Document:

Exhibit 4.10

 

 

EXECUTION VERSION

	 

  

CO-LENDER AGREEMENT

 

Dated as of July 13, 2017

 

by and between

 

Column
Financial, Inc.

(Initial Note A-1 Holder),

 

Column
Financial, Inc.

(Initial Note A-2 Holder),

 

Column
Financial, Inc.

(Initial Note A-3-A Holder),

 

Column
Financial, Inc.

(Initial Note A-3-B Holder)

 

and

 

Column
Financial, Inc.

(Initial Note B Holder)

 

 

 

Commercial Mortgage Loan in the Principal
Amount of $225,700,000

Secured by One Office Building 

	 

 

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THIS CO-LENDER AGREEMENT
(this “Agreement”) is dated as of July 13, 2017, between Column Financial,
Inc. (“COLUMN”, in its capacity as initial owner of Note A-1, the “Initial Note A-1 Holder”),
Column (in its capacity as initial owner of Note A-2, the “Initial Note
A-2 Holder”) , Column (in its capacity as initial owner of Note A-3-A,
the “Initial Note A-3-A Holder”) , Column (in its capacity as
initial owner of Note A-3-B, the “Initial Note A-3-B Holder”) and Column
(in its capacity as initial owner of Note B , the “Initial Note B Holder” and, together with the Initial Note
A-1 Holder, the Initial Note A-2 Holder, the Initial Note A-3-A Holder and the Initial Note A-3-B Holder, the “Initial
Note Holders”).

 

W I T N E S S E T H:

 

WHEREAS, pursuant to
the Mortgage Loan Agreement (as defined herein), Column originated a certain loan (the “Mortgage Loan”) described
on the schedule attached as Exhibit A (the “Mortgage Loan Schedule”) to the mortgage loan borrower described
on the Mortgage Loan Schedule (together with its successors and permitted assigns, the “Mortgage Loan Borrower”),
in the original aggregate principal amount of $225,700,000.00, which is evidenced, inter alia, by the following five promissory
notes, each dated as of July 5, 2017:

 

(a) 
that certain Promissory Note A-1 evidencing a senior interest in the Mortgage Loan in the original principal amount of $64,000,000.00
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-1”),

 

(b) 
that certain Promissory Note A-2 evidencing a senior interest in the Mortgage Loan in the original principal amount of $30,000,000.00
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-2”),

 

(c) that
certain Promissory Note A-3-A evidencing a senior interest in the Mortgage Loan in the original principal amount of $45,000,000.00
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-3-A”),

 

(d) that
certain Promissory Note A-3-B evidencing a senior interest in the Mortgage Loan in the original principal amount of $25,000,000.00
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-3-B”), and

 

(e) that
certain Promissory Note B evidencing a junior interest in the Mortgage Loan in the original principal amount of $61,700,000.00
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note B” and, together
with Note A-1, Note A-2, Note A-3-A and Note A-3-B, the “Notes”);

 

WHEREAS, payment of the
Notes is secured by, among other things, a Mortgage (as defined in the Mortgage Loan Agreement), dated as of July 5, 2017 (as amended,
supplemented or modified, the “Mortgage”), encumbering the Mortgage Loan Borrower’s fee simple and/or
leasehold interests in one office property (together with all improvements and fixtures thereon, the “Mortgaged Property”);

 

WHEREAS, with respect
to the Mortgage Loan:

 

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(a)          Column
intends to transfer Note A-1 and Note B to Credit Suisse Commercial Mortgage Securities Corp. (the “Depositor”)
pursuant to a mortgage loan purchase agreement between Column and the Depositor, and the Depositor intends to transfer Note A-1
and Note B to Wells Fargo Bank, National Association, as trustee (together with its permitted successors and assigns, the “Trustee”)
for a securitization (the “Lead Securitization”) involving the issuance of the CSMC Trust 2017-MOON Mortgage
Trust, Commercial Mortgage Pass-Through Certificates pursuant to a trust and servicing agreement, dated as of July 27, 2017 (the
“Lead Securitization Servicing Agreement”), between the Depositor, KeyBank National Association,
as servicer (together with its permitted successors and assigns, the “Master Servicer”), AEGON USA Realty Advisors,
LLC, as special servicer (together with its permitted successors and assigns, the “Special Servicer”), Park
Bridge Lender Services LLC, as operating advisor (in such capacity, together with its permitted successors and assigns, the “Operating
Advisor”), the Trustee and Wells Fargo Bank, National Association, as certificate administrator, paying agent and custodian
and, upon such transfer, the Trustee will become the holder of Note A-1 and Note B;

 

(b)          the
Initial Note A-2 Holder (or a successor Note A-2 Holder) may contribute Note A-2, whether in its current form or as multiple replacement
promissory notes, into one or more securitization transactions;

 

(c)          the
Initial Note A-3-A Holder (or a successor Note A-3-A Holder) may contribute Note A-3-A, whether in its current form or as multiple
replacement promissory notes, into one or more securitization transactions; and

 

(d)          the
Initial Note A-3-B Holder (or a successor Note A-3-B Holder) may contribute Note A-3-B, whether in its current form or as multiple
replacement promissory notes, into one or more securitization transactions.

 

WHEREAS, each Initial
Note Holder desires to memorialize the terms under which they, and their successors and assigns, will hold the Notes.

 

NOW, THEREFORE, in consideration
of the mutual covenants herein contained, 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 not otherwise defined herein shall have the meanings ascribed thereto in the
Mortgage Loan Agreement or the Lead Securitization Servicing Agreement. Except as set forth in Section 4 of this Agreement,
to the extent of any inconsistency between terms defined in this Agreement and the Servicing Agreement, the Servicing 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.

 

“Administrative
Advance” shall have, from and after the Lead Securitization Date, the meaning assigned to such term or any analogous
term in the Servicing Agreement.

 

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

 

“Accepted Servicing
Practices” shall mean:

 

(i) prior
to the Lead Securitization Date, the obligation of the Servicer to service and administer the Mortgage Loan in accordance with
this Agreement, the Notes and the Loan Documents solely in the best interests and for the benefit of the Holders (as a collective
whole), exercising the higher of (x) the same manner in which, and with the same care, skill, prudence and diligence with which
the Servicer services and administers similar mortgage loans for other third party portfolios, and manages and administers REO
Property for other third party portfolios giving due consideration to customary and usual standards of practice of prudent institutional
commercial lenders servicing their own loans and managing REO Properties for their own account and (y) the same care, skill, prudence
and diligence which the Servicer utilizes for loans which the Servicer owns for its own account, in each case, acting in accordance
with applicable law, the terms of this Agreement and the Mortgage Loan Documents and with a view to the maximization of timely
recovery of principal and interest on a net present value basis on the Mortgage Loan, but without regard to:

 

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

 

(B)          the
ownership of any interest in the Mortgage Loan or any certificate issued or to be issued in connection with a Securitization by
the Servicer or any Affiliate of the Servicer;

 

(C)          the
ownership of any junior indebtedness with respect to the Mortgaged Property by the Servicer or any Affiliate of the Servicer;

 

(D)          the
Servicer’s obligation to make Advances as specified herein or otherwise incur servicing expenses with respect to the Mortgage
Loan;

 

(E)          the
Servicer’s right to receive compensation for its services hereunder or with respect to any particular transaction;

 

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(F)          the
ownership, or servicing or management for others, by the Servicer or any sub-servicer, of any other mortgage loans or properties;
or

 

(G)          the
right of the Servicer or any sub-servicer to receive reimbursement of costs; and 

 

(ii) from
and after the Lead Securitization Date, the meaning assigned to the term “Accepted Servicing Practices” or “Servicing
Standard” or any analogous term in the Servicing Agreement.

 

“Action
Notice” shall have the meaning assigned to such term in Section 21(c).

 

“Additional
Servicing Compensation” shall mean any servicing compensation other than Servicing Fees, Special Servicing Fees, Workout
Fees or Liquidation Fees that any Servicer is entitled to retain under the Servicing Agreement.

 

“Advance”
shall mean a Property Advance or a P&I Advance, as the context requires.

 

“Advance Interest
Amount” shall mean the amount of interest accrued and unpaid on any Property Advance pursuant to the terms of the Servicing
Agreement.

 

“Advance Rate”
shall have the meaning ascribed to such term in the Lead Securitization Servicing Agreement.

 

“Affiliate”
shall mean 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. For the purposes of this definition,
“control” when used with respect to any specified Person means the power to direct the management and policies of such
Person, directly or indirectly, whether through the ownership of voting securities, by contract, relation to individuals or otherwise,
and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

 

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

 

“A Notes”
shall mean, collectively, Note A-1, Note A-2, Note A-3-A and Note A-3-B.

 

“Applicable
Interest Rate” shall mean the Note A Interest Rate or the Note B Interest Rate, as the context requires.

 

“Appraisal”
shall mean an appraisal with respect to the Mortgaged Property conducted in accordance with the standards of the Appraisal Institute
by an Appraiser and certified by such Appraiser as having been prepared in accordance with the requirements of the Standards

 

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of
Professional Practice of the Appraisal Institute, the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation
and FIRREA.

 

“Appraisal Reduction
Amount” shall mean:

 

(i) prior
to the Lead Securitization Date, for any Remittance Date as to which an Appraisal Reduction Event has occurred, an amount equal
to the excess, if any, of (a) the sum of (1) the Mortgage Loan Principal Balance as of the immediately preceding Monthly Payment
Date, (2) to the extent not previously advanced by the Servicer or any other Holder as an Advance under Section 9 ,
all accrued and unpaid interest on the Mortgage Loan at a per annum rate equal to the Applicable Interest Rate on each of
the Notes, (3) all unreimbursed Advances, with interest thereon at the Advance Rate in respect of the Mortgage Loan, and (4) all
currently due and unpaid real estate taxes, ground rents and assessments and insurance premiums (less any amounts held in escrow
for such items) and all other amounts (not including any default interest, Penalty Charges, Prepayment Premiums, liquidated damage
amounts or other similar fees or charges) currently due and unpaid with respect to the Mortgage Loan (which taxes, premiums and
other amounts have not been the subject of an Advance by the Servicer), over (b) an amount equal to ninety percent
(90%) of the appraised value of the Mortgaged Property as determined by the most recent Updated Appraisal obtained by the Servicer
(the cost of which shall be advanced by such Servicer as an Advance), minus the dollar amount of any liens on the Mortgaged
Property that are prior to the lien of the Mortgage (other than the liens for any items set forth in the immediately preceding
clause (a)(4) which have been insured or bonded over by Qualified Insurers, plus (without duplication of any amounts
held in escrow deducted in clause (a)(4) above) the aggregate of all reserves, letters of credit and escrows held in
connection with the Mortgage Loan to the extent that such reserves, letters of credit and escrows are permitted to be used by the
Servicer in reduction of the Mortgage Loan); and

 

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

 

“Appraisal Reduction
Event” shall mean:

 

(i) prior
to the Lead Securitization Date, the earliest to occur of any of the following: (a) 60 days after an uncured payment delinquency
(other than a delinquency in respect of the Balloon Payment) occurs in respect of the Mortgage Loan, (b) 90 days after
an uncured delinquency occurs in respect of the Balloon Payment for the Mortgage Loan unless a refinancing is anticipated within
120 days after the Maturity Date of the Mortgage Loan (as evidenced by a written and binding refinancing commitment from an
acceptable lender and reasonably satisfactory in form and substance to the Servicer, and the Controlling Holder, which provides
that such refinancing will occur within 120 days after the Maturity Date), in which case 120 days after such uncured
delinquency, (c) 60 days after a reduction in the Monthly Debt Service Payment Amount or a material adverse economic
change with respect to the terms of the Mortgage Loan has become effective, (d) 60 days after an extension of the Maturity
Date of the Mortgage Loan (except for an extension within the time periods described in clause (b) above), (e) 60
days after a

 

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receiver has been appointed in respect of the Mortgaged Property securing the Mortgage Loan on behalf of the Lender
or any other creditor, (f) immediately after the Mortgage Loan Borrower declares, or becomes the subject of, bankruptcy, insolvency
or similar proceeding, admits in writing the inability to pay its debts as they come due or makes an assignment for the benefit
of creditors unless such action is dismissed within 45 days, or (g) immediately after the Mortgaged Property securing the
Mortgage Loan becomes an REO Property; and

 

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

 

In addition to the foregoing,
the Note B Holder shall have the right, at its sole expense, to require the Special Servicer to order an additional Appraisal of
the Mortgage Loan if an event has occurred at or with regard to the Mortgaged Property that would have a material effect on its
appraised value, and the Special Servicer will be required to use its reasonable best efforts to ensure that such Appraisal is
delivered within 30 days from receipt of the Note B Holder’s written request and to ensure that such Appraisal is prepared
in accordance with MAI standards and on an “as-is” basis by an Appraiser selected by the Special Servicer; provided
that the Special Servicer will not be required to obtain such Appraisal if the Special Servicer determines in accordance with Accepted
Servicing Practices that no events at or with regard to the Mortgaged Property have occurred that would have a material effect
on such appraised value of the Mortgaged Property. Upon receipt of an Appraisal requested by the Note B Holder pursuant to this
definition of “Appraisal Reduction Event” and any other information reasonably requested by the Special Servicer from
the Servicer reasonably required to calculate or recalculate the Appraisal Reduction Amount, the Special Servicer will be required
to determine, in accordance with Accepted Servicing Practices, whether, based on its assessment of such additional Appraisal, any
recalculation of the Appraisal Reduction Amount is warranted and, if so warranted, will be required to recalculate such Appraisal
Reduction Amount based upon such additional Appraisal.

 

“Appraiser”
shall mean an independent appraiser that is a member in good standing of the Appraisal Institute and that is certified or licensed
in the state where the Mortgaged Property is located, and who has a minimum of five (5) years’ experience in the appraisal
of comparable properties in the geographic area in which the Mortgaged Property is located.

 

“Approved Bank”
shall mean a domestic financial institution which (A) prior to a Securitization, has long term unsecured debt obligations of which
are rated not less than “AA” by S&P, “A” by Fitch and “Aa2” by Moody’s or the short-term
obligations of which are rated at least “A-1+” by S&P, “F-1” by Fitch and “P-1” by Moody’s
and (B) after a Securitization, has long term long unsecured debt obligations and/or short term obligations which meet the applicable
rating requirements of the Rating Agencies.

 

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

 

“Balloon Payment”
shall mean, with respect to the Mortgage Loan, the payment of principal due on its stated maturity date.

 

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“Bankruptcy
Code” shall mean the United States Bankruptcy Code (11 U.S.C. Sec. 101 et seq.), or any similar statute, law,
rules, regulations or similar legal requirements of any other applicable jurisdiction, in each case, as amended from time to time
or any successor statute or rule promulgated thereto.

 

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

 

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

 

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

 

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

 

“Closing Date”
shall mean July 6, 2017.

 

“Code”
shall have the meaning assigned to such term in Section 4(h).

 

“Collection
Account” shall mean with respect to the Mortgage Loan, an account in which amounts received in respect of the Mortgage
Loan are segregated (by ledger entries or otherwise) and held for the benefit of the Holders.

 

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

 

“Common Control
Party” shall have the meaning given to such term in the definition of “Affiliate.”

 

“Control Appraisal
Event” shall be deemed to have occurred with respect to Note B, if and so long as (a) (1) the Initial Note B Principal
Balance, minus (2) the sum of (x) any payments of principal (whether as Prepayments or otherwise) allocated to, and received
on, Note B, (y) any Appraisal Reduction Amounts allocated to Note B in accordance with the terms of this Agreement, and
(z) any Realized Losses with respect to the Mortgage Loan to the extent allocated to Note B, is less than (b) twenty-five
percent (25%) of the Initial Note B Principal Balance.

 

“Controlling
Class Representative” shall have the meaning given such term in the Lead Securitization Servicing Agreement.

 

“Controlling
Holder” shall mean, as of any date of determination:

 

(i)             prior
to the Lead Securitization Date,

 

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(x)          the
Note B Holder, unless (x) a Control Appraisal Event has occurred and is continuing with respect to Note B, or
(y) Note B is held by the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party, or

 

(y)          the
Lead Note Holder, if a Control Appraisal Event has occurred and is continuing with respect to Note B, or if Note B is held
by the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party; provided that:

 

(1)          if
a Control Appraisal Event occurs, then for the purposes of determining whether the Control Appraisal Event is continuing, the outstanding
Principal Balance of Note B shall be adjusted (up or down, as applicable) to reflect the then-current Appraisal Reduction Amount,
if any, indicated by any subsequently obtained Appraisal(s);

 

(2)          in
the event that the Note held by the Controlling Holder pursuant to this definition is held by more than one Person, (1) the Holder(s)
of at least a 51% interest therein may act as the Controlling Holder hereunder and (2) any ownership interest held by the Mortgage
Loan Borrower or a Mortgage Loan Borrower Related Party shall be deemed to equal zero for the purposes of determining which owners
can exercise the rights of the Controlling Holder hereunder;

 

(3)          the
Controlling Holder shall be entitled to appoint any Person to act on its behalf in exercising the rights of the Controlling Holder
hereunder and under the Servicing Agreement provided that such appointment is communicated in writing to the Lead Note Holder
and any Servicer acting on its behalf. Such designation shall remain in effect until it is revoked by the Controlling Holder by
a writing delivered to the parties hereto; and

 

(ii) from and
after the Lead Securitization Date, the “Directing Holder” designated under the terms of the Lead Securitization Servicing
Agreement.

 

“Corrected Mortgage
Loan” shall mean:

 

(i) prior
to the Lead Securitization Date, the meaning assigned in the definition herein of “Specially Serviced Mortgage Loan”
and

 

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

 

“Costs”
shall mean all out-of-pocket costs, fees, expenses, Property Advances, interest, payments, losses, liabilities, judgments and/or
causes of action reasonably suffered or

 

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incurred or reasonably paid by a Holder (or any Servicer or other party (including a securitization
trustee) acting on behalf of such Holder) pursuant to or in connection with the enforcement and administration of the Mortgage
Loan, the Mortgage Loan Documents (not including any Servicing Fees, Special Servicing Fees, Workout Fees, Liquidation Fees or
Additional Servicing Compensation), the Mortgaged Property, this Agreement, including, without limitation, attorneys’ fees
and disbursements, taxes, assessments, insurance premiums and other protective advances, except for those resulting from the gross
negligence or willful misconduct of such Holder (or any Servicer or other party (including a securitization trustee) acting on
behalf of such Holder)); provided, however, that none of the following shall be included or deemed to be “Costs”:
(i) the costs and expenses relating to the origination or securitization of any Note, including the payment of any securitization
trustee fee, (ii) the day-to-day customary and usual, ordinary costs of servicing and administering the Mortgage Loan, (iii)
insofar as any Note is an asset of a Securitization Trust and as such to the extent the following amounts are allocable to such
Note under the terms of the related Securitization documents: (a) any fees, costs or expenses related to the reporting and compliance
with the REMIC Provisions or any provisions of the Code relating to the creation or administration of a grantor trust relating
to a Securitization Trust, including the determination related to the amount, payment or avoidance of any REMIC or grantor trust
tax on a Securitization Trust or its assets or transactions, (b) any fees, costs or expenses incurred in connection with any audit
or any review of the related Securitization Trust or its assets or transactions by the Internal Revenue Service or other governmental
authority, (c) any REMIC or grantor trust taxes imposed on the related Securitization Trust or its assets or transactions,
or (d) any advance made by a party to related Securitization in respect of a delinquent payment of the Monthly Debt Service Payment
Amount on such Note or any interest accrued on such advance.

 

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

 

“Default”
shall mean a “Default” as defined in the Mortgage Loan Agreement.

 

“Defaulted Mortgage
Loan Purchase Price” shall mean the sum of the following, without duplication, the sum of (i) the Note A Principal Balance
and the Note B Principal Balance (each as of the date of purchase), (ii) accrued and unpaid interest on the Note A Principal Balance
at the Note A Interest Rate and the Note B Principal Balance at the Note B Interest Rate, up to (but excluding) the date of purchase
and if such date of purchase is not a Monthly Payment Date, up to (but excluding) the Monthly Payment Date next succeeding the
date of purchase, provided that payment is made in good funds by 3:00 p.m. New York local time, (iii) any Property Advances
that have not been reimbursed from collections on the Mortgage Loan and the related Advance Interest Amount, (iv) any interest
accrued on any P&I Advance made on any A Note or B Note by a party to the Lead Securitization Servicing Agreement or a Non-Lead
Servicing Agreement at the rate specified in the related servicing agreement; (v) any accrued and unpaid Servicing Fees, Special
Servicing Fees, Workout Fees, Liquidation Fees and Additional Servicing Compensation, and (vi) any unreimbursed Costs incurred
by any Note A Holder or B Note Holder or any party acting on such Holder’s behalf (which are not included in the preceding
clauses of this paragraph).

 

Subject
to the terms of Section 20(h) of this Agreement, the Defaulted Mortgage Loan Purchase Price, in the context of the initial
offer for sale of REO Property or a Specially Serviced Mortgage Loan (to a party other than the Note B Holder) pursuant to the
terms of Section

 

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20(g) of this Agreement, shall, in addition to the amounts specified in the preceding paragraph, include
the sum of (i) the Note B Principal Balance (as of the date of purchase), (ii) the accrued and unpaid interest on the Note B Principal
Balance at the Note B Interest Rate, up to (but excluding) the date of purchase and if such date of purchase is not a Monthly Payment
Date, up to (but excluding) the Monthly Payment Date next succeeding the date of purchase, provided that payment is made
in good funds by 3:00 p.m. New York local time, (iii) any unreimbursed Property Advances made by the Note B Holder and the
related Advance Interest Amount, (iv) any interest accrued on any P&I Advance made by a party to the Lead Securitization Servicing
Agreement in respect of Note B at the rate specified in the Lead Securitization Servicing Agreement; and (v) any
unreimbursed Costs incurred by the Note B Holder or any party acting on its behalf (which are not included in the preceding paragraph
or the preceding clauses in this paragraph).

 

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

 

“Directing Holder”
shall have the meaning set forth in Section 21(a).

 

“Eligibility
Requirements” shall mean, with respect to any Person, that such Person has at least $200,000,000 in capital/statutory
surplus or shareholders’ equity (except with respect to a pension advisory firm or similar fiduciary) and at least $600,000,000
in total assets (in name or under management), and is regularly engaged in the business of making or owning commercial real estate
loans (or interests therein), mezzanine loans (or interests therein) or commercial loans (or interests therein) similar to the
Mortgage Loan.

 

“Environmental
Law” shall mean any present or future federal, state or local law, statute, regulation or ordinance, any judicial or
administrative order or judgment thereunder, pertaining to health, industrial hygiene, hazardous substances or the environment,
including, but not limited to, each of the following, as enacted as of the date hereof or as hereafter amended: the Comprehensive
Environmental Response, Compensation and Liability Act of 1980, 42 U.S.C. §§ 9601 et seq.; the Resource Conservation
and Recovery Act of 1976, 42 U.S.C. §§ 6901 et seq.; the Toxic Substance Control Act, 15 U.S.C. §§ 2601
et seq.; the Water Pollution Control Act (also known as the Clean Water Act, 22 U.S.C. §§ 1251 et seq.),
the Clean Air Act, 42 U.S.C. §§ 7401 et seq. and the Hazardous Materials Transportation Act, 49 U.S.C. §§
1801 et seq.

 

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

 

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

 

“Holders”
shall mean, collectively, the Note A Holders and the Note B Holder, or, after any such Note has been securitized, any servicer
or trustee acting on its behalf.

 

“Initial Holder”
shall have the meaning assigned to such term in Section 40(b).

 

“Initial Note
A Holder” shall mean collectively, the Initial Note A-1 Holder, the Initial Note A-2 Holder, the Initial Note A-3-A Holder,
the Initial Note A-3-B Holder.

 

“Initial Note
A-1 Holder” shall mean Column.

 

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

 

“Initial Note
A-2 Holder” shall mean Column.

 

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

 

“Initial Note
A-3-A Holder” shall mean Column.

 

“Initial Note
A-3-A Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

“Initial Note
A-3-B Holder” shall mean Column.

 

“Initial Note
A-3-B Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

“Initial Note
B Holder” shall mean Column.

 

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

 

“Insurance and
Condemnation Proceeds” shall have the meaning assigned to such term or any one or more analogous terms in the Lead Securitization
Servicing Agreement.

 

“Interim Servicer”
shall mean the master servicer (or single servicer) appointed by the Initial Note A-1 Holder under this Agreement and any successor
master servicer (or single servicer) appointed as provided hereunder, which Interim Servicer shall be a Qualified Servicer. The
initial Interim Servicer shall be KeyBank National Association pursuant to the Interim Servicing Agreement.

 

“Interim Servicing
Agreement” shall mean that certain Interim Servicing Agreement, dated as of September 3, 2002, between Column, as owner,
and the Interim Servicer, as servicer, and any replacement servicing entered into with any successor Interim Servicer appointed
by the Note A-1 Holder.

 

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

 

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

 

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

 

“Lead Note”
shall mean Note A-1.

 

“Lead Note Holder”
shall mean the Holder of the Lead Securitization Note or, after the Lead Securitization Date, any Servicer or the Trustee when
acting on such Holder’s behalf.

 

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

 

“Lead Securitization
Trust” shall mean the trust established pursuant to the Lead Securitization Servicing Agreement in connection with the
Lead Securitization.

 

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

 

“Letter of Credit”
shall mean an irrevocable, unconditional, transferable, clean sight draft letter of credit, as the same may be replaced, split,
substituted, modified, amended, supplemented, assigned or otherwise restated from time to time (either an evergreen letter of credit
or a letter of credit which does not expire until at least two (2) Business Days after the Maturity Date of the Mortgage Loan)
in favor of the Note A Holder and entitling the Lead Note Holder to draw thereon, at a domestic location reasonably acceptable
to the Lead Note Holder, based solely on a statement purportedly executed by an officer of the Lead Note Holder stating that it
has the right to draw thereon, and issued by a domestic Approved Bank or the U.S. agency or branch of a foreign Approved Bank.

 

“Liquidation
Fee”:

 

(i) prior to the Lead
Securitization Date, if the Mortgage Loan or the Mortgaged Property is sold or transferred or otherwise liquidated (or a Specially
Serviced Mortgage Loan is sold or liquidated or a final discounted payoff is made), shall mean a fee payable to the Servicer from
Liquidation Proceeds with respect to the Mortgaged Property if the Servicer receives any Liquidation Proceeds with respect thereto,
equal to 50 basis points (0.50%) multiplied by Liquidation Proceeds (net of any Servicing Fees, Special Servicing Fees and reimbursement
of any Advances or interest thereon payable therefrom and legal fees and expenses, Appraisal fees, brokerage fees, and similar
fees and expenses in connection with the maintenance and preservation of the Mortgaged Property) related to the Mortgage Loan or
Mortgaged Property; and

 

(ii) from and after the
Lead Securitization Date, shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

 

The Liquidation Fee shall
be payable to the Special Servicer upon receipt of Liquidation Proceeds; provided, however, that the parties agree
that no Liquidation Fee will be payable in connection with, or out of, Liquidation Proceeds resulting from the purchase of the
Mortgaged Property or the A Notes by the Note B Holder pursuant to the provisions of this Agreement or the Lead Securitization
Servicing Agreement within ninety (90) days after a Triggering Event of Default.

 

“Liquidation
Proceeds”:

 

(i) prior
to the Lead Securitization Date, shall mean the amount (other than insurance proceeds or amounts required to be paid to the Mortgage
Loan Borrower or other Persons pursuant to the Mortgage Loan Documents or applicable law) received in

 

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connection with the liquidation
of the Mortgaged Property or REO Property through a trustee’s sale, foreclosure sale or otherwise or the sale or other liquidation
of the Mortgage Loan, including a final discounted payoff of the Mortgage Loan, and

 

(ii) from
and after the Lead Securitization Date, shall have the meaning assigned to such term in the Servicing Agreement.

 

“Major Decision”:

 

(i) prior to the Lead
Securitization Date shall mean:

 

(a)          any
proposed or actual foreclosure upon or comparable conversion of the ownership of the Mortgaged Property securing the Mortgage Loan;

 

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

 

(c)          any
sale of the Mortgage Loan or any related REO Property for less than the Defaulted Mortgage Loan Purchase Price;

 

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

 

(e)          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 Mortgage Loan and for which there is no material
lender discretion;

 

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

 

(g)          any
property management company changes for which the lender is required to consent or approve under the Mortgage Loan Documents or
franchise changes for which the lender is required to consent or approve under the Mortgage Loan Documents;

 

(h)          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 and for which there is no material lender discretion;

 

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(i)          any
acceptance of an assumption agreement releasing the Mortgage Loan Borrower from liability under the Mortgage Loan and for which
there is no lender discretion;

 

(j)          any
determination of an Acceptable Insurance Default;

 

(k)          the
determination of the Special Servicer pursuant to clause (b) of the definition of “Specially Serviced Loan”;
and

 

(l)          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; and

 

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

 

“Master Servicer”
shall have the meaning set forth in the recitals.

 

“Maturity Date”
shall have the meaning assigned to such term as set forth in the Mortgage Loan Schedule.

 

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

 

“Monthly Payment
Date” shall mean the “Payment Date” set forth in the Mortgage Loan Agreement.

 

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

 

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

 

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

 

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

 

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

 

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“Mortgage Loan
Borrower Related Parties” shall have the meaning assigned such term in Section 19.

 

“Mortgage Loan
Documents” shall mean the Mortgage, the Mortgage Loan Agreement, the Notes and all other documents evidencing or securing
the Mortgage Loan including, without limitation, all guaranties and indemnities, as same may be amended, modified or restated in
accordance with this Agreement.

 

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

 

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

 

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

 

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

 

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

 

“Non-Controlling
Holder” shall mean any Holder that is not the Controlling Holder. In the event that any of the Note A-2, Note A-3-A or
Note A-3-B is an asset of a Securitization, the rights of the Non-Controlling Holder may be exercised by the “directing holder,”
“controlling class representative” or other party designated to exercise such rights pursuant to the terms of the related
Securitization servicing agreement.

 

“Non-Lead A
Note” shall mean each of the Note A-2, Note A-3-A and Note A-3-B, collectively

 

“Non-Lead A
Note Holders” shall mean the Holder or Holders of Note A-2, Note A-3-A or Note A-3-B, collectively.

 

“Non-Lead Securitization”
shall mean the sale by the Holder of Note A-2, Note A-3-A or Note A-3-B of all or a portion of Note A-2, Note A-3-A or Note A-3-B,
respectively, to a depositor that in turn includes such Note as part of a securitization of one or more other mortgage loans.

 

“Non-Lead Securitization
Trust” shall mean the trust established pursuant to a Non-Lead Securitization Servicing Agreement in connection with
a Non-Lead Securitization.

 

“Non-Lead Servicing
Agreement” shall mean any pooling and servicing agreement (or analogous agreement) relating to a Note, other than the
Lead Securitization Servicing Agreement.

 

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“Nonrecoverable
Administrative Advance” shall mean an Administrative Advance that has been determined to be a “nonrecoverable”
in accordance with the terms of the Servicing Agreement.

 

“Nonrecoverable
P&I Advance” shall mean a P&I Advance that has been determined to be a “nonrecoverable” in accordance
with the terms of the Servicing Agreement.

 

“Nonrecoverable
Property Advance” shall mean a Property Advance that has been determined to be a “nonrecoverable” in accordance
with the terms of the Servicing Agreement.

 

“Note”
shall mean any of Note A-1, Note A-2, Note A-3-A, Note A-3-B and Note B, as the context requires.

 

“Note A Holder”
shall mean collectively, the Note A-1 Holder, the Note A-2 Holder, the Note A-3-A Holder and the Note A-3-B Holder.

 

“Note A Interest
Rate” shall mean individually or collectively, as the context may require, the Note A-1 Interest Rate, the Note A-2 Interest
Rate, the Note A-3-A Interest Rate and/or the Note A-3-B Interest Rate.

 

“Note A Percentage
Interest” shall mean individually or collectively, as the context may require, the Note A-1 Percentage Interest, the
Note A-2 Percentage Interest, the Note A-3-A Percentage Interest and/or the Note A-3-B Percentage Interest.

 

“Note A Principal
Balance” shall mean individually or collectively, as the context may require, the Note A-1 Principal Balance, the Note
A-2 Principal Balance, the Note A-3-A Principal Balance and/or the Note A-3-B Principal Balance.

 

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

 

“Note A-1 Default
Interest Rate” shall mean the Note A-1 Default Interest Rate set forth in the Mortgage Loan Schedule.

 

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

 

“Note A-1 Interest
Rate” shall mean the Note A-1 Interest Rate set forth in the Mortgage Loan Schedule.

 

“Note A-1 Percentage
Interest” shall mean, as of any date, the ratio of the Note A-1 Principal Balance to the Mortgage Loan Principal Balance.

 

“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, as previously reduced by payments of principal thereon received by the Note A-1 Holder and any reductions in such
amount pursuant to Section 4(c) and Section 7.

 

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

 

“Note A-2 Default
Interest Rate” shall mean the Note A-2 Default Interest Rate set forth in the Mortgage Loan Schedule.

 

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

 

“Note A-2 Interest
Rate” shall mean the Note A-2 Interest Rate set forth in the Mortgage Loan Schedule.

 

“Note A-2 Percentage
Interest” shall mean, as of any date, the ratio of the Note A-2 Principal Balance to the Mortgage Loan Principal Balance.

 

“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, as previously reduced by payments of principal thereon received by the Note A-2 Holder and any reductions in such
amount pursuant to Section 4(c) and Section 7.

 

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

 

“Note A-3-A
Default Interest Rate” shall mean the Note A-3-A Default Interest Rate set forth in the Mortgage Loan Schedule.

 

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

 

“Note A-3-A
Interest Rate” shall mean the Note A-3-A Interest Rate set forth in the Mortgage Loan Schedule.

 

“Note A-3-A
Percentage Interest” shall mean, as of any date, the ratio of the Note A-3-A Principal Balance to the Mortgage Loan Principal
Balance.

 

“Note A-3-A
Principal Balance” shall mean, at any time of determination, the Initial Note A-3-A Principal Balance as set forth in
the Mortgage Loan Schedule, as previously reduced by payments of principal thereon received by the Note A-3-A Holder and any reductions
in such amount pursuant to Section 4(c) and Section 7.

 

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

 

“Note A-3-B
Default Interest Rate” shall mean the Note A-3-B Default Interest Rate set forth in the Mortgage Loan Schedule.

 

“Note A-3-B
Holder” shall mean the Initial Note A-3-B Holder or any subsequent holder of Note A-3-B.

 

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“Note A-3-B
Interest Rate” shall mean the Note A-3-B Interest Rate set forth in the Mortgage Loan Schedule.

 

“Note A-3-B
Percentage Interest” shall mean, as of any date, the ratio of the Note A-3-B Principal Balance to the Mortgage Loan Principal
Balance.

 

“Note A-3-B
Principal Balance” shall mean, at any time of determination, the Initial Note A-3-B Principal Balance as set forth in
the Mortgage Loan Schedule, as previously reduced by payments of principal thereon received by the Note A-3-B Holder and any reductions
in such amount pursuant to Section 4(c) and Section 7.

 

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

 

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

 

“Note B Holder”
shall mean the Initial Note B Holder or any subsequent holder of Note B.

 

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

 

“Note B Percentage
Interest” shall mean, as of any date, the ratio of the Note B Principal Balance to the Mortgage Loan Principal Balance.

 

“Note B Principal
Balance” shall mean, at any time of determination, the Initial Note B Principal Balance as set forth in the Mortgage
Loan Schedule, as previously reduced by payments of principal thereon received by the Note B Holder and any reductions in such
amount pursuant to Section 4(c) and Section 7.

 

“Note Pledgee”
shall have the meaning assigned to such term in Section 18(d).

 

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

 

“Operating Advisor”
shall have the meaning given such term in the recitals.

 

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

 

“P&I Advance”
shall mean an advance made in respect of a delinquent payment of the Monthly Debt Service Payment Amount on a Note included in
a Securitization by a party to such Securitization (and in accordance with the terms of the related Securitization servicing agreement).

 

“Penalty Charges”
shall mean any amounts actually collected on the Mortgage Loan from the Mortgage Loan Borrower that represent late payment charges,
other than a Prepayment Premium or default interest.

 

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“Percentage
Interest” shall mean, with respect to the A Notes, the Note A Percentage Interest, and with respect to Note B, the Note
B Percentage Interest.

 

“Permitted Fund
Manager” shall mean any Person that on the date of determination is (i) one of the entities listed on Schedule 1
annexed hereto and made a part hereof or any other nationally-recognized manager of investment funds investing in debt or equity
interests relating to commercial real estate, (ii) investing through a fund with committed capital of at least $250,000,000, and
(iii) not subject to a proceeding relating to the bankruptcy, insolvency, reorganization or relief of debtors.

 

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

 

“Pledge”
shall have the meaning assigned to such term in Section 18(d).

 

“Prepayment”
shall mean any payment of principal made by the Mortgage Loan Borrower with respect to the Mortgage Loan which is received in advance
of its scheduled Maturity Date, whether made by reason of a casualty or condemnation, due to the acceleration of the maturity of
the Notes or otherwise.

 

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

 

“Principal Balance”
shall mean with respect to any Note, at any date of determination, the then outstanding principal balance of such Note.

 

“Property Advance”
shall have the meaning assigned to such term (or the analogous 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.

 

“Qualified Institutional
Lender” shall mean the Initial Note A-1 Holder, the Initial Note A-2 Holder, the Initial Note A-3-A Holder, the Initial
Note A-3-B Holder, the Initial Note B Holder and the following:

 

(a)          an
entity Controlled (as defined below) by, or under common Control (as defined below) with, the Initial Note A-1 Holder, the Initial
Note A-2 Holder, the Initial Note A-3-A Holder, the Initial Note A-3-B Holder or the Initial Note B Holder, or

 

(b)          one
or more of the following:

 

(i)          an
insurance company, bank, savings and loan association, investment bank, trust company, commercial credit corporation, pension plan,
pension fund, pension fund

 

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advisory firm, mutual fund, real estate investment trust, governmental entity or plan, in any case,
which satisfies the Eligibility Requirements;

 

(ii)          an
investment company, money management firm or a “qualified institutional buyer” within the meaning of Rule 144A under
the Securities Act of 1933, as amended, or an investment advisor registered under the Investment Advisers Act of 1940 or an institutional
accredited investor under Regulation D, which regularly engages in the business of making or owning investments of types similar
to the Mortgage Loan or the related Note, which satisfies the Eligibility Requirements;

 

(iii)          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, a Note or any interest therein (any of the foregoing, a
“Securitization Vehicle”), provided that (1) one or more classes of securities issued by such Securitization
Vehicle is initially rated at least investment grade by at least two of the Rating Agencies which assigned a rating to one or more
classes of securities issued in connection with a Securitization (it being understood that with respect to any Rating Agency that
assigned such a rating to the securities issued by such Securitization Vehicle, a Rating Agency Confirmation will not be required
in connection with a transfer of such Note or any interest therein to such Securitization Vehicle); (2) the special servicer of
such Securitization Vehicle has a Required Special Servicer Rating (such entity, an “Approved Servicer”) and
such Approved Servicer is required to service and administer such Note or any interest therein in accordance with servicing arrangements
for the assets held by the Securitization Vehicle which require that such Approved Servicer act in accordance with a servicing
standard notwithstanding any contrary direction or instruction from any other Person; or (3) in the case of a Securitization Vehicle
that is a CLO, the CLO Asset Manager and, if applicable, each Intervening Trust Vehicle that is not administered and managed by
a CLO Asset Manager which is a Qualified Institutional Lender, are each a Qualified Institutional Lender under clauses (a),
(b)(i), (b)(ii), (b)(v), (b)(vi) or (c) of this definition;

 

(iv)          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 and provided that at least fifty percent (50%) of the equity interests in such investment vehicle are owned, directly or
indirectly, by one or more entities that are otherwise Qualified Institutional Lenders;

 

(v)          an
institution substantially similar to any of the foregoing in clauses (b)(i), (ii) or (iv), which satisfies
the Eligibility Requirements; or

 

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

 

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(c)          any
entity Controlled (as defined below) by, or under common Control (as defined below) with, any of the entities described in clause (b)
above; or

 

(d)          any
Person for which a Rating Agency Confirmation has been obtained.

 

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

 

“Qualified Servicer”
shall mean:

 

(i) prior to
the Lead Securitization Date, either (x) a mortgage finance institution, insurance company, bank or mortgage servicing institution
(A) organized and doing business under the laws of the United States or any state of the United States or the District of Columbia,
(B) authorized to transact business in the jurisdiction where the Mortgaged Property is located, if and to the extent required
by applicable law to enable such institution to perform its obligations under the Interim Servicing Agreement or, in the event
that such institution is acting as a sub-servicer, under the applicable sub-servicing agreement, and otherwise as contemplated
hereby, and (C) has a rating of “CMS3” in the case of Fitch, is on S&P’s Select Servicer List as a U.S.
Commercial Mortgage Master Servicer in the case of S&P or, in the case of Moody’s, such servicer is acting as servicer
for one or more loans included in a commercial mortgage loan securitization that was rated by Moody’s within the twelve (12)
month period prior to the date of determination, and Moody’s has not downgraded or withdrawn the then-current rating on any
class of commercial mortgage securities or placed any class of commercial mortgage securities on watch citing the continuation
of such servicer as servicer of such commercial mortgage loans, or (y) as to which each of the Rating Agencies shall have
delivered to the Trustee written confirmation to the effect that the service by such entity as Servicer or Special Servicer, as
the case may be, would not, in and of itself, result in a downgrade, qualification or withdrawal of the then current ratings assigned
to the securities issued under the Servicing Agreement, and

 

(ii) from and
after the Lead Securitization Date, shall mean the Master Servicer or the Special Servicer, or, in the event that either the Master
Servicer or Special Servicer is replaced, any replacement selected in accordance with the terms of the Servicing Agreement.

 

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

 

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“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 designated by the Lead Note Holder; provided, however, that at any time during which any
A Note or Note B is an asset of a Securitization, “Rating Agencies” or “Rating Agency” shall mean the rating
agencies that from time to time rate the securities issued in connection with such Securitization (and at the time of determination
continue to do so).

 

“Rating Agency
Confirmation” shall have, at any time that any A Note or Note B is an asset of a Securitization, the meaning assigned
to such term or analogous term in the Servicing Agreement.

 

“Realized Losses”
mean any reduction in the Mortgage Loan Principal Balance that does not result in an accompanying
payment of principal to any of the Holders, which may result from, but is not limited to, one of the following circumstances: (i)
the cancellation or forgiveness of any portion of the Mortgage Loan Principal Balance in connection with a bankruptcy or similar
proceeding or a modification or amendment of the Mortgage Loan granted by the Servicer pursuant to the terms of the Servicing Agreement,
or (ii) a reduction in the Mortgage Interest Rate, the Note A Interest Rate or the Note B Interest Rate in connection with a bankruptcy
or similar proceeding involving the Mortgage Loan Borrower or a modification or amendment of the Mortgage Loan agreed to by the
Servicer in accordance with the terms of the Servicing Agreement, that as a result of the application of Section 7, results
in the application of principal to pay interest to one or more Holders (each such Realized Loss described in this clause (ii)
shall be deemed to have been incurred on the Monthly Payment Date for each affected monthly payment).

 

“Redirection
Notice” shall have the meaning assigned to such term in Section 18(d).

 

“Regulation
AB” shall have the meaning assigned to such term in Section 40(c)(viii).

 

“REMIC”
shall have the meaning assigned to such term in Section 4(h).

 

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

 

“Remittance
Date” shall mean a date that is not later than the first Business Day immediately following each Monthly Payment Date.

 

“REO Proceeds”
shall mean, with respect to any REO Property, all revenues received by the applicable Servicer with respect to such REO Property
or the Mortgage Loan, which do not constitute Liquidation Proceeds.

 

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

 

“Required Special
Servicer Rating” shall mean with respect to a special servicer (i) in the case of Fitch, a rating of “CSS3”,
(ii) in the case of S&P, such special servicer is on S&P’s Select Servicer List as a U.S. Commercial Mortgage Special
Servicer, (iii) in the case of Moody’s, such special servicer is acting as special servicer for one or more loans included
in a commercial mortgage loan securitization that was rated by Moody’s within the twelve (12) month period prior to the date
of determination, and Moody’s has not downgraded or withdrawn the then-current rating on any class of commercial mortgage
securities or placed any class of commercial mortgage securities on watch citing the continuation of such special servicer as special
servicer of such commercial mortgage loans, (iv) in the case of Morningstar, either (a) the special servicer has a special servicer
ranking of at least “MOR CS3” by Morningstar (if ranked by Morningstar) or (b) if not ranked by Morningstar, is currently
acting as a master servicer or special servicer on a deal or transaction-level basis for all or a significant portion of the related
mortgage loans in other CMBS transactions rated by any of S&P, Moody’s, Fitch, DBRS or KBRA, and the Trustee relating
to the Securitization does not have actual knowledge that Morningstar has, with respect to any such other CMBS transaction, qualified,
downgraded or withdrawn its rating or ratings on one or more classes of such CMBS transaction citing servicing concerns of the
applicable replacement as the sole or material factor in such rating action, and (v) in the case of DBRS or KBRA, the applicable
rating agency has not cited servicing concerns of such special servicer as the sole or material factor in any qualification, downgrade
or withdrawal of the ratings (or placement on “watch status” in contemplation of a ratings downgrade or withdrawal)
of securities in a transaction serviced by such special servicer prior to the time of determination. The requirement of any rating
agency that is not a Rating Agency shall be disregarded.

 

“Reserve Collateral”
shall have the meaning assigned such term in Section 21(h).

 

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

 

“Securitization”
shall mean the Lead Securitization and any Non-Lead Securitization, as the context may require.

 

“Securitization
Trust” shall mean the Lead Securitization Trust or any Non-Lead Securitization Trust, as the context requires.

 

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

 

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“Servicer”
shall mean (i) prior to the Lead Securitization Date, the Interim Servicer, and (ii) on and after the Lead Securitization Date,
the Master Servicer and the Special Servicer, as the context may require. Servicer shall also refer to, as the context may require,
any servicer or special servicer engaged in connection with a Non-Lead Securitization.

 

“Servicing Agreement”
shall mean:

 

(i) prior
to the Lead Securitization Date, the Interim Servicing Agreement, and

 

(ii) from
and after the Lead Securitization Date, the Lead Securitization Servicing Agreement.

 

“Servicing Fee”
shall have the meaning assigned to such term in Section 4.

 

“Servicing Fee
Rate” shall mean 0.125 basis points (0.00125%) per annum (which consists solely of the primary servicing fee rate).

 

“Special Servicer”
shall have the meaning set forth in the recitals.

 

“Special Servicing
Fee” shall have the meaning assigned to such term in Section 4.

 

“Special Servicing
Fee Rate” shall mean an amount:

 

(i) prior
to the Lead Securitization Date, so long as the Mortgage Loan is a Specially Serviced Mortgage Loan, an amount equal to the product
of (A) 25 basis points (0.25%) per annum and (B) the Mortgage Loan Principal Balance and

 

(ii) from
and after the Lead Securitization Date, the meaning assigned to such term or analogous term in the applicable Servicing Agreement;
provided that any such Special Servicing Fee Rate shall not exceed 25 basis points (0.25%) per annum with respect
to the Mortgage Loan.

 

“Specially Serviced
Mortgage Loan” shall mean the Mortgage Loan if:

 

(i) prior
to the Lead Securitization Date, any of the following occurs: (a) the Mortgage Loan Borrower fails to make a payment of the Monthly
Debt Service Payment Amount for a period of 60 days after its Monthly Payment Date; (b) in the reasonable business judgment of
the Servicer (with the consent of the applicable Controlling Holder), exercised in accordance with Accepted Servicing Practices,
there is an imminent risk of an Event of Default consisting of a failure to make a payment of the Monthly Debt Service Payment
Amount when due which Event of Default is likely to remain unremedied for a period of 60 days or more; (c) the Servicer has
received notice or has actual knowledge that the Mortgage Loan Borrower has become the subject of any bankruptcy, insolvency or
similar proceeding, admitted in writing its inability to pay its debts as they come due or made an assignment for the benefit of
creditors; (d) the Servicer has received notice of a foreclosure or threatened foreclosure of any lien upon the Mortgaged
Property; (e) except with respect to matters already addressed in clause (a) of this definition, the Servicer has

 

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received
notice or has actual knowledge that the Mortgage Loan Borrower is in Default beyond any applicable notice and/or grace periods
in the performance or observance of any of its obligations under the related Mortgage Loan Documents the failure of which to cure,
in the reasonable business judgment of the Servicer, exercised in accordance with Accepted Servicing Practices, materially and
adversely affects the interests of the Holders; or (f) a failure on the part of the Mortgage Loan Borrower to make the Balloon
Payment as and when the same becomes due and payable.

 

The period
during which the Mortgage Loan is specially serviced shall end and the Mortgage Loan shall be a “Corrected Mortgage Loan”:
(1) with respect to the circumstances described in clause (a) above, when the Mortgage Loan Borrower has paid in full
all payments due under the Mortgage Loan and has made three consecutive full and timely payments of the Monthly Debt Service Payment
Amount under the terms of the Mortgage Loan or, if the Mortgage Loan is “worked out”, when the Mortgage Loan Borrower
has made three consecutive full and timely payments of the Monthly Debt Service Payment Amount under the terms of the Mortgage
Loan as modified in connection with such workout; (2) with respect to the circumstances described in clauses (b), (c)
and (d) above, when such circumstances cease to exist in the good faith judgment of the Servicer, or in the case of clause (b)
above the related Event of Default does not occur within sixty (60) days from the date of such determination; (3) with respect
to the circumstances described in clause (e) above, when the Mortgage Loan Borrower has cured such Default; or (4)
with respect to the circumstances described in clause (f) above, when the Mortgage Loan Borrower has paid in full all
payments due under the Mortgage Loan or, if the Mortgage Loan is “worked out,” when the Mortgage Loan Borrower has
made three consecutive full and timely payments of the Monthly Debt Service Payment Amount under the terms of the Mortgage Loan
as modified in connection with such workout; provided that, in any case, at such time no other circumstance identified in
clauses (a) through (f) above exists that would cause the Mortgage Loan to continue to be characterized as a
Specially Serviced Mortgage Loan; and

 

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

 

“Transfer”
shall have the meaning assigned such term in Section 18.

 

“Triggering
Event of Default” shall mean (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to
pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as to which the Mortgage Loan becomes a Specially
Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (i)(b)
of the definition of Specially Serviced Mortgage Loan)).

 

“Trust Fund
Expenses” shall mean with respect to the Mortgage Loan, any unanticipated expenses and certain other Default related
expenses incurred by any Securitization Trust (including, without limitation, all Property Advances (together with interest thereon
at the Advance Rate) and all P&I Advances (together with interest thereon at the rates specified in the servicing agreement
applicable to each Note) and all additional trust fund expenses, to the extent

 

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not reimbursed by the Mortgage Loan Borrower or
deemed to be a Nonrecoverable Property Advance) and all other amounts (such as indemnification payments) permitted to be retained,
reimbursed or withdrawn by (or remitted to) the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator
or the Operating Advisor from the Collection Account or the Distribution Account pursuant to the Lead Securitization Servicing
Agreement or permitted to be reimbursed to any of the parties to a Non-Lead Servicing Agreement pursuant to the terms thereof.

 

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

 

“Updated Appraisal”
shall mean an Appraisal of the Mortgaged Property or related REO Property conducted subsequent to any Appraisal performed on or
prior to the date of this Agreement by an Appraiser, selected by the applicable Servicer, in accordance with MAI standards, the
costs of which shall be paid as a Property Advance by the Lead Note Holder or applicable Servicer.

 

“Workout Fee”
shall mean:

 

(i) prior
to the Lead Securitization Date, a fee equal to one percent (1.0%) of each collection of interest and principal (including scheduled
payments, prepayments, Balloon Payments and payments at maturity) received on a Corrected Mortgage Loan; and

 

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

 

The Workout Fee shall
be payable out of each collection of interest and principal (including scheduled payments, prepayments, Balloon Payments and payments
at maturity) received on the Mortgage Loan for so long as the Mortgage Loan does not subsequently become a Specially Serviced Mortgage
Loan. The Workout Fee with respect to the Mortgage Loan shall cease to be payable if the Mortgage Loan subsequently becomes a Specially
Serviced Mortgage Loan or if the Mortgaged Property becomes an REO Property; provided that, if the Mortgage Loan thereafter
ceases to be a Specially Serviced Mortgage Loan, a new Workout Fee shall become payable to the applicable Servicer that had responsibility
for servicing the Mortgage Loan at such time.

 

2.          Subordination
of Note B. Note B and the right of the Note B Holder to receive payments with respect to Note B shall, subject to the provisions
of this Agreement, at all times be junior, subject and subordinate to each A Note and the rights of each Note A Holder to receive
payments with respect to its respective A Note.

 

3.          Intentionally
Omitted.

 

4.          Administration
of the Mortgage Loan. (a) From and after the date hereof and prior to the Lead Securitization Date, the Interim Servicer shall
administer and service the Mortgage Loan consistent with the terms of this Agreement, the Interim Servicing Agreement, the Mortgage
Loan Documents, Accepted Servicing Practices and applicable law.

 

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(b)          From
and after the Lead Securitization Date, the administration and servicing of the Mortgage Loan shall be governed by this Agreement
and the Lead Securitization Servicing Agreement; provided that:

 

(i)          except
as expressly provided for in this Agreement, the rights and remedies of the Note B Holder under the Lead Securitization Servicing
Agreement shall not be materially impaired compared to the rights and remedies of the Note B Holder set forth herein (and the obligations
of the Note B Holder under the Lead Securitization Servicing Agreement shall not be materially increased compared to the obligations
of the Note B Holder set forth herein),

 

(ii)          the
provisions of the Lead Securitization Servicing Agreement may differ from this Agreement to the extent requested by the Rating
Agencies, the subordinate bond buyers or any of the other parties thereto and differences necessary in order that each Initial
Note A Holder and its Affiliates obtain accounting “sale” treatment for its respective Note under FAS 140; provided
that, in all cases, any such differences between this Agreement and the Lead Securitization Servicing Agreement shall not have
a material adverse effect on any of the rights, remedies or protections granted to the Holders under this Agreement (without giving
effect to any provision of this Agreement which states that a term shall have “the meaning assigned to such term in the Servicing
Agreement,” or be “subject to the Servicing Agreement” or similar phrases),

 

(iii)          following
the Lead Securitization Date, such Lead Securitization Servicing Agreement shall not be modified in any manner materially adverse
to a Holder without the prior written consent of such Holder, and

 

(iv)          the
Lead Securitization Servicing Agreement shall contain terms and conditions as are set forth in Section 40(c) of this Agreement
and such additional provisions that are customary for securitization transactions involving assets similar to the Mortgage Loan
and that are otherwise (i) required by the Code relating to the tax elections of any Securitization Trust, (ii) required by law
or changes in any law, rule or regulation or (iii) generally required by the Rating Agencies in connection with the issuance of
ratings in securitizations similar to the Lead Securitization.

 

(c)          The
Servicer shall distribute (or cause to be distributed) to the Holders all payments due to the Holders in accordance with Section 5
and Section 6 hereof; provided, however, that prior to calculating any amount of interest or principal
due on such date to the Holders, the Servicer shall reduce the Note B Principal Balance (not below zero) by any Realized Loss with
respect to the Mortgage Loan, and after the Note B Principal Balance has been reduced to zero, the Servicer shall reduce the Note
A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3-A Principal Balance and the Note A-3-B Principal Balance, pro
rata (based on their respective outstanding Principal Balances) (in each case, not below zero) by any Realized Loss with respect
to the Mortgage Loan.

 

(d)          In
consideration for servicing the Mortgage Loan (inclusive of each Note) a servicing fee shall accrue at a rate not to exceed the
Servicing Fee Rate on the sum of the

 

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outstanding Note A Principal Balance and the outstanding Note B Principal Balance (the “Servicing
Fee”). The Servicing Fee shall be paid on the same interest accrual basis and for the same period of time for which interest
is paid on the Mortgage Loan, and shall be paid in accordance with the priorities set forth in Section 5 and Section
6 and the Lead Securitization Servicing Agreement.

 

(e)          In
consideration for special servicing the Mortgage Loan (inclusive of each Note) a special servicing fee shall accrue at a rate not
to exceed the Special Servicing Fee Rate on the sum of the outstanding Note A Principal Balance and the outstanding Note B Principal
Balance (the “Special Servicing Fee”). The Special Servicing Fee shall be payable to the Special Servicer if
the Mortgage Loan shall become a Specially Serviced Mortgage Loan, for so long as the Mortgage Loan remains a Specially Serviced
Mortgage Loan. Subject to any liquidation set forth in the Lead Securitization Agreement, the Liquidation Fee shall be payable
to the Special Servicer upon receipt of Liquidation Proceeds. For any period during which the provisions of Section 6
apply, any Workout Fees or Liquidation Fees shall be paid from funds available for distribution prior to the distribution of funds
to the Holders in accordance with Section 6 (it being agreed that a Workout Fee and a Liquidation Fee shall not be
payable with respect to the same payment or with respect to the same period of time, or otherwise simultaneously or duplicatively).
The Holders acknowledge that pursuant to the Servicing Agreement, the Servicers may be entitled to receive Additional Servicing
Compensation. To the extent any such Additional Servicing Compensation is actually received by a Servicer in accordance with the
Servicing Agreement, such Servicer shall be entitled to retain the same. In no event, however, shall any amounts relating to Additional
Servicing Compensation that are not otherwise actually received by a Servicer (or its subservicer) be deducted from any distributions
to any Holder pursuant to Section 5 or Section 6.

 

(f)          Notwithstanding
anything to the contrary contained herein, if each of the Lead Securitization Note and Note B cease to be an asset of the
trust fund formed pursuant to the Lead Securitization Servicing Agreement, the provisions of this Agreement shall apply in their
entirety, and each Holder hereby agrees that the Mortgage Loan shall be serviced pursuant to this Agreement. In such event, all
references herein to the “Servicing Agreement” and to “from and after the Lead Securitization Date” and
any ancillary provisions relating thereto shall be deemed to be inoperative and of no further force and effect; provided
that the actual servicing of the Mortgage Loan under this Agreement shall be performed by a successor Master Servicer appointed
by the Lead Note Holder and a successor Special Servicer shall be appointed by the Controlling Holder, both of which replacement
Servicers shall be Qualified Servicers and shall be reasonably acceptable to each of the Holders. Any such entity acting as a successor
Master Servicer or successor Special Servicer of the Mortgage Loan pursuant to the proviso of the preceding sentence will be required
to perform such servicing in accordance with Accepted Servicing Practices and the provisions of this Agreement.

 

(g)          Notwithstanding
anything to the contrary contained herein, in accordance with this Agreement and the Lead Securitization Servicing Agreement, the
Lead Securitization Servicing Agreement shall provide that the Servicers are required to service and administer the Mortgage Loan
in accordance with Accepted Servicing Practices.

 

(h)          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 Internal Revenue Code of 1986,

 

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as amended (the “Code”) (notice of which shall
be given by the related Holder to the other Holders within three (3) Business Days of the “startup day”, within the
meaning of Section 860(G)(a)(9) of the Code, of the related REMIC), then, any provision of this Agreement to the contrary
notwithstanding: (i) the Mortgage Loan shall be administered such that each Note qualifies at all times as (or as interests in)
a “qualified mortgage” within the meaning of Sections 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 interests of the Holders therein shall at all times qualify as “foreclosure property” within the meaning
of Sections 860G(a)(8) of the Code and (iii) the related Holder may not modify, waive or amend any provision of the Mortgage
Loan, consent to or withhold consent from any action of the Mortgage Loan Borrower, or exercise or refrain from exercising any
powers or rights which the related Holder 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 Stated
Department of the Treasury, more than three (3) months after the earliest startup day of any REMIC which includes the related Note
(or any portion of such Note). The Holders agree that the provisions of this Section 4(h) shall be effected by compliance
by the related Holder or its assignee with this Agreement or the Servicing Agreement or any other agreement which governs the administration
of the Mortgage Loan or such Holder’s interest therein. All costs and expenses of compliance with this Section 4(h),
to the extent that such costs and expenses relate to administration of a REMIC or to any determination respecting the amount, payment
or avoidance of any tax under the REMIC Provisions or the actual payment of any REMIC tax or expense, shall be borne by the Holders.

 

5.          Payments
Prior to an Event of Default. If no Event of Default shall have occurred and is then continuing, all amounts tendered by the
Mortgage Loan Borrower or otherwise available for payment on the Mortgage Loan (including, without limitation, payments received
in connection with any guaranty or indemnity agreement), whether received as a payment of the Monthly Debt Service Payment Amount,
Prepayments, Balloon Payments, Liquidation Proceeds (other than any Repurchase Price), Penalty Charges, Cure Payments, 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 (other than any amounts for required reserves or escrows required by the Mortgage Loan Documents
and proceeds, awards or settlements to be applied to the restoration or repair of the Mortgaged Property or released to the Mortgage
Loan Borrower in accordance with Accepted Servicing Practices or the Mortgage Loan Documents) shall be distributed by the Servicer
pursuant to and in accordance with the Mortgage Loan Agreement (including Section 2.3.1, Section 2.3.3, Section 2.4.2, Section
2.4.5 and Section 2.5 thereof) and the Lead Securitization Servicing Agreement.

 

6.          Payments
Following an Event of Default.

 

(a)          If
an Event of Default has occurred and is continuing, all amounts collected by or on behalf of the Lead Securitization Trust in respect
of the Mortgage Loan or the Mortgaged Property, including without limitation, Liquidation Proceeds or Insurance and Condemnation
Proceeds shall be applied in the following order of priority:

 

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(i)          first,
to reimburse the Master Servicer and the Trustee (and, if applicable, a Non-Lead A Note Holder or a master servicer of any Non-Lead
Securitization Trust) for any unreimbursed Nonrecoverable Property Advances or Nonrecoverable Administrative Advances (or in the
case of any unreimbursed Nonrecoverable Property Advances or Nonrecoverable Administrative Advances previously paid by a Non-Lead
A Note Holder or a master servicer of any Non-Lead Securitization Trust, if applicable, to reimburse such party’s pro
rata share of any such unreimbursed Nonrecoverable Property Advances or Nonrecoverable Administrative Advances previously paid
to the Master Servicer or the Trustee by such Non-Lead Note A Holder, or by such master servicer from general collections on the
related Non-Lead Securitization Trust, as applicable) relating to the Mortgage Loan and the Mortgaged Property and interest thereon
at the Advance Rate;

 

(ii)          second,
to first reimburse the Note A Holders for any unreimbursed Nonrecoverable P&I Advances on the A Notes and interest thereon
at the Advance Rate, on a pro rata and pari passu basis, then to reimburse the Note B Holder for any Nonrecoverable
P&I Advances on Note B and interest thereon at the Advance Rate;

 

(iii)          third,
to reimburse or pay the Master Servicer or the Trustee for any unreimbursed Property Advances and Administrative Advances relating
to the Mortgage Loan and the Mortgaged Property plus interest accrued thereon at the Advance Rate and any Trust Fund Expenses (but
only to the extent that they relate to servicing and administration of the Mortgage Loan and the Mortgaged Property, including
without limitation, any unpaid Special Servicing Fees, Liquidation Fees and Workout Fees relating to the Mortgage Loan);

 

(iv)          fourth,
to pay to the Note A Holders accrued and unpaid interest on the A Notes (other than default interest) that was not included in
the amount of Nonrecoverable P&I Advances on the A Notes reimbursed pursuant to clause (ii) above, on a pro rata and
pari passu basis;

 

(v)          fifth,
to pay to the Note A Holders any interest accrued on P&I Advances on the A Notes on a pro rata and pari passu
basis (subject to Section 9(d) hereof);

 

(vi)          sixth,
to pay to the Note B Holder accrued and unpaid interest on Note B (other than default interest) that was not included in the amount
of Nonrecoverable P&I Advances on Note B reimbursed pursuant to clause (ii) above;

 

(vii)          seventh,
to pay to the Note B Holder any interest accrued on P&I Advances on Note B (subject to Section 9(d) hereof);

 

(viii)          eighth,
to pay to the Note A Holders the Note A Principal Balance of the A Notes due and payable on a pro rata and pari passu
basis;

 

(ix)          ninth,
if the proceeds of any foreclosure sale or any liquidation of the Mortgage Loan or the Mortgaged Property exceed the amounts required
to be applied in accordance with the foregoing clauses (i)-(viii), to pay to the Note A Holders, an amount

 

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equal to the aggregate
of unreimbursed Realized Losses previously allocated to the A Notes in accordance with the terms of Section 4(c) or Section
7(a), on a pro rata and pari passu basis;

 

(x)          tenth,
to pay to the Note B Holder the Note B Principal Balance due and payable;

 

(xi)          eleventh,
to the Note B Holder, an amount equal to the aggregate of unreimbursed Realized Losses previously allocated to Note B in accordance
with the terms of Section 4(c) or Section 7(a);

 

(xii)          twelfth,
to pay the Master Servicer or the Special Servicer any amounts to be applied to the payment of, or escrowed for the future payment
of, real estate taxes, assessments and insurance premiums and similar items;

 

(xiii)          thirteenth,
to fund any other reserves to the extent then required to be held in escrow;

 

(xiv)          fourteenth,
to pay to the Note A Holders any Prepayment Premiums then due and payable in respect of any or all of the A Notes, on a pro
rata and pari passu basis among such A Notes, and then to pay to the Note B Holder any Prepayment Premiums then due
and payable in respect of Note B;

 

(xv)          fifteenth,
to pay to the Master Servicer or the Special Servicer default interest and late payment charges then due and owing under the Mortgage
Loan, all of which will be applied in accordance with the Lead Securitization Servicing Agreement (subject to Section 9(d)
hereof);

 

(xvi)          sixteenth,
to pay the Master Servicer or the Special Servicer any additional servicing compensation that the Master Servicer or the Special
Servicer is entitled receive under the Lead Securitization Servicing Agreement; and

 

(xvii)          seventeenth,
if any excess amount is available to be distributed in respect of the Mortgage Loan, and not otherwise applied in accordance with
the foregoing clauses (i)-(xvi), any remaining amount shall be paid pro rata to the Note Holders based on the initial principal
balances of the Notes held by such Note Holders;

 

provided
that it is being understood and agreed that the priority of payment set forth above is solely for purposes of allocating collections
on the Mortgage Loan or the Mortgaged Property (net of any reimbursement or payment of Advances or Trust Fund Expenses relating
to the Mortgage Loan or Mortgaged Property to the extent provided above) to each Note and that any amounts payable to or allocable
to the Notes in respect of interest, principal, default interest and interest on P&I Advances will be subject to Section 1.3
and Section 3.4(c) of the Lead Securitization Servicing Agreement and the other applicable provisions of the Lead Securitization
Servicing Agreement and will not otherwise affect the reimbursement rights of the Master Servicer, the Special Servicer or the
Trustee thereunder.

 

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If
any Note (or portion thereof) has been defeased, the foregoing provisions of this Section 6 will apply only to the non-defeased
Notes (or portions thereof). Any Note (or portion thereof) that has been defeased will be repaid solely from the proceeds of the
related defeasance collateral.

 

To
the extent that the Mortgage Loan Borrower pays any Servicing Fees pursuant to the Mortgage Loan Agreement or any modification
or amendment thereof, such fees shall be applied to the payment of the Servicing Fee or the Special Servicing Fee, as applicable,
pursuant to clause (iii) above, and the amounts paid on account of interest to the Holders under clauses (iv)
and (vi) above for the applicable Remittance Date shall be adjusted accordingly. 

 

(b)          Following
any period during which the terms of this Section 6 are in effect, in the event that the Mortgage Loan becomes a Corrected
Mortgage Loan, or if the applicable Event of Default is no longer existing, or if the Mortgage Loan is restructured in connection
with a workout such that the Mortgage Loan is no longer a Specially Serviced Mortgaged Loan and, as restructured, is transferred
back to the Servicer and the applicable Event of Default is no longer continuing, then the terms of Section 5 hereof shall
again be in effect, subject, however, to the terms of Section 7 hereof. For the avoidance of doubt, so long as the Mortgage
Loan remains a Specially Serviced Mortgage Loan, the terms of this Section 6 shall continue to be in effect. 

 

7.          Workout.
(a) Notwithstanding anything to the contrary contained herein, but subject to the terms and conditions of the Servicing Agreement
and Section 20 and Section 21 of this Agreement, and the obligation to act in accordance with Accepted
Servicing Practices, if any applicable 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 (or the
Note A Interest Rate or Note B Interest Rate) is reduced, (iii) payments of interest or principal on the Mortgage Loan are
waived, reduced or deferred (other than due solely to an extension of the Maturity Date (that is not a forbearance) pursuant to
an executed extension agreement between Lender and the Mortgage Loan Borrower, so long as no other modification under this Section
7 has occurred), or (iv) any other adjustment is made to any of the payment terms of the Mortgage Loan, all payments to
each Note A Holder pursuant to Section 5 and Section 6 shall be made as though such workout did not occur,
with the payment terms of the A Notes remaining the same as they are on the Closing Date, and the full economic effect of all waivers,
reductions or deferrals of amounts due on the Mortgage Loan attributable to such workout shall be borne, first, by the Note
B Holder (up to the Note B Principal Balance, together with accrued interest thereon at the Note B Interest Rate and any other
amounts due the Note B Holder) and, second, pro rata by the Note A-1 Holder (up to the Note A-1 Principal Balance,
together with accrued interest thereon at the Note A-1 Interest Rate, and any other amounts due to the Note A-1 Holder), the Note
A-2 Holder (up to the Note A-2 Principal Balance, together with accrued interest thereon at the Note A-2 Interest Rate, and any
other amounts due to the Note A-2 Holder), the Note A-3-A Holder (up to the Note A-3-A Principal Balance, together with accrued
interest thereon at the Note A-3-A Interest Rate, and any other amounts due to the Note A-3-A Holder) and the Note A-3-B Holder
(up to the Note A-3-B Principal Balance, together with accrued interest thereon at the Note A-3-B Interest Rate, and any other
amounts due to the Note A-3-B Holder). If the Mortgaged Property shall become an REO Property, the same shall be acquired, managed
and operated in substantially the manner provided in the Servicing Agreement, and the priority of distributions among the Note
A Holders and the Note B Holder shall continue to be made in accordance with the terms of Section 6 that would be applicable
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occurrence and during the continuation of an Event of Default (whether or not the applicable Mortgage Loan Documents
then remain in effect), with distributions on account of scheduled interest payments being deemed to be Assumed Scheduled Payments
(as such term shall be defined in the Servicing Agreement) for such purpose.

 

(b)          For
purposes of determining the identity of the Controlling Holder (and not for any other purpose, including purposes of calculations
set forth in Section 5 and Section 6 hereof), Appraisal Reduction Amounts shall be allocated first, to reduce
the Note B Principal Balance, and then, to reduce the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note
A-3-A Principal Balance and the Note A-3-B Principal Balance, pro rata. The Lead Note Holder shall notify the Holders in
writing of any Appraisal Reduction Amount calculated with respect to the Mortgage Loan and any allocation thereof to reduce the
Principal Balance of any Note.

 

8.          Collection
Accounts; Payment Procedure. (a) Pursuant to the terms of this Agreement or the Servicing Agreement, the Lead Note Holder shall
cause the Servicer to establish and maintain the Collection Account. Each of the Holders hereby directs the Servicer, in accordance
with the priorities set forth in Section 5 and Section 6 and subject to the terms of this Agreement or
the Servicing Agreement, as applicable, (i) to deposit into the applicable Collection Account within one (1) Business Day after
receipt all payments received with respect to the Mortgage Loan and (ii) to remit from the applicable Collection Account (x) for
deposit or credit on the Remittance Date all payments received with respect to and allocable to each A Note and Note B, by wire
transfer to accounts maintained by each Holder and designated to the Servicer in writing; provided that delinquent payments
received by the Servicer after the related Remittance Date shall be remitted by the Servicer to such accounts no later than the
Business Day following receipt; and (y) for such other purposes and at such times as specified in this Agreement and the Servicing
Agreement.

 

(b)          If
any Servicer holding or having distributed any amount received or collected in respect of any Note determines, or a court of competent
jurisdiction orders, at any time that any amount received or collected in respect of any Note must, pursuant to any insolvency,
bankruptcy, fraudulent conveyance, preference or similar law, be returned to the Mortgage Loan Borrower or paid to any Holder,
any Servicer or any other Person, then, notwithstanding any other provision of this Agreement, such Servicer shall not be required
to distribute any portion thereof to the Holder of such Note, and such Holder, shall promptly on demand repay to such Servicer
the portion thereof which shall have been theretofore distributed to the related Holder, together with interest thereon at such
rate, if any, as such Servicer shall have been required to pay to the applicable Mortgage Loan Borrower, the Holders, any other
Servicer or such other Person with respect thereto, and, if the amount in question had been advanced by the Servicer, then with
interest thereon at the Advance Rate. 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 Servicer.
The Servicer shall have the right to offset any amounts due hereunder from any 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 8 are separate and distinct obligations from one another, and in no event shall any Servicer be permitted or
required under the Servicing Agreement to enforce the obligations of any Holder against the other Holders. The obligations of each
Holder under this Section 8 constitute absolute,

 

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unconditional and continuing obligations and each Servicer shall be
deemed a third party beneficiary of these provisions.

 

9.          Advances;
Default Interest; Penalty Charges.

 

(a)          Prior
to the Lead Securitization Date, if the Lead Note Holder elects, in its reasonable good faith discretion and in accordance with
Accepted Servicing Practices, to make a Property Advance, the Lead Note Holder shall notify the other Holders promptly, which notice
shall set forth the amount of the additional funds required, the date such funds are required and a summary of the need for such
advance. The other Holders shall be required to advance on or before the date specified in the related notice their respective
Percentage Interest of such Property Advance. If any Holder fails or refuses to advance the foregoing share of such Property Advance,
the Lead Note Holder shall have the right to advance the portion of such Property Advance not advanced by such other Holders. Repayment
of any and all such Property Advances made by any Holder together with interest thereon at the Advance Rate, if applicable, shall
be paid to such Holder from the collections on the Mortgage Loan in accordance with the priority of payments provided in Section
6 hereof. To the extent that any such Property Advance made by any such Holder becomes a Nonrecoverable Property Advance, each
Holder that did not make its Percentage Interest of such Property Advance shall be required to, promptly following notice from
the Holder that made such advance, reimburse the Holder that made such advance for non-advancing Holder’s pro rata
share of such Nonrecoverable Property with interest thereon at the Advance Rate.

 

(b)          From
and after the Lead Securitization Date, either the Servicer and/or the Trustee may be obligated to make Property Advances and the
right of such party to reimbursement for any such Property Advances and interest thereon is prior to the rights of the Holders
to receive any distributions or amounts recovered with respect to the Mortgage Loan or the Mortgaged Property to the extent provided
in this Agreement and the Lead Securitization Servicing Agreement. To the extent the Master Servicer, the Special Servicer or the
Trustee, as applicable, obtains funds from general collections of the Lead Securitization as a reimbursement for a Nonrecoverable
Property Advance or any related Advance Interest Amount, each Non-Lead A Note Holder (including any Securitization Trust into which
a Non-Lead A Note is deposited) shall be required to, promptly following notice from the Master Servicer, reimburse the Lead Securitization
for its pro rata share of such Nonrecoverable Property Advance or Advance Interest Amount.

 

(c)          If
any party to the Lead Securitization Servicing Agreement or any Non-Lead Servicing Agreement makes a P&I Advance in respect
of any Note, such P&I Advance and any interest accrued thereon shall be reimbursable to such advancing party solely as provided
under the terms of this Agreement and the Lead Securitization Servicing Agreement or Non-Lead Servicing Agreement, as applicable.

 

(d)          The
Lead Securitization Servicing Agreement shall provide that Penalty Charges and any interest accrued at the Mortgage Default Rate
on the Mortgage Loan Principal Balance that is in excess of interest accrued on the Mortgage Loan Principal Balance at the Mortgage
Interest Rate, in either case to the extent actually paid by the Mortgage Loan Borrower, shall be applied by the Master Servicer
(prior to allocation to the Holders under Section 6) for the following purposes:

 

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(1)          first,
to pay the Master Servicer, the Trustee or the Special Servicer for each Holder’s pro rata share of any interest accrued
on any Property Advances and reimbursement of any Property Advances in accordance with the terms of the Lead Securitization Servicing
Agreement,

 

(2)          second,
to pay the Master Servicer, Trustee, or the master servicer or trustee under a Non-Lead Servicing Agreement the amount, if any,
of interest accrued on any P&I Advance made with respect to any Note by such party,

 

(3)          third,
be used to reduce, on a pro rata basis, each Holder’s share of Trust Fund Expenses (other than Special Servicing Fees,
unpaid Workout Fees and Liquidation Fees) incurred with respect to the Mortgage Loan (as specified in the Lead Securitization Servicing
Agreement).

 

10.          Limitation
on Liability. Neither the Note A Holders nor any Servicer acting on its behalf shall have any liability to the Note B Holder
with respect to Note B, except with respect to losses actually suffered due to the negligence, willful misconduct or breach of
this Agreement on the part of such Note A Holder or the Servicer. The Note B Holder shall have no liability to any Note A Holder
with respect to its respective A Note except with respect to losses actually suffered due to the negligence, willful misconduct
or breach of this Agreement on the part of the Note B Holder.

 

11.          [Reserved.]

 

12.          Certain
Servicing Matters.

 

(a)          Books
and Records. In connection with any inspection of the Mortgaged Property or the books and other financial records of the Mortgage
Loan Borrower by the Lead Note Holder pursuant to the terms of the Mortgage Loan Documents, the Lead Note Holder shall, upon written
request of the Directing Holder, request that the Mortgage Loan Borrower to reasonably cooperate to provide the Directing Holder
access for its own inspection of the Mortgaged Property or the books and other financial records. In addition, in response to the
written request of the Directing Holder, the Lead Note Holder shall request that the officers of the Mortgage Loan Borrower and
the accountants and other representatives of the Mortgage Loan Borrower arrange a meeting (either telephonic or in person) to discuss
the business, financial and other condition of the Mortgage Loan Borrower, and all reasonable out-of-pocket costs incurred by the
Lead Note Holder shall be paid by the Controlling Holder.

 

(b)          Monthly
Servicing Report. Prior to the Lead Securitization Date, each month, the Servicer shall prepare and shall promptly deliver
copies to each of the Holders a report containing the following information:

 

(i)          For
each of the Holders, (x) the amount of the distribution from the Collection Account allocable to principal (y) separately identifying
the amount of scheduled principal payments, Balloon Payments, Prepayments made at the option of the Mortgage Loan Borrower or other
Prepayments (specifying the reason therefor) and

 

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Liquidation Proceeds included therein and information on distributions made with
respect to each of the Notes and (z) the amounts deposited and on reserve in each of the escrow and reserve funds accounts held
by Servicer;

 

(ii)          For
each of the Holders, the amount of the distribution from the Collection Account allocable to interest and the amount of Prepayment
Premiums and default interest paid under the Mortgage Loan Documents;

 

(iii)          If
the distribution to the Holders is less than the full amount that would be distributable to such Holders if there had been sufficient
amounts available therefor, the amount of the shortfall and the allocation thereof between interest and principal and the amount
of the shortfall, if any, under the Mortgage Loan;

 

(iv)          The
principal balance and the Realized Losses relating to each of the Notes, after giving effect to the distribution of principal on
such Remittance Date;

 

(v)          The
amount of the servicing fees paid to the Servicer and the Special Servicer with respect to such Remittance Date, showing separately
the Servicing Fee, the Special Servicing Fee, any Workout Fee and any Liquidation Fee, and the amount of any fees payable to the
paying agent; and

 

(vi)          Information
regarding disputes affecting the Mortgage Loan Borrower and the Mortgaged Property and such other information as any Holder may
reasonably request, to the extent reasonably available to the Trustee, the Servicer or the related Special Servicer, such costs,
to the extent not included in the regular fees and charges of the Servicer, shall be reimbursed by the requesting party.

 

From and after the occurrence
of the Lead Securitization Date, the Servicer shall deliver such reports to the Holders as are provided in the applicable Servicing
Agreement.

 

(c)          Financial
Statements Etc. The Lead Note Holder shall promptly provide the other Holders with copies of each financial statement and other
statement and report delivered to the Lead Note Holder pursuant to the terms of the Mortgage Loan Documents. Subject to the terms
of the applicable Mortgage Loan Documents, upon the reasonable request of such other Holder, the Lead Note Holder shall also promptly
deliver to such other Holder, copies of any other documents relating to the Mortgage Loan, including, without limitation, property
inspection reports and loan servicing statements.

 

(d)          Copies.
Any copies to be furnished by the Servicer under this Agreement may be furnished by hard copy or electronic means.

 

13.          Representations
and Warranties of Each Initial Note Holder. Each of the Initial Note A-1 Holder, the Initial Note A-2 Holder, the Initial Note
A-3-A Holder, the Initial Note A-3-B Holder and the Initial Note B Holder, as of the date hereof, hereby represents and warrants
and covenants that:

 

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

 

(ii)          The
execution and delivery of this Agreement by it, and the performance of, and compliance with, the terms of this Agreement by it,
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)          It
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 its legal, valid and binding obligation enforceable against it in accordance with its terms, except as the enforcement
thereof may be limited by bankruptcy, insolvency, reorganization, liquidation, receivership, moratorium or other laws relating
to or affecting the enforcement of creditors’ rights or by general principles of equity (regardless of whether such enforceability
is considered in a proceeding in equity or at law).

 

(v)          Immediately
prior to the execution and delivery of this Agreement, the Initial Note Holder was the sole legal owner and Holder of its related
Note, free and clear of any lien, pledge, hypothecation, encumbrance or other adverse interest in the Mortgage Loan, and the Initial
Note Holder has the right to enter into this Agreement without the consent of any third party.

 

(vi)          Initial
Note Holder is not in violation of, and its execution and delivery of this Agreement and its performance of, and compliance with,
the terms of this Agreement will not constitute a violation of, any law, any order or decree of any court or arbiter, or any order,
regulation or demand of any federal, state or local government or regulatory authority, which violation, in the Initial Note Holder’s
good faith and reasonable judgment, is likely to affect materially and adversely either the ability of the Initial Note Holder
to perform its obligations under this Agreement or the financial condition of the Initial Note Holder.

 

(vii)          No
litigation is pending with regard to which the Initial Note Holder has received service of process or, to the best of the Initial
Note Holder’s knowledge, threatened against the Initial Note Holder the outcome of which, in the Initial Note Holder’s
good faith and reasonable judgment is likely to materially and adversely affect the ability of the Initial Note Holder to perform
its obligations under this Agreement.

 

(viii)          The
Initial Note Holder 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 transactions contemplated hereby.

 

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(ix)          No
consent, approval, authorization or order of, registration or filing with, or notice to, any governmental authority or court is
required, under federal or state law (including, with respect to any bulk sale laws), for the execution delivery and performance
of or compliance by the Initial Note Holder with this Agreement or the consummation by the Initial Note Holder of any transaction
contemplated hereby, other than (i) such consents, approvals, authorizations, qualifications, registrations, filings or notices
as have been obtained or made and (ii) where the lack of such consent, approval, authorization, qualification, registration,
filing or notice would not have a material adverse effect on the performance by the Initial Note Holder under this Agreement.

 

14.          Intentionally
Omitted.

 

15.          Independent
Analyses of the Initial Note B Holder. Subject to the provisions of Section 13, the Initial Note B Holder acknowledges
that it has, independently and without reliance upon any Initial Note A Holder and based on such documents and information as such
Holder has deemed appropriate, made such Holder’s own credit analysis and decision to originate Note B. Except as expressly
provided in this Agreement, Initial Note B Holder hereby acknowledges that the other Holders have not made any representations
or warranties with respect to the Mortgage Loan, and that the other Holders shall have no responsibility for (i) the collectibility
of the Mortgage Loan, (ii) the validity, enforceability or legal effect of any of the Mortgage Loan Documents or the title insurance
policy or policies or any survey furnished or to be furnished to the Initial Note A Holder in connection with the origination of
the Mortgage Loan, (iii) the validity, sufficiency or effectiveness of the lien created or to be created by the Mortgage Loan Documents
or (iv) the financial condition of the Mortgage Loan Borrower. The Initial Note B Holder assumes all risk of loss in connection
with Note B, for reasons other than the gross negligence, willful misconduct or breach of this Agreement by the Initial Note A
Holders or the gross negligence, willful misconduct or bad faith by any Servicer.

 

16.          No
Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto
shall be deemed to constitute the arrangement between the Note A Holders and the Note B Holder a partnership, association, joint
venture or other entity. No Holder shall have any obligation whatsoever to offer to the other Holders the opportunity to purchase
notes or participation interests relating to any future loans originated by such Holder or its respective Affiliates, and if such
Holder chooses to offer to the other Holders the opportunity to purchase notes or any participation 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. No Holder shall have any obligation whatsoever to purchase from the other Holders
any notes or participation interests in any future loans originated by the other Holder or its respective Affiliates.

 

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

 

18.          Transfer
of Notes. (a) The Note B Holder shall not sell, assign, transfer, pledge, syndicate, sell, hypothecate, contribute, encumber,
participate, subparticipate or otherwise

 

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dispose of (each, a “Transfer”) more than a 49% interest (in one or
more transactions) in Note B, without first receiving Rating Agency Confirmation (and the Note B Holder shall pay all reasonable
out-of-pocket costs and expenses of the Lead Note Holder, all out-of-pocket costs and expenses of the Rating Agencies and all reasonable
documented costs and expenses (including internal costs and expenses) of the Servicer incurred in connection with obtaining such
Rating Agency Confirmation); provided that prior to the Lead Securitization, in connection with a proposed Transfer of more
than a 49% interest (in one or more transactions) in Note B, in lieu of obtaining a Rating Agency Confirmation, the Note B Holder
shall obtain the prior written consent of the Lead Note Holder, which consent may be withheld in the sole and absolute discretion
of the Lead Note Holder; and, provided further, that the Note B Holder may at any time or from time to time Transfer all
or any portion of Note B, without the requirement of any Rating Agency Confirmation, or prior to a Securitization, the written
consent of the Lead Note Holder, but subject to the conditions contained in the third succeeding sentence, to a Qualified Institutional
Lender that provides to each Note A Holder certification in writing from an authorized officer that it is a Qualified Institutional
Lender; and provided, further, that notwithstanding anything to the contrary contained herein, in no event shall
the Note B Holder Transfer Note B, or any portion thereof or interest therein to the Mortgage Loan Borrower or a Mortgage Loan
Borrower Related Party. Transfers of interests in Note B of 49% or less in the aggregate (in one or more transactions) shall not
require prior consent or approval of each Note A Holder, any Servicer or any other Person, or Rating Agency Confirmation from any
Rating Agency, provided that any such Transfer shall be made in accordance with the conditions in the second succeeding
sentence. Pursuant to the Servicing Agreement, the Servicer shall be required to present promptly to the Rating Agencies for the
purpose of obtaining any Rating Agency Confirmation any application and material prepared by the applicable Note B Holder relating
to a Transfer, but shall not be required to make a recommendation or prepare a case to the Rating Agencies in connection with obtaining
such Rating Agency Confirmation. Notwithstanding the foregoing, the Note B Holder agrees that each Transfer to be made by it under
clauses (a) or (b) of this Section 18 is subject to the following restrictions: (i) all such Transfers
shall be made upon at least three (3) Business Days’ prior written notice to the Lead Note Holder, and (ii) a transferee
shall (x) execute an assignment and assumption agreement whereby such transferee assumes all or a ratable portion, as the case
may be, of the obligations of the Note B Holder hereunder with respect to Note B from and after the date of such assignment (or,
in the case of a pledge, collateral assignment or other encumbrance by the Note B Holder of Note B, solely as security for a loan
to the Note B Holder, made by a third-party lender whereby the Note B Holder remains fully liable under this Agreement, such third
party lender executes an agreement that such lender shall be bound by the terms and provisions of this Agreement and the obligations
of the Note B Holder hereunder on and after the date on which such lender succeeds to the rights of the Note B Holder hereunder
by foreclosure or otherwise) and (y) agree in writing to be bound by the Servicing Agreement, unless the Servicing Agreement is
not then in effect with respect to the Mortgage Loan, in which event the parties will enter into or agree to be bound by any replacement
servicing agreement therefor in accordance with the provisions of Section 4. Upon the consummation of a Transfer of
all or any portion of Note B, the transferring Person shall be released from all liability arising under this Agreement with respect
to Note B (or the portion thereof that was the subject of such Transfer), for the period after the effective date of such Transfer
(it being understood and agreed that the foregoing release shall not apply in the case of a sale, assignment, transfer or other
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Note B as described in clause (b) below) and the transferee shall be the
Note B Holder with respect to Note B for all purposes hereunder with all of the rights, interests and obligations related thereto.
The foregoing provision of this Section 18(a) shall not apply to a Transfer of Note B to the Lead Securitization Trust.

 

(b)          In
the case of any sale, assignment, transfer or other disposition of a participation interest in Note B, (i) the transferring Note
B Holder’s obligations under this Agreement shall remain unchanged, (ii) the transferring Note B Holder shall remain solely
responsible for the performance of such obligations, and (iii) the Lead Note Holder shall continue to deal solely and directly
with the transferring Note B Holder in connection with its rights and obligations under this Agreement and the Servicing Agreement,
and all amounts payable hereunder shall be determined as if the Note B Holder had not sold such participation interest; provided,
however, that if the applicable participant is a Qualified Institutional Lender but not the Mortgage Loan Borrower or a
Mortgage Loan Borrower Related Party (and delivers to the Lead Note Holder a certification from an authorized officer confirming
the foregoing status), then, the Note B Holder by written notice to the Lead Note Holder, may delegate to such participant the
Note B Holder’s right to exercise the rights of the Controlling Holder hereunder and under the Servicing Agreement; provided,
further, however, that upon the occurrence of a Control Appraisal Event, the aforesaid delegation of rights shall
terminate and be of no further force and effect.

 

(c)          Each
Note A Holder agrees that it shall not Transfer all or any portion of its respective A Note, except as follows: (i) to a Qualified
Institutional Lender, (ii) to the Depositor, or any other Person designated by such Note A Holder to act as the depositor and/or
any other Affiliate of such Note A Holder in connection with a Securitization or to the trustee in connection with a Securitization
of the related A Note, (iii) to a purchaser upon a foreclosure, sale or other liquidation of a Specially Serviced Mortgage Loan
or an REO Property, as expressly provided in the Servicing Agreement or (iv) as otherwise expressly provided or contemplated by
the Servicing Agreement. In addition, each Note A Holder may split its respective A Note into multiple participations without the
consent of the Note B Holder or any other Person (it being understood that no participant shall be entitled to amounts other than
what is allocated to the related A Note hereunder had such Note A Holder not participated its related A Note). Notwithstanding
the foregoing, each A Note may not be Transferred to the Mortgage Loan Borrower or any Mortgage Loan Borrower Related Party without
the prior written consent of the Note B Holder and, following the Lead Securitization Date, a Rating Agency Confirmation (it being
understood that any costs and expenses incurred in connection with any such transfer following the Lead Securitization Date shall
be borne by the related Note A Holder). Except with respect to (a) the Transfer referred to in clause (ii) of the first
sentence or (b) the initial Transfer by the Initial Note A-3-A Holder or the Initial Note A-3-B Holder of their respective Notes,
any such Transfer shall be made upon at least three (3) Business Days’ prior written notice to the Note B Holder.

 

(d)          No
Note A Holder shall give its consent to any action (whether through marketing, advertising, public disclosure or otherwise) that
would result in potential investors becoming aware of any proposed Non-Lead Securitization until (i) the establishment of the time
of the contract of sale for each purchaser of certificates for the Lead Securitization or (ii) the Lead Note Holder gives its consent
to such marketing, advertising, disclosure or other related activity.

 

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(e)          Notwithstanding
anything to the contrary contained herein, the Note B Holder may pledge (a “Pledge”) Note B or any interest
therein to any entity (other than the Mortgage Loan Borrower or any Mortgage Loan Borrower Related Party) which has extended a
credit facility to the Note B Holder or has entered into a repurchase agreement with the Note B Holder and that, in each case,
is either a Qualified Institutional Lender or a financial institution whose long-term unsecured debt is rated at least “A”
(or the equivalent) or better by each Rating Agency (a “Note Pledgee”), on terms and conditions set forth in
this Section 18(d), it being further agreed that a financing provided by a Note Pledgee to the Note B Holder or any Affiliate
which controls the Note B Holder that is secured by the Note B Holder’s interest in Note B and is structured as a repurchase
arrangement, shall qualify as a “Pledge” hereunder, provided all applicable terms and conditions of this Section
18 are complied with; provided that a Note Pledgee which is not a Qualified Institutional Lender may not take title
to Note B after a Securitization without a Rating Agency Confirmation and no Note Pledgee may take title to Note B without satisfying
the requirements for transfer set forth in this Section 18. Upon written notice, if any, by the Note B Holder to the Lead
Note Holder that a Pledge has been effected (including the name and address of the applicable Note Pledgee), the Lead Note Holder
agrees to acknowledge receipt of such notice and thereafter agrees: (i) to give such Note Pledgee written notice of any default
by the Note B Holder in respect of its obligations under this Agreement of which default such Lead Note Holder has actual knowledge
and which notice shall be given simultaneously with the giving of such notice to the Note B Holder; (ii) to allow such Note
Pledgee a period of ten (10) Business Days to cure a default by the Note B Holder in respect of its obligations to 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 Note B 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 such Lead Note Holder shall accept any cure by such Note Pledgee of any default
of the Note B Holder which the Note B Holder has the right to effect hereunder, as if such cure were made by the Note B Holder;
(v) that such Lead Note Holder shall deliver to Note Pledgee such estoppel certificate(s) as Note Pledgee shall reasonably
request, provided that any such certificate(s) shall be in a form reasonably satisfactory to such Lead Note Holder; and
(vi) that, upon written notice (a “Redirection Notice”) to such Note A Holder and any Servicer by such
Note Pledgee that the Note B Holder is in default beyond any applicable cure periods with respect to the Note B Holder’s
obligations to such Note Pledgee pursuant to the applicable credit agreement or other agreements relating to the Pledge between
the Note B Holder and such Note Pledgee (which notice need not be joined in or confirmed by the Note B Holder), and until such
Redirection Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee shall be entitled to receive any payments that
any Servicer would otherwise be obligated to pay to the Note B Holder from time to time pursuant to this Agreement or any Servicing
Agreement. The Note B Holder hereby unconditionally and absolutely releases the Lead Note Holder from any liability to the Note
B Holder on account of such Lead Note Holder’s (or Servicer’s) compliance with any Redirection Notice believed by the
Lead Note Holder in good faith to have been delivered by a Note Pledgee. Note Pledgee shall be permitted to exercise fully its
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Note B Holder (and accept an assignment in lieu of foreclosure as to such collateral), in accordance
with applicable law and this Agreement. In such event, the Lead Note Holder shall recognize such Note Pledgee (and any transferee
(other than the Mortgage Loan Borrower or any Mortgage Loan Borrower Related Party) which is also a Qualified Institutional Lender
at any foreclosure or similar sale held by such Note Pledgee or any transfer in lieu of foreclosure), and its successor and assigns,
as the successor to the Note B Holder’s rights, remedies and obligations under this Agreement, and any such Note Pledgee
or Qualified Institutional Lender shall assume in writing the obligations of the Note B 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 18(e) shall remain effective as to the Lead
Note Holder unless and until such Note Pledgee shall have notified the Lead Note Holder in writing that its interest in Note B
has terminated.

 

19.          Other
Business Activities of the Holders. Each of the Holders acknowledges that the other Holders may make loans or otherwise extend
credit to, and generally engage in any kind of business with, any Affiliate of the Mortgage Loan Borrower (“Mortgage Loan
Borrower Related Parties”), and receive payments on such other loans or extensions of credit to the Mortgage Loan Borrower
Related Parties and otherwise act with respect thereto freely and without accountability in the same manner as if this Agreement
and the transactions contemplated hereby were not in effect.

 

20.          Exercise
of Remedies by the Servicer.

 

(a)          Each
of the Holders acknowledges that, subject to the terms of this Agreement (including without limitation, the Controlling Holder’s
rights under Section 21 hereof) and the Servicing Agreement, (i) the Lead Note Holder (or any Servicer or Trustee (if any)
on its behalf) may exercise or refrain from exercising any rights that such Lead Note Holder (or such Servicer or Trustee (if any))
may have hereunder or under the Servicing Agreement in a manner that may be adverse to the interests of the other Holders, so long
as such actions are in accordance with Accepted Servicing Practices and the other terms of this Agreement, (ii) the Lead Note Holder
shall have no liability whatsoever to the other Holders as a result of such Lead Note Holder’s (or any Servicer’s or
Trustee’s) exercise of such rights or any omission by such Lead Note Holder (or any Servicer or Trustee) to exercise such
rights, except as expressly provided herein or for acts or omissions that are taken or omitted to be taken by such Lead Note Holder
that constitute the gross negligence or willful misconduct of such Lead Note Holder or a breach of this Agreement, and (iii) the
Servicer and the Special Servicer shall (and shall be required under the Servicing Agreement to) service and administer the Mortgage
Loan on behalf of each Note A Holder and the Note B Holder (as a collective whole) in accordance with Accepted Servicing Practices,
taking into account the interests of each Note A Holder and the Note B Holder; but in all cases giving due consideration to the
fact that Note B is subject and subordinate to each A Note in accordance with the terms of this Agreement. Each Note A Holder and
the Note B Holder agree that the Servicer, to the extent consistent with the terms of this Agreement (including, without limitation,
Section 21) and after the Lead Securitization Date subject to and in accordance with the Servicing Agreement, shall
have the sole and exclusive authority (in each case, subject to the Accepted Servicing Practices and the terms and conditions set
forth in this Agreement, including without limitation the rights of the Controlling Holder) with respect to the administration
of, and

 

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exercise of rights and remedies with respect to, the Mortgage Loan, including, without limitation, the sole and exclusive
authority (i) to modify or waive any of the terms of the Mortgage Loan Documents, (ii) to consent to any action or failure to act
by the Mortgage Loan Borrower or any party to the Mortgage Loan Documents, (iii) to 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 in all cases acting in accordance with Accepted Servicing Practices and the terms
of this Agreement and the Servicing Agreement, and except as otherwise expressly provided in this Agreement and the Servicing Agreement,
the other Holders shall have no voting, consent or other rights whatsoever with respect to the Lead Note Holder’s or Servicer’s
administration of, or exercise of its rights and remedies with respect to, the Mortgage Loan. Each Holder agrees that it shall
have no right to, and hereby presently and irrevocably assigns and conveys to the Lead Note Holder and the Servicer and the Special
Servicer the rights, if any, that such Holder has (i) to declare or cause the Lead Note Holder or the Servicer to declare an Event
of Default under the Mortgage Loan (ii) to exercise any remedies with respect to the Mortgage Loan, including, without limitation,
filing or causing the Lead Note Holder or the Servicer to file any bankruptcy petition against the Mortgage Loan Borrower or (iii) to
vote any claims with respect to the Mortgage Loan in any bankruptcy, insolvency or similar type of proceeding of the Mortgage Loan
Borrower. Each Holder shall, from time to time, execute such documents as the Lead Note Holder, the Servicer or the Special Servicer
shall reasonably request to evidence such assignment with respect to the rights described in clause (iii) of the preceding
sentence. Except when acting in the capacity of trustee or paying agent, the Lead Note Holder shall not have any fiduciary duty
to the other Holders in connection with the administration of the Mortgage Loan but shall in all events be obligated to act in
accordance with Accepted Servicing Practices. Each Holder expressly and irrevocably waives for itself and any Person claiming through
or under such Holder any and all rights that it may have under Section 1315 of the New York Real Property Actions and Proceedings
Law or the provisions of any similar law that purports to give a junior noteholder, mortgagee or loan participant the right to
initiate any loan enforcement or foreclosure proceedings.

 

(b)          Notwithstanding
anything to the contrary contained herein, the exercise by the Lead Note Holder (or any Servicer or the Trustee (if any) acting
on its behalf) of its rights under this Section 20 shall be subject in all respects to any sections of the Servicing
Agreement governing REMIC administration, and in no event shall the Lead Note Holder (or any Servicer or the Trustee (if any) acting
on its behalf) be permitted to take any action or refrain from taking any action which would violate the laws of any applicable
jurisdiction, breach the Mortgage Loan Documents, be inconsistent with Accepted Servicing Practices or violate any other provisions
of the Servicing Agreement or cause the arrangement evidenced hereby not to be treated as a “grantor trust” for Federal
income tax purposes. The Lead Note Holder (or any Servicer or the Trustee (if any) acting on its behalf) shall exercise such rights
and powers described in this Section 20 on the understanding that the Lead Note Holder (or any Servicer or the Trustee
(if any) acting on its behalf) shall administer the Mortgage Loan in a manner consistent with the Servicing Agreement and this
Agreement, provided that neither the Lead Note Holder nor any Servicer or the Trustee (if any) acting on its behalf shall
be liable to the other Holders with respect to anything the Lead Note

 

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Holder or such Servicer or the Trustee (if any) may do or
omit to do in relation to the Mortgage Loan, other than as expressly set forth in this Agreement. Without limiting the generality
of the foregoing, the Lead Note Holder and any Servicer or the Trustee (if any) acting on its behalf may rely on the advice of
legal counsel, accountants and other experts (including those retained by the Mortgage Loan Borrower) and upon any written communication
or telephone conversation which the Lead Note Holder or such Servicer or the Trustee (if any) believes to be genuine and correct
or to have been signed, sent or made by the proper Person.

 

(c)          If
title to the Mortgaged Property is acquired for the benefit of the Holders in foreclosure, by deed-in-lieu of foreclosure or upon
abandonment or reclamation from bankruptcy, the deed or certificate of sale shall be taken in the name of the Lead Note Holder
or its nominee (which shall not include any Servicer) on behalf of the Holders. The applicable Servicer, on behalf of the Holders,
shall dispose of any REO Property utilizing reasonable best efforts, consistent with Accepted Servicing Practices, to maximize
the proceeds of such disposal to the Holders (as a collective whole) if and when such Servicer determines, consistent with Accepted
Servicing Practices, that such disposal would be in the best economic interest of the Holders (as a collective whole). The applicable
Servicer shall (and shall be required under the Servicing Agreement to) manage, conserve, protect and operate each REO Property
for the Holders solely for the purpose of its prompt disposition and sale in accordance with Accepted Servicing Practices.

 

(d)          The
applicable Servicer shall have full power and authority, subject only to the specific requirements and prohibitions of this Agreement,
to do any and all things in connection with any REO Property as are consistent with Accepted Servicing Practices and the terms
of this Agreement, all on such terms and for such period as such Servicer deems to be in the best interests of Holders (as a collective
whole) and, in connection therewith, such Servicer shall only agree to the payment of management fees that are consistent with
general market standards or to terms that are more favorable to the Holders. The applicable Servicer shall (and shall be required
under the Servicing Agreement to) segregate and hold all revenues received by it with respect to any REO Property separate and
apart from its own funds and general assets and shall establish and maintain with respect to any REO Property a segregated custodial
account (each, an “REO Account”). The applicable Servicer shall (and shall be required under the Servicing Agreement
to) deposit or cause to be deposited in the REO Account within one Business Day after receipt all revenues received by it with
respect to any REO Property (other than Liquidation Proceeds, which shall be remitted to the Collection Account), and shall withdraw
therefrom funds necessary for the proper operation, management and maintenance of such REO Property and for other Costs with respect
to such REO Property, including:

 

(i)  
         all insurance premiums due and payable in respect of any REO
Property;

 

(ii)           all
real estate taxes and assessments in respect of any REO Property that may result in the imposition of a lien thereon;

 

(iii)          all
ground rents in respect of any REO Property;

 

(iv)          all
costs and expenses reasonable and necessary to protect, maintain, manage, operate, repair and restore any REO Property; and

 

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(v)          to
the extent that such REO Proceeds are insufficient for the purposes set forth in clauses (i) through (iv) above
and the applicable Servicer has provided written notice of such shortfall to the Holders of the necessity to take actions pursuant
to this subsection (d), any expenditure associated with such actions taken by the applicable Servicer shall be payable
by the Holders at their option pursuant to Section 9.

 

(e)          The
applicable Servicer shall contract with an independent contractor, the fees and expenses of which shall be an expense of the Holders
and payable out of REO Proceeds, for the operation and management of any REO Property, within forty-five (45) days after the Holders’
acquisition thereof (unless the Holders approve otherwise), provided that:

 

(i)           the
terms and conditions of any such contract shall be reasonable and consistent with the terms of this Agreement and customary for
the area and type of property and shall not be inconsistent herewith;

 

(ii)          any
such contract shall require, or shall be administered to require, that the independent contractor pay all costs and expenses incurred
in connection with the operation and management of such REO Property, including those listed above, and remit all related revenues
(net of such costs and expenses) to the applicable Servicer as soon as practicable, but in no event later than thirty (30) days
following the receipt thereof by such independent contractor;

 

(iii)         none
of the provisions of this subsection (e) relating to any such contract or to actions taken through any such independent
contractor shall be deemed to relieve the applicable Servicer of any of its duties and obligations to the Holders or the Lead Note
Holder on behalf of the Holders with respect to the operation and management of any such REO Property; and

 

(iv)         the
applicable Servicer shall be obligated with respect thereto to the same extent as if it alone were performing all duties and obligations
in connection with the operation and management of such REO Property.

 

(f)           The
applicable Servicer shall be entitled to enter into any agreement with any independent contractor performing services for it related
to its duties and obligations hereunder for indemnification of such Servicer by such independent contractor, and nothing in this
Agreement shall be deemed to limit or modify such indemnification. When and as necessary, the applicable Servicer shall send to
the Holders a statement prepared by the applicable Servicer setting forth the amount of net income or net loss, as determined for
federal income tax purposes, resulting from the operation and management of a trade or business on, the furnishing or rendering
of a non-customary service to the tenants of, or the receipt of any other amount not constituting rents in respect of, any REO
Property.

 

(g)          With
respect to any Specially Serviced Mortgage Loan or REO Property which the applicable Servicer has determined to sell in accordance
with Accepted Servicing Practices, the applicable Servicer shall deliver to the Holders an officers’ certificate to the effect
that, the applicable Servicer has determined to sell such Specially Serviced Mortgage Loan or REO

 

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Property in accordance with this
subsection (g). The applicable Servicer may then offer to sell to any Person the Specially Serviced Mortgage Loan which
is in Default or the REO Property (and shall on a monthly basis advise the Holders in writing of the status of such Specially Serviced
Mortgage Loan or REO Property) or, subject to the following sentence, purchase any such Specially Serviced Mortgage Loan or REO
Property (in each case at the Defaulted Mortgage Loan Purchase Price), but shall, in any event, so offer to sell any REO Property
no later than the time determined by the applicable Servicer to be sufficient to result in the sale of such REO Property within
the period specified in the REMIC Provisions. The applicable Servicer shall deliver such officers’ certificate and give the
Holders not less than ten (10) Business Days’ prior written notice of its intention to sell any Specially Serviced Mortgage
Loan or REO Property, in which case the applicable Servicer shall accept the highest offer received from any Person for the Specially
Serviced Mortgage Loan or any REO Property in an amount at least equal to the Defaulted Mortgage Loan Purchase Price or, at its
option, if it has received no offer at least equal to the Defaulted Mortgage Loan Purchase Price therefor, purchase the Specially
Serviced Mortgage Loan or REO Property at the Defaulted Mortgage Loan Purchase Price.

 

(h)          In
the absence of any such offer at the Defaulted Mortgage Purchase Price, or purchase by the applicable Servicer at the Defaulted
Mortgage Purchase Price, such Servicer shall accept the highest offer received from any Person that is determined by such Servicer
to be a fair price for such Specially Serviced Mortgage Loan or REO Property; provided that the Lead Note Holder (or the
applicable Servicer, if the applicable Servicer or any Affiliate of the applicable Servicer is not an offeror) shall be entitled
to engage, at the expense of the Holders, an Appraiser to determine whether the highest offer is a fair price. Notwithstanding
anything to the contrary herein, neither the Mortgage Loan Borrower nor any Mortgage Loan Borrower Related Party may make an offer
or purchase any Specially Serviced Mortgage Loan or any REO Property pursuant hereto.

 

(i)          The
applicable Servicer shall not be obligated by either of the foregoing paragraphs or otherwise to accept the highest offer if the
applicable Servicer determines, in accordance with Accepted Servicing Practices, that rejection of such offer would be in the best
interests of the Holders as a collective whole. In addition, the applicable Servicer may accept a lower offer if it determines,
in accordance with Accepted Servicing Practices, that acceptance of such offer would be in the best interests of the Holders as
a collective whole (for example, if the prospective buyer making the lower offer is more likely to perform its obligations, or
the terms offered by the prospective buyer making the lower offer are more favorable), provided that the offeror is not the applicable
Servicer or an Affiliate of the applicable Servicer. The applicable Servicer shall in no event sell the Specially Serviced Mortgage
Loan or the REO Property other than for cash.

 

(j)          Subject
to the other provisions of this Section 20, the applicable Servicer shall act on behalf of the Holders in negotiating
and taking other action necessary or appropriate in connection with the sale of a Specially Serviced Mortgage Loan or REO Property,
including the collection of all amounts payable in connection therewith. Any sale of a Specially Serviced Mortgage Loan or REO
Property shall be without recourse to, or representation or warranty by, any Servicer or any Holder, and, if such sale is consummated
in accordance with the duties of the applicable Servicer pursuant to the terms of this Agreement, no such Person who so performed

 

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shall have any liability to any Holders with respect to the purchase price therefor accepted by the applicable Servicer.

 

(k)          The
proceeds of any sale of the Specially Serviced Mortgage Loan or REO Property after deduction of the direct out-of-pocket expenses
of such sale incurred in connection therewith shall be promptly, and in any event within one (1) Business Day following receipt
thereof, deposited in the Collection Account. Within thirty (30) days after the sale of the REO Property, the applicable Servicer
shall provide to the Holders a statement of accounting for such REO Property, including without limitation, (i) the date of disposition
of the REO Property, (ii) the gross sales price, the selling and other expenses and the net sales price, (iii) accrued interest
on the Note A Principal Balance at the applicable Note A Interest Rate, and on the Note B Principal Balance at the applicable Note
B Interest Rate calculated from the date of acquisition to the disposition date, and (iv) such other information as the Holders
may reasonably request. The applicable Servicer shall file information returns regarding the abandonment or foreclosure of the
Mortgaged Property with the Internal Revenue Service at the time and in the manner required by the Code.

 

(l)          The
provisions of subsections (c) through (k) of this Section 20 shall be of no further force and effect
from and after the Lead Securitization Date, and the analogous provisions of the Servicing Agreement shall control.

 

21.          Certain
Powers of the Controlling Holder. The following provisions shall apply during the term of this Agreement:

 

(a)          The
Controlling Holder shall be entitled to appoint (or act as) a “directing lender” (the “Directing Holder”)
with respect to the Mortgage Loan and to exercise the rights and powers granted to the Directing Holder and the Controlling Holder
hereunder and under the Servicing Agreement (such designation to be made by written notice to the Lead Note Holder); provided
that if the Mortgage Loan Borrower or any Mortgage Loan Borrower Related Party owns any portion of Note B, the ownership interests
of such Person shall be deemed to equal zero for the purposes of determining which owners can vote to elect the Directing Holder;
and provided, further, that in no event may the Mortgage Loan Borrower or any Mortgage Loan Borrower Related Party
serve as the Directing Holder. Such designation shall remain in effect until it is revoked by the Controlling Holder by a writing
delivered to each of the other parties hereto.

 

(b)          Notwithstanding
anything to the contrary contained herein (but subject to Section 21(d)), the Lead Note Holder shall,
prior to taking any Major Decision, be required to notify in writing the Directing Holder of any proposal to take any of such actions
(and to provide the Directing Holder with such information requested by such Directing
Holder as may be necessary in the reasonable judgment of such Directing Holder in order to make a judgment) and to receive the
written approval of the Directing Holder (which approval may be withheld in its sole discretion);

 

(c)          If
the Directing Holder fails to notify the Lead Note Holder of its approval or disapproval
of any such Major Decision within ten (10) Business Days after delivery to the Directing Holder by the Lead Note Holder
of written notice (“Action Notice”) of such a Major

 

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Decision together with
any information requested by the Directing Holder pursuant to this Section 21(b) or Section 21(c), then if the Directing
Holder fails to approve or reject the Major Decision within such ten (10) Business Day period, the Directing Holder’s approval
will be deemed to have been given for such Major Decision. Notwithstanding the foregoing, any amounts funded by any Holder
under the Mortgage Loan Documents as a result of (1) the making of any protective Advances or (2) interest accruals or accretions
and any compounding thereof (including default interest) with respect to the Notes shall not at any time be deemed to require prior
notice to the Directing Holder (except as otherwise expressly required by this Agreement) or otherwise contravene this subsection.
To the extent the Mortgage Loan Borrower requests or the Servicer or Special Servicer structures, as part of a workout or otherwise,
an extension of the Mortgage Loan for two or more years beyond the Maturity Date, the Servicer or Special Servicer, as applicable,
shall obtain the prior written consent of the Lead Note Holder (in the same manner as the Directing Holder) in addition to the
consent of the Directing Holder. The provisions of Section 21(c) shall be of no further force and effect from and after
the Lead Securitization Date, and the analogous provisions of the Servicing Agreement shall control.

 

(d)          With
respect to any proposed action requiring consultation with or approval of the Directing Holder pursuant to Section 21(b),
the Lead Note Holder shall prepare a summary of such proposed action and an analysis of whether or not such action is reasonably
likely to produce a greater recovery on a present value basis than not taking such action, setting forth the basis on which the
Lead Note Holder made such determination, and shall promptly provide to each Holder copies of such summary and any other material
documents and items reasonably necessary to make such determination by hard copy or electronic means on a timely basis. If any
such proposed action is disapproved by the Directing Holder, the Servicer shall propose an alternate action (based on any counter-proposals
received from the Directing Holder, to the extent such counter-proposal is consistent with Section 21(d) or, if no
such counter-proposal is received by the Servicer when the disapproval of the Directing Holder is delivered to the Servicer, then
based on any alternate course of action that the Lead Note Holder may deem appropriate) until the approval of the Directing Holder
is obtained; provided that if the Servicer and Directing Holder do not agree on a proposed course of action within sixty
(60) days after the date on which the Servicer first proposed a course of action and the counter-proposals received from the Directing
Holder would, in the judgment of the Special Servicer, be permitted to be ignored by the Special Servicer in accordance with clause (d)
below), then after giving due consideration (subject to Section 21(d) hereof) to the alternatives and counterproposals,
if any, provided by the Directing Holder the Lead Note Holder shall take such action as it deems appropriate in accordance with
Accepted Servicing Practices. Notwithstanding the foregoing, if in accordance with Accepted Servicing Practices, (i) the Lead Note
Holder determines that emergency action is necessary to protect the Mortgaged Property or the interests of the Holders (as a collective
whole) at a time earlier than the time that such Servicer would otherwise be entitled to take such action pursuant to this Section
21(c) or otherwise under this Agreement and (ii) such action requires consultation with and/or consent of the Directing Holder,
then it shall contact the Directing Holder (by telephone, email or fax) promptly and shall discuss
(unless the Directing Holder shall fail to respond in a reasonable time frame under the circumstances) the proposed action with
such Directing Holder and, if the consent of the Directing Holder would ordinarily be required, attempt to reach agreement within
the revised time frame prior to taking the proposed action, but shall be entitled to take the necessary emergency action
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time frame regardless of whether it has been able to contact or obtained the agreement of the
Directing Holder. If such emergency action is taken, the Lead Note Holder will promptly
notify the Directing Holder of the action so taken, the Servicer’s reasons for determining that immediate action was necessary
and how the action differs from the proposed actions, if any, that had theretofore been approved by the Directing Holder.
The provisions of Section 21(d) shall be of no further force and effect from and after the Lead Securitization Date, and
the analogous provisions of the Servicing Agreement shall control.

 

(e)          Notwithstanding
anything herein to the contrary, no advice, direction or objection from or by the Directing Holder, as contemplated by this Section 21,
or no advice, direction or objection, if any, from or by any Non-Controlling Holder, may (and the related Holder shall ignore and
act without regard to any such advice, direction or objection that such Holder (or Servicer on its behalf) has determined, in its
reasonable, good faith judgment, would): (A) require or cause such Holder to violate applicable law, the terms of the Mortgage
Loan Documents or any section of this Agreement or any Servicing Agreement, including such Servicer’s obligation to act in
accordance with Accepted Servicing Practices, (B) result in the imposition of federal income tax on any Securitization Trust, cause
any REMIC to fail to qualify as a REMIC, (C) expose any Securitization Trust, any certificateholder of any related Securitization,
the Depositor or the depositor of any Non-Lead Securitization, the Holders, the Servicer,
the Trustee or the trustee of any Non-Lead Securitization, the Certificate Administrator or any certificate administrator of any
Non-Lead Securitization, the Operating Advisor or the operating advisor of any Non-Lead Securitization or their respective Affiliates,
members, managers, officers, directors, employees or agents, to any material claim, suit or liability or (D) materially expand
the scope of the Servicer’s responsibilities under this Agreement or the related Servicing Agreement.

 

(f)          No
Controlling Holder or Directing Holder shall owe any fiduciary duty to the Trustee, any Servicer, any Special Servicer, any certificateholder
in any Securitization, or the other Holders. No Controlling Holder or Directing Holder shall have any liability to any the Trustee,
any Servicer, any Special Servicer, any certificateholder in any Securitization or the other Holders for any action taken, or for
refraining from the taking of any action or the giving of any consent or for errors in judgment. By its acceptance of a Note in
the Mortgage Loan, each Holder shall be deemed to have confirmed its understanding that (i) a Directing Holder may take or refrain
from taking actions that favor the interests of the related Controlling Holder or its affiliates over the other Holder, (ii) a
Controlling Holder may take or refrain from taking actions (or cause the related Directing Holder to take or refrain from taking
actions) that favor its interest or the interests of its affiliates over the other Holder, (iii) that a Controlling Holder or Directing
Holder may have special relationships and interests that conflict with the interest of the other Holder and shall be deemed to
have agreed to take no action against a Controlling Holder, a Directing Holder or any of their officers, directors, employees,
principals or agents as a result of such a special relationships or conflicts, (iv) that no Controlling Holder shall be liable
by reason of its having acted or refrained from acting solely in its interest or in the interest of its affiliates, and (v) that
no Directing Holder shall be liable by reason of its having acted or refrained from acting solely in the interests of the related
Controlling Holder or its affiliates.

 

(g)          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

 

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and appoint a replacement Special Servicer in lieu thereof. Any such replacement
Special Servicer shall be a Qualified Servicer in accordance with this Section 21(g). The Directing Holder shall designate
a Person to serve as Special Servicer by delivering to the Non-Controlling Holders, the Servicer and the then existing Special
Servicer a written notice stating such designation and by satisfying the other conditions required under the Servicing Agreement
(including a Rating Agency Confirmation, if required by the terms of the Servicing Agreement), and by delivering to Holder that
is a Non-Lead Securitization a Rating Agency Confirmation with respect to any rated securities issued in such Non-Lead Securitization.
The Directing Holder shall promptly pay any expenses incurred by the Lead Note Holder in connection with such replacement. The
Directing Holder shall notify the other parties hereto of its termination of the then currently serving Special Servicer and its
appointment of a replacement Special Servicer in accordance with this Section 21(g). The fees payable to any replacement
Special Servicer contemplated in this Section 21(g) at any time, following the Lead Securitization, when the Lead Securitization
Servicing Agreement is no longer in effect, shall be at then market rates for such services. Upon the occurrence of the Lead Securitization
governing the servicing of the Mortgage Loan, the initial Special Servicer designated in the applicable Lead Securitization Servicing
Agreement shall serve as the initial Special Servicer. If a Servicer Termination Event on the part of the Special Servicer has
occurred that affects the Non-Controlling Holder, the Non-Controlling Holder shall have the right to direct the Trustee (or at
any time that the Mortgage Loan is no longer included in a Securitization, the Controlling Holder) to terminate the Special Servicer
under the applicable Servicing Agreement solely with respect to the Mortgage Loan pursuant to and in accordance with the terms
of the Servicing Agreement. The Controlling Holder and the Non-Controlling Holder acknowledge and agree that any successor special
servicer appointed to replace the Special Servicer with respect to the Mortgage Loan that was terminated for cause at the Non-Controlling
Holder’s direction cannot at any time be the person (or an Affiliate thereof) that was so terminated without the prior written
consent of the Non-Controlling Holder.

 

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

 

(h)          Notwithstanding
the foregoing, within ten (10) Business Days after receipt by the Note B Holder of notice indicating that the Note B Holder is
no longer the Controlling Holder, the Note B Holder may, at its option, post with the Lead Note Holder (a) cash collateral
for the benefit of, and reasonably acceptable to the Lead Note Holder or (b) a Letter of Credit (in each case, if there has
been a Securitization, together with documentation reasonably acceptable to the Lead Note Holder to create and perfect a first
priority security interest in favor of the Securitization in such collateral) (to be held by the Lead Note Holder in a segregated
securities account solely and exclusively in the name of each Note A Holder, meeting the Rating Agency criteria for an “eligible

 

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account” on behalf of each Note A Holder) in an amount which, when added to and for this purpose considered a part of the
appraised value of the Mortgaged Property, will cause the Note B Holder to remain the Controlling Holder (such cash or Letter of
Credit, “Reserve Collateral”). The Note B Holder may make such election upon written notice to the Lead Note
Holder of its intention to post Reserve Collateral, and upon notifying the Lead Note Holder of such intention, the Note B Holder
shall post such Reserve Collateral as quickly as practicable (but in no event more than three (3) Business Days following the receipt
of the above notice) by delivering such Reserve Collateral to the Lead Note Holder. The Note B Holder shall grant to and create
in favor of each Note A Holder a first priority perfected pledge and security interest in the Reserve Collateral in a manner reasonably
satisfactory to the Lead Note Holder. The Note B Holder shall provide an opinion to the Lead Note Holder, in form and substance
and from counsel reasonably acceptable to the Lead Note Holder, regarding the validity, perfection and priority of each Note A
Holder’s interest in any Reserve Collateral. In addition, the Note B Holder shall pay or cause to be paid any and all reasonable
out of pocket costs and expenses incurred by each Note A Holder (and any servicing party on its behalf) associated with the delivery
and/or pledge of such Reserve Collateral, including the costs and expenses of any opinion of counsel. Upon the posting of such
Reserve Collateral and satisfaction of the other conditions set forth above, the Note B Holder may exercise all of the rights of
the Controlling Holder hereunder; provided, however, that such posting of such collateral and such satisfaction of
conditions will not prevent the Note B Holder from losing its status as the Controlling Holder again (provided that such collateral
shall be taken into account in determining the Mortgaged Property’s value when calculating whether the Note B Holder is the
Controlling Holder), in which event the foregoing provisions of this paragraph will not again apply and the Note B Holder may not
again post Reserve Collateral. Any Reserve Collateral must be treated as an “outside reserve fund” for purposes of
the REMIC provisions of the Internal Revenue Code of 1986, as amended, and such property (and the right to reimbursement of any
amounts with respect thereto from a REMIC) will be beneficially owned by the Note B Holder, who will be taxed on all income with
respect thereto. The provisions of Section 21(h) will be of no further force and effect from and after the Lead Securitization
Date.

 

(i)          Following
a Final Recovery Determination with respect to the Mortgage Loan and application of all proceeds of the liquidation of the Mortgage
Loan, the Mortgaged Property or any REO Property, the Lead Note Holder may draw on or liquidate the Reserve Collateral and apply
the proceeds thereof to reimburse each Note A Holder for any Trust Fund Expense or Realized Loss borne or experienced by each Note
A Holder, plus interest thereon from the date such Trust Fund Expenses or Realized Loss was borne or experienced to the date of
reimbursement. Within ten (10) Business Days following such Final Recovery Determination and application, the Lead Note Holder
shall pay any remaining portion of such proceeds of the Reserve Collateral to the Note B Holder. The provisions of Section 21(i)
shall be of no further force and effect from and after the Lead Securitization Date.

 

(j)          Notwithstanding
the foregoing, if a Letter of Credit is posted as Reserve Collateral, then Note B Holder shall provide a replacement Letter of
Credit from an Approved Bank in form and substance satisfactory to the Lead Note Holder and each of such Rating Agencies (i) at
least fifteen (15) Business Days before the expiration of the delivered Letter of Credit, and (ii) if the issuer of such Letter
of Credit is at any time not an Approved Bank, within five (5) Business Days

 

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following written notice from the Lead Note Holder
to such effect. If the Note B Holder does not effect such a replacement within the periods set forth in the preceding sentence,
the Lead Note Holder shall be entitled immediately thereupon to draw on such Letter of Credit to the full extent of the amount
then remaining available thereunder, in which case the Lead Note Holder shall hold the proceeds of such draw as Reserve Collateral
and may hold and apply such Reserve Collateral in the manner and for the purposes otherwise set forth above and below. The provisions
of Section 21(j) will be of no further force and effect from and after the Lead Securitization Date.

 

22.          Further
Assurances. Each Holder acknowledges and agrees that each Holder may sell all or any portion of its respective Note, subject
to the rights of the other Holders and the terms of this Agreement, and the related Mortgage Loan Documents in connection with
the related Securitization. At the request and at the sole cost and expense of a requesting Holder, and to the extent not already
required to be provided by the other Holders under this Agreement, each Holder shall reasonably cooperate with such requesting
Holder and take such steps as may be reasonably required by such requesting Holder or any Rating Agency in order to satisfy the
market standards to which the requesting Holder customarily adheres or which may be reasonably required by the Rating Agencies
in connection with the related Securitization. Such cooperation shall include, without limitation, each Holder’s agreement
to:

 

(a)          execute
such amendments to this Agreement as may be requested by the requesting Holder or the Rating Agencies to effect the related Securitization,
provided that no such amendments shall materially and adversely affect any of the rights or remedies granted to the Note
B Holder hereunder (including, without limitation, the timing and amount of payment and the rights granted to a “Controlling
Holder” or “Directing Holder”) or increase the obligations of such Holder hereunder;

 

(b)          cooperate
with the reasonable requests from third-party service providers engaged by the requesting Holder to obtain, collect, and deliver
information requested or required by such Note A Holder or the Rating Agencies in connection with the Holders, the Notes or the
Mortgage Loan; and

 

(c)          execute
amendments to the Mortgage Loan Documents to further sever the Notes.

 

No Holder shall take
any action or refrain from taking any action that would violate any law of any applicable jurisdiction, would be inconsistent with
the Accepted Servicing Practices or would violate the REMIC Provisions of the Servicing Agreement or any other provision of this
Agreement.

 

23.          Reserved.

 

24.          No
Pledge or Loan. This Agreement shall not be deemed to represent a pledge of any interest in the Mortgage Loan by the Note A
Holders to the Note B Holder, or a loan from the Note B Holder to the Note A Holders. The Note B Holder shall not have any interest
in any property taken as security for the Mortgage Loan; provided, however, that if any such property or the proceeds
thereof shall be applied in respect of payments due under the Mortgage Loan, then the Note B Holder shall be entitled to receive
its share of such application in accordance with the

 

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terms of this Agreement and/or the Servicing Agreement. The Holders acknowledge
and agree that the Mortgage Loan represents a single “claim” under Section 101 of the Bankruptcy Code, and that
the Note B Holder shall not be a separate creditor of the Mortgage Loan Borrower under the Bankruptcy Code.

 

25.          Governing
Law; Waiver of Jury Trial. THIS AGREEMENT AND THE RESPECTIVE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED
IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED ENTIRELY
WITHIN SUCH STATE. 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.

 

26.          Modifications.
This Agreement shall not be modified, cancelled or terminated except by an instrument in writing signed by the parties hereto.
The party seeking modification of this Agreement shall be solely responsible for any and all reasonable expenses that may arise
in order to modify this Agreement. Additionally, from and after a Securitization, the Holders shall not amend or modify this Agreement
without first receiving (i) an opinion of counsel experienced in REMIC matters that such amendment or modification, in and of itself,
would not adversely affect the REMIC status of the Mortgage Loan or this Agreement, and (ii) a Rating Agency Confirmation, except
that no Rating Agency Confirmation shall be required in connection with a modification (x) prior to the Lead Securitization Date,
(y) to cure any ambiguity, to correct or supplement any provision herein that may be defective or inconsistent with any other provisions
herein or with the Servicing Agreement, or (z) to make other provisions with respect to matters or questions arising under this
Agreement, which shall not be inconsistent with the provisions of this Agreement, and (iii) if such modification, cancellation
or termination would adversely affect the rights or materially affect the duties of any Servicer or Trustee, the written consent
of such affected party.

 

27.          Successors
and Assigns; Third Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon the parties hereto
and their respective successors and assigns; provided that no successors or assigns of any Initial Note A Holder shall have
any liability for a breach of representation or warranty set forth in this Agreement (including Exhibit C). Each Servicer
and Trustee (if any) is an intended third-party beneficiary of this Agreement. Except as provided in Section 8 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
or a successor or assign of a party hereto.

 

28.          Counterparts.
This Agreement may be executed in any number of counterparts and all of such counterparts shall together constitute one and the
same instrument.

 

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

 

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30.          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 or, if mailed, upon the earlier to occur of receipt or the
expiration of the fourth (4th) day following the date of mailing.

 

31.          Note
Holder’s Access to Information. The Lead Note Holder shall provide to the other Holders and, after the Lead Securitization
Date, the Lead Securitization Servicing Agreement shall provide that such other Holders shall have access to, upon written request
to the Servicer or the Trustee, as applicable, subject to any restrictions on the distribution of such information contained in
the Lead Securitization Servicing Agreement, (a) a summary of the current status of principal and interest payments on the Mortgage
Loan, (b) copies of the Mortgage Loan Borrower’s current financial statements, to the extent in the Servicer’s possession,
(c) the most recent appraisal, if any, as to the value of the Mortgaged Property, to the extent in the Servicer’s possession,
(d) a copy of the Lead Securitization Servicing Agreement, (e) copies of any Default or acceleration notices sent to the Mortgage
Loan Borrower with respect to the Mortgage Loan and all material correspondence related thereto, (f) material notices delivered
to any Servicer by the Mortgage Loan Borrower, (g) copies of each other report provided to the Certificateholders in accordance
with the express terms of the Lead Securitization Servicing Agreement (but only to the extent such other reports relate to the
Mortgage Loan or the Mortgage Loan Borrower), and (h) other information with respect to the Mortgage Loan Borrower or the
Mortgage Loan, reasonably requested by such other Holder, to the extent required to be provided by the Servicer under the Lead
Securitization Servicing Agreement and in the Servicer’s possession or reasonably obtainable by the Servicer, in each case
at the sole cost and expense of such other Holder, to the extent not included in the regular fees and charges of the Servicer,
(with respect to all out-of-pocket and the reasonable administrative and photocopying costs of the Servicer).

 

32.          Custody
of Mortgage Loan Documents. The originals of all of the Mortgage Loan Documents (other than Note A-2, Note A-3-A, Note A-3-B
and Note B) will be held by the Lead Note Holder on behalf of each of the other Holders, or, following the Lead Securitization
Date, shall be held by the Servicer, Trustee or custodian on its behalf, or other applicable Person under the Lead Securitization
Servicing Agreement.

 

33.          Statement
of Intent. It is the intention of the parties hereto that, for purposes of federal income taxes, state and local income and
franchise taxes and any other taxes imposed upon, measured by or based upon gross or net income, this Agreement shall be treated
as a grantor trust. The terms of this Agreement shall be interpreted to further this intention of the parties. The parties hereto
agree that, unless otherwise required by appropriate tax authorities, the Lead Note Holder shall file or cause to be filed annual
or other necessary returns, reports and other forms consistent with such intended characterization. Each other Holders, by its
acceptance of its interest herein, agrees, unless otherwise required by appropriate tax authorities, to file its own tax returns
and reports in a manner consistent with such characterization. If the Internal Revenue Service

 

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were to characterize this Agreement
as a partnership for federal income tax purposes, then each such other Holders authorizes and directs the Lead Note Holder to elect
out of partnership accounting pursuant to Treasury Regulation 1.761-2, and agrees to file its own tax returns and reports in a
manner consistent therewith.

 

34.          Powers.
Except as expressly provided herein, the grantor trust created pursuant to this Agreement will not engage in any activity that
is inconsistent with the classification of this arrangement as a grantor trust for federal income tax purposes. Further, this grantor
trust shall not (a) acquire any additional assets or (b) modify (or agree to the modification of) or dispose of its assets other
than pursuant to the terms hereof. The grantor trust shall take no action (or fail to take any action) that will cause it to be
classified as other than a grantor trust for federal income tax purposes.

 

35.          Servicing
of the Loan. Pursuant to this Agreement or the Lead Securitization Servicing Agreement, the Master Servicer (whose identity
may change from time to time as provided in this Agreement or the Servicing Agreement) will be appointed as the servicer of the
Mortgage Loan. Pursuant to the Lead Securitization Servicing Agreement, the Special Servicer will be appointed as the special servicer
of the Mortgage Loan. The parties agree that the Servicers shall service the Mortgage Loan on behalf of the Holders. Prior to the
Lead Securitization Date, the Lead Note Holder shall have the right to appoint and remove the Interim Servicer with or without
cause under this Agreement and from and after the Lead Securitization Date, the Lead Note Holder shall have the right to appoint
and remove the Master Servicer in accordance with the terms of the Lead Securitization Servicing Agreement. The Lead Note Holder
has appointed KeyBank National Association to serve as the initial Interim Servicer. All rights and obligations of the Lead Note
Holder described hereunder may be exercised by the Servicer and/or the Special Servicer (except as set forth in the preceding sentence)
and, to the extent applicable, the Certificate Administrator, the Trustee or the paying agent on behalf of the Lead Note Holder
and the other Holders agree to cooperate with any such Persons with respect to its exercise of such rights and obligations.

 

36.          Registration
of Transfers. The Lead Note Holder shall maintain a register on which it shall record the names and addresses of, and wire
transfer instructions for, the Holders from time to time, to the extent such information is provided in writing to it by any other
Holders. Any transfer of a Note hereunder shall be recorded on such register. The transferring Holder (or the transferee) shall
reimburse the Lead Note Holder for the Lead Note Holder’s reasonable third party out-of-pocket costs and expenses (including
reasonable attorneys’ fees and disbursements) incurred in connection with the terms of this Section 36.

 

37.          Non-Recourse
Obligations of the Holders. Notwithstanding anything to the contrary contained herein or the Servicing Agreement (but subject
to Section 10 and Section 40 hereof), no Holder shall be personally liable hereunder or under the Servicing Agreement
other than to the extent of cash, property or other value realized or derived from its Note either (i) prior to its disbursement
and receipt by the Holder or (ii) after its receipt by the Holder under the circumstances and to the extent provided under Section 8(b)
hereof.

 

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38.          Termination.
This Agreement and the respective obligations and responsibilities under this Agreement of the parties hereto shall terminate upon
(a) mutual agreement by the parties hereto, evidenced in writing; (b) thirty (30) days after each of the Notes is paid in full;
or (c) payment (or provision for payment) to the Holders of all amounts held by or on behalf of the Servicer and required under
the Servicing Agreement, to be so paid on the last Remittance Date following final payment or other liquidation (or any advance
with respect thereto) of the Mortgage Loan or the Mortgaged Property; provided, however, that in no event shall the
arrangement created hereby continue beyond the expiration of 21 years from the death of the last survivor of the descendants of
Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James, living on the date hereof.

 

39.          Withholding
Taxes.

 

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

 

(b)          Each
Holder shall and hereby agrees to indemnify the Lead Note Holder (or any Servicer on its behalf) against and hold the Lead Note
Holder (or any Servicer on its behalf) harmless from and against any Taxes, interest, penalties and attorneys’ fees and disbursements
arising or resulting from any failure of the Lead Note Holder (or any Servicer on its behalf) to withhold Taxes from payment made
to such Holder in reliance upon any representation, certificate, statement, document or instrument made or provided by such Holder
to the Lead Note Holder in connection with the obligation of the Lead Note Holder (or any Servicer on its behalf) to withhold Taxes
from payments made to such Holder, it being expressly understood and agreed that (i) the Lead Note Holder may accept and rely on
any such representation, certificate, statement, document or instrument as being true and correct in all respects without any obligation
or responsibility to investigate or to make any inquiries with respect to the accuracy, veracity, correctness or validity of the
same and (ii) such Holder shall, upon request of the Lead Note Holder and at its sole cost and expense, defend any claim or action
relating to the foregoing indemnification using counsel reasonably satisfactory to the Lead Note Holder.

 

(c)          Each
Holder represents to the Lead Note Holder (for the benefit of the Mortgage Loan Borrower) that it is not a Non-Exempt Person and
that neither the Lead Note Holder nor the Mortgage Loan Borrower is obligated under applicable law to withhold Taxes on sums paid
to it with respect to the Mortgage Loan or otherwise pursuant to this Agreement. Contemporaneously with the execution of this Agreement
and from time to time as necessary during the term of this Agreement, each Holder shall deliver to the Lead Note Holder evidence
satisfactory to the Lead Note Holder substantiating that it is not a Non-Exempt Person and that the Lead Note Holder is not obligated
under applicable law to withhold Taxes on sums paid to it with respect to the

 

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Mortgage Loan or otherwise under this Agreement.
Without limiting the effect of the foregoing, (a) if a Holder is created or organized under the laws of the United States, any
state thereof or the District of Columbia, it shall satisfy the requirements of the preceding sentence by furnishing to the Lead
Note Holder an Internal Revenue Service Form W-9 and (b) if a Holder is not created or organized under the laws of the United States,
any state thereof or the District of Columbia, and if the payment of interest or other amounts by the Mortgage Loan Borrower is
treated for United States income tax purposes as derived in whole or part from sources within the United States, such Holder shall
satisfy the requirements of the preceding sentence by furnishing to the Lead Note Holder Internal Revenue Service Form W-8ECI,
Form W-8BEN or Form W-8BEN, as applicable, or successor forms, as may be required from time to time, duly executed by such Holder,
as evidence of such Holder’s exemption from the withholding of United States tax with respect thereto. The Lead Note Holder
shall not be obligated to make any payment hereunder to each other Holder in respect of its Note or otherwise until such Holder
shall have furnished to the Lead Note Holder the requested forms, certificates, statements or documents.

 

40.          Cooperation
in Securitization; Re-Sizing of A Note; Provisions Relating to Securitization.

 

(a)          In
connection with the Lead Securitization or any Non-Lead Securitization, Note B Holder hereby consents to the inclusion in any disclosure
document relating to the Lead Securitization or such Non-Lead Securitization of the identity of the Note B Holder and the identification
of other Persons that control Note B (other than the identification of its limited partners or other non-controlling investors).
The Note B Holder covenants and agrees that in the event any A Note is to be included as an asset of the Lead Securitization or
any Non-Lead Securitization, the Note B Holder shall, at the related Initial Note A Holder’s sole cost and expense (including,
without limitation, attorneys’ fees and disbursements reasonably incurred by the Note B Holder) and request, (i) meet with
representatives of the Rating Agencies to discuss the business and operations of the Note B Holder, (ii) cooperate with the reasonable
requests of each Rating Agency and such Initial Note A Holder in connection with the Lead Securitization or such Non-Lead Securitization,
as well as in connection with all other matters and the preparation of any offering documents thereof and (iii) review and respond
promptly with respect to any information (except as permitted above) relating to the Note B Holder in the Lead Securitization or
such Non-Lead Securitization document.

 

(b)          Notwithstanding
any other provision of this Agreement, for so long as Column or any affiliate of Column (an “Initial Holder”)
is the owner of an A Note (each, an “Owned Note”), such Initial Holder shall have the right, subject to the
terms of the Mortgage Loan Documents, to cause the Mortgage Loan Borrower to execute amended and restated notes or additional notes
(in either case, “New Notes”) reallocating the principal of an Owned Note to such New Notes; or severing an
Owned Note into one or more further “component” notes in the aggregate principal amount equal to the then outstanding
principal balance of such Owned Note provided that (i) the aggregate principal balance of all outstanding New Notes following
such amendments is no greater than the aggregate principal of such Owned Note prior to such amendments, (ii) all Notes continue
to have the same weighted average interest rate as the Notes prior to such amendments, (iii) all 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,
(iv) the Initial Holder holding the New Notes shall notify the Lead Note Holder, the Master Servicer, the Special Servicer, the
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Administrator and the Trustee in writing of such modified allocations and principal amounts, and (v) the execution
of such amendments and New Notes does not violate Accepted Servicing Practices. If the Lead Note Holder so requests, the Initial
Holder holding the New Notes (and any subsequent holder of such Notes) shall execute a confirmation of the continuing applicability
of this Agreement to the New Notes as so modified. In connection with the foregoing (provided the conditions set forth in clauses (i)
through (v) above are satisfied, with respect to clauses (i) through (iv), as certified by the applicable
Initial Holder, on which certification the Master Servicer can rely), the Master Servicer is hereby authorized and directed to
execute amendments to the Mortgage Loan Documents and this Agreement on behalf of any or all of the Note Holders solely for the
purpose of reflecting such reallocation of principal.

 

(c)          The
Lead Note Holder acknowledges and agrees that it shall cause the Lead Securitization Servicing Agreement to provide that (and,
to the extent such 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, Special Servicer and Trustee for such Lead Securitization shall be required to notify the master servicer, special
servicer and trustee under each Non-Lead Servicing Agreement of the amount of any P&I Advance it has made with respect to any
of Note A-1, Note A-2, Note A-3-A, Note A-3-B or Note B or Property Advances it has made with respect to the Mortgaged Property
within two Business Days of making any such advance;

 

(ii)          if
the Master Servicer determines that a proposed P&I Advance or Property Advance, 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 the servicers under any Non-Lead Servicing Agreement written notice of such determination within two Business Days
after such determination was made;

 

(iii)          the
Master Servicer shall remit all payments received (or advanced) with respect to the Note A-2, Note A-3-A and Note A-3-B, net of
the Servicing Fee payable with respect to each such Note, and any other applicable fees and reimbursements payable to the Master
Servicer, the Special Servicer and the Trustee, to the Holders of such Notes on or prior to the Remittance Date;

 

(iv)          with
respect to each other Note that is held by a Non-Lead Securitization, each of the Master Servicer and the Special Servicer agrees
to deliver to each of the respective master servicer under the related Non-Lead Servicing Agreement, all reports required to be
delivered by the Master Servicer and/or Special Servicer to the Trustee under the Lead Securitization Servicing Agreement(which
shall include all reports constituting the “CREFC® Investor Reporting Package (CREFC® IRP)”) pursuant to the
terms of the Lead Securitization Servicing Agreement on the earlier of (x) the date such reports are required to be delivered to
such Trustee and (y) the Remittance Date (but in no event less than 2 Business Days after the Monthly Payment Date; including such
information in the Master Servicer’s possession as is reasonably necessary for each such master servicer to determine the
recoverability of any P&I Advance);

 

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(v)          the
Master Servicer and Special Servicer shall provide to the Holder of Note A-2, Note A-3-A and Note A-3-B all documents, certificates,
instruments, notices, reports, operating statements, rent rolls and other information regarding the Mortgage Loan provided to any
other party to the Lead Securitization Servicing Agreement or to the “Controlling Class Representative” (or analogous
term) as such term is defined in 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 Accepted Servicing
Practices;

 

(vii)          the
Holder of Note A-2, Note A-3-A and Note A-3-B shall be entitled to the same indemnity with respect to the Mortgage Loan as the
Lead Note Holder and Note B is provided with respect to the Mortgage Loan under the Lead Securitization Servicing Agreement; the
Master Servicer, any primary servicer, the Special Servicer, the trustee, the certificate administrator and operating advisor shall
be required to indemnify each “certification party” and the depositors under each Non-Lead Servicing Agreement related
to any public Non-Lead Securitization to the same extent that they indemnify the Lead Securitization “certification party”
and depositor for their failure to deliver the items in clause (viii) below in a timely manner and for any Deficient
Exchange Act Deliverable (as defined in the Lead Securitization Servicing Agreement or any similar term thereto) regarding, and
delivered by or on behalf of, such party;

 

(viii)          with
respect to any Non-Lead Securitization that is subject to following reporting requirements under the Securities Act of 1933, as
amended, the Securities Exchange Act of 1934 (including Rule 15Ga-1), as amended, and Regulation AB, (a) the Master Servicer, any
primary servicer, the Special Servicer and the Trustee, certificate administrator or other party acting as custodian under the
Lead Securitization Servicing Agreement shall be required to (1) 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), in a timely manner, the reports, certifications, compliance statements, accountants’ assessments and attestations,
information to be included in reports (including, without limitation, Form 15G, Form 10K, Form 10D, Form 8K), and other materials
specified in each of the Non-Lead Servicing Agreements as the parties to the applicable Non-Lead Securitization may require in
order to comply with their obligations under the Securities Act of 1933, as amended, Securities Exchange Act of 1934 (including
Rule 15Ga-1), as amended, and Regulation AB, and any other applicable law, and (2) to the extent applicable, to cooperate with
any depositor in a Non-Lead Securitization in responding to comments from the Commission regarding any materials provided by such
party in the immediately preceding clause (1), and (b) without limiting the generality of the foregoing, the Depositor
for the Lead Securitization shall provide in a timely manner to the depositor and the trustee for any Non-Lead Securitization a
copy of the Lead Securitization Servicing Agreement and each of the

 

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Master Servicer, the Special Servicer, Trustee, certificate
administrator or other party acting as custodian for the Lead Securitization will be required to provide to the depositor, at the
expense of the requesting party, and the trustee for any Non-Lead Securitization, any other disclosure information required pursuant
to Regulation AB or the Securities Exchange Act of 1934, as amended, in a timely manner for inclusion in any disclosure document
or Form 8-K filing and 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 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. “Commission” means the United States Securities and Exchange Commission. The Master Servicer,
any primary servicer and the Special Servicer shall each be required to provide certification and indemnification to any Certifying
Person with respect to any applicable Sarbanes-Oxley Certification (or analogous terms) as such terms are defined in the related
Non-Lead Servicing Agreement;

 

(ix)          each
of the Master Servicer, the Special Servicer, the custodian and the Trustee and each Affected Reporting Party (as defined in the
Lead Securitization Servicing Agreement) shall cooperate (and require each Servicing Function Participant (as defined in the Lead
Securitization Servicing Agreement) and Additional Servicer (as defined in the Lead Securitization Servicing Agreement) retained
by it to cooperate under any applicable sub-servicing agreement), with each depositor for a Non-Lead Securitization (including,
without limitation, providing all due diligence information, reports, written responses, negotiations and coordination, and paying
all costs and expenses incurred in connection therewith) to the same extent as such party is required to cooperate with (and pay
the expenses of) the Depositor under the Lead Securitization Servicing Agreement in connection with Deficient Exchange Act Deliverables
(as defined in the Lead Securitization Servicing Agreement);

 

(x)          any
late collections received by the Master Servicer from the Mortgage Loan Borrower shall be remitted by the Master Servicer to the
master servicer of any applicable Non-Lead Securitization within one Business Day of receipt thereof;

 

(xi)          the
Non-Lead A Note Holders are each an intended third-party beneficiary in respect of the rights afforded it under the Lead Securitization
Servicing Agreement and the non-lead master servicers will be entitled to enforce the rights of the Non-Lead A Note Holders under
this Agreement and the Lead Securitization Servicing Agreement;

 

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

 

(xiii)          if
the Mortgage Loan becomes a Specially Serviced Mortgage Loan and the Special Servicer determines to sell Note A-1, Note A-2, Note
A-3-A, Note A-3-B and Note B 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-Controlling Holder of the planned sale
and of such Non-Controlling Holder’s opportunity to bid on the Mortgage Loan;

 

(xiv)          the
Lead Securitization Servicing Agreement shall not be amended in any manner that adversely affects a Non-Lead Note A Holder without
the consent of such 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 non-lead securitization certificates to the same extent provided with respect to the certificates issued in
connection with the Lead Securitization;

 

(xvi)          Servicer
Termination Events (as this term or an analogous term is defined in the Lead Securitization Servicing Agreement) with respect to
the Master Servicer and the Special Servicer shall include (i) the failure to remit payments to a Non-Lead Note A Holder as and
when required by the Lead Securitization Servicing Agreement; (ii) the qualification, downgrade or withdrawal of ratings of any
class of certificates in any Non-Lead Securitization; and (iii) the failure to provide to a Non-Lead A Note Holder (if and to the
extent required under the applicable Non-Lead Servicing Agreement) reports required under the Securities Exchange Act of 1934,
as amended, and the rules and regulations thereunder, in a timely fashion. Upon the occurrence of a Servicer Termination Event
with respect to any Non-Lead A Note Holder, the Trustee under the Lead Securitization shall, upon the direction of the related
Holder, require the appointment of a subservicer with respect to the related Note or termination of the Master Servicer or Special
Servicer, as applicable;

 

(xvii)          the
Special Servicing Fee for the Mortgage Loan and any related REO Property shall be calculated at a rate not in excess of 0.25% per
annum and shall accrue only while the Mortgage Loan is specially serviced or after the Mortgaged Property has become REO Property;

 

(xviii)          subject
to various adjustments and caps provided for in the Lead Securitization Servicing Agreement, which shall be substantially similar
to those set forth in the pooling and servicing agreement for CSAIL 2017-C8, the Liquidation Fee for the Mortgage Loan if it is
a Specially Serviced Mortgage Loan or REO Property as to which a Liquidation Fee is payable shall not exceed 0.50% of the proceeds
of a full, partial or discounted payoff or the Net Liquidation Proceeds (as defined in the Lead Securitization

 

Co-Lender Agreement 

(Two Independence Square)

 

    	-61- 

     

    

 

Servicing Agreement)
related to a liquidation or repurchase of the Mortgage Loan, in each case exclusive of any portion of such payoff or Net Liquidation
Proceeds (as defined in the Lead Securitization Servicing Agreement) that represents Penalty Charges;

 

(xix)          subject
to various adjustments and caps provided for in the Lead Securitization Servicing Agreement, which shall be substantially similar
to those set forth in the pooling and servicing agreement for CSAIL 2017-C8, the Workout Fee (as defined in the Lead Securitization
Servicing Agreement) for the Mortgage Loan shall not exceed 0.50% of each collection of interest and principal on the Mortgage
Loan;

 

(xx)          the
Trustee under the Lead Securitization Servicing Agreement shall promptly notify the trustee and the master servicer under any Non-Lead
Servicing Agreement of any resignation, termination or replacement of the Master Servicer, the Special Servicer or an applicable
primary servicer or the effectiveness of any designation of a new Master Servicer, Special Servicer or applicable primary servicer
(together with the relevant contact information); and

 

(xxi)         any
conflict between the terms of this Agreement and the Lead Securitization Servicing Agreement shall be resolved in favor of this
Agreement.

 

(d)          Each
Non-Lead A Note Holder acknowledges and agrees that it shall cause the Non-Lead Servicing Agreement related to the Non-Lead Securitization
that includes its respective Note to provide that:

 

(i)          the
applicable master servicer, special servicer and trustee for such Non-Lead Securitization shall be required to notify the master
servicer, special servicer and trustee of the Lead Securitization and each other Non-Lead Securitization of any monthly principal
and interest advance it has made with respect to the applicable Note included in such Non-Lead Securitization within two Business
Days of making such advance;

 

(ii)          if
the applicable master servicer, special servicer or trustee determines that a proposed monthly principal and interest advance with
respect to the related Note, if made, or any outstanding monthly principal and interest advance previously made, would be, or is,
as applicable, a “nonrecoverable advance,” the master servicer shall provide the Master Servicer and each master servicer
in any other Non-Lead Securitization written notice of such determination within 2 Business Days after such determination was made;

 

(iii)          if
the related Holder of such Note is responsible for its proportionate share of any Nonrecoverable Property Advances (or any other
portion of a Nonrecoverable Property Advance) (and Advance Interest Amount thereon) or other fee or expense pursuant to Section
9, and that if funds received with respect to such Note are insufficient to cover such amounts, (x) the related master servicer
under the related Non-Lead Servicing Agreement will be required to pay the Master Servicer, Special Servicer or Trustee under the
Lead Securitization 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 Securitization Servicing Agreement permits

 

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    	-62- 

     

    

 

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

 

(v)          (a)
each of the Master Servicer and the Trustee under the Lead Securitization Servicing Agreement will be a third party beneficiary
under the applicable Non-Lead Servicing Agreement with respect to any provisions therein relating to (1) the reimbursement of any
Nonrecoverable Property Advances made by the Master Servicer or the Trustee under the Lead Securitization Servicing Agreement with
respect to the applicable Note included in such Non-Lead Securitization 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 Non-Lead Servicing Agreement and relating to the applicable
Note included in such Non-Lead Securitization 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 Property
Advances made by the Special Servicer (it being understood that the Special Servicer is not required to make any Property Advances)
with respect to such Note included in such Non-Lead Securitization 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 Non-Lead Servicing Agreement and relating to the applicable Note included in such
Non-Lead Securitization; and

 

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

 

(e)           Each
Non-Lead A Note Holder shall give each of the parties to the Lead Securitization Servicing Agreement (that will not also be a party
to the Non-Lead Servicing Agreement related to the Non-Lead Securitization that will include the related Non-Lead A Note) notice
of the related Non-Lead Securitization in writing (which may be by e-mail) not less than 5 business days’ prior to the closing
of such Non-Lead Securitization. Such notice shall contain contact information for each of the parties to the applicable Non-Lead
Servicing Agreement. In

 

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    	-63- 

     

    

 

addition, after the closing of the applicable Non-Lead Securitization, each Non-Lead A Note Holder shall
send (i) to each of the parties to the Lead Securitization Servicing Agreement a copy of the related Non-Lead Servicing Agreement
to each of the parties to the Lead Securitization Servicing Agreement and (ii) notice of any subsequent change in the identity
of the master servicer under the related Non-Lead Servicing Agreement or the party designated to exercise the rights of such Non-Controlling
Holder under this Agreement (together with the relevant contact information).

 

(f)          Following
the closing of the Lead Securitization, upon receipt of written notice (which may be by email) of the closing of any Non-Lead Securitization,
the Depositor shall provide the depositor under the related Non-Lead Servicing Agreement with a copy of the Lead Securitization
Servicing Agreement in an EDGAR-compatible format.

 

(g)          If
a Non-Lead Securitization closes prior to the Lead Securitization, the Lead Note Holder shall provide written notice of the closing
of such Lead Securitization to the depositor and trustee of each Non-Lead Securitization and, promptly upon the execution of the
Lead Securitization Servicing Agreement (but not later than one business day after the day on which such document is executed),
shall provide a copy of the Lead Securitization Servicing Agreement in an EDGAR-compatible format.

 

[NO FURTHER TEXT ON THIS PAGE]

 

Co-Lender Agreement 

(Two Independence Square)

 

    	-64- 

     

    

 

 

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

 

	 	Initial Note A-1 Holder:
	 	 
	 	COLUMN FINANCIAL, INC.
	 	 	 
	 	By:	/s/  David Tlusty
	 	 	Name:             David Tlusty
	 	 	Title:
           Authorized Signatory

 

	 	Initial Note A-2 Holder:
	 	 
	 	COLUMN FINANCIAL, INC.
	 	 	 
	 	By:	/s/  David Tlusty
	 	 	Name:
               David Tlusty
	 	 	Title:
           Authorized Signatory

 

	 	Initial Note A-3-A Holder:
	 	 
	 	COLUMN FINANCIAL, INC.
	 	 	 
	 	By:	/s/  David Tlusty
	 	 	Name:             David Tlusty
	 	 	Title:
           Authorized Signatory

 

	 	Initial Note A-3-B Holder:
	 	 
	 	COLUMN FINANCIAL, INC.
	 	 	 
	 	By:	/s/  David Tlusty
	 	 	Name:
                David Tlusty
	 	 	Title:
           Authorized Signatory

 

Co-Lender
Agreement (Two Independence Square)

 

    

     

    

 

	 	Initial Note B Holder:
	 	 
	 	COLUMN FINANCIAL, INC.
	 	 	 
	 	By:	/s/  David Tlusty
	 	 	Name:             David Tlusty
	 	 	Title:
           Authorized Signatory

 

Co-Lender
Agreement (Two Independence Square)

 

    

     

    

 

SCHEDULE 1

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.

DLJ Real Estate Capital Partners

Land-Lease Real Estate Investments

JER Partners

Rialto Capital Management

Raith Capital Partners

Torchlight Investors, LLC

 

Co-Lender Agreement

Two Independence Square)

 

    

     

    

 

EXHIBIT A

 

MORTGAGE LOAN SCHEDULE

 

A.       Description
of Mortgage Loan

 

	Mortgage Loan Borrower:	Two Independence HANA OW, LLC.
	Date of Mortgage Loan:	July 6, 2017
	Initial Principal Amount of Mortgage Loan:	$225,700,000
	Closing Date Mortgage Loan Principal Balance:	$225,700,000
	Location of Mortgaged Property:	300 E Street Southwest, Washington, District of Columbia, 20024
	Current Use of Mortgaged Property:	Office Property
	Mortgage Interest Rate:	3.23000% per annum
	Mortgage Default Rate:	7.23000% per annum 
	Maturity Date:	July 6, 2022
	Extension Fee:	N/A
	Prepayment Fee:	N/A

 

B.       Description
of Notes

 

	Closing Date	 
	Initial Note A-1 Principal Balance	$64,000,000
	Initial Note A-2 Principal Balance	$30,000,000
	Initial Note A-3-A Principal Balance	$45,000,000
	Initial Note A-3-B Principal Balance	$25,000,000
	Initial Note B Principal Balance	$61,700,000

 

Co-Lender Agreement

Two Independence Square)

 

    A-1

     

    

 

	Approximate Initial Note A-1 Percentage Interest	28.356%
	Approximate Initial Note A-2 Percentage Interest	13.292%
	Approximate Initial Note A-3-A Percentage Interest	19.938%
	Approximate Initial Note A-3-B Percentage Interest	11.077%
	Approximate Initial Note B Percentage Interest	27.337%
	Note A-1 Interest Rate:	3.23000% per annum
	Note A-2 Interest Rate:	3.23000% per annum
	Note A-3-A Interest Rate:	3.23000% per annum
	Note A-3-B Interest Rate:	3.23000% per annum
	Note B Interest Rate:	3.23000% per annum
	Note A-1 Default Interest Rate:	7.23000% per annum 
	Note A-2 Default Interest Rate:	7.23000% per annum 
	Note A-3-A Default Interest Rate:	7.23000% per annum 
	Note A-3-B Default Interest Rate:	7.23000% per annum 
	Note B Default Interest Rate:	7.23000% per annum 

 

Co-Lender Agreement

Two Independence Square) 

 

    A-2

     

    

 

EXHIBIT B

 

NOTICES

 

1.       Initial
Note A Holder:

 

(Prior to Securitization
of Note A-1, Note A-2, Note A-3A and Note A-3B):

 

Column Financial, Inc.

Notice Address:

Column Financial, Inc.

One Madison Avenue

New York, New York 10010

General Counsel’s Office

Attention: Sarah Nelson, Esq.

Facsimile No.: (212) 743-2823

 

with a copy to:

Column Financial, Inc.

Eleven Madison Avenue

New York, New York 10010

Attention: N. Dante LaRocca

Facsimile No.: (646) 935-8520

 

with a copy to:

Cadwalader, Wickersham & Taft LLP

One World Financial Center

New York, New York 10281

Attention: Melissa C. Hinkle, Esq.

Facsimile No.: (212) 504-6666

 

2.       Initial
Note B Holder:

 

(Prior to Securitization
of Note B):

 

Co-Lender Agreement

Two Independence Square)

 

    B-1

     

    

 

Column Financial, Inc.

Notice Address:

Column Financial, Inc.

One Madison Avenue

New York, New York 10010

General Counsel’s Office

Attention: Sarah Nelson, Esq.

Facsimile No.: (212) 743-2823

 

with a copy to:

Column Financial, Inc.

Eleven Madison Avenue

New York, New York 10010

Attention: N. Dante LaRocca

Facsimile No.: (646) 935-8520

 

with a copy to:

Cadwalader, Wickersham & Taft LLP

One World Financial Center

New York, New York 10281

Attention: Melissa C. Hinkle, Esq.

Facsimile No.: (212) 504-6666

 

(Following Securitization
of Note A-1):

 

		(i)	Depositor:

Credit Suisse Commercial Mortgage Securities Corp.

11 Madison Avenue

New York, New York 10010

Attention: Chuck Lee

Fax number: (212) 322-0965

Email: chuck.lee@credit-suisse.com

 

with a copy to:

Column Financial, Inc.

One Madison Avenue

New York, New York 10010

General Counsel’s Office

Attention: Sarah Nelson, Esq.

Facsimile No.: (212) 743-2823

 

Co-Lender Agreement

Two Independence Square)

 

    B-2

     

    

 

		(ii)	Servicer:

KeyBank National Association

11501 Outlook Street, Suite 300

Overland Park, Kansas 66211

Attention: Diane Haislip

Facsimile: 877-379-1625

Email: diane_c_haislip@keybank.com

 

with a copy to:

Polsinelli PC

900 West 48th Place, Suite 900

Kansas City, Missouri 64112

Attention: Kraig Kohring

Facsimile: 816-753-1536

Email: kkohring@polsinelli.com

 

		(iii)	Special Servicer:

AEGON USA Realty Advisors, LLC,

4333 Edgewood Road NE,

Cedar Rapids, IA 52499

Attention: Vice President, Special Servicing

Fax number: (319) 355-8030

 

		(iv)	Certificate Administrator:

                                         

                                         Wells Fargo Bank, National Association

                                         9062 Old Annapolis Road

                                         Columbia, Maryland 21045-1951

                                         Attention: Corporate Trust Services (CMBS)

                                         CSMC 2017-MOON

                                         Fax Number: (410) 715-2380

                                         E Mail: cts.cmbs.bond.admin@wellsfargo.com, 

cts.sec.notifications@wellsfargo.com and
                                         to

                                         trustadministrationgroup@wellsfargo.com

 

Co-Lender Agreement

Two Independence Square)

 

    B-3

     

    

 

		(v)	Trustee:

Wells Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045-1951

Attention: Corporate Trust Services (CMBS)

CSMC 2017-MOON

Fax Number: (410) 715-2380

E Mail: cts.cmbs.bond.admin@wellsfargo.com, and to

trustadministrationgroup@wellsfargo.com

 

		(vi)	Operating Advisor:

Park Bridge Lender Services LLC

600 Third Avenue, 40th Floor

New York, New York 10016

Attention: CSMC 2017-MOON – Surveillance Manager

with copies sent contemporaneously via email to:

cmbs.notices@parkbridgefinancial.com

 

Co-Lender Agreement

Two Independence Square)

 

    B-4Exhibit
4.12

 

EXECUTION VERSION 

	 

  

AGREEMENT BETWEEN NOTE HOLDERS

 

Dated as of September 29, 2017

 

by and between

 

COLUMN FINANCIAL, INC.

(Initial Note A-1 Holder)

 

And

 

COLUMN FINANCIAL, INC.

(Initial Note A-2 Holder)

 

The Boulders Resort & Spa

 

	 

     

     

    

 

TABLE OF CONTENTS

 

	 	 	Page
	 	 	 
	Section 1.	Definitions	1
	Section 2.	Servicing of the Mortgage Loan	14
	Section 3.	Priority of Payments	26
	Section 4.	Workout	27
	Section 5.	Administration of the Mortgage Loan	27
	Section 6.	Rights of the Controlling Note Holder and Non-Controlling
Note Holders	32
	Section 7.	Appointment of Special Servicer	35
	Section 8.	Payment Procedure	35
	Section 9.	Limitation on Liability of the Note Holders	37
	Section 10.	Bankruptcy	37
	Section 11.	Representations of the Note Holders	38
	Section 12.	No Creation of a Partnership or Exclusive Purchase
Right	38
	Section 13.	Other Business Activities of the Note Holders	38
	Section 14.	Sale of the Notes	39
	Section 15.	Registration of the Notes and Each Note Holder	42
	Section 16.	Governing Law; Waiver of Jury Trial	42
	Section 17.	Submission To Jurisdiction; Waivers	43
	Section 18.	Modifications	43
	Section 19.	Statement of Intent	43
	Section 20.	Successors and Assigns; Third Party Beneficiaries	44
	Section 21.	Counterparts	44
	Section 22.	Captions	44
	Section 23.	Severability	44
	Section 24.	Entire Agreement	44
	Section 25.	Withholding Taxes	44
	Section 26.	Custody of Mortgage Loan Documents	45
	Section 27.	Cooperation in Securitization	46
	Section 28.	Notices	47
	Section 29.	Broker	47
	Section 30.	Certain Matters Affecting the Agent	47
	Section 31.	Reserved	48
	Section 32.	Resignation or Termination of Agent	48
	Section 33.	Resizing	48

 

    -i- 

     

    

 

This AGREEMENT BETWEEN
NOTE HOLDERS (this “Agreement”), dated as of September 29, 2017 by and between COLUMN FINANCIAL, INC., a Delaware
corporation (“Column” and, together with its successors and assigns in interest, in its capacity as initial
owner of Note A-1 described below, the “Initial Note A-1 Holder” and, in its capacity as the initial agent,
the “Initial Agent”) and COLUMN FINANCIAL, INC., a Delaware corporation (“Column” and, together
with its successors and assigns in interest, in its capacity as initial owner of Note A-2 described below, the “Initial
Note A-2 Holder”; Initial Note A-1 Holder and Initial Note A-2 Holder are referred to collectively herein
as the “Initial Note Holders”).

 

W I T N E S S E T H:

 

WHEREAS, pursuant to
the Mortgage Loan Agreement (as defined herein), Column, originated a certain loan (the “Mortgage Loan”) described
on the schedule attached hereto as Exhibit A (the “Mortgage Loan Schedule”) to the mortgage loan borrower
described on the Mortgage Loan Schedule (collectively, the “Mortgage Loan Borrower”), evidenced, inter alia,
by two (2) promissory notes, each executed as of August 31, 2017, and made by the Mortgage Loan Borrower as follows: Promissory
Note A-1, in favor of Column, as lender, in the original principal amount of $50,000,000.00 (“Note A-1”) and
Promissory Note A-2, in favor of Column, as lender, in the original principal amount of $23,000,000.00 (“Note A-2”).
The Notes are secured by a first priority deed of trust (as amended, modified or supplemented, the “Mortgage”)
on certain real property located as described on the Mortgage Loan Schedule (the “Mortgaged Property”);

 

WHEREAS, each Initial
Note Holder desires to enter into this Agreement to memorialize the terms under which they, and their successors and assigns, shall
hold the Notes;

 

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

 

Section 1.      Definitions. References to a “Section” or the “recitals” are, unless otherwise specified,
to a Section or the recitals of this Agreement. Capitalized terms not otherwise defined herein shall have the meaning ascribed
thereto in the Lead Securitization Servicing Agreement. 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 set forth in the Lead Securitization Servicing Agreement.

 

“Affiliate”
shall have the meaning set forth in the Lead Securitization Servicing Agreement.

 

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

 

     

     

    

 

“Agent Office”
shall mean the designated office of the Agent, which office, as of the date of this Agreement, is the office of the Initial Note
A-1 Holder listed on Exhibit B hereto, and which is the address to which notices to and correspondence with the Agent should
be directed. The Agent may change the address of its designated office by notice to the Note Holders.

 

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

 

“Approved Sample
PSA” means the pooling and servicing agreement that governs the commercial mortgage-backed securities transaction commonly
known as CSAIL 2016-C7 Commercial Mortgage Trust.

 

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

 

“Asset Representations
Reviewer” shall mean the asset representations reviewer appointed as provided in the Lead Securitization Servicing Agreement.

 

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

 

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

 

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

 

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

 

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

 

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

 

“Commission”
shall have the meaning assigned to such term in Section 2(h)(viii).

 

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

 

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

 

     -2-

     

    

 

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

 

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

 

“Controlling
Note” shall mean Note A-1.

 

“Controlling
Note Holder” shall mean the holder of the Controlling Note; provided that at any time the Controlling Note is
included in a Securitization, references to the “Controlling Note Holder” herein shall mean the holders of the majority
of the class of securities issued in such Securitization designated as the “controlling class” or any other party that
is assigned the rights to exercise the rights of the “Controlling Note Holder” hereunder, as and to the extent provided
in the related Securitization Servicing Agreement; including without limitation, subject to any restrictions applicable to the
Mortgage Loan Borrower or affiliates of the Mortgage Loan Borrower provided in the Lead Securitization Servicing Agreement.

 

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

 

“Custodian”
shall mean the custodian appointed as provided in the Lead Securitization Servicing Agreement.

 

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

 

“Defaulted Loan”
shall have the meaning set forth in the Securitization Servicing Agreement.

 

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

 

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

 

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

 

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

 

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

 

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

 

     -3-

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

“Interim Servicing
Agreement” shall mean that certain interim servicing agreement between KeyBank National Association and Column dated
as of June 30, 2002 (as may be amended from time to time).

 

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

 

     -4-

     

    

 

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

 

“Lead Securitization”
shall mean (a) if the First Securitization is also the Note A-1 Securitization, such First Securitization and (b) if
the First Securitization is not also the Note A-1 Securitization, then (i) for the period from the closing date of the
First Securitization until the Note A-1 Securitization Date, the First Securitization and (ii) on and after the Note A-1
Securitization Date, the Note A-1 Securitization.

 

“Lead Securitization
Directing Certificateholder” shall mean the “Directing Certificateholder” as defined in the Lead Securitization
Servicing Agreement.

 

“Lead Securitization
Note” shall mean Note A-1.

 

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

 

“Lead Securitization
Servicing Agreement” shall mean, as of any date of determination, the pooling and servicing agreement that governs the
Securitization that is then the Lead Securitization; provided that during any period that the Mortgage Loan is no longer
subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement”
shall be determined in accordance with the second paragraph of Section 2(a).

 

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

 

“Major Decisions”
shall mean “Major Decisions” as defined in the Lead Securitization Servicing Agreement.

 

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

 

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

 

“Mortgage Loan
Agreement” shall mean the Loan Agreement, dated as of August 31, 2017, between Column, as lender, and the Mortgage Loan
Borrower, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms
hereof.

 

     -5-

     

    

 

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

 

“Mortgage Loan
Borrower Related Party” shall have the meaning assigned to such term in Section 13.

 

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

 

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

 

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

 

“New Notes”
shall have the meaning assigned to such term in Section 33.

 

“Non-Controlling
Note” means any Note (other than the Controlling Note), including any New Note designated as a “Non-Controlling
Note” hereunder pursuant to Section 33.

 

“Non-Controlling
Note Holder” means any holder of a Non-Controlling Note; provided that at any time such holder’s respective
Note is included in a Securitization, references to such “Non-Controlling Note Holder” herein shall mean the holders
of the majority of the class of securities issued in such Securitization designated as the “controlling class” (or
analogous term) or such other party assigned the rights to exercise the rights of such “Non-Controlling Note Holder”
hereunder, as and to the extent provided in the related Securitization Servicing Agreement (including, without limitation, subject
to any restrictions applicable to the Mortgage Loan Borrower or affiliates of the Mortgage Loan Borrower provided in the Non-Lead
Securitization Servicing Agreement) and as to the identity of which the Lead Securitization Note Holder (and the Master Servicer
and the Special Servicer) has been given written notice. The Lead Securitization Note Holder (or the Master Servicer or the Special
Servicer acting on its behalf) shall not be required at any time to deal with more than one party as the representative of the
“controlling class” holder(s) in respect of any Note that is exercising the rights of a “Non-Controlling Note
Holder” herein or under the Lead Securitization Servicing Agreement (it being understood for the avoidance of doubt that
the Lead Securitization Note Holder (or the Master Servicer or Special Servicer on its behalf) may additionally need to deal with
the master servicer, special servicer or other person party to the related Securitization Servicing Agreement) and (x) to
the extent that the related Securitization Servicing Agreement assigns such rights to more than one such party or (y) to the
extent any Note is split into two or more New Notes pursuant to Section 33, for purposes of this Agreement, each applicable
Securitization Servicing Agreement shall designate one such party to deal with the Lead Securitization Note Holder (or the Master
Servicer or the Special Servicer acting on its behalf) and provide written notice of such designation to the Lead Securitization
Note Holder (and the Master Servicer and the Special Servicer acting on its behalf); provided that, in the absence of such
designation and notice, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its

 

     -6-

     

    

 

behalf)
shall be entitled to treat the last party as to which it has received written notice as having been designated as a Non-Controlling
Note Holder, as a Non-Controlling Note Holder under this Agreement.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Non-Lead Securitization
Servicing Agreement” shall mean from and after the date a Non-Lead Securitization Note is included in a Non-Lead Securitization,
the pooling and

 

     -7-

     

    

 

servicing agreement, trust and servicing agreement or servicing agreement entered into in connection with such
Non-Lead Securitization.

 

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

 

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

 

“Non-Securitizing
Note Holder” shall mean, with respect to a Securitization, each Note Holder that is not a Securitizing Note Holder with
respect to such Securitization.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

     -8-

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

“Operating Advisor”
shall mean the operating advisor appointed as provided in the Lead Securitization Servicing Agreement.

 

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

 

“Percentage
Interest” shall mean, with respect to any Note Holder, a fraction, expressed as a percentage, the numerator of which
is the principal balance of the related Note and the denominator of which is the principal balance of the Mortgage Loan.

 

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

 

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

 

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

 

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

 

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

 

     -9-

     

    

 

(b)          the trustee on behalf of the trust certificates issued pursuant to a master trust agreement involving a CDO comprised of,
or other securitization vehicle involving, assets deposited or transferred by a Note Holder and/or one or more Affiliates (whether
with assets from others or not), provided that the securities issued in connection with such CDO or other securitization
vehicle are rated by each of the Rating Agencies that assigned a rating to one or more classes of securities issued in connection
with the Lead Securitization, or

 

(c)          one
or more of the following:

 

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

 

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

 

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

 

     -10-

     

    

 

(iv)        an
investment fund, limited liability company, limited partnership or general partnership having capital and/or capital commitments
of at least $250,000,000, in which (A) any Initial Note Holder, (B) a person that is otherwise a Qualified Institutional
Lender under clause (i), (ii) or (v) (with respect to an institution substantially similar to the entities
referred to in clause (i) or (ii) above), or (C) a Permitted Fund Manager, acts as a general partner,
managing member, or the fund manager responsible for the day-to-day management and operation of such investment vehicle and provided
that at least 50% of the equity interests in such investment vehicle are owned, directly or indirectly, by one or more entities
that are otherwise Qualified Institutional Lenders (without regard to the capital surplus/equity and total asset requirements
set forth below in the definition), or

 

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

 

in the case of any entity referred to in
clause (c)(i), (ii), (iv)(B) or (v) of this definition, (x) such entity has at least $200,000,000
in capital/statutory surplus or shareholders’ equity (except with respect to a pension advisory firm or similar fiduciary)
and at least $600,000,000 in total assets (in name or under management), and (y) is regularly engaged in the business of making
or owning commercial real estate loans (or interests therein) similar to the Mortgage Loan (or mezzanine loans with respect thereto)
or owning or operating commercial real estate properties; provided that, in the case of the entity described in clause (iv)(B)
above, the requirements of this clause (y) may be satisfied by a general partner, managing member, or the fund manager
responsible for the day-to-day management and operation of such entity; or

 

(d)          any entity Controlled by any of the entities described in clause (c) (other than clause (c)(iii)) above
or that is the subject of a Rating Agency Confirmation as a Qualified Institutional Lender for purposes of this Agreement from
each of the Rating Agencies engaged by the Depositor and any Non-Lead Depositor to rate the securities issued by the related Securitization
Trust.

 

“Qualified Trustee”
means (i) a corporation, national bank, national banking association or a trust company, organized and doing business under
the laws of any state or the United States of America, authorized under such laws to exercise corporate trust powers and to accept
the trust conferred, having a combined capital and surplus of at least $50,000,000 and subject to supervision or examination by
federal or state authority, (ii) an institution insured by the Federal Deposit Insurance Corporation or (iii) an institution
whose long-term senior unsecured debt is rated in either of the then in effect top two rating categories of each of the applicable
Rating Agencies (or, if not rated by an applicable Rating Agency, an equivalent (or higher) rating from any two of Fitch, Moody’s
and S&P).

 

“Rating Agencies”
shall mean DBRS, Fitch, KBRA, Moody’s, Morningstar and S&P and their respective successors in interest or, if any of
such entities shall for any reason no longer perform the functions of a securities rating agency, any other nationally recognized
statistical rating agency reasonably engaged by any Note Holder to rate the securities issued in connection with the Securitization
of the related Note; provided that, at any time during which one or more of the Notes is an asset of one or more Securitizations,
“Rating Agencies” or

 

     -11-

     

    

 

“Rating Agency” shall mean only those rating agencies that are engaged
by the related depositor (or its Affiliate) from time to time to rate the securities issued in connection with the Securitizations
of the Notes.

 

“Rating Agency
Communication” shall mean, with respect to any action and any Securitization, any written communication intended for
a Rating Agency, which shall be delivered at least ten (10) Business Days prior to completing such action, in electronic document
format suitable for website posting to the 17g-5 information provider under the applicable Securitization Servicing Agreement.

 

“Rating Agency
Confirmation” shall mean, with respect to any Securitization, a confirmation in writing by each of the applicable Rating
Agencies for such Securitization 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 securities issued pursuant to such Securitization that are then outstanding. If no such securities are outstanding
with respect to any Securitization, any action that would otherwise require a Rating Agency Confirmation shall instead require
the consent of the Lead Securitization Note Holder, which consent shall not be unreasonably withheld or delayed. For the purposes
of this Agreement, if any Rating Agency shall waive, decline or refuse to review or otherwise engage any request for Rating Agency
Confirmation hereunder, such waiver, declination, or refusal shall be deemed to eliminate, for such request only, the condition
that a Rating Agency Confirmation by such Rating Agency (only) be obtained for purposes of this Agreement. For purposes of clarity,
any such waiver, declination or refusal to review or otherwise engage in any request for a Rating Agency Confirmation hereunder
shall not be deemed a waiver, declination or refusal to review or otherwise engage in any subsequent request for a Rating Agency
Confirmation hereunder and the condition for 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.

 

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

 

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

 

“Reimbursement
Rate” shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement, but in no case shall
be greater than the “Reimbursement Rate” as defined in the Approved Sample PSA.

 

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

 

     -12-

     

    

 

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

 

“Required Special
Servicer Rating” shall mean with respect to a special servicer (i) in the case of Fitch, a rating of “CSS3”,
(ii) in the case of S&P, such special servicer is on S&P’s Select Servicer List as a U.S. Commercial Mortgage
Special Servicer, (iii) in the case of Moody’s, such special servicer is acting as special servicer for one or more
loans included in a commercial mortgage loan securitization that was rated by Moody’s within the twelve (12) month period
prior to the date of determination, and Moody’s has not downgraded or withdrawn the then-current rating on any class of commercial
mortgage securities or placed any class of commercial mortgage securities on watch citing the continuation of such special servicer
as special servicer of such commercial mortgage loans, (iv) in the case of Morningstar, such special servicer has a ranking
by Morningstar equal to or higher than “MOR CS3” as a special servicer, provided that if Morningstar has not
issued a ranking with respect to such special servicer, such special servicer is acting as special servicer in a commercial mortgage
loan securitization that was rated by a Rating Agency within the twelve (12) month period prior to the date of determination, and
Morningstar has not downgraded or withdrawn the then-current rating on any class of commercial mortgage securities or placed any
class of commercial mortgage securities on watch citing the continuation of such special servicer as special servicer of such commercial
mortgage securities, (v) in the case of KBRA, KBRA has not cited servicing concerns of such special servicer as the sole or
material factor in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation
of a ratings downgrade or withdrawal) of securities in a transaction serviced by such special servicer prior to the time of determination,
and (vi) in the case of DBRS, such special servicer is acting as special servicer in a commercial mortgage loan securitization
that was rated by DBRS within the twelve (12) month period prior to the date of determination 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 special servicer as special servicer of such commercial mortgage securities as a material
reason for such downgrade or withdrawal.

 

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

 

“Securities
Act” shall mean the Securities Act of 1933.

 

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

 

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

 

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

 

     -13-

     

    

 

“Securitization
Trust” shall mean a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“U.S. Person”
shall mean a citizen or resident of the United States, a corporation or partnership (except to the extent provided in applicable
Treasury Regulations) created or organized in or under the laws of the United States, any State thereof or the District of Columbia,
including any entity treated as a corporation or partnership for federal income tax purposes, or an estate whose income is subject
to United States federal income tax regardless of its source, or a trust if a court within the United States is able to exercise
primary supervision over the administration of such trust, and one or more such U.S. Persons have the authority to control all
substantial decisions of such trust (or, to the extent provided in applicable Treasury Regulations, a trust in existence on August 20,
1996 which is eligible to elect to be treated as a U.S. Person).

 

Section 2.      Servicing of the Mortgage Loan.

 

     -14-

     

    

 

(a)          Each Note Holder acknowledges and agrees that, subject in each case to this Agreement, the Mortgage Loan shall be serviced
prior to the Securitization Date pursuant to the Interim Servicing Agreement, and from and after the Securitization Date by the
Master Servicer and the Special Servicer pursuant to the terms of this Agreement and the Lead Securitization Servicing Agreement;
provided that the Master Servicer shall not be obligated to make advance monthly payments of principal and interest in respect
of any Note other than the Lead Securitization Note if such principal or interest is not paid by the Mortgage Loan Borrower but
shall be obligated to make Servicing Advances, subject to the terms of the Lead Securitization Servicing Agreement. Each Note Holder
acknowledges that any other Note Holder may elect, in its sole discretion, to include its Note in a Securitization and agrees that
it will, subject to Section 27, reasonably cooperate with such other Note Holder, at such other Note Holder’s
expense, to effect such Securitization. Subject to the terms and conditions of this Agreement, each Note Holder hereby irrevocably
and unconditionally consents to the appointment of the Master Servicer and the Trustee under the Lead Securitization Servicing
Agreement by the Depositor and the appointment of the Special Servicer as the initial Special Servicer by the Controlling Note
Holder and agrees to reasonably cooperate with the Master Servicer and the Special Servicer with respect to the servicing of the
Mortgage Loan in accordance with the Lead Securitization Servicing Agreement. Each Note Holder hereby appoints the Master Servicer,
the Special Servicer and the Trustee in the Lead Securitization as such Note Holder’s attorney-in-fact to sign any documents
reasonably required with respect to the administration and servicing of the Mortgage Loan on its behalf under the Lead Securitization
Servicing Agreement (subject at all times to the rights of such Note Holder set forth herein and in the Lead Securitization Servicing
Agreement). The Lead Securitization Servicing Agreement shall not require the Servicer to enforce the rights of one Note Holder
against the other Note Holder, and shall not limit the Servicer in enforcing the rights of one Note Holder against any other Note
Holder, as may be required in order to service the Mortgage Loan as contemplated by this Agreement and the Lead Securitization
Servicing Agreement; provided that it is also understood and agreed that nothing in this sentence shall be construed to
otherwise limit the rights of one Note Holder with respect to any other Note Holder. Each Servicer shall be required pursuant to
the Lead Securitization Servicing Agreement (i) to service the Mortgage Loan in accordance with the Servicing Standard, the
terms of the Mortgage Loan Documents, the Lead Securitization Servicing Agreement and applicable law, (ii) to provide information
to each servicer under each Non-Lead Securitization Servicing Agreement necessary to enable each such servicer to perform its servicing
duties under each Non-Lead Securitization Servicing Agreement, and (iii) to not take any action or refrain from taking any
action or follow any direction inconsistent with the foregoing.

 

At any time that the
Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the Note Holders agree to
cause the Mortgage Loan to be serviced by one or more servicers, each of which has been agreed upon by the Note Holders, pursuant
to a servicing agreement that has servicing terms substantially similar to the Lead Securitization Servicing Agreement and all
references herein to the “Lead Securitization Servicing Agreement” shall mean such subsequent servicing agreement;
provided that if a Non-Lead Securitization Note is in a Securitization and the servicer(s) to be appointed under such replacement
servicing agreement would not otherwise meet the conditions to be a servicer under the Lead Securitization Servicing Agreement
that is being replaced, then a Rating Agency Confirmation shall have been obtained from each Rating Agency with respect to the
securities

 

     -15-

     

    

 

issued in connection with such Securitization for such Non-Lead Securitization Note; provided further, that until
a replacement servicing agreement has been entered into, the Lead Securitization Note Holder shall cause the Mortgage Loan to be
serviced pursuant to the provisions of the Lead Securitization Servicing Agreement, as if such agreement were still in full force
and effect with respect to the Mortgage Loan, by the applicable Servicer in the Lead Securitization or by any Person appointed
by the Lead Securitization Note Holder that is a qualified servicer meeting the requirements of the Lead Securitization Servicing
Agreement. The Note Holders acknowledge that at any time that the Mortgage Loan is no longer subject to the provisions of the Lead
Securitization Servicing Agreement, the Master Servicer shall have no further obligation to make P&I Advances with respect
to the Mortgage Loan.

 

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

 

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

 

     -16-

     

    

 

such amounts. Each Non-Lead Securitization Note Holder agrees to indemnify (as and
to the same extent the Lead Securitization Trust is required to indemnify each of the following parties in respect of other mortgage
loans in the Lead Securitization Trust pursuant to the terms of the Lead Securitization Servicing Agreement) each of the Depositor,
the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee and the Operating Advisor (and any director,
officer, employee or agent of any of the foregoing, to the extent such parties are identified as indemnified parties in the Lead
Securitization Servicing Agreement in respect of other mortgage loans) (the “Indemnified Parties”) against any
claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any other costs, liabilities, fees and
expenses incurred in connection with servicing and administration of the Mortgage Loan (or, with respect to the Operating Advisor,
incurred in connection with the provision of services for the Mortgage Loan) under the Lead Securitization Servicing Agreement
(collectively, the “Indemnified Items”) to the extent of its pro rata share of such Indemnified Items,
and to the extent amounts on deposit in the related “Companion Distribution Account” are insufficient for reimbursement
of such amounts, each Non-Lead Securitization Note Holder shall be required to, promptly following notice from the Master Servicer,
the Special Servicer or the Trustee, reimburse each of the applicable Indemnified Parties for its pro rata share of the
insufficiency; provided that a Non-Lead Securitization Note Holder’s duty to pay, if any, Indemnified Items to the
Operating Advisor shall be subject to any limitations and conditions (including limitations and conditions with respect to the
timing of such payments and the sources of funds for such payments) as may be set forth from time to time in the related Non-Lead
Securitization Servicing Agreement with respect to the Non-Lead Operating Advisor.

 

Any Non-Lead Master Servicer
(or Non-Lead Trustee (if not made by such Non-Lead Master Servicer)) may be required to make P&I Advances on the respective
Non-Lead Securitization Note, from time to time, subject to the terms of the related Non-Lead Securitization Servicing Agreement,
the Lead Securitization Servicing Agreement and this Agreement. The Master Servicer, the Special Servicer and the Trustee, as applicable,
shall be entitled to make their own recoverability determination with respect to a P&I Advance to be made on the Lead Securitization
Note based on the information that they have on hand and in accordance with the Lead Securitization Servicing Agreement. Any Non-Lead
Master Servicer, Non-Lead Special Servicer or Non-Lead Trustee under any Non-Lead Securitization Servicing Agreement, as applicable,
shall be entitled to make its own recoverability determination with respect to a P&I Advance to be made on the related Non-Lead
Securitization Note based on the information that they have on hand and in accordance with the related Non-Lead Securitization
Servicing Agreement. The Master Servicer or the Trustee, as applicable, and the related Non-Lead Master Servicer or related Non-Lead
Trustee, as applicable, shall each be required to notify the other of the amount of its P&I Advance within two (2) Business
Days of making such advance. If the Master Servicer, the Special Servicer or the Trustee, as applicable (with respect to the Lead
Securitization Note) or a Non-Lead Master Servicer, Non-Lead Special Servicer or Non-Lead Trustee, as applicable (with respect
to a Non-Lead Securitization Note), determines that a proposed P&I Advance, if made, would be non-recoverable or an outstanding
P&I Advance is or would be non-recoverable, or if the Master Servicer, the Special Servicer or the Trustee, as applicable,
subsequently determines that a proposed Servicing Advance would be non-recoverable or an outstanding Servicing Advance is or would
be non-recoverable, then the Master Servicer or the Trustee (as provided in the Lead Securitization Servicing Agreement, in the
case of a determination of non-recoverability by the Master Servicer, the Special Servicer or

 

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

 

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

 

(i)           such Non-Lead Securitization Note Holder shall be responsible for its pro rata share of any Servicing Advances that
are Nonrecoverable Advances (and interest thereon at the Reimbursement Rate) and any additional trust fund expenses under the Lead
Securitization Servicing Agreement, but only to the extent that they relate to servicing and administration of the Notes, including
without limitation, any unpaid Special Servicing Fees, Liquidation Fees and Workout Fees relating to the Notes, and that if the
funds received with respect to each respective Note are insufficient to cover such Servicing Advances or additional trust fund
expenses, (x) the related 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 Operating Advisor, as applicable, out of general collections in the collection account (or equivalent account) established
under such Non-Lead Securitization Servicing Agreement for such Non-Lead Securitization Note Holder’s pro rata share
of any such Servicing Advances that are Nonrecoverable Advances (and interest thereon at the Reimbursement Rate) and/or additional
trust fund expenses under the Lead Securitization Servicing Agreement relating to the Mortgage Loan, and (y) if the Lead Securitization
Servicing Agreement permits the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee or the Operating
Advisor to reimburse itself from the Lead Securitization Trust’s general collections, then the Master Servicer, the Special
Servicer, the Certificate Administrator, the Trustee or the Operating Advisor, as applicable, may do so and the related Non-Lead
Master Servicer will be required to, promptly following notice from the Master Servicer or the Special Servicer, pay or reimburse
the Lead Securitization Trust out of general collections in the collection account (or equivalent account) established under such
Non-Lead Securitization Servicing Agreement for such Non-Lead Securitization Note Holder’s pro rata share of any such
Servicing Advances that are Nonrecoverable Advances (and interest thereon at the Reimbursement Rate) and/or additional trust fund
expenses under the Lead Securitization Servicing Agreement relating to the Mortgage Loan;

 

     -18-

     

    

 

(ii)          each
of the Indemnified Parties shall be indemnified (as and to the same extent the Lead Securitization Trust is required to indemnify
each of such Indemnified Parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the terms of
Lead Securitization Servicing Agreement) by the Securitization Trust holding such Non-Lead Securitization Note, against any of
the Indemnified Items to the extent of its pro rata share of such Indemnified Items, and to the extent amounts on deposit
in the Companion Distribution Account are insufficient for reimbursement of such amounts, the related Non-Lead Master Servicer
will be required to reimburse each of the applicable Indemnified Parties for its pro rata share of the insufficiency out
of general collections in the collection account (or equivalent account) established under such Non-Lead Securitization Servicing
Agreement; provided that a Non-Lead Securitization Servicing Agreement shall be deemed to include the same limitations
and conditions on the payment or reimbursement of Indemnified Items to the Operating Advisor (including limitations and conditions
with respect to the timing of such payments or reimbursements and the sources of funds for such payments or reimbursements) as
may be set forth from time to time in such Non-Lead Securitization Servicing Agreement with respect to such Non-Lead Operating
Advisor.

 

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

 

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

 

(d)          Reserved.

 

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

 

     -19-

     

    

 

Agreement or the Lead Securitization
Servicing Agreement by the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf)
shall be delivered to the master servicer and the special servicer with respect to such Securitization (who then may forward such
items to the party entitled to receive such items as and to the extent provided in the related Securitization Servicing Agreement)
and, when so delivered to such master servicer and the special servicer, the Lead Securitization Note Holder (or the Master Servicer
or the Special Servicer acting on its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items
hereunder or under the Lead Securitization Servicing Agreement; provided however, that all items that relate to any Non-Lead
Depositor’s compliance with any applicable securities laws shall also be delivered to such Non-Lead Depositor.

 

(f)           Each Lead Securitization Servicing Agreement shall also satisfy Moody’s rating methodology for eligible accounts and
permitted investments for a securitization rated “Aaa” by Moody’s. Without limiting the generality of any provision
set forth above, for purposes of the Mortgage Loan, each Lead Securitization Servicing Agreement shall contain (a) provisions
requiring the Master Servicer and the Special Servicer to maintain, or subjecting them to possible termination for not maintaining,
compliance with customary servicer rating criteria (but the rating agencies need not be the same) and, subject to Section 2(h),
(b) provisions substantially similar in all material respects to or materially consistent with those set forth in the Approved
Sample PSA with respect to (i) periodic reporting and periodic delivery of service provider compliance documents under Regulation
AB, (ii) servicing transfer events that would result in the transfer of the Mortgage Loan to special servicing status, (iii) the
authority of the Controlling Note Holder (or the Master Servicer or Special Servicer on its behalf) to grant or agree or consent
to material modifications and waivers of and amendments to the Mortgage Loan, or to approve material assignments and assumptions
or material additional indebtedness in connection with the Mortgage Loan, (iv) the potential termination of the Master Servicer
and Special Servicer following a servicer termination event, (v) requirements to obtain an appraisal or appraisal update following
a transfer of the Mortgage Loan to special servicing status and periodic updates thereof, (vi) duties of the Special Servicer
in respect of foreclosure and the management of REO property, (vii) special servicing, workout and liquidation fees (and,
in any event, the percentage rates at which such compensation accrue or are determined on the applicable amounts shall not exceed
0.25%, 1.00% and 1.00%, respectively, subject, however, to customary market minimum fees and offsets) and (viii) indemnification
of the Non-Lead Depositors, Non-Lead Master Servicers, Non-Lead Special Servicers, Non-Lead Operating Advisors, Non-Lead Certificate
Administrators and Non-Lead Trustees (and any director, officer, employee or agent of any of the foregoing, to the extent such
parties are identified as indemnified parties in the Lead Securitization Servicing Agreement in respect of other mortgage loans)
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 Mortgage Loan to the same extent that the Indemnified Parties are indemnified
under the Lead Securitization Servicing Agreement against the Indemnified Items; provided that (A) this statement shall
not be construed to prohibit differences in timing, control or consultation triggers or thresholds, terminology, allocation of
ministerial duties between multiple servicers or other service providers or certificateholder or investor voting or consent thresholds,
or to prohibit or restrict additional approval, consent, consultation, notice or rating agency confirmation requirements; and (B) if
there is any conflict between this sentence and any other provision of this Agreement, such other provision of this Agreement shall
control.

 

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(g)          The Lead Securitization Note Holder shall cause the Lead Securitization Servicing Agreement to contain provisions requiring
the Master Servicer, or Special Servicer, as applicable, to deliver to each Non-Lead Master Servicer, each Non-Lead Special Servicer
and each Non-Lead Trustee (i) notice of any Appraisal Event promptly following the occurrence thereof and (ii) a statement
of any Appraisal Reduction Amount or Collateral Deficiency Amount (if the Lead Securitization Servicing Agreement provides for
the calculation of any Collateral Deficiency Amount) promptly following the calculation thereof.

 

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

 

(i)            the
Master Servicer 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 Securitization 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 Securitization Note or Servicing Advances
with respect to the Mortgage Loan, if made, or any outstanding P&I Advance or Servicing Advances 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 within two (2) business days after such determination was made;

 

(iii)          the
Master Servicer shall remit all payments received with respect to each Non-Lead Securitization Note, net of the servicing fees
payable to the Master Servicer and Special Servicer with respect to such Non-Lead Securitization Note, and any other applicable
fees and reimbursements payable to the Master Servicer, the Special Servicer and the Trustee, to the applicable Non-Lead Securitization
Note Holder by the earlier of (x) the “master servicer remittance date” (or any term substantially similar thereto)
as defined in the Lead Securitization Servicing Agreement and (y) the business day following the “determination date”
(or any term substantially similar thereto) as defined in the related Non-Lead Securitization Servicing Agreement (such determination
date, the “Non-Lead Securitization Determination Date”), in each case as long as the date on which remittance is required
under this clause (iii) is at least one business day after the scheduled monthly payment date under the Loan Agreement;

 

(iv)         with
respect to each Non-Lead Securitization Note that is held by a Securitization, the Master Servicer agrees to deliver or cause
to be delivered or to make available to the related Non-Lead Master Servicer all loan-level reports constituting the CREFC®
Investor Reporting Package) pursuant to the terms of the Lead Securitization Servicing Agreement, to the extent related
to the Mortgage Loan, the Mortgaged Property, such Non-Lead Securitization Note, the Master Servicer, the Special Servicer, the
Certificate Administrator or the Trustee, by the earlier of (x) the “master servicer remittance date” (or any term
substantially similar thereto) as defined in the Lead Securitization Servicing Agreement and (y) the Business Day following the
applicable

 

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Non-Lead
Securitization Determination Date, in each case so long as the date on which delivery is required under this clause (iv)
is at least one business day after the scheduled monthly payment date under the Loan Agreement;

 

(v)          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 Note 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;

 

(vi)         each
Non-Lead Securitization Note Holder shall be entitled to the same indemnity as the Lead Securitization Note Holder under the Lead
Securitization Servicing Agreement with respect to the following items; each of the Master Servicer, the Special Servicer, the
Trustee, the Certificate Administrator, the Operating Advisor, and the Custodian shall be required to indemnify each certifying
person and each Non-Lead Depositor for any public Other 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 person for (a) its failure to deliver the items in clause (vii) below in a timely manner, (b) its failure
to perform its obligations to such Non-Lead Depositor or applicable Non-Lead Trustee under Article XI (or any article substantially
similar thereto that addresses Exchange Act reporting and Regulation AB compliance) of the Lead Securitization Servicing Agreement
by the time required after giving effect to any applicable grace period or cure period, (c) the failure of any Servicing Function
Participant or Additional Servicer retained by it to perform its obligations to such Non-Lead Depositor or Non-Lead Trustee under
Article XI (or any article substantially similar thereto that addresses Exchange Act reporting and Regulation AB compliance) of
the Lead Securitization Servicing Agreement by the time required after giving effect to any applicable grace period or cure period;
and/or (d) any deficient Exchange Act report regarding, and delivered by or on behalf of, such party;

 

(vii)        each
of the Master Servicer, the Special Servicer, the Operating Advisor, the Custodian, the Certificate Administrator and the Trustee
shall (i) with respect to any Initial Sub-Servicer engaged by it that is a Servicing Function Participant or Additional Servicer,
use commercially reasonable efforts to cause such party to and (ii) with respect to each other Additional Servicer and each Servicing
Function Participant with which, in each case, it has entered into a servicing relationship with respect to the Mortgage Loan,
cause such party to comply with the foregoing Section 2(h)(vi) by inclusion of similar provisions in the related sub-servicing
or similar agreement;

 

(viii)       the
Master Servicer, any primary servicer, the Special Servicer and the Lead Trustee, Certificate Administrator or other party acting
as custodian for the Lead Securitization shall be required to deliver (and shall be required to cause each other servicer and
servicing function participant (within the meaning of Items 1123 and 1122, respectively, of Regulation AB) retained or engaged
by it to deliver), to the parties to each Non-Lead Servicing Agreement, in a timely manner, (i) the reports, certifications,

 

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compliance
statements, accountants’ assessments and attestations, any Lead Servicing Agreement amendments, and all information (including
information regarding any replacement Servicer) to be included in reports (including, without limitation, Form ABS 15G, Form 10K,
Form 10D and Form 8K), and (ii) upon request, any other materials specified in the related Non-Lead Servicing Agreement, in the
case of clauses (i) and (ii), as the parties to each Non-Lead Securitization may reasonably require in order to
comply with their obligations under the Securities Act and the Exchange Act (including Rule 15Ga-1) and Regulation AB, and any
other applicable law. Without limiting the generality of the foregoing, the Lead Note Holder shall provide in a timely manner
to each Non-Lead Depositor and each Non-Lead Trustee a copy of the Lead Securitization Servicing Agreement in EDGAR-compatible
format (but not later than one business day following the closing date of the Lead Securitization) and each Servicer under the
Lead Securitization Servicing Agreement will be required, upon prior written request, to provide to each Non-Lead Depositor and
each Non-Lead Trustee any other information required to comply in a timely manner with applicable filing requirements under Items
1.01 and 6.02 of Form 8-K, any other disclosure information required pursuant to Regulation AB, in each case in a timely manner
for inclusion in any disclosure document (and, with respect to the Lead Securitization Servicing Agreement and a replacement Servicer,
for filing under Form 8-K), and with respect to such Servicers, upon prior written request, market indemnification agreements,
opinions and Regulation AB compliance letters as were or are being delivered with respect to the Lead Securitization. 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 applicable Non-Lead Securitization Servicing Agreement;

 

(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 to the same extent as such party is required to cooperate with the Lead Depositor under
the Lead Securitization Servicing Agreement in connection with the reporting requirements under the Securities Act, the Exchange
Act, the Sarbanes-Oxley Act and the rules and regulations promulgated thereunder. All respective reasonable out-of-pocket costs
and expenses incurred by each 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 United States Securities and Exchange Commission (the “Commission”)
and other costs such Non-Lead Depositor must bear pursuant to the Lead Securitization Servicing Agreement) and any amendments
to any reports filed with the Commission therewith shall be promptly paid by the applicable

 

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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 Mortgage Loan Borrower that are allocable to a Non-Lead Securitization
Note or reimbursable to a Non-Lead Master Servicer or a Non-Lead Trustee in accordance with this Agreement shall be remitted by
the Master Servicer to the Non-Lead Master Servicer within one (1) Business Day of receipt and identification thereof unless such
amount would otherwise be included in the monthly remittance to the related Non-Lead Securitization Note Holder for such month;
provided, however, that to the extent any such amounts are received after 3:00 p.m. Eastern time on any given
business day, the Master Servicer shall use commercially reasonable efforts to remit such late collections to each applicable
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 Securitization 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 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;

 

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

 

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

 

(xv)         to
the extent related to the Mortgage Loan, the Master Servicer or the Special Servicer, any Rating Agency Confirmation shall be
provided with respect to the commercial mortgage pass-through certificates issued in connection with each the Non-Lead Securitization
to the same extent provided with respect to the commercial mortgage pass-through certificates issued in connection with the Lead
Securitization;

 

(xvi)        “Servicer
Termination Events” (or any analogous term under the Lead Securitization Servicing Agreement) include customary market termination
events with respect to failure to make advances, failure to timely remit payments to the Non-Lead

 

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Note
Holders as required hereunder or under the Lead Securitization Servicing Agreement (subject to no more than one business day grace
period), failure to timely deposit amounts into any REO Account or to remit to a Servicer for deposit into a related collection
or custodial account, failure to deliver (or cause to be delivered) materials or information required in order for each Non-Lead
Note Holder or each Non-Lead Depositor to timely comply with its obligations under the Exchange Act, the Securities Act and Form
SF-3, and for rating agency downgrades or other triggers with respect to any certificates issued in connection with a Non-Lead
Securitization, subject to customary grace periods (provided that, in the case of failures related to the securities laws, such
grace periods will not cause a Non-Lead Depositor 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 a Non-Lead Securitization Note
Holder and the Master Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Master
Servicer shall be required, upon the direction of such Non-Lead Securitization Note Holder, to appoint a subservicer with respect
to such Non-Lead Securitization Note. Upon the occurrence of a Servicer Termination Event with respect to the Special Servicer
affecting a Non-Lead Securitization Note Holder and the Special Servicer is not otherwise terminated pursuant to the Lead Securitization
Servicing Agreement, the Trustee shall, upon direction of such Non-Lead Securitization Note Holder, terminate the Special Servicer
with respect to, but only with respect to, the Mortgage Loan;

 

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

 

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

 

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(xix)        any
conflict between the Lead Securitization Servicing Agreement and this Agreement shall be resolved in favor of this Agreement.

 

(i)            Unless Column is the Note A-1 Holder and the Note A-2 Holder, the initial holder of each Lead Securitization Note shall:

 

(i)            give each other Note Holder notice of the Securitization of the Lead Securitization Note in writing (which may be by email)
not less than three (3) business days prior to the applicable pricing date for the Lead Securitization, together with contact information
for each of the parties to the Lead Securitization Servicing Agreement;

 

(ii)          on the closing date of the Lead Securitization, send a copy (in EDGAR-compatible format) of the Lead Securitization Servicing
Agreement to each other Note Holder; and

 

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

 

Section
3.     Priority of Payments. Each Note shall be of equal priority, and no portion of any Note
shall have priority or preference over any portion of any other Note or security therefor. All amounts tendered by the
Mortgage Loan Borrower or otherwise available for payment on or with respect to or in connection with the Mortgage Loan or
the Mortgaged Property or amounts realized as proceeds thereof, whether received in the form of Scheduled Payments, the
Balloon Payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit or other collateral or instrument
securing the Mortgage Loan, Condemnation Proceeds, or Insurance Proceeds (other than proceeds, awards or settlements to be
applied to the restoration or repair of the Mortgaged Property or released to the Mortgage Loan Borrower in accordance with
the terms of the Mortgage Loan Documents, to the extent permitted by the REMIC Provisions), shall be applied by the Lead
Securitization Note Holder (or its designee) to the Notes on a Pro Rata and Pari Passu Basis; provided
that (x) all amounts for required reserves or escrows required by the Mortgage Loan Documents (to the extent and in
accordance with the terms of the Mortgage Loan Documents) to be held as reserves or escrows or received as reimbursements on
account of recoveries in respect of property protection expenses or Servicing Advances then due and payable or reimbursable
to the Trustee or any Servicer under the Lead Securitization Servicing Agreement shall be applied to the extent set forth in,
and in accordance with the terms of, the Mortgage Loan Documents; and (y) all amounts that are then due, payable or
reimbursable to any Servicer with respect to the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement and
any other additional compensation payable to it thereunder (including without limitation, any additional trust fund expenses
under the Lead Securitization Servicing Agreement relating to the Mortgage Loan (but subject to the second paragraph of Section 5(d)
hereof) reimbursable to, or payable by, such parties and any Special Servicing Fees, Liquidation Fees, Workout Fees, and
Penalty Charges (to the extent provided in

 

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the immediately following paragraph), but excluding (i) any P&I Advances (and interest thereon) on the Lead Securitization
Note, which shall be reimbursed in accordance with Section 2(b) hereof, and (ii) any Servicing Fees due to the
Master Servicer in excess of each Non-Lead Securitization Note’s pro rata share of that portion of such servicing
fees calculated at the “primary servicing fee rate” applicable to the Mortgage Loan as set forth in the Lead Securitization
Servicing Agreement, which such excess shall not be subject to the allocation provisions of this Section 3) shall be payable
in accordance with the Lead Securitization Servicing Agreement.

 

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

 

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

 

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

 

Section 5.     Administration of the Mortgage Loan.

 

(a)               
Subject to this Agreement (including but not limited to Section 5(c)) and the Lead Securitization Servicing
Agreement and subject to the rights and consents, where

 

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required, of the Controlling Note Holder Representative, the Lead Securitization
Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf) shall have the sole and exclusive
authority with respect to the administration of, and exercise of rights and remedies with respect to, the Mortgage Loan, including,
without limitation, the sole authority to modify or waive any of the terms of the Mortgage Loan Documents or consent to any action
or failure to act by the Mortgage Loan Borrower or any other party to the Mortgage Loan Documents, call or waive any Event of Default,
accelerate the Mortgage Loan or institute any foreclosure action or other remedy, and no Non-Lead Securitization Note Holder shall
have any voting, consent or other rights whatsoever except as explicitly set forth herein with respect to the Lead Securitization
Note Holder’s administration of, or exercise of its rights and remedies with respect to, the Mortgage Loan. Subject to this
Agreement and the Lead Securitization Servicing Agreement, no Non-Lead Securitization Note Holder shall have any right to, and
each Non-Lead Securitization Note Holder hereby presently and irrevocably assigns and conveys to the Lead Securitization Note Holder
(or the Master Servicer, the Special Servicer or the Trustee acting on behalf of the Lead Securitization Note Holder) the rights,
if any, that such Note Holder has to, (i) call, or cause the Lead Securitization Note Holder to call, an Event of Default
under the Mortgage Loan, or (ii) exercise any remedies with respect to the Mortgage Loan or the Mortgage Loan Borrower, including,
without limitation, filing, or causing the Lead Securitization Note Holder to file, any bankruptcy petition against the Mortgage
Loan Borrower. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf)
shall not have any fiduciary duty to any Non-Lead Securitization Note Holder in connection with the administration of the Mortgage
Loan (but the foregoing shall not relieve the Lead Securitization Note Holder from the obligation to make any disbursement of funds
as set forth herein or its obligation to follow the Servicing Standard (in the case of the Master Servicer or the Special Servicer)
or any liability for failure to do so).

 

Each Note Holder hereby
acknowledges the right and obligation of the Lead Securitization Note Holder (or the Special Servicer acting on behalf of the Lead
Securitization Note Holder), upon the Mortgage Loan becoming a Defaulted Loan, to sell the Notes together as notes evidencing one
whole loan in accordance with the terms of the Lead Securitization Servicing Agreement, and shall require that all offers be submitted
to the Trustee in writing. Whether any cash offer constitutes a fair price for the Mortgage Loan shall be determined by the Special
Servicer (unless the offeror is an Interested Person, in which case the Trustee shall make such determination); provided
that no offer from an Interested Person shall constitute a fair price unless (i) it is the highest offer received and (ii) at
least two bona fide other offers are received from independent third parties. In determining whether any offer received
represents a fair price for the Mortgage Loan, the Trustee or the Special Servicer, as applicable, shall be supplied with and shall
rely on the most recent Appraisal or updated Appraisal conducted in accordance with the Lead Securitization Servicing Agreement
within the preceding nine (9)-month period or, in the absence of any such Appraisal, on a new Appraisal. The Trustee shall select
the appraiser conducting any such new Appraisal. In determining whether any such offer constitutes a fair price for the Mortgage
Loan, the Trustee or the Special Servicer, as applicable, shall instruct the appraiser to take into account (in addition to the
results of any Appraisal or updated Appraisal that it may have obtained pursuant to the Lead Securitization Servicing Agreement),
as applicable, among other factors, the period and amount of any delinquency on the affected Mortgage Loan, the occupancy level
and physical condition of the related Mortgaged Property and the state of the local economy. The Trustee may conclusively rely
on the opinion of an

 

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Independent appraiser or other Independent expert in real estate matters with at least 5 years’ experience
in valuing or investing in loans similar to the Mortgage Loan that has been selected with reasonable care by the Trustee to determine
if such cash offer constitutes a fair price for the Mortgage Loan, and that has been retained by the Trustee at the expense of
the Holders in connection with making such determination. Notwithstanding the foregoing, the Lead Securitization Note Holder (or
the Special Servicer acting on its behalf) shall not be permitted to sell the Mortgage Loan without the written consent of each
Non-Lead Securitization Note Holder unless the Special Servicer has delivered to each Non-Lead Securitization Note Holder: (a) at
least fifteen (15) Business Days prior written notice of any decision to attempt to sell the Mortgage Loan; (b) at least ten
(10) days prior to the proposed sale date, a copy of each bid package (together with any amendments to such bid packages) received
by the Special Servicer in connection with any such proposed sale; (c) at least ten (10) days prior to the proposed sale date,
a copy of the most recent Appraisal for the Mortgage Loan, and any documents in the Servicer Mortgage File requested by such Non-Lead
Securitization Note Holder; and (d) until the sale is completed, and a reasonable period of time (but no less time than is
afforded to other offerors and the Lead Securitization Directing Certificateholder) 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. Subject to the foregoing, each Note Holder or its Note Holder Representative
shall be permitted to submit an offer at any sale of the Mortgage Loan unless such Person is the Mortgage Loan Borrower or an agent
or Affiliate of the Mortgage Loan Borrower.

 

Each Note Holder (to
the extent it is not the same entity as the Lead Securitization Note Holder) hereby appoints the Lead Securitization Note Holder
as its agent, and grants to the Lead Securitization Note Holder an irrevocable power of attorney coupled with an interest, and
its proxy, for the purpose of soliciting and accepting offers for and consummating the sale of its Note. Each Note Holder (to the
extent it is not the same entity as the Lead Securitization Note Holder) further agrees that, upon the request of the Lead Securitization
Note Holder, such Note Holder shall execute and deliver to or at the direction of Lead Securitization Note Holder such powers of
attorney or other instruments as the Lead Securitization Note Holder may reasonably request to better assure and evidence the foregoing
appointment and grant, in each case promptly following request, and shall deliver any related original documentation evidencing
its Note (endorsed in blank if necessary) to or at the direction of the Lead Securitization Note Holder in connection with the
consummation of any such sale.

 

The authority of the
Lead Securitization Note Holder to sell any Non-Lead Securitization Note, and the obligations of any other Note Holder to execute
and deliver instruments or deliver the related Note upon request of the Lead Securitization Note Holder, shall terminate and cease
to be of any further force or effect upon the date, if any, upon which the Lead Securitization Note is repurchased by the holder
of such Lead Securitization Note that sold such Lead Securitization Note into such Securitization from the trust fund established
under the Lead Securitization Servicing Agreement in connection with a material breach of representation or warranty made by such
Person with respect to the Lead Securitization Note or material document defect with respect to the documents delivered by such
Person with respect to the Lead Securitization Note upon the consummation of the Lead Securitization. The preceding sentence shall
not be construed to grant to any Non-Lead Securitization Note Holder the benefit of any representation or warranty made by the
holder of the Lead Securitization Note that sold

 

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such Lead Securitization Note into the Lead Securitization or any document delivery
obligation imposed on such Person under any mortgage loan purchase and sale agreement, instrument of transfer or other document
or instrument that may be executed or delivered by such Person in connection with the Lead Securitization.

 

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

 

(c)          Notwithstanding the foregoing, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting
on its behalf) shall be required (i) to provide copies of any notice, information and report that it is required to provide
to the Lead Securitization Directing Certificateholder pursuant to (and notwithstanding the existence of any “control termination
event” (or analogous term) or “consultation termination event” (or analogous term) under) the Lead Securitization
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-Lead Securitization Note Holder (or its Note Holder Representative), within the
same time frame it is required to provide to the Lead Securitization Directing Certificateholder (for this purpose, without regard
to whether such items are actually required to be provided to the Lead Securitization Directing Certificateholder under the Lead
Securitization Servicing Agreement due to the occurrence of a Control Termination Event or a Consultation Termination Event) and
(ii) to consult with each Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative) on a strictly non-binding
basis, to the extent having received such notices, information and reports, such Non-Controlling Note Holder (or its Non-Controlling
Note Holder Representative) requests consultation with respect to any such Major Decisions or the implementation of any recommended
actions outlined in an Asset Status Report relating to the Mortgage Loan, and consider alternative actions recommended by such
Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative); provided that after the expiration of a
period of ten (10) Business Days from the delivery to such Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative)
by the Lead

 

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Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) of written notice
of a proposed action, together with copies of the notice, information and report required to be provided to the Lead Securitization
Directing Certificateholder, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its
behalf) shall no longer be obligated to consult with such Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative),
whether or not such Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative) has responded within such ten
(10) Business Day period (unless, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on
its behalf) proposes a new course of action that is materially different from the action previously proposed, in which case such
ten (10) Business Day period shall be deemed to begin anew from the date of such proposal and delivery of all information relating
thereto). Notwithstanding the consultation rights of each Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative)
set forth in the immediately preceding sentence, the Lead Securitization Note Holder (or Master Servicer or Special Servicer, acting
on its behalf) may make any Major Decision or take any action set forth in the Asset Status Report before the expiration of the
aforementioned ten (10) Business Day period if the Lead Securitization Note Holder (or Master Servicer or Special Servicer, as
applicable) determines that immediate action with respect thereto is necessary to protect the interests of the Note Holders. In
no event shall the Lead Securitization Note Holder (or Master Servicer or Special Servicer, acting on its behalf) be obligated
at any time to follow or take any alternative actions recommended by a Non-Controlling Note Holder (or its Non-Controlling Note
Holder Representative).

 

In addition to the consultation
rights provided in the immediately preceding paragraph, each Non-Controlling Note Holder shall have the right to annual meetings
(which may be held telephonically) with the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting
on its behalf), upon reasonable notice and at times reasonably acceptable to the Master Servicer or the Special Servicer, as applicable,
in which servicing issues related to the Mortgage Loan are discussed.

 

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

 

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compliance with this Section 5(d), to the extent that such costs and expenses relate to administration of a REMIC or to any
determination respecting the amount, payment or avoidance of any tax under the REMIC Provisions or the actual payment of any REMIC
tax or expense, shall be borne by each Note Holder solely with respect to the REMIC trust that includes its own Note. Without limiting
the generality of the foregoing, one Note Holder (the “Uninvolved Note Holder”) shall not be required to reimburse
any other Note Holder or any other Person for payment of the following items related to any REMIC that does not or did not include
the Uninvolved Note Holder’s Note (i) any taxes imposed on any such REMIC, (ii) any costs or expenses relating
to the administration of any such REMIC or to any determination respecting the amount, payment or avoidance of any tax under any
such REMIC or (iii) any advances for any of the foregoing or any interest thereon or for deficits in other items of disbursement
or income resulting from the use of funds for payment of any such taxes, costs or expenses or advances, nor shall any disbursement
or payment otherwise distributable to the Uninvolved Note Holder be reduced to offset or make-up any such payment or deficit.

 

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

 

(a)           The Controlling Note Holder shall have the right at any time to appoint a representative in connection with the exercise
of its rights and obligations with respect to the Mortgage Loan (the “Controlling Note Holder Representative”).
The Controlling Note Holder shall have the right in its sole discretion at any time and from time to time to remove and replace
the Controlling Note Holder Representative. When exercising its various rights under Section 5 and elsewhere in this
Agreement, the Controlling Note Holder may, at its option, in each case, act through the Controlling Note Holder Representative.
The Controlling Note Holder Representative may be any Person, including, without limitation, the Controlling Note Holder, any officer
or employee of the Controlling Note Holder, any affiliate of the Controlling Note Holder or any other unrelated third party (other
than the Mortgage Loan Borrower, any manager of a Mortgaged Property or any principal or Affiliate thereof). No such Controlling
Note Holder Representative shall owe any fiduciary duty or other duty to any other Person (other than the Controlling Note Holder).
All actions that are permitted to be taken by the Controlling Note Holder under this Agreement may be taken by the Controlling
Note Holder Representative acting on behalf of the Controlling Note Holder. Any Servicer acting on behalf of the Lead Securitization
Note Holder shall not be required to recognize any Person as a Controlling Note Holder Representative until the Controlling Note
Holder has notified such Servicer or Trustee of such appointment and, if the Controlling Note Holder Representative is not the
same Person as the Controlling Note Holder, the Controlling Note Holder Representative provides any Servicer or Trustee with written
confirmation of its acceptance of such appointment, an address and telecopy number for the delivery of notices and other correspondence
and a list of officers or employees of such person with whom the parties to this Agreement may deal (including their names, titles,
work addresses and telecopy numbers). The Controlling Note Holder shall promptly deliver such information to any Servicer. None
of the Servicers, Operating Advisor and Trustee shall be required to recognize any person as a Controlling Note Holder Representative
until they receive such information from the Controlling Note Holder. The Controlling Note Holder agrees to inform each such Servicer
or Trustee of the then-current Controlling Note Holder Representative.

 

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

 

Each Non-Controlling
Note Holder shall have the right at any time to appoint a representative in connection with the exercise of its rights and obligations
with respect to the Mortgage Loan (with respect to such Note Holder, the “Non-Controlling Note Holder Representative”).
All of the provisions relating to the Controlling Note Holder and the Controlling Note Holder Representative set forth in the first
paragraph of this Section 6(a) (except those contained in the last sentence thereof) and the second paragraph of this
Section 6(a) shall apply to each Non-Controlling Note Holder and its Non-Controlling Note Holder Representative mutatis
mutandis. The Non-Controlling Note Holder Representative with respect to Note A-2 as of the date of this Agreement and until
the Lead Securitization Note Holder (and the Master Servicer and the Special Servicer) is notified otherwise, shall be the Initial
Note Holder related thereto.

 

For so long as the Controlling
Note is included in the Lead Securitization, the Lead Securitization Directing Certificateholder (or any other party designated
under the Lead Securitization Servicing Agreement to exercise the rights of the Controlling Note Holder hereunder) shall be the
Controlling Note Holder Representative.

 

(b)          The Controlling Note Holder shall be entitled to exercise the rights and powers granted to the Controlling Note hereunder
and the rights and powers granted to the Lead Securitization Controlling Class Representative with respect to the Mortgage Loan
(assuming that no “Control termination Event” or “Consultation Termination Event”, as the case may be,
or similar event under, and as defined in, the Lead Securitization Servicing Agreement has occurred and is continuing). In addition,
the Controlling Note Holder shall be entitled to advise (1) the Special Servicer with respect to all matters related to the
Mortgage Loan if it is a Specially Serviced 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 implement any Major Decision unless it has obtained the prior written consent of the
Special Servicer and (ii) the Special Servicer shall not be permitted to consent to the Master Servicer’s implementing
any Major Decision nor will the Special Servicer itself be permitted to implement any Major Decision as to which the Controlling
Note Holder has objected in writing within ten (10) Business Days (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 Controlling
Note Holder as may be necessary in the reasonable judgment of the Controlling Note Holder in order to make a judgment with respect
to such Major Decision. The Controlling Note Holder may also direct the Special Servicer to take, or to refrain from taking, such
other actions with respect to the Mortgage Loan as the Controlling Note Holder may deem advisable.

 

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If the Controlling Note
Holder fails to notify the Special Servicer of its approval or disapproval of any proposed Major Decision within ten (10) Business
Days (or thirty (30) days with respect to an Acceptable Insurance Default) after delivery to the Controlling Note Holder by the
applicable Servicer of written notice of a proposed Major Decision (which notice shall contain a legend, in conspicuous boldface
type, substantially similar to the following: “THIS IS A REQUEST FOR ACTION APPROVAL. IF THE CONTROLLING NOTE HOLDER FAILS
TO APPROVE OR DISAPPROVE THE ENCLOSED ACTION WITHIN TEN (10) BUSINESS DAYS, SUCH ACTION MAY BE DEEMED APPROVED”) together
with any information requested by the Controlling Note Holder as may be necessary in the reasonable judgment of the Controlling
Note Holder in order to make a judgment, then upon the expiration of such ten (10) Business Day period (or thirty (30) days with
respect to an Acceptable Insurance Default), such Major Decision shall be deemed to have been approved by the Controlling Note
Holder.

 

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

 

No objection, direction,
consent 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 Lead Securitization 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.

 

The Controlling Note
Holder shall have no liability to the other Note Holders or any other party for any action taken, or for refraining from the taking
of any action or the giving of any consent or the failure to give any consent pursuant to this Agreement or the Lead Securitization
Servicing Agreement, or errors in judgment, absent any loss, liability or expense incurred by reason of its willful misfeasance,
bad faith or gross negligence. The Note Holders agree that the Controlling Note Holder may take or refrain from taking actions,
or give or refrain from giving consents, that favor the interests of one Note Holder over the other Note Holder, and that the Controlling
Note Holder may have special relationships and interests that conflict with the interests of another Note Holder and, absent willful
misconduct, bad faith or gross negligence on the part of the Controlling Note Holder, agree to take no action against the Controlling
Note Holder or any of its officers, directors, employees, principals or agents as a result of such special relationships or interests,
and that the Controlling Note Holder shall not be deemed to have been grossly negligent or reckless, or to have acted in bad faith
or engaged in willful misconduct 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 interest of any Note Holder.

 

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Section 7.     Appointment of Special Servicer. The Controlling Note Holder (or its Controlling Note Holder Representative) shall
have the right (subject to the terms, conditions and limitations in the Lead Securitization Servicing Agreement) at any time and
from time to time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint
a replacement Special Servicer in lieu thereof. Any designation by the Controlling Note Holder (or its Controlling Note Holder
Representative) of a Person to serve as Special Servicer shall be made by delivering to each other Note Holder, the Master Servicer,
the Special Servicer and each other party to the Lead Securitization Servicing Agreement a written notice stating such designation
and satisfying the other conditions to such replacement as set forth in the Lead Securitization Servicing Agreement (including,
without limitation, a Rating Agency Communication or a Rating Agency Confirmation, but only if required by the terms of the Lead
Securitization Servicing Agreement), if any, and delivering to each Non-Controlling Note Holder a Rating Agency Confirmation with
respect to any rated securities issued and outstanding under the related Securitization, if applicable. The Controlling Note Holder
shall be solely responsible for any expenses incurred in connection with any such replacement without cause. The Controlling Note
Holder shall notify the other parties hereto of its termination of the then currently serving Special Servicer and its appointment
of a replacement Special Servicer in accordance with this Section 7. If the Controlling Note Holder has not appointed
a Special Servicer with respect to the Mortgage Loan as of the consummation of the securitization under the Lead Securitization
Servicing Agreement, then the initial Special Servicer designated in the Lead Securitization Servicing Agreement shall serve as
the initial Special Servicer but this shall not limit the right of the Controlling Note Holder (or its Controlling Note Holder
Representative) to designate a replacement Special Servicer for the Mortgage Loan as aforesaid. If a Servicer Termination Event
on the part of the Special Servicer has occurred that affects any Non-Controlling Note Holder, such Non-Controlling Note Holder
shall have the right to direct the Trustee (or at any time that the Mortgage Loan is no longer included in a Securitization Trust,
the Controlling Note Holder) to terminate the Special Servicer under the Lead Securitization Servicing Agreement solely with respect
to the Mortgage Loan pursuant to and in accordance with the terms of the Lead Securitization Servicing Agreement. Each Note Holder
acknowledges and agrees that any successor special servicer appointed to replace the Special Servicer with respect to the Mortgage
Loan that was terminated for cause at a Non-Controlling Note Holder’s direction cannot at any time be the person (or an Affiliate
thereof) that was so terminated without the prior written consent of such Non-Controlling Note Holder. Each Non-Controlling Note
Holder that directs the Trustee to terminate the Special Servicer shall be solely responsible for reimbursing the Trustee’s
or the Controlling Note Holder’s, as applicable, costs and expenses, if not paid within a reasonable time by the terminated
special servicer and, in the case of the Trustee, that would otherwise be reimbursed to the Trustee from amounts on deposit in
the Lead Securitization’s “collection account” (or equivalent account).

 

Section 8.      Payment Procedure.

 

(a)          The
Lead Securitization Note Holder (or the Master Servicer acting on its behalf), in accordance with the priorities set forth
in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall deposit or cause to
be deposited all payments allocable to the Notes to the Collection Account and/or related Companion Distribution Account (or
analogous terms each as defined in the Lead Securitization Servicing Agreement) pursuant to and in accordance with the Lead
Securitization Servicing Agreement. The Lead Securitization

 

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Note Holder (or the Master Servicer acting on its behalf) shall deposit such payments
to the applicable account within one (1) Business Day of receipt of properly identified funds by the Lead Securitization Note Holder
(or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower (provided that to the extent
that any payment is received after 2:00 p.m. (Eastern Time) on any given Business Day, the Master Servicer is required to
use commercially reasonable efforts to deposit such payments into the applicable account within one (1) Business Day of receipt
of such payments but, in any event, the Master Servicer is required to deposit such payments into the applicable account within
two (2) Business Days of receipt of such payments).

 

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

 

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

 

(d)          Each Note Holder agrees that if at any time it shall receive from any sources whatsoever any payment on account of the Mortgage
Loan in excess of its distributable share thereof, it shall promptly remit such excess to the applicable Note Holder, subject to
this Agreement and the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder shall have the right to offset
any amounts due hereunder from a Non-Lead Securitization Note Holder with respect to the Mortgage Loan against any future payments
due to such Non-Lead Securitization Note Holder under the Mortgage Loan. Such Non-Lead Securitization Note Holder’s obligations
under this Section 8 constitute absolute, unconditional and continuing obligations.

 

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

 

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

 

Section 10.   Bankruptcy. Subject to Section 5(c), each Note Holder hereby covenants and agrees that only the Lead Securitization
Note Holder (or the Servicer on its behalf) has the right to institute, file, commence, acquiesce, petition under Bankruptcy Code
Section 303 or otherwise or join any Person in any such petition or otherwise invoke or cause any other Person to invoke an
Insolvency Proceeding with respect to or against the Mortgage Loan Borrower or seek to appoint a receiver, liquidator, assignee,
trustee, custodian, sequestrator or other similar official with respect to the Mortgage Loan Borrower or all or any part of its
property or assets or ordering the winding-up or liquidation of the affairs of the Mortgage Loan Borrower. Each Note Holder further
agrees that only the Lead Securitization Note Holder, and not any Non-Lead Securitization Note Holder, can make any election, give
any consent, commence any action or file any motion, claim, obligation, notice or application or take any other action in any case
by or against the Mortgage Loan Borrower under the Bankruptcy Code or in any other Insolvency Proceeding. The Note Holders hereby
appoint the Lead Securitization Note Holder as their agent, and grant to the Lead Securitization Note Holder an irrevocable power
of attorney coupled with an interest, and their proxy, for the purpose of exercising any and all rights and taking any and all
actions available to any Non-Lead Securitization Note Holder in connection with any case by or against the Mortgage Loan Borrower
under the Bankruptcy Code or in any other Insolvency Proceeding, including, without limitation, the right to file and/or prosecute
any claim, vote to accept or reject a plan, to make any election under Section 1111(b) of the Bankruptcy Code with respect
to the Mortgage Loan, and to file a motion to modify, lift or terminate the automatic stay with respect to the Mortgage Loan. The
Note Holders hereby agree that, upon the request of the Lead Securitization Note Holder, each Non-Lead Securitization Note Holder
shall execute, acknowledge and deliver to the Lead Securitization Note Holder all and every such further deeds, conveyances and
instruments as the Lead Securitization Note Holder may reasonably request for the better assuring and evidencing of the foregoing
appointment and grant. All actions taken by any Servicer in connection with any Insolvency Proceeding are subject to and must be
in accordance with the Servicing Standard and the terms of this Agreement.

 

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Section 11.    Representations of the Note Holders. Each Note Holder represents and warrants that the execution, delivery and performance
of this Agreement is within its corporate powers, has been duly authorized by all necessary corporate action, and does not contravene
such Note Holder’s charter or any law or contractual restriction binding upon such Note Holder, and that this Agreement is
the legal, valid and binding obligation of such Note Holder enforceable against such Note Holder in accordance with its terms,
except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting
the enforcement of creditors’ rights generally, and by general principles of equity (regardless of whether such enforceability
is considered in a proceeding in equity or at law), and except that the enforcement of rights with respect to indemnification and
contribution obligations may be limited by applicable law. Each Note Holder represents and warrants that it is duly organized,
validly existing, in good standing and in possession of all licenses and authorizations necessary to carry on its business. Each
Note Holder represents and warrants that (a) this Agreement has been duly executed and delivered by such Note Holder, (b) to
such Note Holder’s actual knowledge, all consents, approvals, authorizations, orders or filings of or with any court or governmental
agency or body, if any, required for the execution, delivery and performance of this Agreement by such Note Holder have been obtained
or made and (c) to such Note Holder’s actual knowledge, there is no pending action, suit or proceeding, arbitration
or governmental investigation against such Note Holder, an adverse outcome of which would materially and adversely affect its performance
under this Agreement.

 

Section 12.   No
Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant
hereto shall be deemed to constitute the relationship created hereby between the Note Holders as a partnership,
association, joint venture or other entity. The Lead Securitization Note Holder shall have no obligation whatsoever to offer
to any Non-Lead Securitization Note Holder the opportunity to purchase a participation interest in any future loans
originated by the Lead Securitization Note Holder or its Affiliates and if the Lead Securitization Note Holder chooses to
offer to any Non-Lead Securitization Note Holder the opportunity to purchase a participation interest in any future mortgage
loans originated by the Lead Securitization Note Holder or its Affiliates, such offer shall be at such purchase price and
interest rate as the Lead Securitization Note Holder chooses, in its sole and absolute discretion. No Non-Lead Securitization
Note Holder shall have any obligation whatsoever to purchase from the Lead Securitization Note Holder a participation
interest in any future loans originated by the Lead Securitization Note Holder or its Affiliates.

 

Section 13.    Other Business Activities of the Note Holders. Each Note Holder acknowledges that each other Note Holder or its Affiliates
may make loans or otherwise extend credit to, and generally engage in any kind of business with, the Mortgage Loan Borrower or
any Affiliate thereof, any entity that is a holder of debt secured by direct or indirect ownership interests in the Mortgage Loan
Borrower or any Affiliate thereof or any entity that is a holder of a preferred equity interest in the Mortgage Loan Borrower or
any Affiliate thereof (each, a “Mortgage Loan Borrower Related Party”), and receive payments on such other loans
or extensions of credit to Mortgage Loan Borrower Related Parties and otherwise act with respect thereto freely and without accountability
in the same manner as if this Agreement and the transactions contemplated hereby were not in effect.

 

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Section 14.    Sale of the Notes.

 

(a)           Each Note Holder agrees that it will not sell, assign, transfer, pledge, syndicate, hypothecate, contribute, encumber or
otherwise dispose of all or any portion of its respective Note (or a participation interest in such Note) (a “Transfer”)
except to a Qualified Institutional Lender in accordance with the terms of this Agreement. Promptly after any such Transfer, any
non-transferring Note Holders shall be provided with (x) a representation from each transferee or the transferring Note Holder
certifying that such transferee is a Qualified Institutional Lender (except in the case of a Transfer in accordance with the immediately
following sentence or a Transfer by a Note Holder to an entity that constitutes a Qualified Institutional Lender pursuant to clause (c)(iii)
of the definition thereof) and (y) a copy of the assignment and assumption agreement referred to in Section 15
(unless the transferee is a Securitization Trust and the related pooling and servicing agreement requires the parties thereto to
comply with this Agreement). If a Note Holder intends to Transfer its respective Note, or any portion thereof, to an entity that
is not a Qualified Institutional Lender, it must first (a) obtain the consent of each non-transferring Note Holder and (b) if
any such non-transferring Note Holder’s Note is held in a Securitization Trust, as and to the extent required by the applicable
Securitization Servicing Agreement, deliver a Rating Agency Communication (if a Rating Agency Confirmation is not required thereunder)
to, or obtain a Rating Agency Confirmation from, each of the applicable engaged Rating Agencies for such Securitization Trust.
Notwithstanding the foregoing, without each non-transferring Note Holder’s prior consent (which will not be unreasonably
withheld), and, if any non-transferring Note Holder’s Note is held in a Securitization Trust, without a Rating Agency Confirmation
from or Rating Agency Communication to, as applicable, each engaged Rating Agency for such Securitization Trust, no Note Holder
shall Transfer all or any portion of its Note (or a participation interest in such Note) to the Mortgage Loan Borrower or a Mortgage
Loan Borrower Related Party and any such Transfer shall be absolutely null and void and shall vest no rights in the purported transferee.
The transferring Note Holder agrees that it shall pay the expenses of any non-transferring Note Holder (including all expenses
of the Master Servicer, the Special Servicer, the Trustee and any Controlling Note Holder or Controlling Note Holder Representative)
and all expenses relating to any Rating Agency Confirmation or Rating Agency Communication in connection with any such Transfer.
Notwithstanding the foregoing, each Note Holder shall have the right, without the need to obtain the consent of any other Note
Holder or of any other Person or having to provide any Rating Agency Confirmation or Rating Agency Communication, to Transfer 49%
or less (in the aggregate) of its beneficial interest in a Note. None of the provisions of this Section 14(a) shall
apply in the case of (1) a sale of the Lead Securitization Note together with all of the Non-Lead Securitization Notes, in
accordance with the terms and conditions of the Lead Securitization Servicing Agreement or (2) a transfer by the Special Servicer,
in accordance with the terms and conditions of the Lead Securitization Servicing Agreement, of the Mortgage Loan or the Mortgaged
Property, upon the Mortgage Loan becoming a Defaulted Loan, to a single member limited liability or limited partnership, 100% of
the equity interest in which is owned directly or indirectly, through one or more single member limited liability companies or
limited partnerships, by the Lead Securitization Trust.

 

For the purposes of this
Agreement, if any Rating Agency shall, in writing, waive, decline or refuse to review or otherwise engage any request for a Rating
Agency Confirmation, such waiver, declination, or refusal shall be deemed to eliminate, for such request only, the

 

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condition that
such confirmation by such Rating Agency (only) be obtained 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.

 

(b)          In the case of any Transfer of a participation interest in any of the Notes, (i) the respective Note Holders’
obligations under this Agreement shall remain unchanged, (ii) such Note Holders shall remain solely responsible for the performance
of such obligations, and (iii) the Lead Securitization Note Holder and any Persons acting on its behalf shall continue to
deal solely and directly with such Note Holder in connection with such Note Holder’s rights and obligations under this Agreement
and the Lead Securitization Servicing Agreement, and all amounts payable hereunder shall be determined as if such Note Holder had
not sold such participation interest.

 

(c)          Notwithstanding any other provision hereof, any Note Holder may pledge (a “Pledge”) its Note to any entity
(other than the Mortgage Loan Borrower or any Affiliate thereof) which has extended a credit facility to such Note Holder and that
is either a Qualified Institutional Lender or a financial institution whose long-term unsecured debt is rated at least “A”
(or the equivalent) or better by each applicable Rating Agency (or, if not rated by an applicable Rating Agency, an equivalent
(or higher) rating from any two of Fitch, Moody’s and S&P) (a “Note Pledgee”), on terms and conditions
set forth in this Section 14(c), it being further agreed that a financing provided by a Note Pledgee to a Note Holder
or any person which Controls such Note that is secured by its Note and is structured as a repurchase arrangement, shall qualify
as a “Pledge” hereunder, provided that a Note Pledgee which is not a Qualified Institutional Lender may not
take title to the pledged Note without a Rating Agency Confirmation. Upon written notice by the applicable Note Holder to each
other Note Holder and any Servicer that a Pledge has been effected (including the name and address of the applicable Note Pledgee),
each other Note Holder agrees to acknowledge receipt of such notice and thereafter agrees: (i) to give Note Pledgee written
notice of any default by the pledging Note Holder in respect of its obligations under this Agreement of which default such Note
Holder has actual knowledge; (ii) to allow such Note Pledgee a period of ten (10) days to cure a default by the pledging
Note Holder in respect of its obligations to each other Note Holder hereunder, but such Note Pledgee shall not be obligated to
cure any such default; (iii) that no amendment, modification, waiver or termination of this Agreement shall be effective against
such Note Pledgee without the written consent of such Note Pledgee, which consent shall not be unreasonably withheld, conditioned
or delayed; (iv) that such other Note Holder shall give to such Note Pledgee copies of any notice of default under this Agreement
simultaneously with the giving of same to the pledging Note Holder; (v) that such other Note Holder shall deliver to Note
Pledgee such estoppel certificate(s) as Note Pledgee shall reasonably request, provided that any such certificate(s) shall
be in a form reasonably satisfactory to such other Note Holder; and (vi) that, upon written notice (a “Redirection
Notice”) to each other Note Holder and any Servicer by such Note Pledgee that the pledging Note Holder is in default,
beyond any applicable cure periods, under the pledging Note Holder’s obligations to such Note Pledgee pursuant to the applicable
credit agreement between the pledging Note Holder and such Note Pledgee (which

 

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notice need not be joined in or confirmed by the
pledging Note Holder), and until such Redirection Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee shall be
entitled to receive any payments that any Note Holder or Servicer would otherwise be obligated to pay to the pledging Note Holder
from time to time pursuant to this Agreement or the Lead Securitization Servicing Agreement. Any pledging Note Holder hereby unconditionally
and absolutely releases each other Note Holder and any Servicer from any liability to the pledging Note Holder on account of such
other Note Holder’s or Servicer’s compliance with any Redirection Notice believed by any Servicer or such other Note
Holder to have been delivered by a Note Pledgee. Note Pledgee shall be permitted to exercise fully its rights and remedies against
the pledging Note Holder to such Note Pledgee (and accept an assignment in lieu of foreclosure as to such collateral), in accordance
with applicable law and this Agreement. In such event, the Note Holders and any Servicer shall recognize such Note Pledgee (and
any transferee other than the Mortgage Loan Borrower or any Affiliate thereof which is also a Qualified Institutional Lender at
any foreclosure or similar sale held by such Note Pledgee or any transfer in lieu of foreclosure), and its successor and assigns,
as the successor to the pledging Note Holder’s rights, remedies and obligations under this Agreement, and any such Note Pledgee
or Qualified Institutional Lender shall assume in writing the obligations of the pledging Note Holder hereunder accruing from and
after such Transfer (i.e., realization upon the collateral by such Note Pledgee) and agrees to be bound by the terms and
provisions of this Agreement. The rights of a Note Pledgee under this Section 14(c) shall remain effective as to any
Note Holder (and any Servicer) unless and until such Note Pledgee shall have notified any such Note Holder (and any Servicer, as
applicable) in writing that its interest in the pledged Note has terminated.

 

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

 

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

 

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

 

(iii)         Such Note Holder pledges (or sells, transfers or assigns as part of a repurchase facility) its interest in its Note to the
Conduit as collateral for the Conduit Inventory Loan;

 

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

 

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

 

Section 15.   Registration of the Notes and Each Note Holder. The Agent shall keep or cause to be kept at the Agent Office books
(the “Note Register”) for the registration and transfer of the Notes. The Agent shall serve as the initial note
registrar and the Agent hereby accepts such appointment. The names and addresses of the holders of the Notes and the names and
addresses of any transferee of any Note of which the Agent has received notice, in the form of a copy of the assignment and assumption
agreement referred to in this Section 15, shall be registered in the Note Register. The Person in whose name a Note
is so registered shall be deemed and treated as the sole owner and holder thereof for all purposes of this Agreement. Upon request
of a Note Holder, the Agent shall provide such party with the names and addresses of each other Note Holder. To the extent the
Trustee or another party is appointed as Agent hereunder, each Note Holder hereby designates such person as its agent under this
Section 15 solely for purposes of maintaining the Note Register.

 

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

 

Section 16.   Governing Law; Waiver of Jury Trial. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED
TO THIS AGREEMENT, THE RELATIONSHIP OF THE PARTIES TO THIS AGREEMENT, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND
OBLIGATIONS OF THE PARTIES TO THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS
OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CHOICE OF LAW RULES THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL
OBLIGATIONS LAW). EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM
ARISING OUT OF OR RELATING TO THIS AGREEMENT.

 

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Section 17.    Submission To Jurisdiction; Waivers. Each party hereto hereby irrevocably and unconditionally:

 

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

 

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

 

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

 

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

 

Section 18.   Modifications. This Agreement shall not be modified, cancelled or terminated except by an instrument in writing signed
by each Note Holder. Additionally, for as long as any Note is contained in a Securitization Trust, the Note Holders shall not amend
or modify this Agreement without first obtaining a Rating Agency Confirmation from each Rating Agency then rating any securities
of any Securitization; provided that no such Rating Agency Confirmation shall be required in connection with a modification
(i) to cure any ambiguity, to correct or supplement any provisions herein that may be defective or inconsistent with any other
provisions herein or with the Lead Securitization Servicing Agreement, or (ii) with respect to matters or questions arising
under this Agreement, to make provisions of this Agreement consistent with other provisions of this Agreement (including, without
limitation, in connection with the creation of New Notes pursuant to Section 33).

 

Section 19.   Statement of Intent. The Agent and each Noteholder intend that the Notes be classified and maintained as a grantor
trust under subpart E, part I of subchapter J of chapter 1 of the Code that is a fixed investment trust within the meaning of Treasury
Regulation §301.7701-4(c), and the parties will not take any action inconsistent with such classification. It is neither the
purpose nor the intent of this Agreement to create a partnership, joint venture, “taxable mortgage pool” or association
taxable as a corporation among the parties.

 

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Section 20.    Successors and Assigns; Third Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon
the parties hereto and their respective successors and assigns. Except as provided herein, including without limitation, with respect
to the Trustee, Certificate Administrator, Master Servicer and Special Servicer and each Non-Lead Master Servicer, Non-Lead Special
Servicer or Non-Lead Trustee, none of the provisions of this Agreement shall be for the benefit of or enforceable by any Person
not a party hereto. Subject to Section 14 and Section 15, each Note Holder may assign or delegate its rights
or obligations under this Agreement. Upon any such assignment, the assignee shall be entitled to all rights and benefits of the
applicable Note Holder hereunder. For the avoidance of doubt, the representations in Section 11 shall not be binding upon
any Securitization Trust.

 

Section 21.   Counterparts. This Agreement may be executed in any number of counterparts and all of such counterparts shall together
constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Agreement in Portable Document
Format (PDF) or by facsimile transmission shall be effective as delivery of a manually executed original counterpart of this Agreement.

 

Section 22.   Captions. The titles and headings of the paragraphs of this Agreement have been inserted for convenience of reference
only and are not intended to summarize or otherwise describe the subject matter of the paragraphs and shall not be given any consideration
in the construction of this Agreement.

 

Section 23.   Severability. Wherever possible, each provision of this Agreement shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid under applicable laws,
such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such
provision or the remaining provisions of this Agreement.

 

Section 24.   Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto with respect to the
subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

 

Section 25.   Withholding Taxes. (a) If the Lead Securitization Note Holder or the Mortgage Loan Borrower shall be required by
law to deduct and withhold Taxes from interest, fees or other amounts payable to any Non-Lead Securitization Note Holder with respect
to the Mortgage Loan as a result of such Non-Lead Securitization Note Holder constituting a Non-Exempt Person, such Lead Securitization
Note Holder, in its capacity as servicer, shall be entitled to do so with respect to such Non-Lead Securitization Note Holder’s
interest in such payment (all withheld amounts being deemed paid to such Note Holder), provided that the Lead Securitization
Note Holder shall furnish such Non-Lead Securitization Note Holder with a statement setting forth the amount of Taxes withheld,
the applicable rate and other information which may reasonably be requested for purposes of assisting such Note Holder to seek
any allowable credits or deductions for the Taxes so withheld in each jurisdiction in which such Note Holder is subject to tax.

 

     -44-

     

    

 

(b)          Each Note Holder (to the extent it is not the same entity as the Lead Securitization Note Holder) shall and hereby agrees
to indemnify the Lead Securitization Note Holder against and hold the Lead Securitization Note Holder harmless from and against
any Taxes, interest, penalties and attorneys’ fees and disbursements arising or resulting from any failure of the Lead Securitization
Note Holder to withhold Taxes from payment made to such Note Holder in reliance upon any representation, certificate, statement,
document or instrument made or provided by such Note Holder to the Lead Securitization Note Holder in connection with the obligation
of the Lead Securitization Note Holder to withhold Taxes from payments made to such Note Holder, it being expressly understood
and agreed that (i) the Lead Securitization Note Holder shall be absolutely and unconditionally entitled to accept any such
representation, certificate, statement, document or instrument as being true and correct in all respects and to fully rely thereon
without any obligation or responsibility to investigate or to make any inquiries with respect to the accuracy, veracity, correctness
or validity of the same and (ii) such Note Holder, upon request of the Lead Securitization Note Holder and at its sole cost
and expense, shall defend any claim or action relating to the foregoing indemnification using counsel selected by the Lead Securitization
Note Holder.

 

(c)           Each Note Holder (to the extent it is not the same entity as the Lead Securitization Note Holder) represents (for the benefit
of the Mortgage Loan Borrower) that it is not a Non-Exempt Person and that neither the Lead Securitization Note Holder nor the
Mortgage Loan Borrower is obligated under applicable law to withhold Taxes on sums paid to it with respect to the Mortgage Loan
or otherwise pursuant to this Agreement. Contemporaneously with the execution of this Agreement and from time to time as necessary
during the term of this Agreement, each Note Holder (to the extent it is not the same entity as the Lead Securitization Note Holder)
shall deliver to the Lead Securitization Note Holder or Servicer, as applicable, evidence satisfactory to the Lead Securitization
Note Holder substantiating that such Note Holder is not a Non-Exempt Person and that the Lead Securitization Note Holder is not
obligated under applicable law to withhold Taxes on sums paid to it with respect to the Mortgage Loan or otherwise under this Agreement.
Without limiting the effect of the foregoing, (i) if a Note Holder is created or organized under the laws of the United States,
any state thereof or the District of Columbia, it shall satisfy the requirements of the preceding sentence by furnishing to the
Lead Securitization Note Holder an Internal Revenue Service Form W-9 and (ii) if a Note Holder is not created or organized
under the laws of the United States, any state thereof or the District of Columbia, and if the payment of interest or other amounts
by the Mortgage Loan Borrower is treated for United States income tax purposes as derived in whole or part from sources within
the United States, such Note Holder shall satisfy the requirements of the preceding sentence by furnishing to the Lead Securitization
Note Holder Internal Revenue Service Form W-8ECI, Form W-8IMY (with appropriate attachments), Form W-8BEN or Form W-8BEN-E, or
successor forms, as may be required from time to time, duly executed by such Note Holder, as evidence of such Note Holder’s
exemption from the withholding of United States tax with respect thereto. The Lead Securitization Note Holder shall not be obligated
to make any payment hereunder with respect to any Non-Lead Securitization Note or otherwise until the holder of such Note shall
have furnished to the Lead Securitization Note Holder requested forms, certificates, statements or documents.

 

Section 26.   Custody of Mortgage Loan Documents. Prior to the First Securitization, the originals of all of the Mortgage Loan
Documents (other than the Notes) will

 

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be held by the Initial Agent on behalf of the registered holders of the Notes. On and after
the Note A-1 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 Note A-1 PSA, on behalf
of the registered holders of the Notes.

 

Section 27.    Cooperation in Securitization.

 

(a)          Each
Note Holder acknowledges that any Note Holder may elect, in its sole discretion, to include its Note in a Securitization. In connection
with a Securitization and subject to the terms of the preceding sentence, at the request of the related Securitizing Note Holder,
each related Non-Securitizing Note Holder shall use reasonable efforts, at such Securitizing Note Holder’s expense, to satisfy,
and to cooperate with such Securitizing Note Holder in attempting to cause the Mortgage Loan Borrower to satisfy, the market standards
to which such Securitizing Note Holder customarily adheres or that may be reasonably required in the marketplace or by the Rating
Agencies in connection with such Securitization, including, entering into (or consenting to, as applicable) any modifications
to this Agreement or the Mortgage Loan Documents and to cooperate with such Securitizing Note Holder in attempting to cause the
Mortgage Loan Borrower to execute such modifications to the Mortgage Loan Documents, in any such case, as may be reasonably requested
by the Rating Agencies to effect such Securitization; provided that no Non-Securitizing Note Holder shall be required to
modify or amend this Agreement or any Mortgage Loan Documents (or consent to such modification, as applicable) in connection therewith,
if such modification or amendment would (i) change the interest allocable to, or the amount of any payments due to or priority
of such payments to, such Non-Securitizing Note Holder or (ii) materially increase such Non-Securitizing Note Holder’s
obligations or materially decrease such Non-Securitizing Note Holder’s rights, remedies or protections. In connection with
any Securitization, each related Non-Securitizing Note Holder shall provide for inclusion in any disclosure document relating
to such Securitization such information concerning such Non-Securitizing Note Holder and its Note as the related Securitizing
Note Holder reasonably determines to be necessary or appropriate, and such Non-Securitizing Note Holder shall, at the Securitizing
Note Holder’s expense, cooperate with the reasonable requests of each Rating Agency and such Securitizing Note Holder in
connection with such Securitization (including, without limitation, reasonably cooperating with the Securitizing Note Holder (without
any obligation to make additional representations and warranties) to enable the Securitizing Note Holder to make all necessary
certifications and deliver all necessary opinions (including customary securities law opinions) in connection with the Mortgage
Loan and such Securitization), as well as in connection with all other matters and the preparation of any offering documents thereof
and to review and respond reasonably promptly with respect to any information relating to such Non-Securitizing Note Holder and
its Note in any Securitization document. Each Note Holder acknowledges that in connection with any Securitization, the information
provided by it in its capacity as a Non-Securitizing Note Holder to the related Securitizing Note Holder may be incorporated into
the offering documents for such Securitization. Each Securitizing Note Holder and each Rating Agency shall be entitled to rely
on the information supplied by, or on behalf of, each Non-Securitizing Note Holder. The Securitizing Note Holder shall reasonably
cooperate with each Non-Securitizing Note Holder by providing all information reasonably requested that is in the Securitizing
Note Holder’s

 

     -46-

     

    

 

possession in connection with such Non-Securitizing Note Holder’s preparation of disclosure materials
in connection with a Securitization.

 

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

 

Section 28.   Notices. All notices required hereunder shall be given by (i) telephone (confirmed promptly in writing) or shall
be in writing and personally delivered, (ii) sent by facsimile transmission (during business hours) if the sender on the same
day sends a confirming copy of such notice by reputable overnight delivery service (charges prepaid), (iii) reputable overnight
delivery service (charges prepaid) or (iv) certified United States mail, postage prepaid return receipt requested, and addressed
to the respective parties at their addresses set forth on Exhibit B hereto, or at such other address as any party shall
hereafter inform the other party by written notice given as aforesaid. All written notices so given shall be deemed effective upon
receipt.

 

Section 29.    Broker. Each Note Holder represents to each other that no broker was responsible for bringing about this transaction.

 

Section 30.    Certain Matters Affecting the Agent.

 

(a)          The Agent may request and/or rely upon and shall be protected in acting or refraining from acting upon any officer’s
certificate or assignment and assumption agreement delivered to the Agent pursuant to Section 14 and Section 15;

 

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

 

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

 

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

 

(e)           The Agent shall not be bound to make any investigation into the facts or matters stated in any officer’s certificate
or assignment and assumption agreement delivered to the Agent pursuant to Section 15;

 

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

 

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

 

Section 31.   Reserved. Resignation
or Termination of Agent. The Agent may resign at any time on ten (10) days’ prior notice, so long as a successor Agent,
reasonably satisfactory to the Note Holders (it being agreed that a Servicer, the Trustee or a Certificate Administrator in a
Securitization is satisfactory to the Note Holders), has agreed to be bound by this Agreement and perform the duties of the Agent
hereunder. Column, as Initial Agent, may transfer its rights and obligations to a Servicer, the Trustee or the Certificate Administrator,
as successor Agent, at any time without the consent of any Note Holder. Notwithstanding the foregoing, Note Holders hereby agree
that, simultaneously with the closing of the Lead Securitization, the Master Servicer shall be deemed to have been automatically
appointed as the successor Agent under this Agreement in place of Column without any further notice or other action. The termination
or resignation of such Master Servicer, as Master Servicer under the Lead Securitization Servicing Agreement, shall be deemed
a termination or resignation of such Master Servicer as Agent under this Agreement, and any successor master servicer shall be
deemed to have been automatically appointed as the successor Agent under this Agreement in place thereof without any further notice
or other action.

 

Section 33.   Resizing. Notwithstanding any other provision of this Agreement, for so long as Column, Wells, Regions or an affiliate
of any thereof (each, an “Original Entity”) is the owner of any Non-Lead Securitization Note (each, an “Owned
Note”), such Original Entity shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the
Mortgage Loan Borrower to execute amended and restated notes or additional notes (in each case, as applicable, “New Notes”)
reallocating the principal of an Owned Note to such New Notes; or severing an Owned Note into one or more further “component”
notes in the aggregate principal amount equal to the then outstanding principal balance of such Owned Note provided that
(i) the aggregate principal balance of all outstanding New Notes following such amendments is no greater than the aggregate
principal of such Owned Note prior to such amendments, (ii) all Notes continue to have the same weighted average interest
rate as the Notes prior to such amendments, (iii) all Notes pay pro rata and on a pari passu basis and such
reallocated or component notes shall be automatically subject to the terms of this Agreement and (iv) the Original Entity
holding the New Notes shall notify the Lead Securitization Note Holder, the Master Servicer, the Special Servicer, the Certificate
Administrator and the Trustee in writing of such modified allocations and principal amounts. If the Lead Securitization Note Holder
so requests, the Original Entity holding the New Notes (and any subsequent holder of such Notes) shall execute a confirmation of
the continuing applicability of this Agreement to the New Notes, as so modified. Except for the foregoing reallocation and for
modifications pursuant to the Lead Securitization Servicing Agreement (as discussed in Section 5), no Note may be modified
or amended without the consent of its holder and the consent of the holder of each other Note. In connection with the foregoing
(provided the conditions set forth in clauses (i) through (iv) above are satisfied, as certified by the Original
Entity, on which certification the Master Servicer can rely), the Master Servicer is hereby authorized and directed to execute
amendments to the

 

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Mortgage Loan Documents and this Agreement on behalf of any or all of the Note Holders, as applicable, solely
for the purpose of reflecting such reallocation of principal and that each New Note shall be a “Note” hereunder and
for the purpose of adding and modifying any definitions related thereto. If more than one New Note is created hereunder, for purposes
of exercising the rights of a Controlling Note Holder or Non-Controlling Note Holder hereunder, the “Controlling Note Holder”
or “Non-Controlling Note Holder”, as applicable, shall be as provided in the definitions of such terms in this Agreement;
provided that the Controlling Note Holder shall be entitled to designate any New Note created from the existing Controlling
Note to be a Non-Controlling Note hereunder.

 

[SIGNATURE PAGE FOLLOWS]

 

     -49-

     

    

 

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

 

	 	COLUMN FINANCIAL, INC., as Initial Agent, Initial Note A-1 Holder
	 	 	 
	 	By:	/s/ David Tlusty
	 	 	Name:          David Tlusty
	 	 	Title:     Authorized Signatory

 

	 	COLUMN FINANCIAL, INC., as  Initial Note A-2 Holder
	 	 	 
	 	By:	/s/ David Tlusty
	 	 	Name:            David Tlusty
	 	 	Title:     Authorized Signatory

 

CSAIL
2017-CX9: THE  BOULDERS RESORT & SPA—CO-LENDER AGREEMENT 

 

     

     

    

 

EXHIBIT
A

 

MORTGAGE LOAN SCHEDULE

 

Description of Mortgage Loan

 

	Mortgage Loan Borrower:	CP Boulders, LLC
	Date of Mortgage Loan: 	August 31, 2017
	Date of Promissory Notes: 	Note
A-1    August 31, 2017
 Note A-2    August 31, 2017 
 

	Original Principal Amount of Mortgage Loan:	$73,000,000
	Principal Amount of Mortgage Loan as of the date hereof:	$73,000,000
	Original Note A-1 Principal Balance:	$50,000,000
	Original Note A-2 Principal Balance:	$23,000,000
	Maturity Date:	September 6, 2022

 

     A-1

     

    

 

EXHIBIT B

 

Initial Note A-1 and Initial Note A-2 Holder:

 

Column Financial, Inc.

One Madison Avenue

New York, New York 10010

Office of General Counsel

Attention: Sarah Nelson

Facsimile No.: (917) 326-8433

 

Following Securitization of Note A-1
or Note A-2, as applicable, the applicable notice addresses set forth in the related Securitization Servicing Agreement.

 

    B-1

     

    

 

EXHIBIT C

 

PERMITTED FUND MANAGERS

 

		1.	Alliance Bernstein

		2.	Annaly Capital Management

		3.	Apollo Real Estate Advisors

		4.	Archon Capital, L.P.

		5.	AREA Property Partners

		6.	Artemis Real Estate Partners

		7.	BlackRock, Inc.

		8.	Capital Trust, Inc.

		9.	Clarion Partners

		10.	Colony Capital, LLC / Colony Financial, Inc.

		11.	CreXus Investment Corporation/Annaly Capital Management

		12.	DLJ Real Estate Capital Partners

		13.	Dune Real Estate Partners

		14.	Eightfold Real Estate Capital, L.P.

		15.	Five Mile Capital Partners

		16.	Fortress Investment Group, LLC

		17.	Garrison Investment Group

		18.	Goldman, Sachs & Co.

		19.	H/2 Capital Partners LLC

		20.	Hudson Advisors

		21.	Investcorp International

		22.	iStar Financial Inc.

		23.	J.P. Morgan Investment Management Inc.

		24.	JER Partners

		25.	Lend-Lease Real Estate Investments

		26.	Libermax Capital LLC

		27.	LoanCore Capital

		28.	Lone Star Funds

		29.	Lowe Enterprises

		30.	Normandy Real Estate Partners

		31.	One William Street Capital Management, L.P.

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

		33.	Praedium Group

		34.	Raith Capital Partners, LLC

		35.	Rialto Capital Management, LLC

		36.	Rialto Capital Advisors LLC

		37.	Rimrock Capital Management LLC

		38.	Rockpoint Group

		39.	Rockwood

		40.	RREEF Funds

		41.	Square Mile Capital Management

		42.	Starwood Capital Group/Starwood Financial Trust

 

     C-1

     

    

 

		43.	The Blackstone Group

		44.	The Carlyle Group

		45.	Torchlight Investors

		46.	Walton Street Capital, L.L.C.

		47.	Westbrook Partners

		48.	WestRiver Capital

		49.	Wheelock Street Capital

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

 

     C-2

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