Document:

Exhibit 4.19

EXECUTION VERSION

 

 

Vernon Tower

 

CO-LENDER AGREEMENT

Dated as of January 27, 2020

by and between

BSPRT CMBS FINANCE, LLC

(Note A-1 Holder)

and

BSPRT CMBS FINANCE, LLC 

(Note A-2 Holder)

 

 

    	 	 	 

    	 

    

TABLE OF CONTENTS

Page

	1.	Definitions; Conflicts.	1
	2.	Servicing of the Mortgage Loan.	13
	3.	Priority of  Notes.	15
	4.	Workout.	15
	5.	Accounts; Payment Procedure.	15
	6.	Limitation on Liability.	16
	7.	Representations of the Holders.	16
	8.	Independent Analyses of each Holder.	17
	9.	No Creation of a Partnership or Exclusive Purchase Right.	17
	10.	Not a Security.	18
	11.	Other Business Activities of the Holders.	18
	12.	Transfer of Notes.	18
	13.	Registration of Transfer.	20
	14.	Registration of Note A-1 and Note A-2.	20
	15.	Statement of Intent.	21
	16.	Exercise of Remedies by the Servicer.	21
	17.	Rights of the Directing Holder.	23
	18.	Appointment of Special Servicer.	24
	19.	Rights of the Non-Directing Holder.	25
	20.	Advances; Reimbursement of Advances.	26
	21.	Provisions Relating to Securitization.	27
	22.	Governing Law; Waiver of Jury Trial.	32
	23.	Submission To Jurisdiction; Waivers.	33
	24.	Modifications.	33
	25.	Successors and Assigns; Third Party Beneficiaries.	33
	26.	Counterparts.	34
	27.	Captions.	34
	28.	Notices.	34
	29.	Severability.	34
	30.	Entire Agreement.	34
	31.	Withholding Taxes.	34
	32.	Custody of Mortgage Loan Documents.	35
	33.	Certain Matters Affecting the Agent.	35
	34.	Termination of Agent.	36

 

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THIS CO-LENDER
AGREEMENT (the “Agreement”), dated as of January 27, 2020, is by and between BSPRT
CMBS FINANCE, LLC, a Delaware limited liability company (“BSP”), having an address at 1345 Avenue of
the Americas, Suite 32A, New York, New York 10105, as the holder of Note A-1, BSP in its capacity as initial agent, the
“Initial Agent” and BSP, as the holder of Note A-2.

W I T N E S S E T H:

WHEREAS, BSPRT CMBS
Finance, LLC has made a mortgage loan in the original principal amount of $43,250,000.00 (the “Mortgage Loan”)
to Vernon Tower LLC (the “Borrower”) pursuant to a loan agreement between the Borrower, as borrower, and BSPRT
CMBS Finance, LLC, as lender, dated as of December 4, 2019 (the “Loan Agreement”), which Mortgage Loan was evidenced
by a single promissory note in the original principal amount of $43,250,000.00 (the “Original Promissory Note”);

WHEREAS, the Mortgage
Loan is secured by a first mortgage lien (the “Mortgage”) on the Borrower’s fee interest in the property
known as Vernon Tower located at 31-43 Vernon Boulevard, Astoria, NY 11106 (the “Mortgaged Property”);

WHEREAS, the Mortgage
Loan is presently evidenced by the following promissory notes: Promissory Note A-1 in the original principal amount of
$26,450,000 and Promissory Note A-2 in the original principal amount of $16,800,000 (“Note A-1”
and “Note A-2” respectively and individually, each, a “Note” and collectively
the “Notes”), each of which is in favor of BSP as successor by assignment from BSPRT CMBS Finance, LLC;

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

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

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

1.                 
Definitions; Conflicts. References to a “Section” or the “recitals” are, unless otherwise
specified, to a Section or the recitals of this Agreement. Capitalized terms used but not otherwise defined herein shall have
the meanings assigned or an analogous term in (i) prior to the Note A-1 Securitization Date, the Model PSA and (ii) from and after
the Note A-1 Securitization Date, the Securitization Servicing Agreement. To the extent of any inconsistency between this Agreement
and the Servicing Agreement, the terms of this Agreement shall control.

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

“Acceptable
Insurance Default” shall have the meaning (i) prior to the Note A-1 Securitization Date, assigned to such term or an
analogous term in the Model PSA and (ii) from and after the Note A-1 Securitization Date, assigned to such term or an analogous
term in the Securitization Servicing Agreement.

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

“Affiliate”
shall mean, with respect to any specified Person, any other Person Controlling or Controlled by or under common Control with such
specified Person.

“Agent”
shall mean the Initial Agent or such Person to whom the Initial Agent shall delegate its duties hereunder, and from and after the
Note A-1 Securitization Date shall mean the Master Servicer in its role as “Companion Paying Agent” (or equivalent
term) under the Securitization Servicing Agreement.

“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
1345 Avenue of the Americas, Suite 32A, New York, New York 10105, 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 Holders.

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

“Appraisal”
shall have the meaning (i) prior to the Note A-1 Securitization Date, assigned to such term or an analogous term in the Model PSA
and (ii) from and after the Note A-1 Securitization Date, assigned to such term or an analogous term in the Securitization Servicing
Agreement.

“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.

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

“BSP”
shall mean BSPRT CMBS Finance, LLC, and its successors in interest.

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

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

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

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

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

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

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

“Control”
shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies
of an entity, whether through the ability to exercise voting power, by contract or otherwise, and the terms “Controlling”
and “Controlled” have meanings correlative to the foregoing.

“CREFC®
Investor Reporting Package®” shall have the meaning assigned to such term or an analogous term in the
Servicing Agreement.

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

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

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

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

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

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“Excluded
Amounts” shall mean:

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

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

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

but shall not include (A) any amounts
received in respect of any P&I Advances (and interest thereon), (B) any Servicing Fees due to the Master Servicer in excess
of the Servicing Fee calculated at the “primary servicing fee rate” set forth in the Servicing Agreement and (C) any
trustee fees.

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

“Holder”
shall mean the Note A-1 Holder and/or the Note A-2 Holder, as the context indicates.

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

“Interim
Servicing Agreement” shall mean that certain Servicing Agreement dated as of August 10, 2017, between BSPRT CRE Finance,
LLC, as owner, and Wells Fargo Bank, National Association, as servicer.

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

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

“Lead Note”
shall mean Note A-1.

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

“Lead Securitization”
shall mean the trust established under the Note A-1 Securitization.

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“Lead Securitization
Trust” shall mean the trust established under the Note A-1 Securitization.

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

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

“Liquidation
Proceeds” shall mean (i) prior to the Note A-1 Securitization Date, the amount (other than insurance proceeds, condemnation
awards or amounts required to be paid to the Mortgage Loan Borrower or other Persons pursuant to the Mortgage Loan Documents or
applicable law) received in connection with (y) the liquidation of a Specially Serviced Mortgage Loan through a trustee’s
sale, foreclosure sale or otherwise or (z) a sale of the Mortgage Loan or an REO Property in accordance with this Agreement and
(ii) from and after the Note A-1 Securitization Date, the meaning assigned to such term or an analogous term in the Securitization
Servicing Agreement.

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

“Major Action”
shall have the meaning (i) prior to the Note A-1 Securitization Date, assigned to the term “Material Action”, “Major
Action”, “Major Decision” or any equivalent term in the Model PSA and (ii) from and after the Note A-1 Securitization
Date, assigned to the term “Material Action”, “Major Action”, “Major Decision” or any equivalent
term in the Securitization Servicing Agreement.

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

“Master Servicer
Remittance Date” shall mean:

(i)               
with respect to Note A-1, the “Master Servicer Remittance Date” (or analogous term) as defined in the Servicing
Agreement; and

(ii)               
with respect to Note A-2, the earlier of (a) the “Master Servicer Remittance Date” (or analogous term) as defined
in the Servicing Agreement or (b) the first Business Day after the “determination date,” as such term or a similar
term is defined in the Note A-2 PSA, provided, however, that no remittance is required to be made until two Business Days after
receipt of the scheduled monthly payment with respect to the Mortgage Loan.

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

“Model PSA”
shall mean the Pooling and Servicing Agreement for the WFCM 2018-C50 transaction, among Wells Fargo Commercial Mortgage Securities,
Inc., as depositor, Wells Fargo Bank, National Association, as master servicer, Rialto Capital Advisors, LLC, as special servicer,
Wells Fargo Bank, National Association, as certificate administrator, Wilmington Trust, National Association, as trustee, and Park
Bridge Lender Services LLC, as operating advisor and as asset representations reviewer.

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

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

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

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

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

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

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

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

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

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

“Non-Directing
Holder” shall mean the Note A-2 Holder or, if Note A-2 is included in a Securitization, the holders of Certificates representing
the specified interest in the class of Certificates designated as the “controlling class” or the duly appointed representative
of the holders of such Certificates or such other party otherwise entitled under the Note A-2 PSA, to exercise the rights granted
to the Non-Directing Holder in this Agreement. If Note A-2 is no longer in a Securitization, the Non-Directing Holder
with respect to such Note will be the then-current Holder of such 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 Note A-1 Holder to
make such payments free of any obligation or liability for withholding.

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

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“Non-Lead
Note” shall mean Note A-2.

“Non-Lead
Note Holder” shall mean the holder of the Non-Lead Note.

“Non-Lead
Securitization” shall mean the Note A-2 Securitization.

“Non-Lead
Servicing Agreement” shall mean the Note A-2 PSA.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

“Note Register”
shall have the meaning assigned to such term in Section 14.

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

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

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

“Permitted
Fund Manager” shall mean any Person (a) listed on Exhibit C attached hereto or (b) that on the
date of determination is (i) a other nationally-recognized manager of investment funds investing in debt or equity interests
relating to commercial real estate, (ii) investing through one or more funds with committed capital of at least $100,000,000
and (iii) not subject to a proceeding, whether voluntary or involuntary, relating to the bankruptcy, insolvency, reorganization
or relief of debtors.

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

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

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

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

“Qualified
Transferee” shall mean an Affiliate of BSP, Rialto Real Estate Fund IV - Debt, LP or an Affiliate, or one or more of
the following (other than the Borrower or any entity which is an Affiliate of the Borrower):

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

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pension fund, pension fund advisory
firm, mutual fund, real estate investment trust or governmental entity or plan; or

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

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

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

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

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

which, in the case
of each of clauses (i), (ii), and (iii) of this definition, has at least $400,000,000 in total assets (in name or under management)
and (except with respect to a pension advisory firm or similar fiduciary) at least $150,000,000 in capital/statutory surplus or
shareholders’ equity, and is regularly engaged in the business of making or owning commercial real estate loans or commercial
loans similar to the Mortgage Loan.

“Qualified
Trustee” shall mean (i) a corporation, national bank, national banking association or a trust company, organized
and doing business under the laws of any state or the United States of America, authorized under such laws to exercise corporate
trust powers and to accept the trust conferred, having a combined capital and surplus of at least $100,000,000 and subject to supervision
or examination by federal or state authority, (ii) an institution insured by

    	 	 -10-	 

    	 

    

the Federal Deposit Insurance Corporation
or (iii) an institution whose long-term senior unsecured debt is then rated in one of the top two rating categories of each
of the applicable Rating Agencies.

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

“Rating Agency
Confirmation” shall mean each of the applicable Rating Agencies for each Securitization shall have confirmed in writing
that the occurrence of the event with respect to which such Rating Agency Confirmation is sought shall not result in a downgrade,
qualification or withdrawal of the applicable rating or ratings ascribed by such Rating Agency to any of the Certificates then
outstanding. In the event that no Certificates are outstanding or none of the Notes are included in a Securitization, any action
that would otherwise require a Rating Agency Confirmation shall require the consent of the Note A-1 Holder, which consent
shall not be unreasonably withheld, conditioned or delayed.

For the purposes of
this Agreement, if any Rating Agency (1) waives, declines or refuses, in writing to review or otherwise engage any request for
a confirmation hereunder from such Rating Agency that a proposed action will not result in a qualification, downgrade or withdrawal
of its then current rating of the securities issued pursuant to the related Securitization, or (2) does not reply to such request
or responds in a manner that indicates that such Rating Agency is neither reviewing such request nor waiving the requirement for
Rating Agency Confirmation and the related timing, notice and other applicable provisions set forth in the Servicing Agreement
and the Non-Lead Servicing Agreement, as applicable, have been satisfied, then for such request only, the condition that such confirmation
by such Rating Agency (only) be obtained will be deemed not to apply for purposes of this Agreement. For purposes of clarity, any
such waiver, declination or refusal to review or otherwise engage in any request for such confirmation hereunder shall not be deemed
a waiver, declination or refusal to review or otherwise engage in any subsequent request for such Rating Agency Confirmation hereunder
and the condition for such Rating Agency Confirmation pursuant to this Agreement for any subsequent request shall apply regardless
of any previous waiver, declination or refusal to review or otherwise engage in such prior request.

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

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

    	 	 -11-	 

    	 

    

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

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

“Securitization”
shall mean the Note A-1 Securitization and the Note A-2 Securitization, as the context requires.

“Securitization
Servicing Agreement” shall mean the Note A-1 PSA.

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

“Servicing
Agreement” shall mean (i) prior to the Note A-1 Securitization Date, the Interim Servicing Agreement, and (ii) from and
after the Note A-1 Securitization Date the Securitization Servicing Agreement.

“Servicing
Fee” shall mean the fee of the Master Servicer pursuant to the terms of the Servicing Agreement, which will generally
be calculated as the product of (i) the Servicing Fee Rate and (ii) the outstanding principal balance of the Mortgage
Loan as of the date of determination.

“Servicing
Fee Rate” shall have the meaning applied to such term in the Servicing Agreement, being the rate per annum which, when
applied to the Mortgage Loan Principal Balance (which may be a different rate with respect to each of the Notes), will determine
the servicing fee payable to the Master Servicer under the Servicing Agreement.

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

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

“Servicing
Transfer Event” shall have the meaning (i) prior to the Note A-1 Securitization Date, assigned to such term or an analogous
term in the Model PSA and (ii) from and after the Note A-1 Securitization Date, assigned to such term or an analogous term in the
Securitization Servicing Agreement.

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

“Special
Servicing Fee” shall have the meaning given to such term or an analogous term in the Servicing Agreement.

    	 	 -12-	 

    	 

    

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

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

“Trustee”
shall mean the trustee under the Note A-1 PSA or the Note A-2 PSA, as the context requires.

2.                 
Servicing of the Mortgage Loan. (a)  Each Holder acknowledges and agrees that, subject in each case to
the specific terms of this Agreement, the Mortgage Loan shall be serviced prior to the Note A-1 Securitization Date pursuant to
the Interim Servicing Agreement and from and after the Note A-1 Securitization Date by the Note A-1 Master Servicer and the
Note A-1 Special Servicer pursuant to the terms of this Agreement and the Note A-1 PSA. Each Holder agrees to reasonably
cooperate with each Servicer with respect to its exercise of its rights and obligations under the Servicing Agreement.

(b)              
The Note A-1 PSA and Note A-2 PSA shall contain terms and conditions that are customary for securitization transactions
involving assets similar to the Mortgage Loan and that are otherwise (i) required by the Code relating to the tax elections
of the Note A-1 Trust Fund and the Note A-2 Trust Fund, (ii) required by law or changes in any law, rule or regulation
or (iii) requested by the Rating Agencies rating the Note A-1 Securitization or the Note A-2 Securitization. In addition,
the Note A-1 PSA and Note A-2 PSA shall have such additional provisions as are set forth in Section 21. The Note A-1
Holder shall have the right to designate the Master Servicer and Special Servicer for the Note A-1 Securitization as long as each
such party is a Qualified Servicer.

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

(d)              
If, at any time the Lead Note is no longer in a Securitization, the Note A-1 Holder shall cause the Mortgage Loan
to be serviced pursuant to a servicing agreement that is substantially similar to the Servicing Agreement (and, if the Non-Lead
Note is in a Securitization, subject to receipt of a Rating Agency Confirmation from the Rating Agencies that were engaged by the
Depositor to rate such Securitization) and all references herein to the “Servicing Agreement” shall mean such
subsequent Servicing Agreement; provided, however, that until a replacement Servicing Agreement has been entered into (and such
written confirmation has been obtained), the Note A-1 Holder shall cause the Mortgage Loan to be

    	 	 -13-	 

    	 

    

serviced pursuant to the provisions
of the Servicing Agreement as if such agreement was still in full force and effect with respect to the Mortgage Loan; provided,
further, however, that until a replacement Securitization Servicing Agreement is in place, the actual servicing of the Mortgage
Loan may be performed by any Qualified Servicer appointed by the Note A-1 Holder and does not have to be performed by
the service providers set forth under the Servicing Agreement that was previously in effect.

(e)               
Notwithstanding anything to the contrary contained herein (including Sections 4 and 16(a)), each Servicing
Agreement shall provide that the Servicer shall be required to service and administer the Mortgage Loan in accordance with the
Servicing Standard as set forth in such Servicing Agreement, and any Holder who is not the Borrower or an Affiliate of the Borrower
shall be deemed a third-party beneficiary of such provisions of the Servicing Agreement that run to the benefit of such Holder.
It is understood that the Non-Lead Note Holder may separately appoint a servicer for the Non-Lead Note, by itself or together with
other assets, but any such servicer will have no responsibility hereunder and shall be compensated solely by the Non-Lead Note
Holder from funds payable to it hereunder or otherwise.

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

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

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

    	 	 -14-	 

    	 

    

3.                 
Priority of Notes. Note A-1 and Note A-2 shall be of equal priority, and no portion of any of Note A-1
or Note A-2 shall have priority or preference over any portion of the other Note or security therefor. Except for the
Excluded Amounts, all amounts tendered by the Borrower or otherwise available for payment on the Mortgage Loan, whether received
in the form of Monthly Payments, a balloon payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit or other
instrument serving as security on the Mortgage Loan, proceeds under title, hazard or other insurance policies or awards or settlements
in respect of condemnation proceedings or similar exercise of the power of eminent domain shall be distributed by the Master Servicer
and applied to Note A-1 and Note A-2 on a Pro Rata and Pari Passu Basis.

The Servicing Agreement
may provide for the application of Penalty Charges paid in respect of the Mortgage Loan to be used to (i) pay the Master Servicer,
the Trustee or the Special Servicer for interest accrued on any Property Advances, (ii) to pay the parties to any Securitization
for interest accrued on any P&I Advance, (iii) to pay certain other expenses incurred with respect to the Mortgage Loan
and (iv) to pay to the Master Servicer and/or the Special Servicer as additional servicing compensation.

4.                 
Workout. Notwithstanding anything to the contrary contained herein, but subject to the terms and conditions of the
Servicing Agreement and Section 16 of this Agreement, and the obligation to act in accordance with the Servicing Standard,
if the Lead Note Holder, or any Servicer, in connection with a workout or proposed workout of the Mortgage Loan, modifies the terms
thereof such that (i) the Mortgage Loan Principal Balance is decreased, (ii) the Mortgage Interest Rate is reduced, (iii) payments
of interest or principal on Note A-1 or Note A-2 are waived, reduced or deferred or (iv) any other adjustment
is made to any of the payment terms of the Mortgage Loan, such modification shall not alter, and any modification of the Mortgage
Loan Documents shall be structured to preserve, the equal priorities of Note A-1 and Note A-2 as described in
Section 3.

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

If any Servicer holding
or having distributed any amount received or collected in respect of Note A-1 or Note A-2 determines, or a court
of competent jurisdiction orders, at any time that any amount received or collected in respect of Note A-1 or Note A-2
must, pursuant to

    	 	 -15-	 

    	 

    

any insolvency, bankruptcy, fraudulent
conveyance, preference or similar law, be returned to the Borrower or paid to the Note A-1 Holder, the Note A-2
Holder, or any Servicer or paid to any other Person, then, notwithstanding any other provision of this Agreement, no Servicer shall
be required to distribute any portion thereof to the Note A-1 Holder or the Note A-2 Holder, as applicable, and the Note A-1 Holder
or the Note A-2 Holder, as applicable, shall promptly on demand repay to such Servicer the portion thereof that has been distributed
to the Note A-1 Holder or the Note A-2 Holder, as applicable, together with interest thereon at such rate, if any, as such Servicer
shall have been required to pay to the Borrower, the Note A-1 Holder, the Note A-2 Holder, any Servicer or such
other person or entity with respect thereto. Each of the Note A-1 Holder and the Note A-2 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 Master Servicer. The Master Servicer shall have the right to offset any
amounts due hereunder from the Note A-1 Holder or the Note A-2 Holder, as applicable, with respect to the Mortgage
Loan against any future payments due to the Note A-1 Holder or the Note A-2 Holder, as applicable, under the
Mortgage Loan, provided, that the obligations of the Note A-1 Holder and the Note A-2 Holder under this
Section 5 are separate and distinct obligations from one another and in no event shall any Servicer enforce the obligations
of any Holder against any other Holder. The obligations of the Note A-1 Holder and the Note A-2 Holder under
this Section 5 constitute absolute, unconditional and continuing obligations and each Servicer shall be deemed a third-party
beneficiary of these provisions.

6.                 
Limitation on Liability. Subject to the terms of the Servicing Agreement, no Holder (including the Master Servicer
or the Special Servicer on its behalf) shall have any liability to any other Holder with respect to any Note, except (1) with
respect to the Advance reimbursement provisions set forth in Section 20 and (2) with respect to losses actually
suffered due to the gross negligence, willful misconduct or material breach of this Agreement on the part of such Holder (including
the Master Servicer or the Special Servicer on its behalf, except that the Master Servicer’s or Special Servicer’s
liability may be further limited or expanded as set forth in the Servicing Agreement).

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

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

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

    	 	 -16-	 

    	 

    

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

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

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

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

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

(viii)           
It is a Qualified Transferee.

8.                 
Independent Analyses of each Holder. Each Holder acknowledges that, except for the representations made in Section 7,
it has, independently and without reliance upon any other Holder and based on such documents and information as such Holder has
deemed appropriate, made its own credit analysis and decision to purchase its respective Note. Each Holder hereby acknowledges
that the other Holder shall have no responsibility for (i) the collectability of the Mortgage Loan, (ii) the validity,
enforceability or legal effect of any of the Mortgage Loan Documents or the title insurance policy or policies or any survey furnished
or to be furnished in connection with the origination of the Mortgage Loan, (iii) the validity, sufficiency or effectiveness
of the lien created or to be created by the Mortgage Loan Documents, or (iv) the financial condition of the Borrower. Each
Holder assumes all risk of loss in connection with its respective Note for reasons other than gross negligence, willful misconduct
or breach of this Agreement by any other Holder or negligence, willful misconduct or bad faith by any Servicer.

9.                 
No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken
pursuant hereto, shall be deemed to constitute among any Holder (or the Master Servicer, Special Servicer or Trustee on its behalf)
and any other Holder a partnership, association, joint venture or other entity. Each Holder (or the Master Servicer, Special Servicer
or Trustee on its behalf) shall have no obligation whatsoever to offer to the other Holder the opportunity to purchase notes or
interests relating to any future loans originated by such Holder or any of its Affiliates, and if any Holder chooses to offer to
the other Holder, the opportunity to purchase notes or interests in any future mortgage loans originated by

    	 	 -17-	 

    	 

    

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. Neither Holder
shall have any obligation whatsoever to purchase from the other Holder any notes or interests in any future loans originated by
the other Holder or any of its Affiliates.

10.             
Not a Security. Neither of Note A-1 nor Note A-2 shall be deemed to be a security within the meaning
of the Securities Act of 1933 or the Securities Exchange Act of 1934.

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

12.             
Transfer of Notes. (a)  Each Holder may Transfer up to 49% (in the aggregate) of its beneficial interest
in its Note whether or not the related transferee is a Qualified Transferee without a Rating Agency Confirmation. Each Holder shall
not Transfer more than 49% (in the aggregate) of its beneficial interest in its Note unless (i) prior to a Securitization
of any Note, the other Holder has consented to such Transfer, in which case the related transferee shall thereafter be deemed to
be a “Qualified Transferee” for all purposes under this Agreement, (ii) after a Securitization of any Note, a
Rating Agency Confirmation has been received with respect to such Transfer, in which case the related transferee shall thereafter
be deemed to be a “Qualified Transferee” for all purposes under this Agreement, (iii) such Transfer is to a Qualified
Transferee, or (iv) such Transfer is in connection with a sale by a Securitization trust. Any such transferee must assume in writing
the obligations of the transferring Holder hereunder and agree to be bound by the terms and provisions of this Agreement and the
Servicing Agreement. Such proposed transferee (except in the case of Transfers that are made in connection with a Securitization)
shall also remake each of the representations and warranties contained herein for the benefit of the other Holder. Notwithstanding
the foregoing, without the non-transferring Holder’s prior consent (which will not be unreasonably withheld), and, if
such non-transferring Holder’s Note is in a Securitization, without a Rating Agency Confirmation from each Rating Agency
that has been engaged by the Depositor to rate the securities issued in connection with such Securitization, no Holder shall Transfer
all or any portion of its Note to the Borrower or an Affiliate of the Borrower and any such Transfer shall be absolutely null and
void and shall vest no rights in the purported transferee.

(b)              
Except for a Transfer made in connection with a Securitization or a Transfer made by an initial Holder to (i) an Affiliate
or (ii) Rialto Real Estate Fund IV - Debt, LP or an Affiliate, the transferring Holder shall provide to the other Holder and, if
any Certificates are outstanding, to the Rating Agencies, a certification that such transfer will be made in accordance with this
Section 12, such certification to include (1) the name and contact information of the transferee and (2) if
applicable, a certification by the transferee that it is a Qualified Transferee.

    	 	 -18-	 

    	 

    

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

(d)              
Notwithstanding anything to the contrary contained herein, each Holder may pledge or transfer (a “Pledge”)
its Note to any entity (other than the Borrower or any Affiliate thereof) that has extended a credit or repurchase facility to
such Holder and that, in each case, is either a Qualified Transferee or a financial institution whose long-term unsecured debt
is rated at least “A” (or the equivalent) or better by each Rating Agency (a “Note Pledgee”), or
to a Person with respect to which a Rating Agency Confirmation has been obtained, on terms and conditions set forth in this Section 12(d),
it being further agreed that a financing provided by a Note Pledgee to any Holder or any Affiliate that Controls such Holder that
is secured by such Holder’s interest in its respective Note and is structured as a repurchase arrangement, shall qualify
as a “Pledge” hereunder, provided that, a Note Pledgee that is not a Qualified Transferee may not take title
to the pledged Note without a Rating Agency Confirmation. Upon written notice, if any, by the pledging Holder to the other Holder
and the Servicer that a Pledge has been effected (including the name and address of the applicable Note Pledgee), the other Holder
agrees to acknowledge receipt of such notice and thereafter agree: (i) to give such Note Pledgee written notice of any default
by the pledging Holder in respect of its obligations under this Agreement of which default such Holder has actual knowledge and
which notice shall be given simultaneously with the giving of such notice to the pledging Holder; (ii) to allow such Note
Pledgee a period of ten (10) Business Days to cure a default by the pledging Holder in respect of its obligations to the other
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 or the Servicing Agreement (if the pledging Holder had the right to consent to such amendment,
modification, waiver or termination pursuant to the terms hereof) shall be effective against such Note Pledgee without the written
consent of such Note Pledgee, which consent shall not be unreasonably withheld, conditioned or delayed and which consent shall
be deemed to be given if Note Pledgee shall fail to respond to any request for consent to any such amendment, modification, waiver
or termination within 10 Business Days after request therefor; (iv) that the other Holder shall accept any cure by such
Note Pledgee of any default of the pledging Holder which such pledging Holder has the right to effect hereunder, as if such cure
were made by such pledging Holder; (v) that the other Holder or Servicer shall deliver to Note Pledgee such estoppel certificate(s)
as Note Pledgee shall reasonably request, provided that any such certificate(s) shall be in a form reasonably satisfactory to the
other Holder; and (vi) that, upon written notice (a “Redirection Notice”) to the Servicer by such Note
Pledgee that the pledging Holder is in default beyond any applicable cure periods with respect to the pledging Holder’s obligations
to such Note Pledgee pursuant to the applicable credit agreement or other agreements relating to the Pledge between the pledging
Holder and such Note Pledgee (which notice need not be joined in or confirmed by the pledging Holder), and until such Redirection
Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee (or at any time that pledging Holder otherwise directs that
such payment be made to Note Pledgee pursuant to a separate notice) shall be entitled to receive any payments that any Servicer
would otherwise be obligated to pay to the pledging Holder from time to time pursuant to this Agreement or any Servicing Agreement.
Any pledging Holder hereby unconditionally and absolutely releases the other Holder and any Servicer from any liability to the
pledging Holder on account of any Holder’s or Servicer’s compliance with

    	 	 -19-	 

    	 

    

any Redirection Notice believed by any
Servicer or other Holder in good faith to have been delivered by a Note Pledgee. Note Pledgee shall be permitted to exercise fully
its rights and remedies against the pledging Holder (and accept an assignment in lieu of foreclosure as to such collateral), in
accordance with applicable law, the pledge agreement, repurchase agreement or similar agreement between the pledging Holder and
the Note Pledgee and this Agreement. In such event, or if the pledging Holder otherwise assigns its interests to the Note Pledgee,
the other Holder and the Servicer shall recognize such Note Pledgee (and any transferee other than the Borrower or any Affiliate
thereof that is also a Qualified Transferee at any foreclosure or similar sale held by such Note Pledgee or any transfer in lieu
of foreclosure), and 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 Transferee shall assume in writing the obligations of the pledging
Holder hereunder accruing from and after such Transfer (i.e., realization upon the collateral by such Note Pledgee) and
agrees to be bound by the terms and provisions of this Agreement. The rights of a Note Pledgee under this Section 12(d) shall
remain effective as to any Holder (and any Servicer) unless and until such Note Pledgee shall have notified such Holder (and any
Servicer, as applicable) in writing that its interest in the pledged Note has terminated.

13.             
Registration of Transfer. In connection with any Transfer of a Note (but excluding any Note Pledgee unless and until
it realizes on its Pledge), except for transfer of a participation interest, a transferee shall execute 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, including the restriction on Transfers set forth in Section
12, 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 Securitization Servicing Agreement. No transfer of a Note may be made unless it is registered on the Note Register, and
the Agent shall not recognize any attempted or purported transfer of any Note in violation of the provisions of Section 12
and this Section 13. Any such purported transfer shall be absolutely null and void and shall vest no rights in the
purported transferee. Each Holder desiring to effect such transfer shall, and does hereby agree to, indemnify the Agent and any
other Holder against any liability that may result if the transfer is not made in accordance with the provisions of this Agreement.
Upon a Securitization of Note A-1, the Certificate Administrator shall automatically become and be the Agent.

14.             
Registration of Note A-1 and Note A-2. 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, the principal amount (and stated interest)
of the Notes owing to each Holder 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 13, 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 Note A-1 Holder and the initial Note A-2 Holder who may hold
their Notes through a nominee. Upon

    	 	 -20-	 

    	 

    

request of a Holder, the Agent shall
provide such party with the names and addresses of the Holders. To the extent another party is appointed as Agent hereunder, the
Note A-1 Holder and the Note A-2 Holder hereby designates such person as its agent under this Section 14 solely for purposes
of maintaining the Note Register.

15.             
Statement of Intent. The Agent and each Holder intend that the Notes be classified and the arrangement hereby be
maintained, in a manner consistent with rules applicable to a grantor trust under subtitle A, chapter 1, subchapter J, part I,
subpart E 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.

16.             
Exercise of Remedies by the Servicer. (a)  Subject to the terms of this Agreement and the Servicing Agreement
and subject to the rights and consents, where required, of the Directing Holder, the Servicer shall have the sole and exclusive
authority with respect to the administration of, and exercise of rights and remedies with respect to, the Mortgage Loan, including,
without limitation, the sole and exclusive authority to (i) modify or waive any of the terms of the Mortgage Loan Documents,
(ii) consent to any action or failure to act by the Borrower or any party to the Mortgage Loan Documents, (iii) vote
all claims with respect to the Mortgage Loan in any bankruptcy, insolvency or other similar proceedings and (iv) to take legal
action to enforce or protect 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 the Holders shall have no voting, consent
or other rights whatsoever with respect to the Servicer’s administration of, or exercise of its rights and remedies with
respect to, the Mortgage Loan other than as provided in the Servicing Agreement. Subject to the terms and conditions of the Servicing
Agreement, the Servicer shall have the sole and exclusive authority to make Property Advances with respect to the Mortgage Loan.
Except as otherwise provided in this Agreement, each Holder agrees that it shall have no right to, and hereby presently and irrevocably
assigns and conveys to the Servicer the rights, if any, that such Holder has to (A) call or cause the Servicer to call an
Event of Default under the Mortgage Loan, or (B) exercise any remedies with respect to the Mortgage Loan or the Borrower,
including, without limitation, filing or causing the Lead Note Holder or such Servicer to file any bankruptcy petition against
the Borrower. Each Holder shall, from time to time, execute such documents as any Servicer shall reasonably require to evidence
such assignment with respect to the rights described in clause (iii) of the first sentence in this Section 16(a).

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

(c)               
The Holders hereby acknowledge that the Servicing Agreement shall provide that, subject to the satisfaction of the conditions
set forth in the next sentence, upon the

    	 	 -21-	 

    	 

    

Mortgage Loan becoming a Defaulted Mortgage
Loan, if the Special Servicer determines to sell the Defaulted Mortgage Loan (or the Lead Note), it will be required to sell the
entire Defaulted Mortgage Loan as a single whole loan (i.e., both the Lead Note and Non-Lead Note). Any such sale of the entire
Defaulted Mortgage Loan is subject to the satisfaction of the following:

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

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

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

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

(3)              
at least 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 reasonably requested by a Non-Lead Note Holder; and

(4)              
until the sale is completed and a reasonable period of time (but no less time than is afforded to other offerors and the
Directing Holder) prior to the proposed sale date, all information and other documents being provided to other offerors and all
leases or other documents that are approved by the Master Servicer or the Special Servicer in connection with the proposed sale.

The Non-Lead Note
Holder may waive any delivery or timing requirements set forth above only for itself. Subject to the foregoing, each of the Lead
Note Holder, the Directing Holder, the Non-Lead Note Holder and the Non-Directing Holder shall be permitted to submit an offer
at any sale of the Defaulted Mortgage Loan (unless such Person is the Borrower or an agent or Affiliate of the Borrower).

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

The authority of
the Lead Note Holder to sell the Non-Lead Note, and the obligations of the Non-Lead Note Holder to execute and deliver instruments
or deliver the Non-

    	 	 -22-	 

    	 

    

Lead Note upon request of the Lead Note
Holder, shall terminate and cease to be of any further force or effect upon the date, if any, upon which the Lead Note is repurchased
by BSP, as the initial Note A-1 Holder from the trust fund established under the Servicing Agreement in connection with
a material breach of representation or warranty made by the initial Note A-1 Holder with respect to the Lead Note or material
document defect with respect to the documents delivered by BSP, as the initial Note A-1 Holder with respect to the Lead
Note upon the consummation of the Lead Securitization.

(d)              
Notwithstanding anything to the contrary contained herein, the exercise by the Servicer on behalf of the Holders of its
rights under this Section 16 shall be subject in all respects to any section of the Servicing Agreement governing REMIC
administration, and in no event shall the Servicer be permitted to take any action or refrain from taking any action if taking
or failing to take such action, as the case may be, would violate the laws of any applicable jurisdiction, breach the Mortgage
Loan Documents or be inconsistent with the Servicing Standard or violate any other provisions of the Servicing Agreement or violate
the REMIC provisions of the Code or any regulations promulgated thereunder, including, without limitation, the provisions of Section 2(g) of
this Agreement.

17.             
Rights of the Directing Holder. (a) The Directing Holder shall be entitled to exercise the rights and powers granted
to the Directing Holder hereunder and the rights and powers granted to the “Directing Holder,” “Controlling Class
Certificateholder,” “Controlling Class Representative”, “Owner” or similar party under, and as defined
in, the Servicing Agreement with respect to the Mortgage Loan. In addition, the Directing Holder shall be entitled to advise (1) the
Special Servicer with respect to all matters related to a Specially Serviced Mortgage Loan and (2) the Special Servicer with
respect to all matters for which the Master Servicer must obtain the consent or deemed consent of the Special Servicer, and, except
as set forth below (i) the Master Servicer shall not be permitted to take any Major Action unless it has obtained the prior
written consent of the Special Servicer and (ii) the Special Servicer shall not be permitted to consent to the Master Servicer’s
taking any Major Action nor will the Special Servicer itself be permitted to take any Major Action as to which the Directing Holder
has objected in writing within ten (10) Business Days (or 30 days with respect to an Acceptable Insurance Default) after receipt
of the written recommendation and analysis and such additional information requested by the Directing Holder as may be necessary
in the reasonable judgment of the Directing Holder in order to make a judgment with respect to such Major Action. The Directing
Holder may also direct the Special Servicer to take, or to refrain from taking, such other actions with respect to the Mortgage
Loan as the Directing Holder may deem advisable, subject to the terms of the Servicing Agreement.

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

    	 	 -23-	 

    	 

    

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

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

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

The Holders acknowledge
that the Servicing Agreement may contain certain provisions that give an operating advisor certain non-binding consultation rights
with respect to Major Actions.

18.             
Appointment of Special Servicer. Subject to the terms of the Servicing Agreement, the Directing Holder shall have
the right at any time and from time to time, with or without cause, to replace the Special Servicer then acting with respect to
the Mortgage Loan and appoint a Qualified Servicer as the replacement Special Servicer in lieu thereof. The Directing Holder shall
designate a Person to serve as Special Servicer by delivering to the other Holder and the parties to the Note A-1 PSA
and the Note A-2 PSA a written notice stating such designation and by satisfying the other conditions required under the Servicing
Agreement (including, without limitation, a Rating Agency Confirmation, if required by the terms of the Servicing Agreement), if
any.

    	 	 -24-	 

    	 

    

The Directing Holder
agrees and acknowledges that the Special Servicer could be terminated under the Servicing Agreement in connection with a “servicer
termination event” thereunder, or otherwise based on a recommendation by the operating advisor under the Servicing Agreement
if (1) the operating advisor determines, in its sole discretion exercised in good faith, that (a) the Special Servicer has failed
to comply with the Servicing Standard and (b) a replacement of the Special Servicer would be in the best interest of the holders
of Certificates issued under the Servicing Agreement (as a collective whole) and (2) the affirmative vote of the requisite certificate
holders is obtained. The Directing Holder will retain its right to remove and replace the Special Servicer, but the Directing Holder
may not restore a Special Servicer that has been removed in accordance with the preceding sentence.

19.             
Rights of the Non-Directing Holder. (a)  The Servicing Agreement shall provide that the Servicer shall
be required:

(i)           
to provide copies of the same notices, information and reports that it is required to provide to the Directing Holder pursuant
to the Servicing Agreement with respect to any Major Actions or the implementation of any recommended actions outlined in an Asset
Status Report relating to the Mortgage Loan to the Non-Directing Holder (but without regard to whether or not the Directing Holder
actually has lost any rights to receive such information as a result of a Consultation Termination Event), within the same time
frame as specified with respect to the Directing Holder (but without regard to whether or not the Directing Holder actually has
lost any rights to receive such information as a result of a Consultation Termination Event); provided, however,
that if Note A-2 has been included in a Securitization, then for any information for which the Special Servicer would be required
to provide to such Non-Directing Holder, the Special Servicer shall provide such notice to the master servicer of the other Securitization
transaction, who shall forward such notice as and when required under the terms of the related Securitization documents; and

(ii)           
to consult with the Non-Directing Holder on a strictly non-binding basis, if, having received such notices, information
and reports, such Non-Directing Holder requests consultation with respect to any such Major Action or the implementation of any
recommended actions outlined in an Asset Status Report relating to the Mortgage Loan, and consider alternative actions recommended
by the Non-Directing Holder; provided that after the expiration of a period of ten (10) Business Days from the delivery
to the Non-Directing Holder of written notice of a proposed action, together with copies of the notice, information and report
required to be provided to the Directing Holder, the Servicer shall no longer be obligated to consult with the Non-Directing Holder,
whether or not the Non-Directing Holder has responded within such ten (10) Business Day period (unless the Servicer proposes a
new course of action that is materially different from the action previously proposed, in which case such ten (10) Business Day
period shall be begin anew from the date of such proposal and delivery of all information relating thereto).

(b)              
Notwithstanding the foregoing non-binding consultation rights of the Non-Directing Holder, the Servicer may take any Major
Action or any action set forth in the Asset Status Report before the expiration of the aforementioned ten (10) Business Day period
if the

    	 	 -25-	 

    	 

    

Servicer determines that immediate action
with respect thereto is necessary to protect the interests of the Holders.

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

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

(e)               
Any Non-Directing Holder that is the Borrower or an Affiliate of the Borrower shall not be entitled to any of the rights
set forth in this Section 19.

20.             
Advances; Reimbursement of Advances. (a)  From time to time, (i) pursuant to terms of the Servicing
Agreement, the Lead Servicer and/or the related Trustee may be obligated to make (1) Property Advances with respect to the
Mortgage Loan or the Mortgaged Property and (2) P&I Advances with respect to the Lead Note and (ii) pursuant to the
terms of the Non-Lead Servicing Agreement, the related Non-Lead Master Servicer and/or the related Trustee may be obligated to
make P&I Advances with respect to the Non-Lead Note. The Lead Servicer and/or the related Trustee will not be required to make
any P&I Advance with respect to the Non-Lead Note and the related Non-Lead Master Servicer and/or the related Trustee will
not be required to make any P&I Advance with respect to any Lead Note or any Property Advance. The Lead Servicer, the Non-Lead
Master Servicer and any Trustee will be entitled to interest on any Advance made in the manner and from the sources provided in
the Note A-1 PSA and the Note A-2 PSA, as applicable.

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

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

    	 	 -26-	 

    	 

    

Collection Account with respect to the
Mortgage Loan are insufficient for reimbursement of such amounts).

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

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

21.             
Provisions Relating to Securitization. (a)The Note A-1 Holder and the Note A-2 Holder shall have the right, subject
to the terms of the Mortgage Loan Documents, to cause the Borrower to execute amended and restated notes or additional notes (in
either case, the “New Notes”) reallocating the principal of Note A-1 or Note A-2 among other New Notes; reducing
the Interest Rates of such New Notes or severing the Note A-1 or A-2 into one or more further “component” notes in
the aggregate principal amount equal to the then outstanding principal balance of Note A-1 or A-2, as applicable, provided
that (i) the aggregate principal balance of the New Notes and following such amendments is no greater than the principal balance
of the respective original Note prior to such amendments, (ii) all New Notes continue to have the same interest rate as the respective
original Note prior to such amendments, (iii) all New Notes pay pro rata and on a pari passu basis and such reallocated
or component notes shall be automatically subject to the terms of this Agreement and (iv) the entity holding the New Notes shall
notify the parties to the Servicing Agreement and Non-Lead Servicing Agreement in writing of such modified allocations and principal
amounts. In connection with the foregoing, (1) the Master Servicer is hereby authorized to execute amendments to the Loan Agreement
and this Agreement (or to amend and restate the Loan Agreement and this Agreement) on behalf of either of the Holders solely for
the purpose of reflecting such reallocation of principal or such severing of Note A-1 or Note A-2, (2) if Note A-1 or Note A-2
is severed into “component” notes, such component notes shall each have their same rights as the respective original
Note and (3) the definition of the term “Securitization” and all of the related defined terms may be amended (and new
terms added, as necessary) to reflect the New Notes. Rating Agency Confirmation shall not be required for any amendments to this
Agreement required to facilitate the terms of this Section 21(a). The Holder whose Note is being reallocated or split pursuant
to this Section 21(a) shall reimburse the other Holder for all costs and expenses incurred by the other Holder in connection
with the reallocation or split.

(b)              
The Non-Lead Servicing Agreement shall provide that:

(i)           
the applicable master servicer and trustee for such Securitization shall be required to notify the master servicer, special
servicer and trustee of each other Securitization of the amount of any P&I Advance it has made with respect to the Note included
in such Securitization within two Business Days of making such advance;

    	 	 -27-	 

    	 

    

(ii)           
if the applicable master servicer, special servicer or trustee determines that a proposed P&I Advance, if made, or any
outstanding P&I Advance previously made, would be, or is, as applicable, a nonrecoverable advance, the master servicer shall
provide the other servicers written notice of such determination within 2 Business Days after such determination was made;

(iii)           
in the event the Non-Lead Note Holder is responsible for its proportionate share of any Nonrecoverable Advances (or any
other portion of a Nonrecoverable Advance) (and advance interest thereon) or other fee or expense pursuant to Section 20,
and funds received with respect to the Non-Lead Note are insufficient to cover such amounts, (x) the related master servicer
will be required to pay the Master Servicer, Special Servicer or Lead Trustee under the Servicing Agreement, as applicable, out
of general funds in the collection account (or equivalent account) established under the Non-Lead Servicing Agreement and (y) if
the Lead Servicing Agreement permits the Master Servicer, Special Servicer or Lead Trustee to pay itself from the Lead Securitization
Trust’s general account then the master servicer under the Non-Lead Servicing Agreement will be required to reimburse the
Lead Securitization Trust out of general funds in the collection account (or equivalent account) established under the Non-Lead
Servicing Agreement;

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

(v)           
each of trustee and the master servicer under the Non-Lead Servicing Agreement, as applicable, shall acknowledge that, (i) each
of the Master Servicer and the Lead Trustee under the Servicing Agreement will be a third party beneficiary under the Non-Lead
Servicing Agreement with respect to any provisions therein relating to (1) the reimbursement of any nonrecoverable advances made
with respect to such Non-Lead Note by the Master Servicer or the Lead Trustee under the 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 PSA and relating
to the Non-Lead Note and (ii) the Special Servicer will be a third party beneficiary under the Non-Lead Servicing Agreement
with respect to any provisions therein relating to (1) the reimbursement of any nonrecoverable advances made with respect to the
Non-Lead Note by the Special Servicer (it being understood that the Special Servicer is not required to make any 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 PSA and relating to such
Non-Lead Note; and

    	 	 -28-	 

    	 

    

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

(c)               
The Note A-2 Holder shall provide the Depositor, the Servicer and the Special Servicer under the Note A-1 PSA (as of the
Note A-2 Securitization Date) (provided such party is not also a party to the Note A-1 PSA) notice of the Note A-2 Securitization
in writing (which may be by email) prior to or promptly following the Note A-2 Securitization Date. Such notice shall contain contact
information for each of the parties to the Note A-2 PSA and the identity of the Controlling Class Representative under such Note
A-2 PSA. In addition, after the Note A-2 Securitization Date, the Note A-2 Holder shall send a copy of the Note A-2 PSA to the
Depositor, the Servicer and the Special Servicer under the Note A-1 PSA (as of the Note A-2 Securitization Date) provided such
party is not also a party to the Note A-1 PSA.

(d)              
The Note A-1 PSA shall provide that:

(i)           
the Master Servicer and Trustee for such Securitization shall be required to notify the servicer, special servicer and trustee
of each other Securitization of the amount of any P&I Advance it has made with respect to the Note included in such Securitization
within two Business Days of making such advance;

(ii)           
if the Master Servicer or Trustee determines that a proposed P&I Advance, if made, or any outstanding P&I Advance
previously made, would be, or is, as applicable, a nonrecoverable advance, the Master Servicer shall provide the other servicers
written notice of such determination within 2 Business Days after such determination was made;

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

(iv)           
the Master Servicer agrees to make available to the master servicer under the Non-Lead Servicing Agreement the CREFC®
Investor Reporting Package® pursuant to the terms of the Servicing Agreement on a monthly basis on the applicable
Master Servicer Remittance Date;

(v)           
the Master Servicer, any primary servicer, the Special Servicer and the Lead Trustee, certificate administrator or other
party acting as custodian for the Lead Securitization shall be required to deliver (and shall be required to cause each other servicer
and servicing function participant (within the meaning of Items 1123 and 1122, respectively, of Regulation AB) retained or engaged
by it to deliver), to the parties to the Non-Lead Servicing Agreement, at its own expense, in a timely manner, the reports, certifications,
compliance statements, accountants’ assessments and attestations, information to be included in reports (including, without
limitation, Form 15G, Form 10K, Form 10D, Form 8K), and other materials specified in each of the other Servicing Agreements as
the parties to the 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

    	 	 -29-	 

    	 

    

applicable law. Without limiting
the generality of the foregoing, the Lead Note Holder for a Lead Securitization shall provide in a timely manner to the depositor
and the trustee for any prior Securitization a copy of the Servicing Agreement and each Lead Servicer (at the expense of the Lead
Note Holder) will be required, upon prior written request, to provide to the depositor and the trustee for any prior Securitization
any other information required to comply in a timely manner with applicable filing requirements under Items 1.01 and 6.02 of Form
8-K, any other disclosure information required pursuant to Regulation AB in a timely manner for inclusion in any disclosure document
(and, with respect to the Servicing Agreement, for filing under Form 8-K), and with respect to the Lead Servicers, upon prior written
request, market indemnification agreements, opinions and Regulation AB compliance letters as were or are being delivered with respect
to the Lead Securitization. As used in this Agreement, “Regulation AB” means Subpart 229.1100 – Asset Backed
Securities (Regulation AB), 17 C.F.R. §§ 229.1100-229.1125, as such may be amended from time to time, and subject
to such clarification and interpretation as have been provided by the United States Securities and Exchange Commission (the “Commission”)
or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time, in each case as effective
from time to time as of the compliance dates specified therein. The Master Servicer, any primary servicer and the Special Servicer,
upon prior written request, shall each be required to provide certification and indemnification to each Certifying Person with
respect to the Sarbanes-Oxley Certification (or analogous terms) as such terms are defined in the Non-Lead Servicing Agreement;

(vi)           
the servicing duties of each of the Master Servicer and Special Servicer under the Servicing Agreement shall include the
duty to service the Non-Lead Note on behalf of the related Trustees and related Certificate holders in accordance with the terms
and provisions of this Agreement;

(vii)           
the Master Servicer shall withdraw from the related Collection Account and remit to the Holder of the Non-Lead Note, within
two (2) Business Days of receipt of properly identified funds, any amounts that represent late collections or principal prepayments
on such Non-Lead Note or any successor REO Property with respect thereto (exclusive of any portion of such amount payable or reimbursable
to any third party in accordance with this Agreement), unless such amount would otherwise be included in the monthly remittance
to the Holder of such Non-Lead Note for such month; provided, however, that to the extent any such amounts are received
after 3:00 p.m. Eastern time on any given Business Day, the Master Servicer shall use commercially reasonable efforts to remit
such late collections or principal prepayments to the Non-Lead Master Servicer within one Business Day of receipt of properly identified
funds;

(viii)           
the Non-Lead Note Holder is an intended third-party beneficiary in respect of the rights afforded it under the Servicing
Agreement and each master servicer under a Non-Lead Servicing Agreement will be entitled to enforce the rights of the related Trustee
with respect to such Non-Lead Note under this Agreement and the Servicing Agreement;

    	 	 -30-	 

    	 

    

(ix)           
each master servicer and special servicer under any Non-Lead Servicing Agreement shall be a third-party beneficiary of the
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;

(x)           
it shall not be amended in a manner that materially and adversely affects the rights of the Non-Lead Note Holder without
their consent; and

(xi)           
satisfy Moody’s rating methodology as of the closing date of the Lead Securitization related to permitted investments
and eligible accounts applicable to securities rated “Aaa” by Moody’s;

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

(xiii)           
“servicer termination events” (or any analogous term under the Servicing Agreement) include customary market
termination events with respect to failure to make advances, failure to remit payments to the Non-Lead Note Holder as required,
failure to deliver (or cause to be delivered) materials or information required in order for the Non-Lead Note Holder or the depositor
under the Non-Lead Servicing Agreement to timely comply with its obligations under the Exchange Act, the Securities Act or Form
SF-3, and for rating agency triggers with respect to any Certificates, subject to customary grace periods (provided that, in the
case of failures related to the securities laws, such grace periods will not cause a depositor under the Non-Lead Servicing Agreement
to fail to comply with the applicable provisions of such securities laws);

(xiv)           
if the Non-Lead Note becomes the subject of an “asset review” under the Non-Lead Servicing Agreement, the applicable
parties to the Servicing Agreement are required to reasonably cooperate with the related asset representations reviewer or other
applicable party to the Non-Lead Servicing Agreement in connection with such asset review, including with respect to providing
access to related underlying documents to the extent the asset representations reviewer or such other applicable party to the Non-Lead
Servicing Agreement has not obtained such documents from the Non-Lead Note Holder and such documents are in the possession of the
applicable party to the Servicing Agreement; and

    	 	 -31-	 

    	 

    

(xv)           
shall have provisions materially consistent with those set forth in market-standard CMBS servicing agreements with respect
to:

(1)              
 servicing transfer events that would result in the transfer of the Mortgage Loan to special servicing status;

(2)              
the authority of the servicers in the Note A-2 Securitization to grant or agree or consent to material modifications, waivers
and amendments to the Mortgage Loan, or to approve material assignments and assumptions or material additional indebtedness in
connection with the Mortgage Loan;

(3)              
requirements to obtain an appraisal or appraisal update following a transfer of the Mortgage Loan to special servicing status
and periodic updates thereof;

(4)              
duties of the special servicer in respect of foreclosure and the management of REO property; and

(5)              
subject to various adjustments and caps provided for in the Note A-1 PSA (which shall be substantially similar to those
set forth in the Note A-2 PSA), primary servicing, special servicing, workout and liquidation fees,

provided, however, that
(1) this clause (xv) shall not be construed to prohibit differences in timing, control or consultation triggers or thresholds,
terminology, allocation of ministerial duties between multiple servicers or other service providers or certificate holder or investor
voting or consent thresholds, or to prohibit or restrict additional approval, consent, consultation, notice or rating agency confirmation
requirements; and (2) in the event of any conflict between this sentence and any other provision of this Agreement, such other
provision of the Agreement shall control.

(e)               
If any provision required to be included in the Note A-1 PSA or the Note A-2 PSA is not included therein as required
in this Agreement, each Holder agrees that each such provision shall be deemed to be incorporated as a provision of and made a
part of the Note A-1 PSA or the Note A-2 PSA, as the case may be.

22.             
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.

    	 	 -32-	 

    	 

    

23.             
Submission To Jurisdiction; Waivers. Each party hereto hereby irrevocably and unconditionally:

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

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

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

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

24.             
Modifications. This Agreement shall not be modified, cancelled or terminated except by an instrument in writing signed
by the parties hereto. Additionally, from and after a Securitization, except to cure any ambiguity or to correct any error or as
set forth in Section 21(a), (b) and (c) of this Agreement may not be modified unless a Rating Agency Confirmation
has been delivered with respect to each Securitization, except that no Rating Agency Confirmation shall be required in connection
with a modification to cure any ambiguity or to correct or supplement any provision herein that may be defective or inconsistent
with any other provisions herein or with the Servicing Agreement.

25.             
Successors and Assigns; Third Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon
the parties hereto and their respective successors and assigns. Each of the Master Servicer, Special Servicer, Non-Lead Master
Servicer, Non-Lead Special Servicer and related Trustee is an intended third-party beneficiary of this Agreement. Except as provided
in Section 5 and the preceding sentence, none of the provisions of this Agreement shall be for the benefit of or enforceable
by any Person not a party hereto.

26.             
Counterparts. This Agreement may be executed in any number of counterparts and all of such counterparts shall together
constitute one and the same instrument.

    	 	 -33-	 

    	 

    

Delivery of an executed counterpart
of a signature page of this Agreement in Portable Document Format (PDF) or by facsimile transmission shall be as effective as delivery
of a manually executed original counterpart of this Agreement

27.             
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.

28.             
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 or email 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.

29.             
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.

30.             
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.

31.             
Withholding Taxes.

(a)               
If the Note A-1 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 Note A-2 Holder with respect to the Mortgage Loan as a result of the Note A-2 Holder constituting
a Non-Exempt Person, the Note A-1 Holder, in its capacity as servicer, shall be entitled to do so with respect to the Note A-2
Holder’s interest in such payment (all withheld amounts being deemed paid to the Note A-2 Holder), provided that the
Note A-1 Holder shall furnish the Note A-2 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 the Note A-2 Holder to seek any allowable credits
or deductions for the Taxes so withheld in each jurisdiction in which the Note A-2 Holder is subject to tax.

(b)              
The Note A-2 Holder shall and hereby agrees to indemnify the Note A-1 Holder against and hold the Note A-1 Holder harmless
from and against any Taxes, interest, penalties and reasonable attorneys’ fees and disbursements arising or resulting from
any failure of the Note A-1 Holder (or the Servicer on its behalf) to withhold Taxes from payment made to

    	 	 -34-	 

    	 

    

the Note A-2 Holder in reliance upon
any representation, certificate, statement, document or instrument made or provided by the Note A-2 Holder to the Note A-1 Holder
in connection with the obligation of the Note A-1 Holder to withhold Taxes from payments made to the Note A-2 Holder, it being
expressly understood and agreed that the Note A-1 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.

(c)               
Contemporaneously with the execution of this Agreement and from time to time as reasonably requested by the Note A-1 Holder
or Servicer during the term of this Agreement, the Note A-2 Holder shall deliver to the Note A-1 Holder or Servicer, as applicable,
evidence satisfactory to the Note A-1 Holder substantiating whether the Note A-2 Holder is a Non-Exempt Person and whether the
Note A-1 Holder is 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 Note A-2 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 Note A-1 Holder an Internal Revenue Service Form W-9 and (ii) if the Note A-2 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, the Note A-2 Holder shall satisfy the requirements of the preceding sentence by furnishing to
the Note A-1 Holder Internal Revenue Service Form W-8ECI, Form W-8IMY (with appropriate attachments) or Form W-8BEN or Form W-8BEN-E,
as applicable, or successor forms, as may be required from time to time, duly executed by the Note A-2 Holder. The Note A-1 Holder
shall not be obligated to make any payment hereunder to the Note A-2 Holder in respect of the Note A-2 or otherwise until the Note
A-2 Holder shall have furnished to the Note A-1 Holder the requested forms, certificates, statements or documents.

32.             
Custody of Mortgage Loan Documents. The originals of all of the Mortgage Loan Documents (other than Note A-2) will
be held by the Note A-1 Holder (or by a custodian on its behalf) on behalf of all of the Holders.

33.             
Certain Matters Affecting the Agent.

(a)               
The Agent may request and/or rely upon and shall be protected in acting or refraining from acting upon any officer’s
certificate or assignment and assumption agreement delivered to the Agent pursuant to Section 13;

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

(c)               
The Agent shall be under no obligation to institute, conduct or defend any litigation hereunder or in relation hereto at
the request, order or direction of any of the Holders

    	 	 -35-	 

    	 

    

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

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

(e)               
The Agent shall not be bound to make any investigation into the facts or matters stated in any officer’s certificate
or assignment and assumption agreement delivered to the Agent pursuant to Section 13; and

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

34.             
Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Note
A-1 Holder, except that the Note A-1 Holder may designate the Servicer under the Interim Servicing Agreement without prior written
notice. 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 Holders, has agreed to be bound by this Agreement
and perform the duties of the Agent hereunder. BSP, as Initial Agent, may transfer its rights and obligations to the Servicer,
as successor Agent, at any time without the consent of any Holder. BSP, 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. The termination or resignation of such Servicer, as Servicer under
the Servicing Agreement, shall be deemed a termination or resignation of such Servicer as Agent under this Agreement. Notwithstanding
the to the contrary in this Agreement, upon a Securitization of Note A-1, the Certificate Administrator shall automatically become
and be the Agent.

[NO FURTHER TEXT ON THIS PAGE]

 

    	 	 -36-	 

    	 

    

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

	 	Note A-1 Holder and Initial Agent:
	 	 	 
	 	BSPRT CMBS FINANCE, LLC
	 	 	 
	 	By:	/s/ Micah Goodman
	 	 	Name: Micah Goodman
	 	 	Title:   Authorized Signatory
	 	 	 
	 	Note A-2 Holder:
	 	 	 
	 	BSPRT CMBS FINANCE, LLC
	 	 	 
	 	By:	/s/ Micah Goodman
	 	 	Name: Micah Goodman
	 	 	Title:   Authorized Signatory

 

 

[Signature Page to Vernon Tower Co-Lender Agreement]

 

 

    	 	 	 

    	 

    

EXHIBIT A

MORTGAGE LOAN SCHEDULE

A.       Description of
Mortgage Loan

	Mortgage Loan:	Vernon Tower
	Borrower:	Vernon Tower LLC
	Mortgage Loan Origination Date:  	December 4, 2019
	Initial Principal Amount of Mortgage Loan:	$43,250,000.00
	Location of Mortgaged Property:	Astoria, NY
	Current Use of Mortgaged Property:	Multifamily
	Mortgage Interest Rate:	4.0700% per annum
	Maturity Date:	December 6, 2029

 

    	 	 A-1	 

    	 

    

B.       Description of
Notes

	Mortgage Loan Origination Date:	December 4, 2019
	Initial Note A-1 Principal Balance:	$26,450,000
	Initial Note A-2 Principal Balance:	$16,800,000
	Initial Note A-1 Percentage Interest:	61.16%
	Initial Note A-2 Percentage Interest:	38.84%
	Note A-1 Interest Rate:	4.0700% per annum
	Note A-2 Interest Rate:	4.0700% per annum
	Note A-1 Default Interest Rate:	A rate per annum equal to the lesser of  (i) the maximum rate permitted by applicable law, or (ii) 5% above the Note A-1 Interest Rate, compounded monthly
	Note A-2 Default Interest Rate:  	A rate per annum equal to the lesser of  (i) the maximum rate permitted by applicable law, or (ii) 5% above the Note A-2 Interest Rate, compounded monthly

 

    	 	 A-2	 

    	 

    

EXHIBIT B

NOTICE ADDRESSES

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

 

BSPRT CMBS Finance, LLC

1345 Avenue of the Americas, Suite 32A

New York, New York 10105

Attention: Micah Goodman

 

    	 	 B-1	 

    	 

    

EXHIBIT C

PERMITTED FUND MANAGERS

Westbrook Partners

iStar Financial Inc.

Capital Trust

Archon Capital, L.P.

Whitehall Street Real Estate Fund, L.P.

The Blackstone Group

Normandy Real Estate Partners

Dune Real Estate Partners

AllianceBernstein

Rockwood

RREEF Funds

Hudson Advisors

Artemis Real Estate Partners

Apollo Real Estate Advisors

Colony Capital, Inc.

Praedium Group

Fortress Investment Group, LLC

Lonestar Opportunity Funds

Clarion Partners

Walton Street Capital, LLC

Starwood Financial Trust

BlackRock, Inc.

Eightfold Real Estate Capital, L.P.

Rialto Capital Management, LLC

Rialto Capital Advisors, LLC

Raith Capital Partners, LLC

 

    	 	 C-1Exhibit 4.20

 

Execution Copy

 

 

 

 

 

WELLS FARGO BANK,

NATIONAL ASSOCIATION,

Master Servicer

 

 

and

 

 

KEYBANK NATIONAL ASSOCIATION,

Primary Servicer

 

 

PRIMARY SERVICING AGREEMENT

Dated as of June 1, 2020

 

 

 

 

 

 

BBCMS Mortgage Trust 2020-C7,

Commercial Mortgage Pass-Through Certificates,

Series 2020-C7

 

    	 	 	 

    	 

    

 

 

TABLE ON CONTENTS

 

	 	 	Page
	ARTICLE I	DEFINITIONS	1
	Section 1.01	Defined Terms	1
	ARTICLE II	MASTER SERVICER’S ENGAGEMENT OF PRIMARY SERVICER TO PERFORM SERVICING RESPONSIBILITIES	2
	Section 2.01	Contract for Servicing; Possession of Mortgage Loan Documents	2
	Section 2.02	Notice of Breach of Representations and Warranties	3
	ARTICLE III	SERVICING OF THE MORTGAGE LOANS AND THE SERVICED COMPANION LOANS	3
	Section 3.01	Primary Servicer to Service	3
	Section 3.02	Merger or Consolidation of the Primary Servicer	16
	Section 3.03	Limitation on Liability of the Primary Servicer and Others	16
	Section 3.04	Primary Servicer Not to Resign	17
	Section 3.05	No Transfer or Assignment of Servicing	17
	Section 3.06	Indemnification	18
	ARTICLE IV	DEFAULT	18
	Section 4.01	Events of Default	18
	Section 4.02	Waiver of Defaults	21
	Section 4.03	Other Remedies of Master Servicer	21
	ARTICLE V	TERMINATION	21
	Section 5.01	Termination	22
	Section 5.02	Termination With Cause	22
	Section 5.03	Termination of Duties with Respect to Specially Serviced Loans	22
	ARTICLE VI	MISCELLANEOUS	22
	Section 6.01	Successor to the Primary Servicer	22
	Section 6.02	Financial Statements	23
	Section 6.03	Closing	23
	Section 6.04	Closing Documents	23
	Section 6.05	Notices	24

 

    	 	ii	 

    	 

    

 

 

TABLE ON CONTENTS

(continued)

		 	Page
	Section 6.06	Severability Clause	25
	Section 6.07	Counterparts	25
	Section 6.085	Governing Law	25
	Section 6.09	Protection of Privileged Information	25
	Section 6.10	Intention of the Parties	25
	Section 6.11	Third Party Beneficiary	26
	Section 6.12	Successors and Assigns; Assignment of Agreement	26
	Section 6.13	Waivers	26
	Section 6.14	Exhibits	26
	Section 6.15	General Interpretive Principles	26
	Section 6.16	Complete Agreement	26
	Section 6.17	Further Agreement	27
	Section 6.18	Amendments	27

 

 

    	 	iii	 

    	 

    

 

	EXHIBIT A	 MORTGAGE LOAN SCHEDULE	A-1
	EXHIBIT B 	PRIMARY SERVICER’S OFFICER’S CERTIFICATE	B-1
	EXHIBIT C 	POOLING AND SERVICING AGREEMENT	C-1
	EXHIBIT D 	RESERVED	 
	EXHIBIT E 	QUARTERLY SERVICING CERTIFICATION	E-1
	EXHIBIT F 	FORM OF ACCOUNT CERTIFICATION	F-1
	EXHIBIT G 	FORM OF COLLECTION REPORT	G-1
	EXHIBIT H 	FORM OF CERTIFICATE OF INSURANCE	H-1
	EXHIBIT I 	NEW LEASE INFORMATION	I-1
	EXHIBIT J 	MONTHLY SERVICING ACCOUNTS CERTIFICATION	J-1

 

 

    	 	iv	 

    	 

    

 

This is a Primary Servicing
Agreement (the “Agreement”), dated as of June 1, 2020, by and between KEYBANK NATIONAL ASSOCIATION, having an
office at 11501 Outlook Street, Suite 300, Overland Park, Kansas 66211, and its successors and assigns (the “Primary Servicer”),
and WELLS FARGO BANK, NATIONAL ASSOCIATION, having an office at c/o Commercial Mortgage Servicing, MAC D1050-084, Three Wells Fargo,
401 South Tryon Street, 8th Floor, Charlotte, North Carolina 28202, and its successors and assigns (the “Master
Servicer”).

 

WITNESSETH:

 

WHEREAS, Barclays Commercial
Mortgage Securities LLC, as depositor (the “Depositor”), Rialto Capital Advisors, LLC, as special servicer (the
“Special Servicer”), Wilmington Trust, National Association, as trustee (the “Trustee”),
Wells Fargo Bank, National Association, as certificate administrator (the “Certificate Administrator”), Park
Bridge Lender Services LLC, as operating advisor (in such capacity, the “Operating Advisor”) and as asset representations
reviewer (in such capacity, the “Asset Representations Reviewer”), and the Master Servicer have entered into
that certain Pooling and Servicing Agreement dated as of June 1, 2020, as amended, modified and restated from time to time (the
“Pooling and Servicing Agreement”), whereby the Master Servicer shall service certain mortgage loans and related
companion loan on behalf of the Trustee;

 

WHEREAS, Section 3.20
of the Pooling and Servicing Agreement authorizes the Master Servicer to enter into this agreement with the Primary Servicer whereby
the Primary Servicer shall service the mortgage loan or mortgage loans, as applicable, listed on Exhibit A (the “Mortgage
Loan Schedule”) attached hereto (herein referred to as the “Mortgage Loans”) and the Inland Life Storage
Porfolio Pari Passu Companion Loan and Weston South Carolina Industrial Portfolio Pari Passu Companion Loan (the “Serviced
Companion Loans”) on behalf of the Master Servicer.

 

NOW, THEREFORE, in consideration
of the mutual agreements hereinafter set forth, and for other good and valuable consideration, the receipt and adequacy of which
are hereby acknowledged, the Master Servicer and the Primary Servicer hereby agree as follows:

 

ARTICLE I

DEFINITIONS

 

		Section	 1.01                   
Defined Terms.

 

Unless otherwise specified
in this Agreement, all capitalized terms not otherwise defined herein shall have the meanings set forth in the Pooling and Servicing
Agreement. As used herein, the following terms have the meanings assigned to them in this Section 1.01:

 

“Collection Report”
shall mean the monthly report prepared by the Primary Servicer setting forth, with respect to each Mortgage Loan and Serviced Companion
Loans and the most recently ended Collection Period prior to the due date of such report, the information described

    	 	 1	 

    	 

    

on Exhibit G attached hereto.

 

“Mortgage Loans” shall have the meaning
specified in the recitals hereto.

 

“Mortgage Loan Schedule” shall have
the meaning specified in the recitals hereto.

 

“Primary Servicer
Collection Account” shall have the meaning set forth in Section 3.01(c)(7) of this Agreement.

 

“Primary Servicer
Companion Distribution Account” shall have the meaning set forth in Section 3.01(c)(8) of this Agreement.

 

“Primary Servicer
Remittance Amount” shall mean, with respect to any date and with respect to the Mortgage Loans, an amount equal to, without
duplication, (a) the sum of (i) the aggregate of the amounts on deposit attributable to the Mortgage Loans in the Primary Servicer
Collection Account as of such date, (ii) if and to the extent not included in the amount referred to in subclause (a)(i), the aggregate
amount transferred from the REO Account (if established) to the Primary Servicer as of such date, to the extent not previously
remitted to the Master Servicer, (iii) the aggregate of all other amounts received with respect to the Mortgage Loans as of such
date to the extent not previously remitted to the Master Servicer, and (iv) if and to the extent not previously remitted to the
Master Servicer, any amounts deposited by the Primary Servicer pursuant to Section 3.01(c)(23) of this Agreement; net of
(b) the portion of the amount described in subclause (a) of this definition that represents one or more of the following: (i) Escrow
Payments or (ii) any amounts that the Primary Servicer is entitled to retain as compensation pursuant to Section 3.11 of
the Pooling and Servicing Agreement as incorporated herein pursuant to Section 3.01(c)(18) of this Agreement.

 

“Primary Servicer
Remittance Date” shall mean the first Business Day after each Determination Date.

 

“Primary Servicer
Reporting Date” shall mean the first Business Day after each Determination Date.

 

“Primary Servicing
Fee” shall mean, with respect to each Mortgage Loan and Serviced Companion Loans and related REO Loan, the fee payable
to the Primary Servicer pursuant to Section 3.01(c)(18) of this Agreement.

 

“Primary Servicing
Fee Rate” shall mean, with respect to each Mortgage Loan and Serviced Companion Loans, the rate that corresponds to such
Mortgage Loan and Serviced Companion Loans set forth on Exhibit A hereto under
the heading “Primary Servicing Fee.”

 

“Serviced Companion
Loans” shall have the meaning specified in the recitals hereto.

 

“Serviced Whole
Loan” shall mean the Inland Life Storage Portfolio Serviced Pari Passu Companion Loan and the Weston South Carolina Industrial
Portfolio Serviced Pari Passu Companion Loan, together with the related Mortgage Loan.

    	 	 2	 

    	 

    

 

 

 

ARTICLE II

 

MASTER SERVICER’S ENGAGEMENT OF PRIMARY
SERVICER

TO PERFORM SERVICING RESPONSIBILITIES

 

Section 2.01                   
Contract for Servicing; Possession of Mortgage Loan Documents.

 

The Master Servicer, by
execution and delivery of this Agreement, does hereby contract with the Primary Servicer, subject to the terms of this Agreement,
for the servicing of the Mortgage Loans and the Serviced Companion Loans. On and after the Closing Date, the Primary Servicer shall
hold any portion of the Servicing File or the Mortgage File (including without limitation, any original letter of credit) in the
possession of the Primary Servicer in trust by the Primary Servicer, on behalf of the Master Servicer for the benefit of the Certificateholders.
The Primary Servicer’s possession of any portion of the Servicing File or the Mortgage File shall be at the will of the Master
Servicer and the Trustee for the sole purpose of facilitating the servicing or the supervision of servicing of the related Mortgage
Loan and Serviced Companion Loans pursuant to this Agreement, and such retention and possession by the Primary Servicer shall be
in a custodial capacity only. Any portion of the Servicing File or the Mortgage File retained by the Primary Servicer shall be
identified to reflect clearly the ownership of the related Mortgage Loan by the Trustee. The Primary Servicer shall release from
its custody any Servicing File or any Mortgage File retained by it only in accordance with this Agreement and the Pooling and Servicing
Agreement. The Primary Servicer shall hold the original of each letter of credit relating to a Mortgage Loan in trust on behalf
of the Trust in order to draw on such letter of credit on behalf of the Trust. The Primary Servicer shall forward a copy of each
letter of credit to the Master Servicer. During the term of this Agreement, the Primary Servicer will also provide to the Master
Servicer a copy of any lease, amendments to Mortgage Loan documents and other documents related to the Mortgaged Property securing
the related Mortgage Loan (and the related Serviced Companion Loans) or related to the Mortgage Loan (and the related Serviced
Companion Loans) as soon as possible after receipt or execution thereof, as applicable.

  

		Section	 2.02                   
Notice of Breach of Representations and Warranties.

 

Following its receipt from
the Depositor, the Master Servicer shall provide a copy of the applicable Mortgage Loan Purchase Agreement to the Primary Servicer.
The Primary Servicer shall promptly notify in writing the Master Servicer upon becoming aware of any breach of any representations
and warranties contained in such Mortgage Loan Purchase Agreement or a document defect that could give rise to a cure or repurchase
obligation. The Primary Servicer shall reasonably cooperate with the Master Servicer in pursuing its obligations to make a repurchase
claim against the related Mortgage Loan Seller. The Primary Servicer shall notify the Master Servicer in writing within five (5)
Business Days after the Primary Servicer discovers or receives notice alleging a Defect or a Breach or receives notice of a 15Ga-1
Repurchase Request. The Primary Servicer shall promptly, but in no event later than five (5) Business Days after

    	 	 3	 

    	 

    

receipt, provide to the Master Servicer a copy
of any written 15Ga-1 Repurchase Request, withdrawal of a 15Ga-1 Repurchase Request, or rejection of a 15Ga-1 Repurchase Request
received by the Primary Servicer and such other information in the possession of the Primary Servicer reasonably requested by the
Master Servicer to fulfill its obligations under Section 2.02(g) and Section 2.03 of the Pooling and Servicing Agreement.

 

 

ARTICLE III

 

SERVICING
OF THE MORTGAGE LOANS AND THE SERVICED COMPANION LOANS

 

		Section	 3.01                   
Primary Servicer to Service.

 

(a)              
The Primary Servicer, as an independent contractor, shall service and administer the Mortgage Loans and the Serviced
Companion Loans in a manner consistent with the Servicing Standard under the Pooling and Servicing Agreement and, in the case of
the Serviced Companion Loans, as a collective whole with the related Mortgage Loan, taking into account the pari passu nature of
such Serviced Companion Loans.

 

(b)              
The Primary Servicer shall perform, on behalf of the Master Servicer, all of the obligations of the Master Servicer
(with respect to the Mortgage Loans and the Serviced Companion Loans subject to this Agreement) as set forth in those sections
of the Pooling and Servicing Agreement specifically incorporated herein pursuant to Section 3.01(c) of this Agreement (the
“Incorporated Sections”), as modified by Section 3.01(c) of this Agreement, and the Master Servicer shall
have the same rights with respect to the Primary Servicer that the Trustee, the Certificate Administrator, the Custodian, the Depositor,
the Initial Purchasers, the Directing Certificateholder, the Controlling Class Certificateholder, the Risk Retention Consultation
Party (if applicable), the Operating Advisor, the Asset Representations Reviewer, the Rating Agencies, the Underwriters, the 17g-5
Information Provider, the Serviced Companion Noteholder, the Companion Paying Agent, the Certificateholders and the Special Servicer
(including, without limitation, the right of the Special Servicer to direct the Master Servicer during certain periods) have with
respect to the Master Servicer under the Pooling and Servicing Agreement to the extent that the Primary Servicer is acting on behalf
of the Master Servicer hereunder and except as otherwise set forth herein. Without limiting the foregoing, and subject to Section
3.19 of the Pooling and Servicing Agreement as modified herein, the Primary Servicer shall service and administer all of the
Mortgage Loans and Serviced Companion Loans that are not Specially Serviced Loans; provided, however, that the Primary Servicer
shall continue to receive payments (and provide notice to the Master Servicer of such payments), collect information and prepare
and deliver reports to the Master Servicer required hereunder with respect to any Specially Serviced Loans and REO Properties (and
the related REO Loans), and render such incidental services with respect to any Specially Serviced Loans and REO Properties as
and to the extent as may be specifically provided for herein. All references herein to the respective duties of the Primary Servicer
and the Special Servicer, and to the areas in which they may exercise discretion, shall be subject to Section 3.19 of the
Pooling and Servicing Agreement, as modified herein, and to the Special Servicer’s rights to service Specially Serviced

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Loans. Except as otherwise set forth below,
for purposes of this Agreement, (i) references to the Trustee, the Certificate Administrator, the Custodian, the Depositor, the
Special Servicer, the Initial Purchasers, the Directing Certificateholder, the Underwriters, the Operating Advisor, the Asset Representations
Reviewer, the Rating Agencies, the Controlling Class Certificateholder, the Risk Retention Consultation Party (if applicable),
the 17g-5 Information Provider and the Certificateholders in the Incorporated Sections (and in the defined terms used therein)
shall be deemed to be references to the Master Servicer hereunder, (ii) references to the Master Servicer in the Incorporated Sections
(and in the defined terms used therein) shall be deemed to be references to the Primary Servicer hereunder, (iii) references to
the Mortgage Loans, as defined in the Pooling and Servicing Agreement, in the Incorporated Sections (and in the defined terms used
therein) shall be deemed to be references to the Mortgage Loans in this Agreement and (iv) references to the Serviced Companion
Loans and Serviced Pari Passu Companion Loans, each as defined in the Pooling and Servicing Agreement, in the Incorporated Sections
(and in the defined terms used therein) shall be deemed to be references to the Serviced Companion Loans in this Agreement (such
modification of the Incorporated Sections (and in the defined terms used therein) pursuant to clauses (i), (ii), (iii) and (iv)
of this sentence shall be referred to herein as the “References Modification”). In each case where the Master
Servicer is given any power to act under the provisions of the Incorporated Sections, such power is hereby delegated to the Primary
Servicer to the extent necessary to perform its obligations under this Agreement and subject to the restrictions contained in this
Agreement. With respect to all servicing responsibilities of the Master Servicer under the Pooling and Servicing Agreement which
are not being performed by the Primary Servicer under this Agreement, the Primary Servicer shall reasonably cooperate with the
Master Servicer to facilitate the timely performance of such servicing responsibilities.

 

(c)       The following
Sections of the Pooling and Servicing Agreement, unless otherwise

provided in this Section 3.01(c) of
this Agreement, are hereby incorporated herein by reference as if fully set forth herein, and, for purposes of this Agreement,
in addition to the References Modification, are hereby further modified as set forth below:

 

(1)                        
Section 1.02. The determination as to the application of amounts collected in respect of any Mortgage Loan
or the Serviced Companion Loans, in the absence of express provisions in the related Mortgage Loan documents or to the extent that
such terms authorize the lender to use its discretion, shall be made by the Master Servicer.

 

(2)                        
Sections 3.01(a) - (f), (h), (j) and (m). Without limiting the generality of the obligations of the Primary
Servicer hereunder, the Primary Servicer shall monitor and certify on a quarterly basis, starting with the quarter ending September
of 2020, within thirty (30) days of the end of such quarter the information on each Mortgage Loan and Serviced Companion Loans
as required by, and in the form of, Exhibit E attached hereto, pursuant to Section 3.01(c)(21) of this Agreement.
In addition, without limiting the generality of the foregoing, the Primary Servicer shall take all necessary action to continue
all UCC Financing Statements in favor of the originator of each Mortgage Loan (and related Serviced Companion Loans) or in favor
of any assignee prior to the expiration of such UCC Financing Statements. Notwithstanding the foregoing, the Primary Servicer’s
authority is restricted as provided in Section 3.01(c)(14) and (24) of this Agreement.

 

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(3)                       
 Section 3.02. The Primary Servicer may not waive any Penalty Charges that the Master Servicer is permitted
to waive under Section 3.02 of the Pooling and Servicing Agreement without the consent of the Master Servicer. The Primary
Servicer shall promptly notify the Master Servicer of any defaults under the Mortgage Loans or Serviced Companion Loans, collection
issues or customer issues and shall take no actions with respect to enforcing such Mortgage Loans or Serviced Companion Loans without
the prior written consent of the Master Servicer.

 

(4)                       
Section 3.03(a). The creation of any Servicing Account shall be evidenced by a certification in the form of
Exhibit F attached hereto and a copy of such certification shall be furnished to the Master Servicer on or prior
to the Closing Date and thereafter to the Master Servicer upon any transfer of any Servicing Account.

 

(5)                       
Sections 3.03(b) and (e). Without limiting the generality of the obligations of the Primary Servicer hereunder,
the Primary Servicer shall monitor and certify to the information on each Mortgage Loan and Serviced Companion Loans with respect
to taxes, insurance premiums, assessments, ground rents and other similar items on a quarterly basis starting for the quarter ending
in September of 2020, within thirty (30) days of the end of such quarter as required by, and in the form of, Exhibit E
attached hereto, pursuant to Section 3.01(c)(21) of this Agreement.

 

(6)                       
Section 3.03(c) is not incorporated herein. The Primary Servicer shall not be permitted to make any Servicing
Advances. The Primary Servicer shall give the Master Servicer not less than five (5) Business Days’ notice before the date
on which the Master Servicer is required to make any Servicing Advance with respect to any Mortgage Loan or Serviced Companion
Loans. In addition, the Primary Servicer shall provide the Master Servicer with such information in its possession as the Master
Servicer may reasonably request to enable the Master Servicer to determine whether a requested Servicing Advance would constitute
a Nonrecoverable Servicing Advance.

 

(7)                       
Section 3.04(a). The Primary Servicer shall establish a custodial account (hereinafter the “Primary
Servicer Collection Account”), meeting all of the requirements of the Collection Account, and references to the Collection
Account shall be references to such Primary Servicer Collection Account. The creation of any Primary Servicer Collection Account
shall be evidenced by a certification in the form of Exhibit F attached hereto and a copy of such certification shall
be furnished to the Master Servicer on or prior to the Closing Date and thereafter to the Master Servicer upon any transfer of
the Primary Servicer Collection Account. Notwithstanding the third paragraph of Section 3.04(a) of the Pooling and Servicing
Agreement, the Primary Servicer shall deposit into the Primary Servicer Collection Account and include in its Primary Servicer
Remittance Amount all Escrow Payments, Penalty Charges, Modification Fees, defeasance fees, assumption fees, loan service transaction
fees, extension fees, assumption application fees, consent fees, Prepayment Interest Excess, charges for beneficiary statements
or demands, amounts collected for checks returned for insufficient funds and other fees and amounts collected from Mortgagors that
constitute additional servicing compensation and/or additional special servicing compensation (in each case, other than those to
which the Primary Servicer is entitled pursuant to Section 3.01(c)(18) of this Agreement). Any amounts of

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additional special servicing compensation payable
to the Special Servicer shall be remitted to the Special Servicer by the Master Servicer. For purposes of the last paragraph of
Section 3.04(a) of the Pooling and Servicing Agreement, the Master Servicer shall direct the Special Servicer to make payment
of amounts referenced therein directly to the Primary Servicer for deposit in the Primary Servicer Collection Account.

 

(8)           
Section 3.04(b) is not incorporated herein. Only the third paragraph and the fourth paragraph of Section
3.04(b) of the Pooling and Servicing Agreement are incorporated herein. References to the Collection Account shall be references
to the Primary Servicer Collection Account for purposes of the incorporated provisions of Section 3.04(b). The Primary Servicer
shall establish a custodial account (hereinafter the “Primary Servicer Companion Distribution Account”), meeting all
of the requirements of the Companion Distribution Account, and references to the Companion Distribution Account in the incorporated
provisions of Section 3.04(b) of the Pooling and Servicing Agreement shall be references to such Primary Servicer Companion Distribution
Account. The creation of any Primary Servicer Companion Distribution Account shall be evidenced by a certification in the form
of Exhibit F attached hereto (to the extent the Primary Servicer Companion Distribution Account is a separate account) and a copy
of such certification shall be furnished to the Master Servicer on or prior to the Closing Date and thereafter to the Master Servicer
upon any transfer of the Primary Servicer Companion Distribution Account. References to the Companion Paying Agent shall be deemed
to be references to the Primary Servicer and references to the Companion Holder shall be deemed to be references to the Companion
Holder for purposes of the incorporated provisions of Section 3.04(b) of the Pooling and Servicing Agreement.

 

With respect to each Distribution
Date, the Primary Servicer shall deliver to the Master Servicer on or before the Primary Servicer Remittance Date the Primary Servicer
Remittance Amount for such date. Each remittance required to be made to the Master Servicer on the Primary Servicer Remittance
Date shall be made by wire transfer and shall be made by 2:00 p.m. Charlotte, North Carolina time on such date. Each month, on
each Business Day between the Primary Servicer Remittance Date and the Distribution Date, the Primary Servicer shall forward to
the Master Servicer by wire transfer the Primary Servicer Remittance Amount for such date. Each month, on each Business Day that
the Primary Servicer is not required to remit to the Master Servicer pursuant to the previous sentence, the Primary Servicer shall
forward to the Master Servicer by wire transfer all amounts collected by the Primary Servicer and not previously remitted to the
Master Servicer which constitute delinquent payments on the Mortgage Loans and any related Penalty Charges. Section 3.01(c)(21)
of this Agreement sets forth certain reporting requirements with respect to such remittances.

 

(9)                       
Section 3.05(a) is not incorporated herein. The Primary Servicer may, from time to time, make withdrawals
from the Primary Servicer Collection Account for any of the following purposes (the order set forth below not constituting an order
of priority for such withdrawals):

 

(i)                                                                                                                                                                                                                                                               

(A) to remit to the Master Servicer for deposit in the Collection Account the amounts required to be so deposited
pursuant to the second sentence of Section

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3.04(b) of the Pooling and
Servicing Agreement and the second paragraph of Section 3.01(c)(8) of this Agreement and (B) to remit to the Companion
Paying Agent for deposit in the Primary Servicer Companion Distribution Account the amounts required to be so deposited pursuant
to the third paragraph and first sentence of the fourth paragraph of Section 3.04(b) of the Pooling and Servicing Agreement
as incorporated by Section 3.01(c)(8) of this Agreement;

 

(ii)                            
to the extent not otherwise required to be applied against Prepayment Interest Shortfalls on the related Mortgage
Loans and Serviced Companion Loans, to pay itself earned and unpaid Primary Servicing Fees, with respect to the Mortgage Loans,
the Serviced Companion Loans and/or any successor REO Loans in respect thereof, the Primary Servicer’s right to payment pursuant
to this clause (ii) with respect to any such Mortgage Loans, Serviced Companion Loans or REO Loans being limited to amounts
on deposit in the Primary Servicer Collection Account that are received on or in respect of on such Mortgage Loan, Serviced Companion
Loans or REO Loan, as applicable (whether in the form of payments, Liquidation Proceeds or Insurance and Condemnation Proceeds),
that are allocable as recovery of interest thereon;

 

(iii)                         
to pay itself out of general collections on the Mortgage Loans, the Serviced Companion Loans and REO Properties,
with respect to any Mortgage Loan, the Serviced Companion Loans or REO Property any related earned Primary Servicing Fee that remained
unpaid in accordance with clause (ii) above following a Final Recovery Determination made with respect to such Mortgage Loan, Serviced
Companion Loans or REO Property and the deposit into the Collection Account of all amounts received in connection therewith;

 

(iv)                          
to pay itself, as additional servicing compensation in

accordance with Section 3.11(a) of the Pooling and Servicing Agreement, interest and investment income earned in respect
of amounts held in the Primary Servicer Collection Account as provided in Section 3.01(c)(10) of this Agreement, but only
to the extent of the Net Investment Earnings, if any, with respect to the Primary Servicer Collection Account for the period from
and including the prior Primary Servicer Remittance Date to and including such Primary Servicer Remittance Date;

 

(v)                            
to remit to the Companion Paying Agent for deposit into the Primary Servicer Companion Distribution Account the amounts
required to be deposited pursuant to Section 3.04(b) of the Pooling and Servicing Agreement as incorporated by Section
3.01(c)(8) of this Agreement without duplication of amounts deposited pursuant to clause (i) above;

 

(vi)                          
to clear and terminate the Primary Servicer Collection

Account at the termination of this Agreement pursuant to Section 9.01 of the Pooling and Servicing Agreement, as modified
herein; and

 

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(vii)                        
 to remove any amounts deposited in the Primary Servicer

Collection Account in error.

 

All withdrawals from the
Primary Servicer Collection Account shall be subject to the application and requirements of Section 3.05(f)(i) of the Pooling
and Servicing Agreement. The Primary Servicer shall keep and maintain separate accounting records, on a loan-by-loan basis, reflecting
amounts allocable to each Mortgage Loan and Serviced Companion Loans, and on a property-by-property basis when appropriate, for
the purpose of justifying any withdrawal, debit or credit from the Primary Servicer Collection Account. Upon written request, the
Primary Servicer shall provide to the Master Servicer such records.

 

(10)                    
Section 3.06 is not incorporated herein. The Primary Servicer may invest funds in the Primary Servicer Collection
Account, the Primary Servicer Companion Distribution Account and/or any Servicing Account maintained by it on the same terms as
the Master Servicer may invest funds in the Collection Account, the Companion Distribution Account and/or a Servicing Account,
and subject to the same rights, restrictions and obligations regarding maturity dates, gains, losses, withdrawals, possession and
control of Permitted Investments and Permitted Investments payable on demand. Without limiting the generality of the foregoing,
any investment of funds in the Primary Servicer Collection Account, the Primary Servicer Companion Distribution Account and/or
Servicing Account shall be made in the name of the Primary Servicer on behalf of the Trustee (in its capacity as such) for the
benefit of the Certificateholders.

 

(11)                    
Sections 3.07(a) and (d). References to the Collection Account shall be references to the Primary Servicer
Collection Account. All insurance policies caused to be maintained by the Primary Servicer hereunder shall also name the Master
Servicer as loss payee. Within fifteen (15) days after the execution date of this agreement, the Primary Servicer shall forward
to the Master Servicer a fully completed certificate of insurance in the form of Exhibit H attached hereto. Without
limiting the generality of the obligations of the Primary Servicer hereunder, the Primary Servicer shall monitor and certify as
to the status of insurance policies relating to the Mortgage Loans and the Serviced Companion Loans on a quarterly basis starting
for the quarter ending in September of 2020, within 30 days of the end of such quarter as required by, and in the form of, Exhibit
E attached hereto, pursuant to Section 3.01(c)(21) of this Agreement. The Primary Servicer shall promptly notify
the Master Servicer of any Mortgaged Property that is not insured against terrorist or other similar acts. The Master Servicer
or the Special Servicer, as applicable, shall make all determinations with respect to terrorism insurance matters required to be
made under Section 3.07 of the Pooling and Servicing Agreement, and the Primary Servicer shall reasonably cooperate with
the Master Servicer in connection therewith.

 

(12)                    
Section 3.07(b). References to the Collection Account shall be references to the Primary Servicer Collection
Account.

 

(13)                    
Section 3.07(c). The Primary Servicer shall cause to be delivered to the Master Servicer from time to time
upon the Master Servicer’s reasonable request a certificate of insurance or other evidence of such fidelity bond and errors
and omissions insurance. The Primary Servicer shall promptly notify or cause its insurer to notify the Master Servicer of any

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material change to such fidelity bond or errors
and omissions insurance.

 

(14)                    
Section 3.08. Notwithstanding anything herein to the contrary, the Primary Servicer will not permit or consent
to any assumption, transfer or other action contemplated by Section 3.08 of the Pooling and Servicing Agreement unless the
Primary Servicer has confirmed with the Master Servicer that the Master Servicer is either obligated to process or that the Master
Servicer and the Special Servicer have mutually agreed that the Master Servicer shall process such request pursuant to Section
3.08 of the Pooling and Servicing Agreement. Following such confirmation, the Primary Servicer will not permit or consent to
any assumption, transfer or other action contemplated by Section 3.08 of the Pooling and Servicing Agreement without the
prior written consent of the Master Servicer. With respect to any such proposed action, the Primary Servicer shall perform and
forward to the Master Servicer any analysis, recommendation or other information required to be prepared and/or delivered by the
Master Servicer under Section 3.08 of the Pooling and Servicing Agreement. The Master Servicer, not the Primary Servicer,
will deal directly with the Special Servicer in connection with obtaining any necessary approval or consent from the Special Servicer.
If the Primary Servicer shall process any such assumption, transfer or other action, and the Master Servicer consents to such transaction,
the Primary Servicer shall process, document and close such transaction. The Primary Servicer shall promptly provide copies of
any waivers it effects pursuant to this Section to the Master Servicer and the Master Servicer will provide notice or copies to
the 17g-5 Information Provider and Rating Agencies to the extent required by the Pooling and Servicing Agreement.

 

(15)      
Reserved.

 

(16)                  
Section 3.09. References to the Master Servicer shall not be deemed to be references to the Primary Servicer
for purposes of Section 3.09 (other than Section 3.09(f)) of the Pooling and Servicing Agreement.

 

(17)                  
Section 3.10. The references to the Collection Account in Section 3.10 of the Pooling and Servicing
Agreement shall be references to the Primary Servicer Collection Account. No expense incurred in connection with any instrument
of satisfaction or deed of reconveyance shall be chargeable to the Primary Servicer Collection Account.

 

(18)      
Section 3.11(a). References to the Servicing Fee shall be references to the Primary Servicing Fee and references
to the Servicing Fee Rate shall be references to the Primary Servicing Fee Rate. The third paragraph of Section 3.11(a) of the
Pooling and Servicing Agreement is not incorporated herein. In addition, the Primary Servicer shall be entitled to receive, as
additional servicing compensation, to the extent the Master Servicer is entitled to such amounts under the Pooling and Servicing
Agreement, (i) all investment income earned on amounts on deposit in the Primary Servicer Collection Account and certain Servicing
Accounts (to the extent consistent with the related Mortgage Loan documents), (ii) 100% of any amounts collected by the Primary
Servicer for checks returned for insufficient funds, demand fees or similar items with respect to the Mortgage Loans and Serviced
Companion Loans to the extent the Master Servicer is entitled to such items under Section 3.11(a) of the Pooling and Servicing
Agreement, (iii) 50% of that portion of any Excess Modification Fees, consent fees and similar fees to which the Master Servicer
is entitled under Section 3.11(a) of the Pooling and Servicing

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Agreement with respect to the Mortgage Loans
and Serviced Companion Loans in connection with matters performed by the Primary Servicer pursuant to Section 3.01(c)(24)
of this Agreement, (iv) 50% of that portion of any assumption fees and assumption application fees (or similar fees) to which the
Master Servicer is entitled under Section 3.11(a) of the Pooling and Servicing Agreement with respect to the Mortgage Loans
and Serviced Companion Loans, (v) 50% of that portion of any defeasance fees to which the Master Servicer is entitled under Section
3.11(a) of the Pooling and Servicing Agreement in connection with matters performed by the Primary Servicer pursuant to Section
3.01(c)(24) of this Agreement with respect to the Mortgage Loans and Serviced Companion Loans, and (vi) 100% of that portion
of any beneficiary statement charges to which the Master Servicer is entitled under Section 3.11(a) of the Pooling and Servicing
Agreement with respect to the Mortgage Loans and Serviced Companion Loans. The Primary Servicer shall not be entitled to any Prepayment
Interest Excesses, Compensating Interest Payments, Default Interest, or other amounts not specifically addressed above in this
Section 3.01(c)(18).

 

(19)                                         
Section 3.12(a). The Primary Servicer shall promptly (but in no event later than three (3) Business Days after
the completion of related inspection report) forward to the Master Servicer a copy of all inspection reports prepared by or on
behalf of the Primary Servicer. The Primary Servicer may engage a third party at its cost to perform property inspections and prepare
property inspection reports without first obtaining the consent of the Master Servicer; provided, however, that the
Primary Servicer shall remain obligated and primarily liable to the Master Servicer for satisfactory completion of the inspections
and reports as required by this Agreement. If any inspection report identifies a “life safety” or other material deferred
maintenance item existing with respect to the related Mortgaged Property, the Primary Servicer (x) shall promptly send to the related
Mortgagor a letter identifying such deferred maintenance item and instructing such Mortgagor to correct such deferred maintenance
item and (y) shall follow up with such Mortgagor in writing and at such frequency as is in accordance with the Servicing Standard
to confirm that such deferred maintenance item is being corrected. The Primary Servicer shall promptly notify the Master Servicer
of any event or circumstance that gives rise to enforcement rights with respect to the manager under the related Mortgage Loan
documents and management agreement. With respect to all reports delivered to the Master Servicer under this Section 3.01(c)(19),
such reports shall be electronically delivered in a fashion reasonably agreed to by the Master Servicer and Primary Servicer.

 

(20)                                         
Reserved.

 

(21)                                         
Sections 3.12(b), (d) and (f). The Primary Servicer shall electronically deliver to the Master Servicer in
Microsoft Excel format promptly upon completion, and in any event, at least five (5) Business Days before the Master Servicer must
deliver or make available such reports, statements and files under the Pooling and Servicing Agreement, a copy of all operating
statements, rent rolls, income statements, budgets and financial statements collected by the Primary Servicer and the CREFC®
Operating Statement Analysis Report and CREFC® NOI Adjustment Worksheet with respect to the Mortgage Loans and Serviced
Companion Loans as required by Section 3.12(b) of the Pooling and Servicing Agreement. The Primary Servicer shall deliver
to the Master Servicer, no later than 5:00 p.m., New York City time on the Primary Servicer Reporting Date, by electronic transmission
in the format mutually agreed upon by the

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Master Servicer and the Primary Servicer, the
reports, statements and files required by the first paragraph of Section 3.12(d) of the Pooling and Servicing Agreement.
The Primary Servicer, in connection with the reports that it prepares in connection with Sections 3.13(b) and (d)
of the Pooling and Servicing Agreement, will afford the Master Servicer reasonable cooperation by providing such information as
the Master Servicer may reasonably request in connection with the Master Servicer’s responsibilities in Sections 3.13(b)
and (d) of the Pooling and Servicing Agreement. The Primary Servicer shall also deliver the reports in this paragraph to
the related Companion Holder no later than the Serviced Whole Loan Remittance Date.

 

The
penultimate sentence in the first paragraph of Section 3.12(d) of the Pooling and Servicing Agreement is not incorporated
herein. The Primary Servicer shall deliver to the Master Servicer, no later than 5:00 p.m. New York City time on the Primary Servicer
Reporting Date, by electronic transmission in the format reasonably acceptable to the Master Servicer and the Primary Servicer,
the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary
Servicer shall deliver to the Master Servicer by electronic transmission (in a format reasonably acceptable to the Master Servicer
and the Primary Servicer) (a) not later than 5:00 p.m. New York City time on the first Business Day following each Determination
Date and on each Serviced Whole Loan Remittance Date, the Collection Report (the information therein to be stated as of the Determination
Date) in the form of Exhibit G and (b) within thirty (30) days after the end of each calendar quarter, beginning
with the quarter ending September 2020, the certification on the Mortgage Loans and Serviced Companion Loans, including without
limitation information regarding UCC Financing Statements, taxes, insurance premiums and ground rents, required by and in the form
of Exhibit E attached hereto. The Primary Servicer shall deliver to the Master Servicer no later than 5:00 p.m. New
York City time on the second Business Day of each month by electronic transmission in a format reasonably acceptable to the Master
Servicer and the Primary Servicer, a remittance report containing scheduled balance information for each Mortgage Loan and Serviced
Companion Loans reflecting the scheduled Periodic Payment for such month in the form of Exhibit G attached hereto.
In addition, on each day that the Primary Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(8)
of this Agreement, and on each day that the Primary Servicer forwards to any Serviced Companion Noteholder any funds prusuant to
Section 3.01(c)(36) of this Agreement, the Primary Servicer shall deliver to the Master Servicer by electronic transmission
in a format reasonably acceptable to the Master Servicer and the Primary Servicer, a report of the nature of such remittance in
the form of Exhibit G attached hereto. The Primary Servicer shall also prepare and deliver to the Master Servicer
not later than 5:00 p.m. New York City time on the first Business Day following each Determination Date, a certification in the
form of Exhibit J attached hereto.

Not later than 5:00
p.m. New York City time on the Primary Servicer Reporting Date, the Primary Servicer shall deliver to the Master Servicer the CREFC®
Schedule AL File in EDGAR-Compatible Format and Excel format with respect to the Mortgage Loans; provided, however, that the Primary
Servicer shall have no obligation to prepare or deliver the CREFC® Schedule AL File or Schedule AL Additional File
unless the Primary Servicer receives the Initial Schedule AL File, the Initial Schedule AL Additional File and the Annex A-1 to
the Prospectus from the Master Servicer. In preparing the CREFC® Schedule AL File and any Schedule AL Additional
File for any given Distribution Date, and without any due diligence, investigation or verification,

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the Primary Servicer shall be entitled
to conclusively rely, absent manifest error, on the content, completeness, accuracy and compliance with any applicable requirements
of Items 1111(h) and 1125 of Regulation AB and Item 601(b) of Regulation S-K under the Securities Act as in effect on the Closing
Date of the Initial Schedule AL File, the Initial Schedule AL Additional File and the Annex A-1 to the Prospectus. The Primary
Servicer may concurrently with the delivery of the related CREFC® Schedule AL File, deliver any related Schedule
AL Additional File in EDGAR-Compatible Format to the Master Servicer. The CREFC® Schedule AL Files and Schedule
AL Additional File shall each be a single file.

With respect to all
reports delivered to the Master Servicer under this Section 3.01(c)(21), such reports shall be electronically delivered in a fashion
reasonably agreed to by the Master Servicer and the Primary Servicer.

(22)                                         
Section 3.13. The Primary Servicer shall also be subject to Section 3.01(c)(29) of this Agreement.
None of the restrictions in Section 3.13 of the Pooling and Servicing Agreement or Section 3.01(c)(29) of this Agreement
shall prohibit or restrict oral or written communications, or providing information, between the Primary Servicer, on the one hand,
and a Rating Agency or NRSRO, on the other hand, with regard to (i) such Rating Agency’s or NRSRO’s review of the ratings
it assigns to the Primary Servicer, (ii) such Rating Agency’s or NRSRO’s approval of the Primary Servicer as a commercial
mortgage master, special or primary servicer or (iii) such Rating Agency’s or NRSRO’s evaluation of the Primary Servicer’s
servicing operations in general; provided, however, that the Primary Servicer shall not provide any information relating
to the Certificates, the Mortgage Loans or Serviced Companion Loans to a Rating Agency or NRSRO in connection with such review
and evaluation by such Rating Agency or NRSRO unless (x) Mortgagor, property or deal specific identifiers are redacted; (y) such
information has already been provided to the 17g-5 Information Provider and has been uploaded on to the 17g-5 Information Provider’s
Website; or (z) the Rating Agency confirms that it does not intend to use such information in undertaking credit rating surveillance
with respect to the Certificates.

 

(23)                 
Sections 3.17(a), (b) and (e). On each Primary Servicer Remittance Date, the Primary Servicer shall deposit
into the Primary Servicer Collection Account as part of the Primary Servicer Remittance Amount, the amount set forth in Section
3.17(a) of the Pooling and Servicing Agreement to the extent resulting from Principal Prepayments on the Mortgage Loans and
Serviced Companion Loans and to the extent that the Master Servicer is required to remit such amounts under Section 3.17(a)
of the Pooling and Servicing Agreement, and except that references to Servicing Fees in the definition of “Compensating Interest
Payments” in the Pooling and Servicing Agreement shall be references to Primary Servicing Fees. On each Serviced Whole Loan
Remittance Date, the Primary Servicer shall deliver the portion of any Compensating Interest Payment allocated to the Serviced
Companion Loan to the Companion Paying Agent for deposit in the Primary Servicer Companion Distribution Account without right of
reimbursement therefor.The Primary Servicer shall provide any reports and notices required under Section 3.17(b) of the
Pooling and Servicing Agreement to the Serviced Companion Noteholder and shall copy the Master Servicer electronically in a manner
reasonably agreed to by the Master Servicer and the Primary Servicer on any such reports or notices delivered to the Serviced Companion
Noteholder.

 

(24)                    
Section 3.18. Notwithstanding anything herein to the contrary, the Primary

    	 	 13	 

    	 

    

Servicer will not take any action with respect
to any modification, extension, waiver, consent, defeasance, Major Decision, Special Servicer Decision or other action contemplated
by Section 3.18 of the Pooling and Servicing Agreement unless the Primary Servicer has confirmed with the Master Servicer
that the Master Servicer is either obligated to process or has mutually agreed with the Special Servicer to process such transaction
pursuant to Section 3.18 of the Pooling and Servicing Agreement. Following such confirmation, the Primary Servicer will
not permit or consent to any modification, extension, waiver, consent, defeasance, Major Decision, Special Servicer Decision or
other action contemplated by Section 3.18 of the Pooling and Servicing Agreement without the prior written consent of the
Master Servicer. With respect to any such proposed action, the Primary Servicer shall perform and forward to the Master Servicer
any analysis, recommendation or other information required to be prepared and/or delivered by the Master Servicer under Section
3.18 of the Pooling and Servicing Agreement. The Master Servicer, not the Primary Servicer, will deal directly with the Special
Servicer, other parties to the Pooling and Servicing Agreement and any Directing Certificateholder in connection with obtaining
any necessary approval or consent from the respective party; however, when processing loan-related events delegated to it through
this Agreement, the Primary Servicer may consult with the Special Servicer as needed, provided that it copies the Master Servicer
on all related correspondence to the Special Servicer and includes a representative of the Master Servicer on all related calls
with the Special Servicer and otherwise keeps the Master Servicer fully informed as to the results of such consultations. When
forwarding a request for the approval of any retail lease or renewal or extension thereof, the Primary Servicer shall forward to
the Master Servicer the information concerning such lease required by, and in the form of, Exhibit I attached hereto.
The Primary Servicer will not permit any Principal Prepayment or defeasance with respect to any Mortgage Loan or Serviced Companion
Loans without the written consent of the Master Servicer. The Primary Servicer shall promptly forward all requests for Principal
Prepayments or defeasance to the Master Servicer, along with a payoff statement (with respect to each Principal Prepayment request)
setting forth the amount of the necessary Principal Prepayment calculated by the Primary Servicer.

 

(25)                    
Section 3.19(a). The Primary Servicer shall promptly notify the Master Servicer of any event or circumstance
that the Primary Servicer deems will or would cause any Mortgage Loan or Serviced Companion Loans to become a Specially Serviced
Loan. The determination as to whether a Mortgage Loan or Serviced Companion Loans has become a Specially Serviced Loan shall be
made by the Master Servicer and the Master Servicer shall promptly notify the Primary Servicer of any such determination. Upon
receipt by the Master Servicer of notice from the Special Servicer that a Specially Serviced Loan has become a Corrected Loan,
the Master Servicer shall promptly give the Primary Servicer notice thereof and the obligation of the Primary Servicer to service
and administer such Mortgage Loan and, if applicable, Serviced Companion Loans shall resume.

 

(26)                    
Section 3.19(c) is not incorporated herein. The Primary Servicer shall continue to process payments and maintain
ongoing payment records with respect to each Mortgage Loan and Serviced Companion Loans that becomes a Specially Serviced Loan
or an REO Property and shall timely provide the Master Servicer and the Special Servicer with any information required by either
to perform their respective duties under the Pooling and Servicing Agreement. Pursuant to Section 3.01(c)(18) of this Agreement,
the Primary Servicer shall be

    	 	 14	 

    	 

    

entitled to receive the Primary Servicing Fee
for so long as the Master Servicer receives its fee, with respect to each Specially Serviced Loan.

 

(27)                    
Section 3.20. References to the Master Servicer shall not be deemed to be references to the Primary Servicer
for purposes of Section 3.20 of the Pooling and Servicing Agreement. Each provision of Section 3.20 of the Pooling
and Servicing Agreement shall be enforceable against the Primary Servicer in accordance with the terms thereof. The Primary Servicer
may not enter into Sub-Servicing Agreements in connection with the Mortgage Loans or the Serviced Companion Loans, but the Primary
Servicer may delegate its duties to agents or Subcontractors so long as the related agreements or arrangements with such agents
or Subcontractors are consistent with the provisions of Section 3.20 of the Pooling and Servicing Agreement. The Primary
Servicer shall not take any action that the Master Servicer would be prohibited from taking under the Pooling and Servicing Agreement.
The Primary Servicer may not foreclose any Mortgage or, except as permitted by Section 3.01(c)(14) or (24) of this
Agreement, grant any modification, extension, waiver or amendment to any Mortgage Loan or Serviced Companion Loans.

 

This Agreement will be
assumed by the Trustee if the Trustee has assumed the duties of the Master Servicer or by a successor Master Servicer without cost
or obligation to the assuming party or the Trust Fund, upon the assumption by such party of the obligations of the Master Servicer
pursuant to Section 7.02 of the Pooling and Servicing Agreement. In the event the Trustee or any other Person becomes successor
master servicer, the Trustee or such successor master servicer shall have the right to terminate this Agreement with or without
cause and without a fee. Notwithstanding the foregoing or any other contrary provision in the Pooling and Servicing Agreement,
the Trustee and any successor master servicer shall assume this Agreement and (i) the Primary Servicer’s rights and
obligations under this Agreement shall expressly survive a termination of the Master Servicer’s servicing rights under the
Pooling and Servicing Agreement; provided that this Agreement has not been terminated in accordance with its provisions; (ii) any
successor master servicer, including, without limitation, the Trustee (if it assumes the servicing obligations of the Master Servicer)
shall be deemed to automatically assume and agree to the this Agreement without further action upon becoming the successor master
servicer and (iii) the Pooling and Servicing Agreement may not be modified in any manner which would increase the obligations
or limit the rights of the Primary Servicer hereunder and/or under this Agreement, without the prior written consent of the Primary
Servicer (which consent shall not be unreasonably withheld).

 

(28)        
Sections 3.24(a), (d) and (h). The Primary Servicer shall take no action with respect to any mezzanine loan
and shall forward any notice or request received promptly to the Master Servicer. The Primary Servicer shall provide any reports
and notices required under Section 3.24(a) and (d) of the Pooling and Servicing Agreement to the Serviced Companion Noteholders
and shall copy the Master Servicer on any such reports or notices delivered to the Serviced Companion Noteholders. The Master Servicer,
not the Primary Servicer, will deal directly with the Serviced Companion Noteholder in connection with consulting with or obtaining
any necessary approval or consent from such Serviced Companion Noteholder; provided, however, that the Primary Servicer will reasonably
cooperate with the Master Servicer in such consultation or obtaining such consent and shall provide to the Master Servicer

    	 	 15	 

    	 

    

information in the possession of the Primary
Servicer reasonably requested by the Master Servicer to fulfill its obligations under Sections 3.24(a) and (d) of the Pooling
and Servicing Agreement. With respect to all reports delivered to the Master Servicer under this Section 3.01(c)(28), such
reports shall be electronically delivered in a fashion reasonably agreed to by the Master Servicer and Primary Servicer.

 

(29)                    
Section 3.25 is not incorporated herein. Notwithstanding any provision herein to the contrary, the Primary
Servicer shall not make any request to a Rating Agency for a Rating Agency Confirmation; all such requests shall be made by, and
as determined necessary by, the Master Servicer. The Primary Servicer shall not communicate (orally or in writing) with any Rating
Agency regarding any of the Mortgage Loan documents or any matter related to the Mortgage Loans, the Serviced Companion Loans,
the related Mortgaged Properties, the related Mortgagors or any other matters in connection with the Certificates or pursuant to
this Agreement or the Pooling and Servicing Agreement. The Primary Servicer agrees to comply (and to cause each and every subcontractor,
vendor or agent for the Primary Servicer and each of its officers, directors and employees to comply) with the provisions relating
to communications with the Rating Agencies set forth in this Section 3.01(c)(29) and the Pooling and Servicing Agreement
and shall not deliver to any Rating Agency any report, notice, statement, request for Rating Agency Confirmation or other information
the communication of which to the Rating Agencies is restricted by the Pooling and Servicing Agreement.

 

All information described
in the immediately preceding paragraph will be provided by, and all such communications, responses and requests described in the
immediately preceding paragraph will be made by, the Master Servicer in accordance with the procedures required by the Pooling
and Servicing Agreement. To the extent that the Master Servicer is required to provide any information to, or communicate with,
any Rating Agency in accordance with its obligations under the Pooling and Servicing Agreement and such information or communication
is regarding the Mortgage Loans or the Serviced Companion Loans or the primary servicing by the Primary Servicer under this Agreement,
the Primary Servicer shall provide the information to the Master Servicer necessary for the Master Servicer to fulfill such obligations.

 

(31)                    
Sections 3.27 and 3.28. The Primary Servicer shall perform, on behalf of the Master Servicer, all of the obligations,
as incorporated in this Agreement, of the Companion Paying Agent with respect to the Serviced Companion Loans. The Primary Servicer
shall promptly notify the Master Servicer of any information that would impact the Companion Register.

 

(32)                    
Sections 3.29(c), (f), (g), (h) and (i). The Primary Servicer shall reasonably cooperate to enable the Master
Servicer to fulfill its obligations under Sections 3.29(c), (f), (g), (h) and (i) of the Pooling and Servicing Agreement
with respect to the Serviced Companion Loans. The Primary Servicer shall provide any reports and notices that it prepares or are
in its possession as required under Section 3.29(i) of the Pooling and Servicing Agreement to the Serviced Companion Noteholders
and shall copy the Master Servicer electronically in a manner reasonably agreed to by the Master Servicer and Primary Servicer.

 

(33)        
[Reserved]

    	 	 16	 

    	 

    

(34)                 
 Section 3.32 is not incorporated herein. The Primary Servicer shall not initiate or become involved in any
claim or litigation that falls within the scope of Loan-Related Litigation. The Primary Servicer shall promptly, but in any event
no later than five (5) Business Days of the Primary Servicer receiving service of such Loan-Related Litigation, provide written
notice thereof to the Master Servicer. Notwithstanding the foregoing, the Primary Servicer shall retain the right to make determinations
relating to claims or counter-claims against or on behalf of the Primary Servicer subject to Section 3.32(g) of the Pooling
and Servicing Agreement and the rights of the Special Servicer set forth therein, which shall apply to the Primary Servicer to
the extent such provisions apply to the Master Servicer.

 

(35)                 
Section 3.33.

 

(36)                 
Section 4.01(k) is not incorporated herein. The Primary Servicer shall make withdrawals and payments from
the Primary Servicer Companion Distribution Account in the following order of priority:

 

(i)                      
to pay to the Primary Servicer, any amounts deposited by the Primary Servicer in the Primary Servicer Companion Distribution
Account not required to be deposited therein;

(ii)                    
to pay to the Master Servicer, two (2) Business Days before the related Serviced Whole Loan Remittance Date, to the extent
permitted under the related Intercreditor Agreement and not otherwise previously reimbursed, any amounts payable or reimbursable
to the Trustee or the Certificate Administrator or any of their directors, officers, employees and agents, as the case may be,
pursuant to Section 8.05 of the Pooling and Servicing Agreement based on information provided by the Master Servicer to
the Primary Servicer no later than one Business Day prior to such remittance, to the extent any such amounts relate solely to the
Serviced Whole Loan related to the Serviced Companion Loans, and such amounts are to be paid by the related Serviced Companion
Noteholder pursuant to the related Intercreditor Agreement;

(iii)                  
to pay, on the related Serviced Whole Loan Remittance Date, all amounts remaining in the Primary Servicer Companion Distribution
Account related to the Serviced Companion Loans to the related Serviced Companion Noteholder, in accordance with the related Intercreditor
Agreement; and

(iv)                  
to clear and terminate the Primary Servicer Companion Distribution Account at the termination of this Agreement pursuant
to Section 9.01 of the Pooling and Servicing Agreement.

The Primary Servicer
shall keep and maintain separate accounting records, on a loan-by-loan basis, reflecting amounts allocable to the Serviced Companion
Loans, and on a property-by property basis when appropriate, for the purpose of justifying any withdrawal, debit or credit from
the Primary Servicer Companion Distribution Account. Upon reasonable written request, the Primary Servicer shall provide to the
Master Servicer a copy of such records.

    	 	 17	 

    	 

    

Any Late Collections
received by the Primary Servicer from the related Mortgagor that are allocable to a Serviced Companion Loan (or, if such Serviced
Companion Loan has been securitized, reimbursable to the Other Master Servicer or Other Trustee under the related Other PSA) shall
be remitted by the Primary Servicer to the holder thereof (or such Other Master Servicer or Other Trustee) within two (2) Business
Days of receipt of properly identified and available funds.

(37)                 
Section 4.03 is not incorporated herein. The Primary Servicer shall not be permitted to make P&I Advances.

 

(38)        
Section 6.01(a). Section 6.01(a)(i) of the Pooling and Servicing Agreement shall be deemed modified
to read “The Primary Servicer is a national banking association, duly organized, validly existing and in good standing under
the laws of the United States of America, and the Primary Servicer is in compliance with the laws of each State in which any Mortgaged
Property is located to the extent necessary to perform its obligations under this Agreement.” The Primary Servicer hereby
represents and warrants, as of the date hereof, that (i) each insurance policy and fidelity bond referenced in Section 3.07(c)
of the Pooling and Servicing Agreement names the Master Servicer as a loss payee; and (ii) the Primary Servicer is authorized to
transact business in the state or states in which the Mortgaged Properties for the Mortgage Loans are situated, if and to the extent
required by applicable law to the extent necessary to ensure the enforceability of the Mortgage Loans or compliance with its obligations
under this Agreement and the Master Servicer’s obligations under the Pooling and Servicing Agreement.

 

(39)                    
Sections 11.01, 11.02, 11.03, 11.04, 11.05, 11.06, 11.07, 11.09, 11.10, 11.11, 11.12 and 11.15. The Primary
Servicer shall cooperate fully with the Master Servicer and deliver to the Master Servicer any and all statements, reports, certifications,
records and any other information in its possession and necessary in the good faith determination of the Master Servicer, the Certificate
Administrator, the Trustee, the Depositor or Other Depositor to permit the Depositor or Other Depositor or Other Trustee of any
Other Securitization that includes a Serviced Companion Loan, as applicable, to comply with the provisions of Regulation AB and
the Master Servicer to comply with its obligations under Article XI of the Pooling and Servicing Agreement, together with
such disclosures relating to the Primary Servicer, or the servicing of the Mortgage Loans and/or Serviced Companion Loans, reasonably
believed by the Depositor, the related Other Depositor, the Certificate Administrator or the Master Servicer to be necessary in
order to effect such compliance. For purposes of this Section 3.01(c)(39) of this Agreement, references to the Trustee,
the Certificate Administrator, the Depositor, the Other Depositor, the Other Trustee or the Other Certificate Administrator in
Article XI of the Pooling and Servicing Agreement shall not be deemed to be references to the Master Servicer but shall
remain references to the Trustee, the Certificate Administrator, the Depositor, the Other Depositor, the Other Trustee or the Other
Certificate Administrator, as applicable; provided that the Primary Servicer shall copy the Master Servicer on any notice, certificate
or information provided to the Trustee, the Certificate Administrator, the Depositor, the Other Depositor, the Other Trustee or
the Other Certificate Administrator pursuant to this Section 3.01(c)(39) of this Agreement.

 

With respect to any period
that the Primary Servicer is a Servicing Function Participant or a servicer as contemplated by Item 1108(a)(2) of Regulation AB,
the Primary Servicer shall perform all obligations under Section 11.02 applicable to a servicer as contemplated by Item

    	 	 18	 

    	 

    

1108(a)(2) of Regulation AB (including, without
limitation, any obligation or duty the Master Servicer is required under Section 11.02 to cause (or use commercially reasonable
efforts to cause) a Servicing Function Participant or such a servicer as contemplated by Item 1108(a)(2) of Regulation AB to perform).

 

Any Additional Form 10-D
Disclosure and related Additional Disclosure Notification required to be delivered by the Primary Servicer shall be delivered to
the Master Servicer (and, if the Primary Servicer is an Additional Servicer or a Servicing Function Participant, also to the Depositor,
the Certificate Administrator, each Other Depositor and each Other Certificate Administrator (to the extent the notice and/or information
relates to a Serviced Companion Loans or a party that services, specially services or is trustee or custodian for a Serviced Companion
Loans)) within the time provided in Section 11.04 of the Pooling and Servicing Agreement. The Primary Servicer shall reasonably
cooperate with the Master Servicer and the Depositor pursuant to Section 11.04(c) of the Pooling and Servicing Agreement
with respect to any CREFC® Schedule AL File provided by the Primary Servicer.

 

Any Additional Form 10-K
Disclosure and related Additional Disclosure Notification required to be delivered by the Primary Servicer shall be delivered to
the Master Servicer (and, if the Primary Servicer is an Additional Servicer or a Servicing Function Participant, also to the Depositor,
the Certificate Administrator, each Other Depositor and each Other Certificate Administrator (to the extent the notice and/or information
relates to a Serviced Companion Loans or a party that services, specially services or is trustee or custodian for a Serviced Companion
Loans)) on or before the fifth (5th) Business Day preceding March 1st of each year, commencing February 22,
2021.

 

The Primary Servicer (without
regard to whether the Primary Servicer is a Servicing Function Participant, a Reporting Servicer or Additional Servicer) shall
provide a Performance Certification described in Section 11.06 of the Pooling and Servicing Agreement (on which the Master
Servicer and its officers, directors and Affiliates, in addition to the Certification Parties, can reasonably rely) to the Master
Servicer on or before the fifth (5th) Business Day preceding March 1st of each year, commencing February
22, 2021. If the Primary Servicer is a Servicing Function Participant, such Performance Certification shall also be provided to
each affected Certifying Person by the time required by the Pooling and Servicing Agreement, and if the Primary Servicer is not
a Servicing Function Participant, such Performance Certification shall be delivered only to the Master Servicer. In addition, the
Primary Servicer (a) shall provide such information and assistance as may be reasonably required to cooperate with the Master Servicer
in complying with Section 11.06 of the Pooling and Servicing Agreement and (b) shall cooperate with the Master Servicer’s
reasonable requests in performing its due diligence for its certification under Section 11.06 of the Pooling and Servicing
Agreement.

 

Any Form 8-K Disclosure
Information and related Additional Disclosure Notification required to be delivered by the Primary Servicer shall be delivered
to the Master Servicer, the Depositor, the Certificate Administrator, each Other Depositor and each Other Certificate Administrator
(to the extent the notice and/or information relates to a Serviced Companion Loans or a party that services, specially services
or is trustee or custodian for a Serviced Companion Loans) within the time provided in Section 11.07 of the Pooling and
Servicing

    	 	 19	 

    	 

    

Agreement.

 

The Primary Servicer (without
regard to whether the Primary Servicer is an Additional Servicer or Servicing Function Participant) shall deliver its Officer’s
Certificate required by Section 11.09 of the Pooling and Servicing Agreement to the Master Servicer on or before the fifth
(5th) Business Day preceding March 1st of each year, commencing February 22, 2021. If the Primary Servicer
is an Additional Servicer or Servicing Function Participant, the Primary Servicer shall also deliver such Officer’s Certificate
to the Certificate Administrator, the Trustee, Depositor, the 17g-5 Information Provider, each Other Depositor and each Other Certificate
Administrator (to the extent such item and/or information relates to a party that services, specially services or is trustee or
custodian for a Serviced Companion Loans) within the time provided in Section 11.09, and if the Primary Servicer is not
an Additional Servicer or Servicing Function Participant, such Officer’s Certificate shall be delivered only to the Master
Servicer.

 

The Primary Servicer (without
regard to whether the Primary Servicer is a Servicing Function Participant, a Reporting Servicer or Additional Servicer) shall
deliver the items required under Sections 11.10 and 11.11 of the Pooling and Servicing Agreement regarding itself
(the “report on an assessment of compliance with Relevant Servicing Criteria” and “accountants’ report”)
to the Master Servicer on or before the fifth (5th) Business Day preceding March 1st of each year, commencing
February 22, 2021. If the Primary Servicer is a Servicing Function Participant, a Reporting Servicer or Additional Servicer, the
report on an assessment of compliance with Relevant Servicing Criteria and accountants’ report shall also be delivered to
the Certificate Administrator, the Trustee, Depositor, the 17g-5 Information Provider, each Other Depositor and each Other Certificate
Administrator (to the extent such item and/or information relates to a party that services, specially services or is trustee or
custodian for a Serviced Companion Loans) within the time provided in Sections 11.10 and 11.11 of the Pooling and
Servicing Agreement, and if the Primary Servicer is not an Servicing Function Participant, a Reporting Servicer or Additional Servicer,
the report on an assessment of compliance with Relevant Servicing Criteria and accountants’ report shall be delivered only
to the Master Servicer.

 

Section 11.12 of
the Pooling and Servicing Agreement shall be incorporated herein and apply to the Primary Servicer for so long as the Primary Servicer
is a Servicing Function Participant or an Additional Servicer to the same extent such section applies to the Master Servicer. The
Primary Servicer shall indemnify and hold harmless the Master Servicer, each Certification Party and any director, officer, representative,
agent, member, manager, employee or Affiliate of the Master Servicer or any Certification Party, from and against any expenses,
losses, claims, damages and other liabilities, including without limitation the costs of investigation, legal defense and any amounts
paid in settlement of any claim or litigation arising out of subsections (i)-(iii) in the first paragraph of Section 11.12
of the Pooling and Servicing Agreement. To the extent the Primary Servicer is an Affected Reporting Party, the Primary Servicer
shall comply with the requirements set forth in Section 11.12 and incorporated herein by reference, including, but not limited
to, obtaining the consent of the Depositor, any Other Depositor and the Master Servicer (in each case, which consent shall not
be unreasonably denied, withheld or delayed), to directly communicate with the Commission or its staff and negotiate a response
and/or resolution with the Commission or its staff and copying the Master Servicer on

    	 	 20	 

    	 

    

all material communications with the Commission
or its staff. All reasonable out-of-pocket costs and expenses incurred by the Depositor, any Other Depositor and the Master Servicer
(including reasonable legal fees and expenses of outside counsel to the Depositor, any Other Depositor and the Master Servicer)
in connection with the foregoing and any amendments to any reports filed with the Commission or its staff therewith shall be promptly
paid by the Primary Servicer upon receipt of an itemized invoice from the Depositor, any Other Depositor and/or the Master Servicer,
as applicable.

 

The Primary Servicer shall
reasonably cooperate with the Master Servicer and each other party listed in Section 11.15 of the Pooling and Servicing
Agreement in accordance with Section 11.15 of the Pooling and Servicing Agreement. If any Serviced Companion Loans constitutes
a Serviced Securitized Companion Loan, the Primary Servicer shall provide to the Master Servicer all information, reports, statements
and certificates with respect to the Primary Servicer and such Serviced Companion Loans comparable to any information, reports,
statements or certificates required to be provided by the Master Servicer pursuant to Section 11.15 of the Pooling and Servicing
Agreement, even if the Primary Servicer is not otherwise required to provide such information, reports or certificates to any Person
in order to comply with Regulation AB. Such information, reports or certificates shall be provided to the Master Servicer no later
than five (5) Business Days prior to the date on which the Master Servicer is required to deliver its comparable information, reports,
statements or certificates pursuant to Section 11.15 of the Pooling and Servicing Agreement.

 

If any Mortgaged Property
that secures a Serviced Companion Loans is a “significant obligor” (within the meaning of Item 1101(k) of Regulation
AB), the Primary Servicer shall comply with Section 11.15(h) of the Pooling and Servicing Agreement and shall deliver such information
and reports as provided therein to the Master Servicer at least five (5) Business Days before the Master Servicer must deliver
such items.

 

Subject to other provisions
of this Agreement restricting the right of the Primary Servicer to retain subservicers or subcontractors, the provisions of Article
XI regarding retaining a “Sub-Servicer,” “Subcontractor,” “Additional Servicer” or “Servicing
Function Participant” shall be applicable to any sub-servicer, subcontractor or agent hired by the Primary Servicer to perform
any of its obligations hereunder and the Primary Servicer shall comply with such provisions.

 

The Primary Servicer shall
indemnify and hold harmless each Certification Party from and against any losses, damages, penalties, fines, forfeitures, reasonable
legal fees, claims, fees and expenses and related costs, judgments and other costs and expenses incurred by such Certification
Party arising out of (a) a breach of its obligations to provide any of the annual compliance statements or annual assessment of
compliance with the servicing criteria or attestation reports pursuant to this Agreement, (b) negligence, bad faith or willful
misconduct on its part in the performance of its obligations, (c) any failure by it, as a Servicer (as defined in Section 11.02(b)
of the Pooling and Servicing Agreement) to identify a Servicing Function Participant pursuant to Section 11.02(c) of the
Pooling and Servicing Agreement, or (d) delivery of any Deficient Exchange Act Deliverable.

 

If the indemnification
provided for in this Section 3.01(c)(39) is unavailable or

    	 	 21	 

    	 

    

insufficient to hold harmless any Certification
Party, the Master Servicer, the Depositor or any employee, director or officer of the Depositor, then the Primary Servicer shall
contribute to the amount paid or payable to the indemnified party as a result of the losses, claims, damages or liabilities of
the indemnified party in such proportion as is appropriate to reflect the relative fault of the indemnified party on the one hand
and the Primary Servicer on the other in connection with a breach of the Primary Servicer’s obligations pursuant to this
Section 3.01(c)(39).

 

(40)                    
Sections 12.01(b)(i)-(ii). The Primary Servicer shall provide all reasonable cooperation (with respect to
information regarding the Mortgage Loans in the Primary Servicer’s possession) to enable the Master Servicer to provide the
information required pursuant to Sections 12.01(b)(i)-(ii) of the Pooling and Servicing Agreement.

 

		Section	 3.02                   
Merger or Consolidation of the Primary Servicer.

 

The Primary Servicer shall
keep in full effect its existence, rights and franchises as a national banking association under the laws of the United States
of America. The Primary Servicer shall continue to be authorized to transact business in the state or states in which the Mortgaged
Properties for the Mortgage Loans and the Serviced Companion Loans are situated, if and to the extent required by applicable law,
except where the failure to so comply would not adversely affect the Primary Servicer’s ability to perform its obligations
in accordance with the terms of this Agreement.

 

Any Person into which the
Primary Servicer may be merged or consolidated, or any corporation resulting from any merger, conversion or consolidation to which
the Primary Servicer shall be a party, or any Person succeeding to all or substantially all of the business of the Primary Servicer,
shall be the successor of the Primary Servicer hereunder, without the execution or filing of any paper or any further act on the
part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, however, that the successor or surviving
Person (i) must be a business entity whose business includes the servicing of mortgage loans and shall be authorized to transact
business in the state or states in which the related Mortgaged Properties it is to service are situated to the extent required
by applicable law, (ii) must be an approved servicer of multifamily mortgage loans for FHLMC or FNMA or a HUD-approved servicer,
(iii) must be acceptable to the Master Servicer, which consent may not be unreasonably withheld, and (iv) shall have assumed in
writing the obligations of the Primary Servicer under this Agreement. Notwithstanding the foregoing, the Primary Servicer may not
remain the Primary Servicer under this Agreement after (x) being merged or consolidated with or into any Person that is a Prohibited
Party, or (y) transferring all or substantially all of its assets to any Person if such Person is a Prohibited Party, except to
the extent that (i) the Primary Servicer is the surviving entity of such merger, consolidation or transfer and has been and continues
to be in compliance with its Regulation AB reporting obligations hereunder or under the Pooling and Servicing Agreement or (ii)
the Depositor consents to such merger, consolidation or transfer, which consent shall not be unreasonably withheld.

 

		Section	 3.03                   
Limitation on Liability of the Primary Servicer and Others.

 

Neither the Primary Servicer
nor any of the officers, employees or affiliates, agents of the

    	 	 22	 

    	 

    

Primary Servicer shall be under any liability
to the Master Servicer any action taken, or for refraining from the taking of any action, in good faith pursuant to this Agreement,
or for errors in judgment; provided, however, that this provision shall not protect the Primary Servicer or any such person against
any breach of representations or warranties made herein, or against any liability which would otherwise be imposed by reason of
willful misconduct, bad faith or negligence (or by reason of any specific liability imposed hereunder for a breach of the Servicing
Standard) in the performance of its obligations or duties hereunder, or by reason of negligent disregard of such obligations and
duties. The Primary Servicer and any officer, employee or agent of the Primary Servicer may rely in good faith on any document
of any kind which, prima facie, is properly executed and submitted by any Person respecting any matters arising hereunder. The
Primary Servicer shall not be under any obligation to appear in, prosecute or defend any legal action unless such action relates
to its respective duties under this Agreement and which in its opinion does not expose it to any expense or liability not recoverable
from the Trust Fund; provided, however, the Primary Servicer may, with the consent of the Master Servicer, undertake any such action,
proceeding, hearing or examination that it may deem necessary or desirable in respect to this Agreement and the rights and duties
of the parties hereto. In such event, to the extent that the legal expenses and costs of such action, proceeding, hearing or examination
and any liability resulting therefrom are reimbursable, and are reimbursed to the Master Servicer, by the Trust Fund pursuant to
the Pooling and Servicing Agreement, the Primary Servicer shall be entitled to be reimbursed therefor from the Master Servicer
upon written demand. To the extent provided in Section 6.04 of the Pooling and Servicing Agreement, the Primary Servicer shall
be indemnified and held harmless by the Trust Fund against any loss, liability or expense, incurred in connection with any claim,
loss, penalty, fine, foreclosure, judgment, liability or legal action relating to this Agreement or the Certificates, other than
any loss, liability or expense (including legal fees and expenses) incurred by the Primary Servicer that are specifically required
to be borne by the Primary Servicer without right of reimbursement pursuant to the terms of the Primary Servicing Agreement or
(ii) that are incurred by reason of (A) a breach of any representation or warranty by Primary Servicer or (B) willful misconduct,
bad faith, or negligence of Primary Servicer in the performance of duties under the KeyBank Primary Servicing Agreement or negligent
disregard of obligations and duties under the Primary Servicing Agreement. The Primary Servicer shall not have any rights of indemnification
out of the Trust Fund except through the Master Servicer as described above and, in each case, to the full extent that the Master
Servicer is permitted to indemnification from the Trust Fund under the Pooling and Servicing Agreement.

 

		Section	 3.04                   
Primary Servicer Not to Resign.

 

The Primary Servicer shall
not resign from the obligations and duties hereby imposed on it except by sixty (60) days prior written notice to the Master Servicer,
or upon the determination that its duties hereunder are no longer permissible under applicable law and such incapacity cannot be
cured by the Primary Servicer. Any such determination permitting the resignation of the Primary Servicer shall be evidenced by
an Opinion of Counsel to such effect delivered to the Master Servicer, which Opinion of Counsel shall be in form and substance
acceptable to the Master Servicer.

 

		Section	 3.05                   
No Transfer or Assignment of Servicing.

    	 	 23	 

    	 

    

 

With respect to the responsibility
of the Primary Servicer to service the Mortgage Loans and the Serviced Companion Loans hereunder, the Primary Servicer acknowledges
that the Master Servicer has acted in reliance upon the Primary Servicer’s independent status, the adequacy of its servicing
facilities, plant, personnel, records and procedures, its integrity, reputation and financial standing and the continuance thereof.
Without in any way limiting the generality of this Section 3.05, the Primary Servicer shall not either assign or transfer
this Agreement or the servicing hereunder nor delegate its rights or duties hereunder or any portion thereof (except as allowed
by Section 3.01(c)(27) of this Agreement), or sell or otherwise dispose of all or substantially all of its property or assets,
without the prior written approval of the Master Servicer, which consent will not be unreasonably withheld or delayed. Notwithstanding
the foregoing, prior to any assignment or transfer by the Primary Servicer of this Agreement or the servicing hereunder (the “Primary
Servicing Rights”), the Primary Servicer shall allow the Master Servicer an opportunity to bid on the purchase of such
Primary Servicing Rights. The Primary Servicer may also solicit bids from any other parties independent of the Primary Servicer.
If the Master Servicer offers the highest purchase price for such Primary Servicing Rights, then the Master Servicer shall be provided
the opportunity to purchase such Primary Servicing Rights for such purchase price.

 

		Section	 3.06                   
Indemnification.

 

The Master Servicer and
the Primary Servicer each agrees to and hereby does indemnify and hold harmless the Master Servicer, in the case of the Primary
Servicer, and the Primary Servicer, in the case of the Master Servicer (including any of their partners, directors, officers, employees
or agents) from and against any and all claims, losses, damages, penalties, fines, forfeitures, reasonable legal fees and related
costs, judgments, and any other costs, liabilities, fees and expenses that the Master Servicer, in the case of the Primary Servicer,
and the Primary Servicer, in the case of the Master Servicer, may sustain arising from or as a result of any willful misconduct,
bad faith, fraud or negligence of the Master Servicer or Primary Servicer, as applicable, in the performance of its obligations
and duties under this Agreement or by reason of negligent disregard by the Master Servicer or Primary Servicer, as applicable,
of its duties and obligations hereunder or by reason of breach of any representations or warranties made herein; provided, that
such indemnity shall not cover indirect or consequential damages. Each indemnified party hereunder shall give prompt written notice
to the indemnitor of matters which may give rise to liability of such indemnitor hereunder; provided, however, that failure to
give such notice shall not relieve the indemnitor of any liability except to the extent of actual prejudice. Section 3.06 of this
Agreement shall survive the termination of this Agreement and the termination or resignation of the Master Servicer or the Primary
Servicer.

 

ARTICLE IV

DEFAULT

 

		Section	 4.01                   
Events of Default.

 

In case one or more of
the following events (each, an “Event of Default”) by the Primary

    	 	 24	 

    	 

    

Servicer shall occur and be continuing, that
is to say:

 

(a)                 
any failure by the Primary Servicer to deposit into the Primary Servicer Collection Account, the Primary Servicer
Companion Distribution Account or any Servicing Account, or to deposit into, or to remit to the Master Servicer for deposit into,
the Collection Account or remit to the Serviced Companion Noteholders on the dates and at the times required by this Agreement,
any amount required to be so deposited or remitted under this Agreement; provided, however, that the Primary Servicer will have
one (1) Business Day to remedy a failure to make such a deposit or remittance on the date and at the time required by this Agreement;
or

 

(b)                
any failure on the part of the Primary Servicer to (i) timely provide to the Servicer the certification called for
on Exhibit E attached hereto as required by this Agreement, or (ii) timely provide to the Master Servicer the Collection
Report which failure continues unremedied for one (1) Business Day; or

 

(c)                 
the Primary Servicer shall fail three (3) times within any one (1) year period to timely provide to the Master Servicer
any Collection Report, CREFC® Loan Periodic Update File, CREFC® Schedule AL File, CREFC®
Property File, CREFC® Financial File, CREFC® Comparative Financial Status Report, CREFC®
Loan Level Reserve/LOC Report, CREFC® Delinquent Loan Status Report, CREFC® Servicer Watch List,
CREFC® NOI Adjustment Worksheet, the CREFC® Total Loan Report or CREFC® Operating
Statement Analysis Report within one (1) Business Day following the date on which it is due; or

 

(d)              
any failure by the Primary Servicer duly to observe or perform in any material respect any of its other covenants
or obligations under this Agreement (other than those addressed in another clause of this Section 4.01), which failure continues
unremedied for a period of twenty-five (25) days (or (i) with respect to any year that a report on Form 10-K is required to be
filed, three (3) Business Days in the case of the Primary Servicer’s obligations contemplated by Article XI of the Pooling
and Servicing Agreement (as incorporated or restated in this Agreement) or (ii) 10 days in the case of failure to pay the premium
for any insurance policy required to be force placed by the Primary Servicer pursuant to this Agreement or in any event such reasonable
shorter period of time as is necessary to avoid the commencement of foreclosure proceedings for any lien relating to unpaid real
estate taxes or assessments or a lapse in any required insurance coverage) after written notice of such failure, requiring the
same to be remedied, has been given to the Primary Servicer by the Master Servicer; provided, however, if that failure (other than
a failure that results in the commencement of foreclosure proceedings for any lien relating to unpaid real estate taxes or assessments
or a lapse in any required insurance coverage) is capable of being cured and the Primary Servicer has provided the Master Servicer
with an Officer’s Certificate certifying that it has diligently pursued, and is continuing to diligently pursue, a full cure,
such twenty-five (25) day period shall be extended for an additional thirty (30) days; or

 

(e)              
any breach on the part of the Primary Servicer of any representation or warranty contained in Section 6.01(a)
of the Pooling and Servicing Agreement as incorporated herein, which materially and adversely affects the interests of the Master
Servicer or any Class of Certificateholders or any Serviced Companion Noteholder and which continues unremedied for

    	 	 25	 

    	 

    

a period of thirty (30) days after
the date on which notice of such breach, requiring the same to be remedied, shall have been given to the Primary Servicer by the
Master Servicer; provided, however, if that breach is capable of being cured and the Primary Servicer has provided the Master Servicer
with an Officer’s Certificate certifying that it has diligently pursued, and is continuing to diligently pursue, a full cure,
such thirty (30) day period shall be extended for an additional thirty (30) days; or

 

(f)               
a decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary
case under any present or future federal or state bankruptcy, insolvency or similar law for the appointment of a conservator, receiver,
liquidator, trustee or similar official in any bankruptcy, insolvency, readjustment of debt, marshaling of assets and liabilities
or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against the Primary Servicer
and such decree or order shall have remained in force undischarged, undismissed or unstayed for a period of 60 days; or

 

(g)              
the Primary Servicer shall consent to the appointment of a conservator, receiver, liquidator, trustee or similar
official in any bankruptcy, insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings of or
relating to the Primary Servicer or of or relating to all or substantially all of its property; or

 

(h)              
the Primary Servicer shall admit in writing its inability to pay its debts generally as they become due, file a petition
to take advantage of any applicable bankruptcy, insolvency or reorganization statute, make an assignment for the benefit of its
creditors, voluntarily suspend payment of its obligations or take any corporate action in furtherance of the foregoing; or

 

(i)                
the Primary Servicer shall assign or transfer or attempt to assign or transfer all or part of its rights and obligations
hereunder except as permitted by this Agreement; or

 

(j)             
either DBRS Morningstar or Moody’s (or, in the case of Serviced Pari Passu Companion Loan Securities, any Companion
Loan Rating Agency) has (A) qualified, downgraded or withdrawn its rating or ratings of one or more Classes of Certificates or
Serviced Pari Passu Companion Loan Securities, as applicable, or (B) placed one or more Classes of Certificates, or Serviced Pari
Passu Companion Loan Securities, as applicable, on “watch status” in contemplation of a ratings downgrade or withdrawal
(and such qualification, downgrade, withdrawal or “watch status” placement shall not have been withdrawn by DBRS Morningstar
or Moody’s, as applicable (or, in the case of Serviced Pari Passu Companion Loan Securities, any Companion Loan Rating Agency)
and, in the case of either of clauses (A) or (B), publicly citing servicing concerns with the Primary Servicer as
the sole or a material factor in such rating action; or

(k)              
the Primary Servicer is no longer rated at least “CPS3” by Fitch and the Primary Servicer is not reinstated
to at least that rating within sixty (60) days of the delisting; or

 

(l)                
(1) the Primary Servicer fails to deliver by the due date any Exchange Act reporting items required to be delivered
to the Master Servicer, the Certificate Administrator or the Depositor under the Pooling and Servicing Agreement or under this
Agreement or to the master servicer under any other pooling and servicing agreement that the Depositor is a party to,

    	 	 26	 

    	 

    

or (2) the Primary Servicer
fails to perform in any material respect any of its covenants or obligations contained in this Agreement regarding creating, obtaining
or delivering any Exchange Act reporting items required under this Agreement or for any party to the Pooling and Servicing Agreement
to perform its obligations under Article XI or under the Exchange Act reporting items required under any other pooling and
servicing agreement that the Depositor is a party to.

 

If any Event
of Default shall occur and be continuing, then, and in each and every such case, so long as such Event of Default shall not have
been remedied, the Master Servicer may terminate, by notice in writing to the Primary Servicer, all of the rights and obligations
of the Primary Servicer as Primary Servicer under this Agreement and in and to the Mortgage Loans and the Serviced Companion Loans
and the proceeds thereof. From and after the receipt by the Primary Servicer of such written notice, all authority and power of
the Primary Servicer under this Agreement, whether with respect to the Mortgage Loans, the Serviced Companion Loans or otherwise,
shall pass to and be vested in the Master Servicer pursuant to and under Section 4.01 of this Agreement, and, without limitation,
the Master Servicer is hereby authorized and empowered to execute and deliver, on behalf of and at the expense of the Primary Servicer,
as attorney-in-fact or otherwise, any and all documents and other instruments, and to do or accomplish all other acts or things
necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement
or assignment of the Mortgage Loans, the Serviced Companion Loans and related documents, or otherwise. The Primary Servicer hereby
acknowledges that the Serviced Companion Noteholder shall be entitled to direct the Master Servicer to replace the Primary Servicer
with a successor sub-servicer for the Serviced Whole Loan pursuant to Section 7.01(f) of the Pooling and Servicing Agreement
(the “Successor Sub-Servicer”) following an Event of Default with respect to such Serviced Whole Loan. The Primary
Servicer agrees that if it is terminated pursuant to Section 4.01 of this Agreement, it shall promptly (and in any event
no later than five (5) Business Days subsequent to its receipt of the notice of termination) provide the Master Servicer or the
Successor Sub-Servicer, if applicable, with all documents and records (including, without limitation, those in electronic form)
requested by it to enable it to assume the Primary Servicer’s functions hereunder, and shall cooperate with the Master Servicer
or the Successor Sub-Servicer, if applicable, in effecting the termination of the Primary Servicer’s responsibilities and
rights hereunder and the assumption by a successor of the Primary Servicer’s obligations hereunder, including, without limitation,
the transfer within one (1) Business Day to the Master Servicer or the Successor Sub-Servicer, if applicable, for administration
by it of all cash amounts which shall at the time be or should have been credited by the Primary Servicer to the Primary Servicer
Collection Account, the Primary Servicer Companion Distribution Account, the Collection Account, any Servicing Account, or any
REO Account, or thereafter be received with respect to the Mortgage Loans, the Serviced Companion Loans or any REO Property (provided,
however, that the Primary Servicer shall continue to be entitled to receive all amounts accrued or owing to it under this Agreement
on or prior to the date of such termination, and it and its directors, officers, employees and agents shall continue to be entitled
to the benefits of Section 3.03 of this Agreement notwithstanding any such termination).

 

In addition
to any other rights the Master Servicer may have hereunder, if the Primary Servicer fails to remit to the Master Servicer any amounts
when required to be remitted

    	 	 27	 

    	 

    

hereunder, the Primary Servicer
shall pay to the Master Servicer interest on the amount of such late remittance at the Prime Rate, applied on a per diem basis
for each day such remittance is late (i.e., said per annum rate divided by 365 multiplied by the number of days late); but in no
event shall such interest be greater than the maximum amount permitted by law.

 

		Section	 4.02                   
Waiver of Defaults.

 

The Master Servicer
may waive any default by the Primary Servicer in the performance of its obligations hereunder and its consequences. Upon any such
waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have
been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any
right consequent thereon except to the extent expressly so waived.

 

		Section	 4.03                   
Other Remedies of Master Servicer.

 

During the continuance
of any Event of Default, so long as such Event of Default shall not have been remedied, the Master Servicer, in addition to the
rights specified in Section 4.01 of this Agreement, shall have the right, in its own name, to take all actions now or hereafter
existing at law, in equity or by statute to enforce its rights and remedies (including the institution and prosecution of all judicial,
administrative and other proceedings and the filing of proofs of claim and debt in connection therewith). Except as otherwise expressly
provided in this Agreement, no remedy provided for by this Agreement shall be exclusive of any other remedy, and each and every
remedy shall be cumulative and in addition to any other remedy and no delay or omission to exercise any right or remedy shall impair
any such right or remedy or shall be deemed to be a waiver of any Event of Default.

 

ARTICLE V

TERMINATION

 

		Section	 5.01                   
Termination.

 

Except as otherwise
specifically set forth herein, the rights, obligations and responsibilities of the Primary Servicer shall terminate (without payment
of any penalty or termination fee): (i) upon the later of the final payment or other liquidation (or any advance with respect thereto)
of the last Mortgage Loan and the disposition of all REO Property and the remittance of all funds due hereunder; (ii) by mutual
consent of the Primary Servicer and the Master Servicer in writing; (iii) pursuant to Section 5.02 of this Agreement; (iv)
at the option of any purchaser of one or more Mortgage Loans pursuant to the Pooling and Servicing Agreement, upon such purchase
and only with respect to such purchased Mortgage Loan or Mortgage Loans, subject to the Primary Servicer’s rights to retain
any accrued and unpaid fees and expenses; or (v) upon termination of the Pooling and Servicing Agreement.

 

		Section	 5.02                   
Termination With Cause.

 

    	 	 28	 

    	 

    

The Master Servicer
may, at its sole option, terminate any rights the Primary Servicer may have hereunder with respect to any or all of the Mortgage
Loans or the Serviced Companion Loans, as provided in Section 4.01 of this Agreement upon the occurrence of an Event of
Default. For the avoidance of doubt, the Primary Servicer will no longer perform the obligations of the Master Servicer as Companion
Paying Agent if terminated as the Primary Servicer with respect to the Serviced Whole Loan.

 

Any notice of
termination shall be in writing and delivered to the Primary Servicer as provided in Section 6.05 of this Agreement.

 

Section 5.03                   
Termination of Duties with Respect to Specially Serviced Loans.

 

At such time
as any Mortgage Loan or Serviced Companion Loans becomes a Specially Serviced Loan, the obligations and duties of the Primary Servicer
set forth herein with respect to such Specially Serviced Loan that are required to be performed by the Special Servicer under the
Pooling and Servicing Agreement shall cease in accordance with Section 3.01(c) of this Agreement. The Primary Servicer shall
continue to perform all of its duties hereunder with respect to the Specially Serviced Loans to the extent set forth in Section
3.01 of this Agreement. If a Specially Serviced Loan becomes a Corrected Loan, the Primary Servicer shall commence servicing
such Corrected Loan pursuant to the terms of this Agreement.

 

ARTICLE VI

 

MISCELLANEOUS

 

		Section	 6.01                   
Successor to the Primary Servicer.

 

Contemporaneously with
the termination of the Primary Servicer’s responsibilities and duties under this Agreement pursuant to Section 3.04,
4.01, 5.01 or 5.02 of this Agreement, the Master Servicer shall (i) succeed to and assume all of the Primary
Servicer’s responsibilities, rights, duties and obligations under this Agreement, or (ii) appoint a successor which satisfies
the criteria for a successor Primary Servicer in Section 3.02 of this Agreement and which shall succeed to all rights and
assume all of the responsibilities, duties and liabilities of the Primary Servicer under this Agreement accruing following the
termination of the Primary Servicer’s responsibilities, duties and liabilities under this Agreement.

		Section	6.02                   
Financial Statements.

 

The Primary Servicer shall,
upon the request of the Master Servicer, make available its publicly available financial statements and other records relevant
to the performance of the Primary Servicer’s obligations hereunder.

 

		Section	 6.03                   
Closing.

 

The closing for the commencement
of the Primary Servicer to perform the servicing responsibilities under this Agreement with respect to the Mortgage Loans and the
Serviced Companion Loans shall take place on the Closing Date. At the Master Servicer’s option, the

    	 	 29	 

    	 

    

closing shall be either by telephone, confirmed
by letter or wire as the parties shall agree, or conducted in person, at such place as the parties shall agree.

 

The closing shall be subject to the execution
and delivery of the Pooling and Servicing Agreement by the parties thereto.

 

		Section	 6.04                   
Closing Documents.

 

The Closing Documents shall consist of all of the following
documents:

 

(a)       to be
provided by the Primary Servicer:

 

(1)
this Agreement executed by the Primary Servicer;

 

(2)
an Officer’s Certificate of the Primary Servicer, dated the Closing Date and in the form of Exhibit B hereto,
including all attachments thereto;

 

(3)
Reserved; and

 

(4)
the account certifications in the form of Exhibit F hereto required by Section 3.01(c)(4) and (7) of
this Agreement, fully completed; and

 

(b)       to be provided
by the Master Servicer:

 

(1)
this Agreement executed by the Master Servicer; and

 

(2)
the Mortgage Loan Schedule, with one copy to be attached to each counterpart of this Agreement as Exhibit
A hereto; and

 

(3)
the Pooling and Servicing Agreement substantially in the form of Exhibit C
hereto.

 

 

		Section	 6.05                   
Notices.

 

Except as provided herein,
all demands, notices, consents and communications hereunder shall be in writing and shall be deemed to have been duly given when
delivered to the following addresses:

 

(i)       if to the
Master Servicer:

 

Wells Fargo Bank, National Association Commercial Mortgage
Servicing

Three Wells Fargo

401 S. Tryon Street, 8th Floor

MAC D1050-084

    	 	 30	 

    	 

    

Charlotte, North Carolina 28202

Reference: BBCMS 2020-C7 Asset Manager

 

with a copy to:

 

Wells Fargo Bank, National Association

Legal Department

301 South College St.

D1053-300

Charlotte, North Carolina 28202

Reference: Commercial Mortgage Servicing Legal Support

 

With a copy to:

 

K&L Gates LLP

300 South Tryon St., Suite 1000

Charlotte, North Carolina 28202

Attention: Stacy G. Ackermann

 

(ii)       if to the
Primary Servicer:

 

KeyBank National Association

11501 Outlook Street, Suite 300

Overland Park, Kansas 66211

Attention: Michael A. Tilden

Email: michael_a_tilden@keybank.com

 

with a copy to:

 

Polsinelli

900 West 48th Place, Suite 900

Kansas City, Missouri 64112 Attention: Kraig Kohring

Email: kkohring@keybank.com

 

or such other address as may hereafter be furnished to
the other party by like notice.

 

		Section	 6.06                   
Severability Clause.

 

Any part, provision, representation
or warranty of this Agreement which is prohibited or which is held to be void or unenforceable shall be ineffective to the extent
of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability
in any jurisdiction as to any Mortgage Loan or Serviced Companion Loans shall not invalidate or render unenforceable such provision
in any other jurisdiction. To the extent permitted by applicable law, the parties hereto waive any provision of law which prohibits
or renders void or unenforceable any provision hereof. If the invalidity of any part, provision,

    	 	 31	 

    	 

    

representation or warranty of this Agreement
shall deprive any party of the economic benefit intended to be conferred by this Agreement, the parties shall negotiate, in good
faith, to develop a structure the economic effect of which is nearly as possible the same as the economic effect of this Agreement
without regard to such invalidity.

 

		Section	 6.07                   
Counterparts.

 

This Agreement may be executed
simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original, and all such counterparts shall
constitute one and the same instrument.

 

		Section	 6.08                   
Governing Law.

 

This Agreement
and any claim, controversy or dispute arising under or related to or in connection with this Agreement, the relationship of the
parties, and/or the interpretation and enforcement of the rights and duties of the parties shall be governed by the laws of the
State of New York without regard to any conflicts of law principles other than Section 5-1401 of the New York General Obligations
Law.

 

		Section	 6.09                   
Protection of Privileged Information.

 

If the Primary
Servicer receives Privileged Information from the Master Servicer with a notice stating that such information is Privileged Information,
the Primary Servicer shall not disclose such Privileged Information to any Person without the prior written consent of the Master
Servicer.

 

		Section	 6.10                   
Intention of the Parties.

 

It is the intention
of the parties that the Master Servicer is conveying, and the Primary Servicer is receiving, only a contract for servicing the
Mortgage Loans and the Serviced Companion Loans. Accordingly, the parties hereby acknowledge that the Trustee remains the sole
and absolute beneficial owner of the Mortgage Loans and all rights related thereto and that the Serviced Companion Noteholder remains
the sole and beneficial owner of the Serviced Companion Loans and all rights related thereto.

 

		Section	 6.11                   
Third Party Beneficiary.

 

The Trustee,
for the benefit of the Certificateholders and the Serviced Companion Noteholder, and the Trustee, as holder of the Lower-Tier Regular
Interests, shall be a third party beneficiary under this Agreement, provided that, except to the extent the Trustee or its designee
assumes the obligations of the Master Servicer hereunder as contemplated by Section 6.12 of this Agreement, none of the
Depositor, the Certificate Administrator, the Trustee, the Operating Advisor, the Asset Representations Reviewer, the Trust, the
Special Servicer, or any Certificateholder shall have any duties, liabilities or obligations under this Agreement.

 

		Section	 6.12                   
Successors and Assigns; Assignment of Agreement.

    	 	 32	 

    	 

    

 

This Agreement
shall bind and inure to the benefit of and be enforceable by the Primary Servicer and the Master Servicer and the respective successors
and assigns of the Primary Servicer and the Master Servicer. This Agreement shall not be assigned, pledged or hypothecated by the
Primary Servicer to a third party except as otherwise specifically provided for herein. This Agreement may be assumed by the Trustee
if the Trustee has assumed the duties of the Master Servicer or any successor Master Servicer, without cost or obligation to the
assuming party or the Trust Fund, upon the assumption by such party of the obligations, except to the extent they arose prior to
the date of assumption, of the Master Servicer pursuant to Section 7.02 of the Pooling and Servicing Agreement (it being
understood that any such obligations shall be the obligations of the terminated Master Servicer only).

 

		Section	 6.13                   
Waivers.

 

No term or provision
of this Agreement may be waived or modified unless such waiver or modification is in writing and signed by the party against whom
such waiver or modification is sought to be enforced.

 

		Section	 6.14                   
Exhibits.

 

The exhibits to this Agreement are
hereby incorporated and made a part hereof and are an integral part of this Agreement.

 

		Section	 6.15                   
General Interpretive Principles.

 

The article and section headings
are for convenience of a reference only, and shall not limit or otherwise affect the meaning hereof.

 

		Section	 6.16                   
Complete Agreement.

 

This Agreement
embodies the complete agreement between the parties regarding the subject matter hereof and may not be varied or terminated except
by a written agreement conforming to the provisions of Section 6.18 of this Agreement. All prior negotiations or representations
of the parties are merged into this Agreement and shall have no force or effect unless expressly stated herein.

 

		Section	 6.17                   
Further Agreement.

 

The Primary
Servicer and the Master Servicer each agree to execute and deliver to the other such reasonable and appropriate additional documents,
instruments or agreements as may be necessary or appropriate to effectuate the purposes of this Agreement.

 

		Section	 6.18                   
Amendments.

 

This Agreement
may only be amended with the consent of the Primary Servicer and the Master Servicer. No amendment to the Pooling and Servicing
Agreement that purports to

    	 	 33	 

    	 

    

change the rights or obligations
of the Primary Servicer hereunder or under the Pooling and Servicing Agreement shall be effective against the Primary Servicer
without the express written consent of the Primary Servicer.

 

 

[Remainder of Page Intentionally Left Blank]

    	 	 34	 

    	 

    

IN WITNESS WHEREOF, the
Primary Servicer and the Master Servicer have caused their names to be signed hereto by their respective officers thereunto duly
authorized as of the date first above written.

 

	 	WELLS FARGO BANK, NATIONAL
	 	ASSOCIATION	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Amanda Perkins	 
	 	 	Name: Amanda Perkins	 
	 	 	Titile:   Vice President	 
	 	 	 	 
	 	 	 	 

  

    BBCMS
                                         2020-C7 
 KeyBank Primary Servicing Agreement

     

    

 

 

	 	KEYBANK NATIONAL ASSOCIATION
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Michael A. Tilden	 
	 	 	 	 
	 	Name:	Michael A. Tilden	 
	 	 	 	 
	 	Title:	Vice President	 

 

    BBCMS
                                         2020-C7 
 KeyBank Primary Servicing Agreement

     

    

EXHIBIT A

MORTGAGE LOAN SCHEDULE

 

 

MORTGAGE LOANS

 

	Loan No. / Property No.	Loan Seller	Property Name	Approximate Cut-off Date Balance	Primary Servicing Fee
	4	KeyBank, National Association	Inland Self Storage Michigan Portfolio	$50,000,000	
         

        0.01000%

         

	5	KeyBank, National Association	Weston South Carolina Industrial Portfolio	$49,500,000	
         

        0.01000%

         

	7	KeyBank, National Association	SSTIV Self Storage Portfolio	$40,500,000	
         

        0.01000%

         

	18	KeyBank, National Association	Time Out MHC Portfolio	$15,772,438	
         

        0.01000%

         

	22	KeyBank, National Association	Skyline MHC Portfolio	$11,675,000	
         

        0.01000%

         

	26	KeyBank, National Association	Kemper Pointe	$8,500,000	
         

        0.01000%

         

	27	KeyBank, National Association	Extra Space Storage Phoenix	$7,600,000	
         

        0.01000%

         

	28	KeyBank, National Association	40 & 50 Beaver Street	$7,307,301	
         

        0.01000%

         

	32	KeyBank, National Association	Cape Coral and Dunedin	$5,400,000	
         

        0.01000%

         

	34	KeyBank, National Association	StorQuest Self Storage - Honolulu	$4,540,000	
         

        0.01000%

         

	35	KeyBank, National Association	Cool Creek Village	$4,410,000	
         

        0.01000%

         

	36	KeyBank, National Association	Hogan Self Storage	$4,400,000	
        0.06000%

         

    	 	A-1	 

    	 

    

 

	37	KeyBank, National Association	Laborers Union Building	$4,225,000	
         

        0.01000%

         

	38	KeyBank, National Association	7-Eleven - 351 Bowery	$3,900,000	
         

        0.01000%

         

	39	KeyBank, National Association	StorQuest Self Storage - Apache	$3,680,000	
         

        0.01000%

         

	41	KeyBank, National Association	StorQuest Self Storage - Tucson	$3,175,000	
         

        0.01000%

         

	42	KeyBank, National Association	Combs Mini Storage	$3,086,962	
         

        0.01000%

         

	43	KeyBank, National Association	Brookside MHC	$2,918,701	
         

        0.01000%

         

	44	KeyBank, National Association	StorQuest Self Storage - Phoenix	$2,905,000	
         

        0.01000%

         

	45	KeyBank, National Association	Hermann Oaks MHC	$2,286,000	
         

        0.01000%

         

	46	KeyBank, National Association	Katy Village MHC	$2,010,000	
         

        0.01000%

         

 

 

 

SERVICED COMPANION LOANS

 

	Property Name	Approximate   Cut-off Date Balance	Primary Servicing Fee
	Inland Self Storage Michigan Portfolio	
         

        $16,625,000

         
	
         

        0.01000%

         

	Weston South Carolina Industrial Portfolio	
         

        $19,491,340

         
	
         

        0.01000%

         

 

    	 	 	 

    	 

    

 

EXHIBIT B

PRIMARY SERVICER’S OFFICER’S CERTIFICATE

 

I, ___________________, hereby
certify that I am the duly elected of [Primary Servicer],

a corporation organized under the laws of the
State of (the “Primary Servicer”) and further as follows:

 

(i)               
Attached hereto as Exhibit 1 is a true, correct and complete
copy of the

articles of incorporation of the Primary Servicer which are in full force and effect on the date hereof and which have been in
effect without amendment, waiver, rescission or modification since

 

(ii)             
Attached hereto as Exhibit 2 is a true, correct and complete
copy of the

by-laws of the Primary Servicer which are in effect on the date hereof and which have been in effect without amendment, waiver,
rescission or modification since

 

(iii)           
Attached hereto as Exhibit 3 is an original certificate of good
standing of

the Primary Servicer, issued within ten days of the date hereof, and no event has occurred since the date thereof which would impair
such standing.

 

(iv)           
Either (i) no consent, approval, authorization or order of any court or

governmental agency or body is required for the execution, delivery and performance by the Primary Servicer of or compliance by
the Primary Servicer with the Primary Servicing Agreement or the consummation of the transactions contemplated by the Primary Servicing
Agreement; or (ii) any required consent, approval, authorization or order has been obtained by the Primary Servicer.

 

(v)              
Neither the consummation of the transactions contemplated by, nor the fulfillment of the terms of the Primary Servicing
Agreement, conflicts or will conflict with or results or will result in a breach of or constitutes or will constitute a default
under the charter or by-laws of the Primary Servicer, the terms of any indenture or other agreement or instrument to which the
Primary Servicer is a party or by which it is bound or to which it is subject, or any statute or order, rule, regulation, writ,
injunction or decree of any court, governmental authority or regulatory body to which the Primary Servicer is subject or by which
it is bound.

 

(vi)            
There is no action, suit, proceeding or investigation pending or to the best of my knowledge threatened against the
Primary Servicer which, in our judgment, either in any one instance or in the aggregate, may result in any material adverse change
in the business, operations, financial conditions, properties or assets of the Primary Servicer or in any material impairment of
the right or ability of the Primary Servicer to carry on its business substantially as now conducted or in any material liability
on the part of the Primary Servicer or which would draw into question the validity of the Primary Servicing Agreement or of any
action taken or to be taken in connection with the transactions contemplated hereby, or which would be likely to impair materially
the ability of the Primary Servicer to perform under the terms of the Primary Servicing Agreement.

    	 	B-1	 

    	 

    

 

(viii)       
Each person listed on Exhibit 5 attached hereto who, as an officer
or representative of the Primary Servicer, signed the Primary Servicing Agreement and any other document delivered prior hereto
or on the date hereof in connection with the Primary Servicing Agreement, was, at the respective times of such signing and delivery,
and is now, a duly elected or appointed, qualified and acting officer or representative of the Primary Servicer, who holds the
office set forth opposite his or her name on Exhibit 5 and the signatures
of such persons appearing on such documents are their genuine signatures.

 

(ix)           
The Primary Servicer is duly authorized to engage in the transactions described and contemplated in the Primary Servicing
Agreement.

    	 	B-2	 

    	 

    

IN WITNESS WHEREOF, I have
hereunto signed my name and affixed the seal of the Primary Servicer.

 

	Dated:	 	 	By:	 	 
	 	 	 	Name:	 	 
	[Seal]	 	Title:	[Vice] President	 
	 	 	 	 	 	 
	 	 	 	 	 	 

 

 

I, ____________________, an [Assistant] Secretary
of [Primary Servicer], hereby certify

that___________________________ is the
duly elected, qualified and acting [Vice] President of

the Primary Servicer and that the signature appearing above is [her]
[his] genuine signature.

 

IN WITNESS WHEREOF, I have hereunto signed my name.

 

	Dated:	 	 	By:	 	 
	 	 	 	Name:	 	 
	[Seal]	 	Title:	[Vice] President	 
	 	 	 	 	 	 
	 	 	 	 	 	 

    	 	B-3	 

    	 

    

EXHIBIT 5 

 

To

 

Primary Servicer’s Officer’s Certificate

 

	Name	Title	Signature
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

    	 	B-4	 

    	 

    

EXHIBIT C

 

POOLING AND SERVICING AGREEMENT

Previously delivered.

    	 	C-1	 

    	 

    

 

EXHIBIT D

 

RESERVED

 

 

    	 	D-1	 

    	 

    

 

EXHIBIT E

 

QUARTERLY SERVICING CERTIFICATION

 

Primary Servicer:

 

RE: BBCMS 2020-C7

 

Pursuant to the Servicing Agreement(s) between
Wells Fargo Bank, National Association and [Primary Servicer], we certify with respect to each mortgage loan and companion loan
serviced by us for Wells Fargo Bank, National Association that, as of the quarter ending, except as otherwise noted below:

 

All taxes, assessments and other governmental
charges levied against the mortgaged premises, ground rents payable with respect to the mortgaged premises, if any, which would
be delinquent if not paid, have been paid.

 

Based on [Primary Servicer’s] monitoring
of the insurance in accordance with the Servicing Standard, all required insurance policies are in full force and effect on the
mortgaged premises in the form and amount and with the coverage required by the Servicing Agreement(s).

 

All necessary action has been taken to continue
all UCC Financing Statements in favor of the originator of each mortgage loan and companion loan or in favor of any assignee prior
to the expiration of such UCC Financing Statements.

 

All reserves are maintained and disbursed in
accordance with the loan documents and no obligation for which a reserve is held has not been completed within the time required
by the applicable document.

 

EXCEPTIONS:

 

 

 

 

	Servicing Officer 	 	Date	 

 

    	 	E-1	 

    	 

    

 

EXHIBIT F 

 

FORM OF ACCOUNT CERTIFICATION

 

Securitization:____________________________________________________________

 

Primary Servicer: _________________________________________________________

 

______ New Account________
Change of Account Information

Indicate purpose of account (check
all that apply):

 

______ Principal & Interest ______ Deposit Clearing

______ Taxes & Insurance ______ Disbursement
Clearing

______ Reserves (non-interest bearing) ______ Suspense

______ Reserves (interest bearing)

 

Account Number: _________________________________________________________

 

Account Name: ___________________________________________________________

 

Depository Institution (and Branch):

 

Name: ____________________________________________________________

 

Street: ____________________________________________________________

 

City, State, Zip: _____________________________________________________

 

Rating Agency: ______________________Rating: _______________________

Please note that the name of the account must follow the
guideline specifications detailed in the applicable agreement.

 

Prepared by: _____________________________________________________________

 

Signature: _______________________________________________________________

 

Title: ___________________________________________________________________

 

Date: ___________________________________________________________________

 

Telephone: ________________________________Fax: _________________________

 

    	 	F-1	 

    	 

    

EXHIBIT G 

FORM OF

COLLECTION REPORT

 

Series _____

Month of __________________

 

    	 	G-1	 

    	 

    

EXHIBIT H

 

FORM OF CERTIFICATE OF INSURANCE

 

Primary Servicer:_______________________________________

 

Re: BBCMS 2020-C7

 

Pursuant to the Primary Servicing Agreement(s)
between Wells Fargo Bank, National Association and [Primary Servicer], based on [Primary Servicer’s] monitoring of the insurance
in accordance with the Servicing Standard, we certify with respect to each Mortgage Loan and Serviced Companion Loans serviced
by us for Wells Fargo Bank, National Association that all required insurance policies are in full force and effect on the mortgaged
premises in the form and amount and with the coverage required by the Servicing Agreement(s).

 

 

	Servicing Officer	 	 	Date

 

    	 	H-1	 

    	 

    

 

EXHIBIT I

 

NEW LEASE INFORMATION

 

Loan #____________________Property Type:_______________
Tenant:__________________

Property Name/Address:___________________________________________________________

Term (Years, Months):_______ Sq Ft Gross Rentable:_________
Net Rentable______________

Begin Lease Date: ______________________________________Retail

End Lease Date: _______________________________________Office

Occupancy Date (if diff): ________________________________Other

Minimum Rent____________________________ (S/SF/YR)

	 		
         

        (Mo/Yr)Escalation: CPI Other

	Change to	on	 
	Change
to
	on	 
	Change to	on	 
	Change to	on	 
	
         

        Percentage Rent

         

        % Amount
	For	% Rent Due:	 
	 	For	 	Monthly
	 	Up to	 	Quarterly
	 	Up to	 	Annually
	Breakpoint	(S/Yr)	Sales Report Due:	 
	 	 	
         

        (Mo/Yr)
	 
	Change to	on	 	Monthly
	Change to	on	 	Quarterly
	Change to	on	 	Annually
	Recoveries	 	 	 
	Taxes	 	Per	 
	Insurance	 	Per	 
	Cam	 	Per	 
	HVAC	 	Per	 
	Adver/Promo	 	Per	 
	 	 	Per	 
	 	 	Per	 
	Management	 	Per	 

    	 	I-1	 

    	 

    

Renewal Options

 

Term_______________________ SF_____________________

Minimum rent________________ Gross Rentable___________

% Rent_____________________ Net Rentable_____________

 

Landlord Costs

Alterations:________________________________________________________

Commissions:______________________________________________________

Moving Allowances:_________________________________________________

Buyout Clauses:_____________________________________________________

Other:_____________________________________________________________

 

Building Insurance Requirements

Tenant maintains fire & ED on building(s); will
need coverage to renew Does not furnish building coverage

General liability naming landlord mortgagee as additional
insured; will need coverage for review

General liability without
mentioning landlord’s mortgagee; do not need coverage

 

Waiver of Subrogation

N/A

Mutual; will need endorsement

Landlord only; will need endorsement

Tenant only; do not need endorsement

 

Comments:

 

 

 

 

 

 

 

Attachments:

Original Lease

Original Subordination Agreement

    	 	I-2	 

    	 

    

EXHIBIT J 

 

MONTHLY SERVICING ACCOUNTS CERTIFICATION

 

Primary Servicer:_______________________________________

 

Re: BBCMS 2020-C7

 

Pursuant to the Servicing Agreement(s)
between Wells Fargo Bank, National Association and the above named Servicer, I certify with respect to each transaction serviced
by us, as noted above, for Wells Fargo Bank, National Association that as of (Determination Date) all collection accounts and servicing
accounts have been properly reconciled and the reconciliations have been reviewed and approved by Servicer’s management,
except as otherwise noted below:

 

	EXCEPTIONS:	 
	 
	 

 

 

	Servicing Officer	 	 	Date

 

    	 	J-1

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