Document:

Exhibit
4.14

EXECUTION VERSION

AGREEMENT
BETWEEN NOTEHOLDERS

Dated as of June 24, 2019 

by and between

DEUTSCHE
BANK AG, NEW YORK BRANCH

(Initial Note A-1 Holder)

and

DEUTSCHE
BANK AG, NEW YORK BRANCH

(Initial Note A-2 Holder)

and

DEUTSCHE
BANK AG, NEW YORK BRANCH

(Initial Note A-3 Holder)

and

DEUTSCHE
BANK AG, NEW YORK BRANCH

(Initial Note B Holder)

 

DIAMONDBACK
MORTGAGE LOAN – POOL 1

 

    	 

    	 

    

THIS
AGREEMENT BETWEEN NOTEHOLDERS (“Agreement”), dated as of June 24, 2019, is made by and between DEUTSCHE
BANK AG, NEW YORK BRANCH (“DB” and, together with its successors and assigns in interest, in its capacity
as initial owner of Note A-1, the “Initial Note A-1 Holder”, and in its capacity as the initial agent, the
“Initial Agent”), DB, in its capacity as initial owner of Note A-2 (the “Initial Note A-2 Holder”),
DB, in its capacity as initial owner of Note A-3 (the “Initial Note A-3 Holder”) and DB, in its capacity as
initial owner of Note B (the “Initial Note B Holder”).

W I T N E S S E T H:

WHEREAS,
pursuant to the Mortgage Loan Agreement (as defined herein) DB originated a certain loan described on the schedule attached hereto
as Exhibit A (the “Mortgage Loan Schedule”) (the “Mortgage Loan”) to VEREIT/OW Philadelphia
PA, LLC, VEREIT/OW West Columbia SC, LLC and VEREIT/OW Menomonee Falls WI, LLC (individually or collectively, as the context may
require, the “Mortgage Loan Borrower”), which is evidenced by, inter alia, by (i) one promissory note
in the original principal amount of $40,000,000 (“Note A-1”) made by the Mortgage Loan Borrower in favor of
the Initial Note A-1 Holder, (ii) one promissory note in the original principal amount of $20,000,000 (“Note A-2”)
made by the Mortgage Loan Borrower in favor of the Initial Note A-2 Holder, (iii) one promissory note in the original principal
amount of $10,000,000 (“Note A-3”) made by the Mortgage Loan Borrower in favor of the Initial Note A-3
Holder, and (iv) one promissory note in the original principal amount of $60,250,000 (“Note B”, and together
with Note A-1, Note A-2 and Note A-3, the “Notes”) made by the Mortgage Loan Borrower in favor of the Initial
Note B Holder, and which Mortgage Loan is secured by a first mortgage (as amended, modified or supplemented, the “Mortgage”)
on certain real property located as described on the Mortgage Loan Schedule (the “Mortgaged Property”);

WHEREAS,
an affiliate of DB intends to enter into a Mortgage Loan Purchase Agreement, dated as of a date in June 2019 (the “MLPA”),
between such affiliate, as seller, and GS Mortgage Securities Corporation II (“GSMC”), as purchaser, pursuant
to which such affiliate will agree to sell its right, title and interest in and to Note A-2 to such purchaser, and the MLPA will
contemplate that GSMC, as depositor (in such capacity, the “Depositor”), immediately upon such purchase, will
transfer such Note (and other commercial mortgage assets) to a New York common law trust fund pursuant to a Pooling and Servicing
Agreement, dated as of July 1, 2019 (the “Lead Securitization Servicing Agreement”), among the Depositor, Midland
Loan Services, a Division of PNC Bank, National Association, as master servicer and as special servicer, Wells Fargo Bank, National
Association, as trustee and as certificate administrator, and Pentalpha Surveillance LLC, as operating advisor and as asset representations
reviewer, in exchange for the issuance of the GS Mortgage Securities Trust 2019-GC40, Commercial Mortgage Pass Through Certificates,
Series 2019-GC40, Class A-1, Class A-2, Class A-3, Class A-4, Class A-AB, Class X-A, Class X-B, Class A-S, Class B, Class C, Class
D, Class X-D, Class E, Class F, Class X-F, Class S and Class R and certain other asset-backed securities and residual interests
(such transfer and issuance, together, the “Pool Securitization”);

WHEREAS,
pursuant to the MLPA, such affiliate of DB would also sell its right, title and interest in and to Note B to the Depositor, and
the MLPA will contemplate that the Depositor, immediately upon such purchase, will transfer such Note (and one or more other

    	 

    	 

    

commercial
mortgage assets) to a New York common law trust fund pursuant to the Securitization Servicing Agreement, in exchange for the issuance
of the GS Mortgage Securities Trust 2019-GC40, Commercial Mortgage Pass Through Certificates, Series 2019-GC40, Class DB-A, Class
DB-X, Class DB-B, Class DB-C, Class DB-D, Class DB-E, Class DB-F and certain other asset-backed securities and residual interests
(such transfer and issuance, together, the “Loan-Specific Securitization”; the Loan-Specific Securitization
and the Pool Securitization, together, the “Lead Securitization”); and

WHEREAS,
the parties hereto desire to enter into this Agreement to memorialize the terms under which they, and their successors and assigns,
shall hold 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 Servicing Agreement. Whenever used in this Agreement, the following terms shall have the respective meanings set
forth below unless the context clearly requires otherwise.

“A
Note” shall mean Note A-1, Note A-2 and Note A-3, either individually or in the aggregate as the context may require.

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

“Additional
Servicing Expenses” shall mean (a) all Property Protection Advances and reasonable out-of-pocket expenses incurred by
and reimbursable to any Servicer, Trustee, certificate administrator or fiscal agent pursuant to the Servicing Agreement relating
solely to the Mortgage Loan, and (b) all interest accrued on Advances made by any Servicer or Trustee in accordance with the terms
of the Servicing Agreement; provided that (i) the aggregate special servicing fee (or equivalent) (which fee is payable
solely during the period that the Mortgage Loan is a Specially Serviced Loan) shall not exceed an amount equal to 0.25% per annum
of the outstanding principal balance of the Mortgage Loan, (ii) the special servicing liquidation fee (or equivalent) shall not
exceed 1.0% 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, (iii) the special servicing workout fee (or equivalent) shall
not exceed 1.0% of the collections made with respect to the Mortgage Loan while the Mortgage Loan is a performing or “corrected”
loan (or such other analogous term pursuant to the Servicing Agreement), (iv) in no event shall both a workout fee and a liquidation
fee be payable on the same principal payment, and (v) any such workout fee or liquidation fees shall be excluded if the A Notes
and Note B are purchased within ninety (90) days of the date on which the first Noteholder Purchase Notice was given by the Note
B Holder.

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

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“Advances”
shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement
or a Non-Lead Securitization Servicing Agreement, as applicable (but for purposes hereof shall be limited to Advances in respect
of the Mortgage Loan or the Mortgaged Property).

“Affiliate”
shall mean with respect to any specified Person (i) any other Person Controlling or Controlled by or under common Control
with such specified Person (each a “Common Control Party”), (ii) any other Person owning, directly or
indirectly, ten percent (10%) or more of the beneficial interests in such Person or (iii) any other Person in which such
Person or a Common Control Party owns, directly or indirectly, ten percent (10%) or more of the beneficial interests.

“Agent”
shall mean the Initial Agent (or an Affiliate of the Initial Agent) or such Person to whom the Initial Agent shall delegate its
duties hereunder, and from and after the Lead Securitization Date shall mean the Master Servicer.

“Agent
Office” shall mean the designated office of the Agent in the State of New York, which office at the date of this Agreement
is the office of the Initial 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 Noteholders.

“Agreement”
shall mean this Agreement between Noteholders, the exhibits and schedule hereto and all amendments hereof and supplements hereto.

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

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

“Asset
Representations Reviewer” shall mean the asset representations reviewer appointed pursuant to the Lead Securitization.

“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.

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

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

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“Borrower
Party” shall mean the Mortgage Loan Borrower, a manager of the Mortgaged Property, a Restricted Mezzanine Holder or
any Borrower Party Affiliate.

“Borrower
Party Affiliate” shall mean, with respect to the Mortgage Loan Borrower, a manager of the Mortgaged Property or a Restricted
Mezzanine Holder, (a) any other Person controlling or controlled by or under common control with such Mortgage Loan Borrower,
manager or Restricted Mezzanine Holder, as applicable, or (b) any other Person owning, directly or indirectly, 10% or more
of the beneficial interests in such Mortgage Loan Borrower, manager or Restricted Mezzanine Holder. For the purposes of this definition,
“control” when used with respect to any specified Person means the power to direct the management and policies of
such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise and the terms
“controlling” and “controlled” have meanings correlative to the foregoing.

“Business
Day” shall have the meaning assigned to such term in the Servicing Agreement or a Non-Lead Securitization Servicing
Agreement, as applicable.

“CDO
Asset Manager” with respect to any Securitization Vehicle which is a CDO, shall mean the entity which is responsible
for managing or administering the applicable 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 the applicable Note).

“Certificate
Administrator” shall mean the certificate administrator appointed pursuant to the Lead Securitization Servicing Agreement.

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

“Collection
Account” shall have the meaning assigned to the term “collection account” or “custodial account”
(before the Lead Securitization) or “whole loan custodial account” (after the Lead Securitization) in the Servicing
Agreement or such other analogous term used in the Servicing Agreement.

“Commission”
means the U.S. Securities and Exchange Commission or any successor thereto.

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

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

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

“Control”
means 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.

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

(a)               
(1) the Initial Note 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 B after the date of creation
of Note B, (y) any Appraisal Reduction Amount for the Mortgage Loan that is allocated to Note B and (z) any losses realized
with respect to the Mortgaged Property or the Mortgage Loan that are allocated to Note B, is less than

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

provided
that a Control Appraisal Period shall terminate upon the occurrence of a Threshold Event Cure by the Note B Holder.

“Controlling
Class Representative” shall mean the holders of the majority of the class of securities issued in the Note A-1 Securitization
designated as the “controlling class” pursuant to the related Non-Lead Securitization Servicing Agreement for the
Note A-1 Securitization or their duly appointed representative.

“Controlling
Noteholder” shall mean as of any date of determination (i) the Note B Holder, unless a Control Appraisal Period has
occurred and is continuing and (ii) if and for so long as a Control Appraisal Period has occurred and is continuing, the Note
A-1 Holder; provided that at any time the Note A-1 Holder is the Controlling Noteholder and Note A-1 is included in the Note A-1
Securitization, references to the “Controlling Noteholder” herein shall mean the Controlling Class Representative
or any other party assigned the rights to exercise the rights of the “Controlling Noteholder” hereunder, as and to
the extent provided in the Non-Lead Securitization Servicing Agreement for the Note A-1 Securitization; and provided further
that, if the Note B Holder would be the Controlling Noteholder pursuant to the terms hereof, but any interest in Note B is
held by a Borrower Party, or a Borrower Party would otherwise be entitled to exercise the rights of the Controlling Noteholder
in respect of Note B, then a Control Appraisal Period shall be deemed to have occurred.

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

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

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

“DBRS”
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.

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“Defaulted
Mortgage Loan Purchase Price” shall mean, in connection with the purchase of the A Notes by the Note B Holder,
the sum, without duplication, of each of the following to the extent that such amounts have not been previously paid or reimbursed
pursuant to Section 3 or Section 4 of this Agreement: (a) the Note A Principal Balance, (b) accrued
and unpaid interest, on the Note A Principal Balance at the Note A 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 due under the Mortgage Loan to the Note A Holders, other
than Prepayment Premiums, default interest, late fees, exit fees and any other similar fees, provided that if a Borrower
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) without duplication of amounts under clause (c), any unreimbursed Advances
and any expenses incurred in enforcing the Mortgage Loan Documents (including, without limitation, Property Protection Advances
payable or reimbursable to any Servicer, and special servicing fees incurred by or on behalf of the Note A Holders), (e)
without duplication of amounts under clause (c), any accrued and unpaid Advance Interest Amount with respect to an
Advance made by or on behalf of the Note A Holders, (f) (x) if a Borrower Party is the purchaser, or (y) if the Mortgage
Loan is purchased more than 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 with respect to the Mortgage Loan and (g) any
Recovered Costs not reimbursed previously to the Note A Holders pursuant to this Agreement. Notwithstanding the foregoing,
if the purchasing Noteholder is purchasing from a Borrower Party, the Defaulted Mortgage Loan Purchase Price shall not include
the amounts described under clauses (d) through (f) of this definition. If the Mortgage Loan is converted into a
Foreclosure Property, for purposes of determining the Defaulted Mortgage Loan Purchase Price, interest will be deemed to continue
to accrue on Note A at the Note A Default Rate 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 Purchasing Noteholder under this Agreement.

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

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

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

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

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

“Final
Recovery Determination” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous
term used in the Servicing Agreement.

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

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

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

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

“Initial
Note A-1 Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

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

“Initial
Note A-2 Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

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

“Initial
Note A-3 Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

“Initial
Note B Holder” shall have the meaning assigned to such term in the recitals.

“Initial
Note B Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

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

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“Insurance
and Condemnation Proceeds” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous
term used in the Servicing Agreement.

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

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

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

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

“Lead
Securitization Notes” shall mean Note A-2 and Note B.

“Lead
Securitization Noteholder” shall mean the Lead Securitization Trust so long as it holds one or more of the Lead Securitization
Notes and otherwise shall mean the Note A-2 Holder.

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

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

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

“Major
Decision Reporting Package” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous
term used in the Servicing Agreement.

“Major
Decision” shall have the meaning given to such term or any one or more analogous terms in the Servicing Agreement; provided
that at any time that the Lead Securitization Note is no longer an asset of the trust fund created pursuant to the Lead Securitization
Servicing Agreement, “Major Decision” shall mean:

(i)           
any proposed or actual foreclosure upon or comparable conversion (which shall include acquisitions of any Foreclosure Property)
of the ownership of the property or properties securing the Mortgage Loan if it comes into and continues in default;

(ii)           
any modification, consent to a modification or waiver of any monetary term (other than the waiver or reduction of late
fees and default interest) or material non-monetary term (including, without limitation, the timing of payments and acceptance
of discounted payoffs) of the Mortgage Loan Documents or any extension of the maturity date of the Mortgage Loan;

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(iii)           
following a default or an Event of Default with respect to the Mortgage Loan Documents, any exercise of remedies, including
the acceleration of the Mortgage Loan or initiation of any proceedings, judicial or otherwise, under the related Mortgage Loan
Documents;

(iv)           
any sale of the Mortgage Loan (when it is a Specially Serviced Loan) or Foreclosure Property for less than the applicable
Purchase Price (as defined in the Servicing Agreement);

(v)           
any determination to bring the Mortgaged Property or a Foreclosure Property into compliance with applicable environmental
laws or to otherwise address any Hazardous Materials (as defined in the Servicing Agreement) located at the Mortgaged Property
or a Foreclosure Property;

(vi)           
any release of collateral or any acceptance of substitute or additional collateral for the Mortgage Loan or any consent
to either of the foregoing, other than if required pursuant to the specific terms of the related Mortgage Loan Documents and for
which there is no lender discretion;

(vii)           
any waiver of or any determination not to enforce a “due-on-sale” or “due-on-encumbrance” clause
with respect to the Mortgage Loan or any consent to such a waiver or any consent to a transfer of all or any portion of the Mortgaged
Property or of any direct or indirect legal or beneficial interests in the Mortgage Loan Borrower;

(viii)           
any incurrence of additional debt by the Mortgage Loan Borrower or any mezzanine financing by any direct or indirect beneficial
owner of the Mortgage Loan Borrower (to the extent that the Lender has consent rights pursuant to the related Mortgage Loan Documents);

(ix)           
any material modification, waiver or amendment of an intercreditor agreement, co-lender agreement, participation agreement
or other similar agreement with any mezzanine lender or subordinate debt holder related to the Mortgage Loan, or any action to
enforce rights (or any decision not to enforce rights) with respect thereto;

(x)           
any property management company changes, including, without limitation, approval of a new property manager or the termination
of a manager and appointment of a new property manager or franchise changes, and any new management agreement or amendment, modification
or termination of any management agreement (in each case, if the Lender is required to consent or approve such changes under the
Mortgage Loan Documents);

(xi)           
any determination that a “Low Debt Service Period” (as defined in the Mortgage Loan Agreement) has commenced
or terminated, and any releases of any material amounts from any escrow accounts, reserve funds or letters of credit, in each
case, held as performance escrows or reserves, other than those required

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pursuant
to the specific terms of the related Mortgage Loan Documents and for which there is no lender discretion;

(xii)           
any approval or disapproval of a proposed assumption of the Mortgage Loan, and any approval of the related documentation,
in each case pursuant to Section 7.1 of the Mortgage Loan Agreement;

(xiii)           
any determination of an Acceptable Insurance Default;

(xiv)           
any determination by the Master Servicer to transfer the Mortgage Loan to the Special Servicer under the circumstances
where the Master Servicer determines, in its reasonable business judgment, exercised in accordance with the Servicing Standard,
that a default consisting of a failure to make a payment of principal or interest is reasonably foreseeable or there is a significant
risk of such default or any other default that is likely to impair the use or marketability of the Mortgaged Properties or such
other analogous event described in the definition of Servicing Transfer Event;

(xv)           
the execution, termination or renewal of any lease, to the extent lender approval is required under the Loan Documents
and to the extent such lease constitutes a “major lease” as defined in the Loan Documents, including entering into
any subordination, non-disturbance and attornment agreement;

(xvi)           
any adoption or implementation of a budget submitted by the Mortgage Loan Borrower to the extent lender approval is required
under the Mortgage Loan Documents;

(xvii)           
the voting on any plan of reorganization, restructuring or similar plan in the bankruptcy of the Mortgage Loan Borrower;

(xviii)           
the release of a guarantor under the Mortgage Loan Documents or the approval of any replacement or additional guarantor
under the Mortgage Loan Documents;

(xix)           
the approval of any property improvement plans or other material alterations proposed for the Mortgaged Property;

(xx)           
subject to the REMIC provisions of the Code, any determination regarding the application of casualty or condemnation proceeds
to restoration of the Mortgaged Property or to repayment of the Mortgage Loan;

(xxi)           
any proposed modification or waiver of the insurance requirements set forth in the Mortgage Loan Documents, other than
pursuant to the specific terms of such Mortgage Loan Documents and for which there is no lender discretion; or

(xxii)           
any filing of a bankruptcy or similar action against the Mortgage Loan Borrower or guarantor or the election of any action
in a bankruptcy or Insolvency Proceeding to seek relief from the automatic stay or dismissal of a

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bankruptcy
filing or voting for or opposing a plan of reorganization, seeking or opposing an order for adequate protection, adequate assurance,
a § 363 sale, order shortening time or similar motion of procedure in an Insolvency Proceeding or making an § 1111(b)(2)
election on behalf of the Noteholders.

“Master
Servicer” shall mean the master servicer appointed pursuant to the Servicing Agreement.

“Master
Servicer Remittance Date” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous
term used in the Servicing Agreement.

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

“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
Payment Date” shall have the meaning assigned to the term “monthly payment date” in the Mortgage Loan Agreement.

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

“Morningstar”
shall mean Morningstar Credit Ratings, LLC, or any successor 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 17, 2019, between the Mortgage Loan Borrower and DB,
as lender, as the same may be 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 18.

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

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“Mortgage
Loan Schedule” shall mean the Schedule attached hereto as Exhibit A.

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

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

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

“Non-Controlling
Note A Holder” shall mean each Note A Holder that is not the Controlling Noteholder; provided that, if at any
time such Note A Holder’s A Note is held by (or, at any time such Note A Holder’s A Note is included in a Securitization,
the related Non-Controlling Note A Subordinate Class Representative is) a Borrower Party, no Person shall be entitled to exercise
the rights of such Non-Controlling Note A Holder with respect to such A Note.

“Non-Controlling
Note A Subordinate Class Representative” shall mean (i) with respect to Note A-2, the “controlling class representative”
under and as defined in the Lead Securitization Servicing Agreement, and (ii) with respect to Note A-3, the holders of the majority
of the class of securities issued in the Note A-3 Securitization designated as the “controlling class” pursuant to
the related Non-Lead Securitization Servicing Agreement for the Note A-3 Securitization or their duly appointed representative.

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

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

“Non-Lead
Certificate Administrator” shall mean the certificate administrator or such other analogous term under a Non-Lead Securitization
Servicing Agreement.

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

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

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

“Non-Lead
Noteholder” shall mean each Noteholder other than a Lead Securitization Noteholder.

    	12 

    	 

    

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

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

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

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

“Non-Lead
Securitization A Note” shall mean each A Note other than Note A-2.

“Non-Lead
Securitization Note A Holder” shall mean each Note A Holder other than the Note A-2 Holder.

“Non-Lead
Securitization Servicing Agreement” shall mean from and after the date a Non-Lead Securitization A Note is included
in a Non-Lead Securitization, the pooling and servicing agreement entered into in connection with such Non-Lead Securitization.

“Non-Lead
Securitization Trust” shall mean each Securitization Trust other than the Lead Securitization Trust.

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

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

“Non-Lead
Sponsor” shall mean a then-current Non-Lead Securitization Note A Holder (immediately prior to the related Non-Lead
Securitization) in its capacity as the sponsor with respect to the related Non-Lead Securitization A Note in connection with such
Non-Lead Securitization.

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

“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).

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

    	13 

    	 

    

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

“Nonrecoverable
Property Protection Advance” shall have the meaning assigned to the term “Nonrecoverable Servicing Advance”
in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

“Note”
shall mean each A Note and Note B.

“Note
A Default Rate” shall mean a rate per annum equal to the Note A Rate plus the Note Default Interest Spread.

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

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

“Note
A Principal Balance” shall mean, as of any date of determination, the sum of the Note A-1 Principal Balance, the Note
A-2 Principal Balance and the Note A-3 Principal Balance.

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

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

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

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

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

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

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

    	14 

    	 

    

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

“Note
A-2 Principal Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial 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 Sections 3, 4 or 5, as applicable.

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

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

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

“Note
A-3 Principal Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial 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 Sections 3, 4 or 5, as applicable.

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

“Note
A-3 Securitization Trust” shall mean a trust formed pursuant to the Note A-3 Securitization pursuant to which Note A-3
(or a portion of such Note) is held.

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

“Note
B Default Rate” shall mean a rate per annum equal to the Note B Rate plus the Note Default Interest Spread.

“Note
B Holder” shall mean the Initial Note B Holder, and any successor in interest, or any subsequent holder of Note B.

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

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

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

    	15 

    	 

    

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

“Note
Default Interest Spread” shall mean, with respect to the outstanding principal balance of any Note, a rate per annum
equal to the lesser of (i) the Maximum Legal Rate minus the Mortgage Loan Rate or (ii)  four percent (4%).

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

“Note
Rate” shall mean any of the Note A Rate and the Note B Rate, as applicable.

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

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

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

“New
Note” shall have the meaning assigned to such term in Section 38.

“Operating
Advisor” shall mean the operating advisor, if any, appointed pursuant to the Lead Securitization Servicing Agreement.

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

“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
$500,000,000 and (iii) not subject to a proceeding relating to the bankruptcy, insolvency, reorganization or relief of debtors.

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

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

“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-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal Balance
and the Note B Principal Balance, as applicable.

    	16 

    	 

    

“Property
Protection Advance” shall have the meaning assigned to the term “Servicing Advance” in the Servicing Agreement
or such other analogous term used in the Servicing Agreement.

“Purchased
Note” has the meaning assigned to such term in Section 12.

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

“Qualified
Institutional Lender” shall mean each of the Initial Noteholders (and any Affiliates and subsidiaries of such entity)
and any other Person that is:

(a)   
an entity Controlled (as defined below) by, under common Control with or Controlling any Initial Noteholder;

(b)  
one or more of the following:

(i)           
a real estate investment bank, insurance company, reinsurance trust, 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 (or in the case of a CDO, a single purpose bankruptcy remote entity which contemporaneously assigns
or pledges its 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 (“CDO”) secured by, or (c) a financing
through an “owner trust” of, a Note (any of the foregoing, a “Securitization Vehicle”), provided
that (1) one or more classes of securities issued by such Securitization Vehicle is initially rated at least investment grade
by each of the Rating Agencies which assigned a rating to one or more classes of securities issued in connection with such 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 to such Securitization Vehicle);
(2) in the case of a Securitization Vehicle that is not a CDO, the special servicer of such Securitization Vehicle has a Required
Special Servicer Rating or is otherwise 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 in accordance with servicing arrangements
for the assets held by the Securitization Vehicle which require that such Approved Servicer act in accordance with a servicing
standard notwithstanding any contrary direction or instruction from any other Person; or (3) in the case of a Securitization Vehicle
that is a CDO, the CDO Asset Manager and, if applicable, each Intervening Trust

    	17 

    	 

    

Vehicle
that is not administered and managed by a CDO Asset Manager which is a Qualified Institutional Lender, are each a Qualified Institutional
Lender under clauses (b)(i), (b)(ii), (b)(iii), (b)(iv) or (b)(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 $500,000,000, in which (A) any Noteholder, (B) a person that is otherwise a Qualified Institutional
Lender under clause (b)(i), (b)(ii) or (b)(v) (with respect to an institution substantially similar to the
entities referred to in clause (b)(i) or (b)(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),

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

(vi)           
a Person that is otherwise a Qualified Institutional Lender but is acting in an agency capacity for a syndicate of lenders
if at least 51% of the lenders in such syndicate are otherwise Qualified Institutional Lenders under clauses (b)(i), (b)(ii),
(b)(iv) and (b)(v) above; or

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

provided
that, in the case of any entity referred to in clause (b)(i), (b)(ii), (b)(iii)(a), (b)(iv)(B) or
(b)(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, asset manager or similar fiduciary) and at least $500,000,000 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 junior CMBS securities
or owning or operating commercial real estate properties; provided further that, in the case of the entity described in clause
(iv)(b)(B) of this definition, 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

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

    	18 

    	 

    

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

“Rating
Agencies” shall mean any of (a) S&P, (b) Moody’s, (c) Fitch, (d) DBRS, (e) KBRA, (f) Morningstar or, (g) if
any of such entities shall for any reason no longer perform the functions of a securities rating agency, any other nationally
recognized statistical rating agency reasonably designated by the Depositor or a Non-Lead Depositor to rate the securities issued
in connection with a Securitization of an A Note; provided, however, that, at any time during which any A Note is
an asset of any Securitization Trust, “Rating Agencies” or “Rating Agency” shall mean each and every of
those rating agencies that are engaged by the Depositor or any Non-Lead Depositor from time to time to rate the securities issued
in connection with any Securitization of any one or more of the A Notes but excluding any of those rating agencies that do not
rate any securities issued in connection with any Securitization of any A Note.

“Rating
Agency Confirmation” shall mean, after a Securitization, the meaning given thereto or to such other analogous term used
in the Servicing Agreement including any deemed Rating Agency Confirmation.

“Recovered
Costs” shall mean any amounts referred to in clauses (i)(d) and/or (i)(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 in respect of the Mortgage Loan or the Mortgaged Property (including, without limitation,
from collections on or in respect of loans, if any, other than the Mortgage Loan).

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

“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.

“Relative
Spread” shall mean any of the Note A Relative Spread or the Note B Relative Spread, as the context may require.

“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

    	19 

    	 

    

applicable
proposed regulations) and rulings promulgated thereunder, as the foregoing may be in effect from time to time.

“Required
Special Servicer Rating” shall mean with respect to a special servicer (i) in the case of Fitch, a rating of either
“CSS3” or “CLLSS3”, (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 CMBS transaction 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
CMBS securities or placed any class of CMBS securities on watch citing the continuation of such special servicer as special servicer
of such commercial mortgage loans, (iv) in the case of Morningstar, either (a) the applicable replacement has a special servicer
ranking of at least “MOR CS3” by Morningstar (if ranked by Morningstar) or (b) if not ranked by Morningstar, is currently
acting as a special servicer on a deal or transaction-level basis for all or a significant portion of the related mortgage loans
in other CMBS transactions rated by any of S&P, Moody’s, Morningstar, Fitch, DBRS or KBRA and the trustee does not have
actual knowledge that Morningstar has, and the replacement special servicer certifies that Morningstar has not, with respect to
any such other CMBS transaction, qualified, downgraded or withdrawn its rating or ratings on one or more classes of such CMBS
transaction citing servicing concerns of the applicable replacement as the sole or material factor in such rating action, (v)
in the case of KBRA, KBRA has not cited servicing concerns of such special servicer as the sole or material factor in any qualification,
downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation of a ratings downgrade or
withdrawal) of securities in a transaction serviced by such special servicer prior to the time of determination, and (vi) in the
case of DBRS, such special servicer is currently acting as special servicer for one or more loans included in a commercial mortgage
loan securitization that is rated by DBRS, and DBRS has not downgraded or withdrawn the then-current rating on any class of commercial
mortgage-backed securities or placed any class of commercial mortgage-backed securities on watch citing the continuation 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.

“Restricted
Mezzanine Holder”: A holder of a related mezzanine loan (or any Affiliate or agent thereof) or an owner in any interest
in any related mezzanine loan (whether legally, beneficially or otherwise, including as a holder of a note evidencing a related
mezzanine loan, a holder of a participation interest in a related mezzanine loan or a beneficial owner of any securities collateralized
by a related mezzanine loan) (a) that has been accelerated or as to which the mezzanine lender has initiated foreclosure or enforcement
proceedings against the equity collateral pledged to secure such mezzanine loan, (b) as to which an event of default under such
mezzanine loan has occurred giving rise to an automatic acceleration of such mezzanine loan or the right of the lender thereunder
to accelerate such mezzanine loan or (c) at any time when any Servicing Transfer Event has occurred and is continuing with respect
to the Mortgage Loan as a result of any determination by the Servicer that a default in the payment of principal or interest under
the Mortgage Loan is reasonably foreseeable.

“Risk
Retention Consultation Party” shall mean each risk retention consultation party appointed pursuant to the Lead Securitization
Servicing Agreement.

    	20 

    	 

    

“Risk
Retention Requirements” shall mean the credit risk retention requirements of Section 15G of the Exchange Act (15 U.S.C.
§78o-11), as added by Section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

“Risk
Retention Rules” shall mean the joint final rule that was promulgated to implement the Risk Retention Requirements (which
such joint final rule has been codified, inter alia, at 17 C.F.R. § 246), as such rule may be amended from time to time,
and subject to such clarification and interpretation as have been provided by the Office of the Comptroller of the Currency, the
Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency,
the Commission and the Department of Housing and Urban Development in the adopting release (79 Fed. Reg. 77601 et seq.) or by
the staff of any such agency, or as may be provided by any such agency or its staff from time to time, in each case, as effective
from time to time as of the applicable compliance date specified therein.

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

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

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

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

“Securitization
Servicing Agreement” shall mean the Lead Securitization Servicing Agreement or a Non-Lead Securitization Servicing Agreement,
as the context may require.

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

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

“Sequential
Pay Event” shall mean any Event of Default with respect to an obligation to pay money due under the Mortgage Loan, any
other Event of Default for which the Mortgage Loan is actually accelerated or any other Event of Default which causes the Mortgage
Loan to become a Specially Serviced Loan, or any bankruptcy or insolvency event that constitutes an Event of Default; provided,
however, that unless the Servicer has notice or knowledge of such event at least ten (10) Business Days prior to the applicable
distribution date, distributions will be made sequentially beginning on the subsequent distribution date; provided, further,
that the aforementioned requirement of notice or knowledge will not apply in the case of distribution of the final proceeds of
a liquidation or final disposition of the Mortgage Loan. A Sequential Pay Event shall no longer exist to the extent it has been
cured (including any cure payment made by the Note B Holder in accordance with Section 11) and shall not be deemed
to exist to the extent the Note B Holder is exercising its cure rights under Section 11 or the default that led to the
occurrence of such Sequential Pay Event has otherwise been cured or waived.

    	21 

    	 

    

“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 Servicing Agreement or, at any time that the
Mortgage Loan is no longer subject to the provisions of the 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
Agreement” shall mean the Lead Securitization Servicing Agreement; provided that in the event that, following
the Securitization of the Lead Securitization Note, the Lead Securitization Note is no longer an asset of the trust fund created
pursuant to the Lead Securitization Servicing Agreement, the “Servicing Agreement” shall be determined in accordance
with Section 2(j).

“Servicing
Fee Rate” shall be the per annum rate at which primary servicing fees are payable in respect of the Mortgage Loan as
set forth in the Servicing Agreement. The Servicing Fee Rate shall not reflect any master servicing fees payable by any Noteholder.

“Servicing
Standard” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used
in the Servicing Agreement.

“Servicing
Transfer Event” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term
used in the Servicing Agreement.

“Special
Servicer” shall mean the special servicer appointed pursuant to the Servicing Agreement and this Agreement.

“Specially
Serviced Loan” shall have the meaning assigned to the term “specially serviced loan” or “specially
serviced mortgage loan” in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

“Sub-Servicer”
shall have the meaning given thereto in the Lead Securitization Servicing Agreement (or other analogous term under 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.

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

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

“Transfer”
shall mean any sale, assignment, transfer, pledge, syndication, participation, hypothecation, contribution, encumbrance or other
disposition , either  directly or  indirectly, by operation of law or otherwise.

    	22 

    	 

    

“Trustee”
shall mean the trustee appointed pursuant to the Lead Securitization Servicing Agreement.

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

“Withheld
Amounts” shall have the meaning assigned to such term in Section 3.

“Workout”
shall mean any written modification, waiver, amendment, restructuring or workout of the Mortgage Loan or the Note entered into
with the Mortgage Loan Borrower in accordance with this Agreement and the Servicing Agreement.

Section
2.               
Servicing.

(a)   
Each Noteholder acknowledges and agrees that, subject to this Agreement, the Mortgage Loan shall be serviced pursuant to
this Agreement and (i) prior to the Lead Securitization Date, under interim servicing arrangements as directed by the Note A-1
Holder and (ii) after the Lead Securitization Date, the Servicing Agreement; provided that the Master Servicer shall not be obligated
to advance monthly payments of principal or interest in respect of the Notes 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 Servicing Agreement (including a determination of recoverability thereunder).
Each Noteholder acknowledges that each other Noteholder may elect, in its sole discretion, to include the related Note in a Securitization
and agrees that it will reasonably cooperate with such other Noteholder, at such other Noteholder’s 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 Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer and the Trustee under the Servicing Agreement by the Depositor, and the appointment of the Special Servicer as the initial
Special Servicer under the Servicing Agreement by the Depositor (subject to replacement by the Controlling Noteholder as provided
herein) 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 this Agreement and the Servicing Agreement. Each Noteholder hereby appoints the Master Servicer,
the Special 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 Noteholders set forth herein and in the Servicing Agreement). In no event shall the
Servicing Agreement require any Servicer to enforce the rights of any Noteholder against any other Noteholder or limit any Servicer
in

    	23 

    	 

    

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. Each Servicer shall be required pursuant to the Servicing Agreement
to service the Mortgage Loan in accordance with the Servicing Standard, the terms of the Mortgage Loan Documents, the Servicing
Agreement and applicable law, and shall not take any action or refrain from taking any action or follow any direction inconsistent
with the foregoing.

(b)  
In no event shall the Note B Holder be entitled to exercise any rights of the “directing holder”, controlling
or consulting class or any analogous class or holder under the Servicing Agreement except to the extent the Note B Holder is given
such rights expressly under the terms of this Agreement or the Servicing Agreement in its capacity as the Controlling Noteholder,
and in no event may any such “directing holder”, controlling or consulting class or analogous class or holder under
the Servicing Agreement have any of the rights of the Controlling Noteholder hereunder except during a Control Appraisal Period.

(c)   
In no event may the Servicing Agreement change the interest allocable to, or the amount of any payments due to, the
Note B Holder or materially increase the Note B Holder’s obligations or materially decrease the Note B Holder’s rights,
remedies or protections hereunder or otherwise adversely affect the Note B Holder’s rights hereunder.

(d)  
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) (i) shall be required to make Property Protection Advances
with respect to the Mortgage Loan, subject to the terms of the Lead Securitization Servicing Agreement and this Agreement, and
(ii) may be required to make P&I Advances on the Lead Securitization Notes, if and to the extent provided in the Lead Securitization
Servicing Agreement and this Agreement. The Master Servicer, the Special Servicer and the Trustee, as applicable, will be entitled
to reimbursement for a Property Protection Advance, first from funds on deposit in the Collection Account that (in any case) represent
amounts received on or in respect of the Mortgage Loan in the manner provided in the Lead Securitization Servicing Agreement,
and then, in the case of Nonrecoverable Property Protection Advances, if such funds on deposit in the Collection Account are insufficient,
from general collections of the Lead Securitization as provided in the Lead Securitization Servicing Agreement and from general
collections of the Non-Lead Securitizations as provided below. The Master Servicer, the Special Servicer and the Trustee, as applicable,
will be entitled to reimbursement for Advance Interest Amounts on a Property Protection Advance or a Nonrecoverable Property Protection
Advance, in the manner and from the sources provided in the Lead Securitization Servicing Agreement, including from general collections
of the Lead Securitization and, in the case of Property Protection Advances, from general collections of the Non-Lead Securitizations
as provided below. 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 Nonrecoverable Property Protection
Advance or any Advance Interest Amounts on a Property Protection Advance or a Nonrecoverable Property Protection Advance, each
Non-Lead Securitization Note A Holder (including from general collections or any other amounts from the Non-Lead Securitization
Trust) shall be required to, promptly following notice from the Master Servicer, reimburse the Lead Securitization for its pro
rata share of such Nonrecoverable Property Protection Advance or Advance Interest Amounts.

    	24 

    	 

    

In
addition, each Non-Lead Securitization Note A Holder (including, but not limited to, the related Non-Lead Securitization Trust)
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 A Holder’s pro rata share of any additional trust fund expenses with respect
to the Mortgage Loan or the Mortgaged Property, any other fees, costs or expenses incurred in connection with the servicing and
administration of the Mortgage Loan and allocable to the Note A Holders pursuant to this Agreement and as to which the Master
Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Operating Advisor or the Depositor, as applicable,
is entitled to be reimbursed pursuant to the Lead Securitization Servicing Agreement, and any fees, costs or expenses related
to obtaining a Rating Agency Confirmation and allocated to the Note A Holders, in each case to the extent amounts on deposit in
the Collection Account that are allocated to the related Non-Lead Securitization A Note are insufficient for reimbursement of
such amounts (which such reimbursement shall be made, if a Non-Lead Securitization A Note has been included in a Non-Lead Securitization,
from general collections or any other amounts from such Non-Lead Securitization Trust). Each Non-Lead Securitization Note A Holder
agrees to indemnify (i) (as and to the same extent the Lead Securitization Trust is required to indemnify each of the following
parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the terms of Lead Securitization Servicing
Agreement) each of the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Operating Advisor
and the Depositor (and any director, officer, employee or agent of any of the foregoing, to the extent such parties are identified
as indemnified parties in the Lead Securitization Servicing Agreement in respect of other mortgage loans) and (ii) the Lead Securitization
Trust (such parties in clause (i) and the Lead Securitization Trust, collectively, the “Indemnified Parties”)
against any claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any other costs, liabilities,
fees and expenses incurred in connection with the servicing and administration of the Mortgage Loan and the Mortgaged Property
(or, with respect to the Operating Advisor, incurred in connection with the provision of services for the Mortgage Loan) under
the Lead Securitization Servicing Agreement (collectively, the “Indemnified Items”) to the extent of its pro
rata share of such Indemnified Items, and to the extent that (after application of collections allocable to Note B on deposit
in the Collection Account to pay such amounts) amounts on deposit in the Collection Account that are allocated to the related
Non-Lead Securitization A Note are insufficient for reimbursement of such amounts, such Non-Lead Securitization Note A 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 (including, if the related Non-Lead Securitization
A Note has been included in a Non-Lead Securitization, from general collections or any other amounts from such Non-Lead Securitization
Trust).

A
Non-Lead Master Servicer may be required to make P&I Advances on the related Non-Lead Securitization A Note it is servicing,
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. Each Non-Lead Master Servicer,
Non-Lead Special Servicer and Non-Lead Trustee, as applicable, shall be entitled to make their own recoverability determination
with respect to a P&I Advance to be made on the related Non-Lead

    	25 

    	 

    

Securitization
A 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 each Non-Lead Master Servicer or Non-Lead Trustee shall be required to
notify each other servicer and trustee with respect to a Securitization 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 A Note), determines that a proposed P&I Advance, if made, would be non-recoverable or an outstanding
P&I Advance is or would be non-recoverable, or if the Master Servicer, the Special Servicer or the Trustee, as applicable,
subsequently determines that a proposed Property Protection Advance would be non-recoverable or an outstanding Property Protection
Advance is or would be non-recoverable, then the Master Servicer or the Trustee (as provided in the Lead Securitization Servicing
Agreement, in the case of a determination of non-recoverability by the Master Servicer, the Special Servicer or the Trustee) or
such Non-Lead Master Servicer or Non-Lead Trustee (as provided in the related Non-Lead Securitization Servicing Agreement, in
the case of a determination of non-recoverability by a Non-Lead Master Servicer, a Non-Lead Special Servicer or a Non-Lead Trustee)
shall notify the Master Servicer and the Trustee, or such Non-Lead Master Servicer and such Non-Lead Trustee, as the case may
be, within two (2) Business Days of making such determination. Each of the Master Servicer, the Trustee, the Non-Lead Master Servicers
and the Non-Lead Trustees, as applicable, will only be entitled to reimbursement for a P&I Advance that becomes non-recoverable
and advance interest thereon, first, from the Collection Account from amounts allocable to the Note for which all or a portion
of such P&I Advance was made and then, if funds are insufficient, (i) in the case of the Lead Securitization Notes, from such
other assets and funds of the Lead Securitization Trust as may be made available therefor under the terms of the Lead Securitization
Servicing Agreement and (ii) in the case of a Non-Lead Securitization A Note, such other assets and funds of the related Non-Lead
Securitization Trust as may be made available therefor under the terms of the related Non-Lead Securitization Servicing Agreement.

(e)   
The Servicing Agreement shall contain provisions to the effect that (and to the extent such following provisions are not
included in the Servicing Agreement, they shall be deemed incorporated therein and made a part thereof):

(i)           
any payments received on the Mortgage Loan shall be paid by the Master Servicer to each of the Noteholders (other than
the Noteholders of the Non-Lead Securitization A Notes, to whom remittances shall be made described in clause (viii) below) on
the Master Servicer Remittance Date under the Servicing Agreement;

(ii)           
each Non-Lead Noteholder shall be entitled to receive, and the Master Servicer and the Special Servicer shall provide access
to, any information relating to the Mortgage Loan, the Mortgage Loan Borrower or the Mortgaged Property as such Non-Lead Noteholder
may reasonably request and would be customarily in the possession of, or collected or known by, the Master Servicer or the 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 Lead Securitization Trust but not limited to standard CREFC reports and Asset Status Reports,
provided that if an interest in the requesting Noteholder or its related Note is held by a Borrower Party, then such requesting

    	26 

    	 

    

Noteholder
shall not be entitled to receive the Asset Status Report or any other information relating to the Special Servicer’s workout
strategy or any “excluded information” or analogous term under the Servicing Agreement;

(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 each Non-Lead Noteholder if such amendment would be materially
adverse to such Non-Lead Noteholder or would materially adversely affect the Mortgage Loan or any Non-Lead Noteholder’s
rights with respect thereto or would alter any term that is defined herein by reference to the Servicing Agreement in a manner
that is materially adverse to a Non-Lead Noteholder;

(v)           
the Special Servicer selected by the Controlling Noteholder shall be appointed as the Special Servicer for the Mortgage
Loan not later than the earlier of (x) the closing of the Securitization of the Controlling Note or (y) the Mortgage Loan becoming
a Specially Serviced Loan under any other Servicing Agreement; provided, however, that such Special Servicer has
the Required Special Servicer Rating of, or otherwise be acceptable to, each of the Rating Agencies rating any Securitization
of an A Note;

(vi)           
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;

(vii)           
if the Master Servicer determines that a proposed P&I Advance with respect to the Lead Securitization Note or Property
Protection Advance with respect to the Mortgage Loan, if made, or any outstanding P&I Advance or Property Protection Advance
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 promptly after such determination was made together with such reports that the Master
Servicer delivered to the Special Servicer or Trustee in connection with notification of its determination of nonrecoverability;

(viii)           
the Master Servicer shall remit all payments allocated to the Noteholder of each Non-Lead Securitization A Note pursuant
to Section 3, net of the servicing fees payable to the Master Servicer and Special Servicer with respect to such Non-Lead
Securitization A Note, and any other applicable fees and reimbursements payable to the Master Servicer, the Special Servicer and
the Trustee, to such Non-Lead Securitization Note A Holder not later than the earlier of (x) the Master Servicer Remittance Date
and (y) the Business Day following the “determination date” (or any term substantially similar thereto) as defined
in the applicable Non-Lead Securitization Servicing Agreement (such determination date, the “Non-Lead Securitization
Determination Date”), provided, however, that (a) no remittance is required to be made until one (1) Business
Day of receipt of properly identified funds constituting the related Monthly Payment (provided, however, that to the extent any
such amounts are received after 3:00 p.m. Eastern time on any given

    	27 

    	 

    

Business
Day, the Master Servicer shall use commercially reasonable efforts to remit such amounts 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; provided further, however, that in the event the Master Servicer (when otherwise required
to remit) is in receipt of properly identified funds that are not available to the Master Servicer, the Master Servicer may instead
remit such amounts on the same Business Day that such properly identified funds become available to the Master Servicer); and
(b) any late collections received by the Master Servicer after the related due date under the Mortgage Loan shall be remitted
by the Master Servicer in accordance with Section 2(e)(xv) below;

(ix)           
with respect to each Non-Lead Note, the Master Servicer agrees to deliver or cause to be delivered or to make available
to such Non-Lead Noteholder (or, in the case of a Non-Lead Note held by a Securitization, the related Non-Lead Master Servicer)
all reports required to be delivered by the Master Servicer to the Certificate Administrator and the Trustee under the Lead Securitization
Servicing Agreement (which shall include all loan-level reports constituting the CREFC® Investor Reporting Package (IRP))
pursuant to the terms of the Lead Securitization Servicing Agreement, to the extent related to the Mortgage Loan, the Mortgaged
Property, such Non-Lead Note, the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee, not later
than the earlier of (x) the Master Servicer Remittance Date and (y) the Business Day following the Non-Lead Securitization Determination
Date (if any), in each case so long as the date on which delivery is required under this clause (ix) is at least one (1)
Business Day after the scheduled monthly payment date under the Mortgage Loan Agreement;

(x)           
the Master Servicer and the Special Servicer, as applicable, shall provide (in electronic media) to each Non-Lead Noteholder
all documents, certificates, instruments, notices, reports, operating statements, rent rolls and other information regarding the
Mortgage Loan provided by it to any other party to the Lead Securitization Servicing Agreement at the time provided to such other
party;

(xi)           
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 Noteholders (including any respective
trustees and certificateholders) in accordance with the terms and provisions of this Agreement, the Lead Securitization Servicing
Agreement and the Servicing Standard;

(xii)           
each Non-Lead Noteholder shall be entitled to the same indemnity as the Lead Securitization Noteholder under the Lead Securitization
Servicing Agreement; each of the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating
Advisor and the Custodian shall be required to (and shall require any Servicing Function Participant or Additional Servicer engaged
by it to) indemnify each Certifying Person and the Non-Lead Depositor, 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 (i) its failure to deliver the items in clause (xiii) below in a timely manner, (ii) its failure to perform
its obligations to the Non-Lead Depositor or the related Non-Lead Trustee under Article XI (or any article

    	28 

    	 

    

substantially
similar thereto) of the Lead Securitization Servicing Agreement by the time required after giving effect to any applicable grace
period or cure period, (iii) the failure of any Servicing Function Participant or Additional Servicer retained by it (other than
an Initial Sub-Servicer) to perform its obligations to such depositor or trustee under such Article XI (or any article substantially
similar thereto) of the Lead Securitization Servicing Agreement by the time required and/or (iv) any Deficient Exchange Act Deliverable
regarding, and delivered by or on behalf of, such party;

(xiii)           
with respect to each Non-Lead Securitization that is subject to reporting requirements under the Securities Act, the Exchange
Act (including Rule 15Ga-1), and Regulation AB, (a) the Master Servicer, any primary servicer, the Special Servicer, the Trustee,
the 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; provided that such party shall only be required to
use commercially reasonable efforts to cause an Initial Sub-Servicer to deliver), in a timely manner (i) the reports, certifications,
compliance statements, accountants’ assessments and attestations, and information to be included in reports (including,
without limitation, Form ABS-15G, Form 10-K, Form 10-D and Form 8-K), and (ii) upon request, any other materials specified in
the Non-Lead Securitization Servicing Agreement, in the case of sub-clauses (vi) and (vii), as the Non-Lead Depositor
or the Non-Lead Trustee reasonably believes, in good faith, are required in order for the Non-Lead Depositor or the Non-Lead Trustee
to comply with (1) its obligations under the Securities Act, the Exchange Act (including Rule 15Ga-1), Regulation AB and Form
SF-3 and (2) any applicable comment letter from the Commission or its obligations with respect to any Deficient Exchange Act Deliverable,
(b) without limiting the generality of the foregoing (x) the Depositor or the Lead Securitization Noteholder shall provide or
cause to be provided to the Non-Lead Depositor (and to counsel to the Non-Lead Depositor) and the Non-Lead Trustee (1) written
notice (which may be by email) in a timely manner (but no later than three (3) Business Days prior to closing) of the occurrence
of the Lead Securitization, and (2) no later than the closing date of the Lead Securitization, a copy of the Lead Securitization
Servicing Agreement in an EDGAR-compatible format, and (y) the Master Servicer and Special Servicer (or any replacement Master
Servicer or Special Servicer, as applicable) shall, upon reasonable prior written request, and subject to the right of the Master
Servicer or the Special Servicer, as the case may be, to review and approve such disclosure materials (in each case, at the cost
(including the reasonable fees of counsel) of the Non-Lead Sponsor), permit a holder of the Non-Lead Securitization A Note to
use such party’s description contained in the Lead Securitization prospectus (updated as appropriate by the Master Servicer
or Special Servicer, as applicable, at the cost (including the reasonable fees of counsel) of the Non-Lead Sponsor) or contained
in a Lead Securitization Form 8-K), for inclusion in the disclosure materials or a Form 8-K relating to any securitization of
the Non-Lead Securitization A Note, and (z) the Master Servicer and the Special Servicer (or any replacement Master Servicer or
Special Servicer, as applicable), shall provide indemnification agreements, opinions and Regulation AB compliance letters as were
or are being delivered with respect to the Lead Securitization (in each case, at the cost (including the reasonable fees of counsel)
of the Non-Lead Sponsor), and (c) in connection with any amendment of the Lead Securitization Servicing

    	29 

    	 

    

Agreement,
the Depositor shall provide written notice (which may be by email) of such proposed amendment to the Non-Lead Depositor and the
Non-Lead Trustee no later than three (3) Business Days prior to the date of effectiveness of such amendment, and, on the date
of effectiveness of such amendment to the Lead Securitization Servicing Agreement, provide a copy of such amendment in an EDGAR-compatible
format to the Non-Lead Depositor and the Non-Lead Trustee. The Master Servicer and the Special Servicer shall each be required
to provide certification and indemnification to any Certifying Person with respect to any applicable Sarbanes-Oxley Certification
with respect to a Non-Lead Securitization.

(xiv)           
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 (including, without limitation, providing all due diligence information,
reports, written responses, negotiations and coordination) to the same extent as such party is required to cooperate with the
Depositor under Article XI (or any article substantially similar thereto) of the Lead Securitization Servicing Agreement and in
connection with Deficient Exchange Act Deliverables. All respective reasonable out-of-pocket costs and expenses incurred by the
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 a Non-Lead Depositor in any telephone conferences and
meetings with the Commission and other costs the Non-Lead Depositor must bear pursuant to Article XI (or any article substantially
similar thereto) of 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;

(xv)           
any late collections received by the Master Servicer from the Mortgage Loan Borrower that are allocable to a Non-Lead Securitization
A Note or reimbursable to the Non-Lead Master Servicer or the Non-Lead Trustee shall be remitted by the Master Servicer to the
Non-Lead Master Servicer or the Non-Lead Noteholder, as applicable, within one (1) Business Day of receipt of properly identified
funds; 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 amounts 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; provided further, however, that in the event the Master Servicer (when
otherwise required to remit) is in receipt of properly identified funds that are not available to the Master Servicer, the Master
Servicer may instead remit such amounts on the same Business Day that such properly identified funds become available to the Master
Servicer;

(xvi)           
each Non-Lead Master Servicer and each Non-Lead Special Servicer shall each be a third-party beneficiary of the Lead Securitization
Servicing Agreement with respect to all provisions therein expressly relating to compensation, reimbursement or

    	30 

    	 

    

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;

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

(xviii)           
Servicer Termination Events with respect to the Master Servicer and the Special Servicer shall include: (i) solely with
respect to the Master Servicer, the failure to timely remit payments to a Non-Lead Noteholder, which failure continues unremedied
for one (1) Business Day following the date on which such payment was to be made; (ii) solely with respect to the Special Servicer,
the failure to deposit into any REO Account any amount required to be so deposited within two (2) Business Days after the date
such deposit was to be made, or the failure to remit to the Master Servicer for deposit into the Collection Account, as applicable,
any amount required to be so remitted by the Special Servicer within one (1) Business Day after the date such remittance was to
be made; (iii) solely with respect to the Special Servicer, the failure to maintain the Required Special Servicer Rating or to
be otherwise acceptable to each Rating Agency rating a Securitization, which failure continues unremedied for a period of sixty
(60) days following actual knowledge thereof by the Special Servicer; (iv) the qualification, downgrade or withdrawal, or placing
on “watch status” in contemplation of a rating downgrade or withdrawal of the ratings of any class of certificates
issued in connection with the Non-Lead Securitization by the Rating Agencies rating such securities (and such qualification, downgrade,
withdrawal or “watch status” placement shall not have been withdrawn by such rating agencies within sixty (60) days
of actual knowledge of such event by the Master Servicer or the Special Servicer, as the case may be), and publicly citing servicing
concerns with the Master Servicer or Special Servicer, as applicable, as the sole or a material factor in such rating action;
and (v) the failure to provide to a Non-Lead Securitization Note A Holder (if and to the extent required under the related Non-Lead
Securitization) reports required under the Exchange Act, and the rules and regulations thereunder, in a timely fashion. Upon the
occurrence of such a Servicer Termination Event (A) with respect to the Master Servicer affecting any Non-Lead Noteholder and
the Master Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Trustee shall, upon
the direction of such Non-Lead Noteholder, appoint a sub-servicer solely with respect to the Mortgage Loan (or if the Mortgage
Loan is currently being sub-serviced, to replace the current sub-servicer, but only if such original sub-servicer is in default
under the related sub-servicing agreement); and (B) the appointment (or replacement) of a sub-servicer with respect to the Mortgage
Loan, as contemplated in clause (A) above, will in any event be subject to written confirmation from each Rating Agency that such
appointment would not, in and of itself, cause a downgrade, qualification or withdrawal of the then-current ratings assigned to
the securities issued in connection with any Securitization. Upon the occurrence of a Servicer Termination Event with respect
to the Special Servicer affecting a Non-Lead Noteholder and the Special Servicer is not otherwise terminated pursuant to the Lead
Securitization Servicing Agreement, the Trustee shall, upon direction of such Non-Lead Noteholder, terminate the Special Servicer
with respect to, but only with respect to, the Mortgage Loan;

    	31 

    	 

    

(xix)           
upon any resignation of the Master Servicer or the Special Servicer, any termination of the Master Servicer or Special
Servicer and/or any replacement thereof, any appointment of a successor to the Master Servicer or Special Servicer, or the effectiveness
of any designation of a new Special Servicer, the Trustee or Certificate Administrator shall promptly (and in any event no later
than three (3) Business Days prior to the effective date of such resignation, termination, replacement and/or appointment of a
Master Servicer or Special Servicer) provide written notice thereof to each Non-Lead Trustee, each Non-Lead Master Servicer, and
each Non-Lead Depositor, together with any information reasonably required (including, without limitation, any disclosure required
under Item 1108 of Regulation AB) for the related Non-Lead Securitization to comply with any applicable reporting obligations
under the Exchange Act; provided, that such notice shall not be deemed to be provided unless receipt thereof has been confirmed
in writing (which may be by email) from the Non-Lead Depositor;

(xx)           
if a Non-Lead Securitization A Note becomes the subject of an Asset Review pursuant to the related Non-Lead Securitization
Servicing Agreement, the Master Servicer, the Special Servicer, the Trustee and the Custodian shall reasonably cooperate with
the Non-Lead Asset Representations Reviewer in connection with such Asset Review by providing the Non-Lead Asset Representations
Reviewer with any documents reasonably requested by the 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) the Non-Lead Asset Representations Reviewer has not been able to obtain such documents from the related mortgage loan
seller; and

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

(f)   
Each Non-Lead Securitization Note A Holder agrees that it shall cause the related Non-Lead Securitization Servicing Agreement
to provide as follows (and to the extent such following provisions are not included in such Non-Lead Securitization Servicing
Agreement, they shall be deemed incorporated therein and made a part thereof):

(i)           
such Non-Lead Securitization Note A Holder shall be responsible for its pro rata share of any Nonrecoverable Property
Protection Advances (and advance interest thereon) and any additional trust fund expenses, 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 the
Notes are insufficient to cover such Property Protection Advances or additional trust fund expenses, (A) the Non-Lead Master Servicer
will be required to, promptly following notice from the Master Servicer or the Special Servicer, pay or reimburse the Master Servicer,
the Special Servicer, the Certificate Administrator, the Trustee or the Lead Securitization Trust, 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 Securitization Note A Holder’s pro rata share of any such Nonrecoverable Property Protection Advances
(together with advance interest thereon) and/or other additional trust

    	32 

    	 

    

fund
expenses (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), and (B) if the Lead Securitization Servicing Agreement permits
the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee to reimburse itself from the Lead Securitization
Trust’s general account, then the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee, as
applicable, may do so, and the Non-Lead Master Servicer will be required to, promptly following notice from the Master Servicer,
the Special Servicer or the Trustee, reimburse the Lead Securitization Trust out of general funds in the collection account (or
equivalent account) established under the Non-Lead Securitization Servicing Agreement for the Non-Lead Securitization Note A Holder’s
pro rata share of any such Nonrecoverable Property Protection Advances (together with advance interest thereon) and/or
additional trust fund expenses (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);

(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 the Lead Securitization Servicing Agreement and, in the case of the Lead Securitization Trust, to the extent of any
additional trust fund expenses with respect to the Mortgage Loan) by the Non-Lead Securitization Trust, against any of the Indemnified
Items to the extent of its pro rata share of such Indemnified Items and, to the extent that (after application of collections
allocable to Note B on deposit in the Collection Account to pay such amounts) amounts on deposit in the Collection Account that
are allocated to the Non-Lead Securitization A Note are insufficient for reimbursement of such amounts, the Non-Lead Master Servicer
will be required to reimburse each of the applicable Indemnified Parties for the Non-Lead Securitization A Note’s pro
rata share of the insufficiency out of general funds in the collection account (or equivalent account) established under the
Non-Lead Securitization Servicing Agreement;

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

    	33 

    	 

    

(which
may be in the form of email delivery of a copy of any revised Non-Lead Securitization Servicing Agreement); and

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

(g)  
The Lead Securitization Noteholder shall:

(i)           
give each Non-Lead Securitization Note A Holder that is included in a Securitization (if any) at the time of the Securitization
of the Lead Securitization Note, notice of such Securitization of the Lead Securitization Note in writing (which may be by email)
not less than three (3) Business Days prior to the applicable pricing date for the Lead Securitization, together with contact
information for each of the parties to the Lead Securitization Servicing Agreement; and

(ii)           
send to each Non-Lead Securitization Note A Holder and the parties to the related Non-Lead Securitization Servicing Agreement
(that are not also party to the Lead Securitization Servicing Agreement) (x) on or promptly following the Lead Securitization
Date (to the extent the applicable parties to the related Non-Lead Securitization Servicing Agreement have been engaged by the
related Non-Lead Depositor on or prior to the Lead Securitization Date), a copy (in EDGAR-compatible format) of the execution
version of the Lead Securitization Servicing Agreement, (y) within (1) one Business Day after the date of any re-filing by the
Depositor of the Lead Securitization Servicing Agreement with the Commission to account for any changes thereto (other than a
formal amendment thereto following the Lead Securitization Date), a copy (in EDGAR-compatible format) of the re-filed Lead Securitization
Servicing Agreement, and (z) promptly following distribution thereof to the parties to the Lead Securitization Servicing Agreement,
any changes made by the Depositor to the Lead Securitization Servicing Agreement (other than a formal amendment thereto following
the Lead Securitization Date).

(h)  
Each Non-Lead Securitization Note A Holder shall provide (or cause to be provided) to the Lead Securitization Noteholder
and the parties to the Lead Securitization Servicing Agreement (provided that the Lead Securitization Servicing Agreement has
been delivered to the Non-Lead Securitization Note A Holder) notice of the closing of the related Non-Lead Securitization, in
writing (which may be by email) prior to or promptly following the related Non-Lead Securitization Date, which notice shall include
a copy of the Non-Lead Securitization Servicing Agreement.

(i)    
Notwithstanding anything to the contrary contained in this Agreement, 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.

(j)    
At any time after the Securitization Date when all of the Lead Securitization Notes are no longer subject to the provisions
of the Servicing Agreement, the Note A-2 Holder shall cause the Mortgage Loan to be serviced pursuant to a servicing agreement
that contains servicing provisions which are the same as or more favorable to the Non-Lead Securitization Note A Holders and the
Note B Holder, in substance, to those in the Servicing Agreement; all references

    	34 

    	 

    

herein
to the “Servicing Agreement” shall mean such subsequent servicing agreement; and, for purposes of the provisions hereof
relating to the servicing and administration of the Mortgage Loan, all references herein to “Lead Securitization Noteholder”
shall be construed to refer to the Note A-2 Holder; provided, however, that if a Non-Lead Securitization A Note
is in a Securitization, then a written confirmation shall have been obtained from each Rating Agency rating such Securitization
that the appointment of the servicer(s) pursuant to such servicing agreement would not, in and of itself, cause a downgrade, qualification
or withdrawal of the then-current ratings assigned to the securities issued in connection with such Securitization; provided,
further, that until a replacement servicing agreement has been entered into, the Lead Securitization 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; provided, however, that the Servicer under
such replacement Servicing Agreement shall have no further obligations to advance monthly payments of principal and interest;
provided, further, however, that until a replacement servicing agreement is in place, the actual servicing
of the Mortgage Loan may be performed by any nationally recognized commercial mortgage loan servicer meeting the requirements
of the Servicing Agreement appointed by the Lead Securitization Noteholder and the special servicer appointed by the Controlling
Noteholder (which special servicer must satisfy the Required Special Servicer Rating of, or otherwise be acceptable to, each of
the Rating Agencies rating any outstanding Securitization) and does not have to be performed by the service providers set forth
under the Servicing Agreement.

(k)  
Subject to the Servicer’s obligation to act in accordance with the Servicing Standard and subject to a Rating Agency
Confirmation, and solely in the event that S&P rates any securities issued in connection with any Securitization of any Note,
the Servicer shall require the related Mortgage Loan Borrower to maintain insurance with an insurer meeting the minimum S&P
ratings requirements specified in the related Mortgage Loan Documents (and, for the avoidance of doubt, without regard to any
lender discretion with respect to such ratings in the related Mortgage Loan Documents).

Section
3.               
Subordination of Note B; Payments Prior to a Sequential Pay Event. Note B and the rights of the Note B Holder to
receive payments of interest, principal and other amounts with respect to Note B shall at all times be junior, subject and subordinate
to A Notes and the rights of the Note A Holders to receive payments of interest, principal and other amounts with respect to the
A Notes as and to the extent set forth herein. If no Sequential Pay Event 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 and Condemnation Proceeds (other than proceeds, awards or settlements that are required 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

    	35 

    	 

    

Servicing
Agreement and (y) all amounts that are then due, payable or reimbursable to any Servicer (excluding master servicing fees, trustee
fees, certificate administrator fees, operating advisor fees and asset representations reviewer fees, all of which shall be payable
to such party by the respective Note A Holder or Note B Holder in respect of whose Note such fees accrued, in each case out of
distributions made in respect of such Note) (such amounts contemplated by clauses (x) and (y), “Withheld
Amounts”), shall be distributed by the Master 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 Note A-1 Holder, the Note A-2 Holder and the Note A-3 Holder, pro rata (based on their respective
entitlements to interest) in an amount equal to the accrued and unpaid interest on the Note A-1 Principal Balance, the Note A-2
Principal Balance and the Note A-3 Principal Balance, respectively, at the Net Note A Rate;

(b)  
second, to the Note A-1 Holder, the Note A-2 Holder and the Note A-3 Holder, pro rata (based on the Note
A-1 Principal Balance, the Note A-2 Principal Balance and the Note A-3 Principal Balance) in an aggregate amount equal to all
principal payments received, including any Insurance and Condemnation Proceeds received, if any, with respect to such Monthly
Payment Date with respect to the Mortgage Loan allocated as principal on the Mortgage Loan and payable to the Noteholders, until
the Note A-1 Principal Balance, the Note A-2 Principal Balance and the Note A-3 Principal Balance have been reduced to zero;

(c)   
third, to the Note A-1 Holder, the Note A-2 Holder and the Note A-3 Holder, pro rata (based on their respective
entitlements) up to the amount of any unreimbursed out-of-pocket costs and expenses paid by such Note A-1 Holder, Note A-2 Holder
and Note A-3 Holder, including any Recovered Costs not previously reimbursed by the Mortgage Loan Borrower (or paid or advanced
by any Servicer on its behalf and not previously paid or reimbursed to such Servicer) with respect to the Mortgage Loan pursuant
to this Agreement or the Servicing Agreement;

(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)-(c) and, as a result of a Workout the aggregate
Principal Balance of Note A-1, Note A-2 and Note A-3 has been reduced, such excess amount shall be paid to the Note A-1 Holder,
the Note A-2 Holder and the Note A-3 Holder pro rata (based on the Note A-1 Principal Balance, the Note A-2 Principal Balance
and the Note A-3 Principal Balance) in an aggregate amount up to the reduction, if any, of the Note A-1 Principal Balance, the
Note A-2 Principal Balance and the Note A-3 Principal Balance as a result of such Workout, plus interest on such aggregate amount
at the related Note A Rate;

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

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

    	36 

    	 

    

(g)  
seventh, to the Note B Holder in an amount equal to all principal payments received, including any Insurance and
Condemnation Proceeds received, if any, with respect to such Monthly Payment Date with respect to the Mortgage Loan allocated
as principal on the Mortgage Loan and payable to the Noteholders, remaining after giving effect to the allocations in clause
(b) above, until the Note B Principal Balance has been reduced to zero;

(h)  
eighth, 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)-(g) and, as a result of a Workout the Principal
Balance of Note B has been reduced, such excess amount shall be paid to the Note B Holder in an amount up to the reduction, if
any, of the Note B Principal Balance as a result of such Workout, plus interest on such amount at the Note B Rate;

(i)    
ninth, to the Note A-1 Holder, the Note A-2 Holder and the Note A-3 Holder, pro rata (based on the Note A-1
Principal Balance, the Note A-2 Holder and the Note A-3 Principal Balance) in an aggregate amount equal to the product of (i)
the Note A Percentage Interest multiplied by (ii) the Note A Relative Spread, and (iii) any Prepayment Premium to the extent paid
by the Mortgage Loan Borrower;

(j)    
tenth, to the Note B Holder in an amount equal to the product of (i) the Note B Percentage Interest multiplied by
(ii) the Note B Relative Spread and (iii) any Prepayment Premium to the extent paid by the Mortgage Loan Borrower;

(k)  
eleventh, to the extent 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 provide reimbursement for interest on
any Advances, to pay any Additional Servicing Expenses or to compensate a Servicer (in each case provided that such reimbursements
or payments relate to the Mortgage Loan), any such assumption or transfer fees, to the extent actually paid by the Mortgage Loan
Borrower, shall be paid pro rata to the Note A Holders and the Note B Holder in accordance with the Note A Percentage Interest
and the Note B Percentage Interest, respectively, with the amount distributed to the Note A Holders to be allocated among the
Note A-1 Holder, the Note A-2 Holder and the Note A-3 Holder pro rata based on the Note A-1 Principal Balance, the Note
A-2 Principal Balance and the Note A-3 Principal Balance; and

(l)    
twelfth, if any excess amount, including, without limitation, any Default Interest, is available to be distributed
in respect of the Mortgage Loan, and not otherwise applied in accordance with the foregoing clauses (a)-(k), any remaining amount
shall be paid pro rata to the Note A Holders and the Note B Holder in accordance with the initial Note A Percentage Interest
and the initial Note B Percentage Interest, respectively, with the amount distributed to the Note A Holders to be allocated among
the Note A-1 Holder, the Note A-2 Holder and the Note A-3 Holder pro rata based on the Note A-1 Principal Balance, the
Note A-2 Principal Balance and the Note A-3 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; provided, if a Sequential Pay Event 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

    	37 

    	 

    

connection
with the Mortgage Loan or the Mortgaged Property or amounts realized as proceeds thereof (including without limitation amounts
received by the Master Servicer or Special Servicer pursuant to the Servicing Agreement as reimbursements on account of recoveries
in respect of Advances), whether received in the form of Monthly Payments, any proceeds from the sale or distribution of any Foreclosure
Property, the Balloon Payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit or other collateral or instrument
securing the Mortgage Loan or Insurance and Condemnation Proceeds (other than proceeds, awards or settlements that are required
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 any Withheld Amounts,
shall be distributed by the Master 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 Note A-1 Holder, the Note A-2 Holder and the Note A-3 Holder, pro rata (based on their respective
entitlements to interest) in an amount equal to the accrued and unpaid interest on the Note A-1 Principal Balance, the Note A-2
Principal Balance and the Note A-3 Principal Balance, respectively, at the Net Note A Rate;

(b)  
second, to the Note B Holder in an amount equal to the accrued and unpaid interest on the Note B Principal Balance
at the Net Note B Rate;

(c)   
third, to the Note A-1 Holder, the Note A-2 Holder and the Note A-3 Holder, pro rata (based on the Note A-1
Principal Balance, the Note A-2 Holder and the Note A-3 Principal Balance), until the Note A-1 Principal Balance, the Note A-2
Principal Balance and the Note A-3 Principal Balance have been reduced to zero;

(d)  
fourth, to the Note A-1 Holder, the Note A-2 Holder and the Note A-3 Holder, pro rata (based on their respective
entitlements) up to the amount of any unreimbursed out-of-pocket costs and expenses paid by such Note A-1 Holder, Note A-2 Holder
and Note A-3 Holder, including any Recovered Costs, in each case to the extent reimbursable by the Mortgage Loan Borrower but
not previously reimbursed by the Mortgage Loan Borrower (or paid or advanced by any Servicer on its behalf and not previously
paid or reimbursed to such Servicer), with respect to the Mortgage Loan pursuant to this Agreement or the Servicing Agreement;

(e)   
fifth, 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)-(d) and, as a result of a Workout the aggregate
Principal Balance of Note A-1, Note A-2 and Note A-3 has been reduced, such excess amount shall be paid to the Note A-1 Holder,
the Note A-2 Holder and the Note A-3 Holder pro rata (based on the Note A-1 Principal Balance, the Note A-2 Principal Balance
and the Note A-3 Principal Balance) in an aggregate amount up to the reduction, if any, of based on the Note A-1 Principal Balance
, the Note A-2 Principal Balance and the Note A-3 Principal Balance as a result of such Workout, plus interest on such aggregate
amount at the related Note A Rate;

(f)   
sixth, to the extent the Note B Holder have made any payments or advances to cure defaults pursuant to Section
11, to reimburse the Note B Holder for all such cure payments; and to the Note B Holder in the amount of any other unreimbursed
reasonable out-of-pocket costs

    	38 

    	 

    

and expenses
paid by the Note B Holder, in each case to the extent reimbursable by, but not previously reimbursed by, the Mortgage Loan Borrower;

(g)  
seventh, to the Note B Holder, until the Note B Principal Balance has been reduced to zero;

(h)  
eighth, to the Note A-1 Holder, the Note A-2 Holder and the Note A-3 Holder, pro rata (based on the Note
A-1 Principal Balance, the Note A-2 Principal Balance and the Note A-3 Principal Balance) in an aggregate amount equal to the
product of (i) the Note A Percentage Interest multiplied by (ii) the Note A Relative Spread, and (iii) any Prepayment Premium
to the extent paid by the Mortgage Loan Borrower;

(i)    
ninth, to the Note B Holder in an amount equal to the product of (i) the Note B Percentage Interest multiplied by
(ii) the Note B Relative Spread and (iii) any Prepayment Premium to the extent paid by the Mortgage Loan Borrower;

(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)-(i) and, as a result of a Workout the Principal
Balance of Note B has been reduced, such excess amount shall be paid to the Note B Holder in an amount up to the reduction, if
any, of the Note B Principal Balance as a result of such Workout, plus interest on such amount at the Note B Rate;

(k)  
eleventh, to the extent 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 provide reimbursement for interest on
any Advances, to pay any Additional Servicing Expenses or to compensate a Servicer (in each case provided that such reimbursements
or payments relate to the Mortgage Loan), any such assumption or transfer fees, to the extent actually paid by the Mortgage Loan
Borrower, shall be paid pro rata to the Note A Holders and the Note B Holder in accordance with the Note A Percentage Interest
and the Note B Percentage Interest, respectively, with the amount distributed to the Note A Holders to be allocated between the
Note A-1 Holder, the Note A-2 Holder and the Note A-3 Holder pro rata based on the Note A-1 Principal Balance, the Note
A-2 Principal Balance and the Note A-3 Principal Balance; and

(l)    
twelfth, if any excess amount, including, without limitation, any Default Interest, is available to be distributed
in respect of the Mortgage Loan, and not otherwise applied in accordance with the foregoing clauses (a)-(k), any remaining amount
shall be paid pro rata to the Note A Holders and the Note B Holder in accordance with the initial Note A Percentage Interest
and the initial Note B Percentage Interest, respectively, with the amount distributed to the Note A Holders to be allocated between
the Note A-1 Holder, the Note A-2 Holder and the Note A-3 Holder pro rata based on the Note A-1 Principal Balance, the
Note A-2 Principal Balance and the Note A-3 Principal Balance.

For
clarification purposes, Default Interest and late payment charges (collectively, “Penalty Charges”) paid on the Notes
pursuant to Section 3 or Section 4 shall be allocated to the Note A Holders on a pro rata basis and applied: first, to reduce,
on a pro rata basis, the Penalty Charges otherwise payable on each such Note by the amount necessary to pay the Master Servicer,

    	39 

    	 

    

the Trustee
or the Special Servicer for any interest accrued on any Property Protection Advances and reimbursement of any Property Protection
Advances in accordance with the terms of the Lead Securitization Servicing Agreement; second, to reduce, on a pro rata basis,
the Penalty Charges otherwise payable to the Noteholder of each such Note by the amount necessary to pay the Master Servicer,
Trustee, Non-Lead Master Servicer or Non-Lead Trustee for any interest accrued on any P&I Advance made with respect to such
Note by such party (if and as specified in the Lead Securitization Servicing Agreement or any Non-Lead Securitization Servicing
Agreement, as applicable); third, to reduce, on a pro rata basis, the Penalty Charges otherwise payable to each Note Holder by
the amount necessary to pay additional trust fund expenses (other than Special Servicing Fees, unpaid Workout Fees and Liquidation
Fees) incurred with respect to the Mortgage Loan (as specified in the Servicing Agreement); and finally, (i) in the case of the
remaining amount of Penalty Charges otherwise allocable pursuant to Section 3 or Section 4 to the Lead Securitization Noteholder,
to pay such remaining amount to the Master Servicer and/or the Special Servicer as additional servicing compensation as provided
in the Servicing Agreement and (ii) in the case of the remaining amount of Penalty Charges allocable pursuant to Section 3 or
Section 4 to any Note A Holder that is not the Lead Securitization Noteholder, to pay such remaining amount (x) prior to the Securitization
of such A Note, to the related Note A Holder and (y) following the Securitization of such A Note, to the Master Servicer and/or
the Special Servicer as additional servicing compensation as provided in the Servicing Agreement.

Section
5.               
Administration of the Mortgage Loan.

(a)   
Subject to this Agreement (including, without limitation, Section 5(f) below) and the Servicing Agreement and consistent
with the Servicing Standard, the Lead Securitization Noteholder (or any Servicer acting on behalf of the Lead Securitization 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 no other
Noteholder shall have any voting, consent or other rights whatsoever with respect to the Lead Securitization 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) and consistent with the Servicing Standard, each
Non-Lead Noteholder agrees that it shall have no right to, and hereby presently and irrevocably assigns and conveys to the Lead
Securitization Noteholder (or any Servicer acting on behalf of the Lead Securitization Noteholder) the rights, if any, that such
Non-Lead Noteholder has to, (i) call or cause the Lead Securitization 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 Securitization Noteholder to file any bankruptcy petition against the Mortgage Loan Borrower. The Lead
Securitization Noteholder (or any Servicer acting on behalf of the Lead Securitization Noteholder) shall not have any fiduciary
duty to any Non-Lead Noteholder in connection with the administration of the Mortgage Loan (but the foregoing shall not relieve
the Lead Securitization Noteholder from the obligation to make any disbursement of funds as set forth herein). Without limiting
the foregoing, each Note A Holder acknowledges that the Note B Holder owes such Noteholder no fiduciary duty with respect to any
action taken under the Mortgage Loan Documents and, except as provided

    	40 

    	 

    

herein
or in the Servicing Agreement, need not consult with such Note A Holder with respect to any action taken by such Note B Holder
in connection with the Mortgage Loan.

(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 this Agreement and the Servicing Agreement. The Servicers shall service the Mortgage Loan in
accordance with the terms of this Agreement, including without limitation, the rights of the Note B Holder set forth in Section
5(f) below and consistent with the Servicing Standard. Servicing of the Mortgage Loan shall be carried out by the Master Servicer
and, if the Mortgage Loan is a Specially Serviced Loan, by the Special Servicer, in each case pursuant to the Servicing Agreement
and consistent with the Servicing Standard. Notwithstanding anything to the contrary contained herein, in accordance with the
Servicing Agreement, the Lead Securitization 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 Noteholders as
a collective whole (it being understood that the interests of the Note B Holder are subordinate to the A Notes, subject to the
terms and conditions of this Agreement, including without limitation the rights of the Controlling Noteholder), and the Note B
Holder while it is not a Borrower Party 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, Sections 5(f) and 6), if the Servicer in connection with a Workout
of the Mortgage Loan modifies the terms thereof in accordance herewith such that (i) the unpaid principal balance of the
Mortgage Loan is decreased, (ii) the Mortgage Loan Rate or scheduled amortization payments on such Mortgage Loan are reduced,
(iii) payments of interest or principal on such Mortgage Loan are waived, reduced or deferred or (iv) any other adjustment
(other than an increase in the Mortgage Loan Rate or increase in scheduled amortization payments) is made to any of the terms
of the Mortgage Loan, all payments to the Note A Holders and the Note B Holder pursuant to Section 3 and Section 4,
as applicable, shall be made as though such Workout did not occur, with the payment terms of Note A remaining the same as they
are on the date hereof, the full economic effect of all waivers, reductions or deferrals of amounts due on the Mortgage Loan attributable
to such Workout shall be borne, first, by the Note B Holder, and then, by the Note A Holders (pro rata
based on the Principal Balances of their respective Notes), in that order, in each case up to the amount otherwise due on
such Note(s). Subject to the Servicing Agreement and this Agreement (including without limitation Sections 5(f) and (6)),
in the case of any modification or amendment described above, the Lead Securitization Noteholder (or the Servicer on its behalf)
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 B to the A Notes, with respect to the loss that is the result of
such amendment or modification, including: (i) the ability to increase the Note A Percentage Interest, and to increase or
reduce, as applicable, the Note 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 Note A Rate and the Note B Rate, as applicable, in order to reflect a
reduction in the Mortgage Loan 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,

    	41 

    	 

    

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 Securitization Noteholder described hereunder may be exercised by the Servicers
on behalf of the Lead Securitization Noteholder in accordance with the Servicing Agreement and this Agreement.

(e)   
If any 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 Noteholders 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 all or a portion of any A Note. The Noteholders agree
that the provisions of this Section 5(e) shall be effected by compliance by the Lead Securitization 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 Securitization Noteholder’s 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 (without
reimbursement under Section 3) by each Noteholder with respect to the REMIC containing the Note owned by such Noteholder.

Anything
herein or in the Servicing Agreement to the contrary notwithstanding, in the event that a Note is included in a REMIC and the
other Notes are not, the other Noteholders shall not be required to reimburse such Noteholder that deposited its Note in the REMIC
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 either such other Noteholder be reduced to offset or make-up any such payment or deficit.

(f)   
(i)Subject to clauses (ii) or (iii) below, if any consent, modification, amendment or waiver under or other action
in respect of the Mortgage Loan (whether or not a Servicing Transfer Event has occurred and is continuing) that would constitute
a Major Decision

    	42 

    	 

    

has been
requested or proposed or any fact or circumstance has occurred requiring that a Major Decision be made, or if the Master Servicer
or Special Servicer otherwise intends to make a Major Decision, then the Master Servicer or Special Servicer, as applicable, shall
deliver prompt written notice thereof and a Major Decision Reporting Package to the Controlling Noteholder and its Controlling
Noteholder Representative, if any, at least ten (10) Business Days (30 days with respect to any proposed modification or waiver
of any material provision in the related Mortgage Loan Documents governing the type, nature or amount of insurance coverage required
to be obtained and maintained by the Mortgage Loan Borrower) prior to taking action with respect to such Major Decision (or making
a determination not to take action with respect to such Major Decision), and none of the Master Servicer, the Special Servicer
or any other Person shall implement any decision with respect to such Major Decision (or make a determination not to take action
with respect to such Major Decision) unless and until the Master Servicer or the Special Servicer, as applicable, has received
the written consent of the Controlling Noteholder (or its Controlling Noteholder Representative).

(ii)       If
the Master Servicer or Special Servicer, as applicable, has not received a response from the Controlling Noteholder (or its Controlling
Noteholder Representative) with respect to such Major Decision within ten (10) Business Days (30 days with respect to any proposed
modification or waiver of any material provision in the related Mortgage Loan Documents governing the type, nature or amount of
insurance coverage required to be obtained and maintained by the Mortgage Loan Borrower) after delivery of the notice of such
Major Decision and the Major Decision Reporting Package, then the Controlling Noteholder (or its Controlling Noteholder Representative)
will be deemed to have approved such action. Notwithstanding the provisions set forth in subsection (i), in the event that the
Special Servicer or Master Servicer (in the event the Master Servicer is otherwise authorized by this Agreement or the Servicing
Agreement to take such action), as applicable, determines that immediate action, with respect to the foregoing matters, or any
other matter requiring consent of the Controlling Noteholder (or its Controlling Noteholder Representative) in this Agreement
or the Servicing Agreement, is necessary to protect the interests of the Noteholders (as a collective whole (taking into account
the subordinate nature of Note B and the pari passu nature of the A Notes)), the Special Servicer or Master Servicer, as applicable
may take any such action without waiting for the response of the Controlling Noteholder (or its Controlling Noteholder Representative),
provided that the Special Servicer or Master Servicer, as applicable provides the Controlling Noteholder with prompt written notice
following such action including a reasonably detailed explanation of the basis therefor. Similarly, 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 Servicer may take actions with respect to the Mortgaged Property before obtaining the consent
of the Controlling Noteholder (or its Controlling Noteholder Representative) if the Servicer 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 collective whole, and the Servicer has made a reasonable effort to contact the Controlling Noteholder.
The foregoing shall not relieve the Lead Securitization Noteholder (or a Servicer acting on its behalf) of its duties to comply
with the Servicing Standard.

(iii)       Notwithstanding
the foregoing, the Lead Securitization Noteholder (or any Servicer acting on its behalf) shall not follow any advice, direction,
objection or consultation

    	43 

    	 

    

provided
by the Controlling Noteholder (or its Controlling Noteholder Representative) that would require or cause the Lead Securitization
Noteholder (or any 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 Securitization Noteholder (or any Servicer acting on its behalf) to violate
provisions of this Agreement or the Servicing Agreement, require or cause the Lead Securitization Noteholder (or any Servicer
acting on its behalf) to violate the terms of the Mortgage Loan, or materially expand the scope of the Lead Securitization Noteholder’s
(or any Servicer acting on its behalf) responsibilities under this Agreement or the Servicing Agreement.

The
Special Servicer shall be required to provide copies to each Non-Controlling Note A Holder of any notice, information and report
that is required to be provided to the Controlling Noteholder pursuant to the Servicing Agreement with respect to any Major Decisions
or the implementation of any recommended actions outlined in an Asset Status Report within the same time frame such notice, information
and report is required to be provided to the Controlling Noteholder, and the Special Servicer shall be required to consult with
each Non-Controlling Note A Holder on a strictly non-binding basis, to the extent having received such notices, information and
reports, any Non-Controlling Note A Holder requests consultation with respect to any such Major Decisions or the implementation
of any recommended actions outlined in an Asset Status Report, and consider alternative actions recommended by such Non-Controlling
Note A Holder; provided that after the expiration of a period of ten (10) Business Days from the delivery to any Non-Controlling
Note A Holder by the Special Servicer of written notice of a proposed action, together with copies of the notice, information
and reports, the Special Servicer shall no longer be obligated to consult with such Non-Controlling Note A Holder, whether or
not such Non-Controlling Note A Holder has responded within such ten (10) Business Day period (unless, the Special Servicer proposes
a new course of action that is materially different from the action previously proposed, in which case such ten (10) Business
Day period shall be deemed to begin anew from the date of such proposal and delivery of all information relating thereto). No
consultation of the Non-Controlling Note A Holder shall (a) require or cause the Master Servicer or the Special Servicer to violate
the terms of the Mortgage Loan, applicable law or any provision of this Agreement or the Servicing Agreement, including the Master
Servicer’s or the Special Servicer’s obligation to act in accordance with the Servicing Standard and to maintain the
REMIC status of each Trust REMIC and the grantor trust status of the Grantor Trust, (b) result in a breach of Section 5(e)
or (c) materially expand the scope of the Special Servicer’s, Trustee’s, the Certificate Administrator’s
or the Master Servicer’s responsibilities under this Agreement or the Servicing Agreement. Notwithstanding the consultation
rights of the related Non-Controlling Note A Holder set forth above, the Master Servicer or Special Servicer 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 such Master Servicer or Special Servicer determines that immediate action with respect thereto is necessary to protect
the interests of the Noteholders. After a Securitization of any A Note, references in this paragraph to a Non-Controlling Note
A Holder as such term relates to such A Note shall mean the related Non-Controlling Note A Subordinate Class Representative.

In
addition to the consultation rights provided in the immediately preceding paragraph, each Non-Controlling Note A Holder shall
have the right to attend annual meetings (which may be held telephonically or in person, at the discretion of the Servicer) with
the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf),

    	44 

    	 

    

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.

The
Noteholders acknowledge that the Lead Securitization Servicing Agreement may contain certain provisions that give the Operating
Advisor or Risk Retention Consultation Party certain non-binding consultation rights with respect to Major Decisions and other
events related to compliance with the Risk Retention Rules applicable to the Lead Securitization.

(g)  
Notwithstanding anything to the contrary in this Agreement, for so long as Note B is included in the Lead Securitization,
the provisions of this subsection (g) shall not have any force or effect.

The
Note 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 receipt of a third party Appraisal ordered
by the Master Servicer or the Special Servicer that indicates such Control Appraisal Period has occurred (which such Appraisal
the Special Servicer will be required to deliver to the Note B Holder within two Business Days of receipt by the Special Servicer
of such third party Appraisal) together with the Master Servicer’s calculation of the Appraisal Reduction Amount applicable
to Note B): (i) the Note B Holder shall have delivered Threshold Event Collateral 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 Servicer
on behalf of the Lead Securitization Noteholder in (a) cash collateral for the benefit of, and acceptable to, the Servicer or
(b) an unconditional and irrevocable standby letter of credit with the Lead Securitization Noteholder (or after the closing of
the Lead Securitization, the Servicer or such other party as provided under the Servicing Agreement) as the beneficiary, issued
by a bank or other financial institutions the long term unsecured debt obligations of which are 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, in each case ignoring
any of the foregoing ratings requirements with respect to any rating agency that is not one of the Rating Agencies (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 B Holder (a
“Threshold Event Cure”), no Control Appraisal Period caused by application of an Appraisal Reduction Amount
shall be deemed to have occurred with respect to the Note B Holder. If a letter of credit is furnished as Threshold Event Collateral,
the Note 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 applicable Controlling Noteholder, 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 B Holder shall be required to replace such letter of credit with other Threshold Event Collateral within 30 days if the credit
ratings of the issuing entity are downgraded below the required ratings; provided,

    	45 

    	 

    

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 the applicable Control Appraisal
Period from occurring; (ii) the occurrence of a Final Recovery Determination or (iii) the return of the Threshold Event Collateral
pursuant to the following sentence. 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 B Holder, any or such portion of Threshold Event Collateral held by the Servicer shall
promptly be returned to the Note B Holder (at its sole expense). Upon a Final Recovery Determination with respect to the Mortgage
Loan, such Threshold Event Collateral shall be available to reimburse each Noteholder for any realized loss pursuant to Sections
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 Principal Balance and the Note 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. Any Threshold Event Collateral shall be treated as an “outside reserve fund” for purposes
of the REMIC Provisions and such property (and the right to reimbursement of any amounts with respect thereto from a REMIC) shall
be beneficially owned by the posting Noteholder who shall be taxed on all income with respect thereto. 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.

(h)  
Regardless of whether a Control Appraisal Period is in effect with respect to Note B, each of the Master Servicer and the
Special Servicer shall provide to the Note B Holder copies of all notices, reports and information that the Servicing Agreement
requires such Master Servicer or Special Servicer, as the case may be, to provide to the Controlling Noteholder during such time
as no Control Appraisal Period is in effect.

(i)    
The Master 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.

(j)    
Notwithstanding anything to the contrary contained herein or in the Servicing Agreement, if at any time a Borrower Party
is a Noteholder (a “Borrower Party Noteholder”), then (i) such Borrower Party Noteholder shall not have any
rights as a Controlling Noteholder (or a Controlling Class Representative) or as a Non-Controlling Note A Holder (or a Non-Controlling
Note A Subordinate Class Representative), (ii) such Borrower Party Noteholder shall have no right to appoint or terminate the
Master Servicer or Special Servicer, (iii) such Borrower Party Noteholder shall have no right to consult with or advise the Master
Servicer or Special Servicer, and shall have no right to review and approve or comment on any Asset Status Report and (iv) in
each and every instance where, pursuant to this Agreement or the Servicing Agreement, the Master Servicer or Special Servicer
must take into account the interests of each Noteholder (or words of similar import), such consideration shall be given to the
Borrower Party Noteholder only in its capacity as a holder of the applicable Note.

    	46 

    	 

    

(k)  
If an Event of Default under the Mortgage Loan has occurred and is continuing, the Special Servicer may, in accordance
with the terms and provisions of the Servicing Agreement and subject to the Servicing Standard, elect to sell (1) if no Control
Appraisal Period has occurred and is continuing, the Mortgage Loan, subject to obtaining the consent (or deemed consent) of the
Note B Holder under Section 5(f), in which case such sale would include each of the A Notes and Note B, or (2) if a Control
Appraisal Period has occurred and is continuing, each of the A Notes and Note B, subject to obtaining the consent (or deemed consent)
of the Controlling Noteholder under Section 5(f), unless a Control Termination Event has occurred and is continuing, and
without obtaining the consent (or deemed consent) of the Note B Holder.

Each
Non-Lead Noteholder hereby appoints the Lead Securitization Noteholder as its agent, and grants to the Lead Securitization 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 its respective Non-Lead Note. Each Non-Lead Noteholder further agrees that, upon the request of the
Lead Securitization Noteholder, the Non-Lead Noteholder shall execute and deliver to or at the direction of the Lead Securitization
Noteholder such powers of attorney or other instruments as the Lead Securitization Noteholder may reasonably request to better
assure and evidence the foregoing appointment and grant, in each case promptly following request, and shall deliver its respective
original Non-Lead Note, endorsed in blank, to or at the direction of the Lead Securitization Noteholder in connection with the
consummation of any such sale. For the avoidance of doubt, this paragraph is subject to the consent right of the Controlling Noteholder
in the immediately preceding paragraph.

The
authority of the Lead Securitization Noteholder to sell a Non-Lead Note, and the obligations of a Non-Lead Noteholder to execute
and deliver instruments or deliver the Non-Lead Note upon request of the Lead Securitization Noteholder, 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 Person
that sold such Lead Securitization Note into the Lead Securitization from the Lead Securitization Trust 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 Noteholder the benefit of any representation
or warranty made by the Person 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.

Section
6.               
Appointment of Controlling Noteholder Representative.

(a)   
The Controlling Noteholder shall have the right at any time to appoint a controlling noteholder representative to exercise
its rights hereunder (the “Controlling Noteholder Representative”). 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 a Borrower Party),

    	47 

    	 

    

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 Representative acting on behalf of the Controlling
Noteholder and other Noteholders (and any Servicer) will accept such actions of the Controlling Noteholder Representative as actions
of the Controlling Noteholder. The Lead Securitization Noteholder (or any Servicer on its behalf) shall not be required to recognize
any Person as a Controlling Noteholder Representative until the Controlling Noteholder has notified the Lead Securitization 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 Securitization Noteholder (and any Servicer) with written
confirmation of its acceptance of such appointment, an address, any fax number and any email address 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, telephone numbers, any fax numbers and any email addresses). The Controlling Noteholder 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 Noteholder Representative until they receive such information from the Controlling Noteholder. The
Controlling Noteholder agrees to inform each such Servicer or Trustee of the then-current Controlling Noteholder Representative.

(b)  
Neither the Controlling Noteholder Representative nor the Controlling Noteholder will have any liability to any other 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 for errors in judgment, absent any loss, liability or expense incurred by reason of its willful misfeasance, bad
faith or gross negligence. The Noteholders agree that the Controlling Noteholder Representative and the Controlling Noteholder
may take or refrain from taking actions that favor the interests of one Noteholder over any other Noteholder, 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 Noteholder.

(c)   
If the Note A-1 Holder is the Controlling Noteholder and Note A-1 (or a portion thereof) is included in a Securitization,
each of the other Noteholders 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 5(g) and this Section 6
shall be exercisable by the Controlling Class Representative (or the applicable Person specified in the Non-Lead Securitization
Servicing Agreement for the Note A-1 Securitization) to the extent set forth in the Non-Lead Securitization Servicing Agreement
for the Note A-1 Securitization.

  

    	48 

    	 

    

     Section
7.             Special
Servicer. 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, at any time from time to time, to appoint a replacement Special Servicer with respect to the Mortgage Loan.
The Controlling Noteholder (or its Controlling Noteholder Representative) shall be entitled to terminate the rights and obligations
of any Special Servicer under the Servicing Agreement, with or without cause, upon at least ten (10) Business Days’ prior
written notice to the Special Servicer (provided, however, that the Controlling Noteholder and/or 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); such termination not to be effective unless and until (A) each Rating Agency delivers
a Rating Agency Confirmation (to the extent any portion of the Mortgage Loan has been securitized); (B) the 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 the Mortgage Loan pursuant to an assumption agreement reasonably satisfactory to
the Trustee; and (C) the Trustee shall have received an opinion of counsel reasonably satisfactory to the Trustee to the effect
that (x) the designation of such replacement to serve as Special Servicer is in compliance with the Servicing Agreement, (y) such
replacement will be bound by the terms of the Servicing Agreement with respect to such Mortgage Loan and (z) subject to customary
qualifications and exceptions, the applicable Servicing Agreement will be enforceable against such replacement in accordance with
its terms. The Lead Securitization Noteholder shall promptly provide copies to any terminated Special Servicer of the documents
referred to in the preceding sentence. The Lead Securitization Noteholder will reasonably cooperate with the Controlling Noteholder
in order to satisfy the foregoing conditions, including the Rating Agency Confirmation.

The
Controlling Noteholder agrees and acknowledges that the Lead Securitization Servicing Agreement may contain provisions to the
effect that any Special Servicer is subject to termination under the Lead Securitization Servicing Agreement based on a recommendation
by the Operating Advisor if (A) 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 securities issued under the Lead Securitization Servicing Agreement (as a collective whole) and
(B) an affirmative vote of requisite certificateholders is obtained. The Controlling Noteholder will retain its right to remove
and replace the Special Servicer, but the Controlling Noteholder may not restore a Special Servicer that has been removed in accordance
with the preceding sentence.

Section
8.               
Payment Procedure.

(a)   
The Lead Securitization Noteholder (or the Master Servicer on its behalf), in accordance with the priorities set forth
in Section 3 or 4, and subject to the terms of the Servicing Agreement, will deposit or cause to be deposited all
payments allocable to the Notes to the Collection Account established pursuant to the Servicing Agreement. The Lead Securitization
Noteholder (or the Master Servicer on its behalf) shall establish sub-accounts of the Collection Account for amounts due to each
Noteholder. The Lead Securitization Noteholder (or the Master Servicer acting on its behalf) shall deposit such amounts to the
applicable account within two (2)

    	49 

    	 

    

Business
Days following the Lead Securitization Noteholder’s (or the Master Servicer’s acting on its behalf) receipt of properly
identified funds from or on behalf of the Mortgage Loan Borrower; provided, however, that in the event the Master
Servicer (when otherwise required to remit) is in receipt of properly identified funds that are not available to the Master Servicer,
the Master Servicer may instead deposit such amounts into the Collection Account on the same Business Day that such properly identified
funds become available to the Master Servicer.

(b)  
If the Lead Securitization 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 such Noteholder or any Servicer or
paid to any other Person, then, notwithstanding any other provision of this Agreement, the Lead Securitization 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 Securitization Noteholder (or the Servicer on its behalf) repay to the Lead Securitization Noteholder
(or the Servicer on its behalf) any portion thereof that the Lead Securitization 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 Securitization
Noteholder shall have been required to pay to the Mortgage Loan Borrower, the Master Servicer, Special Servicer, any other Noteholder
or such other Person with respect thereto.

(c)   
If, for any reason, the Lead Securitization Noteholder (or the Servicer on its behalf) makes any payment to any other Noteholder
before the Lead Securitization Noteholder (or the Servicer on its behalf) has received the corresponding payment (it being understood
that the Lead Securitization Noteholder (or the Servicer on its behalf) is under no obligation to do so), and the Lead Securitization
Noteholder (or the Servicer on its behalf) does not receive the corresponding payment within three (3) Business Days of its payment
to such other Noteholder, then such other Noteholder will, at the Lead Securitization Noteholder’s (or the Servicer’s
on its behalf) request, promptly return that payment to the Lead Securitization 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 Securitization Noteholder (or
the Servicer on its behalf) for application subject to and in accordance with this Agreement and the Servicing. The Lead Securitization
Noteholder (or the Servicer on its behalf) shall have the right to offset any amounts due hereunder from any other Noteholder,
as applicable, with respect to the Mortgage Loan against any future payments due to such other Noteholder, as applicable, 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 Securitization 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. No Noteholder (including any Servicer on a Noteholder’s behalf,
but only to the extent that the Servicing Agreement does not impose any other standard upon any Servicer, in which case the Servicing

    	50 

    	 

    

Agreement
shall control) shall have any liability to any other Noteholder except with respect to losses actually suffered due to the gross
negligence, willful misconduct or breach of this Agreement on the part of such Noteholder.

The
Note B Holder acknowledges that, subject to the terms and conditions hereof and the obligation of the Lead Securitization Noteholder
(including any Servicer) to comply with, and except as otherwise required by, the Servicing Standard, the Lead Securitization
Noteholder (including any Servicer) may exercise, or omit to exercise, any rights that the Lead Securitization Noteholder may
have under this Agreement and the Servicing Agreement in a manner that may be adverse to the interests of the Note B Holder and
that the Lead Securitization Noteholder (including any Servicer) shall have no liability whatsoever to the Note B Holder in connection
with the Lead Securitization Noteholder’s exercise of rights or any omission by the Lead Securitization Noteholder to exercise
such rights other than as described above; provided, however, that such Servicer must act in accordance with the Servicing Standard.

Each
Noteholder acknowledges that, subject to the terms and conditions hereof, any other Noteholder may exercise, or omit to exercise,
any rights that such Noteholder may have under this Agreement and the Servicing Agreement in a manner that may be adverse to the
interests of each other Noteholder and that such Noteholder shall have no liability whatsoever to any other Noteholder in connection
with such Noteholder’s exercise of rights or any omission by such Noteholder to exercise such rights; provided, however,
that such Noteholder shall not be protected against any liability to any other Noteholder 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 and the Servicing Standard, each Noteholder
hereby covenants and agrees that only the Lead Securitization 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 and the Servicing Standard, each Noteholder
further agrees that only the Lead Securitization 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. Subject to the provisions of Section
5(f) hereof and the Servicing Standard, the Noteholders hereby appoint the Lead Securitization Noteholder as their agent,
and grant to the Lead Securitization Noteholder 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 one or more of such Noteholders 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 Noteholders, hereby agree that, upon the request of the Lead Securitization
Noteholder but subject to the

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provisions
of Section 5(f), each other Noteholder shall execute, acknowledge and deliver to the Lead Securitization Noteholder all
and every such further deeds, conveyances and instruments as the Lead Securitization Noteholder may reasonably request for the
better assuring and evidencing of the foregoing appointment and grant. All actions taken by any Servicer in connection with any
Insolvency Proceeding are subject to and must be in accordance with the Servicing Standard.

Section
11.           
Cure Rights of the Note B Holder.

Notwithstanding
anything to the contrary in this Agreement, for so long as Note B is included in the Lead Securitization, the provisions of this
Section 11 shall not have any force or effect. 

(a)   
Subject to Section 11(b) below, and prior to a Control Appraisal Period, 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 Securitization Noteholder
shall provide written notice to the Note B Holder and the Controlling Noteholder Representative of such default (the “Monetary
Default Notice”). The Note B Holder shall have the right, but not the obligation, to cure such Monetary Default within
seven (7) Business Days after receiving the Monetary Default Notice (the “Cure Period”) and at no other times.
The Monetary Default Notice shall contain a statement that the Note B Holder’s or the Controlling Noteholder Representative’s
failure to cure such Monetary Default within seven (7) Business Days after receiving such notice will result in the termination
of the right to cure such Monetary Default. At the time a payment is made by the Note B Holder to cure a Monetary Default, the
Note B Holder shall pay or reimburse the Note A Holder for all unreimbursed Advances (whether or not recoverable with respect
to any Note), Advance Interest Amounts, any unpaid fees to any Servicer and any Additional Servicing Expenses. The Note 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 Lead Securitization Noteholder (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
Loan); provided that such limitation shall not prevent the Lead Securitization Noteholder from collecting Default Interest
or late charges from the Mortgage Loan Borrower to be applied in accordance with this Agreement. 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 B Holder’s right to cure a Monetary
Default or Non-Monetary Default under Section 11(a) shall be limited to a combined total of (i) six (6) cures of Monetary
Defaults over the term of the Mortgage Loan, no more than four (4) of which may be consecutive, and (ii) six (6) cures of Non-Monetary
Defaults over the term of the Mortgage Loan. Additional cure periods shall only be permitted with the consent of the Lead Securitization
Noteholder.

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(c)   
No action taken by the Note 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 Note A Holders’ respective rights under the Mortgage Loan Documents
shall not be waived or prejudiced by virtue of the Note B Holder’s actions under this Agreement. Subject to the terms of
this Agreement, the Note B Holder shall be subrogated to the Note A Holders’ respective rights to any payment owing to such
Note A Holders for which the Note B Holder makes a cure payment as permitted under this Section 11, but such subrogation
rights may not be exercised against the Mortgage Loan Borrower until ninety-one (91) days after the Note is paid in full.

(d)  
Prior to a Control Appraisal Period, 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 Securitization Noteholder shall provide notice
of such Non-Monetary Default to the Note B Holder and the Controlling Noteholder Representative of such Non-Monetary Default (the
“Non-Monetary Default Notice”) and the Note B Holder shall have the right, but not the obligation, to cure
such Non-Monetary Default until the later of (a) the expiration date of the cure period afforded to the Mortgage Loan Borrower
under the Mortgage Loan Documents, without regard for the date of receipt by the Note B Holder of the Non-Monetary Default Notice,
and (b) the date which is thirty (30) days from the date of receipt by the Note B Holder of the Non-Monetary Default Notice related
to such Non-Monetary Default; 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
B Holder, the Note B Holder (unless a Control Appraisal Period has occurred and is continuing with respect to the Note B Holder)
shall be given an additional period of time as is reasonably necessary to enable the Note B Holder in the exercise of due diligence
to cure such Non-Monetary Default for so long as (i) the Note B Holder diligently and expeditiously proceeds to cure such Non-Monetary
Default, (ii) the Note B Holder makes all cure payments that they are permitted to make in accordance with the terms and provisions
of Section 11(a) hereof, (iii) such additional period of time does not exceed ninety (90) days, (iv) such Non-Monetary
Default is not caused by an Insolvency Proceeding or during such period of time that the Note 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 value,
use or operation of the Mortgaged Property taken as whole, which cannot be cured by the Note B Holder within five (5) days of
such notice of such material adverse effect. The Non-Monetary Default Notice shall contain a statement that the Note B Holder’s
or the Controlling Noteholder Representative’s failure to cure such Non-Monetary Default within the applicable Non-Monetary
Default Cure Period after receiving such notice will result in the termination of the right to cure such Non-Monetary Default.
The Note B Holder shall not contact the Mortgage Loan Borrower in order to effect any cures under Section 11(a) or this
Section 11(d) without the prior written consent of the Lead Securitization Noteholder (or the Servicer on its behalf),
such consent not to be unreasonably withheld, conditioned or delayed.

Section
12.           
Purchase By the Note B Holder.

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Notwithstanding
anything to the contrary in this Agreement, for so long as Note B is included in the Lead Securitization, the provisions of this
Section 12 shall not have any force or effect. 

The
Note B Holder shall have the right, by written notice to (x) the Note A Holder (a “Noteholder Purchase Notice”;
the sender(s) of such notice, the “Purchasing Noteholder”; and each recipient of such notice, a “Selling
Noteholder”), delivered at any time an Event of Default under the Mortgage Loan or a Servicing Transfer Event has occurred
and is continuing, to purchase, in immediately available funds, Note A (for the purposes of this Section 12, the “Purchased
Note”), in whole but not in part at the applicable Defaulted Mortgage Loan Purchase Price. For avoidance of doubt, if
the Note B elects to send a Noteholder Purchase Notice pursuant to this Section 12, it/they must purchase the applicable
Purchased Note(s). Upon the delivery of the Noteholder Purchase Notice to the Selling Noteholder(s), the Selling Noteholder shall
sell (and the Purchasing Noteholder shall purchase) the Purchased Note(s) at the applicable Defaulted Mortgage Loan Purchase Price,
on a date (the “Defaulted Note Purchase Date”) not less than ten (10) days and not more than sixty (60) days
after the date of the Noteholder Purchase Notice, as shall be mutually established by the Purchasing Noteholder and the Selling
Noteholder(s). The Noteholder Purchase Notice shall contain a statement that the Purchasing Noteholder’s failure to purchase
the Purchased Note(s) on a Defaulted Note Purchase Date (other than as a result of any failure to consummate such purchase on
the part of the Selling Noteholder or as a result of the conditions giving rise to such purchase ceasing to exist) will result
in the termination of such right in respect of the Event of Default that caused such purchase right to be exercisable and not
in respect of any other Event of Default. The Note B Holder agrees that the sale of any Purchased Notes to it shall comply with
all requirements of the Servicing Agreement and that all actual costs and expenses related thereto shall be paid by the applicable
Purchasing Noteholder. The Defaulted Mortgage Loan Purchase Price shall be calculated by the Selling Noteholder(s) (or the Servicer
on its or their 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 reasonably detailed back-up documentation
explaining how such price was determined), and shall, absent manifest error, be binding upon the Purchasing Noteholder. Concurrently
with the payment to the Selling Noteholder(s) in immediately available funds of the Defaulted Mortgage Loan Purchase Price, the
Selling Noteholder(s) shall execute at the sole cost and expense of the Purchasing Noteholder in favor of the Purchasing Noteholder
assignment documentation which will assign the Purchased Note(s) and the Mortgage Loan Documents without recourse, representations
or warranties (except each Selling Noteholder 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 its Note and all of its right, title and interest in and to the Mortgage
Loan Documents free and clear of all liens and encumbrances (other than the interest created by the Note(s) that are not the Purchased
Note(s))). The right of the Note B Holder to purchase one or more Notes as set forth above in this Section 12 shall automatically
terminate upon a foreclosure sale, sale by power of sale or delivery of a deed in lieu of foreclosure with respect to the Mortgaged
Property (and the Lead Securitization Noteholder shall give the Note B Holder ten (10) Business Days’ prior written
notice of its intent with respect to such action (which such action shall be subject to Section 5 hereof)). Notwithstanding
the foregoing sentence, if title to the Mortgaged Property is transferred to the Lead Securitization Noteholder (or a designee
on its behalf), in a manner commonly known as “the borrower turning over the keys” and not otherwise in connection
with a consummation by the Lead Securitization Noteholder of a foreclosure sale or sale by power

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of sale
or acceptance of a deed in lieu of foreclosure, less than ten (10) Business Days after the acceleration of the Mortgage Loan,
the Lead Securitization Noteholder shall notify the Note B Holder of such transfer and the Note B Holder shall have a fifteen (15)
Business Day period from the date of such notice from the Lead Securitization Noteholder to deliver the Noteholder Purchase Notice
to the Lead Securitization Noteholder, in which case the Note B Holder shall be obligated to purchase the Mortgaged Property,
in immediately available funds, within such fifteen (15) Business Day period at the applicable Defaulted Mortgage Loan Purchase
Price.

Section
13.           
Representations of the Note B Holder. The Note B Holder represents, solely as to itself and Note B, and it is specifically
understood and agreed, that it is acquiring Note B for its own account in the ordinary course of its business and none of the
Note A Holder shall have any liability or responsibility to the Note B Holder except (i) as expressly provided herein or (ii)
for actions that are taken or omitted to be taken by the Note A Holder that constitute gross negligence or willful misconduct
or that constitute a breach of this Agreement. The Note B Holder represents and warrants solely as to itself 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 B Holder, and that this
Agreement is the legal, valid and binding obligation of the Note B Holder enforceable against the Note 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 B Holder represents and warrants solely
as to itself that it is duly organized, validly existing, in good standing and possesses of all licenses and authorizations necessary
to perform its obligations hereunder. The Note B Holder represents and warrants as to itself that (a) this Agreement has been
duly executed and delivered by the Note B Holder, (b) to the Note 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 B Holder have been obtained or made and (c) to the Note B Holder’s actual
knowledge, there is no pending action, suit or proceeding, arbitration or governmental investigation against the Note B Holder,
an adverse outcome of which would materially and adversely affect its performance under this Agreement.

The
Note B Holder acknowledges that none of the Note A Holders 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 B Holder with respect to any action taken by such
Note A Holder in connection with the Mortgage Loan.

The
Note B Holder expressly and irrevocably waives for itself and any Person claiming through or under the Note 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.

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     Section
14.           
Representations of the Note A Holders. Each of the Note A Holders represents and warrants that the execution,
delivery and performance of this Agreement is within its corporate powers, has been duly authorized by all necessary corporate
action, and does not contravene such Noteholder’s charter or any law or contractual restriction binding upon such Noteholder
and that this Agreement is the legal, valid and binding obligation of such Noteholder as applicable enforceable against it in
accordance with its terms. Each of the Note A Holders 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 respective business. Each of the
Note A Holders represents and warrants that (a) this Agreement has been duly executed and delivered by such Noteholder, (b)
to such 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 Noteholder
have been obtained or made and (c) to such Noteholder’s actual knowledge, there is no pending action, suit or proceeding,
arbitration or governmental investigation against such Noteholder, an adverse outcome of which would materially and adversely
affect its performance under this Agreement.

Section
15.           
Independent Analysis of the Note B Holder. The Note B Holder acknowledges that it has, independently and without
reliance upon the Initial Note A Holders, except with respect to the representations and warranties provided by the Initial
Note A Holders herein and in any documents or instruments executed and delivered by the Note A Holders in connection
herewith (including the representations and warranties provided in the agreement pursuant to which it acquired Note B), and based
on such documents and information as it has deemed appropriate, made its own credit analysis and decision to purchase Note B and
the Note B Holder accepts responsibility therefor. The Note B Holder hereby acknowledges that, other than the representations
and warranties provided herein and in such other documents or instruments, none of the Note A Holders has made any representations
or warranties with respect to the Mortgage Loan, subject to such representations and warranties as provided by the Note A
Holders herein and in such other documents and instruments, and that none of the Note A Holders shall have any 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 Note A Holders 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. The Note B Holder assumes all risk
of loss in connection with its Note 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 between any of the Noteholders as a partnership,
association, joint venture or other entity. No Noteholder shall have any obligation whatsoever to offer to any other Noteholder
the opportunity to purchase any future loan originated by such Noteholder or its Affiliates and if any Noteholder chooses to offer
to any other Noteholder the opportunity to purchase any future mortgage loan originated by such Noteholder or its Affiliates,
such offer shall be at such purchase price and interest rate as such Noteholder chooses, in its sole and absolute discretion.
No Noteholder shall have any obligation whatsoever to purchase from any other Noteholder any future loans originated by such Noteholder
or its Affiliates.

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     Section
17.           
Not a Security. None of the Notes shall be deemed to be a security within the meaning of the Securities Act or the
Exchange Act.

Section
18.           
Other Business Activities of the Noteholders. Each Noteholder acknowledges that each other Noteholder or its Affiliates
may make loans or otherwise extend credit to, and generally engage in any kind of business with, (i) (a) the Mortgage Loan Borrower
or (b) any direct or indirect parent of the Mortgage Loan Borrower or (c) any Affiliate of the Mortgage Loan Borrower or (d) any
Affiliate of any direct or indirect parent of the Mortgage Loan Borrower, (ii) any entity that is a holder of debt secured by
direct or indirect ownership interests in the Mortgage Loan Borrower or any Affiliate of the holder of such debt, or (iii)
any entity that is a holder of a preferred equity interest in the Mortgage Loan Borrower or any Affiliate of a holder of
such preferred equity (each, a “Mortgage Loan Borrower Related Party”), and receive payments on such other
loans or extensions of credit to Mortgage Loan Borrower Related Parties and otherwise act with respect thereto freely and without
accountability in the same manner as if this Agreement and the transactions contemplated hereby were not in effect.

Section
19.           
Sale of the Notes.

(a)   
The Note B Holder agrees that it will not Transfer all or any portion of its Note except in accordance with this Section
19. The Note B Holder shall have the right, without the need to obtain the consent of any Note A Holder or any other Person,
to Transfer 49% or less (in the aggregate) of its interest in its Note to any Person, provided that any such Transfer shall be
made in accordance with the terms of this Section 19. The Note B Holder shall have the right to Transfer its entire
Note or any portion thereof exceeding 49%, (i) to a Qualified Institutional Lender, provided, that promptly after the Transfer
the Note A Holders are provided with (x) a representation from a transferee or the Note B Holder certifying that such transferee
is a Qualified Institutional Lender, and (y) a copy of the assignment and assumption agreement referred to in Section 20
and provided further, that such transfer would not cause such Note to be held by more than five persons nor cause there to be
no one person owning a majority of such Note and (ii) to an entity that is not a Qualified Institutional Lender, provided that
with respect to this clause (ii), the Note B Holder obtains (1) prior to the Lead Securitization Date, the consent of the Note A-1
Holder, each such consent not to be unreasonably withheld, conditioned or delayed, and (2) after the Lead Securitization Date,
Rating Agency Confirmation (and for avoidance of doubt, no consent of the Lead Securitization Noteholder shall be required after
the closing of the Lead Securitization); provided that in each of case (1) and (2), (x) promptly after the Transfer the
Note A Holders are each provided with a copy of the assignment and assumption agreement referred to in Section 20
and (y) such transfer would not cause the subject Note to be held by more than five persons; and provided further, however,
that if such transfer would cause there to be no one person owning a majority of the subject Note, then such transfer will not
be permitted unless persons owning a majority of the subject Note designate one of such persons to act on behalf of such persons
owning such majority. If the subject Note is held by more than one Noteholder at any time, the holders of a majority of the Note
B Principal Balance shall immediately appoint a representative to exercise all rights of the Note B Holder hereunder. Notwithstanding
the foregoing, without the Lead Securitization Noteholder’s prior consent, which may be withheld in the Lead Securitization
Noteholder’s sole and absolute discretion, the Note B Holder shall not Transfer all or any portion of its Note to a Borrower
Party and any such Transfer shall be absolutely null and void and shall vest no rights in the purported transferee. The Note B
Holder agrees it will

    	57 

    	 

    

pay the
expenses of the Lead Securitization Noteholder (including all expenses of the Master Servicer and the Special Servicer) and the
Non-Lead Securitization Note A Holders (including all expenses of the related Non-Lead Master Servicer and the related Non-Lead
Special Servicer) in connection with any such Transfer.

(b)  
All Transfers under Section 19(a) shall be made upon written notice to the Note A Holders not later than the
date of such Transfer, and each transferee shall (i) execute an assignment and assumption agreement whereby such transferee
assumes all or a ratable portion, as the case may be, of the obligations of the Note B Holder hereunder with respect to its Note
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(e) by the Note B Holder of its Note solely as security for a loan to the Note B Holder made by a third-party
lender whereby the Note B Holder remains fully liable under this Agreement, on or before the date on which such third-party lender
succeeds to the rights of the Note 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 B Holder hereunder) and (ii) agree
in writing to be bound by the Servicing Agreement, unless the Servicing Agreement is not then in effect with respect to the Mortgage
Loan, in which event the parties will enter into or agree to be bound by any replacement servicing agreement therefor in accordance
with the provisions hereof. Upon the consummation of a Transfer of all or any portion of Note B in accordance with this Agreement,
the transferring Person shall be released from all liability arising under this Agreement with respect to Note B (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 Note B as described in clause (c) below). In connection with any such permitted transfer of a portion of Note
B and for all purposes of this Agreement, the Note A Holders need only recognize the majority holder of Note B for purposes
of notices, consents and other communications between a Note A Holder and such majority holder of Note B shall be the only Person
authorized hereunder to exercise any rights of the Note B Holder under this Agreement; provided, however, the majority
holder of Note B 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 the Note B Holder hereunder by delivering written notice thereof
to the Note A Holders, 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.

(c)   
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 their 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 Institutional Lender (and
delivers to the other Noteholders a certification from an authorized officer confirming its status as a Qualified Institutional
Lender), such Noteholder, by written notice to the other Noteholders, may

    	58 

    	 

    

delegate
to such participant such Noteholder’s right to exercise the rights of the Controlling Noteholder hereunder and under the
Servicing Agreement.

(d)  
Each of the Note A Holders shall have the right to Transfer all or any portion of its Note without the prior consent
of any other Noteholder (i) prior to an Event of Default, to any party other than a Borrower Party and (ii) after an Event of
Default, to any party, including a Borrower Party; provided, however, that following any Event of Default under
the Mortgage Loan, a Note A Holder may only transfer all or any portion of its Note to a Borrower Party with the prior written
consent of the Controlling Noteholder at any time when such Note A Holder is not the Controlling Noteholder; provided
further, however, that following any Transfer of any A Note, the Mortgage Loan continues to be serviced in its
entirety pursuant to the Servicing Agreement by a Servicer unaffiliated with Mortgage Loan Borrower. For the avoidance of doubt,
subject to Section 12, no Noteholder or the Servicer shall have any right to Transfer or cause the Transfer of any other
Note. Notwithstanding the foregoing, without each non-transferring Note A Holder’s prior consent, and, if any such non-transferring
Note A Holder’s Note or any portion thereof is held in a Securitization Trust, without a Rating Agency Confirmation with
respect to the related Securitization, no Noteholder shall Transfer its Note or any portion thereof (or a participation interest
in such Note) to a Borrower Party and any such Transfer shall be absolutely null and void and shall vest no rights in the purported
transferee.

(e)   
Notwithstanding any other provision hereof, any Noteholder may pledge (a “Pledge”) its Note to any entity
(other than a Borrower Party) which has extended a credit or repurchase facility to such Noteholder and that is (x) either a Qualified
Institutional Lender or a financial institution whose long-term unsecured debt is rated at least “A” (or the equivalent)
or better by each Rating Agency or (y) to any Federal Reserve Bank or Federal Home Loan Bank to secure any obligation of such
Noteholder to such bank and such pledge shall be enforceable in accordance with the terms thereof (a “Note Pledgee”),
on terms and conditions set forth in this Section 19(e), it being further agreed that a financing provided by a Note
Pledgee to a Noteholder or any person which Controls such Noteholder that is secured by such Noteholder’s interest in the
applicable 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) prior
to the first Securitization of any Note, the consent of each other Noteholder and (b) after the closing of the first Securitization
of any Note, Rating Agency Confirmation. Upon written notice by the applicable Noteholder to each other Noteholder and any Servicer
that a Pledge has been effected (including the name and address of the applicable Note Pledgee), each other Noteholder agrees
to acknowledge receipt of such notice and thereafter agrees: (i) to give 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;
(ii) to allow such Note Pledgee a period of ten (10) Business Days to cure a default by the pledging Noteholder in respect
of its obligations to each other Noteholder 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 Noteholder shall give to such Note Pledgee copies of any notice of default under this Agreement simultaneously with
the giving of same to the pledging Noteholder and accept any cure thereof by such Note Pledgee which such pledging Noteholder
has the right (but not the obligation) to effect hereunder, as if such cure were made by such pledging

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Noteholder;
(v) that such other Noteholder 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 each other Noteholder and any Servicer by such
Note Pledgee that the pledging Noteholder is in default, beyond any applicable cure periods, under the pledging Noteholder’s
obligations to such Note Pledgee pursuant to the applicable credit agreement 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 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 each other Noteholder 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 any such other Noteholder to have been delivered by a Note Pledgee. Note Pledgee shall be permitted to exercise fully its rights
and remedies against the pledging Noteholder 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 Noteholders 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 Noteholder’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 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(e) 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.

(f)   
Notwithstanding any provisions herein to the contrary, if a conduit (“Conduit”) which is not a Qualified
Institutional Lender 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 Institutional Lender, if the following conditions
are satisfied:

(i)           
The loan made by the Conduit (the “Conduit Inventory Loan”) 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;

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

(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;

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(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 Institutional Lender, 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 Institutional Lender at a foreclosure sale conducted by a
Note Pledgee.

Section
20.           
Assignment and Assumption Upon Transfer. In connection with any Transfer of a Note to any entity (but excluding
(x) any participant and (y) any Pledgee unless and until it realizes on its Pledge), a transferee shall execute an assignment
and assumption agreement 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 restrictions on Transfers
set forth in Section 19, from and after the date of such assignment. Notwithstanding the preceding sentence, neither the
Trustee nor any Non-Lead Trustee shall 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 Lead Securitization Servicing Agreement or a Non-Lead Securitization
Servicing Agreement, as the case may be. In connection with a Transfer of a Note, 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 Notes. The Agent shall keep or cause to be kept at the Agent Office books (the “Note
Register”) for the registration and transfer of the Notes. The Agent shall serve as the initial Note registrar and the
Agent hereby accepts such appointment. The names and addresses of the holders of the Notes and the names and addresses of any
transferee of any Note of which the Agent has received notice, in the form of a copy of the assignment and assumption agreement
referred to in Section 20, and the principal amounts (and stated interest) of the Note owing to each such Noteholder, shall
be registered in the Note Register. The Person in whose name a Note is so registered shall be deemed and treated as the sole owner
and holder thereof for all purposes of this Agreement, except in the case of the Initial Noteholders who may hold their Notes
through a nominee. Upon request of a Noteholder, the Agent shall provide such party with the names and addresses of the Noteholders.
To the extent another party is appointed as Agent hereunder, the Noteholders hereby designate such person as their agent under
this Section 21 solely for purposes of maintaining the Note Register. The parties intend for the Mortgage Loan to be in
registered form for federal income tax purposes under Section 5f.103-1(c) of the United States Treasury Regulations.

           

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

Section
23.           
No Pledge. This Agreement shall not be deemed to represent a pledge of any interest in the Mortgage Loan by any
one or more Noteholders to any one or more other Noteholders. Except as otherwise provided in this Agreement and the Servicing
Agreement, no Non-Lead Noteholder shall have any interest in any property taken as security for the Mortgage Loan, provided,
however, that if any such property or the proceeds of any sale, lease or other disposition thereof shall be received, then
each Non-Lead Noteholder shall be entitled to receive its share of the application thereof 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 (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL
OBLIGATIONS LAW). EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM
ARISING OUT OF OR RELATING TO THIS AGREEMENT.

Section
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 SITTING IN THE BOROUGH OF MANHATTAN,
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;

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(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 each Noteholder. Additionally, for as long as any Note is contained in a Securitization Trust, the Noteholders
shall not amend or modify this Agreement without first receiving a Rating Agency Confirmation; provided that no such confirmation
from the Rating Agencies shall be required in connection with a modification or amendment (i) to cure any ambiguity, or (ii) entered
into pursuant to Section 38 of this Agreement or (iii) to correct or supplement any provision herein that may be defective
or inconsistent with any other provisions of this Agreement or 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. 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 applicable 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.

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

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    Section
32.           
Withholding Taxes.

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

(b)  
The Note B Holder shall and hereby agrees to indemnify the Lead Securitization Noteholder against and hold the Lead Securitization
Noteholder harmless from and against any Taxes, interest, penalties and reasonable attorneys’ fees, expenses and disbursements
arising or resulting from any failure of the Lead Securitization Noteholder (or the Servicer on its behalf) to withhold Taxes
from payment made to the Note B Holder in reliance upon any representation, certificate, statement, document or instrument made
or provided by the Note B Holder to the Lead Securitization Noteholder in connection with the obligation of the Lead Securitization
Noteholder to withhold Taxes from payments made to the Note B Holder, it being expressly understood and agreed that (i) the Lead
Securitization 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 and (ii) the
Note B Holder shall, upon request of the Lead Securitization Noteholder, at its sole cost and expense, defend any claim or action
relating to the foregoing indemnification using counsel selected by the Lead Securitization.

(c)   
The Note B Holder (to the extent it is not the same entity as the Lead Securitization Noteholder) represents (for the benefit
of the Mortgage Loan Borrower) that it is not a Non-Exempt Person and that neither the Lead Securitization Noteholder 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
reasonably requested by the Lead Securitization Noteholder or Servicer during the term of this Agreement, the Note B Holder shall
deliver to the Lead Securitization Noteholder or Servicer, as applicable, evidence satisfactory to the Lead Securitization Noteholder
substantiating that the Note B Holder is not a Non-Exempt Person and that the Lead Securitization Noteholder 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,
it being acknowledged by the parties hereto that delivery of a certification in the form attached hereto as Exhibit D shall
be satisfactory evidence that the Note B Holder is not a Non-Exempt Person. Without limiting the effect of the foregoing, (i)
if the Note B Holder (or, if the Note B Holder is disregarded for U.S. federal income tax purposes, the owner of the Note 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 Securitization Noteholder an Internal Revenue Service Form W-9
and (ii) if the Note B Holder

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(or,
if the Note B Holder is disregarded for U.S. federal income tax purposes, the owner of the Note 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 Note B Holder shall satisfy the requirements of the preceding sentence by furnishing to the Lead Securitization
Noteholder Internal Revenue Service Form W-8ECI, Form W-8IMY (with appropriate attachments), Form W-8BEN or Form W-8BEN-E, or
applicable successor forms, as may be required from time to time, duly executed by the Note B Holder; provided that the
Note B Holder, without request, shall deliver a new, appropriately completed Form W-8 if the Note B Holder’s current Form
W-8 “expires” or if there is a “change in circumstances” that makes any of the information on the current
Form W-8 incorrect (both within the meaning of the instructions to such Form W-8). The Lead Securitization Noteholder shall not
be obligated to make any payment hereunder to the Note B Holder in respect of Note B or otherwise until the Note B Holder shall
have furnished to the Lead Securitization 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 Notes) will
be held by the Lead Securitization Noteholder (or a custodian acting on behalf of the Lead Securitization Noteholder) who shall
act as secured party under the Mortgage Loan Documents on behalf of the registered holders of the Notes. Notwithstanding anything
to the contrary in this Agreement, upon the Lead Securitization, the originals of all of the Mortgage Loan Documents (other than
the Notes) shall be held by the Custodian. Each Note shall be held by the respective Noteholder or a custodian appointed by such
Noteholder.

Section
34.           
Notices. All notices required hereunder shall be given by (i) writing and personally delivered, (ii) sent by facsimile
transmission (during business hours) if a party has provided a facsimile number, (iii) reputable overnight delivery service (charges
prepaid), (iv) sent by electronic mail containing language requesting the recipient to confirm receipt thereof if a party has
provided an electronic mail address and only if such electronic mail is promptly followed by a written notice 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 Securitization
Noteholder (or any 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 Securitization Noteholder as a Non-Controlling
Note A Holder (or any Servicer on its behalf), shall also be delivered by the applicable party to each other Noteholder (including
to the Note B Holder regardless of whether a Control Appraisal Period is continuing)..

Section
35.           
Broker. Each Noteholder represents to each other Noteholder that no broker was responsible for bringing about this
transaction.

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    Section
36.           
Certain Matters Affecting the Agent.

(a)   
The Noteholders hereby appoint the Agent to act on their behalf, and the Agent shall act on behalf of the Noteholders;

(b)  
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;

(c)   
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;

(d)  
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;

(e)   
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;

(f)   
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

(g)  
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
37.           
Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Note
A-1 Holder. In the event that the Agent is terminated pursuant to this Section 37, 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. DB, as Initial Agent, may transfer its rights and
obligations to a Servicer, as successor Agent, at any time without the consent of any Noteholder. DB, 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. Notwithstanding the foregoing,
the Noteholders 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 the Initial Agent or any successor
thereto upon such Securitization without any further notice or other action. The termination or resignation of the Master Servicer,
as Master Servicer under the Servicing Agreement, shall be deemed a termination or resignation of such Master

    	66 

    	 

    

Servicer
as Agent under this Agreement without any further notice or other action, in which case the appointment of a successor Master
Servicer under the Servicing Agreement shall be deemed an appointment of such successor Master Servicer as successor Agent under
this Agreement without any further notice or other action.

Section
38.           
Resizing. In connection with the Mortgage Loan, each Noteholder agrees, subject to clause (iii)(y) below, that if
any Note A Holder determines that it is advantageous to resize its Note by causing the Mortgage Loan Borrower to execute
amended and restated or additional pari passu notes (in either case, “New Notes”) reallocating the principal
of such Note to such New Notes, each Noteholder other than the resizing Noteholder shall cooperate with the resizing Noteholder
to effect such resizing at such resizing Noteholder’s expense; provided that (i) the aggregate principal balance
of all outstanding New Notes following the creation thereof is no greater than the principal balance of such Note or Notes immediately
prior to the creation of the New Notes, (ii) the weighted average interest rate of all outstanding New Notes following the creation
thereof is the same as the interest rate of the related Note or Notes immediately prior to the creation of the New Notes, and
(iii) no such resizing shall (x) change the interest allocable to, or the amount of any payments due to, any other Noteholder,
or priority of such payments, or (y) increase any other Noteholder’s obligations or decrease any other Noteholder’s
rights, remedies or protections. In connection with any resizing of any A Note, the related Noteholder may allocate its rights
hereunder among the New Notes in any manner in its sole discretion.

Section
39.           
Conflict. To the extent of any inconsistency between the Servicing Agreement, on one hand, and this Agreement, on
the other, this Agreement shall control.

Section
40.           
Cooperation in Securitization.

(a)   
Each Noteholder acknowledges that each Noteholder may elect, in its sole discretion, to include its Note in a Securitization.
In connection with a Securitization of any A Note, each other Noteholder, at the request of the related securitizing Noteholder,
shall use commercially reasonable efforts, at the requesting Noteholder’s expense, to satisfy, and to cooperate with the
requesting Noteholder in attempting to cause the Mortgage Loan Borrower to satisfy, the market standards to which the requesting
Noteholder customarily adheres or which 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 the requesting Noteholder 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, however, that either in connection with such Securitization or otherwise at any time prior
to such Securitization no other Noteholder 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 any payments to be made to, such Noteholder, (ii) increase
such Noteholder’s obligations or decrease such Noteholder’s rights, remedies or protections hereunder or under any
Mortgage Loan Document, or (iii) otherwise materially adversely affect the rights and interests of such Noteholder. In connection
with any such Securitization of an A Note, each other Noteholder agrees to provide, for inclusion in any disclosure document relating
to such Securitization, such customary non-confidential information

    	67 

    	 

    

concerning
such Noteholder as the requesting Noteholder reasonably determines to be necessary to satisfy its disclosure obligations in connection
with such Securitization. Each Noteholder covenants and agrees that if it is not the requesting Noteholder, it shall use commercially
reasonable efforts to cooperate with the requests of each Rating Agency and the requesting Noteholder in connection with the preparation
of any offering documents in connection with the Securitization, and to review and respond reasonably promptly with respect to
any information relating to it in any Securitization document, all at the cost and expense of the requesting Noteholder. Each
Noteholder acknowledges that the information provided by it to the requesting Noteholder pursuant to this Section 40 may
be incorporated into the offering documents for a Securitization. A requesting Note A Holder and each Rating Agency shall be entitled
to rely on the information supplied by each other Noteholder pursuant to this Section 40.

(b)  
Each Note A Holder securitizing its Note may, at its election, deliver to each other Noteholder drafts of the preliminary
and final Securitization offering memoranda, prospectus, preliminary prospectus and any other disclosure documents and (in the
case of the Lead Securitization) the Servicing Agreement simultaneously with distributions of any such documents to the general
working group of the related Securitization. Each other Noteholder may, at its election, review and comment thereon insofar as
it relates to such other Noteholder and/or its Note, and, if such other Noteholder elects to review and comment, such other Noteholder
shall review and comment thereon as soon as possible (but in no event later than (i) in the case of the first draft thereof, two
(2) Business Days after receipt thereof and (ii) in the case of each subsequent draft thereof, the deadline provided to the general
working group of the related Securitization for review and comment), and if such other Noteholder fails to respond within such
time, such other Noteholder shall be deemed to have elected to not comment thereon (but no failure to comment shall constitute
a waiver of such other Noteholder’s rights hereunder or under the Mortgage Loan Documents). In the event of any disagreement
between any such other Noteholder with respect to the preliminary and final offering memoranda, prospectus, free writing prospectus
or any other disclosure documents, the requesting Noteholder’s determination shall control (the parties acknowledging that
no inaccuracy in such documents shall in any respect prejudice any such other Noteholder’s rights hereunder or under the
Mortgage Loan Documents). No such other Noteholder shall have any obligation or liability with respect to any such offering documents
other than the accuracy of any comments it elects to make regarding itself.

(c)   
Notwithstanding anything herein to the contrary, each Note A Holder acknowledges and agrees that (i) no other Noteholder
shall be required to incur any out-of-pocket expenses in connection with such Note A Holder’s respective Securitization
of such Note A Holder’s A Note, and (ii) each such other Noteholder shall only be required to disclose such customary
non-confidential information reasonably determined by the requesting Note A Holder to be necessary to satisfy its disclosure
obligations in connection with such Note A Holder’s respective Securitization.

[SIGNATURE
PAGE FOLLOWS]

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

 

 

	 	INITIAL NOTE A-1 HOLDER
    AND INITIAL AGENT:
	 	 	 	 
	 	 	 	 
	 	DEUTSCHE
BANK AG, NEW YORK BRANCH
	 	 	 	 
	 	By:	/s/ Daniel Penn 
	 	 	Name:   Daniel Penn 
	 	 	Title:    Director
	 	 	 
	 	 	 
	 	By:	/s/ Natalie  Grainger
	 	 	Name:   Natalie Grainger
	 	 	Title:     Director

 

 

 

Agreement Between
Noteholders (Diamondback Pool 1)

 

    	

    	 

    

 

	 	INITIAL NOTE A-2 HOLDER :
	 	 	 	 
	 	 	 	 
	 	DEUTSCHE
BANK AG, NEW YORK BRANCH
	 	 	 	 
	 	By:	/s/ Daniel Penn 
	 	 	Name:   Daniel Penn 
	 	 	Title:    Director
	 	 	 
	 	 	 
	 	By:	/s/ Natalie  Grainger
	 	 	Name:   Natalie Grainger
	 	 	Title:     Director

 

 

 

Agreement Between
Noteholders (Diamondback Pool 1)

 

    	

    	 

    

 

	 	INITIAL
NOTE A-3 HOLDER:
	 	 	 	 
	 	 	 	 
	 	DEUTSCHE
BANK AG, NEW YORK BRANCH
	 	 	 	 
	 	By:	/s/ Daniel Penn 
	 	 	Name:   Daniel Penn 
	 	 	Title:    Director
	 	 	 
	 	 	 
	 	By:	/s/ Natalie  Grainger
	 	 	Name:   Natalie Grainger
	 	 	Title:     Director

 

 

 

Agreement Between
Noteholders (Diamondback Pool 1)

    	

    	 

    

 

	 	INITIAL
NOTE B HOLDER:
	 	 	 	 
	 	 	 	 
	 	DEUTSCHE
BANK AG, NEW YORK BRANCH
	 	 	 	 
	 	By:	/s/ Daniel Penn 
	 	 	Name:   Daniel Penn 
	 	 	Title:    Director
	 	 	 
	 	 	 
	 	By:	/s/ Natalie  Grainger
	 	 	Name:   Natalie Grainger
	 	 	Title:     Director

 

 

 

Agreement Between
Noteholders (Diamondback Pool 1)

 

    	

    	 

    

EXHIBIT
A

MORTGAGE LOAN SCHEDULE

A.       Description
of Mortgage Loan:

 

	Mortgage
    Loan Agreement:	Loan
    Agreement, dated as of May 30, 2019  (as amended, restated, replaced,  supplemented or otherwise modified from time
    to time), between Deutsche Bank AG, New York Branch, as lender, and VEREIT/OW Philadelphia PA, LLC, VEREIT/OW West Columbia
    SC, LLC and VEREIT/OW Menomonee Falls WI, LLC, individually and collectively, as borrower.
	Location
    of Mortgaged Property:	   2760
    Red Lion Road, Philadelphia, PA;

    

       4400 12th Street Ext., West Columbia, SC; and

    

       N96W14849 County Line Rd, Menomonee Falls, WI
	Date
    of the Mortgage Loan:	   May
    30, 2019
	Date
    of Note A-1:	   May
    30, 2019
	Date
    of Note A-2:	   May
    30, 2019
	Date
    of Note A-3:	   May
    30, 2019
	Initial
    Principal Amount of Mortgage Loan:	   $130,250,000
	Stated
    Maturity Date:	   June
    6, 2024

    	A-1

    	 

    

B.       Description
of Note Interests:

	Initial
    Note A-1 Principal Balance:	$40,000,000
	Initial
    Note A-2 Principal Balance:	$20,000,000
	Initial
    Note A-3 Principal Balance:	$10,000,000
	Initial
    Note B Principal Balance:	$60,250,000
	Initial
    Note A Percentage Interest:	53.74280230326296%
	Initial
    Note B Percentage Interest:	46.25719769673704%
	Note
    A Rate:	3.565%
    per annum
	Note
    B Rate:	3.565%
    per annum

 

    	A-2

    	 

    

EXHIBIT
B

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

Deutsche Bank AG, New York
Branch

60 Wall Street, 10th Floor

New York, New York 10005

Attention: Robert W. Pettinato, Jr.

Facsimile No.: (212) 797-4489

E-mail: Robert.Pettinato@db.com

with a copy to:

Deutsche Bank AG, New York
Branch

60 Wall Street, 10th Floor

New York, New York 10005

Attention: General Counsel

Facsimile No. (646) 736-5721

    	B-1

    	 

    

EXHIBIT
C

PERMITTED FUND MANAGERS

		1.	Alliance
                                         Bernstein

		2.	Annaly
                                         Capital Management

		3.	Apollo
                                         Real Estate Advisors

		4.	Archon
                                         Capital, L.P.

		5.	BlackRock,
                                         Inc.

		6.	Clarion
                                         Partners

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

		8.	Dune Real
                                         Estate Partners

		9.	Eightfold
                                         Real Estate Capital, L.P.

		10.	Fortress
                                         Investment Group, LLC

		11.	Garrison
                                         Investment Group

		12.	Goldman,
                                         Sachs & Co.

		13.	H/2 Capital
                                         Partners LLC

		14.	iStar
                                         Financial Inc.

		15.	J.P.
                                         Morgan Investment Management Inc.

		16.	LoanCore
                                         Capital

		17.	Lone
                                         Star Funds

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

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

		20.	Praedium
                                         Group

		21.	Rialto
                                         Capital Management, LLC

		22.	Rialto
                                         Capital Advisors LLC

		23.	Rockpoint
                                         Group

		24.	Rockwood

		25.	RREEF
                                         Funds

		26.	Square
                                         Mile Capital Management

		27.	Starwood
                                         Capital Group/Starwood Financial Trust

		28.	Teachers
                                         Insurance and Annuity Association of America

		29.	The Blackstone
                                         Group

		30.	The Carlyle
                                         Group

		31.	Walton
                                         Street Capital, L.L.C.

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

    	C-1

    	 

    

EXHIBIT
D

PORTFOLIO
INTEREST CERTIFICATION

Reference
is hereby made to the Agreement Between Noteholders, dated as of June 24, 2019 (as amended, supplemented or otherwise modified
from time to time, the “Agreement”), by and between Deutsche Bank AG, New York Branch, and each lender from
time to time a party thereto.

Pursuant
to the provisions of Section 32 (Withholding Taxes) of the Agreement, the undersigned hereby certifies that (i) it is the
sole record and beneficial owner of the promissory note evidencing Note B in respect of which it is providing this certificate,
(ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the
Mortgage Loan Borrower within the meaning of Section 871(h)(3)(B) of the Code and (iv) it is not a controlled foreign corporation
related to the Mortgage Loan Borrower as described in Section 881(c)(3)(C) of the Code.

The
undersigned has furnished the [Agent][Master Servicer] and the Mortgage Loan Borrower with a certificate of its non-U.S. Person
status on IRS Form W-8BEN-E.

Unless
otherwise defined herein, terms defined in the Agreement and used herein shall have the meanings given to them in the Agreement.

[NAME
OF NOTEHOLDER]

By:____________________________________

Name:

Title:

Date: ________
__, 20[ ]

 

 

    	D-1Exhibit 4.15

 

EXECUTION VERSION 

 

AGREEMENT BETWEEN NOTE HOLDERS

Dated as of August 22, 2019

by and between

MORGAN STANLEY BANK, N.A.,

(Initial Note A-1 Holder)

DBR INVESTMENTS CO. LIMITED

(Initial Note A-2 Holder)

and

MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS LLC

(Initial Agent)

105 E 17th Street

 

    	 		 

     

    

 

TABLE OF CONTENTS

Page

	Section 1.	Definitions.	1
	Section 2.	Servicing of the Mortgage Loan.	14
	Section 3.	Priority of Payments.	21
	Section 4.	Workout.	22
	Section 5.	Administration of the Mortgage Loan.	23
	Section 6.	Note Holder Representatives.	27
	Section 7.	Appointment of Special Servicer.	30
	Section 8.	Payment Procedure.	30
	Section 9.	Limitation on Liability of the Note Holders.	32
	Section 10.	Bankruptcy.	32
	Section 11.	Representations of the Note Holders.	33
	Section 12.	No Creation of a Partnership or Exclusive Purchase Right.	33
	Section 13.	Other Business Activities of the Note Holders.	33
	Section 14.	Sale of the Notes.	33
	Section 15.	Registration of the Notes and Each Note Holder.	36
	Section 16.	Governing Law; Waiver of Jury Trial.	37
	Section 17.	Submission To Jurisdiction; Waivers.	37
	Section 18.	Modifications.	38
	Section 19.	Successors and Assigns; Third Party Beneficiaries.	38
	Section 20.	Counterparts.	38
	Section 21.	Captions.	38
	Section 22.	Severability.	38
	Section 23.	Entire Agreement.	39
	Section 24.	Withholding Taxes.	39
	Section 25.	Custody of Mortgage Loan Documents.	40
	Section 26.	Cooperation in Securitization.	40
	Section 27.	Notices.	41
	Section 28.	Broker.	41
	Section 29.	Certain Matters Affecting the Agent.	42
	Section 30.	Reserved.	42
	Section 31.	Resignation of Agent.	42
	Section 32.	Resizing.	43

 

 

    	 	-i-	 

     

    

This AGREEMENT BETWEEN
NOTE HOLDERS (this “Agreement”), dated as of August 22, 2019 by and between MORGAN STANLEY BANK, N.A. (“MSBNA”
and, together with its successors and assigns in interest, in its capacity as initial owner of Note A-1 described below, the
“Initial Note A-1 Holder”), DBR INVESTMENTS CO. LIMITED (“DBRI” and, together with its
successors and assigns in interest, in its capacity as initial owner of Note A-2 described below, the “Initial Note A-2
Holder”; the Initial Note A-1 Holder and the Initial Note A-2 Holder are referred to collectively herein as
the “Initial Note Holders”) and MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS LLC (“MSMCH” and,
in its capacity as initial agent, the “Initial Agent”).

W I T N E S S E T H:

WHEREAS, pursuant
to the Mortgage Loan Agreement (as defined herein), MSBNA originated a certain loan (the “Mortgage Loan”) described
on the schedule attached hereto as Exhibit A (the “Mortgage Loan Schedule”) to the mortgage loan borrower described
on the Mortgage Loan Schedule (the “Mortgage Loan Borrower”), which is evidenced, inter alia, by (i) a
promissory note in the original principal amount of $60,500,000 (as amended, modified, consolidated, or supplemented, “Note A-1”)
and (ii) a promissory note in the original principal amount of $49,500,000 (as amended, modified, consolidated, or supplemented,
“Note A-2” and, together with Note A-1, the “Notes”);

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

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

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

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

“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 on and after the
Note A-2 Securitization Date shall mean the Master Servicer.

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

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

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

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

“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.

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

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

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

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

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

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

 

    	 	-2-	 

     

    

“Commission”
shall mean the Securities and Exchange Commission.

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

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

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

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

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

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

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

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

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

 

    	 	-3-	 

     

    

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

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

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

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

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

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

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

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

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

 

    	 	-4-	 

     

    

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

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

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

“Lead Securitization
Note” shall mean any Note included in the Lead Securitization.

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

“Lead Securitization
Servicing Agreement” shall mean (a) during the period from and after the Note A-2 Securitization Date and prior to the
Note A-1 Securitization Date, the Note A-2 PSA; and (b) on and after the Note A-1 Securitization Date, the Note A-1 PSA; provided,
that during any period that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement,
the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section
2(a).

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

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

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

“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.

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

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

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

“Mortgage
Loan Agreement” shall mean the Loan Agreement, dated as of August 22, 2019, between MSBNA and DBRI, as lenders,
and the Mortgage Loan Borrower, as

 

    	 	-5-	 

     

    

the same may be further
amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

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

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

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

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

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

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

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

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

“Non-Controlling
Note Holder” means any holder of a Non-Controlling Note; provided that at any time such holder’s respective
Note is included in a Securitization, references to such “Non-Controlling Note Holder” herein shall mean the “Directing
Certificateholder” or any other party assigned the rights to exercise the rights of such “Non-Controlling Note Holder”
hereunder, as and to the extent provided in the related Securitization Servicing Agreement and as to the identity of which the
Lead Securitization Note Holder (and the Master Servicer and the Special Servicer) has been given written notice; provided
that for so long as 50% or more of any Non-Controlling Note is held by (or the majority “controlling class” holder
or other party assigned the rights to exercise the rights of such “Non-Controlling Note Holder” (as described above)
is) the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, such Non-Controlling Note (and the majority “controlling
class” holder or other party assigned the rights to exercise the rights of such “Non-Controlling Note Holder”
as described above) shall not be entitled to exercise any rights of such Non-Controlling Note Holder, and there shall be deemed
to be no Non-Controlling Note Holder hereunder with respect to such Non-Controlling Note. The Lead Securitization Note Holder (or
the Master Servicer or the Special Servicer acting on its behalf) shall not be required at any time to deal with more than one
party in respect of any Note that is exercising the rights of a “Non-Controlling Note Holder” herein or under the Lead
Securitization Servicing Agreement and (x) to the extent that the related Securitization Servicing Agreement assigns such rights
to more than one party or (y) to the extent any Note is split into two or more New Notes pursuant to Section 32, for purposes
of this Agreement, the

 

    	 	-6-	 

     

    

applicable Securitization
Servicing Agreement or the holders of such New Notes shall designate one party to deal with the Lead Securitization Note Holder
(or the Master Servicer or the Special Servicer acting on its behalf) and provide written notice of such designation to the Lead
Securitization Note Holder (and the Master Servicer and the Special Servicer acting on its behalf); provided that, in the
absence of such designation and notice, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting
on its behalf) shall be entitled to treat the last party as to which it has received written notice as having been designated as
a Non-Controlling Note Holder, as a Non-Controlling Note Holder under this Agreement. If a Non-Controlling Note is included in
a Securitization, the related Securitization Servicing Agreement may contain additional limitations on the rights of the designated
party entitled to exercise the rights of the “Non-Controlling Note Holder” hereunder if such designated party is the
Mortgage Loan Borrower or if it has certain relationships with the Mortgage Loan Borrower.

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

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

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

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

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

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

“Non-Lead
Securitization Note” shall mean any Note (other than a Lead Securitization Note), including any New Note designated as
a “Non-Lead Securitization Note” hereunder pursuant to Section 32.

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

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

 

    	 	-7-	 

     

    

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

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

“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 applicable special servicer with respect to the Mortgage Loan under the Note A-1 PSA.

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

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

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

“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.

 

    	 	-8-	 

     

    

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

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

“Note Holder”
shall mean the holder of a Note.

“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 and shall include any New Notes created pursuant to Section 32.

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

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

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

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

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

“Principal
Balance” shall mean, at any time of determination, (i) with respect to any Note, the initial principal balance thereof
as set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the related Note Holder or reductions
in such amount pursuant to Section 3 or Section 4, as applicable, and (ii) with respect to the Mortgage Loan, the
sum of the Principal Balances of the Notes.

“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.

 

    	 	-9-	 

     

    

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

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

(b)     one
or more of the following:

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

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

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

(iv)     an
investment fund, limited liability company, limited partnership or general partnership having capital and/or capital commitments
of at least $250,000,000, in which (A) any Initial Note Holder, (B) a person that is otherwise a Qualified Institutional Lender
under clause (i), (ii) or (v) (with respect to an

 

    	 	-10-	 

     

    

institution substantially
similar to the entities referred to in clause (i) or (ii) above), or (C) a Permitted Fund Manager, acts as a general
partner, managing member, or the fund manager responsible for the day-to-day management and operation of such investment vehicle
and provided that at least 50% of the equity interests in such investment vehicle are owned, directly or indirectly, by
one or more entities that are otherwise Qualified Institutional Lenders (without regard to the capital surplus/equity and total
asset requirements set forth below in the definition), or

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

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

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

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

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

 

    	 	-11-	 

     

    

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

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

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

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

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

“Required
Special Servicer Rating” shall mean with respect to a special servicer (i) in the case of Fitch, a rating of “CSS3”,
(ii) in the case of S&P, such special servicer is on S&P’s Select Servicer List as a U.S. Commercial Mortgage
Special Servicer, (iii) in the case of Moody’s, such special servicer is acting as special servicer for one or more
loans included in a commercial mortgage loan securitization that was rated by Moody’s within the twelve (12) month period
prior to the date of determination, and Moody’s has not downgraded or withdrawn

 

    	 	-12-	 

     

    

the then-current rating
on any class of commercial mortgage securities or placed any class of commercial mortgage securities on watch citing the continuation
of such special servicer as special servicer of such commercial mortgage loans, (iv) in the case of Morningstar, such special servicer
has a ranking by Morningstar equal to or higher than “MOR CS3” as a special servicer, provided that if Morningstar
has not issued a ranking with respect to such special servicer, such special servicer is acting as special servicer in a commercial
mortgage loan securitization that was rated by a Rating Agency within the twelve (12) month period prior to the date of determination,
and Morningstar has not downgraded or withdrawn the then-current rating on any class of commercial mortgage securities or placed
any class of commercial mortgage securities on watch citing the continuation of such special servicer as special servicer of such
commercial mortgage securities, (v) in the case of KBRA, KBRA has not cited servicing concerns of such special servicer as the
sole or material factor in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status”
in contemplation of a ratings downgrade or withdrawal) of securities in a transaction serviced by such special servicer prior to
the time of determination, and (vi) in the case of DBRS, such special servicer is acting as special servicer in a commercial mortgage
loan securitization that was rated by DBRS within the twelve (12) month period prior to the date of determination and DBRS has
not downgraded or withdrawn the then-current rating on any class of commercial mortgage securities or placed any class of commercial
mortgage securities on watch citing the continuation of such special servicer as special servicer of such commercial mortgage securities
as a material reason for such downgrade or withdrawal (or placement on watch status).

“S&P”
shall mean S&P Global Ratings, 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 sale by a Note Holder of all or a portion of its Note to a depositor who will in turn include such Note (or portion
thereof) as part of the securitization of one or more mortgage loans.

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

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

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

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

 

    	 	-13-	 

     

    

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

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

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

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

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

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

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

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

Section 2.     Servicing
of the Mortgage Loan.

(a)     Each
Note Holder acknowledges and agrees that, subject in each case to this Agreement, the Mortgage Loan shall be serviced (i) from
and after the Note A-2 Securitization Date, but prior to the Note A-1 Securitization Date, by the Note A-2 Master Servicer and
the Note A-2 Special Servicer pursuant to the terms of this Agreement and the Note A-2 PSA; and (ii) from and after the Note A-1
Securitization Date, by the Note A-1 Master Servicer and the Note A-1 Special Servicer pursuant to the terms of this Agreement
and the Note A-1 PSA; 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(s) 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

 

    	 	-14-	 

     

    

related to the maintenance
of the Mortgaged Property and maintenance and enforcement of the lien of the Mortgage thereon, subject to the terms of the Lead
Securitization Servicing Agreement; provided, further, that, when appointed, the Special Servicer has the required
Special Servicer Rating from each Rating Agency then rating a Securitization. Each Note Holder acknowledges that any other Note
Holder may elect, in its sole discretion, to include its Note in a Securitization and agrees that it will, subject to Section 26,
reasonably cooperate with such other Note Holder, at such other Note Holder’s expense, to effect such Securitization. Subject
to the terms and conditions of this Agreement, each Note Holder hereby irrevocably and unconditionally consents to the appointment
of the Master Servicer and the Trustee under the Lead Securitization Servicing Agreement by the Depositor and the appointment of
the Special Servicer by the Controlling Note Holder and agrees to reasonably cooperate with the Master Servicer and the Special
Servicer with respect to the servicing of the Mortgage Loan in accordance with the Lead Securitization Servicing Agreement. Each
Note Holder hereby appoints the Master Servicer, the Special Servicer and the Trustee in the Lead Securitization as such Note Holder’s
attorney-in-fact to sign any documents reasonably required with respect to the administration and servicing of the Mortgage Loan
on its behalf under the Lead Securitization Servicing Agreement (subject at all times to the rights of such Note Holder set forth
herein and in the Lead Securitization Servicing Agreement). The Lead Securitization Servicing Agreement shall not limit the Servicer
in enforcing the rights of one Note Holder against any other Note Holder as may be required in order to service the Mortgage Loan
as contemplated by this Agreement and the Lead Securitization Servicing Agreement; provided, that it is also understood
and agreed that nothing in this sentence shall be construed to otherwise limit the rights of one Note Holder with respect to any
other Note Holder. Each Servicer shall be required pursuant to the Lead Securitization Servicing Agreement (i) to service the Mortgage
Loan in accordance with the Servicing Standard, the terms of the Mortgage Loan Documents, the Lead Securitization Servicing Agreement
and applicable law, (ii) to provide information to each servicer under each Non-Lead Securitization Servicing Agreement necessary
to enable each such servicer to perform its servicing duties under such Non-Lead Securitization Servicing Agreement, and (iii)
to not take any action or refrain from taking any action or follow any direction inconsistent with the foregoing.

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

 

    	 	-15-	 

     

    

Loan, by the applicable
Servicer in the Lead Securitization being replaced or by any Person appointed by the Lead Securitization Note Holder that is a
qualified servicer meeting the requirements of the Lead Securitization Servicing Agreement (and, in the case of an appointed special
servicer, that has the Required Special Servicer Rating from each Rating Agency then rating securities of a Non-Lead Securitization).
The Note Holders acknowledge that at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization
Servicing Agreement, the Master Servicer shall have no further obligation to make P&I Advances with respect to the Mortgage
Loan.

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

In addition,
any Non-Lead Securitization Note Holder (including, but not limited to, any Securitization Trust into which such Non-Lead Securitization
Note is deposited) shall be required to, promptly following notice from the Master Servicer or the Special Servicer, pay or reimburse
the Lead Securitization for such Non-Lead Securitization Note Holder’s pro rata share of any fees, costs or expenses
incurred in connection with the servicing and administration of the Mortgage Loan as to which the Master Servicer, the Special
Servicer, the Certificate Administrator, the Trustee, the Operating Advisor, the Depositor or CREFC®, as applicable,
is entitled to be reimbursed pursuant to the Lead Securitization Servicing Agreement, to the extent amounts on deposit in the related
Companion Distribution Account and, to the extent of funds related to the Mortgage Loan, the Collection Account, are insufficient
for reimbursement of such amounts. Each Non-Lead Securitization Note Holder

 

    	 	-16-	 

     

    

agrees to indemnify
(as and to the same extent the Lead Securitization Trust is required to indemnify each of the following parties in respect of other
mortgage loans in the Lead Securitization Trust pursuant to the terms of the Lead Securitization Servicing Agreement) each of the
Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee and the Operating Advisor (and
any director, officer, employee or agent of any of the foregoing, to the extent such parties are identified as indemnified parties
in the Lead Securitization Servicing Agreement in respect of other mortgage loans) (the “Indemnified Parties”)
against any claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any other costs, liabilities,
fees and expenses incurred in connection with servicing and administration of the Mortgage Loan (or, with respect to the Operating
Advisor, incurred in connection with the provision of services for the Mortgage Loan) under the Lead Securitization Servicing Agreement
(collectively, the “Indemnified Items”) to the extent of its pro rata share of such Indemnified Items,
and to the extent amounts on deposit in the related Companion Distribution Account and, to the extent of funds related to the Mortgage
Loan, the Collection Account, are insufficient for reimbursement of such amounts, each Non-Lead Securitization Note Holder shall
be required to, promptly following notice from the Master Servicer, the Special Servicer or the Trustee, reimburse each of the
applicable Indemnified Parties for its pro rata share of the insufficiency.

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

 

    	 	-17-	 

     

    

Servicer and the
related Non-Lead Trustee, as the case may be, of such other Securitization within two Business Days of making such determination.
Each of the Master Servicer and the Trustee, any Non-Lead Master Servicer and any Non-Lead Trustee, as applicable, shall only be
entitled to reimbursement for a P&I Advance that becomes non-recoverable first from the related Companion Distribution
Account from amounts allocable to the Note for which such P&I Advance was made, and then, if such funds are insufficient,
(i) in the case of the Lead Securitization Note(s), 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 interest thereon at the Reimbursement Rate) and any additional trust fund expenses under the Lead Securitization
Servicing Agreement, but only to the extent that they relate to servicing and administration of the Notes, including without limitation,
any unpaid Special Servicing Fees, Liquidation Fees and Workout Fees relating to the Notes, and that if the funds received with
respect to each respective Note are insufficient to cover such Servicing Advances or additional trust fund expenses, (x) the related
Non-Lead Master Servicer will be required to, promptly following notice from the Master Servicer or the Special Servicer, pay or
reimburse the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee or the Operating Advisor, as applicable,
out of general collections in the collection account (or equivalent account) established under such Non-Lead Securitization Servicing
Agreement for such Non-Lead Securitization Note Holder’s pro rata share of any such Servicing Advances that are Nonrecoverable
Advances (and interest thereon at the Reimbursement Rate) and/or additional trust fund expenses under the Lead Securitization Servicing
Agreement relating to the Mortgage Loan, and (y) if the Lead Securitization Servicing Agreement permits the Master Servicer, the
Special Servicer, the Certificate Administrator, the Trustee or the Operating Advisor to reimburse itself from the Lead Securitization
Trust’s general collections, then the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee or
the Operating Advisor, as applicable, may do so and the related Non-Lead Master Servicer will be required to, promptly following
notice from the Master Servicer or the Special Servicer, pay or reimburse the Lead Securitization Trust out of general collections
in the collection account (or equivalent account) established under such Non-Lead Securitization Servicing Agreement for such Non-Lead
Securitization Note Holder’s pro rata share of any such Servicing Advances that are Nonrecoverable Advances (and interest
thereon at the Reimbursement Rate) and/or additional trust fund expenses under the Lead Securitization Servicing Agreement relating
to the Mortgage Loan;

(ii)     each
of the Indemnified Parties shall be indemnified (as and to the same extent the Lead Securitization Trust is required to indemnify
each of such Indemnified Parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the

 

    	 	-18-	 

     

    

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

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

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

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

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

 

    	 	-19-	 

     

    

required to be delivered
to a Note Holder pursuant to this Agreement or the Lead Securitization Servicing Agreement by the Lead Securitization Note Holder
(or the Master Servicer or the Special Servicer acting on its behalf) shall be delivered to the master servicer and the special
servicer with respect to such Securitization (who then may forward such items to the party entitled to receive such items as and
to the extent provided in the related Securitization Servicing Agreement) and, when so delivered to such master servicer and the
special servicer, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall
be deemed to have satisfied its delivery obligations with respect to such items hereunder or under the Lead Securitization Servicing
Agreement.

(f)     In
addition to the foregoing, each Securitization Servicing Agreement shall contain terms and conditions that are customary for securitization
transactions involving assets similar to the Mortgage Loan and that are otherwise (i) required by the Code relating to 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.  Without limiting the generality of any provision set forth above, for purposes
of the Mortgage Loan, each Securitization Servicing Agreement (other than the Note A-2 PSA) shall contain (a) provisions requiring
the related master servicer and the related special servicer to maintain, or subjecting them to possible termination for not maintaining,
compliance with customary servicer rating criteria (but the rating agencies need not be the same) and (b) provisions substantially
similar in all material respects to or materially consistent with those set forth in the Note A-2 PSA with respect to (i) periodic
reporting and periodic delivery of service provider compliance documents under Regulation AB (and, in any event, each such Securitization
Servicing Agreement shall require such reporting and delivery so long as the Lead Securitization Trust is required to file periodic
reports under the Securities Exchange Act of 1934, as amended), (ii) servicing transfer events that would result in the transfer
of the Mortgage Loan to special servicing status, (iii) the authority of the Controlling Note Holder (or the Master Servicer or
Special Servicer on its behalf) to grant or agree or consent to material modifications, waivers and amendments to the Mortgage
Loan, or to approve material assignments and assumptions or material additional indebtedness in connection with the Mortgage Loan,
(iv) the potential termination of the related master servicer and special servicer following a servicer termination event, (v)
requirements to obtain an appraisal or appraisal update following a transfer of the Mortgage Loan to special servicing status and
periodic updates thereof, (vi) duties of the special servicer in respect of foreclosure and the management of REO property, (vii)
payments on serviced companion loans (provided, that the Master Servicer under the Lead Securitization Servicing Agreement shall
remit amounts payable on any serviced companion loan on or before the business day following the determination date under the Non-Lead
Securitization Servicing Agreement governing the securitization of such serviced companion loan (if any)), (viii) primary servicing,
special servicing, workout and liquidation fees (and, in any event, the fees at which such compensation accrue or are determined
shall not exceed 0.00250%, 0.25%, 1.00% and 1.00%, respectively (without regard to any monthly fee floor)) and (ix) providing for
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

 

    	 	-20-	 

     

    

Agreement in respect
of other mortgage loans) against any claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and
any other costs, liabilities, fees and expenses incurred in connection with servicing and administration of the Mortgage Loan (or,
with respect to the related operating advisor, incurred in connection with the provision of services for the Mortgage Loan) to
the same extent that the Indemnified Parties are indemnified under the Lead Securitization Servicing Agreement against the Indemnified
Items; provided, that (A) this statement shall not be construed to prohibit differences in timing, control or consultation
triggers or thresholds, terminology, allocation of ministerial duties between multiple servicers or other service providers or
certificateholder or investor voting or consent thresholds, or to prohibit or restrict additional approval, consent, consultation,
notice or rating agency confirmation requirements; and (B) if there is any conflict between this sentence and any other provision
of this Agreement, such other provision of this Agreement shall control. To the extent of any conflict between this Agreement and
the Lead Securitization Servicing Agreement, the terms of this Agreement shall control.

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

Section 3.     Priority
of Payments. Each Note shall be of equal priority, and no portion of any Note shall have priority or preference over any portion
of any other Note or security therefor. All amounts tendered by the Mortgage Loan Borrower or otherwise available for payment on
or with respect to or in connection with the Mortgage Loan or the Mortgaged Property or amounts realized as proceeds thereof, whether
received in the form of Scheduled Payments, the Balloon Payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit
or other collateral or instrument securing the Mortgage Loan, Condemnation Proceeds, or Insurance Proceeds (other than proceeds,
awards or settlements to be applied to the restoration or repair of the Mortgaged Property or released to the Mortgage Loan Borrower
in accordance with the terms of the Mortgage Loan Documents), shall be applied by the Lead Securitization Note Holder (or its designee)
to the Notes on a Pro Rata and Pari Passu Basis; provided, that (x) all amounts for required reserves or escrows
required by the Mortgage Loan Documents to be held as reserves or escrows or received as reimbursements on account of recoveries
in respect of property protection expenses or Servicing Advances then due and payable or reimbursable to the Trustee or any Servicer
under the Lead Securitization Servicing Agreement shall be applied to the extent set forth in, and in accordance with the terms
of, the Mortgage Loan Documents; and (y) all amounts that are then due, payable or reimbursable to any Servicer with respect
to the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement and any other additional compensation payable to it
thereunder (including without limitation, any additional trust fund expenses under the Lead Securitization Servicing Agreement
relating to the Mortgage Loan (but subject to the second paragraph of Section 5(d) hereof) reimbursable to, or payable by,
such parties and any Special Servicing Fees, Liquidation Fees, Workout Fees, Penalty Charges (to the extent provided in the immediately
following paragraph), but excluding (i) any P&I Advances (and interest thereon) on the Lead Securitization Note(s), 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

 

    	 	-21-	 

     

    

fees calculated at
the “primary servicing fee rate” applicable to the Mortgage Loan as set forth in the Lead Securitization Servicing
Agreement, which such excess shall not be subject to the allocation provisions of this Section 3) shall be payable in accordance
with the Lead Securitization Servicing Agreement.

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

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

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

 

    	 	-22-	 

     

    

Section 5.     Administration
of the Mortgage Loan.

(a)     Subject
to this Agreement (including but not limited to Section 5(c)) and the Lead Securitization Servicing Agreement and subject
to the rights and consents, where required, of the Controlling Note Holder Representative, the Lead Securitization Note Holder
(or the Master Servicer, the Special Servicer or the Trustee acting on its behalf) shall have the sole and exclusive authority
with respect to the administration of, and exercise of rights and remedies with respect to, the Mortgage Loan, including, without
limitation, the sole authority to modify or waive any of the terms of the Mortgage Loan Documents or consent to any action or failure
to act by the Mortgage Loan Borrower or any other party to the Mortgage Loan Documents, call or waive any Event of Default, accelerate
the Mortgage Loan or institute any foreclosure action or other remedy, and no Non-Lead Securitization Note Holder shall have any
voting, consent or other rights whatsoever except as explicitly set forth herein with respect to the Lead Securitization Note Holder’s
administration of, or exercise of its rights and remedies 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 Note Holder (other
than the Note A-2 Holder) hereby presently and irrevocably assigns and conveys to the Note A-2 Holder (or the Master Servicer,
the Special Servicer or the Trustee acting on behalf of the Note A-2 Holder) the rights, if any, that such Note Holder has from
and after the Note A-2 Securitization Date and prior to the Note A-1 Securitization Date to, and each Note Holder (other than the
Note A-1 Holder) hereby presently and irrevocably assigns and conveys to the Note A-1 Holder (or the Master Servicer, the Special
Servicer or the Trustee acting on behalf of the Note A-1 Holder) the rights, if any, that such Note Holder has from and after the
Note A-1 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 Securitization Note Holder to file, any bankruptcy petition against the Mortgage
Loan Borrower. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf)
shall not have any fiduciary duty to any Non-Lead Securitization Note Holder in connection with the administration of the Mortgage
Loan (but the foregoing shall not relieve the Lead Securitization Note Holder from the obligation to make any disbursement of funds
as set forth herein or its obligation to follow the Servicing Standard (in the case of the Master Servicer or the Special Servicer)
or any liability for failure to do so).

Each Note Holder
hereby acknowledges the right and obligation of the Lead Securitization Note Holder (or the Special Servicer acting on behalf of
the Lead Securitization Note Holder), upon the Mortgage Loan becoming a Defaulted Loan, to sell the Notes together as notes evidencing
one whole loan in accordance with the terms of the Lead Securitization Servicing Agreement. In connection with any such sale, the
Special Servicer shall sell the Notes together as notes evidencing one whole loan and shall require that all offers be submitted
to the Trustee in writing. Whether any cash offer constitutes a fair price for the Mortgage Loan shall be determined by the Special
Servicer (unless the offeror is an Interested Person, in which case the Trustee shall make such determination); provided, that
no offer from an Interested Person shall constitute a fair price unless (i) it is the highest offer received and (ii) at least
one bona fide other offer is received from an independent third party. In determining whether any offer received represents a fair
price for the Mortgage Loan, the Trustee or the Special Servicer,

 

    	 	-23-	 

     

    

as applicable,
shall be supplied with and shall rely on the most recent Appraisal or updated Appraisal conducted in accordance with the Lead Securitization
Servicing Agreement within the preceding nine (9)-month period or, in the absence of any such Appraisal, on a new Appraisal. The
Trustee shall select the appraiser conducting any such new Appraisal. In determining whether any such offer constitutes a fair
price for the Mortgage Loan, the Trustee or the Special Servicer, as applicable, shall instruct the appraiser to take into account
(in addition to the results of any Appraisal or updated Appraisal that it may have obtained pursuant to the Lead Securitization
Servicing Agreement), as applicable, among other factors, the period and amount of any delinquency on the affected Mortgage Loan,
the occupancy level and physical condition of the Mortgaged Property and the state of the local economy. The Trustee may conclusively
rely on the opinion of an Independent appraiser or other Independent expert in real estate matters retained by the Trustee at the
expense of the Holders in connection with making such determination. Notwithstanding the foregoing, the Lead Securitization Note
Holder (or the Special Servicer acting on its behalf) shall not be permitted to sell the Mortgage Loan without the written consent
of each Non-Lead Securitization Note Holder (provided that such consent is not required with respect to any Non-Lead Securitization
Note that is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower) unless the Special Servicer has
delivered to each Non-Lead Securitization Note Holder : (a) at least 15 Business Days prior written notice of any decision to attempt
to sell the Mortgage Loan; (b) at least 10 days prior to the proposed sale date, a copy of each bid package (together with any
amendments to such bid packages) received by the Special Servicer in connection with any such proposed sale; (c) at least 10 days
prior to the proposed sale date, a copy of the most recent Appraisal for the Mortgage Loan, and any documents in the Servicing
File requested by such Non-Lead Securitization Note Holder; and (d) until the sale is completed, and a reasonable period of time
(but no less time than is afforded to other offerors and the Lead Securitization Directing Certificateholder) prior to the proposed
sale date, all information and other documents being provided to other offerors and all leases or other documents that are approved
by the Master Servicer or the Special Servicer in connection with the proposed sale. Subject to the foregoing, each Note Holder
or its Note Holder Representative shall be permitted to submit an offer at any sale of the Mortgage Loan.

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

The authority
of the Lead Securitization Note Holder to sell any Non-Lead Securitization Note, and the obligations of any other Note Holder to
execute and deliver instruments or deliver the related Note upon request of the Lead Securitization Note Holder,

 

    	 	-24-	 

     

    

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

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

(c)     Notwithstanding
the foregoing, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall
(i) provide copies of any notice, information and report that it is required to provide to the Lead Securitization Directing Certificateholder
pursuant to the Lead Securitization Servicing Agreement with respect to any Major Decisions or the implementation of any recommended
actions outlined in an Asset Status Report relating to the Mortgage Loan, to each Non-Lead Securitization Note Holder (or its Note
Holder Representative), within the same time frame it is required to provide to the Lead Securitization Directing Certificateholder
(for this purpose, without regard to whether such items are actually required to be provided to the Lead Securitization Directing
Certificateholder under the Lead Securitization Servicing Agreement due to the occurrence of a Control Termination Event or a Consultation
Termination Event) and (ii) use reasonable efforts to consult each Non-Controlling Note Holder (or its Non-Controlling Note Holder
Representative)

 

    	 	-25-	 

     

    

on a strictly non-binding
basis, to the extent having received such notices, information and reports, such Non-Controlling Note Holder (or its Non-Controlling
Note Holder Representative) requests consultation with respect to any such Major Decisions or the implementation of any recommended
actions outlined in an Asset Status Report relating to the Mortgage Loan, and consider alternative actions recommended by such
Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative); provided that after the expiration of a
period of ten (10) Business Days from the delivery to such Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative)
by the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) of written notice
of a proposed action, together with copies of the notice, information and report required to be provided to the Lead Securitization
Directing Certificateholder, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its
behalf) shall no longer be obligated to consult such Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative),
whether or not such Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative) has responded within such ten
(10) Business Day period (unless, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on
its behalf) proposes a new course of action that is materially different from the action previously proposed, in which case such
ten (10) Business Day period shall be deemed to begin anew from the date of such proposal and delivery of all information relating
thereto). Notwithstanding the consultation rights of each Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative)
set forth in the immediately preceding sentence, the Lead Securitization Note Holder (or Master Servicer or Special Servicer, acting
on its behalf) may take any Major Decision or any action set forth in the Asset Status Report before the expiration of the aforementioned
ten (10) Business Day period if the Lead Securitization Note Holder (or Master Servicer or Special Servicer, as applicable) determines
that immediate action with respect thereto is necessary to protect the interests of the Note Holders. In no event shall the Lead
Securitization Note Holder (or Master Servicer or Special Servicer, acting on its behalf) be obligated at any time to follow or
take any alternative actions recommended by a Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative).

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

(d)     If
any Note is included as an asset of a real estate mortgage investment conduit (a “REMIC”), within the meaning
of Section 860D(a) of the Code, then, any provision of this Agreement to the contrary notwithstanding: (i) the Mortgage Loan
shall be administered such that the Notes shall qualify at all times as (or as interests in) a “qualified mortgage”
within the meaning of Section 860G(a)(3) of the Code, (ii) any real property (and related personal property) acquired
by or on behalf of the Note Holders pursuant to a foreclosure, exercise of a power of sale or delivery of a deed in lieu of foreclosure
of the Mortgage or lien on such property following a default on the Mortgage Loan shall be administered so that the interest of
the pro rata share of each Note Holder therein shall at all times qualify as “foreclosure property” within the
meaning of Section 860G(a)(8) of the Code and (iii) no Servicer may

 

    	 	-26-	 

     

    

modify, waive or amend
any provision of the Mortgage Loan, consent to or withhold consent from any action of the Mortgage Loan Borrower, or exercise or
refrain from exercising any powers or rights which the Note Holders may have under the Mortgage Loan Documents, if any such action
would constitute a “significant modification” of the Mortgage Loan, within the meaning of Section 1.860G-2(b)
of the regulations of the United States Department of the Treasury, more than three (3) months after the startup day of the REMIC
which includes the Notes (or any portion thereof). Each Note Holder agrees that the provisions of this paragraph shall be effected
by compliance with any REMIC provisions in the Lead Securitization Servicing Agreement relating to the administration of the Mortgage
Loan.

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

Section 6.     Note
Holder Representatives.

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

 

    	 	-27-	 

     

    

Servicers, Operating
Advisor and Trustee shall be required to recognize any person as a Controlling Note Holder Representative until they receive such
information from the Controlling Note Holder. The Controlling Note Holder agrees to inform each such Servicer or Trustee of the
then-current Controlling Note Holder Representative.

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

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

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

 

    	 	-28-	 

     

    

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

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

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

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

 

    	 	-29-	 

     

    

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

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

Section 8.     Payment
Procedure.

(a)     The
Lead Securitization Note Holder (or the Master Servicer acting on its behalf), in accordance with the priorities set forth in Section 3
and subject to the terms of the

 

    	 	-30-	 

     

    

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

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

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

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

 

    	 	-31-	 

     

    

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

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

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

 

    	 	-32-	 

     

    

Section 11.     Representations
of the Note Holders. Each Note Holder represents and warrants that the execution, delivery and performance of this Agreement
is within its corporate powers, has been duly authorized by all necessary corporate action, and does not contravene such Note Holder’s
charter or any law or contractual restriction binding upon such Note Holder, and that this Agreement is the legal, valid and binding
obligation of such Note Holder enforceable against such Note Holder in accordance with its terms, except as such enforcement may
be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’
rights generally, and by general principles of equity (regardless of whether such enforceability is considered in a proceeding
in equity or at law), and except that the enforcement of rights with respect to indemnification and contribution obligations may
be limited by applicable law. Each Note Holder represents and warrants that it is duly organized, validly existing, in good standing
and in possession of all licenses and authorizations necessary to carry on its business. Each Note Holder represents and warrants
that (a) this Agreement has been duly executed and delivered by such Note Holder, (b) to such Note Holder’s actual
knowledge, all consents, approvals, authorizations, orders or filings of or with any court or governmental agency or body, if any,
required for the execution, delivery and performance of this Agreement by such Note Holder have been obtained or made and (c) to
such Note Holder’s actual knowledge, there is no pending action, suit or proceeding, arbitration or governmental investigation
against such Note Holder, an adverse outcome of which would materially and adversely affect its performance under this Agreement.

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

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

Section 14.     Sale
of the Notes.

(a)     Except
as otherwise provided in Section 14(c) below, each Note Holder agrees that it will not sell, assign, transfer, pledge, syndicate,
hypothecate, contribute, encumber

 

    	 	-33-	 

     

    

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

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

 

    	 	-34-	 

     

    

(c)     Notwithstanding
any other provision hereof, any Note Holder may pledge (a “Pledge”) its Note to any entity (other than the Mortgage
Loan Borrower or any Affiliate thereof) which has extended a credit facility to such Note Holder and that is either a Qualified
Institutional Lender or a financial institution whose long-term unsecured debt is rated at least “A” (or the equivalent)
or better by each applicable Rating Agency (or, if not rated by an applicable Rating Agency, an equivalent (or higher) rating from
any two of Fitch, Moody’s and S&P) (a “Note Pledgee”), on terms and conditions set forth in this Section 14(c),
it being further agreed that a financing provided by a Note Pledgee to a Note Holder or any person which Controls such Note that
is secured by its Note and is structured as a repurchase arrangement, shall qualify as a “Pledge” hereunder, provided
that a Note Pledgee which is not a Qualified Institutional Lender may not take title to the pledged Note without a Rating Agency
Confirmation. Upon written notice by the applicable Note Holder to each other Note Holder and any Servicer that a Pledge has been
effected (including the name and address of the applicable Note Pledgee), each other Note Holder agrees to acknowledge receipt
of such notice and thereafter agrees: (i) to give Note Pledgee written notice of any default by the pledging Note Holder in
respect of its obligations under this Agreement of which default such Note Holder has actual knowledge; (ii) to allow such
Note Pledgee a period of ten (10) days to cure a default by the pledging Note Holder in respect of its obligations to each
other Note Holder hereunder, but such Note Pledgee shall not be obligated to cure any such default; (iii) that no amendment,
modification, waiver or termination of this Agreement shall be effective against such Note Pledgee without the written consent
of such Note Pledgee, which consent shall not be unreasonably withheld, conditioned or delayed; (iv) that such other Note
Holder shall give to such Note Pledgee copies of any notice of default under this Agreement simultaneously with the giving of same
to the pledging Note Holder; (v) that such other Note Holder shall deliver to Note Pledgee such estoppel certificate(s) as
Note Pledgee shall reasonably request, provided that any such certificate(s) shall be in a form reasonably satisfactory to such
other Note Holder; and (vi) that, upon written notice (a “Redirection Notice”) to each other Note Holder
and any Servicer by such Note Pledgee that the pledging Note Holder is in default, beyond any applicable cure periods, under the
pledging Note Holder’s obligations to such Note Pledgee pursuant to the applicable credit agreement between the pledging
Note Holder and such Note Pledgee (which notice need not be joined in or confirmed by the pledging Note Holder), and until such
Redirection Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee shall be entitled to receive any payments that
any Note Holder or Servicer would otherwise be obligated to pay to the pledging Note Holder from time to time pursuant to this
Agreement or the Lead Securitization Servicing Agreement. Any pledging Note Holder hereby unconditionally and absolutely releases
each other Note Holder and any Servicer from any liability to the pledging Note Holder on account of such other Note Holder’s
or Servicer’s compliance with any Redirection Notice believed by any Servicer or such other Note Holder to have been delivered
by a Note Pledgee. Note Pledgee shall be permitted to exercise fully its rights and remedies against the pledging Note Holder to
such Note Pledgee (and accept an assignment in lieu of foreclosure as to such collateral), in accordance with applicable law and
this Agreement. In such event, the Note Holders and any Servicer shall recognize such Note Pledgee (and any transferee other than
the Mortgage Loan Borrower or any Affiliate thereof which is also a Qualified Institutional Lender at any foreclosure or similar
sale held by such Note Pledgee or any transfer in lieu of foreclosure), and its successor and assigns, as the successor to the
pledging Note Holder’s rights, remedies and obligations under this Agreement,

 

    	 	-35-	 

     

    

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

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

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

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

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

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

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

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

 

    	 	-36-	 

     

    

hereunder, each Note
Holder hereby designates such person as its agent under this Section 15 solely for purposes of maintaining the Note
Register.

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

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

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

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

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

 

    	 	-37-	 

     

    

(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 obtaining a Rating Agency Confirmation from each Rating Agency then rating any Certificates of any Securitization; provided
that no such Rating Agency Confirmation shall be required in connection with a modification (i) to cure any ambiguity, to correct
or supplement any provisions herein that may be defective or inconsistent with any other provisions herein or with the Lead Securitization
Servicing Agreement, or (ii) with respect to matters or questions arising under this Agreement, to make provisions of this Agreement
consistent with other provisions of this Agreement (including, without limitation, in connection with the creation of New Notes
pursuant to Section 32).

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

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

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

Section 22.     Severability.
Wherever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable
law, but if any

 

    	 	-38-	 

     

    

provision of this
Agreement shall be prohibited by or invalid under applicable laws, such provision shall be ineffective to the extent of such prohibition
or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement.

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

Section 24.     Withholding
Taxes. (a) If the Lead Securitization Note Holder or the Mortgage Loan Borrower shall be required by law to deduct and withhold
Taxes from interest, fees or other amounts payable to any Non-Lead Securitization Note Holder with respect to the Mortgage Loan
as a result of such Non-Lead Securitization Note Holder constituting a Non-Exempt Person, such Lead Securitization Note Holder,
in its capacity as servicer, shall be entitled to do so with respect to such Non-Lead Securitization Note Holder’s interest
in such payment (all withheld amounts being deemed paid to such Note Holder), provided that the Lead Securitization Note Holder
shall furnish such Non-Lead Securitization Note Holder with a statement setting forth the amount of Taxes withheld, the applicable
rate and other information which may reasonably be requested for purposes of assisting such Note Holder to seek any allowable credits
or deductions for the Taxes so withheld in each jurisdiction in which such Note Holder is subject to tax.

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

(c)     Each
Note Holder (to the extent it is not the same entity as the Lead Securitization Note Holder) represents (for the benefit of the
Mortgage Loan Borrower) that it is not a Non-Exempt Person and that neither the Lead Securitization Note Holder nor the Mortgage
Loan Borrower is obligated under applicable law to withhold Taxes on sums paid to it with respect to the Mortgage Loan or otherwise
pursuant to this Agreement. Contemporaneously with the execution of this Agreement and from time to time as necessary during the
term of this Agreement, each Note Holder (to the extent it is not the same entity as the Lead Securitization Note Holder) shall
deliver to the Lead Securitization Note Holder or

 

    	 	-39-	 

     

    

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.

Section
25.     Custody of Mortgage Loan Documents. Prior to the Note A-2 Securitization Date,
the originals of all of the Mortgage Loan Documents (other than the Notes) will be held by the Initial Agent (or its
designee) on behalf of the registered holders of the Notes. On and after the Note A-2 Securitization Date, the originals
of all of the Mortgage Loan Documents (other than the Non-Lead Securitization Notes at such time) shall be held by a
custodian appointed under the Note A-2 PSA, 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 the Non-Lead
Securitization Notes at such time) shall be 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 26.     Cooperation
in Securitization.

(a)     Each
Note Holder acknowledges that any Note Holder may elect, in its sole discretion, to include its Note in a Securitization. In connection
with a Securitization and subject to the terms of the preceding sentence, at the request of the related Securitizing Note Holder,
each related Non-Securitizing Note Holder shall use reasonable efforts, at such Securitizing Note Holder’s expense, to satisfy,
and to cooperate with such Securitizing Note Holder in attempting to cause the Mortgage Loan Borrower to satisfy, the market standards
to which such Securitizing Note Holder customarily adheres or that may be reasonably required in the marketplace or by the Rating
Agencies in connection with such Securitization, including, entering into (or consenting to, as applicable) any modifications to
this Agreement or the Mortgage Loan Documents and to cooperate with such Securitizing Note Holder in attempting to cause the Mortgage
Loan Borrower to execute such modifications to the Mortgage Loan Documents, in any such case, as may be reasonably requested by
the Rating Agencies to effect such Securitization; provided, that no Non-Securitizing Note Holder shall be required to modify

 

    	 	-40-	 

     

    

or amend this Agreement
or any Mortgage Loan Documents (or consent to such modification, as applicable) in connection therewith, if such modification or
amendment would (i) change the interest allocable to, or the amount of any payments due to or priority of such payments to,
such Non-Securitizing Note Holder or (ii) materially increase such Non-Securitizing Note Holder’s obligations or materially
decrease such Non-Securitizing Note Holder’s rights, remedies or protections. In connection with any Securitization, each
related Non-Securitizing Note Holder shall provide for inclusion in any disclosure document relating to such Securitization such
information concerning such Non-Securitizing Note Holder and its Note as the related Securitizing Note Holder reasonably determines
to be necessary or appropriate, and such Non-Securitizing Note Holder shall, at the Securitizing Note Holder’s expense, cooperate
with the reasonable requests of each Rating Agency and such Securitizing Note Holder in connection with such Securitization (including,
without limitation, reasonably cooperating with the Securitizing Note Holder (without any obligation to make additional representations
and warranties) to enable the Securitizing Note Holder to make all necessary certifications and deliver all necessary opinions
(including customary securities law opinions) in connection with the Mortgage Loan and such Securitization), as well as in connection
with all other matters and the preparation of any offering documents thereof and to review and respond reasonably promptly with
respect to any information relating to such Non-Securitizing Note Holder and its Note in any Securitization document. Each Note
Holder acknowledges that in connection with any Securitization, the information provided by it in its capacity as a Non-Securitizing
Note Holder to the related Securitizing Note Holder may be incorporated into the offering documents for such Securitization. Each
Securitizing Note Holder and each Rating Agency shall be entitled to rely on the information supplied by, or on behalf of, each
Non-Securitizing Note Holder. The Securitizing Note Holder shall reasonably cooperate with each Non-Securitizing Note Holder by
providing all information reasonably requested that is in the Securitizing Note Holder’s possession in connection with such
Non-Securitizing Note Holder’s preparation of disclosure materials in connection with a Securitization.

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

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

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

 

    	 	-41-	 

     

    

Section 29.     Certain
Matters Affecting the Agent.

(a)     The
Agent may request and/or rely upon and shall be protected in acting or refraining from acting upon any officer’s certificate
or assignment and assumption agreement delivered to the Agent pursuant to Section 14 and Section 15;

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

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

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

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

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

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

Section 30.     Reserved.

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

 

    	 	-42-	 

     

    

Section 32.     Resizing.
Notwithstanding any other provision of this Agreement, for so long as any Note Holder or an affiliate thereof (each, an “Original
Entity”) is the owner of any Note that is not included in a Securitization (each, an “Owned Note”),
such Original Entity shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Mortgage Loan Borrower
to execute amended and restated notes or additional notes (in each case, as applicable, “New Notes”) reallocating
the principal of an Owned Note to such New Notes; or severing an Owned Note into one or more further “component” notes
in the aggregate principal amount equal to the then outstanding principal balance of such Owned Note provided that (i) the aggregate
principal balance of all outstanding New Notes following such amendments is no greater than the aggregate principal of such Owned
Note prior to such amendments, (ii) all Notes continue to have the same weighted average interest rate as the Notes prior to such
amendments, (iii) all Notes pay pro rata and on a pari passu basis and such reallocated or component notes shall
be automatically subject to the terms of this Agreement, (iv) the Original Entity holding the New Notes shall notify each other
Note Holder, the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee in writing of such modified
allocations and principal amounts, and (v) the execution of such amendments and New Notes does not violate the Servicing Standard.
Each New Note shall constitute a “Note” hereunder without any further act or deed. If the Lead Securitization Note
Holder so requests, the Original Entity holding the New Notes (and any subsequent holder of such Notes) shall execute a confirmation
of the continuing applicability of this Agreement to the New Notes, as so modified. Except for the foregoing reallocation and for
modifications pursuant to the Lead Securitization Servicing Agreement (as discussed in Section 5), no Note may be modified
or amended without the consent of its holder and the consent of the holder of each other Note. In connection with the foregoing
(provided the conditions set forth in clauses (i) through (v) above are satisfied, with respect to clauses (i) through (iv), as
certified by the Original Entity, on which certification the Master Servicer can rely), the Master Servicer is hereby authorized
and directed to execute amendments to the Mortgage Loan Documents and this Agreement on behalf of any or all of the Note Holders,
as applicable, solely for the purpose of reflecting such reallocation of principal. If more than one New Note is created hereunder,
for purposes of exercising the rights of a Controlling Note Holder, Non-Controlling Note Holder, Lead Securitization Note Holder
or Non-Lead Securitization Note Holder hereunder associated with the Owned Note, the “Controlling Note Holder,” “Non-Controlling
Note Holder”, “Lead Securitization Note Holder” or “Non-Lead Securitization Note Holder,” as applicable,
shall be as provided in the definitions of such terms in this Agreement or as otherwise designated in writing by the Original Entity
to the other Note Holders; 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; provided, further, that the Lead Securitization
Note Holder shall be entitled to designate any New Note created from the existing Lead Securitization Note to be a Non-Lead Securitization
Note hereunder.

[SIGNATURE PAGE FOLLOWS] 

    	 	-43-	 

     

    

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

	 	MORGAN STANLEY BANK, N.A., as Initial Note A-1 Holder
	 	 
	 	 
	 	By:	/s/ Cynthia Eckes
	 	 	Name: Cynthia Eckes
	 	 	Title: Executive Director

 

105 E 17th Street – Agreement Between
Note Holders

    	 		 

     

    

 

	 	DBR Investments Co. Limited, a Cayman Islands corporation,

                                                       as Initial Note A-2 Holder

	 	 
	 	 
	 	By:	/s/ David Bush
	 	 	Name: David Bush
	 	 	Title: Director
	 	 	 
	 	By:	/s/ Peter Castro
	 	 	Name: Peter Castro
	 	 	Title: Director

 

 

105 E 17th Street – Agreement Between
Note Holders

    	 		 

     

    

 

	 	MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS LLC, as Initial Agent
	 	 
	 	 
	 	By:	/s/ Jane Lam
	 	 	Name:  Jane Lam
	 	 	Title: Vice President
	 	 	 

 

105 E 17th
Street – Agreement Between Note Holders

    	 		 

     

    

EXHIBIT A

MORTGAGE LOAN SCHEDULE

Description of Mortgage Loan

	Mortgage Loan Borrower:	105 East 17th Street Associates, L.L.C.
	Date of Mortgage Loan: 	August 22, 2019
	Date of Notes: 	August 22, 2019
	Original Principal Amount of Mortgage Loan:	$110,000,000
	Principal Amount of Mortgage Loan as of the date hereof:	$110,000,000
	Note A-1 Principal Balance:	$60,500,000
	Note A-2 Principal Balance:	$49,500,000
	Location(s) of Mortgaged Property:	New York, NY
	Initial Maturity Date:	September 5, 2029

    	 	A-1	 

     

    

EXHIBIT B

1.       Initial
Note A-1 Holder:

Morgan Stanley Bank, N.A.

1585 Broadway

New York, New York 10036

Attention: Jane Lam

with a copy to:

Morgan Stanley Bank, N.A.

1633 Broadway, 29th Floor

New York, New York 10019

Attention: Legal Compliance Division

and a copy by email to:

 

cmbs_notices@morganstanley.com

2.       Initial
Note A-2 Holder: 

DBR Investments Co. Limited

60 Wall Street

New York, New York 10005

Attention: Lainie Kaye

Email: cmbsinfo@list.db.com

with a copy to:

DBR Investments Co. Limited

60 Wall Street

New York, New York 10005

Attention: General Counsel

    	 	B-1	 

     

    

3.       Initial
Agent:

Morgan Stanley Mortgage Capital Holdings LLC

1585 Broadway

New York, New York 10036

Attention: Jane Lam

with a copy to:

Morgan Stanley Mortgage Capital Holdings LLC

1633 Broadway, 29th Floor

New York, New York 10019

Attention: Legal Compliance Division

and a copy by e-mail to:

 

cmbs_notices@morganstanley.com

 

    	 	B-2	 

     

    

EXHIBIT
C

PERMITTED FUND MANAGERS

		1.	Westbrook
                                         Partners

		2.	DLJ
                                         Real Estate Capital Partners

		3.	iStar
                                         Financial Inc.

		4.	Capital
                                         Trust, Inc.

		5.	Lend-Lease
                                         Real Estate Investments

		6.	Archon
                                         Capital, L.P.

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

		8.	The
                                         Blackstone Group International Ltd.

		9.	Apollo
                                         Real Estate Advisors

		10.	Colony
                                         Capital, LLC

		11.	Praedium
                                         Group

		12.	JER
                                         Partners

		13.	Fortress
                                         Investment Group LLC

		14.	Lone
                                         Star Funds

		15.	Clarion
                                         Partners

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

		17.	Starwood
                                         Property Trust, Inc.

		18.	BlackRock,
                                         Inc.

		19.	Rialto
                                         Capital Management, LLC

		20.	Rialto
                                         Capital Advisors, LLC

		21.	Raith
                                         Capital Partners, LLC

		22.	Eightfold
                                         Real Estate Capital, L.P.

 

    	 	C-1

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