Document:

Exhibit 4.7

 

 

EXECUTION VERSION 

 

 

AGREEMENT BETWEEN NOTE HOLDERS

 

Dated as of February 28, 2018

by and between

 

CITI REAL ESTATE FUNDING INC.

(Initial Note A-1-1 Holder)

 

and

 

CITI REAL ESTATE FUNDING INC.

(Initial Note A-1-2 Holder)

 

and

 

CITI REAL ESTATE FUNDING INC.

(Initial Note A-1-3 Holder)

 

and

 

CANTOR COMMERCIAL REAL ESTATE LENDING, L.P.

(Initial Note A-1-4 Holder)

 

and

 

BARCLAYS BANK PLC

(Initial Note A-2-1 Holder)

 

and

 

BARCLAYS BANK PLC

(Initial Note A-2-2 Holder)

 

SoCal Portfolio

 

     

    

     

TABLE OF CONTENTS

 

 

	 	 	Page
	 	 	 
	Section 1.	Definitions.	2
	Section 2.	Servicing of the Mortgage Loan.	18
	Section 3.	Priority of Payments.	25
	Section 4.	Workout.	26
	Section 5.	Administration of the Mortgage Loan.	26
	Section 6.	Note Holder Representatives.	31
	Section 7.	Appointment of Special Servicer.	33
	Section 8.	Payment Procedure.	34
	Section 9.	Limitation on Liability of the Note Holders.	35
	Section 10.	Bankruptcy.	36
	Section 11.	Representations of the Note Holders.	36
	Section 12.	No Creation of a Partnership or Exclusive Purchase Right.	37
	Section 13.	Other Business Activities of the Note Holders.	37
	Section 14.	Sale of the Notes.	37
	Section 15.	Registration of the Notes and Each Note Holder.	40
	Section 16.	Governing Law; Waiver of Jury Trial.	41
	Section 17.	Submission To Jurisdiction; Waivers.	41
	Section 18.	Modifications.	41
	Section 19.	Successors and Assigns; Third Party Beneficiaries.	42
	Section 20.	Counterparts.	42
	Section 21.	Captions.	42
	Section 22.	Severability.	42
	Section 23.	Entire Agreement.	42
	Section 24.	Withholding Taxes.	42
	Section 25.	Custody of Mortgage Loan Documents.	44
	Section 26.	Cooperation in Securitization.	44
	Section 27.	Notices.	45
	Section 28.	Broker.	45
	Section 29.	Certain Matters Affecting the Agent.	45
	Section 30.	Reserved.	46
	Section 31.	Resignation of Agent.	46
	Section 32.	Resizing.	46

 

 

    -i- 

    

     

This AGREEMENT BETWEEN NOTE
HOLDERS (this “Agreement”), dated as of February 28, 2018 by and between CITI REAL ESTATE FUNDING INC. (“Citi”
and, together with its successors and assigns in interest, in its capacity as initial owner of Note A-1 described below, the “Initial
Note A-1-1 Holder” and, in its capacity as the initial agent, the “Initial Agent”), CITI (together with
its successors and assigns in interest, in its capacity as initial owner of Note A-1-2 described below, the “Initial Note A-1-2
Holder”), CITI (together with its successors and assigns in interest, in its capacity as initial owner of Note A-1-3
described below, the “Initial Note A-1-3 Holder”), CANTOR COMMERCIAL REAL ESTATE LENDING, L.P. (“CCRE”
and, together with its successors and assigns in interest, in its capacity as initial owner of Note A-1-4 described below, the
“Initial Note A-1-4 Holder”), BARCLAYS BANK PLC (“Barclays” and, together with its successors
and assigns in interest, in its capacity as initial owner of Note A-2-1 described below, the “Initial Note A-2-1
Holder”) and BARCLAYS (together with its successors and assigns in interest, in its capacity as initial owner of Note
A-2-2 described below, the “Initial Note A-2-2 Holder”; the Initial Note A-1-1 Holder, the Initial Note
A-1-2 Holder, the Initial Note A-1-3 Holder, the Initial Note A-1-4 Holder, the Initial Note A-2-1 Holder and the Initial Note
A-2-2 Holder are referred to collectively herein as the “Initial Note Holders”).

 

W I T N E S S E T H:

 

WHEREAS, pursuant to the
Mortgage Loan Agreement (as defined herein), Citi and Barclays originated a certain loan (the “Mortgage Loan”)
described on the schedule attached hereto as Exhibit A (the “Mortgage Loan Schedule”) to the mortgage loan borrower
described on the Mortgage Loan Schedule (the “Mortgage Loan Borrower”), which is evidenced, inter alia,
by (i) a promissory note in favor of Citi in the original principal amount of $137,580,000 (as amended, modified, consolidated,
or supplemented, “Original Note A-1”) and (ii) a promissory note in favor of Barclays in the original principal
amount of $91,720,000 (as amended, modified, consolidated, or supplemented, “Original Note A-2” and, together
with Original Note A-1, the “Original Notes”);

 

WHEREAS, Citi, Barclays and
the Borrower have agreed, pursuant to that certain First Amendment to Loan Agreement and Note Splitter and Modification Agreement
dated as of February 6, 2018 between such parties, to (A) split Original Note A-1 into four promissory notes and the Borrower has
executed and delivered to Citi (i) one promissory note in the original principal amount of $50,000,000 (“Note A-1-1”)
made by the Borrower in favor of the Initial Note A-1-1 Holder, (ii) one promissory note in the original principal amount of $35,000,000
(“Note A-1-2”) made by the Borrower in favor of the Initial Note A-1-2 Holder, (iii) one promissory note in
the original principal amount of $15,000,000 (“Note A-1-3”) made by the Borrower in favor of the Initial Note
A-1-3 Holder and (iv) one promissory note in the original principal amount of $37,580,000 (“Note A-1-4”) made
by the Borrower in favor of the Initial Note A-1-4 Holder and (B) split Original Note A-2 into two promissory notes and the Borrower
has executed and delivered to Barclays (i) one promissory note in the original principal amount of $45,000,000 (“Note
A-2-1”) made by the Borrower in favor of the Initial Note A-2-1 Holder, and (ii) one promissory note in the original
principal amount of $46,720,000 (“Note A-2-2” and, together with Note A-1-1, Note A-1-2, Note A-1-3, Note A-1-4
and Note A-2-1, the “Notes”) made by the Borrower in favor of the Initial Note A-2-2 Holder;

 

 

     

    

     

WHEREAS, CREFI sold Note
A-1-4 to CCRE;

 

WHEREAS, each of the Notes
is secured by a first mortgage (as amended, modified or supplemented, the “Mortgage”) on certain real property
located as described on the Mortgage Loan Schedule (the “Mortgaged Property”);

 

WHEREAS, each Initial Note
Holder desires to enter into this Agreement to memorialize the terms under which they, and their successors and assigns, shall
hold the Notes;

 

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

 

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

 

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

 

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

 

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

 

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

 

“Agent Office”
shall mean the designated office of the Agent, which office, as of the date of this Agreement, is the office of the Initial Note
A-1-1 Holder listed on Exhibit B hereto, and which is the address to which notices to and correspondence with the Agent
should be directed. The Agent may change the address of its designated office by notice to the Note Holders.

 

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

 

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

 

“Asset Representations
Reviewer” shall mean the asset representations reviewer appointed as provided in the Lead Securitization Servicing Agreement.

 

 

     -2-

    

     

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

 

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

 

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

 

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

 

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

 

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

 

“Certificate”
shall mean any certificate issued pursuant to a Securitization.

 

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

 

“Certificateholder”
shall mean any holder of a Certificate issued pursuant to a Securitization, to the extent provided under the terms of the related
Securitization Servicing Agreement.

 

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

 

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

 

“Commission”
shall mean the Securities and Exchange Commission.

 

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

 

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

 

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

 

“Control”
shall mean the ownership, directly or indirectly, in the aggregate of more than fifty percent (50%) of the beneficial ownership
interests of an entity and the

 

 

     -3-

    

     

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

 

“Controlling Note”
shall mean Note A-1-1.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Initial Note A-1-2
Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

 

“Initial Note A-1-3
Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

 

 

     -4-

    

     

“Initial Note A-1-4
Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

 

“Initial Note A-2-1
Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

 

     -5-

    

     

“Lead Securitization”
shall mean:

 

(i) during the
period from and after the Securitization of any Note other than Note A-1-1 and prior to the Note A-1-1 Securitization, the Securitization
with the earliest Securitization Date; provided that, prior to the Securitization of Note A-1-1, if two or more Notes other
than Note A-1-1 have both the earliest Securitization Date and the same Securitization Date but are included in different Securitizations,
then the Securitization including the Note(s) with the larger (aggregate) Note Principal Balance shall be the Lead Securitization;
and

 

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

 

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

 

“Lead Securitization
Directing Certificateholder” shall mean the “Directing Certificateholder” as defined in the Lead Securitization
Servicing Agreement.

 

“Lead Securitization
Note” shall mean a Note held by the Lead Securitization.

 

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

 

“Lead Securitization
Servicing Agreement” shall mean the PSA executed and delivered in connection with the Lead Securitization; provided,
that during any period that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement,
the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section
2(a).

 

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

 

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

 

“Master Servicer”
shall mean the applicable master servicer with respect to the Mortgage Loan appointed as provided in the Lead Securitization Servicing
Agreement.

 

“Model PSA”
shall mean that certain pooling and servicing agreement, dated as of October 1, 2017, relating to the Citigroup Commercial Mortgage
Trust 2017-C4, Commercial Mortgage Pass-Through Certificates, Series 2017-C4.

 

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

 

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

 

 

     -6-

    

     

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

 

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

 

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

 

“Mortgage Loan Agreement”
shall mean the Loan Agreement, dated as of February 6, 2018, between Citi and Barclays, collectively, as lender, and the Mortgage
Loan Borrower, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the
terms hereof.

 

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

 

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

 

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

 

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

 

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

 

“New Notes”
shall have the meaning assigned to such term in Section 32.

 

“Non-Controlling
Note” means any Note (other than the Controlling Note), including any New Note designated as a “Non-Controlling
Note” hereunder pursuant to Section 32.

 

“Non-Controlling
Note Holder” means any holder of a Non-Controlling Note; provided that at any time such holder’s respective
Note is included in a Securitization, references to such “Non-Controlling Note Holder” herein shall mean the “Directing
Certificateholder” or any other party assigned the rights to exercise the rights of such “Non-Controlling Note Holder”
hereunder, as and to the extent provided in the related Securitization Servicing Agreement and as to the identity of which the
Lead Securitization Note Holder (and the Master Servicer and the Special Servicer) has been given written notice; provided
that for so long as 50% or more of any Non-Controlling Note is held by (or the majority “controlling class” holder
or other party assigned the rights to exercise the rights of such “Non-Controlling Note Holder” (as described above)
is) the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, such Non-Controlling Note (and the majority “controlling
class” holder or other party assigned the rights to exercise the rights of such “Non-Controlling Note Holder”
as described above) shall not be entitled to exercise any rights of such Non-Controlling Note Holder, and there shall be deemed
to be no Non-Controlling Note Holder hereunder with respect to such Non-Controlling

 

 

     -7-

    

     

Note. The Lead Securitization
Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall not be required at any time to deal with
more than one party in respect of any Note that is exercising the rights of a “Non-Controlling Note Holder” herein
or under the Lead Securitization Servicing Agreement and (x) to the extent that the related Securitization Servicing Agreement
assigns such rights to more than one party or (y) to the extent any Note is split into two or more New Notes pursuant to Section
32, for purposes of this Agreement, the applicable Securitization Servicing Agreement or the holders of such New Notes shall
designate one party to deal with the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on
its behalf) and provide written notice of such designation to the Lead Securitization Note Holder (and the Master Servicer and
the Special Servicer acting on its behalf); provided that, in the absence of such designation and notice, the Lead Securitization
Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall be entitled to treat the last party as
to which it has received written notice as having been designated as a Non-Controlling Note Holder, as a Non-Controlling Note Holder
under this Agreement. If the Non-Controlling Note is included in a Securitization, the related Securitization Servicing Agreement
may contain additional limitations on the rights of the designated party entitled to exercise the rights of the “Non-Controlling
Note Holder” hereunder if such designated party is the Mortgage Loan Borrower or if it has certain relationships with the
Mortgage Loan Borrower.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

 

     -8-

    

     

“Non-Lead Securitization
Servicing Agreement” shall mean any PSA that is not the Lead Securitization Servicing Agreement.

 

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

 

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

 

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

 

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

 

“Note A-1-1 Holder”
shall mean the Initial Note A-1-1 Holder or any subsequent holder of Note A-1-1, as applicable.

 

“Note A-1-1
Master Servicer” shall mean the applicable master servicer with respect to the Mortgage Loan under the Note A-1-1
PSA.

 

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

 

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

 

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

 

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

 

“Note A-1-1
Special Servicer” shall mean the applicable special servicer with respect to the Mortgage Loan under the Note A-1-1
PSA.

 

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

 

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

 

“Note A-1-2 Holder”
shall mean the Initial Note A-1-2 Holder or any subsequent holder of Note A-1-2, as applicable.

 

“Note A-1-2
Master Servicer” shall mean the applicable master servicer with respect to the Mortgage Loan under the Note A-1-2
PSA.

 

 

     -9-

    

     

“Note A-1-2 Principal
Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the “Note A-1-2 Principal
Balance” set forth on the Mortgage Loan Schedule, less any payments of principal on Note A-1-2 received by the Note A-1-2
Holder or reductions in the principal balance thereof pursuant to Section 3 or 4, as applicable.

 

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

 

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

 

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

 

“Note A-1-2
Special Servicer” shall mean the applicable special servicer with respect to the Mortgage Loan under the Note A-1-2
PSA.

 

“Note A-1-2
Trustee” shall mean the trustee under the Note A-1-2 PSA.

 

“Note A-1-3”
shall have the meaning assigned to such term in the recitals.

 

“Note A-1-3 Holder”
shall mean the Initial Note A-1-3 Holder or any subsequent holder of Note A-1-3, as applicable.

 

“Note A-1-3
Master Servicer” shall mean the applicable master servicer with respect to the Mortgage Loan under the Note A-1-3
PSA.

 

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

 

“Note A-1-3
PSA” shall mean the pooling and servicing agreement entered into in connection with the Note A-1-3 Securitization.

 

“Note A-1-3
Securitization” shall mean the first sale by the Note A-1-3 Holder of all or a portion of Note A-1-3 to a depositor
who will in turn include such portion of Note A-1-3 as part of the securitization of one or more mortgage loans.

 

“Note A-1-3
Securitization Date” shall mean the closing date of the Note A-1-3 Securitization.

 

“Note A-1-3
Special Servicer” shall mean the applicable special servicer with respect to the Mortgage Loan under the Note A-1-3
PSA.

 

“Note A-1-3
Trustee” shall mean the trustee under the Note A-1-3 PSA.

 

 

     -10-

    

     

“Note A-1-4”
shall have the meaning assigned to such term in the recitals.

 

“Note A-1-4 Holder”
shall mean the Initial Note A-1-4 Holder or any subsequent holder of Note A-1-4, as applicable.

 

“Note A-1-4
Master Servicer” shall mean the applicable master servicer with respect to the Mortgage Loan under the Note A-1-4
PSA.

 

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

 

“Note A-1-4
PSA” shall mean the pooling and servicing agreement entered into in connection with the Note A-1-4 Securitization.

 

“Note A-1-4
Securitization” shall mean the first sale by the Note A-1-4 Holder of all or a portion of Note A-1-4 to a depositor
who will in turn include such portion of Note A-1-4 as part of the securitization of one or more mortgage loans.

 

“Note A-1-4
Securitization Date” shall mean the closing date of the Note A-1-4 Securitization.

 

“Note A-1-4
Special Servicer” shall mean the applicable special servicer with respect to the Mortgage Loan under the Note A-1-4
PSA.

 

“Note A-1-4
Trustee” shall mean the trustee under the Note A-1-4 PSA.

 

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

 

“Note A-2-1 Holder”
shall mean the Initial Note A-2-1 Holder or any subsequent holder of Note A-2-1, as applicable.

 

“Note A-2-1
Master Servicer” shall mean the applicable master servicer with respect to the Mortgage Loan under the Note A-2-1
PSA.

 

“Note A-2-1 Principal
Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the “Note A-2-1 Principal
Balance” set forth on the Mortgage Loan Schedule, less any payments of principal on Note A-2-1 received by the Note A-2-1
Holder or reductions in the principal balance thereof pursuant to Section 3 or 4, as applicable.

 

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

 

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

 

 

     -11-

    

     

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

 

“Note A-2-1
Special Servicer” shall mean the applicable special servicer with respect to the Mortgage Loan under the Note A-2-1
PSA.

 

“Note A-2-1
Trustee” shall mean the trustee under the Note A-2-1 PSA.

 

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

 

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

 

“Note A-2-2
Master Servicer” shall mean the applicable master servicer with respect to the Mortgage Loan under the Note A-2-2
PSA.

 

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

 

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

 

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

 

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

 

“Note A-2-2
Special Servicer” shall mean the applicable special servicer with respect to the Mortgage Loan under the Note A-2-2
PSA.

 

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

 

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

 

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

 

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

 

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

 

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

 

 

     -12-

    

     

“Operating Advisor”
shall mean the operating advisor appointed as provided in the Lead Securitization Servicing Agreement.

 

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

 

“Percentage Interest”
shall mean, with respect to any Note Holder, a fraction, expressed as a percentage, the numerator of which is the principal balance
of the related Note and the denominator of which is the principal balance of the Mortgage Loan.

 

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

 

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

 

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

 

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

 

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

 

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

 

(b)          one
or more of the following:

 

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

 

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

 

 

     -13-

    

     

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

 

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

 

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

 

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

 

in the case of any entity referred to in clause (b)(i),
(ii), (iii), (iv)(B) or (v) of this definition, (x) such entity has at least $200,000,000 in capital/statutory
surplus or shareholders’ equity (except with respect to a pension advisory firm or similar fiduciary) and at least $600,000,000
in total assets (in name or under management), and (y) is regularly engaged in the business of making or owning commercial
real estate loans (or interests therein) similar to the Mortgage

 

 

     -14-

    

     

Loan (or mezzanine loans with respect thereto)
or owning or operating commercial real estate properties; provided that, in the case of the entity described in clause (iv)(B)
above, the requirements of this clause (y) may be satisfied by a general partner, managing member, or the fund manager
responsible for the day-to-day management and operation of such entity; or

 

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

 

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

 

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

 

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

 

“Rating Agency Confirmation”
shall mean, with respect to any Securitization, a confirmation in writing (which may be in electronic form) by each of the applicable
Rating Agencies for such Securitization that the occurrence of the event with respect to which such Rating Agency Confirmation
is sought shall not result in a downgrade, qualification or withdrawal of the applicable rating or ratings ascribed by such Rating
Agency to any of the securities issued pursuant to such Securitization that are then outstanding. If no such securities are outstanding
with respect to any Securitization, any action that would otherwise require a Rating Agency Confirmation shall instead require
the consent of the Controlling Note Holder, which consent shall not be unreasonably withheld or delayed. For the purposes of this
Agreement, if any Rating Agency shall waive, decline or refuse to review or otherwise engage

 

 

     -15-

    

     

any request for Rating Agency
Confirmation hereunder, such waiver, declination, or refusal shall be deemed to eliminate, for such request only, the condition
that a Rating Agency Confirmation by such Rating Agency (only) be obtained for purposes of this Agreement, and any requirement
hereunder to obtain a Rating Agency Confirmation from any Rating Agency may be satisfied or deemed in the same manner that a Rating
Agency Confirmation requirement may be satisfied or deemed satisfied under the Lead Securitization Servicing Agreement. For purposes
of clarity, any such waiver, declination or refusal to review or otherwise engage in any request for a Rating Agency Confirmation
hereunder shall not be deemed a waiver, declination or refusal to review or otherwise engage in any subsequent request for a Rating
Agency Confirmation hereunder and the condition for Rating Agency Confirmation pursuant to this Agreement for any subsequent request
shall apply regardless of any previous waiver, declination or refusal to review or otherwise engage in such prior request.

 

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

 

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

 

“REMIC”
shall have the meaning assigned to such term in Section 5(d).

 

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

 

 

     -16-

    

     

period prior to the date of
determination and DBRS has not downgraded or withdrawn the then-current rating on any class of commercial mortgage securities or
placed any class of commercial mortgage securities on watch citing the continuation of such special servicer as special servicer
of such commercial mortgage securities as a material reason for such downgrade or withdrawal (or placement on watch status).

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Servicing Standard”
shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement. The Servicing
Standard in the Lead Securitization Servicing Agreement shall require, among other things, that each Servicer, in servicing the
Mortgage Loan, must take into account the interests of each Note Holder.

 

 

     -17-

    

     

“Special Servicer”
shall mean the applicable special servicer with respect to the Mortgage Loan appointed as provided in the Lead Securitization Servicing
Agreement.

 

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

 

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

 

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

 

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

 

Section 2.          
Servicing of the Mortgage Loan.

 

(a)        Each
Note Holder acknowledges and agrees that, subject in each case to this Agreement, the Mortgage Loan shall be serviced from and
after the Lead Securitization Date by the Master Servicer and the Special Servicer pursuant to the terms of this Agreement and
the Lead Securitization Servicing Agreement; provided that the Master Servicer shall not be obligated to advance monthly
payments of principal or interest in respect of any Note other than the Lead Securitization Note if such principal or interest
is not paid by the Mortgage Loan Borrower but shall be obligated to advance delinquent real estate taxes, insurance premiums and
other expenses related to the maintenance of the Mortgaged Property and maintenance and enforcement of the lien of the Mortgage
thereon, subject to the terms of the Lead Securitization Servicing Agreement; provided, further, that, when appointed,
the Special Servicer has the required Special Servicer Rating from each Rating Agency then rating a Securitization. Each Note Holder
acknowledges that any other Note Holder may elect, in its sole discretion, to include its Note in a Securitization and agrees that
it will, subject to Section 26, reasonably cooperate with such other Note Holder, at such other Note Holder’s
expense, to effect such Securitization. Subject to the terms and conditions of this Agreement, each Note Holder hereby irrevocably
and unconditionally consents to the appointment of the Master Servicer and the Trustee under the Lead Securitization Servicing
Agreement by the Depositor and the appointment of the Special Servicer by the Controlling Note Holder and agrees to reasonably
cooperate with the Master Servicer and the Special Servicer with respect to the servicing of the Mortgage Loan in accordance with
the Lead Securitization Servicing Agreement. Each Note Holder hereby appoints the Master Servicer, the Special Servicer and the
Trustee in the Lead Securitization as such Note Holder’s attorney-in-fact to sign any documents reasonably required with
respect to the administration and servicing of the Mortgage Loan on its behalf

 

 

     -18-

    

     

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

 

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

 

(b)        The
Master Servicer shall be the lead master servicer on the Mortgage Loan, and from time to time it (or the Trustee or the Special
Servicer, to the extent provided in the Lead Securitization Servicing Agreement) shall make the following advances, subject to
the terms of the Lead Securitization Servicing Agreement and this Agreement: (i) Servicing Advances on the Mortgage Loan and (ii)
P&I Advances on the Lead Securitization Note. The Master Servicer, the Special Servicer and the Trustee, as applicable, shall
be entitled to reimbursement for a Servicing Advance, first from funds on deposit in the Collection Account

 

 

     -19-

    

     

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

 

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

 

 

     -20-

    

     

Servicer, the Special
Servicer or the Trustee, reimburse each of the applicable Indemnified Parties for its pro rata share of the insufficiency.

 

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

 

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

 

 

     -21-

    

     

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

 

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

 

(iii)          the
related Non-Lead Master Servicer, Non-Lead Certificate Administrator or Non-Lead Trustee will be required to deliver to the Trustee,
the Certificate Administrator, the Special Servicer, the Master Servicer, the Operating Advisor and the Asset Representations Reviewer
(x) promptly following Securitization of such Non-Lead Securitization Note, notice of the deposit of such Non-Lead Securitization
Note into a Securitization Trust (which notice shall also provide contact information for the related

 

 

     -22-

    

     

Non-Lead Trustee,
certificate administrator, Non-Lead Master Servicer, Non-Lead Special Servicer and the party designated to exercise the rights
of the “Non-Controlling Note Holder” under this Agreement), accompanied by a certified copy of the executed Non-Lead
Securitization Servicing Agreement and (y) notice of any subsequent change in the identity of the Non-Lead Master Servicer or the
party designated to exercise the rights of the “Non-Controlling Note Holder” with respect to such Non-Lead Securitization
Note under this Agreement (together with the relevant contact information); and

 

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

 

(d)           If
a Non-Lead Securitization Note becomes the subject of an Asset Review pursuant to the related Non-Lead Securitization Servicing
Agreement, the Master Servicer, the Special Servicer, the Trustee and the Custodian shall reasonably cooperate with the applicable
Non-Lead Asset Representations Reviewer or any other party to such Non-Lead Securitization Servicing Agreement in connection with
such Asset Review by providing such Non-Lead Asset Representations Reviewer or such other requesting party with any documents reasonably
requested by such Non-Lead Asset Representations Reviewer or such other requesting party, but only to the extent such documents
are in the possession of the Master Servicer, the Special Servicer, the Trustee or the Custodian, as the case may be.

 

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

 

(f)          
In addition to the foregoing, each Securitization Servicing Agreement shall contain terms and conditions that are customary
for securitization transactions involving assets similar to the Mortgage Loan and that are otherwise (i) required by the Code
relating to

 

 

     -23-

    

     

the tax elections of the trust
fund formed pursuant to such Securitization Servicing Agreement, (ii) required by law or changes in any law, rule or regulation
or (iii) requested by the Rating Agencies rating the related Securitization.  Each Non-Lead Securitization Note Holder
shall have the right to designate the related Non-Lead Master Servicer and related Non-Lead Special Servicer with respect to the
Securitization related to its Note.  Without limiting the generality of any provision set forth above, for purposes of the
Mortgage Loan, each Securitization Servicing Agreement shall contain (A) provisions requiring the related master servicer and the
related special servicer to maintain, or subjecting them to possible termination for not maintaining, compliance with customary
servicer rating criteria (but the rating agencies need not be the same) and (B) provisions substantially similar in all material
respects to or materially consistent with those set forth in the Model PSA with respect to (i) periodic reporting and periodic
delivery of service provider compliance documents under Regulation AB (and, in any event, each Securitization Servicing Agreement
shall require such reporting and delivery so long as the Lead Securitization Trust is required to file periodic reports under the
Securities Exchange Act of 1934, as amended), (ii) servicing transfer events that would result in the transfer of the Mortgage
Loan to special servicing status, (iii) the authority of the Controlling Note Holder (or the Master Servicer or Special Servicer
on its behalf) to grant or agree or consent to material modifications, waivers and amendments to the Mortgage Loan, or to approve
material assignments and assumptions or material additional indebtedness in connection with the Mortgage Loan, (iv) the potential
termination of the related master servicer and special servicer following a servicer termination event, (v) requirements to obtain
an appraisal or appraisal update following a transfer of the Mortgage Loan to special servicing status and periodic updates thereof,
(vi) duties of the special servicer in respect of foreclosure and the management of REO property, (vii) payments on serviced companion
loans (provided, that the Master Servicer under the Lead Securitization Servicing Agreement shall remit amounts payable on any
serviced companion loan on or before the business day following the determination date under the applicable Non-Lead Securitization
Servicing Agreement governing the securitization of such serviced companion loan (if any)), (viii) primary servicing, special servicing,
workout and liquidation fees (and, in any event, the fees at which such compensation accrue or are determined shall not exceed
0.0025%, 0.25%, 1.00% and 1.00%, respectively (without regard to any monthly fee floor)) and (ix) indemnification of the Depositor,
Master Servicer, Special Servicer, certificate administrator, Trustee and Operating Advisor under the Lead Securitization Servicing
Agreement (and any director, officer, employee or agent of any of the foregoing, to the extent such parties are identified as indemnified
parties in the Lead Securitization Servicing Agreement in respect of other mortgage loans) against any claims, losses, penalties,
fines, forfeitures, legal fees and related costs, judgments and any other costs, liabilities, fees and expenses incurred in connection
with servicing and administration of the Mortgage Loan (or, with respect to the related operating advisor, incurred in connection
with the provision of services for the Mortgage Loan) to the same extent that the Indemnified Parties are indemnified under the
Lead Securitization Servicing Agreement against the Indemnified Items; provided, that (A) this statement shall not be construed
to prohibit differences in timing, control or consultation triggers or thresholds, terminology, allocation of ministerial duties
between multiple servicers or other service providers or certificateholder or investor voting or consent thresholds, or to prohibit
or restrict additional approval, consent, consultation, notice or rating agency confirmation requirements; and (B) if there is
any conflict between this sentence and any other provision of this Agreement, such other provision of this Agreement shall control.
To the extent of any conflict between this

 

 

     -24-

    

     

Agreement and the Lead Securitization
Servicing Agreement, the terms of this Agreement shall control.

 

(g)           The
Lead Securitization Note Holder shall cause the Lead Securitization Servicing Agreement to contain provisions requiring the Master
Servicer to deliver to any Non-Lead Master Servicer, any Non-Lead Special Servicer and any Non-Lead Trustee (i) notice of any Appraisal
Event promptly following the occurrence thereof and (ii) a statement of any Appraisal Reduction promptly following the calculation
thereof.

 

Section 3.          
Priority of Payments. Each Note shall be of equal priority, and no portion of any Note shall have priority or preference
over any portion of any other Note or security therefor. All amounts tendered by the Mortgage Loan Borrower or otherwise available
for payment on or with respect to or in connection with the Mortgage Loan or the Mortgaged Property or amounts realized as proceeds
thereof, whether received in the form of Scheduled Payments, the Balloon Payment, Liquidation Proceeds, proceeds under any guaranty,
letter of credit or other collateral or instrument securing the Mortgage Loan, Condemnation Proceeds, or Insurance Proceeds (other
than proceeds, awards or settlements to be applied to the restoration or repair of the Mortgaged Property or released to the Mortgage
Loan Borrower in accordance with the terms of the Mortgage Loan Documents), shall be applied by the Lead Securitization Note Holder
(or its designee) to the Notes on a Pro Rata and Pari Passu Basis; provided, that (x) all amounts for required
reserves or escrows required by the Mortgage Loan Documents to be held as reserves or escrows or received as reimbursements on
account of recoveries in respect of property protection expenses or Servicing Advances then due and payable or reimbursable to
the Trustee or any Servicer under the Lead Securitization Servicing Agreement shall be applied to the extent set forth in, and
in accordance with the terms of, the Mortgage Loan Documents; and (y) all amounts that are then due, payable or reimbursable
to any Servicer with respect to the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement and any other additional
compensation payable to it thereunder (including without limitation, any additional trust fund expenses under the Lead Securitization
Servicing Agreement relating to the Mortgage Loan (but subject to the second paragraph of Section 5(d) hereof) reimbursable
to, or payable by, such parties and any Special Servicing Fees, Liquidation Fees, Workout Fees, Penalty Charges (to the extent
provided in the immediately following paragraph), but excluding (i) any P&I Advances (and interest thereon) on the Lead Securitization
Note, which shall be reimbursed in accordance with Section 2(b) hereof, and (ii) any Servicing Fees due to the Master Servicer
in excess of each Non-Lead Securitization Note’s pro rata share of that portion of such servicing fees calculated
at the “primary servicing fee rate” applicable to the Mortgage Loan as set forth in the Lead Securitization Servicing
Agreement, which such excess shall not be subject to the allocation provisions of this Section 3) shall be payable in accordance
with the Lead Securitization Servicing Agreement.

 

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

 

 

     -25-

    

     

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

 

Any Note Holder that receives
proceeds from the sale of the primary servicing rights with respect to the Mortgage Loan shall remit to the other Note Holders,
promptly upon receipt thereof, such amounts as are required such that each Note Holder receives its pro rata share of such proceeds
on a Pro Rata and Pari Passu Basis. Any proceeds received by any Note Holder from the sale of master servicing rights with respect
to its Note shall be for its own account.

 

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

 

Section 5.            
Administration of the Mortgage Loan.

 

(a)        Subject
to this Agreement (including but not limited to Section 5(c)) and the Lead Securitization Servicing Agreement and subject
to the rights and consents, where required, of the Controlling Note Holder Representative, the Lead Securitization Note Holder
(or the Master Servicer, the Special Servicer or the Trustee acting on its behalf) shall have the sole and exclusive authority
with respect to the administration of, and exercise of rights and remedies with respect to, the Mortgage Loan, including, without
limitation, the sole authority to modify or waive any of the terms of the Mortgage Loan Documents or consent to any action or failure
to act by the Mortgage Loan Borrower or any other party to the Mortgage Loan Documents, call or waive any Event of Default, accelerate
the Mortgage Loan or institute any foreclosure action or other remedy, and no Non-Lead Securitization Note Holder shall have any
voting, consent or other rights whatsoever except as explicitly set forth herein with respect to the Lead Securitization Note Holder’s
administration of, or exercise of its rights and remedies

 

 

     -26-

    

     

with respect to, the
Mortgage Loan. Subject to this Agreement and the Lead Securitization Servicing Agreement, no Non-Lead Securitization Note Holder
shall have any right to, and each Non-Lead Securitization Note Holder hereby presently and irrevocably assigns and conveys to the
Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on behalf of the Lead Securitization
Note Holder) the rights, if any, that such Note Holder has to, (i) call, or cause the Lead Securitization Note Holder to call,
an Event of Default under the Mortgage Loan, or (ii) exercise any remedies with respect to the Mortgage Loan or the Mortgage
Loan Borrower, including, without limitation, filing, or causing the Lead Securitization Note Holder to file, any bankruptcy petition
against the Mortgage Loan Borrower. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee
acting on its behalf) shall not have any fiduciary duty to any Non-Lead Securitization Note Holder in connection with the administration
of the Mortgage Loan (but the foregoing shall not relieve the Lead Securitization Note Holder from the obligation to make any disbursement
of funds as set forth herein or its obligation to follow the Servicing Standard (in the case of the Master Servicer or the Special
Servicer) or any liability for failure to do so).

 

Each Note Holder
hereby acknowledges the right and obligation of the Lead Securitization Note Holder (or the Special Servicer acting on behalf of
the Lead Securitization Note Holder), upon the Mortgage Loan becoming a Defaulted Loan, to sell the Notes together as notes evidencing
one whole loan in accordance with the terms of the Lead Securitization Servicing Agreement. In connection with any such sale, the
Special Servicer shall sell the Notes together as notes evidencing one whole loan and shall require that all offers be submitted
to the Trustee in writing. Whether any cash offer constitutes a fair price for the Mortgage Loan shall be determined by the Special
Servicer (unless the offeror is an Interested Person, in which case the Trustee shall make such determination); provided,
that no offer from an Interested Person shall constitute a fair price unless (i) it is the highest offer received and (ii) at least
one bona fide other offer is received from an independent third party. In determining whether any offer received represents a fair
price for the Mortgage Loan, the Trustee or the Special Servicer, as applicable, shall be supplied with and shall rely on the most
recent Appraisal or updated Appraisal conducted in accordance with the Lead Securitization Servicing Agreement within the preceding
nine (9)-month period or, in the absence of any such Appraisal, on a new Appraisal. The Trustee shall select the appraiser conducting
any such new Appraisal. In determining whether any such offer constitutes a fair price for the Mortgage Loan, the Trustee or the
Special Servicer, as applicable, shall instruct the appraiser to take into account (in addition to the results of any Appraisal
or updated Appraisal that it may have obtained pursuant to the Lead Securitization Servicing Agreement), as applicable, among other
factors, the period and amount of any delinquency on the affected Mortgage Loan, the occupancy level and physical condition of
the Mortgaged Property and the state of the local economy. The Trustee may conclusively rely on the opinion of an Independent appraiser
or other Independent expert in real estate matters retained by the Trustee at the expense of the Holders in connection with making
such determination. Notwithstanding the foregoing, the Lead Securitization Note Holder (or the Special Servicer acting on its behalf)
shall not be permitted to sell the Mortgage Loan without the written consent of each Non-Lead Securitization Note Holder (provided
that such consent is not required with respect to any Non-Lead Securitization Note that is held by the Mortgage Loan Borrower or
an Affiliate of the Mortgage Loan Borrower) unless the Special Servicer has delivered to each Non-Lead Securitization Note Holder:
(a) at least 15 Business Days prior written notice of any decision to attempt to sell the Mortgage Loan; (b) at least 10

 

 

     -27-

    

     

days prior to the proposed
sale date, a copy of each bid package (together with any amendments to such bid packages) received by the Special Servicer in connection
with any such proposed sale; (c) at least 10 days prior to the proposed sale date, a copy of the most recent Appraisal for the
Mortgage Loan, and any documents in the Servicing File requested by such Non-Lead Securitization Note Holder; and (d) until the
sale is completed, and a reasonable period of time (but no less time than is afforded to other offerors and the Lead Securitization
Directing Certificateholder) prior to the proposed sale date, all information and other documents being provided to other offerors
and all leases or other documents that are approved by the Master Servicer or the Special Servicer in connection with the proposed
sale. Subject to the foregoing, each Note Holder or its Note Holder Representative shall be permitted to submit an offer at any
sale of the Mortgage Loan.

 

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

 

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

 

(b)        The
administration of the Mortgage Loan shall be governed by this Agreement and the Lead Securitization Servicing Agreement. The servicing
of the Mortgage Loan shall be carried out by the Master Servicer and, if the Mortgage Loan is a Specially Serviced Loan (or to
the extent otherwise provided in the Lead Securitization Servicing Agreement), by the Special Servicer, in each case pursuant to
the Lead Securitization Servicing

 

 

     -28-

    

     

Agreement. Notwithstanding
anything to the contrary contained herein, in accordance with the Lead Securitization Servicing Agreement, the Lead Securitization
Note Holder shall cause the Master Servicer and the Special Servicer to service and administer the Mortgage Loan in accordance
with the Servicing Standard, taking into account the interests of each Note Holder. The Note Holders agree to be bound by the terms
of the Lead Securitization Servicing Agreement. All rights and obligations of the Lead Securitization Note Holder described hereunder
may be exercised by the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee on behalf of the Lead
Securitization Note Holder to the extent set forth in the Lead Securitization Servicing Agreement. The Lead Securitization Servicing
Agreement shall not be amended in any manner that may adversely affect any Non-Lead Securitization Note Holder in its capacity
as Non-Lead Securitization Note Holder without such Non-Lead Securitization Note Holder’s prior written consent. Each Non-Lead
Securitization Note Holder (unless it is, or is an Affiliate of, the Mortgage Loan Borrower) shall be a third-party beneficiary
to the Lead Securitization Servicing Agreement with respect to its rights as specifically provided for therein.

 

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

 

 

     -29-

    

     

consultation rights
of each Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative) set forth in the immediately preceding
sentence, the Lead Securitization Note Holder (or Master Servicer or Special Servicer, acting on its behalf) may take any Major
Decision or any action set forth in the Asset Status Report before the expiration of the aforementioned ten (10) Business Day period
if the Lead Securitization Note Holder (or Master Servicer or Special Servicer, as applicable) determines that immediate action
with respect thereto is necessary to protect the interests of the Note Holders. In no event shall the Lead Securitization Note
Holder (or Master Servicer or Special Servicer, acting on its behalf) be obligated at any time to follow or take any alternative
actions recommended by a Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative).

 

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

 

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

 

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

 

 

     -30-

    

     

or payment otherwise distributable
to any other Note Holder be reduced to offset or make-up any such payment or deficit.

 

Section 6.          
Note Holder Representatives.

 

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

 

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

 

 

     -31-

    

     

Holder and, absent willful
misfeasance, bad faith or gross negligence on the part of the Controlling Note Holder Representative or the Controlling Note Holder,
as the case may be, agree to take no action against the Controlling Note Holder Representative, the Controlling Note Holder or
any of their respective officers, directors, employees, principals or agents as a result of such special relationships or interests,
and that neither the Controlling Note Holder Representative nor the Controlling Note Holder will be deemed to have been grossly
negligent or reckless, or to have acted in bad faith or engaged in willful misfeasance or to have recklessly disregarded any exercise
of its rights by reason of its having acted or refrained from acting, or having given any consent or having failed to give any
consent, solely in the interests of any Note Holder.

 

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

 

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

 

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

 

(b)           The
Controlling Note Holder shall be entitled to exercise the rights and powers granted to the Controlling Note hereunder. In addition,
the Controlling Note Holder shall be entitled to advise (1) the Special Servicer with respect to all matters related to the Mortgage
Loan if it is a Specially Serviced Loan and (2) the Master Servicer and the Special Servicer with respect to all Major Decisions,
and, except as set forth below the Master Servicer and the Special Servicer shall not be permitted to implement or consent to any
Major Decision as to which the Controlling Note Holder has objected in writing within ten (10) Business Days (or thirty (30) days
with respect to an Acceptable Insurance Default) after receipt of the written recommendation and analysis and such additional information
requested by the Controlling Note Holder as may be necessary in the reasonable judgment of the Controlling Note Holder in order
to make a judgment with respect to such Major Decision. The Master Servicer or Special Servicer shall seek the consent of the Controlling
Note Holder with respect to any Major Decision to the same extent that it is responsible under the Lead Securitization Servicing
Agreement for seeking the consent of the Directing Certificateholder with respect to any Major

 

 

     -32-

    

     

Decision with respect to any
other mortgage loan serviced thereunder (assuming that a “Control Termination Event” or similar event under the Lead
Securitization Servicing Agreement has not occurred and is not continuing). The Controlling Note Holder may also direct the Special
Servicer to take, or to refrain from taking, such other actions with respect to the Mortgage Loan as the Controlling Note Holder
may deem advisable.

 

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

 

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

 

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

 

Section 7.          
Appointment of Special Servicer. The Controlling Note Holder (or its Controlling Note Holder Representative) shall
have the right (subject to the terms, conditions and limitations in the Lead Securitization Servicing Agreement) at any time and
from time to time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint
a replacement Special Servicer with the Required Special Servicer Rating. Any designation by the Controlling Note Holder (or its
Controlling Note Holder Representative) of a Person to serve as Special Servicer shall be made by delivering to each other Note
Holder, the Master Servicer, the Special Servicer and each other party to the Lead Securitization Servicing Agreement a written
notice stating such designation and satisfying the other conditions to such replacement as set forth in the Lead Securitization
Servicing Agreement and delivering a Rating Agency Communication to each Rating Agency (or obtaining a Rating Agency Confirmation
from each Rating Agency, but only if required by the terms of the Lead

 

 

     -33-

    

     

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

 

Section 8.          
Payment Procedure.

 

(a)        The
Lead Securitization Note Holder (or the Master Servicer acting on its behalf), in accordance with the priorities set forth in Section 3
and subject to the terms of the Lead Securitization Servicing Agreement, shall deposit or cause to be deposited all payments allocable
to the Notes to the Collection Account and/or related Companion Distribution Account (each as defined in the Lead Securitization
Servicing Agreement) pursuant to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note
Holder (or the Master Servicer acting on its behalf) shall deposit such payments to the applicable account within one Business
Day of receipt of properly identified and available funds by the Lead Securitization Note Holder (or the Master Servicer acting
on its behalf) from or on behalf of the Mortgage Loan Borrower (provided, that to the extent that any payment is received after
2:00 p.m. (Eastern Time) on any given Business Day, the Master Servicer is required to use commercially reasonable efforts to deposit
such payments into the applicable account within one (1) Business Day of receipt of such properly identified and available funds
but, in any event, the Master Servicer is required to deposit such payments into the applicable account within two (2) Business
Days of receipt of such properly identified and available funds).

 

(b)        If
the Lead Securitization Note Holder determines, or a court of competent jurisdiction orders, at any time that any amount received
or collected in respect of any Note must, pursuant to any insolvency, bankruptcy, fraudulent conveyance, preference or

 

 

     -34-

    

     

similar law, be returned
to the Mortgage Loan Borrower or paid to any Note Holder or any Servicer or paid to any other Person, then, notwithstanding any
other provision of this Agreement, the Lead Securitization Note Holder shall not be required to distribute any portion thereof
to any Non-Lead Securitization Note Holder and each Non-Lead Securitization Note Holder shall promptly on demand by the Lead Securitization
Note Holder repay to the Lead Securitization Note Holder any portion thereof that the Lead Securitization Note Holder shall have
theretofore distributed to such Non-Lead Securitization Note Holder, together with interest thereon at such rate, if any, as the
Lead Securitization Note Holder shall have been required to pay to any Mortgage Loan Borrower, Master Servicer, Special Servicer
or such other Person with respect thereto.

 

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

 

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

 

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

 

The Note Holders acknowledge
that, subject to the obligation of the Lead Securitization Note Holder (including any Servicer and the Trustee) to comply with,
and except as otherwise required by, the Servicing Standard, the Lead Securitization Note Holder (including any Servicer and the
Trustee) may exercise, or omit to exercise, any rights that the Lead Securitization Note Holder may have under the Lead Securitization
Servicing Agreement in a manner that may be adverse to the interests of any Non-Lead Securitization Note Holder and that the Lead
Securitization Note Holder (including any Servicer and the Trustee) shall have no liability whatsoever to any Non-Lead Securitization
Note Holder in connection with the Lead Securitization Note Holder’s exercise of rights or any omission by the Lead Securitization
Note

 

 

     -35-

    

     

Holder to exercise such rights
other than as described above; provided, that each Servicer must act in accordance with the Servicing Standard.

 

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

 

Section 11.          Representations
of the Note Holders. Each Note Holder represents and warrants that the execution, delivery and performance of this Agreement
is within its corporate powers, has been duly authorized by all necessary corporate action, and does not contravene such Note Holder’s
charter or any law or contractual restriction binding upon such Note Holder, and that this Agreement is the legal, valid and binding
obligation of such Note Holder enforceable against such Note Holder in accordance with its terms, except as such enforcement may
be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’
rights generally, and by general principles of equity (regardless of whether such enforceability is considered in a proceeding
in equity or at law), and except that the enforcement of rights with respect to indemnification and contribution obligations may
be limited by applicable law. Each Note Holder represents and warrants that it is duly organized, validly existing, in good standing
and in possession of all licenses and authorizations necessary to carry on its business. Each Note Holder represents and warrants
that (a) this Agreement has been duly executed and delivered by such Note Holder, (b) to such Note Holder’s actual
knowledge, all consents, approvals, authorizations, orders or filings of or with any court or governmental agency or body, if any,
required for the execution, delivery and

 

 

     -36-

    

     

performance of this Agreement
by such Note Holder have been obtained or made and (c) to such Note Holder’s actual knowledge, there is no pending action,
suit or proceeding, arbitration or governmental investigation against such Note Holder, an adverse outcome of which would materially
and adversely affect its performance under this Agreement.

 

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

 

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

 

Section 14.          Sale
of the Notes.

 

(a)        Except
as otherwise provided in Section 14(c) below, each Note Holder agrees that it will not sell, assign, transfer, pledge, syndicate,
hypothecate, contribute, encumber or otherwise dispose of all or any portion of its respective Note (or a participation interest
in such Note) (a “Transfer”) except to a Qualified Institutional Lender in accordance with the terms of this
Agreement. Promptly after any such Transfer, any non-transferring Note Holders shall be provided with (x) a representation
from each transferee or the transferring Note Holder certifying that such transferee is a Qualified Institutional Lender (except
in the case of a Transfer in accordance with the immediately following sentence or a Transfer by a Note Holder to an entity that
constitutes a Qualified Institutional Lender pursuant to clause (b)(iii) of the definition thereof) and (y) a copy
of the assignment and assumption agreement referred to in Section 15. If a Note Holder intends to Transfer its respective
Note, or any portion thereof, to an entity that is not a Qualified Institutional Lender, it must first (a) obtain the consent of
each non-transferring Note Holder and (b) if any such non-transferring Note Holder’s Note is held in a Securitization Trust,
provide each of the applicable engaged Rating Agencies for such Securitization Trust with a Rating Agency Communication (or, if
the transferring Note Holder is the Lead Securitization Note Holder, obtain a Rating Agency Confirmation from each of the applicable
Rating Agencies for such Securitization Trust). Notwithstanding the foregoing, without each non-transferring Note Holder’s
prior consent (which will not be unreasonably

 

 

     -37-

    

     

withheld), and, if
any non-transferring Note Holder’s Note is held in a Securitization Trust, until a Rating Agency Confirmation is obtained
from each engaged Rating Agency for such Securitization Trust, no Note Holder shall Transfer all or any portion of its Note (or
a participation interest in such Note) to the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party and any such Transfer
shall be absolutely null and void and shall vest no rights in the purported transferee. The transferring Note Holder agrees that
it shall pay the expenses of any non-transferring Note Holder (including all expenses of the Master Servicer, the Special Servicer,
the Trustee and any Controlling Note Holder or Controlling Note Holder Representative) and all expenses relating to any Rating
Agency Communication or Rating Agency Confirmation in connection with any such Transfer. Notwithstanding the foregoing, each Note
Holder shall have the right, without the need to obtain the consent of any other Note Holder or of any other Person or having to
provide any Rating Agency Communication or having to obtain any Rating Agency Confirmation, to Transfer 49% or less (in the aggregate)
of its beneficial interest in a Note. None of the provisions of this Section 14(a) shall apply in the case of (1) a sale
of the Lead Securitization Note together with all of the Non-Lead Securitization Notes, in accordance with the terms and conditions
of the Lead Securitization Servicing Agreement or (2) a transfer by the Special Servicer, in accordance with the terms and conditions
of the Lead Securitization Servicing Agreement, of the Mortgage Loan or the Mortgaged Property, upon the Mortgage Loan becoming
a Defaulted Loan, to a single member limited liability or limited partnership, 100% of the equity interest in which is owned directly
or indirectly, through one or more single member limited liability companies or limited partnerships, by the Lead Securitization
Trust.

 

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

 

(c)        Notwithstanding
any other provision hereof, any Note Holder may pledge (a “Pledge”) its Note to any entity (other than the Mortgage
Loan Borrower or any Affiliate thereof) which has extended a credit facility to such Note Holder and that is either a Qualified
Institutional Lender or a financial institution whose long-term unsecured debt is rated at least “A” (or the equivalent)
or better by each applicable Rating Agency (or, if not rated by an applicable Rating Agency, an equivalent (or higher) rating from
any two of Fitch, Moody’s and S&P) or to a Person with respect to which a Rating Agency Confirmation has been obtained
(any of the foregoing, a “Note Pledgee”), on terms and conditions set forth in this Section 14(c),
it being further agreed that a financing provided by a Note Pledgee to a Note Holder or any person which Controls such Note that
is secured by its Note and is structured as a repurchase arrangement, shall qualify as a “Pledge” hereunder, provided
that a Note Pledgee which is not a Qualified Institutional Lender may not take title to the pledged Note without a Rating Agency
Confirmation. Upon written notice by the applicable Note Holder to each other Note Holder and any Servicer that a Pledge has been
effected (including the name and address of the applicable Note Pledgee), each other Note Holder agrees to acknowledge receipt
of such

 

 

     -38-

    

     

notice and thereafter
agrees: (i) to give Note Pledgee written notice of any default by the pledging Note Holder in respect of its obligations under
this Agreement of which default such Note Holder has actual knowledge; (ii) to allow such Note Pledgee a period of ten (10)
days to cure a default by the pledging Note Holder in respect of its obligations to each other Note Holder hereunder, but such
Note Pledgee shall not be obligated to cure any such default; (iii) that no amendment, modification, waiver or termination
of this Agreement shall be effective against such Note Pledgee without the written consent of such Note Pledgee, which consent
shall not be unreasonably withheld, conditioned or delayed; (iv) that such other Note Holder shall give to such Note Pledgee
copies of any notice of default under this Agreement simultaneously with the giving of same to the pledging Note Holder; (v) that
such other Note Holder shall deliver to Note Pledgee such estoppel certificate(s) as Note Pledgee shall reasonably request, provided
that any such certificate(s) shall be in a form reasonably satisfactory to such other Note Holder; and (vi) that, upon written
notice (a “Redirection Notice”) to each other Note Holder and any Servicer by such Note Pledgee that the pledging
Note Holder is in default, beyond any applicable cure periods, under the pledging Note Holder’s obligations to such Note
Pledgee pursuant to the applicable credit agreement between the pledging Note Holder and such Note Pledgee (which notice need not
be joined in or confirmed by the pledging Note Holder), and until such Redirection Notice is withdrawn or rescinded by such Note
Pledgee, Note Pledgee shall be entitled to receive any payments that any Note Holder or Servicer would otherwise be obligated to
pay to the pledging Note Holder from time to time pursuant to this Agreement or the Lead Securitization Servicing Agreement. Any
pledging Note Holder hereby unconditionally and absolutely releases each other Note Holder and any Servicer from any liability
to the pledging Note Holder on account of such other Note Holder’s or Servicer’s compliance with any Redirection Notice
believed by any Servicer or such other Note Holder to have been delivered by a Note Pledgee. Note Pledgee shall be permitted to
exercise fully its rights and remedies against the pledging Note Holder to such Note Pledgee (and accept an assignment in lieu
of foreclosure as to such collateral), in accordance with applicable law and this Agreement. In such event, the Note Holders and
any Servicer shall recognize such Note Pledgee (and any transferee other than the Mortgage Loan Borrower or any Affiliate thereof
which is also a Qualified Institutional Lender at any foreclosure or similar sale held by such Note Pledgee or any transfer in
lieu of foreclosure), and its successor and assigns, as the successor to the pledging Note Holder’s rights, remedies and
obligations under this Agreement, and any such Note Pledgee or Qualified Institutional Lender shall assume in writing the obligations
of the pledging Note Holder hereunder accruing from and after such Transfer (i.e., realization upon the collateral by such
Note Pledgee) and agrees to be bound by the terms and provisions of this Agreement. The rights of a Note Pledgee under this Section 14(c)
shall remain effective as to any Note Holder (and any Servicer) unless and until such Note Pledgee shall have notified any such
Note Holder (and any Servicer, as applicable) in writing that its interest in the pledged Note has terminated.

 

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

 

 

     -39-

    

     

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

 

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

 

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

 

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

 

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

 

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

 

In connection with any Transfer
of a Note (but excluding any Pledgee unless and until it realizes on its Pledge), a transferee shall execute an assignment and
assumption agreement (unless the transferee is a Securitization Trust and the related pooling and servicing agreement requires
the parties thereto to comply with this Agreement), shall (i) assume in writing all of the obligations of the applicable Note Holder
hereunder with respect to such Note thereafter accruing and agrees to be bound by the terms of this Agreement, including the applicable
restriction on Transfers set forth in Section 14, from and after the date of such assignment and (ii) remake each of
the representation and warranties contained in Section 11 for the benefit of the other Note Holders as of the date of such assignment.
No transfer of a Note may be made unless it is registered on the Note Register, and the Agent shall not recognize any attempted
or purported transfer of any Note in violation of the provisions of Section 14 and this Section 15. Any
such purported transfer shall be absolutely null and void and shall vest no rights

 

 

     -40-

    

     

in the purported transferee.
Each Note Holder desiring to effect such transfer shall, and does hereby agree to, indemnify the Agent and each other Note Holder
against any liability that may result if the transfer is not made in accordance with the provisions of this Agreement.

 

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

 

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

 

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

 

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

 

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

 

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

 

Section 18.         Modifications.
This Agreement shall not be modified, cancelled or terminated except by an instrument in writing signed by each Note Holder. Additionally,
for as

 

 

     -41-

    

     

long as any Note is contained
in a Securitization Trust, the Note Holders shall not amend or modify this Agreement without first obtaining a Rating Agency Confirmation
from each Rating Agency then rating any Certificates of any Securitization; provided that no such Rating Agency Confirmation
shall be required in connection with a modification (i) to cure any ambiguity, to correct or supplement any provisions herein that
may be defective or inconsistent with any other provisions herein or with the Lead Securitization Servicing Agreement, or (ii)
with respect to matters or questions arising under this Agreement, to make provisions of this Agreement consistent with other provisions
of this Agreement (including, without limitation, in connection with the creation of New Notes pursuant to Section 32).

 

Section 19.          Successors
and Assigns; Third Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon the parties hereto
and their respective successors and assigns. Except as provided herein, including without limitation, with respect to the Trustee,
Certificate Administrator, Master Servicer and Special Servicer and any Non-Lead Master Servicer, Non-Lead Special Servicer or
Non-Lead Trustee, none of the provisions of this Agreement shall be for the benefit of or enforceable by any Person not a party
hereto. Subject to Section 14 and Section 15, each Note Holder may assign or delegate its rights or obligations
under this Agreement. Upon any such assignment, the assignee shall be entitled to all rights and benefits of the applicable Note
Holder hereunder. For the avoidance of doubt, the representations in Section 11 shall not be binding upon any Securitization
Trust.

 

Section 20.          Counterparts.
This Agreement may be executed in any number of counterparts and all of such counterparts shall together constitute one and the
same instrument. Delivery of an executed counterpart of a signature page of this Agreement in Portable Document Format (PDF) or
by facsimile transmission shall be effective as delivery of a manually executed original counterpart of this Agreement.

 

Section 21.          Captions.
The titles and headings of the paragraphs of this Agreement have been inserted for convenience of reference only and are not intended
to summarize or otherwise describe the subject matter of the paragraphs and shall not be given any consideration in the construction
of this Agreement.

 

Section 22.          Severability.
Wherever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable
law, but if any provision of this Agreement shall be prohibited by or invalid under applicable laws, such provision shall be ineffective
to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions
of this Agreement.

 

Section 23.          Entire
Agreement. This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained
in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

 

Section 24.          Withholding
Taxes. (a) If the Lead Securitization Note Holder or the Mortgage Loan Borrower shall be required by law to deduct and withhold
Taxes from interest, fees or other amounts payable to any Non-Lead Securitization Note Holder with respect to the Mortgage Loan
as a result of such Non-Lead Securitization Note Holder

 

 

     -42-

    

     

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

 

(b)        Each
Note Holder (to the extent it is not the same entity as the Lead Securitization Note Holder) shall and hereby agrees to indemnify
the Lead Securitization Note Holder against and hold the Lead Securitization Note Holder harmless from and against any Taxes, interest,
penalties and attorneys’ fees and disbursements arising or resulting from any failure of the Lead Securitization Note Holder
to withhold Taxes from payment made to such Note Holder in reliance upon any representation, certificate, statement, document or
instrument made or provided by such Note Holder to the Lead Securitization Note Holder in connection with the obligation of the
Lead Securitization Note Holder to withhold Taxes from payments made to such Note Holder, it being expressly understood and agreed
that (i) the Lead Securitization Note Holder shall be absolutely and unconditionally entitled to accept any such representation,
certificate, statement, document or instrument as being true and correct in all respects and to fully rely thereon without any
obligation or responsibility to investigate or to make any inquiries with respect to the accuracy, veracity, correctness or validity
of the same and (ii) such Note Holder, upon request of the Lead Securitization Note Holder and at its sole cost and expense,
shall defend any claim or action relating to the foregoing indemnification using counsel selected by the Lead Securitization Note
Holder.

 

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

 

 

     -43-

    

     

appropriate attachments),
Form W-8BEN or Form W-8BEN-E, or successor forms, as may be required from time to time, duly executed by such Note Holder, as evidence
of such Note Holder’s exemption from the withholding of United States tax with respect thereto. The Lead Securitization Note
Holder shall not be obligated to make any payment hereunder with respect to any Non-Lead Securitization Note or otherwise until
the holder of such Note shall have furnished to the Lead Securitization Note Holder requested forms, certificates, statements or
documents.

 

Section 25.          Custody
of Mortgage Loan Documents. Prior to the Lead Securitization Date, the originals of all of the Mortgage Loan Documents (other
than the Notes, which will be held by the respective Note Holders or their designated custodians) will be held by the Initial Agent
on behalf of the registered holders of the Notes. On and after the Lead Securitization Date, the originals of all of the Mortgage
Loan Documents (other than the Notes, which will be held by the respective Note Holders or their designated custodians) shall be
held in the name of the Note A-1-1 Trustee (and held by a duly appointed custodian therefor) under the Lead Securitization Servicing
Agreement, on behalf of the registered holders of the Notes.

 

Section 26.           Cooperation
in Securitization.

 

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

 

 

     -44-

    

     

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

 

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

 

Section 27.          Notices.
All notices required hereunder shall be given by (i)  facsimile transmission (during business hours) if the sender on the
same day sends a confirming copy of such notice by reputable overnight delivery service (charges prepaid), (ii) reputable
overnight delivery service (charges prepaid) or (iii) certified United States mail, postage prepaid return receipt requested,
and addressed to the respective parties at their addresses set forth on Exhibit B hereto, or at such other address as any
party shall hereafter inform the other party by written notice given as aforesaid. All written notices so given shall be deemed
effective upon receipt.

 

Section 28.           Broker.
Each Note Holder represents to each other that no broker was responsible for bringing about this transaction.

 

Section 29.          
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 documents delivered to the
Agent pursuant to Section 14 and Section 15;

 

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

 

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

 

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

 

 

     -45-

    

     

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 documents delivered to the Agent pursuant
to Section 15;

 

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

 

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

 

Section 30.          Reserved.

 

Section 31.         Resignation
of Agent. The Agent may resign at any time on ten (10) days’ prior notice, so long as a successor Agent, reasonably satisfactory
to the Note Holders (it being agreed that a Servicer, the Trustee or a Certificate Administrator in a Securitization is satisfactory
to the Note Holders), has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. Citi, as Initial
Agent, may transfer its rights and obligations to a Servicer, the Trustee or the Certificate Administrator, as successor Agent,
at any time without the consent of any Note Holder. Notwithstanding the foregoing, Note Holders hereby agree that, simultaneously
with the closing of the Lead Securitization, the Master Servicer shall be deemed to have been automatically appointed as the successor
Agent under this Agreement in place of Citi without any further notice or other action. The termination or resignation of the Master
Servicer, as Master Servicer under the Lead Securitization Servicing Agreement, shall be deemed a termination or resignation of
such Master Servicer as Agent under this Agreement, and any successor master servicer shall be deemed to have been automatically
appointed as the successor Agent under this Agreement in place thereof without any further notice or other action.

 

Section 32.          Resizing.
Notwithstanding any other provision of this Agreement, for so long as any Note Holder or an affiliate thereof (an “Original
Entity”) is the owner of any Non-Lead Securitization Note that is not included in a Securitization (each, an “Owned
Note”), such Original Entity shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the
Mortgage Loan Borrower to execute amended and restated notes or additional notes (in each case, as applicable, “New Notes”)
reallocating the principal of an Owned Note to such New Notes; or severing an Owned Note into one or more further “component”
notes in the aggregate principal amount equal to the then outstanding principal balance of such Owned Note provided that (i) the
aggregate principal balance of all outstanding New Notes following such amendments is no greater than the aggregate principal of
such Owned Note prior to such amendments, (ii) all Notes continue to have the same weighted average interest rate as the Notes
prior to such amendments, (iii) all Notes pay pro rata and on a pari passu basis and such reallocated or component
notes shall be automatically subject to the terms of this Agreement, (iv) the Original Entity holding the New Notes shall notify
each other Note Holder, the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee in writing of
such modified allocations and principal amounts, and (v) the execution of such amendments and New Notes does not violate the Servicing
Standard. If the Lead Securitization Note Holder so

 

 

     -46-

    

     

requests, the Original Entity
holding the New Notes (and any subsequent holder of such Notes) shall execute a confirmation of the continuing applicability of
this Agreement to the New Notes, as so modified. Except for the foregoing reallocation and for modifications pursuant to the Lead
Securitization Servicing Agreement (as discussed in Section 5), no Note may be modified or amended without the consent of
its holder and the consent of the holder of each other Note. In connection with the foregoing (provided the conditions set forth
in clauses (i) through (v) above are satisfied, with respect to clauses (i) through (iv), as certified
by the Original Entity, on which certification the Master Servicer can rely), the Master Servicer is hereby authorized and directed
to execute amendments to the Mortgage Loan Documents and this Agreement on behalf of any or all of the Note Holders, as applicable,
solely for the purpose of reflecting such reallocation of principal. If more than one New Note is created hereunder, for purposes
of exercising the rights of a Controlling Note Holder or Non-Controlling Note Holder hereunder, the “Controlling Note Holder”
or “Non-Controlling Note Holder”, as applicable, shall be as provided in the definitions of such terms in this Agreement;
provided that the Controlling Note Holder shall be entitled to designate any New Note created from the existing Controlling
Note to be a Non-Controlling Note hereunder.

 

[SIGNATURE PAGE FOLLOWS]

 

     -47-

    

     

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

 

 

	 	CITI REAL ESTATE FUNDING INC.,
	 	as Initial Note A-1-1 Holder
	 	 	 
	 	By:	/s Ana Rosu Marmann
	 	 	Name: Ana Rosu Marmann
	 	 	Title: Authorized Signatory
	 	 	 
	 	CITI REAL ESTATE FUNDING INC.,
	 	as Initial Note A-1-2 Holder
	 	 	 
	 	By:	/s Ana Rosu Marmann
	 	 	Name: Ana Rosu Marmann
	 	 	Title: Authorized Signatory
	 	 	 
	 	CITI REAL ESTATE FUNDING INC.,
	 	as Initial Note A-1-3 Holder
	 	 	 
	 	By:	/s/ Ana Rosu Marmann
	 	 	Name: Ana Rosu Marmann
	 	 	Title: Authorized Signatory
	 	 	 
	 	CANTOR COMMERCIAL REAL ESTATE LENDING, L.P.,
	 	as Initial Note A-1-4 Holder
	 	 	 
	 	By:	/s/ Gary F. Stellato
	 	 	Name: Gary F. Stellato
	 	 	Title: Secretary

 

 

 

SoCal
Portfolio – Agreement Between Note Holders 

 

 

     

    

     

	 	BARCLAYS BANK PLC,
	 	as Initial Note A-2-1 Holder
	 	 	 
	 	By:	/s/ Sabrina Khabie
	 	 	Name: Sabrina Khabie
	 	 	Title: Authorized Signatory
	 	 	 
	 	BARCLAYS BANK PLC,
	 	as Initial Note A-2-2 Holder
	 	 	 
	 	By:	/s/ Sabrina Khabie
	 	 	Name: Sabrina Khabie
	 	 	Title: Authorized Signatory

 

SoCal Portfolio
– Agreement Between Note Holders 

 

 

     

    

     

EXHIBIT A

MORTGAGE LOAN SCHEDULE

 

Description of Mortgage Loan

 

	Mortgage Loan Borrower:	
        1.    AP-Lancaster
        LLC 

        2.    AP-25th
        Street LLC 

        3.    AP-Palmdale
        II LLC 

        4.    AP-Donald
        Douglas LLC 

        5.    AP-Aliso
        Viejo LLC 

        6.    AP-Anaheim
        LLC 

        7.    AP-Atlantic
        LLC 

        8.    AP-Cityview
        LLC 

        9.    AP-Colton
        LLC 

        10. 
        AP-Commerce LLC 

        11. 
        AP-Diamond Bar LLC 

        12. 
        AP-Fresno Airport LLC 

        13. 
        AP-Fresno Industrial LLC 

        14. 
        AP-Garden Grove LLC 

        15. 
        AP-Ming LLC 

        16. 
        AP-Moreno Valley LLC 

        17. 
        AP-Mt. Vernon LLC 

        18. 
        AP-Palmdale Place LLC 

        19. 
        AP-Sierra LLC 

        20. 
        AP-Farrell Ramon LLC 

        21. 
        AP-Transpark Office LLC 

        22. 
        AP-Upland LLC 

        23. 
        AP-Upland Freeway Center LLC 

        24. 
        AP-Victorville – Jasmine LLC 

        25. 
        AP-Victorville – Village LLC 

        26. 
        AP-Victorville – Office LLC 

	Date of Mortgage Loan:	February 6, 2018
	Date of Notes:	February 6, 2018
	Original Principal Amount of Mortgage Loan:	$229,300,000
	Principal Amount of Mortgage Loan as of the date hereof:	$229,300,000
	Note A-1-1 Principal Balance:	$50,000,000

 

 

    A-1 

    

     

	Note A-1-2 Principal Balance:	$35,000,000
	Note A-1-3 Principal Balance:	$15,000,000
	Note A-1-4 Principal Balance:	$37,580,000
	Note A-2-1 Principal Balance:	$45,000,000
	Note A-2-2 Principal Balance:	$46,720,000
	Location of Mortgaged Property:	Various locations
	Initial Maturity Date:	February 6, 2028

 

    A-2 

    

     

EXHIBIT B

 

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

 

Citi Real Estate Funding Inc.

390 Greenwich Street, 5th Floor 

New York, New York 10013 

Attention: Paul Vanderslice 

Facsimile number: (212) 723-8599

 

with copies to:

 

Citi Real Estate Funding Inc. 

390 Greenwich Street, 7th Floor 

New York, New York 10013 

Attention: Richard Simpson 

Facsimile number: (646) 328-2943

 

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

 

and

 

Citi Real Estate Funding Inc. 

388 Greenwich Street, 17th Floor 

New York, New York 10013 

Attention: Ryan M. O’Connor 

Facsimile number: (646) 862-8988

 

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

 

2.     Initial Note A-1-4 Holder:

 

Cantor Commercial Real Estate Lending, L.P.

110 East 59th Street

New York, New York 10022

Attention: Legal Department

Facsimile number: (212) 610-3623

E-mail: legal@ccre.com

 

with a copy to:

 

Cadwalader, Wickersham & Taft LLP

200 Liberty Street

New York, New York 10281

Attention: Lisa Pauquette, Esq.

Facsimile No.: (212) 504 6666

E-mail: lisa.pauquette@cwt.com

 

    B-1 

    

     

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

 

Barclays Bank PLC 

745 Seventh Avenue

New York, New York 10019

Attention: Sabrina Khabie

 

    B-2 

    

     

EXHIBIT C

PERMITTED FUND MANAGERS

 

	 	1.	Westbrook Partners

 

	 	2.	DLJ Real Estate Capital Partners

 

	 	3.	iStar Financial Inc.

 

	 	4.	Capital Trust, Inc.

 

	 	5.	Lend-Lease Real Estate Investments

 

	 	6.	Archon Capital, L.P.

 

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

 

	 	8.	The Blackstone Group International Ltd.

 

	 	9.	Apollo Real Estate Advisors

 

	 	10.	Colony Capital, LLC

 

	 	11.	Praedium Group

 

	 	12.	JER Partners

 

	 	13.	Fortress Investment Group LLC

 

	 	14.	Lone Star Funds

 

	 	15.	Clarion Partners

 

	 	16.	Walton Street Capital, L.L.C.

 

	 	17.	Starwood Property Trust, Inc.

 

	 	18.	BlackRock, Inc.

 

	 	19.	Rialto Capital Management, LLC

 

	 	20.	Rialto Capital Advisors, LLC

 

	 	21.	Raith Capital Partners, LLC

 

	 	22.	Eightfold Real Estate Capital, L.P.

 

	 	23.	KKR Real Estate Manager Finance LLC

 

 

    C-1Exhibit 4.8

 

EXECUTION VERSION 

	 

 

 

Cross Point

 

CO-LENDER AGREEMENT

 

Dated as of January 25, 2018

 

between

 

CANTOR COMMERCIAL REAL ESTATE LENDING, L.P. 

(Note A-1 Holder)

 

CANTOR COMMERCIAL REAL ESTATE LENDING, L.P. 

(Note A-2 Holder)

 

CANTOR COMMERCIAL REAL ESTATE LENDING, L.P. 

(Note A-3 Holder)

 

CANTOR COMMERCIAL REAL ESTATE LENDING, L.P. 

(Note A-4 Holder)

 

STARWOOD MORTGAGE CAPITAL LLC 

(Note A-5 Holder)

 

STARWOOD MORTGAGE CAPITAL LLC 

(Note A-6 Holder)

 

CANTOR COMMERCIAL REAL ESTATE LENDING, L.P. 

(Note A-7 Holder)

 

CANTOR COMMERCIAL REAL ESTATE LENDING, L.P. 

(Note A-8 Holder)

 

CANTOR COMMERCIAL REAL ESTATE LENDING, L.P. 

(Note A-9 Holder)

 

and

 

CANTOR COMMERCIAL REAL ESTATE LENDING, L.P. 

(Note A-10 Holder)

 

	 

 

 

 

     

     

     

TABLE OF CONTENTS

 

 

	 	 	Page
	 	 	 
	1.	Definitions; Conflicts	3
	2.	Servicing of the Mortgage Loan	16
	3.	Priority of Notes	17
	4.	Workout	18
	5.	Accounts; Payment Procedure	18
	6.	Limitation on Liability	18
	7.	Representations of the Holders	19
	8.	Independent Analyses of each Holder	20
	9.	No Creation of a Partnership or Exclusive Purchase Right	20
	10.	Not a Security	20
	11.	Other Business Activities of the Holders	20
	12.	Transfer of Notes	20
	13.	Exercise of Remedies by the Servicer	23
	14.	Rights of the Directing Holder	25
	15.	Appointment of Special Servicer	26
	16.	Rights of the Non-Directing Holders	26
	17.	Advances; Reimbursement of Advances	27
	18.	Provisions Relating to Securitization	28
	19.	Governing Law; Waiver of Jury Trial	34
	20.	Modifications	34
	21.	Successors and Assigns; Third Party Beneficiaries	35
	22.	Counterparts	35
	23.	Captions	35
	24.	Notices	35
	25.	Custody of Mortgage Loan Documents	35

 

 

    -i- 

     

     

THIS CO-LENDER AGREEMENT
(the “Agreement”), dated as of January 25, 2018, is between CANTOR COMMERCIAL REAL ESTATE LENDING, L.P.,
a Delaware limited partnership (“CCRE”), having an address at 110 East 59th Street, New York, New York 10022,
as the holder of Note A-1 (in such capacity, the “Note A-1 Holder”), CCRE, as the holder of Note A-2 (in such
capacity, the “Note A-2 Holder”), CCRE, as the holder of Note A-3 (in such capacity, the “Note A-3
Holder”), CCRE, as the holder of Note A-4 (in such capacity, the “Note A-4 Holder”), Starwood
Mortgage Capital LLC, a Delaware limited liability company (“Starwood”), having an address at 4064
Colony Road, Charlotte, North Carolina 28211, as the holder of Note A-5 (in such capacity, the “Note A-5 Holder”),
Starwood, as the holder of Note A-6 (in such capacity, the “Note A-6 Holder”), CCRE, as the holder of Note A-7
(in such capacity, the “Note A-7 Holder”), CCRE, as the holder of Note A-8 (in such capacity, the “Note
A-8 Holder”), CCRE, as the holder of Note A-9 (in such capacity, the “Note A-9 Holder”) and CCRE,
as the holder of Note A-10 (in such capacity, the “Note A-10 Holder”).

 

W I T N E S S E T H:

 

WHEREAS, CCRE has made a
mortgage loan in the original principal amount of $150,000,000 (the “Mortgage Loan”) to CH LH CrossPoint Owner
LLC (together with its permitted successors and assigns, the “Borrower”) pursuant to a loan agreement between
the Borrower, as borrower, and CCRE, as lender, dated as of January 16, 2018 (the “Loan Agreement”);

 

WHEREAS, the Mortgage Loan
is evidenced by ten promissory notes and the Mortgage Loan Borrower has executed and delivered to CCRE (i) one promissory note
in the original principal amount of $30,000,000 (“Note A-1”) made by the Mortgage Loan Borrower in favor of
the Note A-1 Holder, (ii) one promissory note in the original principal amount of $25,000,000 (“Note A-2”) made
by the Mortgage Loan Borrower in favor of the Note A-2 Holder, (iii) one promissory note in the original principal amount of $20,000,000
(“Note A-3”) made by the Mortgage Loan Borrower in favor of the Note A-3 Holder, (iv) one promissory note in
the original principal amount of $20,000,000 (“Note A-4”) made by the Mortgage Loan Borrower in favor of the
Note A-4 Holder, (v) one promissory note in the original principal amount of $15,000,000 (“Note A-5”) made by
the Mortgage Loan Borrower in favor of CCRE, (vi) one promissory note in the original principal amount of $10,000,000 (“Note
A-6”) made by the Mortgage Loan Borrower in favor of CCRE, (vii) one promissory note in the original principal amount
of $10,000,000 (“Note A-7”) made by the Mortgage Loan Borrower in favor of the Note A-7 Holder, (viii) one promissory
note in the original principal amount of $10,000,000 (“Note A-8”) made by the Mortgage Loan Borrower in favor
of the Note A-8 Holder, (ix) one promissory note in the original principal amount of $5,000,000 (“Note A-9”)
made by the Mortgage Loan Borrower in favor of the Note A-9 Holder and (x) one promissory note in the original principal amount
of $5,000,000 (“Note A-10” and together with Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6, Note
A-7, Note A-8 and Note A-9, the “Notes”), made by the Mortgage Loan Borrower in favor of the Note A-10 Holder;

 

WHEREAS, the Mortgage Loan is secured by a first
mortgage lien (the “Mortgage”) on the property known as the CrossPoint Towers (the “Mortgaged Property”);

 

 

     

     

     

WHEREAS, on or before the
date hereof, CCRE sold, transferred and assigned its right, title and interest in and to all of Note A-5 and Note A-6 (the “Starwood
Notes”) to Starwood;

 

WHEREAS, CCRE intends (but
is not bound) to sell, transfer and assign its right, title and interest in and to Note A-2, Note A-3 and Note A-9 to UBS Commercial
Mortgage Securitization Corp. (“UBS Depositor”) as depositor, pursuant to a Mortgage Loan Purchase Agreement,
to be dated on or before February 27, 2018, by and between UBS Depositor, as purchaser, and CCRE, as seller, and UBS Depositor
intends to transfer its right, title and interest in and to Note A-2, Note A-3 and Note A-9 to Wells Fargo Bank, National Association,
as trustee for the UBS Commercial Mortgage Trust 2018-C8 pursuant to a pooling and servicing agreement, to be dated as of February
1, 2018 (the “Note A-2 PSA”), between UBS Depositor, Midland Loan Services, a Division of PNC Bank, National
Association, as master servicer and as special servicer, Wells Fargo Bank, National Association, as trustee and as certificate
administrator, paying agent and custodian and Park Bridge Lender Services LLC, as operating advisor and asset representations reviewer
(such sales, transfers and assignments, the “Note A-2 Securitization”);

 

WHEREAS, the Note A-1 Holder,
the Note A-4 Holder, the Note A-7 Holder, the Note A-8 Holder and the Note A-10 Holder or their respective Affiliates may Pledge
(as defined in Section 12(d)) their respective Notes to Metropolitan Life Insurance Company (“MetLife”) and/or
sell, transfer and assign all or a portion of its right, title and interest in and to their respective Notes to one or more depositors
who will in turn transfer the same to one or more trusts as part of the securitization of one or more mortgage loans;

 

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

 

WHEREAS, the Note A-4 Holder,
the Note A-7 Holder, the Note A-8 Holder and the Note A-10 Holder each intends (but is not bound) to sell, transfer and assign
its right, title and interest in and to all or a portion of its respective Note to one or more depositors who will in turn sell,
transfer and assign the same to one or more trusts as part of the securitization of one or more mortgage loans (each such set of
sales, transfers and assignments to a Securitization, a “CCRE Securitization”);

 

WHEREAS, Starwood intends
(but is not bound) to sell, transfer and assign its right, title and interest in and to all or a portion of the Starwood Notes
to one or more depositors who will in turn sell, transfer and assign the same to one or more trusts as part of the securitization
of one or more mortgage loans (each such set of sales, transfer and assignments to a Securitization, a “Starwood Securitization”
and, together with the CCRE Securitizations, each, an “Other Securitization”).

 

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

 

 

     -2-

     

     

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

 

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

 

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

 

“Advance”
shall mean any P&I Advance or Property Advance made with respect to any of the Notes, the Mortgage Loan or the Mortgaged Property
pursuant to a PSA.

 

“Affiliate”
shall mean, with respect to any specified Person, any other Person controlling or controlled by or under common control with such
specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means
the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting
securities, by contract or otherwise, and the terms “controlling” and “controlled” have meanings correlative
to the foregoing.

 

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

 

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

 

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

 

“Borrower Party
Affiliate”: With respect to a borrower, a mortgagor, a manager of a Mortgaged Property or a restricted mezzanine holder,
(a) any other person controlling or controlled by or under common control with such borrower, mortgagor, manager or restricted
mezzanine holder, as applicable, (b) any other person owning, directly or indirectly, 25% or more of the beneficial interests in
such borrower, mortgagor or manager, as applicable, or (c) any other person owning, directly or indirectly 25% or more of the beneficial
interests in such restricted mezzanine holder. For the purposes of this definition, “control” when used with respect
to any specified person means the power to direct the management and policies of such person, directly or indirectly, whether through
ownership of voting securities, by contract or otherwise and the terms “controlling” and “controlled” have
meanings correlative to the foregoing.

 

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

 

 

     -3-

     

     

“CCRE”
shall mean Cantor Commercial Real Estate Lending, L.P. and its successors in interest.

 

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

 

“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).

 

“Certificates”
shall mean any securities issued in connection with a Securitization.

 

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

 

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

 

“Commission”
shall have the meaning set forth in Section 18(d)(v)

 

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

 

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

 

“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, with respect to any Securitization, the depositor under the related PSA.

 

“Designated Holder”
shall mean the Holder of Note A-1.

 

“Directing Holder”
shall mean the Note A-1 Holder or, if Note A-1 is included in a Securitization, the holders of the Note A-1 Securitization 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

 

     -4-

     

     

grants the right to exercise the rights granted
to the Directing Holder in this Agreement; provided, that no Borrower, property manager or Borrower Party Affiliate thereof
shall be entitled to act as Directing Holder.

 

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

 

“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 holder(s) of any one or more of the Notes, as the context indicates.

 

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

 

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

 

“Lead Note”
shall mean a Note held by the Lead Securitization.

 

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

 

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

 

 

     -5-

     

     

“Lead Securitization
PSA” shall mean (a) during the period from and after the Note A-2 Securitization Date and prior to the Note A-1 Securitization
Date, the Note A-2 PSA and (b) from and after the Note A-1 Securitization Date, the Note A-1 PSA.

 

“Lead Securitization
Trust” shall mean (a) during the period from and after the Note A-2 Securitization Date and prior to the Note A-1 Securitization
Date, the trust established under the Note A-2 PSA in connection with the Note A-2 Securitization and (b) from and after the Note
A-1 Securitization Date, the trust established under the Note A-1 PSA.

 

“Lead Servicer”
shall mean (a) during the period from and after the Note A-2 Securitization Date and prior to the Note A-1 Securitization Date,
the master servicer designated under the Note A-2 PSA and (b) from and after the Note A-1 Securitization Date, the master servicer
designated under the Note A-1 PSA.

 

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

 

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

 

“Major Action”
shall have the meaning assigned to the term “Material Action,” “Major Action,” “Major Decision”
or any equivalent term in the Servicing Agreement.

 

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

 

“Master Servicer
Remittance Date” shall mean:

 

(a)        during
the period after the Note A-2 Securitization Date but prior to the Note A-1 Securitization Date:

 

(i)          with
respect to Note A-2, Note A-3 and Note A-9 the “Master Servicer Remittance Date” (or analogous term) as defined in
the Note A-2 PSA, and

 

(ii)         with
respect to each other Note, the earlier of (1) the date set forth in clause (i) above or (2) the first Business Day after the “determination
date,” as such term or a similar term is defined in the related PSA for any Note that has been securitized, provided, however,
that in no event may any such “determination date” occur prior to (and any such otherwise earlier “determination
date” shall, for purposes of this definition, be deemed to occur on) the sixth day of each month or, if such sixth day is
not a Business Day, the next succeeding Business Day;

 

(b)        after
the Note A-1 Securitization Date:

 

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

 

 

     -6-

     

     

(ii)         with
respect to Note A-2, Note A-3 and Note A-9, 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 in no event may any such “determination
date” occur prior to (and any such otherwise earlier “determination date” shall, for purposes of this definition,
be deemed to occur on) the sixth day of each month or, if such sixth day is not a Business Day, the next succeeding Business Day;
and

 

(iii)        with
respect to each other Note, 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 similar term
is defined in the related PSA, provided, however, that in no event may any such “determination date”
occur prior to (and any such otherwise earlier “determination date” shall, for purposes of this definition, be deemed
to occur on) the sixth day of each month or, if such sixth day is not a Business Day, the next succeeding Business Day.

 

For the avoidance of doubt,
any late collections received by the Master Servicer after the related due date under the Mortgage Loan shall be remitted by the
Master Servicer in accordance with Section 18(d)(vii) below.

 

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

 

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

 

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

 

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

 

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

 

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

 

“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 evidencing or securing 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.

 

 

     -7-

     

     

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

 

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

 

“Non-Directing Holders”
shall mean the holders of all or a portion of each Note (other than Note A-1) or, if all or a portion of a Note 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 each related PSA to exercise the rights granted to the Non-Directing Holders in this Agreement.

 

“Non-Lead Master
Servicer” shall mean (i) with respect to Note A-4, Note A-5, Note A-6, Note A-7, Note A-8, Note A-10 and each related
PSA, the master servicer designated under each related PSA and (ii) from and after the Note A-1 Securitization, with respect to
Note A-2, Note A-3, Note A-9 and the Note A-2 PSA, the master servicer designated under the Note A-2 PSA.

 

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

 

“Non-Lead Note Holders”
shall mean the holders of the Non-Lead Notes (other than a Non-Lead Note that is included in the Lead Securitization).

 

“Non-Lead Securitization”
shall mean, at any time, each Securitization that is not then the Lead Securitization.

 

“Non-Lead Servicing
Agreements” shall mean (a) during the period prior to the Note A-1 Securitization Date, the Note A-4 PSA, the Note A-5
PSA, the Note A-6 PSA, the Note A-7 PSA, the Note A-8 PSA and the Note A-10 PSA and (b) from and after the Note A-1 Securitization
Date, the Note A-2 PSA, the Note A-4 PSA, the Note A-5 PSA, the Note A-6 PSA, the Note A-7 PSA, the Note A-8 PSA and the Note A-10
PSA.

 

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

 

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

 

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

 

“Note A-1 Master
Servicer” shall mean the master servicer of the Mortgage Loan 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.

 

 

     -8-

     

     

“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 have the meaning assigned to such term in the recitals.

 

“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 of the Mortgage Loan under 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 to such term in the recitals.

 

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

 

“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 have the meaning assigned to such term in the recitals.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Note A-4 Principal
Balance” shall mean, at any time of determination, the initial Note A-4 Principal Balance as set forth in the Mortgage
Loan Schedule less any payments of

 

     -9-

     

     

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

 

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

 

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

 

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

 

“Note A-6”
shall have the meaning assigned to such term in the recitals.

 

“Note A-6 Holder”
shall mean CCRE or any subsequent holder of Note A-6.

 

“Note A-6 Principal
Balance” shall mean, at any time of determination, the initial Note A-6 Principal Balance as set forth in the Mortgage
Loan Schedule less any payments of principal thereon received by the Note A-6 Holder and any reductions in such amount pursuant
to Section 4.

 

“Note A-7”
shall have the meaning assigned to such term in the recitals.

 

“Note A-7 Holder”
shall mean CCRE or any subsequent holder of Note A-7.

 

“Note A-7 Principal
Balance” shall mean, at any time of determination, the initial Note A-7 Principal Balance as set forth in the Mortgage
Loan Schedule less any payments of principal thereon received by the Note A-7 Holder and any reductions in such amount pursuant
to Section 4.

 

“Note A-8”
shall have the meaning assigned to such term in the recitals.

 

“Note A-8 Holder”
shall mean CCRE or any subsequent holder of Note A-8.

 

“Note A-8 Principal
Balance” shall mean, at any time of determination, the initial Note A-8 Principal Balance as set forth in the Mortgage
Loan Schedule less any payments of principal thereon received by the Note A-8 Holder and any reductions in such amount pursuant
to Section 4.

 

“Note A-9”
shall have the meaning assigned to such term in the recitals.

 

“Note A-9 Holder”
shall mean CCRE or any subsequent holder of Note A-9.

 

“Note A-9 Principal
Balance” shall mean, at any time of determination, the initial Note A-9 Principal Balance as set forth in the Mortgage
Loan Schedule less any payments of principal thereon received by the Note A-9 Holder and any reductions in such amount pursuant
to Section 4.

 

“Note A-10”
shall have the meaning assigned to such term in the recitals.

 

 

     -10-

     

     

“Note A-10 Holder”
shall mean CCRE or any subsequent holder of Note A-10.

 

“Note A-10 Principal
Balance” shall mean, at any time of determination, the initial Note A-10 Principal Balance as set forth in the Mortgage
Loan Schedule less any payments of principal thereon received by the Note A-10 Holder and any reductions in such amount pursuant
to Section 4.

 

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

 

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

 

“P&I Advance”
shall mean an advance made by a party to any PSA 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 Qualified Transferee or any other nationally-recognized manager of investment funds investing in debt or equity interests
relating to commercial real estate, (ii) investing through one or more funds with committed capital of at least $250,000,000 and
(iii) not subject to a proceeding, whether voluntary or involuntary, relating to the bankruptcy, insolvency, reorganization or
relief of debtors.

 

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

 

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

 

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

 

 

     -11-

     

     

“PSA”
shall mean each “pooling and servicing agreement” entered into in connection with each related Securitization.

 

“Qualified Servicer”
shall mean any nationally recognized commercial mortgage loan servicer (1) rated at least “CSS3,” in the case of a
special servicer, or at least “CMS2,” in the case of a master servicer, by Fitch, (2) on the S&P Select Servicer
List as a U.S. Commercial Mortgage Master Servicer or a U.S. Commercial Mortgage Special Servicer, as applicable, (3) as to which
neither Moody’s nor KBRA has cited servicing concerns of such servicer as the sole or material factor in any qualification,
downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation of a ratings downgrade or withdrawal)
of securities in any CMBS transaction rated by Moody’s or KBRA, as applicable, and serviced by such servicer prior to the
time of determination, (4) that (i) is then acting 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, such servicer is then acting as servicer or special
servicer, as applicable, in a commercial mortgage loan securitization 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 any Holder of a Note (or an Affiliate of any such entity) or one or more of the following (other than a Borrower or
any entity which is a Borrower Party Affiliate):

 

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

 

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

 

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

 

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

 

(v)         a
Qualified Trustee (or, in the case of a CLO, a single purpose bankruptcy-remote entity that contemporaneously pledges its interest
in a Note to

 

     -12-

     

     

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 of the Rating Agencies that also assigned a rating to one or more classes of securities issued
in connection with the Securitization of a Note; (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 $650,000,000 in total assets (in name or under management) and (except with respect
to a pension advisory firm or similar fiduciary) at least $250,000,000 in capital/statutory surplus or shareholders’ equity,
and is regularly engaged in the business of making or owning commercial real estate loans or commercial loans similar to the Mortgage
Loan.

 

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

 

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

 

“Rating Agency Confirmation”
shall mean each of the applicable Rating Agencies shall have confirmed in writing that the occurrence of the event with respect
to which such

 

     -13-

     

     

Rating Agency Confirmation is sought shall
not result in a downgrade, qualification or withdrawal of the applicable rating or ratings ascribed by such Rating Agency to any
of the Certificates then outstanding. In the event that no Certificates are outstanding, any action that would otherwise require
a Rating Agency Confirmation shall require the consent of the Designated 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 each PSA, 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.

 

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

 

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

 

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

 

“Securitization”
shall mean the Note A-1 Securitization, the Note A-2 Securitization and/or any Other Securitization that includes one or more Notes.

 

“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 (a) during the period prior to the Note A-1 Securitization Date, the Note A-2 PSA and (b) from and after the Note A-1
Securitization Date, the Note A-1 PSA. In the event that the Lead Note is no longer in a Securitization the term “Servicing
Agreement” shall refer to the subsequent servicing agreement entered into pursuant to Section 2.

 

 

     -14-

     

     

“Servicing Fee”
shall mean the fee of the Master Servicer pursuant to the terms of the Servicing Agreement, which will generally be calculated
as the product of (i) the Servicing Fee Rate and (ii) the 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 Standard”
shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.

 

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

 

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

 

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

 

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

 

“Starwood”
shall mean Starwood Mortgage Capital LLC and its successors in interest.

 

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

 

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

 

“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 any PSA, as the context requires.

 

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

 

 

     -15-

     

     

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 by the Master Servicer and the Special Servicer under the Servicing Agreement in effect at
any given time.

 

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

 

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

 

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

 

(e)        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.

 

(f)         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

 

     -16-

     

     

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.

 

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

 

3.          Priority
of Notes. The Notes shall be of equal priority, and no portion of any Note shall have priority or preference over any portion
of any other Note or security therefor. Except for the Excluded Amounts, all amounts tendered by the Borrower or otherwise available
for payment on the Mortgage Loan, whether received in the form of Monthly Payments, a balloon payment, Liquidation Proceeds, proceeds
under any guaranty, letter of credit or other instrument serving as security on the Mortgage Loan, proceeds under title, hazard
or other insurance policies or awards or settlements in respect of condemnation proceedings or similar exercise of the power of
eminent domain shall be distributed by the Master Servicer and applied to the Notes 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 and reimbursement of Property Advances, (ii)
to pay the parties to any Securitization for interest accrued on any P&I Advance, (iii) to pay certain other expenses incurred
with respect to the Mortgage Loan and (iv) to pay to the Master Servicer and/or the Special Servicer as additional servicing compensation,
except that, for so long as Note A-1 is not included in a Securitization, any Penalty Charges, that are not applied pursuant to
clauses (i)-(iii) above shall be remitted to the Holder of Note A-1 and shall not be paid to the Master Servicer and/or the Special
Servicer without the express consent of such Holder.

 

 

     -17-

     

     

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

 

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 Holders 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 any Note by wire transfer to accounts maintained by the related Holder; provided
that any late collections received by the Master Servicer after the related due date under the Mortgage Loan shall be remitted
by the Master Servicer in accordance with Section 18(d)(vii) of this Agreement.

 

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

 

6.          Limitation
on Liability. Subject to the terms of the Servicing Agreement, no Holder (including the Master Servicer or the Special Servicer
on its behalf) shall have any liability to any other Holder with respect to any Note, except (1) with respect to the Advance

 

     -18-

     

     

reimbursement provisions set forth in Section
17 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. Each of the Holders hereby represents and warrants to, and covenants with each other Holder that, as of the
date hereof (or, in connection with a new Holder of a Note following a Transfer, as of the date of such Transfer):

 

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

 

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

 

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

 

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

 

(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.

 

 

     -19-

     

     

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

 

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 Holders the opportunity to purchase notes or interests
relating to any future loans originated by such Holder or any of its Affiliates, and if any Holder chooses to offer to any of the
other Holders, the opportunity to purchase notes or interests in any future mortgage loans originated by such Holder or its Affiliates,
such offer shall be at such purchase price and interest rate as such Holder chooses, in its sole and absolute discretion. None
of the Holders shall have any obligation whatsoever to purchase from any other Holder any notes or interests in any future loans
originated by any other Holder or any of its Affiliates.

 

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

 

11.        Other
Business Activities of the Holders. Each Holder acknowledges that the other Holders may make loans or otherwise extend credit
to, and generally engage in any kind of business with, any Borrower Party Affiliate, and receive payments on such other loans or
extensions of credit to any Borrower Party Affiliate 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 agrees it shall not Transfer more
than 49% (in the aggregate) of its beneficial interest in its Note, except to a Qualified Transferee, unless (i) prior to a Securitization
of any Note, the other Holders have consented to such Transfer, in which case the related transferee (and its Affiliates) shall
thereafter be deemed to be a “Qualified Transferee” for all purposes under this Agreement, (ii) after a Securitization
of

 

     -20-

     

     

any Note, a Rating Agency Confirmation has
been received with respect to such Transfer, in which case the related transferee shall thereafter be deemed to be a “Qualified
Transferee” for all purposes under this Agreement, or (iii) such Transfer is in connection with a sale by a Securitization
Trust; provided that if such Transfer is a Transfer of the Lead Note, such Transfer is to a Qualified Transferee. With respect
to any Transfers pursuant to (i) or (ii) above (except with respect to a Transfer to a Securitization Trust) such transferee must
(x) assume in writing the obligations of the transferring Holder hereunder and agree to be bound by the terms and provisions of
this Agreement and, if applicable, the Servicing Agreement and (y) remake each of the representations and warranties contained
herein for the benefit of the other Holders. Notwithstanding the foregoing, without the non-transferring Holder’s prior consent
(which will not be unreasonably withheld), and, if such non-transferring Holder’s Note is in a Securitization, without a
Rating Agency Confirmation from each Rating Agency that has been engaged by the Depositor to rate the securities issued in connection
with such Securitization, no Holder shall Transfer all or any portion of its Note to a Borrower or a Borrower Party Affiliate and
any such Transfer shall be absolutely null and void and shall vest no rights in the purported transferee. None of the provisions
of this Section 12(a) shall apply in the case of a sale of all of the Notes together, in accordance with the terms and conditions
of the Lead Securitization PSA.

 

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

 

(c)        The
Holders acknowledge and agree that, to the extent specifically required, any Rating Agency Confirmation may be granted or denied
by the Rating Agencies in their sole and absolute discretion and that such Rating Agencies may charge the transferring 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 a Borrower or any Borrower Party Affiliate) that has extended a credit facility to such Holder or has entered into
a repurchase agreement with such Holder and that, in each case, is either a Qualified Transferee or a financial institution whose
long-term unsecured debt is rated at least “A” (or the equivalent) or better by each Rating Agency (a “Note
Pledgee”), or to a Person with respect to which a Rating Agency Confirmation has been obtained, on terms and conditions
set forth in this Section 12(d), it being further agreed that a financing provided by a Note Pledgee to any Holder or any
Affiliate that controls such Holder that is secured by such Holder’s interest in its respective Note and is structured as
a repurchase arrangement, shall qualify as a “Pledge” hereunder on the condition that all applicable terms and conditions
of this Section 12 are complied with. A Note Pledgee that is not a Qualified Transferee may not take title to a Note without
a Rating Agency Confirmation. Upon written notice, if any, by the pledging Holder to the other Holders and the Servicer that a
Pledge has been effected (including the name and address of the applicable Note Pledgee), the other Holders agree to acknowledge
receipt of such notice and thereafter agree: (i) to give such Note Pledgee written notice of any default by the pledging Holder
in respect of its obligations under this Agreement of which default such Holder has actual knowledge and

 

     -21-

     

     

which notice shall be given simultaneously
with the giving of such notice to the pledging Holder; (ii) to allow such Note Pledgee a period of ten (10) Business Days to cure
a default by the pledging Holder in respect of its obligations to the other Holders hereunder, but such Note Pledgee shall not
be obligated to cure any such default; (iii) that no amendment, modification, waiver or termination of this Agreement or the Servicing
Agreement (if the pledging Holder had the right to consent to such amendment, modification, waiver or termination pursuant to the
terms hereof) shall be effective against such Note Pledgee without the written consent of such Note Pledgee, which consent shall
not be unreasonably withheld, conditioned or delayed and which consent shall be deemed to be given if Note Pledgee shall fail to
respond to any request for consent to any such amendment, modification, waiver or termination within 10 days after request therefor;
(iv) that the other Holders shall accept any cure by such Note Pledgee of any default of the pledging Holder which such pledging
Holder has the right to effect hereunder, as if such cure were made by such pledging Holder; (v) that the other Holders or Servicer
shall deliver to Note Pledgee such estoppel certificate(s) as Note Pledgee shall reasonably request, provided that any such
certificate(s) shall be in a form reasonably satisfactory to the other Holders; and (vi) that, upon written notice (a “Redirection
Notice”) to the Servicer by such Note Pledgee that the pledging Holder is in default beyond any applicable cure periods
with respect to the pledging Holder’s obligations to such Note Pledgee pursuant to the applicable credit agreement or other
agreements relating to the Pledge between the pledging Holder and such Note Pledgee (which notice need not be joined in or confirmed
by the pledging Holder), and until such Redirection Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee (or at
any time that pledging Holder otherwise directs that such payment be made to Note Pledgee pursuant to a separate notice) shall
be entitled to receive any payments that any Servicer would otherwise be obligated to make to the pledging Holder from time to
time pursuant to this Agreement or any Servicing Agreement. Any pledging Holder hereby unconditionally and absolutely releases
the other Holders and any Servicer from any liability to the pledging Holder on account of any Holder’s or Servicer’s
compliance with any Redirection Notice believed by any Servicer or other Holders in good faith to have been delivered by a Note
Pledgee. Note Pledgee shall be permitted to exercise fully its rights and remedies against the pledging Holder (and accept an assignment
in lieu of foreclosure as to such collateral), in accordance with applicable law, the pledge agreement, repurchase agreement or
similar agreement between the pledging Holder and the Note Pledgee and this Agreement. In such event, or if the pledging holder
otherwise assigns its interests to the Note Pledgee, the other Holders and the Servicer shall recognize such Note Pledgee (and
any transferee (other than a Borrower or any Borrower Party Affiliate) that is also a Qualified Transferee at any foreclosure or
similar sale held by such Note Pledgee or any transfer in lieu of foreclosure), and such Person’s successor and assigns,
as the successor to the pledging Holder’s rights, remedies and obligations under this Agreement, and any such Note Pledgee
or Qualified Transferee shall assume in writing the obligations of the pledging Holder hereunder accruing from and after such Transfer
(i.e., realization upon the collateral by such Note Pledgee) and agrees to be bound by the terms and provisions of this
Agreement. The rights of a Note Pledgee under this Section 12(d) shall remain effective as to any Holder (and any Servicer) unless
and until such Note Pledgee shall have notified such Holder (and any Servicer, as applicable) in writing that its interest in the
pledged Note has terminated.

 

(e)        The
parties hereto acknowledge that (i) the contemplated sale of Note A-1, Note A-4, Note A-7, Note A-8 and Note A-10 under the terms
of the Amended and Restated Master Repurchase Agreement, dated as of June 29, 2015, between CCRE, as seller, and

 

     -22-

     

     

MetLife, as buyer,
qualifies as a “Pledge” hereunder and MetLife is a Qualified Transferee, (ii) all of the terms of this Section 12
have been satisfied with respect to such Pledge, and (iii) MetLife qualifies as a “Note Pledgee” and is entitled to
all of the rights, privileges and benefits afforded to a Note Pledgee hereunder. In addition, while the Pledge to MetLife of Note
A-1, Note A-4, Note A-7, Note A-8 and/or Note A-10 (as applicable) is in effect, MetLife shall have all rights as the applicable
Holder(s) under all applicable documentation and the Holders and the Master Servicer and the Special Servicer under the Servicing
Agreement shall recognize MetLife as Note A-1, Note A-4, Note A-7, Note A-8 and/or Note A-10, as applicable. Notwithstanding the
foregoing, no notice shall be required pursuant to Section 12(b) in connection with the Pledge to MetLife.

 

13.        Exercise
of Remedies by the Servicer. (a) Subject to the terms of this Agreement and the Servicing Agreement and subject to the
rights and consents, where required, of the Directing Holder, the Servicer shall have the sole and exclusive authority with respect
to the administration of, and exercise of rights and remedies with respect to, the Mortgage Loan, including, without limitation,
the sole and exclusive authority to (i) modify or waive any of the terms of the Mortgage Loan Documents, (ii) consent to any action
or failure to act by the Borrower or any party to the Mortgage Loan Documents, (iii) vote all claims with respect to the Mortgage
Loan in any bankruptcy, insolvency or other similar proceedings and (iv) to take legal action to enforce or protect 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 13(a).

 

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

 

(c)        The
Holders hereby acknowledge and agree that the Servicing Agreement shall provide that, subject to the satisfaction of the conditions
set forth in the next sentence, upon the Mortgage Loan becoming a Defaulted Mortgage Loan, if the Special Servicer determines to
sell the Defaulted Mortgage Loan (or the Lead Note), it will be required to sell the entire

 

     -23-

     

     

Defaulted Mortgage Loan as a single whole loan
(i.e., both the Lead Note and Non-Lead Notes). Any such sale of the entire Defaulted Mortgage Loan is subject to the satisfaction
of the following:

 

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

 

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

 

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

 

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

 

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

 

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

 

(d)        Notwithstanding
anything to the contrary contained herein, the exercise by the Servicer on behalf of the Holders of its rights under this Section
13 shall be subject in all respects to any section of the Servicing Agreement governing REMIC administration, and in no

 

     -24-

     

     

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(f) of this Agreement.

 

14.        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” 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.

 

(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

 

     -25-

     

     

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

 

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

 

15.        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 Holders (including, to the extent a Note is included in a Securitization,
the parties to the related PSA) a written notice stating such designation and by satisfying the other conditions required under
the Servicing Agreement (including, without limitation, a Rating Agency Confirmation, if required by the terms of the Servicing
Agreement), if any.

 

16.        Rights
of the Non-Directing Holders. (a) The Lead Securitization PSA 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 Holders (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 a

 

     -26-

     

     

Note has been included in a Non-Lead
Securitization transaction, 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,
who shall forward such notice as and when required under the terms of the related Securitization documents; and

 

(ii)          to
consult with each Non-Directing Holder on a strictly non-binding basis, if, having received such notices, information and reports,
such Non-Directing Holder requests consultation with respect to any such Major 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 such
Non-Directing Holder; provided that after the expiration of a period of ten (10) Business Days from the delivery to each
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 Holders, whether
or not the Non-Directing Holders have 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 Holders, 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 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 Holders shall have the right to annual conference
calls with the Master Servicer or the Special Servicer upon reasonable notice and at times reasonably acceptable to the Master
Servicer or the Special Servicer, as applicable, in which servicing issues related to the Mortgage Loan are discussed.

 

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

 

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

 

17.        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 a 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 a Non-Lead Note.
The Lead Servicer and/or the related Trustee will not be required to make any P&I Advance with respect to any Non-Lead Note
and the related Non-Lead Master Servicer and/or the related

 

     -27-

     

     

Trustee will not be required to make any P&I
Advance with respect to any Lead Note, any other Non-Lead Note or any Property Advance. The Lead Servicer, each Non-Lead Master
Servicer and any Trustee will be entitled to interest on any Advance made in the manner and from the sources provided in the applicable
PSA.

 

(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, each Non-Lead
Note Holder (including any Securitization into which any 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, each Non-Lead Note Holder (including any Securitization into which any Non-Lead Note is
deposited) shall promptly reimburse the Lead Servicer or the related Trustee for such 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 Collection Account with respect to the Mortgage Loan are insufficient for reimbursement
of such amounts).

 

(d)        The
parties to each 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 such PSA.

 

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

 

18.        Provisions
Relating to Securitization.

 

(a) New Notes. For so long
as a Note is not included in a Securitization, the Holder of such Note (the “Resizing Holder”) shall have the
right, subject to the terms of the Mortgage Loan Documents, to cause the Borrower to execute amended and restated notes (“Amended
Notes”) or additional notes (“New Notes”) reallocating the principal of the Note or Notes that it
owns (but in no case any Note that it does not then own) among Amended Notes and New Notes or severing a Note into one or more
further “component” notes in the aggregate principal amount equal to the then outstanding principal balance of the
Note or Notes being amended or created, provided that (i) the aggregate principal balance of the Amended Notes and New Notes
following such amendments is no greater than the principal balance of the Amended

 

     -28-

     

     

Notes and New Notes prior to such amendments,
(ii) all New Notes continue to have the same interest rate as the Amended Note of which it was a part prior to such amendments,
(iii) all New Notes pay pro rata and on a pari passu basis with the Amended Notes and such reallocated or component
notes shall be automatically subject to the terms of this Agreement and (iv) the Resizing Holder holding the New Notes shall notify
each other Holder, as applicable, and, if any other Note has been included in a securitization, the parties under each applicable
PSA, in writing (which may be by email) of such modified allocations and principal amounts. In connection with the foregoing, (1)
the Master Servicer is hereby authorized to execute amendments to the Loan Agreement and this Agreement (or to amend and restate
the Loan Agreement and this Agreement) on behalf of any or all of the Holders for the purpose of reflecting such reallocation of
principal or such severing of a Note, (2) if a Note is severed into “component” notes, such component notes shall each
have their same rights as the respective original Note, (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 and (4) if Note A-1 is severed
into “component” notes, another note (or one of the New Notes) may be substituted for Note A-1 in the definition of
“Designated Holder” and “Directing Holder” and the definitions of “Lead Note” and “Lead
Securitization” and “Non-Directing Holder” will be revised accordingly. Neither Rating Agency Confirmation nor
approval of the Directing Holder shall be required for any amendments to this Agreement required to facilitate the terms of this
Section 18(a). The Resizing Holder whose Note is being reallocated or split pursuant to this Section 18(a) shall
reimburse the other Holders for all costs and expenses incurred by the other Holders in connection with the reallocation or split.

 

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

 

(i)          the
applicable master servicer or 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;

 

(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 such 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 17, and funds received
with respect to such 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 Trustee under the Servicing Agreement, as applicable, out of general funds in the
collection account (or equivalent account) established under the related Non-Lead Servicing Agreement and (y) if the Servicing
Agreement permits the Master Servicer, Special Servicer or Trustee under the Servicing Agreement to pay itself from the Lead Securitization
Trust’s general account then the master servicer under the related Non-Lead Servicing Agreement will be required to reimburse
the Lead Securitization

 

     -29-

     

     

Trust out of general funds in the
collection account (or equivalent account) established under the related Non-Lead Servicing Agreement;

 

(iv)       each
of the Master Servicer and the Special Servicer shall be indemnified (as and to the same extent the Lead Securitization Trust is
required to indemnify each such party) against any claims, losses, penalties, fines, forfeitures, legal fees and related costs,
judgments and any other costs, liabilities, fees and expenses, incurred in connection with any PSA that relate solely to its servicing
of the Mortgage Loan, as applicable, and the master servicer under the related Non-Lead Servicing Agreement will be required to
reimburse the Master Servicer, Special Servicer or Trustee under the Servicing Agreement, as applicable, out of general funds in
the collection account (or equivalent account) established under the related 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 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 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 such Non-Lead Note and (ii) the
Special Servicer will be a third party beneficiary under the related 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 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

 

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

 

(c)        Notice
to Parties to the Lead Securitization PSA.

 

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

 

     -30-

     

      

(ii)         The
Note A-4 Holder, the Note A-5 Holder, the Note A-6 Holder, the Note A-7 Holder, the Note A-8 Holder and the Note A-10 Holder shall
provide the Depositor, the Servicer and the Special Servicer under the Lead Securitization PSA (as of the closing date of each
respective Other Securitization) (provided such party is not also a party to the related PSA) notice of the applicable Other
Securitization in writing (which may be by email) prior to or promptly following the closing date of such Other Securitization.
Such notice shall contain contact information for each of the parties to the related PSA and the identity of the Controlling Class
Representative under the related PSA. In addition, after the closing date of each respective Other Securitization, the applicable
Holder shall send a copy of the related PSA to the Depositor, the Servicer and the Special Servicer under the Lead Securitization
PSA (as of closing date of such Other Securitization) (provided such party is not also a party to the related PSA).

 

(d)        The
Lead Securitization PSA shall:

 

(i)          provide
that 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)         provide
that 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 two Business Days after such determination was made;

 

(iii)        provide
that the Master Servicer shall remit all payments received (or advanced) with respect to any 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 Holder on the applicable Master Servicer Remittance Date; provided, that any late collections received by the Master
Servicer after the related due date under the Mortgage Loan shall be remitted by the Master Servicer in accordance with Section
18(d)(vii) below;

 

(iv)        provide
that the Master Servicer agrees to make available to each master servicer under a 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)         provide
that the Master Servicer, any primary servicer, the Special Servicer and the Trustee for the Lead Securitization, 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 any 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

 

     -31-

     

     

limitation, Form 15G, Form 10K, Form
10D, Form 8K), notices, and other materials specified in each of the other Servicing Agreements as the parties to each Non-Lead
Securitization may require in order to comply with their obligations under the Securities Act of 1933, as amended, Securities Exchange
Act of 1934 (including Rule 15Ga-1), as amended, and Regulation AB, and any other applicable law. Without limiting the generality
of the foregoing, each 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 Lead Securitization PSA 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 (at the expense of
the requesting party), 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 related Non-Lead Servicing Agreements;

 

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

 

(vii)       provide
that, with respect to any/each Non-Lead Note, the Master Servicer shall withdraw from the related Collection Account and remit
to the Holder of the Non-Lead Note, within one (1) Business Day of receipt of properly identified and available 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 later collections to the Non-Lead Master Servicer within one Business
Day of receipt of properly identified and available funds but, in any event, the Master Servicer shall remit such amounts within
two Business Days of receipt of properly identified funds;

 

 

     -32-

     

     

(viii)      provide
that the Non-Lead Note Holders are intended third-party beneficiaries 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;

 

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

 

(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)       provide
that, 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 each related 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 each related 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)      provide
that “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 Holders as required, failure to
deliver (or cause to be delivered) materials or information required in order for the Non-Lead Note Holders or the depositor under
a related Non-Lead Servicing Agreement to timely comply with its obligations under the Securities Exchange Act of 1934, as amended,
the Securities Act of 1933, as amended, 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 a Non-Lead Servicing Agreement to fail to comply with the applicable provisions of such securities laws);

 

(xiv)      provide
that if a Non-Lead Note becomes the subject of an “asset review” under a Non-Lead Servicing Agreement, the applicable
parties to the Servicing Agreement are required to reasonably cooperate with the related asset representations

 

     -33-

     

     

reviewer and other applicable party
to such 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 and any such other applicable party to the Non-Lead Servicing
Agreement has not obtained such documents from the related Non-Lead Note Holder and such documents are in the possession of the
applicable party to the Servicing Agreement; and

 

(xv)       provide
that the Non-Lead Note Holders shall be entitled to the same indemnity as the Lead Note Holder under the Lead Securitization PSA
with respect to the following items; each of the Master Servicer, the Special Servicer, the Trustee, the certificate administrator,
the operating advisor, and the custodian shall be required to indemnify each certifying person and the Depositor under any Non-Lead
Servicing Agreement, and their respective directors and officers and controlling persons, to the same extent that they indemnify
the Depositor of the Lead Securitization (in its capacity as such) and each certifying person for (i) its failure to deliver the
items in clause (v) above in a timely manner, (ii) its failure to perform its obligations to such Depositor of a Non-Lead Securitization
or Trustee of a Non-Lead Securitization under the Reporting Article (or any article substantially similar thereto) of the Lead
Securitization PSA by the time required after giving effect to any applicable grace period or cure period, (iii) the failure of
any servicer or servicing function participant retained by it to perform its obligations to such Depositor of a Non-Lead Securitization
or Trustee of a Non-Lead Securitization under such the Reporting Article (or any article substantially similar thereto) of the
Lead Securitization PSA by the time required and/or (iv) any deficient Securities Exchange Act of 1934 report regarding, and delivered
by or on behalf of, such party.

 

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

 

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

 

 

     -34-

     

     

21.        Successors
and Assigns; Third Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon the parties hereto
and their respective successors and assigns. Each of the Master Servicer, Non-Lead Master 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.

 

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

 

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

 

24.        Notices. Unless
stated otherwise, 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.

 

25.        Custody
of Mortgage Loan Documents. The originals of all of the Mortgage Loan Documents (other than Note A-1, Note A-4, Note A-5, Note
A-6, Note A-7, Note A-8 and Note A-10) will be held by the Note A-2 Trustee (or by a custodian on its behalf) under the terms of
the Note A-2 PSA on behalf of all of the Holders until the Note A-1 Securitization Date, at which time the originals of all of
the Mortgage Loan Documents (other than Note A-2, Note A-3, Note A-4, Note A-5, Note A-6, Note A-7, Note A-8, Note A-9 and Note
A-10) will be transferred to and held by the Note A-1 Trustee (or by a custodian on its behalf) on behalf of all of the Holders.

 

[NO FURTHER TEXT ON THIS PAGE]

 

 

     -35-

     

     

 

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

 

 

	 	Note A-1 Holder:
	 	 
	 	CANTOR COMMERCIAL REAL ESTATE LENDING, L.P.
	 	 	 
	 	By:	/s/ Gary Stellato
	 	 	Name: Gary Stellato
	 	 	Title:   Secretary
	 	 
	 	Note A-2 Holder:
	 	 	 
	 	CANTOR COMMERCIAL REAL ESTATE LENDING, L.P.
	 	 	 
	 	By:	/s/ Gary Stellato
	 	 	Name: Gary Stellato
	 	 	Title:   Secretary
	 	 
	 	Note A-3 Holder:
	 	 	 
	 	CANTOR COMMERCIAL REAL ESTATE LENDING, L.P.
	 	 	 
	 	By:	/s/ Gary Stellato
	 	 	Name: Gary Stellato
	 	 	Title:   Secretary
	 	 	 
	 	Note A-4 Holder:
	 	 	 
	 	CANTOR COMMERCIAL REAL ESTATE LENDING, L.P.
	 	 	 
	 	By:	/s/ Gary Stellato
	 	 	Name: Gary Stellato
	 	 	Title:   Secretary

 

UBS 2018-C8: CCRE CROSS POINT CO-LENDER AGREEMENT

 

 

    	 

     

     

	 	Note A-7 Holder:
	 	 	 
	 	CANTOR COMMERCIAL REAL ESTATE LENDING, L.P.
	 	 	 
	 	By:	/s/ Gary Stellato
	 	 	Name: Gary Stellato
	 	 	Title:   Secretary
	 	 	 
	 	Note A-8 Holder:
	 	 	 
	 	CANTOR COMMERCIAL REAL ESTATE LENDING, L.P.
	 	 	 
	 	By:	/s/ Gary Stellato
	 	 	Name: Gary Stellato
	 	 	Title:   Secretary
	 	 	 
	 	Note A-9 Holder:
	 	 	 
	 	CANTOR COMMERCIAL REAL ESTATE LENDING, L.P.
	 	 	 
	 	By:	/s/ Gary Stellato
	 	 	Name: Gary Stellato
	 	 	Title:   Secretary
	 	 	 
	 	Note A-10 Holder:
	 	 	 
	 	CANTOR COMMERCIAL REAL ESTATE LENDING, L.P.
	 	 	 
	 	By:	/s/ Gary Stellato
	 	 	Name: Gary Stellato
	 	 	Title:   Secretary

 

UBS 2018-C8: CCRE CROSS POINT CO-LENDER AGREEMENT

 

 

    	 

     

     

	 	Note A-5 Holder:
	 	 	 
	 	STARWOOD MORTGAGE CAPITAL LLC
	 	 	 
	 	By:	/s/ Leslie K. Fairbanks
	 	 	Name: Leslie K. Fairbanks
	 	 	Title:   Vice President
	 	 	 
	 	Note A-6 Holder:
	 	 	 
	 	STARWOOD MORTGAGE CAPITAL LLC
	 	 	 
	 	By:	/s/ Leslie K. Fairbanks
	 	 	Name: Leslie K. Fairbanks
	 	 	Title:   Vice President

 

UBS 2018-C8: CCRE CROSS POINT CO-LENDER
AGREEMENT 

 

    	 

     

     

EXHIBIT A

 

MORTGAGE LOAN SCHEDULE

 

A.       Description of Mortgage
Loan

 

	Borrower:	CH LH CrossPoint Owner LLC
	Mortgage Loan Origination Date:	January 16, 2018
	Initial Principal Amount of Mortgage Loan:	$150,000,000
	Location of Mortgaged Property:	Lowell, MA
	Current Use of Mortgaged Property:	Office Complex
	Mortgage Interest Rate:	
        Note A-1:        4.734%

         

        Note A-2:        4.734%

         

        Note A-3:        4.734%

         

        Note A-4:        4.734%

         

        Note A-5:        4.734%

         

        Note A-6:        4.734%

         

        Note A-7:        4.734%

         

        Note A-8:        4.734%

         

        Note A-9:        4.734%

         

        Note A-10:      4.734% 

	Maturity Date:	February 6, 2028

 

 

    	A-4 

     

     

B.       Description of Notes

 

	Mortgage Loan Origination Date:	January 16, 2028
	Initial Note A-1 Principal Balance:	$30,000,000
	Initial Note A-2 Principal Balance:	$25,000,000
	Initial Note A-3 Principal Balance:	$20,000,000
	Initial Note A-4 Principal Balance:	$20,000,000
	Initial Note A-5 Principal Balance:	$15,000,000
	Initial Note A-6 Principal Balance:	$10,000,000
	Initial Note A-7 Principal Balance:	$10,000,000
	Initial Note A-8 Principal Balance:	$10,000,000
	Initial Note A-9 Principal Balance:	$5,000,000
	Initial Note A-10 Principal Balance:	$5,000,000
	Initial Note A-1 Percentage Interest:	20.00%
	Initial Note A-2 Percentage Interest:	16.67%
	Initial Note A-3 Percentage Interest:	13.33%
	Initial Note A-4 Percentage Interest:	13.33%
	Initial Note A-5 Percentage Interest:	10.00%
	Initial Note A-6 Percentage Interest:	6.67%
	Initial Note A-7 Percentage Interest:	6.67%
	Initial Note A-8 Percentage Interest:	6.67%
	Initial Note A-9 Percentage Interest:	3.33%
	Initial Note A-10 Percentage Interest:	3.33%
	Note A-1 Interest Rate:	4.734%
	Note A-2 Interest Rate:	4.734%
	Note A-3 Interest Rate:	4.734%
	Note A-4 Interest Rate:	4.734%
	Note A-5 Interest Rate:	4.734%
	Note A-6 Interest Rate:	4.734%
	Note A-7 Interest Rate:	4.734%
	Note A-8 Interest Rate:	4.734%
	Note A-9 Interest Rate:	4.734%
	Note A-10 Interest Rate:	4.734%
	Note A-1 Default Interest Rate:	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-1 Interest Rate
	Note A-2 Default Interest Rate:	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-2 Interest Rate
	Note A-3 Default Interest Rate:	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-3 Interest Rate
	Note A-4 Default Interest Rate:	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note 

 

 

    	A-5 

     

     

	 	A-4 Interest Rate
	Note A-5 Default Interest Rate:	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-5 Interest Rate
	Note A-6 Default Interest Rate:	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-6 Interest Rate
	Note A-7 Default Interest Rate:	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-7 Interest Rate
	Note A-8 Default Interest Rate:	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-8 Interest Rate
	Note A-9 Default Interest Rate:	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-9 Interest Rate
	Note A-10 Default Interest Rate:	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-10 Interest Rate

 

 

    	A-6 

     

     

EXHIBIT B

 

Holders of Note A-1, Note A-2, Note A-3, Note A-4, Note A-7, Note
A-8, Note A-9 and Note A-10:

 

Cantor Commercial Real Estate Lending,
L.P.

110 East 59th Street, 6th Floor

New York, New York 10022

Attention: Legal Department

Facsimile No.: (212) 610-3623

E-Mail: legal@ccre.com

 

with a copy to:

 

Cadwalader, Wickersham & Taft LLP

200 Liberty Street

New York, New York 10281

Attention: Lisa Pauquette, Esq.

Facsimile No.: (212) 504-6666

E-Mail: lisa.pauquette@cwt.com

 

Holders of Note A-5 and Note A-6:

 

Starwood Mortgage Capital LLC

 

4064 Colony Road, Suite 410

 

Charlotte, NC 28211

 

Attn: Leslie K. Fairbanks,

 

Executive Vice President

 

Phone: 305-695-5502

 

E-mail: lfairbanks@starwood.com

 

with a copy to:

 

Dechert LLP

 

1095 Avenue of the Americas

 

New York, New York 10036

 

Attn: Devin M. Swaney, Esq.

 

Phone: 212-698-3661

 

E-mail: devin.swaney@dechert.com

 

 

    	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.

 

KKR Real Estate Manager Finance LLC

 

Raith Capital Partners, LLC

 

Rialto Capital Management, LLC

 

Rialto Capital Advisors, LLC

 

 

    	C-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00281-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00281-of-00352.parquet"}]]