Document:

Exhibit 4.6

 

EXECUTION VERSION

 

AGREEMENT BETWEEN NOTE HOLDERS

 

Dated as of March 29, 2019

 

by and between

 

BANK OF AMERICA, N.A.

(Initial Note A-1 Holder)

 

and

 

BANK OF AMERICA, N.A.

(Initial Note A-2 Holder)

 

Ford Factory

 

     

     

    

 

TABLE OF CONTENTS

 

	 	 	Page
	 	 	 
	Section 1.	Definitions	2
	Section 2.	Servicing of the Mortgage Loan	15
	Section 3.	Priority of Payments	22
	Section 4.	Workout	23
	Section 5.	Administration of the Mortgage Loan	24
	Section 6.	Rights of the Controlling Note Holder	28
	Section 7.	Appointment of Special Servicer	30
	Section 8.	Payment Procedure	31
	Section 9.	Limitation on Liability of the Note Holders	32
	Section 10.	Bankruptcy	33
	Section 11.	Representations of the Note Holders	33
	Section 12.	No Creation of a Partnership or Exclusive Purchase Right	34
	Section 13.	Other Business Activities of the Note Holders	34
	Section 14.	Sale of the Notes	34
	Section 15.	Registration of the Notes and Each Note Holder	37
	Section 16.	Governing Law; Waiver of Jury Trial	38
	Section 17.	Submission To Jurisdiction; Waivers	38
	Section 18.	Modifications	39
	Section 19.	Successors and Assigns; Third Party Beneficiaries	39
	Section 20.	Counterparts	39
	Section 21.	Captions	39
	Section 22.	Severability	39
	Section 23.	Entire Agreement	39
	Section 24.	Withholding Taxes	40
	Section 25.	Custody of Mortgage Loan Documents	41
	Section 26.	Cooperation in Securitization	41
	Section 27.	Notices	42
	Section 28.	Broker	42
	Section 29.	Certain Matters Affecting the Agent	42
	Section 30.	Resignation or Termination of Agent	43
	Section 31.	Resizing	43

 

    -i-

     

    

 

This AGREEMENT BETWEEN
NOTE HOLDERS (this “Agreement”), dated as of March 29, 2019 by and between BANK OF AMERICA, N.A. (“BANA”
and, together with its successors and assigns in interest, in its capacity as initial owner of Note A-1 described below, the “Initial
Note A-1 Holder” and, in its capacity as the initial agent, the “Initial Agent”) and BANA (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”).

 

W I T N E S S E T H:

 

WHEREAS, pursuant to
the Mortgage Loan Agreement (as defined herein), BANA 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 (collectively, the “Mortgage Loan Borrower”);

 

WHEREAS, the Mortgage
Loan is evidenced as of the date hereof, inter alia, by two (2) promissory notes, each dated as of March 29, 2019 and made
by the Mortgage Loan Borrower as follows: Promissory Note A-1, in favor of BANA, as lender, in the original principal amount of
$95,000,000 (as amended, modified, consolidated, or supplemented, “Note A-1”) and Promissory Note A-2, in favor
of BANA, as lender, in the original principal amount of $40,000,000 (as amended, modified, consolidated, or supplemented, “Note
A-2”) and, together with Note A-1, the “Notes”). The Notes are secured by a first mortgage (as amended,
modified or supplemented, the “Mortgage”) on certain real property located as described on the Mortgage Loan
Schedule (the “Mortgaged Property”);

 

WHEREAS, BANA, as Initial
Note A-1 Holder, intends to sell, transfer and assign its right, title and interest in and to Note A-1 to Banc of America
Merrill Lynch Commercial Mortgage Inc. (“BAMLCM”) pursuant to a Mortgage Loan Purchase Agreement dated and effective
May 21, 2019, between BAMLCM, as purchaser, and BANA, as seller, and BAMLCM intends to transfer its right, title and interest in
and to Note A-1 to Wilmington Trust, National Association, as trustee for BANK 2019-BNK18 under a pooling and servicing
agreement, to be dated as of May 1, 2019 (the “Note A-1 PSA”), between BAMLCM, as depositor, Wells Fargo Bank,
National Association, as general master servicer, Rialto Capital Advisors, LLC, as general special servicer, National Cooperative
Bank, N.A, as NCB master servicer and as NCB special servicer, Wells Fargo Bank, National Association, as certificate administrator,
Wilmington Trust, National Association, as trustee, and Pentalpha Surveillance LLC, as operating advisor and asset representations
reviewer;

 

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

 

     

     

    

 

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

 

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

 

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

 

“Agent”
shall mean the Initial Agent or such Person to whom the Initial Agent shall delegate its duties hereunder, and after the Note A-1
Securitization Date shall mean the Master Servicer.

 

“Agent Office”
shall mean the designated office of the Agent, which office, as of the date of this Agreement, is the office of the Initial Note
A-1 Holder listed on Exhibit B 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 the Non-Lead Asset Representations Reviewer, as contemplated
by Item 1101(m) of Regulation AB.

 

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

 

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

 

“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”.

 

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

 

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

 

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

 

“Collection
Account” shall have the meaning assigned to such term in Section 2(b).

 

“Commission”
shall mean the United States Securities and Exchange Commission.

 

“Companion Distribution
Account” shall have the meaning assigned to such term in Section 2(b).

 

“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 (including without limitation subject to any restrictions applicable to the Mortgage
Loan Borrower or affiliates of the Mortgage Loan Borrower provided in the Lead Securitization Servicing Agreement).

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Indemnified
Items” shall have the meaning assigned to such term in Section 2(b).

 

“Indemnified
Parties” shall have the meaning assigned to such term in Section 2(b).

 

“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 (or entities as applicable).

 

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

 

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“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, any Mortgage Loan Borrower, any manager of any Mortgaged
Property, any independent contractor engaged by any of the foregoing parties, the Operating Advisor, the Non-Lead Operating Advisor,
the Controlling Note Holder, the Controlling Note Holder Representative, any Non-Controlling Note Holder, any Non-Controlling Note
Holder Representative, any holder of a related mezzanine loan, or any known Affiliate of any such party described above.

 

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

 

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

 

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

 

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

 

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

 

“Lead Securitization
Note” shall mean Note A-1.

 

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

 

“Lead Securitization
Servicing Agreement” shall mean 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 master servicer 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.

 

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“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 March 29, 2019, between BANA, as lender, and the Mortgage Loan
Borrower, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms
hereof.

 

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

 

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

 

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

 

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

 

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

 

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

 

“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 31.

 

“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”, “Directing Holder”, “Controlling Class Representative” 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 Non-Lead Securitization Servicing Agreement (including without limitation subject to any restrictions applicable to
the Mortgage Loan Borrower or affiliates of the Mortgage Loan Borrower provided in the Non-Lead Securitization Servicing Agreement)
and as to the identity of which the Lead Securitization Note Holder (and the Master Servicer and the Special Servicer) has been
given written notice. The Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf)
shall not be required at any time to deal with more than one party as the representative of the “controlling class”
holder(s) in respect of any Note that is

 

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exercising the rights of a “Non-Controlling Note Holder” herein or under the
Lead Securitization Servicing Agreement (it being understood, for the avoidance of doubt, that the Lead Securitization Note Holder
(or the Master Servicer or Special Servicer on its behalf) may additionally need to deal with the master servicer, special servicer
or other person party to the related Securitization Servicing Agreement) and to the extent that the related Securitization Servicing
Agreement assigns such rights to more than one such party as the representative of the “controlling class” holder(s),
for purposes of this Agreement, each applicable Securitization Servicing Agreement shall designate one such party to deal with
the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) as the representative
of the related “controlling class” holder(s) in exercising its rights as a “Non-Controlling Note Holder”
herein or under the Lead Securitization Servicing Agreement, and such party shall provide written notice of such designation to
the Lead Securitization Note Holder (and the Master Servicer and the Special Servicer acting on its behalf); provided that,
in the absence of such designation and notice, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer
acting on its behalf) shall be entitled to treat the last party as to which it has received written notice as having been designated
as the Non-Controlling Note Holder, as the Non-Controlling Note Holder under this Agreement.

 

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

 

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

 

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

 

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

 

“Non-Lead Securitization”
shall mean the first sale by a Non-Lead Securitization Note Holder of all or a portion of such Non-Lead Securitization Note to
a depositor who will in

 

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turn include such portion of such Non-Lead Securitization Note as part of the securitization of one or
more mortgage loans.

 

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

 

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

 

“Non-Lead Securitization
Servicing Agreement” shall mean the Note A-2 PSA.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“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) corresponding to the Note 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 (which, with respect to the Note A-1 Holder and the Note A-2 Holder shall be the Note
A-1 Principal Balance and the Note A-2 Principal Balance, respectively) 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).

 

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

 

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

 

(c)          
one or more of the following:

 

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

 

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

 

(iii)        
a Qualified Trustee in connection with (a) a securitization of, (b) the creation of collateralized 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 such Securitization Vehicle (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

 

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rating each
Securitization (such entity, an “Approved Servicer”) and such Approved Servicer is required to service and administer
such Note or any interest therein in accordance with servicing arrangements for the assets held by the Securitization Vehicle which
require that such Approved Servicer act in accordance with a servicing standard notwithstanding any contrary direction or instruction
from any other Person; or (3) in the case of a Securitization Vehicle that is a CDO, the CDO Asset Manager and, if applicable,
each Intervening Trust Vehicle that is not administered and managed by a CDO Asset Manager which is a Qualified Institutional Lender,
are each a Qualified Institutional Lender under clauses (i), (ii), (iv) or (v) of this definition,
or

 

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

 

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

 

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

 

(d)          
any entity Controlled by any of the entities described in clause (c) (other than clause (c)(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

 

    -11-

     

    

 

debt is rated either of the then in effect top two rating categories of each of the applicable
Rating Agencies (or, if not rated by an applicable Rating Agency, an equivalent (or higher) rating from any two of Fitch, Moody’s
and S&P).

 

“Rating Agencies”
shall mean DBRS, 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 any Securitization
of any of the Notes, but excluding those of such engaged rating agencies that do not at the applicable time rate any securities
issued in connection with any Securitization of any of the Notes.

 

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

 

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

 

    -12-

     

    

 

or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time, in each case
as effective from time to time as of the compliance dates specified therein.

 

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

 

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

 

“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 prior to the date of determination,
and Moody’s has not downgraded or withdrawn the then-current rating on any class of commercial mortgage securities or placed
any class of commercial mortgage securities on watch citing the continuation of such special servicer as special servicer of such
commercial mortgage loans, (iv) in the case of Morningstar, such special servicer has a ranking by Morningstar equal to or higher
than “MOR CS3” as a special servicer, provided that if Morningstar has not issued a ranking with respect to such special
servicer, such special servicer is acting as special servicer in a commercial mortgage loan securitization that was rated by a
Rating Agency 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 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.

 

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

 

“Scheduled Payment”
shall mean the scheduled payment of interest and/or principal due on the Mortgage Loan on a Monthly Payment Date.

 

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

 

    -13-

     

    

 

“Securitization”
shall mean the Note A-1 Securitization and the Note A-2 Securitization, as applicable.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Special Servicer”
shall mean the special servicer 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.

 

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

 

Section 2.             
Servicing of the Mortgage Loan.

 

(a)       
Each Note Holder acknowledges and agrees that, subject in each case to this Agreement, the Mortgage Loan shall be serviced
from and after the Lead Securitization Date by the Master Servicer and the Special Servicer pursuant to the terms of this Agreement
and the Lead Securitization Servicing Agreement; provided that the Master Servicer shall not be obligated to advance monthly
payments of principal or interest in respect of any Note other than the Lead Securitization Note if such principal or interest
is not paid by the Mortgage Loan Borrower but shall be obligated to advance delinquent real estate taxes, insurance premiums and
other expenses related to the maintenance of the Mortgaged Property and maintenance and enforcement of the lien of the Mortgage
thereon, subject to the terms of the Lead Securitization Servicing Agreement. 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 the Note Holder set forth
herein and in the Lead Securitization Servicing Agreement). The Lead Securitization Servicing Agreement shall not require the Servicer
to enforce the rights of one Note Holder against any other Note Holder and shall not limit the Servicer in enforcing the rights
of one Note Holder against any other Note Holder as may be required in order to service the Mortgage Loan as contemplated by this
Agreement and the Lead Securitization Servicing Agreement; provided, that it is also understood and agreed that nothing
in this sentence shall be construed to otherwise limit the rights of one Note Holder with respect to any other Note Holder. Each
Servicer shall be required pursuant to the Lead Securitization Servicing Agreement (i) to service the Mortgage Loan in accordance
with the Servicing Standard, the terms of the Mortgage Loan Documents, the Lead Securitization Servicing Agreement and applicable
law, (ii) to provide information to each servicer under each Non-Lead Securitization Servicing Agreement necessary to enable each
such servicer to perform its servicing duties under such Non-Lead Securitization Servicing Agreement,

 

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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 with respect to the
securities issued in connection with such Securitization for such Non-Lead Securitization Note; provided, further,
that the special servicer and related servicing arrangements under such replacement servicing agreement shall in any event satisfy
the requirements of clause (c)(iii)(2) of the definition of Qualified Institutional Lender and provided, further,
that until a replacement servicing agreement has been entered into, the Lead Securitization Note Holder shall cause the Mortgage
Loan to be serviced pursuant to the provisions of the Lead Securitization Servicing Agreement, as if such agreement were still
in full force and effect with respect to the Mortgage Loan, by the applicable Servicer in the Lead Securitization 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. 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, to
the extent provided in the Lead Securitization Servicing Agreement) shall make the following advances, subject to the terms of
the Lead Securitization Servicing Agreement and this Agreement: (i) Servicing Advances on the Mortgage Loan and (ii) P&I Advances
on the Lead Securitization Note. The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled to
reimbursement for a Servicing Advance, first from funds on deposit in the Collection Account (as defined in the Lead Securitization
Servicing Agreement) and/or the related Companion Distribution Account (as defined in the Lead Securitization Servicing Agreement)
for the Mortgage Loan that (in any case) represent amounts received on or in respect of the Mortgage Loan, and then, in
the case of Servicing Advances that are Nonrecoverable Advances, if such funds on deposit in the Collection Account and Companion
Distribution Account are insufficient, from general collections of the Lead Securitization as provided in the Lead Securitization
Servicing Agreement. The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled to reimbursement
for interest on a Servicing Advance (including any Servicing Advance that is a Nonrecoverable Advance) at the Reimbursement Rate
(as defined in the Lead Securitization Servicing Agreement) 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

 

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Servicing Advance that is a Nonrecoverable Advance or any interest on a Servicing Advance (including any
Servicing Advance that is a 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 Servicing Advance that is a 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 or the Depositor, as applicable, is entitled to be
reimbursed pursuant to the Lead Securitization Servicing Agreement and this Agreement, to the extent amounts on deposit in the
related “Companion Distribution Account” are insufficient for reimbursement of such amounts. Each Non-Lead Securitization
Note Holder agrees to indemnify (as and to the same extent the Lead Securitization Trust is required to indemnify each of the following
parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the terms of the Lead Securitization Servicing
Agreement) each of the Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee and the
Operating Advisor (and any director, officer, employee or agent of any of the foregoing, to the extent such parties are identified
as indemnified parties in the Lead Securitization Servicing Agreement in respect of other mortgage loans) (the “Indemnified
Parties”) against any claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any
other costs, liabilities, fees and expenses incurred in connection with servicing and administration of the Mortgage Loan (or,
with respect to the Operating Advisor, incurred in connection with the provision of services for the Mortgage Loan) under the Lead
Securitization Servicing Agreement (collectively, the “Indemnified Items”) to the extent of its pro rata
share of such Indemnified Items, and to the extent amounts on deposit in the related “Companion Distribution Account”
are insufficient for reimbursement of such amounts, each Non-Lead Securitization Note Holder shall be required to, promptly following
notice from the Master Servicer, the Special Servicer or the Trustee, reimburse each of the applicable Indemnified Parties for
its pro rata share of the insufficiency; provided that a Non-Lead Securitization Note Holder’s duty to pay,
if any, Indemnified Items to the Operating Advisor shall be subject to any limitations and conditions (including limitations and
conditions with respect to the timing of such payments and the sources of funds for such payments) as may be set forth from time
to time in the related Non-Lead Securitization Servicing Agreement with respect to the Non-Lead Operating Advisor.

 

Any Non-Lead
Master Servicer (or Non-Lead Trustee (if not made by such Non-Lead Master Servicer)) may be required to make P&I Advances on
the respective Non-Lead Securitization Note, from time to time, subject to the terms of the related Non-Lead Securitization Servicing
Agreement, the Lead Securitization Servicing Agreement and this Agreement. The Master Servicer, the Special Servicer and the Trustee,
as applicable, shall be entitled to make their own recoverability determination with respect to a P&I Advance to be made on
the Lead Securitization Note based on the information that they have on hand and in accordance with the Lead Securitization Servicing
Agreement. Any Non-Lead Master Servicer, Non-Lead Special

 

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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
(2) Business Days of making such advance. If the Master Servicer, the Special Servicer or the Trustee, as applicable (with respect
to the Lead Securitization Note) or a Non-Lead Master Servicer, Non-Lead Special Servicer or Non-Lead Trustee, as applicable (with
respect to a Non-Lead Securitization Note), determines that a proposed P&I Advance, if made, would be non-recoverable or an
outstanding P&I Advance is or would be non-recoverable, or if the Master Servicer, the Special Servicer or the Trustee, as
applicable, subsequently determines that a proposed Servicing Advance would be non-recoverable or an outstanding Servicing Advance
is or would be non-recoverable, then the Master Servicer or the Trustee (as provided in the Lead Securitization Servicing Agreement,
in the case of a determination of non-recoverability by the Master Servicer, the Special Servicer or the Trustee) or such Non-Lead
Master Servicer or Non-Lead Trustee (as provided in the related Non-Lead Securitization Servicing Agreement, in the case of a determination
of non-recoverability by a Non-Lead Master Servicer, a Non-Lead Special Servicer or a Non-Lead Trustee) shall notify the Master
Servicer and the Trustee, or the related Non-Lead Master Servicer and the related Non-Lead Trustee, as the case may be, of such
other Securitization within two (2) Business Days of making such determination. Each of the Master Servicer and the Trustee, any
Non-Lead Master Servicer and any Non-Lead Trustee, as applicable, shall only be entitled to reimbursement for a P&I Advance
that becomes non-recoverable and interest thereon at the Reimbursement Rate first from the related Companion Distribution
Account from amounts allocable to the Note for which such P&I Advance was made, and then, if such funds are insufficient,
(i) in the case of the Lead Securitization Note, from general collections of the Lead Securitization Trust, pursuant to the terms
of the Lead Securitization Servicing Agreement and (ii) in the case of a Non-Lead Securitization Note, from general collections
of the related Securitization Trust, as and to the extent provided in the related Non-Lead Securitization Servicing Agreement.

 

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

 

(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

 

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Servicing Agreement for such Non-Lead Securitization Note Holder’s pro rata share of
any such Servicing Advances that are Nonrecoverable Advances (and interest thereon at the Reimbursement Rate) and/or additional
trust fund expenses under the Lead Securitization Servicing Agreement relating to the Mortgage Loan, and (y) if the Lead Securitization
Servicing Agreement permits the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee or the Operating
Advisor to reimburse itself from the Lead Securitization Trust’s general collections, then the Master Servicer, the Special
Servicer, the Certificate Administrator, the Trustee or the Operating Advisor, as applicable, may do so and the related Non-Lead
Master Servicer will be required to, promptly following notice from the Master Servicer or the Special Servicer, pay or reimburse
the Lead Securitization Trust out of general collections in the collection account (or equivalent account) established under such
Non-Lead Securitization Servicing Agreement for such Non-Lead Securitization Note Holder’s pro rata share of any such
Servicing Advances that are Nonrecoverable Advances (and interest thereon at the Reimbursement Rate) and/or additional trust fund
expenses under the Lead Securitization Servicing Agreement relating to the Mortgage Loan;

 

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

 

(iii)         
the related Non-Lead Trustee, Non-Lead Certificate Administrator or Non-Lead Master Servicer 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 may be by email and shall also provide contact information for the related Non-Lead
Trustee, Non-Lead Certificate Administrator, Non-Lead Master Servicer, Non-Lead Special Servicer and the party designated to exercise
the rights of the “Non-Controlling Note Holder” under this Agreement), accompanied by a certified copy of the 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

 

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Non-Lead Securitization
Note under this Agreement (together with the relevant contact information); and

 

(iv)         
the Master Servicer and the Special Servicer and the Trustee 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 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 (not at its own expense or the expense of
the Lead Securitization Trust but at the expense of the related mortgage loan seller, such Non-Lead Asset Representations Reviewer),
but only to the extent that (i) such Non-Lead Asset Representations Reviewer has not been able to obtain such documents from the
related mortgage loan seller or any party to the related Non-Lead Securitization Servicing Agreement and (ii) such documents are
in the possession of the Master Servicer, the Special Servicer, the Trustee or the Custodian, as the case may be.

 

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

 

(f)           
The Lead Securitization Servicing Agreement shall be a pooling and servicing agreement in a form customary and usually used
in the servicing practices of servicers of commercial mortgage loans intended to be securitized; provided it is acknowledged
that such agreement is subject in all respects to changes (i) required by the Code relating to the tax elections of the related
Securitization Trust, (ii) required by law or changes in any law, rule or regulation, (iii) requested by the Rating Agencies or
any purchaser of subordinate certificates or (iv) such other changes as the holder of the Note that as a result of such Securitization
will be the Lead Securitization Note deems advisable to conform to recent market pooling and servicing agreements for commercial
mortgage securitizations. The Lead Securitization Servicing

 

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Agreement shall also satisfy Moody’s rating methodology for eligible
accounts and permitted investments for a securitization rated “Aaa” by Moody’s.

 

(g)          
Without limiting the generality of the preceding Section 2(f), the Lead Securitization Servicing Agreement shall
contain customary provisions with respect to (i) servicing transfer events that would result in the transfer of the Mortgage Loan
to special servicing status, (ii) 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, (iii) the potential termination
of the related Master Servicer and Special Servicer following a servicer termination event (which shall include customary market
termination events with respect to failures to make advances, failure to remit payments for deposit in the Companion Distribution
Account, failure to deliver (or cause to be delivered) materials or notices required in order for the Non-Lead Depositor to timely
comply with its obligations under the Exchange Act, and Rating Agency triggers with respect to the certificates, subject to customary
grace periods (provided, in the case of failures related to the Exchange Act, such grace periods will not cause the Non-Lead Depositor
to fail to comply with the applicable provisions of the Exchange Act)), (iv) requirements to obtain an appraisal or appraisal update
following a transfer of the Mortgage Loan to special servicing status and periodic updates thereof, (v) duties of the Special Servicer
in respect of foreclosure and the management of REO property, (vi) special servicing, workout and liquidation fees (and, in any
event, the percentage rates at which such fees accrue or are determined on the applicable amounts shall not exceed 0.25%, 1.00%
and 1.00%, respectively, subject, however, to customary market minimum fees), (vii) requirements that, to the extent related to
the Mortgage Loan, the Master Servicer or the Special Servicer, Rating Agency Confirmations and Rating Agency Communications be
provided with respect to the commercial mortgage pass-through certificates issued in connection with any Non-Lead Securitization
to the same extent provided with respect to the commercial mortgage pass-through certificates issued in connection with the Lead
Securitization and (viii) indemnification of the Depositor, Master Servicer, Special Servicer, Certificate Administrator, Trustee,
Operating Advisor and Asset Representations Reviewer (and any director, officer, employee or agent of any of the foregoing, to
the extent such parties are identified as indemnified parties in the Lead Securitization Servicing Agreement in respect of other
mortgage loans) against any claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any other
costs, liabilities, fees and expenses incurred in connection with servicing and administration of the Mortgage Loan (or, with respect
to the Operating Advisor and Asset Representations Reviewer, incurred in connection with the provision of services for the Mortgage
Loan); provided, that (A) this Section 2(g) 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 Section 2(g) and any other provision
of this Agreement, such other provision of this Agreement shall control. The Lead Securitization Servicing Agreement shall also
contain provisions requiring the Master Servicer or the Special Servicer, as applicable, to deliver to any Non-Lead Master Servicer,
any Non-Lead Special Servicer and any Non-Lead Trustee (i) notice of any Appraisal Reduction Event promptly following the occurrence
thereof and (ii) a statement of any Appraisal Reduction Amount or Collateral Deficiency Amount (if the

 

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Lead Securitization Servicing
Agreement provides for the calculation of any Collateral Deficiency Amount) promptly following the calculation thereof.

 

(h)          
 The Lead Securitization Servicing Agreement shall also contain (i) provisions requiring the Master Servicer, the Special
Servicer, the Operating Advisor, the Trustee, the Custodian and the Certificate Administrator (A) to deliver or make available
to any such Non-Lead Depositor, Non-Lead Trustee or Non-Lead Certificate Administrator (including any of its assignees or designees),
any and all statements, reports, certifications, records and any other information (in its possession or reasonably attainable)
necessary in the reasonable good faith determination of such Non-Lead Depositor to permit such Non-Lead Depositor to comply with
the provisions of Regulation AB and (B) to provide each person who signs the Sarbanes-Oxley Certification (as defined
in the Lead Securitization Servicing Agreement) for any Non-Lead Securitization (individually and collectively, the “Certifying
Person”), the applicable certification on which each Certifying Person can reasonably rely, (ii) customary industry standard
indemnification provisions for the failure of the applicable parties to timely deliver (or cause to be timely delivered) the materials
and notices required pursuant to clause (i) above, (iii) provisions requiring each of the Master Servicer, the Special Servicer,
the Trustee, the Certificate Administrator, the Custodian, the Operating Advisor and the Asset Representations Reviewer to indemnify
and hold harmless each Certifying Person from and against any claims, losses, damages, penalties, fines, forfeitures, legal fees
and expenses and related costs, judgments and other costs and expenses incurred by such Certifying Person arising out of delivery
of any Deficient Exchange Act Deliverable (as defined in the Lead Securitization Servicing Agreement) by, or on behalf of, such
party, and (iv) provisions that require (A) a party to the Lead Securitization Servicing Agreement to provide a copy of any executed
amendment to the Lead Securitization Servicing Agreement to any Non-Lead Depositor and Non-Lead Certificate Administrator (which
may be by email), in order for any such Non-Lead Depositor to timely comply with its obligations under the Securities Exchange
Act of 1934 (the “Exchange Act”) and (B) a replacement Master Servicer or replacement Special Servicer, as applicable,
to provide all disclosure about itself to the Non-Lead Depositor that is required to be included in a Form 8-K no later than the
effectiveness of such replacement.

 

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, to the extent permitted by the REMIC Provisions), shall
be applied by the Lead Securitization Note Holder (or its designee) to the Notes on a Pro Rata and Pari Passu Basis; provided,
that (x) all amounts for required reserves or escrows required by the Mortgage Loan Documents (to the extent and in accordance
with the terms of the Mortgage Loan Documents) to be held as reserves or escrows or received as reimbursements on account of recoveries
in respect of property protection expenses or Servicing Advances then due and payable or reimbursable to the Trustee or any Servicer
under the Lead Securitization Servicing Agreement

 

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shall be applied to the extent set forth in, and in accordance with the terms
of, the Mortgage Loan Documents; and (y) all amounts that are then due, payable or reimbursable to any Servicer with respect
to the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement and any other additional compensation payable to it
thereunder (including without limitation, any additional trust fund expenses under the Lead Securitization Servicing Agreement
relating to the Mortgage Loan (but subject to the second paragraph of Section 5(d) hereof) reimbursable to, or payable by,
such parties and any Special Servicing Fees, Liquidation Fees, Workout Fees, Penalty Charges (to the extent provided in the immediately
following paragraph), but excluding (i) any P&I Advances (and interest thereon) on the Lead Securitization Note, which shall
be reimbursed in accordance with Section 2(b) hereof, and (ii) any Servicing Fees due to the Master Servicer in excess of
each Non-Lead Securitization Note’s pro rata share of that portion of such servicing fees calculated at the “primary
servicing fee rate” applicable to the Mortgage Loan as set forth in the Lead Securitization Servicing Agreement, which such
excess shall not be subject to the allocation provisions of this Section 3) shall be payable in accordance with the Lead
Securitization Servicing Agreement.

 

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

 

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.

 

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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 Non-Lead Securitization Note Holder hereby presently and irrevocably assigns and conveys to the Lead Securitization Note Holder
(or the Master Servicer, the Special Servicer or the Trustee acting on behalf of the Lead Securitization Note Holder) the rights,
if any, that such Note Holder has to, (i) call, or cause the Lead Securitization Note Holder to call, an Event of Default
under the Mortgage Loan, or (ii) exercise any remedies with respect to the Mortgage Loan or the Mortgage Loan Borrower, including,
without limitation, filing, or causing the Lead Securitization Note Holder to file, any bankruptcy petition against the Mortgage
Loan Borrower. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf)
shall not have any fiduciary duty to any Non-Lead Securitization Note Holder in connection with the administration of the Mortgage
Loan (but the foregoing shall not relieve the Lead Securitization Note Holder from the obligation to make any disbursement of funds
as set forth herein or its obligation to follow the Servicing Standard (in the case of the Master Servicer or the Special Servicer)
or any liability for failure to do so).

 

Each Note Holder
hereby acknowledges the right and obligation of the Lead Securitization Note Holder (or the Special Servicer acting on behalf of
the Lead Securitization Note Holder), upon the Mortgage Loan becoming a Defaulted Loan, to sell the Notes together as notes evidencing
one whole loan in accordance with the terms of the Lead Securitization Servicing Agreement. In connection with any such sale, the
Special Servicer shall be required to 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 two bona fide other offers are received from independent third parties. In determining whether any offer received
represents a fair price for the Mortgage Loan, the Trustee or the Special Servicer, as applicable, shall be supplied with and shall
rely on the most recent Appraisal or updated Appraisal conducted in accordance with the Lead Securitization Servicing Agreement
within the preceding nine (9)-month period or, in the absence of any such Appraisal, on a new Appraisal. The Trustee shall select
the appraiser conducting any such new Appraisal. In determining whether any such offer constitutes a fair price for the Mortgage
Loan, the Trustee or

 

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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 related 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 with at least 5 years’
experience in valuing or investing in loans similar to the Mortgage Loan that has been selected with reasonable care by the Trustee
to determine if such cash offer constitutes a fair price for the Mortgage Loan, and that has been 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-Controlling Note Holder unless the Special Servicer has delivered to each Non-Controlling Note Holder: (a) at least
fifteen (15) Business Days prior written notice of any decision to attempt to sell the Mortgage Loan; (b) at least ten (10) days
prior to the proposed sale date, a copy of each bid package (together with any amendments to such bid packages) received by the
Special Servicer in connection with any such proposed sale; (c) at least ten (10) days prior to the proposed sale date, a copy
of the most recent Appraisal for the Mortgage Loan, and any documents in the Servicer Mortgage File requested by such Non-Controlling
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 Holder or the Controlling Holder, as applicable) 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 unless such Person is the Mortgage Loan Borrower or an agent
or Affiliate of the Mortgage Loan Borrower.

 

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

 

The authority
of the Lead Securitization Note Holder to sell any Non-Lead Securitization Note, and the obligations of any other Note Holder to
execute and deliver instruments or deliver the related Note upon request of the Lead Securitization Note Holder, shall terminate
and cease to be of any further force or effect upon the date, if any, upon which the Lead Securitization Note is repurchased by
the holder of such Lead Securitization Note that sold such Lead Securitization Note into such Securitization from the trust fund
established under the Lead Securitization Servicing Agreement in connection with a material breach of representation or

 

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

 

(b)          
The administration of the Mortgage Loan shall be governed by this Agreement and the Lead Securitization Servicing Agreement.
The servicing of the Mortgage Loan shall be carried out by the Master Servicer and, if the Mortgage Loan is a Specially Serviced
Loan (or to the extent otherwise provided in the Lead Securitization Servicing Agreement), by the Special Servicer, in each case
pursuant to the Lead Securitization Servicing 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 a 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 be required (i) to provide copies of any notice, information and report that it is required to provide to
the Lead Securitization Directing Holder or Controlling Holder, as applicable, pursuant to (and notwithstanding the existence of
any “control termination event” (or analogous term) under) the Lead Securitization Servicing Agreement with respect
to any Major Decisions or the implementation of any recommended actions outlined in an Asset Status Report relating to the Mortgage
Loan, to each Non-Controlling Note Holder (or its Note Holder Representative), within the same time frame it is required to provide
to the Lead Securitization Directing Holder or Controlling Holder, as applicable (for this purpose, without regard to whether such
items are actually required to be provided to the Lead Securitization Directing Holder or Controlling Holder, as applicable, under
the Lead Securitization Servicing Agreement due to the occurrence of a Control Termination Event or a Consultation Termination
Event), and (ii) to use reasonable efforts to consult with each Non-Controlling Note Holder (or its Non-Controlling Note Holder
Representative) on a strictly non-binding basis, to the extent having received such notices, information and reports, such Non-Controlling
Note Holder (or its Non-Controlling Note Holder Representative) requests consultation with respect to any such Major Decisions
or the

 

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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 Holder or Controlling Holder, as applicable, the Lead Securitization Note Holder (or the Master
Servicer or the Special Servicer acting on its behalf) shall no longer be obligated to consult with such Non-Controlling Note Holder
(or its Non-Controlling Note Holder Representative), whether or not such Non-Controlling Note Holder (or its Non-Controlling Note
Holder Representative) has responded within such ten (10) Business Day period (unless, the Lead Securitization Note Holder (or
the Master Servicer or the Special Servicer acting on its behalf) proposes a new course of action that is materially different
from the action previously proposed, in which case such ten (10) Business Day period shall be deemed to begin anew from the date
of such proposal and delivery of all information relating thereto). Notwithstanding the consultation rights of each Non-Controlling
Note Holder (or its Non-Controlling Note Holder Representative) set forth in the immediately preceding sentence, the Lead Securitization
Note Holder (or Master Servicer or Special Servicer, acting on its behalf) may make any Major Decision or take any action set forth
in the Asset Status Report before the expiration of the aforementioned ten (10) Business Day period if the Lead Securitization
Note Holder (or 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 REMIC, then, any provision of this Agreement to the contrary notwithstanding: (i) the
Mortgage Loan shall be administered such that the Notes shall qualify at all times as (or as interests in) a “qualified mortgage”
within the meaning of Section 860G(a)(3) of the Code, (ii) any real property (and related personal property) acquired
by or on behalf of the Note Holders pursuant to a foreclosure, exercise of a power of sale or delivery of a deed in lieu of foreclosure
of the Mortgage or lien on such property following a default on the Mortgage Loan shall be administered so that the interest of
the pro rata share of each Note Holder therein shall at all times qualify as “foreclosure property” within the
meaning of Section 860G(a)(8) of the Code and (iii) no Servicer may modify, waive or amend any provision of the Mortgage
Loan, consent to or withhold consent from any action of the Mortgage Loan Borrower, or exercise or refrain from exercising any
powers or rights which the Note Holders may have under the Mortgage Loan Documents, if any such action would constitute a “significant
modification” of the Mortgage Loan, within the meaning of Section 1.860G-2(b) of

 

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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), or would otherwise violate any REMIC Provisions applicable to a REMIC that holds any Note (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. All costs and expenses of compliance with
this Section 5(d), to the extent that such costs and expenses relate to administration of a REMIC or to any determination respecting
the amount, payment or avoidance of any tax under the REMIC Provisions or the actual payment of any REMIC tax or expense, shall
be borne by each Note Holder solely with respect to the REMIC trust that includes its own Note. Without limiting the generality
of the foregoing, one Note Holder (the “Uninvolved Note Holder”) shall not be required to reimburse any other
Note Holder or any other Person for payment of the following items related to any REMIC that does not or did not include the Uninvolved
Note Holder’s Note: (i) any taxes imposed on any such REMIC, (ii) any costs or expenses relating to the administration of
any such REMIC or to any determination respecting the amount, payment or avoidance of any tax under any such REMIC or (iii) any
advances for any of the foregoing or any interest thereon or for deficits in other items of disbursement or income resulting from
the use of funds for payment of any such taxes, costs or expenses or advances, nor shall any disbursement or payment otherwise
distributable to the Uninvolved Note Holder be reduced to offset or make-up any such payment or deficit.

 

Section 6.             
Rights of the Controlling Note Holder.

 

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

 

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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 or its breach of this Agreement.
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 or a breach
of this Agreement 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, or
to have breached this Agreement, 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.
The Non-Controlling Note Holder Representative, as of the date of this Agreement and until the Lead Securitization Note Holder
(and the Master Servicer and the Special Servicer) is notified otherwise, shall be the Initial Note A-2 Holder with respect to
Note A-2,

 

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provided that at any time Note A-1 is included in a Securitization, references to the “Non-Controlling Note
Holder” herein shall mean the related “Directing Certificateholder” or “Controlling Class Representative”
under the applicable Non-Lead Securitization or any other party assigned the rights to exercise the rights of the related “Non-Controlling
Note Holder” hereunder, as and to the extent provided in the related Non-Lead Securitization Servicing Agreement and as to
the identity of which the Lead Securitization Note Holder (and the Master Servicer and the Special Servicer) has been given written
notice.

 

(b)          
The Controlling Note Holder shall be entitled to exercise the rights and powers granted to the Controlling Note hereunder
and the rights and powers granted to the Lead Securitization Directing Holder under the Lead Securitization Servicing Agreement
with respect to the Mortgage Loan (assuming that no “Control Termination Event” or “Consultation Termination
Event”, as applicable, has occurred and is continuing (or that periods defined by analogous terms during which control and/or
consultation are permitted, such as “Subordinate Control Period”, are in effect) under, and as defined in, the Lead
Securitization Servicing Agreement).

 

No objection,
direction, consent or advice in connection with the exercise of such rights and powers 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.

 

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.

 

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 in lieu thereof. 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 this Agreement
(including, without limitation, a Rating Agency Communication or a Rating Agency Confirmation, but only if required by the terms
of the Lead Securitization Servicing Agreement), and delivering to each Non-Controlling Note Holder a Rating Agency Confirmation
with respect to any related rated securities issued and outstanding under the related Securitization, if applicable. 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

 

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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 (or at any time that the Mortgage
Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the successor servicing agreement pursuant
to which the Mortgage Loan is being serviced) solely with respect to the Mortgage Loan pursuant to and in accordance with the terms
of the Lead Securitization Servicing Agreement (or at any time that the Mortgage Loan is no longer subject to the provisions of
the Lead Securitization Servicing Agreement, the successor servicing agreement pursuant to which the Mortgage Loan is being serviced).
Each Note Holder acknowledges and agrees that any successor special servicer appointed to replace the Special Servicer with respect
to the Mortgage Loan that was terminated for cause at a Non-Controlling Note Holder’s direction cannot at any time be the
person (or an Affiliate thereof) that was so terminated without the prior written consent of such Non-Controlling Note Holder.
Each Non-Controlling Note Holder shall be solely responsible for reimbursing the Trustee’s or the Controlling Note Holder’s,
as applicable, costs and expenses, if not paid within a reasonable time by the terminated special servicer and, in the case of
the Trustee, that would otherwise be reimbursed to the Trustee from amounts on deposit in the Lead Securitization’s “collection
account” (or equivalent account).

 

Section 8.             
Payment Procedure.

 

(a)           
The Lead Securitization Note Holder (or the Master Servicer acting on its behalf), in accordance with the priorities set
forth in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall deposit or cause
to be deposited all payments allocable to the Notes to the Collection Account and/or related Companion Distribution Account (or
analogous terms 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 (1) Business Day of receipt of properly identified funds by the Lead Securitization Note Holder
(or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower (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 payments
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 payments).

 

(b)          
If the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) determines, or a court of competent
jurisdiction orders, at any time that any amount received or collected in respect of any Note must, pursuant to any insolvency,
bankruptcy, fraudulent conveyance, preference or similar law, be returned to the Mortgage Loan Borrower or paid to any Note Holder
or any Servicer or paid to any other Person, then, notwithstanding any

 

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other provision of this Agreement, (i) the Lead Securitization
Note Holder (or the Master Servicer acting on its behalf) shall not be required to distribute any portion thereof to any Non-Lead
Securitization Note Holder and (ii) each Non-Lead Securitization Note Holder (or the Master Servicer acting on its behalf)
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 (or the Master Servicer acting on its behalf) shall have theretofore distributed to such
Non-Lead Securitization Note Holder, together with interest thereon at such rate, if any, as the Lead Securitization Note Holder
(or the Master Servicer acting on its behalf) shall have been required to pay to any Mortgage Loan Borrower, Master Servicer, Special
Servicer or such other Person with respect thereto.

 

(c)               
If, for any reason, the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) makes any payment
to any Non-Lead Securitization Note Holder before the Lead Securitization Note Holder (or the Master Servicer acting on its behalf)
has received the corresponding payment (it being understood that the Lead Securitization Note Holder (or the Master Servicer acting
on its behalf) 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 (or the Master Servicer acting on its behalf) request, promptly return that
payment to the Lead Securitization Note Holder (or the Master Servicer acting on its behalf).

 

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

 

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

 

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

 

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connection with the Lead Securitization Note Holder’s exercise of
rights or any omission by the Lead Securitization Note Holder to exercise such rights other than as described above; provided,
that each Servicer must act in accordance with the Servicing Standard and the terms of this Agreement.

 

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

 

Section 11.          
Representations of the Note Holders. 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

 

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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. The Lead Securitization Note Holder shall have no obligation whatsoever to offer to any Non-Lead
Securitization Note Holder the opportunity to purchase a participation interest in any future loans originated by the Lead Securitization
Note Holder or its Affiliates and if the Lead Securitization Note Holder chooses to offer to any Non-Lead Securitization Note Holder
the opportunity to purchase a participation interest in any future mortgage loans originated by the Lead Securitization Note Holder
or its Affiliates, such offer shall be at such purchase price and interest rate as the Lead Securitization Note Holder chooses,
in its sole and absolute discretion. No Non-Lead Securitization Note Holder shall have any obligation whatsoever to purchase from
the Lead Securitization Note Holder a participation interest in any future loans originated by the Lead Securitization Note Holder
or its Affiliates.

 

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

 

Section 14.           
Sale of the Notes.

 

(a)          
Each Note Holder agrees that it will not sell, assign, transfer, pledge, syndicate, hypothecate, contribute, encumber or
otherwise dispose of all or any portion of its respective Note (or a participation interest in such Note) (a “Transfer”)
except to a Qualified Institutional Lender in accordance with the terms of this Agreement; provided, however, that
with respect to any transfer of the Controlling Note into a securitization in reliance on clause (b), clause (c)(iii)(1) or clause
(c)(iii)(2) of the definition of Qualified Institutional Lender, the special servicer and related servicing arrangements shall
satisfy the requirements of clause (c)(iii)(2) of such definition regardless which of such three clauses is relied upon for such
transfer. Promptly after any such Transfer, any non-transferring Note Holders shall be provided with (x) a representation
from each transferee or the transferring Note Holder certifying that such transferee is a Qualified Institutional Lender (except
in the case of a Transfer in accordance with the immediately following sentence or a Transfer by a Note Holder to an entity that
constitutes a Qualified Institutional Lender pursuant to clause (c)(iii) of the definition thereof) and (y) a copy

 

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of the
assignment and assumption agreement referred to in Section 15 (unless the transferee is a Securitization Trust and
the related pooling and servicing agreement requires the parties thereto to comply with this Agreement). If a Note Holder intends
to Transfer its respective Note, or any portion thereof, to an entity that is not a Qualified Institutional Lender, it must first
(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, as and to the extent required by the applicable Securitization Servicing Agreement, deliver a Rating
Agency Communication (if a Rating Agency Confirmation is not required thereunder) to, or obtain a Rating Agency Confirmation from,
each of the applicable engaged Rating Agencies for such Securitization Trust. Notwithstanding the foregoing, without each non-transferring
Note Holder’s prior consent (which will not be unreasonably withheld), and, if any non-transferring Note Holder’s Note
is held in a Securitization Trust, without a Rating Agency Confirmation from, or Rating Agency Communication to, as applicable,
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 Confirmation or Rating Agency
Communication in connection with any such Transfer. Notwithstanding the foregoing, each Note Holder shall have the right, without
the need to obtain the consent of any other Note Holder or of any other Person or having to provide any Rating Agency Confirmation
or Rating Agency Communication, to Transfer 49% or less (in the aggregate) of its beneficial interest in a Note other than to the
Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party. None of the provisions of this Section 14(a) shall apply
in the case of (1) a sale of the Lead Securitization Note together with all of the Non-Lead Securitization Notes, in accordance
with the terms and conditions of the Lead Securitization Servicing Agreement or (2) a transfer by the Special Servicer, in accordance
with the terms and conditions of the Lead Securitization Servicing Agreement, of the Mortgage Loan or the Mortgaged Property, upon
the Mortgage Loan becoming a Defaulted Loan, to a single member limited liability or limited partnership, 100% of the equity interest
in which is owned directly or indirectly, through one or more single member limited liability companies or limited partnerships,
by the Lead Securitization Trust.

 

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

 

(c)               
Notwithstanding any other provision hereof, any Note Holder may pledge (a “Pledge”) its Note to any entity
(other than the Mortgage Loan Borrower or any Affiliate thereof) which has extended a credit facility to such Note Holder and that
is either a Qualified Institutional Lender or a financial institution whose long-term unsecured debt is rated at least “A”

 

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(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, 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

 

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such Note Holder (and any Servicer, as
applicable) in writing that its interest in the pledged Note has terminated.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

In connection with any
Transfer of a Note (but excluding any Pledgee unless and until it realizes on its Pledge), a transferee shall execute an assignment
and assumption agreement (unless the transferee is a Securitization Trust and the related pooling and servicing agreement

 

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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;

 

(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

 

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(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 securities 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 31).

 

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

 

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

 

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

 

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

 

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

 

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

 

    -40-

     

    

 

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 Lead Securitization Date, the originals of all of the Mortgage Loan
Documents (other than Note A-2) will be held by the Initial Agent on behalf of the registered holders of the Notes. On and after
the Lead Securitization Date, the originals of all of the Mortgage Loan Documents (other than Note A-2) shall be held in the name
of the trustee (and held by a duly appointed custodian therefor) under the Lead Securitization Servicing Agreement, on behalf of
the registered holders of the Notes. On and after the Note A-2 Securitization Date, Note A-2 shall be held in the name of the trustee
(and held by a duly appointed custodian therefor) under the Note A-2 PSA, on behalf of the Note A-2 Holder.

 

Section 26.           
Cooperation in Securitization.

 

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

 

    -41-

     

    

 

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

 

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

 

Section 29.           
Certain Matters Affecting the Agent.

 

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

 

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

 

(c)          
The Agent shall be under no obligation to institute, conduct or defend any litigation hereunder or in relation hereto at
the request, order or direction of any Note Holder

 

    -42-

     

    

 

pursuant to the provisions of this Agreement, unless it has received indemnity
reasonably satisfactory to it;

 

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

 

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

 

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

 

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

 

Section 30.         
Resignation or Termination of Agent. The Agent may resign at any time on ten (10) days’ prior notice, so long
as a successor Agent, reasonably satisfactory to the Note Holders (it being agreed that a Servicer, the Trustee or a Certificate
Administrator in a Securitization is satisfactory to the Note Holders), has agreed to be bound by this Agreement and perform the
duties of the Agent hereunder. BANA, as Initial Agent, may transfer its rights and obligations to a Servicer, the Trustee or the
Certificate Administrator, as successor Agent, at any time without the consent of any Note Holder. Notwithstanding the foregoing,
Note Holders hereby agree that, simultaneously with the closing of the Lead Securitization, the Master Servicer shall be deemed
to have been automatically appointed as the successor Agent under this Agreement in place of BANA without any further notice or
other action. The termination or resignation of such Master Servicer, as Master Servicer under the Lead Securitization Servicing
Agreement, shall be deemed a termination or resignation of such Master Servicer as Agent under this Agreement, and any successor
master servicer shall be deemed to have been automatically appointed as the successor Agent under this Agreement in place thereof
without any further notice or other action.

 

Section 31.           
Resizing. Notwithstanding any other provision of this Agreement, for so long as BANA or an affiliate thereof (an
“Original Entity”) is the owner of any Non-Lead Securitization Note (each, an “Owned Note”),
such Original Entity shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Mortgage Loan Borrower
to execute amended and restated notes or additional notes (in each case, as applicable, “New Notes”) reallocating
the principal of an Owned Note to such New Notes; or severing an Owned Note into one or more further “component” notes
in the aggregate principal amount equal to the then outstanding principal balance of such Owned Note provided that (i) the aggregate
principal balance of all outstanding New Notes following such amendments is no greater than the aggregate principal of such Owned
Note prior to such amendments, (ii) all Notes continue to have the same weighted average interest rate as the Notes prior to such
amendments, (iii) all Notes pay pro rata and on a pari passu basis and such reallocated or component notes shall
be automatically subject to the terms of this Agreement and (iv) the Original Entity holding the New Notes shall notify the Lead

 

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

 

[SIGNATURE PAGE FOLLOWS]

 

    -44-

     

    

 

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

 

	 	BANK OF AMERICA, N.A., as
Initial Note A-1 Holder
	 	 
	 	By:	/s/ Steven Wasser
	 	 	Name: Steven Wasser
Title:   Managing Director

 

	 	BANK OF AMERICA, N.A., as
Initial Note A-2 Holder
	 	 
	 	By:	/s/ Steven Wasser
	 	 	Name: Steven Wasser
Title:   Managing Director

 

Agreement
Between Note Holders – Ford Factory

 

     

     

    

 

EXHIBIT A

 

MORTGAGE
LOAN SCHEDULE

 

Description of Mortgage Loan

 

	Mortgage Loan Borrower(s):	AI FFOZ Owner LLC
	Date of Mortgage Loan (Origination): 	March 29, 2019
	Original Principal Amount of Mortgage Loan:	$130,000,000
	Principal Amount of Mortgage Loan as of the date hereof:	$130,000,000
	Date of each Promissory Note:	March 29, 2019
	Interest Rate of each Promissory Note:	4.520%
	Promissory Note A-1 Principal Balance:	$95,000,000
	Promissory Note A-2 Principal Balance:	$40,000,000
	Location of Mortgaged Property:	Los Angeles, California 
	Initial Maturity Date:	April 1, 2029

 

    A-1

     

    

 

EXHIBIT B

 

1.     Initial Note
A-1 Holder:

 

(Prior to Securitization of Note A-1):

 

Bank of America, N.A.

NC1-027-15-01

214 North Tryon Street

Charlotte, North Carolina 28255

Attention: Steven L. Wasser

Email: steve.l.wasser@baml.com

 

with a copy to:

 

W. Todd Stillerman, Esq.

Bank of America Corporation

NC1-027-20-05

214 North Tryon Street, 18th
Floor

Charlotte, North Carolina 28255

Email: todd.stillerman@bankofamerica.com

 

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

 

2.     Initial Note
A-2 Holder:

 

Bank of America, N.A.

NC1-027-15-01

214 North Tryon Street

Charlotte, North Carolina 28255

Attention: Steven L. Wasser

Email: steve.l.wasser@baml.com

 

with a copy to:

 

W. Todd Stillerman, Esq.

Bank of America Corporation

NC1-027-20-05

214 North Tryon Street, 18th Floor

Charlotte, North Carolina 28255

Email: todd.stillerman@bankofamerica.com

 

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

 

    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.	AREA Property Partners

		6.	Artemis Real Estate Partners

		7.	BlackRock, Inc.

		8.	Capital Trust, Inc.

		9.	Clarion Partners

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

		11.	CreXus Investment Corporation/Annaly Capital Management

		12.	DLJ Real Estate Capital Partners

		13.	Dune Real Estate Partners

		14.	Eightfold Real Estate Capital, L.P.

		15.	Five Mile Capital Partners

		16.	Fortress Investment Group, LLC

		17.	Garrison Investment Group

		18.	Goldman, Sachs & Co.

		19.	H/2 Capital Partners LLC

		20.	Hudson Advisors

		21.	Investcorp International

		22.	iStar Financial Inc.

		23.	J.P. Morgan Investment Management Inc.

		24.	JER Partners

		25.	Lend-Lease Real Estate Investments

		26.	Libermax Capital LLC

		27.	LoanCore Capital

		28.	Lone Star Funds

		29.	Lowe Enterprises

		30.	Normandy Real Estate Partners

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

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

		33.	Praedium Group

		34.	Raith Capital Partners, LLC

		35.	Rialto Capital Advisors, LLC

		36.	Rialto Capital Management, LLC

		37.	Rialto Capital Partners LLC

		38.	Rimrock Capital Management LLC

		39.	Rockpoint Group

		40.	Rockwood

		41.	RREEF Funds

		42.	Square Mile Capital Management

		43.	Starwood Capital Group/Starwood Financial Trust

		44.	The Blackstone Group

		45.	The Carlyle Group

		46.	Torchlight Investors

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

		48.	Westbrook Partners

		49.	WestRiver Capital

		50.	Wheelock Street Capital

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

 

    C-1Exhibit 4.7

 

Execution Copy

 

AGREEMENT BETWEEN NOTEHOLDERS

 

Dated as of May 16, 2019

 

by and between

 

DEUTSCHE BANK AG, NEW YORK BRANCH

(Initial Note A-1-A Holder, Initial Note A-1-B Holder, Initial Note A-1-C Holder, Initial Note B-

1-A Holder, Initial Note B-1-B
Holder, Initial Note C-1-A Holder, Initial Note C-1-B Holder and

 Initial Note D-1 Holder)

 

and

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

(Initial Note A-2-A Holder, Initial Note A-2-B Holder, Initial Note A-2-C Holder, Initial Note B-

2-A Holder, Initial Note B-2-B
Holder, Initial Note C-2-A Holder, Initial Note C-2-B Holder and 

Initial Note D-2 Holder)

 

Newport Corporate Center

 

    

     

    

 

THIS AGREEMENT BETWEEN
NOTEHOLDERS (“Agreement”), dated as of May 16, 2019, 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-A, the “Initial
Note A-1-A Holder”, in its capacity as initial owner of Note A-1-B, the “Initial Note A-1-B Holder”,
and in its capacity as initial owner of Note A-1-C, the “Initial Note A-1-C Holder”), WELLS FARGO BANK, NATIONAL
ASSOCIATION (“Wells Fargo” and, together with its successors and assigns in interest, in its capacity as
initial owner of Note A-2-A, the “Initial Note A-2-A Holder”, in its capacity as initial owner of Note A-2-B,
the “Initial Note A-2-B Holder”, in its capacity as initial owner of Note A-2-C, the “Initial
Note A-2-C Holder”, and in its capacity as the initial agent, the “Initial Agent”), DB and, together
with its successors and assigns in interest, in its capacity as initial owner of Note B-1-A, the “Initial Note B-1-A
Holder”), DB and, together with its successors and assigns in interest, in its capacity as initial owner of Note B-1-B,
the “Initial Note B-1-B Holder”), Wells Fargo and, together with its successors and assigns in interest,
in its capacity as initial owner of Note B-2-A, the “Initial Note B-2-A Holder”), Wells Fargo and, together
with its successors and assigns in interest, in its capacity as initial owner of Note B-2-B, the “Initial Note B-2-B Holder”),
DB and, together with its successors and assigns in interest, in its capacity as initial owner of Note C-1-A, the “Initial
Note C-1-A Holder”), DB and, together with its successors and assigns in interest, in its capacity as initial owner of
Note C-1-B, the “Initial Note C-1-B Holder”), Wells Fargo and, together with its successors and assigns in interest,
in its capacity as initial owner of Note C-2-A, the “Initial Note C-2-A Holder”), Wells Fargo and, together
with its successors and assigns in interest, in its capacity as initial owner of Note C-2-B, the “Initial Note C-2-B Holder”),
DB and, together with its successors and assigns in interest, in its capacity as initial owner of Note D-1, the “Initial
Note D-1 Holder”), and Wells Fargo and, together with its successors and assigns in interest, in its capacity as initial
owner of Note D-2, the “Initial Note D-2 Holder”).

 

W I T N E S S E T H:

 

WHEREAS, pursuant to
the Mortgage Loan Agreement (as defined herein), DB and Wells Fargo originated a certain loan described on the schedule attached
hereto as Exhibit A (the “Mortgage Loan Schedule”) (the “Mortgage Loan”) to Preylock
Bellevue, LLC, (the “Mortgage Loan Borrower”), which was evidenced, inter alia, by (i)
one promissory note in the original principal amount of $50,000,000 (“Note A-1-A”) made by the Mortgage Loan
Borrower in favor of the Initial Note A-1-A Holder, (ii) one promissory note in the original principal amount of $30,000,000 (“Note
A-1-B”) made by the Mortgage Loan Borrower in favor of the Initial Note A-1-B Holder, (iii) one promissory note in the
original principal amount of $10,200,000 (“Note A-1-C”) made by the Mortgage Loan Borrower in favor of the
Initial Note A-1-C Holder, (iv) one promissory note in the original principal amount of $33,800,000 (“Note A-2-A”)
made by the Mortgage Loan Borrower in favor of the Initial Note A-2-A Holder, (v) one promissory note in the original principal
amount of $20,000,000 (“Note A-2-B”) made by the Mortgage Loan Borrower in favor of the Initial Note A-2-B
Holder, (vi) one promissory note in the original principal amount of $20,000,000 (“Note A-2-C”) made by the
Mortgage Loan Borrower in favor of the Initial Note A-2-C Holder, (vii) one promissory note in the original principal amount of
$7,150,000 (“Note B-1-A”) made by the Mortgage Loan Borrower in favor of the Initial Note B-1-A Holder, (viii)
one promissory note in the original principal amount of $2,750,000 (“Note B-1-B”) made by the Mortgage Loan
Borrower in favor of the Initial Note B-1-B Holder, (ix) one

 

    

     

    

 

promissory note in the original principal amount of $5,850,000 (“Note B-2-A”) made by the Mortgage
Loan Borrower in favor of the Initial Note B-2-A Holder, (x) one promissory note in the original principal amount of $2,250,000
(“Note B-2-B”) made by the Mortgage Loan Borrower in favor of the Initial Note B-2-B Holder, (xi) one promissory
note in the original principal amount of $22,000,000 (“Note C-1-A”) made by the Mortgage Loan Borrower in favor
of the Initial Note C-1-A Holder, (xii) one promissory note in the original principal amount of $18,700,000 (“Note C-1-B”)
made by the Mortgage Loan Borrower in favor of the Initial Note C-1-B Holder, (xiii) one promissory note in the original principal
amount of $18,000,000 (“Note C-2-A”) made by the Mortgage Loan Borrower in favor of the Initial Note C-2-A Holder,
(xiv) one promissory note in the original principal amount of $15,300,000 (“Note C-2-B”) made by the Mortgage
Loan Borrower in favor of the Initial Note C-2-B Holder, (xv) one promissory note in the original principal amount of $30,800,000
(“Note D-1”) made by the Mortgage Loan Borrower in favor of the Initial Note D-1 Holder, and (xvi) one
promissory note in the original principal amount of $25,200,000 (“Note D-2”, and together with Note A-1-A,
Note A-1-B, Note A-1-C, Note A-2-A, Note A-2-B, Note A-2-C, Note B-1-A, Note B-1-B, Note B-2-A, Note B-2-B, Note C-1-A, Note C-1-B,
Note C-2-A, Note C-2-B and Note D-1, the “Notes”) made by the Mortgage Loan Borrower in favor of the Initial
Note D-2 Holder, and 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”); 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(s)”
shall mean each Note that has a designation starting with “A”, 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.

 

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

 

“Activity”
shall mean any review, analysis, comfort, verification, manipulation, reorganization, restructuring, recompilation, recomposition,
revision or modification of any information or data.

 

“Additional
Data Request” shall have the meaning assigned to such term in Section 2(l).

 

    2

     

    

 

“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 (x) any Servicer or Trustee in accordance with the
terms of the Servicing Agreement or (y) any Non-Lead Servicer or Non-Lead Trustee in accordance with the terms of the Non-Lead
Securitization Servicing Agreement; provided that (i) the aggregate special servicing fee (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,
the B Notes and the C Notes are purchased within ninety (90) days of the date on which the first Noteholder Purchase Notice was
given by a Subordinate Noteholder.

 

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

 

“Advances”
shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement
or the 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 Securitization Date shall mean the Certificate Administrator, if any, and if there is
no Certificate Administrator, shall mean the Trustee.

 

“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-2-A 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.

 

    3

     

    

 

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

 

“Anticipated
Repayment Date” shall have the meaning assigned to such term in the Mortgage Loan Agreement.

 

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

 

“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 the 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.

 

“B Note(s)”
shall mean each Note that has a designation starting with “B”, either individually or in the aggregate as the context
may require.

 

“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.

 

“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.

 

    4

     

    

 

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

 

“C Note(s)”
shall mean each Note that has a designation starting with “C”, either individually or in the aggregate as the context
may require.

 

“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 such term 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.

 

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

 

“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.

 

“Control Appraisal
Period” means a Note B Control Appraisal Period, a Note C Control Appraisal Period or a Note D Control Appraisal Period,
as the context may require.

 

“Controlling
Class Representative” shall mean the “Controlling Class Representative”, if any, as defined in the Servicing
Agreement or such other analogous term used in the Servicing Agreement.

 

“Controlling
Noteholder” shall mean as of any date of determination (i) holder or holders of a majority of the D Notes (by Principal
Balance), unless a Note D Control Appraisal Period has occurred and is continuing, (ii) if and for so long as a Note D Control
Appraisal Period

 

    5

     

    

 

has occurred and is continuing and no Note C Control Appraisal Period has occurred and is continuing, the holder
or holders of a majority of the C Notes (by Principal Balance), (iii) if and for so long as a Note C Control Appraisal Period has
occurred and is continuing and no Note B Control Appraisal Period has occurred and is continuing, the holder or holders of a majority
of the B Notes (by Principal Balance), and (iv) if and for so long as a Note B Control Appraisal Period has occurred and is continuing,
the Note A-2-A Holder; provided that at any time the Note A-2-A Holder is the Controlling Noteholder and Note A-2-A is included
in the Note A-2-A 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 Servicing Agreement; and provided  further that, if the Note B Holders, the Note C Holders
or the Note D Holders would be the Controlling Noteholder pursuant to the terms hereof, but any interest in any B Note, or any
C Note, or any D Note, as applicable, 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 any B Note, C Note or D Note, as applicable, then a Note B Control Appraisal
Period, a Note C Control Appraisal Period or a Note D Control Appraisal Period, respectively, shall be deemed to have occurred.
The holder of a majority of Note D is the Controlling Noteholder as of the date of this Agreement.

 

“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.

 

“D Note(s)”
shall mean each Note that has a designation starting with “D”, either individually or in the aggregate as the context
may require.

 

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

 

“Defaulted Mortgage
Loan Purchase Price” shall mean:

 

(i) in connection with
the purchase of the A Notes by the Note B Holders, the Note C Holders or the Note D Holders, 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 of, (b) accrued and unpaid interest, on each of the Note A-1-A Principal Balance, the Note A-1-B Principal Balance,
the Note A-1-C Principal Balance, the Note A-2-A Principal Balance, the Note A-2-B Principal Balance and the Note A-2-C 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 and any
accrued and unpaid Accrued Additional Interest on Note A-1-A, Note A-1-B, Note A-1-C, Note A-2-A, Note A-2-B and Note A-2-C, (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

 

    6

     

    

 

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 or (z) if the Mortgage Loan is purchased more than 120 days after such option first becomes exercisable pursuant
to Section 12 of this Agreement, any default interest on each of the Note A-1-A Principal Balance, the Note A-1-B Principal
Balance, the Note A-1-C Principal Balance, the Note A-2-A Principal Balance, the Note A-2-B Principal Balance and the Note A-2-C
Principal Balance at the Note A Default Rate from the date as to which interest was last paid in full by Mortgage Loan Borrower
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 (i)(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 each A Note 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; and

 

(ii) in connection with
the purchase of the B Notes by the Note C Holders or the Note D Holders, 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 aggregate
Principal Balance of the B Notes, (b) accrued and unpaid interest on each of the Note B-1-A Principal Balance, Note B-1-B
Principal Balance, Note B-2-A Principal Balance and the Note B-2-B Principal Balance at the Note B 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 and any accrued and unpaid Accrued Additional Interest on
each respective B Note, (c) any other amounts due under the Mortgage Loan to the Note B 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 accrued and unpaid Advance Interest Amount
with respect to an Advance made by or on behalf of any Note B Holder, (e) (x) if a Borrower Party is the purchaser or (y) if the
Mortgage Loan is purchased after ninety (90) days after such option first becomes exercisable pursuant to Section 12 of
this Agreement, any liquidation or workout fees payable under the Servicing Agreement with respect to the Mortgage Loan or (z)
if the Mortgage Loan is purchased more than 120 days after such option first becomes exercisable pursuant to Section 12
of this Agreement, any default interest on each of the Note B-1-A Principal Balance, Note B-1-B Principal Balance, Note B-2-A Principal
Balance and the Note B-2-B Principal Balance at the Note B Default Rate from the date as to which interest was last paid in full
by Mortgage Loan Borrower, and (f) any Recovered Costs not reimbursed previously to a Note B Holder pursuant to this

 

    7

     

    

 

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 (ii)(c) 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 each B Note at the Note B 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; and

 

(iii) in connection with
the purchase of the C Notes by the Note D Holders, 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
aggregate Principal Balance of the C Notes, (b) accrued and unpaid interest on each of the Note C-1-A Principal Balance,
Note C-1-B Principal Balance, Note C-2-A Principal Balance and the Note C-2-B Principal Balance at the Note C 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 and any accrued and unpaid Accrued
Additional Interest on each respective C Note, (c) any other amounts due under the Mortgage Loan to the Note C 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 accrued and unpaid Advance Interest Amount with respect to an Advance made by or on behalf of any Note C
Holder, (e) (x) if a Borrower Party is the purchaser or (y) if the Mortgage Loan is purchased after ninety (90) days after
such option first becomes exercisable pursuant to Section 12 of this Agreement, any liquidation or workout fees
payable under the Servicing Agreement with respect to the Mortgage Loan or (z) if the Mortgage Loan is purchased more than
120 days after such option first becomes exercisable pursuant to Section 12 of this Agreement, any default interest on
each of the Note C-1-A Principal Balance, Note C-1-B Principal Balance, Note C-2-A Principal Balance and the Note C-2-B
Principal Balance at the Note C Default Rate from the date as to which interest was last paid in full by Mortgage Loan
Borrower, and (f) any Recovered Costs not reimbursed previously to a Note C Holder pursuant to this
Agreement. Notwithstanding the foregoing, if the purchasing Noteholder is purchasing from a Borrower Party Borrower Party,
the Defaulted Mortgage Loan Purchase Price shall not include the amounts described under clauses (iii)(c) 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 each C Note at the Note C 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.

 

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

 

    8

     

    

 

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

 

“EU Reporting
Administrator” shall have the meaning assigned to such term in Section 2(l).

 

“EU Reporting
Indemnified Party” shall have the meaning assigned to such term in Section 2(l).

 

“EU Reporting
Liability” shall have the meaning assigned to such term in Section 2(l).

 

“EU Reporting
Obligations” shall have the meaning assigned to such term in Section 2(l).

 

“EU Retention
Rules” shall mean the European Union legislation comprising Regulation (EU) 2017/2402.

 

“EU Transparency
Designee” shall have the meaning assigned to such term in Section 2(l).

 

“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.

 

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

 

“Independent”
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 Holders” shall mean, collectively, the Initial Note A-1-A Holder, the Initial Note A-1-B Holder, the Initial Note A-1-C
Holder, the Initial Note A-2-A Holder, the Initial Note A-2-B Holder and the Initial Note A-2-C Holder.

 

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

 

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

 

    9

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    10

     

    

 

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

 

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

 

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

 

“Initial Note
C Holders” shall mean, collectively, the Initial Note C-1-A Holder, the Initial Note C-1-B Holder, the Initial Note C-2-A
Holder and the Initial Note C-2-B Holder.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Initial Note D
Holders shall mean, collectively, the Initial Note D-1 Holder and the Initial Note D-2 Holder.

 

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

 

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

 

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

 

    11

     

    

 

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

 

“Initial Noteholders”
shall mean, collectively, the Initial Note A Holders, the Initial Note B Holders, the Initial Note C Holders and the Initial Note
D Holders.

 

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

 

“Insurance 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 mean (a) during the period from and after the Securitization Date and prior to the Note A-2-A Securitization Date, the
related first Note or portion thereof contributed to a Securitization, and (b) on and after the Note A-2-A Securitization
Date, the Note A-2-A Securitization.

 

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

 

“Lead Securitization
Note” shall mean (a) during the period from and after the first Securitization Date and prior to the Note A-2-A
Securitization Date, the related first Note or portion thereof contributed to a Securitization, and (b) on and after the Note
A-2-A Securitization Date, Note A-2-A; provided that if more than one Note is deposited into the Lead Securitization, then
all such Notes shall collectively constitute the “Lead Note” so long as all such Notes remain such Securitization.

 

    12

     

    

 

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

 

“Lead Securitization
Servicing Agreement” shall mean the (i) during the period from and after the first Securitization Date and prior
to the Note A-2-A Securitization Date, the related pooling and servicing agreement for the Securitization of the first Note or
portion thereof, and (ii) on and after the Note A-2-A Securitization Date, Note A-2-A PSA.

 

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

 

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

 

“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 Decisions”
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;

 

(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;

 

    13

     

    

 

(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
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 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;

 

    14

     

    

 

(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 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;

 

provided, however
that upon the occurrence and during the continuance of a Note B Control Appraisal Period, “Major Decision” shall
have the meaning given to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

 

“Master Servicer”
shall mean the master servicer appointed pursuant to 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 such term in the Mortgage Loan Agreement.

 

    15

     

    

 

“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.

 

“Mortgaged Property”
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 April 10, 2019, as amended by that certain Omnibus Amendment and
Note Severance and Splitter Agreement dated as of May 15, 2019, between the Mortgage Loan Borrower and Lender, as the same may
be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

 

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

 

“Mortgage Loan
Borrower Related Party” shall have the meaning assigned to such term in Section 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, the Note B Rate, the Note
C Rate and the Note D Rate.

 

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

 

“Mortgage Loan
Seller Sub-Servicer” shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

 

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

 

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

 

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

 

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

 

“Non-Controlling
A Noteholder” shall mean a Note A-1-A Holder, the Note A-1-B Holder, the Note A-1-C Holder, the Note A-2-A Holder, the
Note A-2-B Holder or the Note A-2-C Holder that is not the Controlling Noteholder.

 

    16

     

    

 

“Non-Controlling
Note” shall mean the respective Note held by a Non-Controlling Noteholder.

 

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

 

“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 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 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 the Lead Securitization Noteholder.

 

“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.

 

    17

     

    

 

“Non-Lead Securitization
Note” shall mean each of Note A-1-A, Note A-1-B, Note A-1-C, Note A-2-A, Note A-2-B and Note A-2-C other than the Lead
Securitization Note.

 

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

 

“Non-Lead Securitization
Servicing Agreement” shall mean from and after the date a Non-Lead Securitization 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
Subordinate Class Representative” shall mean the holders of the majority of the class of securities issued in a Non-Lead
Securitization designated as the “controlling class” pursuant to the related Non-Lead Securitization Servicing Agreement
or their duly appointed representative.

 

“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, 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 the then-current Non-Lead Securitization Noteholder (immediately prior to the related Non-Lead Securitization) in its
capacity as the sponsor with respect to the related Non-Lead Securitization 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).

 

“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.

 

    18

     

    

 

“Note”
shall mean each A Note, B Note, C Note and D Note.

 

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

 

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

 

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

 

“Note A Principal
Balance” shall mean, at any time of determination, the sum of the Note A-1-A Principal Balance, the Note A-1-B Principal
Balance, the Note A-1-C Principal Balance, the Note A-2-A Principal Balance, the Note A-2-B Principal Balance and the Note A-2-C
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-A”
shall have the meaning assigned to such term in the recitals.

 

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

 

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

 

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

 

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

 

“Note A-1-A
Securitization Date” shall mean the effective date on which the Securitization of Note A-1-A or portion thereof is consummated.

 

“Note A-1-A
Securitization Trust” shall mean a trust formed pursuant to the Note A-1-A Securitization pursuant to which Note
A-1-A is held.

 

    19

     

    

  

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

 

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

 

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

 

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

 

“Note A-1-B
Securitization” shall mean the sale by the Note A-1-B 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 portion of such Note as part of
a securitization of one or more mortgage loans.

 

“Note A-1-B
Securitization Trust” shall mean a trust formed pursuant to the Note A-1-B Securitization pursuant to which Note
A-1-B is held.

 

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

 

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

 

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

 

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

 

“Note A-1-C
Securitization” shall mean the sale by the Note A-1-C 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 portion of such Note as part of
a securitization of one or more mortgage loans.

 

“Note A-1-C
Securitization Trust” shall mean a trust formed pursuant to the Note A-1-C Securitization pursuant to which Note
A-1-C is held.

 

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

 

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

 

    20

     

    

 

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

 

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

 

“Note A-2-A
Securitization” shall mean the sale by the Note A-2-A 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 portion of such Note as part of
a securitization of one or more mortgage loans.

 

“Note A-2-A
Securitization Trust” shall mean a trust formed pursuant to Note A-2-A Securitization pursuant to which Note A-2-A
is held.

 

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

 

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

 

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

 

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

 

“Note A-2-B
Securitization” shall mean the sale by the Note A-2-B 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 portion of such Note as part of
a securitization of one or more mortgage loans.

 

“Note A-2-B
Securitization Trust” shall mean a trust formed pursuant to Note A-2-B Securitization pursuant to which Note A-2-B
is held.

 

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

 

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

 

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

 

    21

     

    

 

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

 

“Note A-2-C
Securitization” shall mean the sale by the Note A-2-C 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 portion of such Note as part of
a securitization of one or more mortgage loans.

 

“Note A-2-C
Securitization Trust” shall mean a trust formed pursuant to Note A-2-C Securitization pursuant to which Note A-2-C
is held.

 

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

 

(a)          
(1) the sum of the Initial Note B-1-A Principal Balance, the Initial Note B-1-B Principal Balance, the Initial Note B-2-A
Principal Balance and the Initial Note B-2-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, the B Notes after the date of creation
of the B Notes, (y) any Appraisal Reduction Amount for the Mortgage Loan that is allocated to the B Notes, and (z) any
losses realized with respect to the Mortgaged Property or the Mortgage Loan that are allocated to the B Notes, is less than

 

(b)          
25% of the remainder of (i) the sum of the Initial Note B-1-A Principal Balance, the Initial Note B-1-B Principal Balance,
the Initial Note B-2-A Principal Balance and the Initial Note B-2-B Principal Balance less (ii) any payments of principal (whether
as principal prepayments or otherwise) allocated to, and received by, the Note B Holders on the B Notes, after the date of creation
of the B Notes,

 

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

 

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

 

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

 

“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, the Note B Principal Balance, the Note C Principal Balance
and the Note D Principal Balance.

 

“Note B Principal
Balance” shall mean, at any time of determination, the sum of the Note B-1-A Principal Balance, the Note B-1-B Principal
Balance, the Note B-2-A Principal Balance and the Note B-2-B Principal Balance.

 

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

 

    22

     

    

 

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

 

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

 

“Note B-1-A
Holder” shall mean the Initial Note B-1-A Holder, and any successor in interest, or any subsequent holder of Note B-1-A.

 

“Note B-1-A
Principal Balance” shall mean, at any time of determination, the Initial Note B-1-A 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-1-B”
shall have the meaning assigned to such term in the recitals.

 

“Note B-1-B
Holder” shall mean the Initial Note B-1-B Holder, and any successor in interest, or any subsequent holder of Note B-1-B.

 

“Note B-1-B
Principal Balance” shall mean, at any time of determination, the Initial Note B-1-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-2-A”
shall have the meaning assigned to such term in the recitals.

 

“Note B-2-A
Holder” shall mean the Initial Note B-2-A Holder, and any successor in interest, or any subsequent holder of Note B-2-A.

 

“Note B-2-A
Principal Balance” shall mean, at any time of determination, the Initial Note B-2-A 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-2-B”
shall have the meaning assigned to such term in the recitals.

 

“Note B-2-B
Holder” shall mean the Initial Note B-2-B Holder, and any successor in interest, or any subsequent holder of Note B-2-B.

 

“Note B-2-B
Principal Balance” shall mean, at any time of determination, the Initial Note B-2-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 C Control
Appraisal Period” shall mean any period with respect to the Mortgage Loan, if and for so long as:

 

(a)          
(1) the sum of the Initial Note C-1-A Principal Balance, the Initial Note C-1-B Principal Balance, the Initial Note C-2-A
Principal Balance and the Initial Note C-2-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, the C Notes after the date of creation
of the C Notes, (y) any Appraisal Reduction Amount for the Mortgage Loan that is allocated to the C Notes and (z) any
losses realized with

 

    23

     

    

 

respect to the Mortgaged Property or the Mortgage Loan that are allocated to the C Notes, is less than

 

(b)             
25% of the remainder of (i) the sum of the Initial Note C-1-A Principal Balance, the Initial Note C-1-B Principal Balance,
the Initial Note C-2-A Principal Balance and the Initial Note C-2-B Principal Balance less (ii) any payments of principal (whether
as principal prepayments or otherwise) allocated to, and received by, the Note C Holders on the C Notes, after the date of creation
of the C Notes,

 

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

 

“Note C Default
Rate” shall mean a rate per annum equal to the Applicable Interest Rate applicable to the C Notes plus the Note
Default Interest Spread.

 

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

 

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

 

“Note C Principal
Balance” shall mean, at any time of determination, the sum of the Note C-1-A Principal Balance, the Note C-1-B Principal
Balance, the Note C-2-A Principal Balance and the Note C-2-B Principal Balance.

 

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

 

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

 

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

 

“Note C-1-A
Holder” shall mean the Initial Note C-1-A Holder, and any successor in interest, or any subsequent holder of the Note
C-1-A.

 

“Note C-1-A
Principal Balance” shall mean, at any time of determination, the Initial Note C-1-A 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 C-1-B”
shall have the meaning assigned to such term in the recitals.

 

“Note C-1-B
Holder” shall mean the Initial Note C-1-B Holder, and any successor in interest, or any subsequent holder of the Note
C-1-B.

 

    24

     

    

 

“Note C-1-B
Principal Balance” shall mean, at any time of determination, the Initial Note C-1-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 C-2-A”
shall have the meaning assigned to such term in the recitals.

 

“Note C-2-A
Holder” shall mean the Initial Note C-2-A Holder, and any successor in interest, or any subsequent holder of the Note
C-2-A.

 

“Note C-2-A
Principal Balance” shall mean, at any time of determination, the Initial Note C-2-A 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 C-2-B”
shall have the meaning assigned to such term in the recitals.

 

“Note C-2-B
Holder” shall mean the Initial Note C-2-B Holder, and any successor in interest, or any subsequent holder of the Note
C-2-B.

 

“Note C-2-B
Principal Balance” shall mean, at any time of determination, the Initial Note C-2-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 D Control
Appraisal Period” shall mean any period with respect to the Mortgage Loan, if and for so long as:

 

(a) (1) the sum of the Initial Note D-1 Principal Balance and the Initial Note D-2 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, the
D Notes after the date of creation of the D Notes, (y) any Appraisal Reduction Amount for the Mortgage Loan that is allocated
to the D Notes and (z) any losses realized with respect to the Mortgaged Property or the Mortgage Loan that are allocated
to the D Notes, is less than

 

(b) 25% of the remainder of (i) the sum of the Initial Note D-1 Principal Balance and the Initial Note D-2 Principal Balance
less (ii) any payments of principal (whether as principal prepayments or otherwise) allocated to, and received by, the Note D Holders
on the D Notes, after the date of creation of the D Notes,

 

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

 

“Note D Default
Rate” shall mean a rate per annum equal to the Applicable Interest Rate applicable to the D Notes plus the Note
Default Interest Spread.

 

“Note D Holders”
shall mean the Note D-1 Holder and the Note D-2 Holder.

 

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

 

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the sum of the Note A Principal Balance, the Note B Principal Balance, the Note C Principal
Balance and the Note D Principal Balance.

 

“Note D Principal
Balance” shall mean, at any time of determination, the sum of the Note D-1 Principal Balance and the Note D-2 Principal
Balance.

 

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

 

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

 

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

 

“Note D-1 Holder”
shall mean the Initial Note D-1 Holder, and any successor in interest, or any subsequent holder of the Note D-1.

 

“Note D-1 Principal
Balance” shall mean, at any time of determination, the Initial Note D-1 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 D-2”
shall have the meaning assigned to such term in the recitals.

 

“Note D-2 Holder”
shall mean the Initial Note D-2 Holder, and any successor in interest, or any subsequent holder of the Note D-2.

 

“Note D-2 Principal
Balance” shall mean, at any time of determination, the Initial Note D-2 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 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 or (ii) five percent (5%) above the Applicable Interest Rate applicable to such
Note.

 

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

 

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

 

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

 

“Noteholder”
shall mean any of the Note A Holders, the Note B Holders, the Note C Holders and the Note D Holders, as applicable.

 

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

 

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

 

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“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 Note 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 $250,000,000 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-A Principal Balance, the Note A-1-B Principal Balance, the Note A-1-C Principal Balance, the Note
A-2-A Principal Balance, the Note A-2-B Principal Balance, the Note A-2-C Principal Balance, the Note B-1-A Principal Balance,
the Note B-1-B Principal Balance, the Note B-2-A Principal Balance, the Note B-2-B Principal Balance, the Note C-1-A Principal
Balance, the Note C-1-B Principal Balance, the Note C-2-A Principal Balance, the Note C-2-B Principal Balance, the Note D-1 Principal
Balance and the Note D-2 Principal Balance, as applicable.

 

“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, or

 

(b) one or more of the following:

 

(i)         a
real estate investment bank, an 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

 

    27

     

    

 

(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 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), or

 

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

 

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(vi)       a
Person that is otherwise a Qualified Institutional Lender but is acting in an agency capacity for a syndicate of lenders where
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; or

 

(d) Prima
Capital Advisors LLC, Prima Mortgage Investment Trust, LLC, New York State Teachers’ Retirement System, and any other Person
for so long as such Person’s investment in the applicable Notes is managed by Prima Capital Advisors LLC (a “Prima
Managed Person”);

 

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 (b)(iv)(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.

 

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).

 

“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 Non-Lead Depositor to rate the securities issued in connection with the
Securitization of Note A-1-A, Note A-1-B, Note A-1-C, Note A-2-A, Note A-2-B or Note A-2-C, respectively; provided, however,
that, at any time during which any of Note

 

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A-1-A is an asset of the Note A-1-A Securitization, Note A-1-B is an asset of the Note
A-1-B Securitization, Note A-1-C is an asset of the Note A-1-C Securitization, Note A-2-A is an asset of the Note A-2-A Securitization,
Note A-2-B is an asset of the Note A-2-B Securitization or Note A-2-C is an asset of the Note A-2-C Securitization, “Rating
Agencies” or “Rating Agency” shall mean with respect to Note A-1-A, Note A-1-B, Note A-1-C, Note A-2-A, Note
A-2-B or Note A-2-C 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 the Note A-1-A Securitization, Note A-1-B Securitization, Note A-1-C Securitization,
Note A-2-A Securitization, Note A-2-B Securitization or Note A-2-C Securitization but excluding any of those rating agencies that
do not rate any securities issued in connection with any Securitization of Note A-1-A, Note A-1-B, Note A-1-C, Note A-2-A, Note
A-2-B or Note A-2-C.

 

“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, Note B Relative Spread, Note C Relative Spread or Note D 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 applicable proposed
regulations) and rulings promulgated thereunder, as the foregoing may be in effect from time to time.

 

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

 

“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

 

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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
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

 

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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 the Note A-1-A Holder, the Note A-1-B Holder, the Note A-1-C Holder, the Note A-2-A Holder, the
Note A-2-B Holder or the Note A-2-C Holder of all or a portion of such Note to a depositor, who will in turn include such portion
of such Note as part of a securitization of one or more mortgage loans.

 

“Securitization
Date” shall mean the effective date on which the Securitization of Note A-1-A, Note A-1-B, Note A-1-C, Note A-2-A, Note
A-2-B or Note A-2-C or portion thereof is consummated.

 

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

 

“Securitization
Trust” shall mean a trust formed pursuant to a Securitization pursuant to which Note A-1-A, Note A-1-B, Note A-1-C, Note
A-2-A, Note A-2-B or Note A-2-C 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 Holders, the Note C Holders or the Note D Holders in accordance with
Section 11) and shall not be deemed to exist to the extent the Note B Holders, the Note C Holders or the Note D Holders
are exercising their cure rights under Section 11 or the default that led to the occurrence of such Sequential Pay Event
has otherwise been cured or waived.

 

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

 

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“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 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” with respect to any Note shall be the per annum rate at which primary servicing fees are payable in
respect of such Note (but in no event shall the aggregate Servicing Fee Rate payable in respect of the Mortgage Loan be in excess of 0.010% per annum) 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. The parties hereto hereby agree
that Situs Holdings, LLC will be appointed as the initial Special Servicer for the Mortgage Loan under the Note A-2-A Securitization.

 

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

 

“Subordinate
Note” shall mean each B Note, C Note and D Note.

 

“Subordinate
Noteholder” shall mean each of the Note B Holders, the Note C Holders and the Note D Holders.

 

“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).

 

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

 

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

 

“Undeveloped
Certificate Administrator Information/Data” shall mean, with respect to the Certificate Administrator, information or
data (other than attorney-client privileged information) that, at the time of any request for information or data, (a) is in the
possession of the Certificate Administrator and (b) has been provided to the Certificate Administrator by another Person, with
(i) (x) no obligation to conduct or perform any Activity or Activities, (y) no obligation to request, direct or instruct any other
Person (and no obligation on the part of any other Person) to conduct or perform any Activity or Activities and (z) no obligation
to verify any Activity or Activities performed by any other Person, and (ii) if for any reason such information or data itself
consists in whole or in part of the results of any Activity or Activities on the part of another Person (it being acknowledged
that this shall not be construed to require any Person to perform any Activity or Activities to determine whether the information
or data includes the results of any Activity or Activities on the part of another Person), (x) no obligation to conduct or perform
any further or additional any Activity or Activities, (y) no obligation to request, direct or instruct any other Person to conduct
or perform any further or additional any Activity or Activities and (z) no obligation to verify any Activity or Activities performed
by any other Person.

 

“Undeveloped
Servicer Information/Data” shall mean, with respect to the Master Servicer, a Mortgage Loan Seller Sub-Servicer or the
Special Servicer, as the case may be, information and data (other than attorney-client privileged information and other than information
relating to a workout or resolution strategy or plan for a Specially Serviced Loan) that, at the time of any request for information
or data, (a) relates to the Mortgage Loan or the Mortgaged Property, (b) is in the possession of such Master Servicer, Initial
Sub-Servicer or Special Servicer, as the case may be, and (c) has been provided to such Master Servicer, Initial Sub-Servicer
or Special Servicer, as the case may be, by or on behalf of the Borrower, property manager or lender. With respect to such Undeveloped
Servicer Information/Data, there shall be (i) no obligation on the part of such Master Servicer, Initial Sub-Servicer
or Special Servicer, as the case may be, to (x) conduct or perform any Activity or Activities, (y) request, direct or
instruct any other Person (and no obligation on the part of any other Person) to conduct or perform any Activity or Activities
or (z) verify any Activity or Activities performed by any other Person, and (ii) if for any reason such information or data
itself consists in whole or in part of the results of any Activity or Activities on the part of another Person (it being acknowledged
that this shall not be construed to require any Person to perform any Activity or Activities to determine whether the information
or data includes the results of any Activity or Activities on the part of another Person), no obligation on the part of such Master
Servicer, Initial Sub-Servicer or Special Servicer, as the case may be, to (x) conduct or perform any further or additional
any Activity or Activities, (y) request, direct or instruct any other Person to conduct or perform any further or additional
any Activity or Activities or (z) verify any Activity or Activities performed by any other Person.

 

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“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-2-A
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 another Noteholder (including, in particular, the Note A-1-A Holder, the Note A-1-B
Holder, the Note A-1-C Holder, the Note A-2-A Holder, the Note A-2-B Holder and the Note A-2-C Holder) 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 enforcing the rights of one Noteholder against any other Noteholder; however, this
statement shall

 

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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 any Subordinate Noteholder 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 such Subordinate Noteholder
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 Note B Control
Appraisal Period.

 

(c)          
In no event may the Servicing Agreement change the interest allocable to, or the amount of any payments due to, any
Subordinate Noteholder or materially increase any Subordinate Noteholder’s obligations or materially decrease any Subordinate
Noteholder’s rights, remedies or protections hereunder or otherwise adversely affect any Subordinate Noteholder’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 Note, 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 each of the Collection Account and the Companion
Distribution 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 and Companion Distribution 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 Securitization
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 Securitization 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 related Non-Lead Securitization
Noteholder (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

 

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Securitization for its pro rata share of such Nonrecoverable
Property Protection Advance or Advance Interest Amounts.

 

In addition, each Non-Lead
Securitization Noteholder (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
Noteholder’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 or Companion Distribution
Account that are allocated to the related Non-Lead Securitization Note are insufficient for reimbursement of such amounts (which
such reimbursement shall be made, if a Non-Lead Securitization 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 Noteholder 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 amounts on deposit in the Collection Account or Companion Distribution
Account that are allocated to the related Non-Lead Securitization Note are insufficient for reimbursement of such amounts, such
Non-Lead Securitization Noteholder 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 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 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

 

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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 Securitization Note based on the information that they have on hand and in accordance with the related
Non-Lead Securitization Servicing Agreement. The Master Servicer and the Trustee, as applicable, and 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 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 such Non-Lead Trustee (as provided in the related
Non-Lead Securitization Servicing Agreement, in the case of a determination of non-recoverability by the Non-Lead Master Servicer,
the Non-Lead Special Servicer or the Non-Lead Trustee) shall notify the Master Servicer and the Trustee, or such Non-Lead Master
Servicer and 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
(in the case of the Lead Securitization Note) or the Companion Distribution Account (in the case of a Non-Lead Securitization Note)
from amounts allocable to the Note for which such P&I Advance was made, and then, if funds are insufficient, (i) in the case
of the Lead Securitization Note, from general collections of the Lead Securitization Trust, pursuant to the terms of the Lead Securitization
Servicing Agreement and (ii) in the case of a Non-Lead Securitization Note, from general collections of the related Non-Lead Securitization
Trust, as and to the extent provided in 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
Non-Lead Securitization Noteholders) on the 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, 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 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;

 

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(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 named as the Special Servicer for the Mortgage Loan
by the earlier of (x) the closing of the Note A-2-A Securitization 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 each Securitization;

 

(vi)        
the Master Servicer or Trustee shall be required to provide written notice to the Non-Lead Master Servicer and the 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 the 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 Non-Lead Securitization Note pursuant to Section 3
or 4, net of the servicing fees payable to the Master Servicer and Special Servicer with respect to such Non-Lead Securitization
Note, and any other applicable fees and reimbursements payable to the Master Servicer, the Special Servicer and the Trustee, to
the Non-Lead Securitization Noteholder by the earlier of (x) the Remittance Date and (y) the Business Day following the “determination
date” (or any term substantially similar thereto) as defined in the Non-Lead Securitization Servicing Agreement (such determination
date, the “Non-Lead Securitization Determination Date”), in each case as long as the date on which remittance
is required under this clause (viii) is at least one (1) Business Day after the scheduled monthly payment date under the
Mortgage Loan Agreement, provided, that any late collections received by the Master Servicer after the related due date under the
Mortgage Loan shall be remitted by the Master Servicer in accordance with Section 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

 

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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,
the Non-Lead Note, the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee, by the earlier of (x)
the 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 X (or any article 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 X (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

 

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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 (i) and (ii), 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, permit a holder of the Non-Lead Securitization 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 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 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 of the Non-Lead Sponsor), and (c) in connection with any amendment of the Lead Securitization Servicing 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

 

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Depositor
under Article X (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 X (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
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 two (2) Business Days of receipt of properly identified funds;
provided, however, that in the event the Master Servicer 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 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 one (1) Business Day after the date such
deposit was to be made, or the failure to remit to the Master Servicer for deposit into the Collection Account or the related Companion
Distribution 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) 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,

 

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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 (iv) the failure to provide
to a Non-Lead Securitization Noteholder (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 any 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 a Non-Lead Noteholder, terminate the Special Servicer with respect to, but only with respect to, the Mortgage Loan;

 

(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 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

 

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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 Noteholder 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 Noteholder 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 Noteholder’s pro rata share of any such Nonrecoverable Property Protection Advances (together
with advance interest thereon) and/or other 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),
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 Noteholder’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

 

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Items
to the extent of its pro rata share of such Indemnified Items and, to the extent amounts on deposit in the Companion Distribution
Account that are allocated to the Non-Lead Securitization 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 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 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 the Note A-1-B Holder, the Note
A-1-C Holder, the Note A-2-A Holder, the Note A-2-B Holder or the Note A-2-C Holder, as applicable, as a “Non-Controlling
Noteholder” or “Non-Controlling A Noteholder” 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 the Note A-1-B Holder, the Note A-1-C Holder, the Note A-2-A
Holder, the Note A-2-B Holder or the Note A-2-C Holder, as applicable, as a “Non-Controlling Noteholder” or “Non-Controlling
A Noteholder” under this Agreement (together with the relevant contact information) (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 Noteholder 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 Noteholder 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

 

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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 Noteholder 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 Noteholder) notice of the closing of the Non-Lead Securitization, in writing (which may
be by email) prior to or promptly following the 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 that the Lead Securitization Note is no longer subject to the provisions of the
Servicing Agreement, the Lead Securitization Noteholder 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 Noteholders and each
Subordinate Noteholder, in substance, to those in the Servicing Agreement and all references herein to the “Servicing Agreement”
shall mean such subsequent servicing agreement; provided, however, that if a Non-Lead Securitization 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

 

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securities issued in connection with any Securitization of any of
Note A-1-A, Note A-1-B, Note A-1-C, Note A-2-A, Note A-2-B or Note A-2-C, 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).

 

(l)          
The Lead Securitization Noteholder shall cause the Lead Securitization Servicing Agreement to include provisions to the
effect that, at any time when a Non-Lead Note is included in a Securitization, for so long any Person (such a Person, with respect
to such Securitization, the “EU Transparency Designee”) is an “originator, sponsor [or] SSPE” (as
such terms are defined in the EU Retention Rules) and has transparency and reporting obligations or conditions imposed by the EU
Retention Rules or otherwise under applicable law in connection with such Securitization (“EU Reporting Obligations”)
(and each of the Master Servicer, the Special Servicer, any applicable Sub-Servicer, and the Certificate Administrator shall
be entitled to assume the existence of the circumstances described in this lead-in clause upon any related requests by or on
behalf of the EU Transparency Designee or the EU Reporting Administrator):

 

(i)          
each of the Master Servicer and the Certificate Administrator, as applicable, will make available to the vendor, if any,
designated by the EU Transparency Designee (such vendor, the EU Reporting Administrator”) and the EU Transparency
Designee, the U.S. CREFC® Investor Reporting Package and, subject to the Lead Securitization Servicing Agreement, access to
such parties’ website, if any, relating to this Agreement or the securitizations effected hereby;

 

(ii)          
each of the Master Servicer, the Special Servicer and the Certificate Administrator, as applicable, shall use reasonable
efforts to deliver or make available to the EU Reporting Administrator and the EU Transparency Designee such additional information
and data as may be reasonably requested by the EU Reporting Administrator or the EU Transparency Designee in good faith and such
request for such information and data shall include the following: (A) the specific name of (or, if not known, the type of (using
customary references)) report, data, information, analysis, communication, agreement, document, or instrument being sought and
(B) reference to each applicable loan, borrower or related party, lender, and property (each, an “Additional Data Request”),
in each case within a reasonable period following the receipt of such Additional Data Request; provided that such obligation shall
be subject to all of the following terms and conditions:

 

(A)      
the Master Servicer, any Mortgage Loan Seller Sub-Servicer or the Special Servicer, as the case may be, shall have no obligation
to deliver or make available information or data other than Undeveloped Servicer Information/Data and the Certificate Administrator
shall have no obligation to deliver or make available information or data other than Undeveloped Certificate Administrator Information/Data;

 

(B)       
prior to such Additional Data Request, the EU Reporting Administrator and the EU Transparency Designee shall have reviewed
all

 

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information and data it received from each of the Master Servicer, the Special Servicer and the Certificate Administrator or
has access to via such party’s website (or as a Privileged Person);

 

(C)        the Master Servicer, any Mortgage Loan Seller Sub-Servicer, the Special Servicer or the Certificate Administrator, as the
case may be, shall have no obligation to deliver or make available information or data that is contained within the information
and data so received, or previously received, by or made available to the EU Reporting Administrator and the EU Transparency Designee,
or either of them, as described in the preceding clause (B) (including any information or data included in any U.S. CREFC®
Investor Reporting Package previously delivered or made available);

 

(D)      
the EU Reporting Administrator or the EU Transparency Designee has reasonably determined it needs the requested information
and data for the purposes of compliance with EU Reporting Obligations;

 

(E)       
the Master Servicer, any Mortgage Loan Seller Sub-Servicer or the Special Servicer , as the case may be, shall have no obligation
to deliver or make available information or data other than asset-level Undeveloped Servicer Information/Data, in each case relating
to the securitization(s) effected hereby and the Serviced Mortgage Loans and the Serviced Whole Loans (including Undeveloped Servicer
Information/Data relating to the Borrowers or the Mortgaged Properties), and the Certificate Administrator shall have no obligation
to deliver or make available information or data other than bond-level Undeveloped Certificate Administrator Information/Data relating
to the securitization(s) effected hereby and the Mortgage Loans and the Whole Loans (including Undeveloped Certificate Administrator
Information/Data relating to the Borrowers or the Mortgaged Properties);

 

(F)       
the Master Servicer, any Mortgage Loan Seller Sub-Servicer, the Special Servicer or the Certificate Administrator, as the
case may be, shall have no obligation to respond to more than one Additional Data Request made to such Person by the EU Reporting
Administrator and the EU Transparency Designee, or either of them, per reporting period under the EU Retention Rules;

 

(G)        the Person responsible for delivering or making available such Undeveloped Servicer Information/Data or Undeveloped Certificate
Administrator Information/Data shall be entitled in each case to elect in its sole discretion between delivering such Undeveloped
Servicer Information/Data or Undeveloped Certificate Administrator Information/Data, as the case may be, on the one hand, or making
available such Undeveloped Servicer Information/Data or Undeveloped Certificate Administrator Information/Data, as the case may
be, on the other hand; and

 

(H)        the EU Transparency Designee shall have previously satisfied the condition regarding indemnification set forth in Section
2(l)(v) below.

 

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(iii)              
with respect to each Mortgage Loan if there is a Sub-Servicer, the Master Servicer shall use reasonable efforts to cause
such Sub-Servicer to provide to the EU Reporting Administrator and the EU Transparency Designee access to such Sub-Servicer’s
website in order for the Master Servicer to comply with its obligations under this Section 2(l).

 

(iv)              
for the purposes of clause (ii)(D) above, the Master Servicer, the Special Servicer and the Certificate Administrator (and
each Mortgage Loan Seller Sub-Servicer) shall be entitled to conclusively assume, and rely upon the determination (without any
independent investigation, diligence or otherwise), that each Additional Data Request is necessary for compliance with the EU Reporting
Obligations;

 

(v)               
the Lead Securitization Servicing Agreement may provide that it shall be a condition to the obligations of each of the Master
Servicer, any Mortgage Loan Seller Sub-Servicer for the Mortgage Loan, the Special Servicer and the Certificate Administrator otherwise
set forth above that the EU Transparency Designee shall have caused to be executed and delivered to the Master Servicer, any relevant
Mortgage Loan Seller Sub-Servicer, the Special Servicer and the Certificate Administrator an undertaking (by an entity reasonably
acceptable to the Master Servicer, the Special Servicer, the Certificate Administrator and any relevant Mortgage Loan Seller Sub-Servicer)
to (A) indemnify and hold harmless the Master Servicer, the Special Servicer, the Certificate Administrator (and any relevant Mortgage
Loan Seller Sub-Servicer) and their respective officers, directors, shareholders, members, managers, employees, agents, affiliates
and controlling persons (each, an “EU Reporting Indemnified Party”), from and against any and all losses, liabilities,
damages, claims, judgments, costs, fees, penalties, fines, forfeitures or other expenses (including reasonable legal fees, expenses,
disbursements and costs of enforcement), as incurred, which any such EU Reporting Indemnified Party incurs or to which any such
EU Reporting Indemnified Party may become subject pursuant to an action or claim, insofar as the same arise out of or are based,
in whole or in part, upon the EU Reporting Obligations and (B) reimburse each EU Reporting Indemnified Party for any and all expenses
(including, without limitation, the fees, expenses, costs and disbursements of counsel) as reasonably incurred in investigating,
preparing for or defending against any such action or claim, to the extent that any such expenses are not paid under clause (A)
above (in the case of both clauses (A) and (B) above, collectively, “EU Reporting Liabilities”); provided that
no holding harmless or indemnification shall be required to the extent that the relevant EU Reporting Liability arises out of such
EU Reporting Indemnified Party’s willful misconduct, fraud or gross negligence in the performance of its obligations under
this Section 2(l) or its grossly negligent disregard of its obligations under this Section 2(l); and provided, further,
that such EU Transparency Designee will be deemed to have satisfied the condition set forth in this clause (v) with respect to
the Master Servicer, any Mortgage Loan Seller Sub-Servicer, the Special Servicer or the Certificate Administrator, as the case
may be, if such EU Transparency Designee causes the execution and delivery, to or for the benefit of the Master Servicer, any Mortgage
Loan Seller Sub-Servicer, the Special Servicer or the Certificate Administrator, as the case may be, an indemnification agreement
the form and substance of which and the obligor under which are acceptable to such Person in its sole discretion as evidenced by
such Person’s execution

 

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thereof or consent thereto as a beneficiary. No such losses, claims or liabilities shall be paid
or reimbursed from the assets of the Lead Securitization; and

 

(vi)              
the EU Transparency Designee shall notify the Master Servicer, each relevant Mortgage Loan Seller Sub-Servicer, the Special
Servicer and the Certificate Administrator in writing of any termination or resignation of the EU Reporting Administrator and the
appointment of any replacement or successor EU Reporting Administrator and, at any time after the effective date of a termination
or resignation of the EU Reporting Administrator and before the effective date of the appointment of a replacement or successor
EU Reporting Administrator, references to the EU Reporting Administrator in this Section 2(l) shall be deemed to refer to
the EU Transparency Designee; provided, however, that the Master Servicer shall furnish the then-current notice addresses
for the relevant Mortgage Loan Seller Sub-Servicer (as set forth in the related Sub-Servicing Agreements or as later received by
the Master Servicer) within three (3) Business Days following request therefor by the EU Transparency Designee and the EU Transparency
Designee shall be entitled to rely on such notice addresses so furnished to it for the purpose of such notice by the EU Transparency
Designee to each relevant Mortgage Loan Seller Sub-Servicer under this clause (vi).

 

Notwithstanding anything
to the contrary in this Agreement, none of the Master Servicer, the Special Servicer or the Certificate Administrator (nor any
Sub-Servicer) shall have any reporting or other similar obligations in connection with the EU Transparency Designee’s compliance
with the EU Reporting Obligations except for the obligations expressly set forth above in this Section 2(l).

 

In addition, the Lead
Securitization Noteholder shall cause the Lead Securitization Servicing Agreement to designate the EU Transparency Designee and
the EU Reporting Administrator as Privileged Persons, subject to the execution and delivery of a reasonable agreement restricting
the use of information made available to such Persons that is unrelated to the Mortgage Loan, and to designate as Privileged Persons
one or more authorities identified by the EU Transparency Designee.

 

(m)            
The parties hereto hereby agree that Midland Loan Services, a Division of PNC Bank, National Association, will be appointed
as the initial primary servicer for the Mortgage Loan.

 

Section 3.         Subordination of the Subordinate Notes; Payments Prior to a Sequential Pay Event. The Subordinate Notes and the rights
of the Subordinate Noteholders to receive payments of interest, principal and other amounts with respect to such Subordinate Notes
shall at all times be junior, subject and subordinate to the A Notes and the respective rights of the Note A Holders to receive
payments of interest, principal and other amounts with respect to such A Notes as and to the extent set forth herein. The C Notes
and the rights of the Note C Holders to receive payments of interest, principal and other amounts with respect to such C Notes
shall at all times be junior, subject and subordinate to the A Notes and the B Notes and the respective rights of the Note A Holders
and the Note B Holders to receive payments of interest, principal and other amounts with respect to such A Notes and B Notes as
and to the extent set forth herein. The D Notes and the rights of the Note D Holders to receive payments of interest, principal
and other

 

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amounts with respect to such D Notes shall at all times be junior, subject and subordinate to the A Notes, the B Notes
and the C Notes and the respective rights of the Note A Holders, the Note B Holders and the Note C Holders to receive payments
of interest, principal and other amounts with respect to such A Notes, B Notes and C 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 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 by
each of the Note A Holders to such parties out of distributions made to them in respect of the A Notes), with respect to the Mortgage
Loan pursuant to the Servicing Agreement (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 each Note A Holder, pro rata (based on their respective entitlements to interest) in an amount equal
to the accrued and unpaid interest on the Principal Balance of such A Note at the Net Note A Rate;

 

(b)              
second, to each Note B Holder, pro rata (based on their respective entitlements to interest) in an amount
equal to the accrued and unpaid interest on the Principal Balance of such B Note, respectively, at the Net Note B Rate;

 

(c)               
third, to each Note C Holder, pro rata (based on their respective entitlements to interest) in an amount equal
to the accrued and unpaid interest on the Principal Balance of such C Note, respectively, at the Net Note C Rate;

 

(d)               
fourth, to each Note D Holder, pro rata (based on their respective entitlements to interest) in an amount
equal to the accrued and unpaid interest on the Principal Balance of such D Note, respectively, at the Net Note D Rate;

 

(e)               
fifth, to each Note A Holder, pro rata (based on the Principal Balances of such A Notes) in an aggregate amount
equal to all principal payments (including amounts allocable as principal to the A Notes under the Mortgage Loan Agreement after
the Anticipated Repayment Date) 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

 

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Mortgage Loan and payable to the Noteholders,
until the respective Principal Balances of the A Notes have been reduced to zero;

 

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

 

(g)               
seventh, 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)-(f) and, as a result of a Workout the aggregate
Principal Balance of A Notes has been reduced, such excess amount shall be paid to the Note A Holders pro rata (based on
the Principal Balances of such A Notes) in an aggregate amount up to the amount of such reduction, if any, of the Principal Balance
of each A Note as a result of such Workout, plus interest on such aggregate amount at the related Note A Rate from the date of
such reduction to the date of the receipt of such proceeds;

 

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

 

(i)                
ninth, to each Note B Holder, pro rata (based on the Principal Balances of such B Notes) in an aggregate amount
equal to all principal payments (including amounts allocable as principal to the B Notes under the Mortgage Loan Agreement after
the Anticipated Repayment Date) 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 allocation in clause (e) above, until the respective Principal Balances of the B Notes
have been reduced to zero;

 

(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 aggregate
Principal Balance of B Notes has been reduced, such excess amount shall be paid to each Note B Holder pro rata (based on
the Principal Balances of such B Notes) in an aggregate amount up to the amount of such reduction, if any, of the Principal Balance
of each B Note as a result of such Workout, plus interest on such aggregate amount at the related Note B Rate from the date of
such reduction to the date of the receipt of such proceeds;

 

(k)               
eleventh, to the extent the a Note C Holder has made any payments or advances to cure defaults pursuant to Section
11, to reimburse such Note C Holder for all such cure payments;

 

(l)                 
twelfth, to each Note C Holder, pro rata (based on the Principal Balances of such C Notes) in an aggregate
amount equal to all principal payments (including amounts

 

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allocable as principal to the C Notes under the Mortgage Loan Agreement
after the Anticipated Repayment Date) 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 allocation in clause (e) and clause (i) above, until the respective Principal
Balances of the C Notes have been reduced to zero;

 

(m)              
thirteenth, 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)-(l) and, as a result of a Workout the aggregate
Principal Balance of C Notes has been reduced, such excess amount shall be paid to each Note C Holder pro rata (based on
the Principal Balances of such C Notes) in an aggregate amount up to the amount of such reduction, if any, of the Principal Balance
of each C Note as a result of such Workout, plus interest on such aggregate amount at the related Note C Rate from the date of
such reduction to the date of the receipt of such proceeds;

 

(n)              
fourteenth, to the extent the a Note D Holder has made any payments or advances to cure defaults pursuant to Section
11, to reimburse such Note D Holder for all such cure payments;

 

(o)              
fifteenth, to each Note D Holder, pro rata (based on the Principal Balances of such D Notes) in an aggregate
amount equal to all principal payments (including amounts allocable to principal on the D Notes under the Mortgage Loan Agreement
after the Anticipated Repayment Date) 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 allocation in clause (e), clause (i) and clause (l) above, until the
respective Principal Balances of the D Notes have been reduced to zero;

 

(p)              
sixteenth, 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)-(o) and, as a result of a Workout the aggregate
Principal Balance of D Notes has been reduced, such excess amount shall be paid to each Note D Holder pro rata (based on
the Principal Balances of such D Notes) in an aggregate amount up to the amount of such reduction, if any, of the Principal Balance
of each D Note as a result of such Workout, plus interest on such aggregate amount at the related Note D Rate from the date of
such reduction to the date of the receipt of such proceeds;

 

(q)              
seventeenth, to each Note A Holder, pro rata (based on their respective entitlements to interest) in an amount
equal to the accrued and unpaid Accrued Additional Interest on such A Note;

 

(r)               
eighteenth, to each Note B Holder, pro rata (based on their respective entitlements to interest) in an amount
equal to the accrued and unpaid Accrued Additional Interest on such B Note;

 

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(s)               
nineteenth, to each Note C Holder, pro rata (based on their respective entitlements to interest) in an amount
equal to the accrued and unpaid Accrued Additional Interest on such C Note;

 

(t)                
twentieth, to each Note D Holder, pro rata (based on their respective entitlements to interest) in an amount
equal to the accrued and unpaid Accrued Additional Interest on such D Note;

 

(u)              
twenty-first, to each Note A Holder, pro rata (based on the Principal Balances of such A Notes) 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;

 

(v)              
twenty-second, to each Note B Holder, pro rata (based on the Principal Balances of such B Notes) in an aggregate
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;

 

(w)             
twenty-third, to each Note C Holder, pro rata (based on the Principal Balances of such C Notes) in an aggregate
amount equal to the product of (i) the Note C Percentage Interest multiplied by (ii) the Note C Relative Spread and (iii) any Prepayment
Premium to the extent paid by the Mortgage Loan Borrower;

 

(x)              
twenty-fourth, to each Note D Holder, pro rata (based on the Principal Balances of such D Notes) in an aggregate
amount equal to the product of (i) the Note D Percentage Interest multiplied by (ii) the Note D Relative Spread and (iii) any Prepayment
Premium to the extent paid by the Mortgage Loan Borrower;

 

(y)              
twenty-fifth, 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, the Note B Holders, the Note C Holders and the Note D Holders in
accordance with the Note A Percentage Interest, the Note B Percentage Interest, the Note C Percentage Interest and the Note D Percentage
Interest, respectively, with the amount distributed to the Note A Holders to be allocated among the Note A Holders pro rata
based on the respective Principal Balances of such A Notes, with the amount distributed to the Note B Holders to be allocated between
the Note B Holders pro rata based on the respective Principal Balances of such B Notes, with the amount distributed to the
Note C Holders to be allocated between the Note C Holders pro rata based on the respective Principal Balances of such C
Notes, and with the amount distributed to the Note D Holders to be allocated between the Note D Holders pro rata based on
the respective Principal Balances of such D Notes; and

 

(z)               
twenty-sixth, if any excess amount, including, without limitation, any Default Interest, is available to be distributed
in respect of the Mortgage Loan, and not otherwise

 

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applied in accordance with the foregoing clauses (a)-(y), any remaining amount
shall, if not otherwise subject to allocation pursuant to the terms of the Servicing Agreement, be paid pro rata to the
Note A Holders, the Note B Holders, the Note C Holders and the Note D Holders in accordance with the initial Note A Percentage
Interest, the initial Note B Percentage Interest, the initial Note C Percentage Interest and the initial Note D Percentage Interest,
respectively, with the amount distributed to the Note A Holders to be allocated among the Note A Holders pro rata based
on the respective Principal Balances of such A Notes, with the amount distributed to the Note B Holders to be allocated between
the Note B Holders pro rata based on the respective Principal Balances of such B Notes, with the amount distributed to the
Note C Holders to be allocated between the Note C Holders pro rata based on the respective Principal Balances of such C
Notes, and with the amount distributed to the Note D Holders to be allocated between the Note D Holders pro rata based on
the respective Principal Balances of such D Notes.

 

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 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 each Note A Holder, pro rata (based on their respective entitlements to interest) in an amount equal
to the accrued and unpaid interest on the Principal Balance of such A Note at the Net Note A Rate;

 

(b)              
second, to each Note A Holder, pro rata (based on the Principal Balances of such A Notes), until the respective
Principal Balances of the A Notes have been reduced to zero;

 

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

 

(d)              
fourth, to each Note A Holder, pro rata (based on the on the Principal Balances of such A Notes) in an aggregate
amount equal to the product of (i) the Note A Percentage

 

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Interest multiplied by (ii) the Note A Relative Spread, and (iii) any
Prepayment Premium to the extent paid by the Mortgage Loan Borrower;

 

(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 A Notes has been reduced, such excess amount shall be paid to the Note A Holders pro rata (based on
the Principal Balances of such A Notes) in an aggregate amount up to the amount of such reduction, if any, of the Principal Balance
of each A Note as a result of such Workout, plus interest on such aggregate amount at the related Note A Rate from the date of
such reduction to the date of the receipt of such proceeds;

 

(f)               
sixth, to the extent a Note B Holder has made any payments or advances to cure defaults pursuant to Section 11,
to reimburse such Note B Holder for all such cure payments; and to each Note B Holder in the amount of any other unreimbursed reasonable
out-of-pocket costs and expenses paid or incurred by such Note B Holder, in each case to the extent reimbursable by, but not previously
reimbursed by, the Mortgage Loan Borrower;

 

(g)              
seventh, to each Note B Holder, pro rata (based on their respective entitlements to interest) in an amount
equal to the accrued and unpaid interest on the Principal Balance of such B Note, respectively, at the Net Note B Rate;

 

(h)              
eighth, to each Note B Holder, pro rata (based on the Principal Balances of such B Notes), until the respective
Principal Balances of the B Notes have been reduced to zero;

 

(i)                
ninth, to each Note B Holder, pro rata (based on the Principal Balances of such B Notes) in an aggregate 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 aggregate
Principal Balance of B Notes has been reduced, such excess amount shall be paid to each Note B Holder pro rata (based on
the Principal Balances of such B Notes) in an aggregate amount up to the amount of such reduction, if any, of the Principal Balance
of each B Note as a result of such Workout, plus interest on such aggregate amount at the related Note B Rate from the date of
such reduction to the date of the receipt of such proceeds;

 

(k)              
eleventh, to the extent a Note C Holder have made any payments or advances to cure defaults pursuant to Section
11, to reimburse such Note C Holder for all such cure payments; and to each Note C Holder in the amount of any other unreimbursed
reasonable out-of-pocket costs and expenses paid or incurred by such Note C Holder, in each case to the extent reimbursable by,
but not previously reimbursed by, the Mortgage Loan Borrower;

 

(l)                
twelfth, to each Note C Holder, pro rata (based on their respective entitlements to interest) in an equal
to the accrued and unpaid interest on the Principal Balance of such C Note, respectively, at the Net Note C Rate;

 

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(m)            
thirteenth, to each Note C Holder, pro rata (based on the Principal Balances of such C Notes), until the respective
Principal Balances of the C Notes have been reduced to zero;

 

(n)              
fourteenth, to each Note C Holder, pro rata (based on the Principal Balances of such C Notes) in an aggregate
amount equal to the product of (i) the Note C Percentage Interest multiplied by (ii) the Note C Relative Spread and (iii) any Prepayment
Premium to the extent paid by the Mortgage Loan Borrower;

 

(o)              
fifteenth, 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)-(n) and, as a result of a Workout the aggregate
Principal Balance of C Notes has been reduced, such excess amount shall be paid to each Note C Holder pro rata (based on
the Principal Balances of such C Notes) in an aggregate amount up to the amount of such reduction, if any, of the Principal Balance
of each C Note as a result of such Workout, plus interest on such aggregate amount at the related Note C Rate from the date of
such reduction to the date of the receipt of such proceeds;

 

(p)             
sixteenth, to the extent a Note D Holder has made any payments or advances to cure defaults pursuant to Section
11, to reimburse such Note D Holder for all such cure payments; and to each Note D Holder in the amount of any other unreimbursed
reasonable out-of-pocket costs and expenses paid or incurred by such Note D Holder, in each case to the extent reimbursable by,
but not previously reimbursed by, the Mortgage Loan Borrower;

 

(q)             
seventeenth, to each Note D Holder, pro rata (based on their respective entitlements to interest) in an amount equal
to the accrued and unpaid interest on the Principal Balance of such D Note, respectively, at the Net Note D Rate;

 

(r)              
eighteenth, to each Note D Holder, pro rata (based on the Principal Balances of such D Notes), until the respective
Principal Balances of the D Notes have been reduced to zero;

 

(s)             
nineteenth, to each Note D Holder, pro rata (based on the Principal Balances of such D Notes) in an aggregate
amount equal to the product of (i) the Note D Percentage Interest multiplied by (ii) the Note D Relative Spread and (iii) any Prepayment
Premium to the extent paid by the Mortgage Loan Borrower;

 

(t)              
twentieth, 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)-(s) and, as a result of a Workout the aggregate
Principal Balance of D Notes has been reduced, such excess amount shall be paid to each Note D Holder pro rata (based on
the Principal Balances of such D Notes) in an aggregate amount up to the amount of such reduction, if any, of the Principal Balance
of each D Note as a result of such Workout, plus interest on such aggregate amount at the related Note D Rate from the date of
such reduction to the date of the receipt of such proceeds;

 

(u)             
twenty-first, to each Note A Holder, pro rata (based on their respective entitlements to interest) in an amount equal
to the accrued and unpaid Accrued Additional Interest on such A Note;

 

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(v)             
twenty-second, to each Note B Holder, pro rata (based on their respective entitlements to interest) in an
amount equal to the accrued and unpaid Accrued Additional Interest on such B Note;

 

(w)            
twenty-third, to each Note C Holder, pro rata (based on their respective entitlements to interest) in an amount
equal to the accrued and unpaid Accrued Additional Interest on such C Note;

 

(x)             
twenty-fourth, to each Note D Holder, pro rata (based on their respective entitlements to interest) in an
amount equal to the accrued and unpaid Accrued Additional Interest on such D Note;

 

(y)            
twenty-fifth, 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, the Note B Holders, the Note C Holders and the Note D Holders in
accordance with the Note A Percentage Interest, the Note B Percentage Interest, the Note C Percentage Interest and the Note D Percentage
Interest, respectively, with the amount distributed to the Note A Holders to be allocated among the Note A Holders pro rata
based on the respective Principal Balances of such A Notes, with the amount distributed to the Note B Holders to be allocated between
the Note B Holders pro rata based on the respective Principal Balances of such B Notes, with the amount distributed to the
Note C Holders to be allocated between the Note C Holders pro rata based on the respective Principal Balances of such C
Notes, and with the amount distributed to the Note D Holders to be allocated between the Note D Holders pro rata based on
the respective Principal Balances of such D Notes; and

 

(z)            
twenty-sixth, 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)-(y), any remaining amount
shall, if not otherwise subject to allocation pursuant to the terms of the Servicing Agreement, be paid pro rata to the
Note A Holders, the Note B Holders, the Note C Holders and the Note D Holders in accordance with the initial Note A Percentage
Interest, the initial Note B Percentage Interest, the initial Note C Percentage Interest and the initial Note D Percentage Interest,
respectively, with the amount distributed to the Note A Holders to be allocated among the Note A Holders pro rata based
on the respective Principal Balances of such A Notes, with the amount distributed to the Note B Holders to be allocated between
the Note B Holders pro rata based on the respective Principal Balances of such B Notes, with the amount distributed to the
Note C Holders to be allocated between the Note C Holders pro rata based on the respective Principal Balances of such C
Notes, and with the amount distributed to the Note D Holders to be allocated between the Note D Holders pro rata based on
the respective Principal Balances of such D Notes.

 

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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 Securitization Noteholder and each Subordinate 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 Securitization Noteholder or Subordinate Noteholder, as applicable, 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).

 

(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 Subordinate Noteholders 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 each of the Noteholders
as a collective whole (it being understood that (x) the interests of the Note B Holders are subordinate to the interests of the
Note A Holders, (y) the interests of the Note C Holders are subordinate to the interests of the Note A Holders and the Note B Holders,
and (z) the interests of the Note D Holders are subordinate to the interests of the Note A Holders, the Note B Holders and the
Note C Holders, in the cause of each of (x), (y) and (z) subject to the terms and conditions of this Agreement, including without
limitation the rights of the Controlling Noteholder), and any Subordinate Noteholder who is not a Borrower Party shall be deemed
a third party beneficiary of such provisions of the Servicing Agreement. The foregoing provisions of this

 

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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, Note B Holders and Note C Holders 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-1-A, Note A-1-B, Note A-1-C,
Note A-2-A, Note A-2-B and Note A-2-C 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
D Holders (pro rata based on the Principal Balances of their respective Notes), second, by the Note C Holders (pro
rata based on the Principal Balances of their respective Notes), third, by the Note B Holders (pro rata based
on the Principal Balances of their respective Notes), 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 (x) the subordination of the B Notes to the A Notes, (y) the subordination of the C Notes to the A Notes
and the B Notes, and (z) the subordination of the D Notes to the A Notes, the B Notes and the C 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,
to increase or reduce, as applicable, the Note B Percentage Interest, and to reduce the Note C 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, the Note B Rate, the Note C Rate and the Note D 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, 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. Each Non-Lead Noteholder
shall be provided access to any website that an investor would be permitted to access in accordance with the procedures set forth
in the Servicing Agreement.

 

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(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 Note A-1-A, Note A-1-B, Note A-1-C, Note A-2-A, Note
A-2-B or Note A-2-C (or any portion thereof). 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 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 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 to the Controlling Noteholder and its Controlling Noteholder Representative,
if any, at least ten (10) Business Days prior to taking action with respect to such Major Decision (or making a determination not
to take action with respect to such Major Decision), 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

 

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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 five (5) Business Days after delivery of the notice of such
Major Decision, the Lead Securitization Noteholder (or the Special Servicer acting on its behalf) shall deliver an additional copy
of the notice of such Major Decision in all caps bold 14-point font: “This is a Second
Notice. Failure to respond within five (5) Business Days of this Second Notice will result in a loss of your right to consent with
respect to this decision,” and if the Controlling Noteholder fails to respond to the Lead Securitization Noteholder
(or the Special Servicer acting on its behalf) with respect to any such proposed action within five (5) Business Days after receipt
of such second notice, the Controlling Noteholder shall have no further consent rights with respect to such action (provided, however,
that such failure to reply shall not affect the rights of the Controlling Noteholder to consent to any future actions). Notwithstanding
the foregoing, 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 such 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 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 Noteholder 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 at any time the Controlling Noteholder is the Note A-2-A Holder,
the Special Servicer shall be required to consult with each Non-Controlling A Noteholder on a strictly non-binding basis,
to the extent having received such notices, information and reports, any Non-Controlling A Noteholder requests consultation with
respect to any such Major Decisions or the implementation of any recommended actions outlined in an Asset Status Report, and consider

 

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alternative actions recommended by such Non-Controlling A Noteholder; provided that after the expiration of a period of
ten (10) Business Days from the delivery to any Non-Controlling A Noteholder 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 A Noteholder, whether or not such Non-Controlling A Noteholder 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). After the Note A-1-A Securitization, references in this paragraph to the Non-Controlling
Noteholder as such term relates to the Note A-1-A Holder shall mean the related Non-Lead Securitization Subordinate Class Representative.
After the Note A-1-B Securitization, references in this paragraph to the Non-Controlling Noteholder as such term relates to the
Note A-1-B Holder shall mean the related Non-Lead Securitization Subordinate Class Representative. After the Note A-1-C Securitization,
references in this paragraph to the Non-Controlling Noteholder as such term relates to the Note A-1-C Holder shall mean the related
Non-Lead Securitization Subordinate Class Representative. After the Note A-2-B Securitization, references in this paragraph to
the Non-Controlling Noteholder as such term relates to the Note A-2-B Holder shall mean the related Non-Lead Securitization Subordinate
Class Representative. After the Note A-2-C Securitization, references in this paragraph to the Non-Controlling Noteholder as such
term relates to the Note A-2-C Holder shall mean the related Non-Lead Securitization Subordinate Class Representative.

 

In addition to the consultation
rights provided in the immediately preceding paragraph, at any time the Controlling Noteholder is the Note A-2-A Holder, each
Non-Controlling A Noteholder 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), 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)              
Any of (x) the Note B Holders, acting unanimously, or (y) the Note C Holders, acting unanimously, or (z) the Note D Holders,
acting unanimously, shall be entitled to avoid a Note B Control Appraisal Period, a Note C Control Appraisal Period or a Note D
Control Appraisal Period, respectively, 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 each Subordinate Noteholder 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 each Subordinate Note): (i)
such Subordinate Noteholder(s) 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,

 

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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 a Subordinate Noteholder (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 such Subordinate Noteholder. If a letter of credit is furnished as Threshold Event Collateral, the applicable
Subordinate Noteholder(s) 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 applicable Subordinate Noteholder(s) 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, 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 one or more Subordinate Noteholder(s), any or such portion of Threshold Event Collateral held by the Servicer
shall promptly be returned to such Subordinate Noteholder(s) (at its/their 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-1-A Principal Balance, the Note A-1-B Principal Balance, the Note A-1-C Principal Balance,
the Note A-2-A Principal Balance, the Note A-2-B Principal Balance, the Note A-2-C Principal Balance, the Note B-1-A Principal
Balance, the Note B-1-B Principal Balance, the Note B-2-A Principal Balance, the Note B-2-B Principal Balance, the Note C-1-A Principal
Balance, the Note C-1-B Principal Balance, the Note C-2-A Principal Balance, the Note C-2-B Principal Balance,

 

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the Note D-1 Principal
Balance and the Note D-2 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 a Subordinate Note, each of the Master Servicer
and the Special Servicer shall provide to each Subordinate Noteholder 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, (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.

 

(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) the Mortgage Loan,
subject to the consent right of the Controlling Noteholder (or its Controlling Noteholder Representative), in which case such sale
would include each of the A Notes, the B Notes, the C Notes and the D Notes as determined by the Special Servicer in accordance
with the Servicing Standard (taking into account the subordinate nature of the Subordinate Notes) or (2) Note A-1-A, Note A-1-B,
Note A-1-C, Note A-2-A, Note A-2-B and Note A-2-C together, in which case of this clause (2) the Special Servicer shall provide
notice to the Non-Lead Master Servicer who shall provide notice to the related Non-Controlling A Noteholder of the planned sale
and of such Non-Controlling A Noteholder’s opportunity to submit an offer on Note A-1-A, Note A-1-B, Note A-1-C, Note A-2-A,
Note A-2-B and Note A-2-C together.

 

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

 

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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 the Non-Lead Securitization 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), 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

 

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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 Lead Securitization Noteholder is the Controlling Noteholder, 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 Lead Securitization Noteholder
(or the applicable Person specified in the Servicing Agreement) to the extent set forth in the Servicing Agreement.

 

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

 

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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 such that any Special Servicer
could be terminated 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, as applicable, 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 or Companion Distribution Account established pursuant to the Servicing
Agreement. The Lead Securitization Noteholder (or the Master Servicer on its behalf) shall establish a segregated sub-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) Business Days following the Lead Securitization Noteholder’s (or the
Master Servicer’s acting on its behalf) receipt of properly identified and available funds from or on behalf of the Mortgage
Loan Borrower; provided, however, that in the event the Master Servicer 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
and Companion Distribution Account, as applicable, 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

 

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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) subject to this Agreement and the Servicing Agreement and to be distributed pursuant to the terms of
this Agreement. 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
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.

 

Each Subordinate Noteholder
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 such Subordinate Noteholder and that the Lead Securitization
Noteholder (including any Servicer) shall have no liability whatsoever

 

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to such Subordinate Noteholder 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 Subordinate Noteholder
acknowledges that, subject to the terms and conditions hereof and the obligation of any Non-Lead Securitization Noteholder (including
any Non-Lead Servicer) to comply with, and except as otherwise required by, the Servicing Standard (as if such standard was applicable
to any Non-Lead Securitization Noteholder as a “servicer” thereunder), each Non-Lead Securitization Noteholder (including
any Non-Lead Servicer) may exercise, or omit to exercise, any rights that such Non-Lead Securitization Noteholder may have under
this Agreement and the Servicing Agreement in a manner that may be adverse to the interests of such Subordinate Noteholder and
that any Non-Lead Securitization Noteholder (including any Non-Lead Servicer) shall have no liability whatsoever to such Subordinate
Noteholder in connection with any Non-Lead Securitization Noteholder’s exercise of rights or any omission by a Non-Lead Securitization
Noteholder to exercise such rights other than as described above; provided, however, that the Non-Lead Servicer must
act in accordance with the servicing standard under the Non-Lead Securitization Servicing Agreement.

 

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), 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 the Subordinate Noteholders and the Controlling Noteholder 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

 

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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 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 Subordinate Noteholders.

 

(a)               
Subject to Section 11(b) below, in the event that the Mortgage Loan Borrower fails to make any payment of principal
or interest on the Mortgage Loan by the end of the applicable grace period for such payment permitted under the applicable Mortgage
Loan Documents (a “Monetary Default”), the Lead Securitization Noteholder shall provide written notice to each
Subordinate Noteholder and the Controlling Noteholder Representative of such default (the “Monetary Default Notice”).
The Note B Holders, acting unanimously, the Note C Holders, acting unanimously, and the Note D Holders, acting unanimously, shall
each 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 Subordinate Noteholder(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 one or more Subordinate Noteholder(s) to cure a Monetary Default, such Subordinate Noteholder(s)
shall pay or reimburse the Note A Holders, and if Note C Holders are effecting such cure, the Note B Holders, and if Note D Holders
are effecting such cure, the Note C Holders, 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. No Subordinate Noteholder shall
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 Subordinate Noteholders’ 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

 

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(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 and, in the case of additional cure periods requested by (i) the Note C Holders,
the Note B-1-A Holder’s consent will also be required, and (ii) the Note D Holders, the Note C-1-A Holder’s consent
will also be required.

 

(c)               
No action taken by a Subordinate Noteholder 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 any Subordinate Noteholder’s actions under this Agreement.
Subject to the terms of this Agreement, each Subordinate Noteholder shall be subrogated to the Note A Holders’ respective
rights to any payment owing to such Note A Holders for which such Subordinate Noteholder makes a cure payment as permitted under
this Section 11, and the Note C Holders shall be subrogated to the Note B Holders’ respective rights to any payment
owing to such Note B Holders for which the Note C Holders make a cure payment as permitted under this Section 11, and the
Note D Holders shall be subrogated to the Note C Holders’ and the Note B Holders’ respective rights to any payment
owing to such Note B Holders and Note C Holders for which the Note C Holders make a cure payment as permitted under this Section
11, but in each case 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)              
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 each Subordinate Noteholder
and the Controlling Noteholder Representative of such Non-Monetary Default (the “Non-Monetary Default Notice”)
and the Note B Holders, acting unanimously, the Note C Holders, acting unanimously, and the Note D Holders, acting unanimously,
shall each 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 such Subordinate Noteholder(s) of the Non-Monetary Default Notice, and (b) the date which is thirty (30) days from the date
of receipt by such Subordinate Noteholder(s) 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 one or more Subordinate Noteholder(s), such Subordinate Noteholder(s)
(unless a Control Appraisal Period has occurred and is continuing with respect to such Subordinate Noteholder(s)) shall be given
an additional period of time as is reasonably necessary to enable such Subordinate Noteholder(s) in the exercise of due diligence
to cure such Non-Monetary Default for so long as (i) such Subordinate Noteholder(s) diligently and expeditiously proceed to cure
such Non-Monetary Default, (ii) such Subordinate Noteholder(s) make 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 Holders,
the Note C Holders or the Note D Holders have 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

 

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Property taken as whole,
which cannot be cured by the applicable Subordinate Noteholder(s) within five (5) days of such notice of such material adverse
effect (and which is in fact cured within such time period). The Non-Monetary Default Notice shall contain a statement that the
Subordinate Noteholders’ 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. No Subordinate Noteholder shall 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.

 

(e)               
In the event that the Note B Holders, acting unanimously, and the Note C Holders, acting unanimously, deliver a notice of
exercise of cure rights, the Note C Holders, acting unanimously, shall have the right to effectuate the related cure and the right
of the Note B Holders to cure shall be suspended and any cure payments remitted by the Note B Holders shall be returned to the
Note B Holders. In the case of a Non-Monetary Default, if the Note C Holders do not consummate such cure, notice of which failure
the Lead Securitization Noteholder shall promptly communicate (or cause a Servicer to communicate) such fact to the Note B Holders,
then, in the case of a failure by the Note C Holders in circumstances in which the Note B Holders delivered a notice of exercise,
the Note B Holders shall have the right to effectuate such cure within the time period for a cure specified above. In the event
that the Note B Holders, acting unanimously, the Note C Holders, acting unanimously, and the Note D Holders, acting unanimously,
deliver a notice of exercise of cure rights, the Note D Holders, acting unanimously, shall have the right to effectuate the related
cure and the right of the Note B Holders and the Note C Holders to cure shall be suspended and any cure payments remitted by the
Note B Holders shall be returned to the Note B Holders and any cure payments remitted by the Note C Holders shall be returned to
the Note C Holders. In the case of a Non-Monetary Default, if the Note D Holders do not consummate such cure, notice of which failure
the Lead Securitization Noteholder shall promptly communicate (or cause a Servicer to communicate) such fact to the Note B Holders
and the Note C Holders, then, in the case of a failure by the Note D Holders in circumstances in which (i) the Note C Holders delivered
a notice of exercise, the Note C Holders shall have the right to effectuate such cure within the time period for a cure specified
above, and (ii) the Note B Holders, but not the Note C Holders, delivered a notice of exercise, the Note B Holders shall have the
right to effectuate such cure within the time period for a cure specified above.

 

Section 12.      Purchase By Subordinate Noteholder(s). Each of (A) the Note B Holders, acting unanimously, and (B) the Note C Noteholders,
acting unanimously, and (C) the Note D Noteholders, acting unanimously, shall have the right, by written notice to (x) each of
the Note A Holders, (y) if the purchasing Noteholder is the Note C Holders, the Note B Holders and (z) if the purchasing Noteholder
is the Note D Holders, the Note C Holders (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, (i) if the Purchasing Noteholder is the Note B Holders, acting unanimously, each of the A Notes,
(ii) if the Purchasing Noteholder is the Note C Holders, each of the A Notes and the B Notes, and (iii) if the Purchasing Noteholder
is the Note D Holders, each of the A Notes, the B Notes and the C Notes (each Note specified in the Noteholder Purchase

 

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Notice,
a “Purchased Note”), in whole but not in part at the applicable Defaulted Mortgage Loan Purchase Price. For
avoidance of doubt, if one or more Subordinate Noteholder(s) 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. Each Subordinate Noteholder 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 Holders, the Note C Holders or the Note D Holders
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 Subordinate Noteholders 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 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 each Subordinate Noteholder
of such transfer and the Note B Holders, Note C Holders and Note D Holders shall each 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 (and, if the Note C Holders are delivering such Noteholder Purchase Notice, to the Note B Holders, and, if the Note
D Holders are delivering

 

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such Noteholder Purchase Notice, to the Note C Holders), in which case such Subordinate Noteholder 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 each Subordinate Noteholder. Each Subordinate Noteholder represents, solely as to itself and its
Subordinate Note, and it is specifically understood and agreed, that it is acquiring such Note for its own account in the ordinary
course of its business and none of the Note A-1-A Holder, the Note A-1-B Holder, the Note A-1-C Holder, the Note A-2-A Holder,
the Note A-2-B Holder, the Note A-2-C Holder or the other Subordinate Noteholders shall have any liability or responsibility to
such Subordinate Noteholder except (i) as expressly provided herein or (ii) for actions that are taken or omitted to be taken by
the Note A-1-A Holder, the Note A-1-B Holder, the Note A-1-C Holder, the Note A-2-A Holder, the Note A-2-B Holder, the Note A-2-C
Holder or such other Subordinate Noteholder that constitute gross negligence or willful misconduct or that constitute a breach
of this Agreement. Each Subordinate Noteholder 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 such Subordinate Noteholder, and that this Agreement is the legal,
valid and binding obligation of such Subordinate Noteholder enforceable against such Subordinate Noteholder 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 Subordinate Noteholder 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. Each Subordinate Noteholder represents and warrants as to itself that (a) this Agreement
has been duly executed and delivered by such Subordinate Noteholder, (b) to such Subordinate 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 Subordinate Noteholder have been obtained or made and (c)
to such Subordinate Noteholder’s actual knowledge, there is no pending action, suit or proceeding, arbitration or governmental
investigation against such Subordinate Noteholder, an adverse outcome of which would materially and adversely affect its performance
under this Agreement.

 

Each Subordinate Noteholder
acknowledges that none of the Note A-1-A Holder, the Note A-1-B Holder, the Note A-1-C Holder, the Note A-2-A Holder, the Note
A-2-B Holder, the Note A-2-C Holder or the other Subordinate Noteholders owes such Subordinate Noteholder any fiduciary duty with
respect to any action taken under the Mortgage Loan Documents and, except as provided herein, need not consult with such Subordinate
Noteholder with respect to any action taken by such Note A-1-A Holder, Note A-1-B Holder, Note A-1-C Holder, Note A-2-A Holder,
Note A-2-B Holder, Note A-2-C Holder or other Subordinate Noteholder, as applicable, in connection with the Mortgage Loan.

 

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

 

Section 14.       Representations of the 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.

 

Each of the Note A Holders
acknowledges that no other Noteholder owes such Noteholder any fiduciary duty with respect to any action taken under the Mortgage
Loan Documents and, except as provided herein or in the Servicing Agreement, need not consult with such Noteholder with respect
to any action taken by such Noteholder in connection with the Mortgage Loan.

 

Section 15.       Independent Analysis of each Subordinate Noteholder. Each Subordinate Noteholder 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 its Subordinate Note), and
based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to purchase such
Subordinate Note and such Subordinate Noteholder accepts responsibility therefor. Each Subordinate Noteholder 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. Each

 

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Subordinate
Noteholder 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. None of the Note A Holders shall have any obligation whatsoever to offer to any Subordinate
Noteholder the opportunity to purchase a Note interest in any future loans originated by any Note A Holder or its respective Affiliates,
and if any Note A Holder chooses to offer to any Subordinate Noteholder the opportunity to purchase a Note interest in any future
mortgage loans originated by such Note A Holder or its respective Affiliates, such offer shall be at such purchase price and interest
rate as such Note A Holder chooses, in its sole and absolute discretion. No Subordinate Noteholder shall have any obligation whatsoever
to purchase from any Note A Holder a Note interest in any future loans originated by such Note A Holder or its respective Affiliates.

 

Section 17.        Not a Security. No Subordinate Note 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)               
Each Subordinate Noteholder agrees that it will not Transfer all or any portion of its Note except in accordance with this
Section 19. Each Subordinate Noteholder shall have the right, without the need to obtain the consent of the Note A Holders
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. Each Subordinate Noteholder 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 (and, in the case of a Transfer of Note C, the Note B Holders, and, in the case
of a Transfer of Note D, the Note C Holders and the Note B Holders) is provided with (x) a representation from a transferee or
such Subordinate Noteholder 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

 

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an entity that
is not a Qualified Institutional Lender, provided that with respect to this clause (ii), such Subordinate Noteholder obtains (1)
prior to the Lead Securitization Date, the consent of the Note A-2-A Holder (and, in the case of a Transfer of Note C, the consent
of the Note B Holders, and, in the case of a Transfer of Note D, the consent of the Note B Holders and the Note C Holders), 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, the Note B Holders, the Note C Holders
or the Note D Holders 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, the Note C Principal Balance or the Note D Principal Balance, as applicable,
shall immediately appoint a representative to exercise all rights of such Subordinate Noteholder hereunder. As of the date hereof,
the Note B Holders hereby designate the Note B-1-A Holder as the representative to exercise all of the rights of the Note B Holders
pursuant to this Section 19, until such time as the Note B Holders shall notify the other Noteholders in writing. As of
the date hereof, the Note C Holders hereby designate the Note C-1-A Holder as the representative to exercise all of the rights
of the Note C Holders pursuant to this Section 19, until such time as the Note C Holders shall notify the other Noteholders
in writing. As of the date hereof, the Note D Holders hereby designate the Note D-1 Holder as the representative to exercise all
of the rights of the Note D Holders pursuant to this Section 19, until such time as the Note D Holders shall notify the
other Noteholders in writing. 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 (and prior to the Lead Securitization
Date, the Note A-2-A Holder’s prior consent, which may be withheld in the Note A-2-A Holder’s sole and absolute discretion),
and, in the case of a Transfer of any C Note, without the Note B Holders’ prior consent, which may be withheld in the Note
B Holders’ sole and absolute discretion and, in the case of a Transfer of any D Note, without the Note B Holders’ and
the Note C Holders’ prior consent, which may be withheld in the Note B Holders’ and the Note C Holders’ sole
and absolute discretion, no Subordinate Noteholder shall 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. Each Subordinate Noteholder agrees
it will pay the expenses of the Lead Securitization Noteholder (including all expenses of the Master Servicer and the Special Servicer)
and the Non-Lead Securitization Noteholders (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, (i) in the case of a Transfer of any C Note, upon not less than five (5) Business Days’ prior written
notice to the Note B Holders, unless the Transfer is to an Affiliate of the respective Note C Holder, in which case written notice
need only be given not later than the date of such Transfer, and (ii) in the case of a Transfer of any D Note, upon not less than
five (5) Business Days’ prior written notice to the Note B Holders and the Note C Holders, unless the Transfer is to an Affiliate
of the respective Note D Holder, in which

 

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case written notice need only be given 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 applicable Subordinate Noteholder 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 such Subordinate Noteholder of its Note solely as security for a loan to such Subordinate Noteholder
made by a third-party lender whereby such Subordinate Noteholder remains fully liable under this Agreement, on or before the date
on which such third-party lender succeeds to the rights of such Subordinate Noteholder 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 such Subordinate Noteholder 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 a Subordinate Note in accordance with this Agreement, the transferring Person shall be released from all
liability arising under this Agreement with respect to such Subordinate Note (or the portion thereof that was the subject of such
Transfer), for the period after the effective date of such Transfer (it being understood and agreed that the foregoing release
shall not apply in the case of a sale, assignment, transfer or other disposition of a participation interest in the subject Subordinate
Note as described in clause (c) below). In connection with any such permitted transfer of a portion of a Subordinate Note
and for all purposes of this Agreement, the Note A Holders need only recognize the majority holder of such Subordinate Note for
purposes of notices, consents and other communications between the Note A-1-A Holder, the Note A-1-B Holder, the Note A-1-C Holder,
the Note A-2-A Holder, the Note A-2-B Holder or the Note A-2-C Holder, as applicable, and such majority holder of the subject Subordinate
Note shall be the only Person authorized hereunder to exercise any rights of such Subordinate Noteholder under this Agreement;
provided, however, the majority holder of the subject Subordinate Note may from time to time designate any other
Person as an additional party entitled to receive notices, consents and other communications and/or to exercise rights on behalf
of such Subordinate Noteholder 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 delegate to such participant such Noteholder’s
right to exercise the rights of the Controlling Noteholder hereunder and under the Servicing Agreement; provided, further,
however, that upon the occurrence of a Note B Control Appraisal Period, a Note C Control Appraisal Period or a Note

 

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D Control
Appraisal Period, the aforesaid delegation of rights shall terminate and be of no further force and effect with respect to the
B Notes (in the case of a Note B Control Appraisal Period), the C Notes (in the case of a Note C Control Appraisal Period) or Note
D-1 or Note D-2 (in the case of a Note D Control Appraisal Period).

 

(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) with respect to any A Note 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, the Note A Holders may only transfer all or any portion of their respective 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

 

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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 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.        Registration of Transfer. In connection with any Transfer of a Note (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, a Trustee shall not be required to execute
an assignment and assumption agreement in connection with any Transfer of a Note if the obligations are assumed pursuant to the
Servicing Agreement. 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. Upon the Lead Securitization, the Master Servicer shall automatically
become and be the Agent.

 

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 its 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.

 

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

 

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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 the 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 such application in accordance with the terms of this Agreement and/or the Servicing Agreement.

 

Section 24.        Governing Law; Waiver of Jury Trial. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED
TO THIS AGREEMENT, THE RELATIONSHIP OF THE PARTIES TO THIS AGREEMENT, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND
DUTIES OF THE PARTIES TO THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS OF
THE STATE OF NEW YORK, WITHOUT REGARD TO THE CHOICE OF LAW RULES THEREOF (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;

 

(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

 

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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, to correct
or supplement any provisions herein that may be defective or inconsistent with any other provisions herein or with the Servicing
Agreement, (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.

 

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 and grant additional Notes.

 

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

 

(b)              
Each Subordinate Noteholder 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 such Subordinate Noteholder in reliance upon any representation, certificate, statement, document
or instrument made or provided by such Subordinate Noteholder to the Lead Securitization Noteholder in connection with the obligation
of the Lead Securitization Noteholder to withhold Taxes from payments made to such Subordinate Noteholder, 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) such Subordinate Noteholders 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)               
Each Subordinate Noteholder (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, each Subordinate Noteholder
shall deliver to the Lead Securitization Noteholder or Servicer, as applicable, evidence satisfactory to the Lead Securitization
Noteholder substantiating that such Subordinate Noteholder 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 such Subordinate Noteholder is not a Non-Exempt Person. Without limiting the effect of
the foregoing, (i) if a Subordinate Noteholder (or, if such Subordinate Noteholder is disregarded for U.S. federal income tax purposes,
the owner of such Subordinate Noteholder) is created or organized under the laws of

 

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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 a Subordinate Noteholder (or, if such Subordinate Noteholder is disregarded for
U.S. federal income tax purposes, the owner of such Subordinate Noteholder) 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 Subordinate
Noteholder 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 such Subordinate Noteholder; provided that such Subordinate
Noteholder, without request, shall deliver a new, appropriately completed Form W-8 if the Subordinate Noteholder’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 any Subordinate Noteholder in respect of any Subordinate Note or otherwise until
such Subordinate Noteholder 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 (as defined in the Servicing Agreement). 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 Noteholder
(or any Servicer on its behalf), shall also be delivered by the applicable party to each other Noteholder (including to the Note
B Holders, the Note C Holders, and the Note D Holders regardless of whether a Note B Control Appraisal Period, a Note C Control
Appraisal Period or a Note D Control Appraisal Period is continuing).

 

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

 

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-2-A 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. Wells Fargo, as Initial Agent, may transfer its rights and obligations
to a Servicer, as successor Agent, at any time without the consent of any Noteholder. Wells Fargo, 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 Certificate Administrator shall
be deemed to have been automatically appointed

 

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as the successor Agent under this Agreement in place of the Initial Agent or any
successor thereto prior to such Securitization without any further notice or other action. The termination or resignation of the
Certificate Administrator, as Certificate Administrator under the Servicing Agreement, shall be deemed a termination or resignation
of such Certificate Administrator as Agent under this Agreement.

 

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 any Noteholder may elect, in its sole discretion, to include its Note in a Securitization.
In connection with a Securitization of Note A-1-A, Note A-1-B, Note A-1-C, Note A-2-A, Note A-2-B or Note A-2-C, at the request
of the related Noteholder, each other 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 the Securitization, including, entering into (or consenting to, as applicable) any
modifications to this Agreement or the Mortgage Loan Documents and to cooperate with the 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 the Securitization; provided, however, that either in connection with
the Securitization or otherwise at any time prior to the 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 Note A-1-A, Note

 

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A-1-B, Note A-1-C, Note A-2-A, Note A-2-B or
Note A-2-C, each other Noteholder agrees to provide for inclusion in any disclosure document relating to the related Securitization
such customary non-confidential information concerning such Noteholder as the requesting Noteholder reasonably determines to be
necessary to satisfy its disclosure obligations in connection with its 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)              
The Note A-1-A Holder, Note A-1-B Holder, Note A-1-C Holder, Note A-2-A Holder, Note A-2-B Holder or Note A-2-C 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 of the Note A Holders acknowledges and agrees that (i) no other Noteholder
shall be required to incur any out-of-pocket expenses in connection with their respective Securitizations of an A Note, and (ii)
any 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 its Securitization.

 

[SIGNATURE PAGE FOLLOWS]

 

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

 

	 	DEUTSCHE BANK AG, NEW YORK BRANCH, as Initial Note A-1-A Holder, Initial Note A-1-B Holder, Initial Note A-1-C Holder, Initial Note B-1-A Holder, Initial Note B-1-B Holder, Initial Note C-1-A Holder, Initial Note C-1-B Holder and Initial Note D-1 Holder
	 	 	 
	 	By:	/s/  Thomas Rugg
	 	 	Name: Thomas Rugg
	 	 	Title:    Managing Director
	 	 	 
	 	By:	/s/ Rohan Mehta
	 	 	Name: Rohan Mehta
	 	 	Title:   Vice President

 

SIGNATURE
PAGE TO NEWPORT CORPORATE CENTER CO-LENDER AGREEMENT

 

     

     

    

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Initial Note A-2-A Holder, Initial Note A-2-B Holder, Initial Note A-2-C Holder, Initial Note B-2-A Holder, Initial Note B-2-B
Holder, Initial Note C-2-A Holder, Initial Note C-2-B Holder, Initial Note D-2 Holder and Initial Agent
	 	 	 
	 	By:	/s/ Jeff Cirillo
	 	 	Name: Jeff Cirillo
	 	 	Title:   Managing Director

 

SIGNATURE
PAGE TO NEWPORT CORPORATE CENTER CO-LENDER AGREEMENT

 

     

     

    

 

EXHIBIT A

MORTGAGE LOAN SCHEDULE

 

		A.	Description of Mortgage Loan:

 

	Mortgage Loan:	Loan Agreement, dated as of April 10, 2019 (as amended, restated, supplemented or otherwise modified from time to time), between Deutsche Bank AG, New York Branch and Wells Fargo Bank, National Association (collectively, together with their respective successors and assigns, “Lender”), and Preylock Bellevue, LLC, as borrower (“Mortgage Loan Borrower”)
	Date of the Mortgage Loan:	May 15, 2019
	Date of Note A-1-A:	May 15, 2019
	Date of Note A-1-B:	May 15, 2019
	Date of Note A-1-C:	May 15, 2019
	Date of Note A-2-A:	May 15, 2019
	Date of Note A-2-B:	May 15, 2019
	Date of Note A-2-C:	May 15, 2019
	Date of Note B-1-A:	May 15, 2019
	Date of Note B-1-B:	May 15, 2019
	Date of Note B-2-A:	May 15, 2019
	Date of Note B-2-B:	May 15, 2019
	Date of Note C-1-A:	May 15, 2019
	Date of Note C-1-B:	May 15, 2019
	Date of Note C-2-A:	May 15, 2019

 

    A-1

     

    

 

	Date of Note C-2-B:	May 15, 2019
	Date of Note D-1:	May 15, 2019
	Date of Note D-2:	May 15, 2019
	Initial Principal Amount of Mortgage Loan:	$312,000,000.00
	Location of Mortgaged Property:	Bellevue, WA
	Anticipated Repayment Date:	May 6, 2029
	Stated Maturity Date:	October 6, 2030

 

    A-2

     

    

 

		B.	Description of Note Interests:

 

	Initial Note A-1-A Principal Balance:	$50,000,000
	Initial Note A-1-B Principal Balance:	$30,000,000
	Initial Note A-1-C Principal Balance:	$10,200,000
	Initial Note A-2-A Principal Balance:	$33,800,000
	Initial Note A-2-B Principal Balance:	$20,000,000
	Initial Note A-2-C Principal Balance:	$20,000,000
	Initial Note B-1-A Principal Balance:	$7,150,000
	Initial Note B-1-B Principal Balance:	$2,750,000
	Initial Note B-2-A Principal Balance:	$5,850,000
	Initial Note B-2-B Principal Balance:	$2,250,000
	Initial Note C-1-A Principal Balance:	$22,000,000
	Initial Note C-1-B Principal Balance:	$18,700,000
	Initial Note C-2-A Principal Balance:	$18,000,000
	Initial Note C-2-B Principal Balance:	$15,300,000
	Initial Note D-1 Principal Balance:	$30,800,000
	Initial Note D-2 Principal Balance:	$25,200,000
	Initial Note A Percentage Interest:	52.56%
	Initial Note B Percentage Interest:	5.77%
	Initial Note C Percentage Interest:	23.72%
	Initial Note D Percentage Interest:	17.95%
	Note A Rate:	3.54323171%
	Note B Rate:	4.62500000%
	Note C Rate:	4.95000000%

 

    A-3

     

    

 

	Note D Rate:	6.50000000%

 

    A-4

     

    

 

EXHIBIT B

 

Initial Note A-1-A Holder, Initial Note A-1-B Holder, Initial
Note A-1-C Holder, Initial Note B-1-A Holder, Initial Note B-1-B Holder, Initial Note C-1-A Holder, Initial Note C-1-B Holder and
Initial Note D-1 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

 

with a copy to:

 

Cadwalader, Wickersham & Taft LLP

200 Liberty Street

New York, NY 10281

Attention: Robert Kim

E-mail: Robert.Kim@cwt.com

 

Initial Note A-2-A Holder, Initial Note A-2-B Holder, Initial
Note A-2-C Holder, Initial Note B-2-A Holder, Initial Note B-2-B Holder, Initial Note C-2-A Holder, Initial Note C-2-B Holder,
Initial Note D-2 Holder and Initial Agent:

 

Wells Fargo Bank, National Association

375 Park Avenue, 2nd Floor

J0127-023

New York, New York 10152

Attention: A.J. Sfarra

Email: Anthony.sfarra@wellsfargo.com

 

with a copy to:

Troy Stoddard, Esq.

Senior Counsel

Wells Fargo Law Department

D1053-300

301 South College St.

 

    B-1

     

    

 

Charlotte, North Carolina 28202

Email: troy.stoddard@wellsfargo.com

with a copy to:

 

Michael Jewesson

Alston & Bird LLP

2200 Ross Ave., Suite 2300

Dallas, TX 75201

E-mail: mike.jewesson@alston.com

 

    B-2

     

    

 

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 May 16, 2019 (as amended, supplemented or otherwise modified from time to time,
the “Agreement”), by and between Deutsche Bank AG, New York Branch, and Wells Fargo Bank, National Association,
and each lender from time to time 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-1-A][B-1-B][B-2-A][B-2-B][C-1-A][C-1-B][C-2-A][C-2-B][D-1][D-2] 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 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 LENDER]

 

	By:	 	 
	Name:	 
	Title:	 

 

Date: ________ __, 20[   ]

 

    D-1

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