Document:

Exhibit
4.3 

 

EXECUTION
VERSION

 

 

 

BMO
COMMERCIAL MORTGAGE SECURITIES LLC,

as Depositor,

 

Keybank
national association,

as Servicer,

 

Keybank
national association,

as Special Servicer,

 

Wilmington
Trust, National Association,

as Trustee,

 

COMPUTERSHARE
TRUST COMPANY, NATIONAL ASSOCIATION,

as Certificate Administrator

 

and

 

PENTALPHA
SURVEILLANCE LLC,

as Operating Advisor

 

 

 

TRUST
AND SERVICING AGREEMENT

 

Dated
as of February 6, 2022

 

 

 

BWAY
Commercial Mortgage Trust 2022-26BW,

Commercial Mortgage Pass-Through Certificates, Series 2022-26BW

 

     

     

    

 

TABLE
OF CONTENTS

 

Page

	1.   	DEFINITIONS	5
	 	 	 	 
	1.1   	Definitions	5
	1.2   	Interpretation	69
	1.3   	Certain Calculations in Respect of the Mortgage Loan	70
	 	 	 
	2.   	DECLARATION OF TRUST; ORIGINAL ISSUANCE OF CERTIFICATES	73
	2.1   	Creation and Declaration of Trust; Conveyance of the
Trust Loan	73
	2.2   	Acceptance by the Trustee and the Certificate Administrator	78
	2.3   	Representations and Warranties of the Trustee	80
	2.4   	Representations and Warranties of the Certificate Administrator	82
	2.5   	Representations and Warranties of the Servicer	83
	2.6   	Representations and Warranties of the Special Servicer	84
	2.7   	Representations and Warranties of the Depositor	86
	2.8   	Representations and Warranties	87
	2.9   	Representations and Warranties Contained in the Trust
Loan Purchase Agreements	89
	2.10   	Execution and Delivery of Certificates;; Issuance of
Uncertificated Lower-Tier Interests	92
	2.11   	Miscellaneous	92
	2.12   	Bare Trust	92
	 	 	 	 
	3.   	ADMINISTRATION AND SERVICING OF THE MORTGAGE LOAN	92
	3.1   	Servicer to Act as the Servicer; Special Servicer to
Act as the Special Servicer	92
	3.2   	Sub-Servicing Agreements	94
	3.3   	Cash Management Account and Reserve Accounts	96
	3.4   	Collection Account	96
	3.5   	Distribution Account	103
	3.6   	Foreclosed Property Account	105
	3.7   	Appraisal Reductions	105
	3.8   	Investment of Funds in the Collection Account and any
Foreclosed Property Account	110
	3.9   	Payment of Taxes, Assessments, etc	112
	3.10   	Appointment of Special Servicer	112
	3.11   	Maintenance of Insurance and Errors and Omissions and
Fidelity Coverage	118
	3.12   	Procedures with Respect to Defaulted Mortgage Loan;
Realization upon the Property	121
	3.13   	Certificate Administrator to Cooperate; Release of Items
in Mortgage Loan File	124
	3.14   	Title and Management of Foreclosed Property	124

 

     

     

    

 

	3.15   	Sale of Foreclosed Property	126
	3.16   	Sale of the Mortgage Loan	128
	3.17   	Servicing Compensation	131
	3.18   	Reports to the Certificate Administrator; Account Statements	135
	3.19   	Annual Statement as to Compliance	137
	3.20   	Annual Independent Public Accountants’ Servicing
Report	138
	3.21   	Access to Certain Documentation Regarding the Mortgage
Loan and Other Information	139
	3.22   	Inspections	140
	3.23   	Advances	141
	3.24   	Modifications of Mortgage Loan Documents; Due on Sale;
Due on Encumbrance	146
	3.25   	Servicer and Special Servicer May Own Certificates	150
	3.26   	Mezzanine Intercreditor Agreement; Notice of Mortgage
Loan Event of Default to Companion Loan Holder(s) and Mezzanine Lender	150
	3.27   	Rating Agency Confirmation	151
	3.28   	Approval of Annual Budget	154
	3.29   	Financial Statements	154
	3.30   	Co-operation with Other Asset Reviewer	154
	3.31   	Consultation with Other Operating Advisor	154
	3.32   	Compensating Interest Payments	155
	3.33   	Resignation Upon Prohibited Risk Retention Affiliation	155
	 	 	 	 
	4.   	PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS	156
	4.1   	Distributions	156
	4.2   	Withholding Tax	161
	4.4   	Statements to Certificateholders	162
	4.5   	Investor Q&A Forum; Investor Registry and Rating
Agency Q&A Forum	166
	 	 	 	 
	5.   	THE CERTIFICATES	169
	5.1   	The Certificates	169
	5.2   	Form and Registration	170
	5.3   	Registration of Transfer and Exchange of Certificate	173
	5.4   	Mutilated, Destroyed, Lost or Stolen Certificates	181
	5.5   	Persons Deemed Owners	181
	5.6   	Access to List of Certificateholders’ Names and
Addresses; Special Notices	182
	5.7   	Maintenance of Office or Agency	182
	 	 	 	 
	6.   	THE DEPOSITOR, THE SERVICER, THE SPECIAL SERVICER AND
THE OPERATING ADVISOR	183
	6.1   	Respective Liabilities of the Depositor, the Servicer,
the Special Servicer and the Operating Advisor	183

 

    2 

     

    

 

	6.2   	Merger or Consolidation of the Servicer or the Special
Servicer	183
	6.3   	Limitation on Liability of the Depositor, the Servicer,
the Special Servicer, the Operating Advisor and Others	183
	6.4   	Servicer and Special Servicer Not to Resign; Replacement
of Servicer or Special Servicer	185
	6.5   	Policies and Procedures	187
	6.6   	Indemnification by the Servicer, the Special Servicer,
the Operating Advisor and the Depositor	188
	 	 	 	 
	7.   	SERVICER TERMINATION EVENTS; TERMINATION OF SPECIAL
SERVICER WITHOUT CAUSE; TRUSTEE AS MAKER OF ADVANCES	189
	7.1   	Servicer Termination Events; Special Servicer Termination
Events	189
	7.2   	Trustee to Act; Appointment of Successor	196
	7.3   	Notification to Certificateholders, the Depositor and
the Rating Agencies.	198
	7.4   	Other Remedies of Trustee	199
	7.5   	Waiver of Past Servicer Termination Events and Special
Servicer Termination Events	199
	7.6   	Trustee as Maker of Advances	199
	 	 	 	 
	8.   	THE TRUSTEE AND THE CERTIFICATE ADMINISTRATOR	200
	8.1   	Duties of the Trustee and the Certificate Administrator	200
	8.2   	Certain Matters Affecting the Trustee and the Certificate
Administrator	202
	8.3   	Neither the Trustee nor the Certificate Administrator
is Liable for Certificates or the Mortgage Loan	205
	8.4   	Trustee and Certificate Administrator May Own Certificates	207
	8.5   	Trustee’s and Certificate Administrator’s
Fees and Expenses	207
	8.6   	Eligibility Requirements for the Trustee and the Certificate
Administrator; Errors and Omissions Insurance	208
	8.7   	Resignation and Removal of the Trustee or the Certificate
Administrator	209
	8.8   	Successor Trustee or Successor Certificate Administrator	210
	8.9   	Merger or Consolidation of the Trustee or the Certificate
Administrator	211
	8.10   	Appointment of Co-Trustee or Separate Trustee	211
	8.11   	Appointment of Authenticating Agent	213
	8.12   	Trustee and Certificate Administrator Indemnification;
Third-Party Claims	214
	8.13   	Certificate Administrator and Servicer Not Responsible
for Inconsistent Payment Information	215
	8.14   	Access to Certain Information	216
	8.15   	Appointment of Custodian	224

 

    3 

     

    

 

	9.   	CERTAIN MATTERS RELATING TO THE CONTROLLING CLASS REPRESENTATIVE
AND THE OPERATING ADVISOR	225
	9.1   	Selection and Removal of the Controlling Class Representative	225
	9.2   	Limitation on Liability of Controlling Class Representative;
Acknowledgements of the Certificateholders	227
	9.3   	Consent to Various Actions; Rights and Powers of the
Controlling Class Representative; Consultation Rights of the Consulting Parties	228
	9.4   	Controlling Class Representative and Operating Advisor
Contact with Servicer and Special Servicer	231
	9.5   	Appointment and Duties of the Operating Advisor	231
	9.6   	Merger or Consolidation of the Operating Advisor	236
	9.7   	Resignation of Operating Advisor	237
	9.8   	Termination of the Operating Advisor	237
	 	 	 	 
	10.  	 TERMINATION	240
	10.1   	Termination	240
	10.2   	Additional Termination Requirements	241
	10.3   	Trusts Irrevocable	242
	 	 	 	 
	11.   	MISCELLANEOUS PROVISIONS	242
	11.1   	Amendment	242
	11.2   	Recordation of Agreement; Counterparts	245
	11.3   	Governing Law; Submission to Jurisdiction; Waiver of
Jury Trial	245
	11.4   	Notices	246
	11.5   	Notices to the Rating Agencies	249
	11.6   	Severability of Provisions	250
	11.7   	Limitation on Rights of Certificateholders	250
	11.8   	Certificates Nonassessable and Fully Paid	251
	11.9   	Reproduction of Documents	251
	11.10   	No Partnership	251
	11.11   	Actions of Certificateholders	251
	11.12   	Successors and Assigns	252
	11.13   	Acceptance by Authenticating Agent, Certificate Registrar	252
	11.14   	Streit Act	252
	11.15   	Assumption by Trust of Duties and Obligations of the
Lender Under the Mortgage Loan Documents	253
	11.16   	Treatment as a Security Agreement	253
	11.17   	Cooperation With the Loan Sellers With Respect to Rights
Under the Mortgage Loan Agreement	253
	11.18   	Electronic Signatures	254
	12.   	REMIC ADMINISTRATION	254
	12.1   	REMIC Administration	254

 

    4 

     

    

 

	12.2   	Foreclosed Property	258
	12.3   	Prohibited Transactions and Activities	259
	12.4   	Indemnification with Respect to Certain Taxes and Loss
of REMIC Status	260
	 	 	 	 
	13.   	EXCHANGE ACT REPORTING AND REGULATION AB COMPLIANCE	261
	13.1   	Intent of the Parties; Reasonableness	261
	13.2   	Succession; Sub-Servicers; Subcontractors	261
	13.3   	Other Securitization Trust’s Filing Obligations	263
	13.4   	Form 10-D Disclosure	263
	13.5   	Form 10-K Disclosure	264
	13.6   	Form 8-K Disclosure	264
	13.7   	Annual Compliance Statements	265
	13.8   	Annual Reports on Assessment of Compliance with Servicing
Criteria	266
	13.9   	Annual Independent Public Accountants’ Servicing
Report	268
	13.10   	Significant Obligor	269
	13.11   	Sarbanes-Oxley Backup Certification	270
	13.12   	Indemnification	270
	13.13   	Amendments	273
	13.14   	Termination of the Certificate Administrator	273
	13.15   	[Reserved]	273
	13.16   	Termination of Sub-Servicing Agreements	273
	13.17   	Notification Requirements and Deliveries in Connection
With Securitization of a Companion Loan	274

 

ExhibitS

 

		Exhibit A-1	Form
of Class A Certificates

		Exhibit A-2	Form
of Class X Certificates

		Exhibit A-3	Form
of Class B Certificates

		Exhibit A-4	Form
of Class C Certificates

		Exhibit A-5	Form
of Class D Certificates

		Exhibit A-6	Form
of Class E Certificates

		Exhibit A-7	Form
of Class F Certificates

		Exhibit A-8	Form
of Class G Certificates

		Exhibit  A-9	Form
of Class HRR Certificates

		Exhibit A-10	Form
of Class R Certificate

		Exhibit B	Form
of Request for Release

		Exhibit C	Form
of Transfer Certificate for Rule 144A Global Certificate to Temporary Regulation S Global Certificate

		Exhibit D	Form
of Transfer Certificate for Rule 144A Global Certificate to Regulation S Global Certificate

		Exhibit E	Form
of Transfer Certificate for Temporary Regulation S Global Certificate to Rule 144A Global Certificate during Restricted
Period

 

    5 

     

    

 

		Exhibit F	Form
of Certification to be given by Beneficial Owner of Temporary Regulation S Global Certificate

		Exhibit G-1	Form
of Transfer Certificate for Non-Book Entry Certificate to Temporary Regulation S Global Certificate

		Exhibit G-2	Form
of Transfer Certificate for Non-Book Entry Certificate to Regulation S Global Certificate

		Exhibit
                            G-3	Form
                                         of Transfer Certificate for Non-Book Entry Certificate to Rule 144A Global Certificate

		Exhibit H-1	Form
of Transferor Certification for Transfers of Definitive Certificates

		Exhibit H-2	Form
of Investment Representation Letter for Transfers of Definitive Certificates

		Exhibit H-3	[Reserved]

		Exhibit H-4	[Reserved]

		Exhibit H-5	Form
of Transferee Certificate for Transfer of Class HRR Certificates

		Exhibit H-6	Form
of Transferor Certificate for Transfer of Class HRR Certificates

		Exhibit I-1	Form
of Affidavit Pursuant to Sections 860D(a)(6)(A) and 860E(e)(4) of the Internal Revenue Code of 1986, as amended

		Exhibit I-2	Form
of Transferor Letter for Transfer of Class R Certificates

		Exhibit J	Form
of ERISA Representation Letter

		Exhibit K-1	Form
of Investor Certification - Access to Information

		Exhibit K-2	Form
of Investor Certification - Access Solely to Distribution Date Statements

		Exhibit K-3	Form
of Investor Certification – Voting and Other Rights

		Exhibit L	Applicable
Servicing Criteria

		Exhibit M	Form
of NRSRO Certification

		Exhibit N	Form
of Online Market Data Provider Certification

		Exhibit O	Form
of Operating Advisor Annual Report

		Exhibit P	Form
of Distribution Date Statement

		Exhibit Q	Form
of Recommendation of Special Servicer Termination

		Exhibit R	Form
of Certificate Administrator Receipt in Respect of Credit Risk Retention Certificates

		Exhibit S	[Reserved]

		Exhibit T-1	[Reserved]

		Exhibit T-2	[Reserved]

		Exhibit U	Loan
Seller Sub-Servicers

		Exhibit V	Additional
Form 10-D Disclosures

		Exhibit W	Additional
Form 10-K Disclosures

		Exhibit X	Form
of Additional Disclosure Notification

		Exhibit Y	Form
of 8-K Disclosure

		Exhibit Z-1	Form
of Certification to be Provided by the Certificate Administrator

		Exhibit Z-2	Form
of Certification to be Provided by the Servicer

		Exhibit Z-3	Form
of Certification to be Provided by the Special Servicer

		Exhibit Z-4	Form
of Certification to be Provided to Depositor by the Custodian

		Exhibit Z-5	Form
of Certification to be Provided to Depositor by the Trustee

		Exhibit Z-6	Form
of Certification to be Provided to Depositor by a Sub-Servicer

		Exhibit Z-7	Form
of Certification to be Provided to Depositor by the Operating Advisor

 

    6 

     

    

 

This
Trust and Servicing Agreement (“Agreement”), is dated as of February 6, 2022, among BMO Commercial Mortgage
Securities LLC, as Depositor, KeyBank National Association, as Servicer, KeyBank National Association, as Special Servicer, Wilmington
Trust, National Association, as Trustee, Computershare Trust Company, National Association, as Certificate Administrator, and
Pentalpha Surveillance LLC, as Operating Advisor.

 

INTRODUCTORY
STATEMENT

 

Terms
not defined in this Introductory Statement shall have the meanings specified in Article 1 hereof.

 

Reference
is made to that certain fixed rate loan in the original principal amount of $300,000,000 (the “Mortgage Loan”),
that as of the Closing Date is evidenced by the following promissory notes: (a) that certain Promissory Note A-1, dated February
4, 2022 in the original principal amount of $22,600,000 made by the Borrower (as defined below) in favor of Bank of Montreal (together
with its successors in interest, “BMO”) (such promissory note, as the same may hereafter be amended, restated,
replaced, extended, renewed, supplemented, consolidated, severed, split or otherwise modified, “Note A-1”);
(b) that certain Promissory Note A-2, dated February 4, 2022 in the original principal amount of $22,600,000 made by the Borrower
in favor of Starwood Mortgage Capital LLC (together with its successors in interest, “SMC”) (such promissory
note, as the same may hereafter be amended, restated, replaced, extended, renewed, supplemented, consolidated, severed, split
or otherwise modified, “Note A-2”); (c) that certain Promissory Note A-3, dated February 4, 2022 in the original
principal amount of $20,000,000.00 made by the Borrower in favor of BMO (such promissory note, as the same may hereafter be amended,
restated, replaced, extended, renewed, supplemented, consolidated, severed, split or otherwise modified, “Note A-3”);
(d) that certain Promissory Note A-4, dated February 4, 2022 in the original principal amount of $20,000,000.00 made by the Borrower
in favor of BMO (such promissory note, as the same may hereafter be amended, restated, replaced, extended, renewed, supplemented,
consolidated, severed, split or otherwise modified, “Note A-4”); (e) that certain Promissory Note A-5, dated
February 4, 2022 in the original principal amount of $13,900,000.00 made by the Borrower in favor of SMC (such promissory note,
as the same may hereafter be amended, restated, replaced, extended, renewed, supplemented, consolidated, severed, split or otherwise
modified, “Note A-5”); (f) that certain Promissory Note A-6, dated February 4, 2022 in the original principal
amount of $13,900,000.00 made by the Borrower in favor of SMC (such promissory note, as the same may hereafter be amended, restated,
replaced, extended, renewed, supplemented, consolidated, severed, split or otherwise modified, “Note A-6”);
(g) that certain Promissory Note B-1, dated February 4, 2022 in the original principal amount of $88,500,000.00 made by the Borrower
in favor of BMO (such promissory note, as the same may hereafter be amended, restated, replaced, extended, renewed, supplemented,
consolidated, severed, split or otherwise modified, “Note B-1”); (g) that certain Promissory Note B-2, dated
February 4, 2022 in the original principal amount of $88,500,000.00 made by the Borrower in favor of SMC (such promissory note,
as the same may hereafter be amended, restated, replaced, extended, renewed, supplemented, consolidated, severed, split or otherwise
modified, “Note B-2”; and each of Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6, Note B-1 and
Note B-2, a “Note”, and together, the “Notes”). The Mortgage Loan was originated by BMO
(acting through its Chicago branch) and SMC pursuant to that certain Loan Agreement, dated as of February 4, 2022 (as the same
may hereafter be amended, restated, supplemented or otherwise modified, the “Mortgage Loan 

 

     

     

    

 

Agreement”), by
and between BMO and SMC as lender, and Broadway 26 Waterview LLC, as borrower (together with its permitted successors and assigns
in such capacity under the Mortgage Loan Agreement and the other Mortgage Loan Documents, the “Borrower”).
As of the Cut-off Date, the outstanding principal balance of the Trust Loan is $222,200,000, the aggregate outstanding principal
balance of the Companion Loans is $67,800,000, and the outstanding principal amount of the Mortgage Loan is $290,000,000.

 

Note
A-1 and Note A-2 are collectively referred to herein as the “Senior Trust Notes”. Note B-1 and Note B-2 are
collectively referred to herein as the “Junior Trust Notes”. Each of the Senior Trust Notes and the Junior
Trust Notes is referred to herein as a “Trust Note” or a “Trust Loan Note” and are collectively
referred to herein as the “Trust Notes” or the “Trust Loan Notes”. The portion of the Mortgage
Loan evidenced by the Trust Notes is referred to herein as the “Trust Loan”. Note A-3, Note A-4, Note A-5 and
Note A-6 are each referred to herein as a “Companion Loan Note” and are collectively referred to herein as
the “Companion Loan Notes”. The portion of the Mortgage Loan evidenced by each Companion Loan Note is referred
to herein as a “Companion Loan” and are collectively referred to herein as the “Companion Loans”.
The Senior Trust Notes and the Companion Loan Notes are collectively referred to herein as the “Senior Notes”
and, each as a “Senior Note”.

 

The
Trust Loan was sold and assigned by BMO and SMC to the Depositor pursuant to: (i) in the case of the portion of the Trust Loan
evidenced by Note A-1 and Note B-1, that certain Trust Loan Purchase Agreement, dated as of February 6, 2022 (the “BMO
Trust Loan Purchase Agreement”), by and between BMO and the Depositor and (ii) in the case of the portion of the Trust
Loan evidenced by Note A-2 and Note B-2, that certain Trust Loan Purchase Agreement, dated as of February 6, 2022 (the “SMC
Trust Loan Purchase Agreement”), by and between SMC and the Depositor. The BMO Trust Loan Purchase Agreement and the
SMC Trust Loan Purchase Agreement are each referred to herein as a “Trust Loan Purchase Agreement” and, collectively,
as the “Trust Loan Purchase Agreements”.

 

The
respective rights and obligations of the holders of the Notes are governed by the terms and provisions of that certain Agreement
Between Noteholders, dated as of the Origination Date (as the same may hereafter be amended, restated, supplemented or otherwise
modified, the “Co-Lender Agreement”), by and between BMO, as initial holder of Note A-1, Note A-3, Note A-4
and Note B-1, and SMC, as initial holder of Note A-2, Note A-5, Note A-6 and Note B-2.

 

The
Depositor has, in turn, transferred the Trust Loan to the Trust pursuant to this Agreement. In exchange for the Trust Loan, the
Trust shall issue to or at the direction of the Depositor the Class A, Class X, Class B, Class C, Class D, Class E,
Class F, Class G, Class HRR and Class R Certificates, which in the aggregate will evidence the entire beneficial interest
in the Trust Fund.

 

As
provided for herein, the Certificate Administrator shall elect or shall cause elections to be made to treat designated portions
of the Trust Fund for federal income tax purposes as two separate real estate mortgage investment conduits (the “Upper-Tier
REMIC” and the “Lower-Tier REMIC”, respectively, and each, a “REMIC”). The Class
A, Class X, Class B, Class C, Class D, Class E, Class F, Class G and Class HRR Certificates (collectively, the “Regular

 

    2

     

    

 

Certificates”) represent “regular interests” in the Upper-Tier REMIC. The Class LA, Class LB,
Class LC, Class LD, Class LE, Class LF, Class LG and Class LHRR Uncertificated Interests represent “regular interests”
in the Lower-Tier REMIC. The Class R Certificates will evidence the sole class of “residual interests” in each
of the Upper-Tier REMIC and Lower-Tier REMIC for purposes of the REMIC Provisions under federal income tax law.

 

The
Trust Fund consists principally of the Trust Notes and, insofar as they evidence, secure, guarantee or otherwise relate to the
Trust Loan, the Mortgage and the related Mortgage Loan Documents.

 

The
Depositor intends to sell the Certificates to the Initial Purchasers in an offering exempt from the registration requirements
of the federal securities laws.

 

UPPER-TIER
REMIC

 

The
respective Classes of Regular Certificates shall evidence “regular interests” in the Upper Tier REMIC created hereunder.
The Class UT-R Interest will constitute the sole class of “residual interests” in the Upper-Tier REMIC created
hereunder, and will be evidenced by the Class R Certificates. The following table sets forth the class designation, the approximate
initial Pass-Through Rate and the initial Certificate Balance (the “Initial Certificate Balance”) or Notional
Amount (the “Initial Notional Amount”), as applicable, for each Class of Regular Certificates and the Class UT-R
Interest, which comprise the interests in the Upper-Tier REMIC created hereunder:

 

	Class Designation
	Approximate
Initial

 Pass-Through Rate(1)
	Initial
Certificate Balance or

 Initial Notional Amount 

	 	 	 
	Class A 	3.40200%(2)	$39,960,000
	Class X 	0.76344%(3)	$92,600,000
    (4)
	Class B 	3.99000%(2)	$5,240,000
	Class C 	4.59200%(2)	$26,400,000
	Class D 	4.85000%(2)	$21,000,000
	Class E 	4.86636%(5)	$27,000,000
	Class F 	4.86636%(5)	$41,700,000
	Class G 	4.86636%(5)	$
    45,150,000
	Class HRR 	4.86636%(5)	$15,750,000
	Class UT-R(6) 	N/A(6)	N/A(6)

 

 

 

		(1)	Interest
                                         will accrue with respect to all of the Regular Certificates on the basis of a 360-day
                                         year consisting of twelve 30-day months (a “30/360 Basis”).

 

		(2)	For
                                         any Distribution Date, the Pass-Through Rate of each Class of the Class A, Class B, Class
                                         C and Class D Certificates will be fixed at the related rate per annum set forth
                                         in the table above under the heading “Approximate Initial Pass-Through Rate”.

 

    3

     

    

 

		(3)	Represents
                                         the initial Class X Pass-Through Rate. For any Distribution Date, the Pass-Through Rate
                                         of the Class X Certificates (the “Class X Pass-Through Rate”) will
                                         be a per annum rate equal to the weighted average of the Class X Strip Rates for
                                         the Class LA, Class LB, Class LC and Class LD Uncertificated Interests (weighted on the
                                         basis of their respective Lower-Tier Principal Amounts, in each case, immediately prior
                                         to such Distribution Date).

 

		(4)	The
                                         Class X Certificates will not have a Certificate Balance and will not be entitled to
                                         receive distributions of principal. The Notional Amount of the Class X Certificates will
                                         be equal to the aggregate of the Lower-Tier Principal Amounts of the Class LA, Class
                                         LB, Class LC and Class LD Uncertificated Interests from time to time.

 

		(5)	Represents
                                         the initial related Pass-Through Rate. For any Distribution Date, the Pass-Through Rate
                                         on each Class of the Class E, Class F, Class G and Class HRR Certificates will be a per
                                         annum rate equal to the Adjusted Net Mortgage Rate with respect to the Trust Loan
                                         for such Distribution Date.

 

		(6)	The
                                         Class UT-R Interest (evidenced by the Class R Certificates) will not have a
                                         Certificate Balance or notional amount, will not bear interest and will not be entitled
                                         to distributions of Yield Maintenance Premiums. Any Available Funds remaining in the
                                         Upper-Tier Distribution Account on any Distribution Date, after all required distributions
                                         under this Agreement have been made to each other Class of Certificates and the Class LT-R
                                         Interest, will be distributed to the Holders of the Class R Certificates in respect
                                         of the Class UT-R Interest.

 

LOWER-TIER
REMIC

 

The
respective Uncertificated Lower-Tier Uncertificated Interests will evidence “regular interests” in the Lower-Tier
REMIC created hereunder. The Class LT-R Interest will constitute the sole class of “residual interests” in the
Lower-Tier REMIC created hereunder and will be evidenced by the Class R Certificates. The following table sets forth the
class designations, initial Lower-Tier Principal Amounts and Pass-Through Rates for the Uncertificated Lower-Tier Interests and
the Class LT-R Interest comprising the interests in the Lower-Tier REMIC created hereunder:

 

	Class
Designation
	Pass-Through
Rate
	Original
Lower-Tier

Principal Amount

	Class
    LA 	(1)	$39,960,000
	Class
    LB 	(1)	$5,240,000
	Class
    LC 	(1)	$26,400,000
	Class
    LD 	(1)	$21,000,000
	Class
    LE 	(1)	$27,000,000
	Class
    LF 	(1)	$41,700,000
	Class
    LG 	(1)	$
    45,150,000
	Class
    LHRR 	(1)	$15,750,000
	Class
    LT-R(2) 	N/A(2)	N/A(2)

 

 

 

		(1)	For
                                         any Distribution Date, the Pass-Through Rate of each of the Class LA, Class LB,
                                         Class LC, Class LD, Class LE, Class LF, Class LG and Class LHRR Uncertificated Interests
                                         will be a per annum rate equal to the Adjusted Net Mortgage Rate with respect
                                         to the Trust Loan for such Distribution Date.

 

		(2)	The
Class LT-R Interest (evidenced by the Class R Certificates) will not have a Certificate Balance or notional amount,
will not bear interest and will not be entitled to distributions of Yield Maintenance Premiums. Any Available Funds constituting
assets remaining in the Lower-Tier Distribution Account on any Distribution Date, after distributing the Lower-Tier Distribution
Amount, will be distributed to the Holders of the Class R

 

    4

     

    

 

		 	 Certificates in respect of the Class LT-R Interest (but only to the extent of the
                                         Available Funds for such Distribution Date, if any, remaining in the Lower-Tier Distribution
                                         Account).

 

CREDIT
RISK RETENTION

 

An
economic interest in the credit risk of the Trust Loan is expected to be retained pursuant to the U.S. Credit Risk Retention Rules
as an “eligible horizontal residual interest” (as defined in the U.S. Credit Risk Retention Rules) in the form of
the Class HRR Certificates. BMO will act as “retaining sponsor” under, and as defined in, the U.S. Credit Risk Retention
Rules and is expected to satisfy its risk retention requirements through the purchase and retention of the Class HRR Certificates
by a “third party purchaser” under, and as defined in, the U.S. Credit Risk Retention Rules.

 

Consistent
with the foregoing, the Third Party Purchaser is purchasing from the Initial Purchasers on the Closing Date for cash the Class
HRR Certificates in the Initial Certificate Balance of $15,750,000, and has entered into the TPP Risk Retention Agreement with
the Depositor and the Retaining Sponsor. The Class HRR Certificates that the Third Party Purchaser is purchasing are collectively
referred to in this Agreement as the “HRR Interest”.

 

All
covenants and agreements made by the Depositor herein are for the benefit and security of the Certificateholders and the Trustee
as holder of the Uncertificated Lower-Tier Interests. The Depositor, the Servicer, the Special Servicer, the Trustee, the Certificate
Administrator and the Operating Advisor are entering into this Agreement, and the Trustee is accepting the trusts created hereby,
for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged.

 

W
I T N E S S E T H   T H A T:

 

In
consideration of the mutual agreements herein contained, the parties hereto agree as follows:

 

	1.	DEFINITIONS

 

1.1        
Definitions. Whenever used in this Agreement, the following words and phrases, unless the context otherwise requires, shall
have the following meanings and such meanings shall be equally applicable to the singular and plural forms of such terms, as the
context may require.

 

“17g-5
Information Provider”: The Certificate Administrator.

 

“17g-5
Information Provider’s Website”: The internet website of the 17g-5 Information Provider that shall initially be
located within the Certificate Administrator’s Website (www.ctslink.com), under the “NRSRO” tab on the page
relating to this transaction. Such website shall provide means of navigation for each Rating Agency and other NRSRO to the portion
of the Certificate Administrator’s Website available to each applicable type of Privileged Person.

 

“30/360
Basis”: As defined in the Preliminary Statement.

 

    5

     

    

 

“Acceptable
Insurance Default”: Any default arising when the Mortgage Loan Documents require that the Borrower shall maintain all
risk casualty insurance or other insurance that covers damages or losses arising from acts of terrorism and the Special Servicer
has determined, in its reasonable judgment in accordance with Accepted Servicing Practices, that (i) such insurance is not available
at commercially reasonable rates and the subject hazards are not commonly insured against by prudent owners of similar real properties
located in or near the geographic region in which the Property is located (but only by reference to such insurance that has been
obtained by such owners at current market rates) or (ii) such insurance is not available at any rate. In making this determination,
the Special Servicer, to the extent consistent with Accepted Servicing Practices, may rely on the opinion of an insurance consultant,
which shall be a Trust Fund Expense.

 

“Accepted
Servicing Practices”: As defined in Section 3.1.

 

“Acquisition
Date”: The date upon which, under the Code (and in particular the REMIC Provisions and Section 856(e) of the Code),
the Trust is deemed to have acquired the Property.

 

“Act”,
“1933 Act” or “Securities Act”: The Securities Act of 1933, as it may be amended from time
to time.

 

“Additional
Servicer”: Each Person other than the Servicer, the Special Servicer and the Certificate Administrator, who Services
the Mortgage Loan as of any date of determination.

 

“Additional
Servicing Compensation”: Default Interest and late payment fees (to the extent remaining after application pursuant
to Section 3.17(b)), assumption fees, assumption application fees, release fees, Modification Fees, Consent Fees,
defeasance fees, loan service transaction fees, insufficient fund fees and similar fees and expenses to which the Servicer and
the Special Servicer are entitled (to the extent not otherwise prohibited by and specifically allocated to such amounts) in accordance
with the terms of the Mortgage Loan Documents or pursuant to this Agreement and any income earned (net of losses (subject to Section
3.8(b)) on the investment of funds deposited in the Collection Account, any Foreclosed Property Account, the Loss of Value
Reserve Fund and, to the extent interest is not payable to the Borrower, the Cash Management Account and any Reserve Account pursuant
to Section 3.8.

 

“Adjusted
Net Mortgage Rate”: With respect to the Trust Loan (even if the Property becomes a Foreclosed Property), for any
Distribution Date, the annualized rate at which interest would have to accrue in respect of the Trust Loan on the basis of a
360-day year consisting of twelve 30-day months in order to produce the aggregate amount of interest that actually (or, in
the absence of any prepayment,
would have) accrued (exclusive of Default Interest) in respect of the Trust Loan at a per annum rate equal to the Net Mortgage
Rate for the Trust Loan during the Mortgage Loan Interest Accrual Period that ends in the calendar month in which such Distribution
Date occurs; provided, that: (i) the Adjusted Net Mortgage Rate for the Distribution Dates in January and February in any year
which is not a leap year and in February in any year which is a leap year (unless, in any such case, such Distribution Date is
the final Distribution Date) will be determined based on the “aggregate amount of interest that actually (or, in the absence
of any

 

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prepayment,
would have) accrued”, as referred to above in this sentence, being net of the related Withheld Amounts transferred to the
Interest Reserve Account; (ii) the Adjusted Net Mortgage Rate for the Distribution Date in March (or, if it is the final Distribution
Date, the Distribution Date in February) of any year will be determined based on the “aggregate amount of interest that
actually (or, in the absence of any prepayment, would have) accrued”, as referred to above in this sentence, including any
such Withheld Amounts (or, in the case of the Distribution Date in March 2022, the Initial Interest Deposit Amount) that are part
of the related Available Funds; and (iii) in all cases, the Adjusted Net Mortgage Rate will be determined without regard
to (x) any modification, waiver or amendment of the terms of the Trust Loan, whether agreed to by the Servicer or the Special
Servicer in connection with a workout or proposed workout of the Mortgage Loan or otherwise, or resulting from a bankruptcy, insolvency
or similar proceeding involving the Borrower or otherwise, (y) any increase in the Interest Rate with respect to any Trust Loan
Note as a result of a Mortgage Loan Event of Default or (z) the Property becoming a Foreclosed Property.

 

“Administrative
Advances”: As defined in Section 3.23(b).

 

“Administrative
Fee Rate”: The sum of the Servicing Fee Rate for the Trust Loan, the Trustee/Certificate Administrator Fee Rate, the
Operating Advisor Fee Rate and the CREFC® Licensing Fee Rate.

 

“Advance”:
Any Administrative Advance, Monthly Interest Payment Advance or Property Protection Advance.

 

“Advance
Interest”: Interest, compounded annually, on the aggregate amount of Advances with respect to the Mortgage Loan and/or
the Property at the Advance Interest Rate.

 

“Advance
Interest Rate”: The greater of: (a) 2.0% per annum; and (b) the “prime rate” published in the “Money
Rates” section of The Wall Street Journal. If The Wall Street Journal ceases to publish the “prime
rate”, then the Servicer shall select an equivalent publication that publishes such “prime rate”, and if such
“prime rate” is no longer generally published or is limited, regulated or administered by a governmental or quasi-governmental
body, then the Servicer is required to reasonably select a comparable interest rate index.

 

“Adverse
REMIC Event”: As defined in Section 12.1(j).

 

“Affiliate”:
With respect to any specified Person, any other Person, directly or indirectly, controlling or controlled by or under common control
with such specified Person. 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, relation to individuals or otherwise, and the terms “controlling” and “controlled”
have meanings correlative to the foregoing. The Trustee and/or the Certificate Administrator may obtain and rely upon an Officer’s
Certificate of the Servicer, the Special Servicer, the Operating Advisor, the Trustee (in the case of the Certificate Administrator),
the Certificate Administrator (in the case of the Trustee), a Borrower Related Party or the Depositor, as applicable, to determine
whether any Person is an Affiliate of the Servicer, the

 

    7

     

    

 

Special Servicer, the Trustee, the Certificate Administrator, the Operating
Advisor, a Borrower Related Party or the Depositor.

 

“Affiliated
Manager”: Any Property Manager in which the Borrower, any constituent owner, any Borrower Sponsor or the Guarantor controls
or has, directly or indirectly, more than twenty percent (20%) of the legal, beneficial or economic interest therein. For the
purposes of this definition, “control” when used with respect to any specific 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.

 

“Agreement”:
This Trust and Servicing Agreement (including all exhibits hereto) and all amendments and supplements hereto.

 

“Applicable
DBRS Morningstar Permitted Investment Rating”: (A) In the case of such investments with maturities of 30 days or less,
the short-term obligations (or, if applicable, deposit accounts) of which are rated at least “R-1 (middle)” by DBRS
Morningstar or the long-term obligations (or, if applicable, deposit accounts) of which are rated at least “A” by
DBRS Morningstar, (B) in the case of such investments with maturities of three months or less, but more than 30 days, the short-term
obligations (or, if applicable, deposit accounts) of which are rated at least “R-1 (middle)” by DBRS Morningstar or
the long-term obligations (or, if applicable, deposit accounts) of which are rated at least “AA(low)” by DBRS Morningstar,
(C) in the case of such investments with maturities of six months or less, but more than three months, the short-term obligations
(or, if applicable, deposit accounts) of which are rated in the highest short-term rating category by DBRS Morningstar or the
long-term obligations (or, if applicable, deposit accounts) of which are rated at least “AA” by DBRS Morningstar,
and (D) in the case of such investments with maturities of 365 days or less, but more than six months, the short-term obligations
(or, if applicable, deposit accounts) of which are rated in the highest short-term rating category by DBRS Morningstar or the
long-term obligations (or, if applicable, deposit accounts) of which are rated “AAA” by DBRS Morningstar.

 

“Applicable
Laws”: As defined in Section 8.2(d).

 

“Applicable
Moody’s Permitted Investment Rating”: In the case of such investments, the short-term debt obligations of which
are rated at least “P-1” by Moody’s or the long-term debt obligations of which are rated at least “A2”
by Moody’s.

 

“Applicable
Servicing Criteria”: With respect to the Servicer, the Special Servicer or any Servicing Function Participant, the Servicing
Criteria applicable to it, as set forth on Exhibit L attached hereto. For clarification purposes, multiple parties
can have responsibility for the same Applicable Servicing Criteria and with respect to a Servicing Function Participant engaged
by the Servicer or the Special Servicer, the term “Applicable Servicing Criteria” may refer to a portion of
the Applicable Servicing Criteria applicable to the Servicer or the Special Servicer, as the case may be.

 

“Applied
Realized Loss Amount”: All amounts applied to reduce the Certificate Balance of a Class of Principal Balance Certificates
or the Lower-Tier Principal Amount of any

 

    8

     

    

 

Uncertificated Lower-Tier Interest, as applicable, in respect of Realized Losses pursuant
to Section 4.1(j).

 

“Appraisal”:
With respect to the Property or Foreclosed Property, an appraisal of the Property or Foreclosed Property, as the case may be,
conducted by an Independent Appraiser in accordance with the standards of the Appraisal Institute by an Independent Appraiser
and certified by such Independent Appraiser as having been prepared in accordance with the requirements of the Standards of Professional
Practice of the Appraisal Institute with an “MAI” designation and the Uniform Standards of Professional Appraisal
Practice of the Appraisal Foundation, as well as the Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended;
provided that after an initial “Appraisal” has been obtained pursuant to the terms of this Agreement, an update
of such initial Appraisal shall be considered an “Appraisal” hereunder for all purposes if such original Appraisal
was performed within the previous 18 months. All Appraisals (and updates thereof) obtained pursuant to the terms of this
Agreement shall include a valuation using the “income capitalization – discounted cash flow approach” and set
forth the discount rate and terminal capitalization rate utilized by the Independent Appraiser. All calculations under this Agreement
requiring that a “value” or “appraised value” be used with respect to the Property or Foreclosed Property
shall use the most recently determined appraised value set forth in an Appraisal (or update thereof) unless a different valuation
is specifically required (such as the appraised value of the Property at origination). For purposes of determining an Appraisal
Reduction Amount, the Appraised Value (as determined by an updated Appraisal) of the Property shall be determined on an “as-is”
basis.

 

“Appraisal-Reduced
Class”: As defined in Section 3.7(f).

 

“Appraisal
Reduction Amount”: As of any date of determination, subject to Section 3.7(e) of this Agreement, an amount
equal to the excess of (i) the outstanding principal balance of the Mortgage Loan on such date plus the sum of (A) all
accrued and unpaid interest on the Mortgage Loan at the applicable Interest Rate, (B) all related unreimbursed Administrative
Advances and Property Protection Advances and all unpaid interest at the Advance Interest Rate on all Advances in respect of the
Mortgage Loan or the Property, (C) all currently due and unpaid real estate taxes and assessments and Insurance Premiums
and all other amounts, including, if applicable, ground rents, due and unpaid in respect of the Property (which taxes, premiums
and other amounts have not been the subject of an Advance) and (D) to the extent not duplicative of amounts in clauses (B)
or (C), all unpaid Trust Fund Expenses then due under the Mortgage Loan Agreement, over (ii) the sum of (A) either
(1) 90% of the appraised value (as determined by an updated Appraisal that was performed within 9 months prior to the
Appraisal Reduction Event if the Special Servicer is not aware of any material change in the market or condition or value of the
Property since the date of such Appraisal, and otherwise was performed since the date of such material change if the Special Servicer
is aware thereof), or (2) if the events described in clauses (i) through (iii) in the first sentence of
Section 3.7(e) occur with respect to the Property, the Assumed Appraised Value of the Property, in each case, less
the amount of any liens (exclusive of Permitted Encumbrances) on the Property senior to the lien of the Mortgage Loan Documents,
plus (B) any escrows or reserve amounts with respect to the Mortgage Loan, including for taxes, Insurance Premiums
and ground rents.

 

    9

     

    

 

“Appraisal
Reduction Event”: The earliest of (i) 60 days after an uncured payment delinquency (other than a delinquency
in respect of the Balloon Payment) occurs in respect of the Mortgage Loan, (ii) 90 days after an uncured delinquency
occurs in respect of the Balloon Payment for the Mortgage Loan unless a refinancing or sale of the Property is anticipated within
120 days after the Maturity Date of the Mortgage Loan (as evidenced by a written and binding (a) refinancing commitment,
(b) letter of intent or (c) term sheet, in each case, from an acceptable lender, or a signed purchase agreement from an acceptable
purchaser, in each case reasonably satisfactory in form and substance to the Servicer and any applicable Consenting Party, which
provides that such refinancing or sale shall occur within 120 days after the Maturity Date), in which case 120 days
after such uncured delinquency, (iii) 60 days after a reduction in Monthly Interest Payment or a material adverse economic
change with respect to the terms of the Mortgage Loan has become effective, (iv) 60 days after an extension of the Maturity
Date of the Mortgage Loan (except for an extension within the time periods described in clause (ii) above), (v) 60 days
after a receiver has been appointed in respect of the Property on behalf of the Trust or any other creditor, (vi) immediately
after any Borrower Related Party declares, or becomes the subject of, bankruptcy, insolvency or similar proceeding, admits in
writing the inability to pay its debts as they come due or makes an assignment for the benefit of creditors unless such action
is dismissed within 45 days, or (vii) immediately after the Property becomes a Foreclosed Property.

 

“Asset
Status Report”: As defined in Section 3.10(h).

 

“Assignment
of Agreements”: As defined in the Mortgage Loan Agreement.

 

“Assignment
of Leases”: As defined in the Mortgage Loan Agreement.

 

“Assignment
of Management Agreement”: As defined in the Mortgage Loan Agreement.

 

“Assignment
of Mortgage”: An assignment of the Mortgage without recourse, notice of transfer or equivalent instrument, in recordable
form, which is sufficient under the laws of the jurisdiction in which the Property is located to reflect of record the assignment
of the Mortgage to the Trustee on behalf of the Trust; provided, however, the Trustee, the Certificate Administrator,
the Servicer and the Special Servicer will not be responsible for determining whether any such assignment is legally sufficient
or in recordable form.

 

“Assumed
Appraised Value”: As defined in Section 3.7(e).

 

“Assumed
Monthly Interest Payment”: With respect to the Trust Loan (including, without limitation, all or any portion thereof
that constitutes an REO Trust Loan), for the Maturity Date in connection with, or for any Assumed Payment Date following, a delinquency
in the payment of the Balloon Payment on the Trust Loan, or for any Assumed Payment Date following the foreclosure, in whole or
in part, of the Mortgage Loan or the acceptance by the Special Servicer on behalf of the Trust and the Companion Loan Holder(s)
of a deed-in-lieu of foreclosure or comparable conversion of the Mortgage Loan or a portion of the Mortgage Loan, the scheduled
monthly payment of interest at the applicable Interest Rate that would have been due in respect of the Trust Loan on its Maturity
Date and each subsequent Payment Date (or Assumed Payment Date) (or on each Payment Date (or Assumed Payment Date) after the occurrence
of a foreclosure,

 

    10

     

    

 

in whole or in part, of the Mortgage Loan or acceptance by the Special Servicer on behalf of the Trust and the
Companion Loan Holder(s) of a deed-in-lieu of foreclosure or comparable conversion of the Mortgage Loan or a portion of the Mortgage
Loan) if the Trust Loan had been required to continue to accrue interest at the applicable Interest Rate in accordance with its
terms, and without regard to the occurrence of the Maturity Date (or the occurrence of such foreclosure or acceptance of a deed-in-lieu
of foreclosure or comparable conversion), in each case as such terms may have been modified, and the Maturity Date may have been
extended, in connection with a bankruptcy or similar proceeding involving the Borrower or its Affiliates or a modification, waiver
or amendment granted or agreed to by the Servicer or the Special Servicer.

 

“Assumed
Payment Date”: With respect to the Mortgage Loan for any calendar month following a delinquency in the payment of the
Balloon Payment or the foreclosure, in whole or in part, of the Mortgage Loan or acceptance on behalf of the Trust and the Companion
Loan Holder(s) of a deed-in-lieu of foreclosure or comparable conversion of the Mortgage Loan (or portion thereof), the date that
would have been the Payment Date in such calendar month if the Maturity Date or the foreclosure of the Mortgage Loan (or portion
thereof) or acceptance on behalf of the Trust and the Companion Loan Holder(s) of a deed-in-lieu of foreclosure or comparable
conversion of the Mortgage Loan (or portion thereof) had not occurred.

 

“Authenticating
Agent”: As defined in Section  8.11(a).

 

“Available
Funds”: With respect to each Distribution Date, an amount equal to: (a) the aggregate (without duplication) of:
(i) all amounts (other than any Yield Maintenance Premiums) received in respect of the Trust Loan (including, without limitation,
all or any portion thereof that constitutes an REO Trust Loan) during the related Collection Period (including, without limitation,
amounts in the form of payments, any Repurchase Price (or Loss of Value Payments by a Loan Seller in lieu thereof) or any other
purchase price of the Trust Loan received by the Trust, any Liquidation Proceeds and, to the extent not otherwise applied to the
repair or restoration of the Property, any Insurance Proceeds and Condemnation Proceeds received by the Trust); (ii) any
advance of interest on the Trust Loan for such Distribution Date; (iii) any Compensating Interest Payment made with respect
to the Trust Loan for the related Remittance Date; (iv) any amounts transferred to the Collection Account from any other
account maintained under this Agreement for distribution on such Distribution Date (provided that the Servicer receives such transfer
no later than the close of business on the Business Day prior to the related Remittance Date); (v) with respect to the Distribution
Date occurring in March (or, if such Distribution Date is the final Distribution Date, in February), of each calendar year (commencing
in 2023), the Withheld Amounts to be transferred from the Interest Reserve Account to the Distribution Account; (vi) with respect
to the Distribution Date occurring in March 2022 (if and to the extent not already included in clause (a)(i) of this definition
for such Distribution Date), any Initial Interest Deposit Amount remitted on the Closing Date by the Loan Sellers to the Servicer
pursuant to Section 1 of the Trust Loan Purchase Agreements; and (vii) any payment of interest received prior to the related
Collection Period but intended to cover interest accrued during the Mortgage Loan Interest Accrual Period that corresponds to
the Payment Date in the related Collection Period; reduced by (b) the aggregate (without duplication) of (i) any portion
of the amounts described in clause (a)(i) of this definition that represents escrow payments, reserve funds or amounts
received in respect of future accrual periods, (ii) with respect to any Distribution Date occurring in January (except in a leap
year) or February of each calendar year (commencing in

 

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2023) (unless, in either case, such Distribution Date is the final Distribution
Date), the related Withheld Amounts transferred or to be transferred from the Distribution Account to the Interest Reserve Account,
(iii) amounts required to be paid to the Servicer, the Special Servicer or the Trustee in respect of the reimbursement of
Advances (with interest thereon) or in respect of the payment of the Servicing Fee, the Work-out Fee, the Liquidation Fee or the
Special Servicing Fee; (iv) amounts required to be applied (or portion of any Monthly Interest Payment Advance with respect to
such Distribution Date to be applied) to the payment of the Operating Advisor Fee, the Trustee/Certificate Administrator Fee (including
the portion thereof that is the Trustee Fee) or the CREFC® Licensing Fee; and (v) to the extent not included in
clauses (b)(i) to (b)(iv) of this definition, any other the Available Funds Reduction Amount for the related Remittance
Date. Available Funds shall not include any amounts allocable to the Companion Loan(s) under the Co-Lender Agreement.

 

“Available
Funds Reduction Amount”: With respect to any Distribution Date, the aggregate of all amounts withdrawn from the Collection
Account pursuant to clauses (i) through (xi) of the first paragraph of Section 3.4(c) of this Agreement with
respect to the related Remittance Date.

 

“Balloon
Payment”: The payment of the outstanding principal balance of the Mortgage Loan, the Trust Loan or any Companion Loan,
as applicable, together with all unpaid interest, due and payable on the Maturity Date.

 

“Base
Interest Fraction”: With respect to any principal prepayment on the Mortgage Loan as to which a Yield Maintenance Premium
is collected and allocated to the Trust Loan, with respect to the Principal Balance Certificates, a fraction (a) whose numerator
is the excess, if any, of (i) the Pass-Through Rate on such Class of Certificates, over (ii) the discount rate used in calculating
the Yield Maintenance Premium with respect to such principal prepayment and (b) whose denominator is the excess, if any, of (i)
the Interest Rate on the Trust Notes over (ii) the discount rate that would be used in calculating the Yield Maintenance Premium
with respect to such principal prepayment; provided, however, that (1) under no circumstances will the Base Interest Fraction
be greater than one or less than zero, (2) if the discount rate is greater than or equal to the Interest Rate on the Trust Notes
and is greater than or equal to the Pass-Through Rate on such Class of Certificates, then the Base Interest Fraction will equal
zero, and (3) if the discount rate is greater than or equal to the Interest Rate on the Trust Notes and is less than the Pass-Through
Rate on such Class of Certificates, then the Base Interest Fraction will be one. If any Yield Maintenance Premium consists of
a prepayment premium (calculated as a percentage of the amount prepaid) rather than a yield maintenance amount, then the discount
rate used to calculate the Base Interest Fraction shall be the discount rate used to calculate the yield maintenance amount for
the purpose of determining such Yield Maintenance Premium.

 

“Beneficial
Owner”: With respect to a Global Certificate, the Person who is the beneficial owner of such Certificate as reflected
on the books of the Depository or on the books of a Person maintaining an account with such Depository (directly as a Depository
Participant or indirectly through a Depository Participant, in accordance with the rules of such Depository). Each of the Depositor,
the Trustee, the Certificate Administrator, the Special Servicer and the Servicer, as applicable, will have the right to require,
as a condition to acknowledging the status of any

 

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Person as a Beneficial Owner under this Agreement, that such Person provide
an Investor Certification.

 

“BMO”:
As defined in the Introductory Statement hereto.

 

“Borrower”:
As defined in the Introductory Statement.

 

“Borrower
Party” and “Borrower Parties”: Individually, and collectively, the Borrower, the Borrower Sponsors
and any Guarantor.

 

“Borrower
Reimbursable Trust Fund Expenses”: Expenses for which the Borrower is obligated to reimburse the Trust and/or the Companion
Loan Holder(s) pursuant to the Mortgage Loan Agreement (including, without limitation, Sections 9.3 and 10.13 of
the Mortgage Loan Agreement).

 

“Borrower
Related Party”: Individually or collectively, as the context may require, the Borrower, any borrower under a related
mezzanine loan, any constituent owner, any Affiliated Manager, any Borrower Sponsor and the Guarantor.

 

“Borrower
Restricted Party”: Individually or collectively, as the context may require, (i) the Borrower, the Borrower Sponsor,
any borrower under a related mezzanine loan, any guarantor under the Mortgage Loan or a related mezzanine loan, any operating
lessee or property manager of the Property, or any of their respective managers, servicers, agents or Affiliates, (ii) a
Restricted Holder, (iii) any Person controlling or controlled by or under common control with the Borrower, the Borrower
Sponsors, any borrower under a related mezzanine loan, any guarantor under the Mortgage Loan or a related mezzanine loan, any
operating lessee or property manager of the Property, or a Restricted Holder, as applicable, or (iv) any shareholder, partner,
member or non-member manager, or any direct or indirect legal or beneficial owner of any interest in the Borrower, the Borrower
Sponsors, any borrower under a related mezzanine loan, any guarantor under the Mortgage Loan or a related mezzanine loan, any
operating lessee or property manager of the Property, or a Restricted Holder (other than any shareholder, partner, member or owner
owning less than a 10% non-controlling direct or indirect legal or beneficial interest in any of the foregoing). For the purposes
of this definition, “control” when used with respect to any specific 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.

 

“Borrower
Sponsors”: The “Sponsors” as defined in the Mortgage Loan Agreement.

 

“Business
Day”: Any day other than (a) a Saturday or a Sunday or (b) any other day on which (1) federally insured
depository institutions in the State of New York, (2) the place of business of the Servicer, the Special Servicer, the Trustee,
the Certificate Administrator, or the financial institution that maintains the Collection Account, the Foreclosed Property Account
or any Reserve Account for the Mortgage Loan, or (3) the New York Stock Exchange or the Federal Reserve Bank of New York,
in each case are authorized or obligated by law, governmental decree or executive order to be closed.

 

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“Cash
Management Account”: As defined in the Mortgage Loan Agreement.

 

“Cash
Management Agreement”: As defined in the Mortgage Loan Agreement.

 

“CCR
Consultation Period”: Any period when both: (i) a CCR Control Termination Event has occurred and is continuing;
and (ii) a CCR Consultation Termination Event has not yet occurred or has occurred but is no longer continuing.

 

“CCR
Consultation Termination Event”: The event that occurs when (i) the Class HRR Certificates no longer have
a Certificate Balance (without regard to the application of any Appraisal Reduction Amounts then allocable to such Class of Certificates
to notionally reduce the Certificate Balance of such Class of Certificates) that is equal to or greater than 25% of the Initial
Certificate Balance of such Class of Certificates, or (ii) the Controlling Class Representative or the Majority Controlling
Class Certificateholders are Borrower Restricted Parties.

 

“CCR
Consultation Termination Period”: Any period when a CCR Consultation Termination Event has occurred and is continuing.

 

“CCR
Control Period”: Any period during which a CCR Control Termination Event (i) has not yet occurred or (ii) has
occurred but is no longer continuing.

 

“CCR
Control Termination Event”: The event that occurs when (i) the Class HRR Certificates no longer have a Certificate
Balance (taking into account the application of Appraisal Reduction Amounts to notionally reduce the Certificate Balance of such
Class of Certificates) that is equal to or greater than 25% of the Initial Certificate Balance of such Class of Certificates,
or (ii) the Controlling Class Representative or the Majority Controlling Class Certificateholders are Borrower Restricted
Parties.

 

“CERCLA”:
The Comprehensive Environmental Response, Compensation and Liability Act of 1980, 42 U.S.C. §§ 9601 et seq.,
as amended.

 

“Certificate”:
Any Class A, Class X, Class B, Class C, Class D, Class E, Class F, Class G, Class HRR or Class R Certificate issued,
authenticated and delivered hereunder.

 

“Certificate
Administrator”: Computershare Trust Company, National Association, in its capacity as certificate administrator, or
if any successor Certificate Administrator is appointed as herein provided, such Certificate Administrator.

 

“Certificate
Administrator’s Website”: The internet website of the Certificate Administrator, initially located at www.ctslink.com.

 

“Certificate
Balance”: With respect to any Class of Principal Balance Certificates at any date of determination, an amount equal
to (1) the Initial Certificate Balance of such Class, less (2) the sum of (a) all amounts distributed to Holders
of Certificates of such Class on all previous Distribution Dates and treated under this Agreement as allocable to principal, and
(b) the aggregate amount of Realized Losses allocated to such Class of Certificates, if any, on all prior Distribution Dates
pursuant to Section 4.1(j). With respect to any individual Principal Balance

 

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Certificate, the product of (x) the
Percentage Interest represented by such Certificate multiplied by (y) the Certificate Balance of the related Class of Certificates
to which such Certificate belongs.

 

“Certificate
Interest Accrual Period”: With respect to any Class of Regular Certificates and any Uncertificated Lower-Tier Interest
for any Distribution Date, the calendar month immediately preceding the month in which such Distribution Date occurs.

 

“Certificate
Register” and “Certificate Registrar”: The register maintained and the registrar appointed pursuant
to Section 5.3 of this Agreement.

 

“Certificateholder”
or “Holder”: With respect to any Certificate, the person in whose name a Certificate is registered in the Certificate
Register (including, solely for the purposes of providing, distributing or otherwise making available any reports, statements
or other information pursuant to this Agreement, Beneficial Owners of Certificates or prospective transferees of Certificates
to the extent the Person providing, distributing or making such information available has received an appropriate Investor Certification
from such beneficial owner or prospective transferee), provided, however, that (a) solely for the purpose of
giving any consent, approval or waiver or taking any action pursuant to this Agreement (including voting on an amendment to this
Agreement) that specifically relates to the rights, duties, compensation or termination of, and/or any other matter specifically
involving the Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor or any Person
known to a Responsible Officer of the Certificate Registrar to be an Affiliate of any such party, any Certificate registered in
the name of or beneficially owned by such party or any Affiliate thereof shall be deemed not to be outstanding and the Voting
Rights to which it is entitled will not be taken into account in determining whether the requisite percentage of Voting Rights
necessary to effect any such consent, approval or waiver or take any such action has been obtained, and (b) solely for the
purpose of giving any consent or taking any action pursuant to this Agreement, any Certificate beneficially owned by a Borrower
Restricted Party shall be deemed not to be outstanding and the Voting Rights to which it is entitled shall not be taken into account
in determining whether the requisite percentage of Voting Rights necessary to effect any such consent or take any such action
has been obtained. Notwithstanding the foregoing, a Holder or Beneficial Owner of Certificates in the Controlling Class or the
Controlling Class Representative will not be subject to the restrictions contained above in this definition of Certificateholder
when exercising, and will not be prohibited from exercising, any appointment rights, consent rights, consultation rights, Voting
Rights or any other rights it may have, solely in its capacity as a Holder or Beneficial Owner of specifically Certificates in
the Controlling Class (as opposed to a holder or beneficial owner of Certificates in general) or as Controlling Class Representative,
under this Agreement, unless such Holder or Beneficial Owner of Certificates in the Controlling Class or the Controlling Class
Representative is also either (x) a Borrower Restricted Party or a sub-servicer thereof, or (y) the Servicer, the Trustee
or the Certificate Administrator or any person known to a Responsible Officer of the Certificate Registrar to be an Affiliate
of any such party.

 

“Certificateholder
Quorum”: A quorum that: (a) for purposes of Section 7.1(d) of this Agreement, consists of the Holders of Principal Balance
Certificates evidencing at least 50% of the Voting Rights of the Principal Balance Certificates, on an aggregate basis; and (b)
for purposes of Section 7.1(e) of this Agreement, consists of the Holders or Beneficial Owners of Certificates evidencing at least
20% of the outstanding principal balance of all Certificates on an

 

    15

     

    

 

aggregate basis, with such quorum including at least three
(3) Holders and/or, where Global Certificates are involved, underlying Beneficial Owners that are not Risk Retention Affiliated
with each other.

 

“Class”:
With respect to the Certificates, all of the Certificates bearing the same alphabetical class designation, and each Uncertificated
Lower-Tier Interest.

 

“Class A
Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form set
forth in Exhibit A-1 hereto and designated as a Class A Certificate.

 

“Class B
Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form set
forth in Exhibit A-3 hereto and designated as a Class B Certificate.

 

“Class C
Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form set
forth in Exhibit A-4 hereto and designated as a Class C Certificate.

 

“Class D
Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form set
forth in Exhibit A-5 hereto and designated as a Class D Certificate.

 

“Class E
Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form set
forth in Exhibit A-6 hereto and designated as a Class E Certificate.

 

“Class F
Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form set
forth in Exhibit A-7 hereto and designated as a Class F Certificate.

 

“Class G
Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form set
forth in Exhibit A-8 hereto and designated as a Class G Certificate.

 

“Class HRR
Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form set
forth in Exhibit A-9 hereto and designated as a Class HRR Certificate.

 

“Class
Interest Shortfall”: With respect to any Class of Regular Certificates or any Uncertificated Lower-Tier Interest for
any Distribution Date, the amount, if any, by which the Interest Distribution Amount for such Class of Certificates or such Uncertificated
Lower-Tier Interest, as the case may be, and such Distribution Date exceeds the portion of such amount actually distributed to
such Class of Certificates or deemed distributed to such Uncertificated Lower-Tier Interest, as the case may be, in respect of
interest on such Distribution Date.

 

“Class LA
Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is designated as Class LA, is held
as an asset of the Upper-Tier REMIC and has the Original

 

    16

     

    

 

Lower-Tier Principal Amount and per annum rate of interest set
forth in the Introductory Statement.

 

“Class LB
Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is designated as Class LB, is held
as an asset of the Upper-Tier REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set
forth in the Introductory Statement.

 

“Class
LC Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is designated as Class LC, is held as
an asset of the Upper-Tier REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth
in the Introductory Statement.

 

“Class LD
Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is designated as Class LD, is held as an
asset of the Upper-Tier REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth
in the Introductory Statement.

 

“Class LE
Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is designated as Class LE, is held as an
asset of the Upper-Tier REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth
in the Introductory Statement.

 

“Class LF
Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is designated as Class LF, is held as an
asset of the Upper-Tier REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth
in the Introductory Statement.

 

“Class LG
Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is designated as Class LG, is held as an
asset of the Upper-Tier REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth
in the Introductory Statement.

 

“Class LHRR
Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is designated as Class LHRR, is held as
an asset of the Upper-Tier REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth
in the Introductory Statement.

 

“Class LT-R
Interest”: The residual interest in the Lower-Tier REMIC. The Class LT-R Interest has no Pass-Through Rate or Lower-Tier
Principal Amount or notional amount. The Class LT-R Interest will be represented by the Class R Certificates.

 

“Class Principal
Shortfall”: For any Distribution Date and any Class of Principal Balance Certificates, the amount, if any, by which
(i) the Principal Distribution Amount for such Class and such Distribution Date, exceeds (ii) the amount actually distributed
to such Class of Principal Balance Certificates in respect of principal on such Distribution Date.

 

    17

     

    

 

“Class R
Certificate”: A Certificate executed and authenticated by the Certificate Administrator, in substantially the form set
forth in Exhibit A-8 hereto and designated as a Class R Certificate. The Class R Certificates have neither
a Certificate Balance nor a Pass-Through Rate. The Class R Certificates will represent the Class LT-R Interest and the
Class UT-R Interest.

 

“Class UT-R
Interest”: The residual interest in the Upper Tier REMIC. The Class UT-R Interest has no Pass-Through Rate, Certificate
Balance or notional amount. The Class UT-R Interest will be represented by the Class R Certificates.

 

“Class
X Certificate”:  A Certificate executed and authenticated by the Certificate Administrator in substantially the
form set forth in Exhibit A-2 and designated as a Class X Certificate.

 

“Class
X Notional Amount”:  With respect to the Class X Certificates, an amount equal to the aggregate of the
Lower-Tier Principal Amounts of the Class LA, Class LB, Class LC and Class LD Uncertificated Interests from time to
time.

 

“Class
X Pass-Through Rate”:  As defined in the Introductory Statement.

 

“Class
X Strip Rate”:  A per annum rate equal to: (a) for each of the Class LA Uncertificated Interest and the
Class A Certificates for any Distribution Date, the excess, if any, of (i) the Adjusted Net Mortgage Rate with respect to the
Trust Loan for such Distribution Date over (ii) the Pass-Through Rate of the Class A Certificates; (b) for each of the Class LB
Uncertificated Interest and the Class B Certificates for any Distribution Date, the excess, if any, of (i) the Adjusted Net Mortgage
Rate with respect to the Trust Loan for such Distribution Date over (ii) the Pass-Through Rate of the Class B Certificates; (c)
for each of the Class LC Uncertificated Interest and the Class C Certificates for any Distribution Date, the excess, if any, of
(i) the Adjusted Net Mortgage Rate with respect to the Trust Loan for such Distribution Date over (ii) the Pass-Through Rate of
the Class C Certificates; and (d) for each of the Class LD Uncertificated Interest and the Class D Certificates for any Distribution
Date, the excess, if any, of (i) the Adjusted Net Mortgage Rate with respect to the Trust Loan for such Distribution Date over
(ii) the Pass-Through Rate of the Class D Certificates.

 

“Clearing
Account Agreement”: As defined in the Mortgage Loan Agreement.

 

“Clearing
Agency”: An organization registered as a “clearing agency” pursuant to Section 17A of the Exchange
Act. The initial Clearing Agency shall be The Depository Trust Company.

 

“Clearstream”:
As defined in Section  5.2(a).

 

“Closing
Date”: February 16, 2022.

 

“CMBS”:
Commercial mortgage-backed securities.

 

“Code”:
The Internal Revenue Code of 1986, as amended, and as it may be further amended from time to time, any successor statutes thereto,
and applicable U.S. Department of the Treasury regulations issued pursuant thereto in temporary or final form and any proposed

 

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regulations thereunder, to the extent that, by reason of their proposed effective date, such proposed regulations would apply
to the Trust Fund.

 

“Co-Lender
Agreement”: As defined in the Introductory Statement.

 

“Collateral”:
The Property securing the Mortgage Loan, the Leases assigned with respect to the Mortgage Loan, the agreements assigned with respect
to the Mortgage Loan, the Reserve Accounts (and all sums held, deposited or invested therein and all proceeds thereof) with respect
to the Mortgage Loan and all other collateral which is subject to security interests and liens granted to secure the Mortgage
Loan.

 

“Collateral
Security Documents”: Any document or instrument given to secure or guaranty the Mortgage Loan, including without limitation,
the Mortgage, each as amended, supplemented, assigned, extended or otherwise modified from time to time.

 

“Collection
Account”: As defined in Section  3.4(a).

 

“Collection
Period”: (i) With respect to the first Distribution Date, the period commencing on and including the Closing Date
and ending on and including the Determination Date relating to such Distribution Date; and (ii) with respect to any other
Distribution Date, the period commencing on and including the date immediately following the Determination Date relating to the
immediately preceding Distribution Date and ending on and including the Determination Date relating to such Distribution Date.
The Collection Period for any Distribution Date shall also relate to the Remittance Date immediately prior to such Distribution
Date.

 

“Commission”:
The Securities and Exchange Commission.

 

“Companion
Loan”: As defined in the Introductory Statement.

 

“Companion
Loan Advance”: With respect to a Companion Loan that is part of an Other Securitization Trust, any advance of delinquent
scheduled payments with respect to such Companion Loan made by the master servicer or trustee with respect to such Other Securitization
Trust.

 

“Companion
Loan Holder”: The holder of a Companion Loan Note and any successor thereto in respect of the corresponding interest
in any Foreclosed Property.

 

“Companion
Loan Notes”: As defined in the Preliminary Statement.

 

“Companion
Loan Rating Agency” With respect to any Companion Loan, any rating agency that was engaged by a participant in the securitization
of such Companion Loan to assign a rating to the related Companion Loan Securities.

 

“Companion
Loan Rating Agency Confirmation”: With respect to any matter involving the servicing and administration of a Companion
Loan or REO Companion Loan as to which any Companion Loan Securities exist, confirmation in writing (which may be in electronic
form) by each applicable Companion Loan Rating Agency that a proposed action, failure to act or other event so specified will
not, in and of itself, result in the downgrade, withdrawal or

 

    19

     

    

 

qualification of the then current rating assigned to any class of
such Companion Loan Securities (if then rated by such Companion Loan Rating Agency); provided that upon receipt of a written waiver
or other acknowledgment from a Companion Loan Rating Agency indicating its decision not to review or declining to review the matter
for which the Companion Loan Rating Agency Confirmation is sought, or as otherwise provided in Section 3.27 of this Agreement,
the requirement for the Companion Loan Rating Agency Confirmation from the applicable Companion Loan Rating Agency with respect
to such matter shall not apply.

 

“Companion
Loan Securities”: Any commercial mortgage-backed securities that evidence an interest in or are secured by the assets
of an Other Securitization Trust, which assets include a Companion Loan (or a portion thereof or interest therein).

 

“Compensating
Interest Payment”: A cash payment in an amount, with respect to the Mortgage Loan, equal to the lesser of (i) the
amount of any Prepayment Interest Shortfall incurred in connection with a voluntary Prepayment received in respect of the Mortgage
Loan during the related Collection Period prior to the Payment Date in that Collection Period, and (ii) the aggregate of
the Servicer’s Servicing Fees for the related Distribution Date and, to the extent earned on Prepayments, Net Investment
Earnings payable to the Servicer for the related Mortgage Loan Interest Accrual Period.

 

“Condemnation
Proceeds”: The portion of the Net Proceeds relating to a Condemnation (as defined in the Mortgage Loan Agreement).

 

“Confidential
Information”: With respect to the Trustee, the Certificate Administrator, the Servicer or the Special Servicer, all
material non-public information obtained in the course of and as a result of such Person’s performance of its duties as
Trustee, Certificate Administrator, Servicer or Special Servicer, as applicable with respect to the Mortgage Loan, the Borrower
Related Parties and the Property, unless such information (i) was already in the possession of such Person prior to being
disclosed to such Person, (ii) is or becomes available to such Person from a source other than its activities as Trustee,
Certificate Administrator, Servicer or Special Servicer, (iii) is or becomes generally available to the public other than
as a result of a disclosure by Servicing Personnel or (iv) is required to be disclosed by law or court order, provided
such Person shall use reasonable efforts to obtain confidential treatment thereof. Notwithstanding the foregoing, the Servicer,
the Special Servicer, the Trustee and the Certificate Administrator shall be permitted to comply with its obligations hereunder
to make information available to the extent that such information was received by it in its capacity as Servicer, Special Servicer,
Trustee or Certificate Administrator, as applicable.

 

“Consent
Fees”: Any fees payable in connection with any request by the Borrower for lender consent pursuant to the express terms
of the Mortgage Loan Documents; provided that Consent Fees shall not include fees payable in connection with a consent
to a modification, extension, waiver or amendment of any term of the Mortgage Loan Documents.

 

“Consenting
Party”: Solely during a CCR Control Period, the Controlling Class Representative. For the avoidance of doubt, the Controlling
Class Representative shall not be a Consenting Party (and there shall be no Consenting Party) if and for so long as a CCR Control

 

    20

     

    

 

Termination Event is in effect. Notwithstanding the foregoing, a Borrower Restricted Party cannot be a Consenting Party.

 

“Consulting
Party”: Each of: (i) solely during a CCR Consultation Period, the Controlling Class Representative; (ii) at any
time, each Companion Loan Holder (to the extent such Companion Loan Holder is entitled to exercise such consultation rights under
the Co-Lender Agreement); and (iii) solely after the occurrence and during the continuance of an Operating Advisor Consultation
Trigger Event, the Operating Advisor. For the avoidance of doubt, (A) the Controlling Class Representative shall not be a Consulting
Party if and for so long as a CCR Consultation Termination Event is in effect, (B) any consultation rights of the Companion Loan
Holder(s) shall be subject to the terms of the Co-Lender Agreement and (C) the Operating Advisor shall not be a Consulting Party
unless an Operating Advisor Consultation Trigger Event has occurred and is continuing. Notwithstanding the foregoing, a Borrower
Restricted Party cannot be a Consulting Party.

 

“Controlling
Class”: The Class HRR Certificates. No other Class of Certificates will be eligible to act as the Controlling Class
or appoint a Controlling Class Representative.

 

“Controlling
Class Representative”: The Holder of the Controlling Class (or other representative) selected or designated, as applicable,
in accordance with Section 9.1.

 

“Controlling
Persons”: As defined in Section  6.3(a).

 

“Corporate
Trust Office”: The principal corporate trust office of the Trustee or the Certificate Administrator, as applicable,
at which at any particular time its corporate trust business shall be administered, which office at the date of the execution
of this Agreement is located: (i) with respect to the Trustee: 1100 North Market Street, Wilmington, Delaware 19890, Attention:
BWAY 2022-26BW, or the principal trust office of any successor Trustee qualified and appointed pursuant to Section 8.8,
and (ii) with respect to the Certificate Administrator: (a) for purposes of administration of the Trust, 9062 Old Annapolis
Road, Columbia, Maryland 21045-1951, Attention: Corporate Trust Services– BWAY 2022-26BW, and (b) for purposes of certificate
transfer and presentment of Certificates for final payment thereon, 600 South 4th Street, 7th Floor, Minneapolis, Minnesota 55415,
Attention: Corporate Trust Services – Certificate Transfers – BWAY 2022-26BW, or the principal trust office of any
successor Certificate Administrator qualified and appointed pursuant to Section 8.8.

 

“Credit
Risk Retention Certificate Safekeeping Account”: An account maintained by the Certificate Administrator, which account
shall be deemed to be owned by the Holders of the Class HRR Certificates in proportions equal to their respective Percentage Interests
in the Class HRR Certificates.

 

“Credit
Risk Retention Certificates”: The Class HRR Certificates.

 

“CREFC®”:
The CRE Finance Council, or any association or organization that is a successor thereto. If neither such association nor any successor
remains in existence, “CREFC®” shall be deemed to refer to such other association or organization as
may exist whose principal membership consists of servicers, trustees, issuers, placement agents and underwriters generally involved
in the commercial mortgage loan securitization industry, which is the principal such

 

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association or organization in the commercial
mortgage loan securitization industry and one of whose principal purposes is the establishment of industry standards for reporting
transaction-specific information relating to commercial mortgage pass-through certificates and commercial mortgage-backed bonds
and the commercial mortgage loans and foreclosed properties underlying or backing them to investors holding or owning such certificates
or bonds, and any successor to such other association or organization. If an organization or association described in one of the
preceding sentences of this definition does not exist, “CREFC®” shall be deemed to refer to such other
association or organization as shall be reasonably acceptable to the Servicer, the Special Servicer, the Trustee, the Certificate
Administrator and the Operating Advisor.

 

“CREFC®
Advance Recovery Report”: The monthly report substantially in the form of, and containing the information called
for in, the downloadable form of the “Advance Recovery Report” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be approved by the CREFC® for commercial mortgage securities transactions generally and, insofar as
it requires the presentation of information in addition to that called for by the form of the “Advance Recovery Report”
available as of the Closing Date on the CREFC® Website, is reasonably acceptable to the Servicer.

 

“CREFC®
Appraisal Reduction Template”: A report substantially in the form of, and containing the information called for
in, the downloadable form of the “Appraisal Reduction Template” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Assumption Modification Posting Instructions Template”: A report substantially in the form of, and containing
the information called for in, the downloadable form of the “Assumption Modification Posting Instructions Template”
available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information
and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage
securities transactions generally.

 

“CREFC®
Bond Level File”: The monthly report substantially in the form of, and containing the information called for in,
the downloadable form of the “Bond Level File” available as of the Closing Date on the CREFC® Website,
or such other form for the presentation of such information and containing such additional information as may from time to time
be recommended by the CREFC® for commercial mortgage securities transactions generally and is reasonably acceptable
to the Certificate Administrator.

 

“CREFC®
Capitalized Amounts/Non-Recoverable Trust Expense Template”: A report substantially in the form of, and containing
the information called for in, the downloadable form of the “Capitalized Amounts/Non-Recoverable Trust Expense Template”
available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information
and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage
securities transactions generally.

 

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“CREFC®
Collateral Summary File”: The report substantially in the form of, and containing the information called for in,
the downloadable form of the “Collateral Summary File” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from time
to time be recommended by the CREFC® for commercial mortgage securities transactions generally and is reasonably
acceptable to the Certificate Administrator.

 

“CREFC®
Comparative Financial Status Report”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Comparative Financial Status Report” available as of the Closing Date on the
CREFC® Website, or such other form for the presentation of such information as may from time to time be recommended
by the CREFC® for commercial mortgage securities transactions generally and is reasonably acceptable to the Servicer
and the Special Servicer.

 

“CREFC®
Delinquent Loan Status Report”: A report substantially in the form of, and containing the information called for
in, the downloadable form of the “Delinquent Loan Status Report” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be recommended by the CREFC® for commercial mortgage securities transactions generally and is reasonably
acceptable to the Servicer and the Special Servicer.

 

“CREFC®
Financial File”: A report substantially in the form of, and containing the information called for in, the downloadable
form of the “Financial File” available as of the Closing Date on the CREFC® Website, or such other
form for the presentation of such information and containing such additional information as may from time to time be recommended
by the CREFC® for commercial mortgage securities transactions generally and is reasonably acceptable to the Servicer.

 

“CREFC®
Historical Bond/Collateral Realized Loss Reconciliation Template”: A report substantially in the form of, and
containing the information called for in, the downloadable form of the “Historical Bond/Collateral Realized Loss Reconciliation
Template” available as of the Closing Date on the CREFC® Website, or such other form for the presentation
of such information and containing such additional information as may from time to time be approved by the CREFC®
for commercial mortgage securities transactions generally.

 

“CREFC®
Historical Liquidation Loss Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Historical Liquidation Loss Template” available as of the Closing Date on the
CREFC® Website, or such other form for the presentation of such information and containing such additional information
as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Historical Loan Modification/Forbearance and Corrected Mortgage Loan Report”: A report substantially in the form
of, and containing the information called for in, the downloadable form of the “Historical Loan Modification/Forbearance
and Corrected Mortgage Loan Report” available as of the Closing Date on the CREFC® Website, or such other
form for the presentation of such information and containing such additional information as may from time to

 

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time be recommended
by the CREFC® for commercial mortgage securities transactions generally and is reasonably acceptable to the Servicer
and the Special Servicer.

 

“CREFC®
Interest Shortfall Reconciliation Template”: A report substantially in the form of, and containing the information
called for in, the downloadable form of the “Interest Shortfall Reconciliation Template” available as of the Closing
Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional
information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions
generally.

 

“CREFC®
Licensing Fee”: The “CREFC® Intellectual Property Royalty License Fee” payable to CREFC®
in connection with the usage of CREFC® trademarks, which shall be equal to, with respect to the Trust Loan
and any Mortgage Loan Interest Accrual Period, the amount of interest accrued during such Mortgage Loan Interest Accrual Period
at the related CREFC® Licensing Fee Rate on the same principal balance, in the same manner, and for the same number
of days as any related interest payment with respect to the Trust Loan (including, without limitation, all or any portion thereof
that constitutes an REO Trust Loan) during such Mortgage Loan Interest Accrual Period is computed. Any payments of the CREFC®
Licensing Fee shall be made to “CRE Finance Council” and delivered by wire transfer pursuant to the instructions
furnished by CREFC® to the Servicer in writing.

 

For
the avoidance of doubt, the CREFC® Licensing Fee shall be deemed payable from the Lower-Tier REMIC.

 

“CREFC®
Licensing Fee Rate”: 0.00050% per annum.

 

“CREFC®
Loan Level Reserve LOC Report”: The monthly report substantially in the form of, and containing the information
called for in, the downloadable form of the “Loan Level Reserve LOC Report” available as of the Closing Date on the
CREFC® Website, or such other form for the presentation of such information and containing such additional information
as may from time to time be recommended by the CREFC® for commercial mortgage securities transactions generally
and is reasonably acceptable to the Servicer.

 

“CREFC®
Loan Liquidation Report Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Loan Liquidation Report Template” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Loan Modification Report Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Loan Modification Report Template” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

 

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“CREFC®
Loan Periodic Update File”: The monthly report substantially in the form of, and containing the information called
for in, the downloadable form of the “Loan Periodic Update File” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be recommended by the CREFC® for commercial mortgage securities transactions generally and is reasonably
acceptable to the Servicer, the Special Servicer and the Certificate Administrator.

 

“CREFC®
Loan Setup File”: The report substantially in the form of, and containing the information called for in, the downloadable
form of the “Loan Setup File” available as of the Closing Date on the CREFC® Website, or such other
form for the presentation of such information and containing such additional information as may from time to time be recommended
by the CREFC® for commercial mortgage securities transactions generally and is reasonably acceptable to the Servicer,
the Special Servicer and the Certificate Administrator.

 

“CREFC®
Modification Posting Instructions Template”: A report substantially in the form of, and containing the information
called for in, the downloadable form of the “Modification Posting Instructions Template” available as of the Closing
Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional
information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions
generally.

 

“CREFC®
NOI Adjustment Worksheet”: A report substantially in the form of, and containing the information called for in,
the downloadable form of the “NOI Adjustment Worksheet” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from time
to time be recommended by the CREFC® for commercial mortgage securities transactions generally and is acceptable
to the Servicer or the Special Servicer, as applicable, and in any event, shall present the computations made in accordance with
the methodology described in such form to “normalize” the full year and year to date net operating income and debt
service coverage numbers used in the other reports required by this Agreement.

 

“CREFC®
Operating Statement Analysis Report”: A report prepared with respect to the Property substantially in the form
of, and containing the information called for in, the downloadable form of the “Operating Statement Analysis Report”
available as of the Closing Date on the CREFC® Website or in such other form for the presentation of such information
and containing such additional information as may from time to time be recommended by the CREFC® for commercial
mortgage securities transactions generally and is reasonably acceptable to the Servicer or Special Servicer.

 

“CREFC®
Payment Posting Instructions Template”: A report substantially in the form of, and containing the information
called for in, the downloadable form of the “Payment Posting Instructions Template” available as of the Closing Date
on the CREFC® Website, or such other form for the presentation of such information and containing such additional
information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions
generally.

 

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“CREFC®
Property File”: A report substantially in the form of, and containing the information called for in, the downloadable
form of the “Property File” available as of the Closing Date on the CREFC® Website, or such other form
for the presentation of such information and containing such additional information as may from time to time be recommended by
the CREFC® for commercial mortgage securities transactions generally and is reasonably acceptable to the Servicer
and the Special Servicer.

 

“CREFC®
Reconciliation of Funds Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Reconciliation of Funds Template” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
REO Liquidation Report Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “REO Liquidation Report Template” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
REO Status Report”: A report substantially in the form of, and containing the information called for in, the downloadable
form of the “REO Status Report” available as of the Closing Date on the CREFC® Website, or in such
other form for the presentation of such information and containing such additional information as may from time to time be recommended
by the CREFC® for commercial mortgage securities transactions generally and is reasonably acceptable to the Servicer.

 

“CREFC®
Reports”: Collectively refers to the following files, reports and templates as may be amended, updated or supplemented
from time to time as part of the CREFC® Investor Reporting Package (IRP) and any additional files, reports and
templates that become part of the CREFC® Investor Reporting Package (IRP) from time to time:

 

(a)
        the following eight data files (and any other files as may be, or have been, adopted
and promulgated by CREFC® as part of the CREFC® Investor Reporting Package (IRP) from time to time):
(i) CREFC® Loan Setup File; (ii) CREFC® Loan Periodic Update File; (iii) CREFC®
Property File; (iv) CREFC® Financial File; (v) CREFC® Special Servicer Loan File;
(vi) CREFC® Special Servicer Property File; (vii) CREFC® Bond Level File; and (viii) CREFC®
Collateral Summary File;

 

(b)
       the following ten supplemental reports and methodology (and any other reports as may be,
or have been, adopted and promulgated by CREFC® as part of the CREFC® Investor Reporting Package
(IRP) from time to time): (i) CREFC® Servicer Watch List/Portfolio Review Guidelines; (ii) CREFC®
Delinquent Loan Status Report; (iii) CREFC® REO Status Report; (iv) CREFC® Comparative
Financial Status Report; (v) CREFC® Historical Loan Modification/Forbearance and Corrected Mortgage Loan Report;
(vi) CREFC® Loan Level Reserve/LOC Report; (vii) CREFC® Total Loan Report (to the extent
any portion of the Mortgage Loan is held outside the Trust); (viii) CREFC® 

 

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Advance Recovery Report; (ix) CREFC®
Operating Statement Analysis Report; (x) CREFC® NOI Adjustment Worksheet;

 

(c)
        the following fifteen templates (and any other templates as may be, or have been, adopted
and promulgated by CREFC® as part of the CREFC® Investor Reporting Package (IRP) from time to time):
(i) CREFC® Appraisal Reduction Template, (ii) CREFC® Servicer Realized Loss Template,
(iii) CREFC® Reconciliation of Funds Template, (iv) CREFC® Historical Bond/Collateral
Realized Loss Reconciliation Template, (v) CREFC® Historical Liquidation Loss Template, (vi) CREFC®
Interest Shortfall Reconciliation Template, (vii) CREFC® Servicer Remittance to Certificate Administrator
Template, (viii) CREFC® Significant Insurance Event Template, (ix) CREFC® Loan Modification
Report Template; (x) CREFC® Loan Liquidation Report Template, (xi) CREFC® REO Liquidation
Report Template; (xii) CREFC® Payment Posting Instructions Template; (xiii) CREFC® Modification
Posting Instructions Template; (xiv) CREFC® Assumption Modification Posting Instructions Template, and (xv) CREFC®
Capitalized Amounts/Non-Recoverable Trust Expense Template; and

 

(d)
       such other reports and data files as CREFC® may designate, or has designated,
as part of the “CREFC® Investor Reporting Package (CREFC® IRP)” from time to time.

 

“CREFC®
Servicer Realized Loss Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Servicer Realized Loss Template” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Servicer Remittance to Certificate Administrator Template”: A report substantially in the form of, and containing
the information called for in, the downloadable form of the “Servicer Remittance to Certificate Administrator Template”
available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information
and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage
securities transactions generally.

 

“CREFC®
Servicer Watch List/Portfolio Review Guidelines”: For any Determination Date, a report substantially in the form
of, and containing the information called for in, the downloadable form of the “Servicer Watch List/Portfolio Review Guidelines”
available as of the Closing Date on the CREFC® Website, or in such other final form for the presentation of such
information and containing such additional information as may from time to time be promulgated as recommended by the CREFC®
for commercial mortgage securities transactions generally and, insofar as it requires the presentation of information in
addition to that called for by the form of the “Servicer Watch List/Portfolio Review Guidelines” available as of the
Closing Date on the CREFC® Website, is reasonably acceptable to the Servicer.

 

“CREFC®
Significant Insurance Event Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Interest Significant Insurance Event Template” available as of the Closing Date
on the CREFC® Website,

 

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or such other form for the presentation of such information and containing such additional
information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions
generally.

 

“CREFC®
Special Servicer Loan File”: The monthly report substantially in the form of, and containing the information called
for in, the downloadable form of the “Special Servicer Loan File” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be recommended by the CREFC® for commercial mortgage securities transactions generally and is reasonably
acceptable to the Servicer and the Special Servicer.

 

“CREFC®
Special Servicer Property File”: The monthly report substantially in the form of, and containing the information
called for in, the downloadable form of the “Special Servicer Property File” available as of the Closing Date on the
CREFC® Website, or such other form for the presentation of such information and containing such additional information
as may from time to time be recommended by the CREFC® for commercial mortgage securities transactions generally
and is reasonably acceptable to the Servicer and the Special Servicer.

 

“CREFC®
Total Loan Report”: The report in the “Total Loan Report” format substantially in the form of and
containing the information called for therein for the Mortgage Loan, or such other form for the presentation of such information
as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Website”: The CREFC®’s Internet website located at “www.CREFC®.org”
or such other primary Internet website as the CREFC® may establish for dissemination of its report forms.

 

“Current
Interest Accrual Amount”: With respect to any Distribution Date for any Class of Regular Certificates or any Uncertificated
Lower-Tier Interest, the interest accrued during the related Certificate Interest Accrual Period at the Pass-Through Rate applicable
to such Class of Certificates or such Uncertificated Lower-Tier Interest, as the case may be, for such Distribution Date on the
Certificate Balance, Notional Amount or Lower-Tier Principal Amount, as applicable, of such Class of Certificates or such Uncertificated
Lower-Tier Interest, as the case may be, immediately prior to such Distribution Date.

 

“Custodial
Agreement”: The custodial agreement, if any, from time to time in effect between the Custodian named therein and the
Certificate Administrator, as the same may be amended or modified from time to time in accordance with the terms thereof. For
avoidance of doubt, as of the Closing Date, the Custodian is the Certificate Administrator.

 

“Custodian”:
Any Custodian appointed pursuant to Section 8.15 of this Agreement and, unless the Certificate Administrator is Custodian,
named pursuant to any Custodial Agreement. The Custodian may (but need not) be the Certificate Administrator or the Servicer
or any Affiliate or agent of the Certificate Administrator or the Servicer, but may not be (i) the Depositor, any Loan Seller
or any Affiliates thereof or (ii) the Borrower, any Borrower Restricted Party or any Affiliate thereof.

 

“Cut-off
Date”: February 6, 2022.

 

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“Cut-off
Date Balance”: With respect to any of the Mortgage Loan, the Trust Loan, the Companion Loans, the Notes or any portion
thereof, the outstanding principal balance of such debt obligation as of the Cut-off Date.

 

“DBRS
Morningstar”: DBRS, Inc. or its successor in interest. If neither DBRS, Inc. nor any successor remains in existence,
“DBRS Morningstar” shall be deemed to refer to such other nationally recognized statistical rating agency or other
comparable Person reasonably designated by the Depositor, notice of which designation shall be given to the Servicer, the Special
Servicer, the Trustee, the Certificate Administrator and the Operating Advisor and specific ratings of DBRS Morningstar herein
referenced shall be deemed to refer to the equivalent ratings of the party so designated.

 

“Default
Interest”: With respect to any Payment Date, upon the occurrence and during the continuance of a Mortgage Loan Event
of Default, interest accrued on the outstanding principal balance of the Mortgage Loan and, to the extent permitted by law, on
all accrued and unpaid interest and other amounts due in respect of the Mortgage Loan, in each case, at the excess of the Default
Rate over the related Interest Rate.

 

“Default
Rate”: As defined in the Mortgage Loan Agreement.

 

“Defaulted
Mortgage Loan”: The Mortgage Loan if (i) it is delinquent at least sixty days in respect of its Monthly Interest Payment
or delinquent in respect of its Balloon Payment, in either case such delinquency to be determined without giving effect to any
grace period permitted by the related Mortgage Loan Documents and without regard to any acceleration of payments under the related
Mortgage Loan Documents or (ii) the Servicer or Special Servicer has, by written notice to the Borrower, accelerated the maturity
of the Mortgage Loan.

 

“Defeasance
Event”: As defined in the Mortgage Loan Agreement

 

“Defeasance
Lockout Expiration Date”: As defined in the Mortgage Loan Agreement.

 

“Defect”:
As defined in the Trust Loan Purchase Agreements.

 

“Deficient
Exchange Act Deliverable”: With respect to the Servicer, the Special Servicer, the Operating Advisor, the Certificate
Administrator, the Custodian, the Trustee and each Servicing Function Participant and Additional Servicer retained by it (other
than a Loan Seller Sub-Servicer), any item (x) regarding such party, (y) prepared by such party or any registered public accounting
firm, attorney or other agent retained by such party to prepare such item and (z) delivered by or on behalf of such party pursuant
to the delivery requirements under Article 13 of this Agreement, that does not conform to the applicable reporting requirements
under the Securities Act, the Exchange Act, the Sarbanes-Oxley Act and/or the rules and regulations promulgated thereunder.

 

“Definitive
Certificate”: Any Certificate in fully registered certificated form without interest coupons.

 

“Delivery
Date”: As defined in Section 2.1(b).

 

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“Depositor”:
BMO Commercial Mortgage Securities LLC, a Delaware limited liability company, together with its successors-in-interest.

 

“Depository”:
The Depository Trust Company or a successor appointed by the Certificate Registrar (which appointment shall be at the direction
of the Depositor if the Depositor is legally able to do so).

 

“Depository
Participant”: A Person for whom, from time to time, the Depository effects book-entry transfers and pledges of securities
deposited with the Depository.

 

“Determination
Date”: The 6th day of each calendar month, but if such 6th day is not a Business Day, then the immediately succeeding
Business Day, beginning in March 2022. A Determination Date relates to the Distribution Date that occurs in the same calendar
month as such Determination Date.

 

“Directly
Operate”: With respect to any Foreclosed Property, the furnishing or rendering of services to the tenants thereof, that
are not customarily provided to tenants in connection with the rental of space “for occupancy only” within the meaning
of Treasury Regulations Section 1.512(b)-1(c)(5), the management or operation of such Foreclosed Property, the holding of
such Foreclosed Property primarily for sale to customers, the use of such Foreclosed Property in a trade or business conducted
by the Trust or the performance of any construction work on the Foreclosed Property (other than the completion of a building or
improvement, where more than 10% of the construction of such building or improvement was completed before default became imminent),
other than through an Independent Contractor; provided, however, that a Foreclosed Property will not be considered
to be Directly Operated solely because the Trust (or the Special Servicer on behalf of the Trustee on behalf of the Trust) establishes
rental terms, chooses tenants, enters into or renews leases, deals with taxes and insurance or makes decisions as to repairs or
capital expenditures with respect to such Foreclosed Property or takes other actions consistent with Treasury Regulations Section 1.856-4(b)(5)(ii).

 

“Disclosable
Special Servicer Fees”: With respect to the Mortgage Loan or any Foreclosed Property, any compensation or other remuneration
(including, without limitation, in the form of commissions, brokerage fees, rebates, and as a result of any other fee-sharing
arrangement) received or retained by the Special Servicer or any of its Affiliates that is paid by any Person (including, without
limitation, the Trust, the Borrower, the Property Manager, the Borrower Sponsors, any guarantor in respect of the Mortgage Loan
and any purchaser of the Trust Loan, any Companion Loan or any Foreclosed Property) in connection with the disposition, work-out
or foreclosure of the Mortgage Loan, the management or disposition of such Foreclosed Property and the performance by the Special
Servicer or any such Affiliate of any other special servicing duties under this Agreement, other than (i) Permitted Special
Servicer/Affiliate Fees, and (ii) any special servicing compensation and fees to which the Special Servicer is entitled under
this Agreement; provided, that any compensation and other remuneration that the Servicer (if it is also the Special Servicer
or an Affiliate thereof) is permitted to receive or retain pursuant to this Agreement in connection with its duties as Servicer
under this Agreement shall not constitute Disclosable Special Servicer Fees.

 

“Disclosure
Parties”: As defined in Section 8.14(c).

 

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“Disqualified
Non-U.S. Tax Person”: With respect to a Class R Certificate, (x) an entity treated as a U.S. partnership if
any of its partners, directly or indirectly (other than through a U.S. corporation) is (or is permitted to be under the partnership
agreement) a Disqualified Non-U.S. Tax Person; (y) any Non-U.S. Tax Person or agent thereof other than (i) a Non-U.S.
Tax Person that holds such Class R Certificate in connection with the conduct of a trade or business within the United States
and has furnished the transferor and the Certificate Administrator with an effective IRS Form W-8ECI or (ii) a Non-U.S.
Tax Person that has delivered to both the transferor and the Certificate Administrator an Opinion of Counsel of a nationally recognized
tax counsel to the effect that the transfer of such Class R Certificate to it is in accordance with the requirements of the
Code and the regulations promulgated thereunder and that such transfer of such Class R Certificate will not be disregarded
for federal income tax purposes under Treasury Regulations Section 1.860G-3; or (z) a U.S. Tax Person with respect to
which income from a Class R Certificate is attributable to a foreign permanent establishment or fixed base, within the meaning
of an applicable income tax treaty, of the transferee or any other U.S. Tax Person. Information necessary to compute an applicable
excise tax must be furnished to the IRS and to the requesting party within sixty (60) days of the request, and the Certificate
Administrator may charge a fee for computing and providing such information.

 

“Disqualified
Organization”: Either (a) the United States, a State, or any agency or instrumentality of any of the foregoing
(other than an instrumentality that is a corporation if all of its activities are subject to tax and, except for the Federal Home
Loan Mortgage Corporation, a majority of its board of directors is not selected by any such governmental unit), (b) a foreign
government, International Organization or agency or instrumentality of either of the foregoing, (c) an organization that
is exempt from tax imposed by Chapter 1 of the Code (including the tax imposed by Code Section 511 on unrelated business
taxable income) on any excess inclusions (as defined in Section 860E(c)(1)) of the Code with respect to the Class R
Certificates (except certain farmers’ cooperatives described in Section 521 of the Code), (d) rural electric and
telephone cooperatives described in Section 1381(a)(2) of the Code or (e) any other Person so designated by the Certificate
Administrator based upon an Opinion of Counsel to the effect that any transfer of a Class R Certificate to such person may
cause the Upper-Tier REMIC or the Lower-Tier REMIC to fail to qualify as a REMIC at any time that the Certificates are outstanding.
The terms “United States,” “State” and “International Organization” have the meanings
set forth in Section 7701 of the Code or successor provisions.

 

“Distribution
Account”: The account established and maintained by the Certificate Administrator pursuant to Section 3.5.

 

“Distribution
Date”: The 4th Business Day following each Determination Date, commencing in March 2022. The first Distribution Date
shall be March 11, 2022.

 

“Distribution
Date Statement”: As defined in Section  4.4(a).

 

“Dodd-Frank
Act”: The Dodd-Frank Wall Street Reform and Consumer Protection Act, as it may be amended from time to time.

 

“Eligible
Account”: A separate and identifiable account from all other funds held by the holding institution that is either (a) an
account or accounts maintained with a federal or state

 

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chartered depository institution or trust company which complies with the
definition of Eligible Institution, (b) a segregated trust account or accounts maintained with a federal or state chartered
depository institution or trust company acting in its fiduciary capacity, and which, in the case of a state chartered depository
institution or trust company, is subject to regulations substantially similar to 12 C.F.R. § 9.10(b), having in either case
a combined capital and surplus of at least $50,000,000 and is subject to supervision or examination by federal or state authority,
as applicable, and the long term unsecured debt obligations of which are rated at least “A2” by Moody’s and
“A” by DBRS Morningstar or (c) an account maintained with any other insured depository institution that is the
subject of a Rating Agency Confirmation or Companion Loan Rating Agency Confirmation, as applicable, from each Rating Agency and
Companion Loan Rating Agency for which the minimum rating is not met, with respect to any account listed in the clauses above,
or from each Rating Agency and Companion Loan Rating Agency, with respect to any account other than one listed in the clauses
above. An Eligible Account shall not be evidenced by a certificate of deposit, passbook or other instrument. If the holding institution
for an account ceases to meet the requirements of this definition for an “Eligible Account”, then the party responsible
for administering such account hereunder shall move such account to a holding institution meeting such requirements within 30 days.

 

“Eligible
Institution”: Means (a) either a depository institution or trust company insured by the Federal Deposit Insurance
Corporation, (i) the short-term unsecured debt obligations, deposit accounts or commercial paper of which are rated at least “P-1”
by Moody’s and “R-1 (low)” by DBRS Morningstar (or, if not rated by DBRS Morningstar, an equivalent rating by
two other NRSROs) in the case of letters of credit and accounts in which funds are held for 30 days or less, or (ii) in the case
of letters of credit and accounts in which funds are held for more than 30 days, the long-term unsecured debt obligations or deposit
accounts of which are rated at least “A2” by Moody’s and “A” by DBRS Morningstar (or, if not rated
by DBRS Morningstar, an equivalent rating by two other NRSROs); (b) an institution that is the subject of a Rating Agency
Confirmation from each Rating Agency; or (c) KeyBank National Association, provided (i) in the case of accounts in
which funds are held for thirty (30) days or less, the short-term unsecured debt obligations, deposit accounts or commercial
paper of KeyBank National Association are rated at least “P-1” by Moody’s and “R-1 (low)” by DBRS
Morningstar (or, if not rated by DBRS Morningstar, an equivalent rating by two other NRSROs) and (ii) in the case of accounts
in which funds are held for more than thirty (30) days,  the long-term unsecured debt obligations or deposit accounts of
KeyBank National Association are rated at least “A2” by Moody’s and “BBB(high)” by DBRS Morningstar
(or, if not rated by DBRS Morningstar, an equivalent rating by two other NRSROs).

 

“Eligible
Operating Advisor”: An entity (i) that is the special servicer or operating advisor on a commercial mortgage-backed
securities transaction rated by any of Moody’s, Fitch, KBRA, S&P and/or DBRS Morningstar but has not been the special
servicer or operating advisor on a transaction for which Moody’s, Fitch, KBRA, S&P and/or DBRS Morningstar has qualified,
downgraded or withdrawn its rating or ratings of, one or more classes of certificates for such transaction citing servicing concerns
with the special servicer or operating advisor, as applicable, as the sole or material factor in such rating action, (ii) that
(x) has been regularly engaged in the business of analyzing and advising clients in commercial mortgage-backed securities matters
and has at least five years of experience in collateral analysis and loss projections, and (y) has at least five years of experience
in commercial real estate asset management and experience in the workout

 

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and management of distressed commercial real estate assets,
(iii) that can and will make the representations and warranties set forth in Section 2.8(a) of this Agreement, (iv) that
is not (and is not Risk Retention Affiliated with) the Depositor, the Trustee, the Certificate Administrator, the Servicer, the
Special Servicer, any Loan Seller, the Controlling Class Representative, any Borrower Restricted Party, the Third Party Purchaser
or any of their respective Risk Retention Affiliates, (v) that has not been paid any fees, compensation or other remuneration
by any Special Servicer or successor Special Servicer (x) in respect of its obligations under this Agreement or (y) for
the recommendation of the replacement of the Special Servicer or the appointment of a successor special servicer to become the
Special Servicer and (vi) that does not directly or indirectly, through one or more Affiliates or otherwise, own any interest
in any Certificates or the Mortgage Loan, or otherwise have any financial interest in the securitization transaction to which
this Agreement relates, other than in fees from its role as Operating Advisor.

 

“Environmental
Indemnity”: As defined in the Mortgage Loan Agreement.

 

“Environmental
Law”: Any present or future federal, state or local law, statute, regulation or ordinance, any judicial or administrative
order or judgment thereunder, pertaining to health, industrial hygiene, hazardous substances or the environment, including, but
not limited to, each of the following, as enacted as of the date hereof or as hereafter amended: CERCLA; the Resource Conservation
and Recovery Act of 1976, 42 U.S.C. §§ 6901 et seq.; the Toxic Substance Control Act, 15 U.S.C. §§ 2601
et seq.; the Water Pollution Control Act (also known as the Clean Water Act, 22 U.S.C. §§ 1251 et seq.),
the Clean Air Act, 42 U.S.C. §§ 7401 et seq. and the Hazardous Materials Transportation Act, 49 U.S.C.
§§ 1801 et seq.

 

“Environmental
Report”: With respect to the Property, the “Phase I” and “Phase II,” if any, environmental
audit reports prepared and delivered to the Depositor in connection with the origination of the Mortgage Loan, or any subsequent
environmental report prepared on behalf of the Trust hereunder meeting the requirements of the American Society for Testing and
Materials.

 

“ERISA”:
The Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated thereunder.

 

“ERISA
Restricted Certificate”: Any Regular Certificate that, as of the date of a proposed transfer of such Certificate, is
not rated in one of the four highest generic ratings categories by a credit rating agency that meets the requirements of the Underwriter
Exemption. As of the Closing Date, the only ERISA Restricted Certificates are the Class E, Class F, Class G, and Class HRR Certificates.

 

“Euroclear”:
As defined in Section  5.2(a).

 

“Exchange
Act”: The Securities Exchange Act of 1934, as amended from time to time.

 

“FATCA”:
As defined in Section 4.2.

 

“FHLMC”:
The Federal Home Loan Mortgage Corporation or any successor thereto.

 

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“Final
Asset Status Report”: An Asset Status Report, together with such other data or supporting information provided by the
Special Servicer to any applicable Consenting Party, any applicable Consulting Party and, even if it is not a Consulting Party,
the Operating Advisor, which does not include any communications (other than the Final Asset Status Report) between the Special
Servicer, on the one hand, and either a Consenting Party or a Consulting Party, on the other hand, with respect to the Mortgage
Loan; provided, that no Asset Status Report shall be considered a Final Asset Status Report unless (i) any applicable
Consenting Party has either finally approved of and consented to the actions proposed to be taken in connection therewith, or
has exhausted all of its rights of approval or consent, or has been deemed to approve or consent to such action or (ii) the
Asset Status Report is labeled or otherwise communicated to the parties to which it is to be delivered as being final and is otherwise
being implemented by the Special Servicer in accordance with the terms of this Agreement.

 

“Fitch”:
Fitch Ratings, Inc. or its successor in interest. If neither Fitch Ratings, Inc. nor any successor remains in existence,
“Fitch” shall be deemed to refer to such other nationally recognized statistical rating agency or other comparable
Person reasonably designated by the Depositor, notice of which designation shall be given to the Trustee, the Certificate Administrator,
the Operating Advisor, the Servicer and the Special Servicer and specific ratings of Fitch herein referenced shall be deemed to
refer to the equivalent ratings of the party so designated.

 

“FNMA”:
The Federal National Mortgage Association or any successor thereto.

 

“Foreclosed
Property”: The Property or other Collateral securing the Mortgage Loan, title to which has been acquired by the Special
Servicer on behalf of the Trust and the Companion Loan Holder(s) through foreclosure, deed in lieu of foreclosure or otherwise
in the name of the Trustee or its nominee.

 

“Foreclosed
Property Account”: The account or accounts established and maintained by the Special Servicer pursuant to Section 3.6
and Section 3.14.

 

“Foreclosure
Proceeds”: Proceeds, net of any related expenses of the Servicer, Special Servicer, the Certificate Administrator and/or
the Trustee, received in respect of any Foreclosed Property (including, without limitation, proceeds from the operation or rental
of such Foreclosed Property) prior to the final liquidation of the Foreclosed Property.

 

“Global
Certificates”: As defined in Section 5.2(b).

 

“Guarantor”:
As defined in the Mortgage Loan Agreement.

 

“Guaranty”:
As defined in the Mortgage Loan Agreement.

 

“HRR
Interest”: The Class HRR Certificates (as a collective whole), which are purchased for cash by the Third Party Purchaser
from the Initial Purchasers on the Closing Date.

 

“HRR
Interest Transfer Restriction Period”: With respect to the HRR Interest, the period from the Closing Date to the earliest
of: (i) the date that is latest of (A) the date on which the aggregate unpaid principal balance of the Trust Loan has been reduced
to 33% of the aggregate unpaid principal balance of the Trust Loan as of the Cut-off Date, (B) the date on which the

 

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aggregate
outstanding Certificate Balance of the Principal Balance Certificates has been reduced to 33% of the aggregate outstanding Certificate
Balance of the Principal Balance Certificates as of the Closing Date, or (C) two (2) years after the Closing Date; (ii) the date
on which the Mortgage Loan is defeased in accordance with 12 CFR § 43.7(b)(8)(i); and (iii) the date on which the U.S. Credit
Risk Retention Rules have been officially abolished (and the securitization transaction contemplated by this Agreement is not
subject to any other applicable credit risk retention requirements under the Dodd-Frank Act) or, based on a written opinion of
counsel reasonably acceptable to the Depositor and the Retaining Sponsor, officially determined by the Regulatory Agencies to
be no longer applicable to the securitization transaction contemplated by this Agreement or the HRR Interest.

 

“Impermissible
Risk Retention Affiliate”: As defined in Section 3.33.

 

“Impermissible
TPP Affiliate”: As defined in Section 3.33.

 

“Indemnified
Party”: As defined in Section 6.6(b) or Section 8.12(b), as applicable.

 

“Indemnifying
Party”: As defined in Section 6.6(b) or Section 8.12(b), as applicable.

 

“Independent”:
When used with respect to any specified Person, such a Person who (i) does not have any direct financial interest or any
material indirect financial interest in the Depositor, the Servicer, the Special Servicer, the Trustee, the Certificate Administrator,
the Operating Advisor, the Controlling Class Representative, the Borrower Related Parties or in any of their respective Affiliates
and (ii) is not connected with the Depositor, the Servicer, the Special Servicer, the Trustee, the Certificate Administrator,
the Operating Advisor, the Controlling Class Representative, the Borrower Related Parties or any of their respective Affiliates
as an officer, employee, promoter, underwriter, trustee, partner, director or person performing similar functions.

 

“Independent
Appraiser”: An Independent professional real estate appraiser who (i) is a member in good standing of the Appraisal
Institute, (ii) if the state in which the Property or Foreclosed Property is located certifies or licenses appraisers, is
certified or licensed in such state, and (iii) has a minimum of five (5) years’ experience in the appraisal of comparable
properties in the geographic area in which the Property or Foreclosed Property is located.

 

“Independent
Contractor”: Either (i) any Person (other than the Special Servicer or Servicer) that would be an “independent
contractor” with respect to the Lower-Tier REMIC within the meaning of Section 856(d)(3) of the Code if such REMIC
were a real estate investment trust (except that the ownership test set forth in that Section of the Code will be considered
to be met by any Person that owns, directly or indirectly, 35% or more of any Class of Certificates or 35% or more of the aggregate
value of all Classes of Certificates or such other interest in the Certificates as is set forth in an Opinion of Counsel, which
will, at no expense to the Trustee, the Certificate Administrator, the Special Servicer, the Servicer or the Trust, be delivered
to the Trustee, the Certificate Administrator, the Special Servicer or the Servicer on behalf of the Trustee); provided
that neither the Lower-Tier REMIC nor the Upper-Tier REMIC receives or derives any income from such Person and the relationship
between such Person and such REMIC is at arm’s length,

 

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all within the meaning of Treasury Regulations Section 1.856-4(b)(5),
or (ii) any other Person (including the Special Servicer or the Servicer) if the Trustee and the Certificate Administrator
(or the Servicer or the Special Servicer on behalf of the Trustee) has received an Opinion of Counsel which shall, at no expense
to the Trustee, the Certificate Administrator, the Special Servicer, the Servicer (unless the Special Servicer or the Servicer
is providing the Opinion of Counsel with respect to itself) or the Trust, be to the effect that the taking of any action in respect
of any Foreclosed Property by such Person, subject to any conditions therein specified, that is otherwise herein contemplated
to be taken by an Independent Contractor will not cause such Foreclosed Property to cease to qualify as “foreclosure property”
within the meaning of Section 860G(a)(8) of the Code (determined without regard to the exception applicable for purposes
of Section 860D(a) of the Code), or cause any income realized in respect of such Foreclosed Property to fail to qualify as
Rents from Real Property.

 

“Initial
Certificate Balance”: As defined in the Introductory Statement.

 

“Initial
Notional Amount”: As defined in the Introductory Statement.

 

“Initial
Interest Deposit Amount”: With respect to the Trust Loan, an amount equal to two days of interest on the Cut-off Date
Balance of the Trust Loan, at the related Net Mortgage Rate, which amount is required to be delivered by the Loan Sellers to the
Servicer on the Closing Date for deposit into the Collection Account pursuant to Section 1 of the Trust Loan Purchase Agreements.
The respective portions of the Initial Interest Deposit Amount payable by the Mortgage Loan Sellers pursuant to Section 1 of the
Trust Loan Purchase Agreements shall be $30,036.26 with respect to BMO and $30,036.26 with respect to SMC.

 

“Initial
Purchasers”: BMO Capital Markets Corp. and Drexel Hamilton, LLC, and their respective successors-in-interest.

 

“Inquiry”
and “Inquiries”: As defined in Section 4.5(a).

 

“Institutional
Accredited Investor”: An entity that is, or in which each of the equity owners is, an “accredited investor”
within the meaning of Rule 501(a) (1), (2), (3) or (7) under the Act.

 

“Insurance
Premiums”: As defined in the Mortgage Loan Agreement.

 

“Insurance
Proceeds”: (a) The portion of Net Proceeds paid as a result of a Casualty (as defined in the Mortgage Loan Agreement)
other than amounts to be applied to the restoration, preservation or repair of the Property or to be released to the Borrower
Related Parties each in accordance with the terms of the Mortgage Loan Agreement, or if not required to be so applied or so released
under the terms of the Mortgage Loan Agreement, Accepted Servicing Practices, (b) amounts paid by any insurer pursuant to
any insurance policy required to be maintained by the Servicer pursuant to Section 3.11, to the extent related to
this Agreement only or (c) any other amounts paid by an insurer pursuant to any insurance policy required to be maintained
by the Borrower Related Parties, to the extent allocable to the Mortgage Loan under the Mortgage Loan Documents.

 

    36

     

    

 

“Interest
Accrual Period”: As the context may require, (a) with respect to the Mortgage Loan, the Trust Loan or any Companion
Loan for any Payment Date, the applicable Mortgage Loan Interest Accrual Period, and (b) with respect to each Class of Regular
Certificates and each Uncertificated Lower-Tier Interest for any Distribution Date, the applicable Certificate Interest Accrual
Period.

 

“Interest
Distribution Amount”: With respect to any Distribution Date for any Class of Regular Certificates or any Uncertificated
Lower-Tier Interest, the sum of (i) the Current Interest Accrual Amount for such Distribution Date and such Class of Certificates
or such Uncertificated Lower-Tier Interest, as the case may be, and (ii) any Class Interest Shortfall in respect of the immediately
preceding Distribution Date for such Class of Certificates or such Uncertificated Lower-Tier Interest, as the case may be.

 

“Interest
Rate”: As defined in the Mortgage Loan Agreement.

 

“Interest
Reserve Account”: As defined in Section 3.3(b).

 

“Interested
Person”: As defined in Section 3.16(a)(ii).

 

“Investment”:
Any direct or indirect ownership interest in the Certificates or in any security, note or other financial instrument related to
the Certificates or issued or executed by a Borrower Related Party, or any Affiliate of any of the Borrower Related Parties, a
loan directly or indirectly secured by any of the foregoing or a hedging transaction (however structured) that references or relates
to any of the foregoing.

 

“Investment
Account”: As defined in Section  3.8(a).

 

“Investment
Decisions”: Investment, trading, lending or other financial decisions, strategies or recommendations with respect to
Investments, whether on behalf of the Servicer or any Affiliate thereof, the Special Servicer or any Affiliate thereof, the Certificate
Administrator or any Affiliate thereof, as applicable, or any Person on whose behalf the Servicer or any Affiliate thereof or
the Special Servicer or any Affiliate thereof has discretion in connection with Investments.

 

“Investment
Personnel”: As defined in Section 6.5.

 

“Investor
Certification”: A certificate representing, among other things, that:

 

(i)
for purposes of access to information, the Person executing the certificate is a Certificateholder, a Beneficial Owner of a Certificate
or a prospective purchaser of a Certificate, the Controlling Class Representative, a Consenting Party, a Consulting Party or any
Companion Loan Holder or its representative, and that either (a) such Person is not a Borrower Restricted Party, in which
case such person will be required to execute and deliver an Investor Certification substantially in the form included hereto as
Exhibit K-1, and will have access to all the reports and information made available to such Privileged Persons under
this Agreement, or (b) such Person is a Borrower Restricted Party, in which case such person will be required to execute
and deliver an Investor Certification substantially in the form

 

    37

     

    

 

included
hereto as Exhibit K-2, and will only receive access to the Distribution Date Statements prepared by the Certificate
Administrator; and/or

 

(ii) for
purposes of exercising Voting Rights, the Person executing the certificate is a Certificateholder or a Beneficial Owner of a Certificate,
and that such Person (A) is not either (1) the Depositor, the Servicer, the Special Servicer, the Certificate Administrator,
the Trustee, the Operating Advisor or any of their sub-servicers or respective Affiliates, or (2) a Borrower Restricted Party,
or (B) is exercising such Voting Rights in connection with an amendment to this Agreement or other matter regarding which
its Certificates are deemed outstanding pursuant to the definition of “Certificateholder”.

 

Each
of the Trustee and the Certificate Administrator may conclusively rely on any Investor Certification provided to it by an unrelated
Person and may require that Investor Certifications are resubmitted from time to time in accordance with its policies and procedures.

 

“Investor
Q&A Forum”: As defined in Section 4.5(a).

 

“Investor
Registry”: As defined in Section 4.5(b).

 

“IRS”:
The Internal Revenue Service.

 

“Junior
Trust Note”: As defined in the Preliminary Statement.

 

“KBRA”:
Kroll Bond Rating Agency, LLC or its successors in interest. If neither Kroll Bond Rating Agency, LLC nor any successor remains
in existence, “KBRA” shall be deemed to refer to such other nationally recognized statistical rating agency or other
comparable Person reasonably designated by the Depositor, notice of which designation shall be given to the Servicer, the Special
Servicer, the Operating Advisor, the Trustee and the Certificate Administrator and specific ratings of KBRA herein referenced
shall be deemed to refer to the equivalent ratings of the party so designated.

 

“Lease”:
As defined in the Mortgage Loan Agreement.

 

“Leasing
Agreement”: As defined in the Mortgage Loan Agreement.

 

“Lender”:
BMO and SMC, as originators and initial holders of the Mortgage Loan, and their respective successors and assigns in such capacity.

 

“Liquidated
Property”: The Property or Foreclosed Property, if it has been liquidated.

 

“Liquidation
Expenses”: Reasonable and customary expenses (other than expenses covered by any insurance policy) incurred by the Servicer,
the Special Servicer, the Certificate Administrator or the Trustee in connection with the liquidation of the Property or the sale
of the Mortgage Loan, such expenses including, without limitation, legal fees and expenses, appraisal fees, brokerage fees and
commissions, conveyance taxes and trustee and co-trustee fees, if any. Liquidation Expenses shall not include any previously incurred
expenses that have been previously

 

    38

     

    

 

reimbursed to the party incurring the same or that were netted against income from any Foreclosed
Property and were considered in the calculation of the amount of Foreclosure Proceeds pursuant to the definition thereof.

 

“Liquidation
Fee”: A fee payable to the Special Servicer with respect to each Liquidated Property or the liquidation of the Mortgage
Loan (including, without limitation, all or any portion thereof that constitutes an REO Mortgage Loan), whether through judicial
foreclosure, sale or otherwise, or in connection with the sale, discounted pay-off or other liquidation of the Mortgage Loan or
Foreclosed Property, as to which the Special Servicer receives any Liquidation Proceeds, Insurance Proceeds and Condemnation Proceeds
equal to the product of the Liquidation Fee Rate and the Net Liquidation Proceeds, Insurance Proceeds and Condemnation Proceeds
related to such Liquidated Property, liquidated Mortgage Loan or Foreclosed Property. The Special Servicer shall not be entitled
to receive a Liquidation Fee in connection with: (i) a repurchase by a Loan Seller of its Loan Seller Percentage Interest
in the Trust Loan pursuant to the related Trust Loan Purchase Agreement (so long as such repurchase occurs within the cure period
required under the related Trust Loan Purchase Agreement which cure period will not exceed 180 days); (ii) a sale of
the Trust Loan, any Companion Loan or any Foreclosed Property by the Special Servicer to itself; (iii) a purchase of the
Mortgage Loan by a mezzanine lender pursuant to the purchase option included in the related mezzanine intercreditor agreement
or similar agreement; provided that the Mortgage Loan is purchased within 90 days of the date on which the applicable
purchase option notice was given to the applicable mezzanine lender; provided, that for the avoidance of doubt, if there
are one or more purchase option notices that are delivered subsequent to the initial purchase option notice, as long as the event
that resulted in the first purchase option notice has, within the 90 day period from the date the applicable purchase option notice
was given to the related mezzanine lender, ceased, been cured, been waived by the Servicer or Special Servicer in writing, or
otherwise is no longer in effect, such 90-day period shall commence on the date of any subsequent purchase option notice given
to the related mezzanine lender; (iv) a purchase of the Trust Loan, a Companion Loan or any Foreclosed Property by the Controlling
Class Representative or any affiliate thereof, if such purchase occurs within 90 days after the later of (x) the date
on which the Special Servicer first delivers to the Controlling Class Representative for its approval the initial Asset Status
Report and (y) the date on which the Special Servicing Loan Event that triggered the Asset Status Report occurred; or (v) the
making of a Loss of Value Payment as contemplated by Section 2.9 of this Agreement unless the related Loan Seller
does not make the particular Loss of Value Payment with respect to the Trust Loan until after more than 180 days following
its receipt of notice or discovery of the Material Breach or Material Document Defect that gave rise to the payment of the particular
Loss of Value Payment. Further notwithstanding the above, all Liquidation Fees and Work-out Fees payable with respect to the Mortgage
Loan or the Property shall be offset by any Modification Fees collected or earned by the Special Servicer with respect to the
Mortgage Loan in connection with any modification, restructure, extension, waiver, amendment or work-out of the Mortgage Loan,
but only to the extent those fees have not previously been deducted from a Work-out Fee or Liquidation Fee.

 

“Liquidation
Fee Rate”: A rate equal to 0.50% (50 basis points).

 

“Liquidation
Proceeds”: (i) Amounts (other than Insurance Proceeds and Condemnation Proceeds) received by the Special Servicer
and/or the Certificate Administrator in connection with the liquidation of the Property, whether through judicial foreclosure,
sale or

 

    39

     

    

 

otherwise, or in connection with the sale, discounted payoff or other liquidation of the Mortgage Loan (other than amounts
required to be paid to the Borrower Related Parties pursuant to law or the terms of the Mortgage Loan Agreement), including the
proceeds of any full, partial or discounted payoff of the Mortgage Loan (exclusive of any portion of such payoff or proceeds that
represents Default Interest or late payment charges) and (ii) any Loss of Value Payments paid by a Loan Seller pursuant to
Section 2.9 of this Agreement, but only upon (and to the extent of) deposit thereof in the Collection Account in accordance
with Section 3.4 (provided that, for the purpose of determining the amount of the Liquidation Fee (if any)
payable to the Special Servicer in connection with such Loss of Value Payment, the full amount of such Loss of Value Payment shall
be deemed to constitute “Liquidation Proceeds” from which the Liquidation Fee (if any) is payable as of such time
such Loss of Value Payment is made by the applicable Loan Seller) and (iii) proceeds of any Threshold Event Collateral deposited
in the Distribution Account in accordance with the penultimate sentence of Section 3.7(i).

 

“Loan”:
As defined in the Mortgage Loan Agreement.

 

“Loan
Portion”: With respect to the Trust Loan and any Loan Seller, the portion of the Trust Loan evidenced by (i) in the
case of BMO, Note A-1 and Note B-1 and (ii) in the case of SMC, Note A-2 and Note B-2.

 

“Loan
Seller”: Each of BMO and SMC, and their respective successors in interest.

 

“Loan
Seller Percentage Interest”: With respect to any Loan Seller, the portion of the Trust Loan (including all or any portion
thereof constituting an REO Trust Loan), expressed as a percentage, represented by such Loan Seller’s Loan Portion.

 

“Loan
Seller Sub-Servicer”: A Sub-Servicer required to be retained by the Servicer by any Loan Seller, as listed on Exhibit
U to this Agreement, or any successor thereto.

 

“Loss
of Value Payment”: As defined in Section 2.9(g) of this Agreement.

 

“Loss
of Value Reserve Fund”: The “outside reserve fund” (within the meaning of Treasury Regulations Section 1.860G-2(h))
designated as such pursuant to Section 3.4(e) of this Agreement. The Loss of Value Reserve Fund will be part of the
Trust Fund but not part of any Trust REMIC.

 

“Lower-Tier
Distribution Account”: A subaccount of the Distribution Account, which will be an asset of the Trust Fund and the Lower-Tier
REMIC.

 

“Lower-Tier
Distribution Amount”: As defined in Section 4.1(e).

 

“Lower-Tier
Principal Amount”: With respect to any Uncertificated Lower-Tier Interest at any date, an amount equal to (1) the
Original Lower-Tier Principal Amount of such Uncertificated Lower-Tier Interest as specified in the Introductory Statement, less
(2) the sum of (a) all amounts deemed distributed with respect to such Uncertificated Lower-Tier Interest on all previous
Distribution Dates pursuant to Section 4.1(c) that represent deemed distributions of principal, and (b) the aggregate
amount of Realized Losses deemed allocated to such Uncertificated Lower-Tier Interest, if any, on all previous Distribution Dates
pursuant to

 

    40

     

    

 

Section 4.1(j). For the avoidance
of doubt, the Lower-Tier Principal Amount of any Uncertificated Lower-Tier Interest at any date shall equal the then Certificate
Balance of the Class of Related Certificates.

 

“Lower-Tier
REMIC”: One of two separate REMICs comprising the Trust Fund, the assets of which consist of all of the assets of the
Trust Fund other than (i) the Loss of Value Reserve Fund, (ii) any Threshold Event Collateral and (iii) the assets of the
Upper-Tier REMIC.

 

“MAI”:
Members of the Appraisal Institute.

 

“Major
Decision”: Any of the following:

 

(i)        
any substitution or release of real property collateral for the Mortgage Loan (other than substitutions or releases of immaterial
and non-income producing real property collateral or in connection with a condemnation action) except as expressly permitted by
the Mortgage Loan Documents;

 

(ii)       
any waiver of or determination not to enforce a “due-on-sale” or “due-on-encumbrance” clause (unless such
clause is not exercisable under applicable law or such exercise is reasonably likely to result in successful legal action by the
Borrower);

 

(iii)      
any transfer of the Property or any portion of the Property, or any transfer of any direct or indirect ownership interest in the
Borrower to the extent the lender’s consent under the Mortgage Loan Documents is required, except in each case as expressly
permitted by the Mortgage Loan Documents, or in connection with a pending or threatened condemnation;

 

(iv)     
any consent to incurrence of additional debt by the Borrower or mezzanine debt by a direct or indirect parent of the Borrower,
including modification of the terms of any document evidencing or securing any such additional debt and of any intercreditor or
subordination agreement executed in connection therewith and any waiver of or amendment or modification to the terms of any such
document or agreement, in each case to the extent the mortgagee’s approval is required by the Mortgage Loan Documents;

 

(v)      
any Property Manager changes including, without limitation, approval of the termination or replacement of the Property Manager
(excluding, for the avoidance of doubt, replacement of the Property Manager with a Qualified Manager as permitted under the Mortgage
Loan Documents) and/or modification, waiver or amendment of any Management Agreement, subordination, non-disturbance and attornment
agreement or recognition agreement, in each case, to the extent the mortgagee’s approval is required by the Mortgage Loan
Documents;

 

(vi)     
any proposed or actual foreclosure upon or comparable conversion (which shall include an acquisition of a Foreclosed Property)
of the ownership of the Property;

 

    41

     

    

 

(vii)   
any amendment, modification or waiver, or any consent to an amendment, modification or waiver, of any monetary term (other than
late fees and Default Interest but including, without limitation, the timing of payments and the acceptance of discounted pay-offs)
or material non-monetary term of the Mortgage Loan or any extension of the Maturity Date of the Mortgage Loan that is not expressly
permitted pursuant to the terms of the Mortgage Loan Documents without the consent of the Mortgage Lender;

 

(viii)     
following a default with respect to the Mortgage Loan or a Mortgage Loan Event of Default, any exercise of remedies, including
the acceleration of the Mortgage Loan or initiation of judicial, bankruptcy or similar proceedings under the Mortgage Loan Documents
or with respect to the Borrower or the Property;

 

(ix)      
any sale of the Trust Loan for less than the Repurchase Price or any Foreclosed Property for less than the outstanding principal
balance of the Mortgage Loan;

 

(x)       
any determination to bring the Property or a Foreclosed Property into compliance with applicable environmental laws or to otherwise
address hazardous material located at the Property or a Foreclosed Property;

 

(xi)      
(A) any modification, waiver or amendment of any mezzanine intercreditor agreement, co-lender agreement or any other intercreditor
agreement, participation agreement or similar agreement with any mezzanine lender or subordinate debt holder related to the Mortgage
Loan, or (B) an action to enforce rights with respect thereto;

 

(xii)      
releases of any 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 Mortgage Loan and for which there is no material Lender discretion;

 

(xiii)    
any acceptance of an assumption agreement or any other agreement permitting transfers of interests in the Borrower or releasing
the Borrower or other obligor from liability under the Mortgage Loan or the Mortgage Loan Documents other than pursuant to the
specific terms of such Mortgage Loan Documents and for which there is no Lender discretion;

 

(xiv)   
any proposed modification or waiver of any provision of the Mortgage Loan Documents governing the type, nature or amount of insurance
coverage required to be obtained and maintained by the Borrower;

 

(xv)     
any determination of an Acceptable Insurance Default under the Mortgage Loan Documents;

 

(xvi)    
the execution, termination or renewal of any lease or ground lease, to the extent Lender approval is required under the Mortgage
Loan Documents and to the extent such lease constitutes a “major lease” under the Mortgage Loan

 

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Documents, including
entering into any subordination, non-disturbance and attornment agreement with respect to such “major lease”;

 

(xvii)   
approval of casualty or condemnation settlements, any determination to apply casualty or condemnation proceeds or awards to the
reduction of the Mortgage Loan debt rather than to Property restoration;

 

(xviii)  
any adoption or implementation of the annual budget, to the extent the mortgagee’s approval is required by the Mortgage
Loan Documents;

 

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

 

(xx)     
the exercise of the rights and powers granted under any mezzanine intercreditor agreement (or any other intercreditor agreement
referenced in clause (xi) above) to the “Senior Lender” or such other similar term as shall be set forth
therein and/or the “Servicer” referred to therein, if and to the extent such rights or powers affect the priority,
payments, consent rights or security interest with respect to the “Senior Lender” or such other similar term;

 

(xxi)    
any determination by the Servicer or the Special Servicer to transfer the Mortgage Loan to the Special Servicer with respect to
any default or Mortgage Loan Event of Default which is anticipated but has not yet occurred;

 

(xxii)   
the approval of, engagement or retention of any property improvement plan consultant and the approval of any work or reserve estimates
by any property improvement plan consultant;

 

(xxiii)  
any enforcement of any cure right or the exercise of any remedies under any management agreement, subordination and non-disturbance,
comfort letter, recognition agreement or similar agreement related thereto; and

 

(xxiv ) 
to the extent not already set forth above, solely with respect to the Operating Advisor’s non-binding consultation rights,
(A) any material modification of, or waiver with respect to, any provision of any Mortgage Loan Document (including the Mortgage),
(B) foreclosure upon or comparable conversion of the ownership of the Property; and (C) any acquisition of the Property (provided,
however, that for so long as a CCR Control Termination Event has occurred and is continuing but no CCR Consultation Termination
Event has occurred and is continuing, the Controlling Class Representative will, to the extent not already set forth above, have
consultation rights with respect to the matters specified in this clause (xxiv))

 

“Major
Decision Reporting Package”: With respect to any Major Decision, (i) a written report prepared by the Special Servicer
describing in reasonable detail (1) the background and circumstances requiring action of the Special Servicer, (2) the proposed
course of action recommended, and (3) information regarding any direct or indirect conflict of interest in the subject action,
and (ii) all information in the possession of the Special Servicer that is reasonably requested

 

    43

     

    

 

by the party receiving such Major
Decision Reporting Package in order for such party to exercise any consultation or consent rights available to such party under
this Agreement.

 

“Majority
Controlling Class Certificateholders”: The Holder(s) or Beneficial Owner(s) of Certificates representing more than
50% of the Certificate Balance of the Controlling Class.

 

“Management
Agreement”: As defined in the Mortgage Loan Agreement.

 

“Material
Breach”: As defined in the Trust Loan Purchase Agreements.

 

“Material
Document Defect”: As defined in the Trust Loan Purchase Agreements.

 

“Maturity
Date”: As defined in the Mortgage Loan Agreement.

 

“Mezzanine
Borrower”: As defined in the Mortgage Loan Agreement.

 

“Mezzanine
Intercreditor Agreement”: The intercreditor agreement dated as of February 4, 2022, between the Lender and the Mezzanine
Lenders, relating to the rights of the Lender and the Mezzanine Lender with respect to the Mortgage Loan and the Mezzanine Loan,
as the same may be amended, restated, replaced, supplemented or modified from time to time in accordance with the terms thereof.

 

“Mezzanine
Lender”: As defined in the Mortgage Loan Agreement.

 

“Mezzanine
Loan”: As defined in the Mortgage Loan Agreement.

 

“Mezzanine
Loan Agreement”: As defined in the Mortgage Loan Agreement.

 

“Modification
Fees”: With respect to the Mortgage Loan, any and all fees collected from the Borrower with respect to a modification,
extension, waiver or amendment that modifies, extends, amends or waives any term of the Mortgage Loan Documents (as evidenced
by a signed writing) agreed to by the Servicer or the Special Servicer, other than (a) any Consent Fees, loan service transaction
fees, defeasance fees, assumption fees or assumption application fees, if any, and (b) any Liquidation Fee, Work-out Fee
or Special Servicing Fee. All Modification Fees collected or earned by the Special Servicer with respect to the Mortgage Loan
in connection with any modification, restructure, extension, waiver, amendment or work-out of the Mortgage Loan shall offset any
Work-out Fees or Liquidation Fees payable with respect to the Mortgage Loan or the Property.

 

“Monthly
Interest Payment”: A “Monthly Debt Service Payment Amount” as defined in the Mortgage Loan Agreement.

 

“Monthly
Interest Payment Advance”: Any advance made by the Servicer or the Trustee in respect of the Trust Loan pursuant to
Section  3.23(a) or 3.23(c) as applicable. Each reference to the reimbursement or payment of a Monthly Interest
Payment Advance will be deemed to include, whether or not specifically referred to, payment or reimbursement of interest thereon

 

    44

     

    

 

at the Advance Interest Rate, compounded annually, through the date preceding the date of payment or reimbursement.

 

“Moody’s”:
Moody’s Investors Service, Inc., or its successor-in-interest. If neither Moody’s Investors Service, Inc. nor
any successor remains in existence, “Moody’s” shall be deemed to refer to such other nationally recognized statistical
rating agency or other comparable Person reasonably designated by the Depositor, notice of which designation shall be given to
the Servicer, the Special Servicer, the Operating Advisor, the Trustee and the Certificate Administrator and specific ratings
of Moody’s herein referenced shall be deemed to refer to the equivalent ratings of the party so designated.

 

“Mortgage”:
The “Mortgage” as defined in the Mortgage Loan Agreement.

 

“Mortgage
Loan”: As defined in the Introductory Statement hereto.

 

“Mortgage
Loan Agreement”: As defined in the Introductory Statement hereto.

 

“Mortgage
Loan Documents”: All documents executed or delivered by the Borrower Related Parties evidencing, securing or guarantying
the Mortgage Loan and any amendment thereof or thereafter or subsequently added to the Mortgage Loan File, including without limitation
the Mortgage Loan Agreement.

 

“Mortgage
Loan Event of Default”: An “Event of Default” as defined under the Mortgage Loan Documents.

 

“Mortgage
Loan File”: As defined in Section 2.1(b) and any additional documents required to be added to the Mortgage
Loan File pursuant to this Agreement.

 

“Mortgage
Loan Interest Accrual Period”: The “Interest Period” as defined in the Mortgage Loan Agreement.

 

“Net
Foreclosure Proceeds”: With respect to each related Foreclosed Property, the Foreclosure Proceeds with respect to such
related Foreclosed Property net of any insurance premiums, taxes, assessments, ground rents and other costs permitted to be paid
therefrom pursuant to Section 3.14.

 

“Net
Investment Earnings”: With respect to any Investment Account for any period from any Distribution Date to the immediately
succeeding Remittance Date, the amount, if any, by which the aggregate of all interest and other income realized during such period
on funds relating to the Trust Fund held in such account, exceeds the aggregate of all losses, if any, incurred during such period
in connection with the investment of such funds in accordance with Section 3.8.

 

“Net
Liquidation Proceeds”: The excess of Liquidation Proceeds received with respect to the Property or the Mortgage Loan
over the amount of Liquidation Expenses incurred with respect thereto.

 

“Net
Mortgage Rate”: With respect to the Trust Loan (including if the Property becomes a Foreclosed Property) or any particular
Trust Loan Note, a per annum rate equal to the

 

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Interest Rate with respect to the Trust Loan or such Trust Loan Note minus
the Administrative Fee Rate.

 

“Net
Proceeds”: As defined in the Mortgage Loan Agreement.

 

“New
Non-Consolidation Opinion”: Any non-consolidation opinion required to be delivered after the Origination Date pursuant
to the Mortgage Loan Agreement.

 

“Non-Book
Entry Certificates”: As defined in Section 5.2(c).

 

“Nondisqualification
Opinion”: An Opinion of Counsel, prepared at the Trust’s expense and payable from the Collection Account, that
a contemplated action will not cause (i) either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC
or (ii) a “prohibited transaction” or “prohibited contributions” tax to be imposed on either the
Lower-Tier REMIC or the Upper-Tier REMIC at any time that any Certificates are outstanding.

 

“Nonrecoverable
Advance”: Any Advance (or portion thereof) previously made and not previously reimbursed, or proposed to be made, including
interest on such Advance (or portion thereof), which, in accordance with Accepted Servicing Practices (in the case of the Servicer
and the Special Servicer) or good faith and reasonable business judgment (in the case of the Trustee) would not be ultimately
recoverable from subsequent payments or collections (including Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds)
in respect of the Mortgage Loan or the Property (or, in the case of Monthly Interest Payment Advances and Administrative Advances,
the Trust Loan or the Trust’s interest in the Property), or from funds on deposit in the Collection Account. The Trustee
may rely conclusively upon a determination of non-recoverability made by the Servicer or the Special Servicer. In making a non-recoverability
determination, the Servicer, the Special Servicer or the Trustee, as applicable, shall be entitled to consider (among other things)
the items set forth in the second sentence of Section 3.23(e).

 

“Non-Reduced
Certificates”: As of any date of determination, any Class of Principal Balance Certificates then outstanding for which
(a) (1) the Initial Certificate Balance of such Class of Certificates minus (2) the sum (without duplication) of
(x) any payments of principal (whether as principal prepayments or otherwise) previously distributed to the Certificateholders
of such Class of Certificates, (y) any Appraisal Reduction Amount then allocated to such Class of Certificates as of the
date of determination and (z) any Realized Losses previously allocated to such Class of Certificates, is equal to or greater
than (b) 25% of the remainder of (i) the Initial Certificate Balance of such Class of Certificates less (ii) any
payments of principal (whether as principal prepayments or otherwise) previously distributed to the Certificateholders of such
Class of Certificates.

 

“Non-Restricted
Privileged Person”: Any Privileged Person other than (i) a Borrower Restricted Party, (ii) an affiliate of
a Borrower Restricted Party, (iii) an agent of one or more of the foregoing individuals or entities, or (iv) any other
Person that delivers an Investor Certification substantially in the form of Exhibit K-2.

 

“Non-U.S.
Beneficial Ownership Certification”: As defined in Section 5.3(f).

 

“Non-U.S.
Securities Person”: A person that is not a U.S. Securities Person.

 

    46

     

    

 

“Non-U.S.
Tax Person”: A Person that is not a U.S. Tax Person.

 

“Note”:
As defined in the Introductory Statement.

 

“Note
Splitter and Modification Agreement”: That certain Note Splitter Agreement, dated and effective as of February 4, 2022,
by and between Borrower, BMO and SMC.

 

“Notional
Amount”: With respect to the Class X Certificates, as of any date of determination, the Class X Notional Amount. With
respect to any individual Class X Certificate, as of any date of determination, the product of (x) the Percentage Interest represented
by such Certificate, multiplied by (y) the Class X Notional Amount as of such date of determination.

 

“NRSRO”:
Any “nationally recognized statistical rating organization”, as such term is used in Rule 17g-5 of the Exchange
Act including, but not limited to, the Rating Agencies.

 

“NRSRO
Certification”: A certification in the form of Exhibit M executed by a NRSRO (other than any Rating Agency)
in favor of the 17g-5 Information Provider that states that such NRSRO has provided the Depositor with the appropriate certifications
under Exchange Act Rule 17g-5(e) and that such NRSRO will keep any information obtained from the Certificate Administrator’s
Website and the 17g-5 Information Provider’s Website confidential except to the extent such information has been made available
to the general public. Each NRSRO shall be deemed to recertify to the foregoing each time it accesses the Certificate Administrator’s
Website or the 17g-5 Information Provider’s Website.

 

“Offering
Circular”: The Offering Circular, dated February 4, 2022 for the Certificates.

 

“Officer’s
Certificate”: A certificate signed by (i) the Chairman of the Board, the Vice Chairman of the Board, the President
or a Vice President (however denominated), the Treasurer, the Secretary, one of the Assistant Treasurers or Assistant Secretaries,
any Servicing Officer, Responsible Officer or other officer of the Servicer, the Special Servicer, the Operating Advisor, the
Depositor, any Loan Seller or any other entity referred to herein, as the case may be, customarily performing functions similar
to those performed by any of the above designated officers and also with respect to a particular matter, any other officer to
whom such matter is referred because of such officer’s knowledge of and familiarity with the particular subject and (ii) with
respect to the Certificate Administrator and the Trustee, a Responsible Officer.

 

“Open
Prepayment Date”: As defined in the Mortgage Loan Agreement.

 

“Operating
Advisor”: Pentalpha Surveillance LLC, in its capacity as operating advisor, or its successor in interest, or if any
successor Operating Advisor is appointed as herein provided, such successor Operating Advisor.

 

“Operating
Advisor Annual Report”: As defined in Section 9.5(d) of this Agreement.

 

“Operating
Advisor Consulting Fee”: A fee for each Major Decision on which the Operating Advisor has consultation rights equal
to $10,000, or such lesser amount as the Borrower

 

    47

     

    

 

pays, payable pursuant to Section 3.4(c)(vii) of this Agreement;
provided, that the Operating Advisor Consulting Fee shall be payable only to the extent such fee is actually received from
the Borrower as a separately identifiable fee; provided, further that the Operating Advisor may in its sole discretion
reduce the Operating Advisor Consulting Fee with respect to any Major Decision; and provided, further that the Servicer
or Special Servicer, as applicable, may waive or reduce the amount of any Operating Advisor Consulting Fee payable by the Borrower
if it determines that such full or partial waiver is in accordance with Accepted Servicing Practices (provided that the
Servicer or the Special Servicer, as applicable, shall consult with the Operating Advisor on a non-binding basis prior to any
such waiver or reduction).

 

“Operating
Advisor Consultation Trigger Event”: The event that occurs when the outstanding Certificate Balance of the Class HRR
Certificates (as notionally reduced by any Appraisal Reduction Amount then allocable to the Class HRR Certificates in accordance
with Section 3.7(c) of this Agreement) is 25% or less of the initial Certificate Balance of the Class HRR Certificates.

 

“Operating
Advisor Fee”: A fee payable monthly to the Operating Advisor pursuant to Section 9.5, that will accrue at the
Operating Advisor Fee Rate, computed on the basis of the same principal amount, on the same interest accrual basis, and for the
same Interest Accrual Period respecting which any related interest payment on the Trust Loan is computed. For the avoidance of
doubt, the Operating Advisor Fee will be deemed payable from the Lower-Tier REMIC.

 

“Operating
Advisor Fee Rate”: A rate of 0.00644% (0.644 basis points) per annum.

 

“Operating
Advisor Standard”: As defined in Section 9.5(b) of this Agreement.

 

“Operating
Advisor Termination Event”: As defined in Section 9.8(a) of this Agreement.

 

“Opinion
of Counsel”: A written opinion of counsel, who may, without limitation, be counsel for the Depositor, the Servicer,
the Special Servicer or the Operating Advisor, reasonably acceptable to the Trustee and the Certificate Administrator.

 

“Original
Lower-Tier Principal Amount”: With respect to any Class of Uncertificated Lower-Tier Interests, the initial Lower-Tier
Principal Amount thereof as of the Closing Date, in each case as specified in the Introductory Statement.

 

“Origination
Date”: February 4, 2022.

 

“Other
Asset Representations Reviewer”: Any party acting as “asset representations reviewer” (within the meaning
of Item 1101(m) of Regulation AB) under an Other Pooling and Servicing Agreement.

 

“Other
Depositor”: With respect to an Other Securitization Trust, the related “depositor” (within the meaning of
Item 1101(e) of Regulation AB).

 

    48

     

    

 

“Other
Exchange Act Reporting Party”: With respect to any Other Securitization Trust that is subject to the reporting requirements
of the Exchange Act, the trustee, certificate administrator, master servicer, special servicer or depositor under the related
Other Pooling and Servicing Agreement that is responsible for the preparation and/or filing of Form 8-K, Form 10-D and Form 10-K
with respect to such Other Securitization Trust, as identified in writing to the parties to this Agreement; and, with respect
to any Other Securitization Trust that is not subject to the reporting requirements of the Exchange Act, the trustee, certificate
administrator, master servicer, special servicer or depositor under the related Other Pooling and Servicing Agreement that is
responsible for the preparation and/or dissemination of periodic distribution date statements or similar reports, as identified
in writing to the parties to this Agreement.

 

“Other
Operating Advisor”: The applicable other “operating advisor” under an Other Pooling and Servicing Agreement
relating to a Companion Loan.

 

“Other
Operating Advisor Consultation Trigger Event”: With respect to any Regulation RR Other PSA, an “Operating Advisor
Consultation Trigger Event” (or analogous concept) under such related Regulation RR Other PSA. “Other Pooling and
Servicing Agreement”: The pooling and servicing agreement or other comparable agreement governing the creation of any
Other Securitization Trust and the issuance of Companion Loan Securities

 

“Other
Securitization Determination Date”: With respect to any Other Securitization Trust, the “determination date”
(or any term substantially similar thereto) as defined in the related Other Pooling and Servicing Agreement.

 

“Other
Securitization Trust”: Any “issuing entity” (within the meaning of Item 1101(f) of Regulation AB) that holds
any Companion Loan or REO Companion Loan (or any portion thereof or interest therein), as identified in writing to the parties
to this Agreement.

 

“Pass-Through
Rate”: With respect to each Class of Regular Certificates and each Uncertificated Lower-Tier Interest, the per annum
rate at which interest accrues on the Certificate Balance, Notional Amount or Lower-Tier Principal Amount, as applicable,
of such Class of Regular Certificates or such Uncertificated Lower-Tier Interest, as the case may be, as set forth in the Introductory
Statement.

 

“Payment
Date”: The “Monthly Payment Date” as defined in the Mortgage Loan Agreement.

 

“Percentage
Interest”: As to any Certificate, the percentage interest evidenced thereby in distributions required to be made with
respect to the related Class. With respect to any Certificate (other than a Class R Certificate), the percentage interest
is equal to the initial certificate balance or notional amount of such Certificate divided by the initial Certificate Balance
or Notional Amount of the related Class. With respect to any Class R Certificate, the percentage specified on the Certificate
held by the Holder of such Certificate.

 

“Performing
Mortgage Loan”: The Mortgage Loan when no Special Servicing Loan Event has occurred and is continuing.

 

“Permitted
Encumbrances”: As defined in the Mortgage Loan Agreement.

 

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“Permitted
Investments”: Any one or more of the following obligations or securities payable on demand or having a scheduled maturity
on or before the Business Day preceding the date upon which such funds are required to be drawn (provided that funds invested
by the Certificate Administrator in Permitted Investments managed or advised by the Certificate Administrator may mature on the
Distribution Date) and a maximum maturity of 365 days, regardless of whether issued by the Depositor, the Servicer, the Trustee,
the Certificate Administrator or any of their respective Affiliates and having at all times the required ratings, if any, provided
for in this definition, unless each Rating Agency and Companion Loan Rating Agency shall have provided a Rating Agency Confirmation
or Companion Loan Rating Agency Confirmation, as applicable, relating to the Certificates and Companion Loan Securities:

 

(i)          
obligations of, or obligations fully guaranteed as to payment of principal and interest by, the United States or any agency or
instrumentality thereof; provided such obligations are backed by the full faith and credit of the United States of America
including, without limitation, obligations of: the U.S. Treasury (all direct or fully guaranteed obligations), the Farmers Home
Administration (certificates of beneficial ownership), the General Services Administration (participation certificates), the U.S.
Maritime Administration (guaranteed Title XI financing), the Small Business Administration (guaranteed participation certificates
and guaranteed pool certificates), the U.S. Department of Housing and Urban Development (local authority bonds) and the Washington
Metropolitan Area Transit Authority (guaranteed transit bonds); provided, however, that the investments described
in this clause must (A) have a predetermined fixed dollar of principal due at maturity that cannot vary or change, (B) if
such investments have a variable rate of interest, such interest rate must be tied to a single interest rate index plus a fixed
spread (if any) and must move proportionately with that index, and (C) such investments must not be subject to liquidation
prior to their maturity;

 

(ii)         
Federal Housing Administration debentures;

 

(iii)        
obligations of the following United States government sponsored agencies: Federal Home Loan Mortgage Corp. (debt obligations),
the Farm Credit System (consolidated system wide bonds and notes), the Federal Home Loan Banks (consolidated debt obligations),
the Federal National Mortgage Association (debt obligations), the Financing Corp. (debt obligations), and the Resolution Funding
Corp. (debt obligations); provided, however, that the investments described in this clause must (A) have a
predetermined fixed dollar amount of principal due at maturity that cannot vary or change, (B) if such investments have a
variable rate of interest, such interest rate must be tied to a single interest rate index plus a fixed spread (if any) and must
move proportionately with that index, and (C) such investments must not be subject to liquidation prior to their maturity;

 

(iv)        
federal funds, unsecured certificates of deposit, time or similar deposits, bankers’ acceptances and repurchase agreements
of any bank, the obligations of which are rated no less than the Applicable Moody’s Permitted Investment Rating by
Moody’s and the Applicable DBRS Morningstar Permitted Investment Rating by DBRS Morningstar (or, if not so rated by a Rating
Agency, otherwise acceptable to such Rating

 

    50

     

    

 

Agency as confirmed by receipt of a Rating Agency Confirmation from such Rating Agency);
provided, however, that the investments described in this clause must (A) have a predetermined fixed dollar
amount of principal due at maturity that cannot vary or change, (B) if such investments have a variable rate of interest,
such interest rate must be tied to a single interest rate index plus a fixed spread (if any) and must move proportionately with
that index, and (C) such investments must not be subject to liquidation prior to their maturity;

 

(v)         
demand and time deposits in, or certificates of deposit of, or bankers’ acceptances issued by, any bank or trust company,
savings and loan association or savings bank, the obligations of which are rated no less than the Applicable Moody’s Permitted
Investment Rating by Moody’s and the Applicable DBRS Morningstar Permitted Investment Rating by DBRS Morningstar (or, if
not so rated by a Rating Agency, otherwise acceptable to such Rating Agency as confirmed by receipt of a Rating Agency Confirmation
from such Rating Agency); provided, however, that the investments described in this clause must (A) have a
predetermined fixed dollar amount of principal due at maturity that cannot vary or change, (B) if such investments have a
variable rate of interest, such interest rate must be tied to a single interest rate index plus a fixed spread (if any) and must
move proportionately with that index, and (C) such investments must not be subject to liquidation prior to their maturity;

 

(vi)        
debt obligations issued by an entity, the obligations of which are rated no less than the Applicable Moody’s Permitted Investment
Rating by Moody’s and the Applicable DBRS Morningstar Permitted Investment Rating by DBRS Morningstar (or, if not so rated
by a Rating Agency, otherwise acceptable to such Rating Agency as confirmed by receipt of a Rating Agency Confirmation from such
Rating Agency); provided, however, that the investments described in this clause must (A) have a predetermined
fixed dollar amount of principal due at maturity that cannot vary or change, (B) if such investments have a variable rate
of interest, such interest rate must be tied to a single interest rate index plus a fixed spread (if any) and must move proportionately
with that index, and (C) such investments must not be subject to liquidation prior to their maturity;

 

(vii)       
commercial paper (including both non-interest bearing discount obligations and interest bearing obligations payable on demand
or on a specified date not more than one year after the date of issuance thereof) issued by an entity, the obligations of which
are rated no less than the Applicable Moody’s Permitted Investment Rating by Moody’s and the Applicable DBRS Morningstar
Permitted Investment Rating by DBRS Morningstar (or, if not so rated by a Rating Agency, otherwise acceptable to such Rating Agency
as confirmed by receipt of a Rating Agency Confirmation from such Rating Agency); provided, however, that the investments
described in this clause must (A) have a predetermined fixed dollar of principal due at maturity that cannot vary or change,
(B) if such investments have a variable rate of interest, such interest rate must be tied to a single interest rate index
plus a fixed spread (if any) and must move proportionately with that index, and (C) such investments must not be subject
to liquidation prior to their maturity;

 

    51

     

    

 

(viii)      
units of money market mutual funds, which funds are regulated investment companies and seek to maintain a constant net asset value
per share, so long as such funds (A) are rated by Moody’s in its highest money market fund ratings category of “Aaa-mf”
and (B) are rated by DBRS Morningstar in its highest money market fund ratings category (or, if not so rated by a Rating Agency,
otherwise acceptable to such Rating Agency as confirmed by receipt of a Rating Agency Confirmation from such Rating Agency);

 

(ix)        
such other demand, money market or time deposit, demand obligation or any other obligation, security or investment that, but for
the failure to satisfy one or more of the minimum rating(s) set forth in the applicable clause, would be listed in clauses (i) –
(viii) above, with respect to which a Rating Agency Confirmation or Companion Loan Rating Agency Confirmation, as applicable,
has been obtained from each Rating Agency and Companion Loan Rating Agency for which the minimum ratings set forth in the applicable
clause is not satisfied with respect to such demand, money market or time deposit, demand obligation or any other obligation,
security or investment; and

 

(x)         
any other demand, money market or time deposit, demand obligation or any other obligation, security or investment with respect
to which Rating Agency Confirmation or Companion Loan Rating Agency Confirmation, as applicable, has been obtained from each Rating
Agency and Companion Loan Rating Agency;

 

provided,
however, that such instrument continues to qualify as a “cash flow investment” pursuant to Code Section 860G(a)(6)
earning a passive return in the nature of interest and that no instrument or security shall be a Permitted Investment if (i) such
instrument or security evidences a right to receive only interest payments, (ii) the right to receive principal and interest
payments derived from the underlying investment provides a yield to maturity in excess of 120% of the yield to maturity at par
of such underlying investment, (iii) the rating for such instrument or security includes an “r” designation or
(iv) if such instrument may be redeemed at a price below the purchase price; and provided, further, that no
amount beneficially owned by the Upper-Tier REMIC or the Lower-Tier REMIC (even if not yet deposited in the Trust) may be invested
in investments (other than money market funds) treated as equity interests for federal income tax purposes, unless the Servicer
receives an Opinion of Counsel, at the expense of the party directing such Permitted Investment, to the effect that such investment
will not adversely affect the status of the Upper-Tier REMIC or the Lower-Tier REMIC. Permitted Investments may not be purchased
at a price in excess of par.

 

“Permitted
Release Date”: As defined in the Mortgage Loan Agreement.

 

“Permitted
Special Servicer/Affiliate Fees”: Any commercially reasonable treasury management fees, banking fees, insurance commissions
and fees, and appraisal fees received or retained by the Special Servicer or any of its Affiliates in connection with any services
performed by such party with respect to the Trust Loan, any Companion Loan or any Foreclosed Property, subject to the terms and
provisions of this Agreement (including Section 3.17).

 

    52

     

    

 

“Permitted
Transferee”: Any Person or agent of such Person other than (a) a Disqualified Organization, (b) any other
Person so designated by the Certificate Registrar based upon an Opinion of Counsel (provided at the expense of such Person
or the Person requesting the transfer) to the effect that the transfer of an ownership interest in any Class R Certificate
to such Person may cause the Lower-Tier REMIC or Upper-Tier REMIC to fail to qualify as a REMIC at any time that the Certificates
are outstanding, (c) a Person that is a Disqualified Non-U.S. Tax Person, (d) any partnership if any of its interests
are (or under the partnership agreement are permitted to be) owned, directly or indirectly (other than through a U.S. corporation),
by a Disqualified Non-U.S. Tax Person or (e) a U.S. Tax Person with respect to whom income from the Class R Certificate
is attributable to a foreign permanent establishment or fixed base, within the meaning of an applicable income tax treaty, of
the transferee or any other U.S. Tax Person.

 

“Person”:
Any individual, corporation, limited liability company, partnership, joint venture, estate, trust, unincorporated association,
any federal, state, county or municipal government or any bureau, department or agency thereof and any fiduciary acting in such
capacity on behalf of any of the foregoing.

 

“Plan”:
As defined in Section 5.3(n).

 

“Plan
Fiduciary”: As defined in Section 5.3(o).

 

“Prepayment”:
Any payment of principal made by the Borrower with respect to the Mortgage Loan that is received in advance of its scheduled Payment
Date, whether voluntary, by reason of the acceleration of the maturity of the Mortgage Loan or otherwise.

 

“Prepayment
Interest Shortfall”: With respect to any Distribution Date, if the Mortgage Loan was subject to a Prepayment in full
or in part during the related Collection Period, which Prepayment was applied to the Mortgage Loan prior to the Payment Date in
such Collection Period, the amount of interest at the applicable Interest Rate, net of the Servicing Fee and any Default Interest,
to the extent not collected from the Borrower, that would have accrued on the Mortgage Loan on the amount of such Prepayment during
the period commencing on the date as of which such Prepayment was applied to the unpaid principal balance of the Mortgage Loan
and ending on the last day of the Mortgage Loan Interest Accrual Period corresponding to such Payment Date, inclusive.

 

“Principal
Balance Certificates”: The Class A, Class B, Class C, Class D, Class E, Class F, Class G and Class HRR
Certificates, collectively.

 

“Principal
Distribution Amount”: For each Distribution Date and any Class of Principal Balance Certificates, the sum of (i) the
portion of the Total Current Principal Collection Amount for such Distribution Date allocable to such Class in accordance with
the definition of “Total Current Principal Collection Amount”, and (ii) any Class Principal Shortfall for
the immediately preceding Distribution Date and such Class of Certificates.

 

“Privileged
Information”: Any (i) correspondence or other communications between any applicable Consenting Party or Consulting
Party (other than the Operating Advisor), on the one hand, and the Special Servicer (or the Servicer, Trustee and/or Certificate
Administrator), on the other hand, related to the Mortgage Loan following a Special Servicing

 

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Loan Event or the exercise of the
consent or consultation rights of such Consenting Party or Consulting Party (other than the Operating Advisor), as applicable,
under this Agreement, (ii) strategically sensitive information that the Special Servicer has reasonably determined (and has
identified in writing as privileged or confidential information) could compromise the Trust’s position in any ongoing or
future negotiations with the Borrower or other interested party, and (iii) legally privileged information; provided
that the summary of any Final Asset Status Report prepared pursuant to Section 3.10(h) is deemed not to be Privileged
Information (although no such summary shall be made available to any Borrower Restricted Party, the Borrower, any Property Manager,
any Affiliate of the Borrower or any Property Manager or any agent of any of the foregoing).

 

“Privileged
Information Exception”: With respect to any Privileged Information, at any time (a) such Privileged Information
becomes generally available and known to the public other than as a result of a disclosure directly or indirectly by the party
restricted from disclosing such Privileged Information (the “Privileged Information Restricted Party”), (b) it
is reasonable and necessary for the Privileged Information Restricted Party to disclose such Privileged Information in working
with legal counsel, auditors, arbitration parties, taxing authorities or other governmental agencies, (c) such Privileged
Information was already known to such Privileged Information Restricted Party and not otherwise subject to a confidentiality obligation
and/or (d) the Privileged Information Restricted Party is (in the case of the Servicer, the Special Servicer, the Operating
Advisor, the Certificate Administrator and the Trustee, as evidenced by written advice of counsel (which will be an additional
expense of the Trust) delivered to each of the Servicer, the Special Servicer, the Controlling Class Representative, the Operating
Advisor, the Certificate Administrator and the Trustee) required by law, rule, regulation, order, judgment or decree to disclose
such information.

 

“Privileged
Person”: The Depositor and its designees, the Initial Purchasers, the Servicer, the Special Servicer, any applicable
Consenting Party and any applicable Consulting Party, any Loan Seller, the Trustee, the Certificate Administrator, the Operating
Advisor, any Companion Loan Holder that delivers an Investor Certificates, any person who provides the Certificate Administrator
with an Investor Certification relating to access to information, any Rating Agency and any NRSRO that delivers an NRSRO Certification
to the Certificate Administrator. For purposes of receiving any information or report from the Certificate Administrator’s
Website or the Servicer’s Website, other than Distribution Date Statements only, any Borrower Restricted Party shall be
deemed to not be a “Privileged Person.”

 

“Property”:
As defined in the Mortgage Loan Agreement.

 

“Property
Manager”: The “Manager” as defined in the Mortgage Loan Agreement.

 

“Property
Protection Advances”: As defined in Section 3.23(b).

 

“PTCE”:
Prohibited Transaction Class Exemption.

 

“Qualified
Bidder”: As defined in Section 7.2.

 

“Qualified
Certificate Administrator”: An institution (i) that is a corporation, national bank, national banking association
or a trust company, organized and doing business

 

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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) that has a rating on its long
term senior unsecured debt or a long term issuer credit rating of least “Baa3” by Moody’s (or such other rating
with respect to which Moody’s has provided a Rating Agency Confirmation) and (iii) that has a long term unsecured debt rating
or issuer credit rating of at least “BBB(high)” by DBRS Morningstar provided that Computershare Trust Company, National
Association will be deemed to have met the eligibility requirement in this clause (iii) so long as it maintains an issuer
credit rating of at least “BBB” by any NRSRO or such other rating with respect to which DBRS Morningstar has provided
a Rating Agency Confirmation.

 

“Qualified
Institutional Buyer” or “QIB”: A “qualified institutional buyer” as defined in Rule 144A
under the Act.

 

“Qualified
Manager”: As defined in the Mortgage Loan Agreement.

 

“Qualified
Mortgage”: A “qualified mortgage” within the meaning of Section 860G(a)(3) of the Code, without regard
to the rule of Treasury Regulation Section 1.860G-2(f)(2) which causes a defective mortgage loan to be treated as a
“qualified mortgage”.

 

“Qualified
Replacement Special Servicer”: A replacement special servicer that (i) satisfies all of the eligibility requirements
applicable to special servicers in this Agreement (including, without limitation, the requirements of Section 6.4(a)),
(ii) is not the Operating Advisor or an Affiliate of the Operating Advisor, (iii) is not obligated to pay the Operating Advisor
or any Affiliate thereof (x) any fees or otherwise compensate the Operating Advisor or any Affiliate thereof in respect of its
obligations under this Agreement (other than any amounts that the Servicer (if it is, or is an Affiliate of, the replacement special
servicer) is required to pay or remit to the Operating Advisor in accordance with this Agreement) or (y) for the appointment of
the successor Special Servicer or the recommendation by the Operating Advisor for the replacement special servicer to become the
Special Servicer, (iv) is not entitled to receive any compensation from the Operating Advisor, (v) does not have an arrangement
with the Operating Advisor providing that the Operating Advisor is entitled to receive any compensation from the special servicer
for such replacement, appointment or recommendation, (vi) is not entitled to receive any fee from the Operating Advisor for its
appointment as successor Special Servicer, in each case, unless expressly approved by 100% of the Certificateholders, (vii) is
not a current or former Operating Advisor or any Affiliate of such current or former Operating Advisor and (viii) is not a Borrower
Restricted Party.

 

“Qualified
Trustee”: An institution (i) that is 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) that has either (A) a rating on its long term senior unsecured
debt of at least “A2” by Moody’s (provided, however, that Wilmington Trust, National Association as the
initial trustee will be deemed to have met the eligibility requirements in this clause (ii)(A) for so long as (a) it has
a rating on its unsecured long-

 

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term debt of at least “Baa3” by Moody’s and (b) the Servicer has a rating on
its unsecured long-term debt of at least “A2” by Moody’s) or (B) a long term counterparty risk assessment of
at least “A2(cr)” by Moody’s (or such other rating with respect to which Moody’s has provided a Rating
Agency Confirmation), (iii) that has a long term unsecured debt rating of at least “A” by DBRS Morningstar (or such
other rating with respect to which DBRS Morningstar has provided a Rating Agency Confirmation) or, if not rated by DBRS Morningstar,
at least an equivalent rating by two other NRSROs (one of which may include Moody’s), (iv) as to which neither Moody’s
nor DBRS Morningstar has withdrawn, qualified or downgraded its rating of securities in a commercial mortgage loan securitization
as a result of the performance by the Trustee, (v) that is not an Affiliate of the Servicer or the Special Servicer; and
(viii) that is not the Third Party Purchaser or a Risk Retention Affiliate of the Third Party Purchaser.

 

“Rated
Final Distribution Date”: With respect to the Class A, Class X, Class B, Class C, Class D, Class E and Class
F Certificates, the Distribution Date in February 2044. The Class G, Class HRR and Class R Certificates do not have, in the case
of any Class thereof, a Rated Final Distribution Date.

 

“Rating
Agency”: Each of Moody’s and DBRS Morningstar.

 

“Rating
Agency Confirmation”: With respect to any matter arising under this Agreement, confirmation in writing (which may be
in electronic form) by a Rating Agency that a proposed action, failure to act or other event specified in this Agreement or the
Mortgage Loan Documents shall not, in and of itself, result in the downgrade, withdrawal or qualification of the then-current
rating assigned to any Class of Certificates (if then rated by such Rating Agency); provided that if a written waiver or
other acknowledgment (which may be in electronic form) is received from a Rating Agency indicating its decision not to review
the matter for which the Rating Agency Confirmation is sought, then the requirement to obtain Rating Agency Confirmation for such
matter at such time shall be deemed to have been satisfied with respect to such Rating Agency.

 

“Rating
Agency Inquiry”: As defined in Section 4.5(d).

 

“Rating
Agency Q&A Forum and Document Request Tool”: As defined in Section 4.5(d).

 

“Realized
Loss”: With respect to any Distribution Date, the amount, if any, by which (a) the aggregate of the Certificate
Balances of the Principal Balance Certificates after giving effect to distributions of principal made on such Distribution Date,
exceeds (b) the outstanding principal balance of the Trust Loan (even if it constitutes an REO Trust Loan) immediately
following the related Determination Date after giving effect to (i) any payments and other collections of principal received
with respect to the Trust Loan during the Collection Period related to such Distribution Date and (ii) any reduction of the
principal balance of the Trust Loan that has been permanently made during the Collection Period related to such Distribution Date
as a result of a bankruptcy proceeding, modification or otherwise.

 

“Record
Date”: With respect to each Certificate for any Distribution Date, the last Business Day of the calendar month immediately
preceding the calendar month in which such Distribution Date occurs; provided, that in the event the Closing Date occurs
in the same month as the first Distribution Date, the first Record Date shall be the Closing Date.

 

    56

     

    

 

“Regular
Certificates”: The Class A, Class X, Class B, Class C, Class D, Class E, Class F, Class G and Class HRR Certificates,
collectively.

 

“Regulation AB”:
Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100 229.1125, as such rules
may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Commission
or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time, in each case as effective
from time to time as of the compliance dates specified therein. Each of the parties hereto acknowledge that the Regulation AB
provisions herein shall be construed as if the Certificates were publicly registered and reporting were required at all times.

 

“Regulation
RR Other PSA”: As defined in Section 3.31 of this Agreement.

 

“Regulation S”:
Regulation S under the Act.

 

“Regulation S
Global Certificate”: As defined in Section  5.2(a).

 

“Regulatory
Agencies”: The Office of the Comptroller of the Currency; the Board of Governors of the Federal Reserve System; the
Federal Deposit Insurance Corporation; the Federal Housing Finance Agency; the Securities and Exchange Commission; and the Department
of Housing and Urban Development.

 

“Related
Certificates,” and “Related Uncertificated Lower-Tier Interest”: For each of the following Uncertificated
Lower-Tier Interests, the related Class of Principal Balance Certificates set forth below in the same row, and for each of the
following Classes of Principal Balance Certificates, the related Uncertificated Lower-Tier Interest set forth below in the same
row.

 

	Related
    Certificates	Related
    Uncertificated

    Lower-Tier Interest
	Class A
    Certificates	Class LA
    Uncertificated Interest
	Class B
    Certificates	Class LB
    Uncertificated Interest
	Class
    C Certificates	Class
    LC Uncertificated Interest
	Class
    D Certificates	Class
    LD Uncertificated Interest
	Class
    E Certificates	Class
    LE Uncertificated Interest
	Class F
    Certificates	Class LF
    Uncertificated Interest
	Class
    G Certificates	Class
    LG Uncertificated Interest
	Class
    HRR Certificates	Class
    LHRR Uncertificated Interest

 

 

    57

     

    

 

“Relevant
Action”: As defined in Section 3.27(b) of this Agreement.

 

“Relevant
Distribution Date”: With respect to any Significant Obligor with respect to an Other Securitization Trust, the “Distribution
Date” (or an analogous concept) under the related Other Pooling and Servicing Agreement.

 

“REMIC”:
A “real estate mortgage investment conduit” within the meaning of Section 860D of the Code.

 

“REMIC
Provisions”: Provisions of the Code relating to “real estate mortgage investment conduits,” including Sections 860A
through 860G of the Code.

 

“Remittance
Date”: With respect to any Distribution Date, the Business Day immediately preceding such Distribution Date; provided
that, solely for purposes of remittances and the delivery of monthly reports (including, without limitation, CREFC®
Reports) with respect to any Companion Loan held by an Other Securitization Trust, the Remittance Date shall be the Business Day
following the later of (A) the related Other Securitization Determination Date and (B) the Payment Date.

 

“Rents
from Real Property”: With respect to any Foreclosed Property, gross income of the character described in Section 856(d)
of the Code.

 

“REO
Companion Loan”: Any Companion Loan if and to the extent that the Property has become a Foreclosed Property, as described
in Section 3.12(g).

 

“REO
Management Fee”: As to the Property when it is a Foreclosed Property, a fee payable out of the Foreclosed Property Account
to the Successor Manager for managing the Property while it is owned by the Trust, which shall be reasonable and customary in
the market in which the Property is located.

 

“REO
Mortgage Loan”: The Mortgage Loan if and to the extent that the Property has become a Foreclosed Property, as described
in Section 3.12(g).

 

“REO
Trust Loan”: The Trust Loan if and to the extent that the Property has become a Foreclosed Property, as described in
Section 3.12(g).

 

“Reportable
Event”: As defined in Section 13.6 of this Agreement.

 

“Reporting
Servicer”: The Servicer, the Special Servicer or a Servicing Function Participant engaged by any such party, as the
case may be.

 

“Repurchase
Price”: (a) With respect to the Trust Loan (or the Trust’s interest in any Foreclosed Property), an amount (without
duplication) equal to the sum of (i) the unpaid principal balance of the Trust Loan less any portion of any Loss of Value
Payment then on deposit in the Loss of Value Reserve Fund allocable to pay principal of the Trust Loan (or REO Trust Loan), (ii) accrued
and unpaid interest on the Trust Loan at the Interest Rate for the Trust Loan (without regard to the Default Rate) to and including
the last day of the related Mortgage Loan Interest Accrual Period in which the repurchase is to occur, (iii) unreimbursed
Property Protection

 

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Advances and Administrative Advances together with interest on Advances, (iv) an amount equal to all
interest on outstanding Monthly Interest Payment Advances, (v) any unpaid Trust Fund Expenses and (vi) any other expenses
reasonably incurred or expected to be incurred by the Servicer, the Special Servicer, the Trustee or the Certificate Administrator
arising out of the enforcement of the repurchase obligation, including, without limitation, Liquidation Fees to the extent set
forth in the definition of “Liquidation Fee; provided, that the amounts set forth in the preceding clause (a)
shall exclude any amounts not allocable to the Trust Loan in accordance with the Co-Lender Agreement; and (b) with respect
to any repurchase by a single Loan Seller of its Loan Seller Percentage Interest in the Trust Loan, the related Loan Seller Percentage
Interest of the related Repurchase Price for the Trust Loan as described in the preceding clause (a). No Liquidation Fee
shall be paid by a Loan Seller in connection with a repurchase by such Loan Seller of its Loan Seller Percentage Interest in the
Trust Loan due to a Material Breach or a Material Document Defect pursuant to the related Trust Loan Purchase Agreement (so long
as such repurchase occurs within the cure period required under the related Trust Loan Purchase Agreement, not to exceed 180 days).

 

“Repurchase
Request”: As defined in Section 2.2(d).

 

“Repurchase
Request Recipient”: As defined in Section 2.2(d).

 

“Requesting
Holders”: As defined in Section 3.7(f).

 

“Requesting
Party”: As defined in Section 3.27.

 

“Required
Advance Amount”: With respect to any Distribution Date, an amount equal to (a) the amount of the Monthly Interest
Payment Advance (taking into account any Appraisal Reduction Amount as of such Distribution Date) that would be required to be
made with respect to the Trust Loan on the related Remittance Date by the Servicer had the Borrower not made any portion of the
Monthly Interest Payment (or Assumed Monthly Interest Payment) for the related Payment Date or Assumed Payment Date less
(b) the aggregate compensation payable on such Remittance Date to the Certificate Administrator in respect of the Trustee/Certificate
Administrator Fee (including the portion thereof that is the Trustee Fee), to the Operating Advisor in respect of the Operating
Advisor Fee and to CREFC® in respect of the CREFC® Licensing Fee.

 

“Reserve
Accounts”: One or more accounts required to be established pursuant to the terms of the Mortgage Loan Agreement for
the purposes of holding the Reserve Funds.

 

“Reserve
Funds”: As defined in the Mortgage Loan Agreement.

 

“Residual
Ownership Interest”: Any record or beneficial interest in the Class R Certificates.

 

“Responsible
Officer”: When used with respect to (i) the Trustee, any officer of the Corporate Trust Office of the Trustee with
direct responsibility for the administration of this Agreement and also, with respect to a particular matter, any other officer
to whom such matter is referred because of such officer’s knowledge of and familiarity with the particular subject, and
(ii) the Certificate Administrator, any officer assigned to the Global Transaction Services group, with direct responsibility
for the administration of this Agreement and also, with respect to a

 

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particular matter, any other officer to whom a particular
matter is referred by the Certificate Administrator because of such officer’s knowledge of and familiarity with the particular
subject, and in the case of any certification or other document required to be signed by a Responsible Officer, an authorized
signatory whose name and specimen signature appears on a list furnished to the Servicer or the Special Servicer, as applicable,
by the Trustee or the Certificate Administrator, as applicable, as such list may from time to time be amended.

 

“Restricted
Holder”: Any Certificateholder, beneficial owner of a Certificate or prospective purchaser of a Certificate (whether
legally, beneficially or otherwise) or any other Person that, in each case, is a holder of a related mezzanine loan (or any Affiliate,
manager or agent thereof) or an owner of any interest in any related mezzanine loan (whether legally, beneficially or otherwise,
including as a holder of a note evidencing a related mezzanine loan, a holder of a participation interest in a related mezzanine
loan or a beneficial owner of any interest in a related mezzanine loan or any securities collateralized by a related mezzanine
loan) (a) as to which an event of default has occurred under such mezzanine loan giving rise to an automatic acceleration of such
mezzanine loan or the right of the lender thereunder to accelerate such mezzanine loan, or (b) as to which foreclosure proceedings
against the related collateral have been initiated.

 

“Restricted
Period”: As defined in Section  5.2(a).

 

“Retained
Servicing Fee Rate”: Subject to Section 7.2, an amount agreed to by the Servicer and any successor Servicer
on a Servicing-Retained Bid.

 

“Retaining
Parties”: The Third Party Purchaser, acting as holder of the HRR Interest, and any successor holder of all or part of
the HRR Interest.

 

“Retaining
Sponsor”: BMO, acting as retaining sponsor as such term is defined in 12 C.F.R. §43.2 of the U.S. Credit Risk Retention
Rules.

 

“Reverse
Sequential Order”: With respect to the allocation of applicable Realized Losses to the respective Classes of Principal
Balance Certificates on any Distribution Date, to the Class HRR, Class G, Class F, Class E, Class D, Class C, Class B and
Class A Certificates, in that order, until such Realized Loss is allocated in full.

 

“Risk
Retention Affiliate” or “Risk Retention Affiliated”: An “affiliate of” or to be “affiliated
with”, as such terms are defined in 12 C.F.R. § 43.2 of the U.S. Credit Risk Retention Rules.

 

“RR
Interest”: The HRR Interest.

 

“Rule 144A”:
As defined in Section 5.2(b).

 

“Rule 144A
Global Certificate”: As defined in Section 5.2(b).

 

“Rule 15Ga-1
Notice”: As defined in Section 2.2(d).

 

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“S&P”:
S&P Global Ratings, a Standard & Poor’s Financial Services LLC business, and its successors in interest. If neither
S&P Global Ratings, a Standard & Poor’s Financial Services LLC business nor any successor remains in existence,
“S&P” shall be deemed to refer to such other nationally recognized statistical rating agency or other comparable
Person reasonably designated by the Depositor, notice of which designation shall be given to the Servicer, the Special Servicer,
the Operating Advisor, the Trustee and the Certificate Administrator and specific ratings of S&P herein referenced shall be
deemed to refer to the equivalent ratings of the party so designated.

 

“Senior
Note”: As defined in the Preliminary Statement.

 

“Senior
Trust Note”: As defined in the Preliminary Statement.

 

“Sequential
Order”: (a) When used with respect to the Regular Certificates, and in each case subject to reduction based on any reduction
in Available Funds, the following priorities: (i) with respect to payments in respect of interest on the Classes of Regular Certificates
on any Distribution Date, first, to the Class A and Class X Certificates, pro rata, based on the interest entitlement
of each such Class of Certificates with respect to such Distribution Date, and then, to the Class B, Class C, Class D, Class E,
Class F, Class G and Class HRR Certificates, in that order, in each case until the interest payable to each such Class is paid
in full; and (ii) with respect to payments in respect of principal on, or any applicable Realized Losses reimbursable to,
the Classes of Principal Balance Certificates on any Distribution Date, to the Class A, Class B, Class C, Class D, Class E, Class
F, Class G and Class HRR Certificates, in that order, in each case until the principal payable or the Realized Losses reimbursable
to each such Class is paid or reimbursed in full; provided, that the foregoing order in clauses (i) and (ii) above is subject
to the priority of payments specified in Section 4.1(a); and (b) when used with respect to the Trust Loan, the following
priorities: (i) with respect to payments of interest allocated to the Trust Loan on any Payment Date, first, pro rata,
to the Senior Trust Notes, and then, pro rata, to the Junior Trust Notes; and (ii) with respect to payments of principal
allocated to the Trust Loan on any Payment Date, first, pro rata, to the Senior Trust Notes, and then, pro rata,
to the Junior Trust Notes, in each case under clauses (i) and (ii), until the principal or interest payable to each such Trust
Note is paid in full.

 

“Servicer”:
KeyBank National Association, in its capacity as servicer, or if any successor Servicer is appointed as herein provided, such
successor Servicer.

 

“Servicer
Customary Expense”: As defined in Section 3.17.

 

“Servicer
Termination Event”: As defined in Section 7.1(a).

 

“Servicer’s
Website”: The internet website of the Servicer, initially located at www.key.com/key2cre.

 

“Service(s)”
or “Servicing”: In accordance with Regulation AB, the act of servicing, managing and administering the
Mortgage Loan or any other assets of the Trust by an entity (other than the Certificate Administrator or the Trustee) that meets
the definition of “servicer” set forth in Item 1101 of Regulation AB and is subject to the disclosure requirements
set forth in Item 1108 of Regulation AB. For clarification purposes, any uncapitalized occurrence

 

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of this term shall
have the meaning commonly understood by participants in the commercial mortgage-backed securities industry.

 

“Servicing
Criteria”: The criteria set forth in paragraph (d) of Item 1122 of Regulation AB as such may be amended
from time to time and which as of the Closing Date are listed on Exhibit L hereto.

 

“Servicing
Fee”: With respect to the Trust Loan, the Companion Loan(s) and any REO Trust Loan and REO Companion Loan(s), a fee
payable monthly to the Servicer pursuant to Section 3.17, that will accrue at the Servicing Fee Rate, computed on
the basis of the same principal amount, on the same interest accrual basis, and for the same Interest Accrual Period respecting
which any related interest payment on the Trust Loan, such Companion Loan, such REO Trust Loan or such REO Mortgage Loan, as the
case may be, is, or would have been, computed. For the avoidance of doubt, the Servicing Fee will be deemed payable from the Lower-Tier
REMIC.

 

“Servicing
Fee Rate”: (i) With respect to the Trust Loan or any REO Trust Loan, 0.0225% (2.25 basis points) per annum and
(ii) with respect to any Companion Loan or REO Companion Loan, 0.01125% (1.125 basis points) per annum.

 

“Servicing
Function Participant”: Any Additional Servicer, Sub-Servicer, Subcontractor or any other Person, other than the Trustee,
the Certificate Administrator, the Servicer and the Special Servicer, that is performing activities that address the Applicable
Servicing Criteria as of any date of determination.

 

“Servicing
Officer”: Any officer of the Servicer or the Special Servicer involved in, or responsible for, the administration and
servicing of the Trust Loan whose name and specimen signature appear on a list of servicing officers furnished to the Trustee
and the Certificate Administrator on the Closing Date by the Servicer or the Special Servicer, as applicable, in the form of an
Officer’s Certificate, as such list may from time to time be amended.

 

“Servicing
Personnel”: As defined in Section 6.5.

 

“Servicing-Released
Bid”: As defined in Section 7.2(b).

 

“Servicing-Retained
Bid”: As defined in Section 7.2(b).

 

“Significant
Obligor”: As defined in Section 13.10.

 

“Significant
Obligor NOI Quarterly Filing Deadline”: With respect to each calendar quarter (other than the fourth calendar quarter
of any calendar year) and each Significant Obligor, the date that is fifteen (15) days after the Relevant Distribution Date occurring
on or immediately following the date by which the Borrower is required to deliver quarterly financial statements to the lender
under the Mortgage Loan Agreement in connection with such calendar quarter.

 

“Significant
Obligor NOI Yearly Filing Deadline”: With respect to each calendar year and each Significant Obligor, the date that
is the 90th day after the end of such calendar year.

 

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“Special
Notice”: As defined in Section 5.6.

 

“Special
Servicer”: KeyBank National Association, in its capacity as special servicer, or its successor-in-interest, or if any
successor Special Servicer is appointed as herein provided, such successor Special Servicer.

 

“Special
Servicer Customary Expenses”: As defined in Section 3.17.

 

“Special
Servicer Termination Event”: As defined in Section 7.1(a).

 

“Special
Servicing Fee”: With respect to the Specially Serviced Mortgage Loan or REO Mortgage Loan, a fee payable monthly to
the Special Servicer equal to an amount computed on the basis of the same principal amount, in the same manner and for the same
period respecting which any related interest payment on such Specially Serviced Mortgage Loan is (or would have been) computed,
at a rate of 0.25% (25 basis points) per annum, until all Special Servicing Loan Events no longer exist. Such fee shall
be in addition to, and not in lieu of, any other fee or other sum payable to the Special Servicer under this Agreement. For the
avoidance of doubt, the Special Servicing Fee will be deemed payable from the Lower-Tier REMIC.

 

“Special
Servicing Loan Event”: With respect to the Trust Loan or any Companion Loan, (i) the Borrower has not made
two consecutive Monthly Interest Payments (and has not cured at least one such delinquency by the next Payment Date under the
Mortgage Loan Documents) in respect of the Trust Loan or any Companion Loan; (ii) the Servicer and/or the Trustee has
made two consecutive Monthly Interest Payment Advances with respect to the Trust Loan (regardless of whether such Monthly
Interest Payment Advances have been reimbursed); (iii) the Borrower fails to make the Balloon Payment when due, and the
Borrower has not delivered to the Servicer (who shall promptly deliver a copy to the Operating Advisor), on or before the due
date of such Balloon Payment, a written and binding (a) refinancing commitment, (b) letter of intent or
(c) term sheet, in each case from an acceptable lender, or signed purchase agreement from an acceptable purchaser, in
each case reasonably satisfactory in form and substance to the Servicer that provides that a refinancing or sale of the
Property shall occur within 120 days after the date on which such Balloon Payment becomes due (provided that a
Special Servicing Loan Event shall occur if either (x) such refinancing or sale, as applicable, does not occur before
the expiration of the time period for refinancing or sale, as applicable, specified in such binding commitment, letter of
intent, term sheet or purchase agreement or (y) the Servicer and/or the Trustee is required to make a Monthly Interest
Payment Advance at any time prior to such refinancing or sale, as applicable); (iv) the Servicer has received notice
that the Borrower has become the subject debtor of any bankruptcy, insolvency or similar proceeding, made an assignment for
the benefit of creditors, or admitted in writing the inability to pay its debts as they come due; (v) the Servicer has
received notice of a foreclosure or threatened foreclosure of any lien on the Property; (vi) the Borrower has expressed
in writing to the Servicer an inability to pay the amounts owed under the Mortgage Loan in a timely manner, (vii) in the
judgment of the Servicer in accordance with Accepted Servicing Practices, a default in the payment of principal or
interest under the Trust Loan or any Companion Loan is reasonably foreseeable; or (viii) a default under the Trust Loan
or any Companion
Loan of which the Servicer has notice (other than a failure by the Borrower to pay principal or interest) and that materially
and adversely affects the interests of the Certificateholders or the Companion Loan Holder(s) has occurred and remains unremedied
for the applicable grace

 

    63

     

    

 

period specified in the Mortgage Loan Documents (or, if no grace period is specified, 60 days);
provided, that a Special Servicing Loan Event shall cease (a) with respect to the circumstances described in clauses (i),
(ii) and (iii) above, when the Borrower has brought the Mortgage Loan current and with respect to clauses (i)
and (ii) above, thereafter made three consecutive full and timely Monthly Interest Payments on the Trust Loan or any
Companion Loan, as applicable, in each case, including pursuant to the work-out of the Mortgage Loan, or (b) with respect
to the circumstances described in clauses (iv), (v), (vi), (vii) and (viii) above, when
such circumstances cease to exist in the judgment of the Special Servicer (consistent with Accepted Servicing Practices); provided,
in any case, that at that time no other circumstance exists (as described above) that would constitute a Special Servicing Loan
Event; provided, further that if a Special Servicing Loan Event exists with respect to the Trust Loan or any Companion
Loan, it shall be considered to exist with respect to the entire Mortgage Loan.

 

“Specially
Serviced Mortgage Loan”: The Mortgage Loan during the occurrence of a Special Servicing Loan Event.

 

“Startup
Day”: As defined in Section 12.1(c).

 

“Subcontractor”:
Any vendor, subcontractor or other Person that is not responsible for the overall servicing (as “servicing” is commonly
understood by participants in the mortgage backed securities industry) of the Mortgage Loan but performs one or more discrete
functions identified in Item 1122(d) of Regulation AB with respect to the Mortgage Loan under the direction or authority
of the Servicer (or a Sub-Servicer of the Servicer), the Special Servicer (or a Sub-Servicer of the Special Servicer) or an Additional
Servicer (or a Sub-Servicer of an Additional Servicer).

 

“Sub-Servicer”:
Any Person that (i) Services the Mortgage Loan on behalf of the Servicer, Special Servicer or any Sub-Servicer and (ii) is
responsible for the performance (whether directly or through Sub-Servicers or Subcontractors) of all or a material portion of
the Servicing functions required to be performed by the Servicer, the Special Servicer or an Additional Servicer, under this Agreement,
with respect to the Mortgage Loan.

 

“Successful
Bidder”: As defined in Section 7.2(b).

 

“Successor
Manager”: Any Independent Contractor as selected or retained by the Special Servicer, on behalf of the Trustee for the
benefit of the Trust and the Companion Loan Holder(s), to serve as manager of a Foreclosed Property, which designation, as evidenced
by written confirmation from each Rating Agency, shall not result in the downgrade, withdrawal or qualification of the ratings
assigned to the Certificates by such Rating Agency.

 

“Temporary
Regulation S Global Certificate”: As defined in Section  5.2(a).

 

“Terminated
Party”: As defined in Section 7.1(f).

 

“Terminating
Party”: As defined in Section 7.1(f).

 

“Third
Party Purchaser”: Any Person that purchases the HRR Interest in accordance with this Agreement and applicable laws and
regulations; provided that if there are multiple

 

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Holders of the HRR Interest then “Third Party Purchaser” shall mean,
individually and collectively, those multiple Holders.

 

“Threshold
Cure Holder”: As defined in Section 3.7(i).

 

“Threshold
Collateral Issuer”: As defined in the definition of “Threshold Event Collateral”.

 

“Threshold
Event Collateral”: Either (a) cash collateral for the benefit of, and acceptable to, the Servicer on behalf of the Trust
or (b) an unconditional and irrevocable standby letter of credit with the Servicer on behalf of the Trust as the beneficiary,
issued by a bank or other financial institution (the “Threshold Collateral Issuer”) the long-term unsecured
debt obligations of which are rated at least “A” by S&P, “A” by DBRS Morningstar, “A”
by Fitch and “A2” by Moody’s or the short-term obligations of which are rated at least “A-1+” by
S&P, “R-1(middle)” by DBRS Morningstar, “F-1” by Fitch and “P-1” by Moody’s, in
either case in an amount which, when added to the appraised value of the Property as determined pursuant to this Agreement, would
cause the applicable CCR Control Termination Event not to occur.

 

“Threshold
Event Cure”: As defined in Section 3.7(i) of this Agreement.

 

“Total
Current Principal Collection Amount”: For each Distribution Date, the aggregate of all amounts collected in respect
of, or otherwise allocable to, principal that are received during the related Collection Period with respect to the Trust Loan
(including, without limitation, all or any portion thereof that constitutes an REO Trust Loan), including, without limitation,
in the form of Prepayments, the principal portion of the Balloon Payment, the principal portion of any Repurchase Price or Loss
of Value Payments, all amounts received in respect of, or allocable to, principal from Net Liquidation Proceeds, Condemnation
Proceeds, Insurance Proceeds or income from a Foreclosed Property or any other amounts received in respect of, or allocable to,
principal on the Trust Loan (including, without limitation, all or any portion thereof that constitutes an REO Trust Loan) during
the related Collection Period. The Total Current Principal Collection Amount for any Distribution Date will be allocable to the
respective Classes of the Principal Balance Certificates in Sequential Order, in each such case up to the amount necessary to
reduce the related Certificate Balance outstanding immediately prior to such Distribution Date to zero (taking into account the
Class Principal Shortfall in respect of the immediately preceding Distribution Date for the subject Class of Certificates).

 

“Transaction
Parties”: As defined in Section 5.3(o).

 

“Transferee
Affidavit”: As defined in Section 5.3(p)(ii).

 

“Transferor
Letter”: As defined in Section 5.3(p)(ii).

 

“Trust”:
The trust formed pursuant to this Agreement to be designated BWAY Commercial Mortgage Trust 2022-26BW.

 

“Trust
Fund”: The corpus of the Trust created by this Agreement, consisting of (i) the Trust Notes together with (to the
extent that the documents, agreements and instruments therein evidence, secure, guarantee or otherwise relate to the Trust Loan)
the Mortgage Loan File

 

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relating thereto (and excluding the original Companion Loan Note(s)); (ii) all scheduled and unscheduled
payments on or collections in respect of the Trust Notes; (iii) any Foreclosed Property; (iv) all revenues received
in respect of any Foreclosed Property (exclusive of any portion thereof payable to the Companion Loan Holder(s)); (v) the
Servicer’s, Special Servicer’s and the Trustee’s rights under the insurance policies with respect to the Property
required to be maintained pursuant to this Agreement and any proceeds thereof (exclusive of any portion thereof payable to the
Companion Loan Holder(s)); (vi) to the extent they secure, guarantee or otherwise relate to the Trust Loan, any Collateral
Security Documents; (vii) to the extent they secure, guarantee or otherwise relate to the Trust Loan, any indemnities or
guaranties given as additional security for the Trust Notes; (viii) all funds (exclusive of any portion thereof payable to
the Companion Loan Holder(s)) deposited in the Collection Account, the Interest Reserve Account, the Distribution Account and
the Yield Maintenance Premium Distribution Account, including any reinvestment income thereon (except as otherwise provided herein);
(ix) to the extent they secure, guarantee or otherwise relate to the Trust Loan, any environmental indemnity agreements relating
to the Property; (x) the rights and remedies of the Depositor under each Trust Loan Purchase Agreement (other than Sections 7(f),
7(h) and 7(i) thereof); (xi) to the extent they secure, guarantee or otherwise relate to the Trust Loan, the
security interest in the Reserve Accounts granted pursuant to Section 2.1; (xii) all other assets included or
to be included in the Lower-Tier REMIC for the benefit of the Upper-Tier REMIC; (xiii) the Uncertificated Lower-Tier Interests;
(xiv) the Loss of Value Reserve Fund; (xv) any Threshold Event Collateral; (xvi) the Initial Interest Deposit Amount; and (xvii) the
proceeds of any of the foregoing.

 

“Trust
Fund Expenses”: Any unanticipated expenses and certain other default-related expenses incurred by the Trust and/or the
Trust Fund (including, without limitation, all Advance Interest and all Borrower Reimbursable Trust Fund Expenses, to the extent
not previously reimbursed by any Borrower Related Party) and all other amounts (such as indemnification payments, but excluding
Advances, the Servicing Fee, the Operating Advisor Fee and the Trustee/Certificate Administrator Fee) permitted to be retained,
reimbursed or withdrawn by (or remitted to) the Servicer, the Special Servicer, the Operating Advisor, the Trustee or the Certificate
Administrator, as applicable, from the Collection Account, a Foreclosed Property Account or the Distribution Account pursuant
to this Agreement.

 

“Trust
Loan”: As defined in the Introductory Statement.

 

“Trust
Loan Note”: As defined in the Introductory Statement.

 

“Trust
Loan Purchase Agreements”: As defined in the Introductory Statement.

 

“Trust
Notes”: As defined in the Introductory Statement.

 

“Trustee”:
Wilmington Trust, National Association, in its capacity as trustee, or if any successor Trustee is appointed as herein provided,
such Trustee.

 

“Trustee/Certificate
Administrator Fee”: With respect to any Distribution Date, will be an amount payable monthly from amounts received or
advanced in respect of the Trust Loan allocable to interest (other than Default Interest) and will accrue at the Trustee/Certificate
Administrator Fee Rate, calculated on the basis of a 360-day year and the actual number of days

 

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in the related Interest Accrual
Period and computed on the basis of the same principal amount, in the same manner and for the same period respecting which any
related interest payment on the Trust Loan (including, without limitation, all or any portion thereof that constitutes an REO
Mortgage Loan) is computed, using the same interest accrual basis as the Trust Loan. A portion of the Trustee/Certificate Administrator
Fee, namely the Trustee Fee, will be payable to the Trustee. For the avoidance of doubt, the Trustee/Certificate Administrator
Fee will be deemed to be payable from the Lower-Tier REMIC.

 

“Trustee/Certificate
Administrator Fee Rate”: A rate of 0.01420% (1.420 basis points) per annum, which is inclusive of the Trustee
Fee Rate.

 

“Trustee
Fee”: The portion of the Trustee/Certificate Administrator Fee payable monthly by the Certificate Administrator to the
Trustee pursuant to Section 8.5 in an amount agreed to between the Trustee and Certificate Administrator. The Certificate
Administrator is responsible for the payment of the Trustee Fee.

 

“Trustee
Fee Rate”: The per annum rate at which the Trustee Fee is calculated.

 

“Trust
REMIC”: Each of the Lower-Tier REMIC and the Upper-Tier REMIC.

 

“Uncertificated
Lower-Tier Interest”: Any of the Class LA, Class LB, Class LC, Class LD, Class LE, Class LF, Class LG and
LHRR Uncertificated Interests.

 

“Underwriter
Exemption”: Prohibited Transaction Exemption 2006-07, 71 Federal Register 32134 (June 2, 2006), granted to a predecessor
of BMO Capital Markets Corp., as most recently amended by Prohibited Transaction Exemption 2013-08 (July 9, 2013), and as may
be further amended by the Department of Labor from time to time.

 

“Uninsured
Cause”: Any cause of damage to property of the Borrower Related Parties subject to the Mortgage such that the complete
restoration of such property is not fully reimbursable (but without regard to any applicable deductible provisions) by any insurance
policy required to be maintained with respect thereto pursuant to the terms of the Mortgage Loan Documents or this Agreement.

 

“Unscheduled
Payments”: With respect to any Distribution Date, all payments and collections received with respect to the Mortgage
Loan or upon foreclosure or liquidation of the Property (net of related foreclosure expenses and Liquidation Expenses) during
the related Collection Period including, but not limited to, prepayments due to acceleration of the Mortgage Loan, Net Liquidation
Proceeds, Net Proceeds, Net Foreclosure Proceeds, Condemnation Proceeds, Insurance Proceeds, voluntary prepayments and other payments
and collections on the Mortgage Loan not scheduled to be received, other than Monthly Interest Payments, the Balloon Payment or
Yield Maintenance Premiums.

 

“Upper-Tier
Distribution Account”: A subaccount of the Distribution Account, which will be an asset of the Trust Fund and the Upper-Tier
REMIC.

 

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“Upper-Tier
REMIC”: One of the two separate REMICs comprising the Trust Fund, the assets of which consist of the Uncertificated
Lower-Tier Interests and such amounts as will from time to time be held in the Upper-Tier Distribution Account.

 

“U.S.
Credit Risk Retention Rules”: The final credit risk retention rule issued by the Office of the Comptroller of the Currency
(appearing at 12 CFR § 43.1, et seq.) that adopted the joint final rule promulgated by the Regulatory Agencies (appearing
at 79 F.R. 77601; pages 77740-77766) to implement the credit risk retention requirements of Section 15G of the Securities Exchange
Act of 1934, as added by Section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, as such rule may be amended
from time to time, and subject to such clarification and interpretation as have been provided by the Regulatory Agencies in the
adopting release (79 FR 77601 et seq.) or by the staff of any such agency, or as may be provided by any such agency or
its staff from time to time, in each case, as effective from time to time.

 

“U.S.
Obligations”: As defined in the Mortgage Loan Agreement.

 

“U.S.
Securities Person”: A “U.S. person” within the meaning of Rule 902(k) under the Act.

 

“U.S.
Tax Person”: A Person that is (i) a citizen or resident alien of the United States, (ii) a corporation, partnership
(except as provided in applicable Treasury regulations) or other entity created or organized in or under the laws of the United
States, any State or the District of Columbia, including any entity treated as a corporation or partnership for federal income
tax purposes, (iii) an estate whose income is subject to United States federal income tax regardless of the source of its
income, (iv) 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. Tax Persons have the authority to control all substantial decisions of such trust (or,
to the extent provided in applicable Treasury regulations, certain trusts in existence on August 20, 1996 that have elected
to be treated as a U.S. Tax Person) and (v) any other Person that is disregarded as separate from its owner for U.S. federal
income tax purposes and whose owner is described in clauses (i) through (iv) above.

 

“Voting
Rights”: The portion of the voting rights of all of the Certificates that is allocated to any Certificate or Class
of Certificates. At any time that any Certificates are outstanding, the Voting Rights shall be allocated among the respective
Classes of Regular Certificates as follows: (1)(x) except as described in subclause (y) of this clause (1), 2%
to the Class X Certificates, and (y) 0% to the Class X Certificates if the Notional Amount of such Class has been reduced to
zero and also in the case of votes pertaining to terminating and replacing the Special Servicer as described in Section
7.1 or the Operating Advisor as described in Section 9.8; and (2) in the case of any Class of Principal Balance
Certificates, a percentage equal to the product of (x) the percentage of Voting Rights remaining after allocations in clause
(1) above, and (y) a fraction (expressed as a percentage), the numerator of which is equal to the Certificate
Balance (and in connection with any vote (including to establish a Certificateholder Quorum) to terminate or replace the
Special Servicer (other than upon the recommendation of the Operating Advisor) or the Operating Advisor under this Agreement,
taking into account any notional reductions in the Certificate
Balances for Appraisal Reduction Amounts allocated to the Certificates) of the Class determined as of the prior Distribution Date,
and the denominator of which is equal to the aggregate Certificate Balance (and in connection with any vote (including to establish
a

 

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Certificateholder Quorum) to terminate or replace the Special Servicer (other than upon the recommendation of the Operating
Advisor) or the Operating Advisor under this Agreement, taking into account any notional reductions in the Certificate Balances
for Appraisal Reduction Amounts allocated to the Certificates) of all Classes of Principal Balance Certificates, in each case,
determined as of the prior Distribution Date. The Voting Rights of any Class of Certificates shall be allocated among Certificateholders
of such Class in proportion to their respective Percentage Interests. The Class R Certificates shall not be entitled to any
Voting Rights.

 

“Withheld
Amounts”: As defined in Section 3.3(b) of this Agreement.

 

“Work-out
Fee”: A fee payable to the Special Servicer pursuant to Section 3.17 equal to 0.50% of each payment of principal
and interest (other than Default Interest) made on the Mortgage Loan following resolution of a Special Servicing Loan Event by
a written agreement with the Borrower negotiated by the Special Servicer for so long as another Special Servicing Loan Event does
not occur.

 

“Yield
Maintenance Premium”: As defined in the Mortgage Loan Agreement.

 

1.2         
Interpretation. (a) Whenever this Agreement refers to a Distribution Date and a “related” Collection Period,
Interest Accrual Period or Payment Date, such reference shall be to the Collection Period, Interest Accrual Period or Payment
Date, as applicable, most recently ended prior to or immediately preceding, as applicable, such Distribution Date.

 

(b)         
Whenever this Agreement refers to a Distribution Date and an “applicable” Pass-Through Rate, such reference shall
be to the Pass-Through Rate for the applicable Class for such Distribution Date or the related Certificate Interest Accrual Period.

 

(c)         
The words “hereof”, “herein”, and “hereunder” and words of similar import when used in this
Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section and
Exhibit references contained in this Agreement are references to Sections and Exhibits in or to this Agreement unless otherwise
specified.

 

(d)         
Interest on the Regular Certificates shall be calculated on a 30/360 Basis.

 

(e)         
The terms “include” or “including” shall mean without limitation by reason of enumeration.

 

(f)          
The terms defined in this Agreement include the plural as well as the singular, and the use of any gender herein shall be deemed
to include the other gender.

 

(g)         
For the avoidance of doubt, with respect to any indemnification provisions in this Agreement providing that the Trust is required
to indemnify a party to this Agreement or a party to this Agreement is required to indemnify the Trust or another party to this
Agreement for costs, fees and expenses, such costs, fees and expenses are intended to include costs (including, but not limited
to, reasonable attorney’s fees and expenses) of the enforcement of such indemnity.

 

1.3         
Certain Calculations in Respect of the Mortgage Loan. (a) All amounts collected by or on behalf of the Trust in respect
of the Mortgage Loan in the form of payments

 

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from or on behalf of the Borrower Related Parties, any Liquidation Proceeds, Condemnation
Proceeds or Insurance Proceeds shall, to the extent not inconsistent with the Mortgage Loan Documents (as modified by the Co-Lender
Agreement to establish prioritization among the Notes), and in any event during the continuance of a Mortgage Loan Event of Default,
be applied in the following order of priority:

 

first,
as a recovery of any related and unreimbursed Property Protection Advances plus interest accrued thereon and, if applicable,
other unreimbursed Trust Fund Expenses (excluding interest on Administrative Advances, Monthly Interest Payment Advances and Companion
Loan Advances);

 

second,
to make (without duplication) payments of interest, principal and reimbursements of any other costs, expenses, advances and losses
on the Trust Notes and the Companion Loan Note(s) in the amounts and order of priority provided in the Co-Lender Agreement; provided,
that for purposes of determining distributions on the Certificates any Liquidation Proceeds, Condemnation Proceeds or Insurance
Proceeds on the Mortgage Loan or Property that would be so allocated as interest and principal on the Trust Notes will be applied
to the Trust Notes in the following amounts and order:

 

(i)
as a recovery of accrued and unpaid interest first, on the Senior Trust Notes, and then, on the Junior Trust Notes, in that
order, in each case to the extent of the excess, if any, of (1) accrued and unpaid interest at the respective Interest
Rates (without giving effect to any increase in any such interest rates required under the Mortgage Loan Agreement as a
result of a default under the Trust Loan) to, but not including, the date of receipt by or on behalf of the Trust (or, in the
case of a full Monthly Interest Payment from or on the behalf of the Borrower Related Parties, for the related Mortgage Loan
Interest Accrual Period), over (2) the cumulative amount of the reductions (if any) in the amount of the interest
portion of the related Monthly Interest Payment Advances for the Trust Loan that have theretofore occurred under Section 
3.23(a) in connection with Appraisal Reduction Amounts (to the extent that collections have not been applied as a
recovery of accrued and unpaid interest pursuant to subclause (iii) of this clause second on earlier
dates);

 

(ii)
as a recovery of principal of the Trust Loan then due and owing, including by reason of acceleration of the Trust Loan following
a Mortgage Loan Event of Default (or, following the occurrence of a Liquidation Event, as a recovery of principal to the extent
of its entire remaining unpaid principal balance), with any such recovery of principal to be applied, in the following order:
(1) first, to the reduction of the outstanding principal balance of the Senior Trust Notes; and (2) second, to the
reduction of the outstanding principal balance of the Junior Trust Notes; and

 

(iii)
as a recovery of accrued and unpaid interest first, on the Senior Trust Notes, and then, on the Junior Trust Notes, in that order,
in each case to the extent of the cumulative amount of the reductions (if any) in the amount of the interest portion of the related
Monthly Interest Payment Advances for the Trust Loan that

 

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have theretofore occurred under Section  3.23(a) in connection
with related Appraisal Reduction Amounts (to the extent collections have not been applied as recovery of accrued and unpaid interest
pursuant to this subclause (iii) on earlier dates);

 

third,
as a recovery of amounts to be currently applied to the payment of, or escrowed for the future payment of, real estate taxes,
assessments, ground rent and insurance premiums and similar items;

 

fourth,
as a recovery of any other reserves to the extent then required to be held in escrow;

 

fifth,
to any Yield Maintenance Premiums due with respect to the Trust Notes and the Companion Loan Note(s), in the amounts and order
of priority contemplated by the Co-Lender Agreement;

 

sixth,
as a recovery of any assumption fees and Modification Fees then due and owing under the Trust Loan;

 

seventh, as
a recovery of any Default Interest or late charges then due and owing under the Mortgage Loan;

 

eight,
as a recovery of any other amounts (including Operating Advisor Consulting Fees) then due and owing under or with respect to the
Mortgage Loan other than remaining unpaid principal; and

 

ninth,
as a recovery of any remaining principal of the Mortgage Loan to the extent of its entire remaining unpaid principal balance;

 

provided,
that, to the extent required under the REMIC Provisions, if any payments or proceeds are received with respect to any release
of the Property or any partial release of the Property (including following a condemnation) and if, immediately following such
release, the loan-to-value ratio of the Trust Loan (excluding the value of personal property and going concern value, if any)
exceeds 125%, then such payments or proceeds shall be allocated to reduce the principal balance of the Trust Loan in the manner
permitted by such REMIC Provisions. For the avoidance of doubt, the application of amounts collected above in this paragraph shall
not affect the allocations under the Co-Lender Agreement.

 

In
connection with the foregoing, if the terms of the Mortgage Loan are modified (x) by the Special Servicer in connection with
a work-out or proposed work-out of the Mortgage Loan or (y) otherwise as part of a bankruptcy or other proceeding, such that
(i) the Mortgage Loan principal balance is decreased, (ii) the applicable interest rate on the Mortgage Loan is reduced,
(iii) payments of interest or principal on the Mortgage Loan are waived, reduced or deferred or (iv) any other adjustment is
made to any of the payment terms of the Mortgage Loan, then all payments and other collections with respect to the Trust Loan
will be deemed applied (for purposes of making distributions on the Certificates) as though such work-out did not occur, with
the payment terms of the
Trust Loan and each related Trust Note remaining the same as they are on the Closing Date, and (for purposes of making distributions
on the Certificates and allocating Realized Losses

 

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to the Principal Balance Certificates) the full economic effect of all waivers,
reductions or deferrals of amounts due on the Mortgage Loan attributable to such work-out shall be borne by the respective Notes
in a manner consistent with the payment priorities set forth in the Co-Lender Agreement.

 

(b)
       Collections by or on behalf of the holders of the Notes in respect of each Foreclosed Property
(exclusive of amounts to be applied to the payment of the costs of operating, managing, leasing, maintaining and disposing of
such Foreclosed Property) shall be applied to the amounts due and owing on the Mortgage Loan (which shall be deemed to remain
outstanding) in the following order of priority (and for the following purposes):

 

first,
as a recovery of any related and unreimbursed Property Protection Advances plus interest accrued thereon and, if applicable,
other unreimbursed Trust Fund Expenses (excluding interest on Administrative Advances, Monthly Interest Payment Advances and Companion
Loan Advances);

 

second,
to make (without duplication) payments of interest, principal and reimbursements of any other costs, expenses, advances and losses
on the Trust Notes and the Companion Loan Note(s) in the amounts and order of priority provided in the Co-Lender Agreement; provided,
that for purposes of determining distributions on the Certificates any Liquidation Proceeds, Condemnation Proceeds or Insurance
Proceeds on the Mortgage Loan or Property that would be so allocated as interest and principal on the Trust Notes will be applied
to the Trust Notes in the following amounts and order:

 

(i)
as a recovery of accrued and unpaid interest first, on the Senior Trust Notes, and then, on the Junior Trust Notes, in that order,
in each case to the extent of the excess of (1) accrued and unpaid interest at the respective Interest Rates (without giving
effect to any increase in any such interest rates required under the Mortgage Loan Agreement as a result of a default under the
Trust Loan) through the end of the related Mortgage Loan Interest Accrual Period corresponding to the Payment Date in the Collection
Period in which such collections were received, over (2) the cumulative amount of the reductions (if any) in the amount of
the Monthly Interest Payment Advances for the Trust Loan that have theretofore occurred under Section  3.23(a) in
connection with Appraisal Reduction Amounts (to the extent that collections have not been applied as a recovery of accrued and
unpaid interest pursuant to subclause (iii) of this clause second or subclause (iii) of clause
second of Section 1.3(a) on earlier dates);

 

(ii)
as a recovery of principal of the Trust Loan to the extent of its entire remaining unpaid principal balance, with any such recovery
of principal to be applied, in the following order: (1) first, to the reduction of the aggregate outstanding principal
balance of the Senior Trust Notes; and (ii) second, to the reduction of the aggregate outstanding principal balance of
the Junior Trust Notes;

 

(iii)
as a recovery of accrued and unpaid interest first, on the Senior Trust Notes, and then, on the Junior Trust Note, in that order,
in each case to the extent of the cumulative amount of the reductions (if any) in the amount of the Monthly

 

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Interest Payment Advances
for the Trust Loan that have theretofore occurred under Section  3.23(a) in connection with Appraisal Reduction Amounts
(to the extent that collections have not theretofore been applied as a recovery of accrued and unpaid interest pursuant to this
subclause (iii) or subclause (iii) of clause second of Section 1.3(a) on earlier dates);

 

third,
to any Yield Maintenance Premiums due with respect to the Trust Notes and the Companion Loan Note(s), in the amounts and order
of priority contemplated by the Co-Lender Agreement;

 

fourth,
as a recovery of any assumption fees and modification fees then due and owing under the Mortgage Loan;

 

fifth,
as a recovery of any Default Interest then deemed to be due and owing under the Mortgage Loan; and

 

sixth,
as a recovery of any other amounts (including Operating Advisor Consulting Fees) deemed to be due and owing in respect of the
Mortgage Loan.

 

(c)
        All net present value calculations and determinations made under this Agreement with
respect to the Mortgage Loan, the Trust Loan, the Companion Loan(s), the Property or Foreclosed Property (including for purposes
of the definition of “Accepted Servicing Practices”) shall be made using a discount rate the Special Servicer determines
in accordance with Accepted Servicing Practices is appropriate for the type of cash flows being discounted; namely (i) for
principal and interest payments on the Mortgage Loan, the Trust Loan or the Companion Loan(s), or the sale of the Mortgage Loan,
the Trust Loan or any Companion Loan if it is a defaulted loan the highest of (1) the rate determined by the Special Servicer
that approximates the market rate that would be obtainable by the Borrower on similar debt of the Borrower as of such date of
determination, (2) the applicable Interest Rate, and (3) the current yield on 10-year United States treasuries and (ii) for
all other cash flows, including property cash flow, the “discount rate” set forth in the most recent Appraisal (or
update of such Appraisal).

 

2.           
DECLARATION OF TRUST; ORIGINAL ISSUANCE OF CERTIFICATES

 

2.1         
Creation and Declaration of Trust; Conveyance of the Trust Loan.

 

(a)           The Depositor, concurrently with the execution and delivery hereof, hereby sells, transfers, assigns, delivers, sets over, and
otherwise conveys or causes to be conveyed in trust to the Trustee for the benefit of Certificateholders, without recourse (except
to the extent otherwise provided herein and in the Mortgage Loan Documents), the Depositor’s right, title and interest,
whether now owned or hereafter acquired, now existing or hereafter arising, wherever located, in and to all of the items referred
to in the definition of “Trust Fund”, including without limitation (i) all rights and remedies of the Depositor
under each Trust Loan Purchase Agreement (other than Sections 7(f), 7(h) and 7(i) thereof), (ii) all right, title and
interest of the Depositor in, to and under the Reserve Accounts, (iii) all right, title and interest of the Depositor in
and to the Trust Loan as of the Closing Date, (iv) all right, title and interest of the Depositor in, to and under the Co-Lender
Agreement and (v) all other assets included or to be included in the Lower-Tier REMIC for the benefit of the Upper-Tier REMIC.
Such sale, transfer and assignment include any related escrow accounts and any security

 

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interest under the Trust Loan (whether
in real or personal property and whether tangible or intangible) and all related rights to payments made or required to be made
to the Depositor by the Borrower Related Parties or any other party under the Mortgage Loan Documents relating to the Trust Loan.
Such sale, transfer and assignment further include all of the Depositor’s right, title and interest in and to the Mortgage
Loan Documents, to the extent evidencing, securing, guarantying or otherwise relating to the Trust Loan.

 

It
is expressly agreed and understood that, notwithstanding the assignment of the Mortgage Loan Documents pursuant to the immediately
preceding paragraph, it is expressly intended that the Loan Sellers will retain the rights under, and receive the benefit of,
any securitization cooperation and indemnification provisions in the Mortgage Loan Documents (and such rights and benefits shall
not constitute part of the Trust) including, without limitation, Section 9.2 of the Mortgage Loan Agreement.

 

(b)         
Each Trust Loan Purchase Agreement provides that the related Loan Seller shall deliver to and deposit with, or cause to be delivered
to and deposited with, the Certificate Administrator (in its capacity as the Custodian), in each case, to the extent not already
in the possession of the Certificate Administrator, with copies to the Servicer, (i) on or prior to the Closing Date, (A)
in the case of BMO, each of the original executed Note A-1 and the original executed Note B-1, endorsed on its face or by allonge
thereto (without recourse, representation or warranty, express or implied) to the order of the Trustee in the following form:
“Wilmington Trust, National Association, as Trustee on behalf of the Holders of BWAY Commercial Mortgage Trust 2022-26BW,
Commercial Mortgage Pass-Through Certificates, Series 2022-26BW” (the “Required Form of Endorsement”)
or in blank, and further showing a complete, unbroken chain of endorsement from the originator (if such originator is not the
subject Loan Seller), and (B) in the case of SMC, each of the original executed Note A-2 and the original executed Note B-2, endorsed
on its face or by allonge thereto (without recourse, representation or warranty, express or implied) to the order of the Trustee
in the Required Form of Endorsement or in blank, and further showing a complete, unbroken chain of endorsement from the originator
(if such originator is not the subject Loan Seller), (ii) on or before the Closing Date, copies of the Co-Lender Agreement and
the Companion Loan Notes, and (iii) on or before the date occurring 10 days after the Closing Date (the “Delivery
Date”), the following documents or instruments (each, if not defined in this Agreement, as defined in the Mortgage Loan
Agreement) with respect to the Mortgage Loan (collectively with the original Trust Notes required under clause (i)
above and the copies of the Co-Lender Agreement and the Companion Loan Notes required under clause (ii) above, the “Mortgage
Loan File”), in each case executed by the parties thereto:

 

(A)       
the original or a copy of the Mortgage Loan Agreement, and a copy of all amendments thereto;

 

(B)        
the original or a copy of the Mortgage, together with originals or copies of any and all intervening assignments thereof, in each
case, with evidence of recording thereon (to the extent a recorded copy has been returned to a Loan Seller), and, if the Mortgage
was executed pursuant to a power of attorney, a certified true copy of the power of attorney certified by the public recorder’s
office, with evidence of recording thereon (if recording is customary in the jurisdiction in

 

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which such power of attorney was
executed) or certified by a title insurance company or escrow company to be a true copy thereof;

 

(C)        
the original Assignment of Mortgage, in favor of the Trustee, and in a form that is complete and suitable for recording in the
jurisdiction in which the Property is located, to “Wilmington Trust, National Association, as Trustee on behalf of the Holders
of BWAY Commercial Mortgage Trust 2022-26BW, Commercial Mortgage Pass-Through Certificates, Series 2022-26BW, and the holders
of the Companion Loans, as their interests may appear”, without recourse;

 

(D)        
an original of the Note Splitter and Modification Agreement;

 

(E)        
an original or a copy of the Environmental Indemnity;

 

(F)        
an original or a copy of the Cash Management Agreement;

 

(G)        
an original or a copy of the Clearing Account Agreement;

 

(H)       
the original or a copy of the Assignment of Leases, with evidence of recording thereon (to the extent a recorded copy has been
returned to a Loan Seller), and, if the Assignment of Leases was executed pursuant to a power of attorney, a certified true copy
of the power of attorney certified by the public recorder’s office, with evidence of recording thereon (if recording is
customary in the jurisdiction in which such power of attorney was executed) or certified by a title insurance company or escrow
company to be a true copy thereof;

 

(I)         
the original assignment of the Assignment of Leases, in favor of the Trustee, and in a form that is complete and suitable for
recording in the jurisdiction in which the Property is located to “Wilmington Trust, National Association, as Trustee on
behalf of the Holders of BWAY Commercial Mortgage Trust 2022-26BW, Commercial Mortgage Pass-Through Certificates, Series 2022-26BW
and the holders of the Companion Loans, as their interests may appear”, without recourse;

 

(J)         
where applicable, (1) a copy of each UCC-1 financing statement (the original of which shall have been sent for filing), together
with (2) a fully completed UCC-3 financing statement, in a form that is complete and suitable for filing, disclosing the assignment
from the secured party named in such UCC-1 financing statement to the Trustee of the security interest in the personal property
and other UCC collateral constituting security for repayment of the Mortgage Loan;

 

(K)       
a copy of the lender’s title insurance policy obtained in connection with the origination of the Mortgage Loan (or marked,
signed commitments to insure or pro forma title insurance policies), together with any endorsements thereto;

 

(L)        
an original of the Guaranty;

 

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(M)      
a copy of the Management Agreement;

 

(N)       
an original or a copy of the Assignment of Management Agreement;

 

(O)       
a copy of the Leasing Agreement;

 

(P)        
an original assignment of all unrecorded Mortgage Loan Documents, in favor of the Trustee; and

 

(Q)       
a copy of any and all amendments, modifications and supplements to, and waivers related to, any of the foregoing.

 

If
the Loan Sellers cannot deliver, or cause to be delivered, any of the documents and/or instruments referred to in clauses (iii)(B),
(iii)(C), (iii)(H), (iii)(I) and (iii)(J) above with evidence of filing or recording thereon (if intended
to be recorded or filed), solely because of a delay caused by the public filing or recording office where such document or instrument
has been delivered for filing or recordation, or because the timing of the Delivery Date is such that it would not be feasible
to obtain such documents from such public filing or recording office in sufficient time to meet the delivery requirements of this
Section 2.1(b), or because the original document was lost after recordation, the delivery requirements of this Section 2.1(b)
shall be deemed to have been satisfied on a provisional basis as of the Delivery Date as to such non-delivered document or
instrument, and such non-delivered document or instrument shall be deemed to have been included in the Mortgage Loan File, if
a duplicate original or a photocopy of such non-delivered document or instrument (certified by the applicable public filing or
recording office, the applicable title insurance company or any Loan Seller to be a true and complete copy of the original thereof
submitted for filing or recording) is delivered to the Certificate Administrator (in its capacity as the Custodian), with copies
to the Servicer, on or before the Delivery Date, and either the original of such non-delivered document or instrument (if available),
or a photocopy thereof (certified by the appropriate public filing or recording office, in the case of the documents and/or instruments
referred to in clauses (iii)(B), (iii)(C), (iii)(H), (iii)(I) and (iii)(J) above, to be
a true and complete copy of the original thereof submitted for filing or recording), with evidence of filing or recording thereon,
is delivered to the Certificate Administrator (in its capacity as the Custodian), with copies to the Servicer, within 180 days
of the Closing Date (or within such longer period, not to exceed 18 months, after the Closing Date as the Loan Sellers shall
reasonably require, so long as the Loan Sellers are, as certified in writing to the Certificate Administrator no less often than
every 90 days, commencing on the 180th day from the Closing Date, attempting in good faith to obtain from the appropriate
public filing office or county recorder’s office such original or photocopy).

 

In
addition, the Loan Sellers shall deliver or cause to be delivered to the Servicer for its review, all required insurance policies
or certificates issued by the insurers showing such insurance to be in effect on the Closing Date, together with proof of payment
of premiums relating thereto then due and payable (which may consist of such policies or certificates).

 

The
parties hereto acknowledge that each Trust Loan Purchase Agreement provides that (1) the Mortgage, the Assignment of Mortgage,
the Assignment of Leases, the assignment of Assignment of Leases, each other assignment of a Collateral Security Document (to
the extent such documents are required to be recorded or filed) and UCC financing statements required to be

 

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part of the Mortgage
Loan File shall be filed or recorded, as applicable, by the Loan Sellers (or a third party on their behalf) in the appropriate
filing offices or record depositories, with instructions to return all such recorded documents, or other evidences of filing issued
by the applicable governmental offices, to the Certificate Administrator (in its capacity as the Custodian), with a copy to the
Servicer, and (2) all recording fees relating to the initial recordation of such documents and/or instruments shall be paid
or caused to be paid by the Loan Sellers. In the event that any such document is determined to be defective or not to be in compliance
with the requirements of the applicable filing office or recording depository, or if any such document is lost or returned unrecorded
because of a defect therein, the Loan Sellers are to promptly prepare or cause the preparation of a substitute document, and shall
cause each such document to be duly submitted for filing or recording, as applicable. Notwithstanding anything to the contrary
contained in this Section 2.1(b), in those instances where the public recording office retains the original Mortgage,
Assignment of Mortgage, the Assignment of Leases, the assignment of Assignment of Leases or other assignment of a Collateral Security
Document, if applicable, after any such document has been recorded, the obligations of the Loan Sellers under their respective
Trust Loan Purchase Agreements shall be deemed to have been satisfied upon delivery to the Certificate Administrator (in its capacity
as the Custodian) of a copy of the Mortgage, Assignment of Mortgage, the Assignment of Leases, the assignment of Assignment of
Leases or other assignment of a Collateral Security Document, if applicable, certified by the public recording office to be a
true and complete copy of the recorded original thereof.

 

The
parties hereto acknowledge that each Loan Seller will be solely liable for the delivery of its Notes, and that all Loan Sellers
will be liable for the delivery of the remaining documents and instruments constituting the Mortgage Loan File.

 

In
the event that any letter of credit is delivered by the Borrower under the Mortgage Loan Documents, each Loan Seller is required
under the related Trust Loan Purchase Agreement to deliver, on or before the Delivery Date, the original of such letter of credit
to the Servicer, and the Servicer shall hold the original of such letter of credit on behalf of the Trust and the Companion Loan
Holder(s) and deliver a copy of such letter of credit to the Certificate Administrator (in its capacity as the Custodian).

 

The
ownership of the Trust Notes, the Mortgage, the Collateral Security Documents and all other contents of the Mortgage Loan File
shall be vested in the Trust or the Trustee in trust for the benefit of the Certificateholders and, except for the Trust Notes,
for the benefit of the Companion Loan Holder(s). The Depositor, the Servicer and the Special Servicer agree to take no action
inconsistent with the Trustee’s ownership of the Trust Loan and to promptly indicate to all inquiring parties that the Trust
Loan has been sold and to claim no ownership interest in the Trust Loan. All original documents relating to the Mortgage Loan
that are not delivered to the Certificate Administrator (in its capacity as the Custodian) are and shall be held by the Depositor,
the Servicer or the Special Servicer, as the case may be, in trust for the benefit of the Certificateholders, and the Companion
Loan Holder(s) (except the original Companion Loan Note(s) shall be held by the Companion Loan Holder(s) or their designees).
In the event that any such original document is required pursuant to the terms of this Section 2.1(b) to be a part
of a Mortgage Loan File, such document shall be delivered promptly to the Certificate Administrator (in its capacity as the Custodian).

 

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2.2          
Acceptance by the Trustee and the Certificate Administrator. (a) By its execution
and delivery of this Agreement, the Trustee acknowledges the assignment to it of the Trust Loan in good faith without notice of
adverse claims and the Certificate Administrator declares that it holds and shall hold or shall cause to be held such documents
as are delivered to it constituting the Mortgage Loan File (to the extent the documents constituting the Mortgage Loan File are
actually delivered to it) in trust, upon the conditions herein set forth, for the use and benefit of all present and future Certificateholders
and the Companion Loan Holder(s).

 

(b)           The execution and delivery of this Agreement by the Certificate Administrator shall constitute certification by the Certificate
Administrator on behalf of the Trustee that (i) each original Trust Note specified in clause (i) of the definition
of “Mortgage Loan File” and all allonges thereto, if any, have been received by the Certificate Administrator (in its
capacity as the Custodian); and (ii) such original Trust Note has been reviewed by the Certificate Administrator (in its capacity
as the Custodian) and (A) appears regular on its face (handwritten additions, changes or corrections shall not constitute
irregularities if initialed by the applicable Borrower Related Party), (B) appears to have been executed and (C) purports
to relate to the Trust Loan. The Certificate Administrator (in its capacity as the Custodian) agrees to review the Mortgage Loan
File within 30 days after the Closing Date, and to deliver to the Loan Sellers, the Depositor, the Servicer and the Special
Servicer a report certifying, subject to any exceptions found by it in such review, that (A) all documents referred to in
Section 2.1(b) have been received, and (B) all documents appear to have been executed, appear on their face to be what
they purport to be, purport to be recorded or filed (if and as applicable) and have not been torn, mutilated or otherwise defaced,
and appear on their faces to relate to the Trust Loan specifically or to the Mortgage Loan. The Certificate Administrator (in its
capacity as the Custodian) shall not have any responsibility for reviewing the Mortgage Loan File except as expressly set forth
in this Section 2.2(b). The Certificate Administrator (in its capacity as the Custodian) shall not be under any duty
or obligation to inspect, review, or examine any such documents, instruments or certificates to independently determine that they
are valid, genuine, enforceable, legally sufficient, duly authorized, or appropriate for the represented purpose, whether the text
of any assignment or endorsement is in proper or recordable form (except to determine if the endorsement conforms to the requirements
of Section 2.1(b)), whether any document has been recorded in accordance with the requirements of any applicable jurisdiction,
to independently determine that any document has actually been filed or recorded in the appropriate office, that any document is
other than what it purports to be on its face, or whether the title insurance policies relate to the Property.

 

(c)            Upon the first anniversary of the Closing Date, the Certificate Administrator shall deliver to the Depositor, the Loan Sellers,
the Servicer and the Special Servicer a final exception report as to any remaining documents that are not in the Mortgage Loan
File, whereupon, within 90 days, the Depositor shall either: (i) cause such document deficiency to be cured; or (ii) use
commercially reasonable efforts to cause each related Loan Seller, as applicable to (1) repurchase such Loan Seller’s
Loan Seller Percentage Interest in the Trust Loan from the Trust or (2) make a Loss of Value Payment as described in Section
2.9 in respect of its Loan Seller Percentage Interest in the Trust Loan for losses directly related to such document deficiency,
in each case pursuant to the applicable Trust Loan Purchase Agreement if such exception is a Material Document Defect. Notwithstanding
anything to the contrary herein, no Defect (except for (x) a Defect with respect to the related Notes, Mortgage, Assignment
of Mortgage, Assignment of Leases, assignment of Assignment of Leases, title insurance policies, ground lease(s) (if any) or

 

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PILOT
lease(s) (if any), which Defect shall be deemed to be a Material Document Defect, and (y) a Defect that causes the Trust Loan
to be other than a Qualified Mortgage) shall be considered to be a Material Document Defect unless the document with respect to
which a Defect exists is required in connection with (A) an imminent enforcement of the mortgagee’s rights or remedies
under the Trust Loan; (B) defending any claim asserted by the Borrower or third party with respect to the Trust Loan; (C) establishing
the validity or priority of any lien on any collateral securing the Trust Loan; or (D) any immediate significant servicing
obligations. The Trust’s sole remedy against the Loan Sellers in connection with a Material Document Defect is to enforce
the repurchase claim or Loss of Value Payment, as applicable, in accordance with the provisions of the Trust Loan Purchase Agreements.

 

The Certificate Administrator
and the other parties to this Agreement hereby agree that the scope of the Custodian’s review of the Mortgage Loan File pursuant
to this Section 2.2 by the Certificate Administrator (in its capacity as the Custodian) is limited solely to confirming
that the Mortgage Loan File has been received, the Mortgage Loan Documents comprising the Mortgage Loan File appear regular on
their face and such additional information as will be necessary for delivering the certifications required by Section 2.2(b)
and Section 2.2(c) of this Agreement. In addition, such review is in no way intended to, nor shall it be used to, verify
the content of any collateral descriptions included in any data tapes and shall not otherwise directly or indirectly be reflected
in any offering document. Any review of the Mortgage Loan File by the Certificate Administrator (in its capacity as the Custodian)
and any certification with respect thereto shall not be deemed by the parties to this Agreement to constitute “due diligence
services” or a “third party due diligence report” as such terms are defined in Rule 17g-10 and 15Ga-2, respectively,
under the Exchange Act. Any recipient of the Certificate Administrator’s certification or a copy thereof by its receipt thereof
is deemed to agree, and each party to this Agreement hereby agrees, that it shall not share such certification with any NRSRO or
any party not addressed on such certification. Notwithstanding the foregoing, nothing in this Section 2.2(c) shall
relieve any party to this Agreement from its obligation to deliver information to the Rating Agencies as required under and in
accordance with the terms of this Agreement.

 

(d)           
If the Servicer or the Special Servicer (i) receives or makes any request or demand for repurchase of the Trust Loan
because of a breach of or alleged breach of a representation or warranty or a Defect (any such request or demand for repurchase
or replacement, a “Repurchase Request”, and the Servicer or the Special Servicer, as applicable, to the extent
it receives a Repurchase Request, the “Repurchase Request Recipient” with respect to such Repurchase Request);
or (ii) receives any withdrawal of a Repurchase Request by the Person making such Repurchase Request (or such a Repurchase
Request is forwarded to the Servicer or the Special Servicer by another party hereto), then the Repurchase Request Recipient shall
deliver notice of such Repurchase Request or withdrawal of a Repurchase Request (each, a “Rule 15Ga-1 Notice”)
to each other and to the Depositor and the Loan Seller, in each case within ten (10) Business Days from such party’s receipt
thereof. Each Rule 15Ga-1 Notice may be delivered by electronic means.

 

Each Rule 15Ga-1
Notice shall include (i) the identity of the Property, (ii) the date the Repurchase Request is received or the date any
withdrawal of the Repurchase Request is received, as applicable, (iii) if known, the basis for the Repurchase Request (as
asserted in the

 

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Repurchase Request) and (iv) a statement from the Repurchase Request Recipient as to whether it currently
plans to pursue such Repurchase Request.

 

A Repurchase Request
Recipient shall not be required to provide any information in a Rule 15Ga-1 Notice protected by the attorney-client privilege
or attorney work product doctrines. Each Trust Loan Purchase Agreement shall provide that (i) any Rule 15Ga-1 Notice
provided pursuant to this Section 2.2(d) is so provided only to assist the related Loan Seller and Depositor or their
respective Affiliates to comply with Rule 15Ga-1 under the Exchange Act, Items 1104 and 1121 of Regulation AB
and any other requirement of law or regulation and (ii)(A) no action taken by, or inaction of, a Repurchase Request Recipient
and (B) no information provided pursuant to this Section 2.2(d) by a Repurchase Request Recipient, shall be deemed
to constitute a waiver or defense to the exercise of any legal right the Repurchase Request Recipient may have with respect to
the related Trust Loan Purchase Agreement, including with respect to any Repurchase Request that is the subject of a Rule 15Ga-1
Notice.

 

In the event that the
Depositor, the Trustee or the Certificate Administrator receives a Repurchase Request, such party shall promptly forward or otherwise
provide written notice of such Repurchase Request to the Servicer (or, if relating to the Mortgage Loan while a Special Servicing
Loan Event has occurred and is continuing, to the Special Servicer) and include the following statement in the related correspondence:
“This is a “Repurchase Request” under Section 2.2 of the Trust and Servicing Agreement relating to the
BWAY Commercial Mortgage Trust 2022-26BW, Commercial Mortgage Pass-Through Certificates, Series 2022-26BW requiring action by you
as the “Repurchase Request Recipient” thereunder.” Upon receipt of such Repurchase Request by the Servicer or
the Special Servicer, as applicable pursuant to the prior sentence, such party shall be deemed to be the Repurchase Request Recipient
in respect of such Repurchase Request, and such party shall comply with the procedures set forth in this Section 2.2(d)
with respect to such Repurchase Request.

 

If the Depositor or a
Responsible Officer of the Trustee or the Certificate Administrator receives notice or has knowledge of a withdrawal of a Repurchase
Request of which notice has been previously received or given, and such notice was not received from or copied to the Servicer
or the Special Servicer, then such party shall promptly give notice of such withdrawal to the Servicer or the Special Servicer,
as applicable.

 

2.3          
Representations and Warranties of the Trustee.
(a) Wilmington Trust, National Association, as Trustee hereby represents and warrants to the other parties hereto, and for
the benefit of the Certificateholders and the Companion Loan Holder(s), that as of the Closing Date:

 

(i)            
the Trustee is a national banking association, duly organized, validly existing, and is in good standing under the laws
of the United States; the Trustee possesses and shall continue to possess all requisite authority, power, licenses, permits, franchise
and approvals to conduct its business and to execute, deliver and comply with its obligations under this Agreement;

 

(ii)            the execution and delivery of this Agreement by the Trustee and its performance and compliance with the terms of this Agreement
shall not violate the

 

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Trustee’s organizational documents or any other material instrument governing its operations, or constitute
a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in the breach
of, any material contract, agreement or other instrument to which the Trustee is a party or which may be applicable to the Trustee
or any of its assets, which default or breach of such material contract, agreement or other instrument would have a material adverse
effect on the Trustee’s performance of its obligations hereunder;

 

(iii)          except to the extent that the laws of any jurisdiction in which a part of the Trust Fund may be located require that a co-trustee
or separate trustee be appointed to act with respect to such property as contemplated by Section 8.10, the Trustee
has the full power and authority to enter into and consummate the transactions contemplated by this Agreement, has duly authorized
the execution, delivery and performance of this Agreement, and has duly executed and delivered this Agreement;

 

(iv)          this Agreement, assuming due authorization, execution and delivery by the other parties hereto, constitutes a valid and
binding obligation of the Trustee, enforceable against it in accordance with the terms of this Agreement, except as such enforcement
may be limited by bankruptcy, insolvency, conservatorship, reorganization, receivership, moratorium or other laws relating to or
affecting the rights of creditors generally and by general principles of equity (regardless of whether such enforcement is considered
in a proceeding in equity or at law);

 

(v)           the Trustee is not in violation of, and the execution and delivery of this Agreement by the Trustee and its performance
and compliance with the terms of this Agreement shall not constitute a violation with respect to, any order or decree of any court
or any order, law or regulation of any federal, state, municipal or governmental agency of or in the United States of America having
jurisdiction, which violation would have consequences that would materially and adversely affect the condition (financial or other)
or operations of the Trustee or its properties or might have consequences that would materially affect the performance of its duties
hereunder or thereunder;

 

(vi)          no consent, approval, authorization or order of, or registration of filing with, or notice to any court, governmental or
regulatory agency or body, is required for the execution, delivery and performance by the Trustee of this Agreement or if required,
such approval has been obtained prior to the Closing Date;

 

(vii)         no litigation is pending or, to the best of the Trustee’s knowledge, threatened against the Trustee which would prohibit
its entering into or materially and adversely affect its ability to perform its obligations under this Agreement;

 

(viii)        the Trustee is covered by errors and omissions insurance and fidelity bond coverage which is in full force and effect or
otherwise complies with the requirements of Section 8.6(b) hereof;

 

(ix)           the Trustee is a Qualified Trustee; and

 

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(x)           to its actual knowledge, the Trustee is not a Risk Retention Affiliate of the Third Party Purchaser;

 

(b)          The respective representations and warranties of the Trustee set forth in this Section 2.3 shall survive until
the termination of this Agreement, and shall inure to the benefit of the other parties hereto, the Certificateholders and the Companion
Loan Holder(s).

 

2.4          Representations
and Warranties of the Certificate Administrator.  (a) Computershare Trust Company, National Association, as Certificate
Administrator, hereby represents and warrants to the other parties hereto, and for the benefit of the Certificateholders and the
Companion Loan Holder(s), that as of the Closing Date:

 

(i)            the Certificate Administrator is a national banking association, duly organized, validly existing, and is in good standing
under the laws of the United States; the Certificate Administrator possesses and shall continue to possess all requisite authority,
power, licenses, permits, franchise and approvals to conduct its business and to execute, deliver and comply with its obligations
under this Agreement;

 

(ii)           the execution and delivery of this Agreement by the Certificate Administrator and its performance and compliance with the
terms of this Agreement shall not violate the Certificate Administrator’s organizational documents or any other material
instrument governing its operations, or constitute a default (or an event which, with notice or lapse of time, or both, would constitute
a default) under, or result in the breach of, any material contract, agreement or other instrument to which the Certificate Administrator
is a party or which may be applicable to the Certificate Administrator or any of its assets, which default or breach of such material
contract, agreement or other instrument would have a material adverse effect on the Certificate Administrator’s performance
of its obligations hereunder;

 

(iii)          the Certificate Administrator has the full power and authority to enter into and consummate the transactions contemplated
by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered
this Agreement;

 

(iv)          this Agreement, assuming due authorization, execution and delivery by the other parties hereto, constitutes a valid and
binding obligation of the Certificate Administrator, enforceable against it in accordance with the terms of this Agreement, except
as such enforcement may be limited by bankruptcy, insolvency, conservatorship, reorganization, receivership, moratorium or other
laws relating to or affecting the rights of creditors generally and by general principles of equity (regardless of whether such
enforcement is considered in a proceeding in equity or at law);

 

(v)           the Certificate Administrator is not in violation of, and the execution and delivery of this Agreement by the Certificate
Administrator and its performance and compliance with the terms of this Agreement shall not constitute a violation with respect
to, any order or decree of any court or any order, law or regulation of any federal, state, municipal or governmental agency of
or in the United States of America having

 

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jurisdiction, which violation would have consequences that would materially and adversely
affect the condition (financial or other) or operations of the Certificate Administrator or its properties or might have consequences
that would materially affect the performance of its duties hereunder or thereunder;

 

(vi)          no consent, approval, authorization or order of, or registration of filing with, or notice to any court, governmental or
regulatory agency or body, is required for the execution, delivery and performance by the Certificate Administrator of this Agreement
or if required, such approval has been obtained prior to the Closing Date;

 

(vii)         no litigation is pending or, to the best of the Certificate Administrator’s knowledge, threatened against the Certificate
Administrator which would prohibit its entering into or materially and adversely affect its ability to perform its obligations
under this Agreement;

 

(viii)        the Certificate Administrator is covered by errors and omissions insurance coverage which is in full force and effect or
otherwise complies with the requirements of Section 8.6(b) hereof;

 

(ix)           the Certificate Administrator is a Qualified Certificate Administrator; and

 

(x)            to its actual knowledge, the Certificate Administrator is not a Risk Retention Affiliate of the Third Party Purchaser.

 

(b)           The respective representations and warranties of the Certificate Administrator set forth in this Section 2.4
shall survive until the termination of this Agreement, and shall inure to the benefit of the other parties hereto, the Certificateholders
and the Companion Loan Holder(s).

 

2.5          
Representations and Warranties of the Servicer. (a) KeyBank National Association, as Servicer, hereby represents
and warrants to the other parties hereto, and for the benefit of the Certificateholders and the Companion Loan Holder(s), that
as of the Closing Date:

 

(i)            
it is a national banking association, duly organized, validly existing, and is in good standing under the laws of the United
States; it is, and throughout the term of this Agreement shall remain, duly authorized and qualified to transact business in the
jurisdiction where the Property is located to the extent required by applicable law and necessary to ensure the enforceability
of the Mortgage Loan in accordance with the terms thereof and hereof; it possesses and shall continue to possess all requisite
authority, power, licenses, permits, franchise, and approvals to conduct its business and to execute, deliver, perform and comply
with its obligations under this Agreement;

 

(ii)            the execution and delivery of this Agreement and its performance of and compliance with the terms hereof in the manner contemplated
by this Agreement shall not violate its organizational documents or any other material instrument governing its operations, or
any laws, regulations, orders or decrees of any governmental authority applicable to it and shall not constitute a default (or
any event which, with notice or lapse of time or both, would constitute a default) under any material contract, agreement, or other

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instrument to which it is a party or which may be applicable to any of its assets, which violation or default would have consequences
that would materially and adversely affect its financial condition or operations or its properties taken as a whole or its ability
to perform its obligations hereunder, or materially impair the ability of the Trust to realize on the Collateral;

 

(iii)          this Agreement constitutes its valid, legal, and binding obligation enforceable against it in accordance with its terms,
subject to (i) applicable bankruptcy, insolvency, reorganization, receivership, conservatorship, moratorium and other laws
affecting the enforcement of creditors’ rights generally, (ii) general principles of equity, regardless of whether such
enforcement is considered in a proceeding in equity or at law, including those respecting the availability of specific performance
and (iii) public policy regarding the enforceability of indemnification, contribution and exculpation provisions as to securities
law violations;

 

(iv)          it has the full power and authority to enter into and consummate the transactions contemplated by this Agreement;

 

(v)           this Agreement has been duly executed and delivered by it;

 

(vi)          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 it have been obtained or made;

 

(vii)         there is no pending action, suit or proceeding, arbitration or governmental investigation against it, the outcome of which,
in its reasonable judgment, could reasonably be expected to prohibit it from entering into this Agreement or materially and adversely
affect its ability to perform its obligations under this Agreement;

 

(viii)        it has errors and omissions insurance and fidelity bond coverage which is in full force and effect and complies with the
requirements of Section 3.11 or it self-insures for such fidelity bond and errors and omissions coverage in compliance
with the requirements of Section 3.11 of this Agreement; and

 

(ix)           to its actual knowledge, the Servicer is not a Risk Retention Affiliate of the Third Party Purchaser.

 

(b)           The representations and warranties of the Servicer set forth in this Section 2.5 shall survive until termination
of this Agreement, and shall inure to the benefit of the parties hereto, the Certificateholders and the Companion Loan Holder(s).

 

2.6          
Representations and Warranties of the Special Servicer. (a)
KeyBank National Association, as Special Servicer, hereby represents
and warrants to the other parties hereto, and for the benefit of the Certificateholders and the Companion Loan Holder(s), that
as of the Closing Date:

 

(i)            
it is a national banking association, duly organized, validly existing, and is in good standing under the laws of the United
States; it is, and throughout the term of this

 

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Agreement shall remain, duly authorized and qualified to transact business in the
jurisdiction where the Property is located to the extent required by applicable law and necessary to ensure the enforceability
of the Mortgage Loan in accordance with the terms thereof and hereof; it possesses and shall continue to possess all requisite
authority, power, licenses, permits, franchise, and approvals to conduct its business and to execute, deliver, and comply with
its obligations under this Agreement; provided, that it may comply with its obligations to possess such licenses in any
particular jurisdiction where the Property is located as are necessary to conduct its business and to execute, deliver, and comply
with its obligations under this Agreement in such jurisdiction if a Sub-Servicer engaged by it in accordance with this Agreement
possesses all such necessary licenses in such jurisdiction, and the Special Servicer’s compliance with its applicable obligations
hereunder through such Sub-Servicer would be permissible under applicable law, would be effective to ensure the enforceability
of the Mortgage Loan in accordance with the terms thereof and hereof, and would provide the Special Servicer with all power, licenses
(itself or through its Sub-Servicer), permits, franchise, and approvals to conduct its business and to execute, deliver, and comply
with its obligations under this Agreement;

 

(ii)            the execution and delivery of this Agreement and its performance of and compliance with the terms hereof in the manner contemplated
by this Agreement shall not violate its organizational documents or any other material instrument governing its operations, or
any laws, regulations, orders or decrees of any governmental authority applicable to it and shall not constitute a default (or
any event which, with notice or lapse of time or both, would constitute a default) under any material contract, agreement, or other
instrument to which it is a party or which may be applicable to any of its assets, which violation or default would have consequences
that would materially and adversely affect its financial condition or operations or its properties taken as a whole or its ability
to perform its obligations hereunder, or materially impair the ability of the Trust to realize on the Collateral;

 

(iii)           this Agreement constitutes its valid, legal, and binding obligation enforceable against it in accordance with its terms,
subject to (i) applicable bankruptcy, insolvency, reorganization, receivership, conservatorship, moratorium and other laws
affecting the enforcement of creditors’ rights generally and (ii) general principles of equity, regardless of whether
such enforcement is considered in a proceeding in equity or at law, including those respecting the availability of specific performance;

 

(iv)           it has the full power and authority to enter into and consummate the transactions contemplated by this Agreement;

 

(v)            this Agreement has been duly executed and delivered by it;

 

(vi)           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 it have been obtained or made;

 

(vii)          there is no pending action, suit or proceeding, arbitration or governmental investigation against it, the outcome of which,
in its reasonable judgment, could reasonably

 

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be expected to prohibit it from entering into this Agreement or materially and adversely
affect its ability to perform its obligations under this Agreement; and

 

(viii)        it has errors and omissions insurance and fidelity bond coverage which is in full force and effect and complies with the
requirements of Section 3.11 or it self-insures for such fidelity bond and errors and omissions coverage in compliance
with the requirements of Section 3.11 of this Agreement.

 

(b)           The representations and warranties of the Special Servicer set forth in this Section 2.6 shall survive until
termination of this Agreement, and shall inure to the benefit of the parties hereto, the Certificateholders and the Companion Loan
Holder(s).

 

2.7          
Representations and Warranties of the Depositor.
(a) The Depositor hereby represents and warrants to the other parties hereto, and for the benefit of the Certificateholders, that
as of the Closing Date:

 

(i)            the Depositor is a limited liability company, duly organized, validly existing and in good standing under the laws of the
State of Delaware, with full power and authority to own its property, to carry on its business as presently conducted, to enter
into and perform its obligations under this Agreement, and to create the trust pursuant hereto;

 

(ii)           the execution, delivery and performance of this Agreement by the Depositor have been duly authorized by all necessary corporate
action on the part of the Depositor; neither the execution, delivery and performance of this Agreement, nor the consummation of
the transactions herein contemplated, nor the compliance with the provisions hereof, shall conflict with or result in a breach
of, or constitute a default under (A) any of the provisions of any law, rule, regulation, judgment, decree or order binding
on the Depositor, (B) the organizational documents of the Depositor, or (C) the terms of any indenture or other agreement
or instrument to which the Depositor is a party or by which it is bound or any statute, order or regulation of any court, regulatory
body, administrative agency or governmental body having jurisdiction over it;

 

(iii)          the execution, delivery and performance by the Depositor of this Agreement and the consummation of the transactions contemplated
hereby and thereby do not require the consent or approval of, the giving of notice to, the registration with, or the taking of
any other action in respect of, any state, federal or other governmental authority or agency, except such as has been obtained,
given, effected or taken prior to the date hereof;

 

(iv)          this Agreement has been duly executed and delivered by the Depositor and, assuming due authorization, execution and delivery
by the other parties hereto, constitutes a valid and binding obligation of the Depositor enforceable against it in accordance with
its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium or other
similar laws relating to or affecting the rights of creditors generally, and by general equity principles (regardless of whether
such enforcement is considered in a proceeding in equity or at law);

 

(v)           there
are no actions, suits or proceedings pending or, to the best of the Depositor’s knowledge, threatened or likely to be asserted
against or affecting the

 

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Depositor, before or by any court, administrative agency, arbitrator or governmental body
(A) with respect to any of the transactions contemplated by this Agreement or (B) with respect to any other matter which
in the judgment of the Depositor shall be determined adversely to the Depositor and shall, if determined adversely to the Depositor,
materially and adversely affect its ability to perform its obligations under this Agreement;

 

(vi)          the Depositor is not in default with respect to any order or decree of any court or any order, regulation or demand of any
federal, state, municipal or governmental agency, which default would materially and adversely affect the ability of the Depositor
to perform its obligations hereunder;

 

(vii)         other than the actions taken pursuant to this Agreement, the Depositor has taken no action to impair or encumber the title
to the Trust Loan or to subject it to any offsets, defenses or counterclaims during the Depositor’s ownership thereof;

 

(viii)         the Depositor is accounting for the transfer of the Trust Loan as a sale under generally accepted accounting principles
and for federal income tax purposes;

 

(ix)            the Depositor is not, and, after giving effect to the transfers contemplated under this Agreement, shall not be, insolvent;
and

 

(x)            
the Depositor has not transferred the Trust Loan with an intent to hinder, delay or defraud its creditors.

 

(b)           
The representations and warranties of the Depositor set forth in this Section 2.7 shall survive until termination
of this Agreement, and shall inure to the benefit of the Certificateholders and the parties to this Agreement.

 

(c)            
Neither the Depositor nor any of its Affiliates shall insure or guarantee distributions on the Certificates. Subject to
Section  2.7(a) and (b), none of the Certificateholders, the Trustee, or the Certificate Administrator on their
behalf shall have any rights or remedies against the Depositor for any losses or other claims in connection with the Certificates
or the Mortgage Loan.

 

2.8          
Representations and Warranties
of the Operating Advisor. (a) Pentalpha Surveillance LLC, as Operating Advisor, hereby represents and warrants to the other
parties hereto, and for the benefit of the Certificateholders, that as of the Closing Date:

 

(i)       The
Operating Advisor is a limited liability company, duly organized, validly existing and in good standing under the laws of the State
of Delaware; and the Operating Advisor is in compliance with the laws of each jurisdiction in which a Property is located to the
extent necessary to perform its obligations under this Agreement;

 

(ii)       The
execution and delivery of this Agreement by the Operating Advisor, and the performance and compliance with the terms of this Agreement
by the Operating Advisor, do not violate the Operating Advisor’s organizational documents or constitute a default (or an
event that, with notice or lapse of time, or both, would constitute a default) under, or result in the breach of, any material
agreement or other instrument to which it is

 

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a party or that is applicable to
it or any of its assets, in each case, which does or is likely to materially and adversely affect the ability of the Operating
Advisor to perform its obligations under this Agreement; 

 

(iii)       The
Operating Advisor has the full power and authority to enter into and consummate all transactions contemplated by this Agreement,
has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered this Agreement;

 

(iv)       This
Agreement, assuming due authorization, execution and delivery by each of the other parties hereto, constitutes a valid, legal and
binding obligation of the Operating Advisor, enforceable against the Operating Advisor in accordance with the terms hereof, subject
to (A) applicable bankruptcy, receivership, insolvency, liquidation, fraudulent transfer, reorganization, moratorium and other
laws affecting the enforcement of creditors’ rights generally, (B) general principles of equity, regardless of whether such
enforcement is considered in a proceeding in equity or at law, and (C) public policy considerations regarding the enforceability
of provisions providing or purporting to provide indemnification or contribution with respect to violations of securities laws;

 

(v)       The
Operating Advisor is not in violation of, and its execution and delivery of this Agreement and its performance and compliance with
the terms of this Agreement do not constitute a violation of, any law, any order or decree of any court or arbiter, or any order,
regulation or demand of any federal, state or local governmental or regulatory authority, which violation, in the Operating Advisor’s
good faith and reasonable judgment, is likely to affect materially and adversely the ability of the Operating Advisor to perform
its obligations under this Agreement;

 

(vi)       No
litigation is pending or, to the best of the Operating Advisor’s knowledge, threatened against the Operating Advisor that
would prohibit the Operating Advisor from entering into this Agreement or, in the Operating Advisor’s good faith and reasonable
judgment, is likely to materially and adversely affect the ability of the Operating Advisor to perform its obligations under this
Agreement;

 

(vii)      The
Operating Advisor has errors and omissions insurance coverage that is in full force and effect, which complies with the requirements
of Section 3.11(f) hereof;

 

(viii)     The
Operating Advisor is an Eligible Operating Advisor;

 

(ix)       The
Operating Advisor possesses sufficient financial strength to fulfill its duties and responsibilities pursuant to this Agreement
over the life of the Trust Fund; and

 

(x)         No
consent, approval, authorization or order of, or filing or registration with, any state or federal court or governmental agency
or body is required for the consummation by the Operating Advisor of the transactions contemplated by this Agreement, except for
any consent, approval, authorization or order which has not been obtained or cannot be obtained prior to the Closing Date, and
which, if not obtained

 

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would not have a materially adverse effect on the ability of the Operating Advisor to perform its obligations
hereunder.

 

(b)               The
representations and warranties of the Operating Advisor set forth in this Section 2.8 shall survive until termination of this Agreement,
and shall inure to the benefit of the parties hereto and the Certificateholders.

 

2.9             Representations and Warranties Contained in
the Trust Loan Purchase Agreements.

 

(a)            
Upon discovery by the Servicer, the Special Servicer, the Certificate Administrator or the Trustee of (i) a Material
Breach of any representation and warranty set forth in Exhibit A to any Trust Loan Purchase Agreement, which representation
and warranty was made by the related Loan Seller in such Trust Loan Purchase Agreement and has been assigned to the Trustee pursuant
to Section 2.1 hereof, or (ii) a Material Document Defect under any Trust Loan Purchase Agreement, such Person
shall give prompt notice thereof to the other parties hereto, and upon receipt of such notice the Servicer (if the Mortgage Loan
is not a Specially Serviced Loan) or the Special Servicer (if the Mortgage Loan is a Specially Serviced Loan) shall use commercially
reasonable efforts to cause each related Loan Seller, to the extent obligated to do so under the applicable Trust Loan Purchase
Agreement, to cure such default or defect, make a Loss of Value Payment to the Trust or repurchase such Loan Seller’s Loan
Seller Percentage Interest in the Trust Loan under the terms of and within the time period specified by the applicable Trust Loan
Purchase Agreement, it being understood and agreed that none of such Persons has an obligation to conduct any investigation with
respect to such matters. It is understood and agreed that (i) any repurchase obligations of any Loan Seller under the related Trust
Loan Purchase Agreement require the applicable Loan Seller to repurchase only its respective Loan Portion, and no Loan Seller shall
have any obligation, liability or responsibility with respect to any obligations of the other Loan Seller and (ii) the obligations
of the Loan Sellers referred to in this Section 2.9(a) shall be the sole remedies available to the Certificateholders
and the Trustee on their behalf respecting a Material Breach of any representation and warranty made by the Loan Sellers or a Material
Document Defect.

 

(b)           
Upon receipt by the Servicer from a Loan Seller of the applicable Repurchase Price for the applicable Loan Seller Percentage
Interest in the Trust Loan: (i) the Servicer shall deposit such amount in the Collection Account; (ii) the Certificate Administrator
(in its capacity as the Custodian) shall, upon receipt of a certificate of a Servicing Officer certifying as to (1) the receipt
by the Servicer of such Repurchase Price and the deposit of such Repurchase Price into the Collection Account pursuant to this
Section 2.9(b) and (2) compliance with the conditions set forth in subsection (c) below, release or cause
to be released to the designee of such Loan Seller (which designee may be such Loan Seller itself) the Trust Notes being repurchased
by such Loan Seller (endorsed as requested by such Loan Seller) and, assuming all of the Loan Sellers are repurchasing their respective
Loan Seller Percentage Interests in the Trust Loan, release or cause to be released to the designee of the Loan Sellers the other
documents constituting the Mortgage Loan File (in addition to the Trust Notes); (iii) assuming that all of the Loan Sellers are
repurchasing their respective Loan Seller Percentage Interests in the Trust Loan, the Trustee shall execute and deliver to
the designee of the Loan Sellers (which designee may be a Loan Seller itself) such instruments of transfer or assignment, in each
case without

 

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recourse, representation or warranty (except that the Trust Loan (or the portion thereof being repurchased) is owned
by the Trust and is being sold free and clear of liens and encumbrances), as shall be prepared by such designee to vest in such
designee the Trust Loan (or the applicable portion thereof) released pursuant hereto, and the Certificate Administrator, the Trustee,
the Servicer and the Special Servicer shall have no further responsibility with regard to the Mortgage Loan File (or portion thereof)
so released (if and to the extent released in accordance with this Section 2.9(b)); and (iv) assuming that all of the Loan
Sellers are repurchasing their respective Loan Seller Percentage Interests in the Trust Loan, each of the Servicer, the Special
Servicer, the Trustee and the Certificate Administrator shall release or cause to be released to the designee of the Loan Sellers
copies of any servicing file, servicing records, escrow payments and reserve funds held thereby in respect of the Trust Loan.

 

(c)            
If the Servicer continues to service the Mortgage Loan under this Agreement pursuant to the terms of the Co-Lender Agreement
following any Loan Seller’s repurchase of its related Loan Seller Percentage Interest in the Trust Loan in accordance with
the terms of the related Trust Loan Purchase Agreement, then the Servicer shall not be required to make any Monthly Interest Payment
Advance with respect to such Loan Seller Percentage Interest in the Trust Loan. To the extent that the Loan Sellers repurchase
the Trust Loan as contemplated by Section 8 of the respective Trust Loan Purchase Agreements, unless otherwise agreed to by each
Loan Seller and the Companion Loan Holders, the Mortgage Loan shall continue to be serviced by the Servicer, and if applicable,
the Special Servicer in accordance with the terms of this Agreement, on behalf of the Loan Sellers and the Companion Loan Holders
as a collective whole, until the holder of the controlling note under the Co-Lender Agreement has otherwise notified the Servicer,
the Special Servicer, the Custodian, the Certificate Administrator and the Trustee in writing. Unless otherwise agreed by the Loan
Sellers and the Companion Loan Holders, the Servicer shall be the only Servicer under the Co-Lender Agreement, the Special Servicer
shall be the only Special Servicer under the Co-Lender Agreement and all servicing and other decisions regarding the Mortgage Loan
shall be made by the Loan Sellers and the Companion Loan Holders as and to the extent set forth in the Co-Lender Agreement.

 

(d)           
Notwithstanding anything contained herein to the contrary, if one Loan Seller repurchases its Loan Seller Percentage Interest
in the Trust Loan pursuant to Section 8 of its Trust Loan Purchase Agreement (such Loan Seller, a “Repurchasing Loan Seller”),
and the other Loan Seller does not repurchase its Loan Seller Percentage Interest in the Trust Loan pursuant to Section 8 of its
Trust Loan Purchase Agreement, then (i) the Trust Loan shall continue to be serviced by the Servicer and, if applicable, the Special
Servicer, in accordance with the terms of this Agreement and the Co-Lender Agreement, on behalf of the Repurchasing Loan Seller(s),
the Certificateholders and the Companion Loan Holders as a collective whole, and the Servicer or the Special Servicer, as applicable,
shall be the sole representative of the lender(s) under the Mortgage Loan in connection with any enforcement, bankruptcy or other
proceeding, (ii) the Custodian shall retain all portions of the Mortgage File (other than the Trust Notes relating to the Repurchasing
Loan Seller’s Loan Seller Percentage Interest in the Trust Loan), (iii) the Repurchasing Loan Seller shall be deemed a Companion
Loan Holder and the Trust Notes repurchased by it shall be deemed to be Companion Loan Notes evidencing Companion Loans, (iv) the
Trust Loan shall be deemed to consist solely of that portion of the Mortgage Loan evidenced by the Trust Notes that remain in the
Trust, (v) the Repurchasing Loan Seller shall be entitled to receive on each Remittance Date such amounts as it is entitled under
the Co-Lender

 

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Agreement as holder of its repurchased Notes and shall provide wiring or other remittance instructions for such remittances,
(vi) the Repurchasing Loan Seller shall be entitled to receive any and all reports and have access to any and all information that
a Certificateholder would otherwise have under the terms of this Agreement, (vii) no amendment may be made to this Agreement that
would materially and adversely affect the rights of the Repurchasing Loan Seller in respect of the Repurchasing Loan Seller’s
Loan Seller Percentage Interest in the Trust Loan without the consent of the Repurchasing Loan Seller, (viii) the Trustee shall
remain the mortgagee of record, (ix) compensation shall be paid to the Servicer and/or the Special Servicer, as applicable, with
respect to each repurchased Note as provided in this Agreement as if each such Note were a Companion Loan (unless otherwise agreed
between the Servicer and/or the Special Servicer, as applicable, and the applicable Loan Seller), and (x) to the extent this Agreement
refers to the “Mortgage Loan File”, such references shall be construed to mean the Mortgage Loan File for the entire
Mortgage Loan (except that references to any Trust Note in favor of the Repurchasing Loan Seller shall be construed to instead
refer to a copy of such Trust Note). Neither the Servicer nor the Trustee shall make any Monthly Interest Payment Advance or Administrative
Advance with respect to any Loan Seller Percentage Interest in the Trust Loan that has been repurchased as described herein.

 

(e)            
[Reserved].

 

(f)            
Notwithstanding the foregoing provisions of this Section 2.9, in lieu of a Loan Seller performing its obligations
with respect to any Material Breach or Material Document Defect as set forth above, to the extent that such Loan Seller and the
Servicer or the Special Servicer, as applicable, are in any such case able to agree upon a cash payment payable by such Loan Seller
to the Trust that would be deemed sufficient to compensate the Trust for the applicable Loan Seller Percentage Interest of the
losses related to such Material Breach or Material Document Defect (a “Loss of Value Payment”), such Loan Seller
may elect, in its sole discretion, to pay such Loss of Value Payment to the Trust, and the amount of such Loss of Value Payment
shall be deposited into the Loss of Value Reserve Fund to be applied in accordance with Section 3.4(f) of this Agreement;
provided that a Material Breach or a Material Document Defect that causes the Trust Loan to not constitute a Qualified Mortgage
may not be cured by a Loss of Value Payment. If the Trust Loan is not part of a Specially Serviced Mortgage Loan, the Servicer’s
agreement with a Loan Seller as to any Loss of Value Payment shall be subject to the reasonable approval of the Special Servicer
(with the consent of any Consenting Party). In connection with obtaining the Special Servicer’s approval, the Servicer shall
upon request promptly provide the Special Servicer with a copy of the servicing file for the Trust Loan in order to enable the
Special Servicer to exercise its approval right. Any agreement by the Special Servicer with a Loan Seller as to any Loss of Value
Payment with respect to the Trust Loan while a Special Servicing Loan Event exists shall be subject to the consent of any Consenting
Party. The Loss of Value Payment shall include the portion of any Liquidation Fees payable to the Special Servicer in respect of
such Loss of Value Payment. Upon its making such Loss of Value Payment, the related Loan Seller shall be deemed to have cured such
Material Breach or Material Document Defect on its part in all respects. Provided that such Loss of Value Payment is made, this
paragraph describes the sole remedy available to the Certificateholders or the Trust against the related Loan Seller regarding
any such Material Breach or Material Document Defect in respect of which such Loss of Value Payment is accepted, and the related
Loan Seller shall not

 

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be obligated to repurchase or replace its Loan Seller Percentage Interest the Trust Loan or otherwise cure
such Material Breach or Material Document Defect.

 

2.10         
Execution and Delivery of Certificates;;
Issuance of Uncertificated Lower-Tier Interests. The Trustee acknowledges the assignment in trust by the Depositor to
the Trustee of the Trust Notes and other assets comprising the Trust Fund. Concurrently with such assignment and delivery and in
exchange therefor, (i) the Trustee acknowledges the issuance of (A) the Uncertificated Lower-Tier Interests to the Depositor
and (B) the Class LT-R Interest, in exchange for the Trust Loan, receipt of which is hereby acknowledged, (ii) the
Trustee acknowledges the contribution of the Uncertificated Lower-Tier Interests to the Upper-Tier REMIC, (iii) the Certificate
Administrator acknowledges that it (A) has executed and has authenticated and delivered to or upon the order of the Depositor,
the Regular Certificates, and has caused the Trust to issue the Class UT-R Interest, in exchange for the Uncertificated Lower-Tier
Interests, and (B) has executed and has authenticated and delivered to or upon the order of the Depositor, the Class R
Certificates, representing the Class LT-R and Class UT-R Interests and (iv) the Depositor hereby acknowledges the
receipt by it or its designees of the Regular Certificates in authorized denominations and the Class UT-R Interest evidencing the
entire beneficial ownership of the Upper-Tier REMIC.

 

2.11         
Miscellaneous REMIC Provisions.
(a) The Class A, Class X, Class B, Class C, Class D, Class E,
Class F, Class G and Class HRR Certificates are hereby designated as the “regular interests” in the Upper-Tier REMIC
within the meaning of Section 860G(a)(1) of the Code, and the Class UT-R Interest is hereby designated as the sole class
of “residual interests” in the Upper-Tier REMIC within the meaning of Section 860G(a)(2) of the Code.

 

(b)           
The Class LA, Class LB, Class LC, Class LD, Class LE, Class
LF, Class LG and Class LHRR Uncertificated Interests are hereby designated as the “regular interests” in the
Lower-Tier REMIC within the meaning of Section 860G(a)(1) of the Code, and the Class LT-R Interest is hereby designated
as the sole class of “residual interests” in the Lower-Tier REMIC within the meaning of Section 860G(a)(2) of
the Code.

 

2.12         
Bare Trust. Notwithstanding anything
else in this Agreement, the parties acknowledge that the trust established under this Agreement is intended to be treated as a
bare trust for Canadian federal income tax purposes. Accordingly, the parties to this Agreement agree not to make any Canadian
tax filing or take any Canadian tax position that is inconsistent with the treatment of the trust as a bare trust. For the avoidance
of doubt, none of the Trustee, the Certificate Administrator or any other party to this Agreement is responsible for any Canadian
tax administration, or has any liability for any Canadian tax consequences.

 

3.              
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOAN

 

3.1          
Servicer to Act as the Servicer; Special Servicer to Act as the Special Servicer. The Servicer and the Special Servicer,
as the case may be, each as an independent contractor, shall service and administer the Mortgage Loan and any Foreclosed Property
solely on behalf of the Trust and the Companion Loan Holder(s), in the best interest of, and for the benefit of, the Certificateholders
and the Companion Loan Holder(s), as a collective whole as if such Certificateholders and such Companion Loan Holder(s) constituted
one lender (as determined by

 

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the Servicer or the Special Servicer, as applicable, in the exercise of its good faith and reasonable
judgment), in accordance with applicable law (including the REMIC Provisions), the terms of this Agreement, the Mortgage Loan Documents,
the Co-Lender Agreement, any related mezzanine intercreditor agreement and, to the extent consistent with the foregoing, the following
standards (herein referred to as “Accepted Servicing Practices”): (i) the higher of (a) in the same
manner in which and with the same care, skill, prudence and diligence with which the Servicer or the Special Servicer, as applicable,
services and administers similar loans and administers foreclosed or other similarly situated properties for third-party portfolios,
giving due consideration to customary and usual standards of practice of prudent institutional commercial mortgage loan servicers
in servicing mortgage loans and administering foreclosed properties, and (b) with the same care, skill, prudence and diligence
with which the Servicer or the Special Servicer, as applicable, uses for loans that it owns or for foreclosed or other similarly
situated properties it services and manages, in either case exercising reasonable business judgment, acting in accordance with
applicable laws; (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, in the reasonable judgment of the Special
Servicer, no satisfactory arrangements can be made for the collection of the delinquent payments, the maximization of the recovery
on the Mortgage Loan to the Certificateholders and the Companion Loan Holder(s) (as a collective whole as if the Certificateholders
and the Companion Loan Holder(s) constituted a single lender) on a net present value basis and (b) the Borrower Reimbursable
Trust Fund Expenses and, any other fees or expenses and any other amounts due under the Mortgage Loan; and (iii) without regard
to:

 

(A)          any relationship that the Servicer or the Special Servicer or any Affiliate thereof may have with any Borrower Restricted
Party, any Loan Seller, the Depositor, any Companion Loan Holder or any of their respective Affiliates;

 

(B)          
the ownership of any Certificate, Companion Loan or any mezzanine loan or any interest in any Companion Loan or any mezzanine
loan by the Servicer or the Special Servicer or by any Affiliate of the Servicer or the Special Servicer;

 

(C)          
in the case of the Servicer, its obligation to make Advances;

 

(D)          the right of the Servicer or the Special Servicer or any Affiliate thereof to receive reimbursement of costs, compensation
or other fees (other than 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 Servicer or the Special Servicer.

 

Subject to Accepted Servicing
Practices and the terms of this Agreement and the Mortgage Loan Documents, the Co-Lender Agreement and any related mezzanine intercreditor
agreement, the Servicer and the Special Servicer each shall have full power and authority, acting alone and/or through one or more
sub-servicers as provided in Section 3.2, to do or cause to be done any and all things in connection with such servicing
and administration which it may deem necessary or desirable. The Servicer and the Special Servicer shall service and administer
the

 

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Mortgage Loan in accordance with applicable state and federal law. At the written request of the Servicer or the Special Servicer,
as applicable, accompanied by the form of power of attorney or other documents being requested, the Trustee shall furnish to the
Servicer or the Special Servicer any powers of attorney and other documents necessary or appropriate to enable the Servicer or
the Special Servicer to carry out its servicing and administrative duties hereunder, and the Trustee shall not be held responsible
(and shall be indemnified by the Servicer or the Special Servicer, as applicable) for any negligence or misuse by the Servicer
or the Special Servicer in its uses of any such powers of attorney or other document. Notwithstanding anything contained herein
to the contrary, the Servicer and the Special Servicer shall not without the Trustee’s or the Certificate Administrator’s,
as applicable, prior written consent: (i) initiate any action, suit or proceeding solely under the Trustee’s name without
indicating the representative capacity of the Servicer or the Special Servicer, as applicable, or (ii) take any action with
the intent to, and which actually does cause, the Trustee to be registered to do business in any state.

 

The liability of each
of the Servicer and the Special Servicer, as applicable, for actions and omissions in its capacity as the Servicer and the Special
Servicer, respectively, hereunder is limited as provided herein (including, without limitation, pursuant to Section 6.3).
Nothing contained in this Agreement shall be construed as an express or implied guarantee by the Servicer or the Special Servicer
of the collectability of the Mortgage Loan. No provision of this Agreement shall be construed to impose liability on the Servicer
or the Special Servicer for the reason (unless the Servicer or the Special Servicer did not act in accordance with Accepted Servicing
Practices) that any recovery to the Certificateholders in respect of the Mortgage Loan at any time after a determination of present
value recovery is made by the Servicer or the Special Servicer under this Agreement is less than the amount reflected in such determination.

 

3.2          
Sub-Servicing Agreements. (a) The Servicer or Special Servicer, at its own expense without a right of reimbursement
under this Agreement or otherwise, may enter into sub-servicing agreements with sub-servicers for the servicing and administration
of the Mortgage Loan, provided that (i) any such sub-servicing agreement shall be upon such terms and conditions as
are not inconsistent with this Agreement and as the Servicer or Special Servicer, as applicable, and the sub-servicer have agreed,
and (ii) no sub-servicer retained by the Servicer or Special Servicer, as applicable, shall grant any modification, waiver,
or amendment to the Mortgage Loan Documents without the approval of the Servicer or Special Servicer, as applicable. References
in this Agreement to actions taken or to be taken, and limitations on actions permitted to be taken, by the Servicer or Special
Servicer, as applicable, in servicing the Mortgage Loan include actions taken or to be taken by a sub-servicer on behalf of the
Servicer or Special Servicer, as applicable. Each sub-servicer shall be (x) authorized to transact business and licensed in
the applicable state(s), if, and to the extent, required by applicable law to enable the sub-servicer to perform its obligations
under the applicable sub-servicing agreement, and (y) qualified to perform its obligations under the applicable sub-servicing
agreement. For purposes of this Agreement, the Servicer or Special Servicer, as applicable, shall be deemed to have received any
amount when the sub-servicer receives such amount, irrespective of whether such amount is remitted to the Servicer or Special Servicer,
as applicable, for deposit in the Collection Account, any Cash Management Account, any Reserve Account or the Distribution Account,
and actions taken by the sub-servicer shall be deemed to be actions of the Servicer or Special Servicer. The Servicer or Special
Servicer, as applicable, shall notify the Trustee, the Certificate Administrator, the Borrower Parties, the Operating Advisor and
the Depositor in writing promptly upon the appointment of any sub-servicer

 

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and promptly furnish the Trustee, upon its request,
with a copy of the sub-servicing agreement. The Servicer or Special Servicer, as applicable, shall cause each sub-servicing agreement
to provide that no sub-servicer shall be permitted to enter into any sub-servicing agreement with other sub-servicers without the
prior written consent of the Servicer or Special Servicer, as applicable.

 

(b)           
Notwithstanding any sub-servicing agreement, the Servicer or Special Servicer shall remain obligated and liable to the Trustee
and the Certificateholders for the servicing and administering of the Mortgage Loan in accordance with the provisions of Section 3.1
without diminution of such obligation or liability by virtue of such sub-servicing agreement, or by virtue of indemnification from
a sub-servicer, and to the same extent and under the same terms and conditions as if the Servicer or Special Servicer alone were
servicing and administering the Mortgage Loan.

 

(c)            
Any sub-servicing agreement entered into by the Servicer or Special Servicer shall provide that it may be assumed or terminated
by (i) the Trustee if the Trustee has assumed the duties of the Servicer or Special Servicer or if the Servicer or Special
Servicer is otherwise terminated pursuant to the terms of this Agreement, or (ii) a successor Servicer or Special Servicer
if such successor Servicer or Special Servicer has assumed the duties of the Servicer or Special Servicer, in each case without
cost or obligation to the Trustee, the successor Servicer or Special Servicer, the Trust or the Trust Fund.

 

(d)           
Any sub-servicing agreement, and any other transactions or services relating to the Mortgage Loan involving a sub-servicer,
shall be deemed to be between the Servicer or Special Servicer and such sub-servicer alone, and the Trustee, the Certificate Administrator,
the Depositor, the Operating Advisor, the Trust and the Certificateholders shall not be deemed parties thereto and shall have no
claims, rights, obligations, duties or liabilities with respect to the sub-servicer, and no provision herein shall be construed
so as to require the Trust, the Depositor, the Trustee, the Certificate Administrator or the Operating Advisor to indemnify any
such sub-servicer. The Servicer or Special Servicer is permitted, subject to Accepted Servicing Practices and at its own expense,
or to the extent that a particular expense is provided herein to be an Advance or an expense of the Trust, at the expense of the
Trust, to utilize other agents or attorneys typically used by servicers of mortgage loans underlying commercial mortgage-backed
securities in performing its obligations under this Agreement.

 

(e)            
Notwithstanding anything herein, each of the initial Servicer and the initial Special Servicer may (i) delegate certain
of its duties and obligations hereunder (such as inspections and appraisals) to third parties or (ii) to an affiliate of the
Servicer or the Special Servicer, as applicable. Such delegation shall not be considered a sub-servicing agreement hereunder, and
the requirements and obligations set forth herein applicable to sub-servicing agreements, sub-servicers or Servicing Function Participants
shall not be applicable to such arrangement. Notwithstanding any such delegation, the Servicer and the Special Servicer shall remain
obligated and liable for the performance of their respective obligations and duties under this Agreement in accordance with the
provisions hereof to the same extent and under the same terms and conditions as if each alone were servicing and administering
the Mortgage Loan as required hereby.

 

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(f)            
In addition to the foregoing, any sub-servicer engaged by the Special Servicer with respect to the Mortgage Loan shall fulfill
all of the requirements of the Special Servicer set forth under Sections 6.4(a)(i)(A), 6.4(a)(v), 6.4(a)(vi)
and 6.4(a)(vii) hereof.

 

3.3          
 Cash Management Account and Reserve Accounts; Interest Reserve Account.

 

(a)            
A Cash Management Account and the Reserve Accounts shall be established pursuant to the terms of the Mortgage Loan Agreement
and/or the Cash Management Agreement. The Servicer shall exercise and enforce the rights of the Trust and the Companion Loan Holder(s)
with respect to the Cash Management Account and the Reserve Accounts under the Mortgage Loan Agreement and the Cash Management
Agreement, and shall make deposits thereto and withdrawals therefrom, all in accordance with Accepted Servicing Practices and the
other terms of this Agreement and the other Mortgage Loan Documents.

 

(b)           
The Certificate Administrator shall establish and maintain a reserve account (the “Interest Reserve Account”)
in the name of “Computershare Trust Company, National Association, as Certificate Administrator on behalf of Wilmington Trust,
National Association, as Trustee, for the benefit of the registered holders of BWAY Commercial Mortgage Trust 2022-26BW, Commercial
Mortgage Pass-Through Certificates Series 2022-26BW”. The Interest Reserve Account shall be established and maintained as
a non-interest bearing Eligible Account, and may be a sub-account of the Distribution Account. On each Distribution Date occurring
in any February and on any Distribution Date occurring in any January that occurs in a year that is not a leap year (unless, in
either case, such Distribution Date is the final Distribution Date), the Certificate Administrator shall withdraw from the Distribution
Account and deposit into the Interest Reserve Account an amount equal to one day’s net interest on the principal balance
of each Trust Loan Note as of the related Payment Date occurring in the month preceding the month in which such Distribution Date
occurs, calculated at the applicable Net Mortgage Rate with respect to the Trust Loan Notes, to the extent such funds are on deposit
on the applicable Payment Date or an advance is made in respect of the Payment Date (all amounts so deposited in any consecutive
January and February, “Withheld Amounts”). On each Remittance Date occurring in March (or February, if the related
Distribution Date is the final Distribution Date), the Certificate Administrator shall withdraw from the Interest Reserve Account
an amount equal to the Withheld Amounts from the preceding January and February, if any, and deposit such amounts into the Distribution
Account for distribution with respect to the Certificates.

 

3.4          
Collection Account. (a) The Servicer shall establish and maintain or cause to be established and maintained in the
name of “KeyBank National Association, as Servicer on behalf of the Trust, for the benefit of Wilmington Trust, National
Association, as Trustee, for the benefit of the registered holders of BWAY Commercial Mortgage Trust 2022-26BW, Commercial Mortgage
Pass-Through Certificates, Series 2022-26BW” and/or “KeyBank National Association, as Servicer on behalf of Wilmington
Trust, National Association, as Trustee, for the benefit of the Companion Loan Holder(s) with respect to BWAY Commercial Mortgage
Trust 2022-26BW” one or more deposit accounts (the “Collection Account”) for the benefit of the Certificateholders
and the Companion Loan Holder(s). The Collection Account shall be an Eligible Account maintained with an Eligible Institution.
The Servicer shall deposit into the Collection Account within two (2) Business Days of receipt of properly identified and available
funds the following amounts

 

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representing payments and collections received or made during each Collection Period on or with respect
to the Mortgage Loan (other than amounts required to be deposited into the Reserve Accounts in accordance with the Trust Loan Purchase
Agreements and/or the Mortgage Loan Agreement):

 

(i)            
all payments on account of principal on the Mortgage Loan;

 

(ii)            all payments on account of interest on the Mortgage Loan, including, without limitation, Default Interest;

 

(iii)           any amount representing reimbursements by the Borrower Related Parties of Advances, interest thereon, and any other expenses
of the Depositor, the Trustee, the Certificate Administrator, the Servicer, the Special Servicer or the Operating Advisor, as applicable,
as required by the Mortgage Loan Documents or hereunder;

 

(iv)           any other amounts payable for the benefit of the Servicer, the Special Servicer, the Certificate Administrator, the Trustee
or the Certificateholders under the Mortgage Loan

 

(v)            any Yield Maintenance Premiums;

 

(vi)           any amounts required to be deposited pursuant to Section 3.8(b) in connection with net losses realized on Permitted
Investments with respect to funds held in the Collection Account;

 

(vii)          all Net Foreclosure Proceeds received from the Special Servicer pursuant to Section 3.14, all Net Liquidation
Proceeds, Insurance Proceeds and Condemnation Proceeds;

 

(viii)         any Loss of Value Payments paid by the Loan Sellers and transferred to the Collection Account pursuant to Section 3.4(g);

 

(ix)            any Initial Interest Deposit Amount remitted by the Loan Sellers to the Servicer pursuant to Section 1 of the Trust Loan
Purchase Agreements; and

 

(x)            
any other amounts required by the provisions of this Agreement to be deposited into the Collection Account by the Servicer,
including, without limitation, any (1) proceeds of any repurchase of a Loan Seller Percentage Interest in the Trust Loan pursuant
to Section 2.9 hereof and the applicable Trust Loan Purchase Agreement, (2) proceeds of the sale of the Mortgage Loan
by the Special Servicer pursuant to Section 3.16 hereof or a sale of a Foreclosed Property pursuant to Section 3.15(e),
(3) amounts from any related mezzanine lender representing proceeds of its purchase of the Mortgage Loan or cure payments
permitted to be made by any related mezzanine lender pursuant to the related mezzanine intercreditor agreement, or (4) amounts
payable under the Mortgage Loan Documents by any Person to the extent not specifically excluded.

 

The foregoing requirements
for deposits in the Collection Account by the Servicer shall be exclusive, it being understood and agreed that, without limiting
the generality of the

 

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foregoing, payments (if any) in the nature of Additional Servicing Compensation (other than Default Interest
and late payment charges) to which the Servicer or the Special Servicer, as applicable are entitled pursuant to Section 3.17
and any reimbursement made by the Borrower Related Parties of fees and expenses of the Servicer or the Special Servicer need not
be deposited in the Collection Account by the Servicer or the Special Servicer and, to the extent permitted by applicable law,
the Servicer or the Special Servicer, as applicable, shall be entitled to retain any such fees and expense reimbursements received
with respect to the Mortgage Loan.

 

(b)           Funds in the Collection Account may be invested in Permitted Investments in accordance with the provisions of Section 3.8.
The Servicer shall on the Closing Date give written notice to the Certificate Administrator of the location and account number
of the Collection Account and shall notify the Certificate Administrator in writing prior to any subsequent change thereof.

 

(c)           On or prior to each Remittance Date (or, in the case of clause (vi) below, on or prior to the Remittance Date specifically
applicable to the related Companion Loan), prior to the remittance of funds to the Certificate Administrator for deposit in the
Distribution Account pursuant to Section 3.5, the Servicer shall make withdrawals from the Collection Account, which
withdrawals shall be the only permitted withdrawals from the Collection Account by the Servicer, as described below (the order
set forth below constituting an order of priority for such withdrawals unless otherwise indicated):

 

(i)            to withdraw funds deposited in the Collection Account in error;

 

(ii)           to reimburse the Trustee and the Servicer, in that order, for any Nonrecoverable Advances made by each together with unpaid
interest thereon at the Advance Interest Rate;

 

(iii)          concurrently, to pay the Servicing Fee to the Servicer, the Trustee/Certificate Administrator Fee (including the portion
of such Trustee/Certificate Administrator Fee payable to the Trustee as the Trustee Fee) to the Certificate Administrator (who
shall pay the Trustee the portion of the Trustee/Certificate Administrator Fee that represents the Trustee Fee pursuant to Section 8.5
hereof) and the Operating Advisor Fee to the Operating Advisor, respectively;

 

(iv)          to pay to (A) the Servicer, as Additional Servicing Compensation, any income earned (net of losses (subject to Section
3.8(b)) on the investment of funds deposited in the Collection Account; and (B) the Special Servicer, the Special Servicing
Fee, if any, the Work-out Fee, if any, and the Liquidation Fee, if any (with respect to clauses (A) and (B),
in that order);

 

(v)           to reimburse or pay, as applicable, the Trustee and the Servicer, in that order, for (A) unreimbursed Advances made
by each and not previously reimbursed from amounts received with respect to the Mortgage Loan during the applicable Collection
Period in the form of late payments, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds and other collections on the
Mortgage Loan (and other than any Advance that has been determined to be a Nonrecoverable Advance that has been

 

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reimbursed pursuant
to clause (ii) above); and (B) unpaid interest on such Advances at the Advance Interest Rate; provided,
however, that, with respect to Advances that are not deemed to be Nonrecoverable Advances, interest on Advances shall be
payable (1) prior to the final liquidation of the Property or the final payment and release of the Mortgage, only out of Default
Interest or late payment charges (or actual payments by the Borrower to cover such interest on Advances) collected in the related
Collection Period, and (2) after the final liquidation of the Property or the final payment and release of the Mortgage, first
out of Default Interest and late payment charges (or actual payments by the Borrower to cover such interest on Advances) on deposit
in the Collection Account, and then out of all other amounts on deposit in the Collection Account;

 

(vi)           to remit to each Companion Loan Holder all remaining amounts on deposit in the Collection Account payable to such Companion
Loan Holder pursuant to the Co-Lender Agreement with respect to its Companion Loan(s), exclusive of any amounts reimbursable to
the Servicer, the Special Servicer, the Trustee or the Trust and allocable to such Companion Loan(s) in accordance with the Co-Lender
Agreement, including (A) if a Companion Loan is part of an Other Securitization Trust, to the extent required by the Co-Lender
Agreement, to pay the applicable party to the Other Pooling and Servicing Agreement for any interest accrued on (1) Companion Loan
Advances made thereby and (2) administrative advances, if any, made in respect of the Companion Loan; and (B) to make any other
required payments due under the Co-Lender Agreement to each Companion Loan Holder;

 

(vii)          to reimburse the Trustee, the Certificate Administrator, the Servicer and the Special Servicer, in that order, for expenses
incurred by them in connection with the liquidation of the Property and not otherwise covered and paid by an insurance policy or
deducted from the proceeds of liquidation or reimbursed as an Advance;

 

(viii)         to pay (A) to the Servicer and the Special Servicer, as Additional Servicing Compensation, any payments in the nature of
those fees and expenses that constitute Additional Servicing Compensation, to the extent remaining after payments pursuant to clause
(v) above and, in the case of Default Interest and late payment charges, to the extent remaining after application pursuant
to Section 3.17(b) (it being acknowledged that such amounts (other than Default Interest and late payment charges) are not
required to be deposited in the Collection Account and may be retained by the Servicer or the Special Servicer, as applicable,
or paid by the Servicer to the Special Servicer when due to the Special Servicer as set forth in Section 3.17), and
(B) to the Operating Advisor, the Operating Advisor Consulting Fee, in the case of clauses (A) and (B), to the extent
actually received from or on behalf of the Borrower (and permitted by (or not otherwise prohibited by) and allocated as such pursuant
to the terms of the Mortgage Loan Documents or this Agreement) and deposited into the Collection Account by the Servicer;

 

(ix)            to pay or reimburse, as applicable, the Trustee, the Certificate Administrator, the Servicer, the Special Servicer and the
Operating Advisor, for any expenses, indemnities and other amounts (including Trust Fund Expenses) then due and payable or reimbursable
to each, and to pay directly any other costs and expenses expressly payable out of the Collection Account or at the expense of
the Trust, in any event pursuant

 

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to the terms of this Agreement and not previously paid or reimbursed pursuant to the preceding
clauses;

 

(x)           to the extent not previously paid or advanced, to pay to the Certificate Administrator for payment (or to be set aside for
eventual payment) by it of any and all taxes imposed on the Lower-Tier REMIC or Upper-Tier REMIC by federal or state governmental
authorities, as provided in Section 12.1(k); provided, that, if such taxes are the result of the Depositor’s,
the Servicer’s, the Special Servicer’s, the Trustee’s or the Certificate Administrator’s, as applicable,
negligence, fraud, bad faith or willful misconduct, then such party that was negligent, acted in bad faith or engaged in fraud
or willful misconduct will be required to indemnify the Trust for the amount of such taxes pursuant to Sections 6.6
and 8.12, as applicable;

 

(xi)          to pay the CREFC® Licensing Fee to CREFC®, to the extent of funds available in the Collection
Account following the withdrawal of the amounts described in clauses (ii) through (x) above, on the related
Remittance Date; and

 

(xii)         on each Remittance Date, to remit all funds received during or prior to the related Collection Period and remaining after
the withdrawals specified in clauses (i) through (xi) above to the Certificate Administrator for deposit
in (A) in the case of funds other than the Yield Maintenance Premiums, the Distribution Account pursuant to Section 3.5
and (B) in the case of amounts representing the Yield Maintenance Premiums, the Yield Maintenance Premium Distribution Account;

 

provided that, subject to
the application of Default Interest and late payment charges in accordance with Section 3.17(b), (A) Monthly Interest
Payment Advances (and Advance Interest thereon) and Administrative Advances (and Advance Interest thereon) are reimbursable solely
out of collections allocable to the Trust Loan pursuant to the Co-Lender Agreement, (B) Companion Loan Advances are reimbursable
solely out of collections allocable to the Companion Loan(s) pursuant to the Co-Lender Agreement, (C) the Trustee/Certificate Administrator
Fee (including the portion of such Trustee/Certificate Administrator Fee payable to the Trustee as the Trustee Fee), the Operating
Advisor Fee, the CREFC® Licensing Fee and the items specified above under clause (x) are payable solely out
of collections allocable to the Trust Loan pursuant to the Co-Lender Agreement, (D) interest on Companion Loan Advances with respect
to the Companion Loan Note(s) are reimbursable, first, out of collections allocable to the Junior Trust Notes pursuant to the Co-Lender
Agreement, and then, out of collections allocable to the subject Companion Loan Note(s) as to which such Companion Loan Advance
was made, and (E) subject to the foregoing clauses (A), (B), (C) and (D) of this proviso, any payment or reimbursement of any other
items specified above under clauses (ii), (iv)(B), (v), (vi)(A), (vii) and (ix) of this
Section 3.4(c) shall, as and to the extent provided in this Agreement and the Co-Lender Agreement, be made out of: (1) first,
to the maximum extent permitted under the Co-Lender Agreement, any amounts on deposit in the Collection Account that would otherwise
be distributable under the Co-Lender Agreement to the Junior Trust Notes; and (2) second, any remaining amounts on deposit
in the Collection Account that would otherwise be distributable under the Co-Lender Agreement with respect to the Senior Trust
Notes and the Companion Loan Note(s), on a pro rata and pari passu basis in accordance with their relative principal
balances (except with respect to interest on Monthly Interest Payment Advances, Administrative Advances and/or Companion Loan Advances
which are reimbursable

 

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solely from collections on the related Senior Note), all in accordance with the Co-Lender Agreement, and
taking into account the subordination of the Junior Trust Note to the Senior Trust Notes and the Companion Loan Note(s).

 

If a Monthly Interest
Payment Advance is made with respect to the Trust Loan, then that Monthly Interest Payment Advance, together with interest on such
Monthly Debt Service Advance, shall only be reimbursed out of future payments and collections on the Trust Loan, but not out of
payments or other collections on the Companion Loan(s). Likewise, the Trustee/Certificate Administrator Fee (including the portion
that is the Trustee Fee) shall only be paid out of payments and other collections on the Trust Loan, but not out of payments or
other collections on the Companion Loan(s).

 

Notwithstanding the foregoing,
with respect to any Remittance Date, in no event shall the Servicer be permitted to make a withdrawal pursuant to clauses (iii),
(iv)(B), (v), (vii), (ix), (x) or (xi) above of this Section 3.4(c) if: (1) the
item proposed to be withdrawn, if not withdrawn, would be required to be advanced by the Servicer as an Administrative Advance
or covered by a Monthly Interest Payment Advance with respect to such Remittance Date; and (2) as a result of such withdrawal,
the amount on deposit in the Collection Account after giving effect to such withdrawal would be less than the Required Advance
Amount (it being understood that the Servicer shall be permitted to make withdrawals in the order of priority specified above in
this Section 3.4(c) so long as funds allocable to the Trust Loan equaling or exceeding the Required Advance Amount
remain in the Collection Account). Notwithstanding the foregoing, such withdrawal limitations shall not apply (and accrued amounts
previously eligible for withdrawal pursuant to clauses (iii), (iv)(B), (v), (vii), (ix),
(x) or (xi) above of this Section 3.4(c) but which remain unpaid due to the operation of this paragraph may
then be withdrawn and paid) upon (1) the final liquidation of the Trust Loan or the Property, (2) the final payment of
the Trust Loan and release of the Mortgage or (3) the determination that any Advance that would increase the currently unreimbursed
Advances in the aggregate would be a Nonrecoverable Advance.

 

The Servicer shall pay
to the Trustee and the Certificate Administrator (on behalf of itself and the Trustee) and pay to the Special Servicer and the
Operating Advisor , if applicable, from the Collection Account as provided above amounts permitted to be paid to the Special Servicer,
the Trustee, the Certificate Administrator and the Operating Advisor, as applicable, therefrom, promptly upon receipt on or prior
to the Determination Date of certificates of a Servicing Officer of the Special Servicer, an officer of the Operating Advisor or
a Responsible Officer of the Certificate Administrator or the Trustee, as applicable, describing the item and amount to which the
Special Servicer, the Operating Advisor, the Certificate Administrator and/or the Trustee, as applicable, are entitled, together
with any other information reasonably requested by the Servicer; provided, however, that no officer’s certificate
shall be required for payment to the Special Servicer of any Special Servicing Fee, Liquidation Fee or Work-out Fee. The Servicer
may rely conclusively on any such certificate, shall have no duty to recalculate the amounts stated therein and shall have no liability
if the amount paid in reliance thereon is an amount to which the Special Servicer, the Operating Advisor, the Certificate Administrator
or the Trustee, as applicable, is not entitled.

 

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On the Remittance Date
for each Companion Loan, the Servicer shall remit to the related Companion Loan Holder the amounts contemplated to be payable thereto
on such date as contemplated by clause (vi) of the first paragraph of this Section 3.4(c).

 

(d)           
On each Remittance Date, the Servicer shall withdraw from the Collection Account all funds received during or prior to the
related Collection Period, and remaining after the withdrawals specified in clauses (i) through (xi) of the
first paragraph of Section 3.4(c), and shall remit such funds to the Certificate Administrator for deposit in (i) in
the case of funds other than Yield Maintenance Premiums, the Distribution Account pursuant to Section 3.5 and (ii) in
the case of Yield Maintenance Premiums, the Yield Maintenance Premium Distribution Account.

 

(e)            
If the Servicer makes any reimbursement or payment out of the Collection Account to cover any related Companion Loan Holder’s
share of any cost, expense, indemnity, Property Protection Advance or interest on such Property Protection Advance, or fee with
respect to the Mortgage Loan, then the Servicer (prior to the occurrence of a Special Servicing Loan Event) and the Special Servicer
(following the occurrence of a Special Servicing Loan Event) shall use efforts consistent with Accepted Servicing Practices to
collect such amount out of collections on such Companion Loan or, if and to the extent permitted under the related Co-Lender Agreement,
from such Companion Loan Holder.

 

(f)            
If any Loss of Value Payments are received in connection with a Material Breach or a Material Document Defect, as the case
may be, with respect to the Mortgage Loan pursuant to or as contemplated by Section 2.9 of this Agreement, the Special
Servicer shall establish and maintain one or more accounts (collectively, the “Loss of Value Reserve Fund”)
to be held in trust for the benefit of the Holders of the Certificates, for purposes of holding such Loss of Value Payments. Each
account that constitutes a Loss of Value Reserve Fund shall be an Eligible Account or a sub-account of a related Eligible Account.
The Servicer and the Special Servicer shall, upon receipt, deposit in the Loss of Value Reserve Fund all Loss of Value Payments
received by it. The Loss of Value Reserve Fund shall be accounted for as an outside reserve fund within the meaning of Treasury
Regulations Section 1.860G-2(h) and not an asset of any Trust REMIC. Furthermore, for all federal tax purposes, the Certificate
Administrator shall (i) treat amounts paid out of the Loss of Value Reserve Fund (and any income earned thereon) through the
Collection Account to the Certificateholders (or, in the case of any income earned on the Loss of Value Reserve Fund and paid to
the Special Servicer as additional compensation) as damages paid to and distributed by the Trust REMICs on account of a breach
of a representation or warranty by the related Loan Seller and (ii) treat any amounts paid out of the Loss of Value Reserve
Fund through the Collection Account to a Loan Seller as distributions by the Trust Fund to such Loan Seller as a beneficial owner
of the Loss of Value Reserve Fund. The applicable Loan Seller will be the beneficial owner of the related account in the Loss of
Value Reserve Fund for all federal income tax purposes, and shall be taxable on all income earned thereon, based upon the respective
Loss of Value Payments made by each such Loan Seller that are on deposit from time to time in the Loss Value Reserve Fund.

 

(g)           
If any Loss of Value Payments are deposited into the Loss of Value Reserve Fund with respect to the Trust Loan or the Trust’s
Interest in any related Foreclosed Property, then the Special Servicer shall, promptly upon written direction from the Servicer
(provided that, with respect to clause (iv) below, the Certificate Administrator shall have provided the Servicer
and the

 

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Special Servicer with five (5) Business Days’ prior notice of such final Distribution Date) transfer such Loss
of Value Payments (up to the remaining portion thereof) from the Loss of Value Reserve Fund to the Servicer for deposit into the
Collection Account (or, in the case of clause (iv) below, to the applicable Loan Seller) for the following purposes:

 

(i)            
to reimburse the Servicer, the Special Servicer or the Trustee, in accordance with Section 3.4(c) of this Agreement,
for any Nonrecoverable Advance made by such party with respect to the Mortgage Loan or any related Foreclosed Property (together
with any related interest thereon);

 

(ii)            
to pay, in accordance with Section 3.4(c) of this Agreement, or to reimburse the Trust for the prior payment
of, any expense relating to the Mortgage Loan or any related Foreclosed Property that constitutes or, if not paid out of such Loss
of Value Payments, would constitute a Trust Fund Expense, and to pay, in accordance with Section 3.4(c) of this Agreement,
any unpaid Liquidation Fee due and owing to the Special Servicer in connection with the receipt of such Loss of Value Payment;

 

(iii)            
to offset any portion of any Realized Loss (or, in connection with a final liquidation of the Mortgage Loan or the Property,
any anticipated Realized Loss) that is attributable to the Mortgage Loan or any related Foreclosed Property (as calculated without
regard to the application of such Loss of Value Payments); and

 

(iv)            
on the final Distribution Date after all distributions have been made as set forth in clauses (i) through (iii)
above, to each Loan Seller, its pro rata share, based on the amount that it contributed, net of any amount contributed by
such Loan Seller that was used pursuant to clauses (i) through (iii) to offset, pay or reimburse, as applicable,
any Realized Losses, Trust Fund Expenses or Nonrecoverable Advances (together with any related interest thereon) incurred with
respect to the Mortgage Loan or any related Foreclosed Property.

 

Any Loss of Value Payments
transferred to the Collection Account pursuant to clauses (i) through (iii) of the prior paragraph shall be
treated as Liquidation Proceeds received by the Trust in respect of the Mortgage Loan or any related Foreclosed Property for which
such Loss of Value Payments were received.

 

3.5          
Distribution Account. (a) The Certificate Administrator
shall establish and maintain in the name of “Computershare Trust Company, National Association, as Certificate Administrator
on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered holders of BWAY Commercial
Mortgage Trust 2022-26BW, Commercial Mortgage Pass-Through Certificates Series 2022-26BW”, a deposit account (the “Distribution
Account”), which shall be deemed to include the Lower-Tier Distribution Account and the Upper-Tier Distribution Account,
which shall be subaccounts of the Distribution Account for the benefit of the Certificateholders and the Trustee, as holder of
the Uncertificated Lower-Tier Interests. The Distribution Account shall be an Eligible Account maintained with an Eligible Institution.
On each Remittance Date, the Servicer shall transfer from the Collection Account to the Certificate Administrator for deposit into
the Lower-Tier Distribution Account all funds received during or prior to the related Collection Period and remaining on deposit
therein, after giving effect to the

 

 

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withdrawals made pursuant to clauses (i) through (xi) of the first paragraph
of Section 3.4(c). The Certificate Administrator shall credit the funds remitted by the Servicer from the Collection
Account to the Distribution Account. The Certificate Administrator shall make withdrawals from the Distribution Account to make
distributions to the Certificateholders pursuant to Section 4.1.

 

Amounts held in the Distribution
Account shall be uninvested.

 

The Certificate Administrator
shall make withdrawals from the Distribution Account and the Yield Maintenance Premium Distribution Account to make distributions
to the Holders of the Certificates pursuant to Section 4.1 and Section 4.3, respectively.

 

(b)           
The Certificate Administrator shall make or be deemed to have made withdrawals from the Lower-Tier Distribution Account
in the following order of priority and only for the following purposes:

 

(i)            
(i)concurrently, to pay the Trustee/Certificate Administrator Fee (including the portion thereof that is the Trustee
Fee) to the Certificate Administrator (who shall pay the Trustee the portion of the Trustee/Certificate Administrator Fee that
represents the Trustee Fee pursuant to Section 8.5 hereof) and the Operating Advisor Fee to the Operating Advisor , respectively,
but in each such case only from any Monthly Interest Payment Advance and only to the extent that such amounts are not paid out
of the Collection Account pursuant to Section 3.4(c)(iii);

 

(ii)            
to make or be deemed to make deposits of the Lower-Tier Distribution Amount pursuant to Section 4.1(c) and (d)
and Section 4.3(c) into the Upper-Tier Distribution Account and to make distributions to the Holder of the Class R
Certificates (in respect of the Class LT-R Interest) pursuant to Section 4.1;

 

(iii)            to withdraw amounts deposited into the Lower-Tier Distribution Account in error and pay such amounts to the Persons entitled
thereto; and

 

(iv)            to clear and terminate the Lower-Tier Distribution Account pursuant to Section 10.1.

 

(c)            
The Certificate Administrator shall make withdrawals from the Upper-Tier Distribution Account in the following order of
priority and only for the following purposes:

 

(i)            
 to withdraw amounts deposited in error;

 

(ii)            
to make distributions to Holders of the Regular Certificates and the Class R Certificates (in respect of the Class UT-R
Interest) on each Distribution Date pursuant to Section 4.1, Section 4.3 or Section 10.1 as
applicable; and

 

(iii)            to clear and terminate the Upper-Tier Distribution Account at the termination of this Agreement pursuant to Section 10.1.

 

(d)           
The Certificate Administrator shall establish and maintain, with respect to the Regular Certificates, an account (the “Yield
Maintenance Premium Distribution Account”) in

 

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the name of the “Computershare
Trust Company, National Association, as Certificate Administrator on behalf of Wilmington Trust, National Association, as
Trustee, for the benefit of the registered holders of BWAY Commercial Mortgage Trust 2022-26BW, Commercial Mortgage Pass Through
Certificates Series 2022-26BW9, Class A, Class X, Class B, Class C, Class D, Class E, Class F, Class G and Class HRR – Yield
Maintenance Premium Distribution Account”. The Distribution Account shall be deemed to include the Yield Maintenance Premium
Distribution Account, and the Yield Maintenance Premium Distribution Account shall be an Eligible Account maintained with an Eligible
Institution, and may be a sub-account of the Distribution Account. The Yield Maintenance Premium Distribution Account shall be
held solely for the benefit of the Holders of the Regular Certificates. With respect to each Distribution Date, the Certificate
Administrator shall make withdrawals from the Yield Maintenance Premium Distribution Account to the extent required to make the
distributions of Yield Maintenance Premium required by Section 4.3(b) of this Agreement.

 

3.6          
Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (each,
a “Foreclosed Property Account”) on behalf of the Trust for the benefit of the Certificateholders in the name
of either (A) “KeyBank National Association, as Special Servicer on behalf of Wilmington Trust, National Association,
as Trustee for the benefit of the registered Holders of BWAY Commercial Mortgage Trust 2022-26BW, Commercial Mortgage Pass-Through
Certificates, Series 2022-26BW and the Companion Loan Holder(s), as their interests may appear” related to the Foreclosed
Property, if any, held in the name of the Special Servicer on behalf of the Trustee for the benefit of the Certificateholders and
the Companion Loan Holder(s) or (B) a limited liability company wholly owned by the Trust and which is managed by the Special
Servicer as provided in Section 3.14, related to the Foreclosed Property, if any, held in the name of such limited
liability company. Each Foreclosed Property Account shall be an Eligible Account maintained with an Eligible Institution. The Special
Servicer shall deposit into the Foreclosed Property Account within two (2) Business Days of receipt all properly identified funds
collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Business Day
following the last day of each Collection Period, the Special Servicer shall withdraw the funds in any Foreclosed Property Account
received through the end of such Collection Period, net of certain expenses and/or reserves (the amount of such reserves determined
in the Special Servicer’s reasonable discretion), and deposit them into the Collection Account in accordance with Section 
3.4(a). The Special Servicer shall notify the Certificate Administrator in writing of the location and account number of each
Foreclosed Property Account and shall notify the Certificate Administrator in writing prior to any subsequent change thereof.

 

3.7          
Appraisal Reductions. (a) Within 30 days after the
occurrence of an Appraisal Reduction Event, the Special Servicer shall (i) notify the Servicer, the Trustee, the Certificate Administrator,
the Operating Advisor and any applicable Consenting Party and Consulting Party of
such occurrence of an Appraisal Reduction Event; (ii) order, and use efforts consistent with Accepted Servicing Practices,
to obtain an independent Appraisal of the Property unless an Appraisal was performed within 9 months prior to the Appraisal
Reduction Event and the Special Servicer is not aware of any material change in the market or condition or value of the Property
since the date of such Appraisal (in which case, such Appraisal may be used by the Special Servicer); and (iii) determine
(no later than the first Distribution Date on or following either (x) the receipt of such Appraisal (in final form) (provided,
that if such new Appraisal was

 

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received less than five (5) Business Days prior to such Distribution Date, it will determine no
later than the second Distribution Date following the receipt of such Appraisal) or (y) the determination to use any existing
Appraisals, as applicable) on the basis of the applicable Appraisals, and receipt of information reasonably requested by the Special
Servicer from the Servicer in the Servicer’s possession and reasonably necessary to calculate the Appraisal Reduction Amount,
whether there exists any Appraisal Reduction Amount and, if an Appraisal Reduction Amount exists, give notice thereof to the Servicer,
the Trustee, the Companion Loan Holder(s) (or, in the case of a Companion Loan that is part of an Other Securitization Trust, the
master servicer, special servicer and trustee with respect to such Other Securitization Trust), the Operating Advisor and the Certificate
Administrator. The cost of obtaining any such Appraisal (or updated Appraisal) shall be paid by the Servicer as a Property Protection
Advance or an Administrative Advance unless it would constitute a Nonrecoverable Advance and, in such case, as an expense of the
Trust. Updates of such Appraisals shall be obtained by the Special Servicer every nine (9) months for so long as an Appraisal Reduction
Event exists and shall be paid for by the Servicer as a Property Protection Advance or an Administrative Advance (or paid for by
the Trust if the Servicer or the Special Servicer determines that such Advance would constitute a Nonrecoverable Advance), and
any Appraisal Reduction Amount shall be adjusted accordingly and, if required in accordance with any such adjustment, each Class
of Principal Balance Certificates with a Certificate Balance that has been notionally reduced as a result of such Appraisal Reduction
Amount shall have its related Certificate Balance notionally restored (or reduced if applicable) to the extent required by such
adjustment of the Appraisal Reduction Amount, and there shall be a redetermination of whether a CCR Control Period, a CCR Consultation
Period or a CCR Consultation Termination Period is then in effect. The Servicer shall provide by electronic means reasonably acceptable
to the Special Servicer and the Servicer the information in its possession or control as reasonably requested in writing by the
Special Servicer within two (2) Business Days of any request to permit the Special Servicer to calculate or to recalculate the
Appraisal Reduction Amount. The Mortgage Loan will be treated as a single loan for purposes of calculating the Appraisal Reduction
Amount. Appraisal Reduction Amounts with respect to the Mortgage Loan shall be allocated first to the Junior Trust Notes pro
rata and pari passu basis (in accordance with the relative principal balance on such Junior Trust Notes) up to the aggregate
principal balance of the Junior Trust Notes, with any remainder being allocated to the Senior Notes on a pro rata and pari
passu basis (in accordance with the relative principal balance of such Senior Notes).

 

Any such Appraisal obtained
under this Section 3.7 shall be delivered by the Special Servicer to the Servicer, the Trustee, the Operating Advisor,
the Certificate Administrator, the 17g-5 Information Provider, the Companion Loan Holder(s), any applicable Consenting Party and
Consulting Party in electronic format and the Certificate Administrator shall make such Appraisal available to Non-Restricted Privileged
Persons pursuant to Section 8.14(b), and the 17g-5 Information Provider shall post such Appraisal on the 17g-5 Information
Provider’s Website.

 

The Special Servicer
shall promptly notify the Servicer and the Operating Advisor, and after receipt of such notification the Servicer shall promptly
notify the Trustee and the Certificate Administrator, of the determination and any redetermination of any Appraisal Reduction Amount,
which notification may be satisfied by providing such information in the CREFC® Appraisal Reduction Template or
the CREFC® Loan Periodic Update File included in the CREFC® Reports delivered pursuant to Section
3.18(a), and the Certificate Administrator shall promptly post notice of the determination or redetermination of any such Appraisal
Reduction

 

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Amount including such CREFC® Appraisal Reduction Template or CREFC® Loan Periodic Update File, as
applicable, on the Certificate Administrator’s Website.

 

(b)           
While an Appraisal Reduction Amount exists and is allocable to the Trust Loan, (i) the amount of any Monthly Interest
Payment Advances shall be reduced as provided in Section  3.23(a) and (ii) the existence thereof shall be taken
into account for purposes of determining (x) the Voting Rights of certain Classes of Certificates as provided in the definition
of “Voting Rights”, (y) whether any Class of Principal Balance Certificates are Non-Reduced Certificates and (z) whether
a CCR Control Period and/or Operating Advisor Consultation Trigger Event is or is not then in effect as provided in the definition
thereof.

 

(c)            
The Certificate Balance of each Class of the Principal Balance Certificates (other than the Class A Certificates) shall
be notionally reduced (solely for purposes of determining (x) to the extent expressly set forth herein, the Voting Rights
of the related Classes, (y) whether any Class of Principal Balance Certificates are Non-Reduced Certificates and (z) whether
a CCR Control Period and/or Operating Advisor Consultation Trigger Event is or is not then in effect) on any Distribution Date
to the extent of any Appraisal Reduction Amount allocated to such Class on such Distribution Date. On each Distribution Date, any
Appraisal Reduction Amount allocable to the Trust Loan shall be applied to notionally reduce the Certificate Balances of the respective
Classes of the Principal Balance Certificates in the following order of priority: first, to the Class HRR Certificates;
second, to the Class G Certificates; third, to the Class F Certificates; fourth, to the Class E Certificates;
fifth, to the Class D Certificates; sixth, to the Class C Certificates; and seventh, to the Class B Certificates;
provided in each case that no Certificate Balance in respect of any such Class may be notionally reduced below zero. Appraisal
Reduction Amounts shall not be applied to notionally reduce the Certificate Balance of the Class A Certificates.

 

(d)           
With respect to any Appraisal used for purposes of determining an Appraisal Reduction Amount, the appraised value of the
Property or Foreclosed Property, as applicable, will be determined on an “as is” basis.

 

(e)            
If (i) an Appraisal Reduction Event has occurred, (ii) either (A) no Appraisal or update of an Appraisal
has been obtained or conducted with respect to the Property or Foreclosed Property, as the case may be, during the 9-month period
prior to the date of such Appraisal Reduction Event or (B) a material change in the circumstances surrounding the Property
or Foreclosed Property, as the case may be, has occurred since the date of the most recent Appraisal that would materially adversely
affect the value of the Property or Foreclosed Property, as the case may be, and (iii) no new Appraisal has been obtained
or conducted for the Property or Foreclosed Property, as the case may be, referred to in the immediately preceding clause (ii)
within 60 days after the Appraisal Reduction Event has occurred, then (x) until a new Appraisal is obtained for the Property
or Foreclosed Property, as the case may be, the appraised value of the Property or Foreclosed Property, as the case may be, for
purposes of determining the Appraisal Reduction Amount shall be deemed to equal 75% of the unpaid principal balance of the Mortgage
Loan (the “Assumed Appraised Value”), and (y) upon receipt or performance of the new Appraisal by the Special
Servicer for the Property or Foreclosed Property, as the case may be, the Appraisal Reduction Amount shall be recalculated in accordance
with the definition of “Appraisal Reduction Amount” taking such Appraisal into account.

 

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(f)            
The Special Servicer shall consult with the Controlling Class Representative (if it is a Consenting Party or Consulting
Party) in respect of the determination of any Appraisal Reduction Amount. The determination by the Special Servicer following such
consultation will be binding until such time as a new determination is made based on a new Appraisal obtained as a result of the
exercise of the rights of the Requesting Holders discussed below or otherwise in accordance with this Agreement. The Class HRR
Certificates, if and when the Certificate Balance thereof is reduced to less than 25% of its initial Certificate Balance (taking
into account the application of any Appraisal Reduction Amount to notionally reduce the Certificate Balance of such Class) and
provided that a CCR Consultation Termination Event does not exist, is referred to as an “Appraisal-Reduced Class”.
The holders of the majority (by Certificate Balance) of an Appraisal-Reduced Class (such holders, the “Requesting Holders”)
shall have the right, at their sole expense, to (1) require the Special Servicer to order a second Appraisal in respect of the
Property in connection with the related Appraisal Reduction Event that has occurred with respect to the Mortgage Loan, and in connection
therewith the Special Servicer shall use reasonable efforts to cause each such second Appraisal to be delivered within 60 days
from receipt of the Requesting Holders’ written request and shall cause such second Appraisal to be prepared by an Independent
Appraiser or (2) post Threshold Event Collateral. Upon receipt of each such second Appraisal, the Special Servicer shall be required
to recalculate such Appraisal Reduction Amount based upon such second Appraisal(s). If required by any such recalculation, a CCR
Control Period may be reinstated.

 

(g)           
In addition, if subsequent to the Class HRR Certificates becoming an Appraisal-Reduced Class there is a material change
with respect to the Property, the Requesting Holders of such Class will have the right to request, in writing, that the Special
Servicer obtain an additional Appraisal, which request shall set forth their belief of what constitutes a material change to the
Property (including any related documentation). For the avoidance of doubt, only one such additional Appraisal of the Property
may be requested by the holders of an Appraisal-Reduced Class within the same two-year period. The costs of obtaining such additional
Appraisal(s) shall be paid by the Requesting Holders. Subject to the Special Servicer’s confirmation, determined in accordance
with Accepted Servicing Practices, that there has been a change with respect to the Property designated by the Requesting Holders
for an additional Appraisal and such change was material, the Special Servicer shall order another Appraisal from an Independent
Appraiser, the identity of which shall be determined by the Special Servicer in accordance with Accepted Servicing Practices (provided
that such Independent Appraiser may not be the same Independent Appraiser that provided the Appraisal in respect of which the Requesting
Holders are requesting the Special Servicer to obtain an additional Appraisal), and the Special Servicer shall recalculate the
Appraisal Reduction Amount based upon such additional Appraisal. If required by any such recalculation, a CCR Control Period shall
be reinstated. In each case, Appraisals that are requested by any Appraisal-Reduced Class shall be in addition to any Appraisals
that the Special Servicer may otherwise be required to obtain in accordance with Accepted Servicing Practices upon the occurrence
of a material change at the Property or that the Special Servicer is otherwise required or permitted to order under this Agreement
without regard to any Appraisal requests made by any other party. Absent manifest error in the appraised value contained in an
Appraisal (including a failure to reflect material adverse changes in circumstances affecting property valuations occurring since
the date of such Appraisal), the Special Servicer shall not be permitted to adjust downward the appraised value of the Property
contained in any Appraisal (provided such Appraisal satisfies customary standards for qualified appraisals in CMBS transactions)
delivered to the Special

 

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Servicer (including any Appraisal obtained at the request of the Requesting Holders of an Appraisal-Reduced
Class) in making an Appraisal Reduction Amount calculation, to the extent that such downward adjustment would cause the Class HRR
Certificates to become an Appraisal-Reduced Class.

 

(h)           
Upon becoming an Appraisal-Reduced Class and thereafter (including during any period that the Appraisal-Reduced Class is
challenging the determination of the Appraisal Reduction Amount with a second Appraisal or otherwise presenting a new Appraisal
as described above), the Holders and/or Beneficial Owners of the Class HRR Certificates may not exercise any rights of the
Controlling Class solely applicable during a CCR Control Period, and the Controlling Class Representative shall not be a Consenting
Party, until such time, if any, as such CCR Control Period is reinstated.

 

(i)             
The Holders of Certificates representing the majority of the Certificate Balance of the Appraisal-Reduced Class (the “Threshold
Cure Holder”) may avoid a CCR Control Termination Event caused by application of an Appraisal Reduction Amount if such
Threshold Cure Holder delivers Threshold Event Collateral as a supplement to the appraised value of the Property to the Servicer
together with documentation acceptable to the Servicer in accordance with Accepted Servicing Practices to create and perfect a
first priority security interest in favor of the Servicer on behalf of the Trust in such collateral (which must be completed within
thirty (30) days of the Special Servicer’s receipt of a third party Appraisal that causes such CCR Control Termination Event
to occur) (a “Threshold Event Cure”) and, additionally pays all costs and expenses incurred by any party to
this Agreement associated with the delivery and/or pledge of such Threshold Event Collateral, including the costs and expenses
of any opinion of counsel. If a Threshold Event Cure occurs, no CCR Control Termination Event 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 letter
of credit (i) must have an initial term no shorter than 6 months, (ii) contain an evergreen clause providing for automatic
renewal for additional periods not less than 6 months and (iii) provide that the Servicer may draw upon such letter of credit if
it is not renewed prior to the date that is 30 days prior to the expiration date of such letter of credit. The Threshold Cure Holder
must provide notice of each renewal at least 30 days prior to the expiration date of such letter of credit. If the Servicer does
not receive notice of such renewal at least 30 days prior to the expiration date of the letter of credit or if the Servicer receives
notice that the letter of credit shall not be renewed, then the Servicer shall promptly draw upon such letter of credit and the
Servicer shall hold such proceeds thereof as Threshold Event Collateral. If a letter of credit is furnished as Threshold Event
Collateral, the applicable Threshold Cure Holder shall be required to replace such letter of credit with other Threshold Event
Collateral within 30 days if the credit ratings of the Threshold Collateral Issuer 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 the
Servicer shall hold the proceeds thereof as Threshold Event Collateral. The Threshold Event Cure shall continue until (i) the appraised
value of the Property plus the value of the Threshold Event Collateral would not be sufficient to prevent a CCR Control Termination
Event from occurring (and should the appraised value of the Property plus the value of the Threshold Event Collateral be insufficient,
the Threshold Cure Holder shall have 30 days from the new third party Appraisal to deliver new Threshold Event Collateral as supplement
to the newly appraised value), or (ii) a determination is made by the Special Servicer that all proceeds in respect of the Mortgage
Loan or the Property have been received (a “Final Recovery

 

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Determination”). If the appraised value of the Property,
upon any redetermination thereof, is sufficient to avoid the occurrence of a CCR Control Termination Event without taking into
consideration any, or some portion of, the Threshold Event Collateral previously delivered by the Threshold Cure Holder, any or
such portion of Threshold Event Collateral held by the Servicer shall be required to be promptly returned to such Threshold Cure
Holder (at its direction and sole expense). Upon the Special Servicer’s determination of a Final Recovery Determination with
respect to the Mortgage Loan, such cash or proceeds of the letter of credit constituting Threshold Event Collateral in an amount
equal to the lesser of (a) all Threshold Event Collateral and (b) an amount sufficient to pay all amounts due on the Certificates
that were not sufficiently covered by the net sale proceeds or Final Recovery Determination, including all Applied Realized Loss
Amounts, shall be deposited in the Distribution Account to pay Certificateholders for all unpaid principal and interest, and to
reimburse Certificateholders for all Realized Losses after application of the net proceeds of liquidation, plus accrued and unpaid
interest thereon at the applicable interest rate and all other Trust Fund Expenses reimbursable under this Agreement. Any Threshold
Event Collateral (and the right to reimbursement of any amounts with respect thereto) shall be treated as an “outside reserve
fund” (as defined in Treasury Regulations Section 1.860G-2(h)), and the Threshold Cure Holder will be the beneficial owner
of any Threshold Event Collateral for all federal income tax purposes, and shall be taxable on all income earned thereon.

 

3.8          
Investment of Funds in the Collection Account and any Foreclosed Property Account. (a)  The Servicer and, with
respect to the Foreclosed Property Accounts and the Loss of Value Reserve Fund, the Special Servicer, may direct any depository
institution maintaining the Collection Account, any Foreclosed Property Account, the Loss of Value Reserve Fund, the Cash Management
Account (to the extent interest is not payable to the Borrower Related Parties) and any Reserve Account (to the extent interest
is not payable to the Borrower Related Parties), respectively (each of the Collection Account, any Foreclosed Property Account,
the Loss of Value Reserve Fund, the Cash Management Account and any Reserve Account, for purposes of this Section 3.8,
an “Investment Account”), to invest the funds in such Investment Account in one or more Permitted Investments
that bear interest or are sold at a discount, and that mature, unless payable on demand, no later than the Business Day preceding
the date on which such funds are required to be withdrawn from such Investment Account pursuant to this Agreement. Any direction
by the Servicer or the Special Servicer, as applicable, to invest funds on deposit in an Investment Account shall be in writing
and shall certify that the requested investment is a Permitted Investment which matures at or prior to the time required hereby
or is payable on demand. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of
funds in an Investment Account shall be made in the name of the Trustee (in its capacity as such) or in the name of a nominee of
the Trustee (including, without limitation, the Certificate Administrator on behalf of the Trustee). The Servicer, acting on behalf
of the Trustee, shall have sole control (or the Special Servicer, with respect to any Foreclosed Property Account) over each such
investment and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trustee or
its agent (which shall initially be the Servicer or the Special Servicer, as applicable), together with any document of transfer,
if any, necessary to transfer title to such investment to the Trustee or its nominee. The Trustee shall have no responsibility
or liability with respect to the investment directions of the Servicer or the Special Servicer or any losses resulting therefrom,
whether from Permitted Investments or otherwise. In the event amounts on deposit in an Investment Account are at any time invested
in a Permitted Investment payable on demand, the Servicer and the Special Servicer, as applicable, shall:

 

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(i)            
consistent with any notice required to be given thereunder, demand that payment thereon be made on the last day such Permitted
Investment may otherwise mature hereunder in an amount equal to the lesser of (1) all amounts then payable thereunder and
(2) the amount required to be withdrawn on such date; and

 

(ii)            
demand payment of all amounts due thereunder promptly upon determination by the Servicer or the Special Servicer, as applicable,
that such Permitted Investment would not constitute a Permitted Investment in respect of funds thereafter on deposit in the related
Investment Account.

 

(b)           
All net income and gain realized from investment of funds deposited in the Collection Account, the Cash Management Account
(to the extent not payable to the Borrower) and the Reserve Accounts (to the extent not payable to the Borrower) shall be for the
benefit of the Servicer in accordance with the terms and priorities of this Agreement. All net income and gain realized from investment
of funds deposited in the Foreclosed Property Account shall be for the benefit of the Special Servicer. Any net losses on funds
in the Collection Account, the Cash Management Account, the Reserve Accounts (except in the case of any such loss with respect
to the Cash Management Account or a Reserve Account, to the extent the loss amounts were invested for the benefit of the Borrower
under the terms of the Mortgage Loan Documents) or the Foreclosed Property Account shall be reimbursed by the Servicer or the Special
Servicer, as applicable, from its own funds promptly, but in any event on or prior to the Remittance Date following the realization
of such loss.

 

(c)            
Except as otherwise expressly provided in this Agreement, if any default occurs in the making of a payment due under any
Permitted Investment, or if a default occurs in any other performance required under any Permitted Investment, the Servicer or
the Special Servicer, as applicable, shall take such action as may be appropriate to enforce such payment or performance, including
the institution and prosecution of appropriate proceedings. In the event the Servicer or the Special Servicer, as applicable, takes
any such action, the Servicer shall pay or reimburse the Servicer or the Special Servicer, as applicable, out of the Trust Fund,
pursuant to Section 3.4(c), for all reasonable out of pocket expenses, disbursements and advances incurred or made
by the Servicer or the Special Servicer, as applicable, in connection therewith.

 

(d)           
Notwithstanding the foregoing, none of the Servicer, the Special Servicer or the Certificate Administrator (each in its
capacity as the Servicer, the Special Servicer or the Certificate Administrator, as the case may be) shall be required to deposit
any loss on an investment of funds in an account described in this Section 3.8 if such loss was incurred solely as
a result of the bankruptcy or insolvency of a depository institution or trust company holding such account, so long as (i) such
depository institution or trust company satisfied the qualifications set forth in the definition of Eligible Institution at the
time such investment or deposit was made and 30 days prior to the date of such loss; (ii) such depository institution
or trust company was not the Servicer, the Special Servicer or the Certificate Administrator, as applicable, or an Affiliate thereof,
and (iii) such loss is not the result of fraud, negligence, bad faith or willful misconduct of the Servicer, the Special Servicer
or the Certificate Administrator, as applicable; provided, however, that none of the Servicer, the Special Servicer,
the Trustee or the Certificate Administrator shall have any responsibility or liability with respect to the investment directions
made by any other party to this Agreement (not involving any investment direction from the party

 

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seeking to be absolved from responsibility
and liability) or any losses resulting therefrom, whether from Permitted Investments or otherwise.

 

3.9          
Payment of Taxes, Assessments, etc. The Servicer (other than with respect to a Foreclosed Property) and the Special
Servicer (with respect to any Foreclosed Property) shall maintain accurate records with respect to the Property (or such Foreclosed
Property, as the case may be) reflecting the status of real estate taxes, assessments, charges and other similar items that are
or may become a lien on the Property (or such Foreclosed Property, as the case may be) and the status of insurance premiums payable
in respect of insurance policies required to be maintained pursuant to Section 3.11 hereof. The Servicer shall obtain,
from time to time, all bills for the payment of such items (including renewal premiums). The Servicer shall pay real estate taxes,
assessments and charges, insurance premiums, ground rent, operating expenses and other similar items from funds in the applicable
Reserve Account in accordance with the Mortgage Loan Agreement at such time as may be required by the Mortgage Loan Documents.
If the Borrower Related Parties do not make the necessary payments and/or a Mortgage Loan Event of Default has occurred and amounts
in the applicable Reserve Account are insufficient to make such payments, the Servicer shall make a Property Protection Advance,
subject to the determination of non-recoverability provided in Section 3.23, from its own funds for amounts payable
with respect to all such items related to the Property when and as the same shall become due and payable. The Servicer shall ensure
that the amount of funds in the applicable Reserve Account is increased when and if applicable taxes, assessments, charges and
other similar items, ground rents or insurance premiums are increased, in accordance with the terms of the Mortgage Loan Agreement.

 

3.10         
Appointment of Special Servicer.
(a)  KeyBank National Association is hereby appointed as the initial Special Servicer to service the Mortgage Loan
while a Special Servicing Loan Event has occurred and is continuing and perform the other obligations of the Special Servicer
hereunder. The initial Special Servicer and any of its Affiliates shall not (i) pay, or become obligated, whether by agreement
or otherwise, and whether or not subject to any condition or contingency, to pay the Operating Advisor or any Affiliate thereof
any fee, or otherwise compensate or grant monetary or other consideration to the Operating Advisor or any Affiliate thereof (x)
in connection with its obligations under this Agreement or the performance thereof (other than any amounts that the Servicer (if
it is an Affiliate of the Special Servicer) is required to pay or remit to the Operating Advisor in accordance with Section
3.4(c) of this Agreement) or (y) in connection with the appointment of such Person as, or any recommendation by the Operating
Advisor for such Person to become, the successor Special Servicer, (ii) become entitled to receive any compensation from the Operating
Advisor or any Affiliate thereof in connection with its obligations under this Agreement or the performance thereof, or (iii)
become entitled to receive any fee from the Operating Advisor or any Affiliate thereof in connection with the appointment of such
Person as Special Servicer, unless, in each of the foregoing clauses (i) through (iii), such transaction has been
expressly approved by 100% of the Certificateholders. 

 

(b)           
If there is a Special Servicer Termination Event with respect to any Special Servicer, such Special Servicer may be removed
and replaced pursuant to Sections 7.1 and 7.2. Upon the occurrence of a Special Servicer Termination Event,
the Trustee must upon actual knowledge by a Responsible Officer, promptly notify the Companion Loan Holder(s) and the Certificate
Administrator in writing and the Certificate Administrator shall (i) post such notice on the Certificate Administrator’s
website, (ii) provide such notice to the 17g-5 Information Provider

 

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who must post such notice thereof to the 17g-5 Information
Provider’s website and (iii) provide notice to the Certificateholders by mail, to the addresses set forth on the Certificate
Register, unless the related Special Servicer Termination Event has been cured or waived. The appointment of any such successor
Special Servicer shall not relieve the Servicer or the Trustee of their respective obligations to make Advances as set forth herein;
provided, however, that the initial Special Servicer specified above shall not be liable for any actions or any inaction
of such successor Special Servicer. No termination fee shall be payable to the terminated Special Servicer. No termination of the
Special Servicer and appointment of a successor Special Servicer shall be effective until the successor Special Servicer has assumed
all of its responsibilities, duties and liabilities hereunder in writing and Rating Agency Confirmation with respect to such appointment
has been delivered to the Trustee. Any successor Special Servicer shall be deemed to make the representations and warranties provided
for in Section 2.5(a) mutatis mutandis as of the date of its succession. In addition, the Person accepting such assignment
and delegation shall constitute a Qualified Replacement Special Servicer.

 

The terminated Special
Servicer shall retain all rights accruing to it under this Agreement, including the right to receive fees accrued prior to its
termination and other amounts payable to it (including indemnification payments).

 

(c)            
Upon determining that a Special Servicing Loan Event has occurred and is continuing, the Servicer shall immediately give
notice thereof to the Special Servicer, the Operating Advisor, the Trustee, the Companion Loan Holder(s) and the Certificate Administrator,
and the Servicer shall use its reasonable efforts to provide the Special Servicer with all information, documents (but excluding
the original documents constituting the Mortgage Loan File) and records (including records stored electronically on computer tapes,
magnetic discs and the like) relating to the Mortgage Loan and reasonably requested by the Special Servicer to enable it to assume
its duties hereunder with respect thereto. The Servicer shall use its reasonable efforts to comply with the preceding sentence
within five (5) Business Days of the date that a Special Servicing Loan Event has occurred. The Servicer in any event shall continue
to act as Servicer and administrator of the Mortgage Loan until the Special Servicer has commenced the servicing of the Mortgage
Loan, upon the occurrence and during the continuation of a Special Servicing Loan Event, which shall occur, in the case of a Special
Servicing Loan Event, upon the receipt by the Special Servicer of the information, documents and records referred to in the preceding
sentence. The Special Servicer shall instruct the Borrower Related Parties to continue to remit all payments in respect of the
Mortgage Loan to the Servicer. The Servicer shall forward any notices it would otherwise send to the Borrower Related Parties under
the Mortgage Loan to the Special Servicer who shall send such notice to the Borrower Related Parties while a Special Servicing
Loan Event has occurred and is continuing. The Servicer (or, while a Special Servicing Loan Event has occurred and is continuing,
the Special Servicer) shall provide any related mezzanine lender all default-related notices required under any related mezzanine
intercreditor agreement, including, without limitation, in connection with any cure rights or purchase option. During the continuance
of a Special Servicing Loan Event with respect to the Mortgage Loan, the Special Servicer shall determine the effect on net present
value of various courses of action with respect to the Mortgage Loan, including without limitation, work-out of the Mortgage Loan
or foreclosure on the Property and pursue, subject to the terms of this Agreement, the course of action that it determines would
maximize recovery on the Mortgage Loan on a net present value basis. All net present value determinations shall be made in accordance
with Section 1.3(c).

 

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(d)           
Upon determining that a Special Servicing Loan Event is no longer continuing, the Special Servicer shall promptly give notice
thereof to the Companion Loan Holder(s), the Servicer, the Operating Advisor, the Trustee and the Certificate Administrator, and
upon giving such notice such Special Servicing Loan Event shall cease, the Special Servicer’s obligation to service the Mortgage
Loan shall terminate and the obligations of the Servicer to service and administer the Mortgage Loan shall resume and the Special
Servicer shall return all of the information and materials furnished to the Special Servicer pursuant to Section 3.10(c)
to the Servicer.

 

(e)            
In making a Major Decision or in servicing the Mortgage Loan during the continuance of a Special Servicing Loan Event, the
Special Servicer shall provide to the Certificate Administrator originals of documents entered into in connection therewith that
are required to be included within the definition of “Mortgage Loan File” for inclusion in the Mortgage Loan
File (to the extent such documents are in the possession of the Special Servicer) and copies of any additional related Mortgage
Loan information, including correspondence with the Borrower Related Parties, and the Special Servicer shall promptly provide copies
of all of the foregoing to the Servicer and the Operating Advisor, as well as copies of any analysis or internal review prepared
by or for the benefit of the Special Servicer, provided that, such materials shall not include any Privileged Information.

 

(f)            
During any period in which a Special Servicing Loan Event is continuing with respect to the Mortgage Loan, no later than
2:00 p.m. (New York time) the Business Day following the Determination Date, the Special Servicer shall deliver to the Servicer
a written statement (or, if applicable, one or more CREFC® Reports that contain(s) the information set forth in
clauses (i) and (ii) below of this Section 3.10(f)) describing (i) the amount of all payments
on account of interest received on the Mortgage Loan, the amount of all payments on account of principal received on the Mortgage
Loan, the amount of Insurance Proceeds, Condemnation Proceeds and Net Liquidation Proceeds received, the amount of any Foreclosure
Proceeds received with respect to the Property, and the amount of net income or net loss, as determined from management of a trade
or business on, the furnishing or rendering of a non-customary service to the tenants of, or the receipt of any rental income that
does not constitute rents from real property with respect to, the Foreclosed Property, in each case in accordance with Section 3.15
and (ii) such additional information relating to the Mortgage Loan as the Servicer, the Certificate Administrator or the Trustee
reasonably requests to enable it to perform its duties under this Agreement.

 

(g)           
Notwithstanding the provisions of the preceding subsection (c), the Servicer shall maintain ongoing payment
records with respect to the Mortgage Loan and shall provide the Special Servicer with any information reasonably required by the
Special Servicer to perform its duties under this Agreement. Such records shall be maintained on both a whole loan basis and a
note by note basis.

 

(h)           
Within 60 days after a Special Servicing Loan Event occurs, the Special Servicer shall prepare a report (the “Asset
Status Report”) for the Mortgage Loan and deliver such report (in a format reasonably acceptable to the recipients and
the Special Servicer) to any applicable Consenting Party and Consulting Party, the Servicer and any Companion Loan Holder(s) and,
in the case of a Final Asset Status Report, to the Operating Advisor (even if the Operating Advisor is not a Consulting Party),
the Certificate Administrator and the 17g-5

 

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Information Provider (who shall promptly post it to the 17g-5 Information Provider’s
Website pursuant to Section 8.14(b)). Such Asset Status Report shall set forth the following information to the extent
reasonably determinable:

 

(i)            
summary of the status of the Mortgage Loan and any negotiations with the Borrower and any Borrower Related Party;

 

(ii)            a discussion of the legal and environmental considerations reasonably known at such time to the Special Servicer, consistent
with Accepted Servicing Practices, that are applicable to the exercise of remedies as aforesaid and to the enforcement of any related
guaranties or other collateral for the Mortgage Loan and whether outside legal counsel has been retained;

 

(iii)           the most current rent roll and income or operating statement available for the Property;

 

(iv)           the Special Servicer’s recommendations on how the Mortgage Loan might be returned to performing status or otherwise
realized upon;

 

(v)            the appraised value of the Property together with the Appraisal or the assumptions used in the calculation thereof;

 

(vi)           the status of any foreclosure actions or other proceedings undertaken with respect thereto, any proposed work-outs with
respect thereto and the status of any negotiations with respect to such work-outs, and an assessment of the likelihood of additional
Mortgage Loan Events of Default;

 

(vii)          a description of any proposed amendment, modification or waiver of a material term of any ground lease;

 

(viii)         a description of any actions taken or proposed actions to be taken;

 

(ix)            the alternative courses of action considered by the Special Servicer in connection with any actions taken or proposed actions
to be taken;

 

(x)            
the action that the Special Servicer made or intends or proposes to make, including a narrative analysis setting forth the
Special Servicer’s rationale for its proposed action, including its rejection of the alternatives; and an analysis of whether
or not taking such action is reasonably likely to produce a greater recovery on a present value basis than not taking such action,
setting forth (x) the basis on which the Special Servicer made such determination and (y) the net present value calculation
(including the applicable discount rate used) and all related assumptions;

 

(xi)            a summary of the status of any action that was described in the most recent prior Asset Status Report and subsequently effected
by the Special Servicer; and

 

(xii)           such other information as the Special Servicer deems relevant in light of the proposed action and Accepted Servicing Practices.

 

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The Special Servicer
shall: (x) deliver to the Certificate Administrator, in an electronic format reasonably acceptable to the Certificate Administrator
and the Special Servicer, a proposed notice to Certificateholders that shall include a summary of any Final Asset Status Report
(which shall be a brief summary of the current status of the Property and strategy with respect to the resolution and work-out
of the Mortgage Loan), and the Certificate Administrator shall post such summary (but not the Asset Status Report) on the Certificate
Administrator’s Website pursuant to Section 8.14(b); (y) deliver any Final Asset Status Report to the 17g-5 Information
Provider in an electronic format reasonably acceptable to the 17g-5 Information Provider (who shall post such Final Asset Status
Report to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)); and (z) implement the applicable
Final Asset Status Report in the form delivered to the 17g-5 Information Provider pursuant to the first paragraph of this Section 3.10(h).
If the Special Servicer modifies any Final Asset Status Report that it has previously delivered, then, in connection therewith,
the Special Servicer shall (i) deliver such modified Final Asset Status Report (in a format reasonably acceptable to the recipients
and the Special Servicer) to any applicable Consenting Party, any applicable Consulting Party, the Servicer, the Operating Advisor
(even if it is not a Consulting Party) and any Companion Loan Holder(s), (ii) deliver such modified Final Asset Status Report to
the 17g-5 Information Provider in an electronic format reasonably acceptable to the 17g-5 Information Provider (which the 17g-5
Information Provider shall post on the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)), (iii) deliver
a summary of the modified Final Asset Status Report to the Certificate Administrator (in an electronic format reasonably acceptable
to the Certificate Administrator), which the Certificate Administrator shall post on the Certificate Administrator’s Website
pursuant to Section 8.14(b), and (iv) implement such modified Final Asset Status Report in the form delivered to the
17g-5 Information Provider.

 

If any applicable Consenting
Party (i) affirmatively approves in writing an Asset Status Report or (ii) does not disapprove an Asset Status Report
within ten Business Days after receipt of such Asset Status Report together with all information in the possession of the Special
Servicer that is reasonably necessary for such Consenting Party to make a decision regarding such Asset Status Report (in which
case, under the circumstances set forth in this clause (ii), such Consenting Party shall be deemed to have approved such
Asset Status Report), then the Special Servicer shall take the recommended actions described in such Asset Status Report. Within
ten Business Days after receipt of an Asset Status Report, together with all information reasonably requested by any applicable
Consenting Party in the possession of the Special Servicer that is reasonably necessary to make a decision regarding the Asset
Status Report, such Consenting Party may object to such Asset Status Report.

 

If any applicable Consenting
Party disapproves an Asset Status Report within the above-referenced ten Business Day period, then the Special Servicer shall revise
such Asset Status Report and deliver such revised Asset Status Report as soon as practicable thereafter, but in no event later
than 30 days after such disapproval of the Asset Status Report by such Consenting Party, to (i) any applicable Consenting
Party, (ii) any applicable Consulting Party, (iii) the Servicer, (iv) any Companion Loan Holder(s), and (iv) solely
in the case of a Final Asset Status Report, the Operating Advisor (even if the Operating Advisor is not a Consulting Party), the
Certificate Administrator and the 17g-5 Information Provider (who shall promptly post it to the 17g-5 Information Provider’s
Website pursuant to Section 8.14(b)). If and for so long as there is an applicable Consenting Party, the Special Servicer
shall revise such Asset Status Report as

 

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provided in the prior sentence until the earliest of (a) the delivery by such Consenting
Party of an affirmative approval in writing of such revised Asset Status Report, (b) the Special Servicer’s determination,
consistent with Accepted Servicing Practices, that such objection is not in the best interests of the Certificateholders and (c) the
failure of such Consenting Party to disapprove such revised Asset Status Report in writing within ten Business Days of its receipt
thereof; provided that the Special Servicer may take actions with respect to the Property before the expiration of such
ten Business Day period if the Special Servicer reasonably determines that failure to take such action before the expiration of
such ten Business Day period would violate the Accepted Servicing Practices; and provided, further, that if such
Consenting Party has timely disapproved as required hereunder, but has not approved or been deemed to approve any revised Asset
Status Report within 90 days from the submission of the initial Asset Status Report, then the Special Servicer and such Consenting
Party shall use reasonable efforts to negotiate a mutually agreeable Asset Status Report during the next thirty (30) days,
and if they are unable to reach an agreement within such 30-day period, the Special Servicer shall take the action recommended
in its most recently submitted Asset Status Report, provided, that such action does not violate Accepted Servicing Practices.
The Asset Status Report and all modifications thereto shall be prepared in accordance with the Accepted Servicing Practices.

 

The Special Servicer
may, from time to time, modify any Asset Status Report it has previously delivered and implement the new action in such revised
report so long as such revised report has been prepared, delivered, reviewed and either approved or not rejected as provided above.

 

If and for so long as
there is an applicable Consulting Party, the Special Servicer shall also consult on a non-binding basis with such Consulting Party
in connection with each Asset Status Report prior to finalizing and executing such Asset Status Report and such Consulting Party
shall be permitted to propose alternative courses of action within 10 Business Days of receipt of each Asset Status Report.
The Special Servicer shall consider any such alternative courses of action and any other feedback provided by any applicable Consulting
Party. The Special Servicer may revise the Asset Status Reports as it deems reasonably necessary in accordance with Accepted Servicing
Practices to take into account any input and/or recommendations of the applicable Consulting Party. The Special Servicer shall
deliver to the Operating Advisor each Final Asset Status Report and, if an Operating Advisor Consultation Trigger Event exists,
each other Asset Status Report.

 

The Special Servicer
may not take any action inconsistent with an Asset Status Report that has been adopted as provided above, unless such action would
be required in order to act in accordance with Accepted Servicing Practices. During any CCR Control Period or any CCR Consultation
Period or during the continuance of an Operating Advisor Consultation Trigger Event, if the Special Servicer takes any action inconsistent
with an Asset Status Report that has been adopted as provided above, the Special Servicer shall promptly notify the Operating Advisor
and, during any CCR Control Period or any CCR Consultation Period, the Controlling Class Representative of such inconsistent action
and provide a reasonably detailed explanation of the reasons therefor.

 

Notwithstanding anything
herein to the contrary: (i) the Special Servicer shall have no right or obligation to consult with or to seek and/or obtain
consent or approval from any

 

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Controlling Class Representative prior to acting (and provisions of this Agreement requiring such
consultation, consent or approval shall be of no effect) during the period following any resignation or removal of a Controlling
Class Representative and before a replacement is selected and/or identified; and (ii) no advice, direction, objection or consultation
from or by a Consenting Party or a Consulting Party, as applicable, pursuant to or as contemplated by any provision of this Agreement,
may (and neither the Special Servicer nor the Servicer shall follow any such advice, direction, objection or consultation that
the Special Servicer or the Servicer, as applicable, has determined, in its reasonable, good faith judgment, would): (A) require
or cause the Special Servicer or the Servicer to violate applicable law, the terms of the Mortgage Loan Documents, the Co-Lender
Agreement or any related mezzanine intercreditor agreement or any Section of this Agreement, including the Special Servicer’s
or the Servicer’s obligation to act in accordance with Accepted Servicing Practices, (B) result in the imposition of
federal income tax on the Trust, or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC, (C) expose
the Trust, any Certificateholder, any Companion Loan Holder, the Depositor, the Servicer, the Special Servicer, the Trustee, the
Certificate Administrator, the Operating Advisor or any of their respective Affiliates, members, managers, officers, directors,
employees or agents, to any material claim, suit or liability or (D) materially expand the scope of the Servicer’s or
Special Servicer’s responsibilities under this Agreement or the scope of the Trustee’s or Certificate Administrator’s
responsibilities under this Agreement.

 

(i)             
During the continuance of a Special Servicing Loan Event, the Special Servicer shall have the authority to meet with the
Borrower Related Parties and, subject to the rights of any applicable Consenting Party and any applicable Consulting Party, take
any actions consistent with Section 3.24, Accepted Servicing Practices and the most recent Asset Status Report.

 

(j)             
Upon request of any Certificateholder (or any Beneficial Owner, if applicable), which constitutes a Non-Restricted Privileged
Person and which shall have provided the Certificate Administrator with an Investor Certification in the form of Exhibit K-1,
the Certificate Administrator shall mail or transmit electronically, without charge, to the address specified in such request a
copy of the summary of any Final Asset Status Report. Notwithstanding anything to the contrary in this Agreement, a Certificateholder
(or any Beneficial Owner, if applicable), which shall have provided the Certificate Administrator with an Investor Certification
in the form of Exhibit K-2, shall only be entitled to receive a copy of the most current Distribution Date Statements
and no other reports from the Certificate Administrator’s Website.

 

(k)           
During the continuance of a Special Servicing Loan Event, on the last day of each Collection Period the Special Servicer
shall prepare and deliver to the Servicer the CREFC® Special Servicer Loan File and, to the extent required under
the then current applicable CREFC® guidelines, CREFC® Special Servicer Property File with respect
to the Mortgage Loan.

 

3.11         
Maintenance of Insurance and Errors and Omissions and Fidelity Coverage. (a) The Servicer shall use efforts
consistent with Accepted Servicing Practices to cause the Borrower to maintain (or if the Borrower fails to maintain such insurance,
the Servicer shall cause to be maintained to the extent such insurance is available at commercially reasonable rates and to the
extent the Trustee, as mortgagee, has an insurable interest) insurance with respect to the Property of the types and in the amounts
required to be maintained by the Borrower under the

 

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Mortgage Loan Documents. The Servicer shall require such insurance policies
to be issued by insurers satisfying the requirements of the Mortgage Loan Documents. The cost of any such insurance maintained
by the Servicer shall be advanced by the Servicer, as a Property Protection Advance unless it would be a Nonrecoverable Advance.
Neither the Servicer nor the Special Servicer shall be required to maintain, and shall not cause the Borrower to be in default
with respect to the failure of the Borrower to obtain, all-risk casualty insurance which does not contain any carve-out for terrorist
or similar acts, if and only if the Special Servicer (subject to the consent of any applicable Consenting Party) has determined,
in accordance with Accepted Servicing Practices, that (i) such insurance is not required pursuant to the terms of the Mortgage
Loan Documents as in effect on such date, or (ii) the failure to maintain such insurance would constitute an Acceptable Insurance
Default. Neither the Servicer nor the Special Servicer shall be required to obtain terrorism insurance pursuant to this Agreement
to the extent the Borrower would not be obligated to maintain terrorism insurance under the Mortgage Loan Documents as in effect
on the date thereof, and, accordingly, prior to the Property becoming a Foreclosed Property, neither the Servicer nor the Special
Servicer shall spend more for terrorism insurance premiums than the Borrower shall be obligated to spend. Notwithstanding anything
in this Agreement, neither the Servicer nor the Special Servicer shall be required to maintain or cause to be maintained any insurance
if such insurance would require a Property Protection Advance that would be a Nonrecoverable Advance (provided, that nothing
shall prohibit the Servicer or the Special Servicer, as applicable, from maintaining such insurance if the costs of doing so are
paid as an expense of the Trust).

 

(b)           
The Special Servicer, consistent with Accepted Servicing Practices and the Mortgage Loan Documents, shall cause to be maintained
such insurance (including environmental insurance) with respect to the Foreclosed Property as the Borrower is required to maintain
with respect to the Property referred to in subsection (a) of this Section 3.11. The cost of any such insurance
with respect to a Foreclosed Property shall be payable out of amounts on deposit in the Foreclosed Property Account or shall be
advanced by the Servicer as a Property Protection Advance unless such advance would be a Nonrecoverable Advance (in which case
the Servicer shall pay such amount from the Collection Account as an expense of the Trust). Any such insurance (other than terrorism
insurance, which shall be maintained to the extent required under subsection (a) of this Section 3.11)
that is required to be maintained with respect to any Foreclosed Property shall only be so required to the extent such insurance
is available at commercially reasonable rates and the Trustee, as prior mortgagee, or other applicable party on behalf of the Trust
and the Companion Loan Holder(s) has an insurable interest. If the Special Servicer requests the Servicer to make a Property Protection
Advance in respect of the premiums due in respect of such insurance, the Servicer shall, as soon as practicable after receipt of
such request, make such Property Protection Advance unless such Advance would be a Nonrecoverable Advance, and if the Servicer
does not make such Advance, the Trustee (within five (5) Business Days of its receipt of notice of the Servicer’s failure
to make such Advance) shall make an Advance of the premiums to maintain such insurance, provided that, in each such case,
such obligations shall be subject to the provisions of this Agreement concerning Nonrecoverable Advances, the Trustee as mortgagee
having an insurable interest and the availability of such insurance at commercially reasonable rates.

 

(c)            
The Servicer or the Special Servicer, as applicable, may satisfy its obligations to cause insurance policies to be maintained
by maintaining a master force placed or

 

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blanket insurance policy insuring against losses on the Property or Foreclosed Property,
as the case may be, for which coverage is otherwise required to be maintained as set forth in the preceding subsections of this
Section 3.11. The incremental cost of such insurance allocable to the Property or Foreclosed Property, if not borne
by the Borrower, shall be paid by the Servicer as a Property Protection Advance unless it would be a Nonrecoverable Advance (in
which case it shall be paid from the Collection Account as an expense of the Trust). If such master force placed or blanket insurance
policy contains a deductible clause, the Servicer or the Special Servicer, as applicable, shall be obligated to deposit in the
Collection Account out of its own funds all sums that would have been deposited therein but for such clause to the extent any such
deductible exceeds the deductible limitation that pertained to the Mortgage Loan, or in the absence of any such deductible limitation,
the deductible limitation that is consistent with Accepted Servicing Practices.

 

(d)           
Each of the Servicer and the Special Servicer shall obtain and maintain at its own expense, and keep in full force and effect
throughout the term of this Agreement, a blanket fidelity bond and an errors and omissions insurance policy (from (i) any
insurer that has a claims-paying ability rated at least as follows by at least one of the following credit rating agencies: “A-”
by Fitch, “A-” by S&P, “A3” by Moody’s, “A-” by KBRA, “A(low)” by DBRS
Morningstar or “A-:X” by A.M. Best Company, Inc., or (ii) any other insurance company which does not result in
the downgrade, qualification (if applicable) or withdrawal of the ratings then assigned by any of the Rating Agencies to any Class
of Certificates, as evidenced by Rating Agency Confirmation provided to each of the Trustee and the Certificate Administrator)
covering the officers and employees of the Servicer or the Special Servicer, as applicable, in connection with its activities under
this Agreement. Each such insurance policy shall protect the Servicer or the Special Servicer, as applicable, against losses resulting
directly from forgery, theft, embezzlement, fraud, errors and omissions of such covered persons. Coverage of the Servicer or the
Special Servicer under a policy or bond obtained by an Affiliate thereof and providing the coverage required by this Section 3.11(d)
shall satisfy the requirements of this Section 3.11(d). The amount of coverage shall be at least equal to the coverage that
is required by applicable governmental authorities having regulatory power over the Servicer and the Special Servicer. If no such
coverage amounts are imposed by such regulatory authorities, the amount of coverage shall be at least equal to the coverage that
would be required by FNMA or FHLMC with respect to the Servicer and the Special Servicer if each were servicing and administering
the Mortgage Loan for FNMA or FHLMC or as otherwise approved by FNMA or FHLMC. In the event that any such bond or policy ceases
to be in effect, the Servicer or the Special Servicer, as applicable, shall obtain a comparable replacement bond or policy.

 

Both the Servicer and
Special Servicer shall be required to use reasonable efforts to cause each and every sub-servicer, if any, to maintain a blanket
fidelity bond and an errors and omissions insurance policy meeting the requirements set forth above in this Section3.11(d).
In the event that any such bond or policy ceases to be in effect, the Servicer or the Special Servicer, as applicable, shall be
required to obtain a comparable replacement bond or policy.

 

In lieu of the foregoing,
but subject to this Section 3.11(d), the Servicer and Special Servicer shall be entitled to self-insure directly or through
its parent with respect to such risks so long as the rating on its (or its immediate or remote parent’s) long-term unsecured
debt or deposit accounts is at least “A3” by Moody’s and “A(low)” or its equivalent by DBRS Morningstar
or, if not then rated by a particular Rating Agency, either (x) rated no lower than an equivalent rating by

 

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at least two other
NRSROs (which may include the other Rating Agency) or (y) rated no lower than “A:VIII” by A.M. Best Company, Inc.

 

(e)            
No provision of this Section 3.11 requiring such fidelity bond and errors and omissions insurance shall diminish
or relieve the Servicer or the Special Servicer from its duties and obligations as set forth in this Agreement. The Certificate
Administrator on the Trustee’s behalf shall be entitled to request, upon receipt of a written request from any Certificateholder,
and the Servicer and the Special Servicer shall each deliver or cause to be delivered to the Certificate Administrator on the Trustee’s
behalf (with a copy to the Operating Advisor), a certificate of insurance from the surety and insurer certifying that such insurance
is in full force and effect. The Certificate Administrator shall make any such certificate of insurance available to the requesting
Certificateholder on a confidential basis.

 

(f)            
The Operating Advisor shall obtain and maintain at its own expense and keep in full force and effect throughout the term
of this Agreement an “errors and omissions” insurance policy (from (i) any insurer whose claims-paying ability is rated
at least as follows by at least one of the following credit rating agencies: “A-” by Fitch, “A-” by S&P,
“A3” by Moody’s, “A-” by KBRA, “A(low)” by DBRS Morningstar or “A-:X” by
A.M. Best Company, Inc., or (ii) any other insurance company which does not result in the downgrade, qualification (if applicable)
or withdrawal of the ratings then assigned by any of the Rating Agencies to any Class of Certificates, as evidenced by Rating Agency
Confirmation provided to each of the Trustee and the Certificate Administrator) covering losses that may be sustained as a result
of an officer’s or employee’s errors or omissions.

 

3.12         
Procedures with Respect to Defaulted Mortgage
Loan; Realization upon the Property. (a) Upon a Mortgage Loan Event of Default, the Special Servicer on behalf
of the Trust and the Companion Loan Holder(s) (subject to the consent rights of any applicable Consenting Party and the consultation
rights of any applicable Consulting Party), subject to the terms of the Mortgage Loan Documents and consistent with Accepted Servicing
Practices, shall promptly pursue the remedies set forth in the Mortgage Loan Documents, including foreclosure or otherwise realization
on the Property and the other collateral for the Mortgage Loan. In connection with any foreclosure, enforcement of the applicable
Mortgage Loan Documents or other realization on the collateral for the Mortgage Loan, the Special Servicer shall direct the Servicer
to, and the Servicer shall, pay the costs and expenses in any such proceedings as a Property Protection Advance unless the Servicer
or the Special Servicer determines, in accordance with Accepted Servicing Practices, that such Advance would constitute a Nonrecoverable
Advance. If such Advance is determined to constitute a Nonrecoverable Advance, then such expenses shall be paid from the Collection
Account as an expense of the Trust if consistent with Accepted Servicing Practices.

 

(b)           
Such proposed acceleration of the Mortgage Loan and/or foreclosure on the Property shall be taken unless the Special Servicer
waives such Mortgage Loan Event of Default (or modifies or amends the Mortgage Loan to cure the Mortgage Loan Event of Default),
which the Special Servicer may do if such modification, waiver or amendment is consistent with Accepted Servicing Practices and
does not cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC under the REMIC Provisions or
constitute a “significant modification” of the Mortgage Loan under Treasury Regulations Section 1.860G-2(b).

 

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(c)            
In connection with such foreclosure as described in Section 3.12(a) or other realization on the Property, the Special
Servicer shall follow Accepted Servicing Practices; provided, however, that the Special Servicer shall not be permitted
to direct the Servicer, and neither the Special Servicer nor the Servicer shall be required, to expend its own funds to restore
the Property damaged by an Uninsured Cause unless the Servicer or the Special Servicer, as applicable, permitted the related insurance
policy to lapse in violation of its respective obligations hereunder. If the Servicer does expend its own funds to restore the
Property damaged by an Uninsured Cause (which insurance policy did not lapse in violation of the Servicer’s obligations),
such expense shall be a Property Protection Advance. In connection with any foreclosure, enforcement of the Mortgage Loan Documents
or other realization on the Collateral, the Special Servicer shall direct the Servicer to, and the Servicer shall, pay the costs
and expenses in any such proceedings as a Property Protection Advance unless the Servicer or the Special Servicer determines, in
accordance with Accepted Servicing Practices, that such Advance would constitute a Nonrecoverable Advance. If such Advance is determined
to constitute a Nonrecoverable Advance, then such expenses shall be paid as an expense of the Trust from the Collection Account
if consistent with Accepted Servicing Practices.

 

(d)           
Notwithstanding the foregoing, the Special Servicer may not foreclose on the Property on behalf of the Trust and the Companion
Loan Holder(s) and thereby cause the Trust to be the beneficial owner of the Property, or take any other action with respect to
the Property that would cause the Trust or the Certificate Administrator or the Trustee, on behalf of the Trust, or any Companion
Loan Holder to be considered to hold title to, to be a “mortgagee-in-possession” of, or to be an “owner”
or “operator” of the Property within the meaning of CERCLA or any comparable law, unless the Special Servicer has previously
determined, based on a report prepared at the expense of the Trust by an independent person who regularly conducts site assessments
for purchasers of comparable properties, that (i) the Property is in compliance with applicable Environmental Laws or that
taking the remedial actions necessary to comply with such laws is reasonably likely to produce a greater recovery on a present
value basis than not taking such actions and (ii) there are no circumstances known to the Special Servicer relating to the
use of hazardous substances or petroleum-based materials which require investigation or remediation, or that if such circumstances
exist taking such remedial actions is reasonably likely to produce a greater recovery on a net present value basis than not taking
such actions. The Special Servicer shall deliver a copy of any such report in electronic format to the 17g-5 Information Provider
(who shall make such report available to the Rating Agencies and NRSROs pursuant to Section 8.14(b)) and to the Certificate
Administrator (who shall post such report to the Certificate Administrator’s Website pursuant to Section 8.14(b)).

 

If the Special Servicer
has so determined based on satisfaction of the criteria in this Section 3.12(d) that it would be in the best economic
interest of the Trust and the Companion Loan Holder(s) (as a collective whole, as if the Trust and the Companion Loan Holder(s)
constituted a single lender) (as determined in accordance with Accepted Servicing Practices) to institute a foreclosure or take
any other actions described in the immediately preceding paragraph, then subject to the rights of any related mezzanine
lender, if applicable, and subject to the rights of (i) any applicable Consenting Party to consent to, and (ii) any applicable
Consulting Party to consult in respect of, such action pursuant to the terms hereof, the Special Servicer shall take such proposed
action.

 

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The Special Servicer
shall direct the Servicer to, and the Servicer shall, advance the cost of any such compliance, containment, clean up or remediation
as a Property Protection Advance unless the Servicer or the Special Servicer determines that such Advance would constitute a Nonrecoverable
Advance. If such Advance is determined to constitute a Nonrecoverable Advance, then such expenses shall be paid from the Collection
Account as an expense of the Trust if consistent with Accepted Servicing Practices.

 

(e)            
The environmental site assessments contemplated by Section 3.12(d) shall be prepared by any Independent Person
who regularly conducts environmental site assessments for purchasers of comparable properties, as determined by the Servicer in
a manner consistent with Accepted Servicing Practices. The cost of each such environmental site assessment shall qualify as a Property
Protection Advance and shall be advanced by the Servicer unless the Servicer or the Special Servicer determines that such Advance
would constitute a Nonrecoverable Advance.

 

(f)            
Notwithstanding any provision herein to the contrary, the Special Servicer shall not acquire and hold for the benefit of
the Trust any personal property (including any Collateral consisting of franchise agreements, intellectual property or equity interests
in any entity or other non-real property Collateral) pursuant to this Section 3.12 unless:

 

(i)            
 such personal property is incidental to real property (within the meaning of Section 856(e)(1) of the Code) so acquired
by the Special Servicer; or

 

(ii)            
the Special Servicer shall have obtained an Opinion of Counsel (the cost of which shall be paid by the Servicer as a Property
Protection Advance) to the effect that the holding of such personal property by the Trust Fund will not cause the imposition of
a tax on the Upper-Tier REMIC or the Lower-Tier REMIC under the REMIC Provisions or cause the Upper-Tier REMIC or the Lower-Tier
REMIC to fail to qualify as a REMIC at any time that any Uncertificated Lower-Tier Interest or Certificate is outstanding.

 

(g)           
Notwithstanding any acquisition of title to the Property following a Mortgage Loan Event of Default and cancellation of
the Mortgage Loan, the Mortgage Loan shall be an REO Mortgage Loan and shall be deemed to remain outstanding and held in the Trust
for purposes of all calculations hereunder, including the application of collections, and shall be reduced only by collections
net of expenses. For purposes of all calculations hereunder, so long as the Mortgage Loan shall be deemed to remain outstanding,
(i) it shall be assumed that the unpaid principal balance of the Mortgage Loan immediately after any discharge is equal to
the unpaid principal balance of the Mortgage Loan immediately prior to such discharge and (ii) Foreclosure Proceeds shall
be applied as provided in Section 1.3(b).

 

(h)           
The Special Servicer shall notify the Servicer if the Property (including any Foreclosed Property) is abandoned or foreclosed
and requires reporting to the IRS and shall provide the Servicer with all information regarding forgiveness of indebtedness and
required to be reported with respect to any item in the Trust Fund which is abandoned or foreclosed and the Servicer shall report
to the IRS and the Borrower, in the manner required by applicable law, such information and the Servicer shall report, via Form
1099A and 1099C, all forgiveness of indebtedness and foreclosure and abandonments to the extent such information has been provided
to the Servicer by the Special Servicer. The Special Servicer shall deliver to the Servicer its

 

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standard Form 1099 Template Workbook
(as defined in the CREFC 1099 Best Practices publication) for all such items in the Trust Fund on or before January 20 of each
calendar year or, if such date is not a Business Day, on the preceding Business Day. Upon request, the Servicer shall deliver a
copy of any such report to the Trustee and the Certificate Administrator.

 

3.13         
Certificate Administrator to Cooperate; Release of Items in Mortgage Loan File. From time to time and as appropriate
for the servicing of the Mortgage Loan or foreclosure of or realization on the Property, the Certificate Administrator shall, upon
request of the Servicer or the Special Servicer and delivery to the Certificate Administrator of a request for release in the form
of Exhibit B hereto, release or cause its Custodian to release any items from the Mortgage Loan File to the Servicer
or the Special Servicer, as the case may be, within the lesser of (i) seven (7) calendar days and (ii) five (5) Business
Days of its receipt of the related request for release, and the Trustee shall execute such documents furnished to it as shall be
necessary to the prosecution of any such proceedings. Such receipt for release shall obligate the Servicer or the Special Servicer
to (and the Servicer or the Special Servicer, as applicable, shall) return such items to the Certificate Administrator (in its
capacity as the Custodian) when the need therefor by the Servicer or the Special Servicer no longer exists. The Certificate Administrator
shall not have any responsibility or duty with respect to any item in the Mortgage Loan File while not in its (or its Custodian’s)
physical possession (provided that such item in the Mortgage Loan File was properly released in accordance with this Agreement),
it being understood and agreed that possession by the Certificate Administrator of any Collateral Security Documents shall not
be imputed to the Certificate Administrator at any time such Collateral Security Documents have been properly released pursuant
to the terms hereof.

 

3.14         
Title and Management of Foreclosed Property. (a) In the event that title to the Property is acquired for the benefit
of the Certificateholders and the Companion Loan Holder(s) in foreclosure or by deed in lieu of foreclosure or otherwise, the deed,
certificate of sale or other comparable document shall be taken in the name of the Trustee, as trustee for the benefit of the Holders
of BWAY Commercial Mortgage Trust 2022-26BW, or its nominee (which shall not include the Special Servicer), on behalf of the Trust
and the Companion Loan Holder(s) or as otherwise contemplated pursuant to Section 8.10. Title may be taken in the name
of a limited liability company wholly-owned by the Trust and which is managed by the Special Servicer (the costs of which shall
be advanced by the Servicer, provided that such Advance would not be a Nonrecoverable Advance or from the Collection Account
if such Advance is a Nonrecoverable Advance). Promptly after such acquisition of title, the Special Servicer shall consult with
counsel to determine when an Acquisition Date shall be deemed to occur under the REMIC Provisions with respect to the Property,
the expense of such consultation being treated as a reimbursable expense of the Special Servicer related to the foreclosure. The
Special Servicer, on behalf of the Trust and the Companion Loan Holder(s), shall dispose of any Foreclosed Property held by the
Trust as expeditiously as appropriate in accordance with Accepted Servicing Practices, but in any event within the time period,
and subject to the conditions, set forth in Sections 3.15 and Section 12.2. Subject to Sections 12.2
and Section 3.14(d), the Special Servicer shall hire on behalf of the Trust and the Companion Loan Holder(s) a Successor
Manager to manage, conserve, protect and operate such Foreclosed Property for the Certificateholders and the Companion Loan Holder(s)
solely for the purpose of its prompt disposition and sale. In connection with such management and subject to Section 3.4(c)(vi),
the Successor Manager shall be entitled to the REO

 

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Management Fee solely from the Foreclosed Property Account or the Collection
Account pursuant to Section 3.4(c)(vi).

 

(b)           The Special Servicer shall segregate and hold all funds collected and received in connection with the operation of any Foreclosed
Property separate and apart from its own funds and general assets and shall establish and maintain with respect to the Foreclosed
Property a Foreclosed Property Account in the name of the Special Servicer on behalf of the Trustee or in the name of a limited
liability company wholly owned by the Trust that is managed by the Special Servicer for the benefit of the Trust, pursuant to Section 3.6.

 

(c)           The Special Servicer shall have full power and authority, subject to Accepted Servicing Practices, the REMIC Provisions
and the specific requirements and prohibitions of this Agreement, to do any and all things in connection with the management and
operation of any Foreclosed Property for the benefit of the Trust and the Companion Loan Holder(s) (as a collective whole as if
the Trust and the Companion Loan Holder(s) constituted a single lender) in accordance with Accepted Servicing Practices, all on
such terms and for such period as the Special Servicer deems to be consistent with Accepted Servicing Practices. The Special Servicer
shall (i) cause, in accordance with Accepted Servicing Practices any Foreclosed Property to be administered so that it constitutes
“foreclosure property” within the meaning of the REMIC Provisions at all times, and (ii) cause, in accordance
with Accepted Servicing Practices, any income from the operation or the sale of any Foreclosed Property to not result in the receipt
by the Trust of any income from non-permitted assets as described in Code Section 860F(a)(2)(B).

 

The Special Servicer
shall deposit or cause to be deposited on a daily basis in the related Foreclosed Property Account all properly identified revenues
received with respect to a Foreclosed Property, and the Special Servicer shall cause to be withdrawn therefrom funds necessary
for the proper operation, management and maintenance of such Foreclosed Property and for other expenses related to the preservation
and protection of such Foreclosed Property, including, but not limited to:

 

(i)            all insurance premiums due and payable in respect of such Foreclosed Property;

 

(ii)           all taxes, assessments, charges or other similar items in respect of such Foreclosed Property that could result or have
resulted in the imposition of a lien thereon; and

 

(iii)          all costs and expenses necessary to preserve such Foreclosed Property, including the payment of ground rent, if any.

 

To the extent that amounts
on deposit in the Foreclosed Property Account are insufficient for the purposes set forth in clauses (i) through (iii)
above (and all similar amounts or expenses), the Special Servicer shall direct the Servicer to, and the Servicer shall, make a
Property Protection Advance unless the Servicer or the Special Servicer determines, in accordance with Accepted Servicing Practices,
that such Advance would constitute a Nonrecoverable Advance. If such Advance is determined to constitute a Nonrecoverable Advance,
then such expenses shall be paid from the Collection Account if consistent with Accepted Servicing Practices.

 

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(d)          The Special Servicer, on behalf of the Trust, shall (subject to Section  3.14(a)) contract with any Successor
Manager for the operation and management of any such Foreclosed Property; provided that no such contract shall impose individual
liability on the Trustee or the Trust; provided, further, that:

 

(i)            the terms and conditions of any such contract shall not be inconsistent herewith;

 

(ii)           any such contract shall require, or shall be administered to require, that the Successor Manager (A) request that the
Special Servicer pay from the Foreclosed Property Account all costs and expenses incurred in connection with the operation and
management of any such Foreclosed Property, and (B) remit all related revenues (net of such costs and expenses) to the Special
Servicer, as soon as practicable but in no event later than the Business Day immediately following receipt, for deposit into the
Foreclosed Property Account; and

 

(iii)          none of the provisions of this Section 3.14 relating to any such contract or to actions taken through any such
Successor Manager shall be deemed to relieve the Special Servicer of any of its ordinary and regularly recurring duties and obligations
to the Trust on behalf of the Certificateholders and the Companion Loan Holder(s) with respect to the operation and management
of any such Foreclosed Property.

 

The Special Servicer
shall be entitled, and to the extent required by the REMIC Provisions, shall be required to enter into an agreement with any Independent
Contractor performing services for it related to its duties and obligations hereunder for indemnification of the Special Servicer
by such Independent Contractor, and nothing in this Agreement shall be deemed to limit or modify such indemnification. All REO
Management Fees shall be an expense of the Trust payable from the Foreclosed Property Account or subject to reimbursement pursuant
to Section 3.4(c)(vi). The Special Servicer agrees to monitor the performance of the Successor Manager and to enforce
the obligations of the Successor Manager on behalf of the Trust and the Companion Loan Holder(s). Expenses incurred by the Special
Servicer in connection herewith shall qualify as Property Protection Advances.

 

(e)           On or before the Business Day following the last day of each Collection Period, the Special Servicer shall withdraw from
the Foreclosed Property Account and remit to the Servicer for deposit into the Collection Account the proceeds and collections
received or collected during such Collection Period on or with respect to the Foreclosed Property (together with any funds no longer
needed in any reserves established as provided below), net of expenses paid therefrom and amounts reasonably expected to be needed
to fund any reserves deemed necessary for the operation, preservation and protection of such Foreclosed Property in the event that
the Foreclosed Property is a real property, including without limitation, the creation of reasonable reserves for working capital,
repairs, replacements and necessary capital improvements and other related expenses.

 

3.15         Sale of Foreclosed Property. (a) In the event that title to the Property or other collateral securing the Mortgage
Loan is acquired by the Special Servicer in the name of the Trustee or its nominee for the benefit of the Trust for the benefit
of the Certificateholders and the

 

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Companion Loan Holder(s) in foreclosure or by deed-in-lieu of foreclosure or otherwise, the deed,
certificate of sale or other comparable document shall be taken in the name of the Trustee, or its nominee (which shall not include
the Special Servicer), on behalf of the Trust and the Companion Loan Holder(s) or as otherwise contemplated pursuant to Section 8.10.
The Special Servicer shall be empowered, subject to the Code and the specific requirements and prohibitions of this Agreement,
to do any and all things in connection with the management and operations of any Foreclosed Property in accordance with Accepted
Servicing Practices and in the best interest of the Certificateholders and the Companion Loan Holder(s), as a collective whole
as if such Certificateholders and the Companion Loan Holder(s) constituted a single lender. The Special Servicer, on behalf of
the Trust and the Companion Loan Holder(s), shall sell any Foreclosed Property as expeditiously as appropriate in accordance with
Accepted Servicing Practices, but in no event later than the time period set forth in Section 12.2 hereof in a manner
provided under this Section 3.15.

 

(b)           
[Reserved].

 

(c)            
Subject to the consent rights of any applicable Consenting Party and the consultation rights of any applicable Consulting
Party, the Special Servicer shall accept the highest cash offer for a Foreclosed Property received from any person. However, in
no event may such offer be less than an amount at least equal to the portion of the Repurchase Price (calculated based on the Mortgage
Loan instead of the Trust Loan) attributable to such Foreclosed Property. In the absence of any such offer, the Special Servicer
shall accept the highest cash offer (other than from an Interested Person) that it determines is a fair price based on Appraisals
obtained within the last nine (9) months. If the highest offeror is an Interested Person or any Certificateholder, then the Trustee
shall determine the fairness of the highest offer based upon an independent appraisal obtained at the expense of the Trust; provided,
that if the Trustee is required to determine whether a cash offer by an Interested Person or any Certificateholder constitutes
a fair price, the Trustee may designate an independent third party expert in real estate or commercial mortgage loan matters with
at least five (5) years’ experience in valuation of or investment in properties similar to the Foreclosed Property,
which such expert shall be selected with reasonable care by the Trustee for the sole purpose of determining whether any such cash
offer constitutes a fair price for the Foreclosed Property; provided, further, that if the Trustee so designates
any such third party to make such determination, the Trustee shall be entitled to rely conclusively upon such third party’s
determination and the reasonable costs of all Appraisals, inspection reports and broker opinions of value incurred by the Trustee
in making such determination shall be reimbursable to it first, by the Servicer as an Advance, subject to the Servicer’s
or the Special Servicer’s determination that such amounts are not Nonrecoverable Advances, and then from the Collection Account
as an expense of the Trust. Notwithstanding the foregoing and subject to any applicable consent rights of any applicable Consenting
Party and any consultation rights of any applicable Consulting Party, the Special Servicer shall not be obligated to accept the
higher cash offer if the Special Servicer determines, in accordance with Accepted Servicing Practices, that rejection of such offer
would be in the best interests of the Certificateholders and the Companion Loan Holder(s) (as a collective whole, as if such Certificateholders
and the Companion Loan Holder(s) constituted a single lender), and the Special Servicer may accept a lower cash offer (from any
person other than itself or an Affiliate) if it determines, in accordance with Accepted Servicing Practices, that acceptance of
such offer would be in the best interests of the Certificateholders and the Companion Loan

 

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 Holder(s) (as a collective whole, as
if such Certificateholders and Companion Loan Holder(s) constituted a single lender).

 

(d)           
Subject to the provisions of Sections 3.14 and Section 12.2, the Special Servicer shall act on behalf
of the Trust and the Companion Loan Holder(s) in negotiating and taking any other action necessary or appropriate in connection
with the sale of a Foreclosed Property, including the collection of all amounts payable in connection therewith. Any sale of any
Foreclosed Property shall be without recourse to the Depositor, the Trust, the Trust Fund, the Servicer, the Special Servicer,
the Trustee, the Certificate Administrator, the Operating Advisor, the Certificateholders or the Companion Loan Holder(s) (except
that any contract of sale and assignment and conveyance documents may contain customary warranties, so long as the only recourse
for breach thereof is to the Trust and the Companion Loan Holder(s)) and if consummated in accordance with the terms of this Agreement,
none of the Depositor, the Trust, the Trust Fund, the Servicer, the Special Servicer, the Trustee, the Certificate Administrator
or the Operating Advisor shall have any liability to any Certificateholder or Companion Loan Holder(s) with respect to the purchase
price thereof accepted by the Special Servicer or the Trustee.

 

(e)            
The proceeds of any sale effected pursuant to this Section 3.15, after deduction of the expenses incurred in
connection therewith, shall be deposited in the Collection Account in accordance with Section  3.4(a).

 

(f)            
Within 30 days of the sale of a Foreclosed Property, the Special Servicer shall provide (if not previously included
in a CREFC® Report by the Servicer or the Special Servicer) to the Operating Advisor (if not previously made available
on the Certificate Administrator’s Website) and to the Servicer, and the Servicer shall provide (to the extent received from
the Special Servicer) to the Companion Loan Holder(s), the Trustee and the Certificate Administrator a statement of accounting
(or, if applicable, one or more CREFC® Reports that contain(s) the information set forth in clauses (i)
to (v) below of this Section 3.15(f)) for the Foreclosed Property, including, without limitation, (i) the
date the Foreclosed Property was acquired in foreclosure or by deed in lieu of foreclosure or otherwise, (ii) the date of
disposition of such Foreclosed Property, (iii) the gross sale price and related selling and other expenses, (iv) accrued
interest with respect to the outstanding principal balance of the Mortgage Loan, calculated from the date of acquisition to the
disposition date, and (v) such other information as the Companion Loan Holder(s), the Trustee or the Certificate Administrator
may reasonably request.

 

(g)           
The Servicer shall prepare and file on a timely basis the reports of foreclosures and abandonments of the Property required
by Section 6050J of the Code and the reports of discharges of indebtedness income in respect of the Mortgage Loan required
by Section 6050P of the Code.

 

3.16         
Sale of the Mortgage Loan. 

 

(a)            
(i) Within 60 days after the occurrence of a Special Servicing Loan Event, the Special Servicer shall use reasonable
efforts to order (but shall not be required to be received within that 60-day period) an Appraisal for the Property. The Servicer
shall promptly notify in writing the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor, the

 

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Companion
Loan Holder(s), any applicable Consenting Party and any applicable Consulting Party of the occurrence of such Special Servicing
Loan Event, and the Special Servicer shall, within the time period specified in any related mezzanine intercreditor agreement,
but in any event no later than five Business Days after receipt of such notice, notify any related mezzanine lender of the occurrence
of such Special Servicing Loan Event, which notice may result in the trigger of such mezzanine lender’s purchase option rights
under the related mezzanine intercreditor agreement. Upon receipt by the Special Servicer of the notice described in the preceding
sentence, subject to the right of any related mezzanine lender to purchase the Mortgage Loan pursuant to the related mezzanine
intercreditor agreement, if any, and provided that the Mortgage Loan is a Defaulted Mortgage Loan, the Special Servicer may offer
to sell to any Person the Mortgage Loan or the Special Servicer (or an affiliate thereof) may offer to purchase the Mortgage Loan,
if and when the Special Servicer determines, consistent with Accepted Servicing Practices, that no satisfactory arrangements can
be made for collection of delinquent payments thereon and such a sale would be in the best economic interests of the Trust and
the Companion Loan Holder(s) (as a collective whole, as if the Trust and the Companion Loan Holder(s) constituted a single lender)
on a net present value basis. The Special Servicer shall provide the Companion Loan Holder(s), the Trustee, the Certificate Administrator,
the Operating Advisor, any applicable Consenting Party and any applicable Consulting Party not less than five (5) Business
Days prior written notice of its intention to sell the Mortgage Loan, in which case the Special Servicer is required to accept
the highest cash offer received from any Person (other than any Interested Person) for the Mortgage Loan in an amount at least
equal to the Repurchase Price or, if it has received no offer at least equal to the Repurchase Price, the Special Servicer may,
at its option, purchase the Mortgage Loan at such Repurchase Price. Any Appraisal obtained pursuant to this Section 3.16
will be delivered by the Special Servicer to the Certificate Administrator and the Operating Advisor in electronic format, and
the Certificate Administrator shall make such Appraisal available to Non-Restricted Privileged Persons pursuant to Section 8.14(b)
and shall forward a copy thereof to the Trustee. The Companion Loan(s) shall be sold together with the Trust Loan, subject to this
Section 3.16 and any additional requirements set forth in the Co-Lender Agreement.

 

(ii)           
In the absence of any offer at least equal to the Repurchase Price (calculated based on the Mortgage Loan instead of the
Trust Loan) (or purchase by the Special Servicer for the Repurchase Price (calculated based on the Mortgage Loan instead of the
Trust Loan)), and provided that the Mortgage Loan is in default, the Special Servicer shall accept the highest cash offer received
from any Person that is determined by the Special Servicer to be a fair price for the Mortgage Loan, if the highest offeror is
a person other than the Depositor, the Servicer, the Certificate Administrator, the Special Servicer (or any of its affiliates),
the Operating Advisor, a holder of 50% or more of the Controlling Class, the Controlling Class Representative (or any of its Affiliates),
any Borrower Restricted Party, any Property Manager, any independent contractor engaged by the Special Servicer, a holder of any
related mezzanine loan, any Other Depositor, the master servicer, the special servicer (or any independent contractor engaged by
the special servicer) or the trustee for an Other Securitization Trust, any Companion Loan Holder or representative thereof (except
to the extent described below) or any known affiliate of any of them (any such person, an “Interested Person”).
The Trustee (based upon, among other things, the Appraisals ordered pursuant to the preceding paragraph (the cost of which
shall be paid by the Servicer as a Property Protection Advance) and copied or otherwise delivered to the Trustee) shall determine
if the highest cash offer is a fair price if the highest

 

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offeror is an Interested Person, and such determination shall be binding
upon all parties. Notwithstanding anything contained herein 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 Trust) designate
an independent third party expert in real estate or commercial mortgage loan matters with at least five (5) years’ experience
in valuing or investing in 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 a third party to make such determination,
the Trustee shall be entitled to rely conclusively upon such third party’s determination. The reasonable costs of all appraisals,
inspection reports and broker opinions of value incurred by any such third party pursuant to this paragraph and all reasonable
costs and fees of the Trustee in making such determination shall be reimbursable to it first, by the Servicer as an Advance, subject
to the Servicer’s or the Special Servicer’s determination that such amounts are not Nonrecoverable Advances, and then
from the Collection Account as an expense of the Trust. Neither the Trustee, in its individual capacity, nor any of its Affiliates
may make an offer for or purchase the Mortgage Loan.

 

(iii)            
The Special Servicer shall not be obligated to accept the highest offer if the Special Servicer determines, in accordance
with Accepted Servicing Practices, that the rejection of such offer would be in the best interests of the Certificateholders and
the Companion Loan Holder(s) (as a collective whole as if such Certificateholders and Companion Loan Holder(s) constituted a single
lender). In addition, the Special Servicer may accept a lower offer if it determines, in accordance with Accepted Servicing Practices,
that the acceptance of such offer would be in the best interests of the Certificateholders and the Companion Loan Holder(s) (as
a collective whole as if such Certificateholders and the Companion Loan Holder(s) constituted a single lender) (for example, if
the prospective buyer making the lower offer is more likely to perform its obligations, or the terms offered by the prospective
buyer making the lower offer are more favorable), provided that the offeror is not the Special Servicer or a Person that is an
Affiliate of the Special Servicer. The Special Servicer shall use reasonable efforts consistent with Accepted Servicing Practices
to sell the Mortgage Loan prior to the Rated Final Distribution Date.

 

(iv)            
Unless and until the Mortgage Loan is sold pursuant to this Section 3.16(a), the Special Servicer shall pursue
such other resolution strategies with respect to the Mortgage Loan, including, without limitation, work-out and foreclosure, as
the Special Servicer may deem appropriate, consistent with the Asset Status Report and Accepted Servicing Practices and the REMIC
Provisions.

 

(b)         
Any sale of the Mortgage Loan shall be subject to the consent rights of any applicable Consenting Party and the consultation
rights of any applicable Consulting Party set forth in Sections 9.3 and 9.5(f).

 

(c)          
The right of the Special Servicer to purchase or sell the Mortgage Loan after the occurrence of a Special Servicing Loan
Event shall terminate, and shall not be exercisable as set forth in clause (a) above (or if exercised but the purchase
of the Mortgage Loan has not yet occurred, the Special Servicer’s right shall terminate and such exercise shall be of no
further force

 

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or effect) if (1) the Mortgage Loan is no longer delinquent because: (i) the Special Servicing Loan Event
has ceased pursuant to the terms of this Agreement, (ii) the Mortgage Loan has become subject to a fully executed agreement
reflecting the terms of the work-out arrangement or (iii) the Mortgage Loan has otherwise been resolved (including by a full
or discounted pay-off) or (2) any related mezzanine lender has exercised its purchase option set forth in the related mezzanine
intercreditor agreement.

 

(d)          
Any sale of the Mortgage Loan shall be for cash only.

 

(e)          
Notwithstanding anything to the contrary herein, the Special Servicer shall not sell the Mortgage Loan pursuant to Section
3.16(a) without the written consent of each Companion Loan Holder as and to the extent required under the Co-Lender Agreement.
The Controlling Class Representative and each Companion Loan Holder (or its representative) will be permitted to make offers to
purchase, and either such party is permitted to be the purchaser at any sale of, the Mortgage Loan, unless such person is the Borrower
or an agent or an affiliate of the Borrower.

 

3.17         
Servicing Compensation. (a) The Servicer shall be
entitled to receive the Servicing Fee with respect to the Trust Loan, the Companion Loan(s) and any REO Trust Loan and REO Companion
Loan(s) payable monthly from the Collection Account or otherwise in accordance with and subject to Section 3.4(c).
The Servicer shall be entitled to retain as compensation any late payment charges (to the extent remaining after application pursuant
to Section 3.17(b)) and certain other customary charges and fees to the extent described below, as well as reimbursement
for all other costs or expenses incurred by it in performing its duties hereunder other than: (i) fees of any sub-servicer
and the expenses of any sub-servicer that would not be reimbursable to the Servicer if such expenses were incurred by the Servicer;
(ii) the cost of any fidelity bond or errors and omissions policy required by Section 3.11(d); (iii) overhead
expenses of the Servicer including but not limited to those which may properly be allocable under the Servicer’s accounting
system or otherwise to the Servicer’s activities under this Agreement or the income derived by it hereunder including the
costs to the Servicer associated with employees of the Servicer performing services in connection with the obligations of the Servicer
hereunder; and (iv) costs and expenses arising from the negligence, bad faith or willful misconduct of the Servicer (the “Servicer
Customary Expenses”). So long as no Special Servicing Loan Event has occurred and is continuing, the Servicer shall also
be entitled to retain as Additional Servicing Compensation, to the extent actually paid by the Borrower for such purpose, any late
payment fees (including any late payment fees collected after the occurrence of a Special Servicing Loan Event but accrued prior
to such Special Servicing Loan Event) (to the extent remaining after application pursuant to Section 3.17(b)), Default Interest
accrued prior to a Special Servicing Loan Event (to the extent remaining after application pursuant to Section 3.17(b)),
assumption fees, assumption application fees, release fees, Modification Fees, insufficient fund fees, Consent Fees, defeasance
fees, loan service transaction fees and similar fees and expenses to the extent, with respect to any such amounts, collected and
allocated to such amounts as permitted by (or not otherwise prohibited by) the terms of the Mortgage Loan Documents and this Agreement;
provided, that, in the absence of a Special Servicing Loan Event, if consent of the Special Servicer is required,
the Servicer and Special Servicer shall share the related fees, including assumption fees (but not including assumption application
fees), release fees, Modification Fees and Consent Fees, equally; provided, however, that the Servicer shall not
be entitled to apply or retain any Default Interest or any late

 

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payment charges with respect to the Mortgage Loan, if a default
thereunder or Mortgage Loan Event of Default is continuing, unless and until such default or Mortgage Loan Event of Default has
been cured and all delinquent amounts (including any Default Interest) due with respect to the Mortgage Loan have been paid, all
interest on Advances and Companion Loan Advances has been paid and all Trust Fund Expenses (including Special Servicing Fees, Work-out
Fees and Liquidation Fees) have been reimbursed. In addition, the Servicer shall be entitled to retain as additional compensation
any income earned (net of losses to the extent provided in this Agreement) on the investment of funds deposited in the Collection
Account, the Cash Management Account (to the extent not payable to the Borrower) and any Reserve Accounts (to the extent not payable
to the Borrower) to the extent provided for in this Agreement.

 

If a Special Servicing
Loan Event occurs and is continuing, the Special Servicer shall be entitled to receive a Special Servicing Fee with respect to
the Mortgage Loan or an REO Mortgage Loan for so long as such Special Servicing Loan Event continues as well as reimbursement for
all other costs or expenses incurred by it in performing its duties hereunder other than: (i) fees of any sub-servicer and
the expenses of any sub-servicer that would not be reimbursable to the Special Servicer if such expenses were incurred by the Special
Servicer; (ii) the cost of any fidelity bond or errors and omissions policy required by Section 3.11(d); (iii) overhead
expenses of the Special Servicer including but not limited to those which may properly be allocable under the Special Servicer’s
accounting system or otherwise to the Special Servicer’s activities under this Agreement or the income derived by it hereunder
including the costs to the Special Servicer associated with employees of the Special Servicer performing services in connection
with the obligations of the Special Servicer hereunder; and (iv) costs and expenses arising from the negligence, bad faith
or willful misconduct of the Special Servicer (the “Special Servicer Customary Expenses”). If a Special Servicing
Loan Event is terminated following resolution of such Special Servicing Loan Event by a written agreement with the Borrower negotiated
by the Special Servicer, the Special Servicer shall be entitled to receive the Work-out Fee on all payments of principal and interest
(other than Default Interest) made on the Mortgage Loan following such written agreement for so long as another Special Servicing
Loan Event does not occur.

 

If the Special Servicer
is terminated (other than for cause) or resigns after such written agreement is entered into with respect to the Specially Serviced
Mortgage Loan and before the Special Servicing Loan Event is terminated, the terminated or resigning Special Servicer shall retain
the right to receive any and all Work-out Fees on all payments of principal and interest (other than Default Interest) made on
the Mortgage Loan following such written agreement (negotiated by such Special Servicer prior to its termination or resignation)
for so long as another Special Servicing Loan Event does not occur and the successor Special Servicer shall have no rights with
respect to such Work-out Fee. No Work-out Fee shall be payable to the Special Servicer if any related mezzanine lender purchases
the Mortgage Loan pursuant to the related mezzanine intercreditor agreement or similar agreement or any Loan Seller repurchases
its Loan Seller Percentage Interest in the Trust Loan (or any allocable part thereof) or makes a Loss of Value Payment pursuant
to the related Trust Loan Purchase Agreement. However, a Liquidation Fee may be payable with respect to such events subject to
the provisions below.

 

In addition, the Special
Servicer shall be entitled to receive a Liquidation Fee with respect to the Liquidated Property or the liquidation of the Mortgage
Loan (including, without limitation, all or any portion thereof that constitutes an REO Mortgage Loan), whether through

 

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judicial
foreclosure, sale or otherwise, or in connection with the sale, discounted pay-off or other liquidation of the Mortgage Loan or
any Foreclosed Property, as to which the Special Servicer receives Liquidation Proceeds, Insurance Proceeds and Condemnation Proceeds;
and provided, further, that no Liquidation Fee shall be payable in connection with the circumstances described in
clauses (i) through (v) of the definition of “Liquidation Fee.” The Liquidation Fee shall be
payable from, and shall be calculated using the related Net Liquidation Proceeds, Insurance Proceeds and Condemnation Proceeds.

 

Each of the foregoing
fees shall be payable from funds on deposit in the Collection Account as provided in Section  3.4(a).

 

During the continuance
of a Special Servicing Loan Event, the Special Servicer shall also be entitled to retain as Additional Servicing Compensation,
to the extent actually paid by the Borrower for such purpose, any late payment fees (to the extent remaining after application
pursuant to Section 3.17(b)), Default Interest accrued upon and after such Special Servicing Loan Event (to the extent remaining
after application pursuant to Section 3.17(b)), assumption fees, assumption application fees, Consent Fees, release fees,
Modification Fees, loan service transaction fees and similar fees and expenses to the extent, with respect to any such amounts,
collected (to the extent permitted by (or not otherwise prohibited by) and allocated to such amounts in accordance with the terms
of the Mortgage Loan Documents or this Agreement, and any income earned (net of losses to the extent provided in this Agreement)
on the investment of funds deposited in the Foreclosed Property Account to the extent provided in this Agreement and if the Special
Servicer’s consent is required on any action related to the Mortgage Loan prior to a Special Servicing Loan Event, then the
Servicer and the Special Servicer will equally share the related fees, including assumption fees (but not assumption application
fees), release fees, Modification Fees and Consent Fees.

 

Notwithstanding anything
herein to the contrary, with respect to any amount collected in a Collection Period, the Special Servicer shall only be entitled
to receive a Work-out Fee or a Liquidation Fee, but not both. Further notwithstanding anything herein to the contrary, all Liquidation
Fees and Work-out Fees payable with respect to the Mortgage Loan or the Property shall be offset by any Modification Fees collected
or earned by the Special Servicer with respect to the Mortgage Loan in connection with any modification, restructure, extension,
waiver, amendment or work-out of the Mortgage Loan, but only to the extent those fees have not previously been deducted from a
Work-out Fee or Liquidation Fee.

 

If the Special Servicer
is terminated without cause, and it commenced the process of liquidation of the Property or Foreclosed Property or the liquidation
of the Mortgage Loan (including, without limitation, all or any portion thereof that constitutes an REO Loan), the Special Servicer
will receive a portion of any Liquidation Fee that becomes payable with respect to the Mortgage Loan or the Property or Foreclosed
Property that was being administered by the Special Servicer at the time of such termination. The terminated Special Servicer and
the successor Special Servicer shall apportion the Liquidation Fee between themselves in a manner that reflects their relative
contributions in earning the Liquidation Fee, provided, that if the terminated Special Servicer and the successor
Special Servicer cannot agree on an apportionment of the Liquidation Fee, the Liquidation Fee will be apportioned on the basis
of the number of months the terminated Special Servicer and the successor Special Servicer administered the Mortgage Loan over
a period

 

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commencing on the date of the Special Servicing Loan Event and ending on the date of the final liquidation of the Mortgage
Loan or the Property or Foreclosed Property.

 

For the avoidance of
doubt, with respect to any of the foregoing fees that constitutes Additional Servicing Compensation and is required to be shared
between the Servicer and the Special Servicer pursuant to the terms of this Agreement, the Servicer and the Special Servicer shall
each have the right in their sole discretion, but not any obligation, to reduce or elect not to charge its respective portion of
such fee; provided that (without the consent of the affected party) (A) neither the Servicer nor the Special Servicer
shall have the right to reduce or elect not to charge the portion of any such fee due to the other and (B) to the extent either
the Servicer or the Special Servicer exercises its right to reduce or elect not to charge its respective portion in any such fee,
the party that reduced or elected not to charge its respective portion of such fee shall not have any right to share in any part
of the other party’s portion of such fee. If the Servicer decides not to charge any fee, the Special Servicer shall nevertheless
be entitled to charge its portion of the related fee to which the Special Servicer would have been entitled if the Servicer had
charged a fee and the Servicer shall not be entitled to any of such fee charged by the Special Servicer. The foregoing provisions
of this paragraph shall only apply to the Mortgage Loan so long as it is not a Specially Serviced Mortgage Loan and, subject to
the other terms of this Agreement, shall not prohibit any waiver or reduction by the Special Servicer of any fee payable by the
Borrower with respect to the Specially Serviced Mortgage Loan.

 

The Servicer and the
Special Servicer shall use efforts consistent with Accepted Servicing Practices to collect from the Borrower the amount of any
fees and other expenses payable by the Borrower under the Mortgage Loan Documents, including, without limitation, Borrower Reimbursable
Trust Fund Expenses, including exercising all remedies available under the Mortgage Loan Documents that would be in accordance
with Accepted Servicing Practices.

 

Notwithstanding any other
provision in this Agreement, neither the Servicer nor the Special Servicer, as applicable, shall be entitled to reimbursement for
an expense incurred under this Agreement or in connection with the performance of its duties hereunder unless (i) the amount
of such payment to the Servicer or the Special Servicer, as the case may be, is reimbursed to the Trust by the Borrower Parties
(to the extent the Borrower Parties are required to do so under the Mortgage Loan Agreement); (ii) failure of the Borrower
Parties to reimburse for such payment constitutes a Mortgage Loan Event of Default; (iii) such expense would qualify as an
“unanticipated expense incurred by the REMIC” within the meaning of Treasury Regulations Section 1.860G-1(b)(3)(ii)
or is otherwise an unanticipated expense (it being understood that the Servicer Customary Expenses and the Special Servicer Customary
Expenses are not unanticipated); or (iv) such reimbursement is expressly provided for herein or such expense is expressly
described herein as an expense of the Trust or as an Advance.

 

Except as otherwise expressly
provided herein, no transfer, sale, pledge or other disposition of the Servicer’s right to receive all or any portion of
the servicing compensation (or the Special Servicer’s right to receive all or any portion of the Special Servicing Fee) or
the Servicer’s rights to other servicing compensation provided for herein shall be made, and any such attempted transfer,
sale, pledge or other disposition shall be void, unless such transfer is made to a successor Servicer or successor Special Servicer,
as applicable, in connection with the assumption by such successor of the duties hereunder pursuant to Section 7.2.

 

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The Special Servicer
and its Affiliates shall be prohibited from receiving or retaining any compensation or any other remuneration (including, without
limitation, in the form of commissions, brokerage fees, rebates, or as a result of any other fee sharing arrangement) from any
Person (including, without limitation, the Trust, the Borrower, the Property Manager or the Borrower Sponsors in respect of the
Trust Loan or the Companion Loan(s) and any purchaser of the Trust Loan, any Companion Loan or any Foreclosed Property) in connection
with the disposition, work-out or foreclosure of the Mortgage Loan, the management or disposition of any Foreclosed Property or
the performance of any other special servicing duties under this Agreement, other than as expressly provided in this Section 3.17;
provided that such prohibition will not apply to the Permitted Special Servicer/Affiliate Fees.

 

(b)             In
determining the compensation of the Servicer or the Special Servicer, as applicable, with respect to Default Interest and late
payment charges, on any Distribution Date, the aggregate Default Interest and late payment charges actually collected on the Mortgage
Loan during the related Collection Period shall be applied (in such order), subject to the Co-Lender Agreement, to reimburse (i)
the Servicer and the Trustee for all Advances made by each and not previously reimbursed from late payments received during the
applicable period on the Mortgage Loan, Liquidation Proceeds, Condemnation Proceeds (to the extent not needed for the repair or
restoration of the Property), Insurance Proceeds (to the extent not needed for the repair or restoration of the Property) and other
collections on the Mortgage Loan, (ii) the Servicer and the Trustee for unpaid interest on such Advances at the Advance Interest
Rate, and any Other Securitization Trust for any interest on Companion Loan Advances in accordance with the related Other Pooling
and Servicing Agreement, (iii) any Other Securitization Trust for any Companion Loan Advances made in accordance with the related
Other Pooling and Servicing Agreement and not previously reimbursed from late payments received during the applicable period on
the Mortgage Loan, liquidation proceeds, insurance and condemnation proceeds (to the extent not needed for the repair or restoration
of the Property), and other collections on the Mortgage Loan, and (iv) the Trust for all other Trust Fund Expenses (including
Special Servicing Fees, Work-out Fees and Liquidation Fees). Default Interest and late payment charges remaining after such reimbursements
shall be distributed to the Servicer, if and to the extent accrued on the Mortgage Loan for so long as no Special Servicing Loan
Event is continuing, and to the Special Servicer, if and to the extent accrued on the Mortgage Loan during a Special Servicing
Loan Event. Any Default Interest or late payment charges paid or payable as Additional Servicing Compensation to the Servicer and
the Special Servicer shall be distributed between the Servicer and the Special Servicer, on a pro rata basis, based on the
Servicer’s and the Special Servicer’s respective entitlements to such compensation described in the previous sentence.

 

3.18         
Reports to the Certificate Administrator; Account Statements.
(a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, in an electronic format
reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 3:00 p.m.
(New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update
File and (ii) 2:00 p.m. (New York time) on the Remittance Date, the remaining CREFC® Reports (except the
CREFC® Loan Setup File, CREFC® Bond Level File, the CREFC® Collateral Summary File,
the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC®
Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation
of its CREFC® Reports, the Servicer shall provide the Certificate Administrator with

 

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the CREFC® Licensing
Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Distribution Date
for inclusion in the Distribution Date Statement.

 

The
Servicer shall provide the CREFC® Loan Setup File to the Certificate Administrator no later than 4:00 p.m.
on the fourth Business Day before the first Distribution Date.

 

The CREFC®
Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared by the Servicer (with
respect to a Performing Mortgage Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed
Property) and provided or made available by the Special Servicer to the Servicer (in the case of any CREFC® Operating
Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan
or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer (to the extent prepared by and
received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC®
NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on the Servicer’s Internet
website (www.key.com/key2cre), on a quarterly and annual basis (commencing with the quarter ending June 30, 2022 and year ending
December 31, 2022, each within 60 days after receipt by the Servicer or the Special Servicer, as applicable), within 60 days
after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls,
or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis
Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate
Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC®
Operating Statement Analysis Report only, any analysis or report with respect to the first calendar quarter of each year shall
not be required to the extent provided in the then current applicable CREFC® guidelines.

 

The Servicer shall furnish
to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement
not later than the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn,
deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information
Provider’s Website pursuant to Section 8.14(b)).

 

(b)           
The Servicer shall produce the reports described in this Section 3.18 solely from information provided to the
Servicer by the Borrower Related Parties pursuant to the Mortgage Loan Agreement (without modification, interpretation or analysis)
or by the Special Servicer, Loan Sellers or Depositor pursuant to this Agreement. None of the Servicer, the Special Servicer, the
Trustee or the Certificate Administrator shall be responsible for the completeness or accuracy of the information provided by any
other Person (except that the Servicer shall use efforts consistent with Accepted Servicing Practices to correct patent errors).

 

(c)            
The Servicer and the Special Servicer shall each provide to the Certificate Administrator (and, if the Special Servicer
is the providing party, to the Servicer) (and the Servicer and the Certificate Administrator shall make available through the Servicer’s
Website in accordance with Section 8.14(c) and the Certificate Administrator’s Website in accordance with Section
8.14(b), respectively) electronic copies of any and all financial information (including, without limitation, rent rolls, financial
statements, financial reports, operating statements, balance

 

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sheets, statements of cash flow, profit and loss statements and operating
budgets) and other periodic Property reports it receives from the Borrower pursuant to the Mortgage Loan Agreement, in each case
in a format reasonably acceptable to the recipient and provider of the information and within a reasonable period of time after
so received and only to the extent so received.

 

(d)           
The Servicer or Special Servicer, as applicable, shall deliver to each Companion Loan Holder all reports and other information
that it is delivering to the Certificate Administrator pursuant to this Section 3.18, with each such delivery to be made
concurrently with the corresponding delivery to the Certificate Administrator (but, in the case of the CREFC® Reports
referenced in the first paragraph of Section 3.18(a), no later than the Remittance Date for the applicable Companion Loan).

 

(e)            
With respect to each Collection Period, the Special Servicer shall deliver or cause to be delivered to the Certificate Administrator,
without charge and within two (2) Business Days following the related Determination Date, an electronic report that discloses and
contains an itemized listing of any Disclosable Special Servicer Fees received by the Special Servicer or any of its Affiliates
during the related Collection Period; provided, that no such report shall be due in any month during which no Disclosable
Special Servicer Fees were received.

 

3.19         
Annual Statement as to Compliance. On or before March 1
of each year, commencing in 2023, the Servicer and the Special Servicer, each at its own expense, shall furnish (and each such
party shall with respect to each Servicing Function Participant with which it has entered into a servicing relationship with respect
to the Mortgage Loan, cause such Servicing Function Participant to furnish) to the Trustee, the 17g-5 Information Provider
(who shall post it to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)), the Depositor, the
Operating Advisor and Certificate Administrator (who shall post it to the Certificate Administrator’s Website pursuant to
Section 8.14(b)) (in each case in an electronic format reasonably acceptable to such person) a report on an assessment
of compliance with the Applicable Servicing Criteria that contains (A) a statement by such Reporting Servicer of its responsibility
for assessing compliance with the Applicable Servicing Criteria, (B) a statement that, to the best of such Reporting Servicer’s
knowledge, such Reporting Servicer used the Servicing Criteria to assess compliance with the Applicable Servicing Criteria, (C) such
Reporting Servicer’s assessment of compliance with the Applicable Servicing Criteria as of and for the period ending the
end of the most recent fiscal year, including, if there has been any material instance of noncompliance with the Applicable Servicing
Criteria, a discussion of each such failure and the nature and status thereof and (D) a statement that a registered public
accounting firm that is a member of the American Institute of Certified Public Accountants has issued an attestation report on
such Reporting Servicer’s assessment of compliance with the Applicable Servicing Criteria as of and for such period. Copies
of all compliance reports delivered pursuant to this Section 3.19 shall be made available to any Non-Restricted Privileged
Person by the Certificate Administrator by posting such Compliance Report to the Certificate Administrator’s Website pursuant
to Section 8.14(b). For the avoidance of doubt, neither the Trustee nor the Certificate Administrator shall have any
obligation or duty to determine whether any such report on assessment of compliance is in form and substance in compliance with
the requirements of Regulation AB.

 

No later than 30 days
after the end of each fiscal year for the Trust, the Servicer and the Special Servicer shall notify the Certificate Administrator,
the Operating Advisor and the

 

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Depositor as to the name of each Servicing Function Participant utilized by it, in each case, and
each such notice shall specify what specific Servicing Criteria shall be addressed in the report on assessment of compliance prepared
by such Servicing Function Participant. When the Servicer and the Special Servicer submit their assessments to the Certificate
Administrator, such parties, as applicable, shall also at such time include the assessment (and related attestation pursuant to
Section 3.20) of each Servicing Function Participant engaged by it.

 

In the event the Servicer
or the Special Servicer is terminated or resigns pursuant to the terms of this Agreement, such party shall provide, and each such
party shall cause any Servicing Function Participant engaged by it to provide (and the Servicer and the Special Servicer shall,
with respect to any Servicing Function Participant that resigns or is terminated under any applicable servicing agreement, cause
such Servicing Function Participant to provide) an annual assessment of compliance pursuant to this Section 3.19, coupled
with an attestation as required in Section 3.20 in respect to the period of time that the Servicer or the Special Servicer
was subject to this Agreement or the period of time that the Servicing Function Participant was subject to such other servicing
agreement.

 

On or before March
1 of each year, commencing in 2023, each of the Servicer and the Special Servicer, each at its own expense, shall furnish
(and each party shall with respect to each Servicing Function Participant with which it has entered into a servicing relationship
with respect to the Mortgage Loan (to the extent the same would have been required by Item 1108(a)(2)(i)-(iii) of Regulation AB
if the Trust and the securitization transaction contemplated by this Agreement were required to comply with Regulation AB),
cause such Servicing Function Participant to furnish) to the Trustee, the 17g-5 Information Provider (who shall post it to the
17g-5 Information Provider’s Website pursuant to Section 8.14(b)), the Certificate Administrator (who shall post
it to the Certificate Administrator’s Website pursuant to Section 8.14(b)), the Operating Advisor and the Depositor
(in each case in electronic format reasonably acceptable to such Person), an Officer’s Certificate stating, as to the signer
thereof, that (A) a review of such Person’s activities during the preceding calendar year or portion thereof and of
such Person’s performance under this Agreement, or the applicable sub-servicing agreement, has been made under such officer’s
supervision and (B) to the best of such officer’s knowledge, based on such review, such Person has fulfilled all its
obligations under this Agreement, or the applicable sub-servicing agreement, in all material respects throughout such calendar
year or portion thereof, or, if there has been a failure to fulfill any such obligation in any material respect, specifying each
such failure known to such officer and the nature and status thereof. The obligations of each Person under this Section apply
to each such Person that serviced the Mortgage Loan during the applicable period, whether or not the Person is acting in such capacity
at the time such Officer’s Certificate is required to be delivered. Copies of all Officer’s Certificates delivered
pursuant to this Section 3.19 shall be made available to any Non-Restricted Privileged Person by the Certificate Administrator
posting such Compliance Report to the Certificate Administrator’s Website pursuant to Section 8.14(b). For the
avoidance of doubt, neither the Trustee nor the Certificate Administrator shall have any obligation or duty to determine whether
any such report on assessment of compliance is in form and substance in compliance with the requirements of Regulation AB.

 

3.20         
Annual Independent Public Accountants’ Servicing Report.
On or before March 1 of each year, commencing in 2023, the Servicer and the Special Servicer, each at its own

 

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expense, shall cause
(and the Servicer and the Special Servicer shall, with respect to each Servicing Function Participant with which it has entered
into a servicing relationship with respect to the Mortgage Loan, cause them to cause) a registered public accounting firm
(which may also render other services to the Servicer, the Special Servicer or the applicable Servicing Function Participant, as
the case may be) and that is a member of the American Institute of Certified Public Accountants to furnish a report to the Depositor,
the Trustee, the Certificate Administrator (who shall post it to the Certificate Administrator’s Website pursuant to Section 8.14(b)),
the Operating Advisor and the 17g-5 Information Provider (who shall post it to the 17g-5 Information Provider’s Website pursuant
to Section 8.14(b)) (in each case in electronic format reasonably acceptable to such Person), to the effect that (i) it
has obtained a representation regarding certain matters from the management of such Reporting Servicer, which includes an assessment
from such Reporting Servicer of its compliance with the Applicable Servicing Criteria and (ii) on the basis of an examination
conducted by such firm in accordance with standards for attestation engagements issued or adopted by the Public Company Accounting
Oversight Board, it is expressing an opinion as to whether such Reporting Servicer’s assessment of compliance with the Servicing
Criteria was fairly stated in all material respects, or it cannot express an overall opinion regarding such party’s assessment
of compliance with the Applicable Servicing Criteria. In the event that an overall opinion cannot be expressed, such registered
public accounting firm shall state in such report why it was unable to express such an opinion. Each accountant’s attestation
report required hereunder shall be made in accordance with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X under the Act
and the Exchange Act. Such report shall be available for general use and not contain restricted use language. Copies of all statements
delivered pursuant to this Section 3.20 shall be made available to any Non-Restricted Privileged Person by the Certificate
Administrator posting such statement to the Certificate Administrator’s Website pursuant to Section 8.14(b).

 

3.21         
Access to Certain Documentation Regarding the Mortgage Loan and Other Information. (a)
The Certificate Administrator shall make or cause to be made available at its applicable Corporate Trust Office, or at the office
of a Custodian, upon reasonable advance notice and during normal business hours, for review by Non-Restricted Privileged Persons
(or, solely in the case of the Distribution Date Statement, all Privileged Persons), originals or copies of, among other things,
the following items, to the extent provided to and in the possession of the Certificate Administrator or the Trustee (or
a Custodian on its behalf), as applicable (except to the extent not permitted by applicable law or under any of the Mortgage Loan
Documents), (i) this Agreement, each sub-servicing agreement delivered to the Certificate Administrator after the Closing
Date, the Trust Loan Purchase Agreements and any amendments and exhibits thereto, (ii) all Distribution Date Statements prepared
by, and all CREFC® Reports prepared by or delivered to, the Certificate Administrator, as applicable, (iii) all
annual officers’ certificates and accountant’s reports required to be delivered by the Borrower to the Servicer and
by the Servicer to the Special Servicer, the Trustee and the Certificate Administrator since the Closing Date regarding compliance
with the relevant agreements, (iv) the most recent property inspection report prepared by or on behalf of the Servicer or
Special Servicer, as applicable, in respect of the Property, (v) the most recent operating statements, if any, collected by
or on behalf of the Servicer with respect to the Property, (vi) the Mortgage Loan Documents and any and all modifications,
waivers or amendments of the terms of any of the Mortgage Loan Documents entered into by the Servicer or Special Servicer, as applicable,
and delivered to the Certificate Administrator (or a Custodian on its behalf), (vii) any and all Officer’s Certificates
and other evidence delivered to the Trustee and the Certificate Administrator to support the determination of the Servicer, the
Special Servicer or the Trustee, as

 

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applicable, that any Advance was, or if made would be, a Nonrecoverable Advance, (viii) the
reports to be furnished by the Borrower, (ix) any and all notices and reports delivered to the Certificate Administrator with
respect to the Property as to which the environmental testing revealed environmental issues, (x) the summary of any Final
Asset Status Report delivered to the Certificate Administrator, (xi) the annual, quarterly and monthly operating statements,
if any collected by or on behalf of the Servicer or the Special Servicer, as applicable, and delivered to the Certificate Administrator
for the Property, (xii) notices of all Servicer or Special Servicer terminations or resignations (and appointments of successors
to the Servicer or the Special Servicer), and (xiii) the Offering Circular. Copies of any and all of the foregoing items shall
be available (i) on the Certificate Administrator’s Website or (ii) to the extent not available at the Certificate
Administrator’s Website or otherwise made available electronically, at the Corporate Trust Office of the Certificate Administrator
or at the offices of the Custodian, as applicable, upon written request; provided, however, the Certificate Administrator
or the Custodian, as applicable, shall be permitted to require payment of a sum sufficient to cover reasonable costs and expenses
of providing such copies.

 

(b)           Certain information concerning the Mortgage Loan and the Certificates (such as the Distribution Date Statements and the
CREFC® Reports) shall be provided by the Certificate Administrator to third parties (including, but not limited
to, Bloomberg, L.P., BlackRock Financial Management, Inc., CMBS.com, Inc., Intex Solutions, Inc., Markit Group Limited, Trepp,
LLC, KBRA Analytics, LLC and Moody’s Analytics, Inc.) with the consent of the Depositor and providing such information shall
not constitute a breach of this Agreement by the Certificate Administrator. The Depositor hereby consents to such provision of
information by the Certificate Administrator.

 

(c)           Upon request of the Depositor or the Rating Agencies, the 17g-5 Information Provider shall post on the 17g-5 Information
Provider’s Website any additional information requested by the Depositor or the Rating Agencies to the extent such information
is delivered to the 17g-5 Information Provider electronically in a format acceptable to the 17g-5 Information Provider in accordance
with Section 8.14(b). In no event shall the 17g-5 Information Provider disclose on the 17g-5 Information Provider’s
Website which Rating Agency requested such additional information.

 

3.22         Inspections. The Servicer shall inspect or cause to be inspected
the Property not less frequently than once each year commencing in 2023, so long as a Special Servicing Loan Event is not then
continuing. The Special Servicer shall inspect or cause to be inspected the Property as soon as practicable following the occurrence
of a Special Servicing Loan Event and annually for so long as a Special Servicing Loan Event is continuing. The Servicer
or the Special Servicer, as applicable, shall further inspect, or cause to be inspected, the Property whenever it receives information
that the Property has been materially damaged, left vacant, or abandoned, or if waste is being committed thereto. All such inspections
shall be performed in such manner as shall be consistent with Accepted Servicing Practices. The cost of the annual inspections
referred to in the first sentence of this paragraph performed by the Servicer shall be an expense of the Servicer. The cost
of all additional inspections performed by the Servicer and all inspections, including any annual inspection, performed by the
Special Servicer, shall be paid by the Servicer as a Property Protection Advance or an Administrative Advance unless it would constitute
a Nonrecoverable Advance (and, in such case, as an expense of the Trust). The Servicer or the

 

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Special Servicer, as the case may
be, shall prepare a written report of inspection and deliver it to the Certificate Administrator in electronic format reasonably
acceptable to the Certificate Administrator and to the Companion Loan Holder(s) in electronic format reasonably acceptable to the
Companion Loan Holder(s). The Certificate Administrator shall post such report on the Certificate Administrator’s Website
pursuant to Section 8.14(b).

 

3.23         
Advances. (a) In the event that all or any portion of a
Monthly Interest Payment (or an Assumed Monthly Interest Payment,
as applicable) representing interest due or deemed due on the Trust Loan (including, without limitation, all or any portion
thereof that constitutes an REO Trust Loan) during any calendar month has not been received by the close of business on the Determination
Date in such calendar month, then the Servicer, subject to its or the Special Servicer’s determination that such amounts
(together with interest thereon at the Advance Interest Rate compounded annually) are not Nonrecoverable Advances, shall on the
Remittance Date in such calendar month make an advance for remittance to the Certificate Administrator for deposit into the Distribution
Account, in an amount equal to all or such portion of such Monthly Interest Payment (or Assumed Monthly Interest Payment, as applicable)
(in each case other than the principal portion of the Balloon Payment and Default Interest, and net of the Servicing Fee which
shall not be paid to the Servicer until funds are available in the Collection Account for payment of such fee) due or deemed due
on the Trust Loan that was delinquent as of the close of business on the Determination Date in such calendar month; provided,
that neither the Servicer nor any other party shall be entitled to interest accrued on the amount of any Monthly Interest
Payment Advance with respect to the Trust Loan if the related Monthly Interest Payment (or, if applicable, the Assumed Monthly
Interest Payment) in respect of the Trust Loan is received by the Servicer or the Certificate Administrator, as applicable, by
2:00 p.m. (New York time) on the Remittance Date on which the Monthly Interest Payment Advance is to be made. The Servicer
shall advance in respect of each Payment Date (or Assumed Payment Date) following a delinquency in the payment of the Balloon Payment
of the Trust Loan or foreclosure (or acceptance of a deed-in-lieu of foreclosure or comparable conversion) of the Trust Loan not
later than the related Remittance Date, to the Certificate Administrator for deposit in the Distribution Account, the amount of
any Assumed Monthly Interest Payment deemed due with respect to the Trust Loan on such Payment Date (or Assumed Payment Date) (excluding
the principal portion of the Balloon Payment and Default Interest). For the avoidance of doubt, in the event that the amount of
interest on the Trust Loan is reduced as a result of any modification to the Trust Loan, any Monthly Interest Payment Advance made
with respect to such modified Trust Loan shall be in such amounts as may be required as a result of such reduction. The Servicer
shall maintain a record of each Monthly Interest Payment Advance it has made pursuant to this Section  3.23(a) on the
Trust Loan and shall notify the Certificate Administrator thereof in the appropriate CREFC® Reports in order to
permit allocation thereof pursuant to Section 3.4 and Section 3.5. In the event that the Servicer does
not remit any amounts required to be remitted to the Certificate Administrator on each Remittance Date (including any amounts required
to be remitted pursuant to Section 3.5 and any required Monthly Interest Payment Advance) to the Certificate Administrator
for deposit in the Distribution Account on the Remittance Date, the Servicer shall pay to the Certificate Administrator interest
on such amounts at the federal funds rate for the period from and including the Remittance Date to but excluding the Distribution
Date or, if earlier, the actual remittance date. The Servicer shall have no obligation to make any Monthly Interest Payment Advance
for any Companion Loan.

 

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At any time that an Appraisal
Reduction Amount exists, the amount that would otherwise be required to be advanced by the Servicer in respect of delinquent payments
of interest on the Trust Loan shall be reduced by multiplying such amount to be advanced by a fraction, the numerator of which
is the then outstanding principal balance of the Trust Loan minus the portion of the Appraisal Reduction Amount allocable to the
Trust Loan, and the denominator of which is the then outstanding principal balance of the Trust Loan.

 

The Certificate Administrator
shall notify the Servicer and the Trustee by telephone and electronically if as of 3:00 p.m., New York City time, on the Remittance
Date, if the Certificate Administrator has not received the amount of a Monthly Interest Payment Advance required pursuant to this
Section  3.23(a). In addition, the Certificate Administrator shall notify the Trustee by telephone and electronically
if as of 11:00 a.m., New York City time, on any Distribution Date if the Servicer has not made the Monthly Interest Payment Advance
required to have been made on the related Remittance Date pursuant to this Section  3.23(a).

 

Notwithstanding the foregoing
provisions of this Section  3.23(a) or any other contrary provisions of this Agreement, any portion of a Monthly Interest
Payment Advance intended to cover the CREFC® Licensing Fee shall be advanced directly to CREFC® on
the applicable Remittance Date.

 

If the Servicer and the
Trustee do not make a Property Protection Advance because it would be a Nonrecoverable Advance, then the Servicer may, but is not
required to, pay such amounts from the Collection Account as Trust Fund Expenses if consistent with Accepted Servicing Practices
and, if the Servicer does not pay such amounts, the Special Servicer shall have no obligation to advance funds from its own funds
to pay such Property Protection Advance or to perform the action requiring such Property Protection Advance.

 

(b)       
Subject to Section 3.23(e), the Servicer shall advance, regarding the Mortgage Loan for the benefit of the Certificateholders
and the Companion Loan Holder(s), to the extent such amount is not determined to be nonrecoverable (and the Special Servicer has
not determined that such Advance would be a Nonrecoverable Advance), all customary and reasonable out-of-pocket costs and expenses
incurred by the Servicer or the Special Servicer in the performance of its servicing obligations, including, but not limited, to
the costs and expenses incurred in connection with (i) the preservation, restoration, operation and protection of the Property
which, in the Servicer’s sole discretion, exercised in accordance with Accepted Servicing Practices, are necessary to prevent
an immediate or material loss to the Trust’s and the Companion Loan Holder(s)’ interest in the Property, (ii) the
payment of (A) real estate taxes, assessments, and governmental charges that may be levied or assessed against any Borrower
Related Party or any of its affiliates or the Property or revenues therefrom or which become liens on the Property, (B) ground
lease rents and other amounts required to be paid under ground leases, (C) Insurance Premiums and (D) the out-of-pocket
costs and expenses of the Servicer or the Special Servicer, as applicable (including, without limitation, reasonable attorneys’
fees and expenses) to the extent not paid by or on behalf of the Borrower that are incurred in connection with certain Borrower
requests pursuant to the Mortgage Loan Agreement, including regarding assumption of the Mortgage Loan or a release of any portion
of the Property from the lien of the Mortgage, (iii) any enforcement or judicial proceedings, including foreclosures and including,
but not limited to, court costs, reasonable attorneys’ fees and expenses and costs for third party experts, including

 

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Independent
Appraisers, environmental and engineering consultants, (iv) the out-of-pocket costs and expenses of the Special Servicer with
respect to annual inspections of the Property and (v) the management, operation and liquidation of the Property if the Property
is acquired by the Special Servicer or its affiliate in the name of the Trustee (collectively, “Property Protection Advances”).
In addition, subject to Section 3.23(e), the Servicer shall make certain administrative advances (collectively, “Administrative
Advances”) with respect to the Trust Loan for the benefit of the Certificateholders, to the extent that (i) the
party required to make such advances determines that such advances are not nonrecoverable from collections on the Trust Loan (provided
that the Special Servicer has not determined that such Advance would be a Nonrecoverable Advance), (ii) the items for which
such advances are made would not otherwise be advanced by the Servicer as a Property Protection Advance pursuant to this Section
3.23(b), and (iii) the items for which such advances are to be made constitute unpaid Borrower Reimbursable Trust Fund
Expenses (other than indemnification payments). For the avoidance of doubt, notwithstanding any other provision herein, the Servicer
shall not be obligated to make any Administrative Advance or Property Protection Advance that it determines (and shall not be permitted
to make any Administrative Advance or Property Protection Advance that the Special Servicer determines), together with interest
thereon at the Advance Interest Rate compounded annually, would constitute a Nonrecoverable Advance if made. During the continuation
of a Special Servicing Loan Event, the Special Servicer shall give the Servicer and the Trustee not less than five (5) Business
Days’ written notice before the date on which the Servicer is requested to make any Property Protection Advance or Administrative
Advance with respect to the Mortgage Loan, the Trust Loan or any Foreclosed Property, as applicable; provided, however,
that only three (3) Business Days’ written notice shall be required in respect of Property Protection Advances required to
be made on an urgent or emergency basis (which may include, without limitation, Property Protection Advances required to make tax
or insurance payments). In addition, the Special Servicer shall provide the Servicer with such information in its possession as
the Servicer may reasonably request to enable the Servicer to determine whether a requested Property Protection Advance or Administrative
Advance, as the case may be, would constitute a Nonrecoverable Advance. Subject to Section 6.3, notwithstanding anything
herein to the contrary, if the Special Servicer requests that the Servicer make an Advance, the Servicer may conclusively rely
on such request as evidence that such advance is not a Nonrecoverable Advance. The Servicer shall notify the Trustee in writing
promptly upon, and in any event within one Business Day after, becoming aware that it will be unable to make any Property Protection
Advance or Administrative Advance required to be made pursuant to the terms hereof, and in connection therewith, shall set forth
in such notice the amount of such Advance, the Person to whom it will be paid, and the circumstances and purpose of such Advance,
and shall set forth therein information and instructions for the payment of such Advance. If the Servicer and the Trustee do not
make a Property Protection Advance because it would be a Nonrecoverable Advance, then the Servicer may, but is not required to,
pay such amounts from the Collection Account as Trust Fund Expenses if consistent with Accepted Servicing Practices and, if the
Servicer does not pay such amounts, the Special Servicer shall have no obligation to advance funds from its own funds to pay such
Property Protection Advance or to perform the action requiring such Property Protection Advance.

 

(c)        
To the extent the Servicer fails to make an Advance that it is required to make under this Agreement and upon knowledge
of a Responsible Officer of the Trustee, the Trustee shall be required to make such Advance pursuant to Section 7.6.
It is understood that the obligation of the Servicer and the Trustee (pursuant to Section 7.6) to make such Advances
is

 

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mandatory, subject to the limitations set forth in this Agreement, and shall continue to apply after any modification or amendment
of the Mortgage Loan pursuant to Section 3.24 hereof, beyond the Maturity Date of the Mortgage Loan if a payment default
shall have occurred on such date and through any court appointed stay period or similar payment delay resulting from any insolvency
of any Borrower Related Party or related bankruptcy, notwithstanding any other provision of this Agreement, other than the requirement
of recoverability, and shall continue, subject to the requirement of recoverability, until the earlier of (i) the payment
in full of all the Mortgage Loan and (ii) the date on which the Property becomes liquidated.

 

(d)           
Subject to the proviso to the first sentence of Section  3.23(a), interest on each Advance made by the Servicer
or the Trustee shall accrue for each day that such Advance is outstanding at a rate of interest equal to the Advance Interest Rate
for each such day (or the most recent day on which the Advance Interest Rate was reported, if not reported on such day) on the
basis of a year of 360-days and the actual number of days elapsed in a month. Interest on the Advances, if unreimbursed, shall
compound annually.

 

(e)            
Notwithstanding any other provision in this Agreement, the Servicer or the Trustee, as applicable, shall be obligated to
make an Advance only to the extent that the Servicer or the Special Servicer (each in accordance with Accepted Servicing Practices)
or the Trustee (based on reasonable business judgment), as applicable, has not determined that such Advance, together with interest
thereon at the Advance Interest Rate compounded annually, would constitute a Nonrecoverable Advance if made, and each of the Servicer
and the Trustee may conclusively rely on any determination by the Special Servicer (which determination shall be made by the Special
Servicer in accordance with Accepted Servicing Practices) that any proposed Advance would, if made, be a Nonrecoverable Advance.
In making such non-recoverability determination, the Servicer or the Special Servicer (in accordance with Accepted Servicing Practices)
or the Trustee (based on reasonable business judgment), as applicable, shall be entitled to consider (among other things) the obligations
of the Borrower under the terms of the Mortgage Loan as it may have been modified, to consider (among other things) the Property
in its “as-is” or then current conditions and occupancies, as modified by such party’s assumptions regarding
the possibility and effects of future adverse change with respect to the Property, to estimate and consider (among other things)
future expenses and to estimate and consider (among other things) the timing of recoveries. The Trustee and the Servicer, in that
order, shall be entitled to reimbursement for any such Advances from the Collection Account and shall obtain such reimbursement
in accordance with Section 3.4(c). If the context requires, each reference to the reimbursement or payment of an Advance
shall be deemed to include, whether or not specifically referred to, payment or reimbursement of interest thereon at the Advance
Interest Rate, compounded annually, through the date of payment or reimbursement. If the Servicer and the Trustee do not make a
Property Protection Advance because it would be a Nonrecoverable Advance, then the Servicer may, but is not required to, pay such
amounts from the Collection Account as Trust Fund Expenses if consistent with Accepted Servicing Practices and, if the Servicer
does not pay such amounts, the Special Servicer shall have no obligation to advance funds from its own funds to pay such Property
Protection Advance or to perform the action requiring such Property Protection Advance.

 

(f)            
The determination by the Servicer or the Trustee, as applicable, that it has made a Nonrecoverable Advance or by the Servicer,
the Special Servicer or the Trustee, as

 

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applicable, that any proposed Advance, if made, would constitute a Nonrecoverable Advance,
shall be evidenced by the delivery of an Officer’s Certificate to the Companion Loan Holder(s), the Certificate Administrator,
the Servicer (if such determination is made by the Special Servicer or the Trustee, as applicable), the Trustee (if such determination
is made by the Servicer or the Special Servicer, as applicable) in electronic format, and any applicable Consenting Party and Consulting
Party, detailing the reasons for such determination with supporting documents attached. Such Officer’s Certificate shall
be made available to any Non-Restricted Privileged Person by the Certificate Administrator or the 17g-5 Information Provider by
posting such Officer’s Certificate to the Certificate Administrator’s Website or to the 17g-5 Information Provider’s
Website, as applicable, pursuant to Section 8.14(b). The costs of any appraisals, reports or surveys and other information
requested by the Servicer, the Special Servicer or the Trustee establishing an Advance as a Nonrecoverable Advance shall be treated
as an expense of the Trust, payable from the Collection Account pursuant to Section 3.4(c), and shall constitute a
Property Protection Advance or Administrative Advance, as applicable, if paid by the Servicer or the Trustee from its funds. The
Servicer’s and the Special Servicer’s reasonable determination of nonrecoverability in accordance with the above provisions
shall be conclusive and binding on the Trustee and the Trustee shall be entitled to rely conclusively thereupon. The Trustee, in
determining whether or not a proposed Advance would be a Nonrecoverable Advance, shall make such determination in its reasonable
business judgment. For the avoidance of doubt, the Special Servicer may, but is not obligated to, determine whether any Advance
would constitute a Nonrecoverable Advance if made. If the Servicer and the Trustee do not make a Property Protection Advance because
it would be a Nonrecoverable Advance, then the Servicer may, but is not required to, pay such amounts from the Collection Account
as Trust Fund Expenses if consistent with Accepted Servicing Practices and, if the Servicer does not pay such amounts, the Special
Servicer shall have no obligation to advance funds from its own funds to pay such Property Protection Advance or to perform the
action requiring such Property Protection Advance.

 

(g)           
The Servicer and the Trustee are not obligated to advance or pay (i) delinquent scheduled payments with respect to
any Companion Loan, (ii) the Balloon Payment with respect to the Trust Loan or any Companion Loan (but are obligated to advance
the related Assumed Monthly Interest Payment in accordance with the terms of this Agreement), (iii) any Default Interest,
(iv) amounts required to cure any damages resulting from Uninsured Causes (except as required pursuant to Section 3.12(c)),
any failure of the Property to comply with any applicable law, including any Environmental Law, or (except in connection with the
foreclosure or other acquisition of the Property in accordance with Section 3.12 upon the occurrence of a Mortgage
Loan Event of Default) to investigate, test, monitor, contain, clean up, or remedy an environmental condition present at the Property,
(v) any losses arising with respect to defects in the title to the Property, (vi) any costs of capital improvements to
the Property other than those necessary to prevent an immediate or material loss to the Trust’s interest in the Property,
(vii) Yield Maintenance Premiums, (viii) subordinated obligations, including any related mezzanine loans, or (ix) any
cure payments. The Servicer shall have no obligation to make any Administrative Advances with respect to any Companion Loan.

 

(h)           
Upon the determination that a previously made Advance is a Nonrecoverable Advance, and to the extent funds in the Collection
Account allocable to principal and available for distribution on the next Distribution Date are insufficient to fully reimburse
the party entitled to reimbursement, then the Servicer or the Trustee, as applicable, may elect, on a

 

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monthly basis, each at its
own option and in its sole discretion, to defer reimbursement of the portion that exceeds such amount allocable to principal (in
which case interest will continue to accrue on the unreimbursed portion of the Advance at the Advance Interest Rate) for such successive
one month period as is required to reimburse such excess portion from principal, for a period not to exceed 12 months. If the Servicer
or the Trustee, as applicable, determines, in its sole discretion, that it should recover the Nonrecoverable Advances without deferral,
then the Servicer or the Trustee, as applicable, shall be entitled to immediate reimbursement of Nonrecoverable Advances with interest
thereon at the Advance Interest Rate from all amounts in the Collection Account for such Distribution Date. Any such election by
any such party to refrain from reimbursing itself or obtaining reimbursement for any Nonrecoverable Advance or portion of any Nonrecoverable
Advance with respect to any one or more Collection Periods will not limit the accrual of interest at the Advance Interest Rate
on such Nonrecoverable Advance for the period prior to the actual reimbursement of such Nonrecoverable Advance. The Servicer’s
or the Trustee’s, as applicable, election to defer reimbursement of such Nonrecoverable Advances as set forth above is an
accommodation to the Certificateholders and shall not be construed as an obligation on the part of the Servicer or the Trustee,
as applicable, or a right of the Certificateholders. The decision to defer reimbursement or to seek immediate reimbursement of
Nonrecoverable Advances shall be deemed to be (a) in accordance with Accepted Servicing Practices, with respect to the Servicer
and (b) in accordance with reasonable business judgment, with respect to the Trustee, and in each case, neither the Servicer, the
Trustee nor the other parties to this Agreement shall have any liability to one another or to any of the Certificateholders for
any such election that such party makes as described above, or for any losses, damages or other adverse economic or other effects
that may arise from such an election.

 

3.24         
Modifications of Mortgage Loan Documents; Due on Sale; Due on Encumbrance. (a) The
Servicer (if no Special Servicing Loan Event has occurred and is continuing) or the Special Servicer (during a Special Servicing
Loan Event) each in accordance with Section 9.3 and this Section 3.24, may, subject to (1) the rights
of any applicable Consenting Party and any applicable Consulting Party, (2) the rights of any Companion Loan Holder under the Co-Lender
Agreement and (3) the rights of any related mezzanine lender under a related mezzanine intercreditor agreement, modify, waive
or amend any term of the Mortgage Loan if such modification, waiver or amendment (i) is consistent with Accepted Servicing
Practices and (ii) does not either (A) cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as
a REMIC under the Code or (B) constitute a “significant modification” of the Mortgage Loan pursuant to Treasury
Regulations Section 1.860G-2(b) (and the Servicer or the Special Servicer, as applicable, may obtain and be entitled to rely
upon an Opinion of Counsel in connection with such determination). Neither the Servicer nor the Special Servicer shall enter into
or structure (including, without limitation, by way of the application of credits, discounts, forgiveness or otherwise) any modification,
waiver, amendment, work-out, consent or approval with respect to the Mortgage Loan in a manner that would have the effect of placing
amounts payable as compensation, or otherwise directly or indirectly reimbursable, to the Servicer or the Special Servicer in a
higher priority than that which is provided in the allocation and payment priorities set forth in Section 1.3(a) hereof
or in the Co-Lender Agreement. Notwithstanding anything herein to the contrary, in no event may the Servicer or the Special Servicer
permit an extension of the Maturity Date beyond the date that is seven (7) years prior to the Rated Final Distribution Date. With
respect to any action as to which the Special Servicer’s consent is required under this Agreement (including any Major Decision),
the Servicer shall obtain the consent of the

 

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Special Servicer who, in turn, shall obtain the consent of any applicable Consenting
Party prior to granting its approval to the Servicer to take such action. After obtaining such approval, the Servicer shall be
responsible for processing such action (if no Special Servicing Loan Event has occurred and is continuing).

 

(b)           All modifications, waivers or amendments of the Mortgage Loan shall be in writing and shall be effected in a manner consistent
with Accepted Servicing Practices and the REMIC Provisions. The Servicer or the Special Servicer, as applicable, shall notify each
other, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, any applicable Consenting Party, any applicable
Consulting Party, the Companion Loan Holder(s) and the Controlling Class Representative, in writing, of any modification, waiver
or amendment of any term of the Mortgage Loan and the date thereof, and shall deliver to the Certificate Administrator or a Custodian
on its behalf (with a copy to the Companion Loan Holder(s)) an original recorded counterpart of the agreement relating to such
modification, waiver or amendment within 10 Business Days following the execution and recordation thereof with a copy of such
documentation to the Servicer or the Special Servicer, as applicable. In the event the Servicer or the Special Servicer, or a court
of competent jurisdiction in connection with a work-out or proposed work-out of the Mortgage Loan, modifies the interest rate applicable
to the Mortgage Loan, the adverse aggregate economic effect of the modification shall be applied to the Regular Certificates in
reverse order of seniority.

 

(c)           Any modification of the Mortgage Loan Documents that requires a Rating Agency Confirmation pursuant to the Mortgage Loan
Documents, or any modification that would eliminate, modify or alter the requirement of obtaining such Rating Agency Confirmation
in the Mortgage Loan Documents, shall not be made without the Servicer’s or the Special Servicer’s, as applicable,
first receipt of such Rating Agency Confirmation. Such Rating Agency Confirmation shall be obtained at the Borrower Related Parties’
expense in accordance with the Mortgage Loan Agreement or, if not so provided in the Mortgage Loan Agreement or if the Borrower
Related Parties do not pay, at the expense of the Trust.

 

(d)           Prior to implementing any Major Decision under clauses (i) through (v), clause (xi)(A) (to the
extent that the related agreement is modified in a manner materially adverse to the “Senior Lender,” “Mortgage
Lender” or such other similar term as may be set forth therein) and clause (xiii) of the definition of “Major
Decision,” the Servicer or the Special Servicer, as applicable, shall obtain a Rating Agency Confirmation from each Rating
Agency.

 

(e)           [Reserved].

 

(f)            Notwithstanding the foregoing, the Servicer (or, if a Special Servicing Loan Event is continuing, the Special Servicer)
may in accordance with Accepted Servicing Practices (but without any Rating Agency Confirmation or consent of any applicable Consenting
Party) grant the Borrower’s request for consent to subject the Property to an easement, right-of-way or similar agreement
for utilities, access, parking, public improvements or another similar purpose and may consent to subordination of the Mortgage
Loan to such easement, right-of-way or similar agreement.

 

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(g)           
As the Mortgage Loan contains provisions in the nature of a “due-on-sale” clause, which by its terms: (i) provides
that the Mortgage Loan shall (or may at the mortgagee’s option) become due and payable upon the sale or other transfer of
an interest in the Property or equity interests in the Borrower or certain principals of the Borrower except when certain conditions
are met; or (ii) provides that, except when certain conditions are met, the Mortgage Loan may not be assumed without the consent
of the mortgagee in connection with any such sale or other transfer, neither the Servicer nor the Special Servicer, on behalf of
the Trustee as the mortgagee of record on behalf of the Trust, shall (A) fail to exercise any right it may have with respect
to the Mortgage Loan (1) to accelerate the payments thereon or (2) to withhold its consent to any sale or transfer, consistent
with the Accepted Servicing Practices or (B) waive any right to exercise such rights, unless, (x) with respect to the
Mortgage Loan (if no Special Servicing Loan Event has occurred and is continuing), the Servicer has obtained the prior written
consent (or deemed consent) of the Special Servicer, which consent shall be deemed given five (5) Business Days after the ten Business
Day review period of any applicable Consenting Party (or, with respect to such ten Business Day period, such longer period as required
by any related mezzanine intercreditor agreement for review by any holder of a related mezzanine loan) after receipt (unless earlier
objected to) by the Special Servicer from the Servicer of the Servicer’s written analysis and recommendation with respect
to such waiver or exercise of such right together with such other information reasonably required by the Special Servicer, or (y) prior
to the Special Servicer, with respect to the Mortgage Loan (during the occurrence and continuation of a Special Servicing Loan
Event), itself taking such an action or, with respect to the Mortgage Loan (if no Special Servicing Loan Event has occurred and
is continuing), consenting to such a proposed action of the Servicer, the Special Servicer has obtained, if there is an applicable
Consenting Party, the prior written consent (or deemed consent) of such Consenting Party, which consent shall be deemed given ten
Business Days (or, with respect to such ten Business Day period, such longer period as required by any related mezzanine intercreditor
agreement for review by any holder of a related mezzanine loan) after receipt (unless earlier objected to) by such Consenting Party
of the Servicer’s and/or Special Servicer’s, as applicable, written analysis and recommendation with respect to such
waiver together with such other information reasonably required by such Consenting Party.

 

(h)           
As the Mortgage Loan contains provisions stating that the Mortgage Loan may not be assumed or transferred without the consent
of the mortgagee, unless certain conditions are satisfied, the Special Servicer, with respect to the Mortgage Loan (during the
occurrence and continuation of a Special Servicing Loan Event) or the Servicer with respect to the Mortgage Loan (if no Special
Servicing Loan Event has occurred and is continuing), as applicable, on behalf of the Trustee as the mortgagee of record on behalf
of the Trust, shall determine in accordance with Accepted Servicing Practices whether such conditions have been satisfied.

 

(i)             
As the Mortgage Loan contains provisions in the nature of a “due-on- encumbrance” clause that by its terms:
(i) provides that the Mortgage Loan shall (or may at the mortgagee’s option) become due and payable upon the creation
of any additional lien or other encumbrance on the Property or equity interests in the Borrower or principals of the Borrower;
or (ii) requires the consent of the mortgagee to the creation of any such additional lien or other encumbrance on the Property
or equity interests in the Borrower or principals of the Borrower, neither the Servicer nor the Special Servicer, on behalf of
the Trustee as the mortgagee of record, on behalf of the Trust, shall (A) fail to exercise any right it may have with respect
to the Mortgage Loan (1) to accelerate the payments thereon or (2) to withhold its consent to the creation of any

 

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additional
lien or other encumbrance, consistent with the Accepted Servicing Practices or (B) waive its right to exercise such rights,
unless, (x) with respect to the Mortgage Loan (if no Special Servicing Loan Event has occurred and is continuing), the Servicer
has obtained the prior written consent (or deemed consent) of the Special Servicer, which consent shall be deemed given five (5)
Business Days after the ten Business Day review period of any applicable Consenting Party (or, with respect to such ten Business
Day period, such longer period as required by any related mezzanine intercreditor agreement for review by any holder of a related
mezzanine loan) after receipt (unless earlier objected to) by the Special Servicer from the Servicer of the Servicer’s written
analysis and recommendation with respect to such waiver or exercise of such right together with such other information reasonably
required by the Special Servicer, and/or (y) prior to the Special Servicer, with respect to the Mortgage Loan (during the
occurrence and continuation of a Special Servicing Loan Event), itself taking such an action or, with respect to the Mortgage Loan
(if no Special Servicing Loan Event has occurred and is continuing), consenting to such a proposed action of the Servicer, the
Special Servicer has obtained, if there is an applicable Consenting Party, the prior written consent (or deemed consent) of such
Consenting Party, which consent shall be deemed given ten Business Days (or, with respect to such ten Business Day period, such
longer period as required by any related mezzanine intercreditor agreement for review by any holder of a related mezzanine loan)
after receipt (unless earlier objected to) by such Consenting Party of the Servicer’s and/or Special Servicer’s, as
applicable, written analysis and recommendation with respect to such waiver together with such other information reasonably required
by such Consenting Party.

 

(j)             
Notwithstanding the foregoing, the Servicer shall not permit the substitution of the Property pursuant to the defeasance
provisions of the Mortgage Loan unless such defeasance complies with Treasury Regulations Section 1.860G-2(a)(8)(ii) and the
Servicer has received (i) replacement collateral consisting of government securities within the meaning of Treasury Regulations
Section 1.860G-2(a)(8)(ii), which satisfies the requirements of the Mortgage Loan Documents, in an amount sufficient to make
all scheduled payments under the Mortgage Loan (or defeased portion thereof) when due, (ii) a certificate of an Independent
certified public accountant to the effect that such substituted property will provide cash flows sufficient to meet all payments
of interest and principal (including payments at maturity) on the Mortgage Loan (or defeased portion thereof) in compliance with
the requirements of the terms of the Mortgage Loan Documents, (iii) one or more Opinions of Counsel (at the expense of the
Borrower) to the effect that the Trustee, on behalf of the Trust Fund, will have a first priority perfected security interest in
such substituted Property; provided, however, that, to the extent consistent with the Mortgage Loan Documents, the
Borrower shall pay the cost of any such opinion as a condition to granting such defeasance, (iv) to the extent consistent with
the Mortgage Loan Documents, a single purpose entity shall act as a successor borrower, if so required by the Rating Agencies,
(v) to the extent permissible under the Mortgage Loan Documents, the Servicer shall use its reasonable efforts to require the Borrower
to pay all costs of such defeasance, including but not limited to the cost of maintaining any successor borrower, and (vi) to the
extent permissible under the Mortgage Loan Documents, the Servicer shall obtain, at the expense of the Borrower, Rating Agency
Confirmation from each Rating Agency.

 

(k)           
The parties hereto hereby acknowledge that the Co-Lender Agreement provides that (i) to the extent consistent with Accepted
Servicing Practices (taking into account the extent to which the Junior Trust Notes are junior to the Senior Notes pursuant to
the Co-Lender

 

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Agreement): (x) no waiver, reduction or deferral of any particular amounts due on any of the Senior Notes (except
for REMIC or grantor trust expenses, if applicable) shall be effected prior to the waiver, reduction or deferral of the entire
corresponding item in respect of the Junior Trust Notes; and (y) no reduction of the Interest Rate of any of the Senior Notes shall
be effected prior to the reduction of the Interest Rate of the Junior Trust Notes, to the fullest extent possible, and (ii) any
of the actions referred to in the immediately preceding clauses (i) (x) and (i)(y) shall be effected (a) as among the Senior Notes,
on a pro rata and pari passu basis (based on the relative principal balance of each such Senior Note) and (b) as
among the Junior Trust Notes, on a pro rata and pari passu basis (based on the relative principal balance of each
such Junior Trust Note), in each case as regards the economic effects thereto.

 

3.25         
Servicer and Special Servicer May Own Certificates. The
Servicer, the Special Servicer and any agent thereof in its individual or any other capacity may become the owner or pledgee of
Certificates with the same rights it would have if it were not the Servicer or the Special Servicer or such agent except as otherwise
provided herein (including such restrictions on voting set forth in the definition of Certificateholder).

 

3.26         
Mezzanine Intercreditor Agreement; Notice of Mortgage Loan Event of Default to Companion
Loan Holder(s) and Mezzanine Lender. (a) The Servicer
shall give notice of any Mortgage Loan Event of Default to the Companion Loan Holder(s) and the lender under any related mezzanine
loan promptly (and, in the event of the failure to make a related Monthly Interest Payment on
its scheduled Payment Date, such notice shall be given promptly following such related Payment Date) upon a Servicing Officer of
the Servicer gaining actual knowledge of such default or Mortgage Loan Event of Default, as provided in the Co-Lender Agreement
and any related mezzanine intercreditor agreement, whether or not the Servicer is obligated to give notice thereof to the Borrower
Related Parties. The Servicer or the Special Servicer, as applicable, shall exercise the rights of the Trust as (i) the holders
of the Trust Notes under the Co-Lender Agreement and (ii) a senior lender under any related mezzanine intercreditor agreement.
The Servicer or the Special Servicer, as applicable, shall comply with and enforce the rights and perform the obligations of the
Trust under the terms of the Co-Lender Agreement and any related mezzanine intercreditor agreement. The rights of the Trust and
the Certificateholders in and under the Trust Loan and the Mortgage Loan Documents shall be subject to the terms of the Co-Lender
Agreement and any related mezzanine intercreditor agreement.

 

(b)                 
The parties hereto acknowledge that the Mortgage Loan is subject to the terms and conditions of the Co-Lender Agreement
and recognize the respective rights and obligations of the Trust, as holder of the Trust Loan, and of the Companion Loan Holder(s)
under the Co-Lender Agreement, including, without limitation: (i) with respect to the allocation of collections on or in respect
of the Mortgage Loan, and making of remittances, to the Trust, as holder of the Trust Loan, and to the Companion Loan Holder(s);
(ii) with respect to the allocation of expenses and losses relating to the Mortgage Loan to the Trust, as holder of the Trust Loan,
and to the Companion Loan Holder(s); and (iii) the consultation, consent and other rights of any Companion Loan Holder or its representative.
The Servicer (if no Special Servicing Loan Event exists) or the Special Servicer (if a Special Servicing Loan Event exists or the
Property has been converted to a Foreclosed Property) shall prepare and provide to any Companion Loan Holder (or its representative)
all notices, reports, statements and communications to be delivered by the holder of the Trust Loan under the related Co-Lender
Agreement, and shall perform all duties and

 

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obligations to be performed by a servicer and perform all servicing-related duties
and obligations to be performed by the holder of the Trust Loan pursuant to the related Co-Lender Agreement. Furthermore, to the
extent not otherwise expressly included herein, any provisions required to be included herein pursuant to the Co-Lender Agreement
are deemed incorporated herein by reference, and the parties hereto shall comply with those provisions as if set forth herein in
full. In the event of any conflict between this Agreement and the Co-Lender Agreement, the terms of the Co-Lender Agreement shall
control.

 

(c)          The Servicer shall maintain the Note register provided for in Section 18 of the Co-Lender Agreement and shall record the
names and addresses of, and wire transfer instructions for, the holders of the Notes from time to time; provided that the Servicer
need not maintain a separate Note register from the Note register, if any, maintained under the Mortgage Loan Agreement if the
information in both registers would otherwise be identical. The Servicer shall, upon request, provide to any other party to this
Agreement the then current information contained in such register.

 

(d)          At any time after a Companion Loan has become part of an Other Securitization Trust and provided that the applicable parties
hereto have received written notice (which may be by email) thereof including contact information for the master servicer and special
servicer with respect to such Other Securitization Trust, all notices, reports, information or other deliverables required to be
delivered to the related Companion Loan Holder pursuant to this Agreement or the Co-Lender Agreement shall be delivered to the
master servicer and special servicer with respect to such Other Securitization Trust (who then may forward such items to the party
entitled to receive such items as and to the extent provided in the related Other Pooling and Servicing Agreement) and, when so
delivered to such master servicer and special servicer, the party hereto that is obligated under this Agreement or the Co-Lender
Agreement to deliver such notices, reports, information or other deliverables shall be deemed to have satisfied its delivery obligations
with respect to such items hereunder or under the Co-Lender Agreement.

 

3.27    Rating Agency Confirmation. (a) Notwithstanding the terms of any of the Mortgage Loan Documents or other provisions
of this Agreement, if any action under any Mortgage Loan Documents or this Agreement requires a Rating Agency Confirmation or a
written confirmation from a Rating Agency that any action thereunder or hereunder will not cause a downgrade, withdrawal or qualification
of the then-current ratings on the Certificates as a condition precedent to such action, and if the party (the “Requesting
Party”) required to obtain such Rating Agency Confirmation has (i) made a request to any Rating Agency for such
Rating Agency Confirmation and (ii) within ten (10) Business Days of such request being posted on the 17g-5 Information
Provider’s Website, such Rating Agency has not replied to such request or has responded in a manner that indicates that such
Rating Agency is neither reviewing such request nor waiving the requirement for Rating Agency Confirmation, then (x) the Requesting
Party shall be required to promptly request the related Rating Agency Confirmation again, and (y) if there is no response
to either such Rating Agency Confirmation request within five (5) Business Days of such second request, then (1) with
respect to any condition in any Mortgage Loan Document requiring such Rating Agency Confirmation or any other matter under this
Agreement relating to the servicing of the Mortgage Loan, the requirement to obtain Rating Agency Confirmation shall be considered
not to apply with respect to such Rating Agency for such action at such time (as if

 

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such requirement did not exist for such matter
at such time), other than such a requirement with respect to the replacement of the Servicer or Special Servicer, (2) with
respect to replacement of the Servicer or Special Servicer, such condition shall be deemed not to apply if (A) in the event
Moody’s is the non-responding Rating Agency, (I) the replacement servicer or special servicer has confirmed in writing that
it was appointed to act, and as of the date of determination is acting, as the servicer or special servicer, as applicable, on
a transaction level basis of a CMBS transaction with respect to which Moody’s rated one or more classes of securities and
one or more of such classes of securities are still outstanding and rated by Moody’s and (II) Moody’s has not cited
servicing concerns of the applicable replacement servicer or special servicer, as applicable, 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 any other CMBS transaction serviced by the applicable servicer or special servicer, as
applicable, prior to the time of determination, and (B) in the event DBRS Morningstar is the non-responding Rating Agency,
the replacement servicer or special servicer, as applicable, is currently ranked “MOR CS3” as a commercial mortgage
servicer or special servicer, as applicable, by DBRS Morningstar (if ranked by DBRS Morningstar) or is currently acting as a servicer
or special servicer, as applicable, on a transaction-level basis on a CMBS transaction currently rated by DBRS Morningstar that
currently has securities outstanding and for which DBRS Morningstar has not cited servicing concerns of the replacement servicer
or special servicer, as applicable, 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 rated by DBRS
Morningstar in a commercial mortgage-backed securitization transaction rated by DBRS Morningstar and serviced by the applicable
replacement servicer or special servicer, as applicable, prior to the time of determination and (3) with respect to a replacement
of, or successor to, the Operating Advisor, such condition shall be deemed to be waived with respect to any non-responding Rating
Agency so long as such Rating Agency has not cited concerns regarding the replacement operating advisor 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 any other CMBS transaction with respect to which the replacement operating
advisor acts as operating advisor prior to the time of determination. Promptly following the Servicer’s or Special Servicer’s
determination to take any action discussed above following any requirement to obtain Rating Agency Confirmation being considered
satisfied as described in the immediately preceding sentence, the Servicer or Special Servicer, as applicable, shall be required
to provide written notice to the 17g-5 Information Provider, who shall promptly post such notice to the 17g-5 Information Provider’s
Website pursuant to this Agreement.

 

Any Rating Agency Confirmation
request made by the Servicer, the Special Servicer, the Trustee, the Certificate Administrator or the Operating Advisor, as applicable,
pursuant to this Agreement, shall be made in writing (which may be in electronic form), which writing shall contain a cover page
indicating the nature of the Rating Agency Confirmation request, and shall contain all back up material the Servicer, the Special
Servicer, the Trustee, the Certificate Administrator or the Operating Advisor, as applicable, reasonably deems necessary for the
Rating Agency to process such request. Such written Rating Agency Confirmation request shall be provided (in electronic format
reasonably acceptable to the 17g-5 Information Provider) to the 17g 5 Information Provider, and the 17g 5 Information Provider
shall post such request on the 17g 5 Information Provider’s Website in accordance with Section 8.14(b).

 

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Promptly following the
Servicer’s or Special Servicer’s determination to take any action discussed in this Section 3.27 following any
requirement to obtain a Rating Agency Confirmation being considered satisfied as described in the first paragraph of this Section
3.27(a), the Servicer or Special Servicer, as applicable, shall provide electronic written notice to the 17g-5 Information
Provider of the action taken for the particular item at such time, and the 17g-5 Information Provider shall post such notice on
the 17g-5 Information Provider’s Website in accordance with Section 8.14(b).

 

(b)       Notwithstanding
the terms of the related Mortgage Loan Documents, the other provisions of this Agreement or the Co-Lender Agreement, with respect
to any Companion Loan as to which there exists Companion Loan Securities, if any action relating to the servicing and administration
of the Mortgage Loan or any Foreclosed Property (the “Relevant Action”) requires delivery of a Rating Agency
Confirmation as a condition precedent to such action pursuant to this Agreement, then, except as set forth below in this paragraph,
such action will also require delivery of a Companion Loan Rating Agency Confirmation as a condition precedent to such action from
each Companion Loan Rating Agency. Each Companion Loan Rating Agency Confirmation shall be sought by the Servicer or Special Servicer,
as applicable, depending on whichever such party is seeking the corresponding Rating Agency Confirmation(s) in connection with
the Relevant Action. The requirement to obtain a Companion Loan Rating Agency Confirmation with respect to any Companion Loan Securities
will be subject to, will be permitted to be waived by the Servicer and the Special Servicer on, and will be deemed not to apply
on, the same terms and conditions applicable to obtaining Rating Agency Confirmations, as set forth in this Agreement; provided,
that the Servicer or Special Servicer, as applicable, depending on which is seeking the subject Companion Loan Rating Agency Confirmation,
shall forward to one or more of its counterpart (i.e., the master servicer or special servicer, as applicable), the 17g-5 Information
Provider’s counterpart, or such other party or parties (as are agreed to by the Servicer or the Special Servicer, as applicable,
and the applicable parties for the related Other Securitization Trust), at the expense of the Other Securitization Trust to the
extent not borne by the Borrower, and in such format as the sender and recipient may reasonably agree, (i) the request for
such Companion Loan Rating Agency Confirmation at approximately the same time that the request for Rating Agency Confirmation with
respect to the applicable Relevant Action is sent to the 17g-5 Information Provider, (ii) all materials forwarded to the 17g-5
Information Provider under this Agreement in connection with seeking the Rating Agency Confirmation(s) for the applicable Relevant
Action at approximately the same time that such materials are forwarded to the 17g-5 Information Provider, and (iii) any other
materials that the applicable Companion Loan Rating Agency may reasonably request in connection with such Companion Loan Rating
Agency Confirmation promptly following such request. The Servicer or the Special Servicer, as applicable, may (but is not obligated
to) send the request for a Companion Loan Rating Agency Confirmation (and the related materials sent to the 17g-5 Information Provider’s
counterpart in connection therewith) to the applicable Companion Loan Rating Agency following the earlier of (a) receipt of notification
from the 17g-5 Information Provider’s counterpart that such information, report, notice or other document has been posted
to the 17g-5 Information Provider counterpart’s website and (b) after 12:00 p.m. on the first Business Day following the
date it has provided such information, report, notice or other document to the 17g-5 Information Provider.

 

Each of the Servicer
and the Certificate Administrator shall, promptly following receipt of written request from the Special Servicer, provide to the
Special Servicer the contact

 

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information for the master servicer, the special servicer, the trustee, the certificate administrator
and the 17g-5 Information Provider’s counterpart for the Other Securitization Trust, in each case solely to the extent known
to it.

 

(c)To the extent
it is permitted to do so under the Mortgage Loan Agreement, the Servicer (if no Special Servicing Loan Event has occurred and is
continuing) or the Special Servicer (during a Special Servicing Loan Event) shall, or shall require the Borrower to, obtain a Rating
Agency Confirmation from each Rating Agency with respect to the approval of any manager contemplated by clause (b) of the definition
of “Qualified Manager” in the Mortgage Loan Agreement.

 

3.28         
Approval of Annual Budget.
Subject to Section 3.24(a), the Servicer and the Special
Servicer each hereby agree and acknowledge that the Servicer or the Special Servicer, as applicable, shall respond to any request
by the Borrower under Section 5.1.11(d) of the Mortgage Loan Agreement for written approval of any proposed annual budget.

 

3.29         
Financial Statements.

 

With respect to any audited
annual financial statements provided by the Borrower pursuant to Section 5.1.11 of the Mortgage Loan Agreement, the Servicer (if
no Special Servicing Loan Event has occurred and is continuing) or the Special Servicer (during a Special Servicing Loan Event)
shall, to the extent it is permitted to do so under the Mortgage Loan Agreement, require such audited annual financial statements
to be audited by either a “Big Four” accounting firm or a nationally recognized accounting firm.

 

3.30         
Co-operation with Other Asset Reviewer. If any Companion
Loan becomes the subject of an Other PSA Asset Review pursuant to the related Other Pooling and Servicing Agreement, the
Servicer, the Special Servicer, the Trustee and the Certificate Administrator shall reasonably cooperate (and the Certificate Administrator
shall cause any Custodian appointed by it to reasonably cooperate) with the related Other Asset Representations Reviewer in connection
with such Other PSA Asset Review by providing the related Other Asset Representations Reviewer with any documents reasonably requested
by the related Other Asset Representations Reviewer (not at its own expense or the expense of the Trust but at the expense of the
related Loan Seller or the related Other Asset Representations Reviewer), but only to the extent that (i) the Other Asset Representations
Reviewer has not been able to obtain such documents from the related Loan Seller and (ii) such documents are in the possession
of the Servicer, the Special Servicer, the Trustee, the Certificate Administrator or any Custodian appointed by the Certificate
Administrator, as the case may be. For the avoidance of doubt, none of the Servicer, the Special Servicer, the Trustee, the Certificate
Administrator or the Custodian (i) shall have other obligations with respect to any such Other PSA Asset Review nor shall any such
party be bound by the results of any such asset review, or (ii) shall be obligated to provide such documents if providing such
documents, in its reasonable determination, would be a violation of this Agreement or the Co-Lender Agreement.

 

3.31         
Consultation with Other Operating Advisor. With respect
to any Other Pooling and Servicing Agreement that satisfies the U.S. Credit Risk Retention Rules in
whole or in part through the purchase by a third party purchaser of an eligible horizontal residual interest pursuant to
Rule 7 of the U.S. Credit Risk Retention Rules (a “Regulation RR Other PSA”), at any

 

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time that the Special Servicer
has received written notice of such Regulation RR Other PSA and that an Other Operating Advisor Consultation Trigger Event has
occurred under such Regulation RR Other PSA because such eligible horizontal residual interest has been reduced as set forth under
Rule 7(b)(6)(iv) of the U.S. Credit Risk Retention Rules, the Special Servicer shall consult with the related Other Operating Advisor
(as representative of the related Companion Loan Holder) under such Other Pooling and Servicing Agreement with respect to any decisions
that are Major Decisions with respect to the related Companion Loan. Such consultation shall be on a non-binding basis.

 

3.32         
Compensating Interest Payments. The Servicer shall deliver
to the Certificate Administrator for deposit in the Lower-Tier Distribution Account on each Remittance Date, without any right
of reimbursement thereafter, a Compensating Interest Payment, in the event that a Prepayment Interest Shortfall occurs as
a result of the Servicer allowing the Borrower to deviate from the terms of the Mortgage Loan Documents regarding principal prepayments
(other than (w) subsequent to a Mortgage Loan Event of Default, (x) pursuant to applicable law or a court order, (y) in
connection with the receipt of Insurance Proceeds or Condemnation Proceeds, or (z) at the request or with the consent of the
Special Servicer). Compensating Interest Payments shall be applied, first, to cover the portion of the applicable Prepayment Interest
Shortfall (adjusted to the Interest Rate, net of the Servicing Fee Rate) attributable to the Senior Trust Note and the Companion
Loan Note(s), pro rata based on the respective amounts of such shortfalls for each such Note, and then, to cover the portion
of the applicable Prepayment Interest Shortfall (adjusted to the Interest Rate, net of the Servicing Fee Rate) attributable to
the Junior Trust Note. In no event will the rights of the Certificateholders and Companion Loan Holder(s) to the offset of the
aggregate Prepayment Interest Shortfalls be cumulative.

 

3.33         
Resignation Upon Prohibited Risk Retention Affiliation. Upon the occurrence of (i) a Servicing Officer of the Servicer
or a Responsible Officer of the Certificate Administrator or the Trustee, as applicable, obtaining actual knowledge that the Servicer,
the Certificate Administrator or the Trustee, as applicable, is or has become Risk Retention Affiliated with or a Risk Retention
Affiliate of the Third Party Purchaser (in such case, an “Impermissible TPP Affiliate”), (ii) the Servicer,
Certificate Administrator or the Trustee receiving written notice by any other party to this Agreement, the Third Party Purchaser,
any Mortgage Loan Seller or any Initial Purchaser that the Servicer, Certificate Administrator or the Trustee, as applicable, is
or has become an Impermissible TPP Affiliate, or (iii) the Operating Advisor obtaining actual knowledge or receiving written notice
that it is or has become a Risk Retention Affiliate of the Third Party Purchaser, any Mortgage Loan Seller or any other party to
this Agreement (together with an Impermissible TPP Affiliate, an “Impermissible Risk Retention Affiliate”),
then, in each case, such Impermissible Risk Retention Affiliate shall promptly notify the Retaining Sponsor and the parties to
this Agreement and resign in accordance with Section 6.4, Section 8.7 or Section 9.7, as applicable. The resigning
Impermissible Risk Retention Affiliate shall bear all reasonable out-of-pocket costs and expenses of each other party to this Agreement,
the Trust and each Rating Agency in connection with such resignation as and to the extent required under this Agreement, provided
however, if the affiliation causing an Impermissible Risk Retention Affiliate is the result of Third Party Purchaser acquiring
an interest in such Impermissible Risk Retention Affiliate or an affiliate of such Impermissible Risk Retention Affiliate, then
such costs and expenses shall be an expense of the Trust.

 

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4.              
PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS

 

4.1          
Distributions. (a) On each Distribution Date, the Certificate
Administrator shall withdraw from the Distribution Account the amounts on deposit therein, to the extent of Available Funds, and
distribute such amounts to the respective Classes of Certificates in the amounts and in the order of priority set forth below:

 

First, to the Class A
and Class X Certificates, in respect of interest, up to an amount equal to, and pro rata in accordance with, the respective
Interest Distribution Amounts for such Classes and such Distribution Date;

 

Second, to the Class A
Certificates, in reduction of the Certificate Balance of such Class, up to the Principal Distribution Amount for such Class and
such Distribution Date until the Certificate Balance of such Class is reduced to zero;

 

Third, to the Class A
Certificates, up to the amount of all Applied Realized Loss Amounts previously allocated to such Class and not reimbursed on prior
Distribution Dates;

 

Fourth, to the Class B
Certificates in respect of interest, up to the Interest Distribution Amount for such Class and such Distribution Date;

 

Fifth, to the Class B
Certificates, in reduction of the Certificate Balance of such Class, up to the Principal Distribution Amount for such Class and
such Distribution Date until the Certificate Balance of such Class is reduced to zero;

 

Sixth, to the Class B
Certificates, up to the amount of all Applied Realized Loss Amounts previously allocated to such Class and not reimbursed on prior
Distribution Dates;

 

Seventh, to the Class C
Certificates in respect of interest, up to the Interest Distribution Amount for such Class and such Distribution Date;

 

Eighth, to the Class C
Certificates, in reduction of the Certificate Balance of such Class, up to the Principal Distribution Amount for such Class and
such Distribution Date until the Certificate Balance of such Class is reduced to zero;

 

Ninth, to the Class C
Certificates, up to the amount of all Applied Realized Loss Amounts previously allocated to such Class and not reimbursed on prior
Distribution Dates;

 

Tenth, to the Class D
Certificates in respect of interest, up to the Interest Distribution Amount for such Class and such Distribution Date;

 

Eleventh, to the Class D
Certificates, in reduction of the Certificate Balance of such Class, up to the Principal Distribution Amount for such Class and
such Distribution Date until the Certificate Balance of such Class is reduced to zero;

 

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Twelfth, to the Class D
Certificates, up to the amount of all Applied Realized Loss Amounts previously allocated to such Class and not reimbursed on prior
Distribution Dates;

 

Thirteenth, to the Class E
Certificates in respect of interest, up to the Interest Distribution Amount for such Class and such Distribution Date;

 

Fourteenth, to the Class E
Certificates, in reduction of the Certificate Balance of such Class, up to the Principal Distribution Amount for such Class and
such Distribution Date until the Certificate Balance of such Class is reduced to zero;

 

Fifteenth, to the Class E
Certificates, up to the amount of all Applied Realized Loss Amounts previously allocated to such Class and not reimbursed on prior
Distribution Dates;

 

Sixteenth, to the Class F
Certificates in respect of interest, up to the Interest Distribution Amount for such Class and such Distribution Date;

 

Seventeenth, to the Class F
Certificates, in reduction of the Certificate Balance of such Class, up to the Principal Distribution Amount for such Class and
such Distribution Date until the Certificate Balance of such Class is reduced to zero;

 

Eighteenth, to the Class F
Certificates, up to the amount of all Applied Realized Loss Amounts previously allocated to such Class and not reimbursed on prior
Distribution Dates;

 

Nineteenth, to the Class G
Certificates in respect of interest, up to the Interest Distribution Amount for such Class and such Distribution Date;

 

Twentieth, to the Class G
Certificates, in reduction of the Certificate Balance of such Class, up to the Principal Distribution Amount for such Class and
such Distribution Date until the Certificate Balance of such Class is reduced to zero;

 

Twenty-first, to the
Class G Certificates, up to the amount of all Applied Realized Loss Amounts previously allocated to such Class and not reimbursed
on prior Distribution Dates;

 

Twenty-second, to the
Class HRR Certificates in respect of interest, up to the Interest Distribution Amount for such Class and such Distribution
Date;

 

Twenty-third, to the
Class HRR Certificates, in reduction of the Certificate Balance of such Class, up to the Principal Distribution Amount for
such Class and such Distribution Date until the Certificate Balance of such Class is reduced to zero;

 

Twenty-fourth, to the
Class HRR Certificates, up to the amount of all Applied Realized Loss Amounts previously allocated to such Class and not reimbursed
on prior Distribution Dates; and

 

Twenty-fifth, to the
Class R Certificates, any remaining amounts.

 

Available Funds applied
on any Distribution Date to pay the Interest Distribution Amount with respect to any Class of Regular Certificates for such Distribution
Date shall be

 

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applied first to pay the Current Interest Accrual Amount with respect to such Class of Certificates for such Distribution
Date and then to pay any Class Interest Shortfall in respect of the immediately preceding Distribution Date for such Class of Certificates.

 

Available Funds applied
on any Distribution Date to pay the Principal Distribution Amount with respect to any Class of Principal Balance Certificates for
such Distribution Date shall be applied first to pay the portion of the Total Current Principal Collection Amount for such Distribution
Date allocable to such Class of Certificates in accordance with the definition of “Total Current Principal Collection Amount”
and then to pay the Class Principal Shortfall for the immediately preceding Distribution Date and such Class of Certificates.

 

In no event will any
Class of Principal Balance Certificates receive distributions in reduction of its Certificate Balance which in the aggregate exceed
the initial Certificate Balance of such Class.

 

(b)          [Reserved].

 

(c)          On each Distribution Date, each of the Uncertificated Lower-Tier Interests shall be deemed to receive distributions in respect
of interest, principal or reimbursement of Applied Realized Loss Amounts in an amount equal to the amount of interest, principal
or reimbursement of Applied Realized Loss Amounts, as applicable, actually distributable to its respective Related Certificates
as provided in Section 4.1(a).

 

(d)          On each Distribution Date, any amounts actually distributed in respect of interest on the Class X Certificates shall be
deemed to have first been distributed in respect of interest among the Class LA, Class LB, Class LC and Class LD Uncertificated
Interests in proportion to the amount of such interest distributed on the Class X Certificates that effectively accrued at the
applicable Class X Strip Rate on the Lower-Tier Principal Amount of each such Uncertificated Lower-Tier Interest.

 

(e)          Amounts deemed distributable in respect of the Uncertificated Lower-Tier Interests on any Distribution Date pursuant to
Section 4.1(c) and Section 4.1(d) are referred to herein collectively as the “Lower-Tier Distribution
Amount”, and shall be deemed to be made by the Certificate Administrator being deemed to deposit such Lower-Tier Distribution
Amount into the Upper-Tier Distribution Account on each Distribution Date.

 

As of any date, the principal
balance of each Uncertificated Lower-Tier Interest will equal its Lower-Tier Principal Amount. The Pass-Through Rate with respect
to each Uncertificated Lower-Tier Interest will be the rate per annum set forth in the Introductory Statement hereto.

 

Any Available Funds that
remain in the Lower-Tier Distribution Account on each Distribution Date after distribution of the Lower-Tier Distribution Amount
shall be distributed to the Holders of the Class R Certificates (in respect of the Class LT-R Interest, but only to the
extent of the amount remaining in the Lower-Tier Distribution Account, if any).

 

(f)           All amounts distributable to a Class of Certificates pursuant to Section 4.1(a) and/or Section 4.3(a)
on each Distribution Date shall be allocated pro rata among

 

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the outstanding Certificates of such Class based on their respective
Percentage Interests. All distributions on each Class of Certificates pursuant to this Section 4.1 or pursuant to Section
4.3 shall be made on each Distribution Date to each Certificateholder of record at the close of business on the related Record
Date by wire transfer of immediately available funds to the account of such Certificateholder at a bank or other entity located
in the United States and having appropriate facilities therefor, provided that the Certificate Administrator has received appropriate
wire transfer instructions therefrom, or by check by first class mail to the address set forth therefor in the Certificate Register
if wiring instructions have not been received at least five (5) Business Days prior to the applicable Distribution Date. Notwithstanding
the foregoing, the final distribution on each Certificate shall be made in like manner, but only upon presentment and surrender
of such Certificate at the location specified by the Certificate Administrator in the notice to Certificateholders of such final
distribution.

 

(g)          The Certificate Administrator shall, as soon as reasonably possible after notice thereof by the Servicer to the Certificate
Administrator that the final distribution with respect to any Class of Certificates is expected to be made, post a notice on the
Certificate Administrator’s Website pursuant to Section 8.14(b), deliver such notice to the 17g-5 Information
Provider (who shall post such notice on the 17g-5 Information Provider’s Website pursuant to Section 8.14(b))
and mail to each Holder of such Class of Certificates, on such date a notice to the effect that:

 

(i)            the Certificate Administrator reasonably expects based upon information previously provided to it that the final distribution
with respect to such Class of Certificates shall be made on such Distribution Date, but only upon presentation and surrender of
such Certificates at the office of the Certificate Administrator therein specified; and

 

(ii)           if such final distribution is made on such Distribution Date, no interest shall accrue on such Certificate from and after
the Interest Accrual Period related to such Distribution Date.

 

(h)          Any funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the
failure of such Holder or Holders to tender their Certificates shall, on such date, be set aside and held in trust for the benefit
of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to this Section shall
not have been surrendered for cancellation within six months after the time specified in such notice, the Certificate Administrator
shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates for cancellation to
receive the final distribution with respect thereto. If within one year after the second notice not all of such Certificates shall
have been surrendered for cancellation, the Certificate Administrator may, directly or through an agent, take appropriate steps
to contact the remaining non-tendering Certificateholders concerning surrender of their Certificates. The costs and expenses of
holding such funds in trust and of contacting such Certificateholders shall be paid out of such funds. All such amounts shall be
held by the Certificate Administrator in trust in accordance herewith until the expiration of a two year period following such
second notice, notwithstanding any termination of the Trust. If within two years after the second notice any such Certificates
shall not have been surrendered for cancellation, the Certificate Administrator shall hold all amounts distributable to the Holders
thereof, subject to applicable law with respect to escheatment of funds, for the benefit

 

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of such Holders until the earlier of (i) its
termination as Certificate Administrator hereunder and the transfer of such amounts to a successor Certificate Administrator and
(ii) the termination of the Trust, at which time such amounts shall be distributed to the Depositor. No interest shall accrue
or be payable to any Certificateholder on any amount held in trust hereunder or by the Certificate Administrator as a result of
such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance with this Section 4.1(h).
Any such amounts transferred to the Certificate Administrator may, but need not be, invested in Permitted Investments and all income
and gain realized from investment of such funds shall be for the benefit of the Certificate Administrator. In the event the Certificate
Administrator is permitted or required to invest any amounts in Permitted Investments under this Agreement, whether in its capacity
as Certificate Administrator or in the event of its assumption of the duties of, or becoming the successor to, the Servicer or
the Special Servicer, as applicable, in accordance with the terms of this Agreement, it shall invest such amounts in Permitted
Investments under clause (i) of the definition of Permitted Investments.

 

(i)          The Certificate Administrator shall be responsible for the calculations with respect to distributions from the Trust so
long as the Trust has not been terminated in accordance with this Agreement. The Certificate Administrator shall have no duty to
recompile, recalculate or verify the accuracy of information provided to it by the Servicer pursuant to Section 3.18(a)
and, in the absence of manifest error in such information, may conclusively rely upon it.

 

(j)          On each Distribution Date, any Realized Loss shall be allocated to the respective Classes of Principal Balance Certificates
in the following order:

 

first, to the Class HRR
Certificates;

 

second, to the Class
G Certificates;

 

third, to the Class F
Certificates;

 

fourth, to the Class
E Certificates;

 

fifth, to the Class D
Certificates;

 

sixth, to the Class C
Certificates;

 

seventh, to the Class B
Certificates; and

 

eighth, to the Class A
Certificates;

 

in each case until the Certificate Balance
of the subject Class has been reduced to zero.

 

Allocations of Realized
Losses to any Class of the Principal Balance Certificates shall be deemed to result in a corresponding reduction of the Lower-Tier
Principal Amount of the Related Uncertificated Lower-Tier Interest.

 

(k)           
[Reserved].

 

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4.2            
Withholding Tax. Notwithstanding any other provision of
this Agreement, the Certificate Administrator shall comply with all federal withholding requirements with respect to payments to
Certificateholders that the Certificate Administrator reasonably believes are applicable under the Code. The consent of Certificateholders
shall not be required for any such withholding. In the event the Certificate Administrator withholds any amount from interest payments
or advances thereof to any Certificateholder pursuant to federal withholding requirements, amounts so withheld shall be treated
as having been entirely distributed to such Certificateholder, and the Certificate Administrator shall indicate the amount withheld
to such Certificateholder through a report.

 

Each Beneficial Owner
and Certificateholder, by the purchase of a Certificate or its acceptance of a beneficial interest therein, acknowledges that interest
on the Certificates will be treated as United States source interest, and, as such, United States withholding tax may apply. Each
such Beneficial Owner and Certificateholder further agrees, upon request, to provide any certifications that may be required under
applicable law, regulations or procedures to evidence its status for United States withholding tax purposes and understands that
if it ceases to satisfy the foregoing requirements or provide requested documentation, payments to it under the Certificates may
be subject to United States withholding tax (without any corresponding gross-up). Without limiting the foregoing, if a payment
made under this Agreement would be subject to United States federal withholding tax imposed by FATCA if the recipient of such payment
were to fail to comply with FATCA (including the requirements of Code Sections 1471(b) or 1472(b), as applicable), such recipient
shall deliver to the Certificate Administrator, with a copy to the Trustee, at the time or times prescribed by the Code and at
such time or times reasonably requested by the Certificate Administrator or the Trustee, such documentation prescribed by the Code
(including as prescribed by Code Section 1471(b)(3)(C)(i)) and such additional documentation reasonably requested by the Trustee
or the Certificate Administrator to comply with their respective obligations under FATCA, to determine that such recipient has
complied with such recipient’s obligations under FATCA, or to determine the amount to deduct and withhold from such payment.
For these purposes, “FATCA” means Section 1471 through 1474 of the Code and any regulations or official interpretations
thereof (including any revenue ruling, revenue procedure, notice or similar guidance issued by the U.S. Internal Revenue Service
thereunder as a precondition to relief or exemption from taxes under such Sections, regulations and interpretations), any agreements
entered into pursuant to Code Section 1471(b)(1), and including any amendments made to FATCA after the date of this Agreement.

 

4.3            
Allocation and Distribution of Yield Maintenance Premiums.

 

(a)            
On each Distribution Date, the Certificate Administrator shall withdraw from the Yield Maintenance Premiums Distribution
Account an amount that represents any Yield Maintenance Premiums actually collected in respect of the Mortgage Loan during the
related Collection Period and allocable to the Trust Loan pursuant to the Co-Lender Agreement and remitted by the Servicer pursuant
to Section 3.4(d), and shall distribute such withdrawn amount to the Holders of the respective Classes of the Regular Certificates
in the following manner: (i) the Holders of each Class of the Principal Balance Certificates shall, in the case of each Class thereof,
be entitled to receive that portion of such Yield Maintenance Premium equal to the product of (A) a fraction whose numerator is
the amount of principal distributed to such class of Principal Balance Certificates on such Distribution Date and whose denominator
is the total amount of principal

 

 

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distributed to all Classes of Principal Balance Certificates on such Distribution Date, (B) the
Base Interest Fraction for the related principal prepayment and such Class of Certificates and (C) the amount of such Yield Maintenance
Premiums; and (ii) the holders of the Class X Certificates shall be entitled to receive the excess, if any, of (A) the amount of
such Yield Maintenance Premiums, over (B) the amount thereof distributed with respect to the Principal Balance Certificates on
such Distribution Date in accordance with the immediately preceding clause (i). If there is more than one Class of Principal Balance
Certificates entitled to distributions of principal on any particular Distribution Date on which such Yield Maintenance Premiums
are distributable, the aggregate amount of such Yield Maintenance Premiums shall be allocated among all such Classes of Principal
Balance Certificates up to, and on a pro rata basis in accordance with their respective entitlements thereto in accordance
with the first sentence of this clause (a).

 

(b)             
[Reserved].

 

(c)            
Any Yield Maintenance Premium distributable pursuant to Section 4.3(a) shall be deemed to have first been distributed
from the Lower-Tier REMIC to the Upper-Tier REMIC in respect of Class LA Uncertificated Interest, Class LB Uncertificated Interest,
Class LC Uncertificated Interest, Class LD Uncertificated Interest, Class LE Uncertificated Interest, Class LF Uncertificated Interest,
Class LG Uncertificated Interest and Class LHRR Uncertificated Interest pro rata in accordance with their respective Lower-Tier
Principal Amounts outstanding immediately prior to the applicable Distribution Date, whether or not any such Uncertificated Lower-Tier
Interest, as applicable, has received all distributions of interest and principal to which it is entitled.

 

(d)           
Notwithstanding the foregoing, Yield Maintenance Premiums will be distributed to some or all of the Regular Certificates
on any Distribution Date only to the extent they are received in respect of the Trust Loan and on deposit in the Collection Account
as of the related Determination Date.

 

(e)            
No Yield Maintenance Premiums shall be distributed to the Holders of the Class R Certificates.

 

4.4            
Statements to Certificateholders. (a) On each Distribution
Date, based in part on information provided by the Servicer and/or the Special Servicer, as applicable, the Certificate Administrator
shall prepare and provide or make available pursuant to Section 8.14(b) to any Privileged Person a statement
in respect of the distributions on such Distribution Date (a “Distribution Date Statement”) in the form of Exhibit P
setting forth:

 

(i)              
for each Class of Regular Certificates, the amount of the distributions made on such Distribution Date allocable to interest
at the Pass-Through Rate and the amount allocable to principal (and separately identifying the amount of any principal payments
(specifying the source of such payments)), and the amount of interest paid on Advances from Default Interest and allocable to such
Class;

 

(ii)              
if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable
to such Holders if there were sufficient Available

  

 

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Funds, the amount of the shortfall allocable to such portion of any Class of
Certificates, stating separately the amounts allocable to principal and interest;

 

(iii)           the amount of any Monthly Interest Payment Advance for such Distribution Date;

 

(iv)           the Certificate Balance or Notional Amount, as the case may be, of each Class of Regular Certificates after giving effect
to any distribution in reduction of the Certificate Balance or Notional Amount, as the case may be, on such Distribution Date;

 

(v)            the principal balance of the Trust Loan (or any REO Trust Loan) and the Mortgage Loan (or any REO Mortgage Loan), respectively,
as of the end of the Collection Period for such Distribution Date;

 

(vi)           the aggregate amount of Unscheduled Payments (and the source of such payments) made during the related Collection Period;

 

(vii)          identification of any Mortgage Loan Event of Default, Special Servicing Loan Event, Servicer Termination Event, Special
Servicer Termination Event or Operating Advisor Termination Event under this Agreement, that in any case has been declared as of
the close of business on the second Business Day prior to the end of the immediately preceding calendar month;

 

(viii)         the amount of the servicing compensation (other than the Servicing Fee) paid to the Servicer and the Special Servicer with
respect to such Distribution Date, separately listing any Liquidation Fees or Work-out Fees and any other Borrower Restricted Party
charges retained by the Servicer or the Special Servicer, and the amount of compensation paid to the Servicer, the Special Servicer,
the Certificate Administrator, the Trustee and the Operating Advisor, separately listing the Trustee/Certificate Administrator
Fee (which includes the Trustee Fee), the Servicing Fee, the Special Servicing Fee and the Operating Advisor Fee;

 

(ix)            the number of days the Borrower Related Parties are delinquent in the event that the Borrower Related Parties are delinquent
at least 30 days and the date upon which any foreclosure proceedings have been commenced;

 

(x)            
identification of whether the Property, as of the close of business on the Payment Date immediately preceding such Distribution
Date, had become a Foreclosed Property;

 

(xi)            information with respect to any declared bankruptcy of any Borrower Related Party;

 

(xii)           as to any item of collateral for the Mortgage Loan released, liquidated or disposed of during the related Collection Period,
the identity of such item and the amount of proceeds of any liquidation or other amounts, if any, received therefrom during the
related Collection Period;

 

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(xiii)           a list of conveyances or transfers of the Property by the Borrower Related Parties as of the end of the related Collection
Period;

 

(xiv)           the aggregate amount of all Advances, if any, not yet reimbursed as of the end of the related Collection Period;

 

(xv)            the amount of any reimbursement of Nonrecoverable Advances paid to the Servicer during the related Collection Period;

 

(xvi)           an itemized report identifying any Appraisal Reduction Amount and the amount of the Appraisal Reduction Amount allocated
to each Class of Principal Balance Certificates as of such Distribution Date;

 

(xvii)          the amount of Default Interest, if any, and late payment charges, if any, paid by a Borrower Related Party during the related
Collection Period;

 

(xviii)         the aggregate amount of Borrower Reimbursable Trust Fund Expenses that were paid by or on behalf of the Borrower during
the related Collection Period and that remain unpaid as of the end of the related Collection Period;

 

(xix)            the amount of Yield Maintenance Premiums, if any, collected during the related Collection Period and distributed on such
Distribution Date to the Holders of the respective Classes of the Regular Certificates;

 

(xx)            
the information required by Rule 15Ga-1(a), as promulgated under the Exchange Act concerning all assets of the Trust
that were subject of a demand to repurchase for breach of the related representations and warranties;

 

(xxi)            the amount of any CREFC® Licensing Fee payable with respect to such Distribution Date;

 

(xxii)            an itemized listing of any Disclosable Special Servicer Fees received by the Special Servicer or any of its affiliates during
the related Collection Period to the extent provided to the Certificate Administrator pursuant to this Agreement; and

 

(xxiii)           identification of the commencement of a CCR Consultation Period or a CCR Consultation Termination Period, and of the termination
of a CCR Control Period or CCR Consultation Period.

 

The Depositor, the Servicer,
the Special Servicer, the Trustee, the Certificate Administrator and the Operating Advisor may agree to enhance the reporting requirements
of the Distribution Date Statement without Certificateholder approval, except that no such enhancement shall, unless required by
applicable law, remove any restriction pertaining to the dissemination of Privileged Information (including any Final Asset Status
Report and communications between the Special Servicer and any applicable Consenting Party) without the prior written consent of
such Consenting Party.

 

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Within a reasonable period
of time after the end of each calendar year, the Certificate Administrator shall furnish to each Person who at any time during
the calendar year was a Certificateholder upon written request to the Certificate Administrator, a statement containing the information
set forth in clauses (i), (ii), (iv) and (xix) above as to the applicable Class, aggregated for
such calendar year or applicable portion of such year during which such Person was a Certificateholder, together with such other
information as the Certificate Administrator deems necessary or desirable, or that a Certificateholder or Beneficial Owner of a
Certificate reasonably requests, to enable Certificateholders to prepare their tax returns for such calendar year. Such obligation
of the Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information
shall be provided by the Certificate Administrator pursuant to any requirements of the Code as from time to time are in force.

 

(b)           
The Certificate Administrator shall make the Distribution Date Statement available to Privileged Persons on each Distribution
Date pursuant to Section 8.14(b). The Certificate Administrator’s obligation to provide such information to the
Certificateholders or any other person shall be contingent on the Certificate Administrator’s receipt of such information
from the Servicer and the Special Servicer, as applicable. The Certificate Administrator shall be entitled to rely on such information
provided to it by the Servicer or the Special Servicer without independent verification. To the extent that the information required
to be furnished by the Servicer is based on information required to be provided by the Borrower Restricted Parties or the Special
Servicer, the Servicer’s obligation to furnish such information to the Certificate Administrator shall be contingent on its
receipt of such information from the Borrower Restricted Parties or the Special Servicer, as applicable. To the extent that information
required to be furnished by the Special Servicer is based on information required to be provided by the Borrower Restricted Parties,
the Special Servicer’s obligation to furnish such information shall be contingent upon receipt of its receipt of such information
from the Borrower Restricted Parties. The Servicer, the Special Servicer, the Trustee and the Certificate Administrator shall be
entitled, consistent with Accepted Servicing Practices (in the case of the Servicer and the Special Servicer) and absent negligence
and actual knowledge of an error (in the case of the Trustee and the Certificate Administrator), to rely on information supplied
by any Borrower Restricted Parties without independent verification.

 

The Certificate Administrator
shall, to the extent provided to it by the Servicer in electronic format, make available to Non-Restricted Privileged Persons pursuant
to Section 8.14(b) reports or analyses of net operating income from the Property. Such net operating income reports
or analyses shall be prepared pursuant to Section 3.18 hereof by the Servicer in CREFC® format based
on the quarterly, annual and periodic statements and rent rolls with respect to the Property obtained by the Servicer from the
Borrower Restricted Parties.

 

At the reasonable request
and authorization by the Depositor, the Certificate Administrator may make available on the Certificate Administrator’s Website
to any Non-Restricted Privileged Person certain other information with respect to the Mortgage Loan (subject to the limitations
of Section 3.18) and will provide such information to the 17g-5 Information Provider (who shall post it to the 17g-5
Information Provider’s Website pursuant to Section 8.14(b)).

 

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In addition, the Certificate
Administrator shall make available on the Certificate Administrator’s Website such information as set forth in Section 8.14(b)
herein.

 

4.5          
Investor Q&A Forum; Investor Registry and
Rating Agency Q&A Forum.

 

(a)           The Certificate Administrator shall make the Investor Q&A Forum available to Non-Restricted Privileged Persons only.
The “Investor Q&A Forum” shall be a service available on the Certificate Administrator’s Website,
where Non-Restricted Privileged Persons may (i) submit questions to the Certificate Administrator relating to the Distribution
Date Statement, or submit questions to the Servicer, the Special Servicer or the Operating Advisor, as applicable, relating to
the reports being made available pursuant to Section 8.14(b)(ii)(B), the Mortgage Loan or the Properties (each an “Inquiry”
and collectively, “Inquiries”), and (ii) view Inquiries that have been previously submitted and answered,
together with the answers thereto. Upon receipt of an Inquiry from a Non-Restricted Privileged Person for the Servicer, the Special
Servicer or the Operating Advisor, as applicable, the Certificate Administrator shall forward such Inquiry to the appropriate person
at the Servicer, the Special Servicer or the Operating Advisor, as applicable (as identified to the Certificate Administrator by
the Servicer, the Special Servicer or the Operating Advisor, as applicable), in each case via email within a commercially reasonable
period of time following receipt of such Inquiry. Following receipt of an Inquiry, the Certificate Administrator, the Servicer,
the Special Servicer or the Operating Advisor, as applicable, unless such party determines not to answer such Inquiry as provided
below, shall reply to the Inquiry, which reply of the Servicer, the Special Servicer or the Operating Advisor, as applicable shall
be by email to the Certificate Administrator. The Certificate Administrator shall post (within a commercially reasonable period
of time following preparation or receipt of such answer, as the case may be) such Inquiry and the related answer to the Certificate
Administrator’s Website. If the Certificate Administrator, the Servicer, the Special Servicer or the Operating Advisor, as
applicable, determines, in its respective sole discretion, that (i) any Inquiry is not of a type described above, (ii) answering
any Inquiry would not be in the best interests of the Trust, the Certificateholders and/or any Companion Loan Holder, (iii) answering
any Inquiry would be in violation of applicable law, the Mortgage Loan Documents or this Agreement, (iv) answering the Inquiry
would, or is reasonably expected to, result in the waiver of attorney-client privilege or the disclosure of attorney work product,
(v) answering any Inquiry would materially increase the duties of, or result in significant additional cost or expense to,
the Trustee, the Certificate Administrator, the Servicer, the Special Servicer or the Operating Advisor, as applicable, (vi) answering
any Inquiry would or is reasonably expected to require the disclosure of Privileged Information, or (vii) answering any Inquiry
is otherwise, for any reason, not advisable, it shall not be required to answer such Inquiry and, in the case of the Servicer,
the Special Servicer or the Operating Advisor shall promptly notify the Certificate Administrator of such determination. The Certificate
Administrator shall notify the Person who submitted such Inquiry in the event that the Inquiry shall not be answered. Any notice
by the Certificate Administrator to the Person who submitted an Inquiry that shall not be answered shall include the following
statement: “Because the Trust and Servicing Agreement provides that the Certificate Administrator, the Servicer, the Special
Servicer and the Operating Advisor shall not answer an Inquiry if it determines, in its respective sole discretion, that (i) any
Inquiry is beyond the scope of the topics described in the Trust and Servicing Agreement, (ii) answering any Inquiry would
not be in the best interests of the Trust and/or the Certificateholders, (iii) answering any Inquiry would be in violation
of applicable law, the Mortgage Loan Documents or the Trust and Servicing Agreement,

 

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(iv) answering any Inquiry that would,
or could reasonably be expected to, result in the waiver of attorney-client privilege or the disclosure of attorney work product,
(v) answering any Inquiry would materially increase the duties of, or result in significant additional cost or expense to,
the Certificate Administrator, the Servicer, the Special Servicer or the Operating Advisor, as applicable, (vi) answering
any Inquiry would or is reasonably expected to require the disclosure of Privileged Information, or (vi) answering any Inquiry
is otherwise, for any reason, not advisable, no inference should or may be drawn from the fact that the Certificate Administrator,
the Servicer, the Special Servicer or the Operating Advisor has declined to answer the Inquiry.” Answers posted on the Investor
Q&A Forum shall be attributable only to the respondent, and shall not be deemed to be answers from any of the Depositor, the
Initial Purchasers or any of their respective Affiliates. None of the Initial Purchasers, the Depositor, the Servicer, the Special
Servicer, the Trustee, the Certificate Administrator, the Operating Advisor or any of their respective Affiliates shall certify
to any of the information posted in the Investor Q&A Forum and no such party shall have any responsibility or liability for
the content of any such information. The Certificate Administrator shall not be required to post to the Certificate Administrator’s
Website any Inquiry or answer thereto that the Certificate Administrator determines, in its sole discretion, is administrative
or ministerial in nature. No party shall post or otherwise disclose direct communications with any applicable Consenting Party
or Consulting Party as part of its response to any Inquiries; provided, that the Certificate Administrator shall have no
obligation to review any inquiry or answer received by it for posting to the Investor Q&A Forum to determine if such inquiry
or answer contains any such direct communication with any applicable Consenting Party or Consulting Party, or otherwise to consult
with the party from whom such Inquiry or answer is received to confirm the same, and the Certificate Administrator shall have no
liability in connection with its posting to the Investor Q&A Forum of any Inquiry or answer containing such direct communication.
The Investor Q&A Forum shall not reflect questions, answers and other communications that are not submitted via the Certificate
Administrator’s Website. In addition to the Certificate Administrator’s receipt of the Investor Certification to confirm
that such person is a Non-Restricted Privileged Person, the Certificate Administrator may require acceptance of a waiver and disclaimer
for access to the Investor Q&A Forum.

 

(b)           
The Certificate Administrator shall make the Investor Registry available to any Certificateholder and any Beneficial Owner.
The “Investor Registry” shall be a voluntary service available on the Certificate Administrator’s Website,
where Certificateholders and Beneficial Owners can register and thereafter obtain information with respect to any other Certificateholder
or Beneficial Owner that has so registered. Any person registering to use the Investor Registry shall be required to certify that
(a) it is a Certificateholder or a Beneficial Owner and (b) it grants authorization to the Certificate Administrator
to make its name and contact information available on the Investor Registry for at least 45 days from the date of such certification
to other registered Certificateholders and registered Beneficial Owners. Such Person shall then be asked to enter certain mandatory
fields such as the individual’s name, the company name and email address, as well as certain optional fields such as address,
phone, and Class(es) of Certificates owned. If any Certificateholder or Beneficial Owner notifies the Certificate Administrator
that it wishes to be removed from the Investor Registry (which notice may not be within 45 days of its registration), the
Certificate Administrator shall promptly remove it from the Investor Registry. The Certificate Administrator shall not be responsible
for verifying or validating any information submitted on the Investor Registry, or for monitoring or otherwise

 

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maintaining the
accuracy of any information thereon. The Certificate Administrator may require acceptance of a waiver and disclaimer for access
to the Investor Registry.

 

(c)            
The Distribution Date Statements, CREFC® Reports and any supplemental notices thereto, shall be provided
by the Certificate Administrator to certain market data providers upon the consent of the Depositor, and upon receipt by the Certificate
Administrator from such person of a certification in the form of Exhibit N hereto, which certification may be submitted
electronically. The Depositor hereby consents to the provision of such information to Bloomberg, L.P., BlackRock Financial Management,
Inc., CMBS.com, Inc., Intex Solutions, Inc., Markit Group Limited, Trepp, LLC, KBRA Analytics, LLC and Moody’s Analytics,
Inc., and the provision of such information shall not constitute a breach of this Agreement by the Certificate Administrator.

 

(d)           
The 17g-5 Information Provider shall make available, only to NRSROs (including the Rating Agencies), the Rating Agency Q&A
Forum and Document Request Tool. The “Rating Agency Q&A Forum and Document Request Tool” shall be a service
available on the 17g-5 Information Provider’s Website, where NRSROs may (i) submit inquiries to the Certificate Administrator
relating to the Distribution Date Statement, (ii) submit inquiries to the Servicer or the Special Servicer, as applicable,
relating to the reports prepared by such parties, (iii) submit requests for loan-level reports and information (each such
submission, a “Rating Agency Inquiry”) or (iv) view Rating Agency Inquiries that have been previously submitted
and answered, together with the responses thereto. Upon receipt of a Rating Agency Inquiry for the Servicer, the Special Servicer
or the Certificate Administrator, the 17g-5 Information Provider shall forward the Rating Agency Inquiry to the appropriate person,
in each case within a commercially reasonable period of time following receipt thereof. Following receipt of a Rating Agency Inquiry
from the 17g-5 Information Provider, the Certificate Administrator, the Servicer or the Special Servicer, as applicable, unless
it determines not to answer such Rating Agency Inquiry as provided below, shall reply by email (or other electronic means reasonably
acceptable to the 17g-5 Information Provider and the Servicer or the Special Servicer, as applicable) to the 17g-5 Information
Provider. The 17g-5 Information Provider shall post (within a commercially reasonable period of time following of receipt of such
response) such Rating Agency Inquiry and the related response (or such reports, as applicable) to the Rating Agency Q&A Forum
and Document Request Tool. If the Certificate Administrator, the Servicer or the Special Servicer determines, in its respective
sole discretion, that (i) answering any Rating Agency Inquiry would be in violation of applicable law, the Accepted Servicing
Practices, this Agreement or the Mortgage Loan Documents, (ii) answering any Rating Agency Inquiry would or is reasonably
expected to result in a waiver of an attorney-client privilege with, or the disclosure of attorney work product of, any counsel
engaged by the Servicer, the Special Servicer, the Trustee or the Certificate Administrator, as applicable, or (iii)(A) answering
any Rating Agency Inquiry would materially increase the duties of, or result in significant additional cost or expense to, the
Certificate Administrator, the Servicer or the Special Servicer, as applicable, and (B) the Certificate Administrator, the
Servicer or the Special Servicer, as applicable, determines in accordance with Accepted Servicing Practices (or in good faith,
in the case of the Certificate Administrator) that the performance of such duties or the payment of such costs and expenses is
beyond the scope of its duties in its capacity as Certificate Administrator, Servicer or Special Servicer, as applicable, under
this Agreement, it shall not be required to answer such Rating Agency Inquiry and, in the case of the Certificate Administrator,
the Servicer or the Special

 

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Servicer, shall promptly notify the 17g-5 Information Provider by email (or other electronic means
reasonably acceptable to the 17g-5 Information Provider and the Servicer or the Special Servicer, as applicable) of such determination.
The 17g-5 Information Provider shall promptly thereafter post the Rating Agency Inquiry with the reason it was not answered to
the Rating Agency Q&A Forum and Document Request Tool. The 17g-5 Information Provider shall not be liable for the failure by
any other such Person to so answer. Questions posted on the Rating Agency Q&A Forum and Document Request Tool shall not be
attributed to the submitting NRSRO. Answers posted on the Rating Agency Q&A Forum and Document Request Tool shall be attributable
only to the respondent, and shall not be deemed to be answers from any other person. None of the Initial Purchasers, Depositor,
or any of their respective Affiliates shall certify to any of the information posted in the Rating Agency Q&A Forum and Document
Request Tool and no such party shall have any responsibility or liability for the content of any such information. The 17g-5 Information
Provider shall not be required to post to the 17g-5 Information Provider’s Website any Rating Agency Inquiry or answer thereto
that the 17g-5 Information Provider determines, in its sole discretion, is administrative or ministerial in nature. The Rating
Agency Q&A Forum and Document Request Tool shall not reflect questions, answers and other communications that are not submitted
via the 17g-5 Information Provider’s Website. In addition to the Certificate Administrator’s receipt of the Investor
Certification to confirm that such person is a Non-Restricted Privileged Person, the Certificate Administrator may require acceptance
of a waiver and disclaimer for access to the Rating Agency Q&A Forum and Document Request Tool.

 

5.              
THE CERTIFICATES

 

5.1           The
Certificates. (a)  The
Certificates shall be issued in substantially the respective forms set forth as Exhibits A-1 through A-10
hereto, with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this
Agreement or as may, in the reasonable judgment of the Certificate Registrar, be necessary, appropriate or convenient to
comply, or facilitate compliance, with applicable laws, and may have such letters, numbers or other marks of identification
and such legends or endorsements placed thereon as may be required by-law, or as may, consistently herewith, be determined by
the officers executing such Certificates, as evidenced by their execution thereof.

 

(b)           The Certificates of each Class of Principal Balance Certificates shall be issued in minimum denominations of $100,000 and
integral multiples of $1 in excess of $100,000. The Class X Certificates will be issued, maintained and transferred only in minimum
denominations of authorized initial Notional Amounts of not less than $1,000,000 and in integral multiples of $1 in excess of $1,000,000.
The Class R Certificates shall be issued, maintained and transferred in minimum percentage interests of 10% of such Class R
Certificates and in integral multiples of 1% in excess thereof.

 

(c)           One authorized signatory shall sign the Certificates for the Certificate Registrar by manual or facsimile signature. If
an authorized signatory whose signature is on a Certificate no longer holds that office at the time the Certificate Registrar countersigns
the Certificate, the Certificate shall be valid nevertheless. A Certificate shall not be valid until an authorized signatory of
the Certificate Registrar (who may be the same officer who executed the Certificate) manually countersigns the Certificate. The
signature shall be conclusive evidence that the Certificate has been executed and countersigned under this Agreement.

 

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(d)           [Reserved].

 

5.2          
Form and Registration. (a) The Regular Certificates (other than the Class HRR Certificates) may be sold to Non-U.S.
Securities Persons in offshore transactions in reliance on Regulation S under the Act. Such Certificates of each Class thereof
(other than the Class HRR Certificates) shall initially be represented by a temporary global certificate in definitive, fully registered
form without interest coupons, substantially in the applicable form set forth as an exhibit hereto (each a “Temporary
Regulation S Global Certificate”), which shall be deposited on the Closing Date on behalf of the purchasers of the
Certificates represented thereby with the Certificate Registrar, at its principal trust office, as custodian, for the Depository,
and registered in the name of the Depository or the nominee of the Depository for the account of designated agents holding on behalf
of the Euroclear System (“Euroclear”) and/or Clearstream Banking, Luxembourg (“Clearstream”).
Prior to the expiration of the 40-day period commencing on the later of the commencement of the offering of the Certificates and
the Closing Date (the “Restricted Period”), beneficial interests in each Temporary Regulation S Global Certificate
may be held through Euroclear, Clearstream or any other Depository Participant. After the expiration of the Restricted Period,
a beneficial interest in a Temporary Regulation S Global Certificate may be exchanged for an interest in the related permanent
global certificate of the same Class (a “Regulation S Global Certificate”) in the applicable form set forth
as an exhibit hereto in accordance with the procedures set forth in Section 5.3(f). During the Restricted Period, distributions
due in respect of a beneficial interest in a Temporary Regulation S Global Certificate shall only be made upon delivery to
the Certificate Administrator by Euroclear or Clearstream, as applicable, of a Non-U.S. Beneficial Ownership Certification. After
the expiration of the Restricted Period, distributions due in respect of any beneficial interests in a Temporary Regulation S
Global Certificate shall not be made to the holders of such beneficial interests unless exchange for a beneficial interest in the
Regulation S Global Certificate of the same Class is improperly withheld or refused. The aggregate Certificate Balance or
Notional Amount, as applicable, of a Temporary Regulation S Global Certificate or a Regulation S Global Certificate may
from time to time be increased or decreased by adjustments made on the records of the Certificate Registrar, as custodian for the
Depository, as hereinafter provided.

 

On the Closing Date,
the Certificate Administrator shall execute, the Authenticating Agent shall authenticate, and the Certificate Administrator shall
deliver to the Certificate Registrar the Regulation S Global Certificates, which shall be held by the Certificate Registrar
for purposes of effecting the exchanges contemplated by the preceding paragraph.

 

(b)           The Regular Certificates (other than the Class HRR Certificates) offered and sold to QIBs in reliance on Rule 144A
under the Act (“Rule 144A”) shall, in the case of each Class thereof, be represented by a single, global
certificate in definitive, fully registered form without interest coupons, substantially in the applicable form set forth as an
exhibit hereto (each, a “Rule 144A Global Certificate” and, together with the Temporary Regulation S
Global Certificates and the Regulation S Global Certificates, the “Global Certificates”), which shall be
deposited with the Certificate Registrar or an agent of the Certificate Registrar, as custodian for the Depository, and registered
in the name of the Depository or a nominee of the Depository. The aggregate Certificate Balance or Notional Amount, as applicable,
of a Rule 144A Global Certificate may from time to time be increased or decreased by adjustments made on the records of the
Certificate Registrar, as custodian for the Depository, as hereinafter provided.

 

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(c)            
The Regular Certificates that are initially offered and sold in the United States to investors that are Institutional Accredited
Investors that are not QIBs, the Credit Risk Retention Certificates (during the HRR Interest Transfer Restriction Period) and the
Class R Certificates (collectively, the “Non-Book Entry Certificates”) shall be in the form of Definitive
Certificates, in each case substantially in the applicable form set forth as an exhibit hereto, and shall be registered in the
name of such investors or their nominees by the Certificate Registrar who shall deliver the certificates for such Non-Book Entry
Certificates (other than the Credit Risk Retention Certificates) to the respective beneficial owners or owners.

 

(d)           
Owners of beneficial interests in Global Certificates of any Class shall not be entitled to receive physical delivery of
certificated Certificates unless: (i) the Depositor advises the Certificate Registrar in writing that the Depository is no
longer willing or able to discharge properly its responsibilities or continue as depository with respect to the Global Certificates
of such Class or ceases to be a Clearing Agency, and the Certificate Registrar and the Depositor are unable to locate and appoint
a qualified successor within 90 days of such notice or (ii) the Trustee has instituted or has been directed to institute
any judicial proceeding in a court to enforce the rights of the Certificateholders and the Trustee has been advised by counsel
that in connection with such proceeding it is necessary or appropriate for the Trustee to obtain possession of the related Certificates;
provided, however, that under no circumstances shall Definitive Certificates be issued to beneficial owners of a
Temporary Regulation S Global Certificate. Upon notice of the occurrence of any of the events described in clause (i)
or (ii) above with respect to any Certificates of a Class that are in the form of Global Certificates and upon surrender
by the Depository of any Global Certificate of such Class and receipt from the Depository of instructions for reregistration, the
Certificate Registrar shall issue Certificates of such Class in the form of Definitive Certificates (bearing, in the case of a
Definitive Certificate issued for a Rule 144A Global Certificate, the same legends regarding transfer restrictions borne by
such Global Certificate), and thereafter the Certificate Registrar shall recognize the holders of such Definitive Certificates
as Certificateholders under this Agreement.

 

(e)            
If any Beneficial Owner wishes to transfer its interest in a Rule 144A Global Certificate to an Institutional Accredited
Investor that is not a Qualified Institutional Buyer, or wishes to transfer its interest in a Regulation S Global Certificate
to a “U.S. person” (as that term is defined in Rule 902(k) under the Securities Act) that is an Institutional
Accredited Investor but not a Qualified Institutional Buyer, then the transferee shall take delivery in the form of a Non-Book
Entry Certificate, subject to the restrictions on the transfer of such Non-Book Entry Certificate in Section 5.3(h)
of this Agreement. No such transfer shall be made and the Certificate Registrar shall not register any such transfer unless such
transfer complies with the provisions of Section 5.3(h) of this Agreement applicable to transfers of Non-Book Entry
Certificates. Upon acceptance for exchange or transfer of a beneficial interest in a Global Certificate for a Non-Book Entry Certificate,
as provided herein, the Certificate Registrar shall endorse on the schedule affixed to the related Global Certificate (or on a
continuation of such schedule affixed to such Global Certificate and made a part thereof) an appropriate notation evidencing the
date of such exchange or transfer and a decrease in the denomination of such Global Certificate equal to the denomination of such
Non-Book Entry Certificate issued in exchange therefor or upon transfer thereof.

 

(f)            
During the HRR Interest Transfer Restriction Period, any Credit Risk Retention Certificate shall only be held as a Definitive
Certificate in the Credit Risk Retention

 

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Certificate Safekeeping Account by the Certificate Administrator (and each Retaining Party’s
respective interest shall be tracked in the form of an entry in the Certificate Administrator’s trust accounting system under
the Credit Risk Retention Certificate Safekeeping Account), for the benefit of the Holder of the related Certificate. The Certificate
Administrator shall hold each Credit Risk Retention Certificate in safekeeping and shall release the same only upon receipt of
a written direction signed by each of the Retaining Sponsor and the Holder of such Certificate, and in accordance with any authentication
procedures as may be utilized by the Certificate Administrator and in accordance with this Agreement. There shall be, and hereby
is, established by the Certificate Administrator an account which will be designated the “Credit Risk Retention Certificate
Safekeeping Account” and in which each Credit Risk Retention Certificate shall be held and which shall be governed by
and subject to this Agreement. In addition, on and after the date hereof, the Certificate Administrator may establish any number
of subaccounts to the Credit Risk Retention Certificate Safekeeping Account for each applicable Retaining Party. Each Credit Risk
Retention Certificate to be delivered in physical form to the Certificate Administrator shall be delivered as set forth herein.
Upon receipt by the Certificate Administrator of any Credit Risk Retention Certificate in connection with the initial issuance
thereof and, for so long as the Credit Risk Retention Certificates are held in the Credit Risk Retention Certificate Safekeeping
Account by the Certificate Administrator pursuant to this Agreement, upon any transfer or exchange pursuant to this Article
5 of any Credit Risk Retention Certificate, the Certificate Administrator shall deliver to the related Retaining Party a receipt
in the form set forth in Exhibit R. No amounts distributable with respect to any Credit Risk Retention Certificate shall
be remitted to the Credit Risk Retention Certificate Safekeeping Account, but instead shall be remitted directly to the applicable
Retaining Party in accordance with written instructions provided separately on the Closing Date (and any updates to such written
instructions provided from time to time) by such Retaining Party to the Certificate Administrator. Under no circumstances by virtue
of safekeeping any Credit Risk Retention Certificate shall the Certificate Administrator be obligated to bring legal action or
institute proceedings against any Person on behalf of any of the applicable Retaining Parties. During the HRR Interest Transfer
Restriction Period and for such longer time as the related Retaining Party may request, the Certificate Administrator shall hold
each individual Credit Risk Retention Certificate at the below location, or any other location; provided the Certificate
Administrator has given notice to each of the Retaining Parties of such new location:

 

Computershare Trust
Company, National Association

Attn: Security Control and Transfer (SCAT)

425 E. Hennepin Avenue

Minneapolis, Minnesota 55414

 

As regards the Credit
Risk Retention Certificates held thereby, the Certificate Administrator shall make available to each applicable Retaining Party
its respective account information as mutually agreed upon by the Certificate Administrator and such Retaining Party, and in accordance
with the Certificate Administrator’s policies and procedures. Any transfer of a Credit Risk Retention Certificate shall be
subject to this Article 5. During the HRR Interest Transfer Restriction Period, unless the Retaining Sponsor and the Depositor
otherwise consent in writing, the Certificate Administrator shall not permit any Person to copy (other than for internal purposes),
and shall not itself provide to any Person copies of, the executed Credit Risk Retention Certificates held by it in the Credit
Risk Retention Certificate Safekeeping Account.

 

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After the release of
any Credit Risk Retention Certificates pursuant to this Section Article 5, the Certificate Administrator shall have no liability
or obligation with respect to the safekeeping of such released Credit Risk Retention Certificates, provided that such Credit Risk
Retention Certificates were held and released in accordance with the terms of this Agreement.

 

(g)           
To the extent that the aggregate value of the HRR Interest is in excess of the amount or percentage of risk retention required
pursuant to the U.S. Credit Risk Retention Rules, such excess portion of such HRR Interest shall nevertheless be deemed to be subject
to the requirements of the U.S. Credit Risk Retention Rules and such excess portion of such HRR Interest shall be subject to all
of the provisions in this Agreement applicable to such HRR Interest including, without limitation, the provisions of this Article
5.

 

5.3          
Registration of Transfer and Exchange of Certificates. (a) The Certificate Administrator shall keep or cause to be
kept at the Corporate Trust Office books (the “Certificate Register”) in which, subject to such reasonable regulations
as it may prescribe, the Certificate Administrator shall provide for the registration of Certificates and of transfers and exchanges
of Certificates as herein provided (the Certificate Administrator, in such capacity, being the “Certificate Registrar”).
In such capacities, the Certificate Administrator shall be responsible for, among other things, (i) maintaining the Certificate
Register and a record of the aggregate holdings of Regular Certificates of each Class thereof represented by a Temporary Regulation S
Global Certificate, a Regulation S Global Certificate and a Rule 144A Global Certificate, respectively, and accepting
Certificates for exchange and registration of transfer and (ii) transmitting to the Trustee, the Depositor, the Servicer and
the Special Servicer any notices from the Certificateholders. In its capacity as Certificate Registrar, the Certificate Administrator
shall be responsible for, among other things, holding each Credit Risk Retention Certificate as a Definitive Certificate on behalf
of the Holder of such Certificate in accordance with Section 5.2(f).

 

(b)           
Subject to the restrictions on transfer set forth in this Article 5, upon surrender for registration of transfer
of any Certificate, the Certificate Registrar shall execute, authenticate and deliver, in the name of the designated transferee
or transferees, one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class. No
transfer of any Certificate shall be made unless that transfer is made pursuant to an effective registration statement under the
Act, and effective registration or qualification under applicable state securities laws, or is made in a transaction which does
not require such registration or qualification.

 

(c)            
Rule 144A Global Certificate to Temporary Regulation S Global Certificate. If a holder of a beneficial
interest in the Rule 144A Global Certificate deposited with the Certificate Registrar as custodian for the Depository wishes
at any time to exchange its interest in such Rule 144A Global Certificate for an interest in the Temporary Regulation S
Global Certificate of the same Class, or to transfer its interest in such Rule 144A Global Certificate to a Person who is
required to take delivery thereof in the form of an interest in the Temporary Regulation S Global Certificate of the same
Class, such holder may, subject to the rules and procedures of the Depository, exchange or cause the exchange of such interest
for an equivalent beneficial interest in such Temporary Regulation S Global Certificate. Upon receipt by the Certificate Registrar,
as registrar, at its office designated in Section 5.7 hereof, of (1) instructions given in accordance with the
Depository’s procedures from a Depository Participant directing the

 

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Certificate Administrator to credit, or cause to be credited,
a beneficial interest in the Temporary Regulation S Global Certificate in an amount equal to the beneficial interest in the
Rule 144A Global Certificate to be exchanged, (2) a written order given in accordance with the Depository’s procedures
containing information regarding the Euroclear or Clearstream account to be credited with such increase and the name of such account
and (3) a certificate in the form of Exhibit C hereto given by the holder of such beneficial interest stating
that the transfer of such interest has been made in compliance with the transfer restrictions applicable to the Global Certificates
and pursuant to and in accordance with Regulation S, then the Certificate Registrar shall instruct the Depository to reduce,
or cause to be reduced, the Certificate Balance or Notional Amount, as applicable, of the Rule 144A Global Certificate and
to increase, or cause to be increased, the Certificate Balance or Notional Amount, as applicable, of the Temporary Regulation S
Global Certificate by the aggregate Certificate Balance or Notional Amount, as applicable, of the beneficial interest in the Rule 144A
Global Certificate to be exchanged, to credit or cause to be credited to the account of the Person specified in such instructions
(who shall be the agent member of Euroclear or Clearstream, or both) a beneficial interest in the Temporary Regulation S Global
Certificate equal to the reduction in the Certificate Balance or Notional Amount, as applicable, of the Rule 144A Global Certificate,
and to debit, or cause to be debited, from the account of the Person making such exchange or transfer the beneficial interest in
the Rule 144A Global Certificate that is being exchanged or transferred.

 

(d)           
Rule 144A Global Certificate to Regulation S Global Certificate. If a holder of a beneficial interest in
the Rule 144A Global Certificate deposited with the Certificate Registrar as custodian for the Depository wishes at any time
to exchange its interest in such Rule 144A Global Certificate for an interest in the Regulation S Global Certificate
of the same Class, or to transfer its interest in such Rule 144A Global Certificate to a Person who is required to take delivery
thereof in the form of an interest in a Regulation S Global Certificate, such holder may, subject to the rules and procedures
of the Depository, exchange, or cause the exchange of, such interest for an equivalent beneficial interest in such Regulation S
Global Certificate. Upon receipt by the Certificate Administrator, as registrar, at its office designated in Section 5.7
hereof, of (1) instructions given in accordance with the Depository’s procedures from a Depository Participant directing
the Certificate Registrar to credit or cause to be credited a beneficial interest in the Regulation S Global Certificate in
an amount equal to the beneficial interest in the Rule 144A Global Certificate to be exchanged, (2) a written order given
in accordance with the Depository’s procedures containing information regarding the participant account of the Depository
to be credited with such increase and (3) a certificate in the form of Exhibit D hereto given by the holder of
such beneficial interest stating (A) that the transfer of such interest has been made in compliance with the transfer restrictions
applicable to the Global Certificates and pursuant to and in accordance with Regulation S, (B) that the Certificate being
transferred is not a “restricted security” as defined in Rule 144 under the Act or (C) that the transferee
is otherwise entitled to hold its interest in the applicable Certificates in the form of an interest in the Regulation S Global
Certificate, without any registration of such Certificates under the Act (in which case such certificate shall enclose an Opinion
of Counsel to such effect and such other documents as the Certificate Registrar may reasonably require), then the Certificate Registrar
shall instruct the Depository to reduce, or cause to be reduced, the Certificate Balance or Notional Amount, as applicable, of
the Rule 144A Global Certificate and to increase, or cause to be increased, the Certificate Balance or Notional Amount, as
applicable, of the Regulation S Global Certificate by the aggregate Certificate Balance or Notional Amount, as applicable,
of the beneficial interest in

 

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the Rule 144A Global Certificate to be exchanged, to credit or cause to be credited to the account
of the Person specified in such instructions a beneficial interest in the Regulation S Global Certificate equal to the reduction
in the Certificate Balance or Notional Amount, as applicable, of the Rule 144A Global Certificate, and to debit, or cause
to be debited, from the account of the Person making such exchange or transfer the beneficial interest in the Rule 144A Global
Certificate that is being exchanged or transferred.

 

(e)            
Temporary Regulation S Global Certificate or Regulation S Global Certificate to Rule 144A Global Certificate.
If a holder of a beneficial interest in a Temporary Regulation S Global Certificate or Regulation S Global Certificate
deposited with the Certificate Registrar as custodian for the Depository wishes at any time to exchange its interest in such Temporary
Regulation S Global Certificate or Regulation S Global Certificate for an interest in the Rule 144A Global Certificate
of the same Class, or to transfer its interest in such Temporary Regulation S Global Certificate or Regulation S Global
Certificate to a Person who is required to take delivery thereof in the form of an interest in the Rule 144A Global Certificate,
such holder may, subject to the rules and procedures of Euroclear or Clearstream, as the case may be, and the Depository, exchange
or cause the exchange of such interest for an equivalent beneficial interest in the Rule 144A Global Certificate of the same
Class. Upon receipt by the Certificate Administrator, as registrar, at its office designated in Section 5.7 hereof,
of (1) instructions from Euroclear or Clearstream, if applicable, and the Depository, directing the Certificate Registrar,
as registrar, to credit or cause to be credited a beneficial interest in the Rule 144A Global Certificate equal to the beneficial
interest in the Temporary Regulation S Global Certificate or Regulation S Global Certificate to be exchanged, such instructions
to contain information regarding the participant account with the Depository to be credited with such increase, (2) with respect
to a transfer of an interest in the Regulation S Global Certificate, information regarding the participant account of the
Depository to be debited with such decrease and (3) with respect to a transfer of an interest in the Temporary Regulation S
Global Certificate (but not the Regulation S Global Certificate) for an interest in the Rule 144A Global Certificate,
a certificate in the form of Exhibit E hereto given by the holder of such beneficial interest and stating that the
Person transferring such interest in the Temporary Regulation S Global Certificate reasonably believes that the Person acquiring
such interest in the Rule 144A Global Certificate is a QIB and is obtaining such beneficial interest in a transaction meeting
the requirements of Rule 144A, then the Certificate Registrar shall instruct the Depository to reduce, or cause to be reduced,
the Certificate Balance or Notional Amount, as applicable, of the Temporary Regulation S Global Certificate or Regulation S
Global Certificate and to increase, or cause to be increased, the Certificate Balance or Notional Amount, as applicable, of the
Rule 144A Global Certificate by the aggregate Certificate Balance or Notional Amount, as applicable, of the beneficial interest
in the Temporary Regulation S Global Certificate or Regulation S Global Certificate to be exchanged, and the Certificate
Registrar shall instruct the Depository, concurrently with such reduction, to credit, or cause to be credited, to the account of
the Person specified in such instructions, a beneficial interest in the Rule 144A Global Certificate equal to the reduction
in the Certificate Balance or Notional Amount, as applicable, of the Temporary Regulation S Global Certificate or Regulation S
Global Certificate and to debit, or cause to be debited, from the account of the Person making such transfer the beneficial interest
in the Temporary Regulation S Global Certificate or Regulation S Global Certificate that is being transferred.

 

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(f)            
Temporary Regulation S Global Certificate to Regulation S Global Certificate. Interests in a Temporary
Regulation S Global Certificate as to which the Certificate Registrar has received from Euroclear or Clearstream, as the case
may be, a certificate (a “Non-U.S. Beneficial Ownership Certification”) to the effect that Euroclear or Clearstream,
as applicable, has received a certificate substantially in the form of Exhibit F hereto from the holder of a beneficial
interest in such Temporary Regulation S Global Certificate, shall be exchanged after the Restricted Period, for interests
in the Regulation S Global Certificate of the same Class. The Certificate Registrar shall effect such exchange by delivering
to the Depository for credit to the respective accounts of such holders, a duly executed and authenticated Regulation S Global
Certificate, representing the aggregate Certificate Balance or Notional Amount, as applicable, of interests in the Temporary Regulation S
Global Certificate initially exchanged for interests in the Regulation S Global Certificate. The delivery to the Certificate
Registrar by Euroclear or Clearstream of the certificate or certificates referred to above may be relied upon by the Depositor
and the Certificate Registrar as conclusive evidence that the certificate or certificates referred to therein has or have been
delivered to Euroclear or Clearstream pursuant to the terms of this Agreement and the Temporary Regulation S Global Certificate.
Upon any exchange of interests in the Temporary Regulation S Global Certificate for interests in the Regulation S Global
Certificate, the Certificate Registrar shall endorse the Temporary Regulation S Global Certificate to reflect the reduction
in the Certificate Balance or Notional Amount, as applicable, represented thereby by the amount so exchanged and shall endorse
the Regulation S Global Certificate to reflect the corresponding increase in the amount represented thereby. Until so exchanged
in full and except as provided therein, the Temporary Regulation S Global Certificate, and the Certificates evidenced thereby,
shall in all respects be entitled to the same benefits under this Agreement as the Regulation S Global Certificate and Rule 144A
Global Certificate authenticated and delivered hereunder.

 

(g)           
Non-Book Entry Certificate to Global Certificate. If a Holder of a Non-Book Entry Certificate (other than (a) any
Credit Risk Retention Certificate during the HRR Interest Transfer Restriction Period or (b) a Class R Certificate) wishes
at any time to exchange its interest in such Non-Book Entry Certificate for an interest in a Global Certificate of the same Class,
or to transfer all or part of such Non-Book Entry Certificate to a Person who is entitled to take delivery thereof in the form
of an interest in a Global Certificate, such Holder may, subject to the rules and procedures of Euroclear or Clearstream, if applicable,
and the Depository, cause the exchange of all or part of such Non-Book Entry Certificate for an equivalent beneficial interest
in the appropriate Global Certificate of the same Class. Upon receipt by the Certificate Registrar, as registrar, at its office
designated in Section 5.7 hereof, of (1) such Non-Book Entry Certificate, duly endorsed as provided herein, (2) instructions
from such Holder directing the Certificate Registrar, as registrar, to credit, or cause to be credited, a beneficial interest in
the applicable Global Certificate equal to the portion of the Certificate Balance or Notional Amount, as applicable, of the Non-Book
Entry Certificate to be exchanged, such instructions to contain information regarding the participant account with the Depository
to be credited with such increase and (3) a certificate in the form of Exhibit G-1 hereto (in the event that the
applicable Global Certificate is the Temporary Regulation S Global Certificate), in the form of Exhibit G-2 hereto
(in the event that the applicable Global Certificate is the Regulation S Global Certificate) or in the form of Exhibit G-3
hereto (in the event that the applicable Global Certificate is the Rule 144A Global Certificate), then the Certificate Registrar,
as registrar, shall cancel, or cause to be canceled, all or part of such Non-Book Entry Certificate, shall, if applicable, execute,
authenticate and

 

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deliver to the transferor a new Non-Book Entry Certificate equal to the aggregate Certificate Balance or Notional
Amount, as applicable, of the portion retained by such transferor and shall instruct the Depository to increase, or cause to be
increased, such Global Certificate by the aggregate Certificate Balance or Notional Amount, as applicable, of the portion of the
Non-Book Entry Certificate to be exchanged and to credit, or cause to be credited, to the account of the Person specified in such
instructions a beneficial interest in the applicable Global Certificate equal to the Certificate Balance or Notional Amount, as
applicable, of the portion of the Non-Book Entry Certificate so canceled.

 

(h)           
Global Certificate to Non-Book Entry Certificate. If a holder of a Rule 144A Global Certificate or Regulation S Global
Certificate wishes at any time to transfer its interest in such Rule 144A Global Certificate or Regulation S Global Certificate
to a Person who is required to take delivery thereof in the form of a Non Book Entry Certificate, then the Certificate Registrar
shall refuse to register such transfer unless it receives (and upon receipt, may conclusively rely upon): (i) an investment representation
letter from the proposed transferee substantially in the form attached as Exhibit H-2 to this Agreement; and (ii) if required
by the Certificate Registrar, an opinion of counsel satisfactory to the Certificate Registrar to the effect that such transfer
shall be made without registration under the Securities Act, together with the written certification(s) as to the facts surrounding
such transfer from the Certificateholder desiring to effect such transfer and/or the proposed transferee on which such opinion
of counsel is based (such opinion of counsel shall not be an expense of the Trust or of the Depositor, the Servicer, the Special
Servicer, the Certificate Administrator, the Trustee or the Certificate Registrar in their respective capacities as such).

 

(i)             
Exchanges of Definitive Certificates. Certificates in the form of Definitive Certificates may not be transferred
unless: (i) (x) the Certificate Registrar received (A) other than in connection with the initial issuance of a Non-Book
Entry Certificate or the transfer of any such Non-Book Entry Certificate by the Depositor, an Initial Purchaser or the Retaining
Sponsor in connection with the initial offering of the Certificates, (1) a certificate from the proposed transferor substantially
in the form attached as Exhibit H-1 to this Agreement and (2) an investment representation letter from the proposed
transferee substantially in the form attached as Exhibit H-2 to this Agreement or (B) an opinion of counsel satisfactory
to the Certificate Registrar to the effect that such transfer may be made without registration under the Act, together with the
written certification(s) as to the facts surrounding such transfer from the Certificateholder desiring to effect such transfer
and/or the proposed transferee on which such opinion of counsel is based (which opinion of counsel shall not be an expense of the
Trust or of the Depositor, the Servicer, the Special Servicer, the Certificate Administrator, the Trustee or the Certificate Registrar
in their respective capacities as such) and (y) in the case of a transfer of any Credit Risk Retention Certificate, the conditions
set forth in Section 5.3(j) below are satisfied; or (ii) such transfer is otherwise in accordance with such procedures
as are substantially consistent with the provisions of clause (g) above (including the certification requirements intended
to ensure that such transfers comply with Rule 144A or, except in the case of a transfer of Class R Certificates, Regulation S
under the Act, as the case may be) and such other procedures as may from time to time be adopted by the Certificate Registrar.

 

(j)             
Transfers of Certificates Constituting the HRR Interest. At all times during the HRR Interest Transfer Restriction
Period, if a transfer of any Credit Risk Retention Certificate

 

 

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is to be made (other than in connection with the transfers on the
Closing Date from the Depositor to the Mortgage Loan Sellers or the Initial Purchasers or from the Initial Purchasers to the Third
Party Purchaser), then the Certificate Registrar shall refuse to register such transfer unless it receives (and, upon receipt,
may conclusively rely upon): (i) a certification from such Certificateholder’s prospective Transferee substantially in the
form attached hereto as Exhibit H-5, which such certification must (1) be countersigned by the applicable Retaining Party
and the Retaining Sponsor (if different than the applicable Retaining Party) and (2) include a medallion stamp guarantee of such
Retaining Party; (ii) a certification from the Certificateholder desiring to effect such transfer substantially in the form attached
hereto as Exhibit H-6, which such certification must (1) be countersigned by the applicable Retaining Party (if different
than the transferor) and the Retaining Sponsor (if different than the transferor and the applicable Retaining Party) and (2) include
a medallion stamp guarantee of such Retaining Party; (iii) an IRS Form W-9 or IRS Form W-8 completed by the prospective Transferee;
and (iv) wire instructions and contact information of the prospective Transferee. Upon receipt of the foregoing certifications,
the Certificate Registrar shall, subject to Section 5.2(f), Section 5.3(a), Section 5.3(i), the following
provisions of this Section 5.3(j), and Section 5.3(n), reflect such Credit Risk Retention Certificate in the name
of the prospective Transferee, and shall deliver a receipt in the form set forth in Exhibit R to the Transferee with a copy
via email to each of the Retaining Sponsor and the transferor. In no event shall a Credit Risk Retention Certificate be held as
a Global Certificate during the HRR Interest Transfer Restriction Period. Any transfer of an interest in any Credit Risk Retention
Certificate that is not in compliance with this Section 5.3 shall be null and void ab initio to the extent permitted under
applicable law.

 

(k)           
Restricted Period. Prior to the termination of the Restricted Period with respect to the issuance of the Certificates, transfers
of interests in the Temporary Regulation S Global Certificate to U.S. persons (as defined in Regulation S) shall be limited
to transfers made pursuant to the provisions of clause (e) above.

 

(l)             
If Certificates are issued upon the transfer, exchange or replacement of Certificates bearing a restrictive legend relating
to compliance with the Act, or if a request is made to remove such legend on Certificates, the Certificates so issued shall bear
the restrictive legend, or such legend shall not be removed, as the case may be, unless there is delivered to the Certificate Registrar
such satisfactory evidence, which may include an Opinion of Counsel that neither such legend nor the restrictions on transfer set
forth therein are required to ensure that transfers thereof comply with the provisions of Rule 144A, Rule 144 or Regulation S
under the Act, the U.S. Credit Risk Retention Rules or, with respect to Non-Book Entry Certificates, that such Certificates are
not “restricted” within the meaning of Rule 144 under the Act. Upon provision of such satisfactory evidence, the
Certificate Registrar shall authenticate and deliver Certificates that do not bear such legend.

 

(m)            
All Certificates surrendered for registration of transfer and exchange shall be canceled and subsequently destroyed by the
Certificate Registrar in accordance with the Certificate Registrar’s customary procedures.

 

(n)           
No Class R Certificate or any interest therein may be purchased by or transferred to any prospective purchaser or transferee
that is or will be an employee benefit plan or other plan subject to the fiduciary responsibility provisions of ERISA or Section 4975
of the

 

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Code (each, a “Plan”), or any person acting on behalf of any such Plan or using the assets of a Plan
to purchase such Certificate. In addition, no ERISA Restricted Certificate or interest therein may be purchased by or transferred
to any prospective purchaser or transferee that is or will be a Plan, or to any Person acting on behalf of any such Plan or using
the assets of a Plan to purchase such ERISA Restricted Certificate or interest therein, unless (i) such purchaser or transferee
is an insurance company, (ii) the source of funds used to acquire or hold such ERISA Restricted Certificate or interest therein
is an “insurance company general account,” as such term is defined in PTCE 95-60, and (iii) the conditions in Sections
I and III of PTCE 95-60 have been satisfied. Furthermore, no Certificate or any interest therein may be purchased by or transferred
to any prospective purchaser or transferee that is or will be a governmental plan (as defined in Section 3(32) of ERISA) or other
plan that is subject to any federal, state or local law that is, to a material extent, similar to Section 406 of ERISA or Code
Section 4975 (“Similar Law”), or to any Person acting on behalf of any such plan or using the assets of
such plan to acquire such Certificate if its acquisition, holding and disposition of such Certificate would constitute or otherwise
result in a non-exempt violation of Similar Law. Except in connection with the initial transfer thereof by the Depositor, an Initial
Purchaser or the Retaining Sponsor (provided that, in the case of the Retaining Sponsor, such exception shall apply only with respect
to the transfer thereof on the Closing Date), each prospective transferee of a Definitive Certificate shall deliver to the transferor,
the Certificate Registrar and the Trustee a representation letter, substantially in the form of Exhibit J. Each beneficial
owner of a Certificate or any interest therein will be deemed to have represented, by virtue of its acquisition or holding of such
Certificate or interest therein, that either (i) it is not a Plan or a Person acting on behalf of or using assets of a Plan,
(ii) in the case of a Certificate other than a Class R Certificate or an ERISA Restricted Certificate, it has acquired
and is holding the Certificates in reliance on the Underwriter Exemption, and that it understands that there are certain conditions
to the availability of the Underwriter Exemption, including that the Certificates must be rated, at the time of purchase, not lower
than “BBB-” (or its equivalent) by a credit rating agency which meets the requirements of the Underwriter Exemption
and that such Certificate is so rated and that it is an “accredited investor” as defined in Rule 501(a)(1) of
Regulation D of the Commission under the Securities Act, or (iii) in the case of an ERISA Restricted Certificate, (1) it
is an insurance company, (2) the source of funds used to acquire or hold the Certificate or interest therein is an “insurance
company general account,” as such term is defined in PTCE 95-60, and (3) the conditions in Sections I and III of PTCE
95-60 have been satisfied. Each beneficial owner of a Certificate or an interest therein which is a governmental plan (as defined
in Section 3(32) of ERISA) or other plan subject to Similar Law shall be deemed to have represented, by virtue of its acquisition
or holding of such Certificate or interest therein that the acquisition, holding and disposition of such Certificate by the purchaser
will not constitute or otherwise result in a non-exempt violation of Similar Law. Any attempted or purported transfer in violation
of these transfer restrictions shall be null and void ab initio and shall vest no rights in any purported transferee and shall
not relieve the transferor of any obligations with respect to the applicable Certificates.

 

(o)           
[Reserved].

 

(p)           
Each Person who has or acquires any Residual Ownership Interest shall be deemed by the acceptance or acquisition of such
Residual Ownership Interest to have agreed to be bound by the following provisions and the rights of each Person acquiring any
Residual Ownership Interest are expressly subject to the following provisions:

 

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(i)        Each
Person acquiring or holding any Residual Ownership Interest shall be a Permitted Transferee and shall not acquire or hold such
Residual Ownership Interest as agent (including a broker, nominee or other middleman) on behalf of any Person that is not a Permitted
Transferee. Any such Person shall promptly notify the Certificate Registrar of any change or impending change in its status (or
the status of the beneficial owner of such Residual Ownership Interest) as a Permitted Transferee. Any acquisition of a Residual
Ownership Interest by a Person who is not a Permitted Transferee or by a Person who is acting as an agent of a Person who is not
a Permitted Transferee shall be void ab initio and of no effect, and the immediately preceding owner who was a Permitted Transferee
shall be restored to registered and beneficial ownership of the Residual Ownership Interest as soon and as fully as possible.

 

(ii)       No
Residual Ownership Interest may be transferred, and no such transfer shall be registered in the Certificate Register, without
the express written consent of the Certificate Registrar, and the Certificate Registrar shall not recognize the transfer, and
such proposed transfer shall not be effective, without such consent with respect thereto. In connection with any proposed transfer
of any Residual Ownership Interest, other than in connection with the initial transfer thereof to the Initial Purchasers and any
subsequent transfer thereof by the Initial Purchasers to any of their Affiliates, the Certificate Registrar shall, as a condition
to such consent, (x) require the proposed transferee to deliver, and the proposed transferee shall deliver to the Certificate
Registrar and to the proposed transferor, an affidavit (or, solely in connection with the initial issuance of such Residual Ownership
Interest, a certification) in substantially the form attached as Exhibit I-1 (a “Transferee Affidavit”)
of the proposed transferee (A) that such proposed transferee is a Permitted Transferee and (B) stating that (1) the proposed transferee
historically has paid its debts as they have come due and intends to do so in the future, (2) the proposed transferee understands
that, as the holder of a Residual Ownership Interest, it may incur liabilities in excess of cash flows generated by the residual
interest, (3) the proposed transferee intends to pay taxes associated with holding the Residual Ownership Interest as they become
due, (4) the proposed transferee shall not cause income with respect to the Residual Ownership Interest to be attributable to
a foreign permanent establishment or fixed base, within the meaning of an applicable income tax treaty, of such proposed transferee
or any other U.S. Tax Person, (5) the proposed transferee shall not transfer the Residual Ownership Interest to any Person that
does not provide a Transferee Affidavit or as to which the proposed transferee has actual knowledge that such Person is not a
Permitted Transferee or is acting as an agent (including a broker, nominee or other middleman) for a Person that is not a Permitted
Transferee, and (6) the proposed transferee expressly agrees to be bound by and to abide by the provisions of this Section
5.3(p) and (y) other than in connection with the initial issuance of a Class R Certificate, require a statement from the proposed
transferor substantially in the form attached as Exhibit I-2 (the “Transferor Letter”), that the proposed transferor
has no actual knowledge that the proposed transferee is not a Permitted Transferee and has no actual knowledge or reason to know
that the proposed transferee’s statements in the preceding clauses (x)(B)(1) or (3) are false.

 

(iii)      Notwithstanding
the delivery of a Transferee Affidavit by a proposed transferee under clause (ii) above, if a Responsible Officer of the
Certificate Registrar has actual knowledge that the proposed transferee is not a Permitted Transferee, no transfer to 

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such proposed
transferee shall be effected and such proposed transfer shall not be registered on the Certificate Register; provided,
however, the Certificate Registrar shall not be required to conduct any independent investigation to determine whether
a proposed transferee is a Permitted Transferee. Upon notice to the Certificate Registrar that there has occurred a transfer to
any Person that is a Disqualified Organization or an agent thereof (including a broker, nominee or middleman) in contravention
of the foregoing restrictions, and in any event not later than 60 days after a request for information from the transferor of
such Residual Ownership Interest or such agent, the Certificate Registrar and the Certificate Administrator agree to furnish to
the IRS and the transferor of such Residual Ownership Interest or such agent such information necessary to the application of
Section 860E(e) of the Code as may be required by the Code, including, but not limited to, the present value of the total anticipated
excess inclusions with respect to such Class R Certificate (or portion thereof) for periods after such transfer. At the election
of the Certificate Registrar, the Certificate Registrar may charge a reasonable fee for computing and furnishing such information
to the transferor or to such agent referred to above; provided, however, such Persons shall in no event be excused
from furnishing such information.

 

(iv)      The
Class R Certificates may only be issued as Definitive Certificates, and transferred to and owned by QIBs. Any transfer of a Class
R Certificate that results in a violation of this Section 5.3(p) will be void ab initio.

 

5.4       Mutilated,
Destroyed, Lost or Stolen Certificates. If (a) any mutilated Certificate is surrendered to the Certificate Registrar, or the
Certificate Registrar receives evidence to its satisfaction of the destruction, loss or theft of any Certificate and (b) there
is delivered to the Certificate Registrar such security or indemnity as may be required by it to save it harmless, then, in the
absence of actual notice to the Certificate Registrar that such Certificate has been acquired by a bona fide purchaser, the Certificate
Registrar shall execute, authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen
Certificate, a new Certificate of like tenor and interest in the Trust Fund. In connection with the issuance of any new Certificate
under this Section 5.4, the Certificate Registrar may require the payment of a sum sufficient to cover any expenses (including
the fees and expenses of the Certificate Registrar) connected therewith. Any replacement Certificate issued pursuant to this Section
5.4 shall constitute complete and indefeasible evidence of ownership in the Trust Fund, as if originally issued, whether or
not the lost, stolen or destroyed Certificate shall be found at any time.

 

5.5       Persons
Deemed Owners. The Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor and the
Certificate Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered as the owner
of such Certificate for the purpose of receiving distributions as provided in this Agreement and for all other purposes whatsoever,
and none of the Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor, the Certificate
Registrar or any agent of any of them shall be affected by any notice to the contrary; provided, however, that to
the extent that a party to this Agreement responsible for distributing any report, statement or other information required to
be distributed to Certificateholders has been provided with an Investor Certification substantially in the form of Exhibit
K-1 from a Non-Restricted Privileged Person (including a

 

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 Beneficial Owner or prospective transferee), such party to this Agreement shall
distribute such report, statement or other information to such Non-Restricted Privileged Person.

 

5.6       Access
to List of Certificateholders’ Names and Addresses; Special
Notices. The Certificate Registrar shall maintain in as current a form as is reasonably practicable the most
recent list available to it of the names and addresses of the Certificateholders. If any Certificateholder that has provided
an Investor Certification substantially in the form of Exhibit K-1 (a) requests in writing from the Certificate
Registrar a list of the names and addresses of Certificateholders, (b) states that such Certificateholder desires to
communicate with other Certificateholders with respect to its rights under this Agreement or under the Certificates and (c)
provides a copy of the communication which such Certificateholder proposes to transmit, then the Certificate Registrar shall,
within ten Business Days after the receipt of such request, afford such Certificateholder access during normal business hours
to a current list of the Certificateholders. Every Certificateholder, by receiving and holding a Certificate, agrees that the
Certificate Registrar and the Certificate Administrator shall not be held accountable by reason of the disclosure of any such
information as to the list of the Certificateholders hereunder, regardless of the source from which such information was
derived. The Depositor, the Servicer, the Special Servicer, the Trustee and the Operating Advisor shall be entitled to a list
of the names and addresses of Certificateholders from time to time upon request therefor.

 

Upon
the written request of any Certificateholder that (a) has provided an Investor Certification substantially in the form of Exhibit
K-1, (b) states that such Certificateholder desires the Certificate Administrator to transmit a notice to all Certificateholders
stating that such Certificateholder wishes to be contacted by other Certificateholders, setting forth the relevant contact information
and briefly stating the reason for the requested contact (a “Special Notice”) and (c) provides a copy of the
Special Notice which such Certificateholder proposes to transmit, the Certificate Administrator shall post such Special Notice
to the Certificate Administrator’s Website pursuant to Section 8.14(b) and shall mail such Special Notice to all
Certificateholders (other than any Certificateholder that is a Borrower Related Party, an Affiliate of a Borrower Related Party
or a Property Manager or an agent of one or more of the foregoing) at their respective addresses appearing on the Certificate
Register. The costs and expenses of the Certificate Administrator associated with delivering any such Special Notice shall be
borne by the party requesting such Special Notice. Every Certificateholder, by receiving and holding a Certificate, agrees that
neither the Certificate Administrator nor the Certificate Registrar shall be held accountable by reason of the disclosure of any
such Special Notice to Certificateholders, regardless of the information set forth in such Special Notice.

 

5.7       Maintenance
of Office or Agency. The Certificate Registrar shall maintain or cause to be maintained an office or offices or agency or
agencies where Certificates may be surrendered for registration of transfer or exchange and where notices and demands to or upon
the Certificate Registrar in respect of the Certificates and this Agreement may be served. The Certificate Registrar initially
designates its office at 600 S. 4th Street, 7th Floor, Minneapolis, Minnesota 55415, as its office for such purposes. The Certificate
Registrar shall give prompt written notice to the Certificateholders and the Borrower Parties of any change in the location of
the Certificate Register or any such office or agency.

 

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6.       THE
DEPOSITOR, THE SERVICER, THE SPECIAL SERVICER AND THE OPERATING ADVISOR

 

6.1       Respective
Liabilities of the Depositor, the Servicer, the Special Servicer and the Operating Advisor. The Depositor, the Servicer,
the Special Servicer and the Operating Advisor each shall be liable in accordance herewith only to the extent of the
obligations specifically imposed by this Agreement.

 

6.2       Merger
or Consolidation of the Servicer or the Special Servicer . Each of the Servicer and the Special Servicer shall keep in
full effect its existence and rights as an entity under the laws of the jurisdiction of its organization, and shall be in compliance
with the laws of all jurisdictions to the extent necessary to perform its duties under this Agreement.

 

Any
Person into which the Servicer or the Special Servicer may be merged or consolidated, or any Person resulting from any merger
or consolidation to which the Servicer or the Special Servicer shall be a party, or any Person succeeding to the servicing business
of the Servicer or the Special Servicer, shall be the successor of the Servicer or the Special Servicer, as the case may be, hereunder,
and shall be deemed to have assumed all of the liabilities and obligations of such Servicer or Special Servicer hereunder, without
the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary
notwithstanding; provided, however, that such successor or surviving Person would not cause the then current rating
on any of the Certificates to be qualified, downgraded or withdrawn by any of the Rating Agencies, as evidenced by a Rating Agency
Confirmation delivered to the Certificate Administrator and the Trustee.

 

Notwithstanding
the foregoing, if the Servicer or the Special Servicer is the surviving entity of such merger, consolidation or transfer, such
Person shall not be required to comply with any requirement to obtain a Rating Agency Confirmation or similar confirmation from
any Rating Agency.

 

6.3       Limitation
on Liability of the Depositor, the Servicer, the Special Servicer, the Operating Advisor and Others. (a) None of the Depositor,
the Servicer, the Special Servicer, the Operating Advisor or any of their respective directors, officers, members, managers, partners,
employees, Affiliates or agents shall be under any liability to the Trust, the Certificateholders or any Companion Loan Holder
for any action taken or for refraining from the taking of any action in good faith pursuant to this Agreement, actions taken or
not taken at the direction of the Certificateholders and/or any Companion Loan Holder, or for errors in judgment; provided,
however, that this provision shall not protect the Depositor, the Servicer, the Special Servicer, the Operating Advisor
or any such other Person against any breach of warranties or representations made herein or any liability which would otherwise
be imposed by reason of negligence, bad faith or willful misconduct in the performance of its duties or by reason of negligent
disregard of its obligations and duties hereunder. The Depositor, the Servicer, the Special Servicer, the Operating Advisor and
any of their respective directors, officers, employees, members, managers, partners, Affiliates or agents may reasonably rely
on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising hereunder.
The Depositor, the Servicer, the Special Servicer, the Operating Advisor and any of their respective directors, officers, members,
managers, partners, employees, agents, Affiliates or other “controlling persons” 

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within the meaning of Section 15
of the Act or Section 20 of the Exchange Act (“Controlling Persons”), shall be indemnified by the Trust and
the Companion Loan Holder(s) out of amounts on deposit in the Collection Account, to the extent provided under the Co-Lender Agreement,
and held harmless against any and all claims, losses, damages, penalties, fines, forfeitures, legal fees and expenses and related
costs, judgments or other costs and expenses incurred in connection with any legal action or other claims, losses, damages, penalties,
fines, forfeitures, legal fees and expenses and related costs, judgments or other costs and expenses relating to this Agreement,
the Mortgage Loan, the Property, or the Certificates (except as any such claims, losses, damages, penalties, fines, forfeitures,
legal fees and expenses and related costs, judgments or other costs and expenses shall be otherwise reimbursable and reimbursed
pursuant to this Agreement), other than any and all claims, losses, damages, penalties, fines, forfeitures, legal fees and expenses
and related costs, judgments or other costs and expenses incurred by reason of negligence, bad faith or willful misconduct by
it in the performance of its duties hereunder or by reason of its negligent disregard of its obligations and duties hereunder.
Such indemnification shall survive the termination or resignation of the Depositor, the Servicer, the Special Servicer or the
Operating Advisor. None of the Depositor, the Servicer, the Special Servicer or the Operating Advisor shall be under any obligation
to appear in, prosecute or defend any legal action which is not incidental to its respective duties under this Agreement and which
in its opinion may involve it in any expense or liability; provided, however, that the Depositor, the Servicer or
the Special Servicer may, in its discretion, undertake any such action which it may deem necessary or desirable in accordance
with Accepted Servicing Practices in respect of this Agreement and the rights and duties of the parties hereto and the interests
of the Certificateholders hereunder. In such event, the legal expenses and costs of such action and any liabilities of the Trust,
and the Depositor, the Servicer and the Special Servicer shall be entitled to be reimbursed therefor pursuant to Section 3.4(c) from funds on deposit in the Collection Account. Neither the Servicer nor the Special Servicer shall be accountable for the
use or application by the Depositor of any of the Certificates or of the proceeds of such Certificates or for the use or application
by the Certificate Administrator of any funds remitted to the Certificate Administrator in respect of the Mortgage Loan deposited
into or withdrawn from the Distribution Account or any account (other than the related Collection Account and the Foreclosed Property
Account and any other account maintained by the Servicer, the Special Servicer or any Sub-Servicer pursuant to this Agreement)
maintained by the Certificate Administrator or otherwise on behalf of the Trustee (except to the extent that any such account
is held by the Servicer or the Special Servicer in its commercial capacity), or for investment of such amounts (other than investments
made with the Servicer or the Special Servicer in its commercial capacity).

 

In
addition, neither the Servicer nor the Special Servicer shall have any liability with respect to, and the Servicer and the Special
Servicer shall be entitled to rely as to the truth of the statements made and the correctness of the opinions expressed therein
on, any certificates or opinions furnished to such Servicer or such Special Servicer, as the case may be, and conforming to the
requirements of this Agreement. To the extent consistent with Accepted Servicing Practices, each of the Servicer and the Special
Servicer may rely in good faith on information provided to it by the other parties hereto (unless the provider and the recipient
of such information are the same Person or Affiliates) and by the Borrower and shall have no duty to investigate or verify the
accuracy thereof.

 

(b)       The
Depositor shall not be obligated to monitor or supervise the performance of the Servicer, the Special Servicer, the Trustee, the
Certificate Administrator or the 

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Operating Advisor under this Agreement. The Depositor may, but shall not be obligated to, enforce
the obligations of the Servicer and the Special Servicer, the Trustee, the Certificate Administrator and the Operating Advisor
under this Agreement. In addition, in no event shall the Depositor be obligated to cause any party to perform or comply with the
obligations to remit the CREFC® Licensing Fee to CREFC® (as described in Section 3.4(c)),
to report any such CREFC® Licensing Fee so paid (as described in Section 4.4(a)) or to make available any
Distribution Date Statement to any person (including, without limitation, CREFC®) (as described in Section 3.21).

 

(c)       In
order to comply with Applicable Laws, the Servicer may be required to obtain, verify and record certain information relating to
individuals and entities that maintain a business relationship with the Servicer. Accordingly, each of the parties hereto agrees
to provide to the Servicer, upon its request from time to time, such identifying information and documentation as may be available
for such party in order to enable the Servicer to comply with Applicable Laws.

 

6.4       Servicer
and Special Servicer Not to Resign; Replacement of Servicer or Special Servicer. (a) In connection with any resignation permitted
pursuant to Section 6.4(b) or required pursuant to Section 3.33 or in connection with the sale or transfer of their
respective rights and obligations under this Agreement, each of the Servicer and the Special Servicer may resign and assign its
rights and delegate its duties and obligations under this Agreement to any Person or to an entity, provided that:

 

(i)        the
Person accepting such assignment and delegation (A) shall be an established mortgage finance institution, bank or mortgage servicing
institution having a net worth of not less than $25,000,000, organized and doing business under the laws of the United States
or of any state of the United States or the District of Columbia, and authorized under such laws to perform the duties of the
Servicer or the Special Servicer, as the case may be, of the Mortgage Loan, (B) shall execute and deliver to the Trustee and the
Certificate Administrator an agreement in form and substance reasonably satisfactory to the Trustee, which contains an assumption
by such Person of the due and punctual performance and observance of each covenant and condition to be performed or observed by
the Servicer or the Special Servicer, as the case may be, under this Agreement from and after the date of such agreement, (C)
shall make such representations and warranties of the Servicer or the Special Servicer, as the case may be, as provided in Section
2.5 or Section 2.6, as applicable, and (D)(x) during any CCR Control Period, with respect to the Servicer is reasonably
acceptable to the Controlling Class Representative or, with respect to the Special Servicer, has been appointed by the Controlling
Class Representative, (y) during any CCR Consultation Period, is reasonably acceptable to the Controlling Class Representative,
the Depositor and the Trustee, and (z) during any CCR Consultation Termination Period, is reasonably acceptable to the Depositor
and the Trustee;

 

(ii)       Rating
Agency Confirmation has been received;

 

(iii)      the
Servicer or the Special Servicer, as the case may be, shall not be released from its obligations under this Agreement that arose
prior to the effective date of such assignment and delegation under this Section 6.4(a);

 

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(iv)      the
rate at which any servicing compensation (or any component thereof) is calculated shall not exceed the rate specified herein;

 

(v)       the
Servicer or the Special Servicer, as the case may be, shall reimburse the Trustee and the Certificate Administrator, the Trust,
and the Rating Agencies for any reasonable expenses of such assignment, resignation, sale or transfer;

 

(vi)      the
person accepting such assignment and delegation may not (i) pay, or become obligated, whether by agreement or otherwise, and whether
or not subject to any condition or contingency, to pay the Operating Advisor or any affiliate thereof any fee, or otherwise compensate
or grant monetary or other consideration to the Operating Advisor or any affiliate thereof (x) in connection with its obligations
under this Agreement or the performance thereof or (y) in connection with the appointment of such person as, or any recommendation
by the Operating Advisor for such person to become, the successor Special Servicer, (ii) become entitled to receive any compensation
from the Operating Advisor or any Affiliate, or (iii) become entitled to receive any fee from the Operating Advisor or any affiliate
thereof in connection with the appointment of such person as Special Servicer, unless, in each of the foregoing clauses (i)
through (iii), such transaction has been expressly approved by 100% of the Certificateholders; and

 

(vii)     the
Person accepting such assignment and delegation may not be a Borrower Restricted Party.

 

Upon
satisfaction of the foregoing requirements and acceptance of such assignment, such Person shall be the successor Servicer or the
Special Servicer, as the case may be, hereunder.

 

(b)       Subject
to the provisions of Sections 6.2 and 6.4(a), neither the Servicer nor the Special Servicer shall resign from its obligations
and duties hereby imposed on it, except upon determination that performance of its duties hereunder is no longer permissible under
applicable law or are in material conflict by reason of applicable law with any other activities carried on by it. Any such determination
permitting the resignation of the Servicer or the Special Servicer, as the case may be, shall be evidenced by an Opinion of Counsel
delivered to the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor and, during any CCR Control Period
and any CCR Consultation Period, the Controlling Class Representative. No resignation by the Servicer or the Special Servicer,
as applicable, under this Agreement shall become effective until the Trustee or another successor Servicer or Special Servicer,
as applicable, shall have assumed the responsibilities and obligations of the Servicer or the Special Servicer, as applicable,
under this Agreement in accordance with Section 7.2; provided that, during any CCR Control Period, the Controlling Class
Representative may appoint a successor special servicer in accordance with the Section 7.1(d).

 

(c)       Notwithstanding
the foregoing, the Special Servicer may not be a Borrower Restricted Party with respect to the Mortgage Loan. If the Special Servicer
is or becomes a Borrower Restricted Party with respect to the Mortgage Loan, the Special Servicer shall immediately notify the
Depositor, the Servicer, the Trustee, the Certificate Administrator, each applicable Consenting Party and each applicable Consulting
Party of such disqualification and the 

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Special Servicer shall resign from its obligations and duties hereby imposed on it. No
resignation by the Special Servicer under this Section 6.4(c) shall become effective until the Trustee or another successor
Special Servicer shall have assumed the responsibilities and obligations of the Special Servicer under this Agreement in accordance
with Section 7.2; provided that, a Consenting Party (as long as it is not a Borrower Restricted Party) may appoint a successor
Special Servicer that is a Qualified Replacement Special Servicer in accordance with Section 7.1(d).

 

6.5       Policies
and Procedures. Each of the Servicer and the Special Servicer shall be required to maintain reasonable policies and procedures,
taking into account the nature of its respective business, to ensure that divisions and individuals of the Servicer or the Special
Servicer, as applicable, making Investment Decisions (such divisions and individuals, “Investment Personnel”)
shall not obtain Confidential Information from the divisions and individuals of the Servicer or the Special Servicer, as applicable,
who are involved in the performance of the duties of the Servicer or the Special Servicer, as applicable, (such divisions and
individuals, “Servicing Personnel”), under this Agreement, and the Servicing Personnel shall not obtain information
regarding investments from Investment Personnel. Each of the Servicer and the Special Servicer shall represent that policies and
procedures restricting the flow of information exist, and shall be maintained by it, between its Investment Personnel, on the
one hand, and its Servicing Personnel, on the other, and that such barriers operate in both directions so as to include (a) a
barrier against the disclosure of Confidential Information from such Servicing Personnel to such Investment Personnel and (b)
policies and procedures against the disclosure of information regarding investments from Investment Personnel to Servicing Personnel.
The senior management each of the Servicer and the Special Servicer, as applicable, and/or its affiliate (consisting of the person
who heads CMBS servicing at it and management personnel of it and/or its affiliates who report (directly or indirectly) to such
person) who have obtained Confidential Information in the course of their exercise of general managerial responsibilities may
not participate in or use that information to influence Investment Decisions, nor may they pass that information to others for
use in such activities; nor may such senior management personnel who have obtained information regarding investments in the course
of their exercise of general managerial responsibilities use that information to influence servicing decisions or strategies or
otherwise affect the manner in which the Servicer and the Special Servicer, as applicable, performs its servicing duties. Each
of the Servicer and the Special Servicer, as applicable, shall be required to maintain procedures that are designed to result
in compliance with such policies. Notwithstanding anything herein to the contrary, the delivery or provision by the Servicer or
the Special Servicer of information or reports as required by, and in accordance with, this Agreement shall not constitute a violation
or default of this Section 6.5.

 

The
Servicer and the Special Servicer shall afford the Trustee (on behalf of the Certificateholders), and the Depositor, upon reasonable
notice, during normal business hours reasonable access to all non-confidential, non-proprietary records, including those in electronic
form, documentation, records or any other information regarding the Mortgage Loan that are in its possession or control hereunder
and access to its officers responsible therefor. The Depositor shall not have any responsibility or liability for any action or
failure to act by the Servicer or the Special Servicer and is not obligated to supervise the performance of the Servicer and the
Special Servicer under this Agreement or otherwise.

 

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6.6       Indemnification
by the Servicer, the Special Servicer, the Operating Advisor and the Depositor. (a) Each of the Servicer, the Special Servicer,
the Operating Advisor and the Depositor, severally and not jointly, shall indemnify and hold harmless the Trust from and against
any and all claims, losses, damages, penalties, fines, forfeitures, reasonable legal fees and expenses and related costs, judgments
and other costs and expenses incurred by the Trust that arise out of or are based upon (i) a breach of any material representation
or warranty by the Servicer, the Special Servicer, the Operating Advisor or the Depositor, as the case may be, or any breach by
the Servicer, the Special Servicer, the Operating Advisor or the Depositor, as the case may be, of its obligations to the Trust
or the Certificateholders under this Agreement (other than delays or failures in performance resulting from acts beyond its control,
including, but not limited to acts of God, strikes, lockouts, riots and acts of war) or (ii) negligence, bad faith, fraud or willful
misconduct on the part of the Servicer, the Special Servicer, the Operating Advisor or the Depositor, as the case may be, in the
performance of such obligations or its negligent disregard of its obligations and duties under this Agreement.

 

(b)       Each
of the Servicer, the Special Servicer, the Operating Advisor and the Depositor (each, in such indemnifying capacity and for purposes
of this Section 6.6(b), an “Indemnifying Party”) agrees severally and not jointly to indemnify the Trust,
each Companion Loan Holder and each of (other than itself) the Depositor, the Servicer, the Special Servicer, the Operating Advisor,
the Trustee, the Certificate Administrator and any director, officer, employee or agent or Controlling Person of (other than itself)
the Depositor, the Servicer, the Special Servicer, the Trustee and the Certificate Administrator (each, in such indemnified capacity
and for purposes of this Section 6.6(b), an “Indemnified Party”), and hold them harmless against any
and all claims, losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments or other
costs and expenses (including reasonable attorneys’ fees incurred in connection with any legal action related to such Indemnifying
Party’s negligence, bad faith or willful misconduct) that the applicable Indemnified Party, may sustain arising from or
as a result of the negligence, bad faith or willful misconduct in the performance of duties hereunder or by reason of negligent
disregard of obligations and duties hereunder by such Indemnifying Party other than any claims, losses, damages, penalties, fines,
forfeitures, legal fees and expenses and related costs, judgments or other costs and expenses incurred by reason of negligence,
bad faith or willful misconduct in the performance of any of such Indemnified Party’s duties hereunder or by reason of negligent
disregard of such obligations and duties hereunder. Such indemnification obligation shall survive the termination or resignation
of the Indemnifying Party hereunder and the termination of this Agreement. Except as provided in the following sentence (as it
may apply to any payments made hereunder to the Trust), the Indemnifying Party shall not be entitled to reimbursement from the
Trust for any payment made by the Indemnifying Party pursuant to this Section 6.6(b); provided, however,
that nothing in this Section 6.6(b) shall deprive the Depositor, the Servicer, the Special Servicer or the Operating Advisor
of any limitation on its liability or right to indemnification from the Trust provided to such party as and to the extent provided
by Section 6.3. Any expenses incurred or indemnification payments made by the Indemnifying Party shall be reimbursed by
the party so paid or which received the benefit of such payment, if a court of competent jurisdiction makes a final, non-appealable
judgment that the Indemnifying Party was not culpable or was found not to have acted with negligence, bad faith or willful misconduct
in connection with the conduct in question.

 

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7.       SERVICER
TERMINATION EVENTS; TERMINATION OF SPECIAL SERVICER WITHOUT CAUSE; TRUSTEE AS MAKER OF ADVANCES

 

7.1       Servicer
Termination Events; Special Servicer Termination Events. (a) “Servicer Termination Event,” or
“Special Servicer Termination Event” wherever used herein with respect to the Servicer or the Special
Servicer, as the case may be, means any one of the following events whether it shall be voluntary or involuntary or be
effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of
any administrative or governmental body:

 

(i)        any
failure by the Servicer or the Special Servicer, as applicable, to remit any payment required to be made or remitted by it (other
than Advances described under clause (ii) below) when required to be remitted under the terms of this Agreement unless
cured by 11:00 a.m. (New York time) on the first (1st) Business Day following the date on which such remittance was
required to be made;

 

(ii)       any
failure of the Servicer (a) to make any Monthly Interest Payment Advance required to be made pursuant to this Agreement on or
prior to the applicable Remittance Date that is not cured by 11:00 a.m. (New York time) on the related Distribution Date, (b)
to make any Administrative Advance required to be made pursuant to this Agreement on or prior to the applicable Remittance Date
that is not cured by 11:00 a.m. (New York time) on the related Distribution Date, or (c) to make any Property Protection Advance
required to be made pursuant to this Agreement when the same is due and such failure continues unremedied for ten (10) Business
Days (or such shorter period (not less than one (1) Business Day) as would prevent a lapse in insurance or a delinquent payment
of real estate taxes or ground rents) following the date on which the Servicer receives notice thereof;

 

(iii)      any
failure by the Servicer or the Special Servicer, as applicable, to observe or perform in any material respect any other of its
covenants or agreements or the material breach of its representations or warranties under this Agreement, which failure shall
continue unremedied for a period of 30 days after the date on which written notice of such failure shall have been given to the
Servicer or the Special Servicer, as applicable, by the Trustee or to the Servicer or the Special Servicer, as applicable, and
Trustee by the Holders of Regular Certificates having greater than 25% of the Voting Rights of all then outstanding Regular Certificates
or, if affected thereby, by any Companion Loan Holder; provided, however, that with respect to any such failure
that is not curable within such 30-day period, the Servicer or the Special Servicer, as applicable, shall have an additional cure
period of 30 days to effect such cure so long as the Servicer or the Special Servicer, as applicable, has commenced to cure such
failure within the initial 30-day period and has provided the Trustee with an Officer’s Certificate certifying that it has
diligently pursued, and is continuing to diligently pursue, such cure;

 

(iv)      a
decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary case under
any present or future federal or state bankruptcy, insolvency or similar law for the appointment of a conservator or receiver
or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or 

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similar proceedings, or for the
winding-up or liquidation of its affairs, shall have been entered against the Servicer or the Special Servicer, as applicable,
and such decree or order shall have remained in force undischarged or unstayed for a period of 60 days; provided, however,
with respect to any such decree or order that cannot be discharged, dismissed or stayed within such 60 day period, the Servicer
or the Special Servicer, as applicable, shall have an additional period of 30 days to effect such discharge, dismissal or stay
so long as it has commenced proceedings to have such decree or order dismissed, discharged or stayed within the initial 60 day
period and has diligently pursued, and is continuing to pursue, such discharge, dismissal or stay;

 

(v)       the
Servicer or the Special Servicer, as applicable, shall consent to the appointment of a conservator or receiver or liquidator or
liquidation committee in any insolvency, readjustment of debt, marshaling of assets and liabilities, voluntary liquidation, or
similar proceedings of or relating to the Servicer or the Special Servicer or of or relating to all or substantially all of its
property;

 

(vi)      the
Servicer or the Special Servicer, as applicable, shall admit in writing its inability to pay its debts generally as they become
due, file a petition to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit
of its creditors, or voluntarily suspend payment of its obligations;

 

(vii)     Moody’s
has (A) qualified, downgraded or withdrawn its rating or ratings of one or more Classes of Certificates, or (B) placed one or
more Classes of Certificates on “watch status” in contemplation of a rating downgrade or withdrawal and, in the case
of either of clauses (A) or (B), publicly cited servicing concerns with the Servicer or the Special Servicer, as applicable, as
the sole or material factor in such rating action (and such qualification, downgrade, withdrawal or “watch status”
placement has not been withdrawn by Moody’s within 60 days of such event);

 

(viii)    (A)
the Servicer or the Special Servicer, as applicable, has its current ranking by DBRS Morningstar as a commercial mortgage servicer
or special servicer, as applicable, lowered below “MOR CS3” (if ranked by DBRS Morningstar), or (B) DBRS Morningstar
has (1) qualified, downgraded or withdrawn its rating of any Class of Certificates, or (2) placed any Class of Certificates on
“watch status” in contemplation of a rating downgrade or withdrawal (and such qualification, downgrade, withdrawal
or “watch status” placement has not been withdrawn by DBRS Morningstar within 60 days) and, in the case of either
of clauses (B)(1) or (B)(2), publicly cited servicing concerns with the Servicer or the Special Servicer, as the case may be,
as the sole or a material factor in such rating action;

 

(ix)       a
Companion Loan Rating Agency has (A) qualified, downgraded or withdrawn its rating or ratings of one or more classes of Companion
Loan Securities, or (B) placed one or more classes of Companion Loan Securities on “watch status” in contemplation
of rating downgrade or withdrawal and, in the case of either of clauses (A) or (B), publicly citing servicing concerns with the
Servicer or the Special Servicer, as applicable, as the sole or material factor in such rating action (and such qualification,

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downgrade, withdrawal or “watch
status” placement has not been withdrawn by such Companion Loan Rating Agency within 60 days of such event); or

 

(x)       so
long as any Other Securitization Trust is subject to Exchange Act reporting requirements, the Servicer or Special Servicer, as
applicable, or a primary servicer, subservicer or servicing function participant (such entity, the “Sub-Servicing Entity”)
retained by the Servicer or Special Servicer fails to deliver the items required to be delivered by this Agreement to enable such
Other Securitization Trust to comply with its reporting obligations under the Exchange Act within the timeframe set forth for
delivery in Article 13 (including any applicable notice and cure period) (and any Sub-Servicing Entity that defaults in
accordance with this clause (x) will be terminated at the direction of the Depositor);

 

provided,
however, that in the event that the Servicer is terminated solely by reason of a Servicer Termination Event described in
clauses (vii), (viii) or (ix) above, the Servicer shall, subject to the terms and provisions of Section
7.2(b), have a limited right to receive the proceeds from any cash offer for the servicing rights by a successor Servicer
(net of the Trustee’s “out of pocket” expenses incurred in connection with obtaining such offer and accomplishing
the servicing transfer) so long as a successor Servicer is identified within 45 days of the termination of the Servicer.

 

(b)       Upon
the occurrence of any Servicer Termination Event or Special Servicer Termination Event, the Trustee shall upon actual knowledge
by a Responsible Officer promptly notify the Certificate Administrator in writing and the Certificate Administrator shall (i)
post such notice on the Certificate Administrator’s Website pursuant to Section 8.14(b), (ii) provide such notice
to the 17g-5 Information Provider who shall post written notice thereof to the 17g-5 Information Provider’s Website pursuant
to Section 8.14(b), (iii) provide notice to the Companion Loan Holder(s), and (iv) provide notice to the Certificateholders
by mail, to the addresses set forth on the Certificate Register, unless the related Servicer Termination Event or Special Servicer
Termination Event, as applicable, shall have been cured or waived. For the avoidance of doubt, (i) the occurrence of a Servicer
Termination Event with respect to the Servicer shall not cause there to have occurred a Special Servicer Termination Event with
respect to the Special Servicer unless the relevant event also constitutes a Special Servicer Termination Event and (ii) the occurrence
of a Special Servicer Termination Event with respect to the Special Servicer shall not cause there to have occurred a Servicer
Termination Event with respect to the Servicer unless the relevant event also constitutes a Servicer Termination Event. In no
event will the Trustee or the Certificate Administrator be deemed to have knowledge of or be aware of any Servicer Termination
Event or Special Servicer Termination Event until a Responsible Officer of the Trustee or the Certificate Administrator, as the
case may be, has received written notice of, or has actual knowledge of, such Servicer Termination Event or Special Servicer Termination
Event.

 

(c)       If
a Servicer Termination Event or Special Servicer Termination Event shall occur then, and in each and every such case, so long
as such Servicer Termination Event or Special Servicer Termination Event shall not have been remedied, either (i) the Trustee
may or (ii) upon the written direction of Holders of Regular Certificates having at least 25% of the Voting Rights of the Regular
Certificates or, if affected thereby, any Companion Loan Holder, the Trustee shall terminate all of the rights and obligations
of the Servicer or the Special Servicer, as applicable, 

 

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under this Agreement, other than rights and obligations accrued prior
to such termination (including the right to receive all amounts accrued and owing to the Servicer or Special Servicer under this
Agreement with respect to periods prior to the date of such termination and the right to indemnification under this Agreement),
and in and to the Mortgage Loan and the proceeds thereof by notice in writing to the Servicer or the Special Servicer, as applicable;
provided that, notwithstanding anything to the contrary, if a Servicer Termination Event or Special Servicer Termination
Event, as applicable, under clauses (i), (ii), (iii), (ix) and/or (x) of Section 7.1(a)
only has an adverse effect on a Companion Loan, a Companion Loan Holder or a rating on any Companion Loan Securities, but
has no adverse effect on the Trust Loan, the Certificateholders or a rating on any of the Certificates, then (A) the Servicer
or the Special Servicer, as applicable, shall not be terminated by the Trustee pursuant to clause (i) above of this sentence
or upon the written direction of the Holders of Certificates pursuant to clause (ii) above of this sentence, and (B) (x)
with respect to a Servicer Termination Event or Special Servicer Termination Event under clause (x) of Section 7.1(a),
the related Other Depositor or (y) with respect to a Servicer Termination Event or Special Servicer Termination Event under clauses
(i), (ii), (iii) and/or (ix) of Section 7.1(a), the related affected Companion Loan Holder, shall
be able to require termination of the Servicer or Special Servicer, as applicable, pursuant to clause (ii) above of this
sentence. Upon any termination of the Servicer or the Special Servicer, as applicable, and appointment of a successor to the Servicer
or the Special Servicer, as applicable, the Trustee shall notify the Companion Loan Holder(s) and the Certificate Administrator
and the Certificate Administrator shall, as soon as possible, post such notice thereof on the Certificate Administrator’s
Website and provide the same to the 17g-5 Information Provider who shall post notice thereof to the 17g-5 Information Provider’s
Website pursuant to Section 8.14(b), and thereafter, give written notice via email to the Servicer or Special Servicer,
as applicable, the Companion Loan Holder(s), the Depositor and the Certificateholders by mail to the addresses set forth in the
Certificate Registrar. Notwithstanding anything herein to the contrary, the Depositor shall have the right, but not the obligation,
to notify the Trustee of any Servicer Termination Event or Special Servicer Termination Event of which the Depositor becomes aware.
A Consenting Party shall have the right to appoint a successor Special Servicer that is a Qualified Replacement Special Servicer
following any Special Servicer Termination Event.

 

(d)       Any
applicable Consenting Party shall have the right to direct the Trustee to terminate the Special Servicer (subject to such terminated
Special Servicer’s rights to indemnification, payment of outstanding fees, and other rights set forth in this Agreement
which survive termination), upon at least ten (10) Business Days’ prior notice, with or without cause, and such Consenting
Party shall have the right to, and shall, appoint a successor Special Servicer that is a Qualified Replacement Special Servicer
who shall execute and deliver to the other parties hereto an agreement, in form and substance reasonably satisfactory to the Trustee,
whereby the successor Special Servicer agrees to assume and perform punctually the duties of the Special Servicer specified in
this Agreement; provided that, prior to the termination of the existing Special Servicer, such Consenting Party (A) shall have
obtained (at no expense to the Trust) a Rating Agency Confirmation from each Rating Agency as to the proposed successor Special
Servicer prior to the termination of the existing Special Servicer and delivered it to the Trustee and provided notice to the
Servicer (including the full new contact information) and (B) shall (at no expense to the Trust or any related Other Securitization
Trust) have obtained and delivered to the certificate administrator (if any) and the trustee for each Other Securitization Trust
(with a copy to the Certificate Administrator and the Trustee) a Companion Loan Rating Agency Confirmation with 

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respect to the
proposed successor Special Servicer. The Special Servicer shall not be terminated pursuant to this paragraph until a successor
Special Servicer that is a Qualified Replacement Special Servicer shall have been appointed. The applicable Consenting Party shall
pay any costs and expenses incurred by the Trust in connection with the removal and appointment of a Special Servicer pursuant
to this paragraph (unless such removal is based on any of the events or circumstances set forth in Section 7.1(a). During
any CCR Consultation Period and any CCR Consultation Termination Period, upon (i) the written direction of Holders of Principal
Balance Certificates evidencing not less than 25% of the Voting Rights of the Principal Balance Certificates requesting a vote
to terminate and replace the Special Servicer with a proposed successor Special Servicer that is a Qualified Replacement Special
Servicer, (ii) payment by such Holders to the Certificate Administrator of the reasonable fees and expenses to be incurred by
the Certificate Administrator in connection with administering such vote, (iii) delivery by such holders to the certificate administrator
(if any) and the trustee for each Other Securitization Trust (with a copy to the Certificate Administrator and the Trustee) of
a Companion Loan Rating Agency Confirmation with respect to the appointment of such new special servicer (which Companion Loan
Rating Agency Confirmation shall be obtained at the expense of such holders) and (iv) delivery by such Certificateholders to the
Certificate Administrator and the Trustee of a Rating Agency Confirmation from each Rating Agency with respect to the appointment
of such new special servicer (which confirmation shall be obtained at the expense of such holders), the Certificate Administrator
shall promptly provide written notice thereof to all Certificateholders by posting such notice on the Certificate Administrator’s
Website pursuant to Section 8.14(b) and by mailing at their addresses appearing in the Certificate Register. Upon (x) the
affirmative vote to so terminate and replace the Special Servicer on the part of the Holders of Principal Balance Certificates
evidencing (i) at least 51% of the Voting Rights allocable to the applicable Certificateholder Quorum or (ii) more than 50% of
the Voting Rights allocable to the Non-Reduced Certificates, and (y) satisfaction of the conditions set forth in clauses (iii)
and (iv) of the immediately preceding sentence, the Certificate Administrator shall notify the Trustee and the Trustee
shall terminate all of the rights and obligations of the Special Servicer under this Agreement and appoint the successor Special
Servicer designated by such Certificateholders (subject to such terminated Special Servicer’s rights to indemnification,
payment of outstanding fees, reimbursement of Advances (and Advance Interest) and other rights set forth in this Agreement which
survive termination); provided, that if such affirmative vote is not achieved within 180 days of the initial request for a vote
to terminate and replace the Special Servicer, then such written direction shall have no force and effect. The Certificate Administrator
shall notify the Servicer via email of any such replacement Special Servicer (including the contact information for such successor
to the extent the Certificate Administrator has received such information). The provisions set forth in the foregoing sentences
of this paragraph shall be binding upon and inure to the benefit of solely the Certificateholders and the Trustee as between
each other. The Special Servicer shall not have any cause of action based upon or arising from any breach or alleged breach of
such provisions. As between the Special Servicer, on the one hand, and the Certificateholders, on the other, the Certificateholders
shall be entitled in their sole discretion to vote for the termination or not vote for the termination of the Special Servicer.
The Holders of the Certificates that initiated the vote to replace the Special Servicer shall pay the costs and expenses incurred
in connection with the removal and replacement of the Special Servicer pursuant to this paragraph. The Certificate Administrator
shall include on each Distribution Date Statement a statement that each Certificateholder may access such notices on the Certificate
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each Certificateholder may register to receive email notifications when such notices are
posted thereon.

 

(e)       If
at any time the Operating Advisor determines, in its sole discretion exercised in good faith, that (i) the Special Servicer is
not performing its duties as required under this Agreement or has failed to comply with Accepted Servicing Practices, and (ii)
a replacement of the Special Servicer would be in the best interest of the Certificateholders as a collective whole, then the
Operating Advisor shall deliver to the Trustee and the Certificate Administrator, with a copy to the Special Servicer, a written
report in the form of Exhibit Q attached hereto (which form may be modified or supplemented from time to time to cure any
ambiguity or error or to incorporate any additional information, subject to compliance of such form with the terms and provisions
of this Agreement; provided, further, that in no event shall the information or any other content included in such
written report contravene any provision of this Agreement) detailing the reasons supporting its position (along with relevant
information justifying its recommendation) and recommending a suggested replacement special servicer (which shall be a Qualified
Replacement Special Servicer). In such event, the Certificate Administrator shall promptly post a copy of such recommendation
on the Certificate Administrator’s Website and by mail send notice of such recommendation to all Certificateholders, asking
them to vote whether they wish to remove the Special Servicer. Upon (i) the affirmative vote of the Holders of Principal Balance
Certificates evidencing at least a majority of the Voting Rights allocable to the applicable Certificateholder Quorum (provided
that Holders representing the applicable Certificateholder Quorum vote on the matter within 180 days of the initial request
for a vote (which, for the avoidance of doubt, is the date on the which the aforementioned notice was mailed to the Certificateholders))
and (ii) following satisfaction of the immediately preceding clause (i), receipt by the Certificate Administrator of Rating
Agency Confirmation from each Rating Agency with respect to the termination of the Special Servicer and the appointment of a successor
special servicer recommended by the Operating Advisor, the Trustee shall (1) terminate all of the rights and obligations of the
Special Servicer under this Agreement and appoint such recommended successor Special Servicer (subject to such terminated Special
Servicer’s rights to indemnification, payment of outstanding fees, reimbursement of Advances (and Advance Interest) and
other rights set forth in this Agreement which survive termination) and (2) promptly notify such outgoing Special Servicer of
the effective date of such termination. The reasonable out of pocket costs and expenses of the Certificate Administrator (including
reasonable legal fees and expenses of outside counsel) associated with obtaining such Rating Agency Confirmations and administering
such vote shall be a Trust Fund Expense. If such affirmative vote of the Holders of the required Certificates contemplated by
clause (i) of the second preceding sentence is not achieved within 180 days of the initial request for such vote (which,
for the avoidance of doubt, is the date on the which the aforementioned notice was mailed to the Certificateholders), then the
Trustee shall have no obligation to remove the Special Servicer and such recommendation shall lapse and have no force or effect.
Prior to the appointment of any replacement special servicer, such replacement special servicer shall have agreed to succeed to
the obligations of the Special Servicer under this Agreement and to act as the Special Servicer’s successor hereunder. If
the Special Servicer is terminated pursuant to this Section 7.1(e), then (notwithstanding anything herein to the contrary)
the terminated party may not subsequently be re-appointed as the Special Servicer hereunder pursuant to any other subsection of
this Section 7.1 or any other section of this Agreement.

 

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(f)       In
the event that the Servicer or the Special Servicer is terminated pursuant to this Section 7.1, the Trustee (the “Terminating
Party”) shall, by notice in writing to the Servicer or the Special Servicer, as the case may be (the “Terminated
Party”) (with a copy to the Borrower Parties), terminate all of its rights and obligations under this Agreement and
in and to the Mortgage Loan and the proceeds thereof, other than any rights the Terminated Party may have hereunder as a Certificateholder
and any rights or obligations that accrued prior to the date of such termination (including the right to receive all amounts accrued
or owing to it under this Agreement with respect to periods prior to the date of such termination and the right to the benefits
of Section 6.3 notwithstanding any such termination). On or after the receipt by the Terminated Party of such written notice,
subject to the foregoing, all of its authority and power under this Agreement, whether with respect to the Certificates (except
that the Terminated Party shall retain its rights as a Certificateholder in the event and to the extent that it is a Certificateholder)
or the Mortgage Loan or otherwise, shall pass to and be vested in the Terminating Party pursuant to and under this Section
7.1 (absent the appointment of an alternative successor, and such successor’s assumption of obligations hereunder, including,
without limitation, in the case of the Special Servicer, a successor designated by the Controlling Class Representative during
any CCR Control Period) and, without limitation, the Terminating Party is hereby authorized and empowered to execute and deliver,
on behalf of and at the expense of the Terminated Party, as attorney-in-fact or otherwise, any and all documents and other instruments,
and to do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination,
whether to complete the transfer and endorsement or assignment of the Mortgage Loan and related documents, or otherwise. The Servicer
and the Special Servicer, as applicable, each agrees that, in the event it is terminated pursuant to this Section 7.1,
or resigns under Section 6.4(b), to promptly (and in any event no later than ten (10) Business Days subsequent to such
notice) provide, at its own expense, the Terminating Party (which term shall include for the purposes of the remainder of this
Section 7.1(f), the Trustee (or a successor Servicer or Special Servicer) in connection with a resignation of the Servicer
or the Special Servicer under Section 6.4(b)) with all documents and records in its possession or under its control relating
to the Mortgage Loan or the Property necessary or appropriate to enable the Terminating Party to assume its functions hereunder,
and to cooperate with the Terminating Party and the successor to its responsibilities hereunder in effecting the termination of
its responsibilities and rights hereunder, including, without limitation, the transfer to the successor Servicer or Special Servicer,
as applicable, or the Terminating Party, as applicable, for administration by it of all cash amounts which shall at the time be
or should have been credited by the Terminated Party (which term shall include, for the purposes of the remainder of this Section
7.1(f), the resigning party in connection with a resignation of the Servicer or the Special Servicer under Section 6.4(b))
to the Collection Account, any Foreclosed Property Account or shall thereafter be received with respect to the Mortgage Loan,
and shall promptly provide the Terminating Party or such successor Servicer or Special Servicer, as applicable (which may include
the Trustee), as applicable, all documents and records reasonably requested by it, such documents and records to be provided in
such form as the Terminating Party or such successor Servicer or the Special Servicer, as applicable, shall reasonably request
(including electronic form), to enable it to assume the function of the Servicer or the Special Servicer, as applicable, hereunder.
All reasonable costs and expenses of the Terminating Party or the successor Servicer or Special Servicer, as applicable, incurred
in connection with transferring the Mortgage Loan File to the Terminating Party or to the successor Servicer or Special Servicer,
as applicable, and amending this Agreement to reflect such succession pursuant to this Section 7.1 shall be paid by 

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the
Terminated Party upon presentation of reasonable documentation of such costs and expenses. If the Terminated Party has not reimbursed
the Terminating Party or such successor Servicer or Special Servicer, as applicable, for such expenses within 90 days after the
presentation of reasonable documentation, such expense shall be reimbursed by the Trust pursuant to Section 3.4(c); provided
that the Terminated Party shall not thereby be relieved of its liability for such expenses. Notwithstanding the foregoing, in
the event that the Special Servicer is terminated without cause pursuant to Section 7.1(d), all costs and expenses incurred
or payable by the terminated Special Servicer under this Section 7.1 shall be paid by the Controlling Class Representative
or the Holders, as applicable, requesting such termination.

 

7.2       Trustee
to Act; Appointment of Successor. (a) On and after the time the Servicer or the Special Servicer, as the case may be, receives
a notice of termination pursuant to Section 7.1, or resigns pursuant to Section 6.4(b), the Terminating Party (which
term shall include, for the purposes of the remainder of this Section 7.2, the Trustee (or a successor Servicer or Special
Servicer including a successor appointed under Section 6.4(a)) in connection with a resignation of the Servicer or the
Special Servicer under Section 6.4(b)) shall, unless prohibited by-law, be the successor to the Terminated Party (which
term shall include, for the purposes of the remainder of this Section 7.2, the resigning party in connection with a resignation
of the Servicer or the Special Servicer under Section 6.4(b)) in all respects under this Agreement and the transactions
set forth or provided for herein and, except as provided herein, shall be subject to all the responsibilities, duties, limitations
on liability and liabilities relating thereto and arising thereafter placed on the Terminated Party by the terms and provisions
hereof; provided, however, that (i) neither the Trustee nor the Terminating Party (or any successor Servicer or Special Servicer,
as the case may be) shall have responsibilities, duties, liabilities or obligations with respect to any act or omission of the
Terminated Party and (ii) any failure to perform, or delay in performing, such duties or responsibilities caused by the Terminated
Party’s failure to provide, or delay in providing, records, tapes, disks, information or monies or failure to cooperate
as required by this Agreement shall not be considered a default by the Terminating Party or such successor hereunder. The Trustee,
as successor Servicer, and any other successor Servicer or Special Servicer, as the case may be, shall be indemnified to the full
extent provided to the Servicer or Special Servicer, as applicable, under this Agreement prior to the Servicer’s or the
Special Servicer’s termination. The appointment of a successor Servicer or Special Servicer, as the case may be, shall not
affect any liability of the Terminated Party that may have arisen prior to its termination as such. The Terminating Party shall
not be liable for any of the representations and warranties of the Terminated Party herein or in any related document or agreement,
for any acts or omissions of the Terminated Party or for any losses incurred in respect of any Permitted Investment by the Terminated
Party nor shall the Terminating Party or any successor Servicer or Special Servicer be required to purchase the Mortgage Loan
hereunder. None of the Trustee, the Terminating Party, the successor Servicer or the Special Servicer shall have any responsibility
nor shall any of them be in default hereunder or incur any liability for any failure, error, malfunction or any delay in carrying
out any of its duties under this Agreement if any such failure or delay results from the Trustee, the Terminating Party, successor
Servicer or successor Special Servicer acting in accordance with information prepared or supplied by any other Person or the failure
of any such Person to prepare or provide such information. None of the Trustee, the Terminating Party, the successor Servicer
or the successor Special Servicer shall have any responsibility, shall be in default or shall incur any liability (i) for any
failure to act by any third party, including the predecessor Servicer, the predecessor Special Servicer, the current Servicer
or Special Servicer (if the successor is not succeeding to such 

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capacities), the Depositor or the Trustee or for any inaccuracy or omission
in a notice or communication received by the successor from any third party or (ii) which is due to or results from the invalidity,
unenforceability of the Mortgage Loan, Mortgage Loan Agreement or any other agreement under applicable law; provided that nothing
herein shall in any way diminish the duty of the Terminated Party to perform its obligations under Section 7.1(f). As compensation
therefor, the Terminating Party as successor Servicer or Special Servicer, as the case may be, shall be entitled to all compensation
with respect to the Mortgage Loan to which the Terminated Party would have been entitled that accrues after the date of the Terminating
Party’s succession to which the Terminated Party would have been entitled if it had continued to act hereunder and, in the
case of a successor Special Servicer, the Special Servicing Fee. Notwithstanding the above, the Trustee may, if it shall be unwilling
to so act, or shall, if it is unable to so act, or if the Holders of Regular Certificates having greater than 25% of the aggregate
Voting Rights of all then outstanding Regular Certificates so request in writing to the Trustee, or the Trustee is not approved
by the Rating Agencies as a Servicer or Special Servicer, as the case may be, as evidenced by a Rating Agency Confirmation, or
if the Rating Agencies do not provide written confirmation that the succession of the Trustee as Servicer or Special Servicer,
as the case may be, shall not cause a downgrade, qualification or withdrawal of the then current ratings of the Certificates,
promptly appoint, or petition a court of competent jurisdiction to appoint, any established loan servicing institution reasonably
satisfactory to the Trustee the appointment for which a Rating Agency Confirmation is obtained, as the successor to the Servicer
or the Special Servicer, as applicable, hereunder in the assumption of all or any part of the responsibilities, duties or liabilities
of the Servicer or the Special Servicer, as applicable, hereunder. No appointment of a successor to a Terminated Party hereunder
shall be effective until the assumption by such successor of all the Terminated Party’s responsibilities, duties and liabilities
hereunder. Pending appointment of a successor to a Terminated Party hereunder, unless the Trustee shall be prohibited by-law from
so acting, the Trustee shall act in the applicable capacity as herein above provided, notwithstanding, in the case of the Trustee
acting as successor Servicer, any eligibility requirements for a Servicer as set forth in this Agreement. Any appointment or succession
by the Trustee to the rights and obligations of the Special Servicer hereunder shall be subject to the Controlling Class Representative’s
right to replace the Special Servicer during any CCR Control Period. In connection with such appointment and assumption described
herein, the Trustee may make such arrangements for the compensation of such successor out of payments on the Mortgage Loan as
it and such successor shall agree; provided, however, no such compensation shall be in excess of that permitted
the Terminated Party hereunder, except that if no successor to the Terminated Party can be obtained to perform the obligations
of such Terminated Party hereunder, additional amounts shall be paid to such successor and such amounts in excess of that permitted
the Terminated Party shall be paid pursuant to Section 3.4(c). The Depositor, the Trustee, the Servicer (as applicable),
the Special Servicer (as applicable) and such successor shall take such action, consistent with this Agreement, as shall be necessary
to effectuate any such succession.

 

(b)       Notwithstanding
Section 7.1(b) of this Agreement, if a Servicer receives a notice of termination solely due to a Servicer Termination Event
under Section 7.1(a)(vii), Section 7.1(a)(viii) or Section 7.1(a)(ix) and the terminated Servicer provides
the Trustee with the appropriate “request for proposal” materials within five (5) Business Days after such termination,
then such Servicer shall continue to serve as Servicer, if requested to do so by the Trustee, and the Trustee shall promptly thereafter
(using such “request for proposal” materials provided by the terminated Servicer) solicit good faith bids for the
rights to be the successor Servicer under this 

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Agreement from at least three (3) Persons qualified to act as successor Servicer
hereunder in accordance with Section 6.4 and this Section 7.2 for which the Trustee has received a Rating Agency
Confirmation (any such Person so qualified, a “Qualified Bidder”) or, if three (3) Qualified Bidders cannot
be located, then from as many Persons as the Trustee can determine are Qualified Bidders; provided, however, that
(i) at the Trustee’s request, the terminated Servicer shall supply the Trustee with the names of Persons from whom to solicit
such bids; and (ii) the Trustee shall not be responsible if less than three (3) or no Qualified Bidders submit bids for the right
to be the successor Servicer under this Agreement. The Trustee shall have no obligation and shall have no liability or responsibility
for the information in the bid materials. The bid proposal shall require any Successful Bidder (as defined below), as a condition
of such bid, to enter into this Agreement as successor Servicer with respect to the Mortgage Loan, and to agree to be bound by
the terms hereof, within 45 days after the receipt by the terminated Servicer of a notice of termination. The Trustee shall solicit
bids (i) on the basis of such successor Servicer entering into a Sub-Servicing Agreement with the terminated Servicer to service
the Mortgage Loan at a sub-servicing fee rate per annum equal to the Retained Servicing Fee Rate (each, a “Servicing-Retained
Bid”) and (ii) on the basis of having no obligation to enter into a Sub-Servicing Agreement with the terminated Servicer
(each, a “Servicing-Released Bid”). The Trustee shall select the Qualified Bidder with the highest cash Servicing-Retained
Bid (or, if none, the highest cash Servicing Released Bid) (the “Successful Bidder”) to act as successor Servicer
hereunder. The Successful Bidder shall enter into this Agreement as successor Servicer pursuant to the terms hereof (and, if the
successful bid was a Servicing-Retained Bid, to enter into a Sub-Servicing Agreement with the terminated Servicer as contemplated
above), no later than 45 days after the termination of the terminated Servicer. Upon the assignment and acceptance of the servicing
rights hereunder to and by the Successful Bidder, and upon the payment of the proceeds by the Successful Bidder to the Certificate
Administrator, the Certificate Administrator shall remit or cause to be remitted to the terminated Servicer the amount of such
cash bid received from the Successful Bidder (net of “out of pocket” expenses incurred in connection with obtaining
such bid and transferring servicing).

 

(c)       In
order to induce a party other than itself or one of its Affiliates to submit a Servicing-Retained Bid, the Trustee may reduce
the fee paid to a sub-servicer pursuant to Section 7.2(b) above to the extent reasonably necessary to appoint a successor
other than itself or an Affiliate.

 

7.3       Notification
to Certificateholders, the Depositor and the Rating Agencies.

 

(a)       Upon
any termination of the Servicer or the Special Servicer, as the case may be, pursuant to Section 7.1 or appointment of
a successor to the Servicer or Special Servicer, as the case may be, the Certificate Administrator shall, as soon as practicable,
give written notice thereof to Certificateholders at their respective addresses appearing in the Certificate Register and to the
Depositor and the Rating Agencies.

 

(b)       Within
thirty days after the occurrence of any Servicer Termination Event or Special Servicer Termination Event of which a Responsible
Officer of the Certificate Administrator has actual knowledge, the Certificate Administrator shall transmit to the Depositor,
to the 17g-5 Information Provider (who shall post such notice on the 17g-5 Information Provider’s Website) (in electronic
form reasonably acceptable to the 17g-5 Information Provider) and, by mail, to all Certificateholders, notice of such Servicer
Termination Event or Special Servicer 

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Termination Event, as the case may be, unless the Certificate Administrator shall have received
notice that such Servicer Termination Event or Special Servicer Termination Event shall have been cured or waived.

 

7.4       Other
Remedies of Trustee. During the continuance of any Servicer Termination Event or Special Servicer Termination Event, as the
case may be, or so long as such Servicer Termination Event or Special Servicer Termination Event shall not have been remedied,
the Trustee, in addition to the rights specified in Section 7.1, shall have the right, in its own name as trustee of an
express trust, to take all actions now or hereafter existing at law, in equity or by statute to enforce its rights and remedies
and to protect the interests, and enforce the rights and remedies, of the Certificateholders and the Companion Loan Holder(s)
(including the institution and prosecution of all judicial, administrative and other proceedings and the filing of proofs of claim
and debt in connection therewith). In such event, the legal fees, expenses and costs of such action and any liability resulting
therefrom shall be expenses, costs and liabilities of the Trust, and the Trustee shall be entitled to be reimbursed therefor pursuant
to Section 3.4(c) from the Collection Account. Except as otherwise expressly provided in this Agreement, no remedy provided
for by this Agreement shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to
any other remedy and no delay or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed
to be a waiver of any Servicer Termination Event or Special Servicer Termination Event.

 

7.5       Waiver
of Past Servicer Termination Events and Special Servicer Termination Events. The Holders of Certificates evidencing not less
than 66 and 2/3% of the Voting Rights of all then outstanding Certificates (and, if affected by the related default, the Companion
Loan Holder(s)) may, on behalf of all Certificateholders (and the Companion Loan Holder(s)) and upon adequate indemnification
of the Trustee by the requesting Holders of Certificates, waive any default by the Servicer or the Special Servicer in the performance
of its obligations hereunder and its consequences, except a default in making any required deposits (including Monthly Interest
Payment Advances) to or payments from the Collection Account, the Distribution Account or any Foreclosed Property Account or in
remitting payments as received, in each case in accordance with this Agreement. Upon any such waiver of a past default, such default
shall cease to exist, and the related Servicer Termination Event or Special Servicer Termination Event arising therefrom shall
be deemed to have been remedied for every purpose under this Agreement. No such waiver shall extend to any subsequent or other
default or impair any right related thereto.

 

7.6       Trustee
as Maker of Advances. In the event that the Servicer fails to fulfill its obligations hereunder to make any Advances, the
Trustee shall, subject to the provisions of Section 3.23 of this Agreement, perform such obligations (w) within five (5)
Business Days (or such shorter period (but not less than one Business Day) as may be required, if applicable, to avoid any lapse
in insurance coverage required under the Mortgage Loan Documents or this Agreement with respect to the Property or to avoid any
foreclosure or similar action with respect to the Property by reason of failure to pay real estate taxes, assessments, ground
rents or governmental charges) of a Responsible Officer of the Trustee obtaining knowledge of such failure by the Servicer with
respect to Property Protection Advances and Administrative Advances and (x) by 12:00 noon (New York time) on the related Distribution
Date with respect to Monthly Interest Payment Advances. With respect to any such Advance made by the Trustee, the Trustee shall

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succeed to all of the Servicer’s rights with respect to Advances hereunder, including, without limitation, the rights of
reimbursement and interest on each Advance at the Advance Interest Rate, and rights to determine that a proposed Advance is a
Nonrecoverable Advance (without regard to any impairment of any such rights of reimbursement caused by such Servicer’s default
in its obligations hereunder and further subject to the Trustee’s standard of good faith judgment); provided, however,
if Advances made by the Trustee and the Servicer shall at any time be outstanding, or any interest on any Advance shall be accrued
and unpaid, all amounts available to repay such Advances and the interest thereon hereunder shall be applied entirely to the Advances
outstanding to the Trustee until such Advances shall have been repaid in full, together with all interest accrued thereon, prior
to reimbursement of the Servicer for such Advances and interest accrued thereon. The Trustee shall be entitled to conclusively
rely on any notice given by the Servicer with respect to a Nonrecoverable Advance hereunder.

 

8.       THE
TRUSTEE AND THE CERTIFICATE ADMINISTRATOR

 

8.1       Duties
of the Trustee and the Certificate Administrator. (a) The Trustee, prior to the occurrence of a Servicer Termination Event
or Special Servicer Termination Event, as the case may be, and after the curing or waiver of any Servicer Termination Event or
Special Servicer Termination Event, as the case may be, that may have occurred, undertakes with respect to the Trust to perform
such duties and only such duties as are specifically set forth in this Agreement. None of the Depositor, the Servicer, the Special
Servicer or the Operating Advisor shall be obligated to monitor or supervise the performance by the Trustee or the Certificate
Administrator of its duties hereunder. In case a Servicer Termination Event or a Special Servicer Termination Event, as the case
may be, has occurred (which has not been cured or waived), the Trustee, subject to the provisions of Sections 7.2 and 7.4,
shall exercise such of the rights and powers vested in it by this Agreement, and shall use the same degree of care and skill in
such exercise, as a prudent institution would exercise or use under the circumstances in the conduct of such institution’s
own affairs. Any permissive right of the Trustee set forth in this Agreement shall not be construed as a duty, and the Trustee
shall not be answerable for other than the negligence, bad faith, fraud or willful misconduct on the part of the Trustee in the
exercise of such right. The Certificate Administrator undertakes to perform at all times such duties and only such duties as are
specifically set forth in this Agreement and no permissive right of the Certificate Administrator shall be construed as a duty
and the Certificate Administrator shall not be answerable for other than the negligence, bad faith, fraud or willful misconduct
on the part of the Certificate Administrator in the exercise of such right. The Trustee (or the Servicer or the Special Servicer
on its behalf) shall have the power to exercise all the rights of a holder of the Mortgage Loan on behalf of the Certificateholders
and the Companion Loan Holder(s), subject to the terms of the Mortgage Loan Documents; provided, however, that the
Lender’s obligations under the Mortgage Loan Documents shall be exercised by the Servicer or Special Servicer, as the case
may be, pursuant to this Agreement.

 

(b)       Subject
to Sections 8.2(a) and 8.3, each of the Trustee and the Certificate Administrator, upon receipt of all resolutions,
certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Trustee and the Certificate
Administrator that are specifically required to be furnished pursuant to any provision of this Agreement, shall examine, or cause
to be examined, such instruments to determine whether they conform on their face to the requirements of this Agreement to the
extent specifically set forth herein; provided, 

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however, neither the Trustee nor the Certificate Administrator shall
be responsible for the legality, ownership, title, validity or enforceability of any such aforementioned document furnished by
any other party hereto, and accepted by the Trustee or the Certificate Administrator, as applicable, in good faith, pursuant to
this Agreement. If any such instrument is found on its face not to conform to the requirements of this Agreement in a material
manner, the Trustee or the Certificate Administrator, as applicable, may take such action as it deems appropriate to have the
instrument corrected, and if the instrument is not corrected to the Trustee’s or the Certificate Administrator’s,
as applicable, reasonable satisfaction, the Trustee or the Certificate Administrator, as applicable, may or may not act upon same.

 

(c)       Subject
to Section 8.3, no provision of this Agreement shall be construed to relieve the Trustee or the Certificate Administrator
from liability for its own negligent action, its own negligent failure to act, its failure to perform its obligations in compliance
with this Agreement, or its own willful misconduct or bad faith; provided, however:

 

(i)        no
implied covenants or obligations shall be read into this Agreement against the Trustee or the Certificate Administrator, and each
of the Trustee and the Certificate Administrator, as applicable, may conclusively rely, as to the truth of the statements and
the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee and/or the Certificate
Administrator and conforming to the requirements of this Agreement which it reasonably believes in good faith to be genuine and
to have been duly executed by the proper authorities respecting any matters arising hereunder;

 

(ii)       neither
the Trustee nor the Certificate Administrator shall be liable for an error of judgment made in good faith by a Responsible Officer
of the Trustee or the Certificate Administrator, as applicable, unless it shall be proved that the Trustee, the Certificate Administrator
or such Responsible Officer was negligent in ascertaining the pertinent facts;

 

(iii)      neither
the Trustee nor the Certificate Administrator shall be liable with respect to any action taken, suffered or omitted to be taken
by it in good faith in accordance with this Agreement or at the direction of Holders of Certificates evidencing, in the aggregate,
not less than 25% of the Voting Rights of the Certificates, relating to the time, method and place of conducting any proceeding
for any remedy available to the Trustee or the Certificate Administrator, or exercising any trust or power conferred upon the
Trustee or the Certificate Administrator, under this Agreement;

 

(iv)      neither
the Trustee nor the Certificate Administrator shall be charged with knowledge of any failure by the Servicer or the Special Servicer
to comply with any of their respective obligations under this Agreement or of the occurrence of any of the events referred to
in Section 7.1 or any other act or circumstance upon the occurrence of which the Trustee or the Certificate Administrator,
as applicable, may be required to take action unless a Responsible Officer of the Trustee or the Certificate Administrator, as
applicable, obtains actual knowledge of such failure, act or circumstance or the Trustee or the Certificate Administrator, as
applicable, receives written notice of such failure from the 

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Servicer, the Special Servicer, the Depositor or Holders of the Certificates
evidencing, in the aggregate, not less than 25% of the Voting Rights of the Regular Certificates;

 

(v)       neither
the Trustee nor the Certificate Administrator, as applicable, shall in any way be liable by reason of any insufficiency in the
Trust Fund unless it is determined by a court of competent jurisdiction that the Trustee’s or the Certificate Administrator,
as applicable, negligence, bad faith or willful misconduct was the primary cause of such insufficiency;

 

(vi)      neither
the Trustee nor the Certificate Administrator, as applicable, shall be obligated to investigate whether any information provided
to or received by the Trustee or the Certificate Administrator, as applicable, with respect to the Mortgage Loan or the Certificates
is required to maintained on a confidential basis; and

 

(vii)     for
all purposes under this Agreement, neither the Trustee nor the Certificate Administrator shall be required to take any action
with respect to, or be deemed to have notice or knowledge of any Mortgage Loan Event of Default, Servicer Termination Event, Special
Servicer Termination Event or Operating Advisor Termination Event, unless a Responsible Officer of the Trustee or the Certificate
Administrator, as applicable, has actual knowledge thereof or shall have received written notice thereof. In the absence of receipt
of such notice and such actual knowledge otherwise obtained, the Trustee or the Certificate Administrator, as applicable may conclusively
assume that there is no Mortgage Loan Event of Default, Servicer Termination Event, Special Servicer Termination Event or Operating
Advisor Termination Event.

 

(d)      None
of the provisions contained in this Agreement shall in any event require the Trustee or the Certificate Administrator to (i) expend
or risk its own funds or otherwise incur personal financial liability in the performance of any of its duties hereunder or in
the exercise of any of its rights or powers hereunder if there are reasonable grounds for believing that repayment of such funds
or adequate indemnity against such risk or liability is not reasonably assured to it, or (ii) perform, or be responsible for the
manner of performance of, any of the obligations of the Servicer or the Special Servicer under this Agreement, except, with respect
to the Trustee, during such time, if any, as the Trustee shall be the successor to, and be vested with the rights, duties, powers
and privileges of, the Servicer or the Special Servicer in accordance with the terms of this Agreement. Notwithstanding anything
contained herein, neither the Trustee nor the Certificate Administrator shall be responsible and shall have liability in connection
with the duties assumed by the Authenticating Agent, and the Certificate Registrar hereunder, unless the Trustee or the Certificate
Administrator is acting in any such capacity hereunder; provided, further, that in any such capacity the Trustee
and the Certificate Administrator shall have all of the rights, protections and indemnities provided to it as Trustee and Certificate
Administrator hereunder, as applicable.

 

8.2       Certain
Matters Affecting the Trustee and the Certificate Administrator. (a) Except as otherwise provided in Section 8.1:

 

(i)        each
of the Trustee and the Certificate Administrator may request and rely upon and shall be protected in acting or refraining from
acting upon any resolution, Officer’s Certificate, auditor’s certificate or any other certificate, statement, instrument,

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opinion, report, notice, request, consent, order, approval, bond or other paper or document believed by it to be genuine and to
have been signed or presented by the proper party or parties;

 

(ii)       each
of the Trustee and the Certificate Administrator may consult with counsel and accountants, and any written advice of such counsel
or 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;

 

(iii)      neither
the Trustee nor the Certificate Administrator shall be under any obligation to exercise any of the trusts or powers vested in
it by this Agreement or to institute, conduct or defend any litigation hereunder or in relation hereto at the request, order or
direction of any of the Certificateholders, pursuant to the provisions of this Agreement, unless such Certificateholder shall
have offered to the Trustee or the Certificate Administrator, as applicable, security or indemnity reasonably satisfactory to
it against the costs, expenses and liabilities, including reasonable legal fees, which may be incurred therein or thereby; provided,
however, that nothing contained herein shall relieve the Trustee of the obligation, upon the occurrence of a Servicer Termination
Event or Special Servicer Termination Event, as the case may be (which has not been cured or waived), to exercise such of the
rights and powers vested in it by this Agreement, and to use the same degree of care and skill in their exercise as a prudent
person would exercise or use under the circumstances in the conduct of such person’s own affairs;

 

(iv)      neither
the Trustee nor the Certificate Administrator shall be liable for any action reasonably taken, suffered or omitted by it in good
faith and reasonably believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Agreement;

 

(v)       prior
to the occurrence of a Servicer Termination Event or Special Servicer Termination Event hereunder and after the curing or waiver
of such Servicer Termination Event or Special Servicer Termination Event, as applicable, that may have occurred, neither the Trustee
nor the Certificate Administrator shall be bound to ascertain or inquire as to the performance or observance of any of the terms,
conditions, covenants or agreements herein (except as specifically required by this Agreement) or to make any investigation into
the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent,
order, approval, bond or other paper or document, unless requested in writing so to do by Holders of Certificates evidencing,
in the aggregate, not less than 25% of the Voting Rights of the outstanding Certificates; provided, however, if
the payment within a reasonable time to the Trustee or the Certificate Administrator of the costs, expenses or liabilities likely
to be incurred by either party in the making of such investigation is, in the opinion of the Trustee or the Certificate Administrator,
not reasonably assured to the Trustee or the Certificate Administrator by the security afforded to it by the terms of this Agreement,
the Trustee or the Certificate Administrator, as applicable, may require indemnity reasonably satisfactory to it against such
costs, expenses or liabilities as a condition to taking any such action. The reasonable expense of every such investigation shall
be paid by the Trust pursuant to Section 3.4(c) in

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the event that such investigation
relates to a Servicer Termination Event or Special Servicer Termination Event, if such an event shall have occurred and is continuing,
and otherwise by the Certificateholders requesting the investigation;

 

(vi)      each
of the Trustee and the Certificate Administrator may execute any of the trusts or powers hereunder or perform any duties hereunder
either directly or by or through agents or attorneys selected by it with due care but shall not be relieved of its obligations
by virtue of the use of any such agent or attorney;

 

(vii)     no
provision of this Agreement or of the Certificates shall require the Trustee or the Certificate Administrator to expend or risk
its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or thereunder, or in
the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or
adequate indemnity against such risk or liability is not reasonably assured to it;

 

(viii)    the
Certificate Administrator shall not be liable for any loss on any investment of funds made by it pursuant to the terms of this
Agreement other than as set forth in Section 3.8 (and other than investments made with the Certificate Administrator as
an obligor on such investments in its individual commercial capacity);

 

(ix)      neither
the Trustee nor the Certificate Administrator shall be required to post any kind of bond or surety in connection with the execution
and performance of its duties hereunder;

 

(x)       neither
the Trustee nor the Certificate Administrator, as applicable, hereunder shall be personally liable hereunder by reason of any
act or failure to act of any predecessor or successor Trustee or Certificate Administrator, as applicable, hereunder.

 

(b)       Following
the Closing Date, neither the Trustee nor the Certificate Administrator shall accept any contribution of assets to the Trust Fund
not specifically contemplated by this Agreement.

 

(c)       All
rights or actions under this Agreement or under any of the Certificates, enforceable by the Trustee or the Certificate Administrator
may be enforced by such party without the possession of any of the Certificates, or the production thereof at the trial or other
proceeding relating thereto, and any such suit, action or proceeding instituted by the Trustee or the Certificate Administrator,
as applicable, shall be brought in its name for the benefit of all the Holders of such Certificates, subject to the provisions
of this Agreement.

 

(d)       In
order to comply with the laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions,
including, without limitation, those relating to the funding of terrorist activities and money laundering including Section 326
of the USA PATRIOT Act (“Applicable Laws”), each of the Trustee and the Certificate Administrator is required
to obtain, verify, record and update certain information relating to individuals and entities which maintain a business relationship
with the Trustee or the Certificate Administrator, as applicable. Accordingly, each of the parties agrees to provide to the Trustee
or the Certificate Administrator, as applicable, upon its request from time to time, such identifying information and 

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documentation
as may be available for such party in order to enable the Trustee to comply with Applicable Laws.

 

8.3       Neither
the Trustee nor the Certificate Administrator is Liable for Certificates or the Mortgage Loan. The recitals contained herein
and in the Certificates (other than the signature and authentication of the Certificate Administrator on the Certificates) shall
not be taken as the statements of the Trustee or the Certificate Administrator and the Trustee and the Certificate Administrator
assume no responsibility for their correctness. The Trustee and the Certificate Administrator make no representations as to the
validity or sufficiency of this Agreement (other than its execution of this Agreement), the Certificates or of the Mortgage Loan
or related documents except as expressly set forth herein. Neither the Trustee nor the Certificate Administrator shall be liable
for any action or failure to take any action by the Loan Seller under the related Trust Loan Purchase Agreement, including, without
limitation, in connection with any failure of the Loan Seller to properly prepare each of the documents and/or instruments referred
to in clauses (iii)(B), (iii)(C), (iii)(H), (iii)(I) and (iii)(J) of the definition of Mortgage Loan
File in Section 2.1(b), and neither the Trustee nor the Certificate Administrator shall be required to take any action
in connection with such action or failure of the Loan Seller (except to the extent otherwise expressly required pursuant to this
Agreement). The Trustee and the Certificate Administrator shall not be liable for any action or failure of any action by the Depositor,
the Servicer, the Special Servicer or the Operating Advisor hereunder. The Trustee and the Certificate Administrator shall not
at any time have any responsibility or liability for or with respect to the legality, ownership, title, recordability, collectability,
suitability, genuineness, validity or enforceability of the Mortgage or any other Collateral Security Documents or the Mortgage
Loan, or the perfection, sufficiency and priority of the Mortgage or any other Collateral Security Documents or the maintenance
of any such perfection and priority, or for or with respect to the efficacy of the Trust or its ability to generate the payments
to be distributed to Certificateholders under this Agreement, including, without limitation, the existence, condition and ownership
of the Property; the existence and enforceability of any hazard insurance thereon; the validity of the assignment of the Mortgage
Loan to the Trust; the performance or enforcement of the Mortgage Loan (other than with respect to the Servicer or the Special
Servicer, if the Trustee shall assume the duties of the Servicer and/or the Special Servicer, respectively, pursuant to Section
7.2 and then only to the extent of the obligations of the Servicer or the Special Servicer, as applicable, hereunder); the
compliance by the Depositor, the Borrower Related Parties, the Servicer and the Special Servicer with any warranty or representation
made under this Agreement or in any related document or the accuracy of any such warranty or representation made under this Agreement
or in any related document prior to the Trustee’s or the Certificate Administrator’s, as applicable, receipt of notice
or other discovery of any noncompliance therewith or any breach thereof; any investment of monies by or at the direction of the
Servicer or the Special Servicer or any loss resulting therefrom (other than investments made with the Trustee or the Certificate
Administrator in its commercial capacity); the failure of the Servicer, the Special Servicer or any sub-servicer to act or perform
any duties required of it hereunder; or any action by the Trustee or the Certificate Administrator taken at the direction of the
Servicer or the Special Servicer (other than with respect to the Trustee, if the Trustee shall assume the duties of the Servicer
or the Special Servicer); provided, however, the foregoing shall not relieve the Trustee or the Certificate Administrator
of its obligation to perform its duties under this Agreement. Except with respect to a claim based on the Trustee’s or the
Certificate Administrator’s, as applicable, negligent action, negligent failure to act or willful misconduct (or such other
standard of care as may be provided herein with respect 

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to any particular matter), no recourse shall be had for any claim based
on any provisions of this Agreement, the Certificates, the Mortgage, the Property, the Collateral Security Documents or the Mortgage
Loan or assignment thereof against the Trustee or the Certificate Administrator in their individual capacity, the Trustee and
the Certificate Administrator shall not have any personal obligation, liability or duty whatsoever to any Certificateholder or
any other Person with respect to any such claim, and any such claim shall be asserted solely against the Trust or any indemnitor
who shall furnish indemnity as provided in this Agreement. Neither the Trustee nor the Certificate Administrator shall have any
responsibility for filing any financing or continuation statements in any public office at any time or to otherwise perfect or
maintain the perfection of any security interest or lien granted to it hereunder or to record this Agreement (unless, with respect
to the Trustee, the Trustee shall have become the successor Servicer or Special Servicer). Neither the Trustee nor the Certificate
Administrator shall be accountable for the use or application by the Depositor of any of the Certificates or of the proceeds of
such Certificates or for the use or application of any funds paid to the Depositor in respect of the assignment of the Mortgage
Loan to the Trust, or for the use or application of any funds deposited in or withdrawn from the Collection Account or any account
maintained by or on behalf of the Servicer or the Special Servicer (except to the extent that the Collection Account is held by
the Trustee or the Certificate Administrator in their commercial capacities), or for investment of such amounts (other than investments
made with the Trustee or the Certificate Administrator in their commercial capacities).

 

Neither
the Trustee nor the Certificate Administrator, by reason of the action or inaction of a Responsible Officer or Responsible Officers
of the Trustee or the Certificate Administrator, as applicable, nor any of their respective directors, officers, employees, Affiliates
or agents shall have any liability to the Trust, the Certificateholders or the Companion Loan Holder(s) for any action taken or
for refraining from the taking of any action in good faith pursuant to this Agreement, for actions taken or not taken at the direction
of the Certificateholders or the Companion Loan Holder(s) or for errors in judgment; provided, however, this provision
shall not protect the Trustee, the Certificate Administrator or any such Person against any liability which would otherwise be
imposed by reason of negligence, bad faith or willful misconduct of the Trustee, the Certificate Administrator or any such Person,
as applicable. Except with respect to any fidelity bond required pursuant to Section 8.6, the Trustee and the Certificate
Administrator will not be required to post any kind of bond or surety in connection with the execution and performance of its
duties under this Agreement. In no event will the Trustee or the Certificate Administrator, as applicable, be liable for punitive,
special, indirect or consequential loss or damage of any kind whatsoever (including but not limited to lost profits), even if
the Trustee or the Certificate Administrator, as applicable, has been advised of the likelihood of such loss or damage, or be
liable for any failure or delay in the performance of its obligations hereunder due to force majeure or acts of God. Subject to
Section 8.12(a), the Trustee, the Certificate Administrator and any of their respective directors, officers, employees,
Affiliates or Controlling Persons shall be indemnified by the Trust and the Companion Loan Holder(s) pursuant to Section 3.4(c) out of amounts on deposit in the Collection Account, to the extent provided under the Co-Lender Agreement, and held harmless
against any and all claims, losses, liabilities, demands, foreclosures, damages, penalties, fines, forfeitures, legal fees, liabilities
or expenses and related costs, judgments or other costs, liabilities or expenses incurred in connection with or related to the
Trustee’s or the Certificate Administrator’s performance of their respective powers and duties under this Agreement
(including, without limitation, performance under Section 8.1 hereof); provided, however, this provision
shall not protect the Trustee, the Certificate Administrator or any such 

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Person against, or provide any of them indemnification
for, any liability which would otherwise be imposed by reason of negligence, bad faith or willful misconduct of the Trustee, the
Certificate Administrator or any such Person. The indemnification provided hereunder shall survive the resignation or removal
of the Trustee or the Certificate Administrator, as applicable, and the termination of this Agreement. Anything herein to the
contrary notwithstanding, the Trustee shall be responsible for its acts or failure to act as Servicer and/or the Special Servicer
during the time the Trustee is serving as such pursuant and subject to the terms of this Agreement.

 

Subject
to the terms of this Agreement, except as otherwise provided herein,, neither the Certificate Administrator nor the Trustee will
have any duty (except, with respect to the Trustee, in the capacity as a successor Servicer or successor Special Servicer) (A)
to see to any recording, filing or depositing of any agreement or any financing statement or continuation statement evidencing
a security interest, or to see to the maintenance of any such recording or filing or depositing or to any re-recording, refiling
or redepositing thereof, (B) to see to any insurance, and (C) to confirm or verify the contents of any reports or certificates
of the Servicer or the Special Servicer delivered to the Trustee or the Certificate Administrator, as the case may be, reasonably
believed by the Trustee or the Certificate Administrator, as the case may be, to be genuine and to have been signed or presented
by the proper party or parties.

 

8.4       Trustee
and Certificate Administrator May Own Certificates. The Trustee and the Certificate Administrator in their individual or any
other capacity may become the owner or pledgee of Certificates with the same rights, powers, and privileges as it would have if
they were not the Trustee or the Certificate Administrator.

 

8.5       Trustee’s
and Certificate Administrator’s Fees and Expenses. As compensation for its activities hereunder, on each Distribution
Date the Certificate Administrator shall be entitled to the Trustee/Certificate Administrator Fee (including that portion which
is payable to the Trustee as the Trustee Fee). Except as otherwise provided herein, the Trustee/Certificate Administrator Fee
includes all routine expenses of the Trustee, the Certificate Administrator and the Authenticating Agent. As compensation for
the performance of its duties hereunder, the Trustee shall be paid the Trustee Fee (which shall be payable out of the Trustee/Certificate
Administrator Fee), which shall cover recurring and otherwise reasonably anticipated expenses of the Trustee. The Trustee/Certificate
Administrator Fee (which shall not be limited to any provision of law in regard to the compensation of a trustee of an express
trust) shall constitute the Certificate Administrator’s and the Trustee’s sole form of compensation (unless otherwise
set forth herein) for all services rendered by each entity in the execution of the trust hereby created and in the exercise and
performance of any of the powers and duties of the Certificate Administrator and the Trustee hereunder. Each of the Trustee’s
and the Certificate Administrator’s rights to the Trustee/Certificate Administrator Fee (including that portion of the Trustee/Certificate
Administrator Fee that represents the Trustee Fee, which is payable to the Trustee) may not be transferred in whole or in part
except in connection with the transfer of all of the Trustee’s or Certificate Administrator’s, as applicable, responsibilities
and obligations under this Agreement. The Trustee and the Certificate Administrator shall be entitled to be reimbursed for all
reasonable expenses, disbursements and advances incurred or made by the Trustee or the Certificate Administrator, as applicable,
in accordance with any of the provisions of this Agreement (including the reasonable fees and expenses of its counsel and of all
Persons not regularly in its employ), provided such cost would qualify as an “unanticipated expense incurred 

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by the REMIC”
within the meaning of the REMIC Provisions, except any such expense, disbursement or advance as may arise from its negligence,
bad faith or willful misconduct or which is expressly the responsibility of a Certificateholder or a group of Certificateholders
hereunder, all of which reimbursements to be paid from amounts on deposit in the Collection Account pursuant to Section 3.4(c);
provided, however, neither the Trustee nor the Certificate Administrator shall refuse to perform any of their obligations
hereunder solely as a result of the failure to be paid any fees and expenses (a) so long as payment of such fees and expenses
are reasonably assured to it, or (b) to the extent that the Trustee’s or the Certificate Administrator’s, as applicable,
obligations hereunder are expressly contingent upon the receipt of an indemnity from the Certificateholders, that it has received
such indemnity. The Trustee and the Certificate Administrator shall provide the Servicer with an invoice, on or prior to each
Payment Date, setting forth the actual expenses incurred in connection with the performance of its duties hereunder for which
it seeks payment or reimbursement. Notwithstanding any other provision of this Agreement, neither the Trustee nor the Certificate
Administrator shall be entitled to reimbursement from the Trust for an expense incurred under this Agreement in connection with
the performance of its ordinary and regularly recurring duties hereunder unless such reimbursement is expressly provided for herein
or otherwise permitted hereunder.

 

8.6       Eligibility
Requirements for the Trustee and the Certificate Administrator; Errors and Omissions Insurance. (a) Each of the Trustee and
the Certificate Administrator hereunder shall at all times be a Qualified Certificate Administrator or Qualified Trustee, as applicable,
and shall not be an Affiliate of the Borrower, any Loan Seller, any Mezzanine Borrower, or the Depositor or an Affiliate of the
Servicer or the Special Servicer (except during any period when the Trustee has assumed the duties of the Servicer and/or Special
Servicer pursuant to Section 7.2). In addition the Trustee shall satisfy the requirements for a trustee contemplated by
clause (a)(4)(i) of Rule 3a-7 under the Investment Company Act of 1940, as amended. If a corporation, association or trust company
publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining
authority, then for purposes of this Section 8.6(a) the combined capital and surplus of such entity shall be deemed to
be its combined capital and surplus as set forth in its most recent report of condition so published. In the event that the place
of business from which the Trustee or the Certificate Administrator, as applicable, administers the Trust Fund is a state or local
jurisdiction that imposes a tax on the Trust, the Trustee or the Certificate Administrator, as applicable, shall elect either
to (i) resign immediately in the manner and with the effect specified in Section 8.7, (ii) pay such tax from its own funds
and continue as Trustee or Certificate Administrator, as applicable, or (iii) administer the Trust Fund from a state and local
jurisdiction that does not impose such a tax. In case at any time the Trustee or the Certificate Administrator shall cease to
be eligible in accordance with the provisions of this Section 8.6(a), the Trustee or the Certificate Administrator, as
applicable, shall resign immediately in the manner and with the effect specified in Section 8.7.

 

(b)       Each
of the Certificate Administrator and the Trustee shall obtain and maintain at its own expense, and keep in full force and effect
throughout the term of this Agreement, a blanket fidelity bond and an errors and omissions insurance policy covering the Trustee’s
or the Certificate Administrator’s, as applicable, directors, officers and employees acting on behalf of the Trustee or
the Certificate Administrator, as applicable, in connection with its activities under this Agreement; provided, that if
the unsecured long-term debt of the Trustee or

 

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the Certificate Administrator, as applicable, is not rated at least “A3”
by Moody’s and “A” by DBRS Morningstar, then the claims paying ability of the insurer under such applicable
error and omissions insurance policy must be rated at least “A3” by Moody’s and “A” by DBRS Morningstar.
Such insurance policy shall protect the Trustee or the Certificate Administrator, as applicable, against losses, forgery, theft,
embezzlement, fraud, errors and omissions of such covered persons. The amount of coverage shall be at least equal to the coverage
that is required by applicable governmental authorities having regulatory power over the Trustee or the Certificate Administrator,
as applicable. In the event that any such bond or policy ceases to be in effect, the Trustee or the Certificate Administrator,
as applicable, shall obtain a comparable replacement bond or policy. In lieu of the foregoing, but subject to this Section
8.6(b), the Trustee and the Certificate Administrator, as applicable, shall be entitled to self-insure with respect to such
risks so long as its (or its immediate or remote parent’s) long-term unsecured debt is rated at least “A3” by
Moody’s and at least “A” by DBRS Morningstar or, if not then rated by a particular Rating Agency, either (x)
rated no lower than an equivalent rating by at least two other NRSROs (which may include the other Rating Agency) or (y) rated
no lower than “A-:VIII” by A.M. Best Company, Inc.

 

8.7       Resignation
and Removal of the Trustee or the Certificate Administrator. Each of the Trustee and the Certificate Administrator may at
any time resign and be discharged from the trusts hereby created (i) by giving written notice of resignation to the other such
party, the Depositor, the Initial Purchasers, the Servicer, the Special Servicer, the Certificate Registrar (if other than the
Trustee), the Companion Loan Holder(s), the Operating Advisor and the 17g-5 Information Provider, who shall post such notice on
the 17g-5 Information Provider’s Website pursuant to Section 8.14(b), and by mailing notice of resignation by first
class mail, postage prepaid, to the Certificateholders at their addresses appearing on the Certificate Register, not less than
60 days before the date specified in such notice when, subject to Section 8.8, such resignation is to take effect, and
(ii) only upon acceptance by a successor Trustee or Certificate Administrator, as applicable, appointed by the Depositor in accordance
with Section 8.8 meeting the qualifications set forth in Section 8.6. Upon receipt of such notice of resignation,
the Depositor shall promptly appoint a successor Trustee or Certificate Administrator, as applicable, the appointment of which
would not, in and of itself, result in a downgrade, qualification or withdrawal by the Rating Agencies of the then-current ratings
assigned to the Certificates, as evidenced by a written confirmation from each Rating Agency, in triplicate, which written confirmation
shall be delivered to the resigning Trustee or Certificate Administrator, and to the successor Trustee or Certificate Administrator,
as applicable. If no successor Trustee or Certificate Administrator shall have been so appointed and shall have accepted appointment
within 90 days after the giving of such notice of resignation, the resigning Trustee or Certificate Administrator, as applicable,
may petition any court of competent jurisdiction for the appointment of a successor Trustee or Certificate Administrator, as applicable,
at the expense of the Trust.

 

If
at any time any of the following occur: (x) the Trustee or the Certificate Administrator shall cease to be eligible in accordance
with the provisions of Section 8.6 and shall fail to resign after written request for the Trustee’s or the Certificate
Administrator’s resignation by the Depositor, the Servicer or the Special Servicer, as applicable; (y) the Trustee or the
Certificate Administrator materially defaults in the performance of its obligations under this Agreement; or (z) if at any time
the Trustee or the Certificate Administrator shall become incapable of action, or shall be adjudged a bankrupt or insolvent, or
a receiver of the Trustee or

 

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the Certificate Administrator or of either of their property shall be appointed, or any public officer
shall take charge or control of the Trustee or Certificate Administrator or of its property or affairs for the purpose of rehabilitation,
conservation or liquidation, then in any such case, the Depositor may remove the Trustee or the Certificate Administrator, as
applicable, and appoint a successor Trustee or Certificate Administrator, as applicable, by written instrument, in duplicate,
executed by an authorized officer of the Depositor, one copy of which instrument shall be delivered to the Trustee or the Certificate
Administrator, as applicable, so removed and one copy to the successor Trustee or Certificate Administrator, as applicable. Holders
of Certificates evidencing, in the aggregate, not less than a majority of the Voting Rights of the outstanding Certificates, may
at any time remove the Trustee or the Certificate Administrator and appoint a successor Trustee or Certificate Administrator,
as applicable, by written instrument or instruments, in triplicate, signed by such Holders or their attorney-in-fact duly authorized,
one complete set of which instrument or instruments shall be delivered to the Depositor (with a copy to the Servicer and the Special
Servicer), one complete set to the Trustee or the Certificate Administrator, as applicable, so removed and one complete set to
the successor(s) so appointed. Notice of any removal of the Trustee or the Certificate Administrator and acceptance of appointment
by the successor Trustee or Certificate Administrator shall be given to the Rating Agencies (through the successor 17g-5 Information
Provider’s Website, as applicable) and the Initial Purchasers by the successor Trustee or Certificate Administrator, as
applicable. No removal of the Trustee or the Certificate Administrator shall be effective until all reasonable fees, costs, expenses
and Advances (including interest thereon) to which it is entitled have been paid to the Trustee or Certificate Administrator,
as applicable, in full; provided that, if the Trustee or the Certificate Administrator is terminated by the Depositor pursuant
to the first sentence of this paragraph, or if the Trustee or the Certificate Administrator is terminated with cause by the Holders
of Certificates evidencing, in the aggregate, more than 50% of the Voting Rights of all Certificates as provided above in this
paragraph, then the terminated party shall be required to pay all reasonable costs and expenses (including those incurred by the
other parties hereto (including, without limitation, the reasonable fees of counsel)) to transfer the rights and obligations of
the terminated party to a successor trustee or certificate administrator, as applicable; and provided, further,
that if the Trustee or the Certificate Administrator is terminated without cause by the Holders of Certificates evidencing more
than 50% of the Voting Rights of all Certificates as provided above in this paragraph, then such Holders will be required to pay
all the reasonable costs and expenses of the terminated party necessary to effect the transfer of the rights and obligations of
the terminated party to a successor trustee or certificate administrator, as applicable.

 

Any
resignation or removal of the Trustee or Certificate Administrator shall not become effective until acceptance of the appointment
by the successor Trustee or Certificate Administrator, as applicable, as provided in Section 8.8.

 

8.8       Successor
Trustee or Successor Certificate Administrator. Any successor Trustee or Certificate Administrator appointed as provided in
Section 8.7 shall execute, acknowledge and deliver to the Depositor, the Servicer, the Special Servicer, the Operating
Advisor and to and its predecessor trustee or certificate administrator an instrument (i) accepting such appointment hereunder
and (ii) making the representations and warranties of the Trustee or the Certificate Administrator, as applicable, as provided
in Sections 2.3 and 2.4, respectively, and thereupon the resignation or removal of the predecessor trustee or certificate
administrator shall become effective and such successor Trustee or Certificate Administrator, as applicable, without 

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any further
act, deed or conveyance, shall become fully vested with all the rights, powers, duties and obligations of its predecessor hereunder,
with the like effect as if originally named as trustee or certificate administrator herein. The predecessor Certificate Administrator
shall deliver or cause to be delivered to the successor Certificate Administrator, as applicable, the Mortgage Loan File and related
documents and statements held by it hereunder, and the Depositor, the Servicer, the Special Servicer, the Operating Advisor and
the predecessor trustee or certificate administrator shall execute and deliver such instruments and do such other things as may
reasonably be required for more fully and certainly vesting and confirming in the successor Trustee or Certificate Administrator
all such rights, powers, duties and obligations, subject, however, to the payment of all amounts due to the predecessor Trustee
or Certificate Administrator, as applicable, under this Agreement.

 

No
successor Trustee or Certificate Administrator shall accept appointment as provided in this Section unless at the time of such
acceptance such successor Trustee or Certificate Administrator shall be eligible under the provisions of Section 8.6 and
its appointment shall not result in the qualification, downgrading, or withdrawal of the current rating of any Class of the Certificates
(prior to the resignation or termination of the Trustee or Certificate Administrator).

 

Upon
acceptance of appointment by a successor Trustee or Certificate Administrator as provided in this Section, the successor Trustee
or Certificate Administrator shall mail notice of the succession of such successor Trustee or Certificate Administrator hereunder
to all Certificateholders at their addresses as shown in the Certificate Register, the Depositor, the Initial Purchasers, the
Servicer, the Special Servicer, the Operating Advisor and the Borrower Parties.

 

No
Trustee or Certificate Administrator hereunder shall be personally liable hereunder by reason of any act or failure to act of
any predecessor or successor Trustee or of any predecessor or successor Trustee certificate administrator, as applicable, hereunder.

 

8.9       Merger
or Consolidation of the Trustee or the Certificate Administrator. Any Person into which the Trustee or the Certificate Administrator
may be merged or converted or with which either may be consolidated or any Person resulting from any merger, conversion or consolidation
to which the Trustee or the Certificate Administrator shall be a party, or any Person succeeding to all or substantially all of
the corporate trust business of the Trustee or the Certificate Administrator shall be the successor of the Trustee or the Certificate
Administrator, as applicable, and shall be deemed to have assumed all of the liabilities and obligations of the Trustee or the
Certificate Administrator, as applicable, hereunder, provided that (i) such Person shall be eligible under the provisions of Section
8.6, without the execution or filing of any paper or further act on the part of any of the parties hereto, anything herein
to the contrary notwithstanding and (ii) Rating Agency Confirmation shall have been delivered to such Person.

 

8.10     Appointment
of Co-Trustee or Separate Trustee. (a) At any time or times, for the purpose of meeting any legal requirements of any jurisdiction
in which any part of the Property may at the time be located or in which any action of the Trustee may be required to be performed
or taken, the Trustee, the Depositor or the Holders of Certificates evidencing, in the aggregate, a majority of the Voting Rights
of the outstanding Certificates, by an instrument in writing signed by it or them, may appoint one or more individuals or corporations
approved by the 

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Trustee to act as separate trustee or separate trustees or co-trustees, acting jointly with the Trustee, of all
or any part of the Property, to the full extent that local law makes it necessary for such separate trustee or separate trustees
or co-trustee acting jointly with the Trustee to act. The fees and expenses of any separate trustee or co-trustee shall be paid
by the Trust pursuant to Section 3.4(c).

 

(b)       The
Trustee shall execute, acknowledge and deliver all such instruments as may be required by the legal requirements of any jurisdiction
or by any such separate trustee or separate trustees or co-trustee for the purpose of more fully conferring such title, rights
or duties to such separate trustee or separate trustees or co-trustee, it, he, she or they shall be vested with such title to
the Property or any part thereof, and with such rights, powers, duties and obligations as shall be specified in the instrument
of appointment, and such rights, powers, duties and obligations shall be conferred or imposed upon and exercised or performed
by the Trustee, or the Trustee and such separate trustee or separate trustees or co-trustees jointly with the Trustee subject
to all the terms of this Agreement, except to the extent that under any law of any jurisdiction in which any particular act or
acts are to be performed shall be exercised and performed by such separate trustee or separate trustees or co-trustee, as the
case may be. Any separate trustee or separate trustees or co-trustee may, at any time by an instrument in writing, constitute
the Trustee, its attorney-in-fact and agent with full power and authority to do all acts and things and to exercise all discretion
on its behalf and in its, her or his name. In the event that any such separate trustee or co-trustee shall die, become incapable
of acting, resign or be removed, the title to the Property and all assets, property, rights, powers, duties and obligations of
such separate trustee or co-trustee shall, so far as permitted by-law, vest in and be exercised by the Trustee, without the appointment
of a successor to such separate trustee or co-trustee unless and until a successor is appointed.

 

(c)       All
provisions of this Agreement which are for the benefit of the Trustee or the Certificate Administrator shall extend to and apply
to (in the case of the Trustee) each separate trustee or co-trustee appointed pursuant to the foregoing provisions of this Section
8.10, and to the Trustee or the Certificate Administrator, as applicable, in each capacity that it may assume hereunder, including,
without limitation, its capacity as Certificate Registrar, Authenticating Agent, Custodian and 17g-5 Information Provider, as
applicable.

 

(d)       Every
co-trustee and separate trustee hereunder shall, to the extent permitted by-law, be appointed and act and the Trustee shall act,
subject to the following provisions and conditions: (i) all powers, duties, obligations and rights conferred upon the Trustee
in respect of the receipt, custody, investment and payment of monies shall be exercised solely by the Trustee; (ii) all other
rights, powers, duties and obligations conferred or imposed upon the Trustee shall be conferred or imposed and exercised or performed
by the Trustee and such co-trustee or trustees and separate trustee or trustees jointly except to the extent that under any law
of any jurisdiction in which any particular act or acts are to be performed, the Trustee shall be incompetent or unqualified to
perform such act or acts, in which event such rights, powers, duties and obligations shall be exercised and performed by such
co-trustee or trustees; (iii) no power hereby given to, or exercisable by, any such co-trustee or separate trustee shall be exercised
hereunder by such co-trustee or separate trustees except jointly with, or with the consent of, the Trustee; and (iv) no trustee
hereunder shall be personally liable by reason of any act or omission of any other trustees hereunder.

 

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If,
at any time, the Trustee shall deem it no longer necessary or prudent in order to conform to any such law, the Trustee shall execute
and deliver all instruments and agreements necessary or proper to remove any co-trustee or separate trustee. Notwithstanding the
foregoing, the appointment of a co-trustee or separate trustee by the Trustee shall not relieve the Trustee of its obligations,
duties, or responsibilities in any way or to any degree.

 

(e)         Any
request, approval or consent in writing by the Trustee to any co-trustee or separate trustee shall be sufficient warrant to such
co-trustee or separate trustee, as the case may be, to take such action as may be so required, approved or consented to.

 

(f)          Notwithstanding
any other provision of this Section 8.10, the powers of any co-trustee or separate trustee shall not exceed those of the
Trustee hereunder, and such co-trustee or separate trustee shall meet the eligibility requirements set forth in Section 8.6.

 

8.11       Appointment
of Authenticating Agent. (a) The Certificate Administrator may appoint an agent or agents which shall be authorized to
act on behalf of the Certificate Administrator to authenticate Certificates (each such agent, an “Authenticating Agent”),
and Certificates so authenticated shall be entitled to the benefits of this Agreement and shall be valid and obligatory for all
purposes as if authenticated by the Certificate Administrator hereunder. Wherever a reference is made in this Agreement to the
authentication and delivery of Certificates by the Certificate Administrator or the Certificate Administrator’s certificate
of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Certificate Administrator
by an Authenticating Agent and a certificate of authentication executed on behalf of the Certificate Administrator by an Authenticating
Agent. Each Authenticating Agent shall, at all times, be a corporation or association organized and doing business under the laws
of the United States of America, any State thereof or the District of Columbia, authorized under such law to act as Authenticating
Agent, having a combined capital and surplus of not less than $15,000,000, authorized under such laws to do trust business and
subject to supervision or examination by federal or state authorities. If such Authenticating Agent publishes reports of condition
at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of
this Section 8.11 the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital
and surplus as set forth in its most recent report of condition so published. If, at any time, an Authenticating Agent shall cease
to be eligible in accordance with the provisions of this Section 8.11, such Authenticating Agent shall resign immediately
in the manner and with the effect specified in this Section 8.11. The initial Authenticating Agent shall be the Certificate
Administrator.

 

(b)         Any
Person into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any Person resulting
from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any Person succeeding to
the corporate agency business of an Authenticating Agent, shall continue to be an Authenticating Agent, without the execution
or filing of any paper or any further act on the part of the Trustee or the Authenticating Agent, provided such Person shall be
otherwise eligible under this Section 8.11.

 

(c)         An
Authenticating Agent may resign at any time by giving at least 30 days’ advance written notice thereof to the Servicer or
the Special Servicer, as applicable, and the

 

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Depositor
and the Certificate Administrator. The Certificate Administrator may at any time terminate the agency of an Authenticating Agent
by giving written notice thereof to such Authenticating Agent, the Servicer or the Special Servicer, as applicable, and the Depositor
and the Certificate Administrator. Upon receiving such a notice of resignation or upon such a termination, or in case at any time
such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section 8.11, the Certificate
Administrator may appoint a successor Authenticating Agent and shall mail written notice of such appointment by first class mail,
postage prepaid to all Certificateholders as their names and addresses appear in the Certificate Register. Any successor Authenticating
Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor
hereunder, with like effect as if originally named as an Authenticating Agent herein. No successor Authenticating Agent shall
be appointed unless eligible under the provisions of this Section.

 

8.12       Trustee
and Certificate Administrator Indemnification; Third-Party Claims . (a) Each of the Trustee and the Certificate Administrator
and any director, officer, employee or agent of the Trustee or the Certificate Administrator, as applicable, shall be indemnified
and held harmless by the Trust and the Companion Loan Holder(s), out of the proceeds of the Mortgage Loan against any and all
claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any other costs, liabilities, fees
and expenses incurred in connection with any legal action relating to this Agreement, other than any loss, liability or expense
(i) specifically required to be borne by the party seeking indemnification, without right of reimbursement pursuant to the terms
of this Agreement; (ii) incurred in connection with any legal action or claim against the party seeking indemnification, resulting
from any breach on the part of that party of a representation or warranty made in this Agreement; or (iii) incurred in connection
with any legal action or claim against the party seeking indemnification, resulting from any negligence, bad faith or willful
misconduct on the part of that party in the performance of its obligations or duties under this Agreement or negligent disregard
of such obligations or duties. The Trust shall pay, from amounts on deposit in the Collection Account pursuant to Section 3.4,
all expenses in connection therewith, including counsel fees, and promptly pay, discharge and satisfy any judgment or decree which
may be entered against it or them in respect of such claim. The indemnification provided herein shall survive the termination
of this Agreement and the termination or resignation of the Trustee and/or the Certificate Administrator, as applicable.

 

(b)         Each
of the Trustee and the Certificate Administrator (each, in such indemnifying capacity and for purposes of this Section 8.12(b),
an “Indemnifying Party”) agrees severally and not jointly to indemnify the Trust and each of (other than itself)
the Depositor, the Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor and any director,
officer, employee or agent or Controlling Person of any of the foregoing Persons (each, in such indemnified capacity and for purposes
of this Section 8.12(b), an “Indemnified Party”), and hold them harmless against any and all claims,
losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments or other costs and expenses
(including reasonable attorneys’ fees incurred in connection with any legal action related to such Indemnifying Party’s
negligence, bad faith or willful misconduct) that the applicable Indemnified Party, may sustain arising from or as a result of
the negligence, bad faith or willful misconduct in the performance of duties hereunder or by reason of negligent disregard of
obligations and duties hereunder by such Indemnifying Party other than any claims, losses, damages, penalties, fines, forfeitures,
legal fees and expenses and related costs, judgments or other costs and expenses

 

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incurred by reason of negligence, bad
faith or willful misconduct in the performance of any of such Indemnified Party’s duties hereunder or by reason of negligent
disregard of such obligations and duties hereunder. Such indemnification obligation shall survive the termination or resignation
of the Indemnifying Party hereunder and the termination of this Agreement. Except as provided in the following sentence (as it
may apply to any payments made hereunder to the Trust), the Indemnifying Party shall not be entitled to reimbursement from the
Trust for any payment made by the Indemnifying Party pursuant to this Section 8.12(b); provided, however,
that nothing in this Section 8.12(b) shall deprive (i) the Trustee or the Certificate Administrator of any limitation on
its liability or right to indemnification from the Trust provided to such party as and to the extent provided by Section 8.12(a),
or (ii) the Depositor, the Servicer, the Special Servicer or the Operating Advisor of any limitation on its liability or right
to indemnification from the Trust provided to such party as and to the extent provided by Section 6.3. Any expenses incurred
or indemnification payments made by the Indemnifying Party shall be reimbursed by the party so paid or which received the benefit
of such payment, if a court of competent jurisdiction makes a final, non-appealable judgment that the Indemnifying Party was not
culpable or was found not to have acted with negligence, bad faith or willful misconduct in connection with the conduct in question.

 

The
17g-5 Information Provider shall indemnify and hold harmless the Depositor from and against any claims, losses, damages, penalties,
fines, forfeitures, legal fees and expenses and related costs, judgments and other costs and expenses incurred by the Depositor
or its Affiliates that arise out of or are based upon (i) a breach by the 17g-5 Information Provider of its obligations under
this Agreement or (ii) negligence, bad faith or willful misconduct on the part of the 17g-5 Information Provider in the performance
of such obligations or its negligent disregard of its obligations and duties under this Agreement.

 

Each
of the Authenticating Agent, the Certificate Registrar and the Certificate Administrator shall indemnify the Depositor, the Loan
Sellers, any employee, director or officer of the Depositor or any Loan Seller, and the Trust for, and hold each of them harmless
against, any and all claims, losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments
or other costs and expenses (including reasonable attorneys’ fees) incurred by such parties as a result of or relating to
a violation of the Exchange Act or the U.S. Credit Risk Retention Rules if such violation, in whole or in part, results from or
arises out of a breach by the Authenticating Agent, the Certificate Registrar or the Certificate Administrator, as the case may
be, of any of its obligations under Section 5.2(f) and Section 5.3(j) of this Agreement.

 

8.13       Certificate
Administrator and Servicer Not Responsible for Inconsistent Payment Information . In connection with any Distribution Date
and a voluntary prepayment or the payment at maturity by the Borrower Related Parties of the Mortgage Loan or any portion thereof,
the Certificate Administrator shall report the amount of such prepayment or payment to the Depository based on information received
from the Servicer or the Special Servicer in reliance on notices received from the Borrower Related Parties. In the event of any
inconsistencies in payments or prepayments made by the Borrower Related Parties with the previously delivered notices by the Borrower
Related Parties, all costs and expenses incurred as a result of a failure by the Borrower Related Parties to make any such payments
or prepayment, shall be paid by the Borrower Related Parties in accordance with the Mortgage Loan Agreement provided that the
amount of payment reported to the Depository by the Certificate Administrator was consistent with

 

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the
information received from the Servicer or the Special Servicer. If the Borrower Related Parties fail to do so, such costs and
expenses shall be reimbursed to the Certificate Administrator and to the Servicer or the Special Servicer, as applicable, by the
Trust pursuant to Section 3.4(c) from funds on deposit in the Collection Account. None of the Certificate Administrator,
the Servicer or the Special Servicer shall be liable for any inability or delay of the Depository to make a distribution as a
result of such inconsistencies. Notwithstanding the foregoing, the Certificate Administrator shall notify the Depository on the
Remittance Date or as soon as reasonably possible of any such inconsistencies.

 

8.14       Access
to Certain Information. (a) The Certificate Administrator shall afford or cause to be afforded to any Non-Restricted Privileged
Person (other than the Rating Agencies) and to the Office of Thrift Supervision, the FDIC and any other banking or insurance regulatory
authority that may exercise authority over any Certificateholder, access to any documentation regarding the Mortgage Loan or the
other assets of the Trust that are in its possession or within its control, including without limitation:

 

(i)          the
Mortgage Loan File, including any and all modifications, waivers and amendments to the terms of the Mortgage Loan entered into
or consented to by the Servicer or the Special Servicer and delivered to the Certificate Administrator (or a Custodian on its
behalf);

 

(ii)         the
annual, quarterly and monthly operating statements, if any, collected by or on behalf of the Servicer or the Special Servicer,
as applicable, and delivered to the Certificate Administrator for the Property, and

 

(iii)        all
notices and reports delivered to the Certificate Administrator with respect to the Property as to which environmental testing
revealed any failure of the Property to comply with any applicable law, including any Environmental Law, or which revealed an
environmental condition present at the Property requiring further investigation, testing, monitoring, containment, clean up, or
remediation.

 

Such
access shall be afforded without charge but only upon reasonable prior written request and during normal business hours at the
offices of the Certificate Administrator, the Trustee or the Custodian, as applicable.

 

The
Certificate Administrator (or a Custodian on its behalf) shall provide copies of the items described in this Section 8.14(a) above upon reasonable written request to the Certificateholders. The Certificate Administrator (or a Custodian on its behalf)
may require payment for the reasonable costs and expenses of providing the copies and may also require a confirmation executed
by the requesting Person, in a form reasonably acceptable to the Certificate Administrator (or a Custodian on its behalf) to the
effect that the Person making the request is a Beneficial Owner or prospective purchaser of Certificates, is requesting the information
solely for use in evaluating its investment in the Certificates and shall otherwise keep the information confidential. Certificateholders,
by the acceptance of their Certificates shall be deemed to have agreed to keep this information confidential.

 

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(b)         The
Certificate Administrator shall make available to Non-Restricted Privileged Persons (or, solely in the case of the Distribution
Date Statements, all Privileged Persons), via the Certificate Administrator’s Website, the following items (to the extent
such items were prepared by or delivered to the Certificate Administrator in electronic format to cts.cmbs.bond.admin@wellsfargo.com):

 

(i)          The
following “deal documents”:

 

(A)       the
Offering Circular and any other disclosure document relating to the Certificates, in the form most recently provided to the Certificate
Administrator by the Depositor or by any Person designated by the Depositor;

 

(B)       this
Agreement, each sub-servicing agreement delivered to the Certificate Administrator since the Closing Date (if any), the Trust
Loan Purchase Agreements and any amendments and exhibits hereto or thereto; and

 

(C)       the
CREFC® loan setup file, delivered to the Certificate Administrator by the Servicer.

 

(ii)         The
following “periodic reports”:

 

(A)       all
Distribution Date Statements prepared by the Certificate Administrator pursuant to Section 4.4(b);

 

(B)       all
CREFC® Reports (other than the CREFC® loan setup file) prepared by, or delivered to, the Certificate
Administrator pursuant to Section 3.18(a); and

 

(C)       financial
information (including, without limitation, rent rolls, financial statements, financial reports, operating statements, balance
sheets, statements of cash flow, profit and loss statements and operating budgets) and other periodic Property reports provided
pursuant to Section 3.18(c) (provided they are received by the Certificate Administrator).

 

(iii)        The
following “additional documents”:

 

(A)       summaries
of any Final Asset Status Report delivered to the Certificate Administrator pursuant to Section 3.10;

 

(B)       all
inspection reports delivered to the Certificate Administrator pursuant to Section 3.22; and

 

(C)       all
Appraisals delivered to the Certificate Administrator pursuant to Section 3.7(a);

 

(D)       all
reports delivered to the Certificate Administrator pursuant to Section 3.12(d);

 

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(iv)        The
following “special notices”:

 

(A)       any
notice of final payment on the Certificates delivered to the Certificate Administrator pursuant to Section 4.1(g);

 

(B)       any
notice of termination of the Servicer or the Special Servicer delivered to the Certificate Administrator pursuant to Section
7.1(c);

 

(C)       any
notice of a Servicer Termination Event or Special Servicer Termination Event received by the Certificate Administrator pursuant
to Section 7.1(b);

 

(D)       notice
of any request by the Certificateholders representing at least 25% of the Voting Rights for a vote to terminate and replace the
Special Servicer pursuant to Section 7.1(d);

 

(E)       any
notice of resignation or removal of the Trustee or Certificate Administrator and any notice of the acceptance of appointment by
the successor Trustee or successor Certificate Administrator pursuant to Section 8.7;

 

(F)       any
notice of an Operating Advisor Termination Event required to be posted by the Certificate Administrator pursuant to Section
9.8(a);

 

(G)       notice
of any request by the Certificateholders representing at least 15% of the Voting Rights of the Non-Reduced Certificates for a
vote to terminate and replace the Operating Advisor pursuant to Section 9.8(b);

 

(H)       any
notice of any resignation or termination of the Operating Advisor delivered to the Certificate Administrator;

 

(I)        any
and all Officer’s Certificates and other evidence delivered to the Certificate Administrator to support the Trustee’s,
the Servicer’s or the Special Servicer’s, as the case may be, determination that any Advance was (or, if made, would
be) a Nonrecoverable Advance, pursuant to Section 3.23(f);

 

(J)        any
Special Notice delivered to the Certificate Administrator pursuant to Section 5.6;

 

(K)       any
amendment to this Agreement pursuant to Section 11.1;

 

(L)       any
Annual Statements as to Compliance and related Officer’s Certificates delivered under Section 3.19;

 

(M)      all
Officers’ Certificates and accountants’ reports delivered to the Certificate Administrator since the Closing Date;

 

(N)       any
Annual Independent Public Accountants’ Servicing Reports delivered pursuant to Section 3.20;

 

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(O)       any
reports delivered to the Certificate Administrator by the Operating Advisor in connection with its review of the Special Servicer’s
Appraisal Reduction Amount and net present value calculations;

 

(P)       any
notice to Certificateholders of the Operating Advisor’s recommendation to replace the Special Servicer and the related report
prepared by the Operating Advisor in connection with such recommendation, and any direction of the requisite percentage of the
Certificateholders to terminate the Special Servicer in response to such recommendation; and

 

(Q)       identification
of the commencement of a CCR Consultation Period, a CCR Consultation Termination Period or an Operating Advisor Consultation Trigger
Event, and of the termination of a CCR Control Period, CCR Consultation Period or Operating Advisor Consultation Trigger Event;

 

(v)         the
“Investor Q&A Forum” pursuant to Section 4.5(a);

 

(vi)       solely
to Certificateholders and Beneficial Owners of Certificates, the “Investor Registry” pursuant to Section 4.5(b);
and

 

(vii)       the
“Risk Retention” tab (which shall include, without limitation, any notice from the Depositor or the Retaining Sponsor
regarding any matter related to the U.S. Credit Risk Retention Rules).

 

The
foregoing information shall be made available by the Certificate Administrator on the Certificate Administrator’s Website
promptly following receipt.

 

The
17g-5 Information Provider shall make available solely to the Rating Agencies and to NRSROs the following items to the extent
such items are delivered to it via email at 17g5informationprovider@wellsfargo.com, specifically with a subject reference
of “BWAY Commercial Mortgage Trust 2022-26BW” and an identification of the type of information being provided in the
body of the email, or via any alternate email address following notice to the parties hereto or any other delivery method established
or approved by the 17g-5 Information Provider if or as may be necessary or beneficial:

 

(i)          any
Asset Status Report delivered by the Special Servicer pursuant to Section 3.10(h);

 

(ii)         any
Environmental Reports delivered by the Special Servicer under Section 3.12(d);

 

(iii)        any
Annual Statements as to Compliance and related Officer’s Certificates delivered under Section 3.19;

 

(iv)        any
Annual Independent Public Accountants’ Servicing Reports delivered pursuant to Section 3.20;

 

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(v)         any
Appraisals delivered to the 17g-5 Information Provider pursuant to Section 3.7(a);

 

(vi)        any
information requested by the Depositor or the Rating Agencies pursuant to Section 3.21(c) (it being understood the 17g-5
Information Provider shall not disclose on the 17g-5 Information Provider’s Website which Rating Agency requested such information
as provided in Section 3.21(c));

 

(vii)       any
notices to the Rating Agencies relating to the Servicer’s or Special Servicer’s determination to take action without
receiving a Rating Agency Confirmation as set forth in Section 3.27(a);

 

(viii)      any
requests for a Rating Agency Confirmation that are delivered to the 17g-5 Information Provider pursuant to Section 3.27(a);

 

(ix)        any
Operating Advisor Annual Reports received by the 17g-5 Information Provider;

 

(x)         all
notices of termination, resignation or assignment of rights and duties of the Servicer, the Special Servicer, the Operating Advisor,
the Certificate Administrator or the Trustee (and appointments of successors to the Servicer, the Special Servicer, the Operating
Advisor, the Certificate Administrator or the Trustee) received by the 17g-5 Information Provider;

 

(xi)        any
transaction documents relating to this transaction delivered to the 17g-5 Information Provider by the Depositor;

 

(xii)       any
other information delivered to the 17g-5 Information Provider pursuant to this Agreement;

 

(xiii)      any
summary of oral communications with the Rating Agencies that are delivered to the 17g-5 Information Provider pursuant to Section
8.14(d); provided that the summary of such oral communications shall not attribute which Rating Agency the communication was
with;

 

(xiv)       any
amendment to this Agreement pursuant to Section 11.1;

 

(xv)       notice
of final payments on the Certificates;

 

(xvi)      the
Rating Agency Q&A Forum and Document Request Tool pursuant to Section 4.5(d);

 

(xvii)     any
notice of amendment of a Trust Loan Purchase Agreement delivered to the 17g-5 Information Provider pursuant to Section 19 of such
Trust Loan Purchase Agreement; and

 

(xviii)    any
notice of a Servicer Termination Event or Special Servicer Termination Event delivered to the 17g-5 Information Provider pursuant
to Section 7.1(b).

 

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The
foregoing information shall be made available by the 17g-5 Information Provider on the 17g-5 Information Provider’s Website.
The 17g-5 Information Provider shall post the foregoing information on the 17g-5 Information Provider’s Website on the same
Business Day of receipt of such information if received by 2:00 p.m., New York City time, or, if received after 2:00 p.m., New
York City time, on the next Business Day by 12:00 p.m., New York City time, and shall, promptly following the posting of such
information to the 17g-5 Information Provider’s Website, notify, or cause the notification of, (i) each registered Rating
Agency and other NRSRO and (ii) upon request, the party that delivered such item to the 17g-5 Information Provider for posting
on the 17g-5 Information Provider’s Website, in each case by electronic mail of the posting of such information on the 17g-5
Information Provider’s Website (provided that if the Servicer or Special Servicer has registered for access to the 17g-5
Information Provider’s Website, such party will automatically receive notification when such item has been posted and no
request shall be required).

 

Neither
the Certificate Administrator nor the 17g-5 Information Provider shall have any obligation or duty to verify, confirm or otherwise
determine whether the information being delivered is accurate, complete, conforms to the transaction, or otherwise is or is not
anything other than what it purports to be. In the event that any information is delivered or posted in error, the Certificate
Administrator or the 17g-5 Information Provider, as applicable, may remove it from the Certificate Administrator’s Website
or the 17g-5 Information Provider’s Website, as applicable. None of the Trustee, the Certificate Administrator or the 17g-5
Information Provider have obtained nor shall any of them be deemed to have obtained actual knowledge of any information posted
to the 17g-5 Information Provider’s Website to the extent such information was not produced by the Trustee or the Certificate
Administrator, as applicable. The Certificate Administrator has not obtained and shall not be deemed to have obtained actual knowledge
of any information posted to the Certificate Administrator’s Website to the extent such information was not produced by
the Certificate Administrator. Access to the 17g-5 Information Provider’s Website will be provided by the 17g-5 Information
Provider to (i) the Rating Agencies upon registration at the 17g-5 Information Provider’s Website as a user thereof and
(ii) other NRSROs upon registration at the 17g-5 Information Provider’s Website as a user thereof and upon receipt by the
17g-5 Information Provider of an NRSRO Certification. If a NRSRO (including any Rating Agency) requests access to the 17g-5 Information
Provider’s Website, access will be granted by the 17g-5 Information Provider on the same Business Day provided such request
is made (and, in the case of a NRSRO that is not a Rating Agency, a NRSRO Certification is submitted to the 17g-5 Information
Provider) prior to 2:00 p.m., New York time on such Business Day, or if received after 2:00 p.m., New York City time, on the following
Business Day. The 17g-5 Information Provider shall permit each Rating Agency to submit multiple email addresses for receipt of
notices, including a general email address; provided, that each email address so provided shall be associated with a registered
user of the 17g-5 Information Provider’s Website.

 

The
Certificate Administrator and the 17g-5 Information Provider shall provide a mechanism to promptly notify each Person that has
signed-up for access to the Certificate Administrator’s Website or the 17g-5 Information Provider’s Website, as applicable,
in respect of the transaction governed by this Agreement each time an additional document is posted thereto. In connection with
providing access to the Certificate Administrator’s Website or the 17g-5 Information Provider’s Website, the Certificate
Administrator and the 17g-5 Information Provider may require registration and the acceptance of a disclaimer. The Certificate
Administrator and the

 

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17g-5
Information Provider shall not be liable for the dissemination of information in accordance with the terms of this Agreement,
make no representations or warranties as to the accuracy or completeness of such information being made available, and assume
no responsibility for such information. The 17g-5 Information Provider shall not be liable for making any information available
to the Rating Agencies or NRSROs unless same was delivered to it at its email address set forth above (or by any other form of
electronic delivery reasonably acceptable to the 17g-5 Information Provider pursuant to the terms of this Agreement), with the
proper subject heading.

 

As
of the Closing Date, assistance in using or delivering information to the Certificate Administrator’s Website or the 17g-5
Information Provider’s Website can be obtained by calling 866-846-4526.

 

(c)         Each
of the Servicer and the Special Servicer may, in accordance with such reasonable rules and procedures as it may adopt, also make
available through its website or otherwise, all information necessary to enable the Certificate Administrator to comply with Section
8.14(b) and any additional information relating to the Mortgage Loan, the Property or the Borrower Related Parties (and the
Servicer shall make available through the Servicer’s Website the information set forth in Section 3.18(c)), for review
by the Depositor, the Initial Purchasers, the Trustee, the Certificate Administrator, the Operating Advisor, the Companion Loan
Holder(s) or any other Persons who deliver an Investor Certification in the form of Exhibit K-1 in accordance with this
Section 8.14(c), and the Rating Agencies (only to the extent such additional information is simultaneously delivered to
the 17g-5 Information Provider in accordance with the provisions of Section 8.14(b), who shall post such additional information
on the 17g-5 Information Provider’s Website in accordance with the provisions of Section 8.14(b)) (collectively,
the “Disclosure Parties”), in each case, except to the extent doing so is prohibited by this Agreement (including,
without limitation, pursuant to the confidentiality provisions of this Agreement related to Privileged Information), applicable
law or by the Mortgage Loan Documents. Each of the Servicer and the Special Servicer shall be entitled to (i) indicate the source
of such information and affix thereto any disclaimer it deems appropriate in its discretion and/or (ii) require that the recipient
of such information (A) except for the Depositor, the Certificate Administrator, the Trustee and the Operating Advisor, provide
an Investor Certification or other confidentiality agreement acceptable to the Servicer or the Special Servicer, as the case may
be, and (B) acknowledge that the Servicer or the Special Servicer may contemporaneously provide such information to any other
Disclosure Party. In addition, to the extent access to such information is provided via the Servicer’s or the Special Servicer’s
website, the Servicer and the Special Servicer may require registration and the acceptance of a reasonable and customary disclaimer
and/or an additional or alternative agreement as to the confidential nature of such information. In connection with providing
access to or copies of the information described in this Section 8.14(c) to current or prospective Certificateholders,
the form of confidentiality agreement used by the Servicer or the Special Servicer, as applicable, shall be: (i) in the case of
a Certificateholder or a licensed or registered investment advisor acting on behalf of such Certificateholder, an Investor Certification
in the form of Exhibit K-1 executed by the requesting Person indicating that such Person is a Certificateholder and shall
keep such information confidential (except that such Certificateholder may provide such information (x) to its auditors, legal
counsel and regulators and (y) to any other Person that holds or is contemplating the purchase of any Certificate or interest
therein (provided that such other Person confirms in writing such ownership interest or prospective ownership interest and agrees
to keep such information confidential)); and (ii) in the case of a prospective purchaser of Certificates or interests

 

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therein,
an Investor Certification in the form of Exhibit K-1 indicating that such Person is a prospective purchaser of a Certificate
or an interest therein and is requesting the information for use in evaluating a possible investment in Certificates and shall
otherwise keep such information confidential. In the case of a licensed or registered investment advisor acting on behalf of a
current or prospective Certificateholder, the Investor Certification shall be executed and delivered by both the investment advisor
and such current or prospective Certificateholder.

 

Neither
the Servicer nor the Special Servicer shall be liable for the dissemination of information in accordance with this Agreement.
Neither the Servicer nor the Special Servicer shall be responsible or have any liability for the completeness or accuracy of the
information delivered, produced or otherwise made available pursuant to this Section 8.14(c) unless such information was
produced by the Servicer or the Special Servicer, as applicable.

 

In
connection with the delivery by the Servicer or the Special Servicer, as applicable, to the 17g-5 Information Provider of any
information, report, notice or document for posting to the 17g-5 Information Provider’s Website, the 17g-5 Information Provider
shall notify the Servicer or the Special Servicer, as applicable, of when such information, report, notice or other document has
been posted to the 17g-5 Information Provider’s Website. The Servicer or the Special Servicer, as applicable, may, but is
not obligated to, send such information, report, notice or other document to the applicable Rating Agency or Rating Agencies following
the earlier of (i) receipt of notification from the 17g-5 Information Provider that such information, report, notice or other
document has been posted to the 17g-5 Information Provider’s Website and (ii) after 12:00 p.m. on the first Business Day
following the date it has provided such information, report, notice or other document to the 17g-5 Information Provider.

 

None
of the foregoing restrictions in this Section 8.14(c) or otherwise in this Agreement shall prohibit or restrict oral or
written communications, or providing information, between the Servicer or the Special Servicer, the Trustee and the Certificate
Administrator, on the one hand, and any Rating Agency or NRSRO, on the other hand, with regard to (i) such Rating Agency’s
or NRSRO’s review of the ratings it assigns to the Trustee, the Certificate Administrator, the Servicer or the Special Servicer,
as applicable, (ii) such Rating Agency’s or NRSRO’s approval of the Trustee, the Certificate Administrator, the Servicer
or the Special Servicer, as applicable, as a trustee, certificate administrator, commercial mortgage master, special or primary
servicer or (iii) such Rating Agency’s or NRSRO’s evaluation of the corporate trust or securities administration operations
of the Trustee or the Certificate Administrator or of the servicing operations in general of the Servicer or the Special Servicer,
the Trustee and the Certificate Administrator, as applicable; provided, however, that the Servicer, the Special
Servicer, the Trustee or the Certificate Administrator, as applicable, shall not provide any information relating to the Certificates
or the Mortgage Loan to any Rating Agency or NRSRO in connection with such review and evaluation by such Rating Agency or NRSRO
unless (x) the Borrower, the Property and other deal specific identifiers are redacted; (y) such information has already been
provided to the 17g-5 Information Provider (electronically in a format reasonably acceptable to the 17g-5 Information Provider)
and has been uploaded on to the 17g-5 Information Provider’s Website; or (z) such Rating Agency has confirmed in writing
to the Servicer or the Special Servicer, as applicable, that it does not intend to use such information in undertaking credit
rating surveillance for any Class of Certificates (and the party providing such information to a Rating Agency shall,

 

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upon
written request, certify to the Depositor that it received the confirmation described in this clause (z)).

 

(d)         The
Servicer, the Special Servicer, the Certificate Administrator, the Trustee and the Operating Advisor shall be permitted (but are
not required) to orally communicate with the Rating Agencies, provided that such party summarizes the information provided to
the Rating Agencies in such communication in writing and electronically and provides the 17g-5 Information Provider with such
summary in accordance with the procedures set forth in Section 8.14(b) on the same day such communication takes place;
provided that the summary of such oral communications shall not be attributed to the Rating Agency the communication was with.
The 17g-5 Information Provider shall post such summary on the 17g-5 Information Provider’s Website in accordance with the
procedures set forth in Section 8.14(b).

 

(e)         The
Servicer or the Special Servicer may, but shall not be obligated to, provide information to the 17g-5 Information Provider that
is neither specifically required hereunder nor requested by any Rating Agency. Any such information shall be posted by the 17g-5
Information Provider in accordance with the timeframe provided in Section 8.14(b).

 

(f)          Based
on information in its possession, the Certificate Administrator shall provide written notice to the Servicer, the Special Servicer
and the Operating Advisor regarding (i) the commencement of a CCR Consultation Period, a CCR Consultation Termination Period or
an Operating Advisor Consultation Trigger Event and (ii) the end of any CCR Control Period, CCR Consultation Period or Operating
Advisor Consultation Trigger Event. Any party hereto may at any time request from the Certificate Administrator written confirmation
of whether there existed a CCR Consultation Period, a CCR Consultation Termination Period or an Operating Advisor Consultation
Trigger Event during the preceding calendar year and the Certificate Administrator shall deliver such confirmation to such party
within 10 days of such request. Further, the Certificate Administrator shall post a “special notice” on the Certificate
Administrator’s Website within ten (10) days of its determination (or its receipt of notice) of the commencement or cessation
of any CCR Consultation Period, CCR Consultation Termination Event, CCR Control Period or Operating Advisor Consultation Trigger
Event.

 

8.15       Appointment
of Custodian . The Certificate Administrator may, at its own expense, appoint one or more Custodians to hold all or a portion
of the Mortgage Loan File as agent for the Certificate Administrator, by entering into a Custodial Agreement (in the event the
Certificate Administrator is not the Custodian) that is consistent in all material respects with this Agreement. The Certificate
Administrator agrees to comply with the terms of the Custodial Agreement and to enforce the terms and provisions thereof against
the Custodian for the benefit of the Certificateholders. Each Custodian (other than the initial Custodian) shall be a depository
institution subject to supervision by federal or state authority, shall have a combined capital and surplus of at least $10,000,000,
shall have a long-term debt rating of at least “A3” from Moody’s and at least “A” from DBRS Morningstar
(or, if not rated by DBRS Morningstar, an equivalent rating by 2 other NRSROs), and shall be qualified to do business in the jurisdiction
in which it holds the Mortgage Loan File. Any compensation paid to the Custodian shall be an unreimbursable expense of the Certificate
Administrator. The Certificate Administrator shall serve as the initial Custodian and shall be deemed appointed as Custodian at
all times that no other party is so appointed in accordance with this Section 8.15. The Custodian, if the Custodian is
not the

 

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Certificate
Administrator, shall maintain a fidelity bond in the form and amount that are customary for securitizations similar to the securitization
evidenced by this Agreement, with the Certificate Administrator named as loss payee. The Custodian shall be deemed to have complied
with this provision if one of its respective Affiliates has such fidelity bond coverage and, by the terms of such fidelity bond,
the coverage afforded thereunder extends to the Custodian. In addition, the Custodian shall keep in force during the term of this
Agreement a policy or policies of insurance covering loss occasioned by the errors and omissions of its officers and employees
in connection with its obligations hereunder in the form and amount that are customary for securitizations similar to the securitization
evidenced by this Agreement, with the Certificate Administrator named as loss payee. All fidelity bonds and policies of errors
and omissions insurance obtained under this Section 8.15 shall be issued by an insurance company or security or bonding
company qualified to write the related insurance policy in the relevant jurisdiction and whose claims paying ability is rated
at least “A3” by Moody’s, or by any other insurer with respect to which the Rating Agencies have provided to
the Certificate Administrator a Rating Agency Confirmation. Each Custodian shall be subject to the same obligations and standard
of care as would be imposed on the Certificate Administrator hereunder in connection with the retention of the Mortgage Loan File
directly by the Certificate Administrator. The appointment of a Custodian shall not relieve the Certificate Administrator from
any of its obligations hereunder, and the Certificate Administrator shall remain responsible for all acts and omissions of the
Custodian.

 

9.       CERTAIN
MATTERS RELATING TO THE CONTROLLING CLASS REPRESENTATIVE AND THE OPERATING ADVISOR

 

9.1         Selection
and Removal of the Controlling Class Representative. (a) The Majority Controlling Class Certificateholders may elect the Controlling
Class Representative.

 

(b)         The
Controlling Class Representative shall be the representative of the Controlling Class selected by the Majority Controlling Class
Certificateholders, as determined by the Certificate Registrar from time to time; provided that such Majority Controlling
Class Certificateholders making the selection may not include Borrower Restricted Parties; and provided, further,
that the Controlling Class Representative cannot be any Borrower Restricted Party. In connection with the appointment of a Controlling
Class Representative, the party so appointed and the Majority Controlling Class Certificateholders that made the selection shall
all provide written certifications (substantially in the form of Exhibit K-3 to this Agreement) to the Servicer, the Special
Servicer, the Trustee, the Certificate Administrator and the Operating Advisor confirming that neither the prospective Controlling
Class Representative nor any of the Majority Controlling Class Certificateholders that appointed such prospective Controlling
Class Representative is a Borrower Restricted Party; and no designation of a Controlling Class Representative shall be deemed
effective until such certifications are so delivered. Each of the Servicer, the Special Servicer, the Trustee, the Certificate
Administrator and the Operating Advisor may conclusively rely on any Investor Certification provided to it in connection with
the foregoing and may require that Investor Certifications are resubmitted from time to time in accordance with its policies and
procedures.

 

(c)         The
Majority Controlling Class Certificateholders shall give written notice to the Servicer, the Special Servicer, the Trustee, the
Certificate Administrator and the Operating

 

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Advisor of the appointment of any Controlling
Class Representative (in order to receive notices hereunder).

 

(d)         The
Controlling Class Representative may be removed, with or without cause, at any time by the written vote of the Majority Controlling
Class Certificateholders, which holders may not include Borrower Restricted Parties, and a copy of the results of such vote, together
with the contact information for the new Controlling Class Representative, shall be delivered to the Certificate Administrator,
the Trustee, the Servicer, the Special Servicer and the Operating Advisor, and such parties may conclusively rely on such notice.
Absent such notice, the Certificate Administrator, the Trustee, the Servicer, the Special Servicer and the Operating Advisor may
rely on the prior designation.

 

(e)         Each
Holder and Beneficial Owner of a Certificate in the Controlling Class is hereby deemed to have agreed by virtue of its purchase
of such Certificate in the Controlling Class or an interest therein to provide its name and address to the Certificate Administrator
and the Trustee, to notify the Certificate Administrator, the Trustee, the Operating Advisor, the Servicer, the Special Servicer
and the Operating Advisor of the transfer of such Certificate in the Controlling Class or any interest therein, the selection
of a Controlling Class Representative or the resignation or removal thereof and (by way of a certification substantially in the
form of Exhibit K-3 to this Agreement) whether it or, to its knowledge, a Controlling Class Representative is or has become
a Borrower Restricted Party. Any Certificateholder or Beneficial Owner that is at any time appointed Controlling Class Representative
is hereby deemed to have agreed by virtue of its purchase of a Certificate or an interest therein to notify the Certificate Administrator,
the Trustee, the Servicer, the Special Servicer and the Operating Advisor when such Certificateholder or Beneficial Owner is appointed
Controlling Class Representative, when it is removed or resigns and (by way of a certification substantially in the form of Exhibit
K-3 to this Agreement) whether it is or has become a Borrower Restricted Party and further to resign if it becomes a Borrower
Restricted Party. Upon receipt of such notice, the Certificate Administrator shall notify the Special Servicer, the Servicer and
the Operating Advisor of the identity of the Controlling Class Representative and any resignation or removal thereof. In addition,
upon the request of the Servicer, the Special Servicer or the Operating Advisor, as applicable, the Certificate Administrator
shall provide such information as is then in its possession to identify the Controlling Class Representative, the name of the
then-current Controlling Class and a list of the Certificateholders of the Controlling Class to such requesting party. By virtue
of their acquisition of Certificates or interests therein, each Holder and Beneficial Owner of the Certificates in the Controlling
Class agrees to remove any Controlling Class Representative known to be a Borrower Restricted Party or to cause such Controlling
Class Representative to resign.

 

(f)          Once
a Controlling Class Representative has been selected, each of the Depositor, the Servicer, the Special Servicer, the Trustee,
the Certificate Administrator, the Operating Advisor and each other Certificateholder (or Beneficial Owner, if applicable) shall
be entitled to rely on such selection unless the Majority Controlling Class Certificateholders shall have notified each other
party to this Agreement and each other Certificateholder of the Controlling Class, in writing, of the resignation of such Controlling
Class Representative or the selection of a new Controlling Class Representative.

 

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(g)         Until
it receives notice to the contrary, each party to this Agreement shall be entitled to rely on the most recent notification with
respect to the identity of the Certificateholders of the Controlling Class and the Controlling Class Representative.

 

(h)         The
Controlling Class Representative shall be responsible for its own expenses.

 

(i)          Notwithstanding
any other provision to this Agreement, in the event that no Controlling Class Representative has been appointed or identified
to the Servicer or the Special Servicer, as applicable, and the Servicer or Special Servicer, as applicable, has attempted to
obtain such information from the Certificate Administrator and no such entity has been identified to the Servicer or the Special
Servicer, as applicable, then the Servicer or the Special Servicer, as applicable, shall have no duty to consult with, provide
notice to, or seek the approval or consent of the Controlling Class Representative until such time as a Controlling Class Representative
meeting the definition thereof is so appointed or identified. Upon request, the Certificate Administrator shall provide such information
as is then in its possession to identify the Controlling Class Representative to the Servicer and the Special Servicer.

 

9.2         Limitation
on Liability of Controlling Class Representative; Acknowledgements of the Certificateholders. (a) Each Certificateholder, by its acceptance of its Certificates, acknowledges and agrees that: (i) the Controlling Class Representative
and/or any Holder of a Certificate in the Controlling Class may each have relationships and interests that conflict with those
of Holders of one or more other Classes of Certificates, including owning all or any portion of any Companion Loan or related
mezzanine loan, owning certificates backed by any Companion Loan or related mezzanine loan or being an Affiliate of the Special
Servicer; (ii) the Controlling Class Representative and/or any Holder of Certificates in the Controlling Class may act solely
in the interests of the Holders of the Controlling Class; (iii) the Controlling Class Representative and the Holders of Certificates
in the Controlling Class do not have any duties to the Trust or to the Holders of any other Class of Certificates; (iv) the Controlling
Class Representative and/or any Holder of Certificates in the Controlling Class may take actions that favor interests of the Holders
of Certificates in the Controlling Class over the interests of the Holders of one or more other Classes of Certificates; (v) neither
the Controlling Class Representative nor the Holders of Certificates in the Controlling Class shall have any liability whatsoever
to the Trust, the other parties to this Agreement, the Certificateholders or any other Person (including any Borrower Related
Party) for having acted in accordance with or as permitted under the terms of this Agreement; and (vi) the Certificateholders
may not take any action whatsoever against the Controlling Class Representative or any Holder of Certificates in the Controlling
Class or any of the respective affiliates, directors, officers, shareholders, members, partners, agents or principals thereof
as a result of the Controlling Class Representative or the Holders of Certificates in the Controlling Class having acted in accordance
with the terms of and as permitted under this Agreement.

 

(b)         The
Controlling Class Representative shall have no liability to the Trust or the Certificateholders for having acted in accordance
with or as permitted by this Agreement, or for refraining from the taking of any action.

 

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9.3         Consent
to Various Actions; Rights and Powers of the Controlling Class Representative; Consultation Rights of the Consulting Parties
.. (a) Notwithstanding anything herein to the contrary, except as set forth in, and in any event subject to, Section 3.24,
Section 9.3(b) and the last paragraph of this Section 9.3(a), (i) neither the Servicer nor the Special Servicer
shall take any action described in clauses (i) through (v), clause (xi)(A) (to the extent that the related
agreement is modified in a manner materially adverse to the “Senior Lender,” “Mortgage Lender” or such
other similar term as may be set forth therein) and clause (xiii) of the definition of “Major Decision” without
first obtaining a Rating Agency Confirmation with respect to such proposed action, (ii) the Servicer shall not take any action
constituting a Major Decision unless it has obtained the consent of the Special Servicer (which consent shall be deemed given
if the Special Servicer does not object within 15 Business Days (or, in the case of a determination of an Acceptable Insurance
Default, 90 days) of receipt of the Servicer’s written analysis and recommendation together with any information in the
possession of the Servicer that is reasonably required to make a decision regarding the subject action) (or with respect to such
15 Business Day period (or such 90-day period in the case of a determination of an Acceptable Insurance Default), such longer
period as required by any related mezzanine intercreditor agreement for review by any holder of a mezzanine loan), and (iii) if
there is an applicable Consenting Party, the Special Servicer shall not consent to the Servicer’s taking any action constituting
a Major Decision, nor shall the Special Servicer itself take any action constituting a Major Decision, as to which such Consenting
Party has objected in writing within 10 Business Days (or, in the case of a determination of an Acceptable Insurance Default,
30 days) after receipt of the Major Decision Reporting Package from the Special Servicer (provided that if such written objection
has not been received by the Special Servicer within such 10 Business Day period (or, in the case of a determination of an Acceptable
Insurance Default, 30-day period) after receipt of such information, then such Consenting Party shall be deemed to have approved
such action); provided, that the Special Servicer shall also consult, solely on a non-binding basis, with (and shall consider
alternative actions recommended by) any applicable Consulting Party with respect to any of the Major Decisions and any other matter
as to which consent of any Consenting Party is required (or, if there is no longer an applicable Consenting Party, would have
been required if a Consenting Party existed) (provided, that any such consultation is not binding on the Special Servicer);
and provided, further, that if the Special Servicer or the Servicer (whichever is authorized by this Agreement to take
the subject action), as applicable, determines that immediate action with respect to a Major Decision or with respect to any other
matter requiring consent of a Consenting Party or consultation with a Consulting Party, is necessary to protect the interests
of the Certificateholders and the Companion Loan Holder(s), the Special Servicer or the Servicer, as applicable, may take any
such action without waiting for the response of such Consenting Party or Consulting Party, as applicable, so long as the Special
Servicer or the Servicer, as applicable, has made a reasonable effort to contact such Consenting Party or Consulting Party, as
applicable, to inform it of such need; and provided, further, that no Consenting Party or Consulting Party shall
have any rights under clause (xi) or clause (xx) of the definition of “Major Decision” if such Consenting
Party or Consulting Party, as applicable, or an Affiliate thereof is a holder of any interest in the Mezzanine Loan or any other
related mezzanine loan.

 

With
respect to each Major Decision as to which a Consenting Party has consent rights or a Consulting Party has consultation rights
pursuant to this Section 9.3, the Special Servicer shall prepare a Major Decision Reporting Package. With respect to each
Major Decision as to which the Servicer is required to obtain the Special Servicer’s consent pursuant to this Section

 

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9.3,
the Servicer shall provide the Special Servicer with the Servicer’s written analysis and recommendation together with any
information in the possession of the Servicer that is reasonably required to make a decision regarding the subject action, simultaneously
with the Servicer’s request for the Special Servicer’s consent regarding the related Major Decision. With respect
to each Major Decision as to which a Consenting Party has consent rights or a Consulting Party (other than the Operating Advisor
with respect to which the timing for delivery of Major Decision Reporting Packages is set forth in the immediately succeeding
sentence) has consultation rights pursuant to this Section 9.3, the Special Servicer shall provide the related Major Decision
Reporting Package to such Consenting Party or Consulting Party (other than the Operating Advisor), as applicable, simultaneously
with the Special Servicer’s request for such Consenting Party’s consent or such Consulting Party’s input, as
applicable, regarding the related Major Decision. The Special Servicer shall provide each Major Decision Reporting Package to
the Operating Advisor: (i) prior to the occurrence and continuance of an Operating Advisor Consultation Trigger Event, simultaneously
upon providing such Major Decision Reporting Package to the Controlling Class Representative; and (ii) following the occurrence
and during the continuance of an Operating Advisor Consultation Trigger Event, simultaneously with the Special Servicer’s
written request for the Operating Advisor’s input regarding the related Major Decision. With respect to any particular Major
Decision and related Major Decision Reporting Package provided to the Operating Advisor pursuant to this Section 9.3(a)
and any Asset Status Report provided to the Operating Advisor pursuant to Section 3.10(h), the Special Servicer shall make
available to the Operating Advisor Servicing Officers with relevant knowledge regarding the Mortgage Loan and such Major Decision
and/or Asset Status Report in order to address reasonable questions that the Operating Advisor may have relating to, among other
things, such Major Decision and/or Asset Status Report and potential conflicts of interest and compensation with respect to such
Major Decision and/or Asset Status Report.

 

In
addition, subject to Section 9.3(b) and the immediately following paragraph, any applicable Consenting Party may direct
the Special Servicer to take, or to refrain from taking, such other actions with respect to the Mortgage Loan as such Consenting
Party may deem advisable or as to which provision is otherwise made herein. Notwithstanding anything herein to the contrary, no
direction, advice, objection or consultation by any applicable Consenting Party or Consulting Party may (and neither the Servicer
nor the Special Servicer shall follow any such advice, direction, objection or consultation that the Servicer or the Special Servicer,
as applicable, has determined, in its reasonable, good faith judgment, would): (A) require or cause the Servicer or the Special
Servicer to violate any provision of the Mortgage Loan Documents, the Co-Lender Agreement or any related mezzanine intercreditor
agreement, applicable law or this Agreement, including without limitation the Servicer’s or the Special Servicer’s,
as applicable, obligation to act in accordance with Accepted Servicing Practices, (B) result in the imposition of federal income
tax on the Trust, cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC, (C) expose the Trust,
any Certificateholder, the Depositor, the Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating
Advisor, any Companion Loan Holder or any of their respective Affiliates, members, managers, officers, directors, employees or
agents, to any claim, suit or liability or (D) materially expand the scope of the Servicer’s or Special Servicer’s
responsibilities hereunder. Furthermore, in addition to the rights of consent of an applicable Consenting Party and the rights
of consultation of an applicable Consulting Party as set forth in this Section 9.3(a) above, it is understood and agreed
that to the extent any other provision of this Agreement requires the provision of notice to, the obtaining of consent of, and/or

 

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consultation
with, any applicable Consenting Party or Consulting Party, or otherwise provides for any right of any applicable Consenting Party
or Consulting Party thereunder, then none of the Trustee, the Certificate Administrator, the Servicer or the Special Servicer
shall be entitled to take any action (or omit to take any action) in contravention of the applicable rights of such Consenting
Party or Consulting Party, as applicable, contained in such provision; provided, that this sentence is not intended to in any
way (i) expand the rights of such Consenting Party or Consulting Party, as applicable, (ii) limit the application of the immediately
preceding sentence, (iii) remove any limitations on the exercise of such rights set forth in the immediately preceding sentence
or elsewhere herein, or (iv) require the Trustee, the Certificate Administrator, the Servicer and/or the Special Servicer to send
a notice to, obtain the consent of, or consult with a new Consenting Party or Consulting Party, as applicable, whose name and
contact information have not yet been provided to the Trustee, the Certificate Administrator, the Servicer and/or the Special
Servicer; and provided, further, that if such other provisions are in any way subject to this Section 9.3,
then the exercise of such rights shall be subject to Section 9.3(b) and the immediately following paragraph.

 

If
the Special Servicer or Servicer, as applicable, determines that a refusal to consent by, or any direction, objection or advice
from, any applicable Consenting Party or Consulting Party, as applicable, would require or otherwise cause the Special Servicer
or Servicer, as applicable, to violate the terms of the Mortgage Loan Documents, the Co-Lender Agreement, any related mezzanine
intercreditor agreement, applicable law, provisions of the Code, or this Agreement, including without limitation, the Accepted
Servicing Practices, or expose any Certificateholder, the Trust, the Servicer, the Special Servicer, the Trustee, the Certificate
Administrator, the Operating Advisor, any Companion Loan Holder or their affiliates, officers, directors or agent to any claim,
suit or liability, or result in the imposition of a tax upon the Trust, or cause either the Lower-Tier REMIC or the Upper-Tier
REMIC to fail to qualify as a REMIC, or materially expand the scope of the Servicer’s or Special Servicer’s responsibilities
hereunder, then the Special Servicer or Servicer, as applicable, shall disregard such refusal to consent, direction, objection
or advice and notify such Consenting Party or Consulting Party, as applicable, the Trustee, the Certificate Administrator and
the 17g-5 Information Provider of its determination, including a reasonably detailed explanation of the basis therefor. The taking
of, or refraining from taking, any action by the Servicer or Special Servicer in accordance with the direction of or approval
of any applicable Consenting Party or the recommendation of any applicable Consulting Party (in any event, given in accordance
with this Agreement) that does not violate the Mortgage Loan Documents, the Co-Lender Agreement, any related mezzanine intercreditor
agreement, any applicable law, provisions of the Code (resulting in the imposition of federal income tax on the Trust, causing
either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC) or Accepted Servicing Practices or any other
provisions of this Agreement, shall not result in any liability on the part of the Servicer or the Special Servicer.

 

(b)         During
any CCR Consultation Termination Period, the Controlling Class Representative shall have no consent or consultation rights under
this Agreement and shall have no right to receive any notices, reports or information (other than notices, reports or information
required to be delivered to all Certificateholders) or any other rights as Controlling Class Representative; provided, that the
Controlling Class Representative (if and to the extent that it is a Certificateholder) shall maintain the right to exercise its
Voting Rights for the same purposes as any other Certificateholder under this Agreement.

 

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9.4         Controlling
Class Representative and Operating Advisor Contact with Servicer and Special Servicer . Upon reasonable request, each of the
Servicer and the Special Servicer shall, without charge, make a Servicing Officer available to answer questions from the Controlling
Class Representative (during any CCR Control Period and any CCR Consultation Period) and the Operating Advisor regarding the performance
and servicing of the Mortgage Loan (or, in the case of the Special Servicer, the Special Servicer’s operational activities
related to the servicing of the Mortgage Loan after a Special Servicing Loan Event and the servicing of any Foreclosed Property)
for which the Servicer or the Special Servicer, as the case may be, is responsible (but the Servicer and the Special Servicer
shall not respond to questions of the Operating Advisor with any information regarding communications between the Controlling
Class Representative, on the one hand, and the Servicer or Special Servicer, on the other hand).

 

Notwithstanding
any provision of this Agreement to the contrary, the failure of the Servicer or the Special Servicer to disclose any information
otherwise required to be disclosed by it pursuant to this Agreement shall not constitute a breach of this Agreement if the Servicer
or the Special Servicer, as applicable, determines, in its reasonable and good faith judgment and consistent with the Accepted
Servicing Practices, that such disclosure would constitute a waiver of the attorney-client privilege on behalf of the Trust or
the Trust Fund or otherwise materially harm the Trust or the Trust Fund.

 

9.5         Appointment
and Duties of the Operating Advisor

 

(a)         Pentalpha
Surveillance LLC is hereby appointed to serve as the initial Operating Advisor. The Operating Advisor shall at all times be an
Eligible Operating Advisor.

 

(b)         The
Operating Advisor, as an independent contractor, shall (i) review the Special Servicer’s actions and decisions with respect
to the Mortgage Loan (1) after a Special Servicing Loan Event and (2) with respect to Major Decisions (as provided in Section
3.10(h) and Section 9.3(a) and in accordance with the provisions of this Section 9.5), in light of Accepted
Servicing Practices and the requirements of this Agreement, (ii) following an Operating Advisor Consultation Trigger Event, consult
with the Special Servicer regarding Major Decisions (as provided in Section 9.3(a) and in accordance with the provisions
of this Section 9.5), Asset Status Reports (as provided in Section 3.10(h) and in accordance with the provisions
of this Section 9.5) and such other matters as to which the Special Servicer is to consult with the Operating Advisor as
a Consulting Party pursuant to Sections 3.10(i), 3.12(a), 3.12(d), 3.15(c), 3.16(a), 3.24(a)
and 9.3 of this Agreement and (iii) perform each other obligation of the Operating Advisor as set forth in this Agreement,
in each such case solely on behalf of the Trust and in the best interest of, and for the benefit of, all of the Certificateholders
(as a collective whole as if such Certificateholders constituted a single lender), and not any particular Class of Certificateholders,
as determined by the Operating Advisor in the exercise of its good faith and reasonable judgment, but without regard to any conflict
of interest arising from any relationship that the Operating Advisor or any of its Affiliates may have with the Borrower Restricted
Parties, any Property Manager, the Guarantor, the Loan Sellers, the Depositor, the Servicer, the Special Servicer, the Controlling
Class Representative or any of their respective Affiliates (the “Operating Advisor Standard”). The Operating
Advisor shall act solely as a contracting party to the extent set forth in this Agreement and shall not owe any fiduciary duty
to any party to this Agreement or any other Person in connection with this Agreement. The Operating Advisor’s duties shall
be limited to its specific

 

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obligations
under this Agreement, and the Operating Advisor shall have no duty or liability to any particular Class of Certificates or any
Certificateholder. The Operating Advisor is not a servicer or a sub-servicer and will not be charged with changing the outcome
on the Mortgage Loan or with respect to any Major Decision on which it consults for the Mortgage Loan. By its acceptance of a
Certificate, each Certificateholder acknowledges and agrees that there could be multiple strategies to resolve the Mortgage Loan
and a variety of actions or decisions made with respect to any Major Decision and that the goal of the Operating Advisor’s
participation is to provide additional input relating to the Special Servicer’s compliance with Accepted Servicing Practices
in making its determinations as to which strategy to execute.

 

(c)         The
Operating Advisor shall promptly review (i) all information available to Privileged Persons on the Certificate Administrator’s
Website with respect to the Special Servicer, assets on the CREFC® Servicer Watch List, the Mortgage Loan following
a Special Servicing Loan Event and Major Decisions with respect to the Mortgage Loan, (ii) each Final Asset Status Report delivered
by the Special Servicer to the Operating Advisor, (iii) if an Operating Advisor Consultation Trigger Event exists, each other
Asset Status Report delivered by the Special Servicer to the Operating Advisor, (iv) each Major Decision Reporting Package delivered
by the Special Servicer to the Operating Advisor pursuant to Section 9.3(a), and (v) if specifically required to be delivered
to the Operating Advisor under this Agreement, such other reports, documents, certificates and other information received by the
Operating Advisor from the Special Servicer (whether directly or through the Servicer) as relate to the actions and decisions
of the Special Servicer in respect of the Mortgage Loan (A) in connection with Major Decisions and (B) following a Special Servicing
Loan Event. To the extent not otherwise deliverable by the Special Servicer to the Operating Advisor hereunder or available to
the Operating Advisor on the Certificate Administrator’s Website, the Special Servicer shall: (i) concurrently deliver to
the Operating Advisor any and all reports provided by the Special Servicer to any of the other parties to this Agreement or to
any Certificateholder or Beneficial Owner, in each case, to the extent that such reports relate to the Mortgage Loan following
a Special Servicing Loan Event or any Major Decision with respect to which the Operating Advisor has consultation rights pursuant
to Section 9.5(f) of this Agreement; and (ii) grant the Operating Advisor adequate and timely access to information and
reports prepared by or otherwise in the possession of the Special Servicer necessary for the Operating Advisor to fulfill its
duties under this Agreement.

 

(d)
        Based on the Operating Advisor’s review of the following information (to the extent
delivered to the Operating Advisor or made available to the Operating Advisor on the Certificate Administrator’s Website):
any annual compliance statement and any assessment of compliance delivered to the Operating Advisor pursuant to Section 3.19
of this Agreement, as applicable; any attestation report delivered to the Operating Advisor pursuant to Section 3.20
of this Agreement; any Major Decision Reporting Package; any Final Asset Status Report and, during the continuance of an Operating
Advisor Consultation Trigger Event, any other Asset Status Report; any other reports made available to Privileged Persons on the
Certificate Administrator’s Website during the prior calendar year that the Operating Advisor is required to review pursuant
to Section 9.5(c); and any other information delivered to the Operating Advisor by the Special Servicer (whether directly
or through the Servicer) (other than any communications between the Controlling Class Representative and the Special Servicer
that would be Privileged Information), the Operating Advisor shall (if, during the prior calendar year, (i) a Special Servicing
Loan Event has occurred or (ii) there existed an Operating Advisor Consultation Trigger Event), and the

 

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Operating
Advisor may (but will not be obligated) if, with respect to the prior calendar year, the Operating Advisor deems it appropriate
in its sole discretion exercised in good faith, prepare and deliver to the Depositor, the 17g-5 Information Provider (who shall
promptly post such Operating Advisor Annual Report on the 17g-5 Information Provider’s Website), the Trustee and the Certificate
Administrator (who shall promptly post such Operating Advisor Annual Report on the Certificate Administrator’s Website),
within 120 days of the end of the prior calendar year an annual report (the “Operating Advisor Annual Report”).
The Operating Advisor Annual Report shall be substantially in the form of Exhibit O of this Agreement (which form may be
modified or altered as to either its organization or content by the Operating Advisor, subject to compliance of such form with
the terms and provisions of this Agreement; provided, that in no event shall the information or any other content included
in the Operating Advisor Annual Report contravene any provision of this Agreement). The Operating Advisor Annual Report shall
set forth the Operating Advisor’s assessment of the Special Servicer’s performance of its duties under this Agreement
during the prior calendar year. Subject to the restrictions in this Agreement, including, without limitation, Section 9.5(b)
of this Agreement, each such Operating Advisor Annual Report shall (A) state whether the Operating Advisor believes, in its
sole discretion exercised in good faith, that the Special Servicer is performing its duties in compliance with (1) Accepted Servicing
Practices and (2) the Special Servicer’s obligations under this Agreement, and (B) identify any material deviations with
respect to such matters from (i) Accepted Servicing Practices or (ii) the Special Servicer’s obligations under this Agreement,
and (C) comply with all of the confidentiality requirements applicable to the Operating Advisor with respect to Privileged Information
provided for in this Agreement (subject to any permitted exceptions set forth in this Agreement). In the event a lack of access
to Privileged Information limits the Operating Advisor from performing its duties under this Agreement, the Operating Advisor
shall not be subject to any liability arising from its lack of access to Privileged Information. The Operating Advisor shall be
entitled, absent manifest error, to conclusively rely on the accuracy and completeness of any information it is provided without
liability for any such reliance thereunder. Such Operating Advisor Annual Report shall be delivered to the Trustee, the Certificate
Administrator, the 17g-5 Information Provider and the Depositor, and the Certificate Administrator and the 17g-5 Information Provider
shall promptly, upon receipt, post such Operating Advisor Annual Report on the Certificate Administrator’s Website and the
17g-5 Information Provider’s Website, respectively; provided, however, that the Operating Advisor shall deliver
any Operating Advisor Annual Report to the Special Servicer and any applicable Consenting Party or Consulting Party at least ten
(10) calendar days prior to the delivery of such Operating Advisor Annual Report to the Depositor, the Trustee and the Certificate
Administrator. The Operating Advisor may, but shall not be obligated to, revise the Operating Advisor Annual Report based on any
comments received from the Special Servicer or any applicable Consenting Party or Consulting Party. In the event the Special Servicer
is replaced during the prior calendar year, the Operating Advisor shall only be required to prepare an Operating Advisor Annual
Report relating to each entity that was acting as Special Servicer as of December 31 of the prior calendar year and is continuing
in such capacity through the date of such Operating Advisor Annual Report. In preparing the Operating Advisor Annual Report, the
Operating Advisor shall not be required to report on instances of non-compliance with, or deviations from, Accepted Servicing
Practices or the Special Servicer’s obligations under this Agreement that the Operating Advisor determines, in its sole
discretion exercised in good faith, to be immaterial.

 

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(e)
        After the calculation but prior to the utilization by the Special Servicer of any of the calculations
with respect to the Mortgage Loan following a Special Servicing Loan Event related to Appraisal Reduction Amounts or net present
value used in the Special Servicer’s determination of the course of action to be taken in connection with the workout or
liquidation of the Mortgage Loan, the Special Servicer shall forward such calculations, together with any supporting material
or additional information necessary in support thereof (including such additional information reasonably requested by the Operating
Advisor and in the Special Servicer’s possession or reasonably obtainable by the Special Servicer to confirm the mathematical
accuracy of such calculations, but not including any Privileged Information), to the Operating Advisor promptly, but in any event
no later than two (2) Business Days after preparing such calculations, and the Operating Advisor shall promptly, but no later
than five (5) Business Days after receipt of such calculations and any supporting or additional materials, recalculate the accuracy
of the mathematical calculations and the corresponding application of the non-discretionary portion of the applicable formulas
required to be utilized in connection with any such calculation. In connection with this Section 9.5, in the event the
Operating Advisor does not agree with the mathematical calculations in any material respect or does not agree with the application
of the non-discretionary portions of the applicable formulas required to be utilized for such calculation, the Operating Advisor
and the Special Servicer shall consult with each other in order to resolve any inaccuracy in the mathematical calculations or
the application of the non-discretionary portions of the applicable formulas in arriving at those mathematical calculations or
any disagreement within five (5) Business Days of delivery of such calculations to the Operating Advisor. In the event the Operating
Advisor and Special Servicer are not able to resolve such inaccuracies or disagreement prior to the end of such five (5) Business
Day period, the Operating Advisor shall promptly notify the Certificate Administrator of such disagreement and the Certificate
Administrator shall determine which calculation is to apply. In making such determination, the Certificate Administrator may hire
an independent third-party to assist with any such calculation at the expense of the Trust Fund.

 

(f)
         After the occurrence and during the continuance of an Operating Advisor Consultation
Trigger Event, the Operating Advisor shall consult (on a non-binding basis) with the Special Servicer in connection with (i) any
Major Decision in accordance with Section 9.3 and this Section 9.5, (ii) each Asset Status Report in accordance
with Section 3.10(h) and (iii) such other matters as to which the Special Servicer is to consult with the Operating Advisor
as a Consulting Party pursuant to Sections 3.10(i), 3.12(a), 3.12(d), 3.15(c), 3.16(a), 3.24(a)
and 9.3 of this Agreement and, in each case, the Special Servicer shall consider any alternative courses of action
and any other feedback provided by the Operating Advisor. In connection with the Operating Advisor’s obligation to consult
(on a non-binding basis) with the Special Servicer with respect to Asset Status Report in accordance with Section 3.10(h),
the Operating Advisor shall propose, by written notice, alternative courses of action within 10 Business Days of receipt of each
Asset Status Report to the extent the Operating Advisor determines such alternatives to be in the best interest of the Certificateholders,
as a collective whole as if such Certificateholders constituted a single lender. Prior to the occurrence and continuance of an
Operating Advisor Consultation Trigger Event, the Operating Advisor shall have no specific involvement with respect to collateral
substitutions, assignments, workouts, modifications, consents, waivers, lockbox management, insurance policies, borrower substitutions,
lease changes, additional borrower debt, property management changes, releases from escrow, assumptions and other similar actions
that the Special Servicer may perform under this Agreement.

 

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(g)
       Subject to the requirements of confidentiality imposed on the Operating Advisor herein (including
without limitation in respect of Privileged Information), the Operating Advisor shall respond to Inquiries relating to the Operating
Advisor Annual Reports or actions by the Special Servicer as to which the Operating Advisor has consultation rights, whether or
not referenced in any Operating Advisor Annual Report and made by Non-Restricted Privileged Persons from time to time in accordance
with the terms of Section 4.5(a) of this Agreement.

 

(h)
       Subject to the Privileged Information Exception, the Operating Advisor shall keep confidential any
Privileged Information received from the Special Servicer or the Controlling Class Representative in connection with the exercise
of the rights of the Controlling Class Representative under this Agreement (including, without limitation, in connection with
the review and/or approval of any Asset Status Report), subject to any law, rule, regulation, order, judgment or decree requiring
the disclosure of such Privileged Information.

 

(i)
        The Operating Advisor shall keep all appropriately labeled Privileged Information confidential
and shall not disclose such Privileged Information to any Person (including Certificateholders other than the Controlling Class
Representative), other than (1) to the extent expressly required by this Agreement, to the other parties to this Agreement with
a notice indicating that such information is Privileged Information, (2) pursuant to a Privileged Information Exception or (3)
where necessary to support specific findings or conclusions (i) in the Operating Advisor Annual Report or (ii) in connection with
the recommendation by the Operating Advisor to replace the Special Servicer. Notwithstanding the foregoing, the Operating Advisor,
solely to the extent required in connection with its duties under this Agreement, will be permitted to share Privileged Information
with its Affiliates and any subcontractors of the Operating Advisor provided such Affiliates and subcontractors of the Operating
Advisor agree in writing prior to their receipt of such Privileged Information to be bound by the same confidentiality provisions
applicable to the Operating Advisor described in this Agreement and a copy of such agreement is provided to the parties hereto.
Each party to this Agreement that receives Privileged Information from the Operating Advisor with a notice stating that such information
is Privileged Information shall not disclose such Privileged Information to any Person without the prior written consent of the
Special Servicer and, unless a CCR Consultation Termination Event has occurred and is continuing, the Controlling Class Representative
other than pursuant to a Privileged Information Exception.

 

(j)
         On each Remittance Date, the Operating Advisor shall be paid the applicable Operating
Advisor Fee from amounts on deposit in the Collection Account, pursuant to Section 3.4 of this Agreement. In addition,
the Operating Advisor Consulting Fee shall be payable to the Operating Advisor (but only to the extent such fee is actually received
from the related Borrower as a separately identifiable fee) with respect to each Major Decision for which the Operating Advisor
has consultation rights. Each of the Operating Advisor Fee and the Operating Advisor Consulting Fee shall be payable from funds
on deposit in the Collection Account as provided in Section 3.4 of this Agreement, but with respect to the Operating Advisor
Consulting Fee only to the extent such Operating Advisor Consulting Fee is actually received from the Borrower. If the Operating
Advisor has consultation rights with respect to a Major Decision under this Agreement, the Servicer or the Special Servicer, as
applicable, shall use efforts to collect the applicable Operating Advisor Consulting Fee from the Borrower in connection with
any Major Decision that are consistent with the efforts that the Servicer or the Special Servicer, as applicable,

 

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would
use to collect any Borrower paid fees not specified in the Mortgage Loan Agreement owed to it in accordance with Accepted Servicing
Practices, but only to the extent not prohibited by the Mortgage Loan Documents, and shall deposit any Operating Advisor Consulting
Fee so collected from the Borrower into the Collection Account. The Servicer or Special Servicer, as applicable, may waive or
reduce the amount of any Operating Advisor Consulting Fee payable by the Borrower if it determines that such full or partial waiver
is in accordance with Accepted Servicing Practices, but in no event shall the Servicer or the Special Servicer take any enforcement
action with respect to the collection of such Operating Advisor Consulting Fee other than requests for collection; provided
that the Servicer or the Special Servicer, as applicable, shall consult (on a non-binding basis) with the Operating Advisor
prior to any such waiver or reduction.

 

(k)
        In no event shall the Operating Advisor have the power to compel any transaction party
to take or refrain from taking any action.

 

(l)
         The Operating Advisor may delegate its duties to agents or subcontractors to the extent
such agents or subcontractors satisfy clauses (iii), (iv) and (vi) of the definition of “Eligible Operating
Advisor” and so long as the related agreements or arrangements with such agents or subcontractors are consistent with the
provisions of Sections 9.5, 9.6, 9.7 and 9.8 of this Agreement. Notwithstanding the foregoing sentence,
the Operating Advisor shall remain obligated and primarily liable for any actions required to be performed hereunder in accordance
with the provisions of this Agreement without diminution of such obligation or liability or related obligation or liability by
virtue of such delegation or arrangements or by virtue of indemnification from any Person acting as its agents or subcontractor
to the same extent and under the same terms and conditions as if the Operating Advisor alone were performing its obligations under
this Agreement

 

9.6         Merger
or Consolidation of the Operating Advisor

 

Any
Person into which the Operating Advisor may be merged or consolidated, or any Person resulting from any merger, conversion, other
change in form or consolidation to which the Operating Advisor shall be a party, or any Person succeeding to all or substantially
all of the mortgage surveillance business of the Operating Advisor, shall be the successor of the Operating Advisor hereunder,
and shall be deemed to have assumed all of the liabilities and obligations of the Operating Advisor hereunder, without the execution
or filing of any paper or any further act on the part of any of the parties hereto; provided, however, that such
successor or surviving Person would not cause the then current rating on any of the Certificates to be qualified, downgraded or
withdrawn by any of the Rating Agencies, as evidenced by a Rating Agency Confirmation delivered to the Certificate Administrator
and the Trustee. The successor or surviving Person shall provide prompt written notice of the merger or consolidation to the Trustee,
the Servicer and the Special Servicer, the Certificate Administrator and the 17g-5 Information Provider. If a Responsible Officer
of the Trustee has received written notice of, or otherwise has actual knowledge that, any such successor or surviving Person
is not an Eligible Operating Advisor, the Trustee shall terminate the successor or surviving Person as Operating Advisor and appoint
a successor Operating Advisor, such termination and replacement to be effected in the manner set forth in Section 9.8;
provided, however, that in no event shall the Trustee incur any liability or expense in connection with such termination
of the prior Operating Advisor or the appointment of a successor Operating Advisor. Notwithstanding the foregoing, if the Trustee
is unable to find a

 

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successor
Operating Advisor within 30 days of the termination of the successor or surviving Person as Operating Advisor, the Trustee shall
provide written notice thereof to the Depositor, and the Depositor shall be permitted, but not required, to find a replacement
Operating Advisor meeting the requirements of this Agreement.

 

9.7         Resignation
of Operating Advisor

 

The
Operating Advisor may resign from its obligations and duties under this Agreement upon (a) thirty (30) days’ prior written
notice to the Depositor, the Servicer, the Special Servicer, the Trustee and the Certificate Administrator and (b) the appointment
of, and the acceptance of such appointment by, a successor operating advisor that is an Eligible Operating Advisor and receipt
by the Trustee of Rating Agency Confirmation from each Rating Agency. No such resignation by the Operating Advisor shall become
effective until a replacement Operating Advisor shall have assumed the resigning Operating Advisor’s responsibilities and
obligations under this Agreement. The successor entity assuming the obligations of the Operating Advisor under this Agreement
shall be entitled to the compensation to which the Operating Advisor would have been entitled hereunder after the date of assumption
of such obligations. If no successor Operating Advisor can be obtained to perform such obligations for such compensation, additional
amounts payable to such successor Operating Advisor shall be paid by the resigning Operating Advisor. If no successor Operating
Advisor has been appointed and accepted such appointment within 60 days after the resigning Operating Advisor’s giving of
notice of resignation, the resigning Operating Advisor may petition any court of competent jurisdiction for appointment of a successor.
The resigning Operating Advisor shall pay all costs and expenses associated with its resignation and the transfer of its duties
(including costs and expenses incurred by each other party to this Agreement, the Trust and the Rating Agencies) pursuant to this
Section 9.7. Upon being required to resign pursuant to Section 3.31, the Operating Advisor shall promptly resign
in accordance with this Section 9.7.

 

9.8         Termination
of the Operating Advisor

 

(a)             An
“Operating Advisor Termination Event” means any one of the following events whether it shall be voluntary or
involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or
regulation of any administrative or governmental body:

 

(i)         any
failure by the Operating Advisor to observe or perform in any material respect any of its covenants or agreements or the material
breach of its representations or warranties under this Agreement, which failure shall continue unremedied for a period of 30 days
after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the Operating
Advisor by the Trustee or to the Operating Advisor, the Certificate Administrator and the Trustee by the Holders of Certificates
having greater than 25% of the aggregate Voting Rights of all then outstanding Certificates; provided, however,
that with respect to any such failure which is not curable within such 30-day period, the Operating Advisor shall have an additional
cure period of thirty (30) days to effect such cure so long as it has commenced to cure such failure with the initial 30-day period
and has provided the Trustee and the Certificate Administrator with

 

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an
Officer’s Certificate certifying that it has diligently pursued, and is continuing to pursue, such cure;

 

(ii)       any
failure by the Operating Advisor to perform in accordance with the Operating Advisor Standard which failure shall continue unremedied
for a period of 30 days after the date on which written notice of such failure, requiring the same to be remedied, is given in
writing to the Operating Advisor by any party to this Agreement;

 

(iii)       any
failure by the Operating Advisor to be an Eligible Operating Advisor, which failure shall continue unremedied for a period of
30 days after the date on which written notice of such failure, requiring the same to be remedied, is given in writing to the
Operating Advisor by any party to this Agreement;

 

(iv)       a
decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary case under
any present or future federal or state bankruptcy, insolvency or similar law for the appointment of a conservator or receiver
or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the
winding-up or liquidation of its affairs, shall have been entered against the Operating Advisor, and such decree or order shall
have remained in force undischarged or unstayed for a period of 60 days;

 

(v)       the
Operating Advisor shall consent to the appointment of a conservator or receiver or liquidator or liquidation committee in any
insolvency, readjustment of debt, marshaling of assets and liabilities, voluntary liquidation, or similar proceedings of or relating
to the Operating Advisor or of or relating to all or substantially all of its property; or

 

(vi)       the
Operating Advisor shall admit in writing its inability to pay its debts generally as they become due, file a petition to take
advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily
suspend payment of its obligations.

 

Upon
receipt by the Certificate Administrator of notice of the occurrence of any Operating Advisor Termination Event, the Certificate
Administrator shall promptly provide written notice to all Certificateholders by posting such notice on its internet website,
unless the Certificate Administrator has received notice that it has been remedied.

 

If
an Operating Advisor Termination Event shall occur then, and in each and every such case, so long as such Operating Advisor Termination
Event shall not have been remedied, either (i) the Trustee may or (ii) upon the written direction of Holders of Certificates evidencing
not less than 25% of the Voting Rights of each Class of Non-Reduced Certificates, the Trustee shall, terminate all of the rights
and obligations of the Operating Advisor under this Agreement, other than rights and obligations accrued prior to such termination
(including the right to receive all amounts accrued and owing to it under this Agreement) and other than indemnification rights
(arising out of events occurring prior to such termination), by notice in writing to the Operating

 

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Advisor.
Notwithstanding anything herein to the contrary, the Depositor shall have the right, but not the obligation, to notify the Certificate
Administrator and the Trustee of any Operating Advisor Termination Event of which the Depositor becomes aware.

 

(b)
  Upon (i) the written direction of Holders of Non-Reduced Certificates evidencing not
less than 15% of the Voting Rights of the Non-Reduced Certificates requesting a vote to terminate and replace the existing Operating
Advisor with a proposed successor Operating Advisor that is an Eligible Operating Advisor and (ii) payment by such Holders to
the Trust, the Certificate Administrator and the Operating Advisor, as applicable, of the reasonable fees and expenses incurred
or to be incurred by the Trust, the Certificate Administrator and/or the Operating Advisor, as applicable, in connection with
such vote (and such fees and expenses shall not constitute Borrower Reimbursable Trust Fund Expenses or Trust Fund Expenses),
the Certificate Administrator shall promptly provide notice of the requested vote described in clause (i) above to all
Certificateholders by posting such notice on the Certificate Administrator’s Website and including in the next Distribution
Date Statement a statement that such request was received. Upon the written direction of Holders of Non-Reduced Certificates evidencing
more than 50% of all the Voting Rights of the Non-Reduced Certificates, the Trustee shall terminate all of the rights (other than
the right to receive accrued and unpaid fees and expense reimbursements and the right to indemnification hereunder) and obligations
of the Operating Advisor under this Agreement by notice in writing to the Operating Advisor; provided, that if that written
direction is not provided within 180 days of the initial request for a vote to terminate and replace the Operating Advisor, then
that written direction shall have no force or effect. The provisions set forth in the foregoing sentences of this Section 9.8(b)
shall be binding upon and inure solely to the benefit of the Certificateholders and the Trustee as between each other. The
Operating Advisor shall not have any cause of action based upon or arising from any breach or alleged breach of such provisions;
provided that this sentence shall not affect the Operating Advisor’s right to receive accrued and unpaid fees and
expense reimbursements and the right to indemnification hereunder. As between the Operating Advisor, on the one hand, and the
Certificateholders, on the other, the Certificateholders shall be entitled in their sole discretion to vote for the termination
or not vote for the termination of the Operating Advisor.

 

(c)
        On or after the receipt by the Operating Advisor of written notice of termination pursuant
to Section 9.6, Section 9.8(a), or Section 9.8(b), or the effectiveness of any resignation by the Operating
Advisor pursuant to Section 9.7, all of its authority and power under this Agreement shall be terminated and, without limitation,
the terminated Operating Advisor shall execute any and all documents and other instruments, and do or accomplish all other acts
or things necessary or appropriate to effect the purposes of such notice of termination. If (i) the Operating Advisor resigns
pursuant to Section 9.7 or (ii) the Trustee delivers written notice of termination to the Operating Advisor pursuant to
Section 9.6, Section 9.8(a) or Section 9.8(b), the Trustee shall appoint a successor Operating Advisor that
is an Eligible Operating Advisor (such appointment to be made as soon as practicable, but in no event later than 15 Business Days
after such termination in the case of clause (ii)), which successor Operating Advisor may be an Affiliate of the Trustee
and shall be the recommended or proposed successor Operating Advisor in the case of a resignation pursuant to Section 9.7
or a termination pursuant to Section 9.8(b). The Trustee may rely on a certification accepted by it in good faith from
the replacement Operating Advisor as to the status of the replacement Operating Advisor as an Eligible Operating Advisor. If the
Trustee is the successor Servicer or successor Special Servicer, neither the Trustee nor any of its Affiliates shall

 

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be
the successor Operating Advisor. The Trustee will not have any liability for any failure to find a suitable Eligible Operating
Advisor to serve as a successor Operating Advisor. Notwithstanding the foregoing, if the Trustee is unable to find a successor
Operating Advisor within 30 days of the termination of the Operating Advisor, the Trustee shall provide written notice thereof
to the Depositor, and the Depositor shall be permitted to find a replacement Operating Advisor meeting the requirements of this
Agreement.

 

Except
as contemplated by Section 9.7 and Section 9.8(b), and except for any consent rights of the Controlling Class Representative
expressly set forth in this Article 9, the appointment of the Operating Advisor shall not be subject to the vote, consent
or approval of the Holder of any Class of Certificates. The Operating Advisor shall not at any time be the Depositor, the Servicer,
the Special Servicer, a Mortgage Loan Seller or an Affiliate of any of them. If any of such entities becomes the Operating Advisor,
including by means of an affiliation arising after the date hereof, the Operating Advisor shall immediately resign, and the Trustee
shall appoint a successor Operating Advisor subject to and in accordance with this Section 9.8(c).

 

Upon
any resignation or termination of the Operating Advisor or appointment of a successor Operating Advisor, the Trustee shall, as
soon as possible, give written notice thereof to the Special Servicer, the Servicer, the Certificate Administrator (who shall
promptly post such notice to the Certificate Administrator’s Website pursuant to Section 8.14), the 17g-5 Information
Provider (who shall promptly post such notice to the 17g-5 Information Provider’s Website pursuant to Section 8.14),
the Depositor, the Certificateholders and, during any CCR Control Period and any CCR Consultation Period, the Controlling Class
Representative. If the Operating Advisor resigns or is terminated for any reason, it will remain entitled to receive all amounts
accrued and owing to it under this Agreement (which shall be payable in accordance with the priorities and subject to the limitations
set forth herein) and any rights to indemnification (arising out of events occurring prior to such termination.

 

10.       TERMINATION

 

10.1       Termination .
(a) The respective obligations and responsibilities of the Depositor, the Servicer, the Special Servicer, the Operating Advisor,
the Trustee, the Certificate Administrator created hereby (other than (x) the obligation to make certain remittances to the Companion
Loan Holder(s) to the extent of any remaining funds and in accordance with the Co-Lender Agreement, (y) the obligation of the
Certificate Administrator to make certain payments to Certificateholders after the final Distribution Date and to comply with
all federal income tax reporting requirements and maintenance of books and records, and (z) the indemnification rights and obligations
of the parties hereto) shall terminate upon the last action required to be taken by the Certificate Administrator on the final
Distribution Date pursuant to this Article 10 following the later of (i) the final payment on the Certificates and the
Uncertificated Lower-Tier Interests or (ii) the liquidation of the Trust Loan (including, without limitation, in connection with
the sale of the Trust Loan pursuant to the Mezzanine Intercreditor Agreement or this Agreement, as applicable) or the liquidation
or abandonment of the Property and all other Collateral for the Trust Loan, provided, however, in no event shall
the trust created hereby continue beyond the expiration

 

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of
twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United
States to the United Kingdom, living on the date hereof.

 

(b)         On
the final Distribution Date, all amounts on deposit in the Collection Account and not otherwise payable to a person other than
the Certificateholders, shall be applied as described in Section 4.1.

 

(c)         Notice
of any termination, specifying the final Distribution Date (which shall be a date that would otherwise be a Distribution Date)
upon which the Certificateholders of any Class may surrender their Certificates to the Certificate Administrator for payment of
the final distribution and cancellation, shall be given promptly by the Certificate Administrator by letter to Certificateholders
mailed as soon as practicable specifying (A) the final Distribution Date upon which final payment of the Certificates shall be
made (in the case of the Certificates, upon presentation and surrender of Certificates at the office or agency of the Certificate
Administrator therein designated), (B) the amount of any such final payment and (C) that, in the case of the Certificates, the
Record Date otherwise applicable to such Distribution Date is not applicable, payments being made only upon presentation and surrender
of the Certificates at the office or agency of the Certificate Administrator therein specified.

 

10.2       Additional
Termination Requirements. In connection with any termination pursuant to Section 10.1 other than final payment on the
Mortgage Loan, the Trust shall be terminated in accordance with the following additional requirements, unless the Certificate
Administrator has obtained at the expense of the Trust, an Opinion of Counsel that any other manner of terminating either the
Lower-Tier REMIC or the Upper-Tier REMIC shall not subject the Trust, the Lower-Tier REMIC or the Upper-Tier REMIC to federal
income tax:

 

(i)          within
89 days prior to the final Distribution Date, the Certificate Administrator shall designate the first day of the 90 day liquidation
period of the Lower-Tier REMIC and the Upper-Tier REMIC which shall be specified in a notice from the Certificate Administrator
to the Certificateholders as soon as practicable prior to such final Distribution Date, and shall specify such date in the final
tax return of each such REMIC;

 

(ii)         at
or after the time of adoption of such plan of complete liquidation and at or prior to the final Distribution Date, the Servicer
shall sell any remaining assets (other than cash) of the Trust and credit the proceeds thereof to the Trust; and

 

(iii)        at
or after such time as the proceeds from the disposition of the remaining assets of the Trust shall have been credited to the Trust, the
Certificate Administrator shall cause all remaining amounts held (A) as part of the Lower-Tier REMIC to be distributed to the Certificate
Administrator as holder of the Uncertificated Lower-Tier Interests and to the Holders of the Class R Certificates (in respect of the
Class LT-R Interest in accordance with Sections 4.1(c), 4.1(d), 4.1(e) and 4.3(c), and (B) as part of the
Upper-Tier REMIC to be distributed to the Holders of the Regular Certificates and the Class R Certificates (in respect of the Class UT-R
Interest) in accordance with Section 4.1(a), Section 4.1(b), Section 4.3(a) and Section 4.3(b).

 

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10.3       Trusts
Irrevocable. Except as expressly provided herein, all trusts created hereby are irrevocable.

 

11.       MISCELLANEOUS
PROVISIONS

 

11.1       Amendment.
(a) This Agreement may be amended from time to time by the parties hereto, without the consent of any of the Certificateholders
or any Companion Loan Holder:

 

(i)          to
correct any inconsistency, defect or ambiguity in this Agreement or to correct any manifest error in any provision of this Agreement;

 

(ii)         to
cause the provisions of this Agreement to conform or be consistent with or in furtherance of the statements made in the Offering
Circular with respect to the Certificates, the Trust or this Agreement or to correct or supplement any of its provisions which
may be inconsistent with any other provisions herein or to correct any error;

 

(iii)        to
change the timing and/or nature of deposits in the Collection Account, the Distribution Account or the Foreclosed Property Account,
provided, that (A) the Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date
and (B) either (1) the change would not adversely affect in any material respect the interests of any Certificateholder not consenting
thereto, as evidenced by an Opinion of Counsel (at the expense of the party requesting the amendment or at the expense of the
Trust (which amounts may be paid out of the Collection Account) if the requesting party is the Trustee or the Certificate Administrator)
or (2) a Rating Agency Confirmation is obtained;

 

(iv)        to
modify, eliminate or add to any of its provisions to the extent necessary to maintain the qualification of either the Lower-Tier
REMIC or the Upper-Tier REMIC as a REMIC, at all times that any Certificate is outstanding, or to avoid or minimize the risk of
imposition of any tax on the Lower-Tier REMIC or the Upper-Tier REMIC that would be a claim against the Lower-Tier REMIC or the
Upper-Tier REMIC; provided, that the Trustee and the Certificate Administrator received an Opinion of Counsel (at the expense
of the party requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification
or to avoid or minimize the risk of imposition of any such tax and (2) the action shall not adversely affect in any material respect
the interests of any Certificateholder;

 

(v)         to
modify, eliminate or add to any of its provisions to restrict (or to remove any existing restrictions with respect to) the transfer
of the Class R Certificates; provided, that the Depositor has determined that the amendment shall not give rise to any tax with
respect to the transfer of the Class R Certificates to a non-Permitted Transferee; provided, that the Depositor may conclusively
rely upon an Opinion of Counsel to such effect (a copy of which will be delivered to the Trustee and the Certificate Administrator);

 

(vi)       to
make any other provisions with respect to matters or questions arising under this Agreement or any other change, provided that
either (A) the required action shall not adversely affect in any material respect the interests of any Certificateholder not

 

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consenting
thereto, as evidenced by an Opinion of Counsel, or (B) a Rating Agency Confirmation from each Rating Agency is obtained, and provided,
further, that any amendment pursuant to this clause (vi) that would adversely affect the rights of the Controlling
Class or the Controlling Class Representative shall be subject to the consent of the Holders of the Controlling Class or the Controlling
Class Representative, as applicable;

 

(vii)       to
amend or supplement any provision of this Agreement to the extent necessary to maintain the then-current ratings assigned to each
Class of Certificates by each Rating Agency, as evidenced by Rating Agency Confirmation, provided, that any amendment pursuant
to this clause (vii) that would adversely affect the rights of the Controlling Class or the Controlling Class Representative
shall be subject to the consent of the Holders of the Controlling Class or the Controlling Class Representative, as applicable;

 

(viii)      to
modify the provisions of this Agreement with respect to reimbursement of Nonrecoverable Advances if (A) the Depositor, the Servicer,
and the Trustee, determine that the commercial mortgage-backed securities industry standard for such provisions has changed, in
order to conform to such industry standard, (B) such modification does not adversely affect the status of the Upper-Tier REMIC
or the Lower-Tier REMIC as a REMIC, as evidenced by an Opinion of Counsel, (C) Rating Agency Confirmation is obtained and (D)
any applicable Consenting Party consents to such modification;

 

(ix)         to
modify, eliminate or add to any of its provisions (A) to the extent necessary to comply with the U.S. Credit Risk Retention Rules
and/or any related regulatory actions and/or interpretations or (B) in the event that the U.S. Credit Risk Retention Rules (or
any portion thereof) or any other regulations applicable to the risk retention requirements for this securitization transaction
are amended or repealed, to the extent required to comply with any such amendment or to modify or eliminate any risk retention
requirements no longer applicable to this securitization transaction in light of such repeal; and

 

(x)         to
modify the provisions set forth in this Agreement relating to Exchange Act Rule 17g-5 or Rule 15Ga-1; provided, that such amendment
would not materially increase the obligations of any of the Servicer, the Special Servicer, the Certificate Administrator, the
17g-5 Information Provider or the Trustee (unless consented to by such party);

 

provided,
further that no amendment pursuant to any of clauses (i) through (x) above may be made that would: (A) change
in any manner the obligations or rights of any Loan Seller under this Agreement or the applicable Trust Loan Purchase Agreement
without the consent of the affected Loan Seller, (B) change in any manner the obligations or rights of any Initial Purchaser without
the consent of the affected Initial Purchaser, or (C) adversely affect any Companion Loan Holder in its capacity as such without
its consent.

 

(b)         This
Agreement may be amended from time to time by the Depositor, the Servicer, the Special Servicer, the Trustee, the Certificate
Administrator and the Operating Advisor with the written consent of the Holders of Certificates evidencing, in the aggregate,
not less than 51% of the Percentage Interests of each Class of Certificates adversely affected thereby (as

 

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evidenced
by an Opinion of Counsel) for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions
of this Agreement or of modifying in any manner the rights of the Holders of the Certificates; provided, however,
no such amendment shall (i) reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loan
which are required to be distributed on any Certificates or to any Companion Loan Holder, (ii) alter in any manner the liens on
any Collateral securing payments on the Mortgage Loan; (iii) alter the obligations of the Servicer or the Trustee to make an Advance
or alter the Accepted Servicing Practices set forth herein, (iv) change the percentages of Voting Rights or Percentage Interests
of Certificateholders which are required to consent to any action or inaction under this Agreement; (v) change in any manner the
obligations or rights of any Loan Seller under this Agreement or the applicable Trust Loan Purchase Agreement without the consent
of the related Loan Seller; (vi) amend this Section 11.1; (vii) change in any manner the obligations or rights of any Initial
Purchaser without the consent of the affected Initial Purchaser; or (viii) adversely affect any Companion Loan Holder in its capacity
as such without its consent.

 

It
shall not be necessary for the consent of Certificateholders under this Section 11.1 to approve the particular form of
any proposed amendment, but it shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining
such consents and of evidencing the authorization of the execution thereof by Certificateholders shall be subject to such reasonable
regulations as the Certificate Administrator or the Trustee may prescribe.

 

Notwithstanding
any contrary provisions of this Agreement, (i) neither the Trustee nor the Certificate Administrator shall consent to any amendment
to this Agreement unless it shall have first been furnished with an Opinion of Counsel to the effect that such amendment is authorized
or permitted hereunder and all conditions precedent to such amendment have been satisfied, and (ii) no amendment shall be made
to this Agreement without the Trustee and the Certificate Administrator first receiving in writing an Opinion of Counsel (at the
expense of the party requesting the amendment) that the amendment will not result in the imposition of federal income tax on the
Trust, or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC.

 

(c)         Promptly
after the execution of any amendment to this Agreement, the Certificate Administrator shall post a copy of the same to the Certificate
Administrator’s Website, deliver a copy of the same to the 17g-5 Information Provider who shall post a copy of the same
on the 17g-5 Information Provider’s Website pursuant to Section 8.14(b), and thereafter, the Certificate Administrator
shall furnish written notification of the substance of such amendment to each of the other parties to this Agreement, the Initial
Purchasers and the Rating Agencies.

 

(d)         In
the event that neither the Depositor nor any successor thereto is in existence, any amendment under this Section 11.1 shall
be effected with the consent of the Trustee, the Certificate Administrator and the Servicer or the Special Servicer, as applicable,
and, to the extent required by this Section 11.1, the required Certificateholders and/or the Companion Loan Holder(s),
as applicable.

 

(e)         The
costs and expenses associated with any such amendment, including without limitation, Opinions of Counsel and Rating Agency Confirmations,
shall be borne by the party requesting such amendment (or, if such amendment is required by any of the Rating Agencies

 

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to
maintain the rating issued by it or requested by the Trustee or the Certificate Administrator (which do not modify or otherwise
relate solely to the obligations, duties or rights of the Trustee or the Certificate Administrator), then at the expense of the
Depositor and, if neither the Depositor nor any successor thereto is in existence, the Trust (which amounts may be paid out of
the Collection Account)).

 

(f)         Any
party requesting an amendment to this Agreement shall provide (x) notice of such amendment no later than three (3) Business Days
prior to the anticipated date of execution, and (y) a copy of the executed amendment no later than the date of execution, to each
Other Depositor and Other Exchange Act Reporting Party under each Other Pooling and Servicing Agreement (which may be by email)
in order for each Companion Loan Holder to timely comply with its obligations under the Exchange Act.

 

11.2       Recordation
of Agreement; Counterparts . (a) This Agreement or an abstract hereof, if acceptable by the applicable recording office,
is subject to recordation in all appropriate public offices for real property records in the county in which the Property subject
to the Mortgage is situated, and in any other appropriate public recording office or elsewhere, such recordation to be effected
by the Trustee or the Certificate Administrator at the expense of the Trust upon its receipt of an Opinion of Counsel to the effect
that such recordation materially and beneficially affects the interests of the Certificateholders of the Trust.

 

(b)         For
the purpose of facilitating the recordation of this Agreement as herein provided and for other purposes, this Agreement may be
executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to be an original, and such
counterparts shall constitute but one and the same instrument. Delivery of an executed counterpart of a signature page of this
Agreement (and, to the extent permitted under applicable law, each officer’s certificate, receipt or similar closing document
delivered in connection with the closing of the transaction contemplated by this Agreement) in Portable Document Format (PDF),
Tagged Image File Format (TIF or TIFF), .JPG or .JPEG file format, or by facsimile transmission shall be as effective as delivery
of a manually executed original counterpart of this Agreement.

 

11.3       Governing
Law; Submission to Jurisdiction; 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. THE PARTIES HERETO INTEND THAT THE PROVISIONS OF SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS
LAW SHALL APPLY TO THIS AGREEMENT.

 

EACH
OF THE PARTIES HERETO IRREVOCABLY (I) SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK LOCATED IN
NEW YORK COUNTY AND THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK FOR

 

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THE
PURPOSE OF ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT; (II) WAIVES, TO THE FULLEST EXTENT PERMITTED BY-LAW, THE DEFENSE
OF AN INCONVENIENT FORUM IN ANY ACTION OR PROCEEDING IN ANY SUCH COURT; (III) AGREES THAT A FINAL JUDGMENT IN ANY ACTION OR PROCEEDING
IN ANY SUCH COURT SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN ANY OTHER JURISDICTION BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER
PROVIDED BY-LAW; AND (IV) CONSENTS TO SERVICE OF PROCESS UPON IT BY MAILING A COPY THEREOF BY CERTIFIED MAIL ADDRESSED TO IT AS
PROVIDED FOR NOTICES HEREUNDER.

 

THE
PARTIES HERETO HEREBY WAIVE, TO THE FULLEST EXTENT PERMITTED BY LAW, THE RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM,
WHETHER IN CONTRACT, TORT OR OTHERWISE, RELATING DIRECTLY OR INDIRECTLY TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

11.4       Notices.

 

Unless
otherwise specifically provided in this Agreement, any communications provided for or permitted hereunder shall be in writing
and, unless otherwise expressly provided herein, shall be deemed to have been duly given if (a) personally delivered, (b) mailed
by registered mail, postage prepaid (except for notices to the Trustee or the Certificate Administrator which shall be deemed
to have been duly given only when received), (c) sent by nationally recognized express courier delivery service and received by
the addressee, (d) transmitted by facsimile transmission (or any other type of electronic transmission agreed upon by the parties)
and received by the addressee or (e) only with respect to any addressee of any party for which an electronic mail address is set
forth below, sent by electronic mail (provided, however, any notice provided by electronic mail shall not be considered delivered
until receipt of such electronic mail is confirmed by the addressee), to the applicable party at the following address(es), or
as to each such Person such other address or e-mail address as may hereafter be furnished by such Person to the parties hereto
in writing:

 

If
to the Depositor, to:

 

BMO
Commercial Mortgage Securities LLC

c/o
BMO Capital Markets Corp.

151 West 42nd Street

New
York, NY 10036

Attention:
Paul Vanderslice, Michael Birajiclian and David Schell

Email:
paul.vanderslice@bmo.com; Michael.Birajiclian@bmo.com 

and David.Schell@bmo.com

 

with
a copy to:

 

BMO
Commercial Mortgage Securities LLC

c/o
BMO Capital Markets Corp.

151
West 42nd Street

 

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New
York, NY 10036

Attention:
Legal Department

Email:
BMOCMUSLegal@bmo.com

 

If
to the Servicer, to:

 

KeyBank
National Association

11501 Outlook Street, Suite 300

Overland Park, Kansas 66211

Attention: Michael A. Tilden

Email: michael_a_tilden@keybank.com

 

with
copies to:

 

Polsinelli

900 West 48th Place, Suite 900

Kansas City, Missouri 64112

Attention: Kraig Kohring

Email: kkohring@polsinelli.com

 

If
to the Special Servicer, to:

 

KeyBank
National Association

11501
Outlook Street, Suite 300

Overland
Park, Kansas 66211

Attention:
Alan Williams

Email:
keybank_notices@keybank.com 

with
copies to:

 

Polsinelli

900
West 48th Place, Suite 900

Kansas
City, Missouri 64112

Attention:
Kraig Kohring

Email:
kkohring@polsinelli.com

 

If
to the Trustee, to:

 

Wilmington
Trust, National Association

1100 North Market Street

Wilmington, Delaware 19890

Attention: CMBS Trustee – BWAY 2022-26BW

 

If
to the Certificate Administrator, to:

 

Computershare
Trust Company, National Association

9062
Old Annapolis Road

Columbia,
Maryland 21045

 

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Attention:
Corporate Trust Services– BWAY 2022-26BW

 

With
a copy to:

Email:
trustadministrationgroup@wellsfargo.com and 

cts.cmbs.bond.admin@wellsfargo.com

 

or,
for certificate transfers:

 

		(a)	With
                                         respect to transfers or exchanges of Certificates other than the Credit Risk Retention
                                         Certificates:

 

Computershare
Trust Company, National Association

600 S. 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: Corporate Trust Services – Certificate Transfers – BWAY 

2022-26BW

 

		(b)	With
                                         respect to transfers or exchanges of the Credit Risk Retention Certificates:

 

Computershare
Trust Company, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention:
Risk Retention Custody – BWAY 2022-26BW

 

With
a copy to:

Email:
riskretentioncustody@wellsfargo.com

 

If
to the Operating Advisor, to:

Pentalpha Surveillance LLC 

375
N. French Road

Suite 100

Amherst, New York 14228

Attention:
BWAY 2022-26BW – Surveillance Manager

 

with
copies sent contemporaneously via e-mail to:

notices@pentalphasurveillance.com

 

If
to the Initial Purchasers, to:

 

(i)
in the case of BMO Capital Markets Corp.:

 

BMO
Capital Markets Corp.

151
West 42nd Street

 

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New
York, NY 10036

Attention:
Michael Birajiclian and David Schell

Email:
Michael.Birajiclian@bmo.com and David.Schell@bmo.com

 

with
a copy to:

 

BMO
Capital Markets Corp.

151
West 42nd Street

New
York, NY 10036

Attention:
Legal Department

Email:
BMOCMUSLegal@bmo.com

 

(ii)
in the case of Drexel Hamilton, LLC:

 

Drexel
Hamilton, LLC

77
Water Street

New
York, New York 10005

Attention:
Alex Kim, Managing Partner, Head of Securitized Products 

facsimile number: (646) 412-1500

 

If
to any Certificateholder, to:

 

the
address set forth in the Certificate Register

 

If
to the Borrower Related Parties: at the respective addresses therefor set forth in the Mortgage Loan Agreement and the other Mortgage
Loan Documents

 

or,
in the case of the parties to this Agreement, to such other address as such party shall specify by written notice to the other
parties hereto.

 

Notwithstanding
anything to the contrary herein, any and all communications (both text and attachments, excluding any notice to the Servicer or
the Special Servicer under Section 7.1(a)) by or from the Certificate Administrator, in any of its capacities, that the
Certificate Administrator in its sole discretion deems to contain confidential, proprietary, and/or sensitive information and
sent by electronic mail will be encrypted. The recipient of the email communication will be required to complete a one-time registration
process. Information and assistance on registering and using the email encryption technology can be found within the first secure
email sent by the Certificate Administrator or by calling 866-846-4526.

 

11.5       Notices
to the Rating Agencies. The Servicer or the Special Servicer, as applicable, and Certificate Administrator shall
furnish such other information regarding the Trust as may be reasonably requested by the Rating Agencies to the extent such party
has or can obtain such information without unreasonable effort or expense; provided, however, that such other information
is first provided to the 17g-5 Information Provider in accordance with the procedures set forth in Section 8.14(b); provided,
further, that the 17g-5 Information Provider shall not disclose which Rating Agency has requested such information. Notwithstanding
the foregoing,

 

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the
failure to deliver such notices or copies shall not constitute a Servicer Termination Event or Special Servicer Termination Event,
as the case may be, under this Agreement. Any confirmation of the rating by the Rating Agencies required hereunder shall be in
writing.

 

Any
notices and Rating Agency Confirmation requests shall be sent to the Rating Agencies shall be sent to the following addresses:

 

Moody’s
Investors Service, Inc.

7
World Trade Center

New
York, New York 10007

Attention: Commercial Mortgage Surveillance Group

Fax number: (212) 553-0300

Email:
CMBSSurveillance@Moodys.com

 

DBRS,
Inc.

22 West Washington Street

Chicago, Illinois 60602

Attention: CMBS Surveillance

Email: CMBS.surveillance@morningstar.com

 

11.6       Severability
of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement shall be for any reason
whatsoever held invalid, then, to the extent permitted by applicable law, such covenants, agreements, provisions or terms shall
be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way affect
the validity or enforceability of the other provisions of this Agreement or of the Certificates or the rights of the Holders thereof.

 

11.7       Limitation
on Rights of Certificateholders. The death or incapacity of any Certificateholder shall not operate to terminate this Agreement
or the Trust, nor entitle such Certificateholder’s legal representative or heirs to claim an accounting or to take any action
or to commence any proceeding in any court for a petition or winding up of the Trust, or otherwise affect the rights, obligations
and liabilities of the parties hereto or any of them.

 

No
Certificateholder, solely by virtue of its status as a Certificateholder, shall have any right to vote (except as provided herein)
or in any manner otherwise control the operation and management of the Trust, or the obligations of the parties hereto, nor shall
anything herein set forth or contained in the terms of the Certificates be construed so as to constitute the Certificateholders
from time to time as partners or members of an association; nor shall any Certificateholders be under any liability to any third
party by reason of any action by the parties to this Agreement pursuant to any provision hereof.

 

No
Certificateholder, solely by virtue of its status as a Certificateholder, shall have any right by virtue or by availing itself
of any provisions of this Agreement to institute any suit, action or proceeding in equity or at law upon or under or with respect
to this Agreement, unless such Holder previously shall have given to the Trustee a written notice of a Servicer Termination Event
or Special Servicer Termination Event, as the case may be, and of the continuance thereof,

 

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as
herein before provided, and unless the Holders of Certificates aggregating not less than 25% of the Voting Rights of the Certificates
shall also have made written request upon the Trustee to institute such action, suit or proceeding in its own name as Trustee
hereunder and shall have offered to the Trustee such reasonable indemnity as it may require against the costs, expenses, and liabilities
to be incurred therein or thereby, and the Trustee, for 60 days after its receipt of such notice, request and offer of indemnity,
shall have neglected or refused to institute any such action, suit or proceeding; it being understood and intended, and being
expressly covenanted by each Certificateholder with every other Certificateholder and the Trustee, that no one or more Certificateholders
shall have any right in any manner whatever by virtue or by availing itself or themselves of any provisions of this Agreement
to affect, disturb or prejudice the rights of the Holders of any other of the Certificates, or to obtain or seek to obtain priority
over or preference to any other such Holder except as provided herein with respect to entitlement to payments or to enforce any
right under this Agreement, except in the manner herein provided and for the common benefit of all Certificateholders. For the
protection and enforcement of the provisions of this Section, each and every Certificateholder and the Trustee shall be entitled
to such relief as can be given either at law or in equity.

 

11.8       Certificates
Nonassessable and Fully Paid. The Certificateholders shall not be personally liable for obligations of the Trust, that the
interests in the Trust Fund represented by the Certificates shall be nonassessable for any reason whatsoever, and the Certificates,
upon due authentication thereof by the Certificate Administrator pursuant to this Agreement, are and shall be deemed fully paid.

 

11.9       Reproduction
of Documents. This Agreement and all documents relating thereto, including, without limitation, (i) consents, waivers and
modifications which may hereafter be executed, (ii) documents received by any party at the closing, and (iii) financial statements,
certificates and other information previously or hereafter furnished, may be reproduced by any photographic, photostatic, microfilm,
micro-card, miniature photographic or other similar process. The parties agree that any such reproduction shall be admissible
in evidence as the original itself in any judicial or administrative proceeding, whether or not the original is in existence and
whether or not such reproduction was made by a party in the regular course of business, and that any enlargement, facsimile or
further reproduction of such reproduction shall likewise be admissible in evidence.

 

11.10     No
Partnership. Nothing herein contained shall be deemed or construed to create a partnership or joint venture between the parties
hereto and the Services of the Servicer and the Special Servicer shall be rendered as an independent contractor and not as agent
for the Trustee or the Depositor.

 

11.11     Actions
of Certificateholders. (a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided
by this Agreement to be given or taken by Certificateholders may be embodied in and evidenced by one or more instruments of substantially
similar tenor signed by such Certificateholders in person or by agent duly appointed in writing; and except as herein otherwise
expressly provided, such action shall become effective when such instrument or instruments are delivered to the Certificate Administrator
and, where required, to the Depositor, the Servicer, the Special Servicer, the Operating Advisor and/or the Trustee. Proof of
execution of any such instrument or of a writing appointing any such agent shall

 

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be
sufficient for any purpose of this Agreement and conclusive in favor of the Depositor, the Servicer, the Special Servicer, the
Operating Advisor, the Trustee and the Certificate Administrator if made in the manner provided in this Section.

 

(b)         The
fact and date of the execution of any Certificateholder of any such instrument or writing may be proved in any reasonable manner
which the Certificate Administrator deems sufficient.

 

(c)         The
Certificate Administrator may require additional proof of any matter referred to in this Section as it shall deem reasonably necessary.

 

(d)         Any
request, demand, authorization, direction, notice, consent, waiver, or other act by a Certificateholder shall bind every Holder
of every Certificate issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, in respect of
anything done, or omitted to be done, by the Depositor, the Servicer, the Special Servicer, the Operating Advisor, the Trustee
or the Certificate Administrator in reliance thereon, whether or not notation of such action is made upon such Certificate.

 

11.12     Successors
and Assigns. The rights and obligations of any party hereto shall not be assigned (except as expressly permitted hereunder,
including pursuant to Sections 6.2, 6.4, 8.7, 8.9, 9.6 or 9.7 hereof) by such party
without the prior written consent of the other parties hereto. This Agreement shall inure to the benefit of and be binding upon
the Depositor, the Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate Administrator and their
respective permitted successors and assigns. No Person other than a party to this Agreement, a designated third-party beneficiary
and any Certificateholder shall have any rights with respect to the enforcement of any of the rights or obligations hereunder.
Without limiting the foregoing, the parties to this Agreement specifically agree that (i) each Loan Seller, each Companion Loan
Holder and each Initial Purchaser shall be a third-party beneficiary of this Agreement with respect to any of its respective rights
specifically set forth hereunder, (ii) the Retaining Sponsor shall be a third-party beneficiary of this Agreement with respect
to its rights under Section 5.2(f) and Section 5.3(j), (iii) each Other Depositor and Other Exchange Act Reporting
Party shall be third-party beneficiary of this Agreement with respect to its rights under Article 13, and (iv) no Borrower
Related Party, Property Manager or, except as contemplated by the immediately preceding clause (i), other party to the
Mortgage Loan is an intended third-party beneficiary of this Agreement.

 

11.13     Acceptance
by Authenticating Agent, Certificate Registrar. The Certificate Administrator hereby accepts its appointment as Authenticating
Agent and Certificate Registrar and agrees to perform the obligations required to be performed by it in each such capacity pursuant
to the terms of this Agreement.

 

11.14     Streit
Act . Any provisions required to be contained in this Agreement by Section 126 and/or Section 130-k or Article 4-A of
the New York Real Property Law are hereby incorporated herein, and such provisions shall be in addition to those conferred or
imposed by this Agreement; provided, however, to the extent that such Section 126 and/or 130-k shall not have any
effect, and if said Section 126 and/or Section 130-k should at any time be repealed or cease to apply to this Agreement or be
construed by judicial decision to be inapplicable, said Section 126

 

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and/or
Section 130-k shall cease to have any further effect upon the provisions of this Agreement. In a case of a conflict between the
provisions of this Agreement and any mandatory provisions of Article 4-A of the New York Real Property Law, such mandatory provisions
of said Article 4-A shall prevail, provided that if said Article 4-A shall not apply to this Agreement, should at any time be
repealed, or cease to apply to this Agreement or be construed by judicial decision to be inapplicable, such mandatory provisions
of such Article 4-A shall cease to have any further effect upon the provisions of this Agreement.

 

11.15     Assumption
by Trust of Duties and Obligations of the Lender Under the Mortgage Loan Documents. The Trustee on behalf of the Trust as
assignee of the Mortgage Loan and the Servicer and the Special Servicer hereby acknowledge that the Trust assumes all of the rights
and obligations of the Lender as lenders under the Mortgage Loan Documents and agrees to be bound thereby, and in accordance with
the terms thereof. Such acknowledgement on behalf of the Trust is made by the Trustee in the exercise of the powers and authority
conferred and vested in it and is intended for the purpose of binding only the Trust. Nothing contained in this Section shall
be construed as creating any liability on the part of the Trustee, individually or personally, it being agreed that all liabilities
and obligations being acknowledged as assumed are solely those of the Trust, and under no circumstances shall the Trustee be liable
personally for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Trust under
this Agreement, any Mortgage Loan Document or any related document.

 

11.16     Treatment
as a Security Agreement . The Depositor, concurrently with the execution and delivery hereof, has conveyed to the Trust,
all of its right, title and interest in and to the Mortgage Loan. The parties intend that such conveyance of the Depositor’s
right, title and interest in and to the Mortgage Loan pursuant to this Agreement shall constitute a purchase and sale and not
a loan. If such conveyance is deemed to be a pledge and not a sale, then the parties also intend and agree that the Depositor
shall be deemed to have granted, and in such event does hereby grant, to the Trustee, in trust for the registered holders of Holders
of BWAY Commercial Mortgage Trust 2022-26BW, Commercial Mortgage Pass-Through Certificates, Series 2022-26BW, a first priority
security interest in all of its right, title and interest, whether now owned or existing or hereafter acquired or arising, in,
to and under the Mortgage Loan, all payments of principal or interest with respect to the Mortgage Loan on or after the Closing
Date and all proceeds thereof that may come due with respect to the Mortgage Loan and that this Agreement shall constitute a security
agreement under applicable law.

 

11.17     Cooperation
With the Loan Sellers With Respect to Rights Under the Mortgage Loan Agreement. It is expressly agreed and understood that,
notwithstanding the assignment of the Mortgage Loan Documents, it is expressly intended that the Loan Sellers is entitled to the
benefit of any securitization indemnification provisions that specifically run to the benefit of the Lender in the Mortgage Loan
Documents. Therefore, the Depositor, Servicer, Special Servicer and Trustee hereby agree to reasonably cooperate with any Loan
Seller, at the sole expense of such Loan Seller, with respect to obtaining the benefits of the provisions of any section of the
Mortgage Loan Agreement providing for indemnification of the Lender and/or its loan seller affiliates with respect to the current
securitization of the Mortgage Loan, including, without limitation, executing any documents as are necessary to permit such Loan
Seller to enforce such provisions for its benefit; provided, that none of the Depositor, Servicer, Special Servicer or
Trustee shall be required to take any action that is inconsistent with Accepted Servicing Practices,

 

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would
violate applicable law, the terms and provisions of this Agreement, any related mezzanine intercreditor agreement or the Mortgage
Loan Documents, would adversely affect any Certificateholder, would cause either Trust REMIC to fail to qualify as a REMIC for
federal income tax purposes, or would result in the imposition of a “prohibited transaction” or “prohibited
contribution” tax under the REMIC Provisions. To the extent that the Trustee is required to execute any document facilitating
the above rights of a Loan Seller under this Section 11.17, such document shall be in form and substance reasonably acceptable
to the Trustee.

 

11.18     Electronic
Signatures.Each of the parties hereto agrees that the transaction consisting of this Agreement (and, to the
extent permitted under applicable law, each officer’s certificate, receipt or similar closing document delivered in connection
with the closing of this transaction) may be conducted by electronic means. Each party agrees, and acknowledges that it is such
party’s intent, that if such party signs this Agreement (or, if applicable, such closing document) using an electronic signature,
it is signing, adopting, and accepting this Agreement or such closing document and that signing this Agreement or such closing
document using an electronic signature is the legal equivalent of having placed its handwritten signature on this Agreement or
such closing document on paper. The use of electronic signatures and electronic records (including, without limitation, any contract
or other record created, generated, sent, communicated, received, or stored by electronic means) shall be of the same legal effect,
validity and enforceability as a manually executed signature or use of a paper-based record-keeping system to the fullest extent
permitted by applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State
Electronic Signatures and Records Act and any other applicable law, including, without limitation, any state law based on the
Uniform Electronic Transactions Act or the Uniform Commercial Code.

 

12.       REMIC
ADMINISTRATION

 

12.1       REMIC
Administration. (a) The Depositor intends that each of the Lower-Tier REMIC and the Upper-Tier REMIC shall constitute, and
that the affairs of each of the Lower-Tier REMIC and the Upper-Tier REMIC shall be conducted so as to qualify it as, a REMIC,
and the provisions hereof shall be interpreted consistently with this intention.

 

(b)         The
Certificate Administrator shall make or cause to be made an election on behalf of each of the Lower-Tier REMIC and the Upper-Tier
REMIC to treat the segregated pool of assets constituting such REMIC as a REMIC under the Code. Each such election shall be made
on IRS Form 1066 or other appropriate federal tax or information return for the taxable year ending on the last day of the calendar
year in which the Certificates are issued.

 

(c)         The
Closing Date is hereby designated as the “Startup Day” of each of the Lower-Tier REMIC and the Upper-Tier REMIC
within the meaning of Section 860G(a)(9) of the Code. The “latest possible maturity date” of the Regular Certificates
and the Uncertificated Lower-Tier Interests is the date that is the Rated Final Distribution Date for the purposes of Section
860G(a)(1) of the Code.

 

(d)         The
Certificate Administrator shall prepare or cause to be prepared and file or cause to be filed with the IRS, on behalf of each
of the Lower-Tier REMIC and the Upper-Tier REMIC, an application for a taxpayer identification number for such REMIC on IRS Form
SS-4

 

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or
obtain such number by other permissible means. Within thirty days of the Closing Date, the Certificate Administrator shall furnish
or cause to be furnished to the IRS, on IRS Form 8811 or as otherwise may be required by the Code, the name, title and address
of the Persons that Certificateholders may contact for tax information relating thereto (and the Certificate Administrator shall
act as the representative of each of the Lower-Tier REMIC and the Upper-Tier REMIC for this purpose), together with such additional
information as may be required by such Form, and shall update such information at the time or times and in the manner required
by the Code (and the Depositor agrees within ten (10) Business Days of the Closing Date to provide any information reasonably
requested by the Servicer or the Certificate Administrator and necessary to make such filing).

 

(e)         The
Certificate Administrator shall pay without any right of reimbursement the ordinary and usual expenses in connection with the
preparation, filing and mailing of tax information reports and returns that are incurred by it in the ordinary course of its business,
but extraordinary or unusual expenses, costs or liabilities incurred in connection with its tax related duties under this Agreement,
including without limitation any expenses, costs or liabilities associated with audits or any administrative or judicial proceedings
with respect to the Lower-Tier REMIC or the Upper-Tier REMIC that involve the IRS or state tax authorities, shall be reimbursable
from the Trust.

 

(f)         The
Certificate Administrator shall prepare or cause to be prepared, timely furnish or cause to be furnished to the Trustee to sign
(and the Trustee shall timely sign), and the Certificate Administrator shall file or cause to be filed all federal, state and
local income or franchise or other tax and information returns for each of the Lower-Tier REMIC and the Upper-Tier REMIC as the
direct representative for such REMIC. Except as provided in Section 12.1(e), the expenses of preparing and filing such
returns shall be borne by the Certificate Administrator. The Depositor shall provide on a timely basis to the Certificate Administrator
or its designee such information with respect to each of the Lower-Tier REMIC and the Upper-Tier REMIC as is in its possession,
and is reasonably requested by the Certificate Administrator to enable it to perform its obligations under this subsection, and
the Certificate Administrator shall be entitled to rely on such information in the performance of its obligations hereunder.

 

(g)         The
Certificate Administrator shall perform on behalf of each of the Lower-Tier REMIC and the Upper-Tier REMIC all reporting and other
tax compliance duties that are the responsibility of such REMIC under the Code, the REMIC Provisions, or other compliance guidance
issued by the IRS or any state or local taxing authority. Among its other duties, the Certificate Administrator shall provide
(i) to the IRS or other Persons (including, but not limited to, the transferor of a Class R Certificate to a Disqualified Organization
or to an agent that has acquired a Class R Certificate on behalf of a Disqualified Organization) such information as is necessary
for the application of any tax relating to the transfer of a Class R Certificate to any Disqualified Organization and (ii) to
the Certificateholders such information or reports as are required by the Code or REMIC Provisions. The Depositor shall provide
on a timely basis (and in no event later than 30 days after the Certificate Administrator’s request) to the Certificate
Administrator or its designee such information with respect to each of the Lower-Tier REMIC and the Upper-Tier REMIC as is in
its possession and is reasonably requested in writing by the Certificate Administrator to enable it to perform its obligations
under this subsection.

 

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(h)         The
Class R Certificateholders, by acceptance of the Class R Certificates, agree, on behalf of themselves and all successor holders
of such Class R Certificates, to the irrevocable designation of the Certificate Administrator as the “partnership representative”
of each Trust REMIC within the meaning of Section 6223 of the Code (to the extent such provision is applicable to the Trust REMICs).
The Certificate Administrator shall make any elections allowed under the Code (i) to avoid the application of Section 6221 of
the Code (or successor provision) to any Trust REMIC and (ii) to avoid payment by any Trust REMIC under Section 6225 of the Code
of any tax, penalty, interest or other amount imposed under the Code that would otherwise be imposed on any holder of any residual
interest of any Trust REMIC, past or present. Each Holder of a Percentage Interest in the Class R Certificates, by acceptance
thereof, is deemed to agree to any such elections.

 

(i)          The
Trustee, the Certificate Administrator, the Holders of the Class R Certificates, the Servicer and the Special Servicer shall perform
their obligations under this Agreement and the REMIC Provisions in a manner consistent with the status of each of the Lower-Tier
REMIC and the Upper-Tier REMIC as a REMIC.

 

(j)          The
Trustee, the Certificate Administrator, any Holder of the Class R Certificates, the Servicer and the Special Servicer shall not
take any action or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to take any action, within their respective control
and the scope of their specific respective duties under this Agreement that, under the REMIC Provisions, could reasonably be expected
to (i) endanger the status of either the Lower-Tier REMIC or the Upper-Tier REMIC as a REMIC or (ii) unless permitted under Section
12.2(a), result in the imposition of a tax upon either the Lower-Tier REMIC or the Upper-Tier REMIC (including but not limited
to the tax on prohibited transactions as defined in Code Section 860F(a)(2) and the tax on prohibited contributions as defined
in Code Section 860G(d)) (any such result in clause (i) or (ii), an “Adverse REMIC Event”) unless (A)
the Trustee, the Certificate Administrator and the Servicer have received a Nondisqualification Opinion (at the expense of the
party seeking to take such action or of the Trust if taken for the benefit of the Certificateholders) with respect to such action
or (B) the Trustee, the Certificate Administrator and the Servicer have received an opinion (at the expense of the party seeking
to take such action or of the Trust if taken for the benefit of the Certificateholders) to the effect that such action shall not
cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC and that no tax shall actually be imposed.

 

(k)         Any
and all federal, state and local taxes imposed on the Upper-Tier REMIC or the Lower-Tier REMIC or its assets or transactions,
including, without limitation, “prohibited transaction” taxes as defined in Section 860F of the Code, and any tax
on contributions imposed by Section 860G(d) of the Code, shall be paid from the Collection Account; provided that the Servicer,
upon two (2) days prior written notice, shall remit from the Collection Account to the Certificate Administrator the amount of
any such tax that the Certificate Administrator notifies the Servicer is due; provided, further, if such taxes shall
have been imposed on account of the negligence, bad faith, fraud or willful misconduct of any party hereto, or in connection with
the breach of any representation or warranty made by any party hereto in this Agreement, then such taxes shall be paid by such
party.

 

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(l)          The
Certificate Administrator shall, for federal income tax purposes, maintain books and records with respect to the Lower-Tier REMIC
and the Upper-Tier REMIC on a calendar year and on an accrual basis. Notwithstanding anything to the contrary contained herein
or in the Mortgage Loan Documents (but subject to Section 1.3), all amounts collected on the Mortgage Loan shall, for federal
income tax purposes, be allocated first to interest due and payable on the Mortgage Loan (including interest on overdue interest)
other than Default Interest. The books and records shall be sufficient concerning the nature and amount of the investments of
the Lower-Tier REMIC and the Upper-Tier REMIC to show that such REMIC has complied with the REMIC Provisions.

 

(m)        None
of the Certificate Administrator, the Trustee, the Servicer or the Special Servicer shall enter into any arrangement by which
either the Lower-Tier REMIC or the Upper-Tier REMIC shall receive a fee or other compensation for services.

 

(n)         In
order to enable the Certificate Administrator to perform its duties as set forth herein, the Depositor shall provide, or cause
to be provided, to the Certificate Administrator within ten (10) days after the Closing Date, all information or data that the
Certificate Administrator reasonably determines to be relevant for tax purposes on the valuations and offering prices of the Certificates,
including, without limitation, the yield, issue prices, pricing prepayment assumption and projected cash flows of the Certificates,
as applicable, and the projected cash flows on the Mortgage Loan. Thereafter, the Depositor, the Trustee, the Servicer and the
Special Servicer shall provide to the Certificate Administrator, promptly upon request therefor, any such additional information
or data that the Certificate Administrator may, from time to time, reasonably request in order to enable the Certificate Administrator
to perform its duties as set forth herein. The Certificate Administrator is hereby directed to use any and all such information
or data provided by the Trustee, the Depositor, the Servicer and the Special Servicer in the preparation of all federal, state
or local income, franchise or other tax and information returns and reports for each of the Lower-Tier REMIC and the Upper-Tier
REMIC to Certificateholders as required herein. The Depositor hereby indemnifies the Certificate Administrator for any and all
claims, losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments or other costs and
expenses of the Certificate Administrator arising from any errors or miscalculations of the Certificate Administrator pursuant
to this Section 12.1 that result from any failure of the Depositor to provide or to cause to be provided, accurate information
or data to the Certificate Administrator (but not resulting from the methodology employed by the Certificate Administrator) on
a timely basis and such indemnifications shall survive the termination of this Agreement and the termination of the Certificate
Administrator.

 

The
Certificate Administrator agrees that all such information or data so obtained by it shall be regarded as confidential information
and agrees that it shall use its best reasonable efforts to retain in confidence, and shall ensure that its officers, employees
and representatives retain in confidence, and shall not disclose, without the prior written consent of the Depositor, any or all
of such information or data, or make any use whatsoever (other than for the purposes contemplated by this Agreement) of any such
information or data without the prior written consent of the Depositor, unless such information is generally available to the
public (other than as a result of a breach of this Section) or is required by law or applicable regulations to be disclosed.

 

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12.2       Foreclosed
Property . (a) The parties hereto acknowledge and understand that if the Trust were to acquire the Property as Foreclosed
Property and were to own and operate the Property in a manner consistent with the manner in which the Property is currently owned
and operated by the Borrower Related Parties, through a Successor Manager, some portion or all of the income derived in the Lower-Tier
REMIC from such Foreclosed Property may be considered “net income from foreclosure property” for purposes of Section
860G(c) of the Code and subject to tax at normal corporate income tax rates.

 

In
determining whether to acquire and hold any Foreclosed Property, the Special Servicer, acting on behalf of the Trustee hereunder,
shall take these circumstances into account and shall only acquire or hold such Foreclosed Property if it determines, in its reasonable
judgment (after, consultation with counsel, at the expense of the Trust), that either (i) there is a commercially feasible alternative
method of administering such Foreclosed Property that would not result in such tax, e.g., a net lease that results in Rents from
Real Property or (ii) the likely recovery with respect to operating the Foreclosed Property on behalf of the Trust, after taking
into account any such taxes that might be imposed on either the Lower-Tier REMIC or the Upper-Tier REMIC, shall exceed the likely
recovery to the Trust if the Trust were to net lease the Foreclosed Property or were not to acquire and hold the Foreclosed Property.
If the Trust acquires any Foreclosed Property, the Special Servicer, acting on behalf of the Trustee, if a Property Manager would
not be considered an Independent Contractor, shall either renegotiate the applicable Management Agreement or replace such Property
Manager with a Successor Manager (as appropriate and to the extent permitted under such Management Agreement) so that the Foreclosed
Property would be considered to be operated by an Independent Contractor. If, after making the foregoing reasonable efforts, the
Special Servicer determines that it is in the best interests of the Certificateholders on a net after tax basis to operate the
Foreclosed Property in a manner such that the Lower-Tier REMIC or Upper-Tier REMIC shall receive, based upon an Opinion of Counsel,
“net income from foreclosure property” under the REMIC Provisions, the Special Servicer shall maintain or cause to
be maintained such records of income and expense as to enable such amounts to be computed accurately, and shall pay or retain
or cause to be paid or retained from Foreclosure Proceeds such amounts as are necessary to pay such tax or, to the extent such
amounts are insufficient, from the Collection Account pursuant to Section 3.4(c)(ix).

 

Without
limiting the generality of the foregoing, the Special Servicer shall not, to the extent within its power:

 

(i)          permit
the Trust to enter into, renew or extend any new lease with respect to the Foreclosed Property, if the new lease by its terms
shall give rise to any income that does not constitute Rents from Real Property;

 

(ii)         permit
any amount to be received or accrued under any new lease other than amounts that shall constitute Rents from Real Property;

 

(iii)        authorize
or permit any construction on the Foreclosed Property, other than the completion of a building or other improvement thereon, and
then only if more than ten percent of the construction of such building or other improvements was completed before default on
the Mortgage Loan became imminent, all within the meaning of Section 856(e)(4)(B) of the Code; or

 

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(iv)        Directly
Operate, other than through an Independent Contractor, or allow any other Person to Directly Operate, other than through a Property
Manager or an Independent Contractor, any Foreclosed Property on any date more than 90 days after its acquisition date.

 

(b)        The
Special Servicer, acting on behalf of the Trust hereunder, shall make reasonable efforts to sell the Foreclosed Property for its
fair market value in accordance with Section 3.16. In any event, however, the Special Servicer, acting on behalf of the
Trustee hereunder, shall dispose of any Foreclosed Property as soon as is practicable but in no event later than the close of
the third calendar year following the year in which the Acquisition Date occurs unless (1) the Special Servicer, on behalf of
the Trustee, has received (or has not been denied) an extension of time (an “Extension”) by the IRS to sell
the Foreclosed Property or (2) the Trustee, the Certificate Administrator and the Servicer have received an opinion of independent
counsel to the effect that the holding by the Trust of the Foreclosed Property for an additional specified period shall neither
result in the imposition of taxes on “prohibited transactions” of the Trust as defined in Section 860F of the Code,
nor cause the Upper-Tier REMIC or the Lower-Tier REMIC to fail to qualify as a REMIC at any time that the Certificates are outstanding,
in which event such period shall be extended by such additional specified period, with the expenses of obtaining any such extension
of time being an expense of the Trust. If the Special Servicer, on behalf of the Trust, has received (or has not been denied)
such Extension, then the Special Servicer, acting on behalf of the Trust hereunder, shall continue to attempt to sell the Foreclosed
Property for its fair market value for such longer period as such Extension permits (the “Extended Period”).
If the Special Servicer, acting on behalf of the Trustee, has not received such an Extension and the Special Servicer, acting
on behalf of the Trustee hereunder, is unable to sell the Foreclosed Property, within the foregoing period or if the Special Servicer,
acting on behalf of the Trustee hereunder, has received such an Extension, and the Special Servicer, acting on behalf of the Trustee
hereunder, is unable to sell the Foreclosed Property within the Extended Period, the Special Servicer shall, before the end of
the above referenced period or the Extended Period, as the case may be, auction the Foreclosed Property to the highest offeror
(which may be the Special Servicer) in accordance with Accepted Servicing Practices.

 

(c)         Within
30 days of the sale of a Foreclosed Property, the Special Servicer shall provide to each of the Certificate Administrator, the
Operating Advisor and the Trustee a statement of accounting for the Foreclosed Property, including, without limitation, (i) the
date the Property was acquired in foreclosure or by deed in lieu of foreclosure, (ii) the date of disposition of the Foreclosed
Property, (iii) the gross sale price and related selling and other expenses, (iv) accrued interest calculated from the date of
acquisition to the disposition date, and (v) such other information as the Certificate Administrator and/or Trustee may reasonably
request.

 

12.3       Prohibited
Transactions and Activities. The Special Servicer, on behalf of the Trust, shall not permit the sale or disposition of the
Mortgage Loan unless the Mortgage Loan is the subject of a Material Breach or Material Document Defect or is in default or default
with respect thereto is reasonably foreseeable (except in a disposition pursuant to (i) the bankruptcy or insolvency of the Lower-Tier
REMIC or (ii) the termination of the Lower-Tier REMIC in a “qualified liquidation” as defined in Section 860F(a)(4)
of the Code), nor acquire any assets for either the Lower-Tier REMIC or the Upper-Tier REMIC (other than Foreclosed Property),
nor sell or dispose of any investments in the Collection Account or Distribution Account for gain, nor

 

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receive
any amount representing a fee or other compensation for services, nor accept any contributions to either the Lower-Tier REMIC
or the Upper-Tier REMIC (other than a cash contribution during the three (3) month period beginning on the Startup Day), unless
it has received an Opinion of Counsel (at the expense of the Person requesting it to take such action) to the effect that such
disposition, acquisition, substitution or acceptance shall not (a) affect adversely the status of either the Lower-Tier REMIC
or the Upper-Tier REMIC as a REMIC, or of the Certificates as representing regular interests therein, (b) affect the distribution
of interest or principal on the Certificates, (c) result in the encumbrance of the assets transferred or assigned to either the
Lower-Tier REMIC or the Upper-Tier REMIC (except pursuant to the provisions of this Agreement), or (d) cause either the Lower-Tier
REMIC or the Upper-Tier REMIC to be subject to a tax on “prohibited transactions” or “prohibited contributions”
pursuant to the REMIC Provisions.

 

12.4       Indemnification
with Respect to Certain Taxes and Loss of REMIC Status. (a) If either the Lower-Tier REMIC or the Upper-Tier REMIC fails to
qualify as a REMIC, loses its status as a REMIC, or incurs state or local taxes, or a tax as a result of a prohibited transaction
or contribution subject to taxation under the REMIC Provisions due to the negligence, bad faith or willful misconduct by the Certificate
Administrator of its duties and obligations specifically set forth herein, or by reason of the Certificate Administrator’s
negligent disregard of its obligations and duties thereunder, the Certificate Administrator shall indemnify the Trust against
any and all claims, losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments or other
costs and expenses (“Losses”) resulting therefrom; provided, however, the Certificate Administrator
shall not be liable for any such Losses attributable to the action or inaction of the Depositor, the Servicer, the Special Servicer,
the Trustee or the Holders of the Class R Certificates nor for any such Losses resulting from misinformation provided by the Holders
of the Class R Certificates, the Servicer, the Special Servicer, the Trustee, or the Depositor, on which the Certificate Administrator
has relied. The foregoing shall not be deemed to limit or restrict the rights and remedies of successor Holders of the Class R
Certificates at law or in equity.

 

(b)         If
either the Lower-Tier REMIC or the Upper-Tier REMIC fails to qualify as a REMIC, loses its status as a REMIC, or incurs state
or local taxes, or a tax as a result of a prohibited transaction or contribution subject to taxation under the REMIC Provisions
due to the negligence, bad faith or willful misconduct of the Servicer or the Special Servicer in the performance of its duties
and obligations set forth herein, or by reason of the Servicer’s or Special Servicer’s negligent disregard of its
obligations and duties thereunder, the Servicer or the Special Servicer, as the case may be, shall indemnify the Trust against
any and all Losses resulting therefrom; provided, however, the Servicer or the Special Servicer, as the case may
be, shall not be liable for any such losses attributable to the action or inaction of the Certificate Administrator, the Depositor,
the Holders of the Class R Certificates nor for any such losses resulting from misinformation provided by the Certificate Administrator,
the Depositor or the Holders of the Class R Certificates on which the Servicer or the Special Servicer, as the case may be, has
relied. The foregoing shall not be deemed to limit or restrict the rights and remedies of any successor Holders of the Class R
Certificates at law or in equity.

 

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13.       EXCHANGE
ACT REPORTING AND REGULATION AB COMPLIANCE

 

13.1       Intent
of the Parties; Reasonableness. The parties hereto acknowledge and agree that the purpose of Article 13 of this Agreement
is, among other things, to facilitate compliance by any Other Depositor with the provisions of Regulation AB and the related rules
and regulations of the Commission. Except as expressly required by Sections 13.7, 13.8 and 13.9, the Depositor shall not, and
no Other Depositor may, exercise its rights to request delivery of information or other performance under these provisions other
than in good faith, or for purposes other than compliance with the Act, the Exchange Act and the Sarbanes-Oxley Act. The parties
hereto acknowledge that interpretations of the requirements of Regulation AB may change over time due to interpretive guidance
provided by the Commission or its staff, and agree to comply with reasonable requests made by the Depositor, or any Other Depositor,
in good faith for delivery of information under these provisions on the basis of such evolving interpretations of Regulation AB.
In connection with the BWAY Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-26BW, and any
Companion Loan Securities, each of the parties to this Agreement shall cooperate fully with the Depositor, the Certificate Administrator,
any Other Depositor and any Other Exchange Act Reporting Party, as applicable, to deliver to the Depositor or Other Depositor,
as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any
other information in its possession or reasonably available to it and necessary in the reasonable good faith determination of
the Depositor, the Certificate Administrator, any Other Depositor or any Other Exchange Act Reporting Party, as applicable, to
permit any Other Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer,
the Special Servicer, the Operating Advisor, the Certificate Administrator, the Custodian and the Trustee, as applicable,
and any Sub-Servicer, or the servicing of the Mortgage Loan, reasonably believed by the Depositor or any Other Depositor, as applicable,
to be necessary in order to effect such compliance.

 

13.2       Succession;
Sub-Servicers; Subcontractors . (a) For so long as any Other Securitization Trust is subject to the reporting requirements
of the Exchange Act (in addition to any requirements contained in Section 13.7 of this Agreement), in connection with the succession
to the Servicer, the Special Servicer or any Sub-Servicer as servicer or sub-servicer (to the extent such Sub-Servicer is a “servicer”
as contemplated by Item 1108(a)(2) of Regulation AB) under this Agreement by any Person (i) into which the Servicer, Special Servicer
or such Sub-Servicer may be merged or consolidated, or (ii) which may be appointed as a successor to the Servicer, the Special
Servicer or any such Sub-Servicer, the Servicer or Special Servicer, as applicable (depending on whether such succession involves
it or one of its Sub-Servicers), shall provide (other than in the case of a succession pursuant to an appointment under Section
7.1 or 7.2, in which case the successor servicer or successor special servicer, as applicable, shall provide) to any Other Depositor
as to which the applicable Companion Loan is affected, at least five (5) Business Days prior to the effective date of such succession
or appointment as long as such disclosure prior to such effective date would not be violative of any applicable law or confidentiality
agreement (and as long as such notice is not given by a successor servicer or successor special servicer appointed under Section
7.1 or 7.2), and otherwise no later than one (1) Business Day after such effective date of succession, (x) written notice to the
Depositor and each such Other Depositor of such succession or appointment and (y) in writing and in form and substance reasonably
satisfactory to each such Other Depositor, all information relating to such successor servicer reasonably requested by any such
Other Depositor in order to comply with its reporting obligation under Item 6.02 of

 

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Form
8-K pursuant to the Exchange Act (if such reports under the Exchange Act are required to be filed under the Exchange Act). The
Certificate Administrator (or the Trustee, if applicable) shall provide similar notice to the Depositor and each such Other Depositor
in connection with any resignation or termination of the Servicer, the Special Servicer, any Sub-Servicer or the Certificate Administrator.
In addition, with respect to each Companion Loan, the Certificate Administrator shall comply with the Trust’s obligations
under the Co-Lender Agreement (including with respect to the provision of any required notices) in connection with any resignation,
termination, replacement or appointment of the Servicer, the Special Servicer, any Sub-Servicer or the Certificate Administrator
or any successor thereto.

 

(a)         For
so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, if the Servicer, the Special
Servicer, any Sub-Servicer, the Custodian, the Trustee and the Certificate Administrator (each of the Servicer, the Special Servicer,
the Custodian, the Trustee and the Certificate Administrator and each Sub-Servicer, for purposes of this Section 13.2(b)
and Sections 13.2(c), 13.2(d) and 13.16, a “Servicing Party”) is permitted to utilize
one or more Subcontractors to perform certain of its obligations hereunder. Such Servicing Party shall promptly upon request provide
to the Depositor, as well as any Other Depositor as to which the applicable Companion Loan is affected, a written description
(in form and substance satisfactory to each such Other Depositor) of the role and function of each Subcontractor that is a Servicing
Function Participant utilized by such Servicing Party during the preceding calendar year, specifying (i) the identity of such
Subcontractor, and (ii) which elements of the Servicing Criteria will be addressed in assessments of compliance provided by each
such Subcontractor. Each Servicing Party shall cause any Subcontractor utilized by such Servicing Party that is determined to
be a Servicing Function Participant to comply with the provisions of Section 13.8 and Section 13.9 of this Agreement
to the same extent as if such Subcontractor were such Servicing Party. Such Servicing Party shall obtain from each such Subcontractor
(or, in the case of each Sub-Servicer set forth on Exhibit N, shall use commercially reasonable efforts to obtain from
such Sub-Servicer) and deliver to the applicable Persons any assessment of compliance report and related accountant’s attestation
required to be delivered by such Subcontractor under Section 13.8 and Section 13.9 of this Agreement, in each case,
as and when required to be delivered.

 

(b)         For
so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, notwithstanding the foregoing,
if a Servicing Party engages a Subcontractor in connection with the performance of any of its duties under this Agreement, such
Servicing Party shall be responsible for determining whether such Subcontractor is a “servicer” within the meaning
of Item 1101 of Regulation AB and whether such Subcontractor meets the criteria in Item 1108(a)(2)(i), (ii) or (iii) of Regulation
AB. If a Servicing Party determines, pursuant to the preceding sentence, that such Subcontractor is a “servicer” within
the meaning of Item 1101 of Regulation AB and meets the criteria in Item 1108(a)(2)(i), (ii) or (iii) of Regulation AB, the engagement
of such Subcontractor shall not be effective unless and until notice is given to the Depositor and the Certificate Administrator,
as well as any Other Depositor as to which the applicable Companion Loan is affected, of any such Subcontractor and sub-servicing
agreement and, if such Subcontractor is engaged by the Servicer or the Special Servicer, such Subcontractor shall be deemed to
be a Sub-Servicer for purposes of this Agreement. Written notice of the engagement of such Subcontractor and the related Sub-Servicing
Agreement (other than such agreements set forth on Exhibit U hereto) (with respect to the Servicer or the Special Servicer)
or

 

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sub-servicing
agreement (with respect to any other Servicing Party) shall be delivered to the Depositor, the Certificate Administrator and each
such Other Depositor at least five (5) Business Days prior to the effective date of such engagement. Such notice shall contain
all information reasonably necessary, and in such form as may be necessary, to enable each Other Exchange Act Reporting Party
as to which the applicable Companion Loan is affected, to accurately and timely report the event under Item 6.02 of Form 8-K pursuant
to the related Other Pooling and Servicing Agreement or otherwise (if such reports under the Exchange Act are required to be filed
under the Exchange Act).

 

(c)         For
so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, in connection with the
succession to the Trustee or Certificate Administrator under this Agreement by any Person (i) into which the Trustee or Certificate
Administrator may be merged or consolidated, or (ii) which may be appointed as a successor to the Trustee or Certificate Administrator,
the Trustee or Certificate Administrator, as applicable, shall notify the Depositor and each Other Depositor, at least ten Business
Days prior to the effective date of such succession or appointment (or if such prior notice would be violative of applicable law
or any applicable confidentiality agreement, no later than the time required under Section 13.6 of this Agreement) and
shall furnish pursuant to Section 13.6 of this Agreement to each Other Depositor in writing and in form and substance reasonably
satisfactory to the Depositor and each Other Depositor, all information reasonably necessary for each Other Exchange Act Reporting
Party to accurately and timely report the event under Item 6.02 of Form 8-K pursuant to the related Other Pooling and Servicing
Agreement or otherwise (if such reports under the Exchange Act are required to be filed under the Exchange Act).

 

13.3       Other
Securitization Trust’s Filing Obligations . For so long as any Other Securitization Trust is subject to the reporting
requirements of the Exchange Act, the Servicer, the Special Servicer, the Operating Advisor, the Custodian, the Certificate Administrator
and the Trustee shall (and shall cause (or, in the case of each Loan Seller Sub-Servicer, shall use commercially reasonable efforts
to cause) each Additional Servicer and Servicing Function Participant utilized thereby to) reasonably cooperate with each Other
Depositor in connection with the satisfaction of each Other Securitization Trust’s reporting requirements under the Exchange
Act.

 

13.4       Form
10-D Disclosure . For so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange
Act, within one Business Day after the related Distribution Date (using commercially reasonable efforts), but in no event later
than noon (New York City time) on the third Business Day after the related Distribution Date, (i) the parties as set forth on
Exhibit V to this Agreement, shall be required to provide to each Other Exchange Act Reporting Party and each Other Depositor
to which the particular Additional Form 10-D Disclosure is relevant for Exchange Act reporting purposes, to the extent a Servicing
Officer or Responsible Officer thereof has knowledge thereof (other than information required by Item 1117 of Regulation AB as
to such party which shall be reported if actually known by any Servicing Officer or Responsible Officer, as the case may be, or
any lawyer in the in-house legal department of such party), in EDGAR-compatible format (to the extent available to such party
in such format), or in such other format as otherwise agreed upon by each such Other Exchange Act Reporting Party, each such Other
Depositor and such parties, the form and substance of the Additional Form 10-D Disclosure, if applicable, and (ii) the parties
listed on Exhibit V to this Agreement shall

 

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include
with such Additional Form 10-D Disclosure applicable to such party and shall cause each Sub-Servicer (or, in the case of each
Sub-Servicer set forth on Exhibit U, shall use commercially reasonable efforts to cause such Sub-Servicer) and Subcontractor
of such party to the extent required under Regulation AB to provide, and if received, include, an Additional Disclosure Notification
in the form attached as Exhibit X to this Agreement. The Certificate Administrator has no duty under this Agreement to
monitor or enforce the performance by the parties listed on Exhibit V to this Agreement of their duties under this paragraph
or proactively solicit or procure from such parties any Additional Form 10-D Disclosure information.

 

13.5       Form
10-K Disclosure. For so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act,
no later than March 1, commencing in March 2023, (i) the parties listed on Exhibit W to this Agreement shall be required
to provide (and (i) with respect to any Servicing Function Participant of such party that is a Loan Seller Sub-Servicer, shall
use commercially reasonable efforts to cause such Servicing Function Participant to provide, and (ii) with respect to any other
Servicing Function Participant of such party (other than any party to this Agreement), shall cause such Servicing Function Participant
to provide) to the Depositor, each Other Exchange Act Reporting Party and each Other Depositor to which the particular Additional
Form 10-K Disclosure is relevant for Exchange Act reporting purposes, to the extent a Servicing Officer or a Responsible Officer,
as the case may be, thereof has actual knowledge (other than information required by Item 1117 of Regulation AB as to such party
which shall be reported if actually known by any Servicing Officer or Responsible Officer, as the case may be, or any lawyer in
the in house legal department of such party), in EDGAR compatible format (to the extent available to such party in such format)
or in such other format as otherwise agreed upon by each such Other Exchange Act Reporting Party, each such Other Depositor and
such providing parties, the form and substance of any Additional Form 10-K Disclosure described on Exhibit W to this Agreement
applicable to such party, and (ii) the parties listed on Exhibit W to this Agreement shall include with such Additional
Form 10-K Disclosure applicable to such party and shall cause each Sub-Servicer (or, in the case of each Sub-Servicer set forth
on Exhibit U, shall use commercially reasonable efforts to cause such Sub-Servicer) and Subcontractor of such party to
the extent required under Regulation AB to provide, and if received, include, an Additional Disclosure Notification in the form
attached as Exhibit X to this Agreement. The Certificate Administrator has no duty under this Agreement to monitor or enforce
the performance by the parties listed on Exhibit W to this Agreement of their duties under this paragraph or proactively
solicit or procure from such parties any Additional Form 10-K Disclosure information.

 

13.6       Form
8-K Disclosure. For so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act,
to the extent a Servicing Officer or Responsible Officer thereof has actual knowledge of such event (other than Item 1117 of Regulation
AB as to such party which shall be reported if actually known by any Servicing Officer or Responsible Officer, as the case may
be, or any lawyer in the in-house legal department of such party), within one Business Day after the occurrence of an event requiring
disclosure on Form 8-K (each such event, a “Reportable Event”) (using commercially reasonable efforts), but in no
event later than 1:00 p.m. (New York City time) on the second (2nd) Business Day after the occurrence of a Reportable Event, (i)
the parties set forth on Exhibit Y to this Agreement shall be required to provide (and (i) with respect to any Servicing
Function Participant of such party that is a Loan Seller Sub-Servicer, shall use commercially reasonable efforts to cause such
Servicing Function Participant to provide, and (ii) with respect to any other Servicing Function Participant of such

 

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party
(other than any party to this Agreement), shall cause such Servicing Function Participant to provide) to each Other Depositor
and each Other Exchange Act Reporting Party to which the particular Form 8-K Disclosure Information is relevant for Exchange Act
reporting purposes, in EDGAR-compatible format (to the extent available to such party in such format) or in such other format
as otherwise agreed upon by each such Other Depositor, each such Other Exchange Act Reporting Party and such providing parties,
any Form 8-K Disclosure Information described on Exhibit Y to this Agreement as applicable to such party, if applicable,
and (ii) the parties listed on Exhibit Y to this Agreement shall include with such Form 8-K Disclosure Information applicable
to such party and shall cause each Sub-Servicer (or, in the case of each Sub-Servicer set forth on Exhibit U, shall use
commercially reasonable efforts to cause such Sub-Servicer) and Subcontractor of such party to the extent required under Regulation
AB to provide, and if received, include, an Additional Disclosure Notification in the form attached hereto as Exhibit X.
The Certificate Administrator has no duty under this Agreement to monitor or enforce the performance by the parties listed on
Exhibit Y of their duties under this paragraph or proactively solicit or procure from such parties any Form 8-K Disclosure
Information.

 

In
the case of a Form 8-K that is filed by or on behalf any Other Securitization Trust as a result of the termination, removal, resignation
or any other replacement of the Servicer, the Special Servicer, the Trustee, the Certificate Administrator or any Sub-Servicer
or Subcontractor of any of the foregoing parties (to the extent such Sub-Servicer or Subcontractor is a “servicer”
as contemplated by Item 1108(a)(2) of Regulation AB) under this Agreement, the proposed successor Servicer, Special Servicer,
Trustee, Certificate Administrator, Sub-Servicer or Subcontractor, as applicable, shall, as a condition to such succession and
at the reasonable expense of the same party or parties required to pay the costs and expenses relating to such termination, removal,
resignation or other replacement pursuant to this Agreement, provide to the Other Depositor and Other Exchange Act Reporting Party
of such Other Securitization Trust on or before the date of such proposed succession the following: (i) any information (including,
but not limited to, disclosure information) required for such Other Securitization Trust to comply in a timely manner with applicable
filing requirements under Items 1.01 and 6.02 of Form 8-K and (ii) such opinion(s) of counsel, certifications and/or indemnification
agreement(s) with respect to such information that are substantially similar to those delivered by the initial Servicer, the initial
Special Servicer, the initial Trustee, the initial Certificate Administrator or the initial Sub-Servicer, as the case may be,
or their respective counsel, in connection with the information concerning such party in the Offering Circular and/or any other
disclosure materials relating to this Trust.

 

13.7       Annual
Compliance Statements. On or before March 1 of each year, commencing in 2023, each of the Servicer, the Special Servicer (regardless
of whether the Special Servicer has commenced special servicing of the Mortgage Loan) and, for so long as any Other Securitization
Trust is subject to the reporting requirements of the Exchange Act, the Certificate Administrator, the Custodian and the Trustee
(if it has made, or is required to make, an Advance during the applicable calendar year), at its own expense, shall furnish (and
each such party, (i) with respect to each Servicing Function Participant that is a Sub-Servicer set forth on Exhibit W
with which it has entered into a servicing relationship with respect to the Mortgage Loan, shall use commercially reasonable efforts
to cause such Servicing Function Participant to furnish, and (ii) with respect to any other Servicing Function Participant of
such party (other than any party to this Agreement), shall cause such Servicing Function Participant to furnish) (each such Servicing
Function Participant and each of the Servicer, Special Servicer, the Custodian, the Certificate

 

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Administrator
and the Trustee (if it has made, or is required to make, an Advance during the applicable calendar year), a “Certifying
Servicer”) to the Certificate Administrator and the 17g-5 Information Provider (who shall post it to the Certificate
Administrator’s Website and the 17g-5 Information Provider’s Website, as applicable, pursuant to Section 8.14(b)),
the Trustee, the Operating Advisor (only in the case of an Officer’s Certificate furnished by the Special Servicer), the
Depositor and the Companion Loan Holder(s) (or, in the case of a Companion Loan that is part of an Other Securitization Trust,
the applicable Other Depositor and Other Exchange Act Reporting Party), an Officer’s Certificate stating, as to the signer
thereof, that (A) a review of such Certifying Servicer’s activities during the preceding calendar year or portion thereof
and of such Certifying Servicer’s performance under this Agreement or the applicable sub-servicing agreement, as applicable,
has been made under such officer’s supervision and (B) to the best of such officer’s knowledge, based on such review,
such Certifying Servicer has fulfilled all its obligations under this Agreement or the applicable sub-servicing agreement, as
applicable, in all material respects throughout such year or portion thereof, or, if there has been a failure to fulfill any such
obligation in any material respect, specifying each such failure known to such officer and the nature and status thereof. For
so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, promptly after receipt
of each such Officer’s Certificate, the Depositor (and, in the case of a Companion Loan that is part of an Other Securitization
Trust, the applicable Other Depositor and Other Exchange Act Reporting Party) may review each such Officer’s Certificate
and, if applicable, consult with the Certifying Servicer, as applicable, as to the nature of any failures by such Certifying Servicer,
respectively, or any related Servicing Function Participant with which such Certifying Servicer has entered into a servicing relationship
with respect to the Trust Loan or the Companion Loan(s) in the fulfillment of any Certifying Servicer’s obligations hereunder
or under the applicable sub-servicing or primary servicing agreement. The obligations of each Certifying Servicer under this Section
apply to each such Certifying Servicer that serviced the Trust Loan or a Companion Loan during the applicable period, whether
or not the Certifying Servicer is acting in such capacity at the time such Officer’s Certificate is required to be delivered.
Copies of all Officer’s Certificates delivered pursuant to this Section 13.7 shall be made available to any Privileged Person
by the Certificate Administrator by posting such Compliance Report to the Certificate Administrator’s Website pursuant to
Section 8.14(b).

 

13.8       Annual
Reports on Assessment of Compliance with Servicing Criteria . (a) On or before March 1 of each year, commencing in 2023,
the Servicer, the Special Servicer (regardless of whether the Special Servicer has commenced special servicing of the Mortgage
Loan) and, for so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the Operating
Advisor, the Custodian, the Certificate Administrator and the Trustee (if it has made, or is required to make, an Advance during
the applicable calendar year), each at its own expense, shall furnish (and each such party, (i) with respect to each Servicing
Function Participant that is a Sub-Servicer set forth on Exhibit W with which it has entered into a servicing relationship
with respect to the Mortgage Loan, shall use commercially reasonable efforts to cause such Servicing Function Participant to furnish,
and (ii) with respect to any other Servicing Function Participant of such party (other than any party to this Agreement), shall
cause such Servicing Function Participant to furnish) (each of the Servicer, the Special Servicer, the Operating Advisor, the
Certificate Administrator, the Custodian, any Servicing Function Participant and, if it has made (or is required to make) an Advance
during the applicable calendar year, the Trustee, as the case may be, a “Reporting Servicer”) to the Certificate
Administrator and

 

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the
17g-5 Information Provider (who shall post it to the Certificate Administrator’s Website and the 17g-5 Information Provider’s
Website, as applicable, pursuant to Section 8.14(b)), the Trustee, the Operating Advisor (only in the case of a report furnished
by the Special Servicer), Depositor and the Companion Loan Holder(s) (or, in the case of a Companion Loan that is part of an Other
Securitization Trust, the applicable Other Depositor and Other Exchange Act Reporting Party), a report on an assessment of compliance
with the Applicable Servicing Criteria that complies in all material respects with the requirements of Item 1122 of Regulation
AB and contains (A) a statement by such Reporting Servicer of its responsibility for assessing compliance with the Applicable
Servicing Criteria, (B) a statement that such Reporting Servicer used the Servicing Criteria to assess compliance with the Applicable
Servicing Criteria, (C) such Reporting Servicer’s assessment of compliance with the Applicable Servicing Criteria as of
the end of and for the preceding calendar year, including, if there has been any material instance of noncompliance with the Applicable
Servicing Criteria, a discussion of each such failure and the nature and status thereof (including whether such instance of noncompliance
involved the servicing of the assets backing the Certificates issued pursuant to this Agreement and any steps taken to remedy
such instance of noncompliance) and (D) a statement that a registered public accounting firm that is a member of the American
Institute of Certified Public Accountants has issued an attestation report on such Reporting Servicer’s assessment of compliance
with the Applicable Servicing Criteria as of and for such period. Copies of all compliance reports delivered pursuant to this
Section 13.8 shall be provided to any Certificateholder, upon the written request therefor, by the Certificate Administrator.

 

Each
such report shall be addressed to the Depositor and each Other Depositor (if addressed) and signed by an authorized officer of
the applicable company, and shall address each of the Applicable Servicing Criteria. For so long as any Other Securitization Trust
is subject to the reporting requirements of the Exchange Act, promptly after receipt of each such report, the Depositor and each
Other Depositor may review each such report and, if applicable, consult with each Reporting Servicer as to the nature of any material
instance of noncompliance with the Relevant Servicing Criteria.

 

(b)         On
the Closing Date, the Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator, the Custodian and
the Trustee each acknowledge and agree that Exhibit L to this Agreement sets forth the Relevant Servicing Criteria for
such party.

 

(c)         No
later than 30 days after the end of each fiscal year for the Trust, the Servicer, the Special Servicer and, for so long as any
Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the Operating Advisor, the Certificate
Administrator, the Custodian and, if it has made (or is required to make) an Advance during such fiscal year, the Trustee shall
notify the Certificate Administrator, the Depositor, each Other Exchange Act Reporting Party and each Other Depositor as to the
name of each Servicing Function Participant utilized by it, in each case, and each such notice will specify what specific Servicing
Criteria will be addressed in the report on assessment of compliance prepared by such Servicing Function Participant. When the
Servicer, the Special Servicer and, for so long as any Other Securitization Trust is subject to the reporting requirements of
the Exchange Act, the Operating Advisor, the Certificate Administrator, the Custodian, the Trustee (if it has made, or is required
to make, an Advance during the applicable calendar year) and any Servicing Function Participant submit their assessments pursuant
to Section 13.8(a) of this Agreement, such parties, as applicable, shall also

 

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at
such time include the assessment (and related attestation pursuant to Section 13.9) of each Servicing Function Participant
engaged by it. The fiscal year for the Trust shall be January 1 through and including December 31 of each calendar year.

 

(d)         In
the event the Servicer, the Special Servicer or, for so long as any Other Securitization Trust is subject to the reporting requirements
of the Exchange Act, the Operating Advisor, the Certificate Administrator, the Custodian or the Trustee (if it has made, or is
required to make, an Advance during the applicable period) is terminated or resigns pursuant to the terms of this Agreement, such
party shall provide, and each such party shall cause (or, if the Servicing Function Participant is a Loan Seller Sub-Servicer,
shall use commercially reasonable efforts to cause) any Servicing Function Participant engaged by it to provide (and the Servicer,
the Special Servicer, the Operating Advisor, the Certificate Administrator, the Custodian and the Trustee shall, with respect
to any Servicing Function Participant that resigns or is terminated under any applicable servicing agreement, cause such Servicing
Function Participant to provide) an annual assessment of compliance pursuant to this Section 13.8, coupled with an attestation
as required in Section 13.9 in respect of the period of time that the Servicer, the Special Servicer or, for so long as
any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the Operating Advisor, the Certificate
Administrator, the Custodian, or the Trustee (if it has made, or is required to make, an Advance during such period of time) was
subject to this Agreement or the period of time that the applicable Servicing Function Participant was subject to such other servicing
agreement.

 

13.9       Annual
Independent Public Accountants’ Servicing Report. On or before March 1 of each year, commencing in 2023, the Servicer,
the Special Servicer and, for so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange
Act, the Operating Advisor, the Certificate Administrator, the Custodian and the Trustee (if it has made, or is required to make,
an Advance during the applicable calendar year), each at its own expense, shall cause (and each such party, (i) with respect to
each Servicing Function Participant that is a Loan Seller Sub-Servicer, shall use commercially reasonable efforts to cause such
Servicing Function Participant to cause, and (ii) with respect to any other Servicing Function Participant of such party (other
than any party to this Agreement), shall cause such Servicing Function Participant to cause) a registered public accounting firm
(which may also render other services to the Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator,
the Custodian, the Trustee, or the applicable Servicing Function Participant, as the case may be) and that is a member of the
American Institute of Certified Public Accountants to furnish a report to the Certificate Administrator (who shall post it to
the Certificate Administrator’s Website pursuant to Section 8.14(b)), the Operating Advisor (only in the case of a report
furnished on behalf of the Special Servicer), the Depositor, the Companion Loan Holder(s) (or, in the case of a Companion Loan
that is part of an Other Securitization Trust, the applicable Other Depositor and Other Exchange Act Reporting Party) and the
17g-5 Information Provider (who shall post it to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)),
to the effect that (i) it has obtained a representation regarding certain matters from the management of such Reporting Servicer,
which includes an assessment from such Reporting Servicer of its compliance with the Applicable Servicing Criteria and (ii) on
the basis of an examination conducted by such firm in accordance with standards for attestation engagements issued or adopted
by the Public Company Accounting Oversight Board, it is expressing an opinion as to whether such Reporting Servicer’s assessment
of compliance with the Servicing Criteria was fairly stated in all material respects, or it cannot

 

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express
an overall opinion regarding such party’s assessment of compliance with the Applicable Servicing Criteria. In the event
that an overall opinion cannot be expressed, such registered public accounting firm shall state in such report why it was unable
to express such an opinion. Each accountant’s attestation report required hereunder shall be made in accordance with Rules
1-02(a)(3) and 2-02(g) of Regulation S-X under the Act and the Exchange Act. Such report must be available for general use and
not contain restricted use language. Copies of all statements delivered pursuant to this Section 13.9 shall be made available
to any Privileged Person by the Certificate Administrator posting such statement on the Certificate Administrator’s Website
pursuant to Section 8.14(b).

 

For
so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, promptly after receipt
of such report from the Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator, the Custodian, the
Trustee (if it has made, or is required to make, an Advance during the applicable calendar year) or any Servicing Function Participant,
the Depositor and each Other Depositor may review the report and, if applicable, consult with the Servicer, the Special Servicer
or, for so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the Operating
Advisor, the Certificate Administrator, the Custodian or the Trustee (if it has made, or is required to make, an Advance during
the applicable calendar year) as to the nature of any defaults by the Servicer, the Special Servicer, the Operating Advisor, the
Certificate Administrator, the Custodian, the Trustee (if it has made, or is required to make, an Advance during the applicable
calendar year) or any Servicing Function Participant with which it has entered into a servicing relationship with respect to the
Trust Loan or any Companion Loan, as the case may be, in the fulfillment of any of the Servicer’s, the Special Servicer’s,
the Operating Advisor’s, the Certificate Administrator’s, the Custodian’s, the Trustee’s (if it has made,
or is required to make, an Advance during the applicable calendar year) or the applicable Servicing Function Participants’
obligations hereunder or under the applicable sub-servicing agreement.

 

13.10     Significant
Obligor. With respect to any Companion Loan that the applicable Other Depositor has notified the Servicer in writing that
the Property constitutes a “significant obligor” (within the meaning of Item 1101(k) of Regulation AB) (a “Significant
Obligor”) with respect to an Other Securitization Trust that includes such Companion Loan, to the extent that the Servicer
is in receipt of the updated financial statements of such Significant Obligor for any calendar quarter (other than the fourth
calendar quarter of any calendar year), beginning with the first calendar quarter following receipt of notice from the Other Depositor
that such Significant Obligor with respect to such Other Securitization Trust exists, or the updated financial statements of such
Significant Obligor for any calendar year, beginning for the calendar year following such notice from the Other Depositor, as
applicable, the Servicer shall deliver to the Other Depositor and the Other Exchange Act Reporting Party of such Other Securitization
Trust, on or prior to the day that occurs two (2) Business Days prior to the related Significant Obligor NOI Quarterly Filing
Deadline or four (4) Business Days prior to the related Significant Obligor NOI Yearly Filing Deadline, as applicable, (A) if
such financial statement receipt occurs twelve (12) or more Business Days prior to the related Significant Obligor NOI Quarterly
Filing Deadline or fourteen (14) or more Business Days prior to the related Significant Obligor NOI Yearly Filing Deadline, as
applicable, such financial statements of such Significant Obligor, together with the net operating income of such Significant
Obligor for the applicable period as calculated by the Servicer in accordance with CREFC® guidelines and (B) if
such financial statement receipt occurs

 

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less
than twelve (12) Business Days prior to the related Significant Obligor NOI Quarterly Filing Deadline or less than fourteen (14)
Business Days prior to the related Significant Obligor NOI Yearly Filing Deadline, as applicable, such financial statements of
such Significant Obligor, together with the net operating income of such Significant Obligor for the applicable period as reported
by the related Mortgagor in such financial statements.

 

If
the Servicer does not receive financial information satisfactory to comply with Item 6 of Form 10-D or Item 1112(b)(1) of Form
10-K, as the case may be, of any Significant Obligor with respect to an Other Securitization Trust by the date on which such financial
information is required to be delivered under the related Mortgage Loan Documents, the Servicer (i) shall use efforts consistent
with Accepted Servicing Practice (taking into account, in addition, the ongoing reporting obligations of the related Other Depositor
under the Exchange Act) to obtain the periodic financial statements of the Borrower under the Mortgage Loan Documents, (ii) shall
(and shall cause each applicable Sub-Servicing Agreement to require any related Sub-Servicer to) retain written evidence of each
instance in which it (or a Sub-Servicer) attempts to contact the Borrower to obtain the required financial information, and (iii)
if unsuccessful, shall, no later than five (5) Business Days prior to the related Significant Obligor NOI Quarterly Filing Deadline
or the related Significant Obligor NOI Yearly Filing Deadline, as applicable, forward an Officer’s Certificate evidencing
its attempts to obtain this information to the Other Exchange Act Reporting Party and Other Depositor related to such Other Securitization
Trust.

 

13.11     Sarbanes-Oxley
Backup Certification. For so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange
Act, the Certificate Administrator, the Servicer, the Special Servicer, the Custodian, the Trustee and the Operating Advisor shall
provide (and with respect to any other Servicing Function Participant of such party, shall cause such Servicing Function Participant
to provide) to the Person who signs the Sarbanes-Oxley Certification with respect to such Other Securitization Trust (the “Certifying
Person”) no later than March 1 of the year following the year to which the Form 10-K of such Other Securitization Trust
relates or, if March 1 is not a Business Day, on the immediately following Business Day, a certification in the form attached
to this Agreement as Exhibit Z-1, Exhibit Z-2, Exhibit Z-3, Exhibit Z-4, Exhibit Z-5, Exhibit
Z-6 and Exhibit Z-7, as applicable, on which the Certifying Person, the entity for which the Certifying Person acts
as an officer, and such entity’s officers, directors and Affiliates (collectively with the Certifying Person, “Certification
Parties”) can reasonably rely. In the event any Reporting Servicer is terminated or resigns pursuant to the terms of
this Agreement, or any applicable sub-servicing agreement or primary servicing agreement, as the case may be, such Reporting Servicer
shall provide a certification to the Certifying Person pursuant to this Section 13.11 with respect to the period of time it was
subject to this Agreement or the applicable sub-servicing or primary servicing agreement, as the case may be.

 

13.12     Indemnification.
Each of the Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator, the Custodian and the Trustee
(each an “Indemnifying Party”) shall indemnify and hold harmless, the Depositor, each Certification Party,
each Other Depositor, any employee, director or officer of the Depositor or any Other Depositor, and each other person, if any,
who controls the Depositor or any Other Depositor within the meaning of either Section 15 of the Securities Act or Section 20
of the Exchange Act from and against any claims, losses, damages, penalties, fines, forfeitures, legal fees and expenses and related
costs,

 

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judgments
and other costs and expenses (including without limitation reasonable attorney’s fees and expenses related to the enforcement
of this indemnity and the costs of investigation, legal defense and any amounts paid in settlement of any claim or litigation)
incurred by such indemnified party arising out of: (i) the failure of any Indemnifying Party to perform its obligations under
this Article 13; (ii) the failure of any Servicing Function Participant or Additional Servicer retained by it (other than a Loan
Seller Sub-Servicer) to perform its obligations under this Article 13; (iii) any untrue statement of a material fact contained
in any information (x) regarding the Indemnifying Party or any Servicing Function Participant, Additional Servicer or Subcontractor
engaged by it (other than any Loan Seller Sub-Servicer), (y) prepared by any such party described in clause (x) or any registered
public accounting firm, attorney or other agent retained by such party to prepare such information and (z) delivered by or on
behalf of such Indemnifying Party in connection with the performance of such Indemnifying Party’s obligations described
in this Article 13, or the omission to state in any such information a material fact necessary to make the statements therein,
in the light of the circumstances under which they were made, not misleading; provided, that such Indemnifying Party shall be
entitled to participate at its own expense in any action arising out of the foregoing and the Depositor shall consult with such
Indemnifying Party with respect to any litigation or audit strategy, as applicable, in connection with the foregoing and any potential
settlement terms related thereto (provided that any such consultation shall be nonbinding); (iv) negligence, bad faith or willful
misconduct on the part of the Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator, the Custodian
or the Trustee, as applicable, in the performance of such obligations; or (v) any Deficient Exchange Act Deliverable with respect
to such Indemnifying Party.

 

In
addition, each of the Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator, the Custodian and
the Trustee shall cooperate (and (i) with respect to each Servicing Function Participant and Additional Servicer of such party
that is a Loan Seller Sub-Servicer, shall use commercially reasonable efforts to cause such Servicing Function Participant or
Additional Servicer to cooperate, and (ii) with respect to any other Servicing Function Participant or Additional Servicer of
such party, shall cause such Servicing Function Participant or Additional Servicer to cooperate) with the Depositor or any Other
Depositor as necessary for the Depositor or any Other Depositor to conduct any reasonable due diligence necessary to evaluate
and assess any material instances of non-compliance disclosed in any of the deliverables required by the applicable reporting
requirements under the Securities Act, the Exchange Act, the Sarbanes-Oxley Act and the rules and regulations promulgated thereunder
(“Reporting Requirements”).

 

In
connection with comments provided to the Depositor or any Other Depositor from the Commission regarding (x) information delivered
by the Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator, the Custodian, the Trustee, a Servicing
Function Participant or an Additional Servicer, as applicable (“Affected Reporting Party”), (y) information
regarding such Affected Reporting Party, and/or (z) information prepared by such Affected Reporting Party or any registered public
accounting firm, attorney or other agent retained by such party to prepare such information, which information is contained in
a report filed by the Depositor or any Other Depositor under the Reporting Requirements and which comments are received subsequent
to the Depositor’s or any Other Depositor’s filing of such report, the Depositor or any Other Depositor shall promptly
provide to such Affected Reporting Party any such comments which relate to such Affected Reporting Party. Such Affected Reporting
Party shall be

 

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responsible
for timely preparing a written response to the Commission for inclusion in the Depositor’s or any Other Depositor’s
response to the Commission, unless such Affected Reporting Party elects, with the consent of the Depositor or any Other Depositor,
as applicable (which consent shall not be unreasonably denied, withheld or delayed), to directly communicate with the Commission
and negotiate a response and/or resolution with the Commission; provided, if an Affected Reporting Party is a Servicing
Function Participant or Additional Servicer retained by the Servicer, the Servicer shall receive copies of all material communications
pursuant to this paragraph. If such election is made, the applicable Affected Reporting Party shall be responsible for directly
negotiating such response and/or resolution with the Commission in a timely manner; provided, that (i) such Affected Reporting
Party shall use reasonable efforts to keep the Depositor or any Other Depositor informed of its progress with the Commission and
copy the Depositor or any Other Depositor on all correspondence with the Commission and provide the Depositor or any Other Depositor
with the opportunity to participate (at the Depositor’s or Other Depositor’s expense) in any telephone conferences
and meetings with the Commission and (ii) the Depositor or any Other Depositor shall cooperate with such Affected Reporting Party
in order to authorize such Affected Reporting Party and its representatives to respond to and negotiate directly with the Commission
with respect to any comments from the Commission relating to such Affected Reporting Party and to notify the Commission of such
authorization. The Depositor (or any Other Depositor) and the applicable Affected Reporting Party shall cooperate and coordinate
with one another with respect to any requests made to the Commission for extension of time for submitting a response or compliance.
All respective reasonable out-of-pocket costs and expenses incurred by the Depositor or any Other Depositor (including reasonable
legal fees and expenses of outside counsel to the Depositor or any Other Depositor, as the case may be) in connection with the
foregoing (other than those costs and expenses required to be at the Depositor’s or any Other Depositor’s expense
as set forth above) and any amendments to any reports filed with the Commission related to the foregoing shall be promptly paid
by the applicable Affected Reporting Party upon receipt of an itemized invoice from the Depositor or any Other Depositor, as the
case may be. Each of the Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator, the Custodian and
the Trustee shall use commercially reasonable efforts to cause any Servicing Function Participant or Additional Servicer retained
by it to comply with the foregoing by inclusion of similar provisions (or by inclusion of a reference to, and an obligation to
comply with, this paragraph) in the related sub-servicing or similar agreement.

 

The
Servicer, the Special Servicer, the Operating Advisor, the Custodian, the Trustee and the Certificate Administrator shall cause
each Servicing Function Participant of such party that is not a Loan Seller Sub-Servicer (and with respect to any Servicing Function
Participant of such party that is a Loan Seller Sub-Servicer, shall use commercially reasonable efforts to cause such Servicing
Function Participant) to indemnify and hold harmless each Certification Party, the Depositor, each Other Depositor, any employee,
director or officer of the Depositor or any Other Depositor, and each other person, if any, who controls the Depositor or any
Other Depositor within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act from and against
any and all claims, losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments and any
other costs, fees and expenses (including without limitation reasonable attorney’s fees and expenses related to the enforcement
of this indemnity and the costs of investigation, legal defense and any amounts paid in settlement of any claim or litigation)
incurred by such indemnified party arising out of (i) a breach of its obligations to provide any of the annual compliance statements
or annual servicing criteria compliance reports or attestation

 

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reports
pursuant to the applicable sub-servicing or primary servicing agreement, (ii) negligence, bad faith or willful misconduct on its
part in the performance of such obligations, (iii) other than in the case of the Operating Advisor, any failure by a Servicing
Party (as defined in Section 13.2(b) to identify a Servicing Function Participant pursuant to Section 13.8(c), or
(iv) any Deficient Exchange Act Deliverable with respect to such Servicing Function Participant.

 

If
the indemnification provided for in, or contemplated by, any of the preceding paragraphs of this Section 10.12 is unavailable
or insufficient to hold harmless any Certification Party, the Depositor, any Other Depositor, any employee, director or officer
of the Depositor or any Other Depositor, or any other person who controls the Depositor or any Other Depositor within the meaning
of either Section 15 of the Securities Act or Section 20 of the Exchange Act, then the Servicer, the Special Servicer, the Operating
Advisor, the Certificate Administrator, the Trustee, the Additional Servicer or other Servicing Function Participant (the “Performing
Party”) shall contribute to the amount paid or payable to the indemnified party as a result of the losses, claims, damages
or liabilities of the indemnified party in such proportion as is appropriate to reflect the relative fault of the indemnified
party on the one hand and the Performing Party on the other in connection with a breach of the Performing Party’s obligations
pursuant to this Article 13 (or breach of its obligations under the applicable sub-servicing or primary servicing agreement
to provide any of the annual compliance statements or annual servicing criteria compliance reports or attestation reports) or
the Performing Party’s negligence, bad faith or willful misconduct in connection therewith. The Servicer, the Special Servicer,
the Operating Advisor, the Trustee and the Certificate Administrator shall cause each Servicing Function Participant of such party
that is not a Loan Seller Sub-Servicer (and with respect to any Servicing Function Participant of such party that is a Loan Seller
Sub-Servicer, shall use commercially reasonable efforts to cause such Servicing Function Participant) to agree to the foregoing
indemnification and contribution obligations. This Section 13.12 shall survive the termination of this Agreement or the earlier
resignation or removal of the Servicer, the Special Servicer, the Operating Advisor, the Trustee or the Certificate Administrator.

 

13.13     Amendments.
This Article 13 may be amended by the parties hereto pursuant to Section 10.1 of this Agreement for purposes of complying with
Regulation AB, the Act or the Exchange Act and/or to conform to standards developed within the commercial mortgage-backed securities
market and the Sarbanes-Oxley Act without any Opinions of Counsel, Officer’s Certificates, Rating Agency Confirmations or
the consent of any Certificateholder, notwithstanding anything to the contrary contained in this Agreement.

 

13.14     Termination
of the Certificate Administrator. Notwithstanding anything to the contrary contained in this Agreement, the Depositor or any
Other Depositor may terminate the Certificate Administrator upon five (5) Business Days’ notice if the Certificate Administrator
fails to comply with any of its obligations under this Article 13 provided that such termination shall not be effective until
a successor Certificate Administrator shall have accepted the appointment.

 

13.15     [Reserved].

 

13.16     Termination
of Sub-Servicing Agreements. For so long as any Other Securitization Trust is subject to the reporting requirements of the
Exchange Act, each of the Servicer, the Special Servicer, the Custodian, the Certificate Administrator and the Trustee, as

 

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applicable,
shall (i) cause each Sub-Servicing Agreement (with respect to the Servicer or the Special Servicer) or sub-servicing agreement
(with respect to any other Servicer) to which it is a party to entitle the Depositor to terminate such agreement (without compensation,
termination fee or the consent of any other Person) at any time following any failure of the applicable Sub-Servicer or sub-servicer,
as applicable, to deliver any Exchange Act reporting items that such Sub-Servicer or sub-servicer, as applicable, is required
to deliver under Regulation AB or as otherwise contemplated by this Article 13 and (ii) promptly notify the Depositor following
any failure of the applicable Sub-Servicer or sub-servicer, as applicable, to deliver any Exchange Act reporting items that such
Sub-Servicer or sub-servicer, as applicable, is required to deliver under Regulation AB or as otherwise contemplated by this Article
13. The Depositor is hereby authorized to exercise the rights described in clause (i) of the preceding sentence in its sole discretion.
The rights of the Depositor to terminate a Sub-Servicing Agreement (with respect to the Servicer or the Special Servicer) or sub-servicing
agreement (with respect to any other Servicer) as aforesaid shall not limit any right Servicer, the Special Servicer, the Custodian,
the Certificate Administrator or the Trustee, as applicable, may have to terminate such Sub-Servicing Agreement or sub-servicing
agreement, as applicable.

 

13.17     Notification
Requirements and Deliveries in Connection With Securitization of a Companion Loan. (a) Any other provision of this Article 13 to the contrary notwithstanding, including, without limitation, any deadlines
for delivery set forth in this Article 13, in connection with the requirements contained in this Article 13 that
provide for the delivery of information and other items to, and the cooperation with, the Other Depositor and Other Exchange Act
Reporting Party of any Other Securitization Trust that includes a Companion Loan, no party hereunder shall be obligated to provide
any such items to or cooperate with such Other Depositor or Other Exchange Act Reporting Party until the Other Depositor or Other
Exchange Act Reporting Party of such Other Securitization Trust has provided each party hereto with not less than 30 days written
notice (or, in each case, such shorter period as required for such Other Depositor or Other Exchange Act Reporting Party to comply
with related filing obligations, provided that (i) such Other Depositor or Other Exchange Act Reporting Party, as applicable,
has provided written notice as soon as reasonably practicable and, concurrently with such written notice, obtained verbal confirmation
of receipt of such written notice, in each case, in accordance with Section 11.04 of this Agreement and (ii) such period shall
not be less than 3 Business Days) (which shall only be required to be delivered once), (i) setting forth the contact information
for such Person(s) and, except as regards the deliveries and cooperation contemplated by Section 13.7, Section 13.8
and Section 13.9 of this Agreement, stating that such Other Securitization Trust is subject to the reporting requirements
of the Exchange Act, and (ii) specifying in reasonable detail the information and other items not otherwise specified in this
Agreement that are requested to be delivered; provided that if Exchange Act reporting is being requested, such Other Depositor
or Other Exchange Act Reporting Party is only required to provide a single written notice to such effect; provided further,
that this notice requirement does not apply to any Companion Loan that is included in any Other Securitization Trust as of the
Closing Date. Any reasonable cost and expense of the Servicer, Special Servicer, Operating Advisor, Custodian, Trustee and Certificate
Administrator in cooperating with such Other Depositor or Other Exchange Act Reporting Party of such Other Securitization Trust
(above and beyond their expressed duties hereunder) shall be the responsibility of such Other Depositor or Other Securitization
Trust. The parties hereto shall have the right to confirm in good faith with the Other Depositor of such Other Securitization
Trust as to whether applicable law requires the delivery of the items identified in this Article 13 to such

 

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Other
Depositor and Other Exchange Act Reporting Party of such Other Securitization Trust prior to providing any of the reports or other
information required to be delivered under this Article 13 in connection therewith and (i) upon such confirmation, the
parties shall comply with the deadlines for delivery set forth in this Article 13 with respect to such Other Securitization
Trust or (ii) in the absence of such confirmation, the parties shall not be required to deliver such items; provided that
no such confirmation will be required in connection with any delivery of the items contemplated by Section 13.7, Section
13.8 and Section 13.9 of this Agreement. Such confirmation shall be deemed given if the Other Depositor or Other Exchange
Act Reporting Party for the Other Securitization Trust provides a written statement to the effect that the Other Securitization
Trust is subject to the reporting requirements of the Exchange Act and the appropriate party hereto receives such written statement.
The parties hereunder shall also have the right to require that such Other Depositor provide them with the contact details of
such Other Depositor, Other Exchange Act Reporting Party and any other parties to the Other Pooling and Servicing Agreement relating
to such Other Securitization Trust.

 

(b)         Each
of the Servicer, the Special Servicer, the Certificate Administrator and the Trustee shall, upon reasonable prior written request
given in accordance with the terms of Section 13.17(a) above, and subject to a right of the Servicer, Special Servicer,
the Certificate Administrator or Trustee, as the case may be, to review and approve such disclosure materials, permit a holder
of a Companion Loan to use such party’s description contained in the Offering Circular (updated as appropriate by the Servicer,
the Special Servicer, Certificate Administrator or Trustee, as applicable, at the reasonable cost of the Other Depositor or the
holder of such Companion Loan) for inclusion in the disclosure materials relating to any securitization of a Companion Loan.

 

(c)         The
Servicer, the Special Servicer, the Certificate Administrator and the Trustee, upon reasonable prior written request given in
accordance with the terms of Section 13.17(a) above, shall each timely provide (to the extent the reasonable cost thereof is paid
or caused to be paid by the Other Depositor or the holder of the related Companion Loan) to the Other Depositor and any underwriters
with respect to any securitization transaction that includes a Companion Loan such opinion(s) of counsel, certifications and/or
indemnification agreement(s) with respect to the updated description referred to in Section 13.17(b) with respect to such
party, substantially identical to those, if any, delivered by the Servicer, the Special Servicer, the Trustee or the Certificate
Administrator, as the case may be, or their respective counsel, in connection with the information concerning such party in the
Offering Circular and/or any other disclosure materials relating to this Trust (updated as deemed appropriate by the Servicer,
the Special Servicer, the Trustee or the Certificate Administrator, or their respective legal counsel, as the case may be). None
of the Servicer, the Special Servicer, the Trustee or the Certificate Administrator shall be obligated to deliver any such item
with respect to the securitization of a Companion Loan if it did not deliver a corresponding item with respect to this Trust.

 

(d)         Each
of the Servicer, the Special Servicer, the Trustee and the Certificate Administrator, upon reasonable prior written request given
in accordance with the terms of Section 13.17(a) above, shall provide (to the extent the reasonable cost thereof is paid
or caused to be paid by the applicable party set forth below in this Section 13.17(d)) to the Other Depositor and the trustee
under the Other Pooling and Servicing Agreement related to any Other Securitization Trust the following: (i) any information (including,
but not limited to, disclosure information) required

 

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for
such Other Securitization Trust to comply in a timely manner with applicable filing requirements under Items 1.01 and 6.02 of
Form 8-K and (ii) such opinion(s) of counsel, certifications and/or indemnification agreement(s) with respect to such information
that are substantially similar to those delivered by the Servicer, the Special Servicer, the Trustee or the Certificate Administrator,
as the case may be, or their respective counsel, in connection with the information concerning such party in the Offering Circular
and/or any other disclosure materials relating to this Trust.

 

(e)         In
the case of a Form 8-K that is filed by or on behalf of an Other Securitization Trust in connection with the closing of this Series
2022-26BW securitization transaction, the reasonable cost of the information, opinion(s) of counsel, certifications and indemnification
agreement(s) provided by or on behalf of the Servicer, the Special Servicer, the Custodian, the Certificate Administrator or the
Trustee, as the case may be, pursuant to this Section 13.17(e) shall be paid or caused to be paid by the related Other
Depositor or the applicable Companion Loan Holder that transferred the related Companion Loan to the related Other Depositor for
inclusion in such Other Securitization Trust.

 

In
the case of a Form 8-K that is filed by or on behalf of an Other Securitization Trust as a result of the termination, removal,
resignation or any other replacement of the Servicer, the Special Servicer, the Trustee or the Certificate Administrator under
this Agreement, the reasonable cost of the information, opinion(s) of counsel, certifications and indemnification agreement(s)
provided by or on behalf of the Servicer, the Special Servicer, the Certificate Administrator or the Trustee, as the case may
be, pursuant to this Section 13.17(e) shall be paid or caused to be paid by the same party or parties required to pay the
costs and expenses relating to such termination, removal, resignation or other replacement pursuant to this Agreement.

 

[SIGNATURE
PAGE FOLLOWS]

 

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IN
WITNESS WHEREOF, the parties hereto have caused their names to be signed hereto by their respective officers thereunto duly authorized
as of the day and year first above written.

 

	 	BMO COMMERCIAL MORTGAGE 
 SECURITIES LLC, as Depositor
	 	 	 
	 	By:	/s/ Michael Birajiclian
	 	 	Name: Michael Birajiclian
	 	 	Title:
  Authorized Signatory
	 	 	 
	 	KEYBANK NATIONAL ASSOCIATION, as 
 Servicer
	 	 	 
	 	By:	 /s/
Michael A. Tilden
	 	 	Name: Michael A. Tilden
	 	 	Title:
  Vice President
	 	 	 
	 	KEYBANK NATIONAL ASSOCIATION, as 
 Special Servicer
	 	 	 
	 	By:	 /s/ Michael A. Tilden
	 	 	Name: Michael A. Tilden
	 	 	Title:   Vice President
	 	 	 
	 	WILMINGTON TRUST, NATIONAL 
 ASSOCIATION, as Trustee
	 	 	 
	 	By:	 /s/
Jacob Stapleford
	 	 	Name:  Jacob Stapleford
	 	 	Title:    Banking Officer
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, 
 NATIONAL ASSOCIATION, as Certificate 
 Administrator
	 	 	 
	 	By:	 /s/
Anna M. Lopez
	 	 	Name:
Anna M. Lopez
	 	 	Title:   Vice President
	 	 	 
	 	PENTALPHA SURVEILLANCE LLC, as 
 Operating Advisor
	 	 	 
	 	By:	 /s/
James Callahan
	 	 	Name: James Callahan
	 	 	Title:    Executive Director and Solely as an 

             Authorized Signatory for 

             Pentalpha Surveillance LLC

  

BWAY
Commercial Mortgage Trust 2022 - 26BW - Trust and Servicing Agreement 

    

     

    

EXHIBIT
A-1

 

FORM OF CLASS A CERTIFICATES

 

CLASS A

 

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”). NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED,
EXCEPT AS PERMITTED UNDER THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.

 

NO BENEFICIAL OWNERS OF THIS TEMPORARY
REGULATION S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS
HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE TRUST AND SERVICING AGREEMENT.]1

 

[UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE
REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR
TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

 

[TRANSFERS OF THIS GLOBAL CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]3

 

THIS CERTIFICATE DOES NOT REPRESENT
ANY INTEREST IN OR OBLIGATION OF THE DEPOSITOR, ANY INITIAL PURCHASER, THE LOAN SELLERS, THE ORIGINATORS, THE SERVICER, THE SPECIAL
SERVICER, THE TRUSTEE, THE CERTIFICATE ADMINISTRATOR, THE OPERATING ADVISOR, THE BORROWER,

 

 

 

		1	Temporary
Regulation S Global Certificate legend.

 

		2	Legend
required as long as DTC is the Depository under the Trust and Servicing Agreement.

 

		3	Global
Certificate legend.

 

    Exhibit A-1-1

     

    

 

THE BORROWER SPONSOR OR ANY OF THEIR
RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN IS INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY
OR INSTRUMENTALITY, PRIVATE INSURER OR BY ANY OTHER PERSON.

 

PRINCIPAL PAYMENTS IN RESPECT OF THIS
CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW. ACCORDINGLY, THE OUTSTANDING
CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO
A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A
“QUALIFIED INSTITUTIONAL BUYER”), THAT IS PURCHASING FOR ITS OWN ACCOUNT OR IS PURCHASING FOR THE ACCOUNT OF
ANOTHER QUALIFIED INSTITUTIONAL BUYER, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS
BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTIONAL INVESTOR THAT IS A NON-“U.S. PERSON” IN AN “OFFSHORE
TRANSACTION” AS SUCH TERMS ARE DEFINED IN, AND IN ACCORDANCE WITH, RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES
ACT, OR (3) TO ANOTHER INSTITUTIONAL INVESTOR THAT IS, OR IN WHICH EACH OF THE EQUITY OWNERS IS AN “ACCREDITED INVESTOR”
WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT THAT IS NOT A QUALIFIED INSTITUTIONAL
BUYER, AND (B) IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE FEDERAL SECURITIES LAWS AND ANY APPLICABLE SECURITIES LAWS OF ANY
STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS CERTIFICATE MAY NOT BE PURCHASED
BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT
TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN (AS
DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS, TO A MATERIAL EXTENT,
SIMILAR TO SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF
OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE, UNLESS (A) SUCH PERSON IS AN INSTITUTIONAL “ACCREDITED

 

    Exhibit A-1-2

     

    

 

INVESTOR” AS DEFINED IN RULE 501(a)(1) OF REGULATION D OF THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT
OF 1933, AND (B) THE ACQUISITION, HOLDING AND DISPOSITION OF THIS CERTIFICATE BY SUCH PERSON WILL NOT CONSTITUTE OR OTHERWISE RESULT
IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER ERISA OR SECTION 4975 OF THE CODE (OR A NON-EXEMPT VIOLATION OF SIMILAR LAW).

 

TRANSFERS OF THIS CERTIFICATE OR ANY
INTEREST HEREIN ARE SUBJECT TO SUCH RESTRICTIONS, AND TO THE DELIVERY BY THE TRANSFEROR AND/OR THE TRANSFEREE OF SUCH OPINIONS,
CERTIFICATIONS AND/OR OTHER EVIDENCE OF COMPLIANCE WITH APPLICABLE LAW, AS ARE SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED
TO BELOW.

 

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE CODE.

 

    Exhibit A-1-3

     

    

 

BWAY COMMERCIAL MORTGAGE
TRUST 2022-26BW

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-26BW, CLASS A

 

	Pass-Through Rate:  3.40200% per annum	 	 
	 	 	 
	First Distribution Date:  March 11, 2022	 	 
	 	 	 
	Aggregate Initial Certificate Balance of the Class A Certificates:  $39,960,000	 	Rated Final Distribution Date:

February 2044
	 	 	 
	CUSIP:  12429EAA5

ISIN:  US12429EAA551	 	Initial Certificate Balance of this

Certificate:  $[_________]
	 	 	 
	
        CUSIP: U1225DAA3

ISIN: USU1225DAA38 

        Common Code: 2447576262

         

        CUSIP: 12429EAB3

        ISIN: US12429EAB393

        No.: A-[ ]

         
	 	 

This certifies that [Cede
& Co.][_________] is the registered owner of the Percentage Interest evidenced by this Certificate in the distributions to
be made from a Trust Fund with respect to the Class A Certificates. The Trust Fund consists primarily of multiple promissory notes
evidencing a fixed rate interest-only commercial mortgage loan (the “Trust Loan”) that is secured by certain
Collateral held in trust by the Trustee (or the Custodian on its behalf). The Collateral also secures the Companion Loans which
are not assets of the Trust Fund. The Trust Loan and the Companion Loans are collectively referred to as the “Mortgage
Loan”. The Trust Fund was created, and the Mortgage Loan is to be serviced, pursuant to the Trust and Servicing Agreement
(as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents to the terms, provisions and conditions
of the Trust and Servicing Agreement and is bound thereby. Also issued under the Trust and Servicing Agreement are the Class X,
Class B, Class C, Class D, Class E, Class F, Class G, Class HRR and Class R Certificates (collectively, with the Class A
Certificates, the “Certificates”; the Holders of Certificates issued under the Trust and Servicing Agreement
are collectively referred to herein as “Certificateholders”).

 

This Certificate is issued
pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement, dated as of February 6, 2022 (the “Trust
and Servicing Agreement”), by and among BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association,
as Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee, Computershare Trust Company, National
Association, as Certificate Administrator, and

 

 

 

		1	For
Certificate sold in reliance on Rule 144A only.

 

		2	For
Regulation S Global Certificate only.

 

		3	For
IAI Certificate only.

 

    Exhibit A-1-4

     

    

 

Pentalpha Surveillance LLC, as Operating Advisor. To the extent not defined herein,
capitalized terms used herein shall have the respective meanings assigned thereto in the Trust and Servicing Agreement.

 

Pursuant to the terms
of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 4th Business Day following each Determination
Date, commencing in March 2022 (each such date, a “Distribution Date”), to the Person in whose name this Certificate
is registered as of the close of business on the related Record Date, which will be the last Business Day of the calendar month
immediately preceding the calendar month in which such Distribution Date occurs (provided that, in the event the Closing Date occurs
in the same month as the first Distribution Date, the first Record Date shall be the Closing Date), an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount
of principal and interest and any Yield Maintenance Premium then distributable, if any, with respect to the Class A Certificates
for such Distribution Date, all as more fully described in the Trust and Servicing Agreement. With respect to each Distribution
Date, the Determination Date is the 6th day of the calendar month in which such Distribution Date occurs, but if such 6th day is
not a Business Day, the immediately succeeding Business Day, commencing in March 2022.

 

All distributions will
be made to the Persons entitled thereto by wire transfer of immediately available funds to the account of such Certificateholder
at a bank or other entity located in the United States and having appropriate facilities therefor provided that the Certificate
Administrator has received appropriate wire transfer instructions therefrom, or by check by first class mail to the address set
forth therefor in the Certificate Register if wiring instructions have not been received at least five Business Days prior to the
applicable Distribution Date. Notwithstanding the foregoing, the final distribution on each Certificate shall be made in like manner,
but only upon presentment and surrender of such Certificate at the location that is specified in the notice to Certificateholders
of such final distribution.

 

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Notes, as more specifically set
forth herein and in the Trust and Servicing Agreement.

 

This Certificate does
not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing Agreement for the
interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities
of the Trustee and the Certificate Administrator.

 

In the event of a conflict
or inconsistency between the terms of this Certificate and the Trust and Servicing Agreement, the terms and conditions of the Trust
and Servicing Agreement shall govern.

 

As provided in the Trust
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer
of any Certificate, the Certificate Registrar shall execute, authenticate and deliver, in the name of the designated transferee
or transferees, one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

 

    Exhibit A-1-5

     

    

 

Prior to due presentation
of this Certificate for registration of transfer, the Servicer, the Special Servicer, the Trustee, the Certificate Administrator,
the Operating Advisor, the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator, the Operating Advisor,
the Servicer, the Special Servicer or the Certificate Registrar may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Trust and Servicing Agreement and
for all other purposes whatsoever, and none of the Servicer, the Special Servicer, the Trustee, the Certificate Administrator,
the Operating Advisor, the Certificate Registrar, or any agent of the Servicer, the Special Servicer, the Trustee, the Certificate
Administrator, the Operating Advisor or the Certificate Registrar shall be affected by any notice to the contrary.

 

The Trust and Servicing
Agreement may be amended from time to time by the Depositor, the Servicer, the Special Servicer, the Trustee, the Certificate Administrator
and the Operating Advisor, without the consent of any of the Certificateholders, in certain circumstances specified in the Trust
and Servicing Agreement. The Trust and Servicing Agreement may also be amended from time to time by the Depositor, the Servicer,
the Special Servicer, the Trustee, the Certificate Administrator and the Operating Advisor with the written consent of the Holders
of Certificates representing not less than 51% of the Percentage Interests of each Class of Certificates adversely affected by
the amendment (as evidenced by an Opinion of Counsel) for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Trust and Servicing Agreement or of modifying in any manner the rights of the Certificateholders;
provided, however, no such amendment shall (i) reduce in any manner the amount of, or delay the timing of, payments
received on the Mortgage Loan which are required to be distributed on any Certificate or to any Companion Loan Holder, (ii) alter
in any manner the liens on any Collateral securing payments on the Mortgage Loan; (iii) alter the obligations of the Servicer
or the Trustee to make an Advance or alter the Accepted Servicing Practices set forth in the Trust and Servicing Agreement, (iv) change
the percentages of Voting Rights or Percentage Interests of Certificateholders which are required to consent to any action or inaction
under the Trust and Servicing Agreement; (v) change in any manner the obligations or rights of the Loan Seller under the Trust
and Servicing Agreement or the Trust Loan Purchase Agreement without the consent of the Loan Seller; (vi) amend Section
11.1 of the Trust and Servicing Agreement; (vii) change in any manner the obligations or rights of any Initial Purchaser
without the consent of the affected Initial Purchaser; or (viii) adversely affect any Companion Loan Holder in its capacity as
such without its consent. In addition, the Trust and Servicing Agreement provides that (i) neither the Trustee nor the Certificate
Administrator shall consent to any amendment to the Trust and Servicing Agreement unless it shall have first been furnished with
an Opinion of Counsel to the effect that such amendment is authorized or permitted under the Trust and Servicing Agreement and
all conditions precedent to such amendment have been satisfied and (ii) no amendment shall be made to the Trust and Servicing
Agreement without the Trustee and the Certificate Administrator first receiving in writing an Opinion of Counsel (at the expense
of the party requesting the amendment) that the amendment will not result in the imposition of federal income tax on the Trust
or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC.

 

The Trust and Servicing
Agreement provides that the respective obligations and responsibilities of the Depositor, the Servicer, the Special Servicer, the
Trustee, the Certificate Administrator and the Operating Advisor created thereby (other than (x) the obligation to make

 

    Exhibit A-1-6

     

    

 

certain
remittances to the Companion Loan Holder(s) to the extent of any remaining funds and in accordance with the Co-Lender Agreement,
(y) the obligation of the Certificate Administrator to make certain payments to Certificateholders after the final Distribution
Date and to comply with all federal income tax reporting requirements and maintenance of books and records, and (z) the indemnification
rights and obligations of the parties thereto) shall terminate upon the last action required to be taken by the Certificate Administrator
on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement upon the later of (i) the final
payment on the Certificates and the Uncertificated Lower-Tier Interests or (ii) the liquidation of the Trust Loan (including,
without limitation, in connection with the sale of the Trust Loan pursuant to the Mezzanine Intercreditor Agreement or the Trust
and Servicing Agreement, as applicable) or the liquidation or abandonment of the Property and all other Collateral for the Trust
Loan, provided, however, that in no event shall the trust created by the Trust and Servicing Agreement continue beyond
the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Trust and Servicing Agreement.

 

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating
Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing Agreement or be
valid for any purpose.

 

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates
or the Mortgage Loan and has executed this Certificate in its limited capacity as Certificate Administrator under the Trust and
Servicing Agreement.

 

    Exhibit A-1-7

     

    

 

IN WITNESS WHEREOF, the
Certificate Administrator has caused this Certificate to be duly executed.

 

Dated: February 16, 2022

 

	 	COMPUTERSHARE
               TRUST COMPANY, 
 NATIONAL
               ASSOCIATION, 
 not in its individual capacity but solely as 
 Certificate Administrator
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

Certificate of Authentication

 

This is one of the Class
A Certificates referred to in the Trust and Servicing Agreement.

 

Dated: February 16, 2022

 

	 	COMPUTERSHARE
                                         TRUST COMPANY, 

                                         NATIONAL ASSOCIATION, 

                                         not in its individual capacity but solely as 
 Authenticating Agent
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

    Exhibit A-1-8

     

    

 

SCHEDULE A

 

SCHEDULE OF EXCHANGES

 

The following payments of principal and
exchanges of a part of this [Rule 144A Global Certificate] [Temporary Regulation S Global Certificate] [Regulation S Global Certificate]
have been made:

 

	Date
of 

Exchange or 

Payment of 

Principal 
	 	Certificate

Balance 

Prior to 

Exchange or 

Payment 
	 	Certificate

Balance 

Exchanged 

or Principal 

Payment 

Made 
	 	Type
of 

Certificate 

Exchanged 

for 
	 	Remaining

Certificate 

Balance 

Following 

Such

Exchange or 

Payment 
	 	Notation

Made by 
	 
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-

 

    Exhibit A-1-9

     

    

 

ASSIGNMENT

 

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.

 

I (we) further direct
the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the within Certificate to
the above-named Assignee(s) and to deliver such Certificate to the following address:

 

________________________________

 

________________________________

 

________________________________

 

Date: __________________

 

		Signature
by or on behalf of
 Assignor(s):	 
	 	 	 
	 	 	 
	 	 	 
	 	Taxpayer Identification Number: _________

 

    Exhibit A-1-10

     

    

 

DISTRIBUTION INSTRUCTIONS

 

The Assignee(s) should
include the following for purposes of distribution:

 

Address of the Assignee(s) for the purpose
of receiving notices and distributions:

_____________________________________________________________________.

 

Distributions, if being
made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.

 

This information is provided
by _______________________________________ the Assignee(s) named above, or ________________________________________________ as
its (their) agent.

 

	 	By:	 
	 	 	[Please print or type
                              name(s)]

 

		Title:	

 

		Taxpayer
Identification Number:

  

    Exhibit A-1-11

     

    

 

EXHIBIT
A-2

 

FORM OF CLASS X CERTIFICATES

 

CLASS X

 

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”). NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED,
EXCEPT AS PERMITTED UNDER THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.

 

NO BENEFICIAL OWNERS OF THIS TEMPORARY
REGULATION S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS
HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE TRUST AND SERVICING AGREEMENT.]1

 

[UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE
REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR
TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

 

[TRANSFERS OF THIS GLOBAL CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]3

 

THIS CERTIFICATE DOES NOT REPRESENT
ANY INTEREST IN OR OBLIGATION OF THE DEPOSITOR, ANY INITIAL PURCHASER, THE LOAN SELLERS, THE ORIGINATORS, THE SERVICER, THE SPECIAL
SERVICER, THE TRUSTEE, THE CERTIFICATE ADMINISTRATOR, THE OPERATING ADVISOR, THE BORROWER,

 

 

 

		1	Temporary
Regulation S Global Certificate legend.

 

		2	Legend
required as long as DTC is the Depository under the Trust and Servicing Agreement.

 

		3	Global
Certificate legend.

 

    Exhibit A-2-1

     

    

 

THE BORROWER SPONSOR OR ANY OF THEIR
RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN IS INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY
OR INSTRUMENTALITY, PRIVATE INSURER OR BY ANY OTHER PERSON. 

 

THE NOTIONAL AMOUNT OF THIS CERTIFICATE
WILL BE REDUCED AS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW. ACCORDINGLY, THE NOTIONAL AMOUNT OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL AMOUNT SET FORTH BELOW. 

 

THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO
A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A
“QUALIFIED INSTITUTIONAL BUYER”), THAT IS PURCHASING FOR ITS OWN ACCOUNT OR IS PURCHASING FOR THE ACCOUNT OF
ANOTHER QUALIFIED INSTITUTIONAL BUYER, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS
BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTIONAL INVESTOR THAT IS A NON-“U.S. PERSON” IN AN “OFFSHORE
TRANSACTION” AS SUCH TERMS ARE DEFINED IN, AND IN ACCORDANCE WITH, RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES
ACT, OR (3) TO ANOTHER INSTITUTIONAL INVESTOR THAT IS, OR IN WHICH EACH OF THE EQUITY OWNERS IS AN “ACCREDITED INVESTOR”
WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT that
is not a qualified institutional buyer, AND (B) IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE FEDERAL SECURITIES LAWS AND
ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS CERTIFICATE MAY NOT BE PURCHASED
BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT
TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN (AS
DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS, TO A MATERIAL EXTENT,
SIMILAR TO SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF
OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE, UNLESS (A) SUCH PERSON IS AN INSTITUTIONAL “ACCREDITED
INVESTOR” AS DEFINED IN RULE 501(a)(1) OF REGULATION D OF THE

 

    Exhibit A-2-2

     

    

 

SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT
OF 1933, AND (B) THE ACQUISITION, HOLDING AND DISPOSITION OF THIS CERTIFICATE BY SUCH PERSON WILL NOT CONSTITUTE OR OTHERWISE RESULT
IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER ERISA OR SECTION 4975 OF THE CODE (OR A NON-EXEMPT VIOLATION OF SIMILAR LAW).

 

TRANSFERS OF THIS CERTIFICATE OR ANY
INTEREST HEREIN ARE SUBJECT TO SUCH RESTRICTIONS, AND TO THE DELIVERY BY THE TRANSFEROR AND/OR THE TRANSFEREE OF SUCH OPINIONS,
CERTIFICATIONS AND/OR OTHER EVIDENCE OF COMPLIANCE WITH APPLICABLE LAW, AS ARE SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED
TO BELOW.

 

THIS CLASS X CERTIFICATE
WILL NOT BE ENTITLED TO RECEIVE DISTRIBUTIONS OF PRINCIPAL.

 

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE CODE.

 

    Exhibit A-2-3

     

    

 

BWAY COMMERCIAL MORTGAGE
TRUST 2022-26BW

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-26BW, CLASS X

 

	Pass-Through Rate: Variable IO1  	 	 
	 	 	 
	First Distribution Date:  March 11, 2022	 	 
	 	 	 
	Aggregate Initial Notional Amount of the Class X Certificates:  $92,600,000	 	Rated Final Distribution Date:

February 2044
	 	 	 
	CUSIP:  12429EAC1

ISIN:  US12429EAC12 2	 	Initial Notional Amount of this

Certificate:  $[_________]
	 	 	 
	
        CUSIP: U1225DAB1

ISIN: USU1225DAB11 

        Common Code: 2448037333

         

        CUSIP: 12429EAD9

        ISIN: US12429EAD944

        No.: X-[ ]

         
	 	 

This certifies that [Cede
& Co.][_________] is the registered owner of the Percentage Interest evidenced by this Certificate in the distributions to
be made from a Trust Fund with respect to the Class X Certificates. The Trust Fund consists primarily of multiple promissory notes
evidencing a fixed rate interest-only commercial mortgage loan (the “Trust Loan”) that is secured by certain
Collateral held in trust by the Trustee (or the Custodian on its behalf). The Collateral also secures the Companion Loans which
are not assets of the Trust Fund. The Trust Loan and the Companion Loans are collectively referred to as the “Mortgage
Loan”. The Trust Fund was created, and the Mortgage Loan is to be serviced, pursuant to the Trust and Servicing Agreement
(as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents to the terms, provisions and conditions
of the Trust and Servicing Agreement and is bound thereby. Also issued under the Trust and Servicing Agreement are the Class A,
Class B, Class C, Class D, Class E, Class F, Class G, Class HRR and Class R Certificates (collectively, with the Class X Certificates,
the “Certificates”; the Holders of Certificates issued under the Trust and Servicing Agreement are collectively
referred to herein as “Certificateholders”).

 

 

 

1
     For any Distribution Date, a per annum rate equal to the weighted average of the Class X Strip Rates for the Class LA, Class
LB, Class LC and Class LD Uncertificated Interests (weighted on the basis of their respective Lower-Tier Principal Amounts, in
each case, immediately prior to such Distribution Date). The initial approximate Pass-Through Rate as of the Closing Date is 0.76344%
per annum.

 

2
     
For Certificate sold in reliance on Rule 144A only.

 

3
     
For Regulation S Global Certificate only.

 

4
     For IAI Certificate only.

 

    Exhibit A-2-4

     

    

 

This Certificate is issued
pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement, dated as of February 6, 2022 (the “Trust
and Servicing Agreement”), by and among BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association,
as Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee, Computershare Trust Company, National
Association, as Certificate Administrator, and Pentalpha Surveillance LLC, as Operating Advisor. To the extent not defined herein,
capitalized terms used herein shall have the respective meanings assigned thereto in the Trust and Servicing Agreement.

 

Pursuant to the terms
of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 4th Business Day following each Determination
Date, commencing in March 2022 (each such date, a “Distribution Date”), to the Person in whose name this Certificate
is registered as of the close of business on the related Record Date, which will be the last Business Day of the calendar month
immediately preceding the calendar month in which such Distribution Date occurs (provided that, in the event the Closing Date occurs
in the same month as the first Distribution Date, the first Record Date shall be the Closing Date), an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount
of interest and any Yield Maintenance Premium then distributable, if any, with respect to the Class X Certificates for such Distribution
Date, all as more fully described in the Trust and Servicing Agreement. With respect to each Distribution Date, the Determination
Date is the 6th day of the calendar month in which such Distribution Date occurs, but if such 6th day is not a Business Day, the
immediately succeeding Business Day, commencing in March 2022.

 

All distributions will
be made to the Persons entitled thereto by wire transfer of immediately available funds to the account of such Certificateholder
at a bank or other entity located in the United States and having appropriate facilities therefor provided that the Certificate
Administrator has received appropriate wire transfer instructions therefrom, or by check by first class mail to the address set
forth therefor in the Certificate Register if wiring instructions have not been received at least five Business Days prior to the
applicable Distribution Date. Notwithstanding the foregoing, the final distribution on each Certificate shall be made in like manner,
but only upon presentment and surrender of such Certificate at the location that is specified in the notice to Certificateholders
of such final distribution.

 

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Notes, as more specifically set
forth herein and in the Trust and Servicing Agreement.

 

This Certificate does
not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing Agreement for the
interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities
of the Trustee and the Certificate Administrator.

 

In the event of a conflict
or inconsistency between the terms of this Certificate and the Trust and Servicing Agreement, the terms and conditions of the Trust
and Servicing Agreement shall govern.

 

    Exhibit A-2-5

     

    

 

As provided in the Trust
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer
of any Certificate, the Certificate Registrar shall execute, authenticate and deliver, in the name of the designated transferee
or transferees, one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

 

Prior to due presentation
of this Certificate for registration of transfer, the Servicer, the Special Servicer, the Trustee, the Certificate Administrator,
the Operating Advisor, the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator, the Operating Advisor,
the Servicer, the Special Servicer or the Certificate Registrar may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Trust and Servicing Agreement and
for all other purposes whatsoever, and none of the Servicer, the Special Servicer, the Trustee, the Certificate Administrator,
the Operating Advisor, the Certificate Registrar, or any agent of the Servicer, the Special Servicer, the Trustee, the Certificate
Administrator, the Operating Advisor or the Certificate Registrar shall be affected by any notice to the contrary.

 

The Trust and Servicing
Agreement may be amended from time to time by the Depositor, the Servicer, the Special Servicer, the Trustee, the Certificate Administrator
and the Operating Advisor, without the consent of any of the Certificateholders, in certain circumstances specified in the Trust
and Servicing Agreement. The Trust and Servicing Agreement may also be amended from time to time by the Depositor, the Servicer,
the Special Servicer, the Trustee, the Certificate Administrator and the Operating Advisor with the written consent of the Holders
of Certificates representing not less than 51% of the Percentage Interests of each Class of Certificates adversely affected by
the amendment (as evidenced by an Opinion of Counsel) for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Trust and Servicing Agreement or of modifying in any manner the rights of the Certificateholders;
provided, however, no such amendment shall (i) reduce in any manner the amount of, or delay the timing of, payments
received on the Mortgage Loan which are required to be distributed on any Certificate or to any Companion Loan Holder, (ii) alter
in any manner the liens on any Collateral securing payments on the Mortgage Loan; (iii) alter the obligations of the Servicer
or the Trustee to make an Advance or alter the Accepted Servicing Practices set forth in the Trust and Servicing Agreement, (iv) change
the percentages of Voting Rights or Percentage Interests of Certificateholders which are required to consent to any action or inaction
under the Trust and Servicing Agreement; (v) change in any manner the obligations or rights of the Loan Seller under the Trust
and Servicing Agreement or the Trust Loan Purchase Agreement without the consent of the Loan Seller; (vi) amend Section 11.1
of the Trust and Servicing Agreement; (vii) change in any manner the obligations or rights of any Initial Purchaser without the
consent of the affected Initial Purchaser; or (viii) adversely affect any Companion Loan Holder in its capacity as such without
its consent. In addition, the Trust and Servicing Agreement provides that (i) neither the Trustee nor the Certificate Administrator
shall consent to any amendment to the Trust and Servicing Agreement unless it shall have first been furnished with an Opinion of
Counsel to the effect that such amendment is authorized or permitted under the Trust and Servicing Agreement and all conditions
precedent to such amendment have been satisfied and (ii) no amendment shall be made to the Trust and Servicing Agreement without
the Trustee and the Certificate Administrator first receiving in writing an Opinion of Counsel (at the expense of the party requesting
the amendment) that the amendment will not result in the imposition of federal income

 

    Exhibit A-2-6

     

    

 

tax on the Trust or cause either the Lower-Tier
REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC.

 

The Trust and Servicing
Agreement provides that the respective obligations and responsibilities of the Depositor, the Servicer, the Special Servicer, the
Trustee, the Certificate Administrator and the Operating Advisor created thereby (other than (x) the obligation to make certain
remittances to the Companion Loan Holder(s) to the extent of any remaining funds and in accordance with the Co-Lender Agreement,
(y) the obligation of the Certificate Administrator to make certain payments to Certificateholders after the final Distribution
Date and to comply with all federal income tax reporting requirements and maintenance of books and records, and (z) the indemnification
rights and obligations of the parties thereto) shall terminate upon the last action required to be taken by the Certificate Administrator
on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement upon the later of (i) the final
payment on the Certificates and the Uncertificated Lower-Tier Interests or (ii) the liquidation of the Trust Loan (including,
without limitation, in connection with the sale of the Trust Loan pursuant to the Mezzanine Intercreditor Agreement or the Trust
and Servicing Agreement, as applicable) or the liquidation or abandonment of the Property and all other Collateral for the Trust
Loan, provided, however, that in no event shall the trust created by the Trust and Servicing Agreement continue beyond
the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Trust and Servicing Agreement.

 

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating
Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing Agreement or be
valid for any purpose.

 

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates
or the Mortgage Loan and has executed this Certificate in its limited capacity as Certificate Administrator under the Trust and
Servicing Agreement.

 

    Exhibit A-2-7

     

    

 

IN WITNESS WHEREOF, the
Certificate Administrator has caused this Certificate to be duly executed.

 

Dated: February 16, 2022

 

	 	COMPUTERSHARE
               TRUST COMPANY, 
 NATIONAL
               ASSOCIATION, 
 not in its individual capacity but solely as 
 Certificate Administrator
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

Certificate of Authentication

 

This is one of the Class
X Certificates referred to in the Trust and Servicing Agreement.

 

Dated: February 16, 2022

 

	 	COMPUTERSHARE
                                         TRUST COMPANY, 

                                         NATIONAL ASSOCIATION, 

                                         not in its individual capacity but solely as 
 Authenticating Agent
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

    Exhibit A-2-8

     

    

 

SCHEDULE A

 

SCHEDULE OF EXCHANGES

 

The following payments of principal and
exchanges of a part of this [Rule 144A Global Certificate] [Temporary Regulation S Global Certificate] [Regulation S Global Certificate]
have been made:

 

	Date
of 

Exchange or 

Payment of 

Principal 
	 	Certificate

Balance 

Prior to 

Exchange or 

Payment 
	 	Certificate

Balance 

Exchanged 

or Principal 

Payment 

Made 
	 	Type
of 

Certificate 

Exchanged 

for 
	 	Remaining

Certificate 

Balance 

Following 

Such

Exchange or 

Payment 
	 	Notation

Made by 
	 
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-

 

    Exhibit A-2-9

     

    

 

ASSIGNMENT

 

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.

 

I (we) further direct
the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the within Certificate to
the above-named Assignee(s) and to deliver such Certificate to the following address:

 

________________________________

 

________________________________

 

________________________________

 

Date: __________________

 

		Signature
by or on behalf of
 Assignor(s):	 
	 	 	 
	 	 	 
	 	 	 
	 	Taxpayer Identification Number: _________

 

    Exhibit A-2-10

     

    

 

DISTRIBUTION INSTRUCTIONS

 

The Assignee(s) should
include the following for purposes of distribution:

 

Address of the Assignee(s) for the purpose
of receiving notices and distributions:

_____________________________________________________________________.

 

Distributions, if being
made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.

 

This information is provided
by _______________________________________ the Assignee(s) named above, or ________________________________________________ as
its (their) agent.

 

	 	By:	 
	 	 	[Please print or type
                              name(s)]

 

		Title:	

  

		Taxpayer
Identification Number:

  

    Exhibit A-2-11

     

    

 

EXHIBIT
A-3

 

FORM OF CLASS B CERTIFICATES

 

CLASS B

 

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”). NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED,
EXCEPT AS PERMITTED UNDER THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.

 

NO BENEFICIAL OWNERS OF THIS TEMPORARY
REGULATION S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS
HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE TRUST AND SERVICING AGREEMENT.]1

 

[UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE
REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR
TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

 

[TRANSFERS OF THIS GLOBAL CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]3

 

THIS CERTIFICATE DOES NOT REPRESENT
ANY INTEREST IN OR OBLIGATION OF THE DEPOSITOR, ANY INITIAL PURCHASER, THE LOAN SELLERS, THE ORIGINATORS, THE SERVICER, THE SPECIAL
SERVICER, THE TRUSTEE, THE CERTIFICATE ADMINISTRATOR, THE OPERATING ADVISOR, THE BORROWER,

 

 

 

		1	Temporary
Regulation S Global Certificate legend.

 

		2	Legend
required as long as DTC is the Depository under the Trust and Servicing Agreement.

 

		3	Global
Certificate legend.

 

    Exhibit A-3-1

     

    

 

THE BORROWER SPONSOR OR ANY OF THEIR
RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN IS INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY
OR INSTRUMENTALITY, PRIVATE INSURER OR BY ANY OTHER PERSON.

 

PRINCIPAL PAYMENTS IN RESPECT OF THIS
CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW. ACCORDINGLY, THE OUTSTANDING
CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS CLASS B CERTIFICATE IS SUBORDINATED
TO ONE OR MORE OTHER CLASSES OF CERTIFICATES OF THE SAME SERIES AS AND TO THE EXTENT SET FORTH IN THE TRUST AND SERVICING AGREEMENT
REFERRED TO BELOW.

 

THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO
A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A
“QUALIFIED INSTITUTIONAL BUYER”), THAT IS PURCHASING FOR ITS OWN ACCOUNT OR IS PURCHASING FOR THE ACCOUNT OF
ANOTHER QUALIFIED INSTITUTIONAL BUYER, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS
BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTIONAL INVESTOR THAT IS A NON-“U.S. PERSON” IN AN “OFFSHORE
TRANSACTION” AS SUCH TERMS ARE DEFINED IN, AND IN ACCORDANCE WITH, RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES
ACT, OR (3) TO ANOTHER INSTITUTIONAL INVESTOR THAT IS, OR IN WHICH EACH OF THE EQUITY OWNERS IS AN “ACCREDITED INVESTOR”
WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT THAT IS NOT A QUALIFIED INSTITUTIONAL
BUYER, AND (B) IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE FEDERAL SECURITIES LAWS AND ANY APPLICABLE SECURITIES LAWS OF ANY
STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS CERTIFICATE MAY NOT BE PURCHASED
BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT
TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN (AS
DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS, TO

 

    Exhibit A-3-2

     

    

 

A MATERIAL EXTENT,
SIMILAR TO SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF
OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE, UNLESS (A) SUCH PERSON IS AN INSTITUTIONAL “ACCREDITED
INVESTOR” AS DEFINED IN RULE 501(a)(1) OF REGULATION D OF THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT
OF 1933, AND (B) THE ACQUISITION, HOLDING AND DISPOSITION OF THIS CERTIFICATE BY SUCH PERSON WILL NOT CONSTITUTE OR OTHERWISE RESULT
IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER ERISA OR SECTION 4975 OF THE CODE (OR A NON-EXEMPT VIOLATION OF SIMILAR LAW).

 

TRANSFERS OF THIS CERTIFICATE OR ANY
INTEREST HEREIN ARE SUBJECT TO SUCH RESTRICTIONS, AND TO THE DELIVERY BY THE TRANSFEROR AND/OR THE TRANSFEREE OF SUCH OPINIONS,
CERTIFICATIONS AND/OR OTHER EVIDENCE OF COMPLIANCE WITH APPLICABLE LAW, AS ARE SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED
TO BELOW.

 

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE CODE.

 

    Exhibit A-3-3

     

    

 

BWAY COMMERCIAL MORTGAGE
TRUST 2022-26BW

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-26BW, CLASS B

 

	Pass-Through Rate:  3.99000% per annum	 	 
	 	 	 
	First Distribution Date:  March 11, 2022	 	 
	 	 	 
	Aggregate Initial Certificate Balance of the Class B Certificates:  $5,240,000	 	Rated Final Distribution Date:

February 2044
	 	 	 
	CUSIP:  12429EAE7

ISIN:  US12429EAE771	 	Initial Certificate Balance of this

Certificate:  $[_________]
	 	 	 
	
        CUSIP: U1225DAC9

ISIN: USU1225DAC93 

        Common Code: 2447576342

         

        CUSIP: 12429EAF4

        ISIN: US12429EAF433

        No.: B-[ ]

         
	 	 

This certifies that [Cede
& Co.][_________] is the registered owner of the Percentage Interest evidenced by this Certificate in the distributions to
be made from a Trust Fund with respect to the Class B Certificates. The Trust Fund consists primarily of multiple promissory notes
evidencing a fixed rate interest-only commercial mortgage loan (the “Trust Loan”) that is secured by certain
Collateral held in trust by the Trustee (or the Custodian on its behalf). The Collateral also secures the Companion Loans which
are not assets of the Trust Fund. The Trust Loan and the Companion Loans are collectively referred to as the “Mortgage
Loan”. The Trust Fund was created, and the Mortgage Loan is to be serviced, pursuant to the Trust and Servicing Agreement
(as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents to the terms, provisions and conditions
of the Trust and Servicing Agreement and is bound thereby. Also issued under the Trust and Servicing Agreement are the Class A,
Class X, Class C, Class D, Class E, Class F, Class G, Class HRR and Class R Certificates (collectively, with the Class
B Certificates, the “Certificates”; the Holders of Certificates issued under the Trust and Servicing Agreement
are collectively referred to herein as “Certificateholders”).

 

This Certificate is issued
pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement, dated as of February 6, 2022 (the “Trust
and Servicing Agreement”), by and among BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association,
as Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee, Computershare Trust Company, National
Association, as Certificate Administrator, and

 

 

 

		1	For
Certificate sold in reliance on Rule 144A only.

 

		2	For
Regulation S Global Certificate only.

 

		3	For
IAI Certificate only.

 

    Exhibit A-3-4

     

    

 

Pentalpha Surveillance LLC, as Operating Advisor. To the extent not defined herein,
capitalized terms used herein shall have the respective meanings assigned thereto in the Trust and Servicing Agreement.

 

Pursuant to the terms
of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 4th Business Day following each Determination
Date, commencing in March 2022 (each such date, a “Distribution Date”), to the Person in whose name this Certificate
is registered as of the close of business on the related Record Date, which will be the last Business Day of the calendar month
immediately preceding the calendar month in which such Distribution Date occurs (provided that, in the event the Closing Date occurs
in the same month as the first Distribution Date, the first Record Date shall be the Closing Date), an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount
of principal and interest and any Yield Maintenance Premium then distributable, if any, with respect to the Class B Certificates
for such Distribution Date, all as more fully described in the Trust and Servicing Agreement. With respect to each Distribution
Date, the Determination Date is the 6th day of the calendar month in which such Distribution Date occurs, but if such 6th day is
not a Business Day, the immediately succeeding Business Day, commencing in March 2022.

 

All distributions will
be made to the Persons entitled thereto by wire transfer of immediately available funds to the account of such Certificateholder
at a bank or other entity located in the United States and having appropriate facilities therefor provided that the Certificate
Administrator has received appropriate wire transfer instructions therefrom, or by check by first class mail to the address set
forth therefor in the Certificate Register if wiring instructions have not been received at least five Business Days prior to the
applicable Distribution Date. Notwithstanding the foregoing, the final distribution on each Certificate shall be made in like manner,
but only upon presentment and surrender of such Certificate at the location that is specified in the notice to Certificateholders
of such final distribution.

 

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Notes, as more specifically set
forth herein and in the Trust and Servicing Agreement.

 

This Certificate does
not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing Agreement for the
interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities
of the Trustee and the Certificate Administrator.

 

In the event of a conflict
or inconsistency between the terms of this Certificate and the Trust and Servicing Agreement, the terms and conditions of the Trust
and Servicing Agreement shall govern.

 

As provided in the Trust
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer
of any Certificate, the Certificate Registrar shall execute, authenticate and deliver, in the name of the designated transferee
or transferees, one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

 

    Exhibit A-3-5

     

    

 

Prior to due presentation
of this Certificate for registration of transfer, the Servicer, the Special Servicer, the Trustee, the Certificate Administrator,
the Operating Advisor, the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator, the Operating Advisor,
the Servicer, the Special Servicer or the Certificate Registrar may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Trust and Servicing Agreement and
for all other purposes whatsoever, and none of the Servicer, the Special Servicer, the Trustee, the Certificate Administrator,
the Operating Advisor, the Certificate Registrar, or any agent of the Servicer, the Special Servicer, the Trustee, the Certificate
Administrator, the Operating Advisor or the Certificate Registrar shall be affected by any notice to the contrary.

 

The Trust and Servicing
Agreement may be amended from time to time by the Depositor, the Servicer, the Special Servicer, the Trustee, the Certificate Administrator
and the Operating Advisor, without the consent of any of the Certificateholders, in certain circumstances specified in the Trust
and Servicing Agreement. The Trust and Servicing Agreement may also be amended from time to time by the Depositor, the Servicer,
the Special Servicer, the Trustee, the Certificate Administrator and the Operating Advisor with the written consent of the Holders
of Certificates representing not less than 51% of the Percentage Interests of each Class of Certificates adversely affected by
the amendment (as evidenced by an Opinion of Counsel) for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Trust and Servicing Agreement or of modifying in any manner the rights of the Certificateholders;
provided, however, no such amendment shall (i) reduce in any manner the amount of, or delay the timing of, payments
received on the Mortgage Loan which are required to be distributed on any Certificate or to any Companion Loan Holder, (ii) alter
in any manner the liens on any Collateral securing payments on the Mortgage Loan; (iii) alter the obligations of the Servicer
or the Trustee to make an Advance or alter the Accepted Servicing Practices set forth in the Trust and Servicing Agreement, (iv) change
the percentages of Voting Rights or Percentage Interests of Certificateholders which are required to consent to any action or inaction
under the Trust and Servicing Agreement; (v) change in any manner the obligations or rights of the Loan Seller under the Trust
and Servicing Agreement or the Trust Loan Purchase Agreement without the consent of the Loan Seller; (vi) amend Section
11.1 of the Trust and Servicing Agreement; (vii) change in any manner the obligations or rights of any Initial Purchaser
without the consent of the affected Initial Purchaser; or (viii) adversely affect any Companion Loan Holder in its capacity as
such without its consent. In addition, the Trust and Servicing Agreement provides that (i) neither the Trustee nor the Certificate
Administrator shall consent to any amendment to the Trust and Servicing Agreement unless it shall have first been furnished with
an Opinion of Counsel to the effect that such amendment is authorized or permitted under the Trust and Servicing Agreement and
all conditions precedent to such amendment have been satisfied and (ii) no amendment shall be made to the Trust and Servicing
Agreement without the Trustee and the Certificate Administrator first receiving in writing an Opinion of Counsel (at the expense
of the party requesting the amendment) that the amendment will not result in the imposition of federal income tax on the Trust
or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC.

 

The Trust and Servicing
Agreement provides that the respective obligations and responsibilities of the Depositor, the Servicer, the Special Servicer, the
Trustee, the Certificate Administrator and the Operating Advisor created thereby (other than (x) the obligation to make

 

    Exhibit A-3-6

     

    

 

certain
remittances to the Companion Loan Holder(s) to the extent of any remaining funds and in accordance with the Co-Lender Agreement,
(y) the obligation of the Certificate Administrator to make certain payments to Certificateholders after the final Distribution
Date and to comply with all federal income tax reporting requirements and maintenance of books and records, and (z) the indemnification
rights and obligations of the parties thereto) shall terminate upon the last action required to be taken by the Certificate Administrator
on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement upon the later of (i) the final
payment on the Certificates and the Uncertificated Lower-Tier Interests or (ii) the liquidation of the Trust Loan (including,
without limitation, in connection with the sale of the Trust Loan pursuant to the Mezzanine Intercreditor Agreement or the Trust
and Servicing Agreement, as applicable) or the liquidation or abandonment of the Property and all other Collateral for the Trust
Loan, provided, however, that in no event shall the trust created by the Trust and Servicing Agreement continue beyond
the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Trust and Servicing Agreement.

 

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating
Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing Agreement or be
valid for any purpose.

 

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates
or the Mortgage Loan and has executed this Certificate in its limited capacity as Certificate Administrator under the Trust and
Servicing Agreement.

 

    Exhibit A-3-7

     

    

 

IN WITNESS WHEREOF, the
Certificate Administrator has caused this Certificate to be duly executed.

 

Dated: February 16, 2022

 

	 	COMPUTERSHARE
               TRUST COMPANY, 
 NATIONAL
               ASSOCIATION, 
 not in its individual capacity but solely as 
 Certificate Administrator
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

Certificate of Authentication

 

This is one of the Class
B Certificates referred to in the Trust and Servicing Agreement.

 

Dated: February 16, 2022

 

	 	COMPUTERSHARE
                                         TRUST COMPANY, 

                                         NATIONAL ASSOCIATION, 

                                         not in its individual capacity but solely as 
 Authenticating Agent
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

    Exhibit A-3-8

     

    

 

SCHEDULE A

 

SCHEDULE OF EXCHANGES

 

The following payments of principal and
exchanges of a part of this [Rule 144A Global Certificate] [Temporary Regulation S Global Certificate] [Regulation S Global Certificate]
have been made:

 

	Date
of 

Exchange or 

Payment of 

Principal 
	 	Certificate

Balance 

Prior to 

Exchange or 

Payment 
	 	Certificate

Balance 

Exchanged 

or Principal 

Payment 

Made 
	 	Type
of 

Certificate 

Exchanged 

for 
	 	Remaining

Certificate 

Balance 

Following 

Such

Exchange or 

Payment 
	 	Notation

Made by 
	 
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-

 

    Exhibit A-3-9

     

    

 

ASSIGNMENT

 

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.

 

I (we) further direct
the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the within Certificate to
the above-named Assignee(s) and to deliver such Certificate to the following address:

 

________________________________

 

________________________________

 

________________________________

 

Date: __________________

 

		Signature
by or on behalf of
 Assignor(s):	 
	 	 	 
	 	 	 
	 	 	 
	 	Taxpayer Identification Number: _________

 

    Exhibit A-3-10

     

    

 

DISTRIBUTION INSTRUCTIONS

 

The Assignee(s) should
include the following for purposes of distribution:

 

Address of the Assignee(s) for the purpose
of receiving notices and distributions:

_____________________________________________________________________.

 

Distributions, if being
made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.

 

This information is provided
by _______________________________________ the Assignee(s) named above, or ________________________________________________ as
its (their) agent.

 

	 	By:	 
	 	 	[Please print or type
                              name(s)]

 

		Title:	

 

		Taxpayer
Identification Number:

 

    Exhibit A-3-11

     

    

 

EXHIBIT
A-4

 

FORM OF CLASS C CERTIFICATES

 

CLASS C

 

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”). NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED,
EXCEPT AS PERMITTED UNDER THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.

 

NO BENEFICIAL OWNERS OF THIS TEMPORARY
REGULATION S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS
HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE TRUST AND SERVICING AGREEMENT.]1

 

[UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE
REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR
TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

 

[TRANSFERS OF THIS GLOBAL CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]3

 

THIS CERTIFICATE DOES NOT REPRESENT
ANY INTEREST IN OR OBLIGATION OF THE DEPOSITOR, ANY INITIAL PURCHASER, THE LOAN SELLERS, THE ORIGINATORS, THE SERVICER, THE SPECIAL
SERVICER, THE TRUSTEE, THE CERTIFICATE ADMINISTRATOR, THE OPERATING ADVISOR, THE BORROWER,

 

 

  

		1	Temporary Regulation S Global Certificate legend.

 

		2	Legend required as long as DTC is the Depository under
the Trust and Servicing Agreement.

 

		3	Global Certificate legend.

 

    Exhibit A-4-1

     

    

 

THE BORROWER SPONSOR OR ANY OF THEIR
RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN IS INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY
OR INSTRUMENTALITY, PRIVATE INSURER OR BY ANY OTHER PERSON.

 

PRINCIPAL PAYMENTS IN RESPECT OF THIS
CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW. ACCORDINGLY, THE OUTSTANDING
CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS CLASS C CERTIFICATE IS SUBORDINATED
TO CERTAIN OTHER CLASSES OF CERTIFICATES OF THE SAME SERIES AS AND TO THE EXTENT SET FORTH IN THE TRUST AND SERVICING AGREEMENT
REFERRED TO BELOW.

 

THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO
A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A
“QUALIFIED INSTITUTIONAL BUYER”), THAT IS PURCHASING FOR ITS OWN ACCOUNT OR IS PURCHASING FOR THE ACCOUNT OF
ANOTHER QUALIFIED INSTITUTIONAL BUYER, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS
BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTIONAL INVESTOR THAT IS A NON-“U.S. PERSON” IN AN “OFFSHORE
TRANSACTION” AS SUCH TERMS ARE DEFINED IN, AND IN ACCORDANCE WITH, RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES
ACT, OR (3) TO ANOTHER INSTITUTIONAL INVESTOR THAT IS, OR IN WHICH EACH OF THE EQUITY OWNERS IS AN “ACCREDITED INVESTOR”
WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT THAT IS NOT A QUALIFIED INSTITUTIONAL
BUYER, AND (B) IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE FEDERAL SECURITIES LAWS AND ANY APPLICABLE SECURITIES LAWS OF ANY
STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS CERTIFICATE MAY
NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER
PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED
(“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW
THAT IS, TO

 

    Exhibit A-4-2

     

    

 

A MATERIAL EXTENT, SIMILAR TO SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAW”),
OR ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE, UNLESS (A) SUCH PERSON
IS AN INSTITUTIONAL “ACCREDITED INVESTOR” AS DEFINED IN RULE 501(a)(1) OF REGULATION D OF THE SECURITIES AND EXCHANGE
COMMISSION UNDER THE SECURITIES ACT OF 1933, AND (B) THE ACQUISITION, HOLDING AND DISPOSITION OF THIS CERTIFICATE BY SUCH PERSON
WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER ERISA OR SECTION 4975 OF THE CODE (OR A NON-EXEMPT
VIOLATION OF SIMILAR LAW).

 

TRANSFERS OF THIS CERTIFICATE OR ANY
INTEREST HEREIN ARE SUBJECT TO SUCH RESTRICTIONS, AND TO THE DELIVERY BY THE TRANSFEROR AND/OR THE TRANSFEREE OF SUCH OPINIONS,
CERTIFICATIONS AND/OR OTHER EVIDENCE OF COMPLIANCE WITH APPLICABLE LAW, AS ARE SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED
TO BELOW.

 

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE CODE.

 

    Exhibit A-4-3

     

    

 

BWAY COMMERCIAL MORTGAGE
TRUST 2022-26BW

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-26BW, CLASS C

 

	Pass-Through Rate:  4.59200% per annum	 	 
	 	 	 
	First Distribution Date:  March 11, 2022	 	 
	 	 	 
	Aggregate Initial Certificate Balance of the Class C Certificates:  $26,400,000	 	Rated Final Distribution Date: 

February 2044
	 	 	 
	CUSIP:  12429EAG2

    ISIN:    US12429EAG26 1	 	Initial Certificate Balance of this 

Certificate:  $[_________]
	 	 	 
	
        CUSIP: U1225DAD7

ISIN: USU1225DAD76 

        Common Code: 2447576422

         

        CUSIP: 12429EAH0

ISIN: US12429EAH093

No.: C-[ ] 
	 	 

 

This certifies that [Cede
& Co.][_________] is the registered owner of the Percentage Interest evidenced by this Certificate in the distributions to
be made from a Trust Fund with respect to the Class C Certificates. The Trust Fund consists primarily of multiple promissory notes
evidencing a fixed rate interest-only commercial mortgage loan (the “Trust Loan”) that is secured by certain
Collateral held in trust by the Trustee (or the Custodian on its behalf). The Collateral also secures the Companion Loans which
are not assets of the Trust Fund. The Trust Loan and the Companion Loans are collectively referred to as the “Mortgage
Loan”. The Trust Fund was created, and the Mortgage Loan is to be serviced, pursuant to the Trust and Servicing Agreement
(as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents to the terms, provisions and conditions
of the Trust and Servicing Agreement and is bound thereby. Also issued under the Trust and Servicing Agreement are the Class A,
Class X, Class B, Class D, Class E, Class F, Class G, Class HRR and Class R Certificates (collectively, with the Class
C Certificates, the “Certificates”; the Holders of Certificates issued under the Trust and Servicing Agreement
are collectively referred to herein as “Certificateholders”).

 

This Certificate is
issued pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement, dated as of February 6, 2022 (the “Trust
and Servicing Agreement”), by and among BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association,
as Servicer and as Special Servicer, Wilmington Trust, National Association, as 

 

  

		1	For Certificate sold in reliance on Rule 144A only.

 

		2	For Regulation S Global Certificate only.

 

		3	For IAI Certificate only.

 

    Exhibit A-4-4

     

    

 

Trustee, Computershare Trust Company, National
Association, as Certificate Administrator, and Pentalpha Surveillance LLC, as Operating Advisor. To the extent not defined herein,
capitalized terms used herein shall have the respective meanings assigned thereto in the Trust and Servicing Agreement.

 

Pursuant to the terms
of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 4th Business Day following each Determination
Date, commencing in March 2022 (each such date, a “Distribution Date”), to the Person in whose name this Certificate
is registered as of the close of business on the related Record Date, which will be the last Business Day of the calendar month
immediately preceding the calendar month in which such Distribution Date occurs (provided that, in the event the Closing Date occurs
in the same month as the first Distribution Date, the first Record Date shall be the Closing Date), an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount
of principal and interest and any Yield Maintenance Premium then distributable, if any, with respect to the Class C Certificates
for such Distribution Date, all as more fully described in the Trust and Servicing Agreement. With respect to each Distribution
Date, the Determination Date is the 6th day of the calendar month in which such Distribution Date occurs, but if such 6th day is
not a Business Day, the immediately succeeding Business Day, commencing in March 2022.

 

All distributions will
be made to the Persons entitled thereto by wire transfer of immediately available funds to the account of such Certificateholder
at a bank or other entity located in the United States and having appropriate facilities therefor provided that the Certificate
Administrator has received appropriate wire transfer instructions therefrom, or by check by first class mail to the address set
forth therefor in the Certificate Register if wiring instructions have not been received at least five Business Days prior to the
applicable Distribution Date. Notwithstanding the foregoing, the final distribution on each Certificate shall be made in like manner,
but only upon presentment and surrender of such Certificate at the location that is specified in the notice to Certificateholders
of such final distribution.

 

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Notes, as more specifically set
forth herein and in the Trust and Servicing Agreement.

 

This Certificate does
not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing Agreement for the
interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities
of the Trustee and the Certificate Administrator.

 

In the event of a conflict
or inconsistency between the terms of this Certificate and the Trust and Servicing Agreement, the terms and conditions of the Trust
and Servicing Agreement shall govern.

 

As provided in the Trust
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer
of any Certificate, the Certificate Registrar shall execute, authenticate and deliver, in the name of the designated

 

    Exhibit A-4-5

     

    

 

transferee
or transferees, one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

 

Prior to due presentation
of this Certificate for registration of transfer, the Servicer, the Special Servicer, the Trustee, the Certificate Administrator,
the Operating Advisor, the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator, the Operating Advisor,
the Servicer, the Special Servicer or the Certificate Registrar may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Trust and Servicing Agreement and
for all other purposes whatsoever, and none of the Servicer, the Special Servicer, the Trustee, the Certificate Administrator,
the Operating Advisor, the Certificate Registrar, or any agent of the Servicer, the Special Servicer, the Trustee, the Certificate
Administrator, the Operating Advisor or the Certificate Registrar shall be affected by any notice to the contrary.

 

The Trust and Servicing
Agreement may be amended from time to time by the Depositor, the Servicer, the Special Servicer, the Trustee, the Certificate Administrator
and the Operating Advisor, without the consent of any of the Certificateholders, in certain circumstances specified in the Trust
and Servicing Agreement. The Trust and Servicing Agreement may also be amended from time to time by the Depositor, the Servicer,
the Special Servicer, the Trustee, the Certificate Administrator and the Operating Advisor with the written consent of the Holders
of Certificates representing not less than 51% of the Percentage Interests of each Class of Certificates adversely affected by
the amendment (as evidenced by an Opinion of Counsel) for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Trust and Servicing Agreement or of modifying in any manner the rights of the Certificateholders;
provided, however, no such amendment shall (i) reduce in any manner the amount of, or delay the timing of, payments
received on the Mortgage Loan which are required to be distributed on any Certificate or to any Companion Loan Holder, (ii) alter
in any manner the liens on any Collateral securing payments on the Mortgage Loan; (iii) alter the obligations of the Servicer
or the Trustee to make an Advance or alter the Accepted Servicing Practices set forth in the Trust and Servicing Agreement, (iv) change
the percentages of Voting Rights or Percentage Interests of Certificateholders which are required to consent to any action or inaction
under the Trust and Servicing Agreement; (v) change in any manner the obligations or rights of the Loan Seller under the Trust
and Servicing Agreement or the Trust Loan Purchase Agreement without the consent of the Loan Seller; (vi) amend Section
11.1 of the Trust and Servicing Agreement; (vii) change in any manner the obligations or rights of any Initial Purchaser
without the consent of the affected Initial Purchaser; or (viii) adversely affect any Companion Loan Holder in its capacity as
such without its consent. In addition, the Trust and Servicing Agreement provides that (i) neither the Trustee nor the Certificate
Administrator shall consent to any amendment to the Trust and Servicing Agreement unless it shall have first been furnished with
an Opinion of Counsel to the effect that such amendment is authorized or permitted under the Trust and Servicing Agreement and
all conditions precedent to such amendment have been satisfied and (ii) no amendment shall be made to the Trust and Servicing
Agreement without the Trustee and the Certificate Administrator first receiving in writing an Opinion of Counsel (at the expense
of the party requesting the amendment) that the amendment will not result in the imposition of federal income tax on the Trust
or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC.

 

    Exhibit A-4-6

     

    

 

The Trust and Servicing
Agreement provides that the respective obligations and responsibilities of the Depositor, the Servicer, the Special Servicer, the
Trustee, the Certificate Administrator and the Operating Advisor created thereby (other than (x) the obligation to make certain
remittances to the Companion Loan Holder(s) to the extent of any remaining funds and in accordance with the Co-Lender Agreement,
(y) the obligation of the Certificate Administrator to make certain payments to Certificateholders after the final Distribution
Date and to comply with all federal income tax reporting requirements and maintenance of books and records, and (z) the indemnification
rights and obligations of the parties thereto) shall terminate upon the last action required to be taken by the Certificate Administrator
on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement upon the later of (i) the final
payment on the Certificates and the Uncertificated Lower-Tier Interests or (ii) the liquidation of the Trust Loan (including,
without limitation, in connection with the sale of the Trust Loan pursuant to the Mezzanine Intercreditor Agreement or the Trust
and Servicing Agreement, as applicable) or the liquidation or abandonment of the Property and all other Collateral for the Trust
Loan, provided, however, that in no event shall the trust created by the Trust and Servicing Agreement continue beyond
the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Trust and Servicing Agreement.

 

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating
Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing Agreement or be
valid for any purpose.

 

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates
or the Mortgage Loan and has executed this Certificate in its limited capacity as Certificate Administrator under the Trust and
Servicing Agreement.

 

    Exhibit A-4-7

     

    

 

 

IN
WITNESS WHEREOF, the Certificate Administrator has caused this Certificate to be duly executed.

 

Dated: February 16, 2022

 

	 	COMPUTERSHARE
TRUST COMPANY, 

NATIONAL ASSOCIATION, 

not in its individual capacity but solely as 

Certificate
Administrator
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

Certificate
of Authentication

 

This
is one of the Class C  Certificates referred to in the Trust and Servicing Agreement.

 

Dated: February 16, 2022

 

	 	COMPUTERSHARE
TRUST COMPANY, 

NATIONAL ASSOCIATION, 

not in its individual capacity but solely as 

Authenticating
Agent
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

    Exhibit A-4-8

     

    

 

SCHEDULE
A

 

SCHEDULE
OF EXCHANGES

 

The
following payments of principal and exchanges of a part of this [Rule 144A Global Certificate][Temporary Regulation S Global Certificate] [Regulation
S Global Certificate] have been made:

 

	Date
                                         of 

                                         Exchange or
                                         

                                         Payment of
                                         

                                         Principal 
	 	Certificate

Balance Prior

to Exchange or 

Payment 
	 	Certificate

Balance 

Exchanged or 

Principal 

Payment Made 
	 	Type
of 

Certificate 

Exchanged for 
	 	Remaining

Certificate 

Balance 

Following Such

Exchange or 

Payment 
	 	Notation
Made 

by 
	 
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-

 

    Exhibit A-4-9

     

    

 

ASSIGNMENT

 

FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.

 

I
(we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the
within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:

 

________________________________

 

________________________________

 

________________________________

 

Date:
__________________

 

		Signature
by or on behalf of Assignor(s):	 
	 	 	 
	 	 	 
	 	 	 
	 	Taxpayer Identification Number: _________

 

    Exhibit A-4-10

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
Assignee(s) should include the following for purposes of distribution:

 

Address
of the Assignee(s) for the purpose of receiving notices and distributions:

_____________________________________________________________________.

 

Distributions,
if being made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.

 

This
information is provided by _______________________________________ the Assignee(s) named above, or ________________________________________________
as its (their) agent.

 

	 	By:	 
	 	 	[Please print or type
                              name(s)]

 

		Title:	

 

		Taxpayer
Identification Number:

 

    Exhibit A-4-11

     

    

 

EXHIBIT
A-5

 

FORM OF CLASS D CERTIFICATES

 

CLASS D

 

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”). NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED,
EXCEPT AS PERMITTED UNDER THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.

 

NO BENEFICIAL OWNERS OF THIS TEMPORARY
REGULATION S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS
HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE TRUST AND SERVICING AGREEMENT.]1

 

[UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE
REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR
TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

 

[TRANSFERS OF THIS GLOBAL CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]3

 

THIS CERTIFICATE DOES NOT REPRESENT
ANY INTEREST IN OR OBLIGATION OF THE DEPOSITOR, ANY INITIAL PURCHASER, THE LOAN SELLERS, THE ORIGINATORS, THE SERVICER, THE SPECIAL
SERVICER, THE TRUSTEE, THE CERTIFICATE ADMINISTRATOR, THE OPERATING ADVISOR, THE BORROWER,

 

 

  

1
       Temporary Regulation S Global Certificate legend.

 

2
       Legend required as long as DTC is the Depository under the Trust and Servicing Agreement.

 

3
       Global Certificate legend.

 

    Exhibit A-5-1

     

    

 

THE BORROWER SPONSOR OR ANY OF THEIR
RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN IS INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY
OR INSTRUMENTALITY, PRIVATE INSURER OR BY ANY OTHER PERSON.

 

PRINCIPAL PAYMENTS IN RESPECT OF THIS
CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW. ACCORDINGLY, THE OUTSTANDING
CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS CLASS D CERTIFICATE
IS SUBORDINATED TO CERTAIN OTHER CLASSES OF CERTIFICATES OF THE SAME SERIES AS AND TO THE EXTENT SET FORTH IN THE TRUST AND SERVICING
AGREEMENT REFERRED TO BELOW.

 

THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO
A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A
“QUALIFIED INSTITUTIONAL BUYER”), THAT IS PURCHASING FOR ITS OWN ACCOUNT OR IS PURCHASING FOR THE ACCOUNT OF
ANOTHER QUALIFIED INSTITUTIONAL BUYER, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS
BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTIONAL INVESTOR THAT IS A NON-“U.S. PERSON” IN AN “OFFSHORE
TRANSACTION” AS SUCH TERMS ARE DEFINED IN, AND IN ACCORDANCE WITH, RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES
ACT, OR (3) TO ANOTHER INSTITUTIONAL INVESTOR THAT IS, OR IN WHICH EACH OF THE EQUITY OWNERS IS AN “ACCREDITED INVESTOR”
WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT THAT IS NOT A QUALIFIED INSTITUTIONAL
BUYER, AND (B) IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE FEDERAL SECURITIES LAWS AND ANY APPLICABLE SECURITIES LAWS OF ANY
STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS CERTIFICATE MAY NOT BE PURCHASED
BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT
TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN (AS
DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS, TO

 

    Exhibit A-5-2

     

    

 

A MATERIAL EXTENT,
SIMILAR TO SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF
OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE, UNLESS (A) SUCH PERSON IS AN INSTITUTIONAL “ACCREDITED
INVESTOR” AS DEFINED IN RULE 501(a)(1) OF REGULATION D OF THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT
OF 1933, AND (B) THE ACQUISITION, HOLDING AND DISPOSITION OF THIS CERTIFICATE BY SUCH PERSON WILL NOT CONSTITUTE OR OTHERWISE RESULT
IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER ERISA OR SECTION 4975 OF THE CODE (OR A NON-EXEMPT VIOLATION OF SIMILAR LAW).

 

TRANSFERS OF THIS CERTIFICATE OR ANY
INTEREST HEREIN ARE SUBJECT TO SUCH RESTRICTIONS, AND TO THE DELIVERY BY THE TRANSFEROR AND/OR THE TRANSFEREE OF SUCH OPINIONS,
CERTIFICATIONS AND/OR OTHER EVIDENCE OF COMPLIANCE WITH APPLICABLE LAW, AS ARE SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED
TO BELOW.

 

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE CODE.

 

    Exhibit A-5-3

     

    

BWAY COMMERCIAL MORTGAGE
TRUST 2022-26BW

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-26BW, CLASS D

 

	Pass-Through Rate:  4.85000% per annum	 	 
	 	 	 
	First Distribution Date: March 11, 2022	 	 
	 	 	 
	Aggregate Initial Certificate Balance of the Class D Certificates:  $21,000,000	 	Rated Final Distribution Date: 

February 2044
	 	 	 
	CUSIP:  12429EAJ6

ISIN:  US12429EAJ641	 	Initial Certificate Balance of this 

Certificate:  $[_________]
	 	 	 
	
        CUSIP: U1225DAE5

ISIN: USU1225DAE59 

        Common Code: 2447576692

         

        CUSIP: 12429EAK3

ISIN: US12429EAK383

No.: D-[ ] 
	 	 

 

This certifies that [Cede
& Co.][_________] is the registered owner of the Percentage Interest evidenced by this Certificate in the distributions to
be made from a Trust Fund with respect to the Class D Certificates. The Trust Fund consists primarily of multiple promissory notes
evidencing a fixed rate interest-only commercial mortgage loan (the “Trust Loan”) that is secured by certain
Collateral held in trust by the Trustee (or the Custodian on its behalf). The Collateral also secures the Companion Loans which
are not assets of the Trust Fund. The Trust Loan and the Companion Loans are collectively referred to as the “Mortgage
Loan”. The Trust Fund was created, and the Mortgage Loan is to be serviced, pursuant to the Trust and Servicing Agreement
(as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents to the terms, provisions and conditions
of the Trust and Servicing Agreement and is bound thereby. Also issued under the Trust and Servicing Agreement are the Class A,
Class X, Class B, Class C, Class E, Class F, Class G, Class HRR and Class R Certificates (collectively, with the Class D Certificates,
the “Certificates”; the Holders of Certificates issued under the Trust and Servicing Agreement are collectively
referred to herein as “Certificateholders”).

 

This Certificate is issued
pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement, dated as of February 6, 2022 (the “Trust
and Servicing Agreement”), by and among BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association,
as Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee, Computershare Trust Company, National
Association, as Certificate Administrator, and

 

 

 

		1	For Certificate sold in reliance on Rule 144A only.

 

		2	For Regulation S Global Certificate only.

 

		3	For IAI Certificate only.

 

    Exhibit A-5-4

     

    

 

Pentalpha Surveillance LLC, as Operating Advisor. To the extent not defined herein,
capitalized terms used herein shall have the respective meanings assigned thereto in the Trust and Servicing Agreement.

 

Pursuant to the terms
of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 4th Business Day following each Determination
Date, commencing in March 2022 (each such date, a “Distribution Date”), to the Person in whose name this Certificate
is registered as of the close of business on the related Record Date, which will be the last Business Day of the calendar month
immediately preceding the calendar month in which such Distribution Date occurs (provided that, in the event the Closing Date occurs
in the same month as the first Distribution Date, the first Record Date shall be the Closing Date), an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount
of principal and interest and any Yield Maintenance Premium then distributable, if any, with respect to the Class D Certificates
for such Distribution Date, all as more fully described in the Trust and Servicing Agreement. With respect to each Distribution
Date, the Determination Date is the 6th day of the calendar month in which such Distribution Date occurs, but if such 6th day is
not a Business Day, the immediately succeeding Business Day, commencing in March 2022.

 

All distributions will
be made to the Persons entitled thereto by wire transfer of immediately available funds to the account of such Certificateholder
at a bank or other entity located in the United States and having appropriate facilities therefor provided that the Certificate
Administrator has received appropriate wire transfer instructions therefrom, or by check by first class mail to the address set
forth therefor in the Certificate Register if wiring instructions have not been received at least five Business Days prior to the
applicable Distribution Date. Notwithstanding the foregoing, the final distribution on each Certificate shall be made in like manner,
but only upon presentment and surrender of such Certificate at the location that is specified in the notice to Certificateholders
of such final distribution.

 

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Notes, as more specifically set
forth herein and in the Trust and Servicing Agreement.

 

This Certificate does
not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing Agreement for the
interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities
of the Trustee and the Certificate Administrator.

 

In the event of a conflict
or inconsistency between the terms of this Certificate and the Trust and Servicing Agreement, the terms and conditions of the Trust
and Servicing Agreement shall govern.

 

As provided in the Trust
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer
of any Certificate, the Certificate Registrar shall execute, authenticate and deliver, in the name of the designated transferee
or transferees, one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

 

    Exhibit A-5-5

     

    

 

Prior to due presentation
of this Certificate for registration of transfer, the Servicer, the Special Servicer, the Trustee, the Certificate Administrator,
the Operating Advisor, the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator, the Operating Advisor,
the Servicer, the Special Servicer or the Certificate Registrar may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Trust and Servicing Agreement and
for all other purposes whatsoever, and none of the Servicer, the Special Servicer, the Trustee, the Certificate Administrator,
the Operating Advisor, the Certificate Registrar, or any agent of the Servicer, the Special Servicer, the Trustee, the Certificate
Administrator, the Operating Advisor or the Certificate Registrar shall be affected by any notice to the contrary.

 

The Trust and Servicing
Agreement may be amended from time to time by the Depositor, the Servicer, the Special Servicer, the Trustee, the Certificate Administrator
and the Operating Advisor, without the consent of any of the Certificateholders, in certain circumstances specified in the Trust
and Servicing Agreement. The Trust and Servicing Agreement may also be amended from time to time by the Depositor, the Servicer,
the Special Servicer, the Trustee, the Certificate Administrator and the Operating Advisor with the written consent of the Holders
of Certificates representing not less than 51% of the Percentage Interests of each Class of Certificates adversely affected by
the amendment (as evidenced by an Opinion of Counsel) for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Trust and Servicing Agreement or of modifying in any manner the rights of the Certificateholders;
provided, however, no such amendment shall (i) reduce in any manner the amount of, or delay the timing of, payments
received on the Mortgage Loan which are required to be distributed on any Certificate or to any Companion Loan Holder, (ii) alter
in any manner the liens on any Collateral securing payments on the Mortgage Loan; (iii) alter the obligations of the Servicer
or the Trustee to make an Advance or alter the Accepted Servicing Practices set forth in the Trust and Servicing Agreement, (iv) change
the percentages of Voting Rights or Percentage Interests of Certificateholders which are required to consent to any action or inaction
under the Trust and Servicing Agreement; (v) change in any manner the obligations or rights of the Loan Seller under the Trust
and Servicing Agreement or the Trust Loan Purchase Agreement without the consent of the Loan Seller; (vi) amend Section
11.1 of the Trust and Servicing Agreement; (vii) change in any manner the obligations or rights of any Initial Purchaser
without the consent of the affected Initial Purchaser; or (viii) adversely affect any Companion Loan Holder in its capacity as
such without its consent. In addition, the Trust and Servicing Agreement provides that (i) neither the Trustee nor the Certificate
Administrator shall consent to any amendment to the Trust and Servicing Agreement unless it shall have first been furnished with
an Opinion of Counsel to the effect that such amendment is authorized or permitted under the Trust and Servicing Agreement and
all conditions precedent to such amendment have been satisfied and (ii) no amendment shall be made to the Trust and Servicing
Agreement without the Trustee and the Certificate Administrator first receiving in writing an Opinion of Counsel (at the expense
of the party requesting the amendment) that the amendment will not result in the imposition of federal income tax on the Trust
or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC.

 

The Trust and Servicing
Agreement provides that the respective obligations and responsibilities of the Depositor, the Servicer, the Special Servicer, the
Trustee, the Certificate Administrator and the Operating Advisor created thereby (other than (x) the obligation to make

 

    Exhibit A-5-6

     

    

 

certain
remittances to the Companion Loan Holder(s) to the extent of any remaining funds and in accordance with the Co-Lender Agreement,
(y) the obligation of the Certificate Administrator to make certain payments to Certificateholders after the final Distribution
Date and to comply with all federal income tax reporting requirements and maintenance of books and records, and (z) the indemnification
rights and obligations of the parties thereto) shall terminate upon the last action required to be taken by the Certificate Administrator
on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement upon the later of (i) the final
payment on the Certificates and the Uncertificated Lower-Tier Interests or (ii) the liquidation of the Trust Loan (including,
without limitation, in connection with the sale of the Trust Loan pursuant to the Mezzanine Intercreditor Agreement or the Trust
and Servicing Agreement, as applicable) or the liquidation or abandonment of the Property and all other Collateral for the Trust
Loan, provided, however, that in no event shall the trust created by the Trust and Servicing Agreement continue beyond
the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Trust and Servicing Agreement.

 

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating
Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing Agreement or be
valid for any purpose.

 

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates
or the Mortgage Loan and has executed this Certificate in its limited capacity as Certificate Administrator under the Trust and
Servicing Agreement.

 

    Exhibit A-5-7

     

    

 

 

IN
WITNESS WHEREOF, the Certificate Administrator has caused this Certificate to be duly executed.

 

Dated: February 16, 2022

 

	 	COMPUTERSHARE
TRUST COMPANY, 

NATIONAL ASSOCIATION, 

not in its individual capacity but solely as 

Certificate
Administrator
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

Certificate
of Authentication

 

This
is one of the Class D  Certificates referred to in the Trust and Servicing Agreement.

 

Dated: February 16, 2022

 

	 	COMPUTERSHARE
TRUST COMPANY, 

NATIONAL ASSOCIATION, 

not in its individual capacity but solely as 

Authenticating
Agent
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

    Exhibit A-5-8

     

    

 

SCHEDULE
A

 

SCHEDULE
OF EXCHANGES

 

The
following payments of principal and exchanges of a part of this [Rule 144A Global Certificate][Temporary Regulation S Global Certificate][Regulation
S Global Certificate] have been made:

 

	Date
                                         of 

                                         Exchange or
                                         

                                         Payment of
                                         

                                         Principal 
	 	Certificate

Balance Prior

to Exchange or 

Payment 
	 	Certificate

Balance 

Exchanged or 

Principal 

Payment Made 
	 	Type
of 

Certificate 

Exchanged for 
	 	Remaining

Certificate 

Balance 

Following Such

Exchange or 

Payment 
	 	Notation
Made 

by 
	 
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-

 

    Exhibit A-5-9

     

    

 

ASSIGNMENT

 

FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.

 

I
(we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the
within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:

 

________________________________

 

________________________________

 

________________________________

 

Date:
__________________

 

		Signature
by or on behalf of Assignor(s):	 
	 	 	 
	 	 	 
	 	 	 
	 	Taxpayer Identification Number: _________

 

    Exhibit A-5-10

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
Assignee(s) should include the following for purposes of distribution:

 

Address
of the Assignee(s) for the purpose of receiving notices and distributions:

_____________________________________________________________________.

 

Distributions,
if being made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.

 

This
information is provided by _______________________________________ the Assignee(s) named above, or ________________________________________________
as its (their) agent.

 

	 	By:	 
	 	 	[Please print or type
                              name(s)]

 

		Title:	

 

		Taxpayer
Identification Number:

 

    Exhibit A-5-11

     

    

 

EXHIBIT
A-6

 

FORM
OF CLASS E CERTIFICATES

 

CLASS
E

 

[THIS
CERTIFICATE IS A TEMPORARY REGULATION S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY
INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.

 

NO
BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST
HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE TRUST AND SERVICING AGREEMENT.]1

 

[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]2

 

[TRANSFERS
OF THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]3

 

THIS
CERTIFICATE DOES NOT REPRESENT ANY INTEREST IN OR OBLIGATION OF THE DEPOSITOR, ANY INITIAL PURCHASER, THE LOAN SELLERS, THE ORIGINATORS,
THE SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE CERTIFICATE ADMINISTRATOR, THE OPERATING ADVISOR, THE BORROWER,

 

 

 

		1	Temporary
Regulation S Global Certificate legend.

 

		2	Legend
required as long as DTC is the Depository under the Trust and Servicing Agreement.

 

		3	Global
Certificate legend.

 

    Exhibit A-6-1

     

    

 

 THE BORROWER
SPONSOR OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN IS INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY, PRIVATE INSURER OR BY ANY OTHER PERSON.

 

PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.
ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE
SET FORTH BELOW.

 

THIS
CLASS E CERTIFICATE IS SUBORDINATED TO CERTAIN OTHER CLASSES OF CERTIFICATES OF THE SAME SERIES AS AND TO THE EXTENT SET FORTH
IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.

 

THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING
OF RULE 144A (A “QUALIFIED INSTITUTIONAL BUYER”), THAT IS PURCHASING FOR ITS OWN ACCOUNT OR IS PURCHASING FOR
THE ACCOUNT OF ANOTHER QUALIFIED INSTITUTIONAL BUYER, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER
TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTIONAL INVESTOR THAT IS A NON-“U.S. PERSON” IN AN
“OFFSHORE TRANSACTION” AS SUCH TERMS ARE DEFINED IN, AND IN ACCORDANCE WITH, RULE 903 OR RULE 904 OF REGULATION S
UNDER THE SECURITIES ACT, OR (3) TO ANOTHER INSTITUTIONAL INVESTOR THAT IS, OR IN WHICH EACH OF THE EQUITY OWNERS IS AN “ACCREDITED
INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT THAT IS NOT A QUALIFIED
INSTITUTIONAL BUYER, AND (B) IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE FEDERAL SECURITIES LAWS AND ANY APPLICABLE SECURITIES
LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL
LAW THAT IS, TO

 

    Exhibit A-6-2

     

    

 

 A MATERIAL EXTENT, SIMILAR TO SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAW”),
OR ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE, UNLESS (A)(I) SUCH
PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60,
AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 WILL BE MET WITH RESPECT TO SUCH
INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS CERTIFICATE, OR (B) WITH RESPECT TO THE
ACQUISITION, HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY PLAN SUBJECT TO SIMILAR LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION
BY SUCH PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION OF SIMILAR LAW.

 

TRANSFERS
OF THIS CERTIFICATE OR ANY INTEREST HEREIN ARE SUBJECT TO SUCH RESTRICTIONS, AND TO THE DELIVERY BY THE TRANSFEROR AND/OR THE
TRANSFEREE OF SUCH OPINIONS, CERTIFICATIONS AND/OR OTHER EVIDENCE OF COMPLIANCE WITH APPLICABLE LAW, AS ARE SET FORTH IN THE TRUST
AND SERVICING AGREEMENT REFERRED TO BELOW.

 

THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE CODE.

 

    Exhibit A-6-3

     

    

 

BWAY
COMMERCIAL MORTGAGE TRUST 2022-26BW

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-26BW, CLASS E

 

	Pass-Through
    Rate:  The Adjusted Net Mortgage Rate with respect to the Trust Loan1	 	 
	 	 	 
	First
    Distribution Date:  March 11, 2022	 	 
	 	 	 
	Aggregate
    Initial Certificate Balance of the Class E Certificates:  $27,000,000	 	Rated
    Final Distribution Date:

    February 2044
	 	 	 
	CUSIP:  12429EAL1

    ISIN:  US12429EAL112	 	Initial
    Certificate Balance of this

    Certificate:  $[_________]
	 	 	 
	CUSIP:
U1225DAF2

ISIN: USU1225DAF25 

        Common
        Code: 2447576773

         

        CUSIP:
12429EAM9

ISIN: US12429EAM934

No.: E-[  ]
	 	 

 

This
certifies that [Cede & Co.][_________] is the registered owner of the Percentage Interest evidenced by this Certificate in
the distributions to be made from a Trust Fund with respect to the Class E Certificates. The Trust Fund consists primarily of
multiple promissory notes evidencing a fixed rate interest-only commercial mortgage loan (the “Trust Loan”)
that is secured by certain Collateral held in trust by the Trustee (or the Custodian on its behalf). The Collateral also secures
the Companion Loans which are not assets of the Trust Fund. The Trust Loan and the Companion Loans are collectively referred to
as the “Mortgage Loan”. The Trust Fund was created, and the Mortgage Loan is to be serviced, pursuant to the
Trust and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents
to the terms, provisions and conditions of the Trust and Servicing Agreement and is bound thereby. Also issued under the Trust
and Servicing Agreement are the Class A, Class X, Class B, Class C, Class D, Class F, Class G, Class HRR and Class R Certificates
(collectively, with the Class E Certificates, the “Certificates”; the Holders of Certificates issued under
the Trust and Servicing Agreement are collectively referred to herein as “Certificateholders”).

 

This
Certificate is issued pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement, dated as of February
6, 2022 (the “Trust and Servicing Agreement”),

 

 

 

		1	The
approximate initial Pass-Through Rate as of the Closing Date is 4.86636% per annum.

 

		2	For
Certificate sold in reliance on Rule 144A only.

 

		3	For
Regulation S Global Certificate only.

 

		4	For
IAI Certificate only.

 

    Exhibit A-6-4

     

    

 

by and among BMO Commercial Mortgage Securities LLC, as Depositor,
KeyBank National Association, as Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee, Computershare
Trust Company, National Association, as Certificate Administrator, and Pentalpha Surveillance LLC, as Operating Advisor. To the
extent not defined herein, capitalized terms used herein shall have the respective meanings assigned thereto in the Trust and
Servicing Agreement.

 

Pursuant
to the terms of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 4th Business Day following
each Determination Date, commencing in March 2022 (each such date, a “Distribution Date”), to the Person in
whose name this Certificate is registered as of the close of business on the related Record Date, which will be the last Business
Day of the calendar month immediately preceding the calendar month in which such Distribution Date occurs (provided that, in the
event the Closing Date occurs in the same month as the first Distribution Date, the first Record Date shall be the Closing Date),
an amount equal to such Person’s pro rata share (based on the Percentage Interest represented by this Certificate)
of that portion of the aggregate amount of principal and interest and any Yield Maintenance Premium then distributable, if any,
with respect to the Class E Certificates for such Distribution Date, all as more fully described in the Trust and Servicing Agreement.
With respect to each Distribution Date, the Determination Date is the 6th day of the calendar month in which such Distribution
Date occurs, but if such 6th day is not a Business Day, the immediately succeeding Business Day, commencing in March 2022.

 

All
distributions will be made to the Persons entitled thereto by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity located in the United States and having appropriate facilities therefor provided
that the Certificate Administrator has received appropriate wire transfer instructions therefrom, or by check by first class
mail to the address set forth therefor in the Certificate Register if wiring instructions have not been received at least five
Business Days prior to the applicable Distribution Date. Notwithstanding the foregoing, the final distribution on each Certificate
shall be made in like manner, but only upon presentment and surrender of such Certificate at the location that is specified in
the notice to Certificateholders of such final distribution.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries in respect of the Notes,
as more specifically set forth herein and in the Trust and Servicing Agreement.

 

This
Certificate does not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing
Agreement for the interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights,
duties and immunities of the Trustee and the Certificate Administrator.

 

In
the event of a conflict or inconsistency between the terms of this Certificate and the Trust and Servicing Agreement, the terms
and conditions of the Trust and Servicing Agreement shall govern.

 

As
provided in the Trust and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for
registration of transfer of any Certificate, the

 

    Exhibit A-6-5

     

    

 

Certificate Registrar shall execute, authenticate and deliver, in the name of
the designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate interest
and of the same Class.

 

Prior
to due presentation of this Certificate for registration of transfer, the Servicer, the Special Servicer, the Trustee, the Certificate
Administrator, the Operating Advisor, the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator,
the Operating Advisor, the Servicer, the Special Servicer or the Certificate Registrar may treat the Person in whose name any
Certificate is registered as the owner of such Certificate for the purpose of receiving distributions as provided in the Trust
and Servicing Agreement and for all other purposes whatsoever, and none of the Servicer, the Special Servicer, the Trustee, the
Certificate Administrator, the Operating Advisor, the Certificate Registrar, or any agent of the Servicer, the Special Servicer,
the Trustee, the Certificate Administrator, the Operating Advisor or the Certificate Registrar shall be affected by any notice
to the contrary.

 

The
Trust and Servicing Agreement may be amended from time to time by the Depositor, the Servicer, the Special Servicer, the Trustee,
the Certificate Administrator and the Operating Advisor, without the consent of any of the Certificateholders, in certain circumstances
specified in the Trust and Servicing Agreement. The Trust and Servicing Agreement may also be amended from time to time by the
Depositor, the Servicer, the Special Servicer, the Trustee, the Certificate Administrator and the Operating Advisor with the written
consent of the Holders of Certificates representing not less than 51% of the Percentage Interests of each Class of Certificates
adversely affected by the amendment (as evidenced by an Opinion of Counsel) for the purpose of adding any provisions to or changing
in any manner or eliminating any of the provisions of the Trust and Servicing Agreement or of modifying in any manner the rights
of the Certificateholders; provided, however, no such amendment shall (i) reduce in any manner the amount of,
or delay the timing of, payments received on the Mortgage Loan which are required to be distributed on any Certificate or to any
Companion Loan Holder, (ii) alter in any manner the liens on any Collateral securing payments on the Mortgage Loan; (iii) alter
the obligations of the Servicer or the Trustee to make an Advance or alter the Accepted Servicing Practices set forth in the Trust
and Servicing Agreement, (iv) change the percentages of Voting Rights or Percentage Interests of Certificateholders which
are required to consent to any action or inaction under the Trust and Servicing Agreement; (v) change in any manner the obligations
or rights of the Loan Seller under the Trust and Servicing Agreement or the Trust Loan Purchase Agreement without the consent
of the Loan Seller; (vi) amend Section 11.1 of the Trust and Servicing Agreement; (vii) change in any manner
the obligations or rights of any Initial Purchaser without the consent of the affected Initial Purchaser; or (viii) adversely
affect any Companion Loan Holder in its capacity as such without its consent. In addition, the Trust and Servicing Agreement provides
that (i) neither the Trustee nor the Certificate Administrator shall consent to any amendment to the Trust and Servicing
Agreement unless it shall have first been furnished with an Opinion of Counsel to the effect that such amendment is authorized
or permitted under the Trust and Servicing Agreement and all conditions precedent to such amendment have been satisfied and (ii) no
amendment shall be made to the Trust and Servicing Agreement without the Trustee and the Certificate Administrator first receiving
in writing an Opinion of Counsel (at the expense of the party requesting the amendment) that the amendment will not result in
the imposition of federal income tax on the Trust or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify
as a REMIC.

 

    Exhibit A-6-6

     

    

 

The
Trust and Servicing Agreement provides that the respective obligations and responsibilities of the Depositor, the Servicer, the
Special Servicer, the Trustee, the Certificate Administrator and the Operating Advisor created thereby (other than (x) the obligation
to make certain remittances to the Companion Loan Holder(s) to the extent of any remaining funds and in accordance with the Co-Lender
Agreement, (y) the obligation of the Certificate Administrator to make certain payments to Certificateholders after the final
Distribution Date and to comply with all federal income tax reporting requirements and maintenance of books and records, and (z)
the indemnification rights and obligations of the parties thereto) shall terminate upon the last action required to be taken by
the Certificate Administrator on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement upon
the later of (i) the final payment on the Certificates and the Uncertificated Lower-Tier Interests or (ii) the liquidation
of the Trust Loan (including, without limitation, in connection with the sale of the Trust Loan pursuant to the Mezzanine Intercreditor
Agreement or the Trust and Servicing Agreement, as applicable) or the liquidation or abandonment of the Property and all other
Collateral for the Trust Loan, provided, however, that in no event shall the trust created by the Trust and Servicing
Agreement continue beyond the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph
P. Kennedy, the late ambassador of the United States to the United Kingdom, living on the date of the Trust and Servicing Agreement.

 

Unless
the Certificate of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the
Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing
Agreement or be valid for any purpose.

 

The
Certificate Administrator makes no representation or warranty as to any of the statements contained herein or the validity or
sufficiency of the Certificates or the Mortgage Loan and has executed this Certificate in its limited capacity as Certificate
Administrator under the Trust and Servicing Agreement.

 

    Exhibit A-6-7

     

    

 

IN
WITNESS WHEREOF, the Certificate Administrator has caused this Certificate to be duly executed.

 

Dated: February 16, 2022

 

	 	COMPUTERSHARE
               TRUST COMPANY, 
 NATIONAL
               ASSOCIATION, 
 not in its individual capacity but solely as 
 Certificate Administrator
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

Certificate
of Authentication

 

This
is one of the Class E Certificates referred to in the Trust and Servicing Agreement.

 

Dated: February 16, 2022

 

	 	COMPUTERSHARE
                                         TRUST COMPANY, 

                                         NATIONAL ASSOCIATION, 

                                         not in its individual capacity but solely as 

                                         Authenticating Agent
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

    Exhibit A-6-8

     

    

 

SCHEDULE
A

 

SCHEDULE
OF EXCHANGES

 

The
following payments of principal and exchanges of a part of this [Rule 144A Global Certificate] [Temporary Regulation S Global
Certificate] [Regulation S Global Certificate] have been made:

 

	Date
                                         of 

                                         Exchange or
                                         

                                         Payment of
                                         

                                         Principal 
	 	Certificate
                                         

                                         Balance Prior
                                         

                                         to Exchange
                                         or 

                                         Payment 
	 	Certificate
                                         

                                         Balance 

                                         Exchanged or
                                         

                                         Principal 

                                         Payment Made 
	 	Type
                                         of 

                                         Certificate
                                         

                                         Exchanged for 
	 	Remaining
                                         

                                         Certificate
                                         

                                         Balance 

                                         Following Such

                                         Exchange or
                                         

                                         Payment 
	 	Notation
                                         Made 

                                         by 
	 
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-

 

    Exhibit A-6-9

     

    

 

ASSIGNMENT

 

FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.

 

I
(we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the
within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:

 

________________________________

 

________________________________

 

________________________________

 

Date:
__________________

 

		Signature
by or on behalf of
 Assignor(s):	 
	 	 	 
	 	 	 
	 	 	 
	 	Taxpayer Identification Number: _________

 

    Exhibit A-6-10

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
Assignee(s) should include the following for purposes of distribution:

 

Address
of the Assignee(s) for the purpose of receiving notices and distributions:

_____________________________________________________________________.

 

Distributions,
if being made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.

 

This
information is provided by _______________________________________ the Assignee(s) named above, or ________________________________________________
as its (their) agent.

 

	 	By:	 
	 	 	[Please print or type
                              name(s)]

 

		Title:	

 

		Taxpayer
Identification Number: 

 

    Exhibit A-6-11

     

    

 

EXHIBIT
A-7

 

FORM
OF CLASS F CERTIFICATES

 

CLASS
F

 

[THIS
CERTIFICATE IS A TEMPORARY REGULATION S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY
INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.

 

NO
BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST
HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE TRUST AND SERVICING AGREEMENT.]1

 

[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]2

 

[TRANSFERS
OF THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]3

 

THIS
CERTIFICATE DOES NOT REPRESENT ANY INTEREST IN OR OBLIGATION OF THE DEPOSITOR, ANY INITIAL PURCHASER, THE LOAN SELLERS, THE ORIGINATORS,
THE SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE CERTIFICATE ADMINISTRATOR, THE OPERATING ADVISOR, THE BORROWER,

 

 

 

		1	Temporary
Regulation S Global Certificate legend.

 

		2	Legend
required as long as DTC is the Depository under the Trust and Servicing Agreement.

 

		3	Global
Certificate legend.

 

    Exhibit A-7-1

     

    

 

 THE BORROWER
SPONSOR OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN IS INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY, PRIVATE INSURER OR BY ANY OTHER PERSON.

 

PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.
ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE
SET FORTH BELOW.

 

THIS
CLASS F CERTIFICATE IS SUBORDINATED TO CERTAIN OTHER CLASSES OF CERTIFICATES OF THE SAME SERIES AS AND TO THE EXTENT SET FORTH
IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.

 

THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING
OF RULE 144A (A “QUALIFIED INSTITUTIONAL BUYER”), THAT IS PURCHASING FOR ITS OWN ACCOUNT OR IS PURCHASING FOR
THE ACCOUNT OF ANOTHER QUALIFIED INSTITUTIONAL BUYER, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER
TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTIONAL INVESTOR THAT IS A NON-“U.S. PERSON” IN AN
“OFFSHORE TRANSACTION” AS SUCH TERMS ARE DEFINED IN, AND IN ACCORDANCE WITH, RULE 903 OR RULE 904 OF REGULATION S
UNDER THE SECURITIES ACT, OR (3) TO ANOTHER INSTITUTIONAL INVESTOR THAT IS, OR IN WHICH EACH OF THE EQUITY OWNERS IS AN “ACCREDITED
INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT THAT IS NOT A QUALIFIED
INSTITUTIONAL BUYER, AND (B) IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE FEDERAL SECURITIES LAWS AND ANY APPLICABLE SECURITIES
LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL
LAW THAT IS, TO

 

    Exhibit A-7-2

     

    

 

 A MATERIAL EXTENT, SIMILAR TO SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAW”),
OR ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE, UNLESS (A)(I) SUCH
PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60,
AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 WILL BE MET WITH RESPECT TO SUCH
INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS CERTIFICATE, OR (B) WITH RESPECT TO THE
ACQUISITION, HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY PLAN SUBJECT TO SIMILAR LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION
BY SUCH PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION OF SIMILAR LAW.

 

TRANSFERS
OF THIS CERTIFICATE OR ANY INTEREST HEREIN ARE SUBJECT TO SUCH RESTRICTIONS, AND TO THE DELIVERY BY THE TRANSFEROR AND/OR THE
TRANSFEREE OF SUCH OPINIONS, CERTIFICATIONS AND/OR OTHER EVIDENCE OF COMPLIANCE WITH APPLICABLE LAW, AS ARE SET FORTH IN THE TRUST
AND SERVICING AGREEMENT REFERRED TO BELOW.

 

THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE CODE.

 

    Exhibit A-7-3

     

    

 

BWAY
COMMERCIAL MORTGAGE TRUST 2022-26BW

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-26BW, CLASS F

 

	Pass-Through
    Rate:  The Adjusted Net Mortgage Rate with respect to the Trust Loan1	 	 
	 	 	 
	First
    Distribution Date:  March 11, 2022	 	 
	 	 	 
	Aggregate
    Initial Certificate Balance of the Class F Certificates:  $41,700,000	 	Rated
    Final Distribution Date:

    February 2044
	 	 	 
	CUSIP:  12429EAN7

    ISIN:  US12429EAN762	 	Initial
    Certificate Balance of this

    Certificate:  $[_________]
	 	 	 
	CUSIP:
U1225DAG0

ISIN: USU1225DAG08

        Common
        Code: 2447576853

         

        CUSIP:
12429EAP2

ISIN: US12429EAP254

No.: F-[ ]
	 	 

 

This
certifies that [Cede & Co.][_________] is the registered owner of the Percentage Interest evidenced by this Certificate in
the distributions to be made from a Trust Fund with respect to the Class F Certificates. The Trust Fund consists primarily of
multiple promissory notes evidencing a fixed rate interest-only commercial mortgage loan (the “Trust Loan”)
that is secured by certain Collateral held in trust by the Trustee (or the Custodian on its behalf). The Collateral also secures
the Companion Loans which are not assets of the Trust Fund. The Trust Loan and the Companion Loans are collectively referred to
as the “Mortgage Loan”. The Trust Fund was created, and the Mortgage Loan is to be serviced, pursuant to the
Trust and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents
to the terms, provisions and conditions of the Trust and Servicing Agreement and is bound thereby. Also issued under the Trust
and Servicing Agreement are the Class A, Class X, Class B, Class C, Class D, Class E, Class G, Class HRR and Class R Certificates
(collectively, with the Class F Certificates, the “Certificates”; the Holders of Certificates issued under
the Trust and Servicing Agreement are collectively referred to herein as “Certificateholders”).

 

This
Certificate is issued pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement, dated as of February
6, 2022 (the “Trust and Servicing Agreement”),

 

 

 

		1	The
approximate initial Pass-Through Rate as of the Closing Date is 4.86636% per annum.

 

		2	For
Certificate sold in reliance on Rule 144A only.

 

		3	For
Regulation S Global Certificate only.

 

		4	For
IAI Certificate only.

 

    Exhibit A-7-4

     

    

 

by and among BMO Commercial Mortgage Securities LLC, as Depositor,
KeyBank National Association, as Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee, Computershare
Trust Company, National Association, as Certificate Administrator, and Pentalpha Surveillance LLC, as Operating Advisor. To the
extent not defined herein, capitalized terms used herein shall have the respective meanings assigned thereto in the Trust and
Servicing Agreement.

 

Pursuant
to the terms of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 4th Business Day following
each Determination Date, commencing in March 2022 (each such date, a “Distribution Date”), to the Person in
whose name this Certificate is registered as of the close of business on the related Record Date, which will be the last Business
Day of the calendar month immediately preceding the calendar month in which such Distribution Date occurs (provided that, in the
event the Closing Date occurs in the same month as the first Distribution Date, the first Record Date shall be the Closing Date),
an amount equal to such Person’s pro rata share (based on the Percentage Interest represented by this Certificate)
of that portion of the aggregate amount of principal and interest and any Yield Maintenance Premium then distributable, if any,
with respect to the Class F Certificates for such Distribution Date, all as more fully described in the Trust and Servicing Agreement.
With respect to each Distribution Date, the Determination Date is the 6th day of the calendar month in which such Distribution
Date occurs, but if such 6th day is not a Business Day, the immediately succeeding Business Day, commencing in March 2022.

 

All
distributions will be made to the Persons entitled thereto by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity located in the United States and having appropriate facilities therefor provided
that the Certificate Administrator has received appropriate wire transfer instructions therefrom, or by check by first class
mail to the address set forth therefor in the Certificate Register if wiring instructions have not been received at least five
Business Days prior to the applicable Distribution Date. Notwithstanding the foregoing, the final distribution on each Certificate
shall be made in like manner, but only upon presentment and surrender of such Certificate at the location that is specified in
the notice to Certificateholders of such final distribution.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries in respect of the Notes,
as more specifically set forth herein and in the Trust and Servicing Agreement.

 

This
Certificate does not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing
Agreement for the interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights,
duties and immunities of the Trustee and the Certificate Administrator.

 

In
the event of a conflict or inconsistency between the terms of this Certificate and the Trust and Servicing Agreement, the terms
and conditions of the Trust and Servicing Agreement shall govern.

 

As
provided in the Trust and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for
registration of transfer of any Certificate, the

 

    Exhibit A-7-5

     

    

 

Certificate Registrar shall execute, authenticate and deliver, in the name of
the designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate interest
and of the same Class.

 

Prior
to due presentation of this Certificate for registration of transfer, the Servicer, the Special Servicer, the Trustee, the Certificate
Administrator, the Operating Advisor, the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator,
the Operating Advisor, the Servicer, the Special Servicer or the Certificate Registrar may treat the Person in whose name any
Certificate is registered as the owner of such Certificate for the purpose of receiving distributions as provided in the Trust
and Servicing Agreement and for all other purposes whatsoever, and none of the Servicer, the Special Servicer, the Trustee, the
Certificate Administrator, the Operating Advisor, the Certificate Registrar, or any agent of the Servicer, the Special Servicer,
the Trustee, the Certificate Administrator, the Operating Advisor or the Certificate Registrar shall be affected by any notice
to the contrary.

 

The
Trust and Servicing Agreement may be amended from time to time by the Depositor, the Servicer, the Special Servicer, the Trustee,
the Certificate Administrator and the Operating Advisor, without the consent of any of the Certificateholders, in certain circumstances
specified in the Trust and Servicing Agreement. The Trust and Servicing Agreement may also be amended from time to time by the
Depositor, the Servicer, the Special Servicer, the Trustee, the Certificate Administrator and the Operating Advisor with the written
consent of the Holders of Certificates representing not less than 51% of the Percentage Interests of each Class of Certificates
adversely affected by the amendment (as evidenced by an Opinion of Counsel) for the purpose of adding any provisions to or changing
in any manner or eliminating any of the provisions of the Trust and Servicing Agreement or of modifying in any manner the rights
of the Certificateholders; provided, however, no such amendment shall (i) reduce in any manner the amount of,
or delay the timing of, payments received on the Mortgage Loan which are required to be distributed on any Certificate or to any
Companion Loan Holder, (ii) alter in any manner the liens on any Collateral securing payments on the Mortgage Loan; (iii) alter
the obligations of the Servicer or the Trustee to make an Advance or alter the Accepted Servicing Practices set forth in the Trust
and Servicing Agreement, (iv) change the percentages of Voting Rights or Percentage Interests of Certificateholders which
are required to consent to any action or inaction under the Trust and Servicing Agreement; (v) change in any manner the obligations
or rights of the Loan Seller under the Trust and Servicing Agreement or the Trust Loan Purchase Agreement without the consent
of the Loan Seller; (vi) amend Section 11.1 of the Trust and Servicing Agreement; (vii) change in any manner
the obligations or rights of any Initial Purchaser without the consent of the affected Initial Purchaser; or (viii) adversely
affect any Companion Loan Holder in its capacity as such without its consent. In addition, the Trust and Servicing Agreement provides
that (i) neither the Trustee nor the Certificate Administrator shall consent to any amendment to the Trust and Servicing
Agreement unless it shall have first been furnished with an Opinion of Counsel to the effect that such amendment is authorized
or permitted under the Trust and Servicing Agreement and all conditions precedent to such amendment have been satisfied and (ii) no
amendment shall be made to the Trust and Servicing Agreement without the Trustee and the Certificate Administrator first receiving
in writing an Opinion of Counsel (at the expense of the party requesting the amendment) that the amendment will not result in
the imposition of federal income tax on the Trust or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify
as a REMIC.

 

    Exhibit A-7-6

     

    

 

The
Trust and Servicing Agreement provides that the respective obligations and responsibilities of the Depositor, the Servicer, the
Special Servicer, the Trustee, the Certificate Administrator and the Operating Advisor created thereby (other than (x) the obligation
to make certain remittances to the Companion Loan Holder(s) to the extent of any remaining funds and in accordance with the Co-Lender
Agreement, (y) the obligation of the Certificate Administrator to make certain payments to Certificateholders after the final
Distribution Date and to comply with all federal income tax reporting requirements and maintenance of books and records, and (z)
the indemnification rights and obligations of the parties thereto) shall terminate upon the last action required to be taken by
the Certificate Administrator on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement upon
the later of (i) the final payment on the Certificates and the Uncertificated Lower-Tier Interests or (ii) the liquidation
of the Trust Loan (including, without limitation, in connection with the sale of the Trust Loan pursuant to the Mezzanine Intercreditor
Agreement or the Trust and Servicing Agreement, as applicable) or the liquidation or abandonment of the Property and all other
Collateral for the Trust Loan, provided, however, that in no event shall the trust created by the Trust and Servicing
Agreement continue beyond the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph
P. Kennedy, the late ambassador of the United States to the United Kingdom, living on the date of the Trust and Servicing Agreement.

 

Unless
the Certificate of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the
Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing
Agreement or be valid for any purpose.

 

The
Certificate Administrator makes no representation or warranty as to any of the statements contained herein or the validity or
sufficiency of the Certificates or the Mortgage Loan and has executed this Certificate in its limited capacity as Certificate
Administrator under the Trust and Servicing Agreement.

 

    Exhibit A-7-7

     

    

 

IN
WITNESS WHEREOF, the Certificate Administrator has caused this Certificate to be duly executed.

 

Dated: February 16, 2022

 

	 	COMPUTERSHARE
               TRUST COMPANY, 
 NATIONAL
               ASSOCIATION, 
 not in its individual capacity but solely as 
 Certificate Administrator
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

Certificate
of Authentication

 

This
is one of the Class F Certificates referred to in the Trust and Servicing Agreement.

 

Dated: February 16, 2022

 

	 	COMPUTERSHARE
                                         TRUST COMPANY, 

                                         NATIONAL ASSOCIATION, 

                                         not in its individual capacity but solely as 

                                         Authenticating Agent
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

    Exhibit A-7-8

     

    

 

SCHEDULE
A

 

SCHEDULE
OF EXCHANGES

 

The
following payments of principal and exchanges of a part of this [Rule 144A Global Certificate] [Temporary Regulation S
Global Certificate] [Regulation S Global Certificate] have been made:

 

	Date
                                         of 

                                         Exchange or
                                         

                                         Payment of
                                         

                                         Principal 
	 	Certificate
                                         

                                         Balance Prior
                                         

                                         to Exchange
                                         or 

                                         Payment 
	 	Certificate
                                         

                                         Balance 

                                         Exchanged or
                                         

                                         Principal 

                                         Payment Made 
	 	Type
                                         of 

                                         Certificate
                                         

                                         Exchanged for 
	 	Remaining
                                         

                                         Certificate
                                         

                                         Balance 

                                         Following Such

                                         Exchange or
                                         

                                         Payment 
	 	Notation
                                         Made 

                                         by 
	 
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-

 

    Exhibit A-7-9

     

    

 

ASSIGNMENT

 

FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.

 

I
(we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the
within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:

 

________________________________

 

________________________________

 

________________________________

 

Date:
__________________

 

		Signature
by or on behalf of
 Assignor(s):	 
	 	 	 
	 	 	 
	 	 	 
	 	Taxpayer Identification Number: _________

 

    Exhibit A-7-10

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
Assignee(s) should include the following for purposes of distribution:

 

Address
of the Assignee(s) for the purpose of receiving notices and distributions:

_____________________________________________________________________.

 

Distributions,
if being made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.

 

This
information is provided by _______________________________________ the Assignee(s) named above, or ________________________________________________
as its (their) agent.

 

	 	By:	 
	 	 	[Please print or type
                              name(s)]

 

		Title:	

 

		Taxpayer
Identification Number: 

 

    Exhibit A-7-11

     

    

  

EXHIBIT
A-8

 

FORM
OF CLASS G CERTIFICATES

 

CLASS
G

 

[THIS
CERTIFICATE IS A TEMPORARY REGULATION S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY
INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.

 

NO
BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST
HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE TRUST AND SERVICING AGREEMENT.]1

 

[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]2

 

[TRANSFERS
OF THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]3

 

THIS
CERTIFICATE DOES NOT REPRESENT ANY INTEREST IN OR OBLIGATION OF THE DEPOSITOR, ANY INITIAL PURCHASER, THE LOAN SELLERS, THE ORIGINATORS,
THE SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE CERTIFICATE ADMINISTRATOR, THE OPERATING ADVISOR, THE BORROWER,

 

 

 

		1	Temporary
Regulation S Global Certificate legend.

 

		2	Legend
required as long as DTC is the Depository under the Trust and Servicing Agreement.

 

		3	Global
Certificate legend.

 

    Exhibit A-8-1

     

    

 

 THE BORROWER
SPONSOR OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN IS INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY, PRIVATE INSURER OR BY ANY OTHER PERSON.

 

PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.
ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE
SET FORTH BELOW.

 

THIS
CLASS G CERTIFICATE IS SUBORDINATED TO CERTAIN OTHER CLASSES OF CERTIFICATES OF THE SAME SERIES AS AND TO THE EXTENT SET FORTH
IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.

 

THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING
OF RULE 144A (A “QUALIFIED INSTITUTIONAL BUYER”), THAT IS PURCHASING FOR ITS OWN ACCOUNT OR IS PURCHASING FOR
THE ACCOUNT OF ANOTHER QUALIFIED INSTITUTIONAL BUYER, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER
TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTIONAL INVESTOR THAT IS A NON-“U.S. PERSON” IN AN
“OFFSHORE TRANSACTION” AS SUCH TERMS ARE DEFINED IN, AND IN ACCORDANCE WITH, RULE 903 OR RULE 904 OF REGULATION S
UNDER THE SECURITIES ACT, OR (3) TO ANOTHER INSTITUTIONAL INVESTOR THAT IS, OR IN WHICH EACH OF THE EQUITY OWNERS IS AN “ACCREDITED
INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT THAT IS NOT A QUALIFIED
INSTITUTIONAL BUYER, AND (B) IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE FEDERAL SECURITIES LAWS AND ANY APPLICABLE SECURITIES
LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL
LAW THAT IS, TO

 

    Exhibit A-8-2

     

    

 

 A MATERIAL EXTENT, SIMILAR TO SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAW”),
OR ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE, UNLESS (A)(I) SUCH
PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60,
AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 WILL BE MET WITH RESPECT TO SUCH
INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS CERTIFICATE, OR (B) WITH RESPECT TO THE
ACQUISITION, HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY PLAN SUBJECT TO SIMILAR LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION
BY SUCH PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION OF SIMILAR LAW

 

TRANSFERS
OF THIS CERTIFICATE OR ANY INTEREST HEREIN ARE SUBJECT TO SUCH RESTRICTIONS, AND TO THE DELIVERY BY THE TRANSFEROR AND/OR THE
TRANSFEREE OF SUCH OPINIONS, CERTIFICATIONS AND/OR OTHER EVIDENCE OF COMPLIANCE WITH APPLICABLE LAW, AS ARE SET FORTH IN THE TRUST
AND SERVICING AGREEMENT REFERRED TO BELOW.

 

THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE CODE.

 

    Exhibit A-8-3

     

    

 

BWAY
COMMERCIAL MORTGAGE TRUST 2022-26BW

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-26BW, CLASS G

 

	Pass-Through
    Rate: The Adjusted Net Mortgage Rate with respect to the Trust Loan1	 	 
	 	 	 
	First
    Distribution Date:  March 11, 2022	 	 
	 	 	 
	Aggregate
    Initial Certificate Balance of the Class G Certificates:  $45,150,000	 	Rated
    Final Distribution Date:

    N/A
	 	 	 
	CUSIP:  12429EAQ0

    ISIN:  US12429EAQ082	 	Initial
    Certificate Balance of this

    Certificate:  $[_________]
	 	 	 
	CUSIP:
U1225DAH8

ISIN: USU1225DAH80

        Common
        Code: 2447576933

         

        CUSIP:
12429EAR8

ISIN: US12429EAR804

No.: G-[ ]
	 	 

 

This
certifies that [Cede & Co.][_________] is the registered owner of the Percentage Interest evidenced by this Certificate in
the distributions to be made from a Trust Fund with respect to the Class G Certificates. The Trust Fund consists primarily of
multiple promissory notes evidencing a fixed rate interest-only commercial mortgage loan (the “Trust Loan”)
that is secured by certain Collateral held in trust by the Trustee (or the Custodian on its behalf). The Collateral also secures
the Companion Loans which are not assets of the Trust Fund. The Trust Loan and the Companion Loans are collectively referred to
as the “Mortgage Loan”. The Trust Fund was created, and the Mortgage Loan is to be serviced, pursuant to the
Trust and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents
to the terms, provisions and conditions of the Trust and Servicing Agreement and is bound thereby. Also issued under the Trust
and Servicing Agreement are the Class A, Class X, Class B, Class C, Class D, Class E, Class F, Class HRR and Class R Certificates
(collectively, with the Class G Certificates, the “Certificates”; the Holders of Certificates issued under
the Trust and Servicing Agreement are collectively referred to herein as “Certificateholders”).

 

This
Certificate is issued pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement, dated as of February
6, 2022 (the “Trust and Servicing Agreement”),

 

 

 

		1	The
approximate initial Pass-Through Rate as of the Closing Date is 4.86636% per annum.

 

		2	For
Certificate sold in reliance on Rule 144A only.

 

		3	For
Regulation S Global Certificate only.

 

		4	For
IAI Certificate only.

 

    Exhibit A-8-4

     

    

 

by and among BMO Commercial Mortgage Securities LLC, as Depositor,
KeyBank National Association, as Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee, Computershare
Trust Company, National Association, as Certificate Administrator, and Pentalpha Surveillance LLC, as Operating Advisor. To the
extent not defined herein, capitalized terms used herein shall have the respective meanings assigned thereto in the Trust and
Servicing Agreement.

 

Pursuant
to the terms of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 4th Business Day following
each Determination Date, commencing in March 2022 (each such date, a “Distribution Date”), to the Person in
whose name this Certificate is registered as of the close of business on the related Record Date, which will be the last Business
Day of the calendar month immediately preceding the calendar month in which such Distribution Date occurs (provided that, in the
event the Closing Date occurs in the same month as the first Distribution Date, the first Record Date shall be the Closing Date),
an amount equal to such Person’s pro rata share (based on the Percentage Interest represented by this Certificate)
of that portion of the aggregate amount of principal and interest and any Yield Maintenance Premium then distributable, if any,
with respect to the Class G Certificates for such Distribution Date, all as more fully described in the Trust and Servicing Agreement.
With respect to each Distribution Date, the Determination Date is the 6th day of the calendar month in which such Distribution
Date occurs, but if such 6th day is not a Business Day, the immediately succeeding Business Day, commencing in March 2022.

 

All
distributions will be made to the Persons entitled thereto by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity located in the United States and having appropriate facilities therefor provided
that the Certificate Administrator has received appropriate wire transfer instructions therefrom, or by check by first class
mail to the address set forth therefor in the Certificate Register if wiring instructions have not been received at least five
Business Days prior to the applicable Distribution Date. Notwithstanding the foregoing, the final distribution on each Certificate
shall be made in like manner, but only upon presentment and surrender of such Certificate at the location that is specified in
the notice to Certificateholders of such final distribution.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries in respect of the Notes,
as more specifically set forth herein and in the Trust and Servicing Agreement.

 

This
Certificate does not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing
Agreement for the interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights,
duties and immunities of the Trustee and the Certificate Administrator.

 

In
the event of a conflict or inconsistency between the terms of this Certificate and the Trust and Servicing Agreement, the terms
and conditions of the Trust and Servicing Agreement shall govern.

 

As
provided in the Trust and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for
registration of transfer of any Certificate, the

 

    Exhibit A-8-5

     

    

 

Certificate Registrar shall execute, authenticate and deliver, in the name of
the designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate interest
and of the same Class.

 

Prior
to due presentation of this Certificate for registration of transfer, the Servicer, the Special Servicer, the Trustee, the Certificate
Administrator, the Operating Advisor, the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator,
the Operating Advisor, the Servicer, the Special Servicer or the Certificate Registrar may treat the Person in whose name any
Certificate is registered as the owner of such Certificate for the purpose of receiving distributions as provided in the Trust
and Servicing Agreement and for all other purposes whatsoever, and none of the Servicer, the Special Servicer, the Trustee, the
Certificate Administrator, the Operating Advisor, the Certificate Registrar, or any agent of the Servicer, the Special Servicer,
the Trustee, the Certificate Administrator, the Operating Advisor or the Certificate Registrar shall be affected by any notice
to the contrary.

 

The
Trust and Servicing Agreement may be amended from time to time by the Depositor, the Servicer, the Special Servicer, the Trustee,
the Certificate Administrator and the Operating Advisor, without the consent of any of the Certificateholders, in certain circumstances
specified in the Trust and Servicing Agreement. The Trust and Servicing Agreement may also be amended from time to time by the
Depositor, the Servicer, the Special Servicer, the Trustee, the Certificate Administrator and the Operating Advisor with the written
consent of the Holders of Certificates representing not less than 51% of the Percentage Interests of each Class of Certificates
adversely affected by the amendment (as evidenced by an Opinion of Counsel) for the purpose of adding any provisions to or changing
in any manner or eliminating any of the provisions of the Trust and Servicing Agreement or of modifying in any manner the rights
of the Certificateholders; provided, however, no such amendment shall (i) reduce in any manner the amount of,
or delay the timing of, payments received on the Mortgage Loan which are required to be distributed on any Certificate or to any
Companion Loan Holder, (ii) alter in any manner the liens on any Collateral securing payments on the Mortgage Loan; (iii) alter
the obligations of the Servicer or the Trustee to make an Advance or alter the Accepted Servicing Practices set forth in the Trust
and Servicing Agreement, (iv) change the percentages of Voting Rights or Percentage Interests of Certificateholders which
are required to consent to any action or inaction under the Trust and Servicing Agreement; (v) change in any manner the obligations
or rights of the Loan Seller under the Trust and Servicing Agreement or the Trust Loan Purchase Agreement without the consent
of the Loan Seller; (vi) amend Section 11.1 of the Trust and Servicing Agreement; (vii) change in any manner
the obligations or rights of any Initial Purchaser without the consent of the affected Initial Purchaser; or (viii) adversely
affect any Companion Loan Holder in its capacity as such without its consent. In addition, the Trust and Servicing Agreement provides
that (i) neither the Trustee nor the Certificate Administrator shall consent to any amendment to the Trust and Servicing
Agreement unless it shall have first been furnished with an Opinion of Counsel to the effect that such amendment is authorized
or permitted under the Trust and Servicing Agreement and all conditions precedent to such amendment have been satisfied and (ii) no
amendment shall be made to the Trust and Servicing Agreement without the Trustee and the Certificate Administrator first receiving
in writing an Opinion of Counsel (at the expense of the party requesting the amendment) that the amendment will not result in
the imposition of federal income tax on the Trust or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify
as a REMIC.

 

    Exhibit A-8-6

     

    

 

The
Trust and Servicing Agreement provides that the respective obligations and responsibilities of the Depositor, the Servicer, the
Special Servicer, the Trustee, the Certificate Administrator and the Operating Advisor created thereby (other than (x) the obligation
to make certain remittances to the Companion Loan Holder(s) to the extent of any remaining funds and in accordance with the Co-Lender
Agreement, (y) the obligation of the Certificate Administrator to make certain payments to Certificateholders after the final
Distribution Date and to comply with all federal income tax reporting requirements and maintenance of books and records, and (z)
the indemnification rights and obligations of the parties thereto) shall terminate upon the last action required to be taken by
the Certificate Administrator on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement upon
the later of (i) the final payment on the Certificates and the Uncertificated Lower-Tier Interests or (ii) the liquidation
of the Trust Loan (including, without limitation, in connection with the sale of the Trust Loan pursuant to the Mezzanine Intercreditor
Agreement or the Trust and Servicing Agreement, as applicable) or the liquidation or abandonment of the Property and all other
Collateral for the Trust Loan, provided, however, that in no event shall the trust created by the Trust and Servicing
Agreement continue beyond the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph
P. Kennedy, the late ambassador of the United States to the United Kingdom, living on the date of the Trust and Servicing Agreement.

 

Unless
the Certificate of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the
Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing
Agreement or be valid for any purpose.

 

The
Certificate Administrator makes no representation or warranty as to any of the statements contained herein or the validity or
sufficiency of the Certificates or the Mortgage Loan and has executed this Certificate in its limited capacity as Certificate
Administrator under the Trust and Servicing Agreement.

 

    Exhibit A-8-7

     

    

 

IN
WITNESS WHEREOF, the Certificate Administrator has caused this Certificate to be duly executed.

 

Dated: February 16, 2022

 

	 	COMPUTERSHARE
               TRUST COMPANY, 
 NATIONAL
               ASSOCIATION, 
 not in its individual capacity but solely as 
 Certificate Administrator
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

Certificate
of Authentication

 

This
is one of the Class G Certificates referred to in the Trust and Servicing Agreement.

 

Dated: February 16, 2022

 

	 	COMPUTERSHARE
                                         TRUST COMPANY, 

                                         NATIONAL ASSOCIATION, 

                                         not in its individual capacity but solely as 

                                         Authenticating Agent
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

    Exhibit A-8-8

     

    

 

SCHEDULE
A

 

SCHEDULE
OF EXCHANGES

 

The
following payments of principal and exchanges of a part of this [Rule 144A Global Certificate] [Temporary Regulation S Global
Certificate] [Regulation S Global Certificate] have been made:

 

	Date
                                         of 

                                         Exchange or
                                         

                                         Payment of
                                         

                                         Principal 
	 	Certificate
                                         

                                         Balance Prior
                                         

                                         to Exchange
                                         or 

                                         Payment 
	 	Certificate
                                         

                                         Balance 

                                         Exchanged or
                                         

                                         Principal 

                                         Payment Made 
	 	Type
                                         of 

                                         Certificate
                                         

                                         Exchanged for 
	 	Remaining
                                         

                                         Certificate
                                         

                                         Balance 

                                         Following Such

                                         Exchange or
                                         

                                         Payment 
	 	Notation
                                         Made 

                                         by 
	 
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-

 

 

    Exhibit A-8-9

     

    

 

ASSIGNMENT

 

FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.

 

I
(we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the
within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:

 

________________________________

 

________________________________

 

________________________________

 

Date:
__________________

 

		Signature
by or on behalf of
 Assignor(s):	 
	 	 	 
	 	 	 
	 	 	 
	 	Taxpayer Identification Number: _________

 

    Exhibit A-8-10

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
Assignee(s) should include the following for purposes of distribution:

 

Address
of the Assignee(s) for the purpose of receiving notices and distributions:

_____________________________________________________________________.

 

Distributions,
if being made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.

 

This
information is provided by _______________________________________ the Assignee(s) named above, or ________________________________________________
as its (their) agent.

 

	 	By:	 
	 	 	[Please print or type
                              name(s)]

 

		Title:	

 

		Taxpayer
Identification Number: 

 

    Exhibit A-8-11

     

    

 

EXHIBIT
A-9

 

FORM
OF CLASS HRR CERTIFICATES

 

CLASS
HRR

 

[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]1

 

[TRANSFERS
OF THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]2

 

THIS
CERTIFICATE DOES NOT REPRESENT ANY INTEREST IN OR OBLIGATION OF THE DEPOSITOR, ANY INITIAL PURCHASER, THE LOAN SELLERS, THE ORIGINATORS,
THE SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE CERTIFICATE ADMINISTRATOR, THE OPERATING ADVISOR, THE BORROWER, THE BORROWER
SPONSOR OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN IS INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY, PRIVATE INSURER OR BY ANY OTHER PERSON.

 

PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.
ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE
SET FORTH BELOW.

 

THIS
CLASS HRR CERTIFICATE IS SUBORDINATED TO CERTAIN OTHER CLASSES OF CERTIFICATES OF THE SAME SERIES AS AND TO THE EXTENT SET FORTH
IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.

 

 

 

		1	Legend
required as long as DTC is the Depository under the Trust and Servicing Agreement.

 

		2	Global
Certificate legend.

 

    Exhibit A-9-1

     

    

 

THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING
OF RULE 144A (A “QUALIFIED INSTITUTIONAL BUYER”), THAT IS PURCHASING FOR ITS OWN ACCOUNT OR IS PURCHASING FOR
THE ACCOUNT OF ANOTHER QUALIFIED INSTITUTIONAL BUYER, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER
TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTIONAL INVESTOR THAT IS A NON-“U.S. PERSON” IN AN
“OFFSHORE TRANSACTION” AS SUCH TERMS ARE DEFINED IN, AND IN ACCORDANCE WITH, RULE 903 OR RULE 904 OF REGULATION S
UNDER THE SECURITIES ACT, OR (3) TO ANOTHER INSTITUTIONAL INVESTOR THAT IS, OR IN WHICH EACH OF THE EQUITY OWNERS IS AN “ACCREDITED
INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT THAT IS NOT A QUALIFIED
INSTITUTIONAL BUYER, AND (B) IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE FEDERAL SECURITIES LAWS AND ANY APPLICABLE SECURITIES
LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL
LAW THAT IS, TO A MATERIAL EXTENT, SIMILAR TO SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAW”),
OR ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE, UNLESS (A)(I) SUCH
PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60,
AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 WILL BE MET WITH RESPECT TO SUCH
INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS CERTIFICATE, OR (B) WITH RESPECT TO THE
ACQUISITION, HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY PLAN SUBJECT TO SIMILAR LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION
BY SUCH PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION OF SIMILAR LAW.

 

    Exhibit A-9-2

     

    

 

TRANSFERS
OF THIS CERTIFICATE OR ANY INTEREST HEREIN ARE SUBJECT TO SUCH RESTRICTIONS, AND TO THE DELIVERY BY THE TRANSFEROR AND/OR THE
TRANSFEREE OF SUCH OPINIONS, CERTIFICATIONS AND/OR OTHER EVIDENCE OF COMPLIANCE WITH APPLICABLE LAW, AS ARE SET FORTH IN THE TRUST
AND SERVICING AGREEMENT REFERRED TO BELOW.

 

THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE CODE.

 

THIS
CERTIFICATE IS INTENDED TO CONSTITUTE PART OF AN “ELIGIBLE HORIZONTAL RESIDUAL INTEREST” (AS DEFINED IN REGULATION
RR PROMULGATED UNDER SECTION 15G OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED), AND AS SUCH IS SUBJECT TO VARIOUS RESTRICTIONS
ON HEDGING, TRANSFER AND FINANCING SET FORTH IN REGULATION RR. THE INITIAL INVESTOR IN THIS CERTIFICATE, AND EACH SUBSEQUENT PURCHASER
OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN INTEREST HEREIN, IS DEEMED TO HAVE AGREED TO COMPLY WITH CERTAIN TRANSFER
REQUIREMENTS SET FORTH IN THE TRUST AND SERVICING AGREEMENT.

 

    Exhibit A-9-3

     

    

 

BWAY
COMMERCIAL MORTGAGE TRUST 2022-26BW

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-26BW, CLASS HRR

 

	Pass-Through
    Rate:  The Adjusted Net Mortgage Rate with respect to the Trust Loan1	 	 
	 	 	 
	First
    Distribution Date:  March 11, 2022	 	 
	 	 	 
	Aggregate
    Initial Certificate Balance of the Class HRR Certificates:  $15,750,000	 	Rated
    Final Distribution Date:

    N/A
	 	 	 
	CUSIP:  12429EAS6

    ISIN:  US12429EAS632	 	Initial
    Certificate Balance of this

    Certificate:  $[_________]
	 	 	 
	CUSIP:
                                         U1225DAJ4

                                         ISIN: USU1225DAJ473

         

        CUSIP:
12429EAT4

ISIN: US12429EAT474

No.: HRR-[ ]
	 	 

 

This
certifies that [Cede & Co.][_________] is the registered owner of the Percentage Interest evidenced by this Certificate in
the distributions to be made from a Trust Fund with respect to the Class HRR Certificates. The Trust Fund consists primarily of
multiple promissory notes evidencing a fixed rate interest-only commercial mortgage loan (the “Trust Loan”)
that is secured by certain Collateral held in trust by the Trustee (or the Custodian on its behalf). The Collateral also secures
the Companion Loans which are not assets of the Trust Fund. The Trust Loan and the Companion Loans are collectively referred to
as the “Mortgage Loan”. The Trust Fund was created, and the Mortgage Loan is to be serviced, pursuant to the
Trust and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents
to the terms, provisions and conditions of the Trust and Servicing Agreement and is bound thereby. Also issued under the Trust
and Servicing Agreement are the Class A, Class X, Class B, Class C, Class D, Class E, Class F, Class G and Class R Certificates
(collectively, with the Class HRR Certificates, the “Certificates”; the Holders of Certificates issued under
the Trust and Servicing Agreement are collectively referred to herein as “Certificateholders”).

 

This
Certificate is issued pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement, dated as of February
6, 2022 (the “Trust and Servicing Agreement”),

 

 

 

		1	The
approximate initial Pass-Through Rate as of the Closing Date is 4.86636% per annum.

 

		2	For
Certificate sold in reliance on Rule 144A only.

 

		3	For
Regulation S Global Certificate only.

 

		4	For
IAI Certificate only.

 

    Exhibit A-9-4

     

    

 

by and among BMO Commercial Mortgage Securities LLC, as Depositor,
KeyBank National Association, as Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee, Computershare
Trust Company, National Association, as Certificate Administrator, and Pentalpha Surveillance LLC, as Operating Advisor. To the
extent not defined herein, capitalized terms used herein shall have the respective meanings assigned thereto in the Trust and
Servicing Agreement.

 

Pursuant
to the terms of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 4th Business Day following
each Determination Date, commencing in March 2022 (each such date, a “Distribution Date”), to the Person in
whose name this Certificate is registered as of the close of business on the related Record Date, which will be the last Business
Day of the calendar month immediately preceding the calendar month in which such Distribution Date occurs (provided that, in the
event the Closing Date occurs in the same month as the first Distribution Date, the first Record Date shall be the Closing Date),
an amount equal to such Person’s pro rata share (based on the Percentage Interest represented by this Certificate)
of that portion of the aggregate amount of principal and interest and any Yield Maintenance Premium then distributable, if any,
with respect to the Class HRR Certificates for such Distribution Date, all as more fully described in the Trust and Servicing
Agreement. With respect to each Distribution Date, the Determination Date is the 6th day of the calendar month in which such Distribution
Date occurs, but if such 6th day is not a Business Day, the immediately succeeding Business Day, commencing in March 2022.

 

All
distributions will be made to the Persons entitled thereto by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity located in the United States and having appropriate facilities therefor provided
that the Certificate Administrator has received appropriate wire transfer instructions therefrom, or by check by first class
mail to the address set forth therefor in the Certificate Register if wiring instructions have not been received at least five
Business Days prior to the applicable Distribution Date. Notwithstanding the foregoing, the final distribution on each Certificate
shall be made in like manner, but only upon presentment and surrender of such Certificate at the location that is specified in
the notice to Certificateholders of such final distribution.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries in respect of the Notes,
as more specifically set forth herein and in the Trust and Servicing Agreement.

 

This
Certificate does not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing
Agreement for the interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights,
duties and immunities of the Trustee and the Certificate Administrator.

 

In
the event of a conflict or inconsistency between the terms of this Certificate and the Trust and Servicing Agreement, the terms
and conditions of the Trust and Servicing Agreement shall govern.

 

As
provided in the Trust and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for
registration of transfer of any Certificate, the

 

    Exhibit A-9-5

     

    

 

Certificate Registrar shall execute, authenticate and deliver, in the name of
the designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate interest
and of the same Class.

 

Prior
to due presentation of this Certificate for registration of transfer, the Servicer, the Special Servicer, the Trustee, the Certificate
Administrator, the Operating Advisor, the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator,
the Operating Advisor, the Servicer, the Special Servicer or the Certificate Registrar may treat the Person in whose name any
Certificate is registered as the owner of such Certificate for the purpose of receiving distributions as provided in the Trust
and Servicing Agreement and for all other purposes whatsoever, and none of the Servicer, the Special Servicer, the Trustee, the
Certificate Administrator, the Operating Advisor, the Certificate Registrar, or any agent of the Servicer, the Special Servicer,
the Trustee, the Certificate Administrator, the Operating Advisor or the Certificate Registrar shall be affected by any notice
to the contrary.

 

The
Trust and Servicing Agreement may be amended from time to time by the Depositor, the Servicer, the Special Servicer, the Trustee,
the Certificate Administrator and the Operating Advisor, without the consent of any of the Certificateholders, in certain circumstances
specified in the Trust and Servicing Agreement. The Trust and Servicing Agreement may also be amended from time to time by the
Depositor, the Servicer, the Special Servicer, the Trustee, the Certificate Administrator and the Operating Advisor with the written
consent of the Holders of Certificates representing not less than 51% of the Percentage Interests of each Class of Certificates
adversely affected by the amendment (as evidenced by an Opinion of Counsel) for the purpose of adding any provisions to or changing
in any manner or eliminating any of the provisions of the Trust and Servicing Agreement or of modifying in any manner the rights
of the Certificateholders; provided, however, no such amendment shall (i) reduce in any manner the amount of,
or delay the timing of, payments received on the Mortgage Loan which are required to be distributed on any Certificate or to any
Companion Loan Holder, (ii) alter in any manner the liens on any Collateral securing payments on the Mortgage Loan; (iii) alter
the obligations of the Servicer or the Trustee to make an Advance or alter the Accepted Servicing Practices set forth in the Trust
and Servicing Agreement, (iv) change the percentages of Voting Rights or Percentage Interests of Certificateholders which
are required to consent to any action or inaction under the Trust and Servicing Agreement; (v) change in any manner the obligations
or rights of the Loan Seller under the Trust and Servicing Agreement or the Trust Loan Purchase Agreement without the consent
of the Loan Seller; (vi) amend Section 11.1 of the Trust and Servicing Agreement; (vii) change in any manner
the obligations or rights of any Initial Purchaser without the consent of the affected Initial Purchaser; or (viii) adversely
affect any Companion Loan Holder in its capacity as such without its consent. In addition, the Trust and Servicing Agreement provides
that (i) neither the Trustee nor the Certificate Administrator shall consent to any amendment to the Trust and Servicing
Agreement unless it shall have first been furnished with an Opinion of Counsel to the effect that such amendment is authorized
or permitted under the Trust and Servicing Agreement and all conditions precedent to such amendment have been satisfied and (ii) no
amendment shall be made to the Trust and Servicing Agreement without the Trustee and the Certificate Administrator first receiving
in writing an Opinion of Counsel (at the expense of the party requesting the amendment) that the amendment will not result in
the imposition of federal income tax on the Trust or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify
as a REMIC.

 

    Exhibit A-9-6

     

    

 

The
Trust and Servicing Agreement provides that the respective obligations and responsibilities of the Depositor, the Servicer, the
Special Servicer, the Trustee, the Certificate Administrator and the Operating Advisor created thereby (other than (x) the obligation
to make certain remittances to the Companion Loan Holder(s) to the extent of any remaining funds and in accordance with the Co-Lender
Agreement, (y) the obligation of the Certificate Administrator to make certain payments to Certificateholders after the final
Distribution Date and to comply with all federal income tax reporting requirements and maintenance of books and records, and (z)
the indemnification rights and obligations of the parties thereto) shall terminate upon the last action required to be taken by
the Certificate Administrator on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement upon
the later of (i) the final payment on the Certificates and the Uncertificated Lower-Tier Interests or (ii) the liquidation
of the Trust Loan (including, without limitation, in connection with the sale of the Trust Loan pursuant to the Mezzanine Intercreditor
Agreement or the Trust and Servicing Agreement, as applicable) or the liquidation or abandonment of the Property and all other
Collateral for the Trust Loan, provided, however, that in no event shall the trust created by the Trust and Servicing
Agreement continue beyond the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph
P. Kennedy, the late ambassador of the United States to the United Kingdom, living on the date of the Trust and Servicing Agreement.

 

Unless
the Certificate of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the
Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing
Agreement or be valid for any purpose.

 

The
Certificate Administrator makes no representation or warranty as to any of the statements contained herein or the validity or
sufficiency of the Certificates or the Mortgage Loan and has executed this Certificate in its limited capacity as Certificate
Administrator under the Trust and Servicing Agreement.

 

    Exhibit A-9-7

     

    

 

IN
WITNESS WHEREOF, the Certificate Administrator has caused this Certificate to be duly executed.

 

Dated: February 16, 2022

 

	 	COMPUTERSHARE
               TRUST COMPANY, 
 NATIONAL
               ASSOCIATION, 
 not in its individual capacity but solely as 
 Certificate Administrator
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

Certificate
of Authentication

 

This
is one of the Class HRR Certificates referred to in the Trust and Servicing Agreement.

 

Dated: February 16, 2022

 

	 	COMPUTERSHARE
                                         TRUST COMPANY, 

                                         NATIONAL ASSOCIATION, 

                                         not in its individual capacity but solely as 

                                         Authenticating Agent
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

    Exhibit A-9-8

     

    

 

SCHEDULE
A

 

SCHEDULE
OF EXCHANGES

 

The
following payments of principal and exchanges of a part of this [Rule 144A Global Certificate] [Temporary Regulation S Global
Certificate] [Regulation S Global Certificate] have been made:

 

	Date
                                         of 

                                         Exchange or
                                         

                                         Payment of
                                         

                                         Principal 
	 	Certificate
                                         

                                         Balance Prior
                                         

                                         to Exchange
                                         or 

                                         Payment 
	 	Certificate
                                         

                                         Balance 

                                         Exchanged or
                                         

                                         Principal 

                                         Payment Made 
	 	Type
                                         of 

                                         Certificate
                                         

                                         Exchanged for 
	 	Remaining
                                         

                                         Certificate
                                         

                                         Balance 

                                         Following Such

                                         Exchange or
                                         

                                         Payment 
	 	Notation
                                         Made 

                                         by 
	 
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-

 

    Exhibit A-9-9

     

    

 

ASSIGNMENT

 

FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.

 

I
(we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the
within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:

 

________________________________

 

________________________________

 

________________________________

 

Date:
__________________

 

		Signature
by or on behalf of
 Assignor(s):	 
	 	 	 
	 	 	 
	 	 	 
	 	Taxpayer Identification Number: _________

 

    Exhibit A-9-10

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
Assignee(s) should include the following for purposes of distribution:

 

Address
of the Assignee(s) for the purpose of receiving notices and distributions:

_____________________________________________________________________.

 

Distributions,
if being made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.

 

This
information is provided by _______________________________________ the Assignee(s) named above, or ________________________________________________
as its (their) agent.

 

	 	By:	 
	 	 	[Please print or type
                              name(s)]

 

		Title:	

 

		Taxpayer
Identification Number: 

 

    Exhibit A-9-11

     

    

  

EXHIBIT
A-10

 

FORM
OF CLASS R CERTIFICATES

 

CLASS
R

 

THIS
CERTIFICATE DOES NOT REPRESENT ANY INTEREST IN OR OBLIGATION OF THE DEPOSITOR, ANY INITIAL PURCHASER, THE LOAN SELLERS, THE ORIGINATORS,
THE SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE CERTIFICATE ADMINISTRATOR, THE OPERATING ADVISOR, THE BORROWER, THE BORROWER
SPONSOR OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN IS INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY, PRIVATE INSURER OR BY ANY OTHER PERSON.

 

THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING
OF RULE 144A (A “QUALIFIED INSTITUTIONAL BUYER”), THAT IS PURCHASING FOR ITS OWN ACCOUNT OR IS PURCHASING FOR
THE ACCOUNT OF ANOTHER QUALIFIED INSTITUTIONAL BUYER, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER
TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, AND (B) IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE FEDERAL SECURITIES LAWS
AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW
THAT IS, TO A MATERIAL EXTENT, SIMILAR TO SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE, OR ANY PERSON ACTING ON BEHALF OF
ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE.

 

TRANSFERS
OF THIS CERTIFICATE OR ANY INTEREST HEREIN ARE SUBJECT TO SUCH RESTRICTIONS, AND TO THE DELIVERY BY THE TRANSFEROR AND/OR THE
TRANSFEREE OF SUCH OPINIONS, CERTIFICATIONS AND/OR

 

     Exhibit A-10-1

     

    

 

 OTHER EVIDENCE OF COMPLIANCE WITH APPLICABLE LAW, AS ARE SET FORTH IN THE TRUST
AND SERVICING AGREEMENT REFERRED TO BELOW.

 

THIS
CERTIFICATE EVIDENCES ALL OR A PORTION OF THE SOLE CLASS OF “RESIDUAL INTERESTS” IN EACH OF TWO “REAL ESTATE
MORTGAGE INVESTMENT CONDUITS” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(2) AND 860D OF THE INTERNAL
REVENUE CODE OF 1986, AS AMENDED. EACH TRANSFEREE OF THIS CERTIFICATE, BY ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE
SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY TO DISQUALIFIED ORGANIZATIONS, NON-U.S. TAX PERSONS OR AGENTS OF EITHER, AS
SET FORTH IN THE TRUST AND SERVICING AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT IN THE FORM ATTACHED AS AN EXHIBIT
TO THE TRUST AND SERVICING AGREEMENT TO THE TRANSFEROR AND THE CERTIFICATE ADMINISTRATOR TO THE EFFECT THAT, AMONG OTHER THINGS,
(A) IT IS NOT A DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE SECTION 860E(e)(5), OR AN AGENT (INCLUDING A BROKER,
NOMINEE OR OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION AND IS OTHERWISE A PERMITTED TRANSFEREE, (B) IT HAS HISTORICALLY
PAID ITS DEBTS AS THEY HAVE COME DUE AND INTENDS TO PAY ITS DEBTS AS THEY COME DUE IN THE FUTURE, (C) IT UNDERSTANDS THAT IT MAY
INCUR TAX LIABILITIES WITH RESPECT TO THIS CERTIFICATE IN EXCESS OF CASH FLOWS GENERATED HEREBY, (D) IT INTENDS TO PAY ANY TAXES
ASSOCIATED WITH HOLDING THIS CERTIFICATE AS THEY BECOME DUE, (E) IT WILL NOT CAUSE INCOME WITH RESPECT TO THIS CERTIFICATE TO
BE ATTRIBUTABLE TO A FOREIGN PERMANENT ESTABLISHMENT OR FIXED BASE, WITHIN THE MEANING OF AN APPLICABLE INCOME TAX TREATY, OF
SUCH PERSON OR ANY OTHER U.S. TAX PERSON AND (F) IT WILL NOT TRANSFER THIS CERTIFICATE TO ANY PERSON OR ENTITY THAT DOES NOT PROVIDE
A SIMILAR AFFIDAVIT. ANY PURPORTED TRANSFER TO A DISQUALIFIED ORGANIZATION OR OTHER PERSON THAT IS NOT A PERMITTED TRANSFEREE
OR OTHERWISE IN VIOLATION OF THESE RESTRICTIONS SHALL BE ABSOLUTELY NULL AND VOID AND SHALL VEST NO RIGHTS IN ANY PURPORTED TRANSFEREE.
THIS CERTIFICATE REPRESENTS ONE OR MORE “NON-ECONOMIC RESIDUAL INTERESTS”, AS DEFINED IN TREASURY REGULATIONS SECTION
1.860E-1(c), AND THEREFORE, TRANSFERS OF THIS CERTIFICATE MAY BE DISREGARDED FOR FEDERAL INCOME TAX PURPOSES. IN ORDER TO SATISFY
A REGULATORY SAFE HARBOR UNDER WHICH SUCH TRANSFERS WILL NOT BE DISREGARDED, THE TRANSFEROR MAY BE REQUIRED, AMONG OTHER THINGS,
TO SATISFY ITSELF AS TO THE FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE AND EITHER TO TRANSFER AT A MINIMUM PRICE OR TO AN
ELIGIBLE TRANSFEREE AS SPECIFIED IN TREASURY REGULATIONS.

 

     Exhibit A-10-2

     

    

 

BWAY
COMMERCIAL MORTGAGE TRUST 2022-26BW

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-26BW, CLASS R

 

	Percentage
    Interest of this Class R 

Certificates:  [     ]%
	 
	CUSIP:
                                         12429EAU1

                                         ISIN: US12429EAU10

         

        No.:
R-[  ]

 

This
certifies that [_____________] is the registered owner of the Percentage Interest evidenced by this Certificate in the distributions
to be made from a Trust Fund with respect to the Class R Certificates. The Trust Fund consists primarily of multiple promissory
notes evidencing a fixed rate interest-only commercial mortgage loan (the “Trust Loan”) that is secured by
certain Collateral held in trust by the Trustee (or the Custodian on its behalf). The Collateral also secures the Companion Loans
which are not assets of the Trust Fund. The Trust Loan and the Companion Loans are collectively referred to as the “Mortgage
Loan”. The Trust Fund was created, and the Mortgage Loan is to be serviced, pursuant to the Trust and Servicing Agreement
(as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents to the terms, provisions and conditions
of the Trust and Servicing Agreement and is bound thereby. Also issued under the Trust and Servicing Agreement are the Class A,
Class X, Class B, Class C, Class D, Class E, Class F, Class G and Class HRR Certificates (collectively, with the Class
R Certificates, the “Certificates”; the Holders of Certificates issued under the Trust and Servicing Agreement
are collectively referred to herein as “Certificateholders”).

 

This
Certificate is issued pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement, dated as of February
6, 2022 (the “Trust and Servicing Agreement”), by and among BMO Commercial Mortgage Securities LLC, as Depositor,
KeyBank National Association, as Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee, Computershare
Trust Company, National Association, as Certificate Administrator, and Pentalpha Surveillance LLC, as Operating Advisor. To the
extent not defined herein, capitalized terms used herein shall have the respective meanings assigned thereto in the Trust and
Servicing Agreement.

 

Pursuant
to the terms of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 4th Business Day following
each Determination Date, commencing in March 2022 (each such date, a “Distribution Date”), to the Person in
whose name this Certificate is registered as of the close of business on the related Record Date, which will be the last Business
Day of the calendar month immediately preceding the calendar month in which such Distribution Date occurs (provided that, in the
event the Closing Date occurs in the same month as the first Distribution Date, the first Record Date shall be the Closing Date),
an amount equal to such Person’s pro rata share (based on the Percentage Interest represented by this Certificate)
of any amounts distributable with respect to the Class R Certificates for such Distribution Date, all as more fully described
in the Trust and Servicing Agreement. With respect to each Distribution Date, the Determination Date is the 6th day of the calendar
month in which

 

     Exhibit A-10-3

     

    

 

such Distribution Date occurs, but if such 6th day is not a Business Day, the immediately succeeding Business Day,
commencing in March 2022.

 

All
distributions will be made to the Persons entitled thereto by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity located in the United States and having appropriate facilities therefor provided
that the Certificate Administrator has received appropriate wire transfer instructions therefrom, or by check by first class
mail to the address set forth therefor in the Certificate Register if wiring instructions have not been received at least five
Business Days prior to the applicable Distribution Date. Notwithstanding the foregoing, the final distribution on each Certificate
shall be made in like manner, but only upon presentment and surrender of such Certificate at the location that is specified in
the notice to Certificateholders of such final distribution.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries in respect of the Notes,
as more specifically set forth herein and in the Trust and Servicing Agreement.

 

This
Certificate does not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing
Agreement for the interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights,
duties and immunities of the Trustee and the Certificate Administrator.

 

In
the event of a conflict or inconsistency between the terms of this Certificate and the Trust and Servicing Agreement, the terms
and conditions of the Trust and Servicing Agreement shall govern.

 

As
provided in the Trust and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for
registration of transfer of any Certificate, the Certificate Registrar shall execute, authenticate and deliver, in the name of
the designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate interest
and of the same Class.

 

Prior
to due presentation of this Certificate for registration of transfer, the Servicer, the Special Servicer, the Trustee, the Certificate
Administrator, the Operating Advisor, the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator,
the Operating Advisor, the Servicer, the Special Servicer or the Certificate Registrar may treat the Person in whose name any
Certificate is registered as the owner of such Certificate for the purpose of receiving distributions as provided in the Trust
and Servicing Agreement and for all other purposes whatsoever, and none of the Servicer, the Special Servicer, the Trustee, the
Certificate Administrator, the Operating Advisor, the Certificate Registrar, or any agent of the Servicer, the Special Servicer,
the Trustee, the Certificate Administrator, the Operating Advisor or the Certificate Registrar shall be affected by any notice
to the contrary.

 

The
Trust and Servicing Agreement may be amended from time to time by the Depositor, the Servicer, the Special Servicer, the Trustee,
the Certificate Administrator and the Operating Advisor, without the consent of any of the Certificateholders, in certain circumstances
specified in the Trust and Servicing Agreement. The Trust and Servicing Agreement may also be

 

     Exhibit A-10-4

     

    

 

amended from time to time by the
Depositor, the Servicer, the Special Servicer, the Trustee, the Certificate Administrator and the Operating Advisor with the written
consent of the Holders of Certificates representing not less than 51% of the Percentage Interests of each Class of Certificates
adversely affected by the amendment (as evidenced by an Opinion of Counsel) for the purpose of adding any provisions to or changing
in any manner or eliminating any of the provisions of the Trust and Servicing Agreement or of modifying in any manner the rights
of the Certificateholders; provided, however, no such amendment shall (i) reduce in any manner the amount of,
or delay the timing of, payments received on the Mortgage Loan which are required to be distributed on any Certificate or to any
Companion Loan Holder, (ii) alter in any manner the liens on any Collateral securing payments on the Mortgage Loan; (iii) alter
the obligations of the Servicer or the Trustee to make an Advance or alter the Accepted Servicing Practices set forth in the Trust
and Servicing Agreement, (iv) change the percentages of Voting Rights or Percentage Interests of Certificateholders which
are required to consent to any action or inaction under the Trust and Servicing Agreement; (v) change in any manner the obligations
or rights of the Loan Seller under the Trust and Servicing Agreement or the Trust Loan Purchase Agreement without the consent
of the Loan Seller; (vi) amend Section 11.1 of the Trust and Servicing Agreement; (vii) change in any manner
the obligations or rights of any Initial Purchaser without the consent of the affected Initial Purchaser; or (viii) adversely
affect any Companion Loan Holder in its capacity as such without its consent. In addition, the Trust and Servicing Agreement provides
that (i) neither the Trustee nor the Certificate Administrator shall consent to any amendment to the Trust and Servicing
Agreement unless it shall have first been furnished with an Opinion of Counsel to the effect that such amendment is authorized
or permitted under the Trust and Servicing Agreement and all conditions precedent to such amendment have been satisfied and (ii) no
amendment shall be made to the Trust and Servicing Agreement without the Trustee and the Certificate Administrator first receiving
in writing an Opinion of Counsel (at the expense of the party requesting the amendment) that the amendment will not result in
the imposition of federal income tax on the Trust or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify
as a REMIC.

 

The
Trust and Servicing Agreement provides that the respective obligations and responsibilities of the Depositor, the Servicer, the
Special Servicer, the Trustee, the Certificate Administrator and the Operating Advisor created thereby (other than (x) the obligation
to make certain remittances to the Companion Loan Holder(s) to the extent of any remaining funds and in accordance with the Co-Lender
Agreement, (y) the obligation of the Certificate Administrator to make certain payments to Certificateholders after the final
Distribution Date and to comply with all federal income tax reporting requirements and maintenance of books and records, and (z)
the indemnification rights and obligations of the parties thereto) shall terminate upon the last action required to be taken by
the Certificate Administrator on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement upon
the later of (i) the final payment on the Certificates and the Uncertificated Lower-Tier Interests or (ii) the liquidation
of the Trust Loan (including, without limitation, in connection with the sale of the Trust Loan pursuant to the Mezzanine Intercreditor
Agreement or the Trust and Servicing Agreement, as applicable) or the liquidation or abandonment of the Property and all other
Collateral for the Trust Loan, provided, however, that in no event shall the trust created by the Trust and Servicing
Agreement continue beyond the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph
P. Kennedy, the late ambassador of the United States to the United Kingdom, living on the date of the Trust and Servicing Agreement.

 

     Exhibit A-10-5

     

    

 

Unless
the Certificate of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the
Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing
Agreement or be valid for any purpose.

 

The
Certificate Administrator makes no representation or warranty as to any of the statements contained herein or the validity or
sufficiency of the Certificates or the Mortgage Loan and has executed this Certificate in its limited capacity as Certificate
Administrator under the Trust and Servicing Agreement.

 

The
Class R Certificateholders, by acceptance of the Class R Certificates, agree, on behalf of themselves and all successor holders
of such Class R Certificates, to the irrevocable designation of the Certificate Administrator as the “partnership representative”
of each Trust REMIC within the meaning of Section 6223 of the Code (to the extent such provision is applicable to the Trust REMICs).

 

Each
Person who has or acquires any Residual Ownership Interest shall be deemed by the acceptance or acquisition of such Residual Ownership
Interest to have agreed to be bound by the following provisions and the rights of each Person acquiring any Residual Ownership
Interest are expressly subject to the following provisions:

 

(i)             Each Person acquiring or holding any Residual Ownership Interest shall be a Permitted Transferee and shall not acquire or hold
such Residual Ownership Interest as agent (including a broker, nominee or other middleman) on behalf of any Person that is not
a Permitted Transferee. Any such Person shall promptly notify the Certificate Registrar of any change or impending change in its
status (or the status of the beneficial owner of such Residual Ownership Interest) as a Permitted Transferee. Any acquisition
of a Residual Ownership Interest by a Person who is not a Permitted Transferee or by a Person who is acting as an agent of a Person
who is not a Permitted Transferee shall be void ab initio and of no effect, and the immediately preceding owner who was
a Permitted Transferee shall be restored to registered and beneficial ownership of the Residual Ownership Interest as soon and
as fully as possible.

 

(ii)            No Residual Ownership Interest may be Transferred, and no such Transfer shall be registered in the Certificate Register, without
the express written consent of the Certificate Registrar, and the Certificate Registrar shall not recognize the Transfer, and
such proposed Transfer shall not be effective, without such consent with respect thereto. In connection with any proposed Transfer
of any Residual Ownership Interest, other than in connection with the initial Transfer thereof to an Initial Purchaser and any
subsequent transfer thereof by an Initial Purchaser to any of its Affiliates, the Certificate Registrar shall, as a condition
to such consent, (x) require the proposed transferee to deliver, and the proposed transferee shall deliver to the Certificate
Registrar and to the proposed transferor, an affidavit in substantially the form attached as Exhibit I-1 to the Trust and
Servicing Agreement (a “Transferee Affidavit”) of the proposed transferee (A) that such proposed transferee
is a Permitted Transferee and (B) stating that (1) the proposed transferee historically has paid its debts as they have come due
and intends to do so in the future, (2) the proposed transferee understands that, as the holder of a Residual Ownership Interest,
it

 

     Exhibit A-10-6

     

    

 

may incur liabilities in excess of cash flows generated by the residual interest, (3) the proposed transferee intends to pay
taxes associated with holding the Residual Ownership Interest as they become due, (4) the proposed transferee will not cause income
with respect to the Residual Ownership Interest to be attributable to a foreign permanent establishment or fixed base, within
the meaning of an applicable income tax treaty, of such proposed transferee or any other U.S. Tax Person, (5) the proposed transferee
will not transfer the Residual Ownership Interest to any Person that does not provide a Transferee Affidavit or as to which the
proposed transferee has actual knowledge that such Person is not a Permitted Transferee or is acting as an agent (including a
broker, nominee or other middleman) for a Person that is not a Permitted Transferee, and (6) the proposed transferee expressly
agrees to be bound by and to abide by the provisions of Section 5.3(p) of the Trust and Servicing Agreement and (y) other
than in connection with the initial issuance of a Class R Certificate, require a statement from the proposed transferor substantially
in the form attached as Exhibit I-2 to the Trust and Servicing Agreement (the “Transferor Letter”),
that the proposed transferor has no actual knowledge that the proposed transferee is not a Permitted Transferee and has no actual
knowledge or reason to know that the proposed transferee’s statements in the preceding clauses (x)(B)(1) or (3) are false.

 

(iii)           Notwithstanding the delivery of a Transferee Affidavit by a proposed transferee under clause (ii) above, if a Responsible Officer
of the Certificate Registrar has actual knowledge that the proposed transferee is not a Permitted Transferee, no Transfer to such
proposed transferee shall be effected and such proposed Transfer shall not be registered on the Certificate Register; provided,
however, the Certificate Registrar shall not be required to conduct any independent investigation to determine whether
a proposed transferee is a Permitted Transferee. Upon notice to the Certificate Registrar that there has occurred a Transfer to
any Person that is a Disqualified Organization or an agent thereof (including a broker, nominee or middleman) in contravention
of the foregoing restrictions, and in any event not later than 60 days after a request for information from the transferor of
such Residual Ownership Interest or such agent, the Certificate Registrar and the Certificate Administrator agree to furnish to
the Internal Revenue Service and the transferor of such Residual Ownership Interest or such agent such information necessary to
the application of Section 860E(e) of the Code as may be required by the Code, including, but not limited to, the present value
of the total anticipated excess inclusions with respect to such Class R Certificate (or portion thereof) for periods after such
Transfer. At the election of the Certificate Registrar, the Certificate Registrar may charge a reasonable fee for computing and
furnishing such information to the transferor or to such agent referred to above; provided, however, such Persons
shall in no event be excused from furnishing such information.

 

(iv)           The Class R Certificates may only be issued as Definitive Certificates, and transferred to and owned by QIBs. Any transfer of
a Class R Certificate that results in a violation of Section 5.3(p) of the Trust and Servicing Agreement will be void ab initio.

 

     Exhibit A-10-7

     

    

 

IN
WITNESS WHEREOF, the Certificate Administrator has caused this Certificate to be duly executed.

 

Dated: February 16, 2022

 

	 	COMPUTERSHARE
               TRUST COMPANY, 
 NATIONAL
               ASSOCIATION, 
 not in its individual capacity but solely as 
 Certificate Administrator
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

Certificate
of Authentication

 

This
is one of the Class R Certificates referred to in the Trust and Servicing Agreement.

 

Dated: February 16, 2022

 

	 	COMPUTERSHARE
                                         TRUST COMPANY, 

                                         NATIONAL ASSOCIATION, 

                                         not in its individual capacity but solely as 

                                         Authenticating Agent
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

     Exhibit A-10-8

     

    

 

ASSIGNMENT

 

FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.

 

I
(we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the
within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:

 

________________________________

 

________________________________

 

________________________________

 

Date:
__________________

 

		Signature
by or on behalf of
 Assignor(s):	 
	 	 	 
	 	 	 
	 	 	 
	 	Taxpayer Identification Number: _________

 

     Exhibit A-10-9

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
Assignee(s) should include the following for purposes of distribution:

 

Address
of the Assignee(s) for the purpose of receiving notices and distributions:

_____________________________________________________________________.

 

Distributions,
if being made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.

 

This
information is provided by _______________________________________ the Assignee(s) named above, or ________________________________________________
as its (their) agent.

 

	 	By:	 
	 	 	[Please print or type
                              name(s)]

 

		Title:	

 

		Taxpayer
Identification Number: 

 

     Exhibit A-10-10

     

    

 

EXHIBIT
B

 

FORM
OF REQUEST FOR RELEASE

(for Custodian/Certificate Administrator)

 

	Loan
    Information
	 	Name
    of Mortgagor:	
	 	 	 
	 	[Servicer]
    [Special Servicer] Loan No.:	
	 
	Custodian/Certificate
    Administrator
	 	 	 
	 	Name:	Computershare
    Trust Company, National Association
	 	 	 
	 	Address:	9062
Old Annapolis Road 

        Columbia,
Maryland 21045 

        Attention:
        Corporate Trust Services– BWAY 2022-26BW

         

	 	Custodian 

        Mortgage
        File No.: 
	
	 	 	 
	Depositor
	 	Name:	BMO
    Commercial Mortgage Securities LLC
	 	 	 
	 	Address:	c/o
                                         BMO Capital Markets Corp.

                                         151 West 42nd Street

                                         New York, NY 10036

                                         Attention: Paul Vanderslice, Michael Birajiclian and David
                                         Schell

         

        Email:
        paul.vanderslice@bmo.com; Michael.Birajiclian@bmo.com and David.Schell@bmo.com

         

	 	Certificates:	BWAY
    Commercial Mortgage Trust 2022-26BW, Commercial Mortgage Pass-Through Certificates, Series 2022-26BW

 

The
undersigned [Servicer] [Special Servicer] hereby requests delivery from Computershare Trust Company, National Association, as
custodian (the “Custodian”), for the Holders of BWAY Commercial Mortgage Trust 2022-26BW, Commercial Mortgage
Pass-Through Certificates, Series 2022-26BW, the documents referred to below (the “Documents”). All capitalized
terms not otherwise defined in this Request for Release shall have the meanings given them in the Trust and Servicing Agreement,
dated as of February 6, 2022 (the “Trust and

 

     

     

    

 

Servicing Agreement”), by and among BMO Commercial Mortgage Securities
LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wilmington Trust, National Association,
as Trustee, Computershare Trust Company, National Association, as Certificate Administrator, and Pentalpha Surveillance LLC, as
Operating Advisor.

 

		(
                            )	Note
                                         dated [_____] [__], 202[_], in the original principal sum of $______, made by _______,
                                         payable to, or endorsed to the order of, the Trustee for the benefit of Certificateholders.

 

		(
                            )	Mortgage(s)
                                         recorded on ____________ as instrument no. ________ in the County Recorder’s Office
                                         of the County of _________, State of ___________ in book/reel/docket ___________ of official
                                         records at page/image ________.

 

		(
                            )	Deed
                                         of Trust(s) recorded on __________ as instrument no. ________ in the County Recorder’s
                                         Office of the County of ___________, State of _______ in book/reel/docket ____________
                                         of official records at page/image.

 

		(
                            )	Deed
                                         to Secure Debt recorded on __________ as instrument no. ________ in the County Recorder’s
                                         Office of the County of ___________, State of _______ in book/reel/docket ____________
                                         of official records at page/image.

 

		(
                            )	Other
                                         documents, including any amendments, assignments or other assumptions of the Note or
                                         Mortgages.

 

		(
                            )	 	 

 

		(
                            )	 	 

 

		(
                            )	 	 

 

		(
                            )	 	 

 

The
undersigned [Servicer] [Special Servicer] hereby acknowledges and agrees as follows:

 

(1)       The
[Servicer] [Special Servicer] shall hold and retain possession of the Documents in trust for the benefit of the Trustee for the
benefit of Certificateholders, solely for the purposes provided in the Trust and Servicing Agreement.

 

(2)       The
[Servicer] [Special Servicer] shall not cause or permit the Documents to become subject to, or encumbered by, any claims, liens,
security interests, charges, writs of attachment or other impositions nor shall the [Servicer] [Special Servicer] assert or seek
to assert any claims or rights of set-off to or against the Documents or any proceeds thereof except as otherwise provided in
the Trust and Servicing Agreement.

 

(3)       The
[Servicer] [Special Servicer] shall return the Documents to the Custodian when the need therefor no longer exists, unless the
Mortgage Loan has been liquidated

 

    Exhibit B-2

     

    

 

or the Mortgage Loan has been paid in full and the proceeds thereof have been remitted to the
Collection Account except as expressly provided in the Trust and Servicing Agreement.

 

(4)       The
Documents coming into the possession or control of the [Servicer] [Special Servicer] shall at all times be earmarked for the account
of the Trustee (or the Custodian on its behalf) for the benefit of the Certificateholders, and the [Servicer] [Special Servicer]
shall keep the Documents separate and distinct from all other property in the [Servicer’s] [Special Servicer’s] possession,
custody or control.

 

	 	[KEYBANK
    NATIONAL ASSOCIATION, as Servicer]
	 	 
	 	[KEYBANK
    NATIONAL ASSOCIATION, as Special Servicer]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Date:
_________

 

    Exhibit B-3

     

    

 

EXHIBIT
C

 

FORM
OF TRANSFER CERTIFICATE

FOR RULE 144A GLOBAL CERTIFICATE

TO TEMPORARY REGULATION S GLOBAL CERTIFICATE

 

(Exchanges
or transfers pursuant to

Section 5.3(c) of the Trust and Servicing Agreement)

 

Computershare
Trust Company, National Association,

as Certificate Registrar 

600
S. 4th Street, 7th Floor 

Minneapolis,
Minnesota 55415 

Attention:
Corporate Trust Services – Certificate Transfers – BWAY 2022-26BW

 

		Re:	BWAY
                                         Commercial Mortgage Trust 2022-26BW,

                                         Commercial
                                         Mortgage Pass-Through Certificates, Series 2022-26BW,

                                         Class [__]

 

Reference
is hereby made to the Trust and Servicing Agreement, dated as of February 6, 2022 (the “Trust and Servicing Agreement”),
by and among BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer,
Wilmington Trust, National Association, as Trustee, Computershare Trust Company, National Association, as Certificate Administrator,
and Pentalpha Surveillance LLC, as Operating Advisor. Capitalized terms used but not defined herein shall have the meanings given
to them in the Trust and Servicing Agreement.

 

This
letter relates to US $[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of a beneficial interest in the Rule 144A Global Certificate of such Class (CUSIP No. [______])
with the Depository in the name of [insert name of Transferor] (the “Transferor”). The Transferor has requested
an exchange or transfer of such beneficial interest for a beneficial interest in the Temporary Regulation S Global Certificate
of such Class (CINS No. [______] and ISIN No. [______]) to be held with the Depository in the name of [Euroclear] [Clearstream]*
(Common Code No. [______]).

 

In
connection with such request and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer
has been made in compliance with the transfer restrictions set forth in the Trust and Servicing Agreement and pursuant to and
in accordance with Regulation S (“Regulation S”) under the Securities Act of 1933, as amended (the
“Securities Act”), and accordingly the Transferor does hereby certify that:

 

(1)       the
offer of the Certificates was not made to a person in the “United States” (as defined in Regulation S);

 

 

 

*
       Select appropriate depository.

 

    Exhibit C-1

     

    

 

[(2)      at
the time the buy order was originated, the transferee was outside the United States or the Transferor and any person acting on
its behalf reasonably believed and believes that the transferee was outside the United States;]**

 

[(2)      the
transaction was executed in, on or through the facilities of a designated offshore securities market and neither the Transferor
nor any person acting on its behalf knows that the transaction was pre-arranged with a buyer in the United States;]**

 

(3)       no
directed selling efforts have been made in contravention of the requirements of Rule 903(b) or 904(b) of Regulation S, as applicable;
and

 

(4)       the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act.

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, the Initial Purchasers, the Trustee, the
Certificate Administrator, the Servicer and the Special Servicer.

 

	 	[Insert Name of Transferor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Dated:
_______

 

cc:
BMO Commercial Mortgage Securities LLC

 

 

 

**
       Insert one of these two provisions, which come from the definition of “offshore
transaction” in Regulation S.

 

    Exhibit C-2

     

    

EXHIBIT
D

 

FORM
OF TRANSFER CERTIFICATE

FOR RULE 144A GLOBAL CERTIFICATE

TO REGULATION S GLOBAL CERTIFICATE

 

(Exchange
or transfers pursuant to

Section 5.3(d) of the Trust and Servicing Agreement)

 

Computershare
Trust Company, National Association,

as Certificate Registrar 

600
S. 4th Street, 7th Floor 

Minneapolis,
Minnesota 55415 

Attention:
Corporate Trust Services – Certificate Transfers – BWAY 2022-26BW

 

		Re:	BWAY
                                         Commercial Mortgage Trust 2022-26BW,

                                         Commercial Mortgage Pass-Through Certificates, Series 2022-26BW,

                                         Class [__] 

 

Reference
is hereby made to the Trust and Servicing Agreement, dated as of February 6, 2022 (the “Trust and Servicing Agreement”),
by and among BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer,
Wilmington Trust, National Association, as Trustee, Computershare Trust Company, National Association, as Certificate Administrator,
and Pentalpha Surveillance LLC, as Operating Advisor. Capitalized terms used but not defined herein shall have the meanings given
to them in the Trust and Servicing Agreement.

 

This
letter relates to US $[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of a beneficial interest in the Rule 144A Global Certificate of such Class (CUSIP No. [______])
with the Depository in the name of [insert name of Transferor] (the “Transferor”). The Transferor has requested
an exchange or transfer of such beneficial interest for a beneficial interest in the Regulation S Global Certificate of such
Class (CINS No. [______], ISIN No. [______], and Common Code No. [______]).

 

In
connection with such request and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer
has been made in compliance with the transfer restrictions set forth in the Trust and Servicing Agreement and, with respect to
transfers made in reliance on Regulation S (“Regulation S”) under the Securities Act of 1933, as
amended (the “Securities Act”), the Transferor does hereby certify that:

 

(1)       the
offer of the Certificates was not made to a person in the “United States” (as defined in Regulation S),

 

    Exhibit D-1

     

    

 

[(2) at
the time the buy order was originated, the transferee was outside the United States or the Transferor and any person acting on
its behalf reasonably believed and believes that the transferee was outside the United States,]*

 

[(2) the
transaction was executed in, on or through the facilities of a “designated offshore securities market” (as defined
in Regulation S) and neither the Transferor nor any person acting on its behalf knows that the transaction was pre-arranged with
a buyer in the United States,] *

 

(3)       no
“directed selling efforts” (as defined in Regulation S) have been made in contravention of the requirements of Rule
903(b) or 904(b) of Regulation S, as applicable, and

 

(4)       the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act.

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, the Initial Purchasers, the Trustee, the
Certificate Administrator, the Servicer and the Special Servicer.

 

	 	[Insert Name of Transferor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Dated:
________

 

cc:
BMO Commercial Mortgage Securities LLC

 

 

 

*
       Insert one of these two provisions, which come from the definition of “offshore
transaction” in Regulation S.

 

    Exhibit D-2

     

    

EXHIBIT
E

 

FORM
OF TRANSFER CERTIFICATE

FOR TEMPORARY REGULATION S GLOBAL CERTIFICATE

TO RULE 144A GLOBAL CERTIFICATE DURING RESTRICTED PERIOD

 

(Exchange
or transfers pursuant to

Section 5.3(e) of the Trust and Servicing Agreement)

 

Computershare
Trust Company, National Association,

as Certificate Registrar 

600
S. 4th Street, 7th Floor 

Minneapolis,
Minnesota 55415 

Attention:
Corporate Trust Services – Certificate Transfers – BWAY 2022-26BW

 

		Re:	BWAY
                                         Commercial Mortgage Trust 2022-26BW,

                                         Commercial
                                         Mortgage Pass-Through Certificates, Series 2022-26BW,

                                         Class [__]

 

Reference
is hereby made to the Trust and Servicing Agreement, dated as of February 6, 2022 (the “Trust and Servicing Agreement”),
by and among BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer,
Wilmington Trust, National Association, as Trustee, Computershare Trust Company, National Association, as Certificate Administrator,
and Pentalpha Surveillance LLC, as Operating Advisor. Capitalized terms used but not defined herein shall have the meanings given
to them in the Trust and Servicing Agreement.

 

This
letter relates to US $[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of a beneficial interest in the Temporary Regulation S Global Certificate of such Class (CINS
No. [______] and ISIN No. [______]) with [Euroclear] [Clearstream]* (Common Code [______]) through the Depository in
the name of [insert name of transferor] (the “Transferor”). The Transferor has requested an exchange or transfer
of such beneficial interest for a beneficial interest in the Rule 144A Global Certificate of such Class (CUSIP No. [______]).

 

In
connection with such request, and in respect of such Certificates, the Transferor does hereby certify that such Certificates are
being exchanged or transferred in accordance with Rule 144A (“Rule 144A”) under the Securities Act
of 1933, as amended (the “Securities Act”), to a transferee that the Transferor reasonably believes is purchasing
the Certificates for its own account, or for one or more accounts with respect to which the transferee exercises sole investment
discretion, which transferee and any such account is a “qualified institutional buyer” within the meaning of Rule 144A,
in each case in a transaction meeting the requirements of Rule 144A, and are being exchanged or transferred in accordance
with any applicable securities laws of any state of the United States or other applicable jurisdiction.

 

 

 

*
       Select appropriate depository.

 

    Exhibit E-1

     

    

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, the Initial Purchasers, the Trustee, the
Certificate Administrator, the Servicer and the Special Servicer.

 

	 	[Insert Name of Transferor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Dated:
_______

 

cc:
BMO Commercial Mortgage Securities LLC

 

    Exhibit E-2

     

    

EXHIBIT
F

 

FORM
OF CERTIFICATION TO BE GIVEN BY

BENEFICIAL OWNER OF TEMPORARY

REGULATION S GLOBAL CERTIFICATE

 

(Exchanges
pursuant to

Section 5.3(f) of the Trust and Servicing Agreement)

 

Computershare
Trust Company, National Association,

as Certificate Registrar 

600
S. 4th Street, 7th Floor 

Minneapolis,
Minnesota 55415 

Attention:
Corporate Trust Services – Certificate Transfers – BWAY 2022-26BW

 

		Re:	BWAY
                                         Commercial Mortgage Trust 2022-26BW,

                                         Commercial
                                         Mortgage Pass-Through Certificates, Series 2022-26BW,

                                         Class [__]

 

Reference
is hereby made to the Trust and Servicing Agreement, dated as of February 6, 2022 (the “Trust and Servicing Agreement”),
by and among BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer,
Wilmington Trust, National Association, as Trustee, Computershare Trust Company, National Association, as Certificate Administrator,
and Pentalpha Surveillance LLC, as Operating Advisor. Capitalized terms used but not defined herein shall have the meanings given
to them in the Trust and Servicing Agreement.

 

[For
purposes of acquiring a beneficial interest in a Regulation S Global Certificate of the Class specified above after the expiration
of the Restricted Period,] [For purposes of receiving payments under a Temporary Regulation S Global Certificate of the Class
specified above,]* the undersigned holder of a beneficial interest in a Temporary Regulation S Global Certificate
of the Class specified above issued under the Trust and Servicing Agreement certifies that it is not a “U.S. Person”
as defined by Regulation S under the Securities Act of 1933, as amended.

 

We
undertake to advise you promptly by facsimile on or prior to the date on which you intend to submit your corresponding certification
relating to the Certificates of the Class specified above held by you for our account if any applicable statement herein is not
correct on such date, and in the absence of any such notification it may be assumed that this certification applies as of such
date.

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding.

 

 

 

*
       Select, as applicable.

 

    Exhibit F-1

     

    

 

This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, the Initial Purchasers, the Trustee, the
Certificate Administrator, the Servicer and the Special Servicer.

 

		Dated:______________

 

		By:	

	 	 	as,
                                         or as agent for, the holder of a beneficial interest in the Certificates to which this
                                         certificate relates.

 

    Exhibit F-2

     

    

EXHIBIT
G-1

 

FORM
OF TRANSFER CERTIFICATE

FOR NON-BOOK ENTRY CERTIFICATE

TO TEMPORARY REGULATION S GLOBAL CERTIFICATE

 

(Exchanges
or transfers pursuant to

Section 5.3(g) of the Trust and Servicing Agreement)

 

Computershare
Trust Company, National Association,

as Certificate Registrar 

600
S. 4th Street, 7th Floor 

Minneapolis,
Minnesota 55415 

Attention:
Corporate Trust Services – Certificate Transfers – BWAY 2022-26BW

 

		Re:	BWAY
                                         Commercial Mortgage Trust 2022-26BW

                                         Commercial
                                         Mortgage Pass-Through Certificates, Series 2022-26BW,

                                         Class [__]

 

Reference
is hereby made to the Trust and Servicing Agreement, dated as of February 6, 2022 (the “Trust and Servicing Agreement”),
by and among BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer,
Wilmington Trust, National Association, as Trustee, Computershare Trust Company, National Association, as Certificate Administrator,
and Pentalpha Surveillance LLC, as Operating Advisor. Capitalized terms used but not defined herein shall have the meanings given
to them in the Trust and Servicing Agreement.

 

This
letter relates to US $[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of Non-Book Entry Certificates of such Class (CUSIP No. [______]) in the name of [insert name of Transferor]
(the “Transferor”). The Transferor has requested an exchange or transfer of such Non-Book Entry Certificates
for a beneficial interest in the Temporary Regulation S Global Certificate of such Class (CINS No. [______] and ISIN No. [______])
to be held with [Euroclear] [Clearstream]* (Common Code [______]) through the Depository.

 

In
connection with such request, and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer
has been made in compliance with the transfer restrictions set forth in the Trust and Servicing Agreement and pursuant to and
in accordance with Regulation S (“Regulation S”) under the Securities Act of 1933, as amended (the
“Securities Act”), and accordingly the Transferor does hereby certify that:

 

(1)       the
offer of the Certificates was not made to a person in the “United States” (as defined in Regulation S);

 

 

 

*
       Select appropriate depository.

 

    Exhibit G-1-1

     

    

 

[(2) at
the time the buy order was originated, the transferee was outside the United States or the Transferor and any person acting on
its behalf reasonably believed and believes that the transferee was outside the United States;]**

 

[(2) the
transaction was executed in, on or through the facilities of a “designated offshore securities market” (as defined
in Regulation S) and neither the Transferor nor any person acting on its behalf knows that the transaction was pre-arranged with
a buyer in the United States;] **

 

(3)       no
“directed selling efforts” (as defined in Regulation S) have been made in contravention of the requirements of Rule 903(b)
or 904(b) of Regulation S, as applicable; and

 

(4)       the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act.

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, the Initial Purchasers, the Trustee, the
Certificate Administrator, the Servicer and the Special Servicer.

 

	 	[Insert Name of Transferor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Dated:
________

 

cc:
BMO Commercial Mortgage Securities LLC

 

 

 

**
       Insert one of these two provisions, which come from the definition of “offshore
transaction” in Regulation S.

 

    Exhibit G-1-2

     

    

EXHIBIT
G-2

 

FORM
OF TRANSFER CERTIFICATE

FOR NON-BOOK ENTRY CERTIFICATE

TO REGULATION S GLOBAL CERTIFICATE

 

(Exchange
or transfers pursuant to

Section 5.3(g) of the Trust and Servicing Agreement)

 

Computershare
Trust Company, National Association,

as Certificate Registrar 

600
S. 4th Street, 7th Floor 

Minneapolis,
Minnesota 55415 

Attention:
Corporate Trust Services – Certificate Transfers – BWAY 2022-26BW

 

		Re:	BWAY
                                         Commercial Mortgage Trust 2022-26BW,

                                         Commercial
                                         Mortgage Pass-Through Certificates, Series 2022-26BW,

                                         Class [__]

 

Reference
is hereby made to the Trust and Servicing Agreement, dated as of February 6, 2022 (the “Trust and Servicing Agreement”),
by and among BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer,
Wilmington Trust, National Association, as Trustee, Computershare Trust Company, National Association, as Certificate Administrator,
and Pentalpha Surveillance LLC, as Operating Advisor. Capitalized terms used but not defined herein shall have the meanings given
to them in the Trust and Servicing Agreement.

 

This
letter relates to US $[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of Non-Book Entry Certificates of such Class (CUSIP No. [______]) in the name of [insert name of Transferor]
(the “Transferor”). The Transferor has requested an exchange or transfer of such Non-Book Entry Certificates
for a beneficial interest in the Regulation S Global Certificate (CINS No. [______], ISIN No. [______], and Common Code No. [______]).

 

In
connection with such request, and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer
has been made in compliance with the transfer restrictions set forth in the Trust and Servicing Agreement and, with respect to
transfers made in reliance on Regulation S (“Regulation S”) under the Securities Act of 1933, as
amended (the “Securities Act”), the Transferor does hereby certify that:

 

(1)       the
offer of the Certificates was not made to a person in the “United States” (as defined in Regulation S),

 

    Exhibit G-2-1

     

    

 

[(2)      at
the time the buy order was originated, the transferee was outside the United States or the Transferor and any person acting on
its behalf reasonably believed and believes that the transferee was outside the United States,]*

 

[(2)      the
transaction was executed in, on or through the facilities of a “designated offshore securities market” (as defined
in Regulation S) and neither the Transferor nor any person acting on its behalf knows that the transaction was pre-arranged with
a buyer in the United States,] *

 

(3)       no
“directed selling efforts” (as defined in Regulation S) have been made in contravention of the requirements of Rule 903(b)
or 904(b) of Regulation S, as applicable, and

 

(4)       the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act.

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, the Initial Purchasers, the Trustee, the
Certificate Administrator, the Servicer and the Special Servicer.

 

	 	[Insert Name of Transferor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Dated:
_______

 

cc:
BMO Commercial Mortgage Securities LLC

 

 

 

*
       Insert one of these two provisions, which come from the definition of “offshore
transaction” in Regulation S.

 

    Exhibit G-2-2

     

    

EXHIBIT
G-3

 

FORM
OF TRANSFER CERTIFICATE

FOR NON-BOOK ENTRY CERTIFICATE

TO RULE 144A GLOBAL CERTIFICATE

 

(Exchange
or transfers pursuant to

Section 5.3(g) of the Trust and Servicing Agreement)

 

Computershare
Trust Company, National Association,

as Certificate Registrar 

600
S. 4th Street, 7th Floor 

Minneapolis,
Minnesota 55415 

Attention:
Corporate Trust Services – Certificate Transfers – BWAY 2022-26BW

 

		Re:	BWAY
                                         Commercial Mortgage Trust 2022-26BW,

                                         Commercial
                                         Mortgage Pass-Through Certificates, Series 2022-26BW,

                                         Class [__]
                                         

 

Reference
is hereby made to the Trust and Servicing Agreement, dated as of February 6, 2022 (the “Trust and Servicing Agreement”),
by and among BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer,
Wilmington Trust, National Association, as Trustee, Computershare Trust Company, National Association, as Certificate Administrator,
and Pentalpha Surveillance LLC, as Operating Advisor. Capitalized terms used but not defined herein shall have the meanings given
to them in the Trust and Servicing Agreement.

 

This
letter relates to US $[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of Non-Book Entry Certificates of such Class (CUSIP No. [______]) in the name of [insert name of transferor]
(the “Transferor”). The Transferor has requested an exchange or transfer of such beneficial interest for a
beneficial interest in the Rule 144A Global Certificate of such Class (CUSIP No. [______]).

 

In
connection with such request, and in respect of such Certificates, the Transferor does hereby certify that such Certificates are
being exchanged or transferred in accordance with Rule 144A (“Rule 144A”) under the Securities Act
of 1933, as amended (the “Securities Act”), to a transferee that the Transferor reasonably believes is purchasing
the Certificates for its own account, or for one or more accounts with respect to which the transferee exercises sole investment
discretion, which transferee and any such account is a “qualified institutional buyer” within the meaning of Rule 144A,
in each case in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws
of any state of the United States or other applicable jurisdiction.

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding.

 

    Exhibit G-3-1

     

    

 

This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, the Initial Purchasers, the Trustee, the
Certificate Administrator, the Servicer and the Special Servicer.

 

	 	[Insert Name of Transferor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Dated:
_______

 

cc:
BMO Commercial Mortgage Securities LLC

 

    Exhibit G-3-2

     

    

EXHIBIT
H-1

 

FORM
OF TRANSFEROR CERTIFICATION FOR

TRANSFERS OF DEFINITIVE CERTIFICATES

 

Computershare
Trust Company, National Association,

as Certificate Registrar 

600
S. 4th Street, 7th Floor 

Minneapolis,
Minnesota 55415 

Attention:
Corporate Trust Services – Certificate Transfers – BWAY 2022-26BW

 

		Re:	BWAY
                                         Commercial Mortgage Trust 2022-26BW,

                                         Commercial
                                         Mortgage Pass-Through Certificates, Series 2022-26BW,

                                         Class [__]

 

Ladies
and Gentlemen:

 

This
letter is delivered to you in connection with the transfer by [______] (the “Transferor”) to [______] (the
“Transferee”) of a Class [___] Certificate [having an initial [Certificate Balance] [Notional Amount] as of
[________] (the “Settlement Date”) of $[__________]][evidencing a [__]% Percentage Interest in such Class] (the
“Transferred Certificate”). The Certificates, including the Transferred Certificate, were issued pursuant to
the Trust and Servicing Agreement, dated as of February 6, 2022 (the “Trust and Servicing Agreement”), by and
among BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer,
Wilmington Trust, National Association, as Trustee, Computershare Trust Company, National Association, as Certificate Administrator,
and Pentalpha Surveillance LLC, as Operating Advisor. All capitalized terms used but not otherwise defined herein shall have the
respective meanings set forth in the Trust and Servicing Agreement.

 

The
Transferor hereby certifies, represents and warrants to you, as Certificate Registrar, that:

 

(1)       The
Transferor is the lawful owner of the Transferred Certificate with the full right to transfer such Certificate free from any and
all claims and encumbrances whatsoever.

 

(2)       Neither
the Transferor nor anyone acting on its behalf has (a) offered, transferred, pledged, sold or otherwise disposed of any Certificate,
any interest in any Certificate or any other similar security to any person in any manner, (b) solicited any offer to buy
or accept a transfer, pledge or other disposition of any Certificate, any interest in any Certificate or any other similar security
from any person in any manner, (c) otherwise approached or negotiated with respect to any Certificate, any interest in any
Certificate or any other similar security with any person in any manner, (d) made any general solicitation by means of general
advertising or in any other manner, or (e) taken any other action, which (in the case of any of the acts described in clauses
(a) through (e) hereof) would constitute a distribution of any Certificate under the Securities Act of 1933, as amended (the
“Securities Act”), or would render the disposition of any Certificate a violation of Section 5 of the Securities
Act or any state securities laws, or would

 

 

    Exhibit H-1-1

     

    

 

require registration or qualification of any Certificate, or any offer or sale thereof,
pursuant to the Securities Act or any state securities laws.

 

	 	Very truly yours,
	 	 
	 		(Transferor)
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    Exhibit H-1-2

     

    

EXHIBIT
H-2

 

FORM
OF INVESTMENT REPRESENTATION LETTER FOR TRANSFERS OF DEFINITIVE CERTIFICATES

 

Computershare
Trust Company, National Association,

as Certificate Registrar 

600
S. 4th Street, 7th Floor 

Minneapolis,
Minnesota 55415 

Attention:
Corporate Trust Services – Certificate Transfers – BWAY 2022-26BW

 

[Seller] 

[______] 

[______] 

Attention:
[______]

 

		Re:	BWAY
                                         Commercial Mortgage Trust 2022-26BW,

                                         Commercial
                                         Mortgage Pass-Through Certificates, Series 2022-26BW,

                                         Class [__]

 

Ladies
and Gentlemen:

 

This
letter is delivered to you pursuant to Section 5.3(i) of the Trust and Servicing Agreement, dated as of February 6, 2022 (the
“Trust and Servicing Agreement”), by and among BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank
National Association, as Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee, Computershare Trust
Company, National Association, as Certificate Administrator, and Pentalpha Surveillance LLC, as Operating Advisor, in connection
with the transfer by [_______] (the “Seller”) to the undersigned (the “Purchaser”) of [$[______]
aggregate [Certificate Balance] [Notional Amount] of Class [__] Certificates [representing a [__]% Percentage Interest in the
related Class], in certificated fully registered form (such registered interest, the “Transferred Certificate”).
Capitalized terms used but not defined herein shall have the meanings ascribed thereto in the Trust and Servicing Agreement.

 

In
connection with such transfer, the undersigned hereby represents and warrants to you as follows as of the date hereof:

 

1.       Check
one of the following:1

 

☐      The
Purchaser is an “institutional accredited investor” (an “Institutional Accredited Investor”) (i.e.
an entity meeting, or in which all of the equity owners meet, the requirements of Rule 501(a)(1), (2), (3) or (7) of Regulation
D promulgated under the Securities

 

 

 

1
Any Purchaser of Class R Certificates must check the box that it is a QIB. Only QIBs may acquire a Class R Certificate.

 

    Exhibit H-2-1

     

    

 

Act of 1933, as amended (the “Securities Act”)), and has such knowledge
and experience in financial and business matters as to be capable of evaluating the merits and risks of the investment in the
Transferred Certificate, and the Purchaser and any accounts for which the Purchaser is acting are each able to bear the economic
risk of our or its investment. The Purchaser is acquiring the Transferred Certificate for its own account or for one or more accounts
(each of which is an Institutional Accredited Investor) as to each of which the Purchaser exercises sole investment discretion.
The Purchaser hereby undertakes to reimburse the Trust for any costs incurred by it in connection with this transfer.

 

☐
       The Purchaser is a “qualified institutional buyer” (a “QIB”)
within the meaning of Rule 144A (“Rule 144A”) under the Securities Act, and has completed one of the forms
of certification to that effect attached hereto as Annex 1 and Annex 2. The Purchaser is acquiring the Transferred Certificate
for its own account, or for the account of another QIB. The Purchaser is aware that the transfer is being made in reliance on
Rule 144A, and the Purchaser has had the opportunity to obtain the information required to be provided pursuant to paragraph (d)(4)(i)
of Rule 144A. The Purchaser hereby undertakes to reimburse the Trust for any costs incurred by it in connection with this transfer.

 

2.       The
Purchaser’s intention is to acquire the Transferred Certificate (a) for investment for the Purchaser’s own account
or (b) for resale to [(i)] “qualified institutional buyers” in transactions complying with Rule 144A[, FOR TRANSFERS
OF ANY CERTIFICATES OTHER THAN CLASS R: or (ii) Institutional Accredited Investors under the Securities Act, pursuant to any other
exemption from the registration requirements of the Securities Act, subject in the case of this clause (ii) to (a) the receipt
by the Certificate Registrar of a letter substantially in the form hereof, (b) the receipt by the Certificate Registrar of
an opinion of counsel acceptable to the Certificate Registrar that such reoffer, resale, pledge or transfer is in compliance with
the Securities Act, (c) the receipt by the Certificate Registrar of such other evidence acceptable to the Certificate Registrar
that such reoffer, resale, pledge or transfer is in compliance with the Securities Act and other applicable laws (including applicable
state and foreign securities laws), and (d) a written undertaking to reimburse the Trust for any costs incurred by it in
connection with the proposed transfer]. It understands that the Transferred Certificate (and any subsequent Non-Book Entry Certificate)
has not been registered under the Securities Act, by reason of a specified exemption from the registration provisions of the Securities
Act which depends upon, among other things, the bona fide nature of the Purchaser’s investment intent (or intent to resell
to only certain investors in certain exempted transactions) as expressed herein.

 

3.       The
Purchaser acknowledges that the Transferred Certificate (and any Certificate issued on transfer or exchange thereof) has not been
registered or qualified under the Securities Act or the securities laws of any State or any other jurisdiction, and that the Transferred
Certificate cannot be reoffered, resold, pledged or otherwise transferred unless it is registered or qualified thereunder or unless
an exemption from such registration or qualification is available.

 

4.       The
Purchaser has reviewed the applicable Offering Circular dated February 4, 2022, relating to the Certificates (the “Offering
Circular”) and the agreements and other materials referred to therein and has had the opportunity to ask questions and
receive

 

 

    Exhibit H-2-2

     

    

 

answers concerning the terms and conditions of the transactions contemplated by the Offering Circular.

 

5.       The
Purchaser hereby undertakes to be bound by the terms and conditions of the Trust and Servicing Agreement in its capacity as an
owner of a Non-Book Entry Certificate or Certificates, as the case may be (each, a “Certificateholder”), in
all respects as if it were a signatory thereto. This undertaking is made for the benefit of the Trust, the Certificate Registrar
and all Certificateholders present and future.

 

6.       The
Purchaser will not sell or otherwise transfer any portion of the Transferred Certificate, except in compliance with Section 5.3
of the Trust and Servicing Agreement.

 

7.       Check
one of the following:

 

☐       The
Purchaser is a “U.S. Tax Person” and it [will provide by electronic mail]2[has attached hereto]3
an Internal Revenue Service (“IRS”) Form W-9 (or successor form).

 

☐       The
Purchaser is not a “U.S. Tax Person” and under applicable law in effect on the date hereof, no taxes will be required
to be withheld by the Certificate Administrator (or its agent) with respect to Distributions to be made on the Transferred Certificate(s).
The Purchaser [will provide by electronic mail]2 [has attached hereto]3 (i) a duly executed IRS Form W-8BEN
or W-8 BEN-E, as applicable (or successor form), which identifies such Purchaser as the beneficial owner of the Transferred Certificate(s)
and states that such Purchaser is not a U.S. Person, (ii) two duly executed copies of IRS Form W-8IMY (and all appropriate attachment)
or (iii) two duly executed copies of IRS Form W-8ECI (or successor form), which identify such Purchaser as the beneficial
owner of the Transferred Certificate(s) and state that interest and original issue discount on the Transferred Certificate(s)
is, or is expected to be, effectively connected with a U.S. trade or business. The Purchaser agrees to provide to the Certificate
Administrator an updated IRS Form W-8BEN, IRS Form W-8 BEN-E, IRS Form W-8IMY or IRS Form W-8ECI, as the case may be, any applicable
successor IRS forms, or such other certifications as the Certificate Administrator may reasonably request, on or before the date
that any such IRS form or certification expires or becomes obsolete, or promptly after the occurrence of any event requiring a
change in the most recent IRS form of certification furnished by it to the Certificate Administrator.

 

For
the purposes of this paragraph 7, “U.S. Tax Person” means (i) a citizen or resident alien of the United States,
(ii) a corporation, partnership (except as provided in applicable Treasury regulations) or other entity created or organized in
or under the laws of the United States, any State or the District of Columbia, including any entity treated as a corporation or
partnership for federal income tax purposes, (iii) an estate whose income is subject to United States federal income tax regardless
of the source of its income, (iv) 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. Tax Persons have the authority to control all substantial decisions of
such trust (or, to the extent provided in applicable Treasury regulations, certain trusts in existence on August 20, 1996 that
have elected to be treated as a U.S. Tax Person) and (v) any other Person that is disregarded as separate from its owner for U.S.
federal income tax purposes and whose owner is described in clauses (i) through (iv) above.

 

 

 

2
Applicable in the case of a transfer on the Closing Date.

 

3
Applicable in the case of a transfer subsequent to the Closing Date.

 

    Exhibit H-2-3

     

    

 

[8.       The
Transferee agrees to provide the applicable executed IRS form(s) referred to in paragraph 7 above, its payment instructions and
its mailing address to the Certificate Administrator by electronic mail to Anna.Lopez@computershare.com.]4

 

[8. Please
make all payments due on the Transferred Certificate:**

 

(a)       by
wire transfer to the following account at a bank or entity in New York, New York, having appropriate facilities therefor:

 

		Account
                            number:	 	 

	 	Institution:	 	 

 

(b)       by
mailing a check or draft to the following address:

 

	 		 	 

 

 

	 		 	 

The mailing address of the Purchaser is:

 

	 		 	 

 

	 		 	]5

 

[9. The
Class [__] Certificates registered in the name of the Purchaser should be delivered to:

 

	 		 	 

 

	 		 	]6

 

 

  

4
Applicable in the case of a transfer on the Closing Date

 

**       Please
select (a) or (b).

 

5
Applicable in the case of a transfer subsequent to the Closing Date.

 

6
Not applicable to a Credit Risk Retention Certificate held in the Credit Risk Retention Certificate Safekeeping Account
by the Certificate Administrator.

 

 

    Exhibit H-2-4

     

    

 

 

	 	Very truly yours,
	 	 
	 	[Insert
Name of Purchaser]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Dated:
________________, 20__

 

    Exhibit H-2-5

     

    

ANNEX
1

QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

 

[for
Purchasers other than Registered Investment Companies]

 

The
undersigned hereby certifies as follows to [name of Seller] (the “Seller”) and Computershare Trust Company,
National Association, as Certificate Registrar, with respect to the commercial mortgage pass-through certificate being transferred
(the “Transferred Certificate”) as described in the Investment Representation Letter to which this certification
relates and to which this certification is an Annex:

 

1.       As
indicated below, the undersigned is the chief financial officer, a person fulfilling an equivalent function, or other executive
officer of the entity purchasing the Transferred Certificate (the “Purchaser”).

 

2.       The
Purchaser is a “qualified institutional buyer” as that term is defined in Rule 144A under the Securities Act of 1933,
as amended (“Rule 144A”) because (i) the Purchaser owned and/or invested on a discretionary basis at least
$______________________1 in securities (other than the excluded securities referred
to below) as of [[_____] (specific date since the close of the Purchaser’s most recent fiscal year)][the end of the Purchaser’s
most recent fiscal year] (such amount being calculated in accordance with Rule 144A) and (ii) the Purchaser satisfies the
criteria in the category marked below.

 

		☐	Corporation,
                                         etc. The Purchaser is a corporation (other than a bank, savings and loan association
                                         or similar institution), Massachusetts or similar business trust, partnership, limited
                                         liability company, or any organization described in Section 501(c)(3) of the Internal
                                         Revenue Code of 1986, as amended.

 

		☐	Bank.
                                         The Purchaser (a) is a national bank or a banking institution organized under the
                                         laws of any State, U.S. territory or the District of Columbia, the business of which
                                         is substantially confined to banking and is supervised by the State or territorial banking
                                         commission or similar official or is a foreign bank or equivalent institution, and (b) has
                                         an audited net worth of at least $25,000,000 as demonstrated in its latest annual financial
                                         statements, a copy of which is attached hereto, as of a date not more than 16 months
                                         preceding the date of sale of the Transferred Certificate in the case of a U.S. bank,
                                         and not more than 18 months preceding such date of sale for a foreign bank or equivalent
                                         institution.

 

		☐	Savings
and Loan. The Purchaser (a) is a savings and loan association, building and loan association, cooperative bank, homestead
association or similar institution, which is supervised and examined by a State or Federal authority having supervision over any
such institutions or is a foreign

 

 

 

1
Purchaser must own and/or invest on a discretionary basis at least $100,000,000 in securities unless Purchaser is a dealer,
and, in that case, Purchaser must own and/or invest on a discretionary basis at least $10,000,000 in securities.

 

    Exhibit H-2-Annex 1-1

     

    

 

savings and loan association or equivalent institution and (b) has an audited
net worth of at least $25,000,000 as demonstrated in its latest annual financial statements, a copy of which is attached hereto,
as of a date not more than 16 months preceding the date of sale of the Transferred Certificate in the case of a U.S. savings and
loan association, and not more than 18 months preceding such date of sale for a foreign savings and loan association or equivalent
institution.

 

		☐	Broker-dealer.
                                         The Purchaser is a dealer registered pursuant to Section 15 of the Securities Exchange
                                         Act of 1934, as amended.

 

		☐	Insurance
                                         Company. The Purchaser is an insurance company whose primary and predominant business
                                         activity is the writing of insurance or the reinsuring of risks underwritten by insurance
                                         companies and which is subject to supervision by the insurance commissioner or a similar
                                         official or agency of a State, U.S. territory or the District of Columbia.

 

		☐	State
                                         or Local Plan. The Purchaser is a plan established and maintained by a State, its
                                         political subdivisions, or any agency or instrumentality of the State or its political
                                         subdivisions, for the benefit of its employees.

 

		☐	ERISA
                                         Plan. The Purchaser is an employee benefit plan within the meaning of Title I of
                                         the Employee Retirement Income Security Act of 1974, as amended.

 

		☐	Investment
                                         Advisor. The Purchaser is an investment advisor registered under the Investment Advisers
                                         Act of 1940, as amended.

 

		☐	Other.
                                         (Please supply a brief description of the entity and a cross-reference to the paragraph
                                         and subparagraph under subsection (a) (1) of Rule 144A pursuant to which it
                                         qualifies. Note that registered investment companies should complete Annex 2 rather
                                         than this Annex 1.)

 

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

  

3.       The
term “securities” as used herein does not include (i) securities of issuers that are affiliated with the Purchaser,
(ii) securities that are part of an unsold allotment to or subscription by the Purchaser, if the Purchaser is a dealer, (iii) bank
deposit notes and certificates of deposit, (iv) loan participations, (v) repurchase agreements, (vi) securities owned
but subject to a repurchase agreement and (vii) currency, interest rate and commodity swaps. For purposes of determining the aggregate
amount of securities owned and/or invested on a discretionary basis by the Purchaser, the Purchaser did not include any of the
securities referred to in this paragraph.

 

    Exhibit H-2-Annex 1-2

     

    

 

4.       For
purposes of determining the aggregate amount of securities owned and/or invested on a discretionary basis by the Purchaser, the
Purchaser used the cost of such securities to the Purchaser, unless the Purchaser reports its securities holdings in its financial
statements on the basis of their market value, and no current information with respect to the cost of those securities has been
published, in which case the securities were valued at market. Further, in determining such aggregate amount, the Purchaser may
have included securities owned by subsidiaries of the Purchaser, but only if such subsidiaries are consolidated with the Purchaser
in its financial statements prepared in accordance with generally accepted accounting principles and if the investments of such
subsidiaries are managed under the Purchaser’s direction. However, such securities were not included if the Purchaser is
a majority-owned, consolidated subsidiary of another enterprise and the Purchaser is not itself a reporting company under the
Securities Exchange Act of 1934, as amended.

 

5.       The
Purchaser acknowledges that it is familiar with Rule 144A and understands that the Seller and other parties related to the Transferred
Certificates are relying and will continue to rely on the statements made herein because one or more sales to the Purchaser may
be in reliance on Rule 144A.

 

	 	☐	 ☐	Will the Purchaser be purchasing the Transferred
Certificate
	 	Yes	 No	 only for the Purchaser’s own account

  

6.       If
the answer to the foregoing question is “no”, then in each case where the Purchaser is purchasing for an account other
than its own, such account belongs to a third party that is itself a “qualified institutional buyer” within the meaning
of Rule 144A, and the “qualified institutional buyer” status of such third party has been established by the Purchaser
through one or more of the appropriate methods contemplated by Rule 144A.

 

7.       The
Purchaser will notify each of the parties to which this certification is made of any changes in the information and conclusions
herein. Until such notice is given, the Purchaser’s purchase of the Transferred Certificate will constitute a reaffirmation
of this certification as of the date of such purchase. In addition, if the Purchaser is a bank or savings and loan as provided
above, the Purchaser agrees that it will furnish to such parties any updated annual financial statements that become available
on or before the date of such purchase, promptly after they become available.

 

8.       Capitalized
terms used but not defined herein have the respective meanings ascribed thereto in the Trust and Servicing Agreement pursuant
to which the Transferred Certificate was issued.

 

		Print
                            Name of Purchaser

 

		By:	

		Name:	

		Title:	

		Date:
                                         	

 

 

    Exhibit H-2-Annex 1-3

     

    

ANNEX
2

QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

 

[for
Purchasers that are Registered Investment Companies]

 

The
undersigned hereby certifies as follows to [name of Seller] (the “Seller”) and Computershare Trust Company,
National Association, as Certificate Registrar, with respect to the mortgage pass-through certificate being transferred (the “Transferred
Certificate”) as described in the Investment Representation Letter to which this certification relates and to which
this certification is an Annex:

 

1.       As
indicated below, the undersigned is the chief financial officer, a person fulfilling an equivalent function, or other executive
officer of the entity purchasing the Transferred Certificate (the “Purchaser”) or, if the Purchaser is a “qualified
institutional buyer” as that term is defined in Rule 144A under the Securities Act of 1933, as amended (“Rule 144A”)
because the Purchaser is part of a Family of Investment Companies (as defined below), is an executive officer of the investment
adviser (the “Adviser”).

 

2.       The
Purchaser is a “qualified institutional buyer” as defined in Rule 144A because (i) the Purchaser is an investment
company registered under the Investment Company Act of 1940, as amended, and (ii) as marked below, the Purchaser alone owned
and/or invested on a discretionary basis, or the Purchaser’s Family of Investment Companies owned, at least $100,000,000
in securities (other than the excluded securities referred to below) as of [[_____] (specific date since the close of the Purchaser’s
most recent fiscal year)][the end of the Purchaser’s most recent fiscal year]. For purposes of determining the amount of
securities owned by the Purchaser or the Purchaser’s Family of Investment Companies, the cost of such securities was used,
unless the Purchaser or any member of the Purchaser’s Family of Investment Companies, as the case may be, reports its securities
holdings in its financial statements on the basis of their market value, and no current information with respect to the cost of
those securities has been published, in which case the securities of such entity were valued at market.

 

		☐	The
                                         Purchaser owned and/or invested on a discretionary basis $___________________ in securities
                                         (other than the excluded securities referred to below) as of the end of the Purchaser’s
                                         most recent fiscal year (such amount being calculated in accordance with Rule 144A).

 

		☐	The
                                         Purchaser is part of a Family of Investment Companies which owned in the aggregate $______________
                                         in securities (other than the excluded securities referred to below) as of the end of
                                         the Purchaser’s most recent fiscal year (such amount being calculated in accordance
                                         with Rule 144A).

 

3.       The
term “Family of Investment Companies” as used herein means two or more registered investment companies (or series
thereof) that have the same investment adviser or investment advisers that are affiliated (by virtue of being majority owned subsidiaries
of the same parent or because one investment adviser is a majority owned subsidiary of the other).

 

    Exhibit H-2-Annex 2-1

     

    

 

4.       The
term “securities” as used herein does not include (i) securities of issuers that are affiliated with the Purchaser
or are part of the Purchaser’s Family of Investment Companies, (ii) bank deposit notes and certificates of deposit,
(iii) loan participations, (iv) repurchase agreements, (v) securities owned but subject to a repurchase agreement
and (vi) currency, interest rate and commodity swaps. For purposes of determining the aggregate amount of securities owned
and/or invested on a discretionary basis by the Purchaser, or owned by the Purchaser’s Family of Investment Companies, the
securities referred to in this paragraph were excluded.

 

5.       The
Purchaser is familiar with Rule 144A and understands that the parties to which this certification is being made are relying
and will continue to rely on the statements made herein because one or more sales to the Purchaser will be in reliance on Rule 144A.

 

	 	☐	 ☐	Will the Purchaser
    be purchasing the Transferred Certificate
	 	Yes	No	Yes No only for
    the Purchaser’s own account

  

6.       If
the answer to the foregoing question is “no”, then in each case where the Purchaser is purchasing for an account other
than its own, such account belongs to a third party that is itself a “qualified institutional buyer” within the meaning
of Rule 144A, and the “qualified institutional buyer” status of such third party has been established by the
Purchaser through one or more of the appropriate methods contemplated by Rule 144A.

 

7.       The
undersigned will notify the parties to which this certification is made of any changes in the information and conclusions herein.
Until such notice, the Purchaser’s purchase of the Transferred Certificate will constitute a reaffirmation of this certification
by the undersigned as of the date of such purchase.

 

8.       Capitalized
terms used but not defined herein have the respective meanings ascribed thereto in the Trust and Servicing Agreement pursuant
to which the Transferred Certificate was issued.

 

		Print
                            Name of Purchaser or Adviser

 

		By:	

		Name:	

		Title:	

 

IF
AN ADVISER:

_______________________________________

Print Name of Purchaser

Date:

 

    Exhibit H-2-Annex 2-2

     

    

EXHIBIT
H-3

 

[RESERVED]

 

    Exhibit H-3-1

     

    

EXHIBIT
H-4

 

[RESERVED]

 

    Exhibit H-4-1

     

    

EXHIBIT
H-5

 

FORM
OF TRANSFEREE Certificate for Transfer of

Class HRR Certificates

 

[Date]

 

	Bank
                                         of Montreal

        c/o
        BMO Capital Markets Corp.

        151
        West 42nd Street

        New
        York, New York 10036

        Attention:
        Michael Birajiclian and David Schell

        Email:
        Michael.Birajiclian@bmo.com and David.Schell@bmo.com

         

        with
        a copy to:

         

        Bank
        of Montreal

        c/o
        BMO Capital Markets Corp.

        151
        West 42nd Street

        New
        York, New York 10036

        Attention:
        Legal Department

        Email:
        BMOCMUSLegal@bmo.com

	BMO
                                         Commercial Mortgage Securities LLC

        c/o
        BMO Capital Markets Corp.

        151
        West 42nd Street

        New
        York, NY 10036

        Attention:
        Paul Vanderslice, Michael Birajiclian and David Schell

        Email:
        paul.vanderslice@bmo.com; Michael.Birajiclian@bmo.com and David.Schell@bmo.com

         

        with
        a copy to:

         

        BMO
        Commercial Mortgage Securities LLC

        c/o
        BMO Capital Markets Corp.

        151
        West 42nd Street

        New
        York, NY 10036

        Attention:
        Legal Department

        Email:
        BMOCMUSLegal@bmo.com

	 	 
	Computershare
                                         Trust Company, National Association,

                                         as Certificate Registrar

        600
        S. 4th Street, 7th Floor

        Minneapolis,
        Minnesota 55415

        Attention:
        Corporate Trust Services – Certificate Transfers – BWAY 2022-26BW

	 

 

		Re:	BWAY
                                         Commercial Mortgage Trust 2022-26BW, Commercial Mortgage Pass-Through Certificates, Series
                                         2022-26BW (the “Certificates”)

 

Ladies
and Gentlemen:

 

This
letter is delivered to you in connection with the transfer by [______] (the “Transferor”) to [______] (the
“Transferee”) of $[_____] principal balance of the Class HRR Certificates (the “Transferred Interest”):

 

    Exhibit H-5-1

     

    

 

The
Certificates were issued pursuant to the Trust and Servicing Agreement, dated as of February 6, 2022 (the “Trust and
Servicing Agreement”), between BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as
Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee, Computershare Trust Company, National Association,
as Certificate Administrator, and Pentalpha Surveillance LLC, as Operating Advisor. All capitalized terms used but not otherwise
defined herein shall have the respective meanings set forth in the Trust and Servicing Agreement. The Transferor hereby certifies,
represents and warrants to you, in your respective capacities as Certificate Registrar, Retaining Sponsor and Depositor, that:

 

		1.	The
                                         Transferee is acquiring from [__________] (the “Transferor”) $[_____]
                                         principal balance of the Class HRR Certificates (the “Transferred Interest”).

 

		2.	The
                                         Transferee is aware that, following its acquisition of the Transferred Interest, the
                                         Certificate Registrar will not register any transfer of the Transferred Interest by the
                                         Transferee unless the transferee, or such transferee’s agent, delivers to the Certificate
                                         Registrar, among other things, a certificate in substantially the same form as this certificate.
                                         The Transferee expressly agrees that it will not consummate any such transfer if it knows
                                         or believes that any representation contained in such certificate is false.

 

		3.	[If
                                         the Transferee is an insurance company general account relying on PTCE 95-60 to cover
                                         its acquisition of the Transferred Interest, (a) all of the conditions of Parts I and
                                         III of PTCE 95-60 will be satisfied with respect to the acquisition of the Transferred
                                         Interest and (b) the acquisition of the Transferred Interest will be effected through
                                         BMO Capital Markets Corp. or an affiliate thereof.]1

 

		4.	Check
                                         one of the following:

 

		☐	The
                                         Transferee agrees with, and certifies, represents and warrants to, you, in your respective
                                         capacities as Certificate Registrar, Retaining Sponsor and Depositor, that the transfer
                                         will occur during the HRR Interest Transfer Restriction Period and that:

 

		A.	The
Transferee is a “majority-owned affiliate”, as such term is defined in the U.S. Credit Risk Retention Rules, of the
Transferor (a “Majority-Owned Affiliate”).

 

		B.	The
Transferee is not acquiring the Transferred Interest as a nominee, trustee or agent for any person that is not a Majority-Owned
Affiliate, and that for so long as it retains its interest in the Transferred Interest, it will remain a Majority-Owned Affiliate
for so long as it is required to remain a Majority-Owned Affiliate under the TPP Risk Retention Agreement dated and effective
as of February 4, 2022 (the “TPP Risk Retention Agreement”), between BMO Commercial Mortgage Securities LLC,
Bank of Montreal and SIP V RA REIT Rockefeller, LLC, or a Subsequent RR Agreement (as defined in the TPP Risk

 

 

 

1
Applicable if the Transferee is an insurance company general account.

 

    Exhibit H-5-2

     

    

 

Retention Agreement),
as applicable, or under any joinder agreement to the TPP Risk Retention Agreement or such Subsequent RR Agreement, as applicable.

 

		C.	The
Transferee has executed and delivered a Joinder Agreement (as defined in the TPP Risk Retention Agreement), dated as of the date
of the transfer, pursuant to which the Transferee has agreed to be bound by the terms of the TPP Risk Retention Agreement to the
same extent as if the Transferee was the Transferor itself.

 

		☐	The
                                         Transferee agrees with, and certifies, represents and warrants to, you, in your respective
                                         capacities as Certificate Registrar, Retaining Sponsor and Depositor, that the transfer
                                         will occur after the termination of the HRR Interest Transfer Restriction Period.

 

		☐	The
                                         Transferee certifies, represents and warrants to you, in your respective capacities as
                                         Certificate Registrar, Retaining Sponsor and Depositor, that the transfer will occur
                                         on or after the fifth anniversary of the Closing Date (or such earlier date that such
                                         transfer is first permitted under the TPP Applicable Risk Retention Requirements (as
                                         such term is defined in the TPP Risk Retention Agreement) then in effect as reasonably
                                         agreed to by the Retaining Sponsor) and that:

 

		A.	The
                                         Transferee is a “Subsequent Third Party Purchaser”, as such term is defined
                                         in the TPP Risk Retention Agreement, dated and effective as of February 4, 2022 (the
                                         “TPP Risk Retention Agreement”), between BMO Commercial Mortgage Securities
                                         LLC, Bank of Montreal and SIP V RA REIT Rockefeller, LLC.

 

		B.	The
                                         Transferee has executed and delivered to the Retaining Sponsor a Subsequent RR Agreement
                                         (as such term is defined in the TPP Risk Retention Agreement) dated as of the date of
                                         the transfer, as required pursuant to Section 3(d) of the TPP Risk Retention Agreement.

 

		C.	The
                                         transfer will be made in accordance with Section 3(d) of the TPP Risk Retention Agreement,
                                         and the Transferee has complied with all the provisions, and has satisfied all the requirements,
                                         set forth in Section 3(d) of the TPP Risk Retention Agreement.

 

		☐	The
                                         Transferee is otherwise permitted to purchase the Transferred Interest under the terms
                                         of the TPP Risk Retention Agreement or a Subsequent RR Agreement (as defined in the TPP
                                         Risk Retention Agreement), as applicable, or under the terms of any joinder agreement
                                         to the TPP Risk Retention Agreement or such Subsequent RR Agreement. Please provide additional
                                         information in the space below to explain: _____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
	 	 	 
	 	 	 

 

    Exhibit H-5-3

     

    

 

	 	 	 
	 	 	 

 

IN
WITNESS WHEREOF, the Transferee has caused this instrument to be duly executed on its behalf by its duly authorized senior officer
this ___day of _________, 20__.

 

	 	 	[TRANSFEREE]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

The
foregoing certificate is hereby confirmed, and the transfer is accepted, as of the date first above written:

 

[APPLICABLE
RETAINING PARTY]

 

	By:		 
	 	Name:	 
	 	Title:	 

 

 

[Medallion
Stamp Guarantee]

 

[BANK
OF MONTREAL]2

 

	By:		 
	 	Name:	 
	 	Title:	 

 

 

 

2
Signature of Retaining Sponsor is required if the Retaining Sponsor is different than the applicable Retaining Party

 

 

    Exhibit H-5-4

     

    

EXHIBIT
H-6

 

FORM
OF TRANSFEROR Certificate for Transfer of

Class HRR Certificates

 

[Date]

 

	Bank
                                         of Montreal

        c/o
        BMO Capital Markets Corp.

        151
        West 42nd Street

        New
        York, New York 10036

        Attention:
        Michael Birajiclian and David Schell

        Email:
        Michael.Birajiclian@bmo.com and David.Schell@bmo.com

         

        with
        a copy to:

         

        Bank
        of Montreal

        c/o
        BMO Capital Markets Corp.

        151
        West 42nd Street

        New
        York, New York 10036

        Attention:
        Legal Department

        Email:
        BMOCMUSLegal@bmo.com

	BMO
                                         Commercial Mortgage Securities LLC

        c/o
        BMO Capital Markets Corp.

        151
        West 42nd Street

        New
        York, NY 10036

        Attention:
        Paul Vanderslice, Michael Birajiclian and David Schell

        Email:
        paul.vanderslice@bmo.com; Michael.Birajiclian@bmo.com and David.Schell@bmo.com

         

        with
        a copy to:

         

        BMO
        Commercial Mortgage Securities LLC

        c/o
        BMO Capital Markets Corp.

        151
        West 42nd Street

        New
        York, NY 10036

        Attention:
        Legal Department

        Email:
        BMOCMUSLegal@bmo.com

	 	 
	Computershare
                                         Trust Company, National Association,

                                         as Certificate Registrar

        600
        S. 4th Street, 7th Floor

        Minneapolis,
        Minnesota 55415

        Attention:
        Corporate Trust Services – Certificate Transfers – BWAY 2022-26BW

	 

 

		Re:	BWAY
                                         Commercial Mortgage Trust 2022-26BW, Commercial Mortgage Pass-Through Certificates, Series
                                         2022-26BW (the “Certificates”)

 

Ladies
and Gentlemen:

 

This
letter is delivered to you in connection with the transfer by [______] (the “Transferor”) to [______] (the
“Transferee”) of $[_____] principal balance of the Class HRR Certificates (the “Transferred Interest”):

 

    Exhibit H-6-1

     

    

 

The
Certificates were issued pursuant to the Trust and Servicing Agreement, dated as of February 6, 2022 (the “Trust and
Servicing Agreement”), between BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as
Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee, Computershare Trust Company, National Association,
as Certificate Administrator, and Pentalpha Surveillance LLC, as Operating Advisor. All capitalized terms used but not otherwise
defined herein shall have the respective meanings set forth in the Trust and Servicing Agreement. The Transferor hereby certifies,
represents and warrants to you, in your respective capacities as Certificate Registrar, Retaining Sponsor and Depositor, that:

 

		1.	The
                                         transfer is in compliance with Sections 5.2 and 5.3 of the Trust and Servicing Agreement.

 

		2.	Check
                                         one of the following:

 

		☐	The
                                         Transferor certifies, represents and warrants to you, in your respective capacities as
                                         Certificate Registrar, Retaining Sponsor and Depositor, that the transfer will occur
                                         during the HRR Interest Transfer Restriction Period and that:

 

A.   
The transfer is in compliance with the TPP Risk Retention Agreement, between Bank of Montreal, BMO Commercial Mortgage Securities
LLC and SIP V RA REIT Rockefeller, LLC, dated and effective as of February 4, 2022 (the “TPP Risk Retention Agreement”).

 

B.    
The Transferee is a “majority-owned affiliate”, as such term is defined in the U.S. Credit Risk Retention Rules, of
the Transferor.

 

C.    
The Transferor has complied with all of the covenants in all material respects in the TPP Risk Retention Agreement during the
period from the date of the TPP Risk Retention Agreement through and including the date of the transfer.

 

D.   
All of the representations and warranties made by the Transferor in the TPP Risk Retention Agreement are true and correct as of
the date of the transfer as if made on such date.

 

E.    
All of the requirements set forth in Section 3(b) of the TPP Risk Retention Agreement have been complied with through and including
the date of the transfer.

 

		☐	The
                                         Transferor certifies, represents and warrants to you, in your respective capacities as
                                         Certificate Registrar, Retaining Sponsor and Depositor, that the transfer will occur
                                         after the termination of the HRR Interest Transfer Restriction Period.

 

		☐	The
Transferor certifies, represents and warrants to you, in your respective capacities as Certificate Registrar, Retaining Sponsor
and Depositor, that the transfer will occur on or after the fifth anniversary of the Closing Date (or such earlier date that such
transfer is first permitted under the TPP Applicable Risk

 

    Exhibit H-6-2

     

    

 

Retention Requirements (as such term is defined in the TPP Risk Retention
Agreement) then in effect as reasonably agreed to by the Retaining Sponsor) and that:

 

		A.	The
                                         transfer will be made in accordance with Section 3(d) of the TPP Risk Retention Agreement,
                                         between Bank of Montreal, BMO Commercial Mortgage Securities LLC and SIP V RA REIT Rockefeller,
                                         LLC, dated and effective as of February 4, 2022 (the “TPP Risk Retention Agreement”),
                                         and the Transferor has complied with all the provisions, and has satisfied all the requirements,
                                         set forth in Section 3(d) of the TPP Risk Retention Agreement.

 

		B.	The
                                         Transferee is a “Subsequent Third Party Purchaser”, as such term is defined
                                         in the TPP Risk Retention Agreement.

 

3.     
The Transferor understands that the Transferee has delivered to you a Transferee Certificate in the form attached to the Trust
and Servicing Agreement as Exhibit H-5. The Transferor does not know or believe that any representation contained therein
is false.

 

IN
WITNESS WHEREOF, the Transferor has caused this instrument to be duly executed on its behalf by its duly authorized senior officer
this ___day of _________, 20__.

 

	 	 	[TRANSFEROR]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

The
foregoing certificate is hereby confirmed, and the transfer is accepted, as of the date first above written:

 

[APPLICABLE
RETAINING PARTY]1

 

	By:		 
	 	Name:	 
	 	Title:	 

 

 

 

1 Signature
of applicable Retaining Party is required if the applicable Retaining Party is different than the
Transferor.

 

    Exhibit H-6-3

     

    

 

 

[Medallion
Stamp Guarantee]

 

[BANK
OF MONTREAL]2

 

	By:		 
	 	Name:	 
	 	Title:	 

 

2 Signature
of Retaining Sponsor is required if the Retaining Sponsor is different than the Transferor and the applicable Retaining
Party

 

    Exhibit H-6-4

     

    

EXHIBIT
I-1

 

FORM
OF AFFIDAVIT PURSUANT TO

SECTIONS 860D(a)(6)(A) AND 860E(e)(4) OF

THE INTERNAL REVENUE CODE OF 1986, AS AMENDED

 

Computershare
Trust Company, National Association

as Certificate Registrar 

600
S. 4th Street, 7th Floor 

Minneapolis,
Minnesota 55415 

Attention:
Corporate Trust Services – Certificate Transfers – BWAY 2022-26BW

 

[Transferor] 

[______] 

		[______]	

 

		Re:	BWAY
                                         Commercial Mortgage Trust 2022-26BW, Commercial Mortgage Pass-Through Certificates, Series
                                         2022-26BW (the “Certificates”) issued pursuant to the Trust and Servicing
                                         Agreement, dated as of February 6, 2022 (the “Trust and Servicing Agreement”),
                                         by and among BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association,
                                         as Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee,
                                         Computershare Trust Company, National Association, as Certificate Administrator, and
                                         Pentalpha Surveillance LLC, as Operating Advisor. 

 

	STATE OF 	)	 
	 	)	ss.:
	COUNTY OF	)	 

 

I,
[______], under penalties of perjury, declare that, to the best of my knowledge and belief, the following representations are
true, correct and complete, and being first sworn, depose and say that:

 

1.       I
am a [______] of [______] (the “Purchaser”), on behalf of which I have the authority to make this affidavit.

 

2.       The
Purchaser is acquiring Class R Certificates representing [__]% of the residual interest in each of the real estate mortgage investment
conduits (each, a “REMIC”) designated as the (i)  “Lower-Tier REMIC” and (ii) “Upper-Tier
REMIC”, respectively, relating to the Certificates for which an election is to be made under Section 860D of the
Internal Revenue Code of 1986 (the “Code”).

 

3.       The
Purchaser is not a “Disqualified Organization” (as defined below), and that the Purchaser is not acquiring
the Class R Certificates for the account of, or as agent or nominee of, or with a view to the transfer of direct or indirect record
or beneficial ownership thereof, to a Disqualified Organization. For the purposes hereof, a Disqualified Organization is any of
the following: (a) the United States, a State, or any agency or instrumentality of any of

 

    Exhibit I-1-1

     

    

 

the foregoing (other than an instrumentality
that is a corporation if all of its activities are subject to tax and, except for the Federal Home Loan Mortgage Corporation,
a majority of its board of directors is not selected by any such governmental unit), (b) a foreign government, International Organization
or agency or instrumentality of either of the foregoing, (c) an organization that is exempt from tax imposed by Chapter 1 of the
Code (including the tax imposed by Code Section 511 on unrelated business taxable income) on any excess inclusions (as defined
in Section 860E(c)(1)) of the Code with respect to the Class R Certificates (except certain farmers’ cooperatives described
in Section 521 of the Code), (d) rural electric and telephone cooperatives described in Section 1381(a)(2) of the Code or (e)
any other person so designated by the Certificate Administrator based upon an Opinion of Counsel to the effect that any transfer
of a Class R Certificate to such person may cause the Upper Tier REMIC or the Lower Tier REMIC to fail to qualify as a REMIC at
any time that the Certificates are outstanding. The terms “United States,” “State” and “International
Organization” have the meanings set forth in Section 7701 of the Code or successor provisions.

 

4.       The
Purchaser acknowledges that Section 860E(e) of the Code would impose a substantial tax on the transferor or, in certain circumstances,
on an agent for the transferee, with respect to any transfer of any interest in any Class R Certificates to a Disqualified Organization.

 

5.       The
Purchaser is a Permitted Transferee (the Purchaser’s U.S. taxpayer identification number is [____]).

 

6.       No
purpose of the acquisition of the Class R Certificates is to impede the assessment or collection of tax.

 

7.       The
Purchaser will not cause income from the Class R Certificate to be attributable to a foreign permanent establishment or fixed
base, within the meaning of an applicable income tax treaty, of the Purchaser or any other U.S. Tax Person.

 

8.       Check
the applicable paragraph:

 

☐       The
present value of the anticipated tax liabilities associated with holding the Class R Certificate, as applicable, does not exceed
the sum of:

 

(i)       the
present value of any consideration given to the Purchaser to acquire such Class R Certificate;

 

(ii)       the
present value of the expected future distributions on such Class R Certificate; and

 

(iii)       the
present value of the anticipated tax savings associated with holding such Class R Certificate as the related REMIC generates losses.

 

For
purposes of this calculation, (i) the Purchaser is assumed to pay tax at the highest rate currently specified in Section 11(b)
of the Code (but the tax rate in Section 55(b)(1)(B) of the Code (as in effect for tax years beginning on or before
December 31, 2017) may be used in lieu of the highest rate specified in Section 11(b) of the Code if the

 

    Exhibit I-1-2

     

    

 

Purchaser has been
subject to the alternative minimum tax under Section 55 of the Code in the preceding two years and will compute its taxable
income in the current taxable year using the alternative minimum tax rate) and (ii) present values are computed using a discount
rate equal to the short-term Federal rate prescribed by Section 1274(d) of the Code for the month of the transfer and the
compounding period used by the Purchaser.

 

☐       The
transfer of the Class R Certificate complies with U.S. Treasury Regulations Sections 1.860E-1(c)(5) and (6) and, accordingly,

 

(i)       the
Purchaser is an “eligible corporation”, as defined in U.S. Treasury Regulations Section 1.860E-1(c)(6)(i), as
to which income from the Class R Certificate will only be taxed in the United States;

 

(ii)       at
the time of the transfer, and at the close of the Purchaser’s two fiscal years preceding the year of the transfer, the Purchaser
had gross assets for financial reporting purposes (excluding any obligation of a person related to the Purchaser within the meaning
of U.S. Treasury Regulations Section 1.860E-1(c)(6)(ii)) in excess of $100 million and net assets in excess of $10 million;

 

(iii)       the
Purchaser will transfer the Class R Certificate only to another “eligible corporation”, as defined in U.S. Treasury
Regulations Section 1.860E-1(c)(6)(i), in a transaction that satisfies the requirements of U.S. Treasury Regulations Sections
1.860E-1(c)(4)(i), (ii) and (iii) and U.S. Treasury Regulations Section 1.860E-1(c)(5); and

 

(iv)       the
Purchaser determined the consideration paid to it to acquire the Class R Certificate based on reasonable market assumptions (including,
but not limited to, borrowing and investment rates, prepayment and loss assumptions, expense and reinvestment assumptions, tax
rates and other factors specific to the Purchaser) that it has determined in good faith.

 

☐       None
of the above.

 

9.       The
Purchaser historically has paid its debts as they have come due and intends to pay its debts as they come due in the future and
the Purchaser intends to pay taxes associated with holding the Class R Certificates as they become due.

 

10.       The
Purchaser understands that it may incur tax liabilities with respect to the Class R Certificate in excess of any cash flows generated
by such Certificate.

 

11.       The
Purchaser is aware that the Certificate Registrar will not register any transfer of a Class R Certificate by the Transferor unless
the Purchaser, or such Purchaser’s agent, delivers to the Certificate Registrar, among other things, an affidavit and agreement
in substantially the same form as this affidavit and agreement. The Purchaser expressly agrees that it will not transfer the Class
R Certificates to any Person that does not provide such affidavit and agreement or as to which the Purchaser has actual knowledge
that such Person is not a Permitted Transferee or is acting as an agent (including a broker, nominee or other middleman) for a
Person that is not a Permitted Transferee.

 

    Exhibit I-1-3

     

    

 

12.       The
Purchaser represents that it is not acquiring the Class R Certificate as a nominee, trustee or agent for any person that is not
a Permitted Transferee and that for so long as it retains its interest in the Class R Certificate, it will endeavor to remain
a Permitted Transferee.

 

13.       The
Purchaser consents to any additional restrictions or arrangements that shall be deemed necessary upon advice of counsel to constitute
a reasonable arrangement to ensure that the Class R Certificate will only be owned, directly or indirectly, by a Permitted Transferee.

 

14.       The
Purchaser has reviewed the provisions of Section 5.3 of the Trust and Servicing Agreement, a description of which provisions
is set forth in the Class R Certificates; and the Purchaser expressly agrees to be bound by and to comply with such provisions.

 

15.       The
Purchaser consents (a) to the designation of the Certificate Administrator as the “partnership representative” within
the meaning of Code Section 6223 (to the extent such provision is applicable to the Trust REMICs) of each Trust REMIC pursuant
to Section 12.1 of the Trust and Servicing Agreement and (b) to the Certificate Administrator making any elections allowed to
avoid (i) the application of Code Section 6221 to the Trust REMIC and (ii) payment by the Trust REMIC under Code Section 6225
of any tax, penalty, interest or other amount imposed under the Code that would otherwise be imposed on the holders of the Class
R Certificates.

 

Capitalized
terms used but not defined herein have the meanings assigned thereto in the Trust and Servicing Agreement.

 

    Exhibit I-1-4

     

    

 

IN
WITNESS WHEREOF, the Purchaser has caused this instrument to be duly executed on its behalf by its duly authorized officer this
___day of _________, 20__.

 

	 	By:	
	 	 	Name:
	 	 	Title:

 

	 	By:	
	 	 	Name:
	 	 	Title:

 

On
this ____ day of _______20__, before me, the undersigned, a Notary Public in and for the State of _______________, duly commissioned
and sworn, personally appeared ______________________ and ________________________, known or proved to me to be the same persons
who executed the foregoing instrument and to be _____________________________ and ___________________________, respectively, of
the Purchaser, and acknowledged to me that they executed the same as their respective free acts and deeds and as the free act
and deed of the Purchaser.

 

	 	

NOTARY PUBLIC in and for the

State of _______________

 

	[SEAL]	 
	 	 
	My Commission expires:	 

 

 

 

    Exhibit I-1-5

     

    

 

EXHIBIT
I-2

 

FORM
OF TRANSFEROR LETTER FOR TRANSFER OF CLASS R CERTIFICATES

 

[Date]

 

Computershare
Trust Company, National Association

as Certificate Registrar 

600
S. 4th Street, 7th Floor 

Minneapolis,
Minnesota 55415 

Attention:
Corporate Trust Services – Certificate Transfers – BWAY 2022-26BW

 

		Re:	BWAY
                                         Commercial Mortgage Trust 2022-26BW,

                                         Commercial
                                         Mortgage Pass-Through Certificates, Series 2022-26BW,

                                         Class R 

 

Ladies
and Gentlemen:

 

This
letter is delivered to you in connection with the transfer by [______] (the “Transferor”) to [______] (the
“Transferee”) of Class R Certificates evidencing a [__]% Percentage Interest in such Class (the “Residual
Certificates”). The Certificates, including the Residual Certificates, were issued pursuant to the Trust and Servicing
Agreement, dated as of February 6, 2022 (the “Trust and Servicing Agreement”), by and among BMO Commercial
Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wilmington Trust, National
Association, as Trustee, Computershare Trust Company, National Association, as Certificate Administrator, and Pentalpha Surveillance
LLC, as Operating Advisor. All capitalized terms used but not otherwise defined herein shall have the respective meanings set
forth in the Trust and Servicing Agreement. The Transferor hereby certifies, represents and warrants to you, as Certificate Registrar,
that:

 

(1)       The
Transferor is the lawful owner of the Residual Certificates with the full right to transfer such Certificate free from any and
all claims and encumbrances whatsoever.

 

(2)       In
connection with such request, and in respect of such Residual Certificates, the Transferor does hereby certify that such Residual
Certificates are being exchanged or transferred in accordance with Rule 144A (“Rule 144A”) under the Securities
Act of 1933, as amended (the “Securities Act”), to a transferee that the Transferor reasonably believes is
purchasing the Residual Certificates for its own account, or for one or more accounts with respect to which the transferee exercises
sole investment discretion, and the transferee and any such account is a “qualified institutional buyer” within the
meaning of Rule 144A in each case in a transaction meeting the requirements of Rule 144A and in accordance with any applicable
securities laws of any state of the United States or other applicable jurisdiction.

 

(3)       No
purpose of the Transferor relating to the transfer of the Residual Certificates by the Transferor to the Transferee is or will
be to impede the assessment or collection of any tax.

 

    Exhibit I-2-1

     

    

 

(4)       The
Transferor understands that the Transferee has delivered to you a Transferee Affidavit in the form attached to the Trust and Servicing
Agreement as Exhibit I-1. The Transferor has no actual knowledge that the Transferee is not a Permitted Transferee and has no
actual knowledge or reason to know that the Transferee’s representations in clause (9) of such Transferee Affidavit are
false.

 

(5)       The
Transferor has at the time of this transfer conducted a reasonable investigation of the financial condition of the Transferee
as contemplated by Treasury regulation Section 1.860E-1(c)(4)(i) and, as a result of that investigation, the Transferor
has determined that the Transferee has historically paid its debts as they became due and has found no significant evidence to
indicate that the Transferee will not continue to pay its debts as they become due in the future. The Transferor understands that
the transfer of the Residual Certificates may not be respected for United States income tax purposes (and the Transferor may continue
to be liable for United States income taxes associated therewith) unless the Transferor has conducted such an investigation.

 

	 	Very truly yours,
	 	 
	 		(Transferor)
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    Exhibit I-2-2

     

    

EXHIBIT
J

 

FORM
OF ERISA REPRESENTATION LETTER

 

[Date]

 

Computershare
Trust Company, National Association,

as Certificate Registrar 

600
S. 4th Street, 7th Floor 

Minneapolis,
Minnesota 55415 

Attention:
Corporate Trust Services – Certificate Transfers – BWAY 2022-26BW

 

Computershare
Trust Company, National Association,

as Certificate Administrator 

9062
Old Annapolis Road 

Columbia,
Maryland 21045 

Attention:
Corporate Trust Services– BWAY 2022-26BW

 

[Transferor] 

[______] 

[______] 

Attention:
[______]

 

		Re:	BWAY
                                         Commercial Mortgage Trust 2022-26BW,

                                         Commercial
                                         Mortgage Pass-Through Certificates, Series 2022-26BW

 

Ladies
and Gentlemen:

 

The
undersigned (the “Purchaser”) proposes to purchase [$[__] initial [principal][notional] amount of] [a [__]%
percentage interest in] the BWAY Commercial Mortgage Trust 2022-26BW, Commercial Mortgage Pass-Through Certificates, Series 2022-26BW,
Class [A] [X] [B] [C] [D] [E] [F] [G] [HRR] [R] (the “Subject Certificates”) issued pursuant to that certain
Trust and Servicing Agreement, dated as of February 6, 2022 (the “Trust and Servicing Agreement”), by and among
BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wilmington
Trust, National Association, as Trustee, Computershare Trust Company, National Association, as Certificate Administrator, and
Pentalpha Surveillance LLC, as Operating Advisor. Capitalized terms used and not otherwise defined herein have the respective
meanings ascribed to such terms in the Trust and Servicing Agreement.

 

[FOR
TRANSFERS OF CLASS R CERTIFICATES: In connection with such transfer, the undersigned hereby represents and warrants to you that,
with respect to the Subject Certificates, the Purchaser is not an employee benefit plan or other plan subject to the fiduciary
responsibility provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) or Section
4975 of the Internal Revenue Code of 1986, as amended (the “Code”), or a governmental plan (as defined in Section
3(32) of ERISA) or other plan that is subject to any federal, state or local law that is, to a material extent, similar to Section
406 of ERISA or Section

 

    Exhibit J-1

     

    

 

4975 of the Code (“Similar Law”) (each, a “Plan”), or any person
acting on behalf of any such Plan or using the assets of a Plan to purchase the Subject Certificates.]

 

[FOR
TRANSFERS OF REGULAR CERTIFICATES IN THE FORM OF DEFINITIVE CERTIFICATES: In connection with such transfer, the undersigned hereby
represents and warrants to you as of the date hereof that, with respect to the Subject Certificates, the statement marked below
is true and correct (check one of the following):

 

☐ the
Purchaser is not an employee benefit plan or other plan subject to the fiduciary responsibility provisions of the Employee Retirement
Income Security Act of 1974, as amended (“ERISA”) or Section 4975 of the Internal Revenue Code of 1986, as
amended (the “Code”), or a governmental plan (as defined in Section 3(32) of ERISA) or other plan that is subject
to any federal, state or local law that is, to a material extent, similar to Section 406 of ERISA or Section 4975 of the Code
(“Similar Law”) (each, a “Plan”), or any person acting on behalf of any such Plan or using
the assets of a Plan to purchase the Subject Certificates; or

 

[DELETE
THE FOLLOWING PARAGRAPH FOR TRANSFERS OF ERISA RESTRICTED CERTIFICATES:

 

☐ (1)
the Purchaser has acquired and is holding the Subject Certificates in reliance on the Underwriter Exemption, (2) the Purchaser
understands that there are certain conditions to the availability of the Underwriter Exemption, including that the Subject Certificates
must be rated, at the time of purchase, not lower than “BBB-” (or its equivalent) by a credit rating agency that meets
the requirements of the Underwriter Exemption, (3) the Subject Certificates are so rated and (4) the Purchaser is an “accredited
investor” as defined in Rule 501(a)(1) of Regulation D of the Commission under the Securities Act; or]

 

☐
(1) the Purchaser is an insurance company, (2) the source of funds used to acquire or hold the Subject Certificates or interest
therein is an “insurance company general account,” as such term is defined in Prohibited Transaction Class Exemption
(“PTCE”) 95-60, and (3) all of the conditions in Sections I and III of PTCE 95-60 have been satisfied; or

 

☐
the Purchaser is a Plan subject to Similar Law and none of the acquisition, holding or disposition of the Subject Certificates
by the Purchaser will constitute or result in a non-exempt violation of Similar Law.]

 

[FOR
TRANSFERS OF CLASS R CERTIFICATES: The Purchaser hereby represents and warrants to you that the Purchaser is a “qualified
institutional buyer” within the meaning of Rule 144A under the Securities Act of 1933, as amended.]

 

IN
WITNESS WHEREOF, the Purchaser hereby executes this ERISA Representation Letter on the ___ day of _____, ____.

 

    Exhibit J-2

     

    

 

	 	Very truly yours,
	 	 
	 	[The Purchaser]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    Exhibit J-3

     

    

EXHIBIT
K-1

 

FORM
OF INVESTOR CERTIFICATION - ACCESS TO INFORMATION

 

[Date]

 

Computershare
Trust Company, National Association 

9062
Old Annapolis Road 

Columbia,
Maryland 21045 

Attention:
Corporate Trust Services– BWAY 2022-26BW

 

Wilmington
Trust, National Association, as Trustee 

1100
North Market Street 

Wilmington,
Delaware 19890 

Attention:
CMBS Trustee – BWAY 2022-26BW

 

KeyBank
National Association, as Servicer 

11501
Outlook Street, Suite 300

Overland Park, Kansas 66211

Attention: Michael A. Tilden 

Email:
michael_a_tilden@keybank.com

 

With
a copy to:

 

Polsinelli

900 West 48th Place, Suite 900

Kansas City, Missouri 64112

Attention: Kraig Kohring

Email: kkohring@polsinelli.com

 

KeyBank
National Association, as Special Servicer 

11501
Outlook Street, Suite 300

Overland Park, Kansas 66211

Attention: Alan Williams 

Email:
keybank_notices@keybank.com

 

with
a copy to:

 

Polsinelli

900 West 48th Place, Suite 900

Kansas City, Missouri 64112

Attention: Kraig Kohring

Email: kkohring@polsinelli.com

 

    Exhibit K-1-1

     

    

 

		Attention:	BWAY
                                         Commercial Mortgage Trust 2022-26BW

                                         Commercial
                                         Mortgage Pass-Through Certificates, Series 2022-26BW

 

In
accordance with the Trust and Servicing Agreement, dated as of February 6, 2022 (the “Agreement”), by and among
BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wilmington
Trust, National Association, as Trustee, Computershare Trust Company, National Association, as Certificate Administrator, and
Pentalpha Surveillance LLC, as Operating Advisor, with respect to the above-referenced certificates (the “Certificates”),
the undersigned hereby certifies and agrees as follows:

 

1.       The
undersigned is [a [Certificateholder][Beneficial Owner][prospective purchaser] of the Class [__] Certificates] [the Controlling
Class Representative] [a Consenting Party] [a Consulting Party] [a Companion Loan Holder] [the representative of a Companion Loan
Holder].

 

2.       The
undersigned is not (i) a Borrower Restricted Party, (ii) an affiliate of a Borrower Restricted Party or (iii) an agent
of one or more of the foregoing individuals or entities.

 

3.       The
undersigned is requesting access pursuant to the Agreement to certain information (the “Information”) on the
Certificate Administrator’s Website and/or the Servicer’s Website and/or is requesting the information identified
on the schedule attached hereto (also, the “Information”) pursuant to the provisions of the Agreement. In consideration
of the disclosure to the undersigned of the Information, or the access thereto, the undersigned shall keep the Information confidential
(except from such outside persons as are assisting it in making an evaluation in connection with purchasing the related Certificates,
from its accountants and attorneys, and otherwise from such governmental or banking authorities or agencies to which the undersigned
is subject), and such Information shall not, without the prior written consent of the Certificate Administrator (with respect
to any Information obtained from the Certificate Administrator), the Servicer (with respect to any Information obtained from the
Servicer) or the Special Servicer (with respect to any Information obtained from the Special Servicer), as applicable, be otherwise
disclosed by the undersigned or by its officers, directors, partners, employees, agents or representatives (collectively, the
“Representatives”) in any manner whatsoever, in whole or in part. The undersigned shall not use or disclose
the Information in any manner which could result in a violation of any provision of the Securities Act of 1933, as amended (the
“Securities Act”), or the Securities Exchange Act of 1934, as amended, or would require registration of any
Certificate not previously registered pursuant to Section 5 of the Securities Act.

 

4.       The
undersigned shall be fully liable for any breach of this certificate by itself or any of its Representatives and shall indemnify
and hold harmless the Depositor, the Certificate Administrator, the Trustee, the Servicer, the Special Servicer, the Operating
Advisor and the Trust Fund for any loss, liability or expense incurred thereby with respect to any such breach by the undersigned
or any of its Representatives.

 

    Exhibit K-1-2

     

    

 

5.
The undersigned agrees to promptly notify the Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator
and the Trustee by delivery thereto of a certification substantially in the form of Exhibit K-3 to the Agreement if the undersigned
becomes a Borrower Restricted Party, an affiliate of a Borrower Restricted Party or an agent of one or more of the foregoing individuals
or entities.

 

6.       The
undersigned agrees that each time it accesses the Certificate Administrator’s Website or the Servicer’s Website, the
undersigned is deemed to have recertified that the representations and covenants contained herein remain true and correct.

 

7.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

 

    Exhibit K-1-3

     

    

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall have caused, or shall be deemed to have
caused, its name to be signed hereto by its duly authorized signatory, as of the date certified.

 

	 	[CERTIFICATEHOLDER]
    [BENEFICIAL OWNER] [PROSPECTIVE PURCHASER] [CONTROLLING CLASS REPRESENTATIVE] [A CONSENTING PARTY] [A CONSULTING PARTY] [COMPANION
    LOAN HOLDER] [REPRESENTATIVE OF A COMPANION LOAN HOLDER]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

  

    Exhibit K-1-4

     

    

EXHIBIT
K-2

 

FORM
OF INVESTOR CERTIFICATION -

ACCESS SOLELY TO DISTRIBUTION DATE STATEMENTS

 

[Date]

 

Computershare
Trust Company, National Association 

9062
Old Annapolis Road 

Columbia,
Maryland 21045 

Attention:
Corporate Trust Services– BWAY 2022-26BW

 

Wilmington
Trust, National Association, as Trustee 

1100
North Market Street 

Wilmington,
Delaware 19890 

Attention:
CMBS Trustee – BWAY 2022-26BW

 

KeyBank
National Association, as Servicer 

11501
Outlook Street, Suite 300

Overland Park, Kansas 66211

Attention: Michael A. Tilden 

Email:
michael_a_tilden@keybank.com

 

With
a copy to:

 

Polsinelli

900 West 48th Place, Suite 900

Kansas City, Missouri 64112

Attention: Kraig Kohring

Email: kkohring@polsinelli.com

 

KeyBank
National Association, as Special Servicer 

11501
Outlook Street, Suite 300

Overland Park, Kansas 66211

Attention: Alan Williams 

Email:
keybank_notices@keybank.com

 

with
a copy to:

 

Polsinelli

900 West 48th Place, Suite 900

Kansas City, Missouri 64112

Attention: Kraig Kohring

Email: kkohring@polsinelli.com

 

    Exhibit K-2-1

     

    

 

		Attention:	BWAY
                                         Commercial Mortgage Trust 2022-26BW

                                         Commercial
                                         Mortgage Pass-Through Certificates, Series 2022-26BW

 

In
accordance with the Trust and Servicing Agreement, dated as of February 6, 2022 (the “Agreement”), by and among
BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wilmington
Trust, National Association, as Trustee, Computershare Trust Company, National Association, as Certificate Administrator, and
Pentalpha Surveillance LLC, as Operating Advisor, with respect to the above-referenced certificates (the “Certificates”),
the undersigned hereby certifies and agrees as follows:

 

1.       The
undersigned is [a [Certificateholder][Beneficial Owner][prospective purchaser] of the Class [__] Certificates] [the Controlling
Class Representative] [a Consenting Party] [a Consulting Party] [a Companion Loan Holder] [the representative of a Companion Loan
Holder].

 

2.       The
undersigned is (i) a Borrower Restricted Party, (ii) an affiliate of a Borrower Restricted Party or (iii) an agent of one or more
of the foregoing individuals or entities.

 

3.       The
undersigned is requesting access solely to the Distribution Date Statement (the “Information”) and agrees to
keep the Information confidential (except from such outside persons as are assisting it in making an evaluation in connection
with purchasing the related Certificates, from its accountants and attorneys, and otherwise from such governmental or banking
authorities or agencies to which the undersigned is subject), and such Information shall not, without the prior written consent
of the Certificate Administrator, be otherwise disclosed by the undersigned or by its officers, directors, partners, employees,
agents or representatives (collectively, the “Representatives”) in any manner whatsoever, in whole or in part.
The undersigned shall not use or disclose the Information in any manner which could result in a violation of any provision of
the Securities Act of 1933, as amended (the “Securities Act”), or the Securities Exchange Act of 1934, as amended,
or would require registration of any Certificate not previously registered pursuant to Section 5 of the Securities Act.

 

4.       The
undersigned shall be fully liable for any breach of this agreement by itself or any of its Representatives and shall indemnify
and hold harmless the Depositor, the Certificate Administrator, the Trustee, the Servicer, the Special Servicer, the Operating
Advisor and the Trust Fund for any loss, liability or expense incurred thereby with respect to any such breach by the undersigned
or any of its Representatives.

 

5.
       The undersigned agrees that each time it accesses the Certificate Administrator’s
Website, the undersigned is deemed to have recertified that the representations and covenants contained herein remain true and
correct.

 

6.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

 

    Exhibit K-2-2

     

    

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall have caused, or shall be deemed to have
caused, its name to be signed hereto by its duly authorized signatory, as of the date certified.

 

	 	[CERTIFICATEHOLDER]
[BENEFICIAL OWNER] [PROSPECTIVE PURCHASER] [CONTROLLING CLASS REPRESENTATIVE] [CONSENTING PARTY] [CONSULTING PARTY] [COMPANION
LOAN HOLDER] [REPRESENTATIVE OF A COMPANION LOAN HOLDER]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

  

    Exhibit K-2-3

     

    

EXHIBIT
K-3

 

FORM
OF INVESTOR CERTIFICATION – VOTING AND OTHER RIGHTS

 

[Date]

 

Computershare
Trust Company, National Association 

9062
Old Annapolis Road 

Columbia,
Maryland 21045 

Attention:
Corporate Trust Services– BWAY 2022-26BW

 

[Wilmington
Trust, National Association, as Trustee 

1100
North Market Street 

Wilmington,
Delaware 19890 

Attention:
CMBS Trustee – BWAY 2022-26BW]1

 

[KeyBank
National Association, as Servicer 

11501
Outlook Street, Suite 300

Overland Park, Kansas 66211

Attention: Michael A. Tilden 

Email:
michael_a_tilden@keybank.com

 

With
a copy to:

 

Polsinelli

900 West 48th Place, Suite 900

Kansas City, Missouri 64112

Attention: Kraig Kohring

Email: kkohring@polsinelli.com]1

 

[KeyBank
National Association, as Special Servicer 

11501
Outlook Street, Suite 300

Overland Park, Kansas 66211

Attention: Alan Williams 

Email:
keybank_notices@keybank.com

 

with
a copy to:

 

Polsinelli

900 West 48th Place, Suite 900

Kansas City, Missouri 64112

 

 

 

1 Include
for certifications of the Controlling Class Representative, the Majority Controlling Class Certificateholder(s) or the Holder
or Beneficial Owner of a Certificate in the Controlling Class pursuant to Section 9.1 of the Agreement.

 

    Exhibit K-3-1

     

    

 

Attention: Kraig Kohring

Email: kkohring@polsinelli.com]1

 

[Pentalpha
Surveillance LLC 

375
N. French Road 

Suite
100 

Amherst,
New York 14228 

Attention:
BWAY 2022-26BW – Surveillance Manager 

with
copies sent contemporaneously via e-mail to: cmbs.notices@parkbridgefinancial.com]1

 

		Attention:	BWAY
                                         Commercial Mortgage Trust 2022-26BW

                                         Commercial
                                         Mortgage Pass-Through Certificates, Series 2022-26BW

 

In
accordance with the Trust and Servicing Agreement, dated as of February 6, 2022 (the “Agreement”), by and among
BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wilmington
Trust, National Association, as Trustee, Computershare Trust Company, National Association, as Certificate Administrator, and
Pentalpha Surveillance LLC, as Operating Advisor, with respect to the above-referenced certificates (the “Certificates”),
the undersigned hereby certifies as of the date hereof and agrees as follows:

 

1.       The
undersigned [is a [Certificateholder][Beneficial Owner] of the Class [__] Certificates] [[is] [has been designated to become]
the Controlling Class Representative].

 

2.       [FOR
EXERCISE OF VOTING AND OTHER RIGHTS: The undersigned [[intends to exercise] [is prohibited from exercising]] [[Voting Rights]
[rights as [a Holder or Beneficial Owner of Certificates in the Controlling Class][the Controlling Class Representative]] under
the Agreement [or, if the undersigned is not a U.S. Person, the undersigned has irrevocably appointed [______], a U.S. Person,
to vote on its behalf, and to have full discretion as to such vote,] and the undersigned (please check each of the following that
is applicable):

 

		☐	is
                                         not either (1) the Depositor, the Servicer, the Special Servicer, the Trustee, the Certificate
                                         Administrator, the Operating Advisor or any of their sub-servicers or respective Affiliates
                                         or (2) a Borrower Restricted Party.

 

		☐	is
                                         the Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating
                                         Advisor or any of their sub-servicers or an Affiliate of one of the foregoing (in which
                                         case the undersigned is prohibited from exercising Voting Rights or, if applicable, any
                                         other rights as a Holder or Beneficial Owner of the Controlling Class of Certificates,
                                         other than as expressly authorized in the definition of “Certificateholder”).

 

		☐	is
                                         a Borrower Restricted Party (in which case the undersigned is prohibited from exercising
                                         Voting Rights or, if applicable, any other rights as a Holder or Beneficial Owner of
                                         Certificates in the Controlling Class).]

 

    Exhibit K-3-2

     

    

 

3.       [for
controlling class representative: The undersigned [is not a Borrower Restricted Party] [has become a Borrower Restricted
Party and is required to resign as Controlling Class Representative in accordance with Section 9.1 of the Agreement]2.]

 

3.       [FOR
NOTICE BY MAJORITY CONTROLLING CLASS CERTIFICATEHOLDER(S) OF APPOINTMENT OF CONTROLLING CLASS REPRESENTATIVE: The undersigned
[is][are] the Majority Controlling Class Certificateholder[s] that [is][are] appointing the Controlling Class Representative and
the undersigned [is][are] not a Borrower Restricted Party. The undersigned hereby appoint[s] [NAME OF CONTROLLING CLASS REPRESENTATIVE]
as the Controlling Class Representative.]

 

3.       [notice
that controlling class representative is a borrower restricted party: The undersigned is a [Holder] [Beneficial Owner]
of Certificates of the Controlling Class and has gained actual knowledge that [specify
name of applicable individual or entity], the acting Controlling Class Representative, is a Borrower Restricted Party.]2

 

4.       The
undersigned agrees that, if it has not otherwise identified itself as a Borrower Restricted Party, then it shall promptly notify
the Servicer, the Special Servicer, the Certificate Administrator, the Trustee and the Operating Advisor by delivery of a certification
substantially in the form of Exhibit K-3 to the Agreement if the undersigned becomes a Borrower Restricted Party. Furthermore,
if the undersigned is a Holder or Beneficial Owner of Certificates of the Controlling Class, and if the undersigned gains actual
knowledge that the Controlling Class Representative is a Borrower Restricted Party, then it shall promptly so notify the Servicer,
the Special Servicer, the Certificate Administrator, the Trustee, and the Operating Advisor by delivery of a certification substantially
in the form of Exhibit K-3 to the Agreement.

 

5.       The
undersigned shall be fully liable for any breach of this certificate by itself or any of its officers, directors, partners, employees,
agents or representatives (collectively, the “Representatives”) and shall indemnify and hold harmless the Depositor,
the Certificate Administrator, the Trustee, the Servicer, the Special Servicer, the Operating Advisor and the Trust Fund for any
loss, liability or expense incurred thereby with respect to any such breach by the undersigned or any of its Representatives.

 

6.       The
undersigned agrees that each time it exercises any Voting Rights or other rights as a Certificateholder, a Beneficial Owner of
Certificates or a Controlling Class Representative under the Agreement, the undersigned is deemed to have recertified that the
representations and covenants contained herein remain true and correct.

 

7.       [FOR
CONTROLLING CLASS REPRESENTATIVE: Any notice to the Controlling Class Representative shall be directed to

 

________________________________________

 

 

 

2 Paragraphs
2, 4 and 5 may be omitted if the sole purpose of this certification is to provide this notice.

 

    Exhibit K-3-3

     

    

 

________________________________________

 

________________________________________]

 

8.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

 

    Exhibit K-3-4

     

    

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall have caused, or shall be deemed to have
caused, its name to be signed hereto by its duly authorized signatory, as of the date certified.

 

	 	[CERTIFICATEHOLDER]
[BENEFICIAL OWNER] [PROSPECTIVE PURCHASER] [CONTROLLING CLASS REPRESENTATIVE] [MAJORITY CONTROLLING CLASS CERTIFICATEHOLDER(S)]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    Exhibit K-3-5

     

    

EXHIBIT
L

 

APPLICABLE
SERVICING CRITERIA

 

The
assessment of compliance to be delivered by the referenced party shall address, at a minimum, the criteria identified below as
“Applicable Servicing Criteria” applicable to such party, as such criteria may be updated or limited by the Commission
or its staff (including, without limitation, not requiring the delivery of certain of the items set forth on this Exhibit based
on interpretive guidance provided by the Commission or its staff relating to Item 1122 of Regulation AB). For the avoidance of
doubt, for purposes of this Exhibit L, other than with respect to Item 1122(d)(2)(iii), references to Servicer or Special Servicer,
as the case may be, below shall include any Sub-Servicer engaged by a Servicer or Special Servicer, as applicable. At all times
that the Servicer and the Special Servicer are the same entity, the Servicer and Special Servicer may provide a combined assessment
of compliance in respect of their combined responsibilities under Item 1122 of Regulation AB.

 

	APPLICABLE
    Servicing Criteria 	applicable
    Party
	Reference	Criteria	 
	 	General
    Servicing Considerations	 
	1122(d)(1)(i)	Policies
    and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction
    agreements.	Servicer

                                         Special Servicer

        Certificate
        Administrator

	1122(d)(1)(ii)	If
    any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third
    party’s performance and compliance with such servicing activities.	Servicer

    Special Servicer Certificate Administrator
	1122(d)(1)(iii)	Any
    requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained.	N/A
	1122(d)(1)(iv)	A
    fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout
    the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements.	Servicer

        Special
        Servicer

        Custodian
        (in the case of the Custodian, if such entity is not also the Certificate Administrator)

	1122(d)(1)(v)	Aggregation
    of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information.	Servicer

        Special
        Servicer

        Certificate
        Administrator

	 	Cash
    Collection and Administration	 
	1122(d)(2)(i)	Payments
    on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than
    two business days following receipt, or such other number of days specified in the transaction agreements.	Servicer

        Special
        Servicer

        Certificate
        Administrator

	1122(d)(2)(ii)	Disbursements
    made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.	Certificate
    Administrator 

 

    Exhibit L-1

     

    

 

	APPLICABLE
    Servicing Criteria 	applicable
    Party
	Reference	Criteria	 
	1122(d)(2)(iii)	Advances
    of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such
    advances, are made, reviewed and approved as specified in the transaction agreements.	Servicer

        Special
        Servicer

        Trustee (in the case of the Trustee, to the extent the Trustee was required to make an advance during the applicable calendar
        year)

	1122(d)(2)(iv)	The
    related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization,
    are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.	Servicer

                                         Special Servicer

        Certificate
        Administrator

	1122(d)(2)(v)	Each
    custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements.  For
    purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution
    means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Exchange Act.	Servicer

                                         Special Servicer

        Certificate
        Administrator

	1122(d)(2)(vi)	Unissued
    checks are safeguarded so as to prevent unauthorized access.	Servicer

                                         Special Servicer

        Certificate
        Administrator

	1122(d)(2)(vii)	Reconciliations
    are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related
    bank clearing accounts.  These reconciliations are (A) mathematically accurate; (B) prepared within 30
    calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements;
    (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations
    for reconciling items.  These reconciling items are resolved within 90 calendar days of their original identification,
    or such other number of days specified in the transaction agreements.	Servicer

                                         Special Servicer

        Certificate
        Administrator

	 	Investor
    Remittances and Reporting	 
	1122(d)(3)(i)	Reports
    to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements
    and applicable Commission requirements.  Specifically, such reports (A) are prepared in accordance with timeframes
    and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms
    specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations;
    and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number
    of mortgage loans serviced by the Reporting Servicer.	Certificate
    Administrator

    Operating Advisor (excluding clauses (C) and (D) in the case of the Operating Advisor)
	1122(d)(3)(ii)	Amounts
    due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth
    in the transaction agreements.	Certificate
    Administrator
	1122(d)(3)(iii)	Disbursements
    made to an investor are posted within two business days to the Reporting Servicer’s investor records, or such other
    number of days specified in the transaction agreements.	Certificate
    Administrator
	1122(d)(3)(iv)	Amounts
    remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.	Certificate
    Administrator
	 	Pool
    Asset Administration	 
	1122(d)(4)(i)	Collateral
    or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents.	Servicer

                                         Special Servicer

        Custodian

 

    Exhibit L-2

     

    

 

	APPLICABLE
    Servicing Criteria 	applicable
    Party
	Reference	Criteria	 
	1122(d)(4)(ii)	Mortgage
    loan and related documents are safeguarded as required by the transaction agreements	Custodian
	1122(d)(4)(iii)	Any
    additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or
    requirements in the transaction agreements.	Servicer

                                         Special Servicer

        Certificate
        Administrator

	1122(d)(4)(iv)	Payments
    on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer’s
    obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction
    agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage loan
    documents.	Servicer
	1122(d)(4)(v)	The
    Servicer’s records regarding the mortgage loans agree with the Servicer’s records with respect to an obligor’s
    unpaid principal balance.	Servicer
	1122(d)(4)(vi)	Changes
    with respect to the terms or status of an obligor’s mortgage loans (e.g., loan modifications or re-agings) are made,
    reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.	Servicer

    Special Servicer
	1122(d)(4)(vii)	Loss
    mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and
    repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements
    established by the transaction agreements.	Special
                                         Servicer

        Operating
        Advisor

	1122(d)(4)(viii)	Records
    documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction
    agreements.  Such records are maintained on at least a monthly basis, or such other period specified in the transaction
    agreements, and describe the entity’s activities in monitoring delinquent mortgage loans including, for example, phone
    calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).	Servicer

    Special Servicer
	1122(d)(4)(ix)	Adjustments
    to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan
    documents.	Servicer
	1122(d)(4)(x)	Regarding
    any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the
    obligor’s mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements;
    (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and
    state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage
    loans, or such other number of days specified in the transaction agreements.	Servicer
	1122(d)(4)(xi)	Payments
    made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates,
    as indicated on the appropriate bills or notices for such payments, provided that such support has been received by
    the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.	Servicer
	1122(d)(4)(xii)	Any
    late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s
    funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission.	Servicer
	1122(d)(4)(xiii)	Disbursements
    made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the servicer,
    or such other number of days specified in the transaction agreements.	Servicer

 

    Exhibit L-3

     

    

 

	APPLICABLE
    Servicing Criteria 	applicable
    Party
	Reference	Criteria	 
	1122(d)(4)(xiv)	 Delinquencies,
    charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.	Servicer
	1122(d)(4)(xv)	Any
    external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB,
    is maintained as set forth in the transaction agreements.	N/A

 

    Exhibit L-4

     

    

EXHIBIT
M

 

FORM
OF NRSRO CERTIFICATION

 

[Date]

 

Computershare
Trust Company, National Association 

9062
Old Annapolis Road 

Columbia,
Maryland 21045 

Attention:
Corporate Trust Services– BWAY 2022-26BW

 

		Attention:	BWAY
                                         Commercial Mortgage Trust 2022-26BW,

                                         Commercial
                                         Mortgage Pass-Through Certificates, Series 2022-26BW

 

In
accordance with the Trust and Servicing Agreement, dated as of February 6, 2022 (the “Agreement”), by and among
BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wilmington
Trust, National Association, as Trustee, Computershare Trust Company, National Association, as Certificate Administrator, and
Pentalpha Surveillance LLC, as Operating Advisor, with respect to the above-referenced certificates, the undersigned hereby certifies
and agrees as follows:

 

		1.	The
                                         undersigned, a nationally recognized statistical rating organization (“NRSRO”),
                                         as such term is used in Rule 17g-5 under the Exchange Act, (a) has provided the Depositor
                                         with the appropriate certifications pursuant to paragraph (e) of Rule 17g-5 under the
                                         Exchange Act, and (b) agrees to keep any information obtained from the Certificate Administrator’s
                                         Website and the 17g-5 Information Provider’s Website (the “Information”)
                                         confidential (except to the extent such information has been made available to the general
                                         public), and such Information shall not, without the prior written consent of the Certificate
                                         Administrator, be otherwise disclosed by the undersigned or by its officers, directors,
                                         partners, employees, agents, or representatives in any manner whatsoever, in whole or
                                         in part.

 

		2.	The
                                         undersigned agrees that each time it accesses the Certificate Administrator’s Website
                                         or the 17g-5 Information Provider’s Website, it shall be deemed to have recertified
                                         that the representations above remain true and correct.

 

Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

 

    Exhibit M-1

     

    

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall have caused, or shall be deemed to have
caused, its name to be signed hereto by its duly authorized signatory, as of the date certified.

 

	 	[NRSRO]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

 

    Exhibit M-2

     

    

EXHIBIT
N

 

FORM
OF ONLINE MARKET DATA PROVIDER CERTIFICATION

 

Computershare
Trust Company, National Association 

9062
Old Annapolis Road 

Columbia,
Maryland 21045 

Attention:
Corporate Trust Services– BWAY 2022-26BW

 

		Attention:	BWAY
                                         Commercial Mortgage Trust 2022-26BW

                                         Commercial
                                         Mortgage Pass-Through Certificates, Series 2022-26BW

 

In
connection with the Trust and Servicing Agreement, dated as of February 6, 2022 (the “Trust and Servicing Agreement”),
by and among BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer,
Wilmington Trust, National Association, as Trustee, Computershare Trust Company, National Association, as Certificate Administrator
(the “Certificate Administrator”), and Pentalpha Surveillance LLC, as Operating Advisor, the undersigned hereby
certifies and agrees as follows:

 

		1.	The
                                         undersigned is an employee or agent of [Bloomberg, L.P.] [BlackRock Financial Management,
                                         Inc.] [CMBS.com, Inc.] [Intex Solutions, Inc.] [Markit Group Limited] [Trepp, LLC]
                                         [KBRA Analytics, LLC] [Moody’s Analytics, Inc.], a market data provider that has
                                         been given access to the Distribution Date Statements, CREFC® Reports
                                         and supplemental notices on the Certificate Administrator’s Website by request
                                         of the Depositor.

 

		2.	The
                                         undersigned agrees that each time it accesses Certificate Administrator’s Website,
                                         the undersigned is deemed to have recertified that the representation above remains true
                                         and correct.

 

		3.	The
                                         undersigned acknowledges and agrees that the provision to it of information and/or reports
                                         on Certificate Administrator’s Website is for its own use only, and agrees that
                                         it shall not disseminate or otherwise make such information available to any other person
                                         without the written consent of the Depositor.

 

		4.	The
                                         undersigned shall be fully liable for any breach of this agreement by itself or by any
                                         of its officers, directors, partners, employees, agents or representatives (collectively,
                                         the “Representatives”) and shall indemnify and hold harmless the Depositor,
                                         the Trustee, the Certificate Administrator, the Servicer, the Special Servicer, the Operating
                                         Advisor and the Trust Fund for any loss, liability or expense incurred thereby with respect
                                         to any such breach by the undersigned or any of its Representatives.

 

		5.	Capitalized
                                         terms used but not defined herein shall have the respective meanings assigned thereto
                                         in the Agreement.

 

    Exhibit N-1

     

    

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall have caused, or shall be deemed to have
caused, its name to be signed hereto by its duly authorized signatory, as of the date certified.

 

	 	[MARKET
DATA PROVIDER]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

  

    Exhibit N-2

     

    

EXHIBIT
O

 

FORM
OF OPERATING ADVISOR ANNUAL REPORT1

 

Report
Date: This report will be delivered annually no later than 120 days after the end of calendar year, pursuant to the terms
and conditions of the Trust and Servicing Agreement, dated as of February 6, 2022 (the “Trust and Servicing Agreement”),
among BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer,
Computershare Trust Company, National Association, as Certificate Administrator, Wilmington Trust, National Association, as trustee,
and Pentalpha Surveillance LLC, as Operating Advisor.

 

Transaction:
BWAY Commercial Mortgage Trust 2022-26BW, Commercial Mortgage Pass-Through Certificates, Series 2022-26BW

Operating Advisor: Pentalpha Surveillance LLC

Special Servicer: KeyBank National Association 

Controlling
Class Representative: [   ]

 

I.       Executive
Summary

 

Based
on the requirements and qualifications set forth in the Trust and Servicing Agreement, as well as the items listed below, the
Operating Advisor (in accordance with the requirements set forth in the Trust and Servicing Agreement) has undertaken a review
of the Special Servicer’s actions and decisions with respect to the Mortgage Loan (i) after a Special Servicing Loan Event
or an Operating Advisor Consultation Trigger Event and (ii) with respect to Major Decisions (as provided in Sections 3.10(h),
9.3(a) and 9.5 of the Trust and Servicing Agreement), in each case in light of Accepted Servicing Practices and the requirements
of the Trust and Servicing Agreement. Based solely on such limited review of the items listed below, and subject to the assumptions,
limitations and qualifications set forth herein, the Operating Advisor [believes/ does not believe] in its sole discretion exercised
in good faith, that the Special Servicer is performing its duties in compliance with (1) Accepted Servicing Practices and (2)
the Special Servicer’s obligations under the Trust and Servicing Agreement during the prior calendar year.

 

		●	[LIST
                                         OF ANY MATERIAL DEVIATIONS FROM (1) ACCEPTED SERVICING PRACTICES AND/OR (2) THE SPECIAL
                                         SERVICER’S OBLIGATIONS UNDER THE TRUST AND SERVICING AGREEMENT]

 

In
addition, the Operating Advisor notes the following: [PROVIDE SUMMARY OF ANY ADDITIONAL MATERIAL INFORMATION].

 

 

  

1       This report is an indicative report and does not reflect the final form of annual
report to be used in any particular year. The Operating Advisor will have the ability to modify or alter the organization and
content of any particular report, subject to the compliance with the terms of the Trust and Servicing Agreement, including, without
limitation, provisions relating to Privileged Information.

 

    Exhibit O-1

     

    

 

[ADD
RECOMMENDATION OF REPLACEMENT OF SPECIAL SERVICER, IF APPLICABLE]

 

II.       List
of Items that Were Considered in Compiling this Report

 

In
rendering our assessment herein, we examined and (with the exception of the items listed in paragraph no. 4 below) relied upon
the accuracy and completeness of the items listed below:

 

		1.	Each
                                         Major Decision Reporting Package that is delivered or made available to the Operating
                                         Advisor by the Special Servicer pursuant to the Trust and Servicing Agreement.

 

		2.	Reports
                                         by the Special Servicer made available to Privileged Persons that are posted on the Certificate
                                         Administrator’s Website that are relevant to the Operating Advisor’s obligations
                                         under the Trust and Servicing Agreement and certain information it has reasonably requested
                                         from the Special Servicer, each Final Asset Status Report [AFTER AN OPERATING ADVISOR
                                         CONSULTATION TRIGGER EVENT: and each other Asset Status Report], in each case, delivered
                                         or made available to the Operating Advisor pursuant to the terms of the Trust and Servicing
                                         Agreement.

 

		3.	The
                                         Special Servicer’s annual compliance statement, assessment of compliance report
                                         and attestation report by a third party regarding the Special Servicer’s compliance
                                         with its obligations delivered or made available to the Operating Advisor pursuant to
                                         the Trust and Servicing Agreement.

 

		4.	Net
                                         present value calculations and Appraisal Reduction Amount calculations delivered or made
                                         available to the Operating Advisor by the Special Servicer pursuant to the Trust and
                                         Servicing Agreement.

 

		5.	[LIST
                                         OTHER REVIEWED INFORMATION]

 

		6.	[INSERT
                                         IF AFTER AN OPERATING ADVISOR CONSULTATION TRIGGER EVENT]: Consulted with the Special
                                         Servicer as provided under the Trust and Servicing Agreement on Asset Status Reports
                                         delivered or made available to the Operating Advisor pursuant to the terms of the Trust
                                         and Servicing Agreement and with respect to Major Decisions and such other matters as
                                         to which the Special Servicer is to consult with the Operating Advisor as a Consulting
                                         Party pursuant to the Trust and Servicing Agreement.]

 

		7.	[INSERT
                                         IF AFTER AN OPERATING ADVISOR CONSULTATION TRIGGER EVENT:] During the prior year, the
                                         Operating Advisor consulted with the Special Servicer regarding its strategy plan for
                                         a limited number of issues related to the Mortgage Loan: [LIST]. The Operating Advisor
                                         participated in discussions and made strategic observations and recommended alternative
                                         courses of action to the extent it deemed such observations and recommendations appropriate.

 

NOTE:
The Operating Advisor’s review of the above materials should be considered a limited review and not be considered a full
or limited audit. For instance, we did not review each page of the Special Servicer’s policy and procedure manuals (including
amendments and appendices), review underlying lease agreements or similar underlying documents (other than documents that

 

    Exhibit O-2

     

    

 

the
Operating Advisor is required to review pursuant to Section 9.5 of the Trust and Servicing Agreement), re-engineer the quantitative
aspects of their net present value calculations, visit any related property, visit the Special Servicer, visit the Controlling
Class Representative or interact with the Borrower. In addition, our review of the net present value calculations and Appraisal
Reduction Amount calculations is limited to the mathematical accuracy of the calculations and the corresponding application of
the non-discretionary portions of the applicable formulas, and as such, does not take into account the reasonableness of the discretionary
portions of such formulas.

 

		III.	Assumptions,
                                         Qualifications and Disclaimers Related to the Work Product Undertaken and Opinions Related
                                         to this Report

 

		1.	As
                                         provided in the Trust and Servicing Agreement, the Operating Advisor is not required
                                         to report on instances of non-compliance with, or deviations from, Accepted Servicing
                                         Practices or the Special Servicer’s obligations under the Trust and Servicing Agreement
                                         that the Operating Advisor determines, in its sole discretion exercised in good faith,
                                         to be immaterial.

 

		2.	In
                                         rendering our assessment herein, we have assumed that all executed factual statements,
                                         instruments, and other documents that we have relied upon in rendering this assessment
                                         have been executed by persons with legal capacity to execute such documents.

 

		3.	Other
                                         than the receipt of the Major Decision Reporting Package or any Asset Status Report that
                                         is delivered or made available to the Operating Advisor pursuant to the terms of the
                                         Trust and Servicing Agreement, the Operating Advisor did not participate in, or have
                                         access to, the Special Servicer’s and Controlling Class Representative’s
                                         discussion(s) regarding the Mortgage Loan. The Operating Advisor does not have authority
                                         to speak with the Controlling Class Representative or the Borrower directly. As such,
                                         the Operating Advisor relied solely upon the information delivered to it by the Special
                                         Servicer or otherwise available to it under the Trust and Servicing Agreement as well
                                         as its interaction with the Special Servicer, if any, in gathering the relevant information
                                         to generate this report. The services that we perform are not designed and cannot be
                                         relied upon to detect fraud or illegal acts should any exist.

 

		4.	The
                                         Special Servicer has the legal authority and responsibility to service the Mortgage Loan
                                         pursuant to the Trust and Servicing Agreement. The Operating Advisor has no responsibility
                                         or authority to alter the standards set forth therein or the actions of the Special Servicer.

 

		5.	Confidentiality
                                         and other contractual limitations limit the Operating Advisor’s ability to outline
                                         the details or substance of any communication held between it and the Special Servicer
                                         regarding the Mortgage Loan and certain information it reviewed in connection with its
                                         duties under the Trust and Servicing Agreement. As a result, this report may not reflect
                                         all the relevant information that the Operating Advisor is given access to by the Special
                                         Servicer.

 

    Exhibit O-3

     

    

 

		6.	The
                                         Operating Advisor is not empowered to speak with any investors directly. If the investors
                                         have questions regarding this report, they should address such questions to the Certificate
                                         Administrator through the Certificate Administrator’s Website.

 

		7.	This
                                         report does not constitute recommendations to buy, sell or hold any security, nor does
                                         the Operating Advisor take into account market prices of securities or financial markets
                                         generally when performing its limited review of the Special Servicer as described above.
                                         The Operating Advisor does not have a fiduciary relationship with any Certificateholder
                                         or any other party or individual. Nothing is intended to or should be construed as creating
                                         a fiduciary relationship between the Operating Advisor and any Certificateholder, party
                                         or individual.

 

Terms
used but not defined herein have the meaning set forth in the Trust and Servicing Agreement.

 

[THE
OPERATING ADVISOR]

 

	By:		 
	Name:	 
	Title:	 

 

    Exhibit O-4

     

    

EXHIBIT
P

 

FORM
OF DISTRIBUTION DATE STATEMENT

 

    Exhibit P-1

     

    

EXHIBIT
Q

 

FORM
OF RECOMMENDATION OF SPECIAL SERVICER TERMINATION

 

Wilmington
Trust, National Association, as Trustee 

1100
North Market Street 

Wilmington,
Delaware 19890

Attention: CMBS Trustee – BWAY 2022-26BW

 

Computershare
Trust Company, National Association, as Certificate Administrator 

9062
Old Annapolis Road 

Columbia,
Maryland 21045 

Attention:
Corporate Trust Services– BWAY 2022-26BW

 

KeyBank
National Association, as Special Servicer 

11501
Outlook Street, Suite 300

Overland Park, Kansas 66211

Attention: Alan Williams 

Email:
keybank_notices@keybank.com

 

with
a copy to:

 

Polsinelli

900 West 48th Place, Suite 900

Kansas City, Missouri 64112

Attention: Kraig Kohring

Email: kkohring@polsinelli.com

 

BWAY
Commercial Mortgage Trust 2022-26BW, Commercial Mortgage Pass-Through Certificates, Series 2022-26BW 

 

Ladies
and Gentlemen:

 

This
letter is delivered pursuant to Section 7.1(e) of the Trust and Servicing Agreement, dated as of February 6, 2022 (the “Trust
and Servicing Agreement”), between BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association,
as Servicer and as Special Servicer, Pentalpha Surveillance LLC, as Operating Advisor, Computershare Trust Company, National Association,
as Certificate Administrator, and Wilmington Trust, National Association, as Trustee, on behalf of the holders of BWAY Commercial
Mortgage Trust 2022-26BW, Commercial Mortgage Pass-Through Certificates, Series 2022-26BW (the “Certificates”)
regarding the replacement of the Special Servicer. Capitalized terms used and not otherwise defined herein shall have the respective
meanings ascribed to such terms in the Trust and Servicing Agreement.

 

Based
upon our review of the operational practices of [_______], in its current capacity as Special Servicer, conducted pursuant to
and in accordance with the Trust and Servicing Agreement, it is our determination, in our sole discretion exercised in good faith,
that (1) [________], in its current capacity as Special Servicer, is not performing its duties as

 

    Exhibit Q-1

     

    

 

required under the Trust and
Servicing Agreement or has failed to comply with Accepted Servicing Practices and (2) a replacement of the Special Servicer would
be in the best interest of the Certificateholders as a collective whole. The following factors support our determination: [________].

 

    Exhibit Q-2

     

    

 

Based
upon such determination, we further hereby recommend that [_______] be removed as Special Servicer and that [________] be appointed
its successor in such capacity.

 

	 	Very truly yours,
	 	 
	 	[THE
    OPERATING ADVISOR]

 

	 	By:	 	 
	 	 	Name:	 
	 	 	Title:	 

 

Dated:

 

    Exhibit Q-3

     

    

EXHIBIT
R

 

FORM
OF CERTIFICATE ADMINISTRATOR RECEIPT IN RESPECT OF CREDIT RISK RETENTION CERTIFICATES

 

[Date]

 

[Name
and Address of Retaining Party]

 

		Re:	BWAY
                                         Commercial Mortgage Trust 2022-26BW, Commercial Mortgage Pass-Through Certificates, Series
                                         2022-26BW (BMO Commercial Mortgage Securities LLC, as Depositor) 

 

In
accordance with Section 5.2(f) of the Trust and Servicing Agreement, dated as of February 6, 2022 (the “Agreement”),
pursuant to which the captioned series of commercial mortgage pass-through certificates (the “Certificates”)
were issued, the undersigned, as Certificate Administrator, hereby acknowledges receipt and possession of, and further agrees
that it shall hereafter hold in the Credit Risk Retention Certificate Safekeeping Account, the Certificates identified on Schedule
I attached hereto (the “Subject Certificates”), which constitute some or all of the HRR Interest, for the benefit
of [Name of Retaining Party], the registered holder of the Subject Certificates, pursuant to the Agreement. Payments on the Subject
Certificates shall be made to the registered holder thereof in accordance with the Agreement, including pursuant to any written
wiring instructions provided in accordance with the Agreement.

 

This
receipt is solely for the benefit of the addressee and is non-transferable. Possession of this receipt by any other Person will
not entitle such Person to delivery of, or any rights in respect of, the Subject Certificates. The Subject Certificates are subject
to the restrictions on transfer set forth in, and shall not be released from the Credit Risk Retention Certificate Safekeeping
Account except in accordance with, the Agreement.

 

Capitalized
terms used but not defined herein shall the respective meanings set forth in the Agreement.

 

	 	
Computershare
Trust Company, National Association, not in its
individual capacity but solely as Certificate Administrator

	 
	 	 	 	 
	 	By:	 	 
	 	 	Name:	 
	 	 	Title:	 

  

    Exhibit R-1

     

    

Schedule
I

 

Certificates
Registered in the Name of [Retaining Party]

 

	Class

(CUSIP) 
	Certificate

No. 
	Initial

Certificate Balance 

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

    Exhibit R-2

     

    

EXHIBIT
S

 

[RESERVED]

 

    Exhibit S-1

     

    

EXHIBIT
T-1

 

[RESERVED]

 

    Exhibit T-1-1

     

    

EXHIBIT
T-2

 

[RESERVED]

 

    Exhibit T-2-1

     

    

EXHIBIT
U

 

LOAN
SELLER SUB-SERVICERS

 

[None]

 

    Exhibit U-1

     

    

EXHIBIT
V

 

ADDITIONAL
FORM 10-D DISCLOSURE

 

For
so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the parties identified
in the “Party Responsible” column (with each Servicing Function Participant deemed to be responsible for the following
items for which the party that retained such Servicing Function Participant is responsible) are obligated pursuant to Section
13.4 of the Trust and Servicing Agreement to disclose to each Other Depositor and each Other Exchange Act Reporting Party to which
such Additional Form 10-D Disclosure is relevant for Exchange Act reporting purposes, any information described in the corresponding
Form 10-D Item described in the “Item on Form 10-D” column to the extent such party has actual knowledge (and in the
case of net operating income, financial statements, budgets and/or rent rolls required to be provided in connection with Item
6 below, possession) (in each case, after complying with its affirmative obligations, if any, under the Trust and Servicing Agreement
to obtain such information) of such information (other than information as to such party itself which such party is obligated
to provide). Each of the Certificate Administrator, the Trustee, the Custodian, the Operating Advisor, the Servicer and the Special
Servicer shall be entitled to rely on the accuracy of the Offering Circular and the offering materials with respect to any related
Other Securitization Trust (other than information with respect to itself that is set forth in or omitted from such offering materials
or the Offering Circular), in the absence of specific written notice to the contrary from the applicable Other Depositor or the
Loan Sellers. Each of the Certificate Administrator, the Trustee, the Custodian, the Servicer, the Special Servicer and the Operating
Advisor (in its capacity as such) shall be entitled to conclusively assume that there is no “significant obligor”
other than a party identified as such in the offering materials with respect to any related Other Securitization Trust. For any
related Other Pooling and Servicing Agreement, each of the Certificate Administrator, the Trustee, the Custodian, the Servicer,
the Special Servicer, and the Operating Advisor (in its capacity as such) shall be entitled to assume that there is no provider
of credit enhancement, liquidity or derivative instruments within the meaning of Items 1114 or 1115 of Regulation AB other than
a party identified as such in the offering materials with respect to the related Other Securitization Trust.

 

	Item
    on Form 10-D	Party
    Responsible 
	Item
1: Distribution and Pool Performance Information 

                                                                                                                                                    

        Any
information required by Item 1121 of Regulation AB which is NOT included on the Distribution Date Statement 
	Certificate
Administrator 

        Servicer
(only with respect to Item 1121(a)(12) of Regulation AB and only if no Special Servicing Loan Event has occurred and is continuing) 

         

        Special
Servicer (only with respect to Item 1121(a)(12) of Regulation AB and only if a Special Servicing Loan Event has occurred and is
continuing) 

 

    Exhibit V-1

     

    

 

	Item
    on Form 10-D	Party
    Responsible 
	Item
2: Legal Proceedings 

                                                                                                                                                    

        per
Item 1117 of Regulation AB 
	(i)
    The Trustee, the Certificate Administrator, the Custodian, the Operating Advisor, the Servicer and the Special Servicer(as
    to themselves), (ii) any other Reporting Servicer (as to itself), and (iii) the Trustee, the Certificate Administrator, the
    Custodian, the Servicer and the Special Servicer, in each case as to the Trust (in the case of the Servicer and the Special
    Servicer, to be reported by the party controlling such litigation)
	Item
    6:  Significant Obligors of Pool Assets	Servicer
(excluding information for which the Special Servicer is the “Party Responsible”) 

        Special
Servicer (as to Foreclosed Properties) 

	Item
                                         9: Other Information

         
	Any
    party responsible for disclosure items on Form 8-K to the extent of such items
	Item
    10:  Exhibits	Certificate
    Administrator

 

    Exhibit V-2

     

    

EXHIBIT
W

 

ADDITIONAL
FORM 10-K DISCLOSURE

 

For
so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the parties identified
in the “Party Responsible” column (with each Servicing Function Participant deemed to be responsible for the following
items for which the party that retained such Servicing Function Participant is responsible) are obligated pursuant to Section
13.5 of the Trust and Servicing Agreement to disclose to each Other Depositor and each Other Exchange Act Reporting Party to which
such Additional Form 10-K Disclosure is relevant for Exchange Act reporting purposes, any information described in the corresponding
Form 10-K Item described in the “Item on Form 10-K” column to the extent such party has actual knowledge (and in the
case of net operating income, financial statements, budgets and/or rent rolls required to be provided in connection with the Additional
Item below consisting of disclosure per Item 1112(b) of Regulation AB, possession) (in each case, after complying with its affirmative
obligations, if any, under the Trust and Servicing Agreement to obtain such information) of such information (other than information
as to such party itself which such party is obligated to provide). Each of the Certificate Administrator, the Trustee, the Custodian,
the Operating Advisor, the Servicer and the Special Servicer shall be entitled to rely on the accuracy of the Offering Circular
and the offering materials with respect to any related Other Securitization Trust (other than information with respect to itself
that is set forth in or omitted from such offering materials or the Offering Circular), in the absence of specific written notice
to the contrary from the applicable Other Depositor or the Loan Sellers. Each of the Certificate Administrator, the Trustee, the
Custodian, the Operating Advisor, the Servicer and the Special Servicer (in its capacity as such) shall be entitled to conclusively
assume that there is no “significant obligor” other than a party identified as such in the offering materials with
respect to any related Other Securitization Trust. For any related Other Pooling and Servicing Agreement, each of the Certificate
Administrator, the Trustee, the Custodian, the Operating Advisor, the Servicer and the Special Servicer (in its capacity as such)
shall be entitled to assume that there is no provider of credit enhancement, liquidity or derivative instruments within the meaning
of Items 1114 or 1115 of Regulation AB other than a party identified as such in the offering materials with respect to the related
Other Securitization Trust.

 

	Item
    on Form 10-K	Party
    Responsible 
	Item
    9B:  Other Information	Any
    party responsible for disclosure items on Form 8-K to the extent of such items
	Item
    15:  Exhibits, Financial Statement Schedules	Certificate
    Administrator

 

    Exhibit W-1

     

    

 

	Item
    on Form 10-K	Party
    Responsible 
	Additional
Item: 

        Disclosure
per Item 1117 of Regulation AB 
	(i)
    the Trustee, the Certificate Administrator, the Custodian, the Operating Advisor, the Servicer and the Special Servicer (as
    to themselves), (ii) any other Reporting Servicer (as to itself), (iii) the Trustee, the Certificate Administrator, the Custodian,
    the Servicer and the Special Servicer, in each case as to the Trust (in the case of the Servicer and the Special Servicer,
    to be reported by the party controlling such litigation)
	Additional
Item: 

        Disclosure
        per Item 1119 of Regulation AB

         
	The
    Trustee, the Certificate Administrator, the Custodian, the Operating Advisor, the Servicer and the Special Servicer (as to
    themselves) (in the case of the Servicer, only as to 1119(a) affiliations with “significant obligors” identified
    in the related Other Pooling and Servicing Agreement, the Trustee, the Certificate Administrator, the Custodian, the Special
    Servicer or a sub-servicer described in 1108(a)(3) and, in the case of the Special Servicer, only as to 1119(a) affiliations
    with “significant obligors” identified in the related Other Pooling and Servicing Agreement, the Trustee, the
    Certificate Administrator, the Custodian, the Servicer or a sub-servicer described in 1108(a)(3))
	Additional
Item: 

        Disclosure
        per Item 1112(b) of Regulation AB

         
	Servicer
(excluding information for which the Special Servicer is the “Party Responsible”) 

        Special
        Servicer (as to Foreclosed Property)

         

    Exhibit W-2

     

    

EXHIBIT
X

 

FORM
OF ADDITIONAL DISCLOSURE NOTIFICATION

 

**SEND
VIA FAX TO [________] AND VIA EMAIL TO [________ ] AND VIA OVERNIGHT MAIL TO THE ADDRESS IMMEDIATELY BELOW**

 

[OTHER
EXCHANGE ACT REPORTING PARTY]

 

[OTHER
DEPOSITOR]

 

BMO
Commercial Mortgage Securities LLC 

c/o
BMO Capital Markets Corp. 

151
West 42nd Street 

New
York, NY 10036 

Attention:
Paul Vanderslice, Michael Birajiclian and David Schell 

Email:
paul.vanderslice@bmo.com; Michael.Birajiclian@bmo.com and David.Schell@bmo.com

 

with
a copy to:

 

BMO
Commercial Mortgage Securities LLC 

c/o
BMO Capital Markets Corp. 

151
West 42nd Street 

New
York, NY 10036 

Attention:
Legal Department 

Email:
BMOCMUSLegal@bmo.com

 

RE:
**Additional Form [10-D][10-K][8-K] Disclosure** Required

 

Ladies
and Gentlemen:

 

In
accordance with Section [  ] of the Trust and Servicing Agreement, dated as of February 6, 2022 (the “Trust
and Servicing Agreement”), by and among BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association,
as Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee, Computershare Trust Company, National
Association, as Certificate Administrator, and Pentalpha Surveillance LLC, as Operating Advisor, the undersigned, as [          ],
hereby notifies you that certain events have come to our attention that [will] [may] need to be disclosed on Form [10-D][10-K][8-K].

 

Description
of Additional Form [10-D][10-K][8-K] Disclosure:

 

List
of any Attachments hereto to be included in the Additional Form [10-D][10-K][8-K] Disclosure:

 

    Exhibit X-1

     

    

 

Any
inquiries related to this notification should be directed to [                                   ], phone number: [                                    ]; email address: [                                    ].

 

	 	 	 	[NAME OF PARTY],
	 	 	 	as [role]
	 	 	 	 
	By: 	 	 	 
	Name:	 	 

 

    Exhibit X-2

     

    

EXHIBIT
Y

 

FORM
8-K DISCLOSURE INFORMATION

 

For
so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the parties identified
in the “Party Responsible” column (with each Servicing Function Participant deemed to be responsible for the following
items for which the party that retained such Servicing Function Participant is responsible) are obligated pursuant to Section
13.6 of the Trust and Servicing Agreement to disclose to each Other Exchange Act Reporting Party and each Other Depositor to which
such Form 8-K Disclosure Information is relevant for Exchange Act reporting purposes, the occurrence of any event described in
the corresponding Form 8-K Item described in the “Item on Form 8-K” column to the extent such party has actual knowledge
(after complying with its affirmative obligations, if any, under the Trust and Servicing Agreement to obtain such information)
of such information (other than information as to such party itself which such party is obligated to provide). Each of the Certificate
Administrator, the Trustee, the Operating Advisor, the Custodian, the Servicer and the Special Servicer shall be entitled to rely
on the accuracy of the Offering Circular and the offering materials with respect to any related Other Securitization Trust (other
than information with respect to itself that is set forth in or omitted from such offering materials or the Offering Circular),
in the absence of specific written notice to the contrary from the applicable Other Depositor or the Loan Sellers. Each of the
Certificate Administrator, the Trustee, the Operating Advisor, the Custodian, the Servicer and the Special Servicer (in its capacity
as such) shall be entitled to conclusively assume that there is no “significant obligor” other than a party identified
as such in the offering materials with respect to any related Other Securitization Trust. For any related Other Pooling and Servicing
Agreement, each of the Certificate Administrator, the Trustee, the Custodian, the Operating Advisor, the Servicer and the Special
Servicer (in its capacity as such) shall be entitled to assume that there is no provider of credit enhancement, liquidity or derivative
instruments within the meaning of Items 1114 or 1115 of Regulation AB other than a party identified as such in the offering materials
with respect to the related Other Securitization Trust.

 

	Item
    on Form 8-K	Party
    Responsible 
	Item
    1.01- Entry into a Material Definitive Agreement	Servicer,
    Special Servicer, Custodian and the Trustee (in the case of the Servicer, Special Servicer, Custodian and the Trustee, only
    as to agreements it is a party to or entered into on behalf of the Trust)

    Certificate Administrator

    (other than as to agreements to which the Depositor (and no other party to the Trust and Servicing Agreement) is a party)  

 

    Exhibit Y-1

     

    

 

	Item
    on Form 8-K	Party
    Responsible 
	Item
    1.02- Termination of a Material Definitive Agreement	Servicer,
Special Servicer, Custodian and the Trustee (in the case of the Servicer, Special Servicer, Custodian and the Trustee, only as
to agreements it is a party to or entered into on behalf of the Trust) 

        Certificate
Administrator

(other than as to agreements to which the Depositor
(and no other party to the Trust and Servicing Agreement) is a party) 

	Item
    1.03- Bankruptcy or Receivership	The
    Trustee, the Certificate Administrator, the Custodian, the Operating Advisor, the Servicer and the Special Servicer (each
    as to itself)
	Item
    2.04- Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
    Arrangement	Certificate
    Administrator
	Item
    3.03- Material Modification to Rights of Security Holders	Certificate
    Administrator
	Item
    6.02- Change of Servicer, Special Servicer or Trustee	Servicer
(as to itself or a servicer retained by it) 

        Special
Servicer (as to itself or a servicer retained by it) 

        Trustee

Certificate Administrator

Custodian 

	Item
    6.04- Failure to Make a Required Distribution	Certificate
    Administrator

    Exhibit Y-2

     

    

EXHIBIT
Z-1

 

FORM
OF CERTIFICATION TO BE PROVIDED

TO DEPOSITOR BY THE CERTIFICATE ADMINISTRATOR

 

		Re:	[NAME
                                         OF OTHER SECURITIZATION TRUST] (the “Trust”)

 

		Re:	Trust
                                         and Servicing Agreement, dated as of February 6, 2022 (the “Trust and Servicing
                                         Agreement”), between BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank
                                         National Association, as Servicer and as Special Servicer, Wilmington Trust, National
                                         Association, as Trustee, Computershare Trust Company, National Association, as Certificate
                                         Administrator (the “Certificate Administrator”), and Pentalpha Surveillance
                                         LLC, as Operating Advisor 

 

I,
[identifying the certifying individual], a [title] of [CERTIFICATE ADMINISTRATOR], certify to [INDIVIDUAL SIGNING THE SARBANES-OXLEY
CERTIFICATION] [OTHER DEPOSITOR] and their officers, directors and affiliates, and with the knowledge and intent that they will
rely upon this certification in delivering the certification required by the Other Pooling and Servicing Agreement relating to
the Companion Loan[s] evidenced by the Companion Loan Note[s] identified as Promissory Note[s] [A-3] [A-4] [A-5] [and A-6] (capitalized
terms used herein without definition shall have the meanings assigned to such terms in the Trust and Servicing Agreement), that:

 

1.                 
Based on my knowledge, the information required by the Trust and Servicing Agreement to be provided to the applicable Other Depositor
and the applicable Other Exchange Act Reporting Party by the Certificate Administrator covering the fiscal year 20__ (the “Relevant
Period”), taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with
respect to the Relevant Period.

 

2.                 
Based on my knowledge, the information required to be provided to the applicable Other Depositor and the applicable Other Exchange
Act Reporting Party by the Certificate Administrator under the Trust and Servicing Agreement for inclusion in the Exchange Act
reports with respect to the Trust to be filed by the applicable Other Exchange Act Reporting Party is included in the reports
delivered by the Certificate Administrator to the applicable Other Depositor and the applicable Other Exchange Act Reporting Party.

 

3.                 
I am, or an officer under my supervision is, responsible for reviewing the activities performed by the Certificate Administrator
under the Trust and Servicing Agreement and based upon my knowledge the Certificate Administrator has, except as described in
any information provided to the applicable Other Depositor and the applicable Other Exchange Act Reporting Party by the Certificate
Administrator covering the fiscal year 20[__], fulfilled its obligations under the Trust and Servicing Agreement in all material
respects in the year to which such review applies; and 

 

    Exhibit Z-1-1

     

    

 

4.                 
The report on assessment of compliance with servicing criteria for asset-backed securities and the related attestation report
on assessment of compliance with servicing criteria required to be delivered by the Certificate Administrator in accordance with
Section 13.8 and Section 13.9 of the Trust and Servicing Agreement have been provided to the applicable Other Depositor and the
applicable Other Exchange Act Reporting Party and such reports disclose all material instances of noncompliance with the Applicable
Servicing Criteria.

 

In
giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties:
[list applicable transaction parties].

 

	Date:	 	 

 

[                          ] 

	By: 	 	 

 

    Exhibit Z-1-2

     

    

EXHIBIT
Z-2

 

FORM
OF CERTIFICATION TO BE PROVIDED BY THE SERVICER

 

Re:            
[NAME OF OTHER SECURITIZATION TRUST] (The “Trust”)

 

		Re:	BWAY
                                         Commercial Mortgage Trust 2022-26BW, Commercial Mortgage Pass-Through Certificates, Series
                                         2022-26BW (the “Certificates”) issued pursuant to the Trust and Servicing
                                         Agreement, dated as of February 6, 2022 (the “Trust and Servicing Agreement”),
                                         between BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association,
                                         as Servicer (in such capacity, the “Servicer”) and as Special Servicer
                                         (in such capacity, the “Special Servicer”), Computershare Trust Company,
                                         National Association, as Certificate Administrator, Wilmington Trust, National Association,
                                         as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor. 

 

I,
[identify the certifying individual], a [title] of [SERVICER], certify to [INDIVIDUAL SIGNING THE SARBANES-OXLEY CERTIFICATION]
[OTHER DEPOSITOR] and their officers, directors and affiliates, and with the knowledge and intent that they will rely upon this
certification in delivering the certification required by the Other Pooling and Servicing Agreement relating to the Companion
Loan[s] evidenced by the Companion Loan Note[s] identified as Promissory Note[s] [A-3] [A-4] [A-5] [and A-6] (capitalized terms
used herein without definition shall have the meanings assigned to such terms in the Trust and Servicing Agreement), that:

 

		(1)	I
have (or a Servicing Officer under my supervision has) reviewed the servicing reports covering the fiscal year 20___ delivered
by the Servicer to the Certificate Administrator, the applicable Other Depositor and the applicable Other Exchange Act Reporting
Party in accordance with the Trust and Servicing Agreement;

 

		(2)	Based
on my knowledge, and assuming the accuracy of the statements required to be made in the corresponding certificate of the Special
Servicer (to the extent such statements are relevant to the statements made in this certification by the Servicer), the servicing
information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material
fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading
with respect to the period covered by these servicing reports;

 

		(3)	Based
on my knowledge, and assuming the accuracy of the statements required to be made in the corresponding certificate of the Special
Servicer (to the extent such statements are relevant to the statements made in this certification by the Servicer), the servicing
information required to be provided in these servicing reports to the Certificate Administrator, the applicable Other Depositor
and the applicable Other Exchange Act Reporting Party by the Servicer under the Trust and Servicing Agreement is included in the
servicing reports delivered by the Servicer to the Certificate Administrator and each applicable Other Exchange Act Reporting
Party;

 

    Exhibit Z-2-1

     

    

 

		(4)	I
am, or an employee under my supervision is, responsible for reviewing the activities performed by the Servicer under the Trust
and Servicing Agreement and based upon my knowledge and the compliance review conducted in preparing the servicer compliance statement
required under Section 13.7 of the Trust and Servicing Agreement with respect to the Servicer, and except as disclosed in such
compliance statement delivered by the Servicer under Section 13.7 of the Trust and Servicing Agreement, the Servicer has fulfilled
its obligations under the Trust and Servicing Agreement in all material respects in the year to which such review applies; and

 

		(5)	The
report on assessment of compliance with servicing criteria for asset-backed securities and the related attestation report on assessment
of compliance with servicing criteria for asset-backed securities required to be delivered in accordance with Section 13.8 and
Section 13.9 of the Trust and Servicing Agreement discloses all material instances of noncompliance with the Applicable Servicing
Criteria.

 

Further,
notwithstanding the foregoing certifications, the Servicer does not make any certification under the foregoing clauses (1) through
(5) that is in turn dependent upon information required to be provided by any sub-servicer acting under a sub-servicing agreement
that the Servicer entered into in connection with the Mortgage Loan, or upon the performance by any such sub-servicer of its obligations
pursuant to any such sub-servicing agreement, in each case beyond the respective backup certifications actually provided by such
sub-servicer to the Servicer with respect to the information that is subject of such certification.

 

 

	Date:	 	 

 

[                          ] 

 

	By: 	 	 

[Name]

 

    Exhibit Z-2-2

     

    

EXHIBIT
Z-3

 

FORM
OF CERTIFICATION TO BE PROVIDED

BY THE SPECIAL SERVICER

 

		Re:	[NAME
                                         OF OTHER SECURITIZATION TRUST] (the “Trust”)

 

		Re:	BWAY
                                         Commercial Mortgage Trust 2022-26BW, Commercial Mortgage Pass-Through Certificates, Series
                                         2022-26BW (the “Certificates”) issued pursuant to the Trust and Servicing
                                         Agreement, dated as of February 6, 2022 (the “Trust and Servicing Agreement”),
                                         between BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association,
                                         as Servicer (in such capacity, the “Servicer”) and as Special Servicer
                                         (in such capacity, the “Special Servicer”), Computershare Trust Company,
                                         National Association, as Certificate Administrator, Wilmington Trust, National Association,
                                         as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor. 

 

I,
[identify the certifying individual], a [title] of [SPECIAL SERVICER], certify to [INDIVIDUAL SIGNING THE SARBANES-OXLEY CERTIFICATION]
[OTHER DEPOSITOR] and their officers, directors and affiliates, and with the knowledge and intent that they will rely upon this
certification in delivering the certification required by the Other Pooling and Servicing Agreement relating to the Companion
Loan[s] evidenced by the Companion Loan Note[s] identified as Promissory Note[s] [A-3] [A-4] [A-5] [and A-6] (capitalized terms
used herein without definition shall have the meanings assigned to such terms in the Trust and Servicing Agreement), that:

 

1.     
Based on my knowledge, the servicing information in the servicing reports or information covering the fiscal year 20___ delivered
by the Special Servicer to the Servicer, the applicable Other Depositor and the applicable Other Exchange Act Reporting Party
under the Trust and Servicing Agreement, taken as a whole, does not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made,
not misleading with respect to the period covered by these servicing reports;

 

2.     
Based on my knowledge, the servicing information required to be provided to the Servicer, the applicable Other Depositor and the
applicable Other Exchange Act Reporting Party by the Special Servicer under the Trust and Servicing Agreement for inclusion in
the reports to be filed by the applicable Other Exchange Act Reporting Party is included in the servicing reports delivered by
the Special Servicer to the Servicer, the applicable Other Depositor and the applicable Other Exchange Act Reporting Party;

 

3.     
I am, or an employee under my supervision is, responsible for reviewing the activities performed by the Special Servicer under
the Trust and Servicing Agreement and based upon my knowledge and the compliance review conducted in preparing the servicer compliance
statement required under Section 13.7 of the Trust and Servicing Agreement with respect to the Special Servicer, and except as
disclosed in such compliance statement delivered by the Special

 

    Exhibit Z-3-1

     

    

 

Servicer under Section 13.7 of the Trust and Servicing Agreement,
the Special Servicer has fulfilled its obligations under the Trust and Servicing Agreement in all material respects in the year
to which such review applies; and

 

4.     
The report on assessment of compliance with servicing criteria for asset-backed securities and the related attestation report
on assessment of compliance with servicing criteria for asset-backed securities required to be delivered in accordance with Section
13.8 and Section 13.9 of the Trust and Servicing Agreement discloses all material instances of noncompliance with the Applicable
Servicing Criteria.

 

 

	Date:	 	 

 

[                          ] 

 

	By: 	 	 

[Name] 

[Title]

 

    Exhibit Z-3-2

     

    

EXHIBIT
Z-4

 

FORM
OF CERTIFICATION TO BE PROVIDED

TO DEPOSITOR BY THE CUSTODIAN

 

		Re:	[NAME
                                         OF OTHER SECURITIZATION TRUST] (the “Trust”)

 

		Re:	Trust
                                         and Servicing Agreement, dated as of February 6, 2022 (the “Trust and Servicing
                                         Agreement”), between BMO Commercial Mortgage Securities LLC, as Depositor,
                                         KeyBank National Association, as Servicer and as Special Servicer, Computershare Trust
                                         Company, National Association, as Certificate Administrator, Wilmington Trust, National
                                         Association, as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor. 

 

I,
[identify the certifying individual], a [title] of [CUSTODIAN], certify to [INDIVIDUAL SIGNING THE SARBANES-OXLEY CERTIFICATION]
[OTHER DEPOSITOR] and their officers, directors and affiliates, and with the knowledge and intent that they will rely upon this
certification in delivering the certification required by the Other Pooling and Servicing Agreement relating to the Companion
Loan[s] evidenced by the Companion Loan Note[s] identified as Promissory Note[s] [A-3] [A-4] [A-5] [and A-6] (capitalized terms
used herein without definition shall have the meanings assigned to such terms in the Trust and Servicing Agreement), that:

 

1.                 
Based on my knowledge, the information required by the Trust and Servicing Agreement to be provided to the applicable Other Depositor
and the applicable Other Exchange Act Reporting Party by the Custodian covering the fiscal year 20__ (the “Relevant Period”),
taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the Relevant
Period.

 

2.                 
Based on my knowledge, the information required to be provided to the applicable Other Depositor and the applicable Other Exchange
Act Reporting Party by the Custodian under the Trust and Servicing Agreement for inclusion in the Exchange Act reports to be filed
by the applicable Other Exchange Act Reporting Party is included in the reports delivered by the Custodian to the applicable Other
Depositor and the applicable Other Exchange Act Reporting Party.

 

3.                 
I am, or an officer under my supervision is, responsible for reviewing the activities performed by the Custodian under the Trust
and Servicing Agreement and based upon my knowledge the Custodian has, except as described in any information provided to the
applicable Other Depositor and the applicable Other Exchange Act Reporting Party by the Custodian covering the fiscal year 20[__],
fulfilled its obligations under the Trust and Servicing Agreement in all material respects in the year to which such review applies;
and

 

4.                 
The report on assessment of compliance with servicing criteria for asset-backed securities and the related attestation report
on assessment of compliance with servicing criteria required to be delivered by the Custodian in accordance with Section 13.8
and Section

 

    Exhibit Z-4-1

     

    

 

13.9 of the Trust and Servicing Agreement have been provided to the applicable Other Depositor and the applicable
Other Exchange Act Reporting Party and such reports disclose all material instances of noncompliance with the Applicable Servicing
Criteria.

 

In
giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties:
[list applicable transaction parties].

 

 

	Date:	 	 

 

[                          ]  

	By: 	 	 

 

    Exhibit Z-4-2

     

    

EXHIBIT
Z-5

 

FORM
OF CERTIFICATION TO BE PROVIDED

TO DEPOSITOR BY THE TRUSTEE

 

Re:            
[NAME OF OTHER SECURITIZATION TRUST] (the “Trust”)

 

		Re:	BWAY
                                         Commercial Mortgage Trust 2022-26BW, Commercial Mortgage Pass-Through Certificates, Series
                                         2022-26BW (the “Certificates”) issued pursuant to the Trust and Servicing
                                         Agreement, dated as of February 6, 2022 (the “Trust and Servicing Agreement”),
                                         between BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association,
                                         as Servicer and as Special Servicer, Computershare Trust Company, National Association,
                                         as Certificate Administrator, Wilmington Trust, National Association, as Trustee (the
                                         “Trustee”), and Pentalpha Surveillance LLC, as Operating Advisor.  

 

I,
[identify the certifying individual], a [title] of [TRUSTEE], certify to [INDIVIDUAL SIGNING THE SARBANES-OXLEY CERTIFICATION]
[OTHER DEPOSITOR] and their officers, directors and affiliates, and with the knowledge and intent that they will rely upon this
certification in delivering the certification required by the Other Pooling and Servicing Agreement relating to the Companion
Loan[s] evidenced by the Companion Loan Note[s] identified as Promissory Note[s] [A-3] [A-4] [A-5] [and A-6] (capitalized terms
used herein without definition shall have the meanings assigned to such terms in the Trust and Servicing Agreement), that:

 

1.                 
Based on my knowledge, the information required by the Trust and Servicing Agreement to be provided to the applicable Other Depositor
and the applicable Other Exchange Act Reporting Party by the Trustee covering the fiscal year 20__ (the “Relevant Period”),
taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the Relevant
Period.

 

2.                 
Based on my knowledge, the information required to be provided to the applicable Other Depositor and the applicable Other Exchange
Act Reporting Party by the Trustee under the Trust and Servicing Agreement for inclusion in the Exchange Act reports to be filed
by the applicable Other Exchange Act Reporting Party is included in the reports delivered by the Trustee to the applicable Other
Depositor and the applicable Other Exchange Act Reporting Party.

 

3.                 
I am, or an officer under my supervision is, responsible for reviewing the activities performed by the Trustee under the Trust
and Servicing Agreement and based upon my knowledge the Trustee has, except as described in any information provided to the applicable
Other Depositor and the applicable Other Exchange Act Reporting Party by the Trustee covering the fiscal year 20[__], fulfilled
its obligations under the Trust and Servicing Agreement in all material respects in the year to which such review applies; and

 

    Exhibit Z-5-1

     

    

 

4.                 
The report on assessment of compliance with servicing criteria for asset-backed securities and the related attestation report
on assessment of compliance with servicing criteria required to be delivered by the Trustee in accordance with Section 13.8 and
Section 13.9 of the Trust and Servicing Agreement have been provided to the applicable Other Depositor and the applicable Other
Exchange Act Reporting Party and such reports disclose all material instances of noncompliance with the Applicable Servicing Criteria.

 

In
giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties:
[list applicable transaction parties].

 

 

	Date:	 	 

 

[                          ]  

	By: 	 	 

 

    Exhibit Z-5-2

     

    

EXHIBIT
Z-6

 

FORM
OF CERTIFICATION TO BE PROVIDED BY A SUB-SERVICER

 

		Re:	[NAME
                                         OF OTHER SECURITIZATION TRUST] (The “Trust”)

 

		Re:	BWAY
                                         Commercial Mortgage Trust 2022-26BW, Commercial Mortgage Pass-Through Certificates, Series
                                         2022-26BW (the “Certificates”) issued pursuant to the Trust and Servicing
                                         Agreement, dated as of February 6, 2022 (the “Trust and Servicing Agreement”),
                                         between BMO Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association,
                                         as Servicer (in such capacity, the “Servicer”) and as Special Servicer
                                         (in such capacity, the “Special Servicer”), Computershare Trust Company,
                                         National Association, as Certificate Administrator (the “Certificate Administrator”),
                                         Wilmington Trust, National Association, as Trustee, and Pentalpha Surveillance LLC,
                                         as Operating Advisor. 

 

and

Sub-servicing agreement, dated as of [______], 20[__] (the “Sub-Servicing Agreement”) between [_____________]
and [SUB-SERVICER], as sub-servicer (the “Sub-Servicer”),

 

I,
[identify the certifying individual], a [title] of [SUB-SERVICER], certify to [INDIVIDUAL SIGNING THE SARBANES-OXLEY CERTIFICATION]
[OTHER DEPOSITOR] and their officers, directors and affiliates, and with the knowledge and intent that they will rely upon this
certification in delivering the certification required by the Other Pooling and Servicing Agreement relating to the Companion
Loan[s] evidenced by the Companion Loan Note[s] identified as Promissory Note[s] [A-3] [A-4] [A-5] [and A-6] (capitalized terms
used herein without definition shall have the meanings assigned to such terms in the Trust and Servicing Agreement), that:

 

		(1)	I
                                         have (or a Servicing Officer under my supervision has) reviewed the servicing reports
                                         (the “Sub-Servicer Reports”) covering the fiscal year 20___ delivered
                                         by the Sub-Servicer to the Servicer, the Certificate Administrator, the applicable Other
                                         Depositor and the applicable Other Exchange Act Reporting Party in accordance with the
                                         Sub-Servicing Agreement;

 

		(2)	Based
                                         on my knowledge, and assuming the accuracy of the statements required to be made in the
                                         corresponding certificate of the Special Servicer (to the extent such statements are
                                         relevant to the statements made in this certification by the Sub-Servicer), the servicing
                                         information in the Sub-Servicer Reports, taken as a whole, does not contain any untrue
                                         statement of a material fact or omit to state a material fact necessary to make the statements
                                         made, in light of the circumstances under which such statements were made, not misleading
                                         with respect to the period covered by the Sub-Servicer Reports;

 

		(3)	Based
on my knowledge, and assuming the accuracy of the statements required to be made in the corresponding certificate of the Special
Servicer (to the extent such

 

    Exhibit Z-6-1

     

    

 

statements are relevant to the statements made in this certification by the Sub-Servicer),
the servicing information required to be provided in the Sub-Servicer Reports to the Servicer, the Certificate Administrator,
the applicable Other Depositor and the applicable Other Exchange Act Reporting Party by the Sub-Servicer under the Sub-Servicing
Agreement is included in the Sub-Servicer Reports delivered by the Sub-Servicer to the Servicer, the Certificate Administrator,
the applicable Other Depositor and the applicable Other Exchange Act Reporting Party;

 

		(4)	I
                                         am, or an employee under my supervision is, responsible for reviewing the activities
                                         performed by the Sub-Servicer under the Sub-Servicing Agreement and based upon my knowledge
                                         and the compliance review conducted in preparing the servicer compliance statement required
                                         under Section 13.7 of the Trust and Servicing Agreement with respect to the Sub-Servicer,
                                         and except as disclosed in such compliance statement delivered by the Sub-Servicer under
                                         Section 13.7 of the Trust and Servicing Agreement, the Sub-Servicer has fulfilled its
                                         obligations under the Sub-Servicing Agreement in all material respects in the year to
                                         which such review applies; and

 

		(5)	The
                                         report on assessment of compliance with servicing criteria for asset-backed securities
                                         and the related attestation report on assessment of compliance with servicing criteria
                                         for asset-backed securities required to be delivered in accordance with Section 13.8
                                         and Section 13.9 of the Trust and Servicing Agreement discloses all material instances
                                         of noncompliance with the Applicable Servicing Criteria.

 

 

	Date:	 	 

 

[                          ] 

 

	By: 	 	 

[Name]

 

    Exhibit Z-6-2

     

    

EXHIBIT
Z-7

 

FORM
OF CERTIFICATION TO BE PROVIDED

TO DEPOSITOR BY THE OPERATING ADVISOR

 

		Re:	[NAME
                                         OF OTHER SECURITIZATION TRUST] (the “Trust”)

 

		Re:	Trust
                                         and Servicing Agreement, dated as of February 6, 2022 (the “Trust and Servicing
                                         Agreement”), between BMO Commercial Mortgage Securities LLC, as Depositor,
                                         KeyBank National Association, as Servicer and as Special Servicer, Computershare Trust
                                         Company, National Association, as Certificate Administrator, Wilmington Trust, National
                                         Association, as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor (the “Operating
                                         Advisor”). 

 

I,
[identify the certifying individual], a [title] of [OPERATING ADVISOR], certify to [INDIVIDUAL SIGNING THE SARBANES-OXLEY CERTIFICATION]
[OTHER DEPOSITOR] and their officers, directors and affiliates, and with the knowledge and intent that they will rely upon this
certification in delivering the certification required by the Other Pooling and Servicing Agreement relating to the Companion
Loan[s] evidenced by the Companion Loan Note[s] identified as Promissory Note[s] [A-3] [A-4] [A-5] [and A-6] (capitalized terms
used herein without definition shall have the meanings assigned to such terms in the Trust and Servicing Agreement), that:

 

2.         Based on my knowledge, the information required by the Trust and Servicing Agreement to be provided to the applicable Other Depositor
and the applicable Other Exchange Act Reporting Party by the Operating Advisor covering the fiscal year 20__ (the “Relevant
Period”), taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with
respect to the Relevant Period.

 

3.         Based on my knowledge, the information required to be provided to the applicable Other Depositor and the applicable Other Exchange
Act Reporting Party by the Operating Advisor under the Trust and Servicing Agreement for inclusion in the Exchange Act reports
to be filed by the applicable Other Exchange Act Reporting Party is included in the reports delivered by the Operating Advisor
to the applicable Other Depositor and the applicable Other Exchange Act Reporting Party.

 

4.         I am, or an officer under my supervision is, responsible for reviewing the activities performed by the Operating Advisor under
the Trust and Servicing Agreement and based upon my knowledge the Operating Advisor has, except as described in any information
provided to the applicable Other Depositor and the applicable Other Exchange Act Reporting Party by the Operating Advisor covering
the fiscal year 20[__], fulfilled its obligations under the Trust and Servicing Agreement in all material respects in the year
to which such review applies; and

 

    Exhibit Z-7-1

     

    

 

5.         The report on assessment of compliance with servicing criteria for asset-backed securities and the related attestation report
on assessment of compliance with servicing criteria required to be delivered by the Operating Advisor in accordance with Section
13.8 and Section 13.9 of the Trust and Servicing Agreement have been provided to the applicable Other Depositor and the applicable
Other Exchange Act Reporting Party and such reports disclose all material instances of noncompliance with the Applicable Servicing
Criteria.

 

In
giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties:
[list applicable transaction parties].

 

 

	Date:	 	 

 

[                          ]  

	By: 	 	 

 

    Exhibit Z-7-2Exhibit 4.5

 

EXECUTION VERSION

 

	 

 

BARCLAYS
Commercial Mortgage Securities LLC,

as Depositor,

 

KEYBANK
National Association,

as Servicer and as Special Servicer,

 

COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION,

as Certificate Administrator and Custodian,

 

and

 

Wilmington
Trust, National Association,

as Trustee

 

 

 

TRUST AND SERVICING AGREEMENT

Dated as of March 15, 2022

 

 

 

COLEM 2022-HLNE Mortgage Trust,

Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE

	 

 

     

     

    

 

TABLE OF CONTENTS

 

Page

 

	1.	DEFINITIONS	 
	 	 	 
	 	1.1.	Definitions	4
	 	1.2.	Interpretation	60
	 	1.3.	Certain Calculations in Respect of the Trust Loan or the Mortgage Loan	60
	 	 	 	 
	2.	DECLARATION OF TRUST; ORIGINAL ISSUANCE OF CERTIFICATES	 
	 	 	 
	 	2.1.	Creation and Declaration of Trust; Conveyance of the Trust Loan	63
	 	2.2.	Acceptance by the Trustee and the Custodian	66
	 	2.3.	Representations and Warranties of the Trustee	69
	 	2.4.	Representations and Warranties of the Certificate Administrator and the Custodian	70
	 	2.5.	Representations and Warranties of the Servicer	71
	 	2.6.	Representations and Warranties of the Special Servicer	72
	 	2.7.	Representations and Warranties of the Depositor	74
	 	2.8.	Reserved	75
	 	2.9.	Representations and Warranties Contained in the Trust Loan Purchase Agreement	75
	 	2.10.	Execution and Delivery of Certificates; Issuance of Uncertificated Lower-Tier Interests	77
	 	2.11.	Miscellaneous REMIC Provisions	77
	 	2.12.	Creation of the Grantor Trust	78
	 	 	 	 
	3.	ADMINISTRATION AND SERVICING OF THE MORTGAGE LOAN	 
	 	 	 
	 	3.1.	Servicer to Act as the Servicer; Special Servicer to Act as the Special Servicer	78
	 	3.2.	Sub-Servicing Agreements	80
	 	3.3.	Cash Management Account	82
	 	3.4.	Collection Account, Companion Loan Distribution Account and Interest Reserve Account	82
	 	3.5.	Distribution Account	87
	 	3.6.	Foreclosed Property Account	89
	 	3.7.	Appraisal Reductions	89
	 	3.8.	Investment of Funds in the Collection Account and The Foreclosed Property Account	92
	 	3.9.	Payment of Taxes, Assessments, etc.	94
	 	3.10.	Appointment of Special Servicer	94
	 	3.11.	Maintenance of Insurance and Errors and Omissions and Fidelity Coverage	101
	 	3.12.	Procedures with Respect to Defaulted Mortgage Loan; Realization upon the Property	103

 

    -i-

     

    

 

	 	3.13.	Custodian and Trustee to Cooperate; Release of Items in Mortgage File	106
	 	3.14.	Title and Management of Foreclosed Property	106
	 	3.15.	Sale of the Foreclosed Property	108
	 	3.16.	Sale of the Mortgage Loan	110
	 	3.17.	Servicing Compensation	114
	 	3.18.	Reports to the Certificate Administrator; Account Statements	119
	 	3.19.	Annual Statement as to Compliance	120
	 	3.20.	Annual Independent Public Accountants’ Servicing Report	122
	 	3.21.	Access to Certain Documentation Regarding the Mortgage Loan and Other Information	122
	 	3.22.	Inspections	123
	 	3.23.	Advances	124
	 	3.24.	Modifications of Mortgage Loan Documents	128
	 	3.25.	Conflicts of Interests; Mandatory Resignation of Servicer and Special Servicer	130
	 	3.26.	Intercreditor Agreement	131
	 	3.27.	Additional Matters with Respect to the Loan	131
	 	3.28.	Rating Agency Confirmation	134
	 	3.29.	Miscellaneous Provisions	135
	 	3.30.	[Reserved]	136
	 	3.31.	Companion Loan Intercreditor Matters	136
	 	 	 	 
	4.	DISTRIBUTIONS AND STATEMENTS TO CERTIFICATEHOLDERS	 
	 	 	 
	 	4.1.	Distributions	137
	 	4.2.	Withholding Tax	142
	 	4.3.	Allocation and Distribution of Yield Maintenance Premiums and Excess Interest	143
	 	4.4.	Statements to Certificateholders and the VRR Interest Owner	144
	 	4.5.	Investor Q&A Forum; Investor Registry and Rating Agency Q&A Forum	147
	 	4.6.	Grantor Trust Reporting.  (a) The Certificate Administrator shall maintain adequate books and records to account for the separate entitlements of each Grantor Trust	150
	 	 	 	 
	5.	THE CERTIFICATES	 
	 	 	 
	 	5.1.	The Certificates	151
	 	5.2.	Form and Registration	152
	 	5.3.	Registration of Transfer and Exchange of Certificates	155
	 	5.4.	Mutilated, Destroyed, Lost or Stolen Certificates	164
	 	5.5.	Persons Deemed Owners	164
	 	5.6.	Access to List of Certificateholders’ Names and Addresses; Special Notices	165
	 	5.7.	Maintenance of Office or Agency	166

 

    -ii-

     

    

 

	6.	THE DEPOSITOR, THE SERVICER AND THE SPECIAL SERVICER	 
	 	 	 
	 	6.1.	Respective Liabilities of the Depositor, the Servicer and the Special Servicer	166
	 	6.2.	Merger or Consolidation of the Servicer or the Special Servicer	166
	 	6.3.	Limitation on Liability of the Depositor, the Servicer, the Special Servicer and Others	166
	 	6.4.	Servicer and Special Servicer Not to Resign; Replacement of Servicer or Special Servicer	168
	 	6.5.	Ethical Wall	169
	 	6.6.	Indemnification by the Servicer, the Special Servicer and the Depositor	170
	 	 	 	 
	7.	SERVICER TERMINATION EVENTS; TERMINATION OF SPECIAL SERVICER WITHOUT CAUSE	 
	 	 	 
	 	7.1.	Servicer Termination Events; Special Servicer Termination Events	171
	 	7.2.	Trustee to Act; Appointment of Successor	178
	 	7.3.	[Reserved]	180
	 	7.4.	Other Remedies of Trustee	180
	 	7.5.	Waiver of Past Servicer Termination Events and Special Servicer Termination Events	180
	 	7.6.	Trustee as Maker of Advances	181
	 	 	 	 
	8.	THE TRUSTEE AND THE CERTIFICATE ADMINISTRATOR	 
	 	 	 
	 	8.1.	Duties of the Trustee and the Certificate Administrator	181
	 	8.2.	Certain Matters Affecting the Trustee and the Certificate Administrator	184
	 	8.3.	Neither the Trustee nor the Certificate Administrator is Liable for Certificates, the VRR Interest or the Mortgage Loan	187
	 	8.4.	Trustee and Certificate Administrator May Own Certificates	189
	 	8.5.	Trustee’s and Certificate Administrator’s Fees and Expenses	189
	 	8.6.	Eligibility Requirements for the Trustee and the Certificate Administrator; Errors and Omissions Insurance	190
	 	8.7.	Resignation and Removal of the Trustee or the Certificate Administrator	192
	 	8.8.	Successor Trustee or Successor Certificate Administrator	194
	 	8.9.	Merger or Consolidation of the Trustee or the Certificate Administrator	195
	 	8.10.	Appointment of Co-Trustee or Separate Trustee	195
	 	8.11.	Appointment of Authenticating Agent and Custodian	197
	 	8.12.	Indemnification by the Trustee and the Certificate Administrator	198
	 	8.13.	Certificate Administrator and Servicer Not Responsible for Inconsistent Payment Information	198
	 	8.14.	Access to Certain Information.	199
	 	 	 	 
	9.	CERTAIN MATTERS RELATING TO THE DIRECTING HOLDER	 
	 	 	 
	 	9.1.	Selection and Removal of the Directing Holder	207
	 	9.2.	Limitation on Liability of Directing Holder; Acknowledgements of the Certificateholders	209

 

    -iii-

     

    

 

	 	9.3.	Rights and Powers of the Directing Holder	210
	 	9.4.	Directing Holder Contact with Servicer and Special Servicer	213
	 	9.5.	The Risk Retention Consultation Parties	213
	 	 	 	 
	10.	TERMINATION	 
	 	 	 
	 	10.1.	Termination	215
	 	10.2.	Additional Termination Requirements	215
	 	10.3.	Trusts Irrevocable	216
	 	 	 	 
	11.	MISCELLANEOUS PROVISIONS	 
	 	 	 
	 	11.1.	Amendment	216
	 	11.2.	Recordation of Agreement; Counterparts	220
	 	11.3.	Governing Law; Waiver of Trial by Jury; Submission to Jurisdiction	221
	 	11.4.	Notices	222
	 	11.5.	Notices to the Rating Agencies	225
	 	11.6.	Severability of Provisions	225
	 	11.7.	Limitation on Rights of Certificateholders and the VRR Interest Owner	226
	 	11.8.	Certificates Nonassessable and Fully Paid	227
	 	11.9.	Reproduction of Documents	227
	 	11.10.	No Partnership	227
	 	11.11.	Actions of Certificateholders and the VRR Interest Owner	227
	 	11.12.	Successors and Assigns	228
	 	11.13.	Acceptance by Authenticating Agent, Certificate Registrar	228
	 	11.14.	Streit Act	228
	 	11.15.	Assumption by Trust of Duties and Obligations of the Trust Loan Sellers Under the Mortgage Loan Documents	228
	 	11.16.	Grant of a Security Interest	229
	 	11.17.	Cooperation with the Trust Loan Sellers with Respect to Rights Under the Mortgage Loan Agreement	229
	 	11.18.	Recognition of U.S. Special Resolution Regimes	229
	 	11.19.	Limitation on the Exercise of Certain Rights Related to Affiliate Insolvency Proceedings	230
	 	 	 	 
	12.	REMIC ADMINISTRATION	 
	 	 	 
	 	12.1.	REMIC Administration	230
	 	12.2.	Foreclosed Property	234
	 	12.3.	Prohibited Transactions and Activities	236
	 	12.4.	Indemnification with Respect to Certain Taxes and Loss of REMIC Status	236
	 	 	 	 
	13.	EXCHANGE ACT REPORTING AND REGULATION AB COMPLIANCE	 
	 	 	 
	 	13.1.	Intent of the Parties; Reasonableness	237
	 	13.2.	Succession; Sub-Servicers; Subcontractors	238
	 	13.3.	Other Securitization Trust’s Filing Obligations	239
	 	13.4.	Form 10-D Disclosure	239

 

    -iv-

     

    

 

	 	13.5.	Form 10-K Disclosure	240
	 	13.6.	Form 8-K Disclosure	240
	 	13.7.	Annual Compliance Statements	241
	 	13.8.	Annual Reports on Assessment of Compliance with Servicing Criteria	242
	 	13.9.	Annual Independent Public Accountants’ Servicing Report	244
	 	13.10.	Significant Obligor	245
	 	13.11.	Sarbanes-Oxley Backup Certification	246
	 	13.12.	Indemnification	246
	 	13.13.	Amendments	247
	 	13.14.	Termination of the Certificate Administrator	247
	 	13.15.	Termination of Sub-Servicing Agreements	247
	 	13.16.	Notification Requirements and Deliveries in Connection with Securitization of a Companion Loan	248

 

EXHIBITS

 

	Exhibit A-1	Form of Class A Certificates
	Exhibit A-2	Form of Class B Certificates
	Exhibit A-3	Form of Class C Certificates
	Exhibit A-4	Form of Class D Certificates
	Exhibit A-5	Form of Class E Certificates
	Exhibit A-6	Form of Class VRRC Certificates
	Exhibit A-7	Form of Class R Certificates
	Exhibit B	Form of Request for Release
	Exhibit C	Form of Transfer Certificate for Rule 144A Global Certificate to Temporary Regulation S Global Certificate
	Exhibit D	Form of Transfer Certificate for Rule 144A Global Certificate to Regulation S Global Certificate
	Exhibit E	Form of Transfer Certificate for Temporary Regulation S Global Certificate to Rule 144A Global Certificate during Restricted Period
	Exhibit F	Form of Certification to be given by Beneficial Owner of Temporary Regulation S Global Certificate
	Exhibit G	Form of Transfer Certificate of Non-Book Entry Certificate to Temporary Regulation S Global Certificate
	Exhibit H	Form of Transfer Certificate of Non-Book Entry Certificate to Regulation S Global Certificate
	Exhibit I	Form of Transfer Certificate of Non-Book Entry Certificate to Rule 144A Global Certificate
	Exhibit J-1	Form of Affidavit Pursuant to Section 860E(e) of the Internal Revenue Code of 1986
	Exhibit J-2	Form of Transferor Letter
	Exhibit J-3	Form of ERISA Representation Letter
	Exhibit J-4	Form of Transferee Certificate for Transfers of Risk Retention Certificates
	Exhibit J-5	Form of Transferor Certificate for Transfer of Risk Retention Certificates
	Exhibit J-6	Form of Request of Retaining Sponsor Consent for Release of the Class VRRC Certificates
	Exhibit J-7	Form of Transferee Certificate for Transfers of the VRR Interest

 

    -v-

     

    

 

	Exhibit J-8	Form of Transferor Certificate for Transfers of the VRR Interest
	Exhibit K-1	Form of Investor Certification for Non-Borrower Related Parties
	Exhibit K-2	Form of Investor Certification for Borrower Related Parties and/or a Risk Retention Consultation Party (for Persons other than the Directing Holder and/or a Controlling Class Certificateholder)
	Exhibit K-3	Form of Certification of the Risk Retention Consultation Party
	Exhibit L	Applicable Servicing Criteria
	Exhibit M	NRSRO Certification
	Exhibit N-1	Form of Transferor Certificate for Transfer of the Excess Servicing Fee Rights
	Exhibit N-2	Form of Transferee Certificate for Transfer of the Excess Servicing Fee Rights
	Exhibit O	Form of Online Market Data Provider Certificate
	Exhibit P	Form of Investment Representation Letter
	Exhibit Q	[Reserved]
	Exhibit R	CREFC® Payment Information
	Exhibit S	Form of Certificate Administrator Receipt of the Class VRRC Certificates
	Exhibit T	Additional Form 10-D Disclosure
	Exhibit U	Additional Form 10-K Disclosure
	Exhibit V	Additional Disclosure Notification
	Exhibit W	Form 8-K Disclosure Information
	Exhibit X	Initial Sub-Servicers
	Exhibit Y	Form of Annual Compliance Statement
	Exhibit Z	Form of Report on Assessment of Compliance with Servicing Criteria
	Exhibit AA-1	Form of Certification to be Provided to Depositor by Servicer
	Exhibit AA-2	Form of Certification to be Provided to Depositor by Special Servicer
	Exhibit AA-3	Form of Certification to be Provided to Depositor by Certificate Administrator
	Exhibit AA-4	Form of Certification to be Provided to Depositor by Trustee

 

    -vi-

     

    

 

THIS
TRUST AND SERVICING AGREEMENT (“Agreement”) is dated as of March 15, 2022 among Barclays Commercial Mortgage
Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wilmington Trust, National Association,
as Trustee, and Computershare Trust Company, National Association, as Certificate Administrator and Custodian.

 

INTRODUCTORY
STATEMENT

 

Terms
not defined in this Introductory Statement shall have the meanings specified in Article 1 hereof.

 

Barclays
Capital Real Estate Inc. ( “BCREI”) and Bank of Montreal ( “BMO” and together with BCREI,
the “Originators”) co-originated a ten-year fixed rate, interest-only mortgage loan (the “Mortgage
Loan”) pursuant to a Loan Agreement, dated as of the Origination Date (the “Mortgage Loan Agreement”),
among BCREI, BMO and SJCCRE1 LLC, as borrower (the “Borrower”).

 

The
Mortgage Loan consists of (a) a loan that has an unpaid principal balance as of the Closing Date of $309,500,000 (the “Trust
Loan”) and is evidenced by the promissory notes designated as Note A-1, Note A-2, Note B-1 and Note B-2 (as the same
may hereafter be amended, restated, replaced, extended, renewed, supplemented, consolidated, severed, split or otherwise modified,
the “Trust Notes”) and (b) loans that have an aggregate unpaid principal balance as of the Closing Date
of $204,000,000 (the “Companion Loans”) and are evidenced by the promissory notes designated as Note A-3, Note
A-4, Note A-5, Note A-6, Note A-7, Note A-8 and Note A-9 (as the same may hereafter be amended, restated, replaced, extended,
renewed, supplemented, consolidated, severed, split or otherwise modified, the “Companion Loan Notes”). The
Trust Notes and the Companion Loan Notes are collectively referred to herein as the “Notes”.

 

The
Trust Loan was sold and assigned by BCREI and BMO (collectively, the “Trust Loan Sellers”) to the Depositor
pursuant to a trust loan purchase and sale agreement, dated as of March 15, 2022 (the “Trust Loan Purchase Agreement”),
among the Trust Loan Sellers and the Depositor. The Companion Loans are not part of the Trust Fund. The relative rights of the
respective lenders in respect of the Mortgage Loan are set forth in a co-lender agreement dated as of February 23, 2022 (as amended,
restated, supplemented or otherwise modified from time to time, the “Co-Lender Agreement”), among the holders
of the Trust Notes and the holders of the Companion Loan Notes. From and after the Closing Date, the entire Mortgage Loan is to
be serviced and administered in accordance with this Agreement.

 

As
provided for herein, the Certificate Administrator shall elect or shall cause elections to be made to treat designated portions
of the Trust Fund (exclusive of the Excess Interest and the proceeds thereof in the Excess Interest Distribution Account) for
federal income tax purposes as two separate real estate mortgage investment conduits (the “Upper-Tier REMIC”
and the “Lower-Tier REMIC” and, each, a “Trust REMIC”). Each Class of Regular Certificates
and the VRR Interest (in each case, excluding the right to receive Excess Interest) will represent a single class of “regular
interests” in the Upper-Tier REMIC, as further described herein. Each

 

     

     

    

 

Class of Uncertificated Lower-Tier Interests will
represent a single class of “regular interests” in the Lower-Tier REMIC as further described herein. The Class R
Certificates will evidence the sole class of “residual interests” in each of the Upper-Tier REMIC and Lower-Tier REMIC
for purposes of the REMIC Provisions under federal income tax law.

 

In
addition, the portion of the Trust Fund consisting of the Excess Interest with respect to the Trust Loan and related proceeds
will be treated as a grantor trust (the “Grantor Trust”) for federal income tax purposes, and the Regular Certificates
and the VRR Interest will represent undivided beneficial interests in such Class’s entitlements to the Grantor Trust. As
provided herein, the Certificate Administrator shall take all actions expressly required hereunder to ensure that the portion
of the Trust Fund consisting of the Grantor Trust maintains its status as a grantor trust under federal income tax law and not
be treated as part of the Trust REMICs.

 

In
exchange for the Trust Loan and the Uncertificated Lower-Tier Interests, the Trust will issue to the Depositor the Class A,
Class B, Class C, Class D and Class E Certificates (collectively, the “Non-Retained Certificates”), the Class
VRRC Certificates, the Class R Certificates (together with the Non-Retained Certificates and the Class VRRC Certificates,
the “Certificates”) and an uncertificated VRR Interest (the “VRR Interest”), which Certificates
and VRR Interest in the aggregate will evidence the entire ownership interest in the Trust. The Trust Fund consists principally
of the Trust Loan, the Mortgage and the Mortgage Loan Documents (exclusive of the rights of the Companion Loan Holders thereunder)
and all payments under, and proceeds of, the Trust Loan from and after the Closing Date.

 

The
Depositor intends to sell the Certificates (other than the Class VRRC Certificates) to the Initial Purchasers, and the Depositor
intends to sell the Class VRRC Certificates to Barclays Bank PLC (“Barclays Bank”) in an offering exempt from
the registration requirements of the federal securities laws. The Depositor intends to convey the VRR Interest to BMO.

 

UPPER-TIER
REMIC

 

As
further described in Section 2.10, the Class A, Class B, Class C, Class D, Class E and Class VRRC Certificates
and the uncertificated VRR Interest (in each case, excluding the right to receive Excess Interest) will evidence the “regular
interests” in the Upper-Tier REMIC created hereunder. The Class UT-R Interest will constitute the sole class of “residual
interests” in the Upper-Tier REMIC created hereunder, and will be evidenced by the Class R Certificates. The following
table sets forth the class designation, the Pass-Through Rate and the aggregate initial Certificate Balance (the “Original
Certificate Balance”) or the initial principal balance for the VRR Interest (the “Original VRR Interest Balance”),
as applicable, for each Class of Certificates, the VRR Interest and the Class UT-R Interest comprising the interests in the Upper-Tier
REMIC created hereunder:

 

	Class

                                         Designation

        
	 	Pass-Through
                                         Rate

        

        (per
annum) 

	 	Original
Certificate 

Balance 

	Class A	 	2.54303%(1)	 	$41,230,000
	Class B	 	2.54303%(1)	 	$53,010,000
	Class C	 	2.54303%(1)	 	$47,785,000

 

    -2-

     

    

 

	Class

                                         Designation

        
	 	Pass-Through
                                         Rate

        

        (per
annum) 

	 	Original
Certificate 

Balance 

	Class D	 	2.54303%(1)	 	$132,000,000
	Class
    E	 	2.54303%(1)	 	$20,000,000
	Class
    VRRC	 	(2)	 	$10,058,750
	VRR
    Interest	 	(2)	 	$5,416,250
	Class
    UT-R	 	None(3)	 	None(3)

 

 

		(1)	The
                                         Pass-Through Rate applicable to each of the Class A, Class B, Class C, Class D and Class
                                         E Certificates will be a per annum rate equal to the WAC Rate.

 

		(2)	Although
                                         they do not have a specified Pass-Through Rate, the effective interest rate of each of
                                         the Class VRRC Certificates and the VRR Interest (the “VRR ABS Interest Rate”)
                                         for any Distribution Date will be a per annum rate equal to the WAC Rate. During the
                                         initial Certificate Interest Accrual Period, it is expected that the VRR ABS Interest
                                         Rate will equal approximately 2.54303%.

 

		(3)	The
                                         Class UT-R Interest (evidenced by the Class R Certificates) will not have a Certificate
                                         Balance, will not bear interest and will not be entitled to distributions of Yield Maintenance
                                         Premiums. Any Aggregate Available Funds remaining in the Upper-Tier Distribution Account,
                                         after all required distributions under this Agreement have been made to each other Class
                                         of Certificates and the Class LT-R Interest, will be distributed to the Holders of the
                                         Class R Certificates in respect of the Class UT-R Interest.

 

LOWER-TIER
REMIC

 

The
Class LA, Class LB, Class LC, Class LD, Class LE, Class LVRRC and LVRRI Uncertificated Interests will evidence
the “regular interests” in the Lower-Tier REMIC created hereunder. The Class LT-R Interest will constitute the
sole class of “residual interests” in the Lower-Tier REMIC created hereunder and will be evidenced by the Class R
Certificates. The following table sets forth the initial Lower-Tier Principal Amounts and Pass-Through Rates for the Uncertificated
Lower-Tier Interests and the Class LT-R Interest comprising the interests in the Lower-Tier REMIC created hereunder:

 

	Class

                                         Designation

        
	Pass-Through
                                         

Rate/VRR ABS 

Interest Rate

        
	Original
Lower-Tier

Principal Amount 

	Class LA	(1)	$41,230,000
	Class LB	(1)	$53,010,000
	Class LC	(1)	$47,785,000
	Class LD	(1)	$132,000,000
	Class
    LE	(1)	$20,000,000
	Class LVRRC	(1)	$10,058,750
	LVRRI	(1)	$5,416,250(2)
	Class LT-R	None	None(3)

 

 

		(1)	For
                                         any Distribution Date, the Pass-Through Rate for each of these Uncertificated Lower-Tier
                                         Interests (other than the Class LVRRC and LVRRI Uncertificated Interests) shall be the
                                         Net Trust Note Rate of the Trust Notes for such Distribution Date, or in the case of
                                         the Class LVRRC or LVRRI Uncertificated Interest, the VRR ABS Interest Rate as described
                                         below.

 

    -3-

     

    

 

		(2)	The
                                         LVRRI Uncertificated Interest will have an initial principal balance equal to the Original
                                         VRR Interest Balance.

 

		(3)	The
                                         Class LT-R Interest (evidenced by the Class R Certificates) will not have a Certificate
                                         Balance, will not bear interest and will not be entitled to distributions of Yield Maintenance
                                         Premiums. Any Aggregate Available Funds constituting assets remaining in the Lower-Tier
                                         Distribution Account after distributing the Lower-Tier Distribution Amount shall be distributed
                                         to the Holders of the Class R Certificates in respect of the Class LT-R Interest
                                         (but only to the extent of the Aggregate Available Funds for such Distribution Date,
                                         if any, remaining in the Lower-Tier Distribution Account).

 

THE
GRANTOR TRUST

 

The
Sequential Pay Certificates, the Class VRRC Certificates and the VRR Interest shall each represent undivided beneficial interests
in their portion of the Grantor Trust, in each case as described herein. As provided herein, the Certificate Administrator shall
not take any actions that would cause the portions of the Trust Fund consisting of the Grantor Trust (i) to fail to maintain its
status as a “grantor trust” under federal income tax law or (ii) to be treated as part of any Trust REMIC.

 

All
covenants and agreements made by the Depositor herein are for the benefit and security of the Certificateholders, the VRR Interest
Owner and the Trustee as Holder of the Uncertificated Lower-Tier Interests. The Depositor, the Servicer, the Special Servicer,
the Certificate Administrator, the Custodian and the Trustee are entering into this Agreement, and the Trustee is accepting the
trusts created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged.

 

W
I T N E S S E T H T H A T:

 

In
consideration of the mutual agreements herein contained, the parties hereto agree as follows:

 

1.                 DEFINITIONS

 

1.1.          
Definitions. Whenever used in this Agreement, the following words and phrases, unless the context otherwise requires, shall
have the following meanings and such meanings shall be equally applicable to the singular and plural forms of such terms, as the
context may require.

 

“17g-5
Information Provider”: The Certificate Administrator.

 

“17g-5
Information Provider’s Website”: The internet website of the 17g-5 Information Provider that will initially
be located within the Certificate Administrator’s Website (www.ctslink.com), under the ‘NRSRO’ tab on the page
relating to this transaction. Such website shall provide means of navigation for the Depositor and each NRSRO (including the Rating
Agencies) to the portion of the Certificate Administrator’s website available to Privileged Persons.

 

“A
Notes”: Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6, Note A-7, Note A-8 and Note A-9.

 

    -4-

     

    

 

“Acceptable
Insurance Default”: Any default arising when the Mortgage Loan Documents require that the Borrower must maintain all
risk casualty insurance or other insurance that covers damages or losses arising from acts of terrorism and the Special Servicer
has determined, in its reasonable judgment in accordance with Accepted Servicing Practices, that (i) such insurance is not available
at commercially reasonable rates and the subject hazards are not commonly insured against by prudent owners of similar real properties
located in or near the geographic region in which the Property is located (but only by reference to such insurance that has been
obtained by such owners at current market rates), or (ii) such insurance is not available at any rate. Each of the Servicer (at
its own expense) and the Special Servicer (as a Trust Fund Expense) shall be entitled to rely on insurance consultants in making
the determinations described in this definition.

 

“Accepted
Servicing Practices”: As defined in Section 3.1.

 

“Acquisition
Date”: The date upon which, under the Code (and in particular the REMIC Provisions and Section 856(e) of the Code),
the Trust Fund is deemed to have acquired the Property.

 

“Act”:
The Securities Act of 1933, as it may be amended from time to time.

 

“Additional
Compensation”: Default Interest and late payment fees (after all payments pursuant to Section 3.4(c)(iv)
and 3.4(c)(v)), Assumption Fees, Assumption Application Fees, substitution fees, release fees (including, without limitation,
any fees payable in connection with a defeasance), Modification Fees, consent fees, amounts collected for checks returned for
insufficient funds, charges for beneficiary statements or demands, other loan processing fees, review fees and similar fees and
expenses to which the Servicer and the Special Servicer, as applicable, are entitled (to the extent permitted by (or not otherwise
prohibited by)) and specifically allocated to such amounts or actually paid by the Borrower in accordance with the terms of the
Mortgage Loan Documents or pursuant to this Agreement and any income earned (net of losses (subject to Section 3.8(b)))
on the investment of funds deposited in the Collection Account, the Foreclosed Property Account and any Reserve Account pursuant
to Section 3.8 of this Agreement.

 

“Additional
Disclosure Notification”: The form of notification to be included with any Additional Form 10-D Disclosure, Additional
Form 10-K Disclosure or Form 8-K Disclosure Information which is attached to this Agreement as Exhibit V.

 

“Additional
Form 10-D Disclosure” The information described in the Form 10-D items set forth under the “Item on Form 10-D”
column on Exhibit T hereto.

 

“Additional
Form 10-K Disclosure” The information described in the Form 10-K items set forth under the “Item on Form 10-K”
column on Exhibit U hereto.

 

“Additional
Servicer”: Each Affiliate of the Servicer or the Special Servicer that Services the Mortgage Loan and each Person who
is not an Affiliate of the Servicer, other than the Special Servicer or the Certificate Administrator, who Services the Mortgage
Loan as of any date of determination.

 

    -5-

     

    

 

“Administrative
Advances”: As defined in Section 3.23(b).

 

“Advance”:
Any Administrative Advance, Monthly Payment Advance or the Property Protection Advance.

 

“Advance
Rate”: As defined in Section 3.23(d).

 

“Adverse
REMIC Event”: As defined in Section 12.1(j).

 

“Affiliate”:
With respect to any specified Person, any other Person, directly or indirectly, controlling or controlled by or under common control
with such specified Person. 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, relation to individuals or otherwise, and the terms “controlling” and “controlled”
have meanings correlative to the foregoing. The Trustee and/or the Certificate Administrator may obtain and rely upon an Officer’s
Certificate of the Servicer, the Special Servicer, the Trustee (in the case of the Certificate Administrator), the Certificate
Administrator (in the case of the Trustee), the Borrower or the Depositor, as applicable, to determine whether any Person is an
Affiliate of the Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Borrower or the Depositor.

 

“Aggregate
Available Funds”: On each Distribution Date, with respect to the Mortgage Loan, an amount equal to (i) all amounts (other
than Yield Maintenance Premiums and Excess Interest) received in respect of the Mortgage Loan during the related Collection Period
or advanced in respect of interest with respect to such Distribution Date (including, without limitation, any Mortgage Loan Purchase
Price, the Repurchase Price, Condemnation Proceeds, Insurance Proceeds and/or Liquidation Proceeds received by the Trust), plus
(ii) if such Distribution Date is the Distribution Date occurring in March of each year (or February, if such Distribution Date
is the final Distribution Date), Withheld Amounts to be withdrawn from the Interest Reserve Account for such Distribution Date,
minus (iii) an amount equal to the applicable Withheld Amount in the case of the February Distribution Date and any January Distribution
Date occurring in a year that is not a leap year (unless, in either case, such Distribution Date is the final Distribution Date),
minus (iv) Trust Fund Expenses and certain other amounts and any portion of such amounts received in respect of the Mortgage Loan
that are required to be distributed to the Companion Loan Holders pursuant to the terms of the Co-Lender Agreement and any other
Available Funds Reduction Amount for such Distribution Date.

 

“Agreement”:
This Trust and Servicing Agreement (including all exhibits hereto) and all amendments and supplements hereto.

 

“A.M.
Best”: A.M. Best Company, Inc., and its successors in interest.

 

“Annual
Budget”: As defined in the Mortgage Loan Agreement.

 

“Applicable
Banking Law”: As defined in Section 8.2(d).

 

“Applicable
Servicing Criteria”: With respect to the Servicer, the Special Servicer or any Servicing Function Participant, the Servicing
Criteria applicable to it, as set forth

 

    -6-

     

    

 

on Exhibit L attached hereto. For clarification purposes, multiple parties
can have responsibility for the same Applicable Servicing Criteria and with respect to a Servicing Function Participant engaged
by the Servicer or the Special Servicer, the term “Applicable Servicing Criteria” may refer to a portion of
the Applicable Servicing Criteria applicable to the Servicer or the Special Servicer, as the case may be.

 

“Applied
Realized Loss Amount”: All amounts applied to reduce the Certificate Balance of a Class of Certificates in respect of
Realized Losses pursuant to Section 4.1(g).

 

“Appraisal”:
With respect to the Property or Foreclosed Property, an appraisal of the Property or Foreclosed Property, conducted by an Independent
Appraiser in accordance with the standards of the Appraisal Institute and certified by such Independent Appraiser as having been
prepared in accordance with the requirements of the Standards of Professional Practice of the Appraisal Institute with an “MAI”
designation and the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation, as well as the Financial
Institutions Reform, Recovery and Enforcement Act of 1989, as amended; provided that after an initial “Appraisal”
has been obtained pursuant to the terms of this Agreement, an update of such initial Appraisal shall be considered an “Appraisal”
hereunder for all purposes. All Appraisals (and updates thereof) obtained pursuant to the terms of this Agreement shall include
a valuation using the “income capitalization – discounted cash flow approach” and set forth the discount
rate and terminal capitalization rate utilized by the Independent Appraiser. All calculations under this Agreement requiring that
a “value” or “appraised value” be used with respect to the Property or Foreclosed Property (as applicable)
shall use the most recently determined appraised value set forth in an Appraisal (or update thereof) unless a different valuation
is specifically required (such as the appraised value of the Property as of the Origination Date). With respect to any Appraisal
Reduction Amount calculated for purposes of determining an Appraisal Reduction Event, the appraised value (as determined by an
updated Appraisal) of the Property securing the Mortgage Loan will be determined on an “as-is” basis, based upon the
current physical condition, use and zoning of the Property as of the date of the Appraisal.

 

“Appraisal
Reduction Amount”: As of any date of determination, an amount equal to the excess of (i) the outstanding principal balance
of the Mortgage Loan on such date plus the sum of (A) all accrued and unpaid interest on each Note at the applicable Note Rate,
(B) all unreimbursed Administrative Advances, Property Protection Advances and interest on all Advances at the Advance Rate in
respect of the Mortgage Loan or the Property and interest on all Companion Loan Advances, (C) the amount of any Advances and interest
on the Advances previously reimbursed from principal collections on the Mortgage Loan that have not otherwise been recovered from
the Borrower, (D) all currently due and unpaid real estate taxes and assessments and insurance premiums and all other amounts
due and unpaid in respect of the Property (which taxes, premiums and other amounts have not been the subject of an Advance) and
(E) to the extent not duplicative of amounts in clauses (B), (C) or (D), all unpaid Trust Fund Expenses then
due under this Agreement over (ii) the sum of (x) 90% of the appraised value (as determined by an Appraisal) of the Property
securing the Mortgage Loan less the amount of any liens (exclusive of Permitted Encumbrances) on the Property senior to the lien
of the Mortgage Loan Documents plus (y) any escrows with respect to the Mortgage Loan, including for taxes and insurance
premiums. The Trust Loan and the Companion Loans shall be treated as a single mortgage loan for purposes of calculating the Appraisal
Reduction Amount. Any Appraisal

 

    -7-

     

    

 

Reduction Amounts with respect to the Mortgage Loan shall be allocated, first, to the B
Notes, up to the full outstanding principal balance thereof, and then to the A Notes, on a pro rata and pari
passu basis, up to the full outstanding principal balance thereof. Any Appraisal Reduction Amount allocated to the A Notes
will be allocated to the Trust A Note and the Companion Loan A Notes, on a pro rata and pari passu basis, based
on their respective outstanding principal balances thereof.

 

“Appraisal
Reduction Event”: The earliest of (i) 60 days after an uncured payment delinquency (other than a delinquency in respect
of the Balloon Payment) occurs in respect of the Mortgage Loan, (ii) 90 days after an uncured delinquency occurs in respect of
the Balloon Payment for the Mortgage Loan unless a refinancing is anticipated within 120 days after the Maturity Date of the Mortgage
Loan (as evidenced by a fully executed term sheet, refinancing commitment or signed purchase and sale agreement that is reasonably
satisfactory in form and substance to the Servicer from an acceptable lender or purchaser that provides that such refinancing
or sale will occur within 120 days after the Maturity Date), in which case 120 days after such uncured delinquency, (iii) 60 days
after a reduction in Monthly Payments or a material adverse economic change with respect to the terms of the Mortgage Loan has
become effective, (iv) immediately after a receiver has been appointed in respect of the Property on behalf of the Trust or any
other creditor, (v) immediately after the Borrower declares, or becomes the subject of, bankruptcy, insolvency or similar proceeding,
admits in writing the inability to pay its debts as they came due or makes an assignment for the benefit of creditors, or (vi)
immediately after the Property becomes a Foreclosed Property.

 

“Appraised-Out
Class”: As defined in Section 3.7(f).

 

“Asset
Status Report”: As defined in Section 3.10(i).

 

“Assignment
of Leases”: With respect to the Mortgage Loan, any assignment of leases, rents and profits or similar document or instrument
executed by the Borrower in connection with the origination of the Mortgage Loan, as such assignment may be amended, modified,
renewed or extended through the date hereof and from time to time hereafter.

 

“Assignment
of Management Agreement”: With respect to the Property, as defined in the Mortgage Loan Agreement.

 

“Assignment
of Mortgage”: An assignment of the applicable Mortgage without recourse, notice of transfer or equivalent instrument,
in recordable form, which is sufficient under the laws of the jurisdiction in which the Property is located to reflect of record
the assignment of the Mortgage to the Trustee on behalf of the Trust Fund; provided, however, that the Trustee,
the Certificate Administrator, the Servicer and the Special Servicer shall not be responsible for determining whether any such
assignment is legally sufficient or in recordable form.

 

“Assumed
Monthly Payment”: With respect to the Trust Loan for any Distribution Date (including any Distribution Date following
a delinquency in the payment of the Balloon Payment or the foreclosure of the Trust Loan or acceptance by the Trustee (on behalf
of the Certificateholders and the VRR Interest Owner) and the Companion Loan Holders of a deed-

 

    -8-

     

    

 

in-lieu of foreclosure or comparable
conversion of the Trust Loan), shall be equal to the scheduled monthly payment of interest that would have been due in respect
of the Trust Loan on its Maturity Date (excluding Default Interest) and each subsequent Payment Date (or Assumed Payment Date)
if the Trust Loan had been required to continue to accrue interest in accordance with its terms (other than Default Interest),
in effect immediately prior to, and without regard to the occurrence of the Maturity Date or the occurrence of a foreclosure of
the Mortgage Loan or acceptance by the Trust of a deed-in-lieu of foreclosure or comparable conversion of the Mortgage Loan, in
respect of the Trust Loan on the last Payment Date (or Assumed Payment Date) prior to its foreclosure or acceptance of a deed-in-lieu,
in each case as such terms may have been modified, and such Maturity Date may have been extended, in connection with a bankruptcy
or similar proceeding involving the Borrower or otherwise or a modification, waiver or amendment granted or agreed to by the Servicer
or Special Servicer, as if the Mortgage Loan had not become due on the Maturity Date or such foreclosure or acceptance of a deed-in-lieu
of foreclosure or comparable conversion of the Mortgage Loan had not occurred.

 

“Assumed
Payment Date”: With respect to the Trust Loan for any calendar month following a delinquency in the payment of the Balloon
Payment or the foreclosure of the Mortgage Loan or acceptance by the Trust of a deed-in-lieu of foreclosure or comparable conversion
of the Mortgage Loan, the date that would have been the Payment Date in such calendar month if the Maturity Date or the foreclosure
of the Mortgage Loan or acceptance by the Trust of a deed-in-lieu of foreclosure or comparable conversion of the Mortgage Loan
had not occurred.

 

“Assumption
Application Fees”: With respect to the Mortgage Loan, any and all assumption application fees actually paid by or on
behalf of the Borrower in accordance with the Mortgage Loan Documents, with respect to any application submitted to the Servicer
or the Special Servicer for a proposed assumption or substitution transaction or proposed transfer of an interest in the Borrower.

 

“Assumption
Fees”: Any and all assumption fees actually paid by or on behalf of the Borrower in accordance with the Mortgage Loan
Documents, with respect to any assumption or substitution agreement entered into by the Servicer or the Special Servicer or paid
by or on behalf of the Borrower with respect to any transfer of an interest in the Borrower.

 

“Authenticating
Agent”: As defined in Section 8.11(a).

 

“Available
Funds Reduction Amount”: As of each Distribution Date, all amounts withdrawn on the related Remittance Date or during
the related Collection Period from the Collection Account pursuant to Section 3.4(c).

 

“B
Notes”: The promissory notes designated as Note B-1 and Note B-2.

 

“Balloon
Payment”: The payment of the outstanding principal balance of the Mortgage Loan, Trust Loan or a Companion Loan, as
applicable, together with all accrued and unpaid interest, due and payable on the Maturity Date or such other date on which the
outstanding principal balance of the Mortgage Loan, the Trust Loan or the Companion Loans become due and payable, whether by declaration
of acceleration, or otherwise.

 

    -9-

     

    

 

“Barclays
Bank”: Barclays Bank PLC, a public limited company registered in England and Wales, and its successors in interest.

 

“Barclays
Capital”: Barclays Capital Inc., a Connecticut corporation, and its successors-in-interest.

 

“Base
Interest Fraction”: With respect to any payment of a Yield Maintenance Premium, and with respect to any class of Sequential
Pay Certificates, a fraction (A) the numerator of which shall be the greater of (x) zero and (y) the difference
between (i) the Pass-Through Rate on that Class, and (ii) the applicable Discount Rate and (B) the denominator
of which shall be the difference between (i) the Interest Rate and (ii) the applicable Discount Rate; provided,
however, that: (a) under no circumstances will the Base Interest Fraction be greater than one; (b) if the applicable
Discount Rate is greater than or equal to the Trust Note Rate and is greater than or equal to the pass-through rate on that class,
then the Base Interest Fraction will equal zero; and (c) if the applicable Discount Rate is greater than or equal to the
Trust Note Rate and is less than the pass-through rate on that class, then the Base Interest Fraction will be equal to 1.0.

 

“BCREI”:
As defined in the Introductory Statement.

 

“Beneficial
Owner”: With respect to a Global Certificate, the Person who is the beneficial owner of such Certificate as reflected
on the books of the Depository or on the books of a Person maintaining an account with such Depository (directly as a Depository
Participant or indirectly through a Depository Participant, in accordance with the rules of such Depository). Each of the Depositor,
the Trustee, the Certificate Administrator, the Special Servicer and the Servicer, as applicable, shall have the right to require,
as a condition to acknowledging the status of any Person as a Beneficial Owner under this Agreement, that such Person provide
an Investor Certification.

 

“BMO”:
As defined in the Introductory Statement.

 

“BMO
Capital”: BMO Capital Markets Corp., and its successors-in-interest.

 

“Borrower”:
As defined in the Introductory Statement.

 

“Borrower
Related Party”: The Borrower, the Borrower Sponsors, the general partner or managing member of any of the foregoing
or any of their respective Control Affiliates or agents.

 

“Borrower
Sponsor”: AGC Equity Partners Investments Ltd., an exempted company incorporated under the laws of the Cayman Islands.

 

“Business
Day”: Any day other than a Saturday, Sunday or any other day on which any of the following are not open for business:
(a) national banks in New York, California, Kansas, Ohio or North Carolina, (b) the place of business of the Trustee, the Certificate
Administrator, the Servicer, the Special Servicer or the financial institution that maintains the Collection Account, the Foreclosed
Property Account or any Reserve Account, or (c) the New York Stock Exchange or the Federal Reserve Bank of New York.

 

    -10-

     

    

 

“Cash
Management Account”: As defined in the Mortgage Loan Agreement.

 

“Cash
Management Agreement”: As defined in the Mortgage Loan Agreement.

 

“CERCLA”:
The Comprehensive Environmental Response, Compensation and Liability Act of 1980, 42 U.S. C. §§ 9601 et seq.,
as amended.

 

“Certificate”:
Any Class A, Class B, Class C, Class D, Class E, Class VRRC or Class R Certificate.

 

“Certificate
Administrator”: Computershare Trust Company, National Association, in its capacity as certificate administrator, or
if any successor certificate administrator is appointed as herein provided, such certificate administrator. Computershare Trust
Company, National Association will perform its role as Certificate Administrator through its Corporate Trust Services division
(including any agents or affiliates, as applicable, utilized thereby).

 

“Certificate
Administrator Fee”: With respect to the Trust Loan and for any Distribution Date, an amount accrued during the related
Mortgage Loan Interest Accrual Period at the Certificate Administrator Fee Rate on the outstanding principal balance of the Trust
Loan as of the close of business on the Distribution Date in such Mortgage Loan Interest Accrual Period; provided that
such amounts shall be computed for the same period and on the same interest accrual basis respecting which any related interest
payment due or deemed due on the Trust Loan is computed and shall be prorated for partial periods. A portion of the Certificate
Administrator Fee, namely the Trustee Fee, shall be payable to the Trustee. For the avoidance of doubt, the Certificate Administrator
Fee shall be deemed to be payable from the Lower-Tier REMIC.

 

“Certificate
Administrator Fee Rate”: With respect to the Trust Loan, a rate equal to 0.0090% per annum, calculated on the
same interest accrual basis as the Trust Loan. A portion of the Certificate Administrator Fee Rate shall constitute the Trustee
Fee and shall be payable to the Trustee by the Certificate Administrator.

 

“Certificate
Administrator’s Website”: The internet website of the Certificate Administrator, initially located at www.ctslink.com.

 

“Certificate
Balance”: With respect to each outstanding Class of Sequential Pay Certificates and the Class VRRC Certificates at any
date, an amount equal to the aggregate initial Certificate Balance of such Class as set forth in the Introductory Statement less
the sum of (a) all amounts distributed to Certificateholders of such Class on all previous Distribution Dates and treated
under this Agreement as allocable to principal and (b) the aggregate amount of Non-VRR ABS Interest Realized Losses or VRR
ABS Interest Realized Losses, as applicable, allocated to such Class of Certificates on all previous Distribution Dates, if any,
pursuant to Section 4.1(g). With respect to any individual Certificate in any Class, the product of (x) the Percentage
Interest represented by such Certificate multiplied by (y) the Certificate Balance of such Class.

 

“Certificate
Interest Accrual Period”: With respect to any Distribution Date and with respect to each Class of Certificates (as well
as for the VRR Interest), the period from and

 

    -11-

     

    

 

including the first day of the calendar month immediately preceding the calendar
month in which such Distribution Date occurs to and including the last day of the calendar month immediately preceding the calendar
month in which that Distribution Date occurs.

 

“Certificate
Register” and “Certificate Registrar”: The register maintained and the registrar appointed pursuant
to Section 5.3(a).

 

“Certificateholder”
or “Holder”: With respect to any Certificate, the Person in whose name a Certificate is registered in the Certificate
Register; provided, however, that solely for the purposes of providing, distributing or otherwise making available
any reports, statements, communications or other information as required or permitted to be provided, distributed or made available
to a Certificateholder under this Agreement, a Certificateholder shall include any Beneficial Owner to the extent that the Person
providing, distributing or making available such reports, statements, communications or other information has received from such
Beneficial Owner an Investor Certification that such Person is a Beneficial Owner; and provided, further that, solely
for the purposes of giving any consent, waiver, request or demand or taking any action (including, without limitation, selecting
or appointing a Directing Holder), any Certificate (including any Class VRRC Certificate) beneficially owned by the Servicer,
the Special Servicer, the Trustee, the Certificate Administrator, any Borrower Related Party, the Manager or any of their sub-servicers,
or any of their respective Affiliates or agents, shall be deemed not to be outstanding and the Voting Rights to which it is entitled
and the Certificate Balance of such Certificate shall not be taken into account in determining whether the requisite percentage
of Voting Rights and/or of the Certificate Balance of the Certificates or any Class of Certificates necessary to take any such
action or effect any such consent, waiver, request or demand has been obtained; provided that the foregoing limitation
will not be construed so as to limit or prevent a Controlling Class Certificateholder or the Directing Holder, solely based on
it being (to the extent that it is) an Affiliate of the Special Servicer, from exercising any appointment, consent or consultation
rights it may have under this Agreement solely in its capacity as Controlling Class Certificateholder or Directing Holder (unless,
for the avoidance of doubt, the Controlling Class Certificateholder or Directing Holder is the Servicer, the Trustee, the Certificate
Administrator, any Borrower Related Party, the Manager or any of the subservicers or respective Affiliates or agents of the foregoing).
Notwithstanding the foregoing, for purposes of obtaining the consent of Certificateholders to an amendment of this Agreement,
any Certificate (including any Class VRRC Certificate) beneficially owned by the Trustee, the Certificate Administrator, the Servicer,
the Special Servicer or any of their respective Affiliates shall be deemed to be outstanding; provided that such amendment
does not relate to the termination of, increase in compensation of or material reduction in obligations of, the Trustee, the Certificate
Administrator, the Servicer, the Special Servicer or any of their Affiliates (other than solely in its capacity as a Certificateholder)
in any material respect, in which case such Certificate shall be deemed not to be outstanding. The Trustee, the Certificate Administrator
and the Certificate Registrar may obtain and conclusively rely upon an Officer’s Certificate of the Depositor, the Servicer,
the Special Servicer, the Certificate Administrator (in the case of the Trustee), the Trustee (in the case of the Certificate
Administrator), the Borrower, a Borrower Related Party, the Manager, or any sub-servicer to determine whether a Certificate is
beneficially owned by an Affiliate of any of them.

 

    -12-

     

    

 

“Certificateholder
Quorum” means, in connection with any solicitation of votes in connection with the replacement of the Special Servicer
pursuant to Section 7.1(e), the holders of Certificates evidencing at least 50% of the aggregate Voting Rights (taking
into account the application of any Appraisal Reduction Amounts to notionally reduce the Certificate Balance of the Certificates)
of all Sequential Pay Certificates.

 

“Class”:
With respect to the Certificates, all of the Certificates bearing the same alphabetical and numerical class designation, and each
Uncertificated Lower-Tier Interest.

 

“Class A
Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form set
forth in Exhibit A-1 hereto and designated as a Class A Certificate.

 

“Class A
Pass-Through Rate”: As set forth in the Upper-Tier REMIC section of the Introductory Statement of this Agreement.

 

“Class B
Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form set
forth in Exhibit A-2 hereto and designated as a Class B Certificate.

 

“Class B
Pass-Through Rate”: As set forth in the Upper-Tier REMIC section of the Introductory Statement of this Agreement.

 

“Class C
Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form set
forth in Exhibit A-3 hereto and designated as a Class C Certificate.

 

“Class C
Pass-Through Rate”: As set forth in the Upper-Tier REMIC section of the Introductory Statement of this Agreement.

 

“Class D
Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form set
forth in Exhibit A-4 hereto and designated as a Class D Certificate.

 

“Class D
Pass-Through Rate”: As set forth in the Upper-Tier REMIC section of the Introductory Statement of this Agreement.

 

“Class
E Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form
set forth in Exhibit A-5.

 

“Class E
Pass-Through Rate”: As set forth in the Upper-Tier REMIC section of the Introductory Statement of this Agreement.

 

“Class LA
Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier REMIC
and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.

 

    -13-

     

    

 

“Class LB
Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier REMIC
and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.

 

“Class LC
Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier REMIC
and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.

 

“Class LD
Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier REMIC
and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.

 

“Class LE
Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier REMIC
and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.

 

“Class LT-R
Interest”: The residual interest in the Lower-Tier REMIC. The Class LT-R Interest will be represented by the Class R
Certificates.

 

“Class LVRRC
Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier REMIC
and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.

 

“Class R
Certificate”: A Certificate executed and authenticated by the Certificate Administrator, in substantially the form set
forth in Exhibit A-7 hereto and designated as a Class R Certificate. The Class R Certificates have neither
a Certificate Balance nor a Pass-Through Rate. The Class R Certificates will evidence the Class LT-R and Class UT-R Interests.

 

“Class
UT-R Interest”: The residual interest in the Upper-Tier REMIC. The Class UT-R Interest will be represented by the Class R
Certificates.

 

“Class
VRRC Certificates”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form
set forth in Exhibit A-6 hereto and designated as a Class VRRC Certificate.

 

“Clearing
Agency”: An organization registered as a “clearing agency” pursuant to Section 17A of the Exchange
Act. The initial Clearing Agency shall be The Depository Trust Company.

 

“Clearstream”:
As defined in Section 5.2(a).

 

“Closing
Date”: March 15, 2022.

 

“Code”:
The Internal Revenue Code of 1986, as amended, and as it may be further amended from time to time, any successor statutes thereto,
and applicable U.S. Department of the Treasury regulations issued pursuant thereto in temporary or final form and

 

    -14-

     

    

 

any proposed
regulations thereunder, to the extent that, by reason of their proposed effective date, such proposed regulations would apply
to the Trust Fund.

 

“Co-Lender
Agreement”: As defined in the Introductory Statement.

 

“Collateral”:
The Property securing the Mortgage Loan, the Mortgage Loan Documents assigned with respect to the Mortgage Loan, the Reserve Accounts
(and all sums held, deposited or invested therein and all proceeds thereof) with respect to the Mortgage Loan and all other collateral
that is subject to security interests and liens granted to secure the Mortgage Loan under the terms of the Mortgage Loan Documents.

 

“Collateral
Security Documents”: Any document or instrument given to secure or guaranty the Mortgage Loan, including without limitation,
the Mortgage and the Assignment of Leases, if any, as amended, supplemented, assigned or extended.

 

“Collection
Account”: As defined in Section 3.4(a).

 

“Collection
Period”: (i) With respect to the first Distribution Date following the Closing Date, the period commencing on and
including the Closing Date and ending on and including the Determination Date relating to such Distribution Date, and (ii) with
respect to any other Distribution Date, the period commencing on and including the date immediately following the Determination
Date relating to the immediately preceding Distribution Date and ending on and including the Determination Date relating to such
Distribution Date.

 

“Commission”:
The Securities and Exchange Commission.

 

“Companion
Loan”: As defined in the Introductory Statement.

 

“Companion
Loan A Notes”: The promissory notes designated as Note A-3, Note A-4, Note A-5, Note A-6, Note A-7, Note A-8 and Note
A-9.

 

“Companion
Loan Advance”: With respect to a Companion Loan that is part of an Other Securitization Trust, any advance of delinquent
scheduled payments with respect to such Companion Loan made by the master servicer or trustee with respect to such Other Securitization
Trust.

 

“Companion
Loan Distribution Account”: As defined in Section 3.4(a).

 

“Companion
Loan Holder”: The holder of a Companion Loan.

 

“Companion
Loan Notes”: As defined in the Introductory Statement.

 

“Companion
Loan Rating Agency”: With respect to a Companion Loan or any portion thereof, any rating agency that was engaged by
a participant in the securitization of such Companion Loan or such portion to assign a rating to the related Companion Loan Securities.

 

“Companion
Loan Rating Agency Confirmation”: With respect to any matter involving the servicing and administration of a Companion
Loan as to which any Companion

 

    -15-

     

    

 

Loan Securities exist, confirmation in writing (which may be in electronic form) by each applicable
Companion Loan Rating Agency 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 such Companion Loan Securities
(if then rated by such Companion Loan Rating Agency); provided that upon receipt of a written waiver or other acknowledgment from
a Companion Loan Rating Agency indicating its decision not to review or declining to review the matter for which the Companion
Loan Rating Agency Confirmation is sought (such written notice, a “Companion Loan Rating Agency Declination”),
or as otherwise provided in Section 3.29(b) of this Agreement, the requirement for the Companion Loan Rating Agency Confirmation
from the applicable Companion Loan Rating Agency with respect to such matter shall not apply. With respect to any matter affecting
any Companion Loan, so long as such Companion Loan (or any portion thereof) is subject to a securitization transaction, any Rating
Agency Confirmation will also refer to confirmation in writing (which may be in electronic format) by each applicable rating agency
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 backed by such Companion Loan or any portion thereof
(if then rated by such rating agency); provided that a written waiver (which may be in electronic format) or other acknowledgment
from such rating agency indicating its decision not to review or to decline to review the matter for which the Rating Agency Confirmation
is sought will be deemed to satisfy the requirement for the Rating Agency Confirmation from the rating agency with respect to
such matter.

 

“Companion
Loan Securities”: Any commercial mortgage-backed securities that evidence an interest in or are secured by the assets
of an Other Securitization Trust, which assets include a Companion Loan (or a portion thereof).

 

“Condemnation
Proceeds”: The portion of the Net Proceeds relating to a Condemnation (as defined in the Mortgage Loan Agreement).

 

“Confidential
Information”: With respect to the Servicer or the Special Servicer, as applicable, all material non-public information
obtained in the course of and as a result of such Person’s performance of its duties as Servicer or Special Servicer, as
applicable, with respect to the Mortgage Loan, the Borrower and the Property, unless such information (i) was already in
the possession of such Person prior to being disclosed to such Person, (ii) is or becomes available to such Person from a
source other than its activities as Servicer or Special Servicer, as applicable, (iii) is or becomes generally available
to the public other than as a result of a disclosure by the Servicer Servicing Personnel or Special Servicer Servicing Personnel
or (iv) is required to be disclosed by a court or administrative order or lawful discovery demand, provided such Person shall
use reasonable efforts to obtain confidential treatment thereof. Notwithstanding the foregoing, the Trustee and the Certificate
Administrator shall be permitted to comply with their respective obligations hereunder to make information available to the extent
that such information was received by it in its capacity as Trustee or Certificate Administrator, as applicable.

 

“Consultation
Termination Event”: The occurrence when the most senior Class of Control Eligible Certificates no longer has a then
outstanding Certificate Balance at least

 

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equal to 25% of the initial Certificate Balance of such Class, without regard to the
application of any Appraisal Reduction Amounts.

 

“Control
Affiliate”: As to any particular Person, any Person, directly or indirectly through one or more intermediaries, Controlling,
Controlled by or under common Control with, such Person in question. As used solely in this definition of “Control Affiliate”,
“Control” means (a) the ownership, directly or indirectly, in the aggregate of 25% or more of the beneficial ownership
interests of an entity, or (b) 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 by,”
“Controlling” and “under common Control with” have the respective correlative meanings to such terms.
The Trustee and/or the Certificate Administrator may obtain and rely upon a certification of the Borrower, any Borrower Sponsor
or any guarantor (or any replacement guarantor) to determine whether any Person is a Control Affiliate.

 

“Control
Eligible Certificates”: The Class D and Class E Certificates.

 

“Control
Termination Event”: With respect to any date of determination, if the Certificate Balance of the most senior Class of
Control Eligible Certificates on such date (taking into account the application of any Trust Appraisal Reduction Amounts to notionally
reduce the Certificate Balance of such Class) is less than 25% of the initial Certificate Balance of such Class. If a Control
Termination Event no longer exists, then the Directing Holder shall regain all the consent and direction rights of the Directing
Holder set forth in this Agreement.

 

“Controlling
Class”: With respect to any date of determination, will be the most subordinate Class of Control Eligible Certificates
then outstanding that has an outstanding Certificate Balance, as notionally reduced by any Appraisal Reduction Amounts allocated
to such Class, equal or greater than 25% of the initial Certificate Balance of such Class or, if no Class of Control Eligible
Certificates satisfies the foregoing, the most senior Class of Control Eligible Certificates. No Class of Certificates other than
the Control Eligible Certificates will be eligible to act as the Controlling Class or appoint a Directing Holder. If a Consultation
Termination Event has occurred, there shall be no Controlling Class and no Directing Holder.

 

“Controlling
Class Certificateholder”: Each Holder (or Beneficial Owner, if applicable) of a Certificate of the Controlling Class
as determined by the Certificate Registrar, from time to time, upon request by any party hereto. The Trustee, the Servicer or
the Special Servicer may from time to time request that the Certificate Administrator provide a list of the Holders (or Beneficial
Owners, if applicable) of the Controlling Class and the Certificate Administrator shall promptly order and provide such list at
the expense of the Trust but without charge to such Trustee, Servicer or Special Servicer, as applicable. The Trustee, the Servicer
or the Special Servicer shall be entitled to rely on any such list so provided. Notwithstanding the foregoing, for purposes of
determining the Directing Holder, exercising any rights of the Controlling Class or the Directing Holder or receiving Asset Status
Reports or any other information under this Agreement other than Distribution Date Statements, any holder of any interest in a
Controlling Class Certificate who is a Borrower Related Party, the Manager or an agent or Affiliate of the foregoing will not
be deemed to be a Holder of the Controlling Class and will not be entitled to exercise such rights or receive such information,
and any Directing Holder

 

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previously appointed or selected by such Holder will thereafter not be entitled to exercise any rights
of the Directing Holder. If, as a result of the preceding sentence, no Holder of Controlling Class Certificates would be eligible
to exercise such rights, there will be no Directing Holder or Controlling Class.

 

“Controlling
Persons”: As defined in Section 6.3(a).

 

“Corporate
Trust Office”: The principal corporate trust office of the Trustee, the Certificate Administrator or the Custodian,
as applicable, at which at any particular time its corporate trust business shall be administered, which office at the date of
the execution of this Agreement is located (i) to the Certificate Administrator with respect to Certificate transfers and surrenders,
at 600 South 4th Street, 7th Floor, Minneapolis, Minnesota 55415, Attention: CTS : Certificate Transfers
(CMBS) COLEM 2022-HLNE; (ii) with respect to the Trustee at 1100 North Market Street, Wilmington, Delaware 19890, Attention:
CMBS Trustee COLEM 2022-HLNE; and (iii)  to the Certificate Administrator for all other purposes, at 9062 Old Annapolis Road,
Columbia, Maryland 21045, Attention: Corporate Trust Services (CMBS), COLEM 2022-HLNE, telecopy number (410) 715-2380, or the
principal corporate trust office of any successor trustee or certificate administrator, as applicable, qualified and appointed
pursuant to this Agreement.

 

“Credit
Risk Retention Rules”: The Credit Risk Retention Regulations, 79 Fed. Reg. 77601, pages 77740-77766 (Dec. 24, 2014),
jointly promulgated by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the
Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the Securities and Exchange Commission, and the Department
of Housing and Urban Development (the “Agencies”) (which such joint final rule has been codified, inter
alia, at 12 C.F.R. § 244) to implement the credit risk retention requirements under Section 15G of the Securities Exchange
Act of 1934 (as added by Section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act), as such regulations may
be amended from time to time, and subject to such clarification and interpretation as have been provided by such Agencies, whether
in the adopting release, or as may be provided by any such Agency or its staff from time to time, in each case, as effective from
time to time as of the applicable compliance date specified therein.

 

“CREFC®”:
The Commercial Real Estate Finance Council®, or any association or organization that is a successor thereto. If
neither such association nor any successor remains in existence, “CREFC®” shall be deemed to refer
to such other association or organization as may exist whose principal membership consists of servicers, trustees, issuers, placement
agents and underwriters generally involved in the commercial mortgage loan securitization industry, which is the principal such
association or organization in the commercial mortgage loan securitization industry and one of whose principal purposes is the
establishment of industry standards for reporting transaction-specific information relating to commercial mortgage pass-through
certificates and commercial mortgage-backed bonds and the commercial mortgage loans and foreclosed properties underlying or backing
them to investors holding or owning such certificates or bonds, and any successor to such other association or organization. If
an organization or association described in one of the preceding sentences of this definition does not exist, “CREFC®”
shall be deemed to refer to such other association or organization as shall be

 

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reasonably acceptable to the Servicer, the Special
Servicer, the Certificate Administrator, and the Trustee.

 

“CREFC®
Advance Recovery Report”: The monthly report substantially in the form of, and containing the information called
for in, the downloadable form of the “Advance Recovery Report” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be approved by the CREFC® for commercial mortgage securities transactions generally and, insofar as
it requires the presentation of information in addition to that called for by the form of the “Advance Recovery Report”
available as of the Closing Date on the CREFC® Website, is reasonably acceptable to the Servicer.

 

“CREFC®
Appraisal Reduction Template”: A report substantially in the form of, and containing the information called for
in, the downloadable form of the “Appraisal Reduction Template” available and effective from time to time on the CREFC®
Website.

 

“CREFC®
Bond Level File”: The monthly report substantially in the form of, and containing the information called for in,
the downloadable form of the “Bond Level File” available as of the Closing Date on the CREFC® Website,
or such other form for the presentation of such information and containing such additional information as may from time to time
be recommended by the CREFC® for commercial mortgage securities transactions generally and is reasonably acceptable
to the Certificate Administrator.

 

“CREFC®
Collateral Summary File”: The report substantially in the form of, and containing the information called for in,
the downloadable form of the “Collateral Summary File” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from time
to time be recommended by the CREFC® for commercial mortgage securities transactions generally and is reasonably
acceptable to the Certificate Administrator.

 

“CREFC®
Comparative Financial Status Report”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Comparative Financial Status Report” available as of the Closing Date on the
CREFC® Website, or such other form for the presentation of such information as may from time to time be recommended
by the CREFC® for commercial mortgage securities transactions generally and is reasonably acceptable to the Servicer
and the Special Servicer.

 

“CREFC®
Delinquent Loan Status Report”: A report substantially in the form of, and containing the information called for
in, the downloadable form of the “Delinquent Loan Status Report” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be recommended by the CREFC® for commercial mortgage securities transactions generally and is reasonably
acceptable to the Servicer and the Special Servicer.

 

“CREFC®
Financial File”: A report substantially in the form of, and containing the information called for in, the downloadable
form of the “Financial File” available as of the Closing Date on the CREFC® Website, or such other
form for the presentation of such

 

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information and containing such additional information as may from time to time be recommended
by the CREFC® for commercial mortgage securities transactions generally and is reasonably acceptable to the Servicer.

 

“CREFC®
Historical Bond/Collateral Realized Loss Reconciliation Template”: A report substantially in the form of, and
containing the information called for in, the downloadable form of the “Historical Bond/Collateral Realized Loss Reconciliation
Template” available and effective from time to time on the CREFC® Website.

 

“CREFC®
Historical Liquidation Loss Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Historical Liquidation Loss Template” available and effective from time to time
on the CREFC® Website.

 

“CREFC®
Historical Loan Modification/Forbearance and Corrected Mortgage Loan Report”: A report substantially in the form
of, and containing the information called for in, the downloadable form of the “Historical Loan Modification/Forbearance
and Corrected Mortgage Loan Report” available as of the Closing Date on the CREFC® Website, or such other
form for the presentation of such information and containing such additional information as may from time to time be recommended
by the CREFC® for commercial mortgage securities transactions generally and is reasonably acceptable to the Servicer
and the Special Servicer.

 

“CREFC®
Intellectual Property Royalty License Fee”: A fee, payable on a monthly basis, computed for the same period and
on the same interest accrual basis respecting which any related interest payment due or deemed due on the Trust Loan is computed
at the CREFC® Intellectual Property Royalty License Fee Rate (prorated for partial periods).

 

“CREFC®
Intellectual Property Royalty License Fee Rate”: With respect to the Trust Loan, a rate equal to 0.0005% per
annum.

 

“CREFC®
Interest Shortfall Reconciliation Template”: A report substantially in the form of, and containing the information
called for in, the downloadable form of the “Interest Shortfall Reconciliation Template” available and effective from
time to time on the CREFC® Website.

 

“CREFC®
License Agreement”: The License Agreement, in the form set forth on the website of CREFC® on the
Closing Date, relating to the use of the CREFC® trademarks and trade names.

 

“CREFC®
Loan Level Reserve/LOC Report”: The monthly report substantially in the form of, and containing the information
called for in, the downloadable form of the “Loan Level Reserve/LOC Report” available as of the Closing Date on the
CREFC® Website, or such other form for the presentation of such information and containing such additional information
as may from time to time be recommended by the CREFC® for commercial mortgage securities transactions generally
and is reasonably acceptable to the Servicer.

 

“CREFC®
Loan Liquidation Report”: A report substantially in the form of, and containing the information called for in,
the downloadable form of the “Loan Liquidation Report” available as of the Closing Date on the CREFC®
Website, or in such other form for the

 

    -20-

     

    

 

presentation of such information and containing such additional information as may from
time to time be recommended by the CREFC® for commercial mortgage securities transactions generally and is reasonably
acceptable to the Servicer and the Special Servicer.

 

“CREFC®
Loan Modification Report”: A report substantially in the form of, and containing the information called for in,
the downloadable form of the “Loan Modification Report” available and effective from time to time on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be recommended by the CREFC® for commercial mortgage securities transactions generally and
is reasonably acceptable to the Servicer and the Special Servicer.

 

“CREFC®
Loan Periodic Update File”: The monthly report substantially in the form of, and containing the information called
for in, the downloadable form of the “Loan Periodic Update File” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be recommended by the CREFC® for commercial mortgage securities transactions generally and is reasonably
acceptable to the Servicer, the Special Servicer and the Certificate Administrator.

 

“CREFC®
Loan Setup File”: The report substantially in the form of, and containing the information called for in, the downloadable
form of the “Loan Setup File” available as of the Closing Date on the CREFC® Website, or such other
form for the presentation of such information and containing such additional information as may from time to time be recommended
by the CREFC® for commercial mortgage securities transactions generally and is reasonably acceptable to the Servicer,
the Special Servicer and the Certificate Administrator.

 

“CREFC®
NOI Adjustment Worksheet”: A report substantially in the form of, and containing the information called for in,
the downloadable form of the “NOI Adjustment Worksheet” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from time
to time be recommended by the CREFC® for commercial mortgage securities transactions generally and is acceptable
to the Servicer or the Special Servicer, as applicable, and in any event, shall present the computations made in accordance with
the methodology described in such form to “normalize” the full year and year to date net operating income and debt
service coverage numbers used in the other reports required by this Agreement.

 

“CREFC®
Operating Statement Analysis Report”: A report prepared for the Property substantially in the form of, and containing
the information called for in, the downloadable form of the “Operating Statement Analysis Report” available as of
the Closing Date on the CREFC® Website or in such other form for the presentation of such information and containing
such additional information as may from time to time be recommended by the CREFC® for commercial mortgage securities
transactions generally and is reasonably acceptable to the Servicer.

 

“CREFC®
Property File”: A report substantially in the form of, and containing the information called for in, the downloadable
form of the “Property File” available as of the Closing Date on the CREFC® Website, or such other form
for the presentation of such

 

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information and containing such additional information as may from time to time be recommended by
the CREFC® for commercial mortgage securities transactions generally and is reasonably acceptable to the Servicer
and the Special Servicer.

 

“CREFC®
Reconciliation of Funds Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Reconciliation of Funds Template” available and effective from time to time
on the CREFC® Website, or such other form for the presentation of such information and containing such additional
information as may from time to time be recommended by the CREFC® for commercial mortgage securities transactions
generally.

 

“CREFC®
REO Liquidation Report”: A report substantially in the form of, and containing the information called for in,
the downloadable form of the “REO Liquidation Report” available as of the Closing Date on the CREFC®
Website, or in such other form for the presentation of such information and containing such additional information as may from
time to time be recommended by the CREFC® for commercial mortgage securities transactions generally and is reasonably
acceptable to the Servicer and the Special Servicer.

 

“CREFC®
REO Status Report”: A report substantially in the form of, and containing the information called for in, the downloadable
form of the “REO Status Report” available as of the Closing Date on the CREFC® Website, or in such
other form for the presentation of such information and containing such additional information as may from time to time be recommended
by the CREFC® for commercial mortgage securities transactions generally and is reasonably acceptable to the Servicer.

 

“CREFC®
Reports”: Collectively refers to the following reports as such may be amended, updated or supplemented from time
to time as part of the CREFC® “IRP” (Investor Reporting Package), and any additional reports that become
part of the CREFC® IRP from time to time (if agreed to by the parties hereto):

 

(i)          
the following seven electronic files: (i) CREFC® Bond Level File, (ii) CREFC® Collateral
Summary File, (iii) CREFC® Property File, (iv) CREFC® Loan Periodic Update File, (v) CREFC®
Loan Setup File, (vi) CREFC® Financial File, and (vii) CREFC® Special Servicer Loan
File;

 

(ii)          the following twenty-one supplemental reports and templates: (i) CREFC® Comparative Financial Status Report,
(ii) CREFC® Delinquent Loan Status Report, (iii) CREFC® Historical Loan Modification/Forbearance
and Corrected Mortgage Loan Report, (iv) CREFC® Operating Statement Analysis Report, (v) CREFC®
NOI Adjustment Worksheet, (vi) CREFC® REO Status Report, (vii) CREFC® Servicer Watch
List, (viii) CREFC® Loan Level Reserve/LOC Report, (ix) CREFC® Advance Recovery Report,
(x) CREFC® Total Loan Report, (xi) CREFC® Appraisal Reduction Template, (xii) CREFC®
Servicer Realized Loss Template, (xiii) CREFC® Reconciliation of Funds Template, (xiv) CREFC® Historical
Bond/Collateral Realized Loss Reconciliation Template, (xv) CREFC® Historical Liquidation Loss Template, (xvi)
CREFC® Interest Shortfall Reconciliation Template, (xvii) CREFC® Servicer Remittance to Certificate
Administrator Template, (xviii) CREFC® Significant Insurance Event Template, (xix)

 

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CREFC® Loan Liquidation
Report, (xx) CREFC® REO Liquidation Report and (xxi) CREFC® Loan Modification Report; and

 

(iii)         such other reports and data files as CREFC® may designate as part of the “CREFC® Investor
Reporting Package” from time to time.

 

“CREFC®
Servicer Realized Loss Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Servicer Realized Loss Template” available and effective from time to time on
the CREFC® Website.

 

“CREFC®
Servicer Remittance to Certificate Administrator Template”: A report substantially in the form of, and containing
the information called for in, the downloadable form of the “Servicer Remittance to Certificate Administrator Template”
available and effective from time to time on the CREFC® Website.

 

“CREFC®
Servicer Watch List”: For any Determination Date, a report substantially in the form of, and containing the information
called for in, the downloadable form of the “Servicer Watch List” available as of the Closing Date on the CREFC®
Website, or in such other final form for the presentation of such information and containing such additional information
as may from time to time be promulgated as recommended by the CREFC® for commercial mortgage securities transactions
generally and, insofar as it requires the presentation of information in addition to that called for by the form of the “Servicer
Watch List” available as of the Closing Date on the CREFC® Website, is reasonably acceptable to the Servicer.

 

“CREFC®
Significant Insurance Event Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Significant Insurance Event Template” available and effective from time to time
on the CREFC® Website.

 

“CREFC®
Special Servicer Loan File”: The monthly report substantially in the form of, and containing the information called
for in, the downloadable form of the “Special Servicer Loan File” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be recommended by the CREFC® for commercial mortgage securities transactions generally and is reasonably
acceptable to the Servicer and the Special Servicer.

 

“CREFC®
Total Loan Report”: A monthly report substantially in the form of, and containing the information called for in,
the downloadable form of the “Total Loan Report” available as of the Closing Date on the CREFC® Website,
or in such other form for the presentation of such information and containing such additional information as may from time to
time be adopted by the CREFC® for commercial mortgage-backed securities transactions and is reasonably acceptable
to the Servicer.

 

“CREFC®
Website”: CREFC®’s Internet website located at “www.crefc.org” or such other
primary Internet website as the CREFC® may establish for dissemination of its report forms.

 

“Current
Interest Distribution Amount”: With respect to any Distribution Date for (x) any Non-VRRC Certificate, interest accruing
during the related applicable Certificate

 

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Interest Accrual Period at the applicable Pass-Through Rate for such Certificate Interest
Accrual Period on the outstanding Certificate Balance of such Certificate as of the prior Distribution Date (after giving effect
to distributions of principal and allocations of Non-VRR ABS Interest Realized Losses on such prior Distribution Date) or, solely
in connection with the initial Distribution Date, as of the Closing Date, and (y) any Uncertificated Lower-Tier Interest, interest
accruing during the applicable Certificate Interest Accrual Period at the applicable Pass-Through Rate for such Certificate Interest
Accrual Period on the then-outstanding Lower-Tier Principal Amount of such Certificate as of the prior Distribution Date (after
giving effect to distributions of principal and allocations of Non-VRR ABS Interest Realized Losses on such prior Distribution
Date) or, solely in connection with the initial Distribution Date, as of the Closing Date.

 

“Custodian”:
The Certificate Administrator, in its capacity as the Custodian, performing its role through the document custody division of
the Certificate Administrator (including, or if any agents or affiliates, as applicable, utilized thereby) or if any successor
custodian is appointed as herein provided, such custodian.

 

“Cut-off
Date”: March 6, 2022.

 

“DBRS
Morningstar”: DBRS, Inc., and its successors-in-interest.

 

“Default
Interest”: With respect to any Payment Date, upon the occurrence and during the continuance of a Mortgage Loan Event
of Default, interest accrued on the Trust Loan or Mortgage Loan, as applicable, at the excess of the Default Rate over the applicable
Note Rate during the related Mortgage Loan Interest Accrual Period on the outstanding principal balance of such Note and, to the
extent permitted by law, all accrued and unpaid interest on the Trust Loan or Mortgage Loan, as applicable, any other amounts
then due and payable in respect of the Mortgage Loan, calculated from the date such payment was due without regard to any grace
or cure periods.

 

“Default
Rate”: As defined in the Mortgage Loan Agreement.

 

“Defect”:
As defined in the Trust Loan Purchase Agreement.

 

“Deficient
Exchange Act Deliverable”: With respect to the Servicer, the Special Servicer, the Certificate Administrator, the Trustee
and each Servicing Function Participant and Additional Servicer retained by it (other than a Sub-Servicer set forth on Exhibit
X), any item (x) regarding such party, (y) prepared by such party or any registered public accounting firm, attorney
or other agent retained by such party to prepare such information and (z) delivered by or on behalf of such party pursuant to
the delivery requirements under Article 13 of this Agreement that does not conform to the applicable reporting requirements under
the Act, the Exchange Act, the Sarbanes-Oxley Act and the rules and regulations promulgated thereunder.

 

“Definitive
Certificate”: Any Certificate in fully registered certificated form without interest coupons.

 

“Delivery
Date”: As defined in Section 2.1(b).

 

    -24-

     

    

 

“Depositor”:
Barclays Commercial Mortgage Securities LLC, a Delaware limited liability company, and its successors-in-interest.

 

“Depository”:
The Depository Trust Company or a successor appointed by the Certificate Registrar (which appointment shall be at the direction
of the Depositor if the Depositor is legally able to do so).

 

“Depository
Participant”: A Person for whom, from time to time, the Depository effects book-entry transfers and pledges of securities
deposited with the Depository.

 

“Determination
Date”: With respect to each Distribution Date, the sixth (6th) day of the calendar month in which such Distribution
Date occurs or, if such sixth (6th) day is not a Business Day, the immediately succeeding Business Day.

 

“Directing
Holder”: The Directing Holder shall be the Controlling Class Certificateholder (or its representative) as identified
to the Certificate Administrator as being selected by the Majority Controlling Class Certificateholders, as determined by the
Certificate Registrar from time to time. After the occurrence and during the continuance of a Control Termination Event, the Directing
Holder shall only retain its consultation rights to the extent specifically provided for in this Agreement. After the occurrence
of a Consultation Termination Event, there shall be no Directing Holder and no party will be entitled to exercise any of the rights
of the Directing Holder. As of the Closing Date, the Directing Holder is Prima Capital Advisors LLC. A Borrower Related Party
may not be appointed as or act as a Directing Holder.

 

“Directing
Holder Asset Status Report Approval Process”: As defined in Section 3.10(j).

 

“Directly
Operate”: With respect to the Foreclosed Property, the furnishing or rendering of services to the tenants thereof, that
are not customarily provided to tenants in connection with the rental of space “for occupancy only” within the meaning
of Treasury Regulations Section 1.512(b)-1(c)(5), the management or operation of the Foreclosed Property, the holding of
the Foreclosed Property primarily for sale to customers, the use of the Foreclosed Property in a trade or business conducted by
the Trust Fund or the performance of any construction work on the Foreclosed Property other than through an Independent Contractor;
provided, however, that the Foreclosed Property shall not be considered to be Directly Operated solely because the
Trustee (or the Special Servicer on behalf of the Trustee) establishes rental terms, chooses tenants, enters into or renews leases,
deals with taxes and insurance or makes decisions as to repairs or capital expenditures with respect to the Foreclosed Property
or takes other actions consistent with Treasury Regulations Section 1.856-4(b)(5)(ii).

 

“Disclosable
Special Servicer Fees”: With respect to the Mortgage Loan or Foreclosed Property, any compensation and other remuneration
(including, without limitation, in the form of commissions, brokerage fees, or rebates, or as a result of any other fee-sharing
arrangement) received or retained by the Special Servicer or any of its Affiliates that is paid by any Person (including, without
limitation, the Trust, the Borrower, the Manager, any guarantor or indemnitor or any other Borrower Related Party in respect of
the Mortgage Loan or any of their Affiliates and any purchaser of the Mortgage Loan or a Foreclosed Property) in connection with

 

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the disposition, workout or foreclosure of the Mortgage Loan, the management or disposition of the Foreclosed Property, and the
performance by the Special Servicer or any such Affiliate of any other special servicing duties under this Agreement, other than
(1) any Permitted Special Servicer/Affiliate Fees and (2) any compensation to which the Special Servicer is entitled
pursuant to Section 3.17 of this Agreement; provided, that any compensation and other remuneration that the
Servicer or Certificate Administrator is permitted to receive or retain pursuant to this Agreement in connection with its duties
in such capacity will not be Disclosable Special Servicer Fees.

 

“Disclosure
Parties”: As defined in Section 8.14(c).

 

“Discount
Rate”: With respect to any payment of a Yield Maintenance Premium: (a) if a discount rate was used in the calculation
of the Yield Maintenance Premium pursuant to the terms of the Mortgage Loan, that discount rate, converted (if necessary) to a
monthly equivalent yield, or (b) if a discount rate was not used in the calculation of the applicable Yield Maintenance Premium
pursuant to the terms of the Mortgage Loan, the yield calculated by the linear interpolation of the yields, as reported in Federal
Reserve Statistical Release H.15 (519)—Selected Interest Rates under the heading “U.S. government securities/treasury
constant maturities” for the week ending prior to the date of the relevant prepayment (or deemed prepayment), of U.S. Treasury
constant maturities with a maturity date, one longer and one shorter, most nearly approximating the Maturity Date, such interpolated
treasury yield converted to a monthly equivalent yield; provided, however, that in the event that the Federal Reserve
Statistical Release H.15 is no longer published, the master servicer shall select a comparable publication as the source of the
applicable yields of U.S. Treasury constant maturities.

 

“Disqualified
Non-U.S. Person”: With respect to a Class R Certificate, any Non-U.S. Person or agent thereof other than (i) a
Non-U.S. Person that holds such Class R Certificate in connection with the conduct of a trade or business within the United
States and has furnished the transferor and the Certificate Administrator with an effective IRS Form W-8ECI or other prescribed
form or (ii) a Non-U.S. Person that has delivered to both the transferor and the Certificate Administrator an Opinion of
Counsel of a nationally recognized tax counsel to the effect that the transfer of such Class R Certificate to it is in accordance
with the requirements of the Code and the regulations promulgated thereunder and that such transfer of such Class R Certificate
will not be disregarded for federal income tax purposes under Treasury Regulations Section 1.860G-3.

 

“Disqualified
Organization”: Either (a) the United States, a State, or any agency or instrumentality of any of the foregoing
(other than an instrumentality that is a corporation if all of its activities are subject to tax and, except for the FHLMC, a
majority of its board of directors is not selected by any such governmental unit), (b) a foreign government, International
Organization or agency or instrumentality of either of the foregoing, (c) an organization that is exempt from tax imposed
by chapter 1 of the Code (including the tax imposed by Code Section 511 on unrelated business taxable income) on any excess
inclusions (as defined in Section 860E(c)(1)) of the Code with respect to the Class R Certificates (except certain farmers’
cooperatives described in Section 521 of the Code), (d) rural electric and telephone cooperatives described in Section 1381(a)(2)
of the Code or (e) any other Person so designated by the Certificate Administrator based upon an Opinion of Counsel to the
effect that any transfer of a

 

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Class R Certificate to such Person may cause either the Upper-Tier REMIC or the Lower-Tier
REMIC to fail to qualify as a REMIC at any time that the Certificates are outstanding. The terms “United States,”
“State” and “International Organization” have the meanings set forth in Section 7701 of the Code
or successor provisions.

 

“Distribution
Account”: As defined in Section 3.5(a).

 

“Distribution
Date”: The 12th day of each month, or if such 12th day is not a Business Day, the next succeeding Business Day, commencing
in April 2022; provided that in no case shall the Distribution Date be less than four Business Days from the related Determination
Date.

 

“Distribution
Date Statement”: As defined in Section 4.4(a).

 

“Due
Diligence Service Provider”: As defined in Section 8.14(b).

 

“Eligible
Account”: A separate and identifiable account from all other funds held by the holding institution that is either (a)
an account or accounts maintained with a federal or state-chartered depository institution or trust company that complies with
the definition of Eligible Institution, (b) a segregated trust account or accounts maintained with a federal or state chartered
depository institution or trust company acting in its fiduciary capacity, the long term unsecured debt obligations of which are
rated at least “BBB(high)” by DBRS Morningstar (or, if not rated by DBRS Morningstar, an equivalent (or higher) rating
by any two (2) other NRSROs), which, in the case of a state chartered depository institution or trust company, is subject to regulations
substantially similar to 12 C.F.R. §9.10(b), having in either case a combined capital and surplus of at least $50,000,000
and subject to supervision or examination by federal or state authority, as applicable or (c) such other account or accounts not
listed in clauses (a) or (b) above with respect to which a Rating Agency Confirmation has been obtained from each Rating Agency.
An Eligible Account will not be evidenced by a certificate of deposit, passbook or other instrument. If the holding institution
for an account ceases to meet the requirements of this definition for an “Eligible Account”, then the party responsible
for administering such account hereunder shall move such account to a holding institution meeting such requirements within 30
days.

 

“Eligible
Institution”: (a) A depository institution or trust company insured by the Federal Deposit Insurance Corporation, the
long-term unsecured debt obligations or deposits of which are rated at least if rated by DBRS Morningstar, “A” (or
if not rated by DBRS Morningstar, an equivalent (or higher) rating such as that listed above by at least two NRSROs), and the
short-term debt obligations or deposits of which have a short-term rating of not less than if rated by DBRS Morningstar, “R-1
(low)” (or, if not rated by DBRS Morningstar, an equivalent (or higher) rating such as that listed above by at least two
NRSROs), (b) KeyBank, so long that (i) KeyBank’s long term deposit accounts or long term unsecured debt rating is at least
“BBB” by S&P and, if rated by DBRS Morningstar, “BBB (high)” by DBRS Morningstar (or, if not rated
by DBRS Morningstar, at least an

 

    -27-

     

    

 

equivalent rating by two other NRSROs (which may include S&P)) (if the deposits are to be
held in the account for more than 30 days) or (ii) KeyBank’s short term deposit accounts or short term unsecured debt rating
is at least “A-2” by S&P and “R-1 (low)” by DBRS Morningstar (or, if not rated by DBRS Morningstar,
at least an equivalent rating by two other NRSROs (one of which may include S&P)) and Wells Fargo Bank, National Association,
so long as Wells Fargo Bank, National Association’s long-term unsecured debt or deposit rating shall be at least, if rated
by DBRS Morningstar, “BBB(high)” (or, if not rated by DBRS Morningstar, an equivalent (or higher) rating such as that
listed above by at least two NRSROs), or Wells Fargo Bank, National Association’s short-term deposit or short-term unsecured
debt rating shall be at least “R-1(low)” by DBRS Morningstar (if then rated by DBRS Morningstar, or if not rated by
DBRS Morningstar, an equivalent or (higher) rating such as that listed above by at least two NRSROs), or (c) an account maintained
with any other insured depository institution that is the subject of a Rating Agency Confirmation, from the Rating Agency for
which the minimum rating is not met, with respect to any account listed in the clauses above, or from such Rating Agency, with
respect to any account other than one listed in the clauses above.

 

“Environmental
Indemnity”: As defined in the Mortgage Loan Agreement.

 

“ERISA”:
The Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated thereunder.

 

“ERISA
Plan”: As defined in Section 5.3(s).

 

“Euroclear”:
As defined in Section 5.2(a).

 

“Excess
Interest”: As the term “Accrued Interest” is defined in the Loan Agreement.

 

“Exchange
Act”: The Securities Exchange Act of 1934, as amended from time to time.

 

“Excess
Interest Distribution Account”: As defined in Section 3.4(f).

 

“Excess
Servicing Fee Right”: With respect to the Mortgage Loan (and any successor Foreclosed Property with respect thereto),
the right to receive Excess Servicing Fees. In the absence of any transfer of the Excess Servicing Fee Right, the Servicer shall
be the owner of such Excess Servicing Fee Right.

 

“Excess
Servicing Fees”: With respect to the Mortgage Loan (and any successor Foreclosed Property with respect thereto), that
portion of the Servicing Fees that accrue at a per annum rate equal to 0.012%.

 

“Extended
Period”: As defined in Section 12.2(b).

 

“Extended
Resolution Period”: As defined in Section 2.9(a).

 

“Extension”:
As defined in Section 12.2(b).

 

“FHLMC”:
The Federal Home Loan Mortgage Corporation and its successors-in-interest.

 

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“Fiduciary”:
As defined in Section 5.3(s).

 

“Final
Asset Status Report”: With respect to the Specially Serviced Mortgage Loan, the initial Asset Status Report (together
with such other data or supporting information provided by the Special Servicer to the Directing Holder, that does not include
any communication (other than the related Asset Status Report) between the Special Servicer and Directing Holder with respect
to such Specially Serviced Mortgage Loan) required to be delivered by the Special Servicer by the Initial Delivery Date and any
Subsequent Asset Status Report, in each case, in the form fully approved or deemed approved, if applicable, by the Directing Holder
pursuant to the Directing Holder Asset Status Report Approval Process. For the avoidance of doubt, the Special Servicer may issue
more than one Final Asset Status Report with respect to the Specially Serviced Mortgage Loan in accordance with the procedures
described above. Each Final Asset Status Report will be labeled or otherwise identified or communicated as being final.

 

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

 

“FNMA”:
The Federal National Mortgage Association and its successors-in-interest.

 

“Foreclosed
Companion Loan”: Each Companion Loan while the Property is a Foreclosed Property.

 

“Foreclosed
Property”: The Property or other Collateral securing the Mortgage Loan, title to which has been acquired on behalf of
or in the name of the Trustee on behalf of the Trust and Companion Loan Holders through foreclosure, deed-in-lieu of foreclosure
or otherwise.

 

“Foreclosed
Property Account”: The account or accounts established and maintained by the Special Servicer pursuant to Sections 3.6
and 3.14.

 

“Foreclosure
Proceeds”: Proceeds, net of any related expenses of the Servicer, Special Servicer, the Certificate Administrator and/or
the Trustee, received in respect of the Foreclosed Property (including, without limitation, proceeds from the operation or rental
of the Foreclosed Property) prior to the final liquidation of the Foreclosed Property.

 

“Form
8-K Disclosure”: The information described in the Form 8-K items set forth under the “Item on Form 8-K”
column on Exhibit W hereto.

 

“Global
Certificate”: As defined in Section 5.2(b).

 

“Grantor
Trust”: A segregated asset pool within the Trust Fund treated as a “grantor trust” under subpart E, part
I of subchapter J of the Code, consisting of the assets described in the Introductory Statement hereto.

 

“Independent”:
When used with respect to any specified Person, such a Person who (i) does not have any direct financial interest or any
material indirect financial interest in the Depositor, the Borrower Related Parties, any Companion Loan Holder, the Trustee, any
Risk

 

    -29-

     

    

 

Retention Consultation Party, the Certificate Administrator, the Servicer or the Special Servicer or in any of their respective
Affiliates and (ii) is not connected with the Depositor, the Borrower Related Parties, any Companion Loan Holder, the Trustee,
any Risk Retention Consultation Party, the Certificate Administrator, the Servicer or the Special Servicer or any of their respective
Affiliates as an officer, employee, promoter, underwriter, trustee, partner, director or Person performing similar functions.

 

“Independent
Appraiser”: An Independent professional real estate appraiser who (i) is a member in good standing of the Appraisal
Institute, (ii) if the state in which the Property or Foreclosed Property are located certifies or licenses appraisers, is
certified or licensed in such state, and (iii) has a minimum of five (5) years’ experience in the appraisal of
comparable properties in the geographic area in which the Property is located.

 

“Independent
Contractor”: Either (i) any Person (other than the Special Servicer or Servicer) that would be an “independent
contractor” with respect to the Lower-Tier REMIC or the Upper-Tier REMIC within the meaning of Section 856(d)(3) of
the Code if such Trust REMIC were a real estate investment trust (except that the ownership test set forth in that Section of
the Code shall be considered to be met by any Person that owns, directly or indirectly, 35% or more of any Class of Certificates
or 35% or more of the aggregate value of all Classes of Certificates or such other interest in the Certificates as is set forth
in an Opinion of Counsel, which shall, at no expense to the Trustee, the Certificate Administrator, the Special Servicer, the
Servicer or the Trust Fund, be delivered to the Trustee, the Certificate Administrator, the Special Servicer or the Servicer on
behalf of the Trustee); provided that neither the Lower-Tier REMIC nor the Upper-Tier REMIC receives or derives any income
from such Person and the relationship between such Person and such Trust REMIC is at arm’s length, all within the meaning
of Treasury Regulations Section 1.856-4(b)(5), or (ii) any other Person (including the Special Servicer or the Servicer)
if the Trustee and the Certificate Administrator (or the Servicer or the Special Servicer on behalf of the Trustee) has received
an Opinion of Counsel which shall, at no expense to the Trustee, the Certificate Administrator, the Special Servicer, the Servicer
(unless the Special Servicer or the Servicer is providing the Opinion of Counsel with respect to itself) or the Trust Fund, be
to the effect that the taking of any action in respect of the Foreclosed Property by such Person, subject to any conditions therein
specified, that is otherwise herein contemplated to be taken by an Independent Contractor will not cause the Foreclosed Property
to cease to qualify as “foreclosure property” within the meaning of Section 860G(a)(8) of the Code (determined
without regard to the exception applicable for purposes of Section 860D(a) of the Code), or cause any income realized in
respect of the Foreclosed Property to fail to qualify as Rents from Real Property.

 

“Initial
Delivery Date”: As defined in Section 3.10(i).

 

“Initial
Purchasers”: Barclays Capital and BMO Capital.

 

“Initial
Resolution Period”: As defined in Section 2.9(a).

 

“Inquiry”:
As defined in Section 4.5(a)(i).

 

    -30-

     

    

 

“Institutional
Accredited Investor”: An institution that is an “accredited investor” within the meaning of Rule 501(a)
(1), (2), (3) or (7) of Regulation D under the Act, or any entity all of the equity owners of which are such institutions.

 

“Insurance
Proceeds”: (a) The portion of Net Proceeds paid as a result of a Casualty (as defined in the Mortgage Loan Agreement)
other than amounts to be applied to the restoration, preservation or repair of the Property or to be released to the Borrower
each in accordance with the terms of the Mortgage Loan Agreement, or if not required to be so applied or so released under the
terms of the Mortgage Loan Agreement, other than amounts applied to the restoration, preservation or repair of the Property in
accordance with Accepted Servicing Practices, (b) amounts paid by any insurer pursuant to any insurance policy required to
be maintained by the Servicer pursuant to Section 3.11, to the extent related to this Agreement only or (c) any other
amounts paid by an insurer pursuant to any insurance policy required to be maintained by the Borrower, to the extent allocable
to the Mortgage Loan under the Mortgage Loan Documents.

 

“Interest
Distribution Amount”: With respect to any Distribution Date for any Class of Non-VRRC Certificates or Uncertificated
Lower-Tier Interest (other than the Class LVRRC and LVRRI Uncertificated Interests), the sum of the Current Interest Distribution
Amount for such Distribution Date and such Class of Certificates or Uncertificated Lower-Tier Interest plus the aggregate unpaid
Interest Shortfalls in respect of prior Distribution Dates for such Class of Certificates or Uncertificated Lower-Tier Interest.

 

“Interest
Rate”: As “Initial Interest Rate” is defined in the Mortgage Loan Agreement.

 

“Interest
Reserve Account”: As defined in Section 3.4(e).

 

“Interest
Shortfall”: With respect to any Distribution Date for any Class of Non-VRRC Certificates or Uncertificated Lower-Tier
Interest, the amount by which the Current Interest Distribution Amount for such Class of Certificates or Uncertificated Lower-Tier
Interest and such Distribution Date exceeds the portion of such amount actually paid in respect of such Class of Certificates
or Uncertificated Lower-Tier Interest on such Distribution Date.

 

“Interested
Person”: As defined in Section 3.16(a)(ii).

 

“Investment”:
Any direct or indirect ownership interest in any security, note or other financial instrument issued or executed by the Borrower,
or any Affiliate of the Borrower, a loan directly or indirectly secured by any of the foregoing or a hedging transaction (however
structured) that references or relates to any of the foregoing.

 

“Investment
Account”: As defined in Section 3.8(a).

 

“Investment
Decisions”: Investment, trading, lending or other financial decisions, strategies or recommendations with respect to
Investments, whether on behalf of the Servicer or any Affiliate thereof, the Special Servicer or any Affiliate thereof, the Certificate
Administrator or any Affiliate thereof, as applicable, or any Person on whose behalf the Servicer or any

 

    -31-

     

    

 

Affiliate thereof or
the Special Servicer or any Affiliate thereof has discretion in connection with Investments.

 

“Investment
Representation Letter”: A letter substantially in the form attached hereto as Exhibit P.

 

“Investor
Certification”: A certificate representing that such Person executing the certificate is a Certificateholder, a Beneficial
Owner of a Certificate, a VRR ABS Interest Owner, the Directing Holder, a Risk Retention Consultation Party, a Companion Loan
Holder, a prospective purchaser of a Certificate, any Trust Loan Seller if it has repurchased a portion of the Trust Loan in accordance
with this Agreement and the Trust Loan Purchase Agreement and that either (a) such Person is a Risk Retention Consultation
Party or is not a Borrower Related Parties, a Manager, or an agent or Affiliate of any of the foregoing, in which case such Person
shall have access to all the reports and information made available to Privileged Persons hereunder, or (b) such Person is
a Borrower Related Party, a Manager, or an agent or Affiliate of the foregoing, in which case such Person shall only be permitted
to receive access to the Distribution Date Statements prepared by the Certificate Administrator. The Investor Certification shall
be substantially in the form of Exhibit K-1 or Exhibit K-2 hereto, as applicable, or may be in the form
of an electronic certification contained on the Certificate Administrator’s Website containing the same information as Exhibit K-1
or Exhibit K-2, as applicable. Investor Certifications may be submitted electronically via the Certificate Administrator’s
Website. The Certificate Administrator may require that Investor Certifications be resubmitted from time to time in accordance
with its policies and procedures.

 

“Investor
Q&A Forum”: As defined in Section 4.5(a).

 

“Investor
Registry”: As defined in Section 4.5(b).

 

“IRS”:
The Internal Revenue Service.

 

“KeyBank”:
KeyBank National Association, a national banking association, and its successors in interest.

 

“Leases”:
With respect to the Property, a “Lease” as defined in the Mortgage Loan Agreement.

 

“Lenders”:
As defined in the Mortgage Loan Agreement.

 

“Liquidated
Property”: The Property, if it has been liquidated and the Special Servicer has determined that all amounts which it
expects to recover from or on account of such Property have been recovered.

 

“Liquidation
Expenses”: Reasonable and customary expenses (other than expenses covered by any insurance policy) incurred by the Servicer,
the Special Servicer, the Certificate Administrator or the Trustee in connection with the liquidation of the Mortgage Loan or
the Property (including for the avoidance of doubt, reasonable and customary expenses incurred by the Servicer, the Special Servicer,
the Certificate Administrator or the Trustee in connection with the sale of the Mortgage Loan), such expenses including, without
limitation,

 

    -32-

     

    

 

legal fees and expenses, appraisal fees, brokerage fees and commissions, conveyance taxes and trustee and co-trustee
fees, if any. Liquidation Expenses shall not include any previously incurred expenses which have been previously reimbursed to
the party incurring the same or which were netted against income from the Foreclosed Property and were considered in the calculation
of the amount of Foreclosure Proceeds pursuant to the definition thereof.

 

“Liquidation
Fee”: A fee payable to the Special Servicer with respect to the Liquidated Property or the liquidation of the Specially
Serviced Mortgage Loan, whether through judicial foreclosure, sale or otherwise, or in connection with the sale, discounted payoff
or other liquidation of the Specially Serviced Mortgage Loan or the Liquidated Property, as to which the Special Servicer receives
any Liquidation Proceeds, equal to the product of the Liquidation Fee Rate and the Net Liquidation Proceeds related to such Liquidated
Property or Specially Serviced Mortgage Loan; provided that any such Liquidation Fee shall be reduced by any Net Modification
Fees paid by the Borrower with respect to the Specially Serviced Mortgage Loan that were received and retained by the Special
Servicer within the prior 12 months, but only to the extent those Net Modification Fees have not previously been deducted from
a Work-out Fee or Liquidation Fee; provided, further, that the Special Servicer shall not be entitled to receive
a Liquidation Fee in connection with (i) the repurchase of all or any allocable portion of the Trust Loan by the Trust Loan
Sellers (or the applicable Trust Loan Seller) pursuant to the Trust Loan Purchase Agreement (so long as such repurchase occurs
within the Initial Resolution Period or any Extended Resolution Period) or (ii) a sale of all or any portion of the Mortgage
Loan by the Special Servicer to the Servicer or Special Servicer or any Affiliate of the foregoing in accordance with Section 3.16.

 

“Liquidation
Fee Rate”: A rate equal to 0.50%.

 

“Liquidation
Proceeds”: Amounts (other than Insurance Proceeds and Condemnation Proceeds) received by the Special Servicer and/or
the Certificate Administrator in connection with the liquidation of the Specially Serviced Mortgage Loan, the Trust Loan, any
Companion Loan, any Note or any Liquidated Property, whether through judicial foreclosure, sale or otherwise, or in connection
with the sale, discounted payoff or other liquidation of the Specially Serviced Mortgage Loan, the Trust Loan, any Companion Loan
or any Note (other than amounts required to be paid to the Borrower pursuant to law or the terms of the Mortgage Loan Agreement)
including the proceeds of any full, partial or discounted payoff of the Specially Serviced Mortgage Loan, the Trust Loan, any
Companion Loan or any Note (exclusive of any portion of such payoff or proceeds that represents Default Interest).

 

“London
Business Day”: Any day other than a Saturday, Sunday or any other day on which commercial banks in London, England are
not open for business.

 

“Lower-Tier
Distribution Account”: A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Lower-Tier
REMIC.

 

“Lower-Tier
Distribution Amount”: As defined in Section 4.1(b).

 

“Lower-Tier
Principal Amount”: With respect to any Class of Uncertificated Lower-Tier Interests, (i) on or prior to the
first Distribution Date, an amount equal to the Original

 

    -33-

     

    

 

Lower-Tier Principal Amount of such Class as specified in the Introductory
Statement to this Agreement, and (ii) as of any date of determination after the first Distribution Date an amount equal
to the Certificate Balance of the Class of Related Certificates on the preceding Distribution Date (after giving effect to
distribution of principal and allocation of Realized Losses pursuant to Sections 4.1(b) and 4.3).

 

“Lower-Tier
REMIC”: One of two separate REMICs comprising the Trust Fund, the assets of which consist of all of the assets of the
Trust Fund other than the assets of the Upper-Tier REMIC and the Grantor Trust.

 

“LVRRI
Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier REMIC
and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.

 

“MAI
Standards”: Standards of Professional Appraisal Practice established for Members of the Appraisal Institute.

 

“Major
Decision”: Any of the following:

 

(i)       any proposed or actual foreclosure upon or comparable conversion (which may include acquisitions of a Foreclosed Property) of
the ownership of the Property;

 

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

 

(iii)    
any sale of the defaulted Mortgage Loan or the Foreclosed Property for less than the applicable Mortgage Loan Purchase Price;

 

(iv)    
any determination to bring the Property or the Foreclosed Property into compliance with applicable environmental laws or to otherwise
address hazardous material located at the Foreclosed Property;

 

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

 

(vi)    
any waiver of a “due-on-sale” or “due-on-encumbrance” clause with respect to the Mortgage Loan or any
consent to such a waiver or consent to a transfer of the Property or interests in the Borrower other than for which there is no
material lender discretion;

 

    -34-

     

    

 

(vii)   
any incurrence of additional debt (including any PACE Debt) by the Borrower or any additional mezzanine financing (or issuance
of preferred equity that is substantially equivalent to a mezzanine loan) by any beneficial owner of the Borrower other than pursuant
to the specific terms of the Mortgage Loan and for which there is no material lender discretion;

 

(viii)  
any changes to a Manager or franchisor with respect to the Mortgage Loan for which the lender is required to consent or approve
under the Mortgage Loan Documents;

 

(ix)     
releases of any 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 Mortgage Loan and for which there is no material lender discretion;

 

(x)      
any acceptance of an assumption agreement or any other agreement releasing the Borrower or other obligor from liability under
the Mortgage Loan or the Mortgage Loan Documents other than pursuant to the specific terms of the Mortgage Loan and for which
there is no material lender discretion;

 

(xi)     
any determination of an Acceptable Insurance Default;

 

(xii)    
any material modification, waiver or amendment of the Co-Lender Agreement, or any action to enforce rights (or decision not to
enforce rights) with respect to such agreement, other than splitting the related Notes in accordance with the Co-Lender Agreement;
and

 

(xiii)  
(i) any material modification, waiver or amendment of the Intercreditor Agreement, co-lender agreement, participation agreement
or similar agreement with any mezzanine lender or subordinate debt holder (or holder of preferred equity that is substantially
equivalent to a mezzanine loan) related to the Mortgage Loan, or any material modification, waiver or amendment of such agreements
and/or (ii) the exercise of rights and powers granted under a mezzanine intercreditor agreement, co-lender agreement, participation
agreement or similar agreement to the Lenders to the extent such rights or powers affect the priority of payment, consent rights
or security interest with respect to the Mortgage Loan, to the extent the Controlling Class Certificateholder, the Directing Holder
or any affiliate of the foregoing does not own any interest (whether legally, beneficially or otherwise) in such mezzanine loan;
provided that any amendment to split or reallocate the balance of Notes pursuant to the terms of the related agreement
shall not constitute a Major Decision;

 

“Majority
Controlling Class Certificateholders”: With respect to the Controlling Class, the Holder(s) of Certificates representing
more than fifty percent (50%) of such Controlling Class, by Certificate Balance, as determined by the Certificate Registrar.

 

“Majority
Owned Affiliate”: As defined in the Credit Risk Retention Rule.

 

    -35-

     

    

 

“Management
Agreement”: As defined in the Mortgage Loan Agreement.

 

“Manager”:
As defined in the Mortgage Loan Agreement.

 

“Material
Breach”: As defined in the Trust Loan Purchase Agreement.

 

“Material
Document Defect”: As defined in the Trust Loan Purchase Agreement.

 

“Maturity
Date”: The Scheduled Maturity Date or such other date on which the outstanding principal balance of the Mortgage Loan
becomes due and payable, whether by declaration of acceleration, or otherwise.

 

“Modification
Fees”: With respect to the Mortgage Loan, any and all fees with respect to a modification, extension, waiver or amendment
that modifies, extends, amends or waives any term of the Mortgage Loan Documents (as evidenced by a signed writing) agreed to
by the Servicer or the Special Servicer (other than all Assumption Fees, loan service transaction fees, Assumption Application
Fees, defeasance fees, consent fees, Special Servicing Fees, Liquidation Fees or Work-out Fees).

 

“Monthly
Payment”: With respect to the Trust Loan or the Mortgage Loan and any Distribution Date, the scheduled payment of interest
on the Trust Loan or the Mortgage Loan, respectively, in each case which is due and payable on the immediately preceding Payment
Date.

 

“Monthly
Payment Advance”: Any advance made with respect to the Trust Loan by the Servicer or the Trustee pursuant to Section 3.23(a)
or, if not made by the Servicer, made by the Trustee pursuant to Section 7.6, as applicable. Each reference to
the reimbursement or payment of a Monthly Payment Advance shall be deemed to include, whether or not specifically referred to,
payment or reimbursement of interest thereon at the Advance Rate through the date preceding the date of payment or reimbursement.

 

“Moody’s”:
Moody’s Investors Service, Inc., and its successors-in-interest.

 

“Mortgage”:
As defined in the Mortgage Loan Agreement.

 

“Mortgage
File”: As defined in Section 2.1(b) and any additional documents required to be added to the Mortgage File
pursuant to this Agreement.

 

“Mortgage
Loan”: As defined in the Introductory Statement to this Agreement.

 

“Mortgage
Loan Agreement”: As defined in the Introductory Statement.

 

“Mortgage
Loan Documents”: All documents executed or delivered by the Borrower (or its Affiliates) evidencing or securing the
Mortgage Loan and any amendment thereof or thereafter or subsequently added to the Mortgage File, including without limitation
the Mortgage Loan Agreement. For the avoidance of doubt, the Mortgage Loan Documents shall not include the Securitization Indemnification
Agreement, and the rights of the Trust Loan Sellers

 

    -36-

     

    

 

and other parties to the Securitization Indemnification Agreement thereunder
will not be part of the Trust Fund.

 

“Mortgage
Loan Event of Default”: An “Event of Default” as defined in the Mortgage Loan Agreement.

 

“Mortgage
Loan Interest Accrual Period”: With respect to any Payment Date and each Note, the period commencing on and including
the 11th day of the calendar month immediately preceding the month in which such Payment Date occurs to and ending
on and including the 10th day of the calendar month of such Payment Date.

 

“Mortgage
Loan Purchase Price”: With respect to the Mortgage Loan or Foreclosed Property, an amount (without duplication) equal
to the sum of (i) the unpaid principal balance of the Mortgage Loan, (ii) accrued and unpaid interest on each Note at the related
Note Rate through and including the last day of the related Mortgage Loan Interest Accrual Period in which the repurchase is to
occur, (iii) unreimbursed Property Protection Advances and Administrative Advances and fees and amounts owed to the Servicer,
the Special Servicer, the Certificate Administrator and the Trustee together with interest on Advances, (iv) an amount equal to
the sum of (A) all interest on outstanding Monthly Payment Advances and (B) all interest on and all unreimbursed Companion
Loan Advances and (v) any unpaid Trust Fund Expenses and any amounts owed to the parties to this Agreement or any Other Pooling
and Servicing Agreement with respect to the related Companion Loan.

 

“Net
Foreclosure Proceeds”: With respect to the Foreclosed Property, the Foreclosure Proceeds with respect to such Foreclosed
Property net of any insurance premiums, taxes, assessments, ground rents and other costs permitted to be paid therefrom pursuant
to Section 3.14(c).

 

“Net
Liquidation Proceeds”: The excess of Liquidation Proceeds received with respect to the Property or the Mortgage Loan
over the amount of Liquidation Expenses incurred with respect thereto.

 

“Net
Modification Fees”: With respect to the Mortgage Loan, the sum of (A) the remainder, if any, of (i) any and
all Modification Fees with respect to a modification, waiver, extension or amendment of any of the terms of the Mortgage Loan,
minus (ii) all unpaid or unreimbursed additional expenses (including, without limitation, reimbursement of Advances and interest
on such Advances at the Advance Rate to the extent not otherwise paid or reimbursed by the Borrower but excluding Special Servicing
Fees, Work-out Fees and Liquidation Fees) either outstanding or previously incurred on behalf of the Trust or the Other Securitization
Trust with respect to the Mortgage Loan and reimbursed from such Modification Fees and (B) expenses previously paid or reimbursed
from Modification Fees as described in the preceding clause (A), which expenses have been subsequently recovered from
the Borrower or otherwise.

 

“Net
Proceeds”: As defined in the Mortgage Loan Agreement.

 

“Net
Trust Note Rate”: With respect to any Trust Note and any Distribution Date, the annualized rate at which interest would
have to accrue in respect of such Trust Note on the

 

    -37-

     

    

 

basis of a 360-day year consisting of twelve 30-day months in order to produce
the aggregate amount of interest (net of interest at the Servicing Fee Rate applicable to the Trust Loan, the Certificate Administrator
Fee Rate (including the portion that is the Trustee Fee) and the CREFC® Intellectual Property Royalty License Fee
Rate and exclusive of any rate at which Default Interest accrues on such Trust Note) actually accrued on such Trust Note during
the related Mortgage Loan Interest Accrual Period; provided, however, that for purposes of calculating Pass-Through
Rates, each Net Trust Note Rate shall be determined without regard to any modification, waiver or amendment of the terms of the
Trust Loan, whether agreed to by the Servicer, the Special Servicer or resulting from a bankruptcy, insolvency or similar proceeding
involving the Borrower, or otherwise; provided, further, however, that (i) the Net Trust Note Rate for
the Mortgage Loan Interest Accrual Period preceding the Payment Dates in (a) January and February in each year that is not a leap
year or (b) in February only in each year that is a leap year (in the case of either (a) or (b), unless the related
Distribution Date is the final Distribution Date), shall be the annualized rate at which interest would have to accrue in respect
of such Trust Note on the basis of a 360-day year consisting of twelve 30-day months in order to produce the aggregate amount
of interest (net of interest at the Servicing Fee Rate applicable to the Trust Loan, the Certificate Administrator Fee Rate (including
the portion that is the Trustee Fee) and the CREFC® Intellectual Property Royalty License Fee Rate and exclusive
of any rate at which Default Interest accrues on such Trust Note) actually accrued on such Trust Note during such Mortgage Loan
Interest Accrual Period, minus the applicable Withheld Amounts and (ii) the Net Trust Note Rate for the Mortgage Loan Interest
Accrual Period preceding the Payment Date in March (or February, if the related Distribution Date is the final Distribution Date),
shall be the annualized rate at which interest would have to accrue in respect of such Trust Note on the basis of a 360-day year
consisting of twelve 30-day months in order to produce the aggregate amount of interest (net of interest at the Servicing Fee
Rate applicable to the Trust Loan, the Certificate Administrator Fee Rate (including the portion that is the Trustee Fee) and
the CREFC® Intellectual Property Royalty License Fee Rate and exclusive of any rate at which Default Interest accrues
on such Trust Note) actually accrued on such Trust Note during the related Mortgage Loan Interest Accrual Period; provided,
further, that the Net Trust Note Rate for the Mortgage Loan Interest Accrual Period preceding the Payment Date in April
2022 shall be the annualized rate at which interest would have to accrue on the basis of a 360-day year consisting of twelve 30-day
months in order to produce the aggregate amount of interest (net of interest at the Servicing Fee Rate applicable to the Trust
Loan, the Certificate Administrator Fee Rate (including the portion that is the Trustee Fee) and the CREFC® Intellectual
Property Royalty License Fee Rate and exclusive of any rate at which Default Interest accrues on such Trust Note) actually accrued
on such Trust Note during such Mortgage Loan Interest Accrual Period.

 

“New
Lease”: Any lease with respect to the Foreclosed Property entered into at the direction of the Special Servicer on behalf
of the Trust, including any lease renewed, modified or extended on behalf of the Trust, if the Trust has the right to renegotiate
the terms of such lease.

 

“Non-Book
Entry Certificates”: As defined in Section 5.2(c).

 

“Non-U.S.
Beneficial Ownership Certification”: As defined in Section 5.3(f).

 

“Non-U.S.
Person”: A Person that is not a U.S. Person.

 

    -38-

     

    

 

“Non-VRR
ABS Interest Realized Loss”: With respect to any Distribution Date, the amount, if any, by which (i) the aggregate of
the Certificate Balances of the Sequential Pay Certificates after giving effect to distributions made on such Distribution Date
exceeds (ii) the product of (a) the Non-VRR Percentage and (b) the outstanding principal balance of the Trust Loan after giving
effect to (x) any payments of principal received with respect to the Payment Date occurring immediately prior to such Distribution
Date and (y) the aggregate reductions of the principal balance of the Trust Loan that have been permanently made as a result of
a bankruptcy proceeding, modification or otherwise.

 

“Non-VRRC
Certificate”: The Class A, Class B, Class C, Class D and Class E Certificates.

 

“Non-VRR
Distribution Priorities”: As defined in Section 4.1(a).

 

“Non-VRR
Interest Available Funds”: With respect to any Distribution Date, the portion of Aggregate Available Funds allocated
to the Non-VRRC Certificates, which amount is equal to the Non-VRR Percentage of the amount of Aggregate Available Funds for such
Distribution Date.

 

“Non-VRR
Percentage”: 95%. For the avoidance of doubt, at all times the sum of the VRR Percentage and the Non-VRR Percentage
shall equal 100%.

 

“Nondisqualification
Opinion”: An Opinion of Counsel, prepared at the Trust Fund’s expense and payable from the Collection Account,
that a contemplated action will not cause (i) either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a
REMIC at any time that any Certificates are outstanding or (ii) a “prohibited transaction” or “prohibited
contributions” tax to be imposed on either the Lower-Tier REMIC or the Upper-Tier REMIC at any time that any Certificates
are outstanding.

 

“Nonrecoverable
Advance”: Any portion of an Advance previously made and not previously reimbursed, or proposed to be made, including
interest thereon, which, in accordance with Accepted Servicing Practices (in the case of the Servicer) or good faith and reasonable
business judgment (in the case of the Trustee) would not be ultimately recoverable from subsequent payments or collections (including
Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds) in respect of the Mortgage Loan or the Property (in the case
of Property Protection Advances or Administrative Advances) or the Trust Loan (in the case of Monthly Payment Advances) or from
funds on deposit in the Collection Account pursuant to Section 3.4(c). The Trustee may rely conclusively upon a determination
of non-recoverability made by the Servicer. The Servicer or the Special Servicer may consider (among other things) the items listed
in Section 3.23(h) when making a determination regarding a Nonrecoverable Advance.

 

“Note
B Allocation” means a fraction, the numerator of which is (A) the initial Certificate Balance of the related Class
of Certificates, minus (B) (i) in the case of the Class A Certificates, the Non-VRR Percentage of the original principal balance
of the A Notes included in the Trust Loan and (ii) in the case of the Class B, Class C, Class D and Class E Certificates, 0,

 

    -39-

     

    

 

and
the denominator of which is the Non-VRR Percentage of the original principal balance of the B Notes.

 

“Note
Rate”: With respect to each Note, the per annum rate at which interest accrues on such Note as set forth in the
Mortgage Loan Agreement without giving effect to the Default Rate.

 

“Notes”:
As defined in the Introductory Statement to this Agreement.

 

“NRSRO”:
Any nationally recognized statistical rating organization, as defined in Section 3(a)(62) of the Exchange Act, including
the Rating Agencies.

 

“NRSRO
Certification”: A certification (a) substantially in the form of Exhibit M executed by an NRSRO (including
any Rating Agency) or (b) provided electronically and executed by such NRSRO by means of a “click-through” confirmation
on the 17g-5 Information Provider’s Website, in either case in favor of the 17g-5 Information Provider that states that
(a) such NRSRO is a Rating Agency, or (b) that such NRSRO has provided the Depositor with the appropriate certifications
under paragraph (e) of Rule 17g-5, such NRSRO has access to the Depositor’s 17g-5 Internet website and any confidentiality
provisions relating to information on the Depositor’s 17g-5 Internet website apply equally to information on the Certificate
Administrator’s Website and the 17g-5 Information Provider’s Website.

 

“Offered
Certificates”: The Certificates other than the Class VRRC Certificates.

 

“Offering
Circular”: The Offering Circular, dated March 1, 2022, for the Certificates (other than the Class VRRC Certificates).

 

“Officer’s
Certificate”: A certificate signed by (i) the Chairman of the Board, the Vice Chairman of the Board, the President or
a Vice President (however denominated), the Treasurer, the Secretary, one of the Assistant Treasurers or Assistant Secretaries,
any Servicing Officer, Responsible Officer or other officer of the Servicer, the Special Servicer, the Depositor, a Trust Loan
Seller or any other entity referred to herein, as the case may be, customarily performing functions similar to those performed
by any of the above designated officers and also with respect to a particular matter, any other officer to whom such matter is
referred because of such officer’s knowledge of and familiarity with the particular subject and (ii) with respect to the
Certificate Administrator and the Trustee, a Responsible Officer.

 

“Opinion
of Counsel”: A written opinion of counsel, who may, without limitation, be counsel for the Depositor, the Servicer or
the Special Servicer, reasonably acceptable to the Trustee and the Certificate Administrator.

 

“Original
Certificate Balance”: As defined in the Introductory Statement.

 

“Original
Lower-Tier Principal Amount”: With respect to any Class of Uncertificated Lower-Tier Interests, the initial Lower-Tier
Principal Amount thereof as of the Closing Date, in each case as specified in the Introductory Statement to this Agreement.

 

“Original
VRR Interest Balance”: As defined in the Introductory Statement.

 

    -40-

     

    

 

“Origination
Date”: December 1, 2021.

 

“Other
Depositor”: With respect to any Other Securitization Trust, the related “depositor” (within the meaning
of Item 1101(e) of Regulation AB).

 

“Other
Exchange Act Reporting Party”: With respect to any Other Securitization Trust that is subject to the reporting requirements
of the Exchange Act, the trustee, certificate administrator, master servicer, special servicer, operating advisor or depositor
under the related Other Pooling and Servicing Agreement that is responsible for the preparation and/or filing of Form 8-K, Form
10-D and Form 10-K with respect to such Other Securitization Trust, as identified in writing to the parties to this Agreement;
and, with respect to any Other Securitization Trust that is not subject to the reporting requirements of the Exchange Act and
for the purposes of Sections 13.7, 13.8, 13.9 and 13.16 only, the trustee, certificate administrator,
master servicer, special servicer, operating advisor or depositor under the related Other Pooling and Servicing Agreement that
is responsible for the preparation and/or dissemination of periodic distribution date statements or similar reports, as identified
in writing to the parties to this Agreement.

 

“Other
Pooling and Servicing Agreement”: The applicable pooling and servicing agreement or other applicable comparable agreement
governing the creation of any Other Securitization Trust and the issuance of securities with respect to any Companion Loan (or
any portion thereof or interest therein).

 

“Other
Securitization Trust”: Any “issuing entity” (within the meaning of Item 1101(f) of Regulation AB) that holds
a Companion Loan or Foreclosed Companion Loan (or any portion thereof or interest therein), as identified in writing to the parties
to this Agreement.

 

“PACE
Debt”: Any amounts owed in respect of energy retrofit lending programs, commonly known as “PACE Loans”.

 

“Pass-Through
Rate”: For the following Classes of Certificates, the related Pass-Through Rate set forth below, and for each Uncertificated
Lower-Tier Interest (other than the Class LVRRC and LVRRI Uncertificated Interests), the Net Trust Note Rate of the Trust Notes
at which, in each case, interest accrues on the Certificate Balance or Lower-Tier Principal Amount, as applicable, of such Class
as set forth in the Introductory Statement to this Agreement.

 

	Class
                                         of Certificates

        
	Pass-Through
Rate 

	Class A
    Certificates	Class A
    Pass-Through Rate
	Class B
    Certificates	Class B
    Pass-Through Rate
	Class C
    Certificates	Class C
    Pass-Through Rate
	Class D
    Certificates	Class D
    Pass-Through Rate
	Class E
    Certificates	Class E
    Pass-Through Rate

 

    -41-

     

    

 

With
respect to the Class VRRC Certificates, the VRR Interest, the Class LVRRC Uncertificated Interest and the LVRRI Uncertificated
Interest and any Distribution Date, the effective per annum rate at which interest accrues on the Class VRRC Certificates
or VRR Interest, as applicable, during any Certificate Interest Accrual Period, which, in each case, will be the weighted average
of the Net Trust Note Rates of all of the Trust Notes of the Mortgage Loan.

 

“Payment
Date”: The sixth day of each month during the term of the Mortgage Loan, or if such date is not a Business Day (as defined
in the Mortgage Loan Agreement), the immediately preceding Business Day (as defined in the Mortgage Loan Agreement), subject to
any applicable grace period pursuant to the Mortgage Loan Agreement.

 

“Percentage
Interest”: As to any Class of Regular Certificate (including, for the avoidance of doubt, any Class VRRC Certificate),
the initial Certificate Balance of such Certificate divided by the initial Certificate Balance of all of the Certificates of the
related Class. With respect to the Class R Certificates, the percentage specified on the Certificate held by the Holder of
such Certificate. With respect to the VRR Interest, “Percentage Interest” means 100%.

 

“Permitted
Encumbrances”: As defined in the Mortgage Loan Agreement.

 

“Permitted
Investments”: Any one or more of the following obligations or securities acquired at a purchase price of not greater
than par, including those issued by the Servicer, the Certificate Administrator or the Trustee or any of their respective Affiliates,
payable on demand or having a maturity date not later than the Business Day immediately prior to the first Payment Date following
the date of acquiring such investment and meeting one of the appropriate standards set forth below:

 

(i)           direct obligations of, and obligations fully guaranteed as to timely payment of principal and interest by, the United States of
America, Fannie Mae, Freddie Mac or any agency or instrumentality of the United States of America, the obligations of which are
backed by the full faith and credit of the United States of America that mature in one (1) year or less from the date of acquisition;
provided that any obligation of, or guarantee by, any agency or instrumentality of the United States of America shall be a Permitted
Investment only if such investment would not result in the downgrading, withdrawal or qualification of the then-current rating
assigned by each Rating Agency to any Certificate as evidenced in writing, other than (a) unsecured senior debt obligations of
the U.S. Treasury (direct or fully funded obligations), U.S. Department of Housing and Urban Development public housing agency
bonds, Federal Housing Administration debentures, Government National Mortgage Association guaranteed mortgage-backed securities
or participation certificates, RefCorp debt obligations and SBA-guaranteed participation certificates and guaranteed pool certificates
and (b) Farm Credit System consolidated systemwide bonds and notes, Federal Home Loan Banks’ consolidated debt obligations,
Freddie Mac debt obligations, and Fannie Mae debt obligations;

 

(ii)          federal funds, unsecured certificates of deposit, time deposits, banker’s acceptances, and repurchase agreements having
maturities of not more than 365 days of any commercial bank organized under the laws of the United States of America or any

 

    -42-

     

    

 

state
thereof or the District of Columbia, (a) in the case of such investments with maturities of 60 days or less, the short-term obligations
of which are rated at least “R-1 (middle)” by DBRS Morningstar (if then rated by DBRS Morningstar) and, if it has
a term in excess of three months, the long-term debt obligations of which are rated “AA (low)” (or the equivalent)
by DBRS Morningstar (if then rated by DBRS Morningstar) (or, if not rated by a Rating Agency, otherwise acceptable to such Rating
Agency, and in any such case as confirmed in a Rating Agency Confirmation relating to the Certificates);

 

(iii)         deposits that are fully insured by the Federal Deposit Insurance Corp. (“FDIC”);

 

(iv)         commercial paper rated (1) in the case of such investments with maturities of 30 days or less, the short-term obligations of which
are rated in the highest short-term debt rating category of DBRS Morningstar (or, if not rated by DBRS Morningstar, an equivalent
(or higher) rating by any two other NRSROs), (2) in the case of such investments with maturities of three months or less, but
more than 30 days, the short-term obligations of which are rated in the highest short-term debt rating category of DBRS Morningstar
(or, if not rated by DBRS Morningstar, an equivalent (or higher) rating by any two other NRSROs), (3) in the case of such investments
with maturities of six months or less, but more than three months, the short-term obligations of which are rated in the highest
short-term debt rating category of DBRS Morningstar (or, if not rated by DBRS Morningstar, an equivalent (or higher) rating by
any two other NRSROs), (4) in the case of such investments with maturities of more than six months (but less than 365 days), the
short-term obligations of which are rated in the highest short-term debt rating category of DBRS Morningstar (or, if not rated
by DBRS Morningstar, an equivalent (or higher) rating by any two other NRSROs) or the long-term obligations of which are rated
at least “AAA” (or the equivalent) by DBRS Morningstar (or, if not rated by DBRS Morningstar, an equivalent (or higher)
rating by any two other NRSROs) or if not so rated by any such Rating Agency, otherwise acceptable to such Rating Agency, and
in any such case as confirmed in a Rating Agency Confirmation relating to the Certificates;

 

(v)          any money market fund that (a) has substantially all of its assets invested continuously in the types of investments referred
to in clause (i) above, (b) has net assets of not less than $5,000,000,000, (c) maintains a constant net asset
value;  and (d) has the highest rating obtainable from DBRS Morningstar (if then rated by DBRS Morningstar, or, if not rated
by DBRS Morningstar, an equivalent rating (or higher) by at least two (2) NRSROs);

 

(vi)         the Wells Fargo Money Market Funds, so long as it maintains a constant net asset value and has the highest rating obtainable from
DBRS Morningstar (if then rated by DBRS Morningstar, or, if not rated by DBRS Morningstar, an equivalent rating (or higher) by
at least two (2) NRSROs) (or, if not rated by any such Rating Agency, as otherwise acceptable to such Rating Agency as confirmed
in a Rating Agency Confirmation);

 

    -43-

     

    

 

(vii)        any other demand, money market or time deposit, obligation, security or investment, but for the failure to satisfy one or more
of the minimum rating(s) set forth in the applicable clause, would be listed in clauses (i)-(vi) above with respect to
which a Rating Agency Confirmation has been obtained from each Rating Agency for which the minimum ratings set forth in the applicable
clause is not satisfied with respect to such demand, money market or time deposit, obligation, security or investment; and

 

(viii)       such other investments as to which each Rating Agency shall have delivered a Rating Agency Confirmation;

 

provided,
however, that each Permitted Investment qualifies as a “cash flow investment” pursuant to Section 860G(a)(6)
of the Code, and that (a) it shall have a predetermined fixed dollar of principal due at maturity that cannot vary or change
and (b) any such investment that provides for a variable rate of interest must have an interest rate that is tied to a single
interest rate index plus a fixed spread, if any, and move proportionately with such index; and provided, further,
however, that no such instrument shall be a Permitted Investment (a) if such instrument evidences principal and interest
payments derived from obligations underlying such instrument and the interest payments with respect to such instrument provide
a yield to maturity at the time of acquisition of greater than 120% of the yield to maturity at par of such underlying obligations,
(b) if such instrument may be redeemed at a price below the purchase price or (c) if such investment is purchased at a premium
over par; and provided, further, however, that no amount beneficially owned by the Upper-Tier REMIC or the
Lower-Tier REMIC (even if not yet deposited in the Trust) may be invested in investments (other than money market funds) treated
as equity interests for federal income tax purposes, unless the Servicer receives an Opinion of Counsel, at its own expense, to
the effect that such investment will not adversely affect the status of the Upper-Tier REMIC or the Lower-Tier REMIC as a REMIC.
Permitted Investments may not be interest-only securities. All investments shall mature or be redeemable upon the option of the
holder thereof on or prior to the earlier of (x) three months from the date of their purchase and (y) the Business Day preceding
the day before the date such amounts are required to be applied hereunder.

 

“Permitted
Special Servicer/Affiliate Fees”: Any commercially reasonable treasury management fees, appraisal fees, banking fees,
insurance commissions or fees, title insurance fees, property condition report fees and appraisal fees received or retained by
the Special Servicer or any of its Affiliates in connection with any services performed by such party with respect to the Trust
Loan or Foreclosed Property in accordance with this Agreement.

 

“Permitted
Transferee”: Any Person or agent of such Person other than (a) a Disqualified Organization, (b) any other
Person so designated by the Certificate Registrar who is unable to provide an Opinion of Counsel (provided at the expense of such
Person or the Person requesting the transfer) to the effect that the transfer of an ownership interest in any Class R Certificate
to such Person would not cause the Lower-Tier REMIC or Upper-Tier REMIC to fail to qualify as a REMIC at any time that the Certificates
are outstanding, (c) a Disqualified Non-U.S. Person, (d) any partnership if any of its interests are (or under the partnership
agreement are permitted to be) owned, directly or indirectly (other than through a U.S. corporation), by a Disqualified Non-U.S.
Person, (e) a U.S. Person with respect to whom income from the Class R Certificate is attributable to a foreign permanent
establishment or fixed base, within the meaning

 

    -44-

     

    

 

of an applicable income tax treaty, of the transferee or any other U.S. Person
or (f) a Plan or a Person acting on behalf of or using the assets of a Plan to acquire any Class R Certificate.

 

“Person”:
Any individual, corporation, limited liability company, partnership, joint venture, estate, trust, unincorporated association,
bank, any federal, state, county or municipal government or any bureau, department or agency thereof and any fiduciary acting
in such capacity on behalf of any of the foregoing.

 

“Plan”:
As defined in Section 5.3(n).

 

“Principal
Distribution Amount”: For each Distribution Date and each Class of Sequential Pay Certificates, the sum of (i) the
Non-VRR Percentage of the Regular Principal Distribution Amount for such Distribution Date and (ii) the aggregate unpaid Principal
Shortfalls in respect of prior Distribution Dates.

 

“Principal
Shortfall”: For each Distribution Date, the amount by which the Non-VRR Percentage of the Regular Principal Distribution
Amount for such Distribution Date exceeds the amount actually distributed in respect of principal to the Sequential Pay Certificates
on such Distribution Date.

 

“Privileged
Information”: Any (i) correspondence between the Directing Holder or any Risk Retention Consultation Party, on the one
hand, and the Trustee, the Servicer or the Special Servicer, on the other hand, related to the Specially Serviced Mortgage Loan
or the exercise of the Directing Holder’s consent or consultation rights or the consultation rights of any Risk Retention
Consultation Party under this Agreement or (ii) strategically sensitive information in the Special Servicer’s possession
that the Special Servicer has reasonably determined could compromise the Trust Fund’s position in any ongoing or future
negotiations with the Borrower or other interested party and that is labeled or otherwise identified as Privileged Information
by the Special Servicer and (iii) information subject to attorney-client privilege; provided, however, that the Certificate Administrator
shall not be under any obligation to review whether any inquiry or response contains such direct communication with the Directing
Holder. The Servicer shall be entitled to rely on any identification of materials as “attorney-client privileged”
without liability for any such reliance hereunder.

 

“Privileged
Person”: The Depositor and its designees, the Initial Purchasers, the Servicer, the Special Servicer, the Trustee, the
Certificate Administrator, the Trust Loan Sellers, any Repurchasing Seller pursuant to Section 3.27(b), any Risk Retention
Consultation Party, any other Person (including the Directing Holder, but only prior to the occurrence of a Consultation Termination
Event), any Companion Loan Holder that delivers an Investor Certification, any other Person who provides the Certificate Administrator
with an Investor Certification and any NRSRO that delivers an NRSRO Certification to the Certificate Administrator, which Investor
Certification and NRSRO Certification may be submitted electronically via the Certificate Administrator’s Website. For purposes
of obtaining access to information in the possession of the Certificate Administrator and/or receiving any information or report
from the Certificate Administrator’s Website (including accessing the Investor Q&A Forum), other than Distribution Date
Statements only, the Borrower Related Parties, the Managers and the respective agents or Affiliates of the foregoing (in each
case, as evidenced by an Investor Certification in the form

 

    -45-

     

    

 

of Exhibit K-2 hereto) shall be deemed to not be a “Privileged
Person”. Notwithstanding anything herein to the contrary, the provisions hereof shall not limit the Servicer’s ability
to make accessible certain information regarding the Mortgage Loan at a website maintained by the Servicer. None of the Servicer,
the Special Servicer or the Certificate Administrator shall be liable for any communication to any Risk Retention Consultation
Party or disclosure of information if the Servicer, the Special Servicer or the Certificate Administrator, as applicable, did
not receive prior written notice that such Risk Retention Consultation Party is a Borrower Related Party. Each of the Servicer,
the Special Servicer and the Certificate Administrator shall be entitled to conclusively rely on any written notice from any Risk
Retention Consultation Party that it is or is no longer a Borrower Related Party.

 

“Property”:
As defined in the Mortgage Loan Agreement.

 

“Property
Protection Advance”: As defined in Section 3.23(b).

 

“QIB”:
A “qualified institutional buyer” within the meaning of Rule 144A.

 

“Qualified
Bidder”: As defined in Section 7.2(b).

 

“Qualified
Mortgage”: As defined in Section 2.9(a).

 

“RAC
Decision”: (i) Any action described in clauses (v), (vi), (vii), (viii), (x), (xii) or (xiii) of the definition of Major
Decision and (ii) any assumption pursuant to Section 7.1 of the Mortgage Loan Agreement.

 

“Rated
Final Distribution Date”: With respect to the Class A, Class B, Class C, Class D and Class E Certificates,
the Distribution Date in April 2042.

 

“Rating
Agency”: DBRS Morningstar.

 

“Rating
Agency Confirmation”: With respect to any matter, confirmation in writing (which may be in electronic format) by a Rating
Agency that a proposed action, failure to act or other event so specified in this Agreement or the Mortgage Loan Documents will
not, in and of itself, result in the downgrade, withdrawal or qualification of the then-current rating assigned to any Class of
Certificates (if then rated by such Rating Agency) immediately prior to the occurrence of the action, failure to act or other
event with respect to which Rating Agency Confirmation is sought; as set forth in Section 3.28 hereof; provided
that with respect to any matter affecting any Companion Loan, so long as such Companion Loan (or any portion thereof) is subject
to a securitization transaction, any Rating Agency Confirmation shall also refer to the Companion Loan Rating Agency Confirmation
from each related Companion Loan Rating Agency to the extent provided in Section 3.28. At any time during which no Certificates
are rated by a Rating Agency, no Rating Agency Confirmation will be required from that Rating Agency. A Rating Agency Confirmation
may be obtained or deemed to be satisfied as set forth in Section 3.28 hereof; provided that a written waiver (which
may be in electronic form) or other acknowledgment from a Rating Agency indicating its decision not to review or to decline 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.

 

    -46-

     

    

 

“Rating
Agency Inquiry”: As defined in Section 4.5(d).

 

“Rating
Agency Q&A Forum and Document Request Tool”: As defined in Section 4.5(d).

 

“Realized
Loss”: A Non-VRR ABS Interest Realized Loss or a VRR ABS Interest Realized Loss, as applicable.

 

“Record
Date”: With respect to any Distribution Date, for the Certificates and the VRR Interest, the close of business on the
last Business Day of the calendar month immediately preceding the calendar month in which such Distribution Date occurs.

 

“Regular
Certificates”: The Class A, Class B, Class C, Class D, Class E and Class VRRC Certificates.

 

“Regular
Principal Distribution Amount”: For each Distribution Date, the sum of (a) all amounts collected or advanced in respect
of principal with respect to the Trust Loan during the related Collection Period, (b) the principal portion of the Repurchase
Price and (c) all amounts received in respect of principal in respect of the Trust Loan from Net Liquidation Proceeds, Condemnation
Proceeds or Insurance Proceeds and all amounts otherwise received in respect of principal on the Trust Loan.

 

“Regulation
AB”: 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 Commission
or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time.

 

“Regulation
S”: Regulation S under the Act.

 

“Regulation
S Global Certificate”: As defined in Section 5.2(a).

 

“Related
Certificates”, “Related Uncertificated Lower-Tier Interests”: For the following Classes of Certificates,
Classes of Uncertificated Lower-Tier Interests and Classes of Certificates, as applicable, set forth below:

 

	Related
Uncertificated Lower-Tier Interests 
	Related
Certificates 

	Class LA
    Uncertificated Interest	Class A
	Class LB
    Uncertificated Interest	Class B
	Class LC
    Uncertificated Interest	Class C
	Class LD
    Uncertificated Interest	Class D
	Class
    LE Uncertificated Interest	Class
    E
	Class
    LVRRC Uncertificated Interest	Class
    VRRC

 

“Relevant
Action”: As defined in Section 3.29(b).

 

    -47-

     

    

 

“Relevant
Distribution Date” means with respect to any “significant obligor” (within the meaning of Item 1101(k) of
Regulation AB) with respect to an Other Securitization Trust holding a Companion Loan, the “Distribution Date” (or
analogous concept) under the related Other Pooling and Servicing Agreement.

 

“REMIC”:
A “real estate mortgage investment conduit” within the meaning of Section 860D of the Code.

 

“REMIC
Provisions”: Provisions of the Code relating to “real estate mortgage investment conduits,” including Sections
860A through 860G of the Code.

 

“Remittance
Date”: With respect to each Distribution Date, the Business Day immediately preceding such Distribution Date.

 

“Rents
from Real Property”: With respect to the Foreclosed Property, gross income of the character described in Section 856(d)
of the Code.

 

“REO
Management Fee”: As to the Property when it is a Foreclosed Property, a fee payable out of the Foreclosed Property Account
to the Successor Manager for managing such Property while it is owned by the Trust Fund, which shall be reasonable and customary
in the market in which such Property is located.

 

“Reporting
Servicer”: The Servicer, the Special Servicer, the Certificate Administrator, the Trustee or a Servicing Function Participant
engaged by any such party, as the case may be.

 

“Repurchase
Communication”: For purposes of Section 2.2(d) only, any communication, whether oral or written, which need
not be in any specific form.

 

“Repurchase
Price”: An amount (without duplication) equal to (a) with respect to the Trust Loan, the sum of (i) the unpaid
principal balance of the Trust Loan, (ii) accrued and unpaid interest on the Trust Loan at the weighted average of the Trust
Note Rates (without giving effect to the Default Rate) to and including the last day of the related Mortgage Loan Interest Accrual
Period in which the repurchase is to occur (or, in the case of a repurchase of a portion of the Trust Loan, an amount equal to
the aggregate accrued and unpaid interest at the weighted average of the Note Rates (exclusive of the Default Rate) on the portion(s)
of the amount in clause (i) being reduced from the principal balance of the Trust Loan), (iii) unreimbursed Property Protection
Advances and Administrative Advances together with interest on Advances allocable to the Trust Loan pursuant to the Co-Lender
Agreement, (iv) an amount equal to all interest on outstanding Monthly Payment Advances, (v) any unpaid Trust Fund Expenses
allocable to the Trust Loan pursuant to the Co-Lender Agreement and (vi) any other expenses reasonably incurred or expected
to be incurred by the Servicer, the Special Servicer, the Certificate Administrator or the Trustee arising out of the enforcement
of the repurchase obligation, and (b) with respect to any repurchase by a single Trust Loan Seller of any of such Trust Loan
Seller’s individual Trust Notes, the sum of (i) the unpaid principal balance of such Trust Note, (ii) accrued and unpaid
interest on such Trust Note at the related Note Rate (exclusive of the Default Rate) to and including the last day of the related
Mortgage Loan Interest Accrual Period in which the repurchase is to occur, (iii) unreimbursed Property

 

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Protection Advances and
Administrative Advances (in each case, allocable to such Trust Note pursuant to the Co-Lender Agreement) together with interest
on Advances, (iv) an amount equal to all interest on outstanding Monthly Payment Advances (allocable to such Trust Note pursuant
to the Co-Lender Agreement), (v) any unpaid Trust Fund Expenses (allocable to such Trust Note pursuant to the Co-Lender Agreement)
and (vi) any other out-of-pocket expenses reasonably incurred or expected to be incurred by the Servicer, Special Servicer, Certificate
Administrator or Trustee arising out of the enforcement of the repurchase obligation (allocable to such Trust Note pursuant to
the Co-Lender Agreement). No Liquidation Fee shall be payable by the Trust Loan Sellers in connection with a repurchase of the
Trust Loan (or a portion of the Trust Loan) due to a Material Breach or a Material Document Defect pursuant to the Trust Loan
Purchase Agreement (so long as such repurchase occurs prior to the expiration of the Initial Resolution Period or Extended Resolution
Period (if applicable)).

 

“Repurchase
Request”: With respect to the Trust Loan, any request or demand whether oral or written that the Trust Loan be repurchased
or replaced, whether arising from a Material Breach or Material Document Defect or other breach of a representation or warranty.

 

“Repurchase
Request Recipient”: As defined in Section 2.2(d).

 

“Repurchase
Request Withdrawal”: As defined in Section 2.2(d).

 

“Repurchased
Note”: As defined in Section 3.27(a).

 

“Repurchasing
Seller”: As defined in Section 3.27.

 

“Requesting
Holders”: As defined in Section 3.7(f).

 

“Requesting
Party”: As defined in Section 3.28.

 

“Required
Advance Amount”: With respect to any Distribution Date, an amount equal to (a) the amount of the Monthly Payment
Advance with respect to the Trust Loan (taking into account any Trust Appraisal Reduction Amount as of such Distribution Date)
that would be required to be made on the related Remittance Date by the Servicer had the Borrower not made any portion of the
Monthly Payment (or an Assumed Monthly Payment) for the related Payment Date (or an assumed Payment Date) less (b) the aggregate
compensation payable on such Remittance Date to Servicer in respect of the Servicing Fee, the Certificate Administrator in respect
of the Certificate Administrator Fee (including the portion that constitutes the Trustee Fee) and to CREFC® in
respect of the CREFC® Intellectual Property Royalty License Fee.

 

“Reserve
Account”: Any reserve account required to be maintained by the lender (or the Servicer, on its behalf) pursuant to Article
7 of the Mortgage Loan Agreement.

 

“Residual
Ownership Interest”: Any record or beneficial interest in the Class R Certificates.

 

“Responsible
Officer”: When used with respect to (i) the Trustee, any officer of the Corporate Trust Office of the Trustee with direct
responsibility for the administration of this Agreement and also, with respect to a particular matter, any other officer to whom
such matter is

 

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referred because of such officer’s knowledge of and familiarity with the particular subject, and (ii) the
Certificate Administrator, any officer assigned to the Corporate Trust Services group, with direct responsibility for the administration
of this Agreement and also, with respect to a particular matter, any other officer to whom a particular matter is referred by
the Certificate Administrator because of such officer’s knowledge of and familiarity with the particular subject, and in
the case of any certification or other document required to be signed by a Responsible Officer, an authorized signatory whose
name and specimen signature appears on a list furnished to the Servicer or the Special Servicer, as applicable, by the Trustee
or the Certificate Administrator, as applicable, as such list may from time to time be amended.

 

“Restricted
Period”: As defined in Section 5.2(a).

 

“Retained
Fee Rate”: With respect to the Trust Loan (and any successor foreclosed property with respect thereto), 0.012% and with
respect to the Companion Loans, 0%.

 

“Retaining
Parties”: Barclays Bank and BMO.

 

“Retaining
Sponsor”: BCREI.

 

“Risk
Retention Affiliate” or “Risk Retention Affiliated”: As “affiliate” or “affiliated”
are defined in Section 244.2 of the Credit Risk Retention Rules.

 

“Risk
Retention Allocation Percentage”: A fraction expressed as a percentage equal to the VRR Percentage divided by the Non-VRR
Percentage.

 

“Risk
Retention Agreement”: The Risk Retention Agreement, made and entered into as of March 1, 2022, by and among the Depositor,
Barclays Bank, BCREI and BMO.

 

“Risk
Retention Certificates”: The Class VRRC Certificates.

 

“Risk
Retention Consultation Party”: Each of (i) the party selected by the VRR Interest Owner and (ii) the parties selected
by the holders of the Class VRRC Certificates. The initial Risk Retention Consultation Parties are expected to be Barclays Bank
and BMO.

 

“Risk
Retention Period”: The period from the Closing Date until the date that is the earliest of (A) the latest of (i) the
date on which the total unpaid principal balance of the Trust Loan has been reduced to 33% of the total unpaid principal balance
of the Trust Loan as of the Cut-off Date; (ii) the date on which the total outstanding Certificate Balance of the Certificates
and the VRR Interest Balance of the VRR Interest has been reduced to 33% of the total outstanding Certificate Balance of the Certificates
and the VRR Interest Balance of the VRR Interest as of the Closing Date; and (iii) two years after the Closing Date; or (B) the
subject to the consent of the Retaining Sponsor (which consent shall not be unreasonably withheld), the date on which the Credit
Risk Retention Rules have been officially repealed or abolished in their entirety or officially determined by the relevant regulatory
agencies to be no longer applicable to the securitization transaction contemplated by this Agreement or the VRR ABS Interests.

 

“Rule
144A”: As defined in Section 5.2(b).

 

    -50-

     

    

 

“Rule
144A Global Certificate”: As defined in Section 5.2(b).

 

“Rule
144A Information”: As defined in Section 3.21(d).

 

“Rule
144A Information Recipients”: As defined in Section 3.21(d).

 

“Rule 15Ga-1”:
Rule 15Ga-1 under the Exchange Act.

 

“Rule 15Ga-1
Notice”: As defined in Section 2.2(d).

 

“Rule 17g-5”:
Rule 17g-5 under the Exchange Act.

 

“S&P”:
S&P Global Ratings, and its successors-in-interest.

 

“Sarbanes
Oxley Act” means the Sarbanes Oxley Act of 2002 and the rules and regulations of the Commission promulgated thereunder
(including any interpretations thereof by the Commission’s staff).

 

“Sarbanes-Oxley
Certification”: With respect to an Other Securitization Trust, the certification required to be filed together with
such Other Securitization Trust’s Exchange Act report on Form 10-K pursuant to Rule 13a-14 and Rule 15d-14 of the Exchange
Act.

 

“Scheduled
Maturity Date”: The Payment Date occurring in April 2032.

 

“Securitization
Cooperation Provisions”: The provisions set forth in Sections 9.1 and 9.2 of the Mortgage Loan Agreement (which sections
provide for, among other things, indemnifications by the Borrower for certain information contained in the Offering Circular).

 

“Securitization
Indemnification Agreement”: The indemnification agreement, dated as of March 1, 2022, by the Borrower in favor of the
Depositor, the Initial Purchasers, the Trust Loan Sellers and the Originators.

 

“Sequential
Pay Certificates”: The Class A, Class B, Class C, Class D and Class E Certificates.

 

“Servicer”:
KeyBank National Association, or if any successor servicer is appointed as herein provided, such successor servicer.

 

“Servicer
Customary Expense”: As defined in Section 3.17.

 

“Servicer
Investment Personnel”: As defined in Section 6.5(a).

 

“Servicer
Servicing Personnel”: As defined in Section 6.5(a).

 

“Servicer
Termination Event”: As defined in Section 7.1(a).

 

“Service(s)”
or “Servicing”: In accordance with Regulation AB, the act of servicing and administering the Mortgage Loan
or any other assets of the Trust by an entity (other than the Certificate Administrator or Trustee) that meets the definition
of “servicer” set

 

    -51-

     

    

 

forth in Item 1101 of Regulation AB and is subject to the disclosure requirements set forth in Item
1108 of Regulation AB. For clarification purposes, any uncapitalized occurrence of this term shall have the meaning commonly understood
by participants in the commercial mortgage-backed securities industry.

 

“Servicing
Criteria”: The criteria set forth in paragraph (d) of Item 1122 of Regulation AB as such may be amended
from time to time and which as of the Closing Date are listed on Exhibit L hereto.

 

“Servicing
Fee”: With respect to the Trust Loan, each Companion Loan and any Foreclosed Property, a fee payable monthly out of
amounts on deposit in the Collection Account pursuant to Section 3.17, (which includes the Excess Servicing Fee),
that will accrue at the Servicing Fee Rate, with respect to any amount collected within a collection period and will consist of
an amount computed on the basis of the same principal amount, on the same interest accrual basis, and for the same Mortgage Loan
Interest Accrual Period respecting which any related interest payment on the Trust Loan or such Companion Loan, as the case may
be, is (or would have been) computed. For the avoidance of doubt, the Servicing Fee with respect to the Trust Loan shall be deemed
payable from the Lower-Tier REMIC.

 

“Servicing
Fee Rate”: With respect to the Trust Loan, 0.024% per annum; and with respect to the Companion Loans, 0.012%
per annum.

 

“Servicing
Function Participant”: Any Additional Servicer, Sub-Servicer, Subcontractor or any other Person, other than the Trustee,
the Certificate Administrator, the Servicer and the Special Servicer, that is performing activities that address the Applicable
Servicing Criteria as of any date of determination.

 

“Servicing
Officer”: Any officer of the Servicer or the Special Servicer involved in, or responsible for, the administration and
servicing of the Mortgage Loan whose name and specimen signature appear on a list of servicing officers furnished to the Trustee
and the Certificate Administrator on the Closing Date by the Servicer or the Special Servicer, as applicable, in the form of an
Officer’s Certificate, as such list may from time to time be amended.

 

“Servicing
Released Bid”: As defined in Section 7.2(b).

 

“Servicing
Retained Bid”: As defined in Section 7.2(b).

 

“Significant
Obligor NOI Quarterly Filing Deadline”: With respect to each calendar quarter (other than the fourth calendar quarter
of any calendar year), the date that is fifteen (15) days after the Relevant Distribution Date occurring on or immediately following
the date on which financial statements for such calendar quarter are required to be delivered to the related lender under the
Mortgage Loan Documents. The parties to this Agreement acknowledge that that in the event the Property securing a Companion Loan
is a “significant obligor” (within the meaning of Item 1101(k) of Regulation AB) with respect to an Other Securitization
Trust that includes such Companion Loan, the date on which quarterly financial statements are required to be delivered to the
related lender under the Mortgage Loan Documents is, with respect to net

 

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operating income information, forty-five (45) days following
the end of each fiscal quarter, subject to the terms of the Mortgage Loan Agreement.

 

“Significant
Obligor NOI Yearly Filing Deadline”: With respect to each calendar year, the date that is the 90th day after the end
of such calendar year.

 

“Similar
Law”: As defined in Section 5.3(n).

 

“Special
Notice”: As defined in Section 5.6.

 

“Special
Servicer”: KeyBank National Association, or if any successor special servicer is appointed as herein provided, such
successor special servicer.

 

“Special
Servicer Customary Expense”: As defined in Section 3.17(c).

 

“Special
Servicer Investment Personnel”: As defined in Section 6.5(b).

 

“Special
Servicer Servicing Personnel”: As defined in Section 6.5(b).

 

“Special
Servicer Termination Event”: As defined in Section 7.1(a).

 

“Special
Servicing Fee”: If the Mortgage Loan becomes a Specially Serviced Mortgage Loan, a fee payable monthly to the Special
Servicer equal to an amount computed on the basis of the same principal amount and for the same period respecting which any related
interest payment on the Specially Serviced Mortgage Loan is computed, at a rate of 0.25% per annum until the Special Servicing
Loan Event with respect to the Specially Serviced Mortgage Loan no longer exists. Such fee shall be in addition to, and not in
lieu of, any other fee or other sum payable to the Special Servicer under this Agreement. For the avoidance of doubt, the
Special Servicing Fee shall be deemed payable from the Lower-Tier REMIC.

 

“Special
Servicing Loan Event”: With respect to the Trust Loan or the Mortgage Loan, (i) the Borrower has not made two consecutive
Monthly Payments (and has not cured at least one such delinquency by the next Payment Date under the Mortgage Loan Documents)
in respect of the Mortgage Loan; (ii) the Servicer and/or the Trustee have made two consecutive Monthly Payment Advances
with respect to the Trust Loan or the Mortgage Loan (regardless of whether such Monthly Payment Advances have been reimbursed);
(iii) the Borrower fails to make the entire Balloon Payment when due, and the Borrower has not delivered to the Servicer,
on or before the due date of such Balloon Payment, a fully executed term sheet, refinancing commitment or signed purchase and
sale agreement that is reasonably satisfactory in form and substance to the Servicer from an acceptable lender or servicer that
provides that such refinancing or sale will occur within 120 days after the date on which such Balloon Payment will become due
(provided that a Special Servicing Loan Event will occur if either (x) such refinancing does not occur before the
expiration of the time period for refinancing specified in such documentation or (y) the Servicer is required to make a Monthly
Payment Advance at any time prior to such refinancing or sale); (iv) the Servicer has received notice that the Borrower has
become the subject as debtor of any bankruptcy, insolvency or similar proceeding, admitted in writing the inability to pay its
debts as they come due or made an assignment for the benefit of creditors; (v) the Servicer has received notice of a foreclosure
or threatened foreclosure of any

 

    -53-

     

    

 

lien on the Property; (vi) the Borrower has expressed in writing to the Servicer or Special
Servicer an inability to pay the amounts owed under the Mortgage Loan in a timely manner, (vii) in the judgment of the Servicer
(consistent with Accepted Servicing Practices), a default in the payment of principal or interest under the Mortgage Loan is reasonably
foreseeable; or (viii) a default under the Mortgage Loan of which the Servicer has notice (other than a failure by the Borrower
to pay principal or interest) and that materially and adversely affects the interests of the Certificateholders, the VRR Interest
Owner or any Companion Loan Holder has occurred and remains unremedied for the applicable grace period specified in the Mortgage
Loan Documents (or, if no grace period is specified, 60 days); provided, that a Special Servicing Loan Event shall
cease (a) with respect to the circumstances described in clauses (i), (ii) and (iii) above, when the
Borrower has brought the Mortgage Loan current and, with respect to clauses (i) and (ii) above, thereafter made
three consecutive full and timely Monthly Payments on the Mortgage Loan, and in the case of any of clauses (i), (ii)
or (iii) pursuant to the workout of the Mortgage Loan, or (b) with respect to the circumstances described in clauses (iv),
(v), (vi), (vii) and (viii) above, when such circumstances cease to exist in the judgment of the Servicer
(consistent with the Accepted Servicing Practices); provided, in any case, that at that time no other circumstance exists
(as described above) that would constitute a Special Servicing Loan Event.

 

“Specially
Serviced Mortgage Loan”: The Mortgage Loan during the occurrence of a Special Servicing Loan Event.

 

“Startup
Day”: As defined in Section 12.1(c).

 

“Subcontractor”:
Any vendor, subcontractor or other Person that is not responsible for the overall servicing (as “servicing” is commonly
understood by participants in the mortgage-backed securities industry) of the Mortgage Loan but performs one or more discrete
functions identified in Item 1122(d) of Regulation AB with respect to the Mortgage Loan under the direction or authority
of the Servicer (or a Sub-Servicer of the Servicer), the Special Servicer or an Additional Servicer (or a Sub-Servicer of an Additional
Servicer).

 

“Subsequent
Asset Status Report”: As defined in Section 3.10(i).

 

“Sub-Servicer”:
Any Person that (i) Services the Mortgage Loan on behalf of the Servicer or any Sub-Servicer and (ii) is responsible
for the performance (whether directly or through Sub-Servicers or Subcontractors) of a substantial portion of the servicing functions
required to be performed by the Servicer, Servicing Function Participant or an Additional Servicer, under this Agreement, with
respect to the Mortgage Loan, that are identified in Item 1122(d) of Regulation AB.

 

“Sub-Servicing
Entity”: As defined in Section 7.1(a)(x).

 

“Successful
Bidder”: As defined in Section 7.2(b).

 

“Successor
Manager”: Any Independent Contractor as selected or retained by the Special Servicer, on behalf of the Trustee, to serve
as manager of the Foreclosed Property, which designation, as evidenced by a Rating Agency Confirmation from each Rating Agency,
will not

 

    -54-

     

    

 

result in the downgrade, withdrawal or qualification of the ratings assigned to the Certificates or any Companion Loan
Securities by such Rating Agency.

 

“Temporary
Regulation S Global Certificate”: As defined in Section 5.2(a).

 

“Terminated
Party”: As defined in Section 7.1(g).

 

“Terminating
Party”: As defined in Section 7.1(g).

 

“Transferee
Affidavit”: As defined in Section 5.3(o)(ii).

 

“Transferor
Letter”: As defined in Section 5.3(o)(ii).

 

“Trust”:
The trust created hereby and to be administered hereunder. The Trust shall be named “COLEM 2022-HLNE Mortgage Trust”.

 

“Trust
A Note”: Note A-1 and Note A-2.

 

“Trust
Appraisal Reduction Amount”: Any portion of the Appraisal Reduction Amount allocated to the Trust Notes.

 

“Trust
B Note”: The B Notes.

 

“Trust
Fund”: The corpus of the Trust created by this Agreement, consisting of (i) the Trust Loan, including the Trust
Notes together with the Mortgage File (exclusive of the original Companion Loan Notes) relating thereto (other than the rights
of the Lender under the Securitization Cooperation Provisions, which rights shall be retained by the Trust Loan Sellers and shall
not be assigned to the Trustee under this Agreement); (ii) all scheduled and unscheduled payments on or collections in respect
of the Trust Notes; (iii) the Foreclosed Property (but only to the extent of the Trust’s interest in such Foreclosed
Property); (iv) all revenues received in respect of the Foreclosed Property (but only to the extent of the Trust’s
interest in such Foreclosed Property); (v) the Servicer’s, Special Servicer’s and the Trustee’s rights
under the insurance policies with respect to the Property required to be maintained pursuant to this Agreement and any proceeds
thereof (but only to the extent of the Trust’s interest therein); (vi) any indemnities or guaranties given as additional
security for the Trust Notes (but only to the extent of the Trust’s interest therein); (vii) all funds deposited in
the Collection Account (but only to the extent of the Trust’s interest therein), the Interest Reserve Account, the Excess
Interest Distribution Account and the Distribution Account, including reinvestment income thereon (except as otherwise provided
herein); (viii) any environmental indemnity agreements relating to the Property (but only to the extent of the Trust’s
interest therein); (ix) the rights and remedies of the Depositor under the Trust Loan Purchase Agreement; (x) the security
interest in the Reserve Accounts granted pursuant to Section 2.1 (but only to the extent of the Trust’s interest
therein); (xi) all other assets included or to be included in the Lower-Tier REMIC for the benefit of the Upper-Tier REMIC;
(xii) the Uncertificated Lower-Tier Interests; and (xiii) the proceeds of any of the foregoing.

 

“Trust
Fund Expenses”: Any unanticipated and certain other default related expenses incurred by the Trust (including, without
limitation, all interest on Advances and any

 

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other unanticipated expenses of the Trust reimbursable or payable by the Borrower
under the Mortgage Loan Agreement, to the extent not reimbursed by the Borrower or deemed a Nonrecoverable Advance) and all other
amounts (such as indemnification payments, Special Servicing Fees, Work-out Fees and Liquidation Fees), in each case, permitted
to be retained, reimbursed or withdrawn and remitted by the Servicer, the Special Servicer or the Certificate Administrator (on
behalf of itself or the Trustee), as applicable, from the Collection Account or the Distribution Account pursuant to this Agreement.
Expenses incurred as a result of the exercise of the Servicer or Special Servicer, as applicable, of any right granted under the
Mortgage Loan Documents to obtain terrorism insurance in the event that Borrower (i) is not required to purchase such terrorism
insurance, or (ii) is only required to purchase terrorism insurance up to a cap, shall be a Trust Fund Expense.

 

“Trust
Loan”: As defined in the Introductory Statement.

 

“Trust
Loan Purchase Agreement”: As defined in the Introductory Statement.

 

“Trust
Loan Seller Percentage Interest”: As to BCREI, a 65% interest in the Trust Loan, and as to BMO, a 35% interest in the
Trust Loan.

 

“Trust
Loan Sellers”: As defined in the Introductory Statement.

 

“Trust
Note Rate”: With respect to any Trust Note, the Note Rate of such Trust Note.

 

“Trust
Notes”: As defined in the Introductory Statement.

 

“Trust
REMIC”: The Upper-Tier REMIC or the Lower-Tier REMIC, individually or collectively, as the context may require.

 

“Trustee”:
Wilmington Trust, National Association, in its capacity as trustee, or its successor-in-interest, or any successor trustee appointed
as herein provided.

 

“Trustee
Fee”: The portion of the Certificate Administrator Fee payable monthly by the Certificate Administrator to the Trustee
pursuant to Section 8.5 and shall be equal to $250 per month.

 

“Uncertificated
Lower-Tier Interests”: Any of the Class LA, Class LB, Class LC, Class LD, Class LE, Class LVRRC
and LVRRI Uncertificated Interests.

 

“Uninsured
Cause”: Any cause of damage to the Property subject to the Mortgage such that the complete restoration of such Property
is not fully reimbursable (but without regard to any applicable deductible provisions) by any insurance policy required to be
maintained with respect thereto pursuant to the terms of the Mortgage Loan Documents or this Agreement.

 

“Unscheduled
Payments”: With respect to any Distribution Date, all payments and collections received with respect to the Mortgage
Loan or upon foreclosure or liquidation of the Property (net of related foreclosure expenses and Liquidation Expenses) during
the related

 

    -56-

     

    

 

Collection Period including, but not limited to, prepayments due to acceleration of the Mortgage Loan, Net Liquidation
Proceeds, Net Proceeds, Net Foreclosure Proceeds, Condemnation Proceeds, Insurance Proceeds, voluntary prepayments and other payments
and collections on such Mortgage Loan not scheduled to be received, other than Monthly Payments or the Balloon Payment.

 

“Upper-Tier
Distribution Account”: A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Upper-Tier
REMIC.

 

“Upper-Tier
REMIC”: One of the two separate REMICs comprising the Trust Fund, the assets of which consist of the Uncertificated
Lower-Tier Interests and such amounts as shall from time to time be held in the Upper-Tier Distribution Account.

 

“U.S.
Person”: A Person that is (i) a citizen or resident alien of the United States; (ii) a corporation, partnership
(except as provided in applicable Treasury regulations) or other entity created or organized in or under the laws of the United
States, any State or the District of Columbia, including any entity treated as a corporation or partnership for federal income
tax purposes; (iii) an estate whose income is subject to United States federal income tax regardless of the source of its
income; (iv) 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, certain trusts in existence on August 20, 1996 that have elected to be
treated as a U.S. Person); or (v) any other Person that is disregarded as separate from its ownership for U.S. federal income
tax purposes and whose owner is described in clauses (i) through (iv) above.

 

“U.S.
Securities Person”: A “U.S. person” as defined in Rule 902(k) of Regulation S.

 

“Voting
Rights”: The portion of the voting rights of all of the Certificates that is allocated to any Certificate or Class of
Certificates. At any time that any Certificates are outstanding, the Voting Rights shall be allocated among the respective Classes
of Certificateholders as a percentage equal to the aggregate Certificate Balance (and in connection with certain votes under this
Agreement, taking into account any notional reduction in the Certificate Balance for Appraisal Reduction Amounts allocated to
the Sequential Pay Certificates and the Class VRRC Certificates), in each case, determined as of the prior Distribution Date,
the denominator of which is the aggregate Certificate Balances (and in connection with certain votes under this Agreement, taking
into account any notional reduction in the Certificate Balance for the Trust Appraisal Reduction Amounts allocated to the Sequential
Pay Certificates and the Class VRRC Certificates) of all Classes of Certificates (other than the Class R Certificates). The
Class R Certificates and the VRR Interest shall not be entitled to any Voting Rights.

 

“VRR
ABS Interest Available Funds”: With respect to any Distribution Date, an amount equal to the VRR Percentage of the Aggregate
Available Funds for such Distribution Date.

 

    -57-

     

    

 

“VRR
ABS Interest Balance”: The Certificate Balance of the Class VRRC Certificates or the VRR Interest Balance of the VRR
Interest, as applicable.

 

“VRR
ABS Interest Interest Distribution Amount”: With respect to any Distribution Date, for the VRR ABS Interests, an amount
equal to the product of (A) the Risk Retention Allocation Percentage and (B) the aggregate amount of interest distributed on the
Non-VRRC Certificates pursuant to clauses first, fourth, seventh, tenth and thirteenth of Section 4.1(a)
on such Distribution Date.

 

“VRR
ABS Interest Owners”: Holders of the Class VRRC Certificates or the VRR Interest Owner, as the case may be.

 

“VRR
ABS Interest Principal Distribution Amount”: With respect to the VRR ABS Interests for any Distribution Date, an amount
equal to the product of (A) the Risk Retention Allocation Percentage and (B) the aggregate amount of principal distributed on
the Non-Retained Certificates pursuant to clauses second, fifth, eighth, eleventh and fourteenth,
of Section 4.1(a) on such Distribution Date.

 

“VRR
ABS Interest Rate”: For each of the Class VRRC Certificates, the VRR Interest and the Class LVRRC and LVRRI Uncertificated
Interests, an effective rate of interest equal to the WAC Rate.

 

“VRR
ABS Interest Realized Loss”: With respect to any Distribution Date is the amount, if any, by which (i) the VRR ABS Interest
Balance of the VRR ABS Interests after giving effect to distributions made on such Distribution Date exceeds (ii) the product
of (a) the VRR Percentage and (b) the outstanding principal balance of the Trust Loan after giving effect to (x) any payments
of principal received with respect to the Payment Date occurring immediately prior to such Distribution Date and (y) the aggregate
reductions of the principal balance of the Trust Loan that have been permanently made as a result of a bankruptcy proceeding,
modification or otherwise.

 

“VRR
ABS Interests”: The Class VRRC Certificates and the VRR Interest, individually or collectively, as the context may require.

 

“VRR
Interest”: An uncertificated interest in the Trust representing the right to receive the VRR Interest Percentage of
all amounts collected on the Trust Loan, net of all expenses of the Trust, and distributable on each Distribution Date to Holders
of Certificates (other than to the Class R Certificates) and to the VRR Interest Owner (i.e., representing the right to receive
the VRR Interest Percentage of all amounts distributable on each Distribution Date to the Holders of the Regular Certificates).
The VRR Interest evidences a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions. For
the avoidance of doubt, the parties hereto agree not to treat the VRR Interest as a security under applicable law.

 

“VRR
Interest Balance”: With respect to the VRR Interest (i) on or prior to the first Distribution Date, an amount equal
to $5,416,250 and (ii) as of any date of determination after the first Distribution Date, the VRR Interest Balance on the Distribution
Date immediately prior to such date of determination after giving effect to (a) any distributions made on all

 

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previous Distribution
Dates and (b) any VRR ABS Interest Realized Losses allocated to the VRR Interest on all previous Distribution Dates.

 

“VRR
Interest Owner”: The Person who owns the VRR Interest, as identified to the Certificate Administrator in writing. At
any time, there shall be only one VRR Interest Owner. BMO is the VRR Interest Owner as of the Closing Date. Until it receives
notice to the contrary in the form of both Exhibit J-7 and Exhibit J-8 hereto pursuant to Section 5.3(h),
the Certificate Administrator shall be entitled to rely on the preceding sentence with respect to the identity of the VRR Interest
Owner and, thereafter, the Certificate Administrator shall be entitled to rely on the most recent notification in the form of
notice of the new owner and submission of both Exhibit J-7 and Exhibit J-8 hereto pursuant to Section 5.3(q)
with respect to the identity of the VRR Interest Owner.

 

“VRR
Interest Percentage”: A fraction, the numerator of which is the Original VRR Interest Balance and the denominator of
which is the Trust Loan principal balance as of the Cut-off Date.

 

“VRR
Percentage”: 5%.

 

“WAC
Rate”: With respect to any Distribution Date is equal to the weighted average of the applicable Net Trust Note Rates
of the Trust Notes as of the first day of the related Collection Period, weighted on the basis of their respective principal balances
as of the first day of such Collection Period (after giving effect to any payments received during any applicable grace period).

 

“Weighted
Average Note Rate”: With respect to any Distribution Date and the Mortgage Loan, the weighted average of the Note Rates
(weighted based on the outstanding principal balance of the related Note as of such date).

 

“Wells
Fargo Bank, National Association”: Wells Fargo Bank, National Association, a national banking association, and its successors-in-interest.

 

“WHFIT”:
A “Widely Held Fixed Investment Trust” as that term is defined in Treasury Regulations Section 1.671-5(b)(22) or successor
provisions.

 

“WHFIT
Regulations”: Treasury Regulations Section 1.671-5, as amended or successor provisions.

 

“WHMT”:
A “Widely Held Mortgage Trust” as that term is defined in Treasury Regulations Section 1.671-5(b)(23) or successor
provisions.

 

“Withheld
Amounts”: As defined in Section 3.4(e).

 

“Work-out
Fee”: A fee payable to the Special Servicer pursuant to Section 3.17(c) equal to 0.50% of each payment of
principal and interest (other than Default Interest and Excess Interest) made on the Mortgage Loan following the execution of
a written agreement with the Borrower negotiated by the Special Servicer, if a Special Servicing Loan Event is terminated following
resolution of such Special Servicing Loan Event by such

 

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agreement (for so long as another Special Servicing Loan Event does not
occur); provided that any such Work-out Fee shall be reduced by the Net Modification Fees paid by the Borrower with respect
to the Mortgage Loan that were received and retained by the Special Servicer within the prior twelve (12) months, but only to
the extent those Net Modification Fees have not previously been deducted from a Work-out Fee or Liquidation Fee (each amount of
the Work-out Fee will be reduced to an amount (but not to an amount less than zero) until the aggregate amount of such reductions
equals such Net Modification Fees).

 

“Yield
Maintenance Premium”: As “Prepayment Fee” is defined in the Mortgage Loan Agreement.

 

1.2.         Interpretation. (a)  Whenever this Agreement refers to a Distribution Date and a “related” Collection
Period, Mortgage Loan Interest Accrual Period, Certificate Interest Accrual Period or Payment Date, such reference shall be to
the Collection Period, Mortgage Loan Interest Accrual Period, Certificate Interest Accrual Period or Payment Date, as applicable,
occurring immediately preceding or most recently ended prior to, as applicable, such Distribution Date.

 

(b)          Whenever this Agreement refers to a Distribution Date and an “applicable” Pass-Through Rate, such reference shall
be to the Pass-Through Rate for the applicable Class for the related Certificate Interest Accrual Period.

 

(c)          The words “hereof”, “herein”, and “hereunder” and words of similar import when used in this
Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section and
Exhibit references contained in this Agreement are references to Sections and Exhibits in or to this Agreement unless otherwise
specified.

 

(d)          Calculations of interest on the Regular Certificates and the VRR Interest shall be computed on the basis of a 360-day year consisting
of twelve 30-day months.

 

1.3.         Certain Calculations in Respect of the Trust Loan or the Mortgage Loan. (a)  All amounts collected by or on behalf
of the Trust in respect of the Mortgage Loan in the form of payments from or on behalf of the Borrower, Liquidation Proceeds,
Condemnation Proceeds or Insurance Proceeds (other than amounts required to be applied to the restoration, preservation or repair
of the Property or to be released to the Borrower in accordance with the Mortgage Loan Documents) shall be applied to amounts
due and owing under the Mortgage Loan Documents and the Co-Lender Agreement (including for principal and accrued and unpaid interest)
in accordance with the express provisions of the Mortgage Loan Documents and Co-Lender Agreement; provided, however,
in the absence of such express provisions or if and to the extent that such terms authorize the mortgagee to use its discretion
and in any event for purposes of calculating distributions hereunder after a Mortgage Loan Event of Default, all such amounts
collected that are not required to be distributed to the Companion Loan Holders pursuant to the Co-Lender Agreement shall be deemed
to be applied in the following order of priority: first, as a recovery of any unreimbursed Advances plus interest accrued
thereon at the Advance Rate and, if applicable, unpaid Liquidation Expenses and unpaid Trust Fund Expenses; second, as
a recovery of Nonrecoverable Advances or interest thereon to the extent previously reimbursed

 

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from principal collections with
respect to the Mortgage Loan; third, as a recovery of accrued and unpaid interest on the Trust Notes that have not been
the subject of a Monthly Payment Advance, to the extent of the excess of (i) accrued and unpaid interest on each outstanding
Trust Note at the applicable Net Trust Note Rate (without giving effect to any increase in such Net Trust Note Rate required under
the Mortgage Loan Agreement as a result of a Mortgage Loan Event of Default) through and including the end of the Mortgage Loan
Interest Accrual Period in which such collections were received by or on behalf of the Trust, over (ii) the cumulative amount
of the reductions (if any) (a) in the amount of the interest portion of the related Monthly Payment Advances for the Trust Loan
that have theretofore occurred under Section 3.23(a) in connection with Trust Appraisal Reduction Amounts or (b) with
respect to any accrued and unpaid interest that was not advanced due to a determination that the related Monthly Payment Advance
would be a Nonrecoverable Advance, the amount of interest that (absent such determination of nonrecoverability preventing such
Monthly Payment Advance from being made) would not have been advanced because of the reductions in the amount of related Monthly
Payment Advance that would have occurred in connection with related Trust Appraisal Reduction Amounts (to the extent that collections
have not been applied as a recovery of accrued and unpaid interest pursuant to clause fifth below on earlier dates)
(such accrued and unpaid interest to be applied sequentially to accrued and unpaid interest on the Trust A Note and Trust B Note,
in that order); fourth, as a recovery of principal due and payable on the Trust Loan, including by reason of acceleration
of the Mortgage Loan following a Mortgage Loan Event of Default (or, if the Trust Loan has been liquidated, as a recovery of principal
to the extent of its entire remaining unpaid principal balance), first to the Trust A Note and second to the Trust B Note, in
each case until their respective principal balances have been reduced to zero; fifth, as a recovery of accrued and unpaid
interest on the Trust Loan to the extent of the cumulative amounts of reductions (if any) in the amount of the interest portion
of the related Monthly Payment Advances for the Trust Loan that have theretofore occurred under Section 3.23(a) in
connection with Trust Appraisal Reduction Amounts or would have occurred in connection with Trust Appraisal Reduction Amounts
but for such Monthly Payment Advance not having been made as a result of a determination by the Servicer that such Monthly Payment
Advance would have been a Nonrecoverable Advance (to the extent that collections have not been applied as recovery of accrued
and unpaid interest pursuant to this clause fifth on earlier dates) (such accrued and unpaid interest to be applied
sequentially to accrued and unpaid interest on the Trust A Note and Trust B Note, in that order); sixth, as a recovery
of amounts to be currently applied to the payment of, or escrowed for the future payment of, real estate taxes, assessments and
insurance premiums and similar items; seventh, as a recovery of any other reserves to the extent then required to be held
in escrow; eighth, as a recovery of any Yield Maintenance Premiums on the Trust Loan; ninth, as a recovery of any
Assumption Fees and Modification Fees then due and owing under the Mortgage Loan; tenth, as a recovery of any Default Interest
or late charges then due and owing under the Mortgage Loan; and eleventh, as a recovery of any other amounts then due and
owing under the Mortgage Loan, provided that, to the extent required under the REMIC Provisions of the Code, payments or
proceeds received with respect to release of any portion of the Property (including following a condemnation) from the lien of
the applicable Mortgage and Mortgage Loan Documents must be allocated to reduce the principal balance of the Mortgage Loan in
the manner permitted by such REMIC Provisions if, immediately following such release, the loan-to value ratio of the Mortgage
Loan exceeds 125% (based solely on real property and excluding any personal property and going concern value).

 

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(b)          Collections by or on behalf of the Trust in respect of the Foreclosed Property (exclusive of amounts to be applied to the payment
of the costs of operating, managing, leasing, maintaining and disposing of the Foreclosed Property) that are not required to be
distributed to the Companion Loan Holders pursuant to the Co-Lender Agreement shall be deemed to be applied in the following order
of priority: first, as a recovery of any related and unreimbursed Advances plus interest accrued thereon and, if applicable,
unpaid Liquidation Expenses and unpaid Trust Fund Expenses; second, as a recovery of Nonrecoverable Advances or interest
thereon to the extent previously reimbursed from principal collections with respect to the Mortgage Loan; third, as a recovery
of accrued and unpaid interest on the Trust Notes that have not been the subject of a Monthly Payment Advance, to the extent of
the excess of (i) accrued and unpaid interest on each outstanding Trust Note at the applicable Net Trust Note Rate (without
giving effect to any increase in such Net Trust Note Rate required under the Mortgage Loan Agreement as a result of a Mortgage
Loan Event of Default) through and including the end of the Mortgage Loan Interest Accrual Period in which such collections were
received by or on behalf of the Trust, over (ii) the cumulative amount of the reductions (if any) (a) in the amount of the
interest portion of the related Monthly Payment Advances for the Trust Loan that have theretofore occurred under Section 3.23(a)
in connection with Trust Appraisal Reduction Amounts or (b) with respect to any accrued and unpaid interest that was not advanced
due to a determination that the related Monthly Payment Advance would be a Nonrecoverable Advance, the amount of interest that
(absent such determination of nonrecoverability preventing such Monthly Payment Advance from being made) would not have been advanced
because of the reductions in the amount of related Monthly Payment Advance that would have occurred in connection with related
Trust Appraisal Reduction Amounts (to the extent that collections have not been applied as a recovery of accrued and unpaid interest
pursuant to clause fifth below on earlier dates) (such accrued and unpaid interest to be applied sequentially to accrued
and unpaid interest on the Trust A Note and Trust B Note, in that order); fourth, as a recovery of principal due and payable
on the Trust Loan, including by reason of acceleration of the Trust Loan following a Mortgage Loan Event of Default (or, if the
Mortgage Loan has been liquidated, as a recovery of principal to the extent of its entire remaining unpaid principal balance),
first, to the Trust A Note and second to the Trust B Note, in each case until their respective principal balances have been reduced
to zero; fifth, as a recovery of accrued and unpaid interest on the Trust Loan to the extent of the cumulative amount of
the reductions (if any) in the amount of the interest portion of the related Monthly Payment Advances for the Trust Loan that
have theretofore occurred under Section 3.23(a) in connection with Trust Appraisal Reduction Amounts or would have
occurred in connection with Trust Appraisal Reduction Amounts but for such Monthly Payment Advance not having been made as a result
of a determination by the Servicer that such Monthly Payment Advance would have been a Nonrecoverable Advance (to the extent that
collections have not theretofore been applied as a recovery of accrued and unpaid interest pursuant to this clause fifth
on earlier dates) (such accrued and unpaid interest to be applied sequentially to accrued and unpaid interest on the Trust A Note
and Trust B Note, in that order); sixth, as a recovery of any Yield Maintenance Premium on the Trust Loan; seventh,
as a recovery of any Default Interest then deemed to be due and owing under the Mortgage Loan; and eighth, as a recovery
of any other amounts deemed to be due and owing in respect of the Mortgage Loan.

 

(c)          All net present value calculations and determinations made under this Agreement with respect to the Mortgage Loan, the Trust Loan,
the Companion Loans or the

 

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Property or Foreclosed Property (including for purposes of the definition of “Accepted Servicing
Practices”) shall be made using a discount rate appropriate for the type of cash flows being discounted; namely (i) for
principal and interest payments on the Mortgage Loan, the Trust Loan or the Companion Loans, or sale of the Mortgage Loan, the
Trust Loan or the Companion Loans if it is in default by the Special Servicer, the higher of (1) the rate determined by the
Servicer or Special Servicer, as applicable, that approximates the market rate that would be obtainable by the Borrower on similar
debt of the Borrower as of such date of determination and (2) the Weighted Average Note Rate on the Mortgage Loan, the Trust
Loan or the Companion Loans, as the case may be, based on its outstanding principal balance and (ii) for all other cash flows,
including property cash flow, the “discount rate” set forth in the most recent Appraisal (or update of such Appraisal).

 

2.                
DECLARATION OF TRUST; ORIGINAL ISSUANCE OF CERTIFICATES

 

2.1.         Creation and Declaration of Trust; Conveyance of the Trust Loan. (a) The Depositor, concurrently with the execution and
delivery hereof, hereby sells, transfers, assigns, delivers, sets over, and otherwise conveys or causes to be conveyed in trust
to the Trustee for the benefit of Certificateholders and the VRR Interest Owner, without recourse (except to the extent otherwise
provided herein and in the Mortgage Loan Documents), the Depositor’s right, title and interest, whether now owned or hereafter
acquired, now existing or hereafter arising, wherever located, in and to all of the items referred to in the definition of “Trust
Fund”, including without limitation (i) all rights and remedies of the Depositor under the Trust Loan Purchase
Agreement, (ii) all right, title and interest of the Depositor in, to and under the Reserve Accounts, (iii) all right,
title and interest of the Depositor in and to the Trust Loan as of the Closing Date and (iv) all other assets included or
to be included in the Lower-Tier REMIC for the benefit of the Upper-Tier REMIC. Such transfer and assignment includes all payments
of interest on the Trust Loan due and payable on and after the Cut-off Date and all principal payments received on or after the
Cut-off Date.

 

Such
sale, transfer and assignment include any related escrow accounts and any security interest under the Trust Loan (whether in real
or personal property and whether tangible or intangible) and all related rights to payments made or required to be made to the
Depositor by the Borrower or any other party under the Mortgage Loan Documents relating to the Trust Loan. Such sale, transfer
and assignment further include all Mortgage Loan Documents relating to the Trust Loan (other than the Securitization Cooperation
Provisions). Notwithstanding anything to the contrary herein, the rights of the Lender under the Securitization Cooperation Provisions
shall be retained by the Trust Loan Sellers and shall not be part of the Trust Fund.

 

(b)          In connection with such sale, transfer and assignment, the Depositor does hereby deliver to, and deposit with the Custodian on
or before the fifth day after the Closing Date (the “Delivery Date”) (except with respect to the items referenced
in clause (A) below, which shall be delivered and deposited on or prior to the Closing Date), the following documents or instruments
with respect to the Mortgage Loan (collectively, the “Mortgage File”), in each case executed by the parties
thereto:

 

(A)          
the original Trust Notes (or if any Trust Note has been lost, a lost affidavit with a customary indemnity provision, together
with a copy of such

 

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Trust Note), fully executed and endorsed without recourse to the order of the Trustee in the following form:
“Pay to the order of Wilmington Trust, National Association, as Trustee in trust for Holders of COLEM 2022-HLNE Mortgage
Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE, and the VRR Interest Owner, without recourse or warranty
except as set forth in the Trust and Servicing Agreement, dated as of March 15, 2022, among Barclays Commercial Mortgage Securities
LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wilmington Trust, National Association,
as Trustee, Computershare Trust Company, National Association, as Certificate Administrator and Custodian”, which Trust
Notes and all endorsements thereon shall show a complete chain of endorsement from the original payee(s) to the Trustee;

 

(B)            the original or a copy of the Loan Agreement, including all amendments thereto;

 

(C)           
(i) the original recorded counterpart of the Mortgage or (ii) a certified copy of the Mortgage;

 

(D)           [Reserved];

 

(E)            the original recorded Assignment of Mortgage, in favor of the Trustee, and in a form that is complete and suitable for recording
in the jurisdiction in which the Property is located to “Wilmington Trust, National Association, as Trustee for COLEM 2022-HLNE
Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE and the Companion Loan Holders”, without
recourse;

 

(F)            the original or a copy of the recorded Assignment of Leases;

 

(G)            the original assignment of the recorded Assignment of Leases, in favor of the Trustee, in trust for the benefit of the Certificateholders,
the VRR Interest Owner and the Companion Loan Holders, without recourse;

 

(H)           an original or a copy of any non-recourse carve-out guaranties, if any;

 

(I)             an original or a copy of any environmental indemnities;

 

(J)             an original or a copy of any Origination Date reserve guaranties;

 

(K)           an original or a copy of any assignment of management agreement;

 

(L)            where applicable, a copy of each UCC-1 financing statement (and an original thereof shall have been sent for filing), together
with a fully executed UCC-3 financing statement, in a form that is complete and suitable for filing, disclosing the assignment
from the secured party named in such UCC-1 financing

 

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statement to the Trustee of the security interest in the personal property
and other UCC collateral constituting security for repayment of the Mortgage Loan;

 

(M)          a copy of the lender’s title insurance policy obtained in connection with the origination of the Mortgage Loan (or an executed
irrevocable agreement by the title insurance company to issue a title insurance policy pursuant to and in conformity with (1)
a marked, signed commitment to insure and (2) a pro forma title insurance policy), together with any endorsements thereto;

 

(N)           the original or a copy of the Co-Lender Agreement;

 

(O)           an original or a copy of any pledge and security agreement;

 

(P)            an original or a copy of any account control agreement;

 

(Q)           an original or a copy of any cash management agreement;

 

(R)            copies of all other instruments, if any, constituting additional security for the repayment of the Mortgage Loan; and

 

(S)            any and all amendments, modifications and supplements to, and waivers related to, any of the foregoing.

 

The
Depositor shall provide the Servicer promptly following the Closing Date, at its own expense, with copies of all such documents
in its possession constituting part of the Mortgage File. Where the Depositor is not expressly required to deliver or cause to
be delivered originals of documents and/or instruments referred to in this Section 2.1(b), copies of such documents and/or
instruments may be delivered electronically via PDF. For the avoidance of doubt, the documents referred to in clauses (C)(ii),
(D), (L), (M), (R) and (S) may be delivered electronically via PDF or copies may be delivered of such documents.

 

In
addition, the Depositor shall deliver or cause to be delivered to the Servicer for its review, all required insurance policies
or certificates issued by the insurers showing such insurance to be in effect on the Closing Date, together with proof of payment
of premiums relating thereto (which may consist of such policies or certificates).

 

Each
Assignment of Mortgage and UCC-3 financing statements to be filed in the appropriate filing offices or record depositories shall
be filed or recorded, as applicable, by a designee of the Depositor, with instructions to return all such recorded documents,
or other evidences of filing issued by the applicable governmental offices, to the Custodian, with a copy to the Servicer. In
the event that any such document is determined to be defective or not to be in compliance with the requirements of the applicable
filing office or recording depository, or if any such document is lost or returned unrecorded because of a defect therein, the
Depositor shall promptly prepare a substitute document, and shall cause each such document to be duly submitted for filing or
recording, as applicable. Notwithstanding anything to the contrary contained in this Section 2.1(b), in those instances
where the public recording office retains the original Mortgage or Assignment of Mortgage, if applicable, after any has been recorded,
the obligations of the Depositor hereunder and the obligations of the Trust Loan Sellers under the

 

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Trust Loan Purchase Agreement
shall be deemed to have been satisfied upon delivery to the Custodian of a copy of such Mortgage, or Assignment of Mortgage, if
applicable, certified by the public recording office to be a true and complete copy of the recorded original thereof.

 

The
ownership of the Trust Notes, all other contents of the Mortgage File and the other assets in the Trust Fund shall be vested in
the Trust or the Trustee for the benefit of the Certificateholders, the VRR Interest Owner and (other than the Trust Notes) the
Companion Loan Holders. The Depositor, the Servicer and the Special Servicer agree to take no action inconsistent with the Trustee’s
ownership of the Trust Loan and to promptly indicate to all inquiring parties that the Trust Loan has been sold and to claim no
ownership interest in the Trust Loan. All original documents relating to the Trust Loan that are not delivered to the Custodian
are and shall be held by the Depositor, the Servicer or the Special Servicer, as the case may be, in trust for the benefit of
the Certificateholders and the VRR Interest Owner. In the event that any such original document is required pursuant to the terms
of this Section 2.1(b) to be a part of a Mortgage File, such document shall be delivered promptly to the Custodian.

 

(c)          Notwithstanding anything else in this Agreement, the parties acknowledge that the trust established under this Agreement is intended
to be treated as a bare trust for Canadian federal income tax purposes. Accordingly, the parties to this Agreement agree not to
make any Canadian tax filing or take any Canadian tax position that is inconsistent with the treatment of the trust as a bare
trust. For the avoidance of doubt, none of the Trustee, the Certificate Administrator or any other party to this Agreement is
responsible for any Canadian tax administration, or has any liability for any Canadian tax consequences.

 

2.2.         Acceptance by the Trustee and the Custodian. (a)  By its execution and delivery of this Agreement, the Trustee
acknowledges the assignment to it by the Depositor of the Trust Fund in good faith without notice of adverse claims and the Custodian
declares that it holds and will hold or will cause to be held such documents as are delivered to it constituting the Mortgage
File (to the extent the documents constituting the Mortgage File are actually delivered to it) in trust, upon the conditions herein
set forth, for the use and benefit of all present and future Certificateholders, the VRR Interest Owner and the Companion Loan
Holders.

 

(b)                          The execution and delivery of this Agreement by the Certificate Administrator shall constitute certification by the Custodian
that (i) the original Trust Notes specified in Section 2.1(b)(A) and all allonges thereto, if any, have been
received by the Custodian; and (ii) such original Trust Notes have been reviewed by the Custodian and (A) appear regular
on their face (handwritten additions, changes or corrections shall not constitute irregularities if initialed by the Borrower),
(B) appear to have been executed and (C) purport to relate to the Trust Loan. The Custodian agrees to review or cause
to be reviewed the Mortgage File within thirty (30) days after the Closing Date, and to deliver to the Depositor, the Companion
Loan Holders, the Trustee, the Certificate Administrator, the Directing Holder, the Servicer and the Special Servicer a report
certifying, subject to any exceptions found by it in such review, that (A) all documents referred to in Section 2.1(b)
have been received, and (B) all documents have been executed, appear to be what they purport to be, purport to be recorded
or filed (as applicable) and have not been torn, mutilated or otherwise defaced, and appear on their faces to relate to the Mortgage
Loan. The Custodian shall have no responsibility for reviewing the Mortgage File except as expressly set forth in this Section 2.2(b).
The Custodian shall be

 

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under no duty or obligation to inspect, review, or examine any such documents, instruments or certificates
to independently determine that they are valid, genuine, enforceable, legally sufficient, duly authorized, or appropriate for
the represented purpose, whether the text of any assignment or endorsement is in proper or recordable form (except to determine
if the endorsement conforms to the requirements of Section 2.1(b)), whether any document has been recorded in accordance
with the requirements of any applicable jurisdiction, to independently determine that any document has actually been filed or
recorded in the appropriate office, that any document is other than what it purports to be on its face, or whether the title insurance
policies relate to the Property.

 

If
the Depositor cannot deliver, or cause to be delivered, any of the documents and/or instruments referred to in clauses (ii)(B),
(C) and (G) of Section 2.1(b) with evidence of filing or recording thereon (if intended to be recorded
or filed), solely because of a delay caused by the public filing or recording office where such document or instrument has been
delivered for filing or recordation, the delivery requirements of Section 2.1 shall be deemed to have been satisfied
on a provisional basis as of the Delivery Date as to such non-delivered document or instrument, and such non-delivered document
or instrument shall be deemed to have been included in the Mortgage File, if a duplicate original or a photocopy of such non-delivered
document or instrument (certified by the applicable public filing or recording office, the applicable title insurance company
or the Trust Loan Sellers to be a true and complete copy of the original thereof submitted for filing or recording) is delivered
to the Custodian on or before the Delivery Date, and either the original of such non-delivered document or instrument, or a photocopy
thereof (certified by the appropriate county recorder’s office, in the case of the documents and/or instruments referred
to in clause (ii)(B), (C) and (G) of Section 2.1(b) to be a true and complete copy of the
original thereof submitted for recording), with evidence of filing or recording thereon, is delivered to the Custodian within
180 days of the Closing Date (or within such longer period, not to exceed 18 months, after the Closing Date as the Custodian shall
consent to so long as the Depositor provides a certification in writing to the Custodian no less often than every 90 days that
it is attempting in good faith to obtain from the appropriate public filing office or county recorder’s office such original
or photocopy); provided, further, that in those instances where the public recording office retains an original Mortgage, an original
Assignment of Mortgage, an original Assignment of Leases, if applicable, after any has been recorded, the obligations hereunder
of the Depositor and the obligations of the Trust Loan Sellers under the Trust Loan Purchase Agreement shall be deemed to have
been satisfied upon delivery to the Custodian of a copy of each Mortgage, Assignment of Mortgage or Assignment of Leases, if applicable,
certified by the public recording office or the title insurance company to be a true and complete copy of the recorded original
thereof.

 

(c)          Upon the first anniversary following the Closing Date, the Custodian shall deliver a final exception report as to any remaining
documents that are not in the Mortgage File, whereupon, within 90 days, the Depositor shall either: (i) cause such document
deficiency to be cured; or (ii) if such exception is a Material Document Defect, use commercially reasonable efforts to cause
the Trust Loan Sellers to (1) repurchase the Trust Loan pursuant to the Trust Loan Purchase Agreement or (2) indemnify the
Trust for losses directly related to such Material Breach or Material Document Defect (but only if such Material Document Defect
is not related to the Trust Loan not being a Qualified Mortgage, and subject to the receipt of a Rating Agency Confirmation from
each Rating Agency with respect to such action) pursuant to the Trust Loan

 

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Purchase Agreement if such exception is a Material
Document Defect. Notwithstanding anything to the contrary herein, no Defect (except for a Defect with respect to the documents
described in clause (i) of Section 2.1(b) and the documents described in clauses (ii)(B), (C)
and (G) of Section 2.1(b) or a Defect that relates to the Trust Loan being other than a Qualified Mortgage)
shall be considered to be a Material Document Defect unless the document with respect to which a Defect exists is required in
connection with (A) an imminent enforcement of the mortgagee’s rights or remedies under the Trust Loan; (B) defending
any claim asserted by the Borrower or third party with respect to the Trust Loan; (C) establishing the validity or priority
of any lien on any collateral securing the Trust Loan; or (D) any immediate significant servicing obligations. Notwithstanding
the foregoing, the failure of the Trust Loan Sellers to deliver to the Trustee and the Custodian copies of the UCC financing statements
with respect to the Trust Loan will not be a Material Document Defect. The Trustee’s sole remedy against the Trust Loan
Sellers in connection with a Material Document Defect is to enforce the Trust Loan Sellers’ cure, repurchase and/or indemnity
obligations in accordance with the provisions of the Trust Loan Purchase Agreement.

 

(d)          If the Servicer or the Special Servicer (i) receives a Repurchase Request (the receiving Servicer or Special Servicer, as
applicable, the “Repurchase Request Recipient” with respect to such Repurchase Request); or (ii) receives
any withdrawal of a Repurchase Request by the Person making such Repurchase Request (a “Repurchase Request Withdrawal”)
or such a Repurchase Request or Repurchase Request Withdrawal is forwarded to the Servicer or Special Servicer by another party
hereto, then the Repurchase Request Recipient shall deliver notice of such Repurchase Request or Repurchase Request Withdrawal
(each, a “Rule 15Ga-1 Notice”) to the Certificate Administrator, the Depositor, the Companion Loan Holders
and the Trust Loan Sellers, in each case within ten (10) Business Days from such party’s receipt thereof. Each Rule 15Ga-1
Notice may be delivered by electronic means.

 

Each
Rule 15Ga-1 Notice shall include (i) the identity of the Property, (ii) the date the Repurchase Communication of
the Repurchase Request or Repurchase Request Withdrawal is received, and (iii) in the case of a Repurchase Request, (A) the
identity of the Person making such Repurchase Request, (B) if known, the basis for the Repurchase Request (as asserted in
the Repurchase Request) and (C) a statement from the Repurchase Request Recipient as to whether it currently plans to pursue
such Repurchase Request.

 

A
Repurchase Request Recipient shall not be required to provide any information in a Rule 15Ga-1 Notice protected by the attorney-client
privilege or attorney work product doctrines. The Trust Loan Purchase Agreement will provide that (i) any Rule 15Ga-1
Notice provided pursuant to this Section 2.2(d) is so provided only to assist the Trust Loan Sellers and Depositor
or their respective Affiliates to comply with Rule 15Ga-1 under the Exchange Act and any other requirement of law or regulation
and (ii) (A) no action taken by, or inaction of, a Repurchase Request Recipient and (B) no information provided
pursuant to this Section 2.2(d) by a Repurchase Request Recipient, shall be deemed to constitute a waiver or defense
to the exercise of any legal right the Repurchase Request Recipient may have with respect to the Trust Loan Purchase Agreement,
including with respect to any Repurchase Request that is the subject of a Rule 15Ga-1 Notice.

 

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In
the event that the Depositor, the Trustee or the Certificate Administrator receives a Repurchase Communication of a Repurchase
Request or a Repurchase Request Withdrawal, then such party shall promptly forward such Repurchase Communication of such Repurchase
Request or Repurchase Request Withdrawal to the Servicer (or to the Special Servicer, if a Special Servicing Loan Event has occurred
and is continuing), and include the following statement in the related correspondence: “This is a “Repurchase Request
Withdrawal” under Section 2.2 of the Trust and Servicing Agreement relating to COLEM 2022-HLNE Mortgage Trust,
Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE requiring action by you as the recipient of such Repurchase Request
or Repurchase Request Withdrawal thereunder.” Upon receipt of such Repurchase Communication of such Repurchase Request or
Repurchase Request Withdrawal by the Servicer or the Special Servicer, as applicable, such party shall be deemed to be the Repurchase
Request Recipient of such Repurchase Communication of such Repurchase Request or Repurchase Request Withdrawal, and such party
shall comply with the procedures set forth in this Section 2.2(d) with respect to such Repurchase Request or Repurchase
Request Withdrawal.

 

If
the Depositor, the Trustee or the Certificate Administrator receives notice or has knowledge of a withdrawal of a Repurchase Request
Withdrawal of which notice has been previously received or given, and such notice was not received from or copied to the Servicer
or the Special Servicer, then such party shall promptly give notice of such Repurchase Request Withdrawal to the Servicer or the
Special Servicer, as applicable.

 

In
the event that the Mortgage Loan is repurchased pursuant to Section 2.9, the Servicer or Special Servicer shall promptly
notify the Depositor, the Certificate Administrator and the Trustee of such repurchase.

 

2.3.         Representations and Warranties of the Trustee. (a) Wilmington Trust, National Association, as Trustee, hereby represents
and warrants to the other parties hereto and for the benefit of the Certificateholders that as of the Closing Date:

 

(i)           the Trustee is a national banking association, duly organized, validly existing, and is in good standing under the laws of the
United States; the Trustee possesses and shall continue to possess all requisite authority, power, licenses, permits, franchise
and approvals to conduct its business and to execute, deliver and comply with its obligations under this Agreement;

 

(ii)          the execution and delivery of this Agreement by the Trustee and its performance and compliance with the terms of this Agreement
will not violate the Trustee’s articles of association or constitute a default (or an event which, with notice or lapse
of time, or both, would constitute a default) under, or result in the breach of, any material contract, agreement or other instrument
to which the Trustee is a party or which may be applicable to the Trustee or any of its assets;

 

(iii)         except to the extent that the laws of any jurisdiction in which a part of the Trust Fund may be located require that a co-trustee
or separate trustee be appointed to act with respect to the Property as contemplated by Section 8.10, the Trustee
has the full power and authority to enter into and consummate the transactions contemplated by this

 

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Agreement, has duly authorized
the execution, delivery and performance of this Agreement, and has duly executed and delivered this Agreement;

 

(iv)         this Agreement, assuming due authorization, execution and delivery by the other parties hereto, constitutes a valid and binding
obligation of the Trustee, enforceable against it in accordance with the terms of this Agreement, except as such enforcement may
be limited by bankruptcy, insolvency, conservatorship, reorganization, receivership, moratorium or other laws relating to or affecting
the rights of creditors generally and by general principles of equity (regardless of whether such enforcement is considered in
a proceeding in equity or at law);

 

(v)          the Trustee is not in violation of, and the execution and delivery of this Agreement by the Trustee and its performance and compliance
with the terms of this Agreement will not constitute a violation with respect to, any order or decree of any court or any order,
law or regulation of any federal, state, municipal or governmental agency of or in the United States of America having jurisdiction,
which violation would have consequences that would materially and adversely affect the condition (financial or other) or operations
of the Trustee or its properties or might have consequences that would materially affect the performance of its duties hereunder
or thereunder;

 

(vi)         no consent, approval, authorization or order of, or registration of filing with, or notice to any court, governmental or regulatory
agency or body, is required for the execution, delivery and performance by the Trustee of this Agreement or if required, such
approval has been obtained prior to the Closing Date;

 

(vii)        no litigation is pending or, to the best of the Trustee’s knowledge, threatened against the Trustee which would prohibit
its entering into or materially and adversely affect its ability to perform its obligations under this Agreement; and

 

(viii)       the Trustee is covered by errors and omissions insurance coverage which is in full force and effect and/or otherwise complies
with the requirements of Section 8.6(c).

 

(b)          The respective representations and warranties of the Trustee set forth in this Section 2.3 shall survive until the
termination of this Agreement, and shall inure to the benefit of the other parties hereto and the Certificateholders and the VRR
Interest Owner.

 

2.4.         Representations and Warranties of the Certificate Administrator and the Custodian.(a) Computershare Trust Company,
National Association, as Certificate Administrator, hereby represents and warrants to the other parties hereto and for the benefit
of the Certificateholders, the VRR Interest Owner and the Companion Loan Holders that as of the Closing Date:

 

(i)           the Certificate Administrator is a national banking association, duly organized, validly existing, and is in good standing under
the laws of the United States; the Certificate Administrator possesses and shall continue to possess all requisite authority,
power, licenses, permits, franchise and approvals to conduct its business and to execute, deliver and comply with its obligations
under this Agreement;

 

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(ii)          the execution and delivery of this Agreement by the Certificate Administrator and its performance and compliance with the terms
of this Agreement will not violate the Certificate Administrator’s articles of association or constitute a default (or an
event which, with notice or lapse of time, or both, would constitute a default) under, or result in the breach of, any material
contract, agreement or other instrument to which the Certificate Administrator is a party or which may be applicable to the Certificate
Administrator or any of its assets;

 

(iii)         the Certificate Administrator has the full power and authority to enter into and consummate the transactions contemplated by this
Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered
this Agreement;

 

(iv)         this Agreement, assuming due authorization, execution and delivery by the other parties hereto, constitutes a valid and binding
obligation of the Certificate Administrator, enforceable against it in accordance with the terms of this Agreement, except as
such enforcement may be limited by bankruptcy, insolvency, conservatorship, reorganization, receivership, moratorium or other
laws relating to or affecting the rights of creditors generally and by general principles of equity (regardless of whether such
enforcement is considered in a proceeding in equity or at law);

 

(v)          the Certificate Administrator is not in violation of, and the execution and delivery of this Agreement by the Certificate Administrator
and its performance and compliance with the terms of this Agreement will not constitute a violation with respect to, any order
or decree of any court or any order, law or regulation of any federal, state, municipal or governmental agency of or in the United
States of America having jurisdiction, which violation would have consequences that would materially and adversely affect the
condition (financial or other) or operations of the Certificate Administrator or its properties or might have consequences that
would materially affect the performance of its duties hereunder or thereunder;

 

(vi)         no consent, approval, authorization or order of, or registration of filing with, or notice to any court, governmental or regulatory
agency or body, is required for the execution, delivery and performance by the Certificate Administrator of this Agreement or
if required, such approval has been obtained prior to the Closing Date;

 

(vii)        the Certificate Administrator is covered by errors and omissions insurance coverage which is in full force and effect and/or otherwise
complies with the requirements of Section 8.6(b); and

 

(viii)       no litigation is pending or, to the best of the Certificate Administrator’s knowledge, threatened against the Certificate
Administrator which would prohibit its entering into or materially and adversely affect its ability to perform its obligations
under this Agreement.

 

(b)          The respective representations and warranties of the Certificate Administrator set forth in this Section 2.4 shall
survive until the termination of this Agreement,

 

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and shall inure to the benefit of the other parties hereto and the Certificateholders
and the VRR Interest Owner.

 

2.5.         Representations
and Warranties of the Servicer. (a) KeyBank National Association, as Servicer, hereby represents and warrants to the other
parties hereto and for the benefit of the Certificateholders and the VRR Interest Owner that as of the Closing Date:

 

(i)           it is a national banking association duly organized validly existing, and in good standing under the laws of the United States;
it is, and throughout the term of this Agreement shall remain, duly authorized and qualified to transact business in the jurisdiction
where the Property is located to the extent required by applicable law and necessary to ensure the enforceability of the Trust
Loan and Companion Loans in accordance with the terms thereof and hereof; it possesses and shall continue to possess all requisite
authority, power, licenses, permits, franchise, and approvals to conduct its business and to execute, deliver, and comply with
its obligations under this Agreement;

 

(ii)          the execution and delivery of this Agreement and its performance of and compliance with the terms hereof in the manner contemplated
by this Agreement will not violate its articles of association or by-laws, or any other material instrument governing its operations,
or any laws, regulations, orders or decrees of any governmental authority applicable to it and will not constitute a default (or
any event which, with notice or lapse of time or both, would constitute a default) under any material contract, agreement, or
other instrument to which it is a party or which may be applicable to any of its assets, which violation or default would have
consequences that would materially and adversely affect its financial condition or operations or its properties taken as a whole
or its ability to perform its obligations hereunder, or materially impair the ability of the Trust Fund to realize on the Collateral;

 

(iii)         this Agreement constitutes its valid, legal, and binding obligation enforceable against it in accordance with its terms, subject
to bankruptcy and receivership laws and other similar laws of general application affecting rights of creditors and subject to
the application of the rules of equity, including those respecting the availability of specific performance;

 

(iv)         it has the full power and authority to enter into and consummate the transactions contemplated by this Agreement; this Agreement
has been duly executed and delivered by it;

 

(v)          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 it have been obtained or made;

 

(vi)         there is no pending action, suit or proceeding, arbitration or governmental investigation against it, the outcome of which, in
its reasonable judgment, could reasonably be expected to prohibit it from entering into this Agreement or materially and adversely
affect its ability to perform its obligations under this Agreement; and

 

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(vii)        it has errors and omissions insurance and fidelity bond coverage which is in full force and effect or is self-insuring with respect
to such risks, which in either case, complies with the requirements of Section 3.11 hereof.

 

(b)          The representations and warranties of the Servicer set forth in this Section 2.5 shall survive until termination of
this Agreement, and shall inure to the benefit of the parties hereto and the Certificateholders and the VRR Interest Owner.

 

2.6.         Representations
and Warranties of the Special Servicer. (a) KeyBank National Association, as Special Servicer, hereby represents and warrants
to the other parties hereto and for the benefit of the Certificateholders and the VRR Interest Owner that as of the Closing Date:

 

(i)           it is a limited liability company duly organized, validly existing, and in good standing under the laws of the United States of
America; it is, and throughout the term of this Agreement shall remain, duly authorized and qualified to transact business in
the jurisdiction where the Property is located to the extent required by applicable law and necessary to ensure the enforceability
of the Trust Loan and the Companion Loans in accordance with the terms thereof and hereof; it possesses and shall continue to
possess all requisite authority, power, licenses, permits, franchise, and approvals to conduct its business and to execute, deliver,
and comply with its obligations under this Agreement;

 

(ii)          the execution and delivery of this Agreement and its performance of and compliance with the terms hereof in the manner contemplated
by this Agreement will not violate its articles of association or by-laws, or any other material instrument governing its operations,
or any laws, regulations, orders or decrees of any governmental authority applicable to it and will not constitute a default (or
any event which, with notice or lapse of time or both, would constitute a default) under any material contract, agreement, or
other instrument to which it is a party or which may be applicable to any of its assets, which violation or default would have
consequences that would materially and adversely affect its financial condition or operations or its properties taken as a whole
or its ability to perform its obligations hereunder, or materially impair the ability of the Trust Fund to realize on the Collateral;

 

(iii)         this Agreement constitutes its valid, legal, and binding obligation enforceable against it in accordance with its terms, subject
to bankruptcy and receivership laws and other similar laws of general application affecting rights of creditors and subject to
the application of the rules of equity, including those respecting the availability of specific performance;

 

(iv)         it has the full power and authority to enter into and consummate the transactions contemplated by this Agreement; this Agreement
has been duly executed and delivered by it;

 

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(v)          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 it have been obtained or made;

 

(vi)         there is no pending action, suit or proceeding, arbitration or governmental investigation against it, the outcome of which, in
its reasonable judgment, could reasonably be expected to prohibit it from entering into this Agreement or materially and adversely
affect its ability to perform its obligations under this Agreement; and

 

(vii)        it has errors and omissions insurance and fidelity bond coverage which is in full force and effect or is self-insuring with respect
to such risks, which in either case, complies with the requirements of Section 3.11 hereof.

 

(b)          The representations and warranties of the Special Servicer set forth in this Section 2.6 shall survive until termination
of this Agreement, and shall inure to the benefit of the parties hereto and the Certificateholders and the VRR Interest Owner.

 

2.7.         Representations and Warranties of the Depositor. (a)  The Depositor hereby represents and warrants to the other
parties hereto and for the benefit of the Certificateholders and the VRR Interest Owner that as of the Closing Date:

 

(i)           the Depositor is a Delaware limited liability company, duly organized, validly existing and in good standing under the laws of
the State of Delaware, with full power and authority to own its property, to carry on its business as presently conducted, to
enter into and perform its obligations under this Agreement, and to create the trust pursuant hereto;

 

(ii)          the execution, delivery and performance of this Agreement by the Depositor have been duly authorized by all necessary corporate
action on the part of the Depositor; neither the execution, delivery and performance of this Agreement, nor the consummation of
the transactions herein contemplated, nor the compliance with the provisions hereof, will conflict with or result in a breach
of, or constitute a default under (A) any of the provisions of any law, rule, regulation, judgment, decree or order binding
on the Depositor, (B) the organizational documents of the Depositor, or (C) the terms of any indenture or other agreement
or instrument to which the Depositor is a party or by which it is bound or any statute, order or regulation of any court, regulatory
body, administrative agency or governmental body having jurisdiction over it;

 

(iii)         the execution, delivery and performance by the Depositor of this Agreement and the consummation of the transactions contemplated
hereby and thereby do not require the consent or approval of, the giving of notice to, the registration with, or the taking of
any other action in respect of, any state, federal or other governmental authority or agency, except such as has been obtained,
given, effected or taken prior to the date hereof;

 

(iv)         this Agreement has been duly executed and delivered by the Depositor and, assuming due authorization, execution and delivery by
the other parties hereto, constitutes a valid and binding obligation of the Depositor enforceable against it in

 

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accordance with
its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium or other
similar laws relating to or affecting the rights of creditors generally, and by general equity principles (regardless of whether
such enforcement is considered in a proceeding in equity or at law);

 

(v)          there are no actions, suits or proceedings pending or, to the best of the Depositor’s knowledge, threatened or likely to
be asserted against or affecting the Depositor, before or by any court, administrative agency, arbitrator or governmental body
(A) with respect to any of the transactions contemplated by this Agreement or (B) with respect to any other matter which
in the judgment of the Depositor will be determined adversely to the Depositor and will, if determined adversely to the Depositor,
materially and adversely affect its ability to perform its obligations under this Agreement;

 

(vi)         the Depositor is not in default with respect to any order or decree of any court or any order, regulation or demand of any federal,
state, municipal or governmental agency, which default would materially and adversely affect the ability of the Depositor to perform
its obligations hereunder;

 

(vii)        other than the actions taken pursuant to this Agreement, the Depositor has taken no action to impair or encumber the title to
the Trust Loan or to subject it to any offsets, defenses or counterclaims during the Depositor’s ownership thereof;

 

(viii)       the Depositor is accounting for the transfer of the Trust Loan as a sale under generally accepted accounting principles and for
federal income tax purposes;

 

(ix)          the Depositor is not, and, after giving effect to the transfers contemplated under this Agreement, will not be, insolvent; and

 

(x)           the Depositor has not transferred the Trust Loan with an intent to hinder, delay or defraud its creditors.

 

(b)          The representations and warranties of the Depositor set forth in this Section 2.7 shall survive until termination
of this Agreement, and shall inure to the benefit of the Certificateholders, the Trustee, the Certificate Administrator, the Servicer
and the Special Servicer.

 

(c)          Neither the Depositor nor any of its Affiliates shall insure or guarantee distributions on the Certificates. Subject to Section 2.9(a)
and (b), neither the Certificateholders, the Trustee, or the Certificate Administrator on their behalf shall have any
rights or remedies against the Depositor for any losses or other claims in connection with the Certificates or the Trust Loan.

 

2.8.         Reserved.

 

2.9.         Representations and Warranties Contained in the Trust Loan Purchase Agreement. (a)  Upon discovery by the Servicer,
the Special Servicer, the Certificate Administrator or the Trustee of (i) a Material Breach of any representation and warranty
set forth

 

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in Exhibit A to the Trust Loan Purchase Agreement, which representation and warranty was made by the Trust Loan
Sellers in the Trust Loan Purchase Agreement and has been assigned to the Trustee pursuant to Section 2.1 hereof,
or (ii) a Material Document Defect, such Person shall give prompt notice thereof to the other parties hereto and the Trust
Loan Sellers, and upon receipt of such notice the Servicer or the Special Servicer, as applicable, shall use efforts consistent
with Accepted Servicing Practices to cause the applicable Trust Loan Seller, to the extent obligated to do so under the Trust
Loan Purchase Agreement, to cure such Material Document Defect or Material Breach or repurchase its Trust Loan Seller Percentage
Interest in the Trust Loan under the terms of and within the time period specified by the Trust Loan Purchase Agreement, it being
understood and agreed that none of such Persons has an obligation to conduct any investigation with respect to such matters; provided,
that within ninety (90) days of (i) the receipt by the applicable Trust Loan Seller of notice of such Material Document Defect
or Material Breach, as the case may be, or (ii) the discovery of such Material Document Defect or Material Breach by any party
hereto, in the case of a Material Document Defect or Material Breach that would cause the Trust Loan not to be a “qualified
mortgage” within the meaning of Code Section 860G(a)(3) (but without regard to the rule in Treasury Regulations Section
1.860G-2(f)(2), which treats defective obligations as a qualified mortgage) (a “Qualified Mortgage”), will
be a Material Breach or Material Document Defect, respectively, and with respect to any such Material Breach or Material Document
Defect (the “Initial Resolution Period”), the applicable Trust Loan Seller will be required (x) to repurchase
its Trust Loan Seller Percentage Interest in the Trust Loan at an amount equal to its Repurchase Price, (y) cure such Material
Document Defect or Material Breach; provided, that in the case of this clause (y), any such cure that is of a monetary
nature shall be made by the Trust Loan Sellers on a pro rata basis in accordance with their respective Loan Percentage
Interests and any Trust Loan Seller that pays more than such pro rata share shall be entitled to contribution from the
other Trust Loan Sellers or (z) if such Material Breach or Material Document Defect is not related to the Trust Loan not being
a Qualified Mortgage, to indemnify the Trust for its Trust Loan Seller Percentage Interest of the losses directly related to such
Material Document Defect or Material Breach (in the case of clause (z), subject, in the case of any partial repurchase or indemnity
in lieu of a repurchase, to receipt of Rating Agency Confirmation from each Rating Agency with respect to such action); provided,
that in the event that such Material Breach or Material Document Defect does not cause the Trust Loan to be other than a Qualified
Mortgage and is capable of being cured but not within such Initial Resolution Period if the applicable Trust Loan Seller has commenced
and is diligently proceeding with the cure of such Material Document Defect or Material Breach, such Trust Loan Seller will have
an additional ninety (90) days to complete such cure (the “Extended Resolution Period”); provided, further,
that with respect to such Extended Resolution Period, such Trust Loan Seller shall have delivered an officer’s certificate
to the Trustee, the Certificate Administrator and the Servicer and the Special Servicer setting forth the reason why such Material
Breach or Material Document Defect is not capable of being cured within the Initial Resolution Period and what actions such Trust
Loan Seller is pursuing in connection with the cure thereof and stating that such Trust Loan Seller anticipates that such Material
Breach or Material Document Defect will be cured within the Extended Resolution Period. For the avoidance of doubt, no Liquidation
Fee will be payable by any Trust Loan Seller in connection with a repurchase of its Trust Loan Seller Percentage Interest in the
Trust Loan or any indemnification payment by a Trust Loan Seller to a Material Breach or a Material Document

 

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Defect if made in
accordance with and within the Initial Resolution Period or any Extended Resolution Period.

 

(b)          Upon receipt by the Servicer from any Trust Loan Seller of its Trust Loan Seller Percentage Interest in the Repurchase Price for
its Trust Loan Seller Percentage Interest in the Trust Loan or any indemnification payment by such Trust Loan Seller, the Servicer
shall deposit such amount in the Collection Account, and the Custodian shall, upon receipt of a certificate of a Servicing Officer
certifying as to (1) the receipt by the Servicer of the Repurchase Price and the deposit of the Repurchase Price into the Collection
Account pursuant to this Section 2.9(b) and (2) if applicable, compliance with the conditions set forth in clause
(c) below, (i) release or cause to be released to the designees of the applicable Trust Loan Seller the Mortgage File
and the Trustee shall execute and deliver such instruments of transfer or assignment, in each case without recourse, representation
or warranty (except that the Trust Loan is owned by the Trust and is being sold free and clear of liens and encumbrances), as
shall be prepared by such designee to vest in such designee the Trust Loan released pursuant hereto and the Certificate Administrator,
the Trustee, the Servicer and the Special Servicer shall have no further responsibility with regard to such Mortgage File and
(ii) release or cause to be released to the applicable Trust Loan Seller any escrow payments and reserve funds held by the
Trustee, or on the Trustee’s behalf, in respect of such Trust Loan Seller Percentage Interest in the Trust Loan.

 

(c)          In the event that less than all of the Trust Notes are repurchased pursuant to the Trust Loan Purchase Agreement and at least
one Trust Note remains in the Trust, the provisions of Section 3.27 of this Agreement shall govern the servicing and administration
of the Mortgage Loan.

 

(d)          [Reserved].

 

(e)          In the event that the Trust Loan is repurchased pursuant to this Section 2.9, the Servicer or Special Servicer, as
applicable, shall promptly notify the Depositor of such repurchase.

 

(f)           It is understood and agreed that the obligations of the Trust Loan Sellers referred to in this Section 2.9 shall be the
sole remedies available to the Certificateholders or the Trustee respecting a Material Breach of the Trust Loan Sellers’
representations and warranties regarding the Mortgage Loan, the Property and any Material Document Defect.

 

2.10.       Execution and Delivery of Certificates; Issuance of Uncertificated Lower-Tier Interests. The Trustee acknowledges the assignment
in trust by the Depositor to the Trustee of the Trust Notes and other assets comprising the Trust Fund. Concurrently with such
assignment and delivery and in exchange therefor, (i) the Certificate Administrator acknowledges the issuance of (x) the
Uncertificated Lower-Tier Interests to the Depositor and (y) the Class LT-R Interest, in exchange for the Trust Loan (other
than Excess Interest), receipt of which is hereby acknowledged, (ii) immediately thereafter, the Certificate Administrator acknowledges
(x) the assignment by the Depositor to the Trustee of the Uncertificated Lower-Tier Interests, and in exchange therefor that it
(y) has executed and has authenticated and delivered to or upon the order of the Depositor, the Regular Certificates and
the VRR Interest

 

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and has issued the Class UT-R Interest, and (z) has executed and has authenticated and delivered to or upon
the order of the Depositor, the Class R Certificates, representing the Class LT-R and Class UT-R Interests, and (iii)
the Depositor hereby acknowledges the receipt by it or its designees, of the Regular Certificates and the VRR Interest in authorized
denominations and the Class UT-R Interest evidencing the entire beneficial ownership of the Upper-Tier REMIC.

 

2.11.      
Miscellaneous REMIC Provisions. (a)  The Class A, Class B, Class C, Class D, Class E and Class
VRRC Certificates and the VRR Interest (in each case, excluding Excess Interest) are hereby designated as the “regular interests”
in the Upper-Tier REMIC within the meaning of Section 860G(a)(1) of the Code, and the Class UT-R Interest, represented by
the Class R Certificates, is hereby designated as the sole class of “residual interests” in the Upper-Tier REMIC
within the meaning of Section 860G(a)(2) of the Code.

 

The
Class LA, Class LB, Class LC, Class LD, Class LE, Class LVRRC and LVRRI Uncertificated Interests are hereby designated as the
“regular interests” in the Lower-Tier REMIC within the meaning of Section 860G(a)(1) of the Code, and the Class LT-R
Interest, represented by the Class R Certificates, is hereby designated as the sole class of “residual interests”
in the Lower-Tier REMIC within the meaning of Section 860G(a)(2) of the Code.

 

2.12.      
Creation of the Grantor Trust. The portion of the Trust Fund consisting of the Excess Interest with respect to the Trust
Loan and related proceeds will be treated as a grantor trust (the “Grantor Trust”) for federal income tax purposes,
and the Sequential Pay Certificates and the Class VRRC Certificates and the VRR Interest will represent undivided beneficial interests
in such Class’s entitlements to the Grantor Trust. As provided herein, the Certificate Administrator shall take all actions
expressly required hereunder to ensure that the portion of the Trust Fund consisting of the Grantor Trust maintains its status
as a grantor trust under federal income tax law and not be treated as part of the Trust REMICs.

 

3.                
ADMINISTRATION AND SERVICING OF THE Mortgage Loan

 

3.1.        
Servicer to Act as the Servicer; Special Servicer to Act as the Special Servicer. The Servicer and the Special Servicer,
each as an independent contractor, shall service and administer the Mortgage Loan and administer the Foreclosed Property solely
on behalf of the Trust and the Companion Loan Holders, in the best interest of, and for the benefit of, all the Certificateholders,
the VRR Interest Owner and the Companion Loan Holders as a collective whole as if they constituted one lender (taking into account
the subordination of the B Note to the A Notes) (as determined by the Servicer or the Special Servicer, as applicable, in the
exercise of its good faith and reasonable judgment), in accordance with applicable law (including the REMIC Provisions), the terms
of this Agreement, the Mortgage Loan Documents, the Co-Lender Agreement 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 Servicer or the Special Servicer, as applicable, 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 Servicer or the Special Servicer, as applicable, uses for loans which it owns or for
foreclosed properties it owns and administers;

 

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(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 Certificateholders and the VRR Interest owner and the Companion Loan Holders as a collective whole as if they constituted
one lender (taking into account the interests of each of the holders of the Notes and the subordination of the B Note to the A
Notes) on a net present value basis and (b) the payment of Trust Fund Expenses that are reimbursable or payable by the Borrower
under the Mortgage Loan Agreement and (iii) without regard to:

 

(A)          
any relationship that the Servicer or the Special Servicer or any Affiliate thereof may have with any Borrower Related Party,
any Trust Loan Seller, any Companion Loan Holder, the VRR Interest Owner, the Depositor or any of their respective Affiliates;

 

(B)            the ownership of any Certificate, the VRR Interest Owner or any Companion Loan or any interest in any Companion Loan by the Servicer
or the Special Servicer or by any Affiliate thereof;

 

(C)            in the case of the Servicer, its obligation to make Advances;

 

(D)           the right of the Servicer or the Special Servicer or any Affiliate thereof to receive reimbursement of costs, compensation or
other fees (other than 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 Servicer or the Special Servicer.

 

Subject
to the above-described servicing standards (hereinafter referred to as “Accepted Servicing Practices”) and
the terms of this Agreement and of the Mortgage Loan Documents, the Servicer and the Special Servicer each shall have full power
and authority, acting alone and/or through (in the case of the Servicer) one or more sub-servicers as provided in Section 3.2,
to do or cause to be done any and all things in connection with such servicing and administration which it may deem necessary
or desirable. The Servicer and the Special Servicer shall service and administer the Mortgage Loan in accordance with applicable
state and federal law. At the written request of the Servicer or the Special Servicer, as applicable, accompanied by the form
of power of attorney or other documents being requested, the Trustee shall furnish to the Servicer or the Special Servicer any
powers of attorney and other documents necessary or appropriate to enable such Servicer or the Special Servicer to carry out its
servicing and administrative duties hereunder, and the Trustee shall not be held responsible (and shall be indemnified by the
Servicer or the Special Servicer) for any negligence or misuse by the Servicer or the Special Servicer in its uses of any such
powers of attorney or other document. Notwithstanding anything contained herein to the contrary, the Servicer and the Special
Servicer shall not without the Trustee’s and the Certificate Administrator’s prior written consent: (i) initiate
any action, suit or proceeding solely under the Trustee’s or the Certificate Administrator’s name without indicating
the representative capacity of the Servicer or the

 

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Special Servicer, as applicable, or (ii) take any action with the intent
to, and which actually does cause, the Trustee or the Certificate Administrator to be registered to do business in any state.

 

The
liability of each of the Servicer and the Special Servicer, as applicable, for actions and omissions in its capacity as Servicer
and the Special Servicer, respectively, hereunder is limited as provided herein (including, without limitation, pursuant to Section 6.3).
Nothing contained in this Agreement shall be construed as an express or implied guarantee by the Servicer or the Special Servicer
of the collectibility of the Trust Loan and the Companion Loans. In connection with any ground lease, the Servicer shall promptly,
and in any event within 60 days following the later of receipt of the applicable ground lease and the Closing Date, notify the
related ground lessor of the transfer of the Trust Loan to the Trust Fund pursuant to this Agreement and inform such ground lessor
that any notices of default under such ground lease should thereafter be forwarded to the Servicer.

 

Except
as otherwise expressly set forth in this Agreement, KeyBank National Association, acting in any particular capacity hereunder
will not be deemed to be imputed with knowledge of (a) KeyBank National Association, acting in a capacity that is unrelated to
the transactions contemplated by this Agreement, or (b) KeyBank National Association, acting in any other capacity hereunder,
except, in the case of either clause (a) or clause (b), where some or all of the obligations performed in such capacities are
performed by one or more employees within the same group or division of KeyBank National Association, or where the groups or divisions
responsible for performing the obligations in such capacities have one or more of the same Responsible Officers; provided, however,
the knowledge of employees performing solely special servicing functions shall not be imputed to employees performing solely master
servicing functions, and the knowledge of employees performing solely master servicing functions shall not be imputed to employees
performing solely special servicing functions.

 

3.2.        
Sub-Servicing Agreements. (a)  The Special Servicer shall not engage any Sub-Servicer or enter into any sub-servicing
agreement. The Servicer, at its own expense without a right of reimbursement under this Agreement or otherwise, may enter into
sub-servicing agreements with sub-servicers for the servicing and administration of the Trust Loan and the Companion Loans, provided
that (i) any such sub-servicing agreement shall be upon such terms and conditions as are not inconsistent with this Agreement
and as the Servicer and the sub-servicer have agreed, and (ii) no sub-servicer retained by the Servicer shall grant any modification,
waiver, or amendment to the Mortgage Loan Documents without the approval of the Servicer. References in this Agreement to actions
taken or to be taken, and limitations on actions permitted to be taken, by the Servicer in servicing the Mortgage Loan include
actions taken or to be taken by a sub-servicer on behalf of the Servicer. Each sub-servicer shall be (i) authorized to transact
business and licensed in the applicable state(s), if, and to the extent, required by applicable law to enable the sub-servicer
to perform its obligations under the applicable sub-servicing agreement, and (ii) qualified to perform its obligations under
the applicable sub-servicing agreement. For purposes of this Agreement, the Servicer shall be deemed to have received any amount
when the sub-servicer receives such amount, irrespective of whether such amount is remitted to the Servicer for deposit in the
Collection Account, any Cash Management Account, any Reserve Account or the Distribution Account, and actions taken by the sub-servicer
shall be deemed to be actions of the Servicer. The Servicer shall notify the

 

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Trustee, the Certificate Administrator and the Depositor
in writing promptly upon the appointment of any sub-servicer and promptly furnish the Trustee, upon its request, with a copy of
the sub-servicing agreement. No sub-servicer shall be permitted to enter into any sub-servicing agreement with other sub-servicers
without the prior written consent of the Servicer.

 

(b)          Notwithstanding any sub-servicing agreement, the Servicer shall remain obligated and liable to the Trustee, the Certificateholders
and the VRR Interest Owner for the servicing and administering of the Trust Loan and the Companion Loans in accordance with the
provisions of Section 3.1 without diminution of such obligation or liability by virtue of such sub-servicing agreement,
or by virtue of indemnification from a sub-servicer, and to the same extent and under the same terms and conditions as if the
Servicer alone were servicing and administering the Mortgage Loan.

 

(c)          Any sub-servicing agreement entered into by the Servicer shall provide that it may be assumed or terminated by (i) the Trustee
if the Trustee has assumed the duties of the Servicer or if the Servicer is otherwise terminated pursuant to the terms of this
Agreement, or (ii) a successor Servicer if such successor Servicer has assumed the duties of the Servicer, without cost or
obligation to the Trustee, the successor Servicer, the Trust or the Trust Fund.

 

(d)          Any sub-servicing agreement, and any other transactions or services relating to the Mortgage Loan involving a sub-servicer, shall
be deemed to be between the Servicer and such sub-servicer alone, and the Trustee, the Certificate Administrator, the Depositor,
the Trust, the Certificateholders and the VRR Interest Owner shall not be deemed parties thereto and shall have no claims, rights,
obligations, duties or liabilities with respect to the sub-servicer, and no provision herein shall be construed so as to require
the Trust, the Trustee, the Certificate Administrator, the Special Servicer or the Depositor to indemnify any such sub-servicer.
Notwithstanding anything in this Agreement to the contrary, the Servicer and the Special Servicer are permitted, at their own
expense, or to the extent that a particular expense is provided herein to be an Advance or a Trust Fund Expense, at the expense
of the Trust, to utilize agents or attorneys typically used by servicers of mortgage loans underlying commercial mortgage-backed
securities in performing each of their obligations under this Agreement (including but not limited to inspectors, appraisers,
engineers and property managers).

 

(e)          Notwithstanding anything herein, each of the initial Servicer and the initial Special Servicer may delegate certain of its duties
and obligations hereunder to an Affiliate of the Servicer or Special Servicer, as applicable. Such delegation shall not be considered
a sub-servicing agreement hereunder, and the requirements and obligations set forth herein applicable to sub-servicing agreements,
sub-servicers or Servicing Function Participants shall not be applicable to such arrangement. Notwithstanding any such delegation,
the Servicer and the Special Servicer shall remain obligated and liable for the performance of their respective obligations and
duties under this Agreement in accordance with the provisions hereof to the same extent and under the same terms and conditions
as if each alone were servicing and administering the Mortgage Loan as required hereby.

 

(f)           The parties hereto acknowledge that the Mortgage Loan is subject to the terms and conditions of the Co-Lender Agreement and recognize
the respective rights and obligations of the Trust, as holder of the Trust Loan, and of the Companion Loan Holders under

 

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the Co-Lender
Agreement, including: (i) with respect to the allocation of collections on or in respect of the Mortgage Loan, and the making
of remittances, to the Trust, as holder of the Trust Loan, and to the Companion Loan Holders; (ii) with respect to the allocation
of expenses and losses relating to the Mortgage Loan to the Trust, as holder of the Trust Loan, and to the Companion Loan Holders
and (iii) to the extent provided for under the Co-Lender Agreement, the consultation rights of the Companion Loan Holders.
With respect to the Mortgage Loan, the Servicer (if the Mortgage Loan is not a Specially Serviced Mortgage Loan) or the Special
Servicer (if the Mortgage Loan has become a Specially Serviced Mortgage Loan or the Property has been converted to an Foreclosed
Property) shall prepare and provide to each Companion Loan Holder all notices, reports, statements and communications to
be delivered by the holder of the Trust Loan under the Co-Lender Agreement, and shall perform all duties and obligations to be
performed by a servicer and perform all servicing related duties and obligations to be performed by the holder of the Trust Loan
pursuant to the Co-Lender Agreement. In the event of any conflict between this Agreement and the Co-Lender Agreement, the terms
of the Co-Lender Agreement shall control with respect to the Mortgage Loan.

 

(g)          Notwithstanding anything to the contrary herein, at no time shall the Servicer or the Trustee be required to make any advance
of delinquent scheduled monthly payments of principal or interest with respect to any Companion Loan or any Administrative Advance
with respect to any Companion Loan.

 

(h)          To the extent required under the Mortgage Loan Documents or the Co-Lender Agreement, the Servicer shall, on behalf of the Lender,
maintain a Notes register for the Mortgage Loan.

 

3.3.         Cash Management Account. A Cash Management Account has been established pursuant to the terms of the Mortgage Loan Agreement
and the Cash Management Agreement. The Servicer shall exercise and enforce the rights of the Trust Fund with respect to the Cash
Management Account under the Mortgage Loan Agreement and the Cash Management Agreement in accordance with Accepted Servicing Practices
and the other terms of this Agreement and the other Mortgage Loan Documents.

 

3.4.         Collection Account, Companion Loan Distribution Account and Interest Reserve Account. (a)  The Servicer shall
establish and maintain (i) in the name of “KeyBank National Association, as Servicer, on behalf of Wilmington Trust,
National Association, as Trustee, for the benefit of the holders of COLEM 2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through
Certificates and the related holders of the VRR Interest, Series 2022-HLNE, Collection Account” one or more deposit accounts
on behalf of the Trustee for the benefit of the Certificateholders and the VRR Interest Owner and (ii) in the name of “KeyBank
as Servicer, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the Companion Loan Holders with
respect to COLEM 2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE, Companion Loan Distribution
Account” one deposit account for the benefit of the Companion Loan Holders (the “Companion Loan Distribution Account”),
which may be a subaccount of the Collection Account, and funds in such account shall be remitted to the Companion Loan Holders
(collectively, the “Collection Account”). The Collection Account must be an Eligible Account maintained with
an Eligible Institution. The Servicer shall deposit into the Collection Account within two (2) Business Days

 

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of receipt of properly
identified payments and collections in respect of the Mortgage Loan the following amounts representing payments and collections
received or made during each Collection Period on or with respect to the Mortgage Loan:

 

(i)           all payments on account of principal on the Mortgage Loan;

 

(ii)          all payments on account of interest on the Mortgage Loan, including Default Interest and Yield Maintenance Premiums;

 

(iii)         any amount representing reimbursements by the Borrower of Advances, interest thereon, and any other expenses of the Depositor,
the Trustee, the Certificate Administrator, the Servicer or the Special Servicer, as applicable, as required by the Mortgage Loan
Documents or hereunder;

 

(iv)         any other amounts payable for the benefit of the Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the
Certificateholders or the VRR Interest Owner under the Mortgage Loan;

 

(v)          any amounts required to be deposited pursuant to Section 3.8(b) in connection with net losses realized on Permitted
Investments with respect to funds held in the Collection Account;

 

(vi)         all Net Foreclosure Proceeds received from the Special Servicer pursuant to Section 3.14, all Net Liquidation Proceeds,
Insurance Proceeds and Condemnation Proceeds; and

 

(vii)        any other amounts required by the provisions of this Agreement to be deposited into the Collection Account by the Servicer, including,
without limitation, any (1) proceeds of any repurchase of the Trust Loan (or any Trust Loan Seller Percentage Interest therein)
pursuant to Section 2.7(b) hereof and the Trust Loan Purchase Agreement, (2) proceeds of the sale of the Mortgage
Loan by the Special Servicer pursuant to Section 3.16 hereof or (3) amounts payable under the Mortgage Loan Documents
by any Person to the extent not specifically excluded.

 

The
foregoing requirements for deposits in the Collection Account by the Servicer shall be exclusive, it being understood and agreed
that, without limiting the generality of the foregoing, payments (if any) in the nature of Additional Compensation (other than
Default Interest and late payment charges) to which the Servicer or Special Servicer, as applicable are entitled pursuant to Section 3.17
and any reimbursement made by the Borrower of expenses of the Servicer or the Special Servicer need not be deposited in the
Collection Account by the Servicer or Special Servicer and, to the extent permitted by applicable law, the Servicer or the Special
Servicer, as applicable, shall be entitled to retain any such fees and expense reimbursements received with respect to the Mortgage
Loan.

 

(b)          Funds in the Collection Account may be invested in Permitted Investments in accordance with the provisions of Section 3.8.
The Servicer shall on the Closing Date give written notice to the Certificate Administrator (with a copy to the Borrower) of the
location and

 

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account number of the Collection Account and shall notify the Certificate Administrator in writing (with a copy to
the Borrower) prior to any subsequent change thereof.

 

(c)          On or prior to each Remittance Date, (or following the securitization of any Companion Loan, in the case of clause (x)
below, the earlier of (1) the Remittance Date or (2) the Business Day immediately succeeding the “determination date”
set forth in the related Other Pooling and Servicing Agreement; provided that such “determination date” shall
not be earlier than the Determination Date), prior to the remittance of funds to the Certificate Administrator for deposit in
the Distribution Account pursuant to Section 3.5, the Servicer shall make withdrawals from the Collection Account
(which withdrawals shall be the only permitted withdrawals from the Collection Account by the Servicer) as described below (the
order set forth below not constituting an order of priority for such withdrawals):

 

(i)           to withdraw funds deposited therein in error;

 

(ii)          to reimburse the Trustee (and the trustee with respect to each Other Securitization Trust) and the Servicer (and the master servicer
with respect to each Other Securitization Trust), in that order, out of general collections on the Mortgage Loan for any Nonrecoverable
Advances made by each and not previously reimbursed pursuant to clause (v)(A) below together with unpaid interest
thereon at the Advance Rate as follows: (A) first, to reimburse Nonrecoverable Advances that are Property Protection Advances
relating to the Mortgage Loan and the Property and interest thereon; (B) second, to first reimburse Nonrecoverable Advances that
are Monthly Payment Advances or Companion Loan Advances on the A Notes and interest thereon, on a pro rata and pari
passu basis, then to reimburse Nonrecoverable Advances that are Monthly Payment Advances on the Trust B Notes and interest
thereon, on a pro rata and pari passu basis; (C) third, to reimburse the master servicer with respect to each Other
Securitization Trust for its pro rata share of Nonrecoverable Advances previously paid from general collections on the
related Other Securitization Trust and (D) fourth, to reimburse Nonrecoverable Advances that are Administrative Advances and interest
thereon;

 

(iii)         concurrently, to pay the Servicing Fee to the Servicer, and to pay the Certificate Administrator Fee (including the portion that
is the Trustee Fee) to the Certificate Administrator;

 

(iv)         to pay (a) to the Servicer or the Special Servicer, as applicable, as additional compensation, any income earned (net of losses
(subject to Section 3.8(b))) on the investment of funds deposited in the Collection Account and the Foreclosed Property
Account; and (b) the Special Servicing Fee, if any, the Work-out Fee, if any, and the Liquidation Fee, if any, to the Special
Servicer (with respect to clauses (a) and (b), in that order);

 

(v)          to reimburse the Trustee and the Servicer, in that order, for (A) Advances made by each and not previously reimbursed from
late payments received during the applicable period on the Mortgage Loan, Liquidation Proceeds, Condemnation Proceeds, Insurance
Proceeds and other collections on the Mortgage Loan; provided that

 

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any Advance which has been determined to be a Nonrecoverable
Advance shall be reimbursed pursuant to clause (ii) above and (B) unpaid interest on such Advances at the Advance
Rate; provided, however, that, with respect to Advances that are not deemed to be Nonrecoverable Advances, prior
to (x) final liquidation of the Property or (y) the final payment and release of the Mortgage, interest on such Advances shall
only be paid out of Default Interest or late payment charges collected in the related Collection Period and after (A) final
liquidation of the Property or (B) the final payment and release of the Mortgage, interest on such Advances may be paid out
of other amounts on deposit in the Collection Account to the extent Default Interest and late payment charges are not sufficient
to pay for such interest on Advances;

 

(vi)         to reimburse the Trustee, the Certificate Administrator, the Servicer and the Special Servicer, in that order, for expenses incurred
by them in connection with the liquidation of the Specially Serviced Mortgage Loan or the Liquidated Property, and not otherwise
covered and paid by an insurance policy or deducted from the proceeds of liquidation or not previously reimbursed pursuant to
clauses (ii) or (v) above;

 

(vii)        to pay or reimburse the Depositor, the Trustee, the Certificate Administrator, the Servicer and the Special Servicer in that order,
for any indemnities, expenses and other amounts (including any Trust Fund Expenses) then due and payable or reimbursable to each
pursuant to the terms of this Agreement and not previously paid or reimbursed pursuant to the preceding clauses;

 

(viii)       to the extent not previously paid or advanced, to remit to the Certificate Administrator to pay (or set aside for eventual payment)
any and all taxes imposed on the Trust or the Trust Fund by federal or state governmental authorities, including without limitation
amounts paid pursuant to Section 12.1(k); provided, that, if such taxes are the result of the Depositor’s,
Servicer’s, Special Servicer’s, Certificate Administrator’s or Trustee’s, as applicable, negligence, bad
faith or willful misconduct in performing its obligations hereunder, such amounts may not be withdrawn from the Collection Account,
but shall be paid by such party that was negligent, acted in bad faith or engaged in willful misconduct pursuant to Sections
6.6 and 8.12, as applicable;

 

(ix)          to pay CREFC® the CREFC® Intellectual Property Royalty License Fee (according to the payment instructions
set forth on Exhibit R hereto or such other payment instructions as CREFC® may provide from time to
time in writing at least two Business Days prior to the Remittance Date);

 

(x)           to pay the Companion Loan Holders any portion of such collections that are required to be distributed to the Companion Loan Holders
in respect of the Companion Loans pursuant to the terms of the Co-Lender Agreement;

 

(xi)          remit to the Certificate Administrator for deposit in the Excess Interest Distribution Account an amount equal to the Excess Interest
for the benefit of the Holders of the Sequential Pay Certificates collected on the Trust Loan during the related Collection Period;
and

 

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(xii)         to pay to the Servicer or the Special Servicer, as applicable, as additional compensation, to the extent actually received from
the Borrower (and permitted by (or not otherwise prohibited by) and allocated as such pursuant to the terms of the Mortgage Loan
Documents or this Agreement) and deposited into the Collection Account by the Servicer, any payments in the nature of any late
payment fees and Default Interest (to the extent remaining after payment or reimbursement of any Special Servicing Fees, Liquidation
Fees or Work-out Fees pursuant to clause (iv) above and reimbursement of Advances and interest on Advances pursuant to
clause (v) above), release fees, defeasance fees, Assumption Fees, loan service transaction fees, Assumption Application
Fees, substitution fees, Net Modification Fees, consent fees, amounts collected for checks returned for insufficient funds, charges
for beneficiary statements or demands, review fees, processing fees and similar fees and expenses; provided that such amounts
received during each Collection Period shall not be required to be deposited into the Collection Account and shall be deemed to
have been deposited in the Collection Account and withdrawn pursuant to this clause (vii) solely for the purpose of
determining the Available Funds Reduction Amount in connection with the calculation of the Non-VRR Interest Available Funds and
the VRR ABS Interest Available Funds for the related Distribution Date;

 

provided
that in no event shall the Servicer be permitted to apply any portion of collections that are required to be distributed to
the Companion Loan Holders in respect of the Companion Loans pursuant to the terms of the Co-Lender Agreement to pay or reimburse
any CREFC® Intellectual Property Royalty License Fee, the Certificate Administrator Fee, any Monthly Payment Advance
on the Trust Loan (or interest accrued and payable on such Monthly Payment Advance) or any Trust Fund Expenses that are not related
to the servicing and administration of the Mortgage Loan or the Property.

 

Notwithstanding
the foregoing, with respect to any Remittance Date, in no event shall the Servicer be permitted to make a withdrawal pursuant
to clauses 3.4(c)(iii), (iv)(b), (v), (vi), (vii) or (ix) above if, as a result
of such withdrawal, the amount on deposit in the Collection Account after giving effect to such withdrawal would be less than
the Required Advance Amount; provided that the Servicer shall be permitted to make withdrawals in the order of priority
specified above up to the amount on deposit in the Collection Account that would result in funds equaling or exceeding the Required
Advance Amount remaining in the Collection Account. Notwithstanding the foregoing, such withdrawal limitations shall not apply
(and accrued amounts previously eligible for withdrawal pursuant to clauses 3.4(c)(iii), (iv)(b), (v), (vi),
(vii), (viii) or (ix) but which remain unpaid due to the operation of this paragraph may then be withdrawn
and paid) upon (1) the final liquidation of the Mortgage Loan or the Property, (2) the final payment of the Mortgage
Loan and release of the Mortgage or (3) the determination that any Advance that would increase the currently unreimbursed Advances
in the aggregate such that it would be a Nonrecoverable Advance.

 

The
Servicer shall pay to the Certificate Administrator (on behalf of itself and the Trustee) and advance or pay to the Special Servicer,
if applicable, from the Collection Account, as provided above, amounts permitted to be paid to the Special Servicer, the Certificate
Administrator and the Trustee therefrom, promptly upon receipt of certificates of a Responsible Officer of the Certificate Administrator
or the Trustee or an officer of the Special Servicer

 

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describing the item and amount to which the Special Servicer, the Certificate
Administrator and the Trustee, as the case may be, are entitled unless such payment to the Special Servicer, the Certificate Administrator
or the Trustee, as the case may be, is clearly required pursuant to this Agreement, in which case a written certificate shall
not be required. The Servicer may rely conclusively on any such certificate, shall have no duty to recalculate the amounts stated
therein and shall have no liability if the amount paid in reliance thereon is an amount to which the Special Servicer, the Certificate
Administrator or the Trustee, as applicable, is not entitled.

 

(d)          The Servicer shall withdraw from the Collection Account and, to the extent sufficient funds are on deposit therein, pay the CREFC®
Intellectual Property Royalty License Fee to CREFC® in accordance with Section 3.4(c)(ix) on
a monthly basis, solely from funds on deposit in the Collection Account.

 

(e)          The Certificate Administrator shall establish and maintain a reserve account (which may be a subaccount of the Distribution Account)
(the “Interest Reserve Account”) for the benefit of the Trustee and for the benefit of the Certificateholders
and the VRR Interest Owner. The Interest Reserve Account must be an Eligible Account maintained with an Eligible Institution.
Funds on deposit in the Interest Reserve Account shall be uninvested. On each Distribution Date occurring in any February and
on any Distribution Date occurring in any January which occurs in a year that is not a leap year (unless, in either case, such
Distribution Date is the final Distribution Date), the Certificate Administrator shall deposit into the Interest Reserve Account
an amount equal to one day’s net interest collected on the principal balance of each Trust Note as of the Payment Date occurring
in the month preceding the month in which such Distribution Date occurs at the applicable Trust Note Rate (net of interest at
the Servicing Fee Rate applicable to the Trust Loan, the Certificate Administrator Fee Rate (including the portion that is the
Trustee Fee) and the CREFC® Intellectual Property Royalty License Fee Rate and exclusive of Default Interest allocable
to the Trust Loan payable therefrom) to the extent a full Monthly Payment or Monthly Payment Advance is made in respect thereof
(all amounts so deposited in any consecutive January and February, “Withheld Amounts”). On each Remittance
Date occurring in March (or February, if the related Distribution Date is the final Distribution Date), the Certificate Administrator
shall withdraw from the Interest Reserve Account an amount equal to the Withheld Amounts from the preceding January and February,
if any, and transfer such amounts into the Distribution Account.

 

(f)           The Certificate Administrator shall establish and maintain on behalf of the Trust and for the benefit of the Holders of the Sequential
Pay Certificates, a segregated non-interest bearing reserve account (the “Excess Interest Distribution Account”).
The Excess Interest Distribution Account must be an Eligible Account or a subaccount of an Eligible Account. The Excess Interest
Distribution Account shall be an asset of the Grantor Trust and beneficially owned by the Holders of the Sequential Pay Certificates
and the Class VRRC Certificates and the VRR Interest and shall not be an asset of any Trust REMIC. Funds on deposit in the Excess
Interest Distribution Account shall be uninvested. Upon receipt from the Servicer of such amounts held in the Collection Account,
the Certificate Administrator shall deposit in the Excess Interest Distribution Account any Excess Interest to be distributed
to the Holders of the Sequential Pay Certificates and the Class VRRC Certificates and the VRR Interest.

 

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3.5.         Distribution Account. (a)  The Certificate Administrator shall establish and maintain in the name of “Computershare
Trust Company, National Association”, as Certificate Administrator, on behalf of “Wilmington Trust, National Association”,
as the Trustee, and for the benefit of the holders of COLEM 2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-HLNE, a deposit account (the “Distribution Account”), which shall be deemed to include the Lower-Tier
Distribution Account and the Upper-Tier Distribution Account, which shall be subaccounts of the Distribution Account for the benefit
of the Certificateholders, the VRR Interest Owner and the Trustee, as holder of the Uncertificated Lower-Tier Interests. The Distribution
Account must be an Eligible Account maintained with an Eligible Institution. On each Remittance Date, the Servicer shall transfer
from the Collection Account to the Certificate Administrator for deposit into the Distribution Account all funds remaining on
deposit therein, after giving effect to the withdrawals made pursuant to Section 3.4(c). The Certificate Administrator
shall credit the funds remitted by the Servicer from the Collection Account to the Distribution Account.

 

Amounts
held in the Distribution Account and the Interest Reserve Account shall not be invested.

 

The
Certificate Administrator shall make withdrawals from the Distribution Account to withdraw any amounts deposited in error, to
withdraw amounts due to it under Section 3.4(c), to the extent such amounts were not withdrawn and paid to it by the
Servicer under Section 3.4(c), and then to make distributions to the Holders of the Certificates and the VRR Interest
Owner pursuant to Section 4.1.

 

(b)          The Certificate Administrator shall make or be deemed to have made withdrawals from the Lower-Tier Distribution Account in the
following order of priority and only for the following purposes:

 

(i)           to make deposits of the Lower-Tier Distribution Amount pursuant to Section 4.1(b) and Section 4.3(b) into
the Upper-Tier Distribution Account and to make distributions to the Holder of the Class R Certificates (in respect of the
Class LT-R Interest) pursuant to Section 4.1(b);

 

(ii)          to withdraw amounts deposited in error and pay such amounts to the Persons entitled thereto and to withdraw amounts due to it
and the Trustee under Section 3.4(c), to the extent such amounts were not withdrawn and paid to it by the Servicer
under Section 3.4(c); and

 

(iii)         to clear and terminate the Lower-Tier Distribution Account pursuant to Section 10.1.

 

(c)          
The Certificate Administrator shall make withdrawals from the Upper-Tier Distribution Account in the following order of
priority and only for the following purposes:

 

(i)           to withdraw amounts deposited in error and to withdraw amounts due to it and the Trustee under Section 3.4(c), to
the extent such amounts were not withdrawn and paid to it by the Servicer under Section 3.4(c);

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(ii)          to make distributions to Holders of the Regular Certificates and the Class R Certificates (in respect of the Class UT-R
Interest) and to the VRR Interest Owner on each Distribution Date pursuant to Section 4.1 or Section 10.2
as applicable; and

 

(iii)         to clear and terminate the Upper-Tier Distribution Account at the termination of this Agreement pursuant to Section 10.1.

 

3.6.         Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (the “Foreclosed
Property Account”) in the name of either (a) “KeyBank National Association, as Special Servicer, on behalf of
Wilmington Trust, National Association, as Trustee, for the benefit of the holders of COLEM 2022-HLNE Mortgage Trust, Commercial
Mortgage Pass-Through Certificates, Series 2022-HLNE, the VRR Interest Owner and the Companion Loan Holders, Foreclosed Property
Account” or (b) in the name of the limited liability company formed under Section 3.14 related to the Foreclosed
Property, if any, held in the name of the Special Servicer on behalf of the Trustee for the benefit of the Certificateholders,
the VRR Interest Owner and the Companion Loan Holders. The Foreclosed Property Account must be an Eligible Account maintained
with an Eligible Institution. The Special Servicer shall deposit into the Foreclosed Property Account within two (2) Business
Days of receipt all funds collected and received in connection with the operation or ownership of the Foreclosed Property. On
or before the last day of each Collection Period, the Special Servicer shall withdraw the funds in the Foreclosed Property Account,
net of certain expenses and/or reserves (the amount of such expenses and/or reserves as determined in the Special Servicer’s
reasonable discretion), and deposit them into the Collection Account in accordance with Section 3.4(a). The Special
Servicer shall notify the Certificate Administrator in writing of the location and account number of the Foreclosed Property Account
and shall notify the Certificate Administrator in writing prior to any subsequent change thereof.

 

3.7.         Appraisal Reductions.

 

(a)          Within 60 days after the occurrence of an Appraisal Reduction Event with respect to the Mortgage Loan, the Special Servicer shall
(i) notify the Servicer, the Trustee and the Certificate Administrator and, so long as no Consultation Termination Event has occurred,
the Directing Holder, of such occurrence of an Appraisal Reduction Event, (ii) order (which order shall be placed within 60 days
of the occurrence of the Appraisal Reduction Event) and use efforts consistent with Accepted Servicing Practices to obtain an
Appraisal of the Property owned by the Borrower unless an Appraisal was performed within nine months prior to the Appraisal Reduction
Event and the Special Servicer is not aware of any material change in the market or condition or value of the Property since the
date of such Appraisal, in which case such Appraisal with respect to the Property shall be used by the Special Servicer, (iii)
determine on the basis of the applicable Appraisal, and receipt of information reasonably requested by the Special Servicer from
the Servicer necessary to calculate the Appraisal Reduction Amount whether there exists any Appraisal Reduction Amount and (iv)
allocate the Appraisal Reduction Amount to the Trust Loan and the Companion Loans and give reasonably prompt notice of such Appraisal
Reduction Amount, the Trust Appraisal Reduction Amount and the portion of the Appraisal Reduction Amount allocated to the Companion
Loans to the Companion Loan Holder (or, in the case of a Companion Loan that is part of an Other Securitization Trust, the master

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servicer, special servicer and trustee with respect to such Other Securitization Trust), the Trustee and the Certificate Administrator
(to the extent not already reported to such parties on the CREFC® Reports provided by the Servicer and posted on
the Certificate Administrator’s website). The cost of obtaining such Appraisal shall be paid by the Servicer as a Property
Protection Advance or an Administrative Advance unless it would constitute a Nonrecoverable Advance and in such case, as a Trust
Fund Expense. Updates of such Appraisals shall be obtained by the Special Servicer, and paid for by the Servicer as a Property
Protection Advance or an Administrative Advance (or paid for by the Trust if the Servicer determines that such Advance would constitute
a Nonrecoverable Advance) every nine (9) months for so long as an Appraisal Reduction Event exists, and the Appraisal Reduction
Amount shall be adjusted accordingly. If required in accordance with any such adjustment, each Class of Certificates or the VRR
Interest that has been notionally reduced as a result of the Trust Appraisal Reduction Amount shall have its related Certificate
Balance or VRR Interest Balance notionally restored by the Certificate Administrator or the Trustee to the extent required by
such adjustment of the Trust Appraisal Reduction Amount, and there shall be a redetermination of whether a Control Termination
Event has occurred. Any such Appraisal obtained under this Section shall be delivered by the Special Servicer to the Trustee and
the Certificate Administrator, and, so long as no Consultation Termination Event has occurred, the Directing Holder, in electronic
format, and the Certificate Administrator shall make such Appraisal available to Privileged Persons pursuant to Section 8.14(b).
The Servicer shall provide (via electronic delivery) the Special Servicer with information in its possession that is reasonably
required to calculate or recalculate any Appraisal Reduction Amount pursuant to the definition thereof, using reasonable efforts
to deliver such information within four (4) Business Days of the Special Servicer’s written request (which request shall
be made promptly, but in no event later than ten (10) Business Days, after the Special Servicer’s receipt of the applicable
Appraisal or preparation of the applicable internal valuation) provided, however, that the Special Servicer’s failure
to timely make such a request shall not relieve the Servicer of its obligation to provide such information to the Special Servicer
in the manner and timing set forth in this sentence. Accordingly, the Special Servicer shall not be obligated to calculate, recalculate,
determine or redetermine any Appraisal Reduction Amount until such time as it receives from the Servicer the information reasonably
required by the Special Servicer to make such calculation, recalculation, determination or redetermination. The Servicer shall
not calculate Appraisal Reduction Amounts.

 

(b)          While any Trust Appraisal Reduction Amount (or deemed Trust Appraisal Reduction Amount pursuant to Section 3.7(e))
exists with respect to the Mortgage Loan, (i) the amount of any Monthly Payment Advances shall be reduced as provided in
Section 3.23(a), and (ii) the existence thereof (other than any deemed Trust Appraisal Reduction Amount) will
be taken into account for purposes of determining the Voting Rights of certain Classes of Certificates as provided in Section 3.7(c) and (iii) except with respect to any deemed Appraisal Reduction Amount, there shall be a determination of whether a Control
Termination Event has occurred and is continuing.

 

(c)          The Certificate Balance of each Class of Sequential Pay Certificates and the VRR Interest Balance of each VRR ABS Interest shall
be notionally reduced solely for purposes of determining (x) the Voting Rights of the related Classes to the extent set forth
in this Agreement and (y) whether a Control Termination Event has occurred and is continuing or a Consultation Termination Event
has occurred to the extent of any Trust Appraisal Reduction 

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Amount (other than any deemed Trust Appraisal Reduction Amount) allocated
to such Class or VRR ABS Interest on such Distribution Date. Trust Appraisal Reduction Amounts will be allocated between the VRR
ABS Interests, on the one hand, and the Non-VRRC Certificates, on the other hand, based upon the VRR Percentage and the Non-VRR
Percentage, respectively. The Non-VRR Percentage of any Trust Appraisal Reduction Amount for any Distribution Date allocated to
the Non-VRRC Certificates shall be applied to notionally reduce the Certificate Balances of the Sequential Pay Certificates in
the following order of priority: first, to the Class E Certificates; second, to the Class D Certificates;
third, to the Class C Certificates, fourth, to the Class B Certificates; and fifth, to the Class
A Certificates.

 

(d)          In the event that a portion of one or more Monthly Payment Advances with respect to the Trust Loan is reduced as a result of an
Appraisal Reduction Event, the amount of the Net Liquidation Proceeds to be applied to interest on the Trust Loan shall be reduced
by the aggregate amount of such reductions and the portion of such Net Liquidation Proceeds to be applied to principal of the
Trust Loan shall be increased by such amount, and if the amounts of the Net Liquidation Proceeds to be applied to principal of
the Trust Loan have been applied to pay the principal of the Trust Loan in full, any remaining Net Liquidation Proceeds shall
then be applied to pay any remaining accrued and unpaid interest on the Trust Loan in accordance with Section 1.3.

 

(e)          If (i) an Appraisal Reduction Event has occurred, (ii) either (A) no Appraisals or updates of any Appraisals have been obtained
or conducted with respect to the Property or Foreclosed Property, as the case may be, during the nine-month period prior to the
date of such Appraisal Reduction Event or (B) the Special Servicer is aware of any material change in the circumstances surrounding
the Property or Foreclosed Property, as the case may be, has occurred since the date of the most recent Appraisal that would materially
adversely affect the value of the Property or Foreclosed Property, as the case may be, and (iii) no new Appraisal has been obtained
or conducted for the Property or Foreclosed Property, as the case may be, within 60 days after the Appraisal Reduction Event has
occurred, then (x) until each new Appraisal is delivered, the Appraisal Reduction Amount for the Property shall be deemed to be
equal to 25% of the outstanding principal balance of the Mortgage Loan and (y) upon receipt of the new Appraisal by the Special
Servicer, the Appraisal Reduction Amount for that Property or Foreclosed Property, as the case may be, shall be recalculated in
accordance with the definition of Appraisal Reduction Amount. Notwithstanding the foregoing, a Trust Appraisal Reduction Amount
deemed pursuant to the clause (x) of the preceding sentence shall not be allocated to any Class of Certificates for purposes of
(1) determining whether a Control Termination Event has occurred and is continuing or (2) allocating Voting Rights.

 

(f)           With respect to any Appraisal Reduction Amount calculated for purposes of determining an Appraisal Reduction Event, the appraised
value (as determined by an updated Appraisal) of the Property securing the Mortgage Loan will be determined on an “as-is”
basis, based upon the current physical condition, use and zoning of the Property as of the date of the Appraisal.

 

If
the Certificate Balance of any Controlling Class Certificates (taking into account the application of any Trust Appraisal Reduction
Amounts (other than any deemed Trust Appraisal Reduction Amount pursuant to Section 3.7(e)) to notionally reduce the Certificate

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Balance of such Class) has been reduced to less than 25% of its initial Certificate Balance, such Class will be referred to as
the “Appraised-Out Class”. The Holders of the majority (by Certificate Balance) of the Appraised-Out Class
shall have the right, at their sole expense, to require the Special Servicer to order a second Appraisal of the Property (such
Holders, the “Requesting Holders”). The Special Servicer shall use commercially reasonable efforts to ensure
that such Appraisal is delivered within 60 days from receipt of the Requesting Holders’ written request and shall ensure
that such Appraisal is prepared by an Independent Appraiser.

 

In
addition, if subsequent to such Controlling Class Certificates becoming an Appraised-Out Class there is a material change with
respect to the Property related to the Appraisal Reduction Amounts that caused such Class to become an Appraised-Out Class, the
Requesting Holders shall have the right to request, in writing, that the Special Servicer obtain an additional Appraisal, which
request shall set forth their belief of what constitutes a material change to the Property (including any related documentation).
The costs of obtaining such additional Appraisal shall be paid by the Requesting Holders. Subject to the Special Servicer’s
confirmation, determined in accordance with Accepted Servicing Practices, that there has been a change with respect to the Property
and such change was material, the Special Servicer shall order another Appraisal from an Independent Appraiser, the identity of
which shall be determined by the Special Servicer in accordance with Accepted Servicing Practices (provided that such Independent
Appraiser may not be the same Independent Appraiser that provided the Appraisal in respect of which the Requesting Holders are
requesting the Special Servicer to obtain an additional Appraisal), and shall recalculate such Appraisal Reduction Amount and
the Trust Appraisal Reduction Amount based upon such second Appraisal. If required by any such recalculation, the Appraised-Out
Class shall be reinstated as the Controlling Class. Appraisals that are permitted to be requested by any Appraised-Out Class shall
be in addition to any Appraisals that the Special Servicer may otherwise be required to obtain in accordance with Accepted Servicing
Practices upon the occurrence of such material change or that the Special Servicer is otherwise required or permitted to order
under this Agreement without regard to any Appraisal requests made by any Requesting Holder.

 

Upon
receipt of any supplemental Appraisal pursuant to the two preceding paragraphs, the Special Servicer shall recalculate the Appraisal
Reduction Amount and the Trust Appraisal Reduction Amount based upon such second Appraisal. If required by any such recalculation,
the Appraised-Out Class shall be reinstated as the Controlling Class and the Appraised-Out Class shall have its Certificate Balance
notionally restored to the extent required by such recalculation of the Appraisal Reduction Amount and the Trust Appraisal Reduction
Amount.

 

Any
Appraised-Out Class for which the Requesting Holders are challenging the Special Servicer’s Appraisal Reduction Amounts
determination may not exercise any rights of the Controlling Class until such time, if any, as such Class is reinstated as the
Controlling Class.

 

3.8.         Investment of Funds in the Collection Account and The Foreclosed Property Account. (a)  The Servicer, with respect
to the Collection Account and the Reserve Accounts, and the Special Servicer, with respect to the Foreclosed Property Account,
may direct any depository institution maintaining the Collection Account, the Foreclosed Property Account and any Reserve Account
(to the extent interest is not payable to the Borrower under applicable 

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law or the Mortgage Loan Documents), respectively (each,
for purposes of this Section 3.8, an “Investment Account”), to invest the funds in such Investment
Account in one or more Permitted Investments that bear interest or are sold at a discount, and that mature, unless payable on
demand, no later than the Business Day preceding the date on which such funds are required to be withdrawn from such Investment
Account pursuant to this Agreement. Any direction by the Servicer or Special Servicer, as applicable, to invest funds on deposit
in an Investment Account shall be in writing and shall certify that the requested investment is a Permitted Investment which matures
at or prior to the time required hereby or is payable on demand. All such Permitted Investments shall be held to maturity, unless
payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trustee (in its capacity
as such) or in the name of a nominee of the Trustee. The Trustee shall have sole control (except with respect to investment direction,
which shall be in the control of the Servicer (or the Special Servicer, with respect to the Foreclosed Property Account) as an
independent contractor to the Trust Fund) over each such investment and any certificate or other instrument evidencing any such
investment shall be delivered directly to the Trustee or its agent (which shall initially be the Servicer or Special Servicer,
as applicable), together with any document of transfer, if any, necessary to transfer title to such investment to the Trustee
or its nominee. The Trustee and the Certificate Administrator shall have no responsibility or liability with respect to the investment
directions of the Servicer or Special Servicer or any losses resulting therefrom, whether from Permitted Investments or otherwise.
In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand,
the Servicer and Special Servicer, as applicable, shall:

 

(i)           consistent with any notice required to be given thereunder, demand that payment thereon be made on the last day such Permitted
Investment may otherwise mature hereunder in an amount equal to the lesser of (1) all amounts then payable thereunder and
(2) the amount required to be withdrawn on such date; and

 

(ii)          demand payment of all amounts due thereunder promptly upon determination by the Servicer or Special Servicer, as applicable, that
such Permitted Investment would not constitute a Permitted Investment in respect of funds thereafter on deposit in the related
Investment Account.

 

(b)          All net income and gain realized from investment of funds deposited in the Collection Account and the Reserve Accounts (to the
extent not payable to the Borrower under applicable law or the Mortgage Loan Documents) shall be for the benefit of the Servicer
in accordance with the terms and priorities of this Agreement. All net income and gain realized from investment of funds deposited
in the Foreclosed Property Account shall be for the benefit of the Special Servicer. Any net losses on funds in the Collection
Account, the Reserve Accounts (except, in the case of any such loss with respect to a Reserve Account, to the extent any such
losses are incurred on amounts invested for the benefit of the Borrower under the terms of the Mortgage Loan Documents) or the
Foreclosed Property Account shall be reimbursed by the Servicer or the Special Servicer, as applicable, from its own funds promptly,
but in any event on or prior to the Remittance Date following the realization of such loss. Notwithstanding the above, neither
the Servicer nor the Special Servicer shall be required to deposit any loss on an investment of funds in an Investment Account
if such loss (i) was incurred solely as a result of the insolvency of the federal or state chartered depository institution
or trust company that holds 

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such Investment Account, so long as such depository institution or trust company satisfied the qualifications
set forth in the definition of “Eligible Institution” included in Section 1.1 at the time such investment
was made, (ii) such loss was incurred within thirty (30) days of the date of such insolvency, (iii) such loss is not
the result of fraud, negligence or the willful misconduct of the Servicer or the Special Servicer, as applicable and (iv) and
such institution was not an Affiliate of the Servicer, Special Servicer, the Certificate Administrator or Trustee, as applicable.

 

(c)          Except as otherwise expressly provided in this Agreement, if any default occurs in the making of a payment due under any Permitted
Investment, or if a default occurs in any other performance required under any Permitted Investment, the Servicer shall take such
action as may be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate
proceedings. In the event the Servicer takes any such action, the Trust Fund shall pay or reimburse the Servicer, pursuant to
Section 3.4(c), for all reasonable out-of-pocket expenses, disbursements and advances incurred or made by the Servicer
in connection therewith.

 

(d)          For the avoidance of doubt, the Collection Account, the Foreclosed Property Account, the Interest Reserve Account and the Lower-Tier
Distribution Account (including interest, if any, earned on the investment of funds in such accounts) will be owned by the Lower-Tier
REMIC, and the Upper-Tier Distribution Account (including interest, if any, earned on the investment of funds in such account)
will be owned by the Upper-Tier REMIC, each for federal income tax purposes.

 

3.9.         Payment of Taxes, Assessments, etc. The Servicer (other than with respect to the Foreclosed Property) and the Special Servicer
(with respect to the Foreclosed Property) shall maintain, accurate records with respect to the Property (or the Foreclosed Property,
as the case may be) reflecting the status of taxes, assessments, charges and other similar items that are or may become a lien
on the Property (or the Foreclosed Property, as the case may be) and the status of insurance premiums payable in respect of insurance
policies required to be maintained pursuant to Section 3.11 hereof. The Servicer shall obtain, from time to time,
all bills for the payment of such items (including renewal premiums). The Servicer shall pay real estate taxes, insurance premiums
and other similar items from funds in the applicable Reserve Account in accordance with the Mortgage Loan Agreement at such time
as may be required by the Mortgage Loan Documents. If the Borrower does not make the necessary payments and/or a Mortgage Loan
Event of Default has occurred and amounts in the applicable Reserve Account are insufficient to make such payments, the Servicer
shall make a Property Protection Advance, subject to the determination of non-recoverability provided in Section 3.23,
from its own funds for amounts payable with respect to all such items related to the Property when and as the same shall become
due and payable. The Servicer shall ensure that the amount of funds in the applicable Reserve Account is increased when and if
applicable taxes, assessments, charges and other similar items, ground rents or insurance premiums are increased, in accordance
with the terms of the Mortgage Loan Agreement.

 

3.10.       
Appointment of Special Servicer. (a) KeyBank National Association is hereby appointed as the initial Special Servicer
to service the Mortgage Loan while a Special Servicing Loan Event has occurred and is continuing and perform the other obligations
of the Special Servicer hereunder.

 

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(b)          If there is a Special Servicer Termination Event with respect to any Special Servicer, such Special Servicer may be removed and
replaced pursuant to Sections 7.1 and 7.2. The Trustee or the Certificate Administrator, as applicable, shall,
promptly after receiving notice of any such Special Servicer Termination Event notify the Servicer, the Trustee (in the case of
the Certificate Administrator), the Companion Loan Holders, the Certificate Administrator (which shall post such notice on the
Certificate Administrator’s Website in accordance with Section 8.14(b)) and the 17g-5 Information Provider (which
shall post such notice on the 17g-5 Information Provider’s Website in accordance with Section 8.14(b)). The
appointment of any such successor Special Servicer shall not relieve the Servicer or the Trustee of their respective obligations
to make Advances as set forth herein; provided, however, the initial Special Servicer specified above shall not
be liable for any actions or any inaction of such successor Special Servicer. No termination fee shall be payable to the terminated
Special Servicer. No termination of the Special Servicer and appointment of a successor Special Servicer shall be effective until
the successor Special Servicer has assumed all of its responsibilities, duties and liabilities hereunder in writing and a Rating
Agency Confirmation with respect to such appointment has been delivered to the Trustee and the Certificate Administrator and their
respective counterparts with respect to each Other Securitization Trust. Any successor Special Servicer shall be deemed to make
the representations and warranties provided for in Section 2.5 mutatis mutandis as of the date of its succession.
The terminated Special Servicer shall retain all rights accruing to it under this Agreement, including the right to receive fees
accrued prior to its termination and other amounts payable to it (including indemnification payments).

 

(c)          Upon determining that a Special Servicing Loan Event has occurred and is continuing with respect to the Mortgage Loan, the Servicer
shall promptly give notice thereof to each other party hereto and the Servicer shall use efforts consistent with Accepted Servicing
Practices to provide the Special Servicer with all information, documents (but excluding the original documents constituting the
Mortgage File) and records (including records stored electronically on computer tapes, magnetic discs and the like) relating to
the Mortgage Loan and reasonably requested by the Special Servicer to enable it to assume its duties hereunder with respect thereto.
The Servicer shall use its reasonable efforts to comply with the preceding sentence within five (5) Business Days of the date
that a Special Servicing Loan Event has occurred. The Servicer in any event shall continue to act as Servicer and administrator
of the Mortgage Loan until the Special Servicer has commenced the servicing of the Mortgage Loan, which shall occur upon the receipt
by the Special Servicer of the information, documents and records referred to in the preceding sentence. The Special Servicer
shall instruct the Borrower to continue to remit all payments in respect of the Mortgage Loan to the Servicer. The Servicer shall
forward any notices it would otherwise send to the Borrower under the Mortgage Loan to the Special Servicer who shall send such
notice to the Borrower while a Special Servicing Loan Event has occurred and is continuing.

 

(d)          Upon determining that a Special Servicing Loan Event is no longer continuing with respect to the Mortgage Loan, the Servicer or
the Special Servicer, as applicable, shall promptly give notice thereof to the Companion Loan Holders and each other party hereto,
and upon giving such notice such Special Servicing Loan Event shall cease, the Special Servicer’s obligation to service
the Mortgage Loan shall terminate and the obligations of the Servicer to service and administer the Mortgage Loan shall resume
and the Special Servicer shall 

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return all of the information and materials furnished to the Special Servicer pursuant to Section 3.10(c)
to the Servicer.

 

(e)          In
making a Major Decision or in servicing the Mortgage Loan during the continuance of a Special Servicing Loan Event, the Special
Servicer shall provide to the Custodian originals of documents entered into in connection therewith that are required to be included
within the definition of “Mortgage File” for inclusion in the Mortgage File (to the extent such documents are in the
possession of the Special Servicer) and copies of any additional related Mortgage Loan information, including correspondence with
the Borrower, and the Special Servicer shall promptly provide copies of all of the foregoing to the Servicer as well as copies
of any analysis or internal review prepared by or for the benefit of the Special Servicer; provided that, such materials
shall not include any Privileged Information.

 

(f)           During any period in which a Special Servicing Loan Event is continuing, not later than 4:00 p.m. (New York Time) on each Determination
Date, the Special Servicer shall deliver to the Servicer, to the extent not included in the CREFC® Special Servicer
Loan File, a written statement describing (i) the amount of all payments on account of interest received on the Mortgage
Loan, the amount of all payments on account of principal received on the Mortgage Loan, the amount of Insurance Proceeds, Condemnation
Proceeds and Net Liquidation Proceeds received, the amount of any Foreclosure Proceeds received with respect to the Property,
and the amount of net income or net loss, as determined from management of a trade or business on, the furnishing or rendering
of a non-customary service to the tenants of, or the receipt of any rental income that does not constitute Rents from Real Property
with respect to, the Foreclosed Property, in each case in accordance with Section 12.2 and (ii) such additional
information relating to the Mortgage Loan as the Servicer or Certificate Administrator reasonably requests to enable it to perform
its duties under this Agreement.

 

(g)          [Reserved].

 

(h)          Notwithstanding the provisions of the preceding subsection (c), the Servicer shall maintain ongoing payment records
with respect to the Mortgage Loan and shall provide the Special Servicer with any information reasonably required by the Special
Servicer to perform its duties under this Agreement.

 

(i)           Within sixty (60) days after a Special Servicing Loan Event occurs (the “Initial Delivery Date”), the Special
Servicer shall prepare a report (the “Asset Status Report”) for the Mortgage Loan and the Property to and will
be required to amend, update or create a new Asset Status Report to the extent that during the course of the resolution of the
Mortgage Loan material changes in the circumstances and/or strategy reflected in any current Final Asset Status Report are necessary
to reflect the then current circumstances and recommendation as to how the Specially Serviced Mortgage Loan might be returned
to performing status or otherwise liquidated in accordance with Accepted Servicing Practices (each such report a “Subsequent
Asset Status Report”). Each Final Asset Status Report will be required to be delivered in electronic form to the Servicer,
each Risk Retention Consultation Party, the Directing Holder (but only so long as no Consultation Termination Event has occurred),
the 17g-5 Information Provider in accordance with Section 8.14(b) (who shall promptly post it to the 17g-5 Information
Provider’s Website pursuant to Section 8.14(b)) and the Companion Loan Holders. Such Asset

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 Status Report shall
set forth the following information (other than Privileged Information) to the extent reasonably determinable:

 

(i)           summary of the status of the Mortgage Loan and any negotiations with the Borrower;

 

(ii)          a discussion of the legal and environmental considerations reasonably known at such time to the Special Servicer, consistent with
Accepted Servicing Practices, that are applicable to the exercise of remedies as aforesaid and to the enforcement of any related
guaranties or other collateral for the Mortgage Loan and whether outside legal counsel has been retained;

 

(iii)         the most current rent roll and income or operating statement available for the Property;

 

(iv)         the Special Servicer’s recommendations on how the Mortgage Loan might be returned to performing status and returned to the
Servicer for regular servicing or otherwise realized upon;

 

(v)          the appraised value of the Property together with the Appraisal or the assumptions used in the calculation thereof;

 

(vi)         the status of any foreclosure actions or other proceedings undertaken with respect thereto, any proposed workouts with respect
thereto and the status of any negotiations with respect to such workouts, and an assessment of the likelihood of additional Mortgage
Loan Events of Default;

 

(vii)        a description of any proposed amendment, modification or waiver of a material term of any ground lease;

 

(viii)       a description of any proposed actions;

 

(ix)         the alternative courses of action considered by the Special Servicer in connection with the proposed actions;

 

(x)          the decision that the Special Servicer intends or proposes to make, including a narrative analysis setting forth the Special Servicer’s
rationale for its proposed decision, including its rejection of the alternatives; and an analysis of whether or not taking such
action is reasonably likely to produce a greater recovery on a net present value basis than not taking such action, setting forth
(x) the basis on which the Special Servicer made such determination and (y) the net present value calculation (including
the applicable discount rate used) and all related assumptions;

 

(xi)         a summary of the status of any action that was described in the most recent prior Asset Status Report and subsequently effected
by the Special Servicer, excluding any Privileged Information; and

 

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(xii)        such other information as the Special Servicer deems relevant in light of the proposed action and Accepted Servicing Practices.

 

(j)           The Special Servicer shall (x) deliver to the 17g-5 Information Provider (who shall post on the 17g-5 Information Provider’s
Website pursuant to Section 8.14(b)) the Final Asset Status Report, (y) deliver to the Certificate Administrator a
proposed notice to Certificateholders and the VRR Interest Owner that will include a summary of the Final Asset Status Report
in an electronic format, which format is reasonably acceptable to the Certificate Administrator (which will be a brief summary
of the current status of the Property and current strategy with respect to the resolution and workout of the Mortgage Loan), and
the Certificate Administrator shall post such summary (but not the Final Asset Status Report itself) on the Certificate Administrator’s
Website pursuant to Section 8.14(b) and (z) implement the Final Asset Status Report in the form delivered to the 17g-5
Information Provider. Subject to the consent and consultation rights of the Directing Holder described in Section 3.10(i),
the Special Servicer may, from time to time, modify any Final Asset Status Report it has previously delivered. Upon such modification,
the Special Servicer shall prepare an updated summary and deliver the updated summary to the Certificate Administrator and deliver
the modified Final Asset Status Report to the 17g-5 Information Provider. The 17g-5 Information Provider and the Certificate Administrator
shall post such modified Final Asset Status Report on the 17g-5 Information Provider’s Website pursuant to Section 8.14(b),
and the Certificate Administrator shall post such summary on the Certificate Administrator’s Website. In no event, however,
will the Special Servicer be required to deliver a summary of any interim or draft Asset Status Report.

 

Subject
to Section 9.5(b), the Special Servicer shall consult with the Risk Retention Consultation Parties on a non-binding basis
(telephonically or electronically) and propose alternative courses of action and provide other feedback in respect of any Asset
Status Report. The Special Servicer may choose to revise the Asset Status Report as it deems reasonably necessary in accordance
with Accepted Servicing Practices to take into account any input and/or recommendations of the Risk Retention Consultation Parties,
but is under no obligation to follow any particular recommendation of any Risk Retention Consultation Party.

 

Subject
to the last paragraph of Section 9.3(a), prior to the occurrence and continuance of a Control Termination Event, if the
Directing Holder does not disapprove an Asset Status Report within ten (10) Business Days, in writing, the Special Servicer shall
implement the recommended action as outlined in the Asset Status Report. In addition, so long as no Control Termination Event
has occurred or is continuing, the Directing Holder may object to any Asset Status Report within ten (10) Business Days of receipt
and provided that the Special Servicer has not made the determination described below, the Special Servicer shall revise such
Asset Status Report and deliver a new Asset Status Report as soon as practicable, but in no event later than thirty (30) days
after such disapproval, to the Directing Holder, the Servicer, the Trustee, the Certificate Administrator, the Companion Loan
Holders and the 17g-5 Information Provider (which shall promptly post such revised Asset Status Report on the 17g-5 Information
Provider’s Website in accordance with Section 8.14(b)). Prior to the occurrence and continuance of a Control Termination
Event, the Special Servicer shall revise such Asset Status Report as described above in Section 3.10(i) until the Directing
Holder shall fail to disapprove such revised Asset Status Report in writing within ten (10) Business Days of receiving such revised
Asset 

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Status Report, until the Directing Holder’s approval is no longer required or until the Special Servicer makes the
determination described below. Notwithstanding the foregoing, the Special Servicer (A) may, following the occurrence of an
extraordinary event with respect to the Property or the Mortgage Loan, or if a failure to take any such action at such time would
be inconsistent with Accepted Servicing Practices, the Special Servicer may take any such actions with respect to the Property
or the Mortgage Loan before the expiration of a ten (10) Business Day period and (B) shall implement the recommended action
as outlined in the Asset Status Report, in each case if it makes a determination in accordance with Accepted Servicing Practices
the objection is not in the best interest of all the Certificateholders; provided, however, that, if the Directing
Holder does not approve or is not deemed to have approved an Asset Status Report within ninety (90) days from the first submission
of an Asset Status Report, then the Special Servicer and the Directing Holder shall use reasonable efforts to negotiate a mutually
agreeable Asset Status Report during the next thirty (30) days, and if they are unable to reach an agreement within such 30-day
period, the Special Servicer shall take the action recommended in its most recently submitted Asset Status Report; provided,
further, that such Asset Status Report is not intended to replace or satisfy any other specific consent or approval right
that the Directing Holder may have pursuant to Section 9.3.

 

In
connection with the approval or consultation rights of the Directing Holder with respect to any Asset Status Report, if the Special
Servicer determines that any action recommended in an Asset Status Report is necessary to protect the Property or the interests
of the Certificateholders and the VRR Interest Owner from potential harm if such action is not taken, or if a failure to take
any such action at such time would be inconsistent with Accepted Servicing Practices, the Special Servicer may take actions with
respect to the Property before the expiration of the 10 Business Day period if the Special Servicer reasonably determines in accordance
with Accepted Servicing Practices that failure to take such actions before the expiration of the 10 Business Day period would
materially adversely affect the interest of the Certificateholders or the VRR Interest Owner, and the Special Servicer has made
a reasonable effort to contact the Directing Holder.

 

The
Special Servicer shall deliver to the Servicer, the Directing Holder (after the occurrence and during the continuance of a Control
Termination Event but so long as no Consultation Termination Event is continuing) and the 17g-5 Information Provider (which shall
promptly post the same to the 17g-5 Information Provider’s Website) a copy of each Final Asset Status Report, in each case
with reasonable promptness following the adoption thereof. The Special Servicer shall provide a summary of such report to the
Certificate Administrator, and the Certificate Administrator shall post such summary to its website. During the continuance of
a Consultation Termination Event, the Directing Holder (other than in its capacity as a Certificateholder) shall have no right
to receive any Asset Status Report or otherwise consult with the Special Servicer with respect to any matter set forth therein.

 

After
the occurrence and during the continuance of a Control Termination Event but so long as no Consultation Termination Event has
occurred, the Directing Holder shall be entitled to consult with the Special Servicer (in person or remotely via electronic, telephonic
or other mutually agreeable communication) (on a non-binding basis) and propose alternative courses of action and provide other
feedback in respect of any Asset Status Report. After the occurrence of a Consultation Termination Event, the Directing Holder
shall have no right to 

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consult with the Special Servicer with respect to the Asset Status Reports. The Special Servicer may choose
to revise the Asset Status Reports as it deems reasonably necessary in accordance with Accepted Servicing Practices to take into
account any input and/or recommendations of the Directing Holder, but is under no obligation to follow any particular recommendation
of the Directing Holder during the continuance of a Control Termination Event. The consent or consultation process with the Directing
Holder and any revisions to the Asset Status Report made by the Special Servicer in response to such consultation described in
this Section 3.10(j) are collectively referred to as the “Directing Holder Asset Status Report Approval Process”.

 

Notwithstanding
anything herein to the contrary the Special Servicer shall have no right or obligation to consult with or to seek and/or obtain
consent, approval or direction from any Directing Holder prior to or after acting or making any determination (and provisions
of this Agreement requiring such consultation, consent or approval shall be of no effect) during the period following any resignation
or removal of a Directing Holder and before a replacement is selected and/or identified. In addition, notwithstanding anything
herein to the contrary, neither the Servicer nor the Special Servicer will be permitted to follow any objection, advice, direction
or consultation provided by the Directing Holder, a Risk Retention Consultation Party, the Controlling Class Certificateholders
or any other Person that would require or cause the Servicer or Special Servicer, as applicable, to violate any applicable law,
be inconsistent with the Accepted Servicing Practices, require or cause the Servicer or Special Servicer, as applicable, to violate
provisions of this Agreement or the Co-Lender Agreement, require or cause the Servicer or Special Servicer, as applicable, to
violate the terms of the Mortgage Loan Documents or the Co-Lender Agreement, expose the Trust, any Certificateholder, the VRR
Interest Owner or any party to this Agreement or their Affiliates, members, managers, officers, directors, employees or agents
to any claim, suit or liability, result in the imposition of a tax upon the Trust (other than a tax on net income from foreclosure
property) or result in an Adverse REMIC Event, or materially expand the scope of the Servicer’s, Special Servicer’s,
Trustee’s or Certificate Administrator’s responsibilities under this Agreement.

 

(k)          The Servicer and the Special Servicer shall comply with applicable law, the Accepted Servicing Practices, this Agreement, the
Co-Lender Agreement and the Mortgage Loan Documents.

 

(l)           During the continuance of a Special Servicing Loan Event, the Special Servicer shall have the authority to meet with the Borrower
and, subject to the rights of the Directing Holder (so long as no Consultation Termination Event is continuing) and take any actions
consistent with Section 3.24, Accepted Servicing Practices and the most recent Final Asset Status Report.

 

(m)         Upon request of any Certificateholder (or any Beneficial Owner, if applicable), which shall have provided the Certificate Administrator
with an Investor Certification in the form of Exhibit K-1, the Certificate Administrator shall mail, without charge,
to the address specified in such request a copy of the most current Final Asset Status Report, only to the extent the Certificate
Administrator has the Final Asset Status Report.

 

(n)          In addition, during the continuance of a Special Servicing Loan Event, not later than 4:00 p.m. (New York time) on each Determination
Date the Special Servicer shall 

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prepare and deliver to the Servicer the CREFC® Special Servicer Loan File with
respect to the Mortgage Loan.

 

(o)          The Special Servicer shall be required to deliver to the Servicer such reports and other information as the Servicer needs in
its sole discretion (subject to Accepted Servicing Practices) to perform its obligations under this Agreement. In no event, however,
shall the Special Servicer be required to deliver a summary of any interim or draft Asset Status Report.

 

3.11.       Maintenance of Insurance and Errors and Omissions and Fidelity Coverage. (a)  The Servicer, consistent with Accepted
Servicing Practices and the Mortgage Loan Documents, shall use efforts consistent with Accepted Servicing Practices to cause to
be maintained by the Borrower (or if the Borrower fails to maintain such insurance in accordance with the Mortgage Loan Documents,
the Servicer shall cause to be maintained to the extent such insurance is available at commercially reasonable rates, and to the
extent the Trustee, as mortgagee, has an insurable interest) insurance with respect to the Property of the types and in the amounts
required to be maintained by the Borrower under the Mortgage Loan Documents and to monitor the Borrower’s compliance with
such insurance requirements. The cost of any such insurance maintained by the Servicer shall be advanced by the Servicer, as a
Property Protection Advance unless it would be a Nonrecoverable Advance. Neither the Servicer nor the Special Servicer shall be
required to maintain, and shall not cause the Borrower to be in default with respect to the failure of the Borrower to obtain,
all-risk casualty insurance which does not contain any carve-out for terrorist or similar acts, if and only if the Special Servicer
has determined, on an annual basis, that such failure is an Acceptable Insurance Default. Neither the Servicer nor the Special
Servicer shall be required to obtain terrorism insurance pursuant to this Agreement to the extent the Borrower would not be obligated
to maintain terrorism insurance under the Mortgage Loan Documents as in effect on the date thereof.

 

(b)          The Special Servicer, consistent with Accepted Servicing Practices and the Mortgage Loan Documents, shall cause to be maintained
such insurance (including environmental insurance) with respect to the Foreclosed Property as the Borrower is required to maintain
with respect to the Property referred to in subsection (a) of this Section or, at the Special Servicer’s
election, coverage satisfying insurance requirements consistent with Accepted Servicing Practices. The cost of any such insurance
with respect to the Foreclosed Property shall be payable out of amounts on deposit in the Foreclosed Property Account or shall
be advanced by the Servicer as a Property Protection Advance unless such Advance would be a Nonrecoverable Advance. Any such insurance
(other than terrorism insurance, which shall be maintained to the extent required under subsection (a)) that is required
to be maintained with respect to the Foreclosed Property shall only be so required to the extent such insurance is available at
commercially reasonable rates and the Trust has an insurable interest in the Foreclosed Property. If the Special Servicer requests
the Servicer to make a Property Protection Advance in respect of the premiums due in respect of such insurance, the Servicer shall,
as soon as practicable after receipt of such request, make such Property Protection Advance unless such Advance would be a Nonrecoverable
Advance, and if the Servicer does not make such Advance, the Trustee (within 5 Business Days of its receipt of notice of the Servicer’s
failure to make such Advance) shall make an Advance of the premiums to maintain such insurance; provided that, in each
such case, such obligations shall be subject to the provisions of this Agreement concerning 

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Nonrecoverable Advances, the Trustee
as mortgagee having an insurable interest and the availability of such insurance at commercially reasonable rates.

 

(c)          The Servicer or the Special Servicer, as applicable, may satisfy its obligations to cause insurance policies to be maintained
by maintaining a master force placed or blanket insurance policy insuring against losses on the Property or Foreclosed Property,
as the case may be for which coverage is otherwise required to be maintained as set forth in the preceding subsections of this
Section 3.11. The incremental cost of such insurance allocable to the Property or Foreclosed Property, if not borne
by the Borrower, shall be paid by the Servicer as a Property Protection Advance unless it would be a Nonrecoverable Advance. If
such master force placed or blanket insurance policy contains a deductible clause, the Servicer or the Special Servicer, as applicable,
shall be obligated to deposit in the Collection Account out of its own funds all sums that would have been deposited therein but
for such clause to the extent any such deductible exceeds the deductible limitation that pertained to the Mortgage Loan, or in
the absence of any such deductible limitation, the deductible limitation that is consistent with Accepted Servicing Practices.

 

(d)          Each of the Servicer and the Special Servicer shall obtain and maintain at its own expense, and keep in full force and effect
throughout the term of this Agreement, a blanket fidelity bond and an “errors and omissions” insurance policy with
an insurance company with a claims-paying ability rating at least equal to (a) “A-” by S&P, (b) “A-”
by Fitch, (c) “A-” or its equivalent by KBRA, (d) “A-:VIII” by A.M. Best, (e) “A3” by Moody’s
or (f) “A (low)” by DBRS, Inc. (or such other rating as to which a Rating Agency Confirmation has been obtained) covering
the officers and employees of the Servicer or the Special Servicer, as applicable, in connection with its activities under this
Agreement. Each such insurance policy shall protect the Servicer or the Special Servicer, as applicable, against losses resulting
directly from forgery, theft, embezzlement, fraud, errors and omissions of such covered persons. Coverage of the Servicer or the
Special Servicer under a policy or bond obtained by an Affiliate thereof and providing the coverage required by this Section 3.11(d)
shall satisfy the requirements of this Section 3.11(d). The amount of coverage shall at least be equal to the
coverage that is required by the applicable governmental authorities having regulatory power over the Servicer and Special Servicer.
If no such coverage amounts are imposed by such regulatory authorities, the amount of coverage shall be at least equal to the
coverage that would be required by FNMA or FHLMC with respect to the Servicer or the Special Servicer, as applicable, if the Servicer
or Special Servicer, as applicable, were servicing and administering the Mortgage Loan for FNMA or FHLMC or as otherwise approved
by FNMA or FHLMC. In the event that any such bond or policy ceases to be in effect, the Servicer or the Special Servicer, as applicable,
shall obtain a comparable replacement bond or policy. Each shall use reasonable effort to cause each and every sub-servicer, if
any, to maintain a blanket fidelity bond and an errors and omissions insurance policy meeting the requirements as described above.
In lieu of the foregoing, but subject to this Section 3.11, the Servicer and Special Servicer shall be entitled to
self-insure with respect to such risks so long as the long term debt obligations or deposits of the Servicer or Special Servicer,
as applicable (or its immediate or remote parent) are rated at least “A3” by Moody’s, “A-” by S&P,
“A-” by Fitch, “A(low)” by DBRS Morningstar or “A-:VIII” by A.M. Best.

 

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(e)          No provision of this Section requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the
Servicer or the Special Servicer from its duties and obligations as set forth in this Agreement. The Certificate Administrator
shall be entitled to request, upon receipt of a written request from any Certificateholder or VRR Interest Owner, and the Servicer
and the Special Servicer shall each deliver or cause to be delivered to the Certificate Administrator, a certificate of insurance
from the surety and insurer certifying that such insurance is in full force and effect. The Certificate Administrator will make
any such certificate of insurance available to the requesting Certificateholder or VRR Interest Owner on a confidential basis.

 

3.12.       Procedures
with Respect to Defaulted Mortgage Loan; Realization upon the Property. (a)  Following, and during the continuance
of a Special Servicing Loan Event, the Special Servicer on behalf of the Trustee (with notification to and consent of the Directing
Holder prior to the occurrence and continuance of a Control Termination Event and upon consultation with the Directing Holder
after the occurrence and during the continuance of a Control Termination Event but so long as no Consultation Termination Event
has occurred) for the benefit of the Certificateholders, the VRR Interest Owner and the Companion Loan Holders, subject to the
terms of the Mortgage Loan Documents and the Co-Lender Agreement, shall promptly pursue the remedies set forth therein or such
resolution that is otherwise available to the Special Servicer, each in accordance with Accepted Servicing Practices, including
foreclosure or other realization on the Property and the other collateral for the Mortgage Loan. In connection with any foreclosure,
enforcement of the applicable Mortgage Loan Documents or other realization on the Collateral, the Special Servicer shall direct
the Servicer to, and the Servicer shall, pay the costs and expenses in any such proceedings as a Property Protection Advance unless
the Servicer determines, in accordance with the Accepted Servicing Practices, that such Advance would constitute a Nonrecoverable
Advance.

 

(b)          Such proposed acceleration of the Mortgage Loan and/or foreclosure on the Property shall be taken unless the Special Servicer
waives such Mortgage Loan Event of Default (or modifies or amends the Mortgage Loan to cure the Mortgage Loan Event of Default),
which the Special Servicer may do, subject to the rights of the Directing Holder (prior to a Consultation Termination Event) if
such modification, waiver or amendment is consistent with Accepted Servicing Practices and does not cause either the Lower-Tier
REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC under the REMIC Provisions or subject either such Trust REMIC to any
tax (other than a tax on “net income from foreclosure property” under Code Section 860G(c)).

 

(c)          In connection with such foreclosure as described in Section 3.12(a) or other realization on the Property, the Special
Servicer shall follow Accepted Servicing Practices; provided, however, that the Special Servicer shall not be permitted
to direct the Servicer, and neither the Special Servicer nor the Servicer shall be required, to expend its own funds to restore
the Property damaged by an Uninsured Cause unless the Servicer or the Special Servicer, as applicable, permitted the related insurance
policy to lapse in violation of its respective obligations hereunder. If the Servicer does expend its own funds to restore the
Property if damaged by an Uninsured Cause (which insurance policy did not lapse in violation of the Servicer’s obligations),
such expense shall be a Property Protection Advance. In connection with any foreclosure, enforcement of the Mortgage Loan Documents
or other realization on the

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 Collateral, the Special Servicer shall direct the Servicer to, and the Servicer shall, pay the costs
and expenses in any such proceedings as a Property Protection Advance unless the Servicer determines, in accordance with Accepted
Servicing Practices, that such Advance would constitute a Nonrecoverable Advance.

 

(d)          In connection with any foreclosure or other acquisition, the Special Servicer shall request the Servicer to pay, and the Servicer
shall pay, the out of pocket costs and expenses in any such proceedings as a Property Protection Advance unless the Servicer determines,
in its sole discretion exercised in accordance with Accepted Servicing Practices, that such Advance would constitute a Nonrecoverable
Advance. The Servicer shall be entitled to reimbursement of Advances (with interest at the Advance Rate) made pursuant to the
preceding sentence in accordance with Section 3.23. Subject to Section 9.3(a), for so long as a Control Termination
Event is not continuing, while negotiating a workout with the Borrower, the Special Servicer shall pursue any such appropriate
remedial action to but not including actual foreclosure until such negotiations, in the judgment of the Special Servicer and in
accordance with Accepted Servicing Practices and subject to Section 9.3(a), are not reasonably likely to produce a greater
recovery on a net present value basis than foreclosure.

 

(e)          Notwithstanding the foregoing, the Special Servicer may not foreclose on the Property on behalf of the Trust Fund and the Companion
Loan Holders and thereby cause the Trust to be the beneficial owner of the Property, or take any other action with respect to
the Property that would cause the Trustee, on behalf of the Trust Fund and the Companion Loan Holders, to be considered to hold
title to, to be a “mortgagee-in-possession” of, or to be an “owner” or “operator” of the Property
within the meaning of CERCLA or any comparable law, unless, subject to the rights of the Directing Holder to consent to and/or
consult or the rights of the Risk Retention Consultation Party to consult in respect of such action, as applicable, the Special
Servicer has previously determined, based on a report prepared as a Trust Fund Expense by an independent Person who regularly
conducts site assessments for purchasers of comparable properties (a copy of such report to be provided to the Certificate Administrator,
the Companion Loan Holders and the Trustee by the Special Servicer), that (i) the Property is in compliance with applicable
environmental laws or that taking the remedial actions necessary to comply with such laws is reasonably likely to produce a greater
recovery on a net present value basis than not taking such actions and (ii) there are no circumstances known to the Special
Servicer relating to the use of hazardous substances or petroleum-based materials which require investigation or remediation,
or that if such circumstances exist taking such remedial actions is reasonably likely to produce a greater recovery on a net present
value basis than not taking such actions. The Special Servicer shall deliver a copy of any such report to the 17g-5 Information
Provider in electronic format and the 17g-5 Information Provider shall make such report available to the Rating Agencies and NRSROs
pursuant to Section 8.14(b). The Certificate Administrator shall post a copy of such report on the Certificate Administrator’s
Website promptly upon receipt.

 

If
the Special Servicer has so determined based on satisfaction of the criteria in this Section 3.12(e) that it would
be in the best economic interest (as determined in accordance with Accepted Servicing Practices) of the Trust Fund and the Companion
Loan Holders as a collective whole (taking into account the subordination of the B Note to the A Notes) to institute a foreclosure
or take any other actions described in the immediately preceding paragraph, pursuant to the terms hereof and subject to the rights
of (i) the Risk Retention Consultation Party 

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to consult, and (ii) the Directing Holder to consent to and/or consult in respect
of such action, as applicable, pursuant to the terms hereof, the Special Servicer shall take such proposed action. The Special
Servicer shall not foreclose upon or otherwise cause the Trust to acquire ownership of any Collateral other than the Property
unless it receives an Opinion of Counsel (the cost of which shall be paid by the Servicer as a Property Protection Advance unless
the Servicer determines that such Property Protection Advance would constitute a Nonrecoverable Advance) to the effect that such
acquisition will not cause the imposition of a tax on the Upper-Tier REMIC or the Lower-Tier REMIC (other than a tax on “net
income from foreclosure property” under Code Section 860G(c)) under the REMIC Provisions or cause the Lower-Tier REMIC
or Upper-Tier REMIC to fail to qualify as a REMIC or the Grantor Trust to fail to qualify as a “grantor trust” at
any time that the Certificates or VRR Interest are outstanding.

 

The
Special Servicer shall direct the Servicer to, and the Servicer shall, advance the cost of any such compliance, containment, clean
up or remediation as a Property Protection Advance unless the Servicer determines that such Advance would constitute a Nonrecoverable
Advance.

 

(f)           The environmental site assessments contemplated by Section 3.12(e) shall be prepared by any Independent Person who
regularly conducts environmental site assessments for purchasers of comparable properties, as determined by the Servicer in a
manner consistent with Accepted Servicing Practices. The cost of each such environmental site assessment shall qualify as a Property
Protection Advance and shall be advanced by the Servicer unless the Servicer determines that such Advance would constitute a Nonrecoverable
Advance.

 

(g)          Notwithstanding any provision herein to the contrary, the Special Servicer shall not acquire and hold for the benefit of the Trust
Fund any personal property (including any non-real property Collateral) pursuant to this Section 3.12 unless:

 

(i)           such personal property is incidental to real property (within the meaning of Section 856(e)(1) of the Code) so acquired by
the Special Servicer; or

 

(ii)          the Special Servicer shall have obtained an Opinion of Counsel (the cost of which shall be paid by the Servicer as a Property
Protection Advance unless the Servicer determines that such Property Protection Advance would constitute a Nonrecoverable Advance)
to the effect that the holding of such personal property by the Trust Fund will not cause an Adverse REMIC Event at any time that
any Uncertificated Lower-Tier Interest, Certificate or VRR Interest is outstanding (and such Opinion of Counsel may be premised
on the designation hereby of any such personal property as being deemed part of an “outside reserve fund” (within
the meaning of Treasury Regulations Section 1.860G-2(h)) with the owner of such personal property for federal income tax
purposes to be designated at such time).

 

(h)          Notwithstanding any acquisition of title to the Property following a Mortgage Loan Event of Default and cancellation of the Mortgage
Loan, the Trust Loan and each Companion Loan shall be deemed to remain outstanding and, in the case of the Trust Loan, held in
the Trust (for the benefit of the Certificateholders), and in the case of the Companion Loans, held by the Companion Loan Holders,
for purposes of the application of collections and 

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shall be reduced only by collections net of expenses. For purposes of all calculations
hereunder, so long as the Trust Loan and each Companion Loan shall be deemed to remain outstanding, (i) it shall be assumed
that the unpaid principal balance of the Trust Loan and each Companion Loan immediately after any discharge is equal to the unpaid
principal balance of the Trust Loan and such Companion Loan immediately prior to such discharge and (ii) Foreclosure Proceeds
shall be applied as provided in Section 1.3(b) and the Co-Lender Agreement.

 

3.13.       Custodian and Trustee to Cooperate; Release of Items in Mortgage File. From time to time and as appropriate for the servicing
of the Mortgage Loan or foreclosure of or realization on the Property, the Custodian shall, upon request of the Servicer or the
Special Servicer and delivery to the Custodian of a request for release in the form of Exhibit B hereto, release or
cause to be released any items from the Mortgage File to the Servicer or the Special Servicer, as the case may be, within the
lesser of (i) seven (7) calendar days and (ii) five (5) Business Days of its receipt of the related request for release
and the Trustee shall execute such documents furnished to it as shall be necessary to the prosecution of any such proceedings.
Such request for release shall obligate the Servicer or the Special Servicer to (and the Servicer or Special Servicer, as applicable,
shall) return such items to the Custodian when the need therefor by the Servicer or the Special Servicer no longer exists.

 

3.14.       Title and Management of Foreclosed Property. (a)  In the event that title to the Property is acquired for the
benefit of the Certificateholders, the VRR Interest Owner and the Companion Loan Holders in foreclosure or by deed-in-lieu of
foreclosure or otherwise, the deed, certificate of sale or other comparable document shall be taken in the name of the Trustee,
as trustee for the Certificateholders and the VRR Interest Owner, or its nominee (which shall not include the Special Servicer),
on behalf of the Trust Fund and the Companion Loan Holders or as otherwise contemplated pursuant to Section 8.10.
Title may be taken in the name of a limited liability company wholly-owned by the Trust and which is managed by the Special Servicer
(the costs of which shall be advanced by the Servicer, provided that such Advance would not be a Nonrecoverable Advance).
Promptly after such acquisition of title, the Special Servicer shall consult with counsel to determine when an Acquisition Date
shall be deemed to occur under the REMIC Provisions with respect to the Property, the expense of such consultation being treated
as a reimbursable expense of the Special Servicer related to the foreclosure. The Special Servicer, on behalf of the Trust Fund
and the Companion Loan Holders, shall dispose of the Foreclosed Property held by the Trust Fund as expeditiously as appropriate
in accordance with Accepted Servicing Practices, but in any event within the time period, and subject to the conditions, set forth
in Sections 3.15 and 12.2. Subject to Sections 12.2 and 3.14(d), the Special Servicer shall hire on
behalf of the Trust Fund and the Companion Loan Holders a Successor Manager to manage, conserve, protect and operate the Foreclosed
Property for the Certificateholders, the VRR Interest Owner and the Companion Loan Holders solely for the purpose of its prompt
disposition and sale. In connection with such management and subject to Section 3.4(c)(vi), the Successor Manager
shall be entitled to the REO Management Fee solely from the Foreclosed Property Account or the Collection Account pursuant to
Section 3.4(c)(vi).

 

(b)          The Special Servicer shall segregate and hold all funds collected and received in connection with the operation of the Foreclosed
Property separate and apart from its own funds and general assets and shall establish and maintain with respect to the Foreclosed

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Property the Foreclosed Property Account in the name of the Special Servicer on behalf of the Trustee pursuant to Section 3.6.

 

(c)          The Special Servicer shall have full power and authority, subject to Accepted Servicing Practices and the specific requirements
and prohibitions of this Agreement, to do any and all things in connection with the Foreclosed Property for the benefit of the
Trust Fund and the Companion Loan Holders as a collective whole (taking into account the subordination of the B Note to the A
Notes) on such terms as are appropriate and necessary for the efficient liquidation of the Foreclosed Property, so long as the
Special Servicer deems such actions to be consistent with Accepted Servicing Practices.

 

The
Special Servicer shall deposit or cause to be deposited on a daily basis in the Foreclosed Property Account all revenues received
with respect to the Foreclosed Property, and the Special Servicer shall cause to be withdrawn therefrom funds necessary for the
proper operation, management and maintenance of the Foreclosed Property and for other expenses related to the preservation and
protection of the Foreclosed Property, including, but not limited to:

 

(i)           all insurance premiums due and payable in respect of the Foreclosed Property;

 

(ii)          all taxes, assessments, charges or other similar items in respect of the Foreclosed Property that could result or have resulted
in the imposition of a lien thereon; and

 

(iii)         all costs and expenses necessary to preserve the Foreclosed Property, including the payment of ground rent, if any.

 

To
the extent that amounts on deposit in the Foreclosed Property Account are insufficient for the purposes set forth in clauses (i)
through (iii) above (and all similar amounts or expenses), the Special Servicer shall direct the Servicer to, and the
Servicer shall, make a Property Protection Advance unless the Servicer determines, in accordance with Accepted Servicing Practices,
that such Advance would constitute a Nonrecoverable Advance.

 

(d)          The Special Servicer, in the name of the Trust Fund, shall (subject to Section 3.14(a)) contract with any Successor
Manager for the operation and management of the Foreclosed Property; provided that no such contract shall impose individual
liability on the Trustee or the Trust; provided, further, that:

 

(i)           the terms and conditions of any such contract shall not be inconsistent herewith;

 

(ii)          any such contract shall require, or shall be administered to require, that the Successor Manager (A) request that the Special
Servicer pay from the Foreclosed Property Account all costs and expenses incurred in connection with the operation and management
of the Foreclosed Property, and (B) remit all related revenues (net of such costs and expenses) to the Special Servicer,
as soon as practicable but in no event later 

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than the Business Day immediately following receipt, for deposit into the Foreclosed
Property Account;

 

(iii)         none of the provisions of this Section 3.14 relating to any such contract or to actions taken through any such Successor
Manager shall be deemed to relieve the Special Servicer of any of its ordinary and regularly recurring duties and obligations
to the Trust Fund on behalf of the Certificateholders and the Companion Loan Holders with respect to the operation and management
of the Foreclosed Property; and

 

(iv)         the Successor Manager shall be permitted to perform construction (including renovations) on the Foreclosed Property only if the
construction was more than ten percent (10%) complete at the time default on the Mortgage Loan became imminent.

 

The
Special Servicer shall be entitled, and to the extent required by the REMIC Provisions, shall be required, to enter into an agreement
with any Independent Contractor performing services for it related to its duties and obligations hereunder for indemnification
of the Special Servicer by such Independent Contractor, and nothing in this Agreement shall be deemed to limit or modify such
indemnification; however, the retention of any Independent Contractor will not relive the Special Servicer of its obligations
with respect to the Foreclosed Property. All REO Management Fees shall be a Trust Fund Expense payable from the Foreclosed Property
Account or subject to reimbursement pursuant to Section 3.4(c)(vi). The Special Servicer agrees to monitor the performance
of the Successor Manager and to enforce the obligations of the Successor Manager on behalf of the Trust and the Companion Loan
Holders. Expenses incurred by the Special Servicer in connection herewith shall qualify as Property Protection Advances.

 

(e)          On or before the last day of each Collection Period, the Special Servicer shall withdraw from the Foreclosed Property Account
and deposit into the Collection Account the proceeds and collections received or collected since the preceding Remittance Date
through the Business Day prior to the Remittance Date on or with respect to the Foreclosed Property (including any funds no longer
needed in any reserves established as provided below), net of expenses paid therefrom and amounts reasonably expected to be needed
to fund any reserves deemed necessary for the operation, preservation and protection of the Foreclosed Property in the event that
the Foreclosed Property is a real property, including without limitation, the creation of reasonable reserves for working capital,
repairs, replacements and necessary capital improvements and other related expenses.

 

3.15.       Sale of the Foreclosed Property. (a)  The Special Servicer, on behalf of the Trust Fund and the Companion Loan Holders,
shall sell the Foreclosed Property as expeditiously as appropriate in accordance with Accepted Servicing Practices in a manner
designed to preserve the capital of the Certificateholders and the Companion Loan Holders as a collective whole as if they constituted
a single lender (taking into account the subordination the B Note to the A Notes) and not with a view to the maximization of profit,
but in no event later than the time period set forth in Section 12.2 in a manner provided under this Section 3.15.

 

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(b)          If the Special Servicer or an Affiliate acquires the Foreclosed Property in the name of and on behalf of the Trust and the Companion
Loan Holders, the Special Servicer shall be empowered, subject to the Code and to the specific requirements and prohibitions of
this Agreement, to do any and all things in connection with the management and operation of the Foreclosed Property in accordance
with Accepted Servicing Practices, all on such terms as the Special Servicer deems to be in the best interest of the Certificateholders,
the VRR Interest Owner and the Companion Loan Holders as a collective whole, as if they constituted a single lender (taking into
account the subordination of the B Note to the A Notes) and consistent with the REMIC Provisions.

 

(c)          Subject to the consent and consultation rights of the Directing Holder, as applicable, the Special Servicer may accept the highest
cash offer for the Foreclosed Property received from any Person. In no event may such offer be less than an amount at least equal
to the Mortgage Loan Purchase Price for the Foreclosed Property. In the absence of any such offer, the Special Servicer shall
accept the highest cash offer that it determines is a fair price for the Foreclosed Property. In determining whether any offer
from a Person other than an Interested Person constitutes a fair price for the Foreclosed Property, the Special Servicer is required
to take into account (in addition to the results of any Appraisal, updated Appraisal or narrative Appraisal that it may have obtained
pursuant to this Agreement within the prior nine months), among other factors, the period and amount of the occupancy level and
physical condition of the Property and the state of the local economy. If the highest offeror is an Interested Person, the Trustee
shall determine the fairness of the highest offer based upon such Appraisal or, if no Appraisal has been obtained within the last
nine (9) months, based on an Appraisal obtained by the Trustee. In addition, the Trustee may (at its option at the expense of
the Interested Person or as a Trust Fund Expense) designate an Independent Appraiser that is an expert in real estate or commercial
mortgage loan matters with at least five (5) years’ experience in valuing or investing in loans secured by properties similar
to the Foreclosed Property, and such Independent Appraiser shall be selected with reasonable care by the Trustee for the purpose
of determining whether such cash offer constitutes a fair price for the Foreclosed Property. If the Trustee designates such an
Independent Appraiser to make such determination, the Trustee shall be entitled to rely conclusively upon such Independent Appraiser’s
determination. Any such determination of a fair price of the Foreclosed Property by the Trustee shall be binding on all parties.
The reasonable costs of all such Appraisals, property condition assessments, inspection reports and broker opinions of value incurred
by the Trustee or any such third party pursuant to Section 3.15(c) shall be covered by, and shall be reimbursable by, the
Interested Person, and if such fees or costs are not reimbursed by such Interested Person, such expense shall be reimbursable
as a Trust Fund Expense; provided that the Trustee shall not engage a third party expert whose fees exceed a commercially
reasonable amount as determined by the Trustee. Notwithstanding the foregoing, subject to the consent rights of the Directing
Holder after the occurrence and continuance of a Control Termination Event, the Special Servicer shall not be obligated to accept
the higher cash offer if the Special Servicer determines, in accordance with the Accepted Servicing Practices, that rejection
of such offer would be in the best interests of the Certificateholders, the VRR Interest Owner and the Companion Loan Holders
(as a collective whole as if they constituted a single lender (taking into account the subordination of the B Note to the A Notes)),
and the Special Servicer may accept a lower cash offer (from any Person other than itself or an Affiliate) if it determines, in
accordance with the Accepted Servicing Practices, that acceptance of such offer would be in the best interests of the Certificateholders,
the VRR 

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Interest Owner and the Companion Loan Holders (as a collective whole). For avoidance of doubt, subject to the restrictions
placed upon it as an Interested Person, the Directing Holder may submit bids on the Foreclosed Property in the same manner and
at the same time and place as any other bidder. Neither the Trustee, in its individual capacity, nor any of its Affiliates may
make an offer for or purchase the Foreclosed Property.

 

(d)          Subject to the provisions of Section 3.14, the Special Servicer shall act on behalf of the Trust Fund and the Companion
Loan Holders in negotiating and taking any other action necessary or appropriate in connection with the sale of the Foreclosed
Property, including the collection of all amounts payable in connection therewith. Any sale of the Foreclosed Property shall be
without recourse to the Trustee, the Depositor, the Certificate Administrator, the Servicer, the Special Servicer, the Trust or
the Certificateholders, the VRR Interest Owner and the Companion Loan Holders (except that any contract of sale and assignment
and conveyance documents may contain customary warranties, so long as the only recourse for breach thereof is to the Trust) and
if consummated in accordance with the terms of this Agreement, none of the Trustee, the Depositor, the Certificate Administrator
or the Special Servicer shall have any liability to any Certificateholder or VRR Interest Owner with respect to the purchase price
thereof accepted by the Special Servicer or the Trustee.

 

(e)          The proceeds of any sale effected pursuant to this Section 3.15, after deduction of the expenses incurred in connection
therewith, shall be deposited in the Collection Account in accordance with Section 3.4(a).

 

(f)           Within 30 days of the sale of the Foreclosed Property, if not previously included in a CREFC® Report provided by
the Servicer or the Special Servicer, the Special Servicer shall provide to the Servicer, the Trustee, the Companion Loan Holders
and the Certificate Administrator a statement of accounting for the Foreclosed Property, including, without limitation, (i) the
date the Foreclosed Property was acquired in foreclosure or by deed-in-lieu of foreclosure or otherwise, (ii) the date of
disposition of the Foreclosed Property, (iii) the gross sale price and related selling and other expenses, (iv) accrued
interest with respect to the outstanding balance of the Mortgage Loan immediately prior to the acquisition of the Foreclosed Property,
calculated from the date of acquisition to the disposition date, and (v) such other information as the Trustee, the Companion
Loan Holders or Certificate Administrator may reasonably request.

 

(g)          If the Mortgage Loan is a Specially Serviced Mortgage Loan or the Property is a Foreclosed Property, the Servicer shall prepare
and file on a timely basis the reports of foreclosures and abandonments of such Property required by Section 6050J of the
Code and the reports of discharges of indebtedness income in respect of the Trust Loan and each Companion Loan required by Section 6050P
of the Code.

 

(h)          The Special Servicer shall deliver to the Servicer such reports and other information as the Servicer needs in its sole discretion
(subject to Accepted Servicing Practices) to perform its obligations under this Agreement.

 

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3.16.       Sale of the Mortgage Loan.

 

(a)          (i) Within sixty (60) days after the occurrence of a Special Servicing Loan Event and notice thereof is received by the Special
Servicer, the Special Servicer shall order an Appraisal (which shall not be required to be received within that 60-day period),
the cost of which will be a Trust Fund Expense. The Servicer shall promptly notify in writing the Special Servicer, the Trustee,
the Certificate Administrator, the Companion Loan Holders and the Directing Holder (prior to the occurrence and continuance of
a Consultation Termination Event) of the occurrence of such Special Servicing Loan Event. Upon delivery by the Special Servicer
of the notice described in the preceding sentence, subject to the consultation rights of the Directing Holder, the Special Servicer
may offer to sell to any Person the Mortgage Loan or may offer to purchase the Mortgage Loan, if and when the Special Servicer
determines, consistent with Accepted Servicing Practices, that no satisfactory arrangements can be made for collection of delinquent
payments on the Mortgage Loan and such sale would be in the best economic interests of the Trust and the Companion Loan Holders
as a collective whole as if they constituted a single lender (taking into account the subordination of the B Note to the A Notes)
on a net present value basis. The Special Servicer shall give the Trustee, the Companion Loan Holders, the Certificate Administrator
and the Directing Holder (prior to the occurrence of a Consultation Termination Event) not less than five (5) Business Days’
prior written notice of its intention to sell the Mortgage Loan, in which case the Special Servicer shall accept the highest offer
received from any Person, other than any Interested Person, for the Mortgage Loan so long as such offer is at least equal to the
Mortgage Loan Purchase Price. At the Special Servicer’s option, if it has received no offer at least equal to the Mortgage
Loan Purchase Price for the Mortgage Loan, an Interested Person (other than any Manager or any Borrower Related Party) may purchase
the Mortgage Loan at the Mortgage Loan Purchase Price. Any Companion Loan is to be sold together with the Trust Loan, subject
to this Section 3.16 and any additional requirements set forth in the Co-Lender Agreement (including, without limitation,
Section 5 of the Co-Lender Agreement).

 

(ii)          In the absence of any such offer and purchase at least equal to the Mortgage Loan Purchase Price, the Special Servicer shall accept
the highest offer received from any Person that is determined by the Special Servicer to be a fair price for the Mortgage Loan.
In determining whether any offer from a Person other than an Interested Person constitutes a fair price for any defaulted Mortgage
Loan, the Special Servicer shall take into account (in addition to the results of any appraisal, updated appraisal or narrative
appraisal that it may have obtained pursuant to this Agreement within the prior nine months), among other factors, the period
and amount of the occupancy levels and physical conditions of the Property and the state of the local economy. However, if the
highest offeror is the Depositor, the Servicer, the Special Servicer, the Certificate Administrator, the Directing Holder (or
any of its Affiliates), any Certificateholder, any Borrower Related Party, any independent contractor engaged by the Special Servicer,
an Other Depositor, the master servicer, the special servicer (or any independent contractor engaged by such special servicer)
or the trustee for an Other Securitization Trust, a Companion Loan Holder or any known Affiliate of any of them (any such Person,
an “Interested Person”), then the Trustee (based upon, among other things, the Appraisal ordered by the Special
Servicer after a Special Servicing Loan Event pursuant to the preceding paragraph, and copied or otherwise delivered to the 

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Trustee
and any other information reasonably requested by the Trustee) shall determine if the highest offer is a fair price and such determination
shall be binding upon all parties; provided that no offer from an Interested Person shall constitute a fair price unless
(A) it is the highest offer received and (B) if such offer is less than the applicable Mortgage Loan Purchase Price, at least
two other offers are received from independent third parties. 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 Interested Person or as
a Trust Fund Expense, as described below) designate an Independent Appraiser that is an expert in real estate or commercial mortgage
loan matters with at least five (5) years’ experience in valuing or investing in loans similar to the Mortgage Loan, and
such Independent Appraiser shall be selected with reasonable care by the Trustee for the purpose of determining whether such cash
offer constitutes a fair price for the Mortgage Loan. If the Trustee designates such an Independent Appraiser to make such determination,
the Trustee shall be entitled to rely conclusively upon such Independent Appraiser’s determination. Any such determination
of a fair price of the Mortgage Loan by the Trustee shall be binding on all parties. The reasonable costs of all such Appraisals,
property condition assessments and broker opinions of value incurred by, the Trustee or any such third party pursuant to this
paragraph shall be covered by, and shall be reimbursable by, the Interested Person, and if such fees or costs are not reimbursed
by such Interested Person, such expense shall be reimbursable as a Trust Fund Expense; provided that the Trustee shall
not engage a third party expert whose fees exceed a commercially reasonable amount as determined by the Trustee. Subject to the
restrictions placed upon it as an Interested Person, the Directing Holder may submit bids on the defaulted Mortgage Loan in the
same manner and at the same time and place as any other bidder. Neither the Trustee, in its individual capacity, nor any of its
Affiliates may make an offer for or purchase the Mortgage Loan.

 

(iii)         Notwithstanding anything contained in the preceding paragraph to the contrary, if an Interested Person offers to purchase the
Mortgage Loan and 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 Interested Person or as a Trust Fund Expense, as described below) designate
an Independent third party expert in real estate or commercial mortgage loan matters with at least five (5) years’ experience
in valuing or investing in 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 a 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, the Trustee or any such third party pursuant
to this paragraph shall be covered by, and shall be reimbursable by, the Interested Person, and if such fees or costs are not
reimbursed by such Interested Person, such expense shall be reimbursable as a Trust Fund Expense; provided that the Trustee
shall not engage a third party expert whose fees exceed a commercially reasonable amount as determined by the Trustee.

 

(iv)         The Special Servicer shall not be obligated to accept the highest offer if the Special Servicer determines, in accordance with
Accepted Servicing Practices, that 

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rejection of such offer would be in the best interests of the Certificateholders, the VRR Interest
Owner and the Companion Loan Holders (as a collective whole as if they constituted a single lender, taking into account the subordination
of the B Note to the A Notes). In addition, the Special Servicer may accept a lower offer if it determines, in accordance with
Accepted Servicing Practices, that the acceptance of such offer would be in the best interests of the Certificateholders, the
VRR Interest Owner and the Companion Loan Holders as collective whole as if they constituted a single lender (taking into account
the subordination of the B Note to the A Notes) (for example, if the prospective buyer making the lower offer is more likely to
perform its obligations or the terms offered by the prospective buyer making the lower offer are more favorable in other respects),
provided that the offeror is not the Special Servicer or a Person that is an Affiliate of the Special Servicer. The Special
Servicer shall use efforts consistent with Accepted Servicing Practices to sell the Mortgage Loan prior to the Rated Final Distribution
Date.

 

(v)          Unless and until the Mortgage Loan is sold pursuant to this Section 3.16(a), the Special Servicer shall pursue such
other resolution strategies with respect to the Mortgage Loan, including, without limitation, workout and foreclosure, as the
Special Servicer may deem appropriate, consistent with the Asset Status Report, Accepted Servicing Practices, any intercreditor
agreement and the REMIC Provisions.

 

(b)          Prior to the occurrence and continuance of a Control Termination Event, any sale of the Mortgage Loan shall be subject to the
Directing Holder’s consent rights (subject to limitations on such consent pursuant to Section 9.3(a) herein) and
after the occurrence and continuance of a Control Termination Event but prior to the occurrence of a Consultation Termination
Event, any sale of the Mortgage Loan shall be subject to the consultation rights of the Directing Holder as described in Section
9.3 herein.

 

(c)          The right of the Special Servicer to purchase or sell the Mortgage Loan after the occurrence of a Special Servicing Loan Event
shall terminate, and shall not be exercisable as set forth in clause (a) above (or if exercised but the purchase of the
Mortgage Loan has not yet occurred, the Special Servicer’s right shall terminate and such exercise shall be of no further
force or effect) if the Mortgage Loan is no longer delinquent as a result of any of the following: (i) the Special Servicing Loan
Event has ceased pursuant to the terms of this Agreement, (ii) the Mortgage Loan has become subject to a fully executed agreement
reflecting the terms of the workout arrangement, or (iii) the Mortgage Loan has otherwise been resolved (including by a full or
discounted pay-off).

 

(d)          Any sale of the Mortgage Loan shall be for cash only, and shall be in accordance with and subject to the provisions of the Co-Lender
Agreement.

 

(e)          [Reserved]

 

(f)           Notwithstanding anything to the contrary in this Section 3.16, the Special Servicer shall not sell the Mortgage Loan
pursuant to Section 3.16(a) without the written consent of the Companion Loan Holders (provided that such consent
is not required from a Companion Loan Holder if such Companion Loan Holder is the Borrower or an Affiliate of the Borrower) 

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unless
the Special Servicer has delivered to the Companion Loan Holders: (a) at least 15 Business Days prior written notice of any
decision to attempt to sell the Mortgage Loan; (b) at least 10 days prior to the permitted sale date, a copy of each bid
package (together with any material amendments to such bid packages) received by the Special Servicer in connection with any such
proposed sale; (c) at least 10 days prior to the proposed sale date, a copy of the most recent appraisal for the Mortgage
Loan, and any documents in the Mortgage Loan files reasonably requested by such Companion Loan Holder that are material to the
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) 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 Servicer or the Special Servicer in connection with the proposed sale;
provided, that such Companion Loan Holder may waive any of the delivery or timing requirements set forth in this sentence.
The Companion Loan Holders will be permitted to make offers to purchase, and either such party is permitted to be the purchaser
at any sale of, the Mortgage Loan.

 

3.17.       Servicing Compensation.

 

(a)          The Servicer shall be entitled to receive the Servicing Fee with respect to the Trust Loan, the Companion Loans and any Foreclosed
Property payable monthly from the Collection Account from payments of interest on the Trust Loan or the Companion Loans or otherwise
in accordance with and subject to Section 3.4(c)(iii); provided that if such collections on the Trust Loan
and Companion Loan are not sufficient to pay all accrued and unpaid Servicing Fees on the Mortgage Loan upon the final liquidation
of the Mortgage Loan, any accrued but unpaid Servicing Fees will be payable out of other amounts on deposit with respect to the
Mortgage Loan in accordance with Section 3.4(c)(x). The Servicer shall be entitled to retain as compensation any late payment
charges and certain other customary charges and fees to the extent described below, as well as reimbursement for all other costs
or expenses incurred by it in performing its duties hereunder other than: (i) fees of any sub-servicer and the expenses of
any sub-servicer that would not be reimbursable to the Servicer if such expenses were incurred by the Servicer; (ii) the
cost of any fidelity bond or errors and omissions policy required by Section 3.11(d); (iii) overhead expenses
of the Servicer including but not limited to those which may properly be allocable under the Servicer’s accounting system
or otherwise to the Servicer’s activities under this Agreement or the income derived by it hereunder including the costs
to the Servicer associated with employees of the Servicer performing services in connection with the obligations of the Servicer
hereunder; and (iv) costs and expenses arising from the negligence, bad faith or willful misconduct of the Servicer (the
“Servicer Customary Expenses”).

 

(b)          In
addition, the Servicer shall be entitled to the following items as additional servicing compensation, to the extent that
such items are actually collected on the Mortgage Loan: (i) (x) so long as the Mortgage Loan is not a Specially Serviced
Mortgage Loan, 50% of the Modification Fees actually collected during the related Collection Period and paid in connection
with a consent, approval or other action that the Servicer is not permitted to grant or take in the absence of the consent or
approval (or deemed consent or approval) (other than the fees in clause (vii) below) of the Special Servicer under this
Agreement and (y) so long as the Mortgage Loan is not a Specially Serviced Mortgage Loan, 100% of the Modification Fees and
loan service transaction fees actually collected during the related Collection Period and paid in connection with a consent,
approval or other action that the Servicer is permitted to grant or take in the absence of the consent or approval (or deemed
consent or approval) of the Special Servicer under this Agreement; (ii) so long as the Mortgage Loan is not a Specially
Serviced Mortgage Loan, 100% of Assumption Fees collected during the related Collection Period in connection with a consent,
approval or other action that the Servicer is permitted to grant or take in the absence of the consent or approval (or deemed
consent or approval) of the Special Servicer under this Agreement and 50% of Assumption Fees collected during the related
Collection Period in connection with a consent, approval or other action that the Servicer is not permitted to grant or
take

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 in the absence of the consent or approval (or deemed consent or approval) of the
Special Servicer under this Agreement; (iii) so long as the Mortgage Loan is not a Specially Serviced Mortgage Loan, 100% of Assumption
Application Fees collected during the related Collection Period; (iv) so long as the Mortgage Loan is not a Specially Serviced
Mortgage Loan, 100% of consent fees in connection with a consent that involves no modification, waiver or amendment of the terms
of the Mortgage Loan and is paid in connection with a consent the Servicer is permitted to grant in the absence of the consent
or approval (or deemed consent or approval) of the Special Servicer under this Agreement and 50% of consent fees in connection
with a consent that involves no modification, waiver or amendment of the terms of the Mortgage Loan and is paid in connection
with a consent that the Servicer is not permitted to grant or take in the absence of the consent or approval (or deemed consent
or approval) of the Special Servicer under this Agreement; (v) any and all amounts collected for checks returned for insufficient
funds; (vi) all or a portion of charges for beneficiary statements or demands actually paid by the Borrower; (vii) if the Mortgage
Loan is not a Specially Serviced Mortgage Loan, 100% of review and other loan processing fees actually paid by the Borrower; (viii)
interest or other income earned on deposits in the Collection Account or other accounts maintained by the Servicer (but only to
the extent of the net investment earnings, if any, with respect to any such account for each Collection Period and, further, in
the case of a servicing account or Reserve Account, only to the extent such interest or other income is not required to be paid
to the Borrower under applicable law or under the Mortgage Loan Documents); (ix) 100% of late payment charges and net Default
Interest collected when the Mortgage Loan is not a Specially Serviced Mortgage Loan to the extent not applied to pay other amounts
in accordance with Section 3.4(c) and (x) 100% of defeasance fees.

 

(c)          If
a Special Servicing Loan Event occurs and is continuing, the Special Servicer shall be entitled to receive a Special Servicing
Fee with respect to the Mortgage Loan for so long as such Special Servicing Loan Event continues. The Special Servicer shall also
be entitled to retain as compensation any late payment charges and certain other customary charges and fees to the extent described
below, as well as reimbursement for all other costs or expenses incurred by it in performing its duties hereunder other than:
(i) the cost of any fidelity bond or errors and omissions policy required by Section 3.11(d); (ii) overhead
expenses of the Special Servicer including but not limited to those which may properly be allocable under the Special Servicer’s
accounting system or otherwise to the Special Servicer’s activities under this Agreement or the income derived by it hereunder
including the costs to the Special Servicer associated with employees of the Special Servicer performing services in connection
with the obligations of the Special Servicer hereunder; and (iii) costs and expenses arising from the negligence, bad faith
or willful misconduct of the Special Servicer (the “Special Servicer Customary Expenses”). If a Special Servicing
Loan Event is terminated following resolution of such Special Servicing Loan Event by a written agreement with the Borrower negotiated
by the Special Servicer, the Special Servicer shall be entitled to receive the Work-out Fee on all 

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payments of principal
and interest made on the Mortgage Loan following such written agreement for so long as another Special Servicing Loan Event does
not occur. If the Special Servicer is terminated (other than for cause) or resigns after such written agreement is entered into
and before or after the Special Servicing Loan Event is terminated, it shall retain the right to receive any and all Work-out
Fees on all payments of principal and interest made on the Mortgage Loan following such written agreement (negotiated by such
Special Servicer prior to its termination or resignation) for so long as another Special Servicing Loan Event does not occur.
In addition, the Special Servicer shall be entitled to receive a Liquidation Fee with respect to each Liquidated Property or the
liquidation of the Specially Serviced Mortgage Loan as to which the Special Servicer receives Liquidation Proceeds, except that
no Liquidation Fee shall be payable in connection with any repurchase of the Trust Loan (or any allocable portion thereof) by
the Trust Loan Sellers or a Trust Loan Seller pursuant to the Trust Loan Purchase Agreement (so long as such repurchase occurs
prior to the expiration of the Initial Resolution Period or Extended Resolution Period (if applicable)), in connection with the
sale of the Trust Loan by the Special Servicer to the Servicer or the Special Servicer pursuant to Section 3.16 hereof.
The Liquidation Fee shall be payable from, and shall be calculated using the related Net Liquidation Proceeds. Each of the foregoing
fees shall be payable from funds on deposit in the Collection Account as provided in Section 3.4(a). Notwithstanding
anything herein to the contrary, with respect to any Collection Period, the Special Servicer shall only be entitled to receive
a Work-out Fee or a Liquidation Fee, but not both.

 

(d)          The Special Servicer shall also be entitled to the following items as additional special servicing compensation, to the extent
that such items are actually collected on the Mortgage Loan: (i) if the Mortgage Loan is a Specially Serviced Mortgage Loan or
with respect to the Foreclosed Property, 100% of Modification Fees actually collected during the related Collection Period; (ii)
if the Mortgage Loan is not a Specially Serviced Mortgage Loan, 50% of Modification Fees collected during the related Collection
Period in connection with a consent, approval or other action that the Servicer is not permitted to grant or take in the absence
of the consent or approval (or deemed consent or approval) of the Special Servicer under this Agreement; (iii) if the Mortgage
Loan is a Specially Serviced Mortgage Loan, 100% of Assumption Fees collected during the related Collection Period and if the
Mortgage Loan is not a Specially Serviced Mortgage Loan, 50% of Assumption Fees collected during the related Collection Period
in connection with a consent, approval or other action that the Servicer is not permitted to grant or take in the absence of the
consent or approval (or deemed consent or approval) of the Special Servicer under this Agreement; (iv) if the Mortgage Loan is
a Specially Serviced Mortgage Loan, 100% of Assumption Application Fees collected during the related Collection Period; (v) if
the Mortgage Loan is a Specially Serviced Mortgage Loan, 100% of consent fees in connection with a consent that involves no modification,
waiver or amendment of the terms of the Mortgage Loan and if the Mortgage Loan is not a Specially Serviced Mortgage Loan, 50%
of consent fees in connection with a consent that involves no modification, waiver or amendment of the terms of the Mortgage Loan
and is paid in connection with a consent that the Servicer is not permitted to grant in the absence of the consent or approval
(or deemed consent or approval) of the Special Servicer under this Agreement; (vi) if the Mortgage Loan is a Specially Serviced
Mortgage Loan, all or a portion of charges for beneficiary statements or demands and other loan processing fees actually paid
by the Borrower; (vii) if the Mortgage Loan is a Specially Serviced Mortgage Loan, 100% of other loan processing fees actually
paid by the Borrower; (viii) interest or other income earned on deposits in the Foreclosed Property Account 

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(but only to the extent
of the net investment earnings, if any, for each Collection Period); and (ix) 100% of late payment charges and Default Interest
(to the extent not applied to pay other amounts pursuant to Section 3.4(c)) collected when the Mortgage Loan is a
Specially Serviced Mortgage Loan. The Servicer and the Special Servicer shall each have the right in its sole discretion, but
not any obligation, to reduce or elect not to charge its respective percentage interest in any fee or payment payable to such
party; provided that (x) neither the Servicer nor the Special Servicer shall have the right to reduce or elect not to charge the
percentage interest of any fee due to the other and (y) to the extent either of the Servicer or the Special Servicer exercises
its right to reduce or elect not to charge its respective percentage interest in any fee, the party that reduced or elected not
to charge its percentage interest in any such fee shall not have any right to share in any portion of the other party’s
fee. For the avoidance of doubt, if the Servicer decides not to charge any fee, the Special Servicer shall still be entitled to
charge the portion of the related fee the Special Servicer would have been entitled to if the Servicer had charged a fee and the
Servicer shall not be entitled to any of such fee charged by the Special Servicer. Similarly, if the Special Servicer decides
not to charge any fee, the Servicer will nevertheless be entitled to charge its portion of the related fee to which the Servicer
would have been entitled if the Special Servicer had charged a fee and the Special Servicer will not be entitled to any of such
fee charged by the Servicer.

 

(e)          Notwithstanding any other provision in this Agreement, neither the Servicer nor the Special Servicer, as applicable, shall be
entitled to reimbursement for an expense incurred under this Agreement or in connection with the performance of its duties hereunder
unless (i) the amount of such payment to the Servicer or the Special Servicer, as the case may be, is reimbursed to the Trust
Fund by the Borrower (to the extent the Borrower is required to do so under the Mortgage Loan Agreement); (ii) failure of
the Borrower to reimburse for such payment constitutes a Mortgage Loan Event of Default; (iii) such expense would qualify
as an “unanticipated expense incurred by the REMIC” within the meaning of Treasury Regulations Section 1.860G-1(b)(3)(ii)
or is otherwise an unanticipated expense (it being understood that the Servicer Customary Expenses and the Special Servicer Customary
Expenses are not unanticipated); or (iv) such reimbursement is expressly provided for herein or such expense is expressly
described herein as a Trust Fund Expense.

 

(f)           Except as otherwise expressly provided herein, no transfer, sale, pledge or other disposition of the Servicer’s right to
receive all or any portion of the servicing compensation (or the Special Servicer’s right to receive all or any portion
of the Special Servicing Fee) or other servicing compensation provided for herein shall be made, and any such attempted transfer,
sale, pledge or other disposition shall be void, unless such transfer is made to a successor Servicer or successor Special Servicer,
as applicable, in connection with the assumption by such successor of the duties hereunder pursuant to Section 7.2.

 

(g)          As compensation for its activities hereunder, on each Distribution Date the Certificate Administrator shall be entitled to the
Certificate Administrator Fee (including that portion which is payable to the Trustee as the Trustee Fee). Except as otherwise
provided herein, the Certificate Administrator’s fee includes all routine expenses of the Trustee, the Certificate Administrator
and the Authenticating Agent. Each of the Trustee’s and Certificate Administrator’s rights to the Certificate Administrator
Fee (including that portion of the Certificate Administrator Fee that represents the Trustee Fee, which is payable to the Trustee)

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may not be transferred in whole or in part except in connection with the transfer of all of the Trustee’s or Certificate
Administrator’s, as applicable, responsibilities and obligations under this Agreement.

 

(h)          KeyBank National Association, and any successor holder of the Excess Servicing Fee Rights shall be entitled, at any time, at its
own expense, to transfer, sell, pledge or otherwise assign such Excess Servicing Fee Rights in whole (but not in part), to a QIB
or Institutional Accredited Investor (other than a Plan), provided that no such transfer, sale, pledge or other assignment
shall be made unless (i) that transfer, sale, pledge or other assignment is exempt from the registration and/or qualification
requirements of the Act and any applicable state securities laws and is otherwise made in accordance with the Act and such state
securities laws, (ii) the prospective transferor shall have delivered to the Depositor a certificate substantially in the form
attached as Exhibit N-1 hereto, and (iii) the prospective transferee shall have delivered to KeyBank National Association,
and the Depositor a certificate substantially in the form attached as Exhibit N-2 hereto. None of the Depositor, the
Trustee or the Certificate Registrar is obligated to register or qualify an Excess Servicing Fee Right under the Act or any other
securities law or to take any action not otherwise required under this Agreement to permit the transfer, sale, pledge or assignment
of an Excess Servicing Fee Right without registration or qualification. KeyBank National Association, and each holder of an Excess
Servicing Fee Right desiring to effect a transfer, sale, pledge or other assignment of such Excess Servicing Fee Right shall,
and KeyBank National Association, hereby agrees, and each such holder of an Excess Servicing Fee Right by its acceptance of such
Excess Servicing Fee Right shall be deemed to have agreed, in connection with any transfer of such Excess Servicing Fee Right
effected by such Person, to indemnify the Certificateholders, the VRR Interest Owner, the Trust, the Depositor, the Initial Purchasers,
the Certificate Administrator, the Trustee, the Servicer and the Special Servicer against any liability that may result if such
transfer is not exempt from registration and/or qualification under the Act or other applicable federal and state securities laws
or is not made in accordance with such federal and state laws or in accordance with the foregoing provisions of this paragraph.
By its acceptance of an Excess Servicing Fee Right, the holder thereof shall be deemed to have agreed not to use or disclose such
information in any manner that could result in a violation of any provision of the Act or other applicable securities laws or
that would require registration of such Excess Servicing Fee Right or any Certificate pursuant to the Act. Following any transfer,
sale, pledge or assignment of an Excess Servicing Fee Right or the termination of KeyBank National Association, as the Servicer,
the Person then acting as the Servicer, shall pay, out of each amount paid to such Servicer as Servicing Fees, the related Excess
Servicing Fees to the holder of such Excess Servicing Fee Right within one Business Day following the payment of such Servicing
Fees to such Servicer, in each case in accordance with payment instructions provided by such holder in writing to such Servicer.
The holder of an Excess Servicing Fee Right shall not have any rights under this Agreement except as set forth in the preceding
sentences of this paragraph. None of the Depositor, the Special Servicer, the Trustee or the Certificate Administrator shall have
any obligation whatsoever regarding payment of the Excess Servicing Fee or the assignment or transfer of the Excess Servicing
Fee Right.

 

(i)           The Special Servicer and its Affiliates shall be prohibited from receiving or retaining any Disclosable Special Servicer Fees
and any Disclosable Special Servicer Fees received by the Special Servicer or any of its Affiliates shall be remitted to the Servicer
to be deposited by the Servicer into the Collection Account within two (2) Business Days of the 

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receipt of such Disclosable Special
Servicer Fees by the Special Servicer or its Affiliates. On any Distribution Date immediately following receipt of any Disclosable
Special Servicer Fees, the Special Servicer shall deliver or cause to be delivered to the Servicer, on the Determination Date
related to such Distribution Date, and the Servicer, to the extent it has received such report, shall deliver to the Certificate
Administrator, without charge, one Business Day prior to the Distribution Date an electronic report which may include HTML, word
or excel compatible format, clean and searchable PDF format or such other format as mutually agreeable between the Certificate
Administrator, the Servicer and the Special Servicer that discloses and contains an itemized listing of any Disclosable Special
Servicer Fees received by the Special Servicer or any of its Affiliates, if any, with respect to such Distribution Date; provided
that no such report will be required in any month during which no Disclosable Special Servicer Fees were received.

 

3.18.       Reports to the Certificate Administrator; Account Statements. (a)  The Servicer shall prepare, or cause to be
prepared, and deliver to the Certificate Administrator, in an electronic format reasonably acceptable to the Certificate Administrator,
consistent with Accepted Servicing Practices, not later than (i) 3:00 p.m. (New York time) two (2) Business Days prior
to each Distribution Date (or, in the case of any Distribution Date occurring less than four (4) Business Days after the related
Determination Date, 9:00 a.m. (New York time) one (1) Business Day prior to such Distribution Date), the CREFC® Loan
Periodic Update File and CREFC® Appraisal Reduction Template, (ii) 1:00 p.m. (New York time) one (1) Business
Day prior to each Distribution Date, any updated CREFC® Loan Periodic Update File, if applicable, and (iii) 3:00
p.m. (New York time) one (1) Business Day prior to each Distribution Date, the remaining CREFC® Reports.

 

The
Servicer shall make the CREFC® Reports (except the CREFC® Bond Level Files, the CREFC® Collateral
Summary File, the CREFC® Special Servicer File, the CREFC® Operating Statement Analysis Report and
the CREFC® NOI Adjustment Worksheet) available (i) prior to the securitization of the Companion Loan, to the Companion
Loan Holders on each Distribution Date; and (ii) following securitization of the Companion Loan, to the master servicer of the
Other Securitization Trust no later than two (2) Business Days after the Determination Date.

 

The
CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be delivered
to the Certificate Administrator by the Servicer (or by the Special Servicer, with respect to Specially Serviced Mortgage Loans
or Foreclosed Property) on a quarterly and annual basis (commencing with the quarter ending June 30, 2022 and year ending December
31, 2022, each within 30 days after receipt by the Servicer or the Special Servicer, as applicable), within 30 days after receipt
by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other
information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report
and the CREFC® NOI Adjustment Worksheet, but will not be deemed to have been received by the Certificate Administrator
until such time as it is actually received; provided, however, that any analysis or report with respect to the first
calendar quarter of each year shall not be required to the extent provided in the then-current applicable CREFC®
guidelines.

 

The
Special Servicer, if the Mortgage Loan is a Specially Serviced Mortgage Loan, and the Servicer, if the Mortgage Loan is not a
Specially Serviced Mortgage Loan, shall 

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use efforts consistent with Accepted Servicing Practices to collect promptly and review
from the Borrower quarterly and annual operating statements, financial statements, budgets and rent rolls of the Property, and
the quarterly and annual financial statements of the Borrower, and any other reports or documents required to be delivered under
the terms of the Mortgage Loan. The Servicer and the Special Servicer shall not be required to request such operating statements
or rent rolls more than once if the Borrower is not required to deliver such statements pursuant to the terms of the Mortgage
Loan documents. Upon request by a Rating Agency, the Servicer or Special Servicer, as applicable, shall deliver copies of any
of the foregoing items so collected thereby to the 17g-5 Information Provider who shall post such items to the 17g-5 Information
Provider’s Website.

 

Additionally,
the Servicer shall deliver the CREFC® Operating Statement Analysis Report and CREFC® NOI Adjustment
Worksheet on a monthly basis to the Certificate Administrator; provided, however, the Servicer shall have no obligation
to update such reports except as set forth in the immediately preceding paragraphs, and no analysis or update shall be required
to the extent such analysis or update is not required to be provided under the then-current applicable CREFC® guidelines.

 

For
the avoidance of doubt, each of the CREFC® reports required to be delivered by the Servicer will be prepared on
a consolidated basis with respect to the Property and not at the individual Property level; provided, further, that
the Certificate Administrator shall not be obligated to separate such reports at the individual Property level.

 

(b)          The Servicer shall furnish to the Certificate Administrator in electronic format the CREFC® Reports produced by
it pursuant to this Agreement not later than the time period specified in Section 3.18(a), and thereafter, to the
17g-5 Information Provider, who shall make such reports available to the Rating Agencies on its website.

 

(c)          The Servicer shall produce the reports described in this Section 3.18 solely from information provided to the Servicer
by the Borrower pursuant to the Mortgage Loan Agreement (without modification, interpretation or analysis) or by the Special Servicer,
the Trust Loan Sellers or Depositor pursuant to this Agreement. None of the Trustee, the Certificate Administrator, the Servicer
or the Special Servicer shall be responsible for the completeness or accuracy of such information (except that the Servicer shall
use efforts consistent with Accepted Servicing Practices to correct patent errors). The Special Servicer shall promptly deliver
to the Servicer the CREFC® Special Servicer Loan File and any applicable CREFC® Loan Liquidation
Reports, CREFC® Loan Modification Reports and CREFC® REO Liquidation Reports and the most recently
prepared or updated CREFC® Operating Statement Analysis Report and CREFC® NOI Adjustment Worksheet
with respect to the Mortgage Loan if it is a Specially Serviced Mortgage Loan and any Foreclosed Property in an electronic format,
reasonably acceptable to the Servicer and the Special Servicer as of the Determination Date.

 

3.19.       Annual Statement as to Compliance. On or before March 1 of each year, commencing in 2023, the Servicer and the Special
Servicer (regardless of whether the Special Servicer has commenced special servicing of the Mortgage Loan), each at its own expense,
shall furnish (and each such party, with respect to each Servicing Function Participant with which it has entered into a servicing
relationship with respect to the Mortgage Loan, shall cause such 

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Servicing Function Participant to furnish) to the Certificate
Administrator, the Depositor, the Trustee and the 17g-5 Information Provider (who shall post such report to the 17g-5 Information
Provider’s Website pursuant to Section 8.14(b)) a report on an assessment of compliance with the Applicable
Servicing Criteria that contains (A) a statement by such Reporting Servicer of its responsibility for assessing compliance
with the Applicable Servicing Criteria, (B) a statement that, to the best of such Reporting Servicer’s knowledge, such
Reporting Servicer used the Servicing Criteria to assess compliance with the Applicable Servicing Criteria, (C) such Reporting
Servicer’s assessment of compliance with the Applicable Servicing Criteria as of and for the period ending the end of the
most recent fiscal year, including, if there has been any material instance of noncompliance with the Applicable Servicing Criteria,
a discussion of each such failure and the nature and status thereof and (D) a statement that a registered public accounting
firm that is a member of the American Institute of Certified Public Accountants has issued an attestation report on such Reporting
Servicer’s assessment of compliance with the Applicable Servicing Criteria as of and for such period. Copies of all compliance
reports delivered pursuant to this Section 3.19 shall be made available to any Privileged Person by the Certificate
Administrator by posting such compliance report to the Certificate Administrator’s Website pursuant to Section 8.14(b).
Each such report shall be addressed to the Depositor (if addressed) and signed by an authorized officer of the applicable company,
and shall address each of the Applicable Servicing Criteria.

 

On
the Closing Date, the Servicer and the Special Servicer, each acknowledge and agree that Exhibit L to this Agreement sets
forth the Applicable Servicing Criteria for such party.

 

No
later than 30 days after the end of each fiscal year for the Trust, the Servicer and the Special Servicer shall notify the Certificate
Administrator and the Depositor as to the name of each Servicing Function Participant utilized by it, in each case, and each such
notice will specify what specific Servicing Criteria will be addressed in the report on assessment of compliance prepared by such
Servicing Function Participant. When the Servicer and the Special Servicer submit their assessments to the Certificate Administrator,
such parties, as applicable, will also at such time include the assessment (and related attestation pursuant to Section 3.20)
of each Servicing Function Participant engaged by it. The fiscal year for the Trust shall be January 1 through December 31 of
each calendar year.

 

In
the event the Servicer or the Special Servicer is terminated or resigns pursuant to the terms of this Agreement, such party shall
provide, and each such party shall cause any Servicing Function Participant engaged by it to provide (and the Servicer and the
Special Servicer shall, with respect to any Servicing Function Participant that resigns or is terminated under any applicable
servicing agreement, cause such Servicing Function Participant to provide) an annual assessment of compliance pursuant to this
Section 3.19, coupled with an attestation as required in Section 3.20 in respect to the period of time
that the Servicer or the Special Servicer was subject to this Agreement or the period of time that the Servicing Function Participant
was subject to such other servicing agreement.

 

On
or before March 1 of each year, commencing in 2023, each of the Servicer and the Special Servicer (regardless of whether the Special
Servicer has commenced special servicing of the Mortgage Loan), each at its own expense, shall furnish (and each party, with respect
to each Servicing Function Participant with which it has entered into a servicing 

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relationship with respect to the Mortgage Loan
(to the extent the same would have been required by Item 1108(a)(2)(i)-(iii) of Regulation AB if the Trust and the securitization
transaction contemplated by this Agreement were required to comply with Regulation AB), shall cause such Servicing Function Participant
to furnish) to the Certificate Administrator, the Depositor, the Trustee and the 17g-5 Information Provider (who shall post such
report to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)) an Officer’s Certificate
of an officer responsible for the servicing activities of such party stating, as to the signer thereof, that (A) a review
of such Person’s activities during the preceding calendar year or portion thereof and of such Person’s performance
under this Agreement or the applicable sub-servicing agreement, as applicable, has been made under such officer’s supervision
and (B) to the best of such officer’s knowledge, based on such review, such Person has fulfilled all its obligations
under this Agreement or the applicable sub-servicing agreement, as applicable, in all material respects throughout such year or
portion thereof, or, if there has been a failure to fulfill any such obligation in any material respect, specifying each such
failure known to such officer and the nature and status thereof. The obligations of each Person under this Section 3.19 apply to each such Person that serviced the Mortgage Loan during the applicable period, whether or not the Person is acting
in such capacity at the time such Officer’s Certificate is required to be delivered. Copies of all Officer’s Certificates
delivered pursuant to this Section 3.19 shall be made available to any Privileged Person by the Certificate Administrator
posting such compliance report to the Certificate Administrator’s Website pursuant to Section 8.14(b).

 

3.20.       Annual
Independent Public Accountants’ Servicing Report. On or before March 1 of each year, commencing in 2023, the Servicer
and the Special Servicer, each at its own expense, shall cause (and each such party, with respect to each Servicing Function Participant
with which it has entered into a servicing relationship with respect to the Mortgage Loan, shall cause such Servicing Function
Participant to cause) a registered public accounting firm (which may also render other services to the Servicer, the Special Servicer
or the applicable Servicing Function Participant, as the case may be) and that is a member of the American Institute of Certified
Public Accountants to furnish a report to the Certificate Administrator, the Depositor, the Trustee and the 17g-5 Information
Provider (who shall post such report to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)),
to the effect that (i) it has obtained a representation regarding certain matters from the management of such Reporting Servicer,
which includes an assessment from such Reporting Servicer of its compliance with the Applicable Servicing Criteria and (ii) on
the basis of an examination conducted by such firm in accordance with standards for attestation engagements issued or adopted
by the Public Company Accounting Oversight Board, it is expressing an opinion as to whether such Reporting Servicer’s assessment
of compliance with the Applicable Servicing Criteria was fairly stated in all material respects, or it cannot express an overall
opinion regarding such party’s assessment of compliance with the Applicable Servicing Criteria. In the event that an overall
opinion cannot be expressed, such registered public accounting firm shall state in such report why it was unable to express such
an opinion. Each accountant’s attestation report required hereunder shall be made in accordance with Rules 1-02(a)(3) and
2-02(g) of Regulation S-X under the Act and the Exchange Act. Such report must be available for general use and not contain
restricted use language. Copies of all statements delivered pursuant to this Section 3.20 shall be made available
to any Privileged Person by the Certificate Administrator posting such statement on the Certificate Administrator’s Website
pursuant to Section 8.14(b).

 

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3.21.       
Access to Certain Documentation Regarding the Mortgage Loan and Other Information.

 

(a)          Upon reasonable advance notice, the Certificate Administrator shall provide reasonable access during its normal business hours
at its Corporate Trust Office to certain reports and to information and documentation in its possession or in its control regarding
the Mortgage Loan to any Privileged Person (which for this purpose excludes each Borrower Related Party, any Manager or their
respective agents or Affiliates); provided, however, that to the extent such reports, information and documentation
is provided to a Rating Agency, the 17g-5 Information Provider shall first post such information to the Certificate Administrator’s
Website. Such information shall include, but shall not be limited to, the CREFC® Reports provided to the Certificate
Administrator by the Servicer.

 

(b)          Upon request of the Depositor or a Rating Agency, the 17g-5 Information Provider shall post on the 17g-5 Information Provider’s
Website any additional information requested by the Depositor or such Rating Agency to the extent such information is delivered
to the 17g-5 Information Provider electronically in accordance with Section 8.14(b). In no event shall the 17g-5 Information
Provider disclose on the 17g-5 Information Provider’s Website which Rating Agency requested such additional information.
In addition, upon delivery by the Depositor to the 17g-5 Information Provider (in an electronic format mutually agreed upon by
the Depositor and the 17g-5 Information Provider) of information designated by the Depositor as having been previously made available
to NRSROs by the Depositor prior to the Closing Date, the 17g-5 Information Provider shall post such information on the 17g-5
Information Provider’s Website pursuant to Section 8.14(b).

 

(c)          [Reserved.]

 

(d)          Upon the request of a Certificateholder or any Beneficial Owner or a prospective purchaser of a Certificate that is a QIB and
is designated as a prospective purchaser by a Certificateholder or Beneficial Owner and, in any case, has delivered an Investor
Certification in the form of Exhibit K-1 hereto to the Depositor and the Certificate Administrator (collectively,
the “Rule 144A Information Recipients”), the Certificate Administrator shall make available to the Rule 144A
Information Recipients such information as is specified pursuant to Rule 144A(d)(4) under the Act (“Rule 144A Information”),
to the extent such Rule 144A Information has been received by the Certificate Administrator.  If the Certificate Administrator
receives a request for Rule 144A Information in connection with the resale of any Certificate by a Certificateholder or Beneficial
Owner, and such Rule 144A Information has not previously been provided to the Certificate Administrator by the Depositor, the
Certificate Administrator shall, within three (3) Business Days of receipt of such request, notify the Depositor of such request
and identify the Rule 144A Information requested.  The Depositor shall use commercially reasonable efforts to provide the
requested Rule 144A Information to the Certificate Administrator, to the extent the requested Rule 144A Information is in the
Depositor’s possession.  The Certificate Administrator shall, within three (3) Business Days of receipt of any additional
Rule 144A Information from the Depositor (i) convey such additional requested Rule 144A Information to the requesting Rule 144A
Information Recipient and (ii) post such additional requested Rule 144A Information on the Certificate Administrator’s Website.

 

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3.22.      
Inspections.  The Servicer shall inspect or cause to be inspected the Property not less frequently than once each
year commencing in 2022, so long as a Special Servicing Loan Event is not then continuing. The Special Servicer shall inspect
or cause to be inspected the Property, as applicable, promptly following the occurrence of a Special Servicing Loan Event and
annually for so long as a Special Servicing Loan Event is continuing; provided that the Servicer will not be required to inspect
a Property if the Special Servicer has inspected the Property in the past 12 months. The Servicer or the Special Servicer, as
applicable, shall further inspect, or cause to be inspected, the Property whenever it receives information that the Property has
been materially damaged, left vacant, or abandoned, or if waste is being committed thereto. All such inspections shall be performed
in such manner as shall be consistent with Accepted Servicing Practices. The cost of the annual inspections referred to in the
first sentence of this paragraph shall be an expense of the Servicer; the cost of all additional inspections referred to in this
paragraph shall be a Trust Fund Expense. The Servicer or Special Servicer, as the case may be, shall prepare a written report
of inspection and deliver it to the Certificate Administrator and Companion Loan Holders in electronic format. The Certificate
Administrator shall post such report on the Certificate Administrator’s Website pursuant to Section 8.14(b).

 

3.23.       Advances. (a)  In the event that all or a portion of any Monthly Payment or an Assumed Monthly Payment, as applicable
(other than Default Interest), representing interest due on the Trust Loan on the related Payment Date has not been received by
the close of business on the Business Day immediately prior to the Remittance Date, the Servicer, subject to its determination
that such amounts are not Nonrecoverable Advances, shall make an advance on such Remittance Date to the Distribution Account,
in an amount equal to such Monthly Payment (or portion thereof) (or in the amount of the Assumed Monthly Payment, or portion thereof,
as applicable) with respect to the Trust Loan that has not been received by the close of business on the Business Day immediately
prior to such Remittance Date (net of the Servicing Fee with respect to the Trust Loan, which shall not be paid to the Servicer
until funds in the Collection Account are available for payment of such fee); provided that neither the Servicer nor any
other party shall be entitled to interest accrued on the amount of any Monthly Payment Advance with respect to the Trust Loan
if the delinquent amount of the Monthly Payment (or, if applicable, the Assumed Monthly Payment) in respect of such Trust Loan
is received by the Servicer or the Certificate Administrator, as applicable, by 2:00 p.m., New York time, on such Remittance Date.
The portion of any Monthly Payment Advance equal to the CREFC® Intellectual Property Royalty License Fee for the
Trust Loan and such Distribution Date will not be remitted to the Certificate Administrator but will be remitted to CREFC®
by the Servicer. The Servicer shall also advance in respect of each Payment Date following (x) a delinquency in the
payment of the Balloon Payment of the Trust Loan or foreclosure (or acceptance of a deed-in-lieu of foreclosure or comparable
conversion) of the Mortgage Loan or (y) not later than the related Remittance Date, to the Distribution Account, the amount
of any Assumed Monthly Payment deemed due with respect to the Trust Loan on such Payment Date. For the avoidance of doubt, in
the event that the amount of interest and/or principal on the Trust Loan is reduced as a result of any modification to the Trust
Loan, any Monthly Payment Advance made with respect to such modified Trust Loan shall be in such amounts as may be required as
a result of such reduction. Notwithstanding anything to the contrary herein and subject to the determination of nonrecoverability
provided in this Section 3.23, in the event that the Property becomes a Foreclosed Property, the Servicer shall continue
to make advances as required pursuant to this Section 3.23(a) with respect to each Payment Date following such event
in an amount equal to 

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the Monthly Payment or Assumed Monthly Payment, as applicable, due or deemed due with respect to the Trust
Loan on such Payment Date, as if the applicable Property had not become a Foreclosed Property and the Trust Loan continued to
be outstanding. If and to the extent such information is not already included in the Distribution Date Statement for the month
in which such Monthly Payment Advance is made, the Servicer shall notify the master servicer and trustee with respect to each
Other Securitization Trust of the amount of any Monthly Payment Advance made pursuant to this Section 3.23(a) within two
Business days of making such advance. The Servicer shall maintain a record of each Monthly Payment Advance it has made pursuant
to this Section 3.23(a) on the Trust Loan and shall notify the Certificate Administrator thereof in the appropriate
CREFC® Reports in order to permit allocation thereof pursuant to Sections 3.4 and 3.5. In the
event that the Servicer does not remit any amounts required to be remitted to the Certificate Administrator on each Remittance
Date (including any amounts required to be remitted pursuant to Section 3.5 and any required Monthly Payment Advance)
to the Certificate Administrator for deposit in the Distribution Account on the Remittance Date, the Servicer shall pay to the
Certificate Administrator interest on such amounts at the federal funds rate for the period from and including the Remittance
Date to but excluding the Distribution Date or, if earlier, the actual remittance date.

 

At
any time that a Trust Appraisal Reduction Amount exists with respect to the Mortgage Loan, the amount that would otherwise be
required to be advanced by the Servicer in respect of delinquent payments of interest on the Trust Loan shall be reduced by multiplying
such amount by a fraction, the numerator of which is the then-outstanding principal balance of the Trust Loan minus the Trust
Appraisal Reduction Amount allocable to the Trust Loan (including any deemed Trust Appraisal Reduction Amount pursuant to Section 3.7(d))
and the denominator of which is the then-outstanding principal balance of the Trust Loan.

 

(b)          Subject to Section (e), the Servicer shall advance, for the benefit of the Certificateholders and the Companion Loan
Holders, to the extent it determines that such amount is recoverable, all customary and reasonable out-of-pocket costs and expenses
incurred by the Servicer or the Special Servicer in the performance of its respective servicing obligations, including, but not
limited, to the costs and expenses incurred in connection with (i) the preservation, restoration, operation and protection
of the Property which, in the Servicer’s sole discretion, exercised in accordance with Accepted Servicing Practices, are
necessary to prevent an immediate or material loss to the Trust Fund’s interest in the Property, (ii) the payment of
(A) real estate taxes, assessments, ground rents and governmental charges that may be levied or assessed against the Borrower
or any of its Affiliates or the Property or revenues therefrom or which become liens on the Property, (B) insurance premiums
and (C) the out-of-pocket costs and expenses of the Servicer or the Special Servicer, as applicable (including, without limitation,
reasonable attorneys’ fees and expenses) to the extent not paid by the Borrower that are incurred in connection with a sale
of the Mortgage Loan, the negotiation of a workout of the Mortgage Loan, an assumption of the Mortgage Loan or a release of the
Property from the lien of the applicable Mortgage, (iii) any enforcement or judicial proceedings, including foreclosures
and including, but not limited to, court costs, reasonable attorneys’ fees and expenses and costs for third party experts,
including Independent Appraisers, environmental and engineering consultants, and (iv) the management, operation and liquidation
of the Property if the Property is acquired by the Trust (collectively, “Property Protection Advances”). In
addition, subject to Section 3.23(e), the Servicer shall advance amounts eligible for withdrawal from the Collection

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Account pursuant to clauses (iii) (other than Servicing Fees), (iv)(b), (v) (to the extent reimbursements
of such amounts are owed to the Trustee only), (vi), (viii) and (x) of Section 3.4(c) (collectively,
“Administrative Advances”) on or prior to the related Distribution Date to the extent (A) such amounts are
not paid from the Collection Account pursuant to the second paragraph of Section 3.4(c) and (B) it determines that
such amounts are payable or reimbursable by the Borrower and would not be a Nonrecoverable Advance. During the continuation of
a Special Servicing Loan Event, the Special Servicer shall give the Servicer and the Trustee not less than five (5) Business Days’
written notice before the date on which the Servicer is requested to make the Property Protection Advance with respect to the
Mortgage Loan or Foreclosed Property; provided, however, that only three (3) Business Days’ written notice
shall be required in respect of Property Protection Advances required to be made on an urgent or emergency basis (which may include,
without limitation, Property Protection Advances required to make tax or insurance payments). In addition, the Special Servicer
shall provide the Servicer with such information in its possession as the Servicer may reasonably request to enable the Servicer
to determine whether a requested Property Protection Advance would constitute a Nonrecoverable Advance. Subject to Section 6.3,
notwithstanding anything herein to the contrary, if the Special Servicer requests that the Servicer make an Advance, the Servicer
may conclusively rely on such request as evidence that such advance is not a Nonrecoverable Advance; provided, however,
that the Special Servicer shall not be entitled to make such a request more frequently than once per calendar month with respect
to Advances other than emergency Advances (although such request may relate to more than one Advance). The Special Servicer shall
not make any Advance.

 

(c)          To the extent the Servicer fails to make an Advance that it is required to make under this Agreement, the Trustee shall be required
to make such Advance pursuant to Section 7.6. It is understood that the obligation of the Servicer and the Trustee
(pursuant to Section 7.6) to make such Advances is mandatory, subject to the limitations set forth in this Agreement
(subject to the applicable recoverability determination), and shall continue to apply with respect to the Trust Loan after any
modification or amendment of the Mortgage Loan pursuant to Section 3.24 hereof, beyond the Maturity Date of the Mortgage
Loan if a payment default shall have occurred on such date and through any court appointed stay period or similar payment delay
resulting from any insolvency of the Borrower or related bankruptcy, notwithstanding any other provision of this Agreement, subject
to the requirement of recoverability, until the earliest of (i) the payment in full of the Mortgage Loan, (ii) the day
on which all of the Property become liquidated or (iii) the day on which the Mortgage Loan is sold.

 

(d)          Interest on each Advance made by the Servicer or the Trustee shall accrue for each day that such Advance is outstanding at a rate
of interest equal to the “prime rate” published in the “Money Rates” section of The Wall Street Journal;
if The Wall Street Journal ceases to publish the “prime rate”, then the Servicer shall select an equivalent
publication that publishes such “prime rate”, and if such “prime rate” is no longer generally published
or is limited, regulated or administered by a governmental or quasi-governmental body, then the Servicer shall reasonably select
a comparable interest rate index (the “Advance Rate”) for each such day (or the most recent day on which the
“prime rate” was reported, if not reported on such day) on the basis of a year of 360 days and the actual number of
days elapsed in a month. Interest on the Advances shall compound annually. If the context requires, each reference to the reimbursement
or payment of an Advance also includes, whether or not specifically referred to,

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 payment or reimbursement of interest thereon
at the Advance Rate through but excluding the date of payment or reimbursement.

 

(e)          Notwithstanding any other provision in this Agreement, the Servicer or the Trustee, as applicable, shall be obligated to make
an Advance only to the extent that the Servicer or the Trustee, as applicable, has determined that such Advance, together with
interest thereon at the Advance Rate, would not constitute a Nonrecoverable Advance if made. The Trustee and the Servicer, in
that order, shall be entitled to reimbursement for any such Advances relating to the Trust Loan or the Mortgage Loan, as applicable,
from the Collection Account and shall obtain such reimbursement in accordance with Section 3.4(c). If the context
requires, each reference to the reimbursement or payment of an Advance shall be deemed to include, whether or not specifically
referred to, payment or reimbursement of interest thereon at the Advance Rate through but excluding the date of payment or reimbursement.

 

(f)           The determination by the Servicer or the Trustee that it has made a Nonrecoverable Advance or that any proposed Advance, if made,
would constitute a Nonrecoverable Advance, shall be evidenced by the delivery of an Officer’s Certificate in electronic
format to the Companion Loan Holders, the Certificate Administrator, the Trustee (if such determination is made by the Servicer),
the Servicer, the Special Servicer, and the Directing Holder (so long as no Consultation Termination Event has occurred), detailing
the reasons for such determination with supporting documents attached. Such Officer’s Certificate shall be made available
to any Privileged Person by the Certificate Administrator posting such Officer’s Certificate to the Certificate Administrator’s
Website in accordance with Section 8.14(b). The costs of any appraisals, engineering reports, environmental reports
or surveys and other information requested by the Servicer or the Trustee establishing an Advance as a Nonrecoverable Advance
shall be treated as Trust Fund Expenses, payable from the Collection Account pursuant to Section 3.4(c), and shall
constitute a Property Protection Advance or Administrative Advance, as applicable, if paid by the Servicer or the Trustee from
its funds. Subject to Section 6.3, the Servicer’s reasonable determination of nonrecoverability in accordance
with the above provisions shall be conclusive and binding on the Trustee and the Trustee shall be entitled to rely conclusively
thereupon. The Trustee, in determining whether or not a proposed Advance would be a Nonrecoverable Advance, shall make such determination
in its commercially reasonable judgment, solely in its capacity as Trustee.

 

(g)          The Servicer and the Trustee are not obligated to advance or pay (i) delinquent scheduled payments with respect to any Companion
Loan, (ii) any Balloon Payment with respect to the Trust Loan (but are obligated to advance the related Assumed Monthly Payment
in accordance with the terms of this Agreement), (iii) any Default Interest, late payment charges or Yield Maintenance Premiums,
(iv) amounts required to cure any damages resulting from Uninsured Causes (except as required pursuant to Section 3.12(c)),
any failure of the Property to comply with any applicable law, including any environmental law, or (except in connection with
the foreclosure or other acquisition of the Property in accordance with Section 3.12 upon the occurrence of a Mortgage
Loan Event of Default) to investigate, test, monitor, contain, clean up, or remedy an environmental condition present at the Property,
(v) any losses arising with respect to defects in the title to the Property, (vi) any costs of capital improvements
to the Property other than those necessary to prevent an immediate or material loss to the Trust’s interest in the Property
or (vii) subordinated obligations. In addition, the 

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Servicer and the Trustee shall have no obligation to make any Monthly
Payment Advances with respect to the Companion Loans.

 

(h)          The Servicer or the Trustee may consider (among other things) the following when making a non-recoverability determination: (a)
the existence of any outstanding Nonrecoverable Advance (plus accrued and unpaid interest thereon) with respect to the Trust Loan,
the Mortgage Loan or Foreclosed Property the reimbursement of which, at the time of such consideration, is being deferred or delayed
by the Servicer or the Trustee, (b) the obligations of the Borrower under the terms of the Mortgage Loan as it may have been
modified, (c) the Property in its “as-is” or then-current conditions and occupancies, as modified by such party’s
assumptions (consistent with Accepted Servicing Practices in the case of the Servicer and the Special Servicer or in its commercially
reasonable judgment in the case of the Trustee, solely in its capacity as Trustee) regarding the possibility and effects of future
adverse changes with respect to the Property, (d) future expenses and (e) the timing of recoveries.

 

3.24.       Modifications
of Mortgage Loan Documents. (a) (i) The Servicer (if no Special Servicing Loan Event has occurred and is continuing) or the
Special Servicer (if a Special Servicing Loan Event occurs and is continuing) may, subject to (x) the consent of the Directing
Holder (subject to limitations on such consent pursuant to Section 9.3) prior to the occurrence and continuance of a Control
Termination Event, and (y) the consultation and review rights of the Directing Holder (subject to limitations on such rights pursuant
to Section 9.3) after the occurrence and during the continuance of a Control Termination Event but prior to the occurrence
of a Consultation Termination Event, modify, waive or amend any term of the Mortgage Loan if such modification, waiver or amendment
(a) is consistent with Accepted Servicing Practices and (b) does not cause an Adverse REMIC Event (and the Servicer
or the Special Servicer, as applicable, may obtain and be entitled to rely upon an Opinion of Counsel in connection with such
determination). Notwithstanding anything herein to the contrary, in no event may the Servicer or the Special Servicer permit an
extension of the Maturity Date beyond the date that is the earlier of (a) seven years prior to the latest Rated Final Distribution
Date and (b) 20 years or, to the extent consistent with Accepted Servicing Practices giving due consideration to the remaining
term of the ground lease, 10 years, prior to the end of the current term of the ground lease, plus any options to extend the ground
lease exercisable unilaterally by the Borrower. In connection with (i) the release of the Property or portion thereof from
the lien of the related Mortgage or (ii) the taking of the Property or portion thereof by exercise of the power of eminent
domain or condemnation, if the Mortgage Loan Documents require the Servicer or the Special Servicer, as applicable, to calculate
the loan-to-value ratio of the remaining Property, for purposes of REMIC qualification of the Trust Loan, then, unless then permitted
by the REMIC Provisions, such calculation shall exclude the value of personal property and going concern value, if any. If, following
any such release or taking, the loan to value ratio as calculated is greater than 125%, the Servicer or the Special Servicer,
as the case may be, shall require payment of principal by a “qualified amount” as determined under Revenue Procedure
2010-30 or successor provisions, unless the Borrower provides an Opinion of Counsel that if such amount is not paid, the Mortgage
Loan will not fail to be a “qualified mortgage” within the meaning of Section 860G(a)(3) of the Code. The Servicer
shall promptly provide to the Special Servicer notice of all Borrower requests related to any Mortgage Loan modification or assumption
and, so long as no Consultation Termination Event is continuing, the Special Servicer shall forward such notice to the Directing
Holder.

 

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(b)          All modifications, waivers or amendments of the Mortgage Loan shall be in writing and shall be effected in a manner consistent
with Accepted Servicing Practices and the REMIC Provisions and the provisions of the Co-Lender Agreement. The Servicer or the
Special Servicer, as applicable, shall notify the Servicer (if notice is given by the Special Servicer), the Special Servicer
(if notice is given by the Servicer), the Trustee, the Certificate Administrator, the Companion Loan Holders and the Depositor
and, so long as no Consultation Termination Event has occurred, the Directing Holder, in writing, of any modification, waiver
or amendment of any term of the Mortgage Loan and the date thereof, and shall deliver to the Custodian (with a copy to the Trustee
and each Companion Loan Holder) an original recorded (if applicable) counterpart of the agreement relating to such modification,
waiver or amendment within ten (10) Business Days following the execution and recordation (if appropriate) thereof. In the event
the Servicer or Special Servicer, or a court of competent jurisdiction in connection with a workout or proposed workout of the
Mortgage Loan, modifies the interest rate applicable to the Mortgage Loan, the aggregate adverse economic effect of the modification
(if any) required to be borne by the holders of the Trust Notes pursuant to the Co-Lender Agreement shall be applied to the Non-VRRC
Certificates, in reverse order of seniority. If the Mortgage Loan is modified, the Net Trust Note Rate shall not change for purposes
of distributions on the Certificates and the VRR Interest.

 

(c)          Subject to Section 3.28, any modification of the Mortgage Loan Documents that requires a Rating Agency Confirmation
pursuant to the Mortgage Loan Documents, or any modification that would eliminate, modify or alter the requirement of obtaining
such Rating Agency Confirmation in the Mortgage Loan Documents, shall not be made without the Servicer’s or the Special
Servicer’s, as applicable, first receipt of such Rating Agency Confirmation. Such Rating Agency Confirmation shall be obtained
at the Borrower’s expense in accordance with the Mortgage Loan Agreement or, if not so provided in the Mortgage Loan Agreement
or if the Borrower does not pay as a Trust Fund Expense.

 

(d)          Notwithstanding the foregoing, the Servicer and (if a Special Servicing Loan Event is continuing) the Special Servicer may, in
accordance with Accepted Servicing Practices (without any Rating Agency Confirmation or consent of the Directing Holder), grant
the Borrower’s request for consent to subject the Property to an easement, right-of-way or similar agreement for utilities,
access, parking, public improvements or another similar purpose and may consent to subordination of the Mortgage Loan to such
easement, right-of-way or similar agreement. Neither the Servicer nor the Special Servicer may condition the granting of any such
request on receipt of Rating Agency Confirmation if such condition would not be consistent with or permitted by the Mortgage Loan
Documents.

 

(e)          Subject to Section 3.28 of this Agreement, prior to implementing any of the actions under the definition of RAC Decision,
the Servicer or Special Servicer shall obtain a Rating Agency Confirmation from each Rating Agency.

 

(f)           Notwithstanding the foregoing, the Servicer shall not permit the substitution of the Property pursuant to the defeasance provisions
of the Mortgage Loan Agreement unless such defeasance complies with Treasury Regulations Section 1.860G-2(a)(8)(ii) and the Servicer
has (i) received replacement collateral consisting of government securities within the meaning of Treasury Regulations Section
1.860G-2(a)(8)(ii), which satisfies 

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the requirements of the Mortgage Loan Documents, in an amount sufficient to make all scheduled
payments required under the terms of the Mortgage Loan when due, (ii) received a certificate of an Independent certified
public accountant to the effect that such substituted property will provide cash flows sufficient to meet all payments of interest
and principal (including payments at maturity) on the Mortgage Loan in compliance with the requirements of the terms of the
Mortgage Loan Documents, (iii) received one or more Opinions of Counsel (at the expense of the related Borrower) to the effect
that the Trustee, on behalf of the Trust Fund, will have a first priority perfected security interest in such substituted property;
provided, however, that, to the extent consistent with the Mortgage Loan Documents, the Borrower shall pay the cost
of any such opinion as a condition to granting such defeasance, (iv) to the extent consistent with the Mortgage Loan Documents,
the Borrower shall have designated a single purpose entity to act as a successor mortgagor, if so required by the Rating Agencies,
(v) to the extent permissible under the Mortgage Loan Documents, the Servicer shall use its reasonable efforts to require
the Borrower to pay all costs of such defeasance, including but not limited to the cost of maintaining any successor mortgagor,
and (vi) to the extent permissible under the Mortgage Loan Documents, the Servicer shall obtain, at the expense of the Borrower,
Rating Agency Confirmation from each Rating Agency. If the Servicer receives notice of a request for defeasance with respect to
the Mortgage Loan, the Servicer shall provide upon receipt of such notice, written notice of such defeasance request to each Trust
Loan Seller or its respective assignee and until such time as a Trust Loan Seller provides written notice to the contrary,
notice of a defeasance of the Mortgage Loan shall be delivered to such Trust Loan Seller pursuant to the notice provisions of
the Trust Loan Purchase Agreement.

 

(g)          The Servicer shall deposit all payments received by it from defeasance collateral substituted for the Property into the Collection
Account and treat any such payments as payments made on the Mortgage Loan in advance of its Payment Date, and not as a prepayment
of the Mortgage Loan. The Servicer shall deposit all payments received by it from defeasance collateral substituted for the Property
into the Collection Account and treat any such payments as payments made on the Mortgage Loan in advance of its Payment Date,
and not as a prepayment of the Mortgage Loan. Notwithstanding anything herein to the contrary, in no event shall the Servicer
permit such amounts to be maintained in the Collection Account for a period in excess of 365 days (or 366 days in the case of
a leap year).

 

(h)          Subject to the terms of this Section 3.24, the Servicer or the Special Servicer (with regard to the Specially Serviced
Mortgage Loan) shall be permitted to waive all or any portion of Default Interest to the extent consistent with Accepted Servicing
Practices. Failure to waive any Default Interest by the Servicer or the Special Servicer shall not in any way be deemed a violation
of Accepted Servicing Practices.

 

3.25.       Conflicts of Interests; Mandatory Resignation of Servicer and Special Servicer. (a) The Servicer, the Special Servicer
and any agent thereof in its individual or any other capacity may become the owner or pledgee of Certificates with the same rights
it would have if it were not the Servicer or the Special Servicer or such agent except as otherwise provided herein subject to
the restrictions on voting set forth in the definition of Certificateholder.

 

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(b)          Neither
the Special Servicer nor any of its Affiliates shall resign from its obligations and duties as Servicer or Special Servicer, as
applicable, under this Agreement, except as provided in Section 6.4 hereof. In the event that the Special Servicer
becomes a Borrower Related Party, the Special Servicer shall promptly notify the Trustee and the Certificate Administrator of
such affiliation. Upon receipt of such notice, the Trustee shall promptly send a request to the Special Servicer requesting that
the Special Servicer resign as Special Servicer and promptly appoint a replacement special servicer in accordance with Section 6.4 of this Agreement. In the event that no replacement Special Servicer is appointed within thirty (30) days for any reason after
receipt by the Trustee of a notice of such affiliation, the Trustee may petition the court for appointment of a successor Special
Servicer at the expense of resigning Special Servicer.

 

3.26.       
Intercreditor Agreement. The Servicer or Special Servicer, as applicable, shall exercise, comply with, perform and/or enforce
the rights and obligations of the Trust as successor-in-interest to the mortgagee under the terms of the Co-Lender Agreement.
The rights of the Trust and the Certificateholders in and under the Mortgage Loan and the Mortgage Loan Documents shall be subject
to the terms of the Co-Lender Agreement.

 

3.27.       
Additional Matters with Respect to the Loan.

 

(a)          In the event that a Trust Loan Seller (a “Repurchasing Seller”) repurchases its respective Note (each, a “Repurchased
Note”) in accordance with Section 2.9 of this Agreement and Section 8 of the Trust Loan Purchase Agreement,
and one or more Companion Loan Notes remain outstanding and are held by one or more Other Securitization Trusts, the Servicer
and Special Servicer agree that pursuant to Sections 2 and 5 of the Co-Lender Agreement, the provisions of this Agreement and
the Co-Lender Agreement shall continue to apply with respect to the servicing and administration of the Mortgage Loan (and each
Trust Loan Seller has agreed to such provisions in the Trust Loan Purchase Agreement) until such time all of the Trust Notes are
repurchased by the Trust Loan Sellers or otherwise no longer part of the Trust, and the related successor holders thereof and
the Companion Loan Holders have entered into a replacement servicing agreement with respect to the Mortgage Loan or the Companion
Loan Notes are repurchased from their respective Other Securitization Trusts.

 

(b)          Custody of the respective Mortgage Loan Documents shall be held exclusively by the Custodian, and record title under the respective
Mortgage Loan Documents shall be held exclusively by the Trustee, on behalf of the Certificateholders, as provided under this
Agreement, except that the Repurchasing Seller shall hold and retain title to its original Repurchased Note and any related endorsements
thereof.

 

(i)           Payments from the Borrower or any other amounts received with respect to each Note shall be collected as provided in this Agreement
by the Servicer and shall be applied to each related Note in accordance with the Co-Lender Agreement, subject to Section 3.27(b)(ii).
In the event that the Property becomes Foreclosed Property, payments or any other amounts received with respect to the Mortgage
Loan shall be collected and shall be applied to each Note in accordance with the Co-Lender Agreement and this Agreement, subject
to Section 3.27(b)(ii). Payments or any other amounts received with respect to the related Repurchased Note shall be held
in trust by 

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the Servicer for the benefit of the Repurchasing Seller and remitted (net of the Servicing Fees, Special Servicing
Fees, Certificate Administrator Fees (including that portion of the Certificate Administrator Fees that represents the Trustee
Fees, which are payable to the Trustee) and any Trust Fund Expenses, Property Protection Advances and any interest accrued thereon
at the Advance Rate that are allocable to or attributable to such Repurchased Note in accordance with the Co-Lender Agreement
and Section 3.27(b)(ii)) to the Repurchasing Seller or its designee by the Servicer on or before each Distribution Date
pursuant to instructions provided by the Repurchasing Seller and deposited and applied in accordance with this Agreement.

 

(ii)          In the event that the Servicer or the Special Servicer, as applicable, receives an aggregate payment of less than the aggregate
amount due under the Mortgage Loan at any particular time, the Repurchasing Seller shall be entitled to receive from the Servicer
an amount equal to the Repurchasing Seller’s allocable share of such payment as determined in accordance with the Co-Lender
Agreement and this Section 3.27(b)(ii). All expenses, losses and shortfalls including, without limitation, losses of principal
or interest, Advances that have been declared Nonrecoverable Advances, interest on Advances, Special Servicing Fees, Work-out
Fees and Liquidation Fees (including any such fees related to the related Notes) and other Trust Fund Expenses relating to the
servicing and administration of the Mortgage Loan will be allocated to the holders of the Notes in accordance with the Co-Lender
Agreement. All expenses, losses and shortfalls including, without limitation, losses of principal or interest, Advances that have
been declared Nonrecoverable Advances, interest on Advances, Special Servicing Fees, Work-out Fees and Liquidation Fees (including
any such fees related to the related Notes) and other Trust Fund Expenses that are allocated to the Repurchased Notes shall be
borne by the applicable Repurchasing Seller and shall reduce the amount of collections in respect of the Repurchased Notes that
are distributable to the Repurchasing Seller.

 

(iii)         For so long as the Mortgage Loan shall be serviced by the Servicer or the Special Servicer in accordance with this Agreement,
the Servicer or the Special Servicer, as applicable, on behalf of the holders thereof shall administer the Mortgage Loan consistent
with the terms of this Agreement. The Repurchasing Seller shall not be permitted to terminate the Servicer or Special Servicer
as servicer or special servicer of the related Repurchased Note. All rights of the mortgagee under the Mortgage Loan will be exercised
by the Servicer or Special Servicer, on behalf of the Trust, the Repurchasing Seller and the Companion Loan Holders to the extent
of their respective interest therein (as a collective whole) in accordance with this Agreement, taking into account the interests
of each of the holders of the Notes and the subordination of the B Notes to the A Notes. Neither the Servicer nor the Trustee
shall have any obligation to make P&I Advances with respect to the repurchased portion.

 

(iv)         Funds collected by the Servicer or the Special Servicer, as applicable, and applied to the Notes shall be deposited and disbursed
in accordance with the provisions hereof. Compensation shall be paid to the Trustee, Certificate Administrator, Servicer, Special
Servicer and CREFC® with respect to the related Repurchased Note as provided in this Agreement. None of the Trustee,
the Certificate Administrator, the Servicer or 

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the Special Servicer shall have any obligation to make any Monthly Payment Advance
with respect to the related Repurchased Note. The Servicer, Certificate Administrator and the Special Servicer shall have no reporting
requirement with respect to the related Repurchased Note other than that the holder of the related Repurchased Note, subject to
delivery by such holder of an Investor Certification, shall be entitled to receive any and all reports and have access to any
and all information that a Certificateholder would otherwise have under the terms of this Agreement.

 

(c)          If any Note is considered a Specially Serviced Mortgage Loan, then each Note shall be a Specially Serviced Mortgage Loan under
this Agreement. The Special Servicer shall cause such related Repurchased Note to be specially serviced for the benefit of the
Repurchasing Seller in accordance with the terms and provisions set forth in this Agreement and shall be entitled to any Special
Servicing Fee, Work-out Fee or Liquidation Fee that would be payable to the Special Servicer under this Agreement.

 

(d)          If (A) the Servicer shall pay any amount to the Repurchasing Seller pursuant hereto in the belief or expectation that a related
payment has been made or will be received or collected and (B) such related payment is not received or collected by the Servicer,
then the Repurchasing Seller will promptly on demand by the Servicer return such amount to the Servicer. If the Servicer determines
at any time that any amount received or collected by the Servicer in respect of the Mortgage Loan must be returned to the Borrower
or paid to any other Person or entity pursuant to any insolvency law or otherwise, notwithstanding any other provision of this
Agreement, the Servicer shall not be required to distribute any portion thereof to the Repurchasing Seller, and the Repurchasing
Seller will promptly on demand by the Servicer repay, which obligation shall survive the termination of this Agreement, any portion
thereof that the Servicer may have distributed to the Repurchasing Seller, together with interest thereon at such rate, if any,
as the Servicer may pay to the Borrower or such other Person or entity with respect thereto.

 

(e)          Subject to this Agreement, the Servicer, or the Special Servicer, as applicable, on behalf of the holders of the Repurchased Note,
shall have the exclusive right and obligation to (i) administer, service and make all decisions and determinations regarding the
Mortgage Loan, and (ii) enforce the Mortgage Loan Documents as provided hereunder. Without limiting the generality of the preceding
sentence, the Servicer, or Special Servicer, as applicable, may provide consent to any action or inaction under the Mortgage Loan
Documents, agree to any modification, waiver or amendment of any term of, forgive interest on and principal of, capitalize interest
on, permit the release, addition or substitution of collateral securing, and/or permit the release of the Borrower on or any guarantor
of the Mortgage Loan without the consent of the Repurchasing Seller, subject, however, to Section 3.24.

 

(f)           In taking or refraining from taking any action permitted hereunder, the Servicer and the Special Servicer shall each be subject
to the same degree of care with respect to the administration and servicing of the Mortgage Loan as is consistent with this Agreement;
and shall only be liable to the Repurchasing Seller to the same extent as set forth herein as it is liable to the Trust.

 

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(g)          If the Trustee or the Servicer has made a Property Protection Advance or an Administrative Advance with respect to the Mortgage
Loan that would otherwise be reimbursable to such advancing party under this Agreement, and such Advance is determined to be a
Nonrecoverable Advance, the Repurchasing Seller shall reimburse the Trustee, the Certificate Administrator, the Servicer or the
Special Servicer, as applicable, in an amount equal to its allocable share of such Nonrecoverable Advance and accrued interest
thereon at the Advance Rate as determined in accordance with Section 2(e) of the Co-Lender Agreement and Section 3.27(b)(ii).

 

(h)          The Repurchasing Seller shall have the right to assign the related Repurchased Note; provided that the assignee of the
related Repurchased Note shall agree in writing to be bound by the terms of this Agreement.

 

(i)           The Servicer and the Special Servicer shall, in connection with their servicing and administrative duties under this Agreement,
exercise efforts consistent with the Accepted Servicing Practices to execute and deliver, on behalf of the Repurchasing Seller
as a holder of the related Repurchased Note, any and all documents and instruments necessary to maintain the lien created by the
Mortgage or other security document related to the Mortgage Loan on the Property and related collateral, any and all modifications,
waivers, amendments or consents to or with respect to the Mortgage Loan Documents, and any and all instruments of satisfaction
or cancellation, or of full release or discharge, and all other comparable instruments with respect to the related Repurchased
Note or related Repurchased Notes and the Property all in accordance with, and subject to, the terms of this Agreement. The Repurchasing
Seller agrees to furnish, or cause to be furnished, to the Servicer and the Special Servicer any powers of attorney or other documents
necessary or appropriate to enable the Servicer or the Special Servicer, as the case may be, to carry out its servicing and administrative
duties under this Agreement related to the Mortgage Loan; provided, however, that the Repurchasing Seller shall
not be liable, and shall be indemnified by the Servicer or the Special Servicer, as applicable, for any negligence with respect
to, or misuse of, any such power of attorney by the Servicer or the Special Servicer, as the case may be; and further provided
that the Servicer or the Special Servicer, without the written consent of the Repurchasing Seller, shall not initiate any
action in the name of the Repurchasing Seller without indicating its representative capacity that actually causes the Repurchasing
Seller to be registered to do business in any state.

 

(j)           The Repurchasing Seller agrees to deliver to the Servicer or the Special Servicer, as applicable the Mortgage Loan Documents related
to the related Repurchased Note or related Repurchased Notes, as applicable, any receipt for release and any court pleadings,
requests for trustee’s sale or other documents necessary to the foreclosure or trustee’s sale in respect of the Property
or to any legal action or to enforce any other remedies or rights provided by the Note(s) or the Mortgage or otherwise available
at law or equity with respect to the related Repurchased Note.

 

The
rights granted to the Repurchasing Seller under this Section 3.27 shall in all respects be subject to the general rights,
indemnification in favor of the Certificate Administrator, Trustee, Servicer and Special Servicer, protections, limitations on
liability and immunities granted to the parties in this Agreement (including, but not limited to, Section 6.3) and this
Section 3.27 shall not be construed to limit such indemnification in favor of the 

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Certificate Administrator, Trustee, Servicer
and Special Servicer rights, protections, limitations on liability and immunities which shall apply to all the Notes, including
the Repurchased Note.

 

3.28.       Rating Agency Confirmation. (a)  Notwithstanding the terms of any related Mortgage Loan Documents or other provisions
of this Agreement, if any action under any Mortgage Loan Documents or this Agreement requires a Rating Agency Confirmation or
a written confirmation from a Rating Agency that any action will not cause a downgrade, withdrawal or qualification of the then-current
ratings on the Certificates as a condition precedent to such action, if the party (the “Requesting Party”)
seeking to obtain such Rating Agency Confirmation or written confirmation has made a request to any Rating Agency for such Rating
Agency Confirmation or written confirmation and, within ten (10) Business Days of such request being sent to the applicable Rating
Agency, such Rating Agency has not replied to such request or has responded in a manner that indicates that such Rating Agency
is either declining to review such request or waiving the requirement for Rating Agency Confirmation or written confirmation,
then such Requesting Party shall be required to (i) confirm (through direct communication and not by posting any confirmation
on the 17g-5 Information Provider’s Website) that the applicable Rating Agency has received the Rating Agency Confirmation
or written confirmation request, and, if it has, promptly request the related Rating Agency Confirmation or written confirmation
again, and (ii) if there is no response to either such Rating Agency Confirmation or written confirmation request within
five (5) Business Days of such second request, then (x) with respect to any condition in any Mortgage Loan Document requiring
such Rating Agency Confirmation or such written confirmation or any other matter under this Agreement relating to the servicing
of the Trust Loan (other than as set forth in clause (y) below), such condition shall be deemed to be satisfied
(provided that granting such request is in accordance with Accepted Servicing Practices), and (y) such replacement shall
be deemed satisfied if (A) such replacement Servicer or Special Servicer has a ranking higher than or equal to “MOR CS3”
as a Servicer or Special Servicer, as applicable, or (B) if the replacement currently serves as a master or special servicer,
as applicable, in a CMBS transaction currently rated by DBRS Morningstar and DBRS Morningstar has not cited servicing concerns
of the replacement servicer or special servicer, as applicable, 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 a securities in a CMBS transaction serviced by such servicer or special servicer prior to the time of determination if DBRS
Morningstar is the non-responding Rating Agency.

 

Any
Rating Agency Confirmation requests made by the Servicer, Special Servicer, Certificate Administrator or Trustee, as applicable,
pursuant to this Agreement, shall be made in writing (and email shall be sufficient as a writing), which writing shall contain
a cover page indicating the nature of the Rating Agency Confirmation request, and shall contain all back-up material the Servicer,
the Special Servicer, the Certificate Administrator or the Trustee, as applicable, reasonably deems necessary for the Rating Agency
to process such request. Such written Rating Agency Confirmation request shall be provided in electronic format to the 17g-5 Information
Provider, and the 17g-5 Information Provider shall post such request on the 17g-5 Information Provider’s Website in accordance
with Section 8.14(b).

 

Promptly
following the Servicer’s or the Special Servicer’s determination to take any action discussed in this Section 3.28(a)
following any requirement to obtain a Rating Agency 

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Confirmation being considered satisfied, the Servicer or the Special Servicer,
as applicable, shall provide written notice to the 17g-5 Information Provider of the action taken for the particular item at such
time, and the 17g-5 Information Provider shall post such notice on the 17g-5 Information Provider’s Website in accordance
with Section 8.14(b).

 

3.29.       Miscellaneous Provisions.

 

(a)          [Reserved]

 

(b)          Notwithstanding the terms of the related Loan Documents, the other provisions of this Agreement or the Co-Lender Agreement, with
respect to any Companion Loan as to which there exists Companion Loan Securities, if any action relating to the servicing and
administration of the Mortgage Loan or any Foreclosed Property, any amendment to this Agreement or replacement of the Servicer,
the Special Servicer or the Certificate Administrator, the Trustee (a “Relevant Action”) requires delivery
of a Rating Agency Confirmation as a condition precedent to such action pursuant to this Agreement, then, except as set forth
below in this paragraph, such action shall also require delivery of a Companion Loan Rating Agency Confirmation to the master
servicer, the special servicer, the certificate administrator or the operating advisor to any Other Securitization Trust as a
condition precedent to such action from each Companion Loan Rating Agency. Each Companion Loan Rating Agency Confirmation shall
be sought by the Servicer or the Special Servicer, as applicable, depending on whichever such party is seeking the corresponding
Rating Agency Confirmation(s) in connection with a Relevant Action. The requirement to obtain a Companion Loan Rating Agency Confirmation
with respect to any Companion Loan Securities will be permitted to be waived by the Servicer and the Special Servicer on, and
will be deemed not to apply on, the same terms and conditions applicable to obtaining Rating Agency Confirmations, as set forth
in this Agreement; provided, that the Servicer or Special Servicer, as applicable, depending on which is seeking the subject
Companion Loan Rating Agency Confirmation, shall forward to one or more of its counterparts (i.e., the master servicer or special
servicer, as applicable), the 17g-5 Information Provider’s counterpart, or such other party or parties (as are agreed to
by the Servicer or the Special Servicer, as applicable, and the applicable parties for the related Other Securitization Trust),
at the expense of the Other Securitization Trust to the extent not borne by the Borrower, and in such format as the sender and
recipient may reasonably agree, (i) the request for such Companion Loan Rating Agency Confirmation all materials forwarded
to the 17g-5 Information Provider under this Agreement in connection with seeking the Rating Agency Confirmation(s) for the applicable
Relevant Action at approximately the same time that such materials are forwarded to the 17g-5 Information Provider, and (ii) any
other materials that the applicable Companion Loan Rating Agency may reasonably request in connection with such Companion Loan
Rating Agency Confirmation promptly following such request.

 

3.30.       [Reserved]

 

3.31.       Companion Loan Intercreditor Matters.

 

(a)          If, pursuant to Section 3.16 of this Agreement, the Trust Loan is, in its entirety, purchased or repurchased from the Trust
Fund, the subsequent holder thereof shall be bound by the terms of the Co-Lender Agreement and shall assume the rights and obligations
of 

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the holder of the Trust Notes under the Co-Lender Agreement. All portions of the Mortgage File and (to the extent provided
under the Trust Loan Purchase Agreement) other documents pertaining to the Trust Loan shall be endorsed or assigned to the extent
necessary or appropriate to the purchaser of the Trust Loan in its capacity as the holder of the Trust Notes (as a result of such
purchase, repurchase or substitution) and (except for the original Companion Loan Notes) on behalf of the holders of the Companion
Loan Notes. Thereafter, such Mortgage File shall be held by the holder of the Trust Notes or a custodian appointed thereby for
the benefit thereof, on behalf of itself and the Companion Loan Holders as their interests appear under the Co-Lender Agreement.
If the related servicing file is not already in the possession of such party, it shall be delivered to the master servicer or
special servicer, as the case may be, under any separate servicing agreement for the Mortgage Loan.

 

(b)          With respect to any Companion Loan that becomes the subject of an “asset review” (or such analogous term defined in
the related Other Pooling and Servicing Agreement) pursuant to the related Other Pooling and Servicing Agreement, the Servicer,
the Special Servicer, the Trustee, the Certificate Administrator and the Custodian shall reasonably cooperate with the asset representations
reviewer or any other party to the Other Pooling and Servicing Agreement in connection with such asset review by providing the
asset representations reviewer or such other requesting party with any documents reasonably requested by the asset representations
reviewer or such other requesting party (at the expense of the Trust Loan Sellers or requesting party), but only to the extent
(i) the requesting party or asset representations reviewer has not been able to obtain such documents from the Trust Loan
Sellers or a party to the Other Pooling and Servicing Agreement and (ii) such documents are in the possession of the Servicer,
the Special Servicer, the Trustee, the Certificate Administrator or the Custodian, as the case may be. For the avoidance of doubt,
none of the Servicer, the Special Servicer, the Trustee or the Custodian shall (i) have further obligations for such asset
review or be bound by it or shall (ii) be obligated to provide such documents if providing such documents would, in its reasonable
determination, be a violation of this Agreement or the Co-Lender Agreement.

 

(c)          Notwithstanding anything in this Agreement to the contrary, but only to the extent required under the Co-Lender Agreement, the
Servicer with respect to the Mortgage Loan when it is not a Specially Serviced Mortgage Loan or Special Servicer with respect
to the Mortgage Loan when it is a Specially Serviced Mortgage Loan, as applicable, shall consult with the Companion Loan Holders
with respect to any matters with respect to the servicing of the Companion Loans to the extent required under the Co-Lender Agreement.
In addition, notwithstanding anything to the contrary, the Servicer or Special Servicer, as applicable, shall deliver reports
and notices to each Companion Loan Holder to the extent required under the Co-Lender Agreement.

 

(d)          At any time after a Companion Loan has become part of an Other Securitization Trust and provided that the applicable parties hereto
have received written notice (which may be by email) thereof including contact information for the master servicer and special
servicer with respect to such Other Securitization Trust, all notices, reports, information or other deliverables required to
be delivered to the related Companion Loan Holder pursuant to this Agreement or the Co-Lender Agreement shall be delivered to
the master servicer and special servicer with respect to such Other Securitization Trust (who then may forward such items to the
party entitled to receive such items as and to the extent provided in the related Other Pooling and 

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Servicing Agreement) and,
when so delivered to such master servicer and special servicer, the party hereto that is obligated under this Agreement or the
Co-Lender Agreement to deliver such notices, reports, information or other deliverables shall be deemed to have satisfied its
delivery obligations with respect to such items hereunder or under the Co-Lender Agreement.

 

4.               DISTRIBUTIONS AND STATEMENTS TO CERTIFICATEHOLDERS

 

4.1.         Distributions. (a)  On each Distribution Date, to the extent of Aggregate Available Funds, amounts held in the
Lower-Tier Distribution Account shall be withdrawn and distributed to the Upper-Tier REMIC in respect of the Uncertificated Lower-Tier
Interests, for deposit into the Upper-Tier Distribution Account, and to the Class R Certificates in respect of the Class LT-R
Interest in accordance with Section 4.1(b) (to the extent of the Non-VRR Interest Available Funds), and immediately
thereafter, amounts so distributed to the Upper-Tier REMIC shall be withdrawn from the Upper-Tier Distribution Account and distributed
by the Certificate Administrator in the following amounts (the “Non-VRR Distribution Priorities”):

 

first,
to the Class A Certificates, in an amount up to the Interest Distribution Amount for such Class and such Distribution Date;

 

second,
to the Class A Certificates, in an amount up to the Principal Distribution Amount for such Distribution Date, until the Certificate
Balance of such Class is reduced to zero;

 

third,
to the Class A Certificates, in an amount up to all Non-VRR ABS Interest Realized Losses previously allocated to such Class and
not reimbursed on prior Distribution Dates;

 

fourth,
to the Class B Certificates, in an amount up to the Interest Distribution Amount for such Class and such Distribution Date;

 

fifth,
to the Class B Certificates, in an amount up to the Principal Distribution Amount for such Distribution Date less any portion
of such Principal Distribution Amount distributed pursuant to all prior clauses, until the Certificate Balance of such Class is
reduced to zero;

 

sixth,
to the Class B Certificates, in an amount up to the amount of all Non-VRR ABS Interest Realized Losses previously allocated to
such Class and not reimbursed on prior Distribution Dates;

 

seventh,
to the Class C Certificates, in an amount up to the Interest Distribution Amount for such Class and such Distribution Date;

 

eighth,
to the Class C Certificates, in an amount up to the Principal Distribution Amount for such Distribution Date less any portion
of such Principal Distribution Amount distributed pursuant to all prior clauses, until the Certificate Balance of such Class is
reduced to zero;

 

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ninth,
to the Class C Certificates, in an amount up to the amount of all Non-VRR ABS Interest Realized Losses previously allocated to
such Class and not reimbursed on prior Distribution Dates;

 

tenth,
to the Class D Certificates, in an amount up to the Interest Distribution Amount for such Class and such Distribution Date;

 

eleventh,
to the Class D Certificates, in an amount up to the Principal Distribution Amount for such Distribution Date less any portion
of such Principal Distribution Amount distributed pursuant to all prior clauses, until the Certificate Balance of such Class is
reduced to zero;

 

twelfth,
to the Class D Certificates, in an amount up to the amount of all Non-VRR ABS Interest Realized Losses previously allocated to
such Class and not reimbursed on prior Distribution Dates;

 

thirteenth,
to the Class E Certificates, in an amount up to the Interest Distribution Amount for such Class and such Distribution Date;

 

fourteenth,
to the Class E Certificates, in an amount up to the Principal Distribution Amount for such Distribution Date less any portion
of such Principal Distribution Amount distributed pursuant to all prior clauses, until the Certificate Balance of such Class is
reduced to zero;

 

fifteenth,
to the Class E Certificates, in an amount up to the amount of all Non-VRR ABS Interest Realized Losses previously allocated to
such Class and not reimbursed on prior Distribution Dates; and

 

sixteenth,
when the Certificate Balances of all Classes of Sequential Pay Certificates have been reduced to zero and after payment in full
of all unpaid expenses of the Trust, to the Class R Certificates (in respect of the Class UT-R Interest), any remaining amounts.

 

In
no event will any Class of Sequential Pay Certificates receive distributions in reduction of its Certificate Balance that, in
the aggregate exceed the original Certificate Balance of such Class.

 

On
each Distribution Date, the Certificate Administrator is required to apply amounts on deposit in the Upper-Tier Distribution Account,
to the extent of the VRR ABS Interest Available Funds, in the following order of priority:

 

first,
to the Class VRRC Certificates and the VRR Interest, pro rata, based on their respective VRR ABS Interest Balances,
in respect of interest, up to an amount equal to the VRR ABS Interest Interest Distribution Amount for such Distribution Date;

 

second,
to the Class VRRC Certificates and the VRR Interest, pro rata, based on their respective VRR ABS Interest Balances, in
reduction of the Certificate Balance or VRR Principal Amount, as applicable, thereof, up to an amount equal to the VRR ABS Interest
Principal Distribution Amount for such Distribution Date, until the Certificate Balance of the 

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Class VRRC Certificates and the
VRR Interest Balance of the VRR Interest have each been reduced to zero;

 

third,
to the Class VRRC Certificates and the VRR Interest, pro rata based on their respective VRR ABS Interest Balances,
up to an amount equal to the unreimbursed VRR ABS Interest Realized Losses previously allocated to the VRR ABS Interests and not
reimbursed prior to such Distribution Date; and

 

fourth,
when the VRR ABS Interest Balance of each of the Class VRRC Certificates and the VRR Interest has been reduced to zero and
after payment in full of all unpaid expenses of the Trust, to the Class R Certificates (in respect of the Class UT-R Interest),
any remaining amounts.

 

In
no event will any VRR ABS Interest receive distributions in reduction of its VRR ABS Interest Balance, which in the aggregate
exceeds the original VRR ABS Interest Balance of such VRR ABS Interest. Furthermore, in no event will any reimbursement of VRR
ABS Interest Realized Losses previously allocated to a VRR ABS Interest constitute distributions of principal for any purpose
or result in an additional reduction in the VRR ABS Interest Balance of a VRR ABS Interest.

 

(b)          On each Distribution Date, each Class of Uncertificated Lower-Tier Interests shall be deemed to receive (A) distributions
in respect of principal or reimbursement of Realized Losses in an amount equal to the amount of principal or reimbursement of
the Applied Realized Loss Amounts actually distributable to its respective Related Certificates or VRR Interest, as applicable,
as provided in Section 4.1(a), and (B) distributions with respect of reimbursement of Realized Losses in an amount
equal to the reimbursement of Realized Losses actually distributable to its respective Related Certificates, as provided in Section 4.1(g).
On each Distribution Date, each Class of Uncertificated Lower-Tier Interests shall be deemed to receive distributions in
respect of interest in an amount equal to the sum of the Interest Distribution Amount and Interest Shortfall in respect of its
Related Certificates or VRR Interest, as applicable, and, with respect to the Class LA Uncertificated Interest, the Class LB Uncertificated
Interest, the Class LC Uncertificated Interest, the Class LD Uncertificated Interest, and the Class LE Uncertificated Interest
the Interest Distribution Amount to the extent actually distributable thereon as provided in Section 4.1(a). Amounts
distributable pursuant to this paragraph are referred to herein collectively as the “Lower-Tier Distribution Amount”,
and shall be made by the Certificate Administrator by deeming such Lower-Tier Distribution Amount to be withdrawn from the Lower-Tier
Distribution Account to be deposited in the Upper-Tier Distribution Account on each Distribution Date.

 

As
of any date, the principal balance of each Uncertificated Lower-Tier Interest shall equal its Lower-Tier Principal Amount. The
Pass-Through Rate with respect to each Uncertificated Lower-Tier Interest shall be the rate per annum set forth in the
Introductory Statement hereto.

 

Any
amount that remains in the Lower-Tier Distribution Account on each Distribution Date after distribution of the Lower-Tier Distribution
Amount and any Yield Maintenance Premium distributed pursuant to Section 4.3(b) shall be distributed to the Holders

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of the Class R Certificates (in respect of the Class LT-R Interest, but only to the extent of the amount remaining in the
Lower-Tier Distribution Account, if any).

 

Distributions
to the Class R Certificateholders (in respect of the Class LT-R Interest) from the Lower-Tier Distribution Account and to
the Class R Certificate holders (in respect of the Class UT-R Interest) and to other Certificateholders and the VRR Interest Owner
from the Upper-Tier Distribution Account on each Distribution Date shall be made by the Certificate Administrator to each Certificateholder
of record on the related Record Date (other than as provided in Section 10.1 in respect of the final distribution)
or VRR Interest Owner, by wire transfer in immediately available funds to the account of such Certificateholder or VRR Interest
Owner at a bank or other entity located in the United States and having appropriate facilities therefor; provided that
the Certificate Administrator has received appropriate wire transfer instructions therefrom, or by check by first class mail to
the address set forth therefor in the Certificate Register (in the case of the Certificateholders) or such address as has been
provided to the Certificate Administrator in writing (in the case of the VRR Interest Owner) if wiring instructions have not been
received at least five (5) Business Days prior to the Distribution Date.

 

(c)          All amounts distributable to a Class of Certificates pursuant to Section 4.1(a) on each Distribution Date shall be
allocated pro rata among the outstanding Certificates in each such Class based on their respective Percentage Interests.
Such distributions shall be made on each Distribution Date (after withdrawing any amounts deposited in the Distribution Account
in error and making other permitted withdrawals under this Agreement, to the extent funds are available for such purpose) to each
Certificateholder and VRR Interest Owner of record on the related Record Date by wire transfer of immediately available funds
to the account of such Certificateholder or VRR Interest Owner at a bank or other entity located in the United States and having
appropriate facilities therefor, provided that the Certificate Administrator has received appropriate wire transfer instructions
therefrom, or by check by first class mail to the address set forth therefor in the Certificate Register if wiring instructions
have not been received at least five (5) Business Days prior to the Distribution Date. The final distribution on each Certificate
or on the VRR Interest shall be made in like manner, but only upon presentment and surrender of such Certificate at the location
specified by the Certificate Administrator in the notice to Certificateholders of such final distribution.

 

(d)          The Certificate Administrator shall, as soon as reasonably possible after notice thereof by the Servicer to the Certificate Administrator
that the final distribution with respect to any Class of Certificates or VRR Interest is expected to be made, post a notice
on the Certificate Administrator’s Website pursuant to Section 8.14(b) and mail to each Holder of such Class
of Certificates or VRR Interest Owner on such date to the effect that:

 

(i)           the Certificate Administrator reasonably expects based upon information previously provided to it that the final distribution
with respect to such Class of Certificates or VRR Interest shall be made on such Distribution Date, but only upon presentation
and surrender of such Certificates at the office of the Certificate Administrator therein specified; amounts owed to the VRR Interest
Owner will be transferred to the last account on record with the Certificate Administrator; and

 

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(ii)          if such final distribution is made on such Distribution Date, no interest shall accrue on such Certificate or VRR Interest from
and after the end of the Certificate Interest Accrual Period related to such Distribution Date.

 

(e)          Any funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure
of such Holder or Holders to tender their Certificates shall, on such date, be set aside and held in trust for the benefit of
the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to this Section shall
not have been surrendered for cancellation within six (6) months after the time specified in such notice, the Certificate Administrator
shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates for cancellation
to receive the final distribution with respect thereto. If within one (1) year after the second notice not all of such Certificates
shall have been surrendered for cancellation, the Certificate Administrator may, directly or through an agent, take appropriate
steps to contact the remaining non-tendering Certificateholders concerning surrender of their Certificates. The costs and expenses
of holding such funds in trust and of contacting such Certificateholders shall be paid out of such funds. All such amounts shall
be held by the Certificate Administrator in trust in accordance herewith until the expiration of a two-year period following such
second notice, notwithstanding any termination of the Trust Fund. If within two (2) years after the second notice any such Certificates
shall not have been surrendered for cancellation, the Certificate Administrator shall, to the extent permitted by law, hold all
amounts distributable to the Holders thereof for the benefit of such Holders until the earlier of (i) its termination as
Certificate Administrator hereunder and the transfer of such amounts to a successor Certificate Administrator and (ii) the
termination of the Trust Fund, at which time such amounts shall be distributed to the Depositor. No interest shall accrue or be
payable to any Certificateholder on any amount held in trust hereunder or by the Certificate Administrator as a result of such
Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance with this Section 4.1(e).
Any such amounts transferred to the Certificate Administrator shall not be invested.

 

(f)           The Certificate Administrator shall be responsible for the calculations with respect to distributions from the Trust so long as
the Trust Fund has not been terminated in accordance with this Agreement. The Certificate Administrator shall have no duty to
recompile, recalculate or verify the accuracy of information provided to it by the Servicer pursuant to Section 3.18(a) and, in the absence of manifest error in such information, may conclusively rely upon it.

 

(g)          On each Distribution Date, Non-VRR ABS Interest Realized Losses with respect to the Trust Loan shall be allocated to each Class
of Sequential Pay Certificates in the following order:

 

first,
to the Class E Certificates;

 

second,
to the Class D Certificates

 

third,
to the Class C Certificates;

 

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fourth,
to the Class B Certificates; and

 

fifth,
to the Class A Certificates;

 

in
each case until the Certificate Balance of each such Class has been reduced to zero.

 

On
each Distribution Date, VRR ABS Interest Realized Losses with respect to the Mortgage Loan shall be allocated to the VRR ABS Interests
pro rata to reduce the VRR ABS Interest Balance of such VRR ABS Interest until such VRR ABS Interest Balance has been reduced
to zero.

 

4.2.         Withholding Tax. Notwithstanding any other provision of this Agreement, the Certificate Administrator shall comply with
all federal withholding requirements with respect to payments to Certificateholders, the VRR Interest Owner and other payees that
the Certificate Administrator reasonably believes are applicable under the Code. The consent of Certificateholders, the VRR Interest
Owner or payees shall not be required for any such withholding and such Certificateholders or VRR Interest Owner shall furnish
any information as may be required for the Certificate Administrator to comply with any withholding requirements. In the event
the Certificate Administrator withholds any amount from interest payments or advances thereof or other amounts to any Certificateholder,
the VRR Interest Owner or payee pursuant to federal withholding requirements, amounts so withheld shall be treated as having been
entirely distributed to such Certificateholder, the VRR Interest Owner or payee, and the Certificate Administrator shall indicate
the amount withheld to such Certificateholder or payee through a report.

 

4.3.         Allocation and Distribution of Yield Maintenance Premiums and Excess Interest. (a) On any Distribution Date, Yield Maintenance
Premiums, if any, collected in respect of the Trust Loan during the related Collection Period will be required to be distributed
by the Certificate Administrator pro rata:

 

(i)           with respect to the VRR Percentage of the Yield Maintenance Premiums collected, to the Class VRRC Certificates and the VRR Interest,
pro rata based on their respective VRR ABS Interest Balances, and

 

(ii)          with respect to the Non-VRR Percentage of Yield Maintenance Premiums collected, to the holders of the Sequential Pay Certificates
for such Classes as are being prepaid in proportion to the total principal balance being prepaid.

 

No
Yield Maintenance Premiums shall be distributed to the Holders of Class R Certificates.

 

(b)          All Yield Maintenance Premiums distributable pursuant to clause (a) of this Section 4.3 shall first be deemed
to have been distributed from the Lower-Tier REMIC to the Upper-Tier REMIC in respect of the related Uncertificated Lower-Tier
Interest (whether or not the Lower-Tier Principal Amount of such Uncertificated Lower-Tier Interest has been reduced to zero).

 

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(c)          On each Distribution Date, the Certificate Administrator shall withdraw from the Excess Interest Distribution Account any amounts
on deposit therein that represent Excess Interest collected on the Trust Loan during the related Collection Period and shall distribute
such amounts as follows: (i) with respect to the VRR Percentage of the Excess Interest collected, to the Class VRRC Certificates
and the VRR Interest, pro rata based on their respective VRR ABS Interest Balances, and (ii) (a) with respect to the Non-VRR
Percentage of Excess Interest collected on the A Note included in the Trust Loan, to the holders of the Class A Certificates;
and (b) with respect to the Non-VRR Percentage of Excess Interest accrued on the B Note, first, to the holders of the Class
A Certificates, in an amount equal to the Excess Interest collected on the B Notes multiplied by the related Note B Allocation,
second, to the holders of the Class B Certificates, in an amount equal to the Excess Interest collected on the B Notes
multiplied by the related Note B Allocation, third, to the holders of the Class C Certificates, in an amount equal to the
Excess Interest collected on the B Notes multiplied by the related Note B Allocation, fourth, to the holders of the Class
D Certificates, in an amount equal to the Excess Interest collected on the B Notes multiplied by the related Note B Allocation,
fifth, to the holders of the Class E Certificates, any remaining amounts.

 

4.4.         Statements to Certificateholders and the VRR Interest Owner. (a)  On each Distribution Date, based on information
provided by the Servicer and the Special Servicer, as applicable, the Certificate Administrator shall prepare and make available
pursuant to Section 8.14(b) to any Privileged Person (including a Privileged Person who provides the Certificate Administrator
with an Investor Certification in the form of Exhibit K-2 hereto) and shall deliver to the Initial Purchasers, a statement,
based upon information supplied to it by the Servicer and the Special Servicer, as applicable, in respect of the distributions
on such Distribution Date (a “Distribution Date Statement”) setting forth:

 

(i)           for each Class of Regular Certificates and the VRR Interest (1) the amount of the distributions made on such Distribution
Date allocable to interest at the Pass-Through Rate and the amount allocable to principal (separately identifying the amount of
any principal payments (and specifying the source of such payments)), (2) the amount of any Yield Maintenance Premiums collected
on the Trust Loan allocable to each Class of Certificates and (3) the amount of interest paid on Advances from Default Interest
and allocable to such Class and the VRR Interest;

 

(ii)          if the amount of the distribution to the Holders of any Class of Certificates and the VRR Interest is less than the full amount
that would be distributable to such Holders if there were sufficient Non-VRR Interest Available Funds and VRR ABS Interest Available
Funds, the amount of the shortfall allocable to such Class or VRR Interest, stating separately amounts allocable to principal
and interest;

 

(iii)         the amount of any Monthly Payment Advance for such Distribution Date;

 

(iv)         the Certificate Balance or VRR Interest Balance of each Class of Certificates (other than the Class R Certificates) and the VRR
Interest after giving effect to any distribution in reduction of the Certificate Balance or VRR Interest Balance on such Distribution
Date and the allocation of Realized Losses on such Distribution Date;

 

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(v)          the principal balance of the Trust Loan and the Certificate Balance or VRR Interest Balance of each Class of Certificates and
the VRR Interest as of the end of the Collection Period for such Distribution Date and the amount of Realized Losses allocated
to each Class and the VRR Interest;

 

(vi)         the aggregate amount of Unscheduled Payments (and the source of such payments) made with respect to the Mortgage Loan during the
related Collection Period, and the aggregate amount of such payments allocable to the Trust Loan;

 

(vii)        identification of any Mortgage Loan Event of Default or any Special Servicing Loan Event, any Servicer Termination Event or any
Special Servicer Termination Event under this Agreement that in any case has been declared as of the close of business on the
second Business Day prior to the end of the immediately preceding calendar month;

 

(viii)       the amount of the servicing compensation (other than the Servicing Fee) paid to the Servicer and the Special Servicer with respect
to such Distribution Date, separately listing any Liquidation Fees or Work-out Fees and any other Borrower charges retained by
the Servicer or the Special Servicer and the amount of compensation paid to the Servicer, the Special Servicer, the Certificate
Administrator, the Trustee and CREFC®, separately listing the Certificate Administrator Fee (including the portion
that is the Trustee Fee if the Trustee and Certificate Administrator are not the same entity), the Special Servicing Fee and the
CREFC® Intellectual Property Royalty License Fee with respect to such Distribution Date;

 

(ix)         the number of days the Borrower is delinquent in the event that the Borrower is delinquent at least thirty (30) days and the date
upon which any foreclosure proceedings have been commenced;

 

(x)          whether the Property, as of the close of business on the Payment Date preceding such Distribution Date had become a Foreclosed
Property, together with an identification of same;

 

(xi)         information with respect to any declared bankruptcy of the Borrower;

 

(xii)        as to any item of Collateral released, liquidated or disposed of during the preceding Collection Period, the identity of such
item and the amount of proceeds of any liquidation or other amounts, if any, received therefrom during the related Collection
Period;

 

(xiii)       a list of conveyances or transfers of the Property by the Borrower reported to the Certificate Administrator to the extent not
already reported on the CREFC® Reports provided by the Servicer and posted on the Certificate Administrator’s
Website;

 

(xiv)       the aggregate amount of all Advances, if any, not yet reimbursed;

 

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(xv)        the amount of any reimbursement of Nonrecoverable Advances paid to the Servicer or the Trustee;

 

(xvi)       an itemized report identifying any Appraisal Reduction Amount and any Trust Appraisal Reduction Amount;

 

(xvii)      the amount of Default Interest, if any, and late payment charges, if any, paid by the Borrower during the related Collection Period;

 

(xviii)     an itemized listing of any Disclosable Special Servicer Fees received by the Special Servicer or any of its Affiliates with respect
to the related Distribution Date;

 

(xix)        the aggregate amount of any Trust Fund Expenses reimbursable or payable by the Borrower under the Mortgage Loan Agreement, and
the amount collected from the Borrower in respect of such Trust Fund Expenses;

 

(xx)         the amount and type of Yield Maintenance Premiums, if any, collected in respect of the Trust Loan during the related Collection
Period and distributed on such Distribution Date to the Certificateholders, the VRR Interest Owner or the Companion Loan Holders;
and

 

(xxi)        the Trust Note Rate and Net Trust Note Rate for each Trust Note and the related Mortgage Loan Interest Accrual Period.

 

The
Depositor, the Trustee, the Certificate Administrator, the Servicer and the Special Servicer may agree to enhance the reporting
requirements of the Distribution Date Statement without Certificateholder or VRR Interest Owner approval.

 

Within
a reasonable period of time after the end of each calendar year, the Certificate Administrator shall furnish to each Person who
at any time during the calendar year was a Holder of a Certificate or a VRR Interest Owner upon written request to the Certificate
Administrator, a statement containing the information set forth in clauses (i) and (ii) above as to the applicable
Class or VRR Interest, aggregated for such calendar year or applicable portion of such year during which such Person was a Certificateholder
or a VRR Interest Owner, together with such other information required by applicable laws as the Certificate Administrator deems
necessary or desirable, or that a Certificateholder, VRR Interest Owner or Beneficial Owner of a Certificate reasonably requests,
to enable Certificateholders and the VRR Interest Owner to prepare their tax returns for such calendar year or as otherwise required
by law. Such obligation of the Certificate Administrator shall be deemed to have been satisfied to the extent that substantially
comparable information shall be provided by the Certificate Administrator pursuant to any requirements of the Code as from time
to time are in force.

 

(b)          The Certificate Administrator shall make the Distribution Date Statement available to Privileged Persons (including for this purpose
a Privileged Person who provides the Certificate Administrator with an Investor Certification in the form of Exhibit K-2
hereto) on each Distribution Date pursuant to Section 8.14(b). The Certificate Administrator’s obligation
to provide such information shall be contingent on the Certificate Administrator’s receipt of such information from the
Servicer and the Special Servicer, as applicable. The Certificate 

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Administrator shall be entitled to rely on such information
provided to it by the Servicer or the Special Servicer without independent verification. To the extent that the information required
to be furnished by the Servicer is based on information required to be provided by the Borrower or the Special Servicer, the Servicer’s
obligation to furnish such information to the Certificate Administrator shall be contingent on its receipt of such information
from the Borrower or the Special Servicer, as applicable. To the extent that the information required to be furnished by the Special
Servicer is based on information required to be provided by the Borrower, the Special Servicer’s obligation to furnish such
information shall be contingent upon receipt of its receipt of such information from the Borrower. The Servicer, the Special Servicer,
the Certificate Administrator and the Trustee shall be entitled to rely on information supplied by the Borrower without independent
verification.

 

The
Certificate Administrator shall, to the extent provided to it by the Servicer in electronic format, make available to Privileged
Persons pursuant to Section 8.14(b) reports or analyses of net operating income from the Property. Such net operating
income reports or analyses shall be prepared pursuant to Section 3.18 by the Servicer in CREFC® format
based on the quarterly, annual and periodic statements and rent rolls with respect to the Property obtained by the Servicer from
the Borrower or from the Special Servicer pursuant to Section 3.15(h).

 

If
so authorized by the Depositor, the Certificate Administrator may make available on its Internet website to any Privileged Person
certain other information with respect to the Trust Loan (subject to the limitations of Section 3.18).

 

The
Certificate Administrator has not obtained and shall not be deemed to have obtained actual knowledge of any information only by
virtue of its receipt and posting of such information to the Certificate Administrator’s Website or its filing of such information
pursuant to this Agreement.

 

In
addition, the Certificate Administrator shall make available on its website such information as set forth in Section 8.14(b).

 

4.5.         Investor Q&A Forum; Investor Registry and Rating Agency Q&A Forum.  (a)  The Certificate Administrator
shall make available, only to Privileged Persons (which for this purpose excludes a Privileged Person who provided the Certificate
Administrator with an Investor Certification substantially in the form of Exhibit K-2 hereto), the Investor Q&A
Forum. The “Investor Q&A Forum” shall be a service available on the Certificate Administrator’s Website,
where (i) Certificateholders, the VRR Interest Owner and Beneficial Owners of Certificates who provide the Certificate Administrator
with an Investor Certification substantially in the form of Exhibit K-1 may submit questions to the Certificate Administrator
relating to the Distribution Date Statement, or submit questions to the Servicer or the Special Servicer, as applicable, relating
to the reports being made available pursuant to Section 8.14(b), the Trust Loan or the Property (each, an “Inquiry”),
and (ii) Privileged Persons may view Inquiries that have been previously submitted and answered, together with the answers
thereto. Upon receipt of an Inquiry for the Servicer or the Special Servicer, the Certificate Administrator shall forward the
Inquiry to the appropriate Person (as identified to the Certificate Administrator by the Servicer or the Special Servicer, as
applicable) at the Servicer or the Special Servicer, as applicable, in each case via electronic mail within a commercially reasonable
period of time 

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following receipt thereof. Following receipt of an Inquiry, the Certificate Administrator, the Servicer or the
Special Servicer, as applicable, unless it determines not to answer such Inquiry as provided below, shall reply to the Inquiry,
which reply of the Servicer or the Special Servicer, as applicable, shall be by email to the Certificate Administrator. The Certificate
Administrator shall post (within a commercially reasonable period of time following preparation or receipt of such answer, as
the case may be) such Inquiry and the related answer to the Certificate Administrator’s Website. If the Certificate Administrator,
the Servicer or the Special Servicer, as applicable, determines, in its respective sole discretion, that (i) any Inquiry
is beyond the scope of the topics described above, (ii) answering any Inquiry would not be in the best interests of the Trust
and/or the Certificateholders and the VRR Interest Owner, (iii) answering any Inquiry would be in violation of applicable
law, the Mortgage Loan Documents or this Agreement, (iv) answering any Inquiry would, or is reasonably expected to, result
in a waiver of attorney client privilege or the disclosure of attorney work product, (v) answering any Inquiry would materially
increase the duties of, or would result in significant additional cost or expense to, the Trustee, the Certificate Administrator,
the Servicer or the Special Servicer, as applicable, (vi) answering any Inquiry would result in the disclosure of communications
between the Directing Holder and the Special Servicer, (vii) answering any Inquiry would require the disclosure of Privileged
Information or (viii) answering any Inquiry is otherwise, for any reason, not advisable to answer, it shall not be required
to answer such Inquiry and, in the case of the Servicer or the Special Servicer, shall promptly notify the Certificate Administrator
of such determination. The Certificate Administrator shall notify the Person who submitted such Inquiry in the event that the
Inquiry will not be answered. Any notice by the Certificate Administrator to the Person who submitted an Inquiry that will not
be answered shall include the following statement: “Because the Trust and Servicing Agreement provides that the Certificate
Administrator, the Servicer and the Special Servicer shall not answer an Inquiry if it determines, in its respective sole discretion,
that (i) any Inquiry is beyond the scope of the topics described in the Trust and Servicing Agreement, (ii) answering
any Inquiry would not be in the best interests of the Trust and/or the Certificateholders and the VRR Interest Owner, (iii) answering
any Inquiry would be in violation of applicable law or the Mortgage Loan Documents, (iv) answering any Inquiry would, or
is reasonably expected to, result in a waiver of attorney client privilege or the disclosure of attorney work product, (v) answering
any Inquiry would materially increase the duties of, or result in significant additional cost or expense to, the Trustee, the
Certificate Administrator, the Servicer or the Special Servicer, as applicable, (vi) answering any Inquiry would result in
the disclosure of communications between the Directing Holder and the Special Servicer, (vii) answering any Inquiry would
require the disclosure of Privileged Information or (viii) answering any Inquiry is otherwise, for any reason, not advisable
to answer, no inference should be drawn from the fact that the Certificate Administrator, the Servicer and/or the Special Servicer
has declined to answer the Inquiry.” Answers posted on the Investor Q&A Forum will be attributable only to the respondent,
and shall not be deemed to be answers from any of the Depositor, the Initial Purchasers or any of their respective Affiliates.
None of the Initial Purchasers, the Depositor, the Servicer, the Special Servicer, the Trustee or the Certificate Administrator
or any of their respective Affiliates will certify to any of the information posted in the Investor Q&A Forum and no such
party shall have any responsibility or liability for the content of any such information. The Certificate Administrator shall
not be required to post to the Certificate Administrator’s Website any Inquiry or answer thereto that the Certificate Administrator
determines, in its sole discretion, is administrative or ministerial in nature. No 

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party shall post or otherwise disclose direct
communications with the Directing Holder as part of its response to any Inquiries; provided, that the Certificate Administrator
shall have no obligation to review any inquiry or answer received by it for posting to the Investor Q&A Forum to determine
if such inquiry or answer contains any such direct communication with the Directing Holder, or otherwise to consult with the party
from whom such Inquiry or answer is received to confirm the same, and the Certificate Administrator shall have no liability in
connection with its posting to the Investor Q&A Forum of any Inquiry or answer containing such direct communication. The Investor
Q&A Forum will not reflect questions, answers and other communications that are not submitted via the Certificate Administrator’s
Website.

 

(b)          The Certificate Administrator shall make available to any Certificateholder and any Beneficial Owner or VRR Interest Owner the
Investor Registry. The “Investor Registry” shall be a voluntary service available on the Certificate Administrator’s
Website, where Certificateholders and Beneficial Owners and the VRR Interest Owner can register and thereafter obtain contact
information with respect to any other Certificateholder or Beneficial Owner or VRR Interest Owner that has so registered. Any
Person registering to use the Investor Registry shall certify that (a) it is a Certificateholder or a Beneficial Owner or VRR
Interest Owner and (b) it grants authorization to the Certificate Administrator to make its name and contact information available
on the Investor Registry for at least 45 days from the date of such certification to Persons entitled to access the Investor Registry.
Such Person shall then be asked to enter certain mandatory fields such as the individual’s name, the company name and email
address, as well as certain optional fields such as address, phone, and Class(es) of Certificates or VRR Interest owned. If any
Certificateholder or Beneficial Owner or VRR Interest Owner notifies the Certificate Administrator that it wishes to be removed
from the Investor Registry (which notice may not be within 45 days of its registration), the Certificate Administrator shall promptly
remove it from the Investor Registry. The Certificate Administrator will not be responsible for verifying or validating any information
submitted on the Investor Registry, or for monitoring or otherwise maintaining the accuracy of any information thereon. The Certificate
Administrator may require acceptance of a waiver and disclaimer for access to the Investor Registry.

 

(c)          The Certificate Administrator shall, with the consent of the Depositor, make the Distribution Date Statements, CREFC®
Reports, this Agreement, the Offering Circular and supplemental notices available to certain market data providers upon
receipt by the Certificate Administrator from such Person of a certification substantially in the form of Exhibit O
hereto, which certification may be submitted electronically via the Certificate Administrator’s Website. The Depositor hereby
consents to the provision of such information to Bloomberg, L.P., Trepp, LLC, Intex Solutions, Inc., Interactive Data Corp., Markit
Group Limited, BlackRock Financial Management, Inc., CMBS.com, Inc., Moody’s Analytics, MBS Data, LLC, RealInsight, KBRA
Analytics, LLC, Thomson Reuters Corporation, DealView Technologies Ltd. and CRED iQ, and the provision of such information shall
not constitute a breach of this Agreement by the Certificate Administrator.

 

(d)          The 17g-5 Information Provider shall make available, only to NRSROs, the Rating Agency Q&A Forum and Document Request Tool.
The “Rating Agency Q&A Forum and Document Request Tool” shall be a service available on the 17g-5 Information
Provider’s Website, where NRSROs may (i) submit inquiries to the Certificate Administrator 

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relating to the Distribution
Date Statement, (ii) submit inquiries to the Servicer or the Special Servicer, as applicable, relating to the reports prepared
by such parties, (iii) submit requests for information about the Trust Loan or the Property (each such submission identified
in sub-clauses (i), (ii) and (iii) hereof, a “Rating Agency Inquiry”) or (iv) view
Rating Agency Inquiries that have been previously submitted and answered, together with the responses thereto. Upon receipt of
a Rating Agency Inquiry for the Servicer, the Special Servicer or the Certificate Administrator, the 17g-5 Information Provider
shall forward the Rating Agency Inquiry to the appropriate Person, in each case within a commercially reasonable period of time
following receipt thereof. Following receipt of a Rating Agency Inquiry from the 17g-5 Information Provider, the Certificate Administrator,
the Servicer or the Special Servicer, as applicable, unless it determines not to answer such Rating Agency Inquiry as provided
below, shall reply by email to the 17g-5 Information Provider. The 17g-5 Information Provider shall post (within a commercially
reasonable period of time following receipt of such response) such Rating Agency Inquiry and the related response (or such reports,
as applicable) to the Rating Agency Q&A Forum and Document Request Tool. If the Certificate Administrator, the Servicer or
the Special Servicer determines, in its respective sole discretion, that (i) answering any Rating Agency Inquiry would be
in violation of applicable law, Accepted Servicing Practices, this Agreement or the Mortgage Loan Documents, (ii) answering
any Rating Agency Inquiry would or is reasonably expected to result in a waiver of an attorney-client privilege with, or the disclosure
of attorney work product of, any counsel engaged by the Certificate Administrator, the Servicer or the Special Servicer, as applicable,
or (iii)(A) answering any Rating Agency Inquiry would materially increase the duties of, or result in significant additional
cost or expense to, the Certificate Administrator, the Servicer or the Special Servicer, as applicable, and (B) the Certificate
Administrator, the Servicer or the Special Servicer, as applicable, determines in accordance with the Accepted Servicing Practices
(or in good faith, in the case of the Certificate Administrator) that the performance of such duties or the payment of such costs
and expenses is beyond the scope of its duties in its capacity as Certificate Administrator, Servicer or Special Servicer, as
applicable, under this Agreement, it shall not be required to answer such Rating Agency Inquiry and shall promptly notify the
17g-5 Information Provider by email of such determination. The 17g-5 Information Provider shall promptly thereafter post the Rating
Agency Inquiry with the reason it was not answered to the Rating Agency Q&A Forum and Document Request Tool. The 17g-5 Information
Provider will not be liable for the failure by any other such Person to answer any such Rating Agency Inquiry. Questions posted
on the Rating Agency Q&A Forum and Document Request Tool shall not be attributed to the submitting NRSRO. Answers posted on
the Rating Agency Q&A Forum and Document Request Tool will be attributable only to the respondent, and shall not be deemed
to be answers from any other Person. None of the Initial Purchasers, the Depositor, or any of their respective Affiliates will
certify to any of the information posted in the Rating Agency Q&A Forum and Document Request Tool and no such party shall
have any responsibility or liability for the content of any such information. The 17g-5 Information Provider shall not be required
to post to the 17g-5 Information Provider’s Website any Rating Agency Inquiry or answer thereto that the 17g-5 Information
Provider determines, in its sole discretion, is administrative or ministerial in nature. The Rating Agency Q&A Forum and Document
Request Tool will not reflect questions, answers and other communications that are not submitted via the 17g-5 Information Provider’s
Website.

 

4.6.         Grantor Trust Reporting. (a) The Certificate Administrator shall prepare or cause to be prepared, and the Trustee timely
sign, and file or cause to be filed with the IRS, on 

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behalf of the Grantor Trust, an application for a taxpayer identification
number for the Grantor Trust on IRS Form SS-4 or obtain such number by other permissible means. The Certificate Administrator
shall furnish or cause to be furnished to Holders of the Sequential Pay Certificates and the VRR Interest Owner and shall file
or shall cause to be filed with the IRS together with IRS Form 1041, Form 1099 or such other form as may be applicable, such information
with respect to the income and deductions of the Grantor Trust related to such Holders of the respective Classes of Certificates
and the VRR Interest Owners, in accordance with the cash or accrual method of accounting, as applicable, for the applicable portion
of the year during which they were Holders, at the time or times and in the manner required by the Code. The Certificate Administrator
shall be responsible for the preparation of the related IRS Form W-9, if such form is requested. The Trustee shall be entitled
to rely on the information contained therein, and is hereby directed to execute such IRS Form W-9; provided, however, that the
Certificate Administrator shall also be directed to execute such IRS Form W-9 (in lieu of the Trustee) if permitted by IRS regulations

 

(b)          The Grantor Trust is a WHFIT that is a WHMT. The Certificate Administrator shall report as required under the WHFIT Regulations
to the extent such information as is reasonably necessary to enable the Certificate Administrator to do so is provided to the
Certificate Administrator on a timely basis. The Certificate Administrator is hereby directed to assume that the Depository is
the only ”middleman” as defined by the WHFIT Regulations unless it has actual knowledge to the contrary or is notified
by the Depositor. The Certificate Administrator shall be entitled to rely on the first sentence of this paragraph and shall be
entitled to indemnification in accordance with the terms of this Agreement in the event that the IRS makes a determination that
is contrary to the first sentence of this paragraph.

 

(c)          The Certificate Administrator, in its discretion, shall report required WHFIT information using either the cash or accrual method,
except to the extent the WHFIT Regulations specifically require a different method. The Certificate Administrator shall be under
no obligation to determine whether any Certificateholder uses the cash or accrual method. The Certificate Administrator shall
make available (via its website) WHFIT information to Certificateholders and the VRR Interest Owner annually. In addition, the
Certificate Administrator shall not be responsible or liable for providing subsequently amended, revised or updated information
to any Certificateholder, unless requested by the Certificateholder.

 

(d)          The Certificate Administrator shall not be liable for failure to meet the reporting requirements of the WHFIT Regulations nor
for any penalties thereunder if such failure is due to: (i) the lack of reasonably necessary information being provided to the
Certificate Administrator or (ii) incomplete, inaccurate or untimely information being provided to the Certificate Administrator.
The VRR Interest Owner and each Holder of a Class of Sequential Pay Certificates representing, in whole or in part, beneficial
ownership of an interest in a WHFIT, by acceptance of its interest in such Class of Certificates, shall be deemed to have agreed
to provide the Certificate Administrator with information regarding any sale of such Certificates, including the price, amount
of proceeds and date of sale. Absent receipt of such information, and unless informed otherwise by the Depositor, the Certificate
Administrator may assume there is no secondary market trading of WHFIT interests.

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(e)          To the extent required by the WHFIT Regulations, the Certificate Administrator shall use reasonable efforts to make available
the CUSIPs for the Certificates that represent ownership of a WHFIT. The CUSIPs so published shall represent the Rule 144A CUSIPs.
The Certificate Administrator will not make available any associated Regulation S CUSIPs. Absent the receipt of a CUSIP, the Certificate
Administrator shall use a reasonable identifier number in lieu of a CUSIP. The Certificate Administrator shall not be liable for
investor reporting delays that result from the receipt of inaccurate or untimely CUSIP information.

 

5.               THE CERTIFICATES

 

5.1.         The Certificates.

 

(a)          The Certificates shall be issued in substantially the respective forms set forth as Exhibits A-1 through A-7 hereto,
with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Agreement
or as may, in the reasonable judgment of the Certificate Registrar, be necessary, appropriate or convenient to comply, or facilitate
compliance, with applicable laws, and may have such letters, numbers or other marks of identification and such legends or endorsements
placed thereon as may be required by law, or as may, consistently herewith, be determined by the officers executing such Certificates,
as evidenced by their execution thereof.

 

(b)          The Sequential Pay Certificates shall be issued in minimum denominations of $100,000 initial Certificate Balance (or $10,000 for
Rule 144A Global Certificates) and integral multiples of $1,000 in excess of $100,000 (or $10,000, as applicable). If the Original
Certificate Balance of any Class of Sequential Pay Certificates does not equal an integral multiple of $1,000, then a single additional
Certificate of such Class may be issued in a minimum denomination of authorized Original Certificate Balance that includes the
excess of (i) the Original Certificate Balance of such Class over (ii) the largest integral multiple of $1,000 that
does not exceed such amount. The Class R Certificates shall be issued, maintained and transferred in minimum percentage interests
of 10% of such Class R Certificates and integral multiples of 1% in excess thereof. The Class VRRC Certificates shall be
issued in minimum denominations of $100,000 and integral multiples of $1 in excess thereof; provided, however, that at all times
during the Risk Retention Period, the Class VRRC Certificates shall be issued only as two Definitive Certificates collectively
representing 100% of the Class VRRC Certificates.

 

(c)          One authorized signatory shall sign the Certificates for the Certificate Registrar by manual or facsimile signature. If an authorized
signatory whose signature is on a Certificate no longer holds that office at the time the Certificate Registrar countersigns the
Certificate, the Certificate shall be valid nevertheless. A Certificate shall not be valid until an authorized signatory of the
Certificate Registrar (who may be the same officer who executed the Certificate) manually countersigns the Certificate. The signature
shall be conclusive evidence that the Certificate has been executed and countersigned under this Agreement.

 

5.2.         Form and Registration. (a)  Each Class of the Certificates (other than the Risk Retention Certificates and the
Class R Certificates) sold to an institution that is a non-U.S. 

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Securities Person in “offshore transactions” (as defined
in Rule 902(h) of Regulation S) in reliance on Regulation S shall initially be represented by a temporary global
certificate in definitive, fully registered form without interest coupons, substantially in the applicable form set forth as an
exhibit hereto (each, a “Temporary Regulation S Global Certificate”), which shall be deposited on the Closing
Date on behalf of the purchasers of the Certificates represented thereby with the Certificate Registrar, at its principal trust
office, as custodian, for the Depository, and registered in the name of the Depository or the nominee of the Depository for the
account of designated agents holding on behalf of the Euroclear System (“Euroclear”) and/or Clearstream Banking,
société anonyme (“Clearstream”). Prior to the expiration of the 40-day period commencing on the
later of the commencement of the offering and the Closing Date (the “Restricted Period”), beneficial interests
in each Temporary Regulation S Global Certificate may be held only through Euroclear or Clearstream. After the expiration of the
Restricted Period, a beneficial interest in a Temporary Regulation S Global Certificate may be exchanged for an interest in the
related permanent global certificate of the same Class (each, a “Regulation S Global Certificate”) in the applicable
form set forth as an exhibit hereto in accordance with the procedures set forth in Section 5.3(f). During the Restricted
Period, distributions due in respect of a beneficial interest in a Temporary Regulation S Global Certificate shall only be made
upon delivery to the Certificate Registrar by Euroclear or Clearstream, as applicable, of a Non-U.S. Beneficial Ownership Certification.
After the expiration of the Restricted Period, distributions due in respect of any beneficial interests in a Temporary Regulation
S Global Certificate shall not be made to the holders of such beneficial interests unless an exchange for a beneficial interest
in the Regulation S Global Certificate of the same Class is improperly withheld or refused. The aggregate Certificate Balance
of a Temporary Regulation S Global Certificate or a Regulation S Global Certificate may from time to time be increased or decreased
by adjustments made on the records of the Certificate Registrar, as custodian for the Depository, as hereinafter provided.

 

On
the Closing Date, the Certificate Administrator shall execute, the Authenticating Agent shall authenticate, and the Certificate
Administrator shall deliver to the Certificate Registrar the Regulation S Global Certificates, which shall be held by the
Certificate Registrar for purposes of effecting the exchanges contemplated by the preceding paragraph.

 

(b)          Except as otherwise set forth in this Agreement, Certificates of each Class (other than the Class VRRC Certificates during the
Risk Retention Period) offered and sold to QIBs in reliance on Rule 144A under the Act (“Rule 144A”) shall
be represented by a single, global certificate in definitive, fully registered form without interest coupons, substantially in
the applicable form set forth as an exhibit hereto (each, a “Rule 144A Global Certificate” and, collectively
with the Temporary Regulation S Global Certificates and the Regulation S Global Certificates, the “Global Certificates”),
which shall be deposited with the Certificate Registrar or an agent of the Certificate Registrar, as custodian for the Depository,
and registered in the name of the Depository or a nominee of the Depository. The aggregate Certificate Balance of a Rule 144A
Global Certificate may from time to time be increased or decreased by adjustments made on the records of the Certificate Registrar,
as custodian for the Depository, as hereinafter provided.

 

On
the Closing Date, the Certificate Administrator shall execute, the Authenticating Agent shall authenticate, and the Certificate
Administrator shall deliver to the Certificate Registrar the Rule 144A Global Certificate.

 

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(c)          Certificates of each Class that are initially offered and sold to investors that are Institutional Accredited Investors that are
not QIBs, the Class VRRC Certificates (during the Risk Retention Period) and the Class R Certificates (the “Non-Book
Entry Certificates”) shall be in the form of Definitive Certificates, substantially in the applicable form set forth
as an exhibit hereto, issued in the name of such investors or their nominees by the Certificate Registrar who shall deliver the
certificates for such Non-Book Entry Certificates to the respective beneficial owners or owners; provided, that prior to
such transfer the investor executes and delivers to the Certificate Registrar an Investment Representation Letter.

 

(d)          Owners of beneficial interests in Global Certificates of any Class shall not be entitled to receive physical delivery of Definitive
Certificates and have Certificates registered in their names unless: (i) the Depository advises the Certificate Registrar
in writing that the Depository is no longer willing or able to discharge properly its responsibilities as depository with respect
to the Global Certificates of such Class or ceases to be a Clearing Agency, and the Certificate Registrar and the Depositor are
unable to locate a qualified successor within 90 days of such notice or (ii) the Trustee has instituted or has been directed
to institute any judicial proceeding to enforce the rights of the Holders of such Class and the Trustee has been advised by counsel
that in connection with such proceeding it is necessary or appropriate for the Certificate Registrar to obtain possession of the
Certificates of such Class; provided, however, that under no circumstances will Definitive Certificates be issued
to beneficial owners of a Temporary Regulation S Global Certificate. Upon notice of the occurrence of any of the events described
in clause (i) or (ii) above with respect to any Certificates of a Class that are in the form of Global Certificates
and upon surrender by the Depository of any Global Certificate of such Class and receipt from the Depository of instructions for
reregistration, the Certificate Registrar shall issue Certificates of such Class in the form of Definitive Certificates (bearing,
in the case of a Definitive Certificate issued for a Rule 144A Global Certificate, the same legends regarding transfer restrictions
borne by such Global Certificate), and thereafter the Certificate Registrar shall recognize the holders of such Definitive Certificates
as Certificateholders under this Agreement.

 

(e)          During the Risk Retention Period, the Class VRRC Certificates shall only be held as a Definitive Certificate in the Class VRRC
Certificates Safekeeping Account by the Certificate Administrator (and the Holder of the Class VRRC Certificates shall be registered
on the Certificate Register), unless otherwise consented to by the Retaining Sponsor and the Depositor. The Certificate Administrator
shall hold the Class VRRC Certificates in safekeeping and shall release the same only upon receipt of written instructions in
accordance with this Agreement from the Holder of the Class VRRC Certificates and the Retaining Sponsor’s consent and the
Depositor’s consent, and in accordance with any authentication procedures as may be utilized by the Certificate Administrator.
There shall be, and hereby is, established by the Certificate Administrator an account which will be designated the “Class
VRRC Certificates Safekeeping Account” and into which the Class VRRC Certificates shall be held and which shall be governed
by and subject to this Agreement. In addition, on and after the date hereof, the Certificate Administrator may establish any number
of subaccounts to the Class VRRC Certificates Safekeeping Account for the Holder of the Class VRRC Certificates. The Class VRRC
Certificates to be delivered in physical form to the Certificate Administrator shall be delivered as set forth herein. No amounts
distributable to the Class VRRC Certificates shall be remitted to the Class VRRC Certificates Safekeeping Account, but shall be
remitted directly to 

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the Holder of the Class VRRC Certificates in accordance with written instructions provided separately by
the Holder of the Class VRRC Certificates to the Certificate Administrator. Under no circumstances by virtue of safekeeping the
Class VRRC Certificates shall the Certificate Administrator (i) be obligated to bring legal action or institute proceedings against
any person on behalf of the Holder of the Class VRRC Certificates or (ii) have any obligation to monitor, supervise or enforce
the performance of any party under any credit risk retention compliance agreement. The Certificate Administrator shall be entitled
to conclusively rely with no obligation to verify, confirm or otherwise monitor the accuracy of any information included in any
written instructions provided in connection with this Class VRRC Certificates Safekeeping Account and shall have no liability
in connection therewith, other than with respect to the Certificate Administrator’s obligation to obtain the Retaining Sponsor’s
consent and the Depositor’s consent prior to any release of the Class VRRC Certificates. During the Risk Retention Period
and for such longer time as the Retaining Sponsor may request, the Certificate Administrator shall hold the Definitive Certificates
representing the Class VRRC Certificates at the below location, or any other location; provided, the Certificate Administrator
has given notice to the Holder of the Class VRRC Certificates of such new location:

 

Computershare
Trust Company, National Association

Attention: Security Control and Transfer (SCAT)

MAC: N9345-010

425 E. Hennepin Avenue

Minneapolis, Minnesota 55414

 

On
the Closing Date, the Certificate Administrator shall deliver written confirmation to the Depositor, the Retaining Sponsor and
the initial Holder of the Class VRRC Certificates substantially in the form of Exhibit S to this Agreement evidencing its
receipt of the Class VRRC Certificates. The Certificate Administrator shall make available to the Holder of the Class VRRC Certificates
a statement of Class VRRC Certificates Safekeeping Account as mutually agreed upon by the Certificate Administrator and the Holder
of the Class VRRC Certificates, and in accordance with the Certificate Administrator’s policies and procedures. Any transfer
of an Class VRRC Certificates shall be subject to Section 5.3(g) and Section 5.3(i).

 

(f)           In the event the Holder of the Class VRRC Certificates seeks to cause the release of the Class VRRC Certificates from the Class
VRRC Certificates Safekeeping Account, such Holder shall deliver to the Certificate Administrator an executed written request
for such release substantially in the form attached hereto as Exhibit J-6 executed by such Holder, the Retaining Sponsor
and the Depositor. The Certificate Administrator may not consent to, or otherwise permit, any such release without obtaining the
Retaining Sponsor’s and the Depositor’s countersigned request for consent and upon such release, in accordance with
this paragraph, the Certificate Administrator shall have no further obligation with respect to such released certificate. The
Certificate Administrator shall be indemnified and held harmless for any release in connection with the preceding, in accordance
with the terms set forth in Section 8.03.

 

5.3.         Registration of Transfer and Exchange of Certificates. (a)  The Certificate Administrator shall keep or cause
to be kept at the Corporate Trust Office books (the “Certificate Register”) in which, subject to such reasonable
regulations as it may prescribe, the Certificate 

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Administrator shall provide for the registration of Certificates and of transfers
and exchanges of Certificates as herein provided (the Certificate Administrator, in such capacity, being the “Certificate
Registrar”). In such capacities, the Certificate Administrator shall be responsible for, among other things, (i) maintaining
the Certificate Register and a record of the aggregate holdings of Certificates of each Class represented by a Temporary Regulation S
Global Certificate, a Regulation S Global Certificate and a Rule 144A Global Certificate and accepting Certificates for exchange
and registration of transfer, (ii) holding the Class VRRC Certificates as Definitive Certificates on behalf of each Holder of
such Class pursuant to Section 5.2(e) and (iii) transmitting to the Depositor, the Servicer and the Special Servicer
any notices from the Certificateholders.

 

(b)          Subject to the restrictions on transfer set forth in this Article 5, upon surrender for registration of transfer of
any Certificate, the Certificate Registrar shall execute, authenticate and deliver, in the name of the designated transferee or
transferees, one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

 

(c)          Rule 144A Global Certificate to Temporary Regulation S Global Certificate. If a holder of a beneficial interest in a Rule
144A Global Certificate deposited with the Certificate Registrar as custodian for the Depository wishes at any time to exchange
its interest in such Rule 144A Global Certificate for an interest in the Temporary Regulation S Global Certificate of the
same Class, or to transfer its interest in such Rule 144A Global Certificate to an institution who is required to take delivery
thereof in the form of an interest in the Temporary Regulation S Global Certificate of the same Class, such holder may, subject
to the rules and procedures of the Depository, exchange or cause the exchange of such interest for an equivalent beneficial interest
in such Temporary Regulation S Global Certificate. Upon receipt by the Certificate Registrar, as registrar, at its office designated
in Section 5.7, of (1) instructions given in accordance with the Depository’s procedures from a Depository
Participant directing the Certificate Registrar to credit, or cause to be credited, a beneficial interest in the Temporary Regulation S
Global Certificate in an amount equal to the beneficial interest in the Rule 144A Global Certificate to be exchanged, (2) a
written order given in accordance with the Depository’s procedures containing information regarding the Euroclear or Clearstream
account to be credited with such increase and the name of such account and (3) a certificate in the form of Exhibit C hereto given by the holder of such beneficial interest stating that the transfer of such interest has been made in compliance
with the transfer restrictions applicable to the Global Certificates and pursuant to and in accordance with Regulation S,
then the Certificate Registrar shall instruct the Depository to reduce, or cause to be reduced, the Certificate Balance of the
Rule 144A Global Certificate and to increase, or cause to be increased, the Certificate Balance of the Temporary Regulation S
Global Certificate by the aggregate Certificate Balance of the beneficial interest in the Rule 144A Global Certificate to be exchanged,
to credit or cause to be credited to the account of the Person specified in such instructions (who shall be the agent member of
Euroclear or Clearstream, or both) a beneficial interest in the Temporary Regulation S Global Certificate equal to the reduction
in the Certificate Balance of the Rule 144A Global Certificate, and to debit, or cause to be debited, from the account of the
Person making such exchange or transfer the beneficial interest in the Rule 144A Global Certificate that is being exchanged or
transferred.

 

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(d)          Rule 144A Global Certificate to Regulation S Global Certificate. If a holder of a beneficial interest in a Rule 144A Global
Certificate deposited with the Certificate Registrar as custodian for the Depository wishes at any time to exchange its interest
in such Rule 144A Global Certificate for an interest in the Regulation S Global Certificate of the same Class, or to transfer
its interest in such Rule 144A Global Certificate to a Person who is required to take delivery thereof in the form of an interest
in a Regulation S Global Certificate, such holder may, subject to the rules and procedures of the Depository, exchange, or cause
the exchange of, such interest for an equivalent beneficial interest in such Regulation S Global Certificate. Upon receipt by
the Certificate Registrar, as registrar, at its office designated in Section 5.7, of (1) instructions given in
accordance with the Depository’s procedures from a Depository Participant directing the Certificate Registrar to credit
or cause to be credited a beneficial interest in the Regulation S Global Certificate in an amount equal to the beneficial interest
in the Rule 144A Global Certificate to be exchanged, (2) a written order given in accordance with the Depository’s
procedures containing information regarding the participant account of the Depository to be credited with such increase and (3) a
certificate in the form of Exhibit D hereto given by the holder of such beneficial interest stating (A) that
the transfer of such interest has been made in compliance with the transfer restrictions applicable to the Global Certificates
and pursuant to and in accordance with Regulation S, or (B) that the transferee is otherwise entitled to hold its interest
in the applicable Certificates in the form of an interest in the Regulation S Global Certificate, without any registration of
such Certificates under the Act (in which case such certificate shall enclose an Opinion of Counsel to such effect and such other
documents as the Certificate Registrar may reasonably require), then the Certificate Registrar shall instruct the Depository to
reduce, or cause to be reduced, the Certificate Balance of the Rule 144A Global Certificate and to increase, or cause to be increased,
the Certificate Balance of the Regulation S Global Certificate by the aggregate Certificate Balance of the beneficial interest
in the Rule 144A Global Certificate to be exchanged, to credit or cause to be credited to the account of the Person specified
in such instructions a beneficial interest in the Regulation S Global Certificate equal to the reduction in the Certificate Balance
of the Rule 144A Global Certificate, and to debit, or cause to be debited, from the account of the Person making such exchange
or transfer the beneficial interest in the Rule 144A Global Certificate that is being exchanged or transferred.

 

(e)          Temporary Regulation S Global Certificate or Regulation S Global Certificate to Rule 144A Global Certificate. If a
holder of a beneficial interest in a Temporary Regulation S Global Certificate or Regulation S Global Certificate deposited
with the Certificate Registrar as custodian for the Depository wishes at any time to exchange its interest in such Temporary Regulation
S Global Certificate or Regulation S Global Certificate for an interest in the Rule 144A Global Certificate of the same Class,
or to transfer its interest in such Temporary Regulation S Global Certificate or Regulation S Global Certificate to a Person
who is required to take delivery thereof in the form of an interest in the Rule 144A Global Certificate, such holder may, subject
to the rules and procedures of Euroclear or Clearstream, as the case may be, and the Depository, exchange or cause the exchange
of such interest for an equivalent beneficial interest in the Rule 144A Global Certificate of the same Class. Upon receipt by
the Certificate Registrar, as registrar, at its office designated in Section 5.7, of (1) instructions from Euroclear
or Clearstream, if applicable, and the Depository, directing the Certificate Registrar, as registrar, to credit or cause to be
credited a beneficial interest in the Rule 144A Global Certificate equal to the beneficial interest in the Temporary Regulation S
Global Certificate or Regulation S Global 

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Certificate to be exchanged, such instructions to contain information regarding the
participant account with the Depository to be credited with such increase, (2) with respect to a transfer of an interest
in the Regulation S Global Certificate, information regarding the participant account of the Depository to be debited with such
decrease and (3) with respect to a transfer of an interest in the Temporary Regulation S Global Certificate (but not the
Regulation S Global Certificate) for an interest in the Rule 144A Global Certificate, a certificate in the form of Exhibit E
hereto given by the holder of such beneficial interest and stating that the Person transferring such interest in the Temporary
Regulation S Global Certificate reasonably believes that the Person acquiring such interest in the Rule 144A Global Certificate
is a QIB and is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A, then the Certificate
Registrar shall instruct the Depository to reduce, or cause to be reduced, the Certificate Balance of the Temporary Regulation
S Global Certificate or Regulation S Global Certificate and to increase, or cause to be increased, the Certificate Balance of
the Rule 144A Global Certificate by the aggregate Certificate Balance of the beneficial interest in the Temporary Regulation S
Global Certificate or Regulation S Global Certificate to be exchanged, and the Certificate Registrar shall instruct the Depository,
concurrently with such reduction, to credit, or cause to be credited, to the account of the Person specified in such instructions,
a beneficial interest in the Rule 144A Global Certificate equal to the reduction in the Certificate Balance of the Temporary Regulation
S Global Certificate or Regulation S Global Certificate and to debit, or cause to be debited, from the account of the Person making
such exchange or transfer the beneficial interest in the Temporary Regulation S Global Certificate or Regulation S Global Certificate
that is being transferred.

 

(f)           Temporary Regulation S Global Certificate to Regulation S Global Certificate. Interests in a Temporary Regulation S
Global Certificate as to which the Certificate Registrar has received from Euroclear or Clearstream, as the case may be, a certificate
(a “Non-U.S. Beneficial Ownership Certification”) to the effect that Euroclear or Clearstream, as applicable,
has received a certificate substantially in the form of Exhibit F hereto from the holder of a beneficial interest
in such Temporary Regulation S Global Certificate, shall be exchanged after the Restricted Period, for interests in the Regulation
S Global Certificate of the same Class. The Certificate Registrar shall effect such exchange by delivering to the Depository for
credit to the respective accounts of such holders, a duly executed and authenticated Regulation S Global Certificate, representing
the aggregate Certificate Balance of interests in the Temporary Regulation S Global Certificate initially exchanged for interests
in the Regulation S Global Certificate. The delivery to the Certificate Registrar by Euroclear or Clearstream of the certificate
or certificates referred to above may be relied upon by the Depositor and the Certificate Registrar as conclusive evidence that
the certificate or certificates referred to therein has or have been delivered to Euroclear or Clearstream pursuant to the terms
of this Agreement and the Temporary Regulation S Global Certificate. Upon any exchange of interests in the Temporary Regulation S
Global Certificate for interests in the Regulation S Global Certificate, the Certificate Registrar shall endorse the Temporary
Regulation S Global Certificate to reflect the reduction in the Certificate Balance represented thereby by the amount so
exchanged and shall endorse the Regulation S Global Certificate to reflect the corresponding increase in the amount represented
thereby. Until so exchanged in full and except as provided therein, the Temporary Regulation S Global Certificate, and the
Certificates evidenced thereby, shall in all respects be entitled to the same benefits under this Agreement as the Regulation
S Global Certificate and Rule 144A Global Certificate authenticated and delivered hereunder.

 

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(g)          Non-Book Entry Certificate to Global Certificate. If a Holder of a Non-Book Entry Certificate (other than a Risk Retention
Certificate during the Risk Retention Period or a Class R Certificate) wishes at any time to exchange its interest in such Non-Book
Entry Certificate for an interest in a Global Certificate of the same Class, or to transfer all or part of such Non-Book Entry
Certificate to a Person who is entitled to take delivery thereof in the form of an interest in a Global Certificate, such Holder
may, subject to the rules and procedures of Euroclear or Clearstream, if applicable, and the Depository, cause the exchange of
all or part of such Non-Book Entry Certificate for an equivalent beneficial interest in the appropriate Global Certificate of
the same Class. Upon receipt by the Certificate Registrar, as registrar, at its office designated in Section 5.7,
of (1) such Non-Book Entry Certificate, duly endorsed as provided herein, (2) instructions from such Holder directing
the Certificate Registrar, as registrar, to credit, or cause to be credited, a beneficial interest in the applicable Global Certificate
equal to the portion of the Certificate Balance of the Non-Book Entry Certificate to be exchanged, such instructions to contain
information regarding the participant account with the Depository to be credited with such increase and (3) a certificate
in the form of Exhibit G hereto (in the event that the applicable Global Certificate is the Temporary Regulation S
Global Certificate), in the form of Exhibit H hereto (in the event that the applicable Global Certificate is the Regulation
S Global Certificate) or in the form of Exhibit I hereto (in the event that the applicable Global Certificate is the
Rule 144A Global Certificate), then the Certificate Registrar, as registrar, shall cancel, or cause to be canceled, all or part
of such Non-Book Entry Certificate, shall, if applicable, execute, authenticate and deliver to the transferor a new Non-Book Entry
Certificate equal to the aggregate Certificate Balance of the portion retained by such transferor and shall instruct the Depository
to increase, or cause to be increased, such Global Certificate by the aggregate Certificate Balance of the portion of the Non-Book
Entry Certificate to be exchanged and to credit, or cause to be credited, to the account of the Person specified in such instructions
a beneficial interest in the applicable Global Certificate equal to the Certificate Balance of the portion of the Non-Book Entry
Certificate so canceled.

 

(h)          Non-Book Entry Certificates on Initial Issuance Only. Subject to the issuance of Definitive Certificates, if and when permitted
by Section 5.2(d) and subject to the issuance and transfer of the Class VRRC Certificates during the Risk Retention
Period in accordance with Section 5.3(i), no Non-Book Entry Certificate shall be issued to a transferee of an interest
in any Rule 144A Global Certificate, Temporary Regulation S Global Certificate or Regulation S Global Certificate
or to a transferee of a Non-Book Entry Certificate (or any portion thereof).

 

(i)           Transfers of Class VRRC Certificates.  At all times during the Risk Retention Period, if a transfer of any Class VRRC
Certificates after the Closing Date is to be made, then upon receipt of (i) a certification from such Certificateholder’s
prospective transferee substantially in the form attached hereto as Exhibit J-4, which such certification must be
countersigned by the Retaining Sponsor, (ii) a certification from the Certificateholder desiring to effect such transfer substantially
in the form attached hereto as Exhibit J-5, which such certification must be countersigned by the Retaining Sponsor, (iii)
a W-9 completed by the transferee and (iv) wire instructions and contact information of the transferee, the Certificate Administrator
(which may conclusively rely upon such certifications) shall instruct the Certificate Registrar to register such transfer.  Upon
receipt of the Certificate Administrator’s instruction, the Certificate Registrar shall, subject to Section 5.2(e)
and Section 5.3(a) register 

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the transfer of the VRRC Certificates, reflect such Class VRRC Certificates in the name of
the prospective transferee and shall deliver written confirmation substantially in the form of Exhibit S to this Agreement.
The Certificate Registrar shall not register a transfer of any Class VRRC Certificates after the Closing Date during the Risk
Retention Period unless it is so instructed by the Certificate Administrator. After the termination of the Risk Retention Period,
if a transfer of the Class VRRC Certificates is to be made and the Class VRRC Certificates are in the Class VRRC Certificates
Safekeeping Account, then upon receipt of: (i) a certification from such Certificateholder’s prospective transferee substantially
in the form attached hereto as Exhibit J-4, which such certification must be countersigned by the Retaining Sponsor
and (ii) a certification from the Certificateholder desiring to effect such transfer substantially in the form attached hereto
as Exhibit J-5, which such certification must be countersigned by the Retaining Sponsor, the Certificate Administrator
(which may conclusively rely upon such certifications) shall instruct the Certificate Registrar to register such transfer, and
upon receipt of the Certificate Administrator’s instruction, the Certificate Registrar shall register the transfer of the
Class VRRC Certificates and reflect such Class VRRC Certificates in the name of the prospective transferee. After the termination
of the Risk Retention Period, if a transfer of the Class VRRC Certificates is to be made and the Class VRRC Certificates are in
the Class VRRC Certificates Safekeeping Account, the Certificate Registrar shall not register a transfer of any Risk Retention
Certificate unless it is so instructed by the Certificate Administrator. For the avoidance of doubt, in no event shall a Class
VRRC Certificate be held as a Global Certificate during the Risk Retention Period. Any transfer of an interest in the Class VRRC
Certificates that is not in compliance with this Section 5.3 shall be null and void ab initio to the extent permitted
under applicable law.

 

(j)           Other Exchanges. In the event that a Global Certificate is exchanged for a Definitive Certificate, such Certificates may
be exchanged only in accordance with such procedures as are substantially consistent with the provisions of clauses (c) through (f) above (including the certification requirements intended to ensure that such transfers comply with Rule
144A or Regulation S, at the case may be) and such other procedures as may from time to time be adopted by the Certificate Registrar.

 

(k)          Restricted Period. Prior to the termination of the Restricted Period with respect to the issuance of the Certificates,
transfers of interests in the Temporary Regulation S Global Certificate to U.S. persons (as defined in Regulation S) shall be
limited to transfers made pursuant to the provisions of clause (e) above.

 

(l)           If Certificates are issued upon the transfer, exchange or replacement of Certificates bearing a restrictive legend relating to
compliance with the Act, or if a request is made to remove such legend on Certificates, the Certificates so issued shall bear
the restrictive legend, or such legend shall not be removed, as the case may be, unless there is delivered to the Certificate
Registrar such satisfactory evidence, which may include an Opinion of Counsel that neither such legend nor the restrictions on
transfer set forth therein are required to ensure that transfers thereof comply with the provisions of Rule 144A, Rule 144 or
Regulation S under the Act or, with respect to Non-Book Entry Certificates, that such Certificates are not “restricted”
within the meaning of Rule 144 under the Act. Upon provision of such satisfactory evidence, the Certificate Registrar shall authenticate
and deliver Certificates that do not bear such legend.

 

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(m)         All Certificates surrendered for registration of transfer and exchange shall be canceled and subsequently destroyed by the Certificate
Registrar in accordance with the Certificate Registrar’s customary procedures.

 

(n)          No Class VRRC or Class R Certificate may be purchased by or transferred to any prospective purchaser or transferee that is or
will be (i) an employee benefit plan or other plan subject to the fiduciary responsibility provisions of ERISA or to Section 4975
of the Code or a governmental plan (as defined in Section 3(32) of ERISA) or other plan that is subject to any federal, state
or local law that is, to a material extent, similar to Section 406 of ERISA or Section 4975 of the Code (“Similar Law”)
(each, a “Plan”), or (ii) any Person acting on behalf of any such Plan or using the assets of a Plan to purchase
such Certificate, other than, in the case of the Class VRRC Certificates, an insurance company using assets of its general account
under circumstances whereby such purchase, holding and the subsequent disposition of such Class VRRC Certificates by such insurance
company would be exempt from the prohibited transaction provisions of Sections 406 and 407 of ERISA and Section 4975 of the Code
under Sections I and III of U.S. Department of Labor Prohibited Transaction Class Exemption 95-60, or, in the case of a Plan subject
to Similar Law, its purchase, holding and subsequent disposition of such Certificates will not constitute or result in a non-exempt
violation of Similar Law. Each prospective transferee of a Class VRRC or Class R Certificate in the form of a Definitive Certificate
shall deliver to the transferor, the Certificate Registrar and the Certificate Administrator a representation letter, substantially
in the form of Exhibit J-3, stating that the prospective transferee is not a Person described in clause (i) or clause
(ii) of the immediately preceding sentence. No Class A, Class B, Class C, Class D or Class E Certificate may be purchased
by or transferred to any prospective purchaser or transferee that is or will be a Plan, or any Person acting on behalf of any
such Plan or using the assets of a Plan to purchase such Certificate, unless (A) the purchaser is an “accredited investor”
within the meaning of Rule 501(a)(1) of Regulation D of the Act and (B) the acquisition, holding and disposition of such Certificate
by the purchaser will not constitute or otherwise result in a non-exempt prohibited transaction under ERISA or Section 4975
of the Code (or a non-exempt violation of Similar Law). Any attempted or purported transfer in violation of these transfer restrictions
shall be null and void ab initio and shall vest no rights in any purported transferee and shall not relieve the transferor
of any obligations with respect to the applicable Certificates.

 

(o)          Each Person who has or acquires any Residual Ownership Interest shall be deemed by the acceptance or acquisition of such Residual
Ownership Interest to have agreed to be bound by the following provisions and the rights of each Person acquiring any Residual
Ownership Interest are expressly subject to the following provisions:

 

(i)           Each Person acquiring or holding any Residual Ownership Interest shall be a Permitted Transferee and shall not acquire or hold
such Residual Ownership Interest as agent (including a broker, nominee or other middleman) on behalf of any Person that is not
a Permitted Transferee. Any such Person shall promptly notify the Certificate Registrar of any change or impending change in its
status (or the status of the beneficial owner of such Residual Ownership Interest) as a Permitted Transferee. Any acquisition
of a Residual Ownership Interest by a Person who is not a Permitted Transferee or by a Person who is acting as an agent of a Person
who is not a Permitted Transferee shall be void ab initio and of no effect, and the immediately preceding owner 

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who was
a Permitted Transferee shall be restored to registered and beneficial ownership of the Residual Ownership Interest as soon and
as fully as possible.

 

(ii)          No Residual Ownership Interest may be transferred, and no such transfer shall be registered in the Certificate Register, without
the express written consent of the Certificate Registrar, and the Certificate Registrar shall not recognize the transfer, and
such proposed transfer shall not be effective, without such consent with respect thereto. In connection with any proposed transfer
of any Residual Ownership Interest, the Certificate Registrar shall, as a condition to such consent, (x) require the proposed
transferee to deliver, and the proposed transferee shall deliver to the Certificate Registrar and to the proposed transferor,
an affidavit in substantially the form attached as Exhibit J-1 (a “Transferee Affidavit”) of the
proposed transferee (A) that such proposed transferee is a Permitted Transferee and (B) stating that (1) the proposed
transferee historically has paid its debts as they have come due and intends to do so in the future, (2) the proposed transferee
understands that, as the holder of a Residual Ownership Interest, it may incur liabilities in excess of cash flows generated by
the residual interest, (3) the proposed transferee intends to pay taxes associated with holding the Residual Ownership Interest
as they become due, (4) the proposed transferee will not cause income with respect to the Residual Ownership Interest to
be attributable to a foreign permanent establishment or fixed base, within the meaning of an applicable income tax treaty, of
such proposed transferee or any other U.S. Person, (5) the proposed transferee will not transfer the Residual Ownership Interest
to any Person that does not provide a Transferee Affidavit or as to which the proposed transferee has actual knowledge that such
Person is not a Permitted Transferee or is acting as an agent (including a broker, nominee or other middleman) for a Person that
is not a Permitted Transferee, and (6) the proposed transferee expressly agrees to be bound by and to abide by the provisions
of this Section 5.3(n) and (y) other than in connection with the initial issuance of a Class R Certificate, require
a statement from the proposed transferor substantially in the form attached as Exhibit J-2 (the “Transferor
Letter”), that the proposed transferor has no actual knowledge that the proposed transferee is not a Permitted Transferee
and has no actual knowledge or reason to know that the proposed transferee’s statements in the Transferee Affidavit are
false.

 

(iii)         Notwithstanding the delivery of a Transferee Affidavit by a proposed transferee under clause (ii) above, if a Responsible
Officer of the Certificate Registrar has actual knowledge that the proposed transferee is not a Permitted Transferee, no transfer
to such proposed transferee shall be effected and such proposed transfer shall not be registered on the Certificate Register;
provided, however, the Certificate Registrar shall not be required to conduct any independent investigation to determine
whether a proposed transferee is a Permitted Transferee. Upon notice to the Certificate Registrar that there has occurred a transfer
to any Person that is a Disqualified Organization or an agent thereof (including a broker, nominee or middleman) in contravention
of the foregoing restrictions, and in any event not later than 60 days after a request for information from the transferor of
such Residual Ownership Interest or such agent, the Certificate Registrar and the Certificate Administrator agree to furnish to
the IRS and the transferor of such Residual Ownership Interest or such agent such information necessary to the application of
Section 860E(e) of the Code as may be required by the 

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Code, including, but not limited to, the present value of the total
anticipated excess inclusions with respect to such Class R Certificate (or portion thereof) for periods after such transfer.
At the election of the Certificate Registrar, the Certificate Registrar may charge a reasonable fee for computing and furnishing
such information to the transferor or to such agent referred to above; provided, however, such Persons shall in
no event be excused from furnishing such information.

 

(iv)         The Class R Certificates may only be issued as Definitive Certificates and transferred to and owned by QIBs.

 

(p)          No transfer, sale, pledge or other disposition of any Certificate or interest therein shall be made unless that transfer, sale,
pledge or other disposition is exempt from the registration and/or qualification requirements of the Act and any applicable state
securities laws, or is otherwise made in accordance with the Act and such state securities laws. Neither the Depositor, the Servicer,
the Special Servicer, the Trustee, the Certificate Administrator nor the Certificate Registrar are obligated to register or qualify
the Certificates under the Act or any other securities law or to take any action not otherwise required under this Agreement to
permit the transfer of such Certificates without registration or qualification.

 

(q)          Until the expiration of the Risk Retention Period, no Person shall be permitted to own, directly or indirectly, any interest in
the VRR Interest other than (i) BMO or one of its Majority Owned Affiliates that is not a Non-Exempt Person or (ii) a Person that
provides financing permitted under the Credit Risk Retention Rule (a “Permitted Lender”) to BMO or such Majority
Owned Affiliate; provided, further, that if such financing is provided by the Permitted Lender in a repurchase transaction,
such BMO or such Majority Owned Affiliate of the BMO may transfer its interest in the VRR Interest to the Permitted Lender so
long as such BMO or such Majority Owned Affiliate is obligated to repurchase such interest in the VRR Interest pursuant to the
terms of the related financing documents. The VRR Interest Owner, if it wishes to transfer the VRR Interest, shall notify the
Certificate Administrator in writing of such transfer and identify the new VRR Interest Owner. After the expiration of the Risk
Retention Period, the VRR Interest or any portion thereof may be transferred to BMO or one of its Affiliates that is not a Non-Exempt
Person. The Certificate Administrator shall register the ownership of the VRR Interest on a registry of ownership maintained by
the Certificate Administrator, except that the Certificate Administrator shall not record the initial ownership of the VRR Interest
by BMO or any subsequent transfer of the VRR Interest to a Majority Owned Affiliate of BMO. Any transfer of the VRR Interest (including
to a Majority Owned Affiliate) shall be null and void ab initio to the extent permitted under applicable law unless all
of the following is provided to the Certificate Administrator (i) the transferor of the VRR Interest has executed and delivered
to the Certificate Administrator a certification in the form of Exhibit J-8 hereto, which such certification must be countersigned
by the Retaining Sponsor and (ii) the transferee of the VRR Interest has executed and delivered to the Certificate Administrator
a certification in the form of Exhibit J-7 hereto, which such certification must be countersigned by the Retaining Sponsor
and shall include wiring instructions and contact information for such transferee. Notwithstanding anything else in this Agreement
to the contrary, no Person shall have any rights hereunder with respect to the VRR Interest unless (i) in the case of BMO or its
Majority Owned Affiliate, such Person is identified in writing to the Certificate Administrator as being the VRR Interest Owner
or (ii) in the case of any subsequent transferee, such Person is 

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identified as being the VRR Interest Owner on the ownership registry.
The Certificate Administrator, the other parties to this Agreement and the Certificateholders shall be entitled to treat the VRR
Interest Owner (in the case of any subsequent VRR Interest Owner, as recorded on such ownership registry) as the owner in fact
thereof for all purposes and shall not be bound to recognize any equitable or other claim to or interest in the VRR Interest on
the part of any other Person. Any transfer of an interest in the VRR Interest that is not in compliance with this Section 5.3(q) or Section 5.3(r) shall be null and void ab initio to the extent permitted under applicable law.

 

(r)           BMO represents, and any subsequent VRR Interest Owner shall be deemed by virtue of its acceptance of the VRR Interest to represent,
to the Trust and the Certificate Administrator (for the benefit of the borrowers) that it is not a Non-Exempt Person. Contemporaneously
with the execution of this Agreement and from time to time as necessary during the term of the Agreement, the VRR Interest Owner
shall deliver to the Certificate Administrator evidence satisfactory to the Certificate Administrator substantiating that it is
not a Non-Exempt Person and that the Certificate Administrator 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,
(a) if the VRR Interest Owner 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 Certificate Administrator an Internal
Revenue Service Form W-9 and (b) if the VRR Interest Owner 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 borrowers is treated for United
States income tax purposes as derived in whole or part from sources within the United States, the VRR Interest Owner shall satisfy
the requirements of the preceding sentence by furnishing to the Certificate Administrator an Internal Revenue Service Form W-8ECI,
Form W-8IMY (with appropriate attachments), Form W-8BEN or Form W-8BEN-E, or successor forms, as may be required from time to
time, duly executed by the VRR Interest Owner, as evidence of the VRR Interest Owner’s exemption from the withholding of
United States tax with respect thereto. The Certificate Administrator shall not be obligated to make any payment hereunder to
the VRR Interest Owner in respect of the VRR Interest or otherwise until the VRR Interest Owner shall have furnished to the Certificate
Administrator the forms, certificates, statements or documents required by this Section 5.3(r).

 

(s)          Each purchaser that is or is acting on behalf of or using the assets of a Plan subject to Section 406 of ERISA or Section 4975
of the Code (an “ERISA Plan”) will be deemed to have represented and warranted that (i) none of the Depositor,
any Initial Purchaser, the Trustee, the Certificate Administrator, the Servicer or the Special Servicer, or any of their affiliates
has provided any investment advice within the meaning of Section 3(21) of ERISA (and regulations thereunder) to the ERISA Plan,
or to any fiduciary or other person making the decision to invest the assets of the ERISA Plan (“Fiduciary”),
in connection with its acquisition of Certificates, and (ii) the Fiduciary is exercising its own independent judgment in evaluating
the transaction.

 

5.4.         Mutilated, Destroyed, Lost or Stolen Certificates. If (a) any mutilated Certificate is surrendered to the Certificate
Registrar, or the Certificate Registrar receives evidence to its satisfaction of the destruction, loss or theft of any Certificate
and (b) there is 

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delivered to the Certificate Registrar such security or indemnity as may be required by it to save it harmless,
then, in the absence of actual notice to the Certificate Registrar that such Certificate has been acquired by a bona fide purchaser,
the Certificate Registrar shall execute, authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed,
lost or stolen Certificate, a new Certificate of like tenor and interest in the Trust Fund. In connection with the issuance of
any new Certificate under this Section 5.4, the Certificate Registrar may require the payment of a sum sufficient
to cover any expenses (including the fees and expenses of the Certificate Registrar) connected therewith. Any replacement Certificate
issued pursuant to this Section 5.4 shall constitute complete and indefeasible evidence of ownership in the Trust
Fund, as if originally issued, whether or not the lost, stolen or destroyed Certificate shall be found at any time.

 

5.5.         Persons Deemed Owners. The Servicer, the Special Servicer, the Certificate Administrator, the Trustee and the Certificate
Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered as the owner of such
Certificate for the purpose of receiving distributions as provided in this Agreement and for all other purposes whatsoever, and
neither the Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Certificate Registrar, nor any agent
of any of them shall be affected by any notice to the contrary; provided, however, that to the extent that a party
to this Agreement responsible for distributing any report, statement or other information required to be distributed to Certificateholders
or the VRR Interest Owner has been provided an Investor Certification by a Beneficial Owner (or prospective transferee of a Certificate),
such party to this Agreement shall distribute such report, statement or other information to such Beneficial Owner (or such prospective
transferee).

 

5.6.         Access to List of Certificateholders’ Names and Addresses; Special Notices.

 

The
Certificate Registrar shall maintain in as current a form as is reasonably practicable the most recent list available to it of
the names and addresses of the Certificateholders. If any Certificateholder that has provided an Investor Certification (a) requests
in writing from the Certificate Registrar a list of the names and addresses of Certificateholders, (b) states that such Certificateholder
desires to communicate with other Certificateholders with respect to its rights under this Agreement or under the Certificates
and (c) provides a copy of the communication which such Certificateholder proposes to transmit, then the Certificate Registrar
shall, within ten (10) Business Days after the receipt of such request, afford such Certificateholder access during normal business
hours to a current list of the Certificateholders. Every Certificateholder, by receiving and holding a Certificate, agrees that
the Certificate Registrar and the Certificate Administrator shall not be held accountable by reason of the disclosure of any such
information as to the list of the Certificateholders hereunder, regardless of the source from which such information was derived.
The Servicer, the Special Servicer, the Trustee and the Depositor shall be entitled to a list of the names and addresses of Certificateholders
from time to time upon request therefor and any reasonable costs associated therewith shall be a Trust Fund Expense.

 

Upon
the written request of any Certificateholder, VRR Interest Owner or Beneficial Owner that (a) has provided an Investor Certification,
(b) states that such 

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Certificateholder, VRR Interest Owner or Beneficial Owner desires the Certificate Administrator to transmit
a notice to all Certificateholders or Beneficial Owner stating that such Certificateholder, VRR Interest Owner or Beneficial Owner
wishes to be contacted by other Certificateholders or Beneficial Owners, setting forth the relevant contact information and briefly
stating the reason for the requested contact (a “Special Notice”) and (c) provides a copy of the Special
Notice which such Certificateholder, VRR Interest Owner or Beneficial Owner proposes to transmit, the Certificate Administrator
shall post such Special Notice to the Certificate Administrator’s Website pursuant to Section 8.14(b) and shall
mail such Special Notice to all Certificateholders and the VRR Interest Owner at their respective addresses appearing on the Certificate
Register. The costs and expenses of the Certificate Administrator associated with delivering any such Special Notice shall be
borne by the party requesting such Special Notice. Every Certificateholder and Beneficial Owner, by receiving and holding a Certificate,
agrees that neither the Certificate Administrator nor the Certificate Registrar shall be held accountable by reason of the disclosure
of any such Special Notice to Certificateholders, regardless of the information set forth in such Special Notice.

 

5.7.         Maintenance of Office or Agency. The Certificate Registrar shall maintain or cause to be maintained an office or offices
or agency or agencies where Certificates may be surrendered for registration of transfer or exchange and where notices and demands
to or upon the Certificate Registrar in respect of the Certificates and this Agreement may be served. The Certificate Registrar
initially designates its office at Computershare Trust Company, National Association, 600 South 4th Street, 7th
Floor, Minneapolis, MN 55415 as its office for such purposes. The Certificate Registrar shall give prompt written notice
to the Certificateholders, the VRR Interest Owner and the Borrower of any change in the location of the Certificate Register or
any such office or agency.

 

6.               THE DEPOSITOR, THE SERVICER AND THE SPECIAL SERVICER

 

6.1.           
Respective Liabilities of the Depositor, the Servicer and the Special Servicer. The Depositor, the Servicer and the Special
Servicer each shall be liable in accordance herewith only to the extent of the obligations specifically imposed by this Agreement.

 

6.2.         Merger or Consolidation of the Servicer or the Special Servicer. Each of the Servicer and the Special Servicer shall keep
in full effect its existence and rights as an entity under the laws of the jurisdiction of its organization, and shall be in compliance
with the laws of all jurisdictions to the extent necessary to perform its duties under this Agreement.

 

Any
Person into which the Servicer or the Special Servicer may be merged or consolidated, or any Person resulting from any merger
or consolidation to which the Servicer or the Special Servicer shall be a party, or any Person succeeding to the business of the
Servicer or the Special Servicer, shall be the successor of the Servicer or the Special Servicer as the case may be, hereunder,
and shall be deemed to have assumed all of the liabilities and obligations of such Servicer or the Special Servicer hereunder,
without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the
contrary notwithstanding; provided, however, unless such successor or surviving Person is the Servicer or the Special
Servicer, each of the Certificate Administrator and the Trustee shall have received a 

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Rating Agency Confirmation before any such
surviving Person shall be deemed to be the successor of the Servicer or the Special Servicer, as the case may be, hereunder.

 

6.3.         Limitation on Liability of the Depositor, the Servicer, the Special Servicer and Others. (a)  Neither the Depositor,
the Servicer, the Special Servicer nor any of their respective directors, officers, members, managers, partners, employees, Affiliates
or agents shall be under any liability to the Trust, the Certificateholders, the VRR Interest Owner, any Companion Loan Holder
or the Directing Holder for any action taken or for refraining from the taking of any action in good faith pursuant to this Agreement,
or for any action taken or not taken at the direction of Certificateholders, the Companion Loan Holders or the Directing Holder
or for errors in judgment, that does not violate any law or Accepted Servicing Practices or the provisions of this Agreement or
the Co-Lender Agreement; provided, however, that this provision shall not protect the Depositor, the Servicer, the
Special Servicer or any such other Person against any breach of warranties or representations made herein or any liability which
would otherwise be imposed by reason of willful misconduct, bad faith or negligence in the performance of its duties or by reason
of negligent disregard of its obligations and duties hereunder. The Depositor, the Servicer, the Special Servicer and any of their
respective directors, officers, employees, members, managers, partners, Affiliates or agents may reasonably rely on any document
of any kind prima facie properly executed and submitted by any Person respecting any matters arising hereunder. The Depositor,
the Servicer, the Special Servicer and any of their respective directors, officers, members, managers, partners, employees, agents,
Affiliates or other “controlling persons” within the meaning of Section 15 of the Act or Section 20 of the
Exchange Act (“Controlling Persons”), shall be indemnified by the Trust and held harmless against any loss,
liability, claim, demand or expense (including reasonable legal fees and expenses and expenses relating to the enforcement of
this indemnity) incurred in connection with any legal action or other claims, losses, penalties, fines, foreclosures, judgments
or liabilities relating to this Agreement, the Mortgage Loan, the Co-Lender Agreement, the Property, the Certificates or the VRR
Interest Owner (except as any such loss, liability or expense shall be otherwise reimbursable and reimbursed pursuant to this
Agreement), other than any loss, liability or expense incurred by reason of willful misconduct, bad faith or negligence by it
in the performance of its duties hereunder or by reason of its negligent disregard of its obligations and duties hereunder. The
Trust shall reimburse all amounts for which a party is entitled to indemnification under this Section 6.3(a) as such expenses
are incurred. Neither the Depositor, the Servicer nor Special Servicer shall be under any obligation to appear in, prosecute or
defend any legal action which is not incidental to its respective duties under this Agreement and which in its opinion may involve
it in any expense or liability; provided, however, that the Depositor, the Servicer or the Special Servicer may,
in its discretion, undertake any such action which it may deem necessary or desirable (in the case of the Servicer or Special
Servicer, in accordance with Accepted Servicing Practices) in respect of this Agreement and the rights and duties of the parties
hereto and the interests of the Certificateholders and the VRR Interest Owner hereunder. In such event, the legal expenses and
costs of such action and any liability resulting therefrom shall be expenses, costs and liabilities of the Trust, and the Depositor,
the Servicer and the Special Servicer shall be entitled to be reimbursed therefor pursuant to Section 3.4(c) from
funds on deposit in the Collection Account or the Distribution Account. Subject to Section 6.6, neither the Servicer nor
the Special Servicer shall be accountable for the use or application by the Depositor of any of the Certificates or of the proceeds
of such Certificates or for the use or application by the Trustee or Certificate Administrator of any funds 

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paid to the Trustee
or the Certificate Administrator, as applicable, in respect of the Mortgage Loan deposited into or withdrawn from the Distribution
Account or any account (other than the Collection Account and the Foreclosed Property Account and any other account maintained
by the Servicer, the Special Servicer or any Sub-Servicer pursuant to this Agreement) maintained by or on behalf of the Trustee
or the Certificate Administrator (except to the extent that any such account is held by the Servicer or the Special Servicer in
its commercial capacity), or for investment of such amounts (other than investments made with the Servicer or the Special Servicer
in its commercial capacity).

 

(b)          In order to comply with Applicable Banking Law, the Servicer and the Special Servicer, as the case may be, may be required to
obtain, verify and record certain information relating to individuals and entities that maintain a business relationship with
the Servicer or the Special Servicer. Accordingly, each of the parties hereto agrees to provide to the Servicer and the Special
Servicer, upon its respective request from time to time, such identifying information and documentation as may be available for
such party in order to enable the Servicer and the Special Servicer to comply with Applicable Banking Law.

 

(c)          The Depositor shall not be obligated to monitor or supervise the performance of the Servicer, the Special Servicer, the Trustee
or the Certificate Administrator under this Agreement.

 

6.4.         Servicer and Special Servicer Not to Resign; Replacement of Servicer or Special Servicer. (a) Each of the Servicer and
Special Servicer may resign and subject to the rights of the Directing Holder under this Agreement with respect to appointment
of a Special Servicer, assign its rights and delegate its duties and obligations under this Agreement to any Person or to an entity,
provided that:

 

(i)           the Person accepting such assignment and delegation (A) shall be an established mortgage finance institution, bank or mortgage
servicing institution having a net worth of not less than $25,000,000, organized and doing business under the laws of the United
States or of any state of the United States or the District of Columbia, authorized under such laws to perform the duties of the
Servicer or the Special Servicer, as the case may be, of the Mortgage Loan, (B) shall execute and deliver to the Trustee
an agreement in form and substance reasonably satisfactory to the Trustee, which contains an assumption by such Person of the
due and punctual performance and observance of each covenant and condition to be performed or observed by the Servicer or the
Special Servicer, as the case may be, under this Agreement from and after the date of such agreement; provided, however that to the extent such agreement modifies in any respect any of the covenants, terms or conditions in this Agreement to be
performed by the Servicer or the Special Servicer, as the case may be, such agreement shall be subject to the approval of the
Trustee, such approval not to be unreasonably withheld, (C) shall make such representations and warranties of the Servicer
or the Special Servicer, as the case may be, as provided in Section 2.6, and (D) shall not be a Borrower Related Party;

 

(ii)          Rating Agency Confirmation has been received;

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(iii)         the Servicer or the Special Servicer, as the case may be, shall not be released from its obligations under this Agreement that
arose prior to the effective date of such assignment and delegation under this Section 6.4(a);

 

(iv)         the rate at which any servicing compensation (any component thereof) is calculated shall not exceed the rate specified herein;
and

 

(v)          the Servicer or the Special Servicer, as the case may be, shall reimburse the Trustee, the Trust, and the Rating Agencies for
any expenses of such assignment, sale or transfer.

 

Upon
satisfaction of the foregoing requirements and acceptance of such assignment, such Person shall be the successor Servicer or the
Special Servicer, as the case may be, hereunder.

 

(b)          Subject to (and except as otherwise provided in) the provisions of Sections 6.2 and 6.4(a), neither the Servicer
nor the Special Servicer shall resign from its obligations and duties hereby imposed on it, except upon determination that performance
of its duties hereunder is no longer permissible under applicable law or are in material conflict by reason of applicable law
with any other activities carried on by it. Any such determination permitting the resignation of the Servicer or the Special Servicer,
as the case may be, shall be evidenced by an Opinion of Counsel delivered to the Trustee, the Depositor, and, so long as no Consultation
Termination Event is continuing, the Directing Holder. No resignation by the Servicer or the Special Servicer, as applicable,
under this Agreement shall become effective until the Trustee or a successor Servicer or Special Servicer, as applicable, shall
have assumed the responsibilities and obligations of the Servicer or the Special Servicer, as applicable, under this Agreement
in accordance with Section 7.2. Notwithstanding the previous sentence, each of the Servicer and the Special Servicer
may assign its duties and obligations under this Agreement under certain limited circumstances as described herein. In connection
with any such resignation, the successor special servicer shall either (i) prior to the occurrence and continuance of a Control
Termination Event, be appointed by the Directing Holder in accordance with Section 7.1; or (ii) during the continuance
of a Control Termination Event, be appointed by the Trustee and otherwise satisfy the requirements for a successor special servicer
set forth in Section 6.4(a).

 

6.5.         Ethical Wall.

 

(a)          The Servicer shall maintain reasonable policies and procedures, taking into account the nature of its business, to ensure that
divisions and individuals of the Servicer making Investment Decisions (such division and individuals, “Servicer Investment
Personnel”) will not obtain Confidential Information from the division and individuals of the Servicer who are involved
in the performance of the duties of the Servicer hereunder (such divisions and individuals, “Servicer Servicing Personnel”)
and the Servicer Servicing Personnel will not obtain information regarding Investments from Servicer Investment Personnel. The
Servicer represents that policies and procedures restricting the flow of information exist, and shall be maintained by the Servicer,
between Servicer Investment Personnel, on the one hand, and Servicer Servicing Personnel, on the other, and that such policies
and procedures restricting the flow of information operate in both directions so as to include (a) policies and procedures
against the disclosure of Confidential Information from Servicer Servicing Personnel to Servicer Investment Personnel 

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and (b) policies
and procedures against the disclosure of information regarding Investments from Servicer Investment Personnel to Servicer Servicing
Personnel. The senior management personnel of the Servicer and/or its Affiliate who have obtained Confidential Information in
the course of their exercise of general managerial responsibilities may not participate in or use that information to influence
Investment Decisions; nor may they pass that information to others for use in such activities; nor may such senior management
personnel who have obtained information regarding Investments in the course of their exercise of general managerial responsibilities
use that information to influence servicing recommendations. Notwithstanding anything herein to the contrary, the delivery or
provision by the Servicer of information or reports as required by this Agreement shall not constitute a violation or default
of this Section 6.5(a).

 

(b)          The Special Servicer shall maintain reasonable policies and procedures, taking into account the nature of its business, to ensure
that divisions and individuals of the Special Servicer making Investment Decisions (such division and individuals, “Special
Servicer Investment Personnel”) will not use Confidential Information received from the division and individuals of
the Special Servicer who are involved in the performance of the duties of the Special Servicer hereunder (such divisions and individuals,
“Special Servicer Servicing Personnel”) in a manner that violates any applicable law including, but not limited
to, any securities laws and the Special Servicer Investment Personnel will not provide information regarding its decisions relating
to Investments in the Certificates to Special Servicer Servicing Personnel. The Special Servicer represents that policies and
procedures restricting the flow of information exist, and shall be maintained by the Special Servicer, between Special Servicer
Investment Personnel, on the one hand, and Special Servicer Servicing Personnel, on the other, and that such policies and procedures
restricting the flow of information operate in both directions so as to include (a) policies and procedures against the disclosure
of Confidential Information from Special Servicer Servicing Personnel to Special Servicer Investment Personnel and (b) policies
and procedures restricting the disclosure of information regarding Special Servicer Investment Personnel decisions relating to
Investments in the Certificates to Special Servicer Servicing Personnel. The senior management personnel of the Special Servicer
and/or its Affiliate who have obtained Confidential Information in the course of their exercise of general managerial responsibilities
may not use that information to influence Investment Decisions with respect to the Certificates; nor may they pass that information
to others for use in such activities, to the extent the use of such Confidential Information violates the securities laws; nor
may such senior management personnel who have obtained information regarding Investments in the course of their exercise of general
managerial responsibilities use that information to influence servicing recommendations. Notwithstanding anything herein to the
contrary, the delivery or provision by the Special Servicer of information or reports as required by this Agreement shall not
constitute a violation or default of this Section 6.5(b).

 

The
Servicer and the Special Servicer shall afford the Depositor, upon reasonable notice, during normal business hours access to all
non-confidential, non-proprietary records, including those in electronic form, documentation, records or any other information
regarding the Mortgage Loan that are in its possession or control hereunder and access to its officers responsible therefor. The
Depositor shall not have any responsibility or liability for any action or failure to act by the Servicer or the Special Servicer
and is not obligated to supervise the performance of the Servicer and the Special Servicer under this Agreement or otherwise.

 

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6.6.         Indemnification by the Servicer, the Special Servicer and the Depositor.

 

(a)          Each of the Servicer, the Special Servicer and the Depositor, as applicable and severally and not jointly, shall indemnify and
hold harmless the Trust from and against any claims, losses, damages, penalties, fines, forfeitures, reasonable legal fees and
expenses and related costs, judgments and other costs and expenses incurred by the Trust that arise out of or are based upon (i) a
breach by the Servicer, the Special Servicer or the Depositor, as applicable, of its representations and warranties, as applicable,
under this Agreement or (ii) negligence, bad faith or willful misconduct on the part of the Servicer, the Special Servicer
or the Depositor in the performance of such obligations or its negligent disregard of its obligations under this Agreement.

 

(b)          Each of the Servicer and the Special Servicer, severally and not jointly, shall indemnify and hold harmless the Companion Loan
Holders from and against any and all claims, losses, damages, penalties, fines, forfeitures, reasonable legal fees and related
costs, judgments, and any other costs, fees and expenses that the Companion Loan Holders may sustain in connection with this Agreement
that arise out of or are based upon the Servicer’s or the Special Servicer’s, as the case may be, willful misconduct,
bad faith or negligence in the performance of its obligations and duties hereunder or by reason of negligent disregard of its
obligations and duties hereunder.

 

7.               SERVICER TERMINATION EVENTS; TERMINATION OF SPECIAL SERVICER WITHOUT CAUSE

 

7.1.         Servicer Termination Events; Special Servicer Termination Events. (a)  “Servicer Termination Event,” or “Special Servicer Termination Event” wherever
used herein with respect to the Servicer or the Special Servicer, as the case may be, means any one of the following events whether
it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court
or any order, rule or regulation of any administrative or governmental body:

 

(i)           any failure by the Servicer or the Special Servicer, as applicable, to remit any payment required to be made or remitted by it
(other than Advances described under clause (ii) below) when required to be remitted under the terms of this Agreement
by 11:00 a.m., New York time, on the Business Day following the day on which such remittance was required to be made;

 

(ii)          any failure of the Servicer to (a) make any Monthly Payment Advance required to be made pursuant to this Agreement on or
prior to the applicable Remittance Date that is not cured by 11:00 a.m., New York time, on the related Distribution Date,
(b) make any Administrative Advance required to be made pursuant to this Agreement on or prior to the applicable Remittance Date
that is not cured by 11:00 a.m., New York time, on the related Distribution Date, or (c) make the Property Protection
Advance required to be made pursuant to this Agreement when the same is due and such failure continues unremedied for ten (10)
Business Days (or such shorter period (not less than one Business Day) as would prevent a lapse in insurance or a delinquent payment
of real estate taxes or ground rents) following the date on which the Servicer receives notice of 

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such lapse or delinquency thereof
or should have received such notice if it had been acting in accordance with Accepted Servicing Practices;

 

(iii)         any failure by the Servicer or the Special Servicer, as applicable, to observe or perform in any material respect any other of
its covenants or agreements or the material breach of its representations or warranties under this Agreement, which failure shall
continue unremedied for a period of thirty (30) days after the date on which written notice of such failure shall have been given
to the Servicer or the Special Servicer, as applicable, by the Trustee or to the Servicer or the Special Servicer, as applicable,
and the Trustee by the Holders of Sequential Pay Certificates and the Class VRRC Certificates having greater than 25% of the aggregate
Voting Rights of all then outstanding Sequential Pay Certificates (and the Class VRRC Certificates) or, with respect to a Companion
Loan affected by such breach, by the related Companion Loan Holder; provided, however, that, with respect to any
such failure that is not curable within such thirty (30) day period, the Servicer or the Special Servicer, as appropriate, will
have an additional cure period of thirty (30) days to effect such cure so long as the Servicer or the Special Servicer, as appropriate,
has commenced to cure such failure within the initial thirty (30) day period and has provided the Trustee with an officer’s
certificate certifying that it has diligently pursued, and is continuing to diligently pursue, such cure;

 

(iv)         a decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary case under
any present or future federal or state bankruptcy, insolvency or similar law for the appointment of a conservator or receiver
or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the
winding-up or liquidation of its affairs, shall have been entered against the Servicer or the Special Servicer, as applicable,
and such decree or order shall have remained in force undischarged or unstayed for a period of sixty (60) days; provided,
however, that, with respect to any such decree or order that cannot be discharged, dismissed or stayed within such sixty
(60) day period, the Servicer or the Special Servicer, as applicable, will have an additional period of thirty (30) days to effect
such discharge, dismissal or stay so long as it has commenced proceedings to have such decree or order dismissed, discharged or
stayed within the initial sixty (60) day period and has diligently pursued, and is continuing to pursue, such discharge, dismissal
or stay;

 

(v)          the Servicer or the Special Servicer, as applicable, shall consent to the appointment of a conservator or receiver or liquidator
or liquidation committee in any insolvency, readjustment of debt, marshaling of assets and liabilities, voluntary liquidation,
or similar proceedings of or relating to the Servicer or the Special Servicer or of or relating to all or substantially all of
its property;

 

(vi)         the Servicer or the Special Servicer, as applicable, shall admit in writing its inability to pay its debts generally as they become
due, file a petition to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit
of its creditors, or voluntarily suspend payment of its obligations;

 

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(vii)        (a) the Servicer or the Special Servicer, as applicable, has failed to maintain a ranking by DBRS Morningstar equal to or higher
than “MOR CS3” as a master servicer or a special servicer, as applicable, and such ranking is not reinstated within
sixty (60) days of such event (if the Servicer or the Special Servicer, as applicable, has or had a DBRS Morningstar ranking on
or after the Closing Date) or (b) if the Servicer or the Special Servicer, as applicable, has not been ranked by DBRS Morningstar
on or after the Closing Date, and DBRS Morningstar has qualified, downgraded or withdrawn the then-current rating or ratings of
one or more Classes of Certificates or placed one or more Classes of Certificates on “watch status” in contemplation
of a rating downgrade or withdrawal, publicly citing servicing concerns with the Servicer or the Special Servicer, as applicable,
as the sole or material factor in such rating action (and such qualification, downgrade, withdrawal or “watch status”
placement has not been withdrawn by DBRS Morningstar within sixty (60) days of such event);

 

(viii)       a Companion Loan Rating Agency has (A) qualified, downgraded or withdrawn its rating or ratings of one or more classes of Companion
Loan Securities, or (B) placed one or more classes of Companion Loan Securities on “watch status” in contemplation
of rating downgrade or withdrawal and, in the case of either of clauses (A) or (B), citing servicing concerns with the Servicer
or the Special Servicer, as applicable as the sole or material factor in such rating action (and such qualification, downgrade,
withdrawal or “watch status” placement has not been withdrawn by such Companion Loan Rating Agency within sixty (60)
days of such event); and

 

(ix)          so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the Servicer or Special
Servicer, as applicable, or any primary servicer, Sub-Servicer or Servicing Function Participant (such entity, the “Sub-Servicing
Entity”) retained by the Servicer or Special Servicer, shall fail to deliver the items required to be delivered to such
Other Securitization Trust as required by this Agreement to enable such Other Securitization Trust to comply with its reporting
obligations under the Exchange Act within 5 Business Days of such failure to comply with the requirements set forth in Article
13, including any applicable grace periods (and any Sub-Servicing Entity that defaults in accordance with this Section
7.1(a)(ix) shall be terminated at the direction of the Depositor).

 

(b)          Upon the occurrence of any Servicer Termination Event or Special Servicer Termination Event, the Trustee shall upon actual knowledge
by a Responsible Officer promptly notify the Certificate Administrator in writing. The Certificate Administrator shall, upon receipt
of such notice (or receipt of a notice from the Servicer or the Special Servicer of the occurrence of a Servicer Termination Event
or Special Servicer Termination Event), (i) post such notice on the Certificate Administrator’s Website pursuant to Section 8.14(b),
(ii) provide such notice to the 17g-5 Information Provider who shall post written notice thereof to the 17g-5 Information
Provider’s Website pursuant to Section 8.14(b), (iii) provide notice to the Companion Loan Holders and
(iv)  provide notice of the same to the Certificateholders by mail, to the addresses set forth on the Certificate Register,
unless the related Servicer Termination Event or Special Servicer Termination Event, as applicable, shall have been cured or waived.
For avoidance of doubt, (i) the occurrence of a Servicer Termination Event with respect to the 

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Servicer shall not cause there
to have occurred a Special Servicer Termination Event with respect to the Special Servicer unless the relevant event also constitutes
a Special Servicer Termination Event and (ii) the occurrence of a Special Servicer Termination Event with respect to the
Special Servicer shall not cause there to have occurred a Servicer Termination Event with respect to the Servicer unless the relevant
event also constitutes a Servicer Termination Event. Notwithstanding anything herein to the contrary, the Depositor shall have
the right, but not the obligation, to notify the Trustee of any Servicer Termination Event or Special Servicer Termination Event
of which the Depositor becomes aware.

 

(c)          If a Servicer Termination Event or Special Servicer Termination Event shall occur then, and in each and every such case, so long
as such Servicer Termination Event or Special Servicer Termination Event shall not have been remedied, either (i) the Trustee
may, or (ii) upon the written direction of Holders of Sequential Pay Certificates and the Class VRRC Certificates having
at least 25% of the Voting Rights (taking into account the application of the Trust Appraisal Reduction Amount to notionally reduce
the Certificate Balances of the Certificates) of the Sequential Pay Certificates and the Class VRRC Certificates or, if affected
thereby, of the applicable Companion Loan Holders (solely with respect to a Special Servicer Termination Event), the Trustee shall
terminate all of the rights and obligations of the Servicer or the Special Servicer, as applicable, under this Agreement, other
than rights and obligations accrued prior to such termination, and in and to the Mortgage Loan and the proceeds thereof by notice
in writing to the Servicer or the Special Servicer, as applicable; provided that, notwithstanding anything to the contrary,
if a Special Servicer Termination Event under clauses (i), (ii), (iii), (viii) and/or (ix)
of Section 7.1(a) only has an adverse effect on a Companion Loan, a Companion Loan Holder or a rating on any Companion
Loan Securities, but has no adverse effect on the Trust Loan, the Certificateholders or a rating on any of the Certificates, then
(A) the Special Servicer shall not be terminated by the Trustee pursuant to clause (i) above of this sentence without the
written direction of the affected Companion Loan Holders or upon the written direction of the Holders of Certificates pursuant
to clause (ii) above of this sentence, and (B) (x) with respect to a Special Servicer Termination Event under clause
(x) of Section 7.1(a), the related Other Depositor shall be able to require termination of the Special Servicer
pursuant to clause (ii) above of this sentence. In addition, (A) if any Servicer Termination Event on the part of the Servicer
affects a Companion Loan, a Companion Loan Holder or a rating on any Companion Loan Securities, and if the Servicer is not otherwise
terminated or (B) if a Servicer Termination Event on the part of the Servicer affects only a Companion Loan, a Companion Loan
Holder or a rating on any Companion Loan Securities, then the Servicer may not be terminated by or at the direction of the related
Companion Loan Holder or the holder of any Companion Loan Securities, but upon the written direction of the related Companion
Loan Holder, the Servicer will be required to appoint a sub-servicer that will be responsible for servicing the Mortgage Loan.
Upon any termination of the Servicer or the Special Servicer, as applicable, and appointment of a successor to the Servicer or
the Special Servicer, as applicable, the Trustee shall notify the Certificate Administrator and the Certificate Administrator
shall post such written notice thereof on the Certificate Administrator’s Website and provide the same to the 17g-5 Information
Provider who shall post written notice thereof to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b),
and thereafter, give written notice to the Depositor, the Companion Loan Holders and the Certificateholders by mail to the addresses
set forth in the Certificate Register. Prior to the occurrence and continuance of a Control 

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Termination Event, the Directing Holder
shall have the right to select the successor special servicer following any Special Servicer Termination Event.

 

(d)          Prior to the occurrence and continuance of a Control Termination Event, the Directing Holder shall have the right to direct the
Trustee to terminate the Special Servicer (subject to such terminated Special Servicer’s rights to indemnification, payment
of outstanding fees and other rights set forth in this Agreement which survive termination) at any time, with or without cause,
and the Directing Holder shall have the right to, and shall, appoint a successor special servicer who shall execute and deliver
to the other parties hereto an agreement, in form and substance reasonably satisfactory to the Trustee, whereby the successor
Special Servicer agrees to assume and perform punctually the duties of the Special Servicer specified in this Agreement; provided
that the Trustee shall have received a Rating Agency Confirmation from each Rating Agency prior to the termination of the
Special Servicer. The Special Servicer shall not be terminated pursuant to this paragraph until a successor special servicer shall
have been appointed. The Directing Holder shall pay any costs and expenses incurred by the Trustee or the Trust in connection
with the removal and appointment of a Special Servicer pursuant to this paragraph (unless such removal is based on any of the
events or circumstances set forth in Section 7.1(a)). Notwithstanding anything to the contrary in this Agreement, no successor
special servicer appointed by the Directing Holder (including, without limitation, the initial Special Servicer) pursuant to Section
6.4, Section 7.1(c) or this Section 7.1(d) or otherwise pursuant to this Agreement shall be required to meet
any independent net worth or similar financial covenant; provided, however, that notwithstanding the foregoing,
any successor special servicer (i) shall satisfy the eligibility requirements applicable to the Special Servicer contained in
this Agreement; (ii) shall not be a Borrower Related Party; and (iii) shall satisfy any Rating Agency conditions set forth
in the Rating Agency Confirmation delivered by such Rating Agency with respect to such successor special servicer and any other
conditions as set forth in this Agreement.

 

Notwithstanding
the foregoing, if a Servicer Termination Event occurs and such Servicer Termination Event only has an adverse effect on the Companion
Loan or the rating of a Companion Loan Security and the Servicer is not otherwise terminated, then the Trustee, at the direction
of the Companion Loan Holder or the Depositor (in the case of clause (x) of the definition “Servicer Termination Event”),
will be required to direct the Servicer to (and the Servicer shall) appoint a sub-servicer that will be responsible for servicing
the Mortgage Loan, or if the Mortgage Loan is currently being sub-serviced, then the Trustee will be required to direct the Servicer
to (and the Servicer shall) replace such sub-servicer with a new sub-servicer (but only if such original sub-servicer is in default
(beyond any applicable cure periods) under the related sub-servicing agreement, and the Servicer is permitted to terminate the
sub-servicing agreement due to such default); provided that the Servicer shall be required to obtain a Rating Agency Confirmation
from each Rating Agency (including a Companion Loan Rating Agency Confirmation) with respect to the appointment of such sub-servicer
(at the expense of the Servicer). If any Special Servicer Termination Event occurs and such Special Servicer Termination Event
only has an adverse effect on the Companion Loan or a Companion Loan Security and the Special Servicer is not otherwise terminated,
then the Trustee, at the direction of the Companion Loan Holder, will be required to terminate the Special Servicer. In addition,
in the event that a Special Servicer Termination Event under clause (x) of the definition thereof 

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occurs and the Special Servicer
is not otherwise terminated, the Trustee will be required to terminate the Special Servicer at the direction of the Depositor.

 

(e)          During the continuation of a Control Termination Event, upon the written direction of Holders of Sequential Pay Certificates evidencing
not less than 25% of the Voting Rights (taking into account the application of any Appraisal Reduction Amounts to notionally reduce
the Certificate Balances of the Sequential Pay Certificates) of the Sequential Pay Certificates requesting a vote to replace the
Special Servicer with a successor Special Servicer designated in such written direction, the Certificate Administrator shall promptly
post such written direction to the Certificate Administrator’s Website pursuant to Section 8.14(b). Upon (i) delivery
by such Holders to the Certificate Administrator of a Rating Agency Confirmation from each Rating Agency with respect to the termination
of the Special Servicer and the appointment of a successor Special Servicer (which confirmation shall be obtained at the expense
of such Holders) and (ii) payment by such Holders to the Certificate Administrator of the reasonable fees and expenses (including
any legal fees and expenses and any Rating Agency fees and expenses) to be incurred by the Certificate Administrator in connection
with administering such vote (which fees and expenses will not be additional Trust Fund Expenses), the Certificate Administrator
shall promptly post written notice of a request for such a vote to the Certificate Administrator’s Website pursuant to Section
8.14(b), provide written notice to all Certificateholders of such request by mail, and shall conduct the solicitation of votes
of all Certificates. Such votes shall be effective only if received by the Certificate Administrator within one hundred eighty
(180) days of the posting of such notice on the Certificate Administrator’s Website. Any votes not received within such
180-day period shall be of no force and effect. If Holders of Sequential Pay Certificates evidencing at least 66-2/3% of a Certificateholder
Quorum vote in favor of replacing the Special Servicer within such 180-day period, the Certificate Administrator shall notify
the Trustee and the Trustee shall terminate all of the rights (subject to such terminated Special Servicer’s rights to indemnification,
payment of outstanding fees, reimbursement of Advances and other rights set forth in this Agreement which survive termination)
and obligations of the Special Servicer under this Agreement and appoint the successor Special Servicer designated by such Certificateholders;
provided that such successor Special Servicer shall (i) satisfy the eligibility requirements applicable to the Special Servicer
contained in this Agreement; and (ii) not also be a Borrower Related Party; provided, further, such successor Special
Servicer certifies in writing that it satisfies all related qualifications set forth in the Co-Lender Agreement; provided,
further, that if such written direction is not provided within one hundred eighty (180) days of the initial request for
a vote to terminate and replace the Special Servicer, then such written direction shall have no force and effect. The provisions
set forth in the foregoing sentences of this paragraph shall be binding upon and inure to the benefit of solely the Certificateholders
and the Trustee as between each other. As between the Special Servicer, on the one hand, and the Certificateholders, on the other,
the Certificateholders shall be entitled in their sole discretion to vote for the termination or not vote for the termination
of the Special Servicer. The Holders of the Certificates that initiated the vote to replace the Special Servicer shall pay the
costs and expenses incurred in connection with the removal and replacement of the Special Servicer pursuant to this paragraph.
The Certificate Administrator shall include on each Distribution Date Statement a statement that each Certificateholder may access
such notices on the Certificate Administrator’s Website and that each Certificateholder may register to receive e-mail notifications
when such notices are posted thereon.

 

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(f)           In no event shall the Trustee or the Certificate Administrator, as applicable be deemed to have knowledge of or be aware of any
Servicer Termination Event or Special Servicer Termination Event until a Responsible Officer of the Trustee or the Certificate
Administrator, as applicable has received written notice thereof or has actual knowledge thereof.

 

(g)          In the event that the Servicer or Special Servicer is terminated pursuant to this Section 7.1, the Trustee shall notify
the outgoing Servicer or Special Servicer, as the case may be, of the effective date of its termination, and the Trustee (the
“Terminating Party”) shall, by notice in writing to the Servicer or Special Servicer, as the case may be (the
“Terminated Party”) (with a copy to the Certificate Administrator and the 17g-5 Information Provider (who shall
post it to its website)), terminate all of its rights and obligations under this Agreement and in and to the Mortgage Loan and
the proceeds thereof, other than any rights the Terminated Party may have hereunder as a Certificateholder, to the Excess Servicing
Fee Right, and to any rights or obligations that accrued prior to the date of such termination (including the right to receive
all amounts accrued or owing to it under this Agreement with respect to periods prior to the date of such termination and the
right to the benefits of Section 6.3 notwithstanding any such termination). On or after the receipt by the Terminated
Party of such written notice, subject to the foregoing, all of its authority and power under this Agreement, whether with respect
to the Certificates (except that the Terminated Party shall retain its rights as a Certificateholder in the event and to the extent
that it is a Certificateholder) or the Mortgage Loan or otherwise, shall pass to and be vested in the Terminating Party pursuant
to and under this Section 7.1 (absent the appointment of a successor, and such successor’s assumption of obligations
hereunder) and, without limitation, the Terminating Party is hereby authorized and empowered to execute and deliver, on behalf
of and at the expense of the Terminated Party, as attorney-in-fact or otherwise, any and all documents and other instruments,
and to do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination,
whether to complete the transfer and endorsement or assignment of Servicer or Special Servicer’s rights and obligations
with respect to the Mortgage Loan and related documents, or otherwise. The Servicer and the Special Servicer, as applicable, each
agrees that, in the event it is terminated pursuant to this Section 7.1, or resigns under Section 6.4(b),
to promptly (and in any event no later than ten (10) Business Days subsequent to such notice) provide, at its own expense, the
Terminating Party (which term shall include for the purposes of the remainder of this Section 7.1(g), the Trustee
(or a successor Servicer or Special Servicer) in connection with a resignation of the Servicer or the Special Servicer under Section 6.4(b))
with all documents and records requested by the Terminating Party to enable the Terminating Party to assume its functions hereunder,
and to cooperate with the Terminating Party and the successor to its responsibilities hereunder in effecting the termination of
its responsibilities and rights hereunder, including, without limitation, the transfer to the successor Servicer or Special Servicer,
as applicable, or the Terminating Party, as applicable, for administration by it of all cash amounts which shall at the time be
or should have been credited by the Terminated Party (which term shall include, for the purposes of the remainder of this Section 7.1(g),
the resigning party in connection with a resignation of the Servicer or the Special Servicer under Section 6.4(b))
to the Collection Account, the Foreclosed Property Account or shall thereafter be received with respect to the Mortgage Loan,
and shall promptly provide the Terminating Party or such successor Servicer or Special Servicer, as applicable (which may include
the Trustee), as applicable, all documents and records reasonably requested by it, such documents and records to be provided in
such form as the Terminating Party or such successor Servicer or the Special Servicer, as 

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applicable, shall reasonably request
(including electronic form), to enable it to assume the function of the Servicer or Special Servicer, as applicable, hereunder.
All reasonable costs and expenses of the Terminating Party or the successor Servicer or Special Servicer, as applicable, incurred
in connection with transferring the Mortgage File to the Terminating Party or to the successor Servicer or Special Servicer, as
applicable, and amending this Agreement to reflect such succession pursuant to this Section 7.1 shall be paid by the
Terminated Party upon presentation of reasonable documentation of such costs and expenses. If the Terminated Party has not reimbursed
the Terminating Party or such successor Servicer or Special Servicer, as applicable, for expenses set forth in this Section 7.1(g) within ninety (90) days after the presentation of reasonable documentation, such expense shall be reimbursed by the Trust
pursuant to Section 3.4(c); provided that the Terminated Party shall not thereby be relieved of its liability
for such expenses. Notwithstanding the foregoing, in the event that the Special Servicer is terminated without cause pursuant
to this Section 7.1, all costs and expenses incurred or payable by the terminated Special Servicer under this Section 7.1
shall be paid by the Trust Fund, except that such costs shall be paid by the Directing Holder, if the Special Servicer is
terminated under Section 7.1(d) and shall be paid by the Certificateholders who initiated the vote to replace the Special
Servicer pursuant to Section 7.1(e) if the Special Servicer is terminated under Section 7.1(e), as applicable.

 

7.2.         Trustee to Act; Appointment of Successor.

 

(a)          On and after the time the Servicer or Special Servicer, as the case may be, receives a notice of termination pursuant to Section 7.1,
or resigns pursuant to Section 6.4(b), the Terminating Party (which term shall include, for the purposes of the remainder
of this Section 7.2, the Trustee (or a successor Servicer or Special Servicer including a successor appointed under
Section 6.4(a)) in connection with a resignation of the Servicer or the Special Servicer under Section 6.4(b))
shall, unless prohibited by law, be the successor to the Terminated Party (which term shall include, for the purposes of the remainder
of this Section 7.2, the resigning party in connection with a resignation of the Servicer of the Special Servicer
under Section 6.4(b)) in all respects under this Agreement and the transactions set forth or provided for herein and,
except as provided herein, shall be subject to all the responsibilities, duties, limitations on liability and liabilities relating
thereto and arising thereafter placed on the Terminated Party by the terms and provisions hereof; provided, however,
that (i) neither the Trustee nor the Terminating Party (or any successor Servicer or Special Servicer, as the case may be)
shall have responsibilities, duties, liabilities or obligations with respect to any act or omission of the Terminated Party and
(ii) any failure to perform, or delay in performing, such duties or responsibilities caused by the Terminated Party’s
failure to provide, or delay in providing, records, tapes, disks, information or monies or failure to cooperate as required by
this Agreement shall not be considered a default by the Terminating Party or such successor hereunder. The Trustee, as successor
Servicer, and any other successor Servicer or Special Servicer, as the case may be, shall be indemnified to the full extent provided
to the Trustee under this Agreement. The appointment of a successor Servicer or Special Servicer, as the case may be, shall not
affect any liability of the Terminated Party that may have arisen prior to its termination as such. The Terminating Party shall
not be liable for any of the representations and warranties of the Terminated Party herein or in any related document or agreement,
for any acts or omissions of the Terminated Party or for any losses incurred in respect of any Permitted Investment by the Terminated
Party nor shall the Terminating Party or any successor Servicer or Special Servicer 

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be required to purchase the Mortgage Loan
hereunder. As compensation therefor, the Terminating Party as successor Servicer or Special Servicer, as the case may be, shall
be entitled to all compensation with respect to the Mortgage Loan to which the Terminated Party would have been entitled that
accrues after the date of the Terminating Party’s succession to which the Terminated Party would have been entitled if it
had continued to act hereunder and, in the case of a successor Special Servicer, the Special Servicing Fee. Notwithstanding the
above, the Trustee may, if it shall be unwilling to so act, or shall, if it is unable to so act, if the Holders of Sequential
Pay Certificates and the Class VRRC Certificates having greater than 25% of the aggregate Voting Rights (taking into account the
application of the Trust Appraisal Reduction Amount to notionally reduce the Certificate Balances of the Certificates) of all
then outstanding Sequential Pay Certificates and Class VRRC Certificates so request in writing to the Trustee, or the Trustee
is not approved by the Rating Agencies as a Servicer or Special Servicer, as the case may be, as evidenced by a Rating Agency
Confirmation, or if the Rating Agencies do not provide a Rating Agency Confirmation with respect to the succession of the Trustee
as Servicer or Special Servicer, as the case may be, promptly appoint, or petition a court of competent jurisdiction to appoint,
any established Mortgage Loan servicing institution reasonably satisfactory to the Trustee the appointment for which a Rating
Agency Confirmation is obtained, as the successor to the Servicer or Special Servicer, as applicable, hereunder in the assumption
of all or any part of the responsibilities, duties or liabilities of the Servicer or Special Servicer, as applicable, hereunder.
No appointment of a successor to a Terminated Party hereunder shall be effective until the assumption by such successor of all
the Terminated Party’s responsibilities, duties and liabilities hereunder. Pending appointment of a successor to a Terminated
Party hereunder, unless the Trustee shall be prohibited by law from so acting, the Trustee shall act in the applicable capacity
as herein above provided. Any appointment or succession by the Trustee to the rights and obligations of the Special Servicer hereunder
shall be subject to the Directing Holder’s right to replace the Special Servicer prior to the occurrence and continuance
of a Control Termination Event. In connection with such appointment and assumption described herein, the Trustee may make such
arrangements for the compensation of such successor out of payments on the Mortgage Loan as it and such successor shall agree;
provided, however, that no such compensation shall be in excess of that permitted the Terminated Party hereunder,
except that if no successor to the Terminated Party can be obtained to perform the obligations of such Terminated Party hereunder,
additional amounts shall be paid to such successor and such amounts in excess of that permitted the Terminated Party shall be
paid pursuant to Section 3.4(c). The Depositor, the Trustee, the Servicer (as applicable), the Special Servicer (as
applicable) and such successor shall take such action, consistent with this Agreement, as shall be necessary to effectuate any
such succession.

 

(b)          Notwithstanding Section 7.1(c) of this Agreement, if a Servicer receives a notice of termination solely due to a Servicer
Termination Event under Section 7.1(a)(vii) and the terminated Servicer provides the Trustee with the appropriate
“request for proposal” materials within five (5) Business Days after such termination, then such Servicer shall continue
to serve as Servicer, if requested to do so by the Trustee, and the Trustee shall promptly thereafter (using such “request
for proposal” materials provided by the terminated Servicer) solicit good faith bids for the rights to master service the
Mortgage Loan from at least three (3) Persons qualified to act as successor Servicer hereunder in accordance with Section 6.4
and Section 7.2 for which the Trustee has received Rating Agency Confirmation (any such Person so qualified, a
“Qualified Bidder”) or, if three (3) Qualified Bidders cannot be located, then from as 

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many Persons as the
Trustee can determine are Qualified Bidders; provided, however, that (i) at the Trustee’s request, the terminated
Servicer shall supply the Trustee with the names of Persons from whom to solicit such bids; and (ii) the Trustee shall not be
responsible if less than three (3) or no Qualified Bidders submit bids for the right to master service the Mortgage Loan under
this Agreement. The bid proposal shall require any Successful Bidder (as defined below), as a condition of such bid, to enter
into this Agreement as successor Servicer with respect to the Mortgage Loan, and to agree to be bound by the terms hereof, within
forty-five (45) days after the receipt by the terminated Servicer of a notice of termination. The Trustee shall solicit bids (i)
on the basis of such successor Servicer entering into a Sub-Servicing Agreement with the terminated Servicer to service the Mortgage
Loan at a sub-servicing fee rate per annum equal to the excess of the Servicing Fee Rate minus the Retained Fee Rate (each,
a “Servicing Retained Bid”) and (ii) on the basis of having no obligation to enter into a Sub-Servicing Agreement
with the terminated Servicer (each, a “Servicing Released Bid”). The Trustee shall select the Qualified Bidder
with the highest cash Servicing Retained Bid (or, if none, the highest cash Servicing Released Bid) (the “Successful
Bidder”) to act as successor Servicer hereunder. The Trustee shall direct the Successful Bidder to enter into this Agreement
as successor Servicer pursuant to the terms hereof (and, if the successful bid was a Servicing Retained Bid, to enter into a Sub-Servicing
Agreement with the terminated Servicer as contemplated above), no later than forty-five (45) days after the termination of the
terminated Servicer. Upon the assignment and acceptance of the servicing rights hereunder to and by the Successful Bidder, the
Certificate Administrator shall remit or cause to be remitted to the terminated Servicer the amount of such cash bid received
from the Successful Bidder (net of “out of pocket” expenses incurred in connection with obtaining such bid and transferring
servicing).

 

If
the Trustee or an Affiliate acts pursuant to this Section 7.2 as successor to the resigning or terminated Servicer,
it may reduce such terminated Servicer’s Excess Servicing Fee to the extent that its or such Affiliate’s compensation
as successor Servicer would otherwise be below market rate servicing compensation. If the Trustee elects to appoint a successor
to the resigning or terminated Servicer other than itself or an Affiliate pursuant to this Section 7.2, it may reduce
such Servicer’s Excess Servicing Fee to the extent reasonably necessary (in the sole discretion of the Trustee) for the
Trustee to appoint a qualified successor Servicer that meets the requirements of this Section 7.2.

 

7.3.         [Reserved].

 

7.4.         Other Remedies of Trustee. During the continuance of any Servicer Termination Event or Special Servicer Termination Event,
as the case may be, or so long as such Servicer Termination Event or Special Servicer Termination Event shall not have been remedied,
the Trustee, in addition to the rights specified in Section 7.1, shall have the right, in its own name as trustee
of an express trust, to take all actions now or hereafter existing at law, in equity or by statute to enforce its rights and remedies
and to protect the interests, and enforce the rights and remedies, of the Certificateholders and the Companion Loan Holders (including
the institution and prosecution of all judicial, administrative and other proceedings and the filing of proofs of claim and debt
in connection therewith). In such event, the legal fees, expenses and costs of such action and any liability resulting therefrom
shall be expenses, costs and liabilities of the Trust, and the Trustee shall be entitled to be reimbursed therefor pursuant to
Section 3.4(c) from the Collection Account. Except as otherwise expressly provided in this Agreement, no remedy 

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provided
for by this Agreement shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to
any other remedy and no delay or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed
to be a waiver of any Servicer Termination Event or Special Servicer Termination Event.

 

7.5.         Waiver of Past Servicer Termination Events and Special Servicer Termination Events. The Holders of Sequential Pay Certificates
evidencing not less than 66-2/3% of the aggregate Voting Rights of all then outstanding Sequential Pay Certificates may, on behalf
of all Certificateholders and upon adequate indemnification of the Trustee by the requesting Holders of Certificates, waive any
Servicer Termination Event by the Servicer or Special Servicer Termination Event by the Special Servicer, except a failure to
make any required deposits (including Monthly Payment Advances) to or payments from the Collection Account, the Distribution Account
or the Foreclosed Property Account or in remitting payments as received, in each case in accordance with this Agreement. Upon
any such waiver of a past Servicer Termination Event or Special Servicer Termination Event, as applicable, such Servicer Termination
Event or Special Servicer Termination Event, as applicable, shall cease to exist, and such Servicer Termination Event or Special
Servicer Termination Event, as applicable, shall be deemed to have been remedied for every purpose of this Agreement. No such
waiver shall extend to any subsequent or other default or impair any right related thereto.

 

7.6.         Trustee as Maker of Advances. In the event that the Servicer fails to fulfill its obligations hereunder to make any Advances,
the Servicer shall notify the Trustee of its failure to make such Advances as promptly as possible, but in the case of any Monthly
Payment Advances no later than 3:00 p.m. (New York time) on the related Remittance Date, and the Certificate Administrator shall
notify the Trustee of the Servicer’s failure to make any Advances as promptly as possible, but in the case of any Monthly
Payment Advances no later than 6:00 p.m. (New York time) on the related Remittance Date. The Trustee shall, subject to its own
determination of recoverability (made in the same manner as required of the Servicer pursuant to the terms of this Agreement),
perform such obligations (w) within five (5) Business Days (or such shorter period (but not less than one (1) Business Day)
as may be required, if applicable, to avoid any lapse in insurance coverage required under the Mortgage Loan Documents or this
Agreement with respect to the Property or to avoid any foreclosure or similar action with respect to the Property by reason of
failure to pay real estate taxes, assessments, ground rents or governmental charges) of a Responsible Officer of the Trustee obtaining
knowledge of such failure by the Servicer or the Special Servicer with respect to Property Protection Advances and Administrative
Advances and (x) by 12:00 noon New York time on the related Distribution Date with respect to Monthly Payment Advances provided that the Trustee has received notice from the Servicer or the Certificate Administrator by 6:00 p.m. (New York time) on the
Remittance Date of the failure of the Servicer to make a required Monthly Payment Advance. With respect to any such Advance made
by the Trustee, the Trustee shall succeed to all of the Servicer’s rights with respect to Advances hereunder, including,
without limitation, the rights of reimbursement and interest on each Advance at the Advance Rate, and rights to determine that
a proposed Advance is a Nonrecoverable Advance (without regard to any impairment of any such rights of reimbursement caused by
such Servicer’s default in its obligations hereunder and further subject to the Trustee’s standard of good faith judgment);
provided, however, that if Advances made by the Trustee and/or the Servicer shall at any time be outstanding, or
any interest on any Advance shall be accrued and unpaid, all amounts available to repay such Advances and the interest 

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thereon
hereunder shall be applied entirely to the Advances outstanding to the Trustee until such Advances shall have been repaid in full,
together with all interest accrued thereon, prior to reimbursement of the Servicer for such Advances and interest accrued thereon.
The Trustee shall be entitled to conclusively rely on any notice given by the Servicer with respect to a Nonrecoverable Advance
hereunder. The Trustee shall notify the master servicer and trustee with respect to each Other Securitization Trust of the amount
of any Monthly Payment Advance made by it pursuant to this Section 7.6 within two (2) Business Days of making such
advance.

 

8.               THE TRUSTEE AND THE Certificate Administrator

 

8.1.         Duties of the Trustee and the Certificate Administrator. (a)  Each of the Trustee and the Certificate Administrator,
prior to the occurrence of a Servicer Termination Event or Special Servicer Termination Event, as the case may be, and after the
curing or waiver of any Servicer Termination Event or Special Servicer Termination Event that may have occurred, undertakes with
respect to the Trust Fund to perform such duties and only such duties as are specifically set forth in this Agreement. Neither
the Depositor nor the Servicer nor the Special Servicer shall be obligated to monitor or supervise the performance by the Trustee
or the Certificate Administrator of its duties hereunder. In case a Servicer Termination Event or Special Servicer Termination
Event has occurred (which has not been cured or waived), the Trustee, subject to the provisions of Sections 7.2 and 7.4,
shall exercise such of the rights and powers vested in it by this Agreement, and shall use the same degree of care and skill in
their exercise, as a prudent institution would exercise or use under the circumstances in the conduct of such institution’s
own affairs. Any permissive right of the Trustee or the Certificate Administrator set forth in this Agreement shall not be construed
as a duty. The Trustee (or the Servicer or the Special Servicer on its behalf) and the Certificate Administrator (or the Servicer
or the Special Servicer on its behalf), as applicable, shall have the power to exercise all the rights of a holder of the Mortgage
Loan on behalf of the Certificateholders, the VRR Interest Owner and the Companion Loan Holders (or, if a Companion Loan Holder
is an Other Securitization Trust, the related Other Depositor and any other party to any Other Pooling and Servicing Agreement),
subject to the terms of the Mortgage Loan Documents, the Co-Lender Agreement; provided, however, that the Lender’s
obligations under the Mortgage Loan Documents shall be exercised by the Servicer or Special Servicer, as the case may be, pursuant
to this Agreement.

 

(b)          Subject to Sections 8.2(a) and 8.3, each of the Trustee and the Certificate Administrator, upon receipt of
all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Trustee
or the Certificate Administrator that are specifically required to be furnished pursuant to any provision of this Agreement, shall
examine, or cause to be examined, such instruments to determine whether they conform to the requirements of this Agreement to
the extent specifically set forth herein. If any such instrument is found on its face not to conform to the requirements of this
Agreement in a material manner, the Trustee and the Certificate Administrator shall take such action as it deems appropriate to
have the instrument corrected, and if the instrument is not corrected to the Trustee’s or the Certificate Administrator’s
reasonable satisfaction, the Trustee or the Certificate Administrator, shall provide notice thereof to the Certificateholders.
Neither the Trustee nor the Certificate Administrator shall be responsible for the accuracy or content of any resolution, certificate,
statement, opinion, report, document, order or other instrument furnished by the Depositor, the

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 Servicer, or the Special Servicer
and accepted by the Trustee or the Certificate Administrator, as the case may be, in good faith, pursuant to this Agreement.

 

(c)          Subject to Section 8.3, no provision of this Agreement shall be construed to relieve the Trustee or the Certificate
Administrator, as applicable, from liability for its own negligent action, its own negligent failure to act or its own willful
misconduct, its negligent failure to perform its obligations in compliance with this Agreement, or any liability which would be
imposed by reason of its negligence, willful misconduct or bad faith; provided, however, that:

 

(i)           No implied covenants or obligations shall be read into this Agreement against the Trustee or the Certificate Administrator and
each of the Trustee and the Certificate Administrator may conclusively rely, as to the truth of the statements and the correctness
of the opinions expressed therein, upon any certificates, resolutions, certificates, statements, opinions, reports, documents,
orders, opinions or other instruments furnished to the Trustee and/or the Certificate Administrator and conforming to the requirements
of this Agreement, which it reasonably believes in good faith to be genuine and to have been duly executed by the proper authorities
respecting any matters arising hereunder;

 

(ii)          neither the Trustee nor the Certificate Administrator shall be liable for an error of judgment made in good faith by a Responsible
Officer of the Trustee or the Certificate Administrator, as applicable, unless it shall be proved that the Trustee, the Certificate
Administrator or such Responsible Officer was negligent in ascertaining the pertinent facts;

 

(iii)         neither the Trustee nor the Certificate Administrator shall be liable with respect to any action taken, suffered or omitted to
be taken by it in good faith in accordance with this Agreement or at the direction of Holders of Certificates evidencing, in the
aggregate, not less than 25% of the Voting Rights of the Certificates, relating to the time, method and place of conducting any
proceeding for any remedy available to the Trustee or the Certificate Administrator, or exercising any trust or power conferred
upon the Trustee or the Certificate Administrator, under this Agreement;

 

(iv)         neither the Trustee nor the Certificate Administrator shall be charged with knowledge of a Mortgage Loan Event of Default or any
failure by the Servicer or the Special Servicer to comply with any of their respective obligations referred to in Section 7.1 or any other act or circumstance upon the occurrence of which the Trustee or the Certificate Administrator, as applicable,
may be required to take action unless a Responsible Officer of the Trustee or the Certificate Administrator, as applicable, obtains
actual knowledge of such failure, act or circumstance or the Trustee or the Certificate Administrator, as applicable, receives
written notice of such failure from the Servicer, the Special Servicer, the Depositor or Holders of the Certificates evidencing,
in the aggregate, not less than 25% of the Voting Rights of the Regular Certificates;

 

(v)          subject to the other provisions of this Agreement and without limiting the generality of Sections 8.1 and 8.2,
the Trustee shall have no duty except in the capacity 

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as a successor Servicer or successor Special Servicer (A) to record,
file or deposit this Agreement or any agreement referred to herein or any financing statement or continuation statement evidencing
a security interest, or to maintain of any such recording or filing or depositing or any re-recording, refiling or redepositing
thereof, (B) to maintain any insurance, and (C) to confirm or verify the contents of any reports or certificates of
the Servicer or the Special Servicer delivered to the Trustee or the Certificate Administrator pursuant to this Agreement reasonably
believed by the Trustee or the Certificate Administrator to be genuine and to have been signed or presented by the proper party
or parties; and

 

(vi)         neither the Trustee nor the Certificate Administrator shall be under any obligation to appear in, prosecute or defend any legal
action which is not incidental to its respective duties under this Agreement and which in its opinion may involve it in any expense
or liability and for which it would not be indemnified for pursuant to this Agreement.

 

(d)          None of the provisions contained in this Agreement shall in any event require the Trustee or the Certificate Administrator to
(i) expend or risk its own funds or otherwise incur personal financial liability in the performance of any of its duties
hereunder or in the exercise of any of its rights or powers hereunder if there are reasonable grounds for believing that repayment
of such funds or adequate indemnity against such risk or liability is not reasonably assured to it, or (ii) perform, or be
responsible for the manner of performance of, any of the obligations of the Servicer or the Special Servicer under this Agreement,
except, with respect to the Trustee, during such time, if any, as the Trustee shall be the successor to, and be vested with the
rights, duties, powers and privileges of, the Servicer or the Special Servicer in accordance with the terms of this Agreement.
Notwithstanding anything contained herein, neither the Trustee nor the Certificate Administrator shall be responsible and shall
have liability in connection with the duties assumed by the Authenticating Agent, and the Certificate Registrar hereunder, unless
the Trustee or the Certificate Administrator is acting in any such capacity hereunder; provided further that in any such
capacity the Trustee and the Certificate Administrator shall have all of the rights, protections and indemnities provided to it
as Trustee and Certificate Administrator hereunder, as applicable.

 

8.2.         Certain Matters Affecting the Trustee and the Certificate Administrator. (a)  Except as otherwise provided in
Section 8.1, Section 8.5(c) and Section 8.13:

 

(i)           each of the Trustee and the Certificate Administrator may request and rely upon and shall be protected in acting or refraining
from acting upon any resolution, direction of the Depositor, Officer’s Certificate, auditor’s certificate or any other
certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond or other paper or document
believed by it to be genuine and to have been signed or presented by the proper party or parties;

 

(ii)          each of the Trustee and the Certificate Administrator 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;

 

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(iii)         neither the Trustee nor the Certificate Administrator shall be under any obligation to exercise any of the trusts or powers vested
in it by this Agreement or to institute, conduct or defend any litigation hereunder or in relation hereto at the request, order
or direction of any of the Certificateholders or the VRR Interest Owner, pursuant to the provisions of this Agreement, unless
such Certificateholders or the VRR Interest Owner shall have offered to the Trustee or the Certificate Administrator security
or indemnity reasonably satisfactory to it against the costs, expenses and liabilities, including reasonable legal fees, which
may be incurred therein or thereby; provided, however, that nothing contained herein shall relieve the Trustee or
the Certificate Administrator of the obligation, upon the occurrence of a Servicer Termination Event or Special Servicer Termination
Event, as the case may be, that a Responsible Officer of the Trustee or the Certificate Administrator, as the case may be, has
actual knowledge of (which has not been cured or waived), to exercise such of the rights and powers vested in it by this Agreement,
and to use the same degree of care and skill in their exercise as a prudent Person would exercise or use under the circumstances
in the conduct of such Person’s own affairs;

 

(iv)         neither the Trustee nor the Certificate Administrator shall be liable for any action reasonably taken, suffered or omitted by
it in good faith and reasonably believed by it to be authorized or within the discretion or rights or powers conferred upon it
by this Agreement;

 

(v)          prior to the occurrence of a Servicer Termination Event or Special Servicer Termination Event hereunder and after the curing or
waiver of such Servicer Termination Event or Special Servicer Termination Event that may have occurred, neither the Trustee nor
the Certificate Administrator shall be bound to ascertain or inquire as to the performance or observance of any of the terms,
conditions, covenants or agreements herein (except as specifically required by this Agreement) or to make any investigation into
the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent,
order, approval, bond or other paper or document, unless requested in writing so to do by Holders of Certificates or VRR Interest
Owner evidencing, in the aggregate, not less than 25% of the Voting Rights of the outstanding Certificates and VRR Interest; provided,
however, that if the payment within a reasonable time to the Trustee or the Certificate Administrator of the costs, expenses
or liabilities likely to be incurred by either party in the making of such investigation is, in the opinion of the Trustee or
the Certificate Administrator, not reasonably assured to the Trustee or the Certificate Administrator by the security afforded
to it by the terms of this Agreement, the Trustee or the Certificate Administrator, as applicable, may require indemnity reasonably
satisfactory to it against such costs, expenses or liabilities as a condition to taking any such action. The reasonable expense
of every such investigation shall be paid by the Trust pursuant to Section 3.4(c) in the event that such investigation
relates to a Servicer Termination Event or Special Servicer Termination Event, if such an event shall have occurred and is continuing,
and otherwise by the Certificateholders requesting the investigation;

 

(vi)         each of the Trustee and the Certificate Administrator may execute any of the trusts or powers hereunder or perform any duties
hereunder either directly or by or 

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through agents, affiliates or attorneys selected by it with due care, but the Certificate Administrator
and the Trustee shall not be relieved of any of its duties or obligations by virtue of the appointment of any agents, affiliates
or attorneys;

 

(vii)        the Certificate Administrator shall not be liable for any loss on any investment of funds made by it pursuant to the terms of
this Agreement, provided, however, this clause (vii) shall not relieve the Trustee or the Certificate Administrator
(solely in their respective commercial capacities and not in their respective capacities hereunder) of any liabilities with respect
to investments issued by such entity, as applicable, in their respective commercial capacities;

 

(viii)       neither the Trustee nor the Certificate Administrator hereunder shall be personally liable hereunder solely by reason of any act
or failure to act of any predecessor or successor Trustee or Certificate Administrator hereunder;

 

(ix)         
neither the Trustee nor the Certificate Administrator shall be required to post any kind of bond or surety in connection
with the execution and performance of its duties hereunder;

 

(x)           in no event shall the Trustee or the Certificate Administrator be liable for any failure or delay in the performance of its obligations
hereunder due to force majeure or acts of God;

 

(xi)      
  other than in the case of actual fraud (as determined by a non-appealable final court order), neither the Trustee nor
the Certificate Administrator shall be liable for special, punitive, indirect or consequential loss or damage of any kind
whatsoever (including but not limited to lost profits), even if the Trustee or the Certificate Administrator has been advised
of the likelihood of such loss or damage and regardless of the form of action;

 

(xii)  
      nothing herein shall be construed as an obligation of the parties to this Agreement to advise the
Certificateholders with respect to their rights and protections relative to the Trust; and

 

(xiii)  
     nothing herein shall require the Trustee or the Certificate Administrator to act in any manner that is
contrary to applicable law.

 

Except
as otherwise specifically provided herein, each of the Trustee and the Certificate Administrator shall be entitled to all of the
same rights, protections, immunities and indemnities afforded to it as Trustee and Certificate Administrator, as the case may
be, in each capacity for which it serves hereunder (including, without limitation, as Custodian, Certificate Registrar, 17g-5
Information Provider, paying agent and Authenticating Agent).

 

Except
as otherwise expressly set forth in this Agreement, knowledge or information acquired by Computershare Trust Company, N.A., in
any particular capacity hereunder, shall not be imputed to Computershare Trust Company, N.A. in any of its other capacities hereunder
or to Computershare Trust Company, N.A., acting in a capacity that is unrelated to the transactions contemplated by this Agreement.

 

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(b)          Following the Closing Date, neither the Trustee nor the Certificate Administrator shall accept any contribution of assets to the
Trust Fund not specifically contemplated by this Agreement.

 

(c)          All rights or actions under this Agreement or under any of the Certificates or the VRR Interest, enforceable by the Trustee or
the Certificate Administrator may be enforced by such party without the possession of any of the Certificates, or the production
thereof at the trial or other proceeding relating thereto, and any such suit, action or proceeding instituted by the Trustee or
the Certificate Administrator, as applicable, shall be brought in its name for the benefit of all the Holders of such Certificates
or the VRR Interest Owner, subject to the provisions of this Agreement.

 

(d)          In order to comply with laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions,
including those relating to the funding of terrorist activities and money laundering (“Applicable Banking Law”),
the Certificate Administrator and the Trustee, as the case may be, are required to obtain, verify and record certain information
relating to individuals and entities that maintain a business relationship with the Certificate Administrator or the Trustee.
Accordingly, each of the parties hereto agrees to provide to the Certificate Administrator and the Trustee, upon its respective
request from time to time, such identifying information and documentation as may be available for such party in order to enable
the Certificate Administrator and the Trustee to comply with Applicable Banking Law.

 

8.3.         Neither the Trustee nor the Certificate Administrator is Liable for Certificates, the VRR Interest or the Mortgage Loan.
The recitals contained herein and in the Certificates (other than the signature and authentication of the Certificate Administrator
on the Certificates) shall not be taken as the statements of the Trustee or the Certificate Administrator and the Trustee and
the Certificate Administrator assume no responsibility for their correctness. The Trustee and the Certificate Administrator make
no representation as to the validity or sufficiency of this Agreement (other than its execution of this Agreement), the Certificates,
the VRR Interest, the Trust Loan, the Companion Loans or of the Mortgage Loan or related documents except as expressly set forth
herein. The Trustee and the Certificate Administrator shall not be liable for any action or failure of any action by the Depositor,
the Servicer or the Special Servicer hereunder or any action or failure to act of the Trust Loan Seller under the Trust Loan Purchase
Agreement, including, without limitation, in connection with (i) any failure of the Trust Loan Seller to properly prepare each
Assignment of Mortgage, assignment of the Collateral Security Document and UCC-3 financing statements pursuant to the Trust Loan
Purchase Agreement or (ii) the any failure of the Special Servicer or any sub-servicer, agent of or counsel to the Special Servicer
to conduct a foreclosure in accordance with the terms of this Agreement and applicable law, and neither the Trustee nor the Certificate
Administrator shall be required to take any action in connection with any of the foregoing matters referred to in clauses (i)
and (ii) above (except to the extent otherwise expressly required pursuant to this Agreement). The Trustee and the Certificate
Administrator shall not at any time have any responsibility or liability for or with respect to the legality, ownership, title,
validity or enforceability of the Mortgage or the Mortgage Loan, or the perfection and priority of the Mortgage or the maintenance
of any such perfection, sufficiency and priority, or for or with respect to the efficacy of the Trust Fund or its ability to generate
the payments to be distributed to Certificateholders and the VRR Interest Owner under this Agreement, including, without limitation,
the existence, condition and 

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ownership of the Property; the existence and enforceability of any hazard insurance thereon; the
validity of the assignment of the Trust Loan to the Trust; the performance or enforcement of the Trust Loan (other than with respect
to the Servicer or Special Servicer, if the Trustee shall assume the duties of the Servicer and/or Special Servicer, respectively,
pursuant to Section 7.2 and then only to the extent of the obligations of the Servicer or Special Servicer, as applicable,
hereunder); the compliance by the Depositor, the Borrower, the Servicer and the Special Servicer with any warranty or representation
made under this Agreement or in any related document or the accuracy of any such warranty or representation made under this Agreement
or in any related document prior to the Trustee’s receipt of notice or other discovery of any noncompliance therewith or
any breach thereof; any investment of monies by or at the direction of the Servicer or the Special Servicer or any loss resulting
therefrom (other than investments made with the Trustee or the Certificate Administrator in its commercial capacity); the failure
of the Servicer, the Special Servicer or any sub-servicer to act or perform any duties required of it hereunder; or any action
by the Trustee or the Certificate Administrator taken at the direction of the Servicer or the Special Servicer (other than with
respect to the Trustee, if the Trustee shall assume the duties of the Servicer or the Special Servicer); provided, however,
that the foregoing shall not relieve the Trustee or the Certificate Administrator, as applicable, of its obligation to perform
its duties under this Agreement. Except with respect to a claim based on either the Trustee’s or the Certificate Administrator’s
negligent action, negligent failure to act or willful misconduct (or such other standard of care as may be provided herein with
respect to any particular matter), no recourse shall be had for any claim based on any provisions of this Agreement, the Certificates,
the VRR Interest, the Mortgage, the Property or the Trust Loan or assignment thereof against the Trustee or the Certificate Administrator,
as applicable, in its respective individual capacity, and neither the Trustee nor the Certificate Administrator shall have any
personal obligation, liability or duty whatsoever to any Certificateholder, the VRR Interest Owner or any other Person with respect
to any such claim, and any such claim shall be asserted solely against the Trust Fund or any indemnitor who shall furnish indemnity
as provided in this Agreement. Neither the Trustee nor the Certificate Administrator shall have any responsibility for filing
any financing or continuation statements in any public office at any time or to otherwise perfect or maintain the perfection of
any security interest or lien granted to it hereunder or to record this Agreement (unless, with respect to the Trustee, the Trustee
shall have become the successor Servicer or Special Servicer). Subject to Section 6.6, neither the Trustee nor the Certificate
Administrator shall be accountable for the use or application by the Depositor of any of the Certificates or VRR Interest or of
the proceeds of such Certificates or VRR Interest or for the use or application of any funds paid to the Servicer or the Special
Servicer, as applicable, in respect of the Mortgage Loan deposited into or withdrawn from the Collection Account or any account
maintained by or on behalf of the Servicer or the Special Servicer (except to the extent that any such account is held by the
Trustee or the Certificate Administrator in its commercial capacity), or for investment of such amounts (other than, and to the
extent of, investments made with the Trustee or the Certificate Administrator in its commercial capacity).

 

The
Trustee and the Certificate Administrator, by reason of the action or inaction of a responsible officer or officers of the Trustee
or the Certificate Administrator, as applicable, or any of their respective directors, officers, members, managers, partners,
employees, Affiliates or agents shall have no liability to the Trust, the Certificateholders, the VRR Interest Owner or the Companion
Loan Holders for any action taken or for refraining from the taking of any action in good faith pursuant to this Agreement, or
for errors in judgment; provided, however, that this 

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provision shall not protect the Trustee, the Certificate Administrator
(including in its capacity as Certificate Registrar, Authenticating Agent, Custodian, paying agent or 17g-5 Information Provider)
or any such Person against any liability which would otherwise be imposed by reason of willful misconduct, bad faith or negligence
of the Trustee, the Certificate Administrator (including in its capacity as Certificate Registrar, Authenticating Agent, Custodian,
paying agent or 17g-5 Information Provider) or any such Person, as applicable or by reason of negligent disregard of the Trustee,
the Certificate Administrator or any such Person, as applicable, of its obligations and duties hereunder. The Trustee, the Certificate
Administrator in each of its capacities under this Agreement and any of their respective directors, officers, members, managers,
partners, employees, agents, Affiliates or Controlling Persons shall be indemnified by the Trust pursuant to Section 3.4(c) out of amounts on deposit in the Collection Account, and held harmless against any loss, liability, claim, demand or expense
(including reasonable legal fees and expenses) incurred in connection with any legal action or other claims, losses, penalties,
fines, foreclosures, judgments or liabilities relating to or related to the Trustee’s or the Certificate Administrator’s
performance of their respective powers and duties under this Agreement (including, without limitation, performance under Section 8.1 hereof); provided, however, that this provision shall not protect the Trustee, the Certificate Administrator
or any such Person against any liability which would otherwise be imposed by reason of willful misconduct, bad faith or negligence
of the Trustee, the Certificate Administrator (including in its capacity as Certificate Registrar, Authenticating Agent, Custodian,
paying agent or 17g-5 Information Provider) or any such Person or by reason of negligent disregard of the Trustee, the Certificate
Administrator (including in its capacity as Certificate Registrar, Authenticating Agent, Custodian, paying agent or 17g-5 Information
Provider) or any such Person, as applicable, of its obligations and duties hereunder. The indemnification provided hereunder shall
survive the resignation or removal of the Trustee or the Certificate Administrator and the termination of this Agreement. Notwithstanding
anything herein to the contrary, the Trustee shall be responsible for its acts or failure to act as the Servicer and/or the Special
Servicer (in accordance with Accepted Servicing Practices) during the time and to the extent the Trustee is serving as Servicer
or Special Servicer, as applicable, to the same extent that the Servicer or Special Servicer, as applicable, would be liable for
the Servicer’s or Special Servicer’s, as applicable, acts or failure to act under the terms of this Agreement.

 

For
the avoidance of doubt, with respect to any indemnification provisions in this Agreement providing that the Trust or a party to
this Agreement is required to indemnify another party to this Agreement for costs, fees and expenses, such costs, fees and expenses
are intended to include costs (including, but not limited to, reasonable attorney’s fees and expenses) of the enforcement
of such indemnity.

 

8.4.         Trustee and Certificate Administrator May Own Certificates. The Trustee and the Certificate Administrator in their individual
or any other capacity may become the owner or pledgee of Certificates with the same rights, powers, and privileges as it would
have if they were not the Trustee or the Certificate Administrator.

 

8.5.         Trustee’s and Certificate Administrator’s Fees and Expenses.
   (a)   The Trustee and the Certificate Administrator shall be entitled to the Certificate Administrator Fee (including that portion
of the Certificate Administrator Fee that represents the Trustee Fee, which is payable to the Trustee), payable pursuant to Section 3.4(c).
The Certificate Administrator 

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shall pay to the Trustee monthly the Trustee Fee from the Certificate Administrator Fee. The Certificate
Administrator Fee (which shall not be limited to any provision of law in regard to the compensation of a trustee of an express
trust) shall constitute the Certificate Administrator’s and the Trustee’s sole form of compensation (unless otherwise
set forth herein) for all services rendered by each entity in the execution of the trust hereby created and in the exercise and
performance of any of the powers and duties of the Certificate Administrator and the Trustee hereunder. No Certificate Administrator
Fee shall be payable with respect to any Companion Loan. The Trustee and the Certificate Administrator shall be entitled to be
reimbursed for all reasonable expenses, disbursements and advances incurred or made by the Trustee or the Certificate Administrator,
as applicable, in accordance with any of the provisions of this Agreement (including the reasonable fees and expenses of its counsel
and of all Persons not regularly in its employ), provided such cost would qualify as an “unanticipated expense incurred
by the REMIC” within the meaning of the REMIC Provisions, except any such expense, disbursement or advance as may arise
from its negligence, willful misconduct or bad faith or which is expressly the responsibility of a Certificateholder or Certificateholders
hereunder, all of which reimbursements to be paid from amounts on deposit in the Collection Account pursuant to Section 3.4(c);
provided, however, that neither the Trustee nor the Certificate Administrator shall refuse to perform any of their
obligations hereunder solely as a result of the failure to be paid any fees and expenses so long as payment of such fees and expenses
are reasonably assured to it. The Trustee and the Certificate Administrator shall provide the Servicer with an invoice, on or
prior to each Payment Date, setting forth the actual expenses incurred in connection with the performance of its duties hereunder
for which it seeks payment or reimbursement. Notwithstanding any other provision of this Agreement, neither the Trustee nor the
Certificate Administrator shall be entitled to reimbursement from the Trust for an expense incurred under this Agreement in connection
with the performance of its ordinary and regularly recurring duties hereunder unless such reimbursement is expressly provided
for herein or otherwise permitted hereunder.

 

(b)          Each of the Depositor, the Servicer and the Special Servicer (each, for purposes of this Section 8.5(b) only, an “Indemnifying
Party”) shall (severally and not jointly) indemnify the Trustee (both in its capacity as Trustee and individually) and
the Certificate Administrator (in each of its capacities as Certificate Administrator, Custodian, Certificate Registrar, Authenticating
Agent, paying agent and 17g-5 Information Provider) and each of their Affiliates and each of the directors, officers, employees
and agents of the Trustee and the Certificate Administrator and each of their Affiliates (each, for purposes of this Section 8.5(b) only, an “Indemnified Party”), and hold each of them harmless against any and all claims, losses, damages,
penalties, fines, forfeitures, reasonable legal fees and related costs, judgments, and any other costs, fees and expenses that
the Indemnified Party may sustain in connection with this Agreement (including, without limitation, reasonable fees and disbursements
of counsel incurred by the Indemnified Party in any action or proceeding between the Indemnifying Party and the Indemnified Party
or between the Indemnified Party and any third party or otherwise) resulting from each such Indemnifying Party’s respective
willful misconduct, bad faith, fraud or negligence in the performance of each of its respective duties hereunder or by reason
of negligent disregard of its respective obligations and duties hereunder (including in the case of the Servicer, any agent of
the Servicer or sub-servicer).

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(c)           Each of the Certificate Administrator (including in its capacities as Custodian, Certificate Registrar, Authenticating Agent,
paying agent and 17g-5 Information Provider) and the Trustee (in each case with respect to itself only, for purposes of this Section 8.5(c)
only, an “Indemnifying Party”) shall (severally and not jointly) indemnify the Depositor, the Servicer
and the Special Servicer and their respective Affiliates and each of the directors, officers, employees and agents of the Servicer
and the Special Servicer and their respective Affiliates (each, for purposes of this Section 8.5(c) only, an “Indemnified
Party”), and hold each of them harmless against any and all claims, losses, damages, penalties, fines, forfeitures,
reasonable legal fees and related costs, judgments, and any other costs, fees and expenses that the Indemnified Party may sustain
in connection with this Agreement (including, without limitation reasonable fees and disbursements of counsel incurred by the
Indemnified Party in any action or proceeding between the Indemnifying Party and the Indemnified Party or between the Indemnified
Party and any third party or otherwise) resulting from the applicable Indemnifying Party’s willful misconduct, bad faith,
fraud or negligence in the performance of its duties hereunder or by reason of negligent disregard of its obligations and duties
hereunder.

 

8.6.          Eligibility Requirements for the Trustee and the Certificate Administrator; Errors and Omissions Insurance. (a)  Each
of the Trustee and the Certificate Administrator hereunder shall at all times be a corporation, association or 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 under this Agreement, which has, a combined capital and surplus of at least $50,000,000
and, in the case of the Certificate Administrator, have a rating on its long-term senior unsecured debt of at least “BBB(high)”
by DBRS Morningstar and, in the case of the Trustee, have a rating on its long-term senior unsecured debt of at least “A”
by DBRS Morningstar, provided that if the Trustee or Certificate Administrator is not rated by DBRS Morningstar an equivalent
(or higher) rating by any two other NRSROs, or as is otherwise acceptable to each Rating Agency as evidenced by the receipt of
a Rating Agency Confirmation, and is subject to supervision or examination by federal or state authority and, in the case of the
Trustee, shall not be an Affiliate of the Servicer or the Special Servicer (except during any period when the Trustee has assumed
the duties of the Servicer and/or Special Servicer pursuant to Section 7.2). If a corporation, association or trust
company publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising
or examining authority, then for purposes of this Section 8.6 the combined capital and surplus of such entity shall
be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In the event
that the place of business from which the Trustee or the Certificate Administrator, as applicable, administers the Trust Fund
is a state or local jurisdiction that imposes a tax on the Trust, the Trustee or the Certificate Administrator, as applicable,
shall elect either to (i) resign immediately in the manner and with the effect specified in Section 8.7, (ii) pay
such tax from its own funds and continue as Trustee or Certificate Administrator, as applicable, or (iii) administer the
Trust Fund from a state and local jurisdiction that does not impose such a tax. In case at any time the Trustee or the Certificate
Administrator shall cease to be eligible in accordance with the provisions of this Section 8.6, the Trustee or the
Certificate Administrator, as applicable, shall resign immediately in the manner and with the effect specified in Section 8.7.

 

(b)           The Certificate Administrator shall obtain and maintain at its own expense, and keep in full force and effect throughout the term
of this Agreement, a blanket

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fidelity
bond and an errors and omissions insurance policy covering the Certificate Administrator’s directors, officers and employees
in connection with its activities under this Agreement; provided that if the Certificate Administrator is not rated at
least “A(low)” or its equivalent by DBRS Morningstar (or, if not rated by DBRS Morningstar, then the equivalent rating
by two other NRSROs), such applicable error and omissions insurance policy must be rated at least “A(low)” by DBRS
Morningstar (or, if not rated by DBRS Morningstar, then the equivalent rating by two other NRSROs). Such insurance policy shall
protect the Certificate Administrator against losses, forgery, theft, embezzlement, fraud, errors and omissions of such covered
Persons. The amount of coverage shall be at least equal to the coverage that is required by applicable governmental authorities
having regulatory power over the Certificate Administrator. In the event that any such bond or policy ceases to be in effect,
the Certificate Administrator shall obtain a comparable replacement bond or policy. In lieu of the foregoing, the Certificate
Administrator shall be entitled to self-insure with respect to such risks so long as the Certificate Administrator is rated at
least “A(low)” or its equivalent by DBRS Morningstar (or, if not rated by DBRS Morningstar, then the equivalent rating
by two other NRSROs).

 

(c)           The Trustee shall obtain and maintain at its own expense, and keep in full force and effect throughout the term of this Agreement,
a blanket fidelity bond and an errors and omissions insurance policy covering the Trustee’s directors, officers and employees
in connection with its activities under this Agreement; provided that if the Trustee is not rated at least “A(low)”
or its equivalent by DBRS Morningstar (if then rated by DBRS Morningstar), such applicable error and omissions insurance policy
must be rated at least “A(low)” by DBRS Morningstar. Such insurance policy shall protect the Trustee against losses,
forgery, theft, embezzlement, fraud, errors and omissions of such covered Persons. The amount of coverage shall be at least equal
to the coverage that is required by applicable governmental authorities having regulatory power over the Trustee. In the event
that any such bond or policy ceases to be in effect, the Trustee shall obtain a comparable replacement bond or policy. In lieu
of the foregoing, the Trustee shall be entitled to self-insure with respect to such risks so long as the Trustee is rated at least
“A(low)” or its equivalent by DBRS Morningstar (if then rated by DBRS Morningstar).

 

8.7.          Resignation and Removal of the Trustee or the Certificate Administrator. Each of the Trustee and the Certificate Administrator
may at any time resign and be discharged from the trusts hereby created by (i) giving written notice of resignation to the
Depositor, the Initial Purchasers, the Servicer, the Special Servicer, the Certificate Administrator, the Certificate Registrar
(if other than the Certificate Administrator), the Companion Loan Holders, the Trustee and the 17g-5 Information Provider, who
shall post such notice on the 17g-5 Information Provider’s Website pursuant to Section 8.14(b) and after such
posting by the 17g-5 Information Provider, to the Rating Agencies, and by mailing notice of resignation by first class mail, postage
prepaid, to the Certificateholders and the VRR Interest Owner at their addresses appearing on the Certificate Register, not less
than sixty (60) days before the date specified in such notice when, subject to Section 8.8, such resignation is to
take effect, and (ii) acceptance by a successor Trustee or Certificate Administrator, as applicable, appointed by the Depositor
in accordance with Section 8.8 meeting the qualifications set forth in Section 8.6. Upon such notice of
resignation, the Depositor shall promptly appoint a successor Trustee or Certificate Administrator, as applicable, and a Rating
Agency Confirmation is provided with respect to such appointment, which Rating Agency Confirmation shall be delivered to the resigning
Trustee or

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Certificate
Administrator, and the successor Trustee or Certificate Administrator, as applicable. If no successor Trustee or Certificate Administrator
shall have been so appointed and shall have accepted appointment within 90 days after the giving of such notice of resignation,
the resigning Trustee or Certificate Administrator, as applicable, may petition any court of competent jurisdiction for appointment
of a successor Trustee or Certificate Administrator, as applicable and any expenses associated with such petition shall be an
expense of the Trust.

 

Upon
the resignation, assignment, merger, consolidation, or transfer of the Trustee or the Certificate Administrator or its respective
business to a successor, or upon the termination of the Trustee or the Certificate Administrator, (a) the outgoing Trustee or
Certificate Administrator shall cooperate with any successor, as requested (i) to endorse the original executed Notes for the
Trust Loan (to the extent that the original executed Notes for the Trust Loan were endorsed to the outgoing Trustee or Certificate
Administrator or), without recourse, representation or warranty, express or implied, to the order of the successor, as trustee
for the registered holders of COLEM 2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE
and the VRR Interest Owner or in blank, and (ii) in the case of the other assignable Mortgage Loan Documents (to the extent such
other Mortgage Loan Documents were assigned to the outgoing Trustee or Certificate Administrator), to assign such Mortgage Loan
Documents to such successor, and such successor shall review the documents delivered to it with respect to the Trust Loan, and
certify in writing that, as to the Trust Loan then subject to this Agreement, such endorsement and assignment has been made, and
record such assignment documents (if applicable); (b) if any original executed Note for the Trust Loan was not endorsed to the
outgoing Trustee, the Certificate Administrator (in its capacity as Custodian) shall, upon its receipt of a request for release
in the form of Exhibit B hereto, deliver such Note to the Depositor or the successor Trustee, as requested, and the
Servicer and the Depositor shall cooperate with any successor Trustee to ensure that such Note is endorsed (without recourse,
representation or warranty, express or implied) to the order of the successor, as trustee for the registered holders of COLEM
2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE and the related VRR Interest Owner or
in blank; (c) if any other assignable Mortgage Loan Document was not assigned to the outgoing Trustee, the Certificate Administrator
shall, upon its receipt of a request for release, deliver such Mortgage Loan Document to the Depositor or the successor Trustee,
as requested, and the Servicer and the Depositor shall cooperate with any successor Trustee to ensure that such Mortgage Loan
Document is assigned to such successor Trustee; and (d) in any case, such successor Trustee shall review the documents delivered
to it or to the Certificate Administrator with respect to the Trust Loan, and certify in writing that, as to the Trust Loan then
subject to this Agreement, such endorsements and assignments have been made, and record such assignment documents (if applicable)
or, in the event such endorsement or assignment cannot be made for any reason, to note the same in such certification. The resigning
or terminated Trustee or Certificate Administrator, as the case may be, shall reimburse the Trust for any expenses of such endorsement,
assignment and recording.

 

If
at any time any of the following occur: (x) the Trustee or the Certificate Administrator shall cease to be eligible in accordance
with the provisions of Section 8.6 and shall fail to resign after written request for the Trustee’s or the Certificate
Administrator’s resignation by the Depositor, the Servicer or the Special Servicer, as applicable; (y) the Trustee
or the Certificate Administrator shall materially default in the performance of its obligations under this

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Agreement;
or (z) if at any time the Trustee or the Certificate Administrator shall become incapable of action, or shall be adjudged
a bankrupt or insolvent, or a receiver of the Trustee or the Certificate Administrator or of either of their property shall be
appointed, or any public officer shall take charge or control of the Trustee or Certificate Administrator or of its property or
affairs for the purpose of rehabilitation, conservation or liquidation then, in any such case, (1) the Depositor may remove
the Trustee or the Certificate Administrator, as applicable, and appoint a successor Trustee or Certificate Administrator, as
applicable, by written instrument, in duplicate, executed by an authorized officer of the Depositor, one copy of which instrument
shall be delivered to the Trustee or the Certificate Administrator, as applicable, so removed and one copy to the successor Trustee
or Certificate Administrator, as applicable, or (2) any Certificateholder who has been a bona fide Certificateholder for
at least six (6) months may, on behalf of itself and all others similarly situated, petition any court of competent jurisdiction
for the removal of the Trustee or the Certificate Administrator and the appointment of a successor Trustee or Certificate Administrator,
as applicable. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, remove the Trustee or
Certificate Administrator, as applicable, which removal and appointment shall become effective upon acceptance of appointment
by the successor Trustee or Certificate Administrator, as applicable, as provided in Section 8.8. The successor Trustee
or Certificate Administrator, as applicable, so appointed by such court shall immediately and without further act be superseded
by any successor Trustee or Certificate Administrator, as applicable, appointed by the Certificateholders as provided below within
one (1) year from the date of appointment by such court. Holders of Certificates evidencing, in the aggregate, not less than a
majority of the Voting Rights of the outstanding Certificates, may at any time upon 30 days’ notice to the Trustee or Certificate
Administrator remove the Trustee or the Certificate Administrator and appoint a successor Trustee or Certificate Administrator,
as applicable, by written instrument or instruments, in triplicate, signed by such Holders or their attorney-in-fact duly authorized,
one complete set of which instrument or instruments shall be delivered to the Depositor (with a copy to the Servicer and Special
Servicer), one complete set to the Trustee or the Certificate Administrator, as applicable, so removed and one complete set to
the successor(s) so appointed. Notice of any removal of the Trustee or the Certificate Administrator and acceptance of appointment
by the successor Trustee or Certificate Administrator shall be given to the Companion Loan Holders, the Rating Agencies (through
the successor 17g-5 Information Provider’s website, as applicable) and the Initial Purchasers by the successor Trustee or
Certificate Administrator, as applicable. No removal of the Trustee or the Certificate Administrator shall be effective until
all reasonable fees, costs, expenses and Advances (including interest thereon) have been paid to the Trustee or Certificate Administrator,
as applicable, in full.

 

Any
resignation or removal of the Trustee or Certificate Administrator shall not become effective until acceptance of the appointment
by the successor Trustee or Certificate Administrator, as applicable, as provided in Section 8.8.

 

If
the Certificate Administrator is terminated pursuant to this Section 8.7, all of its rights and obligations under this
Agreement and in and to the Trust Loan shall be terminated, other than any rights or obligations that accrued prior to the date
of such termination or removal (including the right to receive all fees, indemnities, expenses and other amounts accrued or owing
to it under this Agreement with respect to periods prior to the date of such termination or removal).

 

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In
the event of any resignation or removal of the Trustee or the Certificate Administrator (in any of its capacities) under this
Agreement (other than a resignation of the Trustee that is required solely due to a change in law or a conflict of interest arising
after the Closing Date that is not waived by all of the parties in conflict or is unwaivable), such resignation or removal shall
be effective with respect to each of such party’s other capacities hereunder (including, without limitation, such party’s
capacities as Trustee, Custodian, Certificate Administrator, Certificate Registrar and 17g-5 Information Provider, as the case
may be).

 

8.8.           
Successor Trustee or Successor Certificate Administrator. Any successor Trustee or Certificate Administrator appointed
as provided in Section 8.7 shall execute, acknowledge and deliver to the Depositor, the Servicer, the Special Servicer
and to its predecessor Trustee or Certificate Administrator an instrument (i) accepting such appointment hereunder and (ii) making
the representations and warranties of the Trustee or the Certificate Administrator, as applicable, as provided in Section 2.3
and Section 2.4, respectively, and thereupon the resignation or removal of the predecessor Trustee or Certificate
Administrator shall become effective and such successor Trustee or Certificate Administrator, as applicable, without any further
act, deed or conveyance, shall become fully vested with all the rights, powers, duties and obligations of its predecessor hereunder,
with the like effect as if originally named as trustee or certificate administrator herein. The predecessor Certificate Administrator
shall deliver or cause to be delivered to the successor Certificate Administrator, as applicable, the Mortgage File and related
documents and statements held by it hereunder, and the Depositor, the Servicer, the Special Servicer and the predecessor Trustee
or Certificate Administrator shall execute and deliver such instruments and do such other things as may reasonably be required
for more fully and certainly vesting and confirming in the successor Trustee or Certificate Administrator all such rights, powers,
duties and obligations.

 

No
successor Trustee or Certificate Administrator shall accept appointment as provided in this Section 8.8 unless at
the time of such acceptance such successor Trustee or Certificate Administrator shall be eligible under the provisions of Section 8.6
and a Rating Agency Confirmation is received with respect to its appointment (prior to the resignation or termination of the
Trustee or Certificate Administrator).

 

Upon
acceptance of appointment by a successor Trustee or Certificate Administrator as provided in this Section 8.8, the
successor Trustee or Certificate Administrator shall mail notice of the succession of such Trustee or Certificate Administrator
hereunder to all Holders of Certificates and the VRR Interest Owner at their addresses as shown in the Certificate Register, the
Depositor, the Servicer, the Special Servicer, the Borrower, the Initial Purchasers and the Companion Loan Holders.

 

8.9.          Merger or Consolidation of the Trustee or the Certificate Administrator. Any Person into which the Trustee or the Certificate
Administrator may be merged or converted or with which either may be consolidated or any Person resulting from any merger, conversion
or consolidation to which the Trustee or the Certificate Administrator shall be a party, or any Person succeeding to all or substantially
all of the corporate trust business of the Trustee or the Certificate Administrator shall be the successor of the Trustee or the
Certificate Administrator, as applicable, hereunder, provided that (i) such Person shall be eligible under the provisions
of

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Section 8.6,
without the execution or filing of any paper or further act on the part of any of the parties hereto, anything herein to the contrary
notwithstanding and (ii) Rating Agency Confirmation shall have been delivered to such Person.

 

8.10.       Appointment
of Co-Trustee or Separate Trustee. (a)  At any time or times, for the purpose of meeting any legal requirements
of any jurisdiction in which any part of the Property may at the time be located or in which any action of the Trustee may be
required to be performed or taken, the Trustee, the Depositor or the Holders of Certificates evidencing, in the aggregate, a majority
of the Voting Rights of the outstanding Certificates, by an instrument in writing signed by it or them, may appoint one or more
individuals or corporations to act as separate trustee or separate trustees or co-trustees, acting jointly with the Trustee, of
all or any part of the Property, to the full extent that local law makes it necessary for such separate trustee or separate trustees
or co-trustee acting jointly with the Trustee to act. The fees and expenses of any separate trustee or co-trustee shall be paid
by the Trust Fund pursuant to Section 3.4(c).

 

(b)           The Trustee shall execute, acknowledge and deliver all such instruments as may be required by the legal requirements of any jurisdiction
or by any such separate trustee or separate trustees or co-trustee for the purpose of more fully conferring such title, rights
or duties to such separate trustee or separate trustees or co-trustee, it, he, she or they shall be vested with such title to
the Property or any part thereof, and with such rights, powers, duties and obligations as shall be specified in the instrument
of appointment, and such rights, powers, duties and obligations shall be conferred or imposed upon and exercised or performed
by the Trustee, or the Trustee and such separate trustee or separate trustees or co-trustees jointly with the Trustee subject
to all the terms of this Agreement, except to the extent that under any law of any jurisdiction in which any particular act or
acts are to be performed shall be exercised and performed by such separate trustee or separate trustees or co-trustee, as the
case may be. Any separate trustee or separate trustees or co-trustee may, at any time by an instrument in writing, constitute
the Trustee, its attorney-in-fact and agent with full power and authority to do all acts and things and to exercise all discretion
on its behalf and in its, her or his name. In the event that any such separate trustee or co-trustee shall die, become incapable
of acting, resign or be removed, the title to any applicable Property and all assets, property, rights, powers, duties and obligations
of such separate trustee or co-trustee shall, so far as permitted by law, vest in and be exercised by the Trustee, without the
appointment of a successor to such separate trustee or co-trustee unless and until a successor is appointed.

 

(c)           All provisions of this Agreement which are for the benefit of the Trustee and Certificate Administrator shall extend to and apply
to each separate trustee or co-trustee appointed pursuant to the foregoing provisions of this Section 8.10, and to
the Trustee and Certificate Administrator in each capacity that it may assume hereunder, including, without limitation, its capacity
as Certificate Administrator, Certificate Registrar, Authenticating Agent, Custodian, paying agent and 17g-5 Information Provider,
as applicable.

 

(d)           Every co-trustee and separate trustee hereunder shall, to the extent permitted by law, be appointed and act and the Trustee shall
act, subject to the following provisions and conditions: (i) all powers, duties, obligations and rights conferred upon the
Trustee in respect of the receipt, custody, investment and payment of monies shall be exercised solely by the Trustee; (ii) all
other rights, powers, duties and obligations conferred or imposed

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upon
the Trustee shall be conferred or imposed and exercised or performed by the Trustee and such co-trustee or trustees and separate
trustee or trustees jointly except to the extent that under any law of any jurisdiction in which any particular act or acts are
to be performed, the Trustee shall be incompetent or unqualified to perform such act or acts, in which event such rights, powers,
duties and obligations shall be exercised and performed by such co-trustee or trustees; (iii) no power hereby given to, or
exercisable by, any such co-trustee or separate trustee shall be exercised hereunder by such co-trustee or separate trustees except
jointly with, or with the consent of, the Trustee; and (iv) no trustee hereunder shall be personally liable by reason of
any act or omission of any other trustees hereunder.

 

If,
at any time, the Trustee shall deem it no longer necessary or prudent in order to conform to any such law, the Trustee shall execute
and deliver all instruments and agreements necessary or proper to remove any co-trustee or separate trustee. Notwithstanding the
foregoing, the appointment of a co-trustee or separate trustee by the Trustee shall not relieve the Trustee of its obligations,
duties, or responsibilities in any way or to any degree.

 

(e)           Any request, approval or consent in writing by the Trustee to any co-trustee or separate trustee shall be sufficient warrant to
such co-trustee or separate trustee, as the case may be, to take such action as may be so required, approved or consented to.

 

(f)            Notwithstanding any other provision of this Section 8.10, the powers of any co-trustee or separate trustee shall not
exceed those of the Trustee hereunder, and such co-trustee or separate trustee must meet the eligibility requirements set forth
in Section 8.6.

 

8.11.       
Appointment of Authenticating Agent and Custodian. (a)  The Certificate Administrator may appoint an agent or
agents which shall be authorized to act on behalf of the Certificate Administrator to authenticate Certificates (each such agent,
an “Authenticating Agent”), and Certificates so authenticated shall be entitled to the benefits of this Agreement
and shall be valid and obligatory for all purposes as if authenticated by the Certificate Administrator hereunder. Wherever a
reference is made in this Agreement to the authentication and delivery of Certificates by the Certificate Administrator or the
Certificate Administrator’s certificate of authentication, such reference shall be deemed to include authentication and
delivery on behalf of the Certificate Administrator by an Authenticating Agent and a certificate of authentication executed on
behalf of the Certificate Administrator by an Authenticating Agent. Each Authenticating Agent shall, at all times, be a corporation
or association organized and doing business under the laws of the United States of America, any State thereof or the District
of Columbia, authorized under such law to act as Authenticating Agent, having a combined capital and surplus of not less than
$15,000,000, authorized under such laws to do trust business and subject to supervision or examination by federal or state authorities.
If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the requirements of said
supervising or examining authority, then for the purposes of this Section 8.11 the combined capital and surplus of
such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition
so published. If, at any time, an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section 8.11,
such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section 8.11.
The initial Authenticating Agent shall be the Certificate Administrator.

 

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(b)           Any Person into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any Person resulting
from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any Person succeeding to
the corporate agency business of an Authenticating Agent, shall continue to be an Authenticating Agent, provided such Person
shall be otherwise eligible under this Section 8.11, without the execution or filing of any paper or any further act
on the part of the Trustee or the Authenticating Agent.

 

(c)           An Authenticating Agent may resign at any time by giving at least thirty (30) days’ advance written notice thereof to the
Certificate Administrator, the Servicer or Special Servicer, as applicable, and the Depositor. The Certificate Administrator may
at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent, the
Servicer or the Special Servicer, as applicable, and the Depositor. Upon receiving such a notice of resignation or upon such a
termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of
this Section 8.11, the Certificate Administrator may appoint a successor Authenticating Agent and shall mail written
notice of such appointment by first class mail, postage prepaid to all Certificateholders as their names and addresses appear
in the Certificate Register. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested
with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating
Agent herein. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section 8.11.

 

(d)           The Certificate Administrator is hereby appointed as the initial Custodian. Any successor Certificate Administrator appointed
pursuant to Section 8.7 and Section 8.8 shall be deemed to be appointed as the successor Custodian upon the effectiveness
of its appointment as the successor Certificate Administrator.

 

8.12.       
Indemnification by the Trustee and the Certificate Administrator. The Trustee and the Certificate Administrator, as applicable,
severally and not jointly, shall indemnify and hold harmless the Trust from and against any claims, losses, damages, penalties,
fines, forfeitures, legal fees and expenses and related costs, judgments and other costs and expenses incurred by the Trust that
arise out of or are based upon (i) a breach by the Trustee or the Certificate Administrator (including in its capacity as
17g-5 Information Provider) of its representations and warranties, as applicable, under this Agreement or (ii) negligence,
bad faith or willful misconduct on the part of the Trustee or the Certificate Administrator (including in its capacities as Custodian,
Certificate Registrar, Authenticating Agent, paying agent and 17g-5 Information Provider), as applicable, in the performance of
its obligations or its negligent disregard of such obligations under this Agreement.

 

The
Certificate Administrator shall indemnify and hold harmless the Depositor from and against any claims, losses, damages, penalties,
fines, forfeitures, legal fees and expenses and related costs, judgments and other costs and expenses incurred by the Depositor
or its Affiliates that arise out of or are based upon (i) a breach by the Certificate Administrator, in its capacity as 17g-5
Information Provider, of its obligations under this Agreement or (ii) negligence, bad faith or willful misconduct on the
part of the Certificate Administrator, in its

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capacity
as 17g-5 Information Provider, in the performance of such obligations or its negligent disregard of its obligations and duties
under this Agreement.

 

8.13.       
Certificate Administrator and Servicer Not Responsible for Inconsistent Payment Information. In connection with any Distribution
Date and a voluntary prepayment or the payment at maturity by the Borrower of the Trust Loan or any portion thereof, the Certificate
Administrator shall report the amount of such prepayment or payment to the Depository based on information received from the Servicer
or the Special Servicer in reliance on notices received from the Borrower. In the event of any inconsistencies in payments or
prepayments made by the Borrower with the previously delivered notices by the Borrower, all costs and expenses incurred as a result
of a failure by the Borrower to make any such payments or prepayment, shall be paid by the Borrower in accordance with the Mortgage
Loan Agreement provided that the amount of payment reported to the Depository by the Certificate Administrator was consistent
with the information received from the Servicer or the Special Servicer. If the Borrower fails to do so, such costs and expenses
shall be reimbursed to the Certificate Administrator and to the Servicer or the Special Servicer, as applicable, by the Trust
pursuant to Section 3.4(c) from funds on deposit in the Collection Account. Neither the Certificate Administrator, the
Servicer nor the Special Servicer shall be liable for any inability or delay of the Depository to make a distribution as a result
of such inconsistencies. Notwithstanding the foregoing, the Certificate Administrator shall notify the Depository on the Remittance
Date or as soon as reasonably possible of any such inconsistencies.

 

8.14.       
Access to Certain Information.

 

(a)           The Certificate Administrator shall afford to any Privileged Person (which for this purpose excludes a Privileged Person who provides
the Certificate Administrator with an Investor Certification substantially in the form of Exhibit K-2 hereto) and
to the Office of the Comptroller of the Currency, the FDIC and any other banking or insurance regulatory authority that may exercise
authority over any Certificateholder, access to any documentation regarding the Trust Loan or the assets of the Trust Fund that
are in its possession or within its control, including without limitation:

 

(i)            the Mortgage Loan files, including any and all modifications, waivers and amendments to the terms of the Mortgage Loan entered
into or consented to by the Servicer or the Special Servicer and delivered to the Certificate Administrator;

 

(ii)           the annual, quarterly and monthly operating statements, if any, collected by or on behalf of the Servicer or the Special Servicer,
as applicable, and delivered to the Certificate Administrator for the Property, and

 

(iii)          all notices and reports delivered to the Certificate Administrator with respect to the Property as to which environmental testing
revealed any failure of the Property to comply with any applicable law, including any environmental law, or which revealed an
environmental condition present at the Property requiring further investigation, testing, monitoring, containment, clean up, or
remediation.

 

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Such
access shall be afforded without charge but only upon reasonable prior written request and during normal business hours at the
offices of the Certificate Administrator.

 

The
Certificate Administrator will provide copies of the items described in this Section 8.14(a) to the extent in its
possession to, and upon reasonable written request of the Certificateholders (other than a Certificateholder or Beneficial Owner
that is a Privileged Person who provides the Certificate Administrator with an Investor Certification in the form of Exhibit K-2
hereto). The Certificate Administrator may require payment for the reasonable costs and expenses of providing the copies and
may also require a confirmation executed by the requesting Person, in a form reasonably acceptable to the Certificate Administrator,
to the effect that the Person making the request is a Beneficial Owner or prospective purchaser of Certificates, is requesting
the information solely for use in evaluating its investment in the Certificates and will otherwise keep the information confidential.
Certificateholders, by the acceptance of their Certificates, will be deemed to have agreed to keep this information confidential.

 

(b)           The Certificate Administrator shall make available to Privileged Persons (which for this purpose excludes a Privileged Person
who provided the Certificate Administrator with an Investor Certification in the form of Exhibit K-2 hereto), via
the Certificate Administrator’s Website, the following items (to the extent such items were prepared by or delivered to
the Certificate Administrator in electronic format to trustadministrationgroup@wellsfargo.com):

 

(i)            The following “deal documents”:

 

(A)        the Offering Circular and any other disclosure document relating to the Certificates, in the form most recently provided to the
Certificate Administrator by the Depositor or by any Person designated by the Depositor;

 

(B)         this Agreement, each sub-servicing agreement delivered to the Certificate Administrator since the Closing Date (if any), the Trust
Loan Purchase Agreement and any amendments and exhibits hereto or thereto; and

 

(C)         the CREFC® loan setup file prepared by the Servicer and delivered to the Certificate Administrator;

 

(ii)           The following “periodic reports”:

 

(A)        all Distribution Date Statements prepared by the Certificate Administrator pursuant to Section 4.4(b); and

 

(B)         all CREFC® Reports (other than the CREFC® loan setup file) prepared by, or delivered to, the Certificate
Administrator pursuant to Section 3.18(a); and;

 

(iii)          The following “additional documents”:

 

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(A)        summaries of Asset Status Reports delivered to the Certificate Administrator pursuant to Section 3.10;

 

(B)         all inspection reports delivered to the Certificate Administrator pursuant to Section 3.22;

 

(C)         all Appraisals delivered to the Certificate Administrator pursuant to Section 3.7(a);

 

(D)        any amendment, modification or waiver of a material term of any ground lease; and

 

(E)         the CREFC® Appraisal Reduction Template;

 

(iv)          The following “special notices”:

 

(A)        any notice of final payment on the Certificates delivered to the Certificate Administrator pursuant to Section 4.1(d);

 

(B)         any notice of termination of the Servicer or the Special Servicer delivered to the Certificate Administrator pursuant to Section 7.1(c);

 

(C)         any notice of a Servicer Termination Event or Special Servicer Termination Event delivered to the Certificate Administrator pursuant
to Section 7.1(b);

 

(D)         any request by the Certificateholders representing at least 25% of the Voting Rights of all the then-outstanding Sequential Pay
Certificates to terminate the Special Servicer pursuant to Section 7.1(e);

 

(E)         any notice of resignation of the Trustee or the Certificate Administrator and any notice of the acceptance of appointment by the
successor Trustee or successor Certificate Administrator pursuant to Section 8.7;

 

(F)         any and all Officer’s Certificates and other evidence delivered to the Certificate Administrator to support the Trustee’s,
the Servicer’s or the Special Servicer’s, as the case may be, determination that any Advance was (or, if made, would
be) a Nonrecoverable Advance, pursuant to Section 3.23(f);

 

(G)         any Special Notice delivered to the Certificate Administrator pursuant to Section 5.6;

 

(H)        any amendment to this Agreement pursuant to Section 11.1(c);

 

(I)          any annual statements as to compliance and related Officer’s Certificates delivered to the Certificate Administrator under
Section 3.19;

 

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(J)          any annual independent public accountants’ servicing reports delivered to the Certificate Administrator pursuant to Section 3.20;

 

(K)        notice of any request by the holders of Certificates evidencing at least 25% of the Voting Rights of the Certificates (taking
into account the application of the Trust Appraisal Reduction Amount to notionally reduce the Certificate Balance of the Certificates)
to terminate and replace the Special Servicer;

 

(L)         any notice received by the Certificate Administrator of the occurrence or cessation of a Control Termination Event or a Consultation
Termination Event;

 

(M)       any notice sent by the Trustee requesting the resignation of the Special Servicer or providing notice of the appointment of a
replacement Special Servicer in the event that the Special Servicer becomes a Borrower Related Party or is otherwise required
to resign as Special Servicer under the terms of this Agreement; and

 

(N)        Any notice or documents provide to the Certificate Administrator by the Depositor or the Servicer directing the Certificate Administrator
to post such notice or documents to the “Special Notices” tab;

 

(v)           the “Investor Q&A Forum” pursuant to Section 4.5(a);

 

(vi)          solely to Certificateholders and Beneficial Owner of Certificates, the “Investor Registry” pursuant to Section 4.5(b);

 

(vii)         the “U.S. Risk Retention Special Notices” tab;

 

The
foregoing information shall be made available by the Certificate Administrator on the Certificate Administrator’s Website
promptly following receipt. The Certificate Administrator shall have no obligation or duty to verify, confirm or otherwise determine
whether the information being delivered is accurate, complete, conforms to the transaction, or otherwise is or is not anything
other than what it purports to be. In the event that any such information is delivered or posted in error, the Certificate Administrator
may remove it from the Certificate Administrator’s Website. The Certificate Administrator has not obtained and shall not
be deemed to have obtained actual knowledge of any information posted to the Certificate Administrator’s Website to the
extent such information was not produced by the Certificate Administrator. In connection with providing access to the Certificate
Administrator’s Website, the Certificate Administrator may require registration and the acceptance of a disclaimer. The
Certificate Administrator shall not be liable for the dissemination of information in accordance with the terms of this Agreement,
makes no representation or warranty as to the accuracy or completeness of such information being made available, and assumes no
responsibility for such information, other than such information prepared by the Certificate Administrator. Assistance in using
the Certificate Administrator’s Website may be obtained by calling (866) 846-4526. The Certificate Administrator shall provide
a mechanism to notify each Person that has signed-up for access to the Certificate Administrator’s Website in respect of
the

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transaction
governed by this Agreement each time an additional document is posted to the Certificate Administrator’s Website.

 

The
17g-5 Information Provider shall make available solely to the Depositor, the Rating Agencies and NRSROs the following items to
the extent such items are delivered to it via email at 17g5informationprovider@wellsfargo.com, specifically with a subject reference
of “COLEM 2022-HLNE Mortgage Trust” and an identification of the type of information being provided in the body of
the email, or via any alternate email address following notice to the parties hereto or any other delivery method established
or approved by the 17g-5 Information Provider if or as may be necessary or beneficial:

 

(i)           
any Asset Status Report delivered by the Special Servicer under Section 3.10(i);

 

(ii)       
   any environmental reports delivered by the Special Servicer under Section 3.12(e);

 

(iii)       
  any annual statements as to compliance and related Officer’s Certificates delivered under Section
3.19;

 

(iv)       
  any annual independent public accountants’ servicing reports delivered pursuant to Section
3.20;

 

(v)       
   any Appraisals delivered to the 17g-5 Information Provider pursuant to Section 3.10(i);

 

(vi)          any information requested by the Depositor or the Rating Agencies pursuant to Section 3.21(a) (it being understood
the 17g-5 Information Provider shall not disclose on the 17g-5 Information Provider’s Website which Rating Agency requested
such information as provided in Section 3.21(a));

 

(vii)        any notice to the Rating Agencies relating to the Servicer’s determination to take action without receiving Rating Agency
Confirmation as set forth in Section 3.28(a);

 

(viii)       any requests for Rating Agency Confirmation that are delivered to the 17g-5 Information Provider pursuant to Section 3.28(a);

 

(ix)          any notice of resignation of the Trustee or the Certificate Administrator and any notice of the acceptance of appointment by the
successor Trustee or successor Certificate Administrator pursuant to Section 8.7;

 

(x)           any and all Officer’s Certificates and other evidence to support the Trustee’s, the Servicer’s or the Special
Servicer’s, as the case may be, determination that any Advance was (or, if made, would be) a Nonrecoverable Advance, pursuant
to Section 3.23(f);

 

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(xi)          any notice of a Servicer Termination Event or Special Servicer Termination Event delivered pursuant to Section 7.1(b);

 

(xii)         any summary of oral communications with the Rating Agencies that are delivered to the 17g-5 Information Provider pursuant to Section 8.14(b);
provided that the summary of such oral communications shall not attribute which Rating Agency the communication was with;

 

(xiii)        any amendment to this Agreement pursuant to Section 11.1(c);

 

(xiv)        notice of final payments on the Certificates;

 

(xv)         notice of any amendments to the Trust Loan Purchase Agreement and any intercreditor agreement;

 

(xvi)        notice of any material modifications or amendment to the Mortgage Loan Documents;

 

(xvii)       notice of any change to a Manager or franchisor;

 

(xviii)      the Rating Agency Q&A Forum and Document Request Tool pursuant to Section 4.5(d); and

 

(xix)         any notice sent by the Trustee requesting the resignation of the Special Servicer or providing notice of the appointment of a
replacement Special Servicer in the event that the Special Servicer becomes a Borrower Related Party or is otherwise required
to resign as Special Servicer under the terms of this Agreement.

 

The
foregoing information shall be made available by the 17g-5 Information Provider on the 17g-5 Information Provider’s Website.
Information will be posted on the same Business Day of receipt if such information is received by 2:00 p.m. (eastern time) or,
if received after 2:00 p.m., on the next Business Day by 12:00 p.m. The 17g-5 Information Provider shall have no obligation or
duty to verify, confirm or otherwise determine whether the information being delivered is accurate, complete, conforms to the
transaction, or otherwise is or is not anything other than what it purports to be. In the event that any information is delivered
or posted in error, the 17g-5 Information Provider may remove it from the 17g-5 Information Provider’s Website. The Certificate
Administrator and the 17g-5 Information Provider have not obtained and shall not be deemed to have obtained actual knowledge of
any information posted to the 17g-5 Information Provider’s Website to the extent such information was not produced by the
Certificate Administrator. Access will be provided by the 17g-5 Information Provider to (i) the NRSROs upon receipt of an NRSRO
Certification and (ii) the Depositor. If a Rating Agency requests access to the 17g-5 Information Provider’s Website, access
shall be granted by the 17g-5 Information Provider on the same Business Day, provided that such request is made prior to
2:00 p.m. (eastern time) on such Business Day, or, if received after 2:00 p.m. (eastern time), on the following Business Day by
12:00 p.m. Questions regarding delivery of information to the 17g-5 Information Provider may be directed to www.ctslink.com or
17g5informationprovider@wellsfargo.com (or as may be updated by the 17g-5 Information Provider). In the event that any
report, statement, document, file or other data to be delivered to

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the
17g-5 Information Provider under this Agreement is too large in its electronic form to be delivered via email, such report, statement,
document, file or other data may be uploaded to an alternate location provided by the 17g-5 Information Provider, and the party
uploading such report, statement, document, file or other data shall notify the 17g-5 Information Provider via email that such
report, statement, document, file or other data has been so uploaded and is ready for posting to the 17g-5 Information Provider’s
Internet Website.

 

The
17g-5 Information Provider shall notify any party that delivers information to the 17g-5 Information Provider under this Agreement
that such information was received and that it has been posted. The 17g-5 Information Provider shall provide a mechanism to promptly
notify each NRSRO that has signed-up for access to the 17g-5 Information Provider’s website in respect of the transaction
governed by this Agreement each time an additional document is posted to the 17g-5 Information Provider’s Website and such
notice shall specifically identify such document in the subject line or otherwise in the body of the email. The 17g-5 Information
Provider shall send such notice to such Person’s email address provided by and used by such Person for the purpose of accessing
the 17g-5 Information Provider’s Website, including a general email address if such general email address has been provided
to the 17g-5 Information Provider in connection with a completed NRSRO Certification in the form of Exhibit M hereto.
In connection with providing access to the Certificate Administrator’s Website or the 17g-5 Information Provider’s
Website, and the 17g-5 Information Provider may require registration and the acceptance of a disclaimer. The 17g-5 Information
Provider shall not be liable for the dissemination of information in accordance with the terms of this Agreement, makes no representation
or warranty as to the accuracy or completeness of such information being made available, and assumes no responsibility for such
information. The 17g-5 Information Provider shall not be liable for failing to make any information available to the Rating Agencies
or NRSROs unless same was delivered to it at its email address set forth above, with the proper subject heading. Assistance in
using the Certificate Administrator’s Website or the 17g-5 Information Provider can be obtained by calling (866) 846-4526.

 

If
any of the parties to this Agreement receives a Form ABS Due Diligence-15E from any party in connection with any third-party due
diligence services, as defined in Rule 17g-10 under the Exchange Act, such party may have provided with respect to the Mortgage
Loan (“Due Diligence Service Provider”), such receiving party shall promptly forward such Form ABS Due Diligence-15E
to the 17g-5 Information Provider for posting on the 17g-5 Information Provider’s Website. The 17g-5 Information Provider
shall post on the 17g-5 Information Provider’s Website any Form ABS Due Diligence-15E it receives directly from a Due Diligence
Service Provider or from another party to this Agreement, promptly upon receipt thereof.

 

(c)           Each of the Servicer and the Special Servicer may, in accordance with such reasonable rules and procedures as it may adopt, also
deliver, produce or otherwise make available through its website or otherwise, any CREFC® Reports and any additional
information relating to the Mortgage Loan, the Property or the Borrower, for review by the Depositor, the Initial Purchasers,
the Trustee, each Companion Loan Holder, the Certificate Administrator and any other Persons who deliver an Investor Certification
or confidentiality agreement in accordance with this Section 8.14(c), and the Rating Agencies (only to the extent
such additional information was previously delivered to the 17g-5 Information Provider or is simultaneously delivered to the 17g-5
Information Provider in accordance with the provisions of Section 8.14(b),

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who
shall post such additional information on the 17g-5 Information Provider’s Website in accordance with the provisions of
Section 8.14(b)) (collectively, the “Disclosure Parties”), in each case, except to the extent doing
so is prohibited by this Agreement, applicable law or by the Mortgage Loan Documents. Each of the Servicer and the Special Servicer
shall be entitled to (i) indicate the source of such information and affix thereto any disclaimer it deems appropriate in its
discretion and/or (ii) require that the recipient of such information (A) except for the Depositor, the Certificate Administrator
and the Trustee, deliver an Investor Certification or enter into a confidentiality agreement acceptable to the Servicer or the
Special Servicer, as the case may be, and (B) acknowledge that the Servicer or the Special Servicer may contemporaneously provide
such information to any other Disclosure Party. In addition, to the extent access to such information is provided via the Servicer’s
or the Special Servicer’s website, the Servicer and the Special Servicer may require registration and the acceptance of
a reasonable and customary disclaimer and/or an additional or alternative agreement as to the confidential nature of such information.
In connection with providing access to or copies of the information described in this Section 8.14(c) to current or
prospective Certificateholders or the VRR Interest Owner the form of confidentiality agreement used by the Servicer or the Special
Servicer, as applicable, shall be: (i) in the case of a Certificateholder, an Investor Certification executed by the requesting
Person indicating that such Person is a Holder of Certificates and will keep such information confidential (except that such Certificateholder
may provide such information (x) to its auditors, legal counsel and regulators and (y) to any other Person that holds or is contemplating
the purchase of any Certificate or interest therein (provided that such other Person confirms in writing such ownership
interest or prospective ownership interest and agrees to keep such information confidential)); and (ii) in the case of a
prospective purchaser of Certificates or interests therein or VRR Interest, an Investor Certification indicating that such Person
is a prospective purchaser of a Certificate or an interest therein and is requesting the information for use in evaluating a possible
investment in Certificates and will otherwise keep such information confidential. In the case of a licensed or registered investment
advisor acting on behalf of a current or prospective Certificateholder or VRR Interest Owner, the Investor Certification shall
be executed and delivered by both the investment advisor and such current or prospective Certificateholder.

 

Neither
the Servicer nor the Special Servicer shall be liable for the dissemination of information in accordance with this Agreement.
Neither the Servicer nor the Special Servicer shall be responsible or have any liability for the completeness or accuracy of the
information delivered, produced or otherwise made available pursuant to this Section 8.14(c) unless such information
was produced by the Servicer or Special Servicer, as applicable.

 

The
Servicer, the Special Servicer, the Certificate Administrator and the Trustee shall be permitted to orally communicate with the
Rating Agencies; provided that such party summarizes the information provided to the Rating Agencies in such communication
in writing and provides the 17g-5 Information Provider with such written summary in accordance with the procedures set forth in
Section 8.14(b) on the same day such communication takes place; provided that the summary of such oral communications
shall not be attributed to the Rating Agency the communication was with. The 17g-5 Information Provider shall post such summary
on the 17g-5 Information Provider’s website in accordance with the procedures set forth in Section 8.14(b).

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None
of the foregoing restrictions in this Section 8.14 or otherwise in this Agreement shall prohibit or restrict oral or written
communications, or providing information, between the Servicer or the Special Servicer, on the one hand, and any Rating Agency
or NRSRO, on the other hand, with regard to (i) such Rating Agency’s or NRSRO’s review of the ratings it assigns to
the Servicer or the Special Servicer, as applicable, (ii) such Rating Agency’s or NRSRO’s approval of the Servicer
or the Special Servicer, as applicable, as a commercial mortgage master, special or primary servicer or (iii) such Rating Agency’s
or NRSRO’s evaluation of the Servicer’s or the Special Servicer’s, as applicable, servicing operations in general;
provided, that the Servicer or the Special Servicer, as applicable, shall not provide any information relating to the Certificates
or the Trust Loan to any Rating Agency or NRSRO in connection with such review and evaluation by such Rating Agency or NRSRO unless
(x) borrower, property and other deal specific identifiers are redacted; (y) such information has already been provided to the
17g-5 Information Provider and has been uploaded on to the 17g-5 Information Provider’s Website or (z) the Rating Agency
confirms in writing that it does not intend to use such information in undertaking credit rating surveillance with regard to the
Certificates; provided, however, that the Rating Agencies may use information delivered in reliance on the certification in this
clause (z) for any purpose to the extent it is publicly available (unless the availability results from a breach of this Agreement
or any other confidentiality agreement to which such Rating Agency is subject) or comprised of information collected by the applicable
Rating Agency from the 17g-5 Information Provider’s Website (or another 17g-5 information provider’s website that
they have access to) other than pursuant to this Section 8.14(c).

 

In
connection with the delivery by the Servicer or the Special Servicer, as applicable, to the 17g-5 Information Provider of any
information, report, notice or document for posting to the 17g-5 Information Provider’s Website pursuant to this Agreement,
the 17g-5 Information Provider shall notify the Servicer or the Special Servicer when such information, report, notice or document
has been posted. The Servicer or the Special Servicer, as applicable, may, but is not obligated to, send such information, report,
notice or other document to the applicable Rating Agency or Rating Agencies so long as such information, report, notice or other
document (a) was previously provided to the 17g-5 Information Provider or (b) is simultaneously provided to the 17g-5 Information
Provider.

 

Each
of the Servicer and the Special Servicer (each, a “17g-5 Indemnifying Party”) hereby expressly agrees to indemnify
and hold harmless the Depositor and its respective officers, directors, shareholders, members, managers, employees, agents, Affiliates
and controlling persons, and the Trust Fund (each, a “17g-5 Indemnified Party”), from and against any and all
losses, liabilities, damages, claims, judgments, costs, fees, penalties, fines, forfeitures or other expenses (including reasonable
legal fees and expenses) to which any such 17g-5 Indemnified Party may become subject, under the Securities Act, the Exchange
Act or otherwise, pursuant to a third-party claim, insofar as such losses, liabilities, damages, claims, judgments, costs, fees,
penalties, fines, forfeitures or other expenses (including reasonable legal fees and expenses) arise out of or are based upon
such 17g-5 Indemnifying Party’s breach of (i) any obligation relating to the provision of information to the Rating Agencies
set forth in the first paragraph of Section 8.14(c) or (ii) any obligation set forth in the third, fourth and fifth
paragraphs of Section 8.14(c), and shall reimburse such 17g-5 Indemnified Party for any legal or other expenses reasonably
incurred by such 17g-5 Indemnified Party in connection with

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investigating
or defending any such action or claim, as such expenses are incurred.  The foregoing indemnity obligation shall be in addition
to the indemnity obligation of any 17g-5 Indemnifying Party under Section 6.6 and shall not be construed as limiting
such 17g-5 Indemnifying Party’s indemnity obligations under Section 6.6.

 

9.             CERTAIN MATTERS RELATING TO THE DIRECTING HOLDER

 

9.1.          Selection and Removal of the Directing Holder

 

(a)           As of the Closing Date, the Directing Holder is Prima Capital Advisors LLC.

 

(b)           The Directing Holder shall be selected by the Majority Controlling Class Certificateholders, as determined by the Certificate
Registrar from time to time. Each Holder of the Certificates of the Controlling Class shall be entitled to vote in each election
of the Directing Holder. Notwithstanding anything to the contrary herein, the (x) Directing Holder cannot be any Borrower Related
Party, any Manager or any of their servicers or respective agents or Affiliates and (y) for purposes of determining the Majority
Controlling Class Certificateholders and/or appointing the Directing Holder, any Borrower Related Party, any Manager or any of
their servicers or respective agents or Affiliates shall be deemed not to be a Certificateholder and shall not be entitled to
exercise such right. Notwithstanding anything to the contrary herein, each of the Trustee and the Certificate Administrator may
conclusively rely on any Investor Certification provided to it in connection with the foregoing and may require that Investor
Certifications are resubmitted from time to time in accordance with its policies and procedures.

 

(c)           The Majority Controlling Class Certificateholders shall give written notice to the Trustee, the Certificate Administrator, the
Servicer and the Special Servicer of the appointment of the initial and any subsequent Directing Holder (in order to receive notices
hereunder). Any Controlling Class Certificateholder that owns, and is identified (with contact information) to the Servicer, the
Special Servicer, the Trustee and the Certificate Administrator as owning, the largest aggregate Certificate Balance of Certificates
of the Controlling Class, shall give written notice to the Trustee, the Certificate Administrator, the Servicer and the Special
Servicer of the appointment of a Directing Holder (if any) (in order to receive notices hereunder) by such Controlling Class Certificateholder
for so long as such Controlling Class Certificateholder owns the largest aggregate Certificate Balance of the Controlling Class
and shall also state that such Directing Holder is not a Borrower or Borrower Related Party.

 

(d)          The Directing Holder may be removed at any time by the written vote of the Majority Controlling Class Certificateholders, and
a copy of the results of such vote shall be delivered to the Certificate Administrator, the Trustee, the Servicer and the Special
Servicer.

 

(e)           Each Controlling Class Certificateholder is hereby deemed to have agreed by virtue of its purchase of a Certificate to provide
its name and address to the Certificate Administrator and the Trustee and to notify the Certificate Administrator and all the
parties hereto of the selection of a Directing Holder or the resignation or removal thereof. Any Certificateholder or its designee
at any time appointed Directing Holder is hereby deemed to have agreed by virtue of its purchase of a Certificate to notify the
Certificate Administrator, the

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Trustee,
the Special Servicer and the Servicer of the identity of the Directing Holder and any resignation or removal thereof when such
Certificateholder or its designee is appointed Directing Holder and when it is removed or resigns. In addition, upon the request
of the Servicer or the Special Servicer, as applicable, the Certificate Administrator shall provide the name of the then-current
Directing Holder and a list of the Certificateholders (or Beneficial Owners, if applicable, at the expense of the requesting party)
of the Controlling Class to such requesting party. In addition, (i) any Holder owning more than fifty percent (50%) of the applicable
Controlling Class (by Certificate Balance) is hereby deemed to have agreed by virtue of its purchase of a Certificate to notify
the Trustee and the Certificate Administrator when it no longer holds the majority of the Controlling Class Certificates (by Certificate
Balance), and (ii) each of the Holders of the Controlling Class Certificates who collectively own more than fifty percent (50%)
of the applicable Controlling Class (by Certificate Balance) is hereby deemed to have agreed by virtue of its purchase of a Certificate
to notify the Trustee and the Certificate Administrator when it transfers its Controlling Class Certificate (or its beneficial
interest in the Controlling Class Certificates) and, as a result of such transfer, such Holders who collectively appointed the
Directing Holder no longer collectively own more than the applicable percentage of the Controlling Class Certificates (by Certificate
Balance) set forth above, provided in no event with respect to either clause (i) or (ii) shall any Controlling
Class Certificateholder have any liability to any Person for the failure to provide any such notices.

 

(f)            Once a Directing Holder has been selected, each of the Servicer, the Special Servicer, the Depositor, the Certificate Administrator,
the Trustee and each other Certificateholder (or Beneficial Owner, if applicable) shall be entitled to rely on such selection
unless, the Majority Controlling Class Certificateholders shall have notified each other party to this Agreement and each other
Certificateholder of the Controlling Class, in writing, of the resignation of such Directing Holder or the appointment of a new
Directing Holder.

 

(g)          Until it receives notice to the contrary, each party to this Agreement shall be entitled to rely on the most recent notification
with respect to the identity of the Certificateholders of the Controlling Class and the Directing Holder.

 

(h)          The Directing Holder shall be responsible for its own expenses.

 

Notwithstanding
any other provision to this Agreement, in the event that no Controlling Class Certificateholder, Directing Holder or no Risk Retention
Consultation Party has been appointed or identified to the Servicer or the Special Servicer, as applicable, and the Servicer or
Special Servicer, as applicable, has attempted to obtain such information from the Certificate Administrator and no such entity
has been identified to the Servicer or the Special Servicer, as applicable, then the Servicer or the Special Servicer, as applicable,
shall have no duty to consult with, provide notice to, or seek the approval or consent of any such Controlling Class Certificateholder,
Directing Holder or Risk Retention Consultation Party as the case may be until such time as a Directing Holder or Risk Retention
Consultation Party meeting the definition thereof is so appointed or identified. Upon request, the Certificate Administrator shall
provide such information as is then in its possession to identify the Directing Holder or Risk Retention Consultation Party to
the Servicer and the Special Servicer.

 

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9.2.          Limitation on Liability of Directing Holder; Acknowledgements of the Certificateholders.

 

Neither
the Controlling Class nor the Directing Holder shall have any liability to the Trust, the Certificateholders or the VRR Interest
Owner for any action taken, or for refraining from the taking of any action, or for errors in judgment.

 

By
its acceptance of a Certificate, each Certificateholder acknowledges and agrees and each VRR Interest Owner acknowledges and agrees
that the Directing Holder and/or the Controlling Class Certificateholders (i) may have special relationships and interests that
conflict with those of Holders of one or more Classes of the Certificates, including owning securities backed by the Companion
Loans or any interest in the Companion Loans, (ii) may act solely in the interests of the Holders of the Controlling Class,
including the Directing Holder, (iii) does not have any duties or liability to the Trust or to the Holders of any Class of
Certificates or the VRR Interest Owner, (iv) may take actions that favor the interests of one or more Classes of the Certificates,
including the Holders of the Controlling Class, over the interests of the Holders of one or more other Classes of the Certificates
or the VRR Interest Owner, and (v) shall have no liability whatsoever to the Trust, any other party to this Agreement, any Certificateholder,
the VRR Interest Owner or any other Person (including any Borrower Related Party) for having so acted as set forth in clauses
(i) through (iv) above, and no Certificateholder or the VRR Interest Owner may take any action whatsoever against the
Directing Holder, the Controlling Class Certificateholders or any director, officer, employee, partner, member, shareholder, agent
or principal of the Directing Holder or the Controlling Class Certificateholders, as applicable, as a result of the Directing
Holder or the Controlling Class Certificateholders having so acted.

 

9.3.         Rights and Powers of the Directing Holder.

 

(a)           Notwithstanding anything herein to the contrary, except as set forth in, and in any event subject to, Section 3.24(d),
Section 9.3(b), Section 9.3(c) and the second (2nd) and third (3rd) paragraphs of this Section 9.3(a), (i)
the Servicer shall not be permitted to take any of the actions constituting a Major Decision unless it has obtained the consent
of the Special Servicer which consent shall be deemed given if the Special Servicer does not object within fifteen (15) Business
Days (after delivery of a written recommendation and analysis to the Special Servicer and information reasonably requested by
the Special Servicer) unless such actions are part of an Asset Status Report approved by the Directing Holder under Section
3.10(i) or is otherwise implemented by the Special Servicer in accordance with the terms of this Agreement and (ii) prior
to the occurrence and continuance of a Control Termination Event, the Special Servicer shall not be permitted to (A) consent to
the Servicer’s taking any of the actions constituting a Major Decision, or (B) itself take any of the actions constituting
a Major Decision, but subject to Section 3.10(i) if, in either case, the Directing Holder has objected to the action in
writing within ten (10) Business Days after receipt of a written report by the Special Servicer describing in reasonable detail
(i) the background and circumstances requiring action of the Special Servicer, (ii) the proposed course of action recommended,
and (iii) any direct or indirect conflict of interest in the action (provided that if such written objection has not been
received by the Special Servicer within such ten (10) Business Day period, then the Directing Holder shall be deemed to have approved
such action). In the event that the Special Servicer or Servicer, as

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applicable,
determines that immediate action, with respect to a Major Decision, or any other matter requiring consent of the Directing Holder
prior to the occurrence and continuance of a Control Termination Event under this Agreement (or consultation with the Directing
Holder after the occurrence and during the continuance of a Control Termination Event, but prior to the occurrence of a Consultation
Termination Event), is necessary to protect the interests of the Certificateholders and the VRR Interest Owner, the Special Servicer
or Servicer, as the case may be, may take any such action without waiting for the Directing Holder’s response (or without
such consultation) so long as the Servicer or the Special Servicer, as applicable, has made a reasonable effort to contact the
Directing Holder to inform it of such need. The Special Servicer is not required to obtain the consent of the Directing Holder
for any Major Decision upon the occurrence and during the continuance of a Control Termination Event; provided, however,
that after the occurrence and during the continuance of a Control Termination Event but prior to the occurrence of a Consultation
Termination Event, the Special Servicer shall not be required to obtain the consent of the Directing Holder but shall consult
with the Directing Holder on a non-binding basis in connection with any Major Decision (and such other matters that are subject
to consent, approval, direction or consultation rights of the Directing Holder hereunder) and to consider alternative actions
recommended by the Directing Holder in respect of such matters. With respect to any action requiring the Directing Holder’s
consent, if the Directing Holder does not respond to a request for its consent within ten (10) Business Days (or such other length
of time as specified in this Agreement with respect to any particular action requiring consent), such consent will be deemed to
have been given. In the event that no Directing Holder has been appointed or identified to the Servicer or the Special Servicer,
as applicable, and the Servicer or Special Servicer, as applicable, has attempted to obtain such information from the Certificate
Administrator and no such entity has been identified to the Servicer or the Special Servicer, as applicable, then until such time
as the new Directing Holder is identified, the Servicer or the Special Servicer, as applicable, shall have no duty to consult
with, provide notice to, or seek the approval or consent of any such Directing Holder as the case may be.

 

In
addition, for so long as no Control Termination Event has occurred and is continuing, subject to Section 9.3(b), Section
9.3(c) and the immediately following paragraph, the Directing Holder may direct the Special Servicer to take, or to refrain
from taking, such other actions with respect to the Mortgage Loan as the Directing Holder may reasonably deem advisable. With
respect to any action requiring the consent of the Directing Holder hereunder, to the extent the Directing Holder does not respond
to request for consent within 10 Business Days, consent shall be deemed given.

 

If
the Special Servicer or Servicer, as applicable, determines that a refusal to consent by the Directing Holder or any objection,
consultation or direction or advice from the Directing Holder, the Controlling Class Certificateholders, a Risk Retention Consultation
Party or any other Person would (A) otherwise require or cause the Special Servicer or Servicer, as applicable, to violate the
terms of the Mortgage Loan Documents, the Co-Lender Agreement, applicable law, provisions of the Code resulting in an Adverse
REMIC Event or this Agreement, (including without limitation, actions inconsistent with Accepted Servicing Practices), (B) expose
any Certificateholder, VRR Interest owner, the Servicer, the Special Servicer, the Certificate Administrator, the Trustee or the
Trust or their respective Affiliates, officers, directors or agent to any claim, suit or liability, (C) result in the imposition
of a tax upon the Trust (other than a tax on “net income from foreclosure property”) or loss of REMIC status or

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(D)
materially expand the scope of the Special Servicer’s, the Servicer’s, the Trustee’s or the Certificate Administrator’s
responsibilities hereunder, then the Special Servicer or Servicer, as applicable, shall disregard such refusal to consent, direction
or advice and notify the Directing Holder, each Risk Retention Consultation Party the Trustee, the Certificate Administrator and
the 17g-5 Information Provider of its determination, including a reasonably detailed explanation of the basis therefor. The taking
of, or refraining from taking, any action by the Servicer or Special Servicer in accordance with the direction of or approval
of the Directing Holder or any Risk Retention Consultation Party that does not violate the Mortgage Loan Documents, the Co-Lender
Agreement, this Agreement, any applicable law, provisions of the Code resulting in an Adverse REMIC Event or Accepted Servicing
Practices or any other provisions of this Agreement, shall not result in any liability on the part of the Servicer or the Special
Servicer.

 

(b)          Notwithstanding anything to the contrary contained herein, but subject to the third paragraph of Section 9.3(a) (i) after
the occurrence and during the continuance of a Control Termination Event, the Directing Holder shall have no right to consent
to or direct any action taken or not taken by any party to this Agreement; (ii) after the occurrence and during the continuance
of a Control Termination Event but so long as no Consultation Termination Event is continuing, the Directing Holder shall remain
entitled to receive any notices, reports or information to which it is entitled pursuant to this Agreement, and the Servicer,
Special Servicer and any other applicable party shall consult with the Directing Holder in connection with any action to be taken
or refrained from taking to the extent set forth herein; and (iii) during the continuance of a Consultation Termination Event,
the Directing Holder shall have no direction, consultation or consent rights hereunder and no right to receive any notices, reports
or information (other than notices, reports or information required to be delivered to all Certificateholders) or any other rights
as Directing Holder, and the Controlling Class will not be entitled to appoint a Directing Holder. For the avoidance of doubt,
if a Control Termination Event with respect to the Controlling Class has occurred and is continuing but no Consultation Termination
Event has occurred, subject to Section 9.3(c), the Controlling Class shall continue to be the Controlling Class solely
for purposes of enabling the Directing Holder to exercise the rights described in clause (ii) of this paragraph.

 

If
a Control Termination Event no longer exists, then the Directing Holder shall regain all the consent and direction rights of the
Directing Holder set forth in this Agreement and the Controlling Class shall regain the right to appoint a Directing Holder as
set forth in this Agreement.

 

In
connection with the Directing Holder’s right to consent or consult with respect to a Major Decision, as applicable, if the
Servicer or Special Servicer determines that action is necessary to protect the Property or the interests of the Certificateholders
from potential harm if such action is not taken, or if a failure to take any such action at such time would be inconsistent with
Accepted Servicing Practices, the Servicer or Special Servicer may take actions with respect to the Property before the expiration
of the applicable period for the Directing Holder to respond as described in this section, if the Servicer or Special Servicer
reasonably determines in accordance with Accepted Servicing Practices that failure to take such actions before the expiration
of such period would materially adversely affect the interest of the Certificateholders, and the Special Servicer has made a reasonable
effort to contact the Directing Holder.

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After
the occurrence and during the continuance of a Consultation Termination Event, the Directing Holder shall have no consultation
or consent rights hereunder and shall have no right to receive any notices, reports or information (other than notices, reports
or information required to be delivered to all Certificateholders) or any other rights as Directing Holder. However, the Directing
Holder shall maintain the right to exercise its Voting Rights for the same purposes as any other Certificateholder.

 

(c)           For purposes of determining the Directing Holder, exercising any rights of the Controlling Class or receiving Asset Status Reports
or any other information under this Agreement other than Distribution Date Statements, any holder of any interest in a Controlling
Class Certificate who is a Borrower Related Party, the Manager or an agent or Affiliate of the foregoing shall not be deemed to
be a Holder or Beneficial Owner of the Controlling Class and shall not be entitled to exercise such rights or receive such information.
If, as a result of the preceding sentence, no Holder or Beneficial Owner of Controlling Class Certificates would be eligible to
exercise such rights, there will be no Controlling Class.

 

(d)           The Certificate Administrator shall, within five (5) Business Days after its determination that a Control Termination Event or
a Consultation Termination Event has occurred or ceased to exist, post a “special notice” of such occurrence or cessation
of a Control Termination Event or Consultation Termination Event on the Certificate Administrator’s Website.

 

(e)           For so long as no Consultation Termination Event has occurred and is continuing, the Special Servicer shall provide notice to
the Directing Holder of any annual meeting with the Borrower and the Manager pursuant to the Mortgage Loan Documents, consult
with the Directing Holder regarding an agenda for such meeting, and invite the Directing Holder to attend such meeting (which
invitation the Directing Holder may accept or decline in its discretion). The Special Servicer shall provide advance notice to
the Borrower and the Manager that the Directing Holder has no authority to act on behalf of the holder of the Trust Loan.

 

(f)            For so long as no Consultation Termination Event has occurred, the Special Servicer shall provide notice to the Directing Holder
of any material notices that the Special Servicer has received under or related to any franchise agreement, management agreement,
comfort letter, subordination, non-disturbance and attornment agreement, recognition agreement or similar agreement and the Special
Servicer is required to consult with the Directing Holder with respect to the contents of such notices.

 

9.4.          Directing Holder Contact with Servicer and Special Servicer.

 

Upon
reasonable request, each of the Servicer and the Special Servicer shall, without charge, make a Servicing Officer available to
answer questions from the Directing Holder (prior to the occurrence and continuance of a Control Termination Event) regarding
the performance and servicing of the Trust Loan (or, in the case of the Special Servicer, the Special Servicer’s operational
activities on a platform level basis related to the servicing of the Trust Loan after a Special Servicing Loan Event and the servicing
of the Foreclosed Property) for which the Servicer or the Special Servicer, as the case may be, is responsible.

 

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Notwithstanding
any provision of this Agreement to the contrary, the failure of the Servicer or the Special Servicer to disclose any information
otherwise required to be disclosed by it pursuant to this Agreement shall not constitute a breach of this Agreement if the Servicer
or the Special Servicer, as applicable, determines, in its reasonable and good faith judgment and consistent with Accepted Servicing
Practices, that such disclosure would constitute a waiver of the attorney-client privilege on behalf of the Trust or the Trust
Fund or otherwise materially harm the Trust or the Trust Fund.

 

9.5.          The Risk Retention Consultation Parties.

 

(a)           The Special Servicer shall consult, solely on a non-binding basis (and consider alternative actions recommended by such party)
with each Risk Retention Consultation Party with respect to any Major Decision in the same manner as set forth in Section 9.4
with respect to the consultation rights of the Directing Holder after the occurrence and during the continuance of a Control
Termination Event and prior to the occurrence and continuance of a Consultation Termination Event. In the event the Special Servicer
receives no response from a Risk Retention Consultation Party within ten (10) days following the later of (i) the Special Servicer’s
written request for input on any requested consultation and (ii) delivery of all such additional information reasonably requested
by such Risk Retention Consultation Party related to the subject matter of such consultation, the Special Servicer shall not be
obligated to consult with such Risk Retention Consultation Party solely with respect to the specific matter.

 

(b)           If a Risk Retention Consultation Party is a Borrower Related Party, then the Special Servicer shall have no obligation to consult
with such Risk Retention Consultation Party and such Risk Retention Consultation Party shall have no consultation rights as set
forth in this Agreement.

 

(c)           Barclays Bank and BMO shall be the initial Risk Retention Consultation Parties and shall remain so until a successor is appointed
pursuant to the terms of this Agreement. Upon the resignation or removal of any Risk Retention Consultation Party, any successor
Risk Retention Consultation Party shall deliver to the parties to this Agreement a certification substantially in the form of
Exhibit K-3 to this Agreement prior to being recognized as a new Risk Retention Consultation Party. The parties hereto
shall be entitled to assume that a Risk Retention Consultation Party has not changed absent such notice. A Risk Retention Consultation
Party may not be a Borrower Related Party.

 

(d)           Once a Risk Retention Consultation Party has been selected, each of the Servicer, the Special Servicer, the Depositor, the Trustee,
the Certificate Administrator, each Certificateholder (or Beneficial Owner, if applicable) and each other VRR ABS Interest Owner
shall be entitled to rely on such selection unless Barclays Bank (in the case of the Risk Retention Consultation Party for the
Class VRRC Certificates) or BMO (in the case of the Risk Retention Consultation Party for the VRR Interest) or such Risk Retention
Consultation Party itself shall have notified the Servicer, the Special Servicer, the Trustee, the Certificate Administrator and
each other VRR ABS Interest Owner, in writing, of the selection of such new Risk Retention Consultation Party.

 

(e)           In the event that no Risk Retention Consultation Party has been appointed or identified to the Servicer or the Special Servicer,
as applicable, and the Servicer or the Special

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Servicer,
as applicable, has attempted to obtain such information from the Certificate Administrator and no such entity has been identified
to the Servicer or the Special Servicer, as applicable, then until such time as the related new Risk Retention Consultation Party
is identified, the Servicer or the Special Servicer, as applicable, shall have no duty to consult with, provide notice to, or
seek the approval or consent of any such Risk Retention Consultation Party as the case may be.

 

(f)            No Risk Retention Consultation Party will have any liability to the Trust, the Certificateholders or any VRR ABS Interest Owner
(other than the VRR ABS Interest Owner that appointed it) other than for having acted in accordance with or as permitted by this
Agreement.

 

Each
Certificateholder and the VRR Interest Owner acknowledges and agrees, by its acceptance of its Certificates or the VRR Interest,
as applicable, that each Risk Retention Consultation Party: (i) may have special relationships and interests that conflict
with those of Holders of one or more Classes of Certificates or VRR ABS Interest Owners other than the applicable VRR ABS Interest
Owner; (ii) may act solely in the interests of the applicable VRR ABS Interest Owner; (iii) does not have any liability
or duties to the Holders of any Class of Certificates or any VRR ABS Interest Owner other than the applicable VRR ABS Interest
Owner; (iv) may take actions that favor the interests of the Holders of one or more Classes or the applicable VRR ABS Interest
Owner over the interests of the Holders of one or more other Classes of Certificates or other VRR ABS Interest Owner; and (v) shall
have no liability whatsoever (other than to the applicable VRR ABS Interest Owner) for having so acted as set forth in clauses (i)
through (iv) above, and no Certificateholder or other VRR ABS Interest Owner may take any action whatsoever against
any Risk Retention Consultation Party or any director, officer, employee, agent or principal of such Risk Retention Consultation
Party for having so acted.

 

10.           TERMINATION

 

10.1.       
Termination. (a)  The respective obligations and responsibilities of the Servicer, the Special Servicer, the
Depositor, the Certificate Administrator and the Trustee created hereby (other than the obligation to make certain payments to
the Companion Loan Holders and the obligation of the Certificate Administrator to make certain payments to Certificateholders
and the VRR Interest Owner after the final Distribution Date to the extent set forth in this Agreement and other than the obligation
of the Certificate Administrator to file final tax returns for the Upper-Tier REMIC and the Lower-Tier REMIC, to maintain books
and records of the Trust Fund for such period of time as it maintains its own books and records, and the indemnification rights
and obligations of the parties hereto) shall terminate upon the last action required to be taken by the Certificate Administrator
on the final Distribution Date pursuant to this Article 10 following the later of (i) the final payment on the Certificates
and the Uncertificated Lower-Tier Interests or (ii) the liquidation of the Trust Loan (including, without limitation, the sale
of the Trust Loan pursuant to a intercreditor agreement or this Agreement, as applicable) or the liquidation or abandonment of
the Property and all other Collateral for the Trust Loan, provided, however, that in no event shall the Trust continue
beyond the expiration of twenty-one (21) years from the death of the last survivor of the descendants of Joseph P. Kennedy, the
late United States Ambassador to the Court of St. James’s, living on the date

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hereof.
Upon the termination of this Trust pursuant to a final payment on the Certificates, the Custodian shall deliver the balance of
the Mortgage File to the Servicer.

 

(b)           On the final Distribution Date, all amounts on deposit in the Collection Account and not otherwise payable to a Person other than
the Certificateholders or the VRR Interest Owner, shall be applied generally as described in Section 4.1.

 

(c)           Notice of any termination, specifying the final Distribution Date (which shall be a date that would otherwise be a Distribution
Date) upon which the Certificateholders of any Class may surrender their Certificates to the Certificate Administrator for payment
of the final distribution and cancellation, shall be given promptly by the Certificate Administrator by letter to Certificateholders
mailed as soon as practicable specifying (A) the final Distribution Date upon which final payment of the Certificates shall
be made upon presentation and surrender of Certificates at the office or agency of the Certificate Administrator therein designated,
(B) the amount of any such final payment and (C) that the Record Date otherwise applicable to such Distribution Date
is not applicable, payments being made only upon presentation and surrender of the Certificates at the office or agency of the
Certificate Administrator therein specified.

 

10.2.       
Additional Termination Requirements. In connection with any termination pursuant to Section 10.1 other than
final payment on the Trust Loan, the Trust Fund shall be terminated in accordance with the following additional requirements,
unless the Certificate Administrator has obtained at the expense of the Trust, an Opinion of Counsel that any other manner of
terminating either the Lower-Tier REMIC or the Upper-Tier REMIC will not subject the Trust Fund, the Lower-Tier REMIC or the Upper-Tier
REMIC to federal income tax:

 

(i)            Within eighty-nine (89) days prior to the final Distribution Date, the Certificate Administrator shall designate the first day
of the 90-day liquidation period of the Lower-Tier REMIC and the Upper-Tier REMIC which shall be specified in a notice from the
Certificate Administrator to the Certificateholders and the VRR Interest Owner as soon as practicable prior to such final Distribution
Date, and shall specify such date in the final tax return of each such Trust REMIC;

 

(ii)           At or after the time of adoption of such plan of complete liquidation and at or prior to the final scheduled Distribution Date,
the Servicer shall sell any remaining assets (other than cash) of the Trust Fund and credit the proceeds thereof to the Trust
Fund; and

 

(iii)          At or after such time as the proceeds from the disposition of the remaining assets of the Trust Fund shall have been credited
to the Trust Fund, the Certificate Administrator shall cause all remaining amounts held (A) as part of the Lower-Tier REMIC
to be distributed to the Certificate Administrator as holder of the Uncertificated Lower-Tier Interests and to the Holders of
the Class R Certificates (in respect of the Class LT-R Interest) in accordance with Section 4.1(b) and (B) as
part of the Upper-Tier REMIC to be distributed to the Holders of the Regular Certificates, the VRR Interest and the Class R
Certificates (in respect of the Class UT-R Interest) in accordance with Section 4.1(a) and Section 4.1(g).

    -216-

     

    

 

10.3.       
Trusts Irrevocable. Except as expressly provided herein, all trusts created hereby are irrevocable.

 

11.           MISCELLANEOUS PROVISIONS

 

11.1.       
Amendment. (a)  This Agreement may be amended from time to time by the parties hereto, without the consent of
any of the Certificateholders or the Companion Loan Holders:

 

(i)            to correct any inconsistency, defect or ambiguity in this Agreement or to correct any manifest error in any provision of this
Agreement;

 

(ii)           to cause the provisions in this Agreement to conform or be consistent with or in furtherance of the statements made in the Offering
Circular with respect to the Certificates, the VRR Interest, the Trust or this Agreement or to correct or supplement any of the
provisions of this Agreement which may be inconsistent with any other provisions in this Agreement or to correct any error; provided
that such amendment or supplement would not adversely affect in any material respect the interests of the Companion Loan Holders
not consenting thereto, as evidenced by (x) an Opinion of Counsel or (y) if any securities backed by any Companion Loan is then
rated, receipt of a Rating Agency Confirmation;

 

(iii)          to change the timing and/or nature of deposits in the Collection Account, the Distribution Account or the Foreclosed Property
Account, provided that (A) the Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (B) the change would not adversely affect in any material respect the interests of any Certificateholder (including,
for the avoidance of doubt, any holder of a Class VRRC Certificate), the VRR Interest Owner or the Companion Loan Holders not
consenting thereto, as evidenced by (1) an Opinion of Counsel (at the expense of the party requesting the amendment or at the
expense of the Trust if the requesting party is the Trustee or the Certificate Administrator) or (2) if the related Class of Certificates
or Companion Loan Securities is rated by a Rating Agency or a Companion Loan Rating Agency, as applicable, Rating Agency Confirmation
or Companion Loan Rating Agency Confirmation, as applicable, is obtained;

 

(iv)         to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification of either the Lower-Tier
REMIC or the Upper-Tier REMIC as a REMIC or the Grantor Trust as a grantor trust at all times that any Certificate or VRR Interest
is outstanding, or to avoid or minimize the risk of imposition of any tax on the Lower-Tier REMIC or the Upper-Tier REMIC or the
Grantor Trust that would be a claim against the Lower-Tier REMIC, the Upper-Tier REMIC or the Grantor Trust; provided that
the Trustee and the Certificate Administrator received an Opinion of Counsel (at the expense of the party requesting the amendment
or if the requesting party is the Certificate Administrator or the Trustee, at the expense of the Trust) to the effect that (1)
the action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of imposition of any such
tax and (2) the action will not adversely affect in any material respect the interests of any Holder of the

    -217-

     

    

Certificates
(including, for the avoidance of doubt, any holder of a Class VRRC Certificate), the VRR Interest Owner or the Companion Loan
Holders or (B) to the extent necessary for the Trust or any Other Securitization Trust to comply with the Investment Company Act
of 1940, as amended, the Trust Indenture Act of 1939, as amended, the Exchange Act, Regulation AB, and/or any related regulatory
actions and/or interpretations;

 

(v)           to modify, eliminate or add to any of its provisions to restrict (or to remove any existing restrictions with respect to) the
transfer of the Class R Certificates; provided that the Depositor has determined that the amendment will not give rise
to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee; provided, further,
that the Depositor may conclusively rely upon an Opinion of Counsel to such effect;

 

(vi)          to make any other provisions with respect to matters or questions arising under this Agreement or any other change, provided
that the required action shall not adversely affect in any material respect the interests of any Certificateholder (including,
for the avoidance of doubt, any holder of a Class VRRC Certificate), the VRR Interest Owner or the Companion Loan Holders not
consenting thereto, as evidenced by an Opinion of Counsel or a Rating Agency Confirmation; provided, further, prior
to the occurrence of a Consultation Termination Event, any amendment pursuant to this clause (vi) that would adversely
affect the rights of the Controlling Class Certificateholder or the Directing Holder shall be subject to the consent of such affected
party or parties;

 

(vii)         to amend or supplement any provision of this Agreement to the extent necessary to maintain the then-current ratings assigned to
each Class of Certificates by each Rating Agency, as evidenced by Rating Agency Confirmation; provided, that any amendment
or supplement pursuant to this clause (vii) would not adversely affect in any material respect the interests of any Certificateholder,
VRR Interest Owner or Companion Loan Holder not consenting thereto, as evidenced by Rating Agency Confirmation from each Rating
Agency;

 

(viii)        to modify the provisions of this Agreement with respect to reimbursement of Nonrecoverable Advances if (A) the Depositor, the
Servicer, the Certificate Administrator and the Trustee, determine that the commercial mortgage backed securities industry standard
for such provisions has changed, in order to conform to such industry standard, (B) such modification does not cause the Upper-Tier
REMIC or the Lower-Tier REMIC to fail to qualify as a REMIC or the Grantor Trust to fail to qualify as a “grantor trust”,
as evidenced by an Opinion of Counsel (at the expense of the party requesting the amendment or at the expense of the Trust if
the Trustee or the Certificate Administrator is the requesting party) and (C) Rating Agency Confirmation is obtained; provided,
that prior to the occurrence of a Consultation Termination Event, any amendment pursuant to this clause (viii) that would
adversely affect the rights of the Controlling Class Certificateholder or the Directing Holder will be subject to the consent
of such affected party or parties;

 

    -218-

     

    

(ix)          to modify the procedures of this Agreement relating to compliance with Rule 17g-5 of the Exchange Act; provided that
such amendment does not materially increase the responsibilities of any of the Servicer, the Special Servicer, the Certificate
Administrator, the 17g-5 Information Provider or the Trustee, unless such party consents thereto; provided, further
that such amendment shall not adversely affect in any material respects the interests of any Certificateholders or the Companion
Loan Holders, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate or Companion Loan Security is then
rated, receipt of Rating Agency Confirmation from each Rating Agency rating such Certificates or Companion Loan Securities;

 

(x)           to modify, eliminate or add to any of its provisions in the event the Credit Risk Retention Rules or any other regulations applicable
to the risk retention requirements for this securitization transaction are amended or repealed, to the extent required to comply
with any such amendment or to modify or eliminate the risk retention requirements in the event of such repeal; provided that
no such modification, elimination or addition may change in any manner the rights or obligations of each Holder of the Risk Retention
Certificates under this Agreement or the related risk retention agreement without the consent of each Holder of the Risk Retention
Certificates; and

 

(xi)          to modify, eliminate or add to any of the provisions of this Agreement to such extent as will be necessary for any Other Securitization
Trust to comply with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii),
(iii) or (iv).

 

No
other amendment to the Trust and Servicing Agreement may be made without the consent of the Companion Loan Holders if such amendment
materially adversely affects the rights of the Companion Loan Holders under this Agreement.

 

Notwithstanding
the foregoing, no such amendment may change in any manner any defined term used in any Trust Loan Purchase Agreement or the obligations
of any Trust Loan Seller under the Trust Loan Purchase Agreement or otherwise or change any rights of any Trust Loan Seller as
a third party beneficiary hereunder, without the consent of such Trust Loan Seller.

 

(b)           Subject to the rights of the Companion Loan Holder to consent to certain amendments to this Agreement under Section 11.1(a),
this Agreement may be amended from time to time by the Depositor, the Servicer, the Special Servicer, the Certificate Administrator
and the Trustee with the written consent of the Holders of Certificates evidencing, in the aggregate, not less than 51% of the
Percentage Interests of each Class of Certificates (including, for the avoidance of doubt, any holder of a Class VRRC Certificate)
adversely affected thereby (as evidenced by an Opinion of Counsel) for the purpose of adding any provisions to or changing in
any manner or eliminating any of the provisions of this Agreement or of modifying in any manner the rights of the Holders of the
Certificates; provided, however, that no such amendment shall (i) reduce in any manner the amount of, or delay
the timing of, payments received on the Trust Loan which are required to be distributed on any Certificate; (ii) alter in
any manner the liens on any Collateral securing payments on the Trust Loan; (iii) alter the obligations of the

    -219-

     

    

Servicer,
or the Trustee to make an Advance or alter the Accepted Servicing Practices set forth herein; (iv) change the percentages
of Voting Rights or Percentage Interests of Certificateholders that are required to consent to any action or inaction under this
Agreement; (v) change in any manner any defined term used in the Trust Loan Purchase Agreement or the obligations of the Trust
Loan Sellers under the Trust Loan Purchase Agreement or otherwise or change any rights of the Trust Loan Sellers as third party
beneficiaries hereunder, without the consent of the Trust Loan Sellers; or (vi) amend this Section 11.1; provided,
further that any amendment that materially and adversely affects the VRR Interest shall not be effective without the consent
of the VRR Interest Owner.

 

It
shall not be necessary for the consent of Certificateholders or the VRR Interest Owner under this Section 11.1 to
approve the particular form of any proposed amendment, but it shall be sufficient if such consent shall approve the substance
thereof. The manner of obtaining such consents and of evidencing the authorization of the execution thereof by Certificateholders
and the VRR Interest Owner shall be subject to such reasonable regulations as the Certificate Administrator may prescribe.

 

Notwithstanding
any contrary provisions of this Agreement, (i) neither the Trustee nor the Certificate Administrator shall consent to any
amendment to this Agreement unless it shall have first been furnished with an Opinion of Counsel to the effect that such amendment
is authorized or permitted hereunder and all conditions to such amendment have been satisfied and (ii) no amendment shall
be made to this Agreement without the Trustee and the Certificate Administrator first receiving in writing an Opinion of Counsel,
at the expense of the party requesting the amendment, that the amendment will not result in the imposition of federal income tax
on the Trust or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC or the Grantor Trust to
fail to qualify as a grantor trust under the Code.

 

Notwithstanding
any contrary provision contained in this Agreement, no amendment to this Agreement may be made that (i) changes in any manner
the rights and/or obligations of the Trust Loan Sellers under this Agreement or under the Trust Loan Purchase Agreement without
the consent of the Trust Loan Sellers, (ii) impairs the rights of an Initial Purchaser hereunder without the written consent of
such Initial Purchaser, (iii) changes any rights or obligations of the VRR Interest Owner, or that materially and adversely affects
the VRR Interest Owner, as a third party beneficiary or otherwise hereunder, without the written consent of the VRR Interest Owner,
and each of the Servicer, Special Servicer, Trustee or Certificate Administrator may, but will not be obligated to, enter into
any amendment to this Agreement that it determines affects its respective rights, duties or immunities or creates any additional
liability for the Servicer, Special Servicer, Trustee or Certificate Administrator, as applicable, under this Agreement.

 

(c)           Promptly after the execution of any amendment to this Agreement, the Certificate Administrator shall post a copy of the same to
the Certificate Administrator’s Website, deliver a copy of the same to the 17g-5 Information Provider who shall post a copy
of the same on the 17g-5 Information Provider’s Website pursuant to Section 8.14(b), and thereafter, the Certificate
Administrator shall furnish written notification of the substance of such

    -220-

     

    

amendment
to each Certificateholder, the VRR Interest Owner, the Trustee, the Depositor, the Servicer, the Special Servicer, the Borrower,
the Initial Purchasers and the Rating Agencies.

 

(d)           In the event that neither the Depositor nor any successor thereto is in existence, any amendment under this Section 11.1
shall be effected with the consent of the Trustee, the Certificate Administrator and the Servicer or Special Servicer, as
applicable, and, to the extent required by this Section 11.1, the required Certificateholders, the VRR Interest Owner,
Companion Loan Holders, Trust Loan Seller and/or Initial Purchaser, as applicable.

 

(e)           The costs and expenses associated with any such amendment, including without limitation, Opinions of Counsel and Rating Agency
Confirmations, shall be borne by the party requesting such amendment (or, if such amendment is required by any of the Rating Agencies
to maintain the rating issued by it or requested by the Trustee or the Certificate Administrator (which do not modify or otherwise
relate solely to the obligations, duties or rights of the Trustee or the Certificate Administrator), then at the expense of the
Depositor and, if neither the Depositor nor any successor thereto is in existence, the Trust Fund).

 

11.2.       
Recordation of Agreement; Counterparts. (a)  This Agreement or an abstract hereof, if acceptable by the applicable
recording office, is subject to recordation in all appropriate public offices for real property records in the county in which
the Property subject to the Mortgage is situated, and in any other appropriate public recording office or elsewhere, such recordation
to be effected by the Trustee or the Certificate Administrator at the expense of the Trust upon its receipt of an Opinion of Counsel
to the effect that such recordation materially and beneficially affects the interests of the Certificateholders or the VRR Interest
Owner of the Trust.

 

(b)          For the purpose of facilitating the recordation of this Agreement as herein provided and for other purposes, this Agreement may
be executed in counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together
shall constitute one and the same instrument, and the words “executed,” “signed,” “signature,”
and words of like import as used above and elsewhere in this Agreement or in any other certificate, agreement or document related
to this transaction shall include, in addition to manually executed signatures, images of manually executed signatures transmitted
by facsimile or other electronic format (including, without limitation, “pdf”) and other electronic signatures (including,
without limitation, any electronic sound, symbol, or process, attached to or logically associated with a contract or other record
and executed or adopted by a person with the intent to sign the record). The use of electronic signatures and electronic records
(including, without limitation, any contract or other record created, generated, sent, communicated, received, or stored by electronic
means) shall be of the same legal effect, validity and enforceability as a manually executed signature or use of a paper-based
record-keeping system to the fullest extent permitted by applicable law, including the Federal Electronic Signatures in Global
and National Commerce Act, the New York State Electronic Signatures and Records Act and any other applicable law, including, without
limitation, any state law based on the Uniform Electronic Transactions Act or the Uniform Commercial Code.

 

11.3.       
Governing Law; Waiver of Trial by Jury; Submission to Jurisdiction. THIS AGREEMENT
AND Any claim, controversy or dispute arising under or related to this AGREEMENT, THE RELATIONSHIP OF THE PARTIES TO THIS

    -221-

     

    

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.
THE PARTIES HERETO INTEND THAT THE PROVISIONS OF SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW SHALL
APPLY TO THIS AGREEMENT.

 

THE
PARTIES HERETO HEREBY WAIVE, TO THE FULLEST EXTENT PERMITTED BY LAW, THE RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM,
WHETHER IN CONTRACT, TORT OR OTHERWISE, RELATING DIRECTLY OR INDIRECTLY TO THIS AGREEMENT OF THE TRANSACTIONS CONTEMPLATED HEREBY.

 

EACH
OF THE PARTIES HERETO IRREVOCABLY (I) SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND THE
FEDERAL COURTS OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK FOR THE PURPOSE OF ANY ACTION OR PROCEEDING
RELATING TO THIS AGREEMENT; (II) WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, THE DEFENSE OF AN INCONVENIENT FORUM IN
ANY ACTION OR PROCEEDING IN ANY SUCH COURT; (III) AGREES THAT A FINAL JUDGMENT IN ANY ACTION OR PROCEEDING IN ANY SUCH COURT
SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN ANY OTHER JURISDICTION BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW;
AND (IV) CONSENTS TO SERVICE OF PROCESS UPON IT BY MAILING A COPY THEREOF BY CERTIFIED MAIL ADDRESSED TO IT AS PROVIDED FOR
NOTICES HEREUNDER.

 

11.4.       
Notices. All demands, notices and communications hereunder shall be in writing, shall be deemed to have been given upon
receipt (except that notices to Holders of any Class of Certificates held in registered, definitive form shall be deemed to have
been given upon being sent by first class mail, postage prepaid) as follows:

 

If
to the Trustee, to:

Wilmington Trust, National Association

1100
North Market Street

Wilmington,
Delaware 19890

Attention: CMBS Trustee – COLEM 2022-HLNE

 

with
a copy to:

Facsimile: (302) 636-4140

E-Mail:
cmbstrustee@wilmingtontrust.com

 

    -222-

     

    

If
to the Certificate Administrator, to:

Computershare Trust Company, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Corporate Trust Services – COLEM 2022-HLNE

 

with
a copy to:

Facsimile: (410) 715-2380

E-mail: trustadministrationgroup@wellsfargo.com and

cts.cmbs.bond.admin@wellsfargo.com

 

or
in the case of surrender, transfer or exchange for all Certificates other than the

Risk
Retention Certificates and the VRR Interest:

Computershare Trust Company, National Association

Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415-0113

Attn: Certificate Transfer Services – COLEM 2022-HLNE

 

or
in the case of a request for release of the Risk Retention Certificates and any transfer of the Risk Retention Certificates or
the VRR Interest during the Risk Retention Period to:

 

Computershare
Trust Company, National Association

9062
Old Annapolis Road

Columbia,
Maryland 21045-1951

Attention:
Risk Retention Custody (CMBS) — COLEM 2022-HLNE

 

with
a copy to:

 

E-mail: riskretentioncustody@wellsfargo.com

 

or
in the case of the Custodian, to:

 

Computershare
Trust Company, National Association

1055 10th Avenue, Southeast

Minneapolis,
Minnesota 55414

Attention: CTS – Document Custody Group COLEM 2022-HLNE

 

with
a copy to:

 

E-mail:
cmbscustody@wellsfargo.com

 

If
to the Depositor, to:

    -223-

     

    

Barclays Commercial Mortgage Securities LLC

745 Seventh Avenue

New York, New York 10019

Attention: Daniel Vinson

Facsimile number: (646) 758-1527

E-mail: daniel.vinson@barcap.com

 

with
a copy to:

Cadwalader, Wickersham & Taft LLP

200 Liberty Street

New York, New York 10281

Attention: Robert Kim

Facsimile number: (212) 504-6666

Email: robert.kim@cwt.com

 

If
to the Servicer or the Special Servicer, to:

KeyBank National Association,

11501 Outlook Street, Suite 300

Overland Park, Kansas 66211

Attention: Michael Tilden (if to the Servicer) or Alan Williams (if to the Special Servicer)

Email: Michael_a_tilden@keybank.com (if to the Servicer) or keybank_notices@keybank.com (if to the Special Servicer)

with a copy to:

Polsinelli

900 West 48th Place, Suite 900

Kansas City, Missouri 64112

Attn: Kraig Kohring

 

If
to Barclays Capital, as an Initial Purchaser, to:

Barclays Capital Inc.

745 Seventh Avenue

New York, New York 10019

Facsimile No.: (646) 758-1700

Attention: Daniel Vinson, Managing Director

Email: daniel.vinson@barclays.com;

 

    -224-

     

    

with
a copy to:

Barclays Capital Inc.

745 Seventh Avenue

New York, New York 10019

Facsimile No.: (212) 412-7519

Attention: Steven Glynn, Legal Department

Email: steven.glynn@barclays.com;

 

with
an additional copy to:

 

Dechert
LLP

Three Bryant Park

New York, New York 10036

Facsimile No: (212) 698-0645

Attention: Laura Swihart

E-mail:  laura.swihart@dechert.com;

 

If
to BMO Capital, as an Initial Purchaser, to:

 

BMO
Capital Markets Corp.

151 West 42nd Street

New York, NY 10036

Attention:
Michael Birajiclian and David Schell

Email:
Michael.Birajiclian@bmo.com and David.Schell@bmo.com

 

With
a copy to:

 

BMO
Capital Markets Corp.

151 West 42nd Street

New York, NY 10036

Attention:
Legal Department,

Email:
BMOCMUSLegal@bmo.com

 

If
to the Directing Holder, to:

 

Prima
Capital Advisors, LLC

2
Overhill Road, Suite 215

Scarsdale,
New York 10583

Attention:
Nilesh Patel

E-mail:
npatel@primaadvisors.com

Facsimile:
(914) 725-9385;

 

If
to any Certificateholder, to:

the address set forth in the Certificate Register

 

    -225-

     

    

If
to the Borrower: at the address therefor set forth in the Mortgage Loan Agreement

 

If
to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s website 17g5informationprovider@wellsfargo.com

 

In
the case of any Companion Loan Holder:

 

The
address set forth in the related Co-Lender Agreement.

 

or,
in the case of the parties to this Agreement, to such other address as such party shall specify by written notice to the other
parties hereto.

 

11.5.       
Notices to the Rating Agencies. Any notices or documents required to be delivered to the Rating Agencies under this Agreement
and any other information regarding the Trust Fund as may be reasonably requested by the Rating Agencies from any party hereto
to the extent such party has or can obtain such information without unreasonable effort or expense shall be delivered to the Rating
Agencies at the addresses set forth below; provided, however, that such other information shall be provided to the
17g-5 Information Provider in accordance with the procedures set forth in Section 8.14(b); provided, further,
that responses, information, reports and communications with respect to any Rating Agency Inquiry conducted or submitted on the
Rating Agency Q&A Forum and Document Request Tool shall not be required to be delivered to the 17g-5 Information Provider.
The 17g-5 Information Provider shall not disclose which Rating Agency has requested such information. Notwithstanding the foregoing,
the failure to deliver such notices or copies shall not constitute a Servicer Termination Event or Special Servicer Termination
Event, as the case may be, under this Agreement. Any confirmation of the rating by the Rating Agencies required hereunder shall
be in writing.

 

Any
notices to the Rating Agencies shall be sent to the following addresses:

 

DBRS,
Inc.

22 West Washington St.

Chicago, Illinois 60602

Attention: CMBS Surveillance

Email: CMBS.surveillance@morningstar.com

 

11.6.       
Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement shall
be for any reason whatsoever held invalid, then, to the extent permitted by applicable law, such covenants, agreements, provisions
or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in
no way affect the validity or enforceability of the other provisions of this Agreement or of the Certificates or the VRR Interest
or the rights of the Holders thereof.

 

11.7.       
Limitation on Rights of Certificateholders and the VRR Interest Owner. The death or incapacity of any Certificateholder
or VRR Interest Owner shall not operate to terminate this Agreement or the Trust Fund, nor entitle such Certificateholder’s
or VRR Interest Owner’s legal representative or heirs to claim an accounting or to take any action or to

    -226-

     

    

commence
any proceeding in any court for a petition or winding up of the Trust Fund, or otherwise affect the rights, obligations and liabilities
of the parties hereto or any of them.

 

No
Certificateholder, solely by virtue of its status as a Certificateholder, shall have any right to vote (except as provided herein)
or in any manner otherwise control the operation and management of the Trust Fund, or the obligations of the parties hereto, nor
shall anything herein set forth or contained in the terms of the Certificates be construed so as to constitute the Certificateholders
from time to time as partners or members of an association; nor shall any Certificateholders be under any liability to any third
party by reason of any action by the parties to this Agreement pursuant to any provision hereof.

 

No
Certificateholder or VRR Interest Owner, solely by virtue of its status as a Certificateholder or VRR Interest Owner, shall have
any right by virtue or by availing itself of any provisions of this Agreement, the Certificates or the VRR Interest to institute
any suit, action or proceeding in equity or at law upon or under or with respect to this Agreement, any Certificate or the VRR
Interest, unless such Holder previously shall have given to the Trustee a written notice of a Servicer Termination Event or Special
Servicer Termination Event, as the case may be, and of the continuance thereof, as herein before provided, and unless the VRR
Interest Owner and Holders of Certificates aggregating more than 50% of the Voting Rights of the Certificates shall also have
made written request upon the Trustee to institute such action, suit or proceeding in its own name as Trustee hereunder and shall
have offered to the Trustee such reasonable indemnity as it may require against the costs, expenses, and liabilities to be incurred
therein or thereby, and the Trustee, for 60 days after its receipt of such notice, request and offer of indemnity, shall have
neglected or refused to institute any such action, suit or proceeding; it being understood and intended, and being expressly covenanted
by each Certificateholder and the VRR Interest Owner with every other Certificateholder, VRR Interest Owner and the Trustee, that
no one or more Holders of Certificates or the VRR Interest Owner shall have any right in any manner whatever by virtue or by availing
itself or themselves of any provisions of this Agreement, the Certificates or the VRR Interest to affect, disturb or prejudice
the rights of the Holders of any other of the Certificates or the VRR Interest Owner, or to obtain or seek to obtain priority
over or preference to any other such Holder or the VRR Interest Owner except as provided herein or therein with respect to entitlement
to payments or to enforce any right under this Agreement, the Certificates or the VRR Interest Owner, except in the manner herein
provided and for the common benefit of all Certificateholders. For the protection and enforcement of the provisions of this Section,
each and every Certificateholder, the VRR Interest Owner and the Trustee shall be entitled to such relief as can be given either
at law or in equity. By virtue of its purchase of a Certificate or acquisition of the VRR Interest, as the case may be, each Certificateholder
and the VRR Interest Owner, as applicable, shall be deemed to have acknowledged that it shall make its own decisions regarding
its rights and protections relevant to the Trust and shall not be relying on the Trustee or any other deal party.

 

11.8.       
Certificates Nonassessable and Fully Paid. The Certificateholders and the VRR Interest Owner shall not be personally liable
for obligations of the Trust Fund, that the interests in the Trust Fund represented by the Certificates and the VRR Interest shall
be nonassessable for any reason whatsoever, and the Certificates, upon due authentication thereof by the Certificate Administrator
pursuant to this Agreement, are and shall be deemed fully paid.

 

    -227-

     

    

11.9.       
Reproduction of Documents. This Agreement and all documents relating thereto, including, without limitation, (i) consents,
waivers and modifications which may hereafter be executed, (ii) documents received by any party at the closing, and (iii) financial
statements, certificates and other information previously or hereafter furnished, may be reproduced by any photographic, photostatic,
microfilm, micro-card, miniature photographic or other similar process. The parties agree that any such reproduction shall be
admissible in evidence as the original itself in any judicial or administrative proceeding, whether or not the original is in
existence and whether or not such reproduction was made by a party in the regular course of business, and that any enlargement,
facsimile or further reproduction of such reproduction shall likewise be admissible in evidence.

 

11.10.   
No Partnership. Nothing herein contained shall be deemed or construed to create a partnership or joint venture between
the parties hereto.

 

11.11.   
Actions of Certificateholders and the VRR Interest Owner. (a)  Any request, demand, authorization, direction,
notice, consent, waiver or other action provided by this Agreement to be given or taken by Certificateholders or the VRR Interest
Owner may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Certificateholders
or the VRR Interest Owner in person or by agent duly appointed in writing; and except as herein otherwise expressly provided,
such action shall become effective when such instrument or instruments are delivered to the Certificate Administrator and, where
required, to the Depositor, the Trustee, the Servicer or the Special Servicer. Proof of execution of any such instrument or of
a writing appointing any such agent shall be sufficient for any purpose of this Agreement and conclusive in favor of the Certificate
Administrator, the Trustee, the Depositor, the Servicer and the Special Servicer if made in the manner provided in this Section.

 

(b)           The fact and date of the execution of any Certificateholder or the VRR Interest Owner of any such instrument or writing may be
proved in any reasonable manner which the Certificate Administrator deems sufficient.

 

(c)           Any request, demand, authorization, direction, notice, consent, waiver, or other act by a Certificateholder shall bind every Holder
of every Certificate issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, in respect of
anything done, or omitted to be done, by the Trustee, the Certificate Administrator, the Depositor, the Servicer or the Special
Servicer in reliance thereon, whether or not notation of such action is made upon such Certificate.

 

(d)           The Certificate Administrator may require additional proof of any matter referred to in this Section as it shall deem reasonably
necessary.

 

11.12.   
Successors and Assigns. The rights and obligations of any party hereto shall not be assigned (except pursuant to Sections 6.2,
6.4, 8.7 or 8.9 hereof) by such party without the prior written consent of the other parties hereto. This
Agreement shall inure to the benefit of and be binding upon the Depositor, the Servicer, the Special Servicer, the Certificate
Administrator and the Trustee and their respective permitted successors and assigns. No Person other than a party to this Agreement,
the Initial Purchasers, any Certificateholder and the VRR

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Interest
Owner shall have any rights with respect to the enforcement of any of the rights or obligations hereunder. Without limiting the
foregoing, the parties to this Agreement specifically agree that (i) the Trust Loan Sellers shall be third-party beneficiaries
of this Agreement with respect to any provisions relating to the Trust Loan Seller, (ii) unless it is a Borrower Related
Party, each Companion Loan Holder shall be a third-party beneficiary of this Agreement with respect to the rights afforded it
under this Agreement, (iii) each Other Depositor and Other Exchange Act Reporting Party shall be third-party beneficiary
of this Agreement with respect to its rights under Article 12, (iv) none of the Borrower Related Parties, the Manager
or other party to the Mortgage Loan is an intended third-party beneficiary of this Agreement (provided that the Borrower shall
be entitled to notices to the extent expressly provided herein) and (v) the VRR Interest Owner shall be a third-party beneficiary
of this Agreement with respect to any provisions relating to such VRR Interest Owner.

 

11.13.   
Acceptance by Authenticating Agent, Certificate Registrar. The Certificate Administrator hereby accepts its appointment
as Authenticating Agent and Certificate Registrar and agrees to perform the obligations required to be performed by it in each
such capacity pursuant to the terms of this Agreement.

 

11.14.   
Streit Act. Any provisions required to be contained in this Agreement by Section 126 and/or Section 130-k or
Article 4-A of the New York Real Property Law are hereby incorporated herein, and such provisions shall be in addition to those
conferred or imposed by this Agreement; provided, however, that to the extent that such Section 126 and/or
130-k shall not have any effect, and if said Section 126 and/or Section 130-k should at any time be repealed or cease
to apply to this Agreement or be construed by judicial decision to be inapplicable, said Section 126 and/or Section 130-k
shall cease to have any further effect upon the provisions of this Agreement. In a case of a conflict between the provisions of
this Agreement and any mandatory provisions of Article 4-A of the New York Real Property Law, such mandatory provisions of said
Article 4-A shall prevail, provided that if said Article 4-A shall not apply to this Agreement, should at any time be repealed,
or cease to apply to this Agreement or be construed by judicial decision to be inapplicable, such mandatory provisions of such
Article 4-A shall cease to have any further effect upon the provisions of this Agreement.

 

11.15.   
Assumption by Trust of Duties and Obligations of the Trust Loan Sellers Under the Mortgage Loan Documents. The Trustee
and the Certificate Administrator on behalf of the Trust as assignee of the Trust Loan and the Servicer and Special Servicer hereby
acknowledge that the Trust assumes all of the rights and obligations of the Trust Loan Sellers as lenders under the Mortgage Loan
Documents and agrees to be bound thereby, and in accordance with the terms thereof.

 

11.16.   
Grant of a Security Interest.

 

The
Depositor intends that the conveyance of the Depositor’s right, title and interest in and to the Trust Loan pursuant to
this Agreement shall constitute a sale and not a pledge of security for a loan. If such conveyance is deemed to be a pledge of
security for a loan, however, the Depositor intends that the rights and obligations of the parties to such loan shall be established
pursuant to the terms of this Agreement. The Depositor also intends and agrees that, in such event, (i) the Depositor shall
be deemed to have granted to the Trustee (in such capacity)

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a
first priority security interest in the Depositor’s entire right, title and interest in and to the assets comprising the
Trust Fund, including without limitation, the Trust Loan, all principal and interest received or receivable with respect to the
Trust Loan (other than payments of interest due and payable on or prior to the Cut-off Date and principal payments received on
or prior to the Cut-off Date), all amounts held from time to time in the Collection Account (subject to the rights of the Companion
Loan Holders with respect to any amounts that are required to be distributed to the Companion Loans pursuant to the Co-Lender
Agreement), the Distribution Accounts, and, if established, the Foreclosed Property Account, and all reinvestment earnings on
such amounts, and all of the Depositor’s right, title and interest in and to the proceeds of any title, hazard or other
insurance policies related to the Trust Loan and (ii) this Agreement shall constitute a security agreement under applicable
law. This Section 11.16 shall constitute notice to the Trustee pursuant to any of the requirements of the applicable
UCC.

 

11.17.   
Cooperation with the Trust Loan Sellers with Respect to Rights Under the Mortgage Loan Agreement. It is expressly agreed
and understood that, notwithstanding the assignment of the Mortgage Loan Documents the rights of the Lender under the Securitization
Cooperation Provisions shall be retained by the Trust Loan Sellers and shall not be part of the Trust Fund. Therefore, the Depositor,
the Servicer, the Special Servicer, the Certificate Administrator and the Trustee hereby agree to cooperate with the Trust Loan
Sellers and the Depositor with respect to the benefits of the Securitization Cooperation Provisions, but no other portion of the
Mortgage Loan Documents, to permit the Trust Loan Sellers, the Depositor and their affiliates to enforce the Securitization Cooperation
Provisions for their respective benefits.

 

11.18.   
Recognition of U.S. Special Resolution Regimes.

 

(a)           In the event a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of this Agreement
(and any interest and obligation in or under, and any property securing, this Agreement) from such Covered Party will be effective
to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this Agreement (and any interest
and obligation in or under, and any property securing, this Agreement) were governed by the laws of the United States or a State
of the United States.

 

(b)           In the event that a Covered Party or any BHC Affiliate of such Covered Party becomes subject to a proceeding under a U.S. Special
Resolution Regime, Default Rights under this Agreement that may be exercised against such Covered Party are permitted to be exercised
to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if this Agreement were
governed by the laws of the United States or a State of the United States.

 

(c)           For the purposes of this Section 11.18 and Section 11.19, the following definitions apply:

 

“BHC
Affiliate” has the meaning assigned to the term “affiliate” in, and shall be interpreted in accordance with,
12 U.S.C. §1841(k).

 

“Covered
Party” means any party to this Agreement that is one of the following: (i) a “covered entity” as that term
is defined in, and interpreted in accordance with, 12 C.F.R.

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§252.82(b);
(ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §47.3(b), or
any subsidiary of such a covered bank to which 12 C.F.R. Part 47 applies in accordance with 12 C.F.R. §47.3(b); or (iii)
a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §382.2(b).

 

“Default
Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§252.81,
47.2 or 382.1, as applicable.

 

“U.S.
Special Resolution Regime” means each of (i) the Federal Deposit Insurance Act and the regulations promulgated thereunder
and (ii) Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations promulgated thereunder.

 

11.19.   
Limitation on the Exercise of Certain Rights Related to Affiliate Insolvency Proceedings.

 

(a)           Notwithstanding anything to the contrary in this Agreement or any other agreement, but subject to the requirements of Section
11.18, no party to this Agreement shall be permitted to exercise any Default Right against a Covered Party with respect to
this Agreement that is related, directly or indirectly, to a BHC Affiliate of such party becoming subject to a receivership, insolvency,
liquidation, resolution, or similar proceeding (each an “Insolvency Proceeding”), except to the extent the
exercise of such Default Right would be permitted under the creditor protection provisions of 12 C.F.R. § 252.84, 12 C.F.R.
§ 47.5, or 12 C.F.R. § 382.4, as applicable.

 

(b)           After a BHC Affiliate of a Covered Party has become subject to Insolvency Proceedings, if any party to this Agreement seeks to
exercise any Default Right against such Covered Party with respect to this Agreement, the party seeking to exercise a Default
Right shall have the burden of proof, by clear and convincing evidence, that the exercise of such Default Right is permitted hereunder.

 

12.           REMIC ADMINISTRATION

 

12.1.       
REMIC Administration. (a)  The parties intend that each of the Lower-Tier REMIC and the Upper-Tier REMIC shall
constitute, and that the affairs of each of the Lower-Tier REMIC and the Upper-Tier REMIC shall be conducted so as to qualify
it as, a REMIC, and the provisions hereof shall be interpreted consistently with this intention.

 

(b)           The Certificate Administrator shall make or cause to be made an election on behalf of each of the Lower-Tier REMIC and the Upper-Tier
REMIC to treat the segregated pool of assets constituting such Trust REMIC as a REMIC under the Code. Each such election shall
be made on IRS Form 1066 or other appropriate federal tax or information return for the taxable year ending on the last day of
the calendar year in which the Certificates are issued.

 

(c)           The Closing Date is hereby designated as the “Startup Day” of each of the Lower-Tier REMIC and the Upper-Tier
REMIC within the meaning of Section 860G(a)(9) of the Code. The “latest possible maturity date” of the Regular
Certificates, the VRR Interest and the Uncertificated Lower-Tier Interests for the purposes of Section 860G(a)(1) of the
Code is the date that is the Rated Final Distribution Date.

 

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(d)           The Certificate Administrator shall prepare or cause to be prepared and timely produced to the Trustee to sign (and the Trustee
shall timely sign) and file or cause to be filed with the IRS, on behalf of each of the Lower-Tier REMIC and the Upper-Tier REMIC,
an application for a taxpayer identification number for such Trust REMIC on IRS Form SS-4 or obtain such number by other permissible
means. Within thirty days of the Closing Date, the Trustee shall sign and the Certificate Administrator shall furnish or cause
to be furnished to the IRS, on IRS Form 8811 or as otherwise may be required by the Code, the name, title and address of the Persons
that Holders of the Certificates and the VRR Interest Owner may contact for tax information relating thereto (and the Certificate
Administrator shall act as the representative of each of the Lower-Tier REMIC and the Upper-Tier REMIC for this purpose), together
with such additional information as may be required by such Form, and shall update such information at the time or times and in
the manner required by the Code (and the Depositor agrees within ten (10) Business Days of the Closing Date to provide any information
reasonably requested by the Servicer or the Certificate Administrator and necessary to make such filing). The Certificate Administrator
shall be responsible for the preparation of the related IRS Form W-9, if such form is requested. The Trustee shall be entitled
to rely on the information contained therein, and is hereby directed to execute such IRS Form W-9; provided, however, the Certificate
Administrator shall also be directed to execute such IRS Form W-9 (in lieu of the Trustee) if permitted by IRS regulations.

 

(e)          The Certificate Administrator shall pay without any right of reimbursement the ordinary and usual expenses in connection with
the preparation, filing and mailing of tax information reports and returns that are incurred by it in the ordinary course of its
business, but extraordinary or unusual expenses, costs or liabilities incurred in connection with its tax-related duties under
this Agreement, including without limitation any expenses, costs or liabilities associated with audits or any administrative or
judicial proceedings with respect to the Lower-Tier REMIC or the Upper-Tier REMIC that involve the IRS or state tax authorities,
shall be reimbursable from the Trust Fund.

 

(f)           The Certificate Administrator shall prepare, or cause to be prepared, timely furnish or cause to be furnished to the Trustee to
sign (and the Trustee shall timely sign), and the Certificate Administrator shall file or cause to be filed all federal, state
and local income or franchise or other tax and information returns for each of the Lower-Tier REMIC and the Upper-Tier REMIC as
the direct representative for such Trust REMIC. Except as provided in Section 12.1(e), the expenses of preparing and
filing such returns shall be borne by the Certificate Administrator. The Depositor shall provide on a timely basis to the Certificate
Administrator or its designee such information with respect to each of the Lower-Tier REMIC and the Upper-Tier REMIC as is in
its possession, and is reasonably requested by the Certificate Administrator to enable it to perform its obligations under this
subsection, and the Certificate Administrator shall be entitled to rely on such information in the performance of its obligations
hereunder.

 

(g)           The Certificate Administrator shall perform on behalf of each of the Lower-Tier REMIC and the Upper-Tier REMIC all reporting and
other tax compliance duties that are the responsibility of such Trust REMIC under the Code, the REMIC Provisions, or other compliance
guidance issued by the IRS or any state or local taxing authority. Among its other duties, the Certificate Administrator shall
provide (i) to the IRS or other Persons (including, but

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not
limited to, the transferor of a Class R Certificate to a Disqualified Organization or to an agent that has acquired a Class R
Certificate on behalf of a Disqualified Organization) such information as is necessary for the application of any tax relating
to the transfer of a Class R Certificate to any Disqualified Organization and (ii) to the Certificateholders and the
VRR Interest Owner such information or reports as are required by the Code or REMIC Provisions. The Depositor shall provide on
a timely basis (and in no event later than 30 days after the Certificate Administrator’s request) to the Certificate Administrator
or its designee such information with respect to each of the Lower-Tier REMIC and the Upper-Tier REMIC as is in its possession
and is reasonably requested in writing by the Certificate Administrator to enable it to perform its obligations under this subsection.

 

(h)           The Certificate Administrator shall be the “partnership representative” within the meaning of Section 6223 of the
Code of the Upper-Tier REMIC and the Lower-Tier REMIC. The Holders of the Class R Certificates, by acceptance of the Class R Certificates,
agree, on behalf of themselves and all successor Holders of such Class R Certificates, to the irrevocable appointment of the Certificate
Administrator as the “partnership representative” for the Upper-Tier REMIC and the Lower-Tier REMIC.

 

(i)            The Certificate Administrator, the Holders of the Class R Certificates, the Servicer and the Special Servicer shall perform
their obligations under this Agreement and the REMIC Provisions in a manner consistent with the status of each of the Lower-Tier
REMIC and the Upper-Tier REMIC as a REMIC.

 

(j)            The Certificate Administrator, any Holder of the Class R Certificates, the Servicer and the Special Servicer shall not take
any action or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to take any action, within their respective control and
the scope of their specific respective duties under this Agreement that, under the REMIC Provisions, could reasonably be expected
to (i) cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC or (ii) unless permitted
under Section 12.2(a), result in the imposition of a tax upon either the Lower-Tier REMIC or the Upper-Tier REMIC
(including but not limited to the tax on prohibited transactions as defined in Code Section 860F(a)(2) and the tax on prohibited
contributions as defined in Code Section 860G(d)) (any such result in clause (i) or (ii), an “Adverse
REMIC Event”) unless (A) the Certificate Administrator and the Servicer have received a Nondisqualification Opinion
(at the expense of the party seeking to take such action or of the Trust Fund if taken for the benefit of the Certificateholders
and the VRR Interest Owner) with respect to such action or (B) the Certificate Administrator and the Servicer have received
an opinion (at the expense of the party seeking to take such action or of the Trust Fund if taken for the benefit of the Certificateholders
and the VRR Interest Owner) to the effect that such action will not cause either the Lower-Tier REMIC or the Upper-Tier REMIC
to fail to qualify as a REMIC and that no tax will actually be imposed.

 

(k)           Any and all federal, state and local taxes imposed on the Upper-Tier REMIC or the Lower-Tier REMIC or its assets or transactions,
including, without limitation, “prohibited transaction” taxes as defined in Section 860F of the Code, and any
tax on contributions imposed by Section 860G(d) of the Code, shall be paid from the Collection Account; provided that
the Servicer, upon two (2) days prior written notice, shall remit from the Collection Account to the Certificate Administrator
the amount of any such tax that the

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Certificate
Administrator notifies the Servicer is due; provided, further, if such taxes shall have been imposed on account
of the willful misconduct, bad faith or negligence of any party hereto, or in connection with the breach of any representation
or warranty made by any party hereto in this Agreement, then such taxes shall be paid by such party.

 

(l)            The Certificate Administrator shall, for federal income tax purposes, maintain books and records with respect to the Lower-Tier
REMIC and the Upper-Tier REMIC on a calendar year and on an accrual basis. Notwithstanding anything to the contrary contained
herein or in the Mortgage Loan Documents (but subject to Section 1.3), all amounts collected on the Trust Loan shall,
for federal income tax purposes, be allocated first to interest due and payable on the Trust Loan (including interest on overdue
interest) other than Default Interest. The books and records must be sufficient concerning the nature and amount of the investments
of the Lower-Tier REMIC and the Upper-Tier REMIC to show that such Trust REMIC has complied with the REMIC Provisions.

 

(m)          None of the Certificate Administrator, the Trustee, the Servicer or the Special Servicer shall enter into any arrangement by which
either the Lower-Tier REMIC or the Upper-Tier REMIC will receive a fee or other compensation for services.

 

(n)          In order to enable the Certificate Administrator to perform its duties as set forth herein, the Depositor shall provide, or cause
to be provided, to the Certificate Administrator within ten (10) days after the Closing Date, all information or data that the
Certificate Administrator reasonably determines to be relevant for tax purposes on the valuations and offering prices of the Certificates,
and the VRR Interest, including, without limitation, the yield, issue prices, pricing prepayment assumption and projected cash
flows of the Regular Certificates and the Class R Certificates, and the VRR Interest, as applicable, and the projected cash
flows on the Trust Loan. Thereafter, the Depositor, the Trustee, the Servicer and the Special Servicer shall provide to the Certificate
Administrator, promptly upon request therefor, any such additional information or data that the Certificate Administrator may,
from time to time, reasonably request in order to enable the Certificate Administrator to perform its duties as set forth herein.
The Certificate Administrator is hereby directed to use any and all such information or data provided by the Trustee, the Depositor,
the Servicer and the Special Servicer in the preparation of all federal, state or local income, franchise or other tax and information
returns and reports for each of the Lower-Tier REMIC and the Upper-Tier REMIC to Certificateholders and the VRR Interest Owner
as required herein. The Depositor hereby indemnifies the Certificate Administrator for any losses, liabilities, damages, claims
or expenses of the Certificate Administrator arising from any errors or miscalculations of the Certificate Administrator pursuant
to this Section 12.1 that result from any failure of the Depositor to provide or to cause to be provided, accurate
information or data to the Certificate Administrator (but not resulting from the methodology employed by the Certificate Administrator)
on a timely basis and such indemnifications shall survive the termination of this Agreement and the termination of the Certificate
Administrator.

 

The
Certificate Administrator agrees that all such information or data so obtained by it shall be regarded as confidential information
and agrees that it shall use its best reasonable efforts to retain in confidence, and shall ensure that its officers, employees
and representatives retain in confidence, and shall not disclose, without the prior written consent of the Depositor,

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any
or all of such information or data, or make any use whatsoever (other than for the purposes contemplated by this Agreement) of
any such information or data without the prior written consent of the Depositor, unless such information is generally available
to the public (other than as a result of a breach of this Section) or is required by law or applicable regulations to be disclosed.

 

The
Certificate Administrator’s authority under this Agreement includes the authority to make, and the Certificate Administrator
is hereby directed to make, any elections allowed under the Code (i) to avoid the application of Code Section 6221 (or
successor provisions) to either the Lower-Tier REMIC or the Upper-Tier REMIC and (ii) to avoid payment by either the Lower-Tier
REMIC or the Upper-Tier REMIC under Code Section 6225 (or successor provisions) of any tax, penalty, interest or other amount
imposed under the Code that would otherwise be imposed on any Holder of a Class R Certificate, past or present. A Holder
of any Class R Certificate agrees, by acquiring such Certificate, to any such elections.

 

12.2.       
Foreclosed Property. (a)  The parties hereto acknowledge and understand that if the Trust Fund were to acquire
the Property as a Foreclosed Property and were to own and operate such Property in a manner consistent with the manner in which
the Property is currently owned and operated by the Borrower, through a Successor Manager, some portion or all of the income derived
in the Lower-Tier REMIC from the Foreclosed Property may be considered “net income from foreclosure property” for
purposes of Section 860G(c) of the Code and subject to tax at normal corporate income tax rates.

 

In
determining whether to acquire and hold the Foreclosed Property, the Special Servicer, acting on behalf of the Trustee hereunder,
shall take these circumstances into account and shall only acquire the Foreclosed Property if it determines, in its reasonable
judgment (after, consultation with counsel, at the expense of the Trust Fund), that either (i) there is a commercially feasible
alternative method of administering the Foreclosed Property that would not result in such tax, e.g., a net lease that results
in Rents from Real Property or (ii) the likely recovery with respect to operating the Foreclosed Property on behalf of the
Trust Fund, after taking into account any such taxes that might be imposed on either the Lower-Tier REMIC or the Upper-Tier REMIC,
will exceed the likely recovery to the Trust Fund if the Trust Fund were to net lease the Foreclosed Property or were not to acquire
and hold the Foreclosed Property. If the Trust Fund acquires the Foreclosed Property, the Special Servicer, acting on behalf of
the Trustee, if the Manager would not be considered an Independent Contractor, shall either renegotiate the applicable Management
Agreement or replace the Manager with a Successor Manager (as appropriate and to the extent permitted under such Management Agreement)
so that the Foreclosed Property would be considered to be operated by an Independent Contractor. If, after making the foregoing
reasonable efforts, the Special Servicer determines that it is in the best interests of Certificateholders and the VRR Interest
Owner on a net after-tax basis to operate the Foreclosed Property in a manner such that the Lower-Tier REMIC or Upper-Tier REMIC
shall receive, based upon an Opinion of Counsel, “net income from foreclosure property” under the REMIC Provisions,
the Special Servicer shall maintain or cause to be maintained such records of income and expense as to enable such amounts to
be computed accurately, and shall pay or retain or cause to be paid or retained from Foreclosure Proceeds such amounts as are
necessary to pay such tax or, to the extent such amounts are insufficient, from the Collection Account pursuant to Section 3.4(c)(vii).

 

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Without
limiting the generality of the foregoing, the Special Servicer shall not, to the extent within its power:

 

(i)            permit the Trust Fund to enter into, renew or extend any New Lease with respect to the Foreclosed Property, if the New Lease by
its terms will give rise to any income that does not constitute Rents from Real Property;

 

(ii)           permit any amount to be received or accrued under any New Lease other than amounts that will constitute Rents from Real Property;

 

(iii)          authorize or permit any construction on the Foreclosed Property, other than the completion of a building or other improvement
thereon, and then only if more than 10% of the construction of such building or other improvements was completed before default
on the Mortgage Loan became imminent, all within the meaning of Section 856(e)(4)(B) of the Code; or

 

(iv)         Directly Operate, other than through an Independent Contractor, or allow any other Person to Directly Operate, other than through
an Independent Contractor, the Foreclosed Property on any date more than ninety (90) days after its acquisition date.

 

(b)          The Special Servicer, acting on behalf of the Trustee hereunder, shall make reasonable efforts to sell the Foreclosed Property
for its fair market value in accordance with Section 3.15. In any event, however, the Special Servicer, acting on
behalf of the Trustee hereunder, shall dispose of the Foreclosed Property prior to the close of the third calendar year following
the year in which the Acquisition Date occurs unless the Special Servicer, on behalf of the Trustee, has received (or has not
been denied) an extension of time (an “Extension”) by the IRS to sell the Foreclosed Property or an opinion
of counsel to the effect that the holding by the Trust of the Foreclosed Property for an additional specified period will neither
result in the imposition of taxes on “prohibited transactions” of the Trust Fund as defined in Section 860F of
the Code, nor cause the Upper-Tier REMIC or the Lower-Tier REMIC to fail to qualify as a REMIC or the Grantor Trust to fail to
qualify as a “grantor trust” at any time that the Certificates or the VRR Interest are outstanding, in which event
such period shall be extended by such additional specified period, with the expenses of obtaining any such extension of time being
an expense of the Trust Fund. If the Special Servicer, on behalf of the Trustee, has received (or has not been denied) such Extension,
then the Special Servicer, acting on behalf of the Trustee hereunder, shall continue to attempt to sell the Foreclosed Property
for its fair market value for such longer period as such Extension permits (the “Extended Period”). If the
Special Servicer, acting on behalf of the Trustee, has not received such an Extension and the Special Servicer, acting on behalf
of the Trustee hereunder, is unable to sell the Foreclosed Property, within the foregoing period or if the Special Servicer, acting
on behalf of the Trustee hereunder, has received such an Extension, and the Special Servicer, acting on behalf of the Trustee
hereunder, is unable to sell the Foreclosed Property within the Extended Period, the Special Servicer shall, before the end of
the above-referenced period or the Extended Period, as the case may be, auction the Foreclosed Property to the highest bidder
(which may be the Special Servicer) in accordance with Accepted Servicing Practices.

 

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(c)           Within thirty (30) days of the sale of the Foreclosed Property, the Special Servicer shall provide to each of the Certificate
Administrator and the Trustee a statement of accounting for the Foreclosed Property, including, without limitation, (i) the
date the Property was acquired in foreclosure or by deed in lieu of foreclosure, (ii) the date of disposition of the Foreclosed
Property, (iii) the gross sale price and related selling and other expenses, (iv) accrued interest calculated from the
date of acquisition to the disposition date, and (v) such other information as the Certificate Administrator and/or Trustee
may reasonably request.

 

12.3.       
Prohibited Transactions and Activities. The Special Servicer, on behalf of the Trust Fund, shall not permit the sale or
disposition of the Trust Loan at a time when the Trust Loan is not the subject of a breach of a representation or is not in default
or default with respect thereto is not reasonably foreseeable (except in a disposition pursuant to (i) the bankruptcy or
insolvency of the Lower-Tier REMIC or (ii) the termination of the Lower-Tier REMIC in a “qualified liquidation”
as defined in Section 860F(a)(4) of the Code), nor acquire any assets for either the Lower-Tier REMIC or the Upper-Tier REMIC
(other than the Foreclosed Property), nor sell or dispose of any investments in the Collection Account or Distribution Account
for gain, nor receive any amount representing a fee or other compensation for services, nor accept any contributions to either
the Lower-Tier REMIC or the Upper-Tier REMIC (other than a cash contribution during the three-month period beginning on the Startup
Day), unless it has received an Opinion of Counsel (at the expense of the Person requesting it to take such action) to the effect
that such disposition, acquisition, substitution or acceptance will not (a) affect adversely the status of either the Lower-Tier
REMIC or the Upper-Tier REMIC as a REMIC, or of the Certificates or the VRR Interest as representing regular interests therein,
(b) affect the distribution of interest or principal on the Certificates or the VRR Interest, (c) result in the encumbrance
of the assets transferred or assigned to either the Lower-Tier REMIC or the Upper-Tier REMIC (except pursuant to the provisions
of this Agreement), or (d) cause either the Lower-Tier REMIC or the Upper-Tier REMIC to be subject to a tax on “prohibited
transactions” or “prohibited contributions” pursuant to the REMIC Provisions.

 

12.4.       
Indemnification with Respect to Certain Taxes and Loss of REMIC Status.

(a)If
either the Lower-Tier REMIC or the Upper-Tier REMIC fails to qualify as a REMIC, loses its status as a REMIC, or incurs state
or local taxes, or a tax as a result of a prohibited transaction or contribution subject to taxation under the REMIC Provisions
due to the willful misconduct, bad faith or negligent performance by the Certificate Administrator of its duties and obligations
specifically set forth herein, or by reason of the Certificate Administrator’s negligent disregard of its obligations and
duties thereunder, the Certificate Administrator shall indemnify the Trust against any and all losses, claims, damages, liabilities
or expenses (“Losses”) resulting therefrom; provided, however, the Certificate Administrator
shall not be liable for any such Losses attributable to the action or inaction of the Servicer, the Special Servicer, the Depositor,
or the Holders of the Class R Certificates nor for any such Losses resulting from misinformation provided by the Holders
of the Class R Certificates, the Servicer, the Special Servicer, or the Depositor, on which the Certificate Administrator
has relied. The foregoing shall not be deemed to limit or restrict the rights and remedies of successor Holders of the Class R
Certificates at law or in equity.

 

(b)          If either the Lower-Tier REMIC or the Upper-Tier REMIC fails to qualify as a REMIC, loses its status as a REMIC, or incurs state
or local taxes, or a tax as a result of a

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prohibited
transaction or contribution subject to taxation under the REMIC Provisions due to the willful misconduct, bad faith or negligent
performance of the Servicer or the Special Servicer in the performance of its duties and obligations set forth herein, or by reason
of the Servicer’s or Special Servicer’s negligent disregard of its obligations and duties thereunder, the Servicer
or the Special Servicer, as the case may be, shall indemnify the Trust Fund against any and all losses resulting therefrom; provided,
however, the Servicer or the Special Servicer, as the case may be, shall not be liable for any such losses attributable
to the action or inaction of the Certificate Administrator, the Depositor, the Holders of the Class R Certificates nor for
any such losses resulting from misinformation provided by the Certificate Administrator, the Depositor or the Holders of the Class R
Certificates on which the Servicer or the Special Servicer, as the case may be, has relied. The foregoing shall not be deemed
to limit or restrict the rights and remedies of any successor Holders of the Class R Certificates at law or in equity.

 

13.           EXCHANGE ACT REPORTING AND REGULATION AB COMPLIANCE

 

13.1.       
Intent of the Parties; Reasonableness. The parties hereto acknowledge and agree that the purpose of Article 13 of
this Agreement is, among other things, to facilitate compliance by any Other Depositor with the provisions of Regulation AB and
the related rules and regulations of the Commission. Except as expressly required by Sections 13.7, 13.8 and 13.9,
the Depositor shall not, and no Other Depositor may, exercise its rights to request delivery of information or other performance
under these provisions other than in good faith, or for purposes other than compliance with the Act, the Exchange Act and the
Sarbanes-Oxley Act. The parties hereto acknowledge that interpretations of the requirements of Regulation AB may change over time
due to interpretive guidance provided by the Commission or its staff, and agree to comply with reasonable requests made by the
Depositor, or any Other Depositor, in good faith for delivery of information under these provisions on the basis of such evolving
interpretations of Regulation AB. In connection with the COLEM 2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-HLNE, and any Companion Loan Securities, each of the parties to this Agreement shall cooperate fully with the Depositor,
the Certificate Administrator, any Other Depositor and any Other Exchange Act Reporting Party, as applicable, to deliver to the
Depositor or Other Depositor, as applicable (including any of its assignees or designees), any and all statements, reports, certifications,
records and any other information in its possession or reasonably available to it and necessary in the reasonable good faith determination
of the Depositor, the Certificate Administrator, any Other Depositor or any Other Exchange Act Reporting Party, as applicable,
to permit the Depositor or any Other Depositor, as applicable, to comply with the provisions of Regulation AB, together with such
disclosures relating to the Servicer, the Special Servicer, the Certificate Administrator and the Trustee, as applicable, and
any Sub-Servicer, or the servicing of the Mortgage Loan, reasonably believed by the Depositor or any Other Depositor, as applicable,
in good faith to be necessary in order to effect such compliance.

 

13.2.       
Succession; Sub-Servicers; Subcontractors. (a)  For so long as any Other Securitization Trust is subject to the
reporting requirements of the Exchange Act (in addition to any requirements contained in Section 13.7 of this Agreement),
in connection with the succession to the Servicer and Special Servicer or any Sub-Servicer as servicer or sub-servicer (to the
extent such Sub-Servicer is a “servicer” meeting the criteria contemplated by Item 1108(a)(2) of Regulation AB) under
this Agreement by any Person (i) into which the Servicer

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and
Special Servicer or such Sub-Servicer may be merged or consolidated, or (ii) which may be appointed as a successor to the
Servicer and Special Servicer or any such Sub-Servicer, the Servicer or Special Servicer, as applicable (depending on whether
such succession involves it or one of its Sub-Servicers), shall provide (other than in the case of a succession pursuant to an
appointment under Section 7.1 or 7.2, in which case the successor Servicer or successor Special Servicer, as
applicable, shall provide) to any Other Depositor as to which the applicable Companion Loan is affected, at least five (5)
Business Days prior to the effective date of such succession or appointment as long as such disclosure prior to such effective
date would not be violative of any applicable law or confidentiality agreement (and as long as such notice is not given by a successor
Servicer or successor Special Servicer appointed under Section 7.1 or 7.2), and otherwise no later than one
(1) Business Day after such effective date of succession, (x) written notice to the Depositor and each such Other Depositor
of such succession or appointment and (y) in writing and in form and substance reasonably satisfactory to each such Other
Depositor, all information relating to such successor Servicer reasonably requested by any such Other Depositor in order to comply
with its reporting obligation under Item 6.02 of Form 8-K pursuant to the Exchange Act (if such reports under the Exchange Act
are required to be filed under the Exchange Act).

 

(b)              
For so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, each of the Servicer,
the Special Servicer, any Sub-Servicer, the Trustee and the Certificate Administrator (each of the Servicer, the Special Servicer,
the Trustee and the Certificate Administrator and each Sub-Servicer, for purposes of this Section 13.2(b) and Section
13.2(c), a “Servicing Party”) is permitted to utilize one or more Subcontractors to perform certain of
its obligations hereunder. Such Servicing Party shall promptly upon request provide to any Other Depositor as to which the applicable
Companion Loan is affected, a written description (in form and substance satisfactory to each such Other Depositor) of the role
and function of each Subcontractor that is a Servicing Function Participant utilized by such Servicing Party during the preceding
calendar year, specifying (i) the identity of such Subcontractor, and (ii) which elements of the Servicing Criteria
will be addressed in assessments of compliance provided by each such Subcontractor. Each Servicing Party shall cause any Subcontractor
utilized by such Servicing Party that is determined to be a Servicing Function Participant to comply with the provisions of Section
13.8 and Section 13.9 of this Agreement to the same extent as if such Subcontractor were such Servicing Party. Such
Servicing Party shall obtain from each such Subcontractor (or, in the case of each Sub-Servicer set forth on Exhibit X,
shall use commercially reasonable efforts to obtain from such Sub-Servicer) and deliver to the applicable Persons any assessment
of compliance report and related accountant’s attestation required to be delivered by such Subcontractor under Section
13.8 and Section 13.9 of this Agreement, in each case, as and when required to be delivered.

 

(c)               
For so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, notwithstanding the
foregoing, if a Servicing Party engages a Subcontractor in connection with the performance of any of its duties under this Agreement,
such Servicing Party shall be responsible for determining whether such Subcontractor is a “servicer” within the meaning
of Item 1101 of Regulation AB and whether such Subcontractor meets the criteria in Item 1108(a)(2)(i), (ii) or (iii) of Regulation
AB. If a Servicing Party determines, pursuant to the preceding sentence, that such Subcontractor is a “servicer” within
the meaning of Item 1101 of Regulation AB and meets the criteria in Item 1108(a)(2)(i), (ii) or (iii)

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of
Regulation AB, then such Subcontractor shall be deemed to be a Sub-Servicer for purposes of this Agreement, and the engagement
of such Sub-Servicer shall not be effective unless and until notice is given to the Depositor and the Certificate Administrator,
as well as any Other Depositor as to which the applicable Companion Loan is affected, of any such Sub-Servicer and Sub-servicing
Agreement. No Sub-servicing Agreement (other than such agreements set forth on Exhibit U hereto) shall be effective
until five (5) Business Days after such written notice is received by the Depositor, the Certificate Administrator and each such
Other Depositor. Such notice shall contain all information reasonably necessary, and in such form as may be necessary, to enable
each Other Exchange Act Reporting Party as to which the applicable Companion Loan is affected, to accurately and timely report
the event under Item 6.02 of Form 8-K pursuant to the related Other Pooling and Servicing Agreement or otherwise (if such reports
under the Exchange Act are required to be filed under the Exchange Act).

 

(d)              
For so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, in connection with
the succession to the Trustee or Certificate Administrator under this Agreement by any Person (i) into which the Trustee
or Certificate Administrator may be merged or consolidated, or (ii) which may be appointed as a successor to the Trustee
or Certificate Administrator, the Trustee or Certificate Administrator, as applicable, shall notify the Depositor and each Other
Depositor, at least ten (10) Business Days prior to the effective date of such succession or appointment (or if such prior notice
would be violative of applicable law or any applicable confidentiality agreement, no later than the time required under Section
13.6 of this Agreement) and shall furnish pursuant to Section 13.6 of this Agreement to each Other Depositor in writing
and in form and substance reasonably satisfactory to the Depositor and each Other Depositor, all information reasonably necessary
for each Other Exchange Act Reporting Party to accurately and timely report the event under Item 6.02 of Form 8-K pursuant to
the related Other Pooling and Servicing Agreement or otherwise (if such reports under the Exchange Act are required to be filed
under the Exchange Act).

 

13.3.       
Other Securitization Trust’s Filing Obligations. For so long as any Other Securitization Trust is subject to the
reporting requirements of the Exchange Act, the Servicer, the Special Servicer, the Certificate Administrator and the Trustee
shall (and shall cause (or, in the case of each Sub-Servicer set forth on Exhibit X, shall use commercially reasonable
efforts to cause) each Additional Servicer and Servicing Function Participant utilized thereby to) reasonably cooperate with each
Other Depositor in connection with the satisfaction of each Other Securitization Trust’s reporting requirements under the
Exchange Act.

 

13.4.       
Form 10-D Disclosure. For so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange
Act, within one Business Day after the related Distribution Date (using commercially reasonable efforts), but in no event later
than noon (New York City time) on the third Business Day after the related Distribution Date, (i) the parties as set forth
on Exhibit T to this Agreement, shall be required to provide to each Other Exchange Act Reporting Party and each Other
Depositor to which the particular Additional Form 10-D Disclosure is relevant for Exchange Act reporting purposes, to the extent
a Servicing Officer or Responsible Officer thereof has knowledge thereof (other than information required by Item 1117 of
Regulation AB as to such party which shall be reported if actually known by any Servicing Officer or Responsible Officer,
as the case may be, or any lawyer in the in-house legal department of such party), in EDGAR-compatible format (to the extent available
to such party in

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such
format), or in such other format as otherwise agreed upon by each such Other Exchange Act Reporting Party, each such Other Depositor
and such parties, the form and substance of the Additional Form 10-D Disclosure, if applicable, and (ii) the parties
listed on Exhibit T to this Agreement shall include with such Additional Form 10-D Disclosure application to
such party and shall cause each Sub-Servicer (or, in the case of each Sub-Servicer set forth on Exhibit X, shall use
commercially reasonable efforts to cause such Sub-Servicer) and Subcontractor of such party to the extent required under Regulation AB
to provide, and if received, include, an Additional Disclosure Notification in the form attached as Exhibit V to this
Agreement. The Certificate Administrator has no duty under this Agreement to monitor or enforce the performance by the parties
listed on Exhibit T to this Agreement of their duties under this paragraph or proactively solicit or procure from such
parties any Additional Form 10-D Disclosure information.

 

13.5.       
Form 10-K Disclosure. For so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange
Act, no later than March 1, commencing in March 2023, (i) the parties listed on Exhibit U to this Agreement shall
be required to provide (and with respect to any Servicing Function Participant of such party (other than any party to this Agreement),
shall cause such Servicing Function Participant to provide) to each Other Exchange Act Reporting Party and each Other Depositor
to which the particular Additional Form 10-K Disclosure is relevant for Exchange Act Reporting purposes, to the extent a Servicing
Officer or a Responsible Officer, as the case may be, thereof has actual knowledge (other than information required by Item 1117
of Regulation AB as to such party which shall be reported if actually known by any Servicing Officer or Responsible Officer, as
the case may be, or any lawyer in the in house legal department of such party), in EDGAR compatible format (to the extent available
to such party in such format) or in such other format as otherwise agreed upon by each such Other Exchange Act Reporting Party,
each such Other Depositor and such providing parties, the form and substance of any Additional Form 10-K Disclosure described
on Exhibit U to this Agreement applicable to such party, and (ii) the parties listed on Exhibit U to this Agreement
shall include with such Additional Form 10-K Disclosure applicable to such party and shall cause each Sub-Servicer (or, in the
case of each Sub-Servicer set forth on Exhibit X, shall use commercially reasonable efforts to cause such Sub-Servicer)
and Subcontractor of such party to the extent required under Regulation AB to provide, and if received, include, an Additional
Disclosure Notification in the form attached as Exhibit U to this Agreement. The Certificate Administrator has no duty
under this Agreement to monitor or enforce the performance by the parties listed on Exhibit U to this Agreement of their
duties under this paragraph or proactively solicit or procure from such parties any Additional Form 10-K Disclosure information.

 

13.6.       
Form 8-K Disclosure. For so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange
Act, to the extent a Servicing Officer or Responsible Officer thereof has actual knowledge of such event (other than Item 1117
of Regulation AB as to such party which shall be reported if actually known by any Servicing Officer or Responsible Officer, as
the case may be, or any lawyer in the in-house legal department of such party), within one Business Day after the occurrence of
an event requiring disclosure on Form 8-K (each such event, a “Reportable Event”) (using commercially reasonable
efforts), but in no event later than the close of business (New York City time) on the second Business Day after the occurrence
of a Reportable Event, (i) the parties set forth on Exhibit W to this Agreement shall be required to provide (and
(i) with respect to any Servicing Function

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Participant
of such party that is a Sub-Servicer set forth on Exhibit X, shall use commercially reasonable efforts to cause such
Servicing Function Participant to provide, and (ii) with respect to any other Servicing Function Participant of such party
(other than any party to this Agreement), shall cause such Servicing Function Participant to provide) to each Other Depositor
and each Other Exchange Act Reporting Party to which the particular Form 8-K Disclosure Information is relevant for Exchange Act
reporting purposes, in EDGAR-compatible format (to the extent available to such party in such format) or in such other format
as otherwise agreed upon by each such Other Depositor, each such Other Exchange Act Reporting Party and such providing parties,
any Form 8-K Disclosure Information described on Exhibit W to this Agreement as applicable to such party, if applicable,
and (ii) the parties listed on Exhibit W to this Agreement shall include with such Form 8-K Disclosure Information
applicable to such party and shall cause each Sub-Servicer (or, in the case of each Sub-Servicer set forth on Exhibit X,
shall use commercially reasonable efforts to cause such Sub-Servicer) and Subcontractor of such party to the extent required under
Regulation AB to provide, and if received, include, an Additional Disclosure Notification in the form attached hereto as Exhibit V.
The Certificate Administrator has no duty under this Agreement to monitor or enforce the performance by the parties listed on
Exhibit W of their duties under this paragraph or proactively solicit or procure from such parties any Form 8-K Disclosure
Information.

 

13.7.       
Annual Compliance Statements. On or before March 1 of each year, commencing in 2023, each of the Servicer, the Special
Servicer (regardless of whether the Special Servicer has commenced special servicing of the Mortgage Loan) and, for so long as
any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the Certificate Administrator and
the Trustee (provided, however, that the Trustee shall not be required to deliver an assessment of compliance with
respect to any period during which there was no Applicable Servicing Criteria applicable to it), at its own expense, shall furnish
(and each such party, (i) with respect to each Servicing Function Participant that is a Sub-Servicer set forth on Exhibit X
with which it has entered into a servicing relationship with respect to the Mortgage Loan, shall use commercially reasonable
efforts to cause such Servicing Function Participant to furnish, and (ii) with respect to any other Servicing Function Participant
of such party (other than any party to this Agreement), shall cause such Servicing Function Participant to furnish) (each such
Servicing Function Participant and each of the Servicer, Special Servicer and the Certificate Administrator, a “Certifying
Servicer”) to the Certificate Administrator (who shall post it to the Certificate Administrator’s Website pursuant
to Section 8.14(b)), the Trustee, the Depositor and the Companion Loan Holders (or, in the case of a Companion Loan
that is part of an Other Securitization Trust, the applicable Other Depositor and Other Exchange Act Reporting Party), an Officer’s
Certificate stating, as to the signer thereof, that (A) a review of such Person’s activities during the preceding calendar
year or portion thereof and of such Person’s performance under this Agreement or the applicable sub-servicing agreement,
as applicable, has been made under such officer’s supervision and (B) to the best of such officer’s knowledge,
based on such review, such Person has fulfilled all its obligations under this Agreement or the applicable sub-servicing agreement,
as applicable, in all material respects throughout such year or portion thereof, or, if there has been a failure to fulfill any
such obligation in any material respect, specifying each such failure known to such officer and the nature and status thereof.
For so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, promptly after receipt
of each such Officer’s Certificate, the Depositor (and, in the case of a Companion Loan that is part of an Other Securitization
Trust, the applicable Other Depositor and

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Other
Exchange Act Reporting Party) may review each such Officer’s Certificate and, if applicable, consult with the Certifying
Servicer, as applicable, as to the nature of any failures by such Certifying Servicer, respectively, or any related Servicing
Function Participant with which the Servicer or the Special Servicer, as applicable, has entered into a servicing relationship
with respect to the Trust Loan or the Companion Loans in the fulfillment of any Certifying Servicer’s obligations hereunder
or under the applicable sub-servicing or primary servicing agreement. The obligations of each Certifying Servicer under this Section
apply to each such Certifying Servicer that serviced the Trust Loan or a Companion Loan during the applicable period, whether
or not the Certifying Servicer is acting in such capacity at the time such Officer’s Certificate is required to be delivered.
Copies of all Officer’s Certificates delivered pursuant to this Section 13.7 shall be made available to any
Privileged Person by the Certificate Administrator by posting such Compliance Report to the Certificate Administrator’s
Website pursuant to Section 8.14(b).

 

13.8.       
Annual Reports on Assessment of Compliance with Servicing Criteria. (a) On or before March 1 of each year, commencing
in 2023, the Servicer, the Special Servicer (regardless of whether the Special Servicer has commenced special servicing of the
Mortgage Loan) and, for so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act,
the Certificate Administrator and the Trustee (provided, however, that the Trustee shall not be required to deliver
an assessment of compliance with respect to any period during which there was no Applicable Servicing Criteria applicable to it),
each at its own expense, shall furnish (and each such party, (i) with respect to each Servicing Function Participant that
is a Sub-Servicer set forth on Exhibit X with which it has entered into a servicing relationship with respect to the
Mortgage Loan, shall use commercially reasonable efforts to cause such Servicing Function Participant to furnish, and (ii) with
respect to any other Servicing Function Participant of such party (other than any party to this Agreement), shall cause such Servicing
Function Participant to furnish) (each Servicer, the Special Servicer, the Certificate Administrator, the Trustee and any Servicing
Function Participant, as the case may be, a “Reporting Servicer”) to the Certificate Administrator and the
17g-5 Information Provider (who shall post it to the Certificate Administrator’s Website and the 17g-5 Information Provider’s
Website, as applicable, pursuant to Section 8.14(b)), the Trustee, the Depositor and the Companion Loan Holders (or,
in the case of a Companion Loan that is part of an Other Securitization Trust, the applicable Other Depositor and Other Exchange
Act Reporting Party), a report on an assessment of compliance with the Applicable Servicing Criteria that contains (A) a
statement by such Reporting Servicer of its responsibility for assessing compliance with the Applicable Servicing Criteria, (B) a
statement that, to the best of such Reporting Servicer’s knowledge, such Reporting Servicer used the Servicing Criteria
to assess compliance with the Applicable Servicing Criteria, (C) such Reporting Servicer’s assessment of compliance
with the Applicable Servicing Criteria as of the end of and for the preceding calendar year, including, if there has been any
material instance of noncompliance with the Applicable Servicing Criteria, a discussion of each such failure and the nature and
status thereof and (D) a statement that a registered public accounting firm that is a member of the American Institute of
Certified Public Accountants has issued an attestation report on such Reporting Servicer’s assessment of compliance with
the Applicable Servicing Criteria as of and for such period. Copies of all compliance reports delivered pursuant to this Section 13.8
shall be provided to any Certificateholder, upon the written request therefor and submission of an Investor Certification
in the form of Exhibit K-1, by the Certificate Administrator.

 

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Each
such report shall be addressed to the Depositor and each Other Depositor (if addressed) and signed by an authorized officer of
the applicable company, and shall address each of the Applicable Servicing Criteria. For so long as any Other Securitization Trust
is subject to the reporting requirements of the Exchange Act, promptly after receipt of each such report, the Depositor and each
Other Depositor may review each such report and, if applicable, consult with the each Reporting Servicer as to the nature of any
material instance of noncompliance with the Applicable Servicing Criteria.

 

(b)           On the Closing Date, the Servicer, the Special Servicer, the Trustee and the Certificate Administrator each acknowledge and agree
that Exhibit L to this Agreement sets forth the Applicable Servicing Criteria for such party.

 

(c)           No later than 30 days after the end of each fiscal year for the Trust, the Servicer, the Special Servicer and, for so long as
any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the Certificate Administrator shall
notify the Certificate Administrator, the Depositor, each Other Exchange Act Reporting Party and each Other Depositor as to the
name of each Servicing Function Participant utilized by it, in each case, and each such notice will specify what specific Servicing
Criteria will be addressed in the report on assessment of compliance prepared by such Servicing Function Participant. When the
Servicer, the Special Servicer and, for so long as any Other Securitization Trust is subject to the reporting requirements of
the Exchange Act, the Certificate Administrator submit their assessments pursuant to Section 13.8(a) of this Agreement,
such parties, as applicable, will also at such time include the assessment (and related attestation pursuant to Section 13.9)
of each Servicing Function Participant engaged by it. The fiscal year for the Trust shall be January 1 through and including December
31 of each calendar year.

 

(d)           In the event the Servicer, the Special Servicer or, for so long as any Other Securitization Trust is subject to the reporting
requirements of the Exchange Act, the Certificate Administrator is terminated or resigns pursuant to the terms of this Agreement,
such party shall provide, and each such party shall cause (or, if the Servicing Function Participant is a Sub-Servicer set forth
on Exhibit X, shall use commercially reasonable efforts to cause) any Servicing Function Participant engaged by it
to provide (and the Servicer, the Special Servicer and the Certificate Administrator shall, with respect to any Servicing Function
Participant that resigns or is terminated under any applicable servicing agreement, cause such Servicing Function Participant
to provide) an annual assessment of compliance pursuant to this Section 13.8, coupled with an attestation as required in
Section 13.9 in respect of the period of time that the Servicer, the Special Servicer or, for so long as any Other Securitization
Trust is subject to the reporting requirements of the Exchange Act, the Certificate Administrator was subject to this Agreement
or the period of time that the Servicing Function Participant was subject to such other servicing agreement.

 

13.9.       
Annual Independent Public Accountants’ Servicing Report. On or before March 1 of each year, commencing in 2023, the
Servicer, the Special Servicer and, for so long as any Other Securitization Trust is subject to the reporting requirements of
the Exchange Act, the Certificate Administrator and the Trustee (provided, however, that the Trustee shall not be
required to deliver an assessment of compliance with respect to any period during which there was no Applicable Servicing Criteria
applicable to it), each at its own expense, shall cause (and

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each
such party, (i) with respect to each Servicing Function Participant that is a Sub-Servicer set forth on Exhibit X
with which it has entered into a servicing relationship with respect to the Mortgage Loan, shall use commercially reasonable
efforts to cause such Servicing Function Participant to furnish, and (ii) with respect to any other Servicing Function Participant
of such party (other than any party to this Agreement), shall cause such Servicing Function Participant to furnish) a registered
public accounting firm (which may also render other services to the Servicer, the Special Servicer, the Certificate Administrator,
the Trustee or the applicable Servicing Function Participant, as the case may be) and that is a member of the American Institute
of Certified Public Accountants to furnish a report to the Certificate Administrator (who shall post it to the Certificate Administrator’s
Website pursuant to Section 8.14(b)), the Depositor, the Companion Loan Holders (or, in the case of a Companion Loan that
is part of an Other Securitization Trust, the applicable Other Depositor and Other Exchange Act Reporting Party) and the 17g-5
Information Provider (who shall post it to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)),
to the effect that (i) it has obtained a representation regarding certain matters from the management of such Reporting Servicer,
which includes an assessment from such Reporting Servicer of its compliance with the Applicable Servicing Criteria and (ii) on
the basis of an examination conducted by such firm in accordance with standards for attestation engagements issued or adopted
by the Public Company Accounting Oversight Board, it is expressing an opinion as to whether such Reporting Servicer’s assessment
of compliance with the Servicing Criteria was fairly stated in all material respects, or it cannot express an overall opinion
regarding such party’s assessment of compliance with the Applicable Servicing Criteria. In the event that an overall opinion
cannot be expressed, such registered public accounting firm shall state in such report why it was unable to express such an opinion.
Each accountant’s attestation report required hereunder shall be made in accordance with Rules 1-02(a)(3) and 2-02(g) of
Regulation S-X under the Act and the Exchange Act. Such report must be available for general use and not contain restricted use
language. Copies of all statements delivered pursuant to this Section 13.9 shall be made available to any Privileged Person
by the Certificate Administrator posting such statement on the Certificate Administrator’s Website pursuant to Section
8.14(b).

 

For
so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, promptly after receipt
of such report from the Servicer, the Special Servicer, the Certificate Administrator, the Trustee or any Servicing Function Participant,
the Depositor and each Other Depositor may review the report and, if applicable, consult with the Servicer, the Special Servicer
or, for so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the Certificate
Administrator or the Trustee as to the nature of any defaults by the Servicer, the Special Servicer, the Certificate Administrator,
the Trustee or any Servicing Function Participant with which it has entered into a servicing relationship with respect to the
Trust Loan or any Companion Loan, as the case may be, in the fulfillment of any of the Servicer’s, the Special Servicer’s,
the Certificate Administrator’s, the Trustee’s or the applicable Servicing Function Participants’ obligations
hereunder or under the applicable sub-servicing agreement.

 

13.10.   
Significant Obligor. With respect to any Property that secures a Companion Loan that the applicable Other Depositor has
notified the Servicer and Special Servicer in writing is a “significant obligor” (within the meaning of Item 1101(k)
of Regulation AB) (together with notification of the Relevant Distribution Date) with respect to an Other

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Securitization
Trust that includes such Companion Loan, to the extent that the Servicer is in receipt of the updated financial statements of
such “significant obligor” for any calendar quarter (other than the fourth calendar quarter of any calendar year)
from the Borrower or Special Servicer, beginning with the first calendar quarter following receipt of such notice from the Other
Depositor, or the updated financial statements of such “significant obligor” for any calendar year, beginning for
the calendar year following such notice from the Other Depositor, as applicable, the Servicer shall deliver to the Other Depositor,
on or prior to the day that occurs two (2) Business Days prior to the related Significant Obligor NOI Quarterly Filing Deadline
or seven (7) Business Days prior to the related Significant Obligor NOI Yearly Filing Deadline, as applicable, (A) if such
financial statement receipt occurs twelve (12) or more Business Days prior to the related Significant Obligor NOI Quarterly Filing
Deadline or seventeen (17) or more Business Days prior to the related Significant Obligor NOI Yearly Filing Deadline, as applicable,
such financial statements of the “significant obligor”, together with the net operating income of such “significant
obligor” for the applicable period as calculated by the Servicer in accordance with CREFC® guidelines and
(B) if such financial statement receipt occurs less than twelve (12) Business Day prior to the related Significant Obligor
NOI Quarterly Filing Deadline or less than seventeen (17) Business Days prior to the related Significant Obligor NOI Yearly Filing
Deadline, as applicable, such financial statements of the “significant obligor”, together with the net operating income
of such “significant obligor” for the applicable period as reported by the Borrower in such financial statements.

 

If
the Servicer does not receive financial information satisfactory to comply with Item 6 of Form 10-D or Item 1112(b)(1) of Form
10-K, as the case may be, of such “significant obligor” within ten (10) Business Days after the date such financial
information is required to be delivered under the Mortgage Loan Documents, the Servicer shall notify the Other Depositor with
respect to such Other Securitization Trust that includes the related Companion Loan (and shall cause each applicable sub-servicing
agreement to require any related Sub-Servicer to notify such Other Depositor) that it has not received such financial information.
The Servicer shall use efforts consistent with Accepted Servicing Practices (taking into account, in addition, the ongoing reporting
obligations of such Other Depositor under the Exchange Act) to obtain the periodic financial statements of the Borrower under
the Mortgage Loan Documents.

 

The
Servicer shall (and shall cause each applicable sub-servicing agreement entered into after receipt of written notice from the
Other Depositor that such Companion Loan is a significant obligor to require any related Sub-Servicer to) retain written evidence
of each instance in which it (or a Sub-Servicer) attempts to contact the Borrower related to any such “significant obligor”
(identified to it as such by the Other Depositor in accordance with the second preceding paragraph) to obtain the required financial
information and is unsuccessful and, within five (5) Business Days prior to the date in which a Form 10-D or Form 10-K, as applicable,
is required to be filed by the Other Securitization Trust, shall forward an Officer’s Certificate evidencing its attempts
to obtain this information to the Other Exchange Act Reporting Party and Other Depositor related to such Other Securitization
Trust. This Officer’s Certificate should be addressed to the certificate administrator at its corporate trust office, as
specified in the related Other Pooling and Servicing Agreement.

 

13.11.   
Sarbanes-Oxley Backup Certification. For so long as any Other Securitization Trust is subject to the reporting requirements
of the Exchange Act, the Certificate

    -246-

     

    

Administrator,
the Servicer, the Special Servicer and the Trustee shall provide (and with respect to any other Servicing Function Participant
of such party, shall cause such Servicing Function Participant to provide) to the Person who signs the Sarbanes-Oxley Certification
with respect to such Other Securitization Trust (the “Certifying Person”) no later than March 1 of the year
following the year to which the Form 10-K of such Other Securitization Trust relates or, if March 1 is not a Business Day, on
the immediately following Business Day, a certification in the form attached to this Agreement as Exhibit AA-1, Exhibit
AA-2, Exhibit AA-3 and Exhibit AA-4, as applicable, on which the Certifying Person, the entity for which the
Certifying Person acts as an officer, and such entity’s officers, directors and Affiliates can reasonably rely. In the event
any Reporting Servicer is terminated or resigns pursuant to the terms of this Agreement, or any applicable sub-servicing agreement
or primary servicing agreement, as the case may be, such Reporting Servicer shall provide a certification to the Certifying Person
pursuant to this Section 13.11 with respect to the period of time it was subject to this Agreement or the applicable sub-servicing
or primary servicing agreement, as the case may be.

 

13.12.   
Indemnification. For so long as the other Trust is subject to the reporting requirements of the Exchange Act, each of the
Servicer, the Special Servicer, the Certificate Administrator and the Trustee shall indemnify and hold harmless the Depositor,
each Other Depositor and any employee, director or officer of the Depositor or any Other Depositor from and against any claims,
losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments and other costs and expenses
incurred by such indemnified party arising out of (i) an actual breach by the Servicer, the Special Servicer, the Certificate
Administrator or the Trustee, as the case may be, of its obligations under this Article 13, (ii) negligence, bad faith
or willful misconduct on the part of the Servicer, the Special Servicer, the Certificate Administrator or the Trustee, as applicable,
in the performance of such obligations or (iii) delivery of any Deficient Exchange Act Deliverable regarding such party and
delivered by or on behalf of such party.

 

The
Servicer, the Special Servicer, the Certificate Administrator and the Trustee shall cause each Servicing Function Participant
of such party that is not a Sub-Servicer set forth on Exhibit X (and with respect to any Servicing Function Participant
of such party that is a Sub-Servicer set forth on Exhibit X, shall use commercially reasonable efforts to cause such
Servicing Function Participant) to indemnify and hold harmless the Depositor, each Other Depositor and any employee, director
or officer of the Depositor or any Other Depositor from and against any and all claims, losses, damages, penalties, fines, forfeitures,
legal fees and expenses and related costs, judgments and any other costs, fees and expenses incurred by such indemnified party
arising out of (i) a breach of its obligations to provide any of the annual compliance statements or annual servicing criteria
compliance reports or attestation reports pursuant to the applicable sub-servicing agreement, (ii) negligence, bad faith
or willful misconduct its part in the performance of such obligations, (iii) any failure by a Servicing Party (as defined
in Section 13.2(b)) to identify a Servicing Function Participant pursuant to Section 13.2(b) or (iv) delivery
of any Deficient Exchange Act Deliverable regarding such party and delivered by or on behalf of such party.

 

If
the indemnification provided for in, or contemplated by, either of the prior two paragraphs is unavailable or insufficient to
hold harmless the Depositor, any Other Depositor or any employee, director or officer of the Depositor or any Other Depositor,
then the Servicer, the

    -247-

     

    

Special
Servicer, the Certificate Administrator, the Trustee, the Additional Servicer or other Servicing Function Participant (the “Performing
Party”) shall contribute to the amount paid or payable to the indemnified party as a result of the losses, claims, damages
or liabilities of the indemnified party in such proportion as is appropriate to reflect the relative fault of the indemnified
party on the one hand and the Performing Party on the other in connection with a breach of the Performing Party’s obligations
pursuant to this Article 13 (or breach of its obligations under the applicable sub-servicing agreement to provide any of
the annual compliance statements or annual servicing criteria compliance reports or attestation reports) or the Performing party’s
negligence, bad faith or willful misconduct in connection therewith.

 

The
Servicer, the Special Servicer, the Certificate Administrator and the Trustee shall cause each Servicing Function Participant
of such party that is not a Sub-Servicer set forth on Exhibit X (and with respect to any Servicing Function Participant
of such party that is a Sub-Servicer set forth on Exhibit X, shall use commercially reasonable efforts to cause such
Servicing Function Participant) to agree to the foregoing indemnification and contribution obligations. This Section 13.12
shall survive the termination of this Agreement or the earlier resignation or removal of the Servicer, the Special Servicer
or the Certificate Administrator.

 

13.13.   
Amendments. This Article 13 may be amended by the parties hereto pursuant to Section 11.1 of this Agreement
for purposes of complying with Regulation AB, the Act or the Exchange Act and/or to conform to standards developed within the
commercial mortgage-backed securities market and the Sarbanes-Oxley Act without any Opinions of Counsel, Officer’s Certificates,
Rating Agency Confirmations or the consent of any Certificateholder, notwithstanding anything to the contrary contained in this
Agreement.

 

13.14.   
Termination of the Certificate Administrator. Notwithstanding anything to the contrary contained in this Agreement, the
Depositor or any Other Depositor may terminate the Certificate Administrator upon five Business Days’ notice if the Certificate
Administrator fails to comply with any of its obligations under this Article 13; provided that such termination shall not
be effective until a successor Certificate Administrator shall have accepted the appointment.

 

13.15.   
Termination of Sub-Servicing Agreements. For so long as any Other Securitization Trust is subject to the reporting requirements
of the Exchange Act, each of the Servicer, the Certificate Administrator and the Trustee, as applicable, shall (i) cause
each Sub-Servicing Agreement to which it is a party to entitle the Depositor or any Other Depositor to terminate such agreement
(without compensation, termination fee or the consent of any other Person) at any time following any failure of the applicable
Sub-Servicer to any deliver any Exchange Act reporting items that such Sub-Servicer is required to deliver under Regulation AB
or as otherwise contemplated by this Article 13 and (ii) promptly notify the Depositor and any Other Depositor following
any failure of the applicable Sub-Servicer to deliver any Exchange Act reporting items that such Sub-Servicer is required to deliver
under Regulation AB or as otherwise contemplated by this Article 13. The Depositor and any Other Depositor is hereby authorized
to exercise the rights described in clause (i) of the preceding sentence in its sole discretion. The rights of the
Depositor and any Other Depositor to terminate a Sub-Servicing Agreement as aforesaid shall not limit any right the Servicer,
the Certificate Administrator or the Trustee, as applicable, may have to terminate such Sub-Servicing Agreement.

 

    -248-

     

    

13.16. 
Notification Requirements and Deliveries in Connection with Securitization of a Companion Loan. (a)  Any other
provision of this Article 13 to the contrary notwithstanding, including, without limitation, any deadlines for delivery
set forth in this Article 13, in connection with the requirements contained in this Article 13 that provide for
the delivery of information and other items to, and the cooperation with, the Other Depositor and Other Exchange Act Reporting
Party of any Other Securitization Trust that includes a Companion Loan, no party hereunder shall be obligated to provide any such
items to or cooperate with such Other Depositor or Other Exchange Act Reporting Party (i) until the Other Depositor or Other
Exchange Act Reporting Party of such Other Securitization Trust has provided each party hereto with not less than 30 days written
notice (which shall only be required to be delivered once and each party shall be entitled to rely on such notice), setting forth
the contact information for such Person(s) and, except as regards the deliveries and cooperation contemplated by Section 13.7,
Section 13.8 and Section 13.9 of this Agreement, stating that such Other Securitization Trust is subject to the
reporting requirements of the Exchange Act, and (ii) specifying in reasonable detail the information and other items not
otherwise specified in this Agreement that are requested to be delivered; provided that if Exchange Act reporting is being
requested, such Other Depositor or Other Exchange Act Reporting Party is only required to provide a single written notice to such
effect. Any reasonable cost and expense of the Servicer, Special Servicer, Trustee and Certificate Administrator in cooperating
with such Other Depositor or Other Exchange Act Reporting Party of such Other Securitization Trust (above and beyond their expressed
duties hereunder) shall be the responsibility of such Other Depositor or Other Securitization Trust. The parties hereto shall
have the right to confirm in good faith with the Other Depositor of such Other Securitization Trust as to whether applicable law
requires the delivery of the items identified in this Article 13 to such Other Depositor and Other Exchange Act Reporting
Party of such Other Securitization Trust prior to providing any of the reports or other information required to be delivered under
this Article 13 in connection therewith and (i) upon such confirmation, the parties shall comply with the deadlines
for delivery set forth in this Article 13 with respect to such Other Securitization Trust or (ii) in the absence of
such confirmation, the parties shall not be required to deliver such items; provided that no such confirmation shall be
required in connection with any delivery of the items contemplated by Section 13.7, Section 13.8 and Section
13.9 of this Agreement. Such confirmation shall be deemed given if the Other Depositor or Other Exchange Act Reporting Party
for the Other Securitization Trust provides a written statement to the effect that the Other Securitization Trust is subject to
the reporting requirements of the Exchange Act and the appropriate party hereto receives such written statement. The parties hereunder
shall also have the right to require that such Other Depositor provide them with the contact details of such Other Depositor,
Other Exchange Act Reporting Party and any other parties to the Other Pooling and Servicing Agreement relating to such Other Securitization
Trust.

 

(b)           Each of the Servicer, the Special Servicer, the Certificate Administrator and the Trustee shall, upon reasonable prior written
request given in accordance with the terms of Section 13.16(a) above, and subject to a right of the Servicer, Special Servicer,
the Certificate Administrator or Trustee, as the case may be, to review and approve such disclosure materials, permit the Companion
Loan Holders to use such party’s description contained in the Offering Circular (updated as appropriate by the Servicer,
the Special Servicer, the Certificate Administrator or the Trustee, as applicable, at the reasonable cost of the Other Depositor)
for inclusion in the disclosure materials relating to any securitization of a Companion Loan.

 

    -249-

     

    

(c)           The Servicer, the Special Servicer, the Certificate Administrator and the Trustee, upon reasonable prior written request given
in accordance with the terms of Section 13.16(a) above, shall each timely provide (to the extent the reasonable cost thereof
is paid or caused to be paid by the requesting party) to the Other Depositor and any underwriters with respect to any securitization
transaction that includes a Companion Loan such opinion(s) of counsel, certifications and/or indemnification agreement(s) with
respect to the updated description referred in Section 13.16(b) with respect to such party, substantially identical to
those, if any, delivered by the Servicer, the Special Servicer, the Trustee or the Certificate Administrator, as the case may
be, or their respective counsel, in connection with the information concerning such party in the Offering Circular and/or any
other disclosure materials relating to this Trust (updated as deemed appropriate by the Servicer, the Special Servicer, the Trustee
or the Certificate Administrator, or their respective legal counsel, as the case may be, and sufficient to comply with Regulation
AB). None of the Servicer, the Special Servicer, the Trustee or the Certificate Administrator shall be obligated to deliver any
such item with respect to the securitization of a Companion Loan if it did not deliver a corresponding item with respect to this
Trust.

 

[SIGNATURE
PAGE FOLLOWS]

 

    -250-

     

    

IN
WITNESS WHEREOF, the parties hereto have caused their names to be signed hereto by their respective officers thereunto duly authorized
as of the day and year first above written.

 

	 	BARCLAYS
                                         COMMERCIAL MORTGAGE SECURITIES LLC
	 	 	(Depositor)
	 	 	 
	 	 	 
	 	By:	/s/ Larry Kravetz
			Name:	Larry Kravetz
	 	 	Title:	President

 

	 	KEYBANK
NATIONAL ASSOCIATION
	 	 	(Servicer)
	 	 	 
	 	 	 
	 	By:	/s/ Michael A. Tilden
			Name:	Michael A. Tilden
	 	 	Title:	Vice President

 

	 	KEYBANK
NATIONAL ASSOCIATION
	 	 	(Special Servicer)
	 	 	 
	 	 	 
	 	By:	/s/ Michael A. Tilden
			Name:	Michael A. Tilden
	 	 	Title:	Vice President

 

	 	Computershare
                                         Trust Company, National Association
					 
	 	 	(Certificate
                                         Administrator)
	 	 	 
	 	 	 
	 	By:	/s/ Anna M. Lopez
			Name:	Anna M. Lopez
	 	 	Title:	Vice President

 

    COLEM 2022-HLNE: TRUST AND SERVICING AGREEMENT

     

    

 

	 	Computershare
                                         Trust Company, National Association
	 	 	(Custodian) 
	 	 	 
	 	 	 
	 	By:	/s/ Anna M. Lopez
			Name:	Anna M. Lopez
	 	 	Title:	Vice President

 

	 	WILMINGTON
                                         TRUST, NATIONAL ASSOCIATION
	 	 	(Trustee)
	 	 	 
	 	 	 
	 	By:	Beverly D. Capers
			Name:	Beverly D. Capers
	 	 	Title:	Assistant Vice President

 

    COLEM 2022-HLNE: TRUST AND SERVICING AGREEMENT

     

    

 

EXHIBIT A-1

 

FORM OF CLASS A CERTIFICATES

 

CLASS A

 

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”). NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED,
EXCEPT AS PERMITTED UNDER THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.

 

NO BENEFICIAL OWNERS OF THIS TEMPORARY
REGULATION S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS
HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE TRUST AND SERVICING AGREEMENT.]1

 

[UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE
REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR
TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

 

[TRANSFERS OF THIS GLOBAL CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]3

 

THIS CERTIFICATE DOES NOT REPRESENT
AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE BORROWER SPONSOR, THE BORROWER, THE SERVICER, THE SPECIAL SERVICER, THE TRUSTEE,
THE CERTIFICATE

 

 

 

		1	Temporary Regulation S Global Certificate legend.

 

		2	Legend required as long as DTC is the Depository under
the Trust and Servicing Agreement.

 

		3	Global Certificate legend.

 

    Exhibit A-1-1

     

    

 

ADMINISTRATOR, ANY RISK RETENTION CONSULTATION PARTY, THE 17G-5 INFORMATION PROVIDER, THE INITIAL PURCHASERS, THE
TRUST LOAN SELLERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN ARE INSURED OR
GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

PRINCIPAL PAYMENTS IN RESPECT OF THIS
CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE TRUST AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE
OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”)
TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” (A “QIB”),
WITHIN THE MEANING OF RULE 144A, OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER,
RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS NOT A “U.S.
PERSON” IN AN “OFFSHORE TRANSACTION,” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION
S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR”
WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL OF THE
EQUITY OWNERS ARE INSTITUTIONS THAT ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE
OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS CERTIFICATE MAY NOT BE PURCHASED
BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT
TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN (AS
DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS, TO A MATERIAL EXTENT,
SIMILAR TO SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF
OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS

 

    Exhibit A-1-2

     

    

 

CERTIFICATE, UNLESS (A) SUCH PERSON IS AN “ACCREDITED INVESTOR”
AS DEFINED IN RULE 501(a)(1) OF REGULATION D OF THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, AND
(B) THE ACQUISITION, HOLDING AND DISPOSITION OF THE CERTIFICATES BY SUCH PERSON WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT
PROHIBITED TRANSACTION UNDER ERISA OR SECTION 4975 OF THE CODE (OR A NON-EXEMPT VIOLATION OF SIMILAR LAW).

 

THIS CERTIFICATE REPRESENTS A (I) “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE CODE AND (II) A BENEFICIAL INTEREST IN THE EXCESS INTEREST AND PROCEEDS THEREOF IN THE EXCESS INTEREST
DISTRIBUTION ACCOUNT.

 

    Exhibit A-1-3

     

    

COLEM 2022-HLNE MORTGAGE TRUST,

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-HLNE, CLASS A

 

	Pass-Through Rate:  Equal to the WAC Rate	 	 
	 	 	 
	First Distribution Date: April 12, 2022	 	 
	 	 	 
	Aggregate Initial Certificate Balance of the Class A Certificates:  $41,230,000	 	Rated Final Distribution Date:

April 2042
	 	 	 
	CUSIP: 12659JAA5

ISIN:  US12659JAA514	 	
        Initial Certificate Balance of this 

        Certificate: $[_____]

         

	
        CUSIP: U1933JAA3

        ISIN: USU1933JAA355

         

        CUSIP: 12659JAB3

        ISIN: US12659JAB356

         

        No.: A-[1]

         
	 	 

 

This certifies that Cede
& Co. is the registered owner of the Percentage Interest evidenced by this Certificate in the distributions to be made from
the Trust Fund with respect to the Class A Certificates. The Trust Fund consists primarily of four promissory notes secured by
certain Collateral held in trust by the Trustee evidencing a fixed rate loan (the “Trust Loan”). The Trust Fund
was created, and the Mortgage Loan is to be serviced, pursuant to the Trust and Servicing Agreement (as defined below). The Holder
of this Certificate, by virtue of the acceptance hereof, assents to the terms, provisions and conditions of the Trust and Servicing
Agreement and is bound thereby. Also issued under the Trust and Servicing Agreement are the Class B, Class C, Class D, Class E,
Class VRRC and Class R Certificates (collectively with the Class A Certificates, the “Certificates”). The Trust
will also create an uncertificated VRR Interest.

 

This Certificate is issued
pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement, dated as of March 15, 2022 (the “Trust
and Servicing Agreement”), by and among Barclays Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association,
as Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee, and Computershare Trust Company, National
Association, as Certificate Administrator and Custodian. To the extent not defined herein, capitalized terms used herein shall
have the meanings assigned thereto in the Trust and Servicing Agreement.

 

 

  

		4	For Certificate sold in reliance on Rule 144A only.

 

		5	For Regulation S Global Certificate only.

 

		6	For IAI Certificate only.

 

    Exhibit A-1-4

     

    

 

Pursuant to the terms
of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 12th day of each calendar month or,
if such 12th day is not a Business Day, the next succeeding Business Day, commencing in April 2022; provided, that in no
case shall the Distribution Date be less than four Business Days from the related Determination Date (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, which will be the close
of business on the last Business Day of the calendar month immediately preceding the calendar month in which such Distribution
Date occurs, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented by this
Certificate) of that portion of the aggregate amount of principal and interest then distributable and any other amounts, if any,
allocable to the Class A Certificates for such Distribution Date, all as more fully described in the Trust and Servicing Agreement.

 

All distributions will
be made to the Persons entitled thereto by check mailed by first class mail to the address set forth therefor in the Certificate
Register or, provided that such Certificateholder shall have provided the Certificate Administrator with a written request for
payment by wire transfer, together with wire instructions, at least five Business Days prior to the related Distribution Date,
by wire transfer of immediately available funds to the account of such Certificateholder at a bank or other entity located in the
United States and having appropriate facilities therefor. The final distribution on each Certificate shall be made in like manner,
but only upon presentment and surrender of such Certificate at the location specified by the Certificate Administrator in the notice
to Certificateholders of such final distribution.

 

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loan, as more specifically
set forth herein and in the Trust and Servicing Agreement.

 

This Certificate does
not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing Agreement for the
interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities
of the Certificate Administrator. In the case of any conflict between this Certificate and the Trust and Servicing Agreement, the
Trust and Servicing Agreement shall control.

 

As provided in the Trust
and Servicing Agreement, subject to certain restrictions on transfer and other procedures set forth therein, upon surrender for
registration of transfer of any Certificate, the Certificate Registrar shall execute, authenticate and deliver, in the name of
the designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate interest
and of the same Class.

 

Prior to due presentation
of this Certificate for registration of transfer, the Trustee, the Certificate Administrator, the Servicer, the Special Servicer,
the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer or the
Certificate Registrar may treat the Person in whose name any Certificate is registered as the owner of such Certificate for the
purpose of receiving distributions as provided in the Trust and Servicing Agreement and for all other purposes whatsoever, and
none of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer, the Certificate Registrar, nor any

 

 

    Exhibit A-1-5

     

    

 

agent
of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer or the Certificate Registrar shall be affected
by any notice to the contrary.

 

The Trust and Servicing
Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer, the Special Servicer
and the Trustee, without the consent of any of the Certificateholders or the Companion Loan Holders, in certain circumstances specified
in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing Agreement. Subject to
the rights of the Companion Loan Holders to consent to certain amendments, the Trust and Servicing Agreement may also be amended
from time to time by the Depositor, the Certificate Administrator, the Servicer, the Special Servicer and the Trustee with the
written consent of the Holders of Certificates representing not less than 51% of the Percentage Interests of each Class of Certificates
(including, for the avoidance of doubt, any holder of a Class VRRC Certificate) adversely affected by the amendment for the purpose
of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing Agreement
or of modifying in any manner the rights of the Certificateholders; provided, however, that no such amendment shall (i) reduce
in any manner the amount of, or delay the timing of, payments received on the Trust Loan which are required to be distributed on
any Certificate; (ii) alter in any manner the liens on any Collateral securing payments on the Trust Loan; (iii) alter the obligations
of the Servicer, or the Trustee to make an Advance or alter the Accepted Servicing Practices set forth herein; (iv) change the
percentage of Voting Rights or Percentage Interests of Certificateholders that are required to consent to any action or inaction
under this Agreement; (v) change in any manner any defined term used in the Trust Loan Purchase Agreement or the obligations of
the Trust Loan Sellers under the Trust Loan Purchase Agreement or otherwise or change any rights of the Trust Loan Sellers as third
party beneficiaries hereunder, without the consent of the Trust Loan Sellers; or (vi) amend Section 11.1 of the Trust and Servicing
Agreement; provided, further that any amendment that materially and adversely affects the VRR Interest shall not be effective without
the consent of the VRR Interest Owner. In addition, no amendment may be made under the Trust and Servicing Agreement without the
Trustee and Certificate Administrator first receiving in writing an Opinion of Counsel, at the expense of the party requesting
the amendment, that the amendment will not result in the imposition of federal income tax on the Trust or cause either the Lower-Tier
REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC or the Grantor Trust to fail to qualify as a grantor trust under the
Code.

 

The Trust and Servicing
Agreement provides that the respective obligations and responsibilities of the Servicer, the Special Servicer, the Depositor, the
Certificate Administrator and the Trustee created with respect to the Certificates (other than the obligation to make certain payments
to the Companion Loan Holders and the obligation of the Certificate Administrator to make certain payments to Certificateholders
and the VRR Interest Owner after the final Distribution Date to the extent set forth in the Trust and Servicing Agreement and other
than the obligation of the Certificate Administrator to file final tax returns for the Upper-Tier REMIC and the Lower-Tier REMIC,
to maintain books and records of the Trust Fund for such period of time as it maintains its own books and records, and the indemnification
rights and obligations of the parties to the Trust and Servicing Agreement) shall terminate upon the last action required to be
taken by the Certificate Administrator on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement
following the later of (i) the final payment on the Certificates, the VRR Interest and the Uncertificated Lower-Tier Interests
or (ii) the liquidation of the Trust

 

    Exhibit A-1-6

     

    

 

Loan (including, without limitation, the sale of the Trust Loan in accordance with the Trust
and Servicing Agreement) or the liquidation or abandonment of the Property and all other Collateral for the Trust Loan, provided,
however, that in no event shall the trust created by the Trust and Servicing Agreement continue beyond the expiration of
twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late United States Ambassador
to the Court of St. James’s, living on the date of the Trust and Servicing Agreement.

 

Unless the certificate
of authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating
Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing Agreement or be
valid for any purpose.

 

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates
or the Mortgage Loan and has executed this Certificate in its limited capacity as Certificate Administrator under the Trust and
Servicing Agreement.

 

    Exhibit A-1-7

     

    

  

IN
WITNESS WHEREOF, the Certificate Administrator has caused this Certificate to be duly executed.

 

Dated: March 15, 2022

 

	 	COMPUTERSHARE
               TRUST COMPANY, 
 NATIONAL
               ASSOCIATION, 
 not in its individual capacity but solely as 
 Certificate Administrator
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

Certificate
of Authentication

 

This
is one of the Class A   Certificates referred to in the Trust and Servicing Agreement.

 

Dated: March 15, 2022

 

	 	COMPUTERSHARE
                                         TRUST COMPANY, 

                                         NATIONAL ASSOCIATION, 

                                         not in its individual capacity but solely as 

                                         Authenticating Agent
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

    Exhibit A-1-8

     

    

 

SCHEDULE
A

 

SCHEDULE
OF EXCHANGES

 

The
following payments of principal and exchanges of a part of this [Rule 144A Global Certificate] [Temporary Regulation S Global
Certificate] [Regulation S Global Certificate] have been made:

 

	Date
                                         of 

                                         Exchange or
                                         

                                         Payment of
                                         

                                         Principal 
	 	Certificate

Balance Prior

to Exchange or 

Payment 
	 	Certificate

Balance 

Exchanged or 

Principal 

Payment Made 
	 	Type
of 

Certificate 

Exchanged for 
	 	Remaining

Certificate 

Balance 

Following Such

Exchange or 

Payment 
	 	Notation
Made 

by 
	 
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-

 

    Exhibit A-1-9

     

    

 

ASSIGNMENT

 

FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.

 

I
(we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the
within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:

 

________________________________

 

________________________________

 

________________________________

 

Date:
__________________

 

		Signature
by or on behalf of
 Assignor(s):	 
	 	 	 
	 	 	 
	 	 	 
	 	Taxpayer Identification Number: _________

 

    Exhibit A-1-10

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
Assignee(s) should include the following for purposes of distribution:

 

Address
of the Assignee(s) for the purpose of receiving notices and distributions:

_____________________________________________________________________.

 

Distributions,
if being made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.

 

This
information is provided by _______________________________________ the Assignee(s) named above, or ________________________________________________
as its (their) agent.

 

	 	By:	 
	 	 	[Please print or type
                              name(s)]

 

		Title:	

 

		Taxpayer
Identification Number:

 

    Exhibit A-1-11

     

    

EXHIBIT A-2

 

FORM OF CLASS B CERTIFICATES

 

CLASS B

 

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”). NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED,
EXCEPT AS PERMITTED UNDER THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.

 

NO BENEFICIAL OWNERS OF THIS TEMPORARY
REGULATION S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS
HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE TRUST AND SERVICING AGREEMENT.]1

 

[UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE
REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR
TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

 

[TRANSFERS OF THIS GLOBAL CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]3

 

THIS CERTIFICATE DOES NOT REPRESENT
AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE BORROWER SPONSOR, THE BORROWER, THE SERVICER, THE SPECIAL SERVICER, THE TRUSTEE,
THE CERTIFICATE

 

 

  

		1	Temporary Regulation S Global Certificate legend.

 

		2	Legend required as long as DTC is the Depository under
the Trust and Servicing Agreement.

 

		3	Global Certificate legend.

 

 

    Exhibit A-2-1

     

    

 

ADMINISTRATOR, ANY RISK RETENTION CONSULTATION PARTY, THE 17G-5 INFORMATION PROVIDER, THE INITIAL PURCHASERS, THE
TRUST LOAN SELLERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN ARE INSURED OR
GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

PRINCIPAL PAYMENTS IN RESPECT OF THIS
CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE TRUST AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE
OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO
A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” (A “QIB”), WITHIN
THE MEANING OF RULE 144A, OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE,
PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”
IN AN “OFFSHORE TRANSACTION,” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE
SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING
OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE
INSTITUTIONS THAT ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D
UNDER THE SECURITIES ACT, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES
OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS CLASS B CERTIFICATE IS SUBORDINATED
TO THE CLASS A CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO HEREIN.

 

THIS CERTIFICATE MAY NOT BE PURCHASED
BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT
TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN (AS
DEFINED IN SECTION 3(32) OF ERISA) OR OTHER

 

    Exhibit A-2-2

     

    

 

PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS, TO A MATERIAL EXTENT,
SIMILAR TO SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF
OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE, UNLESS (A) SUCH PERSON IS AN “ACCREDITED INVESTOR”
AS DEFINED IN RULE 501(a)(1) OF REGULATION D OF THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, AND
(B) THE ACQUISITION, HOLDING AND DISPOSITION OF THE CERTIFICATES BY SUCH PERSON WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT
PROHIBITED TRANSACTION UNDER ERISA OR SECTION 4975 OF THE CODE (OR A NON-EXEMPT VIOLATION OF SIMILAR LAW).

 

THIS CERTIFICATE REPRESENTS A (I) “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE CODE AND (II) A BENEFICIAL INTEREST IN THE EXCESS INTEREST AND PROCEEDS THEREOF IN THE EXCESS INTEREST
DISTRIBUTION ACCOUNT.

 

    Exhibit A-2-3

     

    

 

COLEM 2022-HLNE MORTGAGE TRUST,

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-HLNE, CLASS B

 

	Pass-Through Rate:  Equal to the WAC Rate	 	 
	 	 	 
	First Distribution Date:  April 12, 2022	 	 
	 	 	 
	Aggregate Initial Certificate Balance of the Class B Certificates:  $53,010,000	 	Rated Final Distribution Date:

April 2042
	 	 	 
	CUSIP:  12659JAA5

ISIN:  US12659JAE734	 	
        Initial Certificate Balance of this 

        Certificate: $[_____]

         

	
        CUSIP: U1933JAC9

        ISIN: USU1933JAC905

         

        CUSIP: 12659JAF4

        ISIN: US12659JAF496

         

        No.: B-[1] 
	 	 

 

 

This certifies that Cede
& Co. is the registered owner of the Percentage Interest evidenced by this Certificate in the distributions to be made from
the Trust Fund with respect to the Class B Certificates. The Trust Fund consists primarily of four promissory notes secured by
certain Collateral held in trust by the Trustee evidencing a fixed rate loan (the “Trust Loan”). The Trust Fund
was created, and the Mortgage Loan is to be serviced, pursuant to the Trust and Servicing Agreement (as defined below). The Holder
of this Certificate, by virtue of the acceptance hereof, assents to the terms, provisions and conditions of the Trust and Servicing
Agreement and is bound thereby. Also issued under the Trust and Servicing Agreement are the Class A, Class C, Class D, Class
E, Class VRRC and Class R Certificates (collectively with the Class B Certificates, the “Certificates”). The
Trust will also create an uncertificated VRR Interest.

 

This Certificate is issued
pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement, dated as of March 15, 2022 (the “Trust
and Servicing Agreement”), by and among Barclays Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association,
as Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee, and Computershare Trust Company, National
Association, as Certificate Administrator and Custodian. To the extent not defined herein, capitalized terms used herein shall
have the meanings assigned thereto in the Trust and Servicing Agreement.

 

 

 

4       For
Certificate sold in reliance on Rule 144A only.

 

5       For
Regulation S Global Certificate only.

 

6       For
IAI Certificate only.

 

    Exhibit A-2-4

     

    

 

Pursuant to the terms
of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 12th day of each calendar month or,
if such 12th day is not a Business Day, the next succeeding Business Day, commencing in April 2022; provided, that in no
case shall the Distribution Date be less than four Business Days from the related Determination Date (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, which will be the close
of business on the last Business Day of the calendar month immediately preceding the calendar month in which such Distribution
Date occurs, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented by this
Certificate) of that portion of the aggregate amount of principal and interest then distributable and any other amounts, if any,
allocable to the Class B Certificates for such Distribution Date, all as more fully described in the Trust and Servicing Agreement.

 

All distributions will
be made to the Persons entitled thereto by check mailed by first class mail to the address set forth therefor in the Certificate
Register or, provided that such Certificateholder shall have provided the Certificate Administrator with a written request for
payment by wire transfer, together with wire instructions, at least five Business Days prior to the related Distribution Date,
by wire transfer of immediately available funds to the account of such Certificateholder at a bank or other entity located in the
United States and having appropriate facilities therefor. The final distribution on each Certificate shall be made in like manner,
but only upon presentment and surrender of such Certificate at the location specified by the Certificate Administrator in the notice
to Certificateholders of such final distribution.

 

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loan, as more specifically
set forth herein and in the Trust and Servicing Agreement.

 

This Certificate does
not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing Agreement for the
interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities
of the Certificate Administrator. In the case of any conflict between this Certificate and the Trust and Servicing Agreement, the
Trust and Servicing Agreement shall control.

 

As provided in the Trust
and Servicing Agreement, subject to certain restrictions on transfer and other procedures set forth therein, upon surrender for
registration of transfer of any Certificate, the Certificate Registrar shall execute, authenticate and deliver, in the name of
the designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate interest
and of the same Class.

 

Prior to due presentation
of this Certificate for registration of transfer, the Trustee, the Certificate Administrator, the Servicer, the Special Servicer,
the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer or the
Certificate Registrar may treat the Person in whose name any Certificate is registered as the owner of such Certificate for the
purpose of receiving distributions as provided in the Trust and Servicing Agreement and for all other purposes whatsoever, and
none of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer, the Certificate Registrar, nor any

 

    Exhibit A-2-5

     

    

 

agent
of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer or the Certificate Registrar shall be affected
by any notice to the contrary.

 

The Trust and Servicing
Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer, the Special Servicer
and the Trustee, without the consent of any of the Certificateholders or the Companion Loan Holders, in certain circumstances specified
in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing Agreement. Subject to
the rights of the Companion Loan Holders to consent to certain amendments, the Trust and Servicing Agreement may also be amended
from time to time by the Depositor, the Certificate Administrator, the Servicer, the Special Servicer and the Trustee with the
written consent of the Holders of Certificates representing not less than 51% of the Percentage Interests of each Class of Certificates
(including, for the avoidance of doubt, any holder of a Class VRRC Certificate) adversely affected by the amendment for the purpose
of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing Agreement
or of modifying in any manner the rights of the Certificateholders; provided, however, that no such amendment shall (i) reduce
in any manner the amount of, or delay the timing of, payments received on the Trust Loan which are required to be distributed on
any Certificate; (ii) alter in any manner the liens on any Collateral securing payments on the Trust Loan; (iii) alter the obligations
of the Servicer, or the Trustee to make an Advance or alter the Accepted Servicing Practices set forth herein; (iv) change the
percentage of Voting Rights or Percentage Interests of Certificateholders that are required to consent to any action or inaction
under this Agreement; (v) change in any manner any defined term used in the Trust Loan Purchase Agreement or the obligations of
the Trust Loan Sellers under the Trust Loan Purchase Agreement or otherwise or change any rights of the Trust Loan Sellers as third
party beneficiaries hereunder, without the consent of the Trust Loan Sellers; or (vi) amend Section 11.1 of the Trust and Servicing
Agreement; provided, further that any amendment that materially and adversely affects the VRR Interest shall not be effective without
the consent of the VRR Interest Owner. In addition, no amendment may be made under the Trust and Servicing Agreement without the
Trustee and Certificate Administrator first receiving in writing an Opinion of Counsel, at the expense of the party requesting
the amendment, that the amendment will not result in the imposition of federal income tax on the Trust or cause either the Lower-Tier
REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC or the Grantor Trust to fail to qualify as a grantor trust under the
Code.

 

The Trust and Servicing
Agreement provides that the respective obligations and responsibilities of the Servicer, the Special Servicer, the Depositor, the
Certificate Administrator and the Trustee created with respect to the Certificates (other than the obligation to make certain payments
to the Companion Loan Holders and the obligation of the Certificate Administrator to make certain payments to Certificateholders
and the VRR Interest Owner after the final Distribution Date to the extent set forth in the Trust and Servicing Agreement and other
than the obligation of the Certificate Administrator to file final tax returns for the Upper-Tier REMIC and the Lower-Tier REMIC,
to maintain books and records of the Trust Fund for such period of time as it maintains its own books and records, and the indemnification
rights and obligations of the parties to the Trust and Servicing Agreement) shall terminate upon the last action required to be
taken by the Certificate Administrator on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement
following the later of (i) the final payment on the Certificates, the VRR Interest and the Uncertificated Lower-Tier Interests
or (ii) the liquidation of the Trust

 

    Exhibit A-2-6

     

    

 

Loan (including, without limitation, the sale of the Trust Loan in accordance with the Trust
and Servicing Agreement) or the liquidation or abandonment of the Property and all other Collateral for the Trust Loan, provided,
however, that in no event shall the trust created by the Trust and Servicing Agreement continue beyond the expiration of
twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late United States Ambassador
to the Court of St. James’s, living on the date of the Trust and Servicing Agreement.

 

Unless the certificate
of authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating
Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing Agreement or be
valid for any purpose.

 

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates
or the Mortgage Loan and has executed this Certificate in its limited capacity as Certificate Administrator under the Trust and
Servicing Agreement.

 

    Exhibit A-2-7

     

    

 

 

IN
WITNESS WHEREOF, the Certificate Administrator has caused this Certificate to be duly executed.

 

Dated: March 15, 2022

 

	 	COMPUTERSHARE
               TRUST COMPANY, 
 NATIONAL
               ASSOCIATION, 
 not in its individual capacity but solely as 
 Certificate Administrator
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

Certificate
of Authentication

 

This
is one of the Class B    Certificates referred to in the Trust and Servicing Agreement.

 

Dated: March 15, 2022

 

	 	COMPUTERSHARE
                                         TRUST COMPANY, 

                                         NATIONAL ASSOCIATION, 

                                         not in its individual capacity but solely as 

                                         Authenticating Agent
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

    Exhibit A-2-8

     

    

 

SCHEDULE
A

 

SCHEDULE
OF EXCHANGES

 

The
following payments of principal and exchanges of a part of this [Rule 144A Global Certificate] [Temporary Regulation S Global
Certificate] [Regulation S Global Certificate] have been made:

 

	Date
                                         of 

                                         Exchange or
                                         

                                         Payment of
                                         

                                         Principal 
	 	Certificate

Balance Prior

to Exchange or 

Payment 
	 	Certificate

Balance 

Exchanged or 

Principal 

Payment Made 
	 	Type
of 

Certificate 

Exchanged for 
	 	Remaining

Certificate 

Balance 

Following Such

Exchange or 

Payment 
	 	Notation
Made 

by 
	 
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-

 

    Exhibit A-2-9

     

    

 

ASSIGNMENT

 

FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.

 

I
(we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the
within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:

 

________________________________

 

________________________________

 

________________________________

 

Date:
__________________

 

		Signature
by or on behalf of
 Assignor(s):	 
	 	 	 
	 	 	 
	 	 	 
	 	Taxpayer Identification Number: _________

 

    Exhibit A-2-10

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
Assignee(s) should include the following for purposes of distribution:

 

Address
of the Assignee(s) for the purpose of receiving notices and distributions:

_____________________________________________________________________.

 

Distributions,
if being made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.

 

This
information is provided by _______________________________________ the Assignee(s) named above, or ________________________________________________
as its (their) agent.

 

	 	By:	 
	 	 	[Please print or type
                              name(s)]

 

		Title:	

 

		Taxpayer
Identification Number:

 

    Exhibit A-2-11

     

    

EXHIBIT A-3

 

FORM OF CLASS C CERTIFICATES

 

CLASS C

 

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”). NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED,
EXCEPT AS PERMITTED UNDER THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.

 

NO BENEFICIAL OWNERS OF THIS TEMPORARY
REGULATION S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS
HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE TRUST AND SERVICING AGREEMENT.]1

 

[UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE
REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR
TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

 

[TRANSFERS OF THIS GLOBAL CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]3

 

THIS CERTIFICATE DOES NOT REPRESENT
AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE BORROWER SPONSOR, THE BORROWER, THE SERVICER, THE SPECIAL SERVICER, THE TRUSTEE,
THE CERTIFICATE

 

 

 

1       Temporary
Regulation S Global Certificate legend.

 

2       Legend
required as long as DTC is the Depository under the Trust and Servicing Agreement.

 

3       Global
Certificate legend.

 

    Exhibit A-3-1

     

    

 

ADMINISTRATOR, ANY RISK RETENTION CONSULTATION PARTY, THE 17G-5 INFORMATION PROVIDER, THE INITIAL PURCHASERS, THE
TRUST LOAN SELLERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN ARE INSURED OR
GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

PRINCIPAL PAYMENTS IN RESPECT OF THIS
CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE TRUST AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE
OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO
A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” (A “QIB”), WITHIN
THE MEANING OF RULE 144A, OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE,
PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”
IN AN “OFFSHORE TRANSACTION,” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE
SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING
OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE
INSTITUTIONS THAT ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D
UNDER THE SECURITIES ACT, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES
OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS CLASS C CERTIFICATE IS SUBORDINATED
TO THE CLASS A AND CLASS B CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO HEREIN.

 

THIS CERTIFICATE MAY NOT BE PURCHASED
BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT
TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN (AS
DEFINED IN SECTION 3(32) OF ERISA) OR OTHER

 

    Exhibit A-3-2

     

    

 

PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS, TO A MATERIAL EXTENT,
SIMILAR TO SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF
OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE, UNLESS (A) SUCH PERSON IS AN “ACCREDITED INVESTOR”
AS DEFINED IN RULE 501(a)(1) OF REGULATION D OF THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, AND
(B) THE ACQUISITION, HOLDING AND DISPOSITION OF THE CERTIFICATES BY SUCH PERSON WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT
PROHIBITED TRANSACTION UNDER ERISA OR SECTION 4975 OF THE CODE (OR A NON-EXEMPT VIOLATION OF SIMILAR LAW).

 

THIS CERTIFICATE REPRESENTS A (I) “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE CODE AND (II) A BENEFICIAL INTEREST IN THE EXCESS INTEREST AND PROCEEDS THEREOF IN THE EXCESS INTEREST
DISTRIBUTION ACCOUNT.

 

    Exhibit A-3-3

     

    

COLEM 2022-HLNE MORTGAGE TRUST,

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-HLNE, CLASS C

 

	Pass-Through Rate:  Equal to the WAC Rate	 	 
	 	 	 
	First Distribution Date:  April 12, 2022	 	 
	 	 	 
	Aggregate Initial Certificate Balance of the Class C Certificates:  $47,785,000	 	Rated Final Distribution Date:

April 2042
	 	 	 
	CUSIP:  12659JAG2

ISIN: US12659JAG224	 	
        Initial Certificate Balance of this 

        Certificate: $[_____]

         

	
        CUSIP: U1933JAD7

        ISIN: USU1933JAD735

         

        CUSIP: 12659JAH0

        ISIN: US12659JAH056

         

        No.: C-[1] 
	 	 

 

This certifies that Cede
& Co. is the registered owner of the Percentage Interest evidenced by this Certificate in the distributions to be made from
the Trust Fund with respect to the Class C Certificates. The Trust Fund consists primarily of four promissory notes secured by
certain Collateral held in trust by the Trustee evidencing a fixed rate loan (the “Trust Loan”). The Trust Fund
was created, and the Mortgage Loan is to be serviced, pursuant to the Trust and Servicing Agreement (as defined below). The Holder
of this Certificate, by virtue of the acceptance hereof, assents to the terms, provisions and conditions of the Trust and Servicing
Agreement and is bound thereby. Also issued under the Trust and Servicing Agreement are the Class A, Class B, Class D, Class
E, Class VRRC and Class R Certificates (collectively with the Class C Certificates, the “Certificates”). The
Trust will also create an uncertificated VRR Interest.

 

This Certificate is issued
pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement, dated as of March 15, 2022 (the “Trust
and Servicing Agreement”), by and among Barclays Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association,
as Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee, and Computershare Trust Company, National
Association, as Certificate Administrator and Custodian. To the extent not defined herein, capitalized terms used herein shall
have the meanings assigned thereto in the Trust and Servicing Agreement.

 

 

  

4       For
Certificate sold in reliance on Rule 144A only.

 

5       For
Regulation S Global Certificate only.

 

6       For
IAI Certificate only.

 

    Exhibit A-3-4

     

    

 

Pursuant to the terms
of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 12th day of each calendar month or,
if such 12th day is not a Business Day, the next succeeding Business Day, commencing in April 2022; provided, that in no
case shall the Distribution Date be less than four Business Days from the related Determination Date (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, which will be the close
of business on the last Business Day of the calendar month immediately preceding the calendar month in which such Distribution
Date occurs, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented by this
Certificate) of that portion of the aggregate amount of principal and interest then distributable and any other amounts, if any,
allocable to the Class C Certificates for such Distribution Date, all as more fully described in the Trust and Servicing Agreement.

 

All distributions will
be made to the Persons entitled thereto by check mailed by first class mail to the address set forth therefor in the Certificate
Register or, provided that such Certificateholder shall have provided the Certificate Administrator with a written request for
payment by wire transfer, together with wire instructions, at least five Business Days prior to the related Distribution Date,
by wire transfer of immediately available funds to the account of such Certificateholder at a bank or other entity located in the
United States and having appropriate facilities therefor. The final distribution on each Certificate shall be made in like manner,
but only upon presentment and surrender of such Certificate at the location specified by the Certificate Administrator in the notice
to Certificateholders of such final distribution.

 

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loan, as more specifically
set forth herein and in the Trust and Servicing Agreement.

 

This Certificate does
not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing Agreement for the
interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities
of the Certificate Administrator. In the case of any conflict between this Certificate and the Trust and Servicing Agreement, the
Trust and Servicing Agreement shall control.

 

As provided in the Trust
and Servicing Agreement, subject to certain restrictions on transfer and other procedures set forth therein, upon surrender for
registration of transfer of any Certificate, the Certificate Registrar shall execute, authenticate and deliver, in the name of
the designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate interest
and of the same Class.

 

Prior to due presentation
of this Certificate for registration of transfer, the Trustee, the Certificate Administrator, the Servicer, the Special Servicer,
the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer or the
Certificate Registrar may treat the Person in whose name any Certificate is registered as the owner of such Certificate for the
purpose of receiving distributions as provided in the Trust and Servicing Agreement and for all other purposes whatsoever, and
none of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer, the Certificate Registrar, nor any

 

    Exhibit A-3-5

     

    

 

agent
of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer or the Certificate Registrar shall be affected
by any notice to the contrary.

 

The Trust and Servicing
Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer, the Special Servicer
and the Trustee, without the consent of any of the Certificateholders or the Companion Loan Holders, in certain circumstances specified
in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing Agreement. Subject to
the rights of the Companion Loan Holders to consent to certain amendments, the Trust and Servicing Agreement may also be amended
from time to time by the Depositor, the Certificate Administrator, the Servicer, the Special Servicer and the Trustee with the
written consent of the Holders of Certificates representing not less than 51% of the Percentage Interests of each Class of Certificates
(including, for the avoidance of doubt, any holder of a Class VRRC Certificate) adversely affected by the amendment for the purpose
of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing Agreement
or of modifying in any manner the rights of the Certificateholders; provided, however, that no such amendment shall (i) reduce
in any manner the amount of, or delay the timing of, payments received on the Trust Loan which are required to be distributed on
any Certificate; (ii) alter in any manner the liens on any Collateral securing payments on the Trust Loan; (iii) alter the obligations
of the Servicer, or the Trustee to make an Advance or alter the Accepted Servicing Practices set forth herein; (iv) change the
percentage of Voting Rights or Percentage Interests of Certificateholders that are required to consent to any action or inaction
under this Agreement; (v) change in any manner any defined term used in the Trust Loan Purchase Agreement or the obligations of
the Trust Loan Sellers under the Trust Loan Purchase Agreement or otherwise or change any rights of the Trust Loan Sellers as third
party beneficiaries hereunder, without the consent of the Trust Loan Sellers; or (vi) amend Section 11.1 of the Trust and Servicing
Agreement; provided, further that any amendment that materially and adversely affects the VRR Interest shall not be effective without
the consent of the VRR Interest Owner. In addition, no amendment may be made under the Trust and Servicing Agreement without the
Trustee and Certificate Administrator first receiving in writing an Opinion of Counsel, at the expense of the party requesting
the amendment, that the amendment will not result in the imposition of federal income tax on the Trust or cause either the Lower-Tier
REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC or the Grantor Trust to fail to qualify as a grantor trust under the
Code.

 

The Trust and Servicing
Agreement provides that the respective obligations and responsibilities of the Servicer, the Special Servicer, the Depositor, the
Certificate Administrator and the Trustee created with respect to the Certificates (other than the obligation to make certain payments
to the Companion Loan Holders and the obligation of the Certificate Administrator to make certain payments to Certificateholders
and the VRR Interest Owner after the final Distribution Date to the extent set forth in the Trust and Servicing Agreement and other
than the obligation of the Certificate Administrator to file final tax returns for the Upper-Tier REMIC and the Lower-Tier REMIC,
to maintain books and records of the Trust Fund for such period of time as it maintains its own books and records, and the indemnification
rights and obligations of the parties to the Trust and Servicing Agreement) shall terminate upon the last action required to be
taken by the Certificate Administrator on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement
following the later of (i) the final payment on the Certificates, the VRR Interest and the Uncertificated Lower-Tier Interests
or (ii) the liquidation of the Trust

 

    Exhibit A-3-6

     

    

 

Loan (including, without limitation, the sale of the Trust Loan in accordance with the Trust
and Servicing Agreement) or the liquidation or abandonment of the Property and all other Collateral for the Trust Loan, provided,
however, that in no event shall the trust created by the Trust and Servicing Agreement continue beyond the expiration of
twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late United States Ambassador
to the Court of St. James’s, living on the date of the Trust and Servicing Agreement.

 

Unless the certificate
of authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating
Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing Agreement or be
valid for any purpose.

 

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates
or the Mortgage Loan and has executed this Certificate in its limited capacity as Certificate Administrator under the Trust and
Servicing Agreement.

 

    Exhibit A-3-7

     

    

 

 

IN
WITNESS WHEREOF, the Certificate Administrator has caused this Certificate to be duly executed.

 

Dated: March 15, 2022

 

	 	COMPUTERSHARE
               TRUST COMPANY, 
 NATIONAL
               ASSOCIATION, 
 not in its individual capacity but solely as 
 Certificate Administrator
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

Certificate
of Authentication

 

This
is one of the Class    C Certificates referred to in the Trust and Servicing Agreement.

 

Dated: March 15, 2022

 

	 	COMPUTERSHARE
                                         TRUST COMPANY, 

                                         NATIONAL ASSOCIATION, 

                                         not in its individual capacity but solely as 

                                         Authenticating Agent
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

    Exhibit A-3-8

     

    

 

SCHEDULE
A

 

SCHEDULE
OF EXCHANGES

 

The
following payments of principal and exchanges of a part of this [Rule 144A Global Certificate] [Temporary Regulation S Global
Certificate] [Regulation S Global Certificate] have been made:

 

	Date
                                         of 

                                         Exchange or
                                         

                                         Payment of
                                         

                                         Principal 
	 	Certificate

Balance Prior

to Exchange or 

Payment 
	 	Certificate

Balance 

Exchanged or 

Principal 

Payment Made 
	 	Type
of 

Certificate 

Exchanged for 
	 	Remaining

Certificate 

Balance 

Following Such

Exchange or 

Payment 
	 	Notation
Made 

by 
	 
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-

 

    Exhibit A-3-9

     

    

 

ASSIGNMENT

 

FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.

 

I
(we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the
within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:

 

________________________________

 

________________________________

 

________________________________

 

Date:
__________________

 

		Signature
by or on behalf of
 Assignor(s):	 
	 	 	 
	 	 	 
	 	 	 
	 	Taxpayer Identification Number: _________

 

    Exhibit A-3-10

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
Assignee(s) should include the following for purposes of distribution:

 

Address
of the Assignee(s) for the purpose of receiving notices and distributions:

_____________________________________________________________________.

 

Distributions,
if being made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.

 

This
information is provided by _______________________________________ the Assignee(s) named above, or ________________________________________________
as its (their) agent.

 

	 	By:	 
	 	 	[Please print or type
                              name(s)]

 

		Title:	

 

		Taxpayer
Identification Number:

 

    Exhibit A-3-11

     

    

EXHIBIT A-4

 

FORM OF CLASS D CERTIFICATES

 

CLASS D

 

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”). NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED,
EXCEPT AS PERMITTED UNDER THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.

 

NO BENEFICIAL OWNERS OF THIS TEMPORARY
REGULATION S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS
HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE TRUST AND SERVICING AGREEMENT.]1

 

[UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE
REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR
TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

 

[TRANSFERS OF THIS GLOBAL CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]3

 

THIS CERTIFICATE DOES NOT REPRESENT
AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE BORROWER SPONSOR, THE BORROWER, THE SERVICER, THE SPECIAL SERVICER, THE TRUSTEE,
THE CERTIFICATE

 

 

 

		1	Temporary Regulation S Global Certificate legend.

 

		2	Legend required as long as DTC is the Depository under
the Trust and Servicing Agreement.

 

		3	Global Certificate legend.

 

    Exhibit A-4-1

     

    

 

ADMINISTRATOR, ANY RISK RETENTION CONSULTATION PARTY, THE 17G-5 INFORMATION PROVIDER, THE INITIAL PURCHASERS, THE
TRUST LOAN SELLERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN ARE INSURED OR
GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

PRINCIPAL PAYMENTS IN RESPECT OF THIS
CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE TRUST AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE
OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO
A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” (A “QIB”), WITHIN
THE MEANING OF RULE 144A, OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE,
PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”
IN AN “OFFSHORE TRANSACTION,” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE
SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING
OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE
INSTITUTIONS THAT ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D
UNDER THE SECURITIES ACT, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES
OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS CLASS D CERTIFICATE IS SUBORDINATED
TO THE CLASS A, CLASS B AND CLASS C CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO
HEREIN.

 

THIS CERTIFICATE MAY NOT BE PURCHASED
BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT
TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN (AS
DEFINED IN SECTION 3(32) OF ERISA) OR OTHER

 

    Exhibit A-4-2

     

    

 

PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS, TO A MATERIAL EXTENT,
SIMILAR TO SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF
OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE, UNLESS (A) SUCH PERSON IS AN “ACCREDITED INVESTOR”
AS DEFINED IN RULE 501(a)(1) OF REGULATION D OF THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, AND
(B) THE ACQUISITION, HOLDING AND DISPOSITION OF THE CERTIFICATES BY SUCH PERSON WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT
PROHIBITED TRANSACTION UNDER ERISA OR SECTION 4975 OF THE CODE (OR A NON-EXEMPT VIOLATION OF SIMILAR LAW).

 

THIS CERTIFICATE REPRESENTS A (I) “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE CODE AND (II) A BENEFICIAL INTEREST IN THE EXCESS INTEREST AND PROCEEDS THEREOF IN THE EXCESS INTEREST
DISTRIBUTION ACCOUNT.

 

    Exhibit A-4-3

     

    

COLEM 2022-HLNE MORTGAGE TRUST,

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-HLNE, CLASS D

 

	Pass-Through Rate:  Equal to the WAC Rate	 	 
	 	 	 
	First Distribution Date:  April 12, 2022	 	 
	 	 	 
	Aggregate Initial Certificate Balance of the Class D Certificates:  $132,000,000	 	Rated Final Distribution Date:

April 2042
	 	 	 
	CUSIP:  12659JAJ6

ISIN:  US12659JAJ604	 	
        Initial Certificate Balance of this 

        Certificate: $[_____]

         

	
        CUSIP: U1933JAE5

        ISIN: USU1933JAE565

         

        CUSIP: 12659JAK3

        ISIN: US12659JAK346

         

        No.: D-[1] 
	 	 

 

This certifies that Cede
& Co. is the registered owner of the Percentage Interest evidenced by this Certificate in the distributions to be made from
the Trust Fund with respect to the Class D Certificates. The Trust Fund consists primarily of four promissory notes secured by
certain Collateral held in trust by the Trustee evidencing a fixed rate loan (the “Trust Loan”). The Trust Fund
was created, and the Mortgage Loan is to be serviced, pursuant to the Trust and Servicing Agreement (as defined below). The Holder
of this Certificate, by virtue of the acceptance hereof, assents to the terms, provisions and conditions of the Trust and Servicing
Agreement and is bound thereby. Also issued under the Trust and Servicing Agreement are the Class A, Class B, Class C, Class
E, Class VRRC and Class R Certificates (collectively with the Class D Certificates, the “Certificates”). The
Trust will also create an uncertificated VRR Interest.

 

This Certificate is issued
pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement, dated as of March 15, 2022 (the “Trust
and Servicing Agreement”), by and among Barclays Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association,
as Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee, and Computershare Trust Company, National
Association, as Certificate Administrator and Custodian. To the extent not defined herein, capitalized terms used herein shall
have the meanings assigned thereto in the Trust and Servicing Agreement.

 

 

 

		4	For Certificate sold in reliance on Rule 144A only.

 

		5	For Regulation S Global Certificate only.

 

		6	For IAI Certificate only.

 

    Exhibit A-4-4

     

    

 

Pursuant to the terms
of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 12th day of each calendar month or,
if such 12th day is not a Business Day, the next succeeding Business Day, commencing in April 2022; provided, that in no
case shall the Distribution Date be less than four Business Days from the related Determination Date (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, which will be the close
of business on the last Business Day of the calendar month immediately preceding the calendar month in which such Distribution
Date occurs, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented by this
Certificate) of that portion of the aggregate amount of principal and interest then distributable and any other amounts, if any,
allocable to the Class D Certificates for such Distribution Date, all as more fully described in the Trust and Servicing Agreement.

 

All distributions will
be made to the Persons entitled thereto by check mailed by first class mail to the address set forth therefor in the Certificate
Register or, provided that such Certificateholder shall have provided the Certificate Administrator with a written request for
payment by wire transfer, together with wire instructions, at least five Business Days prior to the related Distribution Date,
by wire transfer of immediately available funds to the account of such Certificateholder at a bank or other entity located in the
United States and having appropriate facilities therefor. The final distribution on each Certificate shall be made in like manner,
but only upon presentment and surrender of such Certificate at the location specified by the Certificate Administrator in the notice
to Certificateholders of such final distribution.

 

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loan, as more specifically
set forth herein and in the Trust and Servicing Agreement.

 

This Certificate does
not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing Agreement for the
interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities
of the Certificate Administrator. In the case of any conflict between this Certificate and the Trust and Servicing Agreement, the
Trust and Servicing Agreement shall control.

 

As provided in the Trust
and Servicing Agreement, subject to certain restrictions on transfer and other procedures set forth therein, upon surrender for
registration of transfer of any Certificate, the Certificate Registrar shall execute, authenticate and deliver, in the name of
the designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate interest
and of the same Class.

 

Prior to due presentation
of this Certificate for registration of transfer, the Trustee, the Certificate Administrator, the Servicer, the Special Servicer,
the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer or the
Certificate Registrar may treat the Person in whose name any Certificate is registered as the owner of such Certificate for the
purpose of receiving distributions as provided in the Trust and Servicing Agreement and for all other purposes whatsoever, and
none of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer, the Certificate Registrar, nor any

 

    Exhibit A-4-5

     

    

 

agent
of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer or the Certificate Registrar shall be affected
by any notice to the contrary.

 

The Trust and Servicing
Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer, the Special Servicer
and the Trustee, without the consent of any of the Certificateholders or the Companion Loan Holders, in certain circumstances specified
in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing Agreement. Subject to
the rights of the Companion Loan Holders to consent to certain amendments, the Trust and Servicing Agreement may also be amended
from time to time by the Depositor, the Certificate Administrator, the Servicer, the Special Servicer and the Trustee with the
written consent of the Holders of Certificates representing not less than 51% of the Percentage Interests of each Class of Certificates
(including, for the avoidance of doubt, any holder of a Class VRRC Certificate) adversely affected by the amendment for the purpose
of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing Agreement
or of modifying in any manner the rights of the Certificateholders; provided, however, that no such amendment shall (i) reduce
in any manner the amount of, or delay the timing of, payments received on the Trust Loan which are required to be distributed on
any Certificate; (ii) alter in any manner the liens on any Collateral securing payments on the Trust Loan; (iii) alter the obligations
of the Servicer, or the Trustee to make an Advance or alter the Accepted Servicing Practices set forth herein; (iv) change the
percentage of Voting Rights or Percentage Interests of Certificateholders that are required to consent to any action or inaction
under this Agreement; (v) change in any manner any defined term used in the Trust Loan Purchase Agreement or the obligations of
the Trust Loan Sellers under the Trust Loan Purchase Agreement or otherwise or change any rights of the Trust Loan Sellers as third
party beneficiaries hereunder, without the consent of the Trust Loan Sellers; or (vi) amend Section 11.1 of the Trust and Servicing
Agreement; provided, further that any amendment that materially and adversely affects the VRR Interest shall not be effective without
the consent of the VRR Interest Owner. In addition, no amendment may be made under the Trust and Servicing Agreement without the
Trustee and Certificate Administrator first receiving in writing an Opinion of Counsel, at the expense of the party requesting
the amendment, that the amendment will not result in the imposition of federal income tax on the Trust or cause either the Lower-Tier
REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC or the Grantor Trust to fail to qualify as a grantor trust under the
Code.

 

The Trust and Servicing
Agreement provides that the respective obligations and responsibilities of the Servicer, the Special Servicer, the Depositor, the
Certificate Administrator and the Trustee created with respect to the Certificates (other than the obligation to make certain payments
to the Companion Loan Holders and the obligation of the Certificate Administrator to make certain payments to Certificateholders
and the VRR Interest Owner after the final Distribution Date to the extent set forth in the Trust and Servicing Agreement and other
than the obligation of the Certificate Administrator to file final tax returns for the Upper-Tier REMIC and the Lower-Tier REMIC,
to maintain books and records of the Trust Fund for such period of time as it maintains its own books and records, and the indemnification
rights and obligations of the parties to the Trust and Servicing Agreement) shall terminate upon the last action required to be
taken by the Certificate Administrator on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement
following the later of (i) the final payment on the Certificates, the VRR Interest and the Uncertificated Lower-Tier Interests
or (ii) the liquidation of the Trust

 

    Exhibit A-4-6

     

    

 

Loan (including, without limitation, the sale of the Trust Loan in accordance with the Trust
and Servicing Agreement) or the liquidation or abandonment of the Property and all other Collateral for the Trust Loan, provided,
however, that in no event shall the trust created by the Trust and Servicing Agreement continue beyond the expiration of
twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late United States Ambassador
to the Court of St. James’s, living on the date of the Trust and Servicing Agreement.

 

Unless the certificate
of authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating
Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing Agreement or be
valid for any purpose.

 

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates
or the Mortgage Loan and has executed this Certificate in its limited capacity as Certificate Administrator under the Trust and
Servicing Agreement.

 

    Exhibit A-4-7

     

    

 

 

IN
WITNESS WHEREOF, the Certificate Administrator has caused this Certificate to be duly executed.

 

Dated: March 15, 2022

 

	 	COMPUTERSHARE
               TRUST COMPANY, 
 NATIONAL
               ASSOCIATION, 
 not in its individual capacity but solely as 
 Certificate Administrator
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

Certificate
of Authentication

 

This
is one of the Class D   Certificates referred to in the Trust and Servicing Agreement.

 

Dated: March 15, 2022

 

	 	COMPUTERSHARE
                                         TRUST COMPANY, 

                                         NATIONAL ASSOCIATION, 

                                         not in its individual capacity but solely as 

                                         Authenticating Agent
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

    Exhibit A-4-8

     

    

 

SCHEDULE
A

 

SCHEDULE
OF EXCHANGES

 

The
following payments of principal and exchanges of a part of this [Rule 144A Global Certificate] [Temporary Regulation S Global
Certificate] [Regulation S Global Certificate] have been made:

 

	Date
                                         of 

                                         Exchange or
                                         

                                         Payment of
                                         

                                         Principal 
	 	Certificate

Balance Prior

to Exchange or 

Payment 
	 	Certificate

Balance 

Exchanged or 

Principal 

Payment Made 
	 	Type
of 

Certificate 

Exchanged for 
	 	Remaining

Certificate 

Balance 

Following Such

Exchange or 

Payment 
	 	Notation
Made 

by 
	 
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-

 

    Exhibit A-4-9

     

    

 

ASSIGNMENT

 

FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.

 

I
(we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the
within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:

 

________________________________

 

________________________________

 

________________________________

 

Date:
__________________

 

		Signature
by or on behalf of
 Assignor(s):	 
	 	 	 
	 	 	 
	 	 	 
	 	Taxpayer Identification Number: _________

 

    Exhibit A-4-10

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
Assignee(s) should include the following for purposes of distribution:

 

Address
of the Assignee(s) for the purpose of receiving notices and distributions:

_____________________________________________________________________.

 

Distributions,
if being made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.

 

This
information is provided by _______________________________________ the Assignee(s) named above, or ________________________________________________
as its (their) agent.

 

	 	By:	 
	 	 	[Please print or type
                              name(s)]

 

		Title:	

 

		Taxpayer
Identification Number:

 

 

    Exhibit A-4-11

     

    

EXHIBIT A-5

 

FORM OF CLASS E CERTIFICATES

 

CLASS E

 

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”). NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED,
EXCEPT AS PERMITTED UNDER THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.

 

NO BENEFICIAL OWNERS OF THIS TEMPORARY
REGULATION S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS
HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE TRUST AND SERVICING AGREEMENT.]1

 

[UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE
REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR
TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

 

[TRANSFERS OF THIS GLOBAL CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]3

 

THIS CERTIFICATE DOES NOT REPRESENT
AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE BORROWER SPONSOR, THE BORROWER, THE

 

 

 

		1	Temporary Regulation S Global Certificate legend.

 

		2	Legend required as long as DTC is the Depository under
the Trust and Servicing Agreement.

 

		3	Global Certificate legend.

 

    Exhibit A-5-1

     

    

 

SERVICER, THE SPECIAL SERVICER, THE TRUSTEE,
THE CERTIFICATE ADMINISTRATOR, ANY RISK RETENTION CONSULTATION PARTY, THE 17G-5 INFORMATION PROVIDER, THE INITIAL PURCHASERS, THE
TRUST LOAN SELLERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN ARE INSURED OR
GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

PRINCIPAL PAYMENTS IN RESPECT OF THIS
CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE TRUST AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE
OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”)
TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” (A “QIB”),
WITHIN THE MEANING OF RULE 144A, OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER,
RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS NOT A “U.S.
PERSON” IN AN “OFFSHORE TRANSACTION,” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION
S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR”
WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL OF THE
EQUITY OWNERS ARE INSTITUTIONS THAT ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE
OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS CLASS E CERTIFICATE IS SUBORDINATED
TO THE CLASS A, CLASS B, CLASS C AND CLASS D CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED
TO HEREIN.

 

THIS CERTIFICATE MAY NOT BE PURCHASED
BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT
TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A

 

    Exhibit A-5-2

     

    

 

GOVERNMENTAL PLAN (AS
DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS, TO A MATERIAL EXTENT,
SIMILAR TO SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF
OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE, UNLESS (A) SUCH PERSON IS AN “ACCREDITED INVESTOR”
AS DEFINED IN RULE 501(a)(1) OF REGULATION D OF THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, AND
(B) THE ACQUISITION, HOLDING AND DISPOSITION OF THE CERTIFICATES BY SUCH PERSON WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT
PROHIBITED TRANSACTION UNDER ERISA OR SECTION 4975 OF THE CODE (OR A NON-EXEMPT VIOLATION OF SIMILAR LAW).

 

THIS CERTIFICATE REPRESENTS A (I) “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE CODE AND (II) A BENEFICIAL INTEREST IN THE EXCESS INTEREST AND PROCEEDS THEREOF IN THE EXCESS INTEREST
DISTRIBUTION ACCOUNT.

 

    Exhibit A-5-3

     

    

COLEM 2022-HLNE MORTGAGE TRUST,

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-HLNE, CLASS E

 

	Pass-Through Rate:  Equal to the WAC Rate	 
	 	 
	First Distribution Date: April 12, 2022	 
	 	 
	Aggregate Initial Certificate Balance of the Class E Certificates:  $20,000,000	Rated Final Distribution Date:

April 2042
	 	 
	CUSIP: 12659JAC1

ISIN:  US12659JAC184	
        Initial Certificate Balance of this 

        Certificate: $[_____]

         

	 	 
	
        CUSIP: U1933JAB1

        ISIN: USU1933JAB185

         

        CUSIP: 12659JAD9

        ISIN: US12659JAD906

         

        No.: E-[1] 
	 

 

This certifies that Cede
& Co. is the registered owner of the Percentage Interest evidenced by this Certificate in the distributions to be made from
the Trust Fund with respect to the Class E Certificates. The Trust Fund consists primarily of four promissory notes secured by
certain Collateral held in trust by the Trustee evidencing a fixed rate loan (the “Trust Loan”). The Trust Fund
was created, and the Mortgage Loan is to be serviced, pursuant to the Trust and Servicing Agreement (as defined below). The Holder
of this Certificate, by virtue of the acceptance hereof, assents to the terms, provisions and conditions of the Trust and Servicing
Agreement and is bound thereby. Also issued under the Trust and Servicing Agreement are the Class A, Class B, Class C, Class D,
Class VRRC and Class R Certificates (collectively with the Class E Certificates, the “Certificates”). The Trust
will also create an uncertificated VRR Interest.

 

This Certificate is issued
pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement, dated as of March 15, 2022 (the “Trust
and Servicing Agreement”), by and among Barclays Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association,
as Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee, and Computershare Trust Company, National
Association, as Certificate Administrator and Custodian. To the extent not defined herein, capitalized terms used herein shall
have the meanings assigned thereto in the Trust and Servicing Agreement.

 

 

 

		4	For Certificate sold in reliance on Rule 144A only.

 

		5	For Regulation S Global Certificate only.

 

		6	For IAI Certificate only.

 

    Exhibit A-5-4

     

    

 

Pursuant to the terms
of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 12th day of each calendar month or,
if such 12th day is not a Business Day, the next succeeding Business Day, commencing in April 2022; provided, that in no
case shall the Distribution Date be less than four Business Days from the related Determination Date (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, which will be the close
of business on the last Business Day of the calendar month immediately preceding the calendar month in which such Distribution
Date occurs, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented by this
Certificate) of that portion of the aggregate amount of principal and interest then distributable and any other amounts, if any,
allocable to the Class E Certificates for such Distribution Date, all as more fully described in the Trust and Servicing Agreement.

 

All distributions will
be made to the Persons entitled thereto by check mailed by first class mail to the address set forth therefor in the Certificate
Register or, provided that such Certificateholder shall have provided the Certificate Administrator with a written request for
payment by wire transfer, together with wire instructions, at least five Business Days prior to the related Distribution Date,
by wire transfer of immediately available funds to the account of such Certificateholder at a bank or other entity located in the
United States and having appropriate facilities therefor. The final distribution on each Certificate shall be made in like manner,
but only upon presentment and surrender of such Certificate at the location specified by the Certificate Administrator in the notice
to Certificateholders of such final distribution.

 

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loan, as more specifically
set forth herein and in the Trust and Servicing Agreement.

 

This Certificate does
not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing Agreement for the
interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities
of the Certificate Administrator. In the case of any conflict between this Certificate and the Trust and Servicing Agreement, the
Trust and Servicing Agreement shall control.

 

As provided in the Trust
and Servicing Agreement, subject to certain restrictions on transfer and other procedures set forth therein, upon surrender for
registration of transfer of any Certificate, the Certificate Registrar shall execute, authenticate and deliver, in the name of
the designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate interest
and of the same Class.

 

Prior to due presentation
of this Certificate for registration of transfer, the Trustee, the Certificate Administrator, the Servicer, the Special Servicer,
the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer or the
Certificate Registrar may treat the Person in whose name any Certificate is registered as the owner of such Certificate for the
purpose of receiving distributions as provided in the Trust and Servicing Agreement and for all other purposes whatsoever, and
none of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer, the Certificate Registrar, nor any

 

    Exhibit A-5-5

     

    

 

agent
of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer or the Certificate Registrar shall be affected
by any notice to the contrary.

 

The Trust and Servicing
Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer, the Special Servicer
and the Trustee, without the consent of any of the Certificateholders or the Companion Loan Holders, in certain circumstances specified
in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing Agreement. Subject to
the rights of the Companion Loan Holders to consent to certain amendments, the Trust and Servicing Agreement may also be amended
from time to time by the Depositor, the Certificate Administrator, the Servicer, the Special Servicer and the Trustee with the
written consent of the Holders of Certificates representing not less than 51% of the Percentage Interests of each Class of Certificates
(including, for the avoidance of doubt, any holder of a Class VRRC Certificate) adversely affected by the amendment for the purpose
of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing Agreement
or of modifying in any manner the rights of the Certificateholders; provided, however, that no such amendment shall (i) reduce
in any manner the amount of, or delay the timing of, payments received on the Trust Loan which are required to be distributed on
any Certificate; (ii) alter in any manner the liens on any Collateral securing payments on the Trust Loan; (iii) alter the obligations
of the Servicer, or the Trustee to make an Advance or alter the Accepted Servicing Practices set forth herein; (iv) change the
percentage of Voting Rights or Percentage Interests of Certificateholders that are required to consent to any action or inaction
under this Agreement; (v) change in any manner any defined term used in the Trust Loan Purchase Agreement or the obligations of
the Trust Loan Sellers under the Trust Loan Purchase Agreement or otherwise or change any rights of the Trust Loan Sellers as third
party beneficiaries hereunder, without the consent of the Trust Loan Sellers; or (vi) amend Section 11.1 of the Trust and Servicing
Agreement; provided, further that any amendment that materially and adversely affects the VRR Interest shall not be effective without
the consent of the VRR Interest Owner. In addition, no amendment may be made under the Trust and Servicing Agreement without the
Trustee and Certificate Administrator first receiving in writing an Opinion of Counsel, at the expense of the party requesting
the amendment, that the amendment will not result in the imposition of federal income tax on the Trust or cause either the Lower-Tier
REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC or the Grantor Trust to fail to qualify as a grantor trust under the
Code.

 

The Trust and Servicing
Agreement provides that the respective obligations and responsibilities of the Servicer, the Special Servicer, the Depositor, the
Certificate Administrator and the Trustee created with respect to the Certificates (other than the obligation to make certain payments
to the Companion Loan Holders and the obligation of the Certificate Administrator to make certain payments to Certificateholders
and the VRR Interest Owner after the final Distribution Date to the extent set forth in the Trust and Servicing Agreement and other
than the obligation of the Certificate Administrator to file final tax returns for the Upper-Tier REMIC and the Lower-Tier REMIC,
to maintain books and records of the Trust Fund for such period of time as it maintains its own books and records, and the indemnification
rights and obligations of the parties to the Trust and Servicing Agreement) shall terminate upon the last action required to be
taken by the Certificate Administrator on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement
following the later of (i) the final payment on the Certificates, the VRR Interest and the Uncertificated Lower-Tier Interests
or (ii) the liquidation of the Trust

 

    Exhibit A-5-6

     

    

 

Loan (including, without limitation, the sale of the Trust Loan in accordance with the Trust
and Servicing Agreement) or the liquidation or abandonment of the Property and all other Collateral for the Trust Loan, provided,
however, that in no event shall the trust created by the Trust and Servicing Agreement continue beyond the expiration of
twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late United States Ambassador
to the Court of St. James’s, living on the date of the Trust and Servicing Agreement.

 

Unless the certificate
of authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating
Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing Agreement or be
valid for any purpose.

 

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates
or the Mortgage Loan and has executed this Certificate in its limited capacity as Certificate Administrator under the Trust and
Servicing Agreement.

 

    Exhibit A-5-7

     

    

 

 

IN
WITNESS WHEREOF, the Certificate Administrator has caused this Certificate to be duly executed.

 

Dated: March 15, 2022

 

	 	COMPUTERSHARE
               TRUST COMPANY, 
 NATIONAL
               ASSOCIATION, 
 not in its individual capacity but solely as 
 Certificate Administrator
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

Certificate
of Authentication

 

This
is one of the Class E   Certificates referred to in the Trust and Servicing Agreement.

 

Dated: March 15, 2022

 

	 	COMPUTERSHARE
                                         TRUST COMPANY, 

                                         NATIONAL ASSOCIATION, 

                                         not in its individual capacity but solely as 

                                         Authenticating Agent
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

    Exhibit A-5-8

     

    

 

SCHEDULE
A

 

SCHEDULE
OF EXCHANGES

 

The
following payments of principal and exchanges of a part of this [Rule 144A Global Certificate] [Temporary Regulation S Global
Certificate] [Regulation S Global Certificate] have been made:

 

	Date
                                         of 

                                         Exchange or
                                         

                                         Payment of
                                         

                                         Principal 
	 	Certificate

Balance Prior

to Exchange or 

Payment 
	 	Certificate

Balance 

Exchanged or 

Principal 

Payment Made 
	 	Type
of 

Certificate 

Exchanged for 
	 	Remaining

Certificate 

Balance 

Following Such

Exchange or 

Payment 
	 	Notation
Made 

by 
	 
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-

 

    Exhibit A-5-9

     

    

 

ASSIGNMENT

 

FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.

 

I
(we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the
within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:

 

________________________________

 

________________________________

 

________________________________

 

Date:
__________________

 

		Signature
by or on behalf of
 Assignor(s):	 
	 	 	 
	 	 	 
	 	 	 
	 	Taxpayer Identification Number: _________

 

    Exhibit A-5-10

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
Assignee(s) should include the following for purposes of distribution:

 

Address
of the Assignee(s) for the purpose of receiving notices and distributions:

_____________________________________________________________________.

 

Distributions,
if being made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.

 

This
information is provided by _______________________________________ the Assignee(s) named above, or ________________________________________________
as its (their) agent.

 

	 	By:	 
	 	 	[Please print or type
                              name(s)]

 

		Title:	

 

	Taxpayer Iden	

 

    Exhibit A-5-11

     

    

EXHIBIT A-6

 

FORM OF CLASS VRRC CERTIFICATES

 

CLASS VRRC

 

THIS CERTIFICATE IS SUBJECT TO CERTAIN
RESTRICTIONS ON TRANSFERS, HEDGING AND PLEDGING PURSUANT TO THE CREDIT RISK RETENTION RULES. THE INITIAL INVESTOR IN THIS CERTIFICATE,
AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN INTEREST HEREIN, IS DEEMED TO HAVE AGREED
TO COMPLY WITH THE TRANSFER REQUIREMENTS SET FORTH IN THE TRUST AND SERVICING AGREEMENT. THE CERTIFICATE REGISTRAR SHALL REFUSE
TO REGISTER THE TRANSFER OF THIS CERTIFICATE UNLESS SUCH TRANSFER IS IN ACCORDANCE WITH SECTION 5.3(i) OF THE TRUST AND SERVICING
AGREEMENT.

 

[FOR BOOK-ENTRY CERTIFICATES AND SOLELY
FOLLOWING THE RISK RETENTION PERIOD: UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE,
OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH
AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]1

 

[FOR BOOK-ENTRY CERTIFICATES AND SOLELY
FOLLOWING THE RISK RETENTION PERIOD: TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART,
TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL
CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE TRUST AND SERVICING AGREEMENT
REFERRED TO BELOW.]2

 

THIS CERTIFICATE DOES NOT REPRESENT
AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE BORROWER SPONSOR, THE BORROWER, THE SERVICER, THE SPECIAL SERVICER, THE TRUSTEE,
THE CERTIFICATE

 

 

  

		1	Legend required as long as DTC is the Depository under
the Trust and Servicing Agreement.

 

		2	Book-Entry Certificate legend.

 

    Exhibit A-6-1

     

    

 

ADMINISTRATOR, ANY RISK RETENTION CONSULTATION PARTY, THE 17G-5 INFORMATION PROVIDER, THE INITIAL PURCHASERS, THE
TRUST LOAN SELLERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN ARE INSURED OR
GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

PRINCIPAL PAYMENTS IN RESPECT OF THIS
CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE TRUST AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE
OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO
A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” (A “QIB”), WITHIN
THE MEANING OF RULE 144A, OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE,
PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”
IN AN “OFFSHORE TRANSACTION,” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE
SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING
OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE
INSTITUTIONS THAT ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D
UNDER THE SECURITIES ACT, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES
OR ANY OTHER APPLICABLE JURISDICTION.

 

PAYMENTS ON THIS CLASS VRRC CERTIFICATE
ARE DISTRIBUTABLE TO THE EXTENT SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO HEREIN.

 

THIS CERTIFICATE MAY NOT BE PURCHASED
BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT
TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN (AS
DEFINED IN SECTION 3(32) OF ERISA) OR OTHER

 

    Exhibit A-6-2

     

    

 

PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS, TO A MATERIAL EXTENT,
SIMILAR TO SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF
OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE, OTHER THAN AN INSURANCE COMPANY USING ASSETS OF
AN INSURANCE COMPANY GENERAL ACCOUNT UNDER CIRCUMSTANCES WHEREBY SUCH PURCHASE AND SUBSEQUENT HOLDING OF THE CERTIFICATES BY SUCH
INSURANCE COMPANY WOULD BE EXEMPT FROM THE PROHIBITED TRANSACTION PROVISIONS OF SECTION 406 OF ERISA AND SECTION 4975 OF THE CODE
UNDER SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60, OR IN THE CASE OF A PLAN THAT IS SUBJECT TO SIMILAR LAW,
WHERE THE ACQUISITION, HOLDING AND DISPOSITION OF SUCH CERTIFICATES WILL NOT CONSTITUTE OR RESULT IN A NON-EXEMPT VIOLATION OF
SIMILAR LAW.

 

THIS CERTIFICATE REPRESENTS A (I) “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(1) AND 860D OF THE CODE AND (II) A BENEFICIAL INTEREST IN THE EXCESS INTEREST AND PROCEEDS THEREOF IN THE EXCESS INTEREST
DISTRIBUTION ACCOUNT.

 

    Exhibit A-6-3

     

    

COLEM 2022-HLNE MORTGAGE TRUST,

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-HLNE, CLASS VRRC

 

	Pass-Through Rate:  The Class VRRC Certificates will not have a Pass-Through Rate but will be entitled to receive on any Distribution Date, interest in the amount equal to the WAC Rate	 	 
	First Distribution Date:  April 12, 2022	 	 
	Aggregate Initial Certificate Balance of the Class VRRC Certificates:  $10,058,750	 	Rated Final Distribution Date:
N/A
	CUSIP:  12659JAN7
	 	Initial Certificate Balance of this Certificate:  $10,058,750

 

No.: VRRC-1 

 

This certifies that Barclays
Bank PLC is the registered owner of the Percentage Interest evidenced by this Certificate in the distributions to be made from
the Trust Fund with respect to the Class VRRC Certificates. The Trust Fund consists primarily of four promissory notes secured
by certain Collateral held in trust by the Trustee evidencing a fixed rate loan (the “Trust Loan”). The Trust
Fund was created, and the Mortgage Loan is to be serviced, pursuant to the Trust and Servicing Agreement (as defined below). The
Holder of this Certificate, by virtue of the acceptance hereof, assents to the terms, provisions and conditions of the Trust and
Servicing Agreement and is bound thereby. Also issued under the Trust and Servicing Agreement are the Class A, Class B, Class C,
Class D, Class E and Class R Certificates (collectively with the Class VRRC Certificates, the “Certificates”).
The Trust will also create an uncertificated VRR Interest.

 

This Certificate is issued
pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement, dated as of March 15, 2022 (the “Trust
and Servicing Agreement”), by and among Barclays Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association,
as Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee, and Computershare Trust Company, National
Association, as Certificate Administrator and Custodian. To the extent not defined herein, capitalized terms used herein shall
have the meanings assigned thereto in the Trust and Servicing Agreement.

 

Pursuant to the terms
of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 12th day of each calendar month or,
if such 12th day is not a Business Day, the next succeeding Business Day, commencing in April 2022; provided, that in no
case shall the Distribution Date be less than four Business Days from the related Determination Date (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, which will be the close
of business on the

 

    Exhibit A-6-4

     

    

 

last Business Day of the calendar month immediately preceding the calendar month in which such Distribution
Date occurs, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented by this
Certificate) of that portion of the aggregate amount of principal and interest then distributable and any other amounts, if any,
allocable to the Class VRRC Certificates for such Distribution Date, all as more fully described in the Trust and Servicing Agreement.

 

All distributions will
be made to the Persons entitled thereto by check mailed by first class mail to the address set forth therefor in the Certificate
Register or, provided that such Certificateholder shall have provided the Certificate Administrator with a written request for
payment by wire transfer, together with wire instructions, at least five Business Days prior to the related Distribution Date,
by wire transfer of immediately available funds to the account of such Certificateholder at a bank or other entity located in the
United States and having appropriate facilities therefor. The final distribution on each Certificate shall be made in like manner,
but only upon presentment and surrender of such Certificate at the location specified by the Certificate Administrator in the notice
to Certificateholders of such final distribution.

 

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loan, as more specifically
set forth herein and in the Trust and Servicing Agreement. As provided in the Trust and Servicing Agreement, subject to certain
restrictions on transfer set forth therein, this Certificate may only be transferred upon receipt by the Certificate Administrator
of (i) a certificate from the prospective Transferee in the form set forth in the Trust and Servicing Agreement, countersigned
by the Retaining Sponsor and (ii) a certificate from the prospective Transferor in the form set forth in the Trust and Servicing
Agreement, countersigned by the Retaining Sponsor.

 

This Certificate does
not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing Agreement for the
interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities
of the Certificate Administrator. In the case of any conflict between this Certificate and the Trust and Servicing Agreement, the
Trust and Servicing Agreement shall control.

 

As provided in the Trust
and Servicing Agreement, subject to certain restrictions on transfer and other procedures set forth therein, upon surrender for
registration of transfer of any Certificate, the Certificate Registrar shall execute, authenticate and deliver, in the name of
the designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate interest
and of the same Class.

 

Prior to due presentation
of this Certificate for registration of transfer, the Trustee, the Certificate Administrator, the Servicer, the Special Servicer,
the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer or the
Certificate Registrar may treat the Person in whose name any Certificate is registered as the owner of such Certificate for the
purpose of receiving distributions as provided in the Trust and Servicing Agreement and for all other purposes whatsoever, and
none of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer, the Certificate Registrar, nor any

 

    Exhibit A-6-5

     

    

 

agent
of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer or the Certificate Registrar shall be affected
by any notice to the contrary.

 

The Trust and Servicing
Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer, the Special Servicer
and the Trustee, without the consent of any of the Certificateholders or the Companion Loan Holders, in certain circumstances specified
in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing Agreement. Subject to
the rights of the Companion Loan Holders to consent to certain amendments, the Trust and Servicing Agreement may also be amended
from time to time by the Depositor, the Certificate Administrator, the Servicer, the Special Servicer and the Trustee with the
written consent of the Holders of Certificates representing not less than 51% of the Percentage Interests of each Class of Certificates
(including, for the avoidance of doubt, any holder of a Class VRRC Certificate) adversely affected by the amendment for the purpose
of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing Agreement
or of modifying in any manner the rights of the Certificateholders; provided, however, that no such amendment shall (i) reduce
in any manner the amount of, or delay the timing of, payments received on the Trust Loan which are required to be distributed on
any Certificate; (ii) alter in any manner the liens on any Collateral securing payments on the Trust Loan; (iii) alter the obligations
of the Servicer, or the Trustee to make an Advance or alter the Accepted Servicing Practices set forth herein; (iv) change the
percentage of Voting Rights or Percentage Interests of Certificateholders that are required to consent to any action or inaction
under this Agreement; (v) change in any manner any defined term used in the Trust Loan Purchase Agreement or the obligations of
the Trust Loan Sellers under the Trust Loan Purchase Agreement or otherwise or change any rights of the Trust Loan Sellers as third
party beneficiaries hereunder, without the consent of the Trust Loan Sellers; or (vi) amend Section 11.1 of the Trust and Servicing
Agreement; provided, further that any amendment that materially and adversely affects the VRR Interest shall not be effective without
the consent of the VRR Interest Owner. In addition, no amendment may be made under the Trust and Servicing Agreement without the
Trustee and Certificate Administrator first receiving in writing an Opinion of Counsel, at the expense of the party requesting
the amendment, that the amendment will not result in the imposition of federal income tax on the Trust or cause either the Lower-Tier
REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC or the Grantor Trust to fail to qualify as a grantor trust under the
Code.

 

The Trust and Servicing
Agreement provides that the respective obligations and responsibilities of the Servicer, the Special Servicer, the Depositor, the
Certificate Administrator and the Trustee created with respect to the Certificates (other than the obligation to make certain payments
to the Companion Loan Holders and the obligation of the Certificate Administrator to make certain payments to Certificateholders
and the VRR Interest Owner after the final Distribution Date to the extent set forth in the Trust and Servicing Agreement and other
than the obligation of the Certificate Administrator to file final tax returns for the Upper-Tier REMIC and the Lower-Tier REMIC,
to maintain books and records of the Trust Fund for such period of time as it maintains its own books and records, and the indemnification
rights and obligations of the parties to the Trust and Servicing Agreement) shall terminate upon the last action required to be
taken by the Certificate Administrator on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement
following the later of (i) the final payment on the Certificates, the VRR Interest and the Uncertificated Lower-Tier Interests
or (ii) the liquidation of the Trust

 

    Exhibit A-6-6

     

    

 

Loan (including, without limitation, the sale of the Trust Loan in accordance with the Trust
and Servicing Agreement) or the liquidation or abandonment of the Property and all other Collateral for the Trust Loan, provided,
however, that in no event shall the trust created by the Trust and Servicing Agreement continue beyond the expiration of
twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late United States Ambassador
to the Court of St. James’s, living on the date of the Trust and Servicing Agreement.

 

Unless the certificate
of authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating
Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing Agreement or be
valid for any purpose.

 

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates
or the Mortgage Loan and has executed this Certificate in its limited capacity as Certificate Administrator under the Trust and
Servicing Agreement.

 

    Exhibit A-6-7

     

    

 

IN
WITNESS WHEREOF, the Certificate Administrator has caused this Certificate to be duly executed.

 

Dated: March 15, 2022

 

	 	COMPUTERSHARE
               TRUST COMPANY, 
 NATIONAL
               ASSOCIATION, 
 not in its individual capacity but solely as 
 Certificate Administrator
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

Certificate
of Authentication

 

This
is one of the Class VRRC   Certificates referred to in the Trust and Servicing Agreement.

 

Dated: March 15, 2022

 

	 	COMPUTERSHARE
                                         TRUST COMPANY, 

                                         NATIONAL ASSOCIATION, 

                                         not in its individual capacity but solely as 

                                         Authenticating Agent
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

    Exhibit A-6-8

     

    

 

SCHEDULE
A

 

SCHEDULE
OF EXCHANGES

 

The
following payments of principal and exchanges of a part of this Definitive Certificate have been made:

 

	Date
                                         of 

                                         Exchange or
                                         

                                         Payment of
                                         

                                         Principal 
	 	Certificate

Balance Prior

to Exchange or 

Payment 
	 	Certificate

Balance 

Exchanged or 

Principal 

Payment Made 
	 	Type
of 

Certificate 

Exchanged for 
	 	Remaining

Certificate 

Balance 

Following Such

Exchange or 

Payment 
	 	Notation
Made 

by 
	 
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-

 

    Exhibit A-6-9

     

    

 

ASSIGNMENT

 

FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.

 

I
(we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the
within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:

 

________________________________

 

________________________________

 

________________________________

 

Date:
__________________

 

		Signature
by or on behalf of
 Assignor(s):	 
	 	 	 
	 	 	 
	 	 	 
	 	Taxpayer Identification Number: _________

 

    Exhibit A-6-10

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
Assignee(s) should include the following for purposes of distribution:

 

Address
of the Assignee(s) for the purpose of receiving notices and distributions:

_____________________________________________________________________.

 

Distributions,
if being made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.

 

This
information is provided by _______________________________________ the Assignee(s) named above, or ________________________________________________
as its (their) agent.

 

	 	By:	 
	 	 	[Please print or type
                              name(s)]

 

		Title:	

 

 

    Exhibit A-6-11

     

    

 

EXHIBIT A-7

 

FORM OF CLASS R CERTIFICATES

 

CLASS R

 

THIS CERTIFICATE DOES NOT REPRESENT
AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE BORROWER SPONSOR, THE BORROWER, THE SERVICER, THE SPECIAL SERVICER, THE TRUSTEE,
THE CERTIFICATE ADMINISTRATOR, ANY RISK RETENTION CONSULTATION PARTY, THE 17G-5 INFORMATION PROVIDER, THE INITIAL PURCHASERS, THE
TRUST LOAN SELLERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOAN ARE INSURED
OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”)
TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” (A “QIB”),
WITHIN THE MEANING OF RULE 144A, OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER,
RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE
SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS CERTIFICATE MAY NOT BE PURCHASED
BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT
TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN (AS
DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS, TO A MATERIAL EXTENT,
SIMILAR TO SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE, OR ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS
OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE.

 

THIS CERTIFICATE REPRESENTS A “RESIDUAL
INTEREST” IN TWO “REAL ESTATE MORTGAGE INVESTMENT CONDUITS” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(2) AND 860D OF THE INTERNAL

 

    Exhibit A-7-1

     

    

 

REVENUE CODE OF 1986, AS AMENDED. EACH TRANSFEREE OF THIS CERTIFICATE, BY ACCEPTANCE HEREOF,
IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY TO DISQUALIFIED ORGANIZATIONS, DISQUALIFIED
NON-U.S. PERSONS OR AGENTS OF EITHER, AS SET FORTH IN SECTION 5.3 OF THE TRUST AND SERVICING AGREEMENT, AND SHALL BE REQUIRED TO
FURNISH AN AFFIDAVIT TO THE TRANSFEROR AND THE CERTIFICATE ADMINISTRATOR TO THE EFFECT THAT, AMONG OTHER THINGS, (A) IT IS NOT
A DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE SECTION 860E(e)(5), OR AN AGENT (INCLUDING A BROKER, NOMINEE OR OTHER
MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION AND IS OTHERWISE A PERMITTED TRANSFEREE, (B) IT HAS HISTORICALLY PAID ITS DEBTS AS
THEY HAVE COME DUE AND INTENDS TO PAY ITS DEBTS AS THEY COME DUE IN THE FUTURE, (C) IT UNDERSTANDS THAT IT MAY INCUR TAX LIABILITIES
WITH RESPECT TO THIS CERTIFICATE IN EXCESS OF CASH FLOWS GENERATED HEREBY, (D) IT INTENDS TO PAY ANY TAXES ASSOCIATED WITH HOLDING
THIS CERTIFICATE AS THEY BECOME DUE, (E) IT WILL NOT CAUSE INCOME WITH RESPECT TO THIS CERTIFICATE TO BE ATTRIBUTABLE TO A FOREIGN
PERMANENT ESTABLISHMENT OR FIXED BASE, WITHIN THE MEANING OF AN APPLICABLE INCOME TAX TREATY, OF SUCH PERSON OR ANY OTHER U.S.
PERSON AND (F) IT WILL NOT TRANSFER THIS CERTIFICATE TO ANY PERSON OR ENTITY THAT DOES NOT PROVIDE A SIMILAR AFFIDAVIT. ANY PURPORTED
TRANSFER TO A DISQUALIFIED ORGANIZATION OR OTHER PERSON THAT IS NOT A PERMITTED TRANSFEREE OR OTHERWISE IN VIOLATION OF THESE RESTRICTIONS
SHALL BE ABSOLUTELY NULL AND VOID AND SHALL VEST NO RIGHTS IN ANY PURPORTED TRANSFEREE. BECAUSE THIS CERTIFICATE REPRESENTS MULTIPLE
“NON-ECONOMIC RESIDUAL INTERESTS,” AS DEFINED IN TREASURY REGULATIONS SECTION 1.860E-1(c), TRANSFERS OF THIS CERTIFICATE
MAY BE DISREGARDED FOR FEDERAL INCOME TAX PURPOSES. IN ORDER TO SATISFY A REGULATORY SAFE HARBOR UNDER WHICH SUCH TRANSFERS WILL
NOT BE DISREGARDED, THE TRANSFEROR MAY BE REQUIRED, AMONG OTHER THINGS, TO SATISFY ITSELF AS TO THE FINANCIAL CONDITION OF THE
PROPOSED TRANSFEREE AND EITHER TO TRANSFER AT A MINIMUM PRICE OR TO AN ELIGIBLE TRANSFEREE AS SPECIFIED IN TREASURY REGULATIONS.

 

    Exhibit A-7-2

     

    

COLEM 2022-HLNE MORTGAGE TRUST,

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-HLNE, CLASS R

 

	Pass-Through Rate:  N/A	 	 
	First Distribution Date:  April 12, 2022	 	 
	Percentage Interest of the Class R Certificates:  100%	 	Rated Final Distribution Date:

N/A
	CUSIP:  12659JAL1

ISIN:  US12659JAL17 1	 	 
	 	 	 
	
        CUSIP: U1933JAF2

        ISIN: USU1933JAG05 2

         

        CUSIP: 12659JAM9

        ISIN: US12659JAM99 3

         

        No.: R-[1] 
	 	 

 

This certifies that American
General Life Insurance Company is the registered owner of the percentage interest evidenced by this Certificate in the distributions
to be made from the Trust Fund with respect to the Class R Certificates. The Trust Fund consists primarily of four promissory notes
secured by certain Collateral held in trust by the Trustee evidencing a fixed rate loan (the “Trust Loan”).
The Trust Fund was created, and the Mortgage Loan is to be serviced, pursuant to the Trust and Servicing Agreement (as defined
below). The Holder of this Certificate, by virtue of the acceptance hereof, assents to the terms, provisions and conditions of
the Trust and Servicing Agreement and is bound thereby. Also issued under the Trust and Servicing Agreement are the Class A, Class
B, Class C, Class D, Class E and Class VRRC Certificates (collectively with the Class R Certificates, the “Certificates”).
The Trust will also create an uncertificated VRR Interest.

 

This Certificate is issued
pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement, dated as of March 15, 2022 (the “Trust
and Servicing Agreement”), by and among Barclays Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association,
as Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee, and Computershare Trust Company, National
Association, as Certificate Administrator and Custodian. To the extent not defined herein, capitalized terms used herein shall
have the meanings assigned thereto in the Trust and Servicing Agreement.

 

 

  

1       For
Certificate sold in reliance on Rule 144A only.

 

2       For
Regulation S Global Certificate only.

 

3       For
IAI Certificate only.

 

    Exhibit A-7-3

     

    

  

Pursuant to the terms
of the Trust and Servicing Agreement, distributions, if any, on this Certificate shall be made by the Certificate Administrator
in an amount equal to such Person’s pro rata share (based on the Percentage Interest represented by this Certificate)
and to the extent and subject to the limitations set forth in the Trust and Servicing Agreement, on the Distribution Date to the
Person in whose name this Certificate is registered as of the related Record Date, which will be the close of business on the last
Business Day of the calendar month immediately preceding the month in which such Distribution Date occurs.

 

All distributions will
be made to the Persons entitled thereto by check mailed by first class mail to the address set forth therefor in the Certificate
Register or, provided that such Certificateholder shall have provided the Certificate Administrator with a written request for
payment by wire transfer, together with wire instructions, at least five Business Days prior to the related Distribution Date,
by wire transfer of immediately available funds to the account of such Certificateholder at a bank or other entity located in the
United States and having appropriate facilities therefor. The final distribution on each Certificate shall be made in like manner,
but only upon presentment and surrender of such Certificate at the location specified by the Certificate Administrator in the notice
to Certificateholders of such final distribution.

 

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loan, as more specifically
set forth herein and in the Trust and Servicing Agreement.

 

This Certificate does
not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing Agreement for the
interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities
of the Certificate Administrator. In the case of any conflict between this Certificate and the Trust and Servicing Agreement, the
Trust and Servicing Agreement shall control.

 

As provided in the Trust
and Servicing Agreement, subject to certain restrictions on transfer and other procedures set forth therein, upon surrender for
registration of transfer of any Certificate, the Certificate Registrar shall execute, authenticate and deliver, in the name of
the designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate interest
and of the same Class.

 

Prior to due presentation
of this Certificate for registration of transfer, the Trustee, the Certificate Administrator, the Servicer, the Special Servicer,
the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer or the
Certificate Registrar may treat the Person in whose name any Certificate is registered as the owner of such Certificate for the
purpose of receiving distributions as provided in the Trust and Servicing Agreement and for all other purposes whatsoever, and
none of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer, the Certificate Registrar, nor any agent
of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer or the Certificate Registrar shall be affected
by any notice to the contrary.

 

The Trust and Servicing
Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer, the Special Servicer
and the Trustee,

 

    Exhibit A-7-4

     

    

 

without the consent of any of the Certificateholders or the Companion Loan Holders, in certain circumstances specified
in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing Agreement. Subject to
the rights of the Companion Loan Holders to consent to certain amendments, the Trust and Servicing Agreement may also be amended
from time to time by the Depositor, the Certificate Administrator, the Servicer, the Special Servicer and the Trustee with the
written consent of the Holders of Certificates representing not less than 51% of the Percentage Interests of each Class of Certificates
(including, for the avoidance of doubt, any holder of a Class VRRC Certificate) adversely affected by the amendment for the purpose
of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing Agreement
or of modifying in any manner the rights of the Certificateholders; provided, however, that no such amendment shall (i) reduce
in any manner the amount of, or delay the timing of, payments received on the Trust Loan which are required to be distributed on
any Certificate; (ii) alter in any manner the liens on any Collateral securing payments on the Trust Loan; (iii) alter the obligations
of the Servicer, or the Trustee to make an Advance or alter the Accepted Servicing Practices set forth herein; (iv) change the
percentage of Voting Rights or Percentage Interests of Certificateholders that are required to consent to any action or inaction
under this Agreement; (v) change in any manner any defined term used in the Trust Loan Purchase Agreement or the obligations of
the Trust Loan Sellers under the Trust Loan Purchase Agreement or otherwise or change any rights of the Trust Loan Sellers as third
party beneficiaries hereunder, without the consent of the Trust Loan Sellers; or (vi) amend Section 11.1 of the Trust and Servicing
Agreement; provided, further that any amendment that materially and adversely affects the VRR Interest shall not be effective without
the consent of the VRR Interest Owner. In addition, no amendment may be made under the Trust and Servicing Agreement without the
Trustee and Certificate Administrator first receiving in writing an Opinion of Counsel, at the expense of the party requesting
the amendment, that the amendment will not result in the imposition of federal income tax on the Trust or cause either the Lower-Tier
REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC or the Grantor Trust to fail to qualify as a grantor trust under the
Code.

 

The Trust and Servicing
Agreement provides that the respective obligations and responsibilities of the Servicer, the Special Servicer, the Depositor, the
Certificate Administrator and the Trustee created with respect to the Certificates (other than the obligation to make certain payments
to the Companion Loan Holders and the obligation of the Certificate Administrator to make certain payments to Certificateholders
and the VRR Interest Owner after the final Distribution Date to the extent set forth in the Trust and Servicing Agreement and other
than the obligation of the Certificate Administrator to file final tax returns for the Upper-Tier REMIC and the Lower-Tier REMIC,
to maintain books and records of the Trust Fund for such period of time as it maintains its own books and records, and the indemnification
rights and obligations of the parties to the Trust and Servicing Agreement) shall terminate upon the last action required to be
taken by the Certificate Administrator on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement
following the later of (i) the final payment on the Certificates, the VRR Interest and the Uncertificated Lower-Tier Interests
or (ii) the liquidation of the Trust Loan (including, without limitation, the sale of the Trust Loan in accordance with the Trust
and Servicing Agreement) or the liquidation or abandonment of the Property and all other Collateral for the Trust Loan, provided,
however, that in no event shall the trust created by the Trust and Servicing Agreement continue beyond the expiration of
twenty-one years from the death of the

 

    Exhibit A-7-5

     

    

 

last survivor of the descendants of Joseph P. Kennedy, the late United States Ambassador
to the Court of St. James’s, living on the date of the Trust and Servicing Agreement.

 

Unless the certificate
of authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating
Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing Agreement or be
valid for any purpose.

 

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates
or the Mortgage Loan and has executed this Certificate in its limited capacity as Certificate Administrator under the Trust and
Servicing Agreement.

 

The Certificate Administrator
shall be the “partnership representative” within the meaning of Section 6223 of the Code of the Upper-Tier REMIC and
the Lower-Tier REMIC. The Holders of the Class R Certificates, by acceptance of the Class R Certificates, agree, on behalf of themselves
and all successor Holders of such Class R Certificates, to the irrevocable appointment of the Certificate Administrator as the
“partnership representative” for the Upper-Tier REMIC and the Lower-Tier REMIC.

 

Each Person who has or
acquires any Residual Ownership Interest shall be deemed by the acceptance or acquisition of such Residual Ownership Interest to
have agreed to be bound by the following provisions and the rights of each Person acquiring any Residual Ownership Interest are
expressly subject to the following provisions:

 

(i)       Each
Person acquiring or holding any Residual Ownership Interest shall be a Permitted Transferee and shall not acquire or hold such
Residual Ownership Interest as agent (including a broker, nominee or other middleman) on behalf of any Person that is not a Permitted
Transferee. Any such Person shall promptly notify the Certificate Registrar of any change or impending change in its status (or
the status of the beneficial owner of such Residual Ownership Interest) as a Permitted Transferee. Any acquisition of a Residual
Ownership Interest by a Person who is not a Permitted Transferee or by a Person who is acting as an agent of a Person who is not
a Permitted Transferee shall be void ab initio and of no effect, and the immediately preceding owner who was a Permitted
Transferee shall be restored to registered and beneficial ownership of the Residual Ownership Interest as fully as possible.

 

(ii)       No
Residual Ownership Interest may be transferred, and no such transfer shall be registered in the Certificate Register, without the
express written consent of the Certificate Registrar, and the Certificate Registrar shall not recognize the Transfer, and such
proposed Transfer shall not be effective, without such consent with respect thereto. In connection with any proposed Transfer of
any Residual Ownership Interest, the Certificate Registrar shall, as a condition to such consent, (x) require the proposed transferee
to deliver, and the proposed transferee shall deliver to the Certificate Registrar and to the proposed transferor, an affidavit
in substantially the form attached as Exhibit J-1 to the Trust and Servicing Agreement (a “Transferee Affidavit”)
of the proposed transferee (A) that such proposed transferee is a Permitted Transferee and (B) stating that

 

    Exhibit A-7-6

     

    

 

(1) the proposed transferee
historically has paid its debts as they have come due and intends to do so in the future, (2) the proposed transferee understands
that, as the holder of a Residual Ownership Interest, it may incur liabilities in excess of cash flows generated by the residual
interest, (3) the proposed transferee intends to pay taxes associated with holding the Residual Ownership Interest as they become
due, (4) the proposed transferee will not cause income with respect to the Residual Ownership Interest to be attributable to a
foreign permanent establishment or fixed base, within the meaning of an applicable income tax treaty, of such proposed transferee
or any other U.S. Person, (5) the proposed transferee will not transfer the Residual Ownership Interest to any Person that does
not provide a Transferee Affidavit or as to which the proposed transferee has actual knowledge that such Person is not a Permitted
Transferee or is acting as an agent (including a broker, nominee or other middleman) for a Person that is not a Permitted Transferee,
and (6) the proposed transferee expressly agrees to be bound by and to abide by the provisions of Section 5.3(n) of the Trust and
Servicing Agreement and (y) other than in connection with the initial issuance of a Class R Certificate, require a statement from
the proposed transferor substantially in the form attached as Exhibit J-2 to the Trust and Servicing Agreement (the “Transferor
Letter”), that the proposed transferor has no actual knowledge that the proposed transferee is not a Permitted Transferee
and has no actual knowledge or reason to know that the proposed transferee’s statements in the Transferee Affidavit are false.

 

(iii)       Notwithstanding
the delivery of a Transferee Affidavit by a proposed transferee under clause (ii) above, if a Responsible Officer of the Certificate
Registrar has actual knowledge that the proposed transferee is not a Permitted Transferee, no Transfer to such proposed transferee
shall be effected and such proposed Transfer shall not be registered on the Certificate Register; provided, however,
the Certificate Registrar shall not be required to conduct any independent investigation to determine whether a proposed transferee
is a Permitted Transferee. Upon notice to the Certificate Registrar that there has occurred a Transfer to any Person that is a
Disqualified Organization or an agent thereof (including a broker, nominee or middleman) in contravention of the foregoing restrictions,
and in any event not later than 60 days after a request for information from the transferor of such Residual Ownership Interest
or such agent, the Certificate Registrar and the Certificate Administrator agree to furnish to the IRS and the transferor of such
Residual Ownership Interest or such agent such information necessary to the application of Section 860E(e) of the Code as may be
required by the Code, including, but not limited to, the present value of the total anticipated excess inclusions with respect
to such Class R Certificate (or portion thereof) for periods after such Transfer. At the election of the Certificate Registrar,
the Certificate Registrar may charge a reasonable fee for computing and furnishing such information to the transferor or to such
agent referred to above; provided, however, such Persons shall in no event be excused from furnishing such information.

 

(iv)       The
Class R Certificates may only be issued as Definitive Certificates and transferred to and owned by QIBs and the Certificate Administrator
shall act in accordance with such requirement.

 

    Exhibit A-7-7

     

    

 

 

IN
WITNESS WHEREOF, the Certificate Administrator has caused this Certificate to be duly executed.

 

Dated: March 15, 2022

 

	 	COMPUTERSHARE
               TRUST COMPANY, 
 NATIONAL
               ASSOCIATION, 
 not in its individual capacity but solely as 
 Certificate Administrator
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

Certificate
of Authentication

 

This
is one of the Class R   Certificates referred to in the Trust and Servicing Agreement.

 

Dated: March 15, 2022

 

	 	COMPUTERSHARE
                                         TRUST COMPANY, 

                                         NATIONAL ASSOCIATION, 

                                         not in its individual capacity but solely as 

                                         Authenticating Agent
	 	 	 
	 	By:	 
		
	Authorized
                                         Officer

 

    Exhibit A-7-8

     

    

 

SCHEDULE
A

 

SCHEDULE
OF EXCHANGES

 

The
following payments of principal and exchanges of a part of this Definitive Certificate have been made:

 

	Date
                                         of 

                                         Exchange or
                                         

                                         Payment of
                                         

                                         Principal 
	 	Certificate

Balance Prior

to Exchange or 

Payment 
	 	Certificate

Balance 

Exchanged or 

Principal 

Payment Made 
	 	Type
of 

Certificate 

Exchanged for 
	 	Remaining

Certificate 

Balance 

Following Such

Exchange or 

Payment 
	 	Notation
Made 

by 
	 
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-
	__________	-	__________	-	__________	-	__________	-	_________	-	_________	-

 

    Exhibit A-7-9

     

    

 

ASSIGNMENT

 

FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.

 

I
(we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the
within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:

 

________________________________

 

________________________________

 

________________________________

 

Date:
__________________

 

		Signature
by or on behalf of
 Assignor(s):	 
	 	 	 
	 	 	 
	 	 	 
	 	Taxpayer Identification Number: _________

 

    Exhibit A-7-10

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
Assignee(s) should include the following for purposes of distribution:

 

Address
of the Assignee(s) for the purpose of receiving notices and distributions:

_____________________________________________________________________.

 

Distributions,
if being made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.

 

This
information is provided by _______________________________________ the Assignee(s) named above, or ________________________________________________
as its (their) agent.

 

	 	By:	 
	 	 	[Please print or type
                              name(s)]

 

		Title:	

 

		Taxpayer
Identification Number:

 

    Exhibit A-7-11

     

    

 

EXHIBIT
B

 

FORM
OF REQUEST FOR RELEASE

(for Custodian)

 

	Loan Information
	 	Name of Mortgagor:	
	 	 	 
	 	[Servicer] [Special Servicer] Loan No.:	
	Custodian
	 	Name:	Computershare Trust Company, National Association
	 	 	 
	 	Address:	1055 10th Avenue, Southeast

    Minneapolis, Minnesota 55414

    Attention: CTS – Document Custody Group – COLEM 2022-HLNE
	 	 	 
	 	Custodian/Certificate
    Administrator Mortgage File No.:	
	Depositor
	 	Name:	Barclays Commercial Mortgage Securities LLC
	 	 	 
	 	Address:	745
        Seventh Avenue

        New York, New York 10019

        Attention: Daniel Vinson 

	 	 	 
	 	Certificates:	COLEM 2022-HLNE Mortgage Trust, Commercial Mortgage
    Pass-Through Certificates, Series 2022-HLNE

 

The
undersigned [Servicer] [Special Servicer] hereby requests delivery from Computershare Trust Company, National Association, as
custodian (the “Custodian”), for the Holders of COLEM 2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, Series 2022-HLNE, the documents referred to below (the “Documents”). All capitalized terms not
otherwise defined in this Request for Release shall have the meanings given them in the Trust and Servicing Agreement, dated as
of March 15, 2022, by and among Barclays Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer
and as Special Servicer, Wilmington Trust, National Association, as Trustee, and Computershare Trust Company, National Association,
as Certificate Administrator and Custodian (the “Trust and Servicing Agreement”).

 

    Exhibit B-1

     

    

 

		(
                            )	Promissory
Note dated December 1, 2021, in the original principal sum of $26,650,000, made by SJCCRE1 LLC, payable to, or endorsed to the
order of, the Trustee.

 

		(
                            )	Promissory
Note dated December 1, 2021, in the original principal sum of $14,350,000, made by SJCCRE1 LLC, payable to, or endorsed to the
order of, the Trustee.

 

		(
                            )	Promissory
Note dated December 1, 2021, in the original principal sum of $174,525,000, made by SJCCRE1 LLC, payable to, or endorsed to the
order of, the Trustee.

 

		(
                            )	Promissory
Note dated December 1, 2021, in the original principal sum of $93,975,000, made by SJCCRE1 LLC, payable to, or endorsed to the
order of, the Trustee.

 

		(
                            )	Mortgage(s)
recorded on ____________ as instrument no. ________ in the County Recorder’s Office of the County of _________, State of
___________ in book/reel/docket ___________ of official records at page/image ________.

 

		
                            ( )	Deed
of Trust(s) recorded on __________ as instrument no. ________ in the County Recorder’s Office of the County of ___________,
State of _______ in book/reel/docket ____________ of official records at page/image.

 

		(
                            )	Deed
to Secure Debt recorded on __________ as instrument no. ________ in the County Recorder’s Office of the County of ___________,
State of _______ in book/reel/docket ____________ of official records at page/image.

 

		(
                            )	Other
documents, including any amendments, assignments or other assumptions of the Notes or the Mortgage.

 

		(
                            )	 	 

 

		(
                            )	 	 

 

		(
                            )	 	 

 

		(
                            )	 	 

 

The
undersigned [Servicer] [Special Servicer] hereby acknowledges and agrees as follows:

 

(1)       The
[Servicer] [Special Servicer] shall hold and retain possession of the Documents in trust for the benefit of the Trustee for the
benefit of the Certificateholders, solely for the purposes provided in the Trust and Servicing Agreement.

 

(2)       The
[Servicer] [Special Servicer] shall not cause or permit the Documents to become subject to, or encumbered by, any claims, liens,
security interests, charges, writs of

 

    Exhibit B-2

     

    

 

attachment or other impositions nor shall the [Servicer] [Special Servicer] assert or seek
to assert any claims or rights of set-off to or against the Documents or any proceeds thereof except as otherwise provided in
the Trust and Servicing Agreement.

 

(3)       The
[Servicer] [Special Servicer] shall return the Documents to the Custodian when the need therefor no longer exists, unless the
Mortgage Loan has been liquidated or the Mortgage Loan has been paid in full and the proceeds thereof have been remitted to the
Collection Account except as expressly provided in the Trust and Servicing Agreement.

 

(4)       The
Documents, coming into the possession or control of the [Servicer] [Special Servicer] shall at all times be held for the account
of the Trustee for the benefit of the Certificateholders, and the [Servicer] [Special Servicer] shall keep the Documents separate
and distinct from all other property in the [Servicer’s] [Special Servicer’s] possession, custody or control.

 

	 	[Servicer][Special
    Servicer]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	Acknowledged
    and agreed:
	 	 	 
	 	COMPUTERSHARE
    TRUST COMPANY, 

NATIONAL ASSOCIATION
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Date:
_________

 

    Exhibit B-3

     

    

 

EXHIBIT
C

 

FORM
OF TRANSFER CERTIFICATE

FOR RULE 144A GLOBAL CERTIFICATE

TO TEMPORARY REGULATION S GLOBAL CERTIFICATE

 

(Exchanges
or transfers pursuant to

Section 5.3(c) of the Trust and Servicing Agreement)

 

Computershare
Trust Company, National Association,

as Certificate Registrar 

600
South 4th Street, 7th Floor 

Minneapolis,
Minnesota 55415 

Attention:
CTS - Certificate Transfer Services (CMBS) – COLEM 2022-HLNE Mortgage Trust

 

		Re:	COLEM
                                         2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE,
                                         Class [__] 

 

Reference
is hereby made to the Trust and Servicing Agreement, dated as of March 15, 2022 (the “Trust and Servicing Agreement”),
by and among Barclays Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special
Servicer, Wilmington Trust, National Association, as Trustee, and Computershare Trust Company, National Association, as Certificate
Administrator and Custodian. Capitalized terms used but not defined herein shall have the meanings given to them in the Trust
and Servicing Agreement.

 

This
letter relates to US $[______] aggregate Certificate Balance of the Class [__] Certificates (the “Certificates”)
which are held in the form of a beneficial interest in the Rule 144A Global Certificate of such Class (CUSIP No. [______])
with the Depository in the name of [insert name of Transferor] (the “Transferor”). The Transferor has requested
an exchange or transfer of such beneficial interest for a beneficial interest in the Temporary Regulation S Global Certificate
of such Class (CINS No. [______] and ISIN No.[______]) to be held with the Depository in the name of [Euroclear] [Clearstream]*
(Common Code No. [______]).

 

In
connection with such request and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer
has been made in compliance with the transfer restrictions set forth in the Trust and Servicing Agreement and pursuant to and
in accordance with Regulation S (“Regulation S”) under the Securities Act of 1933, as amended (the
“Securities Act”), and accordingly the Transferor does hereby certify that:

 

 

 

*       Select
appropriate depository.

 

    Exhibit C-1

     

    

 

(1)       the
offer of the Certificates was not made to a person in the United States;

 

[(2)     at
the time the buy order was originated, the transferee was outside the United States or the Transferor and any person acting on
its behalf reasonably believed and believes that the transferee was outside the United States;]**

 

[(2)     the
transaction was executed in, on or through the facilities of a designated offshore securities market and neither the Transferor
nor any person acting on its behalf knows that the transaction was pre-arranged with a buyer in the United States;]**

 

(3)       no
directed selling efforts have been made in contravention of the requirements of Rule 903(b) or 904(b) of Regulation S, as applicable;
and

 

(4)       the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act.

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, the Trustee, the Certificate Administrator,
the Servicer, the Special Servicer and the Initial Purchasers.

 

	 	[Insert Name of Transferor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Dated:
_______

 

cc:
Barclays Commercial Mortgage Securities LLC

 

 

 

**       Insert
one of these two provisions, which come from the definition of “offshore transaction” in Regulation S.

 

    Exhibit C-2

     

    

EXHIBIT
D

 

FORM
OF TRANSFER CERTIFICATE

FOR RULE 144A GLOBAL CERTIFICATE

TO REGULATION S GLOBAL CERTIFICATE

 

(Exchange
or transfers pursuant to

Section 5.3(d) of the Trust and Servicing Agreement)

 

Computershare
Trust Company, National Association,

as Certificate Registrar 

600
South 4th Street, 7th Floor 

Minneapolis,
Minnesota 55415 

Attention:
CTS - Certificate Transfer Services (CMBS) – COLEM 2022-HLNE Mortgage Trust

 

		Re:	COLEM
                                         2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE,
                                         Class [__] 

 

Reference
is hereby made to the Trust and Servicing Agreement, dated as of March 15, 2022 (the “Trust and Servicing Agreement”),
by and among Barclays Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special
Servicer, Wilmington Trust, National Association, as Trustee, and Computershare Trust Company, National Association, as Certificate
Administrator and Custodian. Capitalized terms used but not defined herein shall have the meanings given to them in the Trust
and Servicing Agreement.

 

This
letter relates to US $[______] aggregate Certificate Balance of the Class [__] Certificates (the “Certificates”)
which are held in the form of a beneficial interest in the Rule 144A Global Certificate of such Class (CUSIP No. [______])
with the Depository in the name of [insert name of Transferor] (the “Transferor”). The Transferor has requested
an exchange or transfer of such beneficial interest for a beneficial interest in the Regulation S Global Certificate of such
Class (CINS No. [______], ISIN No. [______], and Common Code No. [______]).

 

In
connection with such request and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer
has been made in compliance with the transfer restrictions set forth in the Trust and Servicing Agreement and, (i) with respect
to transfers made in reliance on Regulation S (“Regulation S”) under the Securities Act of 1933,
as amended (the “Securities Act”), the Transferor does hereby certify that:

 

(1)       the
offer of the Certificates was not made to a person in the United States,

 

    Exhibit D-1

     

    

 

[(2)      at
the time the buy order was originated, the transferee was outside the United States or the Transferor and any person acting on
its behalf reasonably believed and believes that the transferee was outside the United States,]*

 

[(2)      the
transaction was executed in, on or through the facilities of a designated offshore securities market and neither the Transferor
nor any person acting on its behalf knows that the transaction was pre-arranged with a buyer in the United States,]*

 

(3)       no
directed selling efforts have been made in contravention of the requirements of Rule 903(b) or 904(b) of Regulation S, as applicable,
and

 

(4)       the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act;

 

or
(ii) with respect to transfers made in reliance on Rule 144 under the Securities Act, the Transferor does hereby certify
that the Certificates are being transferred in a transaction permitted by Rule 144 under the Securities Act.**

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, the Trustee, the Certificate Administrator,
the Servicer, the Special Servicer and the Initial Purchasers.

 

	 	[Insert Name of Transferor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Dated:
________

 

cc:
Barclays Commercial Mortgage Securities LLC

 

 

 

*       Insert
one of these two provisions, which come from the definition of “offshore transaction” in Regulation S. 

**       Select
(i) or (ii), as applicable.

 

    Exhibit D-2

     

    

EXHIBIT
E

 

FORM
OF TRANSFER CERTIFICATE

FOR TEMPORARY REGULATION S GLOBAL CERTIFICATE

TO RULE 144A GLOBAL CERTIFICATE DURING RESTRICTED PERIOD

 

(Exchange
or transfers pursuant to

Section 5.3(e) of the Trust and Servicing Agreement)

 

Computershare
Trust Company, National Association,

as Certificate Registrar 

600
South 4th Street, 7th Floor 

Minneapolis,
Minnesota 55415 

Attention:
CTS - Certificate Transfer Services (CMBS) – COLEM 2022-HLNE Mortgage Trust

 

		Re:	COLEM
                                         2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE,
                                         Class [__] 

 

Reference
is hereby made to the Trust and Servicing Agreement, dated as of March 15, 2022 (the “Trust and Servicing Agreement”),
by and among Barclays Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special
Servicer, Wilmington Trust, National Association, as Trustee, and Computershare Trust Company National Association, as Certificate
Administrator and Custodian. Capitalized terms used but not defined herein shall have the meanings given to them in the Trust
and Servicing Agreement.

 

This
letter relates to US $[______] aggregate Certificate Balance of the Class [__] Certificates (the “Certificates”)
which are held in the form of a beneficial interest in the Temporary Regulation S Global Certificate of such Class (CINS
No. [______] and ISIN No. [______]) with [Euroclear] [Clearstream]* (Common Code [______]) through the Depository in
the name of [insert name of transferor] (the “Transferor”). The Transferor has requested an exchange or transfer
of such beneficial interest for a beneficial interest in the Rule 144A Global Certificate of such Class (CUSIP No. [______]).

 

In
connection with such request, and in respect of such Certificates, the Transferor does hereby certify that such Certificates are
being exchanged or transferred in accordance with Rule 144A (“Rule 144A”) under the Securities Act
of 1933, as amended (the “Securities Act”), to a transferee that the Transferor reasonably believes is purchasing
the Certificates for its own account, or for one or more accounts with respect to which the transferee exercises sole investment
discretion, and the transferee and any such account is a “qualified institutional buyer” within the meaning of Rule 144A
in each case in a transaction meeting the requirements of

 

 

 

*       Select
appropriate depository.

 

    Exhibit E-1

     

    

 

Rule 144A and in accordance with any applicable securities laws
of any state of the United States or other applicable jurisdiction.

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, the Trustee, the Certificate Administrator,
the Servicer, the Special Servicer and the Initial Purchasers.

 

	 	[Insert Name of Transferor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Dated:
_______

 

cc:
Barclays Commercial Mortgage Securities LLC

 

    Exhibit E-2

     

    

EXHIBIT
F

 

FORM
OF CERTIFICATION TO BE GIVEN BY

BENEFICIAL OWNER OF TEMPORARY

REGULATION S GLOBAL CERTIFICATE

 

(Exchanges
pursuant to

Section 5.3(f) of the Trust and Servicing Agreement)

 

Computershare
Trust Company, National Association,

as Certificate Registrar 

600
South 4th Street, 7th Floor 

Minneapolis,
Minnesota 55415 

Attention:
CTS - Certificate Transfer Services (CMBS) – COLEM 2022-HLNE Mortgage Trust

 

		Re:	COLEM
                                         2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE,
                                         Class [__] 

 

Reference
is hereby made to the Trust and Servicing Agreement, dated as of March 15, 2022 (the “Trust and Servicing Agreement”),
by and among Barclays Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special
Servicer, Wilmington Trust, National Association, as Trustee, and Computershare Trust Company, National Association, as Certificate
Administrator and Custodian. Capitalized terms used but not defined herein shall have the meanings given to them in the Trust
and Servicing Agreement.

 

[For
purposes of acquiring a beneficial interest in a Regulation S Global Certificate of the Class specified above after the expiration
of the Restricted Period,] [For purposes of receiving payments under a Temporary Regulation S Global Certificate of the Class
specified above,]* the undersigned holder of a beneficial interest in a Temporary Regulation S Global Certificate
of the Class specified above issued under the Trust and Servicing Agreement certifies that it is an institution and is not a U.S.
Person as defined by Regulation S under the Securities Act of 1933, as amended.

 

We
undertake to advise you promptly by facsimile on or prior to the date on which you intend to submit your corresponding certification
relating to the Certificates of the Class specified above held by you for our account if any applicable statement herein is not
correct on such date, and in the absence of any such notification it may be assumed that this certification applies as of such
date.

 

 

 

*       Select,
as applicable.

 

    Exhibit F-1

     

    

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, the Trustee, the Certificate Administrator,
the Servicer, the Special Servicer and the Initial Purchasers.

 

		Dated:______________

 

		By:	

	 	 	as,
                                         or as agent for, the holder of a beneficial interest in the Certificates to which this
                                         certificate relates.

 

    Exhibit F-2

     

    

EXHIBIT
G

 

FORM
OF TRANSFER CERTIFICATE

FOR NON-BOOK ENTRY CERTIFICATE

TO TEMPORARY REGULATION S GLOBAL CERTIFICATE

 

(Exchanges
or transfers pursuant to

Section 5.3(g) of the Trust and Servicing Agreement)

 

Computershare
Trust Company, National Association,

as Certificate Registrar 

600
South 4th Street, 7th Floor 

Minneapolis,
Minnesota 55415 

Attention:
CTS - Certificate Transfer Services (CMBS) – COLEM 2022-HLNE Mortgage Trust

 

		Re:	COLEM
                                         2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE,
                                         Class [__] 

 

Reference
is hereby made to the Trust and Servicing Agreement, dated as of March 15, 2022 (the “Trust and Servicing Agreement”),
by and among Barclays Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special
Servicer, Wilmington Trust, National Association, as Trustee, and Computershare Trust Company, National Association, as Certificate
Administrator and Custodian. Capitalized terms used but not defined herein shall have the meanings given to them in the Trust
and Servicing Agreement.

 

This
letter relates to US $[______] aggregate Certificate Balance of the Class [__] Certificates (the “Certificates”)
which are held in the form of Non-Book Entry Certificates of such Class (CUSIP No. [______]) in the name of [insert name of Transferor]
(the “Transferor”). The Transferor has requested an exchange or transfer of such Non-Book Entry Certificates
for a beneficial interest in the Temporary Regulation S Global Certificate of such Class (CINS No. [______] and ISIN No. [______])
to be held with [Euroclear] [Clearstream]* (Common Code No. [______]) through the Depository.

 

In
connection with such request, and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer
has been made in compliance with the transfer restrictions set forth in the Trust and Servicing Agreement and pursuant to and
in accordance with Regulation S (“Regulation S”) under the Securities Act of 1933, as amended (the
“Securities Act”), and accordingly the Transferor does hereby certify that:

 

 

 

*       Select
appropriate depository.

 

    Exhibit G-1

     

    

 

(1)       the
offer of the Certificates was not made to a person in the United States;

 

[(2)      at
the time the buy order was originated, the transferee was outside the United States or the Transferor and any person acting on
its behalf reasonably believed and believes that the transferee was outside the United States;]**

 

[(2)      the
transaction was executed in, on or through the facilities of a designated offshore securities market and neither the Transferor
nor any person acting on its behalf knows that the transaction was pre-arranged with a buyer in the United States;] **

 

(3)       no
directed selling efforts have been made in contravention of the requirements of Rule 903(b) or 904(b) of Regulation S,
as applicable; and

 

(4)       the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act.

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, the Trustee, the Certificate Administrator,
the Servicer, the Special Servicer and the Initial Purchasers.

 

	 	[Insert Name of Transferor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Dated:
________

 

cc:
Barclays Commercial Mortgage Securities LLC

 

 

 

**       Insert
one of these two provisions, which come from the definition of “offshore transaction” in Regulation S.

 

    Exhibit G-2

     

    

EXHIBIT
H

 

FORM
OF TRANSFER CERTIFICATE

FOR NON-BOOK ENTRY CERTIFICATE

TO REGULATION S GLOBAL CERTIFICATE

 

(Exchange
or transfers pursuant to

Section 5.3(g) of the Trust and Servicing Agreement)

 

Computershare
Trust Company, National Association,

as Certificate Registrar 

600
South 4th Street, 7th Floor 

Minneapolis,
Minnesota 55415 

Attention:
CTS - Certificate Transfer Services (CMBS) – COLEM 2022-HLNE Mortgage Trust

 

		Re:	COLEM
                                         2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE,
                                         Class [__] 

 

Reference
is hereby made to the Trust and Servicing Agreement, dated as of March 15, 2022 (the “Trust and Servicing Agreement”),
by and among Barclays Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special
Servicer, Wilmington Trust, National Association, as Trustee, and Computershare Trust Company, National Association, as Certificate
Administrator and Custodian. Capitalized terms used but not defined herein shall have the meanings given to them in the Trust
and Servicing Agreement.

 

This
letter relates to US $[______] aggregate Certificate Balance of the Class [__] Certificates (the “Certificates”)
which are held in the form of Non-Book Entry Certificates of such Class (CUSIP No. [______]) in the name of [insert name of Transferor]
(the “Transferor”). The Transferor has requested an exchange or transfer of such Non-Book Entry Certificates
for a beneficial interest in the Regulation S Global Certificate (CINS No. [______], ISIN No. [______], and Common Code No. [______]).

 

In
connection with such request, and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer
has been made in compliance with the transfer restrictions set forth in the Trust and Servicing Agreement and, (i) with respect
to transfers made in reliance on Regulation S (“Regulation S”) under the Securities Act of 1933,
as amended (the “Securities Act”), the Transferor does hereby certify that:

 

(1)       the
offer of the Certificates was not made to a person in the United States,

 

    Exhibit H-1

     

    

 

[(2)      at
the time the buy order was originated, the transferee was outside the United States or the Transferor and any person acting on
its behalf reasonably believed and believes that the transferee was outside the United States,]*

 

[(2)      the
transaction was executed in, on or through the facilities of a designated offshore securities market and neither the Transferor
nor any person acting on its behalf knows that the transaction was pre-arranged with a buyer in the United States,] *

 

(3)       no
directed selling efforts have been made in contravention of the requirements of Rule 903(b) or 904(b) of Regulation S,
as applicable, and

 

(4)       the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act;

 

or
(ii) with respect to transfers made in reliance on Rule 144 under the Securities Act, the Transferor does hereby certify
that the Certificates are being transferred in a transaction permitted by Rule 144 under the Securities Act.**

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, the Trustee, the Certificate Administrator,
the Servicer, the Special Servicer and the Initial Purchasers.

 

	 	[Insert Name of Transferor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Dated:
_______

 

cc:
Barclays Commercial Mortgage Securities LLC

 

 

  

*       Insert
one of these two provisions, which come from the definition of “offshore transaction” in Regulation S.

 

**       Select
(i) or (ii), as applicable.

 

    Exhibit H-2

     

    

EXHIBIT
I

 

FORM
OF TRANSFER CERTIFICATE

FOR NON-BOOK ENTRY CERTIFICATE

TO RULE 144A GLOBAL CERTIFICATE

 

(Exchange
or transfers pursuant to

Section 5.3(g) of the Trust and Servicing Agreement)

 

Computershare
Trust Company, National Association,

as Certificate Registrar 

600
South 4th Street, 7th Floor 

Minneapolis,
Minnesota 55415 

Attention:
CTS - Certificate Transfer Services (CMBS) – COLEM 2022-HLNE Mortgage Trust

 

		Re:	COLEM
                                         2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE,
                                         Class [__] 

 

Reference
is hereby made to the Trust and Servicing Agreement, dated as of March 15, 2022 (the “Trust and Servicing Agreement”),
by and among Barclays Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special
Servicer, Wilmington Trust, National Association, as Trustee, and Computershare Trust Company, National Association, as Certificate
Administrator and Custodian. Capitalized terms used but not defined herein shall have the meanings given to them in the Trust
and Servicing Agreement.

 

This
letter relates to US $[______] aggregate Certificate Balance of the Class [__] Certificates (the “Certificates”)
which are held in the form of Non-Book Entry Certificates of such Class (CUSIP No. [______]) in the name of [insert name of transferor]
(the “Transferor”). The Transferor has requested an exchange or transfer of such beneficial interest for a
beneficial interest in the Rule 144A Global Certificate of such Class (CUSIP No. [______]).

 

In
connection with such request, and in respect of such Certificates, the Transferor does hereby certify that such Certificates are
being exchanged or transferred in accordance with Rule 144A (“Rule 144A”) under the Securities Act
of 1933, as amended (the “Securities Act”), to a transferee that the Transferor reasonably believes is purchasing
the Certificates for its own account, or for one or more accounts with respect to which the transferee exercises sole investment
discretion, and the transferee and any such account is a “qualified institutional buyer” within the meaning of Rule 144A
in each case in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws
of any state of the United States or other applicable jurisdiction.

 

    Exhibit I-1

     

    

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, the Trustee, the Certificate Administrator,
the Servicer, the Special Servicer and the Initial Purchasers.

 

	 	[Insert Name of Transferor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Dated:
_______

 

cc:
Barclays Commercial Mortgage Securities LLC

 

    Exhibit I-2

     

    

EXHIBIT
J-1

 

FORM
OF AFFIDAVIT PURSUANT TO

 

SECTION
860E(e)(4) OF

 

THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED

 

Computershare
Trust Company, National Association,

as Certificate Registrar 

600
South 4th Street, 7th Floor 

Minneapolis,
Minnesota 55415 

Attention:
CTS - Certificate Transfer Services (CMBS) – COLEM 2022-HLNE Mortgage Trust

 

		Re:	COLEM
                                         2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE
                                         (the “Certificates”) issued pursuant to the Trust and Servicing Agreement,
                                         dated as of March 15, 2022 (the “Trust and Servicing Agreement”), among Barclays
                                         Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer
                                         and as Special Servicer, Wilmington Trust, National Association, as Trustee, and Computershare
                                         Trust Company, National Association, as Certificate Administrator and Custodian 

 

 

 

	STATE OF	)	 
	 	)	ss.:
	COUNTY OF	)	 

 

I,
[______], under penalties of perjury, declare that, to the best of my knowledge and belief, the following representations are
true, correct and complete, and being first sworn, depose and say that:

 

1.           I am a [______] of [______] (the “Purchaser”), on behalf of which I have the authority to make this affidavit.

 

2.           The Purchaser is acquiring Class R Certificates representing [__]% of the residual interest in each of the real estate mortgage
investment conduits (each, a “REMIC” or “Trust REMIC”) designated as the (i) “Lower-Tier
REMIC” and (ii) “Upper-Tier REMIC,” respectively, relating to the Certificates for which an election
is to be made under Section 860D of the Internal Revenue Code of 1986 (the “Code”).

 

3.           The Purchaser is not a “Disqualified Organization” (as defined below), and that the Purchaser is not acquiring
the Class R Certificates for the account of, or as agent or nominee of, or with a view to the transfer of direct or indirect record
or beneficial ownership thereof, to a Disqualified Organization. For the purposes hereof, a Disqualified Organization is

 

    Exhibit J-1-1

     

    

 

any of
the following: (a) the United States, a State, or any agency or instrumentality of any of the foregoing (other than an instrumentality
that is a corporation if all of its activities are subject to tax and, except for the FHLMC, a majority of its board of directors
is not selected by any such governmental unit), (b) a foreign government, International Organization or agency or instrumentality
of either of the foregoing, (c) an organization that is exempt from tax imposed by Chapter 1 of the Code (including the tax imposed
by Code Section 511 on unrelated business taxable income) on any excess inclusions (as defined in Section 860E(c)(1)) of the Code
with respect to the Class R Certificates (except certain farmers’ cooperatives described in Section 521 of the Code), (d)
rural electric and telephone cooperatives described in Section 1381(a)(2) of the Code or (e) any other person so designated by
the Certificate Administrator based upon an Opinion of Counsel to the effect that any transfer of a Class R Certificate to such
person may cause the Upper-Tier REMIC or the Lower-Tier REMIC to fail to qualify as a REMIC at any time that the Certificates
are outstanding. The terms “United States,” “State” and “International Organization” have
the meanings set forth in Section 7701 of the Code or successor provisions.

 

4.           The Purchaser acknowledges that Section 860E(e) of the Code would impose a substantial tax on the transferor or, in certain circumstances,
on an agent for the transferee, with respect to any transfer of any interest in any Class R Certificates to a Disqualified Organization.

 

5.           The Purchaser is a “United States person” as defined in Section 7701(a) of the Code and the regulations promulgated
thereunder (the Purchaser’s U.S. taxpayer identification number is [______]). The Purchaser is not classified as a partnership
under the Code (or, if so classified, all of its beneficial owners are United States persons).

 

6.           No purpose of the acquisition of the Class R Certificates is to impede the assessment or collection of tax.

 

7.           The Purchaser will not cause income from the Class R Certificate to be attributable to a foreign permanent establishment or fixed
base, within the meaning of an applicable income tax treaty, of the Purchaser or any other person.

 

8.           The Purchaser is a Permitted Transferee.

 

9.           Check the applicable paragraph:

 

☐         The
present value of the anticipated tax liabilities associated with holding the Class R Certificate, as applicable, does not exceed
the sum of:

 

(i)          the
present value of any consideration given to the Purchaser to acquire such Class R Certificate;

 

(ii)         the
present value of the expected future distributions on such Class R Certificate; and

 

(iii)      
 the present value of the anticipated tax savings associated with holding such Class R Certificate as the related REMIC
generates losses.

 

    Exhibit J-1-2

     

    

 

For
purposes of this calculation, (i) the Purchaser is assumed to pay tax at the highest rate currently specified in Section 11(b)
of the Code (but the tax rate in Section 55(b)(1)(B) of the Code may be used in lieu of the highest rate specified in Section
11(b) of the Code if the Purchaser has been subject to the alternative minimum tax under Section 55 of the Code in the preceding
two years and will compute its taxable income in the current taxable year using the alternative minimum tax rate) and (ii) present
values are computed using a discount rate equal to the short term Federal rate prescribed by Section 1274(d) of the Code for the
month of the transfer and the compounding period used by the Purchaser.

 

☐         The
transfer of the Class R Certificate complies with U.S. Treasury Regulations Sections 1.860E-1(c)(5) and (6) and, accordingly,

 

(i)          the
Purchaser is an “eligible corporation,” as defined in U.S. Treasury Regulations Section 1.860E-1(c)(6)(i), as to which
income from the Class R Certificate will only be taxed in the United States;

 

(ii)         at
the time of the transfer, and at the close of the Purchaser’s two fiscal years preceding the year of the transfer, the Purchaser
had gross assets for financial reporting purposes (excluding any obligation of a person related to the Purchaser within the meaning
of U.S. Treasury Regulations Section 1.860E 1(c)(6)(ii)) in excess of $100 million and net assets in excess of $10 million;

 

(iii)        the
Purchaser will transfer the Class R Certificate only to another “eligible corporation,” as defined in Treasury Regulations
Section 1.860E-1(c)(6)(i), in a transaction that satisfies the requirements of Sections 1.860E-1(c)(4)(i), (ii) and (iii) and
Treasury Regulations Section 1.860E-1(c)(5); and

 

(iv)        the
Purchaser determined the consideration paid to it to acquire the Class R Certificate based on reasonable market assumptions (including,
but not limited to, borrowing and investment rates, prepayment and loss assumptions, expense and reinvestment assumptions, tax
rates and other factors specific to the Purchaser) that it has determined in good faith.

 

☐          None
of the above.

 

10.         The Purchaser historically has paid its debts as they have come due and intends to pay its debts as they come due in the future
and the Purchaser intends to pay taxes associated with holding the Class R Certificates as they become due.

 

11.         The Purchaser understands that it may incur tax liabilities with respect to the Class R Certificate in excess of any cash flows
generated by such Certificate.

 

12.         The Purchaser is aware that the Certificate Registrar will not register any transfer of a Class R Certificate by the Transferor
unless the Purchaser, or such Purchaser’s agent, delivers to the Certificate Registrar, among other things, an affidavit
and agreement in substantially the same form as this affidavit and agreement. The Purchaser expressly agrees that it will not
consummate any such transfer if it knows or believes that any representation contained in such affidavit and agreement is false.

 

    Exhibit J-1-3

     

    

 

13.         The Purchaser represents that it is not acquiring the Class R Certificate as a nominee, trustee or agent for any person that is
not a Permitted Transferee and that for so long as it retains its interest in the Class R Certificate, it will endeavor to remain
a Permitted Transferee.

 

14.         The Purchaser consents to any additional restrictions or arrangements that shall be deemed necessary upon advice of counsel to
constitute a reasonable arrangement to ensure that the Class R Certificate will only be owned, directly or indirectly, by a Permitted
Transferee.

 

15.         The Purchaser has reviewed the provisions of Section 5.3 of the Trust and Servicing Agreement, a description of which provisions
may be set forth in the Class R Certificates; and the Purchaser expressly agrees to be bound by and to comply with such provisions.

 

16.         The Purchaser consents to the (i) designation of the Certificate Administrator as the “partnership representative”
(as defined in Section 6223 of the Code) of each Trust REMIC pursuant to Section 12.1 of the Trust and Servicing Agreement
and (ii) Certificate Administrator making any elections allowed under the Code (a) to avoid the application of Section 6221 (or
successor provision) to the Trust REMICs and (b) to avoid payment by the Trust REMICs under Section 6225 of any tax, penalty,
interest or other amount imposed under the Code that would otherwise be imposed on a Holder of Class R Certificates. The Purchaser
agrees, by acquiring such certificate, to any such elections and to reasonably cooperate with the Certificate Administrator in
connection with any such elections the Certificate Administrator determines in its discretion are necessary or advisable.

 

Capitalized
terms used but not defined herein have the meanings assigned thereto in the Trust and Servicing Agreement.

 

IN
WITNESS WHEREOF, the Purchaser has caused this instrument to be duly executed on its behalf by its duly authorized officer this
___day of _________, 20__.

 

	 	By:	 
	 	 	Name:
	 	 	Title:  
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    Exhibit J-1-4

     

    

 

On
this ____ day of _______20__, before me, the undersigned, a Notary Public in and for the State of _______________, duly commissioned
and sworn, personally appeared ______________________ and ________________________, known or proved to me to be the same persons
who executed the foregoing instrument and to be _____________________________ and ___________________________, respectively, of
the Purchaser, and acknowledged to me that they executed the same as their respective free acts and deeds and as the free act
and deed of the Purchaser.

 

	 	NOTARY PUBLIC in and for
    the
	 	State of _______________
	 	 
	[SEAL]	 

 

	My Commission
    expires:
	 
	 	 

 

    Exhibit J-1-5

     

    

EXHIBIT
J-2

 

FORM
OF TRANSFEROR LETTER

 

[Date]

 

Computershare
Trust Company, National Association,

as Certificate Registrar 

600
South 4th Street, 7th Floor 

Minneapolis,
Minnesota 55415 

Attention:
CTS - Certificate Transfer Services (CMBS) – COLEM 2022-HLNE Mortgage Trust

 

		Re:	COLEM
                                         2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE
                                         (the “Certificates”) 

 

Ladies
and Gentlemen:

 

This
letter is delivered to you in connection with the transfer by [______] (the “Transferor”) to [______] (the
“Transferee”) of Class R Certificates evidencing a [__]% Percentage Interest in such Class (the “Residual
Certificates”). The Certificates, including the Residual Certificates, were issued pursuant to the Trust and Servicing
Agreement, dated as of March 15, 2022 (the “Trust and Servicing Agreement”), among Barclays Commercial Mortgage
Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wilmington Trust, National Association,
as Trustee, and Computershare Trust Company, National Association, as Certificate Administrator and Custodian. All capitalized
terms used but not otherwise defined herein shall have the respective meanings set forth in the Trust and Servicing Agreement.
The Transferor hereby certifies, represents and warrants to you, as Certificate Registrar, that:

 

(i)         No purpose of the Transferor relating to the transfer of the Residual Certificates by the Transferor to the Transferee is or will
be to impede the assessment or collection of any tax.

 

(ii)        The Transferor understands that the Transferee has delivered to you a Transfer Affidavit and Agreement in the form attached to
the Trust and Servicing Agreement as Exhibit J-1. The Transferor does not know or believe that any representation contained therein
is false.

 

(iii)       The Transferor has at the time of this transfer conducted a reasonable investigation of the financial condition of the Transferee
as contemplated by Treasury regulation Section 1.860E-1(c)(4)(i) and, as a result of that investigation, the Transferor
has determined that the Transferee has historically paid its debts as they became due and has found no significant evidence to
indicate that the Transferee will not continue to pay its debts as they become due in the future. The Transferor understands that
the transfer of the Residual Certificates may not be

 

    Exhibit J-2-1

     

    

 

respected for United States income tax purposes (and the Transferor may continue
to be liable for United States income taxes associated therewith) unless the Transferor has conducted such an investigation.

 

	 	Very truly yours,
	 	 
	 		(Transferor)
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

    Exhibit J-2-2

     

    

EXHIBIT
J-3

 

FORM
OF ERISA REPRESENTATION LETTER

 

[Date]

 

Computershare
Trust Company, National Association,

as Certificate Registrar 

600
South 4th Street, 7th Floor 

Minneapolis,
Minnesota 55415 

Attention:
CTS - Certificate Transfer Services (CMBS) – COLEM 2022-HLNE Mortgage Trust

 

Computershare
Trust Company, National Association,

as Certificate Administrator 

9062
Old Annapolis Road 

Columbia,
Maryland 21045 

Attention:
Corporate Trust Services (CMBS) – COLEM 2022-HLNE Mortgage Trust

 

[Transferor]

[______]

[______]

Attention: [______]

 

		Re:	COLEM
                                         2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE 

 

Ladies
and Gentlemen:

 

The
undersigned (the “Purchaser”) proposes to purchase [$ Initial Certificate Balance][[__]% Percentage Interest]
in the COLEM 2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE, Class [VRRC][R] Certificates
(the “Certificates”) issued pursuant to that certain trust and servicing agreement dated as of March 15, 2022
(the “Trust and Servicing Agreement”), by and among Barclays Commercial Mortgage Securities LLC, as Depositor,
KeyBank National Association, as Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee, and Computershare
Trust Company, National Association, as Certificate Administrator and Custodian. Capitalized terms used and not otherwise defined
herein have the respective meanings ascribed to such terms in the Trust and Servicing Agreement.

 

In
connection with such transfer, the undersigned hereby represents and warrants to you that, with respect to the Certificate, the
Purchaser is not and will not become an employee benefit plan or other plan subject to the fiduciary responsibility provisions
of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) or to Section 4975 of the Internal
Revenue Code of 1986, as amended (the “Code”), or a governmental plan (as defined in Section 3(32) of ERISA)
or other plan that is subject to any federal, state or local law that is, to a material extent, similar to Section 406 of ERISA
or Section 4975 of the Code (“Similar Law”) (each, a “Plan”), or any Person acting on behalf
of any such Plan or using the assets of a Plan to

 

    Exhibit J-3-1

     

    

 

purchase such Certificate, other than, in the case of the Class VRRC Certificates,
an insurance company using assets of its general account under circumstances whereby such purchase, holding and the subsequent
disposition of such Class VRRC Certificates by such insurance company would be exempt from the prohibited transaction provisions
of Sections 406 and 407 of ERISA and Code Section 4975 under Sections I and III of U.S. Department of Labor Prohibited Transaction
Class Exemption 95-60, or a Plan subject to Similar Law whose acquisition, holding and disposition of such Certificate will not
constitute or result in a non-exempt violation of Similar Law.

 

IN
WITNESS WHEREOF, the Purchaser hereby executes this ERISA Representation Letter on the ___ day of _____, ____.

 

	 	Very truly yours,
	 	 
	 	[The Purchaser]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    Exhibit J-3-2

     

    

EXHIBIT
J-4

 

FORM
OF TRANSFEREE CERTIFICATE FOR TRANSFERS

OF RISK RETENTION CERTIFICATES

 

[Date]

 

Computershare
Trust Company, National Association

as Certificate Administrator

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Risk Retention Custody (CMBS)

COLEM 2022-HLNE Mortgage Trust

 

Barclays
Capital Real Estate Inc. 

745
Seventh Avenue

New York, New York 10019

Attention: Daniel Vinson 

E-mail:
daniel.vinson@barclays.com

 

Barclays
Commercial Mortgage Securities LLC

745 Seventh Avenue

New York, New York 10019

Attention: Daniel Vinson

 

		Re:	COLEM
                                         2022-HLNE, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE (the “Certificates”)
                                         issued pursuant to the Trust and Servicing Agreement (the “Trust and Servicing
                                         Agreement”), dated as of March 15, 2022 among Barclays Commercial Mortgage Securities
                                         LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer,
                                         Wilmington Trust, National Association, as Trustee, and Computershare Trust Company,
                                         National Association, as Certificate Administrator and Custodian 

 

[_____]
(the “Transferee”) hereby certifies, represents and warrants to you that:

 

1.           The Transferee is acquiring $[_____] Certificate Balance of the Class [__] Certificates, which are Risk Retention Certificates,
from [_____] (the “Transferor”).

 

2.           The Transferee is aware that the Certificate Registrar will not register any transfer of a Risk Retention Certificate by the Transferor
unless the Transferee delivers to the Certificate Registrar, among other things, a certificate in substantially the same form
as this certificate. The Transferee expressly agrees that it will not consummate any such transfer if it knows or believes that
any representation contained in such certificate is false.

 

    Exhibit J-4-1

     

    

 

3.           Any transfer of a Risk Retention Certificate to an insurance company general account relying on Sections I and III of PTCE 95-60
will be effected through an Initial Purchaser. [THIS ONLY APPLIES TO THE FIRST TRANSFER OF RISK RETENTION CERTIFICATES TO AN INSURANCE
COMPANY GENERAL ACCOUNT]

 

4.           Check one of the following:

 

☐           The
Transferee certifies, represents and warrants to the Certificate Registrar, the Retaining Sponsor and the Depositor that the transfer
will occur during the Risk Retention Period and that:

 

		A.	It
                                         is a “majority-owned affiliate”, as such term is defined in the Credit Risk
                                         Retention Rules, of the Transferor (a “Majority-Owned Affiliate”).

 

		B.	It
                                         is not acquiring the Class VRRC Certificates as a nominee, trustee or agent for any person
                                         that is not a Majority-Owned Affiliate, and that for so long as it retains its interest
                                         in the Class VRRC Certificates, it will remain a Majority-Owned Affiliate.

 

		C.	It
                                         hereby makes each representation set forth in Section 5 of the Credit Risk Retention
                                         Agreement.

 

		D.	It
                                         consents to any additional restrictions or arrangements that shall be deemed necessary
                                         upon advice of counsel to constitute a reasonable arrangement to ensure that its ownership
                                         of the Class VRRC Certificates will satisfy the risk retention requirements of the Transferor,
                                         in its capacity as [sponsor][originator] under the Credit Risk Retention Rules.

 

☐       The
Transferee certifies, represents and warrants to you, as Certificate Registrar, the Retaining Sponsor and the Depositor, that
the transfer will occur after the termination of the after the Risk Retention Period.

 

Capitalized
terms used but not defined herein have the meanings assigned thereto in the Trust and Servicing Agreement.

 

IN
WITNESS WHEREOF, the Transferee has caused this instrument to be duly executed on its behalf by its duly authorized senior officer
this [__] day of [____], 20[__].

 

	 	[TRANSFEREE]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    Exhibit J-4-2

     

    

 

Acknowledged
and agreed:

 

[RETAINING
SPONSOR]

 

	By:		 
	Name:	 
	Title:	 

 

    Exhibit J-4-3

     

    

EXHIBIT
J-5

 

FORM
OF TRANSFEROR CERTIFICATE FOR TRANSFERS

OF RISK RETENTION CERTIFICATES

 

[Date]

 

Computershare
Trust Company, National Association

     as Certificate Administrator

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Risk Retention Custody (CMBS)

 

Barclays
Capital Real Estate Inc. 

745
Seventh Avenue

New York, New York 10019

Attention: Daniel Vinson 

E-mail:
daniel.vinson@barclays.com

 

Barclays
Commercial Mortgage Securities LLC

745 Seventh Avenue

New York, New York 10019

Attention: Daniel Vinson

 

		Re:	COLEM
                                         2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE 

 

Ladies
and Gentlemen:

 

This
is delivered to you in connection with the transfer by [______] (the “Transferor”) to [______] (the “Transferee”)
of $[_____] Certificate Balance of the Class [__] Certificates, which are Risk Retention Certificates. The Certificates were issued
pursuant to the Trust and Servicing Agreement, dated as of March 15, 2022 (the “Trust and Servicing Agreement”),
among Barclays Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer,
Wilmington Trust, National Association, as Trustee, and Computershare Trust Company, National Association, as Certificate Administrator
and Custodian. All capitalized terms used but not otherwise defined herein shall have the respective meanings set forth in the
Trust and Servicing Agreement. The Transferor hereby certifies, represents and warrants to you that:

 

1.           The transfer is in compliance with Sections 5.1, 5.2 and 5.3 of the Trust and Servicing Agreement.

 

2.           The Transferor has provided notice to the Retaining Sponsor of the transfer no later than ten (10) Business Days prior to the
occurrence of the transfer.

 

    Exhibit J-5-1

     

    

 

3.           Any transfer of a Risk Retention Certificate to an insurance company general account relying on Sections I and III of PTCE 95-60
will be effected through Barclays Capital Inc. or BMO Capital Markets Corp. [THIS ONLY APPLIES TO THE FIRST TRANSFER OF RISK RETENTION
CERTIFICATES TO AN INSURANCE COMPANY GENERAL ACCOUNT]

 

4.           Check one of the following:

 

☐          The
Transferor certifies, represents and warrants to the Certificate Registrar, the Retaining Sponsor and the Depositor that the transfer
will occur during the Risk Retention Period and that the transfer will comply with all applicable requirements of the Credit Risk
Retention Rules.

 

 ☐          The
Transferor certifies, represents and warrants to the Certificate Registrar or the Depositor that the transfer will occur after
the termination of the Risk Retention Period.

 

5.           The Transferor understands that the Transferee has delivered to you a Transferee Certificate in the form attached to the Trust
and Servicing Agreement as Exhibit J-4. The Transferor does not know or believe that any representation contained therein
is false.

 

IN
WITNESS WHEREOF, the Transferor has caused this instrument to be duly executed on its behalf by its duly authorized senior officer
this [__] day of [____], 20[__].

 

	 	[TRANSFEROR]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Acknowledged
and agreed:

 

[RETAINING
SPONSOR]

 

	By:	 	 
	Name:	 

 

    Exhibit J-5-2

     

    

EXHIBIT
J-6

 

Form
of Request of RETAINING Sponsor Consent for Release of the VRRC Certificates

 

[Date]

 

TO
BE SENT BY ELECTRONIC MAIL TO THE CERTIFICATE ADMINISTRATOR AND THE APPLICABLE RETAINING SPONSOR BY THE HOLDER OF THE CLASS VRRC
CERTIFICATES

Computershare Trust Company, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Risk Retention Custody –COLEM 2022-HLNE Mortgage Trust

E-mail: RiskRetentionCustody@wellsfargo.com

 

Barclays
Capital Real Estate Inc. 

745
Seventh Avenue

New York, New York 10019

Attention: Daniel Vinson 

E-mail:
daniel.vinson@barclays.com

 

Barclays
Capital Inc. 

745
Seventh Avenue 

New
York, New York 10019 

Attention:
Steven Glynn 

E-mail:
steven.glynn@barclays.com

 

		Re:	COLEM
                                         2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE 

 

Ladies
and Gentlemen:

 

This
is delivered to you in connection with the release (the “Release”) of $[_____] aggregate Certificate Balance
of the Class VRRC Certificates from the Class VRRC Certificates Safekeeping Account.

 

The
Certificates were issued pursuant to the Trust and Servicing Agreement, dated as of March 15, 2022 (the “Trust and Servicing
Agreement”), among Barclays Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer
and as Special Servicer, Wilmington Trust, National Association, as Trustee, and Computershare Trust Company, National Association,
as Certificate Administrator and Custodian. All capitalized terms used but not otherwise defined herein shall have the respective
meanings set forth in the Trust and Servicing Agreement.

 

    Exhibit J-6-1

     

    

 

The
applicable Holder of the subject Class VRRC Certificates hereby requests your written consent to the Release.

 

	 	Sincerely,
	 	 	 
	 	[Holder
    of CLASS VRRC CERTIFICATES]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

  

CONSENT
TO RELEASE:

 

[RETAINING
SPONSOR]

 

	By: 	 	 
	 	Name:	 
	 	Title: 	 
	 	E-mail:	 

 

BARCLAYS
COMMERCIAL MORTGAGE SECURITIES LLC, as Depositor

 

	By: 	 	 
	 	Name:	 
	 	Title: 	 

 

    Exhibit J-6-2

     

    

EXHIBIT
J-7

 

FORM
OF TRANSFEREE CERTIFICATE FOR THE TRANSFER OF VRR INTEREST

 

Computershare
Trust Company, National Association,

as Certificate Administration 

9062
Old Annapolis Road 

Columbia,
Maryland 21045 

Attention:
Risk Retention Custody (CMBS) 

–
COLEM 2022-HLNE Mortgage Trust

 

Barclays
Commercial Mortgage Securities LLC 

745
Seventh Avenue 

New
York, New York 10019 

Attention:
Daniel Vinson

 

BMO
Capital Markets Corp.

151 West 42nd Street

New York, New York 10036

 

		Re:	COLEM
                                         2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE 

 

[_________]
(the “Purchaser”) hereby certifies, represents and warrants to you, as Certificate Registrar, and to the “retaining
sponsor” as such term is defined in the Credit Risk Retention Rules (as defined in the Trust and Servicing Agreement), that:

 

		1.	The
                                         Purchaser is acquiring $[_____] VRR Interest Balance of the VRR Interest from [_____]
                                         (the “Transferor”).

 

		2.	The
                                         Purchaser is aware that the Certificate Registrar will not register any transfer of the
                                         VRR Interest by the Transferor unless the Purchaser, or such Purchaser’s agent,
                                         delivers to the Certificate Registrar, among other things, a certificate in substantially
                                         the same form as this certificate. The Purchaser expressly agrees that it will not consummate
                                         any such transfer if it knows or believes that any representation contained in such certificate
                                         is false.

 

3.                 
The Purchaser certifies, represents and warrants to you, as Certificate Registrar, that:

 

		A.	It
                                         is a “majority-owned affiliate”, as such term is defined in Credit Risk Retention
                                         Rules, of the Transferor (a “Majority-Owned Affiliate”).

 

		B.	It
                                         is not acquiring the VRR Interest as a nominee, trustee or agent for any person that
                                         is not a Majority-Owned Affiliate, and that for so long as it retains its interest in
                                         the VRR Interest, it will remain a Majority-Owned Affiliate.

 

    Exhibit J-7-1

     

    

 

		C.	It
                                         consents to any additional restrictions or arrangements that shall be deemed necessary
                                         upon advice of counsel to constitute a reasonable arrangement to ensure that its ownership
                                         of the VRR Interest will satisfy the risk retention requirements of the Transferor, in
                                         its capacity as sponsor under Credit Risk Retention Rules.

 

Capitalized
terms used but not defined herein have the meanings assigned thereto in the Trust and Servicing Agreement.

 

IN
WITNESS WHEREOF, the Purchaser has caused this instrument to be duly executed on its behalf by its duly authorized senior officer
this ___day of _________, 20__.

 

	 	By:	 
	 	 	Name:
	 	 	Title:

 

Acknowledged
and agreed:

 

[RETAINING
SPONSOR]

 

	By:		 
	 	Name:	 
	 	Title:	 

 

    Exhibit J-7-2

     

    

EXHIBIT
J-8

 

FORM
OF TRANSFEROR CERTIFICATE FOR THE TRANSFER OF VRR INTEREST

 

Computershare
Trust Company, National Association,

as Certificate Administration 

9062
Old Annapolis Road 

Columbia,
Maryland 21045 

Attention:
Risk Retention Custody (CMBS) 

–
COLEM 2022-HLNE Mortgage Trust

 

Barclays
Commercial Mortgage Securities LLC 

745
Seventh Avenue 

New
York, New York 10019 

Attention:
Daniel Vinson 

 

BMO
Capital Markets Corp.

151 West 42nd Street

New York, New York 10036

 

		Re:	COLEM
                                         2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE 

 

Ladies
and Gentlemen:

 

This
is delivered to you in connection with the transfer by [____] (the “Transferor”) to [____] (the “Transferee”)
of the VRR Interest evidencing $[____] VRR Interest Balance. All capitalized terms used but not otherwise defined herein shall
have the respective meanings set forth in the Trust and Servicing Agreement. The Transferor hereby certifies, represents and warrants
to you that:

 

		1.	The
                                         transfer is in compliance with the Trust and Servicing Agreement.

 

		2.	The
                                         Transferee is a “majority-owned affiliate”, as such term is defined in Credit
                                         Risk Retention Rules, of the Transferor.

 

		3.	The
                                         Transferor understands that the Transferee has delivered to you a Transferee Certificate
                                         in the form attached to the Trust and Servicing Agreement as Exhibit J-7. The
                                         Transferor does not know or believe that any representation contained therein is false.

 

IN
WITNESS WHEREOF, the Transferor has caused this instrument to be duly executed on its behalf by its duly authorized senior officer
this ___day of _________, 20__.

 

    Exhibit J-8-1

     

    

 

	 	[TRANSFEROR]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

The
foregoing certificate is hereby confirmed, and the transfer is accepted, as of the date first above written:

 

[RETAINING
SPONSOR]

 

	By:		 
	 	Name:	 
	 	Title:	 

 

    Exhibit J-8-2

     

    

EXHIBIT
K-1

 

FORM
OF INVESTOR CERTIFICATION FOR NON-BORROWER RELATED PARTIES

 

[Date]

 

Computershare
Trust Company, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Corporate Trust Services (CMBS) – COLEM 2022-HLNE

 

		Re:	COLEM
                                         2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE 

 

In
accordance with the requirements for obtaining certain information under, or the exercise of Voting Rights pursuant to, the Trust
and Servicing Agreement, dated as of March 15, 2022 (the “Agreement”), by and among Barclays Commercial Mortgage
Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wilmington Trust, National Association,
as Trustee (the “Trustee”), and Computershare Trust Company, National Association, as Certificate Administrator
(in such capacity, the “Certificate Administrator”) and as Custodian, with respect to the above referenced
certificates (the “Certificates”), the undersigned hereby certifies and agrees as follows:

 

1.          The undersigned is either (a) a Certificateholder, a Beneficial Owner, or a prospective purchaser of the Class ___ Certificates,
(b) a VRR ABS Interest Owner, (c) the Directing Holder, (d) a Risk Retention Consultation Party, (e) a Companion Loan Holder or
(f) a Repurchasing Seller.

 

2.          The undersigned is not a Borrower Related Party, a Manager, or an agent or an Affiliate of any of the foregoing.

 

3.          The
undersigned is requesting access pursuant to the Agreement to certain information (the “Information”) on the
Certificate Administrator’s website and/or is requesting the information identified on the schedule attached hereto (also,
the “Information”) pursuant to the provisions of the Agreement.

 

In
consideration of the disclosure to the undersigned of the Information, or the access thereto, the undersigned shall keep the Information
confidential (except from such outside persons as are assisting it in making an evaluation in connection with purchasing the related
Certificates, from its accountants and attorneys, and otherwise from such governmental or banking authorities or agencies to which
the undersigned is subject), and such Information shall not, without the prior written consent of the Certificate Administrator,
be otherwise disclosed by the undersigned or by its officers, directors, partners, employees, agents or representatives (collectively,
the “Representatives”) in any manner whatsoever, in whole or in part; provided, however, that
the obligations of the undersigned to keep any such information confidential shall expire one year following the date that the
undersigned is no longer a

 

    Exhibit K-1-1

     

    

 

Certificateholder or a Beneficial Owner of a Class of Certificates or is not a purchaser of Certificates
in the case of a prospective purchaser.

 

The
undersigned shall not use or disclose the Information in any manner which could result in a violation of any provision of the
Securities Act of 1933, as amended (the “Securities Act”), or the Securities Exchange Act of 1934, as amended,
or would require registration of any Certificate not previously registered pursuant to Section 5 of the Securities Act.

 

4.          The undersigned shall be fully liable for any breach of this agreement by itself or any of its Representatives and shall indemnify
the Depositor, the Trustee, the Servicer, the Special Servicer, the Certificate Administrator and the Trust Fund for any loss,
liability or expense incurred thereby with respect to any such breach by the undersigned or any of its Representatives.

 

5.          The undersigned agrees that each time it accesses the Certificate Administrator’s Website, the undersigned is deemed to
have recertified that the representations and covenants contained herein remain true and correct.

 

6.          Capitalized terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall be deemed to have caused its name to be
signed hereto by its duly authorized signatory, as of the date certified.

 

	 	 	 

 

		By:	

 

		Name:	

 

		Title:	

 

		Company:	

 

		Phone:	

 

    Exhibit K-1-2

     

    

EXHIBIT
K-2

 

Form
of Investor Certification for Borrower RELATED PARTIES and/or a Risk Retention Consultation Party (for Persons other than the
Directing Holder and/or a Controlling Class Certificateholder)

 

[Date]

 

Computershare
Trust Company, National Association

as Certificate Administrator

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Corporate Trust Services (CMBS) – COLEM 2022-HLNE

 

		Re:	COLEM
                                         2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE 

 

In
accordance with the requirements for obtaining certain information under, or the exercise of Voting Rights pursuant to, the Trust
and Servicing Agreement, dated as of March 15, 2022 (the “Agreement”), by and among Barclays Commercial Mortgage
Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wilmington Trust, National Association,
as Trustee (the “Trustee”), and Computershare Trust Company, National Association, as Certificate Administrator
(in such capacity, the “Certificate Administrator”) and as Custodian, (the “Certificates”),
the undersigned hereby certifies and agrees as follows:

 

1.         The undersigned is either (a) a Certificateholder, a Beneficial Owner, or a prospective purchaser of the Class ___ Certificates,
(b) a VRR ABS Interest Owner, (c) the Directing Holder, (d) a Risk Retention Consultation Party, (e) a Companion Loan Holder or
(f) a Repurchasing Seller.

 

2.         The undersigned is a Borrower Related Party, a Risk Retention Consultation Party, a Manager, or an agent or Affiliate of the foregoing.

 

3.         The undersigned is requesting access to the Distribution Date Statement information in accordance with the Agreement (the “Information”)
and agrees to keep the Information confidential (except from such outside persons as are assisting it in making an evaluation
in connection with purchasing the related Certificates from its accountants and attorneys, and otherwise from such governmental
or banking authorities or agencies to which the undersigned is subject), and such Information will not, without the prior written
consent of the Certificate Administrator, be otherwise disclosed by the undersigned or by its officers, directors, partners, employees,
agents or representatives (collectively, the “Representatives”) in any manner whatsoever, in whole or in part.

 

The
undersigned shall not use or disclose the Information in any manner which could result in a violation of any provision of the
Securities Act of 1933, as amended (the “Securities Act”), or the Securities Exchange Act of 1934, as amended,
or would require

 

    Exhibit K-2-1

     

    

 

registration of any Certificate not previously registered pursuant to Section 5 of the Securities Act.

 

4.         The undersigned shall be fully liable for any breach of this certificate by itself or any of its Representatives and shall indemnify
the Depositor, the Certificate Administrator, the Trustee, the Servicer, the Special Servicer and the Trust Fund for any loss,
liability or expense incurred thereby with respect to any such breach by the undersigned or any of its Representatives.

 

5.         Capitalized terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall be deemed to have caused its name to be
signed hereto by its duly authorized signatory, as of the date certified.

 

	 	 	 

 

		By:	

 

		Name:	

 

		Title:	

 

		Company:	

 

		Phone:	

 

    Exhibit K-2-2

     

    

 

EXHIBIT
K-3

 

FORM
OF CERTIFICATION OF THE RISK RETENTION CONSULTATION PARTY

 

	KeyBank
                                         National Association,

                                         11501 Outlook
                                         Street, Suite 300

                                         Overland Park,
                                         Kansas 66211

                                         Attention:
                                         Michael Tilden (if to the Servicer)

                                         Alan Williams
                                         (if to the Special Servicer)

                                         Email: Michael_a_tilden@keybank.com
                                         (if to the Servicer)

                                                                      or
                                         keybank_notices@keybank.com (if to the Special Servicer)

         

        Barclays
Commercial Mortgage Securities LLC 

        745
Seventh Avenue 

        New
York, New York 10019 

        Attention:
        Daniel Vinson

         

        Barclays
Capital Real Estate Inc. 

        745
Seventh Avenue

New York, New York 10019

Attention: Daniel Vinson 

        E-mail:
daniel.vinson@barclays.com 
	Computershare
                                         Trust Company, National Association

                                         9062 Old Annapolis Road

                                         Columbia, Maryland 21045

                                         Attention: Corporate Trust Services (CMBS) – COLEM 2022-HLNE

         

        Computershare
Trust Company, National Association 

        600
South 4th Street, 7th Floor 

        Minneapolis,
        Minnesota 55415

        Attention: Certificate Transfer Services – CTS (CMBS), COLEM 2022-HLNE

         

        

        Wilmington Trust, National Association

        1100 North Market Street

        Wilmington, Delaware 19890

        Attention: CMBS Trustee – COLEM 2022-HLNE

         

	 	 

		Re:	COLEM
                                         2022-HLNE, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE, Class
                                         VRRC Certificates and VRR Interest 

 

In
accordance with Section 9.5(c) of the Trust and Servicing Agreement, the undersigned hereby certifies and agrees as follows:

 

1.       The
undersigned has been appointed to act as a Risk Retention Consultation Party.

 

2.       The
undersigned hereby certifies that an executed copy of this certification in paper form has been delivered in accordance with the
notice provisions of the Trust and Servicing Agreement to each of the addressees listed above (a) by overnight courier or (b)
mailed by registered mail, postage prepaid.

 

3.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Trust and Servicing Agreement.

 

    Exhibit K-3-1

     

    

 

BY
ITS CERTIFICATION HEREOF, the undersigned shall have caused, or shall be deemed to have caused its name to be signed hereto by
its duly authorized signatory, as of the date certified.

 

	 	[RISK
    RETENTION CONSULTATION PARTY]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Dated:
_______ 

cc:
Barclays Commercial Mortgage Securities LLC

 

    Exhibit K-3-2

     

    

EXHIBIT
L

 

APPLICABLE
SERVICING CRITERIA

 

The
assessment of compliance to be delivered by the referenced party shall address, at a minimum, the criteria identified below as
“Applicable Servicing Criteria” applicable to such party, as such criteria may be updated or limited by the Commission
or its staff (including, without limitation, not requiring the delivery of certain of the items set forth on this Exhibit based
on interpretive guidance provided by the Commission or its staff relating to Item 1122 of Regulation AB). For the avoidance of
doubt, for purposes of this Exhibit L, other than with respect to Item 1122(d)(2)(iii), references to Servicer below shall include
any Sub-Servicer engaged by a Servicer or Special Servicer.

 

	APPLICABLE
    SERVICING CRITERIA	APPLICABLE
    PARTY
	Reference	Criteria	 
	 	General
    Servicing Considerations	 
	1122(d)(1)(i)	Policies
    and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction
    agreements.	Servicer

                                         Special Servicer

        Certificate
        Administrator

	1122(d)(1)(ii)	If
    any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third
    party’s performance and compliance with such servicing activities.	Servicer

                                         Special Servicer

        Certificate
        Administrator

	1122(d)(1)(iii)	Any
    requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained.	N/A
	1122(d)(1)(iv)	A
    fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout
    the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements.	Servicer

    Special Servicer
	1122(d)(1)(v)	Aggregation
    of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information.	Servicer

                                         Special Servicer

        Certificate
        Administrator

	 	Cash
    Collection and Administration	 
	1122(d)(2)(i)	Payments
    on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than
    two business days following receipt, or such other number of days specified in the transaction agreements.	Servicer

                                         Special Servicer

        Certificate
        Administrator

	1122(d)(2)(ii)	Disbursements
    made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.	Certificate
    Administrator
	1122(d)(2)(iii)	Advances
    of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such
    advances, are made, reviewed and approved as specified in the transaction agreements.	Servicer
	1122(d)(2)(iv)	The
    related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization,
    are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.	Servicer

                                         Special Servicer

        Certificate
        Administrator

	1122(d)(2)(v)	Each
    custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements.
     For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial
    institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Exchange Act.	Servicer

                                         Special Servicer

        Certificate
        Administrator

	1122(d)(2)(vi)	Unissued
    checks are safeguarded so as to prevent unauthorized access.	Servicer

    Special Servicer
	1122(d)(2)(vii)	Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts.  These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the

                                                                                	Servicer

                                         Special Servicer

        Certificate
        Administrator

 

    Exhibit L-1

     

    

 

	APPLICABLE
    SERVICING CRITERIA	APPLICABLE
    PARTY
	Reference	Criteria	 
	 	reconciliation; and (D) contain explanations for reconciling items.  These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements.
	 
	 	Investor
    Remittances and Reporting	 
	1122(d)(3)(i)	Reports
    to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements
    and applicable Commission requirements.  Specifically, such reports (A) are prepared in accordance with timeframes and
    other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified
    in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with
    investors’ or the trustee’s records as to the total unpaid principal balance and number of mortgage loans serviced
    by the Reporting Servicer.	Certificate
    Administrator
	1122(d)(3)(ii)	Amounts
    due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth
    in the transaction agreements.	Certificate
    Administrator
	1122(d)(3)(iii)	Disbursements
    made to an investor are posted within two business days to the Servicer’s investor records, or such other number of
    days specified in the transaction agreements.	Certificate
    Administrator
	1122(d)(3)(iv)	Amounts
    remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.	Certificate
    Administrator
	 	Pool
    Asset Administration	 
	1122(d)(4)(i)	Collateral
    or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents.	Servicer

                                         Special Servicer

        Custodian

	1122(d)(4)(ii)	Mortgage
    loan and related documents are safeguarded as required by the transaction agreements	N/A
	1122(d)(4)(iii)	Any
    additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or
    requirements in the transaction agreements.	Servicer

    Special Servicer
	1122(d)(4)(iv)	Payments
    on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer’s
    obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction
    agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage loan
    documents.	Servicer
	1122(d)(4)(v)	The
    Reporting Servicer’s records regarding the mortgage loans agree with the Reporting Servicer’s records with respect
    to an obligor’s unpaid principal balance.	Servicer
	1122(d)(4)(vi)	Changes
    with respect to the terms or status of an obligor’s mortgage loans (e.g., loan modifications or re-agings) are made,
    reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.	Servicer

    Special Servicer
	1122(d)(4)(vii)	Loss
    mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and
    repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements
    established by the transaction agreements.	Special
    Servicer
	1122(d)(4)(viii)	Records
    documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction
    agreements.  Such records are maintained on at least a monthly basis, or such other period specified in the transaction
    agreements, and describe the entity’s activities in monitoring delinquent mortgage loans including, for example, phone
    calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).	Servicer

    Special Servicer
	1122(d)(4)(ix)	Adjustments
    to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan
    documents.	Servicer
	1122(d)(4)(x)	Regarding
    any funds held in trust for an obligor (such as escrow accounts):  (A) such funds are analyzed, in accordance with
    the obligor’s mortgage loan documents, on at least an annual basis, or such other period specified in the transaction
    agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents
    and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage
    loans, or such other number of days specified in the transaction agreements.	Servicer
	1122(d)(4)(xi)	Payments
    made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates,
    as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer
    at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.	Servicer
	1122(d)(4)(xii)	Any
    late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s
    funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission.	Servicer

 

    Exhibit L-2

     

    

 

	APPLICABLE
    SERVICING CRITERIA	APPLICABLE
    PARTY
	Reference	Criteria	 
	1122(d)(4)(xiii)	Disbursements
    made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the servicer,
    or such other number of days specified in the transaction agreements.	Servicer
	1122(d)(4)(xiv)	 Delinquencies,
    charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.	Servicer
	1122(d)(4)(xv)	Any
    external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained
    as set forth in the transaction agreements.	N/A

 

At
all times that the Servicer and Special Servicer are the same entity, the Servicer and the Special Servicer may provide a combined
assessment of compliance in respect of their combined responsibilities under Section 1122 of Regulation AB.

 

    Exhibit L-3

     

    

EXHIBIT
M

 

NRSRO
Certification

 

[Date]

 

Computershare
Trust Company, National Association,

as Certificate Administrator

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Corporate Trust Services (CMBS) – COLEM 2022-HLNE

 

		Re:	COLEM
                                         2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE
                                          

 

In
accordance with the requirements for obtaining certain information pursuant to Trust and Servicing Agreement, dated as of March
15, 2022 (the “Agreement”), by and among Barclays Commercial Mortgage Securities LLC, as Depositor, KeyBank
National Association, as Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee (the “Trustee”),
and Computershare Trust Company, National Association, as Certificate Administrator (in such capacity, the “Certificate
Administrator”) and as Custodian, with respect to the certificates (the “Certificates”), the undersigned
hereby certifies and agrees as follows:

 

		1.	(a)
                                         The undersigned is a Rating Agency; or

 

(b)
The undersigned is a nationally recognized statistical rating organization (as defined under Section 3(a)(62) of the Exchange
Act) and has provided the Depositor with the appropriate certifications under Exchange Act Rule 17g-5(e), has access to the Depositor’s
17g-5 website, is requesting access pursuant to the Agreement to certain information (the “Information”) on
the 17g-5 Information Provider’s Website pursuant to the provisions of the Agreement, and agrees that it shall be bound
by the provisions of the confidentiality agreement attached hereto as Annex A, which shall be applicable to the undersigned
with respect to any information obtained from the 17g-5 Information Provider’s Website, including any information that is
obtained from the section of the 17g-5 Information Provider’s Website that host the Depositor’s 17g-5 website after
the Closing Date.

 

		2.	The
                                         undersigned agrees that each time it accesses the 17g-5 Information Provider’s
                                         Website, it is deemed to have recertified that the representations herein contained remain
                                         true and correct.

 

Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall be deemed to have caused its name to be
signed hereto by its duly authorized signatory, as of the date certified.

 

    Exhibit M-1

     

    

 

		Nationally
                                         Recognized Statistical Rating Organization

 

		Name:	

 

		Title:	

 

		Company:	

 

		Phone:	

 

	 	Email:	 

 

    Exhibit M-2

     

    

ANNEX
A

 

CONFIDENTIALITY
AGREEMENT

 

This
Confidentiality Agreement (the “Confidentiality Agreement”) is made in connection with Barclays Capital Inc.
(“BCI”) and BMO Capital Markets Corp. (“BMO Capital Markets” together with BCI and their
respective affiliates, the “Furnishing Entities” and each a “Furnishing Entity”) furnishing
certain financial, operational, structural and other information relating to the issuance of the COLEM 2022-HLNE Mortgage Trust,
Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE (the “Certificates”) pursuant to the Trust
and Servicing Agreement, dated as of March 15, 2022 (the “Trust and Servicing Agreement”), by and among Barclays
Commercial Mortgage Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wilmington
Trust, National Association, as Trustee, and Computershare Trust Company, National Association, as Certificate Administrator and
Custodian, and the assets underlying or referenced by the Certificates, including the identity of, and financial information with
respect to borrowers, sponsors, guarantors, managers and lessees with respect to such assets (together, the “Collateral”)
to you (the “NRSRO”) through the website of Computershare Trust Company, National Association, as 17g-5 Information
Provider under the Trust and Servicing Agreement, including the section of the 17g-5 Information Provider’s website that
hosts the Depositor’s 17g-5 website after the Closing Date (as defined in the Trust and Servicing Agreement). Information
provided by each Furnishing Entity is labeled as provided by the specific Furnishing Entity.

 

Definition
of Confidential Information. For purposes of this Confidentiality Agreement, the term “Confidential Information”
shall include the following information (irrespective of its source or form of communication, including information obtained by
you through access to this site) that may be furnished to you by or on behalf of a Furnishing Entity in connection with the issuance
or monitoring of a rating with respect to the Certificates: (x) all data, reports, interpretations, forecasts, records, agreements,
legal documents and other information (such information, the “Evaluation Material”) and (y)  any of the
terms, conditions or other facts with respect to the transactions contemplated by the Trust and Servicing Agreement, including
the status thereof; provided, however, that the term Confidential Information shall not include information which:

 

		●	was
                                         or becomes generally available to the public (including through filing with the Securities
                                         and Exchange Commission or disclosure in an offering document) other than as a result
                                         of a disclosure by you or a NRSRO Representative (as defined in Section 2(c)(i)
                                         below) in violation of this Confidentiality Agreement;

 

		●	was
                                         or is lawfully obtained by you from a source other than a Furnishing Entity or its representatives
                                         that (i) is reasonably believed by you to be under no obligation to maintain the
                                         information as confidential and (ii) provides it to you without any obligation to
                                         maintain the information as confidential; or

 

		●	is
                                         independently developed by the NRSRO without reference to any Confidential Information.

 

    Exhibit M-3

     

    

 

Information
to Be Held in Confidence.

 

You
will use the Confidential Information solely for the purpose of determining or monitoring a credit rating on the Certificates
and, to the extent that any information used is derived from but does not reveal any Confidential Information, for benchmarking,
modeling or research purposes (the “Intended Purpose”).

 

You
acknowledge that you are aware that the United States and state securities laws impose restrictions on trading in securities when
in possession of material, non-public information and that the NRSRO will advise (through policy manuals or otherwise) each NRSRO
Representative who is informed of the matters that are the subject of this Confidentiality Agreement to that effect.

 

You
will treat the Confidential Information as private and confidential. Subject to Section 4, without the prior written consent of
the applicable Furnishing Entity, you will not disclose to any person any Confidential Information, whether such Confidential
Information was furnished to you before, on or after the date of this Confidentiality Agreement. Notwithstanding the foregoing,
you may:

 

		●	disclose
                                         the Confidential Information to any of the NRSRO’s affiliates, directors, officers,
                                         employees, legal representatives, agents and advisors (each, a “NRSRO Representative”)
                                         who, in the reasonable judgment of the NRSRO, need to know such Confidential Information
                                         in connection with the Intended Purpose; provided, that, prior to disclosure of
                                         the Confidential Information to a NRSRO Representative, the NRSRO shall have taken reasonable
                                         precautions to ensure, and shall be satisfied, that such NRSRO Representative will act
                                         in accordance with this Confidentiality Agreement;

 

		●	solely
                                         to the extent required for compliance with Rule 17g-5(a)(3) of the Act (17 C.F.R. 240.17g-5),post
                                         the Confidential Information to the NRSRO’s password protected website; and

 

		●	use
                                         information derived from the Confidential Information in connection with an Intended
                                         Purpose, if such derived information does not reveal any Confidential Information.

 

Disclosures
Required by Law. If you or any NRSRO Representative is requested or required (orally or in writing, by interrogatory, subpoena,
civil investigatory demand, request for information or documents, deposition or similar process relating to any legal proceeding,
investigation, hearing or otherwise) to disclose any Confidential Information, you agree to provide the relevant Furnishing Entity
with notice as soon as practicable (except in the case of regulatory or other governmental inquiry, examination or investigation,
and otherwise to the extent practical and permitted by law, regulation or regulatory or other governmental authority) that a request
to disclose the Confidential Information has been made so that the relevant Furnishing Entity may seek an appropriate protective
order or other reasonable assurance that confidential treatment will be accorded the Confidential Information if it so chooses.
Unless otherwise required by a court or other governmental or regulatory authority to do so, and

 

    Exhibit M-4

     

    

 

provided that you been informed
by written notice that the related Furnishing Entity is seeking a protective order or other reasonable assurance for confidential
treatment with respect to the requested Confidential Information, you agree not to disclose the Confidential Information while
the Furnishing Entity’s effort to obtain such a protective order or other reasonable assurance for confidential treatment
is pending. You agree to reasonably cooperate with each Furnishing Entity in its efforts to obtain a protective order or other
reasonable assurance that confidential treatment will be accorded to the portion of the Confidential Information that is being
disclosed, at the sole expense of such Furnishing Entity; provided, however, that in no event shall the NRSRO be
required to take a position that such information should be entitled to receive such a protective order or reasonable assurance
as to confidential treatment. If a Furnishing Entity succeeds in obtaining a protective order or other remedy, you agree to comply
with its terms with respect to the disclosure of the Confidential Information, at the sole expense of such Furnishing Entity.
If a protective order or other remedy is not obtained or if the relevant Furnishing Entity waives compliance with the provisions
of this Confidentiality Agreement in writing, you agree to furnish only such information as you are legally required to disclose,
at the sole expense of the relevant Furnishing Entity.

 

Obligation
to Return Evaluation Material. Promptly upon written request by or on behalf of the relevant Furnishing Entity, all material
or documents, including copies thereof, that contain Evaluation Material will be destroyed or, in your sole discretion, returned
to the relevant Furnishing Entity. Notwithstanding the foregoing, (a) the NRSRO may retain one or more copies of any document
or other material containing Evaluation Material to the extent necessary for legal or regulatory compliance (or compliance with
the NRSRO’s internal policies and procedures designed to ensure legal or regulatory compliance) and (b) the NRSRO may
retain any portion of the Evaluation Material that may be found in backup tapes or other archive or electronic media or other
documents prepared by the NRSRO and any Evaluation Material obtained in an oral communication; provided, that any Evaluation
Material so retained by the NRSRO will remain subject to this Confidentiality Agreement and the NRSRO will remain bound by the
terms of this Confidentiality Agreement.

 

Violations
of this Confidentiality Agreement.

 

The
NRSRO will be responsible for any breach of this Confidentiality Agreement by you, the NRSRO or any NRSRO Representative.

 

You
agree promptly to advise each relevant Furnishing Entity in writing of any misappropriation or unauthorized disclosure or use
by any person of the Confidential Information which may come to your attention and to take all steps reasonably requested by such
Furnishing Entity to limit, stop or otherwise remedy such misappropriation, or unauthorized disclosure or use.

 

You
acknowledge and agree that the Furnishing Entities would not have an adequate remedy at law and would be irreparably harmed in
the event that any of the provisions of this Confidentiality Agreement were not performed in accordance with their specific terms
or were otherwise breached. It is accordingly agreed that each Furnishing Entity shall be entitled to specific performance and
injunctive relief to prevent breaches of this Confidentiality Agreement and to specifically enforce the terms and provisions hereof,
in addition to any other remedy to

 

    Exhibit M-5

     

    

 

which a Furnishing Entity may be entitled at law or in equity. It is further understood and
agreed that no failure to or delay in exercising any right, power or privilege hereunder shall preclude any other or further exercise
of any right, power or privilege.

 

Term.
Notwithstanding the termination or cancellation of this Confidentiality Agreement and regardless of whether the NRSRO has provided
a credit rating on a Security, your obligations under this Confidentiality Agreement will survive indefinitely.

 

Governing
Law. This Confidentiality Agreement and any claim, controversy or dispute arising under the Confidentiality Agreement, the
relationships of the parties and/or the interpretation and enforcement of the rights and duties of the parties shall be governed
by and construed in accordance with the laws of the State of New York applicable to agreements made and to be performed within
such State.

 

Amendments.
This Confidentiality Agreement may be modified or waived only by a separate writing by the NRSRO and each Furnishing Entity.

 

Entire
Agreement. This Confidentiality Agreement represents the entire agreement between you and the Furnishing Entities relating
to the treatment of Confidential Information heretofore or hereafter reviewed or inspected by you. This agreement supersedes all
other understandings and agreements between us relating to such matters; provided, however, that, if the terms of
this Confidentiality Agreement conflict with another agreement relating to the Confidential Information that specifically states
that the terms of such agreement shall supersede, modify or amend the terms of this Confidentiality Agreement, then to the extent
the terms of this Confidentiality Agreement conflict with such agreement, the terms of such agreement shall control notwithstanding
acceptance by you of the terms hereof by entry into this website.

 

Contact
Information. Notices for each Furnishing Entity under this Confidentiality Agreement, shall be directed as set forth below:

 

Barclays
Capital Inc.

745 Seventh Avenue

New York, New York 10019

 

BMO
Capital Markets Corp.

151 West 42nd Street 

New
York, New York 10036

 

    Exhibit M-6

     

    

EXHIBIT
N-1

 

FORM
OF TRANSFEROR CERTIFICATE

FOR TRANSFER OF THE EXCESS SERVICING FEE RIGHTS

 

[Date]

 

Barclays
Commercial Mortgage Securities LLC

745 Seventh Avenue

New York, New York 10019

Attention: Daniel Vinson

 

		Re:	COLEM
                                         2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE 

 

Ladies
and Gentlemen:

 

This
letter is delivered to you in connection with the transfer by _________________ (the “Transferor”) to _________________
(the “Transferee”) of the Excess Servicing Fee Right established under the Trust and Servicing Agreement, dated
as of March 15, 2022 (the “Trust and Servicing Agreement”), by and among Barclays Commercial Mortgage Securities
LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wilmington Trust, National Association,
as Trustee, and Computershare Trust Company, National Association, as Certificate Administrator and Custodian. All capitalized
terms used but not otherwise defined herein shall have the respective meanings set forth in the Trust and Servicing Agreement.
The Transferee hereby certifies, represents and warrants to you, as Depositor, that:

 

1.          The Transferor is the lawful owner of the right to receive the Excess Servicing Fees with respect to the Mortgage Loan for which
_________________ is the Servicer (the “Excess Servicing Fee Right”), with the full right to transfer the Excess
Servicing Fee Right free from any and all claims and encumbrances whatsoever.

 

2.          Neither the Transferor nor anyone acting on its behalf has (a) offered, transferred, pledged, sold or otherwise disposed of the
Excess Servicing Fee Right, any interest in the Excess Servicing Fee Right or any other similar security to any person in any
manner, (b) solicited any offer to buy or accept a transfer, pledge or other disposition of the Excess Servicing Fee Right,
any interest in the Excess Servicing Fee Right or any other similar security from any person in any manner, (c) otherwise approached
or negotiated with respect to the Excess Servicing Fee Right, any interest in the Excess Servicing Fee Right or any other similar
security with any person in any manner, (d) made any general solicitation with respect to the Excess Servicing Fee Right, any
interest in the Excess Servicing Fee Right or any other similar security by means of general advertising or in any other manner,
or (e) taken any other action, which (including in the case of any of the acts described in clauses (a) through (e) hereof) would
constitute a distribution of the Excess Servicing Fee Right under the Securities Act of 1933, as amended (the “Securities
Act”), or would render the disposition of the Excess Servicing Fee

 

    Exhibit N-1

     

    

 

Right a violation of Section 5 of the Securities Act
or any state securities laws, or would require registration or qualification of the Excess Servicing Fee Right pursuant to the
Securities Act or any state securities laws.

 

	 	Very truly yours,
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    Exhibit N-2

     

    

EXHIBIT
N-2

 

FORM
OF TRANSFEREE CERTIFICATE

FOR TRANSFER OF THE EXCESS SERVICING FEE RIGHTS

 

[Date]

 

Barclays
Commercial Mortgage Securities LLC

745 Seventh Avenue

New York, New York 10019

Attention: Daniel Vinson

 

KeyBank
National Association

11501 Outlook Street, Suite 300

Overland Park, Kansas 66211

Attention: Michael Tilden

 

		Re:	COLEM
                                         2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE 

 

Ladies
and Gentlemen:

 

This
letter is delivered to you in connection with the transfer by _________________ (the “Transferor”) to _________________
(the “Transferee”) of the Excess Servicing Fee Right established under the Trust and Servicing Agreement, dated
as of March 15, 2022 (the “Trust and Servicing Agreement”), by and among Barclays Commercial Mortgage Securities
LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wilmington Trust, National Association,
as Trustee, and Computershare Trust Company, National Association, as Certificate Administrator and Custodian. All capitalized
terms used but not otherwise defined herein shall have the respective meanings set forth in the Trust and Servicing Agreement.
The Transferee hereby certifies, represents and warrants to you, as the Depositor and the Servicer, that:

 

1.          The Transferee is acquiring the right to receive Excess Servicing Fees with respect to the Mortgage Loan as to which __________________
is the applicable Servicer (the “Excess Servicing Fee Right”) for its own account for investment and not with
a view to or for sale or transfer in connection with any distribution thereof, in whole or in part, in any manner which would
violate the Securities Act of 1933, as amended (the “Securities Act”), or any applicable state securities laws.

 

2.          The Transferee understands that (a) the Excess Servicing Fee Right has not been and will not be registered under the Securities
Act or registered or qualified under any applicable state securities laws, (b) none of the Depositor, the Trustee, the Certificate
Administrator or the Certificate Registrar is obligated so to register or qualify the Excess Servicing Fee Right, and (c) the
Excess Servicing Fee Right may not be resold or transferred unless it is (i) registered pursuant to the Securities Act and registered
or qualified pursuant to any applicable state securities laws or (ii) sold or transferred in transactions which are exempt from
such registration

 

    Exhibit N-2-1

     

    

 

and qualification and (A) the Depositor has received a certificate from the prospective transferor substantially
in the form attached as Exhibit N-1 to the Trust and Servicing Agreement, and (B) each of the Servicer and the Depositor have
received a certificate from the prospective transferee substantially in the form attached as Exhibit N-2 to the Trust and Servicing
Agreement.

 

3.          The Transferee understands that it may not sell or otherwise transfer the Excess Servicing Fee Right or any interest therein except
in compliance with the provisions of the Trust and Servicing Agreement (including, without limitation, Section 3.17 therein),
which provisions it has carefully reviewed.

 

4.          Neither the Transferee nor anyone acting on its behalf has (a) offered, pledged, sold, disposed of or otherwise transferred the
Excess Servicing Fee Right, any interest in the Excess Servicing Fee Right or any other similar security to any person in any
manner, (b) solicited any offer to buy or accept a pledge, disposition or other transfer of the Excess Servicing Fee Right,
any interest in the Excess Servicing Fee Right or any other similar security from any person in any manner, (c) otherwise approached
or negotiated with respect to the Excess Servicing Fee Right, any interest in the Excess Servicing Fee Right or any other similar
security with any person in any manner, (d) made any general solicitation with respect to the Excess Servicing Fee Right, any
interest in the Excess Servicing Fee Right or any other similar security by means of general advertising or in any other manner,
or (e) taken any other action with respect to the Excess Servicing Fee Right, any interest in the Excess Servicing Fee Right or
any other similar security, which (including in the case of any of the acts described in clauses (a) through (e) above) would
constitute a distribution of the Excess Servicing Fee Right under the Securities Act, would render the disposition of the Excess
Servicing Fee Right a violation of Section 5 of the Securities Act or any state securities law or would require registration or
qualification of the Excess Servicing Fee Right pursuant thereto. The Transferee will not act, nor has it authorized or will it
authorize any person to act, in any manner set forth in the foregoing sentence with respect to the Excess Servicing Fee Right,
any interest in the Excess Servicing Fee Right or any other similar security.

 

5.          The Transferee has been furnished with all information regarding (a) the Depositor, (b) the Excess Servicing Fee Right and any
payments thereon, (c) the Trust and Servicing Agreement and the Trust Fund created pursuant thereto, (d) the nature, performance
and servicing of the Mortgage Loan, and (e) all related matters that it has requested.

 

6.          The Transferee is (a) a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act or
(b) an “accredited investor” as defined in any of paragraphs (1), (2), (3) and (7) of Rule 501(a) under the Securities
Act or an entity in which all of the equity owners come within such paragraphs. The Transferee has such knowledge and experience
in financial and business matters as to be capable of evaluating the merits and risks of an investment in the Excess Servicing
Fee Right; the Transferee has sought such accounting, legal and tax advice as it has considered necessary to make an informed
investment decision; and the Transferee is able to bear the economic risks of such investment and can afford a complete loss of
such investment.

 

7.          The Transferee agrees (i) to keep all information relating to the Trust, the Trust Fund and the parties to the Trust and Servicing
Agreement, and made available to it,

 

    Exhibit N-2-2

     

    

 

confidential, (ii) not to use or disclose such information in any manner which could result
in a violation of any provision of the Securities Act or would require registration of the Excess Servicing Fee Right or any Certificate
pursuant to the Securities Act, and (iii) not to disclose such information, and to cause its officers, directors, partners, employees,
agents or representatives not to disclose such information, in any manner whatsoever, in whole or in part, to any other Person
other than such holder’s auditors, legal counsel and regulators, except to the extent such disclosure is required by law,
court order or other legal requirement or to the extent such information is of public knowledge at the time of disclosure by such
holder or has become generally available to the public other than as a result of disclosure by such holder; provided, however,
that such holder may provide all or any part of such information to any other Person who is contemplating an acquisition of the
Excess Servicing Fee Right if, and only if, such Person (x) confirms in writing such prospective acquisition and (y) agrees in
writing to keep such information confidential, not to use or disclose such information in any manner which could result in a violation
of any provision of the Securities Act or would require registration of the Excess Servicing Fee Right or any Certificates pursuant
to the Securities Act and not to disclose such information, and to cause its officers, directors, partners, employees, agents
or representatives not to disclose such information, in any manner whatsoever, in whole or in part, to any other Person other
than such Persons’ auditors, legal counsel and regulators.

 

8.          The Transferee acknowledges that the holder of the Excess Servicing Fee Right shall not have any rights under the Trust and Servicing
Agreement except as set forth in Section 3.17 of the Trust and Servicing Agreement, and that the Excess Servicing Fee Rate may
be reduced to the extent provided in the Trust and Servicing Agreement.

 

	 	Very truly yours,
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    Exhibit N-2-3

     

    

EXHIBIT
O

 

Form
of Online Market Data Provider Certificate

 

This
Certification has been prepared for provision of information to the market data providers listed in Paragraph 1 below pursuant
to the direction of the Depositor. If you represent a Market Data Provider not listed herein and would like access to the information,
please contact CTSLink at 866-846-4526, or at ctslink.customerservice@wellsfargo.com.

 

In
connection with the COLEM 2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE (the “Certificates”),
the undersigned hereby certifies and agrees as follows:

 

		1.	The
                                         undersigned is an employee or agent of Bloomberg L.P., Trepp, LLC, Intex Solutions, Inc.,
                                         Interactive Data Corp., Markit Group Limited, BlackRock Financial Management, Inc., Interactive
                                         Data Corporation, CMBS.com, Inc., Moody’s Analytics, MBS Data, LLC, Reallnsight,
                                         KBRA Analytics, LLC, Thomson Reuters Corporation, DealView Technologies Ltd. and CRED
                                         iQ, a market data provider that has been given access to the Distribution Date Statements,
                                         CREFC Reports and supplemental notices on www.ctslink.com (“CTSLink”)
                                         by request of the Depositor.

 

		2.	The
                                         undersigned agrees that each time it accesses CTSLink, the undersigned is deemed to have
                                         recertified that the representation above remains true and correct.

 

		3.	The
                                         undersigned acknowledges and agrees that the provision to it of information and/or reports
                                         on CTSLink is for its own use only, and agrees that it will not disseminate or otherwise
                                         make such information available to any other person without the written consent of the
                                         Depositor, and any confidentiality agreement applicable to the undersigned with respect
                                         to information obtained from the Depositor's 17g-5 website shall also be applicable to
                                         information obtained from CTSLink.

 

		4.	The
                                         undersigned shall be fully liable for any breach of this agreement by itself or any of
                                         its representatives and shall indemnify the Depositor, the Trustee, the Certificate Administrator,
                                         the Servicer, the Special Servicer and the Trust for any loss, liability or expense incurred
                                         thereby with respect to any such breach by the undersigned or any of its representatives.

 

		5.	Capitalized
                                         terms used but not defined herein shall have the respective meanings assigned thereto
                                         in the agreement pursuant to which the Certificates were issued.

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall be deemed to have caused its name to be
signed hereto by its duly authorized signatory, as of the date certified.

 

    Exhibit O-1

     

    

 

	 	By:	 
	 	 	Name:
	 	 	Title:

 

 

    Exhibit O-2

     

    

EXHIBIT
P

 

Form
of Investment Representation Letter

 

Computershare
Trust Company, National Association,

      as Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: CTS - Certificate Transfer Services (CMBS) – COLEM 2022-HLNE Mortgage Trust

 

Barclays
Commercial Mortgage Securities LLC

745 Seventh Avenue

New York, New York 10019

Attention: Daniel Vinson

 

		Re:	COLEM
                                         2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE 

 

Ladies
and Gentlemen:

 

This
letter is delivered pursuant to Section 5.2 of the Trust and Servicing Agreement, dated as of March 15, 2022 (the “Trust
and Servicing Agreement”), by and among Barclays Commercial Mortgage Securities LLC, as Depositor, KeyBank National
Association, as Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee, and Computershare Trust
Company, National Association, as Certificate Administrator and Custodian, on behalf of the holders of the COLEM 2022-HLNE Mortgage
Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE (the “Certificates”) in connection with
the transfer by _________________ (the “Seller”) to the undersigned (the “Purchaser”) of
$_______________ aggregate Certificate Balance of Class ___ Certificates (the “Certificate”). Capitalized terms
used and not otherwise defined herein shall have the respective meanings ascribed to such terms in the Trust and Servicing Agreement.

 

In
connection with such transfer, the Purchaser hereby represents and warrants to you and the addressees hereof as follows:

 

1.       Check
one of the following:*

 

☐       The
Purchaser is not purchasing a Class R Certificate and the Purchaser is an institutional “accredited investor” (an
entity meeting the requirements of Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act of 1933, as amended
(the “Securities Act”)) or an entity all of the equity owners of which are such institutions, and has such
knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of its investment
in the Certificates, and the Purchaser and any accounts for which it is acting are each able to bear the economic risk of the
Purchaser’s or such account’s investment. The

 

 

 

*
       Purchaser must select one of the following two certifications.

 

    Exhibit P-1

     

    

 

Purchaser is acquiring the Certificates purchased by it for its own
account or for one or more accounts (each of which is an institutional “accredited investor”) as to each of which
the Purchaser exercises sole investment discretion. The Purchaser hereby undertakes to reimburse the Trust for any costs incurred
by it in connection with this transfer.

 

☐       The
Purchaser is a “qualified institutional buyer” within the meaning of Rule 144A (“Rule 144A”) promulgated
under the Securities Act of 1933, as amended (the “Securities Act”). The Purchaser is aware that the transfer
is being made in reliance on Rule 144A, and the Purchaser has had the opportunity to obtain the information required to be provided
pursuant to paragraph (d)(4)(i) of Rule 144A.

 

2.       The
Purchaser’s intention is to acquire the Certificate (a) for investment for the Purchaser’s own account or (b) for
resale to (i) “qualified institutional buyers” in transactions under Rule 144A, and not in any event with the view
to, or for resale in connection with, any distribution thereof, or (ii) (other than with respect to a Class R Certificate) to
non-U.S. Securities Persons in “offshore transactions” as defined in Rule 902(h) of Regulation S promulgated under
the Securities Act, subject in each case to the delivery of a Transfer Certificate in the form of Exhibit G, Exhibit H or Exhibit
I, as applicable, to the Trust and Servicing Agreement. The Purchaser understands that the Certificate (and any subsequent Certificate
issued in transfer or exchange therefor) has not been registered under the Securities Act, by reason of a specified exemption
from the registration provisions of the Securities Act which depends upon, among other things, the bona fide nature of the Purchaser’s
investment intent (or intent to resell to only certain investors in certain exempted transactions) as expressed herein.

 

3.       The
Purchaser has reviewed the preliminary Offering Circular and the final Offering Circular relating to the Certificates (collectively,
the “Offering Circular”) and the agreements and other materials referred to therein and has had the opportunity
to ask questions and receive answers concerning the terms and conditions of the transactions contemplated by the Offering Circular.

 

4.       The
Purchaser acknowledges that the Certificate (and any Certificate issued in transfer or exchange therefor) has not been registered
or qualified under the Securities Act or the securities laws of any State or any other jurisdiction, and that the Certificate
cannot be resold unless it is registered or qualified thereunder or unless an exemption from such registration or qualification
is available.

 

5.       The
Purchaser hereby undertakes to be bound by the terms and conditions of the Trust and Servicing Agreement in its capacity as an
owner of a Certificate or Certificates, as the case may be (each, a “Certificateholder”), in all respects as
if it were a signatory thereto. This undertaking is made for the benefit of the Trust, the Certificate Registrar and all Certificateholders
present and future.

 

6.       The
Purchaser will not sell or otherwise transfer all or any portion of the Certificates, except in compliance with Section 5.3 of
the Trust and Servicing Agreement.

 

    Exhibit P-2

     

    

 

7.       Check
one of the following:**

 

		☐	The
                                         Purchaser is a U.S. Person (as defined below) and it has attached hereto an Internal
                                         Revenue Service (“IRS”) Form W 9 (or successor form).

 

		☐	The
                                         Purchaser is not a U.S. Person and under applicable law in effect on the date hereof,
                                         no taxes will be required to be withheld by the Certificate Administrator (or its agent)
                                         with respect to distributions to be made on the Certificate. The Purchaser has attached
                                         hereto [(i) a duly executed IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable (or successor
                                         form), which identifies such Purchaser as the beneficial owner of the Certificate and
                                         states that such Purchaser is not a U.S. Person, (ii) IRS Form W-8IMY (with all appropriate
                                         attachments) or (iii)]*** two duly executed copies of IRS Form W-8ECI (or
                                         successor form), which identify such Purchaser as the beneficial owner of the Certificate
                                         and state that interest and original issue discount on the Certificate and Permitted
                                         Investments is, or is expected to be, effectively connected with a U.S. trade or business.
                                         The Purchaser agrees to provide to the Certificate Registrar updated [IRS Form W-8BEN,
                                         IRS Form W-8BEN-E, IRS Form W-8IMY or]*** IRS Form W -8ECI, [as the case may be,]***
                                         any applicable successor IRS forms, or such other certifications as the Certificate Registrar
                                         may reasonably request, on or before the date that any such IRS form or certification
                                         expires or becomes obsolete, or promptly after the occurrence of any event requiring
                                         a change in the most recent IRS form of certification furnished by it to the Certificate
                                         Registrar.

 

For
this purpose, “U.S. Person” means a citizen or resident of the United States, a corporation or partnership (except
to the extent provided in applicable Treasury Regulations) or other entity 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, 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, certain trusts in existence on August 20, 1996 have elected to be treated as U.S. Persons).

 

8.       Please
make all payments due on the Certificates:****

 

☐         (a) by
wire transfer to the following account at a bank or entity in New York, New York, having appropriate facilities therefor:

 

 

  

** Each Purchaser must include
one of the two alternative certifications.

 

*** Does not apply to a transfer
of Class R Certificates.

 

****       Only
to be filled out by Purchasers of Definitive Certificates. Please select (a) or (b). For holders of Definitive Certificates,
wire transfers are only available if such holder’s Definitive Certificates have an aggregate Certificate Balance of
at least U.S. $5,000,000.

 

    Exhibit P-3

     

    

 

	 	 	Bank:	 	 

 

	 	 	ABA
#:	 	 

 

	 	 	Account
#:	 	 
	 	 	 	 	 

	 	 	Attention:	 	 

 

		☐	(b) 	by mailing a check or draft to the following address:

 

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

9.       If
the Purchaser is purchasing a Class R Certificate, the Purchaser is not a partnership (including any entity treated as a partnership
for U.S. federal income tax purposes), any interest in which is owned, directly or indirectly, through one or more partnerships,
trusts or other pass-through entities by a non-U.S. Person.

 

	 	Very truly yours,
	 	 
	 	[The Purchaser]

 

	 	By:	 	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	Date	 

 

    Exhibit P-4

     

    

EXHIBIT
Q

 

[Reserved]

 

    Exhibit Q-1

     

    

EXHIBIT
R

 

CREFC®
PAYMENT INFORMATION

 

Payments
shall be made to “CRE Finance Council” and sent to:

Commercial Real Estate Finance Council, Inc. 

28
West 44th Street, Suite 815 

New
York, NY 10036 

Attn:
Executive Director

 

or
by wire transfer to:

 

Account
Name: Commercial Real Estate Finance Council (CREFC)

Bank Name: Chase

Bank Address: 80 Broadway, New York, NY 10005

Routing Number: 021000021

Account Number: 213597397

 

    Exhibit R-1

     

    

EXHIBIT
S

 

FORM
OF CERTIFICATE ADMINISTRATOR RECEIPT OF THE CLASS VRRC CERTIFICATES

 

[DATE]

 

	Barclays
    Commercial Mortgage Securities LLC

    745 Seventh Avenue

    New York, New York 10019

    Attention:  Daniel Vinson	Computershare
    Trust Company, National Association

    9062 Old Annapolis Road

    Columbia, Maryland 21045

    Attention: Corporate Trust Services – COLEM 2022-LINE
	Barclays
                                         Bank PLC

         

        745
Seventh Avenue

New York, New York 10019

Attention: Daniel Vinson 
	 

 

		Re:	COLEM
                                         2022-HLNE Mortgage Securities Trust 2022-HLNE, Commercial Mortgage Pass-Through Certificates,
                                         Series 2022-HLNE, 

 

In
accordance with Section 5.2(e) of the Trust and Servicing Agreement, dated as of March 15, 2022 (the “Trust and Servicing
Agreement”), the Certificate Administrator hereby acknowledges receipt and possession of and further agrees that it
will hereafter hold in the Class VRRC Certificates Safekeeping Account $[__] of Class VRRC Certificates in the form of two Definitive
Certificates, one with a Certificate Balance of $[__] and for the benefit of [__], and one with a Certificate Balance of $[__]
and for the benefit of [__] (such Persons being the initial [subsequent] Holders of the Class VRRC Certificates), as the registered
holders thereof. A form of the Class VRRC Certificates is attached as Exhibit A-6 to the Trust and Servicing Agreement.
Payments on the Class VRRC Certificates will be made to the registered holder thereof in accordance with the Trust and Servicing
Agreement.

 

Capitalized
terms used but not defined herein shall the respective meanings set forth in the Agreement.

 

	 	COMPUTERSHARE
    TRUST COMPANY, NATIONAL ASSOCIATION, not in its individual capacity but solely as Certificate Administrator	 
	 	 	 	 
	 	By:	 	 
	 	 	Name:	 
	 	 	Title:	 

 

    Exhibit S-1

     

    

 

EXHIBIT
T

 

ADDITIONAL
FORM 10-D DISCLOSURE

 

For
so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the parties identified
in the “Party Responsible” column are obligated pursuant to Section 13.4 of the Trust and Servicing Agreement
to disclose to each Other Exchange Act Reporting Party and each Other Depositor to which the particular Additional Form 10-D Disclosure
is relevant for Exchange Act reporting purposes, any information described in the corresponding Form 10-D Item described in the
“Item on Form 10-D” column to the extent such party has knowledge (and in the case of net operating income information,
financial statements, annual operating statements, budgets and/or rent rolls required to be provided in connection with Item 6
below, possession) of such information (other than information as to itself). Each of the Certificate Administrator, the Trustee,
the Servicer, the Special Servicer, each Other Exchange Act Reporting Party and the Other Depositor shall be entitled to rely
on the accuracy of the Offering Circular and the offering materials with respect to any related Other Securitization Trust (other
than information with respect to itself that is set forth in or omitted from such offering materials or the Offering Circular),
in the absence of specific notice to the contrary from the Depositor, Other Depositor or a Trust Loan Seller. Each of the Certificate
Administrator, the Trustee, the Servicer, the Special Servicer, each Other Exchange Act Reporting Party and the Other Depositor
shall be entitled to assume that there is no “significant obligor” other than a party or property identified as such
in the prospectus relating to the Other Securitization and to assume that no other party or property will constitute a “significant
obligor” after the Cut-off Date. In no event shall the Servicer or the Special Servicer be required to provide any information
for inclusion in a Form 10-D that relates to any Mortgage Loan for which the Servicer or the Special Servicer is not the Servicer
or the Special Servicer, as the case may be. For this Series 2022-HLNE Trust and Servicing Agreement and any Other Securitization
Trust, each of the Certificate Administrator, the Trustee, the Servicer, the Special Servicer, each Other Exchange Act Reporting
Party and the Other Depositor shall be entitled to assume that there is no provider of credit enhancement, liquidity or derivative
instruments within the meaning of Items 1114 or 1115 of Regulation AB other than a party identified as such in the Offering Circular
and the offering materials with respect to any related Other Securitization Trust.

 

	Item
    on Form 10-D	Party
    Responsible
	Item
        1A: Distribution and Pool Performance Information:

         

        ●        
Item 1121(a)(13) of Regulation AB 
	●    
    Certificate Administrator

 

    Exhibit T-1

     

    

 

	Item
    on Form 10-D	Party
    Responsible
	Item
        1B: Distribution and Pool Performance Information:

         

        ●        
Item 1121(a)(14) of Regulation AB 
	●    
        Certificate Administrator

         

        ●    
Depositor 

	Item
        2: Legal Proceedings:

         

        ●      Item 1117 of Regulation AB (it being acknowledged that such Item 1117 requires disclosure only of proceedings described
        therein that are material to security holders)

         
	●    
        Servicer (as to itself)

         

        ●     
        Special Servicer (as to itself)

         

        ●    
        Certificate Administrator (as to itself)

         

        ●    
        Trustee (as to itself)

         

        ●    
        Depositor (as to itself)

         

        ●    
        Any other Reporting Servicer (as to itself)

         

        ●    Trustee/Certificate 

Administrator/Servicer/Depositor/Special Servicer as to the Trust (whichever of them is in principal
        control of the proceedings)

         

        ●    
        Each Trust Loan Seller as sponsor (as defined in Regulation AB)

         

        ●    
        Originators under Item 1110 of Regulation AB

         

        ●    
Party under Item 1100(d)(1) of Regulation AB 

	Item
    3:  Sale of Securities and Use of Proceeds	●    
    Depositor
	Item
    4:  Defaults Upon Senior Securities	●    
    Certificate Administrator
	Item
    5:  Submission of Matters to a Vote of Security Holders	●    
    Certificate Administrator

 

    Exhibit T-2

     

    

 

	Item
    on Form 10-D	Party
    Responsible
	Item
        6: Significant Obligors of Pool Assets:

         

        ●     Item 1112(b) of Regulation AB provided, however, that all of the following conditions shall apply:

         

        (a)
        information shall be required to be reported only with respect to a party or property (if any) identified as a “significant
        obligor” in the prospectus relating to the Companion Loan Securities;

         

        (b)
        the information to be reported shall consist of such quarterly and annual operating statements, budgets and rent rolls
        of the related Property or REO Property (as applicable), and quarterly and annual financial statements of the related
        Borrower (except in the case of an REO Property), received or prepared by the “Party Responsible” pursuant
        to its obligations under Section 3.18 of this Trust and Servicing Agreement; provided, however, that
        for a significant obligor under item 1101(k)(2) of Regulation AB, only net operating income for the most recent fiscal
        year and interim period is required and, if such information for a prior period was required but not previously reported,
        such information for such prior period; and

         

        (c)
the information shall be reportable in the Form 10-D that relates to the Distribution Date that immediately follows the Collection
Period in which the information was received or prepared by the “Party Responsible” as described in clause (b) above. 
	●    
        Servicer (excluding information for which the Special Servicer is the “Party Responsible”)

         

        ●    
        Special Servicer (as to REO Property)

         

	Item
        7: Significant Enhancement Provider Information:

         

        ●        
Item 1114(b)(2) and Item 1115(b) of Regulation AB 
	●    
    Depositor

 

    Exhibit T-3

     

    

 

	Item
    on Form 10-D	Party
    Responsible
	Item
    8:  Other Information, but only to the extent of any information that meets all the following conditions:  (a)
    such information constitutes “Additional Form 8-K Disclosure” pursuant to Exhibit
    W, (b) such information is required to be reported
    as “Additional Form 8-K Disclosure” during the period to which the Form 10-D relates, and (c) such information
    was not previously reported as “Additional Form 8-K Disclosure”.	●    Certificate Administrator, Trustee, Servicer and/or Special Servicer, in each case to the extent that such party is
        the “Party Responsible” with respect to such information pursuant to Exhibit W.

         

        ●    
        Certificate Administrator (including the balances of the Distribution Account, the Interest Reserve Account and the Gain-on-Sale
        Reserve Account as of the related Distribution Date and the preceding Distribution Date)

         

        ●    
        Servicer (with respect to the balances of each REO Account (to the extent the related information has been received from
        the Special Servicer within the time period specified in Section 13.4 of the Trust and Servicing Agreement) and
        the Collection Account as of the related Distribution Date and the preceding Distribution Date)

         

        ●    
        Special Servicer (with respect to the balance of each REO Account as of the related Distribution Date and the preceding
        Distribution Date)

         

        ●    
Any other party responsible for disclosure items on Form 8-K (including each applicable Seller with respect to Item 1100(e) of
Regulation AB to the extent material to Certificateholders) 

	Item
        9: Exhibits (no. 3):

         

        Articles
        of incorporation and by-laws (Exhibit No. 3(i) and 3(ii) of Item 601 of Regulation S-K)

         

        
	●    
    Depositor

 

    Exhibit T-4

     

    

 

	Item
    on Form 10-D	Party
    Responsible
	Item
        9: Exhibits (no. 4):

         

        With
        respect to instruments defining the rights of security holders (Exhibit No. 4 of Item 601 of Regulation S-K)

         
	●    
        Certificate Administrator

         

        ●    
        Depositor

         

        provided,
        in each case, that this shall in no event be construed to make such party responsible for the initial filing of this Trust
        and Servicing Agreement

         

        provided
further, in each case, that in the event any reportable agreement is executed by the Depositor and the Trustee
or Certificate Administrator, then the Depositor shall be the responsible party. 

	Item
        9: Exhibits (no. 10):

         

        Material
        contracts (Exhibit No. 10 of Item 601 of Regulation S-K)

         
	●    Certificate Administrator, Trustee, Servicer and/or Special Servicer, in each case to the extent of any contract that satisfies
    all the following conditions:  (a) such contract relates to the Trust or one or more Mortgage Loans or REO Mortgage
    Loans, and (b) such contract is a contract to which such party (or a subcontractor or vendor engaged by such party) is a party
    or that such party (or a subcontractor or vendor engaged by such party) has caused to have been executed on behalf of the
    Trust.
	Item
        9: Exhibits (no. 22):

         

        Published
        Report Regarding Matters Submitted to a Vote of Security Holders (Exhibit No. 22 of Item 601 of Regulation S-K), but only
        if the party that is the “Party Responsible” with respect to Item 5 above elects to publish a report containing
        the information required by such Item 5 above and also elects to report the information on Form 10-D by means of filing
        the published report and answering Item 5 by referencing the published report.

        
	●    The applicable party that is the “Party Responsible” with respect to Item 5 as set forth above.

 

    Exhibit T-5

     

    

 

	Item
    on Form 10-D	Party
    Responsible
	Item
        9: Exhibits (no. 23):

         

        Consents
of Experts and Counsel (Exhibit No. 23(ii) of Item 601 of Regulation S-K), where the filing of a written consent is required with
respect to material (in the Form 10-D) that is incorporated by reference in the Depositor’s registration statement. 
	●    
    Depositor
	Item
        9: Exhibits (no. 24)

         

        Power
of Attorney (Exhibit No. 24 of Item 601 of Regulation S-K), but only if the name of any party signing the Form 10-D, or the name
of any officer signing the Form 10-D on behalf of a party, is signed pursuant to a power of attorney. 
	●    
    Certificate Administrator
	Item
        9: Exhibits (no. 99)

         

        Additional
exhibits (Exhibit No. 99 of Item 601 of Regulation S-K) 
	●    
    Not Applicable.
	Item
        9: Exhibits (no. 100)x

         

        BRL-Related
Documents (Exhibit No. 100 of Item 601 of Regulation S-K). 
	●    
    Not Applicable.
	Item
    9:  Exhibits (By Operation of Item 8 Above), but only to the extent of any document that meets all the following
    conditions:  (a) such document constitutes “Additional Form 8-K Disclosure” pursuant to Item 9.01(d)
    of Exhibit W,
    (b) such document is required to be reported as “Additional Form 8-K Disclosure” during the period to which the
    Form 10-D relates, and (c) such document was not previously reported as “Additional Form 8-K Disclosure”.	●    
    Certificate Administrator, Depositor and Trustee, in each case only to the extent that such party is the “Party Responsible”
    for the exhibit pursuant to Item 9(d) of Exhibit W
    (it being acknowledged that none of the Servicer or the Special Servicer constitutes a “Party Responsible”
    under Exhibit W
    with respect to any exhibits to a Form 10-K); provided,
    in each case, that in the event any reportable agreement is executed by the Depositor and the Trustee or Certificate Administrator,
    then the Depositor shall be the responsible party for this Item 9.

    Exhibit T-6

     

    

EXHIBIT
U

 

ADDITIONAL
FORM 10-K DISCLOSURE

 

For
so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the parties identified
in the “Party Responsible” column are obligated pursuant to Section 13.5 of the Trust and Servicing Agreement
to disclose to each Other Exchange Act Reporting Party and each Other Depositor to which the particular Additional Form 10-K Disclosure
is relevant for Exchange Act reporting purposes, any information described in the corresponding Form 10-K Item described in the
“Item on Form 10-K” column to the extent such party has knowledge (and in the case of net operating income information,
financial statements, annual operating statements, budgets and/or rent rolls required to be provided in connection with 1112(b)
below, possession) of such information (other than information as to itself). Each of the Certificate Administrator, the Trustee,
the Servicer, the Special Servicer, each Other Exchange Act Reporting Party and the Other Depositor shall be entitled to rely
on the accuracy of the Offering Circular and the offering materials with respect to any related Other Securitization Trust (other
than information with respect to itself that is set forth in or omitted from such offering materials or the Offering Circular),
in the absence of specific notice to the contrary from the Depositor, Other Depositor or a Trust Loan Seller. Each of the Certificate
Administrator, the Trustee, the Servicer, the Special Servicer, each Other Exchange Act Reporting Party and the Other Depositor
shall be entitled to assume that there is no “significant obligor” other than a party or property identified as such
in the prospectus relating to the Other Securitization and to assume that no other party or property will constitute a “significant
obligor” after the Cut-off Date. In no event shall the Servicer or the Special Servicer be required to provide any information
for inclusion in a Form 10-K that relates to any Mortgage Loan for which the Servicer or the Special Servicer is not the applicable
Servicer or Special Servicer, as the case may be. For this Series 2022-HLNE Trust and Servicing Agreement and any Other Securitization
Trust, each of the Certificate Administrator, the Trustee, the Servicer, the Special Servicer, each Other Exchange Act Reporting
Party and the Other Depositor shall be entitled to assume that there is no provider of credit enhancement, liquidity or derivative
instruments within the meaning of Items 1114 or 1115 of Regulation AB other than a party identified as such in the Offering Circular
and the offering materials with respect to any related Other Securitization Trust.

 

	Item
    on Form 10-K	Party
    Responsible
	Item
    1B:  Unresolved Staff Comments	●    
    Depositor

 

    Exhibit U-1

     

    

 

	Item
    on Form 10-K	Party
    Responsible
	Item
        9B: Other Information, but only to the extent of any information that meets all the following conditions:

         

        (a)
        such information constitutes “Additional Form 8-K Disclosure” pursuant to Exhibit W,

         

        (b)
        such information is required to be reported as “Additional Form 8-K Disclosure” during the period to which
        the Form 10-K relates, and

         

        (c)
such information was not previously reported as “Additional Form 8-K Disclosure” or as “Additional Form 10-D
Disclosure” 
	●    Certificate Administrator, Trustee, Servicer and/or Special Servicer, in each case to the extent that such party is the
    “Party Responsible” with respect to such information pursuant to Exhibit W.  
	Item
    15:  Exhibits, Financial Statement Schedules (SEE BELOW)	SEE
    BELOW
	Instruction
        J(2)(b) (Significant Obligors of Pool Assets) – Part 1 of 3 Parts:

         

        Item
1112(b) of Regulation AB, but only to the extent that (i) such information was required to have been set forth in the prospectus
relating to the Companion Loan Securities, (ii) such information was not so set forth and (iii) the applicable Servicer has not
previously reported such information as “Additional Form 10-D Information”. 
	●    
        The applicable Trust Loan Seller.

         

	Instruction
        J(2)(b) (Significant Obligors of Pool Assets) – Part 2 of 3 Parts:

         

        Item
1112(b) of Regulation AB, but only to the extent that (i) such information was set forth in the prospectus relating to the Companion
Loan Securities and (ii) the applicable Servicer has not previously reported such information or updated versions thereof as “Additional
Form 10-D Information”. 
	●    
    The Depositor

 

    Exhibit U-2

     

    

 

	Item
    on Form 10-K	Party
    Responsible
	Instruction
        J(2)(b) (Significant Obligors of Pool Assets) – Part 3 of 3 Parts:

         

        Item
        1112(b) of Regulation AB; provided, however, that all of the following conditions shall apply:

         

        (a)
        information shall be required to be reported only with respect to a party or property (if any) identified as a “significant
        obligor” in the prospectus relating to the Companion Loan Securities;

         

        (b)
        the information to be reported shall consist of such quarterly and annual operating statements, budgets and rent rolls
        of the related Property or REO Property (as applicable), and quarterly and annual financial statements of the related
        Borrower (except in the case of an REO Property), received or prepared by the “Party Responsible” pursuant
        to its obligations under Section 3.18 of this Trust and Servicing Agreement; provided, however, that
        for a significant obligor described under item 1101(k)(2) of Regulation AB, only net operating income for the most recent
        fiscal year and interim period is required and, if such information for a prior period was required but not previously
        reported, such information for such prior period; and

         

        (c)
        the information shall be reportable only to the extent that is has not previously been reported as “Additional Form
        10-D Information”.

         
	●    
        Servicer (excluding information for which the Special Servicer is the “Party Responsible”)

         

        ●    
        Special Servicer (as to REO Property)

         

	Instruction
        J(2)(c) (Significant Enhancement Provider Information):

         

        ●        
        Items 1114(b)(2) and 1115(b) of Regulation AB

         
	●    
    Depositor

 

    Exhibit U-3

     

    

 

	Item
    on Form 10-K	Party
    Responsible
	Instruction
        J(2)(d) (Legal Proceedings):

         

        ●      Item 1117 of Regulation AB (it being acknowledged that such Item 1117 requires disclosure only of proceedings described
        therein that are material to security holders)

         
	●    
        Servicer (as to itself)

         

        ●    
        Special Servicer (as to itself)

         

        ●    
        Certificate Administrator (as to itself)

         

        ●    
        Trustee (as to itself)

         

        ●    
        Depositor (as to itself)

         

        ●    
        Trustee/Certificate Administrator /Servicer/Depositor/Special Servicer as to the Trust (whichever of them is in principal
        control of the proceedings)

         

        ●    
        Each Trust Loan Seller as sponsor (as defined in Regulation AB)

         

        ●    
        Originators under Item 1110 of Regulation AB

         

        ●    
Party under Item 1100(d)(1) of Regulation AB 

	Instruction
        J(2)(e) (Affiliations and Certain Relationships and Related Transactions) – Part 1 of 2 Parts:

         

        1119(a)
        of Regulation AB,

         

        but
        only the existence and (if existent) how there is (that is, the nature of) any affiliation between itself (that is, the
        particular “Party Responsible”), on the one hand, and any one or more of the following, on the other: (1)
        the Depositor, (2) any Trust Loan Seller, (3) the Trust and (4) any other party listed under this item as a “Party
        Responsible”; provided, however, that an affiliation need not be disclosed for purposes of the applicable
        Form 10-K if it was disclosed in the prospectus relating to the Companion Loan Securities or if it was previously reported
        as “Additional Form 10-K Disclosure”.
	●    
        Servicer (as to itself) (only as to affiliations under Item 1119(a) with the Trustee, Certificate Administrator, each
        Special Servicer or a sub-servicer retained by it meeting any of the descriptions in Item 1108(a)(3)).

         

        ●    
        Special Servicer

         

        ●    
        Certificate Administrator

         

        ●    
        Trustee (as to itself) (only as to affiliations under Item 1119(a) with the Certificate Administrator, each Servicer,
        each Special Servicer or a sub-servicer retained by it meeting any of the descriptions in Item 1108(a)(3)).

         

        ●    
        Each party (other than a Trust Loan Seller), if any, that is identified in the

 

    Exhibit U-4

     

    

 

	Item
    on Form 10-K	Party
    Responsible
	

        and

         

        ●        
        1119(b) of Regulation AB,

         

        but
        only the existence and (if existent) the general character of any business relationship, agreement, arrangement, transaction
        or understanding that is entered into outside the ordinary course of business or is on terms other than would be obtained
        in an arm’s length transaction with an unrelated third party (apart from the Series 2022-HLNE transaction) between
        itself (that is, the particular “Party Responsible”) or any of its affiliates, on the one hand, and any one
        or more of the following, on the other: (1) the Depositor, (2) any Trust Loan Seller, and (3) the Trust; provided,
        however, that a relationship, agreement, arrangement, transaction or understanding (A) must be reported only if
        it then exists or existed within the two prior years, (B) need not be reported if it is not material to an investor’s
        understanding of the Certificates and (C) need not be disclosed for purposes of the applicable Form 10-K if it was disclosed
        in the prospectus relating to the Companion Loan Securities or if it was previously reported as “Additional Form
        10-K Disclosure”.

         

        and

         

        ●        
        1119(c) of Regulation AB,

         

        but
only the existence and (if existent) a description (including the terms and approximate dollar amount) of any specific relationship
involving or related to the Series 2022-HLNE transaction or the Mortgage Loans between itself (that is, the particular “Party
Responsible”) or any of its affiliates, on the one hand, and any one or more of the following, on the other: (1) the Depositor,
(2) any Trust Loan Seller, and (3) the 
	

        prospectus relating to the Companion Loan
        Securities as an “originator” of one or more Mortgage Loans, if the prospectus relating to the Companion Loan
        Securities specifically states that the applicable Mortgage Loans were 10% or more of the assets of the Trust at the date
        of the prospectus relating to the Companion Loan Securities (provided that such a party shall no longer constitute a “Party
        Responsible” under this item from and after the date (if any) when the Depositor notifies the parties to this Agreement
        to the effect that such party no longer constitutes an originator of 10% or more of the assets of the Trust).

         

        ●    
        Each party (other than a Trust Loan Seller), if any, that is specifically identified as an “originator of 10% or
        more of the assets of the Trust for purposes of Regulation AB and the upcoming Form 10-K” in a written notice delivered
        to the parties to this Trust and Servicing Agreement, which notice is delivered not later than February 15 of the year
        in which the Form 10-K is due.

         

        ●    
        Each party (if any) that is identified in the prospectus relating to the Companion Loan Securities as an “other
        material party to the securities or transaction” (or substantially similar phrasing); provided, however, that such
        a party shall no longer constitute a “Party Responsible” under this item from and after the date (if any)
        when the Depositor notifies the parties to this Agreement to the effect that such party no longer constitutes a material
        party for purposes of Regulation AB.

         

        ●    
        Each party (if any) that that is

         

 

    Exhibit U-5

     

    

 

	Item
    on Form 10-K	Party
    Responsible
	Trust; provided, however, that a
        relationship (A) must be reported only if it then exists or existed within the two prior years, (B) need not be reported
        if it is not material to an investor’s understanding of the Certificates and (C) need not be disclosed for purposes
        of the applicable Form 10-K if it was disclosed in the prospectus relating to the Companion Loan Securities or if it was
        previously reported as “Additional Form 10-K Disclosure”.
	specifically identified as an “other material party to the securities or transaction
        for purposes of Regulation AB and the upcoming Form 10-K” (or substantially similar phrasing) in a written notice
        delivered by the Depositor to the parties to this Trust and Servicing Agreement, which notice is delivered not later than
        February 15 of the year in which the Form 10-K is due.

	Instruction
        J(2)(e) (Affiliations and Certain Relationships and Related Transactions) – Part 2 of 2 Parts:

         

        1119(a)
        of Regulation AB,

         

        But
        only the existence and (if existent) how there is any affiliation between itself (that is, the particular “Party
        Responsible”), on the one hand, and any one or more of the parties listed under the preceding item as a “Party
        Responsible”, on the other; provided, however, that an affiliation need not be disclosed for purposes
        of the applicable Form 10-K if it was disclosed in the prospectus relating to the Companion Loan Securities or if it was
        previously reported as “Additional Form 10-K Disclosure”.

         

        and

         

        ●        
        1119(b) of Regulation AB,

         

        but
only the existence and (if existent) the general character of any business relationship, agreement, arrangement, transaction or
understanding that is entered into outside the ordinary course of business or is on terms other than would be obtained in an arm’s
length transaction with an unrelated third party (apart from the Series 2022-HLNE transaction) between itself (that is, the particular
“Party Responsible”), on the one hand, and any one or 
	●    
        The Depositor

         

        ●    
        Each Trust Loan Seller

         

 

    Exhibit U-6

     

    

 

	Item
    on Form 10-K	Party
    Responsible
	more of the parties
        listed under the preceding item as a “Party Responsible”, on the other; provided, however,
        that a relationship, agreement, arrangement, transaction or understanding (A) must be reported only if it then exists
        or existed within the two prior years, (B) need not be reported if it is not material to an investor’s understanding
        of the Certificates and (C) need not be disclosed for purposes of the applicable Form 10-K if it was disclosed in the
        prospectus relating to the Companion Loan Securities or if it was previously reported as “Additional Form 10-K Disclosure”.

         

        and

         

        ●        
        1119(c) of Regulation AB,

         

        but
        only the existence and (if existent) a description (including the terms and approximate dollar amount) of any specific
        relationship involving or related to the Series 2022-HLNE transaction or the Mortgage Loans between itself (that is, the
        particular “Party Responsible”) or any of its affiliates, on the one hand, and any one or more of the parties
        listed under the preceding item as a “Party Responsible”, on the other; provided, however,
        that a relationship (A) must be reported only if it then exists or existed within the two prior years, (B) need not be
        reported if it is not material to an investor’s understanding of the Certificates and (C) need not be disclosed
        for purposes of the applicable Form 10-K if it was disclosed in the prospectus relating to the Companion Loan Securities
        or if it was previously reported as “Additional Form 10-K Disclosure”.
	 
	Item
        15: Exhibits (no. 2):

         

        Plan
        of acquisition, reorganization, arrangement, liquidation or succession (Exhibit No. 2 of Item 601 of Regulation S-K)

        
	●    
    Depositor

 

    Exhibit U-7

     

    

 

	Item
    on Form 10-K	Party
    Responsible
	Item
        15: Exhibits (no. 3):

         

        Articles
        of incorporation and by-laws (Exhibit No. 3(i) and 3(ii) of Item 601 of Regulation S-K)

         
	●    
    Depositor
	Item
        15: Exhibits (no. 4):

         

        With
        respect to instruments defining the rights of security holders (Exhibit No. 4 of Item 601 of Regulation S-K)

         
	●    
        Trustee

         

        ●    
        Certificate Administrator

         

        ●    
        Depositor

         

        provided,
        in each case, that this shall in no event be construed to make such party responsible for the initial filing of this Trust
        and Servicing Agreement

         

        provided
further, in each case, that in the event any reportable agreement is executed by the Depositor and the Trustee or Certificate
Administrator, then the Depositor shall be the responsible party. 

	Item
        15: Exhibits (no. 10):

         

        Material
        contracts (Exhibit No. 10 of Item 601 of Regulation S-K)

         
	●    
    Certificate Administrator, Trustee, Servicer and/or Special Servicer, in each case to the extent of any contract that satisfies
    all the following conditions:  (a) such contract relates to the Trust or one or more Mortgage Loans or REO Mortgage
    Loans, and (b) such contract is a contract to which such party (or a subcontractor or vendor engaged by such party) is a party
    or that such party (or a subcontractor or vendor engaged by such party) has caused to have been executed on behalf of the
    Trust.
	Item
        15: Exhibits (no. 11):

         

        Statement
        regarding computation of per share earnings (Exhibit No. 11 of Item 601 of Regulation S-K)

        
	●    
    Not Applicable

 

    Exhibit U-8

     

    

 

	Item
    on Form 10-K	Party
    Responsible
	Item
        15: Exhibits (no. 12):

         

        Statement
        regarding computation of ratios (Exhibit No. 12 of Item 601 of Regulation S-K)

        
	●    
    Not Applicable.
	Item
        15: Exhibits (no. 13):

         

        Annual
        report to security holders, Form 10-Q and Form 10-QSB, or quarterly report to security holders (Exhibit No. 13 of Item
        601 of Regulation S-K)

        
	●    
    Not Applicable
	Item
        15: Exhibits (no. 14):

         

        Code
        of Ethics (Exhibit No. 14 of Item 601 of Regulation S-K)

        
	●    
    Not Applicable.
	Item
        15: Exhibits (no. 16):

         

        Letter
        re change in certifying accountant (Exhibit No. 16 of Item 601 of Regulation S-K)

        
	●    
    Not Applicable
	Item
        15: Exhibits (no. 18):

         

        Letter
        re change in accounting principles (Exhibit No. 18 of Item 601 of Regulation S-K)

        
	●    
    Not Applicable.
	Item
        15: Exhibits (no. 21):

         

        Subsidiaries
        of registrant (Exhibit No. 18 of Item 601 of Regulation S-K)

        
	●    
    Depositor.
	Item
        15: Exhibits (no. 22):

         

        Published
        Report Regarding Matters Submitted to a Vote of Security Holders (Exhibit No. 22 of Item 601 of Regulation S-K).

        
	●    
    Not applicable.

 

    Exhibit U-9

     

    

 

	Item
    on Form 10-K	Party
    Responsible
	Item
        15: Exhibits (no. 23) – Part 1 of 2 Parts:

         

        Consents
        of Experts and Counsel (Exhibit No. 23(ii) of Item 601 of Regulation S-K), where (a) the filing of a written consent is
        required with respect to material (in the Form 10-D) that is incorporated by reference in the Depositor’s registration
        statement and (b) the consent is not the consent of a registered public accounting firm in connection with an attestation
        delivered pursuant to Section 13.8 of this Trust and Servicing Agreement.

        
	●    
    Depositor
	Item
        15: Exhibits (no. 23) – Part 2 of 2 Parts:

         

        Consents
        of Experts and Counsel (Exhibit No. 23(ii) of Item 601 of Regulation S-K), but the required shall consist of a consent
        of the registered public accounting firm for purposes of any attestation report rendered with respect to the particular
        “Party Responsible” pursuant to Section 13.8 of this Trust and Servicing Agreement.

         
	●    
        Servicer

         

        ●    
        Special Servicer

         

        ●    
        Depositor

         

        ●    
        Any other Servicing Function Participant

         

        provided,
however, in each case, that such party shall have the duty to report or deliver, or cause the reporting or delivery,
of such consent only to the extent that such party is required to deliver or cause the delivery of the related attestation report. 

	Item
        15: Exhibits (no. 24)

         

        Power
        of Attorney (Exhibit No. 24 of Item 601 of Regulation S-K), but only if the name of any party signing the Form 10-D, or
        the name of any officer signing the Form 10-D on behalf of a party, is signed pursuant to a power of attorney.

        
	●    
    Certificate Administrator
	Item
        15: Exhibits (no. 31(i))

         

        Rule
        13a-14(a)/15d-14(a) Certifications (Exhibit No. 31(i) of Item 601 of Regulation S-K).

        
	●    
    Not Applicable

 

    Exhibit U-10

     

    

 

	Item
    on Form 10-K	Party
    Responsible
	Item
        15: Exhibits (no. 31(ii))

         

        Rule
        13a-14(d)/15d-14(d) Certifications (Exhibit No. 31(ii) of Item 601 of Regulation S-K).

        
	●    
    Delivery of this exhibit (Sarbanes-Oxley certification and backup certifications) is governed by Section 13.11 of this
    Trust and Servicing Agreement.
	Item
        15: Exhibits (no. 32)

         

        Section
        1350 Certifications (Exhibit No. 32 of Item 601 of Regulation S-K).

        
	●    
    Not Applicable.
	Item
        15: Exhibits (no. 33)

         

        Report
        on assessment of compliance with servicing criteria for asset-backed securities (Exhibit No. 33 of Item 601 of Regulation
        S-K).

        
	●    
    Delivery of this exhibit (annual compliance assessment) is governed by Section 13.8 of this Trust and Servicing Agreement.
	Item
        15: Exhibits (no. 34)

         

        Attestation
        report on assessment of compliance with servicing criteria for asset-backed securities (Exhibit No. 34 of Item 601 of
        Regulation S-K).

        
	●    
    Delivery of this exhibit (annual accountants’ attestation report) is governed by Section 13.9 of this Trust and
    Servicing Agreement.
	Item
        15: Exhibits (no. 35)

         

        Servicer
        compliance statement (Exhibit No. 35 of Item 601 of Regulation S-K).

        
	●    
    Delivery of this exhibit (annual servicer compliance statements) is governed by Section 13.7 (and Section 13.8)
    of this Trust and Servicing Agreement.
	Item
        15: Exhibits (no. 99)

         

        Additional
        exhibits (Exhibit No. 99 of Item 601 of Regulation S-K)

        
	●    
    Not Applicable.
	Item
        15: Exhibits (no. 100)

         

        BRL-Related
        Documents (Exhibit No. 100 of Item 601 of Regulation S-K).

        
	●    
    Not Applicable.

 

    Exhibit U-11

     

    

 

	Item
    on Form 10-K	Party
    Responsible
	Item
    15:  Exhibits (By Operation of Item 9B Above), but only to the extent of any document that meets all the following
    conditions:  (a) such document constitutes “Additional Form 8-K Disclosure” pursuant to Item 9.01(d)
    of Exhibit W,
    (b) such document is required to be reported as “Additional Form 8-K Disclosure” during the period to which the
    Form 10-K relates, and (c) such document was not previously reported as “Additional Form 8-K Disclosure”.	●    
    Certificate Administrator, Depositor and Trustee, in each case only to the extent that such party is the “Party Responsible”
    for the exhibit pursuant to Item 9(d) of Exhibit W
    (it being acknowledged that none of the Servicer or the Special Servicer constitutes a “Party Responsible”
    under Exhibit W
    with respect to any exhibits to a Form 10-K).

    Exhibit U-12

     

    

EXHIBIT
V

 

ADDITIONAL
DISCLOSURE NOTIFICATION

 

**SEND
VIA FAX TO [____] AND VIA EMAIL TO [____] AND VIA OVERNIGHT MAIL TO THE ADDRESS IMMEDIATELY BELOW**

 

[___]

Attention: COLEM 2022-HLNE

 

		Re:	**Additional
                                         Form [10-D][10-K][8-K] Disclosure** Required

 

Ladies
and Gentlemen:

 

In
accordance with Section [13.4] [13.5] [13.6] of the Trust and Servicing Agreement, dated as of March 15, 2022 (the “Trust
and Servicing Agreement”), by and among Barclays Commercial Mortgage Securities LLC, as Depositor (the “Depositor”),
KeyBank National Association, as Servicer and as Special Servicer, Wilmington Trust, National Association, as Trustee, and Computershare
Trust Company, National Association, as Certificate Administrator and Custodian, the undersigned, as [ ], hereby notifies you
that certain events have come to our attention that [will] [may] need to be disclosed on Form [10-D][10-K][8-K].

 

Description
of Additional Form [10-D][10-K][8-K] Disclosure:

 

List
of any Attachments hereto to be included in the Additional Form [10-D][10-K][8-K] Disclosure:

 

Any
inquiries related to this notification should be directed to [                  ], phone number: [                  ]; email address: [                  ].

 

	 	[NAME OF PARTY],
	 	 	as [role]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

  

		cc:	Depositor

 

    Exhibit V-1

     

    

EXHIBIT
W

 

FORM
8-K DISCLOSURE INFORMATION

 

For
so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the parties identified
in the “Party Responsible” column are obligated pursuant to Section 13.6 of the Trust and Servicing Agreement
to report to each Other Exchange Act Reporting Party and each Other Depositor to which the particular Form 8-K Disclosure Information
is relevant for Exchange Act reporting purposes, the occurrence of any event described in the corresponding Form 8-K Item described
in the “Item on Form 8-K” column to the extent such party has knowledge of such information (other than information
as to itself). Each of the Certificate Administrator, the Trustee, the Servicer, the Special Servicer, each Other Exchange Act
Reporting Party and the Other Depositor shall be entitled to rely on the accuracy of the Offering Circular and the offering materials
with respect to any related Other Securitization Trust (other than information with respect to itself that is set forth in or
omitted from such offering materials or the Offering Circular), in the absence of specific notice to the contrary from the Depositor,
Other Depositor or a Loan Seller. Each of the Certificate Administrator, the Trustee, the Servicer, the Special Servicer, each
Other Exchange Act Reporting Party and the Other Depositor shall be entitled to assume that there is no “significant obligor”
other than a party or property identified as such in the prospectus relating to the Other Securitization and to assume that no
other party or property will constitute a “significant obligor” after the Cut-off Date. In no event shall the Servicer
or the Special Servicer be required to provide any information for inclusion in a Form 8-K that relates to any Mortgage Loan for
which the Servicer or the Special Servicer is not the applicable Servicer or Special Servicer, as the case may be. For this Series
2022-HLNE Trust and Servicing Agreement and any Other Securitization Trust, each of the Certificate Administrator, the Trustee,
the Servicer, the Special Servicer, each Other Exchange Act Reporting Party and the Other Depositor shall be entitled to assume
that there is no provider of credit enhancement, liquidity or derivative instruments within the meaning of Items 1114 or 1115
of Regulation AB other than a party identified as such in the Offering Circular and the offering materials with respect to any
related Other Securitization Trust.

 

    Exhibit W-1

     

    

  

	Item
    on Form 8-K	Party
    Responsible 
	Item
        1.01: Entry into a Material Definitive Agreement

         
	●    
        Depositor, except as described in the next bullet (it being acknowledged that Item 601 of Regulation S-K requires filing
        of material contracts to which the registrant or a subsidiary thereof is a party).

         

        ●    
Certificate Administrator, Trustee, Servicer and/or Special Servicer (it being acknowledged that Instruction 3 to Item 1.01
of Form 8-K requires disclosure regarding the entry into or an amendment of a definitive agreement that is material to the asset-backed
securities transaction, even if the registrant is not a party to such agreement), in each case to the extent of any amendment
or definitive agreement that satisfies all the following conditions: (a) such amendment or definitive agreement relates to the
Trust or one or more Mortgage Loans or REO Mortgage Loans, and (b) such amendment or definitive agreement is an amendment or definitive
agreement to which such party (or a subcontractor or vendor engaged by such party) is a party or that such party (or a subcontractor
or vendor engaged by such party) has caused to have been executed on behalf of the Trust; provided, however,
that the Certificate Administrator shall be the “Party Responsible” in connection with any amendment to this Trust
and Servicing Agreement. 

 

    Exhibit W-2

     

    

 

	Item
    on Form 8-K	Party
    Responsible 
	Item
    1.02:  Termination of a Material Definitive Agreement– Part 1 of 2 Parts	●    
    Certificate Administrator, Trustee, Servicer and/or Special Servicer, in each case to the extent of any contract that satisfies
    all the following conditions:  (a) such contract relates to the Trust or one or more Mortgage Loans or REO Mortgage
    Loans, and (b) such contract is a contract to which such party (or a subcontractor or vendor engaged by such party) is a party
    or that such party (or a subcontractor or vendor engaged by such party) has caused to have been executed on behalf of the
    Trust; provided,
    however,
    that the Certificate Administrator shall be the “Party Responsible” in connection with any amendment to this Trust
    and Servicing Agreement.
	Item
    1.02:  Termination of a Material Definitive Agreement– Part 2 of 2 Parts	●    
    Depositor, to the extent of any material agreement not covered in the prior item
	Item
    1.03:  Bankruptcy or Receivership	●    
    Depositor
	Item
    2.04:  Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance
    Sheet Arrangement	●    
        Depositor

         

        ●    
Certificate Administrator 

	Item
    3.03:  Material Modification to Rights of Security Holders	●    
    Certificate Administrator
	Item
    5.03:  Amendments of Articles of Incorporation or Bylaws; Change of Fiscal Year	●    
    Depositor
	Item
    6.01:  ABS Informational and Computational Material	●    
    Depositor
	Item
    6.02 (Part 1 of 3 Parts):  Change of Servicer or Trustee, but only to the extent related to a change in trustee	●    
        Trustee (as to itself)

         

        ●    
Depositor 

 

    Exhibit W-3

     

    

 

	Item
    on Form 8-K	Party
    Responsible 
	Item
    6.02 (Part 2 of 3 Parts):  Change of Servicer or Trustee, but only to the extent related to a change in Servicer
    or Special Servicer	●    
        Certificate Administrator

         

        ●    
Servicer or Special Servicer, as the case may be (in each case, as to itself) 

	Item
    6.02 (Part 3 of 3 Parts):  Change of Servicer or Trustee, but only to the extent related to a servicer (other than
    a party to the Trust and Servicing Agreement) appointed by the particular “Party Responsible”.	●    
        Servicer

         

        ●    
        Special Servicer

         

        ●    
        Certificate Administrator

         

        ●    
Depositor 

	Item
    6.03:  Change in Credit Enhancement or External Support	●    
        Depositor

         

        ●    
Certificate Administrator 

	Item
    6.04:  Failure to Make a Required Distribution	●    
    Certificate Administrator
	Item
    6.05:  Securities Act Updating Disclosure	●    
    Depositor
	Item
    7.01:  Regulation FD Disclosure	●    
    Depositor
	Item
    8.01:  Other Events	●    
    Depositor
	Item
        9.01(d): Exhibits (no. 1):

         

        Underwriting
agreement (Exhibit No. 1 of Item 601 of Regulation S-K) 
	●    
    Not applicable
	Item
        9.01(d): Exhibits (no. 2):

         

        Plan
of acquisition, reorganization, arrangement, liquidation or succession (Exhibit No. 2 of Item 601 of Regulation S-K) 
	●    
    Depositor
	Item
        9.01(d): Exhibits (no. 3):

         

        Articles
of incorporation and by-laws (Exhibit No. 3(i) and 3(ii) of Item 601 of Regulation S-K) 
	●    
    Depositor

 

    Exhibit W-4

     

    

 

	Item
    on Form 8-K	Party
    Responsible 
	Item
        9.01(d): Exhibits (no. 4):

         

        With
respect to instruments defining the rights of security holders (Exhibit No. 4 of Item 601 of Regulation S-K) 
	●    
        Certificate Administrator

         

        provided,
in each case, that this shall in no event be construed to make such party responsible for the initial filing of this Trust and
Servicing Agreement 

	Item
        9.01(d): Exhibits (no. 7):

         

        Correspondence
from an independent accountant regarding non-reliance on a previously issued audit report or completed interim review. (Exhibit
No. 7 of Item 601 of Regulation S-K) 
	●    
    Not Applicable
	Item
        9.01(d): Exhibits (no. 14):

         

        Code
of Ethics (Exhibit No. 14 of Item 601 of Regulation S-K) 
	●    
    Not Applicable
	Item
        9.01(d): Exhibits (no. 16):

         

        Letter
re change in certifying accountant (Exhibit No. 16 of Item 601 of Regulation S-K) 
	●    
    Not Applicable
	Item
        9.01(d): Exhibits (no. 17):

         

        Correspondence
on departure of director (Exhibit No. 17 of Item 601 of Regulation S-K) 
	●    
    Not Applicable
	Item
        9.01(d): Exhibits (no. 20):

         

        Other
documents or statements to security holders (Exhibit No. 20 of Item 601 of Regulation S-K) 
	●    
    Not Applicable

 

    Exhibit W-5

     

    

 

	Item
    on Form 8-K	Party
    Responsible 
	Item
        9.01(d): Exhibits (no. 23):

         

        Consents
of Experts and Counsel (Exhibit No. 23(ii) of Item 601 of Regulation S-K), where the filing of a written consent is required with
respect to material (in the Form 10-D) that is incorporated by reference in the Depositor’s registration statement. 
	●    
    Depositor
	Item
        9.01(d): Exhibits (no. 24)

         

        Power
of Attorney (Exhibit No. 24 of Item 601 of Regulation S-K), but only if the name of any party signing the Form 10-D, or the name
of any officer signing the Form 10-D on behalf of a party, is signed pursuant to a power of attorney. 
	●    
    Certificate Administrator
	Item
        15: Exhibits (no. 99)

         

        Additional
exhibits (Exhibit No. 99 of Item 601 of Regulation S-K) 
	●    
    Not Applicable.
	Item
        15: Exhibits (no. 100)x

         

        BRL-Related
Documents (Exhibit No. 100 of Item 601 of Regulation S-K). 
	●    
    Not Applicable.

    Exhibit W-6

     

    

EXHIBIT
X

 

INITIAL
SUB-SERVICERS

 

None.

 

    Exhibit X-1

     

    

EXHIBIT
Y

 

FORM
OF ANNUAL COMPLIANCE STATEMENT

 

CERTIFICATION

COLEM 2022-HLNE Mortgage Trust,

Commercial Mortgage Pass-Through Certificates

Series 2022-HLNE (the “Trust”)

 

I,
[identifying the certifying individual], on behalf of [KeyBank National Association, as Servicer and as Special Servicer] [Computershare
Trust Company, National Association, as Certificate Administrator] [Wilmington Trust, National Association, as Trustee] (the “Certifying
Servicer”), certify to Barclays Commercial Mortgage Securities LLC and its officers, directors and affiliates, and with
the knowledge and intent that they will rely upon this certification, that:

 

I
(or Servicing Officers under my supervision) have reviewed the Certifying Servicer’s activities [during the preceding calendar
year] [between [__] and [__]] and the Certifying Servicer’s performance under the Trust and Servicing Agreement; and

 

To
the best of my knowledge, based on such review, the Certifying Servicer has fulfilled all of its obligations under the Trust and
Servicing Agreement in all material respects [throughout such year] [between [__] and [__]]. [To my knowledge, the Certifying
Servicer has failed to fulfill the following obligations under the Trust and Servicing Agreement: [SPECIFY EACH SUCH FAILURE AND
THE NATURE AND STATUS THEREOF]].

 

	Date:	 	 

 

[KEYBANK
NATIONAL ASSOCIATION, as Servicer]

[KEYBANK NATIONAL ASSOCIATION, as Special Servicer]

[COMPUTERSHARE TRUST COMNPANY, NATIONAL ASSOCIATION, as certificate administrator]

[WILMINGTON TRUST, NATIONAL ASSOCIATION, as trustee]

 

	By:	 	 
	 	Name:	 
	 	Title:	 

 

    Exhibit Y-1

     

    

EXHIBIT
Z

 

FORM
OF REPORT ON ASSESSMENT OF

COMPLIANCE WITH SERVICING CRITERIA

 

		1.	[Name
                                         of Reporting Servicer] (the “Reporting Servicer”) is responsible for
                                         assessing compliance with the servicing criteria applicable to it under paragraph (d)
                                         of Item 1122 of Regulation AB, as of and for the 12-month period ending December 31,
                                         20[__] (the “Reporting Period”), as set forth in Exhibit L to the
                                         Trust and Servicing Agreement. The transactions covered by this report include asset-backed
                                         securities transactions for which the Reporting Servicer acted as [a Servicer, special
                                         servicer, trustee, certificate administrator] involving commercial mortgage loans [other
                                         than __________________*] (the “Platform”);

 

The
Reporting Servicer has engaged certain vendors, which are not servicers as defined in Item 1101(j) of Regulation AB (the “Vendors”)
to perform specific, limited or scripted activities, and the Reporting Servicer elects to take responsibility for assessing compliance
with the servicing criteria or portion of the servicing criteria applicable to such Vendors’ activities as set forth on
Schedule A;

 

Except
as set forth in paragraph 4 below, the Reporting Servicer used the criteria set forth in paragraph (d) of Item 1122 of Regulation
AB to assess the compliance with the applicable servicing criteria;

 

The
criteria listed in the column titled “Inapplicable Servicing Criteria” on Schedule A hereto are inapplicable to the
Reporting Servicer based on the activities it performs, directly or through its Vendors, with respect to the Platform;

 

The
Reporting Servicer has complied, in all material respects, with the applicable servicing criteria as of December 31, 20[__] and
for the Reporting Period with respect to the Platform taken as a whole[, except as described on Schedule B hereto];

 

The
Reporting Servicer has not identified and is not aware of any material instance of noncompliance by the Vendors with the applicable
servicing criteria as of December 31, 20[__] and for the Reporting Period with respect to the Platform taken as a whole[, except
as described on Schedule B hereto];

 

The
Reporting Servicer has not identified any material deficiency in its policies and procedures to monitor the compliance by the
Vendors with the applicable servicing criteria as of December 31, 20[__] and for the Reporting Period with respect to the Platform
taken as a whole[, except as described on Schedule B hereto]; and

 

 

**
Describe any permissible exclusions, including those permitted under telephone interpretation 17.04 (i.e. transactions registered
prior to compliance with Regulation AB, transactions involving an offer and sale of asset backed securities that were not required
to be issued), if applicable.

 

    Exhibit Z-1

     

    

 

[____],
a registered public accounting firm, has issued an attestation report on the Reporting Servicer’s assessment of compliance
with the applicable servicing criteria for the Reporting Period.

 

[Date
of Certification]

 

	 	[NAME
OF REPORTING SERVICER]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    Exhibit Z-2

     

    

EXHIBIT
AA-1

 

FORM
OF CERTIFICATION TO BE PROVIDED TO DEPOSITOR BY SERVICER

 

Barclays
Commercial Mortgage Securities LLC

745 7th Avenue

New York, New York 10019

Attention: Daniel Vinson

 

		Re:	COLEM
2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE, issued pursuant to the Trust and Servicing
Agreement dated as of March 15, 2022 (the “Trust and Servicing Agreement”), among Barclays Commercial Mortgage
Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wilmington Trust, National Association,
as Trustee, and Computershare Trust Company, National Association, as Certificate Administrator and Custodian.________________________

 

I,
[identity of certifying individual], hereby certify to the Depositor and each Other Depositor and their respective officers, directors
and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the
Certification Parties will rely on this Certification in connection with the certification concerning the Trust or trust related
to an Other Securitization, as applicable, to be signed by an officer of the Depositor or Other Depositor, as applicable, and
submitted to the Securities and Exchange Commission pursuant to the Sarbanes-Oxley Act of 2002:

 

1.       I
(or Servicing Officers under my supervision) have reviewed the servicing and other information required to be provided by the
Servicer in accordance with the Trust and Servicing Agreement for inclusion in the annual report on Form 10-K for the period ended
December 31, 20[__] (“Form 10-K”) and all information required to be provided by the Servicer in accordance
with the Trust and Servicing Agreement for inclusion in all reports on Form 10-D and Form 8-K required to be filed in respect
of the period covered by the Form 10-K (collectively, with the Form 10-K, the “Reports”) (such information
provided by the Servicer, collectively, the “Servicer Periodic Information”);

 

2.       Based
on my knowledge, and assuming the accuracy of the statements required to be made by each Special Servicer in the special servicer
backup certificate delivered by each Special Servicer relating to the relevant period, the Servicer Periodic Information, taken
as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements
made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by
the Form 10-K;

 

3.       Based
on my knowledge, and assuming the accuracy of the statements required to be made by each Special Servicer in the special servicer
backup certificate delivered by each Special Servicer relating to the relevant period, all of servicing and other information
required to be provided by the Servicer under the Trust and Servicing Agreement for inclusion in

 

    Exhibit AA-1-1

     

    

 

the Reports for the period covered
by the Form 10-K is included in the Servicer Periodic Information;

 

4.       I
(or Servicing Officers under my supervision) am responsible for reviewing the activities performed by the Servicer under the Trust
and Servicing Agreement and based on my knowledge and the compliance review conducted in preparing the Servicer compliance statement
required to be delivered under Article 13 of the Trust and Servicing Agreement for inclusion in the Form 10-K under Item 1123
of Regulation AB, and except as disclosed in the Servicer Periodic Information, the Servicer has fulfilled its obligations under
the Trust and Servicing Agreement in all material respects;

 

5.       The
accountants that are to deliver the annual attestation report on assessment of compliance with the Relevant Servicing Criteria
in respect of the Servicer with respect to the Trust’s fiscal year _____ have been provided all information relating to
the Servicer’s assessment of compliance with the Relevant Servicing Criteria in order to enable them to conduct a review
in compliance with the standards for attestation engagements issued or adopted by the PCAOB; and

 

6.       All
of the reports on assessment of compliance with servicing criteria for asset-backed securities applicable to the Servicer or any
Servicing Function Participant retained by the Servicer (the “Relevant Servicing Criteria”) and their related
attestation reports on assessment of compliance with the Relevant Servicing Criteria required under the Trust and Servicing Agreement
to be delivered for inclusion in the Form 10-K in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and
15d-18, have been delivered in accordance with the Trust and Servicing Agreement. All material instances of noncompliance with
the Relevant Servicing Criteria have been disclosed in such reports and such assessment of compliance is fairly stated in all
material respects.

 

This
Certification is being signed by me as an officer of the Servicer responsible for reviewing the activities performed by the Servicer
under the Trust and Servicing Agreement.

 

	Dated:  	 	 	 
	 	 	 	 
	 	 	 	Name:
	 	 	 	Title:

 

    Exhibit AA-1-2

     

    

EXHIBIT
AA-2

 

FORM
OF CERTIFICATION TO BE PROVIDED TO DEPOSITOR BY SPECIAL SERVICER

 

Barclays
Commercial Mortgage Securities LLC

745 7th Avenue

New York, New York 10019

Attention: Daniel Vinson

 

		Re:	COLEM
                                         2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE,
                                         issued pursuant to the Trust and Servicing Agreement dated as of March 15, 2022 (the
                                         “Trust and Servicing Agreement”), among Barclays Commercial Mortgage
                                         Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special
                                         Servicer, Wilmington Trust, National Association, as Trustee, and Computershare Trust
                                         Company, National Association, as Certificate Administrator and Custodian.

 

I,
[identity of certifying individual], hereby certify to the Depositor and each Other Depositor and their respective officers, directors
and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the
Certification Parties will rely on this Certification in connection with the certification concerning the Trust or trust related
to an Other Securitization, as applicable, to be signed by an officer of the Depositor or Other Depositor, as applicable, and
submitted to the Securities and Exchange Commission pursuant to the Sarbanes-Oxley Act of 2002:

 

1.       I
(or Servicing Officers under my supervision) have reviewed the servicing and other information required to be provided by the
Special Servicer in accordance with the Trust and Servicing Agreement for inclusion in the annual report on Form 10-K for the
period ended December 31, 20[__] (“Form 10-K”) and all information required to be provided by the Special Servicer
in accordance with the Trust and Servicing Agreement for inclusion in all reports on Form 10-D and Form 8-K required to be filed
in respect of the period covered by the Form 10-K (collectively with the Form 10-K, the “Reports”) (such information
provided by the Special Servicer, collectively, the “Special Servicer Periodic Information”);

 

2.       Based
on my knowledge, the Special Servicer Periodic Information, taken as a whole, does not contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by the Form 10-K;

 

3.       Based
on my knowledge, all servicing and other information required to be provided by the Special Servicer under the Trust and Servicing
Agreement for inclusion in the Reports for the period covered by the Form 10-K is included in the Special Servicer Periodic Information;

 

    Exhibit AA-2-1

     

    

 

4.       I
(or Servicing Officers under my supervision) am responsible for reviewing the activities performed by the Special Servicer under
the Trust and Servicing Agreement, and based on my knowledge and the compliance review conducted in preparing the Special Servicer’s
compliance statement required to be delivered under Article 13 of the Trust and Servicing Agreement for inclusion in the Form
10-K under Item 1123 of Regulation AB, and except as disclosed in the Special Servicer Periodic Information, the Special Servicer
has fulfilled its obligations under the Trust and Servicing Agreement in all material respects;

 

5.       The
accountants that are to deliver the annual attestation report on assessment of compliance with the Relevant Servicing Criteria
in respect of the Special Servicer with respect to the Trust’s fiscal year _____ have been provided all information relating
to the Special Servicer’s assessment of compliance with the Relevant Servicing Criteria in order to enable them to conduct
a review in compliance with the standards for attestation engagements issued or adopted by the PCAOB; and

 

6.       All
of the reports on assessment of compliance with servicing criteria for asset-backed securities applicable to the Special Servicer
or any Servicing Function Participant retained by the Special Servicer (the “Relevant Servicing Criteria”)
and their related attestation reports on assessment of compliance with the Relevant Servicing Criteria required under the Trust
and Servicing Agreement to be delivered for inclusion in the Form 10-K in accordance with Item 1122 of Regulation AB and Exchange
Act Rules 13a-18 and 15d-18, have been delivered in accordance with the Trust and Servicing Agreement. All material instances
of noncompliance with the Relevant Servicing Criteria have been disclosed in such reports and such assessment of compliance with
servicing criteria is fairly stated in all material respects.

 

This
Certification is being signed by me as an officer of the Special Servicer responsible for reviewing the activities performed by
the Special Servicer under the Trust and Servicing Agreement.

 

	Dated:  	 	 	 
	 	 	 	 
	 	 	 	Name:
	 	 	 	Title:

 

    Exhibit AA-2-2

     

    

EXHIBIT
AA-3

 

FORM
OF CERTIFICATION TO BE PROVIDED TO DEPOSITOR BY CERTIFICATE ADMINISTRATOR

 

		Re:	COLEM
                                         2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE,
                                         issued pursuant to the Trust and Servicing Agreement dated as of March 15, 2022 (the
                                         “Trust and Servicing Agreement”), among Barclays Commercial Mortgage
                                         Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special
                                         Servicer, Wilmington Trust, National Association, as Trustee, and Computershare Trust
                                         Company, National Association, as Certificate Administrator and Custodian. 

 

I,
[identity of certifying individual], hereby certify to the Depositor and each Other Depositor and their respective officers, directors
and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the
Certification Parties will rely on this Certification in connection with the certification concerning the Trust or trust related
to an Other Securitization, as applicable, to be signed by an officer of the Depositor or Other Depositor, as applicable, and
submitted to the Securities and Exchange Commission pursuant to the Sarbanes-Oxley Act of 2002:

 

1.       I
(or an officer under my supervision) have reviewed the annual report on Form 10-K for the period ended December 31, 20[__] (the
“Form 10-K”) and all reports on Form 10-D and Form 8-K filed in respect of the period covered by the Form 10-K
(collectively, with the Form 10-K, the “Reports”);

 

2.       Based
on my knowledge, the Reports, taken as a whole, do not contain any untrue statement of a material fact or omit to state a material
fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading
with respect to the period covered by the Form 10-K;

 

3.       Based
on my knowledge, all of the distribution and other information required to be provided by the Certificate Administrator under
the Trust and Servicing Agreement for inclusion in the Reports for the period covered by the Form 10-K is included in the Reports
and all of the distribution, servicing and other information provided to the Certificate Administrator by the Trustee, the Servicer
and the Special Servicer under the Trust and Servicing Agreement for inclusion in the Reports for the period covered by the Form
10-K is included in the Reports;

 

4.       I
(or an officer under my supervision) am responsible for reviewing the activities performed by the Certificate Administrator under
the Trust and Servicing Agreement and based on my knowledge and the compliance review conducted in preparing the Certificate Administrator
compliance statement required to be delivered under Article 13 of the Trust and Servicing Agreement for inclusion in the Form
10-K under Item 1123 of Regulation AB, and

 

    Exhibit AA-3-1

     

    

 

except as disclosed in the Reports, the Certificate Administrator has fulfilled its
obligations under the Trust and Servicing Agreement in all material respects; and

 

5.       All
of the reports on assessment of compliance with servicing criteria for asset-backed securities applicable to the Certificate Administrator
or any Servicing Function Participant retained by the Certificate Administrator (the “Relevant Servicing Criteria”)
and their related attestation reports on assessment of compliance with the Relevant Servicing Criteria required to be included
in the Form 10-K in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been included as
an exhibit to the Form 10-K. Any material instances of noncompliance described in such reports have been disclosed in the Form
10-K and such assessment of compliance is fairly stated in all material respects.

 

This
Certification is being signed by me as an officer of the Certificate Administrator responsible for reviewing the activities performed
by the Certificate Administrator under the Trust and Servicing Agreement.

 

	Dated:  	 	 	 
	 	 	 	 
	 	 	 	Name:
	 	 	 	Title:

 

    Exhibit AA-3-2

     

    

EXHIBIT
AA-4

 

FORM
OF CERTIFICATION TO BE PROVIDED TO DEPOSITOR BY TRUSTEE

 

Barclays
Commercial Mortgage Securities LLC

745 7th Avenue

New York, New York 10019

Attention: Daniel Vinson

 

		Re:	COLEM
                                         2022-HLNE Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-HLNE,
                                         issued pursuant to the Trust and Servicing Agreement dated as of March 15, 2022 (the
                                         “Trust and Servicing Agreement”), among Barclays Commercial Mortgage
                                         Securities LLC, as Depositor, KeyBank National Association, as Servicer and as Special
                                         Servicer, Wilmington Trust, National Association, as Trustee, and Computershare Trust
                                         Company, National Association, as Certificate Administrator and Custodian. 

 

I,
[identity of certifying individual], hereby certify to the Depositor and each Other Depositor and their respective officers, directors
and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the
Certification Parties will rely on this Certification in connection with the certification concerning the Trust or trust related
to an Other Securitization, as applicable, to be signed by an officer of the Depositor or Other Depositor, as applicable, and
submitted to the Securities and Exchange Commission pursuant to the Sarbanes-Oxley Act of 2002:

 

1.       I
(or officers under my supervision) have reviewed the information required to be provided by the Trustee in accordance with the
Trust and Servicing Agreement for inclusion in the annual report on Form 10-K for the period ended December 31, 20[__] (“Form
10-K”) and all information required to be provided by the Trustee in accordance with the Trust and Servicing Agreement
for inclusion in the reports on Form 10-D and Form 8-K required to be filed in respect of the period covered by the Form 10-K
of the Trust (collectively with the Form 10-K, the “Reports”) (such information provided by the Trustee, collectively,
the “Trustee Periodic Information”);

 

2.       Based
on my knowledge, the Trustee Periodic Information, taken as a whole, does not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by the Form 10-K;

 

3.       Based
on my knowledge, all information required to be provided by the Trustee under the Trust and Servicing Agreement for inclusion
in the Reports for the period covered by the Form 10-K is included in the Trustee Periodic Information;

 

4.       I
(or officers under my supervision) am responsible for reviewing the activities performed by the Trustee under the Trust and Servicing
Agreement, and based on my

 

    Exhibit AA-4-1

     

    

 

knowledge and the compliance review conducted in preparing the Trustee’s compliance statement
to be delivered under Article 13 of the Trust and Servicing Agreement required for inclusion in the Form 10-K under Item 1123
of Regulation AB, and except as disclosed in the Trustee Periodic Information, the Trustee has fulfilled its obligations under
the Trust and Servicing Agreement in all material respects; and

 

5.       All
of the reports on assessment of compliance with servicing criteria for asset-backed securities applicable to the Trustee or any
Servicing Function Participant retained by the Trustee (the “Relevant Servicing Criteria”) and their related
attestation reports on assessment of compliance with the Relevant Servicing Criteria required under the Trust and Servicing Agreement
to be delivered for inclusion in the Form 10-K in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and
15d-18, have been delivered in accordance with the Trust and Servicing Agreement. All material instances of noncompliance with
the Relevant Servicing Criteria have been disclosed in such reports and such assessment of compliance with servicing criteria
is fairly stated in all material respects.

 

This
Certification is being signed by me as an officer of the Trustee responsible for reviewing the activities performed by the Trustee
under the Trust and Servicing Agreement.

 

	Dated:  	 	 	 
	 	 	 	 
	 	 	 	Name:
	 	 	 	Title:

 

    Exhibit AA-4-2

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