Document:

Exhibit 4.11

EXECUTION VERSION

 

AGREEMENT BETWEEN NOTEHOLDERS

Dated as of September 27, 2019 by
and among

GOLDMAN
SACHS BANK USA

(Initial Note A-1 Holder)

GOLDMAN
SACHS BANK USA

(Initial Note A-2 Holder)

and

GOLDMAN
SACHS BANK USA

(Initial Note A-3 Holder)

19100 Ridgewood

    	 	 	 

     

    

THIS AGREEMENT BETWEEN
NOTEHOLDERS, dated as of September 27, 2019 by and between GOLDMAN SACHS BANK USA
(together with its successors and assigns in interest, “GSBI”), a New York state-chartered bank (in its capacity
as initial owner of Note A-1, the “Initial Note A-1 Holder”, and in its capacity as the initial agent, the “Initial
Agent”), GSBi, a New York state-chartered bank (in its capacity as initial
owner of Note A-2, the “Initial Note A-2 Holder”) and GSBi, a
New York state-chartered bank (in its capacity as initial owner of Note A-3, the “Initial Note A-3 Holder” and
together with the Initial Note A-1 Holder and the Initial Note A-2 Holder, the “Initial Noteholders”).

W I T N E S S E T H:

WHEREAS, pursuant
to the Mortgage Loan Agreement (as defined herein), GSBI 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 three (3) promissory notes (as amended, modified or supplemented, each a “Note”) made by the Mortgage Loan
Borrower in favor of the applicable Initial Noteholder having the designations, principal balances and Initial Noteholder as set
forth in the chart below, and 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”). Each
Note shall be referred to herein by its “Note Designation” as set forth in the chart below.

	
        Note
        Designation
	
        Initial
        Noteholder
	
        Original
        Principal Balance

	Note A-1	GSBI	$55,000,000
	Note A-2	GSBI	$50,000,000
	Note A-3	GSBI	$35,000,000

WHEREAS, the parties
hereto desire to enter into this Agreement to memorialize the terms under which they, and their successors and assigns, shall hold
each Note;

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

Section 1.               
Definitions. References to a “Section,” the “preamble” 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 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 assigned to such term in the Servicing Agreement or such other analogous
term used in the Servicing Agreement.

“Advance
Interest Amount” shall mean interest payable on Advances, as specified in the Servicing Agreement or Non-Lead Securitization
Servicing Agreement, as applicable.

    	 	 	 

     

    

“Advances”
shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement
or Non-Lead Securitization Servicing Agreement, as applicable (but for purposes hereof shall be limited to Advances in respect
of the Mortgage Loan or the Mortgaged Property).

“Affiliate”
shall mean with respect to any specified Person (i) any other Person Controlling or Controlled by or under common Control
with such specified Person (each a “Common Control Party”), (ii) any other Person owning, directly or indirectly,
ten percent (10%) or more of the beneficial interests in such Person or (iii) 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.

“Agent”
shall mean the Initial Agent or such Person to whom the Initial Agent shall delegate its duties hereunder, and from and after the
Securitization Date shall mean the Certificate Administrator, if any, and if there is no Certificate Administrator, shall mean
the Trustee.

“Agent Office”
shall mean the designated office of the Agent in the State of New York, which office at the date of this Agreement is located at
Goldman Sachs Bank USA, 200 West Street, New York, New York 10282, Attention: Leah Nivison, 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 Noteholders.

“Agreement”
shall mean this Agreement between Noteholders, the exhibits and schedule hereto and all amendments hereof and supplements hereto.

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

“Appraisal
Reduction Amount” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term
used in the Servicing Agreement.

“Asset Representations
Reviewer” shall mean the asset representations reviewer appointed pursuant to the Lead Securitization Servicing Agreement.

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

“Asset Status
Report” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in
the Servicing Agreement.

“Balloon
Payment” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in
the Servicing Agreement.

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

    	 	2	 

     

    

“Business
Day” shall have the meaning assigned to such term in the Servicing Agreement or Non-Lead Securitization Servicing Agreement,
as applicable.

“CDO Asset
Manager” with respect to any Securitization Vehicle which is a CDO, shall mean the entity which is responsible for managing
or administering the applicable 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 the applicable Note).

“Certificate
Administrator” shall mean the certificate administrator appointed pursuant to the Lead Securitization Servicing Agreement.

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

“Collection
Account” shall mean the trust account or accounts (including any sub-accounts) created and maintained by the Servicer.

“Commission”
means the U.S. Securities and Exchange Commission or any successor thereto.

“Companion
Distribution Account” shall have the meaning assigned to such term or the term “Serviced Whole Loan Custodial Account”
in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

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

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

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

“Control”
means 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.

“Controlling
Class Representative” shall mean the “Controlling Class Representative” as defined in the Servicing Agreement
or such other analogous term used in the Servicing Agreement.

“Controlling
Noteholder” shall mean as of any date of determination the holder or holders of a majority of the Lead Securitization
Note. At any time the Lead Securitization Note is the Controlling Noteholder and is included in the Lead Securitization, references
to the “Controlling Noteholder” herein shall mean the holders of the majority of the class of securities issued in
the Lead Securitization designated as the “controlling class” (or such lesser amount as permitted under the terms of
the Servicing Agreement) or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling
Noteholder” hereunder, as and to the extent provided in the Servicing Agreement.

    	 	3	 

     

    

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

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

“Default
Interest” shall mean with respect to any Note, interest on such Note at a rate per annum equal to interest accrued thereon
at the Default Rate in excess of the Interest Rate applicable to such Note.

“Default
Rate” shall mean with respect to any Note, the lesser of the Interest Rate plus five percent (5%) or the maximum rate
permitted by applicable law.

“Defaulted
Mortgage Loan” shall have the meaning assigned to such term in the Servicing Agreement.

“Depositor”
shall mean the Person selected by the Lead Securitization Noteholder to create the Securitization Trust.

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

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

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

“Indemnified
Items” shall mean, collectively, any claims, losses, penalties, fines, forfeitures, reasonable 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 Servicing Agreement.

“Indemnified
Parties” shall mean, collectively, (i) 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
Servicing Agreement, each of the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Operating
Advisor, the Asset Representations Reviewer and the Depositor (and any director, officer, employee or agent of any of the foregoing,
to the extent such parties are identified as indemnified parties in the Servicing Agreement in respect of other mortgage loans)
and (ii) the Lead Securitization Trust.

“Independent”
shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

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

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

    	 	4	 

     

    

“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
Noteholder” shall mean (i) with respect to Note A-1, the Initial Note A-1 Holder, (ii) with respect to Note
A-2, the Initial Note A-2 Holder and (iii) with respect to Note A-3, the Initial Note A-3 Holder.

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

“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, however, 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, however, 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.

“Insurance
and Condemnation Proceeds” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous
term used in the Servicing Agreement.

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

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

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

    	 	5	 

     

    

“KBRA”
shall mean Kroll Bond Rating Agency, Inc., or its successor in interest.

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

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

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

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

“Lead Securitization
Servicing Agreement” shall mean a pooling and servicing agreement, subject to Section 2 hereof, to be entered
into in connection with the Lead Securitization, by and among (a) the Person who serves as Trustee from and after the Lead
Securitization Date, (b) the Person who serves as Master Servicer from and after the Lead Securitization Date, (c) the
Person which serves as Special Servicer from and after the Lead Securitization Date, (d) the Person who serves as Operating Advisor
from and after the Lead Securitization Date and (e) the Depositor, and any other additional Persons that may be party to such
pooling and servicing agreement; provided it is acknowledged that such agreement is subject in all respects to changes (i) required
by the Code relating to the tax elections of the related Securitization Trust (ii) required by law or changes in any law, rule
or regulation and (iii) requested by the Rating Agencies or any purchaser of subordinate certificates. The Servicing Standard
in the Lead Securitization Servicing Agreement shall require, among other things, that each Servicer, in servicing the Mortgage
Loan, must take into account the interests of each Noteholder.

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

“Liquidation
Fees” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the
Servicing Agreement.

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

“Major Decisions”
shall have the meaning given to such term or any one or more analogous terms in the Servicing Agreement; provided that at any time
that Note A-1 is not included in the Lead Securitization, “Major Decision” shall mean:

(i)           
any proposed or actual foreclosure upon or comparable conversion (which shall include acquisitions of any REO Property)
of the ownership of the property or properties 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

    	 	6	 

     

    

term (including, without limitation,
the timing of payments and acceptance of discounted payoffs) of the Mortgage Loan Documents 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 Documents, any exercise of remedies, including
the acceleration of the Mortgage Loan or initiation of any proceedings, judicial or otherwise, under the related Mortgage Loan
Documents;

(iv)           
any sale of the Mortgage Loan (when it is a Defaulted Mortgage Loan) or REO Property for less than the applicable Purchase
Price (as defined in the Servicing Agreement);

(v)           
any determination to bring a Mortgaged Property or an REO Property into compliance with applicable environmental laws or
to otherwise address any Hazardous Materials (as defined in the Servicing Agreement) located at a Mortgaged Property or an REO
Property;

(vi)           
any release of material 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 related Mortgage Loan Documents
and for which there is no lender discretion;

(vii)           
any waiver of or any determination not to enforce a “due-on-sale” or “due-on-encumbrance” clause
with respect to the Mortgage Loan or any consent to such a waiver or any consent to a transfer of all or any portion of the Mortgaged
Property or of any direct or indirect legal or beneficial interests in the Mortgage Loan Borrower;

(viii)           
any incurrence of additional debt by the Mortgage Loan Borrower or any mezzanine financing by any direct or indirect beneficial
owner of the Mortgage Loan Borrower (to the extent that the lender has consent rights pursuant to the related 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;

(x)           
any property management company changes, including, without limitation, approval of a new property manager or the termination
of a manager and appointment of a new property manager or franchise changes, and any new management agreement or amendment, modification
or termination of any management agreement (in each case, if the lender is required to consent or approve such changes under the
Mortgage Loan Documents);

(xi)           
releases of any material amounts from any escrow accounts, reserve funds or letters of credit, in each case, held as performance
escrows or reserves,

    	 	7	 

     

    

other than those required pursuant
to the specific terms of the related Mortgage Loan Documents and for which there is no lender discretion;

(xii)           
any acceptance of an assumption agreement releasing a 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 lender discretion;

(xiii)           
any determination of an Acceptable Insurance Default;

(xiv)           
any determination by the Master Servicer to transfer the Mortgage Loan to the Special Servicer under the circumstances where
the Master Servicer determines, in its reasonable business judgment, exercised in accordance with the Servicing Standard, that
a default consisting of a failure to make a payment of principal or interest is reasonably foreseeable or there is a significant
risk of such default or any other default that is likely to impair the use or marketability of the Mortgaged Properties or such
other analogous event described in the definition of Servicing Transfer Event; or

(xv)           
any modification, waiver or amendment of any lease, the execution of any new lease or the granting of a subordination and
nondisturbance or attornment agreement in connection with any lease, at a Mortgaged Property if it would be a Major Lease (as defined
in the Mortgage Loan Agreement).

“Master Servicer”
shall mean the master servicer appointed pursuant to the Servicing Agreement.

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

“Morningstar”:
Morningstar Credit Ratings, LLC, or any of its successors in interest, assigns, and/or changed entity name or designation resulting
from any acquisition by Morningstar, Inc. or other similar entity of Realpoint LLC.

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

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

“Mortgage
Loan Agreement” shall mean the Loan Agreement, dated as of August 16, 2019, between the Mortgage Loan Borrower, as borrower,
and GSBI, as lender, as the same 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.

    	 	8	 

     

    

“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 given thereto in the recitals.

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

“Net Interest
Rate” shall mean with respect to any Note, the Interest Rate for such Note minus the Servicing Fee Rate applicable to
such Note.

“Non-Controlling
Note” shall mean the interest of each Non-Controlling Noteholder in its Note.

“Non-Controlling
Noteholder” shall mean each Noteholder other than the Controlling Noteholder; provided that, if at any time a
Non-Controlling Note (or, at any time a Non-Lead Securitization Note is included in a Securitization, the Non-Lead Securitization
Subordinate Class Representative) is held by the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party, no Person shall
be entitled to exercise the rights of such Non-Controlling Noteholder with respect to such Non-Controlling Note.

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

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

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

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

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

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

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

“Non-Lead
Securitization” shall mean any Securitization of any Note in a Securitization Trust other than the Lead Securitization.

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

    	 	9	 

     

    

“Non-Lead
Securitization Noteholder” shall mean each Noteholder of a Non-Lead Securitization Note, provided that at any
time a Note that is not the Lead Securitization Note is included in a Securitization other than the Lead Securitization, references
to the “Non-Lead Securitization Noteholder” herein shall mean the Non-Lead Securitization Subordinate Class Representative
under the related Non-Lead Securitization Servicing Agreement, as and to the extent provided in the related Non-Lead Securitization
Servicing Agreement and as to the identity of which the Lead Securitization Noteholder (and the Master Servicer and the Special
Servicer) has been given written notice. The Lead Securitization Noteholder (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 exercising the rights of a “Non-Lead Securitization
Noteholder” herein or under the Servicing Agreement and, to the extent that the related Non-Lead Securitization Servicing
Agreement assigns such rights to more than one party, for purposes of this Agreement, the Non-Lead Securitization Servicing Agreement
shall designate one party to deal with the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting
on its behalf) and provide written notice of such designation to the Lead Securitization Noteholder (and the Master Servicer and
the Special Servicer acting on its behalf) (such party, the “Non-Lead Securitization Noteholder Representative”);
provided that, in the absence of such designation and notice, the Lead Securitization Noteholder (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 the Non-Lead Securitization Noteholder Representative with respect to such Non-Controlling Note for
all purposes of this Agreement.

Prior to Securitization
of any Non-Lead Securitization Note by the Non-Lead Securitization Noteholder (including any New Notes), all notices, reports,
information or other deliverables required to be delivered to such Non-Lead Securitization Noteholder pursuant to this Agreement
or the Servicing Agreement by the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its
behalf) only need to be delivered to each Non-Lead Securitization Noteholder Representative and, when so delivered to each Non-Lead
Securitization Noteholder Representative, the Lead Securitization Noteholder (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 Servicing
Agreement. Following Securitization of any Non-Lead Securitization Notes by the Non-Lead Securitization Noteholder, all notices,
reports, information or other deliverables required to be delivered to such Non-Lead Securitization Noteholder pursuant to this
Agreement or the Servicing Agreement by the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting
on its behalf) shall be delivered to the related Non-Lead Master Servicer and the related Non-Lead Special Servicer (who then may
forward such items to the party entitled to receive such items as and to the extent provided in the related Non-Lead Securitization
Servicing Agreement) and, when so delivered to the related Non-Lead Master Servicer and the related Non-Lead Special Servicer,
the Lead Securitization Noteholder (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 Servicing Agreement.

“Non-Lead
Securitization Noteholder Representative” shall have the meaning assigned to such term in the definition of “Non-Lead
Securitization Noteholder”.

    	 	10	 

     

    

“Non-Lead
Securitization Servicing Agreement” shall mean the servicing agreement for the related Non-Lead Securitization.

“Non-Lead
Securitization Subordinate Class Representative” shall mean the holders of the majority of the class of securities issued
in a Non-Lead Securitization designated as the “controlling class” pursuant to the related Non-Lead Securitization
Servicing Agreement or their duly appointed representative; provided that if 50% or more of the class of securities issued
in any Non-Lead Securitization designated as the “controlling class” or such other class(es) otherwise assigned the
rights to exercise the rights of the “Controlling Noteholder” is held by the Mortgage Loan Borrower or an Affiliate
of the Mortgage Loan Borrower, no person shall be entitled to exercise the rights of the related Non-Lead Securitization Subordinate
Class Representative.

“Non-Lead
Securitization Trust” shall mean each Securitization Trust into which any Non-Lead Securitization Note is deposited.

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

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

“Nonrecoverable
Property Protection Advance” shall have the meaning assigned to the term in the Servicing Agreement or such other analogous
term used in the Servicing Agreement.

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

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

“Note Register”
shall have the meaning assigned to such term in Section 16.

“Noteholder”
shall mean with respect to any Note, the Initial Noteholder thereof, or any subsequent holder of such Note, together with its successors
and assigns.

“Operating
Advisor” shall mean the operating advisor appointed pursuant to the Lead Securitization Servicing Agreement.

“Payment
Date” shall have the meaning assigned to such term in the Mortgage Loan Documents.

“Percentage
Interest” with respect to any Note shall mean a fraction, expressed as a percentage, the numerator of which is the Principal
Balance of such Note and the denominator of which is the sum of the Principal Balances of all Notes.

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

    	 	11	 

     

    

“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 a nationally-recognized manager of investment funds investing in debt or equity
interests relating to commercial real estate, (ii) investing through a fund or funds with committed capital of at least $500,000,000
and (iii) not subject to a proceeding relating to the bankruptcy, insolvency, reorganization or relief of debtors.

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

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

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

“Principal
Balance” with respect to any Note as of any date of determination shall mean the initial principal balance set forth
on the Mortgage Loan Schedule, less any payments of principal thereon or reductions in such amount pursuant to Section 3
or Section 4, as applicable.

“Pro Rata
and Pari Passu Basis” shall mean with respect to the Notes and the Noteholders, the allocation of any particular payment,
collection, cost, expense, liability or other amount among the Notes or the related Noteholders, as the case may be, without any
priority of any Note or any such Noteholder over another Note or Noteholder, as the case may be, and in any event such that each
Note or such Noteholder, as the case may be, is allocated its respective pro rata portion of such particular payment, collection,
cost, expense, liability or other amount.

“Property
Protection Advances” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous
term used in the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

“Qualified
Institutional Lender” shall mean each of the Initial Noteholders (and any Affiliates and subsidiaries of such entity)
and any other Person that is:

(a)   
an entity Controlled (as defined below) by, under common Control with or Controlling any Initial Noteholder, or

(b)  
one or more of the following:

(i)           
a real estate investment bank, an insurance company, reinsurance trust, 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)

    	 	12	 

     

    

(1), (2), (3) or (7) of Regulation
D under the Securities Act of 1933, as amended, or

(iii)           
a Qualified Trustee (or in the case of a CDO, a single purpose bankruptcy remote entity which contemporaneously assigns
or pledges its Note, or a participation interest therein (or any portion thereof) to 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 (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 which assigned a rating to one or more classes of securities issued in connection with such 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 to such Securitization Vehicle);
(2) in the case of a Securitization Vehicle that is not a CDO, the special servicer of such Securitization Vehicle has a Required
Special Servicer Rating or is otherwise acceptable to the Rating Agencies rating each Securitization (such entity, an “Approved
Servicer”) and such Approved Servicer is required to service and administer such Note 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 clause (i),
(ii), (iii), (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 $500,000,000, in which (A) the applicable Noteholder, (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 entity substantially similar to any of the foregoing, or

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

    	 	13	 

     

    

(c)   
any entity Controlled (as defined below) by any of the entities described in clause (b) above or approved by the
Rating Agencies hereunder as a Qualified Institutional Lender for purposes of this Agreement, or as to which the Rating Agencies
have stated they would not review such entity in connection with the subject transfer;

provided that,
in the case of any entity referred to in clause (b)(i), (b)(ii), (b)(iii)(a), (b)(iv)(B) or (b)(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, asset manager 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 junior CMBS securities or owning or operating
commercial real estate properties; provided that, in the case of the entity described in clause (iv)(B) of this definition,
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.

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

“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.

“Rating Agencies”
shall mean any of (a) S&P, (b) Moody’s, (c) Fitch, (d) DBRS, (e) KBRA and (f) Morningstar or, (g) 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 the Depositor or Non-Lead Depositor to rate the securities issued in connection with the
Securitization of any Note; provided, however, that, at any time during which any Note is an asset of one or more Securitizations,
“Rating Agencies” or “Rating Agency” shall mean only those rating agencies that are engaged by the Depositor
or Non-Lead Depositor, as applicable, from time to time to rate the securities issued in connection with the Securitization of
such Note.

“Rating Agency
Confirmation” shall mean, after a Securitization, the meaning given thereto or any analogous term in the Servicing Agreement
including any deemed Rating Agency Confirmation.

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

    	 	14	 

     

    

“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.

“Relative
Spread” with respect to any Note and any date of determination shall mean the ratio of the Interest Rate of such Note
to the weighted average as of such date of determination (prior to taking into account any payments made on account of principal
as of such date) of the Interest Rates on all the Notes based on their Principal Balances.

“REMIC”
shall mean a real estate mortgage investment conduit within the meaning of Section 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 such term in the Servicing Agreement or such other analogous term used in the 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, either (a) the applicable replacement has a special
servicer ranking of at least “MOR CS3” by Morningstar (if ranked by Morningstar) or (b) if not ranked by Morningstar,
is currently acting as a special servicer on a deal or transaction-level basis for all or a significant portion of the related
mortgage loans in other CMBS transactions rated by any of S&P, Moody’s, Morningstar, Fitch, DBRS or KBRA and the trustee
does not have actual knowledge that Morningstar has, and the replacement special servicer certifies that Morningstar has not, with
respect to any such other CMBS transaction, qualified, downgraded or withdrawn its rating or ratings on one or more classes of
such CMBS transaction citing servicing concerns of the applicable replacement as the sole or material factor in such rating action,
(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 currently acting as special servicer for one or more loans included in a commercial mortgage loan securitization
that is rated by DBRS, and DBRS has not downgraded or withdrawn the then-current rating on any class of commercial mortgage-backed

    	 	15	 

     

    

securities or placed any class of commercial
mortgage-backed securities on watch citing the continuation 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.

“Risk Retention
Requirements” shall mean the credit risk retention requirements of Section 15G of the Exchange Act (15 U.S.C. §78o-11),
as added by Section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

“Risk Retention
Rules” shall mean the joint final rule that was promulgated to implement the Risk Retention Requirements (which such
joint final rule has been codified, inter alia, at 17 C.F.R. § 246), as such rule may be amended from time to time,
and subject to such clarification and interpretation as have been provided by the Office of the Comptroller of the Currency, the
Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency,
the Commission and the Department of Housing and Urban Development in the adopting release (79 Fed. Reg. 77601 et seq.) or by the
staff of any such agency, or as may be provided by any such agency or its staff from time to time, in each case, as effective from
time to time as of the applicable compliance date specified therein.

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

“Securities
Act” shall mean the Securities Act of 1933, as amended.

“Securitization”
shall mean one or more sales by the holder of a Note of all or a portion of such Note to a depositor, who will in turn include
such portion of such Note as part of a securitization of one or more mortgage loans.

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

“Securitization
Trust” shall mean a trust formed pursuant to a Securitization pursuant to which any Note is held.

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

“Servicing
Agreement” shall mean the Lead Securitization Servicing Agreement, together with any amendment, restatement, supplement,
replacement or modification thereto entered into in accordance with the terms hereof or thereof.

“Servicing
Fee Rate” shall be the per annum rate at which primary servicing fees are payable in respect of the Mortgage Loan as
set forth in the Servicing Agreement. The Servicing Fee Rate shall not reflect any master servicing fees payable by any Noteholder.

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

    	 	16	 

     

    

“Servicing
Transfer Event” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term
used in the Servicing Agreement.

“Special
Servicer” shall mean the special servicer appointed pursuant to the Servicing Agreement and this Agreement.

“Special
Servicing Fees” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term
used in the Servicing Agreement.

“Specially
Serviced Mortgage Loan” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous
term used in the Servicing Agreement.

“Substitute
Servicing Agreement” means a servicing agreement that contains servicing provisions which are the same as or more favorable
to the Non-Lead Noteholders, in substance, to those in the Servicing Agreement (including, without limitation, all applicable provisions
relating to delivery of information and reports necessary for any Non-Lead Securitization to comply with any applicable reporting
requirements under the Securities Exchange Act of 1934, as amended) and all references herein to the “Servicing Agreement”
shall mean such subsequent servicing agreement; provided, however, that if a Non-Lead Securitization Note is in a Securitization,
then a Rating Agency Confirmation shall have been obtained from each Rating Agency with respect to such subsequent 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 mean any sale, assignment, transfer, pledge, syndication, participation, hypothecation, contribution, encumbrance or other
disposition (either (i) directly or (ii) indirectly through entering into a derivatives contract or any other similar
agreement, excluding a repurchase financing or a Pledge in accordance with Section 14(e)).

“Trustee”
shall mean the trustee appointed pursuant to the Lead Securitization Servicing Agreement.

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

“Withheld
Amounts” shall have the meaning assigned to such term in Section 3.

    	 	17	 

     

    

“Workout”
shall mean any written modification, waiver, amendment, restructuring or workout of the Mortgage Loan or the Note entered into
with the Mortgage Loan Borrower in accordance with the Servicing Agreement.

“Workout
Fees” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the
Servicing Agreement.

Section 2.               
Servicing.

(a)   
Each Noteholder acknowledges and agrees that, subject to this Agreement, the Mortgage Loan shall be serviced pursuant to
this Agreement and the Servicing Agreement; provided that the Master Servicer shall not be obligated to advance monthly payments
of principal or interest in respect of the Notes other than for any Note in the Lead Securitization (and a Non-Lead Master Servicer
may be required to advance monthly payments of principal and interest on a Non-Lead Securitization Note pursuant to the terms of
the Non-Lead Securitization Servicing Agreement) 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 Servicing Agreement (including
a determination of recoverability thereunder). Each Noteholder acknowledges that each Initial Noteholder may elect, in its sole
discretion, to include the related Note in a Securitization and agrees that it will reasonably cooperate with such other Noteholder,
at such other Noteholder’s expense, to effect such Securitization. Subject to the terms and conditions of this Agreement,
each Noteholder hereby irrevocably and unconditionally consents to the appointment of the Master Servicer, the Certificate Administrator,
the Operating Advisor, the Asset Representations Reviewer and the Trustee under the Servicing Agreement by the Depositor, and the
appointment of the Special Servicer as the initial Special Servicer under the Servicing Agreement by the Depositor (subject to
replacement by the Controlling Noteholder as provided herein) 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 this Agreement and the Servicing Agreement.
Each Noteholder hereby appoints the Master Servicer, the Special Servicer and the Trustee in the Lead Securitization as such Noteholder’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 Noteholders set forth herein and in the
Servicing Agreement). In no event shall the Servicing Agreement require any Servicer to enforce the rights of any Noteholder against
any other Noteholder or limit any Servicer in enforcing the rights of one Noteholder against any other Noteholder; however, this
statement shall not be construed to otherwise limit the rights of one Noteholder with respect to any other Noteholder. Each Servicer
shall be required pursuant to the Servicing Agreement to service the Mortgage Loan in accordance with the Servicing Standard, this
Agreement, the terms of the Mortgage Loan Documents, the Servicing Agreement, any intercreditor agreement and applicable law, and
shall not take any action or refrain from taking any action or follow any direction inconsistent with the foregoing.

(b)  
The Master Servicer shall be the lead master servicer on the Mortgage Loan, and from time to time it (or the Trustee, to
the extent provided in the Lead Securitization Servicing Agreement) (i) shall be required to make Property Protection Advances
with respect to the

    	 	18	 

     

    

Mortgage Loan, subject to the terms
of the Lead Securitization Servicing Agreement and this Agreement, and (ii) may be required to make principal and interest Advances
on any Note in the Lead Securitization, if and to the extent provided in the Lead Securitization Servicing Agreement and this Agreement.
The Master Servicer or Trustee shall be required to provide written notice to the Non-Lead Master Servicer and the Non-Lead Trustee
of any principal and interest Advance it has made with respect to the Lead Securitization Note within two (2) Business Days of
making such Advance. The Master Servicer, the Special Servicer and the Trustee, as applicable, will be entitled to reimbursement
for a Property Protection Advance, first from funds on deposit in each of the Collection Account and the Companion Distribution
Account that (in any case) represent amounts received on or in respect of the Mortgage Loan in the manner provided in the Lead
Securitization Servicing Agreement, and then, in the case of Nonrecoverable Property Protection Advances, if such funds on deposit
in the Collection Account and Companion Distribution Account are insufficient, from general collections of the Lead Securitization
as provided in the Lead Securitization Servicing Agreement and from general collections of the Non-Lead Securitization as provided
below. The Master Servicer, the Special Servicer and the Trustee, as applicable, will be entitled to reimbursement for Advance
Interest Amounts on a Property Protection Advance or a Nonrecoverable Property Protection Advance, in the manner and from the sources
provided in the Lead Securitization Servicing Agreement, including from general collections of the Lead Securitization and, in
the case of Property Protection Advances, from general collections of the Non-Lead Securitization as provided below. 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 Nonrecoverable Property Protection Advance or any Advance Interest
Amounts on a Property Protection Advance or a Nonrecoverable Property Protection Advance, the Non-Lead Securitization Noteholder
(including from general collections or any other amounts from the Non-Lead Securitization Trust) shall be required to, promptly
following notice from the Master Servicer, reimburse the Lead Securitization for its pro rata share of such Nonrecoverable
Property Protection Advance or Advance Interest Amounts. If the Master Servicer or the Special Servicer determines that a proposed
principal and interest Advance with respect to the Lead Securitization Note or Property Protection Advance with respect to the
Mortgage Loan, if made, or any outstanding principal and interest Advance or Property Protection Advance previously made, would
be, or is, as applicable, a Nonrecoverable Advance (as defined in the Lead Securitization Servicing Agreement), the Master Servicer
shall provide the Non-Lead Master Servicer written notice of such determination promptly after such determination was made together
with such reports that were delivered to the Master Servicer, Special Servicer or Trustee, as applicable, in connection with notification
of its determination of nonrecoverability.

In addition, the Non-Lead
Securitization Noteholder (including, but not limited to, the Non-Lead Securitization Trust) shall be required to, promptly following
notice from the Master Servicer or the Special Servicer, pay or reimburse the Lead Securitization for the Non-Lead Securitization
Noteholder’s pro rata share of any additional trust fund expenses with respect to the Mortgage Loan or the Mortgaged
Property, any other fees, costs or expenses incurred in connection with the servicing and administration of the Mortgage Loan and
allocable to the Noteholders pursuant to this Agreement and as to which the Master Servicer, the Special Servicer, the Certificate
Administrator, the Trustee, the Operating Advisor or the Depositor, as applicable, is entitled to be reimbursed pursuant to the
Lead Securitization Servicing Agreement, and any fees, costs or expenses related to obtaining a Rating Agency Confirmation and
allocated to the

    	 	19	 

     

    

Noteholders, in each case to the extent
amounts on deposit in the Companion Distribution Account that are allocated to the Non-Lead Securitization Note are insufficient
for reimbursement of such amounts (which such reimbursement shall be made, if the Non-Lead Securitization Note has been included
in a Non-Lead Securitization, from general collections or any other amounts from such Non-Lead Securitization Trust). The Non-Lead
Securitization Noteholder agrees to indemnify (as and to the same extent the Lead Securitization Trust is required to indemnify
each of the Indemnified Parties against any Indemnified Items to the extent of its pro rata share of such Indemnified Items,
and to the extent amounts on deposit in the Companion Distribution Account that are allocated to the Non-Lead Securitization Note
are insufficient for reimbursement of such amounts, the Non-Lead Securitization Noteholder 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 (including, if the Non-Lead Securitization Note has been included in a Non-Lead
Securitization, from general collections or any other amounts from such Non-Lead Securitization Trust).

The Non-Lead Master
Servicer may be required to make principal and interest Advances on a Non-Lead Securitization Note, from time to time, subject
to the terms of the 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 principal and interest 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. The Non-Lead Master Servicer and the Non-Lead
Special Servicer and the Non-Lead Trustee, as applicable, shall be entitled to make their own recoverability determination with
respect to a principal and interest Advance to be made on a Non-Lead Securitization Note based on the information that they have
on hand and in accordance with the Non-Lead Securitization Servicing Agreement. The Master Servicer and the Trustee, as applicable,
and the Non-Lead Master Servicer or the Non-Lead Trustee shall be required to notify each other servicer and trustee with respect
to a Securitization of the amount of its principal and interest 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 the Non-Lead
Master Servicer, the Non-Lead Special Servicer or the Non-Lead Trustee, as applicable (with respect to a Non-Lead Securitization
Note), determines that a proposed principal and interest Advance, if made, would be non-recoverable or an outstanding principal
and interest 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 Property Protection Advance would be non-recoverable or an outstanding Property Protection
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
the Non-Lead Master Servicer or the Non-Lead Trustee (as provided in the Non-Lead Securitization Servicing Agreement, in the case
of a determination of non-recoverability by the Non-Lead Master Servicer, the Non-Lead Special Servicer or the Non-Lead Trustee)
shall notify the Master Servicer and the Trustee, or the Non-Lead Master Servicer and the Non-Lead Trustee, as the case may be,
within two (2) Business Days of making such determination. Each of the Master Servicer, the Trustee, the Non-Lead Master Servicer
and the Non-Lead Trustee, as applicable, will only be entitled to reimbursement for a principal and interest Advance that becomes
non-recoverable and Advance Interest Amounts thereon first from the Collection Account or the Companion Distribution

    	 	20	 

     

    

Account from amounts allocable to the
Mortgage Loan for which such principal and interest Advance was made, and then, if 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 the Non-Lead Securitization Note, from general collections of the Non-Lead Securitization
Trust, as and to the extent provided in the Non-Lead Securitization Servicing Agreement.

(c)   
At any time after the Securitization Date that the Lead Securitization Note is no longer subject to the provisions of the
Servicing Agreement, the Lead Securitization Noteholder shall cause the Mortgage Loan to be serviced in accordance with the servicing
provisions set forth in the Servicing Agreement or a Substitute Servicing Agreement as if such agreement was still in full force
and effect with respect to the Mortgage Loan; provided, however, that the Servicer under the Servicing Agreement shall have no
further obligations to advance monthly payments of principal or interest; provided, further, however, that until a replacement
servicing agreement is in place, the actual servicing of the Mortgage Loan may be performed by any nationally recognized commercial
mortgage loan servicer appointed by Lead Securitization Noteholder and the special servicer appointed by the Controlling Noteholder
and does not have to be performed by the service providers set forth under the Servicing Agreement; provided, further, however,
that until a replacement servicing agreement has been entered into, the if a Non-Lead Securitization Note becomes the subject of
an Asset Review pursuant to the related Non-Lead Securitization Servicing Agreement, the Master Servicer, the Special Servicer,
the Trustee and the Custodian shall reasonably cooperate with the Non-Lead Asset Representations Reviewer in connection with such
Asset Review by providing the Non-Lead Asset Representations Reviewer with any documents reasonably requested by the 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) the Non-Lead Asset Representations Reviewer has not been able to obtain
such documents from the related mortgage loan seller.

(d)  
Notwithstanding anything to the contrary contained in this Agreement, any obligation of the Servicer pursuant to the terms
hereof shall be performed by the Master Servicer or the Special Servicer, as applicable, as set forth in the Servicing Agreement.

(e)   
The Servicing Agreement shall contain provisions to the effect that:

(i)           
if an event of default under the Servicing Agreement has occurred (A) with respect to the Master Servicer under the Servicing
Agreement that affects a Noteholder or any class of commercial mortgage securities backed by a Note, and the Master Servicer is
not otherwise terminated under the Servicing Agreement, then the Non-Lead Securitization Noteholders shall be entitled to direct
the Trustee to appoint a sub-servicer solely with respect to the Mortgage Loan (or if the Mortgage Loan is currently being sub-serviced,
to replace the current sub-servicer, but only if such original sub-servicer is in default under the related sub-servicing agreement);
and (B) the appointment (or replacement) of a sub-servicer with respect to the Mortgage Loan, as contemplated in clause (A)
above, will in any event be subject to written confirmation from each Rating Agency that such appointment would not, in and of
itself, cause a downgrade, qualification or withdrawal of the then-current ratings assigned to the securities issued in connection
with any Securitization;

    	 	21	 

     

    

(ii)           
any payments received on the Mortgage Loan shall be paid by the Master Servicer (a) to each of the Noteholders (other than
the Non-Lead Securitization Noteholders) on the “master servicer remittance date” under the Servicing Agreement and
(b) by the earlier of (x) the Master Servicer Remittance Date (as defined in the Lead Securitization Servicing Agreement) and (y)
the Business Day following the “determination date” (or any term substantially similar thereto) as defined in the Non-Lead
Securitization Servicing Agreement, in each case as long as the date on which remittance is required under this clause (ii)
is at least one (1) Business Day after the scheduled monthly payment date under the Mortgage Loan Agreement;

(iii)           
each Non-Lead Noteholder shall be entitled to receive, and the Master Servicer and the Special Servicer shall provide access
to, any information relating to the Mortgage Loan, the Mortgage Loan Borrower or the Mortgaged Property as such Non-Lead Noteholder
may reasonably request and would be customarily in the possession of, or collected or known by, the Master Servicer or the Special
Servicer of mortgage loans similar to the Mortgage Loan and, in any event, all information that is required to be provided to holders
of the securities issued by the Lead Securitization Trust that includes but is not limited to standard CREFC reports and Asset
Status Reports, provided that if an interest in the requesting Noteholder or its related Note is held by the Mortgage Loan Borrower
or a Mortgage Loan Borrower Related Party, then such requesting Noteholder shall not be entitled to receive the Asset Status Report
or any other information relating to the Special Servicer’s workout strategy or any “excluded information” or
analogous term under the Servicing Agreement;

(iv)           
each Noteholder is an intended third party beneficiary in respect of the rights afforded it under the Servicing Agreement
and may directly enforce such rights;

(v)           
the Servicing Agreement may not be amended without the consent of each Non-Lead Noteholder if such amendment would be materially
adverse to such Non-Lead Noteholder or would materially adversely affect the Mortgage Loan or any Non-Lead Noteholder’s rights
with respect thereto or would alter any term that is defined herein by reference to the Servicing Agreement in a manner that is
materially adverse to a Non-Lead Noteholder;

(vi)           
the Special Servicer selected by the Controlling Noteholder shall be named as the Special Servicer for the Mortgage Loan
by the earlier of (x) the closing of the Lead Securitization or (y) the Mortgage Loan becoming a Specially Serviced Mortgage Loan
under any other Servicing Agreement; provided, however, that such Special Servicer has the Required Special Servicer
Rating of, or otherwise be acceptable to, each of the Rating Agencies rating each Securitization;

(vii)           
any matter affecting the servicing and administration of the Mortgage Loan that requires delivery of a Rating Agency Confirmation
pursuant to the Servicing Agreement shall also require delivery of a Rating Agency Confirmation for each Non-Lead Securitization
Note and the applicable Rating Agencies.

    	 	22	 

     

    

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

(i)           
such Non-Lead Securitization Noteholder shall be responsible for its pro rata share of any Property Protection Advances
(and Advance Interest Amounts 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 the Notes are insufficient
to cover such Property Protection Advances or additional trust fund expenses, (A) the 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, as applicable, out of general funds in
the collection account (or equivalent account) established under the Non-Lead Securitization Servicing Agreement for such Non-Lead
Securitization Noteholder’s pro rata share of any such Nonrecoverable Property Protection Advances (together with
Advance Interest Amounts 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 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 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 Non-Lead Securitization Servicing Agreement
for the Non-Lead Securitization Noteholder’s pro rata share of any such Nonrecoverable Property Protection Advances
(together with Advance Interest Amounts thereon) and/or additional trust fund expenses (including compensation due to the Master
Servicer and the Special Servicer to the extent related to the servicing and administration of the Mortgage Loan and the Mortgaged
Property);

(ii)           
each of the Indemnified Parties shall be indemnified (as and to the same extent the Lead Securitization Trust is required
to indemnify each of such Indemnified Parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the
terms of 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 Non-Lead Securitization Trust, against any of the Indemnified Items to the extent of
its pro rata share of such Indemnified Items, and to the extent amounts on deposit in the Companion Distribution Account
that are allocated to the Non-Lead Securitization Note are insufficient for reimbursement of such amounts, the Non-Lead Master
Servicer will be required to reimburse each of the applicable Indemnified Parties for the Non-Lead Securitization Note’s
pro rata share of the insufficiency out of general funds in the collection account (or equivalent account) established under
the Non-Lead Securitization Servicing Agreement;

    	 	23	 

     

    

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

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

(g)  
Each Lead Securitization Noteholder shall:

(i)           
give each Non-Lead Securitization Noteholder notice of the Securitization of the Lead Securitization Note in writing (which
may be by email) promptly following the Lead Securitization Date, together with contact information for each of the parties to
the Lead Securitization Servicing Agreement; and

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

(h)  
The Servicing Agreement shall provide that compensating interest payments as defined therein with respect to any Notes will
be allocated by the Master Servicer between the Notes, pro rata, in accordance with their respective Principal Balances.
The Master Servicer shall remit any compensating interest payment in respect of and Non-Lead Securitization Note to the applicable
Non-Lead Securitization Noteholder.

    	 	24	 

     

    

(i)    
In the event any filing is required to be made by any Non-Lead Depositor under the related Servicing Agreement in order
to comply with the Non-Lead Depositor’s requirements under the Securities Exchange Act of 1934, as amended, the related Lead
Securitization Noteholder (including the Depositor and Trustee) shall use commercially reasonable efforts to timely comply with
any such filing.

(j)    
If a Non-Lead Securitization Note becomes the subject of an Asset Review pursuant to the related Non-Lead Securitization
Servicing Agreement, the Master Servicer, the Special Servicer, the Trustee and the Custodian shall reasonably cooperate with such
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 that such documents
are in the possession of the Master Servicer, the Special Servicer, the Trustee or the Custodian, as the case may be, and are not
in the possession of the Non-Lead Asset Representations Reviewer (and the Non-Lead Asset Representations Reviewer has informed
such party that it has first requested, and not received, the documents from the master servicer, special servicer and custodian
for the applicable Non-Lead Securitization).

Section 3.               
Payments. 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 Periodic Payments, the Balloon Payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit or other
collateral or instrument securing the Mortgage Loan or Insurance and Condemnation Proceeds (other than proceeds, awards or settlements
that are required 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), but excluding (x)
all amounts for required reserves or escrows required by the Mortgage Loan Documents (to the extent, 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 Advances then due and payable or reimbursable to the Servicer under the Servicing Agreement and (y) all amounts that are then
due, payable or reimbursable to any Servicer (excluding master servicing fees, trustee fees, certificate administrator fees, operating
advisor fees and asset representations reviewer fees, all of which shall be payable by each of the Noteholders to such parties
out of distributions made to them in respect of such Note), with respect to the Mortgage Loan pursuant to the Servicing Agreement
(such amounts contemplated by clauses (x) and (y), “Withheld Amounts”), shall be distributed by
the Master Servicer in the following order of priority without duplication (and payments shall be made at such times as are set
forth in the Servicing Agreement):

(a)               
first, on a Pro Rata and Pari Passu Basis, to each Noteholder in an amount equal to the accrued and unpaid interest on the
Principal Balance for each Note at the applicable Net Interest Rate;

(b)              
second, on a Pro Rata and Pari Passu Basis based on the outstanding Principal Balances of each Note, to each Noteholder
in an amount equal to the principal payments received, if any, with respect to such Payment Date with respect to the Mortgage Loan,
until such Principal Balance for each Note has been reduced to zero;

    	 	25	 

     

    

(c)               
third, on a Pro Rata and Pari Passu Basis, to each Noteholder up to the amount of any unreimbursed costs and expenses paid
by such Noteholder including any unreimbursed trust fund expenses not previously reimbursed to such Noteholder (or paid or advanced
by any Servicer on its behalf and not previously paid or reimbursed) with respect to the Mortgage Loan pursuant to this Agreement
or the Servicing Agreement;

(d)              
fourth, on a Pro Rata and Pari Passu Basis, any Prepayment Premium, to the extent paid by the Mortgage Loan Borrower, shall
be paid to each Noteholder in an amount up to its pro rata interest therein, based on the product of the applicable Percentage
Interest multiplied by the applicable Relative Spread; and

(e)               
fifth, if any excess amount is available to be distributed in respect of the Mortgage Loan, and not otherwise applied in
accordance with the foregoing clauses (a)-(d), any remaining amount shall be paid pro rata to each Noteholder in accordance
with their respective initial Percentage Interests.

All expenses and losses
relating to the Mortgage Loan and the Mortgaged Property, including without limitation losses of principal and interest, Property
Protection Advances, Advance Interest Amounts, Special Servicing Fees, Liquidation Fees and Workout Fees, Appraisal Reduction Amounts
and certain other trust expenses, shall be allocated on a Pro Rata and Pari Passu Basis. Any realized losses (including reductions
by a bankruptcy court) applied to reduce the principal balance of the Mortgage Loan shall be reimbursed on a Pro Rata and Pari
Passu Basis after all amounts of interest and principal have otherwise been paid in full on all the Notes.

Section 4.               
Administration of the Mortgage Loan.

(a)   
Subject to this Agreement (including, without limitation, Section 4(f) below) and the Servicing Agreement and
consistent with the Servicing Standard, the Lead Securitization Noteholder (or any Servicer acting on behalf of the Lead Securitization
Noteholder) shall have the sole and exclusive authority with respect to the administration of, and exercise of rights and remedies
with respect to, the Mortgage Loan, including, without limitation, the sole authority to modify or waive any of the terms of the
Mortgage Loan Documents or consent to any action or failure to act by the Mortgage Loan Borrower or any other party to the Mortgage
Loan Documents, call or waive any Event of Default, accelerate the Mortgage Loan or institute any foreclosure action or other remedy
and no other Noteholder shall have any voting, consent or other rights whatsoever with respect to the Lead Securitization Noteholder’s
administration of, or exercise of its rights and remedies with respect to, the Mortgage Loan, except as set forth in this Agreement
and the Servicing Agreement. Subject to this Agreement and the Servicing Agreement (including, without limitation, Section 4(f)
below) and consistent with the Servicing Standard, each Non-Lead Securitization Noteholder agrees that it shall have no right to,
and hereby presently and irrevocably assigns and conveys to the Lead Securitization Noteholder (or any Servicer acting on behalf
of the Lead Securitization Noteholder) the rights, if any, that such Non-Lead Securitization Noteholder has to (i) call or
cause the Lead Securitization Noteholder 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
Noteholder to file any bankruptcy petition against the Mortgage Loan Borrower. The Lead Securitization Noteholder (or any Servicer
acting on behalf of the Lead Securitization Noteholder) shall not have

    	 	26	 

     

    

any fiduciary duty to any Non-Lead Noteholder
in connection with the administration of the Mortgage Loan (but the foregoing shall not relieve the Lead Securitization Noteholder
from the obligation to make any disbursement of funds as set forth herein).

Upon the Mortgage
Loan becoming a Defaulted Mortgage Loan, each Non-Lead Noteholder hereby acknowledges the right and obligation of the Lead Securitization
Noteholder (or the Special Servicer acting on behalf of the Lead Securitization Noteholder) to sell each Non-Lead Note together
with the Lead Securitization Note as notes evidencing one whole loan in accordance with the terms of the Servicing Agreement. In
connection with any such sale, the Special Servicer shall be required to sell each Non-Lead Note together with the Lead Securitization
Note in the manner set forth in the Servicing Agreement and shall be required to require that all offers be submitted to the Trustee
in writing. Whether any cash offer constitutes a fair price for such Notes shall be determined by the Trustee or Special Servicer,
as applicable, in accordance with the terms of the Lead Securitization Servicing Agreement; 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 such Notes, the
Trustee shall be supplied with and shall rely on the most recent Appraisal or updated Appraisal conducted in accordance with the
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 such Notes, the Trustee 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 Servicing Agreement), as applicable, among other factors, the period
and amount of any delinquency on the affected Notes, 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 Noteholders in connection with making such determination.
Notwithstanding the foregoing, the Lead Securitization Noteholder (or the Special Servicer acting on behalf of the Lead Securitization
Noteholder) shall not be permitted to sell the Non-Lead Securitization Notes if they become a Defaulted Mortgage Loan without the
written consent of each Non-Lead Securitization Noteholder (provided that such consent is not required if such Non-Lead Securitization
Noteholder is the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower) unless the Special Servicer has delivered
to such Non-Lead Securitization Noteholder: (a) at least 15 Business Days’ prior written notice of any decision to attempt
to sell the Non-Lead Securitization Notes; (b) at least 10 days prior to the proposed sale date, a copy of each bid package (together
with any material amendments to such bid packages) received by the Special Servicer in connection with any such proposed sale,
(c) at least 10 days prior to the proposed sale date, a copy of the most recent Appraisal for the Mortgage Loan, and any documents
in the Servicing File (as defined in the Servicing Agreement) reasonably requested by the Non-Lead Securitization Noteholder that
are material to the price of the Non-Lead Securitization Notes and (d) until the sale is completed, and a reasonable period of
time (but no less time than is afforded to the other offerors and the Controlling Class Representative) 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 Special Servicer in connection with the proposed sale; provided, that such Non-Lead Securitization Noteholder may waive
any of the delivery or timing requirements set forth in this sentence. Subject to the terms of the Servicing Agreement, each of
the Controlling Noteholder,

    	 	27	 

     

    

the Controlling Class Representative,
any other Noteholder (or any controlling class representative or directing holder on its behalf under the Non-Lead Securitization
Servicing Agreement) shall be permitted to bid at any sale of the Non-Lead Securitization Note unless such Person is the Mortgage
Loan Borrower or an agent or Affiliate of the Mortgage Loan Borrower.

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

The authority and
obligation of the Lead Securitization Noteholder to sell each Non-Lead Note, and the obligations of each Non-Lead Noteholder to
execute and deliver instruments or deliver its Non-Lead Note upon request of the Lead Securitization Noteholder, shall terminate
and cease to be of any further force or effect upon the date, if any, upon which no Note is held in a Securitization. The preceding
sentence shall not be construed to grant to any Non-Lead Noteholder the benefit of any representation or warranty made by such
seller or any document delivery obligation imposed on such seller under any mortgage loan purchase and sale agreement, instrument
of transfer or other document or instrument that may be executed or delivered by such seller in connection with the Lead Securitization.

(b)  
The administration of the Mortgage Loan shall be governed by this Agreement and the Servicing Agreement. Each Noteholder
agrees to be bound by the terms of the Servicing Agreement. The Lead Securitization Noteholder (or the Servicer on its behalf)
shall service the Mortgage Loan in accordance with the terms of this Agreement and consistent with the Servicing Standard. Servicing
of the Mortgage Loan shall be carried out by the Master Servicer and, if the Mortgage Loan is a Specially Serviced Mortgage Loan,
by the Special Servicer, in each case pursuant to the Servicing Agreement and consistent with the Servicing Standard. Notwithstanding
anything to the contrary contained herein, in accordance with the Servicing Agreement, the Lead Securitization Noteholder 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 of the Noteholders as a collective whole, and each Non-Lead Noteholder who
is not the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party shall be deemed a third party beneficiary of such provisions
of the Servicing Agreement.

(c)   
Notwithstanding anything to the contrary contained herein, but subject to the terms and conditions of the Servicing Agreement
and this Agreement (including, without limitation, Section 4(f)), if the Lead Securitization Noteholder in connection
with a Workout of the Mortgage Loan modifies the terms thereof such that (i) the unpaid principal balance of the Mortgage
Loan is decreased, (ii) the Interest Rate or scheduled amortization payments on such Mortgage Loan are reduced, (iii) payments
of interest or principal on such Mortgage Loan are waived, reduced or deferred or (iv) any other adjustment (other than an
increase in the Interest

    	 	28	 

     

    

Rate or increase in scheduled amortization
payments) is made to any of the terms of the Mortgage Loan, the full economic effect of all waivers, reductions or deferrals of
amounts due on the Mortgage Loan attributable to such Workout shall be borne by the Noteholders (pro rata based on the Principal
Balances of their respective Notes), in each case up to the amount otherwise due on such Note(s).

(d)  
All rights and obligations of the Lead Securitization Noteholder described hereunder may be exercised by the Servicers on
behalf of the Lead Securitization Noteholder in accordance with the Servicing Agreement and this Agreement. Each Non-Lead Noteholder
shall be provided access to any website that an investor would be permitted to access in accordance with the procedures set forth
in the Servicing Agreement, it being understood and agreed that each Non-Lead Noteholder is subject to any restrictions on the
access to such websites contained in the Servicing Agreement.

(e)   
If any Note is included as an asset of a REMIC, any provision of this Agreement to the contrary notwithstanding: (i) the
Mortgage Loan shall be administered such that the Notes shall each 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 Noteholders pursuant to a foreclosure, exercise of a power of sale or delivery of a deed in lieu
of foreclosure of the Mortgage or lien on such property following a default on the Mortgage Loan shall be administered so that
the interests of the Noteholders 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 Noteholders 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 months after the earliest startup day of any REMIC which includes the Lead Securitization Note (or any
portion thereof). The Noteholders agree that the provisions of this Section 4(e) shall be effected by compliance by
the Lead Securitization Noteholder or its assignees with this Agreement or the Servicing Agreement or any other agreement which
governs the administration of the Mortgage Loan or the Lead Securitization Noteholder’s interests therein. All costs and
expenses of compliance with this Section 4(e), to the extent that such costs and expenses relate to administration
of a REMIC or to any determination respecting the amount, payment or avoidance of any tax under the REMIC Provisions or the actual
payment of any REMIC tax or expense, shall be borne by each Noteholder with respect to the REMIC containing the Note owned by such
Noteholder.

Anything herein or
in the Servicing Agreement to the contrary notwithstanding, in the event that a Note is included in a REMIC and the other Notes
are not, the other Noteholders shall not be required to reimburse such Noteholder that deposited its Note in the REMIC 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

    	 	29	 

     

    

disbursement or payment otherwise distributable
to either such other Noteholder be reduced to offset or make-up any such payment or deficit.

(f)   
(i)Subject to clause (ii) or (iii) below, with respect to any consent, modification, amendment or waiver
under or other action in respect of the Mortgage Loan (whether or not a Servicing Transfer Event has occurred and is continuing)
that would constitute a Major Decision, the Servicer shall provide the Controlling Noteholder with at least ten (10) Business Days
(or, in the case of a determination of an Acceptable Insurance Default, 20 days) prior notice requesting consent to the requested
Major Decision. The Servicer shall not take any action with respect to such Major Decision (or make a determination not to take
action with respect to such Major Decision), unless and until the Special Servicer receives the written consent of the Controlling
Noteholder before implementing a decision with respect to such Major Decision.

(ii)       If
the Lead Securitization Noteholder (or the Servicer acting on its behalf) has not received a response from the Controlling Noteholder
with respect to such Major Decision within five (5) Business Days after delivery of the notice of a Major Decision, the Lead Securitization
Noteholder (or the Special Servicer acting on its behalf) shall deliver an additional copy of the notice of a Major Decision in
all caps bold 14-point font: “THIS IS A SECOND NOTICE. FAILURE TO RESPOND WITHIN FIVE (5) BUSINESS DAYS OF THIS SECOND NOTICE
WILL RESULT IN A LOSS OF YOUR RIGHT TO CONSENT WITH RESPECT TO THIS DECISION.” and if the Controlling Noteholder fails to
respond to the Lead Securitization Noteholder (or the Special Servicer acting on its behalf) with respect to any such proposed
action within five (5) Business Days after receipt of such second notice, the Controlling Noteholder, as applicable, shall have
no further consent rights with respect to the specific action set forth in such notice. Notwithstanding the foregoing, or if a
failure to take any such action at such time would be inconsistent with the Servicing Standard, the Servicer may take actions with
respect to such Mortgaged Property before obtaining the consent of the Controlling Noteholder if the Servicer reasonably determines
in accordance with the Servicing Standard that failure to take such actions prior to such consent would materially and adversely
affect the interest of the Noteholders as a collective whole, and the Servicer has made a reasonable effort to contact the Controlling
Noteholder. The foregoing shall not relieve the Lead Securitization Noteholder (or a Servicer acting on its behalf) of its duties
to comply with the Servicing Standard.

(iii)       Notwithstanding
the foregoing, the Lead Securitization Noteholder (or any Servicer acting on its behalf) shall not follow any advice or consultation
provided by the Controlling Noteholder that would require or cause the Lead Securitization Noteholder (or any Servicer acting on
its behalf) to violate any applicable law, including the REMIC Provisions, be inconsistent with the Servicing Standard, require
or cause the Lead Securitization Noteholder (or any Servicer acting on its behalf) to violate provisions of this Agreement or the
Servicing Agreement, require or cause the Lead Securitization Noteholder (or any Servicer acting on its behalf) to violate the
terms of the Mortgage Loan, or materially expand the scope of any Lead Securitization Noteholder’s (or any Servicer acting
on its behalf) responsibilities under this Agreement or the Servicing Agreement.

The Special Servicer
shall be required to provide copies to each Non-Controlling Noteholder of any notice, information and report that is required to
be provided to the Controlling Noteholder pursuant to the Servicing Agreement with respect to any Major Decisions, or the

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implementation of any recommended actions
outlined in an Asset Status Report, within the same time frame such notice, information and report is required to be provided to
the Controlling Noteholder, and at any time the Controlling Noteholder is the Lead Securitization Noteholder, the Special Servicer
shall be required to consult with each Non-Lead Securitization Noteholder on a strictly non-binding basis, to the extent having
received such notices, information and reports, any Non-Lead Securitization Noteholder requests consultation with respect to any
such Major Decisions or the implementation of any recommended actions outlined in an Asset Status Report, and consider alternative
actions recommended by such Non-Lead Securitization Noteholder; provided that after the expiration of a period of ten (10)
Business Days from the delivery to any Non-Controlling Securitization Noteholder by the Special Servicer of written notice of a
proposed action, together with copies of the notice, information and reports, the Special Servicer shall no longer be obligated
to consult with such Non-Lead Securitization Noteholders, whether or not such Non-Lead Securitization Noteholders have responded
within such ten (10) Business Day period.

The Noteholders acknowledge
that the Lead Securitization Servicing Agreement may contain certain provisions that give the Operating Advisor certain non-binding
consultation rights with respect to Major Decisions related to compliance with the Risk Retention Rules applicable to the Lead
Securitization.

(g)  
The Master Servicer or Special Servicer shall obtain Appraisals that meet the requirements of, and at the times required
pursuant to, the terms of the Servicing Agreement.

(h)  
Notwithstanding anything to the contrary contained herein or in the Servicing Agreement, if at any time the Mortgage Loan
Borrower or a Mortgage Loan Borrower Related Party is a Noteholder (a “Borrower Party Noteholder”), then (i)
such Borrower Party Noteholder shall not have any rights as a Controlling Noteholder or a Controlling Class Representative, (ii)
such Borrower Party Noteholder shall have no right to appoint or terminate the Master Servicer or Special Servicer, (iii) such
Borrower Party Noteholder shall have no right to consult with or advise the Master Servicer or Special Servicer, and shall have
no right to review and approve or comment on any Asset Status Report and (iv) in each and every instance where, pursuant to this
Agreement or the Servicing Agreement, the Master Servicer or Special Servicer must take into account the interests of each Noteholder
(or words of similar import), such consideration shall be given to the Borrower Party Noteholder only in its capacity as a holder
of the applicable Note.

Section 5.               
Special Servicer. The Controlling Noteholder, at its expense (including, without limitation, the reasonable costs
and expenses of counsel to any third parties and costs and expenses of the terminated Special Servicer), shall have the right,
at any time from time to time, to appoint a replacement Special Servicer with respect to the Mortgage Loan. The Controlling Noteholder
shall be entitled to terminate the rights and obligations of the Special Servicer under the Servicing Agreement, with or without
cause, upon at least ten (10) Business Days’ prior written notice to the Special Servicer (provided, however, that the Controlling
Noteholder shall not be liable for any termination or similar fee in connection with the removal of the Special Servicer in accordance
with this Section 5); such termination not be effective unless and until (A) each Rating Agency delivers a Rating Agency
Confirmation (to the extent any portion of the Mortgage Loan has been securitized); (B) the initial or successor Special Servicer
has assumed in writing (from and after the date such successor Special Servicer becomes the Special Servicer) all of the responsibilities,
duties and liabilities of the Special Servicer under the Servicing

    	 	31	 

     

    

Agreement from and after the date it
becomes the Special Servicer as they relate to the Mortgage Loan pursuant to an assumption agreement reasonably satisfactory to
the Trustee; and (C) the Trustee shall have received an opinion of counsel reasonably satisfactory to the Trustee to the effect
that (x) the designation of such replacement to serve as Special Servicer is in compliance with the Servicing Agreement, (y) such
replacement will be bound by the terms of the Servicing Agreement with respect to such Mortgage Loan and (z) subject to customary
qualifications and exceptions, the applicable Servicing Agreement will be enforceable against such replacement in accordance with
its terms. The Lead Securitization Noteholder shall promptly provide copies to any terminated Special Servicer of the documents
referred to in the preceding sentence. The Lead Securitization Noteholder will reasonably cooperate with the Controlling Noteholder
in order to satisfy the foregoing conditions, including the Rating Agency Confirmation.

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

Section 6.               
Payment Procedure.

(a)   
The Lead Securitization Noteholder (or the Servicer on its behalf), in accordance with the priorities set forth in Section 3
and subject to the terms of the Servicing Agreement, will deposit or cause to be deposited all payments allocable to the Notes
to the Collection Account or Companion Distribution Account for the Notes established pursuant to the Servicing Agreement. The
Lead Securitization Noteholder (or the Servicer on its behalf) shall establish a segregated sub-account for amounts due to the
each Noteholder. The Lead Securitization Noteholder (or the Servicer acting on its behalf) shall deposit such amounts to the applicable
account within two (2) Business Days following the Lead Securitization Noteholder’s (or the Servicer’s acting on its
behalf) receipt of properly identified and available funds from or on behalf of the Mortgage Loan Borrower.

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

    	 	32	 

     

    

been required to pay to the Mortgage
Loan Borrower, the Master Servicer, Special Servicer, any other Noteholder or such other Person with respect thereto.

(c)   
If, for any reason, the Lead Securitization Noteholder (or the Servicer on its behalf) makes any payment to any other Noteholder
before the Lead Securitization Noteholder (or the Servicer on its behalf) has received the corresponding payment (it being understood
that the Lead Securitization Noteholder (or the Servicer on its behalf) is under no obligation to do so), and the Lead Securitization
Noteholder (or the Servicer on its behalf) does not receive the corresponding payment within three (3) Business Days of its payment
to such other Noteholder, then such other Noteholder will, at the Lead Securitization Noteholder’s (or the Servicer’s
on its behalf) request, promptly return that payment to the Lead Securitization Noteholder (or the Servicer on its behalf).

(d)  
Each Noteholder 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 Lead Securitization Noteholder (or
the Servicer on its behalf) subject to this Agreement and the Servicing Agreement and to be distributed pursuant to the terms of
this Agreement. The Lead Securitization Noteholder (or the Servicer on its behalf) shall have the right to offset any amounts due
hereunder from any other Noteholder, as applicable, with respect to the Mortgage Loan against any future payments due to such other
Noteholder, as applicable, under the Mortgage Loan, provided, that each Noteholder’s obligations under this Section 6
are separate and distinct obligations from one another and in no event shall the Lead Securitization Noteholder (or the Servicer
on its behalf) enforce the obligations of one Noteholder against another Noteholder. Each Noteholder’s obligations under
this Section 6 constitute absolute, unconditional and continuing obligations.

Section 7.               
Limitation on Liability of the Noteholders. No Noteholder (including any Servicer on a Noteholder’s behalf,
but only to the extent that the Servicing Agreement does not impose any other standard upon any Servicer, in which case the Servicing
Agreement shall control) shall have any liability to any other Noteholder except with respect to losses actually suffered due to
the gross negligence, willful misconduct or breach of this Agreement on the part of such Noteholder.

Each Noteholder acknowledges
that, subject to the terms and conditions hereof, any other Noteholder may exercise, or omit to exercise, any rights that such
Noteholder may have under this Agreement and the Servicing Agreement in a manner that may be adverse to the interests of each other
Noteholder and that such Noteholder shall have no liability whatsoever to any other Noteholder in connection with such Noteholder’s
exercise of rights or any omission by such Noteholder to exercise such rights; provided, however, that such Noteholder
shall not be protected against any liability to any other Noteholder that would otherwise be imposed by reason of willful misfeasance,
bad faith or negligence.

Section 8.               
Bankruptcy. Subject to the provisions of Section 4(f) hereof and the Servicing Standard, each Noteholder
hereby covenants and agrees that only the Lead Securitization Noteholder (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

    	 	33	 

     

    

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. Subject to the provisions of Section 4(f) hereof and the Servicing Standard, each Noteholder
further agrees that only the Lead Securitization Noteholder, as a creditor, 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. Subject to the provisions of Section 4(f),
the Noteholders hereby appoint the Lead Securitization Noteholder as their agent, and grant to the Lead Securitization Noteholder
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 the Controlling Noteholder 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 Noteholders, hereby agree that, upon the request of the Lead Securitization Noteholder but subject to the provisions
of Section 4(f), each other Noteholder shall execute, acknowledge and deliver to the Lead Securitization Noteholder
all and every such further deeds, conveyances and instruments as the Lead Securitization Noteholder 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.

Section 9.               
Representations of each Initial Noteholder.

Each Initial Noteholder
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 Noteholder’s charter or any law or contractual
restriction binding upon such Noteholder and that this Agreement is the legal, valid and binding obligation of such Noteholder
as applicable enforceable against it in accordance with its terms. Each Initial Noteholder represents and warrants that it is duly
organized, validly existing, in good standing and possession of all licenses and authorizations necessary to carry on its respective
business. Each Initial Noteholder represents and warrants that (a) this Agreement has been duly executed and delivered by such
Noteholder, (b) to such Noteholder’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
Noteholder have been obtained or made and (c) to such Noteholder’s actual knowledge, there is no pending action, suit or
proceeding, arbitration or governmental investigation against such Noteholder, an adverse outcome of which would materially and
adversely affect its performance under this Agreement.

Each Initial Noteholder
acknowledges that no other Noteholder owes such Noteholder any fiduciary duty with respect to any action taken under the Mortgage
Loan Documents and, except as provided herein or in the Servicing Agreement, need not consult with such Noteholder with respect
to any action taken by such Noteholder in connection with the Mortgage Loan.

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Section 10.           
Independent Analysis of the Noteholder. Each Noteholder acknowledges that it has, independently and without reliance
upon any Initial Noteholder, except with respect to the representations and warranties provided by an Initial Noteholder herein
and in any documents or instruments executed and delivered by the such Initial Noteholder in connection herewith (including the
representations and warranties provided in the agreement pursuant to which it acquired its Note), and based on such documents
and information as it has deemed appropriate, made its own credit analysis and decision to purchase such Note and such Noteholder
accepts responsibility therefor. Each Noteholder hereby acknowledges that, other than the representations and warranties provided
herein and in such other documents or instruments, no Initial Noteholder has made any representations or warranties with respect
to the Mortgage Loan, subject to such representations and warranties as provided by such Initial Noteholder herein and in such
other documents and instruments, and that no Initial Noteholder shall have any responsibility for (i) the collectibility of the
Mortgage Loan, (ii) the validity, enforceability or legal effect of any of the Mortgage Loan Documents or the title insurance
policy or policies or any survey furnished or to be furnished to an Initial Noteholder in connection with the origination of the
Mortgage Loan, (iii) the validity, sufficiency or effectiveness of the lien created or to be created by the Mortgage Loan Documents,
or (iv) the financial condition of the Mortgage Loan Borrower. Each Noteholder assumes all risk of loss in connection with its
Note except as specifically set forth herein.

Section 11.           
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 or among any of the Noteholders as a partnership,
association, joint venture or other entity. None of the Noteholders shall have any obligation whatsoever to offer to any other
Noteholder the opportunity to purchase a Note interest in any future loans originated by such Noteholder or its Affiliates, and
if such Noteholder chooses to offer to any other Noteholder the opportunity to purchase a Note interest in any future mortgage
loans originated by the such Noteholder or their respective Affiliates, such offer shall be at such purchase price and interest
rate as the offering Noteholder chooses, in its sole and absolute discretion. No Noteholder shall have any obligation whatsoever
to purchase from any other Noteholder an interest in any future loans originated by such Noteholder or their respective Affiliates.

Section 12.           
Not a Security. No Note shall be deemed to be a security within the meaning of the Securities Act of 1933 or the
Securities Exchange Act of 1934.

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

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Section 14.           
Sale of the Notes.

(a)   
Each Noteholder agrees that it will not Transfer all or any portion of its Note except in accordance with this Section 14.
Each Noteholder agrees it shall not Transfer more than 49% (in the aggregate) of its beneficial interest in its Note, except to
a Qualified Institutional Lender, unless (i) prior to a Securitization of any Note, the other Noteholders have consented to such
Transfer, in which case the related transferee (and its Affiliates) shall thereafter be deemed to be a “Qualified Institutional
Lender” 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
Institutional Lender” for all purposes under this Agreement, or (iii) such Transfer is in connection with a sale by a Securitization
Trust; provided that if such Transfer is a Transfer of the Lead Securitization Note, such Transfer is to a Qualified Institutional
Lender. With respect to any Transfers pursuant to (i) or (ii) above (except with respect to a Transfer to a Securitization Trust)
such transferee must (x) assume in writing the obligations of the transferring Noteholder hereunder and agree to be bound by the
terms and provisions of this Agreement and, if applicable, the Servicing Agreement and (y) remake each of the representations and
warranties contained herein for the benefit of the other Noteholders. Notwithstanding the foregoing, without the non-transferring
Noteholder’s prior consent (which will not be unreasonably withheld), and, if such non transferring Noteholder’s Note
is in a Securitization, without a Rating Agency Confirmation from each Rating Agency that has been engaged by the Depositor to
rate the securities issued in connection with such Securitization, no Noteholder shall Transfer all or any portion of its Note
to a 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. None of the provisions of this Section 14(a) shall apply in the case
of a sale of all of the Notes together, 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 a Noteholder to an Affiliate, at least
five (5) days prior to a transfer of any Note, the transferring Noteholder shall provide to the other Noteholders and, if any Securitization
Trust is are outstanding, to the Rating Agencies, a certification that such transfer will be made in accordance with this Section 14,
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 Institutional Lender.

(c)   
In the case of any sale, assignment, transfer or other disposition of a participation interest in a Note, (i) such
Noteholder’s obligations under this Agreement shall remain unchanged, (ii) such Noteholder shall remain solely responsible
for the performance of such obligations, (iii) the other Noteholders and any Persons acting on their behalf shall continue
to deal solely and directly with such Noteholder in connection with such Noteholder’s rights and obligations under this Agreement
and the Servicing Agreement, and (iv) all amounts payable hereunder shall be determined as if such Noteholder had not sold such
participation interest; provided, however, that if the applicable participant is a Qualified Institutional Lender
(and delivers to the other Noteholders a certification from an authorized officer confirming its status as a Qualified Institutional
Lender), such Noteholder, by written notice to the other Noteholders, may delegate to such participant such Noteholder’s
right to exercise the rights of the Controlling Noteholder hereunder and under the Servicing Agreement.

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

(e)   
Notwithstanding any other provision hereof, any Noteholder 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 Noteholder
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 Rating Agency (a “Note Pledgee”), on terms and conditions
set forth in this Section 14(e), it being further agreed that a financing provided by a Note Pledgee to a Noteholder
or any person which Controls such Noteholder that is secured by such Noteholder’s interest in the applicable 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) prior to the first Securitization
of any Note, the consent of each other Noteholder and (b) after the closing of the first Securitization of any Note, Rating Agency
Confirmation. Upon written notice by the applicable Noteholder to each other Noteholder and any Servicer that a Pledge has been
effected (including the name and address of the applicable Note Pledgee), each other Noteholder agrees to acknowledge receipt of
such notice and thereafter agrees: (i) to give Note Pledgee written notice of any default by the pledging Noteholder in respect
of its obligations under this Agreement of which default such Noteholder has actual knowledge; (ii) to allow such Note Pledgee
a period of ten (10) Business Days to cure a default by the pledging Noteholder in respect of its obligations to each other
Noteholder 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 Noteholder shall give to such
Note Pledgee copies of any notice of default under this Agreement simultaneously with the giving of same to the pledging Noteholder
and accept any cure thereof by such Note Pledgee which such pledging Noteholder has the right (but not the obligation) to effect
hereunder, as if such cure were made by such pledging Noteholder; (v) that such other Noteholder 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 Noteholder; and (vi) that, upon written notice (a “Redirection Notice”)
to each other Noteholder and any Servicer by such Note Pledgee that the pledging Noteholder is in default, beyond any applicable
cure periods, under the pledging Noteholder’s obligations to such Note Pledgee pursuant to the applicable credit agreement
between the pledging Noteholder and such Note Pledgee (which notice need not be joined in or confirmed by the pledging Noteholder),
and until such Redirection Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee shall be entitled to receive any
payments that any Noteholder or Servicer would otherwise be obligated to pay to the pledging Noteholder from time to time pursuant
to this Agreement or any Servicing Agreement. Any pledging Noteholder hereby unconditionally and absolutely releases each other
Noteholder and any Servicer from any liability to the pledging Noteholder on account of any Noteholder’s or Servicer’s
compliance with any Redirection Notice believed by any Servicer or any such other Noteholder to have been delivered by a Note Pledgee.
Note Pledgee shall be permitted to exercise fully its rights and remedies against the pledging Noteholder to such Note Pledgee
(and accept an assignment in lieu of foreclosure as to such collateral), in accordance with applicable law and this

    	 	37	 

     

    

Agreement. In such event, the Noteholders
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 Noteholder’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 Noteholder 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(e)
shall remain effective as to any Noteholder (and any Servicer) unless and until such Note Pledgee shall have notified any such
Noteholder (and any Servicer, as applicable) in writing that its interest in the pledged Note has terminated.

(f)   
Notwithstanding any provisions herein to the contrary, if a conduit (“Conduit”) which is not a Qualified
Institutional Lender provides financing to a Noteholder then such Noteholder 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 Noteholder to finance the acquisition
and holding of its Note will require a third party (the “Conduit Credit Enhancer”) to provide credit enhancement;

(ii)           
The Conduit Credit Enhancer and conduit manager (if Moody’s rates the Securitization) will be a Qualified Institutional
Lender;

(iii)           
Such Noteholder will pledge (or sell, transfer or assign as part of a repurchase facility) its interest in the applicable
Note to the Conduit as collateral for the Conduit Inventory Loan;

(iv)           
The Conduit Credit Enhancer and the Conduit will agree that, if such Noteholder 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 Noteholder, the Conduit
Credit Enhancer will purchase the Conduit Inventory Loan from the Conduit, and the Conduit will assign the pledge of such Noteholder’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 the consent
of each other Noteholder, have any greater right to acquire the interests in the Note pledged by such Noteholder, by foreclosure
or otherwise, than would any other purchaser that is not a Qualified Institutional Lender at a foreclosure sale conducted by a
Note Pledgee.

Section 15.           
Registration of Transfer. In connection with any Transfer of a Note (but excluding (x) any participant and (y) any
Note Pledgee unless and until it realizes on its Pledge), a transferee shall execute an assignment and assumption agreement whereby
such transferee assumes all of the obligations of the applicable Noteholder hereunder with respect to such Note thereafter accruing
and agrees to be bound by the terms of this Agreement, including

    	 	38	 

     

    

the restriction on Transfers set forth
in Section 14, from and after the date of such assignment. Notwithstanding the preceding sentence, a Trustee shall
not be required to execute an assignment and assumption agreement in connection with any Transfer of a Note if the obligations
are assumed pursuant to the Servicing Agreement. In connection with a Transfer of a Note, 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 Noteholder
desiring to effect such transfer shall, and does hereby agree to, indemnify the Agent and any other Noteholder against any liability
that may result if the transfer is not made in accordance with the provisions of this Agreement. Upon a Securitization of the Lead
Securitization Note, the Certificate Administrator shall automatically become and be the Agent.

Section 16.           
Registration of the Notes. 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 Section 15, and the principal amounts (and stated interest) of the Note owing to each such Noteholder, 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, except in the case of the Initial Noteholders who may hold their Notes through
a nominee. Upon request of a Noteholder, the Agent shall provide such party with the names and addresses of the Noteholders. To
the extent another party is appointed as Agent hereunder, the Noteholders hereby designate such person as its agent under this
Section 16 solely for purposes of maintaining the Note Register. The parties intend for the Notes to be in registered
form for federal income tax purposes under Section 5f.103-1(c) of the United States Treasury Regulations.

Section 17.           
Statement of Intent. The Agent and each Noteholder intend that the Notes be classified, and the arrangement hereby
be maintained, in a manner consistent with rules applicable to 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 18.           
No Pledge. This Agreement shall not be deemed to represent a pledge of any interest in the Mortgage Loan by the Noteholders.
Except as otherwise provided in this Agreement and the Servicing Agreement, no Non-Lead Noteholder shall have any interest in any
property taken as security for the Mortgage Loan, provided, however, that if any such property or the proceeds of
any sale, lease or other disposition thereof shall be received, then each Non-Lead Noteholder shall be entitled to receive its
share of such application in accordance with the terms of this Agreement and/or the Servicing Agreement.

Section 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

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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.

Section 20.           
Submission to Jurisdiction; Waivers. Each party hereto hereby irrevocably and unconditionally:

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

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

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

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

Section 21.           
Modifications; Amendment. This Agreement shall not be modified, cancelled or terminated except by an instrument in
writing signed by each Noteholder. Additionally, for as long as any Note is contained in a Securitization Trust, the Noteholders
shall not amend or modify this Agreement without first receiving a Rating Agency Confirmation; provided that no such confirmation
from the Rating Agencies shall be required in connection with a modification or amendment (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 Servicing
Agreement, (ii) entered into pursuant to Section 32 of this Agreement or (iii) to correct or supplement any provision
herein that may be defective or inconsistent with any other provisions of this Agreement.

    	 	40	 

     

    

Section 22.           
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 permitted assigns. Except as provided herein, 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,
each Noteholder may assign or delegate its rights or obligations under this Agreement. Upon any such assignment, the assignee
shall be entitled to all rights and benefits of the applicable Noteholder hereunder, including, without limitation, the right
to make further assignments and grant additional Notes.

Section 23.           
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 24.           
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 25.           
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 26.           
Entire Agreement. This Agreement constitutes the entire agreement among 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 27.           
Custody of Mortgage Loan Documents. The originals of all of the Mortgage Loan Documents (other than the Notes) will
be held by the Lead Securitization Noteholder (or a custodian acting on behalf of the Lead Securitization Noteholder) who shall
act as secured party under the Mortgage Loan Documents on behalf of the registered holders of the Notes. Notwithstanding anything
to the contrary in this Agreement, upon the Lead Securitization, the originals of all of the Mortgage Loan Documents (other than
the Notes) shall be held by the Custodian. Each Note shall be held by the respective Noteholder or a custodian appointed by such
Noteholder.

Section 28.           
Notices. All notices required hereunder shall be given by (i) writing and personally delivered, (ii) sent by facsimile
transmission (during business hours) if a party has provided a facsimile number, (iii) reputable overnight delivery service (charges
prepaid), (iv) sent by electronic mail containing language requesting the recipient to confirm receipt thereof if a party has provided
an electronic mail address and only if such electronic mail is promptly followed by a written notice or (v) 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

    	 	41	 

     

    

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.

All notices and reports
(including, without limitation, Asset Status Reports) required to be delivered hereunder by the Lead Securitization Noteholder
(or any Servicer on its behalf) to the Controlling Noteholder shall also be delivered by the applicable party to each other Noteholder.

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

Section 30.           
Certain Matters Affecting the Agent.

(a)   
The Noteholders hereby appoint the Agent to act on their behalf, and the Agent shall act on behalf of the Noteholders;

(b)  
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 15;

(c)   
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;

(d)  
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 of the Noteholders pursuant to the provisions of this Agreement, unless it has received
indemnity reasonably satisfactory to it;

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

(f)   
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; and

(g)  
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.

Section 31.           
Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Lead
Securitization Noteholder. In the event that the Agent is terminated pursuant to this Section 31, all of its rights
and obligations under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of
such termination.

    	 	42	 

     

    

The Agent may resign
at any time upon notice, so long as a successor Agent, reasonably satisfactory to the Noteholders, has agreed to be bound by this
Agreement and perform the duties of the Agent hereunder. GSBI, as Initial Agent, may transfer its rights and obligations to a Servicer,
as successor Agent, at any time without the consent of any Noteholder. GSBI, as Initial Agent, shall promptly and diligently attempt
to cause such Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity, shall promptly and diligently
attempt to cause a similar servicer to act as successor Agent. Notwithstanding the foregoing, the Noteholders hereby agree that,
simultaneously with the closing of the Lead Securitization, the Certificate Administrator shall be deemed to have been automatically
appointed as the successor Agent under this Agreement in place of the Initial Agent or any successor thereto prior to such Securitization
without any further notice or other action. The termination or resignation of the Certificate Administrator, as Certificate Administrator
under the Servicing Agreement, shall be deemed a termination or resignation of such Certificate Administrator as Agent under this
Agreement.

Section 32.           
Resizing. In connection with the Mortgage Loan, each Noteholder agrees, subject to clause (iii) below, that
if a Noteholder determines that it is advantageous to resize its Note by causing the Mortgage Loan Borrower to execute amended
and restated or additional pari passu notes (in either case, “New Notes”) reallocating the principal of such
Note to such New Notes, each Noteholder other than the resizing Noteholder shall cooperate with the resizing Noteholder to effect
such resizing at such resizing Noteholder’s expense; provided that (i) the aggregate principal balance of all outstanding
New Notes following the creation thereof is no greater than the principal balance of such Note or Notes immediately prior to the
creation of the New Notes, (ii) the weighted average Interest Rate of all outstanding New Notes following the creation thereof
is the same as the Interest Rate of the related Note or Notes immediately prior to the creation of the New Notes, and (iii) no
such resizing shall (x) change the interest allocable to, or the amount of any payments due to, any other Noteholder, or priority
of such payments, or (y) increase any other Noteholder’s obligations or decrease any other Noteholder’s rights,
remedies or protections. In connection with any resizing of a Note, the related Noteholder may allocate its rights hereunder among
the New Notes in any manner in its sole discretion.

Section 33.           
Conflict. To the extent of any inconsistency between the Servicing Agreement, on one hand, and this Agreement, on
the other, this Agreement shall control.

[SIGNATURE PAGE FOLLOWS]

 

 

 

    	 	43	 

     

    

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

	 	GOLDMAN
SACHS BANK USA, as Initial Note A-1 Holder and Initial Agent
	 	 
	 	By: 	/s/ Leah Nivison
	 	 	Name: Leah Nivison
Title: Authorized Signatory

	 	GOLDMAN SACHS BANK USA,
as Initial Note A-2 Holder
	 	 
	 	By:	/s/ Leah Nivison
	 	 	Name: Leah Nivison
Title: Authorized Signatory

	 	GOLDMAN SACHS BANK USA,
as Initial Note A-3 Holder
	 	 
	 	By:	/s/ Leah Nivison
	 	 	Name: Leah Nivison
Title: Authorized Signatory

 

 

 (CO-LENDER
AGREEMENT – 19100 RIDGEWOOD) 

    	 	 	 

     

    

EXHIBIT A

MORTGAGE LOAN SCHEDULE

A.       Description
of Mortgage Loan:

 

	Mortgage Loan Agreement:	Loan Agreement, dated as of August 16, 2019, between Maratonio Property LLC, as borrower and Goldman Sachs Bank USA, as lender.
	Mortgage Loan Borrower	Maratonio Property LLC
	Date of the Mortgage Loan:	August 16, 2019
	Initial Principal Amount of Mortgage Loan:	$140,000,000
	Location of Mortgaged Property:	San Antonio, Texas
	Stated Maturity Date:	September 6, 2029

B.       Description
of Note Interests: Each Note shall have the initial Principal Balance, Percentage Interest and initial rate of interest set
forth in the table below.

	
        Note
        Designation
	
        Initial

        Interest Rate
	
        

        Percentage Interest
	
        Original
        Principal Balance

	Note A-1	3.65%	39.3%	$55,000,000
	Note A-2	3.65%	35.7%	$50,000,000
	Note A-3	3.65%	25.0%	$35,000,000

 

 

    	 	A-1	 

     

    

EXHIBIT B

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

Goldman Sachs Bank USA

200 West Street

New York, New York 10282

Attention: Leah Nivison

Email: leah.nivison@gs.com

with a copy to:

Goldman Sachs Bank USA

200 West Street

New York, New York 10282

Attention: Brian Bolton

Email: brian.a.bolton@gs.com and gs-refgsecuritization@gs.com

 

and:

 

Cadwalader, Wickersham & Taft LLP

200 Liberty Street

New York, New York 10281

Attention: Lisa Pauquette, Esq.

Facsimile No.: (212) 504-6666

E-mail: lisa.pauquette@cwt.com

 

    	 	B-1	 

     

    

EXHIBIT C

PERMITTED FUND MANAGERS

		1.	Westbrook Partners

		2.	DLJ Real Estate Capital Partners

		3.	iStar Financial Inc.

		4.	Capital Trust, Inc.

		5.	Lend-Lease Real Estate Investments

		6.	Archon Capital, L.P.

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

		8.	The Blackstone Group International Ltd.

		9.	Apollo Real Estate Advisors

		10.	Colony Capital, Inc.

		11.	Praedium Group

		12.	J.E. Roberts Companies

		13.	Fortress Investment Group, LLC

		14.	Lonestar Opportunity Fund

		15.	Clarion Partners

		16.	Walton Street Capital, LLC

		17.	Starwood Financial Trust

		18.	BlackRock, Inc.

		19.	Rialto Capital Management, LLC

		20.	Raith Capital Partners, LLC

		21.	Rialto Capital Advisors LLC

		22.	Teachers Insurance and Annuity Association of America

		23.	Principal Real Estate Investors, LLC

		24.	Metropolitan Life Insurance Company

		25.	New York Life Insurance Company

 

 

    	 	C-1Exhibit 4.12

 

EXECUTION VERSION 

 

CO-LENDER AGREEMENT

Dated as of August 1, 2019

between

CITI REAL ESTATE FUNDING INC.

(Note A-1 Holder)

and

ARGENTIC REAL ESTATE FINANCE LLC

(Note A-2 Holder)

 Center of Excellence

    	 	 	 

     

    

TABLE OF CONTENTS

Page

	Section 1.     Definitions; Conflicts.	2
	Section 2.     Servicing of the Mortgage Loan.	17
	Section 3.     Priority of  Notes.	19
	Section 4.     Workout.	19
	Section 5.     Accounts; Payment Procedure.	20
	Section 6.     Limitation on Liability.	20
	Section 7.     Representations of the Holders.	21
	Section 8.     Independent Analyses of each Holder.	21
	Section 9.     No Creation of a Partnership or Exclusive Purchase Right.	22
	Section 10.   Not a Security.	22
	Section 11.   Other Business Activities of the Holders.	22
	Section 12.   Transfer of Notes.	22
	Section 13.   Exercise of Remedies by the Servicer.	24
	Section 14.   Rights of the Directing Holder.	26
	Section 15.   Appointment of Special Servicer.	27
	Section 16.   Rights of the Non-Directing Holders.	28
	Section 17.   Advances; Reimbursement of Advances.	29
	Section 18.   Provisions Relating to Securitization.	30
	Section 19.   Governing Law; Waiver of Jury Trial.	38
	Section 20.   Modifications.	38
	Section 21.   Successors and Assigns; Third Party Beneficiaries.	39
	Section 22.   Counterparts.	39
	Section 23.   Captions.	39
	Section 24.   Notices.	39
	Section 25.   Custody of Mortgage Loan Documents / Mortgagee of Record.	39

    	 	-i-	 

     

    

THIS CO-LENDER AGREEMENT
(this “Agreement”), dated as of August 1, 2019, is between CITI REAL ESTATE FUNDING INC., a New York
corporation (“Citi”), having an address at 390 Greenwich Street, 7th Floor, New York, New York 10013, as the
Initial Note A-1 Holder, and ARGENTIC REAL ESTATE FINANCE LLC, a Delaware limited liability company (“AREF”),
having an address at 40 West 57th Street, 29th Floor, New York, New York 10019, as the Initial Note A-2 Holder; (the Initial
Note A-1 Holder and the Initial Note A-2 Holder are each referred to herein as an “Initial Note Holder” and
collectively the “Initial Note Holders”).

W I T N E S S E T H:

WHEREAS, AREF and
Citi have made a mortgage loan in the original principal amount of $91,200,000 (the “Mortgage Loan”) to COE
Bridgewater LLC, a Delaware limited liability company (the “Borrower”), pursuant to a loan agreement between
the Borrower, as borrower, and AREF and Citi, collectively, as lender, dated as of August 1, 2019 (the “Loan Agreement”);

WHEREAS, the Mortgage
Loan is evidenced by two promissory notes, Promissory Note A-1 in the original principal amount of $54,720,000 and Promissory
Note A-2 in the original principal amount of $36,480,000 (“Note A-1” and “Note A-2”,
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 the Center of Excellence,
located in Bridgewater, New Jersey (the “Mortgaged Property”);

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

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

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

    	 	 	 

     

    

Agreement, this Agreement shall control. Whenever used in this Agreement, the following terms shall have the respective meanings
set forth below unless the context clearly requires otherwise.

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

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

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

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

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

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

“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.

    	 	-2-	 

     

    

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

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

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

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

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

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

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

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

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

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

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

“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.

    	 	-3-	 

     

    

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

“Directing
Holder” shall mean the Holder of Note A-1 or, if Note A-1 is included in a Securitization, the holders of Certificates
issued in connection with such Securitization representing the specified interest in the class of Certificates designated as the
“Controlling Class” or the duly appointed representative of the holders of such Certificates or such other party that
the Note A-1 Holder grants the right to exercise the rights granted to the Directing Holder in this Agreement; provided,
that if at any time 50% or more of Note A-1 (or the Certificates issued in connection with the Securitization of Note A-1 representing
the specified interest in the class of Certificates designated as the “Controlling Class”) is held by a Borrower Party,
the Holder of Note A-2 (or, if Note A-2 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-2 Holder grants the
right to exercise the rights granted to the Directing Holder in this Agreement) shall be the Directing Holder; provided,
further, that if at any time 50% or more of each of Note A-1 and Note A-2 (or, in each case, the Certificates issued in
connection with the Securitization of such Note representing the specified interest in the class of Certificates designated as
the “Controlling Class”) is held by a Borrower Party, there shall be deemed to be no Directing Holder.

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

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

“Excluded
Amounts” shall mean:

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

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

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

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

    	 	-4-	 

     

    

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

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

“Holder”
shall mean each of the Note A-1 Holder and the Note A-2 Holder.

“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 Holder” shall mean each of the Initial Note A-1 Holder and the Initial Note A-2 Holder (each as defined in the preamble
to 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 or Note A-2 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 Note A-2 Securitization Date and prior to the Note A-1 Securitization Date, Note A-2; and

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

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

“Lead Securitization”
shall mean:

(i) during the period
from and after the Note A-2 Securitization Date and prior to the Note A-1 Securitization Date, the Note A-2 Securitization; and

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

    	 	-5-	 

     

    

“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 Note A-2 Securitization Date and prior to the Note A-1 Securitization Date, the Note A-2 PSA; and

(ii) immediately upon
the occurrence of and following the Note A-1 Securitization Date, the Note A-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 but should also
include any action described in clause (xiv) below; provided, however, that provided that, at any time that none of Note A-1 or
Note A-2 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;

(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;

    	 	-6-	 

     

    

(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.

“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 

    	 	-7-	 

     

    

“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 and Note A-2.

“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, 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 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.

    	 	-8-	 

     

    

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

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

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

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

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

    	 	-9-	 

     

    

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

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

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

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

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

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

“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.

“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 PSA and the Note
A-2 PSA.

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

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

“Permitted
Fund Manager” shall mean any Person (a) listed on Exhibit C attached hereto or (b) that on the date
of determination is (i) a Qualified Transferee or any other nationally-recognized manager of investment funds investing in
debt or equity interests relating

    	 	-10-	 

     

    

 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 PSA and Note A-2 PSA.

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

    	 	-11-	 

     

    

“Qualified
Transferee” shall mean an Affiliate of AREF or Citi, 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

(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’

    	 	-12-	 

     

    

 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 A-1 PSA and the
Note A-2 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

    	 	-13-	 

     

    

 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 S&P Global Ratings, and its successors in interest.

“Securitization”
shall mean each of the Note A-1 Securitization and the Note A-2 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.

“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 servicing agreement currently
in effect between Citi Real Estate Finance Inc., as owner, and Midland Loan Services, a Division of PNC Bank, National Association,
as servicer, and any replacement servicing agreement entered into with any successor interim servicer appointed by the Note A-1
Holder, and (b) following the occurrence of the Lead Securitization, the applicable Lead Securitization Servicing Agreement; provided
that in the event the Lead Note is no longer an asset of the trust fund created pursuant to the Servicing Agreement, the term “Servicing
Agreement” shall refer to the subsequent servicing agreement entered into pursuant to Section 2.

    	 	-14-	 

     

    

“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 Principal Balance and the Note A-2 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 Principal Balance and the Note A-2 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 $5,000 per month).

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

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

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

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

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

Section 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.

    	 	-15-	 

     

    

(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).

(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.

    	 	-16-	 

     

    

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

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

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

Section 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.

    	 	-17-	 

     

    

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.

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

Section 5.               
Accounts; Payment Procedure. The Servicing Agreement shall provide that the Master Servicer shall establish and maintain
the Collection Account or Collection Accounts, as applicable. Each of the Note A-1 Holder and the Note A-2 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

    	 	-18-	 

     

    

 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.

Section 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).

Section 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 (or, in connection with a new Holder following a Transfer, as
of the date of such Transfer):

(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.

    	 	-19-	 

     

    

(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.

Section 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 (if applicable) its respective Note. Each
Holder hereby acknowledges that the other Holders shall have no responsibility for (i) the collectability of the Mortgage
Loan, (ii) the validity, enforceability or legal effect of any of the Mortgage Loan Documents or the title insurance policy
or policies or any survey furnished or to be furnished in connection with the origination of the Mortgage Loan, (iii) the
validity, sufficiency or effectiveness of the lien created or to be created by the Mortgage Loan Documents, or (iv) the financial
condition of the Borrower.

Section 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.

Section 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.

Section 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.

    	 	-20-	 

     

    

Section 12.           
Transfer of Notes. (a)  Each Holder may Transfer up to 49% (in the aggregate, taking into account all prior
transfers) 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% (in the aggregate, taking into account all prior transfers) 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, (iii) such Transfer is to a Qualified Transferee or (iv) such Transfer is in connection with a sale by a
Securitization Trust, provided that if such Transfer is of the Lead Note, such Transfer is to a Qualified Transferee. Any such
transferee (except in the case of Transfers that are made in connection with a Securitization) hereby assumes the obligations of
the transferring Holder hereunder and agrees to be bound by the terms and provisions of this Agreement and the Servicing Agreement
and remakes each of the representations and warranties contained herein for the benefit of the other Holders. Notwithstanding the
foregoing, without the non-transferring Holder’s prior consent (which will not be unreasonably withheld), and, if such non-transferring
Holder’s Note is in a Securitization, without a Rating Agency Confirmation from each Rating Agency that has been engaged
by the Depositor to rate the securities issued in connection with such Securitization, no Holder shall Transfer all or any portion
of its Note to 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

    	 	-21-	 

     

    

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 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

    	 	-22-	 

     

    

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.

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

(b)              
The Lead Servicer and the Trustee for the Lead Securitization shall not have any fiduciary duty to 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

    	 	-23-	 

     

    

(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 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

    	 	-24-	 

     

    

 provisions of the Code or any regulations promulgated thereunder, including, without limitation, the provisions of Section
2(g) of this Agreement.

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

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

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

    	 	-25-	 

     

    

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.

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

Section 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

    	 	-26-	 

     

    

 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.

(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.

Section 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 PSA and the Note A-2 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

    	 	-27-	 

     

    

 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 PSA and the Note A-2 PSA shall each be entitled to make their own recoverability determination
with respect to a P&I Advance based on the information that they have on hand and in accordance with the Note A-1 PSA and the
Note A-2 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.

Section 18.           
Provisions Relating to Securitization. (a)  For so long as any Note Holder (each, a “Resizing
Entity”) is the owner of any Note that is not included in a Securitization (each, an “Owned Note”),
such Resizing Entity 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 each case, as applicable “New Notes”) reallocating the principal
an Owned Note to such New Notes; reducing the Mortgage Interest Rates of 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 balance of Owned Note prior to such amendments, (ii) all New Notes continue to
have the same or a lower interest rate as the Notes prior to such amendments, (iii) all New Notes pay pro rata and
on a pari passu basis and such reallocated or component notes shall be automatically subject to the terms of this Agreement
and (iv) the Resizing Entity holding the New Notes shall notify the other Note Holders, and to the extent applicable, the
Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee in writing of such modified allocations and
principal amounts. If the Lead Note Holder so requests, the Resizing 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, 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

    	 	-28-	 

     

    

 foregoing
(provided the conditions set forth in clauses (i) through (iv) above are satisfied, with respect to clauses (i)
through (iv), as certified by the Resizing 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 Holders, as applicable, solely for the purpose of reflecting such reallocation of principal and that each New Note shall
be a “Note” hereunder and for purposes of adding and modifying any definitions related thereto. Rating Agency Confirmation
shall not be required for any amendments to this Agreement required to facilitate the terms of this paragraph 18(a).

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

    	 	-29-	 

     

    

 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, (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, and/or (iv) any Deficient Exchange Act Deliverable regarding, and delivered by or on behalf of, such party.

(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 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

    	 	-30-	 

     

    

 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
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 Depositor 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 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

    	 	-31-	 

     

    

 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;

(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

    	 	-32-	 

     

    

 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 reports, notices and other materials required in order for such Non-Lead Note Holder and the applicable
Depositor to timely comply with its obligations under the Exchange Act, and the rules and regulations thereunder. 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 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

    	 	-33-	 

     

    

 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)           
have provisions materially consistent with those set forth in the GS Mortgage Securities Trust 2019-GC40 Pooling and Servicing
Agreement with respect to:

(A) the authority
of the servicers 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;

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

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

(D) subject
to various adjustments and caps provided for in the Lead Securitization PSA (which shall be substantially similar to those set
forth in the GS Mortgage Securities Trust 2019-GC40 PSA), primary servicing fee, special servicing, workout and liquidation fees
(and, in any event, the fees at which such compensation accrue or are determined shall not exceed 0.0300%, 0.25%, 1.00% and 1.00%,
respectively), provided, however, that (1) this clause (xix) 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 certificate holder or investor voting or consent thresholds, or to prohibit or restrict additional approval, consent,
consultation, notice or rating agency confirmation requirements; and (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.

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

(c)               
Each Non-Lead Note Holder agrees that it shall cause the related Non-Lead Securitization Servicing Agreement to provide
as follows (and to the extent such following provisions are not included in 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,

    	 	-34-	 

     

    

 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);

(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;

    	 	-35-	 

     

    

(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); and

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

(d)              
Each Initial Note Holder shall:

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

(B) 
send to each other Holder and the parties to 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).

Section 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

    	 	-36-	 

     

    

 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.

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

Section 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.

Section 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.

Section 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.

Section 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.

Section 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

    	 	-37-	 

     

    

 mortgagee of record with respect to the Mortgage Loan. Prior to the Lead Securitization, Argentic Real
Estate Finance LLC shall be the mortgagee of record for the benefit of all of the Holders.

[NO FURTHER TEXT ON THIS PAGE]

    	 	-38-	 

     

    

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.

 

 

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

 

 

Co-Lender Agreement– Center of Excellence

    	 	 	 

     

    

 

	 	ARGENTIC REAL ESTATE FINANCE LLC, as Initial Note A-2 Holder
	 	 
	 	 
	 	By: Argentic Investment Management LLC,
	 	Its Investment Manager
	 	 
	 	 
	 	By:	/s/ Michael Schulte
	 	 	Name: Michael Schulte
	 	 	Title: Authorized Signatory
	 	 	 

 

Co-Lender Agreement– Center of Excellence

    	 	 	 

     

    

EXHIBIT A

MORTGAGE LOAN SCHEDULE

Description of Mortgage Loan

	Mortgage Loan Borrower:	COE Bridgewater LLC
	Date of Mortgage Loan:	August 1, 2019
	Date of Notes:	August 1, 2019
	Original Principal Amount of Mortgage Loan:	$91,200,000
	Principal Amount of Mortgage Loan as of the date hereof:	$91,200,000
	Initial Note A-1 Principal Balance:	$54,720,000
	Initial Note A-2 Principal Balance:	$36,480,000
	Location of Mortgaged Property:	Bridgewater, New Jersey
	Initial Maturity Date:	August 6, 2029

    	 	A-1	 

     

    

EXHIBIT B

 

		I.	Initial Note A-1 Holder:

(Prior to Securitization of Note A-1):

Citi Real Estate Funding Inc.

390 Greenwich Street, 7th Floor

New York, New York 10013

Attention: Ana Rosu Marmann

Facsimile No.: (646) 328-2938

 

with a copy to:

 

Citi Real Estate Funding Inc.

390 Greenwich Street, 5th Floor

New York, New York 10013

Attention: Raul Orozco

Facsimile No.: (347) 394-0898

Email: raul.d.orozco@citi.com

 

Citi Real Estate Funding Inc.

390 Greenwich Street, 7th Floor

New York, New York 10013

Attention: Richard Simpson

Facsimile No.: (646) 328-2943

Email: richard.simpson@citi.com

 

Attention: Ryan M. O’Connor

Facsimile No.: (646) 328-2943

Email: ryan.m.oconnor@citi.com

 

Sidley Austin LLP

787 Seventh Avenue

New York, New York 10019

Attention: Joseph Kelly and Charles Schrank

Facsimile No.: (212) 839-5599

Email: jkelly@sidley.com and cschrank@sidley.com

 

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

 

II.            Initial
Note A-2 Holder:

 

(Prior to Securitization of Note A-2):

 

    	 	B-1	 

     

    

 

Argentic Real Estate Finance LLC

40 West 57th Street, 29th Floor

New York, New York 10019

Attention: Michael Schulte

 

with a copy to:

 

Kelley Drye & Warren LLP

101 Park Avenue

New York, New York 10178

Attention: Melissa Gelade

Facsimile No.: (212) 808-7897

Email: MGelade@KelleyDrye.com

 

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

 

    	 	B-2	 

     

    

EXHIBIT C

PERMITTED FUND MANAGERS

	1.	AllianceBernstein
	2.	Angelo, Gordon & Co., L.P.
	3.	Annaly Capital Management
	4.	Apollo Real Estate Advisors
	5.	Archon Capital, L.P.
	6.	Ares Capital Management LLC
	7.	Artemis Real Estate Partners
	8.	Barings LLC
	9.	Basis Investment Group LLC
	10.	BlackRock, Inc.
	11.	The Blackstone Group
	12.	Capital Trust
	13.	CBRE Global Investors
	14.	Cerberus Capital Management, L.P.
	15.	Clarion Partners, LLC
	16.	Colony Capital, Inc.
	17.	Davidson Kempner Capital Management LP
	18.	Delaware Life Insurance Co.
	19.	DLJ Real Estate Capital Partners
	20.	Dune Real Estate Partners
	21.	Eightfold Real Estate Capital, L.P.
	22.	Fortress Investment Group, LLC
	23.	HPS Investment Partners, LLC
	24.	Hudson Advisors
	25.	iStar Financial Inc.
	26.	JER Partners
	27.	Land-Lease Real Estate Investments
	28.	Lonestar Opportunity Funds
	29.	Morrison Street Capital, LLC
	30.	Normandy Real Estate Partners
	31.	One William Street Capital Management, L.P.
	32.	Praedium Group
	33.	Prima Capital Advisors LLC
	34.	Raith Capital Partners
	35.	Rialto Capital Management LLC
	36.	Rialto Capital Advisors LLC
	37.	Rockwood
	38.	RREEF Funds
	39.	Sound Point Capital Management, LP
	40.	Starwood Financial Trust
	41.	Starwood Property Trust
	42.	Terra Capital Partners
	43.	Torchlight Investors, LLC
	44.	Varadero Capital, L.P.
	45.	Walton Street Capital, LLC
	46.	Westbrook Partners
	47.	Whitehall Street Real Estate Fund, L.P.

    	 	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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