Document:

Exhibit 4.17

 

EXECUTION
VERSION

 

 

AGREEMENT
BETWEEN NOTEHOLDERS

 

Dated
as of December 12, 2019 by and among

 

CITI
REAL ESTATE FUNDING INC.

(Initial Note A Holder)

 

and

 

CITI
REAL ESTATE FUNDING INC.

(Initial Subordinate Noteholder)

 

805
Third Avenue

 

     

     

    

THIS
AGREEMENT BETWEEN NOTEHOLDERS, dated as of December 12, 2019 by and between CITI REAL ESTATE FUNDING INC. (together with its successors
and assigns in interest, “CREFI”), a New York limited partnership (in its capacity as initial owner of Note
A-1, Note A-2, Note A-3 and Note A-4, the “Initial Note A Holder”, and in its capacity as the initial agent,
the “Initial Agent”), and CREFI (in its capacity as initial owner of Note B, the “Initial Subordinate
Noteholder” and together with the Initial Note A Holder, the “Initial Noteholders”).

 

W
I T N E S S E T H:

 

WHEREAS,
pursuant to the Mortgage Loan Agreement (as defined herein), CREFI 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 one promissory note in the original principal amount of $275,000,000 made by the Mortgage Loan Borrower in favor
of the Initial Noteholder (the “Original Note”).

 

WHEREAS,
CREFI and the Mortgage Loan Borrower have agreed, pursuant to that certain Note Splitter and Loan Agreement Modification Agreement,
dated as of December 12, 2019 between such parties, to split the Original Note into five promissory notes and the Mortgage Loan
Borrower has executed and delivered to CREFI (i) four promissory notes designated as Note A-1, Note A-2, Note A-3 and Note A-4,
in the respective original principal amounts of $50,000,000, $50,000,000, $40,000,000 and $10,000,000 (each as amended, modified
or supplemented, a “Note”) and made by the Mortgage Loan Borrower in favor of the Initial Note A Holder and
(ii) one promissory note designated as Note B, in the original principal amount of $125,000,000 (each as amended, modified or
supplemented, a “Note”) and made by the Mortgage Loan Borrower in favor of the Initial Note B Holder;

 

WHEREAS,
each Note shall be referred to herein by its “Note Designation” as set forth in the chart below;

 

	Note
Designation
	Original
Principal Balance

	Note
    A-1 	$50,000,000
	Note
    A-2 	$50,000,000
	Note
    A-3 	$40,000,000
	Note
    A-4 	$10,000,000
	Note
    B 	$125,000,000

 

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.

 

“A
Note(s)” shall mean each Note that has a designation starting with “A”, either individually or in the aggregate
as the context may require.

 

“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.

 

“Additional
Servicing Expenses” shall mean (a) all Servicing Advances, fees and/or expenses incurred by and reimbursable to any
Servicer, Trustee, Operating Advisor, certificate administrator or fiscal agent pursuant to the Servicing Agreement relating solely
to the Mortgage Loan, and (b) all interest accrued on Advances made by (x) any Servicer or Trustee in accordance with the terms
of the Servicing Agreement or (y) any Non-Lead Servicer or Non-Lead Trustee in accordance with the terms of the Non-Lead Securitization
Servicing Agreement; provided that (i) the aggregate special servicing fee (or equivalent) (which fee is payable solely
during the period that the Mortgage Loan is a Specially Serviced Mortgage Loan) shall not exceed an amount equal to 0.25% per
annum of the outstanding principal balance of the Mortgage Loan, (ii) the special servicing liquidation fee (or equivalent) shall
not exceed 1.0% of the collections made with respect to the Mortgage Loan or any sums received from proceeds from the disposition
of the Mortgaged Property or the Mortgage Loan, as the case may be, (iii) the special servicing workout fee (or equivalent) shall
not exceed 1.0% of the collections made with respect to the Mortgage Loan while the Mortgage Loan is a performing or “corrected”
loan (or such other analogous term pursuant to the Servicing Agreement), (iv) in no event shall both a workout fee and a liquidation
fee be payable on the same principal payment.

 

“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,
twenty-five percent (25%) 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, twenty-five percent (25%) or more of the beneficial interests; provided,
however, that with respect to any reference in this Agreement to an “Affiliate” (a) of the Mortgage Loan Borrower,
(b) of a holder of a related mezzanine loan, (c) of the Controlling Noteholder (if the Controlling Noteholder is the Note B Holder),
or (d) in clauses (i), (ii) and (iii) in Section 15 hereof, the applicable percentage in clauses (ii) and (iii) of this definition
shall be ten percent (10%).

 

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“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 Citi Real Estate Funding Inc., 388 Greenwich Street, 6th Floor, New York, New York 10013, Attention: Richard Simpson,
Facsimile number: (646) 328-2943, with an electronic copy emailed to: richard.simpson@citi.com, with copies to: Citi Real Estate
Funding Inc., 390 Greenwich Street, 5th Floor, New York, New York 10013, Attention: Raul Orozco, Facsimile number: (347) 394-0898,
with an electronic copy emailed to: raul.d.orozco@citi.com, and Citi Real Estate Funding Inc., 388 Greenwich Street, 17th Floor,
New York, New York 10013, Attention: Ryan M. O’Connor, Facsimile number: (646) 862-8988, with an electronic copy emailed
to: ryan.m.oconnor@citi.com, 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.

 

“Appraiser”
shall have the meaning assigned to such term 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 a 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.

 

“B
Note(s)” shall mean each Note that has a designation starting with “B”, either individually or in the aggregate
as the context may require.

 

“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.

 

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“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 Collection
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 16(f).

 

“Conduit
Credit Enhancer” shall have the meaning assigned to such term in Section 16(f).

 

“Conduit
Inventory Loan” shall have the meaning assigned to such term in Section 16(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.

 

“Control
Appraisal Period” A “Control Appraisal Period” shall exist with respect to the Mortgage Loan, if and for
so long as:

 

(a)       (1)
the initial Principal Balance of the B Note set forth on the Mortgage Loan Schedule minus (2) the sum (without duplication) of
(x) any payments of principal (whether as principal prepayments or otherwise) allocated to, and received on, the B Note after
the date of its creation, (y) any Appraisal Reduction Amount for the Mortgage Loan that is allocated to such B Note and (z) any
losses realized with respect to the Mortgaged Property or the Mortgage Loan that are allocated to the B Note, is less than

 

(b)       25%
of the remainder of (i) the initial Principal Balance of the B Note set forth on the Mortgage Loan Schedule less (ii) any payments
of principal (whether as

 

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principal prepayments or otherwise) allocated to, and received by, the Subordinate Noteholder after the
date of its creation.

 

“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:

 

(i)       the
holder or holders of a majority of the B Note (by Principal Balance) (the “Majority B Noteholder”), unless
a Control Appraisal Period has occurred and is continuing; or

 

(ii)       if
a Control Appraisal Period has occurred and is continuing, the holder or holders of a majority of the Lead Securitization Noteholder;

 

provided
that, if the Majority B Noteholder would be the Controlling Noteholder pursuant to the terms hereof, but any interest in B
Note is held by the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party, or the Mortgage Loan Borrower or Mortgage
Loan Borrower Related Party would otherwise be entitled to exercise the rights of the Controlling Noteholder, a Control Appraisal
Period shall be deemed to have occurred. 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.

 

“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.

 

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

 

“Initial
Noteholder” as to any Note shall mean either the Initial Note A Holder or the Initial Subordinate Noteholder as is designated
the “Holder” in the table set forth in the preamble to this Agreement.

 

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

 

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

 

“Insolvency
Proceeding” shall mean any proceeding under Title 11 of the United States Code (11 U.S.C. Sec. 101 et seq.) or any other
insolvency, liquidation, reorganization or other similar proceeding concerning the Mortgage Loan Borrower, any action for the
dissolution of the Mortgage Loan Borrower, any proceeding (judicial or otherwise) concerning the application of the assets of
the Mortgage Loan Borrower for the benefit of its creditors, the appointment of or any proceeding seeking the appointment of a
trustee, receiver or other similar custodian for all or any substantial part of the assets of the Mortgage Loan Borrower or any
other action concerning the adjustment of the debts of the Mortgage Loan Borrower, the cessation of business by the Mortgage Loan
Borrower, except following a sale, transfer or other disposition of all or substantially all of the assets of the Mortgage Loan
Borrower in a transaction permitted under the Mortgage Loan Documents; provided, however, that following any such
permitted transaction affecting the title to the Mortgaged Property, the Mortgage Loan Borrower for purposes of this

 

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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, a Non-Lead Master Servicer, the Special
Servicer, a Non-Lead Special Servicer, a 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, a Non-Lead Operating Advisor, the Controlling
Noteholder, the Junior Operating Advisor, 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.

 

“Interim
Servicing Agreement” shall mean that certain interim servicing agreement to be negotiated in good faith between the
parties hereto after the date hereof. Until such time as the parties hereto execute an Interim Servicing Agreement, the Noteholders
shall cause the Mortgage Loan to be serviced by in accordance with this Agreement and the customary and usual servicing practices
of originators of commercial mortgage loans intended to be securitized.

 

“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.

 

“Junior
Operating Advisor” shall mean, with respect to the Mortgage Loan, the advisor appointed pursuant to Section 5(a).

 

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

 

“Lead
Securitization” shall mean shall mean the sale by the Noteholder of the A-1 Note 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.

 

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“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 (taking into account that the Subordinate Note is junior to the
A Notes as and to the extent provided herein).

 

“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 none of the Notes is 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 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);

 

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(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, 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

 

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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 Material Lease (as defined in the
Mortgage Loan Agreement).

 

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

 

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

 

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

 

“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 June 28, 2019, between the Mortgage Loan Borrower, as borrower,
and the Initial Noteholders, 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 15.

 

“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.

 

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

 

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

 

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

 

“Non-Lead
Securitization Noteholder” shall mean each Note A Holder other than the Lead Securitization Note, provided that
at any time an 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 related “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 related 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 related 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.

 

    12

     

    

 

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

 

“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 “Non-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
Servicer” shall mean, in respect of any Non-Lead Securitization Note, the related Non-Lead Master Servicer or related
Non-Lead Special Servicer, as applicable.

 

“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
Servicing 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
A Holder(s)” shall mean the Noteholder(s) of A Notes.

 

“Note
B” shall mean Note B referenced in the recitals.

 

“Note
Pledgee” shall have the meaning assigned to such term in Section 16(e).

 

“Note
Register” shall have the meaning assigned to such term in Section 18.

 

“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.

 

    13

     

    

 

“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.

 

“Permitted
Fund Manager” shall mean any Person that on the date of determination is (i) one of the entities on Exhibit C
attached hereto and made a part hereof or any other nationally-recognized manager of investment funds investing in debt or equity
interests relating to commercial real estate, (ii) investing through a fund 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 16(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 Sections 3
or Section 4, as applicable.

 

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

 

“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)

 

    14

     

    

 

(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 clauses (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, and

 

(vi)    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 $500,000,000 in total

 

    15

     

    

 

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) above, the requirements of this clause (y) may
be satisfied by a general partner, managing member, or the fund manager responsible for the day-to-day management and operation
of such entity, or

 

(vii)    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

 

(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.

 

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 a Non-Lead Depositor to rate the securities issued
in connection with the Securitization of any A Note; provided, however, that, at any time during which any A 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 such 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.

 

    16

     

    

 

“Redirection
Notice” shall have the meaning assigned to such term in Section 16(e).

 

“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

 

    17

     

    

 

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 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.

 

“Reverse
Sequential Order” shall mean (a) first, to the reduction of the Principal Balance of Note B, until the Principal
Balance of Note B is reduced to zero; and (b) second, to the reduction of the Principal Balance of each of the A Notes,
on a Pro Rata and Pari Passu Basis, until the Principal Balance of each such Note is reduced to zero.

 

“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 an 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 an A Note is held.

 

“Sequential
Order” shall mean (a) first, to the reduction of the Principal Balance of each of A Note, on a Pro Rata and Pari
Passu Basis, until the Principal Balance of each such Note is reduced to zero; and (b) second, to the reduction of the
Principal Balance of Note B, until the Principal Balance of such Note is reduced to zero.

 

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

 

“Servicing
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.

 

“Servicing
Agreement” shall mean, with respect to the Mortgage Loan, prior to the Note A-1 Securitization Date, the Interim Servicing
Agreement, and, from and after the Note A-1 Securitization Date, 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.

 

“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.

 

“Subordinate
Note” shall mean the B Note.

 

“Subordinate
Noteholder(s)” or “Note B Holder(s)” shall mean the Noteholder(s) of the B Note.

 

“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.

 

    19

     

    

 

“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 16(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.

 

“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

 

    20

     

    

 

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)       Each
Subordinate Noteholder shall only be entitled to exercise any rights of the “directing holder”, controlling or consulting
class, “controlling class representative” or any analogous class or holder of Loan Specific Certificates (as defined
in the Lead Securitization Servicing Agreement) under the Servicing Agreement except to the extent such Subordinate Noteholder
is given such rights expressly under the terms of this Agreement or the Servicing Agreement in its capacity as the Controlling
Noteholder, and in no event may any such “directing holder”, controlling or consulting class or analogous class or
holder of certificates backed solely by A Notes under the Servicing Agreement have any of the rights of the Controlling Noteholder
hereunder except during a Control Appraisal Period.

 

(c)       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 Servicing Advances with respect to the
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 each Non-Lead
Master Servicer and each 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 Servicing 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 Servicing 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 each Non-Lead Securitization
as provided below. The Master

 

    21

     

    

 

Servicer, the Special Servicer and the Trustee, as applicable, will be entitled to reimbursement
for Advance Interest Amounts on a Servicing Advance or a Nonrecoverable Servicing 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 Servicing 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 Servicing Advance or any Advance Interest Amounts on a Servicing
Advance or a Nonrecoverable Servicing 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 Servicing Advance or Advance Interest Amounts.
If the Master Servicer determines that a proposed principal and interest Advance with respect to the Lead Securitization Note
or Servicing Advance with respect to the Mortgage Loan, if made, or any outstanding principal and interest Advance or Servicing
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 the Master Servicer delivered to the Special Servicer or Trustee 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 Note A Holders 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 Note A Holders, 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
(i) (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).

 

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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 Servicing Advance would be non-recoverable or an outstanding Servicing
Advance is or would be non-recoverable, then the Master Servicer or the Trustee (as provided in the Lead Securitization Servicing
Agreement, in the case of a determination of non-recoverability by the Master Servicer, the Special Servicer or the Trustee) or
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 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.

 

(d)       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

 

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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.

 

(e)       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.

 

(f)       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;

 

(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 (viii) 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,

 

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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.

 

(g)       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 Servicing 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 Servicing 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

 

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Securitization Servicing Agreement for such Non-Lead Securitization
Noteholder’s pro rata share of any such Nonrecoverable Servicing 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 Servicing 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;

 

(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, the Operating Advisor and the Subordinate Noteholder (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; and

 

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

 

(h)       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) not less than three (3) Business Days prior to the applicable pricing date for the Lead Securitization, together with
contact information for each of the parties to the Lead Securitization Servicing Agreement; 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).

 

(i)       The
Servicing Agreement shall provide that compensating interest payments as defined therein with respect to any A Notes will be allocated
by the Master Servicer between the A 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.

 

(j)       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.

 

(k)      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

  

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not received, the documents from the master servicer, special servicer and custodian
for the applicable Non-Lead Securitization).

 

Section
3. Subordination of the Subordinate Note; Payments. The Subordinate Note and the rights of the Subordinate Noteholder
to receive payments of interest, principal and other amounts with respect to such Subordinate Note shall at all times be junior,
subject and subordinate to the A Notes and the Note A Holders to receive payments of interest, principal and other amounts with
respect to such A Notes as set forth herein. 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 Monthly 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 Note A Holders
to such parties out of distributions made to them in respect of such A Note, respectively), 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 Note A Holder in an amount equal to the accrued and unpaid interest on the Principal
Balance for each A 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 A, to each Note A Holder in an amount
equal to the principal payments received, if any, with respect to such Monthly Payment Date with respect to the Mortgage Loan,
until such Principal Balance for each A Note has been reduced to zero;

 

(c)       third,
on a Pro Rata and Pari Passu Basis, to each Note A Holder up to the amount of any unreimbursed costs and expenses paid by such
Note A Holder including any unreimbursed trust fund expenses not previously reimbursed to such Note A Holder (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 Note A Holder in an amount up to its pro rata interest therein, based on the product of the Note A Percentage Interests multiplied
by its Relative Spread;

 

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(e)       fifth,
to the Note B Holder in an amount equal to the accrued and unpaid interest on the Principal Balance for Note B at the applicable
Net Interest Rate;

 

(f)       sixth,
to the Note B Holder in an amount equal to all remaining principal payments received, if any, with respect to such Monthly Payment
Date with respect to the Mortgage Loan, until the Principal Balance for Note B has been reduced to zero;

 

(g)       seventh,
any Prepayment Premium, to the extent paid by the Mortgage Loan Borrower, shall be paid to the Note B Holder in an amount up to
its pro rata interest therein, based on the product of the Note B Percentage Interest multiplied by its Relative Spread;

 

(h)      eighth,
if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed the amounts required
to be applied in accordance with the foregoing clauses (a)-(g) and, as a result of a Workout the Principal Balance for Note B
has been reduced, such excess amount shall be paid to the Note B Holder in an amount up to the reduction, if any, of the Principal
Balance for Note B as a result of such Workout, plus interest on such amount at the related Net Interest Rate;

 

(i)        ninth,
to the extent assumption or transfer fees actually paid by the Mortgage Loan Borrower are not required to be otherwise applied
under the Servicing Agreement, including, without limitation, to provide reimbursement for interest on any Advances, to pay any
Additional Servicing Expenses or to compensate a Servicer (in each case provided that such reimbursements or payments relate to
the Mortgage Loan), any such assumption or transfer fees, to the extent actually paid by the Mortgage Loan Borrower, shall be
paid to each Note A Holder and the Note B Holder, pro rata, based on their respective Percentage Interests; and

 

(j)       tenth,
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)-(i), any remaining amount shall be paid pro rata to each Note A Holder and the Note B Holder 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, Servicing Advances, Advance Interest Amounts, Special Servicing Fees, Liquidation Fees and Workout Fees, Appraisal
Reduction Amounts and certain other trust expenses, shall be allocated in Reverse Sequential Order. Any realized losses (including
reductions by a bankruptcy court) applied to reduce the principal balance of the Mortgage Loan shall be reimbursed in Sequential
Order 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

 

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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 including the rights of a Subordinate Noteholder in its capacity as the Controlling Noteholder to
consent to the Major Decisions set forth in this 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
and the Subordinate 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 or Subordinate Noteholder, as applicable, 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 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 and be accompanied by a refundable deposit of cash in an amount equal to 5% of the
offer amount (subject to a cap of $2,500,000). Whether any cash offer constitutes a fair price for such Notes shall be determined
by the Trustee; 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

 

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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,
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

 

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Mortgage Loan in accordance with the terms of this Agreement, including without limitation, the rights of the Subordinate
Noteholder set forth in Section 4(f) below 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 (it being understood that the interests of the Subordinate Noteholder
is subordinate to the interests of the Note A Holders subject to the terms and conditions of this Agreement, including without
limitation the rights of the Controlling Noteholder), and any Subordinate 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.
The foregoing provisions of this Section 4(b) shall not limit or modify the rights of the Controlling Noteholder and/or
the Junior Operating Advisor to exercise their respective rights specifically set forth under this 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, Sections 4(f) and 5), 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 Rate
or increase in scheduled amortization payments) is made to any of the terms of the Mortgage Loan, all payments to the Note A Holders
and Subordinate Noteholder pursuant to Section 3 shall be made as though such Workout did not occur, with the payment terms
of each Note A remaining the same as they are on the date hereof, 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 Subordinate Noteholder, and then,
by the Note A Holders (pro rata based on the Principal Balances of their respective Notes), in that order, in each case
up to the amount otherwise due on such Note(s). Subject to the Servicing Agreement and this Agreement (including without limitation
Sections 4(f) and 5), in the case of any modification or amendment described above, the Lead Securitization Noteholder
will have the sole authority and ability to revise the payment provisions set forth in Section 3 above in a manner that
reflects the subordination of the B Notes to the A Notes with respect to the loss that is the result of such amendment or modification,
including: (i) the ability to increase the Percentage Interest of an A Note, to increase or reduce, as applicable, the Percentage
Interest of a B Note in a manner that reflects a loss in principal as a result of such amendment or modification and (ii) the
ability to change the Interest Rate applicable to a Note in order to reflect a reduction in the Interest Rate of the Mortgage
Loan but shall not be permitted to change the order of the clauses set forth in Section 3 hereof. Notwithstanding the foregoing,
if any Workout, modification or amendment of the Mortgage Loan extends the original maturity date of the Mortgage Loan, for purposes
of this paragraph, the Balloon Payment will be deemed not to be due on the original maturity date of the Mortgage Loan but will
be deemed due on the extended maturity date of the Mortgage Loan.

 

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(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 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 clauses (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 (or its Junior Operating Advisor)

 

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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 (or its Junior Operating Advisor) 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
(or its Junior Operating Advisor) 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 (or its Junior Operating Advisor) 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 (or its Junior Operating Advisor), 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 (or its Junior Operating Advisor) 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 (or its Junior Operating Advisor) 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 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

 

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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. Appointment of Junior Operating Advisor.

 

(a)       The
Controlling Noteholder shall have the right at any time to appoint a controlling noteholder representative to exercise its rights
hereunder (the “Junior Operating Advisor”). The Controlling Noteholder shall have the right in its sole discretion
at any time and from time to time to remove and replace the Junior Operating Advisor. When exercising its various rights under
Section 4 and elsewhere in this Agreement, the Controlling Noteholder may, at its option, in each case, act through the
Junior Operating Advisor. The Junior Operating Advisor may be any Person (other than the Mortgage Loan Borrower, its principal
or any Affiliate of the Mortgage Loan Borrower), including, without limitation, the Controlling Noteholder, any officer or employee
of the Controlling Noteholder, any Affiliate of the Controlling Noteholder or any other unrelated third party. No such Junior
Operating Advisor shall owe any fiduciary duty or other duty to any other Person (other than the Controlling Noteholder). All
actions that are permitted to be taken by the Controlling Noteholder under this Agreement may be taken by the Junior Operating
Advisor acting on behalf of the Controlling Noteholder and other Noteholders (and any Servicer) will accept such actions of the
Junior Operating Advisor as actions of the Controlling Noteholder. The Lead Securitization Noteholder (or any Servicer on its
behalf) shall

 

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not be required to recognize any Person as a Junior Operating Advisor until the Controlling Noteholder has notified
the Lead Securitization Noteholder (and any Servicer) of such appointment and, if the Junior Operating Advisor is not the same
Person as the Controlling Noteholder, the Junior Operating Advisor provides the Lead Securitization Noteholder (and any Servicer)
with written confirmation of its acceptance of such appointment, an address, any fax number and any email address for the delivery
of notices and other correspondence and a list of officers or employees of such person with whom the parties to this Agreement
may deal (including their names, titles, work addresses, telephone numbers, any fax numbers and any email addresses). The Controlling
Noteholder shall promptly deliver such information to any Servicer. None of the Servicers, Operating Advisor and Trustee shall
be required to recognize any person as a Junior Operating Advisor until they receive such information from the Controlling Noteholder.
The Controlling Noteholder agrees to inform each such Servicer or Trustee of the then-current Junior Operating Advisor.

 

(b)       Neither
the Junior Operating Advisor nor the Controlling Noteholder will have any liability to any other Noteholder or any other Person
for any action taken, or for refraining from the taking of any action pursuant to this Agreement or the Servicing Agreement, or
for errors in judgment, absent any loss, liability or expense incurred by reason of its willful misfeasance, bad faith or gross
negligence. The Noteholders agree that the Junior Operating Advisor and the Controlling Noteholder may take or refrain from taking
actions that favor the interests of one Noteholder over any other Noteholder, and that the Junior Operating Advisor may have special
relationships and interests that conflict with the interests of a Noteholder and, absent willful misfeasance, bad faith or gross
negligence on the part of the Junior Operating Advisor or such Controlling Noteholder, as the case may be, agree to take no action
against the Junior Operating Advisor, such Controlling Noteholder or any of their respective officers, directors, employees, principals
or agents as a result of such special relationships or interests, and that neither the Junior Operating Advisor nor such Controlling
Noteholder will be deemed to have been grossly negligent or reckless, or to have acted in bad faith or engaged in willful misfeasance
or to have recklessly disregarded any exercise of its rights by reason of its having acted or refrained from acting solely in
the interests of any Noteholder.

 

(c)       If
the Lead Securitization Noteholder is the Controlling Noteholder, the Subordinate Noteholder acknowledge and agree all of the
aforementioned rights and obligations of the Controlling Noteholder and the Junior Operating Advisor set forth in Sections
4(f) and this Section 5 shall be exercisable by the Lead Securitization Noteholder (or the applicable Person specified
in the Servicing Agreement) to the extent set forth in the Servicing Agreement.

 

Section
6. Special Servicer. The Controlling Noteholder (or its Junior Operating Advisor), 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 (or its Junior Operating Advisor) 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 and/or Junior Operating Advisor shall
not be liable for any termination or similar fee in connection with the removal of the Special Servicer in accordance with this
Section 6); such termination not be effective unless and

 

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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 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
7. 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

 

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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 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 7
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 7 constitute absolute, unconditional and continuing obligations.

 

Section
8. 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.

 

The
Subordinate Noteholder acknowledges that, subject to the terms and conditions hereof and the obligation of the Lead Securitization
Noteholder (including any Servicer) to comply with, and except as otherwise required by, the Servicing Standard, the Lead Securitization
Noteholder (including any Servicer) may exercise, or omit to exercise, any rights that the Lead Securitization Noteholder may
have under this Agreement and the Servicing Agreement in a manner that may be adverse to the interests of such Subordinate Noteholder
and that the Lead Securitization Noteholder (including any Servicer) shall have no liability whatsoever to such Subordinate Noteholder
in connection with the Lead Securitization Noteholder’s exercise of rights or any omission by the Lead Securitization Noteholder
to exercise such rights other than as

 

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described above; provided, however, that such Servicer must act in accordance
with the Servicing Standard.

 

The
Subordinate Noteholder acknowledges that, subject to the terms and conditions hereof and the obligation of any Non-Lead Securitization
Noteholder (including any Non-Lead Servicer) to comply with, and except as otherwise required by, the Servicing Standard (as if
such standard was applicable to any Non-Lead Securitization Noteholder as a “servicer” thereunder), each Non-Lead
Securitization Noteholder (including any Non-Lead Servicer) may exercise, or omit to exercise, any rights that such Non-Lead Securitization
Noteholder may have under this Agreement and the Servicing Agreement in a manner that may be adverse to the interests of such
Subordinate Noteholder and that any Non-Lead Securitization Noteholder (including any Non-Lead Servicer) shall have no liability
whatsoever to such Subordinate Noteholder in connection with any Non-Lead Securitization Noteholder’s exercise of rights
or any omission by a Non-Lead Securitization Noteholder to exercise such rights other than as described above; provided,
however, that the Non-Lead Servicer must act in accordance with the servicing standard under the Non-Lead Securitization
Servicing Agreement.

 

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
9. 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 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 Subordinate Noteholder and 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

 

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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
10. Representations of the Subordinate Noteholder. The Subordinate Noteholder represents, solely as to itself and
its Subordinate Note, and it is specifically understood and agreed, that it is acquiring such Note for its own account in the
ordinary course of its business and none of the other Noteholders shall have any liability or responsibility to such Subordinate
Noteholder except (i) as expressly provided herein or (ii) for actions that are taken or omitted to be taken by such other Noteholder
that constitute gross negligence or willful misconduct or that constitute a breach of this Agreement. The Subordinate Noteholder
represents and warrants solely as to itself 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 its charter or any law or contractual
restriction binding upon such Subordinate Noteholder, and that this Agreement is the legal, valid and binding obligation of such
Subordinate Noteholder enforceable against such Subordinate Noteholder 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. The Subordinate Noteholder represents and warrants solely as to itself that it is duly organized,
validly existing, in good standing and possesses of all licenses and authorizations necessary to perform its obligations hereunder.
The Subordinate Noteholder represents and warrants as to itself that (a) this Agreement has been duly executed and delivered by
such Subordinate Noteholder, (b) to such Subordinate 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 Subordinate Noteholder have been obtained or made and (c) to such Subordinate Noteholder’s actual
knowledge, there is no pending action, suit or proceeding, arbitration or governmental investigation against such Subordinate
Noteholder, an adverse outcome of which would materially and adversely affect its performance under this Agreement.

 

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

 

The
Subordinate Noteholder expressly and irrevocably waives for itself and any Person claiming through or under such Subordinate Noteholder
any and all rights that it may have under Section 1315 of the New York Real Property Actions and Proceedings Law or the provisions
of any similar law which purports to give a junior loan noteholder the right to initiate any loan enforcement or foreclosure proceedings.

 

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Section
11. 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.

 

Section
12. Independent Analysis of the Subordinate Noteholder. The Subordinate 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 Subordinate Note), and
based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to purchase such
Subordinate Note and such Subordinate Noteholder accepts responsibility therefor. The Subordinate 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. The Subordinate
Noteholder assumes all risk of loss in connection with its Note except as specifically set forth herein.

 

Section
13. 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

 

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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
14. Not a Security. No Subordinate 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
15. 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.

 

Section
16. Sale of the Notes.

 

(a)       The
Subordinate Noteholder agrees that it will not Transfer all or any portion of its Note except in accordance with this Section
16. The Subordinate Noteholder shall have the right, without the need to obtain the consent of any other Noteholder or any
other Person, to Transfer 49% or less (in the aggregate) of its interest in its Note to any Person, provided that any such Transfer
shall be made in accordance with the terms of this Section 16. The Subordinate Noteholder shall have the right to Transfer
its entire Note or any portion thereof exceeding 49%, (i) to a Qualified Institutional Lender, provided, that promptly after the
Transfer each Note A Holder is provided with (x) a representation from a transferee or such Subordinate Noteholder certifying
that such transferee is a Qualified Institutional Lender, and (y) a copy of the assignment and assumption agreement referred to
in Section 17 and provided further, that such transfer would not cause such Note to be held by more than five persons nor
cause there to be no one person owning a majority of such Note and (ii) to an entity that is not a Qualified Institutional Lender,
provided that with respect to this clause (ii), such Subordinate Noteholder obtains (1) prior to the Lead Securitization Date,
the consent of the Lead Securitization Noteholder and each other Note A Holder, each such consent not to be unreasonably withheld,
conditioned or delayed, and (2) after the Lead Securitization Date, Rating Agency Confirmation (and for avoidance of doubt, no
consent of the Lead Securitization Noteholder or other Note A Holder shall be required after the closing of the Lead Securitization);
provided that in each of case (1) and (2), (x) promptly after the Transfer each Note A Holder is provided with a copy of
the assignment and assumption agreement referred to in Section 17 and (y) such transfer would not cause the subject Note
to be held by more than five persons; and provided further, however, that if such transfer would cause there to be no one
person owning a majority of the subject Note, then such transfer will not be permitted unless

 

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persons owning a majority of the
subject Note designate one of such persons to act on behalf of such persons owning such majority. If the subject Note is held
by more than one Noteholder at any time, the Majority B Noteholder shall immediately appoint a representative to exercise all
rights of such Subordinate Noteholder hereunder. Notwithstanding the foregoing, without the Lead Securitization Noteholder’s
prior consent, which may be withheld in the Lead Securitization Noteholder’s sole and absolute discretion, no Subordinate
Noteholder shall Transfer all or any portion of its Note to the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party
and any such Transfer shall be absolutely null and void and shall vest no rights in the purported transferee. The Subordinate
Noteholder agrees it will pay the expenses of the Lead Securitization Noteholder (including all expenses of the Master Servicer
and the Special Servicer) and the Non-Lead Securitization Noteholders (including all expenses of the related Non-Lead Master Servicer
and the related Non-Lead Special Servicer) in connection with any such Transfer.

 

(b)       All
Transfers under Section 16(a) shall be made upon written notice to the Note A Holders not later than the date of such Transfer,
and each transferee shall (i) execute an assignment and assumption agreement whereby such transferee assumes all or a ratable
portion, as the case may be, of the obligations of the applicable Subordinate Noteholder hereunder with respect to its Note from
and after the date of such assignment (or, in the case, of a pledge, collateral assignment or other encumbrance made in accordance
with Section 16(e) by such Subordinate Noteholder of its Note solely as security for a loan to such Subordinate Noteholder
made by a third-party lender whereby such Subordinate Noteholder remains fully liable under this Agreement, on or before the date
on which such third-party lender succeeds to the rights of such Subordinate Noteholder by foreclosure or otherwise, such third-party
lender executes an agreement that such lender shall be bound by the terms and provisions of this Agreement and the obligations
of such Subordinate Noteholder hereunder) and (ii) agree in writing to be bound by the Servicing Agreement, unless the Servicing
Agreement is not then in effect with respect to the Mortgage Loan, in which event the parties will enter into or agree to be bound
by any replacement servicing agreement therefor in accordance with the provisions hereof. Upon the consummation of a Transfer
of all or any portion of a Subordinate Note in accordance with this Agreement, the transferring Person shall be released from
all liability arising under this Agreement with respect to such Subordinate Note (or the portion thereof that was the subject
of such Transfer), for the period after the effective date of such Transfer (it being understood and agreed that the foregoing
release shall not apply in the case of a sale, assignment, transfer or other disposition of a participation interest in the subject
Subordinate Note as described in clause (c) below). In connection with any such permitted transfer of a portion of a Subordinate
Note and for all purposes of this Agreement, each Note A Holder need only recognize the majority holder of such Subordinate Note
for purposes of notices, consents and other communications between such Note A Holders, as applicable, and such majority holder
of the subject Subordinate Note shall be the only Person authorized hereunder to exercise any rights of such Subordinate Noteholder
under this Agreement; provided, however, the majority holder of the subject Subordinate Note may from time to time
designate any other Person as an additional party entitled to receive notices, consents and other communications and/or to exercise
rights on behalf of such Subordinate Noteholder hereunder by delivering written notice thereof to each Note A Holder, and, from
and after delivery of such notice, such designee shall be so authorized hereunder and shall be the only party entitled to receive
such notices, consents and such other communications and/or to exercise such rights.

 

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(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; provided, further, however, that
upon the occurrence of a Control Appraisal Period, the aforesaid delegation of rights shall terminate and be of no further force
and effect with respect to a B Note.

 

(d)       Each
of the Note A Holders shall have the right to Transfer all or any portion of its Note without the prior consent of any other Noteholder
(i) with respect to each A Note prior to an Event of Default, to any party other than the Mortgage Loan Borrower or any Mortgage
Loan Borrower Related Party and (ii) after an Event of Default, to any party, including the Mortgage Loan Borrower and any Mortgage
Loan Borrower Related Party; provided, however, that following such Transfer of any A Note, the Mortgage Loan continues
to be serviced in its entirety pursuant to the Servicing Agreement by a Servicer unaffiliated with Mortgage Loan Borrower. For
the avoidance of doubt, no Noteholder or the Servicer shall have any right to Transfer or cause the Transfer of any other Note.

 

(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 16(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

 

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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 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 16(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;

 

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(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
17.       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 the restriction on Transfers set forth in Section 16,
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 16 and this Section 17. 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
18.       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 17, 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 18 solely for purposes of maintaining the Note Register. The parties intend for the Notes to be in

 

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registered form
for federal income tax purposes under Section 5f.103-1(c) of the United States Treasury Regulations.

 

Section
19.       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
20.       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
21.       Governing Law; Waiver of Jury Trial. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED
TO THIS AGREEMENT, THE RELATIONSHIP OF THE PARTIES TO THIS AGREEMENT, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS
AND DUTIES OF THE PARTIES TO THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS
OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CHOICE OF LAW RULES THEREOF. EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ALL
RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT.

 

Section
22.       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;

 

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(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
23.       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 35 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.

 

Section
24.       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 16, 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
25.       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
26.       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
27.       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.

 

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Section
28.       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
29.       Withholding Taxes.

 

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

 

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

 

(c)       The
Subordinate Noteholder represents to the Note A Holders (for the benefit of the Mortgage Loan Borrower) that it is not a Non-Exempt
Person and that neither the Lead Securitization Noteholder nor the Mortgage Loan Borrower is obligated under applicable law to
withhold Taxes on sums paid to it with respect to the Mortgage Loan or otherwise pursuant to this Agreement. From time to time
as necessary during the term of this Agreement, such Subordinate Noteholder (if not included at such time in the Lead Securitization
Trust) shall deliver to the Lead Securitization Noteholder or Servicer, as applicable, evidence satisfactory to the Lead Securitization
Noteholder substantiating that such Subordinate Noteholder is not a Non-Exempt Person and that the Lead Securitization Noteholder
is not obligated under applicable law to withhold Taxes on sums paid to it with respect to the Mortgage Loan or otherwise under
this Agreement. Without limiting the effect of the foregoing, (i) if the Subordinate Noteholder is created or organized under
the laws of the United States, any state thereof or the District of

 

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Columbia, it shall satisfy the requirements of the preceding
sentence by furnishing to the Lead Securitization Noteholder an Internal Revenue Service Form W-9 and (ii) if the Subordinate
Noteholder is not created or organized under the laws of the United States, any state thereof or the District of Columbia, and
if the payment of interest or other amounts by the Mortgage Loan Borrower is treated for United States income tax purposes as
derived in whole or part from sources within the United States, the Subordinate Noteholder shall satisfy the requirements of the
preceding sentence by furnishing to the Lead Securitization Noteholder Internal Revenue Service Form W-8ECI, Form W-8IMY (with
appropriate attachments) or Form W-8BEN, or successor forms, as may be required from time to time, duly executed by the Subordinate
Noteholder, as evidence of the Subordinate Noteholder’s exemption from the withholding of United States tax with respect
thereto. The Lead Securitization Noteholder shall not be obligated to make any payment hereunder to any Subordinate Noteholder
in respect of its respective B Note or otherwise until such Subordinate Noteholder shall have furnished to the Lead Securitization
Noteholder the requested forms, certificates, statements or documents.

 

Section
30.       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
31.       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 (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.

 

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 (or its Junior Operating Advisor), or by the Controlling
Noteholder (or its Junior Operating Advisor) to the Lead Securitization Noteholder (or any Servicer on its behalf), shall also
be delivered by the applicable party to each other Noteholder.

 

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

 

Section
33.       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;

 

    50

     

    

 

(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 17;

 

(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 17; 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
34. 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 34, 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.

 

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. CREFI, as Initial Agent, may transfer its rights
and obligations to a Servicer, as successor Agent, at any time without the consent of any Noteholder. CREFI, 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.

 

    51

     

    

 

Section
35. Resizing. In connection with the Mortgage Loan, each Noteholder agrees, subject to clause (iii) below, that if a
Note A Holder 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, (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, and (iv) the holder of the New Notes shall notify the Lead Securitization Noteholder, the Master Servicer, the
Special Servicer, the Certificate Administrator and the Trustee in writing of such modified allocations and principal amounts.
Except for the foregoing reallocation or severance and for modifications pursuant to the Lead Securitization Servicing Agreement
(as discussed in Section 4), no Note may be modified or amended without the consent of its holder and the consent of the holder
of the other Notes. In connection with the foregoing (provided the conditions set forth in (i) through (iv) above are satisfied,
as certified by the holder of the New Notes, 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
Noteholders, as applicable, solely for the purpose of reflecting such reallocation of principal (which may include the amendment
or addition of applicable defined terms to reflect the New Notes) or such severing of the applicable A Note. For the avoidance
of doubt, Rating Agency Confirmation shall not be required for any amendments to this Agreement required to facilitate the terms
of this Section 35. In connection with any resizing of an A Note, the related Noteholder may allocate its rights hereunder among
the New Notes in any manner in its sole discretion.

 

Section
36. 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]

 

    52

     

    

IN
WITNESS WHEREOF, the Initial Noteholders have 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 Holder and Initial Agent
	 	 
		By:	/s/
Richard Simpson
	 	 	Name: Richard
                                         Simpson
	 	 	Title: Vice President

  

	 	CITI
                                         REAL ESTATE FUNDING INC., as 

Initial Subordinate Noteholder
	 	 
		By:	/s/
Richard Simpson
	 	 	Name: Richard
                                         Simpson
	 	 	Title: Vice President

 

Agreement
Between Noteholders – 805 Third Avenue 

     

     

    

EXHIBIT
A

MORTGAGE LOAN SCHEDULE

 

A.       Description
of Mortgage Loan:

 

	Mortgage
    Loan Agreement:	Loan
    Agreement, dated as of November 8, 2019, between 805 Third New York LLC, as borrower, and Citi Real Estate Funding Inc., as
    lender
	Mortgage
    Loan Borrower:	805
    Third New York LLC
	Date
    of the Mortgage Loan and Notes:	November
                                         8, 2019 (Mortgage Loan)

         

        December
        12, 2019 (Notes A-1, A-2, A-3, A-4 and B)

         

	Initial
    Principal Amount of Mortgage Loan:	$275,000,000
	Location
    of Mortgaged Property:	New
    York, New York
	Stated
    Maturity Date:	December
    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 	4.24%	18.18%	$50,000,000
	Note
    A-2 	4.24%	18.18%	$50,000,000
	Note
    A-3 	4.24%	14.55%	$40,000,000
	Note
    A-4 	4.24%	3.64%	$10,000,000
	Note
    B 	3.80%	45.45%	$125,000,000

 

    A-1

     

    

 

EXHIBIT
B

 

Initial
Noteholders:

 

Citi
Real Estate Funding Inc.

388 Greenwich Street, 6th Floor

New York, New York 10013

Attention: Richard Simpson 

Facsimile
number: (646) 328-2943

 

with
an electronic copy emailed to: richard.simpson@citi.com

 

with
copies to:

 

Citi
Real Estate Funding Inc.

390 Greenwich Street, 5th Floor

New York, New York 10013

Attention: Raul Orozco 

Facsimile
number: (347) 394-0898

 

with
an electronic copy emailed to: raul.d.orozco@citi.com

 

and

 

Citi
Real Estate Funding Inc.

388 Greenwich Street, 17th Floor

New York, New York 10013

Attention: Ryan M. O’Connor

Facsimile
number: (646) 862-8988

 

with
an electronic copy emailed to: ryan.m.oconnor@citi.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.
                                         Robert 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 4.18

EXECUTION VERSION

 

CO-LENDER AGREEMENT

Dated as of November 21, 2019

by and between

WELLS FARGO BANK, NATIONAL ASSOCIATION

(an Initial Note A Holder),

DBR INVESTMENTS CO. LIMITED

(an Initial Note A Holder),

MORGAN STANLEY BANK, NATIONAL ASSOCIATION

(an Initial Note A Holder),

WELLS FARGO BANK, NATIONAL ASSOCIATION

(Initial Note B-1 Holder)

DBR INVESTMENTS CO. LIMITED

(Initial Note B-2 Holder),

and

MORGAN STANLEY BANK, NATIONAL ASSOCIATION

(Initial Note B-3 Holder)

______________________________________________________

Commercial Mortgage Loan in the Principal
Amount of $1,245,000,000

Secured by 55 Hudson Yards

 

Co-Lender Agreement

(55 Hudson Yards)

 

    

     

    

This CO-LENDER
AGREEMENT (together with the exhibits and schedules hereto and all amendments hereof and supplements hereto, this “Agreement”)
is dated as of November 21, 2019, between WELLS FARGO BANK, NATIONAL ASSOCIATION (“WFB”), as an Initial Note A
Holder, DBR INVESTMENTS CO. LIMITED (“DBRI”), as an Initial Note A Holder, MORGAN STANLEY BANK, NATIONAL
ASSOCIATION (“MSBNA”), as an Initial Note A Holder, WFB, as Initial Note B-3 Holder, DBRI, as Initial Note
B-1 Holder, and MSBNA, as Initial Note B-2 Holder.

W I T N E S S E T H:

WHEREAS, pursuant
to the Mortgage Loan Agreement (as defined herein), WFB, DBRI and MSBNA (collectively, together with their respective successors
and assigns, the “Lender”) co-originated a certain loan (the “Mortgage Loan”) described in
Part A of the schedule attached hereto as Exhibit A (the “Mortgage Loan Schedule”) to the mortgage loan
borrower described on the Mortgage Loan Schedule (together with its successors and permitted assigns, the “Mortgage Loan
Borrower”), in the original aggregate principal amount of $1,245,000,000, which is evidenced, inter alia, by the
thirty-six (36) promissory notes or amended and restated promissory notes, each dated on or before the date hereof, described in
Part B of the Mortgage Loan Schedule (as each such promissory note may be extended, renewed, replaced, restated or modified from
time to time, each a “Note” and, collectively, the “Notes”);

WHEREAS, payment of
the Notes is secured by, among other things, a certain Mortgage (as defined in the Mortgage Loan Agreement), dated as of November
21, 2019 (as such may have been amended or restated to the date hereof and may hereafter be further amended, restated, supplemented
or otherwise modified from time to time, the “Mortgage”), encumbering a first priority mortgage in the fee simple
interest in an office building with approximately 1.4 million square feet of office space located at 55 Hudson Yards, New York,
New York (the “Mortgaged Property”);

WHEREAS, with respect
to the Mortgage Loan:

(a)       WFB
intends to transfer the WFB Standalone Notes (as defined herein) to the Depositor pursuant to a trust loan purchase agreement between
WFB and Wells Fargo Commercial Mortgage Securities, Inc. (together with its permitted successors and assigns, the “Depositor”),
DBRI intends to transfer the DBRI Standalone Notes (as defined herein) to German American Capital Corporation (“GACC”),
who will then transfer them to Wells Fargo Commercial Mortgage Securities, Inc. (together with its permitted successors and assigns,
the “Depositor”) pursuant to a trust loan purchase agreement between GACC and the Depositor, and MSBNA intends
to transfer the MSBNA Standalone Notes (as defined herein) to Morgan Stanley Mortgage Capital Holdings LLC (“MSMCH”),
who will then transfer them to the Depositor pursuant to a trust loan purchase agreement between MSMCH and the Depositor, and the
Depositor intends to transfer the Standalone Notes (the “Trust Loan”) to Wilmington Trust, National Association,
as trustee for a securitization (such securitization, the “Lead Securitization”) involving the issuance of the
Hudson Yards 2019-55HY Mortgage Trust Commercial Mortgage Pass-Through Certificates pursuant to the Trust and Servicing

    2

     

    

 

Agreement, dated
as of December 6, 2019 (the “Lead Securitization Servicing Agreement”), between the Depositor, Wells Fargo Bank,
National Association, as master servicer (in such capacity, together with its permitted successors and assigns, the “Master
Servicer”), CWCapital Asset Management LLC, as special servicer (in such capacity, together with its permitted successors
and assigns, the “Special Servicer”), Wilmington Trust, National Association, as trustee (in such capacity,
together with its permitted successors and assigns, the “Trustee”), and Wells Fargo Bank, National Association,
as certificate administrator (in such capacity, together with its permitted successors and assigns, the “Certificate Administrator”),
paying agent and custodian, upon such transfer, the Trustee will be become the holder of the Standalone Notes, and

(b)       each
of WFB, DBRI and MSBNA (via MSMCH) expects (but is not obligated) to contribute its respective Non-Standalone Notes (as defined
herein), whether in each such Note’s current form or as multiple replacement promissory notes, into one or more securitization
transactions;

WHEREAS, each Initial
Note A Holder, the Initial Note B-1 Holder, the Initial Note B-2 Holder and the Initial B-3 Holder desire to enter into this Agreement
to memorialize the terms under which they, and their successors and assigns, shall hold the Notes, respectively.

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

1.                 
Definitions; Conflicts. References to a “Section” or the “recitals” are, unless otherwise
specified, to a Section or the recitals of this Agreement. Capitalized terms not otherwise defined herein shall have the meanings
ascribed thereto in the Mortgage Loan Agreement or the Lead Securitization Servicing Agreement, as applicable. Except as set forth
in Section 4 of this Agreement, to the extent of any inconsistency between terms defined in this Agreement and the Lead
Securitization Servicing Agreement, the Lead Securitization Servicing Agreement shall control. Whenever used in this Agreement,
the following terms shall have the respective meanings set forth below unless the context clearly requires otherwise.

“A Notes”
shall mean the Notes respectively bearing the designations “A-1-S1”, “A-1-S2”, “A-1-S3”, “A-1-C1”,
“A-1-C2”, “A-1-C3”, “A-1-C4”, “A-1-C5”, “A-1-C6”, “A-1-C7”,
“A-1-C8”, “A-2-S1”, “A-2-S2”, “A-2-S3”, “A-2-C1”, “A-2-C2”,
“A-2-C3”, “A-2-C4”, “A-2-C5”, “A-2-C6”, “A-2-C7”, “A-2-C8”,
“A-3-S1”, “A-3-S2”, “A-3-S3”, “A-3-C1”, “A-3-C2”, “A-3-C3”,
“A-3-C4”, “A-3-C5”, “A-3-C6”, “A-3-C7” and “A-3-C8” and having an aggregate
Initial Note Principal Balance equal to $945,000,000.

“Acceptable
Insurance Default”: Any default arising when the Mortgage Loan Documents require that the Mortgage Loan Borrower shall
maintain all risk casualty insurance or other insurance that covers damages or losses arising from acts of terrorism and the Special
Servicer has determined, in its reasonable judgment in accordance with the Accepted Servicing Practices, that (i) such insurance
is not available at commercially reasonable rates and the subject hazards are not commonly insured against by prudent owners of
similar real properties located in or near the geographic region in which the Mortgaged Property is located (but only by reference

    3

     

    

to such insurance that has been obtained
by such owners at current market rates) or (ii) such insurance is not available at any rate. In making this determination, the
Special Servicer, to the extent consistent with the Accepted Servicing Practices, may rely on the opinion of an insurance consultant.
From and after the Lead Securitization Date, “Acceptable Insurance Default” shall have the meaning assigned to such
term or any analogous term in the Lead Securitization Servicing Agreement.

“Accepted
Servicing Practices” shall mean:

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

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

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

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

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

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

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

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

    4

     

    

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

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

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

“Advance”
means a Property Advance, a P&I Advance or an Administrative Advance, as the context may require.

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

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

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

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

“Appraisal”
shall mean an appraisal with respect to the Mortgaged Property conducted in accordance with the standards of the Appraisal Institute
by an Appraiser and certified by such Appraiser as having been prepared in accordance with the requirements of the Standards of
Professional Practice of the Appraisal Institute and the Uniform Standards of Professional Appraisal Practice of the Appraisal
Foundation, as well as FIRREA. From and after the Lead Securitization Date, “Appraisal” shall have the meaning assigned
to such term or any analogous term in the Lead Securitization Servicing Agreement.

“Appraisal
Reduction Amounts” shall mean:

(i) prior
to the Lead Securitization Date, for any Remittance Date as to which an Appraisal Reduction Event has occurred, an amount equal
to the excess, if any, of (a) the sum of (1) the Mortgage Loan Principal Balance as of the immediately preceding Monthly Payment
Date, (2) to the extent not previously advanced by the Servicer or any

    5

     

    

 

other Holder
as an Advance under Section 9 or Section 11(b), all accrued and unpaid interest on the Mortgage Loan at
a per annum rate equal to the Note Interest Rate on each of the Notes, (3) all unreimbursed Advances, with interest thereon
at the Advance Rate in respect of the Mortgage Loan, and (4) all currently due and unpaid real estate taxes, ground rents and assessments
and insurance premiums (less any amounts held in escrow for such items) and all other amounts (not including any default interest,
Penalty Charges, Prepayment Charges, liquidated damage amounts or other similar fees or charges) currently due and unpaid with
respect to the Mortgage Loan (which taxes, premiums and other amounts have not been the subject of an Advance by the Servicer),
over (b) an amount equal to ninety percent (90%) of the appraised value of the Mortgaged Property as determined by
the most recent Updated Appraisal obtained by the Servicer (the cost of which shall be advanced by such Servicer as an Advance),
minus the dollar amount of any liens on the Mortgaged Property that are prior to the lien of the Mortgage (other than the
liens for any items set forth in the immediately preceding clause (a)(4) which have been insured or bonded over by Qualified
Insurers, plus (without duplication of any amounts held in escrow deducted in clause (a)(4) above) the aggregate
of all reserves, letters of credit and escrows held in connection with the Mortgage Loan to the extent that such reserves, letters
of credit and escrows are permitted to be used by the Servicer in reduction of the Mortgage Loan); and

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

“Appraisal
Reduction Event” shall mean:

(i) prior
to the Lead Securitization Date, the earliest to occur of any of the following: (a) 60 days after an uncured payment delinquency
(other than a delinquency in respect of the Balloon Payment) occurs in respect of the Mortgage Loan, (b) 90 days after
an uncured delinquency occurs in respect of the Balloon Payment for the Mortgage Loan unless a refinancing is anticipated within
120 days after the Maturity Date of the Mortgage Loan as evidenced by a written and binding refinancing commitment from an
acceptable lender and reasonably satisfactory in form and substance to the Servicer, and the Controlling Holder, which provides
that such refinancing shall occur within 120 days after the Maturity Date, in which case 120 days after such uncured
delinquency, (c) 60 days after a reduction in monthly debt service payments or a material adverse economic change with
respect to the terms of the Mortgage Loan has become effective, (d) 60 days after an extension of the Maturity Date of
the Mortgage Loan (except for an extension within the time periods described in clause (b) above), (e) 60 days
after a receiver has been appointed in respect of the Mortgaged Property securing the Mortgage Loan on behalf of the Lender or
any other creditor, (f) immediately after any Mortgage Loan Borrower declares, or becomes the subject of, bankruptcy, insolvency
or similar proceeding, admits in writing the inability to pay its debts as they come due or makes an assignment for the benefit
of creditors unless such action is dismissed within 45 days, or (g) immediately after the Mortgaged Property securing the
Mortgage Loan becomes an REO Property; and

    6

     

    

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

In addition to the
foregoing, prior to the Lead Securitization Date, each Note B Holder shall have the right, at its sole expense, to require the
Special Servicer to order an additional Appraisal of the Mortgage Loan if an event has occurred at or with regard to the Mortgaged
Property that would have a material effect on its appraised value, and the Special Servicer will be required to use its reasonable
best efforts to ensure that such Appraisal is delivered within 30 days from receipt of such Note B Holder’s written request
and to ensure that such Appraisal is prepared on an “as is” basis by an Appraiser in accordance with MAI standards;
provided, that the Special Servicer will not be required to obtain such Appraisal if (i) the Special Servicer determines
in accordance with Accepted Servicing Practices that no events at or with regard to the Mortgaged Property have occurred that would
have a material effect on such appraised value of the Mortgaged Property or (ii) a Note B Holder had ordered an Appraisal in the
past 9 months. Upon receipt of an Appraisal requested by a Note B Holder pursuant to this definition of “Appraisal Reduction
Event” and any other information reasonably requested by the Special Servicer from the Servicer reasonably required to calculate
or recalculate the Appraisal Reduction Amount, the Special Servicer will be required to determine, in accordance with Accepted
Servicing Practices, whether, based on its assessment of such additional Appraisal, any recalculation of the Appraisal Reduction
Amount is warranted and, if so warranted, will be required to recalculate such Appraisal Reduction Amount based upon such additional
Appraisal. From and after the Lead Securitization Date, the analogous provisions to this paragraph of the Lead Securitization Servicing
Agreement shall control.

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

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

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

“Balloon
Payment” shall mean, with respect to the Mortgage Loan, the payment of principal due on its scheduled Maturity Date.

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

    7

     

    

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

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

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

“Closing
Date” shall mean December 18, 2019.

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

“Collateral
Deficiency Amounts” shall have the meaning given such term in the Lead Securitization Servicing Agreement.

“Collection
Account” shall mean with respect to the Mortgage Loan, an account (including any subaccount) established pursuant to
the terms of this Agreement or, from and after the Lead Securitization Date, the Lead Securitization Servicing Agreement, in which
amounts received in respect of the Mortgage Loan are segregated (by ledger entries or otherwise) and held for the benefit of the
Holders.

“Commission”
means the United States Securities and Exchange Commission.

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

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

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

(i)       prior
to the Lead Securitization Date,

(x)       jointly,
the Note B-1 Holder, the Note B-2 Holder and the Note B-3 Holder, unless (x) a Control Appraisal Event has occurred
and is continuing, or (y) any of Note B-1, Note B-2 or Note B-3 is held by the Mortgage Loan Borrower or a Mortgage Loan
Borrower Related Party, or

    8

     

    

 

(y)       if
no Control Appraisal Event has occurred and is continuing, but any of Note B-1, Note B-2 or Note B-3 is held by the Mortgage Loan
Borrower or a Mortgage Loan Borrower Related Party, then, jointly, the Holders of one or more B Notes that are not held by the
Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party, or

(z)       if
a Control Appraisal Event has occurred and is continuing, or if each of Note B-1, Note B-2 and Note B-3 is held by the Mortgage
Loan Borrower or a Mortgage Loan Borrower Related Party, then, jointly, the Note A Holders; provided that:

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

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

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

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

“Corrected
Mortgage Loan” shall mean:

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

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

    9

     

    

 

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

“Cure Payment”
shall have the meaning set forth in Section 11(b).

“DBNY”
shall have the meaning assigned to such term in the recitals of this Agreement.

“DBRI”
shall have the meaning assigned to such term in the recitals of this Agreement.

“DBRI Non-Standalone
Notes” shall mean the Notes opposite whose designations both “DBRI” appears in the column titled “Initial
Holder” and “No” appears in the column titled “Standalone Note (Yes/No)” on the Mortgage Loan Schedule,
and having an aggregate Initial Note Principal Balance equal to $86,900,000.

“DBRI Standalone
A Notes” shall mean the A Notes opposite whose designations both “DBRI” appears in the column titled “Initial
Holder” and “Yes” appears in the column titled “Standalone Note (Yes/No)” on the Mortgage Loan Schedule,
and having an aggregate Initial Note Principal Balance equal to $102,100,000.

    10

     

    

“DBRI Standalone
Notes” shall mean the Notes opposite whose designations both “DBRI” appears in the column titled “Initial
Holder” and “Yes” appears in the column titled “Standalone Note (Yes/No)” on the Mortgage Loan Schedule,
and having an aggregate Initial Note Principal Balance equal to $162,100,000.

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

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

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

In determining the
Defaulted Mortgage Loan Purchase Price, amounts payable by the Mortgage Loan Borrower as a Prepayment Charge, default interest,
Penalty Charges and other similar fees and the value of such amounts shall not be included, unless a Note B Holder is the Mortgage
Loan Borrower or a Mortgage Loan Borrower Related Party upon the occurrence of any event which requires a Repurchase Option Notice
pursuant to Section 11 of this Agreement.

    11

     

    

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

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

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

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

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

“Final Recovery
Determination” shall have the meaning given such term in the Lead Securitization Servicing Agreement.

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

“Holder”
shall mean, with respect to each Note, the Initial Holder of such Note or any subsequent holder of such Note.

“Initial
Holders” shall mean, individually or collectively as the context may require, the Initial Note A Holders, the Initial
Note B-1 Holder, the Initial Note B-2 Holder and the Initial Note B-3 Holder.

“Initial
Note A Holder” shall mean, individually or collectively as the context may require, the Initial Note A Holder/WFB, the
Initial Note A Holder/DBRI and the Initial Note A Holder/MSBNA.

“Initial
Note A Holder/DBRI” shall mean DBRI as the initial owner of the DBRI Non-Standalone A Notes and the DBRI Standalone A
Notes.

“Initial
Note A Holder/MSBNA” shall mean MSBNA as the initial owner of the MSBNA Non-Standalone A Notes and the MSBNA Standalone
A Notes.

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“Initial
Note A Holder/WFB” shall mean WFB as the initial owner of the WFB Non-Standalone A Notes and the WFB Standalone A Notes.

“Initial
Note B Holders” shall mean, individually or collectively as the context may require, the Initial Note B-1 Holder, the
Initial Note B-2 Holder and the Initial Note B-3 Holder.

“Initial
Note B Principal Balance” shall mean the aggregate Initial Note Principal Balance of Note B-1, Note B-2 and Note B-3.

“Initial
Note B-1 Holder” shall mean WFB as the initial owner of Note B-1.

“Initial
Note B-2 Holder” shall mean DBRI as the initial owner of Note B-2.

“Initial
Note B-3 Holder” shall mean MSBNA as the initial owner of Note B-3.

“Initial
Note Principal Balance” shall mean, with respect to each Note as of any date of determination, the “Initial Note
Principal Balance” for such Note set forth in Part B of the Mortgage Loan Schedule.

“Interim
Servicer” shall mean the master servicer (or single servicer) appointed jointly by the Initial Holders under this Agreement
and any successor master servicer (or single servicer) appointed as provided hereunder, which Interim Servicer shall be a Qualified
Servicer. The initial Interim Servicer shall be Wells Fargo Bank, National Association pursuant to the Interim Servicing Agreement.

“Interim
Servicing Agreement” shall mean, collectively, certain servicing agreements (or other servicing arrangements), entered
into between the Initial Holders (or their affiliates), as owners, and the Interim Servicer, as servicer, and any replacement servicing
agreement entered into with any successor Interim Servicer appointed jointly by the Holders.

“Intervening
Trust Vehicle” with respect to any Securitization Vehicle that is a CLO, shall mean a trust vehicle or entity which holds
any Note 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 Securitization”
shall have the meaning assigned to such term in the recitals of this Agreement.

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

    13

     

    

 

“Lead Securitization
Note Holder” shall mean, (i) prior to the Lead Securitization Date or if each Standalone Note is no longer included in
the Lead Securitization Trust, the Note A-1 Holder, and (ii) from and after the Lead Securitization Date, the Lead Securitization
Trust.

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

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

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

“Liquidation
Fee” shall mean:

(i) prior to the Lead
Securitization Date, if the Mortgage Loan or the Mortgaged Property is sold or transferred or otherwise liquidated (or a Specially
Serviced Mortgage Loan is sold or liquidated or a final discounted payoff is made), a fee payable to the Servicer from Liquidation
Proceeds with respect to the Mortgaged Property if the Servicer receives any Liquidation Proceeds with respect thereto, equal to
25 basis points (0.25%) multiplied by Liquidation Proceeds (net of any Servicing Fees, Special Servicing Fees and reimbursement
of any Advances or interest thereon payable therefrom and legal fees and expenses, Appraisal fees, brokerage fees, and similar
fees and expenses in connection with the maintenance and preservation of the Mortgaged Property) related to the Mortgage Loan or
Mortgaged Property; and

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

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

“Liquidation
Proceeds” shall mean:

(i) prior
to the Lead Securitization Date, the amount (other than insurance proceeds or amounts required to be paid to the Mortgage Loan
Borrower or other Persons

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pursuant to
the Mortgage Loan Documents or applicable law) received in connection with the liquidation of the Mortgaged Property or REO Property
through a trustee’s sale, foreclosure sale or otherwise or the sale or other liquidation of the Mortgage Loan, including
a final discounted payoff of the Mortgage Loan, and

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

“Major Decision”
means:

(i) prior to the Lead
Securitization Date:

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

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

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

(d)              
any determination to bring an REO Property into compliance with applicable Environmental Laws or to otherwise address Hazardous
Materials (as defined in the Lead Securitization Servicing Agreement) located at an REO Property;

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

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

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

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

    15

     

    

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

(j)                
any determination of an Acceptable Insurance Default;

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

(l)                
any acceleration of the Mortgage Loan following a default or an event of default or any initiation of judicial, bankruptcy
or similar proceedings under the Mortgage Loan Documents; and

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

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

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

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

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

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

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

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

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

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

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

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

    16

     

    

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

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

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

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

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

“MSBNA”
shall have the meaning assigned to such term in the recitals of this Agreement.

“MSBNA Non-Standalone
Notes” shall mean the Notes opposite whose designations both “MSBNA” appears in the column titled “Initial
Holder” and “No” appears in the column titled “Standalone Note (Yes/No)” on the Mortgage Loan Schedule,
and having an aggregate Initial Note Principal Balance equal to $86,900,000.

“MSBNA Standalone
A Notes” shall mean the A Notes opposite whose designations both “MSBNA” appears in the column titled “Initial
Holder” and “Yes” appears in the column titled “Standalone Note (Yes/No)” on the Mortgage Loan Schedule,
and having an aggregate Initial Note Principal Balance equal to $102,100,000.

“MSBNA Standalone
Notes” shall mean the Notes opposite whose designations both “MSBNA” appears in the column titled “Initial
Holder” and “Yes” appears in the column titled “Standalone Note (Yes/No)” on the Mortgage Loan Schedule,
and having an aggregate Initial Note Principal Balance equal to $162,100,000.

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

“Non-Controlling
Holder” shall mean any Holder that is not the Controlling Holder. In the event that any Note is an asset of a Non-Lead
Securitization, the rights of the Holder of any such Note in its capacity as a Non-Controlling Holder may be exercised by the “directing
holder,” “controlling class representative” or other party designated to exercise such rights pursuant to the
terms of the related Non-Lead Securitization Servicing Agreement.

“Non-Exempt
Person” shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

    17

     

    

“Non-Lead
Securitization” shall mean the sale of all or a portion of any Non-Standalone Note to a depositor, who will in turn include
such Note as part of the related Non-Lead Securitization of one or more other mortgage loans.

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

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

“Nonrecoverable
P&I Advance” means a P&I Advance that has been determined to be “nonrecoverable” in accordance with
the terms of the Lead Securitization Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

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

“Non-Standalone
Notes” shall means the DBRI Non-Standalone Notes, the MSBNA Non-Standalone Notes and the WFB Non-Standalone Notes.

“Note A Holder”
shall mean, individually or collectively as the context may require, the Note A-1 Holders, the Note A-2 Holders and the Note A-3
Holders.

“Note A Principal
Balance” shall mean, as of any date of determination, the aggregate Note Principal Balance of the A Notes.

“Note A-1
Holder” shall mean, individually or collectively as the context may require, the Initial Note A Holders, or any subsequent
holders, of the Notes respectively bearing the designations “A-1-S1”, “A-1-S2”, “A-1-S3”, “A-1-C1”,
“A-1-C2”, “A-1-C3”, “A-1-C4”, “A-1-C5”, “A-1-C6”, “A-1-C7”
and “A-1-C8”.

“Note A-2
Holder” shall mean, individually or collectively as the context may require, the Initial Note A Holders, or any subsequent
holders, of the Notes respectively bearing the designations “A-2-S1”, “A-2-S2”, “A-2-S3”, “A-2-C1”,
“A-2-C2”, “A-2-C3”, “A-2-C4”, “A-2-C5”, “A-2-C6”, “A-2-C7”
and “A-2-C8”.

“Note A-3
Holder” shall mean, individually or collectively as the context may require, the Initial Note A Holders, or any subsequent
holders, of the Notes respectively bearing the designations “A-3-S1”, “A-3-S2”, “A-3-S3”, “A-3-C1”,
“A-3-C2”, “A-3-C3”, “A-3-C4”, “A-3-C5”, “A-3-C6”, “A-3-C7”
and “A-3-C8”.

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

    18

     

    

“Note B Principal
Balance” shall mean, as of any date of determination, the aggregate Note Principal Balance of the B Notes.

“Note B-1”
shall mean the Note bearing the designation “B-1”.

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

“Note B-2”
shall mean the Note bearing the designation “B-2”.

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

“Note B-3”
shall mean the Note bearing the designation “B-3”.

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

“Note Default
Interest Rate” shall mean, with respect to each Note, the “Note Default Interest Rate” for such Note as set
forth in the Mortgage Loan Schedule.

“Note Interest
Rate” shall mean, with respect to each Note, the “Note Interest Rate” for such Note as set forth in the Mortgage
Loan Schedule.

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

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

“P&I
Advance” shall mean an advance made in respect of a delinquent monthly debt service payment on a Note included in a Securitization
by a party to such Securitization (and in accordance with the terms of the Lead Securitization Servicing Agreement or the related
Non-Lead Securitization Servicing Agreement, as the case may be).

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

“Percentage
Interest” shall mean, with respect to each Note, as of any date of determination, the ratio of the Note Principal Balance
of such Note to the Mortgage Loan Principal Balance.

“Permitted
Fund Manager” shall mean any Person that on the date of determination is (i) one of the entities listed on Schedule
1 annexed hereto and made a part hereof or any other nationally-recognized manager of investment funds investing in debt or

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equity interests relating
to commercial real estate, (ii) investing through a fund with committed capital of at least $250,000,000, and (iii) not subject
to a proceeding relating to the bankruptcy, insolvency, reorganization or relief of debtors.

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

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

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

“Prime Rate”
shall mean the “Prime Rate” in effect from time to time (as published in the “Money Rates” section of
The Wall Street Journal or, if such section or publication no longer is available, such other publication as determined
by the Note A-1 Holder in its reasonable discretion).

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

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

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

(b)                    
one or more of the following:

   (i)                
an insurance company, bank, savings and loan association, investment bank, trust company, commercial credit corporation,
pension plan, pension fund, pension fund advisory firm, mutual fund, real estate investment trust, governmental entity or plan,
in any case, which satisfies the Eligibility Requirements, 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 investment advisor registered under the Investment Advisers Act of 1940
or an institutional accredited investor under Regulation D, which regularly engages in the

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business of making or owning investments
of types similar to the Mortgage Loan or the related Note, which satisfies the Eligibility Requirements, or

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

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

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

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

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

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

For purposes of this
definition only, “Control” means the ownership, directly or indirectly, in the aggregate of more than fifty percent
(50%) of the beneficial ownership interests of an entity and the possession, directly or indirectly, of the power to direct or
cause the direction

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of the management or policies of an
entity, whether through the ability to exercise voting power, by contract or otherwise (“Controlled” has the meaning
correlative thereto).

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

“Qualified
Servicer” shall mean:

(i) prior to
the Lead Securitization Date, either (x) a mortgage finance institution, insurance company, bank or mortgage servicing institution
(A) organized and doing business under the laws of the United States or any state of the United States or the District of Columbia,
(B) authorized to transact business in the jurisdiction where each Mortgaged Property is located, if and to the extent required
by applicable law to enable such institution to perform its obligations under the Interim Servicing Agreement or, in the event
that such institution is acting as a sub-servicer, under the applicable sub-servicing agreement, and otherwise as contemplated
hereby, and (C) (1) has a rating of at least “CMS2” (in the case of a master servicer) and “CSS2”
(in the case of a special servicer) in the case of Fitch, (2) is on S&P’s Select Servicer List as a U.S. Commercial Mortgage
Master Servicer or a U.S. Commercial Mortgage Special Servicer, as applicable, in the case of S&P, (3) ranked at least “MOR
CS3” by Morningstar, (4) in the case of Moody’s, such servicer is acting as servicer for one or more loans included
in a commercial mortgage loan securitization that was rated by Moody’s within the twelve (12) month period prior to the date
of determination, and Moody’s has not downgraded or withdrawn the then-current rating on any class of commercial mortgage
securities or placed any class of commercial mortgage securities on watch citing the continuation of such servicer as servicer
of such commercial mortgage loans, (5) in the case of KBRA, KBRA 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 securities in a CMBS transaction serviced by such servicer prior to the
time of determination, or (6) in the case of DBRS, such servicer is acting as servicer for one or more loans included in a commercial
mortgage loan securitization that was rated by DBRS within the twelve (12) month period prior to the date of determination, and
DBRS has not 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 other commercial mortgage-backed securitization transaction serviced by such servicer prior to the time of determination,
or (y) as to which each of the Rating Agencies shall have delivered to the Trustee written confirmation to the effect that
the service by such entity as Servicer or Special Servicer, as the case may be, would not, in and of itself, result in a downgrade,
qualification or withdrawal of the then current ratings assigned to the securities issued under the Servicing Agreement, and

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

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

“Rating Agencies”
shall mean DBRS, Fitch, KBRA, Moody’s, Morningstar and S&P and their respective successors-in-interest or, if any of
such entities shall for any reason no longer perform the functions of a securities rating agency, any other nationally recognized
statistical rating agency designated by the Lead Securitization Note Holder; provided, however, that at any time
during which any A Note or B Note is an asset of a Securitization, “Rating Agencies” or “Rating Agency”
shall mean the rating agencies that from time to time rate (and were engaged by the applicable depositor to so rate) the securities
issued in connection with such Securitization (and at the time of determination continue to do so).

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

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

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

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

“REMIC Provisions”
shall mean the provisions of the federal income tax law relating to real estate mortgage investment conduits, which appear at Section 860A
through

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860G of Subchapter
M of Chapter 1 of the Code, and related provisions, and regulations (including any applicable proposed regulations) and rulings
promulgated thereunder, as the foregoing may be in effect from time to time.

“Remittance
Date” shall mean:

(i)                
with respect to each Standalone Note, and each Non-Standalone Note prior to the related Non-Lead Securitization, the “Servicer
Remittance Date” (or analogous term) as defined in the Lead Securitization Servicing Agreement; and

(ii)                 with
respect to each Non-Standalone Note from and after its Non-Lead Securitization, if any, the earlier of (a) the “Servicer
Remittance Date” (or analogous term) as defined in the Lead Securitization Servicing Agreement or (b) the first Business
Day after the “determination date,” as such term or a similar term is defined in the related Non-Lead Securitization
Servicing Agreement (as long as such date is at least two Business Days after receipt of properly identified funds).

“REO Proceeds”
shall mean, with respect to any REO Property, all revenues received by the applicable Servicer with respect to such REO Property
or the Mortgage Loan, which do not constitute Liquidation Proceeds. From and after the Lead Securitization Date, “REO Proceeds”
shall have the meaning assigned to such term or any analogous term in the Lead Securitization Servicing Agreement.

“REO Property”
shall mean any Mortgaged Property title to which has been acquired by the Servicer on behalf of the Holders through foreclosure,
deed-in-lieu of foreclosure or otherwise. From and after the Lead Securitization Date, “REO Property” shall have the
meaning assigned to such term or any analogous term in the Lead Securitization Servicing Agreement.

“Repurchase
Date” shall have the meaning assigned such term in Section 11.

“Repurchase
Option Notice” shall have the meaning assigned such term in Section 11.

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

“Required
Special Servicer Rating” shall mean with respect to a special servicer (i) in the case of Fitch, a rating of at least
“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 rzated 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)

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the special servicer
has a special servicer ranking of at least “MOR CS3” by Morningstar (if ranked by Morningstar) or (b) if not ranked
by Morningstar, is currently acting as a 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, KBRA, Morningstar, Moody’s, Fitch or DBRS
and the Trustee relating to the Securitization does not have actual knowledge that Morningstar has, with respect to any such other
CMBS transaction, qualified, downgraded or withdrawn its rating or ratings on one or more classes of such CMBS transaction citing
servicing concerns of the applicable replacement as the sole or material factor in such rating action, (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 CMBS transactions that is rated
by DBRS within the twelve (12) month period prior to the date of determination, and DBRS has not downgraded or withdrawn the then-current
rating on any class of CMBS or placed any class of CMBS 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.
The requirement of any rating agency that is not a Rating Agency shall be disregarded.

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

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

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

“Securitization
Trust” shall mean the Lead Securitization Trust or any trust formed in connection with the Securitization of any Non-Standalone
Note, as the context may require.

“Servicer”
shall mean (i) prior to the Lead Securitization Date, the Interim Servicer, and (ii) from and after the Lead Securitization Date,
the Master Servicer or the Special Servicer, as the context may require.

“Servicing
Agreement” shall mean (i) prior to the Lead Securitization Date, the Interim Servicing Agreement, and (ii) from and after
the Lead Securitization Date, the Lead Securitization Servicing Agreement.

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

“Servicing
Fee Rate” shall mean the sum of: (i) 0.125 basis points (0.00125%) per annum (which consists solely of the primary
servicing fee rate with respect to the Standalone Notes and the Non-Standalone Notes) and (ii)(A) with respect to the Standalone
Notes, 0.125

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basis points (0.00125%)
per annum (which consists of the master servicing fee rate with respect to the Standalone Notes) and (B) with respect to
the Non-Standalone Notes, a rate per annum payable to the applicable master servicer of the related Non-Lead Securitization.

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

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

“Special
Servicing Fee Rate” shall mean an amount:

(i) prior
to the Lead Securitization Date, so long as the Mortgage Loan is a Specially Serviced Mortgage Loan, an amount equal to the product
of (A) 15 basis points (0.15%) per annum and (B) the Mortgage Loan Principal Balance; and

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

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

(i) prior
to the Lead Securitization Date, any of the following occurs: (a) the Mortgage Loan Borrower fails to make a monthly debt service
payment for a period of 60 days after its Monthly Payment Date; (b) in the reasonable business judgment of the Servicer (with the
consent of the applicable Controlling Holder), exercised in accordance with Accepted Servicing Practices, there is an imminent
risk of an Event of Default consisting of a failure to make a monthly debt service payment which Event of Default is likely to
remain unremedied for a period of 60 days or more; (c) the Servicer has received notice or has actual knowledge that the Mortgage
Loan Borrower has become the subject of any bankruptcy, insolvency or similar proceeding, admitted in writing its inability to
pay its debts as they come due or made an assignment for the benefit of creditors; (d) the Servicer has received notice of
a foreclosure or threatened foreclosure of any lien upon the Mortgaged Property; (e) except with respect to matters already addressed
in clause (a) of this definition, the Servicer has received notice or has actual knowledge that the Mortgage Loan Borrower
is in default beyond any applicable notice and/or grace periods in the performance or observance of any of its obligations under
the related Mortgage Loan Documents the failure of which to cure, in the reasonable business judgment of the Servicer, exercised
in accordance with Accepted Servicing Practices, materially and adversely affects the interests of the Holders; or (f) a failure
on the part of the Mortgage Loan Borrower to make the Balloon Payment as and when the same becomes due and payable.

The period
during which the Mortgage Loan is specially serviced shall end and the Mortgage Loan shall be a “Corrected Mortgage Loan”:
(1) with respect to the circumstances described in clause (a) above, when the Mortgage Loan Borrower has paid in full all
payments due under the Mortgage Loan and has made three consecutive full and timely monthly debt service payments under the terms
of the Mortgage Loan or, if

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

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

“Standalone
A Notes” shall mean the DBRI Standalone A Notes, the MSBNA Standalone A Notes and the WFB Standalone A Notes.

“Standalone
Notes” shall mean the DBRI Standalone Notes, the MSBNA Standalone Notes and the WFB Standalone Notes.

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

“Triggering
Event of Default” shall mean (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to
pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as to which the Mortgage Loan becomes a Specially
Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., clause (i)(b) of
the definition of Specially Serviced Mortgage Loan)). A Triggering Event of Default shall not exist to the extent a Note B Holder
is exercising its cure rights in accordance with Section 11(b) or prior to the expiration of any cure period granted pursuant
to Section 11(b).

“Trust Fund
Expenses” shall mean with respect to the Mortgage Loan, any unanticipated expenses and certain other default related
expenses incurred by any Securitization Trust (including, without limitation, all Property Advances (together with interest thereon
at the Advance Rate), all Administrative Advances (together with interest thereon at the Advance Rate) and all P&I Advances
(together with interest thereon at the rates specified in the Lead Securitization Servicing Agreement and the Non-Lead Securitization
Servicing Agreement applicable to each Note) and all additional trust fund expenses, to the extent not reimbursed by the Mortgage
Loan Borrower or deemed to be a Nonrecoverable Property Advance) and all other amounts (such as indemnification payments) permitted
to be retained, reimbursed or withdrawn

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by (or remitted to)
the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator or any operating advisor, as applicable,
from the Collection Account or the Distribution Account pursuant to the Lead Securitization Servicing Agreement or permitted to
be reimbursed to any of the parties to a Non-Lead Securitization Servicing Agreement pursuant to the terms thereof. Any fees, costs
or expenses relating to any other mortgage loan included in a Securitization Trust with the related Non-Standalone Note(s) shall
not be considered Trust Fund Expenses.

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

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

“Workout
Fee” shall mean (i) prior to the Lead Securitization Date, a fee equal to 25 basis points (0.25%) of each collection
of interest and principal (including scheduled payments, Prepayments, Balloon Payments and payments at maturity) received on a
Corrected Mortgage Loan, and (ii) from and after the Lead Securitization Date, the meaning assigned to such term in the Lead Securitization
Servicing Agreement.

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

“WFB”
shall have the meaning assigned to such term in the recitals of this Agreement.

“WFB Non-Standalone
Notes” shall mean the Notes opposite whose designations both “WFB” appears in the column titled “Initial
Holder” and “No” appears in the column titled “Standalone Note (Yes/No)” on the Mortgage Loan Schedule,
and having an aggregate Initial Note Principal Balance equal to $260,700,000.

“WFB Standalone
A Notes” shall mean the A Notes opposite whose designations both “WFB” appears in the column titled “Initial
Holder” and “Yes” appears in the column titled “Standalone Note (Yes/No)” on the Mortgage Loan Schedule,
and having an aggregate Initial Note Principal Balance equal to $306,300,000.

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“WFB Standalone
Notes” shall mean the Notes opposite whose designations both “WFB” appears in the column titled “Initial
Holder” and “Yes” appears in the column titled “Standalone Note (Yes/No)” on the Mortgage Loan Schedule,
and having an aggregate Initial Note Principal Balance equal to $486,300,000.

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

3.                 
Intentionally Omitted.

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

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

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

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

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

(iv)            
the Lead Securitization Servicing Agreement shall contain terms and conditions as are set forth in Section 40(c)
of this Agreement and such additional provisions that are customary for securitization transactions involving assets similar to
the Mortgage Loan and that are otherwise (i) required by the Code relating to the tax

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elections of
any Securitization Trust, (ii) required by law or changes in any law, rule or regulation or (iii) generally required by the Rating
Agencies in connection with the issuance of ratings in securitizations similar to the Lead Securitization.

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

(d)              
In consideration for servicing the Mortgage Loan (inclusive of each Note) a servicing fee shall accrue at a rate not to
exceed the Servicing Fee Rate on the sum of the outstanding Note A Principal Balance and the outstanding Note B Principal Balance
(the “Servicing Fee”). The Servicing Fee shall be paid on the same interest accrual basis and for the same period
of time for which interest is paid on the Mortgage Loan, and shall be paid in accordance with the priorities set forth in Section
5 and Section 6.

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

(f)               
Notwithstanding anything to the contrary contained herein, if each of the Standalone Notes ceases to be an asset of the
Lead Securitization Trust, the provisions of this Agreement shall apply in their entirety, and each Holder hereby agrees that the
Mortgage Loan shall be serviced pursuant to this Agreement. In such event, all references herein to the “Servicing Agreement”
and to “from and after the Lead Securitization Date” and any ancillary

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provisions relating
thereto shall be deemed to be inoperative and of no further force and effect; provided, the actual servicing of the Mortgage
Loan under this Agreement shall be performed by a successor Master Servicer appointed by the Lead Securitization Note Holder and
a successor Special Servicer shall be appointed by the Controlling Holder, both of which replacement Servicers shall be Qualified
Servicers and shall be reasonably acceptable to each of the Holders; provided, further, that until a replacement
servicing agreement, if necessary, has been entered into, the Lead Securitization Note Holder shall cause the Mortgage Loan to
be serviced pursuant to the provisions of the Lead Securitization Servicing Agreement, as if such agreement were still in full
force and effect with respect to the Mortgage Loan, by the Servicer in the Lead Securitization or by any Person appointed by the
Lead Securitization Note Holder that is a Qualified Servicer; provided, however, that such servicer shall have no
obligation to make P&I Advances or Administrative Advances. Any such entity acting as a successor Master Servicer or successor
Special Servicer of the Mortgage Loan pursuant to the proviso of the preceding sentence will be required to perform such servicing
in accordance with Accepted Servicing Practices and the provisions of this Agreement.

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

(h)              
If any Note is included as an asset of a real estate mortgage investment conduit (a “REMIC”), within
the meaning of Section 860D(a) of the Internal Revenue Code of 1986, as amended (the “Code”) (notice of
which shall be given by the related Holder to the other Holders within three (3) Business Days of the “startup day”,
within the meaning of Section 860(G)(a)(9) of the Code, of the related REMIC), then, any provision of this Agreement to the
contrary notwithstanding: (i) the Mortgage Loan shall be administered such that each Note qualifies at all times as (or as interests
in) a “qualified mortgage” within the meaning of 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 interests of the Holders therein shall at all times qualify as “foreclosure property” within the meaning
of Section 860G(a)(8) of the Code and (iii) the related Holder may not modify, waive or amend any provision of the Mortgage
Loan, consent to or withhold consent from any action of the Mortgage Loan Borrower, or exercise or refrain from exercising any
powers or rights which the related Holder may have under the Mortgage Loan Documents, if any such action would constitute a “significant
modification” of the Mortgage Loan, within the meaning of Section 1.860G-2(b) of the regulations of the United States
Department of the Treasury, more than three (3) months after the earliest startup day of any REMIC which includes the related Note
(or any portion of such Note). The Holders agree that the provisions of this Section 4(h) shall be effected by compliance
by the related Holder or its assignee with this Agreement or the Servicing Agreement or any other agreement which governs the administration
of the Mortgage Loan or such Holder’s interest therein. All costs and expenses of compliance with this Section 4(h),
to the extent that such costs and expenses relate to administration of a REMIC or to any determination respecting the amount,

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payment or avoidance
of any tax under the REMIC Provisions or the actual payment of any REMIC tax or expense, shall be borne by the Holders.

(i)                
The Holders acknowledge that so long as any Note is included in a Securitization, the rights under Section 9.3.2 of the
Mortgage Loan Agreement shall not be exercisable by any Holder.

5.                 
Payments Prior to a Triggering Event of Default. If no Triggering Event of Default shall have occurred, or if a Triggering
Event of Default has occurred but is no longer then continuing, then all amounts tendered by the Mortgage Loan Borrower or otherwise
available for payment on the Mortgage Loan (including, without limitation, payments received in connection with any guaranty or
indemnity agreement), whether received in the form of monthly debt service payments, Prepayments, Balloon Payments, Liquidation
Proceeds (other than any Repurchase Price), Penalty Charges, Cure Payments, proceeds under title, hazard or other insurance policies
or awards or settlements in respect of condemnation proceedings or similar exercise of the power of eminent domain (other than
any amounts for required reserves or escrows required by the Mortgage Loan Documents and proceeds, awards or settlements to be
applied to the restoration or repair of the Mortgaged Property or released to the Mortgage Loan Borrower in accordance with Accepted
Servicing Practices or the Mortgage Loan Documents) shall be distributed by the Servicer and applied in the following order of
priority (net of amounts payable or reimbursable to the Master Servicer or Special Servicer in accordance with the Lead Securitization
Servicing Agreement) (and payments shall be made at such times as are set forth herein):

(i)                
first, (A) initially, to the Note A Holders (or the Master Servicer or the Trustee of the Lead Securitization
and, if applicable, the master servicers of the related Non-Lead Securitizations) on a pro rata and pari passu basis
(based on their respective outstanding Note Principal Balances), up to the amount of any Nonrecoverable Property Advances (or in
the case of a master servicer of any Non-Lead Securitization, if applicable, its pro rata share of any Nonrecoverable Property
Advances previously reimbursed to the Master Servicer or the Trustee from general collections of the related Non-Lead Securitization)
that remain unreimbursed (together with interest thereon at the applicable Advance Rate), (B) then, to the Note A Holders
(or the Master Servicer or the Trustee and, if applicable, the master servicers of the related Non-Lead Securitizations), on a
pro rata and pari passu basis (based on their respective outstanding principal balances), up to the amount of any
Nonrecoverable P&I Advances, as applicable, that remain unreimbursed (together with interest thereon at the applicable Advance
Rate or analogous advance rate under such Non-Lead Securitization), (C) then, to the Note B Holders (or the Master Servicer
or the Trustee) on a pro rata and pari passu basis (based on their respective outstanding principal balances) up
to the amount of any Nonrecoverable P&I Advances that remain unreimbursed (together thereon at the applicable Advance Rate),
and (D) finally, to the Standalone Note Holders (or the Master Servicer or the Trustee of the Lead Securitization), on a
pro rata and pari passu basis (based on the outstanding Note Principal Balances of the Standalone Notes), up to the
amount of any Nonrecoverable Administrative Advances that remain unreimbursed (together with interest thereon at the applicable
Advance Rate);

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(ii)              
second, to the Holders of the Standalone Notes (or any Servicer or Trustee (if any), as applicable), on a pro
rata and pari passu basis (based on the unreimbursed amount of costs paid or payable), up to the amount of any unreimbursed
Costs paid or any Costs currently payable or paid or advanced by such Holders (or any Servicer or the Trustee (if any), as applicable),
with respect to the Mortgage Loan pursuant to this Agreement or the Servicing Agreement, including, without limitation, unreimbursed
Property Advances and Administrative Advances and interest thereon at the applicable Advance Rate, to the extent such Costs, Property
Advances and Administrative Advances and interest thereon are then payable or reimbursable hereunder, or, after the Lead Securitization
Date, under the Lead Securitization Servicing Agreement;

(iii)            
third, (A) initially, to each Note A Holder and each Note B Holder (or
the Master Servicer), the applicable accrued and unpaid Servicing Fee on the related A Note or related B Note (without duplication
of any portion of the Servicing Fee paid by Mortgage Loan Borrower), as the case may be, and (B) then, to each Note A Holder
and each Note B Holder (or the Special Servicer), any Special Servicing Fees, Workout Fees and Liquidation Fees earned by it with
respect to the Mortgage Loan under this Agreement or the Servicing Agreement;

(iv)            
fourth, pari passu to each Note A Holder, up to an amount equal to the
accrued and unpaid interest on the Note Principal Balance of its A Note at its Net Note Interest Rate, with the aggregate amount
so payable to be allocated between the Note A Holders on a pro rata basis according to the amount of accrued and unpaid
interest due to each such Note A Holder;

(v)              
fifth, pari passu, in respect of principal, to the Note A Holders all
payments and Prepayments of amounts allocable to the reduction of the principal balance of the Mortgage Loan in accordance with
the Mortgage Loan Agreement until the Note Principal Balances of the A Notes have been reduced to zero, with the aggregate amount
so payable to be allocated between the Note A Holders on a pro rata basis (based on their respective outstanding Note Principal
Balances);

(vi)            
sixth, if the proceeds of any foreclosure sale or any liquidation of the Mortgage Loan or the Mortgaged Property
exceed the amounts required to be applied in accordance with the foregoing clauses (i)-(v), pari passu to each Note
A Holder, an amount equal to the aggregate of unreimbursed Realized Losses previously allocated to such Note A Holder in accordance
with the terms of Section 4(c) or Section 7(a), plus interest thereon at the related Net Note Interest
Rate compounded monthly from the date the related Realized Loss was so allocated to such Note A Holder, with the aggregate amount
so payable to be allocated between the Note A Holders on a pro rata basis according to the amount of Realized Losses previously
allocated to each such Note A Holder;

(vii)          
seventh, to the Note B Holders, if any, whose B Notes are not included in the Lead Securitization (or any Servicer
or Trustee (if any), as applicable), on a pro rata and pari passu basis (based on the unreimbursed amount of costs
paid or payable), up to

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the amount of
any unreimbursed Costs paid or any Costs currently payable or paid or advanced by such Note B Holders (or any Servicer or the Trustee
(if any), as applicable), with respect to the Mortgage Loan pursuant to this Agreement or the Servicing Agreement, including, without
limitation, unreimbursed Property Advances and Administrative Advances and interest thereon at the applicable Advance Rate, to
the extent such Costs, Property Advances and Administrative Advances and interest thereon are then payable or reimbursable hereunder,
or, after the Lead Securitization Date, under the Lead Securitization Servicing Agreement, and any Cure Payment made by such Note
B Holders pursuant to Section 11(b) hereof;

(viii)        
eighth, pari passu, to each Note B Holder, up to an amount equal to the accrued and unpaid interest on the
Note Principal Balance of its B Note at its Net Note Interest Rate, with the aggregate amount so payable to be allocated between
the Note B Holders on a pro rata basis according to the amount of accrued and unpaid interest due to each such Note B Holder;

(ix)            
ninth, pari passu, in respect of principal, to the Note B Holders all
payments and Prepayments of amounts allocable to the reduction of the principal balance of the Mortgage Loan in accordance with
the Mortgage Loan Agreement until the Note Principal Balances of the B Notes have been reduced to zero, with the aggregate amount
so payable to be allocated between the Note B Holders on a pro rata basis (based on their respective outstanding Note Principal
Balances);

(x)              
tenth, if the proceeds of any foreclosure sale or any liquidation of the Mortgage Loan or the Mortgaged Property
exceed the amounts required to be applied in accordance with the foregoing clauses (i)-(ix), pari passu, to each
Note B Holder, an amount equal to the aggregate of unreimbursed Realized Losses previously allocated to such Note B Holder in accordance
with the terms of Section 4(c) or Section 7(a), plus interest thereon at the related Net Note Interest
Rate compounded monthly from the date the related Realized Loss was so allocated to such Note B Holder, with the aggregate amount
so payable to be allocated between the Note B Holders on a pro rata basis according to the amount of Realized Losses previously
allocated to each such Note B Holder;

(xi)            
eleventh, any interest accrued at the Mortgage Default Rate on the Mortgage Loan Principal Balance to the extent
such default interest amount is (i) actually paid by the Mortgage Loan Borrower, (ii) in excess of interest accrued on the Mortgage
Loan Principal Balance at the Mortgage Interest Rate and (iii) not required to be paid to the Master Servicer, the Trustee or the
Special Servicer, or the master servicer or trustee under a Non-Lead Securitization Servicing Agreement, as provided in Section
9(d), pari passu, to each Note A Holder
and each Note B Holder in an amount calculated on the Note Principal Balance
of the related Note at the excess of (x) the Note Default Interest Rate for such Note over (y) the Note Interest Rate for such
Note, with the aggregate amount so payable to be allocated between the Holders on a pro rata basis according to the
respective amounts due to them under this clause;

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(xii)          
twelfth, pro rata and pari passu, to each Note A Holder any Prepayment Charge, to the extent actually
paid by the Mortgage Loan Borrower and allocable to any Prepayment of the related A Note under the Mortgage Loan Documents, with
the aggregate amount so payable to be allocated between the Note A Holders on a pro rata basis according to the respective amounts
due to them under this clause;

(xiii)        
thirteenth, pro rata and pari passu, to each Note B Holder any Prepayment Charge, to the extent actually
paid by the Mortgage Loan Borrower and allocable to any Prepayment of the related B Note under the Mortgage Loan Documents, with
the aggregate amount so payable to be allocated between the Note B Holders on a pro rata basis according to the respective
amounts due to them under this clause;

(xiv)        
fourteenth, pro rata and pari passu (in the case of Penalty Charges, only to the extent not required
to be paid to the Master Servicer, the Trustee or the Special Servicer as provided in Section 9(d) or in the Lead Securitization
Servicing Agreement as contemplated by Section 9(e) or the master servicer or trustee under a Non-Lead Securitization Servicing
Agreement as provided in Section 9(d) and/or in the Non-Lead Securitization Servicing Agreement as contemplated by Section
9(e)), to each Note A Holder and each Note B Holder (or any Servicer or Trustee (if any), as applicable, on its behalf) its
Percentage Interest of any assumption fees and Penalty Charges, in each case to the extent actually paid by the Mortgage Loan Borrower;

(xv)          
fifteenth, any excess amount not otherwise applied pursuant to the foregoing clauses (i) through (xiv)
of this Section 5, to the Holders pro rata and pari passu in accordance with their respective initial
Percentage Interests set forth in the Mortgage Loan Schedule.

If
any Note (or portion thereof) has been defeased, the foregoing provisions of this Section 5 will apply only to the non-defeased
Notes (or portions thereof). Any Note (or portion thereof) that has been defeased will be repaid solely from the proceeds of the
related defeasance collateral.

To
the extent that the Mortgage Loan Borrower pays any Servicing Fees pursuant to the Mortgage Loan Agreement or any modification
or amendment thereof, such fees shall be applied to the payment of the Servicing Fee or the Special Servicing Fee, Workout Fee
and Liquidation Fee, as applicable, pursuant to clause (iii) above, and the amounts paid on account of interest to the Holders
under clauses (iv) and (viii) above for the applicable Remittance Date shall be adjusted accordingly. Notwithstanding
clause (xiv) above, to the extent that the Mortgage Loan Borrower actually pays any assumption fees, such assumption fees
otherwise allocable to the Holders instead shall be payable as Additional Servicing Compensation as provided in the Lead Securitization
Servicing Agreement.

6.                 
Payments Following a Triggering Event of Default.

(a)               
After the occurrence of a Triggering Event of Default and for so long as such Triggering Event of Default is continuing,
all amounts tendered by the Mortgage Loan Borrower or otherwise available for payment of the Mortgage Loan (including, without

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limitation, payments
received in connection with any guaranty or indemnity agreement), whether received in the form of monthly debt service payments,
Prepayments, Balloon Payments, Liquidation Proceeds (other than any Repurchase Price), Penalty Charges, Cure Payments, proceeds
under title, hazard or other insurance policies or awards or settlements in respect of condemnation proceedings or similar exercise
of the power of eminent domain (other than any amounts for required reserves or escrows required by the Mortgage Loan Documents
and proceeds, awards or settlements to be applied to the restoration or repair of the Mortgaged Property or released to the Mortgage
Loan Borrower in accordance with Accepted Servicing Practices or the Mortgage Loan Documents) shall be applied in the following
order of priority (net of amounts payable or reimbursable to the Master Servicer or Special Servicer in accordance with the Lead
Securitization Servicing Agreement) (and payments shall be made at such times as are set forth herein):

(i)                
first, (A) initially, to the Note A Holders (or the Master Servicer or the Trustee of the Lead Securitization
and, if applicable, the master servicers of the related Non-Lead Securitizations) on a pro rata and pari passu basis
(based on their respective outstanding Note Principal Balances), up to the amount of any Nonrecoverable Property Advances (or in
the case of a master servicer of any Non-Lead Securitization, if applicable, its pro rata share of any Nonrecoverable Property
Advances previously reimbursed to the Master Servicer or the Trustee from general collections of the related Non-Lead Securitization)
that remain unreimbursed (together with interest thereon at the applicable Advance Rate), (B) then, to the Note A Holders
(or the Master Servicer or the Trustee and, if applicable, the master servicers of the related Non-Lead Securitizations) on a pro
rata and pari passu basis (based on their respective outstanding principal balances), up to the amount of any Nonrecoverable
P&I Advances, as applicable, that remain unreimbursed (together with interest thereon at the applicable Advance Rate or analogous
advance rate under such Non-Lead Securitization), (C) then, to the Note B Holders (or the Master Servicer or the Trustee)
on a pro rata and pari passu basis (based on their respective outstanding Note Principal Balances) up to an amount
of any Nonrecoverable P&I Advances that remain unreimbursed (together thereon at the applicable Advance Rate), and (D) finally,
to the Standalone Note Holders (or the Master Servicer or the Trustee of the Lead Securitization), on a pro rata and
pari passu basis (based on the outstanding Note Principal Balances of the Standalone Notes), up to the amount of any Nonrecoverable
Administrative Advances that remain unreimbursed (together with interest thereon at the applicable Advance Rate);

(ii)              
second, to the Holders of the Standalone Notes (or any Servicer or Trustee (if any), as applicable), on a pro
rata and pari passu basis (based on the unreimbursed amount of costs paid or payable), up to the amount of any unreimbursed
Costs paid or any Costs currently payable or paid or advanced by such Holders (or any Servicer or the Trustee (if any), as applicable),
with respect to the Mortgage Loan pursuant to this Agreement or the Servicing Agreement, including, without limitation, unreimbursed
Property Advances and Administrative Advances and interest thereon at the applicable Advance Rate, to the extent such Costs, Property
Advances and Administrative Advances and interest thereon are then payable or reimbursable hereunder, or, after the Lead Securitization
Date, under the Lead Securitization Servicing Agreement;

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(iii)            
third, (A) initially, to each Note A Holder and each Note B Holder (or
the Master Servicer), the applicable accrued and unpaid Servicing Fee on the related A Note or related B Note (without duplication
of any portion of the Servicing Fee paid by Mortgage Loan Borrower), as the case may be, and (B) then, to each Note A Holder
and each Note B Holder (or the Special Servicer), any Special Servicing Fees, Workout Fees and Liquidation Fees earned by it with
respect to the Mortgage Loan under this Agreement or the Servicing Agreement;

(iv)            
fourth, pari passu to each Note A Holder, up to an amount equal to the
accrued and unpaid interest on the Note Principal Balance of its A Note at its Net Note Interest Rate, with the aggregate amount
so payable to be allocated between the Note A Holders on a pro rata basis according to the amount of accrued and unpaid interest
due to each such Note A Holder;

(v)              
fifth, pari passu to each Note B Holder, up to an amount equal to the
accrued and unpaid interest on the Note Principal Balance of its B Note at its Net Note Interest Rate, with the aggregate amount
so payable to be allocated between the Note B Holders on a pro rata basis according to the amount of accrued and unpaid
interest due to each such Note B Holder;

(vi)            
sixth, pari passu, in respect of principal, to the Note A Holders, all remaining
funds until the Note Principal Balances of the A Notes have been reduced to zero, with the aggregate amount so payable to be allocated
between the Note A Holders on a pro rata basis (based on their respective outstanding Note Principal Balances);

(vii)          
seventh, if the proceeds of any foreclosure sale or any liquidation of the Mortgage Loan or the Mortgaged Property
exceed the amounts required to be applied in accordance with the foregoing clauses (i)-(vi), pari passu to each Note
A Holder, an amount equal to the aggregate of unreimbursed Realized Losses previously allocated to such Note A Holder in accordance
with the terms of Section 4(c) or Section 7(a), plus interest thereon at the related Net Note Interest Rate compounded
monthly from the date the related Realized Loss was so allocated to such Note A Holder, with the aggregate amount so payable to
be allocated between the Note A Holders on a pro rata basis according to the amount of Realized Losses previously allocated
to each such Note A Holder;

(viii)        
eighth, to the Note B Holders, if any, whose B Notes are not included in the Lead Securitization (or any Servicer
or Trustee (if any), as applicable), on a pro rata and pari passu basis (based on the unreimbursed amount of costs
paid or payable), up to the amount of any unreimbursed Costs paid or any Costs currently payable or paid or advanced by such Note
B Holders (or any Servicer or the Trustee (if any), as applicable), with respect to the Mortgage Loan pursuant to this Agreement
or the Servicing Agreement, including, without limitation, unreimbursed Property Advances and Administrative Advances and interest
thereon at the applicable Advance Rate, to the extent such Costs, Property Advances and Administrative Advances and interest thereon
are then payable or reimbursable hereunder, or, after the Lead Securitization Date, under

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the Lead Securitization
Servicing Agreement, and any Cure Payment made by such Note B Holders pursuant to Section 11(b) hereof;

(ix)            
ninth, pari passu, in respect of principal, to the Note B Holders, all
remaining funds until the Note Principal Balances of the B Notes have been reduced to zero, with the aggregate amount so payable
to be allocated between the Note B Holders on a pro rata basis (based on their respective outstanding Note Principal Balances);

(x)              
tenth, if the proceeds of any foreclosure sale or any liquidation of the Mortgage Loan or the Mortgaged Property
exceed the amounts required to be applied in accordance with the foregoing clauses (i)-(ix), pari passu, to each
Note B Holder, an amount equal to the aggregate of unreimbursed Realized Losses previously allocated to such Note B Holder in accordance
with the terms of Section 4(c) or Section 7(a), plus interest thereon at the related Net Note Interest Rate compounded
monthly from the date the related Realized Loss was so allocated to such Note B Holder, with the aggregate amount so payable to
be allocated between the Note B Holders on a pro rata basis according to the amount of Realized Losses previously allocated
to each such Note B Holder;

(xi)            
eleventh, pro rata and pari passu, to each Note A Holder any Prepayment Charge, to the extent actually
paid by the Mortgage Loan Borrower and allocable to any Prepayment of the related A Note under the Mortgage Loan Documents, with
the aggregate amount so payable to be allocated between the Note A Holders on a pro rata basis according to the respective
amounts due to them under this clause;

(xii)          
twelfth, pro rata and pari passu, to each Note B Holder any Prepayment Charge, to the extent actually
paid by the Mortgage Loan Borrower and allocable to any Prepayment of the related B Note under the Mortgage Loan Documents, with
the aggregate amount so payable to be allocated between the Note B Holders on a pro rata basis according to the respective
amounts due to them under this clause;

(xiii)        
thirteenth, any interest accrued at the Mortgage Default Rate on the Mortgage Loan Principal Balance to the extent
such default interest amount is (i) actually paid by the Mortgage Loan Borrower, (ii) in excess of interest accrued on the Mortgage
Loan Principal Balance at the Mortgage Interest Rate and (iii) not required to be paid to the Master Servicer, the Trustee or the
Special Servicer, or the master servicer or trustee under a Non-Lead Securitization Servicing Agreement, as provided in Section
9(d), pari passu, to each Note A Holder and each Note B Holder in an amount calculated on the Note Principal Balance
of the related Note at the excess of (x) the Note Default Interest Rate for such Note over (y) the Note Interest Rate for such
Note, with the aggregate amount so payable to be allocated between the Holders on a pro rata basis according to the respective
amounts due to them under this clause;

(xiv)        
fourteenth, pro rata and pari passu (in the case of Penalty Charges, only to the extent not required
to be paid to the Master Servicer, the Trustee or the Special Servicer as provided in Section 9(d) or in the Lead Securitization
Servicing as

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contemplated
by Section 9(e) or the master servicer or trustee under a Non-Lead Securitization Servicing Agreement as provided in Section
9(d) and/or in the Non-Lead Securitization Servicing as contemplated by Section 9(e)), to each Note A Holder and each
Note B Holder (or any Servicer or Trustee (if any), as applicable, on its behalf) its Percentage Interest of any assumption fees
and Penalty Charges, in each case to the extent actually paid by the Mortgage Loan Borrower; and

(xv)          
fifteenth, any excess amount not otherwise applied pursuant to the foregoing clauses (i) through (xiv)
of this Section 6 will be distributed pro rata to the Holders in accordance with their respective initial Percentage
Interests set forth in the Mortgage Loan Schedule.

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

To
the extent that the Mortgage Loan Borrower pays any Servicing Fees pursuant to the Mortgage Loan Agreement or any modification
or amendment thereof, such fees shall be applied to the payment of the Servicing Fee or the Special Servicing Fee, Workout Fee
and Liquidation Fee, as applicable, pursuant to clause (iii) above, and the amounts paid on account of interest to the Holders
under clauses (iv) and (v) above for the applicable Remittance Date shall be adjusted accordingly. Notwithstanding
clause (xiv) above, to the extent that the Mortgage Loan Borrower actually pays any assumption fees, such assumption fees
otherwise allocable to the Holders instead shall be payable as Additional Servicing Compensation as provided in the Lead Securitization
Servicing Agreement.

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

7.                 
Workout. (a) Notwithstanding anything to the contrary contained herein, but subject to the terms and conditions of
the Servicing Agreement and Section 20 and Section 21 of this Agreement, and the obligation to act in accordance
with Accepted Servicing Practices, if any applicable Servicer in connection with a workout or proposed workout of the Mortgage
Loan, modifies the terms thereof such that (i) the Mortgage Loan Principal Balance is decreased, (ii) the Mortgage Interest
Rate (or the Note Interest Rate for any Note) is reduced, (iii) payments of interest or principal on the Mortgage Loan are
waived, reduced or deferred (other than due solely to an extension of the Maturity Date (that is not a forbearance) pursuant to
an executed extension agreement between the Lender and the Mortgage Loan Borrower, so long as no other modification under this
Section 7 has occurred), or (iv) any other adjustment is made to any of the payment terms of the Mortgage Loan, all
payments to each Note A Holder pursuant to Section 5 and Section 6, as applicable, shall be made as though
such workout did not occur,

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with the payment terms
of the A Notes remaining the same as they are on the Closing Date, and the full economic effect of all waivers, reductions or deferrals
of amounts due on the Mortgage Loan attributable to such workout shall be borne, first, pro rata by the Note B Holders
(in each case up to the Note Principal Balance of the related B Note, together with accrued interest thereon at the related Note
Interest Rate and any other amounts due to such Note B Holder), and second, pro rata by the Note A Holders (in each
case up to the Note Principal Balance of the related A Note, together with accrued interest thereon at the related Note Interest
Rate, and any other amounts due to such Note A Holder). If the Mortgaged Property shall become an REO Property, the same shall
be acquired, managed and operated in substantially the manner provided in the Servicing Agreement, and the priority of distributions
among the Note A Holder and the Note B Holder shall continue to be made in accordance with the terms of Section 6 that
would be applicable following the occurrence and during the continuation of a Triggering Event of Default (whether or not the applicable
Mortgage Loan Documents then remain in effect), with distributions on account of scheduled interest payments being deemed to be
Assumed Scheduled Payments (as such term shall be defined in the Servicing Agreement) for such purpose.

(b)              
For purposes of determining the identity of the Controlling Holder (and not for any other purpose, including purposes of
calculations set forth in Section 5 and Section 6 hereof), Appraisal Reduction Amounts and Collateral Deficiency
Amounts shall be allocated first, to reduce the Note Principal Balances of the B Notes, pro rata, and then,
to reduce the Note Principal Balances of the A Notes, pro rata. The Lead Securitization Note Holder (or the Special Servicer
on its behalf) shall notify the Holders in writing of any Appraisal Reduction Amounts and Collateral Deficiency Amounts calculated
with respect to the Mortgage Loan and any allocation thereof to notionally reduce the Note Principal Balances of any Note.

8.                 
Collection Accounts; Payment Procedure. (a) Pursuant to the terms of this Agreement or the Servicing Agreement, the
Lead Securitization Note Holder shall cause the Servicer to establish and maintain the Collection Account. Each of the Holders
hereby directs the Servicer, in accordance with the priorities set forth in Section 5 and Section 6, as
applicable, and subject to the terms of this Agreement or the Servicing Agreement, as applicable, (i) to deposit into the applicable
Collection Account within two (2) Business Days after receipt of properly identified funds with respect to the Mortgage Loan and
(ii) to remit from the applicable Collection Account (x) for deposit or credit on the Remittance Date all payments received with
respect to and allocable to each A Note and B Note, by wire transfer to accounts maintained by each Holder and designated to the
Servicer in writing; and (y) for such other purposes and at such times as specified in this Agreement and the Servicing Agreement.

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

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have been required
to pay to the Mortgage Loan Borrower, the Holders, any other Servicer or such other Person with respect thereto, or, if the amount
in question had been advanced by the Servicer, then with interest thereon at the Advance Rate. Each Holder agrees that if at any
time it shall receive from any sources whatsoever any payment on account of the Mortgage Loan in excess of its distributable share
thereof, it will promptly remit such excess to the Servicer. The Servicer shall have the right to offset any amounts due hereunder
from any Holder, with respect to the Mortgage Loan against any future payments due to such Holder, as applicable, under the Mortgage
Loan, provided, that the obligations of each Holder under this Section 8 are separate and distinct obligations
from one another, and in no event shall any Servicer be permitted or required under the Servicing Agreement to enforce the obligations
of any Holder against the other Holders. The obligations of each Holder under this Section 8 constitute absolute, unconditional
and continuing obligations and each Servicer shall be deemed a third party beneficiary of these provisions.

9.                 
Advances; Default Interest; Penalty Charges.

(a)                     
Prior to the Lead Securitization Date, if the Lead Securitization Note Holder elects, in its reasonable good faith discretion
and in accordance with Accepted Servicing Practices, to make a Property Advance, the Lead Securitization Note Holder shall notify
the other Holders promptly, which notice shall set forth the amount of the additional funds required, the date such funds are required
and a summary of the need for such advance. The other Holders shall be required to advance on or before the date specified in the
related notice their respective Percentage Interest of such Property Advance. If any Holder fails or refuses to advance the foregoing
share of such Property Advance, the Lead Securitization Note Holder shall have the right to advance the portion of such Property
Advance not advanced by such other Holders. Repayment of any and all such Property Advances made by any Holder together with interest
thereon at the Advance Rate, if applicable, shall be paid to the Holders as provided in Section 5 and Section 6 hereof.

(b)                    
From and after the Lead Securitization Date, the Servicer and/or the Trustee shall be obligated to make Property Advances
with respect to the Mortgage Loan in accordance with the Lead Securitization Servicing Agreement and the right of such party to
reimbursement for any such Property Advances and interest thereon will be prior to the rights of the Holders to receive any distributions
or amounts recovered with respect to the Mortgage Loan or the Mortgaged Property to the extent provided in this Agreement.

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

(d)                    
The Lead Securitization Servicing Agreement shall provide that Penalty Charges and any interest accrued at the Mortgage
Default Rate on the Mortgage Loan Principal Balance that is in excess of interest accrued on the Mortgage Loan Principal Balance
at the Mortgage Interest Rate, in either case to the extent actually paid by the Mortgage Loan

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Borrower, shall be
applied by the Master Servicer (prior to allocation to the Holders under Section 5 or Section 6) for following purposes:

(1)              
first, (i) to pay the Master Servicer, the Trustee or the Special Servicer for each Holder’s pro rata
share of any interest accrued on any Property Advances and reimbursement of any Property Advances in accordance with the terms
of the Lead Securitization Servicing Agreement; (ii) to pay the Master Servicer or the Trustee or the master servicers or trustees
under the related Non-Lead Securitization Servicing Agreement the amount, if any, of interest accrued on any P&I Advance made
with respect to any Note by such party; and (iii) to pay the Master Servicer or the Trustee for each Standalone Note Holder’s
pro rata share of interest accrued on any Administrative Advances and reimbursement of any Administrative Advances in accordance
with the terms of the Lead Securitization Servicing Agreement, and

(2)              
second, be used to reduce, on a pro rata basis, each Holder’s share of Trust Fund Expenses (including
Special Servicing Fees, unpaid Workout Fees and Liquidation Fees) incurred with respect to the Mortgage Loan (as specified in the
Lead Securitization Servicing Agreement).

(e)                     
The Lead Securitization Servicing Agreement may also provide that (i) any Penalty Charges and any interest accrued at the
Mortgage Default Rate that has been allocated pursuant to Section 5 or Section 6 to the Notes included in such Lead
Securitization be paid to the Master Servicer and/or the Special Servicer as Additional Servicing Compensation as provided in the
Lead Securitization Servicing Agreement and (ii) following a Non-Lead Securitization, any Penalty Charges and any interest accrued
at the Mortgage Default Rate that has been allocated pursuant to Section 5 or Section 6 to the Holder of the Note
included in such Non-Lead Securitization, be paid to the Master Servicer and/or the Special Servicer as Additional Servicing Compensation
as provided in the Lead Securitization Servicing Agreement.

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

11.             
Purchase of A Notes by the Note B Holder; Note B Holder Cure Rights.

Prior to the Lead
Securitization Date or if each B Note is no longer included in the Lead Securitization Trust, the provisions of this Section
11 shall apply. In addition, if any B Note is included in the Lead Securitization Trust, the provisions of this Section
11 shall not apply.

(a)               
Par Purchase Option. If a Triggering Event of Default has occurred and is continuing, then, upon written notice from
the Lead Securitization Note Holder (or the Servicer on its behalf) (a “Repurchase Option Notice”) of such occurrence,
any Note B Holder (and if

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each of the Note B-1
Holder, the Note B-2 Holder and the Note B-3 Holder, or any combination thereof, provide such written notice, then such Note B
Holders, collectively, on a pro rata basis) shall have the right, prior to any other party, by written notice to the Lead
Securitization Note Holder (or the Servicer on its behalf) (a “Note B Holder Repurchase Notice”), after the
occurrence of the Triggering Event of Default and prior to the earliest date (the “Purchase Right Cut-Off Date”)
to occur of (a) the cure of the Triggering Event of Default, (b) the consummation of a foreclosure sale, sale by power of sale
or delivery of a deed-in-lieu of foreclosure with respect to the Mortgaged Property (and the Lead Securitization Note Holder (or
the Servicer on its behalf) shall be required to give the Note B Holder five (5) Business Days prior written notice of its intent
(a “Notice of Foreclosure/DIL”) with respect to any such action in this clause (b)), except that if the
Servicer intends to accept a deed-in-lieu of foreclosure, it shall deliver a Notice of Foreclosure/DIL (stating that it intends
to accept a deed-in-lieu of foreclosure) to the Note B Holder and the Note B Holder shall have the option, within ten (10) Business
Days from the date it receives such Notice of Foreclosure/DIL, to deliver a Note B Holder Repurchase Notice to the Lead Securitization
Note Holder (or the Servicer on its behalf), and provided that it has delivered notice within such time period, to consummate
the purchase option on a Repurchase Date (as defined below) to occur no later than thirty (30) days from the day it received the
Notice of Foreclosure/DIL from the Servicer; provided, that such thirty (30) days may be extended at the option of the Note
B Holder for an additional thirty (30) days upon payment to the Lead Securitization Note Holder (or the Servicer on its behalf)
of a $5 million non-refundable cash deposit if the Note B Holder provides evidence reasonably satisfactory to the Lead Securitization
Note Holder (or the Servicer on its behalf) that it is diligently and expeditiously proceeding to consummate its purchase of each
A Note, (c) the modification of the Mortgage Loan Documents effected in accordance herewith and with the terms of the Servicing
Agreement (and subject to the approval rights of the Directing Holder and the consultation rights of the Non-Controlling Holder
set forth herein and therein) and (d) the date that is ninety (90) days after the Directing Holder’s receipt of the Repurchase
Option Notice, to purchase each A Note for the applicable Defaulted Mortgage Loan Purchase Price, and upon the delivery of the
Note B Holder Repurchase Notice to each Note A Holder (or the Servicer on its behalf), each Note A Holder (or the Servicer on its
behalf) shall sell and the Note B-1 Holder, the Note B-2 Holder or Note B-3 Holder, as applicable, shall purchase all of each Note
A Holder’s right, title and interest in and to each A Note (without recourse or warranty, except that each Note A Holder
shall represent and warrant that it owns its respective A Note, its respective A Note is free and clear of liens, encumbrances
and any participations therein, and that such Note A Holder as applicable, has the power and authority to sell and deliver its
respective A Note) for the applicable Defaulted Mortgage Loan Purchase Price, on a date (the “Repurchase Date”)
not less than five (5) Business Days nor more than fifteen (15) Business Days after the date of the Note B Holder Repurchase Notice
(other than as provided in the immediately preceding clause (b) with respect to a Note B Holder Repurchase Notice based
on a Notice of Foreclosure/DIL), as shall be designated by the Note B-1 Holder, Note B-2 Holder or Note B-3 Holder, as applicable,
and reasonably acceptable to each Note A Holder. The Defaulted Mortgage Loan Purchase Price shall be calculated by the Servicer
three (3) Business Days prior to the Repurchase Date (and such calculation shall be accompanied by reasonably detailed back-up
documentation explaining how such price was determined). The right of a Note B Holder to exercise its purchase option hereunder
shall automatically terminate upon the Purchase Right Cut-Off Date, subject to the possibility that such right will be reinstated
if a Triggering Event of Default subsequently occurs. Upon the

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consummation of the
purchase option contemplated by this Section 11(a), the Lead Securitization Note Holder (or the Servicer or Trustee
on its behalf) shall deliver all original Mortgage Loan Documents and other applicable materials in its possession to the applicable
Note B Holder or its designee. The foregoing rights of the Note B Holders shall be in addition to any rights such Person may have
to purchase each A Note pursuant to the Servicing Agreement. Notwithstanding the foregoing, if either of the Mortgage Loan Borrower
or any Mortgage Loan Borrower Related Party is a Note B Holder (or holds a majority interest in a B Note), such Note B Holder shall
not have the right to exercise the purchase option set forth in this Section 11(a).

Notwithstanding
anything to the contrary contained in this Section, during the period in which any portion of the Mortgage Loan is subject to purchase
by Note B Holder pursuant to this Section, the Mortgage Loan shall continue to be serviced by the applicable Servicer in accordance
with Accepted Servicing Practices.

(b)                    
Cure Rights. In the event any monetary default beyond applicable notice and grace periods or non-monetary default
beyond applicable notice and grace periods shall exist with respect to the Mortgage Loan, then, upon notice from the Lead Securitization
Note Holder (or the Servicer on its behalf) (a “Cure Option Notice”) of the occurrence of such default beyond
applicable notice and grace periods (which notice the Lead Securitization Note Holder (or the Servicer on its behalf) shall promptly
give to the Note B Holder upon receipt of knowledge thereof), each Note B Holder shall have the right, exercisable by each Note
B Holder giving written notice of its intent to cure a default within five (5) Business Days after receipt of the Cure Option Notice,
to cure such default (and if each of the Note B-1 Holder, the Note B-2 Holder and the Note B-3 Holder, or any combination thereof,
provide such notice, then such Note B Holders collectively, on a pro rata basis shall have the right to cure such default);
provided, in the event a Note B Holder has elected to cure any default, the default must be cured by such Note B Holder
within, in the case of a monetary default, ten (10) Business Days after receipt of such Cure Option Notice and, in the case of
a non-monetary default, thirty (30) days after receipt of such Cure Option Notice. If a Note B Holder is attempting to cure a non-monetary
default, the foregoing cure period of thirty (30) days may be extended for an additional sixty (60) days (for a total of up to
ninety (90) days), but only for so long as (i) such Note B Holder is diligently and expeditiously proceeding to cure such non-monetary
default, (ii) such Note B Holder makes all Cure Payments that it is permitted to make in accordance with this Section, (iii) such
non-monetary default is not the result of a bankruptcy of the Mortgage Loan Borrower or other insolvency related event, and no
bankruptcy commences or other insolvency related event occurs during the period that such Note B Holder is otherwise permitted
to cure a non-monetary default in accordance with this Section and (iv) there is no material adverse effect on the Mortgage Loan
Borrower, the Mortgaged Property or the value of the Mortgage Loan as a result of such non-monetary default or the attempted cure
thereof.

If a Note B Holder
elects to cure a default that can be cured by the payment of money (each such payment, a “Cure Payment”), such
Note B Holder shall make such Cure Payment as directed by the Lead Securitization Note Holder (or the Servicer on its behalf) and
each such Cure Payment shall include all costs, expenses, losses, liabilities, obligations, damages, penalties, and disbursements
imposed on, incurred by or asserted against
each Note A Holder (including, without limitation, all unreimbursed Advances (without regard to whether such Advance would

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be a “nonrecoverable
advance”) and any interest charged thereon at the Advance Rate, and any unpaid Special Servicing Fees with respect to the
Mortgage Loan, but excluding any default interest and Penalty Charges) related to the default and incurred during the period of
time from the expiration of the grace period for such default under the Mortgage Loan until such Cure Payment is made or such other
cure is otherwise effected.

The right of a Note
B Holder to reimbursement of any Cure Payment shall be as set forth in Section 5 and Section 6, as applicable.
So long as a default exists that is being cured by a Note B Holder pursuant to this Section 11(b) and the cure period
has not expired and such Note B Holder is permitted to cure under the terms of this Section 11(b), the Lead Securitization
Note Holder (or the Servicer on its behalf) and the Trustee shall not treat such default as a default or a Triggering Event of
Default (i) for purposes of Section 5 or Section 6; (ii) for purposes of accelerating the Mortgage Loan,
modifying, amending or waiving any provisions of the Mortgage Loan Documents or commencing proceedings for foreclosure or the taking
of title by deed-in-lieu of foreclosure or other similar legal proceedings with respect to the Mortgaged Property; or (iii) for
purposes of treating the Mortgage Loan as a Specially Serviced Mortgage Loan; provided that such limitations shall not prevent
the Lead Securitization Note Holder (or the Servicer on its behalf) or the Trustee from sending notices of the default to the Mortgage
Loan Borrower or any related guarantor or making demands on the Mortgage Loan Borrower or any related guarantor or from collecting
default interest or late payment charges from the Mortgage Loan Borrower. Notwithstanding anything to the contrary contained in
this Section 11(b), (A) a Note B Holder’s right to cure a monetary default or non-monetary default shall be limited
to six (6) Cure Events over the life of the Mortgage Loan and (B) no single Cure Event may exceed four (4) consecutive months.
For the avoidance of doubt, it is intended that if a single Event of Default is cured for four consecutive months, that same Event
of Default may not be cured in the succeeding (fifth) month, a Note B Holder would be permitted to cure a different Event of Default
in such succeeding (fifth) month. As used herein, “Cure Event” means a Note B Holder’s exercise of cure
rights, whether for one (1) month or for consecutive months in the aggregate (and, in such case, such cure for such consecutive
months shall constitute one (1) Cure Event). Cure Events in addition to the number of Cure Events permitted under this Section
11(b) shall only be permitted with the consent of the Lead Securitization Note Holder (or the Servicer on its behalf) or, at
any time that the Mortgage Loan is included in the Lead Securitization, the Special Servicer.

12.             
Certain Servicing Matters.

(a)             
Books and Records. Prior to the Lead Securitization Date, in connection with any inspection of the Mortgaged Property
or the books and other financial records of the Mortgage Loan Borrower by the Lead Securitization Note Holder (or the Servicer
on its behalf) pursuant to the terms of the Mortgage Loan Documents, the Lead Securitization Note Holder (or the Servicer on its
behalf) shall, upon written request of the Directing Holder (if any) request that the Mortgage Loan Borrower to reasonably cooperate
to provide the Directing Holder (if any) access for its own inspection of such Mortgaged Property or the books and other financial
records. In addition, in response to the written request of the Directing Holder (if any), the Lead Securitization Note Holder
(or the Servicer on its behalf) shall request that the officers of the Mortgage Loan Borrower and the accountants and other representatives
of the Mortgage Loan

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Borrower arrange a
meeting (either telephonic or in person) to discuss the business, financial and other condition of the Mortgage Loan Borrower,
and all reasonable out-of-pocket costs incurred by the Lead Securitization Note Holder (or the Servicer on its behalf) shall be
paid by the Controlling Holder. From and after the Lead Securitization Date, this Section 12(a) shall no longer apply.

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

(i)                
For each of the Holders, (x) the amount of the distribution from the Collection Account allocable to principal (y) separately
identifying the amount of scheduled principal payments, Balloon Payments, Prepayments made at the option of the Mortgage Loan Borrower
or other Prepayments (specifying the reason therefor) and Liquidation Proceeds included therein and information on distributions
made with respect to each of the Notes and (z) the amounts deposited and on reserve in each of the escrow and reserve funds accounts
held by Servicer;

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

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

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

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

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

From and after the
Lead Securitization Date, the Servicer shall only deliver such reports to the Holders as provided in the Lead Securitization Servicing
Agreement; provided, however, so long as the Mortgage Loan is being serviced pursuant to the Interim Servicing Agreement,
this Section shall not be applicable and the Servicer shall provide the reports as set forth in the Interim Servicing Agreement.

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

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

13.             
Representations and Warranties of Each Initial Holder. Each of the Initial Holders, as of the date hereof, hereby
represents and warrants and covenants that:

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

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

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

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

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

(vi)            
It is not in violation of, and its execution and delivery of this Agreement and its performance of, and compliance with,
the terms of this Agreement will not constitute a violation of, any law, any order or decree of any court or arbiter, or any order,
regulation or demand of any federal, state or local government or regulatory authority, which violation, in its good faith and
reasonable judgment, is likely to affect

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materially and
adversely either its ability to perform its obligations under this Agreement or its financial condition.

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

(viii)        
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 transactions contemplated hereby.

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

14.             
Intentionally Omitted.

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

16.             
No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken
pursuant hereto shall be deemed to constitute the arrangement between any one or more Holders, on the one hand, and any one or
more other Holders, on the other hand, a partnership, association, joint venture or other entity. No Holder shall have any obligation
whatsoever to offer to any other Holder the opportunity to purchase

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notes or participation
interests relating to any future loans originated by such Holder or its Affiliates, and if such Holder chooses in its sole discretion
to offer to one or more other Holders the opportunity to purchase notes or any participation interests in any future mortgage loans
originated by such Holder or its Affiliates, such offer shall be at such purchase price and interest rate as such Holder chooses,
in its sole and absolute discretion. No Holder shall have any obligation whatsoever to purchase from one or more other Holders
any notes or participation interests in any future loans originated by the other Holder or its respective Affiliates.

17.             
Not a Security. None of 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.

18.             
Transfer of Notes. (a) Each Holder agrees that it will not sell, assign, transfer, pledge, syndicate, hypothecate,
contribute, encumber or otherwise dispose of all or any portion of its respective Note (a “Transfer”) except
to a Qualified Institutional Lender. Promptly after any Transfer (other than any Transfer between Initial Holders), non-transferring
Holders shall be provided with (x) a representation from the related transferee or the applicable Holder certifying that such transferee
is a Qualified Institutional Lender (except in the case of a Transfer in accordance with the immediately following sentence) and
(y) a copy of an assignment and assumption agreement whereby such transferee assumes all of the obligations of the applicable Holder
hereunder with respect to such Note thereafter accruing and agrees to be bound by the terms of this Agreement. If a Holder intends
to Transfer its respective Note, or any portion thereof, to an entity that is not a Qualified Institutional Lender, it must first
(a) obtain the consent of each non-transferring Holder and (b) if any such non-transferring Holder’s Note is held in a Securitization
Trust, provide each of the applicable engaged Rating Agencies for such Securitization Trust with a Rating Agency Confirmation.
Notwithstanding the foregoing, without each non-transferring Holder’s prior consent (which will not be unreasonably withheld),
and, if any non-transferring Holder’s Note is held in a Securitization Trust, until a Rating Agency Confirmation is provided
to each engaged Rating Agency for such Securitization Trust, no Holder shall Transfer all or any portion of its Note (or a participation
interest in such Note) to the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party and any such Transfer shall be absolutely
null and void and shall vest no rights in the purported transferee. The transferring Holder agrees that it shall pay the expenses
of any non-transferring Holder (including all expenses of the Master Servicer, the Special Servicer and the Trustee) and all expenses
relating to any Rating Agency Confirmation in connection with any such Transfer. Notwithstanding the foregoing, each Holder shall
have the right, without the need to obtain the consent of any other Holder or of any other Person or having to provide any Rating
Agency Confirmation, to Transfer 49% or less (in the aggregate) of its beneficial interest in a Note to an entity that is not the
Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party. None of the provisions of this Section 18(a) shall apply
in the case of (1) a sale of the Lead Securitization Notes together with all of the Non-Lead Securitization Notes, in accordance
with the terms and conditions of the Lead Securitization Servicing Agreement, (2) a transfer by the Special Servicer, in accordance
with the terms and conditions of the Lead Securitization Servicing Agreement, of the Mortgage Loan or the Mortgaged Property, upon
the Mortgage Loan becoming a Defaulted Mortgage Loan (as defined in the Lead Securitization Servicing Agreement), to a single member
limited

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liability or limited
partnership, 100% of the equity interest in which is owned directly or indirectly, through one or more single member limited liability
companies or limited partnerships, by the Lead Securitization Trust, or (3) the Transfer of any securities issued by a Securitization
Trust.

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

(c)               
Notwithstanding any other provision hereof, any Holder may pledge (a “Pledge”) its Note to any entity
(other than the Mortgage Loan Borrower or any Affiliate thereof) which has extended a credit facility to such Holder and that is
either a Qualified Institutional Lender or a financial institution whose long-term unsecured debt is rated at least “A”
(or the equivalent) or better by each applicable Rating Agency (or, if not rated by an applicable Rating Agency, an equivalent
(or higher) rating from any two of Fitch, Moody’s and S&P) (a “Note Pledgee”), on terms and conditions
set forth in this Section 18(c), it being further agreed that a financing provided by a Note Pledgee to a Holder or any
person which Controls such Note that is secured by its Note and is structured as a repurchase arrangement, shall qualify as a “Pledge”
hereunder, provided that a Note Pledgee which is not a Qualified Institutional Lender may not take title to the pledged
Note without a Rating Agency Confirmation. Upon written notice by the applicable Holder to each other Holder and any Servicer that
a Pledge has been effected (including the name and address of the applicable Note Pledgee), each other Holder agrees to acknowledge
receipt of such notice and thereafter agrees: (i) to give 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; (ii) to allow such Note Pledgee
a period of ten (10) days to cure a default by the pledging Holder in respect of its obligations to each other Holder hereunder,
but such Note Pledgee shall not be obligated to cure any such default; (iii) that no amendment, modification, waiver or termination
of this Agreement 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 Holder shall give to such Note Pledgee copies
of any notice of default under this Agreement simultaneously with the giving of same to the pledging Holder; (v) that such other
Holder shall deliver to Note Pledgee such estoppel certificate(s) as Note Pledgee shall reasonably request, provided that
any such certificate(s) shall be in a form reasonably satisfactory to such other Holder; and (vi) that, upon written notice (a
“Redirection Notice”) to each other Holder and any Servicer by such Note Pledgee that the pledging Holder is
in default, beyond any applicable cure periods, under the pledging Holder’s obligations to such Note Pledgee pursuant to
the applicable credit agreement 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 shall be
entitled to receive any payments that any Holder or Servicer would otherwise be obligated to pay to the pledging Holder from time
to time pursuant to this Agreement or the Lead Securitization Servicing Agreement. Any pledging Holder hereby unconditionally and
absolutely releases each other Holder and any Servicer from any liability to the pledging Holder on account of such other Holder’s
or Servicer’s compliance

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with any Redirection
Notice believed by any Servicer or such other Holder to have been delivered by a Note Pledgee. Note Pledgee shall be permitted
to exercise fully its rights and remedies against the pledging Holder to such Note Pledgee (and accept an assignment in lieu of
foreclosure as to such collateral), in accordance with applicable law and this Agreement. In such event, the Holders and any Servicer
shall recognize such Note Pledgee (and any transferee other than the Mortgage Loan Borrower or any Affiliate thereof which is also
a Qualified Institutional Lender at any foreclosure or similar sale held by such Note Pledgee or any transfer in lieu of foreclosure),
and its successor and assigns, as the successor to the pledging Holder’s rights, remedies and obligations under this Agreement,
and any such Note Pledgee or Qualified Institutional Lender shall assume in writing the obligations of the pledging Holder hereunder
accruing from and after such Transfer (i.e., realization upon the collateral by such Note Pledgee) and agrees to be bound by the
terms and provisions of this Agreement. The rights of a Note Pledgee under this Section 18(c) shall remain effective as
to any Holder (and any Servicer) unless and until such Note Pledgee shall have notified any such Holder (and any Servicer, as applicable)
in writing that its interest in the pledged Note has terminated.

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

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

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

(iii)            
Such Holder pledges its interest in its Note to the Conduit as collateral for the Conduit Inventory Loan;

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

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

19.             
Other Business Activities of the Holders. Each of the Holders acknowledges that the other Holders may make loans
or otherwise extend credit to, and generally engage in any kind of business with, any Affiliate of the Mortgage Loan Borrower (“Mortgage

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Loan Borrower Related
Parties”), and receive payments on such other loans or extensions of credit to the Mortgage Loan Borrower Related Parties
and otherwise act with respect thereto freely and without accountability in the same manner as if this Agreement and the transactions
contemplated hereby were not in effect.

20.             
Exercise of Remedies by the Servicer.

(a)             
Each of the Holders acknowledges that, subject to the terms of this Agreement (including without limitation, the Controlling
Holder’s rights under Section 21 hereof) and the Servicing Agreement, (i) the Lead Securitization Note Holder (or
any Servicer or Trustee (if any) on its behalf) may exercise or refrain from exercising any rights that such Lead Securitization
Note Holder (or such Servicer or Trustee (if any)) may have hereunder or under the Servicing Agreement in a manner that may be
adverse to the interests of the other Holders, so long as such actions are in accordance with Accepted Servicing Practices and
the other terms of this Agreement, (ii) the Lead Securitization Note Holder shall have no liability whatsoever to the other Holders
as a result of such Lead Securitization Note Holder’s (or any Servicer’s or Trustee’s) exercise of such rights
or any omission by such Lead Securitization Note Holder (or any Servicer or Trustee) to exercise such rights, except as expressly
provided herein or for acts or omissions that are taken or omitted to be taken by such Lead Securitization Note Holder that constitute
the gross negligence or willful misconduct of such Lead Securitization Note Holder or a breach of this Agreement, and (iii) the
Servicer and the Special Servicer shall (and shall be required under the Servicing Agreement to) service and administer the Mortgage
Loan on behalf of each Note A Holder and each Note B Holder (as a collective whole) in accordance with Accepted Servicing Practices,
taking into account the interests of each Note A Holder and each Note B Holder; but in all cases giving due consideration to the
fact that each B Note is subject and subordinate to each A Note in accordance with the terms of this Agreement. Each Note A Holder
and each Note B Holder agree that the Servicer, to the extent consistent with the terms of this Agreement (including, without limitation,
Section 21) and from and after the Lead Securitization Date subject to and in accordance with the Servicing Agreement,
shall have the sole and exclusive authority (in each case, subject to the Accepted Servicing Practices and the terms and conditions
set forth in this Agreement, and the rights of any Controlling Holder) 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 (i) to modify
or waive any of the terms of the Mortgage Loan Documents, (ii) to consent to any action or failure to act by the Mortgage Loan
Borrower or any party to the Mortgage Loan Documents, (iii) to vote all claims with respect to the Mortgage Loan in any bankruptcy,
insolvency or other similar proceedings and (iv) to take legal action to enforce or protect the Holders’ interests with respect
to the Mortgage Loan or to refrain from exercising any powers or rights under the Mortgage Loan Documents, including the right
at any time to call or waive any Events of Default, or accelerate or refrain from accelerating the Mortgage Loan or institute any
foreclosure action and in all cases acting in accordance with Accepted Servicing Practices and the terms of this Agreement and
the Servicing Agreement, and except as otherwise expressly provided in this Agreement and the Servicing Agreement, the other Holders
shall have no voting, consent or other rights whatsoever with respect to the Lead Securitization Note Holder’s or Servicer’s
administration of, or exercise of its rights and remedies with respect to, the Mortgage Loan. Each Holder agrees that it shall
have no right to, and hereby presently and irrevocably assigns and

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conveys to the Lead
Securitization Note Holder and the Servicer and the Special Servicer the rights, if any, that such Holder has (i) to declare or
cause the Lead Securitization Note Holder or the Servicer to declare an Event of Default under the Mortgage Loan (ii) to exercise
any remedies with respect to the Mortgage Loan, including, without limitation, filing or causing the Lead Securitization Note Holder
or the Servicer to file any bankruptcy petition against the Mortgage Loan Borrower or (iii) to vote any claims with respect
to the Mortgage Loan (including claims arising from any one or more Notes) in any bankruptcy, insolvency or similar type of proceeding
of the Mortgage Loan Borrower. Each Holder shall, from time to time, execute such documents as the Lead Securitization Note Holder,
the Servicer or the Special Servicer shall reasonably request to evidence such assignment with respect to the rights described
in clause (iii) of the preceding sentence. Except when acting in the capacity of trustee or paying agent, the Lead
Securitization Note Holder (or the Servicer or the Special Servicer acting on behalf of such Lead Securitization Note Holder) shall
not have any fiduciary duty to the other Holders in connection with the administration of the Mortgage Loan but shall in all events
be obligated to act in accordance with Accepted Servicing Practices. Each Holder expressly and irrevocably waives for itself and
any Person claiming through or under such Holder any and all rights that it may have under Section 1315 of the New York Real
Property Actions and Proceedings Law or the provisions of any similar law that purports to give a junior noteholder, mortgagee
or loan participant the right to initiate any loan enforcement or foreclosure proceedings.

(b)              
Notwithstanding anything to the contrary contained herein, the exercise by the Lead Securitization Note Holder (or any Servicer
or the Trustee (if any) acting on its behalf) of its rights under this Section 20 shall be subject in all respects
to any sections of the Servicing Agreement governing REMIC administration, and in no event shall the Lead Securitization Note
Holder (or any Servicer or the Trustee (if any) acting on its behalf) be permitted to take any action or refrain from taking any
action which would violate the laws of any applicable jurisdiction, breach the Mortgage Loan Documents, violate Accepted Servicing
Practices or violate any other provisions of the Servicing Agreement or cause the arrangement evidenced hereby not to be treated
as a “grantor trust” for Federal income tax purposes. The Lead Securitization Note Holder (or any Servicer or the Trustee
(if any) acting on its behalf) shall exercise such rights and powers described in this Section 20 on the understanding
that the Lead Securitization Note Holder (or any Servicer or the Trustee (if any) acting on its behalf) shall administer the Mortgage
Loan in a manner consistent with the Servicing Agreement and this Agreement, provided that neither the Lead Securitization
Note Holder nor any Servicer or the Trustee (if any) acting on its behalf shall be liable to the other Holders with respect to
anything the Lead Securitization Note Holder or such Servicer or the Trustee (if any) may do or omit to do in relation to the Mortgage
Loan, other than as expressly set forth in this Agreement. Without limiting the generality of the foregoing, the Lead Securitization
Note Holder and any Servicer or the Trustee (if any) acting on its behalf may rely on the advice of legal counsel, accountants
and other experts (including those retained by the Mortgage Loan Borrower) and upon any written communication or telephone conversation
which the Lead Securitization Note Holder or such Servicer or the Trustee (if any) believes to be genuine and correct or to have
been signed, sent or made by the proper Person.

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

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

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

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

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

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

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

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

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

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

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

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

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

(g)              
With respect to the Specially Serviced Mortgage Loan or REO Property, which the Servicer has determined to sell in accordance
with Accepted Servicing Practices, the Servicer shall deliver to the Holders an officers’ certificate to the effect that,
the Servicer has determined to sell the Specially Serviced Mortgage Loan or REO Property in accordance with this clause (g).
The Servicer may then offer to sell to any Person the Specially Serviced Mortgage Loan which is in default or the REO Property
(and shall on a monthly basis advise the Holders in writing of the status of the Specially Serviced Mortgage Loan or REO Property)
or, subject to the following sentence, purchase the Specially Serviced Mortgage Loan or REO Property (in each case at the Defaulted
Mortgage Loan Purchase Price), but shall, in any event, so offer to sell the REO Property no later than the time determined by
the Servicer to be

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sufficient to result
in the sale of the REO Property within the period specified in the REMIC Provisions. The Servicer shall deliver such officers’
certificate and give the Holders not less than ten (10) Business Days’ prior written notice of its intention to sell the
Specially Serviced Mortgage Loan or REO Property, in which case the Servicer shall accept the highest offer received from any Person
for the Specially Serviced Mortgage Loan or the REO Property in an amount at least equal to the Defaulted Mortgage Loan Purchase
Price or, at its option, if it has received no offer at least equal to the Defaulted Mortgage Loan Purchase Price therefor, purchase
the Specially Serviced Mortgage Loan or REO Property at the Defaulted Mortgage Loan Purchase Price.

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

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

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

(k)              
The proceeds of any sale of the Specially Serviced Mortgage Loan or REO Property after deduction of the direct out-of-pocket
expenses of such sale incurred in connection therewith shall be promptly, and in any event within one (1) Business Day (or, if
received after 3:00 p.m. Eastern time, two (2) Business Days) following receipt of properly identified funds, deposited in the
Collection Account. Within thirty (30) days after the sale of the REO Property, the Servicer shall provide to the Holders a statement
of accounting for the REO Property,

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including without
limitation, (i) the date of disposition of the REO Property, (ii) the gross sales price, the selling and other expenses and the
net sales price, (iii) accrued interest on the Note A Principal Balance at the applicable Note Interest Rate for each A Note, and
on the Note B Principal Balance at the applicable Note Interest Rate for each B Note, in each case calculated from the date of
acquisition to the disposition date, and (iv) such other information as the Holders may reasonably request. The Servicer shall
file information returns regarding the abandonment or foreclosure of Mortgaged Property with the Internal Revenue Service at the
time and in the manner required by the Code.

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

21.               
Certain Powers of the Controlling Holder.

This Section
21 shall apply during the term of this Agreement; provided that from and after the Lead Securitization Date, (y) Section
21(c) and (d) shall be of no further force and effect and the analogous provisions of the Lead Securitization Servicing
Agreement shall control, and (z) Section 21(i), (j) and (k) shall be of no further force and effect.

The following
provisions shall apply during the term of this Agreement:

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

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

(c)               
If the Directing Holder fails to notify the Lead Securitization Note Holder (or the Servicer on its behalf) of its approval
or disapproval of any such Major Decision within ten (10) Business Days after delivery to the Directing Holder by the Lead Securitization
Note

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Holder (or the Servicer
on its behalf) of written notice (“Action Notice”) of such a Major Decision (which notice shall contain a legend,
in capitalized, bold-faced type containing the following statement as the top of the first page: “THIS IS A REQUEST FOR MAJOR
DECISION APPROVAL. IF THE DIRECTING HOLDER FAILS TO APPROVE OR DISAPPROVE THE ENCLOSED MAJOR ACTION WITHIN TEN (10) BUSINESS DAYS,
SUCH MAJOR DECISION WILL BE DEEMED APPROVED BY THE DIRECTING HOLDER”) together with any information requested by the Directing
Holder pursuant to Section 21(b) or this Section 21(c), then if the Directing Holder fails to approve or reject the
Major Decision within such ten (10) Business Day period, the Directing Holder’s approval will be deemed to have been given
for such Major Decision (provided, that if the Directing Holder has failed to notify the Lead Securitization Note Holder
(or the Servicer on its behalf) of its approval or disapproval of any such Major Decision within five (5) Business Days following
the delivery of the related Action Notice together with any information requested by the Directing Holder pursuant to Section
21(b) or this Section 21(c), the Lead Securitization Note Holder (or the Servicer on its behalf) will be required to
promptly provide to the Directing Holder a second Action Notice bearing the same legend as the first Action Notice). Notwithstanding
the foregoing, any amounts funded by any Holder under the Mortgage Loan Documents as a result of (1) the making of any protective
Advances or (2) interest accruals or accretions and any compounding thereof (including default interest) with respect to the Notes
shall not at any time be deemed to require prior notice to the Directing Holder (except as otherwise expressly required by this
Agreement) or otherwise contravene this subsection. To the extent the Mortgage Loan Borrower requests or the Servicer or Special
Servicer structures, as part of a workout or otherwise, an extension of the Mortgage Loan for two or more years beyond the Maturity
Date, the Servicer or Special Servicer, as applicable, shall obtain the prior written consent of the Lead Securitization Note Holder
(in the same manner as the Directing Holder) in addition to the consent of the Directing Holder. The provisions of this Section
21(c) shall be of no further force and effect from and after the Lead Securitization Date, and the analogous provisions of
the Servicing Agreement shall control.

(d)              
With respect to any proposed action requiring consultation with or approval of the Directing Holder pursuant to Section 21(b),
the Lead Securitization Note Holder (or the Servicer on its behalf) shall prepare a summary of such proposed action and an analysis
of whether or not such action is reasonably likely to produce a greater recovery on a present value basis than not taking such
action, setting forth the basis on which the Lead Securitization Note Holder (or the Servicer on its behalf) made such determination,
and shall promptly provide to each Holder copies of such summary and any other material documents and items reasonably necessary
to make such determination by hard copy or electronic means on a timely basis. If any such proposed action is disapproved by the
Directing Holder, the Servicer shall propose an alternate action (based on any counter-proposals received from the Directing Holder,
to the extent such counter-proposal is consistent with Section 21(d) or, if no such counter-proposal is received by
the Servicer when the disapproval of the Directing Holder is delivered to the Servicer, then based on any alternate course of action
that the Lead Securitization Note Holder (or the Servicer on its behalf) may deem appropriate) until the approval of the Directing
Holder is obtained; provided that if the Servicer and Directing Holder do not agree on a proposed course of action within
sixty (60) days after the date on which the Servicer first proposed a course of action and the counter-proposals received from
the Directing Holder would, in the judgment of

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the Special Servicer,
be permitted to be ignored by the Special Servicer in accordance with clause (e) below, then after giving due consideration
(subject to Section 21(d) hereof) to the alternatives and counterproposals, if any, provided by the Directing Holder
the Lead Securitization Note Holder (or the Servicer on its behalf) shall take such action as it deems appropriate in accordance
with Accepted Servicing Practices. Notwithstanding the foregoing, if in accordance with Accepted Servicing Practices, (i) the Lead
Securitization Note Holder (or the Servicer on its behalf) determines that emergency action is necessary to protect the Mortgaged
Property or the interests of the Holders (as a collective whole) at a time earlier than the time that such Servicer would otherwise
be entitled to take such action pursuant to this Section 21(d) or otherwise under this Agreement and (ii) such action requires
consultation with and/or consent of the Directing Holder, then it shall contact the Directing Holder (by telephone, email or fax)
promptly and shall discuss (unless the Directing Holder and the Lead Securitization Note Holder, as applicable, shall fail to respond
in a reasonable time frame under the circumstances) the proposed action with such Directing Holder and the Lead Securitization
Note Holder, as applicable, and, if the consent of the Directing Holder would ordinarily be required, attempt to reach agreement
within the revised time frame prior to taking the proposed action, but shall be entitled to take the necessary emergency action
within the necessary time frame regardless of whether it has been able to contact or obtained the agreement of the Directing Holder
and the Lead Securitization Note Holder. If such emergency action is taken, the Lead Securitization Note Holder (or the Servicer
on its behalf) will promptly notify the Directing Holder of the action so taken, the Servicer’s reasons for determining that
immediate action was necessary and how the action differs from the proposed actions, if any, that had theretofore been approved
by the Directing Holder. The provisions of this Section 21(d) shall be of no further force and effect from and after the
Lead Securitization Date, and the analogous provisions of the Servicing Agreement shall control.

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

(f)               
No Controlling Holder or Directing Holder shall owe any fiduciary duty to the trustee, any servicer, any special servicer,
any certificateholder in any Securitization or the

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other Holders. No
Controlling Holder or Directing Holder shall have any liability to any of the trustee, any servicer, any special servicer, any
certificateholder in any Securitization or the other Holders for any action taken, or for refraining from the taking of any action
or the giving of any consent. Each Holder (by acceptance of its Note) acknowledges and agrees that (i) the Controlling Holder
and the Directing Holder may each have relationships and interests that conflict with those of certificateholders in any Securitization
and/or the other Holders; (ii) the Controlling Holder and the Directing Holder may act solely in their respective interests;
(iii) the Controlling Holder and the Directing Holder do not have any duties to any Securitization Trust, the certificateholders
in any Securitization or the other Holders; (iv) each of the Controlling Holder and the Directing Holder may take actions
that favor interests of itself over the interests of the certificateholders in any Securitization and/or the other Holders; (v) neither
the Controlling Holder nor the Directing Holder will have any liability whatsoever to any Securitization Trust, any party to the
Lead Securitization Servicing Agreement, any party to any Non-Lead Securitization Servicing Agreement, the certificateholders in
any Securitization or the other Holders or any other person (including the Mortgage Loan Borrower) for having acted in accordance
with or as permitted under the terms of the Lead Securitization Servicing Agreement and this paragraph; and (vi) the certificateholders
in any Securitization or the other Holders may not take any action whatsoever against the Controlling Holder or the Directing Holder
or any of the respective affiliates, directors, officers, shareholders, members, partners, agents or principals thereof as a result
of the Controlling Holder or the Directing Holder having acted in accordance with the terms of and as permitted under the Lead
Securitization Servicing Agreement and this paragraph.

(g)              
The Controlling 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 replacement Special Servicer in lieu thereof. Any such replacement
Special Servicer shall be a Qualified Servicer in accordance with this Section 21(g). The Controlling Holder shall designate
a Person to serve as Special Servicer by delivering to the Non-Controlling Holders, the Servicer and the then existing Special
Servicer a written notice stating such designation and by satisfying the other conditions required under the Servicing Agreement
(including a Rating Agency Confirmation, if required by the terms of the Servicing Agreement), and by delivering to Holder that
is a Non-Lead Securitization a Rating Agency Confirmation with respect to any rated securities issued in such Non-Lead Securitization.
The Controlling Holder shall promptly pay any expenses incurred by the Lead Securitization Note Holder (or the Servicer on its
behalf) in connection with such replacement. The Controlling Holder shall notify the other parties hereto of its termination of
the then currently serving Special Servicer and its appointment of a replacement Special Servicer in accordance with this Section 21(g).
The fees payable to any replacement Special Servicer contemplated in this Section 21(g) at any time, from and after
the Lead Securitization, when the Lead Securitization Servicing Agreement is no longer in effect, shall be at then market rates
for such services. Upon the occurrence of the Lead Securitization governing the servicing of the Mortgage Loan, the initial Special
Servicer designated in the applicable Lead Securitization Servicing Agreement shall serve as the initial Special Servicer. If a
Servicer Termination Event on the part of the Special Servicer has occurred that affects the Non-Controlling Holder, the Non-Controlling
Holder shall have the right to direct the Trustee (or at any time that the Mortgage Loan is no longer included in a Securitization,
the Controlling Holder) to terminate the Special Servicer

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under the applicable
Servicing Agreement solely with respect to the Mortgage Loan pursuant to and in accordance with the terms of the Servicing Agreement.
The Controlling Holder and the Non-Controlling Holder acknowledge and agree that any successor special servicer appointed to replace
the Special Servicer with respect to the Mortgage Loan that was terminated for cause at the Non-Controlling Holder’s direction
cannot at any time be the Person (or an Affiliate thereof) that was so terminated without the prior written consent of the Non-Controlling
Holder. From and after the Lead Securitization Date, the termination and replacement of the Special Servicer shall be governed
by the Lead Securitization Servicing Agreement.

(h)              
[Reserved.]

(i)                
Notwithstanding the foregoing, within ten (10) Business Days after receipt by the Note B-1 Holder, the Note B-2 Holder or
the Note B-3 Holder of notice indicating that such Note B Holder is no longer the Controlling Holder, such Note B Holder may, at
its option, post with the Lead Securitization Note Holder (or, if a Securitization has occurred, with the applicable Master Servicer,
Special Servicer, or Trustee) (a) cash collateral for the benefit of, and reasonably acceptable to the Lead Securitization
Note Holder, the Servicer or the Special Servicer, as the case may be, or (b) a Letter of Credit (in each case, if there has
been a Securitization, together with documentation reasonably acceptable to the Lead Securitization Note Holder, the Servicer or
the Special Servicer to create and perfect a first priority security interest in favor of the Securitization in such collateral)
(to be held by Lead Securitization Note Holder in a segregated securities account solely and exclusively in the name of each Note
A Holder, meeting the Rating Agency criteria for an “eligible account” on behalf of each Note A Holder) in an amount
which, when added to and for this purpose considered a part of the appraised value of the Mortgaged Property, will cause the related
Note B Holder to remain the Controlling Holder (such cash or Letter of Credit, “Reserve Collateral”). The applicable
Note B Holder may make such election upon written notice to the Lead Securitization Note Holder of its intention to post Reserve
Collateral, and upon notifying Lead Securitization Note Holder of such intention, such Note B Holder shall post such Reserve Collateral
as quickly as practicable (but in no event more than three (3) Business Days following the receipt of the above notice) by delivering
such Reserve Collateral to Lead Securitization Note Holder. The applicable Note B Holder shall grant to and create in favor of
each Note A Holder a first priority perfected pledge and security interest in the Reserve Collateral in a manner reasonably satisfactory
to Lead Securitization Note Holder. Lead Securitization Note Holder will require an opinion, in form and substance and from counsel
reasonably acceptable to Lead Securitization Note Holder, regarding the validity, perfection and priority of each Note A Holder’s
interest in any Reserve Collateral. In addition, the applicable Note B Holder shall pay or cause to be paid any and all reasonable
out of pocket costs and expenses incurred by each Note A Holder (and any servicing party on its behalf) associated with the delivery
and/or pledge of such Reserve Collateral, including the costs and expenses of any opinion of counsel. Upon the posting of such
Reserve Collateral and satisfaction of the other conditions set forth above, the applicable Note B Holder shall be entitled to
exercise all of the rights of the Controlling Holder hereunder; provided, however, that such posting of such collateral
and such satisfaction of conditions shall not prevent such Note B Holder from losing its status as the Controlling Holder again
(provided that such collateral shall be taken into account in determining the Mortgaged Property’s value when calculating
whether such Note B Holder is no longer the Controlling Holder), in which event the

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foregoing provisions
of this paragraph shall not again apply and such Note B Holder shall not again be entitled to post Reserve Collateral. Any Reserve
Collateral shall be treated as an “outside reserve fund” for purposes of the REMIC Provisions, and such property (and
the right to reimbursement of any amounts with respect thereto from a REMIC) shall be beneficially owned by such Note B Holder,
who shall be taxed on all income with respect thereto. The provisions of this Section 21(i) shall be of no further force
and effect from and after the Lead Securitization Date.

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

(k)              
Notwithstanding the foregoing, if a Letter of Credit is posted as Reserve Collateral, then the related Note B Holder shall
provide a replacement Letter of Credit from an Approved Bank in form and substance satisfactory to Lead Securitization Note Holder
and each of such Rating Agencies (i) at least fifteen (15) Business Days before the expiration of the delivered Letter of Credit,
and (ii) if the issuer of such Letter of Credit is at any time not an Approved Bank, within five (5) Business Days following written
notice from Lead Securitization Note Holder to such effect. If the related Note B Holder does not effect such a replacement within
the periods set forth in the preceding sentence, the Lead Securitization Note Holder shall be entitled immediately thereupon to
draw on such Letter of Credit to the full extent of the amount then remaining available thereunder, in which case Lead Securitization
Note Holder shall hold the proceeds of such draw as Reserve Collateral and shall be entitled to hold and apply such Reserve Collateral
in the manner and for the purposes otherwise set forth above and below. The provisions of this Section 21(k) shall be of
no further force and effect from and after the Lead Securitization Date.

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

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

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

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

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

23.             
Reserved.

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

25.             
Governing Law; Waiver of Jury Trial. THIS AGREEMENT AND THE RESPECTIVE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER
SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE
PERFORMED ENTIRELY WITHIN SUCH STATE. EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING
OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT.

26.             
Modifications. This Agreement shall not be modified, cancelled or terminated except by an instrument in writing signed
by the parties hereto. The party seeking modification of this Agreement shall be solely responsible for any and all reasonable
expenses that may arise in order to modify this Agreement. Additionally, from and after a Securitization, the Holders shall not
amend or modify this Agreement without first receiving (i) an opinion of counsel experienced in REMIC matters that such amendment
or modification, in and of itself, would not adversely affect the REMIC status of the Mortgage Loan or this Agreement, and (ii)
a

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Rating Agency Confirmation,
except that no Rating Agency Confirmation shall be required in connection with a modification (x) prior to the Lead Securitization
Date, (y) to cure any ambiguity, to correct or supplement any provision herein that may be defective or inconsistent with any other
provisions herein or with the Servicing Agreement, or (z) to make other provisions with respect to matters or questions arising
under this Agreement, which shall not be inconsistent with the provisions of this Agreement, and (iii) if such modification, cancellation
or termination would adversely affect the rights or materially affect the duties of any Servicer or Trustee, the written consent
of such affected party.

27.             
Successors and Assigns; Third Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon
the parties hereto and their respective successors and assigns; provided, that no successors or assigns of any Initial Note
A Holder or Initial Note B Holder shall have any liability for a breach of representation or warranty set forth in this Agreement.
Each Servicer and Trustee (if any) is an intended third-party beneficiary of this Agreement. Except as provided in Section 8
and the preceding sentence, none of the provisions of this Agreement shall be for the benefit of or enforceable by any Person not
a party hereto or a successor or assign of a party hereto.

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

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

30.             
Notices. All notices required hereunder shall be given by (i) telephone (confirmed in writing) or shall be in writing
and personally delivered, (ii) sent by facsimile transmission if the sender on the same day sends a confirming copy of such notice
by reputable overnight delivery service (charges prepaid), (iii) reputable overnight delivery service (charges prepaid) or (iv)
certified United States mail, postage prepaid return receipt requested, and addressed to the respective parties at their addresses
set forth on Exhibit B hereto, or at such other address as any party shall hereafter inform the other party by written notice
given as aforesaid. All written notices so given shall be deemed effective upon receipt or, if mailed, upon the earlier to occur
of receipt or the expiration of the fourth (4th) day following the date of mailing.

31.             
Holder’s Access to Information. The Lead Securitization Note Holder (or the Interim Servicer) shall provide
to the other Holders and, from and after the Lead Securitization Date, the Lead Securitization Servicing Agreement shall provide
that such other Holders shall have access to, upon written request to the Servicer or the Trustee, as applicable, subject to any
restrictions on the distribution of such information contained in the Lead Securitization Servicing Agreement, (a) a summary of
the current status of principal and interest payments on the Mortgage Loan, (b) copies of the Mortgage Loan Borrower’s current
financial statements, to the extent in the Servicer’s possession, (c) the most recent appraisal, if any, as to the value
of the Mortgaged Property, to the extent in the Servicer’s possession, (d) a copy of the

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Lead Securitization
Servicing Agreement, (e) copies of any default or acceleration notices sent to the Mortgage Loan Borrower with respect to the Mortgage
Loan and all material correspondence related thereto, (f) material notices delivered to any Servicer by the Mortgage Loan Borrower,
(g) copies of each other report provided to the certificateholders in accordance with the express terms of the Lead Securitization
Servicing Agreement (but only to the extent such other reports relate to the Mortgage Loan or the Mortgage Loan Borrower), and
(h) other information with respect to the Mortgage Loan Borrower or the Mortgage Loan, reasonably requested by such other
Holder, to the extent required to be provided by the Servicer under the Lead Securitization Servicing Agreement and in the Servicer’s
possession or reasonably obtainable by the Servicer, in each case at the sole cost and expense of such other Holder, to the extent
not included in the regular fees and charges of the Servicer (with respect to all out-of-pocket and the reasonable administrative
and photocopying costs of the Servicer).

32.             
Custody of Mortgage Loan Documents. Prior to the Lead Securitization Date, the originals of all of the Mortgage Loan
Documents (other than the Notes, which will be held by the Holders thereof) will be held by a third-party custodian jointly selected
by the Holders. From and after the Lead Securitization Date, originals of all of the Mortgage Loan Documents (other than the Non-Standalone
Notes not included in the Lead Securitization, which will be held by the Holders thereof) shall be held by the Servicer, Trustee
or custodian on its behalf, or other applicable Person under the Lead Securitization Servicing Agreement.

33.             
Statement of Intent. It is the intention of the parties hereto that, for purposes of federal income taxes, state
and local income and franchise taxes and any other taxes imposed upon, measured by or based upon gross or net income, this Agreement
shall be treated as creating a “grantor trust” (within the meaning of Code Section 671). The terms of this Agreement
shall be interpreted to further this intention of the parties. The parties hereto agree that, unless otherwise required by appropriate
tax authorities, the Lead Securitization Note Holder (or the Trustee (if any) on its behalf) shall file or cause to be filed annual
or other necessary returns, reports and other forms consistent with such intended characterization. Each other Holders, by its
acceptance of its interest herein, agrees, unless otherwise required by appropriate tax authorities, to file its own tax returns
and reports in a manner consistent with such characterization. If the Internal Revenue Service were to characterize this Agreement
as a partnership for federal income tax purposes, then each such other Holders authorizes and directs the Lead Securitization Note
Holder to elect out of partnership accounting pursuant to Treasury Regulation Section 1.761-2, and agrees to file its own tax returns
and reports in a manner consistent therewith.

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

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35.             
Servicers of the Mortgage Loan. Wells Fargo Bank, National Association is hereby appointed by the Holders as the
Interim Servicer of the Mortgage Loan. From and after the Lead Securitization Date, pursuant to this Agreement and the Lead Securitization
Servicing Agreement, Wells Fargo Bank, National Association will be appointed as the initial master servicer of the Trust Loan
and the primary servicer of the Mortgage Loan and CWCapital Asset Management LLC will be appointed as the initial special servicer
of the Mortgage Loan. Prior to the Lead Securitization Date, the Lead Securitization Note Holder shall have the right to appoint
and remove the Interim Servicer with or without cause under this Agreement and from and after the Lead Securitization Date, the
Lead Securitization Note Holder shall have the right to appoint and remove the Master Servicer and the Special Servicer in accordance
with the terms of the Lead Securitization Servicing Agreement. All rights and obligations of the Lead Securitization Note Holder
described hereunder may be exercised by the Servicer and/or the Special Servicer (except as set forth in the preceding sentence)
and, to the extent applicable, the Certificate Administrator, the Trustee or the paying agent on behalf of the Lead Securitization
Note Holder and the other Holders agree to cooperate with any such Persons with respect to its exercise of such rights and obligations.

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

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

38.             
[Reserved.]

39.             
Withholding Taxes.

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

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

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

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

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

(b)              
Notwithstanding any other provision of this Agreement, for so long as any Initial Holder or any affiliate thereof (an “Initial
Holder Entity”) is the owner of an A Note (each, an “Owned Note”), such Initial Holder Entity shall
have the right, subject to the terms of the Mortgage Loan Documents, to cause the Mortgage Loan Borrower to execute amended and
restated notes or additional notes (in either case, “New Notes”) reallocating the principal of an Owned Note
to such New Notes; or severing an Owned Note into one or more further “component” notes in the aggregate principal
amount equal to the then outstanding principal balance of such Owned Note; provided that (i) the aggregate principal balance
of all outstanding New Notes following such amendments is no greater than the aggregate principal of such Owned Note prior to such
amendments, (ii) all Notes continue to have the same weighted average interest rate as the Notes prior to such amendments, (iii)
all New Notes pay pro rata and on a pari passu basis and such reallocated or component notes shall be automatically
subject to the terms of this Agreement, (iv) the Initial Holder Entity holding the New Notes shall notify the Lead Securitization
Note Holder, the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee in writing of such modified
allocations and principal amounts, and (v) the execution of such amendments and New Notes does not violate Accepted Servicing Practices.
If the Lead Securitization Note Holder so requests, the Initial Holder 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.
In connection with the foregoing (provided the conditions set forth in (i) through (v) above are satisfied,
with respect to (i) through (iv), as certified by the applicable Initial Holder 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.

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

    68

     

    

(i)                
the Master Servicer, Special Servicer and Trustee for such Lead Securitization shall be required to notify the master servicer,
the special servicer and the trustee under each Non-Lead Securitization Servicing Agreement of the amount of any P&I Advance
it has made with respect to the Standalone Notes included in the Lead Securitization Trust or Property Advances it has made with
respect to the Mortgaged Property within two (2) Business Days of making any such advance;

(ii)              
if the Master Servicer determines that a proposed P&I Advance or Property Advance, if made, or any outstanding P&I
Advance or Property Advance previously made, would be, or is, as applicable, a “nonrecoverable advance,” the Master
Servicer shall provide the servicers under any Non-Lead Securitization Servicing Agreement written notice of such determination
within two (2) Business Days after such determination was made and such determination with regard to any Property Advance shall
be binding on the servicers under the Non-Lead Securitization Servicing Agreement;

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

(iv)            
with respect to each other Note that is held by a Non-Lead Securitization, the Master Servicer shall make available all
reports constituting the “CREFC Investor Reporting Package® (CREFC® IRP)” (excluding
any templates) pursuant to the terms of the Lead Securitization Servicing Agreement;

(v)              
the Master Servicer and Special Servicer shall provide to each Non-Standalone Note Holder all documents and other information
regarding the Mortgage Loan provided to the “Directing Holder” (or analogous term), as such term is defined in the
Lead Securitization Servicing Agreement, pursuant to the terms and conditions of the Lead Securitization Servicing Agreement at
the time provided to such “Directing Holder”;

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

(vii)          
the Holders of the Non-Standalone Notes shall be entitled to the same indemnity by the applicable parties to the Lead Securitization
Servicing Agreement with respect to the Mortgage Loan as the applicable parties to the Lead Securitization Servicing Agreement
are provided with respect to the Mortgage Loan under the Lead Securitization Servicing Agreement; the Master Servicer, any primary
servicer, the

    69

     

    

 

Special Servicer,
the Trustee and the Certificate Administrator shall be required to indemnify each “certification party” and the depositors
under each Non-Lead Securitization Servicing Agreement related to any public Non-Lead Securitization to the same extent that they
indemnify the Lead Securitization “certification party” and Depositor for their failure to deliver the items in clause
(viii) below in a timely manner and for any Deficient Exchange Act Deliverable (as defined in the Lead Securitization Servicing
Agreement or any similar term thereto) regarding, and delivered by or on behalf of, such party;

(viii)        
with respect to any Non-Lead Securitization that is subject to following reporting requirements under the Securities Act
of 1933, as amended, the Securities Exchange Act of 1934 (including Rule 15Ga-1), as amended, and Regulation AB, (a) the Master
Servicer, any primary servicer, the Special Servicer and the Trustee, Certificate Administrator or other party acting as custodian
under the Lead Securitization Servicing Agreement shall be required to (1) deliver (and shall be required to cause each other servicer
and servicing function participant (within the meaning of Items 1123 and 1122, respectively, of Regulation AB) retained or engaged
by it to deliver), in a timely manner, (i) the reports, certifications, compliance statements, accountants’ assessments and
attestations, information to be included in reports (including, without limitation, Form 15G, Form 10-K, Form 10-D and Form 8-K),
and (ii) upon request, any other materials specified in each of the Non-Lead Securitization Servicing Agreements as the parties
to the applicable Non-Lead Securitization may require in order to comply with their obligations under the Securities Act of 1933,
as amended, Securities Exchange Act of 1934 (including Rule 15Ga-1), as amended, and Regulation AB, and any other applicable law,
and (2) to the extent applicable, to cooperate with any depositor in a Non-Lead Securitization in responding to comments from the
Commission regarding any materials provided by such party in the immediately preceding clause (1), and (b) without limiting
the generality of the foregoing, the Depositor for the Lead Securitization shall provide in a timely manner to the depositor and
the trustee for any Non-Lead Securitization a copy of the Lead Securitization Servicing Agreement and each of the Master Servicer,
the Special Servicer, Trustee, Certificate Administrator or other party acting as custodian for the Lead Securitization will be
required to provide to the depositor, at the expense of the requesting party, and the trustee for any Non-Lead Securitization,
any other disclosure information required pursuant to Regulation AB or the Securities Exchange Act of 1934, as amended, in a timely
manner for inclusion in any disclosure document or Form 8-K filing and market indemnification agreements, opinions and Regulation
AB compliance letters as were or are being delivered with respect to the Lead Securitization. The Master Servicer, any primary
servicer and the Special Servicer shall each be required to provide certification and indemnification to any Certifying Person
with respect to any applicable Sarbanes-Oxley Certification (or analogous terms) as such terms are defined in the related Non-Lead
Securitization Servicing Agreement;

(ix)            
each of the Master Servicer, the Special Servicer, the custodian, the Trustee and the Certificate Administrator and each
Affected Reporting Party (as defined in the Lead Securitization Servicing Agreement) shall cooperate (and require each Servicing
Function Participant (as defined in the Lead Securitization Servicing

    70

     

    

 

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

(x)              
amounts received by the Master Servicer that represent late collections or principal Prepayments on the Non-Standalone Notes,
net of any portion thereof payable or reimbursable to any third party in accordance with this Agreement, shall be remitted by the
Master Servicer to the Holders of such Non-Standalone Notes within one (1) Business Day of receipt of properly identified funds;
provided, however, 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 collection or principal Prepayments to the
master servicer of any applicable Non-Lead Securitization 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 Holder of a Non-Standalone Note is an intended third-party beneficiary in respect of the rights afforded them under
the Lead Securitization Servicing Agreement and the related master servicers under each Non-Lead Securitization Servicing Agreement
will be entitled to enforce the rights of the Holders of the Non-Standalone Notes under this Agreement and the Lead Securitization
Servicing Agreement;

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

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

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(xiv)        
the Lead Securitization Servicing Agreement shall not be amended in any manner that adversely affects in any material respects
the Non-Standalone Note Holders without the consent of such Holders;

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

(xvi)        
Servicer Termination Events (as defined in the Lead Securitization Servicing Agreement or analogous term) with respect to
the Master Servicer and the Special Servicer shall include (i) the failure to remit payments to the Holder of any Non-Standalone
Note as and when required by this Agreement and the Lead Securitization Servicing Agreement; (ii) the qualification, downgrade
or withdrawal of ratings of any class of certificates in any Non-Lead Securitization, publicly citing servicing concerns with the
Master Servicer or the Special Servicer, as applicable, as the sole or material factor in such rating action (and such qualification,
downgrade or withdrawal has not been withdrawn within 60 days of such event); and (iii) the failure to provide to the Holder of
any Non-Standalone Note (if and to the extent required under the Lead Securitization Servicing Agreement) reports required under
the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder, within the time necessary for compliance
in the Lead Securitization Servicing Agreement (which shall be sufficient for the Holders of the Non-Standalone Notes to comply
with the applicable filing requirements). Upon the occurrence of a Servicer Termination Event with respect to a Holder of any Non-Standalone
Note, the related Trustee under the Lead Securitization shall, upon the direction of the Holder of such Non-Standalone Note, require
(i) in the case of a Servicer Termination Event relating to the Master Servicer, the appointment of a subservicer with respect
to the related Note or (ii) in the case of a Servicer Termination Event relating to the Special Servicer, the termination of the
Special Servicer;

(xvii)      
the Special Servicing Fee for the Mortgage Loan and any related REO Property shall be calculated at a rate not in excess
of 15 basis points (0.15%) per annum and shall accrue only while the Mortgage Loan is specially serviced or after the Mortgaged
Property has become REO Property;

(xviii)    
subject to various adjustments and caps provided for in the Lead Securitization Servicing Agreement, the Liquidation Fee
for the Mortgage Loan if it is a Specially Serviced Mortgage Loan or REO Property as to which a Liquidation Fee is payable shall
not exceed 0.25% of the proceeds of a full, partial or discounted payoff or the Net Liquidation Proceeds (as defined in the Lead
Securitization Servicing Agreement) related to a liquidation or repurchase of the Mortgage Loan, in each case exclusive of any
portion of such payoff or Net Liquidation Proceeds (as defined in the Lead Securitization Servicing Agreement) that represents
Penalty Charges;

(xix)        
subject to various adjustments and caps provided for in the Lead Securitization Servicing Agreement, the Workout Fee (as
defined in the Lead

    72

     

    

Securitization Servicing Agreement)
for the Mortgage Loan shall not exceed 0.25% of each collection of interest and principal on the Mortgage Loan;

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

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

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

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

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

(iii)            
if the related Holder of such Note is responsible for its proportionate share of any Nonrecoverable Property Advances (or
any other portion of a Nonrecoverable Property Advance) (and Advance Interest Amount thereon) or other fee or expense pursuant
to Section 9, and that if funds received with respect to such Note are insufficient to cover such amounts, the related master
servicer under the related Non-Lead Securitization Servicing Agreement will be required to pay the Master Servicer, Special Servicer
or Trustee under the Lead Securitization Servicing Agreement, as applicable, out of general funds in the collection account (or
equivalent account) established under the related Non-Lead Securitization Servicing Agreement (provided that this clause
(iii) shall not apply to Nonrecoverable P&I Advances relating to any Standalone Notes);

(iv)            
each of the Master Servicer and the Special Servicer shall be indemnified (as and to the same extent the Lead Securitization
Trust is required to indemnify each such party) against any claims, losses, penalties, fines, forfeitures, legal fees and related
costs, judgments and any other costs, liabilities, fees and expenses, incurred in connection with the Lead Securitization Servicing
Agreement that relate solely to its servicing of the Mortgage Loan, and the master servicer under the related Non-Lead Securitization

    73

     

    

Servicing Agreement will be required
to reimburse the Master Servicer or Special Servicer under the Lead Securitization Servicing Agreement, as applicable, out of general
funds in the collection account (or equivalent account) established under the related Non-Lead Securitization Servicing Agreement;

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

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

(e)               
Each Non-Standalone Note Holder shall give each of the parties to the Lead Securitization Servicing Agreement and any related
Non-Lead Securitization Servicing Agreement (in each case, that will not also be a party to such Non-Lead Securitization Servicing
Agreement related to the Non-Lead Securitization that will include such Holder’s Non-Standalone Note) notice of the related
Non-Lead Securitization in writing (which may be by e-mail) not less than 5 Business Days’ prior to the closing of such Non-Lead
Securitization. Such notice shall contain contact information for each of the parties to the applicable Non-Lead Securitization
Servicing Agreement. In addition, after the closing of the applicable Non-Lead Securitization, such Non-Standalone Note Holder
shall send (i) a copy of the related Non-Lead Securitization Servicing Agreement to each of the parties to the Lead Securitization
Servicing Agreement and (ii) notice of any subsequent change in the identity of the master servicer under the Non-Lead Securitization
Servicing Agreement or the party designated to exercise the rights of the Non-Controlling Holder under this Agreement (together
with the relevant contact information).

(f)               
Following the closing of the Lead Securitization, upon receipt of written notice (which may be by email) of the closing
of any Non-Lead Securitization, the Depositor

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shall provide the
depositor under the related Non-Lead Securitization Servicing Agreement with a copy of the Lead Securitization Servicing Agreement
in an EDGAR-compatible format.

(g)              
In the event that a Non-Lead Securitization closes prior to the Lead Securitization, the Holder selling its Note into a
Securitization that will be the Lead Securitization shall provide written notice of such Lead Securitization to the depositor and
trustee of each Non-Lead Securitization and, promptly upon the execution of the Lead Securitization Servicing Agreement (but not
later than one Business Day after the day on which such document is executed), shall provide a copy of the Lead Securitization
Servicing Agreement in an EDGAR-compatible format.

[NO FURTHER TEXT ON THIS PAGE]

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

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, as an
Initial Note A Holder
 
	 	By: 	/s/ Jeffrey Cirillo
	 	 	Name: Jeffrey Cirillo
	 	 	Title:   Managing Director

    HUDSON YARDS 2019-55HY: CO-LENDER AGREEMENT

     

    

 

	 	DBR INVESTMENTS CO. LIMITED, as  Initial Note
A Holder
 
	 	By: 	/s/ Matt Smith
	 	 	Name: Matt Smith
	 	 	Title:   Director

	 	By: 	/s/ Natalie Grainger
	 	 	Name: Natalie Grainger
	 	 	Title:   Director

 

    HUDSON YARDS 2019-55HY: CO-LENDER AGREEMENT

     

    

 

	 	MORGAN STANLEY BANK, NATIONAL ASSOCIATION, as
an Initial Note A Holder
 
	 	By: 	/s/ Kristin Sansone
	 	 	Name: Kristin Sansone
	 	 	Title:   Authorized Signatory

 

    HUDSON YARDS 2019-55HY: CO-LENDER AGREEMENT

     

    

 

	 	WELLS FARGO BANK, NATIONAL
ASSOCIATION, as Initial Note B-1 Holder
 
	 	By: 	/s/ Jeffrey Cirillo
	 	 	Name: Jeffrey Cirillo
	 	 	Title:   Managing Director

 

    HUDSON YARDS 2019-55HY: CO-LENDER AGREEMENT

     

    

 

	 	DBR INVESTMENTS CO. LIMITED, as Initial Note B-2
Holder
 
	 	By: 	/s/ Matt Smith
	 	 	Name: Matt Smith
	 	 	Title:   Director

	 	By: 	/s/ Natalie Grainger
	 	 	Name: Natalie Grainger
	 	 	Title:   Director

 

    HUDSON YARDS 2019-55HY: CO-LENDER AGREEMENT

     

    

 

	 	MORGAN STANLEY BANK, NATIONAL ASSOCIATION, as
Initial Note B-3 Holder
 
	 	By: 	/s/ Kristin Sansone
	 	 	Name: Kristin Sansone
	 	 	Title:   Authorized Signatory

 

 

    HUDSON YARDS 2019-55HY: CO-LENDER AGREEMENT

     

    

SCHEDULE 1

Permitted Fund Managers

	 	1.	AllianceBernstein
	 	2.	Annaly Capital Management
	 	3.	Apollo Real Estate Advisors
	 	4.	Archon Capital, L.P.
	 	5.	AREA Property Partners
	 	6.	Artemis Real Estate Partners
	 	7.	BlackRock, Inc.
	 	8.	Clarion Partners
	 	9.	Colony Northstar, Inc.
	 	10.	DLJ Real Estate Capital Partners
	 	11.	Dune Real Estate Partners
	 	12.	Eightfold Real Estate Capital, L.P.
	 	13.	Five Mile Capital Partners
	 	14.	Fortress Investment Group, LLC
	 	15.	Garrison Investment Group
	 	16.	H/2 Capital Partners LLC
	 	17.	Hudson Advisors
	 	18.	Investcorp International
	 	19.	iStar Financial Inc.
	 	20.	J.P. Morgan Investment Management Inc.
	 	21.	JER Partners
	 	22.	Lend-Lease Real Estate Investments
	 	23.	Libermax Capital LLC
	 	24.	LoanCore Capital
	 	25.	Lone Star Funds
	 	26.	Lowe Enterprises
	 	27.	Normandy Real Estate Partners
	 	28.	Och-Ziff Capital Management Group
	 	29.	Praedium Group
	 	30.	Raith Capital Partners, LLC
	 	31.	Rialto Capital Management LLC
	 	32.	Rialto Capital Advisors LLC
	 	33.	Rockpoint Group
	 	34.	Rockwood
	 	35.	RREEF Funds
	 	36.	Square Mile Capital Management
	 	37.	The Blackstone Group
	 	38.	The Carlyle Group
	 	39.	Torchlight Investors
	 	40.	Walton Street Capital, L.L.C.
	 	41.	Westbrook Partners

    S-1

     

    

 

	 	42.	Wheelock Street Capital
	 	43.	Whitehall Street Real Estate Fund, L.P.

 

 

 

 

 

 

 

 

 

    S-2

     

    

EXHIBIT A

MORTGAGE LOAN SCHEDULE

Part A.Description of Mortgage
Loan

	Mortgage Loan Borrower:	One Hudson Yards Owner LLC
	Date of Mortgage Loan: 	November 21, 2019
	Initial Principal Amount of Mortgage Loan:	$1,245,000,000.00
	Closing Date Mortgage Loan Principal Balance:	$1,245,000,000.00
	Location of Mortgaged Property:	New York, New York
	Current Use of Mortgaged Property:	Office
	Mortgage Interest Rate:	2.95% per annum (the weighted average of the Note Interest Rates for all of the Notes, weighted according to the principal balances of the Notes), as of the date hereof
	Mortgage Default Rate:	5.95% per annum (the weighted average of the Note Default Interest Rates for all of the Notes, weighted according to the principal balances of the Notes), as of the date hereof (or such lesser rate permitted by applicable law)
	Maturity Date:	December 6, 2029
	Prepayment Fee:	An amount equal to the greater of (i) the Yield Maintenance Amount, or (ii) 1% of the unpaid principal balance of the Notes as of the repayment date. “Yield Maintenance Amount” means the present value, as of the repayment date, of the remaining scheduled payments of principal and interest from the repayment date through June 6, 2029 (including any balloon payment) determined by discounting such payments at rate which, when compounded monthly, is equivalent to the lesser of the Treasury Rate and the Swap Rate, when compounded semi-annually, less the amount of principal being prepaid on the repayment date.

    A-1

     

    

Part B.Description of Notes

	Note	Initial Note 

Principal Balance	Initial Percentage

 Interest (approx.)	Note Interest 

Rate (per annum)	Note Default Interest Rate	Initial Holder	Standalone Note 

(Yes/No)
	
        Note A-1-S1

         
	$28,350,000	2.2771084337349400%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	WFB	Yes
	
        Note A-1-S2

         
	$28,350,000	2.2771084337349400%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	WFB	Yes
	
        Note A-1-S3

         
	$170,100,000	13.6626506024096000%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	WFB	Yes
	
        Note A-1-C1

         
	$28,350,000	2.2771084337349400%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	WFB	Yes
	
        Note A-1-C2

         
	$28,350,000	2.2771084337349400%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	WFB	Yes
	
        Note A-1-C3

         
	$28,350,000	2.2771084337349400%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	WFB	No
	
        Note A-1-C4

         
	$28,350,000	2.2771084337349400%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	WFB	No
	
        Note A-1-C5

         
	$75,000,000	6.0240963855421700%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	WFB	No
	
        Note A-1-C6

         
	$75,000,000	6.0240963855421700%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	WFB	No
	
        Note A-1-C7

         
	$54,000,000.00	4.3373493975903600%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	WFB	No
	
        Note A-1-C8

         
	$22,800,000	1.8313253012048200%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	WFB	Yes
	
        Note A-2-S1

         
	$9,450,000	0.7590361445783130%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	DBRI	Yes
	
        Note A-2-S2

         
	$9,450,000	0.7590361445783130%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	DBRI	Yes
	
        Note A-2-S3

         
	$56,700,000	4.5542168674698800%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	DBRI	Yes
	
        Note A-2-C1

         
	$9,450,000	0.7590361445783130%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	DBRI	Yes
	
        Note A-2-C2

         
	$9,450,000	0.7590361445783130%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	DBRI	Yes
	
        Note A-2-C3

         
	$9,450,000	0.7590361445783130%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	DBRI	No
	
        Note A-2-C4

         
	$9,450,000	0.7590361445783130%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	DBRI	No
	
        Note A-2-C5

         
	$25,000,000	2.0080321285140600%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	DBRI	No

    A-2

     

    

 

	Note	Initial Note 

Principal Balance	Initial Percentage

 Interest (approx.)	Note Interest 

Rate (per annum)	Note Default Interest Rate	Initial Holder	Standalone Note 

(Yes/No)
	
        Note A-2-C6

         
	$25,000,000	2.0080321285140600%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	DBRI	No
	
        Note A-2-C7

         
	$18,000,000	1.4457831325301200%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	DBRI	No
	
        Note A-2-C8

         
	$7,600,000	0.6104417670682730%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	DBRI	Yes
	
        Note A-3-S1

         
	$9,450,000	0.7590361445783130%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	MSBNA	Yes
	
        Note A-3-S2

         
	$9,450,000	0.7590361445783130%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	MSBNA	Yes
	
        Note A-3-S3

         
	$56,700,000	4.5542168674698800%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	MSBNA	Yes
	
        Note A-3-C1

         
	$9,450,000	0.7590361445783130%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	MSBNA	Yes
	
        Note A-3-C2

         
	$9,450,000	0.7590361445783130%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	MSBNA	Yes
	
        Note A-3-C3

         
	$9,450,000	0.7590361445783130%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	MSBNA	No
	
        Note A-3-C4

         
	$9,450,000	0.7590361445783130%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	MSBNA	No
	
        Note A-3-C5

         
	$25,000,000	0.7590361445783130%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	MSBNA	No
	
        Note A-3-C6

         
	$25,000,000	2.0080321285140600%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	MSBNA	No
	
        Note A-3-C7

         
	$18,000,000	1.4457831325301200%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	MSBNA	No
	
        Note A-3-C8

         
	$7,600,000	0.6104417670682730%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	MSBNA	Yes
	
        Note B-1

         
	$180,000,000	14.4578313253012000%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	WFB	Yes
	
        Note B-2

         
	$60,000,000	4.8192771084337400%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	DBRI	Yes
	
        Note B-3

         
	$60,000,000	4.8192771084337400%	2.9500%	the lesser of (i) the maximum allowable legal rate and (ii) 3% above the Note Interest Rate	MSBNA	Yes

    A-3

     

    

EXHIBIT B

NOTICES

WFB as a Note A Holder:

Wells Fargo Bank, National Association

375 Park Avenue, 2nd Floor

J0127-023

New York, New York 10152

Attention: A.J. Sfarra

Email: Anthony.sfarra@wellsfargo.com

with a copy to:

Troy Stoddard, Esq.

Senior Counsel

Wells Fargo Law Department

D1053-300

301 South College St.

Charlotte, North Carolina 28202

Email: troy.stoddard@wellsfargo.com

with a copy to (if by email):

david.burkholder@cwt.com

DBRI as a Note A Holder:

DBR Investments Co. Limited

60 Wall Street, 10th Floor

New York, NY 10005

Attention: Robert W. Pettinato, Jr.

Facsimile No.: (212) 797-4489

 

with a copy to:

 

DBR Investments Co. Limited

60 Wall Street, 10th Floor

New York, New York 10005

Attention: General Counsel

Facsimile No.: (646) 736-5721

MSBNA as a Note A Holder:

Morgan Stanley Bank, N.A.

1585 Broadway

    B-1

     

    

New York, New York 10036

Attention: Jane Lam

 

with a copy to:

 

Morgan Stanley Bank, N.A.

1633 Broadway, 29th Floor

New York, New York 10019

Attention: Legal Compliance Division

Note B-1 Holder:

Wells Fargo Bank, National Association

375 Park Avenue, 2nd Floor

J0127-023

New York, New York 10152

Attention: A.J. Sfarra

Email: Anthony.sfarra@wellsfargo.com

with a copy to:

Troy Stoddard, Esq.

Senior Counsel

Wells Fargo Law Department

D1053-300

301 South College St.

Charlotte, North Carolina 28202

Email: troy.stoddard@wellsfargo.com

with a copy to (if by email):

david.burkholder@cwt.com

Note B-2 Holder:

DBR Investments Co. Limited

60 Wall Street, 10th Floor

New York, NY 10005

Attention: Robert W. Pettinato, Jr.

Facsimile No.: (212) 797-4489

 

with a copy to:

 

DBR Investments Co. Limited

60 Wall Street, 10th Floor

New York, New York 10005

    B-2

     

    

Attention: General Counsel

Facsimile No.: (646) 736-5721

Note B-3 Holder:

Morgan Stanley Bank, N.A.

1585 Broadway

New York, New York 10036

Attention: Jane Lam

 

with a copy to:

 

Morgan Stanley Bank, N.A.

1633 Broadway, 29th Floor

New York, New York 10019

Attention: Legal Compliance Division

 

 

 

    B-3

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