Document:

Exhibit 4.11

 

 

EXECUTION
VERSION

 

AGREEMENT BETWEEN NOTE HOLDERS

 

Dated as of June 30, 2017

 

by and between

 

MORGAN STANLEY BANK, N.A.

(Initial Note A-1 Holder and Initial Note B-1 Holder)

 

and

 

DEUTSCHE BANK AG, ACTING THROUGH ITS NEW
YORK BRANCH

(Initial Note A-2 Holder and Initial Note B-2 Holder)

 

and

 

CITIGROUP GLOBAL MARKETS REALTY CORP.

(Initial Note A-3 Holder and Initial Note B-3 Holder)

 

and

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

(Initial Note A-4 Holder and Initial Note B-4 Holder)

 

and

 

CANTOR COMMERCIAL REAL ESTATE LENDING, L.P.

(Initial CCRE Note Holder)

 

     

     

    

 

GM Building Loan

 

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TABLE OF CONTENTS

 

	 	 	Page
	 	 	 
	Section 1.	Definitions	2
	Section 2.	Servicing of the Mortgage Loan	17
	Section 3.	Priority of Payments	23
	Section 4.	Workout	28
	Section 5.	Administration of the Mortgage Loan	29
	Section 6.	Appointment of Controlling Note Holder Representative and Non-Controlling Note Holder Representative	33
	Section 7.	Appointment of Special Servicer	35
	Section 8.	Payment Procedure	36
	Section 9.	Limitation on Liability of the Note Holders	37
	Section 10.	Bankruptcy	37
	Section 11.	Representations of the Note Holders	38
	Section 12.	No Creation of a Partnership or Exclusive Purchase Right	38
	Section 13.	Other Business Activities of the Note Holders	38
	Section 14.	Sale of the Notes	39
	Section 15.	Registration of the Notes and Each Note Holder	41
	Section 16.	Governing Law; Waiver of Jury Trial	42
	Section 17.	Submission To Jurisdiction; Waivers	42
	Section 18.	Modifications	43
	Section 19.	Successors and Assigns; Third Party Beneficiaries	43
	Section 20.	Counterparts	43
	Section 21.	Captions	43
	Section 22.	Severability	44
	Section 23.	Entire Agreement	44
	Section 24.	Withholding Taxes	44
	Section 25.	Custody of Mortgage Loan Documents	45
	Section 26.	Cooperation in Securitization	45
	Section 27.	Notices	46
	Section 28.	Broker	46
	Section 29.	Certain Matters Affecting the Agent	47
	Section 30.	Resignation of Agent	47
	Section 31.	Resizing	48

  

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This AGREEMENT BETWEEN
NOTE HOLDERS, dated as of June 30, 2017 by and between MORGAN STANLEY BANK, N.A. (“MSBNA”), a national banking
association, as initial owner of Note A-1 (in such capacity, the “Initial Note A-1 Holder” and, in its capacity
as the initial agent, the “Initial Agent”) and as initial owner of Note B-1 (in such capacity, the “Initial
Note B-1 Holder”), DEUTSCHE BANK AG, ACTING THROUGH ITS NEW YORK BRANCH (“DB”), a branch of Deutsche
Bank AG, a German Bank, as initial owner of Note A-2 (in such capacity, the “Initial Note A-2 Holder”) and as
initial owner of Note B-2 (in such capacity, the “Initial Note B-2 Holder”), CITIGROUP GLOBAL MARKETS REALTY
CORP. (“CGMRC”), a New York corporation, as initial owner of Note A-3 (in such capacity, the “Initial
Note A-3 Holder”) and as initial owner of Note B-3 (in such capacity, the “Initial Note B-3 Holder”),
Wells Fargo Bank, National Association (“WFB”), a national banking association, as initial owner of Note A-4
(in such capacity, the “Initial Note A-4 Holder”) and as initial owner of Note B-4 (in such capacity, the “Initial
Note B-4 Holder” and, together with the Initial Note B-1 Holder, the Initial Note B-2 Holder and the Initial Note B-3
Holder, the “Initial Note B Holders”), and Cantor Commercial Real Estate Lending, L.P. (“CCRE”),
a Delaware limited partnership, as initial owner of the CCRE Notes (the “Initial CCRE Note Holder” and, together
with the Initial Note A-1 Holder, the Initial Note A-2 Holder, the Initial Note A-3 Holder and the Initial Note A-4 Holder, the
“Initial Note A Holders”; the Initial Note A Holders and the Initial Note B Holders 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), MSBNA, DB, CGMRC and WFB 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 a promissory note dated June 7, 2017 made by the Mortgage Loan Borrower, which was subsequently split into the promissory notes
listed under “Promissory Notes” on the Mortgage Loan Schedule pursuant to a note splitter agreement dated as of June
7, 2017 in favor of the Initial Note Holders (such promissory notes, as amended, modified, supplemented or, in accordance with
Section 31 of this Agreement, replaced, collectively, the “Notes”);

 

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 in the Mortgage Loan Agreement (collectively, the “Mortgaged Property”);

 

WHEREAS, CCRE acquired
the CCRE Notes (as defined herein) from MSBNA, DB, CGMRC and WFB prior to the date hereof; and

 

WHEREAS, each Initial
Note Holder desires to enter into this Agreement to memorialize the terms under which it, and its 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.

 

“Accepted Servicing
Practices” shall have the meaning set forth in the Lead Securitization Servicing Agreement. Accepted Servicing Practices
set forth 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 (taking into account the subordinate nature of the Junior
Notes).

 

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

 

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

 

“Advance Interest”
shall mean interest at the Advance Rate payable to the Master Servicer, the Special Servicer or the Trustee on outstanding Advances
with respect to the Mortgage Loan.

 

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

 

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

 

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

 

“Agent Office”
shall mean the designated office of the Agent, which office, as of the date of this Agreement, is the office of the Initial Note
A-1 Holder listed on Exhibit B, 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.

 

“Appraisal Reduction
Amount” shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

 

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

 

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“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.

 

“Balloon Payment”
shall mean, with respect to the Mortgage Loan, the payment of principal due on its stated maturity date.

 

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

 

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

 

“CCRE Notes”
shall mean, collectively, Note A-1-A1, Note A-2-A1, Note A-3-A1 and Note A-4-A1.

 

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

 

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

 

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

 

“CGMRC”
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.

 

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

 

“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 

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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
Class Representative” shall have the meaning assigned to the term “Controlling Class Representative” or any
analogous term in the Lead Securitization Servicing Agreement.

 

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

 

“Controlling
Note Holder” shall mean the holder of the Controlling Note; provided that at any time the Controlling Note is
included in the Lead Securitization, references to the “Controlling Note Holder” herein shall mean the Controlling
Class Representative or any other party assigned the rights to exercise the rights of the Controlling Note Holder pursuant to the
Lead Securitization Servicing Agreement; provided, that for so long as 25% or more of the Controlling Note is held by (or
the majority “controlling class” holder or other party assigned the rights to exercise the rights of the Controlling
Note Holder (as described above) is) a Mortgage Loan Borrower Party, the Controlling Note (and such party assigned the rights to
exercise the rights of the Controlling Note Holder as described above) shall not be entitled to exercise any rights of the Controlling
Note Holder, and there shall be deemed to be no Controlling Note Holder hereunder.

 

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

 

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

 

“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” as defined in the Mortgage Loan Agreement.

 

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

 

“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 CCRE
Note Holder”, “Initial Note A Holders”, “Initial Note A-1 Holder”, “Initial
Note A-2 Holder”, “Initial Note A-3 Holder”, “Initial Note A-4 Holder”, “Initial
Note B Holders”, “Initial Note B-1 Holder”, “Initial Note B-2 Holder”, “Initial
Note B-3 Holder” and “Initial Note B-4 Holder” shall each have the meaning assigned to such term in
the preamble to this Agreement.

 

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“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 and “Mortgaged Property” shall refer to
the related mortgaged property owned by the related Mortgage Loan Borrower entity.

 

“Interest Rate”
shall mean, with respect to any Note, the corresponding interest rate set forth on the Mortgage Loan Schedule.

 

“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.

 

“Junior Notes”
shall mean Note B-1, Note B-2, Note B-3 and Note B-4.

 

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

 

“Lead Securitization”
shall mean the Securitization of Note A-1-S in a Securitization Trust to be designated by the Initial Note A-1 Holder.

 

“Lead Securitization
Note(s)” shall mean Note A-1-S and any other Notes included in the Lead Securitization Trust.

 

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

 

“Lead Securitization
Servicing Agreement” shall mean the trust and servicing agreement to be entered into in connection with the Lead Securitization
and issuance of the BXP Trust 2017-GM, Commercial Mortgage Pass Through Certificates, Series 2017-GM, between the Trustee, the
Master Servicer, the Special Servicer, the Depositor and the Certificate Administrator.

 

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

 

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

 

“Master Servicer”
shall mean the Master Servicer (or analogous term) appointed as provided in the Lead Securitization Servicing Agreement.

 

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

 

“Monthly Payment
Date” shall mean the “Monthly Payment Date” (as defined in 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 Loan”
shall have the meaning assigned to such term in the recitals.

 

“Mortgage Loan
Agreement” shall mean the Loan Agreement, dated as of June 7, 2017, between the Mortgage Loan Borrower and MSBNA, DB,
CGMRC and WFB, as lenders, 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 Party” shall have the meaning assigned to the term “Borrower Party” set forth in the Lead Securitization
Servicing Agreement.

 

“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
Interest Rate” shall mean the per annum rate at which interest accrues on the Mortgage Loan, without regard to
any increase in such rate as a result of a default thereunder.

 

“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.

 

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

 

“MSMCH”
shall mean Morgan Stanley Mortgage Capital Holdings LLC.

 

“Net Interest
Rate” shall mean, with respect to any Note, the related Interest Rate, less the applicable Primary Servicing Fee Rate.

 

“New Notes”
shall have the meaning assigned to such term in Section 31.

 

“Non-Controlling
Note” means each Note other than the Controlling Note.

 

“Non-Controlling
Note Holder” means any holder of a Non-Controlling Note; provided that with respect to each Non-Controlling Note,
at any time such Non-Controlling Note is included in a Non-Lead Securitization, references to the “Non-Controlling Note Holder”
herein shall mean the Non-Lead Securitization Controlling Class Representative under the related Non-Lead Securitization Servicing
Agreement or any other party assigned the rights to exercise the rights of such Non-Controlling Note Holder pursuant to the related
Non-Lead Securitization Servicing Agreement, 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 such 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) a Mortgage Loan Borrower Party, such Non-Controlling Note (and such
party assigned the rights to exercise the rights of such Non-Controlling Note Holder as described above) shall not be entitled
to exercise any rights of such Non-Controlling Note Holder, and there shall be deemed to be no Non-Controlling Note Holder hereunder
with respect to such Non-Controlling Note. The Lead Securitization Note Holder (or the Master Servicer or the Special Servicer
acting on its behalf) shall not be required at any time to deal with more than one party in respect of any Note that is exercising
the rights of a “Non-Controlling Note Holder” herein or under the Lead Securitization Servicing Agreement, and (x)
to the extent that the related Non-Lead Securitization Servicing Agreement assigns such rights to more than one party or (y) to
the extent more than one Non-Controlling Note is included in such Securitization, for purposes of this Agreement, the related Non-Lead
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 the Non-Controlling Note Holder with respect to such Non-Controlling Note for all purposes of this Agreement. As
of the date hereof and until further notice from any related Non-Controlling Note Holder (or the related Non-Lead Master Servicer
or another party acting on its behalf), the current Note Holder of each Non-Controlling Note is the “Non-Controlling Note
Holder” with respect to such Note.

 

Prior to Securitization
of any Non-Controlling Note (including any New Notes), all notices, reports, information or other deliverables required to be delivered
to the related Non-

 

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Controlling 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 Non-Controlling Note Holder Representative and, when so delivered to such Non-Controlling Note Holder Representative, 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 Securitization
of any Non-Controlling Note, all notices, reports, information or other deliverables required to be delivered to the related Non-Controlling
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 related Non-Lead Master Servicer and
the related Non-Lead Special Servicer (who then may forward such items to the party entitled to receive such items as and to the
extent provided in the related Non-Lead Securitization Servicing Agreement) and, when so delivered to the related Non-Lead Master
Servicer and the related Non-Lead Special Servicer, the Lead Securitization 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.

 

Notwithstanding any of
the foregoing to the contrary, any such delivery requirements shall be deemed satisfied so long as the related Non-Controlling
Note is a Lead Securitization Note.

 

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

 

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

 

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

 

“Non-Lead Master
Servicer” shall have the meaning assigned to such term in Section 2(b).

 

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

 

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“Non-Lead Securitization
Controlling Class Representative” shall mean, with respect to any Non-Lead Securitization Note, the holders of the majority
of the class of securities issued in a related Non-Lead Securitization designated as the “controlling class”, if any,
pursuant to the related Non-Lead Securitization Servicing Agreement or their duly appointed representative; provided that
if 50% or more of such “controlling class” is held by (or such duly appointed representative is) a Mortgage Loan Borrower
Party, there shall be deemed to be no related Non-Lead Securitization Controlling Class Representative.

 

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

 

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

 

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

 

“Non-Lead Securitization
Servicing Agreement” shall have the meaning assigned to such term in Section 2(b).

 

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

 

“Non-Lead Servicer” shall
mean, with respect to any Non-Lead Securitization, the related Non-Lead Master Servicer or Non-Lead Special Servicer, as the context
may require.

 

“Non-Lead Special
Servicer” shall have the meaning assigned to such term in Section 2(b).

 

“Non-Lead Trustee”
shall have the meaning assigned to such term in Section 2(b).

 

“Nonrecoverable
Administrative Advance” shall mean any Administrative Advance that is a Nonrecoverable Advance.

 

“Nonrecoverable
Advance” shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

 

“Nonrecoverable
Property Protection Advance” shall mean any Property Protection Advance that is a Nonrecoverable Advance.

 

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

 

“Note A-1”
shall mean, collectively, Note A-1-S, Note A-1-C1, Note A-1-C2, Note A-1-C3, Note A-1-C4, Note A-1-A2 and Note A-1-A3.

 

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“Note A-1-S,”
“Note A-1-C1,” “Note A-1-C2,” “Note A-1-C3,” “Note A-1-C4,”
“Note A-1-A1,” “Note A-1-A2” and “Note A-1-A3” shall mean the promissory
notes with the same alphanumeric designations listed under “Promissory Notes” on the Mortgage Loan Schedule,
as such promissory notes may be amended, modified or supplemented.

 

“Note A-2” shall mean,
collectively, Note A-2-S, Note A-2-C1, Note A-2-C2, Note A-2-C3, Note A-2-A2 and Note A-2-A3.

 

“Note A-2-S,”
“Note A-2-C1,” “Note A-2-C2,” “Note A-2-C3,” “Note A-2-A1,”
“Note A-2-A2” and “Note A-2-A3” shall mean the promissory notes with the same alphanumeric
designations listed under “Promissory Notes” on the Mortgage Loan Schedule, as such promissory notes may be
amended, modified or supplemented.

 

“Note A-3” shall mean,
collectively, Note A-3-S, Note A-3-C1, Note A-3-C2, Note A-3-C3, Note A-3-A2 and Note A-3-A3.

 

“Note A-3-S,”
“Note A-3-C1,” “Note A-3-C2,” “Note A-3-C3,” “Note A-3-A1,”
“Note A-3-A2” and “Note A-3-A3” shall mean the promissory notes with the same alphanumeric
designations listed under “Promissory Notes” on the Mortgage Loan Schedule, as such promissory notes may be
amended, modified or supplemented.

 

“Note A-4” shall mean,
collectively, Note A-4-S, Note A-4-C1, Note A-4-C2, Note A-4-C3, Note A-4-A2 and Note A-4-A3.

 

“Note A-4-S,”
“Note A-4-C1,” “Note A-4-C2,” “Note A-4-C3,” “Note A-4-A1,”
“Note A-4-A2” and “Note A-4-A3” shall mean the promissory notes with the same alphanumeric
designations listed under “Promissory Notes” on the Mortgage Loan Schedule, as such promissory notes may be
amended, modified or supplemented.

 

“Note B-1,”
“Note B-2,” “Note B-3” and “Note B-4” shall mean the promissory notes
designated as “Note B-1-S,” “Note B-2-S,” “Note B-3-S” and “Note
B-4-S” and listed under “Promissory Notes” on the Mortgage Loan Schedule, as such promissory notes
may be amended, modified or supplemented.

 

“Note Holder” shall mean
with regards to any Note, the related Initial Note Holder and its successors and assigns, or any subsequent holder of such Note,
as applicable.

 

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

 

“Note Principal
Balance” shall mean, with respect to each Note, at any time of determination, the “Initial Note Principal Balance”
for such Note, as set forth on the Mortgage Loan Schedule, less any payments of principal thereon (or any New Notes issued in substitution
thereof) received by the related Note Holder (or any holders of New Notes in substitution thereof) or reductions in such amount
pursuant to Section 3 or Section 4, as applicable.

 

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

 

“Original Entity”
shall have the meaning assigned to such term in Section 31.

 

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“Origination
Date” shall mean June 7, 2017.

 

“Owned Note”
shall have the meaning assigned to such term in Section 31.

 

“P&I Advance”
shall mean an advance made by (a) a party to the Lead Securitization Servicing Agreement in respect of a delinquent monthly debt
service payment on a Lead Securitization Note or (b) a party to a Non-Lead Securitization Servicing Agreement in respect of a delinquent
monthly debt service payment on the related Non-Lead Securitization Note.

 

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

 

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

 

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

 

“Primary Servicing
Fee Rate” shall have the meaning set forth in the Lead Securitization Servicing Agreement.

 

“Property Protection
Advance” shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

 

“Pro Rata and
Pari Passu Basis” shall mean (i) with respect to the Senior Notes and the related Note Holders, the allocation of any
particular payment, reimbursement, collection, cost, expense, liability or other amount among such Senior Notes or such Note Holders,
as the case may be, without any priority of any such Senior Note or any such Note Holder over another such Senior Note or Note
Holder, as the case may be, and in any event such that each Senior Note or Note Holder, as the case may be, is allocated its respective
pro rata share based on their respective Note Principal Balances as of the Origination Date (or, in the case of the reimbursement
of a cost, expense or loss, based on the respective reimbursable amounts) (as among Senior Notes) of such particular payment, reimbursement,
collection, cost, expense, liability or other amount; and (ii) with respect to the Junior Notes and the related Note Holders, the
allocation of any particular payment, reimbursement, collection, cost, expense, liability or other amount among such Junior Notes
or such Note Holders, as the case may be, without any priority of any such Junior Note or any such Note Holder over another such
Junior Note or Note Holder, as the case may be, and in any event such that each Junior Note or Note Holder, as the case may be,
is allocated its respective pro rata share based on their respective Note Principal

 

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Balances as of the Origination Date
(or, in the case of the reimbursement of a cost, expense or loss, based on the respective reimbursable amounts) (as among Junior
Notes) of such particular payment, reimbursement, collection, cost, expense, liability or other amount.

 

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

 

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

 

(b)           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 Act, or an “accredited investor” within the meaning of Rule 501(a) (1), (2), (3) or (7) of Regulation D under the
Act, 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; (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

 

     12

     

    

 

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 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.

 

In no event shall a Qualified
Institutional Lender be a Mortgage Loan Borrower or a Mortgage Loan Borrower Party.

 

“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

 

     13

     

    

 

(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 or no Notes are part of a 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
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 that Rating Agency be obtained for purposes of this Agreement.
For purposes of clarity, any such waiver, declination or refusal to review or otherwise engage in any request for a Rating Agency
Confirmation hereunder shall not be deemed a waiver, declination or refusal to review or otherwise engage in any subsequent request
for a Rating Agency Confirmation hereunder and the condition for Rating Agency Confirmation pursuant to this Agreement for any
subsequent request shall apply regardless of any previous waiver, declination or refusal to review or otherwise engage in such
prior request.

 

“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(e).

 

“Required Special
Servicer Rating” shall mean with respect to a special servicer (A) in the case of Fitch, at least “CSS3”
by Fitch; (B) in the case of S&P, that such special servicer appears on the S&P Select Servicer List as a U.S. Commercial
Mortgage Special Servicer; (C) in the case of Moody’s, that (1) the servicer confirms in writing that it was appointed to
act as, and currently serves as, special servicer on a transaction-level basis on the closing date of a commercial mortgage loan
securitization with respect to which Moody’s rated 

 

     14

     

    

 

one or more classes of certificates
and one or more of such classes of certificates are still outstanding and rated by Moody’s, and (2) Moody’s has
not cited servicing concerns with respect to such servicer as the sole or a 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 rated by Moody’s in any other commercial mortgage-backed securities transaction serviced by
such servicer prior to the time of determination; (D) in the case of Morningstar, that the 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 servicer, such 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 servicer as special servicer of such
commercial mortgage securities; (E) in the case of KBRA, that (1) the servicer is acting as special servicer in a
commercial mortgage loan securitization that was rated by KBRA within the twelve (12) month period prior to the date of
determination that has not been downgraded or caused the withdrawal of the then current rating on any class of commercial
mortgage securities or placement of any class of commercial mortgage securities on watch citing the continuation of such
servicer as special servicer of such commercial mortgage securities as the sole or a material reason for such downgrade or
withdrawal (or placement on watch) or (2) the servicer has not acted as special servicer in a commercial mortgage loan
securitization that was rated by KBRA in such twelve (12) month period but has received a Rating Agency Confirmation from
KBRA; and (F) in the case of DBRS, that the servicer currently acts as special servicer in a CMBS transaction rated by DBRS
(as to which CMBS transaction there are outstanding CMBS rated by DBRS) and that has not been cited by DBRS as having
servicing concerns that are the sole or a material factor in any qualification, downgrade or withdrawal of the ratings (or
placement on “watch status” in contemplation of a ratings downgrade or withdrawal) of securities in a CMBS
transaction serviced by such servicer prior to the time of determination.

 

“Reverse Sequential
Order” shall mean, with respect to any reduction of the Note Principal Balance of any Note(s) or with respect to the
allocation of any expenses and losses relating to the Mortgage Loan and the Mortgaged Property, including, without limitation,
losses of principal or interest, Property Protection Advances (and any Advance Interest thereon), Special Servicing Fees, Liquidation
Fees and Workout Fees, and certain other trust expenses, as well as Appraisal Reduction Amounts, (a) first, to the reduction
of the Note Principal Balance of each of the Junior Notes, on a Pro Rata and Pari Passu Basis, until the Note Principal Balance
of each such Note is reduced to zero; and (b) second, to the reduction of the Note Principal Balance of each of the Senior
Notes, on a Pro Rata and Pari Passu Basis, until the Note Principal Balance of each such Note is reduced to zero.

 

“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.

 

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

 

“Securitization
Date” shall mean the closing date of the first Securitization of a Note or portion thereof.

 

“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.

 

“Senior Notes”
shall mean Note A-1-S, Note A-1-C1, Note A-1-C2, Note A-1-C3, Note A-1-C4, Note A-1-A1, Note A-1-A2, Note A-1-A3, Note A-2-S,
Note A-2-C1, Note A-2-C2, Note A-2-C3, Note A-2-A1, Note A-2-A2, Note A-2-A3, Note A-3-S, Note A-3-C1, Note A-3-C2, Note A-3-C3,
Note A-3-A1, Note A-3-A2, Note A-3-A3, Note A-4-S, Note A-4-C1, Note A-4-C2, Note A-4-C3, Note A-4-A1, Note A-4-A2 and Note A-4-A3.

 

“Senior Trust
Notes” shall mean Note A-1-S, Note A-2-S, Note A-3-S, Note A-4-S, Note A-1-C1, Note A-2-C1, Note A-3-C1 and Note A-4-C1.

 

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

 

“Servicing File”
shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

 

“Servicer Termination
Event” means a “Servicer Termination Event” or a “Special Servicer Termination Event”, as applicable,
and as defined 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.

 

“Special Servicer”
shall mean the Special Servicer appointed as provided in the Lead Securitization Servicing Agreement and this Agreement.

 

“Special Servicing
Loan Event” shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

 

“Specially Serviced
Mortgage Loan” shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

 

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“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.

 

“Triggering
Event of Default” shall mean (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to
pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes
a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause
(vii) of the definition of Special Servicing Loan Event)).

 

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

 

“U.S. Person”
shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

 

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

 

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

 

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 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 (i) monthly payments
of principal or interest in respect of any Note other than the Lead Securitization Notes if such principal or interest is not paid
by the Mortgage Loan Borrower or (ii) any Administrative Advances with respect to any Note other than the Lead Securitization Notes,
but the Master Servicer shall be obligated to make Property Protection Advances in respect of the Mortgage Loan, subject to the
terms of the Lead Securitization Servicing Agreement including any provisions governing the determination of non-recoverability.
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 shall, 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, the Special Servicer, as may be replaced pursuant to the
terms of the Lead Securitization Servicing Agreement, the Certificate Administrator and the Trustee under the Lead Securitization
Servicing Agreement by the Depositor 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, provided further,
that when appointed, the Special Servicer has the Required Special Servicer Rating from each Rating Agency then rating a Securitization,
if any. Each Note Holder hereby appoints the Master Servicer, the Special Servicer and the Trustee in the Lead Securitization as
such Note Holder’s

 

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attorney-in-fact to sign any documents reasonably required with respect to the administration and servicing
of the Mortgage Loan on its behalf under the Lead Securitization Servicing Agreement (subject at all times to the rights of the
Note Holders set forth herein and in the Lead Securitization Servicing Agreement). The Lead Securitization Servicing Agreement
shall not limit the Servicers 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 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 Accepted Servicing Practices, the terms of the Mortgage Loan Documents, the
Lead Securitization Servicing Agreement and applicable law, (ii) to provide information to each Non-Lead Master Servicer and each
Non-Lead Special Servicer under each Non-Lead Securitization Servicing Agreement necessary to enable each such Non-Lead Servicer
to perform its servicing duties under the related 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 (including,
without limitation, all applicable provisions relating to delivery of information and reports necessary for any Non-Lead Securitization
to comply with any applicable reporting requirements under the Exchange Act) 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 servicers 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 or the special servicer does
not have the Required Special Servicer Rating, then a Rating Agency Confirmation shall have been obtained from each Rating Agency
with respect to the securities issued in connection with such Securitization for such Non-Lead Securitization Note; provided,
further, that until a replacement servicing agreement has been entered into, the Lead Securitization Note Holder shall cause
the Mortgage Loan to be serviced pursuant to the provisions of the Lead Securitization Servicing Agreement, as if such agreement
were still in full force and effect with respect to the Mortgage Loan, by the applicable Servicer in the Lead Securitization 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 with respect to the Special Servicer, that has the Required Special Servicer
Rating. The Note Holders acknowledge and agree that (i) at any time that the Lead Securitization Notes are no longer included in
a Securitization Trust, the Servicer and the Trustee shall have no obligation to make any P&I Advance or any Administrative
Advance on the Lead Securitization Notes and (ii) at any time that no portion of the Mortgage Loan is included in a Securitization
Trust, the Servicer and the Trustee shall have no obligation to make any Advance with respect to the Mortgage Loan unless otherwise
provided in any related replacement servicing agreement.

 

(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

 

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the Lead Securitization Servicing Agreement) shall (i) make Property Protection Advances with
respect to the Mortgage Loan, subject to the terms of the Lead Securitization Servicing Agreement and this Agreement, and (ii)
make P&I Advances and Administrative Advances on the Lead Securitization Notes, if and to the extent provided in the Lead Securitization
Servicing Agreement and this Agreement. The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled
to reimbursement for a Property Protection Advance, first from funds on deposit in the Collection Account 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 Nonrecoverable
Property Protection Advances, if funds on deposit in the Collection Account are insufficient and after allocation of such amounts
first to the Junior Notes (on a Pro Rata and Pari Passu Basis), from general collections of each Non-Lead Securitization, in respect
of the related Non-Lead Securitization Note’s pro rata share (on a Pro Rata and Pari Passu Basis) of such non-recoverable
amounts allocated to the Senior Notes. The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled
to reimbursement for Advance Interest on a Property Protection Advance (or a Nonrecoverable Property Protection Advance), in the
manner and from the sources provided in the Lead Securitization Servicing Agreement, including from general collections of each
Non-Lead Securitization.

 

In addition, each Non-Lead
Securitization Note Holder (including, but not limited to, any Non-Lead Securitization Trust into which such Non-Lead Securitization
Note is deposited) shall be required to, promptly following notice from the Master Servicer, the Special Servicer or the Trustee,
pay or reimburse the Lead Securitization for such Non-Lead Securitization Note Holder’s pro rata share (on a Pro Rata
and Pari Passu Basis) of the portion allocated to the Senior Notes 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 Depositor or CREFC®, as applicable, is entitled to be reimbursed pursuant to the Lead Securitization
Servicing Agreement and any costs, fees and expenses related to obtaining any Rating Agency Confirmation, to the extent amounts
on deposit in the Collection Account are insufficient for reimbursement of such amounts and after allocation of such amounts first
to the Junior Notes (on a Pro Rata and Pari Passu Basis). In addition to the reimbursement obligations with respect to Advances
(and Advance Interest) otherwise provided for in this Agreement, 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 pursuant to the terms
of the Lead Securitization Servicing Agreement) each of the Master Servicer, the Special Servicer, the Certificate Administrator,
the Trustee and the Depositor (and any director, officer, employee or agent of any of the foregoing, to the extent such parties
are identified as indemnified parties in the Lead Securitization Servicing Agreement) (the “Indemnified Parties”)
against any claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any other costs, liabilities,
fees and expenses incurred in connection with the servicing and administration of the Mortgage Loan and the Mortgaged Property
under the Lead Securitization Servicing Agreement (collectively, the “Indemnified Items”) to the extent of its
pro rata share (on a Pro Rata and Pari Passu Basis) of the portion allocated to the Senior Notes of such Indemnified Items,
and to the extent amounts on deposit in the Collection Account are insufficient for reimbursement of such amounts and after allocation
of such amounts first to the Junior Notes (on a Pro Rata and Pari Passu Basis), the related Non-Lead Securitization Note Holder
shall be required to, promptly following notice from the Master Servicer, the Special Servicer, the Certificate Administrator or
the Trustee, reimburse each of the

 

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applicable Indemnified Parties for such pro rata share (including, if a Non-Lead Securitization
Note has been included in a Non-Lead Securitization, from general collections or any other amounts from the related Non-Lead Securitization
Trust).

 

The master servicer under
a Non-Lead Securitization (a “Non-Lead Master Servicer”) (or the related Non-Lead Trustee if not made by such
Non-Lead Master Servicer) may be required to make P&I Advances on the related Non-Lead Securitization Note, from time to time,
subject to the terms of the related servicing agreement for such Securitization (each such agreement, a “Non-Lead Securitization
Servicing Agreement”), the Lead Securitization Servicing Agreement and this Agreement. Each of the Master Servicer, the
Special Servicer and the Trustee, as applicable, shall be entitled to make its own recoverability determination with respect to
any P&I Advance or any Administrative Advance to be made on any Lead Securitization Note based on the information that they
have on hand and in accordance with the Lead Securitization Servicing Agreement. Each Non-Lead Master Servicer and the special
servicer (a “Non-Lead Special Servicer”) and the trustee (a “Non-Lead Trustee”) under each
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 and the Trustee, as applicable,
and any Non-Lead Master Servicer or Non-Lead Trustee, as applicable, shall be required to notify the other parties to the applicable
other Securitization 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(s)) or a Non-Lead Master Servicer,
a Non-Lead Special Servicer or a 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 Property
Protection Advance or Administrative Advance would, if made, be non-recoverable or an outstanding Property Protection Advance or
Administrative Advance is or would be non-recoverable, then the party making such determination shall notify each Non-Lead Master
Servicer and Non-Lead Trustee (in the case of a determination by the Master Servicer or the Trustee) or each of the Master Servicer
and the Trustee (in the case of a determination by any Non-Lead Master Servicer or Non-Lead Trustee) within two business days of
making such determination. Each of the Master Servicer, the Trustee, the related Non-Lead Master Servicer and the related Non-Lead
Trustee, as applicable, shall be entitled to reimbursement for a P&I Advance (and Advance Interest thereon) or an Administrative
Advance (and Advance Interest thereon) that becomes non-recoverable from the Collection Account from amounts allocable to the Mortgage
Loan prior to any distributions to the Noteholders; provided, that any such Advances outstanding in respect of the Senior
Notes shall be reimbursed (on a Pro Rata and Pari Passu Basis as between such Senior Notes, based on the respective outstanding
principal balances of such Senior Notes) prior to any such advances outstanding in respect of the Junior Notes (which shall be
reimbursed on a Pro Rata and Pari Passu Basis as between such Junior Notes, based on the respective outstanding principal balances
of such Junior Notes).

 

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

 

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(i)            such
Non-Lead Securitization Note Holder shall be responsible for its pro rata share (on a Pro Rata and Pari Passu Basis) of
any Property Protection Advances (and Advance Interest thereon) and any Trust Fund Expenses allocated to the Senior Notes (after
being allocated to the Notes in Reverse Sequential Order), but only to the extent that they relate to servicing and administration
of the Notes or the Mortgaged Property, including without limitation, any unpaid Special Servicing Fees, Liquidation Fees and Workout
Fees relating to the Notes, and if the funds received with respect to each respective Note are insufficient to cover such amounts,
each Non-Lead Master Servicer (if the related Non-Lead Securitization Note is included in a Non-Lead Securitization Trust) shall
promptly following notice from the Master Servicer or the Special Servicer, pay or reimburse the Master Servicer, the Special Servicer,
the Certificate Administrator, the Trustee, or the Lead Securitization Trust, as applicable, out of general collections in the
collection account (or equivalent account) established under the related Non-Lead Securitization Servicing Agreement for such pro
rata share;

 

(ii)           each
of the Indemnified Parties shall be indemnified by each Non-Lead Securitization Trust (as and to the same extent the Lead Securitization
Trust is required to indemnify each of such Indemnified Parties pursuant to the terms of the Lead Securitization Servicing Agreement),
against any of the Indemnified Items to the extent of the related Non-Lead Securitization Note’s pro rata share (on
a Pro Rata and Pari Passu Basis) of such Indemnified Items allocated to the Senior Notes (after being allocated to the Notes in
Reverse Sequential Order), and to the extent amounts on deposit in the Collection 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
the related Non-Lead Securitization Note’s pro rata share (on a Pro Rata and Pari Passu Basis) of such insufficiency
allocated to the Senior Notes (after being allocated to the Notes in Reverse Sequential Order) out of general collections in the
collection account (or equivalent account) established under the related Non-Lead Securitization Servicing Agreement;

 

(iii)          the
related Non-Lead Certificate Administrator (or other party designated under the related Non-Lead Securitization Servicing Agreement)
will be required to deliver to the Trustee, the Certificate Administrator, the Special Servicer and the Master Servicer (i) promptly
following Securitization of the related 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 and payment instructions for the related Non-Lead
Trustee, the related certificate administrator, the related Non-Lead Master Servicer, the related Non-Lead Special Servicer and
the party designated to exercise the rights of the related “Non-Controlling Note Holder” under this Agreement), accompanied
by a copy of the related executed Non-Lead Securitization Servicing Agreement and (ii) notice of any subsequent change in the identity
of such Non-Lead Master Servicer or the party designated to exercise the rights of the related “Non-Controlling Note Holder”
under this Agreement (together with the relevant contact information and payment instructions);

 

(iv)          the
applicable Non-Lead Master Servicer, Non-Lead Special Servicer and Non-Lead Trustee under the related Non-Lead Securitization Servicing
Agreement shall

 

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notify the Master Servicer, the Special Servicer, the Trustee and the Certificate Administrator of any P&I
Advance it has made with respect to the applicable Non-Lead Securitization Note(s) included in such Non-Lead Securitization within
two Business Days of making such advance;

 

(v)           if
the applicable Non-Lead Master Servicer, Non-Lead Special Servicer or Non-Lead Trustee determines that a proposed P&I
Advance with respect to the related Non-Lead Securitization Note, if made, or any outstanding P&I
Advance previously made with respect to the related Non-Lead Securitization Note, would be, or is, as applicable, a “nonrecoverable
advance,” the applicable Non-Lead Master Servicer shall provide the Master Servicer and each other Non-Lead Master Servicer
written notice of such determination within two Business Days after such determination is made;

 

(vi)          the
Non-Lead 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 (a) required by the Code relating to the tax elections of
the related Securitization Trust, (b) required by law or changes in any law, rule or regulation or (c) requested by the Rating
Agencies rating the related Securitization; and

 

(vii)         the
Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Depositor and the Lead Securitization Trust
shall be third party beneficiaries of the foregoing provisions;

 

provided, that
none of the foregoing shall be construed to prohibit differences in 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.

 

(d)           [Reserved].

 

(e)           [Reserved].

 

(f)            Following
the closing of the Lead Securitization, upon receipt of written notice (which may be by email) of the closing or pending closing
of any Non-Lead Securitization and upon request from the Non-Lead Depositor, the Depositor (or other designated party under the
Lead Securitization Servicing Agreement) shall provide such Non-Lead Depositor with a copy of the Lead Securitization Servicing
Agreement in an EDGAR-compatible format.

 

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

 

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(h)           If
the Non-Lead Securitization Note becomes the subject of an Asset Review pursuant to the related Non-Lead Securitization Servicing
Agreement, the Master Servicer, the Special Servicer, the Trustee and the Custodian shall reasonably cooperate with the Non-Lead
Asset Representations Reviewer or any other party to such Non-Lead Securitization Servicing Agreement in connection with such Asset
Review by providing the Non-Lead Asset Representations Reviewer or such other requesting party with any documents reasonably requested
by the 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.

 

Section
3.          Priority of Payments.Payments Prior to an Event of Default.
(a) Subject to the application of Section 4, if no Triggering Event of Default, as determined by the Master Servicer
or Special Servicer, as applicable, in accordance with Accepted Servicing Practices shall have occurred and be continuing,
all amounts tendered by the Mortgage Loan Borrower or otherwise available for payment on or with respect to or in connection
with the Mortgage Loan or the Mortgaged Property or amounts realized as proceeds thereof whether received in the form of
Scheduled Interest Payments, Scheduled Principal Payments, any proceeds from the sale or distribution of any Foreclosed
Property, the Balloon Payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit or other collateral or
instrument securing the Mortgage Loan, Condemnation Proceeds or Insurance Proceeds (other than proceeds, awards or
settlements to be applied to the restoration or repair of the Mortgaged Property or released to the Mortgage Loan Borrower in
accordance with the terms of the Mortgage Loan Documents, to the extent permitted by the REMIC Provisions) but excluding (x)
all amounts for required reserves or escrows required by the Mortgage Loan Documents (to the extent and in accordance with
the terms of the Mortgage Loan Documents) to be held as reserves or escrows, (y) all amounts received as reimbursements on
account of recoveries in respect of property protection expenses or Property Protection Advances then due and payable or
reimbursable to the Trustee or any Servicer under the Lead Securitization Servicing Agreement (it being understood that
subject to the terms of the Lead Securitization Servicing Agreement and this Agreement, the right to reimbursement of such
Property Protection Advances is senior to that of any Note Holder to receive payments on its Note) and (z) 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 (or, solely as regards P&I Advances and Administrative Advances made thereby and interest thereon,
reimbursable to any Non-Lead Master Servicer or Non-Lead Trustee with respect to the applicable Notes pursuant to
the applicable Non-Lead Securitization Servicing Agreement) and any other additional compensation payable to any Servicer
thereunder (including without limitation, any additional trust expenses relating to the Mortgage Loan (but subject to the
second paragraph of Section 5(e) hereof) reimbursable to, or payable by, such parties and any Special Servicing Fees,
Liquidation Fees, Work-out Fees, penalty charges (to the extent provided in Section 3(d)) (and including any P&I Advances
(and interest thereon) or any Administrative Advances (and interest thereon) on the Notes, which shall be reimbursed in
accordance with Section 2(b) hereof and the Lead Securitization Servicing Agreement), but excluding any Master
Servicing Fees and Primary Servicing Fees, which such fees shall not be subject to the allocation provisions of this Section
3 but shall be payable in accordance with the Lead Securitization Servicing Agreement) shall be payable as follows:

 

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(i)           first,
to the holders of the Senior Trust Notes on a Pro Rata and Pari Passu Basis up to the amount of any unreimbursed costs and expenses
paid by such holders of the Senior Trust Notes (or paid or advanced by a Servicer or the Trustee, as applicable) with respect to
the Mortgage Loan pursuant to this Agreement or the Lead Securitization Servicing Agreement;

 

(ii)         second,
to the holders of the Senior Notes on a Pro Rata and Pari Passu Basis, based on their respective interest entitlements, in each
case in an amount equal to the accrued and unpaid interest on its respective Note Principal Balance at the Net Interest Rate applicable
to such Senior Note;

 

(iii)        third,
to the holders of the Junior Notes on a Pro Rata and Pari Passu Basis, based on their respective interest entitlements, in each
case in an amount equal to the accrued and unpaid interest on its respective Note Principal Balance at the Net Interest Rate applicable
to such Junior Note;

 

(iv)         fourth,
pro rata based on the Note Principal Balances of their respective Notes, to each holder of a Senior Note in an amount equal
to its respective principal entitlement allocated pursuant to the Mortgage Loan Documents with respect to the applicable Monthly
Payment Date, which amount shall be applied in reduction of the Note Principal Balance of such Note;

 

(v)          fifth,
if the proceeds of any foreclosure sale or any liquidation of the Mortgage Loan or Mortgaged Property exceed the amounts required
to be applied in accordance with the foregoing clauses (i) through (iv) and, as a result of a Workout the Note Principal
Balances of the Senior Notes have been reduced (to the extent such reductions were made in accordance with the Lead Securitization
Servicing Agreement notwithstanding the provisions of Section 4 of this Agreement by reason of the insufficiency of the
Junior Note to bear the full economic effect of the Workout), such excess amount shall be paid to the holders of the Senior Notes
on a Pro Rata and Pari Passu Basis (x) first, in an amount up to the reduction, if any, of the aggregate Note Principal
Balance of the Senior Notes as a result of such Workout, and (y) second, in an amount equal to interest on the amount described
in clause (x) at the Mortgage Loan Interest Rate;

 

(vi)        sixth,
to the holders of the Junior Notes on a Pro Rata and Pari Passu Basis up to the amount of any unreimbursed costs and expenses paid
by such holders of the Junior Notes (or paid or advanced by a Servicer or the Trustee, as applicable) with respect to the Mortgage
Loan pursuant to this Agreement or the Lead Securitization Servicing Agreement;

 

(vii)       seventh,
pro rata based on the Note Principal Balances of their respective Notes, to each holder of a Junior Note in an amount equal
to its respective principal entitlement allocated pursuant to the Mortgage Loan Documents with respect to the applicable Monthly
Payment Date, which amount shall be applied in reduction of the Note Principal Balance of such Note;

 

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(viii)      eighth,
if the proceeds of any foreclosure sale or any liquidation of the Mortgage Loan or Mortgaged Property exceed the amounts required
to be applied in accordance with the foregoing clauses (i) through (vii) and, as a result of a Workout the Note Principal
Balances of the Junior Notes have been reduced, such excess amount shall be paid to the holders of the Junior Notes on a Pro Rata
and Pari Passu Basis (x) first, in an amount up to the reduction, if any, of the aggregate Note Principal Balance of the
Junior Notes as a result of such Workout, and (y) second, in an amount equal to interest on the amount described in clause
(x) at the Mortgage Loan Interest Rate;

 

(ix)         ninth,
to the Note Holders, pro rata, based on their respective Percentage Interests, any prepayment or yield maintenance premium,
to the extent paid by the Mortgage Loan Borrower;

 

(x)          tenth,
to the extent assumption fees, transfer fees, late payment fees or charges (other than any prepayment or yield maintenance premium)
actually paid by the Mortgage Loan Borrower are not required to be otherwise applied under the Lead Securitization Servicing Agreement,
including, without limitation, to provide reimbursement for Advance Interest, to pay any additional servicing expenses or to compensate
a Servicer (in each case provided that such reimbursements or payments relate to the Mortgage Loan), any such fees or expenses,
to the extent actually paid by the Mortgage Loan Borrower, shall be paid to the Note Holders, pro rata, based on their respective
Percentage Interests; and

 

(xi)         eleventh,
if any excess amount is available to be distributed in respect of the Mortgage Loan, and not otherwise applied in accordance with
the foregoing clauses (i) through (x), any remaining amount shall be paid pro rata to the Note Holders in
accordance with their respective Percentage Interests;

 

provided, that
to the extent required under the REMIC Provisions, payments or proceeds received with respect to any partial release of any portion
of the Mortgaged Property (including pursuant to a condemnation) at a time when the loan-to-value ratio of the Mortgage Loan (as
determined in accordance with the applicable REMIC requirements) exceeds 125% (based solely upon the value of the remaining real
property and excluding any personal property or going concern value), shall be allocated to reduce the Note Principal Balances
of the Notes in the manner permitted or required by the REMIC Provisions.

 

(b)           Payments
Following an Event of Default. Payments of interest and principal shall be made to the Note Holders in accordance with Section
3(a) of this Agreement; provided, if a Triggering Event of Default, as determined by the Master Servicer or Special Servicer,
as applicable, in accordance with Accepted Servicing Practices shall have occurred and be continuing, all amounts tendered by the
Mortgage Loan Borrower or otherwise available for payment on or with respect to or in connection with the Mortgage Loan or the
Mortgaged Property or amounts realized as proceeds thereof whether received in the form of Scheduled Interest Payments, Scheduled
Principal Payments, any proceeds from the sale or distribution of any Foreclosed Property, the Balloon Payment, Liquidation Proceeds,
proceeds under any guaranty, letter of credit or other collateral or instrument securing the Mortgage Loan, Condemnation Proceeds
or Insurance Proceeds (other than proceeds, awards or settlements to

 

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be applied to the restoration or repair of the Mortgaged Property
or released to the Mortgage Loan Borrower in accordance with the terms of the Mortgage Loan Documents, to the extent permitted
by the REMIC Provisions) but excluding (x) all amounts for required reserves or escrows required by the Mortgage Loan Documents
(to the extent and in accordance with the terms of the Mortgage Loan Documents) to be held as reserves or escrows, (y) all amounts
received as reimbursements on account of recoveries in respect of property protection expenses or Property Protection Advances
then due and payable or reimbursable to the Trustee or any Servicer under the Lead Securitization Servicing Agreement (it being
understood that subject to the terms of the Lead Securitization Servicing Agreement and this Agreement, the right to reimbursement
of such Property Protection Advances is senior to that of any Note Holder to receive payments on its Note) and (z) 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 (or, solely as regards P&I Advances and Administrative Advances made thereby and interest thereon, reimbursable
to any Non-Lead Master Servicer or Non-Lead Trustee with respect to the applicable Notes pursuant to the applicable Non-Lead Securitization
Servicing Agreement) and any other additional compensation payable to any Servicer thereunder (including without limitation, any
additional trust expenses relating to the Mortgage Loan (but subject to the second paragraph of Section 5(e) hereof) reimbursable
to, or payable by, such parties and any Special Servicing Fees, Liquidation Fees, Work-out Fees, penalty charges (to the extent
provided in Section 3(d)) (and including any P&I Advances (and interest thereon) or any Administrative Advances (and interest
thereon) on the Notes, which shall be reimbursed in accordance with Section 2(b) hereof and the Lead Securitization Servicing
Agreement), but excluding any Master Servicing Fees and Primary Servicing Fees, which such fees shall not be subject to the allocation
provisions of this Section 3 but shall be payable in accordance with the Lead Securitization Servicing Agreement) shall
be payable as follows:

 

(i)         first,
to the holders of the Senior Trust Notes on a Pro Rata and Pari Passu Basis up to the amount of any unreimbursed costs and expenses
paid by such holders of the Senior Trust Notes (or paid or advanced by a Servicer or the Trustee, as applicable) with respect to
the Mortgage Loan pursuant to this Agreement or the Lead Securitization Servicing Agreement;

 

(ii)         second,
to the holders of the Senior Notes on a Pro Rata and Pari Passu Basis, based on their respective interest entitlements, in each
case in an amount equal to the accrued and unpaid interest on its respective Note Principal Balance at the Net Interest Rate applicable
to such Senior Note;

 

(iii)        third,
to the holders of the Junior Notes on a Pro Rata and Pari Passu Basis, based on their respective interest entitlements, in each
case in an amount equal to the accrued and unpaid interest on its respective Note Principal Balance at the Net Interest Rate applicable
to such Junior Note;

 

(iv)         fourth,
to the holders of the Senior Notes on a Pro Rata and Pari Passu Basis, until the Note Principal Balances of the Senior Notes have
been reduced to zero;

 

(v)          fifth,
if the proceeds of any foreclosure sale or any liquidation of the Mortgage Loan or Mortgaged Property exceed the amounts required
to be applied in

 

     26

     

    

 

accordance with the foregoing clauses (i) through (iv) and, as a result of a Workout the Note Principal
Balances of the Senior Notes have been reduced (to the extent such reductions were made in accordance with the Lead Securitization
Servicing Agreement notwithstanding the provisions of Section 4 of this Agreement by reason of the insufficiency of the
Junior Note to bear the full economic effect of the Workout), such excess amount shall be paid to the holders of the Senior Notes
on a Pro Rata and Pari Passu Basis (x) first, in an amount up to the reduction, if any, of the aggregate Note Principal
Balance of the Senior Notes as a result of such Workout, and (y) second, in an amount equal to interest on the amount described
in clause (x) at the Mortgage Loan Interest Rate;

 

(vi)        sixth,
to the holders of the Junior Notes on a Pro Rata and Pari Passu Basis up to the amount of any unreimbursed costs and expenses paid
by such holders of the Junior Notes (or paid or advanced by a Servicer or the Trustee, as applicable) with respect to the Mortgage
Loan pursuant to this Agreement or the Lead Securitization Servicing Agreement;

 

(vii)       seventh,
to the holders of the Junior Notes on a Pro Rata and Pari Passu Basis, until the Note Principal Balances of the Junior Notes have
been reduced to zero;

 

(viii)      eighth,
if the proceeds of any foreclosure sale or any liquidation of the Mortgage Loan or Mortgaged Property exceed the amounts required
to be applied in accordance with the foregoing clauses (i) through (vii) and, as a result of a Workout the Note Principal
Balances of the Junior Notes have been reduced, such excess amount shall be paid to the holders of the Junior Notes on a Pro Rata
and Pari Passu Basis (x) first, in an amount up to the reduction, if any, of the aggregate Note Principal Balance of the
Junior Notes as a result of such Workout, and (y) second, in an amount equal to interest on the amount described in clause
(x) at the Mortgage Loan Interest Rate;

 

(ix)         ninth,
to the Note Holders, pro rata, based on their respective Percentage Interests, any prepayment or yield maintenance premium,
to the extent paid by the Mortgage Loan Borrower;

 

(x)          tenth,
to the extent assumption fees, transfer fees, late payment fees or charges (other than any prepayment or yield maintenance premium)
actually paid by the Mortgage Loan Borrower are not required to be otherwise applied under the Lead Securitization Servicing Agreement,
including, without limitation, to provide reimbursement for Advance Interest, to pay any additional servicing expenses or to compensate
a Servicer (in each case provided that such reimbursements or payments relate to the Mortgage Loan), any such fees or expenses,
to the extent actually paid by the Mortgage Loan Borrower, shall be paid to the Note Holders, pro rata, based on their respective
Percentage Interests; and

 

(xi)         eleventh,
if any excess amount is available to be distributed in respect of the Mortgage Loan, and not otherwise applied in accordance with
the foregoing clauses (i) through (x), any remaining amount shall be paid pro rata to the Note Holders in
accordance with their respective Percentage Interests;

 

     27

     

    

 

provided, that
to the extent required under the REMIC Provisions, payments or proceeds received with respect to any partial release of any portion
of the Mortgaged Property (including pursuant to a condemnation) at a time when the loan-to-value ratio of the Mortgage Loan (as
determined in accordance with the applicable REMIC requirements) exceeds 125% (based solely upon the value of the remaining real
property and excluding any personal property or going concern value), shall be allocated to reduce the Note Principal Balances
of the Notes in the manner permitted or required by the REMIC Provisions.

 

(c)       Penalty
charges paid on each Note shall be applied: first, to pay the Master Servicer, the Trustee or the Special Servicer for any
interest accrued on any Property Protection Advances and to reimburse the Master Servicer, the Trustee or the Special Servicer
for any Property Protection Advances (to the extent any such Advance is a Trust Fund Expense) in accordance with the terms of the
Lead Securitization Servicing Agreement; second, to pay the Master Servicer, Trustee, any Non-Lead Master Servicer or any
Non-Lead Trustee, as applicable, for any interest accrued on any P&I Advance or any Administrative 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, to pay Trust Fund Expenses (other than Special Servicing Fees, unpaid Workout
Fees and Liquidation Fees) incurred with respect to the Mortgage Loan (as specified in the Lead Securitization Servicing Agreement);
and finally, to pay, pro rata, the Lead Securitization Note Holder (or following the securitization of such Note,
the Master Servicer and/or the Special Servicer as additional servicing compensation as provided in the Lead Securitization Servicing
Agreement) and each Non-Lead Securitization Note Holder (or 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).

 

(d)           Following
any period during which the terms of Section 3(b) are in effect and a Triggering Event of Default shall cease to exist,
then the terms of Section 3(a) hereof shall again be in effect, subject, however, to the terms of Section 4.

 

(e)           All
expenses and losses relating to the Mortgage Loan and the Mortgaged Property, including without limitation losses of principal
or interest, Property Protection Advances (and Advance Interest related thereto), Special Servicing Fees, Liquidation Fees and
Workout Fees, and certain other trust expenses, as well as Appraisal Reduction Amounts, shall be allocated in Reverse Sequential
Order.

 

Section
4.          Workout. Notwithstanding anything to the contrary
contained herein, if the Special Servicer (on behalf of the Note Holders) in connection with a workout of the Mortgage Loan
modifies the terms thereof such that (i) the unpaid principal balance of the Mortgage Loan is decreased, (ii) the Mortgage
Loan Interest Rate or scheduled amortization payments on such Mortgage Loan are reduced, (iii) payments of interest or
principal on the Mortgage Loan are waived, reduced or deferred or (iv) any other adjustment (other than an increase in
the Mortgage Loan Interest Rate or increase in scheduled amortization payments) is made to any of the terms of the Mortgage
Loan (each, a “Workout”), all payments to the Note Holders of the Senior Notes pursuant to Section
3(a) and Section 3(b), shall be made as though such Workout did not occur, with the payment terms of Senior Notes
remaining the same as they are on the date hereof, and the Junior Notes shall bear the full economic effect of all waivers,

 

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reductions or deferrals of amounts due on the Mortgage Loan attributable to such Workout (such economic effect to be borne by
the Junior Notes on a Pro Rata and Pari Passu Basis, in each case up to the amount otherwise due on such Note including in
connection with the final liquidation or repayment of the Mortgage Loan). Prior to any allocation of collections in
connection with a final liquidation or repayment of the Mortgage Loan any loss or shortfall shall be allocated first
to reduce the Note Principal Balances of the Junior Notes on a Pro Rata and Pari Passu Basis, and second to reduce the
Note Principal Balances of the Senior Notes on a Pro Rata and Pari Passu Basis, with such reduced Note Principal Balances to
be used in calculating Percentage Interests and Pro Rata and Pari Passu Basis, in each case, for remittances of principal on
the Notes. Subject to the Lead Securitization Servicing Agreement and this Agreement, in the case of any modification or
amendment described above, the Special Servicer (on behalf of the Note Holders) shall have the sole authority and ability to
revise the payment provisions set forth in Section 3(a) and Section 3(b) in a manner that reflects the
subordination of the Junior Notes to the Senior Notes with respect to the loss that is the result of such amendment or
modification, including: (i) the ability to increase the Percentage Interests of the Senior Notes and to reduce the
Percentage Interests of the Junior Notes in a manner that reflects a loss in principal as a result of such amendment or
modification; and (ii) the ability to change the Mortgage Loan Interest Rate but shall not be permitted to change the
order of the clauses set forth in Section 3(a) and Section 3(b). Notwithstanding the foregoing concerning the
making of payments as though such a Workout did not occur, if any Workout, modification or amendment of the Mortgage Loan
extends the original maturity date of the Mortgage Loan, for purposes of this paragraph, the Balloon Payment shall be deemed
not to be due on the original maturity date of the Mortgage Loan but shall be deemed due on the extended maturity date of the
Mortgage Loan. If the Mortgaged Property becomes a Foreclosed Property, (a) the Note Holders shall have beneficial ownership
of such Foreclosed Property notwithstanding the manner in which title may be taken under the Lead Securitization Servicing
Agreement, (b) the Mortgage Loan shall be deemed to remain outstanding, with the same terms and conditions as in effect
immediately prior to foreclosure or the acceptance of a deed in lieu of foreclosure, for purposes of the relative rights of
the Note Holders between each other under this Agreement and the Lead Securitization Servicing Agreement and (c) all revenues
from and proceeds of such Foreclosed Property shall be allocated and distributed under Section 3(b) of this Agreement.
The Junior Notes and the right of each Holder of a Junior Note to receive payments with respect to its respective Junior Note
shall, subject to the provisions of this Agreement, at all times be junior, subject and subordinate to each Senior Note and
the rights of each Holder of a Senior Note to receive payments with respect to its respective Senior Note.

 

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

 

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foreclosure action or other remedy, and no Non-Lead Securitization Note Holder shall have any
voting, consent or other rights whatsoever except as explicitly set forth herein with respect to the Lead Securitization Note Holder’s
administration of, or exercise of its rights and remedies with respect to, the Mortgage Loan. Subject to this Agreement and the
Lead Securitization Servicing Agreement, each Non-Lead Securitization Note Holder agrees that it shall have no right to, and 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 Accepted Servicing
Practices (in the case of the Master Servicer or the Special Servicer) or any liability for failure to do so).

 

Upon the Mortgage Loan
becoming a defaulted loan, each Non-Lead Securitization Note Holder hereby acknowledges the right and obligation of the Lead Securitization
Note Holder (or the Special Servicer acting on its behalf ) to sell the Notes as notes evidencing one whole loan in accordance
with the terms of the Lead Securitization Servicing Agreement. In connection with any such sale, the Special Servicer shall be
required to sell the Notes in the manner set forth in the Lead Securitization Servicing Agreement and shall be required to require
that all offers be submitted to the Trustee or Special Servicer, as applicable, in accordance with the terms of the Lead Securitization
Servicing Agreement in writing. Whether any cash offer constitutes a fair price for the Mortgage Loan shall be determined by the
Trustee or Special Servicer, as applicable, in accordance with the terms of the Lead Securitization Servicing Agreement. Notwithstanding
the foregoing, the Lead Securitization Note Holder (or the Special Servicer acting on its behalf) shall not be permitted to sell
the Mortgage Loan without the written consent of each Non-Lead Securitization Note Holder unless 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 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) 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 of the Controlling Note Holder, the Controlling Note Holder Representative,
any Non-Controlling Note Holder and any Non-Controlling Note Holder Representative shall be permitted to submit an offer at any
sale of the Mortgage Loan.

 

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

 

The authority of the
Lead Securitization Note Holder to sell the Non-Lead Securitization Notes, and the obligations of the Non-Lead Securitization Note
Holders to execute and deliver instruments or deliver the Non-Lead Securitization Notes 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(s) are repurchased from the Lead Securitization Trust by the holder of such Lead Securitization Note(s) that sold such Lead
Securitization Note(s) into such securitization trust in connection with a material breach of representation or warranty made by
such Person with respect to the Lead Securitization Note(s) or material document defect with respect to the documents delivered
by such Person with respect to the Lead Securitization Note(s) 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(s) that sold such Lead Securitization Note into the Lead Securitization Trust
or any document delivery obligation imposed on such Person under any mortgage loan purchase and sale agreement, instrument of transfer
or other document or instrument that may be executed or delivered by such Person in connection with the Lead Securitization.

 

(b)           The
administration of the Mortgage Loan shall be governed by this Agreement and the Lead Securitization Servicing Agreement. The servicing
of the Mortgage Loan shall be carried out by the Master Servicer and, if the Mortgage Loan is a Specially Serviced Mortgage Loan
(or to the extent otherwise provided in the Lead Securitization Servicing Agreement), by the Special Servicer, in each case pursuant
to the Lead Securitization Servicing Agreement and this 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 Accepted Servicing Practices, taking into
account the interests of each of the Note Holders as a collective whole and taking into account the subordinate nature of the Junior
Notes. 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, the Trustee and/or the Controlling Class Representative 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 materially adversely affect any Non-Lead Securitization Note Holder in its capacity as Non-Lead Securitization
Note Holder without such

 

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Non-Lead Securitization Note Holder’s prior written consent. Each Non-Lead Securitization Note Holder
(unless it is Mortgage Loan Borrower Party) shall be a third-party beneficiary to the Lead Securitization Servicing Agreement with
respect to its rights as specifically provided for therein.

 

(c)           [Reserved].

 

(d)           Notwithstanding
the foregoing, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall
be required (i) to provide reasonable prior notice to each Non-Lead Securitization Note Holder (or its Note Holder Representative)
of the implementation of any Major Decision or any recommended actions outlined in an Asset Status Report relating to the Mortgage
Loan and (ii) to use reasonable efforts to consult each Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative)
on a strictly non-binding basis if such Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative) requests
consultation with respect to any Major Decisions or the implementation of any recommended actions outlined in an Asset Status Report
provided to investors in the Lead Securitization 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 provided to the Controlling Class
Representative (or that would have been provided to the Controlling Class Representative if it had not lost its consent and/or
consultation rights with respect to the matter), 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 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 an annual meeting (which may be held telephonically) with the Lead Securitization Note Holder (or the Master Servicer or

 

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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.

 

(e)           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 each Note shall qualify at all times as (or as interests in) a “qualified mortgage” within
the meaning of Section 860G(a)(3) of the Code (for that purpose the loan-to-value test in Section 860G(a)(3) shall be applied by
treating the Senior Notes and the Junior Notes as constituting a single debt instrument) (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 or payment otherwise distributable to the other Note Holders be reduced to offset
or make-up any such payment or deficit.

 

Section 6.          Appointment
of Controlling Note Holder Representative and Non-Controlling Note Holder Representative.

 

(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 in accordance with the terms of the Lead
Securitization Servicing Agreement. 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

 

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through the Controlling Note Holder Representative. The
Controlling Note Holder Representative may be any Person (other than a Mortgage Loan Borrower Party, any manager of the
Mortgaged Property or any principal or any manager of the Mortgaged Property), including, without limitation, the Controlling
Note Holder, any officer or employee of the Controlling Note Holder, any affiliate of the Controlling Note Holder or any
other unrelated third party. No such Controlling Note Holder Representative shall owe any fiduciary duty or other duty to any
other Person (other than the Controlling Note Holder). All actions that are permitted to be taken by the Controlling Note
Holder under this Agreement may be taken by the Controlling Note Holder Representative acting on behalf of the
Controlling Note Holder. No Servicer, Trustee or Certificate Administrator acting on behalf of the Lead Securitization Note
Holder shall be required to recognize any Person as a Controlling Note Holder Representative until the Controlling Note
Holder has notified each Servicer, the Trustee and the Certificate Administrator 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 each Servicer, the Trustee and the Certificate Administrator with written confirmation of its acceptance of such
appointment, an address and facsimile 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
facsimile numbers). The Controlling Note Holder shall promptly deliver such information to each Servicer, the Trustee and the
Certificate Administrator. The Controlling Note Holder agrees to inform each such Servicer, Certificate Administrator or
Trustee of the then-current Controlling Note Holder Representative.

 

(b)           Neither
the Controlling Note Holder Representative nor the Controlling Note Holder will have any liability to the other Note 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 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 a Note Holder and, absent willful misfeasance, bad faith or gross negligence on the part of the Controlling Note Holder
Representative or the Controlling Note Holder, as the case may be, agree to take no action against the Controlling Note Holder
Representative, the Controlling Note Holder or any of their respective officers, directors, employees, principals or agents as
a result of 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.

 

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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; 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 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.

 

(c)           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 (each, a “Non-Controlling Note Holder Representative”).
All of the provisions relating to the Controlling Note Holder and the Controlling Note Holder Representative set forth in Section
6(a) and Section 6(b) shall apply to each Non-Controlling Note Holder and its Non-Controlling Note Holder Representative
mutatis mutandis.

 

Section
7.          Appointment of Special Servicer. Subject to the next
succeeding paragraph, the Controlling Note Holder (or its Controlling Note Holder Representative) shall have the right at any
time and from time to time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage
Loan and appoint a replacement Special Servicer 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 then existing Special Servicer and each other party to the
Lead Securitization Servicing Agreement a written notice stating such designation and satisfying the other conditions to such
replacement as set forth in the Lead Securitization Servicing Agreement (including, without limitation, a Rating Agency
Communication or a Rating Agency Confirmation, but only if required by the terms of the Lead Securitization Servicing
Agreement), if any. The Controlling Note Holder shall be solely responsible for any expenses incurred in connection with any
such replacement without cause. The Controlling Note Holder shall notify the other parties hereto of its termination of the
then currently serving Special Servicer and its appointment of a replacement Special Servicer in accordance with this Section
7. If the Controlling Note Holder has not appointed a Special Servicer with respect to the Mortgage Loan as of the
consummation of the securitization under the Lead Securitization Servicing Agreement, then the initial Special Servicer
designated in the Lead Securitization Servicing Agreement shall serve as the initial Special Servicer but this shall not
limit the right, if any, 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 adversely 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 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

 

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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, 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 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 amounts to the applicable account within one (1) Business Day after
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.

 

(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 similar
law, be returned to the Mortgage Loan Borrower or paid to any Lead Securitization Note Holder or any Servicer or paid to any other
Person, then, notwithstanding any other provision of this Agreement, a Lead Securitization Note Holder shall not be required to
distribute any portion thereof to the Non-Lead Securitization Note Holders 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

 

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Note Holder’s obligations
under this Section 8 constitute absolute, unconditional and continuing obligations.

 

Section
9.          Limitation on Liability of the Note Holders. Each Note Holder shall have no 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 Accepted Servicing
Practices) set forth in the related pooling and servicing agreement governing the related Securitization Trust.

 

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

 

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 the Non-Lead Securitization Note Holders, 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 the Non-Lead Securitization Note Holders 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

 

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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 Accepted Servicing Practices.

 

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 in the jurisdiction of its organization and in possession of all licenses and
authorizations necessary to carry on its business. Each Note Holder represents and warrants that (a) this Agreement has been
duly executed and delivered by such Note Holder, (b) to such Note Holder’s actual knowledge, all consents, approvals,
authorizations, orders or filings of or with any court or governmental agency or body, if any, required for the execution,
delivery and performance of this Agreement by such Note Holder have been obtained or made and (c) to such Note Holder’s
actual knowledge, there is no pending action, suit or proceeding, arbitration or governmental investigation against such Note
Holder, an adverse outcome of which would materially and adversely affect its performance under this Agreement.

 

Section
12.        No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action
taken pursuant hereto shall be deemed to constitute the relationship created hereby between the Note Holders as a
partnership, association, joint venture or other entity. 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 and
receive payments on such other loans or extensions of credit to such parties and otherwise act with respect thereto freely
and without accountability in the same manner as if this Agreement and the transactions contemplated hereby were not in
effect.

 

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Section 14.        Sale
of the Notes.

 

(a)           Each
Note Holder agrees that it will not sell, assign, transfer, pledge, syndicate, participate, hypothecate, contribute, encumber or
otherwise dispose (either (i) directly or (ii) indirectly through entering into a derivatives contract or any other similar agreement,
excluding a repo financing or a Pledge in accordance with Section 14(d)) of a Note (a “Transfer”) except to
a Qualified Institutional Lender. 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 to an entity that constitutes a Qualified Institutional Lender pursuant to clause (c)(iii)
of the definition thereof (and the related pooling and servicing agreement or similar agreement requires the parties thereto to
comply with this Agreement) or in accordance with the immediately following sentence) 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. Notwithstanding the foregoing, without each non-transferring
Note Holder’s prior consent (which will not be unreasonably withheld), and, if any non-transferring Note Holder’s Note
is held in a Securitization Trust, until a Rating Agency Communication is provided to 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 a Mortgage Loan
Borrower 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 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, to Transfer 49% or less (in the aggregate) of its Note or any beneficial interest in
its Note. None of the provisions of this Section 14(a) shall apply in the case of (1) a sale of all of the 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

 

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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 a Mortgage
Loan Borrower Party) 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) (a “Note Pledgee”), on terms and conditions set forth in this Section 14(c), it being
further agreed that a financing provided by a Note Pledgee to a Note Holder or any Person which Controls such Note that is secured
by its Note and is structured as a repurchase arrangement, shall qualify as a “Pledge” hereunder, provided that
a Note Pledgee which is not a Qualified Institutional Lender may not take title to the pledged Note without a Rating Agency Confirmation.
Upon written notice by the applicable Note Holder to each other Note Holder and any Servicer that a Pledge has been effected (including
the name and address of the applicable Note Pledgee), each other Note Holder agrees to acknowledge receipt of such notice and thereafter
agrees: (i) to give Note Pledgee written notice of any default by the pledging Note Holder in respect of its obligations under
this Agreement of which default such Note Holder has actual knowledge and accept any cure thereof by such Note Pledgee which such
pledging Note Holder has the right (but not the obligation) to effect hereunder, as if such cure were made by such pledging Note
Holder; (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 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 (v) 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. A 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 a Mortgage Loan Borrower Party which is also a Qualified Institutional
Lender at any foreclosure or similar sale held by such Note Pledgee or

 

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any transfer in lieu of foreclosure), and its successor
and assigns, as the successor to the pledging Note Holder’s rights, remedies and obligations under this Agreement, and any
such Note Pledgee or Qualified Institutional Lender shall assume in writing the obligations of the pledging Note Holder hereunder
accruing from and after such Transfer (i.e., realization upon the collateral by such Note Pledgee) and agrees to be bound
by the terms and provisions of this Agreement. The rights of a Note Pledgee under this Section 14(c) shall remain effective as
to any Note Holder (and any Servicer) unless and until such Note Pledgee shall have notified any such Note Holder (and any Servicer,
as applicable) in writing that its interest in the pledged Note has terminated.

 

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

 

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

 

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

 

(iii)         Such
Note Holder pledges 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 Initial Agent shall serve
as the initial note registrar and the Initial Agent hereby accepts such appointment. The names and addresses of the Note
Holders 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

 

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of
each other Note Holder. To the extent the Trustee or another party is appointed as Agent hereunder, each Note Holder hereby
designates such Person as its agent under this Section 15 solely for purposes of maintaining the Note Register.

 

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

 

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

 

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

 

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

 

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SUCH ACTION OR PROCEEDING
WAS BROUGHT IN AN INCONVENIENT COURT AND AGREES NOT TO PLEAD OR CLAIM THE SAME;

 

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

 

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

 

Section
18.       Modifications. This Agreement shall not be modified, cancelled or terminated except by an instrument in writing
signed by each Note Holder. Additionally, for as long as any Note is contained in a Securitization Trust, the Note Holders
shall not amend or modify this Agreement without first delivering a Rating Agency Communication to each Rating Agency; provided
that no such Rating Agency Communication shall be required in connection with a modification (i) to cure any ambiguity, to
correct or supplement any provisions herein that may be defective or inconsistent with any other provisions herein or with
the Lead Securitization Servicing Agreement or (ii) to make other provisions with respect to matters or questions arising
under this Agreement, which shall not be inconsistent with the provisions of this Agreement including without limitation in
connection with the creation of New Notes pursuant to Section 31.

 

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.

 

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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 constituting a Non-Exempt Person, the 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
Non-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 Non-Lead
Securitization Note Holder in reliance upon any representation, certificate, statement, document or instrument made or provided
by such Non-Lead Securitization 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 Non-Lead Securitization 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 Non-Lead Securitization 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
Non-Lead Securitization Note Holder represents to the Lead Securitization Note Holder (for the benefit of the Mortgage Loan Borrower)
that it is not a Non-Exempt Person and that neither the Lead Securitization Note Holder nor the Mortgage Loan Borrower is obligated
under applicable law to withhold Taxes on sums paid to it with respect to the Mortgage Loan or otherwise pursuant to this Agreement.
Contemporaneously with the 

 

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

 

Section
25.       Custody of Mortgage Loan Documents. The originals of all of the Mortgage Loan Documents (other than each
Non-Lead Securitization Note) (a) prior to the Lead Securitization will be held by the Initial Agent and (b) after the Lead
Securitization, will be held by the Lead Securitization Note Holder (in the name of the Trustee and held by a duly appointed
custodian therefor in accordance with the Lead Securitization Servicing Agreement), in each case, on behalf of the registered
holders of the Notes. Following any Non-Lead Securitization Date, the applicable Non-Lead Securitization Note shall be held
in the name of the related Non-Lead Trustee (and held by a duly appointed custodian therefor), on behalf of the applicable
Non-Lead Securitization Note Holder.

 

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

 

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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 Securitizing Note Holder (without any obligation to make additional representations
and warranties) to enable the Securitizing Note Holder to make all necessary certifications and deliver all necessary opinions
(including customary securities law opinions) in connection with the Mortgage Loan and such Securitization), as well as in connection
with all other matters and 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) sent by facsimile transmission (during business hours) if the sender on
the same day sends a confirming copy of such notice by reputable overnight delivery service (charges prepaid), (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.

 

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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 officer’s certificate
or assignment and assumption agreement delivered to the Agent pursuant to Section 14 and Section 15;

 

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

 

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

 

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

 

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

 

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

 

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

 

Section 30.        Resignation
of Agent.

 

(a)           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. MSBNA, 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 MSBNA without any further notice or other action. The termination or resignation of such
Master Servicer, as Master Servicer under the Lead Securitization Servicing Agreement, shall be deemed a termination or resignation
of such Master Servicer as Agent under this Agreement, and any successor master servicer shall be deemed to have been automatically
appointed as the successor Agent under this Agreement in place thereof without any further notice or other action.

 

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Section
31.        Resizing. Notwithstanding any other provision of this Agreement, for so long as an Initial Note Holder or an
affiliate thereof (an “Original Entity”) is the owner of a Note (each, an “Owned
Note”), such Original Entity shall have the right, subject to the terms of the Mortgage Loan Documents, to cause
the Mortgage Loan Borrower to execute amended and restated notes or additional notes (in either case, “New
Notes”) reallocating the principal of an Owned Note to such New Notes; or severing an Owned Note into one or more
further “component” notes in the aggregate principal amount equal to the then outstanding principal balance of
such Owned Note provided that (i) the aggregate principal balance of all outstanding New Notes following such
amendments is no greater than the aggregate principal of such Owned Note prior to such amendments, (ii) all Notes,
Senior Notes and Junior Notes continue to have the same weighted average interest rate as the Notes, Senior Notes and Junior
Notes, respectively, prior to such amendments, (iii) all Senior Notes pay on a Pro Rata and Pari Passu Basis (to the extent
set forth in Section 3), all Junior Notes pay on a Pro Rata and Pari Passu Basis (to the extent set forth in Section 3) and
such reallocated or component notes shall be automatically subject to the terms of this Agreement, and (iv) the Original
Entity holding the New Notes shall notify the Lead Securitization Note Holder, the Master Servicer, the Special Servicer, the
Certificate Administrator and the Trustee in writing of such modified allocations and principal amounts. If the Lead
Securitization Note Holder so requests, the Original Entity holding the New Notes (and any subsequent holder of such Notes)
shall execute a confirmation of the continuing applicability of this Agreement to the New Notes, as so modified. Except for
the foregoing reallocation and for modifications pursuant to the Lead Securitization Servicing Agreement (as discussed in
Section 5), no Note may be modified or amended without the consent of its holder and the consent of the holders of the other
Notes. In connection with the foregoing (provided the conditions set forth in (i) through (v) above are satisfied and, with
respect to the conditions set forth in (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 and if a Note is severed into more than one New Note, each New Note shall have the same rights
as the respective original Note and each New Note shall be a “Note” hereunder and for purposes of adding and
modifying any definitions related thereto. 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, as applicable, 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.

 

Section 32.        Not
a Security. No Note shall be deemed to be a security within the meaning of the Act or the Exchange Act.

 

[SIGNATURE PAGE FOLLOWS]

 

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

  

	 	MORGAN STANLEY BANK, N.A., as Initial Note A-1 Holder and Initial Note B-1 Holder
	 	 	 
	 	By:	/s/ Kristin Sansone
	 	 	Name: Kristin Sansone
	 	 	Title:   Executive Director

 

	 	DEUTSCHE
    BANK AG, acting through its New York Branch, as Initial Note A-2 Holder and Initial Note B-2 Holder
	 	 	 
	 	By:	/s/ MATT
    SMITH
	 	 	Name: MATT
    SMITH
	 	 	Title:   Director
	 	 	 
	 	By:	/s/ NATALIE
    D. GRAINGER
	 	 	Name: NATALIE
    D. GRAINGER
	 	 	Title:   Director

 

	 	CITIGROUP GLOBAL MARKETS
REALTY CORP., as Initial Note A-3 Holder and Initial Note B-3 Holder
	 	 	 
	 	By:	/s/
    Richard W. Simpson
	 	 	Name: Richard W. Simpson
	 	 	Title:   Authorized Signatory

 

BXP 2017-GM -
Co-Lender Agreement 

 

     

     

    

 

	 	WELLS FARGO BANK, NATIONAL
ASSOCIATION, as Initial Note A-4 Holder and Initial Note B-4 Holder
	 	 	 
	 	By:	/s/
    Jeffrey L. Cirillo
	 	 	Name: Jeffrey L. Cirillo
	 	 	Title: Managing Director

 

	 	CANTOR COMMERCIAL REAL ESTATE
LENDING, L.P., as Initial CCRE Note Holder
	 	 	 
	 	By:	/s/
    Gary Stellato
	 	 	Name: Gary Stellato
	 	 	Title: Secretary

 

BXP 2017-GM -
Co-Lender Agreement (CCRE)

 

     

     

    

 

EXHIBIT A

MORTGAGE LOAN SCHEDULE

 

Description of Mortgage Loan

 

	Mortgage Loan Borrower:	767 Fifth Partners LLC
	Date of Mortgage Loan:	June 7, 2017
	Date of Notes:	June 7, 2017
	Original Principal Amount of Mortgage Loan:	$2,300,000,000
	Principal Amount of Mortgage Loan as of the date hereof:	$2,300,000,000
	Location of Mortgaged Property:	767 Fifth Avenue

New York, New York 10153
	Initial Maturity Date:	June 9, 2027

 

    A-1

     

    

 

Promissory Notes

 

	Note	Interest Rate	Initial Note 

Principal Balance	Initial Owner
	Note A-1-S	3.43%	$176,800,000	Initial Note A-1 Holder
	Note A-1-C1	3.43%	$69,700,000	Initial Note A-1 Holder
	Note A-1-C2	3.43%	$37,500,000	Initial Note A-1 Holder
	Note A-1-C3	3.43%	$37,500,000	Initial Note A-1 Holder
	Note A-1-C4	3.43%	$74,400,000	Initial Note A-1 Holder
	Note A-1-A1	3.43%	$28,900,000	Initial CCRE Note Holder
	Note A-1-A2	3.43%	$37,500,000	Initial Note A-1 Holder
	Note A-1-A3	3.43%	$37,500,000	Initial Note A-1 Holder
	Note A-2-S	3.43%	$114,400,000	Initial Note A-2 Holder
	Note A-2-C1	3.43%	$45,100,000	Initial Note A-2 Holder
	Note A-2-C2	3.43%	$75,000,000	Initial Note A-2 Holder
	Note A-2-C3	3.43%	$30,000,000	Initial Note A-2 Holder
	Note A-2-A1	3.43%	$18,700,000	Initial CCRE Note Holder
	Note A-2-A2	3.43%	$10,200,000	Initial Note A-2 Holder
	Note A-2-A3	3.43%	$30,000,000	Initial Note A-2 Holder
	Note A-3-S	3.43%	$114,400,000	Initial Note A-3 Holder
	Note A-3-C1	3.43%	$45,100,000	Initial Note A-3 Holder
	Note A-3-C2	3.43%	$37,500,000	Initial Note A-3 Holder
	Note A-3-C3	3.43%	$37,500,000	Initial Note A-3 Holder
	Note A-3-A1	3.43%	$18,700,000	Initial CCRE Note Holder
	Note A-3-A2	3.43%	$37,500,000	Initial Note A-3 Holder
	Note A-3-A3	3.43%	$32,700,000	Initial Note A-3 Holder
	Note A-4-S	3.43%	$114,400,000	Initial Note A-4 Holder
	Note A-4-C1	3.43%	$45,100,000	Initial Note A-4 Holder
	Note A-4-C2	3.43%	$37,500,000	Initial Note A-4 Holder
	Note A-4-C3	3.43%	$32,400,000	Initial Note A-4 Holder
	Note A-4-A1	3.43%	$18,700,000	Initial CCRE Note Holder
	Note A-4-A2	3.43%	$45,100,000	Initial Note A-4 Holder
	Note A-4-A3	3.43%	$30,200,000	Initial Note A-4 Holder
	Note B-1-S	3.43%	$282,200,000	Initial Note B-1 Holder
	Note B-2-S	3.43%	$182,600,000	Initial Note B-2 Holder
	Note B-3-S	3.43%	$182,600,000	Initial Note B-3 Holder
	Note B-4-S	3.43%	$182,600,000	Initial Note B-4 Holder

 

    A-2

     

    

 

EXHIBIT B

 

1.       Initial Note
A-1 Holder and Initial Note B-1 Holder:

 

Morgan Stanley Bank, N.A.

Notice Address:

Morgan Stanley Bank, N.A.

1585 Broadway

New York, New York 10036

Attention: Jane Lam

 

with copies to:

 

Morgan Stanley Bank, N.A.

1221 Avenue of the Americas

New York, New York 10020

Attention: Legal Compliance Division

 

cmbs_notices@morganstanley.com

 

2.       Initial Note
A-2 Holder and Initial Note B-2 Holder:

Deutsche Bank AG, acting through its New York Branch

Notice Address:

Deutsche Bank AG, acting through its New York Branch

60 Wall Street

New York, New York 10005

Attention: Robert Pettinato

E-mail: Robert.Pettinato@db.com

 

with a copy to:

 

Deutsch Bank AG, acting through its New York Branch

60 Wall Street

New York, New York 10005

Attention: General Counsel

 

3.       Initial Note
A-3 Holder and Initial Note B-3 Holder:

Citigroup Global Markets Realty Corp.

Notice Address:

Citigroup Global Markets Realty Corp.

390 Greenwich Street, 7th Floor

 

    B-1

     

    

 

New York, New York 10013

Attention: Ana Rosu Marmann

 

with copies to:

 

Citigroup Global Markets Realty Corp.

390 Greenwich Street, 5th Floor

New York, New York 10013

Attention: Paul Vanderslice

E-mail: paul.t.vanderslice@citi.com

 

Citigroup Global Markets Realty Corp.

390 Greenwich Street, 7th Floor

New York, New York 10013

Attention: Richard Simpson

E-mail: richard.simpson@citi.com

 

Ryan M. O’Connor

 

E-mail: ryan.m.oconnor@citi.com

 

4.       Initial Note
A-4 Holder and Initial Note B-4 Holder:

Wells Fargo Bank, National Association

Notice Address:

 

Wells Fargo Bank, National Association

375 Park Avenue, 2nd Floor

J0127-023

New York, New York 10152

Attention: A.J. Sfarra

 

with a copy to:

 

Jeff D. Blake, Esq.

Senior Counsel

Wells Fargo Law Department

D1053-300

301 South College St.

Charlotte, North Carolina 28288

 

5. Initial CCRE Note Holder:

Cantor Commercial Real Estate Lending, L.P.

 

Notice Address:

 

    B-2

     

    

 

Cantor Commercial Real Estate Lending, L.P.

110 East 59th Street, 6th Floor

New York, New York 10022

Attention: Legal Department

Email: 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

Email: lisa.pauquette@cwt.com

 

    B-3

     

    

 

EXHIBIT C

PERMITTED FUND MANAGERS

 

		1.	AllianceBernstein

		2.	Annaly Capital Management

		3.	Apollo Real Estate Advisors

		4.	Archon Capital, L.P.

		5.	AREA Property Partners

		6.	Artemis Real Estate Partners

		7.	BlackRock, Inc.

		8.	Clarion Partners

		9.	Colony Capital, LLC

		10.	DLJ Real Estate Capital Partners

		11.	Dune Real Estate Partners

		12.	Eightfold Real Estate Capital, L.P.

		13.	Five Mile Capital Partners

		14.	Fortress Investment Group, LLC

		15.	Garrison Investment Group

		16.	H/2 Capital Partners LLC

		17.	Hudson Advisors

		18.	Investcorp International

		19.	iStar Financial Inc.

		20.	J.P. Morgan Investment Management Inc.

		21.	JER Partners

		22.	Lend-Lease Real Estate Investments

		23.	Libermax Capital LLC

		24.	LoanCore Capital

		25.	Lone Star Funds

		26.	Lowe Enterprises

		27.	Normandy Real Estate Partners

		28.	Och-Ziff Capital Management Group

		29.	Praedium Group

		30.	Raith Capital Partners, LLC

		31.	Rialto Capital Management LLC

		32.	Rialto Capital Advisors LLC

		33.	Rockpoint Group

		34.	Rockwood

		35.	RREEF Funds

		36.	Square Mile Capital Management

		37.	The Blackstone Group

		38.	The Carlyle Group

		39.	Torchlight Investors

		40.	Walton Street Capital, L.L.C.

		41.	Westbrook Partners

		42.	Wheelock Street Capital

 

    C-1

     

    

 

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

 

    C-2Exhibit 4.12

 

EXECUTION VERSION

 

CO-LENDER
AGREEMENT

 

Dated
as of May 12, 2017

by and among

 

BANK
OF AMERICA, N.A.

(Initial Note 1 Holder)

 

and

 

BARCLAYS
BANK PLC

(Initial Note 2 Holder)

 

and

 

SOCIÉTÉ
GÉNÉRALE

(Initial Note 3 Holder)

 

and

 

WELLS
FARGO BANK, NATIONAL ASSOCIATION

(Initial Note 4 Holder)

 

Del
Amo

 

     

     

    

 

TABLE
OF CONTENTS

 

	 	 	Page
	 	 	 
	Section
    1	Definitions	1
	Section 2
    	Servicing
of the Mortgage Loan	16
	Section 3
    	Priority
of Payments	21
	Section
4    	Workout	24
	Section 5
    	Administration
of the Mortgage Loan	25
	Section
    6	Appointment
of a Controlling Note Holder Representative and a Non-Controlling Note Holder Representative	27
	Section 7
    	Appointment
of Special Servicer	31
	Section
8    	Payment
Procedure	32
	Section
9    	Limitation
on Liability of the Note Holders	33
	Section
10    	Bankruptcy	33
	Section
    11	Representations
of the Note Holders	34
	Section
    12	No
Creation of a Partnership or Exclusive Purchase Right	34
	Section
    13	Other
Business Activities of the Note Holders	35
	Section
    14	Sale
of the Notes	35
	Section
    15	Registration
of the Notes and Each Note Holder	38
	Section
    16	Governing
Law; Waiver of Jury Trial	38
	Section
    17	Submission
To Jurisdiction; Waivers	39
	Section
    18	Modifications	39
	Section
    19	Successors
and Assigns; Third Party Beneficiaries	39
	Section
20   	Counterparts	40
	Section
    21	Captions	40
	Section
22    	Severability	40
	Section 23
    	Entire
Agreement	40
	Section
24    	Withholding
Taxes	40
	Section
25    	Custody
of Mortgage Loan Documents	41
	Section
26    	Cooperation
in Securitization	42
	Section
27    	Notices	44
	Section
28    	Broker	44
	Section
29    	Certain Matters Affecting the Agent	44
	Section
30    	Termination
and Resignation of Agent	44
	Section
    31	Resizing	45

 

    i 

     

    

 

THIS
CO-LENDER AGREEMENT (this “Agreement”), dated as of May 12, 2017, by and among BANK OF AMERICA, N.A. (“BANA”
and together with its successors and assigns in interest, in its capacity as initial owner of Note A-1-1, Note A-1-2, Note A-1-3,
Note A-1-4, Note B-1-1, Note B-1-2, Note B-1-3, Note B-1-4, Note C-1, Note D-1 and Note E-1, the “Initial Note 1 Holder”,
and in its capacity as the initial agent, the “Initial Agent”), BARCLAYS BANK PLC (“Barclays”
and together with its successors and assigns in interest, in its capacity as initial owner of Note A-2-1, Note A-2-2, Note A-2-3,
Note A-2-4, Note B-2-1, Note B-2-2, Note B-2-3, Note B-2-4, Note C-2, Note D-2 and Note E-2, the “Initial Note 2 Holder”),
SOCIÉTÉ GÉNÉRALE (“SocGen” and together with its successors and assigns in interest,
in its capacity as initial owner of Note A-3-1, Note A-3-2, Note A-3-3, Note A-3-4, Note B-3-1, Note B-3-2, Note B-3-3, Note B-3-4,
Note C-3, Note D-3 and Note E-3, the “Initial Note 3 Holder”) and WELLS FARGO BANK, NATIONAL ASSOCIATION (“WFB”
and together with its successors and assigns in interest, in its capacity as initial owner of Note A-4-1, Note A-4-2, Note A-4-3,
Note A-4-4, Note B-4-1, Note B-4-2, Note B-4-3, Note B-4-4, Note C-4, Note D-4 and Note E-4, the “Initial Note 4 Holder”
and, collectively with the Initial Note 1 Holder, Initial Note 2 Holder and Initial Note 3 Holder, the “Initial Note
Holders”).

 

W
I T N E S S E T H:

 

WHEREAS,
pursuant to the Mortgage Loan Agreement (as defined herein), BANA, Barclays, SocGen and WFB originated a certain loan (the “Mortgage
Loan”) described on the schedule attached hereto as Exhibit A (the “Mortgage Loan Schedule”) to the
mortgage loan borrower described on the Mortgage Loan Schedule (the “Mortgage Loan Borrower”), which was evidenced,
inter alia, by 44 Notes in the aggregate original principal amount of $585,000,000 made by the Mortgage Loan Borrower in
favor of the Initial Note Holders; and secured by a first mortgage (as amended, modified or supplemented, the “Mortgage”)
on certain real property located as described in the Mortgage Loan Agreement (collectively, the “Mortgaged Property”);
and

 

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 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.

 

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

 

     

     

    

 

“Administrative
Advance” shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

 

“Advance”
shall mean any Administrative Advance, P&I Advance or Servicing Advance.

 

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

 

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

 

“Agent
Office” shall mean the designated office of the Agent, which office, as of the date of this Agreement, is the office
of the Initial Note 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, the exhibits and schedule hereto and all amendments hereof and supplements hereto.

 

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

 

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

 

“B
Notes” shall mean each of Note B-1-1, Note B-1-2, Note B-1-3, Note B-1-4, Note B-2-1, Note B-2-2, Note B-2-3, Note B-2-4,
Note B-3-1, Note B-3-2, Note B-3-3, Note B-3-4, Note B-4-1, Note B-4-2, Note B-4-3 and Note B-4-4.

 

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

 

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

 

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

 

“Borrower
Affiliate” shall have the meaning set forth in the Lead Securitization Servicing Agreement; provided that in
the event that any Non-Controlling Note is securitized in a Securitization, the term ‘Borrower Affiliate” as used
in the definitions of “Non-Controlling Note Holder” and “Non-Controlling Note Holder Representative” shall
refer to a “Borrower Party” as defined in the related Non-Lead Securitization Servicing Agreement or such other analogous
term used in the related Non-Lead Securitization Servicing Agreement.

 

     2

     

    

 

“C
Notes” shall mean each of Note C-1, Note C-2, Note C-3 and Note C-4.

 

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

 

“Certificate
Administrator” shall mean Wells Fargo Bank, National Association or its successor in interest, or any successor Certificate
Administrator appointed as provided in the Lead Securitization Servicing Agreement. “Code” shall mean the Internal
Revenue Code of 1986, as amended.

 

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

 

“Companion
Distribution Account” shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

 

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

 

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

 

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

 

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

 

“Controlling
Class Representative” shall have the meaning assigned to the term “Directing Certificateholder” in the Lead
Securitization Servicing Agreement.

 

“Controlling
Note Holder” shall mean the Note A-1-1 Holder; provided that at any time Lead Securitization Notes are included
in the Lead Securitization, references to the “Controlling Note Holder” herein shall mean the holders of the majority
of the class of securities issued in the Lead Securitization designated as the “controlling class” or such other class(es)
otherwise assigned the rights to exercise the rights of the “Controlling Note Holder” under this Agreement or the
Lead Securitization Servicing Agreement, as and to the extent provided in the Lead Securitization Servicing Agreement; provided,
further, that if at any time 50% or more of the Lead Securitization Notes (or class of securities issued in the Lead Securitization
designated as the “controlling class” or such other class(es) otherwise assigned the rights to exercise the

 

     3

     

    

 

rights
of the “Controlling Note Holder”) is held by a Borrower Affiliate, the Lead Securitization Notes (or the class of
securities issued in the Lead Securitization designated as the “controlling class” or such other class(es) otherwise
assigned the rights to exercise the rights of the “Controlling Note Holder”) shall not be entitled to exercise any
rights of the Controlling Note Holder under this Agreement or the Lead Securitization Servicing Agreement, as and to the extent
provided in the Lead Securitization Servicing Agreement.

 

“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.

 

“D
Notes” shall mean each of Note D-1, Note D-2, Note D-3 and Note D-4.

 

“Defaulted
Loan” shall mean “Specially Serviced Mortgage Loan” as defined in the Lead Securitization Servicing Agreement.

 

“Depositor”
shall mean Banc of America Merrill Lynch Large Loan, Inc.

 

“E
Notes” shall mean each of Note E-1, Note E-2, Note E-3 and Note E-4.

 

“Event
of Default” shall mean, with respect to the Mortgage Loan, an “Event of Default” 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 1 Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

 

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

 

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

 

“Initial
Note 4 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

 

     4

     

    

 

application of the assets
of the Mortgage Loan Borrower for the benefit of its creditors, the appointment of or any proceeding seeking the appointment of
a trustee, receiver or other similar custodian for all or any substantial part of the assets of the Mortgage Loan Borrower or
any other action concerning the adjustment of the debts of the Mortgage Loan Borrower, the cessation of business by the Mortgage
Loan Borrower, except following a sale, transfer or other disposition of all or substantially all of the assets of the Mortgage
Loan Borrower in a transaction permitted under the Mortgage Loan Documents; provided, however, that following any
such permitted transaction affecting the title to the Mortgaged Property, the Mortgage Loan Borrower for purposes of this Agreement
shall be defined to mean the successor owner of the Mortgaged Property from time to time as may be permitted pursuant to the Mortgage
Loan Documents; provided, further, however, that for the purposes of this definition, in the event that more
than one entity comprises the Mortgage Loan Borrower, the term “Mortgage Loan Borrower” shall refer to any such entity.

 

“Interest
Rate” shall mean the Note Rate (as defined in the Mortgage Loan Documents).

 

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

 

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

 

“Lead
Securitization” shall mean the Securitization of the Lead Securitization Notes in a Securitization Trust to be designated
by the Initial Note A-1-1 Holder (in its capacity as Controlling Note Holder).

 

“Lead
Securitization Notes” shall mean the Note A-1-1, Note A-2-1, Note A-3-1, Note A-4-1, Note B-1-1, Note B-2-1, Note B-3-1,
Note B-4-1, the C Notes, the D Notes and the E Notes.

 

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

 

“Lead
Securitization Servicing Agreement” shall mean the trust and servicing agreement to be entered into in connection with
the Securitization of the Lead Securitization Notes and issuance of the Del Amo Fashion Center Trust 2017-AMO, Commercial Mortgage
Pass-Through Certificates, Series 2017-AMO, by and among (a) the Depositor, (b) the Master Servicer, (c) the Special Servicer,
(d) the Certificate Administrator, (e) the Trustee and (f) the Operating Advisor.

 

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

 

“Major
Decisions” shall have the meaning given to such term in the Lead Securitization Servicing Agreement.

 

     5

     

    

 

“Master
Servicer” shall mean KeyBank National Association or its successor in interest, or any successor servicer appointed
as provided in the Lead Securitization Servicing Agreement.

 

“Monthly
Payment Date” shall mean the Scheduled Payment Date (as defined in 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
Loan” shall have the meaning assigned to such term in the recitals.

 

“Mortgage
Loan Agreement” shall mean the Loan Agreement, dated as of May 12, 2017, between Del Amo Fashion Center Operating Company,
L.L.C. and Del Amo Residual Operating Company, L.L.C., as Borrower, and BANA, Barclays, SocGen and WFB, collectively, as Lender,
as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

 

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

 

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

 

“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.

 

“Nonrecoverable
Advance” shall mean, (i) with respect to any Advances made by the Master Servicer or the Trustee under the Lead Securitization
Servicing Agreement, “Nonrecoverable Advance” as defined in the Lead Securitization Servicing Agreement, and (ii)
with respect to any P&I Advance made by a party to a Non-Lead Securitization Servicing Agreement, “Nonrecoverable Advance”
or any analogous term as defined in such Non-Lead Securitization Servicing Agreement.

 

“Non-Controlling
Notes” shall mean the Note A-1-2, Note A-1-3, Note A-1-4, Note A-2-2, Note A-2-3, Note A-2-4, Note A-3-2, Note A-3-3,
Note A-3-4, Note A-4-2, Note A-

 

     6

     

    

 

4-3, Note A-4-4, Note B-1-2, Note B-1-3, Note B-1-4, Note B-2-2, Note B-2-3, Note B-2-4, Note B-3-2,
Note B-3-3, Note B-3-4, Note B-4-2, Note B-4-3 and Note B-4-4.

 

“Non-Controlling
Note Holder” shall mean the Note Holder of any Non-Controlling Note; provided that with respect to each Non-Controlling
Note, at any time such Non-Controlling Note is included in a Securitization other than the Lead Securitization, references to
the “Non-Controlling Note Holder” herein shall mean the Non-Lead Securitization Subordinate Class Representative under
the related Non-Lead Securitization Servicing Agreement, as and to the extent provided in such Non-Lead 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, further that if at any time 50% or more of any Non-Controlling Note (or
class of securities issued in any Non-Lead Securitization designated as the “controlling class” or such other class(es)
otherwise assigned the rights to exercise the rights of the “controlling class” under the related Non-Lead Securitization
Servicing Agreement) is held by a Borrower Affiliate, no such Note Holder or other Person shall be entitled to exercise any rights
of such Non-Controlling Note Holder under this Agreement or the related Non-Lead Securitization Servicing Agreement, as and to
the extent provided in the related Non-Lead Securitization Servicing Agreement. 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 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 Non-Lead Securitization Servicing Agreement assigns such rights to more than one party or (y) to
the extent a Non-Controlling Note is split into two or more New Notes pursuant to Section 31 or more than one Note in such Securitization,
for purposes of this Agreement, the Non-Lead 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 the Non-Controlling Note Holder with respect to such Non-Controlling
Note Holder for all purposes of this Agreement. As of the date hereof and until further notice from the Non-Controlling Note Holder
(or the Non-Lead Master Servicer or another party acting on its behalf), the Initial Note Holder of each Non-Controlling Note
is the Non-Controlling Note Holder with respect to such Non-Controlling Note.

 

Prior
to Securitization of any Non-Controlling Note (including any New Notes), all notices, reports, information or other deliverables
required to be delivered to the related Non-Controlling 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 Non-Controlling Note Holder Representative and, when so delivered to such Non-Controlling Note
Holder Representative, 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 Securitization of any Non-Controlling Note, all notices, reports, information or other deliverables
required to be delivered to the related Non-Controlling Note Holder pursuant to this

 

     7

     

    

 

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 related Non-Lead Master Servicer and the related Non-Lead Special Servicer (who then may forward such items to
the party entitled to receive such items as and to the extent provided in the Non-Lead Securitization Servicing Agreement) and,
when so delivered to the related Non-Lead Master Servicer and the related Non-Lead Special Servicer, the Lead Securitization 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.

 

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

 

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

 

“Non-Lead
Asset Representations Reviewer” shall mean the “asset representations reviewer” under any Non-Lead Securitization
Servicing Agreement.

 

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

 

“Non-Lead
Master Servicer” shall have the meaning assigned to such term in Section 2(b).

 

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

 

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

 

“Non-Lead
Securitization Servicing Agreement” shall have the meaning assigned to such term in Section 2(b).

 

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

 

     8

     

    

 

Securitization Servicing Agreement;
provided that in the event that no controlling class exists or no controlling class has any consent or consultation rights
pursuant to the terms of the related Non-Lead Securitization Servicing Agreement, the Non-Lead Securitization Subordinate Class
Representative shall be the Non-Lead Special Servicer for such Non-Lead Securitization and shall be entitled to exercise the rights
of the related Non-Lead Securitization Subordinate Class Representative under this Agreement or the related Non-Lead Securitization
Servicing Agreement, as and to the extent provided in the related Non-Lead Securitization Servicing Agreement.

 

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

 

“Non-Lead
Servicer” shall mean any Non-Lead Master Servicer or Non-Lead Special Servicer, as the context may require.

 

“Non-Lead
Special Servicer” shall have the meaning assigned to such term in Section 2(b).

 

“Non-Lead
Trustee” shall have the meaning assigned to such term in Section 2(b).

 

“Note”
shall mean each promissory note with the designation and original principal amount set forth below, each dated as of May 12, 2017,
made by the Mortgage Loan Borrower in favor of the Initial Note Holder set forth in the chart below, as such may be amended, modified
or supplemented.

 

	Note 
	 	Initial
                                         Note Holder
	 	Original
                                         Principal Balance

	Note
    A-1-1	 	BANA	 	$12,125,000
	Note
    A-1-2	 	BANA	 	$36,821,000
	Note
    A-1-3	 	BANA	 	$24,547,000
	Note
    A-1-4	 	BANA	 	$20,457,000
	Note
    A-2-1	 	Barclays	 	$12,125,000
	Note
    A-2-2	 	Barclays	 	$36,821,000
	Note
    A-2-3	 	Barclays	 	$24,547,000
	Note
    A-2-4	 	Barclays	 	$20,457,000
	Note
    A-3-1	 	SocGen	 	$12,125,000
	Note
    A-3-2	 	SocGen	 	$32,730,000
	Note
    A-3-3	 	SocGen	 	$28,638,000
	Note
    A-3-4	 	SocGen	 	$20,457,000
	Note
    A-4-1	 	WFB	 	$12,125,000
	Note
    A-4-2	 	WFB	 	$36,821,000
	Note
    A-4-3	 	WFB	 	$24,547,000
	Note
    A-4-4	 	WFB	 	$20,457,000
	Note
    B-1-1	 	BANA	 	$
    2,700,000
	Note
    B-1-2	 	BANA	 	$
    8,179,000
	Note
    B-1-3	 	BANA	 	$
    5,453,000
	Note
    B-1-4	 	BANA	 	$
    4,543,000
	Note
    B-2-1	 	Barclays	 	$
    2,700,000
	Note
    B-2-2	 	Barclays	 	$
    8,179,000
	Note
    B-2-3	 	Barclays	 	$
    5,453,000
	Note
    B-2-4	 	Barclays	 	$
    4,543,000
	Note
    B-3-1	 	SocGen	 	$
    2,700,000
	Note
    B-3-2	 	SocGen	 	$
    7,270,000
	Note
    B-3-3	 	SocGen	 	$
    6,362,000
	Note
    B-3-4	 	SocGen	 	$
    4,543,000
	Note
    B-4-1	 	WFB	 	$
    2,700,000
	Note
    B-4-2	 	WFB	 	$
    8,179,000
	Note
    B-4-3	 	WFB	 	$
    5,453,000
	Note
    B-4-4	 	WFB	 	$
    4,543,000
	Note
    C-1	 	BANA	 	$15,650,000

 

     9

     

    

 

	Note
    C-2	 	Barclays	 	$15,650,000
	Note
    C-3	 	SocGen	 	$15,650,000
	Note
    C-4	 	WFB	 	$15,650,000
	Note
    D-1	 	BANA	 	$10,775,000
	Note
    D-2	 	Barclays	 	$10,775,000
	Note
    D-3	 	SocGen	 	$10,775,000
	Note
    D-4	 	WFB	 	$10,775,000
	Note
    E-1	 	BANA	 	$
    5,000,000
	Note
    E-2	 	Barclays	 	$
    5,000,000
	Note
    E-3	 	SocGen	 	$
    5,000,000
	Note
    E-4	 	WFB	 	$
    5,000,000

 

“Note
A Holder” shall mean with regards to any A Note, the Initial Note Holder or any subsequent holder of such A Note, as
applicable.

 

“Note
B Holder” shall mean with regards to any B Note, the Initial Note Holder or any subsequent holder of such B Note, as
applicable.

 

“Note
C Holder” shall mean with regards to any C Note, the Initial Note Holder or any subsequent holder of such C Note, as
applicable.

 

“Note
D Holder” shall mean with regards to any D Note, the Initial Note Holder or any subsequent holder of such D Note, as
applicable.

 

“Note
E Holder” shall mean with regards to any E Note, the Initial Note Holder or any subsequent holder of such E Note, as
applicable.

 

“Note
Holder” shall mean with regards to any Note, the Initial Note Holder or any subsequent holder of such Note, as applicable.

 

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

 

“Note
Principal Balance” shall mean, with respect to each Note, at any time of determination, the Principal Balance for such
Note, as set forth on the Mortgage Loan Schedule, less any payments of principal thereon (or any New Notes issued in substitution
thereof) received by the related Note Holder (or any holders of New Notes in substitution thereof) or reductions in such amount
pursuant to Section 3 or 4, as applicable.

 

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

 

“Operating
Advisor” shall mean Park Bridge Lender Services LLC, or its successor-in-interest, or any successor Operating Advisor
appointed as provided in the lead Securitization Servicing Agreement.

 

“P&I
Advance” shall mean an advance made by (a) a party to the Lead Securitization Servicing Agreement in respect of a delinquent
monthly debt service payment on the Lead Securitization Note or (b) a party to any Non-Lead Securitization Servicing Agreement
in respect of a delinquent monthly debt service payment on the related Non-Controlling Note.

 

“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

 

     10

     

    

 

relating to commercial real estate, (ii) investing through a fund with total assets of at least $3,000,000,000 and committed capital
of at least $1,500,000,000 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 (i) with respect to the A Notes and the Note A Holders, the allocation of any
particular payment, collection, cost, expense, liability or other amount among such A Notes or such Note A Holders, as the case
may be, without any priority of any such A Note or any such Note A Holder over another such A Note or Note A Holder, as the case
may be, and in any event such that each A Note or Note A Holder, as the case may be, is allocated its respective Pro Rata Share
of such particular payment, collection, cost, expense, liability or other amount, (ii) with respect to the B Notes and the Note
B Holders, the allocation of any particular payment, collection, cost, expense, liability or other amount among such B Notes or
such Note B Holders, as the case may be, without any priority of any such B Note or any such Note B Holder over another such B
Note or Note B Holder, as the case may be, and in any event such that each B Note or Note B Holder, as the case may be, is allocated
its respective Pro Rata Share of such particular payment, collection, cost, expense, liability or other amount, (iii) with respect
to the C Notes and the Note C Holders, the allocation of any particular payment, collection, cost, expense, liability or other
amount among such C Notes or such Note C Holders, as the case may be, without any priority of any such C Note or any such Note
C Holder over another such C Note or Note C Holder, as the case may be, and in any event such that each C Note or Note C Holder,
as the case may be, is allocated its respective Pro Rata Share of such particular payment, collection, cost, expense, liability
or other amount, (iv) with respect to the D Notes and the Note D Holders, the allocation of any particular payment, collection,
cost, expense, liability or other amount among such D Notes or such Note D Holders, as the case may be, without any priority of
any such D Note or any such Note D Holder over another such D Note or Note D Holder, as the case may be, and in any event such
that each D Note or Note D Holder, as the case may be, is allocated its respective Pro Rata Share of such particular payment,
collection, cost, expense, liability or other amount, and (v) with respect to the E Notes and the Note E Holders, the allocation
of any particular payment, collection, cost, expense, liability or other amount among such E Notes or such Note E Holders, as
the case may be, without any priority of any such E Note or any such Note E Holder over another such E Note or Note E Holder,
as the case may be, and in any event such that each E Note or Note E Holder, as the case may be, is allocated its respective Pro
Rata Share of such particular payment, collection, cost, expense, liability or other amount.

 

“Pro
Rata Share” shall mean (a) with respect to each A Note and the Note A Holder of such A Note, a fraction, expressed as
a percentage, the numerator of which is the Note Principal Balance of such A Note and the denominator of which is the sum of the
Note Principal Balance of all of the A Notes, (b) with respect to each B Note and the Note Holder of such B Note, a fraction,
expressed as a percentage, the numerator of which is the Note Principal Balance of such B Note and the denominator of which is
the sum of the Note Principal Balance of all of the B Notes, (c) with respect to each C Note and the Note Holder of such C Note,
a fraction, expressed as a percentage, the numerator of which is the Note Principal Balance of such C Note and the denominator
of which is the sum of the Note Principal Balance of all of the C Notes, (d) with respect to each D Note and the Note Holder of
such D Note, a fraction, expressed as a

 

     11

     

    

 

percentage, the numerator of which is the Note Principal Balance of such D Note and the
denominator of which is the sum of the Note Principal Balance of all of the D Notes, and (e) with respect to each E Note and the
Note Holder of such E Note, a fraction, expressed as a percentage, the numerator of which is the Note Principal Balance of such
E Note and the denominator of which is the sum of the Note Principal Balance of all of the E Notes.

 

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

 

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

 

(b)           one
or more of the following:

 

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

 

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

 

(iii)       a
Qualified Trustee in connection with (a) a securitization of, (b) the creation of collateralized debt obligations or collateralized
loan 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 a Securitization; (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

 

     12

     

    

 

(iv)       an
investment fund, limited liability company, limited partnership or general partnership having capital and/or capital commitments
of at least $1,500,000,000, 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, 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
$1,500,000,000 in capital/statutory surplus or shareholders’ equity (except with respect to a pension advisory firm, asset
manager or similar fiduciary) and at least $3,000,000,000 in total assets (in name or under management), and (y) is regularly
engaged in the business of making or owning commercial real estate loans (or interests therein) similar to the Mortgage Loan (or
mezzanine loans with respect thereto) or owning or operating commercial real estate properties; provided that, in the case
of the entity described in clause (iv)(B) above, the requirements of this clause (y) may be satisfied by a general partner, managing
member, or the fund manager responsible for the day-to-day management and operation of such entity; or

 

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

 

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

 

“Rating
Agencies” shall mean 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 Note Holder to rate the securities issued in connection with
the Securitization of the related Note; provided, however, that, at any time during which the Mortgage Loan is an
asset of one or more Securitizations, “Rating Agencies” or “Rating Agency” shall mean only
those rating agencies that are engaged from time to time to rate the securities issued in connection with the Securitizations
of the Notes.

 

     13

     

    

 

“Rating
Agency Confirmation” shall mean following a Securitization with respect to any matter, confirmation in writing (which
may be in electronic form) by each applicable Rating Agency that a proposed action, failure to act or other event so specified
will not, in and of itself, result in the downgrade, withdrawal or qualification of the then-current rating assigned to any class
of certificates (if then rated by the Rating Agency); provided that a written waiver or other acknowledgment from the Rating
Agency indicating its decision not to review the matter for which the Rating Agency Confirmation is sought shall be deemed to
satisfy the requirement for the Rating Agency Confirmation from each Rating Agency with respect to such matter and after a Securitization,
the meaning given thereto or any analogous term in the Lead Securitization Servicing Agreement (with respect to Rating Agency
Confirmations to be obtained from Rating Agencies rating the Lead Securitization) or any Non-Lead Securitization Servicing Agreement
(with respect to Rating Agency Confirmations to be obtained from Rating Agencies rating such Non-Lead Securitization), including
any deemed Rating Agency Confirmation.

 

“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 may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Securities
and Exchange Commission or by the staff of the Securities and Exchange Commission, or as may be provided by the Securities and
Exchange Commission or its staff from time to time.

 

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

 

“Required
Special Servicer Rating” shall mean with respect to a special servicer (i) in the case of Fitch, a rating of “CSS3”,
(ii) in the case of S&P, such special servicer is on S&P’s Select Servicer List as a U.S. Commercial Mortgage Special
Servicer, (iii) in the case of Moody’s, such special servicer is acting as special servicer for one or more loans included
in a commercial mortgage loan securitization that was rated by Moody’s within the twelve (12) month period prior to the
date of determination, and Moody’s has not downgraded or withdrawn the then-current rating on any class of commercial mortgage
securities or placed any class of commercial mortgage securities on watch citing the continuation of such special servicer as
special servicer of such commercial mortgage loans, (iv) in the case of Morningstar, either (a) the applicable replacement has
a special servicer ranking of at least “MOR CS3” by Morningstar (if ranked by Morningstar) or (b) if not ranked by
Morningstar, is currently acting as a special servicer on a deal or transaction-level basis for all or a significant portion of
the related mortgage loans in other CMBS transactions rated by any of S&P, Moody’s, Morningstar, Fitch, DBRS or KBRA
and the trustee does not have actual knowledge that Morningstar has, and the replacement special servicer certifies that Morningstar
has not, with respect to any such other CMBS transaction, qualified, downgraded or withdrawn its rating or ratings on one or more
classes of such CMBS transaction citing servicing concerns of the applicable replacement as the sole or a material factor in such
rating action, (v) in the case of KBRA, KBRA has not cited servicing concerns of such special servicer as the sole or a material
factor in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation
of a ratings downgrade or withdrawal) of securities in a transaction serviced by such special servicer prior to the time of determination,
and (vi) in the case of DBRS, such special servicer is currently acting

 

     14

     

    

 

as special servicer for one or more loans included in
a commercial mortgage loan securitization that is rated by DBRS, and DBRS has not downgraded or withdrawn the then-current rating
on any class of commercial mortgage securities or placed any class of commercial mortgage securities on watch citing the continuation
of such special servicer as the sole or a 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.

 

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

 

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

 

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

 

“SEC”
shall mean the U.S. Securities and Exchange Commission.

 

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

 

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

 

“Securitization
Trust” shall mean a trust formed pursuant to a Securitization pursuant to which any Notes are held.

 

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

 

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

 

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

 

“Servicing
Advance” shall means “Property Protection Advances” as defined in the Lead Securitization Servicing Agreement.

 

“Servicing
Standard” shall mean “Accepted Servicing Practices” as defined in the Lead Securitization Servicing Agreement.

 

     15

     

    

 

“Servicing
Fee Rate” shall have the meaning given thereto in the Lead Securitization Servicing Agreement (or other analogous term
under the Lead Securitization Servicing Agreement).

 

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

 

“Special
Servicer” shall mean Cohen Financial, a Division of SunTrust Bank, or its successor in interest, or any successor Special
Servicer appointed as provided in the Lead Securitization Servicing Agreement and this 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.

 

“Trust
Fund Expenses” shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

 

“Trustee”
shall mean Wilmington Trust, National Association or its successor in interest, or any successor 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 Securitization Date pursuant to the Lead Securitization Servicing Agreement; provided that the Master Servicer
shall not be obligated to make P&I Advances in respect of any Non-Controlling Note if such principal or interest is not paid
by the Mortgage Loan Borrower but shall be obligated to make Servicing Advances and Administrative Advances, subject to the terms
of the Lead Securitization Servicing Agreement including any provisions governing the determination of non-recoverability. 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, the

 

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Special Servicer, the Certificate Administrator, the
Trustee and the Operating Advisor under the Lead Securitization Servicing Agreement by the Depositor as each such party may be
replaced pursuant to the terms of the Lead Securitization Servicing Agreement 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 irrevocably appoints the Master Servicer, the Special Servicer and the Trustee in
the Lead Securitization as such Note Holder’s attorney-in-fact to sign any documents reasonably required with respect to
the administration and servicing of the Mortgage Loan on its behalf under the Lead Securitization Servicing Agreement (subject
at all times to the rights of the Note Holder set forth herein and in the Lead Securitization Servicing Agreement). In no event
shall the Lead Securitization Servicing Agreement require the Servicer to enforce the rights of any Note Holder against any other
Note Holder or limit the Servicer in enforcing the rights of one Note Holder against any other Note Holder; however, this statement
shall not 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 to service the Mortgage Loan in accordance with the Servicing
Standard, the terms of the Mortgage Loan Documents, this Agreement, the Lead Securitization Servicing Agreement and applicable
law, shall provide information to each Non-Lead Servicer to enable such Non-Lead Servicer to perform its servicing duties under
the related Non-Lead Securitization Servicing Agreement and shall 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 (including, without limitation, all applicable provisions relating to delivery of information and reports necessary
for any Non-Lead Securitization to comply with any applicable reporting requirements under the Exchange Act) and all references
herein to the “Lead Securitization Servicing Agreement” shall mean such subsequent servicing agreement; provided,
however, that if any Non-Controlling Note is in a Securitization, then a Rating Agency Confirmation shall have been obtained
from each Rating Agency with respect to such subsequent servicing agreement, if applicable; provided, further, however,
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 was still in
full force and effect with respect to the Mortgage Loan, by the Servicer in the Lead Securitization or by any Person appointed
by the Lead Securitization Note Holder that is a master servicer meeting the requirements of the Lead Securitization Servicing
Agreement and a special servicer meeting the Required Special Servicer Rating; provided, however, the Servicer shall
have no obligation to make any P&I Advances on the Lead Securitization Notes.

 

(b)           The
Master Servicer shall be the master servicer on the Mortgage Loan, and from time to time it (or the Trustee, to the extent provided
in the Lead Securitization Servicing Agreement) (i) shall be required to make Servicing Advances and Administrative Advances with
respect to the Mortgage Loan, subject to the terms of the Lead Securitization Servicing Agreement and this Agreement, and (ii)
may be required to make P&I Advances on

 

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the Lead Securitization Notes, if and to the extent provided in the Lead Securitization
Servicing Agreement and this Agreement. The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled
to reimbursement for any Advance and interest thereon and Trust Fund Expenses in accordance with the terms of the Lead Securitization
Servicing Agreement and this Agreement.

 

Each
Non-Controlling Note Holder agrees to indemnify (i) (as and to the same extent the Lead Securitization Trust is required to indemnify
each of the following parties in respect of the Mortgage Loan pursuant to the terms of the Lead Securitization Servicing Agreement)
each of the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Operating Advisor and the Depositor
(and any director, officer, employee or agent of any of the foregoing, to the extent such parties are identified as indemnified
parties in the Lead Securitization Servicing Agreement in respect of the Mortgage Loan) and (ii) the Lead Securitization Trust
(such parties in clause (i) and the Lead Securitization Trust, collectively, the “Indemnified Parties”) against
any claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any other costs, liabilities, fees
and expenses incurred in connection with the servicing and administration of the Mortgage Loan and the Mortgaged Property (or,
with respect to the Operating Advisor, incurred in connection with the provision of services for the Mortgage Loan) under the
Lead Securitization Servicing Agreement (collectively, the “Indemnified Items”), in accordance with the next
paragraph.

 

Each
Non-Controlling Note Holder agrees to pay its Pro Rata Share of (i) any Servicing Advances or Administrative Advances and any
interest accrued and payable on such Advances at the Advance Rate (as defined in the Lead Securitization Servicing Agreement)
and (ii) any Trust Fund Expenses and any other fees, costs or expenses incurred in connection with the servicing and administration
of the Mortgage Loan (including, without, limitation, any Indemnified Items and any costs, fees and expenses related to obtaining
any Rating Agency Confirmation) in accordance with the Lead Securitization Servicing Agreement and this Agreement to the extent
that such amounts remain unpaid or unreimbursed after funds received from the Mortgage Loan Borrower for payment of such amounts
and any principal and interest collections allocable to the E Notes, D Notes and C Notes have been applied to pay such amounts
(it being understood that the Pro Rata Share payable by each Non-Controlling Note Holder under this paragraph would be determined
allocating such Servicing Advances, Administrative Advances, interest accrued and payable on such Advances, Trust Fund Expenses,
and/or other fees, costs or expenses, as the case may be, first to the E Notes, then to the D Notes, then to the C Notes, then
to the B Notes and then to the A Notes in that order).

 

Following
a Securitization of a Non-Controlling Note, in the event that (A) the Master Servicer or the Special Servicer has determined that
there has been a receipt of all Insurance Proceeds, Condemnation Proceeds and Liquidation Proceeds in respect of the Mortgage
Loan or the Mortgaged Property after the final liquidation or disposition of the Mortgage Loan or the Mortgaged Property and (B)
such Insurance Proceeds, Condemnation Proceeds and Liquidation Proceeds are insufficient for reimbursement of (i) any Servicing
Advances or Administrative Advances and any interest accrued and payable on such Advances at the Advance Rate (as defined in the
Lead Securitization Servicing Agreement), (ii) the Indemnified Items and (iii) any other Trust Fund Expenses and any other fees,
costs or expenses incurred in connection with the servicing and administration of the Mortgage Loan (including,

 

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without, limitation,
any fees, costs and expenses related to obtaining any Rating Agency Confirmation), such Non-Controlling Note Holder shall be required
to, promptly following notice from the Master Servicer or the Special Servicer, pay the Master Servicer, the Special Servicer,
the Certificate Administrator, the Trustee, the Operating Advisor or the Lead Securitization Trust, as applicable, such Non-Controlling
Note Holder’s pro rata share of the insufficiency (which shall be determined based on the original principal balance
of each Note and after allocating such Servicing Advances, Administrative Advances, interest accrued and payable on such Advances,
Trust Fund Expenses, and/or other fees, costs or expenses, as the case may be, first to the E Notes, then to the D Notes, then
to the C Notes, then to the B Notes and then to the A Notes, in that order) from general collections on the other mortgage loans
in the related Non-Lead Securitization Trust.

 

For
the avoidance of doubt, no Non-Controlling Holder shall be required to use general collections on the other mortgage loans in
the related Non-Lead Securitization Trust to reimburse any P&I Advances or any Nonrecoverable Advances that are P&I Advances
on the Lead Securitization Notes or any interest accrued and payable on such P&I Advances and Nonrecoverable Advances that
are P&I Advances.

 

The
master servicer or the trustee under the Securitization of any Non-Controlling Note (each, a “Non-Lead Master Servicer”)
may be required to make P&I Advances on such Non-Controlling Note, from time to time, subject to the terms of the servicing
agreement for the related Securitization (each such agreement, a “Non-Lead Securitization Servicing 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 Notes based on the information that they have on hand
and in accordance with the Lead Securitization Servicing Agreement. The Non-Lead Master Servicer and the special servicer and
the trustee under any Non-Lead Securitization Servicing Agreement (respectively, a “Non-Lead Special Servicer”
and a “Non-Lead Trustee”), as applicable, shall be entitled to make their own recoverability determination
with respect to a P&I Advance to be made on the Non-Controlling Note based on the information that they have on hand and in
accordance with such Non-Lead Securitization Servicing Agreement. The Master Servicer and the Trustee, as applicable, and any
Non-Lead Master Servicer and any Non-Lead Trustee, as applicable, shall be required to notify the others of the amount of its
P&I Advance within two (2) Business Days of making such advance. If the Master Servicer, the Special Servicer or the Trustee,
as applicable (with respect to the Lead Securitization Note) or a Non-Lead Master Servicer, a Non-Lead Special Servicer or a Non-Lead
Trustee, as applicable (with respect to a Non-Controlling Note), determines that a proposed P&I Advance, if made, would be
a Nonrecoverable Advance or an outstanding P&I Advance is or would be a Nonrecoverable Advance, or if the Master Servicer,
the Special Servicer or the Trustee, as applicable, subsequently determines that a proposed Servicing Advance would be a Nonrecoverable
Advance or an outstanding Servicing Advance is or would be a Nonrecoverable Advance, 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 such Non-Lead Trustee (as provided in the related Non-Lead
Securitization Servicing Agreement, in the case of a determination of non-recoverability by the Non-Lead Master Servicer, the
Non-Lead Special Servicer or the Non-Lead Trustee) shall notify the Master Servicer and the Trustee, or such Non-Lead Master Servicer
and

 

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such Non-Lead Trustee, as the case may be, within two (2) Business Days of making such determination.

 

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

 

(i)            any
Servicing Advances (and advance interest thereon), Administrative Advances (and advance interest thereon) and any Trust Fund Expenses
(including Indemnified Items) relating to servicing and administration of the Mortgage Loan and the Mortgaged Property, including
without limitation, any unpaid Special Servicing Fees, Liquidation Fees and Workout Fees relating to the Mortgage Loan will be
paid in accordance with Sections 2(b) and 3 of this Agreement and the Lead Securitization Servicing Agreement;

 

(ii)            following
the final liquidation or disposition of the Mortgage Loan or the Mortgaged Property, the related Non-Lead Master Servicer will
be required to pay insufficiencies with respect to reimbursements of the amounts described in clause (i) above, from general collections
in accordance with Section 2(b) of this Agreement;

 

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

 

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

 

(d)           In
the event that any filing is required to be made by the Depositor or any Non-Lead Depositor under the Lead Securitization Servicing
Agreement or the related Non-Lead Securitization Servicing Agreement, as applicable, in order to comply with the Depositor’s
or such Non-Lead Depositor’s requirement under the Exchange Act, the related Non-Controlling Note Holder (including the
related Non-Lead Depositor and related Non-Lead Trustee) or the Lead Securitization Note Holder (including the Depositor, the
Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee and the Operating Advisor), as applicable, shall
use commercially reasonable efforts to timely comply with any such filing.

 

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(e)            Each
Non-Controlling Note Holder shall give each of the parties to the Lead Securitization Servicing Agreement (if such party will
not also be a party to the Non-Lead Securitization Servicing Agreement) a written notice (which may be by e-mail) of the Non-Lead
Securitization and the related Non-Lead Securitization Date prior to or promptly following the related Non-Lead Securitization
Date. Such notice shall contain contact information for each of the parties to the Non-Lead Securitization Servicing Agreement.
In addition, after the Non-Lead Securitization Date, such Non-Controlling Note Holder shall send an electronic copy of the Non-Lead
Securitization Servicing Agreement to each of the parties to the Lead Securitization Servicing Agreement (if such party is not
also a party to the Non-Lead Securitization Servicing Agreement and a copy of the Non-Lead Securitization Servicing Agreement
was not previously provided to such party).

 

(f)            Appraisal
Reduction Amounts with respect to the Mortgage Loan shall be allocated, first, to the E Notes, on a Pro Rata and Pari Passu Basis,
up to the full outstanding principal balance thereof, then to the D Notes, on a Pro Rata and Pari Passu Basis, up to the full
outstanding principal balance thereof, then to the C Notes, on a Pro Rata and Pari Passu Basis, up to the full outstanding principal
balance thereof, then to the B Notes, on a Pro Rata and Pari Passu Basis, up to the full outstanding principal balance thereof,
and then to the A Notes, on a Pro Rata and Pari Passu Basis, up to the full outstanding principal balance thereof.

 

(g)           If
a Non-Controlling Note becomes the subject of an Asset Review pursuant to the related Non-Lead Securitization Servicing Agreement,
the Master Servicer, the Special Servicer and the Trustee and the Certificate Administrator shall reasonably cooperate with such
Non-Lead Asset Representations Reviewer in connection with such Asset Review by providing such Non-Lead Asset Representations
Reviewer with any documents reasonably requested by such Non-Lead Asset Representations Reviewer, but only to the extent that
such documents are in the possession of the Master Servicer, the Special Servicer, the Trustee or the Certificate Administrator
as the case may be, and are not in the possession of the Non-Lead Asset Representations Reviewer, Non-Lead Master Servicer, Non-Lead
Special Servicer or custodian under the related Non-Lead Securitization Servicing Agreement.

 

Section
3.     Priority of Payments.

 

(a)            So
long as no Event of Default has occurred and is continuing, any collections received in respect of the Mortgage Loan or the Mortgaged
Property will be applied to the Notes in accordance with the Mortgage Loan Agreement and the Lead Securitization Servicing Agreement.

 

(b)           If
an Event of Default has occurred and is continuing, all amounts collected by or on behalf of the Lead Securitization Trust in
respect of the Mortgage Loan or the Mortgaged Property, including without limitation, Liquidation Proceeds, Condemnation Proceeds
or Insurance Proceeds shall be applied in the following order of priority:

 

(i)             first,
to reimburse the Master Servicer and the Trustee for any unreimbursed Nonrecoverable Advances that are Servicing Advances and
Administrative Advances relating to the Mortgage Loan and the Mortgaged Property and interest thereon at the Advance Rate;

 

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(ii)           second,
to first reimburse the Note A Holders for any unreimbursed Nonrecoverable Advances that are P&I Advances on the A Notes and
interest thereon at the Advance Rate, on a Pro Rata and Pari Passu Basis, then to reimburse the Note B Holders for any Nonrecoverable
Advances that are P&I Advances on the B Notes and interest thereon at the Advance Rate, on a Pro Rata and Pari Passu Basis,
then to reimburse the Note C Holders for any Nonrecoverable Advances that are P&I Advances on the C Notes and interest thereon
at the Advance Rate, on a Pro Rata and Pari Passu Basis, then to reimburse the Note D Holders for any Nonrecoverable Advances
that are P&I Advances on the D Notes and interest thereon at the Advance Rate, on a Pro Rata and Pari Passu Basis, then to
reimburse the Note E Holders for any Nonrecoverable Advances that are P&I Advances on the E Notes and interest thereon at
the Advance Rate, on a Pro Rata and Pari Passu Basis;

 

(iii)          third,
to reimburse or pay the Master Servicer, the Trustee for any unreimbursed Servicing Advances and Administrative Advances relating
to the Mortgage Loan and the Mortgaged Property plus interest accrued thereon at the Advance Rate and any Trust Fund Expenses,
including without limitation, any unpaid Special Servicing Fees, Liquidation Fees and Workout Fees relating to the Mortgage Loan;

 

(iv)           fourth,
to pay to the Note A Holders accrued and unpaid interest on the A Notes (other than Default Interest) that was not included in
the amount of P&I Advances on the A Notes reimbursed pursuant to clause (ii) above, on a Pro Rata and Pari Passu Basis;

 

(v)            fifth,
to pay to the Note A Holders any interest accrued on P&I Advances on the A Notes on a Pro Rata and Pari Passu Basis;

 

(vi)           sixth,
to pay to the Note A Holders the Note Principal Balance of the A Notes due and payable on a Pro Rata and Pari Passu Basis
until their Note Principal Balances have been reduced to zero;

 

(vii)          seventh,
to pay to the Note B Holders accrued and unpaid interest on the B Notes (other than Default Interest) that was not included in
the amount of P&I Advances on the B Notes reimbursed pursuant to clause (ii) above, on a Pro Rata and Pari Passu Basis;

 

(viii)        eighth,
to pay to the Note B Holders any interest accrued on P&I Advances on the B Notes on a Pro Rata and Pari Passu Basis;

 

(ix)           ninth,
to pay to the Note B Holders the Note Principal Balance of the B Notes due and payable on a Pro Rata and Pari Passu Basis until
their Note Principal Balances have been reduced to zero;

 

(x)            tenth,
to pay to the Note C Holders accrued and unpaid interest on the C Notes (other than Default Interest) that was not included
in the amount of P&I Advances on the C Notes reimbursed pursuant to clause (ii) above, on a Pro Rata and Pari Passu Basis;

 

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(xi)           eleventh,
to pay to the Note C Holders any interest accrued on P&I Advances on the C Notes on a Pro Rata and Pari Passu Basis;

 

(xii)          twelfth,
to pay to the Note C Holders the Note Principal Balance of the C Notes due and payable on a Pro Rata and Pari Passu Basis
until their Note Principal Balances have been reduced to zero;

 

(xiii)         thirteenth,
to pay to the Note D Holders accrued and unpaid interest on the D Notes (other than Default Interest) that was not included in
the amount of P&I Advances on the D Notes reimbursed pursuant to clause (ii) above, on a Pro Rata and Pari Passu Basis;

 

(xiv)          fourteenth,
to pay to the Note D Holders any interest accrued on P&I Advances on the D Notes on a Pro Rata and Pari Passu Basis;

 

(xv)          fifteenth,
to pay to the Note D Holders the Note Principal Balance of the D Notes due and payable on a Pro Rata and Pari Passu Basis until
their Note Principal Balances have been reduced to zero;

 

(xvi)         sixteenth,
to pay to the Note E Holders accrued and unpaid interest on the E Notes (other than Default Interest) that was not included in
the amount of P&I Advances on the E Notes reimbursed pursuant to clause (ii) above, on a Pro Rata and Pari Passu Basis;

 

(xvii)        seventeenth,
to pay to the Note E Holders any interest accrued on P&I Advances on the E Notes on a Pro Rata and Pari Passu Basis;

 

(xviii)       eighteenth,
to pay to the Note E Holders the Note Principal Balance of the E Notes due and payable on a Pro Rata and Pari Passu Basis until
their Note Principal Balances have been reduced to zero;

 

(xix)         nineteenth,
to pay the Master Servicer or the Special Servicer any amounts to be applied to the payment of, or escrowed for the future payment
of, real estate taxes, assessments and insurance premiums and similar items;

 

(xx)          twentieth,
to fund any other reserves to the extent then required to be held in escrow;

 

(xxi)         twenty
first, to pay to the Note A Holders any Yield Maintenance Premium and Yield Maintenance Default Premium then due and payable
in respect of the A Notes, on a Pro Rata and Pari Passu Basis, then to pay to the Note B Holders any Yield Maintenance Premium
and Yield Maintenance Default Premium then due and payable in respect of the B Notes, on a Pro Rata and Pari Passu Basis, then
to pay to the Note C Holders any Yield Maintenance Premium and Yield Maintenance Default Premium then due and payable in respect
of the C Notes, on a Pro Rata and Pari Passu Basis, then to pay to the Note D Holders any Yield Maintenance Premium and Yield
Maintenance Default Premium then due and payable in respect of the D Notes, on a Pro Rata and Pari Passu Basis, and then to pay
to the Note E Holders any Yield Maintenance Premium and

 

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Yield Maintenance Default Premium then due and payable in respect of the
E Notes, on a Pro Rata and Pari Passu Basis;

 

(xxii)        twenty
second, to pay to the Master Servicer or the Special Servicer Default Interest and late payment charges then due and owing
under the Mortgage Loan, all of which will be applied in accordance with the Lead Securitization Servicing Agreement;

 

(xxiii)       twenty
third, to pay the Master Servicer or the Special Servicer any additional servicing compensation that the Master Servicer or
the Special Servicer is entitled receive under the Lead Securitization Servicing Agreement; and

 

(xxiv)       twenty
fourth, if any excess amount is available to be distributed in respect of the Mortgage Loan, and not otherwise applied in
accordance with the foregoing clauses (i)-(xxiii), any remaining amount shall be paid pro rata to the Note Holders based
on the initial principal balances of the Notes held by such Note Holders;

 

provided
that it is being understood and agreed that the priority of payment set forth above is solely for purposes of allocating collections
on the Mortgage Loan or the Mortgaged Property (net of any reimbursement or payment of Advances or Trust Fund Expenses relating
to the Mortgage Loan or Mortgaged Property to the extent provided above) to each Note and that any amounts payable to or allocable
to the Lead Securitization Notes in respect of interest, principal, Default Interest and interest on P&I Advances will be
subject to the terms of the Lead Securitization Servicing Agreement and will not otherwise affect the reimbursement rights of
the Master Servicer, the Special Servicer or the Trustee thereunder.

 

Notwithstanding
anything to the contrary herein, to the extent required under the REMIC Provisions of the Code, payments or proceeds received
with respect to any partial release of the Mortgaged Property (including following a condemnation) from the lien of the applicable
Mortgage and Mortgage Loan Documents must be allocated to reduce the principal balance of the Mortgage Loan in the manner permitted
by such REMIC Provisions if, immediately following such release, the loan-to value ratio of the Mortgage Loan exceeds 125% (based
solely on real property and excluding any personal property and going concern value).

 

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 sequential order of payment of principal and interest on the Notes as set
forth in the Mortgage Loan Agreement in effect as of the date of this Agreement and the priority of payment set forth in Section
3, and the full economic effect of all waivers, reductions or deferrals of amounts due on the Mortgage Loan

 

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attributable to such
workout shall be borne, first, by the Note E Holders, on a Pro Rata and Pari Passu Basis, based on their respective Note Principal
Balances (up to their respective Note Principal Balances, together with accrued interest thereon at the Note Rate and any other
amounts due to each Note E Holder, as applicable), and then, by the Note D Holders, on a Pro Rata and Pari Passu Basis (up to
their respective Note Principal Balances, together with accrued interest thereon at the Note Rate and any other amounts due to
each Note D Holder, as applicable), then, by the Note C Holders, on a Pro Rata and Pari Passu Basis (up to their respective Note
Principal Balances, together with accrued interest thereon at the Note Rate and any other amounts due to each Note C Holder, as
applicable), and then, by the Note B Holders, on a Pro Rata and Pari Passu Basis (up to their respective Note Principal Balances,
together with accrued interest thereon at the Note Rate and any other amounts due to each Note B Holder, as applicable), and then,
by the Note B Holders, on a Pro Rata and Pari Passu Basis (up to their respective Note Principal Balances, together with accrued
interest thereon at the Note Rate and any other amounts due to each Note B Holder, as applicable), and then, by the Note A Holders,
on a Pro Rata and Pari Passu Basis (up to their respective Note Principal Balances, together with accrued interest thereon at
the Note Rate and any other amounts due to each Note A Holder, as applicable).

 

Section
5.     Administration of the Mortgage Loan.

 

(a)           Subject
to this Agreement and the Lead Securitization Servicing Agreement, the Lead Securitization Note Holder (or the Master Servicer,
the Special Servicer or the Trustee acting on behalf of the Lead Securitization Note Holder) 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-Controlling Note Holder
shall have any voting, consent or other rights whatsoever except as explicitly set forth herein with respect to the Lead Securitization
Note Holder’s administration of, or exercise of its rights and remedies with respect to, the Mortgage Loan. Subject to this
Agreement and the Lead Securitization Servicing Agreement, each Non-Controlling Note Holder agrees that it shall have no right
to, and 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 Non-Controlling
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 behalf of the Lead Securitization
Note Holder) shall not have any fiduciary duty to any Non-Controlling 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 acting on behalf of the Lead Securitization Note Holder) or any liability for failure to do so).

 

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Upon
the Mortgage Loan becoming a Specially Serviced Mortgage Loan, each Non-Controlling 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) to sell the Non-Controlling Notes together with the Lead Securitization Notes as notes evidencing one whole loan in accordance
with the terms of the Lead Securitization Servicing Agreement. In connection with any such sale, the Special Servicer shall be
required to sell the Non-Controlling Notes together with the Lead Securitization Notes in the manner set forth in the Lead Securitization
Servicing Agreement.

 

Notwithstanding
the foregoing, the Special Servicer shall not be permitted to sell the Mortgage Loan if such loan becomes a Defaulted Loan without
the written consent of each Non-Controlling Note Holder (provided that such consent is not required if such Non-Controlling
Note Holder is a Borrower Affiliate) unless the Special Servicer has delivered to such Non-Controlling 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 days prior to the
proposed sale date, a copy of each bid package (together with any material amendments to such bid packages) received by the Special
Servicer in connection with any such proposed sale; (c) at least 10 days prior to the proposed sale date, a copy of the most recent
appraisal for the Mortgage Loan, and any documents in the servicing file reasonably requested by such Non-Controlling Note Holder
that are material to the price of the Mortgage Loan; and (d) until the sale is completed, and a reasonable period of time (but
no less time than is afforded to other offerors) 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; provided that the Non-Controlling Note Holder may waive any of the delivery or timing requirements
described in this sentence. Subject to the terms of the Lead Securitization Servicing Agreement, each Non-Controlling Note Holder
(or the related Non-Controlling Note Holder Representative) shall be permitted to submit an offer at any sale of the Mortgage
Loan unless such Person is a Borrower Affiliate.

 

Each
Non-Controlling 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 the related Non-Controlling Note. Each Non-Controlling Note Holder further agrees that,
upon the request of the Lead Securitization Note Holder, the Non-Controlling 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 the related original Non-Controlling Note, endorsed in blank, to or at the direction of the Lead Securitization
Note Holder in connection with the consummation of any such sale.

 

The
authority of the Lead Securitization Note Holder to sell any Non-Controlling Note, and the obligations of each Non-Controlling
Note Holder to execute and deliver instruments or deliver the related Non-Controlling 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
is terminated in accordance with its terms.

 

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(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 Defaulted Loan (or to the extent
otherwise provided in the Lead Securitization Servicing Agreement), by the Special Servicer, in each case pursuant to the Lead
Securitization Servicing Agreement. Notwithstanding anything to the contrary contained herein, in accordance with the Lead Securitization
Servicing Agreement, the Lead Securitization Servicing Agreement shall require the Master Servicer and the Special Servicer to
service and administer the Mortgage Loan in accordance with the Servicing Standard, taking into account the interests of each
of the Note Holders as a collective whole and the subordination of the E Notes to the other Notes, the subordination of the D
Notes to the A Notes, the B Notes and the C Notes, the subordination of the C Notes to the A Notes and the B Notes, and the subordination
of the B Notes to the A Notes. 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 Operating Advisor, the Certificate Administrator and/or the Trustee on behalf of the Lead Securitization
Note Holder. The Lead Securitization Servicing Agreement shall not be amended in any manner that may adversely affect any Non-Controlling
Note Holder in its capacity as Non-Controlling Note Holder without such Non-Controlling Note Holder’s prior written consent.
Each Non-Controlling Note Holder (unless it is the same Person as or a Borrower Affiliate) shall be a third-party beneficiary
to the Lead Securitization Servicing Agreement with respect to its rights as specifically provided for therein.

 

(c)            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 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, in the event that one of the Notes is
included in a REMIC and another Note is not, such other Note Holder shall not be required to reimburse any Note Holder or any
other Person for payment of (i) any taxes imposed on such REMIC, (ii) any costs or expenses relating

 

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to the administration of
such REMIC or to any determination respecting the amount, payment or avoidance of any tax under such REMIC or (iii) any advances
for any of the foregoing or any interest thereon or for deficits in other items of disbursement or income resulting from the use
of funds for payment of any such taxes, costs or expenses or advances, nor shall any disbursement or payment otherwise distributable
to the other Note Holders be reduced to offset or make-up any such payment or deficit.

 

Section
6.      Appointment of a Controlling Note Holder Representative and a Non-Controlling Note Holder Representative.

 

(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 in accordance with the terms of the Lead Securitization Servicing Agreement. When exercising its various
rights set forth in the Lead Securitization Servicing Agreement and elsewhere in this Agreement, the Controlling Note Holder may,
at its option, in each case, act through the Controlling Note Holder Representative. The Controlling Note Holder Representative
may be any Person (other than a Borrower Affiliate), including, without limitation, the Controlling Note Holder, any officer or
employee of the Controlling Note Holder, any affiliate of the Controlling Note Holder or any other unrelated third party. No such
Controlling Note Holder Representative shall owe any fiduciary duty or other duty to any other Person (other than the Controlling
Note Holder). All actions that are permitted to be taken by the Controlling Note Holder under this Agreement or the Lead Securitization
Servicing Agreement may be taken by the Controlling Note Holder Representative acting on behalf of the Controlling Note Holder.
No Servicer, Operating Advisor, Trustee or Certificate Administrator acting on behalf of the Lead Securitization Note Holder shall
be required to recognize any Person as a Controlling Note Holder Representative until the Controlling Note Holder has notified
each Servicer, Operating Advisor, Trustee and Certificate Administrator 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 each
Servicer, Operating Advisor, Trustee and Certificate Administrator with written confirmation of its acceptance of such appointment
(and such parties will be entitled to rely on such notice), an address and facsimile 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 facsimile numbers). The Controlling Note Holder shall promptly deliver such information
to each Servicer, Operating Advisor, Trustee and Certificate Administrator.

 

(b)         Neither
any Non-Controlling Note Holder Representative nor any Non-Controlling Note Holder will have any liability to the other Note 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 Lead Securitization Servicing Agreement, or errors in judgment,
absent any loss, liability or expense incurred by reason of its willful misfeasance, bad faith or negligence. The Non-Controlling
Note Holder Representative with respect to each Non-Controlling Note, as of the date of this Agreement and 

 

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until
the Lead Securitization Note Holder (and the Master Servicer and the Special Servicer) is notified otherwise, shall be the
related Initial Note Holder.

 

(c)         Neither
the Controlling Note Holder Representative nor the Controlling Note Holder will have any liability to the other Note 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 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 the other Note Holder, and that the Controlling
Note Holder Representative may have special relationships and interests that conflict with the interests of a Note Holder and,
absent willful misfeasance, bad faith or gross negligence on the part of the Controlling Note Holder Representative or the Controlling
Note Holder, as the case may be, agree to take no action against the Controlling Note Holder Representative, the Controlling Note
Holder or any of their respective officers, directors, employees, principals or agents as a result of 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.

 

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

 

(e)         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 (each, a “Non-Controlling Note Holder Representative”).
Each Non-Controlling Note Holder shall have the right in its sole discretion at any time and from

 

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time to time to remove and replace
the Non-Controlling Note Holder Representative in accordance with the terms of the Lead Securitization Servicing Agreement. All
of the provisions relating to the Controlling Note Holder and the Controlling Note Holder Representative set forth in Section
6(a) and Section 6(b) shall apply to the Non-Controlling Note Holders and the related Non-Controlling Note Holder Representatives
mutatis mutandis. When exercising its various rights under Section 5 and elsewhere in this Agreement, each Non-Controlling
Note Holder may, at its option, in each case, act through the related Non-Controlling Note Holder Representative. The Non-Controlling
Note Holder Representative may be any Person (other than a Borrower Affiliate), including, without limitation, the related Non-Controlling
Note Holder, any officer or employee of the related Non-Controlling Note Holder, any affiliate of the related Non-Controlling
Note Holder or any other unrelated third party. No such Non-Controlling Note Holder Representative shall owe any fiduciary duty
or other duty to any other Person (other than such Non-Controlling Note Holder). All actions that are permitted to be taken by
each Non-Controlling Note Holder under this Agreement may be taken by a Non-Controlling Note Holder Representative acting on behalf
of such Non-Controlling Note Holder. No Servicer, Trustee, Operating Advisor or Certificate Administrator acting on behalf of
the Lead Securitization Note Holder shall be required to recognize any Person as a Non-Controlling Note Holder Representative
until the related Non-Controlling Note Holder has notified each Servicer, Trustee, Operating Advisor and Certificate Administrator
of such appointment and, if the Non-Controlling Note Holder Representative is not the same Person as the related Non-Controlling
Note Holder, the Non-Controlling Note Holder Representative provides each Servicer, Trustee, Operating Advisor and Certificate
Administrator with written confirmation of its acceptance of such appointment (and such parties will be entitled to rely on such
notice), an address and facsimile 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 facsimile numbers).
The related Non-Controlling Note Holder shall promptly deliver such information to each Servicer, Operating Advisor, Trustee and
Certificate Administrator.

 

(f)            For
so long as the Lead Securitization has not been terminated, the Lead Securitization Note Holder (or the Master Servicer or the
Special Servicer acting on its behalf) shall be required (i) to provide copies of any notice, information and report that it is
required to provide to the Controlling Class Representative pursuant to the Lead Securitization Servicing Agreement with respect
to any Major Decisions or the implementation of any recommended actions outlined in an Asset Status Report relating to the Mortgage
Loan, to each Non-Controlling Note Holder (or its related Non-Controlling Note Holder Representative), within the same time frame
it is required to provide to the Controlling Class Representative (for this purpose, without regard to whether such items are
actually required to be provided to the Controlling Class Representative under the Lead Securitization Servicing Agreement due
to the occurrence of a Control Termination Event or a Consultation Termination Event) and (ii) to consult with each Non-Controlling
Note Holder (or its related Non-Controlling Note Holder Representative) on a strictly non-binding basis, to the extent having
received such notices, information and reports, such related Non-Controlling Note Holder (or its related 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 the
related Non-Controlling Note Holder (or its related Non-Controlling Note Holder Representative);

  

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provided that after the expiration
of a period of ten (10) Business Days from the delivery to a Non-Controlling Note Holder (or its related Non-Controlling Note
Holder Representative) by the Lead Securitization Note Holder of written notice of a proposed action, together with copies of
the notice, information and report required to be provided to the Non-Controlling Note Holder Representative, the Lead Securitization
Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall no longer be obligated to consult with
such Non-Controlling Note Holder (or its related Non-Controlling Note Holder Representative), whether or not such Non-Controlling
Note Holder (or its related Non-Controlling Note Holder Representative) has responded within such ten (10) Business Day period
(unless, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) proposes a
new course of action that is materially different from the action previously proposed, in which case such ten (10) Business Day
period shall be deemed to begin anew from the date of such proposal and delivery of all information relating thereto). Notwithstanding
the consultation rights of any Non-Controlling Note Holder (or its related Non-Controlling Note Holder Representative) set forth
in the immediately preceding sentence, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer, as
applicable, acting on its behalf) may make any Major Decision or take 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 Special Servicer) 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 Servicer or Special Servicer, acting on its behalf) be obligated at any time to follow or take
any alternative actions recommended by any Non-Controlling Note Holder (or its related Non-Controlling Note Holder Representative).

 

(g)         In
addition to the consultation rights of a Non-Controlling Note Holder (or its related Non-Controlling Note Holder Representative)
provided in the immediately preceding paragraph, each Non-Controlling Note Holder shall have the right to attend annual meetings
(either telephonically or in person, in the discretion of the Servicer) with the Lead Securitization Note Holder (or the Master
Servicer or the Special Servicer acting on its behalf) at the offices of the Master Servicer or the Special Servicer, as applicable,
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; provided that each Non-Controlling Note Holder, at the request of
the Master Servicer or the Special Servicer, as applicable, shall execute a confidentiality agreement in form and substance satisfactory
to it, the Master Servicer or the Special Servicer, as applicable, and the Lead Securitization Note Holder.

 

Section
7.     Appointment of Special Servicer. Subject to the terms of the Lead Securitization Servicing
Agreement, the Controlling Note Holder (or its Controlling Note Holder Representative) shall have the right at any time and from
time to time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint
a replacement special servicer in lieu thereof provided that, without limitation of any other requirements hereunder, the replacement
special servicer satisfies 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 the other Note Holders, the
Servicer, the then existing Special Servicer and other parties to the Lead Securitization Servicing Agreement a written notice
stating such designation and satisfying the

 

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other conditions to such replacement as set forth in the Lead Securitization Servicing
Agreement (including, without limitation, a Rating Agency Confirmation from each Rating Agency then rating any securities issued
in any Securitization), if any. The Controlling Note Holder or its Controlling Note Holder Representative shall notify the Non-Controlling
Note Holders of its termination of the then currently serving Special Servicer and its appointment of a replacement special servicer
in accordance with this Agreement and promptly deliver all information necessary for any Non-Lead Securitization to comply with
any applicable reporting requirements under the Exchange Act. Any such appointment of a replacement special servicer will not
become effective unless all such information has been delivered to the Non-Lead Securitization Holders. 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 a 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 (or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement,
the successor servicing agreement pursuant to which the Mortgage Loan is being serviced) pursuant to and in accordance with the
terms of 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, the successor servicing agreement pursuant to which the Mortgage Loan is being
serviced). The Controlling Note Holder and the Non-Controlling Note Holders acknowledge and agree that any successor special servicer
appointed to replace the Special Servicer with respect to the Mortgage Loan that was terminated for cause at any 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. The applicable 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 Collection Account or Companion Distribution Account.

 

Section
8.     Payment Procedure.

 

(a)       The
Lead Securitization Note Holder, 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 and collections on the Mortgage Loan to
the Collection Account and the portion of such payments and collections that are distributable to the Non-Controlling Note Holder
shall be deposited into the Companion Loan Distribution Account

 

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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 amounts to the
applicable account within two (2) Business Days after receipt of properly identified funds by the Lead Securitization Note Holder
(or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower.

 

(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 similar
law, be returned to the Mortgage Loan Borrower or paid to the Lead Securitization Note Holder, a Non-Controlling 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-Controlling Note Holder and such Non-Controlling
Note Holder will 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-Controlling 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-Controlling 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-Controlling Note Holder, such Non-Controlling 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 any Non-Controlling Note Holder with respect to the Mortgage Loan against any future payments due
to such Non-Controlling Note Holder under the Mortgage Loan. Such Non-Controlling Note Holder’s obligations under this Section
8 constitute absolute, unconditional and continuing obligations.

 

Section
9.     Limitation on Liability of the Note Holders. Subject to the terms of the Lead Securitization
Servicing Agreement governing limitation on the liabilities of the Master Servicer, the Special Servicer, the Trustee, the Certificate
Administrator and the Operating Advisor each Note Holder shall have no liability to any other Note Holder with respect to its
Note except with respect to losses actually suffered due to the negligence, willful misconduct or breach of this Agreement on
the part of such Note Holder.

 

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

 

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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-Controlling Note
Holder and that the Lead Securitization Note Holder (including any Servicer and the Trustee) shall have no liability whatsoever
to any Non-Controlling Note Holder in connection with the Lead Securitization Note Holder’s exercise of rights or any omission
by the Lead Securitization Note Holder to exercise such rights other than as described above; provided, however,
that the Servicer must act in accordance with the Servicing Standard.

 

Section
10.     Bankruptcy. Subject to Section 5(d), 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-Controlling 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-Controlling 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-Controlling 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 the 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

 

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obligations may be limited by applicable law. Each Note Holder represents
and warrants that it is duly organized, validly existing, in good standing and in possession of all licenses and authorizations
necessary to carry on its business. Each Note Holder represents and warrants that (a) this Agreement has been duly executed and
delivered by such Note Holder, (b) to such Note Holder’s actual knowledge, all consents, approvals, authorizations, orders
or filings of or with any court or governmental agency or body, if any, required for the execution, delivery and performance of
this Agreement by such Note Holder have been obtained or made and (c) to such Note Holder’s actual knowledge, there is no
pending action, suit or proceeding, arbitration or governmental investigation against such Note Holder, an adverse outcome of
which would materially and adversely affect its performance under this Agreement.

 

Section
12.     No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement,
and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between the Note Holders as
a partnership, association, joint venture or other entity. 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 the
other Note Holders or their 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)       Each
Note Holder agrees that it will not sell, assign, transfer, pledge, syndicate, participate, hypothecate, contribute, encumber
or otherwise dispose (either (i) directly or (ii) indirectly through entering into a derivatives contract or any other similar
agreement, excluding a repo financing or a Pledge in accordance with Section 14(d)) of a Note (a “Transfer”)
except to a Qualified Institutional Lender. Promptly after the Transfer, the non-transferring Note Holder shall be provided with
(x) a representation from a transferee or the applicable Note Holder certifying that such transferee is a Qualified Institutional
Lender (except in the case of a Transfer to a Securitization (and the related pooling and servicing or similar agreement requires
the parties thereto to comply with this Agreement) or in accordance with the immediately following sentence) and (y) a copy of
the assignment and assumption agreement referred to in Section 15 (except in the case of a Transfer to a Securitization). If a
Note Holder intends to

 

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Transfer its respective Note, or any portion thereof, to an entity that is not a Qualified Institutional
Lender, it must first obtain (1) prior to a Securitization, the consent of each non-transferring Note Holder or (2) after a Securitization
of such non-transferring Note Holder’s Note, Rating Agency Confirmation. Notwithstanding the foregoing, without the non-transferring
Note Holder’s prior consent (which will not be unreasonably withheld), and, if such non-transferring Note Holder’s
Note is held in a Securitization Trust, without Rating Agency Confirmation, no Note Holder shall Transfer all or any portion of
its Note (or a participation interest in such Note) to a Borrower Affiliate and any such Transfer made without the prior consent
of the non-transferring Note Holder and Rating Agency Confirmation (if such non-transferring Note Holder’s Note is held
in a Securitization Trust), shall be absolutely null and void and shall vest no rights in the purported transferee; provided that
for the avoidance of doubt, transfers of any securities backed by a Note held in Securitization Trust will not be subject to the
foregoing requirement and such transfers shall be governed by the terms of the Lead Securitization Servicing Agreement or any
related Non-Lead Securitization Servicing Agreement, as applicable. The transferring Note Holder agrees that it will pay the expenses
of the non-transferring Note Holder (including all expenses of the Master Servicer, the Special Servicer and the Trustee) and
all expenses relating to the confirmation from the Rating Agencies 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, the Rating Agencies or
any other Person, to Transfer 49% or less (in the aggregate) of its Note or any beneficial interest in its Note. None of the provisions
of this Section 14(a) shall apply in the case of (1) a sale of all of the 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 Specially Serviced Mortgage 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 a Borrower
Affiliate) 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 Rating Agency
(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 (except in connection with an initial

 

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financing in accordance
with a repurchase arrangement) 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), such other Note Holder agrees to acknowledge receipt of such notice and thereafter agrees: (i) to give Note Pledgee
written notice of any default by the pledging Note Holder in respect of its obligations under this Agreement of which default
such Note Holder has actual knowledge; (ii) to allow such Note Pledgee a period of ten (10) days to cure a default by the pledging
Note Holder in respect of its obligations to the other Note 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 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 the other Note Holders 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 the other Note Holders 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. A 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 a Borrower Affiliate 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

 

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notwithstanding that such Conduit is not a Qualified Institutional Lender, if the following conditions are satisfied:

 

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

 

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

 

(iii)       Such
Note Holder pledges 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 Holder 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 the other
Note Holders. To the extent the Trustee or another party is appointed as Agent hereunder, each Note Holder hereby designates such
Person as its agent under this Section 15 solely for purposes of maintaining the Note Register.

 

In
connection with any Transfer of a Note (but excluding any Pledgee unless and until it realizes on its Pledge), a transferee shall
execute an assignment and assumption agreement (unless the transferee is a Securitization Trust and the related pooling
and servicing agreement requires the parties thereto to comply with this Agreement), whereby such transferee assumes all of the
obligations of the applicable Note Holder hereunder with respect to such Note thereafter accruing and agrees to be bound by the
terms of this Agreement, including the applicable restriction on Transfers set forth in Section 14, from and after the date of
such assignment. No transfer of a Note may be made unless it is registered on the Note Register, and the Agent shall not recognize
any attempted or purported transfer of any Note in violation of the

 

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provisions of Section 14 and this Section 15. Any such purported
transfer shall be absolutely null and void and shall vest no rights in the purported transferee. Each Note Holder desiring to
effect such transfer shall, and does hereby agree to, indemnify the Agent and the other Note Holders 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.

 

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Section
18.     Modifications. This Agreement shall not be modified, cancelled or terminated except by
an instrument in writing signed by each Note Holder. Additionally, for as long as any Note is contained in a Securitization Trust,
the Note Holders shall not amend or modify this Agreement without first receiving a Rating Agency Confirmation from each Rating
Agency then rating any securities issued in any Securitization; provided that no such confirmation from the Rating Agencies
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, (ii)
to make other provisions with respect to matters or questions arising under this Agreement, which shall not be inconsistent with
the provisions of this Agreement or (iii) if and to the extent it would be deemed given or not required pursuant to the definition
of Rating Agency Confirmation in the Lead Securitization Servicing Agreement and/or any Non-Lead Securitization Servicing Agreement,
as applicable.

 

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, Special Servicer, Operating Advisor, Non-Lead
Master Servicer, Non-Lead Special Servicer and 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.

 

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.

 

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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-Controlling Note Holder with respect to the Mortgage Loan as a result of such Non-Controlling Note Holder constituting
a Non-Exempt Person, the Lead Securitization Note Holder, in its capacity as servicer, shall be entitled to do so with respect
to such Non-Controlling 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-Controlling 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
Non-Controlling 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 Non-Controlling
Note Holder in reliance upon any representation, certificate, statement, document or instrument made or provided by such Non-Controlling
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 the Non-Controlling 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
Non-Controlling 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
Non-Controlling Note Holder represents to the Lead Securitization Note Holder (for the benefit of the Mortgage Loan Borrower)
that it is not a Non-Exempt Person and that neither the Lead Securitization Note Holder nor the Mortgage Loan Borrower is obligated
under applicable law to withhold Taxes on sums paid to it with respect to the Mortgage Loan or otherwise pursuant to this Agreement.
Contemporaneously with the execution of this Agreement and from time to time as necessary during the term of this Agreement, each
Non-Controlling 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 any Non-Controlling 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 any Non-Controlling
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,

 

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such Note Holder shall satisfy the requirements of the preceding
sentence by furnishing to the Lead Securitization Note Holder Internal Revenue Service Form W-8ECI, Form W-8IMY (with appropriate
attachments) or Form W-8BEN, 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-Controlling Note or otherwise until the
related Non-Controlling Note Holder shall have furnished to the Lead Securitization Note Holder requested forms, certificates,
statements or documents.

 

Section
25.     Custody of Mortgage Loan Documents. The originals of all of the Mortgage Loan Documents
(other than the Non-Controlling Note) (a) prior to the Lead Securitization will be held by the Initial Agent and (b) after the
Lead Securitization, will be held by the Lead Securitization Note Holder (in the name of the Trustee and held by a duly appointed
custodian therefor in accordance with the Lead Securitization Servicing Agreement), in each case, 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 Lead Securitization Note Holder,
each Non-Controlling Note Holder shall use reasonable efforts, at the Lead Securitization Note Holder’s expense, to satisfy,
and to cooperate with the Lead Securitization Note Holder in attempting to cause the Mortgage Loan Borrower to satisfy, the market
standards to which the Lead Securitization Note Holder customarily adheres or which may be reasonably required in the marketplace
or by the Rating Agencies in connection with the Securitization, including, entering into (or consenting to, as applicable) any
modifications to this Agreement or the Mortgage Loan Documents and to cooperate with the Lead Securitization 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 the Securitization; provided, however, that either in connection
with the Lead Securitization or otherwise at any time prior to the Lead Securitization, no Non-Controlling 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, a Non-Controlling Note Holder or (ii) materially increase a Non-Controlling Note Holder’s
obligations or materially decrease any Non-Controlling Note Holder’s rights, remedies or protections. In connection with
the Lead Securitization, the such Non-Controlling Note Holder agrees to provide for inclusion in any disclosure document relating
to the Lead Securitization such information concerning such Non-Controlling Note Holder and the Non-Controlling Note as the Lead
Securitization Note Holder reasonably determines to be necessary or appropriate, and such Non-Controlling Note Holder covenants
and agrees that it shall, at the Lead Securitization Note Holder’s expense, cooperate with the reasonable requests of each
Rating Agency and Lead Securitization Note Holder in connection with the Lead Securitization (including, without limitation, reasonably
cooperating with the Lead Securitization Noteholder (without any obligation to make additional representations and warranties)
to enable the Lead Securitization Noteholder to make all

 

     42

     

    

 

necessary certifications and deliver all necessary opinions (including
customary securities law opinions) in connection with the Mortgage Loan and the Lead 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 any Non-Controlling Note Holder and the related Non-Controlling Note in any Securitization
document. Each Non-Controlling Note Holder acknowledges that the information provided by it to the Lead Securitization Note Holder
may be incorporated into the offering documents for the Lead Securitization. The Lead Securitization Note Holder and each Rating
Agency shall be entitled to rely on the information supplied by, or on behalf of, such Non-Controlling Note Holder. The Lead Securitization
Note Holder will reasonably cooperate with any Non-Controlling Note Holder by providing all information reasonably requested that
is in the Lead Securitization Note Holder’s possession in connection with such Non-Controlling Note Holder’s preparation
of disclosure materials in connection with a Securitization.

 

Upon
request, the Lead Securitization Note Holder shall deliver to any Non-Controlling Note Holder drafts of the preliminary and final
Lead Securitization offering memoranda, prospectus supplement, free writing prospectus and any other disclosure documents and
the Lead Securitization Servicing Agreement and provide reasonable opportunity to review and comment on such documents.

 

(b)       In
connection with a Securitization, at the request of the applicable Non-Controlling Note Holder, the Lead Securitization Holder
(including the Master Servicer, the Special Servicer and the Trustee) shall use reasonable efforts, at such Non-Controlling Note
Holder’s expense, to satisfy, and to cooperate with the Non-Controlling Note Holder in attempting to cause the Mortgage
Loan Borrower to satisfy, the market standards to which the Non-Controlling Note Holder customarily adheres or which may be reasonably
required in the marketplace or by the Rating Agencies in connection with the Securitization, including, entering into (or consenting
to, as applicable) any modifications to this Agreement or the Mortgage Loan Documents and to cooperate with the Lead Securitization
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 the Securitization; provided, however, that either
in connection with a Non-Lead Securitization or otherwise at any time prior to a Non-Lead Securitization, no 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, a Non-Controlling Note Holder or (ii) materially increase a Non-Controlling Note Holder’s
obligations or materially decrease any Non-Controlling Note Holder’s rights, remedies or protections or cause an adverse
REMIC event to occur under the Lead Securitization. In connection with a Non-Lead Securitization, the Master Servicer, the Special
Servicer, the Trustee, the Certificate Administrator and the Operating Advisor shall be required to perform certain obligations
set forth in the Lead Securitization Servicing Agreement. In addition, each other applicable Holder shall provide for inclusion
in any disclosure document relating to such Non-Lead Securitization such information concerning such Holder and the related Note
as such Non-Controlling Note Holder reasonably determines to be necessary or appropriate, and each such Holder covenants and agrees
that it shall, at such Non-Controlling Note Holder’s expense, cooperate with the reasonable requests of each Rating Agency
and such Non-Controlling Note

 

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Holder in connection with such Non-Lead Securitization (including, without limitation, reasonably
cooperating with such Non-Controlling Note Holder (without any obligation to make additional representations and warranties) to
enable such Non-Controlling Note Holder to make all necessary certifications and deliver all necessary opinions (including customary
securities law opinions) in connection with the Mortgage Loan and the Lead 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 the applicable Holders and the related Non-Controlling Note in any Securitization document. Each
Holder acknowledges that the information provided by it to the other Non-Controlling Holders may be incorporated into the offering
documents for the applicable Non-Lead Securitization. Each Holder and each Rating Agency shall be entitled to rely on the information
supplied by, or on behalf of, any other Note Holder in connection with the related Non-Lead Securitization. Each Holder will reasonably
cooperate with the other Holders by providing all information reasonably requested that is in the such Holder’s possession
in connection with such Holder’s preparation of disclosure materials in connection with a Securitization.

 

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

 

Section
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 officer’s certificate
or assignment and assumption agreement delivered to the Agent pursuant to Section 14 and Section 15;

 

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

 

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

 

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

 

     44

     

    

 

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

 

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

 

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

 

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

 

Section
30.     Termination and Resignation of Agent.

 

(a)       The
Agent may be terminated at any time upon ten (10) days prior written notice from the Lead Securitization Note Holder. In the event
that the Agent is terminated pursuant to this Section 30, all of its rights and obligations under this Agreement shall be terminated,
other than any rights or obligations that accrued prior to the date of such termination.

 

(b)       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. BANA, 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 BANA without any further notice or other action. The termination or resignation of such
Master Servicer, as Master Servicer under the Lead Securitization Servicing Agreement, shall be deemed a termination or resignation
of such Master Servicer as Agent under this Agreement.

 

Section
31.     Resizing. Notwithstanding any other provision of this Agreement, for so long as BANA,
Barclays, SocGen, WFB or an affiliate of any of them (an “Original Entity”) is the owner of a Non-Controlling
Note (the “Owned Note”), such Original Entity shall have the right, subject to the terms of the Mortgage Loan
Documents, to cause the Mortgage Loan Borrower to execute amended and restated notes or additional notes (in either case, “New
Notes”) reallocating the principal of the Owned Note to such New Notes; or severing the Owned Note into one or more
further “component” notes in the aggregate principal amount equal to the then outstanding principal balance of the
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 the 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
(to the extent described in the Mortgage Loan Agreement) and such reallocated or component notes shall be automatically subject
to the terms of this Agreement, (iv) the Original Entity holding the New Notes shall notify the Lead

 

     45

     

    

 

Securitization Note Holder,
the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee in writing of such modified allocations
and principal amounts, and (v) the execution of such amendments and New Notes does not violate the Servicing Standard. If the
Lead Securitization Note Holder so requests, the Original Entity holding the New Notes (and any subsequent holder of such Notes)
shall execute a confirmation of the continuing applicability of this Agreement to the New Notes, as so modified. Except for the
foregoing reallocation and for modifications pursuant to the Lead Securitization Servicing Agreement (as discussed in Section
5), no Note may be modified or amended without the consent of its holder and the consent of the holders of the other Notes. In
connection with the foregoing (provided the conditions set forth in (i) through (v) above are satisfied, with respect to (i) through
(iv), as certified by the 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 Non-Controlling Note Holder hereunder, the “Non-Controlling
Note Holder” of such New Notes shall be as provided in the definition of such term in this Agreement.

 

[SIGNATURE
PAGE FOLLOWS]

 

     46

     

    

 

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

 

	 	BANK OF AMERICA, NATIONAL
	 	 	ASSOCIATION, a national banking
	 	 	association, as Initial Note 1 Holder
	 	 	 
	 	By: 	/s/Theresa Dooley-Bollmann
	 	 	Name: Theresa Dooley-Bollmann
	 	 	Title:   Director

  

	 	BARCLAYS BANK PLC, a public company
	 	 	registered
in England and Wales, as Initial 
	 	 	Note 2 Holder
	 	 	 
	 	By: 	/s/Michael Birajiclian
	 	 	Name: Michael Birajiclian
	 	 	Title:   Authorized Signatory

  

	 	SOCIÉTÉ GÉNÉRALE, a société anonyme,
	 	 	 as
Initial Note 3 Holder
	 	 	 
	 	By: 	/s/Jim Barnard
	 	 	Name: Jim Barnard
	 	 	Title:   Director

 

	 	WELLS FARGO BANK, NATIONAL
	 	 	ASSOCIATION, a national banking
	 	 	association,
as Initial Note 4 Holder
	 	 	 
	 	By: 	/s/Jeffrey L Cirillo
	 	 	Name: Jeffrey L Cirillo
	 	 	Title:   Managing Director

 

DAFC
2017-AMO – Co-Lender Agreement 

 

    

     

    

 

EXHIBIT
A

MORTGAGE LOAN SCHEDULE

 

Description
of Mortgage Loan

 

	Mortgage
    Loan Borrower:	Del
    Amo Fashion Center Operating Company, L.L.C. 

Del Amo Residual Operating Company, L.L.C.
	Date
    of Mortgage Loan: 	May
    12, 2017
	Date
    of Notes: 	May
    12, 2017
	Original
    Principal Amount of Mortgage Loan:	$585,000,000
	Principal
    Amount of Mortgage Loan as of the date hereof:	$585,000,000
	Initial
    A-1-1 Note Principal Balance:	$12,125,000
	Initial
    A-1-2 Note Principal Balance:	$36,821,000
	Initial
    A-1-3 Note Principal Balance:	$24,547,000
	Initial
    A-1-4 Note Principal Balance:	$20,457,000
	Initial
    A-2-1 Note Principal Balance:	$12,125,000
	Initial
    A-2-2 Note Principal Balance:	$36,821,000
	Initial
    A-2-3 Note Principal Balance:	$24,547,000
	Initial
    A-2-4 Note Principal Balance:	$20,457,000
	Initial
    A-3-1 Note Principal Balance:	$12,125,000
	Initial
    A-3-2 Note Principal Balance:	$32,730,000
	Initial
    A-3-3 Note Principal Balance:	$28,638,000
	Initial
    A-3-4 Note Principal Balance:	$20,457,000
	Initial
    A-4-1 Note Principal Balance:	$12,125,000
	Initial
    A-4-2 Note Principal Balance:	$36,821,000
	Initial
    A-4-3 Note Principal Balance:	$24,547,000
	Initial
    A-4-4 Note Principal Balance:	$20,457,000
	Initial
    B-1-1 Note Principal Balance:	$
    2,700,000
	Initial
    B-1-2 Note Principal Balance:	$
    8,179,000
	Initial
    B-1-3 Note Principal Balance:	$
    5,453,000
	Initial
    B-1-4 Note Principal Balance:	$
    4,543,000
	Initial
    B-2-1 Note Principal Balance:	$
    2,700,000
	Initial
    B-2-2 Note Principal Balance:	$
    8,179,000
	Initial
    B-2-3 Note Principal Balance:	$
    5,453,000
	Initial
    B-2-4 Note Principal Balance:	$
    4,543,000
	Initial
    B-3-1 Note Principal Balance:	$
    2,700,000
	Initial
    B-3-2 Note Principal Balance:	$
    7,270,000

 

     A-1

     

    

 

	Initial
    B-3-3 Note Principal Balance:	$
    6,362,000
	Initial
    B-3-4 Note Principal Balance:	$
    4,543,000
	Initial
    B-4-1 Note Principal Balance:	$
    2,700,000
	Initial
    B-4-2 Note Principal Balance:	$
    8,179,000
	Initial
    B-4-3 Note Principal Balance:	$
    5,453,000
	Initial
    B-4-4 Note Principal Balance:	$
    4,543,000
	Initial
    C-1 Note Principal Balance:	$15,650,000
	Initial
    C-2 Note Principal Balance:	$15,650,000
	Initial
    C-3 Note Principal Balance:	$15,650,000
	Initial
    C-4 Note Principal Balance:	$15,650,000
	Initial
    D-1 Note Principal Balance:	$10,775,000
	Initial
    D-2 Note Principal Balance:	$10,775,000
	Initial
    D-3 Note Principal Balance:	$10,775,000
	Initial
    D-4 Note Principal Balance:	$10,775,000
	Initial
    E-1 Note Principal Balance:	$
    5,000,000
	Initial
    E-2 Note Principal Balance:	$
    5,000,000
	Initial
    E-3 Note Principal Balance:	$
    5,000,000
	Initial
    E-4 Note Principal Balance:	$
    5,000,000
	Location
    of Mortgaged Property:	3525
    W. Carson Street, Torrance, Los Angeles 

County, CA 90503
	Initial
    Maturity Date:	June
    1, 2027

 

     A-2

     

    

 

EXHIBIT
B

 

1.       Initial
Note 1 Holder:

 

(Prior
to Securitization of Note 1):

 

Bank
of America, N.A.

Notice Address:

Bank of America, N.A. 

c/o Capital Markets Servicing Group

900 West Trade Street, Suite 650

Mail Code: NC1-026-06-01

Charlotte, North Carolina 28255

Attention: Servicing Manager

Facsimile No.: (704) 317-4501

 

with
a copy to:

Cadwalader, Wickersham & Taft LLP 

One
World Financial Center 

New
York, New York 10281 

Attention:
Fredric L. Altschuler, Esq.

Facsimile No.: (212) 504-6666

 

2.       Initial
Note 2 Holder:

 

(Prior
to Securitization of Note 2):

 

Barclays
Bank PLC

Notice Address:

Barclays Bank PLC 

745
Seventh Avenue 

New
York, New York 

Attention:
Michael S. Birajiclian

 

with
a copy to:

Cadwalader, Wickersham & Taft LLP 

One
World Financial Center 

New
York, New York 10281

Attention: Fredric L. Altschuler, Esq.

Facsimile No.: (212) 504-6666

 

3.       Initial
Note 3 Holder:

 

(Prior
to Securitization of Note 3):

 

    B-1

     

    

 

Société
Générale

Notice Address:

Société Générale 

245
Park Avenue 

New
York, New York 10167 

Attention:
Jim Barnard

 

with
a copy to:

 

Société
Générale 

245
Park Avenue, 11th Floor 

New
York, New York 10167 

Attention:
General Counsel

 

with
a copy to:

Cadwalader, Wickersham & Taft LLP 

One
World Financial Center 

New
York, New York 10281

Attention: Fredric L. Altschuler, Esq.

Facsimile No.: (212) 504-6666

 

4.       Initial
Note 4 Holder:

 

(Prior
to Securitization of Note 4):

 

Wells
Fargo Bank, National Association

Notice Address:

Wells Fargo Bank, National Association

Wells Fargo Center

1901 Harrison Street, 2nd Floor

MAC A0227-020

Oakland, California 94612

Attention: Commercial Mortgage Servicing

Facsimile No.: 866-359-5352

 

with
a copy to:

Cadwalader, Wickersham & Taft LLP 

One
World Financial Center 

New
York, New York 10281

Attention: Fredric L. Altschuler, Esq.

Facsimile No.: (212) 504-6666

 

    B-2

     

    

 

(Following
Securitization of Note A-1-1):

 

	(i)		Depositor:

 

Banc
of America Merrill Lynch Large Loan, Inc.

One Bryant Park

New York, New York 10036

Attention: Leland F. Bunch, III

Facsimile: (646) 855-5044

Email: leland.f.bunch@baml.com

 

with
a copy to:

 

W.
Todd Stillerman, Esq.

Assistant General Counsel

Bank of America Corporation

214 North Tryon Street, 20th Floor

NC1-027-20-05

Charlotte, North Carolina 28255

Facsimile: (404) 736-2127

Email: william.stillerman@bankofamerica.com

 

with
a copy to:

 

Cadwalader,
Wickersham & Taft LLP

227 West Trade Street

Charlotte, North Carolina 28202

Attention: Henry LaBrun, Esq.

Telephone: (704) 348-5149

Facsimile: (704) 348-5200

Email: henry.labrun@cwt.com

 

		(ii)	Master
                                         Servicer:

 

KeyBank
National Association

11501 Outlook Street, Suite 300

Overland Park, Kansas 66211

Attention: Michael Tilden

Facsimile: 877-379-1625

Email: michael_a_tilden@keybank.com

 

with
a copy to:

 

Polsinelli
PC

900 West 48th Place, Suite 900

Kansas City, Missouri 64112

Attention: Kraig Kohring

Facsimile: 816-753-1536

Email: kkohring@polsinelli.com

 

    B-3

     

    

 

	(iii)		Special
Servicer:

 

Cohen
Financial, a Division of SunTrust Bank 

Loan
Administration Service Center 

4601
College Blvd., Suite 300 

Leawood,
KS 66211 

Attention:
Head of Investor Services 

Facsimile:
(312) 346-6669

 

(iv)
Certificate Administrator:

 

Wells
Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Corporate Trust Services Del Amo Trust 2017-AMO

Telephone: (410) 884-2000

 

with
a copy to:

 

Facsimile:
(410) 715-2380

Email: trustadministration@wellsfargo.com and

cts.cmbs.bond.admin@wellsfargo.com

 

(v)
Trustee:

 

Wilmington
Trust, National Association 

1100
North Market Street 

Wilmington,
Delaware 19890 

Attention:
CMBS Trustee 

 

with
a copy to:

 

Facsimile:
(302) 630-4140 

E-mail:
cmbstrustee@wilmingtontrust.com

 

(vi)
Operating Advisor:

 

Park
Bridge Lender Services LLC

600 Third Avenue, 40th Floor

New York, New York 10016

Attention: Del Amo Trust 2017-AMO – Surveillance Manager (with a copy sent contemporaneously via email to cmbs.notices@parkbridgefinancial.com)

 

    B-4

     

    

 

EXHIBIT
C

 

1.
Apollo Global Real Estate 

2.
Archon Capital, L.P. 

3.
AREA Property Partners 

4.
BlackRock, Inc. 

5.
The Blackstone Group International Ltd. 

6.
Capital Trust, Inc. 

7.
Clarion Partners 

8.
Colony Capital, Inc. 

9.
DLJ Real Estate Capital Partners 

10.
Eightfold Real Estate Capital, L.P. 

11.
Fortress Investment Group LLC 

12.
Garrison Investment Group 

13.
Goldman, Sachs & Co. 

14.
iStar Financial Inc. 

15.
J.E. Roberts Companies 

16.
Lend-Lease Real Estate Investments 

17.
LoanCore Capital 

18.
Lonestar Funds 

19.
Praedium Group 

20.
Raith Capital Partners, LLC 

21.
Rialto Capital Management, LLC 

22.
Rialto Capital Advisors, LLC 

23.
Rockpoint Group 

24.
Starwood Capital/Starwood Financial Trust 

25.
Torchlight Investors 

26.
Walton Street Capital, LLC 

27.
Westbrook Partners 

28.
WestRiver Capital 

29.
Whitehall Street Real Estate Fund, L.P.

 

    C-1

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