Document:

Exhibit 4.12

 AGREEMENT BETWEEN NOTE HOLDERS

Dated as of June 28, 2022

by and between

 

UBS AG

(Note A-1 Holder)

and

 

UBS AG

(Note A-2 Holder)

and

 

UBS AG

(Note A-3 Holder)

and

 

UBS AG

(Note A-4 Holder)

and

 

UBS AG

(Note A-5 Holder)

and

 

UBS AG

(Note A-6 Holder)

and

 

UBS AG

(Note A-7 Holder)

and

 

UBS AG

(Note A-8 Holder)

and

 

UBS AG

(Note A-9 Holder)

and

 

UBS AG

(Note A-10 Holder)

 

3075 Olcott

    	 	  	 

    

    

TABLE OF CONTENTS

Page

	Section 1.     Definitions.	3
	Section 2.     Servicing of the Mortgage Loan.	24
	Section 3.     Priority of Payments.	35
	Section 4.     Workout.	36
	Section 5.     Administration of the Mortgage Loan.	36
	Section 6.     Rights of the Controlling Note Holder.	41
	Section 7.     Appointment of Special Servicer.	44
	Section 8.     Payment Procedure.	44
	Section 9.     Limitation on Liability of the Note Holders.	46
	Section 10.   Bankruptcy.	46
	Section 11.   Representations of the Note Holders.	47
	Section 12.   No Creation of a Partnership or Exclusive Purchase Right.	47
	Section 13.   Other Business Activities of the Note Holders.	48
	Section 14.   Sale of the Notes.	48
	Section 15.   Registration of the Notes and Each Note Holder.	51
	Section 16.   Governing Law; Waiver of Jury Trial.	52
	Section 17.   Submission To Jurisdiction; Waivers.	52
	Section 18.   Modifications.	52
	Section 19.   Statement of Intent.	53
	Section 20.   Successors and Assigns; Third Party Beneficiaries.	53
	Section 21.   Counterparts.	53
	Section 22.   Captions.	53
	Section 23.   Severability.	53
	Section 24.   Entire Agreement.	53
	Section 25.   Withholding Taxes.	53
	Section 26.   Custody of Mortgage Loan Documents.	55
	Section 27.   Cooperation in Securitization.	55
	Section 28.   Notices.	56
	Section 29.   Broker.	57
	Section 30.   Certain Matters Affecting the Agent.	57
	Section 31.   Reserved.	57
	Section 32.   Resignation or Termination of Agent.	57
	Section 33.   Resizing.	58

 

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This AGREEMENT BETWEEN NOTE
HOLDERS (this “Agreement”), dated as of June 28, 2022 by and between UBS AG, by and through its branch office at 1285
Avenue of the Americas, New York, New York (“UBS AG” and, together with its successors and assigns in interest, in
its capacity as initial owner of the Note A-1, the “Note A-1 Holder”, and in its capacity as the initial agent, the
“Initial Agent”), UBS AG (together with its successors and assigns in interest, in its capacity as initial owner of
the Note A-2, the “Note A-2 Holder”), UBS AG (together with its successors and assigns in interest, in its capacity
as initial owner of the Note A-3, the “Note A-3 Holder”), UBS AG (together with its successors and assigns in interest,
in its capacity as initial owner of the Note A-4, the “Note A-4 Holder”), UBS AG (together with its successors and
assigns in interest, in its capacity as initial owner of the Note A-5, the “Note A-4 Holder”), UBS AG (together with
its successors and assigns in interest, in its capacity as initial owner of the Note A-5, the “Note A-5 Holder”), UBS
AG (together with its successors and assigns in interest, in its capacity as initial owner of the Note A-6, the “Note A-6 Holder”),
UBS AG (together with its successors and assigns in interest, in its capacity as initial owner of the Note A-7, the “Note A-7
Holder”), UBS AG (together with its successors and assigns in interest, in its capacity as initial owner of the Note A-8, the
“Note A-8 Holder”), UBS AG (together with its successors and assigns in interest, in its capacity as initial owner
of the Note A-9, the “Note A-9 Holder”) and UBS AG (together with its successors and assigns in interest, in its capacity
as initial owner of the Note A-10, the “Note A-10 Holder” and, together with the Note A-1 Holder, Note A-2 Holder,
Note A-3 Holder, Note A-4 Holder, Note A-5 Holder, Note A-6 Holder, Note A-7 Holder, Note A-8 Holder and Note A-9 Holder, the “Note
Holders”).”

W I T N E S S E T H:

WHEREAS, pursuant to the
Mortgage Loan Agreement (as defined herein), UBS AG, New York Branch originated a certain loan (the “Mortgage Loan”)
described on the schedule attached hereto as Exhibit A (the “Mortgage Loan Schedule”) to the mortgage loan borrower
described on the Mortgage Loan Schedule (the “Mortgage Loan Borrower”), which was evidenced, inter alia, by
ten (10) promissory notes, each dated as of the respective dates set forth in Exhibit A hereto: (i) one promissory note designated Promissory
Note A-1 made by the Mortgage Loan Borrower in favor of UBS AG, New York Branch in the original principal amount of $20,000,000.00, (ii)
one promissory note designated Promissory Note A-2 made by the Mortgage Loan Borrower in favor of UBS AG, New York Branch in the original
principal amount of $20,000,000.00, (iii) one promissory note designated Promissory Note A-3 made by the Mortgage Loan Borrower in favor
of UBS AG, New York Branch in the original principal amount of $20,000,000.00, (iv) one promissory note designated Promissory Note A-4
made by the Mortgage Loan Borrower in favor of UBS AG, New York Branch in the original principal amount of $20,000,000.00, (v) one promissory
note designated Promissory Note A-5 made by the Mortgage Loan Borrower in favor of UBS AG, New York Branch in the original principal amount
of $15,000,000.00, (vi) one promissory note designated Promissory Note A-6 made by the Mortgage Loan Borrower in favor of UBS AG, New
York Branch in the original principal amount of $15,000,000.00, (vii) one promissory note designated Promissory Note A-7 made by the Mortgage
Loan Borrower in favor of UBS AG, New York Branch in the original principal amount of $12,000,000.00, (viii) one promissory note designated
Promissory Note A-8 made by the Mortgage Loan Borrower in favor of UBS AG, New York Branch in the original principal

    	 	  - 1 -	 

    

    

amount of $10,000,000.00, (ix) one promissory
note designated Promissory Note A-9 made by the Mortgage Loan Borrower in favor of UBS AG, New York Branch in the original principal amount
of $5,000,000.00 and (x) one promissory note designated Promissory Note A-10 made by the Mortgage Loan Borrower in favor of UBS AG, New
York Branch in the original principal amount of $5,000,000.00. The note referenced in clause (i) of the preceding sentence,
as amended, modified or supplemented, is referred to herein as “Note A-1”; the note referenced in clause (ii)
of the preceding sentence, as amended, modified or supplemented, is referred to herein as “Note A-2”; the note referenced
in clause (iii) of the preceding sentence, as amended, modified or supplemented, is referred to herein as “Note A-3”;
the note referenced in clause (iv) of the preceding sentence, as amended, modified or supplemented, is referred to herein
as “Note A-4”; the note referenced in clause (v) of the preceding sentence, as amended, modified or supplemented,
is referred to herein as “Note A-5”; the note referenced in clause (vi) of the preceding sentence, as amended,
modified or supplemented, is referred to herein as “Note A-6”; the note referenced in clause (vii) of the
preceding sentence, as amended, modified or supplemented, is referred to herein as “Note A-7”; the note referenced
in clause (viii) of the preceding sentence, as amended, modified or supplemented, is referred to herein as “Note
A-8”; the note referenced in clause (ix) of the preceding sentence, as amended, modified or supplemented, is referred
to herein as “Note A-9” and the note referenced in clause (x) of the preceding sentence, as amended, modified
or supplemented, is referred to herein as “Note A-10”. Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6,
Note A-7, Note A-8, Note A-9 and Note A-10 are collectively referred to herein as the “Notes”. The Notes are secured
by a first mortgage (as amended, modified or supplemented, the “Mortgage”) on certain real property located as described
on the Mortgage Loan Schedule (the “Mortgaged Property”);

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

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

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

Section 1.               
Definitions. References to a “Section” or the “recitals” are, unless otherwise specified, to a Section
or the recitals of this Agreement. Capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Lead
Securitization Servicing Agreement. Whenever used in this Agreement, the following terms shall have the respective meanings set forth
below unless the context clearly requires otherwise. Whenever a term is defined as having the meaning set forth in the Lead Securitization
Servicing Agreement, it shall be deemed to refer to the definition of such term (or if no such definition exists, the definition of any
term substantially similar thereto) as is set forth in the Lead Securitization Servicing Agreement.

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

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

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

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

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

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

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

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

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

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

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

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

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

“Commission”
shall have the meaning assigned to such term in Section 2(g)(viii).

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

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

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

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

“Controlling Note”
shall mean Note A-1.

“Controlling Note
Holder” shall mean the holder of the Controlling Note; provided that at any time the Controlling Note is included in
a Securitization, the rights of the “Controlling Note Holder” may be exercised by the holders of the majority of the class
of securities issued in the Lead Securitization designated as the “controlling class” or such other class(es) or party otherwise
assigned the rights to exercise the rights of the “Controlling Note Holder” hereunder, as and to the extent provided in the
Lead Securitization Servicing Agreement. If at any time 50% or more of the Controlling Note is held by the Mortgage Loan Borrower or a
Mortgage Borrower Related Party, the Controlling Note Holder (and such party assigned the rights to exercise the rights of the “Controlling
Note Holder” as described above) shall not be entitled to exercise any rights of the Controlling Note Holder and neither the Controlling
Note Holder nor any other person shall be entitled to exercise the rights of the Controlling Note Holder (and if the Controlling Note
is included in a Securitization the related Securitization Servicing Agreement may contain additional limitations on the rights of the
Controlling Note Holder that can be exercised by a certificateholder that is the Mortgage Loan Borrower or has certain relationships with
the Mortgage Loan Borrower).

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

“Custodian”
shall mean the custodian under the Lead Securitization Servicing Agreement.

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

“Depositor”
shall mean (i) with respect to the Note A-1 Securitization, the depositor under the Note A-1 PSA, (ii) with respect to the Note
A-2 Securitization, the depositor under the Note A-2 PSA, (iii) with respect to the Note A-3 Securitization, the depositor under
the Note A-3 PSA, (iv) with respect to the Note A-4 Securitization, the depositor under the Note A-4 PSA, (v) with respect to the
Note A-5 Securitization, the depositor under the Note A-5 PSA, (vi) with respect to the Note A-6 Securitization, the depositor under the
Note A-6 PSA, (vii) with respect to the Note A-7 Securitization, the depositor under the Note A-7 PSA, (viii) with respect to the Note
A-8 Securitization, the depositor under the Note A-8 PSA, (ix) with respect to the Note A-9 Securitization, the depositor under the Note
A-9 PSA, and (x) with respect to the Note A-10 Securitization, the depositor under the Note A-10 PSA.

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

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

“First Securitization”
shall mean the earliest to occur of the Note A-1 Securitization, the Note A-2 Securitization, the Note A-3 Securitization, the Note A-4
Securitization, the Note A-5 Securitization, the Note A-6 Securitization, the Note A-7 Securitization, the Note A-8 Securitization, the
Note A-9 Securitization and the Note A-10 Securitization.

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

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

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

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

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

“Lead Securitization”
shall mean (a) if the First Securitization is also the Note A-1 Securitization, such First Securitization and (b) if the First Securitization
is not also the Note A-1 Securitization, then (i) for the period from the closing date of the First Securitization until the Note A-1
Securitization Date, the First Securitization and (ii) on and after the Note A-1 Securitization Date, the Note A-1 Securitization.

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“Lead Securitization
Controlling Class Representative” shall mean the “Controlling Class Representative” as defined in the Lead Securitization
Servicing Agreement.

“Lead Securitization
Note” shall mean (a) during the period from and after the Securitization of any Note (other than Note A-1) but prior to the
Note A-1 Securitization Date, the Note to be contributed to the First Securitization; and (b) on and after the Note A-1 Securitization
Date, Note A-1.

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

“Lead Securitization
Servicing Agreement” shall mean, as of any date of determination, the pooling and servicing agreement that governs the Securitization
that is then the Lead Securitization; provided, that during any period that the Mortgage Loan is no longer subject to the provisions of
the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance
with the second paragraph of Section 2(a).

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

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

“Master Servicer”
shall mean the master servicer related to the Mortgage Loan under the Lead Securitization Servicing Agreement.

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

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

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

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

“Mortgage Loan Agreement”
shall mean the Loan Agreement, dated as of May 8, 2022, between UBS AG, New York Branch, as lender, and the Mortgage Loan Borrower, as
the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

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

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

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

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

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

“New Notes”
shall have the meaning assigned to such term in Section 33.

“Non-Controlling
Note” means Note A-2, Note A-3, Note A-4, Note A-5, Note A-6, Note A-7, Note A-8, Note A-9, Note A-10 and any New Note designated
as a “Non-Controlling Note” hereunder pursuant to Section 33.

“Non-Controlling
Note Holder” means any holder of a Non-Controlling Note; provided that at any time such holder’s respective Note
is included in a Securitization, the consultation and other rights of the “Non-Controlling Note Holder” herein may be exercised
by the directing certificateholder under the Non-Lead Securitization Servicing Agreement or any other party assigned the rights to exercise
the rights of a “Non-Controlling Note Holder” hereunder as and to the extent provided in the related Non-Lead Securitization
Servicing Agreement and as to the identity of which the Lead Securitization Note Holder (and the Master Servicer and the Special Servicer)
has been given written notice. If at any time 50% or more of a Non-Controlling Note is held by (or the majority “controlling class”
holder or other party assigned the rights to exercise the rights of such “Non-Controlling Note Holder” (as described above)
is) the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, such Non-Controlling Note Holder shall not be entitled to
exercise any rights of the Non-Controlling Note Holder and neither any Non-Controlling Note Holder nor any other person shall be entitled
to exercise the rights of such Non-Controlling Note Holder.

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

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

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

“Non-Lead Certificate
Administrator” shall mean the “certificate administrator” under any Non-Lead Securitization Servicing Agreement.

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

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

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

“Non-Lead Securitization”
shall mean, (i) on and after the Note A-1 Securitization Date, the Note A-2 Securitization, the Note A-3 Securitization, the Note A-4
Securitization, the Note A-5 Securitization, the Note A-6 Securitization, the Note A-7 Securitization, the Note A-8 Securitization, the
Note A-9 Securitization and the Note A-10 Securitization and (ii) prior to the Note A-1 Securitization Date, any Securitization other
than the First Securitization.

“Non-Lead Securitization
Determination Date” shall mean the “determination date” (or any term substantially similar thereto) as defined in
the related Non-Lead Securitization Servicing Agreement.

“Non-Lead Securitization
Note” shall mean any Note included in a Non-Lead Securitization.

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

“Non-Lead Securitization
Servicing Agreement” shall mean the servicing agreement for the related Non-Lead Securitization.

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

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

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

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

“Note A-1 Holder”
shall mean the Note A-1 Holder identified in the preamble to this Agreement or any subsequent holder of Note A-1, as applicable.

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

“Note A-1 Principal
Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the “Promissory Note A-1 Principal
Balance” set forth on the

    	 	  - 8 -	 

    

    

Mortgage Loan Schedule, less any payments of
principal thereon received by the Note A-1 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

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

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

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

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

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

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

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

“Note A-2 Holder”
shall mean the Note A-2 Holder identified in the preamble to this Agreement or any subsequent holder of Note A-2, as applicable.

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

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

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

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

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

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

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

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

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

“Note A-3 Holder”
shall mean the Note A-3 Holder identified in the preamble to this Agreement or any subsequent holder of Note A-3, as applicable.

“Note A-3 Master
Servicer” shall mean the master servicer under the Note A-3 PSA.

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

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

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

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

“Note A-3 Special
Servicer” shall mean the special servicer under the Note A-3 PSA.

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

“Note A-3 Trust
Fund” shall mean the trust formed pursuant to the Note A-3 PSA.

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

“Note A-4 Holder”
shall mean the Note A-4 Holder identified in the preamble to this Agreement or any subsequent holder of Note A-4, as applicable.

“Note A-4 Master
Servicer” shall mean the master servicer under the Note A-4 PSA.

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

    	 	  - 10 -	 

    

    

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

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

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

“Note A-4 Special
Servicer” shall mean the special servicer under the Note A-4 PSA.

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

“Note A-4 Trust
Fund” shall mean the trust formed pursuant to the Note A-4 PSA.

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

“Note A-5 Holder”
shall mean the Note A-5 Holder identified in the preamble to this Agreement or any subsequent holder of Note A-5, as applicable.

“Note A-5 Master
Servicer” shall mean the master servicer under the Note A-5 PSA.

“Note A-5 Principal
Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the “Promissory Note A-5 Principal
Balance” set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-5 Holder or reductions
in such amount pursuant to Section 3 or 4, as applicable.

“Note A-5 PSA”
shall mean the pooling and servicing agreement entered into in connection with the Note A-5 Securitization.

“Note A-5 Securitization”
shall mean the first sale by the Note A-5 Holder of all or a portion of Note A-5 to a depositor who will in turn include such portion
of Note A-5 as part of the securitization of one or more mortgage loans.

“Note A-5 Securitization
Date” shall mean the closing date of the Note A-5 Securitization.

“Note A-5 Special
Servicer” shall mean the special servicer under the Note A-5 PSA.

“Note A-5 Trustee”
shall mean the trustee under the Note A-5 PSA.

“Note A-5 Trust
Fund” shall mean the trust formed pursuant to the Note A-5 PSA.

    	 	  - 11 -	 

    

    

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

“Note A-6 Holder”
shall mean the Note A-6 Holder identified in the preamble to this Agreement or any subsequent holder of Note A-6, as applicable.

“Note A-6 Master
Servicer” shall mean the master servicer under the Note A-6 PSA.

“Note A-6 Principal
Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the “Promissory Note A-6 Principal
Balance” set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-6 Holder or reductions
in such amount pursuant to Section 3 or 4, as applicable.

“Note A-6 PSA”
shall mean the pooling and servicing agreement entered into in connection with the Note A-6 Securitization.

“Note A-6 Securitization”
shall mean the first sale by the Note A-6 Holder of all or a portion of Note A-6 to a depositor who will in turn include such portion
of Note A-6 as part of the securitization of one or more mortgage loans.

“Note A-6 Securitization
Date” shall mean the closing date of the Note A-6 Securitization.

“Note A-6 Special
Servicer” shall mean the special servicer under the Note A-6 PSA.

“Note A-6 Trustee”
shall mean the trustee under the Note A-6 PSA.

“Note A-6 Trust
Fund” shall mean the trust formed pursuant to the Note A-6 PSA.

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

“Note A-7 Holder”
shall mean the Note A-7 Holder identified in the preamble to this Agreement or any subsequent holder of Note A-7, as applicable.

“Note A-7 Master
Servicer” shall mean the master servicer under the Note A-7 PSA.

“Note A-7 Principal
Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the “Promissory Note A-7 Principal
Balance” set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-7 Holder or reductions
in such amount pursuant to Section 3 or 4, as applicable.

“Note A-7 PSA”
shall mean the pooling and servicing agreement entered into in connection with the Note A-7 Securitization.

    	 	  - 12 -	 

    

    

“Note A-7 Securitization”
shall mean the first sale by the Note A-7 Holder of all or a portion of Note A-7 to a depositor who will in turn include such portion
of Note A-7 as part of the securitization of one or more mortgage loans.

“Note A-7 Securitization
Date” shall mean the closing date of the Note A-7 Securitization.

“Note A-7 Special
Servicer” shall mean the special servicer under the Note A-7 PSA.

“Note A-7 Trustee”
shall mean the trustee under the Note A-7 PSA.

“Note A-7 Trust
Fund” shall mean the trust formed pursuant to the Note A-7 PSA.

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

“Note A-8 Holder”
shall mean the Note A-8 Holder identified in the preamble to this Agreement or any subsequent holder of Note A-8, as applicable.

“Note A-8 Master
Servicer” shall mean the master servicer under the Note A-8 PSA.

“Note A-8 Principal
Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the “Promissory Note A-8 Principal
Balance” set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-8 Holder or reductions
in such amount pursuant to Section 3 or 4, as applicable.

“Note A-8 PSA”
shall mean the pooling and servicing agreement entered into in connection with the Note A-8 Securitization.

“Note A-8 Securitization”
shall mean the first sale by the Note A-8 Holder of all or a portion of Note A-8 to a depositor who will in turn include such portion
of Note A-8 as part of the securitization of one or more mortgage loans.

“Note A-8 Securitization
Date” shall mean the closing date of the Note A-8 Securitization.

“Note A-8 Special
Servicer” shall mean the special servicer under the Note A-8 PSA.

“Note A-8 Trustee”
shall mean the trustee under the Note A-8 PSA.

“Note A-8 Trust
Fund” shall mean the trust formed pursuant to the Note A-8 PSA.

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

    	 	  - 13 -	 

    

    

“Note A-9 Holder”
shall mean the Note A-9 Holder identified in the preamble to this Agreement or any subsequent holder of Note A-9, as applicable.

“Note A-9 Master
Servicer” shall mean the master servicer under the Note A-9 PSA.

“Note A-9 Principal
Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the “Promissory Note A-9 Principal
Balance” set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-9 Holder or reductions
in such amount pursuant to Section 3 or 4, as applicable.

“Note A-9 PSA”
shall mean the pooling and servicing agreement entered into in connection with the Note A-9 Securitization.

“Note A-9 Securitization”
shall mean the first sale by the Note A-9 Holder of all or a portion of Note A-9 to a depositor who will in turn include such portion
of Note A-9 as part of the securitization of one or more mortgage loans.

“Note A-9 Securitization
Date” shall mean the closing date of the Note A-9 Securitization.

“Note A-9 Special
Servicer” shall mean the special servicer under the Note A-9 PSA.

“Note A-9 Trustee”
shall mean the trustee under the Note A-9 PSA.

“Note A-9 Trust
Fund” shall mean the trust formed pursuant to the Note A-9 PSA.

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

“Note A-10 Holder”
shall mean the Note A-10 Holder identified in the preamble to this Agreement or any subsequent holder of Note A-10, as applicable.

“Note A-10 Master
Servicer” shall mean the master servicer under the Note A-10 PSA.

“Note A-10 Principal
Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the “Promissory Note A-10 Principal
Balance” set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-10 Holder or reductions
in such amount pursuant to Section 3 or 4, as applicable.

“Note A-10 PSA”
shall mean the pooling and servicing agreement entered into in connection with the Note A-10 Securitization.

“Note A-10 Securitization”
shall mean the first sale by the Note A-10 Holder of all or a portion of Note A-10 to a depositor who will in turn include such portion
of Note A-10 as part of the securitization of one or more mortgage loans.

    	 	  - 14 -	 

    

    

“Note A-10 Securitization
Date” shall mean the closing date of the Note A-10 Securitization.

“Note A-10 Special
Servicer” shall mean the special servicer under the Note A-10 PSA.

“Note A-10 Trustee”
shall mean the trustee under the Note A-10 PSA.

“Note A-10 Trust
Fund” shall mean the trust formed pursuant to the Note A-10 PSA.

“Note Holder Representative”
shall mean a Controlling Note Holder Representative or a Non-Controlling Note Holder Representative, as applicable (including any Lead
Securitization Controlling Class Representative and any “directing certificateholder”, “controlling class representative”
or similar person acting pursuant to a Securitization Servicing Agreement on behalf of the Controlling Note Holder or the Non-Controlling
Note Holder, as the case may be).

“Note Holders”
shall mean collectively, the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, Note A-5 Holder, Note A-6
Holder, Note A-7 Holder, Note A-8 Holder, Note A-9 Holder and the Note A-10 Holder.

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

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

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

“Operating Advisor”
shall mean the trust advisor, operating advisor or other analogous term appointed as provided in the Lead Securitization Servicing Agreement.

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

“Percentage Interest”
shall mean, (a) with respect to the Note A-1 Holder, a fraction, expressed as a percentage, the numerator of which is the Note A-1
Principal Balance and the denominator of which is the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note
A-3 Principal Balance, the Note A-4 Principal Balance, the Note A-5 Principal Balance, the Note A-6 Principal Balance, the Note A-7 Principal
Balance, the Note A-8 Principal Balance, the Note A-9 Principal Balance and the Note A-10 Principal Balance, (b) with respect to
the Note A-2 Holder, a fraction, expressed as a percentage, the numerator of which is the Note A-2 Principal Balance and the denominator
of which is the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal Balance, the Note A-4
Principal Balance, the Note A-5 Principal Balance, the Note A-6 Principal Balance, the Note A-7 Principal Balance, the Note A-8 Principal
Balance, the Note A-9 Principal Balance and the Note A-10 Principal Balance, (c) with respect to the Note A-3 Holder, a fraction, expressed
as a percentage, the numerator of which is the Note A-3 Principal Balance and the denominator of

    	 	  - 15 -	 

    

    

which is the sum of the Note A-1 Principal
Balance, the Note A-2 Principal Balance, the Note A-3 Principal Balance, the Note A-4 Principal Balance, the Note A-5 Principal Balance,
the Note A-6 Principal Balance, the Note A-7 Principal Balance, the Note A-8 Principal Balance, the Note A-9 Principal Balance and the
Note A-10 Principal Balance, (d) with respect to the Note A-4 Holder, a fraction, expressed as a percentage, the numerator of which
is the Note A-4 Principal Balance and the denominator of which is the sum of the Note A-1 Principal Balance, the Note A-2 Principal
Balance, the Note A-3 Principal Balance, the Note A-4 Principal Balance, the Note A-5 Principal Balance, the Note A-6 Principal Balance,
the Note A-7 Principal Balance, the Note A-8 Principal Balance, the Note A-9 Principal Balance and the Note A-10 Principal Balance, (e) with
respect to the Note A-5 Holder, a fraction, expressed as a percentage, the numerator of which is the Note A-5 Principal Balance and the
denominator of which is the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal Balance,
the Note A-4 Principal Balance, the Note A-5 Principal Balance, the Note A-6 Principal Balance, the Note A-7 Principal Balance, the Note
A-8 Principal Balance, the Note A-9 Principal Balance and the Note A-10 Principal Balance, (f) with respect to the Note A-6 Holder, a
fraction, expressed as a percentage, the numerator of which is the Note A-6 Principal Balance and the denominator of which is the sum
of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal Balance, the Note A-4 Principal Balance,
the Note A-5 Principal Balance, the Note A-6 Principal Balance, the Note A-7 Principal Balance, the Note A-8 Principal Balance, the Note
A-9 Principal Balance and the Note A-10 Principal Balance, (g) with respect to the Note A-7 Holder, a fraction, expressed as a percentage,
the numerator of which is the Note A-7 Principal Balance and the denominator of which is the sum of the Note A-1 Principal Balance, the
Note A-2 Principal Balance, the Note A-3 Principal Balance, the Note A-4 Principal Balance, the Note A-5 Principal Balance, the Note
A-6 Principal Balance, the Note A-7 Principal Balance, the Note A-8 Principal Balance, the Note A-9 Principal Balance and the Note A-10
Principal Balance, (h) with respect to the Note A-8 Holder, a fraction, expressed as a percentage, the numerator of which is the Note
A-8 Principal Balance and the denominator of which is the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the
Note A-3 Principal Balance, the Note A-4 Principal Balance, the Note A-5 Principal Balance, the Note A-6 Principal Balance, the Note A-7
Principal Balance, the Note A-8 Principal Balance, the Note A-9 Principal Balance and the Note A-10 Principal Balance, (i) with respect
to the Note A-9 Holder, a fraction, expressed as a percentage, the numerator of which is the Note A-9 Principal Balance and the denominator
of which is the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal Balance, the Note A-4
Principal Balance, the Note A-5 Principal Balance, the Note A-6 Principal Balance, the Note A-7 Principal Balance, the Note A-8 Principal
Balance, the Note A-9 Principal Balance and the Note A-10 Principal Balance and (j) with respect to the Note A-10 Holder, a fraction,
expressed as a percentage, the numerator of which is the Note A-10 Principal Balance and the denominator of which is the sum of the Note
A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal Balance, the Note A-4 Principal Balance, the Note A-5
Principal Balance, the Note A-6 Principal Balance, the Note A-7 Principal Balance, the Note A-8 Principal Balance, the Note A-9 Principal
Balance and the Note A-10 Principal Balance.

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

    	 	  - 16 -	 

    

    

$250,000,000 and (iii) not subject to
a proceeding relating to the bankruptcy, insolvency, reorganization or relief of debtors.

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

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

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

“Qualified Institutional
Lender” shall mean UBS AG and any other U.S. Person that is:

(a)              
an entity Controlled by, under common Control with or that Controls UBS AG, or

(b)              
the trustee on behalf of the trust certificates issued pursuant to a master trust agreement involving a CLO comprised of, or other
securitization vehicle involving, assets deposited or transferred by a Note Holder and/or one or more Affiliates (whether with assets
from others or not), provided that the securities issued in connection with such CLO or other securitization vehicle are rated
by each of the Rating Agencies that assigned a rating to one or more classes of securities issued in connection with the Lead Securitization,
or

(c)              
one or more of the following:

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

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

(iii)               a Qualified Trustee in connection with (a) a securitization of, (b) the creation of collateralized loan obligations (“CLO”),
or (c) a financing through an “owner trust” of, a Note or any interest therein (any of the foregoing, a “Securitization
Vehicle”), provided that (1) one or more classes of securities

    	 	  - 17 -	 

    

    

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

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

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

in the case of any entity referred to
in clause (c)(i), (ii), (iii), (iv)(B) or (v) of this definition, (x) such entity has at
least $200,000,000 in capital/statutory surplus or shareholders’ equity (except with respect to a pension advisory firm or similar
fiduciary) and at least $600,000,000 in total assets (in name or under management), and (y) is regularly engaged in the business
of making or owning commercial real estate loans (or interests therein) similar to the Mortgage Loan (or mezzanine loans with respect
thereto) or owning or operating commercial real estate properties; provided that, in the case of the entity described in clause (iv)(B)
above, the requirements of this clause (y) may be satisfied by a general partner, managing member, or the fund manager responsible
for the day-to-day management and operation of such entity; or

(d)              
any entity Controlled by any of the entities described in clause (c)(i), (ii), (iv)(B) or (v) above
or that is the subject of a Rating Agency Confirmation as a Qualified

    	 	  - 18 -	 

    

    

Institutional Lender for purposes of
this Agreement from each of the Rating Agencies engaged by the Depositor and any Non-Lead Depositor to rate the securities issued by the
related Securitization Trust.

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

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

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

“Rating Agency Confirmation”
shall mean, with respect to any Securitization, a confirmation in writing by each of the applicable Rating Agencies for such Securitization
that the occurrence of the event with respect to which such Rating Agency Confirmation is sought shall not result in a downgrade, qualification
or withdrawal of the applicable rating or ratings ascribed by such Rating Agency to any of the securities issued pursuant to such Securitization
that are then outstanding. If no such securities are outstanding with respect to any Securitization, any action that would otherwise require
a Rating Agency Confirmation shall instead require the consent of the Lead Securitization Note Holder, which consent shall not be unreasonably
withheld or delayed. For the purposes of this Agreement, if any Rating Agency shall waive, decline or refuse to review or otherwise engage
any request for Rating Agency Confirmation hereunder, such waiver, declination, or refusal shall be deemed to eliminate, for such request
only, the condition that a Rating Agency Confirmation by such Rating Agency (only) be obtained for purposes of this Agreement. For purposes
of clarity, any such waiver, declination or refusal to review or otherwise engage in any request for a Rating Agency Confirmation hereunder
shall not be deemed a waiver, declination or refusal to review or otherwise engage in any subsequent request for a Rating Agency Confirmation
hereunder and the condition for Rating Agency Confirmation pursuant to this Agreement for any subsequent request shall apply

    	 	  - 19 -	 

    

    

regardless of any previous waiver, declination
or refusal to review or otherwise engage in such prior request.

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

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

“REMIC”
shall mean a real estate mortgage investment conduit within the meaning 860D(a) of the Code.

“REMIC Provisions”
shall mean provisions of the federal income tax law relating to real estate mortgage investment conduits, which appear at Sections 860A
through 860G of subchapter M of Chapter 1 of the Code, and related provisions, and regulations (including any applicable proposed regulations)
and rulings promulgated thereunder, as the foregoing may be in effect from time to time.

“REO Property”
shall have the meaning assigned to the term “REO Property” or such other analogous term used in the Lead Securitization Servicing
Agreement.

“Required Special
Servicer Rating” shall mean with respect to a special servicer (i) in the case of Fitch, a rating of “CSS3” or better,
(ii) in the case of S&P, such special servicer is on S&P’s Select Servicer List as a U.S. Commercial Mortgage Special Servicer,
(iii) in the case of Moody’s, such special servicer is acting as special servicer for one or more loans included in a commercial
mortgage loan securitization that was rated by Moody’s within the twelve (12) month period prior to the date of determination, and
Moody’s has not downgraded or withdrawn the then-current rating on any class of commercial mortgage securities or placed any class
of commercial mortgage securities on watch citing the continuation of such special servicer as special servicer of such commercial mortgage
loans, (iv) in the case of KBRA, KBRA has not cited servicing concerns of such special servicer as the sole or material factor in any
qualification, downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation of a ratings downgrade
or withdrawal) of securities in a transaction serviced by such special servicer prior to the time of determination, and (v) in the case
of DBRS Morningstar, either a commercial mortgage servicer or special servicer (a) that has a current ranking from DBRS Morningstar of
at least MORS3, or (b) if not rated by DBRS Morningstar, that is currently acting as servicer or special servicer, as applicable, for
a commercial mortgage-backed securities transaction rated by DBRS Morningstar and as to which DBRS Morningstar has not cited servicing
concerns with respect to such servicer as the sole or material factor in any qualification, downgrade or withdrawal of the ratings (or
placement on “watch status” in contemplation of a ratings downgrade or withdrawal, which placement on “watch status”
has not been withdrawn within 60 days without any ratings downgrade or withdrawal) of securities in

    	 	  - 20 -	 

    

    

such commercial mortgage-backed securities
transaction serviced by the applicable servicer prior to the time of determination.

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

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

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

“Securitization”
shall mean the Note A-1 Securitization, the Note A-2 Securitization, the Note A-3 Securitization, the Note A-4 Securitization, the
Note A-5 Securitization, the Note A-6 Securitization, the Note A-7 Securitization, the Note A-8 Securitization, the Note A-9 Securitization
and the Note A-10 Securitization, as applicable.

“Securitization
Date” shall mean the effective date on which the Securitization of the first Note or any portion thereof is consummated.

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

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

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

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

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

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

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

    	 	  - 21 -	 

    

    

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

“Special Servicer”
shall mean the special servicer or excluded mortgage loan special servicer, as applicable, appointed as provided in the Lead Securitization
Servicing Agreement.

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

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

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

“UBS AG, New York
Branch” shall have the meaning assigned to such term in the preamble to this Agreement.

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

Section 2.               
Servicing of the Mortgage Loan.

(a)              
Each Note Holder acknowledges and agrees that, subject in each case to this Agreement, the Mortgage Loan shall be serviced by the
Master Servicer and the Special Servicer pursuant to the terms of this Agreement and the Lead Securitization Servicing Agreement; provided
that the Master Servicer shall not be obligated to advance monthly payments of principal or interest in respect of any Note other than
the Lead Securitization Note if such principal or interest is not paid by the Mortgage Loan Borrower but shall be obligated to advance
delinquent real estate taxes, insurance premiums and other expenses related to the maintenance of the Mortgaged Property and maintenance
and enforcement of the lien of the Mortgage thereon, subject to the terms of the Lead Securitization Servicing Agreement. Each Note Holder
acknowledges that any other Note Holder may elect, in its sole discretion, to include its Note in a Securitization and agrees that it
will, subject to Section 27, reasonably cooperate with such other Note Holder, at such other Note Holder’s expense,
to effect such Securitization. Subject to the terms and conditions of this Agreement, each Note Holder hereby irrevocably and unconditionally
consents to the appointment of the Master Servicer and the Trustee under the Lead Securitization Servicing Agreement by the Depositor
and the appointment of the Special

    	 	  - 22 -	 

    

    

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

At any time that the Mortgage
Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the Note Holders agree to cause the Mortgage
Loan to be serviced by one or more servicers, each of which has been agreed upon by the Note Holders, pursuant to a servicing agreement
that has servicing terms substantially similar to the Lead Securitization Servicing Agreement and all references herein to the “Lead
Securitization Servicing Agreement” shall mean such subsequent servicing agreement; provided, the Notes that constituted
the Lead Securitization Note shall continue to be considered as the Lead Securitization Note; provided, however, that unless otherwise
agreed to by the holder of the Lead Securitization Note, the master servicer under such subsequent servicing agreement shall not be required
to make any P&I Advance in respect of such Note; provided, further, however, that if a Non-Lead Securitization Note
is in a Securitization and the servicer(s) to be appointed under such replacement servicing agreement would not otherwise meet the conditions
to be a servicer under the Lead Securitization Servicing Agreement that is being replaced, then a Rating Agency Confirmation shall have
been obtained from each Rating Agency with respect to the securities issued in connection with such Securitization for such Non-Lead Securitization
Note; provided, further, that until a replacement servicing agreement has been entered into, the Lead Securitization Note
Holder shall cause the Mortgage Loan to be serviced pursuant to the provisions of the Lead Securitization Servicing Agreement (excluding,
however, any obligation to make any P&I Advances in respect of the Lead Securitization Note except as specifically agreed to by the
Servicer, and provided that the Servicer’s right to reimbursement for Property Advances as set forth in Section 2(b) shall remain
in effect), as if such agreement were still in full force and effect with respect to the Mortgage Loan, by the applicable Servicer in
the Lead Securitization or by any Person appointed by the Lead Securitization Note Holder that is an Approved Servicer. The Note Holders
acknowledge that at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement,
the Master

    	 	  - 23 -	 

    

    

Servicer shall have no further obligation to
make P&I Advances with respect to the Mortgage Loan.

(b)              
The Master Servicer shall be the lead master servicer on the Mortgage Loan, and from time to time it (or the Trustee to the extent
provided in the Lead Securitization Servicing Agreement) shall make the following advances, subject to the terms of the Lead Securitization
Servicing Agreement and this Agreement: (i) Servicing Advances on the Mortgage Loan and (ii) P&I Advances on the Lead Securitization
Note. The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled to reimbursement for a Servicing Advance,
first, from funds on deposit in the Collection Account (as defined in the Lead Securitization Servicing Agreement) and/or the related
Serviced Companion Loan Custodial Account (as defined in the Lead Securitization Servicing Agreement) for the Mortgage Loan that (in any
case) represent amounts received on or in respect of the Mortgage Loan, and then, in the case of Servicing Advances that are Nonrecoverable
Advances, if such funds on deposit in the Collection Account and the related Serviced Companion Loan Custodial Account are insufficient,
from general collections of the Lead Securitization as provided in the Lead Securitization Servicing Agreement. The Master Servicer, the
Special Servicer and the Trustee, as applicable, shall be entitled to reimbursement for Advance Interest on a Servicing Advance (including
any Nonrecoverable Advance) in the manner and from the sources provided in the Lead Securitization Servicing Agreement, including from
general collections of the Lead Securitization. Notwithstanding the foregoing, to the extent the Master Servicer, the Special Servicer
or the Trustee, as applicable, obtains funds from general collections of the Lead Securitization as a reimbursement for a Servicing Advance
that is a Nonrecoverable Advance or any Advance Interest on a Servicing Advance (including any Nonrecoverable Advance), each Non-Lead
Securitization Note Holder (including any Securitization Trust into which such Non-Lead Securitization Note is deposited) shall be
required to, promptly following notice from the Master Servicer, reimburse the Lead Securitization for its pro rata share of such
Nonrecoverable Advance or Advance Interest.

In addition, any Non-Lead
Securitization Note Holder (including, but not limited to, any Securitization Trust into which such Non-Lead Securitization Note is deposited)
shall be required to, promptly following notice from the Master Servicer or the Special Servicer, pay or reimburse the Lead Securitization
for such Non-Lead Securitization Note Holder’s pro rata share of any fees, costs or expenses incurred in connection with
the servicing and administration of the Mortgage Loan as to which the Master Servicer, the Special Servicer, the Certificate Administrator,
the Trustee, the Operating Advisor, the Depositor or CREFC®, as applicable, is entitled to be reimbursed pursuant to the
Lead Securitization Servicing Agreement, including any fees, costs or expenses relating to obtaining a Rating Agency Confirmation, to
the extent amounts on deposit in the related Serviced Companion Loan Custodial Account are insufficient for reimbursement of such amounts.
Each Non-Lead Securitization Note Holder agrees to indemnify (as and to the same extent the Lead Securitization Trust is required to indemnify
each of the following parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the terms of the Lead Securitization
Servicing Agreement) each of the Depositor under the Lead Securitization Servicing Agreement, the Master Servicer, the Special Servicer,
the Certificate Administrator, the Trustee and the Operating Advisor (and any director, officer, member, manager, employee or agent of
any of the foregoing, to the extent such parties are identified as indemnified parties in the Lead Securitization Servicing Agreement
in respect of

    	 	  - 24 -	 

    

    

other mortgage loans) (the “Indemnified
Parties”) against any claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any other costs,
liabilities, fees and expenses incurred in connection with the servicing and administration of the Mortgage Loan and the Mortgaged Property
(or, with respect to the Operating Advisor, incurred in connection with the provision of services for the Mortgage Loan) under the Lead
Securitization Servicing Agreement (collectively, the “Indemnified Items”) to the extent of its pro rata share
of such Indemnified Items, and to the extent amounts on deposit in the related Serviced Companion Loan Custodial Account are insufficient
for reimbursement of such amounts, each Non-Lead Securitization Note Holder shall be required to, promptly following notice from the Master
Servicer, the Special Servicer or the Trustee, reimburse each of the applicable Indemnified Parties for its pro rata share of the
insufficiency; provided, that a Non-Lead Securitization Note Holder’s duty to pay Indemnified Items to the Operating Advisor
shall be subject to any limitations and conditions (including limitations and conditions with respect to the timing of such payments and
the sources of funds for such payments) as may be set forth from time to time in a Non-Lead Securitization Servicing Agreement with respect
to the Non-Lead Operating Advisor.

Any Non-Lead Master Servicer
(or Non-Lead Trustee (if not made by such Non-Lead Master Servicer)) may be required to make P&I Advances on the respective Non-Lead
Securitization Note, from time to time, subject to the terms of the related Non-Lead Securitization Servicing Agreement, the Lead Securitization
Servicing Agreement and this Agreement. The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled to
make their own recoverability determination with respect to a P&I Advance to be made on the Lead Securitization Note based on the
information that they have on hand and in accordance with the Lead Securitization Servicing Agreement. Any Non-Lead Master Servicer, Non-Lead
Special Servicer or Non-Lead Trustee under any Non-Lead Securitization Servicing Agreement, as applicable, shall each be entitled to make
its own recoverability determination with respect to a P&I Advance to be made on the related Non-Lead Securitization Note based on
the information that they have on hand and in accordance with the related Non-Lead Securitization Servicing Agreement. The Master Servicer
and the Trustee, as applicable, and any Non-Lead Master Servicer or Non-Lead Trustee, as applicable, shall each be required to notify
the other of the amount of its P&I Advance within two (2) Business Days of making such advance. If the Master Servicer, the Special
Servicer or the Trustee, as applicable (with respect to the Lead Securitization Note) or a Non-Lead Master Servicer, Non-Lead Special
Servicer or Non-Lead Trustee, as applicable (with respect to a Non-Lead Securitization Note), determines that a proposed P&I Advance,
if made, would be non-recoverable or an outstanding P&I Advance is or would be non-recoverable, or if the Master Servicer, the Special
Servicer or the Trustee, as applicable, subsequently determines that a proposed Servicing Advance would be non-recoverable or an outstanding
Servicing Advance is or would be non-recoverable, then the Master Servicer or the Trustee (as provided in the Lead Securitization Servicing
Agreement, in the case of a determination of non-recoverability by the Master Servicer, the Special Servicer or the Trustee) or such Non-Lead
Master Servicer or Non-Lead Trustee (as provided in the related Non-Lead Securitization Servicing Agreement, in the case of the a determination
of non-recoverability by a Non-Lead Master Servicer, a Non-Lead Special Servicer or a Non-Lead Trustee) shall notify the Master Servicer
and the Trustee, or the related Non-Lead Master Servicer and the related Non-Lead Trustee, as the case may be, of such other Securitization
within two (2) Business Days of making such determination. Each of the Master Servicer and

    	 	  - 25 -	 

    

    

the Trustee, any Non-Lead Master Servicer and
any Non-Lead Trustee, as applicable, shall only be entitled to reimbursement for a P&I Advance and Advance Interest thereon that becomes
non-recoverable first, from the related Serviced Companion Loan Custodial Account from amounts allocable to the Note for which
such P&I Advance was made, and then, if such funds are insufficient, (i) in the case of the Lead Securitization Note,
from general collections of the Lead Securitization Trust, pursuant to the terms of the Lead Securitization Servicing Agreement and (ii) in
the case of a Non-Lead Securitization Note, from general collections of the related Securitization Trust, as and to the extent provided
in the related Non-Lead Securitization Servicing Agreement.

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

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

    	 	  - 26 -	 

    

    

(ii)              
 each of the Indemnified Parties shall be indemnified (as and to the same extent the Lead Securitization Trust is required to indemnify
each of such Indemnified Parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the terms of Lead Securitization
Servicing Agreement) by the Securitization Trust holding such Non-Lead Securitization Note, against any of the Indemnified Items to the
extent of its pro rata share of such Indemnified Items, and to the extent amounts on deposit in the related Serviced Companion
Loan Custodial Account are insufficient for reimbursement of such amounts, the related Non-Lead Master Servicer will be required to reimburse
each of the applicable Indemnified Parties for its pro rata share of the insufficiency out of general collections in the collection
account (or equivalent account) established under such Non-Lead Securitization Servicing Agreement; provided, that a Non-Lead Securitization
Servicing Agreement shall be deemed to include the same limitations and conditions on the payment or reimbursement of Indemnified Items
to the Operating Advisor (including limitations and conditions with respect to the timing of such payments or reimbursements and the sources
of funds for such payments or reimbursements) as may be set forth from time to time in the Non-Lead Securitization Servicing Agreement
with respect to the Non-Lead Operating Advisor;

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

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

(d)              
Following the Securitization of one Note, but prior to the Securitization of any other particular Note (including any New Note),
all notices, reports, information or other deliverables required to be delivered to a Note Holder pursuant to this Agreement or the Lead
Securitization Servicing Agreement by the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its
behalf) only need to be delivered to the related Note Holder (or its Note Holder Representative) and, when so delivered to such Note Holder
(or Note Holder Representative, as applicable), the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting
on its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items hereunder or under the Lead Securitization
Servicing Agreement. Following the Securitization of any Note (including any New Note), as applicable, all notices, reports, information
or other deliverables required to be delivered to a

    	 	  - 27 -	 

    

    

Note Holder pursuant to this Agreement or the
Lead Securitization Servicing Agreement by the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting
on its behalf) shall be delivered to the master servicer and the special servicer with respect to such Securitization (who then may forward
such items to the party entitled to receive such items as and to the extent provided in the related Securitization Servicing Agreement
or with respect to a Note that has not been securitized, the related Note Holder) and, when so delivered to such master servicer and the
special servicer, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall be deemed
to have satisfied its delivery obligations with respect to such items hereunder or under the Lead Securitization Servicing Agreement;
provided, however, that all items that relate to a Non-Lead Depositor’s compliance with any applicable securities laws shall
also be delivered to such Non-Lead Depositor.

(e)              
In addition to the foregoing, each Securitization Servicing Agreement shall contain terms and conditions that are customary for
securitization transactions involving assets similar to the Mortgage Loan and that are otherwise (i) required by the Code relating
to the tax elections of the trust fund formed pursuant to such Securitization Servicing Agreement, (ii) required by law or changes
in any law, rule or regulation or (iii) requested by the Rating Agencies rating the related Securitization. Each Non-Lead Securitization
Note Holder shall have the right to designate the Non-Lead Master Servicer and Non-Lead Special Servicer with respect to the Securitization
related to its Note, as long as each such Servicer satisfies the conditions to be the master servicer or special servicer, as applicable,
set forth in the Lead Securitization Servicing Agreement. Without limiting the generality of any provision set forth above, for purposes
of the Mortgage Loan, each Securitization Servicing Agreement shall contain provisions substantially similar in all material respects
to or materially consistent with those set forth in the pooling and servicing agreement for the Lead Securitization with respect to indemnification
of the Depositor, Master Servicer, Special Servicer, Certificate Administrator, Trustee and Operating Advisor under the Lead Securitization
Servicing Agreement (and any director, officer, employee or agent of any of the foregoing, to the extent such parties are identified as
indemnified parties in the Lead Securitization Servicing Agreement in respect of other mortgage loans) against any claims, losses, penalties,
fines, forfeitures, legal fees and related costs, judgments and any other costs, liabilities, fees and expenses incurred in connection
with servicing and administration of the Mortgage Loan (or, with respect to the related operating advisor, incurred in connection with
the provision of services for the Mortgage Loan) to the same extent that the Indemnified Parties are indemnified under the Lead Securitization
Servicing Agreement against the Indemnified Items.

(f)               
The Lead Securitization Note Holder shall cause the Lead Securitization Servicing Agreement to contain provisions requiring the
Master Servicer or the Special Servicer, as applicable, to deliver to any Non-Lead Master Servicer, any Non-Lead Special Servicer and
any Non-Lead Trustee (i) notice of any Appraisal Event promptly following the occurrence thereof and (ii) a statement of any Appraisal
Reduction or Collateral Deficiency Amount (if the Lead Securitization Servicing Agreement provides for calculation of any Collateral Deficiency
Amount) promptly following the calculation thereof.

(g)              
The Lead Securitization Note Holder agrees that it shall cause the Lead Securitization Servicing Agreement to provide as follows
(and to the extent such following

    	 	  - 28 -	 

    

    

provisions are not included in the Lead Securitization
Servicing Agreement, they shall be deemed incorporated therein and made a part thereof):

(i)                
the Master Servicer or Trustee shall be required to provide written notice to each Non-Lead Master Servicer and each Non-Lead Trustee
of any P&I Advance it has made with respect to the Lead Securitization Note within two (2) Business Days of making such advance;

(ii)              
if the Master Servicer determines that a proposed P&I Advance with respect to the Lead Securitization Note or Servicing Advances
with respect to the Mortgage Loan, if made, or any outstanding P&I Advance or Servicing Advances previously made, would be, or is,
as applicable, a Nonrecoverable Advance, the Master Servicer shall provide each Non-Lead Master Servicer written notice of such determination
within two (2) Business Days after such determination was made;

(iii)               the
Master Servicer shall remit all payments received with respect to each Non-Lead Securitization Note, net of the servicing fees payable
to the Master Servicer and Special Servicer with respect to such Non-Lead Securitization Note, and any other applicable fees and reimbursements
payable to the Master Servicer, the Special Servicer and the Trustee, to the applicable Non-Lead Securitization Note Holder by the earlier
of (x) the “master servicer remittance date” (or any term substantially similar thereto) as defined in the Lead Securitization
Servicing Agreement and (y) the Business Day following the “determination date” (or any term substantially similar thereto)
as defined in the related Non-Lead Securitization Servicing Agreement (such determination date, the “Non-Lead Securitization Determination
Date”), in each case as long as the date on which remittance is required under this clause (iii) is at least one
Business Day after the scheduled Monthly Payment Date under the Mortgage Loan Agreement;

(iv)               with
respect to each Non-Lead Securitization Note that is held by a Securitization, the Master Servicer agrees to deliver or cause to be delivered
or to make available to the related Non-Lead Master Servicer all loan-level reports constituting the CREFC® Investor Reporting
Package) pursuant to the terms of the Lead Securitization Servicing Agreement, to the extent related to the Mortgage Loan, the Mortgaged
Property, such Non-Lead Securitization Note, the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee,
by the earlier of (x) the “master servicer remittance date” (or any term substantially similar thereto) as defined in the
Lead Securitization Servicing Agreement and (y) the Business Day following the applicable Non-Lead Securitization Determination Date,
in each case so long as the date on which delivery is required under this clause (iv) is at least one Business Day after
the scheduled Monthly Payment Date under the Mortgage Loan Agreement;

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

    	 	  - 29 -	 

    

    

(vi)               each Non-Lead Securitization Note Holder shall be entitled to the same indemnity as the Lead Securitization Note Holder under
the Lead Securitization Servicing Agreement with respect to the following items; each of the Master Servicer, the Special Servicer, the
Trustee, the Certificate Administrator, the Operating Advisor, and the Custodian shall be required to indemnify each Certifying Person
and each Non-Lead Depositor for any public Other Securitization Trust, and their respective directors and officers and controlling persons,
to the same extent that they indemnify the Depositor (as depositor in respect of the Lead Securitization) and each Certifying Person
for (a) its failure to deliver the items in clause (vii) below in a timely manner, (b) its failure to perform its obligations
to such Non-Lead Depositor or applicable Non-Lead Trustee under Article XI (or any article substantially similar thereto that addresses
Exchange Act reporting and Regulation AB compliance) of the Lead Securitization Servicing Agreement by the time required after giving
effect to any applicable grace period or cure period, (c) the failure of any Servicing Function Participant or Additional Servicer retained
by it (other than any Initial Sub-Servicer) to perform its obligations to such Non-Lead Depositor or Non-Lead Trustee under Article XI
(or any article substantially similar thereto that addresses Exchange Act reporting and Regulation AB compliance) of the Lead Securitization
Servicing Agreement by the time required after giving effect to any applicable grace period or cure period; and/or (d) any deficient
Exchange Act report regarding, and delivered by or on behalf of, such party;

(vii)              each
of the Master Servicer, the Special Servicer, the Operating Advisor, the Custodian, the Certificate Administrator and the Trustee shall
(i) with respect to any Initial Sub-Servicer engaged by it that is a Servicing Function Participant or Additional Servicer, use commercially
reasonable efforts to cause such party to and (ii) with respect to each other Additional Servicer and each Servicing Function Participant
with which, in each case, it has entered into a servicing relationship with respect to the Mortgage Loan, cause such party to comply
with the foregoing Section 2(h)(vi) by inclusion of similar provisions in the related sub-servicing or similar agreement;

(viii)          
the Master Servicer, any primary servicer, the Special Servicer and the Lead Trustee, Certificate Administrator or other party
acting as custodian for the Lead Securitization shall be required to deliver (and shall be required to cause each other servicer and servicing
function participant (within the meaning of Items 1123 and 1122, respectively, of Regulation AB) retained or engaged by it to deliver),
to the parties to each Non-Lead Servicing Agreement, in a timely manner, (i) the reports, certifications, compliance statements, accountants’
assessments and attestations, any Lead Servicing Agreement amendments, and all information (including information regarding any replacement
Servicer) to be included in reports (including, without limitation, Form ABS 15G, Form 10K, Form 10D and Form 8K), and (ii) upon request,
any other materials specified in the related Non-Lead Servicing Agreement, in the case of clauses (i) and (ii), as the parties
to each Non-Lead Securitization may reasonably require in order to comply with their obligations under the Securities Act and the Exchange
Act (including Rule 15Ga-1) and Regulation AB, and any other applicable law. Without limiting the generality of the foregoing, the Lead
Note Holder shall provide in a timely manner to each Non-Lead Depositor and each Non-Lead Trustee a copy of the Lead Securitization Servicing
Agreement in EDGAR-compatible format (but not later than one Business Day

    	 	  - 30 -	 

    

    

following the closing date of the Lead
Securitization) and each Servicer under the Lead Securitization Servicing Agreement will be required, upon prior written request, to provide
to each Non-Lead Depositor and each Non-Lead Trustee any other information required to comply in a timely manner with applicable filing
requirements under Items 1.01 and 6.02 of Form 8-K, any other disclosure information required pursuant to Regulation AB, in each case
in a timely manner for inclusion in any disclosure document (and, with respect to the Lead Securitization Servicing Agreement and a replacement
Servicer, for filing under Form 8-K), and with respect to such Servicers, upon prior written request, at the expense of the requesting
party, market indemnification agreements, opinions and Regulation AB compliance letters as were or are being delivered with respect to
the Lead Securitization. As used in this Agreement, “Regulation AB” means Subpart 229.1100 – Asset Backed Securities
(Regulation AB), 17 C.F.R. §§ 229.1100 229.1125, as such may be amended from time to time, and subject to such clarification
and interpretation as have been provided by the United States Securities and Exchange Commission (the “Commission”)
or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time, in each case as effective from
time to time as of the compliance dates specified therein. The Master Servicer, any primary servicer and the Special Servicer shall each
be required to provide certification and indemnification to each Certifying Person with respect to the Sarbanes-Oxley Certification (or
analogous terms) as such terms are defined in the applicable Non-Lead Securitization Servicing Agreement;

(ix)               each of the Master Servicer, the Special Servicer, the Custodian and the Trustee and each Affected Reporting Party shall cooperate
(and require each Servicing Function Participant and Additional Servicer retained by it to cooperate under the applicable Sub-Servicing
Agreement), with each Non-Lead Depositor to the same extent as such party is required to cooperate with the Lead Depositor under the Lead
Securitization Servicing Agreement in connection with the reporting requirements under the Securities Act, the Exchange Act, the Sarbanes-Oxley
Act and the rules and regulations promulgated thereunder. All respective reasonable out-of-pocket costs and expenses incurred by each
Non-Lead Depositor (including reasonable legal fees and expenses of outside counsel to such depositor) in connection with the foregoing
(other than those costs and expenses related to participation by such Non-Lead Depositor in any telephone conferences and meetings with
the Commission and other costs such Non-Lead Depositor must bear pursuant to the Lead Securitization Servicing Agreement) and any amendments
to any reports filed with the Commission therewith shall be promptly paid by the applicable Affected Reporting Party upon receipt of an
itemized invoice from such Non-Lead Depositor;

(x)               
any late collections received by the Master Servicer from the Mortgage Loan Borrower that are allocable to a Non-Lead Securitization
Note or reimbursable to a Non-Lead Master Servicer or a Non-Lead Trustee in accordance with this Agreement shall be remitted by the Master
Servicer to the Non-Lead Master Servicer within one (1) Business Day of receipt and identification thereof unless such amount would otherwise
be included in the monthly remittance to the related Non-Lead Securitization Note Holder for such month; provided, however,
that to the extent any such amounts are received after 3:00 p.m. Eastern time on any given Business Day, the Master Servicer shall
use

    	 	  - 31 -	 

    

    

commercially reasonable efforts to remit
such late collections to each applicable Non-Lead Master Servicer within one (1) Business Day of receipt of properly identified funds
but, in any event, the Master Servicer shall remit such amounts within two (2) Business Days of receipt of properly identified funds;

(xi)               each
Non-Lead Securitization Note Holder is an intended third-party beneficiary in respect of the rights afforded it under the Lead Securitization
Servicing Agreement;

(xii)              each
Non-Lead Master Servicer and each Non-Lead Special Servicer shall be a third-party beneficiary of the Lead Securitization Servicing Agreement
with respect to all provisions therein expressly relating to compensation, reimbursement or indemnification of such Non-Lead Master Servicer
or such Non-Lead Special Servicer, as the case may be, and the provisions regarding coordination of advances;

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

(xiv)           
the Lead Securitization Servicing Agreement shall not be amended in any manner that materially and adversely affects the rights
of any Non-Lead Securitization Note Holder without the consent of such Non-Lead Securitization Note Holder;

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

(xvi)             “Servicer
Termination Events” (or any analogous term under the Lead Securitization Servicing Agreement) include customary market termination
events with respect to failure to make advances, failure to timely remit payments to the Non-Lead Note Holders as required hereunder
or under the Lead Securitization Servicing Agreement (subject to no more than one Business Day grace period), failure to timely deposit
amounts into any REO Account or to remit to a Servicer for deposit into a related collection or custodial account, failure to deliver
(or cause to be delivered) materials or information required in order for each Non-Lead Note Holder or each Non-Lead Depositor to timely
comply with its obligations under the Exchange Act, the Securities Act and Form SF-3, and for rating agency downgrades or other triggers
with respect to any certificates issued in connection with a Non-Lead Securitization, subject to customary grace periods (provided that,
in the case of failures related to the securities laws, such grace periods will not cause a Non-Lead Depositor to fail to comply with
the applicable provisions of such securities laws). Upon the occurrence of such a Servicer

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Termination Event with respect to the
Master Servicer affecting a Non-Lead Securitization Note Holder and the Master Servicer is not otherwise terminated pursuant to the Lead
Securitization Servicing Agreement, the Master Servicer shall be required, upon the direction of such Non-Lead Securitization Note Holder,
to appoint a subservicer with respect to such Non-Lead Securitization Note. Upon the occurrence of a Servicer Termination Event with respect
to the Special Servicer affecting a Non-Lead Securitization Note Holder and the Special Servicer is not otherwise terminated pursuant
to the Lead Securitization Servicing Agreement, the Trustee shall, upon direction of such Non-Lead Securitization Note Holder, terminate
the Special Servicer with respect to, but only with respect to, the Mortgage Loan;

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

(xviii)           if a Non-Lead Securitization Note becomes the subject of an Asset Review pursuant to the related Non-Lead Securitization Servicing
Agreement, the Master Servicer, the Special Servicer, the Trustee and the Custodian shall reasonably cooperate with the related Non-Lead
Asset Representations Reviewer in connection with such Asset Review by providing such Non-Lead Asset Representations Reviewer with any
documents reasonably requested by such Non-Lead Asset Representations Reviewer, but only to the extent (x) such documents are in
the possession of the Master Servicer, the Special Servicer, the Trustee or the Custodian, as the case may be, and (y) such Non-Lead
Asset Representations Reviewer has not been able to obtain such documents from the related mortgage loan seller; and

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

(h)              
Unless UBS AG, New York Branch is the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note
A-5 Holder, the Note A-6 Holder, the Note A-7 Holder, the Note A-8 Holder, the Note A-9 Holder and the Note A-10 Holder, the holder of
each Lead Securitization Note shall:

(i)              
 on or promptly after, but in no event more than two (2) Business Days after, the closing date of the Lead Securitization, send
a copy (in EDGAR-compatible format) of the Lead Securitization Servicing Agreement to each other Note Holder; and

    	 	  - 33 -	 

    

    

(ii)              
 give each other Note Holder written notice in a timely manner (but no later than one (1) Business Day prior to the applicable
filing date) of any re-filing (other than a filing made in connection with a formal amendment of the Lead Securitization Servicing Agreement)
by the Depositor of the Lead Securitization Servicing Agreement subsequent to the Securitization Date.

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

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

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made with respect to such Note by such party
(if and as specified in the Lead Securitization Servicing Agreement or applicable Non-Lead Securitization Servicing Agreement, as applicable),
third, be used to reduce, on a pro rata basis, the amounts payable on each Note by the amount necessary to pay additional
trust fund expenses under the Lead Securitization Servicing Agreement (other than Special Servicing Fees, unpaid Workout Fees and Liquidation
Fees) incurred with respect to the Mortgage Loan (as specified in the Lead Securitization Servicing Agreement) and finally, with
respect to any remaining amount of Penalty Charges, to the Master Servicer and/or the Special Servicer as additional servicing compensation
as provided in the Lead Securitization Servicing Agreement. Any proceeds received from the sale of the primary servicing rights with respect
to the Mortgage Loan shall be remitted, promptly upon receipt thereof, to the Note-Holders on a pro rata and pari passu
basis. Any proceeds received by any Note-Holder from the sale of master servicing rights with respect to its Note shall be for its own
account.

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

Section 5.               
Administration of the Mortgage Loan.

(a)              
Subject to this Agreement (including, without limitation, Section 5(c)) and the Lead Securitization Servicing Agreement
and subject to the rights and consents, where required, of the Controlling Note Holder Representative, the Lead Securitization Note Holder
(or the Master Servicer, the Special Servicer or the Trustee acting on its behalf), shall have the sole and exclusive authority with respect
to the administration of, and exercise of rights and remedies with respect to, the Mortgage Loan, including, without limitation, the sole
authority to modify or waive any of the terms of the Mortgage Loan Documents or to consent to any action or failure to act by the Mortgage
Loan Borrower or any other party to the Mortgage Loan Documents, call or waive any Event of Default, accelerate the Mortgage Loan or institute
any foreclosure action or other remedy, and no Non-Lead Securitization Note Holder shall have any voting, consent or other rights whatsoever
except as explicitly set forth herein with respect to the Lead Securitization Note Holder’s administration of, or exercise of its
rights and remedies with respect to, the Mortgage Loan. Subject to this Agreement and the Lead Securitization Servicing Agreement, no
Non-Lead Securitization Note Holder shall have any right to, and each Non-Lead Securitization Note Holder hereby presently and irrevocably
assigns and conveys to the Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its
behalf) the rights, if any, that such Note Holder has from and after the initial Securitization Date to, (i) call, or cause the Lead Securitization
Note Holder to call, an Event of Default under the Mortgage Loan, or (ii) exercise any remedies with respect to the Mortgage Loan or the
Mortgage Loan Borrower, including, without limitation, filing, or causing the Lead

    	 	  - 35 -	 

    

    

Securitization Note Holder to file, any bankruptcy
petition against the Mortgage Loan Borrower. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the
Trustee acting on its behalf) shall not have any fiduciary duty to any Non-Lead Securitization Note Holder in connection with the administration
of the Mortgage Loan (but the foregoing shall not relieve the Lead Securitization Note Holder from the obligation to make any disbursement
of funds as set forth herein or its obligation to follow the Servicing Standard (in the case of the Master Servicer or the Special Servicer)
or any liability for failure to do so).

Each Note Holder hereby acknowledges
the right and obligation of the Lead Securitization Note Holder (or the Special Servicer acting on behalf of the Lead Securitization Note
Holder), upon the Mortgage Loan becoming a Defaulted Loan, to sell the Notes together as notes evidencing one whole loan in accordance
with the terms of the Lead Securitization Servicing Agreement. In connection with any such sale, the Special Servicer shall be required
to sell the Notes together as notes evidencing one whole loan and shall require that all offers be submitted to the Special Servicer in
writing. Notwithstanding the foregoing, the Lead Securitization Note Holder (or the Special Servicer acting on its behalf) shall not be
permitted to sell the Mortgage Loan without the written consent of each Non-Lead Securitization Note Holder (unless with respect to each
Non-Lead Securitization Note Holder, 50% or more of the related Note (or the class of securities issued in the applicable Non-Lead Securitization
designated as the “controlling class” or such other class(es) otherwise assigned the rights to exercise the rights of the
“Controlling Note Holder” is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower) unless the
Special Servicer has delivered to each Non-Lead Securitization Note Holder: (a) at least fifteen (15) Business Days prior written
notice of any decision to attempt to sell the Mortgage Loan; (b) at least ten (10) days prior to the proposed sale date, a copy of
each bid package (together with any amendments to such bid packages) received by the Special Servicer in connection with any such proposed
sale; (c) at least ten (10) days prior to the proposed sale date, a copy of the most recent Appraisal for the Mortgage Loan, and
any documents in the Servicer Mortgage File requested by such Non-Lead Securitization Note Holder; and (d) until the sale is completed,
and a reasonable period of time (but no less time than is afforded to other offerors and the related Lead Securitization Controlling Class
Representative prior to the proposed sale date, all information and other documents being provided to other offerors and all leases or
other documents that are approved by the Master Servicer or the Special Servicer in connection with the proposed sale; provided, that
such Non-Lead Securitization Note Holder may waive (only with respect to itself) any of the delivery or timing requirements set forth
in this sentence. Subject to the foregoing, each Note Holder or its Note Holder Representative shall be permitted to submit an offer at
any sale of the Mortgage Loan unless such Person is the Mortgage Loan Borrower or an agent or Affiliate of the Mortgage Loan Borrower.

Each Note Holder (to the
extent it is not the same entity as the Lead Securitization Note Holder) hereby appoints the Lead Securitization Note Holder as its agent,
and grants to the Lead Securitization Note Holder an irrevocable power of attorney coupled with an interest, and its proxy, for the purpose
of soliciting and accepting offers for and consummating the sale of its Note. Each Note Holder (to the extent it is not the same entity
as the Lead Securitization Note Holder) further agrees that, upon the request of the Lead Securitization Note Holder, such Note Holder
shall execute and deliver to or at the direction of Lead Securitization Note Holder such powers of attorney or other instruments as the
Lead Securitization Note Holder may reasonably

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request to better assure and evidence the foregoing
appointment and grant, in each case promptly following request, and shall deliver its original Note, endorsed in blank, to or at the direction
of the Lead Securitization Note Holder in connection with the consummation of any such sale.

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

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

(c)              
Notwithstanding the foregoing, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its
behalf) shall be required (i) to provide copies of any notice, information and report that it is required to provide to the Lead
Securitization Controlling Class Representative pursuant to the Lead Securitization Servicing Agreement with respect to any Major Decisions
or the implementation of any recommended

    	 	  - 37 -	 

    

    

actions outlined in an Asset Status Report
relating to the Mortgage Loan, to each Non-Lead Securitization Note Holder (or its Note Holder Representative), within the same time frame
it is required to provide to the Lead Securitization Controlling Class Representative (for this purpose, without regard to whether such
items are actually required to be provided to the Lead Securitization Controlling Class Representative under the Lead Securitization Servicing
Agreement due to the expiration of the related “Subordinate Control Period” (as defined under the Lead Securitization Servicing
Agreement) or the “Collective Consultation Period” (as defined under the Lead Securitization Servicing Agreement)) and (ii) to
use reasonable efforts to consult with each Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative) on a strictly
non-binding basis, to the extent having received such notices, information and reports, such Non-Controlling Note Holder (or its Non-Controlling
Note Holder Representative) requests consultation with respect to any such Major Decisions or the implementation of any recommended actions
outlined in an Asset Status Report relating to the Mortgage Loan, and consider alternative actions recommended by such Non-Controlling
Note Holder (or its Non-Controlling Note Holder Representative); provided that after the expiration of a period of ten (10) Business
Days from the delivery to such Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative) by the Lead Securitization
Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) of written notice of a proposed action, together with
copies of the notice, information and report required to be provided to the Lead Securitization Controlling Class Representative, the
Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall no longer be obligated to
consult with such Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative), whether or not such Non-Controlling
Note Holder (or its Non-Controlling Note Holder Representative) has responded within such ten (10) Business Day period (unless, the Lead
Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) proposes a new course of action that
is materially different from the action previously proposed, in which case such ten (10) Business Day period shall be deemed to begin
anew from the date of such proposal and delivery of all information relating thereto). Notwithstanding the consultation rights of each
Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative) set forth in the immediately preceding sentence, the Lead
Securitization Note Holder (or Master Servicer or Special Servicer, acting on its behalf) may take any Major Decision or any action set
forth in the Asset Status Report before the expiration of the aforementioned ten (10) Business Day period if the Lead Securitization Note
Holder (or Master Servicer or Special Servicer, as applicable) determines that immediate action with respect thereto is necessary to protect
the interests of the Note Holders. In no event shall the Lead Securitization Note Holder (or Master Servicer or Special Servicer, acting
on its behalf) be obligated at any time to follow or take any alternative actions recommended by the Non-Controlling Note Holder (or its
Non-Controlling Note Holder Representative).

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

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(d)              
 If any Note is included as an asset of a REMIC within the meaning of Section 860D(a) of the Code, then, any provision of
this Agreement to the contrary notwithstanding: (i) the Mortgage Loan shall be administered such that the Notes shall qualify at
all times as (or as interests in) a “qualified mortgage” within the meaning of Section 860G(a)(3) of the Code, (ii) any
real property (and related personal property) acquired by or on behalf of the Note Holders pursuant to a foreclosure, exercise of a power
of sale or delivery of a deed in lieu of foreclosure of the Mortgage or lien on such property following a default on the Mortgage Loan
shall be administered so that the interest of the pro rata share of each Note Holder therein shall at all times qualify as “foreclosure
property” within the meaning of Section 860G(a)(8) of the Code and (iii) no Servicer may modify, waive or amend any provision
of the Mortgage Loan, consent to or withhold consent from any action of the Mortgage Loan Borrower, or exercise or refrain from exercising
any powers or rights which the Note Holders may have under the Mortgage Loan Documents, if any such action would constitute a “significant
modification” of the Mortgage Loan, within the meaning of Section 1.860G-2(b) of the regulations of the United States Department
of the Treasury, more than three (3) months after the startup day of the REMIC which includes the Notes (or any portion thereof). Each
Note Holder agrees that the provisions of this paragraph shall be effected by compliance with any REMIC related provisions in the Lead
Securitization Servicing Agreement relating to the administration of the Mortgage Loan. All costs and expenses of compliance with this
Section 5(d), to the extent that such costs and expenses relate to administration of a REMIC or to any determination respecting
the amount, payment or avoidance of any tax under the REMIC Provisions or the actual payment of any REMIC tax or expense, shall be borne
by all of the Note Holders collectively, each contributing on a pro rata and pari passu basis according to the Percentage
Interest represented by each Note.

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

Section 6.               
Rights of the Controlling Note Holder.

(a)               The
Controlling Note Holder shall have the right at any time to appoint a representative in connection with the exercise of its rights and
obligations with respect to the Mortgage Loan (the “Controlling Note Holder Representative”). The Controlling Note
Holder shall have the right in its sole discretion at any time and from time to time to remove and replace the Controlling Note Holder
Representative. When exercising its various rights under Section 5 and elsewhere in this Agreement, the Controlling Note
Holder may, at its option, in each case, act through the Controlling Note Holder Representative. The Controlling Note Holder Representative
may be any Person (other than the Mortgage Loan Borrower, its principal or any Affiliate of the Mortgage Loan Borrower), including, without
limitation, the Controlling Note Holder, any officer or employee of the Controlling Note Holder, any affiliate of the Controlling

    	 	  - 39 -	 

    

    

Note Holder or any other unrelated third party.
No such Controlling Note Holder Representative shall owe any fiduciary duty or other duty to any other Person (other than the Controlling
Note Holder). All actions that are permitted to be taken by the Controlling Note Holder under this Agreement may be taken by the Controlling
Note Holder Representative acting on behalf of the Controlling Note Holder. Any Servicer acting on behalf of the Lead Securitization Note
Holder shall not be required to recognize any Person as a Controlling Note Holder Representative until the Controlling Note Holder has
notified such Servicer or Trustee of such appointment and, if the Controlling Note Holder Representative is not the same Person as the
Controlling Note Holder, the Controlling Note Holder Representative provides any Servicer or Trustee with written confirmation of its
acceptance of such appointment, an address and telecopy number for the delivery of notices and other correspondence and a list of officers
or employees of such person with whom the parties to this Agreement may deal (including their names, titles, work addresses and telecopy
numbers). The Controlling Note Holder shall promptly deliver such information to any Servicer. None of the Servicers, Operating Advisor
and Trustee shall be required to recognize any person as a Controlling Note Holder Representative until they receive such information
from the Controlling Note Holder. The Controlling Note Holder agrees to inform each such Servicer or Trustee of the then-current Controlling
Note Holder Representative.

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

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

    	 	  - 40 -	 

    

    

be necessary in the reasonable judgment of
the Controlling Note Holder in order to make a judgment, then upon the expiration of such ten (10) Business Day period (or thirty (30)
days with respect to an Acceptable Insurance Default), such Major Decision shall be deemed to have been approved by the Controlling Note
Holder.

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

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

(c)       Each
Non-Controlling Note Holder shall have the right at any time to appoint a representative in connection with the exercise of its rights
and obligations with respect to the Mortgage Loan (with respect to such Note Holder, the “Non-Controlling Note Holder Representative”).
All of the provisions relating to the Controlling Note Holder and the Controlling Note Holder Representative set forth in the first
paragraph of this Section 6(a) (except those contained in the last sentence thereof) and the second paragraph of
this Section 6(a) shall apply to each Non-Controlling Note Holder and its Non-Controlling Note Holder Representative mutatis
mutandis. Each Non-Controlling Note Holder Representative, as of the date of this Agreement and until the Lead Securitization Note
Holder (and the Master Servicer and the Special Servicer) is notified otherwise, shall be the Note A-1 Holder, the Note A-2 Holder, the
Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder, the Note A-6 Holder, the Note A-7 Holder, the Note A-8 Holder, the Note A-9
Holder and the Note A-10 Holder, as applicable, provided that at any time a Non-Lead Securitization Note is included in a Securitization,
references to the “Non-Controlling Note Holder” herein shall mean the related “Directing Certificateholder”, “Directing
Holder” or “Controlling Class Representative” (or analogous term) under the Non-Lead Securitization or any other party
assigned the rights to exercise the rights of the related “Non-Controlling Note Holder” hereunder, as and to the extent provided
in the related Non-Lead Securitization Servicing Agreement and as to the identity of which the Lead Securitization Note Holder (and the
Master Servicer and the Special Servicer) has been given written notice.

Each Non-Controlling Note
Holder shall provide notice of its identity and contact information (including any change thereof) to the Trustee, Certificate Administrator,
the Master Servicer and the Special Servicer under the Lead Securitization; provided, that each Note Holder shall be deemed to
have provided such notice on the date hereof. The Trustee, Certificate Administrator, the Master Servicer and the Special Servicer under
the Lead Securitization shall

    	 	  - 41 -	 

    

    

be entitled to conclusively rely on such identity
and contact information received by it and shall not be liable in respect of any deliveries hereunder sent in reliance thereon.

(d)       The
Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall not be required at any time
to deal with more than one party as the representative of the “controlling class” holder(s) in respect of any Note that is
exercising the rights of a “Non-Controlling Note Holder” herein or under the Lead Securitization Servicing Agreement (it being
understood for the avoidance of doubt that the Lead Securitization Note Holder (or the Master Servicer or Special Servicer on its behalf)
may additionally need to deal with the master servicer, special servicer or other person party to the related Securitization Servicing
Agreement) and to the extent that the related Securitization Servicing Agreement assigns such rights to more than one such party as the
representative of the “controlling class” holder(s), for purposes of this Agreement, such Securitization Servicing Agreement
shall designate one such party to deal with the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting
on its behalf) as the representative of the related “controlling class” holder(s) in exercising its rights as a “Non-Controlling
Note Holder” herein or under the Lead Securitization Servicing Agreement, and such party shall provide written notice of such designation
to the Lead Securitization Note Holder (and the Master Servicer and the Special Servicer acting on its behalf); provided that,
in the absence of such designation and notice, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting
on its behalf) shall be entitled to treat the last party as to which it has received written notice as having been designated as the applicable
Non-Controlling Note Holder, as the applicable Non-Controlling Note Holder under this Agreement.

(e)       No
Note Holder Representative will have any liability to any other Note Holder or any other Person for any action taken, or for refraining
from the taking of any action or the giving of any consent or the failure to give any consent pursuant to this Agreement or any Securitization
Servicing Agreement, or errors in judgment, absent any loss, liability or expense incurred by reason of its willful misfeasance, bad faith
or gross negligence. The Note Holders agree that a Note Holder Representative may take or refrain from taking actions, or give or refrain
from giving consents, that favor the interests of one Note Holder over any other Note Holder, and that any Note Holder Representative
may have special relationships and interests that conflict with the interests of any other Note Holder and, absent willful malfeasance,
bad faith or gross negligence on the part of the Note Holder Representative, agree to take no action against the Note Holder Representative
or any of its officers, directors, employees, principals or agents as a result of such special relationships or interests, and that no
Note Holder Representative will be deemed to have been grossly negligent or reckless, or to have acted in bad faith or engaged in willful
malfeasance or to have recklessly disregarded any exercise of its rights by reason of its having acted or refrained from acting, or having
given any consent or having failed to give any consent, solely in the interests of any Note Holder.

Section 7.               Appointment
of Special Servicer. The Controlling Note Holder (or its Controlling Note Holder Representative) shall have the right (subject to
the terms, conditions and limitations in the Lead Securitization Servicing Agreement) at any time and from time to time, with or without
cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint a replacement Special Servicer that
satisfies the Required Special Servicer Rating requirements in lieu thereof. Any designation by the Controlling Note Holder (or

    	 	  - 42 -	 

    

    

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

Section 8.               
Payment Procedure.

(a)              
The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf), in accordance
with the priorities set forth in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall deposit
or cause to be deposited all payments allocable to the Notes to the “Collection Account” and/or “Serviced Companion
Loan Custodial Account” (or the related analogous term and each as defined in the Lead Securitization Servicing Agreement) pursuant
to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer, the
Special Servicer or the Trustee acting on its behalf) shall deposit such amounts to the applicable account within two (2) Business Days
of receipt by it of properly identified and available funds by the Lead Securitization Note Holder (or the Master Servicer acting on its
behalf) from or on behalf of the Mortgage Loan Borrower.

    	 	  - 43 -	 

    

    

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

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

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

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

The Note Holders acknowledge
that, subject to the obligation of the Lead Securitization Note Holder (including any Servicer and the Trustee on its behalf) to comply
with, and except as otherwise required by, the Servicing Standard, the Lead Securitization Note Holder (including any Servicer and the
Trustee on its behalf) may exercise, or omit to exercise, any rights that the Lead Securitization Note Holder may have under the Lead
Securitization

    	 	  - 44 -	 

    

    

Servicing Agreement in a manner that may be
adverse to the interests of any Non-Lead Securitization Note Holder and that the Lead Securitization Note Holder (including any Servicer
and the Trustee on its behalf) shall have no liability whatsoever to any Non-Lead Securitization Note Holder in connection with the Lead
Securitization Note Holder’s exercise of rights or any omission by the Lead Securitization Note Holder to exercise such rights other
than as described above; provided, that each Servicer must act in accordance with the Servicing Standard and the terms of this
Agreement.

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

Section 11.            
Representations of the Note Holders. (a) Each Note Holder represents and warrants to each other Note Holder that, as of
the date hereof (or in connection with a new Holder of a Note following a Transfer, as of the date of such Transfer):

(i)                 the
execution, delivery and performance of this Agreement is within its corporate powers, has been duly authorized by all necessary corporate
action, and does not contravene such Note Holder’s charter or any law or contractual restriction binding upon such Note Holder,

    	 	  - 45 -	 

    

    

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

(iii)               it
is duly organized, validly existing, in good standing and in possession of all licenses and authorizations necessary to carry on its
business,

(iv)               this Agreement has been duly executed and delivered by such Note Holder, and

(v)              
to such Note Holder’s actual knowledge, (A) all consents, approvals, authorizations, orders or filings of or with any court
or governmental agency or body, if any, required for the execution, delivery and performance of this Agreement by such Note Holder have
been obtained or made and (B) there is no pending action, suit or proceeding, arbitration or governmental investigation against such Note
Holder, an adverse outcome of which would materially and adversely affect its performance under this Agreement.

(b)              
The Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder, the Note A-6 Holder, the
Note A-7 Holder, the Note A-8 Holder, the Note A-9 Holder and the Note A-10 Holder each represents and warrants to each other Note Holder
that as of the date hereof, it is a Qualified Institutional Lender.

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

Section 13.             Other
Business Activities of the Note Holders. Each Note Holder acknowledges that each other Note Holder or its Affiliates may make loans
or otherwise extend credit to, and generally engage in any kind of business with, the Mortgage Loan Borrower or any Affiliate thereof,
any entity that is a holder of debt secured by direct or indirect ownership interests in the Mortgage Loan Borrower or Affiliate thereof
or any entity that is a holder of a preferred equity interest in the Mortgage Loan Borrower Affiliate thereof or any entity (each, a

    	 	  - 46 -	 

    

    

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

Section 14.             
Sale of the Notes.

(a)              
Each Note Holder agrees that it will not sell, assign, transfer, pledge, syndicate, hypothecate, contribute, encumber or otherwise
dispose of all or any portion of its respective Note (or a participation interest in such Note) (a “Transfer”) except
to a Qualified Institutional Lender in accordance with the terms of this Agreement. Promptly after any such Transfer, any non-transferring
Note Holders shall be provided with (x) a representation from each transferee or the transferring Note Holder certifying that such transferee
is a Qualified Institutional Lender (except in the case of a Transfer in accordance with the immediately following sentence or a Transfer
by a Note Holder to an entity that constitutes a Qualified Institutional Lender pursuant to clause (c)(iii) of the definition thereof)
and (y) a copy of the assignment and assumption agreement referred to in Section 15 (unless the transferee is a Securitization
Trust and the related pooling and servicing agreement requires the parties thereto to comply with this Agreement). If a Note Holder intends
to Transfer its respective Note, or any portion thereof, to an entity that is not a Qualified Institutional Lender, it must first obtain
the consent of each non-transferring Note Holder and, if any such non-transferring Note Holder’s Note is held in a Securitization
Trust, obtain a Rating Agency Confirmation from each of the applicable engaged Rating Agencies for such Securitization Trust. Notwithstanding
the foregoing, without each non-transferring Note Holder’s prior consent (which will not be unreasonably withheld), and, if any
such non-transferring Note Holder’s Note is held in a Securitization Trust, without a Rating Agency from each of the applicable
engaged Rating Agencies for such Securitization, no Note Holder shall Transfer all or any portion of its Note (or a participation interest
in such Note) to the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party and any such Transfer shall be absolutely null and
void and shall vest no rights in the purported transferee. The transferring Note Holder agrees that it shall pay the expenses of any non-transferring
Note Holder (including all expenses of the Master Servicer, the Special Servicer, the Trustee and any Controlling Note Holder or Controlling
Note Holder Representative) and all expenses relating to the confirmation from the Rating Agencies in connection with any such Transfer.
Notwithstanding the foregoing, unless the related Note is included in a Securitization, each Note Holder shall have the right, without
the need to obtain the consent of any other Note Holder, the Rating Agencies or any other Person, to Transfer 49% or less (in the aggregate)
of its beneficial interest in a Note. None of the provisions of this Section 14(a) shall apply in the case of (1) a sale of Note A-1 together
with Note A-2, Note A-3, Note A-4, Note A-5, Note A-6, Note A-7, Note A-8, Note A-9 and Note A-10 in accordance with the terms and conditions
of the Lead Securitization Servicing Agreement or (2) a transfer by the Special Servicer, in accordance with the terms and conditions
of the Lead Securitization Servicing Agreement, of the Mortgage Loan or the Mortgaged Property, upon the Mortgage Loan becoming a Defaulted
Loan, to a single member limited liability or limited partnership, 100% of the equity interest in which is owned directly or indirectly,
through one or more single member limited liability companies or limited partnerships, by the Lead Securitization Trust.

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For the purposes of this
Agreement, if any Rating Agency shall, in writing, waive, decline or refuse to review or otherwise engage any request for a Rating Agency
Confirmation, such waiver, declination, or refusal shall be deemed to eliminate, for such request only, the condition that such confirmation
by such Rating Agency (only) be obtained for purposes of this Agreement. For purposes of clarity, any such waiver, declination or refusal
to review or otherwise engage in any request for such confirmation hereunder shall not be deemed a waiver, declination or refusal to review
or otherwise engage in any subsequent request for such Rating Agency Confirmation hereunder and the condition for such Rating Agency Confirmation
pursuant to this Agreement for any subsequent request shall apply regardless of any previous waiver, declination or refusal to review
or otherwise engage in such prior request.

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

(c)              
Notwithstanding any other provision hereof, any Note Holder may pledge (a “Pledge”) its Note to any entity (other
than the Mortgage Loan Borrower or any Affiliate thereof) which has extended a credit or repurchase facility to such Note Holder and that
is either a Qualified Institutional Lender or a financial institution whose long-term unsecured debt is rated at least “A”
(or the equivalent) or better by each applicable Rating Agency (or, if not rated by an applicable Rating Agency, an equivalent (or higher)
rating from any two of Fitch, Moody’s and S&P) (a “Note Pledgee”) or to a Person with respect to which a
Rating Agency Confirmation has been obtained, on terms and conditions set forth in this Section 14(c), it being further agreed
that a financing provided by a Note Pledgee to a Note Holder or any person which Controls such Note that is secured by its Note and is
structured as a repurchase arrangement, shall qualify as a “Pledge” hereunder, provided that a Note Pledgee
which is not a Qualified Institutional Lender may not take title to the pledged Note without a Rating Agency Confirmation. Upon written
notice by the applicable Note Holder to each other Note Holder and any Servicer that a Pledge has been effected (including the name and
address of the applicable Note Pledgee), each other Note Holder agrees to acknowledge receipt of such notice and thereafter agrees: (i) to
give Note Pledgee written notice of any default by the pledging Note Holder in respect of its obligations under this Agreement of which
default such Note Holder has actual knowledge; (ii) to allow such Note Pledgee a period of ten (10) days to cure a default by the
pledging Note Holder in respect of its obligations to each other Note Holder hereunder, but such Note Pledgee shall not be obligated to
cure any such default; (iii) that no amendment, modification, waiver or termination of this Agreement shall be effective against
such Note Pledgee without the written consent of such Note Pledgee, which consent shall not be unreasonably withheld, conditioned or delayed;
(iv) that such other Note Holder shall give to such Note Pledgee copies of any notice of default under this Agreement simultaneously
with the giving of same to the pledging Note Holder and accept any cure thereof by such Note Pledgee which such pledging Note Holder has
the right (but not the obligation) to effect hereunder, as if such cure were made by such pledging Note Holder; (v) that such other
Note Holder shall deliver to Note Pledgee such estoppel certificate(s)

    	 	  - 48 -	 

    

    

as Note Pledgee shall reasonably request, provided
that any such certificate(s) shall be in a form reasonably satisfactory to such other Note Holder; and (vi) that, upon written notice
(a “Redirection Notice”) to each other Note Holder and any Servicer by such Note Pledgee that the pledging Note Holder
is in default, beyond any applicable cure periods, under the pledging Note Holder’s obligations to such Note Pledgee pursuant to
the applicable credit agreement between the pledging Note Holder and such Note Pledgee (which notice need not be joined in or confirmed
by the pledging Note Holder), and until such Redirection Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee shall be
entitled to receive any payments that any Note Holder or Servicer would otherwise be obligated to pay to the pledging Note Holder from
time to time pursuant to this Agreement or the Lead Securitization Servicing Agreement. Any pledging Note Holder hereby unconditionally
and absolutely releases each other Note Holder and any Servicer from any liability to the pledging Note Holder on account of such other
Note Holder’s or Servicer’s compliance with any Redirection Notice believed by any Servicer or such other Note Holder to have
been delivered by a Note Pledgee. Note Pledgee shall be permitted to exercise fully its rights and remedies against the pledging Note
Holder to such Note Pledgee (and accept an assignment in lieu of foreclosure as to such collateral), in accordance with applicable law
and this Agreement. In such event, the Note Holders and any Servicer shall recognize such Note Pledgee (and any transferee other than
the Mortgage Loan Borrower or any Affiliate thereof which is also a Qualified Institutional Lender at any foreclosure or similar sale
held by such Note Pledgee or any transfer in lieu of foreclosure), and its successor and assigns, as the successor to the pledging Note
Holder’s rights, remedies and obligations under this Agreement, and any such Note Pledgee or Qualified Institutional Lender shall
assume in writing the obligations of the pledging Note Holder hereunder accruing from and after such Transfer (i.e., realization
upon the collateral by such Note Pledgee) and agrees to be bound by the terms and provisions of this Agreement. The rights of a Note Pledgee
under this Section 14(c) shall remain effective as to any Note Holder (and any Servicer) unless and until such Note Pledgee
shall have notified any such Note Holder (and any Servicer, as applicable) in writing that its interest in the pledged Note has terminated.

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

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

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

(iii)               such
Note Holder pledges (or sells, transfers or assigns as part of a repurchase facility) its interest in its Note to the Conduit as collateral
for the Conduit Inventory Loan;

(iv)               the
Conduit Credit Enhancer and the Conduit agree that, if such Note Holder defaults under the Conduit Inventory Loan, or if the Conduit
is unable to

    	 	  - 49 -	 

    

    

refinance its outstanding commercial
paper even if there is no default by such Note Holder, the Conduit Credit Enhancer will purchase the Conduit Inventory Loan from the Conduit,
and the Conduit will assign the pledge of such Note Holder’s Note to the Conduit Credit Enhancer; and

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

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

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

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

    	 	  - 50 -	 

    

    

ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING
OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT.

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

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

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

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

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

Section 18.            
Modifications. This Agreement shall not be modified, cancelled or terminated except by an instrument in writing signed by
each Note Holder. Additionally, for as long as any Note is contained in a Securitization Trust, the Note Holders shall not amend or modify
this Agreement without first delivering a Rating Agency Communication to each Rating Agency then rating any securities of any Securitization;
provided that no such Rating Agency Communication shall be required in connection with a modification (i) to cure any ambiguity,
to correct any scrivener error, to correct or supplement any provisions herein that may be defective or inconsistent with any other provisions
herein or with the Lead Securitization Servicing Agreement, or (ii) with respect to matters or questions arising under this Agreement
to make provisions of this Agreement consistent with other provisions of this Agreement (including without limitation, in connection with
the creation of New Notes pursuant to Section 33).

Section 19.             
Statement of Intent. The Agent and each Note Holder intend that the Notes be classified and maintained as a grantor trust
under subpart E, part I of subchapter J of chapter 1 of the Code that is a fixed investment trust within the meaning of Treasury Regulation
§301.7701-4(c), and the parties will not take any action inconsistent with such classification. It is

    	 	  - 51 -	 

    

    

neither the purpose nor the intent of this
Agreement to create a partnership, joint venture, “taxable mortgage pool” or association taxable as a corporation among the
parties.

Section 20.            
Successors and Assigns; Third Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon the
parties hereto and their respective successors and assigns. Except as provided herein, including without limitation, with respect to the
Trustee, Certificate Administrator, Master Servicer and Special Servicer and any Non-Lead Master Servicer, Non-Lead Special Servicer or
Non-Lead Trustee, none of the provisions of this Agreement shall be for the benefit of or enforceable by any Person not a party hereto.
Subject to Section 14 and Section 15, each Note Holder may assign or delegate its rights or obligations under
this Agreement. Upon any such assignment, the assignee shall be entitled to all rights and benefits of the applicable Note Holder hereunder.
For the avoidance of doubt, the representations in Section 11 shall not be binding upon any Securitization Trust.

Section 21.             
Counterparts. This Agreement may be executed in any number of counterparts and all of such counterparts shall together constitute
one and the same instrument. Delivery of an executed counterpart of a signature page of this Agreement in Portable Document Format (PDF)
or by facsimile transmission shall be effective as delivery of a manually executed original counterpart of this Agreement.

Section 22.             Captions.
The titles and headings of the paragraphs of this Agreement have been inserted for convenience of reference only and are not intended
to summarize or otherwise describe the subject matter of the paragraphs and shall not be given any consideration in the construction
of this Agreement.

Section 23.             
Severability. Wherever possible, each provision of this Agreement shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid under applicable laws, such provision
shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining
provisions of this Agreement.

Section 24.            
Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto with respect to the subject
matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

Section 25.           
Withholding Taxes. (a) If the Lead Securitization Note Holder or the Mortgage Loan Borrower shall be required by law
to deduct and withhold Taxes from interest, fees or other amounts payable to any Non-Lead Securitization Note Holder with respect to the
Mortgage Loan as a result of such Non-Lead Securitization Note Holder constituting a Non-Exempt Person, such Lead Securitization Note
Holder, in its capacity as servicer, shall be entitled to do so with respect to such Non-Lead Securitization Note Holder’s interest
in such payment (all withheld amounts being deemed paid to such Note Holder), provided that the Lead Securitization Note Holder
shall furnish such Non-Lead Securitization Note Holder with a statement setting forth the amount of Taxes withheld, the applicable rate
and other information which may reasonably be requested for purposes of assisting such Note Holder to seek any

    	 	  - 52 -	 

    

    

allowable credits or deductions for the Taxes
so withheld in each jurisdiction in which such Note Holder is subject to tax.

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

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

    	 	  - 53 -	 

    

    

Section 26.           
Custody of Mortgage Loan Documents. Prior to the Note A-1 Securitization Date, the Note A-2 Securitization Date, the Note
A-3 Securitization Date, the Note A-4 Securitization Date, the Note A-5 Securitization Date, the Note A-6 Securitization Date, the Note
A-7 Securitization Date, the Note A-8 Securitization Date, the Note A-9 Securitization Date and the Note A-10 Securitization Date, the
originals of all of the Mortgage Loan Documents (other than Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6, Note A-7, Note
A-8, Note A-9 and Note A-10) will be held by the Initial Agent on behalf of the registered holders of the Notes. If the Lead Securitization
is not also the Note A-1 Securitization, then on and after the Lead Securitization Date the originals of all of the Mortgage Loan Documents
(other than Note A-1 and any other Notes not included in such Lead Securitization) shall be held in the name of the trustee (and held
by a duly appointed custodian therefor) under the Lead Securitization Servicing Agreement on behalf of the registered holders of the
Notes. On and after the Note A-1 Securitization Date, the originals of all of the Mortgage Loan Documents (other than Note A-2, Note
A-3, Note A-4, Note A-5, Note A-6, Note A-7, Note A-8, Note A-9 and Note A-10, unless any such Note is also included in the Note A-1
Securitization) shall be transferred to and held in the name of the trustee (and held by a duly appointed custodian therefor) under the
Note A-1 PSA, on behalf of the registered holders of the Notes.

Section 27.             
Cooperation in Securitization.

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

    	 	  - 54 -	 

    

    

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

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

(c)              
If a Non-Lead Securitization Note becomes the subject of an Asset Review pursuant to the related Non-Lead Securitization Servicing
Agreement, the Master Servicer, the Special Servicer, the Trustee and the Custodian shall reasonably cooperate at the Non-Lead Securitization
Note Holder’s expense with such Non-Lead Asset Representations Reviewer in connection with such Asset Review by providing such Non-Lead
Asset Representations Reviewer with any documents reasonably requested by such Non-Lead Asset Representations Reviewer, but only to the
extent that such documents are in the possession of the Master Servicer, the Special Servicer, the Trustee or the Custodian, as the case
may be, and are not in the possession of the Non-Lead Asset Representations Reviewer (and the Non-Lead Asset Representations Reviewer
has informed such party that it has first requested, and not received, the documents from the master servicer, special servicer and custodian
for the applicable Non-Lead Securitization).

Section 28.           
Notices. All notices required hereunder shall be given by (i) telephone (confirmed promptly in writing) or shall be in writing
and personally delivered, (ii) sent by facsimile transmission (during business hours) if the sender on the same day sends a confirming
copy of such notice by reputable overnight delivery service (charges prepaid), (iii) reputable overnight delivery service (charges
prepaid) or (iv) certified United States mail, postage prepaid return receipt requested, and addressed to the respective parties
at their addresses set forth on Exhibit B hereto, or at such other address as any party shall hereafter inform the other party
by written notice given as aforesaid. All written notices so given shall be deemed effective upon receipt.

Section 29.           
Broker. Each Note Holder represents to each other that it has not dealt with any broker, investment banker, agent or other
person that may be entitled to any commission or compensation in connection with consummation of any of the transactions contemplated
hereby.

    	 	  - 55 -	 

    

    

Section 30.          
  Certain Matters Affecting the Agent.

(a)              
The Agent may request and/or rely upon and shall be protected in acting or refraining from acting upon any documents delivered
to the Agent pursuant to Section 14 and Section 15;

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

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

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

(e)              
The Agent shall not be bound to make any investigation into the facts or matters stated in any documents delivered to the Agent
pursuant to Section 15;

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

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

Section 31.          
  Reserved.

Section 32.             Resignation
or Termination of Agent. The Agent may resign at any time on ten (10) days’ prior notice, so long as a successor Agent, reasonably
satisfactory to the Note Holders (it being agreed that a Servicer, the Trustee or a Certificate Administrator in a Securitization is
satisfactory to the Note Holders), has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. UBS AG, as
Initial Agent, may transfer its rights and obligations to a Servicer, the Trustee or the Certificate Administrator, as successor Agent,
at any time without the consent of any Note Holder. Notwithstanding the foregoing, Note Holders hereby agree that, simultaneously with
the closing of the Lead Securitization, the Master Servicer shall be deemed to have been automatically appointed as the successor Agent
under this Agreement in place of UBS AG, New York Branch without any further notice or other action. The termination or resignation of
such Master Servicer, as Master Servicer under the Lead Securitization Servicing Agreement, shall be deemed a termination or resignation
of such Master Servicer as Agent under this Agreement, and any successor master servicer shall be deemed to have been automatically appointed
as the successor Agent under this Agreement in place thereof without any further notice or other action.

    	 	  - 56 -	 

    

    

Section 33.             Resizing.
Notwithstanding any other provision of this Agreement, for so long as any Note Holder or an affiliate thereof (each, a “Resizing
Entity”) is the owner of any Note that is not included in a Securitization (each, an “Owned Note”), such
Resizing Entity shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Mortgage Loan Borrower to execute
amended and restated notes or additional notes (in each case, as applicable “New Notes”) reallocating the principal
of an Owned Note to such New Notes; or severing an Owned Note into one or more further “component” notes in the aggregate
principal amount equal to the then outstanding principal balance of such Owned Note provided that (i) the aggregate principal
balance of all outstanding New Notes following such amendments is no greater than the aggregate principal of such Owned Note prior to
such amendments, (ii) all Notes continue to have the same weighted average interest rate as the Notes prior to such amendments,
(iii) all Notes pay pro rata and on a pari passu basis and such reallocated or component notes shall be automatically
subject to the terms of this Agreement, and (iv) the Resizing Entity holding the New Notes shall notify the Controlling Note Holder,
the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee in writing of such modified allocations and
principal amounts. If the Lead Securitization Note Holder so requests, the Resizing Entity holding the New Notes (and any subsequent
holder of such Notes) shall execute a confirmation of the continuing applicability of this Agreement to the New Notes, as so modified.
Except for the foregoing reallocation and for modifications pursuant to the Lead Securitization Servicing Agreement (as discussed in
Section 5), no Note may be modified or amended without the consent of its holder and the consent of the holder of each
other Note. In connection with the foregoing, provided the conditions set forth in clauses (i) through (iv) above are satisfied,
the Master Servicer is hereby authorized and directed to execute amendments to the Mortgage Loan Documents and this Agreement on behalf
of any or all of the Note Holders, as applicable, solely for the purpose of reflecting such reallocation of principal and that each New
Note shall be a “Note” hereunder and for purposes of adding and modifying any definitions related thereto. If more than one
New Note is created hereunder, for purposes of exercising the rights of a Controlling Note Holder or Non-Controlling Note Holder hereunder,
the “Controlling Note Holder” or “Non-Controlling Note Holder”, as applicable, shall be as provided in the definitions
of such terms in this Agreement; provided that the Controlling Note Holder shall be entitled to designate any New Note created from the
existing Controlling Note to be a Non-Controlling Note hereunder.

[SIGNATURE PAGE FOLLOWS]

    	 	  - 57 -	 

    

    

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

 

	 	UBS AG, as Note A-1 Holder
	 	 	 
	 	By:	/s/ Andrew Lisa
	 	 	Name:  Andrew Lisa
	 	 	Title:    Director
	 	 	 
	 	By:	/s/ Nicholas Galeone
	 	 	Name: Nicholas Galeone
	 	 	Title: Managing Director
	 	 	 
	 	UBS AG, as Note A-2 Holder
	 	 	 
	 	By:	/s/ Andrew Lisa
	 	 	Name:  Andrew Lisa
	 	 	Title:    Director
	 	 	 
	 	By:	/s/ Nicholas Galeone
	 	 	Name: Nicholas Galeone
	 	 	Title: Managing Director
	 	 	 
	 	UBS AG, as Note A-3 Holder
	 	 	 
	 	By:	/s/ Andrew Lisa
	 	 	Name:  Andrew Lisa
	 	 	Title:    Director
	 	 	 
	 	By:	/s/ Nicholas Galeone
	 	 	Name: Nicholas Galeone
	 	 	Title: Managing Director
	 	 	 

 

3075 Olcott Agreement Between Note Holders

 

    	 	  	 

    

    

	 	UBS AG, as Note A-4 Holder
	 	 	 
	 	By:  	/s/ Andrew Lisa 
	 	 	Name:  Andrew Lisa
	 	 	Title:    Director
	 	 	 
	 	By:  	/s/ Nicholas Galeone 
	 	 	Name: Nicholas Galeone
	 	 	Title: Managing Director
	 	 	 
	 	UBS AG, as Note A-5 Holder
	 	 	 
	 	By:  	/s/ Andrew Lisa  
	 	 	Name:  Andrew Lisa
	 	 	Title:    Director
	 	 	 
	 	By:  	/s/ Nicholas Galeone  
	 	 	Name: Nicholas Galeone
	 	 	Title: Managing Director
	 	 	 
	 	UBS AG, as Note A-6 Holder
	 	 	 
	 	By:  	/s/ Andrew Lisa   
	 	 	Name:  Andrew Lisa
	 	 	Title:    Director
	 	 	 
	 	By:  	/s/ Nicholas Galeone   
	 	 	Name: Nicholas Galeone
	 	 	Title: Managing Director
	 	 	 

  

3075 Olcott Agreement Between Note Holders

    	 	  	 

    

    

 

	 	UBS AG, as Note A-7 Holder
	 	 	 
	 	By:  	/s/ Andrew Lisa    
	 	 	Name:  Andrew Lisa
	 	 	Title:    Director
	 	 	 
	 	By:  	/s/ Nicholas Galeone    
	 	 	Name: Nicholas Galeone
	 	 	Title: Managing Director
	 	 	 
	 	UBS AG, as Note A-8 Holder
	 	 	 
	 	By:  	/s/ Andrew Lisa    
	 	 	Name:  Andrew Lisa
	 	 	Title:    Director
	 	 	 
	 	By:  	/s/ Nicholas Galeone    
	 	 	Name: Nicholas Galeone
	 	 	Title: Managing Director
	 	 	 
	 	UBS AG, as Note A-9 Holder
	 	 	 
	 	By:  	/s/ Andrew Lisa    
	 	 	Name:  Andrew Lisa
	 	 	Title:    Director
	 	 	 
	 	By:  	/s/ Nicholas Galeone    
	 	 	Name: Nicholas Galeone
	 	 	Title: Managing Director
	 	 	 

 

 

3075 Olcott Agreement Between Note Holders

    	 	  	 

    

    

 

	 	UBS AG, as Note A-10 Holder
	 	 	 
	 	By:  	/s/ Andrew Lisa    
	 	 	Name:  Andrew Lisa
	 	 	Title:    Director
	 	 	 
	 	By:  	/s/ Nicholas Galeone    
	 	 	Name: Nicholas Galeone
	 	 	Title: Managing Director
	 	 	 

 

 

3075 Olcott Agreement Between Note Holders

 

    	 	  	 

    

    

EXHIBIT A

MORTGAGE LOAN SCHEDULE

Description of Mortgage Loan

 

	Mortgage Loan Borrower(s):	3075TECH LLC
	Date of Mortgage Loan:	May 8, 2022
	Date of Notes:	May 8, 2022
	Original Principal Amount of Mortgage Loan:	$142,000,000
	Promissory Note A-1 Principal Balance:	$20,000,000
	Promissory Note A-2 Principal Balance:	$20,000,000
	Promissory Note A-3 Principal Balance:	$20,000,000
	Promissory Note A-4 Principal Balance:	$20,000,000
	Promissory Note A-5 Principal Balance:	$15,000,000
	Promissory Note A-6 Principal Balance:	$15,000,000
	Promissory Note A-7 Principal Balance:	$12,000,000
	Promissory Note A-8 Principal Balance:	$10,000,000
	Promissory Note A-9 Principal Balance:	$5,000,000
	Promissory Note A-10 Principal Balance:	$5,000,000
	Location of Mortgaged Property:	
     

    Santa Clara, CA

	Initial Maturity Date:	April 8, 2032

 

    	 	  A-1	 

    

    

EXHIBIT B

 

1.       Note A-1 Holder:

 

(Prior to Securitization of Note A-1):

To UBS AG, New York Branch:

UBS AG, by and through its branch office
at 1285 Avenue of the Americas, New York, New York

1285 Avenue of the Americas

New York, New York 10019

Attention:  Henry Chung

Email:  henry.chung@ubs.com

 

with a copy to:

UBS AG, by and through its branch office
at 1285 Avenue of the Americas, New York, New York

1285 Avenue of the Americas

New York, New York 10019

Attention: Chad Eisenberger

Email: chad.eisenberger@ubs.com

 

with a copy to:

Cadwalader, Wickersham & Taft LLP

200 Liberty Street

New York, New York 10281

Attention: Frank Polverino, Esq.

Facsimile No.: (212) 504-6666

Email: frank.polverino@cwt.com

 

Following Securitization of Note A-1 the applicable notice addresses
set forth in the related Securitization Servicing Agreement.

 

2.       Note A-2 Holder:

 

(Prior to Securitization of Note A-2):

To UBS AG, New York Branch:

UBS AG, by and through its branch office
at 1285 Avenue of the Americas, New York, New York

1285 Avenue of the Americas

    	 	  B-1	 

    

    

New York, New York 10019

Attention:  Henry Chung

Email:  henry.chung@ubs.com

 

with a copy to:

UBS AG, by and through its branch office
at 1285 Avenue of the Americas, New York, New York

1285 Avenue of the Americas

New York, New York 10019

Attention: Chad Eisenberger

Email: chad.eisenberger@ubs.com

 

with a copy to:

Cadwalader, Wickersham & Taft LLP

200 Liberty Street

New York, New York 10281

Attention: Frank Polverino, Esq.

Facsimile No.: (212) 504-6666

Email: frank.polverino@cwt.com

 

Following Securitization of Note A-2 the applicable notice addresses
set forth in the related Securitization Servicing Agreement.

 

3.       Note A-3 Holder:

 

(Prior to Securitization of Note A-3):

To UBS AG, New York Branch:

UBS AG, by and through its branch office
at 1285 Avenue of the Americas, New York, New York

1285 Avenue of the Americas

New York, New York 10019

Attention:  Henry Chung

Email:  henry.chung@ubs.com

 

with a copy to:

UBS AG, by and through its branch office
at 1285 Avenue of the Americas, New York, New York

1285 Avenue of the Americas

New York, New York 10019

Attention: Chad Eisenberger

Email: chad.eisenberger@ubs.com

    	 	  B-2	 

    

    

 

with a copy to:

Cadwalader, Wickersham & Taft LLP

200 Liberty Street

New York, New York 10281

Attention: Frank Polverino, Esq.

Facsimile No.: (212) 504-6666

Email: frank.polverino@cwt.com

 

Following Securitization of Note A-3 the applicable notice addresses
set forth in the related Securitization Servicing Agreement.

 

4.       Note A-4 Holder:

 

(Prior to Securitization of Note A-4):

To UBS AG, New York Branch:

UBS AG, by and through its branch office
at 1285 Avenue of the Americas, New York, New York

1285 Avenue of the Americas

New York, New York 10019

Attention:  Henry Chung

Email:  henry.chung@ubs.com

 

with a copy to:

UBS AG, by and through its branch office
at 1285 Avenue of the Americas, New York, New York

1285 Avenue of the Americas

New York, New York 10019

Attention: Chad Eisenberger

Email: chad.eisenberger@ubs.com

 

with a copy to:

Cadwalader, Wickersham & Taft LLP

200 Liberty Street

New York, New York 10281

Attention: Frank Polverino, Esq.

Facsimile No.: (212) 504-6666

Email: frank.polverino@cwt.com

 

Following Securitization of Note A-4 the applicable notice addresses
set forth in the related Securitization Servicing Agreement.

    	 	  B-3	 

    

    

5.       Note A-5 Holder:

 

(Prior to Securitization of Note A-5):

To UBS AG, New York Branch:

UBS AG, by and through its branch office
at 1285 Avenue of the Americas, New York, New York

1285 Avenue of the Americas

New York, New York 10019

Attention:  Henry Chung

Email:  henry.chung@ubs.com

 

with a copy to:

UBS AG, by and through its branch office
at 1285 Avenue of the Americas, New York, New York

1285 Avenue of the Americas

New York, New York 10019

Attention: Chad Eisenberger

Email: chad.eisenberger@ubs.com

 

with a copy to:

Cadwalader, Wickersham & Taft LLP

200 Liberty Street

New York, New York 10281

Attention: Frank Polverino, Esq.

Facsimile No.: (212) 504-6666

Email: frank.polverino@cwt.com

 

Following Securitization of Note A-5 the applicable notice addresses
set forth in the related Securitization Servicing Agreement.

 

6.       Note A-6 Holder:

 

(Prior to Securitization of Note A-6):

To UBS AG, New York Branch:

UBS AG, by and through its branch office
at 1285 Avenue of the Americas, New York, New York

1285 Avenue of the Americas

New York, New York 10019

Attention:  Henry Chung

Email:  henry.chung@ubs.com

    	 	  B-4	 

    

    

with a copy to:

UBS AG, by and through its branch office
at 1285 Avenue of the Americas, New York, New York

1285 Avenue of the Americas

New York, New York 10019

Attention: Chad Eisenberger

Email: chad.eisenberger@ubs.com

 

with a copy to:

Cadwalader, Wickersham & Taft LLP

200 Liberty Street

New York, New York 10281

Attention: Frank Polverino, Esq.

Facsimile No.: (212) 504-6666

Email: frank.polverino@cwt.com

 

Following Securitization of Note A-6 the applicable notice addresses
set forth in the related Securitization Servicing Agreement.

 

7.       Note A-7 Holder:

 

(Prior to Securitization of Note A-7):

To UBS AG, New York Branch:

UBS AG, by and through its branch office
at 1285 Avenue of the Americas, New York, New York

1285 Avenue of the Americas

New York, New York 10019

Attention:  Henry Chung

Email:  henry.chung@ubs.com

 

with a copy to:

UBS AG, by and through its branch office
at 1285 Avenue of the Americas, New York, New York

1285 Avenue of the Americas

New York, New York 10019

Attention: Chad Eisenberger

Email: chad.eisenberger@ubs.com

 

with a copy to:

    	 	  B-5	 

    

    

Cadwalader, Wickersham & Taft LLP

200 Liberty Street

New York, New York 10281

Attention: Frank Polverino, Esq.

Facsimile No.: (212) 504-6666

Email: frank.polverino@cwt.com

 

Following Securitization of Note A-7 the applicable notice addresses
set forth in the related Securitization Servicing Agreement.

 

8.       Note A-8 Holder:

 

(Prior to Securitization of Note A-8):

To UBS AG, New York Branch:

UBS AG, by and through its branch office
at 1285 Avenue of the Americas, New York, New York

1285 Avenue of the Americas

New York, New York 10019

Attention:  Henry Chung

Email:  henry.chung@ubs.com

 

with a copy to:

UBS AG, by and through its branch office
at 1285 Avenue of the Americas, New York, New York

1285 Avenue of the Americas

New York, New York 10019

Attention: Chad Eisenberger

Email: chad.eisenberger@ubs.com

 

with a copy to:

Cadwalader, Wickersham & Taft LLP

200 Liberty Street

New York, New York 10281

Attention: Frank Polverino, Esq.

Facsimile No.: (212) 504-6666

Email: frank.polverino@cwt.com

 

Following Securitization of Note A-8 the applicable notice addresses
set forth in the related Securitization Servicing Agreement.

    	 	  B-6	 

    

    

 9.       Note
A-9 Holder:

 

(Prior to Securitization of Note A-9):

To UBS AG, New York Branch:

UBS AG, by and through its branch office
at 1285 Avenue of the Americas, New York, New York

1285 Avenue of the Americas

New York, New York 10019

Attention:  Henry Chung

Email:  henry.chung@ubs.com

 

with a copy to:

UBS AG, by and through its branch office
at 1285 Avenue of the Americas, New York, New York

1285 Avenue of the Americas

New York, New York 10019

Attention: Chad Eisenberger

Email: chad.eisenberger@ubs.com

 

with a copy to:

Cadwalader, Wickersham & Taft LLP

200 Liberty Street

New York, New York 10281

Attention: Frank Polverino, Esq.

Facsimile No.: (212) 504-6666

Email: frank.polverino@cwt.com

 

Following Securitization of Note A-9 the applicable notice addresses
set forth in the related Securitization Servicing Agreement.

 

10.       Note A-10 Holder:

 

(Prior to Securitization of Note A-10):

To UBS AG, New York Branch:

UBS AG, by and through its branch office
at 1285 Avenue of the Americas, New York, New York

1285 Avenue of the Americas

New York, New York 10019

    	 	  B-7	 

    

    

Attention:  Henry Chung

Email:  henry.chung@ubs.com

 

with a copy to:

UBS AG, by and through its branch office
at 1285 Avenue of the Americas, New York, New York

1285 Avenue of the Americas

New York, New York 10019

Attention: Chad Eisenberger

Email: chad.eisenberger@ubs.com

 

with a copy to:

Cadwalader, Wickersham & Taft LLP

200 Liberty Street

New York, New York 10281

Attention: Frank Polverino, Esq.

Facsimile No.: (212) 504-6666

Email: frank.polverino@cwt.com

 

Following Securitization of Note A-10 the applicable notice addresses
set forth in the related Securitization Servicing Agreement.

    	 	  B-8	 

    

    

  

EXHIBIT C

PERMITTED FUND MANAGERS

		1.	Alliance Bernstein

		2.	Annaly Capital Management

		3.	Apollo Real Estate Advisors

		4.	Archon Capital, L.P.

		5.	AREA Property Partners

		6.	Artemis Real Estate Partners

		7.	BlackRock, Inc.

		8.	Capital Trust, Inc.

		9.	Clarion Partners

		10.	Colony Capital, LLC / Colony Financial, Inc.

		11.	CreXus Investment Corporation/Annaly Capital Management

		12.	DLJ Real Estate Capital Partners

		13.	Dune Real Estate Partners

		14.	Eightfold Real Estate Capital, L.P.

		15.	Five Mile Capital Partners

		16.	Fortress Investment Group, LLC

		17.	Garrison Investment Group

		18.	Goldman, Sachs & Co.

		19.	H/2 Capital Partners LLC

		20.	Hudson Advisors

		21.	Investcorp International

		22.	iStar Financial Inc.

		23.	J.P. Morgan Investment Management Inc.

		24.	JER Partners

		25.	KKR Real Estate Manager Finance LLC

		26.	Lend-Lease Real Estate Investments

		27.	Libremax Capital LLC

		28.	LoanCore Capital

		29.	Lone Star Funds

		30.	Lowe Enterprises

		31.	Normandy Real Estate Partners

		32.	One William Street Capital Management, L.P.

		33.	Och-Ziff Capital Management Group/ OZ Management, L.P./ OZ Management II., L.P.

		34.	Praedium Group

		35.	Raith Capital Partners, LLC

		36.	Rialto Capital Management, LLC

		37.	Rialto Capital Advisors LLC

		38.	Rimrock Capital Management LLC

		39.	Rockpoint Group

		40.	Rockwood

		41.	RREEF Funds

		42.	Square Mile Capital Management

		43.	Starwood Capital Group/Starwood Financial Trust

		44.	The Blackstone Group

		45.	The Carlyle Group

		46.	Torchlight Investors

		47.	Walton Street Capital, L.L.C.

		48.	Westbrook Partners

		49.	WestRiver Capital

		50.	Wheelock Street Capital

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

 

    	 	  C-1Exhibit 4.13

EXECUTION VERSION

 

CO-LENDER AGREEMENT

Dated as of June 13, 2022

by and among

NATIXIS REAL ESTATE CAPITAL LLC

(Note A-A-1 Holder)

NATIXIS REAL ESTATE CAPITAL LLC

(Note A-A-2 Holder)

NATIXIS REAL ESTATE CAPITAL LLC

(Note A-A-3 Holder)

NATIXIS REAL ESTATE CAPITAL LLC

(Note A-A-4 Holder)

and

NATIXIS REAL ESTATE CAPITAL LLC

(Note A-B Holder)

70 Hudson Street, Jersey City, New Jersey

     

    	 

    

TABLE OF CONTENTS

 

	 	 	Page
	Section 1.	Definitions; Conflicts.	2
	Section 2.	Servicing.	20
	Section 3.	Payments Prior to a Sequential Pay Event.	22
	Section 4.	Payments Following a Sequential Pay Event.	24
	Section 5.	Administration of the Mortgage Loan.	26
	Section 6.	Appointment of the Controlling Noteholder Representative.	34
	Section 7.	Special Servicer.	35
	Section 8.	Payment Procedure.	36
	Section 9.	Limitation on Liability of the Noteholders.	37
	Section 10.	Bankruptcy.	38
	Section 11.	Cure Rights of the Note A-B Holder.	39
	Section 12.	Purchase of the Senior Notes by the Note A-B Holder.	40
	Section 13.	Representations of the Note A-B Holder.	41
	Section 14.	Representations of the Senior Noteholders.	42
	Section 15.	Independent Analysis of the Note A-B Holder.	42
	Section 16.	No Creation of a Partnership or Exclusive Purchase Right.	43
	Section 17.	Not a Security.	43
	Section 18.	Other Business Activities of the Noteholders.	43
	Section 19.	Sale of the Senior Notes and Note A-B.	43
	Section 20.	Registration of Transfer.	47
	Section 21.	Registration of the Senior Notes and Note A-B.	47
	Section 22.	Statement of Intent.	48
	Section 23.	No Pledge.	48
	Section 24.	Governing Law; Waiver of Jury Trial.	48
	Section 25.	Submission To Jurisdiction; Waivers.	48
	Section 26.	Modifications; Amendment.	49
	Section 27.	Successors and Assigns; Third Party Beneficiaries.	49
	Section 28.	Counterparts.	49
	Section 29.	Captions.	49
	Section 30.	Severability.	49
	Section 31.	Entire Agreement.	50
	Section 32.	Withholding Taxes.	50
	Section 33.	Custody of Mortgage Loan Documents.	51
	Section 34.	Notices.	51
	Section 35.	Broker.	51
	Section 36.	[Reserved].	51
	Section 37.	Certain Matters Affecting the Agent.	51
	Section 38.	Termination of Agent.	52
	Section 39.	Servicing of the Loan.	52
	Section 40.	Conflict.	53
	Section 41.	Resizing.	53

 

    i 

    	 

    

THIS CO-LENDER AGREEMENT (the “Agreement”),
dated as of June 13, 2022, by and among NATIXIS REAL ESTATE CAPITAL LLC, a Delaware limited liability company (“Natixis”),
having an address at 1251 Avenue of the Americas, New York, New York 10020 (in its capacity as the initial owner of Note A-A-1, the “Initial
Note A-A-1 Holder”, and in its capacity as the initial agent, the “Initial Agent”), Natixis, having an address
at 1251 Avenue of the Americas, New York, New York 10020 (in its capacity as the initial owner of Note A-A-2, the “Initial Note
A-A-2 Holder”), Natixis, having an address at 1251 Avenue of the Americas, New York, New York 10020 (in its capacity as the
initial owner of Note A-A-3, the “Initial Note A-A-3 Holder”), Natixis, having an address at 1251 Avenue of the Americas,
New York, New York 10020 (in its capacity as the initial owner of Note A-A-4, the “Initial Note A-A-4 Holder”), and
Natixis, having an address at 1251 Avenue of the Americas, New York, New York 10020 (in its capacity as the initial owner of Note A-B,
the “Initial Note A-B Holder”).

W I T N E S S E T H:

WHEREAS, pursuant to the
Loan Agreement (as defined herein) Natixis originated a certain loan (the “Mortgage Loan”) described on the schedule
attached hereto as Exhibit A (the “Mortgage Loan Schedule”) to the mortgage loan borrower(s) described on the
Mortgage Loan Schedule (the “Mortgage Loan Borrower”), which is presently evidenced by the following five promissory
notes (each a “Note” and, collectively, the “Notes”):

		●	Promissory Note A-A-1 in the original principal amount of $48,000,000 (as amended, modified or supplemented,
the “Note A-A-1”);

		●	Promissory Note A-A-2 in the original principal amount of $48,000,000 (as amended, modified or supplemented,
the “Note A-A-2”);

		●	Promissory Note A-A-3 in the original principal amount of $12,000,000 (as amended, modified or supplemented,
the “Note A-A-3”);

		●	Promissory Note A-A-4 in the original principal amount of $12,000,000 (as amended, modified or supplemented,
the “Note A-A-4” and, together with Note A-A-1, Note A-A-2 and Note A-A-3, each a “Senior Note”
and collectively the “Senior Notes”); and

		●	Promissory Note A-B in the original principal amount of $76,850,000 (as amended, modified or supplemented,
the “Note A-B”);

WHEREAS, the Notes are secured
by a certain first deed of trust lien (as amended, modified or supplemented, the “Mortgage”) on one or more parcels
of, or estates in, real property located as described on the Mortgage Loan Schedule (collectively, the “Mortgaged Property”);

WHEREAS, Natixis intends
to sell, transfer and assign all of its right, title and interest in and to Note A-A-2 to Barclays Commercial Mortgage Securities LLC
(“BCMS”), as depositor, pursuant to a Mortgage Loan Purchase Agreement to be dated on or about June 28, 2022, by and
between BCMS, as purchaser, and Natixis, as seller, and BCMS, as purchaser,

     

    	 

    

intends to transfer its right, title and interest
in and to Note A-A-2 to Wilmington Trust, National Association, as trustee for the BBCMS 2022-C16 Mortgage Trust under a pooling and servicing
agreement, to be dated on or about June 28, 2022 (the “BBCMS 2022-C16 PSA”), among BCMS, as depositor, Midland Loan
Services, a Division of PNC Bank, National Association, as master servicer, LNR Partners, LLC as special servicer, Park Bridge Lender
Services LLC, as operating advisor and as asset representations reviewer and Computershare Trust Company, National Association, as certificate
administrator (such sales, transfers and assignments, the “Note A-A-2 Securitization”);

WHEREAS, the Initial Note
A-A-1 Holder, the Initial Note A-A-2 Holder, the Initial Note A-A-3 Holder, the Initial Note A-A-4 Holder and the Initial Note A-B Holder
desire to enter into this Agreement to memorialize the terms under which they and their successors and assigns shall hold Note A-A-1,
Note A-A-2, Note A-A-3, Note A-A-4 and Note A-B, respectively.

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

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

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

“Additional Servicing
Expenses” shall mean (a) all property protection advances, fees and/or expenses related to the Mortgage Loan incurred by and
reimbursable to any Servicer, Trustee, Operating Advisor or Certificate Administrator pursuant to the Servicing Agreement, and (b) all
interest accrued on Advances made with respect to the Mortgage Loan by (x) any Servicer or Trustee in accordance with the terms of the
Servicing Agreement or (y) any Non-Lead Servicer or Non-Lead Trustee in accordance with the terms of the Non-Lead Securitization Servicing
Agreement; provided that: (i) the aggregate special servicing fee (which fee is payable solely during the period that the Mortgage Loan
is specially serviced) shall not exceed 0.25% (subject to industry standard monthly floor amounts, if so provided in the Servicing Agreement),
(ii) the special servicing liquidation fee (or equivalent) shall not exceed 1.00% of the collections made with respect to the Mortgage
Loan or any sums received from proceeds from the disposition of the Mortgaged Property or the Mortgage Loan, as the case may be; and (iii)
the special servicing workout fee (or equivalent) shall not exceed 1.00% of the collections made with respect to the Mortgage Loan while
the Mortgage Loan is a performing or Corrected Mortgage Loan (or such other analogous term pursuant to the Servicing Agreement); and,
provided further that the workout fee and the liquidation fee shall not be payable with respect to

    2 

    	 

    

the same payment or with respect to the same
period of time, or otherwise simultaneously or duplicatively.

“Advance Interest
Amount” shall mean interest payable on Advances, as specified in the Servicing Agreement or the Non-Lead Securitization Servicing
Agreement, as applicable.

“Advances”
shall have the meaning assigned to such term or an analogous term in the Servicing Agreement or the Non-Lead Securitization Servicing
Agreement, as applicable.

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

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

“Agent Office”
shall mean the designated office of the Agent in the State of New York, which office as of the date of this Agreement is located at Natixis
Real Estate Capital LLC, 1251 Avenue of the Americas, New York, New York 10020, and which is the address to which notices to and correspondence
with the Agent should be directed. The Agent may change the address of its designated office by notice to the Noteholders sent in accordance
with this Agreement.

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

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

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

“Appraisal Review
Period” shall have the meaning assigned to such term in Section 5(h)(ii).

“Appraised-Out Holder”
shall have the meaning assigned to such term in Section 5(h)(i).

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

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

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

    3 

    	 

    

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

“Certificate Administrator”
shall mean the certificate administrator under the Servicing Agreement, if any.

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

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

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

“Collection Account”
shall mean the trust account or accounts (including any sub-accounts) created and maintained by the Servicer.

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

“Conduit”
shall have the meaning assigned to such term in Section 19(h).

“Conduit Credit
Enhancer” shall have the meaning assigned to such term in Section 19(h).

“Conduit Inventory
Loan” shall have the meaning assigned to such term in Section 19(h).

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

“Control Appraisal
Period” means any period, with respect to the Mortgage Loan, if and for so long as:

(a)               
(1) the initial Note A-B Principal Balance minus (2) the sum (without duplication) of (x) any payments of principal (whether
as principal prepayments or otherwise) allocated to, and received on, Note A-B after the date of creation of Note A-B, (y) any Appraisal
Reduction Amount for the Mortgage Loan that is allocated to Note A-B and (z) any losses realized with respect to any Mortgaged Property
or the Mortgage Loan that are allocated to Note A-B, plus (3) the Threshold Event Collateral then held by the Servicer, is less
than

    4 

    	 

    

(b)              
 twenty-five percent (25%) of the remainder of the (i) initial Note A-B Principal Balance less (ii) any payments of principal (whether
as principal prepayments or otherwise) allocated to, and received by, the Note A-B Holder on Note A-B after the date of creation of Note
A-B.

“Controlling Noteholder”
shall mean as of any date of determination (i) the Note A-B Holder, unless a Control Appraisal Period has occurred and is continuing or
(ii) if a Control Appraisal Period has occurred and is continuing, the Note A-A-1 Holder; provided that, if the Note A-B Holder
would be the Controlling Noteholder pursuant to the terms hereof, but any interest in the Note of the Note A-B Holder is held by the Mortgage
Loan Borrower or a Mortgage Loan Borrower Related Party, or the Mortgage Loan Borrower or Mortgage Loan Borrower Related Party would otherwise
be entitled to exercise the rights of the Controlling Noteholder, a Control Appraisal Period shall be deemed to have occurred with respect
to the Note A-B Holder. As of the date of this Agreement, the Controlling Noteholder will be the Note A-B Holder. At any time that the
Note A-A-1 Holder is the Controlling Noteholder and Note A-A-1 is included in a Securitization, the rights of the “Controlling Noteholder”
may be exercised by the holders of the majority of the class of securities issued in such Securitization designated as the “controlling
class” or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Noteholder”
hereunder, as and to the extent provided in the Servicing Agreement (and the applicable Servicing Agreement shall contain limitations
on the rights of the Controlling Noteholder that can be exercised by a certificate holder that is the Mortgage Loan Borrower or has certain
relationships with the Mortgage Loan Borrower).

“Controlling Noteholder
Representative” shall mean, with respect to the Mortgage Loan, the advisor appointed pursuant to Section 6(a).

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

“Credit Risk Retention
Rule” shall mean Section 15G of the Exchange Act as added by Section 941 of the Dodd-Frank Act and implemented by Regulation
RR (15 U.S.C. §78o-11).

“Cure Period”
shall have the meaning assigned to such term in Section 11(a).

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

“Default Interest”
shall mean interest on the Mortgage Loan at a rate per annum equal to the Note Default Interest Spread.

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

“Defaulted Mortgage
Loan Purchase Price” shall mean the sum, without duplication, of (a) the Principal Balance of the Senior Notes, (b) accrued
and unpaid interest on the Senior Notes at the Senior Note Rate, from the date as to which interest was last paid in full by Mortgage
Loan Borrower up to and including the end of the interest accrual period relating to the Monthly Payment Date next following the date
the purchase occurred, (c) any other amounts

    5 

    	 

    

due under the Mortgage Loan, other than Prepayment
Premiums, default interest, late fees, exit fees and any other similar fees, provided that if the Mortgage Loan Borrower or a Mortgage
Loan Borrower Related Party is the purchaser, the Defaulted Mortgage Loan Purchase Price shall include Prepayment Premiums, default interest,
late fees, exit fees and any other similar fees, (d) any unreimbursed property protection or servicing Advances and any expenses
incurred in enforcing the Mortgage Loan Documents (including, without limitation, servicing Advances payable or reimbursable to any Servicer,
and earned and unpaid special servicing fees), (e) any accrued and unpaid Advance Interest Amount, (f) (i) if the Mortgage Loan Borrower
or a Mortgage Loan Borrower Related Party is the purchaser or (ii) if the Senior Notes are purchased after ninety (90) days after such
option first becomes exercisable pursuant to Section 12 of this Agreement, any liquidation or workout fees payable under the Servicing
Agreement and (g)  any Recovered Costs not reimbursed previously to the Senior Noteholders pursuant to this Agreement. If the Mortgage
Loan is converted into a REO Property, for purposes of determining the Defaulted Mortgage Loan Purchase Price, interest will be deemed
to continue to accrue at the Senior Note Rate on the Senior Note Principal Balance, as if the Mortgage Loan were not so converted. In
no event shall the Defaulted Mortgage Loan Purchase Price include amounts due or payable to the Note A-B Holder under this Agreement.

“Defaulted Note
Purchase Date” shall have the meaning assigned to such term in Section 12.

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

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

“Event of Default”
shall have the meaning assigned to such term in the Loan Agreement.

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

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

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

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

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

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

    6 

    	 

    

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

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

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

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

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

“Interest Rate”
shall have the meaning assigned to such term or an analogous term in the Mortgage Loan Documents.

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

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

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

“Lead Senior Note”
shall mean during the period (i) from and after the Note A-A-2 Securitization and prior to the Note A-A-1 Securitization, Note A-A-2 and
(ii) from and after the Note A-A-1 Securitization, Note A-A-1.

    7 

    	 

    

“Lead Senior Noteholder”
shall mean the holder of the Lead Senior Note.

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

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

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

“Loan Agreement”
shall mean that certain Loan Agreement, dated as of February 11, 2022, between Natixis, as lender, and 70 Hudson LLC, as borrower, as
the same may be further amended, restated, renewed, extended, modified or supplemented from time to time, subject to the terms hereof.

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

“Master Servicer”
shall have the meaning assigned to such term in the Servicing Agreement.

“Master Servicer
Remittance Date” shall mean:

(a)               
with respect to the Lead Senior Note and Note A-B, the “Remittance Date” (or analogous term) as defined in the Servicing
Agreement; and

(b)              
with respect to the Non-Lead Senior Note, the earlier of (a) the “Remittance Date” (or analogous term) as defined in
the Servicing Agreement or (b) the first Business Day after the “Determination Date,” (or analogous term) as defined in the
Servicing Agreement, provided, however, that no remittance is required to be made until two Business Days after receipt
of the scheduled Monthly Payment with respect to the Mortgage Loan.

“Monetary Default”
shall have the meaning assigned to such term in Section 11(a).

“Monetary Default
Notice” shall have the meaning assigned to such term in Section 11(a).

“Monthly Debt Service
Payment Amount” shall have the meaning assigned to such term or an analogous term in the Loan Agreement.

    8 

    	 

    

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

“Monthly Payment
Date” shall mean the “Payment Date” (as defined in the Mortgage Loan Documents).

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

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

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

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

“Mortgage Loan Borrower
Related Party” shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.

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

“Mortgage Loan Rate”
shall mean, as of any date of determination, the weighted average of the Senior Note Rate and the Note A-B Rate.

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

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

“Natixis”
shall mean Natixis Real Estate Capital LLC, and its successors in interest.

“Net Note A-B Rate”
shall mean the Note A-B Rate minus the Servicing Fee Rate.

“Net Senior Note
Rate” shall mean the Senior Note Rate minus the Servicing Fee Rate.

“New Notes”
shall have the meaning assigned to such term in Section 41.

“Non-Controlling
Senior Noteholder” shall mean each of the Note A-A-1 Holder (solely during such time as the Note A-B Holder is the Controlling
Noteholder), the Note A-A-2 Holder, the Note A-A-3 Holder and the Note A-A-4 Holder.

“Non-Exempt Person”
shall mean any Person other than a Person who is either (i) a U.S. Person or (ii) has on file with the Agent for the relevant year
such duly-executed

    9 

    	 

    

form(s) or statement(s) which may, from time
to time, be prescribed by law and which, pursuant to applicable provisions of (A) any income tax treaty between the United States and
the country of residence of such Person, (B) the Code or (C) any applicable rules or regulations in effect under clauses (A) or (B)
above, permit the Lead Senior Noteholder to make such payments free of any obligation or liability for withholding.

“Non-Lead Master
Servicer” shall mean (i) from and after the Note A-A-2 Securitization and prior to the Note A-A-1 Securitization, the master
servicer designated under the Note A-A-1 PSA, the Note A-A-3 PSA or the Note A-A-4 PSA and (ii) from and after the Note A-A-1 Securitization,
the master servicer designated under the Note A-A-2 PSA, the Note A-A-3 PSA or the Note A-A-4 PSA.

“Non-Lead Securitization”
shall mean any Securitization of the Note A-A-2, Note A-A-3 or Note A-A-4 in a Securitization Trust that is not the Lead Securitization.

“Non-Lead Securitization
Servicing Agreement” shall mean the servicing agreement for the related Non-Lead Securitization.

“Non-Lead Senior
Note” shall mean during the period (i) from and after the Note A-A-2 Securitization and prior to the Note A-A-1 Securitization,
each of Note A-A-1, Note A-A-3 and Note A-A-4 and (ii) from and after the Note A-A-1 Securitization, each of Note A-A-2, Note A-A-3 and
Note A-A-4.

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

“Non-Lead Servicer”
shall mean the Non-Lead Master Servicer or Non-Lead Special Servicer, as applicable.

“Non-Lead Special
Servicer” shall mean (i) from and after the Note A-A-2 Securitization and prior to the Note A-A-1 Securitization, the special
servicer designated under the Note A-A-1 PSA, the Note A-A-3 PSA or the Note A-A-4 PSA and (ii) from and after the Note A-A-1 Securitization,
the special servicer designated under the Note A-A-2 PSA, the Note A-A-3 PSA or the Note A-A-4 PSA.

“Non-Lead Trustee”
shall mean (i) from and after the Note A-A-2 Securitization and prior to the Note A-A-1 Securitization, the trustee designated under the
Note A-A-1 PSA, the Note A-A-3 PSA or the Note A-A-4 PSA and (ii) from and after the Note A-A-1 Securitization, the trustee designated
under the Note A-A-2 PSA, the Note A-A-3 PSA or the Note A-A-4 PSA.

“Non-Monetary Default”
shall have the meaning assigned to such term in Section 11(d).

“Non-Monetary Default
Cure Period” shall have the meaning assigned to such term in Section 11(d).

    10 

    	 

    

“Non-Monetary Default
Notice” shall have the meaning assigned to such term in Section 11(d).

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

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

“Note A-A-1 Holder”
shall mean the Initial Note A-A-1 Holder, or any subsequent holder of Note A-A-1, together with its successors and assigns.

“Note A-A-1 Percentage
Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the Note A-A-1 Principal Balance and the
denominator of which is the sum of the Note A-A-1 Principal Balance, the Note A-A-2 Principal Balance, the Note A-A-3 Principal Balance,
the Note A-A-4 Principal Balance and the Note A-B Principal Balance.

“Note A-A-1 Principal
Balance” shall mean at any time of determination, the initial Note A-A-1 Principal Balance set forth on the Mortgage Loan Schedule,
less any payments of principal thereon received by the Note A-A-1 Holder or reductions in such amount pursuant to Section 3, 4 or 5, as
applicable.

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

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

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

“Note A-A-2 Holder”
shall mean the Initial Note A-A-2 Holder, or any subsequent holder of Note A-A-2, together with its successors and assigns.

“Note A-A-2 Percentage
Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the Note A-A-2 Principal Balance and the
denominator of which is the sum of the Note A-A-1 Principal Balance, the Note A-A-2 Principal Balance, the Note A-A-3 Principal Balance,
the Note A-A-4 Principal Balance and the Note A-B Principal Balance.

“Note A-A-2 Principal
Balance” shall mean, at any time of determination, the initial Note A-A-2 Principal Balance set forth on the Mortgage Loan Schedule,
less any payments of principal thereon received by the Note A-A-2 Holder or reductions in such amount pursuant to Section 3, 4 or 5, as
applicable.

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

    11 

    	 

    

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

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

“Note A-A-3 Holder”
shall mean the Initial Note A-A-3 Holder, or any subsequent holder of Note A-A-3, together with its successors and assigns.

“Note A-A-3 Percentage
Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the Note A-A-3 Principal Balance and the
denominator of which is the sum of the Note A-A-1 Principal Balance, the Note A-A-2 Principal Balance, the Note A-A-3 Principal Balance,
the Note A-A-4 Principal Balance and the Note A-B Principal Balance.

“Note A-A-3 Principal
Balance” shall mean, at any time of determination, the initial Note A-A-2 Principal Balance set forth on the Mortgage Loan Schedule,
less any payments of principal thereon received by the Note A-A-3 Holder or reductions in such amount pursuant to Section 3, 4 or 5, as
applicable.

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

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

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

“Note A-A-4 Holder”
shall mean the Initial Note A-A-4 Holder, or any subsequent holder of Note A-A-4, together with its successors and assigns.

“Note A-A-4 Percentage
Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the Note A-A-4 Principal Balance and the
denominator of which is the sum of the Note A-A-1 Principal Balance, the Note A-A-2 Principal Balance, the Note A-A-3 Principal Balance,
the Note A-A-4 Principal Balance and the Note A-B Principal Balance.

“Note A-A-4 Principal
Balance” shall mean, at any time of determination, the initial Note A-A-4 Principal Balance set forth on the Mortgage Loan Schedule,
less any payments of principal thereon received by the Note A-A-4 Holder or reductions in such amount pursuant to Section 3, 4 or 5, as
applicable.

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

    12 

    	 

    

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

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

“Note A-B Holder”
shall mean the Initial Note A-B Holder, or any subsequent holder of Note A-B, together with its successors and assigns.

“Note A-B Percentage
Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the Note A-B Principal Balance and the
denominator of which is the sum of the Note A-A-1 Principal Balance, the Note A-A-2 Principal Balance, the Note A-A-3 Principal Balance,
the Note A-A-4 Principal Balance and the Note A-B Principal Balance.

“Note A-B Principal
Balance” shall mean, at any time of determination, the initial Note A-B Principal Balance set forth on the Mortgage Loan Schedule,
less any payments of principal thereon received by the Note A-B Holder or reductions in such amount pursuant to Section 3, 4 or 5, as
applicable.

“Note A-B Rate”
shall mean the Note A-B Rate set forth on the Mortgage Loan Schedule.

“Note A-B Relative
Spread” shall mean the ratio of the Note A-B Rate to the Mortgage Loan Rate.

“Note Default Interest
Spread” shall mean the Note Default Interest Spread set forth on the Mortgage Loan Schedule.

“Note Pledgee”
shall have the meaning assigned to such term in Section 19(g).

“Note Register”
shall have the meaning assigned to such term in Section 21.

“Noteholder”
shall mean any of the Note A-A-1 Holder, the Note A-A-2 Holder, the Note A-A-3 Holder, the Note A-A-4 Holder and the Note A-B Holder,
as applicable.

“Noteholder Purchase
Notice” has the meaning assigned to such term in Section 12.

“Operating Advisor”
shall mean the operating advisor under the Servicing Agreement, if any.

“Original Entity”
shall have the meaning assigned to such term in Section 41.

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

“Owned Note”
shall have the meaning assigned to such term in Section 41.

“P&I Advance”
shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.

    13 

    	 

    

“Percentage Interest”
shall mean, with respect to the Note A-A-1 Holder, the Note A-A-1 Percentage Interest, with respect to the Note A-A-2 Holder, the Note
A-A-2 Percentage Interest, with respect to the Note A-A-3 Holder, the Note A-A-3 Percentage Interest, with respect to the Note A-A-4 Holder,
the Note A-A-4 Percentage Interest and with respect to the Note A-B Holder, the Note A-B Percentage Interest, as each may be adjusted
from time to time.

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

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

“Pledge”
shall have the meaning assigned to such term in Section 19(g).

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

“Principal Balance”
shall mean any of the Note A-A-1 Principal Balance, the Note A-A-2 Principal Balance, the Note A-A-3 Principal Balance, the Note A-A-4
Principal Balance and/or the Note A-B Principal Balance, as applicable.

“Qualified Transferee”
shall mean each of:

(a)   
the Initial Noteholders;

(b)  
any other Person that is an entity Controlled (as defined below) by, under common Control with or Controlling of any of the Initial
Noteholders; or

(c)   
one or more of the following:

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

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

    14 

    	 

    

(iii)           
 a Qualified Trustee (or in the case of a CLO, a single purpose bankruptcy remote entity that contemporaneously assigns or pledges
the Note, or a participation interest therein (or any portion thereof) to a Qualified Trustee) in connection with (a) a securitization
of, (b) the creation of collateralized debt obligations (“CLO”) secured by, or (c) a financing through an
“owner trust” of, a Note or any interest therein (any of the foregoing, a “Securitization Vehicle”), provided
that (1) one or more classes of securities issued by such Securitization Vehicle is initially rated at least investment grade
by two nationally recognized credit rating agencies; (2) the special servicer of such Securitization Vehicle has a Required Special
Servicer Rating or is otherwise acceptable to the Rating Agencies rating each Securitization (such entity, an “Approved Servicer”)
and such Approved Servicer is required to service and administer such Note or any interest therein in accordance with servicing arrangements
for the assets held by the Securitization Vehicle which require that such Approved Servicer act in accordance with a servicing standard
notwithstanding any contrary direction or instruction from any other Person; or (3) in the case of a Securitization Vehicle that
is a CLO, the CLO Asset Manager and, if applicable, each Intervening Trust Vehicle that is not administered and managed by a CLO Asset
Manager that is a Qualified Transferee, are each a Qualified Transferee under clauses (i), (ii), (iv) or (v) of this definition,
or

(iv)           
an investment fund, limited liability company, limited partnership or general partnership having capital and/or capital commitments
of at least $100,000,000, in which (A) any Initial Noteholder, (B) a person that is otherwise a Qualified Transferee under clause (i),
(ii) or (v) (with respect to an institution substantially similar to the entities referred to in clause (i) or (ii) above) or clause (d)
below (with respect to an entity Controlled by an entity referred to in clause (i), (ii) or (v) (with respect to an institution substantially
similar to the entities referred to in clause (i) or (ii) above)), or (C) a Permitted Fund Manager, acts as a general partner, managing
member, or the fund manager responsible for the day-to-day management and operation of such investment vehicle, or

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

(vi)           
any Person that is otherwise a Qualified Transferee but is acting in an agency capacity in connection with a lending syndicate,
so long as more than fifty percent (50%) of the lenders in the lending syndicate (by loan balance or committed loan amounts) are Qualified
Transferees, or

(vii)           
a private trust established and authorized under the laws of the Republic of Korea (an “Acquiring Korean Trust”),
so long as the beneficiaries of, and owners of not less than 51% of the equity interest in, the Acquiring Korean Trust are, directly or
indirectly, Persons that are otherwise Qualified Transferees and satisfy the capital surplus/equity and total asset requirements set forth
below, and

    15 

    	 

    

in the case of any entity referred to in clause (c)(i),
(ii), (iv)(B) or (v) of this definition, (x) such entity or parent has at least $100,000,000 in capital/statutory surplus or shareholders’
equity including uncalled capital commitments (except with respect to a pension advisory firm, asset manager or similar fiduciary) and
at least $250,000,000 in total assets including uncalled capital commitments (in name or under management), and (y) is regularly
engaged in the business of making or owning commercial real estate loans (or interests therein) (or in the case of a pension advisory
firm, asset manager or similar fiduciary, is regularly engaged in managing investments in commercial real estate loans) similar to the
Mortgage Loan (or mezzanine loans with respect thereto) or owning or operating commercial real estate properties; provided that,
in the case of the entity described in clause (iv)(B) above, the requirements of this clause (y) may be satisfied by a
general partner, managing member, or the fund manager responsible for the day-to-day management and operation of such entity; or

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

For purposes of this definition
only, “Control” means the ownership, directly or indirectly, in the aggregate of more than fifty percent (50%) of the
beneficial ownership interests of an entity or the possession, directly or indirectly, of the power to direct or cause the direction of
the management or policies of an entity, whether through the ability to exercise voting power, by contract or otherwise (“Controlled”
and “Controlling” have the meaning correlative thereto).

“Qualified Trustee”
shall mean (i) a corporation, national bank, national banking association or a trust company, organized and doing business under the laws
of any state or the United States of America, authorized under such laws to exercise corporate trust powers and to accept the trust conferred,
having a combined capital and surplus of at least $100,000,000 and subject to supervision or examination by federal or state authority,
(ii) an institution insured by the Federal Deposit Insurance Corporation or (iii) an institution whose long-term senior unsecured debt
is then rated in one of the top two rating categories of each of the applicable Rating Agencies.

“Rating Agencies”
shall mean any of (a) S&P, (b) Moody’s, (c) Fitch, (d) DBRS Morningstar, (e) Kroll, or, if any of such entities shall for any
reason no longer perform the functions of a securities rating agency, any other nationally recognized statistical rating agency designated
by a Senior Noteholder; provided, however, that at any time during which a Senior Note is an asset of a Securitization,
“Rating Agencies” or “Rating Agency” shall have the meaning assigned to such term in the Servicing Agreement.

“Rating Agency Confirmation”
shall have the meaning given thereto or any analogous term in the Servicing Agreement, including any deemed Rating Agency Confirmation.

“Recovered Costs”
shall mean any amounts referred to in clauses (d) and/or (e) of the definition of “Defaulted Mortgage Loan Purchase Price”
that, at the time of determination, had been previously paid or reimbursed to any Servicer from sources other than collections on or

    16 

    	 

    

in respect of the Mortgage Loan or the Mortgaged
Property (including, without limitation, from collections on or in respect of loans other than the Mortgage Loan).

“Redirection Notice”
shall have the meaning assigned to such term in Section 19(g).

“REMIC”
shall mean a real estate mortgage investment conduit within the meaning of Section 860D(a) of the Code.

“REMIC Provisions”
shall mean provisions of the federal income tax law relating to real estate mortgage investment conduits, which appear at Sections 860A
through 860G of subchapter M of Chapter 1 of the Code, and related provisions, and regulations (including any applicable proposed regulations)
and rulings promulgated thereunder, as the foregoing may be in effect from time to time.

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

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

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

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

    17 

    	 

    

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

“Securitization
Date” shall mean the effective date on which the Securitization of a Senior Note or portion thereof is consummated.

“Securitization
Trust” shall mean a trust formed pursuant to a Securitization in which a Senior Note is held.

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

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

“Senior Noteholder”
shall mean each of the Initial Note A-A-1 Holder, the Initial Note A-A-2 Holder, or any subsequent holder of a Senior Note.

“Senior Note Percentage
Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the sum of the Note A-A-1 Principal Balance,
the Note A-A-2 Principal Balance, the Note A-A-3 Principal Balance and the Note A-A-4 Principal Balance and the denominator of which is
the sum of the Note A-A-1 Principal Balance, the Note A-A-2 Principal Balance, the Note A-A-3 Principal Balance, the Note A-A-4 Principal
Balance and the Note A-B Principal Balance.

“Senior Note Principal
Balance” shall mean the sum of the Note A-A-1 Principal Balance, the Note A-A-2 Principal Balance, the Note A-A-3 Principal
Balance and the Note A-A-4 Principal Balance.

“Senior Note Rate”
shall mean the Senior Note Rate set forth in the Mortgage Loan Schedule.

“Senior Note Relative
Spread” shall mean the ratio of the Senior Note Rate to the Mortgage Loan Rate.

“Sequential Pay
Event” shall mean any Event of Default with respect to an obligation to pay money due under the Mortgage Loan or any other Event
of Default that causes the Mortgage Loan to become a Specially Serviced Mortgage Loan (other than as a result of a foreseeable event)
or any bankruptcy or insolvency event that constitutes an Event of Default. A Sequential Pay Event shall no longer exist to the extent
it has been cured (including any cure payment made in accordance with Section 11) and shall not be deemed to exist to the extent the Note
A-B Holder is exercising its cure rights under Section 11.

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

“Servicing Agreement”
shall mean during the period (i) from and after the Note A-A-2 Securitization and prior to the Note A-A-1 Securitization, the Note A-A-2
PSA and (ii)

    18 

    	 

    

from and after the Note A-A-1 Securitization,
the Note A-A-1 PSA; provided that in the event the Lead Senior Note is no longer an asset of the trust fund created pursuant to
the Securitization Servicing Agreement, the term “Securitization Servicing Agreement” shall refer to the subsequent servicing
agreement entered into pursuant to Section 2.

“Servicing Fee Rate”
shall have the meaning assigned to such term in the Servicing Agreement.

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

“Servicing Transfer
Event” shall have the meaning assigned to such term or an analogous term in the Servicing Agreement, except that, as provided
in Section 11(a)(iii), a Servicing Transfer Event shall be deemed not to have occurred for so long as the Note A-B Holder is exercising
its cure rights hereunder.

“Special Servicer”
shall have the meaning assigned to such term in the Servicing Agreement.

“Specially Serviced
Mortgage Loan” shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.

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

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

“Threshold Event
Collateral” shall have the meaning assigned to such term in Section 5(i).

“Threshold Event
Cure” shall have the meaning assigned to such term in Section 5(i).

“Transfer”
shall mean any sale, assignment, transfer, pledge, syndication, participation, hypothecation, contribution, encumbrance or other disposition
(either (i) directly or (ii) indirectly through entering into a derivatives contract or any other similar agreement, excluding
a repo financing or a Pledge in accordance with Section 19(g)).

“Trustee”
shall mean, with respect to any Securitization, the bank or trust company as may be selected by the applicable depositor and approved
by the Rating Agencies to act as trustee for such Securitization, and shall include any fiscal agent and/or paying agent appointed for
such Securitization.

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

    19 

    	 

    

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

“Workout”
shall mean any written modification, waiver, amendment or restructuring relating to a workout of the Mortgage Loan or the Note in connection
with a Mortgage Loan default or a likely default.

Section 2.               
Servicing.

(a)               
Each Noteholder acknowledges and agrees that, subject in each case to this Agreement, the Mortgage Loan shall be serviced pursuant
to the Servicing Agreement and in accordance with this Agreement; provided that the Master Servicer shall not be obligated to advance
monthly payments of principal or interest in respect of the Notes that are not included in the Lead Securitization (and the Non-Lead Master
Servicer shall not be required to advance monthly payments of principal and interest in respect of the Notes that are not included in
the Lead Securitization) if such principal or interest is not paid by the Mortgage Loan Borrower but shall be obligated to advance delinquent
real estate taxes, insurance premiums and other expenses related to the maintenance of the Mortgaged Property and maintenance and enforcement
of the lien of the Mortgage thereon, subject to the terms of the Servicing Agreement. The Note A-B Holder acknowledges that a Senior Noteholder
may elect, in its sole discretion, to include its Senior Note in a Securitization and agrees that it will reasonably cooperate with such
Senior Noteholder, at such Senior Noteholder’s sole cost and expense, to effect such Securitization.
Subject to the terms and conditions of this Agreement, each Noteholder hereby irrevocably and unconditionally consents to the appointment
of the Master Servicer, the Special Servicer and the Trustee under the Servicing Agreement and agrees to reasonably cooperate with
and consent with the Master Servicer and the Special Servicer with respect to the servicing of the Mortgage Loan in accordance with the
Servicing Agreement and this Agreement. Each Noteholder hereby appoints the Master Servicer and the Trustee in the Lead Securitization
as such Noteholder’s attorney-in-fact to sign any documents reasonably required with respect to the administration and servicing
of the Mortgage Loan on its behalf under the Servicing Agreement (subject at all times to the rights of the Noteholder set forth herein
and in the Servicing Agreement). In no event shall the Servicer be required to enforce the rights of any Noteholder or limit the Servicer
in enforcing the rights of one Noteholder against any other Noteholder; however, this statement shall not be construed to otherwise limit
the rights of one Noteholder with respect to any other Noteholder.

(b)              
The Controlling Noteholder (or any Controlling Noteholder Representative appointed by it acting on its behalf) shall exercise the
rights and powers granted to the “Controlling Holder”, “Directing Certificateholder” or “Directing Holder”
(or similar term) under the Servicing Agreement with respect to the Mortgage Loan.

    20 

    	 

    

(c)               
 The Servicing Agreement shall contain the Servicing Standard (which shall require, among other things, that each Servicer, in
servicing the Mortgage Loan, must take into account the interests of each Noteholder, taking into account that Note A-B is junior to the
Senior Notes). In no event may the Servicing Agreement change the interest or principal allocable to, or the amount of any payments
due to, the Note A-B Holder or materially increase the Note A-B Holder’s obligations or materially decrease the Note A-B Holder’s
rights, remedies or protections hereunder.

(d)              
The Servicing Agreement shall contain provisions to the effect that:

(i)           
any payments received on the Mortgage Loan shall be paid by the Master Servicer to each of the Noteholders in accordance with Sections
3 and 4 hereof on the Master Servicer Remittance Date;

(ii)           
the Note A-B Holder shall be entitled to receive, and the Master Servicer and the Special Servicer shall provide, any information
relating to the Mortgage Loan, the Mortgage Loan Borrower or the Mortgaged Property as the Note A-B Holder may reasonably request and
would be customarily in the possession of, or collected or known by, the Master Servicer or Special Servicer of mortgage loans similar
to the Mortgage Loan and, in any event, all information that is required to be provided to holders of the securities issued by the Securitization
Trust that includes other Notes, including, but not limited to standard CREFC® reports, subject to limitations or information
that may be made available to a Note A-B Holder that is a Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party;

(iii)           
each Noteholder is an intended third party beneficiary in respect of the rights afforded it under the Servicing Agreement and may
directly enforce such rights;

(iv)           
the Servicing Agreement may not be amended without the consent of the Note A-B Holder (not to be unreasonably withheld) if such
amendment would materially and adversely affect the Mortgage Loan or the Note A-B Holder’s rights with respect thereto;

(v)           
the Servicing Agreement shall contain the provisions set forth on Schedule I;

(vi)           
provide that any inconsistency between the Servicing Agreement and this Agreement shall be governed by and determined in accordance
with the terms of this Agreement; and

(vii)           
recognize the respective rights and obligations of the Noteholders hereunder, including with respect to the making of payment to
the Noteholders and the rights of the Noteholders to approve matters and make decisions hereunder.

(e)               
Any obligation of the Servicer pursuant to the terms hereof shall be performed by the Master Servicer or the Special Servicer,
as applicable, as set forth in the Servicing Agreement.

    21 

    	 

    

(f)               
 At any time after the Securitization Date that the Lead Senior Note is no longer subject to the provisions of the Servicing Agreement,
the Lead Senior Noteholder shall cause the Mortgage Loan to be serviced pursuant to a replacement servicing agreement mutually agreeable
to the Non-Lead Senior Noteholder and the Note A-B Holder that contains servicing provisions which are the same as or more favorable to
Note A-B Holder, in substance, to those in the Servicing Agreement and all references herein to the “Servicing Agreement”
shall mean such replacement servicing agreement; provided, however, that (1) if the Non-Lead Senior Note is in a Securitization,
then Rating Agency Confirmation shall have been obtained from each Rating Agency with respect to such subsequent servicing agreement and
(2) until a replacement servicing agreement has been entered into, (x) the Lead Senior Noteholder shall cause the Mortgage Loan to
be serviced in accordance with the servicing provisions set forth in the Servicing Agreement as if such agreement was still in full force
and effect with respect to the Mortgage Loan and (y) the actual servicing of the Mortgage Loan may be performed by any nationally recognized
commercial mortgage loan servicer appointed by the Lead Senior Noteholder with the consent of the Note A-B Holder and does not have to
be performed by the service providers set forth under the Servicing Agreement. The Lead Senior Noteholder shall provide the Note A-B Holder
with a reasonable opportunity to review and comment on any replacement servicing agreement, and the Note A-B Holder agrees to reasonably
negotiate the final terms of such servicing agreement as promptly as reasonably possible upon receipt of any proposed revisions. If the
Note A-B Holder exercises its purchase option in accordance with the terms hereof, upon the Mortgage Loan being transferred to the Note
A-B Holder, the Note A-B Holder shall be entitled to terminate the Servicing Agreement in its sole discretion without payment of any termination
fees.

(g)              
Upon the occurrence of the Lead Securitization, the Lead Senior Noteholder shall give each other Noteholders (and the applicable
servicer and trustee, if any other Note is in a Securitization) notice of the Lead Securitization in writing (which may be by e-mail)
prior to or promptly following the related Securitization Date. Such notice shall contain contact information for each of the parties
to the related Servicing Agreement and the identity of the controlling class representative under such Servicing Agreement. In addition,
after the closing of the Lead Securitization, Lead Senior Noteholder shall send a copy of the related Servicing Agreement to each of the
other holders.

(h)              
Each Non-Lead Securitization Agreement shall contain the provisions set forth in Schedule II.

Section 3.               
Payments Prior to a Sequential Pay Event. Note A-B and the right of the Note A-B Holder to receive payments of interest,
principal and other amounts with respect to the Note A-B shall at all times be junior, subject and subordinate to the Senior Notes and
the right of the Senior Noteholders to receive payments of interest, principal and other amounts with respect to the Senior Notes as set
forth herein. If no Sequential Pay Event, as determined by the applicable Servicer, shall have occurred and be continuing, all amounts
tendered by the Mortgage Loan Borrower or otherwise available for payment on or with respect to or in connection with the Mortgage Loan
or the Mortgaged Property or amounts realized as proceeds thereof, whether received in the form of Monthly Payments, the Balloon Payment,
Liquidation Proceeds, proceeds under any guaranty, letter of credit or other collateral or instrument securing the Mortgage Loan or Insurance
Proceeds or Condemnation Proceeds (other than proceeds,

    22 

    	 

    

awards or settlements to be applied to the
restoration or repair of the Mortgaged Property or released to the Mortgage Loan Borrower in accordance with the terms of the Mortgage
Loan Documents, to the extent permitted by the REMIC Provisions), but excluding (x) all amounts for required reserves or escrows required
by the Mortgage Loan Documents (to the extent, in accordance with the terms of the Mortgage Loan Documents) to be held as reserves or
escrows or received as reimbursements on account of recoveries in respect of Advances then due and payable or reimbursable to the Servicer
under the Servicing Agreement and (y) all amounts that are then due, payable or reimbursable to any Servicer, Operating Advisor, Certificate
Administrator or Trustee with respect to the Mortgage Loan pursuant to the Servicing Agreement, shall be applied by the Lead Senior Noteholder
(or its designee) and distributed by the Lead Senior Noteholder (or the Servicer on its behalf) for payment in the following order of
priority without duplication (and payments shall be made at such times as are set forth in the Servicing Agreement):

(a)               
first, to the Senior Noteholders in an amount equal to the accrued and unpaid interest on the Senior Note Principal Balance
at the Net Senior Note Rate;

(b)              
second, to the Senior Noteholders in an amount equal to the Senior Note Percentage Interest of principal payments (including
all prepayment proceeds relating to casualty or condemnation) received, if any, with respect to such Monthly Payment Date with respect
to the Mortgage Loan (including any Monthly Debt Service Payment);

(c)               
third, to each Senior Noteholder up to the amount of any unreimbursed costs and expenses paid by such Senior Noteholder
with respect to the Mortgage Loan pursuant to this Agreement or the Servicing Agreement, including any Recovered Costs to be allocated
pro rata based on the amounts due to each Senior Noteholder pursuant to this clause;

(d)              
fourth, if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed the amounts
required to be applied in accordance with the foregoing clauses (a) to (c) and, as a result of a Workout the Senior Note Principal Balance
has been reduced, such excess amount shall be paid to the Senior Noteholders in an amount up to the reduction, if any, of the Senior Note
Principal Balance as a result of such Workout, plus interest on such amount at the Net Senior Note Rate;

(e)               
fifth, to the extent the Note A-B Holder has made any payments or advances to cure defaults pursuant to Section 11 of this
Agreement, to reimburse the Note A-B Holder for all such cure payments;

(f)               
sixth, to the Note A-B Holder in an amount equal to the accrued and unpaid interest on the Note A-B Principal Balance at
the Net Note A-B Rate;

(g)              
seventh, to the Note A-B Holder in an amount equal to the Note A-B Percentage Interest of principal payments (including
all prepayment proceeds relating to casualty or condemnation) received, if any, with respect to such Monthly Payment Date with respect
to the Mortgage Loan (including any Monthly Debt Service Payment Amount);

    23 

    	 

    

(h)              
 eighth, to the Note A-B Holder up to the amount of any unreimbursed costs and expenses paid by the Note A-B Holder with
respect to the Mortgage Loan pursuant to this Agreement or the Servicing Agreement, including any Recovered Costs;

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

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

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

(l)                
twelfth, to the extent default interest, late fees, assumption or transfer fees actually paid by the Mortgage Loan Borrower
are not required to be otherwise applied under the Servicing Agreement, including, without limitation, to compensate a Servicer under
the Servicing Agreement, any such default interest, late fees, assumption or transfer fees, to the extent actually paid by the Mortgage
Loan Borrower, shall be paid to each Noteholder, pro rata, based on their respective Percentage Interests; and

(m)            
thirteenth, if any excess amount is available to be distributed in respect of the Mortgage Loan, and not otherwise applied
in accordance with the foregoing clauses (a) to (l), any remaining amount shall be paid to each Noteholder, pro rata, in accordance
with their respective initial Percentage Interests.

As used in clauses (a) through
(m) above, payments to the Senior Noteholders shall be made to each Senior Noteholder, pro rata and pari passu, based on
their respective Principal Balance.

Section 4.               
Payments Following a Sequential Pay Event. Payments of interest and principal shall be made to the Noteholders in accordance
with Section 3 of this Agreement; except, if a Sequential Pay Event, as determined by the applicable Servicer in accordance with this
Agreement and the Servicing Agreement, shall have occurred and be continuing, all amounts tendered by the Mortgage Loan Borrower or otherwise
available for payment on or with respect to or in connection with the Mortgage Loan or the Mortgaged Property or amounts realized as proceeds
thereof, whether received in the form of Monthly Payments, any proceeds from the sale or distribution of any REO Property, the Balloon
Payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit or other collateral or instrument securing the Mortgage Loan
or Insurance Proceeds or Condemnation Proceeds (other than proceeds, awards or settlements to be

    24 

    	 

    

applied to the restoration or repair of the
Mortgaged Property or released to the Mortgage Loan Borrower in accordance with the terms of the Mortgage Loan Documents, to the extent
permitted by the REMIC Provisions), but excluding (x) all amounts for required reserves or escrows required by the Mortgage Loan Documents
to continue to be held as reserves or escrows or received as reimbursements on account of recoveries in respect of Advances then due and
payable or reimbursable to the Servicer under the Servicing Agreement and (y) all amounts that are then due, payable or reimbursable to
any Servicer, Operating Advisor, Certificate Administrator or Trustee with respect to the Mortgage Loan pursuant to the Servicing Agreement
with respect to the Mortgage Loan, shall be distributed by the Servicer in the following order of priority without duplication (and payments
shall be made at such times as are set forth in the Servicing Agreement):

(a)               
first, to the Senior Noteholders in an amount equal to the accrued and unpaid interest on the Senior Note Principal Balance
at the Net Senior Note Rate;

(b)              
second, to the Senior Noteholders in an amount equal to all principal payments (or other amounts allocated to principal)
received, if any, with respect to the related Monthly Payment Date until the Senior Note Principal Balance has been reduced to zero;

(c)               
third, to each Senior Noteholder up to the amount of any unreimbursed costs and expenses paid by such Senior Noteholder
with respect to the Mortgage Loan pursuant to this Agreement or the Servicing Agreement, including any Recovered Costs, to be allocated
pro rata based on the amounts due to each Senior Noteholder pursuant to this clause;

(d)              
fourth, if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed the amounts
required to be applied in accordance with the foregoing clauses (a) to (c) and, as a result of a Workout the Senior Note Principal Balance
has been reduced, such excess amount shall be paid to the Senior Noteholders in an amount up to the reduction, if any, of the Senior Note
Principal Balance as a result of such Workout, plus interest on such amount at the Net Senior Note Rate;

(e)               
fifth, to the extent the Note A-B Holder has made any payments or advances to cure defaults pursuant to Section 11, to reimburse
the Note A-B Holder for all such cure payments;

(f)               
sixth, to the Note A-B Holder in an amount equal to the accrued and unpaid interest on the Note A-B Principal Balance at
the Net Note A-B Rate;

(g)              
seventh, to the Senior Note Holders in an amount equal all remaining amounts received with respect to the related Monthly
Payment Date, until the Senior Note Principal Balance has been reduced to zero;

(h)              
eighth, to the Note A-B Holder in an amount equal all remaining amounts received with respect to the related Monthly Payment
Date, until the Note A-B Principal Balance has been reduced to zero;

    25 

    	 

    

(i)                
 ninth, to the Note A-B Holder up to the amount of any unreimbursed costs and expenses paid by the Note A-B Holder with
respect to the Mortgage Loan pursuant to this Agreement or the Servicing Agreement, including any Recovered Costs;

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

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

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

(m)            
thirteenth, to the extent default interest, late fees, assumption or transfer fees actually paid by the Mortgage Loan Borrower
are not required to be otherwise applied under the Servicing Agreement, including, without limitation, to compensate a Servicer under
the Servicing Agreement, any such default interest, late fees, assumption or transfer fees, to the extent actually paid by the Mortgage
Loan Borrower, shall be paid to each Noteholder, pro rata, based on their respective Percentage Interests; and

(n)              
fourteenth, if any excess amount is available to be distributed in respect of the Mortgage Loan, and not otherwise applied
in accordance with the foregoing clauses (a) to (l), any remaining amount shall be paid to each Noteholder, pro rata, in accordance
with their respective initial Percentage Interests.

As used in clauses (a) through
(n) above, payments to the Senior Noteholders shall be made to each Noteholder, pro rata and pari passu, based on their
respective Principal Balance.

Section 5.               
Administration of the Mortgage Loan.

(a)               
In all cases acting in accordance with the Servicing Standard and subject to this Agreement (including, without limitation, Section
5(f) below) and the Servicing Agreement, the Lead Senior Noteholder (or the Servicer acting on behalf of the Lead Senior Noteholder) shall
have the sole and exclusive authority with respect to the administration of, and exercise of rights and remedies with respect to, the
Mortgage Loan, including, without limitation, the sole authority to modify or waive any of the terms of the Mortgage Loan Documents or
consent to any action or failure to act by the Mortgage Loan Borrower or any other party to the Mortgage Loan Documents, call or waive
any Event of Default, accelerate the Mortgage Loan or institute any foreclosure action or other remedy and the other Noteholders shall
not have any

    26 

    	 

    

voting, consent or other rights whatsoever
with respect to the Lead Senior Noteholder’s administration of, or exercise of its rights and remedies with respect to, the Mortgage
Loan. Subject to this Agreement and the Servicing Agreement (including, without limitation, Section 5(f) below), each of the Non-Lead
Senior Noteholder and the Note A-B Holder agrees that it shall have no right to, and hereby presently and irrevocably assigns and conveys
to the Lead Senior Noteholder (or the Servicer acting on behalf of the Lead Senior Noteholder) the rights, if any, that the other Noteholders
have to, (i) call or cause the Lead Senior Noteholder to call an Event of Default under the Mortgage Loan, or (ii) exercise
any remedies with respect to the Mortgage Loan or the Mortgage Loan Borrower, including, without limitation, filing or causing the Lead
Senior Noteholder to file any bankruptcy petition against the Mortgage Loan Borrower. The Lead Senior Noteholder (or the Servicer acting
on behalf of the Lead Senior Noteholder) shall not have any fiduciary duty to the Non-Lead Senior Noteholder in connection with the administration
of the Mortgage Loan (but the foregoing shall not relieve the Lead Senior Noteholder from the obligation to make any disbursement of funds
as set forth herein, or in the case of Servicer, its obligation to follow the Servicing Standard or any liability for failure to do so
to the extent set forth in the Servicing Agreement).

(b)              
The administration of the Mortgage Loan shall be governed by this Agreement and the Servicing Agreement. Each Noteholder agrees
to be bound by the terms of the Servicing Agreement and this Agreement. Servicing of the Mortgage Loan shall be carried out by the Master
Servicer and, if the Mortgage Loan is a Specially Serviced Mortgage Loan by the Special Servicer, in each case pursuant to the Servicing
Agreement and this Agreement. Notwithstanding anything to the contrary contained herein, in accordance with the Servicing Agreement, the
Lead Senior Noteholder shall cause the Master Servicer and the Special Servicer to service and administer the Mortgage Loan in accordance
with the Servicing Standard, taking into account the interests of the Senior Noteholders and the Note A-B Holder (it being understood
that the interest of the Note A-B Holder is a junior Note interest, subject to the terms and conditions of this Agreement), and so long
as the Non-Lead Senior Noteholder and the Note A-B Holder is not the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party,
it shall be deemed a third party beneficiary of such provisions of the Servicing Agreement. The foregoing provisions of this Section 5(b)
shall not limit or modify the rights of the Controlling Noteholder and/or the Controlling Noteholder Representative to exercise their
respective rights specifically set forth under this Agreement.

(c)               
Notwithstanding anything to the contrary contained herein, but subject to the terms and conditions of the Servicing Agreement and
this Agreement (including, without limitation, Section 5(f) below), if the Lead Senior Noteholder in connection with a Workout of the
Mortgage Loan modifies the terms thereof such that (i) the unpaid principal balance of the Mortgage Loan is decreased, (ii) the
Interest Rate or scheduled amortization payments on the Mortgage Loan are reduced, (iii) payments of interest or principal on the
Mortgage Loan are waived, reduced or deferred or (iv) any other adjustment (other than an increase in the Interest Rate or increase
in scheduled amortization payments) is made to any of the terms of the Mortgage Loan (other than an extension of the Mortgage Loan maturity
date), all payments to the Senior Noteholders pursuant to Section 3 and Section 4, as applicable, shall be made as though such
Workout did not occur, with the payment terms of the Senior Notes remaining the same as they are on the date hereof, Note A-B shall bear
the full economic effect of all waivers, reductions or deferrals of amounts due on the Mortgage Loan attributable to such Workout (up
to

    27 

    	 

    

the amount otherwise due on Note A-B). Subject
to the Servicing Agreement and this Agreement (including without limitation Section 5(f) below), in the case of any modification or amendment
described above, the Lead Senior Noteholder will have the sole authority and ability to revise the payment provisions set forth in Section 3
and Section 4 above in a manner that reflects the subordination of Note A-B to the Senior Notes with respect to the loss that is
the result of such amendment or modification, including: (i) the ability to increase the Senior Note Percentage Interest and to reduce
the Note A-B Percentage Interest in a manner that reflects a loss in principal as a result of such amendment or modification and (ii) the
ability to change the Senior Note Rate and the Note A-B Rate, as applicable, in order to reflect a reduction in the Interest Rate of the
Mortgage Loan but shall not be permitted to change the order of the clauses set forth in Sections 3 and 4 hereof. Notwithstanding the
foregoing, if any Workout, modification or amendment of the Mortgage Loan extends the original maturity date of the Mortgage Loan, for
purposes of this paragraph, the Balloon Payment will be deemed not to be due on the original maturity date of the Mortgage Loan but will
be deemed due on the extended maturity date of the Mortgage Loan.

(d)              
All rights and obligations of the Lead Senior Noteholder described hereunder may be exercised by the Servicer on behalf of the
Lead Senior Noteholder in accordance with the Servicing Agreement and this Agreement.

(e)               
For so long as any Senior Note is included as an asset of a REMIC, any provision of this Agreement to the contrary notwithstanding:
(i) the Mortgage Loan shall be administered such that the Notes shall each qualify at all times as (or as interests in) a “qualified
mortgage” within the meaning of Section 860G(a)(3) of the Code, (ii) any real property (and related personal property) acquired
by or on behalf of the Lead Senior Noteholder pursuant to a foreclosure, exercise of a power of sale or delivery of a deed in lieu of
foreclosure of the Mortgage or lien on such property following a default on the Mortgage Loan shall be administered so that the interests
of the Noteholders therein shall at all times qualify as “foreclosure property” within the meaning of Section 860G(a)(8) of
the Code and (iii) no Servicer may modify, waive or amend any provision of the Mortgage Loan, consent to or withhold consent from any
action of the Mortgage Loan Borrower, or exercise or refrain from exercising any powers or rights which the Noteholders may have under
the Mortgage Loan Documents, if any such action would constitute a “significant modification” of the Mortgage Loan, within
the meaning of Section 1.860G 2(b) of the regulations of the United States Department of the Treasury, more than three months after the
earliest startup day of any REMIC which includes a Senior Note (or any portion thereof). The Noteholders agree that the provisions of
this Section 5(e) shall be effected by compliance by the Lead Senior Noteholder or its assignees with this Agreement or the Servicing
Agreement or any other agreement which governs the administration of the Mortgage Loan or the Lead Senior Noteholder interests therein.
All costs and expenses of compliance with this Section 5(e), to the extent that such costs and expenses relate to administration of a
REMIC or to any determination respecting the amount, payment or avoidance of any tax under the REMIC Provisions or the actual payment
of any REMIC tax or expense, shall be borne by the applicable Senior Noteholder without reimbursement under Sections 3 or 4 hereof.

(f)               
If any consent, modification, amendment or waiver under or other action in respect of the Mortgage Loan or the Mortgage Loan Documents
(whether or not a Servicing

    28 

    	 

    

Transfer Event has occurred and is continuing)
that would constitute a Major Decision has been requested or proposed, at least ten (10) Business Days prior to taking action with respect
to such Major Decision (or making a determination not to take action with respect to such Major Decision), the Lead Senior Noteholder
(or Servicer acting on its behalf) shall request the written consent of the Controlling Noteholder (or its Controlling Noteholder Representative)
before implementing a decision with respect to such Major Decision.

If the Controlling Noteholder
(or its Controlling Noteholder Representative) fails to respond to the Lead Senior Noteholder (or Servicer acting on its behalf) with
respect to any such proposed action within ten (10) Business Days after receipt of such notice, the Controlling Noteholder (or its Controlling
Noteholder Representative), as applicable, shall have no further consent rights with respect to such action.

The Controlling Noteholder
(or its Controlling Noteholder Representative) acknowledges that, if the “retaining sponsor” in the Lead Securitization has
sold an “eligible horizontal interest” to a “third party purchaser” in accordance with Section 7
of the Credit Risk Retention Rule, then following the occurrence of an “Operating Advisor Consultation Event” (or similar
term) under the Servicing Agreement the Operating Advisor may have the right to consult with the Special Servicer with respect to Major
Decisions.

Notwithstanding the foregoing,
following the occurrence of an extraordinary event with respect to any Mortgaged Property, or if a failure to take any such action at
such time would be inconsistent with the Servicing Standard, the Lead Senior Noteholder (or Servicer acting on its behalf) may take actions
with respect to such Mortgaged Property before obtaining the consent of the Controlling Noteholder (or its Controlling Noteholder Representative)
if the Lead Senior Noteholder (or Servicer acting on its behalf) reasonably determines in accordance with the Servicing Standard that
failure to take such actions prior to such consent would materially and adversely affect the interest of the Noteholders as a whole, and
the Lead Senior Noteholder (or Servicer acting on its behalf) has made a reasonable effort to contact the Controlling Noteholder (or its
Controlling Noteholder Representative). The foregoing shall not relieve the Lead Senior Noteholder (or Servicer acting on its behalf)
of its duties to comply with the Servicing Standard.

Notwithstanding the foregoing,
the Lead Senior Noteholder (or Servicer acting on its behalf) shall not follow any advice, direction, objection or consultation provided
by the Controlling Noteholder (or its Controlling Noteholder Representative) that would require or cause the Lead Senior Noteholder (or
Servicer acting on its behalf) to violate any applicable law, including the REMIC Provisions, be inconsistent with the Servicing Standard,
require or cause the Lead Senior Noteholder (or Servicer acting on its behalf) to violate provisions of this Agreement or the Servicing
Agreement, require or cause the Lead Senior Noteholder (or Servicer acting on its behalf) to violate the terms of the Mortgage Loan, or
materially expand the scope of the Lead Senior Noteholder (or Servicer acting on its behalf) responsibilities under this Agreement.

(g)              
The Controlling Noteholder shall be entitled to approve the Asset Status Report in accordance with the time frame provided in the
Servicing Agreement.

    29 

    	 

    

(h)              
 (i) The Note A-B Holder, if it is determined at any time of determination to no longer be the Controlling Noteholder (the “Appraised-Out
Holder”) as a result of the application of an Appraisal Reduction Amount, shall have the right, at its sole expense, to require
the Special Servicer to order a second Appraisal with respect to the Mortgage Loan. The Special Servicer shall use its reasonable efforts
consistent with the Servicing Standard to ensure that such second Appraisal is delivered within thirty (30) days from receipt of the Appraised-Out
Holder’s written request and shall ensure that such Appraisal is prepared on an “as-is” basis by an MAI appraiser (provided
that such MAI appraiser may not be the same MAI appraiser that provided the Appraisal in respect of which the Appraised-Out Holder is
requesting the Special Servicer to obtain an additional Appraisal).

(ii) Upon receipt of any
supplemental Appraisal pursuant to clause (i) above, the Special Servicer shall determine, in accordance with the Servicing Standard,
whether, based on its assessment of such supplemental Appraisal, any recalculation of the Appraisal Reduction Amount is warranted, and
if so warranted, the Special Servicer shall recalculate the Appraisal Reduction Amount based on such supplemental Appraisal and any information
received from the Master Servicer. If required by such recalculation, the Appraised-Out Holder shall be reinstated as the Controlling
Noteholder and, if applicable, shall have the Note A-B Principal Balance notionally restored to the extent required by such recalculation
of the Appraisal Reduction Amount. The Appraised-Out Holder requesting any supplemental Appraisal pursuant to clause (i) above shall refrain
from exercising any direction, control, consent and/or similar rights of the Controlling Noteholder until such time, if any, as the Appraised-Out
Holder is reinstated as the Controlling Noteholder (such period beginning upon receipt by the Special Servicer of any request to obtain
a supplemental Appraisal pursuant to clause (i) above to but excluding the date on which either (A) the Special Servicer determines that
no recalculation of the Appraisal Reduction Amount is warranted or (B) the Special Servicer recalculates the Appraisal Reduction Amount
based on the supplemental Appraisal, the “Appraisal Review Period”). The rights of the Controlling Noteholder during
each Appraisal Review Period shall be exercised by the Note A-A-1 Holder.

(i)                
The Note A-B Holder shall be entitled to avoid a Control Appraisal Period caused by application of an Appraisal Reduction Amount
upon satisfaction of the following (which must be completed within thirty (30) days of the receipt of a third party Appraisal that indicates
such Control Appraisal Period has occurred): (i) the Note A-B Holder shall have delivered as a supplement to the appraised value of the
Mortgaged Property, in the amount specified in clause (ii) below, to the Servicer, together with documentation acceptable to the
Servicer in accordance with the Servicing Standard to create and perfect a first priority security interest in favor of the Lead Senior
Noteholder in such collateral (a) cash collateral for the benefit of the Senior Notes, and acceptable to, the Servicer or (b) an unconditional
and irrevocable standby letter of credit with the Lead Senior Noteholder as the beneficiary, issued by a bank or other financial institutions
the long term unsecured debt obligations of which are at all times rated at least “AA” by S&P, “A” by Fitch
and “Aa2” by Moody’s or the short term obligations of which are rated at least “A-1+” by S&P, “F-1”
by Fitch and “P-1” by Moody’s (either (a) or (b), the “Threshold Event Collateral”),
and (ii) the Threshold Event Collateral shall be in an amount which, when added to the appraised value of the Mortgaged Property as determined
pursuant to the Servicing Agreement, would cause the applicable Control Appraisal Period not to occur. If the requirements of this paragraph
are satisfied by the Note A-B Holder

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(a “Threshold Event Cure”),
no Control Appraisal Period caused by application of an Appraisal Reduction Amount shall be deemed to have occurred. If a letter of credit
is furnished as Threshold Event Collateral, the Note A-B Holder shall be required to renew such letter of credit not later than thirty
(30) days prior to expiration thereof or to replace such letter of credit with a substitute letter of credit or other Threshold Event
Collateral with an expiration date that is greater than forty-five (45) days from the date of substitution; provided, however,
that, if a letter of credit is not renewed prior to thirty (30) days prior to the expiration date of such letter of credit, the letter
of credit shall provide that the Servicer may (and at the direction of the Note A-B Holder, shall) draw upon such letter of credit and
hold the proceeds thereof as Threshold Event Collateral. If a letter of credit is furnished as Threshold Event Collateral, the Note A-B
Holder shall be required to replace such letter of credit with other Threshold Event Collateral within thirty (30) days if the credit
ratings of the issuing entity are downgraded below the required ratings; provided, however, that, if such Threshold Event
Collateral is not so replaced, the Servicer shall draw upon such letter of credit and hold the proceeds thereof as Threshold Event Collateral.
The Threshold Event Cure shall continue until (i) the appraised value of the Mortgaged Property plus the value of the Threshold Event
Collateral would not be sufficient to prevent a Control Appraisal Period from occurring; or (ii) final liquidation of the Mortgage Loan
or REO Property. If the appraised value of the Mortgaged Property, upon any redetermination thereof, is sufficient to avoid the occurrence
of a Control Appraisal Period without taking into consideration any, or some portion of, Threshold Event Collateral previously delivered
by the Note A-B Holder, any or such portion of Threshold Event Collateral held by the Servicer shall promptly be returned to the Note
A-B Holder (at its sole expense). Upon final liquidation or repayment of the Mortgage Loan or REO Property with respect to the Mortgage
Loan, such Threshold Event Collateral shall be available to reimburse each Noteholder for any realized loss pursuant to the priorities
provided in Section 3 or 4, as applicable, with respect to the Mortgage Loan after application of the net proceeds of liquidation, not
in excess of the Note A-A-1 Principal Balance, the Note A-A-2 Principal Balance, the Note A-A-3 Principal Balance, the Note A-A-4 Principal
Balance and the Note A-B Principal Balance, as the case may be, plus accrued and unpaid interest thereon at the applicable interest rate
and all other Additional Servicing Expenses reimbursable under this Agreement and under the Servicing Agreement and any Threshold Event
Collateral remaining after such reimbursement and payments shall be returned to the Note A-B Holder. The entire amount of Threshold Event
Collateral, without a haircut or other reduction, shall be considered in determining the sufficiency of such Threshold Event Collateral
to avoid a Control Appraisal Period.

(j)                
The Servicer or Special Servicer shall obtain appraisals that meet the requirements of, and at the times required pursuant to,
the terms of the Servicing Agreement.

(k)              
If the Mortgaged Property becomes an REO Property, the same shall be acquired, managed and operated in the manner provided in the
Servicing Agreement.

(l)                
Prior to a Control Appraisal Period, the Lead Noteholder shall not be permitted to transfer all or any portion of Note A-B without
the prior consent of the Note A-B Holder. If a Control Appraisal Period has occurred and is continuing, and if the Mortgage Loan is a
Defaulted Mortgage Loan, the Lead Noteholder (or the Special Servicer acting on its behalf) shall have the right to sell Note A-B together
with the Senior Notes, without the Note A-B Holder’s consent, subject to satisfaction of the following conditions:

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(A)            
 the Special Servicer has delivered to the Note A-B Holder: (a) at least fifteen (15) Business Days’ prior written notice
of any decision to attempt to sell the Mortgage Loan; (b) at least ten (10) days prior to the proposed sale date, a copy of each bid package
(together with any material amendments to such bid packages) received by the Special Servicer in connection with any such proposed sale,
(c) at least ten (10) days prior to the proposed sale date, a copy of the most recent Appraisal for the Mortgage Loan, and any documents
in the servicing file reasonably requested by the Note A-B Holder that are material to the sale price of the Mortgage Loan and (d) until
the sale is completed and a reasonable period of time (but no less time than is afforded to other offerors and the Controlling Class Representative
(as such term is defined in the Servicing Agreement)) prior to the proposed sale date, all information and other documents being provided
to other offerors and all leases or other documents that are approved by any Servicer in connection with the proposed sale;

(B)             
all offers are to be submitted to the Trustee in writing;

(C)             
whether any cash offer constitutes a fair price for the Notes shall be determined by the Trustee; provided, that no offer from
an Interested Person (as defined in the Servicing Agreement) shall constitute a fair price unless (a) it is the highest offer received
and (b) at least two bona fide other offers are received from independent third parties;

(D)            
in determining whether any offer received represents a fair price for the Notes, the Trustee shall be supplied with and shall rely
on the most recent Appraisal or updated Appraisal conducted in accordance with the Servicing Agreement within the preceding nine (9) month
period or, in the absence of any such Appraisal, on a new Appraisal;

(E)             
the Trustee may conclusively rely on the opinion of an Independent (as defined in the Servicing Agreement) appraiser or other Independent
(as defined in the Servicing Agreement) expert in real estate matters retained by the Trustee at the expense of the Noteholders in connection
with making such determination; and

(F)              
the Note A-B Holder shall be permitted to submit an offer at any sale of the Mortgage Loan unless such Person is the Mortgage Loan
Borrower or a Mortgage Loan Borrower Related Party.

The Note A-B Holder hereby
appoints the Lead Noteholder (or the Servicer acting on its behalf) as its agent, and grants to the Lead Noteholder an irrevocable power
of attorney coupled with an interest, and its proxy, for the purpose of soliciting and accepting offers for and consummating the sale
of Note A-B. The Note A-B Holder further agrees that, upon the request of the Lead Noteholder, it shall execute and deliver to or at the
direction of the Lead Noteholder (or the Servicer acting on its behalf) such powers of attorney or other instruments as the Lead

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Noteholder may reasonably request to better
assure and evidence the foregoing appointment and grant, in each case promptly following request, and shall deliver originals of Note
A-B, endorsed in blank, to or at the direction of the Lead Noteholder (or the Servicer acting on its behalf) in connection with the consummation
of any such sale.

The authority of the Lead
Noteholder to sell Note A-B and the obligations of the Note A-B Holder to execute and deliver instruments or deliver Note A-B, upon request
of the Lead Noteholder, shall terminate and cease to be of any further force or effect upon the date, if any, upon which the Securitization
is terminated in accordance with its terms.

In addition, if, upon the
Mortgage Loan becoming a Defaulted Mortgage Loan, the Lead Noteholder (or the Special Servicer acting on its behalf) determines to sell
the Defaulted Mortgage Loan or the Lead Note, it will be required to sell the Non-Lead Note together with the Lead Note. Any such sale
of Non-Lead Note shall require the written consent of the Non-Controlling Senior Noteholder (provided that such consent is not
required if the Non-Controlling Senior Noteholder is the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party) unless the
Special Servicer has delivered to the Non-Controlling Senior Noteholder: (a) at least fifteen (15) Business Days’ prior written
notice of any decision to attempt to sell the Mortgage Loan; (b) at least ten (10) days prior to the proposed sale date, a copy of each
bid package (together with any material amendments to such bid packages) received by the Special Servicer in connection with any such
proposed sale, (c) at least ten (10) days prior to the proposed sale date, a copy of the most recent Appraisal for the Mortgage Loan,
and any documents in the servicing file reasonably requested by the Non-Controlling Senior Noteholder that are material to the sale price
of the Mortgage Loan and (d) until the sale is completed and a reasonable period of time (but no less time than is afforded to other offerors
and the Subordinate Class Representative (as such term is defined in the Servicing Agreement)) prior to the proposed sale date, all information
and other documents being provided to other offerors and all leases or other documents that are approved by any Servicer in connection
with the proposed sale. A Non-Controlling Senior Noteholder may waive any of the delivery or timing requirements set forth in this paragraph
as to itself. Subject to the foregoing, each of the Non-Controlling Senior Noteholder shall be permitted to submit an offer at any sale
of the Mortgage Loan unless such Person is the Mortgage Loan Borrower or an agent or Affiliate of the Mortgage Loan Borrower.

(m)            
The Servicing Agreement shall provide that during the continuation of a Control Appraisal Period, the Lead Senior Noteholder (or
the Servicer acting on its behalf) shall be required: (i) to provide copies of any notice, information and report that it is required
to provide to the controlling class representative pursuant to the Servicing Agreement with respect to any Major Decisions or the implementation
of any recommended actions outlined in an Asset Status Report relating to the Mortgage Loan, to each Non-Controlling Senior Noteholder
(or its controlling class representative), within the same time frame it is required to provide to the controlling class representative
(for this purpose, without regard to whether such items are actually required to be provided to the controlling class representative in
the Lead Securitization under the Servicing Agreement due to the occurrence of a Control Termination Event (as defined in the Servicing
Agreement) or a Consultation Termination Event (as defined in the Servicing Agreement)); and (ii) to consult with each Non-Controlling
Senior Noteholder (or its controlling class representative) on a strictly non-binding basis, to the extent having received such notices,

    33 

    	 

    

information and reports, such Non-Controlling
Senior Noteholder (or its controlling class representative) requests consultation with respect to any such Major Decisions or the implementation
of any recommended actions outlined in an Asset Status Report relating to the Mortgage Loan, and consider alternative actions recommended
by such Non-Controlling Senior Noteholder (or its controlling class representative); provided that after the expiration of a period of
ten (10) Business Days from the delivery to the Non-Controlling Senior Noteholder (or its controlling class representative) by the Lead
Senior Noteholder of written notice of a proposed action, together with copies of the notice, information and report required to be provided
to the controlling class representative, the Lead Senior Noteholder (or the Servicer acting on its behalf) shall no longer be obligated
to consult with the Non-Controlling Senior Noteholder (or its controlling class representative), whether or not the Non-Controlling Senior
Noteholder (or its controlling class representative) have responded within such ten (10) Business Day period (unless, the Lead Senior
Noteholder (or the Servicer acting on its behalf) proposes a new course of action that is materially different from the action previously
proposed, in which case such ten (10) Business Day period shall be deemed to begin anew from the date of such proposal and delivery of
all information relating thereto). Notwithstanding the consultation rights of the Non-Controlling Senior Noteholder (or its controlling
class representative) set forth in the immediately preceding sentence, the Lead Senior Noteholder (or Servicer acting on its behalf) may
make any Major Decision or take any action set forth in the Asset Status Report before the expiration of the aforementioned ten (10) Business
Day period if the Lead Senior Noteholder Note A-A-1 Holder (or Servicer acting on its behalf) determines that immediate action with respect
thereto is necessary to protect the interests of the Noteholders. In no event shall the Lead Senior Noteholder (or Servicer acting on
its behalf) be obligated at any time to follow or take any alternative actions recommended by a Non-Controlling Senior Noteholder (or
its controlling class representative). In addition to the consultation rights of the Non-Controlling Senior Noteholder (or its controlling
class representatives), during the continuation of a Control Appraisal Period the Non-Controlling Senior Noteholder shall have the right
to attend annual meetings (either telephonically or in person, in the discretion of the Servicer) with the Lead Senior Noteholder (or
the Servicer acting on its behalf) at the offices of the Servicer, as applicable, upon reasonable notice and at times reasonably acceptable
to the Servicer, as applicable, in which servicing issues related to the Mortgage Loan are discussed.

Section 6.               
Appointment of the Controlling Noteholder Representative.

(a)               
The Controlling Noteholder shall have the right at any time to appoint a representative (the “Controlling Noteholder Representative”)
to exercise its rights hereunder. The Controlling Noteholder shall have the right in its sole discretion at any time and from time to
time to remove and replace the Controlling Noteholder Representative. When exercising its various rights under Section 5 and elsewhere
in this Agreement, the Controlling Noteholder may, at its option, in each case, act through the Controlling Noteholder Representative.
The Controlling Noteholder Representative may be any Person (other than the Mortgage Loan Borrower, its principal or any Affiliate of
the Mortgage Loan Borrower), including, without limitation, the Controlling Noteholder, any officer or employee of the Controlling Noteholder,
any Affiliate of the Controlling Noteholder or any other unrelated third party. No such Controlling Noteholder Representative shall owe
any fiduciary duty or other duty to any other Person (other than the Controlling Noteholder). All actions that are permitted to be taken
by the Controlling Noteholder under this Agreement may be taken by the Controlling Noteholder

    34 

    	 

    

Representative acting on behalf of the Controlling
Noteholder and the Lead Senior Noteholder will accept such actions of the Controlling Noteholder Representative as actions of the Controlling
Noteholder. The Lead Senior Noteholder (or any Servicer on its behalf) shall not be required to recognize any Person as an Controlling
Noteholder Representative until the Controlling Noteholder has notified the Lead Senior Noteholder (and any Servicer) of such appointment
and, if the Controlling Noteholder Representative is not the same Person as the Controlling Noteholder, the Controlling Noteholder Representative
provides the Lead Senior Noteholder (and any Servicer) with written confirmation of its acceptance of such appointment, an address (including
e-mail) and telecopy number for the delivery of notices and other correspondence and a list of officers or employees of such person with
whom the parties to this Agreement may deal (including their names, titles, work addresses (including e-mail) and telecopy numbers). The
Lead Senior Noteholder hall promptly deliver such information to any Servicer.

(b)              
Neither the Controlling Noteholder Representative nor the Controlling Noteholder will have any liability to the Lead Senior Noteholder,
Non-Lead Senior Noteholder or any other Person for any action taken, or for refraining from the taking of any action pursuant to this
Agreement or the Servicing Agreement, or errors in judgment, absent any loss, liability or expense incurred by reason of its willful misfeasance,
bad faith or gross negligence. The Senior Noteholders and the Note A-B Holder agree that the Controlling Noteholder Representative and
any Controlling Noteholder (whether acting in place of the Controlling Noteholder Representative when no Controlling Noteholder Representative
shall have been appointed hereunder or otherwise exercising any right, power or privilege granted to such Controlling Noteholder hereunder)
may take or refrain from taking actions that favor the interests of one Noteholder over the other Noteholders, and that the Controlling
Noteholder Representative may have special relationships and interests that conflict with the interests of a Noteholder and, absent willful
misfeasance, bad faith or gross negligence on the part of the Controlling Noteholder Representative or such Controlling Noteholder, as
the case may be, agree to take no action against the Controlling Noteholder Representative, such Controlling Noteholder or any of their
respective officers, directors, employees, principals or agents as a result of such special relationships or interests, and that neither
the Controlling Noteholder Representative nor such Controlling Noteholder will be deemed to have been grossly negligent or reckless, or
to have acted in bad faith or engaged in willful misfeasance or to have recklessly disregarded any exercise of its rights by reason of
its having acted or refrained from acting solely in the interests of any Senior Noteholder or the Note A-B Holder, as applicable.

(c)               
If the Lead Senior Noteholder is the Controlling Noteholder, the Note A-B Holder acknowledges and agrees all of the aforementioned
rights and obligations of the Controlling Noteholder and the Controlling Noteholder Representative set forth in Section 5(f) and this
Section 6 shall be exercisable by the Lead Senior Noteholder (or the applicable Person specified in the Servicing Agreement) to the
extent set forth in the Servicing Agreement.

Section 7.               
Special Servicer. Subject to the terms of the Servicing Agreement, the Controlling Noteholder (or its Controlling Noteholder
Representative), at its expense (including, without limitation, the reasonable costs and expenses of counsel to any third parties and
costs and expenses of the terminated Special Servicer), shall have the right to appoint a replacement Special Servicer under the Servicing
Agreement, with or without cause, upon at

    35 

    	 

    

least ten (10) Business Days’ prior notice
to the Special Servicer (provided, however, that the Controlling Noteholder (or its Controlling Noteholder Representative) shall not be
liable for any termination or similar fee in connection with the removal of the Special Servicer in accordance with this Section 7); any
such termination not to be effective unless and until (A)(i) the Senior Noteholders have consented to such appointment or (ii) after a
Securitization, each Rating Agency delivers Rating Agency Confirmation with respect to the identity of any such replacement Special Servicer;
(B) the initial or successor Special Servicer has assumed in writing (from and after the date such successor Special Servicer becomes
the Special Servicer) all of the responsibilities, duties and liabilities of the Special Servicer under the Servicing Agreement from and
after the date it becomes the Special Servicer as they relate to such Mortgage Loan pursuant to an assumption agreement reasonably satisfactory
to the Trustee; and (C) the Senior Noteholders have or, after a Securitization, the Trustee has received an opinion of counsel reasonably
satisfactory to the Trustee to the effect that (x) such replacement will be bound by the terms of the Servicing Agreement with respect
to such Mortgage Loan and (y) subject to customary qualifications and exceptions, the applicable servicing agreement will be enforceable
against such replacement in accordance with its terms. The Controlling Noteholder shall promptly provide copies to any terminated Special
Servicer of the documents referred to in the preceding sentence. Notwithstanding the foregoing, while NREC is the Controlling Holder it
shall not have the right to remove and appoint a replacement Special Servicer.

Notwithstanding the foregoing,
after the Securitization Date, if the “retaining sponsor” in the Lead Securitization has sold an “eligible horizontal
interest” to a “third party purchaser” in accordance with Section 7
of the Credit Risk Retention Rule, each Noteholder agrees that the Special Servicer may be replaced upon (a) the recommendation of the
Operating Advisor appointed under the Servicing Agreement if the Operating Advisor determines, in its sole discretion exercised in good
faith, that (1) the Special Servicer has failed to comply with the Servicing Standard and (2) a replacement of the Special Servicer would
be in the best interest of the holders of the certificates, and (b) the subsequent affirmative vote of “ABS interests” (as
defined in Section 2 of the Credit Risk Retention Rule). However, the Controlling Noteholder
shall retain its right to subsequently remove and replace the Special Servicer, but the Note A-A-1 Holder shall not restore a Special
Servicer that has been replaced pursuant to the preceding sentence.

Section 8.               
Payment Procedure.

(a)               
The Lead Senior Noteholder (or the Servicer on its behalf), in accordance with the priorities set forth in Section 3 or 4, as applicable,
and subject to the terms of the Servicing Agreement, shall deposit or cause to be deposited all payments and collections on the Mortgage
Loan allocable to the Notes to the Collection Account for the Notes established pursuant to the Servicing Agreement. The Lead Senior Noteholder
(or the Servicer on its behalf) shall establish a segregated sub-account for amounts due to the Senior Noteholders and the Note A-B Holder.
The Lead Senior Noteholder (or the Servicer acting on its behalf) shall deposit such amounts to the applicable account within two (2)
Business Days of receipt of properly identified payments and collections by the Lead Senior Noteholder (or the Servicer acting on its
behalf) from or on behalf of the Mortgage Loan Borrower.

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

(c)               
If, for any reason, the Lead Senior Noteholder (or the Servicer on its behalf) makes any payment to the Non-Lead Senior Noteholder
or the Note A-B Holder before the Lead Senior Noteholder (or the Servicer on its behalf) has received the corresponding payment (it being
understood that the Lead Senior Noteholder (or the Servicer on its behalf) is under no obligation to do so), and the Lead Senior Noteholder
(or the Servicer on its behalf) does not receive the corresponding payment within three (3) Business Days of its payment to the Non-Lead
Senior Noteholder or the Note A-B Holder, the Non-Lead Senior Noteholder and the Note A-B Holder, as applicable shall, at the Lead Senior
Noteholder (or the Servicer’s on its behalf) request, promptly return that payment to the Lead Senior Noteholder (or the Servicer
on its behalf).

(d)              
Each Noteholder agrees that if at any time it shall receive from any sources whatsoever any payment on account of the Mortgage
Loan in excess of its distributable share thereof, it will promptly remit such excess to the Lead Senior Noteholder (or the Servicer on
its behalf) subject to this Agreement and the Servicing Agreement. The Lead Senior Noteholder (or the Servicer on its behalf) shall have
the right to offset any amounts due hereunder from a Noteholder with respect to the Mortgage Loan against any future payments due to such
Noteholder under the Mortgage Loan, provided, that each Noteholder’s obligations under this Section 8 are separate and distinct
obligations from one another and in no event shall the Lead Senior Noteholder (or the Servicer on its behalf) enforce the obligations
of one Noteholder against another Noteholder. Each Noteholder’s obligations under this Section 8 constitute absolute, unconditional
and continuing obligations.

Section 9.               
Limitation on Liability of the Noteholders. The Senior Noteholders (including any Servicer, except as otherwise provided
in the Servicing Agreement) shall have no liability to the Note A-B Holder with respect to Note A-B except with respect to losses actually
suffered due to the gross negligence, willful misconduct or breach of this Agreement on the part of a Senior Noteholder. The Note A-B
Holder shall have no liability to the Senior Noteholders with respect to any Senior Note except with respect to losses actually suffered
by such Senior Noteholder due to the gross negligence, willful misconduct or breach of this Agreement on the part of the Note A-B Holder.

The Note A-B Holder acknowledges
that, subject to the terms and conditions hereof and the obligation of the Lead Senior Noteholder (including any Servicer) to comply with,

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and except as otherwise required by, the Servicing
Standard, the Lead Senior Noteholder (including any Servicer) may exercise, or omit to exercise, any rights that the Lead Senior Noteholder
may have under this Agreement and the Servicing Agreement in a manner that may be adverse to the interests of the Note A-B Holder and
that the Lead Senior Noteholder (including any Servicer) shall have no liability whatsoever to the Note A-B Holder in connection with
the Senior Noteholders’ exercise of rights or any omission by the Senior Noteholders to exercise such rights other than as described
above; provided, however, that the Servicer must act in accordance with the Servicing Standard, this Agreement and the Servicing
Agreement and the Lead Senior Noteholder shall not be protected against any liability to the Note A-B Holder that would otherwise be imposed
by reason of willful misfeasance, bad faith or negligence.

Each of the Senior Noteholders
acknowledges that, subject to the terms and conditions hereof, the Note A-B Holder may exercise, or omit to exercise, any rights that
the Note A-B Holder may have under this Agreement and the Servicing Agreement in a manner that may be adverse to the interests of the
Senior Noteholders and that the Note A-B Holder shall have no liability whatsoever to the Senior Noteholders in connection with the Note
A-B Holder’s exercise of rights or any omission by the Note A-B Holder to exercise such rights; provided, however,
that the Note A-B Holder shall not be protected against any liability to the Senior Noteholders that would otherwise be imposed by reason
of willful misfeasance, bad faith or negligence.

Section 10.           
Bankruptcy. Subject to the provisions of Section 5(f) hereof, the Non-Lead Senior Noteholder and the Note A-B Holder hereby
covenant and agree that only the Lead Senior Noteholder (or the Servicer on its behalf) has the right to institute, file, commence, acquiesce,
petition under Bankruptcy Code Section 303 or otherwise or join any Person in any such petition or otherwise invoke or cause any other
Person to invoke an Insolvency Proceeding with respect to or against the Mortgage Loan Borrower or seek to appoint a receiver, liquidator,
assignee, trustee, custodian, sequestrator or other similar official with respect to the Mortgage Loan Borrower or all or any part of
its property or assets or ordering the winding-up or liquidation of the affairs of the Mortgage Loan Borrower. Subject to the provisions
of Section 5(f) hereof, the Non-Lead Senior Noteholder and the Note A-B Holder further agree that only the Lead Senior Noteholder, as
a creditor, can make any election, give any consent, commence any action or file any motion, claim, obligation, notice or application
or take any other action in any case by or against the Mortgage Loan Borrower under the Bankruptcy Code or in any other Insolvency Proceeding.
The Non-Lead Senior Noteholder and the Note A-B Holder hereby appoint the Lead Senior Noteholder as their agent, and grants to the Lead
Senior Noteholder an irrevocable power of attorney coupled with an interest, and its proxy, for the purpose of exercising any and all
rights and taking any and all actions available to the Non-Lead Senior Noteholder and the Note A-B Holder in connection with any case
by or against the Mortgage Loan Borrower under the Bankruptcy Code or in any other Insolvency Proceeding, including, without limitation,
the right to file and/or prosecute any claim, vote to accept or reject a plan, to make any election under Section 1111(b) of the Bankruptcy
Code with respect to the Mortgage Loan, and to file a motion to modify, lift or terminate the automatic stay with respect to the Mortgage
Loan. Each of the Non-Lead Senior Noteholder and the Note A-B Holder hereby agrees that, upon the request of the Lead Senior Noteholder,
each of the Non-Lead Senior Noteholder and the Note A-B Holder shall execute, acknowledge and deliver to the Lead Senior Noteholder all
and every such further deeds, conveyances and instruments as the Lead Senior

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Noteholder may reasonably request for the better
assuring and evidencing of the foregoing appointment and grant. All actions taken by the Servicer in connection with any Insolvency Proceeding
are subject to and must be in accordance with the Servicing Standard and this Agreement.

Section 11.           
Cure Rights of the Note A-B Holder.

(a)               
Subject to Section 11(b) below, in the event that the Mortgage Loan Borrower fails to make any payment of principal or interest
on the Mortgage Loan by the end of the applicable grace period for such payment permitted under the applicable Mortgage Loan Documents
(a “Monetary Default”), the Lead Senior Noteholder shall promptly provide notice to the Note A-B Holder and the Controlling
Noteholder Representative of such default (the “Monetary Default Notice”). The Note A-B Holder shall have the right,
but not the obligation, to cure such Monetary Default within ten (10) Business Days after receiving the Monetary Default Notice (the “Cure
Period”). At the time a payment is made to cure a Monetary Default, the Note A-B Holder shall pay or reimburse the Senior Noteholders
for all unreimbursed Advances (whether or not recoverable), Advance Interest Amounts, any unpaid fees to any Servicer and any Additional
Servicing Expenses. The Note A-B Holder shall not be required, in order to effect a cure hereunder, to pay any default interest or late
charges under the Mortgage Loan Documents. So long as a Monetary Default exists for which a cure payment permitted hereunder is made,
such Monetary Default shall not be treated as an Event of Default by the Senior Noteholders (including for purposes of (i) the definition
of “Sequential Pay Event,” (ii) accelerating the Mortgage Loan, modifying, amending or waiving any provisions of the Mortgage
Loan Documents or commencing proceedings for foreclosure or the taking of title by deed-in-lieu of foreclosure or other similar legal
proceedings with respect to the Mortgaged Property, or (iii) treating the Mortgage Loan as a Specially Serviced Mortgage Loan); provided
that such limitation shall not prevent the Lead Senior Noteholder from collecting default interest or late charges from the Mortgage Loan
Borrower. Any amounts advanced by a Noteholder on behalf of the Mortgage Loan Borrower to effect any cure shall be reimbursable to such
Noteholder under Section 3 or Section 4, as applicable.

(b)              
Notwithstanding anything to the contrary contained in Section 11(a), the Note A-B Holder shall be limited to six (6) cures of Monetary
Defaults in any 12 month period, but in no event more than twelve (12) cures of Monetary Defaults over the term of the Mortgage Loan,
and six (6) cures of Non-Monetary Defaults over the term of the Mortgage Loan, it being understood that a Non-Monetary Default Cure Period
that may extend longer than one month in accordance with Section 11(d) shall be considered to be a single cure. Additional Cure Periods
shall only be permitted with the consent of the Lead Senior Noteholder.

(c)               
No action taken by the Note A-B Holder in accordance with this Agreement shall excuse performance by the Mortgage Loan Borrower
of its obligations under the Mortgage Loan Documents and the Senior Noteholders’ rights under the Mortgage Loan Documents shall
not be waived or prejudiced by virtue of the Note A-B Holder’s actions under this Agreement. Subject to the terms of this Agreement,
the Note A-B Holder shall be subrogated to the Senior Noteholders’ rights to any payment owing to the Senior Noteholder for which
the Note A-B Holder makes a cure payment as permitted under this Section 11 but such

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subrogation rights may not be exercised against
the Mortgage Loan Borrower until 91 days after the Note is paid in full.

(d)              
If an Event of Default (other than a Monetary Default) occurs and is continuing under the Mortgage Loan Documents (a “Non-Monetary
Default”), the Lead Senior Noteholder (or the Servicer on its behalf) shall promptly provide notice to the Note A-B Holder and
the Controlling Noteholder Representative of such failure (the “Non-Monetary Default Notice”) and the Note A-B Holder
shall have the right, but not the obligation, to cure such Non-Monetary Default within ten (10) days from the later of (i) the expiration
of the cure period of the Mortgage Loan Borrower under the Mortgage Loan Documents and (ii) receipt of the Non-Monetary Default Notice;
provided, however, if such Non-Monetary Default is susceptible of cure but cannot reasonably be cured within such period
and if curative action was promptly commenced and is being diligently pursued by the Note A-B Holder, the Note A-B Holder shall be given
an additional period of time as is reasonably necessary to enable the Note A-B Holder in the exercise of due diligence to cure such Non-Monetary
Default for so long as (i) the Note A-B Holder diligently and expeditiously proceeds to cure such Non-Monetary Default, (ii) the Note
A-B Holder makes all cure payments that it is permitted to make in accordance with the terms and provisions of Section 11(a) hereof, (iii)
such additional period of time does not exceed sixty (60) days, (iv) such Non-Monetary Default is not caused by an Insolvency Proceeding
or during such period of time that the Note A-B Holder has to cure a Non-Monetary Default in accordance with this Section 11(d) (the “Non-Monetary
Default Cure Period”), an Insolvency Proceeding does not occur and (v) during such Non-Monetary Default Cure Period, there is
no material adverse effect on the Mortgage Loan Borrower or the Mortgaged Property or the value of the Mortgage Loan as a result of such
Non-Monetary Default or the attempted cure.

Section 12.           
Purchase of the Senior Notes by the Note A-B Holder. The Note A-B Holder shall have the right, by written notice to the
Senior Noteholders (a “Noteholder Purchase Notice”), delivered at any time an Event of Default under the Mortgage Loan
has occurred and is continuing, to purchase, in immediately available funds, both of the Senior Notes in whole but not in part at the
applicable Defaulted Mortgage Loan Purchase Price. Upon the delivery of the Noteholder Purchase Notice to the Senior Noteholders, the
Senior Noteholders shall sell (and the Note A-B Holder shall purchase) the Senior Notes (including, without limitation, any Notes therein)
at the applicable Defaulted Mortgage Loan Purchase Price, on a date (the “Defaulted Note Purchase Date”) (i) not more
than fifteen (15) Business Days after the written exercise by the Note A-B Holder to purchase the Senior Notes or (ii) not more than forty
(40) days after the written exercise by the Note A-B Holder to purchase the Senior Notes if the Note A-B Holder deposits 10% of the Defaulted
Mortgage Loan Purchase Price with the Senior Noteholder within ten (10) Business Days after the written exercise of the Note A-B Holder
to purchase the Senior Notes. The Noteholder Purchase Notice shall contain a statement that the Note A-B Holder’s failure to purchase
the Senior Notes on a Defaulted Note Purchase Date will result in the termination of such right. The Note A-B Holder agrees that the sale
of the Senior Notes shall comply with all requirements of the Servicing Agreement and that all costs and expenses related thereto shall
be paid by the Note A-B Holder. The Defaulted Mortgage Loan Purchase Price shall be calculated by the Lead Senior Noteholder (or the Servicer
on its behalf) three (3) Business Days prior to the Defaulted Note Purchase Date (and such calculation shall be accompanied by a listing
of all amounts included in the Defaulted Mortgage Loan Purchase Price), and shall, absent manifest error, be binding upon the Note A-B
Holder. Concurrently

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with the payment to the Senior Noteholders
in immediately available funds of its respective portion of the applicable Defaulted Mortgage Loan Purchase Price, the Senior Noteholders
shall execute at the sole cost and expense of the Note A-B Holder in favor of the Note A-B Holder assignment documentation that will assign
the Senior Notes and the Mortgage Loan Documents without recourse, representations or warranties (except each of the Senior Noteholders
will represent and warrant that it had good and marketable title to, was the sole owner and holder of, and had power and authority to
deliver the Mortgage Loan or Note, as applicable, free and clear of all liens and encumbrances). The right of the Note A-B Holder to purchase
the Senior Notes shall automatically terminate upon a foreclosure sale, sale by power of sale or acceptance of a deed in lieu of foreclosure
with respect to the Mortgaged Property (and the Lead Senior Noteholder shall give the Note A-B Holder fifteen (15) days’ notice
of its intent with respect to any such action). Notwithstanding the foregoing sentence, if title to the Mortgaged Property is transferred
to the Lead Senior Noteholder (or a designee on its behalf) less than fifteen (15) days after the acceleration of the Mortgage Loan, the
Lead Senior Noteholder shall notify the Note A-B Holder of such transfer and the Note A-B Holder shall have a fifteen (15) day period
from the date of such notice from the Lead Senior Noteholder to deliver the Noteholder Purchase Notice to the Senior Noteholders, in which
case the Note A-B Holder will be obligated to purchase the Mortgaged Property, in immediately available funds, within such fifteen (15)
day period at the applicable Defaulted Mortgage Loan Purchase Price.

Section 13.           
Representations of the Note A-B Holder. The Note A-B Holder represents, and it is specifically understood and agreed, that
it is acquiring Note A-B for its own account in the ordinary course of its business and the Senior Noteholders shall otherwise have no
liability or responsibility to the Note A-B Holder except as expressly provided herein or for actions that are taken or omitted to be
taken by any Senior Noteholder that constitute gross negligence or willful misconduct or that constitute a breach of this Agreement. The
Note A-B Holder represents and warrants that the execution, delivery and performance of this Agreement is within its corporate powers,
has been duly authorized by all necessary corporate action, and does not contravene its charter or any law or contractual restriction
binding upon the Note A-B Holder, and that this Agreement is the legal, valid and binding obligation of the Note A-B Holder enforceable
against the Note A-B Holder in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization,
moratorium or other similar laws affecting the enforcement of creditors’ rights generally, and by general principles of equity (regardless
of whether such enforceability is considered in a proceeding in equity or at law), and except that the enforcement of rights with respect
to indemnification and contribution obligations may be limited by applicable law. The Note A-B Holder represents and warrants that it
is duly organized, validly existing, in good standing and possesses of all licenses and authorizations necessary to carry on its business.
The Note A-B Holder represents and warrants that (a) this Agreement has been duly executed and delivered by the Note A-B Holder, (b) to
the Note A-B Holder’s actual knowledge, all consents, approvals, authorizations, orders or filings of or with any court or governmental
agency or body, if any, required for the execution, delivery and performance of this Agreement by the Note A-B Holder have been obtained
or made, (c) to the Note A-B Holder’s actual knowledge, there is no pending action, suit or proceeding, arbitration or governmental
investigation against the Note A-B Holder, an adverse outcome of which would materially and adversely affect its performance under this
Agreement and (d) the acquisition and holding of Note A-B will not result in a non-exempt violation of any applicable

    41 

    	 

    

federal, state or local law that is materially
similar to Section 406 of ERISA or Section 4975 of the Code.

The Note A-B Holder acknowledges
that the Senior Noteholders do not owe the Note A-B Holder any fiduciary duty with respect to any action taken under the Mortgage Loan
Documents and, except as provided herein, need not consult with the Note A-B Holder with respect to any action taken by any Senior Noteholder
in connection with the Mortgage Loan.

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

Section 14.           
Representations of the Senior Noteholders. Each of the Senior Noteholders represents and warrants that the execution, delivery
and performance of this Agreement is within its respective corporate powers, has been duly authorized by all necessary corporate action,
and does not contravene such Senior Noteholder’s charter or any law or contractual restriction binding upon such Senior Noteholder,
and that this Agreement is the legal, valid and binding obligation of such Senior Noteholder, enforceable against it in accordance with
its terms. Each of the Senior Noteholders represents and warrants that it is duly organized, validly existing, in good standing and possession
of all licenses and authorizations necessary to carry on its business. Each of the Senior Noteholders represents and warrants that (a)
this Agreement has been duly executed and delivered by such Senior Noteholder, (b) to such Senior Noteholder’s actual knowledge,
all consents, approvals, authorizations, orders or filings of or with any court or governmental agency or body, if any, required for the
execution, delivery and performance of this Agreement by such Senior Noteholder have been obtained or made and (c) to each of the
Senior Noteholder’s actual knowledge, there is no pending action, suit or proceeding, arbitration or governmental investigation
against such Senior Noteholder, an adverse outcome of which would materially and adversely affect its performance under this Agreement.

Section 15.           
Independent Analysis of the Note A-B Holder. The Note A-B Holder acknowledges that it has, independently and without reliance
upon any Senior Noteholder, except with respect to the representations and warranties provided by the Senior Noteholders herein, and based
on such documents and information as it has deemed appropriate, made its own credit analysis and decision to purchase Note A-B and the
Note A-B Holder accepts responsibility therefor. The Note A-B Holder hereby acknowledges that, other than the representations and warranties
provided herein, the Senior Noteholders have made no representations or warranties with respect to the Mortgage Loan, subject to such
representations and warranties as provided by the Senior Noteholders herein, and that the Senior Noteholders shall have no responsibility
for (i) the collectibility of the Mortgage Loan, (ii) the validity, enforceability or legal effect of any of the Mortgage Loan Documents
or the title insurance policy or policies or any survey furnished or to be furnished to the Senior Noteholders in connection with the
origination of the Mortgage Loan, (iii) the validity, sufficiency or effectiveness of the lien created or to be created by the Mortgage
Loan Documents, or (iv) the financial condition of the Mortgage Loan Borrower. Each Senior Noteholder assumes all risk of loss in connection
with its Senior Note except as specifically set forth herein. The Note A-B

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Holder assumes all risk of loss in connection
with Note A-B except as specifically set forth herein.

Section 16.           
No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant
hereto shall be deemed to constitute the relationship created hereby among any of the Noteholders as a partnership, association, joint
venture or other entity. The Senior Noteholders shall have no obligation whatsoever to offer to the Note A-B Holder the opportunity to
purchase a Note interest in any future loans originated by any Senior Noteholder or its Affiliates and if any Senior Noteholder chooses
to offer to the Note A-B Holder the opportunity to purchase a Note interest in any future mortgage loans originated by such Senior Noteholder
or its Affiliates, such offer shall be at such purchase price and interest rate as such Senior Noteholder chooses, in its sole and absolute
discretion. The Note A-B Holder shall not have any obligation whatsoever to purchase from any Senior Noteholder a Note interest in any
future loans originated by such Senior Noteholder or its Affiliates.

Section 17.           
Not a Security. Note A-B shall not be deemed to be a security within the meaning of the Securities Act of 1933 or the Securities
Exchange Act of 1934.

Section 18.           
Other Business Activities of the Noteholders. Each Noteholder acknowledges that any Noteholder or its Affiliates may make
loans or otherwise extend credit to, and generally engage in any kind of business with, any Affiliate of the Mortgage Loan Borrower Related
Party, and receive payments on such other loans or extensions of credit to Mortgage Loan Borrower Related Parties and otherwise act with
respect thereto freely and without accountability in the same manner as if this Agreement and the transactions contemplated hereby were
not in effect.

Section 19.           
Sale of the Senior Notes and Note A-B.

(a)               
The Note A-B Holder agrees that it will not Transfer all or any portion of Note A-B except that the Note A-B Holder shall have
the right to Transfer its respective Note, or any portion thereof, without the consent of the Senior Noteholders or any other Person (i)
to a Qualified Transferee, or (ii) to an entity that is not a Qualified Transferee, provided that:

(A) in the case of
both clauses (i) and (ii) such transfer would not cause Note A-B to be directly held by more than five (5) Persons, and

(B) in the case of
clause (ii) the Note A-B Holder obtains (1) prior to a Securitization, the consent of the Lead Senior Noteholder, which shall not be unreasonably
withheld, delayed or conditioned and (2) after a Securitization, Rating Agency Confirmation (and for avoidance of doubt, no consent of
the Lead Senior Noteholder shall be required after a Securitization).

If Note A-B is held by more
than one Note A-B Holder at any time, the holders of a majority of the Note A-B Principal Balance shall immediately appoint a representative
to exercise all rights of Note A-B hereunder.

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Notwithstanding the foregoing,
without the Senior Noteholders’ prior consent, which may be withheld in their sole discretion, the Note A-B Holder shall not Transfer
all or any portion of Note A-B to the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party and any such Transfer shall be
absolutely null and void and shall vest no rights in the purported transferee. The Note A-B Holder agrees it will pay the reasonable documented
expenses of the Senior Noteholders (including all expenses of the Master Servicer and the Special Servicer) in connection with any such
Transfer by the Note A-B Holder.

(b)              
Notwithstanding the foregoing, the Note A-B Holder shall have the right, without the need to obtain the consent of the Senior Noteholders
or any other Person, to Transfer 49% or less (in the aggregate) of its interest in Note A-B to any Person; provided that any such
Transfer shall be made in accordance with the other terms of this Section 19.

(c)               
All Transfers of Note A-B, other than transfer of a participation interest in Note A-B, under Sections 19(a) and (b) shall be made
upon written notice to the Senior Noteholder not later than the date of such Transfer, and each transferee shall (i) execute an assignment
and assumption agreement whereby such transferee represents that it is a Qualified Transferee (except in the case of a transfer of less
than 49% of Note A-B) or that the applicable consent and/or confirmation described in Section 19(a) has been obtained and assumes all
or a ratable portion, as the case may be, of the obligations of the Note A-B Holder hereunder with respect to Note A-B from and after
the date of such assignment (or, in the case, of a pledge, collateral assignment or other encumbrance made in accordance with Section
19(g) by the Note A-B Holder of Note A-B solely as security for a loan to the Note A-B Holder made by a third-party lender whereby the
Note A-B Holder remains fully liable under this Agreement, on or before the date on which such lender succeeds to the rights of the Note
A-B Holder by foreclosure or otherwise, such third-party lender executes an agreement that such lender shall be bound by the terms and
provisions of this Agreement and the obligations of the Note A-B Holder hereunder) and (ii) agree in writing to be bound by the Servicing
Agreement.

(d)              
Upon the consummation of a Transfer of all or any portion of a Note in accordance with this Agreement, the transferring Person
shall be released from all liability arising under this Agreement with respect to such Note (or the portion thereof that was the subject
of such Transfer) for the period after the effective date of such Transfer (it being understood and agreed that the foregoing release
shall not apply in the case of a sale, assignment, transfer or other disposition of a participation interest in a Note). In connection
with any such permitted transfer of a portion of any Note and for all purposes of this Agreement, the other Noteholders need only recognize
the majority holder of the respective Notes for purposes of notices, consents and other communications between the parties and such majority
holder of a Note shall be the only Person authorized hereunder to exercise any rights of the respective Noteholder under this Agreement;
provided, however, the majority holder of a Note may from time to time designate any other Person as an additional party
entitled to receive notices, consents and other communications and/or to exercise rights on behalf of a holder of such Note hereunder
by delivering written notice thereof to the other Noteholders, and, from and after delivery of such notice, such designee shall be so
authorized hereunder and shall be the only party entitled to receive such notices, consents and such other communications and/or to exercise
such rights.

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(e)               
 In the case of any sale, assignment, transfer or other disposition of a participation interest in a Note, (i) such Noteholder’s
obligations under this Agreement shall remain unchanged, (ii) such Noteholder shall remain solely responsible for the performance
of such obligations, (iii) the other Noteholders and any Persons acting on its behalf shall continue to deal solely and directly
with such Noteholder in connection with such Noteholder’s rights and obligations under this Agreement and the Servicing Agreement,
and (iv) all amounts payable hereunder shall be determined as if such Noteholder had not sold such participation interest; provided,
however, that if the applicable participant is a Qualified Transferee (and delivers to the other Noteholders a certification from
an authorized officer confirming its status as a Qualified Transferee), such Noteholder, by written notice to the other Noteholders, may
delegate to such participant such Noteholder’s right to exercise the rights of the Controlling Noteholder hereunder and under the
Servicing Agreement; provided, further, however, that upon the occurrence of a Control Appraisal Period with respect
to Note A-B, the aforesaid delegation of rights shall terminate and be of no further force and effect.

(f)               
Each of the Senior Noteholders shall have the right to Transfer all or any portion of its Senior Note without the prior consent
of any Noteholder except that, no Senior Noteholder may Transfer all or any portion of its Senior Note to the Mortgage Loan Borrower or
a Mortgage Loan Borrower Related Party and any such Transfer to the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party shall
be absolutely null and void and shall vest no rights in the purported transferee.

(g)              
Notwithstanding anything to the contrary contained herein, any Noteholder may pledge or transfer (a “Pledge”)
its Note to any entity (other than the Mortgage Loan Borrower or any Affiliate thereof) that has either extended a credit or repurchase
facility to, or is involved in the facilitation of a securities issuance program for, such Noteholder and that, in each case, is either
a Qualified Transferee or a financial institution whose long-term unsecured debt is rated at least “A” (or the equivalent)
or better by each Rating Agency (a “Note Pledgee”), or to a Person with respect to which a Rating Agency Confirmation
has been obtained, on terms and conditions set forth in this Section 19(g), it being further agreed that a financing provided by
a Note Pledgee to a Noteholder or any Affiliate that Controls such Noteholder that is secured by such Noteholder’s interest in its
respective Note and is structured as a repurchase arrangement, shall qualify as a “Pledge” hereunder, provided that
a Note Pledgee that is not a Qualified Transferee may not take title to the pledged Note without (a) prior to Securitization, the consent
of each other Noteholder and (b) after Securitization, Rating Agency Confirmation. Upon written notice, if any, by the pledging Noteholder
to the other Noteholders and the Servicer that a Pledge has been effected (including the name and address of the applicable Note Pledgee),
each of the other Noteholders agrees to acknowledge receipt of such notice and thereafter agrees: (i) to give such Note Pledgee written
notice of any default by the pledging Noteholder in respect of its obligations under this Agreement of which default such Noteholder has
actual knowledge and which shall be given simultaneously with the giving of such notice to the pledging Noteholder; (ii) to allow
such Note Pledgee a period of ten (10) Business Days to cure a default by the pledging Noteholders in respect of its obligations
to the other Noteholders hereunder, but such Note Pledgee shall not be obligated to cure any such default; (iii) that no amendment,
modification, waiver or termination of this Agreement shall be effective against such Note Pledgee without the written consent of such
Note Pledgee, which consent shall not be unreasonably withheld, conditioned or delayed and which consent shall be deemed to be given if

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Note Pledgee shall fail to respond to any request
for consent to any such amendment, modification, waiver or termination within 10 Business Days after request thereof; (iv) that such other
Noteholder shall accept any cure by such Note Pledgee of any default of the pledging Noteholder which such pledging Noteholder has the
right to effect hereunder, as if such cure were made by such pledging Noteholder; (v) that such other Noteholder or any Servicer
shall deliver to Note Pledgee such estoppel certificate(s) as Note Pledgee shall reasonably request, provided that any such certificate(s)
shall be in a form reasonably satisfactory to such other Noteholder; and (vi) that, upon written notice (a “Redirection
Notice”) to the other Noteholders and any Servicer by such Note Pledgee that the pledging Noteholder is in default, beyond any
applicable cure periods with respect to the pledging Noteholder’s obligations to such Note Pledgee pursuant to the applicable credit
agreement or other agreement relating to the Pledge between the pledging Noteholder and such Note Pledgee (which notice need not be joined
in or confirmed by the pledging Noteholder), and until such Redirection Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee
(or at any time that the pledging Noteholder otherwise directs that such payments be made to Note Pledgee pursuant to a separate notice)
shall be entitled to receive any payments that any Noteholder or Servicer would otherwise be obligated to pay to the pledging Noteholder
from time to time pursuant to this Agreement or any Servicing Agreement. Any pledging Noteholder hereby unconditionally and absolutely
releases the other Noteholders and any Servicer from any liability to the pledging Noteholder on account of any Noteholder’s or
Servicer’s compliance with any Redirection Notice believed by any Servicer or other Noteholder in good faith to have been delivered
by a Note Pledgee. Note Pledgee shall be permitted to exercise fully its rights and remedies against the pledging Noteholder (and accept
an assignment in lieu of foreclosure as to such collateral), in accordance with applicable law, the pledge agreement, repurchase agreement
or similar agreement between the pledging Noteholder and the Note Pledgee and this Agreement. In such event, or if the pledging Noteholder
otherwise assigns its interests to the Note Pledgee, the other Noteholder and any Servicer shall recognize such Note Pledgee (and any
transferee other than the Mortgage Loan Borrower or any Affiliate thereof that is also a Qualified Transferee at any foreclosure or similar
sale held by such Note Pledgee or any transfer in lieu of foreclosure), and its successor and assigns, as the successor to the pledging
Noteholder’s rights, remedies and obligations under this Agreement, and any such Note Pledgee or Qualified Transferee shall assume
in writing the obligations of the pledging Noteholder hereunder accruing from and after such Transfer (i.e., realization upon the collateral
by such Note Pledgee) and agrees to be bound by the terms and provisions of this Agreement. The rights of a Note Pledgee under this Section 19(g)
shall remain effective as to any Noteholder (and any Servicer) unless and until such Note Pledgee shall have notified any such Noteholder
(and any Servicer, as applicable) in writing that its interest in the pledged Note has terminated.

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

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

    46 

    	 

    

(ii)           
 The Conduit Credit Enhancer and conduit manager (if Moody’s rates the Securitization) will be a Qualified Transferee;

(iii)           
Such Noteholder will pledge (or sell, transfer or assign as part of a repurchase facility) its interest in the applicable Note
to the Conduit as collateral for the Conduit Inventory Loan;

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

(v)           
Unless the Conduit is in fact then a Qualified Transferee, the Conduit will not, without obtaining the consent of each other Noteholder,
have any greater right to acquire the interests in the Note pledged by such Noteholder, by foreclosure or otherwise, than would any other
purchaser that is not a Qualified Transferee at a foreclosure sale conducted by a Note Pledgee.

Section 20.           
Registration of Transfer. In connection with any Transfer of a Note (but excluding any Note Pledgee unless and until it
realizes on its Pledge), except for transfer of a participation interest, a transferee shall execute an assignment and assumption agreement
as described in Section 19(c) whereby such transferee assumes all of the obligations of the applicable Noteholder hereunder with respect
to such Note thereafter accruing and agrees to be bound by the terms of this Agreement, including the restriction on Transfers set forth
in Section 19, from and after the date of such assignment. Notwithstanding the preceding sentence, a Trustee shall not be required to
execute an assignment and assumption agreement in connection with any Transfer of a Note if the obligations are assumed pursuant to the
Servicing Agreement. No transfer of a Note may be made unless it is registered on the Note Register, and the Agent shall not recognize
any attempted or purported transfer of any Note in violation of the provisions of Section 19 and this Section 20. Any such purported
transfer shall be absolutely null and void and shall vest no rights in the purported transferee. Each Noteholder desiring to effect such
transfer shall, and does hereby agree to, indemnify the Agent and any other Noteholder against any liability that may result if the transfer
is not made in accordance with the provisions of this Agreement.

Section 21.           
Registration of the Senior Notes and Note A-B. The Agent shall keep or cause to be kept at the Agent Office books (the “Note
Register”) for the registration and transfer of the Notes. The Agent shall serve as the initial Note registrar and the Agent
hereby accepts such appointment. The names and addresses of the holders of the Notes, the principal amount (and stated interest) of the
Notes owing to each Noteholder and the names and addresses of any transferee of any Note of which the Agent has received notice, in the
form of a copy of the assignment and assumption agreement referred to in Section 19(c), shall be registered in the Note Register. The
Person in whose name a Note is so registered shall be deemed and treated as the sole owner and holder thereof for all purposes of this
Agreement. Upon request of a Noteholder, the Agent shall provide such party with the names and addresses of the Noteholders.

    47 

    	 

    

To the extent another party is appointed as
Agent hereunder, the Senior Noteholders and the Note A-B Holder hereby designate such person as its agent under this Section 21 solely
for purposes of maintaining the Note Register.

Section 22.           
Statement of Intent. The Agent and each Noteholder intend that the Notes be classified and the arrangement hereby be maintained,
in a manner consistent with rules applicable to a grantor trust under subtitle A, chapter 1, subchapter J, part I, subpart E of the Code
that is a fixed investment trust within the meaning of Treasury Regulation §301.7701-4(c), and the parties will not take any action
inconsistent with such classification. It is neither the purpose nor the intent of this Agreement to create a partnership, joint venture,
“taxable mortgage pool” or association taxable as a corporation among the parties.

Section 23.           
No Pledge. This Agreement shall not be deemed to represent a pledge of any interest in any Mortgage Loan by the Senior Noteholders
to the Note A-B Holder. Except as otherwise provided in this Agreement and the Servicing Agreement, the Note A-B Holder shall not have
any interest in any property taken as security for any Mortgage Loan, provided, however, that if any such property or the
proceeds of any sale, lease or other disposition thereof shall be received, then the Note A-B Holder shall be entitled to receive its
share of such application in accordance with the terms of this Agreement and/or the Servicing Agreement.

Section 24.           
Governing Law; Waiver of Jury Trial. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS
AGREEMENT, THE RELATIONSHIP OF THE PARTIES TO THIS AGREEMENT, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND DUTIES OF THE
PARTIES TO THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS OF THE STATE OF NEW YORK,
WITHOUT REGARD TO THE CHOICE OF LAW RULES THEREOF. EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION,
PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT.

Section 25.           
Submission To Jurisdiction; Waivers. Each party hereto hereby irrevocably and unconditionally:

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

(b)              
CONSENTS THAT ANY SUCH ACTION OR PROCEEDING MAY BE BROUGHT IN SUCH COURTS AND, TO THE EXTENT PERMITTED BY LAW, WAIVES ANY OBJECTION
THAT IT MAY NOW OR HEREAFTER HAVE TO THE VENUE OF ANY SUCH ACTION OR PROCEEDING IN ANY SUCH COURT OR THAT SUCH

    48 

    	 

    

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

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

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

Section 26.           
Modifications; Amendment. This Agreement shall not be modified, cancelled or terminated except by an instrument in writing
signed by the parties hereto (other than as set forth in Section 5(c)) and, after Securitization, any modification that materially affects
the rights of the Senior Noteholders shall be subject to Rating Agency Confirmation, except that no Rating Agency Confirmation shall be
required in connection with a modification to cure any ambiguity or to correct or supplement any provision herein that may be defective
or inconsistent with any other provisions herein or with the Servicing Agreement.

Section 27.           
Successors and Assigns; Third Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon the
parties hereto and their respective successors and permitted assigns. Each of the Master Servicer, Special Servicer, and related Trustee
is an intended third-party beneficiary of this Agreement. Except as provided herein, none of the provisions of this Agreement shall be
for the benefit of or enforceable by any Person not a party hereto. Subject to Section 19, each Noteholder may assign or delegate its
rights or obligations under this Agreement. Upon any such assignment, the assignee shall be entitled to all rights and benefits of the
assigning Noteholder, hereunder, including, without limitation, the right to make further assignments.

Section 28.           
Counterparts. This Agreement may be executed in any number of counterparts and all of such counterparts shall together constitute
one and the same instrument. Delivery of an executed counterpart of a signature page of this Agreement in Portable Document Format (PDF)
or by facsimile transmission shall be effective as delivery of a manually executed original counterpart of this Agreement.

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

Section 30.           
Severability. Wherever possible, each provision of this Agreement shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid under applicable laws, such provision
shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining
provisions of this Agreement.

    49 

    	 

    

Section 31.           
Entire Agreement. This Agreement constitutes the entire agreement among the parties hereto with respect to the subject
matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

Section 32.           
Withholding Taxes.

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

(b)              
The Non-Lead Senior Noteholder and the Note A-B Holder shall and hereby agrees to indemnify the Lead Senior Noteholder against
and hold the Lead Senior Noteholder harmless from and against any Taxes, interest, penalties and reasonable attorneys’ fees and
disbursements arising or resulting from any failure of the Lead Senior Noteholder (or the Servicer on its behalf) to withhold Taxes from
payment made to the Non-Lead Senior Noteholder or the Note A-B Holder in reliance upon any representation, certificate, statement, document
or instrument made or provided by the Non-Lead Senior Noteholder or the Note A-B Holder to the Lead Senior Noteholder in connection with
the obligation of the Lead Senior Noteholder to withhold Taxes from payments made to the Non-Lead Senior Noteholder or the Note A-B Holder,
it being expressly understood and agreed that the Lead Senior Noteholder shall be absolutely and unconditionally entitled to accept any
such representation, certificate, statement, document or instrument as being true and correct in all respects and to fully rely thereon
without any obligation or responsibility to investigate or to make any inquiries with respect to the accuracy, veracity, correctness or
validity of the same.

(c)               
Contemporaneously with the execution of this Agreement and from time to time as reasonably requested by the Lead Senior Noteholder
or Servicer during the term of this Agreement, the Non-Lead Senior Noteholder or the Note A-B Holder shall deliver to the Lead Senior
Noteholder or Servicer, as applicable, evidence satisfactory to the Lead Senior Noteholder substantiating whether the Non-Lead Senior
Noteholder or the Note A-B Holder is a Non-Exempt Person and whether the Lead Senior Noteholder is obligated under applicable law to withhold
Taxes on sums paid to it with respect to the Mortgage Loan or otherwise under this Agreement. Without limiting the effect of the foregoing,
(i) if the Non-Lead Senior Noteholder or the Note A-B Holder is created or organized under the laws of the United States, any state thereof
or the District of Columbia, it shall satisfy the requirements of the preceding sentence by furnishing to the Lead Senior Noteholder an
Internal Revenue Service Form W-9 and (ii) if the

    50 

    	 

    

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

Section 33.           
Custody of Mortgage Loan Documents. The originals of all of the Mortgage Loan Documents (other than the Non-Lead Senior
Note and Note A-B) shall be held by the Lead Senior Noteholder (or a custodian acting on behalf of the Lead Senior Noteholder) on behalf
of the registered holders of the Notes. Notwithstanding anything to the contrary in this Agreement, upon a Securitization of the Lead
Senior Note, the originals of all of the Mortgage Loan Documents (other than the Non-Lead Senior Note and Note A-B) shall be held by the
custodian for the Lead Securitization.

Section 34.           
Notices. All notices required hereunder shall be given by (i) telephone (confirmed promptly in writing) or shall be in writing
and personally delivered, (ii) sent by facsimile transmission (during business hours) if the sender on the same day sends a confirming
copy of such notice by reputable overnight delivery service (charges prepaid), (iii) reputable overnight delivery service (charges prepaid)
or (iv) certified United States mail, postage prepaid return receipt requested, and addressed to the respective parties at their addresses
set forth on Exhibit B hereto, or at such other address as any party shall hereafter inform the other party by written notice given
as aforesaid. All written notices so given shall be deemed effective upon receipt.

All notices and reports (including,
without limitation, Asset Status Reports) required to be delivered hereunder by the Lead Senior Noteholder (or the Servicer on its behalf)
to the Controlling Noteholder (or its Controlling Noteholder Representative), or by the Controlling Noteholder (or its Controlling Noteholder
Representative) to the Lead Senior Noteholder (or the Servicer on its behalf), shall also be delivered by the applicable party to the
Note A-B Holder.

Section 35.           
Broker. The Senior Noteholders and the Note A-B Holder represent to each other that no broker was responsible for bringing
about this transaction.

Section 36.           
[Reserved]

Section 37.           
Certain Matters Affecting the Agent.

    51 

    	 

    

(a)               
 The Agent may request and/or rely upon and shall be protected in acting or refraining from acting upon any officer’s certificate
or assignment and assumption agreement delivered to the Agent pursuant to Section 20;

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

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

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

(e)               
The Agent shall not be bound to make any investigation into the facts or matters stated in any officer’s certificate or assignment
and assumption agreement delivered to the Agent pursuant to Section 20; and

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

Section 38.           
Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Lead Senior
Noteholder. In the event that the Agent is terminated pursuant to this Section 38, all of its rights and obligations under this Agreement
shall be terminated, other than any rights or obligations that accrued prior to the date of such termination.

The Agent may resign at any
time upon notice, so long as a successor Agent, reasonably satisfactory to the Noteholders, has agreed to be bound by this Agreement and
perform the duties of the Agent hereunder. Natixis, as Initial Agent, may transfer its rights and obligations to the Servicer, as successor
Agent, at any time without the consent of any Noteholder. Natixis, as Initial Agent, shall promptly and diligently attempt to cause such
Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity, shall promptly and diligently attempt to cause
a similar servicer to act as successor Agent. The termination or resignation of such Servicer, as Servicer under the Servicing Agreement,
shall be deemed a termination or resignation of such Servicer as Agent under this Agreement.

Upon a Securitization of
the Lead Senior Note, the Certificate Administrator shall automatically become and be the Agent.

Section 39.           
Servicing of the Loan. Pursuant to the Servicing Agreement, the Master Servicer (whose identity may change from time to
time as provided in the Servicing Agreement) will be appointed as the servicer of the Mortgage Loan and the Special Servicer

    52 

    	 

    

(whose identity may change from time to time
as provided in the Servicing Agreement) will be appointed as the special servicer of the Mortgage Loan, and the parties agree that the
Master Servicer and Special Servicer will service the Mortgage Loan on behalf of each Noteholder pursuant to the Servicing Agreement and
subject to the terms hereof. The Senior Noteholders shall not enter into any amendment to any Servicing Agreement that would materially
and adversely affect the rights or interests of the Note A-B Holder without obtaining the Note A-B Holder’s prior written consent
which shall not be unreasonably withheld, conditioned or delayed.

Section 40.           
Conflict. To the extent of any inconsistency between
the Servicing Agreement, on one hand, and this Agreement (without regard to any references in this Agreement to the effect that a given
defined term shall have the meaning of such defined term or an analogous term in the Servicing Agreement), on the other, this Agreement
shall control.

Section 41.           
Resizing. Notwithstanding any other provision of this Agreement, for so long as Natixis or an Affiliate of Natixis (collectively,
an “Original Entity”) is the owner of any Note (the “Owned Note”), such Original Entity shall have
the right, subject to the terms of the Mortgage Loan Documents, to cause the Mortgage Loan Borrower to execute amended and restated notes
or additional notes (in either case, “New Notes”) reallocating the principal and/or interest of the Owned Note to such
New Notes; or severing the Owned Note into one or more further “component” notes in the aggregate principal amount equal to
the then outstanding principal balance of the Owned Note provided that (i) the aggregate principal balance of all outstanding New Notes
following such amendments is no greater than the aggregate principal of the Owned Note prior to such amendments, (ii) immediately after
giving effect to such amendment, the weighted average interest rate of the Notes will be equal to the initial weighted average interest
rate of the Notes immediately prior to such amendment, (iii) such reallocated or component notes shall be automatically subject to the
terms of this Agreement, and (iv) the Original Entity holding the New Notes shall notify the Senior Noteholders, the Master Servicer,
the Special Servicer, the Certificate Administrator and the Trustee in writing of such modified allocations and principal amounts. A New
Note may be structured as a pari passu or senior/subordinate note. If the Lead Senior Noteholder so requests, the Original Entity
holding the New Notes (and any subsequent holder of such Notes) shall execute a confirmation of the continuing applicability of this Agreement
to the New Notes, as so modified. Except for the foregoing reallocation and for modifications pursuant to the Servicing Agreement (as
discussed in Section 5), no Note may be modified or amended without the consent of its holder and the consent of the other Noteholder.
In connection with the foregoing (provided the conditions set forth in (i) through (iv), as certified by the Original Entity, on which
certification the Master Servicer can rely), the Master Servicer is hereby authorized and directed to execute amendments to the Mortgage
Loan Documents and this Agreement on behalf of any or all of the Noteholders, as applicable, solely for the purpose of reflecting such
reallocation of principal and/or interest. If a New Note is created out of the Lead Senior Note, the Original Entity shall designate which
Note will eligible for “control” during a Control Appraisal Period and the holders of all other New Notes will be treated
as “Non-Controlling Senior Noteholders.” If a New Note is created out of the Lead Note, the Lead Senior Noteholder shall designate
which Note will be in the Lead Securitization.

[SIGNATURE PAGE FOLLOWS]

    53 

    	 

    

IN WITNESS WHEREOF, each of the
Note A-A-1 Holder, the Note A-A-2 Holder, the Note A-A-3 Holder, the Note A-A-4 Holder and the Note A-B Holder has caused this Agreement
to be duly executed as of the day and year first above written.

	 	NATIXIS REAL ESTATE CAPITAL LLC, as Initial Note A-A-1 Holder and Initial Agent
	 	By: 	/s/ Andrew Florio
	 	 	Name: Andrew Florio
	 	 	Title: Executive Director
	 	By:	/s/ William Han
	 	 	Name: William Han
	 	 	Title: Director
	 	NATIXIS REAL ESTATE CAPITAL LLC, as Initial Note A-A-2 Holder
	 	By:	/s/ Andrew Florio
	 	 	Name: Andrew Florio
	 	 	Title: Executive Director
	 	By:	/s/ William Han
	 	 	Name: William Han
	 	 	Title: Director
	 	NATIXIS REAL ESTATE CAPITAL, as Initial Note A-A-3 Holder
	 	By:	/s/ Andrew Florio
	 	 	Name: Andrew Florio
	 	 	Title: Executive Director
	 	By:	/s/ William Han
	 	 	Name: William Han
	 	 	Title: Director

 

    54 

    	 

    

 

	 	NATIXIS REAL ESTATE CAPITAL, as Initial Note A-A-4 Holder
	 	By: 	/s/ Andrew Florio
	 	 	Name: Andrew Florio
	 	 	Title: Executive Director
	 	By:	/s/ William Han
	 	 	Name: William Han
	 	 	Title: Director
	 	NATIXIS REAL ESTATE CAPITAL, as Initial Note A-B Holder
	 	By:	/s/ Andrew Florio
	 	 	Name: Andrew Florio
	 	 	Title: Executive Director
	 	By:	/s/ William Han
	 	 	Name: William Han
	 	 	Title: Director

 

 

     

    	 

    

EXHIBIT A

MORTGAGE LOAN SCHEDULE

A.       Description of Mortgage
Loan:

 

	Mortgage Loan:	70 Hudson Street
	Mortgage Loan Borrower:	70 Hudson LLC
	Date of the Mortgage Loan and the Mortgage:	February 11, 2022
	Initial Principal Amount of Mortgage Loan:	$196,950,000
	Location of Mortgaged Property:	70 Hudson Street, Jersey City, New Jersey 07302
	Initial Maturity Date:	March 8, 2027

B.       Description of Notes:

	Initial Note A-A-1 Principal Balance:	$48,000,000
	Initial Note A-A-2 Principal Balance:	$48,000,000
	Initial Note A-A-3 Principal Balance:	$12,000,000
	Initial Note A-A-4 Principal Balance:	$12,000,000
	Initial Note A-B Principal Balance:	$76,950,000
	Initial Note A-A-1 Percentage Interest:	24.3717%
	Initial Note A-A-2 Percentage Interest:	24.3717%
	Initial Note A-A-3 Percentage Interest:	6.0929%
	Initial Note A-A-4 Percentage Interest:	6.0929%

    A-1 

    	 

    

 

	Initial Note A-B Percentage Interest:	39.0708%
	Senior Note Rate:	3.1920%
	Note A-B Rate:	3.1920%
	Note Default Interest Spread:	a rate per annum equal to the lesser of (i) the Maximum Legal Rate, or (ii) five percent (5%) above the Interest Rate

    A-2 

    	 

    

EXHIBIT B

Initial Note A-A-1 Holder, Initial Note A-A-2 Holder, Initial
Note A-A-3 Holder, Initial Note A-A-4 Holder and Initial Note A-B Holder:

NATIXIS REAL ESTATE CAPITAL LLC

Notice Address:

Natixis Real Estate Capital LLC

1251 Avenue of the Americas

New York, New York 10020

Attention: Real Estate Administration

Facsimile: (212) 891-5777

Email: USCIBSAFAssetManagementTeam@natixis.com

with a copy to:

Natixis North America LLC

Office of the General Counsel

1251 Avenue of the Americas

New York, New York 10020

for legal notices, with a copy to:

CMBSlegal.notices@natixis.com

 

 

    B-1 

    	 

    

EXHIBIT C

PERMITTED FUND MANAGERS

 

Westbrook Partners

iStar Financial Inc.

Capital Trust

Archon Capital, L.P.

Whitehall Street Real Estate Fund, L.P.

The Blackstone Group

Normandy Real Estate Partners

Dune Real Estate Partners

AllianceBernstein

Rockwood

RREEF Funds

Hudson Advisors

Artemis Real Estate Partners

Apollo Real Estate Advisors

Colony Capital, Inc.

Praedium Group

Fortress Investment Group, LLC

Lonestar Opportunity Funds

Clarion Partners

Walton Street Capital, LLC

Starwood Financial Trust

BlackRock, Inc.

Eightfold Real Estate Capital, L.P.

Rialto Capital Management, LLC

Rialto Capital Advisors, LLC

Raith Capital Partners, LLC

    C-1 

    	 

    

SCHEDULE I

The Note A-A-1 PSA shall
provide that:

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

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

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

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

(v)               
the Master Servicer, any primary servicer, the Special Servicer and the Lead Trustee, certificate administrator or other party
acting as custodian for the Lead Securitization shall be required to deliver (and shall be required to cause each other servicer and servicing
function participant (within the meaning of Items 1123 and 1122, respectively, of Regulation AB) retained or engaged by it to deliver),
to the parties to the Non-Lead Securitization Servicing Agreement, at its own expense, in a timely manner, the reports, certifications,
compliance statements, accountants’ assessments and attestations, information to be included in reports (including, without limitation,
Form 15G, Form 10K, Form 10D, Form 8K), and other materials specified in each of the other Servicing Agreements as the parties to
the Non-Lead Securitization may require in order to comply with their obligations under the Securities Act of 1933, as amended, Securities
Exchange Act of 1934 (including Rule 15Ga-1), as amended, and Regulation AB, and any other applicable law. Without limiting the generality
of the foregoing, the Lead Senior Noteholder for a Lead Securitization shall provide in a timely manner to the depositor and the trustee
for any prior Securitization a copy of the Servicing Agreement and each Lead Servicer (at the expense of the Lead Senior Noteholder) will
be required, upon prior written request, to provide

    Schedule I-1 

    	 

    

to the depositor and the trustee for any
prior Securitization any other information required to comply in a timely manner with applicable filing requirements under Items 1.01
and 6.02 of Form 8-K, any other disclosure information required pursuant to Regulation AB in a timely manner for inclusion in any disclosure
document (and, with respect to the Servicing Agreement, for filing under Form 8-K), and with respect to the Lead Servicers, upon prior
written request, market indemnification agreements, opinions and Regulation AB compliance letters as were or are being delivered with
respect to the Lead Securitization. As used in this Agreement, “Regulation AB” means Subpart 229.1100 – Asset Backed
Securities (Regulation AB), 17 C.F.R. §§ 229.1100-229.1125, as such may be amended from time to time, and subject to such
clarification and interpretation as have been provided by the United States Securities and Exchange Commission (the “Commission”)
or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time, in each case as effective from
time to time as of the compliance dates specified therein. The Master Servicer, any primary servicer and the Special Servicer, upon prior
written request, shall each be required to provide certification and indemnification to each Certifying Person with respect to the Sarbanes-Oxley
Certification (or analogous terms) as such terms are defined in the Non-Lead Securitization Servicing Agreement;

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

(vii)               
provide that, with respect to the Non-Lead Senior Note , the Master Servicer shall withdraw from the related Collection Account
and remit to the Holder of the Non-Lead Senior Note, within one (1) Business Day of receipt of properly identified funds, any amounts
that represent late collections or principal prepayments on such Non-Lead Senior Note or any successor REO Property with respect thereto
(exclusive of any portion of such amount payable or reimbursable to any third party in accordance with this Agreement), unless such amount
would otherwise be included in the monthly remittance to the Holder of such Non-Lead Senior Note for such month; provided, however,
that to the extent any such amounts are received after 3:00 p.m. Eastern time on any given Business Day, the Master Servicer shall use
commercially reasonable efforts to remit such late collections or principal prepayments to the Non-Lead Master Servicer within one Business
Day of receipt of properly identified funds but, in any event, the Master Servicer shall remit such amounts within two Business Days of
receipt of properly identified funds;

(viii)               
the Non-Lead Senior Noteholder and Junior Noteholder is an intended third-party beneficiary in respect of the rights afforded it
under the Servicing Agreement and each master servicer under a Non-Lead Securitization Servicing Agreement will be entitled to enforce
the rights of the related Trustee

    Schedule I-2 

    	 

    

with respect to such Non-Lead Senior Note
under this Agreement and the Servicing Agreement; and

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

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

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

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

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

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

    Schedule I-3 

    	 

    

cooperate with the related asset representations
reviewer or other applicable party to the Non-Lead Securitization Servicing Agreement in connection with such asset review, including
with respect to providing access to related underlying documents to the extent the asset representations reviewer or such other applicable
party to the Non-Lead Securitization Servicing Agreement has not obtained such documents from the Non-Lead Senior Noteholder and such
documents are in the possession of the applicable party to the Servicing Agreement; and

(xv)               
have provisions materially consistent with those set forth in the Model PSA with respect to:

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

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

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

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

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

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

 

    Schedule I-4 

    	 

    

SCHEDULE II

Each Non-Lead Securitization
Servicing Agreement shall contain provisions to the effect that:

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

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

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

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

(v)               
each of the trustee and the master servicer under the Non-Lead Securitization Servicing Agreement, as applicable, shall acknowledge
that,

    Schedule II-1 

    	 

    

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

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

 

    Schedule II-2

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