Document:

Exhibit
4.9 

 

EXECUTION
VERSION

	 

 

Key
Center

 

CO-LENDER
AGREEMENT

 

Dated
as of January 31, 2017

 

between

 

CITI
REAL ESTATE FUNDING INC.

(Note A-1 Holder and Note A-4 Holder)

 

and

 

BANK
OF AMERICA, N.A.

(Note A-2 Holder and Note A-5 Holder)

 

and

 

DEUTSCHE
BANK AG, NEW YORK BRANCH

(Note A-3 Holder and Note A-6 Holder)

	 

 

    	 	 

     

    

 

TABLE
OF CONTENTS

 

	 	 	 	Page
	 	 	 	 
	1.	Definitions;
    Conflicts	 	2
	2.	Servicing
    of the Mortgage Loan	 	19
	3.	Priority of
    Notes	 	20
	4.	Workout	 	21
	5.	Accounts;
    Payment Procedure	 	21
	6.	Limitation
    on Liability	 	22
	7.	Representations
    of the Holders	 	22
	8.	Independent
    Analyses of each Holder	 	23
	9.	No Creation
    of a Partnership or Exclusive Purchase Right	 	23
	10.	Not a Security	 	24
	11.	Other Business
    Activities of the Holders	 	24
	12.	Transfer of
    Notes	 	24
	13.	Exercise of
    Remedies by the Servicer	 	26
	14.	Rights of
    the Directing Holder	 	28
	15.	Appointment
    of Special Servicer	 	29
	16.	Rights of
    the Non-Directing Holder	 	29
	17.	Advances;
    Reimbursement of Advances	 	30
	18.	Provisions
    Relating to Securitization	 	32
	19.	Governing
    Law; Waiver of Jury Trial	 	40
	20.	Modifications	 	40
	21.	Successors
    and Assigns; Third Party Beneficiaries	 	40
	22.	Counterparts	 	40
	23.	Captions	 	40
	24.	Notices	 	40
	25.	Custody of
    Mortgage Loan Documents/Mortgagee of Record	 	41

 

    	 	 -i-	 

     

    

 

THIS
CO-LENDER AGREEMENT (the “Agreement”), dated as of January 31, 2017, is between CITI REAL ESTATE FUNDING
INC., a New York corporation (“Citi”), having an address at 390 Greenwich Street, 7th Floor, New York,
New York, as Note A-1 Holder and Note A-4 Holder, BANK OF AMERICA, N.A., a national banking association (“BANA”),
having an address at One Bryant Park, 35th Floor, New York, New York 10036, as Note A-2 Holder and Note A-5 Holder,
and DEUTSCHE BANK AG, NEW YORK BRANCH, a German bank, authorized by the New York Department of Financial Services (“DB-AG”),
having an address at 60 Wall Street, 10th Floor, New York, New York 10005, as Note A-3 Holder and Note A-6 Holder.

 

W
I T N E S S E T H:

 

WHEREAS,
Citi, BANA and DB-AG have made a mortgage loan in the original principal amount of $220,000,000 (the “Mortgage Loan”)
to 127 PS Fee Owner LLC, a Delaware limited liability company (the “Borrower”), pursuant to a loan agreement
between the Borrower, as borrower, and Citi, BANA and DB-AG, as lenders, dated as of January 31, 2017 (the “Loan Agreement”);

 

WHEREAS,
the Mortgage Loan is evidenced by six promissory notes, Promissory Note A-1 in the original principal amount of $50,000,000,
Promissory Note A-2 in the original principal amount of $40,000,000, Promissory Note A-3 in the original principal amount
of $40,000,000, Promissory Note A-4 in the original principal amount of $30,000,000, Promissory Note A-5 in the original
principal amount of $40,000,000 and Promissory Note A-6 in the original principal amount of $20,000,000 (“Note A-1”,
“Note A-2”, “Note A-3”, “Note A-4”, “Note A-5”
and “Note A-6”, respectively and individually, and each a “Note” and collectively the “Notes”);

  

WHEREAS,
the Mortgage Loan is secured by a first mortgage lien (the “Mortgage”) on the real property known as Key Center,
located in Cleveland, Ohio (the “Mortgaged Property”);

 

WHEREAS,
each Initial Note Holder intends, but is not bound, to sell transfer and assign all or a portion of its right, title and interest
in and to its respective Note to one or more depositors who will in turn transfer the same to one or more trusts as part of the
securitization of one or more mortgage loans;

 

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

 

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

 

    	 	 

     

    

 

1.          Definitions;
Conflicts. References to a “Section” or the “recitals” are, unless otherwise specified, to a
Section or the recitals of this Agreement. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed
thereto in the Servicing Agreement. To the extent of any inconsistency between this Agreement and the Servicing Agreement, this
Agreement shall control. Whenever used in this Agreement, the following terms shall have the respective meanings set forth below
unless the context clearly requires otherwise.

 

“Accelerated
Mezzanine Loan” shall mean any mezzanine loan (secured by a pledge of the direct (or indirect) equity interests in the
Mortgagor) related to the Mortgage Loan if such mezzanine loan either (i) has been accelerated, or (ii) is the subject of foreclosure
proceedings against the related collateral for such mezzanine loan.

 

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

 

“Advance”
shall mean any P&I Advance or Property Advance made with respect to any of the Notes, the Mortgage Loan or the Mortgaged Property
pursuant to the Note A-1 PSA, the Note A-2 PSA, the Note A-3 PSA, the Note A-4 PSA, the Note A-5 PSA or the Note A-6 PSA.

 

“Affiliate”
shall mean, (i) prior to the occurrence of the Lead Securitization, with respect to any specified Person, (a) any other Person
controlling or controlled by or under common control with such specified Person (each, a “Common Control Party”),
(b) any other Person owning, directly or indirectly, ten percent (10%) or more of the beneficial interests in such Person
or (c) any other Person in which such Person or a Common Control Party owns, directly or indirectly, ten percent (10%) or
more of the beneficial interests (and, for the purposes of the definition in this clause (i), “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), and (ii) following the occurrence of the Lead Securitization,
shall have the meaning assigned thereto in the Lead Securitization Servicing Agreement. For the avoidance doubt, German American
Capital Corporation shall be deemed an “Affiliate” of DB-AG.

 

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

 

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

 

“BANA”
shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

 

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

 

    	 	- 2 -	 

     

    

 

“Borrower
Party” shall mean (i) prior to the occurrence of the Lead Securitization, either (a) the Borrower, the Mortgagor or
the manager of the Mortgaged Property or any Affiliate of any of the foregoing or (b) a holder or beneficial owner of any Accelerated
Mezzanine Loan or any Affiliate of any of the foregoing, and (ii) following the occurrence of the Lead Securitization, shall have
the meaning assigned to the term “Borrower Restricted Party” or “Borrower Party”, as applicable, in the
Lead Securitization Servicing Agreement.

 

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

 

“CLO
Asset Manager” shall mean, with respect to any Securitization Vehicle that is a CLO, the entity that is responsible
for managing or administering the underlying assets of such Securitization Vehicle or, if applicable, the assets of any Intervening
Trust Vehicle (including, without limitation, the right to exercise any consent and control rights available to the Directing
Holder).

 

“Certificate
Administrator” shall mean the certificate administrator under the Lead Securitization Servicing Agreement.

 

“Certificate
Administrator Fees” shall have the meaning given to such term or an analogous term in the Note A-1 PSA, the Note A-2
PSA, the Note A-3 PSA, the Note A-4 PSA, the Note A-5 PSA or the Note A-6 PSA.

 

“Certificates”
shall mean any securities issued in connection with the Note A-1 Securitization, the Note A-2 Securitization, the Note A-3 Securitization,
the Note A-4 Securitization, the Note A-5 Securitization or the Note A-6 Securitization.

 

“Citi”
shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

 

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

 

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

 

“Collection
Account” shall mean the “collection account” or sub-account thereof, established under the Servicing Agreement
for the purpose of servicing the Mortgage Loan.

 

“Commission”
shall have the meaning assigned to such term in Section 18(b)(ix).

 

“Control”
shall mean the ownership, directly or indirectly, in the aggregate of more than fifty percent (50%) of the beneficial ownership
interests of an entity and the possession, directly or indirectly, of the power to direct or cause the direction of the management
or policies of an entity, whether through the ability to exercise voting power, by contract or otherwise. “controlled by,”
“controlling” and “under common control with” shall have the respective correlative meaning thereto.

 

    	 	- 3 -	 

     

    

 

“Custodian”
shall mean the custodian under the Lead Securitization Servicing Agreement.

 

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

 

“Defaulted
Mortgage Loan” shall mean the Mortgage Loan in the event that the Mortgage Loan is delinquent at least 60 days in respect
of its Monthly Payments or more than 60 days in respect of its balloon payment, in either case to be determined without giving
effect to any grace period permitted by the Mortgage Loan Documents and without regard to any acceleration of payments under the
Mortgage Loan Documents.

 

“Depositor”
shall mean (i) with respect to the Note A-1 Securitization, the depositor under the Note A-1 PSA, (ii) with respect
to the Note A-2 Securitization, the depositor under the Note A-2 PSA, (iii) with respect to the Note A-3 Securitization,
the depositor under the Note A-3 PSA, (iv) with respect to the Note A-4 Securitization, the depositor under the Note A-4
PSA, (v) with respect to the Note A-5 Securitization, the depositor under the Note A-5 PSA, and (vi) with respect to the
Note A-6 Securitization, the depositor under the Note A-6 PSA.

 

“Directing
Holder” shall mean the Holder of Note A-1 or, if Note A-1 is included in a Securitization, the holders of Certificates
issued in connection with such Securitization representing the specified interest in the class of Certificates designated as the
“Controlling Class” or the duly appointed representative of the holders of such Certificates or such other party that
the Note A-1 Holder grants the right to exercise the rights granted to the Directing Holder in this Agreement; provided,
that no Borrower Party shall be entitled to act as Directing Holder.

 

“Event
of Default” shall mean an “Event of Default” as defined in the Loan Agreement.

 

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

 

“Excluded
Amounts” shall mean:

 

(i)          proceeds,
awards or settlements to be applied to the restoration or repair of the Mortgaged Property or released to the Borrower in accordance
with the terms of the Mortgage Loan Documents;

 

(ii)          amounts
required to be deposited in reserve or escrow pursuant to the Mortgage Loan Documents; and

 

(iii)          amounts
that are then due and payable pursuant to the Servicing Agreement to the parties to the Servicing Agreement, including, without
limitation, Servicing Fees, Special Servicing Fees, if applicable, reimbursement of costs and expenses, reimbursement of Property
Advances and interest thereon at the Reimbursement Rate;

 

provided,
however, that Excluded Amounts shall not include (A) any amounts received in respect of any P&I Advances (and interest
thereon), (B) any Servicing Fees due to the Master

 

    	 	- 4 -	 

     

    

 

Servicer
in excess of the Servicing Fee calculated at the “primary servicing fee rate” set forth in the Servicing Agreement
and (C) any Trustee Fees, Certificate Administrator Fees or Operating Advisor Fees.

 

“First
Securitization” shall mean the earliest to occur of any Securitization; provided that, prior to the Securitization
of Note A-1, if two or more Notes other than Note A-1 have the same Securitization Date but are included in different Securitizations,
then the Securitization including the Note(s) with the larger (aggregate) Note Principal Balance shall be the First Securitization;
and provided, further, that if Note A-1 and any other Note are included in different Securitizations that have the
same Securitization Date, the Securitization that includes Note A-1 shall be the First Securitization.

 

“First
Securitization Date” shall mean the Securitization Date for the First Securitization.

 

“First
Securitization Note” shall mean the Note(s) securitized in the First Securitization.

 

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

 

“Hazardous
Materials” shall mean any dangerous, toxic or hazardous pollutants, chemicals, wastes, or substances, including, without
limitation, those so identified pursuant to the Comprehensive Environmental Response, Compensation, and Liability Act, 42 U.S.C.
§ 9601 et seq., or any other environmental laws now existing, and specifically including, without limitation,
asbestos and asbestos-containing materials, polychlorinated biphenyls (“PCBs”), radon gas, petroleum and petroleum
products, urea formaldehyde and any substances classified as being “in inventory,” “usable work in process”
or similar classification which would, if classified as unusable, be included in the foregoing definition.

 

“Holder”
shall mean each of the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder and
the Note A-6 Holder.

 

“Indemnified
Items” shall have the meaning assigned to such term in Section 18(c)(ii).

 

“Indemnified
Parties” shall have the meaning assigned to such term in Section 18(c)(i).

 

“Initial
Note A-1 Holder” shall mean Citi or any Affiliate of Citi.

 

“Initial
Note A-2 Holder” shall mean BANA or any Affiliate of BANA.

 

“Initial
Note A-3 Holder” shall mean DB-AG or any Affiliate of DB-AG.

 

“Initial
Note A-4 Holder” shall mean Citi or any Affiliate of Citi.

 

“Initial
Note A-5 Holder” shall mean BANA or any Affiliate of BANA.

 

    	 	- 5 -	 

     

    

 

“Initial
Note A-6 Holder” shall mean DB-AG or any Affiliate of DB-AG.

 

“Initial
Note Holder” shall mean each of the Initial Note A-1 Holder, the Initial Note A-2 Holder, the Initial Note A-3 Holder,
the Initial Note A-4 Holder, the Initial Note A-5 Holder and the Initial Note A-6 Holder.

 

“Intervening
Trust Vehicle” shall mean, with respect to any Securitization Vehicle that is a CLO, a trust vehicle or entity which
holds Note A-1, Note A-2, Note A-3, Note A-4, Note A-5 or Note A-6 as collateral securing (in whole or in part) any obligation
or security held by such Securitization Vehicle as collateral for the CLO.

 

“KBRA”
shall mean Kroll Bond Rating Agency, Inc. and its successors in interest.

 

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

 

“Lead
Note” shall mean Note A-1; provided, that if the First Securitization does not include Note A–1, then
(i) for the period from the First Securitization Date until the Securitization Date for Note A-1, the First Securitization Note
shall be the Lead Note, and (ii) on and after the Securitization Date for Note A-1, Note A–1 shall be the Lead Note.

 

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

 

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

 

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

 

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

 

“Lead
Securitization Servicing Agreement” shall mean the PSA executed and delivered in connection with the Lead Securitization.

 

“Lead
Servicer” shall mean the servicer and/or special servicer designated under the Lead Securitization Servicing Agreement.

 

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

 

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

 

“Loan
Combination Custodial Account” shall mean the “Loan Combination Custodial Account” or analogous account
established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

 

    	 	- 6 -	 

     

    

 

“Major
Decision” shall have the meaning given to such term or any analogous term in the Lead Securitization Servicing Agreement;
provided that, at any time that no Note is included in a Securitization, “Major Decision” shall mean, any of the following,

 

(i)          any
proposed or actual foreclosure upon or comparable conversion (which may include acquisitions of an REO Property) of the ownership
of properties securing the Mortgage Loan as come into and continue in default;

 

(ii)          any
modification, consent to a modification or waiver of a monetary term or material non-monetary term (including, without limitation,
the timing of payments and acceptance of discounted payoffs but excluding Penalty Charges) of the Mortgage Loan or any extension
of the Maturity Date of the Mortgage Loan;

 

(iii)         any
sale of the Defaulted Mortgage Loan or REO Property (other than in connection with the termination of the Lead Securitization
Trust) for less than the applicable Repurchase Price (as defined in the Servicing Agreement);

 

(iv)        any
determination to bring an REO Property into compliance with applicable environmental laws or to otherwise address Hazardous Materials
located at an REO Property;

 

(v)         any
release of collateral or any acceptance of substitute or additional collateral for the Mortgage Loan, or any consent to either
of the foregoing, other than as 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 waiver or consent to a transfer of the Mortgaged Property or interests in the Borrower or consent to the incurrence of
additional debt, other than any such transfer or incurrence of debt as may be effected without the consent of the lender under
the Loan Agreement;

 

(vii)       any
property management company changes (with respect to the Mortgage Loan (i) with an unpaid principal balance greater than $2,500,000
or (ii) where the successor property manager is affiliated with the Borrower) or franchise changes with respect to the Mortgage
Loan for which the lender is required to consent or approve under the Mortgage Loan Documents;

 

(viii)      releases
of any escrows, 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 Documents and for which there is no material lender discretion;

 

(ix)         any
acceptance of an assumption agreement releasing the Borrower from liability under the Mortgage Loan other than pursuant to the
specific terms of the Mortgage Loan Documents and for which there is no lender discretion;

 

(x)          any
determination of an Acceptable Insurance Default;

 

    	 	- 7 -	 

     

    

 

(xi)         the
determination of the Special Servicer to transfer the Mortgage Loan to special servicing due to an imminent default;

 

(xii)        any
acceleration of the Mortgage Loan following a default or an event of default or any initiation of judicial, bankruptcy or similar
proceedings under the Mortgage Loan Documents or with respect to the Borrower or Mortgaged Property; and

 

(xiii)       any
modification, waiver or amendment of an intercreditor agreement, co-lender agreement, participation agreement or similar agreement
with any mezzanine lender, holder of a Note or other subordinate debt holder related to the Mortgage Loan, or an action to enforce
rights with respect thereto, in each case, in a manner that materially and adversely affects the holders of the Lead Note.

 

“Master
Servicer” shall mean the master servicer under the Servicing Agreement and any successor thereunder.

 

“Master
Servicer Remittance Date” shall mean, with respect to any Non-Lead Note, (i) prior to the related Non-Lead Securitization,
the “master servicer remittance date” as such term is defined in the applicable Servicing Agreement, and (ii) from
and after the related Non-Lead Securitization, the earlier of (x) the “master servicer remittance date” as such term
is defined in the Lead Securitization Servicing Agreement, and (y) the business day following the applicable Non-Lead Securitization
Determination Date, in each case above in this definition as long as such date is at least one Business Day after the scheduled
Monthly Payment date under the Loan Agreement and no sooner than the sixth calendar day of the month.

 

“Maturity
Date” shall have the meaning assigned to such term in Exhibit A.

 

“Monthly
Payment” with respect to any period shall mean all amounts due and payable to any Holder or Holders during such period
in accordance with the Mortgage Loan Documents.

 

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

 

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

 

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

 

“Mortgage
Interest Rate” shall mean the Mortgage Interest Rate set forth in the Mortgage Loan Schedule with respect to each of
Note A-1, Note A-2, Note A-3, Note A-4, Note A-5 and Note A-6.

 

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

 

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

 

    	 	- 8 -	 

     

    

 

“Mortgage
Loan Principal Balance” shall mean, at any date of determination, the aggregate outstanding principal balance of the
Notes evidencing the Mortgage Loan.

 

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

 

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

 

“Non-Directing
Holder” shall mean the Holder of more than a fifty percent (50%) percentage interest of a Non-Lead Note, and if a Non-Lead
Note has been included in a Securitization, the holders of Certificates representing the specified interest in the class of Certificates
designated as the “controlling class” or the duly appointed representative of the holders of such Certificates or
such other party otherwise entitled under the applicable Non-Lead Securitization Servicing Agreement to exercise the rights granted
to a Non-Directing Holder in this Agreement. If a Non-Lead Note is not in a Securitization, the Non-Directing Holder with respect
to such Non-Lead Note will be the then-current Holder of such Non-Lead Note.

 

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

 

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

 

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

 

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

 

“Non-Lead
Note” shall mean a Note that is not the Lead Note.

 

“Non-Lead
Note Holder” shall mean the Holder of a Non-Lead Note.

 

“Non-Lead
Securitization” shall mean any Securitization that is not the Lead Securitization.

 

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

 

“Non-Lead
Securitization Servicing Agreement” shall mean a PSA that is not the Lead Securitization Servicing Agreement.

 

“Non-Lead
Securitization Trust” shall mean any Securitization Trust that holds a Non-Lead Securitization Note.

 

    	 	- 9 -	 

     

    

 

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

 

“Non-Lead
Sponsor” shall mean, with respect to a Non-Lead Note, the Holder that acts as the sponsor with respect to such Non-Lead
Note in connection with the related Non-Lead Securitization.

 

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

 

“Nonrecoverable
Advance” shall have the meaning ascribed to such term in the Servicing Agreement.

 

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

 

“Note A-1
Holder” shall mean Citi or any subsequent holder of Note A-1.

 

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

 

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

 

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

 

“Note
A-1 Securitization Date” shall mean the closing date of the Note A-1 Securitization.

 

“Note A-1
Trust Fund” shall mean the trust formed pursuant to the Note A-1 PSA.

 

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

 

“Note A-2
Holder” shall mean BANA or any subsequent holder of Note A-2.

 

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

 

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

 

    	 	- 10 -	 

     

    

 

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

 

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

 

“Note A-2
Trust Fund” shall mean the trust formed pursuant to the Note A-2 PSA.

 

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

 

“Note A-3
Holder” shall mean DB-AG or any subsequent holder of Note A-3.

 

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

 

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

 

“Note A-3
Securitization” shall mean the first sale by the Note A-3 Holder of all or any portion of Note A-3 to a depositor
who will in turn include all or such portion (as applicable) of Note A-3 as part of the securitization of one or more mortgage
loans.

 

“Note
A-3 Securitization Date” shall mean the closing date of the Note A-3 Securitization.

 

“Note A-3
Trust Fund” shall mean the trust formed pursuant to the Note A-3 PSA.

 

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

 

“Note A-4
Holder” shall mean Citi or any subsequent holder of Note A-4.

 

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

 

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

 

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

 

    	 	- 11 -	 

     

    

 

“Note
A-4 Securitization Date” shall mean the closing date of the Note A-4 Securitization.

 

“Note A-4
Trust Fund” shall mean the trust formed pursuant to the Note A-4 PSA.

 

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

 

“Note A-5
Holder” shall mean BANA or any subsequent holder of Note A-5.

 

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

 

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

 

“Note A-5
Securitization” shall mean the first sale by the Note A-5 Holder of all or any portion of Note A-5 to a depositor
who will in turn include all or such portion (as applicable) of Note A-5 as part of the securitization of one or more mortgage
loans.

 

“Note
A-5 Securitization Date” shall mean the closing date of the Note A-5 Securitization.

 

“Note A-5
Trust Fund” shall mean the trust formed pursuant to the Note A-5 PSA.

 

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

 

“Note A-6
Holder” shall mean DB-AG or any subsequent holder of Note A-6.

 

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

 

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

 

“Note A-6
Securitization” shall mean the first sale by the Note A-6 Holder of all or any portion of Note A-6 to a depositor
who will in turn include all or such portion (as applicable) of Note A-6 as part of the securitization of one or more mortgage
loans.

 

“Note
A-6 Securitization Date” shall mean the closing date of the Note A-6 Securitization.

 

    	 	- 12 -	 

     

    

 

“Note A-6
Trust Fund” shall mean the trust formed pursuant to the Note A-6 PSA.

 

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

 

“Operating
Advisor” shall mean each operating advisor under the Lead Securitization Servicing Agreement.

 

“Operating
Advisor Fees” shall have the meaning given to such term or an analogous term in each of the Note A-1 PSA, the Note A-2
PSA, the Note A-3 PSA, the Note A-4 PSA, the Note A-5 PSA and the Note A-6 PSA.

 

“P&I
Advance” shall mean an advance made by a party to the Note A-1 PSA, the Note A-2 PSA, the Note A-3 PSA, the Note A-4
PSA, the Note A-5 PSA or the Note A-6 PSA, as applicable, with respect to a delinquent monthly debt service payment on the Notes
included in the related Securitization.

 

“Penalty
Charges” shall mean any amounts collected from the Borrower or with respect to the Mortgage Loan or the Mortgaged Property
that represent default charges, penalty charges, late fees and/or default interest, but excluding any yield maintenance charge
or prepayment premium.

 

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

 

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

 

“Property
Advance” shall mean an advance made in respect of property protection expenses or expenses incurred to protect, preserve
and enforce the security for the Mortgage Loan or to pay taxes and assessments or insurance premiums with respect to the Mortgaged
Property.

 

“Pro
Rata and Pari Passu Basis” shall mean with respect to the Notes and each Holder, (i) for purposes of allocating payments
of interest among the Notes, each Note or Holder, as the case may be, is allocated its respective pro rata share based
on the interest accrued on such Note at the respective Mortgage Interest Rate of such Note based on the outstanding principal
balance of such Note and (ii) for all other purposes, the allocation of any particular payment, collection, cost, expense, liability
or other amount between such Notes or such Holders, as the case may be, without any priority of any such Note or any such Holder
over another Note or Holder, as the case may be, and in any event such that each Note or Holder, as the case may be, is allocated
its respective pro rata share based on the outstanding principal

 

    	 	- 13 -	 

     

    

 

balance
of its Note in relation to the outstanding principal balance of the entire Mortgage Loan of such particular payment, collection,
cost, expense, liability or other amount.

 

“PSA”
shall mean each of the Note A-1 PSA, the Note A-2 PSA, the Note A-3 PSA, the Note A-4 PSA, the Note A-5 PSA and the Note A-6 PSA.

 

“Qualified
Servicer” shall mean (i) Wells Fargo Bank, National Association, (ii) Midland Loan Services, a Division of
PNC Bank, National Association, (iii) KeyBank National Association or (iv) any nationally recognized commercial mortgage
loan servicer (1) rated at least “CSS3,” in the case of a special servicer, or at least “CMS2,” in
the case of a master servicer, by Fitch, (2) on the S&P Select Servicer List as a U.S. Commercial Mortgage Master Servicer
or a U.S. Commercial Mortgage Special Servicer, as applicable, (3) as to which neither Moody’s nor KBRA has cited servicing
concerns of such servicer as the sole or material factor in any qualification, downgrade or withdrawal of the ratings (or placement
on “watch status” in contemplation of a ratings downgrade or withdrawal) of securities in any CMBS transaction rated
by Moody’s or KBRA, as applicable, and serviced by such servicer prior to the time of determination, (4) that (i) during
the 12-month period prior to the date of determination, acted as master servicer or special servicer, as applicable, in a commercial
mortgage loan securitization rated by Morningstar and (ii) Morningstar has not qualified, downgraded or withdrawn the then-current
rating or ratings of one or more classes of such certificates citing servicing concerns with the servicer or special servicer,
as applicable, as the sole or material factor in such rating action and (5) that is then currently acting as servicer in a CMBS
transaction rated by DBRS and as to which DBRS has not cited servicing concerns of such servicer as the sole or material factor
in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation of a
ratings downgrade or withdrawal) of any securities issued in such transaction that are rated by DBRS. For purposes of this definition,
for so long as any Note is included in a Securitization, the ratings or actions of any Rating Agency that is not rating such Securitization(s)
shall not be considered.

 

“Qualified
Transferee” shall mean an Affiliate of Citi, BANA or DB-AG, or one or more of the following (other than any Borrower
Party):

 

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

 

(ii)          an
investment company, money management firm or a “qualified institutional buyer” within the meaning of Rule 144A under
the Securities Act of 1933, as amended, which regularly engages in the business of making or owning investments of types similar
to the Mortgage Loan; or

 

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

 

    	 	- 14 -	 

     

    

 

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

 

(v)          a
Qualified Trustee (or, in the case of a CLO, a single purpose bankruptcy-remote entity that contemporaneously pledges its interest
in a Note to a Qualified Trustee) in connection with (A) a securitization of, (B) the creation of collateralized loan
(or debt) obligations (“CLO”) secured by, or (C) a financing through an “owner trust” of,
any interest in a Note (any of the foregoing, a “Securitization Vehicle”), provided that either (1) one
or more classes of securities issued by such Securitization Vehicle is initially rated at least investment grade by at least two
(2) of the Rating Agencies engaged to assign ratings to classes of securities issued in connection with the applicable Securitization
of the applicable Note; (2) in the case of a Securitization Vehicle that is not a CLO, the special servicer for the Securitization
Vehicle is a Qualified Servicer at the time of transfer; or (3) in the case of a Securitization Vehicle that is a CLO, the
CLO Asset Manager and, if applicable, each Intervening Trust Vehicle that is not administered and managed by a CLO Asset Manager
that is a Qualified Transferee, is a Qualified Transferee under clause (i), (ii), (iii) or (iv) of this definition; or

 

(vi)          an
investment fund, limited liability company, limited partnership or general partnership in which a Permitted Fund Manager acts
as the general partner, managing member, or the fund manager responsible for the day to day management and operation of such investment
vehicle, provided that greater than fifty percent (50%) of the equity interests in such investment vehicle are owned, directly
or indirectly, by one or more entities that are otherwise Qualified Transferees;

 

which,
in the case of each of clauses (i), (ii), and (iii) of this definition, has at least $650,000,000 in total assets (in name
or under management) and (except with respect to a pension advisory firm or similar fiduciary) at least $250,000,000 in capital/statutory
surplus or shareholders’ equity, and is regularly engaged in the business of making or owning commercial real estate loans
or commercial loans similar to the Mortgage Loan.

 

“Qualified
Trustee” shall mean (i) a corporation, national bank, national banking association or a trust company, organized
and doing business under the laws of any state or the United States of America, authorized under such laws to exercise corporate
trust powers and to accept the trust conferred, having a combined capital and surplus of at least $100,000,000 and subject to
supervision or examination by federal or state authority or (ii) an institution whose long-term senior unsecured debt is
then rated in one of the top three rating categories of each of the Rating Agencies.

 

“Rating
Agencies” shall mean DBRS, Fitch, KBRA, Moody’s, Morningstar and S&P and their respective successors in interest
or, if any of such entities shall for any reason no longer perform the functions of a securities rating agency, any other nationally
recognized statistical rating agency reasonably designated by any Holder to rate the securities issued in

 

    	 	- 15 -	 

     

    

 

connection
with the Securitization of the related Note; provided, however, that, unless specified otherwise, at any time during
which any Note is an asset of a Securitization, “Rating Agencies” or “Rating Agency” shall
mean only those rating agencies that are engaged by the applicable Depositor from time to time to rate the securities issued in
connection with such Securitization.

 

“Rating
Agency Confirmation” shall mean each of the applicable Rating Agencies shall have confirmed in writing that the occurrence
of the event with respect to which such Rating Agency Confirmation is sought shall not result in a downgrade, qualification or
withdrawal of the applicable rating or ratings ascribed by such Rating Agency to any of the Certificates then outstanding. In
the event that no Certificates are outstanding, any action that would otherwise require a Rating Agency Confirmation shall require
the consent of the Directing Holder (unless it is a Borrower Party), which consent shall not be unreasonably withheld, conditioned
or delayed.

 

For
the purposes of this Agreement, if any Rating Agency (1) waives, declines or refuses, in writing, to review or otherwise engage
any request for a confirmation hereunder from such Rating Agency that a proposed action will not result in a qualification, downgrade
or withdrawal of its then current rating of the securities issued pursuant to the related Securitization, or (2) does not reply
to such request or responds in a manner that indicates that such Rating Agency is neither reviewing such request nor waiving the
requirement for Rating Agency Confirmation and the related timing, notice and other applicable provisions set forth in the Note
A-1 PSA, Note A-2 PSA, Note A-3 PSA, Note A-4 PSA, Note A-5 PSA and Note A-6 PSA have been satisfied, then for such request only,
the condition that such confirmation by such Rating Agency (only) be obtained will be deemed not to apply for purposes of this
Agreement. For purposes of clarity, any such waiver, declination or refusal to review or otherwise engage in any request for such
confirmation hereunder shall not be deemed a waiver, declination or refusal to review or otherwise engage in any subsequent request
for such Rating Agency Confirmation hereunder and the condition for such Rating Agency Confirmation pursuant to this Agreement
for any subsequent request shall apply regardless of any previous waiver, declination or refusal to review or otherwise engage
in such prior request.

 

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

 

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

 

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

 

“REO
Property” shall mean the Mortgaged Property, title to which has been acquired by the Servicer on behalf of (or other
Person designated by) the Holders through foreclosure, deed in lieu of foreclosure or otherwise.

 

    	 	- 16 -	 

     

    

 

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

 

“Securitization”
shall mean each of the Note A-1 Securitization, the Note A-2 Securitization, the Note A-3 Securitization, the Note A-4 Securitization,
the Note A-5 Securitization and the Note A-6 Securitization, as applicable.

 

“Securitization
Date” shall mean, with respect to a Securitization, the effective date on which such Securitization is consummated.

 

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

 

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

 

“Servicer”
shall mean (i) the Master Servicer with respect to a non-Specially Serviced Mortgage Loan and the Special Servicer with respect
to a Specially Serviced Mortgage Loan, or (ii) with respect to a specific function, right or obligation as to which the Servicing
Agreement designates the Master Servicer or the Special Servicer, the party so designated, as applicable, pursuant to the Servicing
Agreement.

 

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

 

“Servicing
Agreement” shall mean (a) prior to the occurrence of the Lead Securitization, that certain Interim Servicing Agreement,
dated as of February 26, 2004 and as amended as of the date hereof, between Citi, as owner, and Wells Fargo Bank, National Association
(as successor to Wachovia Bank, National Association), as servicer, and any replacement servicing agreement entered into with
any successor interim servicer appointed by the Note A-1 Holder, and (b) following the occurrence of the Lead Securitization,
the applicable Lead Securitization Servicing Agreement; provided that in the event the Lead Note is no longer an asset
of the trust fund created pursuant to the Servicing Agreement, the term “Servicing Agreement” shall refer to the subsequent
servicing agreement entered into pursuant to Section 2.

 

“Servicing
Fee” shall mean the primary servicing fee of the Master Servicer pursuant to the terms of the Servicing Agreement, which
will generally be calculated as the product of (i) the Servicing Fee Rate and (ii) the Note A-1 Principal Balance, the
Note A-2 Principal Balance, the Note A-3 Principal Balance, the Note A-4 Principal Balance, the Note A-5 Principal Balance and
the Note A-6 Principal Balance, as applicable, as of the date of determination.

 

    	 	- 17 -	 

     

    

 

“Servicing
Fee Rate” shall mean the rate per annum at which the primary servicing fee of the Master Servicer is calculated pursuant
to the terms of the Servicing Agreement) which rate, when applied to the Note A-1 Principal Balance, the Note A-2 Principal Balance,
the Note A-3 Principal Balance, the Note A-4 Principal Balance, the Note A-5 Principal Balance and the Note A-6 Principal Balance,
as applicable, will determine the primary servicing fee payable to the Master Servicer under the Servicing Agreement.

 

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

 

“Servicing
Transfer Event” shall mean any of the events specified in the Servicing Agreement, whereby the servicing of the Mortgage
Loan is required to be transferred to the Special Servicer from the Master Servicer.

 

“Special
Servicer” shall mean the special servicer of the Mortgage Loan as appointed under the terms of this Agreement and the
Servicing Agreement, or any successor special servicer appointed as provided thereunder.

 

“Special
Servicing Fee” shall have the meaning given to such term or an analogous term in the Servicing Agreement; provided
that under no circumstances shall the Special Servicing Fee exceed 0.2500% per annum (25 basis points) of the outstanding
principal balance of the Mortgage Loan, subject to any applicable minimum Special Servicing Fee set forth in the Lead Securitization
Servicing Agreement.

 

“Specially
Serviced Mortgage Loan” shall mean the Mortgage Loan during the period it is serviced by the Special Servicer following
a Servicing Transfer Event.

 

“Transfer”
shall mean any assignment, pledge, conveyance, sale, transfer, mortgage, encumbrance, grant of a security interest, issuance of
a participation interest, or other disposition, either directly or indirectly, by operation of law or otherwise.

 

“Trust
Fund” shall mean each of the Note A-1 Trust Fund, the Note A-2 Trust Fund, the Note A-3 Trust Fund, the Note A-4 Trust
Fund, the Note A-5 Trust Fund and the Note A-6 Trust Fund.

 

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

 

“Trustee
Fee” shall have the meaning given to such term or an analogous term in each of the Note A-1 PSA, the Note A-2 PSA, the
Note A-3 PSA, the Note A-4 PSA, the Note A-5 PSA and the Note A-6 PSA.

 

    	 	- 18 -	 

     

    

 

2.          Servicing
of the Mortgage Loan. (a)  Each Holder acknowledges and agrees that, subject in each case to the specific terms
of this Agreement, the Mortgage Loan shall be serviced pursuant to the terms of this Agreement and the applicable Servicing Agreement.

 

(b)          Prior
to the closing of the Lead Securitization, all servicing and other decisions regarding the Mortgage Loan shall be made: (i) with
respect to matters set forth on Exhibit D hereto, by unanimous consent of the Holders and (ii) with respect to all other
matters, except as otherwise expressly set forth in this Agreement or in the Servicing Agreement (provided that any conflict between
the Servicing Agreement and this Agreement shall be resolved in favor of this Agreement), by the Directing Holder in consultation
with each Non-Directing Holder. Each PSA shall contain terms and conditions that are customary for securitization transactions
involving assets similar to the Mortgage Loan and that are otherwise (A) required by the Code relating to the tax elections
of any Trust Fund, (B) required by law or changes in any law, rule or regulation or (C) requested by the Rating Agencies
rating any Securitization.

 

(c)          Subject
to the terms and conditions of this Agreement, each Holder hereby irrevocably and unconditionally consents, effective upon the
Lead Securitization, to the appointment of the Master Servicer and the Trustee under the Servicing Agreement by the Depositor
and the appointment of the Special Servicer by the Directing Holder and agrees to reasonably cooperate with the Master Servicer
and the Special Servicer with respect to the servicing of the Mortgage Loan in accordance with the Servicing Agreement. Each Holder
hereby appoints, effective upon the Lead Securitization, the Master Servicer, the Special Servicer and the Trustee under the Servicing
Agreement as such Holder’s attorney-in-fact to sign any documents reasonably required with respect to the administration
and servicing of the Mortgage Loan on its behalf under the Servicing Agreement (subject at all times to the rights of the Holders
as set forth herein and in such Servicing Agreement).

 

(d)          If,
at any time the Lead Note is no longer in a Securitization, the Lead Note Holder shall cause the Mortgage Loan to be serviced
pursuant to a servicing agreement that is substantially similar to the Servicing Agreement (and, if a Non-Lead Note is in a Securitization,
a Rating Agency Confirmation from the Rating Agencies that were engaged by the applicable Depositor to rate such Securitization
shall be obtained) and all references herein to the “Servicing Agreement” shall mean such subsequent Servicing
Agreement; provided, however, that until a replacement Servicing Agreement has been entered into (and such Rating
Agency Confirmation has been obtained), the Lead Note Holder shall cause the Mortgage Loan to be serviced pursuant to the provisions
of the Servicing Agreement to which the Lead Note was subject, as if such Servicing Agreement was still in full force and effect
with respect to the Mortgage Loan; provided, further, however, that until a replacement Servicing Agreement
is in place, the actual servicing of the Mortgage Loan may be performed by any Qualified Servicer appointed by the Lead Note Holder
and does not have to be performed by the service providers set forth under the Servicing Agreement that was previously in effect.

 

(e)          Notwithstanding
anything to the contrary contained herein (including Sections 4 and 13(a)), each Servicing Agreement shall
provide that the Servicer shall be required to service and administer the Mortgage Loan in accordance with the Servicing Standard
as set

 

    	 	- 19 -	 

     

    

 

forth
in such Servicing Agreement, and any Holder who is not a Borrower Party shall be deemed a third-party beneficiary of such provisions
of the Servicing Agreement. It is understood that each Non-Lead Note Holder may separately appoint a servicer for its Non-Lead
Note, by itself or together with other assets, but any such servicer will have no responsibility hereunder and shall be compensated
solely by such Non-Lead Note Holder from funds payable to it hereunder or otherwise.

 

(f)          The
Holders acknowledge that the Servicer is to comply with this Agreement, the Servicing Agreement and the Mortgage Loan Documents
in connection with the servicing of the Mortgage Loan.

 

(g)          If
any Note is included as an asset of a real estate mortgage investment conduit (a “REMIC”), within the meaning
of Section 860D(a) of the Code, then, any provision of this Agreement to the contrary notwithstanding: (i) the Mortgage
Loan shall be administered such that the Notes shall qualify at all times as (or as interests in) a “qualified mortgage”
within the meaning of Section 860G(a)(3) of the Code, (ii) any real property (and related personal property) acquired
by or on behalf of the Holders pursuant to a foreclosure, exercise of a power of sale or delivery of a deed in lieu of foreclosure
of the Mortgage or lien on such property following a default on the Mortgage Loan shall be administered so that the interest of
the pro rata share of each Holder therein shall at all times qualify as “foreclosure property” within the meaning
of Section 860G(a)(8) of the Code, and (iii) no Servicer may modify, waive or amend any provision of the Mortgage Loan,
consent to or withhold consent from any action of the Borrower, or exercise or refrain from exercising any powers or rights that
the Holders may have under the Mortgage Loan Documents, if any such action would constitute a “significant modification”
of the Mortgage Loan, within the meaning of Section 1.860G-2(b) of the regulations of the United States Department of the
Treasury, more than three (3) months after the startup day of the REMIC that includes any Note (or any portion thereof). Each
Holder agrees that the provisions of this paragraph shall be effected by compliance with any REMIC provisions in the Servicing
Agreement relating to the administration of the Mortgage Loan.

 

(h)          In
the event that one of the Notes is included in a REMIC, the other Holders shall not be required to reimburse such Holder or any
other Person for payment of any taxes imposed on such REMIC or Advances therefor or for any interest on such Advance or for deficits
in other items of disbursement or income resulting from the use of funds for payment of any such taxes, nor shall any disbursement
or payment otherwise distributable to the other Holders be reduced to offset or make-up any such payment or deficit.

 

3.          Priority
of Notes. Each Note shall be of equal priority, and no portion of any Note shall have priority or preference over any
portion of any other Note or security therefor. Except for the Excluded Amounts, all amounts tendered by the Borrower or otherwise
available for payment on the Mortgage Loan, whether received in the form of Monthly Payments, a balloon payment, Liquidation Proceeds,
proceeds under any guaranty, letter of credit or other instrument serving as security on the Mortgage Loan, proceeds under title,
hazard or other insurance policies or awards or settlements in respect of condemnation proceedings or similar exercise of the
power of eminent domain, shall be distributed by the Servicer and applied to the Notes on a Pro Rata and Pari Passu Basis.

 

    	 	- 20 -	 

     

    

 

The
Servicing Agreement shall provide for the application of Penalty Charges paid in respect of the Mortgage Loan to be used (i) to
pay the Master Servicer, the Trustee or the Special Servicer for interest accrued on any Property Advances and reimbursement of
Property Advances, (ii) to pay the parties to any Securitization for interest accrued on any P&I Advance, (iii) to
pay certain other expenses incurred with respect to the Mortgage Loan and (iv) to pay to the Master Servicer and/or the Special
Servicer as additional servicing compensation.

 

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

 

4.          Workout. Notwithstanding
anything to the contrary contained herein, but subject to the terms and conditions of the Servicing Agreement and Section 13 and (prior to the occurrence of a Lead Securitization) Exhibit D of this Agreement, and the obligation to act in
accordance with the Servicing Standard, if the Lead Note Holder, or any Servicer, in connection with a workout or proposed
workout of the Mortgage Loan, modifies the terms thereof such that (i) the Mortgage Loan Principal Balance is decreased,
(ii) the Mortgage Interest Rate is reduced, (iii) payments of interest or principal on any Note are waived, reduced
or deferred or (iv) any other adjustment is made to any of the payment terms of the Mortgage Loan, such modification
shall not alter, and any modification of the Mortgage Loan Documents shall be structured to preserve, the equal priorities of
the Notes as described in Section 3.

 

5.          Accounts;
Payment Procedure. The Servicing Agreement shall provide that the Master Servicer shall establish and maintain the Collection
Account or Collection Accounts, as applicable. The Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder,
the Note A-5 Holder and the Note A-6 Holder hereby direct the Master Servicer, in accordance with the priorities set forth in
Section 3 hereof, and subject to the terms of the Servicing Agreement, (i) to deposit into the applicable Collection
Account within the time period specified in the Servicing Agreement all payments received with respect to the Mortgage Loan and
(ii) to remit from the applicable Collection Account for deposit or credit on the applicable Master Servicer Remittance Date all
payments received with respect to and allocable to any Non-Lead Note, by wire transfer to the account maintained by the related
Non-Lead Note Holder; provided that delinquent payments received by the Master Servicer after the related Master Servicer Remittance
Date shall be remitted by the Master Servicer to such accounts within the time period specified in the Servicing Agreement.

 

If
any Servicer holding or having distributed any amount received or collected in respect of a Note determines, or a court of competent
jurisdiction orders, at any time that any amount received or collected in respect of such Note must, pursuant to any insolvency,
bankruptcy, fraudulent conveyance, preference or similar law, be returned to the Borrower or paid to the related Holder, or any
Servicer or paid to any other Person, then, notwithstanding any other provision of this Agreement, no Servicer shall be required
to distribute any portion thereof to such Holder, and such Holder shall promptly on demand repay to such Servicer the portion

 

    	 	- 21 -	 

     

    

 

thereof
which shall have been theretofore distributed to such Holder together with interest thereon at such rate, if any, as such Servicer
shall have been required to pay to the Borrower, the other Holder, any Servicer or such other person or entity with respect thereto.
Each Holder agrees that if at any time it shall receive from any sources whatsoever any payment on account of the Mortgage Loan
in excess of its distributable share thereof, it will promptly remit such excess to the Master Servicer. The Master Servicer shall
have the right to offset any amounts due hereunder from a Holder with respect to the Mortgage Loan against any future payments
due to such Holder under the Mortgage Loan, provided, that the obligations of each Holder under this Section 5 are separate and distinct obligations from one another and in no event shall any Servicer enforce the obligations of any Holder
against any other Holder. The obligations of the Holders under this Section 5 constitute absolute, unconditional and
continuing obligations and each Servicer shall be deemed a third-party beneficiary of these provisions.

 

6.          Limitation
on Liability. Subject to the terms of the Servicing Agreement, no Holder (including the Master Servicer or the Special
Servicer on its behalf) shall have any liability to any other Holder with respect to any Note, except (1) with respect to
the Advance reimbursement provisions set forth in Section 17 and (2) with respect to losses actually suffered
due to the negligence, willful misconduct or material breach of this Agreement on the part of such Holder (including the Master
Servicer or the Special Servicer on its behalf, and the Master Servicer’s or Special Servicer’s liability is further
limited as set forth in the Servicing Agreement; which, for the avoidance of doubt, shall not reduce the obligation of such parties
to act in accordance with the Servicing Standard).

 

7.          Representations
of the Holders. (a)  Each Initial Note Holder hereby represents and warrants to, and covenants with, each other
Holder that, as of the date hereof:

 

(i)          It
is duly organized, validly existing and in good standing (x) in the case of Citi and DB-AG, under the laws of the jurisdiction
under which each is organized or (y) in the case of BANA, as a national banking association under the laws of the United States
of America.

 

(ii)         The
execution and delivery of this Agreement by such Holder, and performance of, and compliance with, the terms of this Agreement
by such Holder, will not violate its organizational documents 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 agreement or other instrument to
which it is a party or that is applicable to it or any of its assets, in each case which materially and adversely affect its ability
to carry out the transactions contemplated by this Agreement.

 

(iii)        Such
Holder 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.

 

    	 	- 22 -	 

     

    

 

(iv)        This
Agreement is the legal, valid and binding obligation of such Holder enforceable against such Holder in accordance with its terms,
except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting
the enforcement of creditors’ rights generally, and by general principles of equity (regardless of whether such enforceability
is considered in a proceeding in equity or at law), and except that the enforcement of rights with respect to indemnification
and contribution obligations may be limited by applicable law.

 

(v)         It
has the right to enter into this Agreement without the consent of any third party.

 

(vi)        It
is the holder of its respective Note for its own account in the ordinary course of its business.

 

(vii)       It
has not dealt with any broker, investment banker, agent or other person, that may be entitled to any commission or compensation
in connection with the consummation of any of the transactions contemplated hereby.

 

(viii)      It
is a Qualified Transferee.

 

8.          Independent
Analyses of each Holder. Each Holder acknowledges that, except for the representations made in Section 7,
it has, independently and without reliance upon any other Holder and based on such documents and information as such Holder has
deemed appropriate, made its own credit analysis and decision to purchase its respective Note. Each Holder hereby acknowledges
that no other Holder shall have any responsibility for (i) the collectability of the Mortgage Loan, (ii) the validity,
enforceability or legal effect of any of the Mortgage Loan Documents or the title insurance policy or policies or any survey furnished
or to be furnished in connection with the origination of the Mortgage Loan, (iii) the validity, sufficiency or effectiveness
of the lien created or to be created by the Mortgage Loan Documents, or (iv) the financial condition of the Borrower.

 

9.          No
Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant
hereto, shall be deemed to constitute between any Holder (or any servicer or trustee on its behalf) and any other Holder a partnership,
association, joint venture or other entity. Each Holder (or any servicer or trustee on its behalf) shall have no obligation whatsoever
to offer to any other Holder the opportunity to purchase notes or interests relating to any future loans originated by such Holder
or any of its Affiliates, and if any Holder chooses to offer to any other Holder, the opportunity to purchase notes or interests
in any future mortgage loans originated by such Holder or its Affiliates, such offer shall be at such purchase price and interest
rate as such Holder chooses, in its sole and absolute discretion. None of the Holders shall have any obligation whatsoever to
purchase from any other Holder any notes or interests in any future loans originated by any other Holder or any of its Affiliates.

 

    	 	- 23 -	 

     

    

 

10.          Not
a Security. None of the Notes shall be deemed to be a security within the meaning of the Securities Act of 1933 or the
Securities Exchange Act of 1934.

 

11.          Other
Business Activities of the Holders. Each Holder acknowledges that each other Holder may make loans or otherwise extend
credit to, and generally engage in any kind of business with, any Borrower Party, and receive payments on such other loans or
extensions of credit to any Borrower Party and otherwise act with respect thereto freely and without accountability, but only
if none of the foregoing violate the Mortgage Loan Documents, in the same manner as if this Agreement and the transactions contemplated
hereby were not in effect.

 

12.          Transfer
of Notes. (a)  Each Holder may Transfer up to 49% of its beneficial interest in its Note whether or not the
related transferee is a Qualified Transferee without a Rating Agency Confirmation. Each Holder shall not Transfer more than 49%
of its beneficial interest in its Note unless (i) prior to a Securitization of any Note, each other Holder has consented
to such Transfer, in which case the related transferee shall thereafter be deemed to be a “Qualified Transferee” for
all purposes under this Agreement, (ii) after a Securitization of any Note, a Rating Agency Confirmation has been received
with respect to such Transfer, in which case the related transferee shall thereafter be deemed to be a “Qualified Transferee”
for all purposes under this Agreement, or (iii) such Transfer is to a Qualified Transferee. Any such transferee must assume
in writing the obligations of the transferring Holder hereunder and agree to be bound by the terms and provisions of this Agreement
and the Servicing Agreement. Such proposed transferee (except in the case of Transfers that are made in connection with a Securitization)
shall also remake each of the representations and warranties contained herein for the benefit of the other Holder. Notwithstanding
the foregoing, without each non-transferring Holder’s prior consent (which will not be unreasonably withheld), and, if any
such non-transferring Holder’s Note is in a Securitization, without a Rating Agency Confirmation from each Rating Agency
that has been engaged by the applicable Depositor to rate the securities issued in connection with such Securitization, no Holder
shall Transfer all or any portion of its Note to any Borrower Party and any such Transfer shall be absolutely null and void and
shall vest no rights in the purported transferee.

 

(b)          Except
for a Transfer made in connection with a Securitization, or a Transfer made by an Initial Note Holder to an Affiliate, at least
five (5) days prior to a transfer of any Note, the transferring Holder shall provide to each other Holder and, if any Certificates
are outstanding, to the Rating Agencies, a certification that such transfer will be made in accordance with this Section 12,
such certification to include (1) the name and contact information of the transferee and (2) if applicable, a certification
by the transferee that it is a Qualified Transferee.

 

(c)          The
Holders acknowledge that any Rating Agency Confirmation may be granted or denied by the Rating Agencies in their sole and absolute
discretion and that such Rating Agencies may charge the transferring Holder customary fees in connection with providing such Rating
Agency Confirmation.

 

    	 	- 24 -	 

     

    

 

(d)          Notwithstanding
anything to the contrary contained herein, each Holder may pledge or transfer (a “Pledge”) its Note to any
entity (other than any Borrower Party) that has extended a credit facility to such Holder or has entered into a repurchase agreement
with such Holder and that, in each case, is either a Qualified Transferee or a financial institution whose long-term unsecured
debt is rated at least “A” (or the equivalent) or better by each Rating Agency (a “Note Pledgee”),
or to a Person with respect to which a Rating Agency Confirmation has been obtained, on terms and conditions set forth in this
Section 12(d), it being further agreed that a financing provided by a Note Pledgee to any Holder or any Affiliate
that controls such Holder that is secured by such Holder’s interest in its respective Note and is structured as a repurchase
arrangement, shall qualify as a “Pledge” hereunder on the condition that all applicable terms and conditions of this
Section 12 are complied with. A Note Pledgee that is not a Qualified Transferee may not take title to a Note without
a Rating Agency Confirmation. Upon written notice, if any, by the pledging Holder to each other Holder and the Master Servicer
that a Pledge has been effected (including the name and address of the applicable Note Pledgee), each other Holder agrees to acknowledge
receipt of such notice and thereafter agrees: (i) to give such Note Pledgee written notice of any default by the pledging
Holder in respect of its obligations under this Agreement of which default such Holder has actual knowledge and which notice shall
be given simultaneously with the giving of such notice to the pledging Holder; (ii) to allow such Note Pledgee a period of
ten (10) Business Days to cure a default by the pledging Holder in respect of its obligations to such other Holder hereunder,
but such Note Pledgee shall not be obligated to cure any such default; (iii) that no amendment, modification, waiver or termination
of this Agreement or the Servicing Agreement (if the pledging Holder had the right to consent to such amendment, modification,
waiver or termination pursuant to the terms hereof) shall be effective against such Note Pledgee without the written consent of
such Note Pledgee, which consent shall not be unreasonably withheld, conditioned or delayed and which consent shall be deemed
to be given if Note Pledgee shall fail to respond to any request for consent to any such amendment, modification, waiver or termination
within 10 days after request therefor; (iv) that each other Holder shall accept any cure by such Note Pledgee of any default
of the pledging Holder which such pledging Holder has the right to effect hereunder, as if such cure were made by such pledging
Holder; (v) that each other Holder or any Servicer shall deliver to Note Pledgee such estoppel certificate(s) as Note Pledgee
shall reasonably request, provided that any such certificate(s) shall be in a form reasonably satisfactory to such other
Holder; and (vi) that, upon written notice (a “Redirection Notice”) to the Master Servicer by such Note
Pledgee that the pledging Holder is in default beyond any applicable cure periods with respect to the pledging Holder’s
obligations to such Note Pledgee pursuant to the applicable credit agreement or other agreements relating to the Pledge between
the pledging Holder and such Note Pledgee (which notice need not be joined in or confirmed by the pledging Holder), and until
such Redirection Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee (or at any time that pledging Holder otherwise
directs that such payment be made to Note Pledgee pursuant to a separate notice) shall be entitled to receive any payments that
any Servicer would otherwise be obligated to make to the pledging Holder from time to time pursuant to this Agreement or any Servicing
Agreement. Any pledging Holder hereby unconditionally and absolutely releases each other Holder and any Servicer from any liability
to the pledging Holder on account of any Holder’s or Servicer’s compliance with any Redirection Notice believed by
any Servicer or other Holder in good faith to have been delivered by a Note Pledgee. Note Pledgee shall be permitted

 

    	 	- 25 -	 

     

    

 

to
exercise fully its rights and remedies against the pledging Holder (and accept an assignment in lieu of foreclosure as to such
collateral), in accordance with applicable law, the pledge agreement, repurchase agreement or similar agreement between the pledging
Holder and the Note Pledgee and this Agreement. In such event, or if the pledging holder otherwise assigns its interests to the
Note Pledgee, each other Holder and the Master Servicer shall recognize such Note Pledgee (and any transferee (other than any
Borrower Party) that is also a Qualified Transferee at any foreclosure or similar sale held by such Note Pledgee or any transfer
in lieu of foreclosure), and such Person’s successor and assigns, as the successor to the pledging Holder’s rights,
remedies and obligations under this Agreement, and any such Note Pledgee or Qualified Transferee shall assume in writing the obligations
of the pledging Holder hereunder accruing from and after such Transfer (i.e., realization upon the collateral by such Note
Pledgee) and agrees to be bound by the terms and provisions of this Agreement. The rights of a Note Pledgee under this Section 12(d)
shall remain effective as to any Holder (and any Servicer) unless and until such Note Pledgee shall have notified such Holder
(and any Servicer, as applicable) in writing that its interest in the pledged Note has terminated.

 

13.          Exercise
of Remedies by the Servicer. (a)  Subject to the terms of this Agreement and the Servicing Agreement and subject
to the rights and consents, where required, of the Directing Holder, the Servicer shall have the sole and exclusive authority
with respect to the administration of, and exercise of rights and remedies with respect to, the Mortgage Loan, including, without
limitation, the sole and exclusive authority to (i) modify or waive any of the terms of the Mortgage Loan Documents, (ii) consent
to any action or failure to act by the Borrower or any party to the Mortgage Loan Documents, (iii) vote all claims with respect
to the Mortgage Loan in any bankruptcy, insolvency or other similar proceedings and (iv) to take legal action to enforce
or protect each Holder’s interests with respect to the Mortgage Loan or to refrain from exercising any powers or rights
under the Mortgage Loan Documents, including the right at any time to call or waive any Events of Default, or accelerate or refrain
from accelerating the Mortgage Loan or institute any foreclosure action, and the Holders shall have no voting, consent or other
rights whatsoever with respect to the Servicer’s administration of, or exercise of its rights and remedies with respect
to, the Mortgage Loan. Subject to the terms and conditions of the Servicing Agreement, the Servicer shall have the sole and exclusive
authority to make Property Advances with respect to the Mortgage Loan. Except as otherwise provided in this Agreement, each Holder
agrees that it shall have no right to, and hereby presently and irrevocably assigns and conveys to the Servicer the rights, if
any, that such Holder has to (A) call or cause the Servicer to call an event of default under the Mortgage Loan, or (B) exercise
any remedies with respect to the Mortgage Loan or the Borrower, including, without limitation, filing or causing the Lead Note
Holder or such Servicer to file any bankruptcy petition against the Borrower. Each Holder shall, from time to time, execute such
documents as any Servicer shall reasonably require to evidence such assignment with respect to the rights described in clause (iii)
of the first sentence in this Section 13(a).

 

(b)          The
Lead Servicer and the Trustee for the Lead Securitization shall not have any fiduciary duty to any Non-Lead Note Holder in connection
with the administration of the Mortgage Loan (but the foregoing shall not relieve the Lead Servicer and such Trustee from

 

    	 	- 26 -	 

     

    

 

their
respective obligation under this Agreement and the Servicing Agreement to make any disbursement of funds as set forth herein).

 

(c)          The
Holders hereby acknowledge that the Servicing Agreement shall provide that, subject to the satisfaction of the conditions set
forth in the next sentence, upon the Mortgage Loan becoming a Defaulted Mortgage Loan, if the Special Servicer determines to sell
the Defaulted Mortgage Loan (or the Lead Note), it will be required to sell the entire Defaulted Mortgage Loan as a single whole
loan (i.e., both the Lead Note and the Non-Lead Notes). Any such sale of the entire Defaulted Mortgage Loan is subject to the
satisfaction of one of the following two conditions:

 

(i)          Each
Non-Lead Note Holder has provided written consent to such sale; or

 

(ii)          The
Special Servicer has delivered the following notices and information to each Non-Lead Note Holder:

 

(1)          at
least fifteen (15) Business Days prior written notice of any decision to attempt to sell the Defaulted Mortgage Loan;

 

(2)          at
least ten (10) days prior to the proposed sale date, a copy of each bid package (together with any amendments to such bid packages)
received by the Special Servicer in connection with any such proposed sale;

 

(3)          at
least ten (10) days prior to the proposed sale date, a copy of the most recent Appraisal for the Mortgage Loan, and any documents
in the Servicing File requested by such Non-Lead Note Holder; and

 

(4)          until
the sale is completed and a reasonable period of time (but no less time than is afforded to other offerors and the Directing Holder)
prior to the proposed sale date, all information and other documents being provided to other offerors and all leases or other
documents that are approved by the Master Servicer or the Special Servicer in connection with the proposed sale.

 

Each
Non-Lead Note Holder may waive any delivery or timing requirements set forth above only for itself. Subject to the foregoing,
each of the Lead Note Holder, the Directing Holder, each Non-Lead Note Holder and each Non-Directing Holder shall be permitted
to submit an offer at any sale of the Defaulted Mortgage Loan (unless such Person is a Borrower Party).

 

Subject
to the conditions set forth in this Section 13(c), each Non-Lead Note Holder hereby appoints the Lead Note Holder as its
agent, and grants to the Lead Note Holder an irrevocable power of attorney coupled with an interest, and its proxy, for the purpose
of soliciting and accepting offers for and consummating the sale of its Non-Lead Note. Subject to the conditions set forth in
this Section 13(c), each Non-Lead Note Holder further agrees that, upon the request of the Lead Note Holder, such Non-Lead
Note Holder shall execute and deliver

 

    	 	- 27 -	 

     

    

 

to
or at the direction of Lead Note Holder such powers of attorney or other instruments as the Lead Note Holder may reasonably request
to better assure and evidence the foregoing appointment and grant, in each case promptly following request, and shall deliver
its original Non-Lead Note, endorsed in blank, to or at the direction of the Lead Note Holder in connection with the consummation
of any such sale.

 

(d)          Notwithstanding
anything to the contrary contained herein, the exercise by the Servicer on behalf of the Holders of its rights under this Section 13 shall be subject in all respects to any section of the Servicing Agreement governing REMIC administration, and in no event
shall the Servicer be permitted to take any action or refrain from taking any action if taking or failing to take such action,
as the case may be, would violate the laws of any applicable jurisdiction, breach the Mortgage Loan Documents or be inconsistent
with the Servicing Standard or violate any other provisions of the Servicing Agreement or violate the REMIC provisions of the
Code or any regulations promulgated thereunder, including, without limitation, the provisions of Section 2(g) of this Agreement.

 

14.          Rights
of the Directing Holder. The Directing Holder shall be entitled to exercise the rights and powers granted to the Directing
Holder hereunder and the rights and powers granted to the “Directing Holder,” “Controlling Class Certificateholder,”
“Controlling Class Representative” or similar party under, and as defined in, the Servicing Agreement with respect
to the Mortgage Loan. In addition, the Directing Holder shall be entitled to advise (1) the Special Servicer with respect
to all matters related to a Specially Serviced Mortgage Loan and (2) the Special Servicer with respect to all matters for
which the Master Servicer must obtain the consent or deemed consent of the Special Servicer, and, except as set forth below (i) the
Master Servicer shall not be permitted to take any Major Decision unless it has obtained the prior written consent of the Special
Servicer and (ii) the Special Servicer shall not be permitted to consent to the Master Servicer’s taking any Major
Decision nor will the Special Servicer itself be permitted to take any Major Decision as to which the Directing Holder has objected
in writing within ten (10) Business Days (or thirty (30) days with respect to an Acceptable Insurance Default) after receipt of
the written recommendation and analysis and such additional information requested by the Directing Holder as may be necessary
in the reasonable judgment of the Directing Holder in order to make a judgment with respect to such Major Decision. The Directing
Holder may also direct the Special Servicer to take, or to refrain from taking, such other actions with respect to the Mortgage
Loan as the Directing Holder may deem advisable.

 

If
the Directing Holder fails to notify the Special Servicer of its approval or disapproval of any proposed Major Decision within
ten (10) Business Days (or thirty (30) days with respect to an Acceptable Insurance Default) after delivery to the Directing Holder
by the applicable Servicer of written notice of a proposed Major Decision, together with any information requested by the Directing
Holder as may be necessary in the reasonable judgment of the Directing Holder in order to make a judgment, then upon the expiration
of such ten (10) Business Day (or thirty (30) days with respect to an Acceptable Insurance Default) period, such Major Decision
shall be deemed to have been approved by the Directing Holder.

 

In
the event that the Special Servicer or Master Servicer (in the event the Master Servicer is otherwise authorized by the Servicing
Agreement to take such action), as applicable,

 

    	 	- 28 -	 

     

    

 

determines
that immediate action, with respect to the foregoing matters, or any other matter requiring consent of the Directing Holder is
necessary to protect the interests of the Holders (as a collective whole) and the Special Servicer has made a reasonable effort
to contact the Directing Holder, the Master Servicer or the Special Servicer, as the case may be, may take any such action without
waiting for the Directing Holder’s response.

 

No
objection, direction or advice contemplated by the preceding paragraphs may require or cause the Master Servicer or the Special
Servicer, as applicable, to violate any provision of the Mortgage Loan Documents, applicable law, the Servicing Agreement, this
Agreement, the REMIC provisions of the Code or the Master Servicer or Special Servicer’s obligation to act in accordance
with the Servicing Standard, or expose the Master Servicer, the Special Servicer, the Certificate Administrator, the Lead Securitization
Trust or the Trustee to liability, or materially expand the scope of the Master Servicer’s or the Special Servicer’s
responsibilities under the Servicing Agreement.

 

The
Directing Holder shall have no liability to any other Holder or any other Person for any action taken, or for refraining from
the taking of any action or the giving of any consent or the failure to give any consent pursuant to this Agreement or the Servicing
Agreement, or errors in judgment, absent any loss, liability or expense incurred by reason of its willful misfeasance, bad faith
or gross negligence. The Holders agree that the Directing Holder may take or refrain from taking actions, or give or refrain from
giving consents, that favor the interests of one Holder over any other Holder, and that the Directing Holder may have special
relationships and interests that conflict with the interests of any other Holder and, absent willful misfeasance, bad faith or
gross negligence on the part of the Directing Holder, agree to take no action against the Directing Holder or any of its officers,
directors, employees, principals or agents as a result of such special relationships or interests, and that the Directing Holder
will not be deemed to have been grossly negligent or reckless, or to have acted in bad faith or engaged in willful misfeasance
or to have recklessly disregarded any exercise of its rights by reason of its having acted or refrained from acting, or having
given any consent or having failed to give any consent, solely in the interests of any Holder.

 

15.          Appointment
of Special Servicer. Subject to the terms of the Lead Securitization Servicing Agreement for so long as the Lead Note
is included in the Lead Securitization, the Directing Holder shall have the right at any time and from time to time, with or without
cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint a Qualified Servicer as the replacement
Special Servicer in lieu thereof. The Directing Holder shall designate a Person to serve as Special Servicer by delivering to
each other Holder and the parties to each PSA a written notice stating such designation and by satisfying the other conditions
required under the Servicing Agreement (including, without limitation, a Rating Agency Confirmation, if required by the terms
of the Servicing Agreement), if any.

 

16.          Rights
of the Non-Directing Holder. (a)  The Lead Securitization Servicing Agreement shall provide that the Servicer
shall be required:

 

    	 	- 29 -	 

     

    

 

(i)          to
provide copies of any notice, information and report that it is required to provide to the Directing Holder pursuant to the Servicing
Agreement with respect to any Major Decisions or the implementation of any recommended actions outlined in an Asset Status Report
relating to the Mortgage Loan to each Non-Directing Holder, within the same time frame it is required to provide to such Directing
Holder (but without regard to whether or not the Directing Holder has lost any rights to receive such information as a result
of a Consultation Termination Event); and

 

(ii)          to
consult with any Non-Directing Holder on a strictly non-binding basis, if, having received such notices, information and reports,
such Non-Directing Holder requests consultation with respect to any such Major Decision or the implementation of any recommended
actions outlined in an Asset Status Report relating to the Mortgage Loan, and consider alternative actions recommended by such
Non-Directing Holder; provided that after the expiration of a period of ten (10) Business Days (or in connection with an Acceptable
Insurance Default, thirty (30) days) from the delivery to such Non-Directing Holder of written notice of a proposed action, together
with copies of the notices, information and reports required to be provided to, or requested by, the Directing Holder, the Servicer
shall no longer be obligated to consult with such Non-Directing Holder (unless the Servicer proposes a new course of action that
is materially different from the action previously proposed, in which case such ten (10) Business Day period (or in connection
with an Acceptable Insurance Default, thirty (30) day period) shall be begin anew from the date of such proposal and delivery
of all information relating thereto).

 

(b)          Notwithstanding
the foregoing non-binding consultation rights of each Non-Directing Holder, the Servicer may take any Major Decision or any action
set forth in the Asset Status Report before the expiration of the aforementioned ten (10) Business Day period (or thirty (30)
day period with respect to an Acceptable Insurance Default) if the Servicer determines, in accordance with the Servicing Standard,
that immediate action with respect thereto is necessary to protect the interests of the Holders.

 

(c)          In
addition to the foregoing non-binding consultation rights, each Non-Directing Holder shall have the right to annual conference
calls with the Master Servicer or the Special Servicer upon reasonable notice and at times reasonably acceptable to the Master
Servicer or the Special Servicer, as applicable, in which servicing issues related to the Mortgage Loan are discussed.

 

(d)          In
no event shall the Servicer be obligated at any time to follow or take any alternative actions recommended by any Non-Directing
Holder.

 

(e)          If
a Non-Directing Holder is a Borrower Party, it shall not be entitled to any of the rights set forth in this Section 16.

 

17.          Advances;
Reimbursement of Advances. (a) (i) Pursuant to terms of the Servicing Agreement, the Lead Servicer and/or the
Trustee shall be obligated (subject to customary determinations of non-recoverability) to make (1) Property Advances with
respect to the Mortgage Loan or the Mortgaged Property and (2) P&I Advances with respect to the Lead

 

    	 	- 30 -	 

     

    

 

Note
(and any other Note(s) included in the Lead Securitization) and (ii) pursuant to the terms of each Non-Lead Securitization
Servicing Agreement, the related Non-Lead Master Servicer and/or the related Non-Lead Trustee may be obligated to make P&I
Advances with respect to the related Non-Lead Note(s). The Lead Servicer and/or the Trustee will not be required to make any P&I
Advance with respect to any Non-Lead Note (other than a Non-Lead Note that is also included in the Lead Securitization) and no
Non-Lead Master Servicer or Non-Lead Trustee will be required to make any P&I Advance with respect to the Lead Note, any other
Non-Lead Note (other than another Non-Lead Note that is also included in the same Non-Lead Securitization) or any Property Advance.
The Lead Servicer, each Non-Lead Master Servicer, the Trustee and each Non-Lead Trustee will be entitled to interest on any Advance
(at a rate not to exceed the Prime Rate) made in the manner and from the sources provided in the Note A-1 PSA, the Note A-2
PSA, the Note A-3 PSA, the Note A-4 PSA, the Note A-5 PSA and the Note A-6 PSA, as applicable.

 

(b)          The
Lead Servicer and the Trustee, as applicable, will be entitled to reimbursement for a Property Advance, first from the
Collection Account established with respect to the Mortgage Loan, and then, if such Property Advance is a Nonrecoverable
Advance, if such funds on deposit in the Collection Account are insufficient, from general collections of the Lead Securitization
as provided in the Servicing Agreement.

 

(c)          To
the extent amounts on deposit in the Collection Account with respect to the Mortgage Loan are insufficient to reimburse the Lead
Servicer or the Trustee, as applicable, for any Property Advance and/or interest thereon and the Lead Servicer or the Trustee,
as applicable, obtains funds from general collections of the Lead Securitization as a reimbursement for such Property Advance
or interest thereon, each Non-Lead Note Holder (including any Securitization into which a Non-Lead Note is deposited) shall be
required to, promptly following notice from the Lead Servicer, pay to the Lead Securitization for its Pro Rata and Pari Passu
Basis share of such Property Advance and/or interest thereon at the Reimbursement Rate so reimbursed from general collections
(to the extent amounts on deposit in the Collection Account are insufficient for reimbursement of such amounts). In addition,
each Non-Lead Note Holder (including any Securitization into which a Non-Lead Note is deposited) shall promptly reimburse the
Lead Servicer or the related Trustee for such Non-Lead Note Holder’s Pro Rata and Pari Passu Basis share of any fees, costs
or expenses incurred in connection with the servicing and administration of the Mortgage Loan as to which the Lead Securitization
or any of the parties thereto are entitled to be reimbursed pursuant to the terms of the Servicing Agreement (to the extent amounts
on deposit in the Collection Account are insufficient for reimbursement of such amounts).

 

(d)          The
parties to each of the Note A-1 PSA, the Note A-2 PSA, the Note A-3 PSA, the Note A-4 PSA, the Note A-5 PSA and the Note A-6 PSA
shall each be entitled to make their own recoverability determination with respect to a P&I Advance based on the information
that they have on hand and in accordance with the Note A-1 PSA, the Note A-2 PSA, the Note A-3 PSA, the Note A-4 PSA, the Note
A-5 PSA and the Note A-6 PSA, as applicable.

 

(e)          If
the Lead Servicer or the Trustee elects to defer the reimbursement of a Property Advance in accordance with the terms of the Servicing
Agreement, the Lead Servicer or

 

    	 	- 31 -	 

     

    

 

the
Trustee shall also defer its reimbursement of each Non-Lead Note share from the applicable Non-Lead Note Holder.

 

18.          Provisions
Relating to Securitization. (a)  For so long as any Initial Note Holder is the owner of its related Note (for purposes
of this Section 18(a), the “Subject Note”, then such Initial Note Holder shall have the right, subject to the
terms of the Mortgage Loan Documents, to cause the Borrower to execute amended and restated notes or additional notes (“New
Notes”) reallocating the principal of the Subject Note among the New Notes; reducing the Mortgage Interest Rates of
such New Notes or severing the Subject Note into one or more further “component” notes in the aggregate principal
amount equal to the then outstanding principal balance of the Subject Note, provided that (i) the aggregate principal
balance of the New Notes following such amendments is no greater than the principal balance of the Subject Note prior to such
amendments, (ii) all New Notes continue to have the same or a lower interest rate as the Subject Note prior to such amendments,
(iii) all New Notes pay pro rata and on a pari passu basis and such reallocated or component notes shall be
automatically subject to the terms of this Agreement and (iv) the Initial Note Holder holding the New Notes shall notify
the other Note Holders (or, if any such other Note shall have included in a Securitization, then it shall notify the parties to
the PSA governing such other Note) in writing of such modified allocations and principal amounts. In connection with the foregoing,
(1) the Master Servicer is hereby authorized to execute amendments to the Loan Agreement and this Agreement (or to amend and restate
the Loan Agreement and this Agreement) on behalf of any or all of the Holders solely for the purpose of reflecting such reallocation
of principal, any reduction of Mortgage Interest Rates or such severing of the Subject Note, (2) if the Subject Note is severed
into “component” notes, such component notes shall each have their same rights as the Subject Note and (3) the definition
of the term “Securitization” and all of the related defined terms may be amended (and new terms added, as necessary)
to reflect the New Notes. Rating Agency Confirmation shall not be required for any amendments to this Agreement required to facilitate
the terms of this Section 18(a).

 

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

 

(i)          the
Master Servicer or Trustee shall be required to provide written notice to each Non-Lead Master Servicer and each Non-Lead Trustee
of any P&I Advance it has made with respect to the Lead Note within two (2) Business Days of making such advance;

 

(ii)          if
the Master Servicer determines that a proposed P&I Advance with respect to the Lead Note or Property Advance with respect
to the Mortgage Loan, if made, or any outstanding P&I Advance or Property Advance previously made, would be, or is, as applicable,
a Nonrecoverable Advance, the Master Servicer shall provide each Non-Lead Master Servicer written notice of such determination
promptly after such determination was made together with such reports that the Master Servicer delivered to

 

    	 	- 32 -	 

     

    

 

the
Special Servicer or Trustee in connection with notification of its determination of nonrecoverability;

 

(iii)         the
Master Servicer shall remit all payments received with respect to each Non-Lead Note, net of the Servicing Fees payable to the
Master Servicer and Special Servicer with respect to each Non-Lead Note, and any other applicable fees and reimbursements payable
to the Master Servicer, the Special Servicer and the Trustee, to each Non-Lead Note Holder by the Master Servicer Remittance Date
for such Non-Lead Note;

 

(iv)        with
respect to each Non-Lead Note that is held by a Securitization, the Master Servicer agrees to deliver or cause to be delivered
or to make available to the related Non-Lead Master Servicer all reports required to be delivered by the Master Servicer to the
Certificate Administrator under the Lead Securitization Servicing Agreement (which shall include all loan-level reports constituting
the CREFC® Investor Reporting Package (IRP)) pursuant to the terms of the Lead Securitization Servicing Agreement to the extent
related to the Mortgage Loan, the Mortgaged Property, such Non-Lead Note, the Master Servicer, the Special Servicer, the Certificate
Administrator or the Trustee by the Master Servicer Remittance Date for such Non-Lead Note;

 

(v)         the
Master Servicer and Special Servicer, as applicable, shall provide (or the Special Servicer shall provide to the Master Servicer
for provision by the Master Servicer) (in electronic media) to each Non-Lead Note Holder all documents, certificates, instruments,
notices, reports, operating statements, rent rolls and other information regarding the Mortgage Loan provided by it to any other
party to the Lead Securitization Servicing Agreement at the time provided to such other party;

 

(vi)        the
servicing duties of each of the Master Servicer and Special Servicer under the Lead Securitization Servicing Agreement shall include
the duty to service the Mortgage Loan and all of the Notes on behalf of the Holders (including the respective trustees and certificateholders)
in accordance with the terms and provisions of this Agreement, the Lead Securitization Servicing Agreement and the Servicing Standard;

 

(vii)       each
Non-Lead Note Holder shall be entitled to the same indemnity as the Lead Note Holder under the Lead Securitization Servicing Agreement;
each of the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor, any primary
servicer and the Custodian shall be required to (and shall require any Servicing Function Participant or Additional Servicer engaged
by it to) indemnify each “certification party” and the depositor of any public Securitization Trust, and their respective
directors and officers and controlling persons, to the same extent that they indemnify the Depositor (as depositor in respect
of the Lead Securitization) and each “certifying party” for (i) its failure to deliver the items in clause (viii)
below in a timely manner, (ii) its failure to perform its obligations to such depositor or any Non-Lead Trustee under Article
X (or any article substantially similar thereto) of the Lead Securitization Servicing Agreement by the time required after giving
effect to any applicable grace period or cure period, (iii) the failure of any Servicing Function

 

    	 	- 33 -	 

     

    

 

Participant
or Additional Servicer retained by it (other than a Mortgage Loan Seller Sub-Servicer) to perform its obligations to such depositor
or trustee under such Article X (or any article substantially similar thereto) of the Lead Securitization Servicing Agreement
by the time required and/or (iv) any Deficient Exchange Act Deliverable regarding, and delivered by or on behalf of, such party;

 

(viii)      with
respect to each Non-Lead Securitization that is subject to reporting requirements under the Securities Act, the Exchange Act (including
Rule 15Ga-1), and Regulation AB, (a) the Master Servicer, any primary servicer, the Special Servicer, the Trustee, the Certificate
Administrator or other party acting as custodian for the Lead Securitization shall be required to deliver (and shall be required
to cause each other servicer and servicing function participant (within the meaning of Items 1123 and 1122, respectively, of Regulation
AB) retained or engaged by it to deliver; provided that such party shall only be required to use commercially reasonable efforts
to cause a Mortgage Loan Seller Sub-Servicer to deliver), in a timely manner (i) the reports, certifications, compliance statements,
accountants’ assessments and attestations, and information to be included in reports (including, without limitation, Form
ABS-15G, Form 10-K, Form 10-D and Form 8-K), and (ii) upon request, any other materials specified in any Non-Lead Securitization
Servicing Agreement, in the case of clauses (i) and (ii), as the related Non-Lead Depositor or the related Non-Lead Trustee reasonably
believes, in good faith, are required in order for such Non-Lead Depositor or such Non-Lead Trustee to comply with (1) its obligations
under the Securities Act, the Exchange Act (including Rule 15Ga-1), Regulation AB and Form SF-3 and (2) any applicable comment
letter from the United States Securities and Exchange Commission (the “Commission”) or its obligations with
respect to any Deficient Exchange Act Deliverables, (b) without limiting the generality of the foregoing (x) the applicable Depositor
for the Lead Securitization or the related Holder shall provide or cause to be provided to each Non-Lead Depositor and each Non-Lead
Trustee (1) written notice (which may be by e-mail) in a timely manner (but no later than three (3) Business Days prior to closing)
of the occurrence of such Securitization, and (2) no later than one (1) business day following the closing date of such Securitization,
a copy of the Lead Securitization Servicing Agreement in an EDGAR-compatible format, and (y) the Master Servicer and Special Servicer
(or any replacement Master Servicer or Special Servicer, as applicable) shall, upon reasonable prior written request, and subject
to the right of the Master Servicer or the Special Servicer, as the case may be, to review and approve such disclosure materials,
permit a holder of a Non-Lead Note to use such party’s description contained in the Lead Securitization prospectus (updated
as appropriate by the Master Servicer or Special Servicer, as applicable, at the cost of the applicable Non-Lead Sponsor) or a
Lead Securitization Form 8-K, for inclusion in the disclosure materials or a Form 8-K relating to any securitization of a Non-Lead
Note, and (z) the Master Servicer and the Special Servicer (or any replacement Master Servicer or Special Servicer, as applicable),
shall provide indemnification agreements, opinions and Regulation AB compliance letters as were or are being delivered with respect
to the Lead Securitization (in each case, at the cost of the applicable Non-Lead Sponsor), and (c) in connection with any amendment
of the Lead Securitization Servicing Agreement, the party requesting such amendment shall provide written notice (which may be
by e-mail) of such proposed amendment to each Non-Lead

 

    	 	- 34 -	 

     

    

 

Depositor
and each Non-Lead Trustee no later than three (3) Business Days prior to the date of effectiveness of such amendment, and, on
the date of effectiveness of such amendment to the Lead Securitization Servicing Agreement, provide a copy of such amendment in
an EDGAR-compatible format to each Non-Lead Depositor and each Non-Lead Trustee. The Master Servicer and the Special Servicer
shall each be required to provide certification and indemnification to any “certifying party” with respect to any
applicable Sarbanes-Oxley Certification with respect to each Non-Lead Securitization;

 

(ix)       
each of the Master Servicer, the Special Servicer, the Custodian and the Trustee and each Affected Reporting Party shall cooperate
(and require each Servicing Function Participant and Additional Servicer retained by it to cooperate under the applicable Sub-Servicing
Agreement), with each Non-Lead Depositor (including, without limitation, providing all due diligence information, reports, written
responses, negotiations and coordination) to the same extent as such party is required to cooperate with the Lead Depositor under
Article X (or any article substantially similar thereto) of the Lead Securitization Servicing Agreement and in connection with
Deficient Exchange Act Deliverables. All respective reasonable out-of-pocket costs and expenses incurred by any Non-Lead Depositor
(including reasonable legal fees and expenses of outside counsel to such depositor) in connection with the foregoing (other than
those costs and expenses related to participation by such Non-Lead Depositor in any telephone conferences and meetings with the
Commission and other costs such Non-Lead Depositor must bear pursuant to Article X (or any article substantially similar thereto)
of the Lead Securitization Servicing Agreement) and any amendments to any reports filed with the Commission therewith shall be
promptly paid by the applicable Affected Reporting Party upon receipt of an itemized invoice from such Non-Lead Depositor;

 

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

 

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

 

(xii)        each
Non-Lead Master Servicer and each Non-Lead Special Servicer shall each be a third-party beneficiary of the Lead Securitization
Servicing Agreement with respect to all provisions therein expressly relating to compensation, reimbursement or indemnification
of such Non-Lead Master Servicer or such Non-Lead Special Servicer, as the case may be, and the provisions regarding coordination
of Advances;

 

    	 	- 35 -	 

     

    

 

(xiii)       if
the Mortgage Loan becomes a Defaulted Mortgage Loan and the Special Servicer determines to sell the Lead Note in accordance with
the Lead Securitization Servicing Agreement, it shall have the right and the obligation to sell all of the Notes as notes evidencing
one whole loan in accordance with the terms of the Lead Securitization Servicing Agreement. In connection with any such sale,
the Special Servicer shall provide notice to each Non-Lead Note Holder;

 

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

 

(xv)       to
the extent related to the Mortgage Loan, the Master Servicer or the Special Servicer, Rating Agency Confirmation shall be provided
with respect to the Certificates issued in connection with any Non-Lead Securitization to the same extent a Rating Agency Confirmation
is provided with respect to the Certificates issued in connection with the Lead Securitization;

 

(xvi)       Servicer
Termination Events with respect to the Master Servicer and the Special Servicer shall include (i) solely with respect to the Master
Servicer, the failure to timely remit payments to any Non-Lead Note Holder, which failure continues unremedied for one (1) Business
Day following the date on which such payment was to be made; (ii) solely with respect to the Special Servicer, the failure to
deposit into any REO Account any amount required to be so deposited within two (2) Business Days after the date such deposit was
to be made, or the failure to remit to the Master Servicer for deposit into the Collection Account or the related Loan Combination
Custodial Account, as applicable, any amount required to be so remitted by the Special Servicer within one (1) Business Day after
the date such remittance was to be made; (iii) the qualification, downgrade or withdrawal, or placing on “watch status”
in contemplation of a rating downgrade or withdrawal of the ratings of any class of certificates issued in connection with any
Non-Lead Securitization by the rating agencies rating such securities (and such qualification, downgrade, withdrawal or “watch
status” placement shall not have been withdrawn by such rating agencies within sixty (60) days of actual knowledge of such
event by the Master Servicer or the Special Servicer, as the case may be), and publicly citing servicing concerns with the Master
Servicer or Special Servicer, as applicable, as the sole or a material factor in such rating action; and (iv) the failure to provide
to any Non-Lead Note Holder (if and to the extent required under the related Non-Lead Securitization) reports required under the
Exchange Act, and the rules and regulations thereunder, in a timely fashion. Upon the occurrence of such a Servicer Termination
Event with respect to the Master Servicer affecting a Non-Lead Note Holder and the Master Servicer is not otherwise terminated
pursuant to the Lead Securitization Servicing Agreement, the Master Servicer or the Trustee shall, upon the direction of such
Non-Lead Note Holder, require the appointment of a subservicer with respect to such Non-Lead Note. Upon the occurrence of a Servicer
Termination Event with respect to the Special Servicer affecting a Non-Lead Note Holder and the Special Servicer is not otherwise
terminated pursuant to the Lead Securitization Servicing Agreement, the Trustee shall,

 

    	 	- 36 -	 

     

    

 

upon
direction of such Non-Lead Note Holder, terminate the Special Servicer with respect to, but only with respect to, the Mortgage
Loan;

 

(xvii)     upon
any resignation of the Master Servicer or the Special Servicer, any replacement of the Special Servicer, any termination of the
Master Servicer or Special Servicer and/or any replacement thereof, any appointment of a successor to the Master Servicer or Special
Servicer, or the effectiveness of any designation of a new Special Servicer, the Trustee or Certificate Administrator shall promptly
(and in any event no later than three (3) Business Days prior to the effective date of such resignation, termination, replacement
and/or appointment of a Master Servicer or Special Servicer) provide written notice thereof to each Non-Lead Certificate Administrator,
Trustee, each Non-Lead Master Servicer and each Non-Lead Depositor, together with any information reasonably required (including,
without limitation, any disclosure required under Item 1108 of Regulation AB) for the related Non-Lead Securitization to comply
with any applicable reporting obligations under the Exchange Act; provided, that such notice shall not be deemed to be provided
unless receipt thereof has been confirmed in writing (which may be by e-mail) from such Non-Lead Depositor;

 

(xviii)     if
any Non-Lead Note becomes the subject of an Asset Review pursuant to the related Non-Lead Securitization Servicing Agreement,
the Master Servicer, the Special Servicer, the Trustee and the Custodian shall reasonably cooperate with the related Non-Lead
Asset Representations Reviewer in connection with such Asset Review by providing such Non-Lead Asset Representations Reviewer
with any documents reasonably requested by such Non-Lead Asset Representations Reviewer, but only to the extent (x) such documents
are in the possession of the Master Servicer, the Special Servicer, the Trustee or the Custodian, as the case may be, and (y)
such Non-Lead Asset Representations Reviewer has not been able to obtain such documents from the related mortgage loan seller;
and

 

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

 

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

 

(i)          such
Non-Lead Note Holder shall be responsible for its Pro Rata and Pari Passu Basis share of any Property Advances (and advance interest
thereon) and any Additional Trust Fund Expenses, but only to the extent that they relate to servicing and administration of the
Notes and the Mortgaged Property, including without limitation, any unpaid Special Servicing Fees, liquidation fees and workout
fees relating to the

 

    	 	- 37 -	 

     

    

 

Notes,
and that in the event that the funds received with respect to each respective Note are insufficient to cover such Property Advances
or Additional Trust Fund Expenses, (A) the applicable Non-Lead Master Servicer will be required to, promptly following notice
from the Master Servicer or the Special Servicer, pay or reimburse the Master Servicer, the Special Servicer, the Certificate
Administrator, the Trustee or the Lead Securitization Trust (such parties and the Lead Securitization Trust, collectively, the
“Indemnified Parties”), as applicable, out of general funds in the collection account (or equivalent account)
established under such Non-Lead Securitization Servicing Agreement for such Non-Lead Note Holder’s Pro Rata and Pari Passu
Basis share of any such Nonrecoverable Property Advances (together with advance interest thereon) and/or Additional Trust Fund
Expenses (including compensation due to the Master Servicer and the Special Servicer to the extent related to the servicing and
administration of the Mortgage Loan and the Mortgaged Property), and (B) if the Lead Securitization Servicing Agreement permits
the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee to reimburse itself from the Lead Securitization
Trust’s general account, then the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee, as
applicable, may do so, and such Non-Lead Master Servicer will be required to, promptly following notice from the Master Servicer,
the Special Servicer or the Trustee, reimburse the Lead Securitization Trust out of general funds in the collection account (or
equivalent account) established under such Non-Lead Securitization Servicing Agreement for such Non-Lead Note Holder’s Pro
Rata and Pari Passu Basis share of any such Nonrecoverable Property Advances (together with advance interest thereon) and/or Additional
Trust Fund Expenses (including compensation due to the Master Servicer and the Special Servicer to the extent related to the servicing
and administration of the Mortgage Loan and the Mortgaged Property);

 

(ii)         each
of the Indemnified Parties shall be indemnified (as and to the same extent the Lead Securitization Trust is required to indemnify
each of such Indemnified Parties pursuant to the terms of the Lead Securitization Servicing Agreement and, in the case of the
Lead Securitization Trust, to the extent of any Additional Trust Fund Expenses with respect to the Mortgage Loan) by the related
Non-Lead Securitization Trust, against any claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments
and any other costs, liabilities, fees and expenses incurred in connection with the servicing and administration of the Mortgage
Loan and the Mortgaged Property (or, with respect to the Operating Advisor, incurred in connection with the provision of services
for the Mortgage Loan) under the Lead Securitization Servicing Agreement (collectively, the “Indemnified Items”)
to the extent of its Pro Rata and Pari Passu Basis share of such Indemnified Items, and to the extent amounts on deposit in the
Loan Combination Custodial Account that are allocated to such Non-Lead Note are insufficient for reimbursement of such amounts,
such Non-Lead Master Servicer will be required to reimburse each of the applicable Indemnified Parties for such Non-Lead Note’s
Pro Rata and Pari Passu Basis share of the insufficiency out of general funds in the collection account (or equivalent account)
established under such Non-Lead Securitization Servicing Agreement;

 

    	 	- 38 -	 

     

    

 

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

 

(iv)        any
matter affecting the servicing and administration of the Mortgage Loan that requires delivery of a Rating Agency Confirmation
pursuant to the Lead Securitization Servicing Agreement shall also require delivery of a Rating Agency Confirmation under the
related Non-Lead Securitization Servicing Agreement; and

 

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

 

(d)         Each
Initial Note Holder shall:

 

(A)
give each other Holder and the parties to any previously executed Securitization Servicing Agreement (provided that such
Securitization Servicing Agreement has been delivered to such Initial Note Holder) notice of any impending Securitization of
such Holder’s Note in writing (which may be by e-mail) within three (3) Business Days after the printing of the
preliminary prospectus for such Securitization, together with contact information for each of the parties to the related
proposed Securitization Servicing Agreement; and

 

(B)
send to each other Holder and the parties to any Non-Lead Securitization Servicing Agreement (that are not also party to the
Lead Securitization Servicing Agreement) (x) on any Lead Securitization Date, a copy (in EDGAR-compatible format) of the
execution version of the Lead Securitization Servicing Agreement, (y) within (1) one Business Day after the date of any
re-filing by the Depositor of the Lead Securitization Servicing Agreement with the Commission to account for any changes
thereto (other than a formal amendment thereto following the Lead Securitization Date), a copy (in EDGAR-compatible format)
of the re-filed Lead Securitization Servicing Agreement, and (z) promptly following distribution thereof to the parties to
the Lead Securitization Servicing Agreement, any changes made by the applicable Depositor to the Lead Securitization
Servicing Agreement (other than a formal amendment thereto following the Lead Securitization Date).

 

    	 	- 39 -	 

     

    

 

19.          Governing
Law; Waiver of Jury Trial. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT,
THE RELATIONSHIP OF THE PARTIES TO THIS AGREEMENT, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND DUTIES OF THE PARTIES
TO THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS OF THE STATE OF NEW YORK,
WITHOUT REGARD TO THE CHOICE OF LAW RULES THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). EACH OF
THE PARTIES HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING
TO THIS AGREEMENT.

 

20.          Modifications. This
Agreement shall not be modified, cancelled or terminated except by an instrument in writing signed by the parties hereto. Additionally,
from and after a Securitization, except to cure any ambiguity or to correct any error or as set forth in Section 18(a), this Agreement
may not be modified unless a Rating Agency Confirmation has been delivered with respect to each Securitization.

 

21.          Successors
and Assigns; Third Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon the parties
hereto and their respective successors and assigns. Each of the Master Servicer, each Non-Lead Master Servicer, the Trustee and
each Non-Lead Trustee is an intended third-party beneficiary of this Agreement. Except as provided in Section 5 and
the preceding sentence, none of the provisions of this Agreement shall be for the benefit of or enforceable by any Person not
a party hereto.

 

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

 

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

 

24.          Notices. All
notices required hereunder shall be given by (i) telephone (confirmed in writing) or shall be in writing and personally delivered,
(ii) sent by facsimile transmission if the sender on the same day sends a confirming copy of such notice by reputable overnight
delivery service (charges prepaid), (iii) reputable overnight delivery service (charges prepaid) or (iv) certified United
States mail, postage prepaid return receipt requested, and addressed to the respective parties at their addresses set forth on
Exhibit B hereto, or at such other address as any party shall hereafter inform the other party by written notice given
as aforesaid. All written notices so given shall be deemed effective upon receipt.

 

    	 	- 40 -	 

     

    

 

25.          Custody
of Mortgage Loan Documents/Mortgagee of Record. Each of the Notes shall be held by its respective Note Holder or a duly
appointed custodian of such Note Holder. Prior to the First Securitization Date, the originals of all of the Mortgage Loan Documents
(other than the Notes) shall be held by Wells Fargo Bank, National Association, as interim custodian. If the First Securitization
includes Note A-1, then on and after the First Securitization Date, the originals of all of the Mortgage Loan Documents (other
than the Notes) shall be transferred to and held in the name of the trustee (and held by a duly appointed custodian therefor)
under the PSA for such First Securitization, on behalf of the registered holders of the Notes. If the First Securitization does
not include Note A-1, then (a) on and after the First Securitization Date but prior to the Securitization Date for Note A-1, the
originals of all of the Mortgage Loan Documents (other than the Notes) shall be held in the name of the trustee (and held by a
duly appointed custodian therefor) under the PSA for such First Securitization, on behalf of the registered holders of the Notes;
and (b) on and after the Securitization Date for Note A-1, the originals of all of the Mortgage Loan Documents (other than the
Notes) shall be transferred to and held in the name of the trustee (and held by a duly appointed custodian therefor) under the
PSA for such Securitization of Note A-1, on behalf of the registered holders of the Notes. If the First Securitization includes
Note A-1, then the Trustee of such First Securitization shall at all times be the mortgagee of record with respect to the Mortgage
Loan. If the First Securitization does not include Note A-1, then the Trustee of such First Securitization shall be the mortgagee
of record to the extent that the applicable Mortgage Loan Documents have been recorded in the name of such Trustee pursuant to
the terms of the PSA for such First Securitization.

 

[NO
FURTHER TEXT ON THIS PAGE]

 

    	 	- 41 -	 

     

    

 

 

IN
WITNESS WHEREOF, each Holder of a Note has caused this Agreement to be duly executed as of the day and year first above written.

 

	 	Note A-1 Holder and Note A-4 Holder:
	 	 
	 	CITI REAL ESTATE FUNDING
    INC.
	 	 	 
	 	By: 	/s/ Ana Rosu Marmann
	 	 	Name:  Ana Rosu Marmann
	 	 	Title:    Authorized Signatory

 

	 	Note A-2 Holder and Note A-5 Holder:
	 	 
	 	BANK OF AMERICA, N.A.
	 	 	 
	 	By: 	/s/ Steven Wasser
	 	 	Name:  Steven Wasser
	 	 	Title:    Managing Director

 

	 	Note A-3 Holder and Note A-6 Holder:
	 	 
	 	DEUTSCHE BANK AG, NEW
    YORK BRANCH
	 	 	 
	 	By: 	/s/ Natalie D. Grainger
	 	 	Name:  Natalie D. Grainger
	 	 	Title:    Director
	 	 	 
	 	By: 	/s/ Matt Smith
	 	 	Name:  Matt Smith
	 	 	Title:    Director

 

Signature
Page

Key Center Co-Lender Agreement

 

    

     

    

 

EXHIBIT
A

 

MORTGAGE
LOAN SCHEDULE

 

A.       Description
of Mortgage Loan

 

	Borrower:	127
    PS Fee Owner LLC
	Mortgage
    Loan Origination Date:  	January
    31, 2017
	Initial
    Principal Amount of Mortgage Loan:	$220,000,000.00
	Co-Lender
    Closing Date Mortgage Loan Principal Balance:	$220,000,000.00
	Location
    of Mortgaged Property:	127
    Public Square, Cleveland, OH 44114
	Current
    Use of Mortgaged Property:	Mixed
    Use
	Mortgage
    Interest Rate:	Note A-1:            5.31%

        Note A-2:             5.31%

        Note A-3:             5.31%

        Note A-4:
                     5.31%

        Note A-5:
                     5.31%

        Note A-6:
                     5.31%

	Maturity
    Date:	February
    6, 2027

 

    A-1

     

    

 

B.       Description
of Notes

 

	Mortgage
    Loan Origination Date:	January
    31, 2017
	Initial
    Note A-1 Principal Balance:	$50,000,000
	Initial
    Note A-2 Principal Balance:	$40,000,000
	Initial
    Note A-3 Principal Balance:	$40,000,000
	Initial
    Note A-4 Principal Balance:	$30,000,000
	Initial
    Note A-5 Principal Balance:	$40,000,000
	Initial
    Note A-6 Principal Balance:	$20,000,000
	Initial
    Note A-1 Percentage Interest:	22.7273%
	Initial
    Note A-2 Percentage Interest:	18.1818%
	Initial
    Note A-3 Percentage Interest:	18.1818%
	Initial
    Note A-4 Percentage Interest:	13.6364%
	Initial
    Note A-5 Percentage Interest:	18.1818%
	Initial
    Note A-6 Percentage Interest:	9.0909%
	Note A-1
    Interest Rate:	5.31%
	Note A-2
    Interest Rate:	5.31%
	Note A-3
    Interest Rate:	5.31%
	Note A-4
    Interest Rate:	5.31%
	Note A-5
    Interest Rate:	5.31%
	Note A-6
    Interest Rate:	5.31%
	Note A-1
    Default Interest Rate:	Lesser
    of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-1 Interest Rate
	Note A-2
    Default Interest Rate:  	Lesser
    of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-2 Interest Rate
	Note A-3
    Default Interest Rate:  	Lesser
    of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-3 Interest Rate
	Note A-4
    Default Interest Rate:	Lesser
    of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-4 Interest Rate
	Note A-5
    Default Interest Rate:  	Lesser
    of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-5 Interest Rate
	Note A-6
    Default Interest Rate:  	Lesser
    of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-6 Interest Rate

 

    A-2

     

    

 

EXHIBIT
B

 

Note A-1 Holder
and Note A-4 Holder:

 

Citi
Real Estate Funding Inc.

390 Greenwich Street

7th Floor

New York, New York 10013

Attention: Ana Rosu Marmann

Facsimile No.: (646) 328-2938

 

with copies
to:

Citigroup Global Markets Realty Corp.

390 Greenwich Street, 5th Floor

New York, New York 10013

Attention: Paul Vanderslice

Facsimile: (212) 723-8599

paul.t.vanderslice@citi.com

 

Citigroup
Global Markets Realty Corp.

388 Greenwich
Street, 19th Floor

New York,
New York 10013

Attention:
Richard Simpson

Facsimile:
(646) 328-2943

E-mail:
richard.simpson@citi.com

 

Ryan M.
O’Connor

Facsimile:
(646) 328-2943

E-mail: ryan.m.oconnor@citi.com

 

Note A-2 Holder
and Note A-5 Holder:

 

Bank
of America, N.A.

NC1-027-15-01

214 North Tryon Street

Charlotte, North Carolina 28255

Attention: Steven L. Wasser

Facsimile No.: (704) 602-3726

Email: steve.l.wasser@baml.com

 

With
a copy to:

 

W.
Todd Stillerman, Esq.

Bank
of America Corporation

NC1-027-20-05

 

    B-1

     

    

 

214
North Tryon Street, 20th Floor

Charlotte,
North Carolina 28255

Facsimile
No.: (404) 746-2127

Email:
william.stillerman@bankofamerica.com

 

Note A-3 Holder
and Note A-6 Holder

 

Deutsche
Bank AG, New York Branch

60 Wall Street

New York, New York 10005

Attention: Robert Pettinato

Facsimile: (212) 797-4488

E-mail: Robert.Pettinato@db.com

 

with
a copy to:

 

Deutsche
Bank AG, New York Branch

60 Wall Street

New York, New York 10005

Attention: General Counsel

 

with
a copy to:

 

Cadwalader,
Wickersham & Taft LLP

One World Financial Center

New York, New York 10281

Attention: Anna Glick and Robert Kim

 

    B-2

     

    

 

EXHIBIT
C

 

PERMITTED
FUND MANAGERS

 

Alliance
Bernstein

Annaly
Capital Management

Apollo
Real Estate Advisors

Archon
Capital, L.P.

AREA
Property Partners

Artemis
Real Estate Partners

BlackRock,
Inc.

Capital
Trust

Clarion
Partners

Colony
Capital, LLC / Colony Financial, Inc.

CreXus
Investment Corporation/Annaly Capital Management

DLJ
Real Estate Capital Partners

Dune
Real Estate Partners

Eightfold
Real Estate Capital, L.P.

Five
Mile Capital Partners

Fortress
Investment Group, LLC

Garrison
Investment Group

Goldman,
Sachs & Co.

H/2
Capital Partners LLC

Hudson
Advisors

Investcorp
International

iStar
Financial Inc.

J.P.
Morgan Investment Management Inc.

JER
Partners

Lend-Lease
Real Estate Investments

Libermax
Capital LLC

LoanCore
Capital

Lone
Star Funds

Lowe
Enterprises

Normandy
Real Estate Partners

One
William Street Capital Management, L.P.

Och-Ziff
Capital Management Group/ OZ Management, L.P./ OZ Management II., L.P.

Praedium
Group

Raith
Capital Partners

Rialto
Capital Management

Rialto
Capital Partners LLC

Rimrock
Capital Management LLC

Rockpoint
Group

Rockwood

RREEF
Funds

Square
Mile Capital Management

Starwood
Capital Group/Starwood Financial Trust

 

    C-1

     

    

 

The
Blackstone Group

The
Carlyle Group

Torchlight
Investors

Walton
Street Capital, L.L.C.

Westbrook
Partners

WestRiver
Capital

Wheelock
Street Capital

Whitehall
Street Real Estate Fund, L.P.

 

    C-2

     

    

 

EXHIBIT
D

 

UNANIMOUS
DECISIONS

 

Unanimous
Decisions:

 

		(i)	Any
                                         increase or decrease of the maximum term of the Mortgage Loan, other than as permitted
                                         in the Mortgage Loan Documents.

 

		(ii)	Any
                                         increase in the aggregate Mortgage Loan amount, other than as permitted in the Mortgage
                                         Loan Documents.

 

		(iii)	Any
                                         waiver, reduction, deferral or forgiveness of principal or interest for any portion of
                                         the Mortgage Loan.

 

		(iv)	Any
                                         increase or decrease in the interest rate for the Mortgage Loan, other than as permitted
                                         in the Mortgage Loan Documents.

 

		(v)	Any
                                         sale, transfer or encumbrance of any collateral for the Mortgage Loan or the underlying
                                         property, other than as permitted under the Mortgage Loan Documents.

 

		(vi)	Any
                                         release of the borrower or guarantor from any material liability or obligation under
                                         the Mortgage Loan Documents.

 

		(vii)	A
                                         release of material collateral for the Mortgage Loan, to the extent the lender has a
                                         consent right under the applicable Mortgage Loan Documents.

 

		(viii)	Any
                                         substitution of any property serving as collateral for the Mortgage Loan.

 

    D-1Exhibit 4.10 

 

EXECUTION VERSION 

	 

 

Uovo Art Storage

 

CO-LENDER AGREEMENT

 

Dated as of February 3, 2017

 

between

 

DEUTSCHE BANK AG, NEW YORK BRANCH 

(Note A-1 Holder) 

and 

DEUTSCHE BANK AG, NEW YORK BRANCH

(Note A-2 Holder)

and

DEUTSCHE BANK AG, NEW YORK BRANCH

(Note A-3 Holder)

and

DEUTSCHE BANK AG, NEW YORK BRANCH

(Note A-4 Holder)

	 

  

    

     

    

 

TABLE OF CONTENTS

 

	 	 	Page
	 	 	 
	1.	Definitions; Conflicts	2
	2.	Servicing of the Mortgage Loan	15
	3.	Priority of Notes	17
	4.	Workout.	17
	5.	Accounts; Payment Procedure	18
	6.	Limitation on Liability	19
	7.	Representations of the Holders	19
	8.	Independent Analyses of each Holder	20
	9.	No Creation of a Partnership or Exclusive Purchase Right	20
	10.	Not a Security	21
	11.	Other Business Activities of the Holders	21
	12.	Transfer of Notes	21
	13.	Exercise of Remedies by the Servicer	23
	14.	Rights of the Directing Holder	25
	15.	Appointment of Special Servicer	26
	16.	Rights of the Non-Directing Holders	26
	17.	Advances; Reimbursement of Advances	27
	18.	Provisions Relating to Securitization	28
	19.	Governing Law; Waiver of Jury Trial	34
	20.	Modifications	34
	21.	Successors and Assigns; Third Party Beneficiaries	34
	22.	Counterparts	34
	23.	Captions	34
	24.	Notices	34
	25.	Custody of Mortgage Loan Documents	35

 

    -i-

     

    

 

THIS CO-LENDER AGREEMENT
(the “Agreement”), dated as of February 3, 2017, is between DEUTSCHE BANK AG, NEW YORK BRANCH (“DBNY”),
a branch of Deutsche Bank AG, a German Bank, having an address at 60 Wall Street, 10th Floor, New York, New York 10005,
as the holder of Note A-1, DBNY, as the holder of Note A-2, DBNY, as the holder of Note A-3, and DBNY, as the holder of Note A-4.

 

W I T N E S S E T H:

 

WHEREAS, DBNY has made
a mortgage loan in the original principal amount of $87,000,000 (the “Mortgage Loan”) to QPN 1 DE LLC, a Delaware
limited liability company, and QPN 10 DE LLC, a Delaware limited liability company (collectively, the “Borrower”)
pursuant to a loan agreement between the Borrower, as borrower, and DBNY, as lender, dated as of February 2, 2017 (the “Loan
Agreement”);

 

WHEREAS, the Mortgage
Loan is evidenced by four notes, Amended and Restated Promissory Note A-1 in the original principal amount of $40,000,000, Amended
and Restated Promissory Note A-2 in the original principal amount of $22,000,000, Amended and Restated Promissory Note A-3 in the
original principal amount of $15,000,000 and Amended and Restated Promissory Note A-4 in the original principal amount of $10,000,000
(“Note A-1”, “Note A-2”, “Note A-3” and “Note A-4”,
respectively, and individually, each, a “Note” and collectively the “Notes”);

 

WHEREAS, the Mortgage
Loan is secured by a first mortgage lien (the “Mortgage”) on the property known as Uovo Art Storage (the “Mortgaged
Property”);

 

WHEREAS, DBNY intends
(but is not bound) to sell, transfer and assign its right, title and interest in and to Note A-2 and Note A-3 to German American
Capital Corporation (“GACC”), an affiliate of DBNY, and GACC intends to sell, transfer and assign its right,
title and interest in and to Note A-2 and Note A-3 to J.P. Morgan Chase Commercial Mortgage Securities Corp. (“JPMCCMS”),
as depositor, pursuant to a Mortgage Loan Purchase Agreement to be dated as of March 17, 2017, by and between JPMCCMS, as purchaser,
and GACC, as seller, and JPMCCMS intends to transfer its right, title and interest in and to Note A-2 and Note A-3 to Wilmington
Trust, National Association, as trustee for the JPMDB Commercial Mortgage Securities Trust 2017-C5 under a pooling and servicing
agreement, dated as of March 1, 2017 (the “C5 PSA”), between JPMCCMS, as depositor, Wells Fargo Bank, National
Association, as master servicer, CWCapital Asset Management LLC, as special servicer, Wells Fargo Bank, National Association, as
certificate administrator, Wilmington Trust, National Association, as trustee, and Park Bridge Lender Services LLC, as operating
advisor and asset representations reviewer (such sales, transfers and assignments, the “C5 Securitization”);

 

WHEREAS, each of the
Note A-1 Holder and Note A-4 Holder or an affiliate thereof intends, but is not bound, to sell transfer and assign all or a portion
of its right, title and interest in and to such Notes to one or more depositors who will in turn transfer the same to one or more
trusts as part of the securitization of one or more mortgage loans; and

 

    

     

    

 

WHEREAS, the parties
hereto desire to enter into this Agreement to memorialize the terms under which they, and their successors and assigns, shall hold
Note A-1, Note A-2, Note A-3 and Note A-4, respectively;

 

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

 

1.       Definitions;
Conflicts.

 

References to a “Section”
or the “recitals” are, unless otherwise specified, to a Section or the recitals of this Agreement. Capitalized terms
used but not otherwise defined herein shall have the meanings ascribed thereto in the Servicing Agreement. To the extent of any
inconsistency between this Agreement and the Servicing Agreement, the terms of this Agreement shall control. Whenever used in this
Agreement, the following terms shall have the respective meanings set forth below unless the context clearly requires otherwise.

 

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

 

“Advance”
shall mean any P&I Advance or Property Advance made with respect to any of the Notes, the Mortgage Loan or the Mortgaged Property
pursuant to a PSA.

 

“Affiliate”
shall mean with respect to any specified Person, any other Person 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 or otherwise, and the terms “controlling” and “controlled” have meanings correlative
to the foregoing.

 

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

 

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

 

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

 

“Borrower Party
Affiliate”: With respect to a borrower, a mortgagor, a manager of a Mortgaged Property or a restricted mezzanine holder,
(a) any other person controlling or controlled by or under common control with such borrower, mortgagor, manager or restricted
mezzanine holder, as applicable, (b) any other person owning, directly or indirectly, 25% or more of the beneficial interests in
such borrower, mortgagor or manager, as applicable, or (c) any other person owning, directly or indirectly, 25% or more of the
beneficial interests in such restricted mezzanine holder. For the purposes of this definition, “control” when used
with respect to any specified person means the power to direct the management and policies of such person, directly or indirectly,
whether through the ownership of voting securities, by contract or

 

    -2-

     

    

 

otherwise and the terms “controlling” and “controlled”
have meanings correlative to the foregoing.

 

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

 

“C5 Depositor”
shall mean the depositor under the C5 PSA.

 

“C5 Master Servicer”
shall mean the master servicer of the Mortgage Loan under the C5 PSA.

 

“C5 PSA”
shall have the meaning assigned to such term in the recitals.

 

“C5 Securitization”
shall have the meaning assigned to such term in the recitals.

 

“C5 Securitization
Date” shall mean the closing date of the C5 Securitization.

 

“C5 Special
Servicer” shall mean the special servicer of the Mortgage Loan under the C5 PSA.

 

“C5 Trustee”
shall mean the trustee under the C5 PSA.

 

“CLO Asset Manager”
shall mean, with respect to any Securitization Vehicle that is a CLO, the entity that is responsible for managing or administering
the underlying assets of such Securitization Vehicle or, if applicable, the assets of any Intervening Trust Vehicle (including,
without limitation, the right to exercise any consent and control rights available to the Directing Holder).

 

“Certificates”
shall mean any securities issued in connection with a Securitization.

 

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

 

“Collection
Account” shall mean the “collection account” or sub-account thereof, established under the Servicing Agreement
for the purpose of servicing the Mortgage Loan.

 

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

 

“Control”
shall mean the ownership, directly or indirectly, in the aggregate of more than fifty percent (50%) of the beneficial ownership
interests of an entity and the possession, directly or indirectly, of the power to direct or cause the direction of the management
or policies of an entity, whether through the ability to exercise voting power, by contract or otherwise. The terms “controlled
by,” “controlling” and “under common control with” shall have the respective correlative meaning
thereto.

 

“DBNY”
shall mean Deutsche Bank AG, New York Branch and its successors in interest.

 

    -3-

     

    

 

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

 

“Defaulted Mortgage
Loan” shall mean the Mortgage Loan in the event that the Mortgage Loan is delinquent at least 60 days in respect of its
Monthly Payments or more than 60 days in respect of its balloon payment, in either case to be determined without giving effect
to any grace period permitted by the Mortgage Loan Documents and without regard to any acceleration of payments under the Mortgage
Loan Documents.

 

“Depositor”
shall mean with respect to any Securitization, the depositor under the related PSA.

 

“Directing Holder”
shall mean the Note A-1 Holder or, if Note A-1 is included in a Securitization, the holders of the Note A-1 Securitization Certificates
representing the specified interest in the class of Certificates designated as the “controlling class” or the duly
appointed representative of the holders of such Certificates or such other party entitled to exercise the rights granted to the
Directing Holder in this Agreement; provided, that no Borrower, property manager or Borrower Party Affiliate thereof shall
be entitled to act as Directing Holder.

 

“Event of Default”
shall mean an “Event of Default” as defined in the Loan Agreement.

 

“Excluded Amounts”
shall mean:

 

(i)       proceeds,
awards or settlements to be applied to the restoration or repair of the Mortgaged Property or released to the Borrower in accordance
with the terms of the Mortgage Loan Documents;

 

(ii)      amounts
required to be deposited in reserve or escrow pursuant to the Mortgage Loan Documents; and

 

(iii)     amounts
that are then due and payable pursuant to the Servicing Agreement to the parties to the Servicing Agreement, including, without
limitation, Servicing Fees, Special Servicing Fees, Liquidation Fees, Workout Fees, as applicable, reimbursement of costs and expenses,
reimbursement of Property Advances and interest thereon at the Reimbursement Rate;

 

but shall not include (A) any amounts
received in respect of any P&I Advances (and interest thereon), (B) any Servicing Fees due to the Master Servicer in excess
of the Servicing Fee calculated at the “primary servicing fee rate” set forth in the Servicing Agreement and (C) any
trustee fees.

 

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

 

“GACC”
shall mean German American Capital Corporation and its successors in interest.

 

“Holder”
shall mean the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder and/or the Note A-4 Holder, as the context indicates.

 

    -4-

     

    

 

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

 

“KBRA”
shall mean Kroll Bond Rating Agency, Inc. and its successors in interest.

 

“Lead Note”
shall mean (a) prior to the Note A-1 Securitization, Note A-2 and (b) from and after the Note A-1 Securitization, Note
A-1.

 

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

 

“Lead Securitization”
shall mean (a) during the period from and after the C5 Securitization Date and prior to the Note A-1 Securitization Date,
the C5 Securitization and (b) from and after the Note A-1 Securitization Date, the Note A-1 Securitization.

 

“Lead Securitization PSA”
shall mean (a) during the period from and after the C5 Securitization Date and prior to the Note A-1 Securitization Date, the C5
PSA and (b) from and after the Note A-1 Securitization Date, the Note A-1 Securitization PSA.

 

“Lead Securitization
Trust” shall mean (a) during the period from and after the C5 Securitization Date and prior to the Note A-1 Securitization
Date, the trust established under the C5 PSA in connection with the C5 Securitization and (b) from and after the Note A-1 Securitization
Date, the trust established under the Note A-1 PSA.

 

“Lead Servicer”
shall mean (a) during the period from and after the C5 Securitization Date and prior to the Note A-1 Securitization Date,
the C5 Master Servicer and (b) from and after the Note A-1 Securitization Date, the servicer designated under the Note A-1
PSA.

 

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

 

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

 

“Major Action”
shall have the meaning assigned to the term “Material Action,” “Major Action,” “Major Decision”
or any equivalent term in the Servicing Agreement.

 

“Master Servicer”
shall mean the master servicer under the Servicing Agreement and any successor thereunder.

 

    -5-

     

    

 

“Master Servicer
Remittance Date” shall mean:

 

(a) the “Master
Servicer Remittance Date” (or analogous term) as defined in the Servicing Agreement, or

 

(b) with respect to each
Note included in a Securitization other than the Lead Securitization, the earlier of (i) the “Master Servicer Remittance
Date” (or analogous term) as defined in the Servicing Agreement and (ii) the first Business Day after the “determination
date,” as such term or a similar term is defined in the PSA for such other Securitization,

 

in each case above in
this definition as long as such date is at least one Business Day after the scheduled Monthly Payment date under the Loan Agreement.

 

“Maturity Date”
shall have the meaning assigned to such term in Exhibit A.

 

“Monthly Payment”
with respect to any period shall mean all amounts due and payable to any Holder or Holders during such period in accordance with
the Mortgage Loan Documents.

 

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

 

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

 

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

 

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

 

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

 

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

 

“Mortgage Loan
Principal Balance” shall mean, at any date of determination, the aggregate principal balance of the Notes evidencing
the Mortgage Loan.

 

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

 

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

 

“Non-Directing
Holders” shall mean the Note A-2 Holder, the Note A-3 Holder and/or the Note A-4 Holder or, if any of Note A-2, Note
A-3 and/or Note A-4, as applicable, is included in a Securitization, holders of Certificates representing the specified interest
in the class

 

    -6-

     

    

 

of Certificates designated as the “controlling class” or the duly appointed representative of the holders
of such Certificates or such other party otherwise entitled under the C5 PSA and/or the Note A-4 PSA, as applicable, to exercise
the rights granted to such Non-Directing Holder in this Agreement.

 

“Non-Lead Master
Servicer” shall mean:

 

(1) during the period
prior to the Note A-1 Securitization Date, the master servicer designated under the Note A-4 PSA, if any; and

 

(2) from and after the
Note A-1 Securitization Date, with respect to Note A-2, the C5 Master Servicer, with respect to Note A-3, the C5 Master Servicer,
and with respect to Note A-4 (if not securitized in the Note A-1 Securitization), the master servicer designated under the Note
A-4 PSA, if any.

 

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

 

“Non-Lead Note
Holders” shall mean the holders of the Non-Lead Notes (other than a Non-Lead Note that is included in the Lead Securitization).

 

“Non-Lead Servicing
Agreement” shall mean (a) during the period prior to the Note A-1 Securitization Date, the Note A-4 PSA, if any, and
(b) from and after the Note A-1 Securitization Date, the C5 PSA and the Note A-4 PSA, if any.

 

“Nonrecoverable
Advance” shall have the meaning ascribed to such term in the Servicing Agreement.

 

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

 

“Note A-1 Holder”
shall mean DBNY or any subsequent holder of Note A-1.

 

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

 

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

 

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

 

“Note A-1 Securitization
Date” shall mean the closing date of the Note A-1 Securitization.

 

“Note A-1 Trustee”
shall mean the trustee under the Note A-1 PSA.

 

    -7-

     

    

 

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

 

“Note A-2 Holder”
shall mean DBNY or any subsequent holder of Note A-2.

 

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

 

“Note A-2 PSA”
shall mean the C5 PSA.

 

“Note A-2 Securitization”
shall mean the C5 Securitization.

 

“Note A-2 Securitization
Date” shall mean the closing date of the C5 Securitization.

 

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

 

“Note A-3 Holder”
shall mean DBNY or any subsequent holder of Note A-3.

 

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

 

“Note A-3 PSA”
shall mean the C5 PSA.

 

“Note A-3 Securitization”
shall mean the C5 Securitization.

 

“Note A-3 Securitization
Date” shall mean the closing date of the C5 Securitization.

 

“Note A-3 Trustee”
shall mean the trustee under the C5 PSA.

 

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

 

“Note A-4 Holder”
shall mean DBNY or any subsequent holder of Note A-4.

 

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

 

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

 

“Note A-4 Securitization”
shall mean the first sale by the Note A-4 Holder of all or any portion of Note A-4 to a depositor who will in turn include all
or such portion (as

 

    -8-

     

    

 

applicable) of Note A-4 as part of the securitization of one or more mortgage loans that does not include Note
A-1.

 

“Note A-4 Securitization
Date” shall mean the closing date of the Note A-4 Securitization.

 

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

 

“P&I Advance”
shall mean an advance made by a party to a PSA with respect to a delinquent monthly debt service payment on the Notes included
in the related Securitization.

 

“Penalty Charges”
shall mean any amounts collected from the Borrower that represent default charges, penalty charges, late fees and/or default interest,
but excluding any yield maintenance charge or prepayment premium.

 

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

 

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

 

“Property Advance”
shall mean an advance made in respect of property protection expenses or expenses incurred to protect, preserve and enforce the
security for the Mortgage Loan or to pay taxes and assessments or insurance premiums with respect to the Mortgaged Property.

 

“Pro Rata and
Pari Passu Basis” shall mean with respect to the Notes and each Holder, (i) for purposes of allocating payments of interest
among the Notes, each Note or Holder, as the case may be, is allocated its respective pro rata share based on the interest accrued
on such Note at the respective Interest Rate of such Note based on the outstanding principal balance of the such Note and (ii)
for all other purposes, the allocation of any particular payment, collection, cost, expense, liability or other amount between
such Notes or such Holders, as the case may be, without any priority of any such Note or any such Holder over another Note or Holder,
as the case may be, and in any event such that each Note or Holder, as the case may be, is allocated its respective pro rata share
based on the outstanding principal balance of its Note in relation to the outstanding principal balance of the entire Mortgage
Loan of such particular payment, collection, cost, expense, liability or other amount.

 

“PSA”
shall mean any pooling and servicing agreement or other servicing agreement executed in connection with a Securitization.

 

“Qualified Servicer”
shall mean (i) Wells Fargo Bank, National Association, (ii) Midland Loan Services, a Division of PNC Bank, National Association,
(iii) KeyBank

 

    -9-

     

    

 

National Association, provided each of (i), (ii) and (iii) are still qualified servicers pursuant to the Servicing
Agreement, or (iv) any nationally recognized commercial mortgage loan servicer (1) rated at least “CSS3,”
in the case of a special servicer, or at least “CMS2,” in the case of a master servicer, by Fitch, (2) on the
S&P Select Servicer List as a U.S. Commercial Mortgage Master Servicer or a U.S. Commercial Mortgage Special Servicer, as applicable,
(3) as to which neither Moody’s nor KBRA has cited servicing concerns of such servicer as the sole or material factor
in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation of a
ratings downgrade or withdrawal) of securities in any CMBS transaction rated by Moody’s or KBRA, as applicable, and serviced
by such servicer prior to the time of determination, (4) a servicer that (i) during the 12-month period prior to the date of determination,
acted as master servicer or special servicer, as applicable, in a commercial mortgage loan securitization rated by Morningstar
and (ii) Morningstar has not qualified, downgraded or withdrawn the then-current rating or ratings of one or more classes of such
certificates citing servicing concerns with the servicer or special servicer, as applicable, as the sole or material factor in
such rating action and (5) in the case of DBRS, that within the twelve (12) month period prior
to the date of determination such servicer was acting as servicer or special servicer, as applicable, in a commercial mortgage
loan securitization that was rated by DBRS and DBRS has not downgraded or withdrawn the then-current rating on any class of commercial
mortgage securities or placed any class of commercial mortgage securities on watch citing the continuation of such servicer as
servicer or special servicer, as applicable, of such commercial mortgage securities as a material reason for such downgrade or
withdrawal. For purposes of this definition, for so long as any Note is included in a Securitization, the ratings or actions
of any Rating Agency that is not rating any such Securitization(s) shall not be considered.

 

“Qualified Transferee”
shall mean an Affiliate of the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder or the Note A-4 Holder, or one or more
of the following (other than a Borrower or any entity which is a Borrower Party Affiliate):

 

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

 

(ii)      an
investment company, money management firm or a “qualified institutional buyer” within the meaning of Rule 144A under
the Securities Act of 1933, as amended, which regularly engages in the business of making or owning investments of types similar
to the Mortgage Loan; or

 

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

 

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

 

(v)      a
Qualified Trustee (or, in the case of a CLO, a single purpose bankruptcy-remote entity that contemporaneously pledges its interest
in a Note to

 

    -10-

     

    

 

 a
Qualified Trustee) in connection with (A) a securitization of, (B) the creation of collateralized loan obligations
(“CLO”) secured by, or (C) a financing through an “owner trust” of, any interest in a
Note (any of the foregoing, a “Securitization Vehicle”), provided that (1) one or more
classes of securities issued by such Securitization Vehicle is initially rated at least investment grade by at least two of
the Rating Agencies that also assigned a rating to one or more classes of securities issued in connection with the
Securitization of a Note (and, if DBRS is not one of such Rating Agencies, the special servicer for the Securitization
Vehicle is a Qualified Servicer); (2) the special servicer for the Securitization Vehicle is a Qualified Servicer at the time
of transfer; or (3) in the case of a Securitization Vehicle that is a CLO, the CLO Asset Manager and, if applicable, each
Intervening Trust Vehicle that is not administered and managed by a CLO Asset Manager that is a Qualified Transferee, is a
Qualified Transferee under clause (i), (ii), (iii) or (iv) of this definition; or

 

(vi)       an
investment fund, limited liability company, limited partnership or general partnership in which a Permitted Fund Manager acts as
the general partner, managing member, or the fund manager responsible for the day to day management and operation of such investment
vehicle, provided that greater than fifty percent (50%) of the equity interests in such investment vehicle are owned, directly
or indirectly, by one or more entities that are otherwise Qualified Transferees,

 

which, in the case of each of clauses (i),
(ii), and (iii) of this definition, has at least $650,000,000 in total assets (in name or under management) and (except with respect
to a pension advisory firm or similar fiduciary) at least $250,000,000 in capital/statutory surplus or shareholders’ equity,
and is regularly engaged in the business of making or owning commercial real estate loans or commercial loans similar to the Mortgage
Loan.

 

“Qualified Trustee”
shall mean (i) a corporation, national bank, national banking association or a trust company, organized and doing business
under the laws of any state or the United States of America, authorized under such laws to exercise corporate trust powers and
to accept the trust conferred, having a combined capital and surplus of at least $100,000,000 and subject to supervision or examination
by federal or state authority, (ii) an institution insured by the Federal Deposit Insurance Corporation or (iii) an institution
whose long-term senior unsecured debt is then rated in one of the top two rating categories of each of the Rating Agencies.

 

“Rating Agencies”
shall mean DBRS, Fitch, KBRA, Moody’s, Morningstar and S&P and their respective successors in interest or, if any of
such entities shall for any reason no longer perform the functions of a securities rating agency, any other nationally recognized
statistical rating agency reasonably designated by any Holder to rate the securities issued in connection with the Securitization
of the related Note; provided, however, that, unless specified otherwise, at any time during which any Note is an
asset of a Securitization, “Rating Agencies” or “Rating Agency” shall mean only those rating
agencies that are engaged by the applicable Depositor from time to time to rate the securities issued in connection with such Securitization.

 

    -11-

     

    

 

“Rating Agency
Confirmation” shall mean each of the applicable Rating Agencies shall have confirmed in writing that the occurrence of
the event with respect to which such Rating Agency Confirmation is sought shall not result in a downgrade, qualification or withdrawal
of the applicable rating or ratings ascribed by such Rating Agency to any of the Certificates then outstanding. In the event that
no Certificates are outstanding, any action that would otherwise require a Rating Agency Confirmation shall require the consent
of the Note A-1 Holder, which consent shall not be unreasonably withheld, conditioned or delayed.

 

For the purposes of this
Agreement, if any Rating Agency (1) waives, declines or refuses, in writing, to review or otherwise engage any request for a confirmation
hereunder from such Rating Agency that a proposed action will not result in a qualification, downgrade or withdrawal of its then
current rating of the securities issued pursuant to the related Securitization, or (2) does not reply to such request or responds
in a manner that indicates that such Rating Agency is neither reviewing such request nor waiving the requirement for Rating Agency
Confirmation and the related timing, notice and other applicable provisions set forth in the applicable PSA have been satisfied,
then for such request only, the condition that such confirmation by such Rating Agency (only) be obtained will be deemed not to
apply for purposes of this Agreement. For purposes of clarity, any such waiver, declination or refusal to review or otherwise engage
in any request for such confirmation hereunder shall not be deemed a waiver, declination or refusal to review or otherwise engage
in any subsequent request for such Rating Agency Confirmation hereunder and the condition for such Rating Agency Confirmation pursuant
to this Agreement for any subsequent request shall apply regardless of any previous waiver, declination or refusal to review or
otherwise engage in such prior request.

 

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

 

“REMIC”
shall have the meaning assigned to such term in Section 2(f).

 

“REO Property”
shall mean the Mortgaged Property, title to which has been acquired by the Servicer on behalf of (or other Person designated by)
the Holders through foreclosure, deed in lieu of foreclosure or otherwise.

 

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

 

“Securitization”
shall mean the Note A-1 Securitization, the C5 Securitization and/or the Note A-4 Securitization, as applicable.

 

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

 

“Servicer”
shall mean (i) the Master Servicer with respect to a non-Specially Serviced Mortgage Loan and the Special Servicer with respect
to a Specially Serviced Mortgage Loan, or (ii) with respect to a specific function, right or obligation as to which the Servicing
Agreement designates the Master Servicer or the Special Servicer, the party so designated, as applicable, pursuant to the Servicing
Agreement.

 

“Servicing Agreement”
shall mean (a) during the period prior the Note A-1 Securitization Date, the C5 PSA and (b) from and after the Note A-1 Securitization
Date, the

 

    -12-

     

    

 

Note A-1 PSA; provided that in the event the Lead Note is no longer in a Securitization, the term “Servicing
Agreement” shall refer to the subsequent servicing agreement entered into pursuant to Section 2.

 

“Servicing Fee”
shall mean the fee of the Master Servicer pursuant to the terms of the Servicing Agreement, which will generally be calculated
as the product of (i) the Servicing Fee Rate and (ii) the outstanding principal balance of the Mortgage Loan as of the date of
determination.

 

“Servicing Fee
Rate” shall have the meaning applied to such term in the Servicing Agreement, being the rate per annum which, when applied
to the Mortgage Loan Principal Balance (which may be a different rate with respect to each of the Notes), will determine the servicing
fee payable to the Master Servicer under the Servicing Agreement.

 

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

 

“Servicing Transfer
Event” shall mean any of the events specified in the Servicing Agreement, whereby the servicing of the Mortgage Loan
is required to be transferred to the Special Servicer from the Master Servicer.

 

“Special Servicer”
shall mean the special servicer of the Mortgage Loan as appointed under the terms of this Agreement and the Servicing Agreement,
or any successor special servicer appointed as provided thereunder or hereunder.

 

“Special Servicing
Fee” shall have the meaning given to such term in the Servicing Agreement.

 

“Specially Serviced
Mortgage Loan” shall mean the Mortgage Loan during the period it is serviced by the Special Servicer following a Servicing
Transfer Event.

 

“Transfer”
shall mean any assignment, pledge, conveyance, sale, transfer, mortgage, encumbrance, grant of a security interest, issuance of
a participation interest, or other disposition, either directly or indirectly, by operation of law or otherwise.

 

“Trustee”
shall mean the trustee under a PSA.

 

2.        Servicing
of the Mortgage Loan. (a)  Each Holder acknowledges and agrees that, subject in
each case to the specific terms of this Agreement, the Mortgage Loan shall be serviced as follows:

 

(i)       from
and after the C5 Securitization Date, but prior to the Note A-1 Securitization Date, by the C5 Master Servicer and the C5 Special
Servicer pursuant to the terms of this Agreement and the C5 PSA; and

 

(ii)      from
and after the Note A-1 Securitization Date, by the Servicer and the Special Servicer designated under the Note A-1 PSA pursuant
to the terms of this Agreement and the Note A-1 PSA.

 

    -13-

     

    

 

Each Holder agrees to
reasonably cooperate with each Servicer with respect to its exercise of its rights and obligations under the Servicing Agreement.

 

(b)       Subject
to the terms and conditions of this Agreement, each Holder hereby irrevocably and unconditionally consents to the appointment of
the Master Servicer and the Trustee under the Servicing Agreement by the Depositor and the appointment of the Special Servicer
by the Directing Holder and agrees to reasonably cooperate with the Master Servicer and the Special Servicer with respect to the
servicing of the Mortgage Loan in accordance with the Servicing Agreement. Each Holder hereby appoints the Master Servicer, the
Special Servicer and the Trustee under the Servicing Agreement as such Holder’s attorney-in-fact to sign any documents reasonably
required with respect to the administration and servicing of the Mortgage Loan on its behalf under the Servicing Agreement (subject
at all times to the rights of the Holders as set forth herein and in such Servicing Agreement).

 

(c)       If,
at any time the Lead Note is no longer in a Securitization, the Note A-1 Holder shall cause the Mortgage Loan to be serviced pursuant
to a servicing agreement that is substantially similar to the Servicing Agreement (and, if any Non-Lead Note is in a Securitization,
a Rating Agency Confirmation from the Rating Agencies that were engaged by the Depositor to rate such Securitization) and all references
herein to the “Servicing Agreement” shall mean such subsequent Servicing Agreement; provided, however,
that until a replacement Servicing Agreement has been entered into (and such written confirmation has been obtained), the Note
A-1 Holder shall cause the Mortgage Loan to be serviced pursuant to the provisions of the Servicing Agreement as if such agreement
was still in full force and effect with respect to the Mortgage Loan; provided, further, however, that until
a replacement Servicing Agreement is in place, the actual servicing of the Mortgage Loan may be performed by any Qualified Servicer
appointed by the Note A-1 Holder and does not have to be performed by the service providers set forth under the Servicing Agreement
that was previously in effect.

 

(d)       Notwithstanding
anything to the contrary contained herein (including Sections 4 and 13(a)), each Servicing Agreement shall provide
that the Servicer shall be required to service and administer the Mortgage Loan in accordance with the Servicing Standard as set
forth in such Servicing Agreement, and any Holder who is not a Borrower or a Borrower Party Affiliate shall be deemed a third-party
beneficiary of such provisions of the Servicing Agreement. It is understood that any Non-Lead Note Holder may separately appoint
a servicer for its Non-Lead Note, by itself or together with other assets, but any such servicer will have no responsibility hereunder
and shall be compensated solely by the applicable Non-Lead Note Holder from funds payable to it hereunder or otherwise.

 

(e)       The
Holders acknowledge that the Servicer is to comply with this Agreement and the Mortgage Loan Documents in connection with the servicing
of the Mortgage Loan.

 

(f)       If
any Note is included as an asset of a real estate mortgage investment conduit (a “REMIC”), within the meaning
of Section 860D(a) of the Code, then, any provision of this Agreement to the contrary notwithstanding: (i) the Mortgage
Loan shall be administered such that the Notes shall qualify at all times as (or as interests in) a “qualified mortgage”
within the meaning of Section 860G(a)(3) of the Code, (ii) any real property (and related personal

 

    -14-

     

    

 

property) acquired
by or on behalf of the Holders pursuant to a foreclosure, exercise of a power of sale or delivery of a deed in lieu of foreclosure
of the Mortgage or lien on such property following a default on the Mortgage Loan shall be administered so that the interest of
the pro rata share of each Holder therein shall at all times qualify as “foreclosure property” within the meaning
of Section 860G(a)(8) of the Code, and (iii) no Servicer may modify, waive or amend any provision of the Mortgage Loan,
consent to or withhold consent from any action of the Borrower, or exercise or refrain from exercising any powers or rights that
the Holders may have under the Mortgage Loan Documents, if any such action would constitute a “significant modification”
of the Mortgage Loan, within the meaning of Section 1.860G-2(b) of the regulations of the United States Department of the
Treasury, more than three (3) months after the startup day of the REMIC that includes any Note (or any portion thereof). Each Holder
agrees that the provisions of this paragraph shall be effected by compliance with any REMIC provisions in the Servicing Agreement
relating to the administration of the Mortgage Loan.

 

(g)       In
the event that one of the Notes is included in a REMIC, the other Holders shall not be required to reimburse such Holder or any
other Person for payment of any taxes imposed on such REMIC or Advances therefor or for any interest on such Advance or for deficits
in other items of disbursement or income resulting from the use of funds for payment of any such taxes, nor shall any disbursement
or payment otherwise distributable to the other Holders be reduced to offset or make-up any such payment or deficit.

 

3.       Priority
of Notes.  Note A-1, Note A-2, Note A-3 and Note A-4 shall be of equal priority, and no portion of any of Note A-1,
Note A-2, Note A-3 or Note A-4 shall have priority or preference over any portion of the other Note or security therefor. Except
for the Excluded Amounts, all amounts tendered by the Borrower or otherwise available for payment on the Mortgage Loan, whether
received in the form of Monthly Payments, a balloon payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit
or other instrument serving as security on the Mortgage Loan, proceeds under title, hazard or other insurance policies or awards
or settlements in respect of condemnation proceedings or similar exercise of the power of eminent domain shall be distributed
by the Master Servicer and applied to Note A-1, Note A-2, Note A-3 and Note A-4 on a Pro Rata and Pari Passu Basis.

 

The Servicing Agreement
may provide for the application of Penalty Charges paid in respect of the Mortgage Loan to be used to (i) pay the Master Servicer,
the Trustee or the Special Servicer for interest accrued on any Property Advances, (ii) to pay the parties to any Securitization
for interest accrued on any P&I Advance, (iii) to pay certain other expenses incurred with respect to the Mortgage Loan
and (iv) to pay to the Master Servicer and/or the Special Servicer as additional servicing compensation, except that, for
so long as any Note is not included in a Securitization, any Penalty Charges allocated to any Note that is not in a securitization
that are not applied pursuant to clauses (i)-(iii) above shall be remitted to the respective Holder and shall not be paid to the
Master Servicer and/or the Special Servicer without the express consent of such Holder.

 

4.       Workout.  Notwithstanding
anything to the contrary contained herein, but subject to the terms and conditions of the Servicing Agreement and Section 13
of this Agreement, and the obligation to act in accordance with the Servicing Standard, if the Lead Note

 

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Holder, or any Servicer,
in connection with a workout or proposed workout of the Mortgage Loan, modifies the terms thereof such that (i) the Mortgage
Loan Principal Balance is decreased, (ii) the Mortgage Interest Rate is reduced, (iii) payments of interest or principal
on any Note are waived, reduced or deferred or (iv) any other adjustment is made to any of the payment terms of the Mortgage
Loan, such modification shall not alter, and any modification of the Mortgage Loan Documents shall be structured to preserve, the
equal priorities of Note A-1, Note A-2, Note A-3 and Note A-4 as described in Section 3.

 

5.       Accounts;
Payment Procedure.  The Servicing Agreement shall provide that the Master Servicer shall establish and maintain
the Collection Account or Collection Accounts, as applicable. Each of the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder
and the Note A-4 Holder hereby directs the Master Servicer, in accordance with the priorities set forth in Section 3
hereof, and subject to the terms of the Servicing Agreement, (i) to deposit into the applicable Collection Account within the
time period specified in the Servicing Agreement all payments received with respect to the Mortgage Loan and (ii) to remit from
the applicable Collection Account for deposit or credit on the applicable Master Servicer Remittance Date all payments received
with respect to and allocable to Note A-1, Note A-2, Note A-3 and Note A-4 by wire transfer to accounts maintained by the Note
A-1 Holder, the Note A-2 Holder, the Note A-3 Holder and the Note A-4 Holder respectively; provided that delinquent payments
received by the Master Servicer after the related Master Servicer Remittance Date shall be remitted by the Master Servicer to
such accounts within the time period specified in the Servicing Agreement.

 

If any Servicer holding
or having distributed any amount received or collected in respect of Note A-1, Note A-2, Note A-3 or Note A-4 determines, or a
court of competent jurisdiction orders, at any time that any amount received or collected in respect of Note A-1, Note A-2, Note
A-3 or Note A-4 must, pursuant to any insolvency, bankruptcy, fraudulent conveyance, preference or similar law, be returned to
the Borrower or paid to the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder or any Servicer or paid
to any other Person, then, notwithstanding any other provision of this Agreement, no Servicer shall be required to distribute any
portion thereof to the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder or the Note A-4 Holder, as applicable, and the
Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder or the Note A-4 Holder, as applicable, shall promptly on demand repay
to such Servicer the portion thereof which shall have been theretofore distributed to the Note A-1 Holder, the Note A-2 Holder,
the Note A-3 Holder or the Note A-4 Holder, as applicable, together with interest thereon at such rate, if any, as such Servicer
shall have been required to pay to the Borrower, the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder,
any Servicer or such other person or entity with respect thereto. Each of the Note A-1 Holder, the Note A-2 Holder, the Note A-3
Holder and the Note A-4 Holder agrees that if at any time it shall receive from any sources whatsoever any payment on account of
the Mortgage Loan in excess of its distributable share thereof, it will promptly remit such excess to the Master Servicer. The
Master Servicer shall have the right to offset any amounts due hereunder from the Note A-1 Holder, the Note A-2 Holder, the Note
A-3 Holder or the Note A-4 Holder, as applicable, with respect to the Mortgage Loan against any future payments due to the Note
A-1 Holder, the Note A-2 Holder, the Note A-3 Holder or the Note A-4 Holder, as applicable, under the Mortgage Loan, provided,
that the obligations of the Note A-1

 

    -16-

     

    

 

Holder, the Note A-2 Holder, the Note A-3 Holder and the Note A-4 Holder under this Section 5
are separate and distinct obligations from one another and in no event shall any Servicer enforce the obligations of any Holder
against any other Holder. The obligations of the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder and the Note A-4 Holder
under this Section 5 constitute absolute, unconditional and continuing obligations and each Servicer shall be deemed
a third-party beneficiary of these provisions.

 

6.       Limitation
on Liability.  Subject to the terms of the Servicing Agreement, no Holder (including the Master Servicer or the
Special Servicer on its behalf) shall have any liability to any other Holder with respect to any Note, except (1) with respect
to the Advance reimbursement provisions set forth in Section 17 and (2) with respect to losses actually suffered
due to the gross negligence, willful misconduct or material breach of this Agreement on the part of such Holder (including the
Master Servicer or the Special Servicer on its behalf, except that the Master Servicer’s or Special Servicer’s liability
may be further limited or expanded as set forth in the Servicing Agreement).

 

7.       Representations
of the Holders.  (a)  Each of the Holders hereby represents and warrants to, and covenants with each other
Holder that, as of the date hereof:

 

(i)       It
is duly organized, validly existing and in good standing under the laws of the State under which it is organized.

 

(ii)      The
execution and delivery of this Agreement by such Holder, and performance of, and compliance with, the terms of this Agreement by
such Holder, will not violate its organizational documents 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 agreement or other instrument to which
it is a party or that is applicable to it or any of its assets, in each case which materially and adversely affect its ability
to carry out the transactions contemplated by this Agreement.

 

(iii)     Such
Holder 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 is the legal, valid and binding obligation of such Holder enforceable against such Holder in accordance with its terms,
except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting
the enforcement of creditors’ rights generally, and by general principles of equity (regardless of whether such enforceability
is considered in a proceeding in equity or at law), and except that the enforcement of rights with respect to indemnification and
contribution obligations may be limited by applicable law.

 

(v)      It
has the right to enter into this Agreement without the consent of any third party.

 

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(vi)       It
is the holder of the respective Note for its own account in the ordinary course of its business.

 

(vii)       It
has not dealt with any broker, investment banker, agent or other person, that may be entitled to any commission or compensation
in connection with the consummation of any of the transactions contemplated hereby.

 

(viii)       It
is a Qualified Transferee.

 

8.       Independent
Analyses of each Holder.  Each Holder acknowledges that, except for the representations made in Section 7,
it has, independently and without reliance upon any other Holders and based on such documents and information as such Holder has
deemed appropriate, made its own credit analysis and decision to purchase its respective Note. Each Holder hereby acknowledges
that the other Holders shall have no responsibility for (i) the collectability of the Mortgage Loan, (ii) the validity,
enforceability or legal effect of any of the Mortgage Loan Documents or the title insurance policy or policies or any survey furnished
or to be furnished in connection with the origination of the Mortgage Loan, (iii) the validity, sufficiency or effectiveness
of the lien created or to be created by the Mortgage Loan Documents, or (iv) the financial condition of the Borrower. Each
Holder assumes all risk of loss in connection with its respective Note for reasons other than gross negligence, willful misconduct
or breach of this Agreement by any other Holder or negligence, willful misconduct or bad faith by any Servicer, subject to the
terms of the Servicing Agreement.

 

9.       No
Creation of a Partnership or Exclusive Purchase Right.  Nothing contained in this Agreement, and no action taken
pursuant hereto, shall be deemed to constitute among any Holder (or the Master Servicer, Special Servicer or Trustee on its behalf)
and any other Holder a partnership, association, joint venture or other entity. Each Holder (or the Master Servicer, Special Servicer
or Trustee on its behalf) shall have no obligation whatsoever to offer to the other Holders the opportunity to purchase notes
or interests relating to any future loans originated by such Holder or any of its Affiliates, and if any Holder chooses to offer
to any of the other Holders, the opportunity to purchase notes or interests in any future mortgage loans originated by such Holder
or its Affiliates, such offer shall be at such purchase price and interest rate as such Holder chooses, in its sole and absolute
discretion. None of the Holders shall have any obligation whatsoever to purchase from any other Holder any notes or interests
in any future loans originated by any other Holder or any of its Affiliates.

 

10.       Not
a Security.  None of Note A-1, Note A-2, Note A-3 or Note A-4 shall be deemed to be a security within the meaning
of the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

 

11.       Other
Business Activities of the Holders.  Each Holder acknowledges that the other Holders may make loans or otherwise
extend credit to, and generally engage in any kind of business with, any Borrower Party Affiliate, and receive payments on such
other loans or extensions of credit to any Borrower Party Affiliate and otherwise act with respect thereto freely and without
accountability, but only if none of the foregoing violate the Mortgage Loan

 

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Documents, in the same manner as if this Agreement
and the transactions contemplated hereby were not in effect.

 

12.       Transfer
of Notes.  (a)  Each Holder may Transfer up to 49% (in the aggregate) of its beneficial interest in its
Note, whether or not the related transferee is a Qualified Transferee, without a Rating Agency Confirmation. Each Holder agrees
it shall not Transfer more than 49% (in the aggregate) of its beneficial interest in its Note, except to a Qualified Transferee,
unless (i) prior to a Securitization of any Note, the other Holders have consented to such Transfer, in which case the related
transferee (and its Affiliates) shall thereafter be deemed to be a “Qualified Transferee” for all purposes under this
Agreement, (ii) after a Securitization of any Note, a Rating Agency Confirmation has been received with respect to such Transfer,
in which case the related transferee shall thereafter be deemed to be a “Qualified Transferee” for all purposes under
this Agreement, or (iii) such Transfer is in connection with a sale to a Securitization Trust; provided that if such Transfer
is a Transfer of the Lead Note, such Transfer is to a Qualified Transferee. With respect to any Transfers pursuant to (i) or (ii)
above such transferee must (x) assume in writing the obligations of the transferring Holder hereunder and agree to be bound by
the terms and provisions of this Agreement and, if applicable, the Servicing Agreement and (y) remake each of the representations
and warranties contained herein for the benefit of the other Holders. Notwithstanding the foregoing, without the non-transferring
Holder’s prior consent (which will not be unreasonably withheld), and, if such non-transferring Holder’s Note is in
a Securitization, without a Rating Agency Confirmation from each Rating Agency that has been engaged by the Depositor to rate
the securities issued in connection with such Securitization, no Holder shall Transfer all or any portion of its Note to a Borrower
or a Borrower Party Affiliate and any such Transfer shall be absolutely null and void and shall vest no rights in the purported
transferee.

 

(b)       Except
for a Transfer made in connection with a Securitization, or a Transfer made by a Holder to an Affiliate, at least five (5) days
prior to a transfer of any Note, the transferring Holder shall provide to the other Holders and, if any Certificates are outstanding,
to the Rating Agencies, a certification that such transfer will be made in accordance with this Section 12, such certification
to include (1) the name and contact information of the transferee and (2) if applicable, a certification by the transferee
that it is a Qualified Transferee.

 

(c)       The
Holders acknowledge and agree that, to the extent specifically required, any Rating Agency Confirmation may be granted or denied
by the Rating Agencies in their sole and absolute discretion and that such Rating Agencies may charge the transferring Holder customary
fees in connection with providing such Rating Agency Confirmation.

 

(d)       Notwithstanding
anything to the contrary contained herein, each Holder may pledge or transfer (a “Pledge”) its Note to any entity
(other than a Borrower or any Borrower Party Affiliate) that has extended a credit facility to such Holder or has entered into
a repurchase agreement with such Holder and that, in each case, is either a Qualified Transferee or a financial institution whose
long-term unsecured debt is rated at least “A” (or the equivalent) or better by each Rating Agency (a “Note
Pledgee”), or to a Person with respect to which a Rating Agency Confirmation has been obtained, on terms and conditions
set forth in this Section 12(d), it being further agreed that a financing provided by a Note Pledgee to any Holder
or any Affiliate

 

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that controls such Holder that is secured by such Holder’s interest in its respective Note and is structured
as a repurchase arrangement, shall qualify as a “Pledge” hereunder on the condition that all applicable terms and conditions
of this Section 12 are complied with. A Note Pledgee that is not a Qualified Transferee may not take title to a Note
without a Rating Agency Confirmation. Upon written notice, if any, by the pledging Holder to the other Holders and the Servicer
that a Pledge has been effected (including the name and address of the applicable Note Pledgee), the other Holders agree to acknowledge
receipt of such notice and thereafter agree: (i) to give such Note Pledgee written notice of any default by the pledging Holder
in respect of its obligations under this Agreement of which default such Holder has actual knowledge and which notice shall be
given simultaneously with the giving of such notice to the pledging Holder; (ii) to allow such Note Pledgee a period of ten
(10) Business Days to cure a default by the pledging Holder in respect of its obligations to the other Holders hereunder, but such
Note Pledgee shall not be obligated to cure any such default; (iii) that no amendment, modification, waiver or termination
of this Agreement or the Servicing Agreement (if the pledging Holder had the right to consent to such amendment, modification,
waiver or termination pursuant to the terms hereof) shall be effective against such Note Pledgee without the written consent of
such Note Pledgee, which consent shall not be unreasonably withheld, conditioned or delayed and which consent shall be deemed to
be given if Note Pledgee shall fail to respond to any request for consent to any such amendment, modification, waiver or termination
within 10 days after request therefor; (iv) that the other Holders shall accept any cure by such Note Pledgee of any default
of the pledging Holder which such pledging Holder has the right to effect hereunder, as if such cure were made by such pledging
Holder; (v) that the other Holders or Servicer shall deliver to Note Pledgee such estoppel certificate(s) as Note Pledgee
shall reasonably request, provided that any such certificate(s) shall be in a form reasonably satisfactory to the other
Holders; and (vi) that, upon written notice (a “Redirection Notice”) to the Servicer by such Note Pledgee
that the pledging Holder is in default beyond any applicable cure periods with respect to the pledging Holder’s obligations
to such Note Pledgee pursuant to the applicable credit agreement or other agreements relating to the Pledge between the pledging
Holder and such Note Pledgee (which notice need not be joined in or confirmed by the pledging Holder), and until such Redirection
Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee (or at any time that pledging Holder otherwise directs that
such payment be made to Note Pledgee pursuant to a separate notice) shall be entitled to receive any payments that any Servicer
would otherwise be obligated to make to the pledging Holder from time to time pursuant to this Agreement or any Servicing Agreement.
Any pledging Holder hereby unconditionally and absolutely releases the other Holders and any Servicer from any liability to the
pledging Holder on account of any Holder’s or Servicer’s compliance with any Redirection Notice believed by any Servicer
or other Holders in good faith to have been delivered by a Note Pledgee. Note Pledgee shall be permitted to exercise fully its
rights and remedies against the pledging Holder (and accept an assignment in lieu of foreclosure as to such collateral), in accordance
with applicable law, the pledge agreement, repurchase agreement or similar agreement between the pledging Holder and the Note Pledgee
and this Agreement. In such event, or if the pledging holder otherwise assigns its interests to the Note Pledgee, the other Holders
and the Servicer shall recognize such Note Pledgee (and any transferee (other than a Borrower or any Borrower Party Affiliate)
that is also a Qualified Transferee at any foreclosure or similar sale held by such Note Pledgee or any transfer in lieu of foreclosure),
and such Person’s successor and assigns, as the successor to the pledging Holder’s rights, remedies and obligations
under this Agreement, and any such Note Pledgee or

 

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Qualified Transferee shall assume in writing the obligations of the pledging
Holder hereunder accruing from and after such Transfer (i.e., realization upon the collateral by such Note Pledgee) and
agrees to be bound by the terms and provisions of this Agreement. The rights of a Note Pledgee under this Section 12(d)
shall remain effective as to any Holder (and any Servicer) unless and until such Note Pledgee shall have notified such Holder (and
any Servicer, as applicable) in writing that its interest in the pledged Note has terminated.

 

13.       Exercise
of Remedies by the Servicer.  (a)  Subject to the terms of this Agreement and the Servicing Agreement
and subject to the rights and consents, where required, of the Directing Holder, the Servicer shall have the sole and exclusive
authority with respect to the administration of, and exercise of rights and remedies with respect to, the Mortgage Loan, including,
without limitation, the sole and exclusive authority to (i) modify or waive any of the terms of the Mortgage Loan Documents,
(ii) consent to any action or failure to act by the Borrower or any party to the Mortgage Loan Documents, (iii) vote
all claims with respect to the Mortgage Loan in any bankruptcy, insolvency or other similar proceedings and (iv) to take
legal action to enforce or protect the Holders’ interests with respect to the Mortgage Loan or to refrain from exercising
any powers or rights under the Mortgage Loan Documents, including the right at any time to call or waive any Events of Default,
or accelerate or refrain from accelerating the Mortgage Loan or institute any foreclosure action, and the Holders shall have no
voting, consent or other rights whatsoever with respect to the Servicer’s administration of, or exercise of its rights and
remedies with respect to, the Mortgage Loan other than as provided in the Servicing Agreement. Subject to the terms and conditions
of the Servicing Agreement, the Servicer shall have the sole and exclusive authority to make Property Advances with respect to
the Mortgage Loan. Except as otherwise provided in this Agreement, each Holder agrees that it shall have no right to, and hereby
presently and irrevocably assigns and conveys to the Servicer the rights, if any, that such Holder has to (A) call or cause
the Servicer to call an Event of Default under the Mortgage Loan, or (B) exercise any remedies with respect to the Mortgage
Loan or the Borrower, including, without limitation, filing or causing the Lead Note Holder or such Servicer to file any bankruptcy
petition against the Borrower. Each Holder shall, from time to time, execute such documents as any Servicer shall reasonably require
to evidence such assignment with respect to the rights described in clause (iii) of the first sentence in this Section 13(a).

 

(b)       The
Lead Servicer and the related Trustee shall not have any fiduciary duty to the Non-Lead Note Holders in connection with the administration
of the Mortgage Loan (but the foregoing shall not relieve the Lead Servicer and the related Trustee from their respective obligation
under the Servicing Agreement to make any disbursement of funds as set forth herein).

 

(c)       The
Holders hereby acknowledge and agree that the Servicing Agreement shall provide that, subject to the satisfaction of the conditions
set forth in the next sentence, upon the Mortgage Loan becoming a Defaulted Mortgage Loan, if the Special Servicer determines to
sell the Defaulted Mortgage Loan (or the Lead Note), it will be required to sell the entire Defaulted Mortgage Loan as a single
whole loan (i.e., both the Lead Note and Non-Lead Notes). Any such sale of the entire Defaulted Mortgage Loan is subject to the
satisfaction of the following:

 

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(i)             Each
Non-Lead Note Holder has provided written consent to such sale; or

 

(ii)            The
Special Servicer has delivered the following notices and information to each Non-Lead Note Holder:

 

(1)       at
least 15 Business Days prior written notice of any decision to attempt to sell the Defaulted Mortgage Loan;

 

(2)       at
least 10 days prior to the proposed sale date, a copy of each bid package (together with any material amendments to such bid packages)
received by the Special Servicer in connection with any such proposed sale;

 

(3)       at
least 10 days prior to the proposed sale date, a copy of the most recent Appraisal for the Mortgage Loan, and any documents in
the Servicing File requested by a Non-Lead Note Holder; and

 

(4)       until
the sale is completed and a reasonable period of time (but no less time than is afforded to other offerors and the Directing Holder)
prior to the proposed sale date, all information and other documents being provided to other offerors and all leases or other documents
that are approved by the Master Servicer or the Special Servicer in connection with the proposed sale.

 

Any Non-Lead Note Holder
may waive any delivery or timing requirements set forth above only for itself. Subject to the foregoing, each of the Lead Note
Holder, the Directing Holder, the Non-Lead Note Holders and the Non-Directing Holders shall be permitted to submit an offer at
any sale of the Defaulted Mortgage Loan (unless such Person is a Borrower or a Borrower Party Affiliate).

 

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

 

(d)           Notwithstanding
anything to the contrary contained herein, the exercise by the Servicer on behalf of the Holders of its rights under this Section 13
shall be subject in all respects to any section of the Servicing Agreement governing REMIC administration, and in no event shall
the Servicer be permitted to take any action or refrain from taking any action if taking or failing to take such action, as the
case may be, would violate the laws of any applicable jurisdiction, breach the Mortgage Loan Documents or be inconsistent with
the Servicing

 

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Standard or violate any other provisions of the Servicing Agreement or violate the REMIC provisions of the Code or
any regulations promulgated thereunder, including, without limitation, the provisions of Section 2(f) of this Agreement.

 

14.       Rights
of the Directing Holder.  (a) In addition to any other rights and powers described herein, the Directing Holder
shall also have rights and powers in respect of the Mortgage Loan that are the same as those provided to the “Directing
Certificateholder,” “Controlling Class Representative” or similar party under, and as defined in, the Servicing
Agreement with respect to mortgage loans other than the Mortgage Loan (without regard to any provisions in the Servicing Agreement
terminating such rights upon the occurrence of a control or consultation termination event) as if such provisions of the Servicing
Agreement were set forth herein in full. In addition, the Directing Holder shall be entitled to advise (1) the Special Servicer
with respect to all matters related to a Specially Serviced Mortgage Loan and (2) the Special Servicer with respect to all
matters for which the Master Servicer must obtain the consent or deemed consent of the Special Servicer, and, except as set forth
below (i) the Master Servicer shall not be permitted to take any Major Action unless it has obtained the prior written consent
of the Special Servicer and (ii) the Special Servicer shall not be permitted to consent to the Master Servicer’s taking
any Major Action nor will the Special Servicer itself be permitted to take any Major Action as to which the Directing Holder has
objected in writing within ten (10) Business Days (or 30 days with respect to an Acceptable Insurance Default) after receipt of
the written recommendation and analysis and such additional information requested by the Directing Holder as may be necessary
in the reasonable judgment of the Directing Holder in order to make a judgment with respect to such Major Action. The Directing
Holder may also direct the Special Servicer to take, or to refrain from taking, such other actions with respect to the Mortgage
Loan as the Directing Holder may deem advisable, subject to the terms of the Servicing Agreement.

 

(b)       If
the Directing Holder fails to notify the Special Servicer of its approval or disapproval of any proposed Major Action within ten
(10) Business Days (or 30 days with respect to an Acceptable Insurance Default) after delivery to the Directing Holder by the applicable
Servicer of written notice of a proposed Major Action together with any information requested by the Directing Holder as may be
necessary in the reasonable judgment of the Directing Holder in order to make a judgment, then upon the expiration of such ten
(10) Business Day (or 30 days with respect to an Acceptable Insurance Default) period, such Major Action shall be deemed to have
been approved by the Directing Holder.

 

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

 

(d)       No
objection, direction or advice contemplated by the preceding paragraphs may require or cause the Master Servicer or the Special
Servicer, as applicable, to violate any provision of the Mortgage Loan Documents, applicable law, the Servicing

 

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Agreement, this
Agreement, the REMIC provisions of the Code or the Master Servicer or Special Servicer’s obligation to act in accordance
with the Servicing Standard or expose the Master Servicer or the Special Servicer to liability, or materially expand the scope
of the Master Servicer’s or the Special Servicer’s responsibilities under the Servicing Agreement.

 

(e)       The
Directing Holder shall have no liability to the other Holders or any other Person for any action taken, or for refraining from
the taking of any action or the giving of any consent or the failure to give any consent pursuant to this Agreement or the Servicing
Agreement, or errors in judgment, absent any loss, liability or expense incurred by reason of its willful misfeasance, bad faith
or gross negligence. The Holders agree that the Directing Holder may take or refrain from taking actions, or give or refrain from
giving consents, that favor the interests of one Holder over the other Holder, and that the Directing Holder may have special relationships
and interests that conflict with the interests of another Holder and, absent willful misfeasance, bad faith or gross negligence
on the part of the Directing Holder agree to take no action against the Directing Holder or any of its officers, directors, employees,
principals or agents as a result of such special relationships or interests, and that the Directing Holder will not be deemed to
have been grossly negligent or reckless, or to have acted in bad faith or engaged in willful misfeasance or to have recklessly
disregarded any exercise of its rights by reason of its having acted or refrained from acting, or having given any consent or having
failed to give any consent, solely in the interests of any Holder.

 

15.       Appointment
of Special Servicer.  Subject to the terms of the Servicing Agreement, the Directing Holder shall have the right
at any time and from time to time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage
Loan and appoint a Qualified Servicer as the replacement Special Servicer in lieu thereof. The Directing Holder shall designate
a Person to serve as Special Servicer by delivering to the other Holders (including, to the extent a Note is included in a Securitization,
the parties to the related PSA) a written notice stating such designation and by satisfying the other conditions required under
the Servicing Agreement (including, without limitation, a Rating Agency Confirmation, if required by the terms of the Servicing
Agreement), if any.

 

16.       Rights
of the Non-Directing Holders.  (a) The Lead Securitization PSA shall provide that the Servicer shall be required:

 

(i)        to
provide copies of the same notices, information and reports that it is required to provide to the Directing Holder pursuant to
the Servicing Agreement with respect to any Major Actions or the implementation of any recommended actions outlined in an Asset
Status Report relating to the Mortgage Loan to the Non-Directing Holders, within the same time frame as specified with respect
to the Directing Holder (but without regard to whether or not the Directing Holder actually has lost any rights to receive such
information as a result of a Consultation Termination Event), provided, however, that if a Note has been included
in a Securitization transaction, then for any information for which the Special Servicer would be required to provide to such Non-Directing
Holder, the Special Servicer shall provide such notice to the master servicer of the other Securitization transaction, who shall
forward such notice as and when required under the terms of the related Securitization documents; and

 

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(ii)       to
consult with each Non-Directing Holder on a strictly non-binding basis, if, having received such notices, information and reports,
such Non-Directing Holder requests consultation with respect to any such Major Action or the implementation of any recommended
actions outlined in an Asset Status Report relating to the Mortgage Loan, and consider alternative actions recommended by such
Non-Directing Holder; provided that after the expiration of a period of ten (10) Business Days from the delivery to each
Non-Directing Holder of written notice of a proposed action, together with copies of the notice, information and report required
to be provided to the Directing Holder, the Servicer shall no longer be obligated to consult with the Non-Directing Holders, whether
or not the Non-Directing Holders have responded within such ten (10) Business Day period (unless the Servicer proposes a new course
of action that is materially different from the action previously proposed, in which case such ten (10) Business Day period shall
begin anew from the date of such proposal and delivery of all information relating thereto).

 

(b)       Notwithstanding
the foregoing non-binding consultation rights of the Non-Directing Holders, the Servicer may take any Major Action or any action
set forth in the Asset Status Report before the expiration of the aforementioned ten (10) Business Day period if the Servicer determines
that immediate action with respect thereto is necessary to protect the interests of the Holders.

 

(c)       In
addition to the foregoing non-binding consultation rights, the Non-Directing Holders shall have the right to annual conference
calls with the Master Servicer or the Special Servicer upon reasonable notice and at times reasonably acceptable to the Master
Servicer or the Special Servicer, as applicable, in which servicing issues related to the Mortgage Loan are discussed.

 

(d)       In
no event shall the Servicer be obligated at any time to follow or take any alternative actions recommended by any of the Non-Directing
Holders.

 

(e)       Any
Non-Directing Holder that is a Borrower or a Borrower Party Affiliate shall not be entitled to any of the rights set forth in this
Section 16.

 

17.       Advances;
Reimbursement of Advances.  (a)  From time to time, (i) pursuant to terms of the Servicing Agreement,
the Lead Servicer and/or the related Trustee may be obligated to make (1) Property Advances with respect to the Mortgage
Loan or the Mortgaged Property and (2) P&I Advances with respect to the Lead Note (and any Non-Lead Note that is included
in the Lead Securitization) and (ii) pursuant to the terms of a Non-Lead Servicing Agreement, the related Non-Lead Master
Servicer and/or the related Trustee may be obligated to make P&I Advances with respect to the related Non-Lead Note. The Lead
Servicer and/or the related Trustee will not be required to make any P&I Advance with respect to any Non-Lead Note that is
not included in the Lead Securitization and the related Non-Lead Master Servicer and/or the related Trustee will not be required
to make any P&I Advance with respect to any Lead Note, any Non-Lead Note not included in the related Securitization or any
Property Advance. The Lead Servicer, each Non-Lead Master Servicer and any Trustee will be entitled to interest on any Advance
made in the manner and from the sources provided in the Note A-1 PSA, the C5 PSA or the Note A-4 PSA, as applicable.

 

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(b)       The
Lead Servicer and the related Trustee, as applicable, will be entitled to reimbursement for a Property Advance, first from
the Collection Account established with respect to the Mortgage Loan, and then, if such Property Advance is a Nonrecoverable
Advance, if such funds on deposit in the Collection Account are insufficient, from general collections of the Lead Securitization
as provided in the Servicing Agreement.

 

(c)       To
the extent amounts on deposit in the Collection Account with respect to the Mortgage Loan are insufficient to reimburse the Lead
Servicer for any Property Advance and/or interest thereon and the Lead Servicer or the related Trustee, as applicable, obtains
funds from general collections of the Lead Securitization as a reimbursement for a Property Advance or interest thereon, each Non-Lead
Note Holder (including any Securitization into which any Non-Lead Note is deposited) shall be required to, promptly following notice
from the Lead Servicer, pay to the Lead Securitization for its pro rata share of such Property Advance and/or interest thereon
at the Reimbursement Rate. In addition, each Non-Lead Note Holder (including any Securitization into which any Non-Lead Note is
deposited) shall promptly reimburse the Lead Servicer or the related Trustee for such Non-Lead Note Holder’s pro rata
share of any fees, costs or expenses incurred in connection with the servicing and administration of the Mortgage Loan as to which
the Lead Securitization or any of the parties thereto are entitled to be reimbursed pursuant to the terms of the Servicing Agreement
(to the extent amounts on deposit in the Collection Account with respect to the Mortgage Loan are insufficient for reimbursement
of such amounts).

 

(d)       The
parties to each PSA shall each be entitled to make their own recoverability determination with respect to a P&I Advance based
on the information that they have on hand and in accordance with such PSA.

 

(e)       If
the Lead Servicer or the related Trustee elects to defer the reimbursement of a Property Advance in accordance with the terms of
the Servicing Agreement, the Lead Servicer or the related Trustee shall also defer its reimbursement of each Non-Lead Note’s
share from the Non-Lead Note Holders.

 

18.       Provisions
Relating to Securitization.

 

(a) New Notes.
For so long as a Note is not included in a Securitization, the Holder of such Note (the “Resizing Holder”) shall
have the right, subject to the terms of the Mortgage Loan Documents, to cause the Borrower to execute amended and restated notes
(“Amended Notes”) or additional notes (“New Notes”) reallocating the principal of the Note
or Notes that it owns (but in no case any Note that it does not then own) among Amended Notes and New Notes or severing a Note
into one or more further “component” notes in the aggregate principal amount equal to the then outstanding principal
balance of the Note or Notes being amended or created, provided that (i) the aggregate principal balance of the Amended
Notes and New Notes following such amendments is no greater than the principal balance of the Amended Notes and New Notes prior
to such amendments, (ii) all New Notes continue to have the same interest rate as the Amended Note of which it was a part prior
to such amendments, (iii) all New Notes pay pro rata and on a pari passu basis with the Amended Notes and such reallocated
or component notes shall be automatically subject to the terms of this Agreement and (iv) the Resizing Holder holding the New Notes
shall notify each other Holder, as applicable, and, if any

 

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other Note has been included in a securitization, the parties under
each applicable PSA, in writing (which may be by email) of such modified allocations and principal amounts. In connection with
the foregoing, (1) the Master Servicer is hereby authorized to execute amendments to the Loan Agreement and this Agreement (or
to amend and restate the Loan Agreement and this Agreement) on behalf of any or all of the Holders solely for the purpose of reflecting
such reallocation of principal or such severing of a Note, (2) if a Note is severed into “component” notes, such component
notes shall each have their same rights as the respective original Note and (3) the definition of the term “Securitization”
and all of the related defined terms may be amended (and new terms added, as necessary) to reflect the New Notes. Neither Rating
Agency Confirmation nor approval of the Directing Holder shall be required for any amendments to this Agreement required to facilitate
the terms of this Section 18(a). The Resizing Holder whose Note is being reallocated or split pursuant to this Section
18(a) shall reimburse the other Holders for all costs and expenses incurred by the other Holders in connection with the reallocation
or split.

 

(b)       Each
Non-Lead Note Holder agrees that it shall cause the Non-Lead Servicing Agreement to provide as follows:

 

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

 

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

 

(iii)      in
the event such Non-Lead Note Holder is responsible for its proportionate share of any Nonrecoverable Advances (or any other portion
of a Nonrecoverable Advance) (and advance interest thereon) or other fee or expense pursuant to Section 17 and funds received
with respect to such Non-Lead Note are insufficient to cover such amounts, (x) the related master servicer will be required to
pay the Master Servicer, Special Servicer or Trustee under the Servicing Agreement, as applicable, out of general funds in the
collection account (or equivalent account) established under the related Non-Lead Servicing Agreement and (y) if the Lead Servicing
Agreement permits the Master Servicer, Special Servicer or Trustee under the Servicing Agreement to pay itself from the Lead Securitization
Trust’s general account then the master servicer under the related Non-Lead Servicing Agreement will be required to reimburse
the Lead Securitization Trust out of general funds in the collection account (or equivalent account) established under the related
Non-Lead Servicing Agreement;

 

(iv)      each
of the Master Servicer and the Special Servicer shall be indemnified (as and to the same extent the Lead Securitization Trust is
required to indemnify each such party) against any claims, losses, penalties, fines, forfeitures, legal fees and related costs,
judgments and any other costs, liabilities, fees and expenses, incurred in connection

 

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with any PSA that relate solely to its servicing
of the Mortgage Loan, as applicable, and the master servicer under the related Non-Lead Servicing Agreement will be required to
reimburse the Master Servicer, Special Servicer or Trustee under the Servicing Agreement, as applicable, out of general funds in
the collection account (or equivalent account) established under the related Non-Lead Servicing Agreement;

 

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

 

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

 

(c)       Notice
to Parties to the Lead Securitization PSA.

 

(i)        The
Note A-1 Holder shall provide the C5 Depositor, the C5 Master Servicer and the C5 Special Servicer (provided such party
is not also a party to the Note A-1 PSA) notice of the Note A-1 Securitization in writing (which may be by email) prior to or promptly
following the Note A-1 Securitization Date. Such notice shall contain contact information for each of the parties to the Note A-1
PSA and the identity of the Controlling Class Representative under such Note A-1 PSA. In addition, after the Note A-1 Securitization
Date, the Note A-1 Holder shall send a copy of the Note A-1 PSA to the C5 Depositor, the C5 Master Servicer, and the C5 Special
Servicer (provided such party is not also a party to the Note A-1 PSA).

 

(ii)       If
Note A-4 is not securitized together with Note A-1, the Note A-4 Holder shall provide the Depositor, the Servicer, and the Special
Servicer under the Lead Securitization PSA (as of the date of the Note A-4 Securitization) (provided such party is not also
a party to the Note A-4 PSA) notice of the Note A-4 Securitization in writing (which may be by email) prior to or promptly following
the Note A-4 Securitization Date. Such notice shall contain contact information for each of the parties to the Note A-4 PSA and
the identity of the Controlling Class Representative under such Note A-4 PSA. In addition, after the Note A-4 Securitization Date,
the Note A-4 Holder shall send

 

    -28-

     

    

 

a copy of the Note A-4 PSA to the Depositor, the Servicer, and the Special Servicer under the Lead
Securitization PSA (as of the Note A-4 Securitization Date) (provided such party is not also a party to the Note A-4 PSA).

 

(d)      The
Lead Securitization PSA shall:

 

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

 

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

 

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

 

(iv)      provide
that the Master Servicer agrees to make available to each master servicer under a Non-Lead Servicing Agreement the CREFC®
Investor Reporting Package® pursuant to the terms of the Servicing Agreement on a monthly basis on the applicable
Master Servicer Remittance Date;

 

(v)       provide
that the Master Servicer, any primary servicer, the Special Servicer and the Trustee for the Lead Securitization, certificate administrator
or other party acting as custodian for the Lead Securitization shall be required to deliver (and shall be required to cause each
other servicer and servicing function participant (within the meaning of Items 1123 and 1122, respectively, of Regulation AB) retained
or engaged by it to deliver), to the parties to any Non-Lead Servicing Agreement, at its own expense, in a timely manner, the reports,
certifications, compliance statements, accountants’ assessments and attestations, information to be included in reports (including,
without limitation, Form 15G, Form 10K, Form 10D, Form 8K), notices, and other materials specified in each of the other Servicing
Agreements as the parties to each Non-Lead Securitization may require in order to comply with (1) their obligations under the Securities
Act of 1933, as amended, Securities Exchange Act of 1934 (including Rule 15Ga-1), as amended, and Regulation AB, and any other
applicable law and (2) any applicable comment letter from the Commission. Without limiting the generality of the foregoing, each
Lead Note Holder for a Lead Securitization shall provide in a timely manner to the depositor and the Trustee for any prior Securitization
a copy of the Lead Securitization PSA and each Lead Servicer (at the expense of the Lead Note Holder) will be required, upon prior
written request, to provide to the depositor and the Trustee for any prior Securitization any other information required to comply
in a timely manner

 

    -29-

     

    

 

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

 

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

 

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

 

(viii)     provide
that the Non-Lead Note Holders are intended third-party beneficiaries in respect of the rights afforded it under the Servicing
Agreement and each master servicer under a Non-Lead Servicing Agreement will be entitled to enforce the rights of the related Trustee
with respect to such Non-Lead Note under this Agreement and the Servicing Agreement;

 

(ix)       provide
that each master servicer and special servicer under any Non-Lead Servicing Agreement shall be a third-party beneficiary of the
Servicing Agreement with respect to all provisions therein expressly relating to compensation, reimbursement or

 

    -30-

     

    

 

indemnification
of such master servicer or special servicer, as the case may be, and the provisions regarding coordination of Advances;

 

(x)       provide
that it shall not be amended in a manner that materially and adversely affects the rights of the Non-Lead Note Holders without
their consent;

 

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

 

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

 

(xiii)    provide
that “servicer termination events” (or any analogous term under the Servicing Agreement) include customary market termination
events with respect to failure to make advances, failure to remit payments to the Non-Lead Note Holders as required, failure to
deliver (or cause to be delivered) materials or information required in order for the Non-Lead Note Holders or the depositor under
a related Non-Lead Servicing Agreement to timely comply with its obligations under the Securities Exchange Act of 1934, as amended,
the Securities Act of 1933, as amended, or Form SF-3, and for rating agency triggers with respect to any Certificates, subject
to customary grace periods (provided that, in the case of failures related to the securities laws, such grace periods will not
cause a depositor under a Non-Lead Servicing Agreement to fail to comply with the applicable provisions of such securities laws).
Upon the occurrence of such a servicer termination event with respect to the Master Servicer affecting the Non-Lead Note Holder
and the Master Servicer is not otherwise terminated pursuant to the Lead Securitization PSA, the Master Servicer shall be required,
upon the direction of the Non-Lead Note Holder, to appoint a subservicer with respect to the Non-Lead Note. Upon the occurrence
of a servicer termination event with respect to the Special Servicer affecting the Non-Lead Note Holder and the Special Servicer
is not otherwise terminated pursuant to the Lead Securitization PSA, the Trustee shall, upon direction of the Non-Lead Note Holder,
terminate the Special Servicer with respect to, but only with respect to, the Mortgage Loan; and

 

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

 

    -31-

     

    

 

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

 

19.       Governing
Law; Waiver of Jury Trial.  THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS
AGREEMENT, THE RELATIONSHIP OF THE PARTIES TO THIS AGREEMENT, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND DUTIES
OF THE PARTIES TO THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS OF THE
STATE OF NEW YORK, WITHOUT REGARD TO THE CHOICE OF LAW RULES THEREOF. EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ALL RIGHT
TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT.

 

20.       Modifications.  This
Agreement shall not be modified, cancelled or terminated except by an instrument in writing signed by the parties hereto. Additionally,
from and after a Securitization, except to cure any ambiguity or to correct any error or as set forth in Section 18(a), this Agreement
may not be modified unless a Rating Agency Confirmation has been delivered with respect to each Securitization.

 

21.       Successors
and Assigns; Third Party Beneficiaries.  This Agreement shall inure to the benefit of and be binding upon the parties
hereto and their respective successors and assigns. Each of the Master Servicer, Non-Lead Master Servicer and related Trustee
is an intended third-party beneficiary of this Agreement. Except as provided in Section 5 and the preceding sentence,
none of the provisions of this Agreement shall be for the benefit of or enforceable by any Person not a party hereto.

 

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

 

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

 

24.       Notices.  Unless
stated otherwise, all notices required hereunder shall be given by (i) telephone (confirmed in writing) or shall be in writing
and personally delivered, (ii) sent by facsimile transmission or email if the sender on the same day sends a confirming

 

    -32-

     

    

 

copy
of such notice by reputable overnight delivery service (charges prepaid), (iii) reputable overnight delivery service (charges
prepaid) or (iv) certified United States mail, postage prepaid return receipt requested, and addressed to the respective
parties at their addresses set forth on Exhibit B hereto, or at such other address as any party shall hereafter inform
the other party by written notice given as aforesaid. All written notices so given shall be deemed effective upon receipt.

 

25.       Custody
of Mortgage Loan Documents.  The originals of all of the Mortgage Loan Documents (other than Note A-1 and Note A-4)
will be held by the C5 Trustee (or by a custodian on its behalf) under the terms of the C5 PSA on behalf of all of the Holders
until the Note A-1 Securitization Date, at which time the originals of all of the Mortgage Loan Documents (excluding Note A-2
and Note A-3 but including Note A-1 and, if securitized in the same transaction, Note A-4) will be transferred to and held by
the Note A-1 Trustee (or by a custodian on its behalf) on behalf of all of the Holders.

 

[NO FURTHER TEXT ON THIS PAGE]

 

    -33-

     

    

 

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

 

	 	Note A-1 Holder:
	 		 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH
	 	 	 
	 	By:	/s/ Matt Smith
	 	 	Name:	 Matt Smith
	 	 	Title:	 Director
	 	 	 
	 	By:	/s/ Natalie Grainger
	 	 	Name:	 Natalie Grainger
	 	 	Title:	 Director

 

	 	Note A-2 Holder:
	 		 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH
	 	 	 
	 	By:	/s/ Matt Smith
	 	 	Name:	 Matt Smith
	 	 	Title:	 Director
	 	 	 
	 	By:	/s/ Natalie Grainger
	 	 	Name:	 Natalie Grainger
	 	 	Title:	 Director

 

JPMDB
2017-C5 – Signature Page to Uovo Art Storage Co-Lender Agreement

 

 

    

     

    

 

	 	Note A-3 Holder:
	 		 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH
	 	 	 
	 	By:	/s/ Matt Smith
	 	 	Name:	 Matt Smith
	 	 	Title:	 Director
	 	 	 
	 	By:	/s/ Natalie Grainger
	 	 	Name:	 Natalie Grainger
	 	 	Title:	 Director

 

	 	Note A-4 Holder:
	 		 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH
	 	 	 
	 	By:	/s/ Matt Smith
	 	 	Name:	 Matt Smith
	 	 	Title:	 Director
	 	 	 
	 	By:	/s/ Natalie Grainger
	 	 	Name:	 Natalie Grainger
	 	 	Title:	 Director

 

JPMDB
2017-C5 – Signature Page to Uovo Art Storage Co-Lender Agreement

 

    

     

    

EXHIBIT A

 

MORTGAGE LOAN SCHEDULE

 

A.       Description of Mortgage
Loan

 

	Borrower:	QPN 1 DE LLC and QPN 10 DE LLC
	Mortgage Loan Origination Date:  	February 2, 2017
	Initial Principal Amount of Mortgage Loan:	$87,000,000
	Location of Mortgaged Property:	
        41-45 21st Street and 41-54 22nd Street

        Long Island City, Queens, New York 11101

	Current Use of Mortgaged Property:	Self Storage – Art Storage
	Mortgage Interest Rate:	4.735%
	Maturity Date:	February 6, 2027

 

    A-1

     

    

 

B.       Description of Notes

 

	Mortgage Loan Origination Date:	February 2, 2017
	Initial Note A-1 Principal Balance:	$40,000,000
	Initial Note A-2 Principal Balance:	$22,000,000
	Initial Note A-3 Principal Balance:	$15,000,000
	Initial Note A-4 Principal Balance:	$10,000,000
	Initial Note A-1 Percentage Interest	45.98%
	Initial Note A-2 Percentage Interest	25.29%
	Initial Note A-3 Percentage Interest	17.24%
	Initial Note A-4 Percentage Interest	11.49%
	Note A-1 Interest Rate:	4.735%
	Note A-2 Interest Rate:	4.735%
	Note A-3 Interest Rate:	4.735%
	Note A-4 Interest Rate:	4.735%
	Note A-1 Default Interest Rate:	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-1 Interest Rate
	Note A-2 Default Interest Rate:	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-2 Interest Rate
	Note A-3 Default Interest Rate:	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-3 Interest Rate
	Note A-4 Default Interest Rate:	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-4 Interest Rate

    A-2

     

    

 

EXHIBIT B

 

Note A-1 Holder, Note A-2 Holder, Note A-3 Holder and Note A-4
Holder:

 

Deutsche Bank AG, New York Branch

60 Wall Street

New York, New York 10005

Attention: Robert Pettinato

Telecopier: (212) 797-4488

E-Mail: Robert.pettinato@db.com

 

with a copy to:

 

Deutsche Bank AG, New York Branch

60 Wall Street

New York, New York 10005

Attention: General Counsel

 

    B-1

     

    

 

EXHIBIT C

 

PERMITTED FUND MANAGERS

 

Westbrook Partners

iStar Financial Inc. 

Capital Trust

Archon Capital, L.P. 

Whitehall Street Real Estate Fund, L.P.

The Blackstone Group 

Normandy Real Estate Partners 

Dune Real Estate Partners 

AllianceBernstein

Rockwood 

RREEF Funds 

Hudson Advisors 

Artemis Real Estate Partners 

Apollo Real Estate Advisors 

Colony Capital, Inc. 

Praedium Group

Fortress Investment Group, LLC 

Lonestar Opportunity Funds 

Clarion Partners 

Walton Street Capital, LLC

Starwood Financial Trust 

BlackRock, Inc. 

Eightfold Real Estate Capital, L.P.

KKR Real Estate Manager Finance LLC

 

    C-1

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