Document:

Exhibit 4.10

 

 

EXECUTION VERSION

 

AMENDED AND RESTATED AGREEMENT BETWEEN NOTE
HOLDERS

 

Dated as of March 8, 2016

 

by and among

 

WELLS FARGO BANK, NATIONAL ASSOCIATION,
AS TRUSTEE, FOR THE BENEFIT OF THE HOLDERS OF THE MORGAN STANLEY CAPITAL I TRUST 2015-UBS8, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,
SERIES 2015-UBS8

(Note A-1 Holder),

 

UBS REAL ESTATE SECURITIES INC.,

(Initial Note A-2 Holder),

 

UBS REAL ESTATE SECURITIES INC.,

(Initial Note A-3 Holder),

 

UBS REAL ESTATE SECURITIES INC.,

(Initial Note A-4 Holder)

 

and

 

BANK OF AMERICA, N.A.

(Initial Note A-5 Holder)

 

Grove City

 

    	 

    	 

    

  

TABLE OF CONTENTS

	 	 	 
	 	 	Page
	 	 	 
	Section 1.	Definitions	2
	Section 2.	Servicing of the Mortgage Loan	18
	Section 3.	Priority of Payments	25
	Section 4.	Workout	26
	Section 5.	Administration of the Mortgage Loan	26
	Section 6.	Rights of the Controlling Note Holder	31
	Section 7.	Appointment of Special Servicer	34
	Section 8.	Payment Procedure	34
	Section 9.	Limitation on Liability of the Note Holders	36
	Section 10.	Bankruptcy	36
	Section 11.	Representations of the Note Holders	37
	Section 12.	No Creation of a Partnership or Exclusive Purchase Right	37
	Section 13.	Other Business Activities of the Note Holders	37
	Section 14.	Sale of the Notes	37
	Section 15.	Registration of the Notes and Each Note Holder	41
	Section 16.	Governing Law; Waiver of Jury Trial	41
	Section 17.	Submission To Jurisdiction; Waivers	41
	Section 18.	Modifications	42
	Section 19.	Statement of Intent	42
	Section 20.	Successors and Assigns; Third Party Beneficiaries	42
	Section 21.	Counterparts	43
	Section 22.	Captions	43
	Section 23.	Severability	43
	Section 24.	Entire Agreement	43
	Section 25.	Withholding Taxes	43
	Section 26.	Custody of Mortgage Loan Documents	45
	Section 27.	Cooperation in Securitization	45
	Section 28.	Notices	46
	Section 29.	Broker	46
	Section 30.	Certain Matters Affecting the Agent	46
	Section 31.	Reserved	47
	Section 32.	Resignation or Termination of Agent	47
	Section 33.	Resizing	47

 

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This AMENDED AND RESTATED
AGREEMENT BETWEEN NOTE HOLDERS (this “Agreement”), dated as of March 8, 2016 by and among WELLS FARGO BANK,
NATIONAL ASSOCIATION, AS TRUSTEE, FOR THE BENEFIT OF THE HOLDERS OF THE MORGAN STANLEY CAPITAL I TRUST 2015-UBS8, COMMERCIAL MORTGAGE
PASS-THROUGH CERTIFICATES, SERIES 2015-UBS8 (together with its successors and assigns in interest, in its capacity as the “Note
A-1 Holder”), UBS REAL ESTATE SECURITIES INC. (“UBSRES” together with its successors and assigns in
interest, as initial owner of Note A-2 described below, in its capacity as the “Initial Note A-2 Holder” and,
in its capacity as the initial agent, the “Initial Agent”), UBSRES (together with its successors and assigns
in interest, as initial owner of Note A-3 described below, in its capacity as the “Initial Note A-3 Holder”),
UBSRES (together with its successors and assigns in interest, as initial owner of Note A-4 described below, in its capacity as
the “Initial Note A-4 Holder”) and BANK OF AMERICA, N.A. (“BANA” together with its successors
and assigns in interest, in its capacity as initial owner of Note A-5 described below, the “Initial Note A-5 Holder”).

 

W I T N E S S E T H:

 

WHEREAS, pursuant to
the Mortgage Loan Agreement (as defined herein), UBSRES originated a certain loan (the “Mortgage Loan”) described
on the schedule attached hereto as Exhibit A (the “Mortgage Loan Schedule”) to the mortgage loan borrower
described on the Mortgage Loan Schedule (the “Mortgage Loan Borrower”), which was evidenced, inter alia,
by five promissory notes dated as of November 3, 2015: (i) one promissory note designated Promissory Note A-1 made by the Mortgage
Loan Borrower in favor of UBSRES in the original principal amount of $40,000,000.00, (ii) one promissory note designated Promissory
Note A-2 made by the Mortgage Loan Borrower in favor of UBSRES in the original principal amount of $24,000,000.00, (iii) one promissory
note designated Promissory Note A-3 made by the Mortgage Loan Borrower in favor of UBSRES in the original principal amount of $13,000,000.00,
(iv) one promissory note designated Promissory Note A-4 made by the Mortgage Loan Borrower in favor of UBSRES in the original principal
amount of $7,000,000.00, and (v) one promissory note designated Promissory Note A-5 made by the Mortgage Loan Borrower in favor
of UBSRES in the original principal amount of $56,000,000.00. The note referenced in clause (i) of the preceding sentence,
as amended, modified or supplemented, is referred to herein as “Note A-1”; the note referenced in clause (ii)
of the preceding sentence, as amended, modified or supplemented, is referred to herein as “Note A-2”; the note
referenced in clause (iii) of the preceding sentence, as amended, modified or supplemented, is referred to herein as
“Note A-3”; the note referenced in clause (iv) of the preceding sentence, as amended, modified or
supplemented, is referred to herein as “Note A-4”; and the note referenced in clause (v) of the
preceding sentence, as amended, modified or supplemented, is referred to herein as “Note A-5”. Note A-1, Note
A-2, Note A-3, Note A-4 and Note A-5 are collectively referred to herein as the “Notes”. The Notes are secured
by a first mortgage (as amended, modified or supplemented, the “Mortgage”) on certain real property located
as described on the Mortgage Loan Schedule (the “Mortgaged Property”);

 

WHEREAS, pursuant and
subject to that certain Assignment and Assumption Agreement dated as of November 5, 2015 (the “Assignment and Assumption
Agreement”) between UBSRES, as assignor, and BANA, as assignee, UBSRES has agreed to sell, assign,

 

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transfer and otherwise
convey to UBSRES all right, title and interest in Note A-5 and BANA has agreed to assume the Assumed Obligations (as such term
is defined in the Assignment and Assumption Agreement);

 

WHEREAS, UBSRES
(together with its successors and assigns in interest, in its capacity as initial owner of Initial Note A-1, the “Initial
Note A-1 Holder”), the Initial Note A-2 Holder, the Initial Note A-3 Holder, the Initial
Note A-4 Holder, and BANA (together
with the Initial Note A-1 Holder, the Initial Note A-2 Holder, the Initial Note A-3 Holder and the Initial Note A-4 Holder, the
“Initial Note Holders”) entered into a co-lender
agreement (the “Original
Agreement”), dated as of November 5, 2015, to memorialize the terms under which the
Initial Note A-1 Holder, the Initial Note A-2 Holder, the Initial Note A-3 Holder, the Initial Note A-4 Holder and the Initial
Note A-5 Holder would hold the Initial Note A-1, Initial
Note A-2, Initial Note A-3, Initial
Note A-4 and Initial Note A-5, respectively;

 

WHEREAS,
pursuant to the Mortgage Loan Agreement, the Initial Note A-2 and the Initial Note A-3 were resized and the Mortgage Loan Borrower
has executed and delivered to UBSRES and BANA (i) one promissory note in the original principal amount of $24,000,000 (“Note
A-2”) made by the Mortgage Loan Borrower in favor of the Initial Note A-2 Holder and (ii) one promissory note in the
original principal amount of $13,000,000 (“Note A-3”) made
by the Mortgage Loan Borrower in favor of the Initial Note A-3 Holder;

 

WHEREAS,
the Initial Note A-1 Holder transferred Note A-1 to Morgan Stanley Capital I Inc. (“MSCI”),
who in turn transferred Note A-1 to Wells Fargo Bank, National Association, as Trustee, for the benefit of the Holders of the Morgan
Stanley Capital I Trust 2015-UBS8, Commercial Mortgage Pass-Through Certificates, Series 2015-UBS8, under a pooling and servicing
agreement, dated as of December 1, 2015 (the “Note A-1 PSA”),
among MSCI, as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, Rialto Capital
Advisors, LLC, as special servicer, Situs Holdings, LLC, as trust advisor, and Wells Fargo Bank, National Association, as certificate
administrator and trustee;

 

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

 

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

 

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

 

“Acceptable
Insurance Default” shall have the meaning set forth in the Lead Securitization Servicing Agreement.

 

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

 

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

 

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

 

“Agent Office”
shall mean the designated office of the Agent, which office, as of the date of this Agreement, is the office of the Initial Note
A-2 Holder listed on Exhibit B hereto, and which is the address to which notices to and correspondence with the Agent should
be directed. The Agent may change the address of its designated office by notice to the Note Holders.

 

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

 

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

 

“BACM 2015-UBS7
PSA” shall mean the pooling and servicing agreement, dated as of September 1, 2015, among Banc of America Merrill Lynch
Commercial Mortgage Inc., as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer,
LNR Partners, LLC, as special servicer, Pentalpha Surveillance LLC, as trust advisor and U.S. Bank National Association, as trustee,
certificate administrator, certificate registrar, authenticating agent and custodian.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Controlling
Note” shall mean Note A-2.

 

“Controlling
Note Holder” shall mean the holder of the Controlling Note; provided that at any time the Controlling Note is
included in a Securitization, references to the “Controlling Note Holder” herein shall mean the holders of the majority
of the class of securities issued in such Securitization designated as the “controlling class” or any other party that
is assigned the rights to exercise the rights of the “Controlling Note Holder” hereunder, as and to the extent provided
in the related Securitization Servicing Agreement; provided that for so long as 50% or more of the Controlling Note is held
by (or the party assigned the rights to exercise the rights of the “Controlling Note Holder” (as described above) is)
the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, the Controlling Note (and such party assigned the rights
to exercise the rights of the “Controlling Note Holder” as described above) shall not be entitled to exercise any rights
of the Controlling Note Holder, and there shall be deemed to be no Controlling Note Holder hereunder.

 

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

 

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

 

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

 

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

 

“First Securitization”
shall mean the Note A-1 Securitization.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Lead Securitization”
shall mean (a) for the period from the closing date of the First Securitization until the Note A-2 Securitization Date, the First
Securitization and (b) on and after the Note A-2 Securitization Date, the Note A-2 Securitization.

 

“Lead Securitization
Controlling Class Representative” shall mean the “Controlling Class Representative” as defined in the Lead
Securitization Servicing Agreement.

 

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

 

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

 

“Lead Securitization
Servicing Agreement” shall mean, as of any date of determination, the pooling and servicing agreement that governs the
Securitization that is then the Lead Securitization.

 

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

 

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

 

“Master Servicer”
shall mean the master servicer appointed as provided in the Lead Securitization Servicing Agreement.

 

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

 

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

 

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

 

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

 

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

 

“Mortgage Loan
Agreement” shall mean the Loan Agreement, dated as of November 3, 2015, between UBSRES, as lender, and the Mortgage Loan
Borrower, as the same

 

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may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms
hereof.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Non-Controlling
Note Holder” means any holder of a Non-Controlling Note; provided that at any time such holder’s respective
Note is included in a Securitization, references to such “Non-Controlling Note Holder” herein shall mean the “Controlling
Class Representative” or any other party assigned the rights to exercise the rights of such “Non-Controlling Note Holder”
hereunder, as and to the extent provided in the related Securitization Servicing Agreement and as to the identity of which the
Lead Securitization Note Holder (and the Master Servicer and the Special Servicer) has been given written notice; provided
that for so long as 50% or more of any Non-Controlling Note is held by (or the majority “controlling class” holder
or other party assigned the rights to exercise the rights of such “Non-Controlling Note Holder” (as described above)
is) the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, such Non-Controlling Note (and the majority “controlling
class” holder or other party assigned the rights to exercise the rights of such “Non-Controlling Note Holder”
as described above) shall not be entitled to exercise any rights of such Non-Controlling Note Holder, and there shall be deemed
to be no Non-Controlling Note Holder hereunder with respect to such Non-Controlling Note. The Lead Securitization Note Holder (or
the Master Servicer or the Special Servicer acting on its behalf) shall not be required at any time to deal with more than one
party in respect of any Note that is exercising the rights of a “Non-Controlling Note Holder” herein or under the Lead
Securitization Servicing Agreement and (x) to the extent that the related Securitization Servicing Agreement assigns such rights
to more than one party or (y) to the extent any Note is split into two or more New Notes pursuant to Section 33, for purposes
of this Agreement, the applicable Securitization Servicing Agreement or the holders of such New Notes shall designate one party
to deal with the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) and provide
written notice of such designation to the Lead Securitization Note Holder (and the Master Servicer and the Special

 

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Servicer acting
on its behalf); provided that, in the absence of such designation and notice, the Lead Securitization Note Holder (or the
Master Servicer or the Special Servicer acting on its behalf) shall be entitled to treat the last party as to which it has received
written notice as having been designated as a Non-Controlling Note Holder, as a Non-Controlling Note Holder under this Agreement.

 

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

 

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

 

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

 

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

 

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

 

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

 

“Non-Lead Securitization
Servicing Agreement” shall mean, on and after the Note A-1 Securitization Date, the Note A-1 PSA, the Note A-3 PSA, the
Note A-4 PSA and the Note A-5 PSA.

 

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

 

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

 

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

 

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

 

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

 

“Note A-1 Holder”
shall mean Wells Fargo Bank, National Association, as Trustee, for the benefit of the Holders of the Morgan Stanley Capital I Trust
2015-UBS8,

 

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Commercial Mortgage Pass-Through Certificates, Series 2015-UBS8 or any subsequent holder of Note A-1, as applicable.

 

“Note A-1 Master
Servicer” shall mean the master servicer under the Note A-1 PSA.

 

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

 

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

 

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

 

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

 

“Note A-1 Special
Servicer” shall mean the special servicer under the Note A-1 PSA.

 

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

 

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

 

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

 

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

 

“Note A-2 Master
Servicer” shall mean the master servicer under the Note A-2 PSA.

 

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

 

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

 

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

 

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

 

“Note A-2 Special
Servicer” shall mean the special servicer under the Note A-2 PSA.

 

“Note A-2 Trustee”
shall mean the trustee under the Note A-2 PSA.

 

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

 

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

 

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

 

“Note A-3 Master
Servicer” shall mean the master servicer under the Note A-3 PSA.

 

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

 

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

 

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

 

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

 

“Note A-3 Special
Servicer” shall mean the special servicer under the Note A-3 PSA.

 

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

 

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

 

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

 

“Note A-4 Holder”
shall mean the Initial Note A-4 Holder or any subsequent holder of Note A-4, as applicable.

 

“Note A-4 Master
Servicer” shall mean the master servicer under the Note A-4 PSA.

 

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

 

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

 

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

 

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

 

“Note A-4 Special
Servicer” shall mean the special servicer under the Note A-4 PSA.

 

“Note A-4 Trustee”
shall mean the trustee under the Note A-4 PSA.

 

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

 

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

 

“Note A-5 Holder”
shall mean the Initial Note A-5 Holder or any subsequent holder of Note A-5, as applicable.

 

“Note A-5 Master
Servicer” shall mean the master servicer under the Note A-5 PSA.

 

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

 

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

 

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

 

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

 

“Note A-5 Special
Servicer” shall mean the special servicer under the Note A-5 PSA.

 

    	-11-

    	 

    

 

“Note A-5 Trustee”
shall mean the trustee under the Note A-5 PSA.

 

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

 

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

 

“Note Holders”
shall mean collectively, the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder and the Note A-5 Holder.

 

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

 

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

 

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

 

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

 

“Percentage
Interest” shall mean, (a) with respect to the Note A-1 Holder, a fraction, expressed as a percentage, the numerator
of which is the Note A-1 Principal Balance and the denominator of which is the sum of the Note A-1 Principal Balance, the Note
A-2 Principal Balance, the Note A-3 Principal Balance, the Note A-4 Principal Balance and the Note A-5 Principal Balance, (b) with
respect to the Note A-2 Holder, a fraction, expressed as a percentage, the numerator of which is the Note A-2 Principal Balance
and the denominator of which is the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal
Balance, the Note A-4 Principal Balance and the Note A-5 Principal Balance, (c) with respect to the Note A-3 Holder, a fraction,
expressed as a percentage, the numerator of which is the Note A-3 Principal Balance and the denominator of which is the sum of
the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal Balance, the Note A-4 Principal Balance
and the Note A-5 Principal Balance, (d) with respect to the Note A-4 Holder, a fraction, expressed as a percentage, the numerator
of which is the Note A-4 Principal Balance and the denominator of which is the sum of the Note A-1 Principal Balance, the Note
A-2 Principal Balance, the Note A-3 Principal Balance, the Note A-4 Principal Balance and the Note A-5 Principal Balance, and (e)
with respect to the Note A-5 Holder, a fraction, expressed as a percentage, the numerator of which is the Note A-5 Principal Balance
and the denominator of which is the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal
Balance, the Note A-4 Principal Balance and the Note A-5 Principal Balance.

 

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

 

    	-12-

    	 

    

 

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

 

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

 

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

 

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

 

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

 

(c)          one
or more of the following:

 

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

 

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

 

(iii)        a
Qualified Trustee in connection with (a) a securitization of, (b) the creation of collateralized debt obligations (“CDO”)
secured by, or (c) a financing through an “owner trust” of, a Note or any interest therein (any of the foregoing,
a “Securitization Vehicle”), provided that (1) one or more classes of securities issued by such
Securitization Vehicle is initially rated at least investment grade by each of the Rating Agencies that assigned a rating to one
or more classes of securities issued in connection with that Securitization (it being understood that with respect to any Rating
Agency that assigned such a rating to the securities issued by such Securitization Vehicle, a Rating Agency Confirmation will not
be required in connection with a transfer of such Note or any interest therein to such Securitization Vehicle); (2) in the
case of a

 

    	-13-

    	 

    

 

Securitization Vehicle that is not a CDO, the special servicer of such Securitization Vehicle has a Required Special
Servicer Rating or is otherwise subject to Rating Agency Confirmations from the Rating Agencies rating each Securitization (such
entity, an “Approved Servicer”) and such Approved Servicer is required to service and administer such Note or
any interest therein in accordance with servicing arrangements for the assets held by the Securitization Vehicle which require
that such Approved Servicer act in accordance with a servicing standard notwithstanding any contrary direction or instruction from
any other Person; or (3) in the case of a Securitization Vehicle that is a CDO, the CDO Asset Manager and, if applicable,
each Intervening Trust Vehicle that is not administered and managed by a CDO Asset Manager which is a Qualified Institutional Lender,
are each a Qualified Institutional Lender under clauses (i), (ii), (iv) or (v) of this definition,
or

 

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

 

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

 

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

 

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

 

    	-14-

    	 

    

 

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

 

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

 

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

 

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

 

    	-15-

    	 

    

 

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

 

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

 

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

 

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

 

“REO Property”
shall have the meaning assigned to the term “REO Property” or such other analogous term used in the Lead Securitization
Servicing Agreement.

 

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

 

    	-16-

    	 

    

 

mortgage securities on watch citing the continuation
of such special servicer as special servicer of such commercial mortgage securities as a material reason for such downgrade or
withdrawal.

 

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

 

“Scheduled Interest
Payment” shall mean the scheduled payment of interest due on the Mortgage Loan on a Monthly Payment Date.

 

“Scheduled Principal
Payment” shall mean the scheduled payment of principal due on the Mortgage Loan on a Monthly Payment Date.

 

“Securitization”
shall mean the Note A-1 Securitization, the Note A-2 Securitization, the Note A-3 Securitization, the Note A-4 Securitization or
the Note A-5 Securitization, as applicable.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    	-17-

    	 

    

 

Lead Securitization Servicing Agreement shall require, among other things, that each Servicer, in servicing the
Mortgage Loan, must take into account the interests of each Note Holder.

 

“Special Servicer”
shall mean the special servicer or excluded mortgage loan special servicer, as applicable, appointed as provided in the Lead Securitization
Servicing Agreement.

 

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

 

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

 

“Trust Advisor”
shall mean the trust advisor, operating advisor or other analogous term appointed as provided in the Lead Securitization Servicing
Agreement.

 

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

 

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

 

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

 

Section 2.          Servicing
of the Mortgage Loan.

 

(a)          Each Note Holder
acknowledges and agrees that, subject in each case to this Agreement, the Mortgage Loan shall be serviced by the Master Servicer
and the Special Servicer pursuant to the terms of this Agreement and the Lead Securitization Servicing Agreement; provided
that the Master Servicer shall not be obligated to advance monthly payments of principal or interest in respect of any Note other
than the Lead Securitization Note if such principal or interest is not paid by the Mortgage Loan Borrower but shall be obligated
to advance delinquent real estate taxes, insurance premiums and other expenses related to the maintenance of the Mortgaged Property
and maintenance and enforcement of the lien of the Mortgage thereon, subject to the terms of the Lead Securitization Servicing
Agreement. Each Note Holder acknowledges that any other Note Holder may elect, in its sole discretion, to include its Note in a
Securitization and agrees that it will, subject to Section 27, reasonably cooperate with such other Note Holder, at
such other Note Holder’s expense, to effect such Securitization. Subject to the terms and conditions of this Agreement, each
Note Holder hereby irrevocably and unconditionally consents to the appointment of the Master Servicer and the Trustee under the

 

    	-18-

    	 

    

 

Lead Securitization Servicing Agreement by the Depositor and the appointment of the Special Servicer by the Controlling Note Holder
and agrees to reasonably cooperate with the Master Servicer and the Special Servicer with respect to the servicing of the Mortgage
Loan in accordance with the Lead Securitization Servicing Agreement. Each Note Holder hereby appoints the Master Servicer, the
Special Servicer and the Trustee in the Lead Securitization as such Note Holder’s attorney-in-fact to sign any documents
reasonably required with respect to the administration and servicing of the Mortgage Loan on its behalf under the Lead Securitization
Servicing Agreement (subject at all times to the rights of the Note Holder set forth herein and in the Lead Securitization Servicing
Agreement). The Lead Securitization Servicing Agreement shall not limit the Servicer in enforcing the rights of one Note Holder
against any other Note Holder as may be required in order to service the Mortgage Loan as contemplated by this Agreement and the
Lead Securitization Servicing Agreement; provided, that it is also understood and agreed that nothing in this sentence shall
be construed to otherwise limit the rights of one Note Holder with respect to any other Note Holder. Each Servicer shall be required
pursuant to the Lead Securitization Servicing Agreement (i) to service the Mortgage Loan in accordance with the Servicing Standard,
the terms of the Mortgage Loan Documents, the Lead Securitization Servicing Agreement and applicable law, (ii) to provide information
to each servicer under each Non-Lead Securitization Servicing Agreement necessary to enable each such servicer to perform its servicing
duties under such Non-Lead Securitization Servicing Agreement, and (iii) to not take any action or refrain from taking any action
or follow any direction inconsistent with the foregoing.

 

At any time that the
Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the Note Holders agree to
cause the Mortgage Loan to be serviced by one or more servicers, each of which has been agreed upon by the Note Holders, pursuant
to a servicing agreement that has servicing terms substantially similar to the Lead Securitization Servicing Agreement and all
references herein to the “Lead Securitization Servicing Agreement” shall mean such subsequent servicing agreement;
provided, that if a Non-Lead Securitization Note is in a Securitization and the servicer(s) to be appointed under such replacement
servicing agreement would not otherwise meet the conditions to be a servicer under the Lead Securitization Servicing Agreement
that is being replaced, then a Rating Agency Confirmation shall have been obtained from each Rating Agency with respect to the
securities issued in connection with such Securitization for such Non-Lead Securitization Note; provided, further,
that until a replacement servicing agreement has been entered into, the Lead Securitization Note Holder shall cause the Mortgage
Loan to be serviced pursuant to the provisions of the Lead Securitization Servicing Agreement, as if such agreement were still
in full force and effect with respect to the Mortgage Loan, by the applicable Servicer in the Lead Securitization or by any Person
appointed by the Lead Securitization Note Holder that is a qualified servicer meeting the requirements of the Lead Securitization
Servicing Agreement. The Note Holders acknowledge that at any time that the Mortgage Loan is no longer subject to the provisions
of the Lead Securitization Servicing Agreement, the Master Servicer shall have no further obligation to make P&I Advances with
respect to the Mortgage Loan.

 

(b)          The Master Servicer
shall be the lead master servicer on the Mortgage Loan, and from time to time it (or the Trustee, or the Special Servicer, on an
emergency basis, to the extent provided in the Lead Securitization Servicing Agreement) shall make (or in the case of the Special
Servicer, may but is not obligated to make) the following advances, subject to the

 

    	-19-

    	 

    

 

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

 

In addition, any Non-Lead
Securitization Note Holder (including, but not limited to, any Securitization Trust into which such Non-Lead Securitization Note
is deposited) shall be required to, promptly following notice from the Master Servicer or the Special Servicer, pay or reimburse
the Lead Securitization for such Non-Lead Securitization Note Holder’s pro rata share of any fees, costs or expenses
incurred in connection with the servicing and administration of the Mortgage Loan as to which the Master Servicer, the Special
Servicer, the Certificate Administrator, the Trustee, the Trust Advisor, the Depositor or CREFC®, as applicable,
is entitled to be reimbursed pursuant to the Lead Securitization Servicing Agreement, to the extent amounts on deposit in the related
Serviced Companion Loan Custodial Account are insufficient for reimbursement of such amounts. Each Non-Lead Securitization Note
Holder agrees to indemnify (as and to the same extent the Lead Securitization Trust is required to indemnify each of the following
parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the terms of the Lead Securitization Servicing
Agreement) each of the Depositor under the Lead Securitization Servicing Agreement, the Master Servicer, the Special Servicer,
the Certificate Administrator, the Trustee and the Trust Advisor (and any director, officer, member, manager, employee or agent
of any of the foregoing, to the extent such parties are identified as indemnified parties in the Lead Securitization Servicing
Agreement in respect of other mortgage loans) (the “Indemnified Parties”) against any claims, losses, penalties,
fines, forfeitures, legal fees and related costs, judgments and any other costs, liabilities, fees and expenses incurred in connection
with the servicing and administration of the Mortgage Loan and the Mortgaged Property (or, with respect to the Trust Advisor, incurred
in connection with the provision of services for the Mortgage Loan) under the Lead Securitization Servicing Agreement (collectively,
the “Indemnified Items”) to the extent of its pro rata share of such Indemnified Items, and to the extent
amounts on deposit in the related Serviced Companion Loan Custodial

 

    	-20-

    	 

    

 

Account are insufficient for reimbursement of such amounts,
each Non-Lead Securitization Note Holder shall be required to, promptly following notice from the Master Servicer, the Special
Servicer or the Trustee, reimburse each of the applicable Indemnified Parties for its pro rata share of the insufficiency;
provided, that a Non-Lead Securitization Note Holder’s duty to pay Indemnified Items to the Trust Advisor shall be
subject to any limitations and conditions (including limitations and conditions with respect to the timing of such payments and
the sources of funds for such payments) as may be set forth from time to time in a Non-Lead Securitization Servicing Agreement.

 

Any Non-Lead Master Servicer
(or Non-Lead Trustee (if not made by such Non-Lead Master Servicer)) may be required to make P&I Advances on the respective
Non-Lead Securitization Note, from time to time, subject to the terms of the related Non-Lead Securitization Servicing Agreement,
the Lead Securitization Servicing Agreement and this Agreement. The Master Servicer, the Special Servicer and the Trustee, as applicable,
shall be entitled to make their own recoverability determination with respect to a P&I Advance to be made on the Lead Securitization
Note based on the information that they have on hand and in accordance with the Lead Securitization Servicing Agreement. Any Non-Lead
Master Servicer, Non-Lead Special Servicer or Non-Lead Trustee under any Non-Lead Securitization Servicing Agreement, as applicable,
shall each be entitled to make its own recoverability determination with respect to a P&I Advance to be made on the related
Non-Lead Securitization Note based on the information that they have on hand and in accordance with the related Non-Lead Securitization
Servicing Agreement. The Master Servicer and the Trustee, as applicable, and any Non-Lead Master Servicer or Non-Lead Trustee,
as applicable, shall each be required to notify the other of the amount of its P&I Advance within two (2) Business Days of
making such advance. If the Master Servicer, the Special Servicer or the Trustee, as applicable (with respect to the Lead Securitization
Note) or a Non-Lead Master Servicer, Non-Lead Special Servicer or Non-Lead Trustee, as applicable (with respect to a Non-Lead Securitization
Note), determines that a proposed P&I Advance, if made, would be non-recoverable or an outstanding P&I Advance is or would
be non-recoverable, or if the Master Servicer, the Special Servicer or the Trustee, as applicable, subsequently determines that
a proposed Servicing Advance would be non-recoverable or an outstanding Servicing Advance is or would be non-recoverable, then
the Master Servicer or the Trustee (as provided in the Lead Securitization Servicing Agreement, in the case of a determination
of non-recoverability by the Master Servicer, the Special Servicer or the Trustee) or such Non-Lead Master Servicer or Non-Lead
Trustee (as provided in the related Non-Lead Securitization Servicing Agreement, in the case of the a determination of non-recoverability
by a Non-Lead Master Servicer, a Non-Lead Special Servicer or a Non-Lead Trustee) shall notify the Master Servicer and the Trustee,
or the related Non-Lead Master Servicer and the related Non-Lead Trustee, as the case may be, of such other Securitization within
one (1) Business Day of making such determination. Each of the Master Servicer and the Trustee, any Non-Lead Master Servicer and
any Non-Lead Trustee, as applicable, shall only be entitled to reimbursement for a P&I Advance and Advance Interest thereon
that becomes non-recoverable first, from the related Serviced Companion Loan Custodial Account from amounts allocable to
the Note for which such P&I Advance was made, and then, if such funds are insufficient, (i) in the case of the
Lead Securitization Note, from general collections of the Lead Securitization Trust, pursuant to the terms of the Lead Securitization
Servicing Agreement and (ii) in the case of a Non-Lead Securitization Note, from general collections of the related

 

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Securitization
Trust, as and to the extent provided in the related Non-Lead Securitization Servicing Agreement.

 

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

 

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

 

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

 

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limitations and conditions with respect to
the timing of such payments or reimbursements and the sources of funds for such payments or reimbursements);

 

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

 

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

 

(d)          Prior to the Securitization
of any Note (including any New Note), all notices, reports, information or other deliverables required to be delivered to a Note
Holder pursuant to this Agreement or the Lead Securitization Servicing Agreement by the Lead Securitization Note Holder (or the
Master Servicer or the Special Servicer acting on its behalf) only need to be delivered to the related Note Holder (or its Note
Holder Representative) and, when so delivered to such Note Holder (or Note Holder Representative, as applicable), the Lead Securitization
Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall be deemed to have satisfied its delivery
obligations with respect to such items hereunder or under the Lead Securitization Servicing Agreement. Following the Securitization
of any Note (including any New Note), as applicable, all notices, reports, information or other deliverables required to be delivered
to a Note Holder pursuant to this Agreement or the Lead Securitization Servicing Agreement by the Lead Securitization Note Holder
(or the Master Servicer or the Special Servicer acting on its behalf) shall be delivered to the master servicer and the special
servicer with respect to such Securitization (who then may forward such items to the party entitled to receive such items as and
to the extent provided in the related Securitization Servicing Agreement) and, when so delivered to such master servicer and the
special servicer, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall
be deemed to have satisfied its delivery obligations with respect to such items hereunder or under the Lead Securitization Servicing
Agreement.

 

(e)           In addition to
the foregoing, each Securitization Servicing Agreement shall contain terms and conditions that are customary for securitization
transactions involving assets similar to the Mortgage Loan and that are otherwise (i) required by the Code relating to the tax
elections of the trust fund formed pursuant to such Securitization Servicing Agreement, (ii) required by law or changes in any
law, rule or regulation or (iii) requested by the Rating Agencies rating the related Securitization. Each
Securitization Servicing Agreement shall also satisfy Moody’s rating methodology for eligible accounts and permitted
investments for a “Aaa”-

 

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rated securitization. Each Non-Lead Securitization Note Holder shall have the right to designate
the Non-Lead Master Servicer and Non-Lead Special Servicer with respect to the Securitization related to its Note, as long as each
such Servicer satisfies the conditions to be the master servicer or special servicer, as applicable, set forth in the Lead Securitization
Servicing Agreement. Without limiting the generality of any provision set forth above, for purposes of the Mortgage Loan, each
Securitization Servicing Agreement shall contain (a) provisions requiring the related master servicer and the related special servicer
to maintain, or subjecting them to possible termination for not maintaining, compliance with customary servicer rating criteria
(but the rating agencies need not be the same) and (b) provisions similar in all material respects to or materially consistent
with those set forth in the BACM 2015-UBS7 PSA (but allowing for changes in CMBS documentation in connection with revised Regulation
AB) with respect to (i) periodic reporting and periodic delivery of service provider compliance documents under Regulation AB (and,
in any event, each Securitization Servicing Agreement shall require such reporting and delivery so long as the Lead Securitization
is required to file periodic reports under the Securities Exchange Act of 1934, as amended), (ii) servicing transfer events that
would result in the transfer of the Mortgage Loan to special servicing status, (iii) the authority of the Controlling Note Holder
(or the Master Servicer or Special Servicer on its behalf) to grant or agree or consent to material modifications, waivers and
amendments to the Mortgage Loan, or to approve material assignments and assumptions or material additional indebtedness in connection
with the Mortgage Loan, (iv) the potential termination of the related master servicer and special servicer following a servicer
termination event, (v) requirements to obtain an appraisal or appraisal update following a transfer of the Mortgage Loan to special
servicing status and periodic updates thereof, (vi) duties of the special servicer in respect of foreclosure and the management
of REO property, (vii) primary servicing, special servicing, workout and liquidation fees (and, in any event, the fees at which
such compensation accrue or are determined shall not exceed 0.0050%, 0.25% (or, if such rate would result in a special servicing
fee that would be less than $2,000 in any given month, such higher rate as would result in a special servicing fee equal to $2,000),
1.00% and 1.00%, respectively) and (viii) indemnification of the Depositor, Master Servicer, Special Servicer, Certificate Administrator,
Trustee and Trust Advisor under the Lead Securitization Servicing Agreement (and any director, officer, employee or agent of any
of the foregoing, to the extent such parties are identified as indemnified parties in the Lead Securitization Servicing Agreement
in respect of other mortgage loans) against any claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments
and any other costs, liabilities, fees and expenses incurred in connection with servicing and administration of the Mortgage Loan
(or, with respect to the related trust advisor, incurred in connection with the provision of services for the Mortgage Loan) to
the same extent that the Indemnified Parties are indemnified under the Lead Securitization Servicing Agreement against the Indemnified
Items; provided, that (A) this statement shall not be construed to prohibit differences in timing, control or consultation
triggers or thresholds, terminology, allocation of ministerial duties between multiple servicers or other service providers or
certificateholder or investor voting or consent thresholds, or to prohibit or restrict additional approval, consent, consultation,
notice or rating agency communication and rating agency confirmation requirements; and (B) if there is any conflict between this
sentence and any other provision of this Agreement, such other provision of this Agreement shall control.

 

(f)           The Lead Securitization
Note Holder shall cause the Lead Securitization Servicing Agreement to contain provisions requiring the Master Servicer to deliver
to any Non-

 

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Lead Master Servicer, any Non-Lead Special Servicer and any Non-Lead Trustee (i) notice of any Appraisal Event promptly
following the occurrence thereof and (ii) a statement of any Appraisal Reduction promptly following the calculation thereof.

 

Section 3.          Priority
of Payments. Each Note shall be of equal priority, and no portion of any Note shall have priority or preference over any portion
of any other Note or security therefor. All amounts tendered by the Mortgage Loan Borrower or otherwise available for payment
on or with respect to or in connection with the Mortgage Loan or the Mortgaged Property or amounts realized as proceeds thereof,
whether received in the form of Scheduled Interest Payments, Scheduled Principal Payments, any proceeds from the sale or distribution
of any REO Property, the Balloon Payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit or other collateral
or instrument securing the Mortgage Loan, Condemnation Proceeds, or Insurance Proceeds (other than proceeds, awards or settlements
to be applied to the restoration or repair of the Mortgaged Property or released to the Mortgage Loan Borrower in accordance with
the terms of the Mortgage Loan Documents, to the extent permitted by the REMIC Provisions),

 

shall be applied by the
Lead Securitization Note Holder (or its designee) to the Notes on a Pro Rata and Pari Passu Basis; provided, that (x) all
amounts for required reserves or escrows required by the Mortgage Loan Documents (to the extent and in accordance with the terms
of the Mortgage Loan Documents) to be held as reserves or escrows or received as reimbursements on account of recoveries in respect
of property protection expenses or Servicing Advances then due and payable or reimbursable to the Trustee or any Servicer under
the Lead Securitization Servicing Agreement shall be applied to the extent set forth in, and in accordance with the terms of, the
Mortgage Loan Documents; and (y) all amounts that are then due, payable or reimbursable to any Servicer with respect to the Mortgage
Loan pursuant to the Lead Securitization Servicing Agreement and any other additional compensation payable to it thereunder (including
without limitation, any Additional Trust Expenses relating to the Mortgage Loan (but subject to the second paragraph of Section
5(d) hereof) reimbursable to, or payable by, such parties and any Special Servicing Fees, Liquidation Fees, Workout Fees, Penalty
Charges (to the extent provided in the immediately following paragraph), but excluding (i) any P&I Advances (and interest thereon)
on the Lead Securitization Note, which shall be reimbursed in accordance with Section 2(b) hereof, and (ii) any Master Servicing
Fees due to the Master Servicer in excess of each Non-Lead Securitization Note’s pro rata share of that portion of
such servicing fees calculated at the “primary servicing fee rate” applicable to the Mortgage Loan as set forth in
the Lead Securitization Servicing Agreement, which such excess shall not be subject to the allocation provisions of this Section
3) shall be payable in accordance with the Lead Securitization Servicing Agreement.

 

For clarification purposes,
“Penalty Charges” (or analogous term as defined in the Lead Securitization Servicing Agreement) paid on each Note shall,
first, be used to reduce, on a pro rata basis, the amounts payable on each Note by the amount necessary to pay the
Master Servicer, the Trustee or the Special Servicer for any interest accrued on any Servicing Advances and reimbursement of any
Servicing Advances in accordance with the terms of the Lead Securitization Servicing Agreement, second, be used to reduce
the respective amounts payable on each Note by the amount necessary to pay the Master Servicer, Trustee, any Non-Lead Master Servicer
or any Non-Lead Trustee, as applicable, for any interest accrued on any P&I Advance

 

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made with respect to such Note by such
party (if and as specified in the Lead Securitization Servicing Agreement or applicable Non-Lead Securitization Servicing Agreement,
as applicable), third, be used to reduce, on a pro rata basis, the amounts payable on each Note by the amount necessary
to pay Additional Trust Expenses (other than Special Servicing Fees, unpaid Workout Fees and Liquidation Fees) incurred with respect
to the Mortgage Loan (as specified in the Lead Securitization Servicing Agreement) and finally, with respect to any remaining
amount of Penalty Charges, pro rata, to the Lead Securitization Note (to be paid to the Master Servicer and/or the Special Servicer
as additional servicing compensation as provided in the Lead Securitization Servicing Agreement) and to each Non-Lead Securitization
Note (to be paid, (x) prior to the securitization of such Note, to the related Note Holder and (y) following the securitization
of such Note, to the Master Servicer and/or the Special Servicer as additional servicing compensation as provided in the Lead Securitization
Servicing Agreement).

 

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

 

Section 5.          Administration
of the Mortgage Loan.

 

(a)           Subject to this
Agreement (including, without limitation, Section 5(c)) and the Lead Securitization Servicing Agreement and subject
to the rights and consents, where required, of the Controlling Note Holder Representative, the Lead Securitization Note Holder
(or the Master Servicer, the Special Servicer or the Trustee acting on its behalf), shall have the sole and exclusive authority
with respect to the administration of, and exercise of rights and remedies with respect to, the Mortgage Loan, including, without
limitation, the sole authority to modify or waive any of the terms of the Mortgage Loan Documents or to consent to any action or
failure to act by the Mortgage Loan Borrower or any other party to the Mortgage Loan Documents, call or waive any Event of Default,
accelerate the Mortgage Loan or institute any foreclosure action or other remedy, and no Non-Lead Securitization Note Holder shall
have any voting, consent or other rights whatsoever except as explicitly set forth herein with respect to the Lead Securitization
Note Holder’s administration of, or exercise of its rights and remedies with respect to, the Mortgage Loan. Subject to this
Agreement and the Lead Securitization Servicing Agreement, no Non-Lead Securitization Note Holder shall have any right to, and
each Non-Lead Securitization Note Holder hereby presently and irrevocably assigns and conveys to the Lead Securitization Note Holder
(or the Master Servicer, the Special Servicer or the Trustee acting on its behalf) the rights, if any, that such Note Holder has
from and after the initial Securitization Date to, (i) call, or cause the Lead Securitization Note Holder to call, an Event of
Default under the Mortgage Loan, or (ii) exercise any remedies with respect to the Mortgage Loan or the Mortgage Loan Borrower,
including, without limitation, filing, or causing the Lead Securitization Note Holder to file, any bankruptcy petition against
the Mortgage Loan Borrower.

 

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The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting
on its behalf) shall not have any fiduciary duty to any Non-Lead Securitization Note Holder in connection with the administration
of the Mortgage Loan (but the foregoing shall not relieve the Lead Securitization Note Holder from the obligation to make any disbursement
of funds as set forth herein or its obligation to follow the Servicing Standard (in the case of the Master Servicer or the Special
Servicer) or any liability for failure to do so).

 

Each Note Holder hereby
acknowledges the right and obligation of the Lead Securitization Note Holder (or the Special Servicer acting on behalf of the Lead
Securitization Note Holder), upon the Mortgage Loan becoming a Defaulted Loan, to sell the Notes together as notes evidencing one
whole loan in accordance with the terms of the Lead Securitization Servicing Agreement. In connection with any such sale, the Special
Servicer shall be required to sell the Notes together as notes evidencing one whole loan and shall require that all offers be submitted
to the Special Servicer in writing. Whether any cash offer constitutes a fair price for the Mortgage Loan shall be determined by
the Special Servicer (unless the offeror is an Interested Person, in which case the Trustee shall make such determination); provided,
that no offer from an Interested Person shall constitute a fair price unless (i) it is the highest offer received and (ii) at
least two bona fide other offers are received from independent third parties. In determining whether any offer received
represents a fair price for the Mortgage Loan, the Trustee or the Special Servicer, as applicable, shall be supplied with and shall
rely on the most recent Appraisal or updated Appraisal conducted in accordance with the Lead Securitization Servicing Agreement
within the preceding nine (9)-month period or, in the absence of any such Appraisal, on a new Appraisal. The Trustee shall select
the appraiser conducting any such new Appraisal. In determining whether any such offer constitutes a fair price for the Mortgage
Loan, the Trustee or the Special Servicer, as applicable, shall instruct the appraiser to take into account (in addition to the
results of any Appraisal or updated Appraisal that it may have obtained pursuant to the Lead Securitization Servicing Agreement),
as applicable, among other factors, the period and amount of any delinquency on the affected Mortgage Loan, the occupancy level
and physical condition of the related Mortgaged Property and the state of the local economy. The Trustee may conclusively rely
on the opinion of an Independent appraiser or other Independent expert in real estate matters retained by the Trustee at the expense
of the Holders in connection with making such determination. Notwithstanding the foregoing, the Lead Securitization Note Holder
(or the Special Servicer acting on its behalf) shall not be permitted to sell the Mortgage Loan without the written consent of
each Non-Lead Securitization Note Holder (unless with respect to each Non-Lead Securitization Note Holder, 50% or more of the related
Note (or the class of securities issued in the applicable Non-Lead Securitization designated as the “controlling class”
or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Note Holder” is held
by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower) unless the Special Servicer has delivered to such
Non-Lead Securitization Note Holder: (a) at least fifteen (15) Business Days prior written notice of any decision to attempt
to sell the Mortgage Loan; (b) at least ten (10) days prior to the proposed sale date, a copy of each bid package (together
with any amendments to such bid packages) received by the Special Servicer in connection with any such proposed sale; (c) at
least ten (10) days prior to the proposed sale date, a copy of the most recent Appraisal for the Mortgage Loan, and any documents
in the Servicer Mortgage File requested by such Non-Lead Securitization Note Holder; and (d) until the sale is completed,
and a reasonable period of time (but no less time than is afforded to other offerors and the related Lead Securitization Controlling
Class Representative

 

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prior to the proposed sale date, all information and other documents being provided to other offerors and
all leases or other documents that are approved by the Master Servicer or the Special Servicer in connection with the proposed
sale. Subject to the foregoing, each Note Holder or its Note Holder Representative shall be permitted to submit an offer at any
sale of the Mortgage Loan.

 

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

 

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

 

(b)          The
administration of the Mortgage Loan shall be governed by this Agreement and the Lead Securitization Servicing Agreement. The servicing
of the Mortgage Loan shall be carried out by the Master Servicer and, if the Mortgage Loan is a Specially Serviced Mortgage Loan
(or to the extent otherwise provided in the Lead Securitization Servicing Agreement), by the Special Servicer, in each case pursuant
to the Lead Securitization Servicing Agreement. Notwithstanding anything to the contrary contained herein, in accordance with the
Lead Securitization Servicing Agreement, the Lead Securitization Note Holder shall cause the Master Servicer and the Special Servicer
to service and administer the Mortgage Loan in accordance with the Servicing Standard, taking into account the interests of each
Note Holder. The Note Holders agree to be bound by the terms of the Lead Securitization Servicing Agreement. All rights and obligations
of the Lead Securitization Note Holder described hereunder may be exercised by the Master Servicer, the Special Servicer, the Certificate

 

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Administrator or the Trustee on behalf of the Lead Securitization Note Holder to the extent set forth in the Lead Securitization
Servicing Agreement. The Lead Securitization Servicing Agreement shall not be amended in any manner that may adversely affect any
Non-Lead Securitization Note Holder in its capacity as Non-Lead Securitization Note Holder without such Non-Lead Securitization
Note Holder’s prior written consent. Each Non-Lead Securitization Note Holder (unless it is the same Person as, or is an
Affiliate of, the Mortgage Loan Borrower) shall be a third-party beneficiary to the Lead Securitization Servicing Agreement with
respect to its rights as specifically provided for therein.

 

(c)          Notwithstanding
the foregoing, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall
be required (i) to provide copies of any notice, information and report that it is required to provide to the Lead Securitization
Controlling Class Representative pursuant to the Lead Securitization Servicing Agreement with respect to any Major Decisions or
the implementation of any recommended actions outlined in an Asset Status Report relating to the Mortgage Loan, to each Non-Lead
Securitization Note Holder (or its Note Holder Representative), within the same time frame it is required to provide to the Lead
Securitization Controlling Class Representative (for this purpose, without regard to whether such items are actually required
to be provided to the Lead Securitization Controlling Class Representative under the Lead Securitization Servicing Agreement due
to the expiration of the related “Subordinate Control Period” (as defined under the Lead Securitization Servicing
Agreement) or the “Collective Consultation Period” (as defined under the Lead Securitization Servicing Agreement))
and (ii) to use reasonable efforts to consult with each Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative)
on a strictly non-binding basis, to the extent having received such notices, information and reports, such Non-Controlling Note
Holder (or its Non-Controlling Note Holder Representative) requests consultation with respect to any such Major Decisions or the
implementation of any recommended actions outlined in an Asset Status Report relating to the Mortgage Loan, and consider alternative
actions recommended by such Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative); provided that
after the expiration of a period of ten (10) Business Days from the delivery to such Non-Controlling Note Holder (or its Non-Controlling
Note Holder Representative) by the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its
behalf) of written notice of a proposed action, together with copies of the notice, information and report required to be provided
to the Lead Securitization Controlling Class Representative, the Lead Securitization Note Holder (or the Master Servicer or the
Special Servicer acting on its behalf) shall no longer be obligated to consult with such Non-Controlling Note Holder (or its Non-Controlling
Note Holder Representative), whether or not such Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative)
has responded within such ten (10) Business Day period (unless, the Lead Securitization Note Holder (or the Master Servicer or
the Special Servicer acting on its behalf) proposes a new course of action that is materially different from the action previously
proposed, in which case such ten (10) Business Day period shall be deemed to begin anew from the date of such proposal and delivery
of all information relating thereto). Notwithstanding the consultation rights of each Non-Controlling Note Holder (or its Non-Controlling
Note Holder Representative) set forth in the immediately preceding sentence, the Lead Securitization Note Holder (or Master Servicer
or Special Servicer, acting on its behalf) may take any Major Decision or any action set forth in the Asset Status Report before
the expiration of the aforementioned ten (10) Business Day period if the Lead Securitization Note Holder (or Master

 

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Servicer or
Special Servicer, as applicable) determines that immediate action with respect thereto is necessary to protect the interests of
the Note Holders. In no event shall the Lead Securitization Note Holder (or Master Servicer or Special Servicer, acting on its
behalf) be obligated at any time to follow or take any alternative actions recommended by the Non-Controlling Note Holder (or its
Non-Controlling Note Holder Representative).

 

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

 

(d)          If
any Note is included as an asset of a REMIC within the meaning of Section 860D(a) of the Code, then, any provision of this Agreement
to the contrary notwithstanding: (i) the Mortgage Loan shall be administered such that the Notes shall qualify at all times as
(or as interests in) a “qualified mortgage” within the meaning of Section 860G(a)(3) of the Code, (ii) any real property
(and related personal property) acquired by or on behalf of the Note Holders pursuant to a foreclosure, exercise of a power of
sale or delivery of a deed in lieu of foreclosure of the Mortgage or lien on such property following a default on the Mortgage
Loan shall be administered so that the interest of the pro rata share of each Note Holder therein shall at all times qualify
as “foreclosure property” within the meaning of Section 860G(a)(8) of the Code and (iii) no Servicer may modify, waive
or amend any provision of the Mortgage Loan, consent to or withhold consent from any action of the Mortgage Loan Borrower, or exercise
or refrain from exercising any powers or rights which the Note Holders may have under the Mortgage Loan Documents, if any such
action would constitute a “significant modification” of the Mortgage Loan, within the meaning of Section 1.860G-2(b)
of the regulations of the United States Department of the Treasury, more than three (3) months after the startup day of the REMIC
which includes the Notes (or any portion thereof). Each Note Holder agrees that the provisions of this paragraph shall be effected
by compliance with any REMIC related provisions in the Lead Securitization Servicing Agreement relating to the administration of
the Mortgage Loan. All costs and expenses of compliance with this Section 5(d), to the extent that such costs and expenses
relate to administration of a REMIC or to any determination respecting the amount, payment or avoidance of any tax under the REMIC
Provisions or the actual payment of any REMIC tax or expense, shall be borne by all of the Note Holders collectively, each contributing
on a pro rata and pari passu basis according to the Percentage Interest represented by each Note.

 

Anything herein or in the
Lead Securitization Servicing Agreement to the contrary notwithstanding, if one of the Notes is included in a REMIC and another
is not, such other Note Holder shall not be required to reimburse such Note Holder or any other Person for payment of (i) any taxes
imposed on such REMIC, (ii) any costs or expenses relating to the administration of such REMIC or to any determination respecting
the amount, payment or avoidance of any tax under such REMIC or (iii) any advances for any of the foregoing or any interest thereon
or for deficits in other items of disbursement or income resulting from the use of funds for payment of any such taxes, costs or
expenses or advances, nor shall any disbursement or payment otherwise distributable to any other Note Holder be reduced to offset
or make-up any such payment or deficit.

 

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Section 6.          Rights
of the Controlling Note Holder.

 

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

 

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

 

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such special relationships
or interests, and that neither the Controlling Note Holder Representative nor the Controlling Note Holder will be deemed to have
been grossly negligent or reckless, or to have acted in bad faith or engaged in willful misfeasance or to have recklessly disregarded
any exercise of its rights by reason of its having acted or refrained from acting, or having given any consent or having failed
to give any consent, solely in the interests of any Note Holder.

 

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

 

Each Non-Controlling Note
Holder shall have the right at any time to appoint a representative in connection with the exercise of its rights and obligations
with respect to the Mortgage Loan (with respect to such Note Holder, the “Non-Controlling Note Holder Representative”).
All of the provisions relating to the Controlling Note Holder and the Controlling Note Holder Representative set forth in the first
paragraph of this Section 6(a) (except those contained in the last sentence thereof) and the second paragraph
of this Section 6(a) shall apply to each Non-Controlling Note Holder and its Non-Controlling Note Holder Representative
mutatis mutandis.

 

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

 

(b)          The
Controlling Note Holder shall be entitled to exercise the rights and powers granted to the Controlling Note hereunder and the rights
and powers granted to the Lead Securitization Controlling Class Representative with respect to the Mortgage Loan (assuming that
a “Subordinate Control Period” or similar period under, and as defined in, the Lead Securitization Servicing Agreement
is in effect). In addition, the Controlling Note Holder shall be entitled to advise (1) the Special Servicer with respect to all
matters related to the Mortgage Loan if it is a Specially Serviced Mortgage Loan and (2) the Special Servicer with respect to all
matters for which the Master Servicer must obtain the consent or deemed consent of the Special Servicer, and, except as set forth
below (i) the Master Servicer shall not be permitted to implement any Major Decision unless it has obtained the prior written consent
of the Special Servicer and (ii) the Special Servicer shall not be permitted to consent to the Master Servicer’s implementing
any Major Decision nor will the Special Servicer itself be permitted to implement any Major Decision as to which the Controlling
Note Holder has objected in writing within ten (10) Business Days (or thirty (30) days with respect to an Acceptable Insurance
Default) after receipt of the written recommendation and analysis and such additional information requested by the Controlling
Note Holder as may be necessary in the reasonable judgment of the Controlling Note Holder in order to make a judgment with respect
to such Major Decision. The Controlling

 

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Note Holder may also direct the Special Servicer to take, or to refrain from taking, such
other actions with respect to the Mortgage Loan as the Controlling Note Holder may deem advisable.

 

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

 

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

 

No objection, direction,
consent or advice contemplated by the preceding paragraphs may require or cause the Master Servicer or the Special Servicer, as
applicable, to violate any provision of the Mortgage Loan Documents, applicable law, the Lead Securitization Servicing Agreement,
this Agreement, the REMIC Provisions of the Code or the Master Servicer or Special Servicer’s obligation to act in accordance
with the Servicing Standard.

 

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

 

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from acting, or having given any consent or having failed to give any consent, solely in the interest of any Note Holder.

 

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

 

Section 8.          Payment
Procedure.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

Section 14.        Sale
of the Notes.

 

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(a)          Each
Note Holder agrees that it will not sell, assign, transfer, pledge, syndicate, hypothecate, contribute, encumber or otherwise dispose
of all or any portion of its respective Note (or a participation interest in such Note) (a “Transfer”) except
to a Qualified Institutional Lender in accordance with the terms of this Agreement. Promptly after any such Transfer, any non-transferring
Note Holders shall be provided with (x) a representation from each transferee or the transferring Note Holder certifying that such
transferee is a Qualified Institutional Lender (except in the case of a Transfer in accordance with the immediately following sentence
or a Transfer by a Note Holder to an entity that constitutes a Qualified Institutional Lender pursuant to clause (c)(iii) of the
definition thereof) and (y) a copy of the assignment and assumption agreement referred to in Section 15. If a Note Holder
intends to Transfer its respective Note, or any portion thereof, to an entity that is not a Qualified Institutional Lender, it
must first obtain the consent of each non-transferring Note Holder and, if any such non-transferring Note Holder’s Note is
held in a Securitization Trust, obtain a Rating Agency Confirmation from each of the applicable engaged Rating Agencies for such
Securitization Trust. Notwithstanding the foregoing, without each non-transferring Note Holder’s prior consent (which will
not be unreasonably withheld), and, if any such non-transferring Note Holder’s Note is held in a Securitization Trust, without
a Rating Agency from each of the applicable engaged Rating Agencies for such Securitization, no Note Holder shall Transfer all
or any portion of its Note (or a participation interest in such Note) to the Mortgage Loan Borrower or a Mortgage Loan Borrower
Related Party and any such Transfer shall be absolutely null and void and shall vest no rights in the purported transferee. The
transferring Note Holder agrees that it shall pay the expenses of any non-transferring Note Holder (including all expenses of the
Master Servicer, the Special Servicer, the Trustee and any Controlling Note Holder or Controlling Note Holder Representative) and
all expenses relating to the confirmation from the Rating Agencies in connection with any such Transfer. Notwithstanding the foregoing,
unless the related Note is included in a Securitization, each Note Holder shall have the right, without the need to obtain the
consent of any other Note Holder, the Rating Agencies or any other Person, to Transfer 49% or less (in the aggregate) of its beneficial
interest in a Note. None of the provisions of this Section 14(a) shall apply in the case of (1) a sale of Note A-2 together with
Note A-1, Note A-3, Note A-4 and Note A-5, in accordance with the terms and conditions of the Lead Securitization Servicing Agreement
or (2) a transfer by the Special Servicer, in accordance with the terms and conditions of the Lead Securitization Servicing Agreement,
of the Mortgage Loan or the Mortgaged Property, upon the Mortgage Loan becoming a Defaulted Loan, to a single member limited liability
or limited partnership, 100% of the equity interest in which is owned directly or indirectly, through one or more single member
limited liability companies or limited partnerships, by the Lead Securitization Trust.

 

For the purposes of this
Agreement, if any Rating Agency shall, in writing, waive, decline or refuse to review or otherwise engage any request for a Rating
Agency Confirmation, such waiver, declination, or refusal shall be deemed to eliminate, for such request only, the condition that
such confirmation by such Rating Agency (only) be obtained for purposes of this Agreement. For purposes of clarity, any such waiver,
declination or refusal to review or otherwise engage in any request for such confirmation hereunder shall not be deemed a waiver,
declination or refusal to review or otherwise engage in any subsequent request for such Rating Agency Confirmation hereunder and
the condition for such Rating Agency Confirmation pursuant to this Agreement for any subsequent request shall apply regardless
of any previous waiver, declination or refusal to review or otherwise engage in such prior request.

 

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

 

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

 

    	-39-

    	 

    

 

Note Holder on account of such other Note Holder’s or Servicer’s compliance with any Redirection Notice
believed by any Servicer or such other Note Holder to have been delivered by a Note Pledgee. Note Pledgee shall be permitted to
exercise fully its rights and remedies against the pledging Note Holder to such Note Pledgee (and accept an assignment in lieu
of foreclosure as to such collateral), in accordance with applicable law and this Agreement. In such event, the Note Holders and
any Servicer shall recognize such Note Pledgee (and any transferee other than the Mortgage Loan Borrower or any Affiliate thereof
which is also a Qualified Institutional Lender at any foreclosure or similar sale held by such Note Pledgee or any transfer in
lieu of foreclosure), and its successor and assigns, as the successor to the pledging Note Holder’s rights, remedies and
obligations under this Agreement, and any such Note Pledgee or Qualified Institutional Lender shall assume in writing the obligations
of the pledging Note Holder hereunder accruing from and after such Transfer (i.e., realization upon the collateral by such
Note Pledgee) and agrees to be bound by the terms and provisions of this Agreement. The rights of a Note Pledgee under this Section
14(c) shall remain effective as to any Note Holder (and any Servicer) unless and until such Note Pledgee shall have notified
any such Note Holder (and any Servicer, as applicable) in writing that its interest in the pledged Note has terminated.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

(a)          SUBMITS
FOR ITSELF AND ITS PROPERTY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT, OR FOR RECOGNITION AND ENFORCEMENT OF
ANY JUDGMENT IN RESPECT THEREOF, TO THE NON-EXCLUSIVE GENERAL JURISDICTION OF THE COURTS OF THE STATE OF NEW

 

    	-41-

    	 

    

 

YORK, THE FEDERAL
COURTS OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK, AND APPELLATE COURTS FROM ANY THEREOF;

 

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

 

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

 

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

 

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

 

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

 

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

 

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all rights and benefits of the applicable Note Holder hereunder. For the avoidance of doubt, the representations in Section
11 shall not be binding upon any Securitization Trust.

 

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

 

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

 

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

 

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

 

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

 

(b)          Each
Note Holder (to the extent it is not the same entity as the Lead Securitization Note Holder) shall and hereby agrees to indemnify
the Lead Securitization Note Holder against and hold the Lead Securitization Note Holder harmless from and against any Taxes, interest,
penalties and attorneys’ fees and disbursements arising or resulting from any failure of the Lead Securitization Note Holder
to withhold Taxes from payment made to such Note Holder in reliance upon any representation, certificate, statement, document or
instrument made or provided by such Note Holder to the Lead Securitization Note Holder in connection with the obligation of the
Lead Securitization Note Holder to withhold Taxes from payments made to such Note Holder, it being expressly understood and agreed
that (i) the Lead

 

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 Securitization Note Holder shall be absolutely and unconditionally entitled to accept any such representation,
certificate, statement, document or instrument as being true and correct in all respects and to fully rely thereon without any
obligation or responsibility to investigate or to make any inquiries with respect to the accuracy, veracity, correctness or validity
of the same and (ii) such Note Holder, upon request of the Lead Securitization Note Holder and at its sole cost and expense, shall
defend any claim or action relating to the foregoing indemnification using counsel selected by the Lead Securitization Note Holder.

 

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

 

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Section 26.        Custody
of Mortgage Loan Documents. Prior to the Note A-1 Securitization
Date, the Note A-2 Securitization Date, the Note A-3 Securitization Date, the Note A-4 Securitization Date and the Note A-5 Securitization
Date, originals of all of the Mortgage Loan Documents (other than Note A-1, Note A-2, Note A-3, Note A-4 and Note A-5) will be
held by the Initial Agent on behalf of the registered holders of the Notes. On and after the earliest of the Note A-2 Securitization
Date, the Note A-3 Securitization Date, the Note A-4 Securitization Date and the Note A-5 Securitization Date, but prior to the
Note A-2 Securitization Date, the originals of all of the Mortgage Loan Documents (other than Note A-2 and the three other Notes
not subject to the Securitization on such Securitization Date) shall be held in the name of the trustee (and held by a duly appointed
custodian therefor) under the Note A-1 PSA, the Note A-3 PSA, the Note A-4 PSA or the Note A-5 PSA, as applicable, on behalf of
the registered holders of the Notes. On and after the Note A-2 Securitization Date, the originals of all of the Mortgage Loan Documents
(other than Note A-1, Note A-3, Note A-4 and Note A-5) shall be transferred to and held in the name of the trustee (and held by
a duly appointed custodian therefor) under the Note A-2 PSA, on behalf of the registered holders of the Notes.

 

Section 27.        Cooperation
in Securitization.

 

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

 

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the preparation of any offering documents thereof and to review and respond reasonably promptly with
respect to any information relating to such Non-Securitizing Note Holder and its Note in any Securitization document. Each Note
Holder acknowledges that in connection with any Securitization, the information provided by it in its capacity as a Non-Securitizing
Note Holder to the related Securitizing Note Holder may be incorporated into the offering documents for such Securitization. Each
Securitizing Note Holder and each Rating Agency shall be entitled to rely on the information supplied by, or on behalf of, each
Non-Securitizing Note Holder. The Securitizing Note Holder shall reasonably cooperate with each Non-Securitizing Note Holder by
providing all information reasonably requested that is in the Securitizing Note Holder’s possession in connection with such
Non-Securitizing Note Holder’s preparation of disclosure materials in connection with a Securitization.

 

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

 

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

 

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

 

Section 30.        Certain
Matters Affecting the Agent.

 

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

 

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

 

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

 

(d)          The
Agent or any of its directors, officers, employees, Affiliates, agents or “control” persons within the meaning of the
Act, shall not be personally liable for any action

 

    	-46-

    	 

    

 

taken, suffered or omitted by it in good faith and reasonably believed by the
Agent to be authorized or within the discretion or rights or powers conferred upon it by this Agreement;

 

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

 

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

 

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

 

Section 31.        Reserved.

 

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

 

Section 33.       Resizing.
Notwithstanding any other provision of this Agreement, for so long as UBSRES or BANA, or an affiliate thereof (each an “Original
Entity”) is the owner of each Non-Lead Securitization Note (each an “Owned Note”), such Original
Entity shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Mortgage Loan Borrower to execute
amended and restated notes or additional notes (in either case, “New Notes”) reallocating the principal of
an Owned Note to such New Notes; or severing an Owned Note into one or more further “component” notes in the aggregate
principal amount equal to the then outstanding principal balance of such Owned Note provided that (i) the aggregate principal
balance of all outstanding New Notes following such amendments is no greater than the aggregate principal of such Owned Note prior
to such amendments, (ii) all Notes continue to have the same weighted average interest rate as the Notes prior to such amendments,
(iii) all Notes pay pro rata and on a pari passu basis and such reallocated or component notes shall be automatically
subject to the terms of this Agreement, (iv) the Original Entity holding the New Notes shall notify the Lead Securitization Note
Holder, the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee in writing of such modified allocations
and

 

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principal amounts, and (v) the execution of
such amendments and New Notes does not violate the Servicing Standard. If the Lead Securitization Note Holder so requests, the
Original Entity holding the New Notes (and any subsequent holder of such Notes) shall execute a confirmation of the continuing
applicability of this Agreement to the New Notes, as so modified. Except for the foregoing reallocation and for modifications
pursuant to the Lead Securitization Servicing Agreement (as discussed in Section 5), no Note may be modified or amended
without the consent of its holder and the consent of the holder of each other Note. In connection with the foregoing (provided
the conditions set forth in clauses (i) through (v) above are satisfied, with respect to clauses (i) through (iv),
as certified by the Original Entity, on which certification the Master Servicer can rely), the Master Servicer is hereby authorized
and directed to execute amendments to the Mortgage Loan Documents and this Agreement on behalf of any or all of the Note Holders,
as applicable, solely for the purpose of reflecting such reallocation of principal. If more than one New Note is created hereunder,
for purposes of exercising the rights of a Controlling Note Holder or Non-Controlling Note Holder hereunder, the “Controlling
Note Holder” or “Non-Controlling Note Holder”, as applicable, shall be as provided in the definitions of such
terms in this Agreement; provided that the Controlling Note Holder shall be entitled to designate any New Note created from the
existing Controlling Note to be a Non-Controlling Note hereunder.

 

[SIGNATURE PAGE FOLLOWS]

 

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

 

	 	
        WELLS FARGO BANK,
NATIONAL ASSOCIATION, AS TRUSTEE, FOR THE BENEFIT OF THE HOLDERS OF THE MORGAN STANLEY CAPITAL I TRUST 2015-UBS8, COMMERCIAL MORTGAGE
PASS-THROUGH CERTIFICATES, SERIES 2015-UBS8, as Note A-1 Holder 

	 	 	 
	 	By:	Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer
	 	 	 
	 	By:	/s/ Bradley J. Hauger
	 	 	Name:   Bradley J. Hauger
	 	 	Title:      Senior Vice President 
	 	 	 
	 	UBS
                    REAL ESTATE SECURITIES INC., as
                    Initial Note A-2 Holder
	 	 	 
	 	By:	/s/ Racquel A.C. Small
	 	 	Name:	Racquel A.C. Small
	 	 	Title:	Executive Director
	 	 	 
	 	By:	/s/ Nicholas Galeone
	 	 	Name:	Nicholas Galeone
	 	 	Title:	Executive Director

 

MSCI
2016-UBS9: GROVE CITY AMENDED AND RESTATED AGREEMENT BETWEEN NOTE HOLDERS

 

    	 

    	 

    

  

	 	UBS
REAL ESTATE SECURITIES INC., as Initial Note A-3 Holder

        
	 	 	 
	 	By:	/s/ Racquel A.C. Small
	 		Name:	Racquel A.C. Small
	 		Title:	Executive Director

 

	 	 	 
	 	By:	/s/ Nicholas Galeone
	 		Name:	Nicholas Galeone
	 		Title:	Executive Director

 

	 	UBS
REAL ESTATE SECURITIES INC., as Initial Note A-4 Holder

        
	 	 	 
	 	By:	/s/ Racquel A.C. Small
	 		Name:	Racquel A.C. Small
	 		Title:	Executive Director

	 	 	 
	 	By:	/s/ Nicholas
    Galeone
	 		Name:	Nicholas Galeone
	 		Title:	Executive Director
	 	 	 
	 	BANK
OF AMERICA, N.A., as Initial Note A-5 Holder
	 	 	 
	 	By:	/s/ Steven Wasser
	 	 	Name:	Steven Wasser
	 	 	Title:	Managing Director

 

MSCI
2016-UBS9: GROVE CITY AMENDED AND RESTATED AGREEMENT BETWEEN NOTE HOLDERS

 

    	 

    	 

    

 

EXHIBIT
A

 

MORTGAGE
LOAN SCHEDULE

 

Description of Mortgage Loan

 

	Mortgage
    Loan Borrower(s):	Grove
    City Factory Shops Partnership
	Date
    of Mortgage Loan: 	November
    3, 2015
	Date
    of the Notes: 	Original
Notes Effective as of November 3, 2015

Amended as of February 16, 2016

	Original
    Principal Amount of Mortgage Loan:	$140,000,000.00
	Promissory
    Note A-1 Principal Balance:	$40,000,000.00
	Promissory
    Note A-2 Principal Balance:	$24,000,000.00
	Promissory
    Note A-3 Principal Balance:	$13,000,000.00
	Promissory
    Note A-4 Principal Balance:	$7,000,000.00
	Promissory
    Note A-5 Principal Balance:	$56,000,000.00
	Location
    of Mortgaged Property:	1911
    Leesburg Grove City Road, Grove City, Pennsylvania, 16127
	Initial
    Maturity Date:	November
    6, 2025

 

    	A-1

    	 

    

  

EXHIBIT
B

 

1.            Note
A-1 Holder: 

 

To
Wells Fargo Bank, National Association, as Trustee, for the benefit of the Holders of the Morgan Stanley Capital I Trust 2015-UBS8,
Commercial Mortgage Pass-Through Certificates, Series 2015-UBS8:

 

Wells
Fargo Bank, National Association, as Trustee, for the benefit of the Holders of the Morgan Stanley Capital I Trust 2015-UBS8,
Commercial Mortgage Pass-Through Certificates, Series 2015-UBS8 

c/o
Midland Loan Services, a Division of PNC Bank, National Association 

10851
Mastin Street, Suite 700 

Overland
Park, Kansas 66210 

Attention:
Executive Vice President – Division Head

  

with
a copy to: 

 

Stinson
Leonard Street LLP 

1201
Walnut Street, Suite 2900 

Kansas
City, Missouri 64106-2150 

Attention:
Kenda K. Tomes

  

2.           Initial
Note A-2 Holder:

  

(Prior
to Securitization of Note A-2):

  

To
UBSRES: 

 

UBS
Real Estate Securities Inc.

1285
Avenue of the Americas 

New
York, New York 10019 

Attention: 
David Schell 

Email: 
david.schell@ubs.com 

 

with
a copy to:

 

Cadwalader,
Wickersham & Taft LLP

One World Financial Center

New York, New York 10281

Attention: Frank Polverino, Esq.

Facsimile No.: (212) 504-6666

Email: frank.polverino@cwt.com

 

    	B-1

    	 

    

 

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

 

3.            Initial
Note A-3 Holder:

  

(Prior
to Securitization of Note A-3):

  

To
UBSRES: 

 

UBS
Real Estate Securities Inc. 

1285
Avenue of the Americas 

New
York, New York 10019 

Attention: 
David Schell 

Email: 
david.schell@ubs.com

 

with a copy to:

  

Cadwalader,
Wickersham & Taft LLP

One World Financial Center

New York, New York 10281

Attention: Frank Polverino, Esq.

Facsimile No.: (212) 504-6666

Email: frank.polverino@cwt.com

  

Following
Securitization of Note A-3 the applicable notice addresses set forth in the related Securitization Servicing Agreement.

  

4.            Initial
Note A-4 Holder:

  

(Prior
to Securitization of Note A-4):

  

To
UBSRES:

 

UBS
Real Estate Securities Inc. 

1285
Avenue of the Americas 

New
York, New York 10019 

Attention: 
David Schell 

Email: 
david.schell@ubs.com

 

with a copy to:

 

    	B-2

    	 

    

 

Cadwalader,
Wickersham & Taft LLP

One World Financial Center

New York, New York 10281

Attention: Frank Polverino, Esq.

Facsimile No.: (212) 504-6666

Email: frank.polverino@cwt.com

  

Following
Securitization of Note A-4 the applicable notice addresses set forth in the related Securitization Servicing Agreement.

 

5.            Initial
Note A-5 Holder:

  

(Prior
to Securitization of Note A-5):

 

Bank
of America, N.A.

NC1-027-15-01 

214
North Tryon Street 

Charlotte,
North Carolina 28255 

Attention:
Steven L. Wasser

Email: steve.l.wasser@baml.com

 

with
a copy to:

 

Bank
of America, N.A.

214 North Tryon Street, 20th Floor

NC1-027-20-05

Charlotte, North Carolina 28255

Attention: W. Todd Stillerman, Esq. 

Email:
william.stillerman@bankofamerica.com

  

Following
Securitization of Note A-5 the applicable notice addresses set forth in the related Securitization Servicing Agreement.

 

    	B-3

    	 

    

  

EXHIBIT
C 

PERMITTED
FUND MANAGERS

 

	1.	Alliance Bernstein
	2.	Annaly Capital Management
	3.	Apollo Real Estate Advisors
	4.	Archon Capital, L.P.
	5.	AREA Property Partners
	6.	Artemis Real Estate Partners
	7.	BlackRock, Inc.
	8.	Capital Trust, Inc.
	9.	Clarion Partners
	10.	Colony Capital, LLC / Colony Financial, Inc.
	11.	CreXus Investment Corporation/Annaly Capital Management
	12.	DLJ Real Estate Capital Partners
	13.	Dune Real Estate Partners
	14.	Eightfold Real Estate Capital, L.P.
	15.	Five Mile Capital Partners
	16.	Fortress Investment Group, LLC
	17.	Garrison Investment Group
	18.	Goldman, Sachs & Co.
	19.	H/2 Capital Partners LLC
	20.	Hudson Advisors
	21.	Investcorp International
	22.	iStar Financial Inc.
	23.	J.P. Morgan Investment Management Inc.
	24.	JER Partners
	25.	Lend-Lease Real Estate Investments
	26.	Libermax Capital LLC
	27.	LoanCore Capital
	28.	Lone Star Funds
	29.	Lowe Enterprises
	30.	Normandy Real Estate Partners
	31.	One William Street Capital Management, L.P.
	32.	Och-Ziff Capital Management Group/ OZ Management, L.P./ OZ Management II., L.P.
	33.	Praedium Group
	34.	Raith Capital Partners, LLC
	35.	Rialto Capital Management, LLC
	36.	Rialto Capital Partners LLC
	37.	Rimrock Capital Management LLC
	38.	Rockpoint Group
	39.	Rockwood
	40.	RREEF Funds
	41.	Square Mile Capital Management
	42.	Starwood Capital Group/Starwood Financial Trust
	43.	The Blackstone Group
	44.	The Carlyle Group
	45.	Torchlight Investors
	46.	Walton Street Capital, L.L.C.
	47.	Westbrook Partners
	48.	WestRiver Capital
	49.	Wheelock Street Capital
	50.	Whitehall Street Real Estate Fund, L.P.

 

    	C-1Exhibit 4.11

 

 

EXECUTION VERSION

	 

 

 

Hyatt Regency Huntington
Beach

 

AMENDED AND RESTATED CO-LENDER
AGREEMENT

 

Dated as of May 10, 2016

 

between

 

CITIGROUP GLOBAL MARKETS
REALTY CORP.

(Note A-1-1 Holder, Note
A-1-2 Holder, Note A-2 Holder and Note A-3 Holder)

 

and

 

UBS REAL ESTATE SECURITIES
INC.

(Note A-4 Holder and Note A-5 Holder)

 

	 

 

    

     

    

 

TABLE OF CONTENTS

 

	 	 	 	Page
	 	 	 	 
	1.	Definitions; Conflicts	 	2
	2.	Servicing of the Mortgage Loan	 	19
	3.	Priority of Notes	 	21
	4.	Workout	 	21
	5.	Accounts; Payment Procedure	 	22
	6.	Limitation on Liability	 	22
	7.	Representations of the Holders	 	23
	8.	Independent Analyses of each Holder	 	23
	9.	No Creation of a Partnership or Exclusive Purchase Right	 	24
	10.	Not a Security	 	24
	11.	Other Business Activities of the Holders	 	24
	12.	Transfer of Notes	 	24
	13.	Exercise of Remedies by the Servicer	 	26
	14.	Rights of the Directing Holder	 	28
	15.	Appointment of Special Servicer	 	29
	16.	Rights of the Non-Directing Holders	 	30
	17.	Advances; Reimbursement of Advances	 	31
	18.	Provisions Relating to Securitization	 	32
	19.	Governing Law; Waiver of Jury Trial	 	43
	20.	Modifications	 	43
	21.	Successors and Assigns; Third Party Beneficiaries	 	43
	22.	Counterparts	 	44
	23.	Captions	 	44
	24.	Notices	 	44
	25.	Custody of Mortgage Loan Documents / Mortgagee of Record	 	44

 

    -i-

     

    

 

THIS AMENDED
AND RESTATED CO-LENDER AGREEMENT (this “Agreement”), dated as of May 10, 2016, is between CITIGROUP GLOBAL
MARKETS REALTY CORP., a New York corporation (“Citi”), having an address at 390 Greenwich Street, 7th
Floor, New York, New York, as Note A-1-1 Holder, Note A-1-2 Holder, Note A-2 Holder and Note A-3 Holder, and UBS REAL ESTATE
SECURITIES INC., a Delaware corporation (“UBSRES”), having an address at 1285 Avenue of the Americas, New
York, New York 10019, as Note A-4 Holder and Note A-5 Holder.

 

W I T
N E S S E T H:

 

WHEREAS,
Citi and UBSRES have made a mortgage loan in the original principal amount of $200,000,000 (the “Mortgage Loan”)
to PCH Beach Resort, LLC, a California limited liability company (the “Borrower”), pursuant to a loan agreement
between the Borrower, as borrower, and Citi and UBSRES, as lenders, dated as of April 27, 2016, as amended by that certain First
Amendment to Loan Agreement and Note Splitter and Modification Agreement dated as of May 10, 2016 (together, the “Loan
Agreement”);

 

WHEREAS, the
Mortgage Loan is evidenced by six promissory notes, Replacement Promissory Note A-1-1 in the original principal amount of $54,000,000,
Replacement Promissory Note A-1-2 in the original principal amount of $6,000,000, Promissory Note A-2 in the original principal
amount of $40,000,000, Promissory Note A-3 in the original principal amount of $40,000,000, Promissory Note A-4 in the original
principal amount of $50,000,000 and Promissory Note A-5 in the original principal amount of $10,000,000 (“Note A-1-1”,
“Note A-1-2”, “Note A-2”, “Note A-3”, “Note A-4” and
“Note A-5”, respectively and individually, and each a “Note” and collectively the “Notes”);

 

WHEREAS, the
Mortgage Loan is secured by a first mortgage lien (the “Mortgage”) on the real property known as Hyatt Regency
Huntington Beach, located in Huntington Beach, California (the “Mortgaged Property”);

 

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

 

WHEREAS,
the Initial Note A-1-2 Holder intends, but is not bound, to sell transfer and assign all or a portion of its right, title and interest
in and to Note A-1-2 to one or more depositors who will in turn transfer the same to one or more trusts as part of the securitization
of one or more mortgage loans;

 

WHEREAS,
the Initial Note A-2 Holder intends, but is not bound, to sell transfer and assign all or a portion of its right, title and interest
in and to Note A-2 to one or more depositors who will in turn transfer the same to one or more trusts as part of the securitization
of one or more mortgage loans;

 

    

     

    

 

WHEREAS,
the Initial Note A-3 Holder intends, but is not bound, to sell transfer and assign all or a portion of its right, title and interest
in and to Note A-3 to one or more depositors who will in turn transfer the same to one or more trusts as part of the securitization
of one or more mortgage loans;

 

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

 

WHEREAS,
the Initial Note A-5 Holder intends, but is not bound, to sell transfer and assign all or a portion of its right, title and interest
in and to Note A-5 to one or more depositors who will in turn transfer the same to one or more trusts as part of the securitization
of one or more mortgage loans;

 

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

 

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

 

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

 

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

 

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

 

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

 

“Affiliate”
shall mean, (i) prior to the occurrence of the Lead Securitization, with respect to any specified Person, (a) any other Person
controlling or controlled by or under

 

    	-2-

     

    

 

common control with such specified
Person (each, a “Common Control Party”), (b) any other Person owning, directly or indirectly, ten percent (10%)
or more of the beneficial interests in such Person or (c) any other Person in which such Person or a Common Control Party owns,
directly or indirectly, ten percent (10%) or more of the beneficial interests (and, for the purposes of the definition in this
clause (i), “control” when used with respect to any specified Person means the power to direct the management and policies
of such Person, directly or indirectly, whether through the ownership of voting securities, by contract, relation to individuals
or otherwise, and the terms “controlling” and “controlled” have meanings correlative to the foregoing),
and (ii) following the occurrence of the Lead Securitization, shall have the meaning assigned thereto in the Lead Securitization
Servicing Agreement.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    	-3-

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    	-4-

     

    

 

“Draft
PSA” shall mean, collectively, the latest draft pooling and servicing agreement distributed in connection with the CGCMT
2016-C1 securitization transaction as of the date of this Agreement, updated prior to the closing date of the CGCMT 2016-C1 securitization
transaction to (i) conform to the pooling and servicing agreement executed in connection with the CGCMT 2015-GC33 securitization
transaction (to the extent requested by the CGCMT 2016-C1 b-piece buyer or related deal parties) and (ii) incorporate Rating Agency
comments.

 

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

 

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

 

“Excluded Amounts” shall mean:

 

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

 

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

 

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

 

provided, however, that Excluded
Amounts shall not include (A) any amounts received in respect of any P&I Advances (and interest thereon), (B) any Servicing
Fees due to the Master Servicer in excess of the Servicing Fee calculated at the “primary servicing fee rate” set forth
in the Servicing Agreement and (C) any Trustee Fees, Certificate Administrator Fees or Operating Advisor Fees.

 

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

 

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

 

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

 

    	-5-

     

    

 

“Initial Note
A-1-1 Holder” shall have the meaning assigned to such term in Section 18(a).

 

“Initial Note
A-1-2 Holder” shall have the meaning assigned to such term in Section 18(b).

 

“Initial Note A-2 Holder” shall have the
meaning assigned to such term in Section 18(c).

 

“Initial Note A-3 Holder” shall have the
meaning assigned to such term in Section 18(d).

 

“Initial Note A-4 Holder” shall have the
meaning assigned to such term in Section 18(e).

 

“Initial Note A-5 Holder” shall have the
meaning assigned to such term in Section 18(f).

 

“Initial
Note Holder” shall mean each of the Initial Note A-1-1 Holder, the Initial Note A-1-2 Holder, the Initial Note A-2
Holder, the Initial Note A-3 Holder, the Initial Note A-4 Holder and the Initial Note A-5 Holder (each as defined in Section
18 of this Agreement).

 

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

 

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

 

“Lead Note” shall mean:

 

(i) during the period from and after the earliest
of (a) the Note A-1-2 Securitization Date, (b) the Note A-2 Securitization Date, (c) the Note A-3 Securitization Date, (d)
the Note A-4 Securitization Date and (e) the Note A-5 Securitization Date, and prior to the Note A-1-1 Securitization Date, the
Note with the earliest Securitization Date; and

 

(ii) immediately upon the occurrence of and following
the Note A-1-1 Securitization Date, Note A-1-1.

 

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

 

“Lead Securitization” shall mean:

 

(i) during the period from and after the earliest
of (a) the Note A-1-2 Securitization Date, (b) the Note A-2 Securitization Date, (c) the Note A-3 Securitization Date, 

 

    	-6-

     

    

 

(d) the Note A-4 Securitization Date and (e) the
Note A-5 Securitization Date, and prior to the Note A-1-1 Securitization Date, the Securitization with the earliest
Securitization Date; and

 

(ii) immediately upon
the occurrence of and following the Note A-1-1 Securitization Date, the Note A-1-1 Securitization.

 

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

 

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

 

“Lead Securitization Servicing Agreement”
shall mean:

 

(i) during the period from and after the earliest
of (a) the Note A-1-2 Securitization Date, (b) the Note A-2 Securitization Date, (c) the Note A-3 Securitization Date, (d)
the Note A-4 Securitization Date and (e) the Note A-5 Securitization Date, and prior to the Note A-1-1 Securitization Date, the
PSA related to the Securitization with the earliest Securitization Date; and

 

(ii) immediately upon
the occurrence of and following the Note A-1-1 Securitization Date, the Note A-1-1 PSA.

 

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

 

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

 

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

 

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

 

“Major
Decision” shall have the meaning given to such term or any analogous term in the Lead Securitization Servicing Agreement;
provided that, at any time that none of Note A-1-1, Note A-1-2, Note A-2, Note A-3, Note A-4 or Note A-5 is included in the Lead
Securitization, “Major Decision” shall mean, any of the following,

 

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

 

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

 

    	-7-

     

    

 

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

 

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

 

(v)          any
release of collateral or any acceptance of substitute or additional collateral for the Mortgage Loan, or any consent to either
of the foregoing, other than as required pursuant to the specific terms of the related Mortgage Loan and for which there is no
material lender discretion;

 

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

 

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

 

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

 

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

 

(x)          any determination of an Acceptable Insurance
Default;

 

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

 

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

 

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

 

    	-8-

     

    

 

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

 

“Master
Servicer Remittance Date” shall mean, with respect to each Non-Lead Note, (i) prior to the related Non-Lead Securitization,
the “master servicer remittance date” as such term is defined in the applicable Servicing Agreement, and (ii) from
and after the related Non-Lead Securitization, the earlier of (x) the “master servicer remittance date” as such term
is defined in the Lead Securitization Servicing Agreement, and (y) the business day following the “determination date”
as such term or a similar term is defined in the related Non-Lead Securitization Servicing Agreement, in each case above in this
definition as long as such date is at least one Business Day after receipt of the scheduled Monthly Payment in each month.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Non-Directing
Holders” shall mean the Holder(s) of more than a fifty percent (50%) percentage interest in any Note other than Note
A-1-1, and if such Note has been included in a Securitization, the holders of Certificates representing the specified interest
in the class of Certificates designated as the “controlling class” or the duly appointed representative of the

 

    	-9-

     

    

 

holders of such Certificates
or such other party otherwise entitled under each Non-Lead Securitization Servicing Agreement to exercise the rights granted to
the related Non-Directing Holder in this Agreement. If a Non-Lead Note is not in a Securitization, the Non-Directing Holder with
respect to such Note will be the then-current Holder of such Note.

 

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

 

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

 

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

 

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

 

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

  

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

  

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

 

“Non-Lead
Securitization Servicing Agreement” shall mean each PSA other than the Lead Securitization Servicing Agreement.

 

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

 

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

 

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

 

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

 

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

 

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

 

“Note A-1-1 Principal
Balance” shall mean, at any time of determination, the initial Note A-1-1 Principal Balance as set forth in the Mortgage
Loan Schedule, less any

 

    	-10-

     

    

 

payments of principal thereon received by the Note
A-1-1 Holder and any reductions in such amount pursuant to Section 4.

 

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

 

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

 

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

 

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

 

“Note A-1-2” shall have the meaning
assigned such term in the recitals.

 

“Note A-1-2 Holder” shall mean Citi
or any subsequent holder of Note A-1-2.

 

“Note
A-1-2 Principal Balance” shall mean, at any time of determination, the initial Note A-1-2 Principal Balance as set forth
in the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-1-2 Holder and any reductions in such
amount pursuant to Section 4.

 

“Note
A-1-2 PSA” shall mean the “pooling and servicing agreement” entered into in connection with the Note A-1-2
Securitization.

 

“Note
A-1-2 Securitization” shall mean the first sale by the Note A-1-2 Holder of all or a portion of Note A-1-2 to a depositor
who will in turn include all or such portion of Note A-1-2 (as applicable) as part of the securitization of one or more mortgage
loans.

 

“Note A-1-2 Securitization Date” shall mean
the closing date of the Note A-1-2 Securitization.

 

“Note A-1-2 Trust Fund” shall mean the trust
formed pursuant to the Note A-1-2 PSA.

 

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

 

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

 

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

 

    	-11-

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    	-12-

     

    

 

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

 

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

  

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“P&I
Advance” shall mean an advance made by a party to the Note A-1-1 PSA, the Note A-1-2 PSA, the Note A-2 PSA, the Note
A-3 PSA, the Note A-4 PSA and the Note A-5

 

PSA, as applicable, with respect to a delinquent monthly
debt service payment on the Notes included in the related Securitization.

 

“Penalty
Charges” shall mean any amounts collected from the Borrower or with respect to the Mortgage Loan or the Mortgaged Property
that represent default charges, penalty

 

    	-13-

     

    

 

charges, late fees and/or default interest, but
excluding any yield maintenance charge or prepayment premium.

 

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

 

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

 

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

 

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

 

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

 

“Qualified
Servicer” shall mean (i) Wells Fargo Bank, National Association, (ii) Midland Loan Services, a Division of PNC Bank,
National Association, (iii) KeyBank National Association or (iv) any nationally recognized commercial mortgage loan servicer (1)
rated at least “CSS3,” in the case of a special servicer, or at least “CMS2,” in the case of a master servicer,
by Fitch, (2) on the S&P Select Servicer List as a U.S. Commercial Mortgage Master Servicer or a U.S. Commercial Mortgage Special
Servicer, as applicable, (3) as to which neither Moody’s nor KBRA has cited servicing concerns of such servicer as the sole
or material factor in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status” in
contemplation of a ratings downgrade or withdrawal) of securities in any CMBS transaction rated by Moody’s or KBRA, as applicable,
and serviced by such servicer prior to the time of determination, (4) that (i) during the 12-month period prior to the date of
determination, acted as master servicer or special servicer, as applicable, in a commercial mortgage loan securitization rated
by Morningstar and (ii) Morningstar has not qualified, downgraded or

 

    	-14-

     

    

  

withdrawn the then-current
rating or ratings of one or more classes of such certificates citing servicing concerns with the servicer or special servicer,
as applicable, as the sole or material factor in such rating action and (5) that is then currently acting as servicer in a CMBS
transaction rated by DBRS and as to which DBRS has not cited servicing concerns of such servicer as the sole or material factor
in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation of a
ratings downgrade or withdrawal) of any securities issued in such transaction that are rated by DBRS. For purposes of this definition,
for so long as any Note is included in a Securitization, the ratings or actions of any Rating Agency that is not rating such Securitization(s)
shall not be considered.

 

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

 

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

 

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

 

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

 

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

 

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

 

    	-15-

     

    

 

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

 

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

 

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

 

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

 

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

 

For the purposes
of this Agreement, if any Rating Agency (1) waives, declines or refuses, in writing, to review or otherwise engage any request
for a confirmation hereunder from such Rating Agency that a proposed action will not result in a qualification, downgrade or withdrawal
of its then current rating of the securities issued pursuant to the related Securitization, or (2) does not reply to such request
or responds in a manner that indicates that such Rating Agency is neither reviewing such request nor waiving the requirement for
Rating Agency Confirmation and the related timing, notice and other applicable provisions set forth in the Note

 

    	-16-

     

    

 

A-1-1 PSA, the Note A-1-2 PSA, the Note A-2 PSA, the Note A-3
PSA, the Note A-4 PSA and the Note A-5 PSA have been satisfied, then for such request only, the condition that such confirmation
by such Rating Agency (only) be obtained will be deemed not to apply for purposes of this Agreement. For purposes of clarity, any
such waiver, declination or refusal to review or otherwise engage in any request for such confirmation hereunder shall not be deemed
a waiver, declination or refusal to review or otherwise engage in any subsequent request for such Rating Agency Confirmation hereunder
and the condition for such Rating Agency Confirmation pursuant to this Agreement for any subsequent request shall apply regardless
of any previous waiver, declination or refusal to review or otherwise engage in such prior request.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    	-17-

     

    

 

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

 

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

 

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

 

“Servicing Fee Rate”
shall have the meaning applied to such term in the Servicing Agreement, being the rate per annum (which shall consist of the primary
servicing fee rate) which, when applied to the Note A-1-1 Principal Balance, the Note A-1-2 Principal Balance, the Note A-2 Principal
Balance, the Note A-3 Principal Balance, the Note A-4 Principal Balance and the Note A-5 Principal Balance, as applicable, will
determine the primary servicing fee payable to the Master Servicer under the Servicing Agreement.

 

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

 

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

 

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

 

“Special Servicing Fee”
shall have the meaning given to such term or an analogous term in the Servicing Agreement; provided that under no circumstances
shall the Special Servicing Fee exceed 0.2500% per annum (25 basis points) of the outstanding principal balance of the Mortgage
Loan, subject to any applicable minimum Special Servicing Fee set forth in the Lead Securitization Servicing Agreement (which shall
not exceed $3,500 per month).

  

    	-18-

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    	-19-

     

    

 

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

 

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

 

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

 

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

 

    	-20-

     

    

 

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

 

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

 

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

 

Upon the occurrence of the Lead Securitization
as to which any such proceeds are received, any proceeds received from the sale of the primary servicing rights with respect to
the Mortgage Loan shall be remitted, promptly upon receipt thereof, to the Holders on a Pro Rata and Pari Passu Basis. Upon the
occurrence of the final Securitization, the aggregate proceeds received from the sale of the master servicing rights in each respective
Securitization with respect to the applicable Note(s) being securitized shall be allocated to the Holders on a Pro Rata and Pari
Passu Basis, and a net payment shall be made from any Holder that has received proceeds in excess of, to any Holder that has received
less than, its allocable share of such proceeds.

 

4.          Workout.
Notwithstanding anything to the contrary contained herein, but subject to the terms and conditions of the Servicing Agreement
and Section 13 and (prior to the occurrence of a Lead Securitization) Exhibit D of this Agreement, and the obligation to
act in accordance with the Servicing Standard, if the Lead Note Holder, or any Servicer, in connection with a workout or proposed
workout of the Mortgage Loan, modifies the terms thereof such that (i) the Mortgage Loan Principal
Balance is decreased, (ii) the Mortgage Interest Rate is reduced, (iii) payments
of interest or principal on any Note are waived, reduced or deferred or (iv) any other adjustment is made to any of the payment terms of the
Mortgage Loan, such modification

 

    	-21-

     

    

 

shall not alter, and any modification of the Mortgage Loan Documents
shall be structured to preserve, the equal priorities of the Notes as described in Section 3.

 

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

 

If any Servicer holding or having distributed
any amount received or collected in respect of a Note determines, or a court of competent jurisdiction orders, at any time that
any amount received or collected in respect of such Note must, pursuant to any insolvency, bankruptcy, fraudulent conveyance, preference
or similar law, be returned to the Borrower or paid to the related Holder, or any Servicer or paid to any other Person, then, notwithstanding
any other provision of this Agreement, no Servicer shall be required to distribute any portion thereof to such Holder, and such
Holder shall promptly on demand repay to such Servicer the portion thereof which shall have been theretofore distributed to such
Holder together with interest thereon at such rate, if any, as such Servicer shall have been required to pay to the Borrower, the
other Holders, any Servicer or such other person or entity with respect thereto. Each of the Holders agrees that if at any time
it shall receive from any sources whatsoever any payment on account of the Mortgage Loan in excess of its distributable share thereof,
it will promptly remit such excess to the Master Servicer. The Master Servicer shall have the right to offset any amounts due hereunder
from a Holder with respect to the Mortgage Loan against any future payments due to such Holder under the Mortgage Loan, provided,
that the obligations of each Holder under this Section 5 are separate and distinct obligations from one another and in no
event shall any Servicer enforce the obligations of any Holder against any other Holder. The obligations of the Holders under this
Section 5 constitute absolute, unconditional and continuing obligations and each Servicer shall be deemed a third-party
beneficiary of these provisions.

 

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

 

    	-22-

     

    

 

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

 

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

 

(ii)        The execution and delivery of this
Agreement by such Holder, and performance of, and compliance with, the terms of this Agreement by such Holder, will not violate
its organizational documents or constitute a default (or an event which, with notice or lapse of time, or both, would constitute
a default) under, or result in the breach of, any material agreement or other instrument to which it is a party or that is applicable
to it or any of its assets, in each case which materially and adversely affect its ability to carry out the transactions contemplated
by this Agreement.

 

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

 

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

 

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

 

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

 

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

 

(viii)      It is a Qualified Transferee.

 

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

 

    	-23-

     

    

 

or to be furnished in connection with the origination of the
Mortgage Loan, (iii) the validity, sufficiency or effectiveness of the lien created or to be created by the Mortgage Loan Documents,
or (iv) the financial condition of the Borrower.

 

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

 

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

 

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

 

12.        Transfer
of Notes. (a) Each
Holder may Transfer up to 49% of its beneficial interest in its Note whether or not the related transferee is a Qualified Transferee without a Rating Agency Confirmation. Each Holder shall not Transfer more
than 49% of its beneficial interest in its Note unless (i) prior to a Securitization of any Note, the other Holders have consented
to such Transfer, in which case the related transferee shall thereafter be deemed to be a “Qualified Transferee” for
all purposes under this Agreement, (ii) after a Securitization of any Note, a Rating Agency Confirmation has been received with
respect to such Transfer, in which case the related transferee shall thereafter be deemed to be a “Qualified Transferee”
for all purposes under this Agreement, or (iii) such Transfer is to a Qualified Transferee. Any such transferee must assume in
writing the obligations of the transferring Holder hereunder and agree to be bound by the terms and provisions of this Agreement
and the Servicing Agreement. Such proposed transferee (except in the case of Transfers that are made in connection with a Securitization)
shall also remake each of the representations and warranties contained herein for the benefit of the other Holders. Notwithstanding
the foregoing, without the non-transferring Holder’s prior consent (which will not be unreasonably withheld), and, if such
non-transferring Holder’s Note is in a Securitization, without a Rating Agency Confirmation from each Rating Agency that
has been engaged by the Depositor to rate the securities issued in connection with

 

    	-24-

     

    

 

such Securitization, no Holder shall Transfer all or any portion
of its Note to any Borrower Party and any such Transfer shall be absolutely null and void and shall vest no rights in the purported
transferee. None of the provisions of this Section 12(a) shall apply in the case of the sale of all of the Notes (upon the
Mortgage Loan becoming a Defaulted Mortgage Loan) as a collective whole to a single entity, in accordance with the terms and conditions
of the Lead Securitization Servicing Agreement.

 

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

 

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

 

(d)        Notwithstanding anything to the contrary
contained herein, each Holder may pledge or transfer (a “Pledge”) its Note to any entity (other than any Borrower
Party) that has extended a credit facility to such Holder or has entered into a repurchase agreement with such Holder and that,
in each case, is either a Qualified Transferee or a financial institution whose long-term unsecured debt is rated at least “A”
(or the equivalent) or better by each Rating Agency (a “Note Pledgee”), or to a Person with respect to which
a Rating Agency Confirmation has been obtained, on terms and conditions set forth in this Section 12(d), it being further
agreed that a financing provided by a Note Pledgee to any Holder or any Affiliate that controls such Holder that is secured by
such Holder’s interest in its respective Note and is structured as a repurchase arrangement, shall qualify as a “Pledge”
hereunder on the condition that all applicable terms and conditions of this Section 12 are complied with. A Note Pledgee
that is not a Qualified Transferee may not take title to a Note without a Rating Agency Confirmation. Upon written notice, if any,
by the pledging Holder to the other Holders and the Master Servicer that a Pledge has been effected (including the name and address
of the applicable Note Pledgee), the other Holders agree to acknowledge receipt of such notice and thereafter agree: (i) to give
such Note Pledgee written notice of any default by the pledging Holder in respect of its obligations under this Agreement of which
default such Holder has actual knowledge and which notice shall be given simultaneously with the giving of such notice to the pledging
Holder; (ii) to allow such Note Pledgee a period of ten (10) Business Days to cure a default by the pledging Holder in respect
of its obligations to the other Holders hereunder, but such Note Pledgee shall not be obligated to cure any such default; (iii)
that no amendment, modification, waiver or termination of this Agreement or the Servicing Agreement (if the pledging Holder had
the right to consent to such amendment, modification, waiver or termination pursuant to the terms hereof) shall be effective against
such Note Pledgee without the written consent of such Note Pledgee, which consent shall not be unreasonably withheld, conditioned
or delayed and which consent shall be deemed to be given if Note Pledgee shall fail to respond to any request for consent to any
such amendment, modification, waiver or termination within 10 days after request therefor; (iv) that the other Holders shall accept
any cure by such Note Pledgee of any default of the

 

    	-25-

     

    

 

pledging Holder which such pledging Holder has the right to
effect hereunder, as if such cure were made by such pledging Holder; (v) that the other Holders or Servicer shall deliver to Note
Pledgee such estoppel certificate(s) as Note Pledgee shall reasonably request, provided that any such certificate(s) shall
be in a form reasonably satisfactory to the other Holders; and (vi) that, upon written notice (a “Redirection Notice”)
to the Master Servicer by such Note Pledgee that the pledging Holder is in default beyond any applicable cure periods with respect
to the pledging Holder’s obligations to such Note Pledgee pursuant to the applicable credit agreement or other agreements
relating to the Pledge between the pledging Holder and such Note Pledgee (which notice need not be joined in or confirmed by the
pledging Holder), and until such Redirection Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee (or at any time
that pledging Holder otherwise directs that such payment be made to Note Pledgee pursuant to a separate notice) shall be entitled
to receive any payments that any Servicer would otherwise be obligated to make to the pledging Holder from time to time pursuant
to this Agreement or any Servicing Agreement. Any pledging Holder hereby unconditionally and absolutely releases the other Holders
and any Servicer from any liability to the pledging Holder on account of any Holder’s or Servicer’s compliance with
any Redirection Notice believed by any Servicer or other Holders in good faith to have been delivered by a Note Pledgee. Note Pledgee
shall be permitted to exercise fully its rights and remedies against the pledging Holder (and accept an assignment in lieu of foreclosure
as to such collateral), in accordance with applicable law, the pledge agreement, repurchase agreement or similar agreement between
the pledging Holder and the Note Pledgee and this Agreement. In such event, or if the pledging holder otherwise assigns its interests
to the Note Pledgee, the other Holders and the Master Servicer shall recognize such Note Pledgee (and any transferee (other than
any Borrower Party) that is also a Qualified Transferee at any foreclosure or similar sale held by such Note Pledgee or any transfer
in lieu of foreclosure), and such Person’s successor and assigns, as the successor to the pledging Holder’s rights,
remedies and obligations under this Agreement, and any such Note Pledgee or Qualified Transferee shall assume in writing the obligations
of the pledging Holder hereunder accruing from and after such Transfer (i.e., realization upon the collateral by such Note
Pledgee) and agrees to be bound by the terms and provisions of this Agreement. The rights of a Note Pledgee under this Section
12(d) shall remain effective as to any Holder (and any Servicer) unless and until such Note Pledgee shall have notified such
Holder (and any Servicer, as applicable) in writing that its interest in the pledged Note has terminated.

 

13.        Exercise of Remedies by the Servicer.
(a) Subject to the terms of this Agreement and the Servicing Agreement and subject to the rights and consents, where required,
of the Directing Holder, the Servicer shall have the sole and exclusive authority with respect to the administration of, and exercise
of rights and remedies with respect to, the Mortgage Loan, including, without limitation, the sole and exclusive authority to (i)
modify or waive any of the terms of the Mortgage Loan Documents, (ii) consent to any action or failure to act by the Borrower or
any party to the Mortgage Loan Documents, (iii) vote all claims with respect to the Mortgage Loan in any bankruptcy, insolvency
or other similar proceedings and (iv) to take legal action to enforce or protect each Holder’s interests with respect to
the Mortgage Loan or to refrain from exercising any powers or rights under the Mortgage Loan Documents, including the right at
any time to call or waive any Events of Default, or accelerate or refrain from accelerating the Mortgage Loan or institute any
foreclosure action, and the Holders shall have no voting, consent or other rights whatsoever with respect to the Servicer’s
administration of, or exercise of

 

    	-26-

     

    

 

its rights and remedies with respect to, the Mortgage Loan.
Subject to the terms and conditions of the Servicing Agreement, the Servicer shall have the sole and exclusive authority to make
Property Advances with respect to the Mortgage Loan. Except as otherwise provided in this Agreement, each Holder agrees that it
shall have no right to, and hereby presently and irrevocably assigns and conveys to the Servicer the rights, if any, that such
Holder has to (A) call or cause the Servicer to call an event of default under the Mortgage Loan, or (B) exercise any remedies
with respect to the Mortgage Loan or the Borrower, including, without limitation, filing or causing the Lead Note Holder or such
Servicer to file any bankruptcy petition against the Borrower. Each Holder shall, from time to time, execute such documents as
any Servicer shall reasonably require to evidence such assignment with respect to the rights described in clause (iii) of the first
sentence in this Section 13(a).

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

(4)          until the sale is completed and a reasonable
period of time (but no less time than is afforded to other offerors and the Directing Holder) prior to the proposed sale date,
all information and other documents being provided to other offerors and all leases or other

 

    	-27-

     

    

 

documents that are approved by the Master
Servicer or the Special Servicer in connection with the proposed sale.

 

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

 

Subject to the conditions set forth in this
Section 13(c), the Non-Lead Note Holders hereby appoint the Lead Note Holder as their agent, and grant to the Lead Note
Holder an irrevocable power of attorney coupled with an interest, and its proxy, for the purpose of soliciting and accepting offers
for and consummating the sale of the Non-Lead Notes. Subject to the conditions set forth in this Section 13(c), each Non-Lead
Note Holder further agrees that, upon the request of the Lead Note Holder, such Non-Lead Note Holder shall execute and deliver
to or at the direction of Lead Note Holder such powers of attorney or other instruments as the Lead Note Holder may reasonably
request to better assure and evidence the foregoing appointment and grant, in each case promptly following request, and shall deliver
the related original Non-Lead Note, endorsed in blank, to or at the direction of the Lead Note Holder in connection with the consummation
of any such sale.

 

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

 

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

 

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direct the Special Servicer to take, or to refrain from taking,
such other actions with respect to the Mortgage Loan as the Directing Holder may deem advisable.

 

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

 

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

 

No objection, direction or advice contemplated
by the preceding paragraphs may require or cause the Master Servicer or the Special Servicer, as applicable, to violate any provision
of the Mortgage Loan Documents, applicable law, the Servicing Agreement, this Agreement, the REMIC provisions of the Code or the
Master Servicer or Special Servicer’s obligation to act in accordance with the Servicing Standard.

 

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

 

15.           Appointment
of Special Servicer. Subject to the terms of the Lead Securitization Servicing Agreement for so long as the Lead Note is included
in the Lead Securitization, the Directing Holder shall have the right at any time and from time to time, with or without cause,
to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint a Qualified Servicer as the replacement
Special Servicer in lieu thereof. The

 

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Directing Holder shall designate a Person to serve as Special
Servicer by delivering to the other Holders and the parties to each PSA a written notice stating such designation and by satisfying
the other conditions required under the Servicing Agreement (including, without limitation, a Rating Agency Confirmation, if required
by the terms of the Servicing Agreement), if any.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

17.         Advances;
Reimbursement of Advances. (a) (i) Pursuant to terms of the Servicing Agreement, the Lead Servicer and/or the related Trustee
shall be obligated (subject to customary determinations of non-recoverability) to make (1) Property Advances with respect to the
Mortgage Loan or the Mortgaged Property and (2) P&I Advances with respect to the Lead Note and (ii) pursuant to the terms of
a Non-Lead Securitization Servicing Agreement, the related Non-Lead Master Servicer and/or the related Trustee may be obligated
to make P&I Advances with respect to the related Non-Lead Note. The Lead Servicer and/or the related Trustee will not be required
to make any P&I Advance with respect to any Non-Lead Note and the related Non-Lead Master Servicer and/or the related Non-Lead
Trustee will not be required to make any P&I Advance with respect to any Lead Note, any other Non-Lead Note or any Property
Advance. The Lead Servicer, each Non-Lead Master Servicer and any related Trustee will be entitled to interest on any Advance (at
a rate not to exceed the Prime Rate) made in the manner and from the sources provided in the Note A-1-1 PSA, the Note A-1-2 PSA,
the Note A-2 PSA and Note A-3 PSA, the Note A-4 PSA and the Note A-5 PSA, as applicable.

 

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

 

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

 

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

 

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PSA, the Note A-2 PSA, the Note
A-3 PSA, the Note A-4 PSA and the Note A-5 PSA, as applicable.

 

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

 

18.          Provisions
Relating to Securitization.          (a) For so long as Citi or an Affiliate
of Citi (the “Initial Note A-1-1 Holder”) is the owner of Note A-1-1, the Initial Note A-1-1 Holder shall have
the right, subject to the terms of the Mortgage Loan Documents, to cause the Borrower to execute amended and restated notes or
additional notes (in either case “New A-1-1 Notes”) reallocating the principal of Note A-1-1 among other New
A-1-1 Notes; reducing the Mortgage Interest Rates of such New A-1-1 Notes or severing the Note A-1-1 into one or more further
“component” notes in the aggregate principal amount equal to the then outstanding principal balance of Note A-1-1,
provided that (i) the aggregate principal balance of the New A-1-1 Notes following such amendments is no greater than the
principal balance of Note A-1-1 prior to such amendments, (ii) all New A-1-1 Notes continue to have the same or a lower interest
rate as the Note A-1-1 prior to such amendments, (iii) all New A-1-1 Notes pay pro rata and on a pari passu basis
and such reallocated or component notes shall be automatically subject to the terms of this Agreement and (iv) the Initial Note
A-1-1 Holder holding the New A-1-1 Notes shall notify the parties to the Note A-1-2 PSA, the Note A-2 PSA, the Note A-3 PSA, the
Note A-4 PSA and the Note A-5 PSA in writing of such modified allocations and principal amounts. In connection with the foregoing,
(1) the Master Servicer is hereby authorized to execute amendments to the Loan Agreement and this Agreement (or to amend and restate
the Loan Agreement and this Agreement) on behalf of any or all of the Holders solely for the purpose of reflecting such reallocation
of principal, any reduction of Mortgage Interest Rates or such severing of Note A-1-1, (2) if Note A-1-1 is severed into “component”
notes, such component notes shall each have their same rights as the respective original Note and (3) the definition of the term
“Securitization” and all of the related defined terms may be amended (and new terms added, as necessary) to reflect
the New A-1-1 Notes. Rating Agency Confirmation shall not be required for any amendments to this Agreement required to facilitate
the terms of this paragraph 18(a).

 

(b)          For so long
as Citi or an Affiliate of Citi (the “Initial Note A-1-2 Holder”) is the owner of Note A-1-2, the Initial Note
A-1-2 Holder shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Borrower to execute amended
and restated notes or additional notes (in either case “New A-1-2 Notes”) reallocating the principal of Note
A-1-2 among other New A-1-2 Notes; reducing the Mortgage Interest Rates of such New A-1-2 Notes or severing the Note A-1-2 into
one or more further “component” notes in the aggregate principal amount equal to the then outstanding principal balance
of Note A-1-2, provided that (i) the aggregate principal balance of the New A-1-2 Notes following such amendments is no
greater than the principal balance of Note A-1-2 prior to such amendments, (ii) all New A-1-2 Notes continue to have the same or
a lower interest rate as the Note A-1-2 prior to such amendments, (iii) all New A-1-2 Notes pay pro rata and on a pari
passu basis and such reallocated or component notes shall be automatically subject to the terms of this

 

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Agreement and (iv) the Initial Note A-1-2
Holder holding the New A-1-2 Notes shall notify the parties to the Note A-1-1 PSA, the Note A-2 PSA, the Note A-3 PSA, the Note
A-4 PSA and the Note A-5 PSA in writing of such modified allocations and principal amounts. In connection with the foregoing,
(1) the Master Servicer is hereby authorized to execute amendments to the Loan Agreement and this Agreement (or to amend and restate
the Loan Agreement and this Agreement) on behalf of any or all of the Holders solely for the purpose of reflecting such reallocation
of principal, any reduction of Mortgage Interest Rates or such severing of Note A-1-2, (2) if Note A-1-2 is severed into “component”
notes, such component notes shall each have their same rights as the respective original Note and (3) the definition of the term
“Securitization” and all of the related defined terms may be amended (and new terms added, as necessary) to reflect
the New A-1-2 Notes. Rating Agency Confirmation shall not be required for any amendments to this Agreement required to facilitate
the terms of this paragraph 18(b).

 

(c)          For so long as
Citi or an Affiliate of Citi (the “Initial Note A-2 Holder”) is the owner of Note A-2, the Initial Note
A-2 Holder shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Borrower to execute
amended and restated notes or additional notes (in either case “New A-2 Notes”) reallocating the principal
of Note A-2 among other New A-2 Notes; reducing the Mortgage Interest Rates of such New A-2 Notes or severing the Note A-2
into one or more further “component” notes in the aggregate principal amount equal to the then outstanding
principal balance of Note A-2, provided that (i) the aggregate principal balance of the New A-2 Notes following such
amendments is no greater than the principal balance of Note A-2 prior to such amendments, (ii) all New A-2 Notes continue to
have the same or a lower interest rate as the Note A-2 prior to such amendments, (iii) all New A-2 Notes pay pro rata and
on a pari passu basis and such reallocated or component notes shall be automatically subject to the terms of this
Agreement and (iv) the Initial Note A-2 Holder holding the New A-2 Notes shall notify the parties to the Note A-1-1 PSA, the
Note A-1-2 PSA, the Note A-3 PSA, the Note A-4 PSA and the Note A-5 PSA in writing of such modified allocations and principal
amounts. In connection with the foregoing, (1) the Master Servicer is hereby authorized to execute amendments to the Loan
Agreement and this Agreement (or to amend and restate the Loan Agreement and this Agreement) on behalf of any or all of the
Holders solely for the purpose of reflecting such reallocation of principal, any reduction of Mortgage Interest Rates or such
severing of Note A-2, (2) if Note A-2 is severed into “component” notes, such component notes shall each have
their same rights as the respective original Note and (3) the definition of the term “Securitization” and all of
the related defined terms may be amended (and new terms added, as necessary) to reflect the New A-2 Notes. Rating
Agency Confirmation shall not be required for any amendments to this Agreement required to facilitate the terms of this
paragraph 18(c).

 

(d)          For so long as
Citi or an Affiliate of Citi (the “Initial Note A-3 Holder”) is the owner of Note A-3, the Initial Note
A-3 Holder shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Borrower to execute
amended and restated notes or additional notes (in either case “New A-3 Notes”) reallocating the principal
of Note A-3 among other New A-3 Notes; reducing the Mortgage Interest Rates of such New A-3 Notes or severing the Note A-3
into one or more further “component” notes in the aggregate principal amount equal to the then outstanding
principal balance of Note A-3, provided that (i) the aggregate principal balance of the New A-3 Notes following such
amendments is no greater than the principal balance of Note A-3 prior to such amendments, (ii) all New A-3 Notes continue to
have

 

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the same or a lower interest rate as the Note A-3 prior to such amendments, (iii) all New A-3 Notes pay pro rata and
on a pari passu basis and such reallocated or component notes shall be automatically subject to the terms of this
Agreement and (iv) the Initial Note A-3 Holder holding the New A-3 Notes shall notify the parties to the Note A-1-1 PSA, the
Note A-1-2 PSA, the Note A-2 PSA, the Note A-4 PSA and the Note A-5 PSA in writing of such modified allocations and principal
amounts. In connection with the foregoing, (1) the Master Servicer is hereby authorized to execute amendments to the Loan
Agreement and this Agreement (or to amend and restate the Loan Agreement and this Agreement) on behalf of any or all of the
Holders solely for the purpose of reflecting such reallocation of principal, any reduction of Mortgage Interest Rates or such
severing of Note A-3, (2) if Note A-3 is severed into “component” notes, such component notes shall each have
their same rights as the respective original Note and (3) the definition of the term “Securitization” and all of
the related defined terms may be amended (and new terms added, as necessary) to reflect the New A-3 Notes. Rating
Agency Confirmation shall not be required for any amendments to this Agreement required to facilitate the terms of this
paragraph 18(d).

 

(e)          For
so long as UBSRES or an Affiliate of UBSRES (the “Initial Note A-4 Holder”) is the owner of Note A-4, the
Initial Note A-4 Holder shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Borrower to
execute amended and restated notes or additional notes (in either case “New A-4 Notes”) reallocating the
principal of Note A-4 among other New A-4 Notes; reducing the Mortgage Interest Rates of such New A-4 Notes or severing the
Note A-4 into one or more further “component” notes in the aggregate principal amount equal to the then
outstanding principal balance of Note A-4, provided that (i) the aggregate principal balance of the New A-4 Notes
following such amendments is no greater than the principal balance of Note A-4 prior to such amendments, (ii) all New A-4
Notes continue to have the same or a lower interest rate as the Note A-4 prior to such amendments, (iii) all New A-4 Notes
pay pro rata and on a pari passu basis and such reallocated or component notes shall be automatically subject
to the terms of this Agreement and (iv) the Initial Note A-4 Holder holding the New A-4 Notes shall notify the parties to the
Note A-1-1 PSA, the Note A-1-2 PSA, the Note A-2 PSA, the Note A-3 PSA and the Note A-5 PSA in writing of such modified
allocations and principal amounts. In connection with the foregoing, (1) the Master Servicer is hereby authorized to execute
amendments to the Loan Agreement and this Agreement (or to amend and restate the Loan Agreement and this Agreement) on behalf
of any or all of the Holders solely for the purpose of reflecting such reallocation of principal, any reduction of Mortgage
Interest Rates or such severing of Note A-4, (2) if Note A-4 is severed into “component” notes, such component
notes shall each have their same rights as the respective original Note and (3) the definition of the
term “Securitization” and all of the related defined terms may be amended (and new terms added, as necessary) to
reflect the New A-4 Notes. Rating Agency Confirmation shall not be required for any amendments to this Agreement required to
facilitate the terms of this paragraph 18(e).

 

(f)          For
so long as UBSRES or an Affiliate of UBSRES (the “Initial Note A-5 Holder”) is the owner of Note A-5, the
Initial Note A-5 Holder shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Borrower to
execute amended and restated notes or additional notes (in either case “New A-5 Notes”) reallocating the
principal of Note A-5 among other New A-5 Notes; reducing the Mortgage Interest Rates of such New A-5 Notes or severing the
Note A-5 into one or more further “component” notes in the aggregate principal

 

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amount equal to the then outstanding
principal balance of Note A-5, provided that (i) the aggregate principal balance of the New A-5 Notes following such amendments
is no greater than the principal balance of Note A-5 prior to such amendments, (ii) all New A-5 Notes continue to have the same
or a lower interest rate as the Note A-5 prior to such amendments, (iii) all New A-5 Notes pay pro rata and on a pari
passu basis and such reallocated or component notes shall be automatically subject to the terms of this Agreement and (iv)
the Initial Note A-5 Holder holding the New A-5 Notes shall notify the parties to the Note A-1-1 PSA, the Note A-1-2 PSA, the Note
A-2 PSA, the Note A-3 PSA and the Note A-4 PSA in writing of such modified allocations and principal amounts. In connection with
the foregoing, (1) the Master Servicer is hereby authorized to execute amendments to the Loan Agreement and this Agreement (or
to amend and restate the Loan Agreement and this Agreement) on behalf of any or all of the Holders solely for the purpose of reflecting
such reallocation of principal, any reduction of Mortgage Interest Rates or such severing of Note A-5, (2) if Note A-5 is severed
into “component” notes, such component notes shall each have their same rights as the respective original Note and
(3) the definition of the term “Securitization” and all of the related defined terms may be amended (and new terms
added, as necessary) to reflect the New A-5 Notes. Rating Agency Confirmation shall not be required for any amendments to this
Agreement required to facilitate the terms of this paragraph 18(f).

 

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

 

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

 

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

 

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

 

(iv)        with
respect to any Non-Lead Note that is held by a Securitization, the Master Servicer agrees to deliver or cause to be delivered
or make available to the related

 

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Non-Lead Master Servicer all reports
required to be delivered by the Master Servicer to the Certificate Administrator under the Lead Securitization Servicing Agreement
(which shall include all loan-level reports constituting the CREFC® Investor Reporting Package (IRP)) pursuant to the terms
of the Lead Securitization Servicing Agreement to the extent related to the Mortgage Loan, the Mortgaged Property, such Non-Lead
Note, the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee by the Business Day following the
Master Servicer Remittance Date for the Non-Lead Note;

 

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

 

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

 

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

 

(viii)      with respect to any Non-Lead Securitization that is subject to reporting requirements under the Securities Act, the Exchange Act
(including Rule 15Ga-1), and Regulation AB, (a) the Master Servicer, any primary servicer, the Special Servicer, the Trustee, the
Certificate Administrator or other party acting as custodian for the Lead Securitization shall be required to deliver (and shall
be required to cause each other servicer and servicing function participant (within the meaning of Items 1123 and 1122, respectively,
of Regulation AB) retained or engaged by it to deliver; provided that such party shall only be required to use commercially reasonable
efforts to cause a Mortgage

 

    	-36-

     

    

 

Loan Seller Sub-Servicer to
deliver), in a timely manner (i) the reports, certifications, compliance statements, accountants’ assessments and
attestations, and information to be included in reports (including, without limitation, Form ABS-15G, Form 10-K, Form 10- D
and Form 8-K), and (ii) upon request, any other materials specified in the related Non-Lead Securitization Servicing
Agreement, in the case of clauses (i) and (ii), as the related Non-Lead Depositor or the related Non-Lead Trustee reasonably
believes, in good faith, are required in order for the related Non-Lead Depositor or the related Non-Lead Trustee to comply
with its obligations under the Securities Act, the Exchange Act (including Rule 15Ga-1), Regulation AB and Form SF-3, (b)
without limiting the generality of the foregoing (x) the Depositor or the related Holder shall provide or cause to be
provided to any related Non-Lead Depositor and any related Non-Lead Trustee (1) written notice (which may be by e-mail) in a
timely manner (but no later than three (3) Business Days prior to closing) of the occurrence of such Securitization, and (2)
no later than one (1) business day following the closing date of such Securitization, a copy of the Lead
Securitization Servicing Agreement in an EDGAR-compatible format, and (y) the Master Servicer and Special Servicer (or any
replacement Master Servicer or Special Servicer, as applicable) shall, upon reasonable prior written request, and subject to
the right of the Master Servicer or the Special Servicer, as the case may be, to review and approve such disclosure
materials, permit a holder of any Non-Lead Note to use such party’s description contained in the Lead Securitization
prospectus (updated as appropriate by the Master Servicer or Special Servicer, as applicable, at the cost of the related
Non-Lead Sponsor) (or, in the case of a replacement Special Servicer, contained in a Lead Securitization Form 8-K), for
inclusion in the disclosure materials (or, in the case of a replacement Special Servicer, for inclusion in a Form 8-K)
relating to any securitization of the related Non-Lead Note, and (z) the Master Servicer and the Special Servicer (or any
replacement Master Servicer or Special Servicer, as applicable), shall provide indemnification agreements, opinions and
Regulation AB compliance letters as were or are being delivered with respect to the Lead Securitization (in each case, at the
cost of the related Non-Lead Sponsor), and (c) in connection with any amendment of the Lead Securitization Servicing
Agreement, the party requesting such amendment shall provide written notice (which may be by e-mail) of such proposed
amendment to any Non-Lead Depositor and the related Non-Lead Trustee no later than three (3) Business Days prior to the date
of effectiveness of such amendment, and, on the date of effectiveness of such amendment to the Lead Securitization Servicing
Agreement, provide a copy of such amendment in an EDGAR-compatible format to such Non-Lead Depositor and the related Non-Lead
Trustee. The Master Servicer and the Special Servicer shall each be required to provide certification and indemnification to
any “certifying party” with respect to any applicable Sarbanes- Oxley Certification with respect to a Non-Lead
Securitization;

 

(ix)          each
of the Master Servicer, the Special Servicer, the Custodian and the Trustee and each Affected Reporting Party shall cooperate (and
require each Servicing Function Participant and Additional Servicer retained by it to cooperate under the applicable Sub-Servicing
Agreement), with each Non-Lead Depositor (including, without limitation, providing all due diligence information, reports, written
responses, negotiations and coordination) to the same extent as such party is required to cooperate with the Lead Depositor under
Article X (or any article substantially similar thereto) of the Lead Securitization Servicing Agreement and in connection with
Deficient Exchange

 

    	-37-

     

    

 

Act Deliverables. All respective
reasonable out-of-pocket costs and expenses incurred by any Non-Lead Depositor (including reasonable legal fees and expenses of
outside counsel to such depositor) in connection with the foregoing (other than those costs and expenses related to participation
by such Non-Lead Depositor in any telephone conferences and meetings with the United States Securities and Exchange Commission
(the “Commission”) and other costs such Non-Lead Depositor must bear pursuant to Article X (or any article substantially
similar thereto) of the Lead Securitization Servicing Agreement) and any amendments to any reports filed with the Commission therewith
shall be promptly paid by the applicable Affected Reporting Party upon receipt of an itemized invoice from such Non-Lead Depositor;

 

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

 

(xi)           each
Non-Lead Note Holder is an intended third-party beneficiary in respect of the rights afforded it under the Lead Securitization
Servicing Agreement and the related Non-Lead Master Servicer will be entitled to enforce the rights of such Non-Lead Note Holder
under this Agreement and the Lead Securitization Servicing Agreement;

 

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

 

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

 

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

 

    	-38-

     

    

 

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

 

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

 

(xvii)        upon
any resignation of the Master Servicer or the Special Servicer, any replacement of the Special Servicer, any termination of the
Master Servicer or Special Servicer and/or any replacement thereof, any appointment of a successor to the Master Servicer or Special
Servicer, or the effectiveness of any designation of a new Special Servicer, the Trustee or Certificate Administrator shall promptly
(and in any event no later than three (3) Business Days prior to the effective date of such resignation, termination, replacement
and/or appointment of a Master Servicer or Special Servicer) provide written notice thereof to each Non-Lead Trustee, each Non-Lead
Master Servicer, and each Non-Lead Depositor, together with any information reasonably required (including, without limitation,
any disclosure required under Item 1108 of

 

    	-39-

     

    

 

Regulation AB) for the related
Non-Lead Securitization to comply with any applicable reporting obligations under the Exchange Act; provided, that such notice
shall not be deemed to be provided unless receipt thereof has been confirmed in writing (which may be by e-mail) from any such
Non-Lead Depositor;

 

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

 

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

 

(h)          If the Non-Lead
Securitization of Note A-4 and/or Note A-5 is the Bank of America Merrill Lynch Commercial Mortgage Trust 2016-UBS10 transaction,
then the Lead Securitization Servicing Agreement shall, for purposes of such Non-Lead Securitization of Note A-4 and/or Note A-5,
contain provisions materially consistent with those set forth in the Draft PSA with respect to:

 

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

 

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

 

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

 

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

 

(E) subject
to various adjustments and caps provided for in the Lead Securitization Servicing Agreement (which shall be materially consistent
with those set forth in the Draft PSA), special servicing, workout and liquidation fees (and, in any event, the fees at which such
compensation accrue or are determined shall not exceed the Special Servicing Fee rate, 1.00% and 1.00%, respectively),

 

provided, however, that (1) this Section
18(h) shall not be construed to prohibit differences in timing, control or consultation triggers or thresholds, terminology,

 

 

    	-40-

     

    

 

allocation of ministerial duties between
multiple servicers or other service providers or certificateholder or investor voting or consent thresholds, or to prohibit or
restrict additional approval, consent, consultation, notice or rating agency confirmation requirements, (2) in the event of any
conflict between this sentence and any other provision of this Agreement, such other provision of the Agreement shall control,
and (3) this Section 18(h) shall not be construed to apply to any material or other inconsistency that does not materially adversely
affect the initial b-piece buyer of such Non-Lead Securitization of Note A-4 and/or Note A-5.

 

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

 

(i)          the
Non-Lead Note Holder shall be responsible for its Pro Rata and Pari Passu Basis share of any Property Advances (and advance interest
thereon) and any Additional Trust Fund Expenses, but only to the extent that they relate to servicing and administration of the
Notes and the Mortgaged Property, including without limitation, any unpaid Special Servicing Fees, liquidation fees and workout
fees relating to the Notes, and that in the event that the funds received with respect to each respective Note are insufficient
to cover such Property Advances or Additional Trust Fund Expenses, (A) the related Non-Lead Master Servicer will be required to,
promptly following notice from the Master Servicer or the Special Servicer, pay or reimburse the Master Servicer, the Special Servicer,
the Certificate Administrator, the Trustee or the Lead Securitization Trust (such parties and the Lead Securitization Trust, collectively,
the “Indemnified Parties”), as applicable, out of general funds in the collection account (or equivalent
account) established under the related Non-Lead Securitization Servicing Agreement for such Non-Lead Note Holder’s Pro Rata
and Pari Passu Basis share of any such Nonrecoverable Property Advances (together with advance interest thereon) and/or Additional
Trust Fund Expenses (including compensation due to the Master Servicer and the Special Servicer to the extent related to the servicing
and administration of the Mortgage Loan and the Mortgaged Property), and (B) if the Lead Securitization Servicing Agreement permits
the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee to reimburse itself from the Lead Securitization
Trust’s general account, then the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee, as
applicable, may do so, and the related Non-Lead Master Servicer will be required to, promptly following notice from the Master
Servicer, the Special Servicer or the Trustee, reimburse the Lead Securitization Trust out of general funds in the collection account
(or equivalent account) established under the related Non-Lead Securitization Servicing Agreement for such Non-Lead Note Holder’s
Pro Rata and Pari Passu Basis share of any such Nonrecoverable Property Advances (together with advance interest thereon) and/or
Additional Trust Fund Expenses (including compensation due to the Master Servicer and the Special Servicer to the extent related
to the servicing and administration of the Mortgage Loan and the Mortgaged Property);

 

    	-41-

     

    

 

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

 

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

 

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

 

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

 

(j)            Each Initial Note Holder shall:

 

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

 

 

    	-42-

     

    

 

prospectus for such Securitization, together with contact
information for each of the parties to the related proposed Securitization Servicing Agreement; and

 

(B) send
to each other Holder and the parties to each Non-Lead Securitization Servicing Agreement (to the extent that such Initial Note
Holder was given written notice of, or otherwise has knowledge of, the identity of such parties and to the extent such parties
are not also party to the Lead Securitization Servicing Agreement) (x) on any Lead Securitization Date, a copy (which, in the case
of each Non-Lead Depositor, shall be in EDGAR-compatible format) of the execution version of the Lead Securitization Servicing
Agreement, (y) within (1) one Business Day after the date of any re-filing by the Depositor of the Lead Securitization Servicing
Agreement with the Commission to account for any changes thereto (other than a formal amendment thereto following the Lead Securitization
Date), a copy (which, in the case of each Non-Lead Depositor, shall be in EDGAR-compatible format) of the re-filed Lead Securitization
Servicing Agreement and (z) promptly following distribution thereof to the parties to the Lead Securitization Servicing Agreement,
any changes made by the Depositor to the Lead Securitization Servicing Agreement (other than a formal amendment thereto following
the Lead Securitization Date).

 

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

 

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

  

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

 

    	-43-

     

    

 

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

  

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

 

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

 

25.           Custody
of Mortgage Loan Documents / Mortgagee of Record. The originals of all of the Mortgage Loan Documents (other than Non-Lead
Notes) will be held (a) prior to the Lead Securitization, by Wells Fargo Bank, National Association, as interim custodian and (b)
on and after the Lead Securitization, by the Trustee for the Lead Securitization (or by a custodian on its behalf) under the terms
of the Lead Securitization Servicing Agreement on behalf of all of the Holders. The Trustee of the Lead Securitization shall at
all times be the mortgagee of record with respect to the Mortgage Loan.

 

[NO FURTHER TEXT ON THIS PAGE]

 

    	-44-

     

    

 

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

 

	 	Note A-1-1 Holder:
	 	 
	 	CITIGROUP
                    GLOBAL MARKETS 

                    REALTY CORP.

	 	 	 
	 	By:	/s/ Ana Rosu Marmann
	 	 	Name:     Ana Rosu Marmann
	 	 	Title:       Authorized Signatory

 

Amended
and Restated Co-Lender Agreement – Hyatt Regency Huntington Beach Loan

 

    	

     

    

  

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

 

	 	Note A-1-2 Holder:
	 	 
	 	CITIGROUP
                    GLOBAL MARKETS 

                    REALTY CORP.

	 	 	 
	 	By:	/s/ Ana Rosu Marmann
	 	 	Name:     Ana Rosu Marmann

	 	 	Title:       Authorized Signatory

 

Amended
and Restated Co-Lender Agreement – Hyatt Regency Huntington Beach Loan

 

    	

     

    

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

 

	 	Note A-2 Holder:
	 	 
	 	CITIGROUP
                    GLOBAL MARKETS 

                    REALTY CORP.
	 	 	 
	 	By:	/s/ Ana Rosu Marmann
	 	 	Name:     Ana Rosu Marmann

	 	 	Title:       Authorized Signatory

 

Amended
and Restated Co-Lender Agreement – Hyatt Regency Huntington Beach Loan

 

    	

     

    

 

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

 

	 	Note A-3 Holder:
	 	 
	 	CITIGROUP
                    GLOBAL MARKETS 

                    REALTY CORP.

	 	 	 
	 	By:	/s/ Ana Rosu Marmann
	 	 	Name:     Ana Rosu Marmann
	 	 	Title:       Authorized Signatory

 

Amended
and Restated Co-Lender Agreement – Hyatt Regency Huntington Beach Loan

 

    	

     

    

 

 

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

 

	 	Note A-4
                    Holder: 

	 	 
	 	UBS
                    REAL ESTATE SECURITIES INC.

	 	 	 
	 	By:	/s/ David
    Schell

	 	 	Name:      David Schell

	 	 	Title:       
    Executive Director

	 	 	 
	 	By:	/s/ Racquel A.C. Small
	 	 	Name:        Racquel A.C. Small
	 	 	Title:          Executive Director

 

Amended
and Restated Co-Lender Agreement – Hyatt Regency Huntington Beach Loan

 

    	

     

    

 

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

 

	 	Note A-5
                    Holder:
	 	 
	 	UBS
                    REAL ESTATE SECURITIES INC.

	 	 	 
	 	By:	/s/ David
    Schell

	 	 	Name:      David Schell

	 	 	Title:       
    Executive Director

	 	 	 
	 	By: 	/s/ Racquel A.C. Small
	 	 	Name:      Racquel A.C. Small
	 	 	Title:        Executive Director

 

Amended
and Restated Co-Lender Agreement – Hyatt Regency Huntington Beach Loan

 

    	

     

    

 

EXHIBIT A

 

MORTGAGE LOAN
SCHEDULE

 

A.          Description of Mortgage Loan

 

	Borrower:	PCH Beach Resort, LLC
	Mortgage Loan Origination Date:	April 27, 2016
	Initial Principal Amount of Mortgage Loan:	$200,000,000
	
        Co-Lender Closing Date Mortgage Loan Principal
        Balance:

        
	$200,000,000
	Location of Mortgaged Property:	Huntington Beach, California
	Current Use of Mortgaged Property:	Hotel
	Mortgage Interest Rate:	
        Note A-1-1:     5.07%

        

        Note A-1-2:     5.07%

        Note A-2:
                5.07%

        Note A-3:         5.07%

        Note A-4:         5.07%

        Note A-5:        5.07%

        

	Maturity Date:	May 1, 2026

 

    	A-1

     

    

 

B.          Description of Notes

 

	Mortgage Loan Origination Date:	April 27, 2016
	Initial Note A-1-1 Principal Balance:	$54,000,000
	Initial Note A-1-2 Principal Balance:	$6,000,000
	Initial Note A-2 Principal Balance:	$40,000,000
	Initial Note A-3 Principal Balance:	$40,000,000
	Initial Note A-4 Principal Balance:	$50,000,000
	Initial Note A-5 Principal Balance:	$10,000,000
	Initial Note A-1-1 Percentage Interest:	100%
	Initial Note A-1-2 Percentage Interest:	100%
	Initial Note A-2 Percentage Interest:	100%
	Initial Note A-3 Percentage Interest:	100%
	Initial Note A-4 Percentage Interest:	100%
	Initial Note A-5 Percentage Interest:	100%
	Note A-1-1 Interest Rate:	5.07%
	Note A-1-2 Interest Rate:	5.07%
	Note A-2 Interest Rate:	5.07%
	Note A-3 Interest Rate:	5.07%
	Note A-4 Interest Rate:	5.07%
	Note A-5 Interest Rate:	5.07%
	Note A-1-1 Default Interest Rate:	
        Lesser of (a) the maximum legal rate or (b)
five percent (5%) above the Note A-1-1 Interest Rate 

	Note A-1-2 Default Interest Rate:	
        Lesser of (a) the maximum legal rate or (b)
five percent (5%) above the Note A-1-2 Interest Rate 

	Note A-2 Default Interest Rate:	
        Lesser of (a) the maximum legal rate or (b)
five percent (5%) above the Note A-2 Interest Rate 

	Note A-3 Default Interest Rate:	
        Lesser of (a) the maximum legal rate or (b) five
percent (5%) above the Note A-3  Interest Rate

        

	Note A-4 Default Interest Rate:	
        Lesser of (a) the maximum legal rate or (b) five percent (5%) above the Note A-4 Interest Rate 

	Note A-5 Default Interest Rate:	
        Lesser of (a) the maximum legal rate or (b)
five percent (5%) above the Note A-5 Interest Rate 

 

    	A-2

     

    

 

EXHIBIT B

 

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

  

	Citigroup Global Markets Realty Corp.
	390 Greenwich Street
	7th Floor
	New York, New York 10013
	Attention: Ana Rosu Marmann
	Facsimile No.: (646) 328-2938
	 
	with a copy to:
	 
	Citigroup Global Markets Realty Corp.
	390 Greenwich Street, 5th Floor
	New York, New York 10013
	Attention: Paul Vanderslice
	Telecopier: (212) 723-8599
	paul.t.vanderslice@citi.com
	 
	Citigroup Global Markets Realty Corp.
	390 Greenwich Street, 7th Floor
	New York, New York 10013
	Attention: Richard Simpson
	Telecopier: (646) 328-2943
	E-mail: richard.simpson@citi.com
	 
	Ryan M. O’Connor
	Telecopier: (646) 328-2943
	E-mail: ryan.m.oconnor@citi.com
	 
	Orrick, Herrington & Sutcliffe LLP
	51 West 52nd Street
	New York, New York 10019
	Attention: Janet Barbiere
	Telecopier: (212) 506-5151
	E-mail: jbarbiere@orrick.com
	 
	Note A-4 and Note A-5 Holder:
	 
	UBS Real Estate Securities Inc.
	1285 Avenue of the Americas
	New York, New York 10019
	Attention: David Schell
	Email: david.schell@ubs.com
	 
	with a copy to:

 

    	B-1

     

    

 

	UBS Real Estate Securities Inc.
	1285 Avenue of the Americas
	New York, New York 10019
	Attention: Henry Chung
	Email: henry.chung@ubs.com
	 
	Cadwalader, Wickersham & Taft LLP
	One World Financial Center
	New York, New York 10281
	Attention: Frank Polverino
	Telecopier: (212) 504-6666
	Email: frank.polverino@cwt.com

 

    	B-2

     

    

 

	EXHIBIT C
	 
	PERMITTED FUND MANAGERS

 

	Westbrook Partners	 
	iStar Financial Inc.	 
	Capital Trust	 
	Archon Capital, L.P.	 
	Whitehall Street Real Estate Fund, L.P.
	The Blackstone Group	 
	Normandy Real Estate Partners
	Dune Real Estate Partners	 
	AllianceBernstein	 
	Rockwood	 
	RREEF Funds	 
	Hudson Advisors	 
	Artemis Real Estate Partners	 
	Apollo Real Estate Advisors	 
	Colony Capital, Inc.	 
	Praedium Group	 
	Fortress Investment Group, LLC
	Lonestar Opportunity Funds	 
	Clarion Partners	 
	Walton Street Capital, LLC	 
	Starwood Financial Trust	 
	BlackRock, Inc.	 
	Eightfold Real Estate Capital, L.P.
	DLJ Real Estate Capital Partners
	Land-Lease Real Estate Investments
	JER Partners	 
	Rialto Capital Management LLC
	Rialto Capital Partners LLC	 
	Raith Capital Partners	 
	Torchlight Investors, LLC	 

 

    	C-1

     

    

 

EXHIBIT D

UNANIMOUS DECISIONS

 

Unanimous Decisions:

 

	(i)     	Any proposed or actual foreclosure upon or comparable conversion (which shall include acquisitions of REO Property) of the ownership of the Mortgaged Property securing the Mortgage Loan if it comes into and continues in default;
	 	 
	(ii)     	Any modification, consent to a modification or waiver of any monetary term (other than late fees and default interest) or material non-monetary term (including, without limitation, the timing of payments and acceptance of discounted payoffs) of the Mortgage Loan or any extension of the maturity date of the Mortgage Loan;
	 	 
	(iii)     	Following a default or an event of default with respect to the Mortgage Loan, any exercise of remedies, including the acceleration of the Mortgage Loan or initiation of any proceedings, judicial or otherwise, under the Mortgage Loan Documents;
	 	 
	(iv)     	Any sale of the Mortgage Loan or REO Property for amount less than the total amount due and outstanding on the Mortgage Loan at such time;
	 	 
	(v)     	Any determination to bring the Mortgaged Property or REO Property into compliance with applicable environmental laws or to otherwise address hazardous materials located at the Mortgaged Property or REO Property;
	 	 
	(vi)     	Any release of collateral or any acceptance of substitute or additional collateral for the Mortgage Loan or any consent to either of the foregoing, other than if required pursuant to the specific terms of the Mortgage Loan Documents and for which there is no material lender discretion;
	 	 
	(vii)     	Any waiver of a “due-on-sale” or “due-on-encumbrance” clause with respect to the Mortgage Loan or any consent to such a waiver or consent to a transfer of the Mortgaged Property or interests in the Borrower;
	 	 
	(viii)     	Any incurrence of additional debt by a borrower or any mezzanine financing by any beneficial owner of a borrower (to the extent that the lender has consent rights pursuant to the Mortgage Loan Documents);
	 	 
	(ix)     	Any material modification, waiver or amendment of an intercreditor agreement, co-lender agreement or similar agreement with any mezzanine lender or subordinate debt holder related to the Mortgage Loan, or any action to enforce rights (or decision not to enforce rights) with respect thereto, or any material modification, waiver or amendment thereof;

 

    	D-1

     

    

 

	(x)     	Any property management company changes, including, without limitation, approval of the termination of a manager and appointment of a new property manager (in each case, to the extent lender’s consent is required under the Mortgage Loan Documents);
	 	 
	(xi)     	releases of any amounts from any escrow accounts, reserve funds or letters of credit, in each case, held as performance escrows or reserves, other than those required pursuant to the specific terms of the Mortgage Loan Documents and for which there is no material lender discretion;
	 	 
	(xii)     	Any acceptance of an assumption agreement releasing Borrower, guarantor or other obligor from liability under the Mortgage Loan other than pursuant to the specific terms of such Mortgage Loan and for which there is no material lender discretion;
	 	 
	(xiii)     	Any vote on any plan of reorganization, restructuring or similar plan in the bankruptcy of Borrower;
	 	 
	(xiv)     	Any consent to the subordination of the lien on the Mortgaged Property or to crossing the lien on the Mortgaged Property with the lien on any other property, except as expressly permitted by the Mortgage Loan Documents without lenders’ consent;
	 	 
	(xv)     	Any determination of an Acceptable Insurance Default; or
	 	 
	(xvi)     	Any consent or approval right of the lender under the Mortgage Loan Agreement with respect to a “Major Lease”, as defined in the Loan Agreement.

 

    	D-2

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