Document:

EX-4.4

 Exhibit 4.4 

EXECUTION COPY 
 SCF RC
FUNDING I LLC, 
 SCF RC FUNDING II LLC, 

and 
 SCF RC FUNDING III LLC, 

each, as an Issuer, 
 and 

CITIBANK, N.A., 
 as Indenture
Trustee 
  
  

SERIES 2017-1 SUPPLEMENT 

Dated as of July 11, 2017 

to 
 AMENDED AND RESTATED MASTER
INDENTURE 
 Dated as of July 11, 2017 
  

 
 NET-LEASE MORTGAGE NOTES, SERIES 2017-1, CLASS A AND CLASS B 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I DEFINITIONS
	  	 	1	 
			
	 Section 1.01.
	 	Definitions	  	 	1	 
		
	 ARTICLE II CREATION OF THE SERIES 2017-1
NOTES; PAYMENTS ON THE SERIES 2017-1 NOTES
	  	 	8	 
			
	 Section 2.01.
	 	Designation	  	 	8	 
	 Section 2.02.
	 	Payments on the Series 2017-1 Notes	  	 	9	 
	 Section 2.03.
	 	Voluntary Prepayment	  	 	10	 
	 Section 2.04.
	 	Early Refinancings	  	 	11	 
	 Section 2.05.
	 	Unscheduled Principal Payments	  	 	11	 
		
	ARTICLE III REPRESENTATIONS AND WARRANTIES	  	 	11	 
			
	 Section 3.01.
	 	Representations and Warranties	  	 	11	 
	 Section 3.02.
	 	Conditions Precedent Satisfied	  	 	12	 
	 Section 3.03.
	 	Collateral Representations and Warranties	  	 	12	 
		
	ARTICLE IV MISCELLANEOUS PROVISIONS	  	 	12	 
			
	 Section 4.01.
	 	Ratification of Indenture	  	 	12	 
	 Section 4.02.
	 	Counterparts	  	 	12	 
	 Section 4.03.
	 	Governing Law	  	 	12	 
	 Section 4.04.
	 	Beneficiaries	  	 	12	 
	 Section 4.05.
	 	Non-Petition	  	 	13	 
	 Section 4.06.
	 	Non-Recourse	  	 	13	 
	 Section 4.07.
	 	Amendments	  	 	13	 
	 Section 4.08.
	 	Notice to the Rating Agencies	  	 	13	 
	 Section 4.09.
	 	Post-Closing Properties	  	 	14	 
		
	ARTICLE V AFFILIATE PARTIES	  	 	14	 
			
	 Section 5.01.
	 	Affiliate Parties	  	 	14	 

  
 i 

			
	Exhibits	  	
		
	EXHIBIT A	  	Additional Representations and Warranties
	EXHIBIT B-1	  	Form of Officer’s Certificate of the Issuers with respect to Post-Closing Properties
	EXHIBIT B-2	  	Form of Officer’s Certificate of SCF Realty Capital with respectto Post-Closing Properties
	EXHIBIT B-3	  	Form of Officer’s Certificate of Counsel to the Issuers withrespect to Post-Closing Properties
	EXHIBIT C	  	Post-Closing Properties
		
	Schedules	  	
		
	SCHEDULE I-A	  	Properties / Locations
	SCHEDULE I-B	  	Mortgage Loans
	SCHEDULE I-C	  	Representations and Warranties Exception Schedule
	SCHEDULE II-A	  	Amortization Schedule (Series 2017-1 Class A Notes)
	SCHEDULE II-B	  	Amortization Schedule (Series 2017-1 Class B Notes)

  

  
 ii 

 SERIES 2017-1 SUPPLEMENT, dated as of July 11, 2017
(the “Series 2017-1 Supplement”), among SCF RC FUNDING I LLC, SCF RC FUNDING II LLC, SCF RC FUNDING III LLC (each an “Issuer” and collectively, the
“Issuers”) and CITIBANK, N.A. (the “Indenture Trustee”). 
 Pursuant to this Series 2017-1 Supplement to the Amended and Restated Master Indenture, dated as of July 11, 2017 (the “Master Indenture”), among the Issuers and the Indenture Trustee, the Issuers and the
Indenture Trustee hereby create a new Series of Notes (the “Series 2017-1 Notes”), which consists of the Series 2017-1 Class A Notes (as
defined below) and the Series 2017-1 Class B Notes (as defined below), and specify the Principal Terms thereof. 

Pursuant to the Indenture, the Issuers, together with any applicable co-issuers, may from time to time
direct the Indenture Trustee to authenticate one or more new Series of Notes. The Principal Terms of any new Series are to be set forth in a related Series Supplement to the Indenture. 

ARTICLE I 
 DEFINITIONS

 Section 1.01. Definitions. 

Capitalized terms used herein and not otherwise defined shall have the meaning set forth in the Indenture or in the Property Management
Agreement, as applicable. 
 “Accrual Period”: With respect to the Series
2017-1 Notes and any Payment Date, the period from and including the 25th day of the preceding month (or, with respect to the initial Accrual Period, from and including the Series Closing Date) to, but
excluding, the 25th day of the month of payment. For the avoidance of doubt, the Accrual Period will always be computed on the basis of a 360-day year consisting of twelve
30-day months. 
 “Affiliate Party”: Means (i) SCF Realty Capital,
(ii) any of its affiliates or subsidiaries, or (iii) any party controlling or under common control with any entity specified in clauses (i) and (ii). 

“Allocated Loan Amount”: As defined in the Property Management Agreement. 

“Anticipated Repayment Date”: With respect to the Series 2017-1 Notes, the
Payment Date occurring in June 2024. 
 “Controlling Party”: With respect to the Series 2017-1 Notes, the Noteholders representing in the aggregate more than 50% of the Outstanding Principal Balance of the Series 2017-1 Class A Notes, or, if such Series 2017-1 Class A Notes have been paid in full, Noteholders representing in the aggregate more than 50% of the Outstanding Principal Balance of the Series 2017-1
Class B Notes; provided, however, if on any date of determination one or more Affiliate Parties are Noteholders representing in the aggregate 50% or less of (i) the Outstanding Principal Balance of the Series
2017-1 Class A Notes as of such date or (ii) if the Series 2017-1 Class A Notes have been paid in full, the Outstanding Principal Balance of the Series 2017-1 Class B Notes as of such date, the Notes held by such Affiliate Party or Parties will not be included in the calculation of “Controlling Party” and such Affiliate Parties will have no voting
rights in connection therewith on such date. 

  
 1 

 “Early Refinancing Prepayment”: As defined in Section 2.04. 

“Early Refinancing Notice Date”: As defined in Section 2.04. 

“Existing Issuers”: Together, SCF RC Funding I LLC and SCF RC Funding II LLC. 

“FCCR”: As defined in the Property Management Agreement. 

“Full Redemption Amount”: The amount specified in Section 2.03(b). 

“Hedge Agreement”: Not applicable to the Series 2017-1 Notes. 

“Hedge Counterparty”: Not applicable to the Series 2017-1 Notes. 

“Hedge Counterparty Account”: Not applicable to the Series 2017-1 Notes. 

“Indenture”: The Master Indenture, as supplemented by the Series 2016-1
Supplement, and as further supplemented by this Series 2017-1 Supplement and any other Series Supplement, as applicable. 

“Indenture Trustee Fee Rate”: With respect to the Series 2017-1 Notes,
0.0085%. 
 “Initial Purchasers”: Guggenheim Securities, LLC and Credit Suisse Securities (USA) LLC. 

“Issuer Manager”: SCF Realty Capital in its capacity as manager of each Issuer, and its permitted successors and
assigns. 
 “Issuer LLC Agreement”: As the context requires, (i) the second amended and restated limited
liability company agreement of SCF RC Funding I LLC, dated as of the Series Closing Date, (ii) the second amended and restated limited liability company agreement of SCF RC Funding II LLC, dated as of the Series Closing Date or (ii) the
third amended and restated limited liability company agreement of SCF RC Funding III LLC, dated as of the Series Closing Date, in each case as may be amended or restated from time to time. 

“Make Whole Amount”: With respect to any Class of the Series 2017-1 Notes
and any Voluntary Prepayment or Unscheduled Principal Payment, an amount (not less than zero) equal to: (A) using the Reinvestment Yield, the sum of the discounted present values of the aggregate payments of principal and interest remaining for
such Class of Notes due on or prior to the Payment Date in November 2021 with respect to such Class of Notes being prepaid (calculated prior to the application of the Voluntary Prepayment or Unscheduled Principal Payment), minus
(B) the amount of principal repaid by the Voluntary Prepayment or Unscheduled Principal Payment made with respect to such Class of Notes, as applicable. 

  
 2 

 “Make Whole Date”: The Payment Date occurring in November 2021. 

“Maximum Property Concentration”: Means, with respect to any Determination Date, after giving effect to any Qualified
Substitute Property, Qualified Substitute Loan, Qualified Mortgaged Property, Post-Closing Property, Replacement Property and, in each case, the Leases thereunder, the following percentages equal to the aggregate Allocated Loan Amounts of the
Properties in such concentration over the aggregate Allocated Loan Amounts of the Collateral Pool: (i) (a) with respect to the Restaurants – Casual Dining, Restaurants – Family Dining, and Restaurants – Quick Service
Business Sectors as of any Determination Date, no limit, so long as no related Restaurant Concept exceeds 25.0% as of such Determination Date and (b) with respect to each other Business Sector as of any Determination Date, a percentage equal to
20.0%; (ii) with respect to any Tenant (including affiliates thereof), (a) in the case of the largest Tenant (including affiliates thereof) as of such Determination Date, a percentage equal to 25.0% and (b) in the case of the five
(5) largest Tenants (including affiliates thereof) as of such Determination Date, an aggregate percentage equal to 60.0% as of such Determination Date; (iii) (a) with respect to Properties located in any state (other than Texas,
Florida or Georgia) as of such Determination Date, a percentage equal to 17.5% and (b) with respect to Properties located in Texas, Florida or Georgia as of such Determination Date, a percentage equal to 25.0% as of such Determination Date;
(iv) with respect to Properties with a FCCR less than 1.25 as of such Determination Date, a percentage equal to 10.0% as of such Determination Date; (v) with respect to Tenant Ground Leases as of such Determination Date, a percentage equal
to 3.0% as of such Determination Date; (vi) with respect to Leasehold Properties as of such Determination Date, a percentage equal to 5.0% as of such Determination Date; (vii) with respect to Percentage Rent as a percentage of total rent
as of such Determination Date, a percent equal to 5.0% as of such Determination Date; (viii) with respect to Properties with less than twelve (12) months of operating history at such location as of such Determination Date, a percentage
equal to 10.0% as of such Determination Date and (ix) (a) with respect to Loans, as of such Determination Date prior to the first Related Series Closing Date occurring after the Series Closing Date, a percentage no greater than 0.0% as of
such Determination Date and (b) with respect to Loans, as of such Determination Date on or after the first Related Series Closing Date occurring after the Series Closing Date, a percentage no greater than 20.0% as of such Determination Date.

 “Note Rate”: The Note Rate set forth in Section 2.01(a) hereof that corresponds to each Class of Notes,
as applicable. 
 “Post-ARD Additional Interest Rate”: With respect to the
Series 2017-1 Notes, a rate determined by the Property Manager to be the greater of (i) 5.00% and (ii) the amount, if any, by which the sum of the following exceeds the Note Rate for such
Class of Notes: (A) the yield to maturity (adjusted to a “mortgage equivalent basis” pursuant to the standards and practices of the Securities Industry and Financial Markets Association) on such Anticipated Repayment Date of the
United States Treasury Security having a term closest to ten (10) years, plus (B) 5.00%, plus (C) the applicable Post-ARD Spread. 

  
 3 

 “Post-ARD Spread”: With respect
to (i) the Series 2017-1 Class A Notes, a percentage equal to 2.10%, and (ii) the Series 2017-1 Class B Notes, a percentage equal to 3.10%. 

“Post-Closing Acquisition Conditions”: With respect to each Post-Closing Property on each Post-Closing Acquisition
Date, the following conditions precedent: 
 (a) receipt by the Indenture Trustee of an Officer’s Certificate from the Issuers (upon
which the Indenture Trustee may conclusively rely with no liability therefor), dated as of the applicable Post-Closing Acquisition Date, in the form of Exhibit B-1 attached hereto, certifying to
the following, and a Responsible Officer of the Indenture Trustee has no actual knowledge that anything contained therein is untrue: 
 (i)
no Early Amortization Period or DSCR Sweep Period is continuing and the acquisition of the Post-Closing Properties will not result in the occurrence of an Early Amortization Period or DSCR Sweep Period; 

(ii) based on the facts known to the person executing such Officer’s Certificate, the Issuers reasonably believe that no uncured Indenture
Event of Default is continuing as of the applicable Post-Closing Acquisition Date and the acquisition of the Post-Closing Properties will not result in the occurrence of an Indenture Event of Default; 

(iii) each Issuer is a solvent, special purpose, bankruptcy-remote entity with an independent manager; 

(iv) the representations and warranties of the Issuers made pursuant to Section 2.20 of the Indenture with respect to the Post-Closing
Properties are true and correct as of the Post-Closing Acquisition Date; 
 (v) all Post-Closing Acquisition Deliverables have been delivered
to the Custodian as of the applicable Post-Closing Acquisition Date or such Post-Closing Acquisition Deliverables are addressed by a certification from counsel to the Issuers; 

(vi) each of the UCC Financing Statements (in the form of the UCC Financing Statements delivered in the ordinary course with respect to the
Issuers’ Owned Properties), including those (A) to the extent required by the jurisdiction in which the Post-Closing Property is located, which, upon filing, perfect the Indenture Trustee’s security interest in fixtures with respect
to each such Post-Closing Property for the benefit of the Noteholders to the extent not covered by the related Mortgage and (B) that relate to the termination of any applicable liens with respect to each such Post-Closing Property, have been
delivered to the applicable Title Company with appropriate direction to file such UCC Financing Statements in connection with the acquisition of the Post-Closing Properties; and 

(vii) each Post-Closing Property satisfies the criteria set forth in the definition of Post-Closing Property. 

  
 4 

 (b) the Indenture Trustee has received an Officer’s Certificate from SCF Realty Capital
(upon which the Indenture Trustee may conclusively rely with no liability therefor), dated as of the applicable Post-Closing Acquisition Date, in the form of Exhibit B-2 attached hereto,
certifying that (i) the terms, covenants, agreements and conditions to be complied with and performed by SCF Realty Capital pursuant to the Transaction Documents have been complied with and performed in all material respects and (ii) each
of the representations and warranties of SCF Realty Capital contained in the Transaction Documents are true and correct in all material respects as though expressly made on and as of the Post-Closing Acquisition Date; 

(c) receipt by the Indenture Trustee and the Custodian of a certification from counsel to the Issuers, dated as of the Post-Closing Acquisition
Date and in form and substance of Exhibit B-3 attached hereto, that each of the items required to be delivered pursuant to the Master Indenture, this Series
2017-1 Supplement and the Custody Agreement in connection with the acquisition of a Post-Closing Property has been duly delivered in the form and substance required therein or, to the extent such documents
have not been so delivered, that (i) such documents are in the possession of the related Title Company and such Title Company has been instructed to record or file such documents, as applicable, or (ii) such counsel has such documents in
its possession and is acting as the document agent on behalf of the Custodian and the Noteholders with respect thereto and that such documents will be delivered as required pursuant to this Master Indenture and the Custody Agreement; and 

(d) receipt by the Indenture Trustee of a receipt and certification of the Custodian pursuant to the Custody Agreement with respect to such
Post-Closing Property. 
 “Post-Closing Acquisition Deadline”: January 11, 2018. 

“Post-Closing Acquisition Reserve Amount”: An amount equal to $19,057,654 from the proceeds of the sale of the Series 2017-1 Notes, such amount to be deposited into the Post-Closing Acquisition Reserve Account on the Series Closing Date. 

“Private Placement Memorandum”: With respect to the Series 2017-1 Notes, the
Private Placement Memorandum dated June 29, 2017. 
 “Qualified Intermediary”: SCF Exchange LLC. 

“Qualified Intermediary Fee”: As defined in the Property Management Agreement. 

“Qualified Release Amount”: An amount equal to one hundred fifteen percent (115%) of the Early Refinancing Prepayment.

 “Rated Final Payment Date”: With respect to the Series 2017-1 Notes, the
Payment Date occurring in June 2047. 
 “Rating Agencies”: S&P Global, Inc. and Kroll Bond Rating Agency,
Inc. 
 “Related Series Closing Date”: The date of issuance of any Related Series Notes. 

  
 5 

 “Related Series Notes”: Together with the Series 2016-1 Notes, one or more additional series of Notes issued by the Issuers and any applicable co-issuer pursuant to the Indenture and the applicable Series Supplement, each of
which will also be secured by the Collateral Pool on a pro rata basis. 
 “Reinvestment Yield”: With respect to
any Class of Series 2017-1 Notes, the yield on the United States Treasury Securities having the closest maturity (month and year) to the weighted average life of such Class of Notes as of such
Payment Date, measured as of the Payment Date in November 2021 with respect to such Class of Notes (prior to the application of any Voluntary Prepayment or Unscheduled Principal Prepayment with respect thereto, plus 0.50%. If more than one
such United States Treasury Security is quoted as maturing on such date, then the yield of the United States Treasury Security quoted closest to par shall be used in the calculation of the Reinvestment Yield. 

“Requisite Global Majority”: The Noteholders representing more than 66 2/3% of the Aggregate Series Principal Balance;
provided, however, if on any date of determination one or more Affiliate Parties is a Noteholder representing in the aggregate 50% or less of (i) the Outstanding Principal Balances of the Series
2017-1 Class A Notes and any class A notes of any Related Series Notes as of such date or (ii) if the Series 2017-1 Class A Notes and any class A notes of
any Related Series Notes have been paid in full, the Outstanding Principal Balance of the Series 2017-1 Class B Notes and any class B notes of any Related Series Notes as of such date, the Notes held by
such Affiliate Party or Parties will not be included in the calculation of the “Requisite Global Majority” and such Affiliate Party or Parties will have no voting rights in connection therewith on such date; provided further, that if on
any date of determination one or more Affiliate Party or Parties own in the aggregate less than 100% of the Aggregate Series Principal Balance of the Notes as of such date, the Notes held by such Affiliate Party or Parties will not be included in
the calculation of “Requisite Global Majority” for the purpose of exercising any voting rights with respect to directing, waiving, rescinding, declaring, voting or acting with respect to any Event of Default, acceleration of the Notes,
Early Amortization Period, Servicer Replacement Event or the exercise of remedies under the Indenture or any Mortgage. 

“Scheduled Class A Principal Balance”: With respect to any Payment Date and the
Series 2017-1 Class A Notes, the amount set forth for such date on the Amortization Schedule annexed hereto as Schedule II-A. 

“Scheduled Class A Principal Payment”: With respect to each Payment Date and the
Series 2017-1 Class A Notes, an amount equal to the sum of (a) any unpaid portion of Scheduled Class A Principal Payment from prior Payment Dates plus (b) the product of (i)(A) the related
Scheduled Class A Principal Balance for the prior Payment Date minus (B) the Scheduled Class A Principal Balance for the current Payment Date multiplied by (ii) a fraction (A) the numerator of which is equal to the
Outstanding Principal Balance of the Series 2017-1 Class A Notes (without taking into account any payments to be made on such Payment Date) minus the amounts specified in clause (a) of this
definition and (B) the denominator of which is the Scheduled Class A Principal Balance for the prior Payment Date. 

  
 6 

 “Scheduled Class B Principal Balance”:
With respect to any Payment Date and the Series 2017-1 Class B Notes, the amount set forth for such date on the Amortization Schedule annexed hereto as Schedule II-B. 
 “Scheduled Class B Principal
Payment”: With respect to each Payment Date and the Series 2017-1 Class B Notes, an amount equal to (i) on any Payment Date prior to the Anticipated Repayment Date, zero dollars ($0) and
(ii) on the Anticipated Repayment Date, the Outstanding Principal Balance of the Series 2017-1 Class B Notes. 

“Scheduled Series Principal Balance”: The Scheduled Class A Principal Balance or the Scheduled Class B
Principal Balance, as the context requires. 
 “Series 2016-1 Notes”: The Net-Lease Mortgage Notes, Series 2016-1, issued by the Existing Issuers pursuant to the Master Indenture as supplemented by the Series
2016-1 Supplement. 
 “Series 2016-1
Supplement”: The Amended and Restated Series 2016-1 Supplement, dated as of July 11, 2017, among the Existing Issuers and the Indenture Trustee. 

“Series 2017-1 Class A Notes”: Any of the
$232,425,000 Net-Lease Mortgage Notes, Series 2017-1, Class A, issued pursuant to this Series 2017-1 Supplement and the
Indenture, executed by the Issuers and authenticated by the Indenture Trustee or the Authenticating Agent, if any, substantially in the form of Exhibits A-1, A-2 or A-3 attached to the Indenture. 

“Series 2017-1 Class A Note Interest”: On any
Payment Date for the Series 2017-1 Class A Notes, the interest accrued during the related Accrual Period at the Series 2017-1 Class A Note Rate, applied to the
Outstanding Principal Balance of the Series 2017-1 Class A Notes before giving effect to any payments of principal on such Payment Date. 

“Series 2017-1 Class A Note Rate”: The Note
Rate set forth in Section 2.01(a) that corresponds to the Series 2017-1 Class A Notes. 

“Series 2017-1 Class A Noteholder”: With
respect to any Series 2017-1 Class A Note, the Person in whose name such Note is registered on the Note Register. 

“Series 2017-1 Class B Notes”: Any of the
$15,675,000 Net-Lease Mortgage Notes, Series 2017-1, Class B, issued pursuant to this Series 2017-1 Supplement and the
Indenture, executed by the Issuers and authenticated by the Indenture Trustee or the Authenticating Agent, if any, substantially in the form of Exhibits A-1, A-2 or A-3 attached to the Indenture. 

“Series 2017-1 Class B Note Interest”: On any
Payment Date for the Series 2017-1 Class B Notes, the interest accrued during the related Accrual Period at the Series 2017-1 Class B Note Rate, applied to the
Outstanding Principal Balance of the Series 2017-1 Class B Notes before giving effect to any payments of principal on such Payment Date. 

  
 7 

 “Series 2017-1
Class B Note Rate”: The Note Rate set forth in Section 2.01(a) that corresponds to the Series 2017-1 Class B Notes. 

“Series 2017-1 Class B Noteholder”: With
respect to any Series 2017-1 Class B Note, the Person in whose name such Note is registered on the Note Register. 

“Series 2017-1 Early Refinancing Period”: As defined in Section 2.04.

 “Series 2017-1 Note”: Any of the Series
2017-1 Class A Notes and the Series 2017-1 Class B Notes. 

“Series 2017-1 Noteholder”: Any of the Series
2017-1 Class A Noteholders and the Series 2017-1 Class B Noteholders. 

“Series Closing Date”: July 11, 2017. 

“Series Collateral Release”: As defined in the Property Management Agreement. 

“Series Disposition Period Date”: As defined in Section 2.01(f). 

ARTICLE II 
 CREATION OF
THE SERIES 2017-1 NOTES; PAYMENTS ON THE SERIES 2017-1 NOTES 

Section 2.01. Designation. 

(a) There is hereby created a Series of Notes consisting of the Series 2017-1 Class A Notes and
the Series 2017-1 Class B Notes to be issued by the Issuers pursuant to the Indenture and this Series 2017-1 Supplement to be known as “Net-Lease Mortgage Notes, Series 2017-1.” The Series 2017-1 Notes shall have the following Class designations, Initial
Principal Balances, Note Rates and Ratings: 
  

											
	 Class Designation
	  	Initial
Principal Balance	 	  	Note Rate	 	 	Ratings (S&P/KBRA)
	 Class A
	  	$	232,425,000	 	  	 	4.10	% 	 	A (sf) / A (sf)
	 Class B
	  	$	15,675,000	 	  	 	5.11	% 	 	BBB (sf) / BBB (sf)

 The Note Interest with respect to the Series 2017-1 Notes will be
computed on the basis of a 360-day year consisting of twelve 30-day months. 

The Series 2017-1 Notes shall not have preference or priority over the Notes of any other Series
except to the extent set forth in the Indenture. The Series 2017-1 Notes shall not be subordinate to any other Series. 

(b) The initial Payment Date with respect to the Series 2017-1 Notes shall be the Payment Date
occurring in July 2017. 

  
 8 

 (c) The initial Collection Period with respect to the Series
2017-1 Notes shall be the period commencing on the Series Closing Date and ending on (and including) the Determination Date in July 2017. 

(d) On the Series Closing Date, the Series 2017-1 Notes shall be issued in the form of Book-Entry
Notes. For the avoidance of doubt, the Series 2017-1 Notes may be transferred in accordance with Article II of the Master Indenture, subject to the additional requirements set forth herein. 

(e) Each statement, notice or other document related to the Series 2017-1 Notes required to be provided
to any applicable Rating Agency pursuant to Section 5.14 of the Master Indenture via email shall be sent to the following addresses: servicer_reports@sandp.com and abssurveillance@kbra.com, in each case, with a copy to
scfrealtycapitalttqa@17g5.com. 
 (f) The “Series Disposition Period Date” with respect to the Series 2017-1 Notes shall be the Payment Date occurring in June 2044. 
 Section 2.02. Payments on
the Series 2017-1 Notes. On each Payment Date, the Indenture Trustee will apply the Series Available Amount with respect to the Series 2017-1 Notes for such Payment
Date for the following purposes and in the following order of priority: 
 (1) to the Series
2017-1 Class A Noteholders, the Series 2017-1 Class A Note Interest, plus unpaid Series 2017-1 Class A Note
Interest from any prior Payment Date, together with interest on any such unpaid Series 2017-1 Class A Note Interest at the Series 2017-1 Class A Note Rate;

 (2) to the Series 2017-1 Class B Noteholders, the Series 2017-1 Class B Note Interest, plus unpaid Series 2017-1 Class B Note Interest from any prior Payment Date, together with interest on any such unpaid Series 2017-1 Class B Note Interest at the Series 2017-1 Class B Note Rate; 

(3) (I) for so long as no Early Amortization Period or Event of Default has occurred and is continuing, to the Series 2017-1 Class A Noteholders, an amount equal to the Scheduled Class A Principal Payment and the Unscheduled Principal Payment allocable to the Series 2017-1 Notes for
such Payment Date; or (II) if an Early Amortization Period or Event of Default has occurred and is continuing to the Series 2017-1 Class A Noteholders all remaining Series Available Amounts until the
Outstanding Principal Balance of the Series 2017-1 Class A Notes has been reduced to zero; 

(4) (I) for so long as no Early Amortization Period or Event of Default has occurred and is continuing, to the Series 2017-1 Class B Noteholders, an amount equal to the sum of the Scheduled Class B Principal Payment and the Unscheduled Principal Payments allocable to the Series
2017-1 Notes for such Payment Date remaining after distributions to the Series 2017-1 Class A Noteholders pursuant to clause 3(I) immediately above; or (II) if
an Early Amortization Period or Event of Default has occurred and is continuing, to the Series 2017-1 Class B Noteholders, all remaining Series Available Amounts until the Outstanding Principal Balance of
the Series 2017-1 Class B Notes has been reduced to zero; 

  
 9 

 (5) to the Series 2017-1 Class A
Noteholders, the Make Whole Amounts allocated to the Series 2017-1 Class A Notes, if any, due on such Payment Date; 

(6) to the Series 2017-1 Class B Noteholders, the Make Whole Amounts allocated to
the Series 2017-1 Class B Notes, if any, due on such Payment Date; 
 (7) to the
Series 2017-1 Class A Noteholders any Post-ARD Additional Interest and Deferred Post-ARD Additional Interest, if any, due on
the Series 2017-1 Class A Notes on such Payment Date; 
 (8) to the Series 2017-1 Class B Noteholders, any Post-ARD Additional Interest and Deferred Post-ARD Additional Interest, if any, due on the Series 2017-1 Class B Notes on such Payment Date; 
 (9) to the Qualified Intermediary, the
earned and unpaid Qualified Intermediary Fees; and 
 (10) to the Issuers, all remaining Series Available Amounts (such
amounts to be released from the lien of the Indenture). 
 Section 2.03. Voluntary Prepayment. 

(a) The Issuers may, at their option, elect to make a Voluntary Prepayment with respect to each Class of Series 2017-1 Notes in whole or in part on the related Redemption Date in accordance with Section 7.01 of the Master Indenture. 

(b) The “Full Redemption Amount” in connection with a Voluntary Prepayment of the Series
2017-1 Notes shall be an amount equal to the sum of (i) the then Outstanding Principal Balance of the Series of Notes being prepaid, (ii) all accrued and unpaid interest thereon, (iii) all
amounts related to such Series of Notes that are outstanding to the Indenture Trustee, the Property Manager, the Special Servicer, the Back-Up Manager and any other parties to the Transaction Documents and
(iv) the required Make Whole Amount, if applicable. The Issuers may prepay a Class of Series 2017-1 Notes in full (without prepaying any Related Series Notes or any other Class of Series 2017-1 Notes) on any Business Day that is on or following the Make Whole Date; provided, that, except in connection with a Series Collateral Release, such Class of Series
2017-1 Notes may only be prepaid in full (without prepaying any other Related Series Notes or other Class of Series 2017-1 Notes) if no other Class of Series 2017-1 Notes or class of Related Series Notes with a higher alphabetical designation and an Anticipated Repayment Date that is the same as or sooner than the Anticipated Repayment Date of the Series 2017-1 Notes is still outstanding. 
 (c) The Partial Redemption Amount in connection with a Voluntary
Prepayment of the Series 2017-1 Notes shall be as set forth in Section 7.01(d) of the Master Indenture. For the avoidance of doubt, proceeds from a Series Collateral Release are not permitted to be used
for a Voluntary Prepayment in connection with a partial prepayment of the Notes or any Related Series Notes. 

  
 10 

 Section 2.04. Early Refinancings. With respect to the Series 2017-1 Notes and on any Payment Date on or following the Payment Date in November 2019, the Issuers have the right to prepay an aggregate amount up to 25% of the Series Principal Balance of the Series 2017-1 Notes as of the Series Closing Date (the “Early Refinancing Prepayment”). No Make Whole Amount will be due in relation to any Early Refinancing Prepayment; provided, that
(i) the prepayment is made with funds obtained from a Qualified Deleveraging Event, (ii) the Issuers provided no less than thirty (30) days’ notice to the Noteholders (such date, the
“Early Refinancing Notice Date”) and (iii) such Early Refinancing Prepayment is used to prepay a portion of the Outstanding Principal Balance of the Notes no later than twelve
(12) months following the Early Refinancing Notice Date (the “Series 2017-1 Early Refinancing Period”). 

Section 2.05. Unscheduled Principal Payments. A Make Whole Amount will be due to Noteholders of each Class of Notes in
connection with the payment of any Unscheduled Principal Payment actually paid on the related Payment Date, other than any portion thereof consisting of Insurance Proceeds, Condemnation Proceeds, Early Refinancing Prepayments made in connection with
the Qualified Deleveraging Event, Post-Closing Acquisition Unused Proceeds, amounts disbursed to the Payment Account from the DSCR Reserve Account and amounts received in respect of a Specially Managed Unit or a repurchase due to a Collateral
Defect. 
 ARTICLE III 

REPRESENTATIONS AND WARRANTIES 

Section 3.01. Representations and Warranties. 

(a) The Issuers and the Indenture Trustee hereby restate as of the Series Closing Date, or as of such other date as is specifically referenced
in the body of such representation and warranty, all of the representations and warranties set forth in Section 2.19, Section 2.20, Section 2.21, Section 2.22, Section 5.06 and Section 9.04, as applicable, of the Master
Indenture. 
 (b) Each of the Issuers and the Indenture Trustee hereby represents and warrants to each other as of the Series Closing Date:

 (i) it has full corporate power and authority to execute, deliver and perform under this Series
2017-1 Supplement, and to consummate the transactions set forth herein. The consummation of the transactions contemplated by this Series 2017-1 Supplement is in the
ordinary course of its business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of its organizational documents, or any material agreement or instrument to which it is now a party or by which it is
bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which it or its property is subject, except any such violation that would not result in a material adverse effect on the business or financial

  
 11 

 
condition of such party or the enforceability of any of the Transaction Documents. The execution, delivery and performance by it of this Series 2017-1
Supplement, and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action. This Series 2017-1 Supplement has been duly executed and delivered
by it and constitutes the valid and legally binding obligation of it enforceable against it in accordance with its terms; and 
 (ii) No
consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by it in connection with the execution, delivery or performance by it of this Series 2017-1 Supplement, or the consummation by it of the transactions contemplated hereby, except such as have already been obtained. 

Section 3.02. Conditions Precedent Satisfied. The Issuers hereby represent and warrant to the Indenture Trustee that, as of the
Series Closing Date, each of the conditions precedent set forth in the Master Indenture have been satisfied. 
 Section 3.03.
Collateral Representations and Warranties. The Issuers hereby represent and warrant to the Indenture Trustee on behalf of the Series 2017-1 Noteholders that the representations and warranties set forth
in Section 2.20 of the Master Indenture and Exhibit A hereto, if any, are true and correct as of the Series Closing Date (or such other date as is set forth in any such representation or warranty) with respect to the
Owned Properties and Leases Granted by such Issuer on the Series Closing Date, except as otherwise set forth in Schedule I-C hereto. 

ARTICLE IV 

MISCELLANEOUS PROVISIONS 

Section 4.01. Ratification of Indenture. The Indenture is in all respects ratified and confirmed and the Indenture, as so
supplemented by this Series 2017-1 Supplement shall be read, taken and construed as one and the same instrument. 

Section 4.02. Counterparts. This Series 2017-1 Supplement may be executed in two or more
counterparts, and by different parties on separate counterparts, each of which shall be an original regardless of whether delivered in physical or electronic form, but all of which shall constitute one and the same instrument. 

Section 4.03. Governing Law. THIS SERIES 2017-1 SUPPLEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAW PROVISIONS THEREOF, OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW, AND THE OBLIGATIONS,
RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 Section 4.04. Beneficiaries.
As supplemented by this Series 2017-1 Supplement, the Indenture shall inure to the benefit of and be binding upon the parties hereto, the Series 2017-1 Noteholders, and
their respective successors and permitted assigns. No other Person shall have any right or obligation hereunder. 

  
 12 

 Section 4.05. Non-Petition. Each Series 2017-1 Noteholder shall be deemed to have agreed, by acceptance of its Series 2017-1 Note, not to file or join in filing any petition in any bankruptcy, reorganization,
arrangement, insolvency or liquidation proceedings, or other proceedings, under any federal or state bankruptcy or similar law in respect of any Issuer for a period of two (2) years and thirty-one
(31) days following payment in full of all of the Notes (including the Series 2017-1 Notes) issued or co-issued by the Issuers under the Indenture provided,
however, that nothing in this Section 4.05 shall constitute a waiver of any right to indemnification, reimbursement or other payment from the Issuers pursuant to the Indenture. In the event that any such Series 2017-1 Noteholder or the Indenture Trustee takes action in violation of this Section 4.05, the applicable Issuer, shall file or cause to be filed an answer with the bankruptcy court or otherwise properly
contesting the filing of such a petition by any such Series 2017-1 Noteholder or the Indenture Trustee against such Issuer or the commencement of such action and raising the defense that such Series 2017-1 Noteholder or the Indenture Trustee has agreed in writing not to take such action and should be estopped and precluded therefrom and such other defenses, if any, as its counsel advises that it may assert. The
provisions of this Section 4.05 shall survive the termination of the Indenture, and the resignation or removal of the Indenture Trustee. Nothing contained herein shall preclude participation by any Series
2017-1 Noteholder or the Indenture Trustee in the assertion or defense of its claims in any such proceeding involving any Issuer. 

Section 4.06. Non-Recourse. Notwithstanding anything to the contrary herein or otherwise
in the Indenture, the Series 2017-1 Notes are nonrecourse obligations solely of the Issuers and shall be payable only from the Collateral Pool. Upon the exhaustion of the Collateral included in the Collateral
Pool, any liabilities of the Issuers hereunder shall be extinguished. No recourse shall be had for the payment of any amount owing in respect of any fee hereunder or any other obligation or claim arising out of or based upon the Indenture against
any member, employee, officer or director of the Issuers. Fees, expenses, costs or other obligations payable by the Issues hereunder shall be payable by the Issuers only to the extent that funds are then available or thereafter become available for
such purpose pursuant to Section 2.11 of the Indenture. In the event that sufficient funds are not available for their payment pursuant to Section 2.11 of the Indenture, the excess unpaid amount of such fees, expenses, costs or other
obligations shall in no event constitute a claim (as defined in Section 101 of the Bankruptcy Code) against, or corporate obligation of, the Issuers. Nothing in this Section 4.06 shall be construed to limit the Indenture Trustee, on behalf
of the Noteholders, from exercising its rights hereunder and otherwise in accordance with Article IV of the Master Indenture with respect to the Collateral Pool. 

Section 4.07. Amendments. This Series 2017-1 Supplement may, from time to time, be
amended, modified or waived in accordance with Article VIII of the Master Indenture. 
 Section 4.08. Notice to the Rating
Agencies. Any communication provided for or permitted hereunder or otherwise pursuant to the Indenture shall be in writing and, unless otherwise expressly provided herein, shall be deemed to have been duly given if delivered by courier or mailed
by first class mail, postage prepaid, or if transmitted by facsimile and confirmed in a writing delivered or mailed as aforesaid, to, in the case of (i) S&P Global, Inc., 55 Water Street, 41st Floor, New York, New York, 10004,
Attention: Asset-Backed Surveillance Department, facsimile number: (212) 438-2435 (ii) Kroll Bond Rating Agency, Inc., 845 Third 

  
 13 

 
Avenue, 4th Floor, New York, New York, 10022, in each case, with an electronic copy to scfrealtycapitalttqa@17g5.com; or, as to such Person, such other address or facsimile number as may
hereafter be furnished by such Person to the parties hereto in writing, with an electronic copy to scfrealtycapitalttqa@17g5.com. 

Section 4.09. Post-Closing Properties. For the avoidance of doubt, the four (4) Owned Properties owned by SCF RC Funding III
LLC on or before the date hereof, as described in Exhibit C hereto, shall constitute “Post-Closing Properties” subject to the satisfaction of the Post-Closing Acquisition Conditions. 

ARTICLE V 
 AFFILIATE
PARTIES 
 Section 5.01. Affiliate Parties. In the event that any Affiliate Parties, in the aggregate, own less than 100% of
the Outstanding Principal Balance of the Series 2017-1 Notes, such Affiliate Party or Affiliate Parties will have no rights with respect to directing, waiving, rescinding, declaring, voting or acting with
respect to any Early Amortization Period, Servicer Replacement Event, Event of Default, acceleration of the Notes pursuant to Section 4.02 of the Indenture, or the exercise of remedies under the Indenture or any Mortgage. 

For the avoidance of doubt, the Series 2017-1 Notes held by such Affiliate Parties shall be deemed to
be Outstanding for all purposes other than as described in the immediately preceding sentence in this Section 5.01. 
  

  
 14 

 IN WITNESS WHEREOF, the Issuers and the Indenture Trustee have caused this Series 2017-1 Supplement to be duly executed and delivered by their respective officers thereunto duly authorized and their respective seals, duly attested, to be hereunto affixed, all as of the day and year first above
written. 
  

			
	SCF FUNDING I LLC, a Delaware limited liability company, as an Issuer
	
	By: SCF Realty Capital LLC, as Manager

 
			
		
	By:	 	 /s/ Peter M. Mavoides

	Name: Peter M. Mavoides
	Title: President

 Indenture Supplement (SCF 2017-1) 

 
			
	SCF RC FUNDING II LLC, a Delaware limited liability company, as an Issuer
	
	By: SCF Realty Capital LLC, as Manager
		
	By:	 	 /s/ Peter M. Mavoides

	Name: Peter M. Mavoides
	Title: President

  

  
 Indenture Supplement
(SCF 2017-1) 

 
			
	SCF RC FUNDING III LLC, a Delaware limited liability company, as an Issuer
	
	By: SCF Realty Capital LLC, as Manager
		
	By:	 	 /s/ Peter M. Mavoides

	Name: Peter M. Mavoides
	Title: President

  
 Indenture Supplement
(SCF 2017-1) 

 
			
	CITIBANK, N.A., not in its individual capacity but solely as Indenture Trustee
		
	By:	 	 /s/ John Hannon

	Name: John Hannon
	Title: Vice President

  
 Indenture Supplement
(SCF 2017-1) 

 EXHIBIT A 

ADDITIONAL REPRESENTATIONS AND WARRANTIES 

None. 

  
 A-1 

 EXHIBIT B-1 

FORM OF ISSUERS’ POST-CLOSING ACQUISITION OFFICER’S CERTIFICATE 

NET LEASE MORTGAGE NOTES, SERIES [            ] -
[        ] 
 [                ],
20[        ] 
 Citibank, N.A., as Indenture Trustee 

388 Greenwich Street 
 New York, NY 10013 

Attn: Citibank Agency & Trust—SCF 2017-1 

I,                    , hereby certify that I am a duly
appointed [                ] of the following entities: 

(1) SCF RC Funding I LLC; 
 (2)
SCF RC Funding II LLC; 
 (3) SCF RC Funding III LLC; and 

(4) [ADDITIONAL ISSUERS]; 
 Reference is hereby
made to the Amended and Restated Master Indenture, dated as of July 11, 2017, among SCF RC Funding I LLC, SCF RC Funding II LLC, SCF RC Funding III LLC and Citibank, N.A., and any supplement thereto (the “Indenture”).
Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Indenture. I have examined the Transaction Documents and further certify that, as of the date hereof: 

(i) no Early Amortization Period or DSCR Sweep Period is continuing and the acquisition of the Post-Closing Properties will not
result in the occurrence of an Early Amortization Period or a DSCR Sweep Period; 
 (ii) based on the facts known to me, the
Issuers reasonably believe that no uncured Indenture Event of Default is continuing as of the date hereof and the acquisition of the Post-Closing Properties on the date hereof will not result in the occurrence of an Event of Default; 

(iii) each Issuer is a solvent, special purpose, bankruptcy-remote entity; 

(iv) the representations and warranties of the Issuers made pursuant to the Indenture with respect to the Post-Closing
Properties are true and correct as of the date hereof; 
 (v) all Post-Closing Acquisition Deliverables have been delivered
to the Custodian as of the date hereof or such Post-Closing Acquisition Deliverables are addressed by a certification from counsel to the Issuers in the form of Exhibit G-3 of the Indenture; 

  
 B-1-1 

 (vi) each of the UCC Financing Statements (in the form of the UCC Financing
Statements delivered in the ordinary course with respect to the Issuers’ Properties), including those (A) to the extent required by the jurisdiction in which the Post-Closing Property is located, which, upon filing, perfect the Indenture
Trustee’s security interest in each such Post-Closing Property for the benefit of the Noteholders and (B) that relate to the termination of any applicable liens with respect to each such Post-Closing Property, have been delivered to the
applicable Title Company with appropriate direction to file such UCC Financing Statements in connection with the acquisition of the Post-Closing Properties; and 

(vii) each Post-Closing Property satisfies the requirements set forth in the definition Post-Closing Property. 

[Signature Appears on Following Page] 

  
 B-1-2 

 IN WITNESS WHEREOF, I have hereunto set my hand as of the date first written above. 

 

			
	By:	 	  

	Name:
	Title:

  
 B-1-3 

 EXHIBIT B-2 

FORM OF 
 SCF REALTY
CAPITAL LLC 
 POST-CLOSING ACQUISITION OFFICER’S CERTIFICATE 

NET LEASE MORTGAGE NOTES, SERIES [    ] - [        ] 

[                ], 20[        ] 

Citibank, N.A., as Indenture Trustee 
 388 Greenwich Street 

New York, NY 10013 
 Attn: Citibank Agency &
Trust—SCF 2017-1 
 We,
                     and                     ,
hereby certify that we are duly appointed [                    ] and
[                    ], respectively, of SCF Realty Capital LLC (the “Company”). Reference is hereby made to the Amended and
Restated Master Indenture, dated as of dated as of July 11, 2017, among SCF RC Funding I LLC, SCF RC Funding II LLC, SCF RC Funding III LLC and Citibank, N.A., and any supplement thereto (the “Indenture”). Capitalized terms
used but not defined herein shall have the meanings ascribed to them in the Indenture. 
 We have examined Transaction Documents and hereby certify that, as
of the date hereof: 
 (1) the terms, covenants, agreements and conditions to be complied with and performed by the Corporation pursuant to
the Transaction Documents have been complied with and performed in all material respects; and 
 (2) each of the representations and
warranties of the Corporation contained in the Transaction Documents are true and correct in all material respects as though expressly made on and as of the date hereof. 

[Signature Appears on Following Page] 

  
 B-2-1 

 IN WITNESS WHEREOF, each of the undersigned has hereto set his hand as of the date first written above. 

 

			
	By:	 	  

	Name:
	Title:
		
	By:	 	  

	Name:
	Title:

  
 B-2-2 

 EXHIBIT B-3 

FORM OF ISSUERS’ COUNSEL POST-CLOSING ACQUISITION CERTIFICATE 

NET LEASE MORTGAGE NOTES, SERIES [            ] -
[        ] 
 Form of Officer’s Certificate 

[                ], 20[        ] 

Citibank, N.A., as Indenture Trustee 
 388 Greenwich Street 

New York, NY 10013 
 Attn: Citibank Agency &
Trust—SCF 2017-1 
 U.S. Bank National Association 

[        ] 
 We have
acted as counsel to the Issuers, in connection with the issuance by the Issuers of [        ] pursuant to that certain Amended and Restated Master Indenture, dated as of July 11, 2017, among SCF RC
Funding I LLC, SCF RC Funding II LLC, SCF RC Funding III LLC and Citibank, N.A., and any supplement thereto (the “Indenture”). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Indenture.

 This letter is being provided to you pursuant to clause (c) of the definition of “Post-Closing Acquisition Conditions” defined in the
Indenture. 
 We hereby certify that we have reviewed the Indenture and the definition of “Post-Closing Acquisition Conditions” contained therein,
and further certify as to the following: 
 (i) each of the following documents required to be delivered pursuant to the Post-Closing Acquisition Conditions and pursuant to the Custody Agreement in connection with the acquisition of Post-Closing Properties has been delivered in the form and substance required therein; [ISSUERS’
COUNSEL TO LIST ALL DOCUMENTS DELIVERED AT TIME OF CERTIFICATION] 
 (ii) each of the following documents required to be delivered pursuant
to the Post-Closing Acquisition Conditions and pursuant to the Custody Agreement in connection with the acquisition of Post-Closing Properties is in the possession of the related Title Company and such Title
Company has been instructed to record or file such document, as applicable: [ISSUERS’ COUNSEL TO LIST DOCUMENTS AS APPLICABLE] 

  
 B-3-1 

 (iii) each of the following documents required to be delivered pursuant to such definition and
pursuant to the Custody Agreement in connection with the acquisition of Post-Closing Properties is in our possession, and we are acting as the document agent on behalf of the Custodian and the Noteholders, and
which such documents will be delivered as soon as possible in accordance with the Indenture and the Custody Agreement: [ISSUERS’ COUNSEL TO LIST DOCUMENTS AS APPLICABLE]. 

Very truly yours, 

  
 B-3-2 

 EXHIBIT C 

POST-CLOSING PROPERTIES 
  

					
	 Property ID
	  	 City
	  	 State

	56141	  	Farmington	  	NM
	56142	  	Farmington	  	NM
	56143	  	Pueblo	  	CO
	56167	  	Kenosha	  	WI

  
 C-1 

 SCHEDULE I-A 

PROPERTIES / LOCATIONS 
  

					
	 Prop ID
	  	 City
	  	 State

	56050	  	Burlington	  	IA
	56051	  	Cedar Rapids	  	IA
	56052	  	Muscatine	  	IA
	56053	  	Fort Madison	  	IA
	56054	  	Newton	  	IA
	56055	  	Ottawa	  	IL
	56056	  	Platteville	  	WI
	56057	  	Waterloo	  	IA
	56058	  	Fort Dodge	  	IA
	56059	  	Mason City	  	IA
	56060	  	Cedar Falls	  	IA
	56061	  	Atlantic	  	IA
	56062	  	Nebraska City	  	NE
	56063	  	Plattsmouth	  	NE
	56064	  	Red Oak	  	IA
	56113	  	Lackawanna	  	NY
	56126	  	Cheektowaga	  	NY
	56127	  	Amherst	  	NY
	56128	  	Cheektowaga	  	NY
	56129	  	Tonawanda	  	NY
	56130	  	Niagara Falls	  	NY
	56131	  	Williamsville	  	NY
	56132	  	Dunkirk	  	NY
	56041	  	Tucson	  	AZ
	56042	  	Tucson	  	AZ
	56043	  	Tucson	  	AZ
	56039	  	Lawrence Township	  	NJ
	56040	  	Mount Olive	  	NJ
	56046	  	Florence	  	AL
	56111	  	North Myrtle Beach	  	SC
	56047	  	Gardendale	  	AL
	56048	  	Jasper	  	AL
	56049	  	Homewood	  	AL
	56065	  	Stevenson	  	AL
	56066	  	Tucson	  	AZ
	56067	  	Miami	  	FL
	56068	  	Sarasota	  	FL
	56069	  	Sarasota	  	FL
	56070	  	Dalton	  	GA

  
 I-A-1 

					
	 Prop ID
	  	 City
	  	 State

	56071	  	Alton	  	IL
	56072	  	Quincy	  	IL
	56073	  	Clarksville	  	IN
	56074	  	Terre Haute	  	IN
	56075	  	Brewster	  	MA
	56076	  	Kansas City	  	MO
	56077	  	Laurel	  	MS
	56078	  	Picayune	  	MS
	56079	  	Rochester	  	NH
	56080	  	Canandaigua	  	NY
	56081	  	Anderson	  	SC
	56082	  	Camden	  	SC
	56083	  	Columbia	  	SC
	56084	  	Austin	  	TX
	56085	  	Richmond	  	TX
	56086	  	Terrell Hills	  	TX
	56089	  	Bridgeton	  	MO
	56090	  	Mokena	  	IL
	56091	  	Lexington	  	KY
	56092	  	Islip Terrace	  	NY
	56087	  	West Valley City	  	UT
	56093	  	Westland	  	MI
	56097	  	Holland	  	MI
	56095	  	Muskegon	  	MI
	56094	  	Ann Arbor	  	MI
	56096	  	Battle Creek	  	MI
	56102	  	Plano	  	TX
	56103	  	Frisco	  	TX
	56104	  	Grapevine	  	TX
	56105	  	Prosper	  	TX
	56106	  	McKinney	  	TX
	56107	  	Southlakle	  	TX
	56108	  	Lakeway	  	TX
	56115	  	Shreveport	  	LA
	56114	  	Bossier City	  	LA
	56123	  	Huntingtown	  	MD
	56122	  	New Freedom	  	PA
	56124	  	Gambrills	  	MD
	56101	  	Topeka	  	KS
	56100	  	Alpena	  	AR
	56116	  	Tyler	  	TX
	56117	  	Tyler	  	TX
	56118	  	Atlanta	  	TX

  
 I-A-2 

					
	 Prop ID
	  	 City
	  	 State

	56119	  	New Summerfield	  	TX
	56112	  	Alpharetta	  	GA
	56099	  	Forsyth	  	GA
	56098	  	Cedartown	  	GA
	56121	  	Opelika	  	AL
	56134	  	San Antonio	  	TX
	56110	  	Rock Springs	  	WY
	56148	  	Columbia Station	  	OH
	56149	  	Maumee	  	OH
	56150	  	Troy	  	OH
	56151	  	Jackson	  	OH
	56152	  	Lancaster	  	OH
	56153	  	Portsmouth	  	OH
	56154	  	Bridgeport	  	WV
	56155	  	Radcliff	  	KY
	56156	  	Gainesville	  	FL
	56157	  	Cartersville	  	GA
	56158	  	Douglasville	  	GA
	56159	  	El Paso	  	TX
	56160	  	Garland	  	TX
	56161	  	Conroe	  	TX
	56162	  	Amarillo	  	TX
	56163	  	Grand Junction	  	CO
	56164	  	Mt. Pleasant	  	SC
	56165	  	Irondale	  	AL
	56166	  	Bessemer	  	AL
	56139	  	Las Cruces	  	NM
	56140	  	Las Cruces	  	NM
	56120	  	Burlington	  	NC

  
 I-A-3 

 SCHEDULE I-B 

MORTGAGE LOANS 
 None. 

  
 I-B-1 

 SCHEDULE I-C 

REPRESENTATIONS AND WARRANTIES EXCEPTION SCHEDULE 

Property Number/Location 
  

									
	 Property ID
	  	City	 	  	State	 
	 56111
	  	 	North Myrtle Beach	 	  	 	SC	 
	 56046
	  	 	Florence	 	  	 	AL	 

  
 I-C-1 

 SCHEDULE II-A 

SERIES 2017-1 CLASS A NOTES 

AMORTIZATION SCHEDULE 
  

					
	 Payment Date
	  	Scheduled Class A
Principal Balance	 
	 Series Closing Date
	  	$	232,425,000	 
	 7/25/2017
	  	$	232,145,730	 
	 8/25/2017
	  	$	231,865,296	 
	 9/25/2017
	  	$	231,583,694	 
	 10/25/2017
	  	$	231,300,918	 
	 11/25/2017
	  	$	231,016,964	 
	 12/25/2017
	  	$	230,731,827	 
	 1/25/2018
	  	$	230,445,502	 
	 2/25/2018
	  	$	230,157,984	 
	 3/25/2018
	  	$	229,869,268	 
	 4/25/2018
	  	$	229,579,349	 
	 5/25/2018
	  	$	229,288,222	 
	 6/25/2018
	  	$	228,995,882	 
	 7/25/2018
	  	$	228,702,324	 
	 8/25/2018
	  	$	228,407,543	 
	 9/25/2018
	  	$	228,111,533	 
	 10/25/2018
	  	$	227,814,290	 
	 11/25/2018
	  	$	227,515,809	 
	 12/25/2018
	  	$	227,216,084	 
	 1/25/2019
	  	$	226,915,110	 
	 2/25/2019
	  	$	226,612,882	 
	 3/25/2019
	  	$	226,309,395	 
	 4/25/2019
	  	$	226,004,643	 
	 5/25/2019
	  	$	225,698,621	 
	 6/25/2019
	  	$	225,391,324	 
	 7/25/2019
	  	$	225,082,747	 
	 8/25/2019
	  	$	224,772,884	 
	 9/25/2019
	  	$	224,461,730	 
	 10/25/2019
	  	$	224,149,280	 
	 11/25/2019
	  	$	223,835,528	 
	 12/25/2019
	  	$	223,520,468	 
	 1/25/2020
	  	$	223,204,096	 
	 2/25/2020
	  	$	222,886,405	 
	 3/25/2020
	  	$	222,567,391	 
	 4/25/2020
	  	$	222,247,047	 
	 5/25/2020
	  	$	221,925,369	 
	 6/25/2020
	  	$	221,602,350	 
	 7/25/2020
	  	$	221,277,985	 

  
 II-A-1 

					
	 Payment Date
	  	Scheduled Class A
Principal Balance	 
	 8/25/2020
	  	$	220,952,269	 
	 9/25/2020
	  	$	220,625,196	 
	 10/25/2020
	  	$	220,296,760	 
	 11/25/2020
	  	$	219,966,956	 
	 12/25/2020
	  	$	219,635,777	 
	 1/25/2021
	  	$	219,303,218	 
	 2/25/2021
	  	$	218,969,274	 
	 3/25/2021
	  	$	218,633,938	 
	 4/25/2021
	  	$	218,297,205	 
	 5/25/2021
	  	$	217,959,069	 
	 6/25/2021
	  	$	217,619,524	 
	 7/25/2021
	  	$	217,278,564	 
	 8/25/2021
	  	$	216,936,184	 
	 9/25/2021
	  	$	216,592,377	 
	 10/25/2021
	  	$	216,247,138	 
	 11/25/2021
	  	$	215,900,460	 
	 12/25/2021
	  	$	215,552,338	 
	 1/25/2022
	  	$	215,202,765	 
	 2/25/2022
	  	$	214,851,736	 
	 3/25/2022
	  	$	214,499,244	 
	 4/25/2022
	  	$	214,145,283	 
	 5/25/2022
	  	$	213,789,847	 
	 6/25/2022
	  	$	213,432,930	 
	 7/25/2022
	  	$	213,074,526	 
	 8/25/2022
	  	$	212,714,629	 
	 9/25/2022
	  	$	212,353,232	 
	 10/25/2022
	  	$	211,990,329	 
	 11/25/2022
	  	$	211,625,914	 
	 12/25/2022
	  	$	211,259,981	 
	 1/25/2023
	  	$	210,892,523	 
	 2/25/2023
	  	$	210,523,534	 
	 3/25/2023
	  	$	210,153,008	 
	 4/25/2023
	  	$	209,780,938	 
	 5/25/2023
	  	$	209,407,318	 
	 6/25/2023
	  	$	209,032,141	 
	 7/25/2023
	  	$	208,655,401	 
	 8/25/2023
	  	$	208,277,091	 
	 9/25/2023
	  	$	207,897,205	 
	 10/25/2023
	  	$	207,515,736	 
	 11/25/2023
	  	$	207,132,677	 
	 12/25/2023
	  	$	206,748,022	 
	 1/25/2024
	  	$	206,361,764	 
	 2/25/2024
	  	$	205,973,897	 

  
 II-A-2 

					
	 Payment Date
	  	Scheduled Class A
Principal Balance	 
	 3/25/2024
	  	$	205,584,414	 
	 4/25/2024
	  	$	205,193,308	 
	 5/25/2024
	  	$	204,800,572	 
	 6/25/2024
	  	$	0	 

  
 II-A-3 

 SCHEDULE II-B 

SERIES 2017-1 CLASS B NOTES 

AMORTIZATION SCHEDULE 
  

					
	 Payment Date
	  	Scheduled Class B
Principal Balance	 
	 Series Closing Date
	  	$	15,675,000	 
	 7/25/2017
	  	$	15,675,000	 
	 8/25/2017
	  	$	15,675,000	 
	 9/25/2017
	  	$	15,675,000	 
	 10/25/2017
	  	$	15,675,000	 
	 11/25/2017
	  	$	15,675,000	 
	 12/25/2017
	  	$	15,675,000	 
	 1/25/2018
	  	$	15,675,000	 
	 2/25/2018
	  	$	15,675,000	 
	 3/25/2018
	  	$	15,675,000	 
	 4/25/2018
	  	$	15,675,000	 
	 5/25/2018
	  	$	15,675,000	 
	 6/25/2018
	  	$	15,675,000	 
	 7/25/2018
	  	$	15,675,000	 
	 8/25/2018
	  	$	15,675,000	 
	 9/25/2018
	  	$	15,675,000	 
	 10/25/2018
	  	$	15,675,000	 
	 11/25/2018
	  	$	15,675,000	 
	 12/25/2018
	  	$	15,675,000	 
	 1/25/2019
	  	$	15,675,000	 
	 2/25/2019
	  	$	15,675,000	 
	 3/25/2019
	  	$	15,675,000	 
	 4/25/2019
	  	$	15,675,000	 
	 5/25/2019
	  	$	15,675,000	 
	 6/25/2019
	  	$	15,675,000	 
	 7/25/2019
	  	$	15,675,000	 
	 8/25/2019
	  	$	15,675,000	 
	 9/25/2019
	  	$	15,675,000	 
	 10/25/2019
	  	$	15,675,000	 
	 11/25/2019
	  	$	15,675,000	 
	 12/25/2019
	  	$	15,675,000	 
	 1/25/2020
	  	$	15,675,000	 
	 2/25/2020
	  	$	15,675,000	 
	 3/25/2020
	  	$	15,675,000	 
	 4/25/2020
	  	$	15,675,000	 
	 5/25/2020
	  	$	15,675,000	 
	 6/25/2020
	  	$	15,675,000	 
	 7/25/2020
	  	$	15,675,000	 

  
 II-B-1 

					
	 Payment Date
	  	Scheduled Class B
Principal Balance	 
	 8/25/2020
	  	$	15,675,000	 
	 9/25/2020
	  	$	15,675,000	 
	 10/25/2020
	  	$	15,675,000	 
	 11/25/2020
	  	$	15,675,000	 
	 12/25/2020
	  	$	15,675,000	 
	 1/25/2021
	  	$	15,675,000	 
	 2/25/2021
	  	$	15,675,000	 
	 3/25/2021
	  	$	15,675,000	 
	 4/25/2021
	  	$	15,675,000	 
	 5/25/2021
	  	$	15,675,000	 
	 6/25/2021
	  	$	15,675,000	 
	 7/25/2021
	  	$	15,675,000	 
	 8/25/2021
	  	$	15,675,000	 
	 9/25/2021
	  	$	15,675,000	 
	 10/25/2021
	  	$	15,675,000	 
	 11/25/2021
	  	$	15,675,000	 
	 12/25/2021
	  	$	15,675,000	 
	 1/25/2022
	  	$	15,675,000	 
	 2/25/2022
	  	$	15,675,000	 
	 3/25/2022
	  	$	15,675,000	 
	 4/25/2022
	  	$	15,675,000	 
	 5/25/2022
	  	$	15,675,000	 
	 6/25/2022
	  	$	15,675,000	 
	 7/25/2022
	  	$	15,675,000	 
	 8/25/2022
	  	$	15,675,000	 
	 9/25/2022
	  	$	15,675,000	 
	 10/25/2022
	  	$	15,675,000	 
	 11/25/2022
	  	$	15,675,000	 
	 12/25/2022
	  	$	15,675,000	 
	 1/25/2023
	  	$	15,675,000	 
	 2/25/2023
	  	$	15,675,000	 
	 3/25/2023
	  	$	15,675,000	 
	 4/25/2023
	  	$	15,675,000	 
	 5/25/2023
	  	$	15,675,000	 
	 6/25/2023
	  	$	15,675,000	 
	 7/25/2023
	  	$	15,675,000	 
	 8/25/2023
	  	$	15,675,000	 
	 9/25/2023
	  	$	15,675,000	 
	 10/25/2023
	  	$	15,675,000	 
	 11/25/2023
	  	$	15,675,000	 
	 12/25/2023
	  	$	15,675,000	 
	 1/25/2024
	  	$	15,675,000	 
	 2/25/2024
	  	$	15,675,000	 

  
 II-B-2 

					
	 Payment Date
	  	Scheduled Class B
Principal Balance	 
	 3/25/2024
	  	$	15,675,000	 
	 4/25/2024
	  	$	15,675,000	 
	 5/25/2024
	  	$	15,675,000	 
	 6/25/2024
	  	$	0	 

  
 II-B-3 

 SCHEDULE II-C 

SERIES 2016-1 NOTES 

AMORTIZATION SCHEDULE 
  

									
	 Payment Date
	  	Scheduled Class A
Principal Balance	 	  	Scheduled Class B
Principal Balance	 
	 Series Closing Date
	  	$	261,255,846	 	  	$	17,250,000	 
	 7/25/2017
	  	$	260,929,887	 	  	$	17,250,000	 
	 8/25/2017
	  	$	260,602,570	 	  	$	17,250,000	 
	 9/25/2017
	  	$	260,273,889	 	  	$	17,250,000	 
	 10/25/2017
	  	$	259,943,839	 	  	$	17,250,000	 
	 11/25/2017
	  	$	259,612,413	 	  	$	17,250,000	 
	 12/25/2017
	  	$	259,279,606	 	  	$	17,250,000	 
	 1/25/2018
	  	$	258,945,413	 	  	$	17,250,000	 
	 2/25/2018
	  	$	258,609,827	 	  	$	17,250,000	 
	 3/25/2018
	  	$	258,272,843	 	  	$	17,250,000	 
	 4/25/2018
	  	$	257,934,455	 	  	$	17,250,000	 
	 5/25/2018
	  	$	257,594,657	 	  	$	17,250,000	 
	 6/25/2018
	  	$	257,253,443	 	  	$	17,250,000	 
	 7/25/2018
	  	$	256,910,807	 	  	$	17,250,000	 
	 8/25/2018
	  	$	256,566,744	 	  	$	17,250,000	 
	 9/25/2018
	  	$	256,221,247	 	  	$	17,250,000	 
	 10/25/2018
	  	$	255,874,311	 	  	$	17,250,000	 
	 11/25/2018
	  	$	255,525,929	 	  	$	17,250,000	 
	 12/25/2018
	  	$	255,176,095	 	  	$	17,250,000	 
	 1/25/2019
	  	$	254,824,804	 	  	$	17,250,000	 
	 2/25/2019
	  	$	254,472,049	 	  	$	17,250,000	 
	 3/25/2019
	  	$	254,117,824	 	  	$	17,250,000	 
	 4/25/2019
	  	$	253,762,123	 	  	$	17,250,000	 
	 5/25/2019
	  	$	253,404,940	 	  	$	17,250,000	 
	 6/25/2019
	  	$	253,046,269	 	  	$	17,250,000	 
	 7/25/2019
	  	$	252,686,103	 	  	$	17,250,000	 
	 8/25/2019
	  	$	252,324,437	 	  	$	17,250,000	 
	 9/25/2019
	  	$	251,961,264	 	  	$	17,250,000	 
	 10/25/2019
	  	$	251,596,578	 	  	$	17,250,000	 
	 11/25/2019
	  	$	251,230,372	 	  	$	17,250,000	 
	 12/25/2019
	  	$	250,862,640	 	  	$	17,250,000	 
	 1/25/2020
	  	$	250,493,376	 	  	$	17,250,000	 
	 2/25/2020
	  	$	250,122,573	 	  	$	17,250,000	 
	 3/25/2020
	  	$	249,750,225	 	  	$	17,250,000	 
	 4/25/2020
	  	$	249,376,326	 	  	$	17,250,000	 
	 5/25/2020
	  	$	249,000,869	 	  	$	17,250,000	 
	 6/25/2020
	  	$	248,623,848	 	  	$	17,250,000	 
	 7/25/2020
	  	$	248,245,256	 	  	$	17,250,000	 

  
 II-C-1 

									
	 Payment Date
	  	Scheduled Class A
Principal Balance	 	  	Scheduled Class B
Principal Balance	 
	 8/25/2020
	  	$	247,865,086	 	  	$	17,250,000	 
	 9/25/2020
	  	$	247,483,332	 	  	$	17,250,000	 
	 10/25/2020
	  	$	247,099,988	 	  	$	17,250,000	 
	 11/25/2020
	  	$	246,715,046	 	  	$	17,250,000	 
	 12/25/2020
	  	$	246,328,500	 	  	$	17,250,000	 
	 1/25/2021
	  	$	245,940,344	 	  	$	17,250,000	 
	 2/25/2021
	  	$	245,550,570	 	  	$	17,250,000	 
	 3/25/2021
	  	$	245,159,172	 	  	$	17,250,000	 
	 4/25/2021
	  	$	244,766,144	 	  	$	17,250,000	 
	 5/25/2021
	  	$	244,371,478	 	  	$	17,250,000	 
	 6/25/2021
	  	$	243,975,168	 	  	$	17,250,000	 
	 7/25/2021
	  	$	243,577,206	 	  	$	17,250,000	 
	 8/25/2021
	  	$	243,177,586	 	  	$	17,250,000	 
	 9/25/2021
	  	$	242,776,301	 	  	$	17,250,000	 
	 10/25/2021
	  	$	242,373,344	 	  	$	17,250,000	 
	 11/25/2021
	  	$	0	 	  	$	0	 
	 12/25/2021
	  	$	0	 	  	$	0	 
	 1/25/2022
	  	$	0	 	  	$	0	 
	 2/25/2022
	  	$	0	 	  	$	0	 
	 3/25/2022
	  	$	0	 	  	$	0	 
	 4/25/2022
	  	$	0	 	  	$	0	 
	 5/25/2022
	  	$	0	 	  	$	0	 
	 6/25/2022
	  	$	0	 	  	$	0	 
	 7/25/2022
	  	$	0	 	  	$	0	 
	 8/25/2022
	  	$	0	 	  	$	0	 
	 9/25/2022
	  	$	0	 	  	$	0	 
	 10/25/2022
	  	$	0	 	  	$	0	 
	 11/25/2022
	  	$	0	 	  	$	0	 
	 12/25/2022
	  	$	0	 	  	$	0	 
	 1/25/2023
	  	$	0	 	  	$	0	 
	 2/25/2023
	  	$	0	 	  	$	0	 
	 3/25/2023
	  	$	0	 	  	$	0	 
	 4/25/2023
	  	$	0	 	  	$	0	 
	 5/25/2023
	  	$	0	 	  	$	0	 
	 6/25/2023
	  	$	0	 	  	$	0	 
	 7/25/2023
	  	$	0	 	  	$	0	 
	 8/25/2023
	  	$	0	 	  	$	0	 
	 9/25/2023
	  	$	0	 	  	$	0	 
	 10/25/2023
	  	$	0	 	  	$	0	 
	 11/25/2023
	  	$	0	 	  	$	0	 
	 12/25/2023
	  	$	0	 	  	$	0	 
	 1/25/2024
	  	$	0	 	  	$	0	 
	 2/25/2024
	  	$	0	 	  	$	0	 

  
 II-C-2 

									
	 Payment Date
	  	Scheduled Class A
Principal Balance	 	  	Scheduled Class B
Principal Balance	 
	 3/25/2024
	  	$	0	 	  	$	0	 
	 4/25/2024
	  	$	0	 	  	$	0	 
	 5/25/2024
	  	$	0	 	  	$	0	 
	 6/25/2024
	  	$	0	 	  	$	0	 

  
 II-C-3EX-10.14

 Exhibit 10.14 

EXECUTION VERSION 
  

 
 SCF RC Funding I LLC 

as an Issuer, 
 SCF RC Funding
II LLC 
 as an Issuer, 

SCF RC Funding III LLC 
 as
an Issuer, 
 and 
 EACH
JOINING PARTY 
 each, as an Issuer, 

SCF REALTY CAPITAL LLC 
 as
Property Manager and Special Servicer, 
 MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL 

ASSOCIATION 
 as Back-Up Manager 
 and 

CITIBANK, N.A. 
 not
individually but solely as Indenture Trustee 
  

 
 AMENDED AND
RESTATED PROPERTY MANAGEMENT AND SERVICING 
 AGREEMENT 

Dated as of July 11, 2017 
  

 
 Net-Lease Mortgage Notes 
  
  

 TABLE OF CONTENTS 
  

							
	 	  	 	  	Page	 
		
	 Article I DEFINITIONS
	  	 	1	 
			
	 Section 1.01
	  	Defined Terms	  	 	1	 
	 Section 1.02
	  	Other Definitional Provisions	  	 	27	 
	 Section 1.03
	  	Certain Calculations in Respect of the Leases and the Loans	  	 	28	 
	 Section 1.04
	  	Fee Calculations	  	 	29	 
		
	 Article II REPRESENTATIONS AND WARRANTIES; RECORDINGS AND FILINGS; BOOKS AND
RECORDS; DEFECT, BREACH, CURE, REPURCHASE AND SUBSTITUTION
	  	 	30	 
			
	 Section 2.01
	  	Representations and Warranties of SCF Realty Capital and the Back-Up Manager	  	 	30	 
	 Section 2.02
	  	Representations and Warranties of the Issuer	  	 	32	 
	 Section 2.03
	  	Recordings and Filings; Books and Records	  	 	34	 
	 Section 2.04
	  	Repurchase or Transfer and Exchange for Collateral Defects and Breaches of Representations and Warranties	  	 	35	 
	 Section 2.05
	  	Non Petition Agreement	  	 	37	 
		
	 Article III ADMINISTRATION AND SERVICING OF PROPERTIES, LEASES AND LOANS
	  	 	37	 
			
	 Section 3.01
	  	Administration of the Properties, Leases and Loans	  	 	37	 
	 Section 3.02
	  	Collection of Monthly Lease Payments and Monthly Loan Payments; General Receipts Accounts; Lockbox Transfer Accounts; Collection Account; Release Account; Servicing Account	  	 	39	 
	 Section 3.03
	  	Advances	  	 	43	 
	 Section 3.04
	  	Withdrawals from the Collection Account	  	 	46	 
	 Section 3.05
	  	Investment of Funds in the Collection Account and the Release Account	  	 	46	 
	 Section 3.06
	  	Maintenance of Insurance Policies: Errors and Omissions and Fidelity Coverage	  	 	48	 
	 Section 3.07
	  	DSCR Reserve Account	  	 	51	 
	 Section 3.08
	  	Issuers, Custodian and Indenture Trustee to Cooperate; Release of Lease Files and Loan Files	  	 	51	 
	 Section 3.09
	  	Property Management Compensation: Interest on Advances	  	 	53	 
	 Section 3.10
	  	Property Inspections; Collection of Financial Statements; Delivery of Certain Reports	  	 	54	 
	 Section 3.11
	  	Statements as to Compliance	  	 	55	 
	 Section 3.12
	  	Reports by Independent Public Accountants	  	 	55	 
	 Section 3.13
	  	Access to Certain Information; Delivery of Certain Information	  	 	56	 
	 Section 3.14
	  	Management of REO Properties and Properties Relating to Defaulted Assets	  	 	56	 
	 Section 3.15
	  	Release, Sale and Exchange of Defaulted Assets and Terminated Lease Properties	  	 	57	 

  
 i 

							
	 Section 3.16
	  	Renewals, Modifications, Waivers, Amendments; Consents and Other Matters	  	 	60	 
	 Section 3.17
	  	Transfer of Servicing Between Property Manager and Special Servicer; Record Keeping	  	 	63	 
	 Section 3.18
	  	Sub-Management Agreements	  	 	64	 
	 Section 3.19
	  	Casualty	  	 	66	 
	 Section 3.20
	  	Condemnation	  	 	67	 
	 Section 3.21
	  	Separateness Provisions	  	 	67	 
	 Section 3.22
	  	Estoppels	  	 	67	 
	 Section 3.23
	  	Environmental Matters	  	 	68	 
	 Section 3.24
	  	Realization Upon Specially Managed Units	  	 	69	 
	 Section 3.25
	  	Appraised Values	  	 	72	 
		
	 Article IV REPORTS
	  	 	72	 
			
	 Section 4.01
	  	Reports to the Issuers and the Indenture Trustee	  	 	72	 
	 Section 4.02
	  	Use of Agents	  	 	75	 
		
	 Article V THE PROPERTY MANAGER AND THE SPECIAL SERVICER
	  	 	75	 
			
	 Section 5.01
	  	Liability of the Property Manager, the Special Servicer and the Back-Up Manager	  	 	75	 
	 Section 5.02
	  	Merger, Consolidation or Conversion of the Property Manager, the Special Servicer and the Back-Up Manager	  	 	75	 
	 Section 5.03
	  	Limitation on Liability of the Property Manager, the Special Servicer and the Back-Up Manager	  	 	76	 
	 Section 5.04
	  	Term of Service; Property Manager and Special Servicer Not to Resign	  	 	77	 
	 Section 5.05
	  	Rights of Certain Persons in Respect of the Property Manager and the Special Servicer	  	 	78	 
	 Section 5.06
	  	Designation of Special Servicer by the Indenture Trustee	  	 	78	 
	 Section 5.07
	  	Property Manager or Special Servicer as Owner of Notes	  	 	79	 
		
	 Article VI SERVICER REPLACEMENT EVENTS
	  	 	79	 
			
	 Section 6.01
	  	Servicer Replacement Events	  	 	79	 
	 Section 6.02
	  	Appointment of Successor Servicer	  	 	82	 
	 Section 6.03
	  	Back-Up Manager	  	 	84	 
	 Section 6.04
	  	Additional Remedies of Issuers and the Indenture Trustee upon a Servicer Replacement Event	  	 	86	 
		
	 Article VII TRANSFERS AND EXCHANGES OF PROPERTIES AND LOANS BY ISSUERS; RELEASE
OF PROPERTIES AND LOANS BY ISSUERS
	  	 	86	 
			
	 Section 7.01
	  	Exchange of Loans and Properties	  	 	86	 
	 Section 7.02
	  	Sale Pursuant to Third Party Purchase Option	  	 	88	 
	 Section 7.03
	  	Transfer of Lease to New Property	  	 	89	 
	 Section 7.04
	  	Release of Property by an Issuer	  	 	89	 
	 Section 7.05
	  	Terminated Lease Property and REO Property	  	 	90	 

  
 ii 

							
	 Section 7.06
	  	Risk-Based or Credit Risk Substitution	  	 	90	 
	 Section 7.07
	  	Disposition Period	  	 	90	 
	 Section 7.08
	  	Minimum Required Interest and U.S. Credit Risk Retention Rules	  	 	91	 
	 Section 7.09
	  	Like-Kind Exchange	  	 	91	 
	 Section 7.10
	  	Exchange Reserve Account	  	 	92	 
	 Section 7.11
	  	Series Collateral Release	  	 	94	 
	 Section 7.12
	  	Qualified Deleveraging Event	  	 	95	 
		
	 Article VIII TERMINATION
	  	 	95	 
			
	 Section 8.01
	  	Termination	  	 	95	 
		
	 Article IX MISCELLANEOUS PROVISIONS
	  	 	96	 
			
	 Section 9.01
	  	Amendment	  	 	96	 
	 Section 9.02
	  	Counterparts	  	 	96	 
	 Section 9.03
	  	Governing Law	  	 	96	 
	 Section 9.04
	  	Notices	  	 	96	 
	 Section 9.05
	  	Severability of Provisions	  	 	97	 
	 Section 9.06
	  	Effect of Headings and Table of Contents	  	 	97	 
	 Section 9.07
	  	Notices to the Rating Agencies and Others	  	 	97	 
	 Section 9.08
	  	Successors and Assigns: Beneficiaries	  	 	98	 
	 Section 9.09
	  	Complete Agreement	  	 	98	 
	 Section 9.10
	  	Consent to Jurisdiction	  	 	99	 
	 Section 9.11
	  	Cooperation	  	 	100	 
	 Section 9.12
	  	Acknowledgment of Receipts by Indenture Trustee	  	 	100	 

  
 iii 

 EXHIBITS 
  

			
	EXHIBIT A	  	[RESERVED]
		
	 EXHIBIT B-l
	  	FORM OF REQUEST FOR RELEASE — PROPERTY MANAGER
		
	 EXHIBIT B-2
	  	FORM OF REQUEST FOR RELEASE — SPECIAL SERVICER
		
	 EXHIBIT C-1
	  	FORM OF NOTICE AND ACKNOWLEDGMENT OF DESIGNATION OF REPLACEMENT SPECIAL SERVICER
		
	 EXHIBIT C-2
	  	FORM OF ACKNOWLEDGMENT BY PROPOSED SPECIAL SERVICER ACCEPTING APPOINTMENT
		
	 EXHIBIT D
	  	FORM OF LIMITED POWERS OF ATTORNEY FROM ISSUER OR INDENTURE TRUSTEE
		
	 EXHIBIT E
	  	[RESERVED]
		
	 EXHIBIT F
	  	FORM OF JOINDER
		
	 EXHIBIT G
	  	FORM OF CERTIFICATE UNDER SECTION 7.01(b)
		
	 EXHIBIT H
	  	FORM OF DETERMINATION DATE REPORT
		
	 EXHIBIT I
	  	CALCULATION OF FIXED CHARGE COVERAGE RATIOS

  
 iv 

 This AMENDED AND RESTATED PROPERTY MANAGEMENT AND SERVICING AGREEMENT, dated as of July 11,
2017 (this “Agreement”), is made among SCF RC Funding I LLC, SCF RC Funding II LLC, SCF RC Funding III LLC and each Joining Party, each as an issuer (each, an “Issuer” and collectively, the
“Issuers”), SCF Realty Capital LLC (“SCF Realty Capital”), as property manager and special servicer (together with its successors in such capacities, the “Property Manager” and
“Special Servicer,” respectively), Citibank, N.A., not individually but solely as indenture trustee (together with its successors in such capacity, the “Indenture Trustee”) and Midland Loan Services, a
division of PNC Bank, National Association, as back-up manager (together with its successors in such capacity, the “Back-Up Manager”). 

PRELIMINARY STATEMENT 
 As of the
date hereof, the Issuers own the Owned Properties and related Leases and, as of each successive Series Closing Date, the applicable Issuer will own the Owned Properties and related Leases and the Loans as set forth in the applicable Series
Supplement, and upon the issuance of the Notes under the Indenture, each Issuer will grant or has granted a first priority security interest in its right, title and interest in and to such Properties, Leases and Loans to the Indenture Trustee as
security for the indebtedness evidenced by the Indenture and the Notes issued under the Indenture. The Property Manager has agreed to provide property management services with respect to the Properties and to service the Leases and the Loans in
accordance with this Agreement. Subsequent to the date hereof and only in connection with the issuance of a Related Series Notes or a permitted substitution conducted thereafter, the Collateral Pool may include Loans. 

ARTICLE I 
 DEFINITIONS 

Section 1.01 Defined Terms. 

Whenever used in this Agreement, including in the Preliminary Statement, the capitalized terms, unless the context otherwise requires, shall
have the meanings specified in this Section 1.01. Capitalized terms used in this Agreement, including the Preliminary Statement, and not defined herein, unless the context otherwise requires, shall have the respective meanings specified in
Section 1.01 of the Indenture (as defined below). 
 “Additional Servicing Compensation”: Property Manager
Additional Servicing Compensation and Special Servicer Additional Servicing Compensation. 
 “Additional Subsidies”:
As defined in the Master Exchange Agreement. 
 “Adjusted Delayed Proceeds”: As defined in Section 7.10(e).

 “Advance”: Any P&I Advance or Property Protection Advance. 

 “Advance Interest”: Interest accrued on any Advance at the Reimbursement
Rate and payable to the Property Manager, the Back-Up Manager or the Indenture Trustee, as the case may be, each in accordance with Section 3.09(e). 

“Aggregate Appraised Value”: On any date of determination, the sum of the Appraised Values of all Properties in the
Collateral Pool. 
 “Aggregate Collateral Value”: On any date of determination, the sum of the Collateral Values of
the Loans and Properties in the Collateral Pool. 
 “Agreement”: This Amended and Restated Property Management and
Servicing Agreement and all amendments hereof and supplements hereto. 
 “AIFMR”: Article 17 of the European
Union Alternative Investment Fund Managers Directive (Directive 2011/61 (EU), as supplemented by Section 5 of Chapter III of Commission Delegated Regulation (EU) No 231/2013). 

“Allocated Loan Amount”: With respect to any Owned Property or Loan at any time, the product of (i) the Aggregate
Series Principal Balance at such time and (ii) a fraction, (a) the numerator of which is the Collateral Value of such Owned Property or Loan at such time and (b) the denominator of which is the sum of (A) the Aggregate Collateral
Value at such time and (B) the product of (1) the Aggregate Collateral Value of Post-Closing Properties at such time and (2) a fraction, the numerator of which is the outstanding balance of the Post-Closing Acquisition Reserve Account
at such time and the denominator of which is the initial balance of the Post-Closing Acquisition Reserve Account at such time. 

“Allocated Release Amount”: With respect to a Released Loan or Released Property (other than any Delinquent Asset or
Defaulted Asset purchased by the Special Servicer or the Property Manager or any assignee thereof or sold to SCF Realty Capital or to an SCF SPE), an amount equal to the lesser of (A) the Fair Market Value and (B) one hundred fifteen
percent (115%) of the Allocated Loan Amount of such Released Loan or Released Property. 
 “ALTA”: American Land
Title Association, or any successor thereto. 
 “Amendment”: As defined in Section 3.16(c)(i). 

“Appraised Value”: With respect to any Property means an appraised value obtained in accordance with the Indenture and
determined pursuant to an independent appraisal completed by an MAI certified appraiser in accordance with the Uniform Standards of Professional Appraisal Practice and which takes into account the leased fee value of the related buildings and land
of such Property, consistent with industry standards, and excludes the value of trade equipment and other tangible personal property and business enterprise value, and (1) with respect to any Underlying Mortgaged Property in the Collateral Pool
(other than Underlying Mortgaged Properties relating to Qualified Substitute Loans added since the most recent Issuance Date) is the most recent appraisal report completed by an MAI certified appraiser with respect to such Underlying Mortgaged
Property, (2) with respect to any Owned Property in the Collateral Pool, is the most recent appraisal report completed by an MAI certified appraiser obtained in connection with the related Series Closing Date in accordance with the requirements
of FIRREA 

  
 2 

 
with respect to such Owned Property as of the related Issuance Date and (3) with respect to any Qualified Substitute Property or Underlying Mortgaged Property relating to a Qualified
Substitute Loan added to the Collateral Pool since the most recent Issuance Date, is the most recent appraisal report completed by an MAI certified appraiser and obtained for such Underlying Mortgaged Property or Qualified Substitute Property in
conjunction with such addition (which appraisal will not be obtained in accordance with the requirements of FIRREA). 

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

“Assignment of Leases”: With respect to any Loan, any assignment of leases, rents and profits or similar document or
instrument executed by the Borrower in connection with the origination or subsequent modification or amendment of the related Loan. 

“Available Amount”: The Available Amount on any Payment Date will consist of (i) all amounts received in respect
of the Collateral Pool during the related Collection Period, (ii) all amounts on deposit in the Collection Account on the related Determination Date, including amounts earned, if any, on the investment of funds on deposit in the Collection
Account, the Exchange Reserve Account and the Release Account during the related Collection Period, (iii) Unscheduled Proceeds, (iv) amounts received on account of payments under any Lease Guaranties and (v) amounts received on
account of payments under the Performance Support Agreement; provided, however, that the following amounts will be excluded from Available Amount: (a) amounts on deposit in the Release Account and not transferred to the Collection
Account for such Payment Date, (b) the amount of any Workout Fees, Liquidation Fees or Additional Servicing Compensation, (c) amounts withdrawn from the Collection Account to reimburse the Property Manager, the Indenture Trustee or the Back-Up Manager, as applicable, for any unreimbursed Advances, including any Nonrecoverable Advances (plus interest thereon) and to pay the Property Management Fee, the Back- Up Fee, any Special Servicing Fee and
any Emergency Property Expenses, (d) amounts required to be paid by the related Issuer or any Co-Issuer as lessor under the Leases in respect of franchise or similar taxes, (e) any amount received
from a Tenant or Borrower as reimbursement for any cost paid by or on behalf of the related Issuer or any applicable Co- Issuer as lessor or lender under any Lease or Loan, (f) amounts on deposit in the
Exchange Account and not transferred to the Release Account for such Payment Date, (g) any amounts collected by or on behalf of the Issuers or any applicable Co-Issuer as lessor or lender and held in
escrow or impound to pay future obligations due under a Lease or Loan, as applicable, (h) amounts received in connection with a Voluntary Prepayment and (i) amounts received in connection with a Series Collateral Release that are not
required to be deposited into the Release Account. 
 “Back-Up Fee”: With
respect to each Loan and Owned Property, the monthly fee payable to the Back-Up Manager pursuant to Section 3.09(f) in an amount equal to the product of (i) the
Back-Up Fee Rate and (ii) the aggregate Allocated Loan Amount of all Owned Properties and Loans in the Collateral Pool as of the related Determination Date. 

“Back-Up Fee Rate”: With respect to each Property, a monthly rate equal to the
product of (i) one-twelfth and (ii) 0.0100%. 

“Back-Up Manager”: As defined in the preamble. 

  
 3 

 “Back-Up Servicing Transfer
Date”: As defined in Section 6.03(c). 
 “Bankruptcy Code”: The federal Bankruptcy Code of 1978,
Title 11 of the United States Code, as amended from time to time. 
 “Borrower”: The obligor or obligors on a
Mortgage Note, including any Person that has acquired the related Collateral and assumed the obligations of the original obligor under the Mortgage Note. 

“Collateral Defect”: As defined in Section 2.04(a). 

“Collateral Value”: As of any date of determination (i) with respect to each Owned Property, such Property’s
Appraised Value and (ii) with respect to each Loan, the lesser of (1) the Appraised Value of the related Underlying Mortgaged Property or Underlying Mortgaged Properties and (2) the outstanding principal balance of such Loan. 

“Collection Account”: As defined in Section 3.02(d) hereof. 

“Collection Account Bank”: As defined in Section 3.02(d) hereof. 

“Collection Period”: With respect to any Payment Date, the period commencing on the day immediately following the
Determination Date in the month immediately preceding the month in which such Payment Date occurs (or, in the case of the initial Payment Date, commencing on the Initial Closing Date) and ending on (and including) the Determination Date related to
such Payment Date. 
 “Condemnation”: As defined in Section 3.20(a) hereof. 

“Condemnation Proceeds”: As defined in Section 3.20(a) hereof. 

“Consolidated” (or “consolidated”) or “Consolidating” (or
“consolidating”): When used with reference to any financial term in this Agreement, the aggregate for two or more Persons of the amounts signified by such term for all such Persons determined on a consolidated basis in
accordance with GAAP. 
 “Corrected Unit”: Any Property or Loan that had been a Specially Managed Unit but with
respect to which (a) as of the date of determination, no circumstance identified in clauses (i) through (v) of the definition of the term “Specially Managed Unit” then exists and (b) one or more of the following as are
applicable occur: 
 (i) if a circumstance described in clause (i) of the definition of the term “Specially Managed
Unit” previously existed with respect to such Property or Loan, such condition shall have ceased to exist and (A) the related Tenant or Borrower has made two consecutive full and timely Monthly Lease Payments or Monthly Loan Payments under
the terms of the related Lease or Loan (as such terms may be changed or modified in connection with a bankruptcy or similar proceeding involving the related Tenant or Borrower or by reason of a modification, waiver or amendment granted or agreed to
by the Special Servicer) or (B) with respect to a Lease, such Lease has been terminated and the related Owned Property has been re-leased; 

  
 4 

 (ii) if a default described in clause (ii) of the definition of the term
“Specially Managed Unit” previously existed with respect to such Property or Loan, such default is cured in the good faith and reasonable judgment of the Special Servicer; 

(iii) if a circumstance described in clause (iii) of the definition of the term “Specially Managed Unit”
previously existed with respect to such Property or Loan, such circumstances cease to exist in the good faith and reasonable judgment of the Special Servicer; 

(iv) if a circumstance described in clause (iv) of the definition of the term “Specially Managed Unit”
previously existed with respect to such Property or Loan, such default is cured; and 
 (v) if a circumstance described in
clause (v) of the definition of the term “Specially Managed Unit” previously existed with respect to such Property or Loan, such circumstances no longer exist. 

“Credit Risk”: As defined in Section 7.06. 

“CRR”: Articles 404 to 410 of the European Union Capital Requirements Regulation (Regulation (EU) No 575/2013).

 “Cure Party”: (i) For so long as SCF Realty Capital is the Property Manager, the Property Manager or
(ii) if SCF Realty Capital is not the Property Manager, the applicable Issuer. 
 “Custody Agreement”: The
Custody Agreement, dated as of the Initial Closing Date, among the Issuers, the Indenture Trustee, the Custodian and each joining party thereto, as amended, restated, supplemented or otherwise modified from time to time. 

“Default Interest”: With respect to any (i) Lease, any amounts collected thereon (other than late payment charges
or amounts representing the Third Party Option Price paid by the related Tenant or any third party) that represent penalty interest accrued at the rate specified in such Lease and (ii) Loan, any amounts collected thereon (other than late
payments, late payment charges or Yield Maintenance Premiums) that represent penalty interest in excess of interest on the principal balance of such Loan accrued at the related Interest Rate. 

“Defaulted Asset”: Any Lease or Loan in the Collateral Pool that has experienced a default (other than a delinquency
in respect of such Lease or Loan that constitutes a Delinquent Asset) that materially and adversely affects the interests of the Issuers and that continues unremedied for the applicable grade period under the terms of such Lease or Loan (or if no
grace period is specified, for 30 days). 
 “Defaulting Party”: As defined in Section 6.02(a). 

  
 5 

 “Delayed Proceeds”: As defined in Section 7.10(d). 

“Delinquent Asset”: Any Lease or Loan in the Collateral Pool (other than a Defaulted Asset) with respect to which any
Monthly Lease Payment or Monthly Loan Payment, as applicable, becomes delinquent more than 60 consecutive days (without taking into account the required giving of notices under such Lease or Loan) and which Lease or Loan has not been rejected in any
bankruptcy, insolvency or similar proceeding. 
 “Determination Date Report”: As defined in Section 4.01(a).

 “Direct Purchase Assets”: Any Lease, Loan or Owned Property acquired by an Issuer from a third-party unaffiliated
with SCF Realty Capital. 
 “Disbursement Occurrence”: As defined in the Master Exchange Agreement. 

“Due Date”: With respect to any Loan or Lease, the day of each calendar month on which the Monthly Loan Payment or
Monthly Lease Payment, as applicable, with respect thereto is due. 
 “Emergency Property Expenses”: As defined in
Section 3.03(e). 
 “Environmental Insurer”: Any Qualified Insurer that issues Environmental Policies relating
to any of the Loans or Properties. 
 “Environmental Policy”: Any insurance policy issued by an Environmental
Insurer, together with any endorsements thereto, providing insurance coverage for losses, with respect to certain Loans or Properties, caused by the presence of Hazardous Substances on, or the migration of Hazardous Substances from, the related
Properties. 
 “Escrow Agent”: Investment Property Exchange Services, Inc., in its capacity as Escrow Agent under
the Escrow Agreement, and its permitted successors and assigns. 
 “Escrow Agreement”: The Escrow Agreement, dated
as of July 11, 2017, among the Escrow Agent, the Qualified Intermediary, SCF Realty Capital, the Issuers and any joining party thereto, as amended, restated, supplemented or otherwise modified from time to time. 

“Escrow Payment”: Any payment received by the Property Manager or the Special Servicer for the account of any Tenant
or Borrower or otherwise deposited in the Servicing Account for application toward the payment of real estate taxes, assessments, insurance premiums, ground rents (if applicable) and similar items in respect of the related Property. 

“ERA Transfer Date”: As defined in Section 7.10(d). 

“Excess Exchange Amounts”: As of any date, an amount equal to the greater of: (i) (x) all Relinquished
Property Proceeds on deposit in the Exchange Account as of such date minus (y) the Exchange Threshold; and (ii) zero. 

  
 6 

 “Exchange”: As defined in the Master Exchange Agreement. 

“Exchange Account”: As defined in the Master Exchange Agreement. 

“Exchange Cash Collateral”: As defined in Section 7.10(b). 

“Exchange Commencement Date”: As defined in the Master Exchange Agreement. 

“Exchange Reserve Account”: As defined in Section 7.10(a). 

“Exchange Threshold”: As of any Determination Date, an amount equal to the lesser of (i) $10,000,000 and
(ii) 2.0% of the Aggregate Collateral Value as of such Determination Date. 
 “Exchanged Assets”: Collectively,
all Exchanged Loans and Exchanged Properties. 
 “Exchanged Loan”: A Loan that is exchanged for a Qualified
Substitute Property or Qualified Substitute Loan, in each case, in a transaction with SCF Realty Capital or one of its Affiliates, an SCF SPE or a third party and subject to the conditions and limitations described in this Agreement. 

“Exchanged Property”: A Property and the related Lease that is exchanged for a Qualified Substitute Property in a
transaction with SCF Realty Capital or one of its Affiliates, an SCF SPE or a third party and subject to the conditions and limitations described in this Agreement. 

“Excess Proceeds”: As defined in Section 3.02(f). 

“Fair Market Value”: At any time, a price determined by the Property Manager (or by the Special Servicer with respect
to a Specially Managed Unit) in accordance with the Servicing Standard to be the most probable price that the related Lease, Loan or Property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and
seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus, plus any unreimbursed Advances, Emergency Property Expenses, Liquidation Fees, Workout Fees, Special Servicing Fees and Extraordinary Expenses
(plus interest thereon as applicable), in each case related to such Lease, Loan or Property. In making any such determination, the Property Manager or Special Servicer may obtain an MAI certified appraisal of the related Property and shall assume
the consummation of a sale as of a specified date (and, with respect to Owned Properties, the passing of title from seller to buyer) under conditions whereby: (i) buyer and seller are typically motivated; (ii) both parties are well
informed or well advised, and acting in what they consider their best interests; (iii) a reasonable time is allowed for exposure in the open market; (iv) payment is made in terms of cash in United States dollars or in terms of financial
arrangements comparable thereto; and (v) the price represents the normal consideration for such Lease, Loan or Property unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. 

  
 7 

 “Financing Statement”: One or more financing statements filed or recorded
or in a form suitable for filing and recording under the UCC. 
 “FIRREA”: The Financial Institutions Reform,
Recovery and Enforcement Act of 1989. 
 “Fixed Charge Coverage Ratio” or “FCCR”: The fixed
charge coverage ratio for a Tenant determined in accordance with the provisions of Exhibit I attached hereto. 

“GAAP”: Generally accepted accounting principles as in effect in the United States, consistently applied, as of the
date of such application. 
 “General Receipts Account”: As defined in Section 3.02(b). 

“General Receipts Account Bank”: As defined in Section 3.02(b). 

“Ground Lease”: With respect to any Property, the lease agreement, if any, between the Ground Lessor thereof and the
applicable Issuer with respect to the land comprising such Property. 
 “Ground Lessor”: The fee owner (or
intermediate lessor) of the land with respect to any Property which is subject to a Ground Lease. 
 “Hazardous
Substances”: As defined in Section 3.23(a). 
 “Improvements”: As defined in the granting clause
of the related Mortgage with respect to each Mortgaged Property. 
 “Indenture”: The Amended and Restated Master
Indenture, dated as of July 11, 2017, among the Issuers and the Indenture Trustee, and any supplement thereto relating to the issuance of any series of Notes, including all amendments and supplements thereto. 

“Indenture Trustee”: As defined in the preamble. 

“Independent”: When used with respect to any specified Person, any such Person who (i) is not an Issuer, an
Issuer Member, the Indenture Trustee, the Property Manager, the Special Servicer or an Affiliate thereof, (ii) does not have any direct financial interest in or any material indirect financial interest in any of the Issuers, the Issuer Members,
the Indenture Trustee, the Property Manager, the Special Servicer or any of their respective Affiliates, and (iii) is not connected with the Issuers, the Issuer Members, the Indenture Trustee, the Property Manager, the Special Servicer or any
of their respective Affiliates as an officer, employee, promoter, underwriter, trustee, partner, director or Person performing similar functions; provided, however, that a Person shall not fail to be Independent of the Issuers, the
Issuer Members, the Indenture Trustee, the Property Manager, the Special Servicer or an Affiliate thereof merely because such Person is the beneficial owner of 1% or less of any class of securities issued by any Issuer, any Issuer Member, the
Indenture Trustee, the Property Manager, the Special Servicer or an Affiliate thereof, as the case may be. 

  
 8 

 “Insurance Proceeds”: As defined in Section 3.19. 

“Insured Casualty”: As defined in Section 3.19. 

“Interest Accrual Period”: With respect to each Due Date related to any Loan, the period specified in the related Loan
Documents. 
 “Interest Rate”: With respect to any Loan, the annualized rate at which interest is scheduled (in the
absence of a default) to accrue on such Loan from time to time during any Interest Accrual Period in accordance with the related Mortgage Note and applicable law, as such rate may be modified in accordance with this Agreement or in connection with a
bankruptcy, insolvency or similar proceeding involving the related Borrower. 
 “Issuance Date”: With respect to any
Series of Notes, the applicable Series Closing Date. 
 “Joinder Agreement”: With respect to any Series of Notes,
the Joinder Agreement, dated as of the applicable Series Closing Date, among the applicable Joining Party, the Property Manager, the Special Servicer, the Indenture Trustee and the Back-Up Manager,
substantially in the form of Exhibit F attached hereto. 
 “Joining Party”: Any SCF SPE,
as indicated in the applicable Joinder Agreement. 
 “Land and Building Lease”: A lease pursuant to which land,
buildings and other Improvements are leased by a Tenant from the related land and building lessor. 
 “Lease”: Each
lease listed on the Owned Property Schedule from time to time. As used herein and in the other Transaction Documents, the term “Lease” includes the related lease agreement and all amendments, modifications and waiver agreements related
thereto. 
 “Lease Documents”: Any related lease agreement, non-disturbance
agreement, guaranty or other agreement or instrument, to the extent made for the benefit of the related Originator. 
 “Lease
Expiration Date”: With respect to any Lease, the date specified in such Lease (as in effect on the Initial Closing Date or, if later, the date such Lease was first included in the Collateral Pool) on which the term of the Lease expires
or such earlier date on which the Tenant has an option to terminate the Lease (as in effect on the Initial Closing Date or, if later, the date such Lease was first included in the Collateral Pool), without regard to any unexercised options to renew
or extend such Lease or change in or modification of such terms in connection with a bankruptcy or similar proceeding involving the related Tenant or a modification, waiver, extension or amendment of such Lease granted or agreed to by the Special
Servicer pursuant to Section 3.16. 
 “Lease File”: With respect to each Property and the related Lease, the
following documentation: 

  
 9 

 (i) the executed original or a copy of the Lease; 

(ii) the executed original or a copy of any Lease Guaranty of the Lease and any amendment, modification, waiver agreement or
instrument related thereto; 
 (iii) copies of any Financing Statements filed under the UCC relating to the Lease and any
amendments and continuation statements, if any; 
 (iv) the executed original recorded Mortgage and any assignment thereof in
favor of the Indenture Trustee with respect to the related Owned Property or a complete copy thereof delivered by the related Originator or the related Issuer or any applicable title company that closed or is closing such Mortgage as a true and
complete copy of the original thereof submitted for recording (which delivery shall be deemed to be a certification by such Originator and such Issuer that such copy is a true and complete copy of the original submitted for recording); 

(v) an original or copy of the lender’s title insurance policy relating to the Mortgage for such Owned Property, together
with all riders thereto showing the Indenture Trustee and its successors and assigns as the named insured; or, with respect to each Owned Property as to which a title insurance policy has not yet been issued, a policy meeting the foregoing
description as evidenced by either a commitment for title insurance “marked up” by the title company or a proforma title policy which the title company has agreed to issue pursuant to an email from the title company or pursuant to a
closing instruction letter or email setting forth such requirements of the lender’s title insurance policy; provided, that such email or closing instruction letter shall not be part of the Lease File or be included in the Custodian
Inventory List; 
 (vi) a Tenant estoppel certificate, if any, to the extent in the possession of the related Issuer or the
related Originator, in which the Tenant acknowledges that the Lease is in full force and effect, that the lessor is not in default under the terms of the Lease, and that no circumstances currently exist that would give the Tenant the right to abate
or offset its rent; 
 (vii) a copy of the appraisal (whether in hard copy, electronic copy or CD ROM format) containing the
appraisal information for such Owned Property; 
 (viii) Environmental Reports, if applicable; 

(ix) a copy of the environmental insurance policy, if applicable, together with the original assignment thereof to the
Indenture Trustee; 
 (x) evidence of insurance showing the related Issuer or its affiliate as the insured or an additional
insured party under certain casualty insurance policies, if any; 
 (xi) with respect to any Lease to a franchisee, a copy of
the related franchise agreement, to the extent in the possession of the related Issuer or the related Originator; 
 (xii)
any purchase option agreements, to the extent not included in the Lease; 

  
 10 

 (xiii) a survey of the Owned Property; 

(xiv) a property condition report, if applicable; 

(xv) any property zoning reports; 

(xvi) the related ground lease, if any, and any amendment, modification, waiver agreement or instrument relating thereto,
together with the applicable ground lessor estoppel; 
 (xvii) with respect to any ground lease, an assignment of ground
lease, if any, and a non-disturbance agreement from the ground lessor and the fee mortgagee, if any; 

(xviii) all original letters of credit, if any; and 

(xix) a checklist of the foregoing documents; 

provided, that (x) no assignment of any of the foregoing documents in favor of the Indenture Trustee shall be considered to be effective until the
applicable Series Closing Date, notwithstanding any earlier date on any such assignment, (y) whenever the term “Lease File” is used to refer to documents actually received by the Custodian pursuant to this Agreement or the Custody
Agreement, such term shall not be deemed to include such documents required to be included therein unless they are actually so received and (z) whenever the term “Lease File” is used in connection with any receipt or certification by
the Custodian for documents described in clauses (ii), (vi), (ix), (xi), (xv), (xvi), (xvii), (xviii) and (xix) of this definition, such term shall be deemed to include such documents and any amendment, modification, waiver, agreement or
instrument related thereto, only to the extent that a Responsible Officer of the Custodian has actual knowledge of their existence. 

“Lease Guarantor”: Any guarantor under any Lease Guaranty. 

“Lease Guaranty”: With respect to any Lease, the guaranty related to such Lease executed by an Affiliate or parent of
the Tenant in favor of the lessor. 
 “Lease Security Deposits”: The meaning specified in Section 3.02(g). 

“Lease Transfer Property”: As defined in Section 7.03. 

“Leasehold Property”: A Property for which an Issuer (or the applicable Borrower, in the case of an Underlying
Mortgaged Property) does not own fee title to the related property, but instead has entered into a ground lease with the owner of the property and therefore possesses a leasehold estate in such property, along with title to the buildings and other
improvements located on such property. 
 “Liquidated Lease”: A Defaulted Asset that is a Lease with respect to
which the related Property has been either re-leased or sold, or any Lease related to a Property purchased from the applicable Issuer or disposed of by such Issuer pursuant to an exchange, whether or not
terminated because of a default by the Tenant. 

  
 11 

 “Liquidation Fee”: A liquidation fee payable to the Special Servicer with
respect to (i) each Loan, Lease or Property repurchased by the Issuers or the Support Provider due to a Collateral Defect if purchased after the applicable cure period, and shall equal the product of (a) the repurchase price with respect
to any such repurchase and (b) the Liquidation Fee Rate, (ii) any Specially Managed Unit as to which the Special Servicer obtains a full, partial or discounted payoff for some or all of the Allocated Loan Amount of the Owned Property from
the related Tenant or Loan from the related Borrower, and shall equal the product of (a) the amount of such payoff and (b) the Liquidation Fee Rate, or (iii) any Specially Managed Unit or REO Property as to which the Special Servicer
recovered any Liquidation Proceeds, and shall equal the product of (i) the amount of such Liquidation Proceeds and (ii) the Liquidation Fee Rate; provided, that no Liquidation Fee will be payable from any Liquidation Proceeds
collected in connection with the purchase of any Specially Managed Unit related to a Specially Managed Unit by the Property Manager or the Special Servicer. 

“Liquidation Fee Rate”: A percentage equal to 0.50%. 

“Liquidation Proceeds”: (i) All cash proceeds and all other amounts (other than Insurance Proceeds and REO
Revenues) received by the applicable Issuer, the Property Manager, or the Special Servicer and retained in connection with the liquidation of any Loan, Lease or Property which is (or relates to) a Defaulted Asset; (ii) all cash proceeds and all
other amounts (other than Insurance Proceeds and REO Revenues) from the release or substitution of any Loan or Property other than to the extent deposited into the Release Account; (iii) all proceeds from the investment of funds on deposit in
the Release Account; and (iv) all cash proceeds from the release or substitution of any Loan or Property transferred from the Release Account to the Collection Account pursuant to Section 7.01(e). 

“Loan”: Each fixed- and adjustable-rate, monthly pay, first lien, commercial loan, as listed on the Loan Schedule and
from time to time included in the Collateral Pool. 
 “Loan Documents”: With respect to each of the Loans, the
related loan agreement, if any, and Mortgage Note, and any related Mortgage, Ground Lease or Land and Building Lease, as applicable, Loan Guaranty or other agreement or instrument, to the extent made for the benefit of the related lender or holder
of the Mortgage Note. 
 “Loan File”: With respect to each Loan the following documentation: 

(i) the original Mortgage Note endorsed, without recourse, to the order of the Indenture Trustee or in blank and bearing all
intervening endorsements; 
 (ii) the original of the Mortgage and, if applicable, the originals of any intervening recorded
assignments thereof showing a complete chain of assignment from the Originator of the Loan to the most recent assignee of record thereof, if any, in each case with evidence of recording indicated thereof or, if any such original Mortgage or
assignment has not been returned from the applicable public recording office, a copy thereof as a true and complete copy of the original thereof submitted for recording (which delivery shall be deemed to be a certification by such Originator and
such Issuer that such copy is a true and complete copy of the original submitted for recording); 

  
 12 

 (iii) originals or copies of any other documents related to the Loan (other than
the Mortgage Note and Mortgage described in clauses (i) and (ii) above) and copies of any related Financing Statements filed under the Uniform Commercial Code as in effect in any jurisdiction, if any, together with originals or copies of
any intervening assignments of such Loan Documents and Financing Statements, with evidence of filing indicated on each such Financing Statement and assignment thereof; 

(iv) original letters of credit, if any; 

(v) an original assignment of the related Mortgage, in favor of the Indenture Trustee and in recordable form, to the extent
applicable; 
 (vi) an original omnibus assignment of the documents related to the Loan (other than the Mortgage described in
clause (v) above) in favor of the Indenture Trustee (or in blank), together with original assignments of any related Financing Statements in favor of the Indenture Trustee and in a form suitable for filing; 

(vii) originals or copies of all assumption, modification and substitution agreements in those instances where the terms of any
related loan document have been modified or the Loan has been assumed, together with any evidence of recording thereon or that such document has been submitted for recording, when appropriate; 

(viii) originals or copies of all ground leases, if any, the related ground lease estoppels and amendments thereof; 

(ix) the original or a copy of the lender’s title insurance policy, together with all endorsements or riders (or copies
thereof) that were issued with or subsequent to the issuance of such policy, insuring the priority of the Mortgage as a first lien on the Underlying Mortgaged Property or, with respect to each Loan as to which a title insurance policy has not yet
been issued, a policy meeting the foregoing description as evidenced by a commitment for title insurance “marked up” together with a closing instruction letter setting forth such requirements of the lender’s title insurance policy (or
by “pro-forma” otherwise agreed to by the title company) as of the closing date of the Loan; 

(x) a copy of any tenant estoppel certificate, if available; 

(xi) a copy of the appraisal (whether in hard copy, electronic copy or CD-ROM format)
containing the appraisal information for the related Underlying Mortgaged Property; 
 (xii) copies of Environmental Reports,
if applicable; 
 (xiii) a copy of any environmental insurance policy, if applicable, together with the original assignment
thereof to the Indenture Trustee; 
 (xiv) a checklist of the foregoing documents; and 

  
 13 

 (xv) evidence of insurance showing the applicable Issuer or its affiliate as the
insured or an additional insured party under certain casualty insurance policies, if any; 
 provided, that (x) no assignment of any of the
foregoing documents in favor of the Indenture Trustee shall be considered to be effective until the applicable Series Closing Date, notwithstanding any earlier date on any such assignment, (y) whenever the term “Loan File” is used to
refer to documents actually received by the Custodian pursuant to this Agreement or the Custody Agreement, such term shall not be deemed to include such documents required to be included therein unless they are actually so received and
(z) whenever the term “Loan File” is used in connection with any receipt or certification by the Indenture Trustee for documents described in clauses (ii), (xii), (xiii), (xiv) and (xv) of this definition, such term shall be
deemed to include such documents and any amendment, modification, waiver, agreement or instrument related thereto, only to the extent that a Responsible Officer of the Custodian has actual knowledge of their existence. 

“Loan Guarantor”: Any guarantor under a Loan Guaranty. 

“Loan Guaranty”: With respect to any Loan, the guaranty related to such Loan executed by an Affiliate or parent of the
Borrower in favor of an Issuer. 
 “Loan Schedule”: The list of Loans identified on an exhibit or schedule to each
applicable Series Supplement in connection with the issuance of a related Series of Notes. Such list shall set forth the following information with respect to each Loan: 

(i) the identification number for the related Property; 

(ii) the street address (including city, state and zip code) of the related Property; 

(iii) the related Issuer loan number and name of Borrower; 

(iv) the Appraised Value of the related Property; 

(v) the Loan’s maturity date, if applicable; 

(vi) the concept of the related Property; and 

(vii) the Allocated Loan Amount. 

“Lockbox Transfer Account”: As defined in Section 3.02(c). 

“Lockbox Transfer Account Bank”: As defined in Section 3.02(c). 

“MAI”: A designation signifying that the designee is a member of the Appraisal Institute. 

  
 14 

 “Master Exchange Agreement”: The Master Exchange Agreement, dated as of
July 11, 2017, among the Issuers, SCF Realty Capital, the Qualified Intermediary, and the QI Owner, as amended, restated, supplemented or otherwise modified from time to time. 

“Master Lease FCCR”: The aggregate FCCR for all Owned Properties under a Master Lease, which includes the sum of all
cash flows for all of the Owned Properties under that Master Lease. 
 “Midland”: Midland Loan Services, a division
of PNC Bank, National Association. 
 “Modified Collateral Detail and Realized Loss Report”: As defined in
Section 4.01(c). 
 “Monthly DSCR”: With respect to any Determination Date, the quotient, expressed as a ratio,
of (i) the sum of all Monthly Lease Payments, Monthly Loan Payments and any income earned from the investment of funds on deposit in the Collection Account and the Release Account in Permitted Investments during the related Collection Period,
and (ii) the Total Debt Service for the related Payment Date; provided, that with respect to the initial Collection Period for any Series, the amount in clause (i) above will include the Property Manager’s good faith estimate
(in accordance with the Servicing Standard) of what such amount would have been if such first Collection Period had commenced on the day immediately after the Determination Date in the month immediately preceding the first Payment Date, based on
amounts actually received by the Property Manager during the initial Collection Period. For purposes of determining the Monthly DSCR, the Total Debt Service will be calculated on the basis of a 360-day year
consisting of twelve 30-day months. 
 “Monthly Lease Payment”: With respect
to any Lease, the fixed or “base” rent monthly payment that is actually payable by the related Tenant from time to time under the terms of such Lease (excluding any Percentage Rent), after giving effect to any provision of such Lease
providing for periodic increases in such fixed or “base” rent by fixed percentages or dollar amounts or by percentages based on increases in the Consumer Price Index. 

“Monthly Loan Payment”: With respect to any Loan, the scheduled monthly payment of principal and interest on such Loan
that is or would be, as the case may be, payable by the related Borrower on each Due Date under the terms of the related Mortgage Note as in effect on the applicable Series Closing Date or, if otherwise applicable, such date such Loan was first
included in the Collateral Pool, without regard to any subsequent change in or modification of such terms in connection with a bankruptcy or similar proceeding involving the related Borrower or a modification, waiver or amendment of such Loan
granted or agreed to by the Special Servicer pursuant to this Agreement, and assuming that each prior Monthly Loan Payment has been made in a timely manner. 

“Mortgage Note”: The original executed note evidencing the indebtedness of a Borrower under a Loan, together with any
rider, addendum or amendment thereto, or any renewal, substitution or replacement of such note. 

  
 15 

 “NAICS”: The North American Industry Classification System developed to
classify establishments by the type of activity in which they were primarily engaged and to promote the comparability of establishment data describing various facets of the U.S. economy. 

“Net Default Interest”: With respect to any (i) Lease, any Default Interest collected thereon, net of any Advance
Interest accrued on Advances made in respect of such Lease and reimbursable from such Default Interest in accordance with Section 2.11 of the Indenture and (ii) Loan, any Default Interest collected thereon, net of any Advance Interest
accrued on Advances made in respect of such Loan and reimbursable from such Default Interest in accordance with Section 2.11 of the Indenture. 

“Net Investment Earnings”: The amount by which the aggregate of all interest and other income realized during a
Collection Period on funds held in the Collection Account, Release Account and any other accounts established under the Indenture from time to time, if any, exceeds the aggregate of all losses, if any, incurred during such Collection Period in
connection with the investment of such funds in accordance with Section 3.05. 
 “Net Worth”: With respect to
any entity means the difference between (i) the fair market value of such entity’s assets determined in accordance with GAAP, but excluding accumulated depreciation, and (ii) such entity’s liabilities determined in accordance
with GAAP. 
 “Non-Renewal Risk”: As defined in Section 7.06. 

“Nonrecoverable Advance”: Any portion of an Advance previously made or proposed to be made which, in the case of an
Advance previously made, has not been previously reimbursed to the Property Manager or the Indenture Trustee, as applicable, and which the Property Manager, in accordance with the terms hereof, or the Indenture Trustee, in its sole discretion
exercised in good faith, as applicable, determines, taking into account amounts that may be collected or realized on such Loans, Properties or Leases prior to final liquidation and Liquidation Proceeds, will not, or, in the case of a proposed
Advance, would not, be ultimately recoverable together with interest thereon at the Reimbursement Rate from amounts to be deposited in the Collection Account under the terms of this Agreement with respect to such Loans, Properties or Leases
(including, without limitation, payments by the Tenants and Borrowers and collections under the related Leases and Loans, Default Interest and late payment fees, Insurance Proceeds, Condemnation Proceeds, Liquidation Proceeds, and proceeds from the
operation and servicing of such Properties, Leases and Loans), as evidenced by an Officer’s Certificate pursuant to Section 3.03(f). In making any determination as to nonrecoverability pursuant to the provisions of the Transaction
Documents following the occurrence and continuance of an event of default under the Indenture, the Property Manager (including the Back-Up Manager, as successor Property Manager, and the Indenture Trustee, as
applicable) may consider the limitations on its enforcement remedies. 
 “Officer’s Certificate”: A certificate
signed by a Servicing Officer of the Property Manager or the Special Servicer or a Responsible Officer of the Indenture Trustee or SCF Realty Capital on behalf of an Issuer, as the case may be, and with respect to any other Person, a certificate
signed by the Chairman of the Board, the President, a Vice President or Assistant Vice President, the Treasurer, the Secretary, or one of the Assistant Treasurers or Assistant Secretaries of such Person. 

  
 16 

 “Opinion of Counsel”: A written opinion of counsel (which shall be
rendered by counsel that is Independent of the Issuers, the Issuer Members, the Indenture Trustee, the Property Manager and the Special Servicer) in form and substance reasonably acceptable to and delivered to the addressees thereof. 

“Owned Property”: Each parcel of real property listed on the Owned Property Schedule and from time to time included in
the Collateral Pool. 
 “Owned Property Schedule”: The list of Owned Properties and related Leases identified on an
exhibit or schedule to each applicable Series Supplement in connection with the issuance of a related Series of Notes. Such list shall set forth the following information with respect to each Lease: 

(i) the identification number for the Property; 

(ii) the related Issuer lease number and name of the related Tenant; 

(iii) the Lease Expiration Date for such Lease; 

(iv) the street address (including city, state and zip code) of such Property; 

(v) the Appraised Value of such Property; 

(vi) the concept operated on such Property; and 

(vii) the Allocated Loan Amount. 

“P&I Advance”: Any advance of principal and/or interest made by the Property Manager or the Indenture Trustee, as
applicable, pursuant to Section 3.03. Each reference to reimbursement or payment of a P&I Advance shall be deemed to include, whether or not specifically referred to, payments or reimbursement of interest thereon at the Reimbursement Rate
through the date of payments or reimbursement. 
 “Payoff Amount”: With respect to any Released Loan or Released
Property released or sold due to a Collateral Defect, an amount equal to the Collateral Value of such Released Loan or Released Property, plus any unpaid Monthly Loan Payments or Monthly Lease Payments, as applicable, and any unreimbursed Advances,
Emergency Property Expenses, Liquidation Fees, Workout Fees, Special Servicing Fees, Issuer Expenses, Back-Up Fees, Extraordinary Expenses and any fees and expenses incurred in connection with such release (in
each case, plus interest thereon as applicable), in each case related to such Released Loan or Released Property or the related Lease. 

“Percentage Rent”: With respect to any Lease, the rent thereunder, if any, calculated as a percentage of the total
sales generated by the related Tenant at the related Property in excess of or in lieu of, as applicable the Monthly Lease Payments as provided in the applicable Lease. 

  
 17 

 “Permitted Leases”: Those Leases referenced on the Owned Property
Schedule and any other Leases entered into in accordance with the terms and conditions of the Indenture and this Agreement. 

“Permitted Materials”: Hazardous Substances used or generated by any Tenant or Borrower in the ordinary course of
business and treated in accordance with applicable Environmental Laws. 
 “Primary Servicing Office”: (i) With
respect to the Property Manager or the Special Servicer, the office of the Property Manager or the Special Servicer, as the context may require, that is primarily responsible for such party’s servicing obligations hereunder and (ii) with
respect to the Back-Up Manager, the office of the Back-Up Manager, as the context may require, that is primarily responsible for such party’s servicing obligations
hereunder. 
 “Prime Rate”: The “prime rate” published in the “Money Rates” section of The
Wall Street Journal, as such “prime rate” may change from time to time. If The Wall Street Journal ceases to publish the “prime rate,” then the Indenture Trustee shall select an equivalent publication that publishes
such “prime rate”; and if such “prime rate” is no longer generally published or is limited, regulated or administered by a governmental or quasi-governmental body, then the Indenture Trustee shall select a comparable interest
rate index. In either case, such selection shall be made by the Indenture Trustee in its sole discretion and the Indenture Trustee shall notify the Property Manager and the Special Servicer in writing of its selection. 

“Property” or “Properties”: An Owned Property and/or an Underlying Mortgaged Property, as the
context may require. 
 “Property Insurance Policy”: With respect to any Loan and/or Property, any hazard insurance
policy, flood insurance policy, or other insurance policy that is maintained from time to time in respect of such Loan and/or Property (including, without limitation, any blanket insurance policy maintained by or on behalf of the applicable Issuer.

 “Property Management Fee”: With respect to each Loan and each Property owned by an Issuer, the monthly fee
payable to the Property Manager pursuant to Section 3.09(a) in amount equal to the product of (i) the Property Management Fee Rate and (ii) the aggregate Allocated Loan Amount (as of the related Determination Date) of all Loans and
Properties in the Collateral Pool that did not relate to Specially Managed Units during the related Collection Period. 

“Property Management Fee Rate”: With respect to each Lease and Loan, a monthly rate equal to the product of (i) one-twelfth and (ii) 0.25%. 
 “Property Manager”: SCF Realty Capital, in
its capacity as property manager under this Agreement, or any successor property manager appointed as herein provided. 

  
 18 

 “Property Manager Additional Servicing Compensation”: The additional
servicing compensation payable to the Property Manager pursuant to Section 3.09(b). 
 “Property Protection
Advance”: With respect to the Leases, the Loans and the Properties: 
 (i) All customary, reasonable and
necessary out-of-pocket costs and expenses incurred by the Property Manager (or, if applicable, the Back-Up Manager), in
connection with servicing the Leases, the Properties and the Loans, in accordance with the Servicing Standard and this Agreement, for the purpose of paying real estate taxes, premiums on Property Insurance Policies (not already paid pursuant to
Section 2.11 of the Indenture, as confirmed by the applicable Issuer), in the case of Leasehold Properties, payments required to be made under the related ground leases and other amounts necessary to preserve or maintain the security interest
and lien of the Indenture Trustee in, and value of, each related Property (including any costs and expenses necessary to re-lease such Property), Lease or Loan (including costs and expenses related to
collection efforts), including, but not limited to, amounts incurred by the Property Manager to (a) repair, or make improvements to, a Property in order to re-lease such Property or to induce a Tenant to
extent, modify and/or renew the related Lease, and/or (b) provide to an existing or proposed Tenant a tenant allowance to enable such existing or proposed Tenant to repair, or make improvements to, a Property in connection with a new Lease or
the extension, modification and/or renewal of an existing Lease; and 
 (ii) all customary, reasonable and necessary out-of-pocket costs and expenses incurred by the Property Manager, the Back-Up Manager or Special Servicer in connection with the
servicing of a Loan after a default, delinquency or other unanticipated event, or in connection with the administration of any REO Property, including, but not limited to, the cost of (a) the preservation, insurance, restoration, protection and
management of any Collateral, including the cost of any “force placed” insurance policy purchased by the Property Manager to the extent such cost is allocable to a particular item of Collateral that the Property Manager is required to
cause to be insured pursuant to Section 3.06, (b) obtaining any Liquidation Proceeds (insofar as such Liquidation Proceeds are of the nature described in the definition thereof) or Insurance Proceeds in respect of any Collateral or REO
Property, (c) any enforcement of judicial proceedings with respect to any Collateral, including foreclosures, and (d) the operation, management, maintenance and liquidation of any REO Property. Notwithstanding anything to the contrary,
“Property Protection Advances” shall not include allocable overhead of the Property Manager or the Special Servicer, such as costs for office space, office equipment, supplies and related expenses, employee salaries and related expenses
and similar internal costs and expenses. 
 “QI Owner”: IPX1031 LLC and its permitted successors and assigns. 

“Qualified Insurer”: An insurance company or security or bonding company qualified to write the related Property
Insurance Policy in the relevant jurisdiction, which company has a claims-paying ability rated at least “A:VIII” by A.M. Best’s Key Rating Guide. 

  
 19 

 “Qualified Intermediary”: SCF Exchange LLC, a Delaware limited liability
company. 
 “Qualified Substitute Loan”: Any commercial real estate loan, acquired by an Issuer in substitution for
an Exchanged Loan or with the proceeds (or a portion thereof) from the sale of a Released Loan and which, as of the date of the acquisition thereof (i) is secured by a Qualified Underlying Property, (ii) has a Collateral Value not less
than the Collateral Value of the Released Loan or Exchanged Loan, as applicable (iii) has an Interest Rate not less than such Released Loan or Exchanged Loan, (iv) complies with all of the representations and warranties originally made
with respect to such Released Loan or Exchanged Loan under the Indenture (with each date therein referring to the date of substitution), (v) pays interest and, if applicable, principal on a monthly basis, (vi) has a maturity date that is
not earlier than the related Released Loan or Exchanged Loan, and (vii) if such Released Loan or Exchanged Loan is a balloon Loan, has a balloon payment that is not more than 5% larger than such Released Loan’s or Exchanged Loan’s
balloon payment. 
 “Qualified Substitute Property”: An Owned Property acquired by an Issuer (A) in
substitution for any Exchanged Property or Exchanged Loan that, on the date of such substitution, (i) has a Collateral Value that, when combined with the Collateral Value of all other Qualified Substitute Properties and Qualified Substitute
Loans to be acquired by the Issuers on such date of substitution, is at least equal to the sum of (1) the Fair Market Value of all Exchanged Properties and (2) the Collateral Value of all Exchanged Loans on the date of substitution,
(ii) complies, in all material respects, with all of the representations and warranties made with respect to Owned Properties under the Indenture (with each date therein referring to the date of substitution), (iii) has, together with all
other Qualified Substitute Properties and Qualified Substitute Loans to be acquired by the Issuers on such date, the same or greater aggregate Monthly Lease Payments and Monthly Loan Payments as the Exchanged Properties and Exchanged Loans,
(iv) is leased pursuant to a Lease, that when combined with the Leases of all other Qualified Substitute Properties and the Loans of all other Qualified Substitute Loans to be acquired on such date, has a weighted average remaining term that
equals or exceeds the weighted average remaining term of the Leases associated with the Exchanged Properties and the Loans associated with the Exchanged Loans for such date, (v) if the Tenant thereof or any third party has an option to purchase
such Qualified Substitute Property, the contractual amount of such Third Party Option Price is not less than what the Allocated Loan Amount of such Qualified Substitute Property would be after giving effect to the substitution of such Property,
(vi) when combined with all other Qualified Substitute Properties and Qualified Substitute Loans since the most recent Issuance Date, does not cause the weighted average FCCR of such Qualified Substitute Properties and Qualified Substitute
Loans to be less than the weighted average FCCR (measured as of the date of each respective substitution) of all Exchanged Properties and Exchanged Loans since the most recent Issuance Date; provided, however, with respect to no more
than 10% of the Aggregate Appraised Value of all Owned Properties, such Qualified Substitute Properties will not be subject to the weighted average FCCR criteria set forth in this clause (vi), but instead will be required to have a minimum FCCR
of 2.5 (measured as of the date of each respective substitution), (vii) is leased pursuant to a “triple-net” lease, and (viii) has an appraisal that meets the requirements set forth in the
definition of Appraised Value and was obtained no more than twelve (12) months prior to such substitution or (B) with proceeds deposited in the Release Account that, on the date of such acquisition, (i) complies, in all

  
 20 

 
material respects, with all of the representations and warranties made with respect to Owned Properties under the Indenture (with each date therein referring to the date of acquisition),
(ii) is leased pursuant to a Lease that has a remaining term that equals or exceeds the weighted average remaining term of the Leases and Loans associated with the Released Properties and Released Loans, (iii) if the Tenant thereof or any
third party has an option to purchase such Qualified Substitute Property, the contractual amount of such Third Party Option Price is not less than what the Allocated Loan Amount of such Qualified Substitute Property would be after being acquired by
such Issuer, (iv) is leased to the Tenant who leased the related Released Property or was the Borrower under the Released Loan, or to a different Tenant whose FCCR is greater than or equal to the then-current FCCR, (v) is leased pursuant
to a “triple-net” lease and (vi) has an appraisal meeting the requirements set forth in the definition of Appraised Value that was obtained no more than twelve (12) months prior to such
substitution. 
 Notwithstanding the foregoing, with respect to a Risk-Based Substitution, the related Qualified Substitute Property or
Qualified Substitute Loan, as applicable, shall not be required to comply with clauses (A) (iv), (v), or (vi) or (B) (ii), (iii) or (iv) above. 

“Qualified Underlying Property”: Any commercial real estate property securing a Qualified Substitute Loan, which, as
of the date of the acquisition of such related Qualified Substitute Loan, (i) has a Fair Market Value or, when combined with the Fair Market Value of all other Qualified Substitute Properties and Qualified Underlying Properties to be acquired
on the date of such acquisition as substitution for the related Released Loan or Exchanged Loan, has a Fair Market Value in the aggregate, that is equal to or greater than the Fair Market Value of the Underlying Mortgaged Property that secures the
related Released Loan or Exchanged Loan, and (ii) complies with all of the representations and warranties originally made with respect to the Underlying Mortgaged Property securing the related Released Loan or Exchanged Loan under the Indenture
(with each date therein referring to the date of substitution). 
 “Reimbursement Amounts”: Any amounts payable by a
Tenant to the Property Manager or the related Issuer pursuant to the terms of the related Lease as reimbursement for the payment of taxes or other expenses made by the Property Manager or such Issuer in connection with the Owned Property. 

“Reimbursement Rate”: The rate per annum applicable to the accrual of Advance Interest, which rate per annum is equal
to the Prime Rate plus 3%. 
 “Release Account”: As defined in Section 3.02(f). 

“Release Price”: With respect to any Released Property or Released Loan, an amount equal to (i) the Third Party
Option Price, if the release occurs in connection with any Third Party Purchase Option, (ii) with respect to any Delinquent Asset or Defaulted Asset purchased by the Special Servicer or the Property Manager or any assignee thereof, the greater
of (A) the Fair Market Value and (B) one hundred fifteen percent (115%) of the Allocated Loan Amount, (iii) the Payoff Amount with respect to any Released Property or Released Loan released due to a Collateral Defect, (iv) the
Fair Market Value for any Released Property or Released Loan sold to a third party, SCF Realty Capital or to SCF SPE or (v) any funds deposited into the Release Account in connection with a Series Collateral Release. 

  
 21 

 “Released Asset”: Any Released Loan or Released Property, as applicable.

 “Released Loan”: As defined in Section 7.04(a). 

“Released Property”: As defined in Section 7.04(a). 

“Relinquished Property”: As defined in the Master Exchange Agreement. 

“Relinquished Property Proceeds”: As defined in the Master Exchange Agreement. 

“Remedial Work”: As defined in Section 3.23(c). 

“Remittance Date”: The Business Day preceding each Payment Date. 

“Removed Loan”: A Released Loan or Exchanged Loan that has either been released or substituted pursuant to
Section 2.04 and Article VII hereof. 
 “Removed Property”: A Released Property or Exchanged Property that
has either been released or substituted pursuant to Section 2.04 and Article VII hereof. 
 “REO
Property”: A Property acquired by or on behalf of an Issuer as “real estate owned” whether through foreclosure, deed in lieu of foreclosure or otherwise. 

“REO Revenues”: All income, rents, profits and proceeds derived from the ownership, operation or leasing of any REO
Property. 
 “Replacement Property”: As defined in the Master Exchange Agreement. 

“Request for Release”: A request signed by a Servicing Officer of the applicable Issuer or the Property Manager in the
form of Exhibit B-l attached hereto or of such Issuer or the Special Servicer in the form of Exhibit B-2 attached hereto. 

“Required Conditions”: Subject to any additional requirements set forth in any applicable Series Supplement, with
respect to any proposed substitution, release, exchange or lease transfer of any Property or Loan, the Required Conditions will be satisfied if: 

(i) the applicable Issuer shall submit to the Indenture Trustee all documentation that is reasonably required to be delivered by any party
hereto in connection with such substitution, release, exchange or lease transfer, together with an Officer’s Certificate certifying that such documentation (A) is in compliance with all Legal Requirements, and (B) will effect such
release in accordance with the terms of this Agreement; and 
 (ii) if the Property sought to be substituted, released, exchanged or have its
lease transferred is subject to a Lease or Loan that also covers any other Property, such Lease or Loan shall be severed and amended so that, after giving effect to such release, no Property shall be subject to a Lease or Loan that also affects any
Property that is not subject to a Mortgage. 

  
 22 

 “Required Transfer Instruction Date”: The date on which an Issuer or SCF
Realty Capital is required to direct the transfer of Relinquished Property Proceeds from the Exchange Account to the Release Account pursuant to the Escrow Agreement. 

“Risk-Based Substitution”: The meaning specified in Section 7.06. 

“Risk Retention Agreement”: The Amended and Restated Risk Retention Agreement, dated as of July 11, 2017, entered
into by SCF Realty Capital in favor of the Indenture Trustee, as amended, restated, supplemented or otherwise modified from time to time. 

“Sales Tax Deposits”: The meaning specified in Section 3.02(g). 

“Series 2016-1 Notes”: The Net-Lease
Mortgage Notes, Series 2016-1, issued by SCF RC Funding I LLC and SCF RC Funding II LLC pursuant to the Master Indenture as supplemented by the Amended and Restated Series
2016-1 Supplement, dated as of July 11, 2017, among SCF RC Funding I LLC, SCF RC Funding II LLC and the Indenture Trustee. 

“Series Collateral Release”: The meaning specified in Section 7.11(a). 

“Series Collateral Release Price”: With respect to a Released Asset in connection with a Series Collateral Release, an
amount equal to the greater of (i) one hundred fifteen percent (115%) of the Allocated Loan Amount of such Released Asset and (ii) the Fair Market Value of such Released Asset. 

“Servicer Replacement Event”: The meaning specified in Section 6.01(a). 

“Servicing Accounts”: The meaning specified in Section 3.02(g). 

“Servicing Fees”: With respect to each Property and the related Lease or Loan, the Property Management Fee, the Back-Up Fee, the Property Manager Additional Servicing Compensation, if any, the Special Servicing Fee, if any, and the Special Servicer Additional Servicing Compensation, if any. 

“Servicing File”: Any documents (other than documents required to be part of the related Lease File or Loan File) in
the possession of the Property Manager or the Special Servicer and relating to the origination and servicing of any Loan or Lease or the administration of any Property. 

“Servicing Officer”: Any officer or employee of the Property Manager or the Special Servicer involved in, or
responsible for, the administration, management and servicing of the Properties, Leases or Loans, whose name and specimen signature appear on a list of Servicing Officers furnished by such party to the applicable Issuer Members, the applicable
Issuer and the Indenture Trustee on the related Series Closing Date, as such list may be amended from time to time. 
 “Servicing
Standard”: To provide property management services for the Properties and to service the Loans and the Leases (a) in the same manner in which, and with the same care, skill, prudence and diligence with which, SCF Realty Capital,
the Property Manager 

  
 23 

 
or the Special Servicer, as the case may be, services and administers similar leases, properties and loans, including, without limitation, the granting of Permitted Encumbrances, for their own
account and the account of their Affiliates or any third-party portfolios, to the extent applicable, or (b) in a manner normally associated with the prudent management and operation of similar properties, whichever standard is highest, and in
each such case, in material compliance with all applicable laws, but without regard to: (i) any known relationship that the Property Manager or Special Servicer, or an Affiliate of the Property Manager or Special Servicer, may have with any
Issuer, any Tenant, any Borrower, any of their respective Affiliates or any other party to the Transaction Documents; (ii) the ownership of any Note or Issuer Interest by the Property Manager or Special Servicer or any Affiliate of the Property
Manager or Special Servicer, as applicable; (iii) the Property Manager’s obligation to make Advances, incur servicing expenses or to direct the Indenture Trustee to withdraw funds from the Collection Account to pay Emergency Property
Expenses with respect to the Leases, Properties and Loans; (iv) the Property Manager’s or Special Servicer’s right to receive compensation for its services or reimbursements of the costs under this Agreement; (v) the ownership,
servicing or management for others, by the Property Manager or Special Servicer of any other leases, commercial real properties or loans; (vi) the release, transfer or indemnification obligations of the Property Manager or Special Servicer; or
(vii) the existence of any loans made to a Tenant by the Property Manager or Special Servicer or any Affiliate thereof. 

“Servicing Transfer Event”: With respect to any Property, the occurrence of any of the events described in the
definition of “Specially Managed Unit.” 
 “Special Servicer”: SCF Realty Capital, in its capacity as
special servicer under this Agreement, or any successor special servicer appointed as herein provided. 
 “Special Servicer
Additional Servicing Compensation”: The additional servicing compensation payable to the Special Servicer pursuant to Section 3.09(d). 

“Special Servicer Report”: As defined in Section 4.01(b). 

“Special Servicing Fee”: With respect to each Specially Managed Unit, the monthly fee payable to the Special Servicer
pursuant to the first paragraph of Section 3.09(c) in amount equal to the product of (i) the Special Servicing Fee Rate and (ii) the aggregate Allocated Loan Amount (as of the related Determination Date) of all Loans and Properties in
the Collateral Pool that did not relate to Specially Managed Units during the related Collection Period. 
 “Special Servicing
Fee Rate”: With respect to each Specially Managed Unit, a monthly rate equal to the product of (i) one-twelfth and (ii) 0.75%. 

“Specially Managed Unit”: Any Property or Loan as to which any of the following events has occurred: 

(i) such Property or Loan is a Delinquent Asset; or 

(ii) such Property or Loan is a Defaulted Asset, with respect to which the related default materially and adversely affects the
interests of the applicable Issuer; or 

  
 24 

 (iii) there shall have been commenced in a court or agency or supervisory
authority having jurisdiction an involuntary action against the Tenant or Borrower under any present or future federal or state bankruptcy, insolvency or similar law or the appointment of a conservator or receiver or liquidator in any insolvency,
readjustment of debt, marshaling of assets and liabilities, or similar proceedings or for the winding up or liquidation of its affairs, which action shall not have been dismissed for a period of 90 days, and the subject Lease or Loan has not
been rejected in any related proceeding; or the Tenant or Borrower shall have consented to the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar
proceedings of or relating to the Tenant or Borrower or of or relating to all or substantially all of its property, and the subject Lease or Loan has not been rejected in any related proceeding; or the Tenant or Borrower shall have admitted in
writing its inability to pay its debts generally as they become due, filed a petition to take advantage of any applicable insolvency or reorganization statute, made an assignment for the benefit of its creditors, or voluntarily suspend payment of
its obligations, and the subject Lease or Loan has not been rejected in any related proceeding; or 
 (iv) the Lease or Loan
has expired, been terminated, or rejected in any bankruptcy or related proceeding; or 
 (v) the Property Manager receives
notice that a Tenant or Borrower will no longer make Monthly Lease Payments or Monthly Loan Payments under such under such Tenant’s Lease or Borrower’s Loan. 

“SCF SPE”: Any special purpose, bankruptcy remote subsidiary (direct or indirect) of SCF Realty Capital (other than
any Originator). 
 “Sub-Manager”: Any Person with which the Property
Manager or the Special Servicer has entered into a Sub-Management Agreement. 
 “Sub-Management Agreement”: The written contract between the Property Manager or the Special Servicer, on the one hand, and any Sub-Manager, on the other hand,
relating to servicing and administration of Loans, Leases and Properties, as provided in Section 3.18. 
 “Successor
Property Manager”: As defined in Section 6.02. 
 “Successor Special Servicer”: As defined in
Section 6.02. 
 “Tenant”: With respect to each Lease, the tenant under such Lease and any successor or assign
thereof. 
 “Terminated Lease Property”: A Property, the Lease with respect to which has expired, has been
terminated or has been rejected in a bankruptcy, insolvency or similar proceeding of the Tenant or from which the Tenant has been evicted or otherwise removed. 

“Termination Date”: As defined in the Master Exchange Agreement. 

  
 25 

 “Third Party Option Price”: With respect to any Property pursuant to
which a Third Party Purchase Option is exercised, a cash price equal to the amount specified in the related Lease or other Lease Document, as applicable, as payable by a Tenant or other third party in connection with the exercise of such Third Party
Purchase Option. 
 “Third Party Asset”: Any Loan or Owned Property and related Lease acquired by an Issuer from a
third party. 
 “Third Party Purchase Option”: The option under a Lease, whether conditional or otherwise, for the
related Tenant or another third party to purchase the related Property before or at the expiration of the term of the Lease for the Third Party Option Price. 

“Title Companies”: As defined in Section 2.03(a). 

“Title Insurance Policies”: With respect to each Property, an ALTA mortgagee title insurance policy in the customary
form (or, if any Property is in a state which does not permit the issuance of such ALTA policy, such form as shall be permitted in such state) issued with respect to such Property and insuring the lien of the Mortgage encumbering such Property. 

“Total Debt Service”: (a) the sum of (i) the Scheduled Class A Principal Payment and all Note Interest
with respect to each Class of Notes, (ii) the scheduled principal payment and note interest with respect to all classes of Related Series Notes (in each case, less any scheduled principal payment due on the Anticipated Repayment Date with
respect to each Class of Notes or the applicable anticipated repayment date with respect to any such Related Series Notes), (iii) the Property Management Fee, (iv) the Special Servicing Fee, if any, (v) the Back-Up Fee, and (vi) the Indenture Trustee Fee, each as accrued during the related Collection Period minus (b) the Post-Closing Properties Adjustment Amount. For the purpose of calculation “Monthly
DSCR,” the Note Interest component of Total Debt Service shall, for each Series, be computed on the basis of a 360-day year consisting of twelve 30-day months. For
the avoidance of doubt, Post-ARD Additional Interest and Deferred Post-ARD Additional Interest will not be included in the calculation of Total Debt Service. 

“UCC”: The Uniform Commercial Code as in effect in any applicable jurisdiction. 

“Underlying Mortgaged Property”: Each parcel of real property securing a Loan, including the buildings, structures,
fixtures (to the extent not property of the related Tenant), additions, enlargements, extensions, modifications, repairs, replacements or Improvements now or hereinafter erected or located on such parcel and appurtenant easements and other property
rights relating thereto. 
 “Unscheduled Proceeds”: Collectively, without duplication, (i) Liquidation Proceeds
and any other proceeds received by the Property Manager or the Special Servicer with respect to the disposition of an Owned Property or a Loan that is a Defaulted Asset, (ii) Proceeds in connection with a Condemnation or Insured Casualty,
(iii) any Third Party Option Price received as a result of the exercise of a Third Party Purchase Option (only up to the Collateral Value), (iv) Payoff Amounts received in connection with the release and sale of a Lease, a Loan or an Owned
Property in relation to a Collateral Defect, (v) any proceeds derived from each un-

  
 26 

 
leased Owned Property (exclusive of related operating costs, including certain reimbursements payable to the Property Manager in connection with the operation and disposition of such un-leased Owned Property), (vi) all amounts disbursed to the Payment Account from the DSCR Reserve Account during an Early Amortization Period, (vii) amounts disbursed from the Release Account to the
Collection Account for the related Payment Date, (viii) any Exchange Cash Collateral transferred from the Exchange Reserve Account to the Release Account and (ix) any Post-Closing Acquisition Unused Proceeds. 

“U.S. Credit Risk Retention Rules”: The United States Securities and Exchange Commission’s credit risk retention
rules, 17 C.F.R. Part 246. 
 “Weighted Average FCCR”: An amount equal to the quotient of (i) the sum of
the products of the FCCRs and the Allocated Loan Amounts of each Owned Property and Loan in the Collateral Pool and (ii) the aggregate Allocated Loan Amount of all Owned Properties and Loans in the Collateral Pool. 

“Weil Nonconsolidation Opinion”: The nonconsolidation opinion of Weil, Gotshal & Manges LLP, dated as of the
date hereof, that is rendered to Credit Suisse Securities (USA) LLC, Guggenheim Securities, LLC, the Indenture Trustee, S&P Global, Inc. and Kroll Bond Rating Agency, Inc. 

“Workout Fee”: As defined in Section 3.09(g). 

“Yield Maintenance Premium”: With respect to any Loan, any premium, penalty or fee paid or payable, as the context
requires, by a Borrower in connection with a principal prepayment on or other early collection of principal of a Loan. 
 Section 1.02
Other Definitional Provisions. 
 (a) All capitalized terms defined in this Agreement shall have the defined meanings when used in any
certificate or other document made or delivered pursuant hereto unless otherwise defined therein. 
 (b) As used in this Agreement and in any
certificate or other document made or delivered pursuant hereto or thereto, accounting terms not defined in this Agreement or in any such certificate or other document, and accounting terms partly defined in this Agreement or in any such certificate
or other document, to the extent not defined, shall have the respective meanings given to them under GAAP. To the extent that the definitions of accounting terms in this Agreement or in any such certificate or other document are inconsistent with
the meanings of such terms under GAAP, the definitions contained in this Agreement or in any such certificate or other document shall control. 

(c) The words “hereof,” “herein,” and “hereunder” and words of similar import when used in this Agreement shall
refer to this Agreement as a whole and not to any particular provision of this Agreement; Section and Exhibit references contained in this Agreement are references to Sections and Exhibits in or to this Agreement unless otherwise specified; a
reference to a subsection or other subdivision without further reference to a Section is a reference to such subsection or other subdivision as contained in the Section in which the reference appears; and the words “include” and
“including” shall mean without limitation by reason of enumeration. 

  
 27 

 (d) The definitions contained in this Agreement are applicable to the singular as well as the
plural forms of such terms and to the masculine as well as the feminine and neuter genders of such terms. 
 (e) Any agreement, instrument or
statute defined or referred to herein or in any instrument or certificate delivered in connection herewith means such agreement, instrument or statute as from time to time amended, modified or supplemented and includes (in the case of agreements or
instruments) references to all attachments thereto and instruments incorporated therein; references to a Person are also to its permitted assignees. 

Section 1.03 Certain Calculations in Respect of the Leases and the Loans. 

(a) All amounts collected in respect of any Lease in the form of payments from the related Tenants, guaranties provided by related Lease
Guarantors, Unscheduled Proceeds or otherwise shall be applied to amounts due and owing under the Lease in accordance with the express provisions of such Lease, and all amounts collected in respect of any Loan in the form of payments from the
related Borrower, guaranties provided by related Loan Guarantors or Unscheduled Proceeds shall be applied to amounts due and owing under the related Mortgage Note and Mortgage (including for principal and accrued and unpaid interest) in accordance
with the express provisions of the related Mortgage Note and Mortgage; in the absence of such express provisions, all amounts collected shall be applied for purposes of this Agreement: (i) with respect to amounts collected in respect to any
Lease, first, as a recovery of any related and unreimbursed Advances; and second, in accordance with the Servicing Standard, but subject to Section 1.03(c), as a recovery of any other amounts then due and owing under such Lease,
including, without limitation, Percentage Rent, Reimbursement Amounts and Default Interest; and (ii) with respect to amounts collected in respect of any Loan, first, as a recovery of any related and unreimbursed Advances, second, as a
recovery of accrued and unpaid interest at the related Interest Rate on such Loan to but not including, as appropriate, the date of receipt or the Due Date in the Collection Period of receipt, third, as a recovery of principal of such Loan then due
and owing, including by reason of acceleration of the Loan following a default thereunder (or, if a liquidation event has occurred in respect of such Loan, a recovery of principal to the extent of its entire remaining unpaid principal balance),
fourth, as a recovery of any Yield Maintenance Premium then due and owing under such Loan, fifth, in accordance with the Servicing Standard, but subject to Section 1.03(c), as a recovery of any other amounts then due and owing under such Loan,
including Default Interest, and sixth, as a recovery of any remaining principal of such Loan to the extent of its entire remaining unpaid principal balance. Any proceeds derived from an unleased Property (exclusive of related operating costs,
including reimbursement of Advances made by the Property Manager, the Special Servicer or the Indenture Trustee in connection with the operation and disposition of such Property) shall be applied by the Property Manager in the same manner as if they
were Monthly Lease Payments due on the previously existing Lease for such Property until such Lease becomes a Liquidated Lease pursuant to the terms of such Lease and the related Lease Documents. 

  
 28 

 (b) Collections in respect of each REO Property (exclusive of amounts to be applied to the
payment of the costs of operating, managing, maintaining and disposing of such REO Property) shall be treated: first, as a recovery of any related and unreimbursed Advances; second, as a recovery of accrued and unpaid interest on the
related Loan at the related Interest Rate to but not including the Due Date in the Collection Period of receipt; third, as a recovery of principal of the related Loan to the extent of its entire unpaid principal balance; and fourth, in
accordance with the Servicing Standard, but subject to Section 1.03(c), as a recovery of any other amounts deemed to be due and owing in respect of the related Loan. 

(c) Insofar as amounts received in respect of any Lease, Loan or REO Property and allocable to fees and charges owing in respect of such Lease,
Loan or REO Property constituting Additional Servicing Compensation payable to the Property Manager or Special Servicer are insufficient to cover the full amount of such fees and charges, such amounts shall be allocated between such of those fees
and charges as are payable to the Property Manager, on the one hand, and as are payable to the Special Servicer, on the other, pro rata in accordance with their respective entitlements. 

(d) The foregoing applications of amounts received in respect of any Lease, Loan or REO Property shall be determined by the Property Manager
and reflected in the appropriate monthly Determination Date Report and any Modified Collateral Detail and Realized Loss Report. 
 (e)
Notwithstanding the early termination of any Lease resulting from a default by the related Tenant, such Lease will be treated for purposes of determining Servicing Fees, Liquidation Fees, Workout Fees and Indenture Trustee Fees as remaining in
effect until such Lease becomes a Liquidated Lease. 
 (f) Insofar as amounts received in respect of any Lease and allocable to fees and
charges owing in respect of such Lease constituting Additional Servicing Compensation payable to the Property Manager or Special Servicer are insufficient to cover the full amount of such fees and charges, such amounts shall be allocated between
such of those fees and charges as are payable to the Property Manager, on the one hand, and as are payable to the Special Servicer, on the other, pro rata in accordance with their respective entitlements. 

(g) The foregoing applications of amounts received in respect of any Lease shall be determined by the Property Manager and reflected in the
appropriate monthly Determination Date Report and Modified Collateral Detail and Realized Loss Reports. 
 Section 1.04 Fee
Calculations. 
 (a) The calculation of the Servicing Fees shall be made in accordance with Section 3.09; the payment of Indenture
Trustee Fees shall be made pursuant to the terms of the Indenture. All dollar amounts calculated hereunder shall be rounded to the nearest penny with one-half of one penny being rounded up. 

(b) The amount of interest on each Loan during any Interest Accrual Period will be calculated in arrears based on the terms specified in the
related Mortgage Documents. 

  
 29 

 ARTICLE II 

REPRESENTATIONS AND WARRANTIES; RECORDINGS 

AND FILINGS; BOOKS AND RECORDS; DEFECT, 

BREACH, CURE, REPURCHASE AND SUBSTITUTION 

Section 2.01 Representations and Warranties of SCF Realty Capital and the Back-Up Manager.

 (a) SCF Realty Capital represents and warrants to the other parties hereto, and for the benefit of the Issuers, and the Indenture Trustee
for the benefit of the Noteholders as of Series Closing Date: 
 (i) SCF Realty Capital is a limited liability company duly
organized, validly existing, and in good standing under the laws of its state of organization and is in compliance with the laws of each state (within the United States of America) in which any Property is located to the extent necessary to its
performance under this Agreement; 
 (ii) The execution and delivery of this Agreement by SCF Realty Capital, and the
performance and compliance with the terms of this Agreement by SCF Realty Capital, do not violate its organizational documents or constitute an event that, with notice or lapse of time, or both, would constitute a default under, or result in the
breach of, any material agreement or other instrument to which it is a party or by which it is bound; 
 (iii) SCF Realty
Capital has the limited liability company power and authority to enter into and consummate all transactions to be performed by it contemplated by this Agreement, has duly authorized the execution, delivery and performance by it of this Agreement,
and has duly executed and delivered this Agreement; 
 (iv) This Agreement, assuming due authorization, execution and
delivery by each of the other parties hereto, constitutes a valid, legal and binding obligation of SCF Realty Capital, enforceable against SCF Realty Capital in accordance with the terms hereof, subject to (A) applicable bankruptcy, insolvency,
fraudulent conveyance, reorganization, receivership, moratorium and other similar laws affecting the enforcement of creditors’ rights generally and (B) general principles of equity, regardless of whether such enforcement is considered in a
proceeding in equity or at law; 
 (v) SCF Realty Capital is not in violation of, and its execution and delivery of this
Agreement and its performance 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 governmental or
regulatory authority, which violation is likely to affect materially and adversely either the ability of SCF Realty Capital to perform its obligations under this Agreement or the financial condition of SCF Realty Capital; 

(vi) No litigation is pending or, to SCF Realty Capital’s knowledge, threatened against SCF Realty Capital that is
reasonably likely to be determined adversely to SCF 

  
 30 

 
Realty Capital and, if determined adversely to SCF Realty Capital, would prohibit SCF Realty Capital from entering into this Agreement or that, in SCF Realty Capital’s good faith and
reasonable judgment, is likely to materially and adversely affect either the ability of SCF Realty Capital to perform its obligations under this Agreement or the financial condition of SCF Realty Capital. 

(vii) No consent, approval, authorization or order under any court or governmental agency or body is required for the
execution, delivery and performance by SCF Realty Capital of, or the compliance by SCF Realty Capital with, this Agreement or the consummation of the transactions of SCF Realty Capital contemplated by this Agreement, except for any consent,
approval, authorization or order that has been obtained or that if not obtained would not have a material and adverse effect on the ability of SCF Realty Capital to perform its obligations hereunder; and 

(viii) Each officer and employee of SCF Realty Capital that has responsibilities concerning the management, servicing and
administration of Properties, Leases and Loans is covered by errors and omissions insurance and the fidelity bond as and to the extent required by Section 3.06. 

(b) The representations and warranties of SCF Realty Capital set forth in Section 2.01(a) shall survive the execution and delivery of this
Agreement and shall inure to the benefit of the Persons to whom and for whose benefit they were made until all amounts owed to the Noteholders under or in connection with this Agreement, the Indenture and the Notes have been indefeasibly paid in
full. Upon discovery by any party hereto of any breach of any of the foregoing representations and warranties, the party discovering such breach shall give prompt written notice to the other parties. 

(c) Any successor Property Manager or Special Servicer shall be deemed to have made, as of the date of its succession, each of the
representations and warranties set forth in Section 2.01(a), subject to such appropriate modifications to the representation and warranty set forth in Section 2.01(a)(i) to accurately reflect such successor’s jurisdiction of
organization and whether it is a corporation, partnership, bank, association or other type of organization. 
 (d) The Back-Up Manager represents and warrants to the other parties hereto, and for the benefit of the Issuers, and the Indenture Trustee on behalf of the Noteholders, as of each Series Closing Date: 

(i) The Back-Up Manager is an entity duly organized, validly existing, and in good
standing under the laws of the jurisdiction of its formation and is in compliance with the laws of each state (within the United States of America) in which any Property is located to the extent necessary to its performance under this Agreement;

 (ii) The execution and delivery of this Agreement by the Back-Up Manager, and the
performance and compliance with the terms of this Agreement by the Back-Up Manager, do not violate its organizational documents or constitute an event that, with notice or lapse of time, or both, would
constitute a default under, or result in the breach of, any material agreement or other instrument to which it is a party or by which it is bound; 

  
 31 

 (iii) The Back-Up Manager has the
corporate power and authority to enter into and consummate all transactions to be performed by it contemplated by this Agreement, has duly authorized the execution, delivery and performance by it of this Agreement, and has duly executed and
delivered this Agreement; 
 (iv) This Agreement, assuming due authorization, execution and delivery by each of the other
parties hereto, constitutes a valid, legal and binding obligation of the Back-Up Manager, enforceable against the Back-Up Manager in accordance with the terms hereof,
subject to (A) applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, receivership, moratorium and other similar laws affecting the enforcement of creditors’ rights generally and (B) general principles of equity,
regardless of whether such enforcement is considered in a proceeding in equity or at law; 
 (v) The Back-Up Manager is not in violation of, and its execution and delivery of, this Agreement and its performance 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 governmental or regulatory authority, which violation is likely to affect materially and adversely either the ability of the Back-Up Manager to perform its obligations under this Agreement or the financial condition of the Back-Up Manager; 

(vi) No litigation is pending or, to the Back-Up Manager’s knowledge, threatened
(in writing received by the Back-Up Manager) against the Back-Up Manager, which if determined adversely to the Back-Up Manager,
would prohibit the Back-Up Manager from entering into this Agreement or that, in the Back-Up Manager’s good faith and reasonable judgment, is likely to materially
and adversely affect either the ability of the Back-Up Manager to perform its obligations under this Agreement or the financial condition of the Back-Up Manager; 

(vii) No consent, approval, authorization or order under any court or governmental agency or body is required for the
execution, delivery and performance by the Back-Up Manager of, or the compliance by the Back-Up Manager with, this Agreement or the consummation of the transactions
contemplated by the Back-Up Manager by this Agreement, except for any consent, approval, authorization or order that has been obtained or that if not obtained would not have a material and adverse affect on
the ability of the Back-Up Manager to perform its obligations hereunder; and 

(viii) The Back-Up Manager is covered by errors and omissions insurance and the
fidelity bond as and to the extent required by Section 3.06. 
 Section 2.02 Representations and Warranties of the Issuer.

 (a) Each Issuer hereby represents and warrants to each of the other parties hereto and for the benefit of the Indenture Trustee, on behalf
of the Noteholders as of the related Series Closing Date on or after the date on which such Issuer becomes a party to this Agreement: 

  
 32 

 (i) Such Issuer is a limited liability company duly organized, validly existing,
and in good standing under the laws of the State of Delaware and is in compliance with the laws of each state (within the United States of America) in which any applicable Property is located to the extent necessary to its performance under this
Agreement; 
 (ii) The execution and delivery of this Agreement by such Issuer, and the performance and compliance with the
terms of this Agreement by such Issuer, do not violate its organizational documents or constitute an event that, with notice or lapse of time, or both, would constitute a default under, or result in the breach of, any material agreement or other
instrument to which it is a party or by which it is bound; 
 (iii) Such Issuer has the limited liability company power and
authority to enter into and consummate all transactions to be performed by it contemplated by this Agreement, has duly authorized the execution, delivery and performance by it of this Agreement and any applicable Joinder Agreement, and has duly
executed and delivered this Agreement and any applicable Joinder Agreement; 
 (iv) This Agreement, assuming due
authorization, execution and delivery by each of the other parties hereto, constitutes a valid, legal and binding obligation of such Issuer, enforceable against such Issuer in accordance with the terms hereof, subject to (A) applicable
bankruptcy, insolvency, fraudulent conveyance, reorganization, receivership, moratorium and other similar laws affecting the enforcement of creditors’ rights generally and (B) general principles of equity, regardless of whether such
enforcement is considered in a proceeding in equity or at law; 
 (v) Such Issuer is not in violation of, and its execution
and delivery of, this Agreement or any applicable Joinder Agreement and its performance 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 governmental or regulatory authority, which violation is likely to affect materially and adversely either the ability of such Issuer to perform its obligations under this Agreement or the financial
condition of such Issuer; 
 (vi) No litigation is pending or, to such Issuer’s knowledge, threatened against such
Issuer that is reasonably likely to be determined adversely to such Issuer and, if determined adversely to such Issuer, would prohibit such Issuer from entering into this Agreement or that, in such Issuer’s good faith and reasonable judgment,
is likely to materially and adversely affect either the ability of such Issuer to perform its obligations under this Agreement or the financial condition of such Issuer; 

(vii) No consent, approval, authorization or order under any court or governmental agency or body is required for the
execution, delivery and performance by such Issuer of, or the compliance by such Issuer with, this Agreement or the consummation of the transactions of such Issuer contemplated by this Agreement, except for any consent, approval, authorization or
order that has been obtained or that if not obtained would not have a material and adverse affect on the ability of such Issuer to perform its obligations hereunder; 

  
 33 

 (viii) Each officer and employee of such Issuer that has responsibilities
concerning the management, servicing and administration of the applicable Properties, Leases and Loans is covered by errors and omissions insurance and the fidelity bond as and to the extent required by Section 3.06; and 

(ix) To such Issuer’s knowledge, each of the Properties owned by such Issuer or securing a Loan owned by such Issuer is a
commercial property and is operated for commercial purposes. 
 The representations and warranties of each Issuer set forth in this Section 2.02 shall
survive the execution and delivery of this Agreement and shall inure to the benefit of the Persons to whom and for whose benefit they were made for so long as such Issuer remains in existence. Upon discovery by any party hereto of any breach of any
of the foregoing representations and warranties, the party discovering such breach shall give prompt written notice to the other parties. 

Section 2.03 Recordings and Filings; Books and Records. 

(a) In connection with the Grant made by each Issuer to the Indenture Trustee pursuant to the granting clause of the Indenture, each Issuer
shall cause the delivery of the applicable Lease Files for the applicable Leases and the applicable Loan Files for the applicable Loans to the Custodian in accordance with the Custody Agreement (which may provide for electronic delivery with respect
to certain items specified therein) for the benefit of the Indenture Trustee in furtherance of such Grant and such Issuer shall cause: (i) with respect to the Properties owned by such Issuer: (A) each Mortgage, Financing Statement and
continuation statement referred to in the definition of “Lease File” herein to be submitted to the appropriate Title Company (as defined below) on or before the applicable Series Closing Date or Transfer Date for recording or filing, as
the case may be, in the appropriate public office for real property records or for Financing Statements, at the expense of such Issuer and (B) each title insurance binder or commitment referred to in the definition of “Lease File”
herein to be issued as a Title Insurance Policy by the title companies (the “Title Companies”) issuing the same and (ii) with respect to the Loans owned by such Issuer, promptly (and in any event within 60 days
following the applicable Series Closing Date or Transfer Date) each assignment of Mortgage in favor of the Indenture Trustee referred to in clauses (v) and (vi) of the definition of “Loan File” in the Custody Agreement and each
Financing Statement on Form UCC-2 and UCC-3 in favor of the Indenture Trustee referred to in clause (iii) of such definition to be submitted for recording or
filing, as the case may be, in the appropriate public office for real property records or for Financing Statements. Each such assignment and each Mortgage shall reflect that, following recording, it should be returned by the public recording office
to the Custodian, on behalf of the Indenture Trustee (or to the Property Manager (or its designee), who shall then deliver such recorded document to the Custodian), and each such Financing Statement shall reflect that the file copy thereof should be
returned to the Custodian, for the benefit of the Indenture Trustee (or to the Property Manager (or its designee), who shall then deliver such recorded document to the Custodian) following filing; provided, that delivery of a copy of each
such Mortgage with recording information within thirty (30) days of the Property Manager’s receipt of such recorded Mortgage shall satisfy the foregoing. Each of the Title Companies issuing the Title Insurance Policies shall be instructed
by the applicable Issuer to deliver such policies to the Custodian (or 

  
 34 

 
to the Property Manager (or its designee), who shall then deliver such recorded document to the Custodian), in each case for the benefit of the Indenture Trustee. The Property Manager, on behalf
of the Indenture Trustee, shall use reasonable efforts to diligently pursue with the Title Companies the return of each of the Mortgages, assignments of Mortgages and Financing Statements from the appropriate recording or filing offices and the
delivery of the Title Insurance Policies by the related Title Company. If any such document or instrument is lost or returned unrecorded or unfiled, as the case may be, because of a defect therein, the Indenture Trustee or the Custodian shall notify
the Property Manager and the Property Manager shall promptly prepare and cause to be executed a substitute therefor or cure such defect, as the case may be, and thereafter, the Property Manager shall cause the same to be duly recorded or filed, as
appropriate. The Property Manager shall file any continuation statements necessary to continue the effectiveness of the Financing Statements. The Indenture Trustee and the related Issuer shall cooperate as necessary for the Property Manager to
perform such obligations. 
 (b) Each Issuer shall deliver to and deposit with, or cause to be delivered to and deposited with, the Property
Manager all documents and records in the possession of such Issuer or any related Originators that relate to the applicable Properties, Leases and Loans and that are not required to be a part of a Lease File or a Loan File in accordance with the
definitions thereof, and the Property Manager shall hold all such documents and records in trust on behalf of the Indenture Trustee (in hard copy or electronic format). The Property Manager’s possession of such documents and records shall be at
the will of the related Issuer and the Indenture Trustee for the sole purpose of facilitating the servicing of the applicable Leases, Loans and Properties pursuant to this Agreement and such possession by the Property Manager shall be in a custodial
capacity only on behalf of the Indenture Trustee. The ownership of such documents and records shall be vested in each Issuer, as applicable, subject to the lien of the Indenture, and the ownership of all documents and records with respect to the
applicable Leases, Loans and Properties that are prepared by or which come into possession of the Property Manager or the Special Servicer shall immediately vest in such Issuer, subject to the lien of the Indenture, and shall be delivered to and
deposited with the Property Manager, in the case of documents or records in the hands of the Special Servicer, and retained and maintained in trust by the Property Manager in such custodial capacity only on behalf of the Indenture Trustee, except as
otherwise provided herein. All such documents and records shall be appropriately maintained in a manner to clearly reflect the ownership of such documents and records by the applicable Issuer, subject to the lien of the Indenture, and that such
documents and records are being held on behalf of the Indenture Trustee, and the Property Manager shall release such documents and records from its custody only in accordance with this Agreement. 

(c) The Property Manager shall monitor the delivery of the Lease Files and the Loan Files to the Custodian, for the benefit of the Indenture
Trustee. 
 Section 2.04 Repurchase or Transfer and Exchange for Collateral Defects and Breaches of Representations and
Warranties. 
 (a) If any party hereto discovers or receives notice that any document required to be included in any Loan File or Lease
File is missing (after the date it is required to be delivered) or is otherwise deficient or that there exists a breach of any representation or warranty relating to any Loan, Property or Lease set forth in Section 2.20 or Section 2.21 of
the Indenture 

  
 35 

 
and if such absence, deficiency or breach materially and adversely affects (a) the value of the related Loan, Property or Lease or (b) the interests of the Issuers or any Noteholders in
the related Loan, Property or Lease (a “Collateral Defect”), the party discovering such Collateral Defect shall give prompt written notice thereof to the other parties hereto. Promptly upon becoming aware of any such
Collateral Defect, the applicable Cure Party shall, not later than 60 days from the receipt by such Cure Party of such request, (i) cure such Collateral Defect in all material respects, (ii) cause such Property, Lease or Loan to be
released from the Collateral in accordance with Section 7.04 of this Agreement, or (iii) substitute one or more Qualified Substitute Properties for the subject Property, one or more Qualified Substitute Properties or Qualified Substitute
Loans for the subject Loan in accordance with the procedures set forth in Section 7.01 of this Agreement; provided that if (i) such Collateral Defect is capable of being cured (including by delivery of a missing document) but not
within such 60-day period, (ii) such Cure Party has commenced and is diligently proceeding with the cure of such Collateral Defect (which may including the delivery of a missing document) within such 60-day period, and (iii) such Cure Party shall have delivered to, the Property Manager, the Indenture Trustee and the Custodian a certification executed on behalf of such Cure Party by an officer thereof
setting forth the reason such Collateral Defect is not reasonably capable of being cured within an initial 60-day period and what actions such Cure Party is pursuing in connection with the cure thereof and
stating that such Cure Party anticipates that such Collateral Defect will be cured within an additional period not to exceed 60 more days, then such Cure Party shall have up to an additional 60 days commencing on the 61st day from receipt
by such Cure Party of such request to complete such cure. 
 (b) If a Cure Party has elected to release or to substitute one or more of the
Properties or Loans and the Property Manager and/or such Issuer has delivered the Officer’s Certificates referenced in Sections 7.01 and 7.04, respectively, the Property Manager shall, and is hereby authorized and empowered by such Issuer
and the Indenture Trustee to, prepare, execute and deliver in its own name, on behalf of such Issuer, the Indenture Trustee or any of them, the endorsements, assignments and other documents contemplated by Section 7.01 or Section 7.04
necessary to effectuate an exchange or release pursuant to Section 2.04(a) and such Issuer and the Indenture Trustee shall execute and deliver any limited powers of attorney substantially in the form of Exhibit D
prepared by the Property Manager and necessary to permit the Property Manager to do so; provided, however, that none of the applicable Issuer, the applicable Issuer Member, the applicable Issuer board of managers and the Indenture
Trustee shall be held liable for any misuse of any such power of attorney by the Property Manager and the Property Manager hereby agrees to indemnify such Issuer, such Issuer Member, such Issuer board of managers and the Indenture Trustee against,
and hold such Issuer, such Issuer Member, such Issuer board of managers and the Indenture Trustee harmless from, any loss or liability arising from any misuse of such power of attorney. In connection with any such release or substitution by an
Issuer, the Property Manager or the Special Servicer, as appropriate, shall concurrently deliver the related Lease File or Loan File, as applicable, to such Issuer. For the avoidance of doubt, the Indenture Trustee shall execute and deliver a
limited power of attorney on or before December 7 of each year. 
 (c) In the event of any Collateral Defect with respect to any Third
Party Asset, the Property Manager (if SCF Realty Capital is the Property Manager) is deemed to have made, in its own name, each of the representations and warranties set forth in Section 2.20 or Section 2.21 of the Indenture, as if such
representation or warranty were set forth in full herein. 

  
 36 

 (d) Subject to the terms of the Performance Support Agreement, this Section 2.04 provides
the sole remedies available to the Indenture Trustee and the Noteholders with respect to any Collateral Defect. If any Cure Party or the Support Provider defaults on its obligations to release or substitute for any Property or Loan as contemplated
by Section 2.04(a) or the Performance Support Agreement, as the case may be, such default shall be deemed an Event of Default under the Indenture and the Property Manager shall promptly notify the Indenture Trustee and any applicable Rating
Agency and shall take such actions with respect to the enforcement of such obligations, including the institution and prosecution of appropriate proceedings as the Property Manager shall determine, in its good faith and reasonable judgment, are in
the best interests of the applicable Issuer and the Noteholders, and the Property Manager shall notify the Controlling Party of each Series of any proposed action and, prior to the Property Manager taking such action, such Controlling Parties shall
consent to such action. Any and all expenses incurred by the Property Manager or the Indenture Trustee with respect to the foregoing shall constitute Property Protection Advances in respect of the affected Property or Loan. 

Section 2.05 Non Petition Agreement. 

Each Issuer will cause each party to any Property Transfer Agreement to covenant and agree that such party shall not institute against, or join
any other Person in instituting against, any Issuer, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding, or any other proceeding under any federal or state bankruptcy or similar law. 

ARTICLE III 
 ADMINISTRATION
AND SERVICING OF PROPERTIES, LEASES AND LOANS 
 Section 3.01 Administration of the Properties, Leases and Loans. 

(a) Each of the Property Manager and the Special Servicer shall service and administer the Properties, Leases and Loans that it is obligated to
service and administer pursuant to this Agreement on behalf of the Issuers and in the best interests and for the benefit of the Noteholders and the holders of the Issuer Interests (as a collective whole), in accordance with any and all applicable
laws and the terms of this Agreement, the Property Insurance Policies and the respective Leases and Loans and, to the extent consistent with the foregoing, in accordance with the Servicing Standard. Without limiting the foregoing, and subject to
Section 3.18, (i) the Property Manager shall service and administer each Lease (and each related Property) and each Loan as to which no Servicing Transfer Event has occurred and each Corrected Unit, and (ii) the Special Servicer shall
service and administer each Lease (and each related Property) and each Loan as to which a Servicing Transfer Event has occurred and that is not a Corrected Unit or has not been released from the Lien of the related Mortgage in accordance with this
Agreement and the other Transaction Documents; provided, however, that the Property Manager shall continue to collect information and prepare and deliver all reports to the Indenture Trustee and each Issuer required hereunder with
respect to any Specially Managed Unit (and the related Mortgage or 

  
 37 

 
Leases), and further to render such incidental services with respect to any Specially Managed Unit as are specifically provided for herein. No direction, consent or approval or lack of direction,
consent or approval of any Controlling Party or the Requisite Global Majority may (and the Special Servicer or the Property Manager will ignore and act without regard to any such advice or approval or lack of approval that the Special Servicer or
the Property Manager has determined, in its reasonable, good faith judgment, would) (A) require or cause the Special Servicer or the Property Manager to violate applicable law, the Servicing Standard or the terms of any Loan or any Lease or
(B) expand the scope of the Property Manager’s or Special Servicer’s responsibilities under this Agreement. In addition, neither the Property Manager nor the Special Servicer, acting in its individual capacity, shall take any action
or omit to take any action as lessor of any Property or holder of any Loan if such action or omission would materially and adversely affect the interests of the Noteholders or the Issuer Interests, or any Issuer. None of the Property Manager, the
Special Servicer or the Back-Up Manager shall be liable to the Indenture Trustee, any Noteholder or any other Person for following any direction of a Controlling Party hereunder. 

(b) Subject to Section 3.01(a), the Property Manager and the Special Servicer each shall have full power and authority, acting alone, to
do or cause to be done any and all things in connection with such servicing and administration in accordance with the Servicing Standard. Without limiting the generality of the foregoing, each of the Property Manager and the Special Servicer, in its
own name, with respect to each of the Properties, Leases and Loans it is obligated to service or administer hereunder, is hereby authorized and empowered by the applicable Issuer and the Indenture Trustee to execute and deliver, on behalf of each
such Issuer and the Indenture Trustee: (i) any and all Financing Statements, continuation statements and other documents or instruments necessary to maintain the lien created by any Mortgage or other security document in the related Lease File
or Loan File on the related Collateral; (ii) in accordance with the Servicing Standard and subject to Section 3.16, any and all modifications, waivers, amendments or consents to or with respect to any documents contained in the related
Lease File or Loan File, other than the Transaction Documents, (iii) subject to the Servicing Standard, all documents to be executed by the Indenture Trustee pursuant to the last sentence of the definition of Permitted Encumbrances and
(iv) any and all instruments of satisfaction or cancellation, or of partial or full release or discharge, and all other comparable instruments. Subject to Section 3.08, each applicable Issuer and the Indenture Trustee shall, at the written
request of a Servicing Officer of the Property Manager or the Special Servicer, execute and deliver to the Property Manager or the Special Servicer, as the case may be, any limited powers of attorney (substantially in the form of
Exhibit D attached hereto) and other documents furnished by the Property Manager or the Special Servicer, as applicable, and necessary or appropriate to enable it to carry out its servicing and administrative duties
hereunder; provided, however, that none of the Issuers, the Issuer Members or the Indenture Trustee shall be held liable for any misuse of any such power of attorney by the Property Manager or the Special Servicer and each of the
Property Manager and the Special Servicer hereby agree to indemnify each Issuer, the Issuer Members and the Indenture Trustee against, and hold each Issuer, the Issuer Members and the Indenture Trustee harmless from, any cost, loss or liability
arising from any misuse of such power of attorney. Notwithstanding anything contained herein to the contrary, the Property Manager shall not, without the Indenture Trustee’s written consent: (i) initiate any action, suit or proceeding
solely under the Indenture Trustee’s name without indicating the Indenture Trustee’s representative capacity or (ii) take any action with the intent to cause, and which actually does cause, the Indenture Trustee to be registered to do
business in any state. 

  
 38 

 (c) Promptly after any request therefor, the Property Manager shall provide to the Indenture
Trustee: (i) the most recent inspection report prepared or obtained by the Property Manager or the Special Servicer in respect of each Property pursuant to Section 3.10(a); (ii) the most recent available operating statement and
financial statements of the related Tenant or Borrower collected by the Property Manager or the Special Servicer pursuant to Section 3.10(d), together with the accompanying written reports to be prepared by the Property Manager or the Special
Servicer, as the case may be, pursuant to Section 3.10(b); and (iii) any and all notices and reports with respect to any Property as to which environmental testing is contemplated by this Agreement or the other Transaction Documents. 

(d) The relationship of each of the Property Manager and the Special Servicer to each Issuer and the Indenture Trustee under this Agreement is
intended by the parties to be and shall be that of an independent contractor and not that of a joint venturer, partner or agent. 

Section 3.02 Collection of Monthly Lease Payments and Monthly Loan Payments; General Receipts Accounts; Lockbox Transfer Accounts;
Collection Account; Release Account; Servicing Account. 
 (a) Each of the Property Manager and the Special Servicer shall undertake
reasonable efforts to collect all payments called for under the terms and provisions of the Leases and the Loans it is obligated to service hereunder and shall, to the extent such procedures shall be consistent with this Agreement, follow such
collection procedures as it would follow were it the owner of such Leases and Loans. Consistent with the foregoing and the Servicing Standard (and without regard to Section 3.16), the Special Servicer or the Property Manager, as the case may
be, may waive any Net Default Interest or late payment charge it is entitled to in connection with any delinquent payment on a Lease or Loan it is obligated to service hereunder. 

(b) The Property Manager shall establish and maintain, or cause to be established and maintained, one or more accounts (each, a
“General Receipts Account”) with one or more banks (each, a “General Receipts Account Bank”). Each General Receipts Account shall (i) be maintained at an institution that satisfies the
institutional requirements of clauses (i) or (ii) of the definition of Eligible Account or (ii) is otherwise acceptable to the Rating Agencies (as evidenced by written confirmation from such Rating Agencies) and may be an account to
which payments relating to other assets are paid; provided, that such account shall be in the nature of a clearing account and the Property Manager shall not have access to such account. Each of the Property Manager and the Special Servicer
shall, on or prior to each Series Closing Date (or, if applicable, such other date of acquisition), as to those Leases and Loans it is obligated to service hereunder, instruct the related Tenant or Borrower to make all Monthly Lease Payments and
Monthly Loan Payments to a General Receipts Account. With respect to amounts contained in the General Receipts Account, the Property Manager or the Back-Up Manager shall at all times be able to readily
identify any amounts that constitute Collateral. 

  
 39 

 (c) The Property Manager may establish and maintain one or more segregated accounts in the name
of the Midland on behalf of the Indenture Trustee, held for the benefit of the Noteholders (each, a “Lockbox Transfer Account”) with one or more banks (each, a “Lockbox Transfer Account Bank”). Each
Lockbox Transfer Account shall be an Eligible Account. Each Lockbox Transfer Account shall be subject to an account control agreement among the Property Manager or the Back-Up Manager, as applicable, the
Issuers, the Indenture Trustee and the applicable Lockbox Transfer Account Bank, which may be substantially in the form of the Clearing Account Agreement, dated as of the date hereof, among the Issuers, the
Back-Up Manager, the Indenture Trustee, and PNC Bank, National Association. Subject to Section 3.02(g), neither the Property Manager nor any Issuer will have any right of withdrawal from the Lockbox
Transfer Account, and each of the Property Manager and the Back-Up Manager hereby covenants and agrees that it shall not withdraw, or direct any Person to withdraw, any funds from the Lockbox Transfer Account.

 (d) The Property Manager shall establish and maintain one segregated account in the name of the Indenture Trustee on behalf of the
Noteholders for the collection of payments on and other amounts received in respect of the Leases, the Properties and the Loans (collectively, the “Collection Account”), which shall be established in such manner and with the
type of depository institution (the “Collection Account Bank”) specified in this Agreement that permits the Collection Account to be an Eligible Account. Initially, the Collection Account Bank shall be Citibank, N.A. The
Collection Account shall be an Eligible Account. If the Collection Account Bank is not the same depository institution as the Indenture Trustee, then the Collection Account will be subject to an Account Control Agreement in form and substance
reasonably satisfactory to the Indenture Trustee pursuant to which the Collection Account Bank agrees to follow the instructions of the Indenture Trustee with respect to the Collection Account and the amounts on deposit therein. Prior to the
occurrence of an Event of Default, subject to Sections 3.03 and 3.04, neither the Property Manager nor any Issuer will have any right of withdrawal from the Collection Account, and the Property Manager hereby covenants and agrees that it shall
not withdraw, or direct any Person to withdraw, any funds from the Collection Account. Following an Event of Default, neither the Property Manager nor any Issuer will have any right of withdrawal from the Collection Account, and the Property Manager
hereby covenants and agrees that it shall not withdraw, or direct any Person to withdraw, any funds from the Collection Account. The Collection Account shall be maintained as a segregated account, separate and apart from trust funds created for
trust certificates or bonds of other series serviced and the other accounts of the Property Manager. 
 (e) Each of the Property Manager and
the Special Servicer shall, as to those Leases it is obligated to service hereunder, instruct the related Tenant to make all Monthly Lease Payments to a General Receipts Account on or prior to the applicable Series Closing Date (or, if later, the
date such Lease is first included in the Collateral). The Property Manager and the Special Servicer shall deposit or cause to be deposited in the Collection Account, within two (2) Business Days after receipt, the following payments and
collections received or made by or on behalf of the Property Manager on or after the later of the related Series Closing Date and the applicable Transfer Date (other than payments due before the applicable Transfer Date) or, in the case of
collections and payments to the General Receipts Account, on each Business Day, the Property Manager shall instruct each General Receipts Account Bank to transfer the following payments and collections deposited in the General Receipts Account prior
to the end of such Business Day (A) to the Lockbox Transfer Account and, within one Business Day thereafter from the Lockbox Transfer Account into the Collection Account or (B) directly into the Collection Account, in each case,
immediately after such funds have been identified, cleared and become available (but in no event later than two (2) Business Days after receipt thereof) in accordance with the policies of the General Receipts Account Bank: 

  
 40 

 (i) all payments on account of Monthly Lease Payments and Monthly Loan Payments;

 (ii) all payments of other amounts payable by the Tenants on the Leases and Borrowers on the Loans, except for escrows and
impounds and including without limitation amounts in respect of Additional Servicing Compensation pursuant to Section 3.09; 

(iii) all Insurance Proceeds, Condemnation Proceeds and Liquidation Proceeds received in respect of any Property, Lease or Loan
other than (A) proceeds applied to the restoration of property or released to the related Tenant or Borrower in accordance with this Agreement, or (B) Excess Proceeds; 

(iv) any Release Price received by the Property Manager or the Special Servicer in connection with the release of a Released
Property or Released Loan pursuant to the terms and provisions of this Agreement and all other amounts not deposited into the Release Account that were received and retained in connection with the liquidation of any Owned Property, Lease or Loan
(a) with respect to which a Monthly Lease Payment or Monthly Loan Payment is overdue for more than 90 consecutive days (without taking into account the required giving of notices under the related Lease or Loan) or (b) with respect to
which a Tenant or Borrower is otherwise in default beyond any applicable notice, grace or cure period, and which Lease or Loan has not been rejected in any bankruptcy, insolvency or similar proceeds; 

(v) any amounts required to be deposited by the Property Manager or the Special Servicer in the Collection Account in
connection with losses resulting from a deductible clause in a blanket hazard insurance policy; 
 (vi) any amounts paid by
any party to indemnify the Issuers, the Issuer Members, the Indenture Trustee, the Property Manager, Back-Up Manager or the Special Servicer pursuant to any provision of this Agreement or the Indenture; 

(vii) any amounts received on account of payments under the guaranties provided by related Lease Guarantors or Loan Guarantor;
and 
 (viii) any other amounts required to be so deposited under this Agreement. 

Upon receipt of any of the amounts described in clauses (i) through (iii) above with respect to any Specially Managed Unit, the
Special Servicer shall promptly but in no event later than the second Business Day after receipt remit such amounts to the Property Manager for deposit into the Collection Account in accordance with this Section 3.02(e), unless the Special
Servicer determines, consistent with the Servicing Standard, that a particular item should not be deposited because of a restrictive endorsement or other reasonably appropriate reason. With respect to any such amounts paid by check to the order of
the Special Servicer, the Special 

  
 41 

 
Servicer shall endorse such check to the order of the Property Manager and shall deliver promptly, but in no event later than one Business Day after receipt, any such check to the Property
Manager by overnight courier, unless the Special Servicer determines, consistent with the Servicing Standard, that a particular item cannot be so endorsed and delivered because of a restrictive endorsement or other reasonably appropriate reason.

 (f) Other than the deposit of (i) Relinquished Property Proceeds into the Exchange Account pursuant to Section 7.09 and the
Master Exchange Agreement and (ii) Series Collateral Release Prices into the Collection Account pursuant to Section 7.11 and the Indenture, the Property Manager shall deposit or cause to be deposited in a segregated account in the name of
the Indenture Trustee, cash proceeds from the sale of any Released Property or Released Loan (the “Release Account”) within one Business Day after such funds have been identified, cleared and become available. The Release
Account shall be an Eligible Account. Initially, the Release Account bank shall be Citibank, N.A. The funds held in the Release Account may be held as cash or invested in Permitted Investments in accordance with the provisions of
Section 3.05(a). All right, title and interest of each Issuer in the Release Account and the amounts on deposit therein will be pledged to the Indenture Trustee under the Indenture. The Property Manager will deposit or cause to be deposited in
the Release Account, on the date of receipt, (i) any cash proceeds from the sale of any Released Property or Released Loan and (ii) to the extent that Proceeds in connection with an Insured Casualty or Condemnation exceeds the Collateral
Value of the related Owned Property or Loan, such excess amounts (the “Excess Proceeds”). Pursuant to the Escrow Agreement, Relinquished Property Proceeds in the Exchange Account may be transferred to the Release Account
following the occurrence of certain events specified therein and, in accordance Section 3.05(b), such Relinquished Property Proceeds may be used to acquire a Qualified Substitute Property. Pursuant to the Indenture, any excess proceeds
remaining after prepaying the applicable Series of Notes in connection with a Series Collateral Release will be remitted to the Release Account as a Release Price. 

(g) Each of the Property Manager and the Special Servicer shall, as to those Properties, Leases and Loans it is obligated to service and
administer hereunder, establish and maintain one or more accounts (the “Servicing Accounts”), and shall cause to be deposited from the Lockbox Transfer Account or otherwise into such Servicing Accounts all Escrow Payments,
security deposits received from Tenants pursuant to the Leases, subject to the Tenants’ rights to such amounts (“Lease Security Deposits”), and amounts required to be paid by the applicable Issuers as lessors under the
Leases in respect of sales taxes (“Sales Tax Deposits”). Notwithstanding the foregoing, no Servicing Accounts shall be established and maintained with respect to those Properties, Leases or Loans pursuant to which the Tenant
or Borrower is not required to make Escrow Payments, Lease Security Deposit or Sales Tax Deposits. Each Servicing Account shall be an Eligible Account. Withdrawals of amounts so collected from a Servicing Account (other than Lease Security Deposits
may be made only to: (i) effect payment of real estate or personal property taxes, sales taxes, assessments, insurance premiums, ground rents (if applicable) and comparable items (including taxes or other amounts that could constitute liens
prior to or on parity with the lien of the related Mortgage); (ii) refund to the related Tenant or Borrower any sums as may be determined to be overages; (iii) pay interest, if required and as described below in clause (h), to the related
Tenant or Borrower on balances in the Servicing Account; (iv) clear and terminate the Servicing Account at the termination of this Agreement in accordance with Section 8.01; (v) withdraw any amounts deposited in error or (vi) for any
other 

  
 42 

 
purpose required by the applicable Lease or Loan; provided, however, that Lease Security Deposits may not be withdrawn for such purposes and shall be withdrawn only in accordance
with the terms of the related Lease, to be repaid to the related Tenant or applied in full or partial satisfaction of the obligations of the related Tenant in accordance with the Servicing Standard (for application in the same manner as payments in
respect of such obligations). Any remaining portion of such Lease Security Deposit (after no further allocations could be required pursuant to clauses (i) through (vi) above) shall be withdrawn by the Property Manager from the Servicing
Account and deposited into the Collection Account and shall constitute part of the Available Amount on the next Payment Date. 
 (h) The
Property Manager and the Special Servicer shall each pay or cause to be paid to the applicable Tenant or Borrower interest, if any, earned on the investment of funds in Servicing Accounts maintained thereby, if required by law or the terms of the
related Lease or Loan. If the Property Manager or the Special Servicer shall deposit in a Servicing Account any amount not required to be deposited therein, it may at any time withdraw such amount from such Servicing Account, any provision herein to
the contrary notwithstanding. 
 Section 3.03 Advances. 

(a) Each of the Property Manager and the Special Servicer shall, as to those Properties and Loans it is obligated to service hereunder,
maintain accurate records with respect to each Property and Loan reflecting the status of real estate taxes, ground rents, assessments and other similar items that are or may become a lien thereon, and Ground Lease renewals and the status of
insurance premiums payable in respect thereof that, in each case, the related Tenant or Borrower is contractually or legally obligated to pay under the terms of the applicable Lease or Loan, and, subject to Section 3.03(c) below, the Property
Manager shall effect payment thereof, as an Advance or otherwise as payment of an Emergency Property Expense from funds on deposit in the Collection Account, as described below, if not paid by such Tenant or Borrower prior to the applicable penalty
or termination date, promptly after the Property Manager or Special Servicer, as applicable, receives actual notice from any source of such nonpayment by such Tenant or Borrower. For purposes of effecting any such payment for which it is
responsible, the Property Manager or the Special Servicer, as the case may be, shall apply Escrow Payments as allowed under the terms of the related Lease or Loan or, if such Lease or Loan does not require the related Tenant or Borrower to escrow
for the payment of real estate taxes, assessments and insurance premiums, each of the Property Manager and the Special Servicer shall, as to those Leases and Loans it is obligated to service hereunder, enforce the requirement of the related Lease
and Loan that such Tenant or Borrower make payments in respect of such items at the time they first become due. 
 (b) In the event that the
Series Available Amount allocated (or to be allocated) to any Series of Notes on any Payment Date will be insufficient to pay in full (i) the Scheduled Principal Payment (if any) with respect to each Class of Notes in such Series other
than any such Class of Notes whose Anticipated Repayment Date (x) occurs on such Payment Date or (y) has occurred prior to such Payment Date and (ii) accrued and unpaid Note Interest in respect of the Notes of such
Series due on such Payment Date, the Property Manager, subject to its determination that such amounts are not Nonrecoverable Advances, shall be required to make a P&I Advance; provided, that the Property Manager will not be required
to make any advance to 

  
 43 

 
cover (A) any shortfall in the scheduled payment of principal on any Class of Notes on or after the related Anticipated Repayment Date, (B) the Make Whole Amount, (C) Post-ARD Additional Interest or (D) Deferred Post-ARD Additional Interest. The Property Manager will be required to deposit such P&I Advance into the Payment
Account not later than 11:00 a.m. New York time on the Remittance Date, in an amount equal to the excess of (x) the scheduled monthly amount required to be paid with respect to principal and interest on the Notes on the related Payment
Date, over (y) the amount on deposit in the Payment Account prior to such deposit by the Property Manager, taking into account all amounts on deposit in the Collection Account that are required to be transferred to the Payment Account for such
Payment Date. If a late payment of a Monthly Lease Payment is received on or prior to the Remittance Date, the Property Manager shall immediately set-off such late payment against such P&I Advance, and no
interest shall be payable on such P&I Advance unless such late payment shall have been received too late on the date of its receipt for the Property Manager to invest such funds. On or before 5:00 p.m. New York time on the Remittance Date
in the event that that the full amount of any P&I Advance required to be made by the Property Manager has not been so made, the Indenture Trustee shall provide notice of such failure to a Servicing Officer of the Property Manager and the Back-Up Manager. The Back-Up Manager, as successor Property Manager, will be required to make any required P&I Advance by 11:00 a.m. New York City time on the related
Payment Date to the extent that any P&I Advance required to be made by the Property Manager pursuant to the immediately preceding sentence is not made and the Back-Up Manager, as successor Property
Manager, receives notice thereof, subject to the Back-Up Manager’s sole discretion exercised in good faith and in accordance with Section 3.03(g) below, that the P&I Advance will not be a
Nonrecoverable Advance. If the Property Manager (including the Back-Up Property Manager, as successor Property Manager) fails to make such Advance, the Indenture Trustee will be required to make any required
P&I Advance by 3:00 p.m. New York City time on the related Payment Date to the extent that any P&I Advance required to be made by the Property Manager pursuant to the immediately preceding sentence is not made and the Indenture Trustee
receives notice thereof, subject to the Indenture Trustee’s sole discretion exercised in good faith, that the P&I Advance will ultimately be recoverable from subsequent payments or collections on or in respect of Loans, Leases or the
Properties. 
 (c) In accordance with the Servicing Standard, the Property Manager shall advance with respect to each Property any and all
Property Protection Advances; provided, that in no event shall the Property Manager be required to make any Property Protection Advance that it determines would constitute a Nonrecoverable Advance in accordance with Section 3.03(f). The
Property Manager shall not have any obligation under this Section 3.03(c) to advance any funds in respect of (i) delinquent payments of principal or interest in respect of the Loans and (ii) real estate taxes or premiums on Insurance
Policies that the related Tenant or Borrower or the applicable Issuer is not contractually or legally obligated to pay, nor shall it have any obligation to monitor the timely payment of real estate taxes and insurance premiums the payment of which
is the responsibility of a person other than such Tenant, Borrower or Issuer, unless it has actual knowledge of the non-payment of such items and would otherwise make such advance in accordance with the
Servicing Standard. The Back-Up manager, as successor Property Manager, will be required to make any required Property Protection Advance to the extent that any Property Protection Advance required to be made
by the Property Manager pursuant to the immediately preceding sentence is not made and the Back-Up Manager, as successor Property Manager, receives notice thereof, subject to the
Back-Up Manager’s sole 

  
 44 

 
discretion exercised in good faith, that the Property Protection Advance will not be a Nonrecoverable Advance. The Indenture Trustee will be required to make any required Property Protection
Advance to the extent that any Property Protection Advance required to be made by the Property Manager (or the Back-Up Manager, as successor Property Manager) pursuant to the immediately preceding sentence is
not made and the Indenture Trustee receives notice thereof, subject to the Indenture Trustee’s sole discretion exercised in good faith, that the Property Protection Advance will ultimately be recoverable from subsequent payments or collections
on or in respect of Leases, Properties or Loans. 
 (d) All Advances, together with Advance Interest thereon, shall be reimbursable in the
first instance from collections from the related Leases, Properties and Loans and further as provided in Section 2.11(b) of the Indenture. 

(e) If, prior to making any Property Protection Advance, the Property Manager shall have determined, in accordance with the Servicing Standard,
(i) that such Property Protection Advance, if made, would constitute a Nonrecoverable Advance, and (ii) that the payment of such cost, expense or other amount for which a Property Protection Advance might be made is nonetheless in the best
interest of the Noteholders, the Property Manager shall, in accordance with the Servicing Standard, instruct the Indenture Trustee to withdraw funds from the Collection Account and use such funds in order to pay such costs, expenses and other
amounts (collectively, “Emergency Property Expenses”) to the extent necessary to preserve the security interest in, and value of, any Property or Loan, as applicable. Any such funds withdrawn from the Collection Account to
pay Emergency Property Expenses shall not constitute part of the Available Amount on any Payment Date and shall not be available to make payments to the Noteholders or to pay any other expenses or obligations of the Issuers. 

(f) The determination by the Property Manager (or the Back-Up Manager as successor Property Manager)
that it has made a Nonrecoverable Advance or that any proposed Advance, if made, would constitute a Nonrecoverable Advance, shall be in accordance with (i) with respect to Property Protection Advances, the Servicing Standard and (ii) with
respect to P&I Advances, Section 3.03(g) below, and, in each case, shall be evidenced by an Officer’s Certificate delivered promptly to each Issuer and to the Indenture Trustee setting forth the basis for such determination. The
determination by the Indenture Trustee that it has made a Nonrecoverable Advance or that any proposed Advance, if made, would constitute a Nonrecoverable Advance, shall be made in good faith. The Indenture Trustee may conclusively rely on any
determination by the Property Manager that an Advance, if made, would be a Nonrecoverable Advance. 
 (g) In making a nonrecoverability
determination with respect to any P&I Advance, the Property Manager (including the Back-Up Manager as successor Property Manager) and the Special Servicer may only consider the obligations of the Issuers
under the terms of the Transaction Documents as they may have been modified, the related Collateral in its “as is” or then current conditions and the timing and availability of anticipated cash flows as modified by such party’s
assumptions regarding the possibility and effect of future adverse changes, together with such other factors, including but not limited to an estimate of future expenses, timing of recovery, the inherent risk of a protracted period to complete
liquidation or the potential inability to liquidate Collateral as a result of intervening creditor claims or of a 

  
 45 

 
bankruptcy proceeding affecting any Issuer and the effect thereof on the existence, validity and priority of any security interest encumbering the Collateral, the direct and indirect equity
interests in the Issuers, available cash on deposit in the Collection Account, the future allocations and disbursements of cash on deposit in the Collection Account, and the net proceeds derived from any of the foregoing. Any such determination
shall be conclusive and binding on the applicable Issuer, the Property Manager, the Special Servicer, the Noteholders, the Back-Up Manager and the Indenture Trustee. 

Section 3.04 Withdrawals from the Collection Account. 

(a) The applicable Account Control Agreement, if any, shall provide that on each Remittance Date the Collection Account Bank shall deliver the
Available Amount by wire transfer of immediately available funds for deposit into the Payment Account for application by the Indenture Trustee to make payments in accordance with the priorities set forth pursuant to Section 2.11(b) of the
Indenture. On or prior to each Remittance Date, the Property Manager may instruct the Indenture Trustee to withdraw funds from the Collection Account to pay the Property Management Fee, Back-Up Fee, Workout
Fees, Liquidation Fees, Additional Servicing Compensation, any applicable Special Servicing Fee due and payable to the Property Manager, Back-Up Manager and Special Servicer, and to pay any Emergency Property
Expenses (pursuant to Section 3.03(e)) and Advances (including Nonrecoverable Advances) plus interest thereon (including to reimburse the Indenture Trustee therefor); provided, however, that no other amounts may be withdrawn from
the Collection Account by the Property Manager, except as otherwise provided in this Agreement. Funds withdrawn by the Property Manager for the payment of the Property Management Fee, Back-Up Fee, Workout
Fees, Liquidation Fees, Additional Servicing Compensation, any reimbursements of Advances (including Nonrecoverable Advances) plus interest thereon, and any applicable Special Servicing Fee shall not constitute part of the Available Amount on any
Payment Date. 
 Section 3.05 Investment of Funds in the Collection Account and the Release Account. 

(a) The Property Manager shall direct the Collection Account Bank to invest the funds held in the Collection Account in one or more Permitted
Investments bearing interest or sold at a discount, and maturing, unless payable on demand, not later than the Business Day immediately preceding the next succeeding Remittance Date, which may be in the form of a standing direction. The Property
Manager may direct any institution maintaining the Release Account to invest the funds held therein in one or more specific Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, not later than the
Business Day immediately preceding the day such amounts are required to be distributed pursuant to this Agreement, which may be in the form of a standing direction. The Property Manager may direct any institution maintaining the Exchange Reserve
Account to invest the funds held therein in one or more specific Permitted Investment bearing interest or sold at a discount, and maturing, unless payable on demand, prior to the Payment Date following the date of such direction, which may be in the
form of a standing direction; provided, that such Permitted Investment must have (i) a short-term rating of not less than “A-2” by S&P and (ii) a maturity date prior to the
Payment Date following the date of such direction. All such Permitted Investments in the Collection Account, the Servicing Accounts, the Release Account and the 

  
 46 

 
Exchange Reserve Account shall be held to maturity, unless payable on demand. Any investment of funds in the Collection Account, the Servicing Accounts, the Release Account and the Exchange
Reserve Account shall be made in the name of the applicable Issuer for the benefit of the Indenture Trustee (in its capacity as such). The Property Manager shall promptly deliver to the Indenture Trustee, and the Indenture Trustee shall maintain
continuous possession of, any Permitted Investment that is either (i) a “certificated security,” as such term is defined in the Uniform Commercial Code, or (ii) other property in which a secured party may perfect its security
interest by possession under the Uniform Commercial Code or any other applicable law. If amounts on deposit in the Collection Account, the Servicing Accounts, the Release Account or the Exchange Reserve Account are at any time invested in a
Permitted Investment payable on demand, the Property Manager shall: 
 (i) consistent with any notice required to be given
thereunder, demand that payment thereon be made on the last day such Permitted Investment may otherwise mature hereunder in an amount equal to the lesser of (x) all amounts then payable thereunder and (y) the amount required to be
withdrawn on such date; and 
 (ii) demand payment of all amounts due thereunder promptly upon determination by the Property
Manager that such Permitted Investment would not constitute a Permitted Investment in respect of funds thereafter on deposit in the Collection Account, the Servicing Accounts or the Release Account, as applicable. 

(b) In the event that (i) any Issuer elects to remove a Property or Loan from the Collateral Pool under Section 2.04, 7.01 or 7.04,
(ii) Relinquished Property Proceeds are transferred from the Exchange Account to the Release Account in accordance with the terms of the Master Exchange Agreement and the Escrow Agreement or (iii) amounts in connection with a Series
Collateral Release are deposited into the Release Account pursuant to Section 7.11(c) and the Indenture, in each case, amounts deposited in the Release Account shall be applied by the Property Manager (or the Indenture Trustee based solely on
the instructions of the Property Manager if the Property Manager is SCF Realty Capital), first, to reimburse the Property Manager, the Special Servicer and the Indenture Trustee any amounts owed with respect to unreimbursed Extraordinary
Expenses, Advances (plus Advance Interest) thereon and Emergency Property Expenses related to such Loan, Lease or Property and to pay the expenses related to such release and, second, either to (i) allow any Issuer to acquire a Qualified
Substitute Loan or Qualified Substitute Property within twelve (12) months following the removal of the related Released Property or Released Loan or the related Exchange Commencement Date, as applicable, or (ii) at the option of the
Property Manager, be deposited as Unscheduled Proceeds into the Collection Account. Any amounts remaining in the Release Account following the twelve (12) month period described in clause (i) above shall be transferred as Unscheduled
Proceeds into the Collection Account; provided, that only the related Allocated Release Amount will be applied as Unscheduled Principal Payments. During an Early Amortization Period, all amounts in the Release Account shall be deposited as
Unscheduled Proceeds into the Collection Account and will be applied as Unscheduled Principal Payments on the Payment Date following the commencement of such Early Amortization Period. 

  
 47 

 (c) Whether or not the Property Manager directs the investment of funds in the Collection
Account, the Release Account or the Exchange Reserve Account, interest and investment income realized on funds deposited therein, to the extent of the Net Investment Earnings, if any, for the Collection Account, the Servicing Accounts, the Release
Account or the Exchange Reserve Account for each Collection Period, shall be added to the Available Amount for such Collection Period. 
 (d)
Except as otherwise expressly provided in this Agreement, if any default occurs in the making of a payment due under any Permitted Investment, or if a default occurs in any other performance required under any Permitted Investment, the Indenture
Trustee may take such action as may be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate proceedings. 

(e) Notwithstanding the investment of funds held in the Collection Account, the Release Account or the Exchange Reserve Account, for purposes
of the calculations hereunder, including the calculation of the Available Amount, the amounts so invested shall be deemed to remain on deposit in the Collection Account, the Release Account or the Exchange Reserve Account, as applicable. 

(f) Any actual losses sustained on the liquidation of a Permitted Investment in the Collection Account or the Release Account shall be
deposited by the applicable Issuer immediately, but in no event later than one Business Day following such liquidation, into the Collection Account or the Release Account, as applicable. 

Section 3.06 Maintenance of Insurance Policies: Errors and Omissions and Fidelity Coverage. 

(a) The Property Manager (other than with respect to Specially Managed Units) and the Special Servicer (with respect to Specially Managed
Units) shall use reasonable efforts in accordance with the Servicing Standard to cause the related Tenant or Borrower to maintain for each Property all insurance coverage as is required under the terms of the related Lease or Loan, as applicable
(including for the avoidance of doubt, any Environmental Policy); provided, that if and to the extent that any such Lease or Loan permits the lessor thereunder any discretion (by way of consent, approval or otherwise) as to the insurance
coverage that the related Tenant or Borrower is required to maintain, the Property Manager or the Special Servicer, as the case may be, shall exercise such discretion in a manner consistent with the Servicing Standard; and provided,
further, that, if and to the extent that a Lease or Loan so permits, the related Tenant or Borrower shall be required to obtain the required insurance coverage from Qualified Insurers that have a claims-paying ability rated at least
“A:VIII” by A.M. Best’s Key Rating Guide. If such Tenant or Borrower does not maintain the required insurance or, with respect to any Environmental Policy in place as of the related Series Closing Date or Transfer Date, the
Property Manager will itself cause such insurance to be maintained with Qualified Insurers; provided, that the Property Manager shall not be required to maintain such insurance if the Indenture Trustee (as mortgagee of record on behalf of the
Noteholders) does not have an insurable interest or the Property Manager has determined, in its reasonable judgment in accordance with the Servicing Standard, that either (i) such insurance is not available at a commercially reasonable rate and
the subject hazards are at the time not commonly insured against by prudent owners of properties similar to the Property located in or around the region in which such Property is located or (ii) such insurance is not available at any rate.
Subject to 

  
 48 

 
Section 3.14(a), the Special Servicer shall also use reasonable efforts to cause to be maintained for each REO Property no less property insurance coverage than was previously required of
the Tenant or Borrower under the related Mortgage or Lease and at a minimum, (i) hazard insurance with a replacement cost rider and (ii) comprehensive general liability insurance, in each case, in an amount customary for the type and
geographic location of such REO Property and consistent with the Servicing Standard; provided, that all such insurance shall be obtained from Qualified Insurers that, if they are providing casualty insurance, shall have a claims-paying
ability rated at least “A-:VIII” by A.M. Best’s Key Rating Guide. The cost of any such insurance coverage obtained by either the Property Manager or the Special Servicer shall be a Property
Protection Advance to be paid by the Property Manager. All such insurance policies shall contain (if they insure against loss to property) a “standard” mortgagee clause, with loss payable to the Property Manager, as agent of and for the
account of the applicable Issuer and the Indenture Trustee, and shall be issued by an insurer authorized under applicable law to issue such insurance. Any amounts collected by the Property Manager or the Special Servicer under any such policies
(other than amounts to be applied to the restoration or repair of the related Property or amounts to be released to the related Tenant, in each case in accordance with the Servicing Standard) shall be deposited in the Collection Account, subject to
withdrawal pursuant to Section 2.11 of the Indenture. 
 (b) The Property Manager or Special Servicer may satisfy its obligations under
Section 3.06(a) by obtaining, maintaining or causing to be maintained a blanket or forced place insurance policy. If applicable, the Property Manager or the Special Servicer shall obtain and maintain, or cause to be obtained and maintained on
behalf of each applicable Issuer, a master forced place insurance policy or a blanket policy (or an endorsement to an existing policy) insuring against hazard losses (not otherwise insured by a Tenant or Borrower due to a default by such Tenant or
Borrower under the insurance covenants of its Lease or Loan or because a Tenant or Borrower permitted to self-insure fails to pay for casualty losses) on the applicable Properties that it is required to service and administer, which policy shall
(i) be obtained from a Qualified Insurer having a claims-paying ability rated at least “A:VIII” by A.M. Best’s Key Rating Guide and at least “A” by S&P, and (ii) provide protection equivalent to the
individual policies otherwise required under Section 3.06(a). The Property Manager and the Special Servicer shall bear the cost of any premium payable in respect of any such blanket policy (other than blanket policies specifically obtained for
Properties or REO Properties) without right of reimbursement; provided, that if the Property Manager or the Special Servicer, as the case may be, causes any Property or REO Property to be covered by such blanket policy, the incremental costs
of such insurance applicable to such Property or REO Property shall constitute, and be reimbursable as, a Property Protection Advance to the extent that, except with respect to an REO Property, such blanket policy provides insurance that the related
Tenant or Borrower, as applicable, has failed to maintain. If the Property Manager or Special Servicer, as applicable, causes any Property or REO Property to be covered by a force-placed insurance policy, the incremental costs of such insurance
applicable to such Property or REO Property (which shall not include any minimum or standby premium payable for such policy whether or not any Property or REO Property is covered thereby) shall be paid as a Property Protection Advance. Such policy
may contain a deductible clause (not in excess of a customary amount) in which case the Property Manager or the Special Servicer, as appropriate, shall, if there shall not have been maintained on the related Property or REO Property a hazard
insurance policy complying with the requirements of Section 3.06(a) and there shall have been one or more losses that would have 

  
 49 

 
been covered by such policy, promptly deposit into the Collection Account from its own funds the amount not otherwise payable under the blanket policy in connection with such loss or losses
because of such deductible clause. The Property Manager or the Special Servicer, as appropriate, shall prepare and present, on behalf of itself, the Indenture Trustee and the applicable Issuer, claims under any such blanket policy in a timely
fashion in accordance with the terms of such policy. Any payments on such policy shall be made to the Property Manager as agent of and for the account of the applicable Issuer, the Noteholders and the Indenture Trustee. 

(c) Each of the Property Manager and the Special Servicer shall at all times during the term of this Agreement (or, in the case of the Special
Servicer, at all times during the term of this Agreement in which Specially Managed Units exist as part of the Collateral) keep in force with a Qualified Insurer having a claims paying ability rated at least “A:VIII” by
A.M. Best’s Key Rating Guide and at least “A” by S&P, a fidelity bond in such form and amount as would not adversely affect any rating assigned by any Rating Agency to the Notes (as evidenced in writing from each Rating
Agency). Each of the Property Manager and the Special Servicer shall be deemed to have complied with the foregoing provision if an Affiliate thereof has such fidelity bond coverage and, by the terms of such fidelity bond, the coverage afforded
thereunder extends to the Property Manager or the Special Servicer, as the case may be. Such fidelity bond shall provide that it may not be canceled without ten (10) days’ prior written notice to each Issuer. 

Each of the Property Manager and the Special Servicer shall at all times during the term of this Agreement (or, in the case of the Special
Servicer, at all times during the term of this Agreement in which Specially Managed Units exist as part of the Collateral) also keep in force with a Qualified Insurer having a claims-paying ability rated at least “A:VIII” by
A.M. Best’s Key Rating Guide and at least “A” by S&P, a policy or policies of insurance covering loss occasioned by the errors and omissions of its officers, employees and agents in connection with its servicing obligations
hereunder, which policy or policies shall name the Indenture Trustee as an additional insured and shall be in such form and amount as would not adversely affect any rating assigned by any Rating Agency to the Notes (as evidenced in writing from each
Rating Agency). Each of the Property Manager and the Special Servicer shall be deemed to have complied with the foregoing provisions if an Affiliate thereof has such insurance and, by the terms of such policy or policies, the coverage afforded
thereunder extends to the Property Manager or the Special Servicer, as the case may be. Any such errors and omissions policy shall provide that it may not be canceled without ten (10) days’ prior written notice to each Issuer. 

The Back-Up Manager (whether as Back-Up Manager, Property
Manager or Special Servicer) shall at all times during the term of this Agreement maintain insurance in conformity with market requirements and shall keep in force with a Qualified Insurer having a claims paying ability rated by at least one of the
following Rating Agencies of at least (a) “A3” by Moody’s Investor Services, Inc., (b) “A-” by S&P, (c) “A-” by Fitch Ratings Inc.
or (d) “A:X” by A.M. Best Company, Inc., (i) a fidelity bond (employee dishonesty insurance) in such form and amount as is consistent with the Servicing Standard, and (ii) a policy or policies of insurance covering loss
occasioned by the errors and omissions of its officers and employees in connection with its servicing obligations hereunder, which policy or policies shall be in such 

  
 50 

 
form and amount as is consistent with the Servicing Standard. The Back-Up Manager shall cause any awards or other amounts payable under such policy or
policies that result from the errors or omissions of its officers and employees in connection with its servicing obligations hereunder to be promptly remitted to the Indenture Trustee for application in accordance with the Indenture. The Back-Up Manager shall be deemed to have complied with the foregoing provision if an Affiliate thereof has such fidelity bond and/or errors and omissions coverage and, by the terms of such fidelity bond and/or errors
and omissions policy, the coverage afforded thereunder extends to the Property Manager or the Special Servicer, as the case may be. 
 Each
of the Property Manager and the Special Servicer shall at all times during the term of this Agreement (or, in the case of the Special Servicer, at all times during the term of this Agreement in which Specially Managed Units exist as part of the
Collateral) also, on behalf of each Issuer, keep in force with a Qualified Insurer having a claims-paying ability rated at least “A:VIII” by A.M. Best’s Key Rating Guide and at least “A” by S&P, a lessor’s
general liability insurance policy or policies, which policy or policies shall be in such form and amount as would not adversely affect any rating assigned by any Rating Agency to the Notes without giving effect to any Insurance Policy (as evidenced
in writing from each Rating Agency). Any such general liability insurance policy shall provide that it may not be canceled without ten (10) days’ prior written notice to each Issuer and the Indenture Trustee. Any payments on such policy
shall be made to the Property Manager as agent of and for the account of any applicable Issuer and the Indenture Trustee. 
 If the Property
Manager (or its corporate parent), the Special Servicer (or its corporate parent) or the Back-Up Manager (or its corporate parent), as applicable, are rated not lower than “A” by S&P, the
Property Manager, the Special Servicer or the Back-Up Manager, as applicable, may self-insure with respect to any insurance coverage or fidelity bond coverage required hereunder, in which case it shall not be
required to maintain an insurance policy with respect to such coverage; provided, that SCF Realty Capital may not self-insure with respect to any such insurance coverage or fidelity bond. 

Section 3.07 DSCR Reserve Account. 

On each Payment Date occurring during any DSCR Sweep Period, the Indenture Trustee shall deposit funds into the DSCR Reserve Account in
accordance with Sections 2.11(b) and 2.18 of the Indenture. The DSCR Reserve Account shall be an Eligible Account. The Property Manager shall deliver to the Indenture Trustee a calculation of the Monthly DSCR on or before each Remittance Date.
The Issuers grant to the Indenture Trustee a first-priority perfected security interest in the DSCR Reserve Account and any and all monies now or hereafter deposited in the DSCR Reserve Account as additional security for payment of the Notes. Until
disbursed or applied in accordance herewith, the DSCR Reserve Account shall constitute additional security for the Notes. Upon the occurrence of an Event of Default, the Indenture Trustee may, in addition to any and all other rights and remedies
available to the Indenture Trustee, apply any sums then present in the DSCR Reserve Account to the payment of the Notes in such order and priority as set forth in the Indenture. 

Section 3.08 Issuers, Custodian and Indenture Trustee to Cooperate; Release of Lease Files and Loan Files. 

  
 51 

 (a) If from time to time, and as appropriate for servicing of any Loan, Lease, assumption of a
Lease, modification of a Lease or the re-lease or sale of any Property, the Property Manager or the Special Servicer shall otherwise require the use of any Lease File or Loan File, as applicable (or any
portion thereof), the Custodian, upon written request of the Property Manager and receipt from the Property Manager of a Request for Release substantially in the form of Exhibit B-l
attached hereto signed by a Servicing Officer thereof, or upon request of the Special Servicer and receipt from the Special Servicer of a Request for Release substantially in the form of Exhibit B-2 attached hereto, shall release such Lease File or Loan File, as applicable (or portion thereof) to the Property Manager or the Special Servicer, as the case may be. Upon return of such Lease File or Loan
File, as applicable (or portion thereof) to the Custodian, or upon the Special Servicer’s delivery to the Indenture Trustee of an Officer’s Certificate stating that (i) such Lease has become a Liquidated Lease or such Loan has been
liquidated and all amounts received or to be received in connection with such Lease or Loan are required to be deposited into the Collection Account pursuant to Section 3.02(a) have been or will be so deposited or (ii) such Property or
Loan has been sold, a copy of the Request for Release shall be released by the Custodian to the Property Manager or the Special Servicer, as applicable. 

(b) Within seven (7) Business Days of the Special Servicer’s request therefor (or, if the Special Servicer notifies each Issuer and
the Indenture Trustee of an exigency, within such shorter period as is reasonable under the circumstances), each of the applicable Issuer and the Indenture Trustee shall execute and deliver to the Special Servicer, in the reasonable form supplied to
such Issuer and the Indenture Trustee by the Special Servicer, any court pleadings, leases, sale documents or other documents reasonably necessary to the re-lease, foreclosure or sale in respect of any Loan or
Property or to any legal action brought to obtain judgment against any Tenant or Borrower on the related Lease or Loan or to obtain a judgment against an Tenant or Borrower, or to enforce any other remedies or rights provided by the Lease or Loan or
otherwise available at law or in equity or to defend any legal action or counterclaim filed against such Issuer, the Property Manager or the Special Servicer; provided that each of such Issuer and the Indenture Trustee may alternatively
execute and deliver to the Special Servicer, in the form supplied to such Issuer and the Indenture Trustee by the Special Servicer, a limited power of attorney substantially in the form of Exhibit D issued in favor of the
Special Servicer and empowering the Special Servicer to execute and deliver any or all of such pleadings or documents on behalf of such Issuer or the Indenture Trustee, as the case may be, provided, however, that neither the applicable
Issuer nor the Indenture Trustee shall be held liable for any misuse of such power of attorney by the Special Servicer and the Special Servicer hereby agrees to indemnify such Issuer and the Indenture Trustee against, and hold such Issuer and the
Indenture Trustee harmless from, any loss or liability arising from any misuse of such power of attorney. Notwithstanding anything to the contrary, the Special Servicer shall not, without the Indenture Trustee’s written consent
(i) initiate any action, suit or proceeding solely under the Indenture Trustee’s name without indicating its representative capacity or (ii) take any action with the primary purpose of causing, and which actually does cause, the
Indenture Trustee to be registered to do business in any state. Together with such pleadings or documents (or such power of attorney empowering the Special Servicer to execute the same on behalf of such Issuer and the Indenture Trustee), the Special
Servicer shall deliver to each of such Issuer and the Indenture Trustee an Officer’s Certificate requesting that such pleadings or documents (or such power of attorney empowering the Special Servicer to execute the same on behalf of such Issuer
or the Indenture Trustee, as the case may be) be executed by such Issuer or the Indenture Trustee and certifying as to the reason such pleadings or documents are required. 

  
 52 

 Section 3.09 Property Management Compensation: Interest on Advances. 

(a) As compensation for its activities hereunder, the Property Manager shall be entitled to receive the Property Management Fee with respect to
each Property and Loan included in the Collateral Pool (excluding the Specially Managed Units, if any). The Property Management Fee with respect to any Property and Loan shall cease to accrue if the Property or Loan becomes a Specially Managed Unit.
The right to receive the Property Management Fee may not be transferred in whole or in part except in connection with the transfer of all of the Property Manager’s responsibilities and obligations under this Agreement. Earned but unpaid
Property Management fees shall be distributable monthly on the Payment Date by the Indenture Trustee from the Available Amount pursuant to Section 2.11(b) of the Indenture. 

(b) On each Payment Date, the Property Manager shall be entitled to receive, and the Indenture Trustee shall distribute to the Property Manager
from the Payment Account, all transaction, returned check fees, assumption, modification and similar fees and late payment charges received with respect to Loans and Properties that are not Specially Managed Units. The Property Manager will also be
entitled to any Default Interest collected on a Lease or Loan, but only to the extent that (i) such Default Interest is allocable to the period (not to exceed 60 days) when the related Property or Loan did not constitute a Specially
Managed Unit and (ii) such Default Interest is not allocable to cover interest payable to the Property Manager or the Indenture Trustee with respect to any Advances made in respect of the related Property or Loan. 

(c) As compensation for its activities hereunder, the Special Servicer shall be entitled to receive the Special Servicing Fee with respect to
each Specially Managed Unit. The Special Servicing Fee with respect to any Specially Managed Unit shall cease to accrue if (i) the related Property or Loan is sold or otherwise released from the lien of the related Mortgage, or (ii) such
Specially Managed Unit becomes a Corrected Unit. Earned but unpaid Special Servicing Fees shall be payable monthly on the Payment Date by the Indenture Trustee out of general collections on the Leases, Loans and the Properties on deposit in the
Payment Account pursuant to Section 2.11(b) of the Indenture. 
 The Special Servicer’s right to receive the Special Servicing Fee
may not be transferred in whole or in part except in connection with the transfer of all of the Special Servicer’s responsibilities and obligations under this Agreement. 

(d) On each Payment Date, the Special Servicer shall be entitled to receive, and the Indenture Trustee shall distribute to the Special Servicer
from the Payment Account, all returned check fees, assumption, modification and similar fees and late payment charges received on or with respect to the Specially Managed Units as Special Servicer Additional Servicing Compensation out of funds
available for such purpose pursuant to Section 2.11(b) of the Indenture. 

  
 53 

 (e) The Property Manager, Back-Up Manager and the Special
Servicer shall each be required to pay all ordinary expenses incurred by it in connection with its servicing activities under this Agreement, including fees of any subservicers retained by it; provided, however, that if Midland is the Back-Up Manager and assumes the role of Property Manager or Special Servicer hereunder, in accordance with the Servicing Standard and the terms of this Agreement it shall be permitted to engage third party valuation
experts and other consultants to conduct appraisals at the cost of the Issuers. As and to the extent permitted by Section 2.11(b) of the Indenture, the Property Manager and the Indenture Trustee shall each be entitled to receive interest at the
Reimbursement Rate in effect from time to time, accrued on the amount of each Advance and unreimbursed Extraordinary Expenses made by it for so long as such Advance is outstanding. 

(f) As compensation for its activities hereunder, the Back-Up Manager shall be entitled to receive the
monthly Back-Up Fee with respect to each Property and Loan included in the Collateral Pool. The right to receive the monthly Back-Up Fee may not be transferred in whole
or in part except in connection with the transfer of all of the Back-Up Manager’s responsibilities and obligations under this Agreement. Earned but unpaid Back-Up
Fees shall be payable monthly pursuant to Section 2.11(b) of the Indenture. 
 (g) A Workout Fee shall be payable to the Special
Servicer with respect to each Corrected Unit. As to each such Corrected Unit, the “Workout Fee” will be payable out of, and will be calculated by application of 0.50% to, each collection of rents and principal and interest
payments (other than any default interest) received on the related Lease or Loan, as applicable, so long as it remains a Corrected Unit; provided, that no Workout Fee will be payable from any Liquidation Proceeds collected in connection with
(i) the purchase of any Specially Managed Unit by the Property Manager or the Special Servicer or (ii) the repurchase of any Specially Managed Unit by the applicable Issuer or the Support Provider due to a Collateral Defect within the
period provided to cure such Collateral Defect. 
 Section 3.10 Property Inspections; Collection of Financial Statements; Delivery
of Certain Reports. 
 (a) The Property Manager shall obtain a physical inspection with respect to each Property (i) whose Weighted
Average FCCR is below 1.5x, on an annual basis, or (ii) with respect to which the Property Manager has received notice from the Tenant or has actual knowledge that the Tenant is a non-renewal or
termination risk, within a reasonable amount of time from receipt of such notice or knowledge. If a Lease or Loan becomes a Specially Managed Unit, the Special Servicer shall perform or obtain a physical inspection of the related Property within six
(6) months after such Property becomes a Specially Managed Unit. 
 (b) Following the completion of a physical inspection pursuant to
Section 3.10(a), if applicable, the Property Manager or the Special Servicer, as applicable, shall prepare a written report of each such inspection performed by it. Such written report prepared by the Property Manager or the Special Servicer or
written report obtain by the Property Manager or the Special Servicer, as applicable, shall set forth in detail the condition of the related Property and that specifies the condition of the related Property and the existence of (i) any sale,
transfer or abandonment of such Property, or (ii) any material change in the condition or value of such Property. The Special Servicer shall deliver to each Issuer, the Back-Up Manager, the Indenture
Trustee and the Property Manager a copy of each such written report prepared by it during each calendar quarter within 15 days of the completion of each such inspection. 

  
 54 

 (c) The Property Manager or Special Servicer, as applicable, shall receive reimbursement for
reasonable out-of-pocket expenses related to any Property inspections from the applicable Issuer pursuant to Section 2.11(b) of the Indenture. 

(d) The Special Servicer, in the case of any Specially Managed Unit, and the Property Manager, in the case of all other Leases and Loans, shall
make reasonable efforts to collect promptly from each related Tenant or Borrower and review annual and quarterly financial statements of such Tenant or Borrower and the Properties it operates as the same are required to be delivered by the Tenant or
Borrower to the applicable Issuer under its Lease or Loan. 
 Section 3.11 Statements as to Compliance. 

Each of the Property Manager and the Special Servicer shall deliver to the Issuers, the Indenture Trustee and, in the case of the Special
Servicer, the Property Manager, within sixty (60) days after the end of each April, August and December, beginning August 2017, an Officer’s Certificate stating, as to each signer thereof, that (i) a review of the activities of the
Property Manager and the Special Servicer throughout the preceding reporting period, and of its performance under this Agreement, has been made under such officer’s supervision, and (ii) to the best of such officer’s knowledge, based
on such review, the Property Manager or the Special Servicer, as the case may be, complied in all material respects throughout such period with the minimum servicing standards in this Agreement and fulfilled in all material respects throughout such
period its obligations under this Agreement or, if there was noncompliance with such standards or a default in the fulfillment of any such obligation in any material respect, such Officer’s Certificate shall include a description of such
noncompliance or specify each such default, as the case may be, known to such officer and the nature and status thereof. 

Section 3.12 Reports by Independent Public Accountants. 

On or before September 30 of each year, beginning September 30, 2017, each of the Property Manager and the Special Servicer, at its
expense, shall cause an independent, registered public accounting firm (which may also render other services to the Property Manager or the Special Servicer, as the case may be) to furnish to each Issuer and the Indenture Trustee and, in the case of
the Special Servicer, to the Property Manager a report containing such firm’s opinion that, on the basis of an examination conducted by such firm substantially in accordance with standards established by the American Institute of Certified
Public Accountants, the assertion made pursuant to Section 3.11 regarding compliance by the Property Manager or the Special Servicer, as the case may be, with the minimum servicing standards identified in the Uniform Single Attestation for
Mortgage Bankers (to the extent applicable to the servicing obligations set forth in this Agreement) during the preceding calendar year (or from the date hereof through August 30, 2017, in the case of the first such report) is fairly stated in
all material respects, subject to such exceptions and other qualifications that, in the opinion of such firm, such institute’s standards require it to report. In rendering such statement, such firm may rely, as to matters relating to direct
servicing of Leases and Loans by Sub-Managers, upon comparable reports for examinations conducted substantially in accordance with such institute’s standards (rendered within one year of such report) of
independent public accountants with respect to the related Sub-Managers. 

  
 55 

 Section 3.13 Access to Certain Information; Delivery of Certain Information. 

Each of the Property Manager and the Special Servicer shall afford to the other, to the Issuers, the Indenture Trustee, the Back-Up Manager and the Rating Agencies and to the Federal Deposit Insurance Corporation and any other banking or insurance regulatory authority that may exercise authority over any Noteholder or holder of Issuer
Interests, reasonable access to any documentation regarding the Leases, Loans and Properties and its servicing thereof within its control, except to the extent it is prohibited from doing so by applicable law, rule or regulation or contract or to
the extent such information is subject to a privilege under applicable law to be asserted on behalf of an Issuer, the Noteholders or the holders of Issuer Interests. Such access shall be afforded without charge but only upon reasonable prior written
request and during normal business hours at the offices of the Property Manager or the Special Servicer, as the case may be, designated by it. 

The Property Manager or the Special Servicer shall notify the Indenture Trustee and the Back-Up
Manager of any Property whose Tenant has ceased to exercise its business activity on such Property within 30 days of becoming aware of such a circumstance. 

Section 3.14 Management of REO Properties and Properties Relating to Defaulted Assets. 

(a) At any time that a Property is not subject to a Loan or a Lease or is subject to a Loan or a Lease that is a Defaulted Asset or with
respect to an REO Property, the Special Servicer’s decision as to how such Property or REO Property shall be managed and operated shall be based on the good faith and reasonable judgment of the Special Servicer as to the best interest of the
applicable Issuer and the Noteholders by maximizing (to the extent commercially feasible) the net after-tax revenues received by the applicable Issuer with respect to such property and, to the extent
consistent with the foregoing, in the same manner as would commercial loan and lease servicers and asset managers operating property comparable to the respective Property or REO Property under the Servicing Standard. The applicable Issuer, the
Indenture Trustee and the Special Servicer may consult with counsel at the expense of the applicable Issuer in connection with determinations required under this Section 3.14(a). None of the Indenture Trustee, the Property Manager or the
Special Servicer shall be liable to any Issuer, the Noteholders, the other parties hereto or each other, nor shall any Issuer be liable to any Noteholders or to the other parties hereto, for errors in judgment made in good faith in the exercise of
their discretion while performing their respective responsibilities under this Section 3.14(a). Nothing in this Section 3.14(a) is intended to prevent the sale or release of a Property or REO Property pursuant to the terms and conditions
contained elsewhere in this Agreement. 
 (b) With respect to any Property not subject to a Loan or a Lease and any REO Property, the Special
Servicer shall manage, conserve, protect and operate such Property or REO Property for the benefit of the Issuers in accordance with the Servicing Standard. Subject to the foregoing, however, the Special Servicer shall have full power and authority
to do any and 

  
 56 

 
all things in connection therewith as are consistent with the Servicing Standard and, consistent therewith, shall direct that the Property Manager make, and the Property Manager shall make,
Property Protection Advances, or pay Emergency Property Expenses from funds on deposit in the Collection Account, necessary for the proper operation, management, maintenance and disposition of such Property or REO Property, including: 

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

(ii) all real estate and personal property taxes and assessments in respect of such Property or REO Property that may result in
the imposition of a lien thereon (including taxes or other amounts that could constitute liens prior to or on parity with the lien of the related Mortgage); 

(iii) any Ground Lease rent payments in respect of such Property or REO Property; and 

(iv) all costs and expenses necessary to maintain, lease, sell, protect, manage, operate and restore such Property or REO
Property. 
 Notwithstanding the foregoing, the Property Manager shall have no obligation to make any such Property Protection Advance if (as evidenced by
an Officer’s Certificate delivered to the applicable Issuer and the Indenture Trustee) the Property Manager determines, in accordance with the Servicing Standard, that such payment would be a Nonrecoverable Advance. The Special Servicer shall
submit requests to make Property Protection Advances to the Property Manager not more than once per month unless the Special Servicer determines on an emergency basis in accordance with the Servicing Standard that earlier payment is required to
protect the interests of each Issuer and the Noteholders. 
 (c) If title to any REO Property is acquired by the Special Servicer on behalf
of an Issuer, the deed or certificate of sale shall be issued to the applicable Issuer and the Property Manager shall deliver to the applicable Rating Agency, the Indenture Trustee and the Issuers an amended Owned Property Schedule and Loan Schedule
reflecting the removal of the related Loan from the Collateral Pool and the addition of any related Property to the Collateral Pool. Upon acquisition of such REO Property, the Special Servicer shall, if any amounts remain due and owing under the
related Mortgage Note, cause the applicable Issuer to execute and deliver to the Indenture Trustee a new Mortgage (along with appropriate Financing Statements), as applicable, in favor of the Indenture Trustee to secure the lien of the Indenture.
The Special Servicer shall remit to the Property Manager for deposit in the Collection Account or Release Account, as applicable, upon receipt, all REO Revenues, Insurance Proceeds and Liquidation Proceeds received in respect of an REO Property.

 Section 3.15 Release, Sale and Exchange of Defaulted Assets and Terminated Lease Properties. 

(a) Subject to any additional requirements set forth in any applicable Series Supplement, the Property Manager, the Special Servicer and the
applicable Issuer may sell or purchase, or permit the release, sale or purchase of, a Loan or Property only on the terms and subject to the conditions set forth in this Section 3.15 and Section 7.08 or as otherwise expressly provided in or
contemplated by Section 2.04 and Article VII or elsewhere in this Agreement and the Master Exchange Agreement. 

  
 57 

 (b) The Special Servicer and the Property Manager, as applicable, shall exercise reasonable
efforts, to the extent consistent with the Servicing Standard, to enforce remedies with respect to a Defaulted Asset, including, without limitation, the commencement and prosecution of any eviction or foreclosure proceedings, as to which no
satisfactory arrangements can be made for collection of delinquent payments. In the event any Property becomes a Terminated Lease Property or an Issuer obtains title to a REO Property, the Special Servicer shall use reasonable efforts, consistent
with the Servicing Standard, to (i) with respect to such Terminated Lease Property, attempt to induce another Tenant to assume the obligations under the existing Lease, with or without modification, (ii) lease the Terminated Lease Property
or REO Property under a new Lease on economically desirable terms or (iii) dispose of such Property or REO Property. The decision to enter into a lease assumption or re-lease the Terminated Lease Property
or REO Property shall be made by the Special Servicer in accordance with the Servicing Standard. The Special Servicer shall pay all costs and expenses (other than costs or expenses that would, if incurred, constitute a Nonrecoverable Advance)
incurred by it in connection with the foregoing as a Property Protection Advance, and shall be entitled to reimbursement therefor as provided herein. If the Special Servicer is successful in leasing the Terminated Lease Property or REO Property, a
new Appraised Value will be obtained by the Special Servicer for the Terminated Lease Property or REO Property in the Special Servicer’s discretion, and the costs of any such appraisal shall be a Property Protection Advance. If the Special
Servicer leases any Terminated Lease Property or REO Property, the Property Manager shall deliver to the applicable Rating Agency, the Indenture Trustee and the Issuers an amended Owned Property Schedule reflecting the addition of such Lease to the
Collateral Pool. Monthly Lease Payments on the modified or new Lease will be applied pursuant to the Indenture. 
 (c) If the Lease has not
been assumed or the Terminated Lease Property or REO Property has not been leased to a new tenant and the Terminated Lease Property or REO Property has not been released from the lien of the Mortgage pursuant to Section 3.15(h) below within
twenty-four (24) months of becoming a Terminated Lease Property or REO Property, the Special Servicer may offer to sell the Terminated Lease Property or REO Property pursuant to this Section 3.15, for a fair price, free and clear of the
lien of the related Mortgage, if and when the Special Servicer determines, consistent with the Servicing Standard, that such a sale would be in the best interests of the Noteholders. No Interested Person shall be obligated to submit a bid to
purchase any such Terminated Lease Property or REO Property. The Liquidation Proceeds shall be deposited into the Collection Account and applied as set forth herein. 

(d) If and when the Special Servicer deems it necessary and prudent for purposes of establishing a fair price for any Terminated Lease Property
or REO Property for purposes of conducting a sale of such Terminated Lease Property or REO Property pursuant to subsection (c) above, the Special Servicer is authorized to have an appraisal conducted by an Independent MAI-designated appraiser or other expert (the cost of which appraisal shall constitute a Property Protection Advance). 

  
 58 

 (e) Whether any cash bid constitutes a fair price for any Terminated Lease Property or REO
Property for purposes of Section 3.15(c) shall be determined by the Special Servicer or, if such cash bid is from an Interested Person, by the Indenture Trustee or, if the expected Liquidation Proceeds with respect to such Terminated Lease
Property or REO Property would be insufficient to provide reimbursement for all unreimbursed Advances made with respect to the subject Terminated Lease Property or REO Property, together with any related Advance Interest thereon, by the Property
Manager. In determining whether any bid received from an Interested Person represents a fair price for any Terminated Lease Property or REO Property, the Indenture Trustee shall be supplied with and may conclusively rely on the most recent appraisal
conducted in accordance with Section 3.15(d) within the preceding 12-month period or, in the absence of any such appraisal, on a narrative appraisal prepared by an Independent MAI-designated appraiser or other expert retained by the Special Servicer, at Issuer’s cost or as a Property Protection Advance. Such appraiser shall be selected by the Special Servicer if the Special Servicer
is not bidding with respect to a Terminated Lease Property or REO Property and shall be selected by the Property Manager if the Special Servicer is bidding, provided that if the Property Manager and the Special Servicer are the same Person and such
Person is bidding, then such appraiser shall be selected by the Indenture Trustee. In determining whether any bid constitutes a fair price for any such Terminated Lease Property or REO Property, the Special Servicer, the Indenture Trustee (if
applicable) or the Property Manager, as applicable, shall take into account, among other factors, the occupancy status and physical condition of the Terminated Lease Property or REO Property, the state of the local economy, and, with respect to
Terminated Lease Properties, the period and amount of any delinquency on the effected Lease. In connection therewith, the Special Servicer may charge prospective bidders fees that approximate the Special Servicer’s actual costs in the
preparation and delivery of information pertaining to such sales or evaluating bids without obligation to deposit such amounts into the Collection Account. 

(f) The Special Servicer shall act on behalf of the applicable Issuer and the Indenture Trustee in negotiating and taking any other action
necessary or appropriate in connection with the sale of any Terminated Lease Property or REO Property and the collection of all amounts payable in connection therewith. The Special Servicer shall take such actions as it determines in accordance with
the Servicing Standard will be in the best interests of the applicable Issuer and the Indenture Trustee on behalf of the Noteholders. Any sale of a Terminated Lease Property or REO Property shall be free and clear of the lien of the Indenture and
shall be final and without recourse to the applicable Issuer or the Indenture Trustee. If such sale is consummated in accordance with the terms of this Agreement, none of the Property Manager, the Special Servicer or the Indenture Trustee shall have
any liability to any Issuer or any Noteholder with respect to the purchase price therefor accepted by the Property Manager, the Special Servicer or the Indenture Trustee, as the case may be. 

(g) The Special Servicer shall accept the first (and, if multiple bids are received contemporaneously, highest) cash bid received from any
Person that constitutes a fair price for such Terminated Lease Property or REO Property. Notwithstanding the foregoing, the Special Servicer shall not be obligated to accept the highest cash bid if the Special Servicer determines, in accordance with
the Servicing Standard, that rejection of such bid would be in the best interests of the Noteholders, and the Special Servicer may accept a lower cash bid if it determines, in accordance with the Servicing Standard, that acceptance of such bid would
be in the best interests of the Noteholders (for example, if the prospective buyer making the lower bid is more likely to perform its obligations or the terms offered by the prospective buyer making the lower bid are more favorable). 

  
 59 

 (h) At any time that a Terminated Lease Property or REO Property has not already been sold or
leased pursuant to the terms hereof, the related Issuer may at its option (i) release the lien of the Indenture and the related Mortgage from such Terminated Lease Property or REO Property pursuant to Section 7.04 or (ii) exchange one
or more Qualified Substitute Properties for the subject Terminated Lease Property or REO Property or Qualified Substitute Loans for the subject Loan pursuant to Section 7.01. 

(i) The Special Servicer shall, and is hereby authorized and empowered by the Issuers and the Indenture Trustee to, prepare, execute and
deliver in its own name, on behalf of the Issuers and the Indenture Trustee or any of them, the endorsements, assignments and other documents necessary to effectuate a sale of a Terminated Lease Property or REO Property pursuant to this
Section 3.15, and the Issuers and the Indenture Trustee shall execute and deliver any limited powers of attorney substantially in the form of Exhibit D necessary to permit the Special Servicer to do so;
provided, however, that none of the Issuers, the Issuer Members or the Indenture Trustee shall be held liable for any misuse of any such power of attorney by the Special Servicer and the Special Servicer hereby agrees to indemnify the
Issuers, the Issuer Members and the Indenture Trustee against, and hold the Issuers, the Managers and the Indenture Trustee harmless from, any loss or liability arising from any misuse in the exercise of such power of attorney. 

(j) The Special Servicer shall give the applicable Rating Agencies, the applicable Issuer, the Indenture Trustee and the Property Manager not
less than five (5) Business Days’ prior written notice of its intention to sell any Terminated Lease Property or REO Property pursuant to this Section 3.15. 

Section 3.16 Renewals, Modifications, Waivers, Amendments; Consents and Other Matters. 

(a) The applicable Issuer and the Property Manager may enter into renewals of Leases and new Leases that provide for rental rates comparable to
existing local market rates and are on commercially reasonable terms. All Leases executed after the Initial Closing Date shall provide that they are subordinate to the Mortgage encumbering the applicable Property and that the lessee agrees to attorn
to the Indenture Trustee or any purchaser at a sale by foreclosure or power of sale. The Property Manager shall observe and perform the obligations imposed upon the lessor under the Leases in accordance with the Servicing Standard. The applicable
Issuer shall execute and deliver, or cause to be executed and delivered, at the request of any party hereto all such further assurances, confirmations and assignments in connection with the Leases as may be required by such party. 

(b) Except as specifically set forth herein, neither the applicable Issuer nor the Property Manager (i) shall amend or modify in any
material respect, or terminate (other than in connection with a bona fide default by the Tenant or Borrower thereunder beyond any applicable notice or grace period or with respect to Lease Transfer Properties) any Lease or Loan;
provided, 

  
 60 

 
however, a reduction in rent with respect to a Lease will not be deemed to be a material modification if (A) the Monthly Lease Payment following such reduction is consistent with
market prices for similar leases, (B) such reduction is in exchange for an extended lease term and (C) the Property Manager reasonably determines that such modification will not materially and adversely affect the interests of the
applicable Issuer, (ii) unless permitted by the related Lease or Loan and remitted and initiated thereunder by the related Tenant or Borrower, shall not collect any rents or principal or interest more than one (1) month in advance (other
than security deposits), and (iii) shall not execute any other assignment of lessor’s interest in the Leases or the rents or the related Issuer’s interest in the Loan (except as contemplated by the Transaction Documents or the Leases
or Loans, as applicable). 
 (c) Notwithstanding the foregoing: 

(i) Each of the Property Manager and the Special Servicer may, consistent with the Servicing Standard, agree to any
modification, waiver or amendment of any term of, forgive any payment on, and permit the release of the Tenant or Borrower on or any Lease Guarantor or Loan Guarantor, and approve of the assignment of a Tenant’s interest in its Lease or
Borrower’s interest in its Loan or the sublease of all or a portion of a Property (each, an “Amendment”) without the consent of the applicable Issuer, the Indenture Trustee, the
Back-Up Manager, any Noteholder or any other Person, provided that the Property Manager certifies to the Indenture Trustee that: 

(A) such Amendment is entered into for a commercially reasonable purpose in an
arm’s-length transaction on market terms; and 
 (B) subject to the provisions
below, such Amendment shall not cause the Monthly DSCR to be less than 1.35; and 
 (C) in the reasonable judgment of the
Property Manager and the Special Servicer, as the case may be, such Amendment is in the best interest of the Noteholders and (other than in connection with a Tenant or Borrower default or with respect to Lease Transfer Properties) will not have an
adverse effect on the Collateral Value of the related Property or Loan. 
 Any Amendment that would cause the Monthly DSCR to
fall below 1.35 shall require the approval of the Property Manager, if the Property Manager is not also the Special Servicer, in accordance with the Servicing Standard after notice thereof to the Indenture Trustee and
Back-Up Manager. In the event that Property Manager shall fail to respond to any request for approval hereunder within such ten (10) Business Day period, the applicable Issuer may send a second notice,
which shall state in capitalized, bold faced 16 point type at the top of the first page that: “If the Property Manager fails to approve or disapprove the proposed Amendment within ten (10) Business Days, the Amendment shall be deemed
approved”, and if the Property Manager shall fail to respond to such second request within such ten (10) Business Day period, the Amendment shall be deemed approved by the Property Manager.” 

  
 61 

 (ii) Any Amendment in connection with a bona fide default by the Tenant or
Borrower shall not be subject to the foregoing terms of this Section 3.16. Regardless of whether any Amendment is material or not, the Property Manager will give the Indenture Trustee prompt written notice thereof and shall indicate whether
such action is being taken pursuant to the preceding sentence and upon request will deliver a copy of any documents executed in connection therewith to the Rating Agencies and the Indenture Trustee. 

(iii) To the extent that the applicable Issuer is not entitled, under the terms of any Lease or Loan, to withhold its consent
to an assignment, subletting or assumption thereunder, the granting of such consent shall not be restricted by this Section 3.16. 

(iv) The limitations, conditions and restrictions set forth in Section 3.16(c)(i) above shall not apply to any Lease or
Loan with respect to which there exists a bona fide default by the related Tenant or Borrower, any Amendment or other action with respect to any Lease or Loan that is required under the terms of such Lease or Loan or that is solely within the
control of the related Tenant or Borrower. 
 (v) Neither the Property Manager nor the Special Servicer shall be required to
oppose the confirmation of a plan in any bankruptcy or similar proceeding involving a Tenant or Borrower if in their reasonable and good faith judgment such opposition would not ultimately prevent the confirmation of such plan or one substantially
similar. 
 (vi) The limitations, conditions and restrictions set forth in Section 3.16(c)(i) above shall not apply to
the Property Manager’s or the Special Servicer’s ability to terminate a Lease or Loan in accordance with the terms thereof. 
 (d)
The Property Manager and the Special Servicer shall have no liability to the Issuers, the Indenture Trustee, the Noteholders or to any other Person if its analysis and determination that the Amendment or other action contemplated by
Section 3.16(c) would not materially reduce the likelihood of timely payment of amounts due thereon, or that such Amendment or other action is reasonably likely to produce a greater recovery to the related Issuer on a present value basis than
would liquidation, should prove to be wrong or incorrect, so long as the analysis and determination were made on a reasonable basis in accordance with the Servicing Standard in good faith by the applicable Issuer, the Property Manager or the Special
Servicer, as the case may be. 
 (e) The Property Manager and the Special Servicer each may, as a condition to its granting any request by a
Tenant or Borrower for consent, modification, waiver or indulgence or any other matter or thing, the granting of which is within the Property Manager’s or Special Servicer’s, as the case may be, discretion pursuant to the terms of the
instruments evidencing or securing the related Lease or Loan and is permitted by the terms of this Agreement, require that such Tenant or Borrower, to the extent permitted by the subject Lease or Loan, or, if not so permitted, the related Issuer,
pay to the Property Manager or Special Servicer, as applicable, as additional servicing compensation a reasonable or customary fee for the additional services performed in connection with such request, together with any related costs and expenses
incurred by it. 

  
 62 

 (f) All modifications, waivers, amendments and other actions entered into or taken in respect of
a Lease or Loan pursuant to this Section 3.16 shall be in writing. Each of the Property Manager and the Special Servicer shall notify the other such party and each Issuer, the Back-Up Manager, the
applicable Rating Agencies and the Custodian, in writing, of any modification, waiver, amendment or other action entered into or taken in respect of any Lease or Loan pursuant to this Section 3.16 and the date thereof, and shall deliver to the
Custodian for deposit in the related Lease File or Loan File an original counterpart of the agreements relating to such modification, waiver, amendment or other action, promptly (and in any event within 10 Business Days) following the execution
thereof. In addition, following any Amendment or other action agreed to by the Property Manager or the Special Servicer pursuant to Section 3.16(c) above, the Property Manager or the Special Servicer, as the case may be, shall deliver to each
Issuer, to the Indenture Trustee and, in the case of the Special Servicer, to the Property Manager, an Officer’s Certificate certifying compliance with such subsection (c). 

(g) From time to time, subject to the Servicing Standard, the Property Manager or Special Servicer, as applicable, shall be entitled (on behalf
of the Issuer and the Indenture Trustee) to release an immaterial portion of any Property that it is then administering from the lien of the Indenture and the Mortgage (and simultaneously release the Issuer’s interest in such portion of such
Property) or consent to, or make, an immaterial modification with respect to any Property that it is then administering; provided, that, such Property Manager or Special Servicer shall have delivered an Officer’s Certificate to the
Indenture Trustee (upon which the Indenture Trustee shall be entitled to conclusively rely) that it reasonably believes that such release or modification (both individually and collectively with any other similar releases or modifications with
respect to such Property) will not materially adversely affect (i) the Appraised Value of such Property or (ii) the Noteholders’ or the holders’ of the Related Series Notes interests in such Property. Following the Indenture
Trustee’s receipt of such Officer’s Certificate, the Indenture Trustee shall execute and deliver such instruments of release, transfer or assignment, in each case without recourse, as shall be provided to it and are reasonably necessary to
effect such release or modification. 
 Section 3.17 Transfer of Servicing Between Property Manager and Special Servicer; Record
Keeping. 
 (a) Upon determining that a Servicing Transfer Event has occurred with respect to any Lease or Loan and if the Property
Manager is not also the Special Servicer, the Property Manager shall immediately give notice thereof, and shall deliver the related Servicing File, to the Special Servicer, the Indenture Trustee and the
Back-Up Manager and shall provide the Special Servicer with all information, documents (or copies thereof) and records (including records stored electronically on computer tapes, magnetic discs and the like)
relating to such Lease or Loan and reasonably requested by the Special Servicer to the extent in Property Manager’s possession, to enable it to assume its functions hereunder with respect thereto without acting through a Sub-Manager. The Property Manager shall use its best efforts to comply with the preceding sentence within five (5) Business Days of its receipt of Special Servicer’s request following the occurrence of
each related Servicing Transfer Event. 

  
 63 

 Upon determining that a Specially Managed Unit has become a Corrected Unit and if the Property
Manager is not also the Special Servicer, the Special Servicer shall immediately give notice thereof, and shall return the related Servicing File, to the Property Manager and, upon giving such notice and returning such Servicing File, to the
Property Manager, (i) the Special Servicer’s obligation to service such Lease or Loan shall terminate, (ii) the Special Servicer’s right to receive the Special Servicing Fee with respect to such Lease or Loan, shall terminate and
(iii) the obligations of the Property Manager to service and administer such Lease or Loan shall resume, in each case, effective as of the first day of the following calendar month. 

(b) In servicing any Specially Managed Unit, the Special Servicer shall provide to the Custodian, for the benefit of the Indenture Trustee,
originals of documents included within the definition of “Lease File” for inclusion in the related Lease File and “Loan File” for inclusion in the related Loan File (with a copy of each such original to the Property Manager), and
copies of any additional related Lease and Loan information, including correspondence with the related Tenant or Borrower. 
 (c)
Notwithstanding anything in this Agreement to the contrary, in the event that the Property Manager and the Special Servicer are the same Person, all notices, certificates, information and consents required to be given by the Property Manager to the
Special Servicer or vice versa shall be deemed to be given without the necessity of any action on such Person’s part. 

Section 3.18 Sub-Management Agreements. 

(a) The Property Manager and the Special Servicer may enter into Sub-Management Agreements to provide
for the performance by third parties of any or all of their respective obligations hereunder; provided, that, in each case, the Sub-Management Agreement: (i) is consistent with this Agreement in
all material respects and requires the Sub-Manager to comply with all of the applicable conditions of this Agreement; (ii) provides that if the Property Manager or the Special Servicer, as the case may
be, shall for any reason no longer act in such capacity hereunder (including by reason of a Servicer Replacement Event), the Back-Up Manager (or if the Back-Up Manager
is then terminated and another successor has not been named, the Indenture Trustee) may thereupon assume all of the rights and, except to the extent they arose prior to the date of assumption, obligations of the Property Manager or the Special
Servicer, as the case may be, under such agreement or, alternatively, may terminate such Sub-Management Agreement without cause and without payment of any penalty or termination fee; (iii) provides that
each Issuer, the Back-Up Manager, the Indenture Trustee, the other parties hereto and, as and to the extent provided herein, the third party beneficiaries hereof shall be third party beneficiaries under such
agreement, but that (except to the extent the Indenture Trustee, Back-Up Manager or their respective designees assume the obligations of the Property Manager or the Special Servicer, as the case may be,
thereunder as contemplated by the immediately preceding clause (ii) and, in such case, only from the date of such assumption) none of any Issuer, the Indenture Trustee, the Back-Up Manager, any other
party hereto, any successor Property Manager or Special Servicer, as the case may be, any Noteholder or holder of Issuer Interests or any other third party beneficiary hereof shall have any duties under such agreement or any liabilities arising
therefrom; (iv) permits any purchaser of a Property or Loan pursuant to this Agreement to terminate such agreement with respect to such purchased Property or Loan at its option and without penalty; (v) does not permit the Sub-Manager to enter into or consent to any modification, waiver or amendment or otherwise take any action on behalf of the Property 

  
 64 

 
Manager or Special Servicer, as the case may be, contemplated by Section 3.16 hereof without the written consent of the Property Manager or Special Servicer, as the case may be; and
(vi) does not permit the Sub-Manager any rights of indemnification that may be satisfied out of the Collateral (it being understood that any Sub-Manager shall be
entitled to recover amounts in respect of Property Protection Advances as described in the following paragraph). In addition, each Sub-Management Agreement entered into by the Property Manager shall provide
that such agreement shall terminate with respect to any Lease and Property, and Loan serviced thereunder at the time such Property or Loan becomes a Specially Managed Unit, and each Sub-Management Agreement
entered into by the Special Servicer shall relate only to Specially Managed Units and shall terminate with respect to any such Property or Loan that ceases to be a Specially Managed Unit. 

The Property Manager and the Special Servicer shall each deliver to each Issuer and the Indenture Trustee copies of all Sub-Management Agreements, and any amendments thereto and modifications thereof, entered into by it promptly upon its execution and delivery of such documents. References in this Agreement to actions taken or to be
taken by the Property Manager or the Special Servicer include actions taken or to be taken by a Sub-Manager on behalf of the Property Manager or the Special Servicer, as the case may be, and in connection
therewith, all amounts advanced by any Sub-Manager to satisfy the obligations of the Property Manager or Special Servicer hereunder to make Advances shall be deemed to have been advanced by the Property
Manager or Special Servicer out of its own funds and, accordingly, such Advances shall be recoverable by such Sub-Manager in the same manner and out of the same funds as if such
Sub-Manager were the Property Manager or Special Servicer. For so long as they are outstanding, Advances shall accrue Advance Interest in accordance with Sections 3.09(e), such interest to be allocable
between the Property Manager and such Sub-Manager as they may agree. For purposes of this Agreement, the Property Manager and the Special Servicer each shall be deemed to have received any payment, and shall
be obligated to handle such payment in accordance with the terms of this Agreement, when a Sub-Manager retained by it receives such payment. The Property Manager and the Special Servicer each shall notify the
other, each Issuer, the Indenture Trustee and the Back-Up Manager in writing promptly of the appointment by it of any Sub-Manager. 

(b) The Property Manager shall have determined to its commercially reasonable satisfaction that each
Sub-Manager shall be authorized to transact business, and shall have obtained all necessary licenses and approvals, in each jurisdiction in which the failure to be so authorized or qualified or to have
obtained such licenses would adversely affect its ability to carry out its obligations under the Sub-Management Agreement to which it is a party. 

(c) The Property Manager and the Special Servicer, for the benefit of each Issuer, shall (at no expense to an Issuer or the Indenture Trustee)
monitor the performance and enforce the obligations of their respective Sub-Managers under the related Sub-Management Agreements. Such enforcement, including the legal
prosecution of claims, termination of Sub-Management Agreements in accordance with their respective terms and the pursuit of other appropriate remedies, shall be in such form and carried out to such an extent
and at such time as the Property Manager or the Special Servicer, as applicable, in its good faith and reasonable judgment, would require were it the owner of the Properties and Loans. Subject to the terms of the related Sub-Management Agreement, the Property Manager and the Special Servicer shall each have the right to (in its sole discretion and without the consent of any other person remove a
Sub-Manager retained by it at any time it considers such removal to be in the best interests of each Issuer. 

  
 65 

 (d) If the Property Manager or the Special Servicer ceases to serve as such under this Agreement
for any reason (including by reason of a Servicer Replacement Event) and no successor Property Manager or Special Servicer, as the case may be, has succeeded to its rights and assumed its obligations hereunder or, in the case of the Special
Servicer, no replacement Special Servicer has been designated pursuant to Section 5.06, so long as the Back-Up Manager is appointed as Property Manager and Special Servicer, as applicable, pursuant to
Section 6.02, the Back-Up Manager shall succeed to the rights and assume the obligations of the Property Manager or the Special Servicer under any Sub-Management
Agreement, unless the Back-Up Manager or the Indenture Trustee elects to terminate any such Sub-Management Agreement in accordance with its terms. In any event, if a Sub-Management Agreement is to be assumed by the Back-Up Manager, then the Property Manager or the Special Servicer, as applicable, at its expense shall, upon request of the Back-Up Manager or the Indenture Trustee, deliver to the Back-Up Manager all documents and records relating to such Sub-Management
Agreement and the Properties and the Loans then being serviced thereunder and an accounting of amounts collected and held on behalf of it thereunder, and otherwise use its commercially reasonable efforts to effect the orderly and efficient transfer
of the Sub-Management Agreement to the assuming party. 
 (e) Notwithstanding any Sub-Management Agreement, the Property Manager and the Special Servicer shall remain obligated and liable to each Issuer, the Noteholders, the Indenture Trustee and each other for the performance of their respective
obligations and duties under this Agreement in accordance with the provisions hereof to the same extent and under the same terms and conditions as if each alone were servicing and administering the Loans, the Properties and Leases for which it is
responsible. 
 (f) The Property Manager or the Special Servicer, as applicable, will be solely liable for all fees owed by it to any Sub-Manager, irrespective of whether its compensation pursuant to this Agreement is sufficient to pay such fees, and in no event shall such Sub-Manager have any claim against
the Collateral with respect to such fees. 
 Section 3.19 Casualty. 

An Issuer shall promptly give the Indenture Trustee and the Property Manager written notice in the event that any Property or Improvements
thereon is materially damaged or destroyed, in whole or in part, by fire or other casualty (an “Insured Casualty”) and shall deliver to the Indenture Trustee and the Property Manager copies of any and all papers served upon
such Issuer in connection with such Insured Casualty. Following the occurrence of an Insured Casualty, the Property Manager shall, in its sole discretion and in accordance with the Servicing Standard, either (i) direct the Indenture Trustee to
make all proceeds received under the related Property Insurance Policy available to the applicable Issuer for the purposes of restoring, repairing, replacing or rebuilding to the extent required by the related Loan Documents or Lease Documents, or
(ii) deposit or cause to be deposited such proceeds into the Collection Account to be applied in accordance with the Indenture; provided, that Excess Proceeds will instead be deposited into the Release Account (the amounts specified in
this clause (ii), the “Insurance Proceeds”). 

  
 66 

 Section 3.20 Condemnation. 

(a) An Issuer shall promptly give the Indenture Trustee and the Property Manager written notice of the actual or threatened commencement of any
condemnation or eminent domain proceeding of which such Issuer receives notice (a “Condemnation”) and shall deliver to the Indenture Trustee and the Property Manager copies of any and all papers served upon such Issuer in
connection with such Condemnation. Following the occurrence of a Condemnation, the Property Manager shall, in its sole discretion and in accordance with the Servicing Standard, either (i) direct the Indenture Trustee to make all proceeds
received in connection with such Condemnation available to the applicable Issuer for the purposes of restoring, repairing, replacing or rebuilding the Property or portion thereof subject to Condemnation in accordance with Section 3.20(b), or
(ii) deposit or cause to be deposited such amounts into the Collection Account to be applied in accordance with the Indenture; provided, that Excess Proceeds will instead be deposited into the Release Account (the amounts specified in
this clause (ii), the “Condemnation Proceeds”). 
 (b) If proceeds received in connection with a Condemnation or
Insured Casualty are made available to an Issuer in accordance with Section 3.20(a), such Issuer shall promptly cause the related Tenant or Borrower to restore, repair, replace or rebuild the related Property in accordance with the terms of the
related Lease Documents or Loan Documents. 
 Section 3.21 Separateness Provisions. 

SCF Realty Capital, as the Member and Manager of each Issuer, and as Property Manager hereunder, shall comply in all material respects with
(i) the operating requirements set forth in Section 4.02 of the each Issuer LLC Agreement and (ii) the factual statements and representations relating to SCF Realty Capital set forth in the Weil Nonconsolidation Opinion under
“ASSUMPTIONS OF FACT”, including, without limitation, subsection (B) thereof and in each case, shall conduct all of its duties and obligations hereunder in a manner that is consistent with each such representation, warranty and
requirement. 
 Section 3.22 Estoppels. 

The Property Manager shall deliver or cause to be delivered to the Indenture Trustee, promptly upon request but in no event later than twenty
(20) days following receipt by Property Manager of such estoppel, from each applicable Issuer, certifications, duly acknowledged and certified, setting forth (i) the original Series Principal Balance of each Series of Notes, (ii) the
outstanding Series Principal Balance of each Series of Notes, (iii) the applicable Note Rate of each Class of Notes in each Series, (iv) the last Payment Date, (v) any offsets or defenses to the payment of the Notes, if any, and
(vi) that the Notes, this Indenture, the Mortgages, the organizational documents of such Issuer and the other Transaction Documents are valid, legal and binding obligations and have not been modified or, if modified, giving particulars of such
modification. 

  
 67 

 Section 3.23 Environmental Matters. 

(a) So long as an Issuer owns or is in possession of each Property or Loan, each such Issuer shall, or shall cause the Property Manager to,
promptly notify the Indenture Trustee in writing if such Issuer or the Property Manager shall become aware of the presence of any hazardous and/or toxic, dangerous and/or regulated, substances, wastes, materials, raw materials which include
hazardous constituents, pollutants or contaminants including without limitation, petroleum, tremolite, anthlophylie, actinolite or polychlorinated biphenyls and any other substances or materials which are included under or regulated by Environmental
Laws (collectively, “Hazardous Substances”) to the extent that such Hazardous Substances are in violation of any Environmental Law. If such Issuer or the Property Manager shall become aware that any such Property is in direct
violation of any Environmental Laws or if such Issuer or the Property Manager shall become aware of any condition on or near any such Property which violates any Environmental Laws, in each case the Property Manager shall cause such Issuer to cure
such violations of such Environmental Law as shall be reasonably required by the Property Manager in accordance with reasonable commercial lending standards and practices, at such Issuer’s sole expense. Notwithstanding anything to the contrary
in this paragraph, each such Issuer and its related Tenants or Borrowers may use and store Hazardous Substances at each Property if such use or storage is in connection with the ordinary operation, cleaning and maintenance of each Property so long
as such use and storage is in compliance with any applicable Environmental Laws. Nothing herein shall prevent such Issuer from recovering such expenses from any other party that may be liable for such removal or cure. 

(b) Each Issuer shall, or shall cause the Property Manager to, give prompt written notices to the Indenture Trustee and the Property Manager,
as the case may be, of any of the following: (i) any demand, notice of any violation, notice of any potential responsibility, proceeding or official inquiry by any Governmental Authority with respect to the presence of any Hazardous Substance
or asbestos or any substance or material containing asbestos (“Asbestos”) on, under, from or about any Property; (ii) all claims made by any third party against such Issuer or any Property relating to any loss or injury
resulting from any Hazardous Substance or Asbestos; and (iii) such Issuer’s or the Property Manager’s discovery of any occurrence or condition on any real property adjoining or in the vicinity of any Property, in each case, that
causes such Property to be subject to any official investigation or cleanup pursuant to any Environmental Law. Subject to the rights of the applicable Tenant under the related Lease or Borrower under the related Loan, each Issuer shall permit the
Indenture Trustee to join and participate in, as a party if it so elects, any legal proceedings or actions initiated with respect to any Property in connection with any Environmental Law or Hazardous Substance and in such an instance, the Issuers
and the Indenture Trustee shall be represented by the same counsel; provided, however, that, if a conflict of interest arises between any Issuer and the Indenture Trustee because potential claims could be brought against the Indenture
Trustee, then the Indenture Trustee shall be represented by its own counsel and such Issuer shall pay all reasonable attorney’s fees and disbursements incurred by the Indenture Trustee in connection therewith. 

(c) Upon the Property Manager’s request and subject to the rights of the Tenants under the Leases and the rights of the Borrowers under
the Loans, at any time and from time to time while this Indenture is in effect, when (x) the Property Manager has determined (in the exercise of its good faith judgment) that reasonable cause exists for the performance of an environmental
inspection or audit of any Property or (y) an Event of Default exists, each Issuer 

  
 68 

 
shall, or shall cause the Property Manager to, provide at such Issuer’s sole expense, (I) an inspection or audit of each such Property prepared by a licensed hydrogeologist or licensed
environmental engineer indicating the presence or absence of Hazardous Substances on, in or near each such Property, and (II) an inspection or audit of such Property prepared by a duly qualified engineering or consulting firm, indicating the
presence or absence of Asbestos on such Property. If such Issuer fails to provide such inspection or audit within thirty (30) days after such request, the Property Manager, at such Issuer’s sole expense, which shall be deemed a Property
Protection Advance, may order the same, and such Issuer hereby grants to the Property Manager and its employees and agents access to each Property and a license to undertake such inspection or audit in each case subject to the rights of the Tenants
under the Leases and the rights of the Borrowers under the Loans. In the event that any environmental site assessment report prepared in connection with such inspection or audit reasonably recommends that an operations and maintenance plan be
implemented for Asbestos or any Hazardous Substance, the related Issuer shall, to the extent permitted under the related Lease or Loan, cause such operations and maintenance plan to be prepared and implemented at such Issuer’s expense upon
request of the Property Manager. In the event that any investigation, site monitoring, containment, cleanup, removal, restoration, or other work of any kind is reasonably necessary under an applicable Environmental Law (the “Remedial
Work”), each Issuer shall, or shall cause the Property Manager to, promptly commence and thereafter diligently prosecute, or cause any related Tenant or Borrower to commence and thereafter diligently prosecute, to completion all such
Remedial Work after written demand by the Property Manager for performance thereof. All Remedial Work shall be performed by contractors, and under the supervision of a consulting engineer. All costs and expenses of such Remedial Work shall be paid
by the related Issuer. In the event such Issuer shall fail to timely commence, or cause to be commenced, or fail to diligently prosecute to completion, such Remedial Work, the Property Manager may, but shall not be required to, cause such Remedial
Work to be performed, and all costs and expenses thereof, or incurred in connection therewith, shall be deemed a Property Protection Advance. 

(d) The Property Manager shall enforce or pursue in accordance with the Servicing Standard any claim for payment, indemnity or reimbursement
available to any of the Issuers or the Indenture Trustee in respect of any liabilities, losses, claims, costs or expenses in respect of Hazardous Substances including, without limitation, any right to payment under the Performance Support Agreement.

 Section 3.24 Realization Upon Specially Managed Units. 

(a) If the Special Servicer has determined, in its good faith and reasonable judgment, that any material default related to a Specially Managed
Unit will not be cured by the related Tenant or Borrower, the Special Servicer will be required to evaluate the possible alternatives available in accordance with the Servicing Standard and this Agreement with respect to such Specially Managed Unit.
Such alternatives may include, among other things, modification or restructuring of the related Loan or Lease, sale or exchange of the related Mortgage Loan or Mortgaged Property in accordance with Section 3.15 or the enforcement of remedies
available under the related Mortgage Loan or Lease in accordance with Section 3.16, including foreclosure of the Mortgage Loan or eviction of the Tenant, as applicable, and the re-leasing of the related
Mortgaged Property. Subject to all other provisions and limitations set forth herein, the Special Servicer shall take such actions with respect to each Specially Managed 

  
 69 

 
Unit as it determines in accordance with the Servicing Standard, acting in the best interests of the applicable Issuer and the Noteholders. If the Property Manager
re-leases any Mortgaged Property, the Property Manager shall deliver to the Indenture Trustee and the Issuers an amended Owned Property Schedule reflecting the addition of such Lease to the Collateral Pool.

 (b) Upon the request of the Special Servicer, the Property Manager shall pay or cause to be paid, as Property Protection Advances or
Emergency Property Expenses, as applicable, in accordance with Section 3.14(b), all costs and expenses (other than costs or expenses that would, if incurred, constitute a Nonrecoverable Advance) incurred in connection with each Specially
Managed Unit, and shall be entitled to reimbursement therefor as provided herein. If and when the Property Manager or the Special Servicer deems it necessary and prudent for purposes of establishing the Fair Market Value of any Mortgaged Property
related to a Specially Managed Unit, the Special Servicer or the Property Manager; as the case may be, is authorized to have an appraisal done by an Independent MAI-designated appraiser or other expert (the
cost of which appraisal shall be paid by the Property Manager and shall constitute a Property Protection Advance). 
 (c) Notwithstanding
anything to the contrary contained herein, neither the Property Manager nor the Special Servicer shall, on behalf of the applicable Issuer, obtain title to an Underlying Mortgaged Property by deed in lieu of foreclosure or otherwise, or take any
other action with respect to any Underlying Mortgaged Property, if, as a result of any such action, the applicable Issuer or the Indenture Trustee could, in the reasonable judgment of the Property Manager or the Special Servicer, as the case may be,
made in accordance with the Servicing Standard and which shall be based on Opinions of Counsel (of which the Indenture Trustee shall be an addressee) and evidenced by an officer’s certificate delivered to the Indenture Trustee, be considered to
hold title to, to be a “mortgagee-in-possession” of, or to be an “owner” or “operator” of such Underlying Mortgaged Property within the
meaning of CERCLA or any comparable law, unless: 
 (i) the Property Manager or the Special Servicer, as the case may be, has
previously determined in accordance with the Servicing Standard, based on (x) a Phase I Environmental Assessment or comparable environmental assessment (and any additional environmental testing, investigation or analysis that the Property
Manager or the Special Servicer, as applicable, deems necessary and prudent) of such Underlying Mortgaged Property conducted by an Independent Person who regularly conducts such environmental testing, investigation or analysis, or (y) any
environmental testing, investigation and/or analysis conducted in connection with any related Environmental Policy, and performed during the twelve-month period preceding any such acquisition of title or other action and in each case after
consultation with an environmental expert, that: 
 (A) the Underlying Mortgaged Property is in compliance with applicable
environmental laws and regulations or, if not, that it would maximize the recovery to the applicable Issuer on a present value basis (the relevant discounting of anticipated collections to be performed at the relevant interest rate for the
applicable Loan or the capitalization rate used in respect of the Lease for any Underlying Mortgaged Property) to acquire title to or possession of the Underlying Mortgaged Property and to effect such compliance, which determination shall take into
account any coverage afforded under any related Environmental Policy with respect to such Underlying Mortgaged Property; and 

  
 70 

 (B) there are no circumstances or conditions present at the Underlying Mortgaged
Property relating to the use, management or disposal of Hazardous Materials for which investigation, testing, monitoring, containment, clean-up or remediation could be required under any currently applicable
environmental laws and regulations or, if such circumstances or conditions are present for which any such action could reasonably be expected to be required, that it would maximize the recovery to the applicable Issuer on a present value basis (the
relevant discounting of anticipated collections to be performed at the relevant interest rate for the applicable Loan or the capitalization rate used in respect of the Lease for any Underlying Mortgaged Property) to acquire title to or possession of
the Underlying Mortgaged Property and to take such actions, which determination shall take into account any coverage afforded under any related Environmental Policy with respect to such Underlying Mortgaged Property; or 

(ii) in the event that the conditions set forth in clauses (i)(A) or (i)(B) are not satisfied, it shall have notified the
Indenture Trustee in writing that it has determined that the applicable Issuer or the Indenture Trustee could not reasonably be considered to be a potentially responsible party, which determination shall be based on (x) an Opinion of Counsel or
(y) an environmental report prepared by an Independent Person who regularly conducts such environmental testing, investigation or analysis, which report shall identify a responsible party other than the Issuers or the Indenture Trustee, in each
case, the cost of which shall be a Property Protection Advance. 
 (d) Any such determination in Section 3.24(c)(i) or (ii) by the
Property Manager or the Special Servicer shall be evidenced by an Officer’s Certificate to such effect delivered to the Indenture Trustee (which the Indenture Trustee shall provide to the Noteholders), the Issuers and, in the case of the
Special Servicer, the Property Manager, specifying all of the bases for such determination, such Officer’s Certificate to be accompanied by all related environmental reports. The Property Manager or the Special Servicer, as appropriate, shall
undertake reasonable efforts to make the determination referred to in clause (ii) immediately above, and may conclusively rely on any related environmental assessments referred to above in making such determination. The cost of any opinions,
testing, analysis and investigation and any remedial, corrective or other action contemplated by clause (c) above, shall be reimbursed, to the extent not paid by an Environmental Insurer or other party with liability for such amounts, to the
Property Manager from the Collection Account as a Property Protection Advance, subject to Section 5.03. 
 (e) [Reserved]. 

(f) The Property Manager or the Special Servicer, as applicable, shall report to the Indenture Trustee and the Property Manager (if applicable)
monthly in writing as to any actions taken by such party with respect to any Underlying Mortgaged Property as to which the environmental testing contemplated in Section 3.24(c) has revealed that any of the conditions set forth in either
Section 3.24(c)(i)(A) or (i)(B) have not been satisfied, in each case until such matter has been resolved. 

  
 71 

 (g) The Special Servicer shall have the right to determine, in accordance with the Servicing
Standard, the advisability of seeking to obtain a deficiency judgment if the state in which the Collateral securing a Specially Managed Unit is located and the terms of the Loan permit such an action and shall, in accordance with the Servicing
Standard, seek such deficiency judgment if it deems advisable. 
 (h) The Special Servicer shall prepare and file the reports of foreclosures
and abandonments of any Underlying Mortgaged Property and the information returns relating to cancellation of indebtedness income with respect to any Underlying Mortgaged Property required by Sections 6050J and 6050P of the Code and promptly
deliver to the Indenture Trustee an Officer’s Certificate stating that such reports have been filed. Such reports shall be in form and substance sufficient to meet the reporting requirements imposed by Sections 6050J and 6050P of the Code.

 (i) All sales of Underlying Mortgaged Properties pursuant to this Section 3.24 shall be conducted in accordance with the provisions
of Section 3.15 and Article VII, as applicable. 
 Section 3.25 Appraised Values. The Property Manager may, if it
determines in accordance with the Servicing Standard that obtaining a new appraisal is necessary, obtain a new appraisal for any Property following the Series Closing Date. 

ARTICLE IV 
 REPORTS 

Section 4.01 Reports to the Issuers and the Indenture Trustee. 

(a) Not later than 3:00 p.m. (New York City time), three (3) Business Days prior to each Payment Date, the Property Manager shall
deliver to each Issuer, the Indenture Trustee, the Back-Up Manager and each Rating Agency a report containing the information specified on Exhibit H hereto, and such other information
with respect to the Loans, the Leases and Properties as the Indenture Trustee may reasonably request (such report, the “Determination Date Report”) in a mutually agreeable electronic format, reflecting as of the close of
business on the last day of the related Collection Period, the information required for purposes of making the payments required by Section 2.11(b) of the Indenture and the calculations and reports referred to in Section 6.01 of the
Indenture, including, but not limited to, the maturity date and the required monthly rent or loan payment of each Lease or Loan. So long as SCF Realty Capital or another Affiliate of an Issuer is the Property Manager, the Determination Date Report
shall also contain a certification by the Property Manager that each Issuer has not incurred any indebtedness except indebtedness permitted by the Transaction Documents. The Determination Date Report shall also contain a certification by the
Property Manager pursuant to Section 1(c) of the Risk Retention Agreement, as specified on Exhibit H hereto. Such information shall be delivered by the Property Manager to each Issuer and the

  
 72 

 
Indenture Trustee in such form as may be reasonably acceptable to each Issuer and the Indenture Trustee, as applicable. The Special Servicer shall from time to time (and, in any event, as may be
reasonably required by the Property Manager) provide the Property Manager with such information regarding the Specially Managed Units as may be necessary for the Property Manager to prepare each Determination Date Report and any supplemental
information to be provided by the Property Manager to each Issuer or the Indenture Trustee. 
 (b) Not later than 3:00 p.m. (New York
City time) three (3) Business Days prior to each Payment Date, the Special Servicer shall deliver to the Property Manager, the Indenture Trustee and each Rating Agency a report containing such information relating to the Specially Managed Units
and in such form as the Indenture Trustee may reasonably request (such report, the “Special Servicer Report”) reflecting information as of the close of business on the last day of the immediately preceding Collection Period.

 (c) Not later than the 45th day following the end of each calendar quarter, commencing with the quarter ended March 31, 2017 the
Special Servicer shall deliver to the Indenture Trustee, the Rating Agencies and the Property Manager (A) a report containing such information and in such form as the Indenture Trustee may reasonably request (such report, a “Modified
Collateral Detail and Realized Loss Report”) with respect to all renewals, modifications, waivers, security deposits paid or rental concessions made pursuant to Section 3.16 as of such calendar quarter and (B) subject to
Section 6.03(a) of the Indenture, upon the reasonable request of the Indenture Trustee, the Rating Agencies or the Property Manager, operating statements and other financial information collected or otherwise obtained by the Special Servicer
during such calendar quarter (together with copies of the operating statements and other financial information on which it is based) to the extent such information is not prohibited from being disclosed or restricted by confidentiality under the
terms of the applicable Lease Documents or Loan Documents. 
 (d) The Property Manager or the Special Servicer, to the extent received by
such party, shall deliver to the Indenture Trustee and each applicable Rating Agency: 
 (i) within forty-five (45) days
after the end of each calendar quarter the following items received by it, each executed by a Responsible Officer of each applicable Issuer or the applicable Issuer Manager on behalf of such Issuer as being true and correct: (A) a written
statement dated as of the last day of each such calendar quarter identifying to its knowledge any defaults under a Lease or Mortgage Loan which continues after the expiration of applicable cure periods and not otherwise included in the Special
Servicer Report, in each case as of the last day of such calendar quarter, and (B) the principal amount, aggregate unfunded loan commitments and maturity dates of all credit and loan facilities then in place as of the last day of such calendar
quarter relating to the Support Provider or any of its subsidiaries so long as the maturity date of such indebtedness is scheduled to occur within 365 days of the end of such calendar quarter, which shall be calculated by the Support Provider;
and 

  
 73 

 (ii) within forty-five (45) days after the end of each of the first three
fiscal quarters of each year the following items received by it, each executed by a Responsible Officer of each applicable Issuer as being true and correct (A) consolidated financial statements of the related Issuer’s (consolidated with
any co-Issuer) financial affairs and condition for each such fiscal quarter, including a balance sheet and statement of profit and loss for the related Issuers (prepared on a consolidated basis for all
Issuers) in such detail as the Indenture Trustee may request for the Issuers, in each case, for the immediately preceding calendar quarter, which statements shall be prepared by such Issuers, (B) consolidated financial statements of SCF Realty
Capital’s financial affairs and condition, including a balance sheet, a cash flow summary report for the Support Provider and an operating statement including detailed income and expense statement, in each case in such detail as the Indenture
Trustee may request for the Support Provider, in each case, for the immediately preceding calendar quarter, which statements shall be prepared by the Support Provider, and (C) the Net Worth of the Support Provider at the end of the immediately
preceding calendar quarter, which shall be calculated by the Support Provider; and 
 (iii) within one hundred fifty
(150) days after the end of each calendar year, (A) consolidated financial statements of the financial affairs and condition of the related Issuer (consolidated with any co-Issuer), including a
balance sheet and statement of profit and loss prepared on a consolidated basis for all Issuers, in such detail as the Indenture Trustee may reasonably request, in each case, for the immediately preceding calendar year, audited in conjunction with
the audit of the Support Provider by a “Big Four” accounting firm or other nationally recognized independent certified public accountant reasonably acceptable to the Indenture Trustee and (B) consolidated financial statements of the
Support Provider’s financial affairs and condition and all related footnotes, audited in conjunction with the audit of the Support Provider by a “Big Four” accounting firm, or other nationally recognized independent certified public
accountant reasonably acceptable to the Indenture Trustee, for the immediately preceding calendar year, and (C) the Net Worth of the Support Provider at the end of the immediately preceding year, which shall be calculated by the Support
Provider; and 
 (iv) within forty-five (45) days after the end of each calendar quarter copies of notices of defaults
under, or any material modifications to, any of the Leases and Mortgage Loans, in each case, for such calendar quarter; and 

(v) subject to Section 6.03(a) of the Indenture, at any time and from time to time such other financial data as the
Indenture Trustee or its agents shall reasonably request with respect to the Support Provider or any of its subsidiaries or the ownership, maintenance, use and operation of the Properties and servicing and administration of the Leases and Mortgage
Loans, to the extent such information is not prohibited from being disclosed or restricted by confidentiality under the terms of the applicable Lease or Loan documents. 

(e) The Indenture Trustee and Property Manager shall have the right, at any time and from time to time when an Event of Default exists, upon
reasonable notice to the Issuers and during normal business hours at the Issuers’ principal place of business, to conduct an inspection or review, at the Issuers’ expense, of the Issuers’ books and records. Each Issuer shall
cooperate, and shall cause its agents and employees to cooperate in the conduct of any such inspection or review. 

  
 74 

 (f) The Indenture Trustee shall have no obligations or duties (i) to monitor SCF Realty
Capital’s compliance with the Risk Retention Agreement or (ii) to verify, recalculate or confirm any of the information contained in the Determination Date Report with respect to the Risk Retention Agreement. 

Section 4.02 Use of Agents. 

The Property Manager may at its own expense utilize agents or
attorneys-in-fact, including Sub-Managers, in performing any of its obligations under this Article IV, but no such
utilization shall relieve the Property Manager from any of such obligations, and the Property Manager shall remain responsible for all acts and omissions of any such agent or
attorney-in-fact. The Property Manager shall have all the limitations upon liability and all the indemnities for the actions and omissions of any such agent or attorney-in-fact that it has for its own actions hereunder pursuant to Article V hereof, and any such agent or attorney-in-fact shall have the benefit of all the limitations upon liability, if any, and all the indemnities provided to the Property Manager under Section 5.03. Such indemnities shall be expenses,
costs and liabilities of each Issuer, and any such agent or attorney-in-fact shall be entitled to be reimbursed therefor from the Collection Account as provided in
Section 2.11(b) of the Indenture. 
 ARTICLE V 

THE PROPERTY MANAGER AND THE SPECIAL SERVICER 

Section 5.01 Liability of the Property Manager, the Special Servicer and the Back-Up
Manager. 
 The Property Manager, the Special Servicer and the Back-Up Manager shall be liable in
accordance herewith only to the extent provided in Section 5.03 with respect to the obligations specifically imposed upon and undertaken by the Property Manager, the Special Servicer and the Back-Up
Manager, respectively, herein. 
 Section 5.02 Merger, Consolidation or Conversion of the Property Manager, the Special Servicer and
the Back-Up Manager. 
 Subject to the following paragraph, the Property Manager, the Special
Servicer and the Back-Up Manager shall each keep in full effect its existence, rights and franchises as a partnership, corporation, bank or association under the laws of the jurisdiction of its formation, and
each will obtain and preserve its qualification to do business as a foreign partnership, corporation, bank or association in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this
Agreement or any of the Leases and the Loans and to perform its respective duties under this Agreement. 
 Each of the Property Manager, the
Special Servicer and the Back-Up Manager may be merged or consolidated with or into any Person, or may transfer all or substantially all of its assets to any Person, in which case any Person resulting from any
merger or consolidation to which the Property Manager, the Special Servicer or the Back-Up Manager is a party, or any Person succeeding to the business of the Property Manager, the Special Servicer or the Back-Up Manager, will be the successor Property Manager, the successor Special Servicer or the 

  
 75 

 
successor Back-Up Manager, as the case may be, hereunder, and each of the Property Manager, the Special Servicer and the
Back-Up Manager may transfer its rights and obligations under this Agreement to an Affiliate or non-Affiliate; provided, however, that no such successor,
surviving Person or transferee will succeed to the rights of the Property Manager or the Special Servicer (other than with respect to Midland Loan Services, a division of PNC Bank, National Association if the successor surviving entity is affiliated
with PNC Bank, National Association) unless (i) it shall have furnished to the Issuers and the Indenture Trustee evidence that the Rating Condition is satisfied or (ii) such successor is (x) an affiliate of the Property Manager,
(y) the obligations of such successor hereunder are guaranteed by the Support Provider, and (z) such successor shall furnish evidence to the Issuers and the Indenture Trustee that it is regularly engaged in the management, ownership or
operation of commercial real estate properties and of comparable or better experience to the Property Manager. 
 Section 5.03
Limitation on Liability of the Property Manager, the Special Servicer and the Back-Up Manager. 

None of the Property Manager, the Special Servicer or the Back-Up Manager or any director, officer,
employee, agent or Control Person of any of them shall be under any liability to the Issuers, the Indenture Trustee, the Custodian or the Noteholders or the holders of the Issuer Interests or to any other Person for any action taken, or not taken,
in good faith pursuant to this Agreement, or for errors in judgment; provided, however, that none of the Property Manager, the Special Servicer or the Back-Up Manager shall be protected against
any liability that would otherwise be imposed by reason of misfeasance, bad faith or negligence in the performance (including the failure to perform) of obligations or duties hereunder. The Property Manager, the Special Servicer and the Back-Up Manager and any director, officer, employee, agent or Control Person of any of them shall be entitled to indemnification by the Issuers, payable, subject to Section 2.11(b) of the Indenture, out of the
Payment Account, against any claim, loss, liability or expense incurred in connection with any legal action that relates to this Agreement, the Issuer LLC Agreements, the Issuer Interests, the Indenture or the Notes; provided, however,
that such indemnification shall not extend to any loss, liability or expense incurred by reason of misfeasance, bad faith or negligence in the performance (including the failure to perform) of obligations or duties under this Agreement. None of the
Property Manager, the Back-Up Manager or the Special Servicer shall be under any obligation to appear in, prosecute or defend any legal action that is not incidental to its respective responsibilities under
this Agreement and that in its opinion may involve it in any expense or liability; provided, however, that each of the Property Manager, the Special Servicer and the Back-Up Manager shall
undertake any such action necessary or desirable with respect to the enforcement or protection of the rights and duties of the parties hereto or the interests of the Issuers hereunder. In such event, the legal expenses and costs of such action, and
any liability resulting therefrom, shall be expenses, costs and liabilities of the Issuers as an Extraordinary Expense and the Property Manager, the Special Servicer, or the Back-Up Manager as the case may be,
shall be entitled to be reimbursed therefor from the Payment Account, pursuant to Section 2.11(b) of the Indenture. 

  
 76 

 Section 5.04 Term of Service; Property Manager and Special Servicer Not to Resign.

 None of the Property Manager, the Back-Up Manager or the Special Servicer (subject to
Section 5.02 and 5.06) shall resign from the obligations and duties hereby imposed on it, except upon determination that the performance of its duties hereunder are no longer permissible under applicable law or are in material conflict by
reason of applicable law with any other activities carried on by it, the other activities of the Property Manager, the Back-Up Manager or the Special Servicer, as the case may be, so causing such a conflict
being of a type and nature carried on by the Property Manager, the Back-Up Manager or the Special Servicer, as the case may be, at the date of this Agreement. Any such determination permitting the resignation
of the Property Manager, the Special Servicer or the Back-Up Manager, as applicable, shall be evidenced by an Opinion of Counsel to such effect that shall be delivered to each Issuer and the Indenture Trustee.
No such resignation shall become effective until the Back-Up Manager or another successor shall have assumed the responsibilities and obligations of the resigning party hereunder. If within 120 days of
the date of such determination, no successor shall have assumed the applicable responsibilities and obligations of the resigning party, Property Manager, Back-Up Manager or Special Servicer, as applicable,
shall be permitted to petition a court of competent jurisdiction to appoint a successor. 
 Notwithstanding the foregoing, each of the
Property Manager, the Back-Up Manager and the Special Servicer may cause all of the obligations and duties imposed on it by this Agreement to be assumed by, and may assign its rights, benefits or privileges
hereunder to, with the prior written approval of each Issuer, which approval shall not be unreasonably withheld, conditioned or delayed, an Affiliate or a servicer that is not an Affiliate, in each case, upon its delivery to each Issuer and the
Indenture Trustee of written confirmation from each Rating Agency that such a transfer and assignment will not adversely affect its then-current rating of any Class of the Notes, and the assumption by the assignee of all of the obligations and
duties of the Property Manager, the Back-Up Manager and/or the Special Servicer, as applicable. Upon any such assignment and assumption by the assignee of all of the obligations of the Property Manager, the Back-Up Manager and/or the Special Servicer, the assignor, SCF Realty Capital (or its successor acting prior to such assignment, shall be relieved from all liability hereunder for acts or omissions of the Property
Manager and/or the Special Servicer, as applicable, occurring after the date of the assignment and assumption. 
 Except as expressly
provided herein, neither the Property Manager nor the Special Servicer shall assign or transfer any of its rights, benefits or privileges hereunder to any other Person or delegate to or subcontract with, or authorize or appoint, any other Person to
perform any of the duties, covenants or obligations to be performed by it hereunder, or cause any other Person to assume such duties, covenants or obligations. If, pursuant to any provision hereof, the duties and obligations of the Property Manager
or the Special Servicer are transferred by an assignment and assumption to a successor thereto, the entire amount of compensation payable to the Property Manager or the Special Servicer, as the case may be, that accrues pursuant hereto from and
after the date of such transfer shall be payable to such successor. 
 Notwithstanding anything to the contrary herein, Midland may resign
as the Back-Up Manager, Property Manager and Special Servicer (provided that upon such resignation, Midland shall be deemed to have resigned from all such duties) upon the issuance of any Series of
Notes after the initial Issuance Date, and upon such resignation a successor Property Manager, Special Servicer or Back-Up Manager, as the case may be, shall be appointed in connection with the issuance of any
such Series and otherwise in accordance with the terms of this Agreement. 

  
 77 

 Section 5.05 Rights of Certain Persons in Respect of the Property Manager and the Special
Servicer. 
 Each of the Property Manager and the Special Servicer shall afford to the other and, also, to each Issuer, the Indenture
Trustee and the Back-Up Manager, upon reasonable notice, during normal business hours (a) access to all records maintained by it relating to the Loans, Properties and Leases included in the Collateral
Pool and in respect of its rights and obligations hereunder, to the extent not prohibited by confidentiality (including attorney-client privilege), contract or applicable law, and (b) access to such of its officers as are responsible for such
obligations. Upon reasonable request, the Property Manager and the Special Servicer shall each furnish the Issuers and the Indenture Trustee with its most recent financial statements and such other information as it possesses, and which it is not
prohibited by confidentiality (including attorney-client privilege), applicable law or contract from disclosing, regarding its business, affairs, property and condition, financial or otherwise. Each Issuer may, but is not obligated to, enforce the
obligations of the Property Manager and the Special Servicer hereunder and may, but is not obligated to, perform, or cause a designee to perform, any defaulted obligation of the Property Manager or the Special Servicer hereunder, or exercise the
rights of the Property Manager or the Special Servicer hereunder; provided, however, that neither the Property Manager nor the Special Servicer shall be relieved of any of its obligations hereunder by virtue of such performance by any
such Issuer or its designee. The Issuers shall not have any responsibility or liability for any action or failure to act by or with respect to the Property Manager or the Special Servicer. 

Section 5.06 Designation of Special Servicer by the Indenture Trustee. 

Subject to Section 5.04 and Section 6.02, and only in the event that the Back-Up Manager
cannot serve, the Indenture Trustee may from time to time designate a Person to serve as Special Servicer hereunder to replace any Special Servicer that has resigned or otherwise ceased to serve as Special Servicer. The Indenture Trustee shall so
designate a Person to serve by the delivery to the Issuers, the Property Manager and the existing Special Servicer of a written notice stating such designation. The Indenture Trustee shall, promptly after delivering any such notice, deliver to the
applicable Rating Agency an executed Notice and Acknowledgment in the form attached hereto as Exhibit C-1. The designated Person shall become the Special Servicer on the date that any Issuer and
the Indenture Trustee shall have satisfied the Rating Condition with respect to such appointment. The appointment of such designated Person as Special Servicer shall also be subject to receipt by the Issuers and the Indenture Trustee of (i) an
Acknowledgment of Proposed Special Servicer in the form attached hereto as Exhibit C-2, executed by the designated Person, and (ii) an Opinion of Counsel (at the expense of the Person
designated to become the Special Servicer) to the effect that the designation of such Person to serve as Special Servicer is in compliance with this Section 5.06 and all other applicable provisions of this Agreement, that upon the execution and
delivery of the Acknowledgment of Proposed Special Servicer the designated Person shall be bound by the terms of this Agreement and that this Agreement shall be enforceable against the designated Person in accordance with its terms. Any existing
Special Servicer shall be deemed to have resigned simultaneously with such 

  
 78 

 
designated Person’s becoming the Special Servicer hereunder; provided, however, that the resigning Special Servicer shall continue to be entitled to receive all amounts accrued
or owing to it under this Agreement on or prior to the effective date of such resignation, whether in respect of Advances or otherwise, and it shall continue to be entitled to the benefits of Section 5.03 notwithstanding any such resignation.
Such resigning Special Servicer shall cooperate with the Indenture Trustee and the replacement Special Servicer in effecting the termination of the resigning Special Servicer’s responsibilities and rights hereunder. 

Section 5.07 Property Manager or Special Servicer as Owner of Notes. 

Subject to Section 3.17 herein and the terms of the Indenture, if, at any time during which an Affiliate Party is the holder of any Note
or Issuer Interests the Property Manager or the Special Servicer proposes to take or omit to take action (i) which action or omission is not expressly prohibited by the terms hereof and would not, in the Property Manager or the Special
Servicer’s good faith judgment, violate the Servicing Standard, and (ii) which action, if taken, or omission, if made, might nonetheless, in the Property Manager’s or the Special Servicer’s good faith judgment, be considered by
other Persons to violate the Servicing Standard, the Property Manager or the Special Servicer may, but need not, seek the approval of the Noteholders and the holders of the Issuer Interests to such action or omission by delivering to each Issuer and
the Indenture Trustee a written notice that (a) states that it is delivered pursuant to this Section 5.07, (b) identifies the portion of Notes and Issuer Interests beneficially owned by an Affiliate Party, and (c) describes in
reasonable detail the action that the Property Manager or the Special Servicer, as the case may be, proposes to take. Upon receipt of such notice, each Issuer shall forward such notice to the applicable holders of the Issuer Interests. If, at any
time, the holders of Issuer Interests representing greater than 50% of the Issuer Interests and a Requisite Global Majority (calculated in accordance with the terms of the Indenture) separately consent in writing to the proposal described in the
related notices, and if the Property Manager or the Special Servicer shall act as proposed in the written notice, and if the Property Manager or the Special Servicer, as the case may be, takes action or omits to take action as proposed in such
notices, such action or omission will be deemed to comply with the Servicing Standard. It is not the intent of the foregoing provision that the Property Manager or the Special Servicer be permitted to invoke the procedure set forth herein with
respect to routine servicing matters arising hereunder, but rather in the case of unusual circumstances. 
 ARTICLE VI 

SERVICER REPLACEMENT EVENTS 

Section 6.01 Servicer Replacement Events. 

(a) “Servicer Replacement Event” wherever used herein with respect to the Property Manager or Special Servicer, means
any one of the following events: 
 (i) any failure by the Property Manager or the Special Servicer to remit to the
Collection Account, the Release Account or the Payment Account (or to the Indenture Trustee for deposit into the Payment Account) any amount as and when required to be so remitted pursuant to the terms of this Agreement or the Indenture, which
failure remains 

  
 79 

 
unremedied for two (2) Business Days after the earlier of (x) the date on which notice of such failure, requiring the same to be remedied, is given to the Property Manager or Special
Servicer, as applicable, by the Indenture Trustee or (y) actual knowledge of such failure by such Property Manager or Special Servicer, as applicable; or 

(ii) the Property Manager fails to make any P&I Advance as required by the Indenture or this Agreement; or 

(iii) the Property Manager fails to make any Property Protection Advance as required by the Indenture or this Agreement, which
failure remains unremedied for the earlier of (A) four (4) Business Days and (B) the due date for which such Property Protection Advance is being made; 

(iv) any failure on the part of the Property Manager or the Special Servicer to observe or perform in any material respect any
other of the covenants or agreements on the part of the Property Manager or the Special Servicer, as the case may be, contained in this Agreement, the Master Exchange Agreement or the Escrow Agreement which failure continues unremedied for a period
of thirty (30) days (or such longer period as is reasonably required to cure the subject matter provided that (A) the Property Manager or the Special Servicer shall diligently prosecute such cure, (B) such extended cure period
does not have a material adverse effect on the Issuers, the Noteholders or the Properties and (C) such longer period shall not exceed sixty (60) days) after the date on which written notice of such failure, requiring the same to be
remedied, shall have been given to the Property Manager and the Special Servicer by any other party hereto or the Property Manager or the Special Servicer otherwise has notice of such failure; or 

(v) any breach on the part of the Property Manager or the Special Servicer of any representation or warranty contained in this
Agreement that materially and adversely affects the interests of the Issuers, which remains unremedied for five (5) days after the earlier of the date on which written notice of such breach, requiring the same to be remedied, shall have been
given to the Property Manager and the Special Servicer by any other party hereto or the Property Manager or Special Servicer becomes aware of any such breach; provided, however, that if the breach is capable of being cured and the
Property Manager or Special Servicer is diligently pursuing such cure, the five (5) day period will be extended for an additional fifteen (15) days; or 

(vi) there shall have been commenced before a court or agency or supervisory authority having jurisdiction an involuntary
proceeding against the Property Manager or the Special Servicer under any present or future federal or state bankruptcy, insolvency or similar law for the appointment of a conservator, receiver, liquidator, trustee or similar official in any
bankruptcy, insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs, which action shall not have been dismissed for a
period of ninety (90) days; or 
 (vii) either the Property Manager or the Special Servicer shall consent to the
appointment of a conservator, receiver, liquidator, trustee or similar official in any bankruptcy, insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings of or relating to it or of or relating to all or
substantially all of its property; or 

  
 80 

 (viii) either the Property Manager or the Special Servicer shall admit in writing
its inability to pay its debts generally as they become due, file a petition to take advantage of any applicable bankruptcy, insolvency or reorganization statute, make an assignment for the benefit of its creditors; or 

(ix) either the Property Manager or the Special Servicer assigns any of its obligations under this Agreement to any third party
other than as permitted under this Agreement or any other Transaction Document and does not remedy such breach within five (5) business days of such assignment; or 

(x) either the Property Manager or the Special Servicer fails to observe reporting requirements under this Agreement, which
failure remains unremedied for five (5) days after notice; provided, that with respect to the delivery of the Determination Date report, such period shall be for one (1) day after notice; or 

(xi) both the current President and the Chief Operating Officer of the Property Manager or the Special Servicer, within a six-month period, are no longer employed by the Property Manager or the Special Servicer, as applicable; 

(xii) the Issuers or the Indenture Trustee shall have received confirmation in writing from any Rating Agency that the failure
to remove the Property Manager or the Special Servicer in such capacity would in and of itself cause a downgrade, qualification or withdrawal of any of the ratings then assigned by such Rating Agency to the Notes; or 

(xiii) an Event of Default under Section 4.01(a), (b), (c), (f), (g) or (j) of the Indenture shall have occurred; or

 (xiv) any other Event of Default under the Indenture, other than an Event of Default under Section 4.01(a), (b), (c),
(f), (g) or (j) thereof, shall have occurred and the Indenture Trustee shall have accelerated the Notes; or 
 (xv) the
Monthly DSCR shall be less than 1.15 for three consecutive Payment Dates and such reduction in Monthly DSCR is reasonably determined by the Back-Up Manager (unless the
Back-Up Manager is then serving as Property Manager or Special Servicer) or the Requisite Global Majority to be primarily attributable to acts or omissions of the Property Manager. 

(b) When a single entity acts as Property Manager and Special Servicer, a Servicer Replacement Event in one capacity shall constitute a
Servicer Replacement Event in each capacity; provided, however, that, subject to this Section 6.01(b), each Issuer, the Indenture Trustee and the holders of the Notes and the Issuer Interests may at their option elect to terminate
the Property Manager or the Special Servicer in one or the other capacity rather than both such capacities. Each of the Property Manager and the Special Servicer will notify the Indenture Trustee and the
Back-Up Manager in writing of the occurrence of a Servicer Replacement Event or an event that, with the giving of notice or the expiration of any cure period, or both, would constitute a Servicer Replacement
Event promptly upon obtaining actual knowledge thereof. 

  
 81 

 Section 6.02 Appointment of Successor Servicer. 

(a) If any Servicer Replacement Event (other than under clauses (ii) or (iii) of Section 6.01(a) above) with respect to the
Property Manager or the Special Servicer (in either case, for purposes of this Section 6.02, the “Defaulting Party”) shall occur and be continuing, then, and in each and every such case, subject to the remainder of this
Section 6.02, the Indenture Trustee shall provide written notice thereof to the Noteholders (with a copy of such notice to each other party hereto) advising the Noteholders of their right to approve the removal of the Defaulting Party in
accordance with the Property Management Agreement and the Indenture or to waive such Servicer Replacement Event. In the event that the Noteholders representing the Requisite Global Majority have either approved of the removal of the Defaulting Party
or not waived the occurrence of such Servicer Replacement Event within thirty (30) days of such notice, the Indenture Trustee will cause such Defaulting Party to be immediately replaced with the Back-Up
Manager and terminate all of the rights and obligations accruing from and after such notice of the Defaulting Party under this Agreement and in and to the Collateral (other than as a holder of any Note or Issuer Interest). Upon the occurrence of a
Servicer Replacement Event under clause (ii) or (iii) with respect to a Defaulting Party, the Indenture Trustee shall immediately terminate such Defaulting Party and replace them with the Back-Up
Manager. Upon the occurrence of a Servicer Replacement Event under clause (ii) or (iii) with respect to the Defaulting Party, the Indenture Trustee shall immediately terminate such Defaulting Party and shall replace them with the Back-Up Manager. 
 Subject to the terms of the Indenture, upon the occurrence of a Servicer Replacement
Event with respect to the Property Manager or the Special Servicer that is not SCF Realty Capital or an Affiliate of an Issuer, the Indenture Trustee (i) may (with the consent of the Requisite Global Majority) cause the Property Manager and/or
the Special Servicer to be replaced with a successor Property Manager (the “Successor Property Manager”) and/or successor Special Servicer (the “Successor Special Servicer”), and (ii) shall at the
direction of the Requisite Global Majority cause the Property Manager and/or the Special Servicer to be replaced with a Successor Property Manager and/or Successor Special Servicer. 

(b) From and after the termination of the Defaulting Party following a Servicer Replacement Event, all authority and power of the Defaulting
Party under this Agreement, whether with respect to the Issuers (other than as a holder of any Note or Issuer Interest) or the Loans, Leases or Properties or otherwise, shall pass to and be vested in the
Back-Up Manager pursuant to and under this Section, and, without limitation, the Back-Up Manager is hereby authorized and empowered to execute and deliver, on behalf of
and at the expense of the Defaulting Party, as attorney-in-fact or otherwise, any and all documents and other instruments, and to do or accomplish all other acts or
things necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement or assignment of the Loans, Leases, Properties and related documents, or otherwise. 

  
 82 

 (c) The appointment of a Successor Property Manager or Successor Special Servicer will be subject
to, among other things, (i) except in the case of the appointment of Midland as the Successor Property Manager or Successor Special Servicer, the satisfaction of the Rating Condition and (ii) the written agreement of the Successor Property
Manager or Successor Special Servicer to be bound by the terms and conditions of this Agreement, together with an Opinion of Counsel regarding the enforceability of such agreement. Subject to the foregoing, any person, including any holder of Notes
or Issuer Interests or any Affiliate thereof, may be appointed as the Successor Property Manager or Successor Special Servicer. 
 (d) In the
event that a Successor Property Manager or Successor Special Servicer has failed to assume the responsibilities of the Property Manager or Special Servicer as provided in this Agreement within thirty (30) days of written notice of termination,
the Back-Up Manager will be both the Property Manager and the Special Servicer, under this Agreement; provided, however, that each Issuer will have the right to replace the Back-Up Manager acting as Property Manager or Special Servicer without cause upon thirty (30) days’ written notice. If Midland is terminated as the Property Manager or Special Servicer under this
Agreement, such termination shall be deemed to automatically terminate Midland as the Property Manager, the Special Servicer and the Back-Up Manager, as applicable. In addition, if the Back-Up Manager, as Property Manager, or Special Servicer makes any Advances or incurs any other expenses in accordance with the terms and provisions of this Agreement, any Successor Property Manager will be
required to reimburse the Back-Up Manager, as predecessor Property Manager or predecessor Special Servicer, for such Advances and other expenses incurred in accordance with the terms and provisions of this
Agreement as a condition to its appointment as successor Property Manager. 
 Each of the Property Manager and the Special Servicer agrees
that, if it is terminated pursuant to this Section 6.02, it shall promptly (and in any event not later than ten (10) days subsequent to its receipt of the notice of termination) provide the Indenture Trustee and the Back-Up Manager with all documents and records in its possession requested thereby to enable the Back-Up Manager (or such other applicable successor) to assume the Property
Manager or Special Servicer’s, as the case may be, functions hereunder, and shall cooperate with the Back-Up Manager (or such other applicable successor) in effecting the termination of the Property
Manager or Special Servicer’s, as the case may be, responsibilities and rights hereunder, including the transfer within two (2) Business Days after receipt by the terminated Property Manager or Special Servicer to the Successor Property
Manager for administration by it of all cash amounts that shall at the time be or should have been credited by the Property Manager to the Collection Account or any sub-account or thereafter be received by or
on behalf of it with respect to any Loan, Lease or Property (provided, however, that the Property Manager and the Special Servicer each shall, if terminated pursuant to this Section 6.02, continue to be obligated for or entitled
to pay or receive all costs in connection with such transfer and all amounts accrued or owing by or to it under this Agreement on or prior to the date of such termination, whether in respect of Property Protection Advances or otherwise, and it and
its directors, officers, employees and agents shall continue to be entitled to the benefits of Section 5.03 notwithstanding any such termination). In the event any Advances made by the Property Manager or the Indenture Trustee shall at any time
be outstanding, or any amounts of interest thereon shall be accrued and unpaid, all amounts available to repay Advances and interest hereunder shall be applied first entirely to Advances made by the Indenture Trustee (and the accrued and unpaid
interest thereon) until such Advances made by the Indenture Trustee (and the accrued and unpaid interest thereon) shall have been repaid in full and then to Advances 

  
 83 

 
made by the Property Manager (and the accrued and unpaid interest thereon). Any costs or expenses in connection with any actions to be taken by the Property Manager or Special Servicer pursuant
to this paragraph shall be borne by the Property Manager or Special Servicer, as the case may be, and to the extent not paid by such defaulting party, such expense shall be borne by the applicable Issuer and paid from amounts distributed pursuant to
Section 2.11(b) of the Indenture. In the event that the Back-Up Manager cannot serve, the Indenture Trustee may designate a Person to serve as Back-Up Manager
hereunder to replace any Property Manager and/or Special Servicer that has resigned or otherwise ceased to serve as Property Manager and/or Special Servicer. The Indenture Trustee shall so designate a Person to so serve by the delivery to the
Issuers, the Property Manager and the existing Special Servicer of a written notice stating such designation. 
 Section 6.03 Back-Up Manager. 
 (a) The Back-Up Manager shall maintain
current servicing records and systems concerning the Properties, the Leases and the Loans in order to enable it to timely and efficiently assume the responsibilities of the Property Manager and/or Special Servicer in accordance with the Servicing
Standard and otherwise in accordance with the terms and conditions of this Agreement. 
 (b) Subject to Section 6.02, following a
Servicer Replacement Event, the Property Manager shall arrange for the delivery to the Back-Up Manager of all of the Servicing Files, which Servicing Files shall contain sufficient data to permit the Back-Up Manager to assume the duties of the Property Manager or Special Servicer hereunder without delay. Subject to Section 6.02, following the Servicer Replacement Event with respect to the Special Servicer,
the Special Servicer shall arrange for the delivery to the Back-Up Manager of each of the Servicing Files for any Specially Managed Unit, which Servicing Files shall contain sufficient data to permit the Back-Up Manager to assume the duties of the Special Servicer hereunder without delay. If Midland is the Back-Up Manager, (i) any appointment of Back-Up Manager as Property Manager or Special Servicer shall be deemed to be an appointment of Back-Up Manager as both Property Manager and Special Servicer and (ii) in
the event Midland is terminated as Property Manager or Special Servicer, Midland shall automatically be terminated both as Property Manager and Special Servicer. In the event Midland is terminated as
Sub-Manager under the Sub-Management Agreement, it shall automatically be terminated as Property Manager, Special Servicer and
Back-Up Manager, as applicable. 
 (c) Subject to Section 6.02, following a Servicer Replacement
Event, the Back-Up Manager shall use reasonable efforts to diligently complete the physical transfer of servicing from the terminated Property Manager or Special Servicer with the cooperation of such
Defaulting Party. From and after the date physical transfer of servicing is completed (the “Back-Up Servicing Transfer Date”), the Back-Up
Manager shall service and/or specially service the Properties, Leases and the Loans in accordance with the provisions of this Agreement with all the rights and obligations of the Property Manager and the Special Servicer and shall have no liability
or responsibility with respect to any obligations of each Defaulting Party, arising or accruing prior to the Back-Up Servicing Transfer Date. Each Issuer, if it determines in its reasonable discretion that
enforcement rights and/or remedies are available to the Noteholders against the terminated Property Manager or Special Servicer and it is prudent under the 

  
 84 

 
circumstances to enforce such rights, agree to enforce their rights under this Agreement against the terminated Property Manager or Special Servicer, including any rights they have to enforce
each Defaulting Party’s obligation to fully cooperate in the orderly transfer and transition of servicing and otherwise comply with the terms of this Agreement. In the event that the Back-Up Manager
discovers or becomes aware of any errors in any records or data of each Defaulting Party which impairs its ability to perform its duties hereunder, the Back-Up Manager shall notify each Issuer and the
Indenture Trustee in writing of such errors and shall, at each Defaulting Party’s expense (or, if not paid by such party, as a Property Protection Advance) and upon the Issuers’ direction, undertake to correct or reconstruct such records
or data. 
 (d) From and after the date of this Agreement until the Back-Up Servicing Transfer Date,
the Property Manager shall provide or cause to be provided to the Back-Up Manager on or before the 20th day of each month, in electronic form, a complete data tape of the Loan Schedule, the Owned Property
Schedule and such other information as any Issuer may reasonably deem necessary, including all information necessary to determine the Release Price and original purchase price paid by the applicable Issuer, and shall make available to the Back-Up Manager a copy of each Determination Date Report and any Special Servicer Report. In addition, the Property Manager shall provide all other documents and materials as are reasonably requested by the Back-Up Manager. The Back-Up Manager will perform an initial comprehensive data integrity review and a monthly review of this information to determine whether it provides
adequate information to enable the Back-Up Manager to perform its obligations hereunder as the Back-Up Manager. To the extent that the
Back-Up Manager determines within ten (10) calendar days of its receipt of such information that such information is inadequate for the Back-Up Manager to perform
its obligations as the Back-Up Manager, the Back-Up Manager will provide prompt written notice to each Issuer, the Indenture Trustee and the Property Manager identifying
any deficiencies in such information that do not enable the Back-Up Manager to perform its obligations as the Back-Up Manager. The Property Manager shall use its best
efforts to provide any such deficient information to the Back-Up Manager within ten (10) calendar days of receipt of such notice from the Back-Up Manager. 

(e) Within ten (10) Business Days of the date of receipt from the Property Manager, the Back-Up
Manager shall, in order to understand the purpose of each data field (and the interrelationships among such data fields), review the form of Determination Date Report and the Special Servicer Report, each in the form agreed to by the Property
Manager, the Indenture Trustee and the Back-Up Manager. Provided the data in the Determination Date Report and the Special Servicer Report are in a format readable by the
Back-Up Manager, the Back-Up Manager shall create a set of conversion routines and database mapping programs, as necessary, that will enable the Back-Up Manager to (i) receive such data from the Property Manager on a monthly basis and to ensure that the data is readable, and (ii) independently generate such Determination Date Reports and Special
Servicer Reports, as applicable, following the Back-Up Servicing Transfer Date; provided, however, that the Back-Up Manager shall have no obligations with respect to the
information contained in the Determination Date Report with respect to the Risk Retention Agreement. 
 (f) On a monthly basis, the Back-Up Manager shall (x) verify receipt of the Determination Date Report and the Special Servicer Report required to be delivered by the Property Manager, and (y) verify that such records and data are in
a readable format. 

  
 85 

 (g) The Back-Up Manager may resign from its obligations
under this Agreement (i) pursuant to the terms and provisions of Section 5.04, and (ii) other than in connection with a resignation under the last paragraph of Section 5.04, if the Back-Up
Manager identifies a successor back-up manager who agrees to undertake the obligations of the Back-Up Manager under this Agreement and provides the Indenture Trustee
with written confirmation of satisfaction of the Rating Condition. 
 Section 6.04 Additional Remedies of Issuers and the Indenture
Trustee upon a Servicer Replacement Event. 
 During the continuance of any Servicer Replacement Event, so long as such Servicer
Replacement Event shall not have been remedied, in addition to the rights specified in Section 6.01, each Issuer shall have the right, and the Indenture Trustee shall have the right, in its own name and as trustee of an express trust, to take
all actions now or hereafter existing at law, in equity or by statute to enforce its rights and remedies and to protect the interests, and enforce the rights and remedies of the holders of the Issuer Interests and the Notes (including the
institution and prosecution of all judicial, administrative and other proceedings and the filings of proofs of claim and debt in connection therewith). Except as otherwise expressly provided in this Agreement, no remedy provided for by this
Agreement shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy, and no delay or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed to
be a waiver of any Servicer Replacement Event. 
 ARTICLE VII 

TRANSFERS AND EXCHANGES OF PROPERTIES AND LOANS BY ISSUERS; RELEASE 

OF PROPERTIES AND LOANS BY ISSUERS 

Section 7.01 Exchange of Loans and Properties. 

(a) Each Issuer may remove an Exchanged Property or an Exchanged Loan from the Collateral Pool in exchange for the addition of one or more
Qualified Substitute Properties or Qualified Substitute Loans, as applicable to the Collateral Pool provided that after giving effect to a substitution or exchange pursuant to this Section 7.01, (i) the sum of the Collateral Value
of all Released Assets and Exchanged Assets released or exchanged since the most recent Series Closing Date shall not exceed 35% of the Aggregate Collateral Value as of such Series Closing Date; and (ii) the sum of the Collateral Value of all
Released Assets released since the most recent Series Closing Date by paying the Release Price shall not exceed 25% of the Aggregate Collateral Value as of such Series Closing Date. No Property will constitute a Qualified Substitute Property or
Qualified Underlying Property and no Loan will constitute a Qualified Substitute Loan unless, after giving effect to the transfer of such Property or Loan to the related Issuer, either (i) a Maximum Property Concentration is not exceeded, or
(ii) if, prior to such substitution, an existing Maximum Property Concentration is already exceeded, the addition of such Qualified Substitute Property, Qualified Underlying Property or Qualified Substitute Loan will reduce the Maximum Property
Concentration or such Maximum Property Concentration will remain unchanged after giving effect to such substitution. In addition, no exchange of a Property, Lease or Loan to a third party, SCF Realty Capital or any of its Affiliates

  
 86 

 
or to an SCF SPE may occur (other than pursuant to a Third Party Purchase Option) if an Early Amortization Period would occur as a result of such exchange. Notwithstanding the foregoing,
(i) a sale, substitution or exchange pursuant to any of Sections 2.04, 3.15, 3.24, 7.02, 7.03, 7.05, 7.06 or 7.07 of this Agreement or (ii) in connection with a Series Collateral Release or a Qualified Deleveraging Event, a sale of
Owned Properties or Loans to (x) a third party that is unaffiliated with SCF Realty Capital or (y) an SCF SPE, in each case, shall not be taken into consideration for purposes of the first sentence of this Section 7.01(a). 

(b) In the event that any Issuer elects to substitute (i) one or more Qualified Substitute Properties or Qualified Substitute Loans
pursuant to this Section 7.01 or (ii) one or more Qualified Substitute Properties pursuant to Section 7.09 and the Master Exchange Agreement, the Property Manager shall require such Issuer to deliver to the Custodian all documents as
specified in the definition of “Lease File” or “Loan File,” as applicable, in Section 1.01 with respect to each Qualified Substitute Property or Qualified Substitute Loan in accordance with this Agreement. Monthly Lease
Payments due with respect to Qualified Substitute Properties and Monthly Loan Payments due with respect to Qualified Substitute Loans in the month of substitution shall not be part of the Collateral and will be retained by the Property Manager and
remitted by the Property Manager to such Issuer on the next succeeding Payment Date. For the month of substitution, the Available Amount shall include the Monthly Lease Payment due on the Lease for the Removed Property and Monthly Loan Payment due
on the Loan for the Removed Loan for such month and, thereafter, the applicable Issuer designee shall be entitled to retain all amounts received in respect of such Lease or Loan. On or prior to the effective date of any such substitution, the
Property Manager shall deliver to the Custodian and each Issuer an amended Owned Property Schedule and an amended Loan Schedule reflecting the addition to the Collateral of each new Qualified Substitute Property and related Lease and Qualified
Substitute Loan and the removal from the Collateral of each Removed Property and related Lease and Removed Loan. Upon such substitution, each Qualified Substitute Property and Qualified Substitute Loan shall be subject to the terms of this Agreement
in all respects, and the applicable Issuer shall be deemed to have made the representations and warranties contained in Section 2.20 of the Indenture with respect to each Qualified Substitute Property, Section 2.21 of the Indenture and
with respect to each Qualified Substitute Loan, as applicable, and the applicable Issuer shall deliver to the Custodian a certificate in the form of Exhibit G attached hereto certifying to the Custodian that such exceptions
as have been proposed by the Property Manager or the Issuers are materially consistent with the underwriting criteria for existing Properties and Loans. 

(c) Each Issuer shall effect such substitution by having each Qualified Substitute Property, which may include Replacement Properties acquired
by an Issuer pursuant to the Master Exchange Agreement, deeded (or, with respect to Qualified Substitute Properties, having the leasehold interest in the ground lease therein assigned) or Qualified Substitute Loan assigned to such Issuer and
distributing or otherwise transferring the Removed Property or Removed Loan to a designee of the Issuer Manager and delivering to and depositing with the Custodian (i) the deed (or assignment of Ground Lease), if applicable, and any other
transfer documents transferring such Qualified Substitute Property (or leasehold interest in the ground lease) or Qualified Substitute Loan to such designee, (ii) the deed (or assignment of Ground Lease), if applicable, and any other transfer
documents transferring such Removed Property (or leasehold interest in the ground lease) or Removed Loan to a designee of the applicable Issuer 

  
 87 

 
Manager, or the entity purchasing the Removed Property or Removed Loan, (iii) the Lease Files for such Qualified Substitute Properties or Loan Files for such Qualified Substitute Loan, all
of which shall meet the Lease File or Loan File requirements for such Qualified Substitute Property or Qualified Substitute Loan, and (iv) an Officer’s Certificate certifying that all of the taxes (including transfer taxes with respect to
Qualified Substitute Property) in connection with the acquisition of the Qualified Substitute Property or Qualified Substitute Loan and the transfer of the Removed Property or Removed Loan have been paid. 

(d) Upon receipt of an Officer’s Certificate from the Property Manager or the applicable Issuer to the effect that all requirements with
respect to any substitution pursuant to the foregoing terms of this Section 7.01 have been satisfied, which Officer’s Certificate shall be furnished by the Property Manager upon becoming appropriate, and upon which the Indenture Trustee
shall be permitted to fully rely and shall have no liability for so relying without any obligation to confirm or verify, (i) the Indenture Trustee shall release or cause to be released to such Issuer’s designee the related Lease File for
the Removed Property or Loan File for the Removed Loan and (ii) each of the Indenture Trustee and such Issuer shall execute and deliver such instruments of release, transfer or assignment, in each case without recourse, as shall be provided to
it and are reasonably necessary to vest in such Issuer’s designee the ownership of the Removed Property and the related Lease or the Removed Loan and to release any Mortgage or other lien or security interest in such Removed Property or the
related Lease or the Removed Loan. In connection with any such release or transfer, the Special Servicer shall deliver the related Servicing File to such Issuer’s designee. Simultaneously with any substitution made pursuant to this
Section 7.01, such Issuer shall distribute or transfer the Removed Property and Lease or the Removed Loan at the direction of the applicable Issuer Manager. 

(e) Any Release Price received by the applicable Issuer shall be deposited into the Release Account and applied in accordance with
Section 3.05(b). 
 Section 7.02 Sale Pursuant to Third Party Purchase Option. 

(a) If any Person shall exercise its Third Party Purchase Option prior to the Rated Final Payment Date, the applicable Issuer shall,
simultaneously with the transfer of the applicable Property pursuant to the Third Party Purchase Option, deposit the Third Party Option Price into the Release Account, and upon receipt of an Officer’s Certificate from the Property Manager or
the Issuers to the effect that such deposit has been made (which the Property Manager shall deliver to the Indenture Trustee and the Issuers promptly upon such deposit being made and upon which Officer’s Certificate the Indenture Trustee shall
be permitted to fully rely and shall have no liability for so relying without any obligation to confirm or verify), the Indenture Trustee shall release to such Issuer or its designee the related Lease File and execute and deliver such instruments of
release, transfer or assignment, in each case without recourse, that shall be provided by such Issuer or the Property Manager and reasonably necessary to release the subject Mortgage and the other liens and security interests in such Property and
the related Lease. 
 (b) After such release, the released Property shall not be deemed to be a Property (except for the purposes of
obligations under the Transaction Documents that are expressly provided to survive repayment in full of the Notes and satisfaction of the Mortgage). 

  
 88 

 Section 7.03 Transfer of Lease to New Property. 

In the event a Tenant under a Lease requests that such Lease be modified to apply to a different Property (the “Lease Transfer
Property”) owned by such Tenant or substituted for a Lease on a different Property owned by such Tenant, the related Issuer may, with the approval of the Property Manager or the Special Servicer, as applicable, to the extent permitted
under the subject Lease or imposed by the Property Manager, approve such transfer. Each of the Property Manager, the Special Servicer and the applicable Issuer has covenanted that it will not give its consent to a transfer unless: (i) the
substituted property is a Qualified Substitute Property; (ii) all Advances, Extraordinary Expenses and Emergency Property Expenses related to the Property being transferred are reimbursed; and (iii) such Lease will not be treated as a new
Lease but instead will be treated as a modification of the original Lease. Such Qualified Substitute Property will be included in the Collateral Pool and pledged to the Indenture Trustee to secure the Notes. Upon the Indenture Trustee’s receipt
of an Officer’s Certificate (upon which the Indenture Trustee shall be entitled to conclusively rely) from the Property Manager or the Special Servicer to the effect that such modification or substitution has been completed in accordance with
the terms hereof, including satisfaction of the Required Conditions (which shall include a certification that such Issuer has executed and delivered a Mortgage or, within sixty (60) days of the Property Manager’s receipt of the related
recorded Mortgage, will deliver a copy thereof with recording information) with respect thereto to the Indenture Trustee), the Indenture Trustee shall execute and deliver such instruments of release, transfer or assignment, in each case without
recourse, as shall be provided to it by such Issuer and are reasonably necessary to release any lien or security interest in the original Property and related Lease, whereupon such original Property shall be free and clear of the lien of the
Indenture and any Mortgage and the other Transaction Documents. Any proceeds of such sale, transfer or other disposition shall not constitute part of the Collateral and shall not be deposited in the Collection Account or the Release Account, as
applicable. 
 Section 7.04 Release of Property by an Issuer. 

(a) Except in connection with the release or encumbrance of an immaterial portion of any Property pursuant to Section 3.16(g), and subject
to Section 7.09, 7.11 and 7.12, the applicable Issuer shall have the right to have released from the lien of the related Mortgage and the Indenture any Property and related Leases or Loan (following such release, a “Released
Loan” or “Released Property”, as applicable) by depositing or causing to be deposited in the Release Account an amount equal to the Release Price in immediately available funds for the Released Property or
Released Loan and satisfying the Required Conditions. Upon the Indenture Trustee’s receipt of an Officer’s Certificate by the applicable Issuer or Property Manager certifying that all conditions set forth herein have been satisfied, the
Indenture Trustee shall release to such Issuer or its designee the related Lease File or Loan File and execute and deliver such instruments of release, transfer or assignment, in each case without recourse, that shall be provided to it by such
Issuer and are reasonably necessary to release any Mortgage or other lien or security interest in such Property and the related Lease or Loan from the lien of the Indenture. 

(b) After giving effect to a release pursuant to this Section 7.04, 7.09, 7.11 or 7.12, (i) the sum of the Collateral Value of all
Released Assets and Exchanged Assets released or exchanged since the most recent Series Closing Date shall not exceed 35% of the Aggregate 

  
 89 

 
Collateral Value; and (ii) the sum of the Collateral Value of all Released Assets released since the most recent Series Closing Date by paying the Release Price shall not exceed 25% of the
Aggregate Collateral Value. Notwithstanding the foregoing, (i) a sale, substitution or exchange pursuant to any of Sections 2.04, 3.15, 7.02, 7.03, 7.05 or 7.06 or (ii) in connection with a Series Collateral Release or a Qualified
Deleveraging Event, a sale of Owned Properties or Loans to (x) a third party that is unaffiliated with SCF Realty Capital or (y) an SCF SPE, in each case, shall not be taken into consideration for purposes of the first sentence of this
Section 7.04(b). 
 (c) No sale of a Property or Loan to a third party, SCF Realty Capital or any of its Affiliates or to an SCF SPE may
occur if an Early Amortization Period would occur as a result of such sale. 
 Section 7.05 Terminated Lease Property and REO
Property. 
 An Issuer may remove a Terminated Lease Property or REO Property from the Collateral Pool in exchange for the addition of
one or more Qualified Substitute Properties to the Collateral Pool pursuant to the provisions of Section 7.01, 7.09 and 7.11. 

Section 7.06 Risk-Based or Credit Risk Substitution. 

Each applicable Issuer may (A) with respect to a Lease, remove an Owned Property from the Collateral Pool in exchange for the addition of
one or more Qualified Substitute Properties to the Collateral Pool, or (B) solely with respect to (iv) below, remove a Loan from the Collateral Pool in exchange for one or more Qualified Substitute Loans or Qualified Substitute Properties
to the Collateral Pool pursuant to the provisions of Section 7.01; provided that: (i) the remaining term to maturity of the related Lease is less than three (3) years from the date of the proposed substitution and the Property
Manager, in accordance with the Servicing Standard, determines that there is a reasonable risk of non-renewal of such Lease (“Non-Renewal Risk”);
(ii) based on written communications from the Tenant under such Lease, the Property Manager, in accordance with the Servicing Standard, determines that there is a Non-Renewal Risk; (iii) the
applicable Issuer has received from the Tenant under the related Lease for such Owned Property written notice of the non-renewal of such Lease; or (iv) the Property Manager, in accordance with the
Servicing Standard, determines that there is a reasonable risk of monetary default by the Tenant under such Lease or the Borrower under such Loan, as applicable (“Credit Risk” and any substitution related to clauses (i),
(ii), (iii) or (iv), collectively, a “Risk-Based Substitution”). In addition, the Property Manager or the applicable Issuer shall provide to the Indenture Trustee an explanation of the
Non-Renewal Risk or Credit Risk, including, if applicable, a copy of any written communication from the Tenant or Borrower related to such Non-Renewal Risk or Credit
Risk, as well as a summary description of the anticipated Qualified Substitute Property or Qualified Substitute Loan, as applicable. 

Section 7.07 Disposition Period. 

During the Disposition Period, the Property Manager will be required to utilize efforts consistent with the Servicing Standard to cause all of
the Loans and Owned Properties and related Leases to be released from the Collateral Pool prior the Rated Final Payment Date by receiving payment of the Release Price for such Loans, Owned Properties and Leases through the sale of such Properties to
a third party, SCF Realty Capital or to an SCF SPE. 

  
 90 

 Section 7.08 Minimum Required Interest and U.S. Credit Risk Retention
Rules. 
 (a) No Issuer shall, and the Property Manager shall not permit any Issuer to, acquire any Lease, Loan or Owned Property unless
such acquisition complies with the terms of the Risk Retention Agreement. For the avoidance of doubt, (i) Leases, Loans and Owned Properties contributed by SCF Realty Capital to an Issuer pursuant to a Property Transfer Agreement and
(ii) Direct Purchase Assets that are distributed by an Issuer to SCF Realty Capital and subsequently contributed by SCF Realty Capital to such Issuer shall satisfy the foregoing. 

(b) SCF Realty Capital is the appropriate entity to comply with all legal requirements imposed on the “sponsor of a securitization
transaction” in accordance with the U.S. Credit Risk Retention Rules and will comply with all legal requirement imposed on the “sponsor of a securitization transaction” in accordance with the U.S. Credit Risk Retention
Rules. 
 (c) SCF Realty Capital and its Affiliates shall not (i) transfer, assign, exchange or otherwise pledge or convey all or any
part of its limited liability company interests in the Issuers, (ii) engage in any hedging transaction if payments on the hedge instrument are materially related to the limited liability company interests of the Issuers and the hedge position
would limit the financial exposure of the holder of the limited liability company interests of the Issuers, or (iii) pledge its interest in the limited liability company interests of the Issuers as collateral for any financing, in each case,
unless permitted by the U.S. Credit Risk Retention Rules. 
 (d) On the first Payment Date following the date hereof, the Property
Manager shall cause the Trustee Report to include the disclosure required pursuant to §246.4(c)(1)(ii) of the U.S. Credit Risk Retention Rules. 

Section 7.09 Like-Kind Exchange. 

(a) Subject to the limitations set forth in Section 7.01(a), each Issuer shall have the right to have released from the lien of the
related Mortgage and the Indenture a Released Property for the purposes of consummating an Exchange in accordance with the terms of the Master Exchange Agreement. The funds held in the Exchange Account may be held as cash or invested in Permitted
Investments in accordance with the Escrow Agreement. In connection with a release of Properties or Loans pursuant to this Section 7.09(a), upon the Indenture Trustee’s receipt of an Officer’s Certificate by the applicable Issuer or
the Property Manager certifying that all conditions set forth herein have been satisfied, upon which the Indenture Trustee shall be permitted to fully rely and shall have no liability for so relying without any obligation to confirm or verify, the
Indenture Trustee shall release to such Issuer or its designee, which may include the Qualified Intermediary, the related Lease File and execute and deliver such instruments of release, transfer or assignment, in each case without recourse, that
shall be provided to it by such Issuer and are reasonably necessary to release any Mortgage or other lien or security interest in such Property and the related Lease from the lien of the Indenture. 

  
 91 

 (b) Any Replacement Property acquired by an Issuer pursuant to the Master Exchange Agreement
shall satisfy the criteria set forth in the definition of “Qualified Substitute Property”. 
 (c) No Issuer may transfer a Released
Property to the Qualified Intermediary pursuant to Section 7.09(a) and the Master Exchange Agreement unless: 
 (i) no
Early Amortization Period or DSCR Sweep Period has occurred and is continuing or would result from the making of such transfer; 

(ii) the Termination Date has not occurred and is not then in effect; 

(iii) if, after giving effect to such transfer, the amount of Relinquished Property Proceeds in the Exchange Account exceeds
the Exchange Threshold, SCF Realty Capital has deposited the related Exchange Cash Collateral pursuant to Section 7.10(b); 

(iv) the Required Conditions have been satisfied; and 

(v) the representations and warranties of the Qualified Intermediary in the Master Exchange Agreement are true and correct on
and as of the date of such transfer with the same effect as though made on and as of such date. 
 (d) The Relinquished Property Proceeds
deposited into the Exchange Account in connection with the sale or disposition of a Relinquished Property shall be an amount equal to or greater than the Fair Market Value of such Relinquished Property. 

(e) Relinquished Property Proceeds transferred from the Exchange Account to the Release Account pursuant to the Escrow Agreement shall be
applied in accordance with Section 3.05(b). 
 (f) In no event shall funds in the Release Account, the Collection Account or the
Exchange Reserve Account or any other funds that are subject to the lien of the Indenture be utilized as Additional Subsidies for the purposes of acquiring a Replacement Property pursuant to the Master Exchange Agreement. In no event shall SCF
Realty Capital directly deposit any Additional Subsidies into the Exchange Account; provided, that SCF Realty Capital may elect to make a capital contribution to the applicable Issuer and cause such Issuer to deposit such amounts into the
Exchange Account as Additional Subsidies. 
 (g) For the avoidance of doubt, the Indenture Trustee shall not have the benefit, directly or
indirectly, of a lien on any amounts on deposit in the Exchange Account. 
 Section 7.10 Exchange Reserve Account. 

(a) SCF Realty Capital shall deposit or cause to be deposited, in a segregated account in the name of the Indenture Trustee (the
“Exchange Reserve Account”), Exchange Cash Collateral in accordance with this Section 7.10. The Exchange Reserve Account shall be an Eligible Account. Initially, the Exchange Reserve Account bank shall be Citibank, N.A.

  
 92 

 (b) If (i) on any Determination Date, the amount of Relinquished Property Proceeds in the
Exchange Account exceeds the Exchange Threshold or (ii) in connection with a transfer of a Released Property to the Qualified Intermediary pursuant to Section 7.09(a) the amount of Relinquished Property Proceeds in the Exchange Account
would exceed the Exchange Threshold after giving effect to such transfer, in each case SCF Realty Capital shall deposit the applicable Excess Exchange Amount, if any, into the Exchange Reserve Account (any such amounts deposited into the Exchange
Reserve Account, the “Exchange Cash Collateral”). 
 (c) At any time that the Excess Exchange Amounts are reduced to
zero, the Indenture Trustee shall transfer all of the Exchange Cash Collateral to SCF Realty Capital; provided, that SCF Realty Capital has delivered an Officer’s Certificate to the Indenture Trustee, upon which the Indenture Trustee
shall be permitted to fully rely and shall have no liability for so relying without any obligation to confirm or verify, certifying that the Excess Exchange Amounts have been reduced to zero; provided, further that if an Early
Amortization Period is in effect, all amounts on deposit in the Exchange Reserve Account shall be immediately transferred as Unscheduled Proceeds to the Collection Account and applied as Unscheduled Principal Payments on the Payment Date following
the commencement of such Early Amortization Period. 
 (d) On or before any Required Transfer Instruction Date, the Property Manager or the
Special Servicer shall deliver a notice to the Indenture Trustee, upon which the Indenture Trustee shall be permitted to fully rely and shall have no liability for so relying without any obligation to confirm or verify, stating the Required Transfer
Instruction Date and the amount of Relinquished Property Proceeds that are required to be transferred from the Exchange Account to the Release Account pursuant to the terms of the Master Exchange Agreement and the Escrow Agreement. If such
Relinquished Property Proceeds are not deposited into the Release Account on or before the third (3rd) Business Day following such Required Transfer Instruction Date (such Relinquished Property Proceeds, the “Delayed
Proceeds”), an amount equal to the lesser of (i) such Delayed Proceeds and (ii) the then-current amount of Exchange Cash Collateral will be transferred from the Exchange Reserve Account to the Collection Account and treated as
Unscheduled Proceeds (the date of such transfer, the “ERA Transfer Date”). 
 (e) If, following the ERA Transfer
Date, the related Delayed Proceeds are transferred from the Exchange Account to the Release Account, and an Early Amortization Period is not then in effect, the amount of such Delayed Proceeds will be reduced by the amount of such Exchange Cash
Collateral (such amount as reduced, the “Adjusted Delayed Proceeds”) and (i) such Adjusted Delayed Proceeds will remain in the Release Account and (ii) the excess of the amounts of such Delayed Proceeds over the
Adjusted Delayed Proceeds will be remitted to SCF Realty Capital. For the avoidance of doubt, if an Early Amortization Period is in effect, all Delayed Proceeds deposited into the Release Account shall immediately be transferred to the Collection
Account and treated as Unscheduled Proceeds. 

  
 93 

 Section 7.11 Series Collateral Release. 

(a) In accordance with Article VII of the Indenture and subject to Section 7.01(a) and 7.11(b), one or more Issuers may sell any
Owned Property and the related Lease or any Loan in connection with a prepayment in full of a Series of Notes (a “Series Collateral Release”). Any Series Collateral Release Price received or contributed in connection with a
Series Collateral Release shall be deposited into the Collection Account and applied by the Indenture Trustee in accordance with the terms of the Indenture. For the avoidance of doubt, SCF Realty Capital may elect to make a capital contribution to
one or more Issuers for the purposes of paying the applicable Series Collateral Release Price and the related Released Properties and/or Released Loans may be distributed by the applicable Issuer to SCF Realty Capital. 

(b) No Series Collateral Release shall occur unless (i) the Rating Condition is satisfied, (ii) no Early Amortization Period will
occur following such Series Collateral Release and (iii) the Series 2016-1 Notes have been redeemed in full. 

(c) Any Series Collateral Release Prices that are required to be transferred from the Collection Account to the Release Account pursuant to the
Indenture shall be treated as a “Release Price” and applied in accordance with Section 3.05(b). 
 (d) Any Released Property
or Released Loan sold (i) directly to SCF Realty Capital in connection with a Series Collateral Release shall be taken into consideration for the purposes of the limitations set forth in Sections 7.01(a) and 7.04(b) or (ii) (x) to a
third party unaffiliated with SCF Realty Capital or (y) an SCF SPE, in each case, shall not be taken into consideration for the purposes of the limitations set forth in Sections 7.01(a) or 7.04(b). 

(e) In connection with a release of Properties or Loans pursuant to Section 7.11(a), upon the Indenture Trustee’s receipt of an
Officer’s Certificate by the applicable Issuer or Property Manager, upon which the Indenture Trustee shall be permitted to fully rely and shall have no liability for so relying without any obligation to confirm or verify, certifying that all
conditions set forth herein have been satisfied, upon which the Indenture Trustee shall be permitted to fully rely and shall have no liability for so relying without any obligation to confirm or verify, the Indenture Trustee shall release to such
Issuer or its designee the related Lease File or Loan File and execute and deliver such instruments of release, transfer or assignment, in each case without recourse, that shall be provided to it by such Issuer and are reasonably necessary to
release any Mortgage or other lien or security interest in such Property and the related Lease or Loan from the lien of the Indenture. 
 (f)
Any Replacement Property acquired by an Issuer pursuant to the Master Exchange Agreement shall constitute Collateral and become subject to the lien of the Indenture in accordance with the terms thereof. 

(g) To the extent that the Master Exchange Agreement or the Escrow Agreement requires the Property Manager or any Issuer to provide written
instruction to the Escrow Agent directing the transfer of Relinquished Property Proceeds from the Exchange Account to the Release Account, the Property Manager or such Issuer, as applicable, shall promptly deliver such written instruction in
accordance with the terms of the Master Exchange Agreement and the Escrow Agreement; provided, that in no event shall Additional Subsidies be transferred from the Exchange Account to the Release Account. 

  
 94 

 Section 7.12 Qualified Deleveraging Event. 

(a) In connection with a Qualified Deleveraging Event, if applicable to a Series of Notes, and subject to the restrictions set forth in
Section 7.04(a), the Issuers may release Properties or Loans with an aggregate Allocated Loan Amount not to exceed the Qualified Release Amount; provided, however, after giving effect to the release of such Properties or Loans to
the related Issuer, (i) the release of such Properties or Loans shall not trigger an Event of Default or Early Amortization Period (including but not limited to the Issuers’ obligations to maintain the
3-month Average DSCR) and (ii) a Maximum Property Concentration is not exceeded (or if, prior to such release, an existing Maximum Property Concentration is already exceeded, the release of such
Properties or Loans will reduce such property concentration or such property concentration will remain unchanged after giving effect to such release). 

(b) In connection with a release of Properties or Loans pursuant to Section 7.12(a), upon the Indenture Trustee’s receipt of an
Officer’s Certificate by the applicable Issuer or Property Manager, upon which the Indenture Trustee shall be permitted to fully rely and shall have no liability for so relying without any obligation to confirm or verify, certifying that all
conditions set forth herein have been satisfied, the Indenture Trustee shall release to such Issuer or its designee the related Lease File or Loan File and execute and deliver such instruments of release, transfer or assignment, in each case without
recourse, that shall be provided to it by such Issuer and are reasonably necessary to release any Mortgage or other lien or security interest in such Property and the related Lease or Loan from the lien of the Indenture. 

ARTICLE VIII 
 TERMINATION

 Section 8.01 Termination. 

The respective obligations and responsibilities under this Agreement of the Property Manager, the Special Servicer, the Back-Up Manager and each Issuer shall terminate upon the earlier of (i) liquidation or final payment under the last remaining Loan or Lease with respect to a Property included in the Collateral Pool and
(ii) satisfaction of the indebtedness evidenced by the Notes, whereupon the Indenture Trustee shall execute and deliver to the Issuers such instruments of release, transfer or assignment, in each case without recourse, as shall be provided to
it by the Issuers and reasonably necessary to release any lien or security interest in the subject Loans, Properties and Leases. 

  
 95 

 ARTICLE IX 

MISCELLANEOUS PROVISIONS 

Section 9.01 Amendment. 

Subject to the provisions of the Indenture governing amendments, supplements and other modifications to this Agreement, this Agreement may be
amended by the parties hereto from time to time but only by the mutual written agreement signed by the parties hereto. The Property Manager shall furnish to each party hereto and to each Issuer a fully executed counterpart of each amendment to this
Agreement. 
 The parties hereto agree that no modifications or amendments will be made to the Indenture, any Series Supplement or other
Transaction Documents without the consent of the Property Manager, the Special Servicer or the Back-Up Manager, as applicable, if such person would be materially adversely affected by such modification or
amendment, regardless of whether such person is a party to such agreement. 
 Section 9.02 Counterparts. 

This Agreement may be executed in several counterparts, each of which counterparts shall be deemed an original instrument and all of which
together shall constitute a single Agreement. Delivery of an executed counterpart of a signature page of this Agreement in Portable Document Format (PDF) or by facsimile transmission shall be as effective as delivery of a manually executed original
counterpart of this Agreement. 
 Section 9.03 Governing Law. 

THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE
PERFORMED IN SUCH STATE (WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES), AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

Section 9.04 Notices. 

All notices, requests and other communications hereunder shall be in writing and, unless otherwise provided herein, shall be deemed to have
been duly given if delivered by courier or mailed by first class mail, postage prepaid, or if transmitted by facsimile and confirmed in a writing delivered or mailed as aforesaid, to: 

(a) in the case of SCF Realty Capital, as the initial Property Manager and initial Special Servicer, SCF Realty Capital LLC, 47 Hulfish St.,
Ste. 210, Princeton, NJ 08542; 
 (b) in the case of any Issuer, 47 Hulfish St., Ste. 210, Princeton, NJ 08542, or such address as provided
in any Joinder Agreement; 
 (c) in the case of the Indenture Trustee, 388 Greenwich Street, New York, NY 10013, Attention: Citibank
Agency & Trust – SCF Realty Capital Master Trust; 
 (d) in the case of the applicable Rating Agency, as provided in each
outstanding Series Supplement; and 
 (e) in the case of the Back-Up Manager, 10851 Mastin, Suite
300, Overland Park, Kansas 66210, Attention: President; 

  
 96 

 or, as to each such Person, to such other address and facsimile number as shall be designated by such Person in a
written notice to parties hereto. Any notice required or permitted to be delivered to a holder of Issuer Interests or Notes shall be deemed to have been duly given if mailed by first class mail, postage prepaid, at the address of such holder as
shown in the register maintained for such purposes under the applicable Issuer LLC Agreement and the Indenture, respectively. Any notice so mailed within the time prescribed in this Agreement shall conclusively be presumed to have been duly given,
whether or not such holder receives such notice. 
 Section 9.05 Severability of Provisions. 

If any one or more of the covenants, agreements, provisions or terms of this Agreement shall be for any reason whatsoever held invalid, then
such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way affect the validity or enforceability of the other provisions of this
Agreement. 
 Section 9.06 Effect of Headings and Table of Contents. 

The article and section headings and the table of contents herein are for convenience of reference only and shall not limit or otherwise affect
the construction hereof. 
 Section 9.07 Notices to the Rating Agencies and Others. 

(a) The Indenture Trustee shall promptly provide notice to the applicable Rating Agency with respect to each of the following of which the
Indenture Trustee has actual knowledge: 
 (i) any material change or amendment to this Agreement; 

(ii) the occurrence of any Servicer Replacement Event that has not been cured; and 

(iii) the resignation or termination of the Property Manager or the Special Servicer and the appointment of a successor. 

(b) The Property Manager shall promptly provide notice to the applicable Rating Agency with respect to each of the following of which it has
actual knowledge: 
 (i) the resignation or removal of the Indenture Trustee and the appointment of a successor; 

(ii) any change in the location of the Collection Account; 

(iii) any change in the identity of a Tenant or Borrower; and 

  
 97 

 (iv) any addition or removal of a Loan or Property from the Collateral. 

(c) Each of the Property Manager and the Special Servicer, as the case may be, shall furnish the applicable Rating Agency such information with
respect to the Loans, Leases and Properties as such Rating Agency shall reasonably request and that the Property Manager or the Special Servicer, as the case may be, can reasonably provide. 

(d) Each of the Property Manager and the Special Servicer, as the case may be, shall promptly furnish the applicable Rating Agency and the
Issuers with copies of the following items: 
 (i) each of its quarterly statements as to compliance described in
Section 3.11; and 
 (ii) each report prepared by it pursuant to Section 4.01. 

(e) The Property Manager shall promptly provide notice to the Escrow Agent and the Qualified Intermediary with respect to each of the following
of which it has actual knowledge: 
 (i) the occurrence of an Early Amortization Event; and 

(ii) the occurrence of a DSCR Sweep Period. 

(f) Any Officer’s Certificate, Opinion of Counsel, report, notice, request or other material communication prepared by the Property
Manager, the Special Servicer, each Issuer, the Issuer Members on behalf of the Issuers, or the Indenture Trustee, or caused to be so prepared, for dissemination to any of the parties to this Agreement or any holder of Notes or Issuer Interests
shall also be concurrently forwarded by such Person to SCF Realty Capital, the Issuers and the Initial Purchasers to the extent not otherwise required to be so forwarded. Any Officer’s Certificate delivered under this Agreement or any other
Transaction Document shall be deemed to have been delivered by the Person which is a party to this Agreement with respect to which the same was delivered, and under no circumstances shall the officer or other person executing the same have any
personal liability under or in connection with any Officer’s Certificate executed by it. 
 Section 9.08 Successors and
Assigns: Beneficiaries. 
 The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and the
respective successors and assigns of the parties hereto, and all such provisions shall inure to the benefit of each Issuer and the Noteholders. No other person, including any Tenant or Borrower, shall be entitled to any benefit or equitable right,
remedy or claim under this Agreement. 
 Section 9.09 Complete Agreement. 

This Agreement embodies the complete agreement among the parties with respect to the subject matter hereof and may not be varied or, other than
pursuant to Section 8.01, terminated except by a written agreement conforming to the provisions of Section 9.01. All prior negotiations or representations of the parties are merged into this Agreement and shall have no force or effect
unless expressly stated herein. 

  
 98 

 Section 9.10 Consent to Jurisdiction. 

Any action or proceeding against any of the parties hereto relating in any way to this Agreement may be brought and enforced in the courts of
the State of New York sitting in the borough of Manhattan or of the United States District Court for the Southern District of New York and each of the parties hereto irrevocably submits to the jurisdiction of each such court in respect of any such
action or proceeding. Each of the parties hereto hereby waives, to the fullest extent permitted by law, any right to remove any such action or proceeding by reason of improper venue or inconvenient forum. 

Section 9.11. No Proceedings. 

The Property Manager, the Special Servicer, each Issuer (with respect to any other Issuer) and the
Back-Up Manager hereby covenant and agree that, prior to the date which is two years and thirty-one days after the payment in full of the latest maturing Note, it will
not institute against, or join with, encourage or cooperate with any other Person in instituting, against an Issuer any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings, under any federal or state
bankruptcy or similar law; provided, however, that nothing in this Section 9.11 shall constitute a waiver of any right to indemnification, reimbursement or other payment from the Issuer pursuant to the Indenture. In the event that
any such Person takes action in violation of this Section 9.11, the applicable Issuer, shall file or cause to be filed an answer with the bankruptcy court or otherwise properly contesting the filing of such a petition by any such Person against
such Issuer or the commencement of such action and raising the defense that such Person has agreed in writing not to take such action and should be estopped and precluded therefrom and such other defenses, if any, as its counsel advises that it may
assert. The provisions of this Section 9.11 shall survive the termination of this Agreement, and the resignation or removal of any party hereto. Nothing contained herein shall preclude participation by any Person in the assertion or defense of
its claims in any such proceeding involving an Issuer. 
 The obligations of each Issuer under this Agreement are solely the obligations of
such Issuer. No recourse shall be had for the payment of any amount owing in respect of any fee hereunder or any other obligation or claim arising out of or based upon this Agreement against any member, employee, officer or director of such Issuer.
Fees, expenses, costs or other obligations payable by an Issuer hereunder shall be payable by such Issuer solely to the extent that funds are then available or thereafter become available for such purpose pursuant to Section 2.11 of the
Indenture. In the event that sufficient funds are not available for their payment pursuant to Section 2.11 of the Indenture, the excess unpaid amount of such fees, expenses, costs or other obligations shall in no event constitute a claim (as
defined in Section 101 of the Bankruptcy Code) against, or corporate obligation of, such Issuer. 

  
 99 

 Section 9.11 Cooperation. 

Each party hereto and each Noteholder (by its acceptance of a Note) hereby agrees to act diligently in responding to a request made by any
other party to this Agreement and agrees to reasonably cooperate with the requesting party in connection with the subject matter. 

Section 9.12 Acknowledgment of Receipts by Indenture Trustee. 

Upon request, within ten (10) Business Days after its receipt of any notice, document or other delivery pursuant to any Transaction
Document, the Indenture Trustee shall acknowledge its receipt of the same in writing delivered to the party that delivered the same to the Indenture Trustee. 

  
 100 

 IN WITNESS WHEREOF, the Issuers, the Property Manager and Special Servicer, the Back-Up Manager and the Indenture Trustee have caused this Agreement to be duly executed by their respective officers or representatives all as of the day and year first above written. 

 

			
	 SCF REALTY CAPITAL LLC,
 a Delaware
limited liability company, as
 Property Manager and Special Servicer

		
	By:	 	 /s/ Peter M. Mavoides

	Name:	 	Peter M. Mavoides
	Title:	 	President and Chief Executive Officer
	
	 SCF RC FUNDING I LLC,
 a Delaware
limited liability company, as an Issuer

	
	By: SCF Realty Capital LLC, as Manager
		
	By:	 	 /s/ Peter M. Mavoides

	Name:	 	Peter M. Mavoides
	Title:	 	President and Chief Executive Officer
	
	 SCF RC FUNDING II LLC,
 a Delaware
limited liability company, as an Issuer

	
	By: SCF Realty Capital LLC, as Manager
		
	By:	 	 /s/ Peter M. Mavoides

	Name:	 	Peter M. Mavoides
	Title:	 	President and Chief Executive Officer
	
	 SCF RC FUNDING III LLC,
 a Delaware
limited liability company, as an Issuer

	
	By: SCF Realty, Capital LLC, as Manager
		
	By:	 	 /s/ Peter M. Mavoides

	Name:	 	Peter M. Mavoides.
	Title:	 	President and Chief Executive Officer

 Property Management Agreement 

 
			
	Citibank, N.A., not in its individual capacity but solely as Indenture Trustee

 
			
		
	By:	 	 /s/ John Hannon

 
			
	Name:	 	John Hannon
	Authorized Signatory

 Property Management Agreement 

 
			
	 MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION,

as Back-Up Manager

 
			
		
	By:	 	 /s/ Bradley J. Hauger

			
	Name:	 	Bradley J. Hauger
	Title:	 	Senior Vice President

 Property Management Agreement 

 EXHIBIT A 

[RESERVED] 

  
 EXHIBIT A-1 

 EXHIBIT B-1 

FORM OF REQUEST FOR RELEASE – PROPERTY MANAGER 

[Date] 
 Citibank, N.A., not in its individual
capacity 
 but solely as Indenture Trustee 
 388 Greenwich
Street 
 New York, New York 10013 
 Attention:
Agency & Trust – SCF Realty Capital Master Trust 
 SCF RC Funding I LLC 

47 Hulfish St., Ste. 210 
 Princeton, NJ 08542 

Attention: Pete Mavoides 
 SCF RC Funding II LLC 

47 Hulfish St., Ste. 210 
 Princeton, NJ 08542 

Attention: Pete Mavoides 
 SCF RC Funding III LLC 

47 Hulfish St., Ste. 210 
 Princeton, NJ 08542 

Attention: Pete Mavoides 
 Re: SCF Realty
Capital Master Funding, Net-Lease Mortgage Notes 
 In connection with the administration of the
Lease Files and Loan Files held by or on behalf of you as trustee under that certain Amended and Restated Property Management and Servicing Agreement, dated as of July 11, 2017 (the “Property Management Agreement”), among SCF
RC Funding I LLC, SCF RC Funding II LLC, SCF RC Funding III LLC and each Joining Party, each as an issuer (each, an “Issuer” and collectively, the “Issuers”), SCF Realty Capital LLC (“SCF Realty
Capital”), as property manager and special servicer (together with its successors in such capacities, the “Property Manager” and “Special Servicer,” respectively), Citibank, N.A., not individually but
solely as indenture trustee (together with its successors in such capacity, the “Indenture Trustee”) and Midland Loan Services, a division of PNC Bank, National Association, as Back-Up Manager
(together with its successors in such capacity, the “Back-Up Manager”), the undersigned as Property Manager hereby requests a release of the [Lease Files] [and] [Loan Files] (or the portion
thereof specified below) held by the Custodian on behalf of the Indenture Trustee with respect to the following described [Lease] [and] [Loan] for the reason indicated below. 

[Tenant’s Name: 
 Address: 

Lease No.:] 

  
 EXHIBIT B-1-1 

 [Borrower’s Name: 

Address: 
 Loan No.:] 

If only particular documents in the [Lease File] [and] [Loan File] are requested, please specify which: 

Reason for requesting [Lease File] [and] [Loan File] (or portion thereof): 
  

			
	            1.	  	[Lease] [Loan] paid in full and terminated.
		
		  	The undersigned hereby certifies that all amounts received in connection with the [Lease] [Loan] that are required to be deposited in the Collection Account pursuant to the Property Management Agreement, have been or will be so
deposited.
		
	            2.	  	Other. (Describe)

 The undersigned acknowledges that the above [Lease File] [and] [Loan File] (or requested portion thereof) will
be held by the undersigned in accordance with the provisions of the Property Management Agreement and will be returned to you or your designee within ten (10) days of our receipt thereof, [unless the Lease has become a Liquidated Lease, in
which case the Lease File (or such portion thereof) will be retained by us permanently]. 
 Capitalized terms used but not defined herein
shall have the meanings ascribed to them in the Property Management Agreement. 
  

			
	 SCF REALTY CAPITAL LLC,
 as Property
Manager and Special Servicer

		
	By:	 	  

		 	Name:
		 	Title:

  
 EXHIBIT B-1-2 

 EXHIBIT B-2 

FORM OF REQUEST FOR RELEASE – SPECIAL SERVICER 

[Date] 
 Citibank, N.A., not in its individual
capacity 
 but solely as Indenture Trustee 
 388 Greenwich
Street 
 New York, New York 10013 
 Attention:
Agency & Trust – SCF Realty Capital Master Trust 
  

			
	SCF RC Funding I LLC	  	SCF RC Funding II LLC
	47 Hulfish St., Ste. 210	  	47 Hulfish St., Ste. 210
	Princeton, NJ 08542	  	Princeton, NJ 08542
	Attention: Pete Mavoides	  	Attention: Pete Mavoides

 SCF RC Funding III LLC 
 47
Hulfish St., Ste. 210 
 Princeton, NJ 08542 
 Attention: Pete
Mavoides 
 [ADDITIONAL ISSUERS] 

[                    ] 

[                    ] 

Re: SCF Realty Capital Master Funding, Net-Lease Mortgage Notes 

In connection with the administration of the Lease Files and Loan Files held by or on behalf of you as trustee under a certain Amended and
Restated Property Management and Servicing Agreement, dated as of July 11, 2017 (the “Property Management Agreement”), SCF RC Funding I LLC, SCF RC Funding II LLC, SCF RC Funding III LLC and each Joining Party, each as an issuer
(each, an “Issuer” and collectively, the “Issuers”, SCF Realty Capital LLC (“SCF Realty Capital”), as property manager and special servicer (together with its successors in such capacities, the “Property
Manager” and “Special Servicer,” respectively), Citibank, N.A., not individually but solely as indenture trustee (together with its successors in such capacity, the “Indenture Trustee”) and Midland Loan Services, a division
of PNC Bank, National Association, as Back-Up Manager (together with its successors in such capacity, the “Back-Up Manager”), the undersigned as Property
Manager hereby requests a release of the [Lease Files] [and] [Loan Files] (or the portion thereof specified below) held by the Custodian on behalf of the Indenture Trustee with respect to the following described [Lease] [and] [Loan] for the reason
indicated below. 
 [Tenant’s Name: 
 Address: 

Loan No.:] 

  
 EXHIBIT B-2-1 

 [Borrower’s Name: 

Address: 
 Loan No.:] 

If only particular documents in the [Lease File] [and] [Loan File] are requested, please specify which: 

Reason for requesting [Lease File] [and] [Loan File] (or portion thereof): 
  

			
	            1.	  	The [Tenant] [Borrower] is being evicted.
		
	            3.	  	Other. (Describe)

 The undersigned acknowledges that the above [Lease File] [and] [Loan File] (or requested portion thereof) will
be held by the undersigned in accordance with the provisions of the Property Management Agreement and will be returned to you or your designee within ten (10) days of our receipt thereof, unless (i) the [Tenant] [Borrower] is being
evicted, in which case the [Lease File] [and] [Loan File] (or such portion thereof) will be returned when no longer required by us for such purpose, or (ii) we deliver to the Indenture Trustee an Officer’s Certificate stating that the
Lease has become a Liquidated Lease and all amounts received or to be received in connection with such liquidation that are required to be deposited into the Collection Account pursuant to Section 3.02(a) have been or will be so deposited. 

Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Property Management Agreement. 

 

			
	 SCF REALTY CAPITAL LLC,
 as Property
Manager and Special Servicer

		
	By:	 	  

		 	Name:
		 	Title:

  
 EXHIBIT B-2-2 

 EXHIBIT C-1 

FORM OF NOTICE AND ACKNOWLEDGMENT OF 

DESIGNATION OF REPLACEMENT SPECIAL SERVICER 

[Date] 
 [RATING AGENCY] 

Re: SCF Realty Capital Master Funding, Net-Lease Mortgage Notes 

Ladies and Gentlemen: 
 This notice is being
delivered pursuant to Section 5.06 of that certain Amended and Restated Property Management and Servicing Agreement, dated as of July 11, 2017 (the “Agreement”), among SCF RC Funding I LLC, SCF RC Funding II LLC, SCF RC Funding
III LLC and each Joining Party, each as an issuer (each, an “Issuer” and collectively, the “Issuers”, SCF Realty Capital LLC (“SCF Realty Capital”), as property manager and special servicer (together with its successors
in such capacities, the “Property Manager” and “Special Servicer,” respectively), Citibank, N.A., not individually but solely as indenture trustee (together with its successors in such capacity, the “Indenture Trustee”)
and Midland Loan Services, a division of PNC Bank, National Association, as Back-Up Manager (together with its successors in such capacity, the “Back-Up
Manager”). Capitalized terms used but not otherwise defined herein shall have respective meanings assigned to them in the Agreement. 

Notice is hereby given that the [                ] has
designated                      to serve as the Special Servicer under the Agreement. 

The designation of                     as
Special Servicer will become final if certain conditions are met and the applicable Rating Agency delivers to the Issuers and the Indenture Trustee written confirmation that if the person designated to become the Special Servicer were to serve as
such, such event would not result in the downgrade, qualification or withdrawal of the higher of (i) such Rating Agency’s then current ratings of the Notes and (ii) the rating of the Notes a the time of the original issuance thereof.
Accordingly, such confirmation is hereby requested as soon as possible. 
 Please acknowledge receipt of this notice by signing the enclosed
copies of this notice where indicated below and returning them to each of the Issuers and the Indenture Trustee, in the enclosed stamped self-addressed envelope. 

 

	
	Very truly yours,
	
	                                      
                                         
     ,
	as Indenture Trustee

  

  
 EXHIBIT C-1-1 

			
	By:	 	  

		 	Name:                                     
                                 
		 	Title:                                     
                                   

  

			
	 Receipt acknowledged:
  

	 S&P GLOBAL, INC.
  

	By:	 	  

		 	Name:                                     
                                 
		 	Title:                                     
                                   
		 	Date:                                     
                                   

  
 EXHIBIT C-1-2 

 EXHIBIT C-2 

FORM OF ACKNOWLEDGMENT BY 

PROPOSED SPECIAL SERVICER ACCEPTING APPOINTMENT 

[Date] 
 SCF RC Funding I LLC 

47 Hulfish St., Ste. 210 
 Princeton, NJ 08542 

Attention: Pete Mavoides 
 SCF RC Funding II LLC 

47 Hulfish St., Ste. 210 
 Princeton, NJ 08542 

Attention: Pete Mavoides 
 SCF RC Funding III LLC 

47 Hulfish St., Ste. 210 
 Princeton, NJ 08542 

Attention: Pete Mavoides 
 [ADDITIONAL ISSUERS] 

[                    ] 

[                    ] 

Citibank, N.A., not in its individual capacity 
 but solely as
Indenture Trustee 
 388 Greenwich Street 
 New York, New York
10013 
 Attention: Agency & Trust – SCF Realty Capital Master Trust 

Re: SCF Realty Capital Master Funding, Net-Lease Mortgage Notes  

Ladies and Gentlemen: 
 Pursuant to
Section 5.06 of the Amended and Restated Property Management and Servicing Agreement, dated as of July 11, 2017 (the “Agreement”, among SCF RC Funding I LLC, SCF RC Funding II LLC, SCF RC Funding III LLC and each Joining Party,
each as an issuer (each, an “Issuer” and collectively, the “Issuers”, SCF Realty Capital LLC (“SCF Realty Capital”, as property manager and special servicer (together with its successors in such capacities, the
“Property Manager” and “Special Servicer,” respectively, Citibank, N.A., not individually but solely as indenture trustee (together with its successors in such capacity, the “Indenture Trustee” and Midland Loan
Services, a division of PNC Bank, National Association, as Back-Up Manager (together with its successors in such capacity, the “Back-Up Manager”, the
undersigned hereby agrees with all the other parties to the Agreement that the undersigned shall serve as Special Servicer under, and as defined in, the Agreement. The undersigned hereby acknowledges that, as of the date hereof, it is and shall be a
party to the Agreement and bound 

  
 EXHIBIT C-2-1 

 
thereby to the full extent indicated therein in the capacity of Special Servicer. The undersigned hereby makes, as of the date hereof, the representations and warranties set forth in
Section 2.01 of the Agreement, with the following corrections with respect to type of entity and jurisdiction of organization:
                            . 

 

			
	 [NAME OF ENTITY]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 EXHIBIT C-2-2 

 EXHIBIT D 

FORM OF LIMITED POWERS OF ATTORNEY 

FROM ISSUER OR INDENTURE TRUSTEE 
 KNOW ALL MEN BY
THESE PRESENTS: 
 WHEREAS, pursuant to a certain Amended and Restated Property Management and Servicing Agreement, dated as of
July 11, 2017 (the “Agreement”), among SCF RC Funding I LLC, SCF RC Funding II LLC, SCF RC Funding III LLC and each Joining Party, each as an issuer (each, an “Issuer” and collectively, the
“Issuers”, SCF Realty Capital LLC (“SCF Realty Capital”), as property manager and special servicer (together with its successors in such capacities, the “Property Manager” and
“Special Servicer,” respectively), Citibank, N.A., not individually but solely as indenture trustee (together with its successors in such capacity, the “Indenture Trustee”) and Midland Loan Services, a
division of PNC Bank, National Association, as Back-Up Manager (together with its successors in such capacity, the “Back-Up Manager”), the
[Property Manager] [Special Servicer] (hereafter, the “Servicer”) administers and services certain “Loans,” “Properties” and “Leases” as such terms are defined in the Agreement, in accordance
with the terms of the Agreement and such Leases and Loans; and, 
 WHEREAS, pursuant to the terms of the Agreement, the Servicer is granted
certain powers, responsibilities and authority in connection with its servicing and administration subject to the terms of the Agreement; and 

WHEREAS, the [RELEVANT ISSUER] [Indenture Trustee] (hereafter, the “Grantor”) has been requested by the Servicer
pursuant to the Agreement to grant this Limited Power of Attorney to the Servicer to enable it to execute and deliver, on behalf of the Grantor, certain documents and instruments related to the Loans, Properties and Leases, thereby empowering the
Servicer to take such actions as it deems necessary to comply with its servicing, administrative and management duties under and in accordance with the Agreement. 

NOW, THEREFORE, KNOW ALL MEN BY THESE PRESENTS: 

The Grantor does make, constitute and appoint SCF Realty Capital LLC, a Delaware limited liability company, its true and lawful agent and
attorney in fact with respect to the Loans, Properties and Leases held by the Grantor, in its name, place and stead, to (A) prepare, execute and deliver: (i) any and all Financing Statements, continuation statements and other documents or
instruments necessary to maintain the validity, enforceability, perfection and priority of the Grantor’s interest in any real property (collectively, the “Collateral”) and any Lease or Loan with respect to any
Collateral; (ii) subject to the provisions of the Agreement, any and all modifications, waivers, consents, assumptions, amendments or subordinations with respect to a Lease or Loan or documents relating thereto; and (iii) any and all
instruments necessary or appropriate for the eviction of any Tenant under a Lease or foreclosure with respect to and Loan serviced by the Servicer and consistent with the authority granted by the Agreement; and (B) to take any and all actions
on behalf of the Grantor in connection with maintaining and defending the enforceability of any such Lease obligation or Loan, including but not limited to the execution of any and all instruments necessary or appropriate in defense of and for the
collection and enforcement of said Lease obligation or Loan in accordance with the terms of the Agreement. 

  
 EXHIBIT D-1 

 ARTICLE I 

The enumeration of particular powers hereinabove is not intended in any way to limit the grant to the Property Manager as the Grantor’s
attorney in fact of full power and authority with respect to the Loans, Leases and Properties to execute and deliver any such documents, instrument or other writing as fully, in all intents and purposes, as Grantor might or could do if personally
present. The Grantor hereby ratifies and confirms whatsoever such attorney in fact shall and may do by virtue hereof, and the Grantor agrees and represents to those dealing with such attorney in fact that they may rely upon this power of attorney
until termination of the power of attorney under the provisions of Article III below. The Servicer may not exercise any right, authority or power granted by this instrument in a manner that would violate the terms of the Agreement or the
Servicing Standard imposed on the Servicer by the Agreement, but any and all third parties dealing with Servicer as the Grantor’s attorney in fact may rely completely, unconditionally and conclusively on the Servicer’s authority and need
not make inquiry about whether the Servicer is acting pursuant to the Agreement or such standard. Any trustee, title company or other third party may rely upon a written statement by the Servicer that any particular lease or property in question is
subject to and included under this power of attorney and the Agreement. 
 ARTICLE II 

An act or thing lawfully done hereunder by the Servicer shall be binding on the Grantor and the Grantor’s successor and assigns. 

ARTICLE III 
 This power of
attorney shall continue in full force and effect from the date hereof until the earliest occurrence of any of the following events, unless sooner revoked in writing by the Grantor: 

(i) the suspension or termination of this limited power of attorney by the Grantor; 

(ii) the transfer of the Servicer’s servicing rights and obligations as the [Property Manager] [Special Servicer] under
the Agreement from the Servicer to another servicer; 
 (iii) the appointment of a receiver or conservator with respect to
the business of the Servicer; 
 (iv) the filing of a voluntary or involuntary petition in bankruptcy by or against the
Servicer; or 
 (v) the occurrence of a Servicer Replacement Event. 

  
 EXHIBIT D-2 

 Nothing herein shall be deemed to amend or modify the Agreement or the respective rights, duties
or obligations of the Grantor or the Servicer thereunder, and nothing herein shall constitute a waiver of any rights or remedies thereunder. 

IN WITNESS WHEREOF, the Grantor has caused this instrument to be executed and its corporate seal to be affixed hereto by its officer duly
authorized as of the              day of                         ,
                . 
  

			
	[SCF RC FUNDING I LLC, a Delaware limited liability company, as an Issuer
	
	By: SCF Realty Capital LLC, as Manager

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	
	
	SCF RC FUNDING II LLC, a Delaware limited liability company, as an Issuer
	
	By: SCF Realty Capital LLC, as Manager

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	
	
	SCF RC FUNDING III LLC, a Delaware limited liability company, as an Issuer
	
	By: SCF Realty Capital LLC, as Manager

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:]	 	
	
	[Citibank N.A., not in its individual capacity but solely as Indenture Trustee under that certain Amended and Restated Property Management and Servicing Agreement, dated as of July 11,
2017

 
			
		
	By:	 	  

 
			
		 	Name:
                                         
                       
		 	Title:
                                         
                            ]

  
 EXHIBIT D-3 

			
	STATE OF	  	)
		  	)             ss.:
	COUNTY OF	  	)

 On the                 day of
                                         ,
                , before me, a notary public in and for said State, personally appeared
                            , known to me to be
a                             of [ISSUER MANAGER] [INDENTURE TRUSTEE], the entity that executed the within
instrument as [Manager of [ISSUER]][Indenture Trustee], and also known to me to be the person who executed it on behalf of such entity, and acknowledged to me that such entity executed the within instrument. 

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. 

 

	
	  
 Notary Public

 [Notarial Seal] 

  
 EXHIBIT D-4 

 EXHIBIT E 

[RESERVED] 

  
 EXHIBIT E-1 

 EXHIBIT F 

FORM OF JOINDER AGREEMENT 
 THIS
JOINDER AGREEMENT (this “Agreement”), dated as of [            ], 201[    ], is entered into by and among
                 (the “New Issuer”), [                ] CORPORATION, in its
capacity as Property Manager and Special Servicer, as applicable, Midland Loan Services, a division of PNC Bank, National Association, in its capacity as Back-Up Manager and
[            ], not in its individual capacity but solely as Indenture Trustee (the “Indenture Trustee”), under that certain Amended and Restated Property Management and Servicing
Agreement, dated as of July 11, 2017, among SCF RC Funding I LLC, SCF RC Funding II LLC, SCF RC Funding III LLC and each Joining Party, each as an issuer (each, an “Issuer” and collectively, the “Issuers”), SCF Realty
Capital LLC, as property manager and special servicer (together with its successors in such capacities, the “Property Manager” and “Special Servicer,” respectively), the Indenture Trustee and the
Back-Up Manager (as the same may be amended, modified, extended or restated from time to time, the “Property Management Agreement”). All capitalized terms used herein and not otherwise defined shall
have the meanings set forth in the Property Management Agreement. 
 The New Issuer is a [ENTITY] established under the laws of the State of
[            ] on [            ], 201[    ], operates under an [Amended and Restated] [ENTITY AGREEMENT],
dated as of [        ], 201[    ] (the “New Issuer Agreement”). 
 The
New Issuer, the Property Manager, the Special Servicer, the Indenture Trustee and the Back-Up Manager hereby agree as follows: 

1. The New Issuer hereby acknowledges, agrees and confirms that, by its execution of this Agreement, effective as of the date hereof, the New
Issuer shall become a party to the Property Management Agreement, shall be deemed to be a signatory to the Property Management Agreement and shall have all of the rights and obligations of an Issuer as specified in the Property Management Agreement.
The New Issuer hereby ratifies, as of the date hereof, and agrees to be bound by, all of the applicable terms, provisions and conditions contained in the Property Management Agreement. 

2. The address of the New Issuer for purposes of Section 9.04(c) of the Property Management Agreement shall be as follows: 

 

			
	[ADDRESS]	 	

 
			
		
	Attention:	 	  

 
			
		
	Facsimile No.	 	  

		
		 	With a copy to

  

			
	 [ADDRESS]
	 	

 
			
		
	 Attention:
	 	
 

			
		
	Facsimile No.	 	  

  
 EXHIBIT F-1 

 3. This Agreement may be executed in any number of counterparts, each of which when so executed
and delivered shall be an original, but all of which shall constitute one and the same instrument. 
 4. THIS AGREEMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 

IN WITNESS WHEREOF, the New Issuer, the Property Manager, the Special Servicer and the Back-Up Manager
have caused this Agreement to be duly executed by their respective officers or representatives all as of the day and year first above written. 
  

			
	[NEW ISSUER]

 
			
		
	By:	 	  

 
			
	Name:
                                         
                               
	Title:                                   
                                        

	
	 SCF REALTY CAPITAL LLC, as Property

Manager

 
			
		
	By:	 	  

 
			
	Name:
                                         
                           
	Title:
                                         
                              
	
	MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION, as Back-Up Manager

 
			
		
	By:	 	  

 
			
	Name:
                                         
                           
	Title:
                                         
                              

  
 EXHIBIT F-2 

 
			
	Citibank, N.A., not in its individual capacity but solely as Indenture Trustee under that certain Amended and Restated Property Management and Servicing Agreement, dated as of July 11,
2017

 
			
		
	By:	 	  

 
			
	Name:
                                         
                               
	Title:                                   
                                        

  
 EXHIBIT F-3 

 EXHIBIT G 

FORM OF CERTIFICATE UNDER SECTION 7.01(b) 
  

                          
                                         
                  

                          
                                         
                  

                          
                                         
                  
 Re: [INSERT DESCRIPTION OF
QUALIFIED SUBSTITUTE 
   [PROPERTY][LOAN] (the “Qualified Substitute 

  [Property][Loan]”)                 
                                         
           
 Ladies and Gentlemen: 

Pursuant to Section 7.01(b) of the Amended and Restated Property Management and Servicing Agreement, dated as of July 11, 2017 (the
“Agreement”), among SCF RC Funding I LLC, SCF RC Funding II LLC, SCF RC Funding III LLC and each Joining Party, each as an issuer (each, an “Issuer” and collectively, the “Issuers”, SCF Realty Capital LLC (“SCF
Realty Capital”), as property manager and special servicer (together with its successors in such capacities, the “Property Manager” and “Special Servicer,” respectively), Citibank, N.A., not individually but solely as
indenture trustee (together with its successors in such capacity, the “Indenture Trustee”) and Midland Loan Services, a division of PNC Bank, National Association, as Back-Up Manager (together with
its successors in such capacity, the “Back-Up Manager”), the undersigned hereby certifies that the exceptions set forth on Exhibit “A” attached hereto are materially consistent with the
underwriting criteria for the existing Properties (as defined in the Agreement). 
  

			
	 SCF REALTY CAPITAL LLC, as Property

Manager

 
			
		
	By:	 	  

 
			
	Name:
                                         
                               
	Title:                                   
                                         

  
 EXHIBIT G-1 

 EXHIBIT H 

DETERMINATION DATE REPORT CERTIFICATION REGARDING RISK RETENTION 

Citibank N.A., not in its individual capacity 
 but solely as
Indenture Trustee 
 388 Greenwich Street 
 New York, NY 10013

 Attention: Agency & Trust – SCF Realty Capital Master Trust 

Re: SCF Realty Capital Master Funding, Net-Lease Mortgage Notes 

Ladies and Gentlemen: 
 In accordance with Section 4.01(a of
the Amended and Restated Property Management and Servicing Agreement, dated July 11, 2017 (as amended or supplemented thereafter, the “Property Management Agreement”), among SCF RC Funding I LLC, SCF RC Funding II LLC, SCF RC Funding
III LLC and each Joining Party, each as an issuer (each, an “Issuer” and collectively, the “Issuers”, SCF Realty Capital LLC (“SCF Realty Capital”), as property manager and special servicer (together with its successors
in such capacities, the “Property Manager” and “Special Servicer,” respectively), Citibank, N.A., not individually but solely as indenture trustee (together with its successors in such capacity, the “Indenture Trustee”)
and Midland Loan Services, a division of PNC Bank, National Association, as Back-Up Manager (together with its successors in such capacity, the “Back-Up
Manager”), the undersigned hereby certifies and agrees the issuers have not incurred any indebtedness except indebtedness permitted by any applicable limited liability company agreement of the related Issuer Member or the Transaction Documents.

 Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Amended and Restated Risk Retention Agreement, dated as of
July 11, 2017 (the “Risk Retention Agreement”), entered into by SCF Realty Capital in favor of the Indenture Trustee. 
 In accordance with
the Risk Retention Agreement, SCF Realty Capital certifies and agrees that (i) in accordance with the Securitization Retention Requirements, SCF Realty Capital retains and, until the redemption of the Notes and Related Series Notes, will
retain, a material net economic interest of not less than 5% of every asset in the Collateral Pool by way of the sale or transfer to the Issuers of every underlying exposure at a discount, which discounted amount constitutes a first loss exposure in
accordance with Article 405(1)(e) of the CRR (the “Retained Interest”), and (ii) for so long as any Notes are outstanding, SCF Realty Capital shall retain and not sell the Retained Interest or subject it to any credit risk
mitigation, short positions or any other hedges, except to the extent otherwise permitted under the Securitization Retention Requirements. 
  

	
	     SCF REALTY CAPITAL LLC

	
	  

  
 EXHIBIT H-1 

 EXHIBIT I 

CALCULATION OF FIXED CHARGE COVERAGE RATIOS 
  

	 	1.	Adjusted EBITDAR: An amount equal to the sum of (i) pre-tax income, (ii) interest expense, (iii) all non-cash amounts
in respect of depreciation and amortization, (iv) all non-recurring expenses, (v) specifically documented discretionary management fees and (vi) all operating lease and rent expense less
(vii) all non-recurring income and standardized corporate overhead expense based on estimated industry standards for the related fiscal period; 

 

	 	2.	Fixed Charges: An amount equal to the sum of (i) total operating lease or rent expenses, (ii) interest expense, and (iii) scheduled principal payments on indebtedness payable in respect of the
related unit, in each case for the period of time as to which such figure is presented; and 

  

	 	3.	FCCR: Adjusted EBITDAR/Fixed Charges. 

  
 EXHIBIT I-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00284-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00284-of-00352.parquet"}]]