Document:

EX-4.6

 Exhibit 4.6 
  

 
  

BMO COMMERCIAL MORTGAGE SECURITIES LLC, 

PURCHASER 
 and 

[SPONSOR], 
 SELLER 

MORTGAGE LOAN PURCHASE AGREEMENT 

Dated as of [DATE] 
 [SERIES
DESIGNATION] 
  
  

 

 This Mortgage Loan Purchase Agreement (“Agreement”), dated
as of [DATE], is between BMO Commercial Mortgage Securities LLC, a Delaware limited liability company, as purchaser (the “Purchaser”), and [SPONSOR], a [            ], as
seller (the “Seller”). 
 Capitalized terms used in this Agreement and not defined herein shall have the
meanings ascribed to them in the Pooling and Servicing Agreement, dated as of [DATE] (the “Pooling and Servicing Agreement”), between the Purchaser, as depositor (in such capacity, the “Depositor”), [MASTER
SERVICER], a [            ], as master servicer (the “Master Servicer”), [SPECIAL SERVICER], a [            ],
as special servicer (the “Special Servicer”), [OPERATING ADVISOR], a [            ], as operating advisor (in such capacity, the “Operating Advisor”) and
asset representations reviewer (in such capacity, the “Asset Representations Reviewer”), [CERTIFICATE ADMINISTRATOR], a [            ], as certificate administrator (the
“Certificate Administrator”), and [TRUSTEE], a [            ], as trustee (the “Trustee”), pursuant to which the Purchaser will transfer the Mortgage Loans
(as defined herein), together with certain other commercial and multifamily mortgage loans (collectively, the “Other Loans”), to a trust fund and certificates representing ownership interests in the Mortgage Loans and the Other
Loans will be issued by the trust fund (the “Trust Fund”). In exchange for the Mortgage Loans and the Other Loans, the Trust Fund will issue to or at the direction of the Depositor certificates to be known as [ISSUING ENTITY],
Commercial Mortgage Pass-Through Certificates, [SERIES DESIGNATION] (collectively, the “Certificates”) [IF APPLICABLE, INCLUDE IF THE TRANSACTION INCLUDES VERTICAL RISK RETENTION IN THE FORM
OF A SINGLE VERTICAL SECURITY: , and the Uncertificated VRR Interest issued pursuant to the Pooling and Servicing Agreement]. For purposes of this Agreement, “Mortgage Loans” refers to the mortgage loans listed on Exhibit A
to this Agreement and “Mortgaged Properties” refers to the properties securing such Mortgage Loans. 
 The
Purchaser and the Seller wish to prescribe the manner of sale of the Mortgage Loans from the Seller to the Purchaser and in consideration of the premises and the mutual agreements hereinafter set forth, agree as follows: 

SECTION 1    Sale and Conveyance of Mortgages; Possession of Mortgage File. The Seller does hereby
sell, transfer, assign, set over and convey to the Purchaser, without recourse, representation or warranty (except as otherwise specifically set forth herein), subject to the rights of the holders of interests in any related Companion Loan, all of
its right, title and interest in and to the Mortgage Loans identified on Exhibit A to this Agreement (the “Mortgage Loan Schedule”) including all interest and principal received or receivable on or with respect to the
Mortgage Loans after the Cut-Off Date (and, in any event, excluding payments of principal and interest and other amounts due and payable on the Mortgage Loans on or before the
Cut-Off Date and excluding any Retained Defeasance Rights and Obligations with respect to the Mortgage Loans). Upon the sale of the Mortgage Loans, the ownership of each related Note (including, in the case of
the [LOAN-SPECIFIC] Loan Combination, the separate note evidencing the Trust Subordinate Companion Loan), the Seller’s interest in the related Mortgage represented by the Note and the other contents of the related Mortgage File (subject to the
rights of the holders of interests in any related Companion Loan) will be vested in the Purchaser and immediately thereafter the Trustee, and the ownership of records and documents with respect to each Mortgage Loan (other than those to be held by
the holder of any related Companion Loan) 

 
prepared by or which come into the possession of the Seller shall (subject to the rights of the holders of interests in any related Companion Loan) immediately vest in the Purchaser and
immediately thereafter the Trustee. In connection with the transfer pursuant to this Section 1 of any Mortgage Loan that is part of a Loan Combination, the Seller does hereby assign to the Purchaser all of its rights, title and interest (solely
in its capacity as the holder of the subject Mortgage Loan) in, to and under the related Co-Lender Agreement (it being understood and agreed that the Seller does not assign any right, title or interest that it
or any other party may have thereunder in its capacity as the holder of any related Companion Loan, if applicable). The Seller’s assignment of any Outside Serviced Mortgage Loan is subject to the terms and conditions of the applicable Outside
Servicing Agreement and the related Co-Lender Agreement. The Purchaser will sell (i) certain classes of the Certificates (the “Public Certificates”), to the underwriters (the
“Underwriters”) specified in the Underwriting Agreement, dated as of [DATE] (the “Underwriting Agreement”), between the Purchaser and the Underwriters, (ii) certain classes of the Certificates (the
“Private Certificates”) [IF APPLICABLE, INCLUDE IF THE TRANSACTION INCLUDES VERTICAL RISK RETENTION IN THE FORM OF A SINGLE VERTICAL SECURITY: , excluding any classes of Certificates that comprise part of the Combined VRR Interest],
to the initial purchasers (the “Private Initial Purchasers”) specified in the Purchase Agreement, dated as of [DATE] (the “Private Certificate Purchase Agreement”), between the Purchaser and Private Initial
Purchasers, (iii) the Class [LOAN-SPECIFIC] Certificates to [LOAN-SPECIFIC INITIAL PURCHASER] as the initial purchaser (the “Class [LOAN-SPECIFIC] Certificate Initial Purchaser” and, together with the Private
Initial Purchasers, the “Initial Purchasers”) specified in the certificate purchase agreement, dated as of [DATE] (the “Class [LOAN-SPECIFIC] Certificate Purchase Agreement”) and (iv) the Class
[    ] Certificates (the “Direct Sale Certificates”) to [DIRECT SALE BUYER] (“[DIRECT SALE BUYER]”) specified in the certificate purchase agreement, dated as of [DATE] (the
“[DIRECT SALE] Certificate Purchase Agreement” and, together with the Private Certificate Purchase Agreement and the Class [LOAN-SPECIFIC] Certificate Purchase Agreement, the “Certificate Purchase
Agreements”), between the Purchaser and [DIRECT SALE BUYER]. The Initial Purchasers and Underwriters are collectively referred to herein as the “Dealers”. 

The sale and conveyance of the Mortgage Loans is being conducted on an arms-length basis and upon commercially reasonable
terms. As the purchase price for the Mortgage Loans, the Purchaser shall pay, by wire transfer of immediately available funds, to the Seller or at the Seller’s direction
$[            ], plus accrued interest on the Mortgage Loans from and including [DATE] to but excluding the Closing Date (but subject to certain post-settlement adjustments for expenses
incurred by the Underwriters and the Initial Purchasers on behalf of the Depositor and for which the Seller is specifically responsible)[IF APPLICABLE, REFERENCE ANY CLASSES OF CERTIFICATES OR OTHER INTERESTS IN THE TRUST FUND THAT ARE BEING
DELIVERED TO THE SELLER AS PARTIAL CONSIDERATION FOR THE MORTGAGE LOANS]. 
 The purchase and sale of the Mortgage Loans
shall take place on the Closing Date. 
 SECTION 2    Books and Records; Certain Funds Received After
the Cut-Off Date. From and after the sale of the Mortgage Loans to the Purchaser, record title to each Mortgage (other than with respect to any Outside Serviced Mortgage Loan) and each Note shall be
transferred 

  
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to the Trustee subject to and in accordance with this Agreement. Any funds due after the Cut-Off Date in connection with a Mortgage Loan received by the
Seller shall be held in trust on behalf of the Trustee (for the benefit of the Certificateholders) as the owner of such Mortgage Loan and shall be transferred promptly to the Certificate Administrator. All scheduled payments of principal and
interest due on or before the Cut-Off Date but collected after the Cut-Off Date, and all recoveries and payments of principal and interest collected on or before the Cut-Off Date (only in respect of principal and interest on the Mortgage Loans due on or before the Cut-Off Date and principal prepayments thereon), shall belong to, and shall
be promptly remitted to, the Seller. 
 The transfer of each Mortgage Loan shall be reflected on the Seller’s balance
sheets and other financial statements as the sale of such Mortgage Loan by the Seller to the Purchaser. The Seller intends to treat the transfer of each Mortgage Loan to the Purchaser as a sale for tax purposes. Following the transfer of the
Mortgage Loans by the Seller to the Purchaser, the Seller shall not take any actions inconsistent with the ownership of the Mortgage Loans by the Purchaser and its assignees. 

The transfer of each Mortgage Loan shall be reflected on the Purchaser’s balance sheets and other financial statements as
the purchase of such Mortgage Loan by the Purchaser from the Seller. The Purchaser intends to treat the transfer of each Mortgage Loan from the Seller as a purchase for tax purposes. The Purchaser shall be responsible for maintaining, and shall
maintain, a set of records for each Mortgage Loan which shall be clearly marked to reflect the transfer of ownership of each Mortgage Loan by the Seller to the Purchaser pursuant to this Agreement. 

SECTION 3    Delivery of Mortgage Loan Documents; Additional Costs and Expenses. (a) The
Purchaser hereby directs the Seller, and the Seller hereby agrees, such agreement effective upon the transfer of the Mortgage Loans as contemplated herein, to deliver to and deposit with (or to cause to be delivered to and deposited with) the
Custodian (on behalf of the Trustee), with copies (other than with respect to an Outside Serviced Mortgage Loan) to be delivered to the Master Servicer, on the dates set forth in Section 2.01 of the Pooling and Servicing Agreement, all
documents, instruments and agreements required to be delivered by the Purchaser, or contemplated to be delivered by the Seller (whether at the direction of the Purchaser or otherwise), to the Custodian and the Master Servicer, with respect to the
Mortgage Loans under Section 2.01 of the Pooling and Servicing Agreement, and meeting all the requirements of such Section 2.01 of the Pooling and Servicing Agreement; provided that the Seller shall not be required to deliver any
draft documents, privileged or other related Seller communications, credit underwriting, due diligence analyses or data, or internal worksheets, memoranda, communications or evaluations. 

With respect to letters of credit (exclusive of those relating to an Outside Serviced Mortgage Loan), the Seller shall deliver
to the Master Servicer and the Pooling and Servicing Agreement shall require the Master Servicer to hold the original (or copy, if such original has been submitted by the Seller to the issuing bank to effect an assignment or amendment of such letter
of credit (changing the beneficiary thereof to the Trustee (in care of the Master Servicer) for the benefit of Certificateholders and, if applicable, the related Serviced Companion Loan Holder, to the extent required in order for

  
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the Master Servicer to draw on such letter of credit on behalf of the Trustee for the benefit of Certificateholders and, if applicable, the related Serviced Companion Loan Holder in accordance
with the applicable terms thereof and/or of the related Loan Documents)) and the Seller shall be deemed to have satisfied any such delivery requirements by delivering with respect to any letter(s) of credit a copy thereof to the Custodian together
with an Officer’s Certificate of the Seller certifying that such document has been delivered to the Master Servicer or an Officer’s Certificate from the Master Servicer certifying that it holds the letter(s) of credit pursuant to
Section 2.01(b) of the Pooling and Servicing Agreement. If a letter of credit referred to in the previous sentence is not in a form that would allow the Master Servicer to draw on such letter of credit on behalf of the Trustee for the benefit
of Certificateholders and, if applicable, the related Serviced Companion Loan Holder in accordance with the applicable terms thereof and/or of the related Loan Documents, the Seller shall deliver the appropriate assignment or amendment documents (or
copies of such assignment or amendment documents if the Seller has submitted the originals to the related issuer of such letter of credit for processing) to the Master Servicer within 90 days of the Closing Date. The Seller shall pay any costs
of assignment or amendment of such letter(s) of credit required in order for the Master Servicer to draw on such letter(s) of credit on behalf of the Trustee for the benefit of Certificateholders and, if applicable, the related Serviced Companion
Loan Holder, and shall cooperate with the reasonable requests of the Master Servicer or the Special Servicer, as applicable, in connection with effectuating a draw under any such letter of credit prior to the date such letter of credit is assigned
or amended in order that it may be drawn by the Master Servicer on behalf of the Trustee for the benefit of Certificateholders and, if applicable, the related Serviced Companion Loan Holder. 

(b)    Except with respect to any Outside Serviced Mortgage Loan, the Seller shall deliver to and deposit
with (or cause to be delivered to and deposited with) the Master Servicer within five (5) Business Days after the Closing Date: (i) a copy of the Mortgage File; (ii) all documents and records not otherwise required to be
contained in the Mortgage File that (A) relate to the origination and/or servicing and administration of the Mortgage Loans and any related Serviced Companion Loan(s), (B) are reasonably necessary for the ongoing administration and/or servicing
of the Mortgage Loans (including any asset summaries related to the Mortgage Loans that were delivered to the Rating Agencies in connection with the rating of the Certificates) or any related Serviced Companion Loans or for evidencing or enforcing
any of the rights of the holder of the Mortgage Loans or any related Serviced Companion Loans or holders of interests therein, and (C) are in the possession or under the control of the Seller; and (iii) all unapplied Escrow Payments and
reserve funds in the possession or under control of the Seller that relate to the Mortgage Loans and any related Serviced Companion Loans together with a statement indicating which Escrow Payments and reserve funds are allocable to each Mortgage
Loan or any related Serviced Companion Loan; provided that the Seller shall not be required to deliver any draft documents, privileged or other related Seller communications, credit underwriting, due diligence analyses or data, or internal
worksheets, memoranda, communications or evaluations. Notwithstanding the foregoing, this Section 3(b) shall not apply to any Outside Serviced Mortgage Loan. 

(c)    With respect to any Mortgage Loan secured by any Mortgaged Property that is subject to a franchise
agreement with a related comfort letter in favor of the Seller that requires notice to or request of the related franchisor to transfer or assign any related comfort letter to the Trustee for the 

  
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benefit of the Certificateholders or have a new comfort letter (or any such new document or acknowledgement as may be contemplated under the existing comfort letter) issued in the name of the
Trustee for the benefit of the Certificateholders, the Seller or its designee shall, within 45 days of the Closing Date (or any shorter period if required by the applicable comfort letter), provide any such required notice or make any such required
request to the related franchisor for the transfer or assignment of such comfort letter or issuance of a new comfort letter (or any such new document or acknowledgement as may be contemplated under the existing comfort letter), with a copy of such
notice or request to the Custodian (who shall include such document in the related Mortgage File) and the Master Servicer, and the Master Servicer shall use reasonable efforts in accordance with the Servicing Standard to acquire such replacement
comfort letter, if necessary (or to acquire any such new document or acknowledgement as may be contemplated under the existing comfort letter), and the Master Servicer shall, as soon as reasonably practicable following receipt thereof, deliver the
original of such replacement comfort letter, new document or acknowledgement, as applicable, to the Custodian for inclusion in the Mortgage File. 

SECTION 4    Treatment as a Security Agreement. Pursuant to Section 1
hereof, the Seller has conveyed to the Purchaser all of its right, title and interest in and to the Mortgage Loans. The parties intend that such conveyance of the Seller’s right, title and interest in and to the Mortgage Loans pursuant to this
Agreement shall constitute a purchase and sale and not a loan. If such conveyance is deemed to be a pledge and not a sale, then the parties also intend and agree that the Seller shall be deemed to have granted, and in such event does hereby grant,
to the Purchaser, a first priority security interest in all of its right, title and interest in, to and under the Mortgage Loans, all payments of principal or interest on such Mortgage Loans due after the
Cut-Off Date, all other payments made in respect of such Mortgage Loans after the Cut-Off Date (and, in any event, excluding scheduled payments of principal and interest
due on or before the Cut-Off Date) and all proceeds thereof, and that this Agreement shall constitute a security agreement under applicable law. If such conveyance is deemed to be a pledge and not a sale, the
Seller consents to the Purchaser hypothecating and transferring such security interest in favor of the Trustee and transferring the obligation secured thereby to the Trustee. 

SECTION 5    Covenants of the Seller. The Seller covenants with the Purchaser as follows: 

(a)    with respect to the Mortgage Loans (other than any Outside Serviced Mortgage Loan), it shall record
and file, or cause a third party on its behalf to record and file, in the appropriate public recording office for real property records or UCC financing statements, as appropriate, each related assignment of Mortgage and assignment of Assignment of
Leases, and each related UCC-3 financing statement referred to in the definition of Mortgage File, in each case in favor of the Trustee, as and to the extent contemplated under Section 2.01(c) of the
Pooling and Servicing Agreement. All out of pocket costs and expenses relating to the recordation or filing of such assignments of Assignment of Leases, assignments of Mortgage and financing statements shall be paid by (or caused to be paid by) the
Seller. If any such document or instrument is lost or returned unrecorded or unfiled, as the case may be, because of a defect therein, then the Seller shall promptly prepare or cause the preparation of a substitute therefor or cure such defect or
cause such defect to be cured, as the case may be, and the Seller shall record or file, or cause the recording or filing of, such substitute or corrected document 

  
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or instrument, or with respect to any assignments that a third party on the Seller’s behalf has agreed to record or file as described in the Pooling and Servicing Agreement, the Seller shall
deliver such substitute or corrected document or instrument to such third party (or, if the Mortgage Loan is then no longer subject to the Pooling and Servicing Agreement, the then holder of such Mortgage Loan); 

(b)    as to each Mortgage Loan (except with respect to any Outside Serviced Mortgage Loan), if the Seller
cannot deliver or cause to be delivered the documents and/or instruments referred to in clauses [(2), (3), (6) (if recorded) and (15)] of the definition of “Mortgage File” in the Pooling and Servicing Agreement solely because of a delay
caused by the public recording or filing office where such document or instrument has been delivered for recordation or filing, as applicable, it shall forward to the Custodian a copy of the original certified by the Seller or the title agent to be
a true and complete copy of the original thereof submitted for recording. The Seller shall cause each assignment referred to in Section (5)(a) above that is recorded and the file copy of each UCC-3
assignment referred to in Section (5)(a) above to reflect that it should be returned by the public recording or filing office to the Custodian or its agent following recording (or, alternatively, to the Seller or its designee, in which case
the Seller shall deliver or cause the delivery of the recorded/filed original to the Custodian promptly following receipt); provided that, in those instances where the public recording office retains the original assignment of Mortgage or
assignment of Assignment of Leases, the Seller or its designee shall obtain and provide to the Custodian a certified copy of the recorded original. On a monthly basis, at the expense of the Seller, the Custodian shall forward to the Master Servicer
a copy of each of the aforementioned assignments following the Custodian’s receipt thereof; 

(c)    it shall take any action reasonably required by the Purchaser, the Certificate Administrator, the
Trustee or the Master Servicer in order to assist and facilitate the transfer of the servicing of the Mortgage Loans (other than any Outside Serviced Mortgage Loan) to the Master Servicer, including effectuating the transfer of any letters of credit
with respect to any Mortgage Loan to the Master Servicer on behalf of the Trustee for the benefit of Certificateholders and any Serviced Companion Loan Holder. Prior to the date that a letter of credit with respect to any Mortgage Loan is so
transferred to the Master Servicer, the Seller will cooperate with the reasonable requests of the Master Servicer or the Special Servicer, as applicable, in connection with effectuating a draw under such letter of credit as required under the terms
of the related Loan Documents. Notwithstanding the foregoing, this Section 5(c) shall not apply with respect to any Outside Serviced Mortgage Loan; 

(d)    the Seller shall provide the Master Servicer the initial data with respect to each Mortgage Loan
for (i) the CREFC® Financial File and the CREFC® Loan Periodic Update File that are required to be prepared by the Master Servicer
pursuant to the Pooling and Servicing Agreement and (ii) the Supplemental Servicer Schedule; 

(e)    if (during the period of time that the Underwriters are required, under applicable law, to deliver
a prospectus related to the Public Certificates in connection with sales of the Public Certificates by an Underwriter or a dealer) the Seller has obtained actual knowledge of undisclosed or corrected information related to an event that occurred
prior to the Closing Date, which event causes there to be an untrue statement of a material fact with respect to the Seller Information in (i) the Prospectus dated [DATE] relating to the Public Certificates, the annexes and exhibits thereto and
any electronic media delivered therewith, or (ii) the Offering Circular dated [DATE] relating to the Private Certificates, the annexes and exhibits thereto and any electronic 

  
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media delivered therewith (the items in the immediately preceding clauses (i) and (ii), collectively, the “Offering Documents”), or causes there to be an
omission to state therein a material fact with respect to the Seller Information required to be stated therein or necessary to make the statements therein with respect to the Seller Information, in the light of the circumstances under which they
were made, not misleading, then the Seller shall promptly notify the Dealers and the Depositor. If as a result of any such event the Dealers’ legal counsel determines that it is necessary to amend or supplement the Offering Documents in order
to correct the untrue statement, or to make the statements therein, in the light of the circumstances when the Offering Documents are delivered to a purchaser, not misleading, or to make the Offering Documents in compliance with applicable law, the
Seller shall (to the extent that such amendment or supplement solely relates to the Seller Information) at the expense of the Seller, do all things reasonably necessary to assist the Depositor to prepare and furnish to the Dealers, such amendments
or supplements to the Offering Documents as may be necessary so that the Seller Information in the Offering Documents, as so amended or supplemented, will not contain an untrue statement, will not, in the light of the circumstances when the Offering
Documents are delivered to a purchaser, be misleading and will comply with applicable law. (All capitalized terms used in this Section 5(e) and not otherwise defined in this Agreement shall have the meanings set forth in
the Indemnification Agreement, dated as of [DATE], between the Underwriters, the Initial Purchasers, the Seller and the Depositor (the “Indemnification Agreement” and, together with this Agreement, the “Operative
Documents”)); 
 (f)    for so long as the Trust Fund is subject to the reporting requirements
of the Exchange Act, the Seller shall: (1) provide the Depositor and the Certificate Administrator with any Additional Form 10-D Disclosure, any Additional Form
10-K Disclosure and any Form 8-K Disclosure Information for which the Seller is responsible as indicated on Exhibit U, Exhibit V and Exhibit Z to the
Pooling and Servicing Agreement within the time periods set forth in the Pooling and Servicing Agreement; provided that, in connection with providing Additional Form 10-K Disclosure and the
Seller’s reporting obligations under Item 1119 of Regulation AB, upon reasonable request by the Seller, the Purchaser shall provide the Seller with a list of all parties to the Pooling and Servicing Agreement and any other Servicing Function
Participant; and (2) reasonably cooperate with each of the Depositor, the Master Servicer and the Certificate Administrator, upon the reasonable request of such party, by providing all Mortgage Loan related documents, data and information in
the possession of the Seller at or prior to the Closing Date and on the date of such request and necessary for the ongoing compliance by the Depositor and the Trust Fund with the requirements of Form 10-D with
respect to Items 1111 and 1125 of Regulation AB; provided, that the Seller shall not be required to provide any documents that are proprietary to the related originator or the Seller or any draft documents, privileged or internal
communications, credit underwriting or due diligence analysis; 
 (g)    with respect to each Mortgage
Loan, the Seller shall deliver to the [Depositor] within [    ] days of the Closing Date a copy of the Diligence File for each Mortgage Loan together with a certification by an authorized officer of the Seller that such Diligence
File contains all documents related to the origination or the servicing of the related Mortgage Loan; 

(h)    upon written request of the Asset Representations Reviewer, the Seller shall provide to the Asset
Representations Reviewer (or the Special Servicer at its request) within [    ] days, copies of all information, documents and records (including, but not limited to, records stored electronically

  
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on computer tapes, electronic discs, and similar media) reasonably available to the Seller relating to each Delinquent Loan (as defined in the Pooling and Servicing Agreement) to enable the Asset
Representations Reviewer to perform its duties under the Pooling and Servicing Agreement; and 

(i)    it acknowledges and agrees that in the event an Enforcing Party elects a resolution method pursuant
to Section 2.03 of the Pooling and Servicing Agreement, the Seller shall abide by the selected resolution method and otherwise comply with the terms and provisions set forth in the Pooling and Servicing Agreement (including the exhibits
thereto) related to the resolution method. 
 SECTION 6    Representations and Warranties. 

(a)    The Seller represents and warrants to the Purchaser as of the date hereof and as of the Closing Date
that: 
 (i)    The Seller is a
[            ], duly organized, validly existing and in good standing under the laws of the State of [            ] with full
power and authority to own its assets and conduct its business, is duly qualified as a foreign organization in good standing in all jurisdictions to the extent such qualification is necessary to hold and sell the Mortgage Loans or otherwise comply
with its obligations under this Agreement except where the failure to be so qualified would not have a material adverse effect on its ability to perform its obligations hereunder, and the Seller has taken all necessary action to authorize the
execution and delivery of, and performance under, the Operative Documents and has duly executed and delivered each Operative Document, and has the power and authority to execute, deliver and perform under each Operative Document and all the
transactions contemplated hereby and thereby, including, but not limited to, the power and authority to sell, assign, transfer, set over and convey the Mortgage Loans in accordance with this Agreement; 

(ii)    Assuming the due authorization, execution and delivery of this Agreement by the
Purchaser, this Agreement will constitute a legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as such enforcement may be limited by (A) bankruptcy, insolvency, reorganization,
moratorium, liquidation or other similar laws affecting the enforcement of creditors’ rights generally, (B) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law) and
(C) public policy considerations underlying the securities laws, to the extent that such public policy considerations limit the enforceability of the provisions of this Agreement that purport to provide indemnification for securities laws
liabilities; 
 (iii)    The execution and delivery of each Operative Document by the
Seller and the performance of its obligations hereunder and thereunder will not conflict with any provision of any law or regulation to which the Seller is subject, or conflict with, result in a breach of, or constitute a default under, any of the
terms, conditions or provisions of any of the Seller’s organizational documents or any agreement or instrument to which the Seller is a party or by which it is bound, or any order or decree applicable to the Seller, or result in the creation

  
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or imposition of any lien on any of the Seller’s assets or property, in each case, which would materially and adversely affect the ability of the Seller to carry out the transactions
contemplated by the Operative Documents; 
 (iv)    There is no action, suit, proceeding
or investigation pending or, to the Seller’s knowledge, threatened against the Seller in any court or by or before any other governmental agency or instrumentality which would materially and adversely affect the validity of the Mortgage Loans
or the ability of the Seller to carry out the transactions contemplated by each Operative Document; 

(v)    The Seller is not in default with respect to any order or decree of any court or any
order, regulation or demand of any federal, state, municipal or governmental agency, which default might have consequences that, in the Seller’s good faith and reasonable judgment, is likely to materially and adversely affect the condition
(financial or other) or operations of the Seller or its properties or might have consequences that, in the Seller’s good faith and reasonable judgment, is likely to materially and adversely affect its performance under any Operative Document;

 (vi)    No consent, approval, authorization or order of any court or governmental
agency or body is required for the execution, delivery and performance by the Seller of, or compliance by the Seller with, each Operative Document or the consummation of the transactions contemplated hereby or thereby, other than those which have
been obtained by the Seller; 
 (vii)    The transfer, assignment and conveyance of the
Mortgage Loans by the Seller to the Purchaser is not subject to bulk transfer laws or any similar statutory provisions in effect in any applicable jurisdiction; and 

(viii)    The Seller is solvent and the sale of the Mortgage Loans hereunder will not cause
it to become insolvent; and the sale of the Mortgage Loans is not undertaken by the Seller with the intent to hinder, delay or defraud any of the Seller’s creditors. 

(b)    The Purchaser represents and warrants to the Seller as of the Closing Date that: 

(i)    The Purchaser is a limited liability company duly organized, validly existing and in
good standing under the laws of the State of Delaware, with full power and authority to own its assets and conduct its business, is duly qualified as a foreign entity in good standing in all jurisdictions in which the ownership or lease of its
property or the conduct of its business requires such qualification, except where the failure to be so qualified would not have a material adverse effect on the ability of the Purchaser to perform its obligations hereunder, and the Purchaser has
taken all necessary action to authorize the execution, delivery and performance of this Agreement by it, and has duly executed and delivered this Agreement, and has the power and authority to execute, deliver and perform this Agreement and all the
transactions contemplated hereby; 

  
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 (ii)    Assuming the due authorization,
execution and delivery of this Agreement by the Seller, this Agreement will constitute a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, except as such enforcement may be limited
by bankruptcy, insolvency, reorganization, moratorium, liquidation 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); 
 (iii)    The execution and delivery of this Agreement
by the Purchaser and the performance of its obligations hereunder will not conflict with any provision of any law or regulation to which the Purchaser is subject, or conflict with, result in a breach of, or constitute a default under, any of the
terms, conditions or provisions of any of the Purchaser’s organizational documents or any agreement or instrument to which the Purchaser is a party or by which it is bound, or any order or decree applicable to the Purchaser, or result in the
creation or imposition of any lien on any of the Purchaser’s assets or property, in each case which would materially and adversely affect the ability of the Purchaser to carry out the transactions contemplated by this Agreement; 

(iv)    There is no action, suit, proceeding or investigation pending or, to the
Purchaser’s knowledge, threatened against the Purchaser in any court or by or before any other governmental agency or instrumentality which would materially and adversely affect the validity of this Agreement or any action taken in connection
with the obligations of the Purchaser contemplated herein, or which would be likely to impair materially the ability of the Purchaser to perform under the terms of this Agreement; 

(v)    The Purchaser is not in default with respect to any order or decree of any court or
any order, regulation or demand of any federal, state, municipal or governmental agency, which default might have consequences that would materially and adversely affect the condition (financial or other) or operations of the Purchaser or its
properties or might have consequences that would materially and adversely affect its performance under any Operative Document; 

(vi)    No consent, approval, authorization or order of any court or governmental agency or
body is required for the execution, delivery and performance by the Purchaser of, or compliance by the Purchaser with, this Agreement or the consummation of the transactions contemplated by this Agreement other than those that have been obtained by
the Purchaser; and 
 (vii)    The Purchaser has (i) prepared a report on Form ABS-15G under the Exchange Act (the “Form 15G”) that attaches the Accountant’s Third-Party Due Diligence Report (as defined herein) (a final draft of which Form 15G was provided to the Seller
at least 5 business days before the first pricing date with respect to the Certificates); and (ii) furnished the Form 15G to the Commission (as defined herein) on EDGAR at least 5 business days before the first pricing date with respect to the
Certificates as required by Rule 15Ga-2 under the Exchange Act. 

  
 -10- 

 (c)    The Seller further makes the representations and
warranties as to the Mortgage Loans set forth in Exhibit B to this Agreement as of the Cut-Off Date or such other date set forth in Exhibit B to this
Agreement, which representations and warranties are subject to the exceptions thereto set forth in Exhibit C to this Agreement. 

(d)    Pursuant to the Pooling and Servicing Agreement, if (i) any party thereto (other than the
Asset Representations Reviewer) discovers or receives notice alleging that any document constituting a part of a Mortgage File has not been properly executed, is missing, contains information that does not conform in any material respect with the
corresponding information set forth in the Mortgage Loan Schedule, or does not appear to be regular on its face (each, a “Document Defect”), or discovers or receives notice alleging a breach of any representation or warranty of the
Seller made pursuant to Section 6(c) of this Agreement with respect to any Mortgage Loan (a “Breach”) or (ii) the Special Servicer or the Purchaser receives a Repurchase Request, then such party is
required to give prompt written notice thereof to the Seller. 
 (e)    Pursuant to the Pooling and
Servicing Agreement, the Special Servicer is required to determine whether any such Document Defect or Breach with respect to any Mortgage Loan materially and adversely affects, or such Document Defect is deemed in accordance with Section 2.03
of the Pooling and Servicing Agreement to materially and adversely affect, the value of the Mortgage Loan or any related REO Property or the interests of the Certificateholders therein or causes any Mortgage Loan to fail to be a Qualified Mortgage
(any such Document Defect shall constitute a “Material Document Defect” and any such Breach shall constitute a “Material Breach”; and each of a Material Document Defect and a Material Breach is a “Material
Defect”). If such Document Defect or Breach has been determined to be a Material Document Defect or Material Breach, then the Special Servicer will be required to give prompt written notice thereof to the Seller. Promptly upon becoming
aware of any such Material Defect (including, without limitation, through a written notice given by any party to the Pooling and Servicing Agreement, as provided above if the Document Defect or Breach identified therein is a Material Document Defect
or Material Breach, as the case may be), the Seller shall, not later than 90 days from the earlier of the Seller’s discovery or receipt of notice of, and receipt of a demand to take action with respect to, such Material Defect (or, in the
case of a Material Defect relating to a Mortgage Loan not being a “qualified mortgage” within the meaning of the REMIC Provisions, not later than 90 days from any party discovering such Material Defect, provided that, if such
discovery is by any party other than the Seller, the Seller receives notice thereof in a timely manner), cure the same in all material respects (which cure shall include payment of any losses and Additional Trust Fund Expenses associated therewith
(including, if applicable, the amount of any fees and expenses of the Asset Representations Reviewer related to the Asset Review of such Mortgage Loan)) or, if such Material Defect cannot be cured within such
90-day period, the Seller shall (before the end of such 90-day period) either: (i) repurchase the affected Mortgage Loan or any related REO Property (or the Trust
Fund’s interest therein) at the applicable Purchase Price by wire transfer of immediately available funds to the Collection Account; or (ii) substitute a Qualified Substitute Mortgage Loan for such affected Mortgage Loan (provided that in
no event shall any such substitution occur later than the second anniversary of the Closing Date) and pay the Master Servicer, for deposit into the Collection Account, any Substitution Shortfall Amount in connection therewith; provided,
however, that if (i) such Material Defect is capable of being cured but not within such 90-day period, (ii) such Material Defect is not related to any Mortgage Loan’s not being a

  
 -11- 

 
“qualified mortgage” within the meaning of the REMIC Provisions and (iii) the Seller has commenced and is diligently proceeding with the cure of such Material Defect within such 90-day period, then the Seller shall have an additional 90 days to complete such cure (or, in the event of a failure to so cure, to complete such repurchase of the related Mortgage Loan or substitute a
Qualified Substitute Mortgage Loan as described above) it being understood and agreed that, in connection with the Seller’s receiving such additional 90-day period, the Seller shall deliver an
Officer’s Certificate to the Trustee, the Special Servicer and the Certificate Administrator setting forth the reasons such Material Defect is not capable of being cured within the initial 90-day period
and what actions the Seller is pursuing in connection with the cure thereof and stating that the Seller anticipates that such Material Defect will be cured within such additional 90-day period; and
provided, further, that, if any such Material Defect is still not cured after the initial 90-day period and any such additional 90-day period solely due to
the failure of the Seller to have received the recorded document, then the Seller shall be entitled to continue to defer its cure, repurchase and/or substitution obligations in respect of such Material Defect so long as the Seller certifies to the
Trustee, the Special Servicer and the Certificate Administrator every 30 days thereafter that the Material Defect is still in effect solely because of its failure to have received the recorded document and that the Seller is diligently pursuing
the cure of such defect (specifying the actions being taken), except that no such deferral of cure, repurchase or substitution may continue beyond the date that is 18 months following the Closing Date. Any such repurchase or substitution of a
Mortgage Loan shall be on a whole loan, servicing released basis. The Seller shall have no obligation to monitor the Mortgage Loans regarding the existence of a Breach or a Document Defect, but if the Seller discovers a Material Defect with respect
to a Mortgage Loan, it will notify the Purchaser. Monthly Payments due with respect to each Qualified Substitute Mortgage Loan (if any) after the related Due Date in the month of substitution, and Monthly Payments due with respect to each Mortgage
Loan being repurchased or replaced after the related Cut-Off Date and received by the Master Servicer or the Special Servicer on behalf of the Trust Fund on or prior to the related date of repurchase or
substitution, shall be part of the Trust Fund. Monthly Payments due with respect to each Qualified Substitute Mortgage Loan (if any) on or prior to the related Due Date in the month of substitution, and Monthly Payments due with respect to each
Mortgage Loan being repurchased or replaced and received by the Master Servicer or the Special Servicer on behalf of the Trust Fund after the related date of repurchase or substitution, shall not be part of the Trust Fund and shall be required,
under the Pooling and Servicing Agreement, to be remitted by the Master Servicer to the Seller promptly following receipt. From and after the date of substitution, each Qualified Substitute Mortgage Loan, if any, that has been substituted shall be
deemed to constitute a “Mortgage Loan” hereunder for all purposes. No Mortgage Loan may be substituted for a Defective Mortgage Loan as contemplated by this Section 6(e) if the Mortgage Loan to be replaced was
itself a Qualified Substitute Mortgage Loan that had replaced a prior Mortgage Loan, in which case, absent a cure (including by the making of a Loss of Value Payment pursuant to the following paragraph) of the relevant Material Defect, the affected
Mortgage Loan will be required to be repurchased. 
 Notwithstanding the foregoing provisions of this
Section 6(e), in lieu of the Seller performing its obligations with respect to any Material Defect as set forth in the preceding paragraph, to the extent that the Seller and the Purchaser (or, following the assignment of
the Mortgage Loans to the Trust, the Seller and the Special Servicer on behalf of the Trust, and with the consent of the Controlling Class Representative prior to the occurrence of a 

  
 -12- 

 
not being a “qualified mortgage” Control Termination Event) are able to agree upon a cash payment payable by the Seller to the Purchaser that would be deemed sufficient to compensate
the Purchaser for a Material Defect (a “Loss of Value Payment”), the Seller may elect, in its sole discretion, to pay such Loss of Value Payment to the Purchaser; provided, that a Material Defect as a result of a Mortgage
Loan not constituting a “qualified mortgage”, within the meaning of Section 860G(a)(3) of the Code, may not be cured by a Loss of Value Payment. Upon its making such payment, the Seller shall be deemed to have cured such Material
Defect in all respects. Provided that such Loss of Value Payment is made, this paragraph describes the sole remedy available to the Purchaser and its assignees regarding any such Material Defect, and the Seller shall not be obligated to repurchase
or replace the affected Mortgage Loan or otherwise cure such Material Defect. 
 If (x) a Mortgage Loan is to be
repurchased or replaced as described above (a “Defective Mortgage Loan”), (y) such Defective Mortgage Loan is part of a Cross-Collateralized Group and (z) the applicable Document Defect or Breach does not constitute a
Material Document Defect or Material Breach, as the case may be, as to the other Mortgage Loan(s) that are a part of such Cross-Collateralized Group (the “Other Crossed Loans”) (without regard to this paragraph), then the applicable
Document Defect or Breach (as the case may be) shall be deemed to constitute a Material Document Defect or Material Breach (as the case may be) as to each such Other Crossed Loan for purposes of the above provisions, and the Seller shall be
obligated to repurchase or replace each such Other Crossed Loan in accordance with the provisions above unless, in the case of such Breach or Document Defect: 

(A)     the Seller (at its expense) delivers or causes to be delivered to the Trustee, the
Master Servicer and the Special Servicer an Opinion of Counsel to the effect that such Seller’s repurchase or replacement of only those Mortgage Loans as to which a Material Defect has actually occurred without regard to the provisions of this
paragraph (the “Affected Loan(s)”) and the operation of the remaining provisions of this Section 6(e) (i) will not cause either Trust REMIC to fail to qualify as a REMIC or cause the Grantor Trust to
fail to qualify as a grantor trust under subpart E, part I of subchapter J of the Code for federal income tax purposes at any time that any Certificate is outstanding and (ii) will not result in the imposition of a tax upon either Trust REMIC
or the Trust Fund (including but not limited to the tax on “prohibited transactions” as defined in Section 860F(a)(2) of the Code and the tax on contributions to a REMIC set forth in Section 860G(d) of the Code); and 

(B)     each of the following conditions would be satisfied if the Seller were to
repurchase or replace only the Affected Loans and not the Other Crossed Loans: 

(1)    the debt service coverage ratio for such Other Crossed Loan(s) (excluding the
Affected Loan(s)) for the four calendar quarters immediately preceding the repurchase or replacement is not less than the lesser of (A) 0.10x below the debt service coverage ratio for the Cross-Collateralized Group (including the Affected
Loan(s)) set forth in Annex A to the Prospectus and (B) the debt service coverage ratio for the Cross-Collateralized Group (including the Affected Loan(s)) for the four preceding calendar quarters preceding the
repurchase or replacement; 

  
 -13- 

 (2)    the loan-to-value ratio for the Other Crossed Loans (excluding the Affected Loan(s)) is not greater than the greatest of (A) the loan-to-value ratio, expressed as a whole number percentage (taken to one decimal place), for the Cross-Collateralized Group (including the Affected Loan(s)) set forth in Annex A to
the Prospectus plus 10%, (B) the loan-to-value ratio, expressed as a whole number percentage (taken to one decimal place), for the Cross-Collateralized Group
(including the Affected Loan(s)) at the time of repurchase or replacement and (C) 75%; and 

(3)    either (x) the exercise of remedies against the Primary Collateral of any
Mortgage Loan in the Cross-Collateralized Group will not impair the ability to exercise remedies against the Primary Collateral of the other Mortgage Loans in the Cross-Collateralized Group or (y) the Loan Documents evidencing and securing the
relevant Mortgage Loans have been modified in a manner that complies with this Agreement and the Pooling and Servicing Agreement and that removes any threat of impairment of the ability to exercise remedies against the Primary Collateral of the
other Mortgage Loans in the Cross-Collateralized Group as a result of the exercise of remedies against the Primary Collateral of any Mortgage Loan in the Cross-Collateralized Group. 

The determination of the Master Servicer or the Special Servicer, as applicable, as to whether the conditions set forth above
have been satisfied shall be conclusive and binding in the absence of manifest error on the Certificateholders, other parties to the Pooling and Servicing Agreement and the Seller. The Master Servicer or the Special Servicer, as applicable, will be
entitled to cause to be delivered, or direct the Seller to (in which case the Seller shall) cause to be delivered, to the Master Servicer or the Special Servicer, as applicable, an Appraisal of any or all of the related Mortgaged Properties for
purposes of determining whether the condition set forth in clause (B)(2) above has been satisfied, in each case at the expense of the Seller if the scope and cost of the Appraisal is approved by the Seller and, prior to the
occurrence and continuance of a Control Termination Event, the Controlling Class Representative (such approval not to be unreasonably withheld in each case). 

With respect to any Defective Mortgage Loan that forms a part of a Cross-Collateralized Group and as to which the conditions
described in the second preceding paragraph are satisfied, such that the Trust Fund will continue to hold the Other Crossed Loans, the Seller and the Depositor agree to forbear from enforcing any remedies against the other’s Primary Collateral
but each is permitted to exercise remedies against the Primary Collateral securing its respective Mortgage Loans, including with respect to the Trustee, the Primary Collateral securing the Affected Loan(s) still held by the Trust. If the exercise of
remedies by one such party would impair the ability of the other such party to exercise its remedies with respect to the Primary Collateral securing the Affected Loan or the Other Crossed Loans, as the case may be, held by the other such party, then
both parties shall forbear from exercising such remedies unless and until the Loan Documents evidencing and securing the relevant Mortgage Loans can be modified in a manner that 

  
 -14- 

 
complies with this Agreement to remove the threat of impairment as a result of the exercise of remedies. Any reserve or other cash collateral or letters of credit securing any of the Mortgage
Loans that form a Cross-Collateralized Group shall be allocated between such Mortgage Loans in accordance with the related Loan Documents, or otherwise on a pro rata basis based upon their outstanding Stated Principal Balances. All other
terms of the Mortgage Loans shall remain in full force and effect, without any modification thereof. The provisions of this paragraph shall be binding on all future holders of each Mortgage Loan that forms part of a Cross-Collateralized Group. 

The Pooling and Servicing Agreement provides that, to the extent necessary and appropriate, the Master Servicer or Special
Servicer, as applicable, will execute (pursuant to a limited power of attorney provided by the Trustee who will not be liable for any misuse of any such power of attorney by the Master Servicer or Special Servicer, as applicable, or any of its
agents or subcontractors) the modification of the Loan Documents that complies with this Agreement to remove the threat of impairment of the ability of the Seller or the Trust Fund to exercise its remedies with respect to the Primary Collateral
securing the Mortgage Loan(s) held by such party resulting from the exercise of remedies by the other such party. All costs and expenses incurred by the Trustee, the Special Servicer and the Master Servicer with respect to any Cross-Collateralized
Group pursuant to this paragraph and the first, second and third preceding paragraphs shall be advanced by the Master Servicer as provided for in Section 2.03(a) of the Pooling and Servicing Agreement, and such advances and interest thereon
shall be included in the calculation of Purchase Price for the Affected Loan(s) to be repurchased or replaced. 
 Subject to
the Seller’s right to cure set forth above in this Section 6(e), and further subject to Sections 2.01(b) and 2.01(c) of the Pooling and Servicing Agreement, failure of the Seller to deliver the documents referred to in clauses [(1),
(2), (7), (8), (18) and (19)] in the definition of “Mortgage File” in the Pooling and Servicing Agreement in accordance with this Agreement and the Pooling and Servicing Agreement for any Mortgage Loan shall be deemed a Material Document
Defect; provided, however, that no Document Defect (except such deemed Material Document Defect described above) shall be considered to be a Material Document Defect unless the document with respect to which the Document Defect exists
is required in connection with an imminent enforcement of the lender’s rights or remedies under the related Mortgage Loan, defending any claim asserted by any Mortgagor or third party with respect to the Mortgage Loan, establishing the validity
or priority of any lien on any collateral securing the Mortgage Loan or for any immediate significant servicing obligation. 

With respect to any Outside Serviced Mortgage Loan, the Seller agrees that if a “material document defect” (as such
term or any analogous term is defined in the related Outside Servicing Agreement) exists under the related Outside Servicing Agreement with respect to the related Outside Serviced Companion Loan included in the related Outside Securitization Trust,
and such Outside Serviced Companion Loan is repurchased by or on behalf of such Seller (or other responsible repurchasing entity) from the related Outside Securitization Trust as a result of such “material document defect” (as such term or
any analogous term is defined in such Outside Servicing Agreement), then the Seller shall repurchase such Outside Serviced Mortgage Loan; provided, however, that such repurchase obligation does not apply to any “material document
defect” (as such term or any analogous term is defined in the related Outside Servicing Agreement) related to the promissory note for such Outside Serviced Companion Loan. 

  
 -15- 

 (f)    In connection with any repurchase or substitution
of one or more Mortgage Loans pursuant to this Section 6, the Pooling and Servicing Agreement shall provide that the Trustee, the Certificate Administrator, the Custodian, the Master Servicer and the Special Servicer shall
each tender to the repurchasing entity, upon delivery to each of them of a receipt executed by the repurchasing entity evidencing such repurchase or substitution, all portions of the Mortgage File (including, without limitation, the Servicing File)
and other documents and all Escrow Payments and reserve funds pertaining to such Mortgage Loan possessed by it, and each document that constitutes a part of the Mortgage File shall be endorsed or assigned to the extent necessary or appropriate to
the repurchasing or substituting entity or its designee in the same manner, but only if the respective documents have been previously assigned or endorsed to the Trustee, and pursuant to appropriate forms of assignment, substantially similar to the
manner and forms pursuant to which such documents were previously assigned to the Trustee or as otherwise reasonably requested to effect the retransfer and reconveyance of the Mortgage Loan and the security therefor to the Seller or its designee;
provided that such tender by the Trustee, the Certificate Administrator and/or the Custodian shall be conditioned upon its receipt from the Master Servicer of a Request for Release and an Officer’s Certificate to the effect that the
requirements for repurchase or substitution have been satisfied. In the event a Qualified Substitute Mortgage Loan is substituted for a Defective Mortgage Loan by the Seller as contemplated by this Section 6, the Seller
shall deliver to the Custodian the related Mortgage File and to the Master Servicer all Escrow Payments and reserve funds pertaining to such Qualified Substitute Mortgage Loan possessed by it and a certification to the effect that such Qualified
Substitute Mortgage Loan satisfies all of the requirements of the definition of “Qualified Substitute Mortgage Loan” in the Pooling and Servicing Agreement. 

If any Mortgage Loan is to be repurchased or replaced as contemplated by this Section 6, the Seller
shall amend the Mortgage Loan Schedule to reflect the removal of any deleted Mortgage Loan and, if applicable, the substitution of the related Qualified Substitute Mortgage Loan(s) and deliver or cause the delivery of such amended Mortgage Loan
Schedule to the parties to the Pooling and Servicing Agreement. Upon any substitution of a Qualified Substitute Mortgage Loan for a deleted Mortgage Loan, such Qualified Substitute Mortgage Loan shall become part of the Trust Fund and be subject to
the terms of this Agreement in all respects. 
 (g)    The representations and warranties of the parties
hereto shall survive the execution and delivery and any termination of this Agreement and shall inure to the benefit of the respective parties, notwithstanding any restrictive or qualified endorsement on the Notes or Assignment of Mortgage or the
examination of the Mortgage Files. 
 (h)    Each party hereto agrees to promptly notify the other party
of any breach of a representation or warranty contained in Section 6(c) of this Agreement. The Seller’s obligation to cure any Material Defect or to repurchase, or substitute for, or make a Loss of Value Payment with
respect to, any affected Mortgage Loan pursuant to this Section 6 shall constitute the sole remedy available to the Purchaser in connection with a breach of any of the Seller’s representations or warranties contained
in Section 6(c) of this Agreement or a Document Defect with respect to any Mortgage Loan. 

  
 -16- 

 (i)    The Seller shall promptly notify the Depositor if
(i) the Seller receives a Repurchase Communication of a Repurchase Request (other than from the Depositor), (ii) the Seller repurchases or replaces a Mortgage Loan, (iii) the Seller receives a Repurchase Communication of a Repurchase
Request Withdrawal (other than from the Depositor) or (iv) the Seller rejects or disputes any Repurchase Request. Each such notice shall be given no later than the tenth (10th) Business Day after (A) with respect to clauses (i) and
(iii) of the preceding sentence, receipt of a Repurchase Communication of a Repurchase Request or a Repurchase Request Withdrawal, as applicable, and (B) with respect to clauses (ii) and (iv) of the preceding sentence, the occurrence of
the event giving rise to the requirement for such notice, and shall include (1) the identity of the related Mortgage Loan and the person making the Repurchase Request, (2) the date (x) such Repurchase Communication of such Repurchase
Request or Repurchase Request Withdrawal was received, (y) the related Mortgage Loan was repurchased or replaced or (z) the Repurchase Request was rejected or disputed, as applicable, and (3) if known, the basis for (x) the
Repurchase Request (as asserted in the Repurchase Request) or (y) any rejection or dispute of a Repurchase Request, as applicable. 

The Seller shall provide to the Depositor and the Certificate Administrator the Seller’s “Central Index Key”
number assigned by the Securities and Exchange Commission (the “Commission”) and a true, correct and complete copy of the relevant portions of any Form ABS-15G that the Seller is required to
file with the Commission under Rule 15Ga-1 under the Exchange Act with respect to the Mortgage Loans, on or before the date that is five (5) Business Days before the date such Form ABS-15G is required to be filed with the Commission. 
 In addition, the Seller shall
provide the Depositor, upon request, such other information in its possession as would permit the Depositor to comply with its obligations under Rule 15Ga-1 under the Exchange Act to disclose fulfilled
and unfulfilled repurchase requests. Any such information requested shall be provided as promptly as practicable after such request is made. 

The Seller agrees that no Rule 15Ga-1 Notice Provider will be required to provide
information in a Rule 15Ga-1 Notice that is protected by the attorney-client privilege or attorney work product doctrines. In addition, the Seller hereby acknowledges that (i) any Rule 15Ga-1 Notice provided pursuant to Section 2.03(a) of the Pooling and Servicing Agreement is so provided only to assist the Seller, the Depositor and their respective Affiliates to comply with Rule 15Ga-1 under the Exchange Act, Items 1104 and 1121 of Regulation AB and any other requirement of law or regulation and (ii)(A) no action taken by, or inaction of, a Rule
15Ga-1 Notice Provider and (B) no information provided pursuant to Section 2.03(a) of the Pooling and Servicing Agreement by a Rule 15Ga-1 Notice Provider
shall be deemed to constitute a waiver or defense to the exercise of any legal right the Rule 15Ga-1 Notice Provider may have with respect to this Agreement, including with respect to any Repurchase Request
that is the subject of a Rule 15Ga-1 Notice. 
 Each party hereto agrees that the
receipt of a Rule 15Ga-1 Notice or the delivery of any notice required to be delivered pursuant to this Section 6(i) shall not, in and of itself, constitute delivery of notice of,
receipt of notice of, or knowledge of the Seller of, any Material Defect. 

  
 -17- 

 Each party hereto agrees and acknowledges that, as of the date of this
Agreement, the “Central Index Key” number of the Trust Fund is [                ]. 

“Repurchase Communication” means, for purposes of this Section 6(i) only, any
communication, whether oral or written, which need not be in any specific form. 
 (j)    The Seller
hereby acknowledges and agrees that it has engaged [ACCOUNTING FIRM] (the “Accounting Firm”) to perform “due diligence services” (as defined in Rule 17g-10 under the Exchange Act)
with respect to the Mortgage Loans and to prepare a “third-party due diligence report” (as defined in Rule 15Ga-2 under the Exchange Act) (the “Accountant’s Third-Party Due Diligence
Report”) in connection therewith. The Seller hereby represents and warrants to, and covenants with, the Depositor that, except with respect to the Accounting Firm and the Accountant’s Third-Party Due Diligence Report, the Seller, as of
the Closing Date, (A) has not obtained any “third-party due diligence report” (as defined in Rule 15Ga-2 under the Exchange Act), and (B) has not retained any third party to engage in, and
will not retain any third party to engage in, any activity that constitutes “due diligence services” (as defined in Rule 17g-10 under the Exchange Act) with respect to the Mortgage Loans, unless, in
the case of the immediately preceding clause (B) and following the Closing Date, the Seller provides prior written notice to the Depositor together with evidence satisfactory to the Depositor that the Seller will (i) cause the third-party
due diligence provider to comply with its obligations under Section 15E(s)(4)(B) of, and Rule 17g-10 under, the Exchange Act (including with respect to the timely delivery to any applicable NRSRO and to
the Depositor of a Form ABS Due Diligence-15E), and (ii) facilitate the Depositor’s compliance with Rule 17g-5(a)(3)(iii)(E) under the Exchange Act, with
respect thereto. The Seller further represents and warrants that no portion of the Accountant’s Third-Party Due Diligence Report contains, with respect to the information contained therein with respect to the Mortgage Loans, any names,
addresses, other personal identifiers or zip codes with respect to any individuals, or any other personally identifiable or other information that would be associated with an individual, including without limitation any “nonpublic personal
information” within the meaning of Title V of the Gramm-Leach-Bliley Financial Services Modernization Act of 1999. The Underwriters and Initial Purchasers are third-party beneficiaries of the provisions set forth in this
Section 6(j). 
 SECTION 7    Review of Mortgage File. The parties
hereto acknowledge that the Custodian will be required to review the Mortgage Files pursuant to Section 2.02 of the Pooling and Servicing Agreement and if it finds any document or documents not to have been properly executed, or to be missing
or to be defective on its face in any material respect, to notify the Purchaser, which shall promptly notify the Seller. 

SECTION 8    Conditions to Closing. The obligation of the Seller to sell the Mortgage Loans shall
be subject to the Seller having received the purchase price for the Mortgage Loans as contemplated by Section 1 of this Agreement. The obligations of the Purchaser to purchase the Mortgage Loans shall be subject to the
satisfaction, on or prior to the Closing Date, of the following conditions: 

  
 -18- 

 (a)    Each of the obligations of the Seller required to
be performed by it at or prior to the Closing Date pursuant to the terms of this Agreement shall have been duly performed and complied with and all of the representations and warranties of the Seller under this Agreement shall, subject to any
applicable exceptions set forth on Exhibit C to this Agreement, be true and correct in all material respects as of the Closing Date or as of such other date as of which such representation is made under the terms of Exhibit B to this
Agreement, and no event shall have occurred as of the Closing Date which would constitute a default on the part of the Seller under this Agreement, and the Purchaser shall have received a certificate to the foregoing effect signed by the Seller
substantially in the form of Exhibit D to this Agreement. 
 (b)    The
Pooling and Servicing Agreement (to the extent it affects the obligations of the Seller hereunder), in such form as is agreed upon and acceptable to the Purchaser, the Seller, the Underwriters, the Initial Purchasers and their respective counsel in
their reasonable discretion, shall be duly executed and delivered by all signatories as required pursuant to the terms thereof. 

(c)    The Purchaser shall have received the following additional closing documents: 

(i)    copies of the Seller’s Articles of Association, charter, by-laws or other organizational documents and all amendments, revisions, restatements and supplements thereof, certified as of a recent date by the Secretary of the Seller; 

(ii)    a certificate as of a recent date of the Secretary of State of the State of
[                ] to the effect that the Seller is duly organized, existing and in good standing in the State of
[                ]; 

(iii)    an officer’s certificate of the Seller in form reasonably acceptable to the
Underwriters, the Initial Purchasers and each Rating Agency; 
 (iv)    an opinion of
counsel of the Seller, subject to customary exceptions and carve-outs, in form reasonably acceptable to the Underwriters, the Initial Purchasers and each Rating Agency; and 

(v)    a letter from counsel of the Seller substantially to the effect that
(a) nothing has come to such counsel’s attention that would lead such counsel to believe that the agreed upon sections of the Preliminary Prospectus, the Prospectus, the Preliminary Offering Circular or the Final Offering Circular (each as
defined in the Indemnification Agreement), as of the date thereof or as of the Closing Date (or, in the case of the Preliminary Prospectus or the Preliminary Offering Circular, solely as of the time of sale) contained or contain, as applicable, with
respect to the Seller, the Mortgage Loans, any sub-servicers related to the Mortgage Loans, [APPLICABLE LOAN SELLER(S) ONLY: any related Loan Combination (including, without limitation, the identity of the
servicers for, and the terms of the Outside Servicing Agreement relating to, any Outside Serviced Loan Combination, and the identity of any co-originator of any Loan Combination),] the related Mortgaged
Properties and the related Mortgagors and their respective affiliates, any untrue statement of a material fact or omitted or omit to state a material fact necessary in 

  
 -19- 

 
order to make the statements therein relating to the Seller, the Mortgage Loans, any sub-servicers related to the Mortgage Loans, [APPLICABLE LOAN
SELLER(S) ONLY: any related Loan Combination (including, without limitation, the identity of the servicers for, and the terms of the Outside Servicing Agreement relating to, any Outside Serviced Loan Combination, and the identity of any co-originator of any Loan Combination),] the related Mortgaged Properties and the related Mortgagors and their respective affiliates, in the light of the circumstances under which they were made, not misleading and
(b) the Seller Information (as defined in the Indemnification Agreement) in the Prospectus appears to be appropriately responsive in all material respects to the applicable requirements of Regulation AB. 

(d)    The Public Certificates shall have been concurrently issued and sold pursuant to the terms of the
Underwriting Agreement. The Private Certificates shall have been concurrently issued and sold pursuant to the terms of the Certificate Purchase Agreements. 

(e)    The Seller shall have executed and delivered concurrently herewith the Indemnification Agreement
and [SPECIFY ANY OTHER APPLICABLE AGREEMENTS]. 
 (f)    The Seller shall furnish the Purchaser, the
Underwriters and the Initial Purchasers with such other certificates of its officers or others and such other documents and opinions to evidence fulfillment of the conditions set forth in this Agreement as the Purchaser and its counsel may
reasonably request. 
 SECTION 9    Closing. The closing for the purchase and sale of the
Mortgage Loans shall take place at the offices of Orrick, Herrington & Sutcliffe LLP, New York, New York, at [TIME], on the Closing Date or such other place and time as the parties shall agree. 

SECTION 10    Expenses. The Seller will pay its pro rata share (the Seller’s pro rata portion
to be determined according to the percentage that the aggregate principal balance as of the Cut-Off Date of all the Mortgage Loans represents as to the aggregate principal balance as of the Cut-Off Date of all the mortgage loans to be included in the Trust Fund) of all costs and expenses of the Purchaser in connection with the transactions contemplated herein, including, but not limited to:
(i) the costs and expenses of the Purchaser in connection with the purchase of the Mortgage Loans; (ii) the costs and expenses of reproducing and delivering the Pooling and Servicing Agreement and this Agreement and printing (or otherwise
reproducing) and delivering the Certificates; (iii) the reasonable and documented fees, costs and expenses of the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Operating Advisor, the Asset
Representations Reviewer and their respective counsel; (iv) the fees and disbursements of a firm of certified public accountants selected by the Purchaser and the Seller with respect to numerical information in respect of the Mortgage Loans and
the Certificates included in the Preliminary Prospectus, the Prospectus, the Preliminary Offering Circular, the Final Offering Circular and any related disclosure for the initial Form 8-K, including the cost
of obtaining any “comfort letters” with respect to such items; (v) the costs and expenses in connection with the qualification or exemption of the Certificates under state securities or blue sky laws, including filing fees and
reasonable fees and disbursements of counsel in connection therewith; (vi) the costs and expenses in connection with any determination of the eligibility of the Certificates for investment by institutional investors in any jurisdiction and the
preparation of any legal investment survey, including reasonable fees and 

  
 -20- 

 
disbursements of counsel in connection therewith; (vii) the costs and expenses in connection with printing (or otherwise reproducing) and delivering the Registration Statement (as such term
is defined in the Indemnification Agreement), Preliminary Prospectus, Prospectus, Preliminary Offering Circular and Final Offering Circular and the reproducing and delivery of this Agreement and the furnishing to the Underwriters of such copies of
the Registration Statement, Preliminary Prospectus, Prospectus, Preliminary Offering Circular, Final Offering Circular and this Agreement as the Underwriters may reasonably request; (viii) the fees of the rating agency or agencies requested to
rate the Certificates; (ix) the reasonable fees and expenses of Orrick, Herrington & Sutcliffe LLP as counsel to the Depositor; and (x) the reasonable fees and expenses of
[                    ], as counsel to the Underwriters and the Initial Purchasers. 

If the Seller elects to exercise its rights under Section 12.15 of the Pooling and Servicing Agreement, then the Seller
shall pay the reasonable costs and expenses (if any) of the Depositor, Master Servicer, Special Servicer and Trustee resulting from such parties’ obligations to cooperate with the Seller under Section 12.15 of the Pooling and Servicing
Agreement. 
 SECTION 11    Severability of Provisions. If any one or more of the covenants,
agreements, provisions or terms of this Agreement shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this
Agreement and shall in no way affect the validity or enforceability of the other provisions of this Agreement. Furthermore, the parties shall in good faith endeavor to replace any provision held to be invalid or unenforceable with a valid and
enforceable provision which most closely resembles, and which has the same economic effect as, the provision held to be invalid or unenforceable. 

SECTION 12    Governing Law. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR
RELATED TO THIS AGREEMENT, THE RELATIONSHIP OF THE PARTIES TO THIS AGREEMENT, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND DUTIES OF THE PARTIES TO THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS
AND DECISIONS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CHOICE OF LAW RULES THEREOF. THE PARTIES HERETO INTEND THAT THE PROVISIONS OF SECTIONS 5-1401 AND
5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW SHALL APPLY TO THIS AGREEMENT. 

SECTION 13    Waiver of Jury Trial. THE PARTIES HERETO HEREBY WAIVE, TO THE FULLEST EXTENT
PERMITTED BY LAW, THE RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM, WHETHER IN CONTRACT, TORT OR OTHERWISE, RELATING DIRECTLY OR INDIRECTLY TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

SECTION 14    Submission to Jurisdiction. EACH OF THE PARTIES HERETO IRREVOCABLY (I) SUBMITS
TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK LOCATED IN NEW YORK COUNTY AND THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK FOR THE PURPOSE OF ANY ACTION OR PROCEEDING

  
 -21- 

 
RELATING TO THIS AGREEMENT; (II) WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, THE DEFENSE OF AN INCONVENIENT FORUM IN ANY SUCH ACTION OR PROCEEDING IN ANY SUCH COURT; (III) AGREES
THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING IN ANY SUCH COURT SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN ANY OTHER JURISDICTION BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW; AND (IV) CONSENTS TO SERVICE OF PROCESS
UPON IT BY MAILING A COPY THEREOF BY CERTIFIED MAIL ADDRESSED TO IT AS PROVIDED FOR NOTICES HEREUNDER AND AGREES THAT NOTHING HEREIN SHALL AFFECT THE RIGHT TO EFFECT SERVICE OF PROCESS IN ANY MANNER PERMITTED BY LAW. 

SECTION 15    No Third-Party Beneficiaries. The
parties do not intend the benefits of this Agreement to inure to any third party except as expressly set forth in Section 6(j) and Section 16. 

SECTION 16    Assignment. The Seller hereby acknowledges that the Purchaser has, concurrently with
the execution hereof, executed and delivered the Pooling and Servicing Agreement and that, in connection therewith, it has assigned its rights hereunder to the Trustee for the benefit of the Certificateholders. The Seller hereby acknowledges its
obligations pursuant to Sections 2.01, 2.02 and 2.03 of the Pooling and Servicing Agreement. This Agreement shall bind and inure to the benefit of and be enforceable by the Seller, the Purchaser and their permitted successors and assigns. Any
Person into which the Seller may be merged or consolidated, or any Person resulting from any merger, conversion or consolidation to which the Seller may become a party, or any Person succeeding to all or substantially all of the business of the
Seller, shall be the successor to the Seller hereunder without any further act. The warranties and representations and the agreements made by the Seller herein shall survive delivery of the Mortgage Loans to the Trustee until the termination of the
Pooling and Servicing Agreement, but shall not be further assigned by the Trustee to any Person. 
 SECTION
17    Notices. All communications hereunder shall be in writing and effective only upon receipt and (i) if sent to the Purchaser, will be mailed, hand delivered, couriered or sent by fax transmission or electronic
mail and confirmed to it at [NOTICE ADDRESS], (ii) if sent to the Seller, will be mailed, hand delivered, couriered or sent by fax transmission or electronic mail and confirmed to it at [NOTICE ADDRESS], and (iii) in the case of any of the
preceding parties, such other address as may hereafter be furnished to the other party in writing by such parties. 

SECTION 18    Amendment. This Agreement may be amended only by a written instrument which
specifically refers to this Agreement and is executed by the Purchaser and the Seller. This Agreement shall not be deemed to be amended orally or by virtue of any continuing custom or practice. No amendment to the Pooling and Servicing Agreement
which relates to defined terms contained therein or to any obligations or rights of the Seller whatsoever shall be effective against the Seller unless the Seller shall have agreed to such amendment in writing. 

SECTION 19    Counterparts. This Agreement may be executed in any number of counterparts, and by
the parties hereto in separate counterparts, each of which when executed and delivered shall be deemed to be an original and all of which taken together shall constitute one and the same 

  
 -22- 

 
instrument. Delivery of an executed counterpart of a signature page of this Agreement in Portable Document Format (PDF) or by facsimile transmission shall be as effective as delivery of a
manually executed original counterpart of this Agreement. 
 SECTION 20    Exercise of Rights. No
failure or delay on the part of any party to exercise any right, power or privilege under this Agreement and no course of dealing between the Seller and the Purchaser shall operate as a waiver thereof, nor shall any single or partial exercise of any
right, power or privilege under this Agreement preclude any other or further exercise thereof or the exercise of any other right, power or privilege. Except as set forth in Section 6(h) of this Agreement, the rights and
remedies herein expressly provided are cumulative and not exclusive of any rights or remedies which any party would otherwise have pursuant to law or equity. No notice to or demand on any party in any case shall entitle such party to any other or
further notice or demand in similar or other circumstances, or constitute a waiver of the right of either party to any other or further action in any circumstances without notice or demand. 

SECTION 21    No Partnership. Nothing herein contained shall be deemed or construed to create a
partnership or joint venture between the parties hereto. Nothing herein contained shall be deemed or construed as creating an agency relationship between the Purchaser and the Seller and neither party shall take any action which could reasonably
lead a third party to assume that it has the authority to bind the other party or make commitments on such party’s behalf. 

SECTION 22    Miscellaneous. This Agreement supersedes all prior agreements and understandings
relating to the subject matter hereof. Neither this Agreement nor any term hereof may be waived, discharged or terminated orally, but only by an instrument in writing signed by the party against whom enforcement of the waiver, discharge or
termination is sought. 
 SECTION 23    Further Assurances. The Seller and Purchaser each agree
to execute and deliver such instruments and take such further actions as any party hereto may, from time to time, reasonably request in order to effectuate the purposes and carry out the terms of this Agreement. 

SECTION 24    [Recognition of U.S. Special Resolution Regimes.] 

(a)    [In the event a Covered Party (as defined below) becomes subject to a proceeding under a U.S.
Special Resolution Regime (as defined below), the transfer of this Agreement (and any interest and obligation in or under, and any property securing, this Agreement) from such Covered Party will be effective to the same extent as the transfer would
be effective under the U.S. Special Resolution Regime if this Agreement (and any interest and obligation in or under, and any property securing, this Agreement) were governed by the laws of the United States or a state of the United States. 

(b)    In the event that a Covered Party or any BHC Affiliate (as defined below) of such Covered Party
becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights (as defined below) with respect to this Agreement that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such
Default Rights could be exercised under the U.S. Special Resolution Regime if this Agreement were governed by the laws of the United States or a state of the United States. 

  
 -23- 

 (c)    For the purposes of this
Section 24, the following definitions apply: 
 “BHC Affiliate”
has the meaning assigned to the term “affiliate” in, and shall be interpreted in accordance with, 12 U.S.C. § 1841(k). 

“Covered Party” means any party to this Agreement that is one of the following: (i) a
“covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R.
§ 47.3(b), or any subsidiary of such a covered bank to which 12 C.F.R. Part 47 applies in accordance with 12 C.F.R. § 47.3(b); or (iii) a “covered FSI” as that term is defined in, and interpreted in accordance
with, 12 C.F.R. § 382.2(b). 
 “Default Right” has the meaning assigned to that
term in, and shall be interpreted in accordance with, 12 C.F.R. § 252.81, 12 C.F.R. § 47.2 or 12 C.F.R. § 382.1, as applicable. 

“U.S. Special Resolution Regime” means each of (i) the Federal Deposit Insurance Act and
the regulations promulgated thereunder and (ii) Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations promulgated thereunder.] 

* * * * * * 

  
 -24- 

 IN WITNESS WHEREOF, the parties hereto have caused their names to be signed
hereto by their respective officers thereunto duly authorized as of the day and year first above written. 
  

					
	 [PURCHASER]

 
					
		
	 By:
	 	
 

 
					
	         
	 	 Name:
	 	
		 	 Title:
	 	

 
					
			
	 [SPONSOR]
	 		 	

 
					
		
	 By:
	 	
 

 
					
	             
	 	 Name:
	 	
		 	 Title:
	 	

 EXHIBIT A 

MORTGAGE LOAN SCHEDULE 
  

															
	 Control

Number
	  	 Footnote
	  	 Loan

Number
	  	 Property Name
	  	 Address
	  	 City
	  	 State
	  	 Zip

Code

  
 A-1 

 EXHIBIT B 

MORTGAGE LOAN REPRESENTATIONS AND WARRANTIES 

[ADD BACK REPRESENTATIONS AND WARRANTIES TO CONFORM TO THE 

PROSPECTUS AND CONTEMPLATE AN EXCEPTION SCHEDULE] 

  
 B-1 

 Exhibit
B-30-1 
 List of Mortgage Loans with Current Mezzanine
Debt 

[                       
     ] 

  
 B-30-1-1 

 Exhibit
B-30-2 
 List of Mortgage Loans with Permitted Mezzanine
Debt 

[                       
     ] 

  
 B-30-2-1 

 Exhibit
B-30-3 
 List of Cross-Collateralized and Cross-Defaulted
Mortgage Loans 

[                       
     ] 

  
 B-30-3-1 

 EXHIBIT C 

EXCEPTIONS TO MORTGAGE LOAN REPRESENTATIONS AND WARRANTIES 
  

					
	Representation	 	Mortgage Loan	 	Description of Exception

  
 C-1 

 EXHIBIT D 

FORM OF CERTIFICATE 

[SPONSOR] (“Seller”) hereby certifies as follows: 

 

	 	 1.
	 All of the representations and warranties (except as set forth on Exhibit C) of the Seller under the
Mortgage Loan Purchase Agreement, dated as of [DATE] (the “Agreement”), between Citigroup Commercial Mortgage Securities Inc. and Seller, are true and correct in all material respects on and as of the date hereof (or as of such
other date as of which such representation is made under the terms of Exhibit B to the Agreement) with the same force and effect as if made on and as of the date hereof (or as of such other date as of which such representation is made under the
terms of Exhibit B to the Agreement). 

  

	 	 2.
	 The Seller has complied in all material respects with all the covenants and satisfied all the conditions on
its part to be performed or satisfied under the Agreement on or prior to the date hereof, and no event has occurred which would constitute a default on the part of the Seller under the Agreement. 

 

	 	 3.
	 Neither the Prospectus, dated [DATE] (the “Prospectus”), relating to the offering of the
Class [A-1, Class A-2, Class A-3, Class A-4, Class A-AB, Class X-A, Class A-S, Class B, Class EC, Class C and Class D] Certificates, nor the
Offering Circular, dated [DATE] (the “Offering Circular”), relating to the offering of the Class [E, Class F, Class G, Class H and Class R] Certificates, in the case of the Prospectus, as of the date of the
Prospectus or as of the date hereof, or the Offering Circular, as of the date thereof or as of the date hereof, included or includes any untrue statement of a material fact relating to the Seller, the Mortgage Loans, any sub-servicers related to the Mortgage Loans, [APPLICABLE LOAN SELLER(S) ONLY: any related Loan Combination (including, without limitation, the identity of the servicers for, and the terms of the Outside Servicing
Agreement (as defined in the Pooling and Servicing Agreement) relating to, any Outside Serviced Loan Combination, and the identity of any co-originator of any Loan Combination),] the related Mortgaged
Properties and the related Mortgagors and their respective affiliates or omitted or omits to state therein a material fact relating to the Seller, the Mortgage Loans, any sub-servicers related to the Mortgage
Loans, [APPLICABLE LOAN SELLER(S) ONLY: any related Loan Combination (including, without limitation, the identity of the servicers for, and the terms of the Outside Servicing Agreement (as defined in the Pooling and Servicing Agreement) relating to,
any Outside Serviced Loan Combination, and the identity of any co-originator of any 

  
 D-1 

 Loan Combination),] the related Mortgaged Properties and the related
Mortgagors and their respective affiliates required to be stated therein or necessary in order to make the statements therein relating to the Seller, the Mortgage Loans, any sub-servicers related to the
Mortgage Loans, [APPLICABLE LOAN SELLER(S) ONLY: any related Loan Combination (including, without limitation, the identity of the servicers for, and the terms of the Outside Servicing Agreement (as defined in the Pooling and Servicing Agreement)
relating to, any Outside Serviced Loan Combination, and the identity of any co-originator of any Loan Combination),] the related Mortgaged Properties and the related Mortgagors and their respective affiliates,
in the light of the circumstances under which they were made, not misleading. 
 [APPLICABLE LOAN SELLER(S) ONLY: For the
purposes of the foregoing certifications, with respect to any description contained in the Prospectus and the Offering Circular of the terms or provisions of or servicing arrangements under any Outside Servicing Agreement, to the extent that such
description refers to any terms or provisions of or servicing arrangements under the Pooling and Servicing Agreement, the Seller has assumed that the description of such terms or provisions of or servicing arrangements under the Pooling and
Servicing Agreement contained in the Prospectus and the Offering Circular (i) does not include an untrue statement of a material fact and (ii) does not omit to state therein a material fact necessary in order to make the statements
therein, in light of the circumstances under which they were made, not misleading.] 
 Capitalized terms used herein without
definition have the meanings given them in the Agreement or, if not defined therein, in the Indemnification Agreement. 
 [SIGNATURE APPEARS
ON THE FOLLOWING PAGE] 

  
 D-2 

 Certified this [    ] day of [MONTH] 20[    ]. 

 

					
	 [SPONSOR]

			
	         
	 	 By:
	 	  

		 		 	 Name:

		 		 	 Title:

  
 D-3Exhibit 10.1

 

SETTLEMENT AND MUTUAL RELEASE AGREEMENT

 

This Settlement and Mutual
Release Agreement (this “Agreement”) dated and effective May 4, 2021 (except as otherwise expressly provided
below) (the “Effective Date”), is by and between 180 Life sciences
Corp., a Delaware corporation (“180”), and EarlyBirdCapital, Inc., a Delaware corporation
(“EarlyBird”), each a “Party” and collectively the “Parties.”

 

W I T N E S S E T H:

WHEREAS, EarlyBirdCapital,
Inc. (“EarlyBird”) entered into a Finder Agreement dated October 17, 2018 with KBL Merger Corp. IV (“KBL”),
a predecessor of the Company, attached hereto as Exhibit A (the “Finder Agreement”);

 

WHEREAS, pursuant to the
Finder Agreement, EarlyBird agreed to provide KBL, now 180, introductions to one or more potential target entities, in accordance with
KBL’s prospectus, for potential business combinations, and KBL agreed to pay EarlyBird one percent (1.0%) of the total consideration
upon closing of a transaction with a target entity (“Compensation”).

 

WHEREAS, 180 desires to
satisfy amounts owed and settle all claims which have been made or could have been made with respect to the foregoing Finder Agreement
to EarlyBird through a cash payment of $275,000 and the issuance of 225,000 shares of 180 common stock to EarlyBird, and EarlyBird desires
to accept payment in cash and shares of 180 common stock, to settle all amounts due and all claims which have been made or could have
been made under the terms of the Finder Agreement, to agree to the termination of the Finder Agreement, and to provide for the Release
set forth below.

 

NOW THEREFORE, on the stated
premises and for and in consideration of the mutual covenants and agreements hereinafter set forth and the mutual benefits to the Parties
to be derived herefrom, the receipt, adequacy and sufficiency of which is hereby acknowledged and confessed, it is hereby agreed as set
forth below.

 

CERTAIN CAPITALIZED TERMS USED
BELOW ARE DEFINED IN SECTION 6 BELOW.

 

1.                 
Termination of Finder Agreement and Payment of Settlement Shares.

 

1.1             
In full and complete consideration for all amounts owed by 180 to EarlyBird under the Finder Agreement, in connection with the
Compensation, or otherwise, 180 agrees, within two (2) business days from the Effective Date, to make a cash payment to EarlyBird of $275,000
by wire transfer to the account designated by EarlyBird in writing, and issue to EarlyBird 225,000 shares of 180 common stock (the “Settlement
Shares,” and the date by which such cash payment has been made and such Settlement Shares are issued by 180, the “Payment
Date”). The cash payment and issuance of the Settlement Shares shall terminate any and all obligations of 180 under the
Finder Agreement to EarlyBird, and shall further satisfy in full any and all amounts owed by 180 to EarlyBird and all liabilities and
obligations owed by 180 to EarlyBird, under the Finder Agreement, which Finder Agreement shall be considered terminated as of such Payment
Date (without any termination or other payments due in connection therewith); provided, however, that Section 3 of the Finder Agreement
shall survive such termination and remain in full force and effect.

 

    180 and EarlyBird
Settlement and Mutual Release Agreement
Page 1 of 12

     

    

 

 

2.                 
Release.

 

2.1             
Effective as of the Payment Date, in consideration for the Parties agreeing to enter into and to be bound by the terms and conditions
of this Agreement and for other good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged
by the Parties, (i) 180 and (ii) EarlyBird (each for the purposes of this Section 2.1, a “Releasing Party”
and collectively the “Releasing Parties”), on behalf of each of such Releasing Party’s and their Affiliates,
officers, directors, employees, investors, shareholders, members, managers, administrators, predecessor and successor corporations, attorneys,
affiliates, agents, and assigns, hereby release, acquit and forever discharge each other, and their current, past and future Affiliates,
officers, directors, employees, investors, shareholders, members, managers, administrators, predecessor and successor entities, attorneys,
affiliates, agents, and assigns (each as applicable, the “Released Parties”) from all actions, causes of action,
suits, debts, dues, sums of money, Losses, obligations, duties, accounts, reckonings, covenants, controversies, agreements, promises,
variances, trespasses, damages, judgments, claims and demands, whether asserted or unasserted, whether known or unknown, suspected or
unsuspected, which they ever had or now have, upon or by reason of any manner, cause, causes or thing whatsoever, arising from the beginning
of time to the date of this Agreement, in law or equity and all rights, obligations, claims, demands, whether in contract, tort, or state
and/or federal law (each a “Claim”) arising from or relating to, or associated with the Finder Agreement (including,
but not limited to amounts owed, obligations under, or conditions of, such Finder Agreement), the Compensation, the services performed
by EarlyBird (x) under the Finder Agreement and/or (y) otherwise, on behalf of, at the request of, or for, 180, and any other
Claims whatsoever that any Releasing Party has against any other Releasing Party as of the date of this Agreement, except for Claims relating
to the failure of any non-Releasing Party to comply with the terms of this Agreement, except for the Confidentiality Requirements, and
except for any claims by EarlyBird under Section 3 of the Finder Agreement (“Indemnity Claims”) (the “Release”).

 

2.2             
The Releasing Parties acknowledge that there is a risk that, after execution of this Agreement, they may discover, incur or suffer
claims that were unknown or unanticipated at the time of this Agreement, including, but not limited to, unknown or unanticipated claims
that arise from, are based upon, or are related to, any facts underlying the Release set forth above in Section 2.1 (collectively
the “Released Claims”), which had they been known or more fully understood, may have affected the Releasing
Parties’ decisions to execute the Agreement as it currently is written. Each Releasing Party knowingly and expressly assumes the
risk of these unknown and unanticipated claims and agrees that this Agreement and the general releases set forth within it apply to all
such unknown, unanticipated or potential claims, except as set forth above in the definition of Release. Furthermore, it is the intention
of the Releasing Parties, by entering into this Agreement, to settle and release fully, finally and forever all Released Claims and any
and all claims that now exist, or may have at any time existed or shall come to exist in connection with the Released Claims, except as
set forth above in the definition of Release. In furtherance of the Releasing Parties’ intention, the releases given within this
Agreement shall be and remain in effect as full and complete releases and discharges of the Released Claims and of any related matters
notwithstanding the discovery by any Releasing Party of the existence of any additional or different claims or the facts relative to any
such claims, except as set forth above in the definition of Release. In furtherance of the Release, each Releasing Party waives any right
such may have under any statutes and regulations, which state, in substance:

 

    180 and EarlyBird
Settlement and Mutual Release Agreement
Page 2 of 12

     

    

 

‘‘A general release does not
extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known
by him may have materially affected his settlement with the debtor.’’

 

2.3             
The Releasing Parties are not aware of any claims not being released herein against them, except as set forth above in the definition
of Release.

 

3.                 
Covenant Not to Sue.

 

3.1             
Subject to the excepted matters set forth herein (including, but not limited to the Confidentiality Requirements and Indemnity
Claims), the Releasing Parties agree that they will forever refrain and forbear from commencing, instituting or prosecuting any lawsuit,
action or other proceeding, in law, equity or otherwise, against the Released Parties, in any way arising out of or relating to the Released
Claims.

 

3.2             
The Releasing Parties each acknowledge and agree that monetary damages alone are inadequate to compensate the other Party (or their
assigns) for injury caused or threatened by a breach of this “Covenant Not to Sue” and that preliminary and
permanent injunctive relief restraining and prohibiting the prosecution of any action or proceeding brought or instituted in violation
of this Covenant Not to Sue is a necessary and appropriate remedy in the event of such a breach. Nothing contained in this Section, however,
shall be interpreted or construed to prohibit or in any way to limit the right of a non-breaching Released Party or of any of its assigns
to obtain, in addition to injunctive relief, an award of monetary damages against any person or entity breaching this Covenant Not to
Sue and Agreement.

 

3.3             
Notwithstanding the foregoing, any Indemnity Claims and any action or proceeding brought for breach of or to interpret or enforce
the terms of this Agreement are excepted from each of the Covenants Not to Sue set forth above.

 

3.4             
The Releasing Parties understand, acknowledge and agree that the releases set forth above may be pleaded as a full and complete
defense and may be used as a basis for an injunction against any action, claim, suit or other proceeding which may be instituted, prosecuted
or attempted in breach of the provisions of such releases. Similarly, the Releasing Parties agree that no fact, event, circumstance, evidence
or transaction which could now be asserted or which may hereafter be discovered relating to the subject matter discussed above, shall
affect in any manner the final, absolute and unconditional nature of the release set forth above.

 

    180 and EarlyBird
Settlement and Mutual Release Agreement
Page 3 of 12

     

    

 

4.                 
Mutual Representations, Covenants and Warranties.

 

4.1             
Each of the Parties, for themselves and for the benefit of each of the other Parties hereto, represents, covenants and warranties
that:

 

4.1.1       
Such Party has all requisite power and authority, corporate or otherwise, to execute and deliver this Agreement and to consummate
the transactions contemplated hereby and thereby. This Agreement constitutes the legal, valid and binding obligation of such Party enforceable
against such Party in accordance with its terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting creditors’ rights generally and general equitable principles;

 

4.1.2       
The execution and delivery by such Party and the consummation of the transactions contemplated hereby and thereby do not and shall
not, by the lapse of time, the giving of notice or otherwise: (i) constitute a violation of any law; or (ii) constitute a breach of any
provision contained in, or a default under, any of such Party’s Governing Documents, or any governmental approval, any writ, injunction,
order, judgment or decree of any governmental authority or any contract to which such Party is bound or affected; and

 

4.1.3       
Any individual executing this Agreement on behalf of an entity has authority to act on behalf of such entity and has been duly
and properly authorized to sign this Agreement on behalf of such entity.

 

5.                 
Representations of EarlyBird. EarlyBird acknowledges, represents and warranties to 180 that:

 

5.1             
 it is acquiring the Settlement Shares, for its own account, for investment purposes only and not with a view to, or for sale in
connection with, a distribution, as that term is used in Section 2(11) of the Securities Act of 1933, as amended (the “Securities
Act”), in a manner which would require registration under the Securities Act or any state securities laws. EarlyBird can
bear the economic risk of investment in the Settlement Shares, has knowledge and experience in financial business matters, is capable
of bearing and managing the risk of investment in the Settlement Shares and is an “accredited investor” as defined
in Regulation D under the Securities Act. EarlyBird recognizes that the Settlement Shares have not been registered under the Securities
Act, nor under the securities laws of any state and, therefore, cannot be resold unless the resale of the Settlement Shares is registered
under the Securities Act or unless an exemption from registration is available—provided further that, other than as provided below,
180 is under no obligation to register the resale of such Settlement Shares. EarlyBird has carefully considered and has, to the extent
it believes such discussion necessary, discussed with its respective professional, legal, tax and financial advisors, the suitability
of an investment in the Settlement Shares for its particular tax and financial situation. EarlyBird has not been offered the Settlement
Shares by any form of general solicitation or advertising, including, but not limited to, advertisements, articles, notices or other communications
published in any newspaper, magazine, or other similar media or television or radio broadcast. EarlyBird has had an opportunity to ask
questions of and receive satisfactory answers from 180, or persons acting on behalf of 180, concerning the Settlement Shares and 180,
and all such questions have been answered to the full satisfaction of EarlyBird. EarlyBird is relying on its own investigation and evaluation
of 180 and the Settlement Shares and not on any other information; and

 

    180 and EarlyBird
Settlement and Mutual Release Agreement
Page 4 of 12

     

    

 

5.2             
EarlyBird understands and agrees that a legend has been or will be placed on any certificate(s) or other document(s) evidencing
the Settlement Shares in substantially the following form:

 

‘‘THE SECURITIES REPRESENTED
BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED OR ANY STATE SECURITIES ACT. THE SECURITIES
HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS (I) THEY SHALL HAVE BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED AND ANY APPLICABLE STATE SECURITIES ACT, OR (II) THE CORPORATION SHALL HAVE BEEN FURNISHED
WITH AN OPINION OF COUNSEL, SATISFACTORY TO COUNSEL FOR THE CORPORATION, THAT REGISTRATION IS NOT REQUIRED UNDER ANY SUCH ACTS.”

 

6.                 
Definitions. In addition to other terms defined throughout this Agreement, the following terms have the following meanings
when used herein:

 

6.1             
“Affiliate” means (x) any Person directly or indirectly controlling, controlled by or under common control
with another Person, (y) any manager, director, officer, partner or employee of a Person, or (z) any spouse, spousal equivalent or other
cohabitant occupying a relationship generally equivalent to that of a spouse, father, mother, brother, sister or descendant of a Person;
a Person shall be deemed to control another Person if such Person possesses, directly or indirectly, the power to direct or cause the
direction of the management and policies of such other Person, whether through ownership of voting securities, by contract, or otherwise.

 

6.2             
Intentionally Omitted

 

6.3             
“Governing Documents” of an entity shall mean the (i) articles or certificate of incorporation or association,
certificate of formation, articles of organization or certificate of limited partnership or similar instrument under which an entity is
formed; and (ii) the other documents or agreements, including bylaws, partnership agreements of partnerships, operating agreements of
limited liability companies, or similar documents, adopted by the entity to govern the formation and internal affairs of the entity.

 

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Settlement and Mutual Release Agreement
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6.4             
“Loss” means all losses, damages, liabilities (including, without limitation, tax liabilities), claims,
demands, causes of action, judgments, settlements, fines, penalties, costs and expenses (including, without limitation, court costs and
reasonable attorney’s and experts’ fees) of any and every kind or character, known or unknown, fixed or contingent, lost work
hours (at regular billing rates) and other out-of-pocket costs and expenses and lost time.

 

6.5             
“Person” means any natural person, corporation, general partnership, limited partnership, limited liability
company, limited liability partnership, proprietorship, business or statutory trust, trust, union, association, instrumentality, governmental
authority or other entity, enterprise, authority, or unincorporated entity.

 

7.                 
No Prior Assignments. The Parties hereto represent that each has not assigned, in whole or in part, any claim, demand
and/or causes of action against any other Party, or their Affiliates, agents, officers, directors, servants, representatives, successors,
employees, attorneys, or assigns to any person or entity prior to such Party’s execution of this Agreement.

 

8.                 
No Presumption from Drafting. This Agreement has been negotiated at arm’s-length between persons knowledgeable
in the matters set forth within this Agreement. Accordingly, given that all Parties have had the opportunity to draft, review and/or edit
the language of this Agreement, no presumption for or against any Party arising out of drafting all or any part of this Agreement will
be applied in any action relating to, connected with or involving this Agreement. In particular, any rule of law, legal decisions, or
common law principles of similar effect that would require interpretation of any ambiguities in this Agreement against the Party that
has drafted it, is of no application and is hereby expressly waived.

 

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Settlement and Mutual Release Agreement
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9.                 
No Admission of Liability. Each Party acknowledges and agrees that this Agreement is a compromise and neither this Agreement,
nor any consideration provided pursuant to this Agreement, shall be taken or construed to be an admission or concession by either Party
of any kind with respect to any fact, liability, or fault except as may be expressly set forth herein.

 

10.             
Fees and Expenses. Each of the Parties shall pay the fees and expenses of its advisers, counsel, accountants and other
experts, if any, and all other expenses incurred by such Party incident to the negotiation, preparation, execution, delivery and performance
of this Agreement.

 

11.             
Binding Effect. This Agreement shall not be binding on any Party unless and until it is executed by, and delivered to,
all Parties, and upon such execution and delivery, shall be binding on and inure to the benefit of each of the Parties and their respective
heirs, successors, assigns, directors, officers, agents, employees and personal representatives.

 

12.             
Choice of Law. This Agreement shall be governed by and construed according to the laws of the State of Delaware, without
giving effect to its choice of law principles. Any actions and proceedings arising out of or relating directly or indirectly to this Agreement
or any ancillary agreement or any other related obligations shall be litigated solely and exclusively in the state or federal courts located
in Delaware, and those such courts are convenient forums. Each Party hereby submits to the personal jurisdiction of such courts for purposes
of any such actions or proceedings.

 

13.             
Further Assurances. The Parties agree that, from time to time, each of them will take such other action and to execute,
acknowledge and deliver such contracts, deeds, or other documents as may be reasonably requested and necessary or appropriate to carry
out the purposes and intent of this Agreement and the transactions contemplated herein.

 

14.             
Intentionally Omitted

 

15.             
Modification. This Agreement may be modified only by a writing signed by the Party against whom enforcement of the modification
is sought.

 

16.             
Entire Agreement. This Agreement constitutes the entire agreement between the Parties pertaining to the subject matter
hereof and supersedes all prior and contemporaneous agreements, understandings, negotiations and discussions, whether oral or written,
of the Parties in connection with the subject matter hereof.

 

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Settlement and Mutual Release Agreement
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17.             
Severability. Every provision of this Agreement is intended to be severable. If, in any jurisdiction, any term or provision
hereof is determined to be invalid or unenforceable, (a) the remaining terms and provisions hereof shall be unimpaired, (b) any such invalidity
or unenforceability in any jurisdiction shall not invalidate or render unenforceable such term or provision in any other jurisdiction,
and (c) the invalid or unenforceable term or provision shall, for purposes of such jurisdiction, be deemed replaced by a term or provision
that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision.

 

18.             
Construction. When used in this Agreement, unless a contrary intention appears: (i) a term has the meaning assigned
to it; (ii) “or” is not exclusive; (iii) “including” means including without limitation;
(iv) words in the singular include the plural and words in the plural include the singular, and words importing the masculine gender include
the feminine and neuter genders; (v) any agreement, instrument or statute defined or referred to herein or in any instrument or certificate
delivered in connection herewith means such agreement, instrument or statute as from time to time amended, modified or supplemented and
includes (in the case of agreements or instruments) references to all attachments thereto and instruments incorporated therein; (vi) the
words “hereof”, “herein” and “hereunder” and words of similar
import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision hereof; (vii) references
contained herein to Article, Section, Schedule, Appendix and Exhibit, as applicable, are references to Articles, Sections, Schedules,
Appendixes and Exhibits in this Agreement unless otherwise specified and any such Schedules, Appendixes and Exhibits referred to herein
shall be construed with, and as an integral part of, this Agreement to the same extent as if they were set forth verbatim herein; (viii)
references to “writing” include printing, typing, lithography and other means of reproducing words in a visible
form, including, but not limited to email; (ix) references to “dollars”, “Dollars”
or “$” in this Agreement shall mean United States dollars; (x) reference to a particular statute, regulation
or law means such statute, regulation or law as amended or otherwise modified from time to time; (xi) any definition of or reference to
any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as
from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications
set forth herein); (xii) unless otherwise stated in this Agreement, in the computation of a period of time from a specified date to a
later specified date, the word “from” means “from and including” and the words “to”
and “until” each mean “to but excluding”; (xiii) references to “days”
shall mean calendar days; and (xiv) the paragraph headings contained in this Agreement are for convenience only, and shall in no manner
be construed as part of this Agreement.

 

19.             
Review of Agreement; Voluntarily Entering Into Agreement. Each Party herein expressly represents and warrants to all
other Parties hereto that (a) before executing this Agreement, said Party has fully informed itself of the terms, contents, conditions
and effects of this Agreement; (b) said Party has relied solely and completely upon its own judgment in executing this Agreement; (c)
said Party has had the opportunity to seek and has obtained the advice of its own legal, tax and business advisors before executing this
Agreement; (d) said Party has acted voluntarily and of its own free will in executing this Agreement; and (e) this Agreement is the result
of arm’s length negotiations conducted by and among the Parties and their respective counsel.

 

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Settlement and Mutual Release Agreement
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20.             
Confidentiality. 180 and EarlyBird confirm that each Party may have disclosed confidential and proprietary information
to the other (such disclosing party, the “Disclosing Party” and such receiving party, the “Receiving
Party”) relating to such Disclosing Party’s business, including, but not limited to ideas, prospects, business transactions,
concepts, strategies, corporate and financing structures, data, spreadsheets, summaries, reports, drawings, charts, specifications, forms,
materials, or agreements (collectively, “Confidential Information”). Each Receiving Party agrees not to divulge
any such Confidential Information to any third party, except as may be required or requested to be disclosed by order of a court, administrative
agency or governmental body or self-regulatory organization, or by any rule, law or regulation, or by subpoena or any other legal or administrative
process, or as requested by any regulator or self-regulatory organization, provided in such case the Receiving Party provides the Disclosing
Party notice of such disclosure. Notwithstanding the foregoing, the Parties agree that Confidential Information shall not include information
which (a) was known by a Receiving Party prior to its disclosure by the Disclosing Party and is not subject to other confidentiality obligation,
(b) is or becomes publicly known through no breach of this Agreement, (c) is received from a third party without a breach of any confidentiality
obligation known to the Receiving Party, (d) is independently developed by the Receiving Party or (e) is disclosed with the Disclosing
Party’s prior written consent. The obligations set forth in this Section 20 shall be defined herein as the “Confidentiality
Requirements”, and such Confidentiality Requirements shall survive the consummation of the transactions contemplated by
this Agreement and continue to bind the Parties in perpetuity.

 

21.             
Execution. This Agreement and any signed agreement or instrument entered into in connection with this Agreement, and
any amendments hereto or thereto, may be executed in one or more counterparts, all of which shall constitute one and the same instrument.
Any such counterpart, to the extent delivered by means of a facsimile machine or by .pdf, .tif, .gif, .jpeg or similar attachment to electronic
mail (any such delivery, an “Electronic Delivery”) shall be treated in all manner and respects as an original
executed counterpart and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered
in person. At the request of any Party, each other Party shall re execute the original form of this Agreement and deliver such form to
all other Parties. No Party shall raise the use of Electronic Delivery to deliver a signature or the fact that any signature or agreement
or instrument was transmitted or communicated through the use of Electronic Delivery as a defense to the formation of a contract, and
each such Party forever waives any such defense, except to the extent such defense relates to lack of authenticity.

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Settlement and Mutual Release Agreement
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22.             
Registration Rights. If 180 at any time prior to the earlier of (a) the Rule 144 Availability Date; and (b) the date
that the Settlement Shares are no longer beneficially owned by EarlyBird or its Affiliates, determines to file a registration statement
under the Securities Act, to register the offer and sale, by 180, of Common Stock of 180 (other than (i) on Form S-4 or Form S-8 under
the Securities Act or any successor forms thereto, (ii) an at-the-market offering, (iii) a registration of securities solely relating
to an offering and sale to employees or directors of 180 pursuant to any employee stock plan or other employee benefit plan arrangement,
or (iv) a registration of the resale of securities required pursuant to the terms of a registration rights agreement or similar agreement
or agreement provision in effect prior to the Effective Date, but only if such agreement or provision prohibits the inclusion of the Settlement
Shares), 180 shall promptly give written notice to EarlyBird of its intention to so register the offering and sale of Common Stock and,
upon the written request, given within five (5) business days after delivery of any such notice by 180, of EarlyBird to include in such
registration the Settlement Shares (which request shall specify the number of Settlement Shares proposed to be included in such registration),
180 shall cause all such Settlement Shares to be included in such registration statement on the same terms and conditions as the Common
Stock otherwise being sold pursuant to such registered offering. As a condition to the requirement above, EarlyBird shall also provide
180 customary and reasonable representations and confirmations regarding the Common Stock held by EarlyBird, information relating to the
beneficial ownership of other securities of 180 held by EarlyBird and its Affiliates, information regarding the persons with voting and
dispositive control over EarlyBird and such other information as 180 or its legal counsel may reasonably request. EarlyBird acknowledges
and understands that notwithstanding the terms of this Section 22, above, 180 shall not be required to include the Settlement Shares
in a registration statement relating solely to an offering by 180 of securities for its own account if the managing underwriter or placement
agent shall have advised 180 in writing that the inclusion of such securities will have a material adverse effect upon the ability of
180 to sell securities for its own account, and provided further that EarlyBird is not treated less favorably than others seeking to have
their securities included in such registration statement. The “Rule 144 Availability Date” means the date that
such Settlement Shares become eligible for resale pursuant to Rule 144 without any volume limitations.

 

 

 

 

[Remainder of page left intentionally
blank. Signature page(s) follows.]

 

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Settlement and Mutual Release Agreement
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IN WITNESS WHEREOF, intending
to be legally bound, the Parties hereto have executed this Agreement on the date set forth above, to be effective as of the Effective
Date, except as otherwise provided above.

 

(“180”)

 

180 Life Sciences Corp.

 

 

By: /s/ Ozan Pamir                             

 

Its: Interim CFO                             

 

Printed Name: Ozan Pamir                             

 

 

(“EarlyBird”)

 

EarlyBirdCapital, Inc.

 

 

By: /s/ David Nussbaum                              

 

Its: Chairman                             

 

Printed Name: David Nussbaum                             

 

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Settlement and Mutual Release Agreement
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EXHIBIT A

Finder Agreement

 

 

 

 

    180 and EarlyBird
Settlement and Mutual Release Agreement
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