Document:

Exhibit 4.9

 

EXECUTION
VERSION

 

CO-LENDER
AGREEMENT

 

Dated
as of May 24, 2017

 

by
and between

 

NATIXIS
REAL ESTATE CAPITAL LLC

(Initial
Note A-A-1 Holder)

 

NATIXIS
REAL ESTATE CAPITAL LLC

(Initial
Note A-A-2 Holder)

 

NATIXIS
REAL ESTATE CAPITAL LLC

(Initial
Note A-B Holder)

 

and

 

NATIXIS
REAL ESTATE CAPITAL LLC

(Initial
Note B Holder)

 

75
Broad Street

 

     

     

    

 

TABLE
OF CONTENTS

 

	 	 	Page
	 	 
	Section 1.           Definitions	1
	Section 2.           Servicing
    of the Mortgage Loan	16
	Section 3.           Priority
    of Payments	20
	Section 4.           Workout	24
	Section 5.           Administration
    of the Mortgage Loan	25
	Section 6.           Appointment
    of Controlling Note Holder Representative and Non-Controlling Senior Note Holder Representative	30
	Section 7.           Appointment
    of Special Servicer	34
	Section 8.           Payment
    Procedure	34
	Section 9.           Limitation
    on Liability of the Note Holders	35
	Section 10.         Bankruptcy	35
	Section 11.         Representations
    of the Note Holders	36
	Section 12.         No
    Creation of a Partnership or Exclusive Purchase Right	37
	Section 13.         Other
    Business Activities of the Note Holders	37
	Section 14.         Sale
    of the Notes	37
	Section 15.         Registration
    of the Notes and Each Note Holder	40
	Section 16.         Governing
    Law; Waiver of Jury Trial	41
	Section 17.         Submission
    To Jurisdiction; .Waivers	41
	Section 18.         Modifications	41
	Section 19.         Successors
    and Assigns; Third Party Beneficiaries	42
	Section 20.         Counterparts	42
	Section 21.         Captions	42
	Section 22.         Severability	42
	Section 23.         Entire
    Agreement	42
	Section 24.         Withholding
    Taxes	42
	Section 25.         Custody
    of Mortgage Loan Documents	44
	Section 26.         Cooperation
    in Securitization	44
	Section 27.         Notices	45
	Section 28.         Broker	45
	Section 29.         Certain
    Matters Affecting the Agent	46
	Section 30.         Termination
    and Resignation of Agent	46
	Section 31.         Resizing	47
	Section 32.         Cure
    Rights of Note B Holder	47
	Section 33.         Purchase
    Rights of Note B Holder	49

 

    i 

     

    

 

THIS
CO-LENDER AGREEMENT (this “Agreement”), dated as of May 24, 2017, by and among NATIXIS REAL ESTATE CAPITAL
LLC (“Natixis”, in its capacity as initial owner of Note A-A-1, the “Initial Note A-A-1 Holder”,
and in its capacity as the initial agent, the “Initial Agent”), NATIXIS REAL ESTATE CAPITAL LLC (in its capacity
as initial owner of Note A-A-2, the “Initial Note A-A-2 Holder”), NATIXIS REAL ESTATE CAPITAL LLC (in its capacity
as initial owner of Note A-B, the “Initial Note A-B Holder”) and NATIXIS REAL ESTATE CAPITAL LLC (in its capacity
as initial owner of Note B, the “Initial Note B Holder” and, together with the Initial Note A-A-1 Holder, the
Initial Note A-A-2 Holder and the Initial Note A-B Holder, the “Initial Note Holders” ).

 

W
I T N E S S E T H:

 

WHEREAS,
pursuant to the Mortgage Loan Agreement (as defined herein), Natixis originated a certain loan (the “Mortgage Loan”)
described on the schedule attached hereto as Exhibit A (the “Mortgage Loan Schedule”) to the mortgage loan
borrower described on the Mortgage Loan Schedule (collectively, the “Mortgage Loan Borrower”), which was evidenced
by that certain Amended, Restated and Consolidated Promissory Note in the original principal amount of $230,000,000.00 dated as
of April 28, 2017 and effective as of May 5, 2017 (the “Consolidated Note”) made by the Mortgage Loan Borrower
in favor of Natixis, and secured by a certain first mortgage (as amended, modified or supplemented, the “Mortgage”)
on one or more parcels of, or estates in, real property located as described on the Mortgage Loan Schedule (collectively, the
“Mortgaged Property”);

 

WHEREAS,
Natixis has elected to split the Consolidated Note into the following promissory notes (as amended, modified or supplemented,
each a “Note” and collectively, the “Notes”), the designation and original principal amount
of which are as set forth below, each dated as of April 28, 2017 and effective as of May 5, 2017, made by the Mortgage Loan Borrower
in favor of the Initial Note Holders:

 

	Note	Initial
    Note Holder	Original
    Principal Balance
	Note
    A-A-1	Natixis	$59,000,000
	Note
    A-A-2	Natixis	$33,000,000
	Note
    A-B	Natixis	$84,000,000
	Note
    B	Natixis	$54,000,000

 

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

 

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

 

Section
1.     Definitions. References to a “Section” or the “recitals” are,
unless otherwise specified, to a Section or the recitals of this Agreement. Capitalized terms not otherwise defined herein shall
have the meaning ascribed thereto in the Lead Securitization

 

     

     

    

 

Servicing Agreement. Whenever used in this Agreement, the following
terms shall have the respective meanings set forth below unless the context clearly requires otherwise.

 

“A-B
Note” shall mean Note A-B, as further described on the Mortgage Loan Schedule.

 

“Additional
Servicing Expenses” shall mean (a) all property protection advances, fees and/or expenses incurred by and reimbursable
to any Servicer, Trustee or certificate administrator pursuant to the Lead Securitization Servicing Agreement, and (b) all interest
accrued on Advances made by any Servicer or Trustee in accordance with the terms of the Lead Securitization Servicing Agreement;
provided that: (i) the aggregate special servicing fee (which fee is payable solely during the period that the Mortgage Loan is
specially serviced) shall not exceed 0.25%, (ii) the special servicing liquidation fee rate (or equivalent) shall not exceed 1.00%;
and (iii) the special servicing workout fee rate (or equivalent) shall not exceed 1.00%.

 

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

 

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

 

“A
Notes” shall mean each of Note A-A-1 and Note A-A-2, as further described on the Mortgage Loan Schedule.

 

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

 

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

 

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

 

“Agent
Office” shall mean the designated office of the Agent, which office initially shall be the office of the Initial Note
A-A-1 Holder listed on Exhibit B hereto and after the Securitization Date, shall be the offices of the Servicer. The Agent
Office is the address to which notices to and correspondence with the Agent should be directed. The Agent may change the address
of its designated office by notice to the Noteholders.

 

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

 

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

 

     2

     

    

 

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

 

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

 

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

 

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

 

“Appraised
Value” shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.

 

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

 

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

 

“B
Note” shall mean Note B, as further described on the Mortgage Loan Schedule.

 

“Casualty/Condemnation
Prepayment” shall mean any Insurance Proceeds ro Condmenation Proceeds that are requried to be applied as a prepayment of
the Mortgage Loan pursuant to the terms of the Mortgage Loan Agreement.

 

“Certificates”
shall mean any securities issued in connection with the Lead Securitization or a Non-Lead Securitization.

 

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

 

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

 

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

 

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

 

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

 

     3

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

     4

     

    

 

“Cure
Period” shall have the meaning assigned to such term in Section 32(a).

 

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

 

“Defaulted
Mortgage Loan Purchase Date” shall have the meaning assigned to such term in Section 33.

 

“Defaulted
Mortgage Loan Purchase Price” shall mean the sum, without duplication, of (a) the Note Principal Balance of Note A-A-1,
Note A-A-2 and Note A-B, (b) accrued and unpaid interest thereon at the applicable Note Rate, from the date as to which interest
was last paid in full by Mortgage Loan Borrower up to and including the end of the interest accrual period relating to the Monthly
Payment Date next following the date the purchase occurred, (c) any other amounts due under the Mortgage Loan, other than prepayment
premiums, default interest, late fees, exit fees and any other similar fees, provided that if the Mortgage Loan Borrower
or a Mortgage Loan Borrower Related Party is the purchaser, the Defaulted Mortgage Loan Purchase Price shall include prepayment
premiums, default interest, late fees, exit fees and any other similar fees, (d) any unreimbursed Servicing Advances and any expenses
incurred in enforcing the Mortgage Loan Documents (including, without limitation, Servicing Advances payable or reimbursable to
any Servicer, and earned and unpaid special servicing fees), (e) any accrued and unpaid Advance Interest Amount and (f) (i) if
the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party is the purchaser or (ii) if Note A-A-1, Note A-A-2 and Note
A-B are purchased after ninety (90) days after such option first becomes exercisable pursuant to Section 33 of this Agreement,
any liquidation or workout fees payable under the Lead Securitization Servicing Agreement and the Non-Lead Securitization Servicing
Agreement with respect to each of such Notes. If the Mortgage Loan is converted into a REO Property, for purposes of determining
the Defaulted Mortgage Loan Purchase Price, interest will be deemed to continue to accrue at the applicable Note Rate on the Note
Principal Balance of Note A-A-1, Note A-A-2 and Note A-B as if the Mortgage Loan were not so converted. In no event shall the
Defaulted Mortgage Loan Purchase Price include amounts due or payable to the Note Holder exercising the right to purchase Note
A-A-1, Note A-A-2 and Note A-B under this Agreement.

 

“Depositor”
shall mean Natixis Commercial Mortgage Securities LLC, a Delaware limited liability company.

 

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

 

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

 

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

 

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

 

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

 

     5

     

    

 

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

 

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

 

“Initial
Note B 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, 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.

 

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

 

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

 

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

 

“Lead
Securitization Notes” shall mean Note A-A-1 and the A-B Note.

 

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

 

“Lead
Securitization Servicing Agreement” shall mean the trust and servicing agreement to be entered into in connection with
the Securitization of the Lead Securitization Notes and issuance of the Natixis Commercial Mortgage Securities Trust 2017-75B,
Commercial

 

     6

     

    

 

Mortgage Pass-Through Certificates, Series 2017-75B, by and among (a) the Trustee, (b) the Master Servicer, (c) the
Special Servicer, (d) the Depositor and (e) the Certificate Administrator.

 

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

 

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

 

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

 

“Monetary
Default” shall have the meaning assigned to such term in Section 32(a).

 

“Monetary
Default Notice” shall have the meaning assigned to such term in Section 32(a).

 

“Monthly
Payment” shall mean have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing
Agreement.

 

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

 

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

 

“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 that certain Loan Agreement, dated as of April 3, 2017, between Natixis, as lender, and 75
Broad, LLC, as borrower, as the same may be further amended, restated, renewed, extended, modified or supplemented from time to
time, subject to the terms hereof.

 

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

 

“Mortgage
Loan Borrower Related Party” shall have the meaning given to the term “Borrower Related Party” in the Lead
Securitization Servicing Agreement.

 

     7

     

    

 

“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.

 

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

 

“Net
Note Rate” means, with respect to each Note, the Note Rate minus the applicable Servicing Fee Rate.

 

“Non-Controlling
Senior Note Holder” means the Note A-A-2 Holder.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

     8

     

    

 

“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 have the meaning assigned to such term in Section 2(f).

 

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

 

“Non-Monetary
Default Cure Period” shall have the meaning assigned to such term in Section 32(d).

 

“Non-Monetary
Default” shall have the meaning assigned to such term in Section 32(d).

 

“Non-Monetary
Default Notice” shall have the meaning assigned to such term in Section 32(d).

 

“Note
Holder Purchase Notice” shall have the meaning assigned to such term in Section 33.

 

“Note(s)”
shall have the meaning assigned to such term in the recitals.

 

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

 

“Note
A-A-1 Holder” shall mean with regards to the Note A-A-1, the Initial Note A-A-1 Holder or any subsequent holder of such
Note A-A-1, as applicable.

 

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

 

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

 

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

 

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

 

“Note
Holders” shall mean collectively, the Initial Note Holders or any subsequent holder of the Notes.

 

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

 

“Note
Principal Balance” shall mean, with respect to each Note, at any time of determination, the Principal Balance for such
Note, as set forth on the Mortgage Loan Schedule, less any payments of principal thereon (or any New Notes issued in substitution
thereof) received

 

     9

     

    

 

by the related Note Holder (or any holders of New Notes in substitution thereof) or reductions in such amount
pursuant to Section 3 or 4, as applicable.

 

“Note
Rate” shall mean, with respect to each Note, the Note Rate set forth on the Mortgage Loan Schedule with respect to such
Note.

 

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

 

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

 

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

 

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

 

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

 

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

 

“Pro
Rata Share” shall mean with respect to each A Note and the Note Holder of such A Note, a fraction, expressed as a percentage,
the numerator of which is the Note Principal Balance of such A Note and the denominator of which is the sum of the Note Principal
Balance of all of the A Notes.

 

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

 

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

 

     10

     

    

 

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

 

(c)          one
or more of the following:

 

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

 

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

 

(iii)       a
Qualified Trustee in connection with (a) a securitization of, (b) the creation of collateralized debt obligations (“CLO”)
secured by, or (c) a financing through an “owner trust” of, a Note or any interest therein (any of the foregoing,
a “Securitization Vehicle”), provided that (1) one or more classes of securities issued by such Securitization
Vehicle is initially rated at least investment grade by each of the Rating Agencies that assigned a rating to one or more classes
of securities issued in connection with a Securitization (it being understood that with respect to any Rating Agency that assigned
such a rating to the securities issued by such Securitization Vehicle, a Rating Agency Confirmation will not be required in connection
with a transfer of such Note or any interest therein to such Securitization Vehicle); (2) the special servicer of such Securitization
Vehicle has a Required Special Servicer Rating or is otherwise acceptable to the Rating Agencies rating each Securitization (such
entity, an “Approved Servicer”) and such Approved Servicer is required to service and administer such Note
or any interest therein in accordance with servicing arrangements for the assets held by the Securitization Vehicle which require
that such Approved Servicer act in accordance with a servicing standard notwithstanding any contrary direction or instruction
from any other Person; or (3) in the case of a Securitization Vehicle that is a CLO, the CLO Asset Manager and, if applicable,
each Intervening Trust Vehicle that is not administered and managed by a CLO Asset Manager 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 $100,000,000, in which (A) any Initial Note Holder, (B) a person that is otherwise

 

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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 either (a) Qualified
Institutional Lenders (without regard to the capital surplus/equity and total asset requirements set forth below in this definition),
or (b) meet the capital surplus/equity and total asset requirements set forth below in this definition, or

 

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

 

in
the case of any entity referred to in clause (c)(i), (ii), (iii), (iv)(B) or (v) of this definition, (x) such entity has at least
$100,000,000 in capital/statutory surplus or shareholders’ equity including uncalled capital commitments (except with respect
to a pension advisory firm, asset manager or similar fiduciary) and at least $250,000,000 in total assets including uncalled capital
commitments (in name or under management), and (y) is regularly engaged in the business of making or owning commercial real estate
loans (or interests therein) 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 (b) above or approved by the Rating Agencies hereunder as a Qualified
Institutional Lender for purposes of this Agreement, or as to which the Rating Agencies have stated they would not review such
entity in connection with the subject transfer.

 

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

 

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

 

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“Rating
Agency Confirmation” shall mean each of the applicable Rating Agencies shall have confirmed in writing 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 Certificates then outstanding. In
the event that no Certificates are outstanding, any action that would otherwise require a Rating Agency Confirmation shall require
the consent of the holder of Note A-A-1, which consent shall not be unreasonably withheld, conditioned or delayed.

 

For
the purposes of this Agreement, if any Rating Agency (1) waives, declines or refuses, in writing, to review or otherwise engage
any request for a confirmation hereunder from such Rating Agency that a proposed action will not result in a qualification, downgrade
or withdrawal of its then current rating of the securities issued pursuant to the related Securitization, or (2) does not reply
to such request or responds in a manner that indicates that such Rating Agency is neither reviewing such request nor waiving the
requirement for Rating Agency Confirmation and the related timing, notice and other applicable provisions set forth in the Lead
Securitization Servicing Agreement and each Non-Lead Securitization Servicing Agreement, as applicable, have been satisfied, then
for such request only, the condition that such confirmation by such Rating Agency (only) be obtained will be deemed not to apply
for purposes of this Agreement. For purposes of clarity, any such waiver, declination or refusal to review or otherwise engage
in any request for such confirmation hereunder shall not be deemed a waiver, declination or refusal to review or otherwise engage
in any subsequent request for such Rating Agency Confirmation hereunder and the condition for such Rating Agency Confirmation
pursuant to this Agreement for any subsequent request shall apply regardless of any previous waiver, declination or refusal to
review or otherwise engage in such prior request.

 

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

 

“Regulation
AB” shall mean subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1125,
as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Securities
and Exchange Commission or by the staff of the Securities and Exchange Commission, or as may be provided by the Securities and
Exchange Commission or its staff from time to time.

 

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

 

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

 

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

 

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commercial mortgage securities on watch citing the continuation of such special servicer as
special servicer of such commercial mortgage loans as a material reason for such downgrade or withdrawal, (iv) in the case of
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, within the twelve (12) month period prior to the date of determination,
such special servicer has acted as special servicer for one or more loans included in a commercial mortgage loan securitization
that was rated by DBRS and DBRS has not downgraded or withdrawn the then-current rating on any class of commercial mortgage securities
or placed any class of commercial mortgage securities on watch citing the continuation of such special servicer as special servicer
of such commercial mortgage loans 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
Interest Payment” shall mean the scheduled payment of interest due on the Mortgage Loan on a Monthly Payment Date.

 

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

 

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

 

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

 

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

 

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

 

“Sequential
Order” shall mean (a) first, to the reduction of the Note Principal Balance of each of the A Notes, on a Pro
Rata and Pari Passu Basis, until the Note Principal Balance of each such Note is reduced to zero, (b) second, to the reduction
of the Note Principal

 

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Balance of the A-B Note until the Note Principal Balance of the A-B Note is reduced to zero and (c) third,
to the reduction of the Note Principal Balance of the B Note until the Note Principal Balance of the B Note is reduced to zero.

 

“Sequential
Pay Event” shall mean any Event of Default with respect to an obligation to pay money due under the Mortgage Loan or
any other Event of Default that causes the Mortgage Loan to become a Specially Serviced Loan (other than as a result of clause
(vii) of the definition of Special Servicing Loan Event in the Lead Securitization Servicing Agreement), or any bankruptcy or
insolvency event that constitutes an Event of Default. A Sequential Pay Event shall no longer exist to the extent it has been
cured (including any cure payment made by the Note B Holder in accordance with Section 32) and shall not be deemed to exist to
the extent the Note B Holder is exercising its cure rights under Section 32.

 

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

 

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

 

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

 

“Servicing
Standard” shall have the meaning assigned to the term “Accepted Servicing Practices” in the Lead Securitization
Servicing Agreement.

 

“Servicing
Transfer Event” shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or such
other analogous term used in the Lead Securitization Servicing Agreement, except that, as provided in Section 32(a)(iii), a Servicing
Transfer Event shall be deemed not to have occurred for so long as the Note B Holder is exercising its cure right hereunder.

 

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

 

“Special
Servicer” shall mean KeyBank National Association, or its successor in interest, or any successor 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.

 

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

 

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

 

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

 

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

 

“Trust
Loan” means the portion of the Mortgage Loan evidenced by the Lead Securitization Notes.

 

“Trustee”
shall mean Wells Fargo Bank, National Association or its successor in interest, or any successor Trustee appointed as provided
in the Lead Securitization Servicing Agreement.

 

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

 

Section
2.     Servicing of the Mortgage Loan.

 

(a)          Each
Note Holder acknowledges and agrees that, as further provided in Section 5 of this Agreement, the Mortgage Loan shall be serviced
from and after the Securitization Date pursuant to the Lead Securitization Servicing Agreement. Each Note Holder acknowledges
that each 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 a securitizing Note Holder at the securitizing Note Holder’s expense, to
effect such Securitization. Subject to the terms and conditions of this Agreement, each Note Holder hereby irrevocably and unconditionally
consents to the appointment of the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee under
the Lead Securitization Servicing Agreement by the Depositor as each such party may be replaced pursuant to the terms of the Lead
Securitization Servicing Agreement and agrees to reasonably cooperate with the Master Servicer and the Special Servicer with respect
to the servicing of the Mortgage Loan in accordance with this Agreement and the Lead Securitization Servicing Agreement. Each
Note Holder hereby irrevocably appoints the Master Servicer, the Special Servicer and the Trustee in the Lead Securitization as
such Note Holder’s attorney-in-fact to sign any documents reasonably required with respect to the administration and servicing
of the Mortgage Loan on its behalf under the Lead Securitization Servicing Agreement (subject at all times to the rights of such
Note Holder set forth herein and in the Lead Securitization Servicing Agreement). In no event shall the Lead Securitization Servicing
Agreement require the Servicer to enforce the rights of any Note Holder against any other Note Holder or limit the Servicer in
enforcing the rights of one Note Holder against any other Note Holder; however, this statement shall not be construed to otherwise
limit the rights of one Note Holder with respect to any other Note Holder. Each Servicer shall be required pursuant to the Lead
Securitization Servicing Agreement to service the Mortgage Loan

 

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in accordance with the Servicing Standard (which shall require,
among other things, that each Servicer, in servicing the Mortgage Loan, must take into account the interests of each Note Holder),
the terms of the Mortgage Loan Documents, this Agreement, the Lead Securitization Servicing Agreement and applicable law, shall
provide information to each Non-Lead Servicer under each Non-Lead Securitization Servicing Agreement to enable each such Non-Lead
Servicer to perform its servicing duties under the related Non-Lead Securitization Servicing Agreement and shall not take any
action or refrain from taking any action or follow any direction inconsistent with the foregoing.

 

(b)          At
any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the Note
Holders agree to cause the Mortgage Loan to be serviced by one or more servicers, each of which has been agreed upon by the Note
Holders, pursuant to a servicing agreement that has servicing terms substantially similar to the Lead Securitization Servicing
Agreement (including, without limitation, all applicable provisions relating to delivery of information and reports necessary
for any Non-Lead Securitization to comply with any applicable reporting requirements under the Securities Exchange Act of 1934,
as amended) and all references herein to the “Lead Securitization Servicing Agreement” shall mean such subsequent
servicing agreement; provided, however, that (1) if a Non-Lead Securitization Note is in a Securitization, then
a Rating Agency Confirmation shall have been obtained from each Rating Agency with respect to such Securitization and (2) until
a replacement servicing agreement has been entered into, the Lead Securitization Note Holder shall cause the Mortgage Loan to
be serviced pursuant to the provisions of the Lead Securitization Servicing Agreement as if such agreement was still in full force
and effect with respect to the Mortgage Loan, by the Servicer in the Lead Securitization or by any Person appointed by the Lead
Securitization Note Holder that is a qualified servicer meeting the requirements of the Lead Securitization Servicing Agreement,
except that the Servicer shall have no obligation to make any P&I Advances on the Lead Securitization Notes or Administrative
Advances.

 

(c)          The
Master Servicer shall be the master servicer on the Mortgage Loan, and from time to time it (or the Trustee, to the extent provided
in the Lead Securitization Servicing Agreement) (i) shall be required to make Servicing Advances and Administrative Advances with
respect to the Mortgage Loan, subject to the terms of the Lead Securitization Servicing Agreement and this Agreement, and (ii)
may be required to make P&I Advances on the Lead Securitization Notes, if and to the extent provided in the Lead Securitization
Servicing Agreement and this Agreement. The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled
to reimbursement for an Advance and interest thereon and Trust Fund Expenses in accordance with the terms of the Lead Securitization
Servicing Agreement and this Agreement.

 

(d)          Each
Non-Lead Securitization Note Holder agrees to indemnify (i) (as and to the same extent the Lead Securitization Trust is required
to indemnify each of the following parties in respect of the Mortgage Loan pursuant to the terms of the Lead Securitization Servicing
Agreement) each of the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee and the Depositor (and
any director, officer, employee or agent of any of the foregoing, to the extent such parties are identified as indemnified parties
in the Lead Securitization Servicing Agreement in respect of the Mortgage Loan) and (ii) the Lead

 

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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 under the Lead Securitization
Servicing Agreement (collectively, the “Indemnified Items”).

 

(e)          Each
Non-Lead Securitization Note Holder agrees to pay its Pro Rata Share of (i) any Servicing Advances or Administrative Advances
and any interest accrued and payable on such advances at the Advance Rate and (ii) any Trust Fund Expenses and any other fees,
costs or expenses incurred in connection with the servicing and administration of the Mortgage Loan (including, without, limitation,
any costs, fees and expenses related to obtaining any Rating Agency Confirmation and any Indemnified Items) in accordance with
the Lead Securitization Servicing Agreement and this Agreement to the extent that such amounts remain unpaid or unreimbursed after
funds received from the Borrower for payment of such amounts and any principal and interest collections allocable to the A-B Note
have been applied to pay such amounts.

 

In
the event that the Servicer or the Special Servicer has determined that expected proceeds of the Mortgage Loan (or foreclosed
property) would be insufficient for reimbursement of (i) any Servicing Advances or Administrative Advances and any interest accrued
and payable on such Advances at the Advance Rate, (ii) the Indemnified Items and (iii) any other Trust Fund Expenses and any other
fees, costs or expenses incurred in connection with the servicing and administration of the Mortgage Loan (including, without,
limitation, any costs, fees and expenses related to obtaining any Rating Agency Confirmation), each Non-Lead Securitization Note
Holder shall be required to, promptly following notice from the Master Servicer, pay the Master Servicer, the Special Servicer,
the Certificate Administrator, the Trustee, or the Lead Securitization Trust, as applicable, the Non-Lead Securitization Note’s
pro rata share of the insufficiency (which shall be determined based on the original principal balance of each Note) and,
if the Non-Lead Securitization Note has been included in a Non-Lead Securitization Trust, such payment shall be made from general
collections on the other mortgage loans in the related Non-Lead Securitization Trust.

 

(f)          The
master servicer under the Securitization of a Non-Lead Securitization Note (a “Non-Lead Master Servicer”) may
be required to make P&I Advances on the related Non-Lead Securitization Note, from time to time, subject to the terms of the
related servicing agreement for the related Securitization (each such agreement, a “Non-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 and the special servicer and the trustee under each Non-Lead Securitization Servicing Agreement (respectively, a “Non-Lead
Special Servicer” and a “Non-Lead Trustee”), as applicable, shall be entitled to make their own recoverability
determination with respect to a P&I Advance to be made on the 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 the related Non-Lead Master Servicer or the related Non-Lead Trustee shall be required to notify
the

 

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other of the amount of its P&I Advance within two business days of making such advance. If the Master Servicer, the Special
Servicer or the Trustee, as applicable (with respect to the Lead Securitization Note) or a Non-Lead Master Servicer, a Non-Lead
Special Servicer or a Non-Lead Trustee, as applicable (with respect to a Non-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, if and to the extent such information
is not already included in the Distribution Date Statement for the month in which such P&I Advance is made, 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 the related Non-Lead Master Servicer or the related Non-Lead Trustee
(as provided in the related Non-Lead Securitization Servicing Agreement, in the case of a determination of non-recoverability
by the related Non-Lead Master Servicer, the related Non-Lead Special Servicer or the related 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 the other Securitization within two business days of making such determination.

 

The
Lead Securitization Servicing Agreement shall contain provisions to the effect that the Lead Securitization Servicing Agreement
may not be amended without the consent of each Non-Lead Securitization Note Holder and the Note B Holder if such amendment would
materially and adversely affect the Mortgage Loan or the rights of any Non-Lead Securitization Note Holder or the Note B Holder
with respect thereto (as determined by such Non-Lead Securitization Note Holder or Note B Holder, as applicable).

 

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

 

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

 

(ii)        in
the event that (A) the Servicer or the Special Servicer has determined that proceeds of the Mortgage Loan (or foreclosed property)
would be insufficient for reimbursement of the amounts described in clause (i) above, the related Non-Lead Master Servicer will
be required to, promptly following notice from the Master Servicer or the Special Servicer, pay the Master Servicer, the Special
Servicer, the Certificate Administrator, the Trustee, or the Lead Securitization Trust, as applicable, such Non-Lead Securitization
Trust’s pro rata share of the insufficiency (which shall be determined based on the original principal balance of
each Note) out of general funds in the

 

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collection account (or equivalent account) established under the related Non-Lead Securitization
Servicing Agreement;

 

(iii)       any
matter affecting the servicing and administration of the Mortgage Loan that requires delivery of a Rating Agency Confirmation
pursuant to the Lead Securitization Servicing Agreement shall also require delivery of a Rating Agency Confirmation under each
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.

 

(h)          The
Non-Lead Securitization Note Holder shall give each of the parties to the Lead Securitization Servicing Agreement (that will not
also be a party to the related Non-Lead Securitization Servicing Agreement) notice of the Non-Lead Securitization in writing (which
may be by e-mail) prior to or promptly following the related Non-Lead Securitization Date. Such notice shall contain contact information
for each of the parties to the related Non-Lead Securitization Servicing Agreement. In addition, after the related Non-Lead Securitization
Date, the related Non-Lead Securitization Note Holder shall send a copy of the related Non-Lead Securitization Servicing Agreement
to each of the parties to the Lead Securitization Servicing Agreement.

 

Section
3.     Priority of Payments. The B Note and the rights of the Note B Holder to receive payments
of interest, principal and other amounts with respect to the B Note shall at all times be junior, subject and subordinate to the
A-B Note and the right of the Note A-B holder to receive payments of interest, principal and other amounts with respect to such
A-B Note, and each of the B Note and the A-B Note and the respective rights of the related Note Holders to receive payments of
interest, principal and other amounts with respect to the B Note or A-B Note, as applicable, shall at all times be junior, subject
and subordinate to each A Note and the right of the Note A Holders to receive payments of interest, principal and other amounts
with respect to such A Note, in each case, as further described below:

 

(a)       If
no Sequential Pay Event, as determined by the applicable Servicer, shall have occurred and be continuing, all amounts tendered
by the Mortgage Loan Borrower or otherwise available for payment on or with respect to or in connection with the Mortgage Loan
or the Mortgaged Property or amounts realized as proceeds thereof, whether received in the form of Monthly Payments, the Balloon
Payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit or other collateral or instrument securing the Mortgage
Loan or Insurance Proceeds or Condemnation Proceeds (other than (1) proceeds, awards or settlements to be applied to the restoration
or repair of a 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, (2) 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,
(3) all amounts received as reimbursements on account of recoveries in respect of Advances then due and payable or reimbursable
to the Servicer or the Non-Lead Master Servicer under the Lead Securitization Servicing Agreement, (4) all amounts that are then
due, payable or reimbursable to any Servicer, Certificate Administrator or Trustee with respect to the Mortgage Loan pursuant
to the Lead Securitization

 

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Servicing Agreement (including, without limitation, reimbursement of Servicing Advances and P&I
Advances on the Lead Securitization Notes and interest thereon) and (5) any amounts that are then due and payable to any Non-Lead
Master Servicer (or Non-Lead Trustee) in respect of any P&I Advances and interest thereon in respect of Note A-A-2) shall
be applied and distributed by the Servicer in the following order of priority without duplication (and payments shall be made
at such times as are set forth in the Lead Securitization Servicing Agreement):

 

(i)          first,
on a Pro Rata and Pari Passu Basis, to pay accrued and unpaid interest on the A Notes (other than default interest) to each Note
Holder of an A Note in an amount equal to the accrued and unpaid interest on the applicable Note Principal Balances at the applicable
Net Note Rate;

 

(ii)        second,
on a Pro Rata and Pari Passu Basis, to each Note Holder of an A Note (A) first, an amount equal to the Percentage Interest
relating to each of the A Notes of all principal payments (excluding any Casualty/Condemnation Prepayment) received, if any, with
respect to the related Monthly Payment Date and (B) then, an amount equal to all Casualty/Condemnation Prepayments received
with respect to the related Monthly Payment Date, in each case until their respective Note Principal Balances have been reduced
to zero;

 

(iii)       third,
to pay accrued and unpaid interest on the A-B Note (other than default interest) to the Note A-B Holder in an amount equal to
the accrued and unpaid interest on the applicable Note Principal Balance at the applicable Net Note Rate;

 

(iv)        fourth,
to the Note A-B Holder (A) first, an amount equal to the Percentage Interest relating to the A-B Note of all principal
payments (excluding any Casualty/Condemnation Prepayment) received, if any, with respect to the related Monthly Payment Date and
(B) then, an amount equal to all remaining Casualty/Condemnation Prepayments received with respect to the related Monthly
Payment Date, in each case until its Note Principal Balances has been reduced to zero;

 

(v)          fifth,
to the extent the Note B Holder has made any payments or advances to cure defaults pursuant to Section 32, to reimburse the Note
B Holder for all such cure payments;

 

(vi)        sixth,
to pay accrued and unpaid interest on the B Note (other than default interest) to the Note B Holder in an amount equal to the
accrued and unpaid interest on the applicable Note Principal Balance at the applicable Net Note Rate;

 

(vii)       seventh,
to the Note B Holder (A) first, an amount equal to the Percentage Interest relating to the B Note of principal payments
(excluding any Casualty/Condemnation Prepayment) received, if any, with respect to the related Monthly Payment Date and (B) then,
an amount equal to all remaining Casualty/Condemnation Prepayments received with respect to the related Monthly Payment Date,
in each case until its Note Principal Balances has been reduced to zero;

 

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(viii)      eighth,
to pay Yield Maintenance Premium then due and payable in respect of the A Notes, on a Pro Rata and Pari Passu Basis, then
the A-B Note and finally the B Note;

 

(ix)        ninth,
to the extent late fees, assumption or transfer fees actually paid by the Mortgage Loan Borrower are not required to be otherwise
applied under the Lead Securitization Servicing Agreement, including, without limitation, to compensate a Servicer under the Lead
Securitization Servicing Agreement, any such late fees, assumption or transfer fees, to the extent actually paid by the Mortgage
Loan Borrower, shall be paid to the Note A-A-1 Holder, Note A-A-2 Holder, Note A-B Holder and Note B Holder, pro rata,
based on their respective initial principal balances;

 

(x)          tenth,
any interest accrued at the applicable default rate, pro rata and pari passu, to (A) the Note A Holders on a Pro
Rata and Pari Passu Basis in an amount calculated on the Note Principal Balance of each of the A Notes at the applicable default
rate, prior to the application of funds contemplated in this Section 3(a), (B) to the Note A-B Holder in an amount calculated
on the Note Principal Balance of Note A-B at the applicable default rate prior to the application of funds contemplated in this
Section 3(a) and (C) to the Note B Holder in an amount calculated on the Note Principal Balance of Note B at the applicable
default rate prior to the application of funds contemplated in this Section 3(a), in each case, to the extent actually
paid by the Mortgage Loan Borrower and not payable to any Servicer pursuant to the Lead Securitization Servicing Agreement; and

 

(xi)        eleventh,
if any excess amount is available to be distributed in respect of the Mortgage Loan, and not otherwise applied in accordance with
the foregoing clauses (i)-(x), any remaining amount shall be paid pro rata to each Note A-A-1 Holder, Note A-A-2 Holder,
Note A-B Holder and Note B Holder based on their initial principal balances.

 

(b)          If
a Sequential Pay Event, as determined by the applicable Servicer in accordance with this Agreement and the Lead Securitization
Servicing Agreement, shall have occurred and be continuing, all amounts tendered by the Mortgage Loan Borrower or otherwise available
for payment on or with respect to or in connection with the Mortgage Loan or the Mortgaged Property or amounts realized as proceeds
thereof, whether received in the form of Monthly Payments, the Balloon Payment, Liquidation Proceeds, proceeds under any guaranty,
letter of credit or other collateral or instrument securing the Mortgage Loan or Insurance Proceeds or Condemnation Proceeds (other
than (1) proceeds, awards or settlements to be applied to the restoration or repair of a 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,
(2) 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, (3) all amounts received as reimbursements on account
of recoveries in respect of Advances then due and payable or reimbursable to the Servicer or the Non-Lead Master Servicer under
the Lead Securitization Servicing Agreement, (4) all amounts that are then due, payable or reimbursable to any Servicer, Certificate
Administrator or Trustee with respect to the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement (including,
without limitation, reimbursement of Servicing Advances and

 

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P&I Advances on the Lead Securitization Notes and interest thereon)
and (5) any amounts that are then due and payable to any Non-Lead Master Servicer (or Non-Lead Trustee) in respect of any P&I
Advances and interest thereon in respect of Note A-A-2) shall be applied and distributed by the Servicer in the following order
of priority without duplication (and payments shall be made at such times as are set forth in the Lead Securitization Servicing
Agreement):

 

(i)          first,
on a Pro Rata and Pari Passu Basis, to pay accrued and unpaid interest on the A Notes (other than default interest) to each Note
Holder of an A Note in an amount equal to the accrued and unpaid interest on the applicable Note Principal Balances at the applicable
Net Note Rate;

 

(ii)        second,
on a Pro Rata and Pari Passu Basis, to each Note Holder of an A Note an amount equal to all principal payments (or other amounts
allocated to principal) received, if any, with respect to the related Monthly Payment Date, until their respective Note Principal
Balances have been reduced to zero;

 

(iii)       third,
to pay accrued and unpaid interest on the A-B Note (other than default interest) to the Note A-B Holder in an amount equal to
the accrued and unpaid interest on the Note Principal Balance of the A-B Note at the applicable Net Note Rate;

 

(iv)        fourth,
on a Pro Rata and Pari Passu Basis, to each Note Holder of an A Note an amount equal to all remaining amounts (other than default
interest) received with respect to the related Monthly Payment Date, until their respective Note Principal Balances have been
reduced to zero;

 

(v)         fifth,
to the Note A-B Holder in an amount equal to all remaining amounts (other than default interest) received with respect to
the related Monthly Payment Date, until its Note Principal Balance has been reduced to zero;

 

(vi)       sixth,
to the extent the Note B Holder has made any payments or advances to cure defaults pursuant to Section 32, to reimburse the Note
B Holder for all such cure payments;

 

(vii)      seventh,
to pay accrued and unpaid interest on the B Note (other than default interest) to the Note B Holder in an amount equal to the
accrued and unpaid interest on the Note Principal Balance of the B Note at the applicable Net Note Rate;

 

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

 

(ix)        ninth,
to pay Yield Maintenance Premium then due and payable in respect of the A Notes, on a Pro Rata and Pari Passu Basis, then
the A-B Note and finally the B Note;

 

(x)         tenth,
to the extent late fees, assumption or transfer fees actually paid by the Mortgage Loan Borrower are not required to be otherwise
applied under the Lead Securitization Servicing Agreement, including, without limitation, to compensate a

 

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Servicer under the Lead
Securitization Servicing Agreement, any such late fees, assumption or transfer fees, to the extent actually paid by the Mortgage
Loan Borrower, shall be paid to the Note A-A-1 Holder, Note A-A-2 Holder, Note A-B Holder and Note B Holder, pro rata,
based on their respective initial principal balances;

 

(xi)        eleventh,
any interest accrued at the applicable default rate, pro rata and pari passu, to (A) the Note A Holders on a Pro
Rata and Pari Passu Basis in an amount calculated on the Note Principal Balance of each of the A Notes at the applicable default
rate, prior to the application of funds contemplated in this Section 3(b), (B) to the Note A-B Holder in an amount calculated
on the Note Principal Balance of Note A-B at the applicable default rate prior to the application of funds contemplated in this
Section 3(b) and (C) to the Note B Holder in an amount calculated on the Note Principal Balance of Note B at the applicable
default rate prior to the application of funds contemplated in this Section 3(b), in each case, to the extent actually
paid by the Mortgage Loan Borrower and not payable to any Servicer pursuant to the Lead Securitization Servicing Agreement; and

 

(xii)       twelfth,
if any excess amount is available to be distributed in respect of the Mortgage Loan, and not otherwise applied in accordance with
the foregoing clauses (i)-(xi), any remaining amount shall be paid pro rata to each Note A-A-1 Holder, Note A-A-2 Holder,
Note A-B Holder and Note B Holder based on their initial principal balances.

 

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

 

Section
4.     Workout. Notwithstanding anything to the contrary contained herein, but subject to
the terms and conditions of the Lead Securitization Servicing Agreement, and the obligation to act in accordance with the Servicing
Standard, if the Lead Securitization Note Holder, or any Servicer, in connection with a workout or proposed workout of the Mortgage
Loan, modifies the terms thereof such that (i) the principal balance of the Mortgage Loan is decreased, (ii) the applicable Note
Rate is reduced, (iii) payments of interest or principal on any Note are waived, reduced or deferred or (iv) any other adjustment
is made to any of the payment terms of the Mortgage Loan, such modification shall not alter, and any modification of the Mortgage
Loan Documents shall be structured to preserve, the Sequential Order of payment of the Notes and all payments to the Note A Holders
pursuant to Section 3 shall be made as though such workout did not occur, with the payment terms of each A Note remaining the
same as they are on the date hereof, and the full economic effect of all waivers, reductions or deferrals of amounts due on the
Mortgage Loan attributable to such workout shall be borne, first, by the Note B Holder (up to its Note Principal Balance,
together with accrued interest thereon at the applicable Note Rate and any other amounts due to the Note B Holder), second,
by the Note A-B Holder (up to its Note Principal Balance, together with accrued interest thereon at the applicable Note Rate and
any other amounts due to the Note A-B Holder) and then, by the Note A Holders,

 

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on a Pro Rata and Pari Passu Basis (up to
their respective Note Principal Balances, together with accrued interest thereon at the applicable Note Rate and any other amounts
due to each Note A Holder, as applicable). Any recoveries in connection with a workout of the Mortgage Loan will be allocated
first, to the Note A Holders, on a Pro Rata and Pari Passu Basis, based on their respective Note Principal Balances (up
to their respective Note Principal Balances, together with accrued interest thereon at the applicable Note Rate and any other
amounts due to each Note A Holder, as applicable), second, to the Note A-B Holder (up to its Note Principal Balance, together
with accrued interest thereon at the applicable Note Rate and any other amounts due to the Note A-B Holder) and then, to
the Note B Holder (up to its Note Principal Balance, together with accrued interest thereon at the applicable Note Rate and any
other amounts due to the Note B Holder).

 

Section
5.     Administration of the Mortgage Loan.

 

(a)          Subject
to this Agreement (including but not limited to Section 6(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 behalf of the Lead Securitization Note Holder) shall have the
sole and exclusive authority with respect to the administration of, and exercise of rights and remedies with respect to, the Mortgage
Loan, including, without limitation, the sole authority to modify or waive any of the terms of the Mortgage Loan Documents or
consent to any action or failure to act by the Mortgage Loan Borrower or any other party to the Mortgage Loan Documents, call
or waive any Event of Default, accelerate the Mortgage Loan or institute any foreclosure action or other remedy, and neither the
Non-Lead Securitization Note Holder nor the Note B Holder shall have any voting, consent or other rights whatsoever except as
explicitly set forth herein with respect to the Lead Securitization Note Holder’s administration of, or exercise of its
rights and remedies with respect to, the Mortgage Loan. Subject to this Agreement and the Lead Securitization Servicing Agreement,
each of the Non-Lead Securitization Note Holder and the Note B Holder agrees that it shall have no right to, and hereby presently
and irrevocably assigns and conveys to the Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the
Trustee acting on behalf of the Lead Securitization Note Holder) the rights, if any, that such Note Holder has to, (i) call or
cause the Lead Securitization Note Holder to call an Event of Default under the Mortgage Loan, or (ii) exercise any remedies with
respect to the Mortgage Loan or the Mortgage Loan Borrower, including, without limitation, filing or causing the Lead Securitization
Note Holder to file any bankruptcy petition against the Mortgage Loan Borrower. The Lead Securitization Note Holder (or the Master
Servicer, the Special Servicer or the Trustee acting on behalf of the Lead Securitization Note Holder) shall not have any fiduciary
duty to any Non-Lead Securitization Note Holder or the Note B 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).

 

Upon
the Mortgage Loan becoming a Specially Serviced Loan, each of the Non-Lead Securitization Note Holder and the Note B Holder hereby
acknowledges the right and obligation of the Lead Securitization Note Holder (or the Special Servicer acting on behalf of the

 

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Lead Securitization Note Holder) to sell the Non-Lead Securitization Note and the B Note together with the Lead Securitization
Notes as notes evidencing one whole loan in accordance with the terms of the Lead Securitization Servicing Agreement, subject
to: (1) if a Control Appraisal Period is no continuing, the right of the Note B Holder as Controlling Note Holder pursuant to
Section 6(c), and (2) if a Control Appraisal Period has occurred and is continuing, the Lead Securitization Note Holder (or the
Special Servicer acting on its behalf) will not be permitted to sell the Mortgage Loan if the Mortgage Loan becomes a Specially
Serviced Loan without the written consent of the Note B Holder (provided that such consent is not required from the Note
B Holder if it is a Mortgage Loan Borrower Related Party) unless the Special Servicer has delivered to the Note B Holder: (a)
at least 15 business days prior written notice of any decision to attempt to sell the Mortgage Loan; (b) at least 10 days prior
to the proposed sale date, a copy of each bid package (together with any material amendments to such bid packages) received by
the Special Servicer in connection with any such proposed sale; (c) at least 10 days prior to the proposed sale date, a copy of
the most recent appraisal for the Mortgage Loan, and any documents in the servicing file reasonably requested by the Note B Holder
that are material to the price of the Mortgage Loan; and (d) until the sale is completed, and a reasonable period of time (but
no less time than is afforded to other offerors) prior to the proposed sale date, all information and other documents being provided
to other offerors and all leases or other documents that are approved by the Servicer or the Special Servicer in connection with
the proposed sale; provided that the Note B Holder may waive any of the delivery or timing requirements described in this
sentence.

 

Notwithstanding
the foregoing, the Lead Securitization Note Holder (or the Special Servicer acting on its behalf) will not be permitted to sell
the Mortgage Loan if the Mortgage Loan becomes a Specially Serviced Loan without the written consent of the Non-Lead Securitization
Note Holder (provided that such consent is not required from the Non-Lead Securitization Note Holder if such Note Holder
is a Mortgage Loan Borrower Related Party) unless the Special Servicer has delivered to the Non-Lead Securitization Note Holder:
(a) at least 15 business days prior written notice of any decision to attempt to sell the Mortgage Loan; (b) at least 10 days
prior to the proposed sale date, a copy of each bid package (together with any material amendments to such bid packages) received
by the Special Servicer in connection with any such proposed sale; (c) at least 10 days prior to the proposed sale date, a copy
of the most recent appraisal for the Mortgage Loan, and any documents in the servicing file reasonably requested by such Non-Lead
Securitization Note Holder that are material to the price of the Mortgage Loan; and (d) until the sale is completed, and a reasonable
period of time (but no less time than is afforded to other offerors) prior to the proposed sale date, all information and other
documents being provided to other offerors and all leases or other documents that are approved by the Servicer or the Special
Servicer in connection with the proposed sale; provided that such Non-Lead Securitization Note Holder may waive any of
the delivery or timing requirements described in this sentence. Subject to the terms of the Lead Securitization Servicing Agreement,
each of the Non-Lead Securitization Note Holder (or such Note Holder’s representative) that is not a Mortgage Loan Borrower
Related Party shall be permitted to submit an offer at any sale of the Mortgage Loan.

 

In
connection with any such sale, the Special Servicer shall be required to sell the Non-Lead Securitization Note and the B Note
together with the Lead Securitization Notes in the manner set forth in the Lead Securitization Servicing Agreement.

 

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Each
of the Non-Lead Securitization Note Holder and the Note B Holder hereby appoints the Lead Securitization Note Holder as its agent,
and grants to the Lead Securitization Note Holder an irrevocable power of attorney coupled with an interest, and its proxy, for
the purpose of soliciting and accepting offers for and consummating the sale of the Non-Lead Securitization Note and the B Note.
Each of the Non-Lead Securitization Note Holder and the Note B Holder further agrees that, upon the request of the Lead Securitization
Note Holder, it shall execute and deliver to or at the direction of Lead Securitization Note Holder such powers of attorney or
other instruments as the Lead Securitization Note Holder may reasonably request to better assure and evidence the foregoing appointment
and grant, in each case promptly following request, and shall deliver the related original Non-Lead Securitization Note and B
Note, endorsed in blank, to or at the direction of the Lead Securitization Note Holder in connection with the consummation of
any such sale.

 

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

 

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

 

Anything
herein or in the Lead Securitization Servicing Agreement to the contrary notwithstanding, in the event that one of the Notes is
included in a REMIC, such other Note Holder shall not be required to reimburse such Note Holder or any other Person for payment
of (i) any taxes imposed on such REMIC, (ii) any costs or expenses relating to the administration of such REMIC or to any determination
respecting the amount, payment or avoidance of any tax under such REMIC or (iii) any advances for any of the foregoing or any
interest thereon or for deficits in other items of disbursement or income resulting from the use of

 

     27

     

    

 

funds for payment of any such
taxes, costs or expenses or advances, nor shall any disbursement or payment otherwise distributable to the other Note Holders
be reduced to offset or make-up any such payment or deficit.

 

(c)          The
Mortgage Loan shall be treated as a single loan for purposes of calculating the Appraisal Reduction Amount. Appraisal Reduction
Amounts with respect to the Mortgage Loan shall be allocated, first, to the B Note up to its outstanding principal balance,
second, to the A-B Note up to its outstanding principal balance, and then to the A Notes on a pro rata and
pari passu basis (based on their relative outstanding principal balances).

 

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

 

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

 

(e)          The
Note B Holder shall be entitled to avoid a Control Appraisal Period caused by application of an Appraisal Reduction Amount upon
satisfaction of the following (which must be completed within thirty (30) days of the receipt of a third party Appraisal that
indicates such Control Appraisal Period has occurred): (i) such Note Holder shall have delivered as a supplement to the Appraised
Value of the Mortgaged Property, in the amount specified in clause (ii) below, to the Servicer, together with documentation
acceptable to the Servicer in

 

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accordance with the Servicing Standard to create and perfect a first priority security interest
in favor of the Note A-B Holder and the Note A Holders in such collateral (a) cash collateral for the benefit of the A-B Note
and the A Notes, and acceptable to, the Servicer or (b) an unconditional and irrevocable standby letter of credit with the Note
A-B Holder and the Note A Holders as the beneficiary, issued by a bank or other financial institutions the long term unsecured
debt obligations of which are at all times rated at least “AA” by S&P, “A” by Fitch and “Aa2”
by Moody’s or the short term obligations of which are rated at least “A-1+” by S&P, “F-1” by
Fitch and “P-1” by Moody’s (either (a) or (b), the “Threshold Event Collateral”),
and (ii) the Threshold Event Collateral shall be in an amount which, when added to the Appraised Value of the Mortgaged Property
as determined pursuant to the Lead Securitization Servicing Agreement, would cause the applicable Control Appraisal Period not
to occur. If the requirements of this paragraph are satisfied by the Note B Holder (a “Threshold Event Cure”),
no Control Appraisal Period caused by application of an Appraisal Reduction Amount shall be deemed to have occurred. If a letter
of credit is furnished as Threshold Event Collateral, the Note B Holder shall be required to renew such letter of credit not later
than thirty (30) days prior to expiration thereof or to replace such letter of credit with a substitute letter of credit or other
Threshold Event Collateral with an expiration date that is greater than forty-five (45) days from the date of substitution; provided,
however, that, if a letter of credit is not renewed prior to thirty (30) days prior to the expiration date of such letter
of credit, the letter of credit shall provide that the Servicer may (and at the direction of the Note B Holder shall) draw upon
such letter of credit and hold the proceeds thereof as Threshold Event Collateral. If a letter of credit is furnished as Threshold
Event Collateral, the Note B Holder shall be required to replace such letter of credit with other Threshold Event Collateral within
thirty (30) days if the credit ratings of the issuing entity are downgraded below the required ratings; provided, however,
that, if such Threshold Event Collateral is not so replaced, the Servicer shall draw upon such letter of credit and hold the proceeds
thereof as Threshold Event Collateral. The Threshold Event Cure shall continue until (i) the Appraised Value of the Mortgaged
Property plus the value of the Threshold Event Collateral would not be sufficient to prevent a Control Appraisal Period from occurring;
or (ii) final liquidation of the Mortgage Loan or REO Property. If the Appraised Value of the Mortgaged Property, upon any redetermination
thereof, is sufficient to avoid the occurrence of a Control Appraisal Period without taking into consideration any, or some portion
of, Threshold Event Collateral previously delivered by the Note B Holder any or such portion of Threshold Event Collateral held
by the Servicer shall promptly be returned to the Note B Holder (at its sole expense). Upon final liquidation or repayment of
the Mortgage Loan or REO Property with respect to the Mortgage Loan, such Threshold Event Collateral shall be available to reimburse
each Note Holder for any realized loss pursuant to Section 3 or 4, as applicable, with respect to the Mortgage Loan
after application of the net proceeds of liquidation, not in excess of the Note Principal Balances of the Notes, plus accrued
and unpaid interest thereon at the applicable interest rate and all other expenses reimbursable under this Agreement and under
the Lead Securitization Servicing Agreement. 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.

 

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

 

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

 

(a)          The
Controlling Note Holder shall have the right at any time to appoint a representative in connection with the exercise of its rights
and obligations with respect to the Mortgage Loan (the “Controlling Note Holder Representative”). The Controlling
Note Holder shall have the right in its sole discretion at any time and from time to time to remove and replace the Controlling
Note Holder Representative in accordance with the terms of the Lead Securitization Servicing Agreement. When exercising its various
rights under Section 5 and elsewhere in this Agreement, the Controlling Note Holder may, at its option, in each case, act through
the Controlling Note Holder Representative. The Controlling Note Holder Representative may be any Person (other than the Mortgage
Loan Borrower, its principal or any Affiliate of the Mortgage Loan Borrower), including, without limitation, the Controlling Note
Holder, any officer or employee of the Controlling Note Holder, any affiliate of the Controlling Note Holder or any other unrelated
third party. No such Controlling Note Holder Representative shall owe any fiduciary duty or other duty to any other Person (other
than the Controlling Note Holder). All actions that are permitted to be taken by the Controlling Note Holder under this Agreement
may be taken by the Controlling Note Holder Representative acting on behalf of the Controlling Note Holder. No Servicer, Trustee
or Certificate Administrator acting on behalf of the Lead Securitization Note Holder shall be required to recognize any Person
as a Controlling Note Holder Representative until the Controlling Note Holder has notified each Servicer, Trustee and Certificate
Administrator of such appointment and, if the Controlling Note Holder Representative is not the same Person as the Controlling
Note Holder, the Controlling Note Holder Representative provides each Servicer, Trustee and Certificate Administrator with written
confirmation of its acceptance of such appointment, an address and facsimile number for the delivery of notices and other correspondence
and a list of officers or employees of such Person with whom the parties to this Agreement may deal (including their names, titles,
work addresses and facsimile numbers). The Controlling Note Holder shall promptly deliver such information to each Servicer, Trustee
and Certificate Administrator.

 

(b)          Neither
the Controlling Note Holder Representative nor the Controlling Note Holder will have any liability to the other Note Holders or
any other Person for any action taken, or for refraining from the taking of any action or the giving of any consent or the failure
to give any consent pursuant to this Agreement or the Lead Securitization Servicing Agreement, or errors in judgment, absent any
loss, liability or expense incurred by reason of its willful misfeasance, bad faith or gross negligence. The Note Holders agree
that the Controlling Note Holder Representative and the Controlling Note Holder (whether acting in place of the Controlling Note
Holder Representative when no Controlling Note Holder Representative shall have been appointed hereunder or otherwise exercising
any right, power or privilege granted to the Controlling Note Holder hereunder) may take or refrain from taking actions, or give
or refrain from giving consents, that favor the interests of one Note Holder over the other Note Holder, and that the Controlling
Note Holder Representative may have special relationships and interests that conflict with the interests of a Note Holder and,
absent willful misfeasance, bad faith or gross negligence on the part of the Controlling Note Holder Representative or the Controlling
Note Holder, as the case may be, agree to take no action against the Controlling Note Holder Representative, the Controlling Note
Holder or any of their respective officers,

 

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directors, employees, principals or agents as a result of such special relationships
or interests, and that neither the Controlling Note Holder Representative nor the Controlling Note Holder will be deemed to have
been grossly negligent or reckless, or to have acted in bad faith or engaged in willful misfeasance or to have recklessly disregarded
any exercise of its rights by reason of its having acted or refrained from acting, or having given any consent or having failed
to give any consent, solely in the interests of any Note Holder.

 

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

 

If
the Controlling Note Holder fails to notify the Special Servicer of its approval or disapproval of any proposed Major Decision
within ten (10) Business Days after delivery to the Controlling Note Holder by the applicable Servicer of written notice of a
proposed Major Decision, together with any information requested by the Controlling Note Holder as may be necessary in the reasonable
judgment of the Controlling Note Holder in order to make a judgment, then upon the expiration of such ten (10) Business Days such
Major Decision shall be deemed to have been approved by the Controlling Note Holder.

 

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

 

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No
objection contemplated by the preceding paragraphs may require or cause the 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 Servicer or Special Servicer’s obligation to act in accordance with the Servicing
Standard or materially expand the scope of responsibilities of any of the Servicer or Special Servicer, as applicable.

 

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

 

(d)          Each
Non-Controlling Senior 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 “Non-Controlling Senior Note Holder Representative”).
Each Non-Controlling Senior Note Holder shall have the right in its sole discretion at any time and from time to time to remove
and replace the Non-Controlling Senior Note Holder Representative in accordance with the terms of the Lead Securitization Servicing
Agreement. When exercising its various rights under Section 5 and elsewhere in this Agreement, each Non-Controlling Senior Note
Holder may, at its option, in each case, act through the Non-Controlling Senior Note Holder Representative. The Non-Controlling
Senior Note Holder Representative may be any Person (other than a Mortgage Loan Borrower Related Party), including, without limitation,
the related Non-Controlling Senior Note Holder, any officer or employee of the related Non-Controlling Senior Note Holder, any
affiliate of the related Non-Controlling Senior Note Holder or any other unrelated third party. No such Non-Controlling Senior
Note Holder Representative shall owe any fiduciary duty or other duty to any other Person (other than such Non-Controlling Senior
Note Holder). All actions that are permitted to be taken by each Non-Controlling Senior Note Holder under this Agreement may be
taken by a Non-Controlling Senior Note Holder Representative acting on behalf of such Non-Controlling Senior Note Holder.

 

(e)          No
Servicer, Trustee or Certificate Administrator acting on behalf of the Lead Securitization Note Holder shall be required to recognize
any Person as a Non-Controlling Senior Note Holder Representative until the related Non-Controlling Senior Note Holder has notified
each Servicer, Trustee and Certificate Administrator of such appointment and, if the Non-Controlling Senior Note Holder Representative
is not the same Person as the related Non-

 

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Controlling Senior Note Holder, the Non-Controlling Senior Note Holder Representative
provides each Servicer, Trustee and Certificate Administrator with written confirmation of its acceptance of such appointment
(and such parties will be entitled to rely on such notice), an address and facsimile number for the delivery of notices and other
correspondence and a list of officers or employees of such Person with whom the parties to this Agreement may deal (including
their names, titles, work addresses and facsimile numbers). The related Non-Controlling Senior Note Holder shall promptly deliver
such information to each Servicer, Trustee and Certificate Administrator.

 

(f)          For
so long as the Lead Securitization has not been terminated, after the termination of a Subordinate Consultation Period (and for
so long as such termination remains in effect), (1) the Lead Securitization Note Holder (or the Special Servicer acting on its
behalf) shall be required to provide to each Non-Controlling Senior Note Holder (or its related Non-Controlling Senior Note Holder
Representative) (i) notice, information and reports with respect to any Major Decisions (similar to such notice, information and
report it would have been required to deliver to the Directing Holder pursuant to the Lead Securitization Servicing Agreement
had the Subordinate Consultation Period not been terminated) and (ii) a summary of the Asset Status Report relating to the Mortgage
Loan (at the same time as it would have been required to deliver to the Directing Holder pursuant to the Lead Securitization Servicing
Agreement had the Subordinate Consultation Period not been terminated) and (2) the Lead Securitization Note Holder (or the Special
Servicer acting on its behalf) shall be required to consult with each Non-Controlling Senior Note Holder (or its related Non-Controlling
Senior Note Holder Representative) on a strictly non-binding basis with respect to any such Major Decision or the implementation
of any recommended actions in the summary of the Asset Status Report relating to the Mortgage Loan, and consider alternative actions
recommended by the related Non-Controlling Senior Note Holder (or its related Non-Controlling Senior Note Holder Representative);
provided that after the expiration of a period of ten (10) Business Days from the delivery to a Non-Controlling Senior Note Holder
(or its related Non-Controlling Senior Note Holder Representative) by the Lead Securitization Note Holder of written notice of
a proposed action, together with copies of the notice, information and report required to be provided to the Non-Controlling Senior
Note Holder, the Lead Securitization Note Holder (or the Special Servicer acting on its behalf) shall no longer be obligated to
consult with such Non-Controlling Senior Note Holder (or its related Non-Controlling Senior Note Holder Representative), whether
or not such Non-Controlling Senior Note Holder (or its related Non-Controlling Senior Note Holder Representative) has responded
within such ten (10) Business Day period (unless, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer
acting on its behalf) proposes a new course of action that is materially different from the action previously proposed, in which
case such ten (10) Business Day period shall be deemed to begin anew from the date of such proposal and delivery of all information
relating thereto). Notwithstanding the consultation rights of any Non-Controlling Senior Note Holder (or its related Non-Controlling
Senior Note Holder Representative) set forth in the immediately preceding sentence, the Lead Securitization Note Holder (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 Special Servicer) determines
that immediate action with respect thereto is necessary to protect the interests of the Note Holders. In no event shall the Lead
Securitization Note Holder (or Servicer or Special Servicer, acting on its behalf) be obligated at any time to follow or take
any alternative

 

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actions recommended by any Non-Controlling Senior Note Holder (or its related Non-Controlling Senior Note Holder
Representative).

 

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

 

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 and collections on the Mortgage Loan to the Collection Account and the portion of such payments and collections that
are distributable to the Non-Lead Securitization Note Holders and the Note B Holder shall be deposited into the Companion Loan
Account pursuant to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or
the Master Servicer acting on its behalf) shall deposit such amounts to the applicable account within two (2) Business Days after
receipt of properly identified funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) from
or on behalf of the Mortgage Loan Borrower.

 

(b)          If
the Lead Securitization Note Holder (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 Servicer or paid to
any other Person, then, notwithstanding any other provision of this Agreement, the Lead Securitization Note Holder (or the Master
Servicer acting on its behalf) shall not be required to distribute any portion thereof to the Note Holders and each Note Holder
shall promptly on demand by the Lead Securitization Note Holder (or the Master Servicer acting

 

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on its behalf) repay to the Lead
Securitization Note Holder (or the Master Servicer acting on its behalf) any portion thereof that the Lead Securitization Note
Holder (or the Master Servicer acting on its behalf) shall have theretofore distributed to such 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, 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 a Note
Holder before the Lead Securitization Note Holder 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
(or the Master Servicer acting on its behalf) does not receive the corresponding payment within five (5) Business Days of its
payment to the related Note Holder, such Note Holder shall, at the Lead Securitization Note Holder’s 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 Lead Securitization Note Holder (or the
Master Servicer acting on its behalf), subject to this Agreement and the Lead Securitization Servicing Agreement. The Lead Securitization
Note Holder (or the Master Servicer acting on its behalf) shall have the right to offset any amounts due hereunder from a 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 Note Holder’s obligations under this Section 8 constitute absolute, unconditional and continuing obligations.

 

Section
9.     Limitation on Liability of the Note Holders. Each Note Holder shall have no liability
to any other Note Holder with respect to its Note except with respect to losses actually suffered due to the negligence, willful
misconduct or breach of this Agreement on the part of such Note Holder.

 

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

 

Section
10.   Bankruptcy. Subject to Section 6(c), each Note Holder hereby .covenants and agrees that only
the Lead Securitization Note Holder has the right to institute, file, commence, acquiesce, petition under Bankruptcy Code Section
303 or otherwise or join any

 

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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 can make any election, give any consent, commence any action or file any motion,
claim, obligation, notice or application or take any other action in any case by or against the Mortgage Loan Borrower under the
Bankruptcy Code or in any other Insolvency Proceeding. The Note Holders hereby appoint the Lead Securitization Note Holder as
their agent, and grant to the Lead Securitization Note Holder an irrevocable power of attorney coupled with an interest, and their
proxy, for the purpose of exercising any and all rights and taking any and all actions available to the Note Holders in connection
with any case by or against the Mortgage Loan Borrower under the Bankruptcy Code or in any other Insolvency Proceeding, including,
without limitation, the right to file and/or prosecute any claim, vote to accept or reject a plan, to make any election under
Section 1111(b) of the Bankruptcy Code with respect to the Mortgage Loan, and to file a motion to modify, lift or terminate the
automatic stay with respect to the Mortgage Loan. The Note Holders hereby agree that, upon the request of the Lead Securitization
Note Holder, each other Note Holder shall execute, acknowledge and deliver to the Lead Securitization Note Holder all and every
such further deeds, conveyances and instruments as the Lead Securitization Note Holder may reasonably request for the better assuring
and evidencing of the foregoing appointment and grant. All actions taken by the Servicer in connection with any Insolvency Proceeding
are subject to and must be in accordance with the Servicing Standard.

 

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

 

The
Note B Holder acknowledges that it has, independently and without reliance upon the Lead Securitization Note Holder or the Non-Lead
Securitization Note Holder, except

 

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with respect to the representations and warranties provided by the Lead Securitization Note
Holder and the Non-Lead Securitization Note Holder herein, and based on such documents and information as it has deemed appropriate,
made its own credit analysis and decision to purchase the B Note and the Note B Holder accepts responsibility therefor. The Note
B Holder hereby acknowledges that, other than the representations and warranties provided herein, the Lead Securitization Note
Holder and the Non-Lead Securitization Note Holder have made no representations or warranties with respect to the Mortgage Loan,
subject to such representations and warranties as provided by the Lead Securitization Note Holder and the Non-Lead Securitization
Note Holder herein, and that the Lead Securitization Note Holder and the Non-Lead Securitization Note Holder shall have no responsibility
for (i) the collectibility of the Mortgage Loan, (ii) the validity, enforceability or legal effect of any of the Mortgage Loan
Documents or the title insurance policy or policies or any survey furnished or to be furnished to the Lead Securitization Note
Holder or the Non-Lead Securitization Note Holder in connection with the origination of the Mortgage Loan, (iii) the validity,
sufficiency or effectiveness of the lien created or to be created by the Mortgage Loan Documents, or (iv) the financial condition
of the Mortgage Loan Borrower. The Note B Holder assumes all risk of loss in connection with the B Note except as specifically
set forth herein.

 

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

 

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

 

Section
14.     Sale of the Notes.

 

(a)          Each
Note Holder agrees that it will not sell, assign, transfer, pledge, syndicate, participate, hypothecate, contribute, encumber
or otherwise dispose (either (i) directly or (ii) indirectly through entering into a derivatives contract or any other similar
agreement, excluding a repo financing or a Pledge in accordance with Section 14(d)) of a Note (a “Transfer”)
except to a Qualified Institutional Lender. Promptly after the Transfer, the non-

 

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transferring Note Holders shall be provided with
(x) a representation from a transferee or the applicable Note Holder certifying that such transferee is a Qualified Institutional
Lender (except in the case of a Transfer to a Securitization (and the related pooling and servicing or similar agreement requires
the parties thereto to comply with this Agreement) or a Transfer that is made in accordance with the immediately following sentence)
and (y) a copy of the assignment and assumption agreement referred to in Section 15. If a Note Holder intends to Transfer its
respective Note, or any portion thereof, to an entity that is not a Qualified Institutional Lender, it must first obtain (x) prior
to a Securitization, the consent of each non-transferring Note Holder or (2) after a Securitization of such non-transferring Note
Holder’s Note, Rating Agency Confirmation. Notwithstanding the foregoing, without the non-transferring Note Holder’s
prior consent (which will not be unreasonably withheld, conditioned or delayed), and, if such non-transferring Note Holder’s
Note is held in a Securitization Trust, without Rating Agency Confirmation, no Note Holder shall Transfer all or any portion of
its Note (or a participation interest in such Note) to 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 will pay the expenses of the non-transferring Note Holder (including all expenses of the Master Servicer,
the Special Servicer and the Trustee) and all expenses relating to the confirmation from the Rating Agencies in connection with
any such Transfer. Notwithstanding the foregoing, each Note Holder shall have the right, without the need to obtain the consent
of any other Note Holder, the Rating Agencies or any other Person, to Transfer 49% or less (in the aggregate) of its Note or any
beneficial interest in its Note. None of the provisions of this Section 14(a) shall apply in the case of (1) a sale of all of
the Notes in accordance with the terms and conditions of the Lead Securitization Servicing Agreement or (2) a transfer by the
Special Servicer, in accordance with the terms and conditions of the Lead Securitization Servicing Agreement, of the Mortgage
Loan or the Mortgaged Property, upon the Mortgage Loan becoming a Specially Serviced 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” (or
the equivalent) or better by each Rating Agency (a “Note Pledgee”), on terms and conditions set forth in this
Section 14(c), it being further agreed that a financing provided by a Note Pledgee to a Note Holder or any Person which Controls
such Note that is secured by its Note and is structured as a repurchase arrangement, shall qualify as a “Pledge” hereunder,

 

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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 any other Note Holder and any Servicer that
a Pledge has been effected (including the name and address of the applicable Note Pledgee), such other Note Holder agrees to acknowledge
receipt of such notice and thereafter agrees: (i) to give Note Pledgee written notice of any default by the pledging Note Holder
in respect of its obligations under this Agreement of which default such Note Holder has actual knowledge; (ii) to allow such
Note Pledgee a period of ten (10) days to cure a default by the pledging Note Holder in respect of its obligations to any 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 the other Note Holders and any Servicer
by such Note Pledgee that the pledging Note Holder is in default, beyond any applicable cure periods, under the pledging Note
Holder’s obligations to such Note Pledgee pursuant to the applicable credit agreement between the pledging Note Holder and
such Note Pledgee (which notice need not be joined in or confirmed by the pledging Note Holder), and until such Redirection Notice
is withdrawn or rescinded by such Note Pledgee, Note Pledgee shall be entitled to receive any payments that any Note Holder or
Servicer would otherwise be obligated to pay to the pledging Note Holder from time to time pursuant to this Agreement or the Lead
Securitization Servicing Agreement. Any pledging Note Holder hereby unconditionally and absolutely releases the other Note Holders
and any Servicer from any liability to the pledging Note Holder on account of such other Note Holder’s or Servicer’s
compliance with any Redirection Notice believed by any Servicer or such other Note Holder to have been delivered by a Note Pledgee.
A Note Pledgee shall be permitted to exercise fully its rights and remedies against the pledging Note Holder to such Note Pledgee
(and accept an assignment in lieu of foreclosure as to such collateral), in accordance with applicable law and this Agreement.
In such event, the Note Holders and any Servicer shall recognize such Note Pledgee (and any transferee other than the Mortgage
Loan Borrower or any Affiliate thereof which is also a Qualified Institutional Lender at any foreclosure or similar sale held
by such Note Pledgee or any transfer in lieu of foreclosure), and its successor and assigns, as the successor to the pledging
Note Holder’s rights, remedies and obligations under this Agreement, and any such Note Pledgee or Qualified Institutional
Lender shall assume in writing the obligations of the pledging Note Holder hereunder accruing from and after such Transfer (i.e.,
realization upon the collateral by such Note Pledgee) and agrees to be bound by the terms and provisions of this Agreement. The
rights of a Note Pledgee under this Section 14(c) shall remain effective as to any Note Holder (and any Servicer) unless and until
such Note Pledgee shall have notified any such Note Holder (and any Servicer, as applicable) in writing that its interest in the
pledged Note has terminated.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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provisions of Section 14 and this Section 15. Any such purported
transfer shall be absolutely null and void and shall vest no rights in the purported transferee. Each Note Holder desiring to
effect such transfer shall, and does hereby agree to, indemnify the Agent and the other Note Holders against any liability that
may result if the transfer is not made in accordance with the provisions of this Agreement.

 

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

 

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

 

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

 

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

 

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

 

Section
18.     Modifications. This Agreement shall not be modified, cancelled or terminated except
by an instrument in writing signed by each Note Holder. Additionally, for as long as any Note is contained in a Securitization
Trust, the Note Holders shall not amend or

 

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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 (i) to cure any ambiguity,
to correct or supplement any provisions herein that may be defective or inconsistent with any other provisions herein or with
the Lead Securitization Servicing Agreement, (ii) to make other provisions with respect to matters or questions arising under
this Agreement, which shall not be inconsistent with the provisions of this Agreement, (iii) entered into pursuant to Section
31 of this Agreement or (iv) if and to the extent that it would be deemed given or not required pursuant to the definition of
Rating Agency Confirmation in the Lead Securitization Servicing Agreement and/or any Non-Lead Securitization Servicing Agreement,
as applicable.

 

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

 

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

 

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

 

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

 

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

 

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 a Note Holder with
respect to the Mortgage Loan as a result of such Note Holder constituting a Non-Exempt Person, the Lead Securitization Note

 

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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 Note Holder with a statement setting forth
the amount of Taxes withheld, the applicable rate and other information which may reasonably be requested for purposes of assisting
such Note Holder to seek any allowable credits or deductions for the Taxes so withheld in each jurisdiction in which such Note
Holder is subject to tax.

 

(b)          Each
Non-Lead Securitization Note Holder and the Note B 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 reasonable attorneys’
fees and disbursements arising or resulting from any failure of the Lead Securitization Note Holder (or the Master Servicer on
its behalf) to withhold Taxes from payment made to such Non-Lead Securitization Note Holder or Note B Holder in reliance upon
any representation, certificate, statement, document or instrument made or provided by such Non-Lead Securitization Note Holder
or Note B Holder to the Lead Securitization Note Holder in connection with the obligation of the Lead Securitization Note Holder
to withhold Taxes from payments made to such Non-Lead Securitization Note Holder or Note B Holder, it being expressly understood
and agreed that (i) the Lead Securitization Note Holder shall be absolutely and unconditionally entitled to accept any such representation,
certificate, statement, document or instrument as being true and correct in all respects and to fully rely thereon without any
obligation or responsibility to investigate or to make any inquiries with respect to the accuracy, veracity, correctness or validity
of the same and (ii) such Non-Lead Securitization Note Holder and Note B Holder, upon request of the Lead Securitization Note
Holder and at its sole cost and expense, shall defend any claim or action relating to the foregoing indemnification using counsel
selected by the Lead Securitization Note Holder.

 

(c)          Each
Non-Lead Securitization Note Holder and the Note B Holder represent to the Lead Securitization Note Holder (for the benefit of
the Mortgage Loan Borrower) that it is not a Non-Exempt Person and that neither the Lead Securitization Note Holder nor the Mortgage
Loan Borrower is obligated under applicable law to withhold Taxes on sums paid to it with respect to the Mortgage Loan or otherwise
pursuant to this Agreement. Contemporaneously with the execution of this Agreement and from time to time as necessary during the
term of this Agreement, each Non-Lead Securitization Note Holder and the Note B Holder shall deliver to the Lead Securitization
Note Holder or Servicer, as applicable, evidence satisfactory to the Lead Securitization Note Holder substantiating that such
Note Holder is not a Non-Exempt Person and that the Lead Securitization Note Holder is not obligated under applicable law to withhold
Taxes on sums paid to it with respect to the Mortgage Loan or otherwise under this Agreement. Without limiting the effect of the
foregoing, (i) if a Non-Lead Securitization Note Holder is created or organized under the laws of the United States, any state
thereof or the District of Columbia, it shall satisfy the requirements of the preceding sentence by furnishing to the Lead Securitization
Note Holder an Internal Revenue Service Form W-9 and (ii) if a Non-Lead Securitization Note Holder is not created or organized
under the laws of the United States, any state thereof or the District of Columbia, and if the payment of interest or other amounts
by the Mortgage Loan Borrower is treated for United States income tax purposes as derived in whole or part from sources within
the United States, such Note Holder shall satisfy the requirements of the preceding sentence by furnishing to the Lead Securitization
Note Holder 

 

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Internal
Revenue Service Form W-8ECI, Form W-8IMY (with appropriate attachments) or Form W-8BEN, or successor forms, as may be required
from time to time, duly executed by such Note Holder, as evidence of such Note Holder’s exemption from the withholding of
United States tax with respect thereto. The Lead Securitization Note Holder shall not be obligated to make any payment hereunder
with respect to a Non-Lead Securitization Note or Note B Holder or otherwise until the related Non-Lead Securitization Note Holder
shall have furnished to the Lead Securitization Note Holder requested forms, certificates, statements or documents.

 

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

 

Section
26.     Cooperation in Securitization.

 

(a)          Each
Note Holder acknowledges that any Note Holder may elect, in its sole discretion, to include its Note in a Securitization. In connection
with a Securitization and subject to the terms of the preceding sentence, at the request of the Lead Securitization Note Holder,
each Note Holder shall use reasonable efforts, at the Lead Securitization Note Holder’s expense, to satisfy, and to cooperate
with the Lead Securitization Note Holder in attempting to cause the Mortgage Loan Borrower to satisfy, the market standards to
which the Lead Securitization Note Holder customarily adheres or which may be reasonably required in the marketplace or by the
Rating Agencies in connection with the Securitization, including, entering into (or consenting to, as applicable) any modifications
to this Agreement or the Mortgage Loan Documents and to cooperate with the Lead Securitization Note Holder in attempting to cause
the Mortgage Loan Borrower to execute such modifications to the Mortgage Loan Documents, in any such case, as may be reasonably
requested by the Rating Agencies to effect the Securitization; provided, however, that either in connection with
the Lead Securitization or otherwise at any time prior to the Lead Securitization, none of the Note Holders shall be required
to modify or amend this Agreement or any Mortgage Loan Documents (or consent to such modification, as applicable) in connection
therewith, if such modification or amendment would (i) change the interest allocable to, or the amount of any payments due to
or priority of such payments to, a Note Holder or (ii) materially increase a Note Holders’ obligations or materially decrease
any Note Holders’ rights, remedies or protections. In connection with the Lead Securitization, each Note Holder agrees to
provide for inclusion in any disclosure document relating to the Lead Securitization such information concerning such Note Holder
and the related Note as the Lead Securitization Note Holder reasonably determines to be necessary or appropriate, and each Note
Holder covenants and agrees that it shall, at the Lead Securitization Note Holder’s expense, cooperate with the reasonable
requests of each Rating Agency and Lead Securitization Note Holder in connection with the Lead Securitization (including, without
limitation, reasonably cooperating with the Lead Securitization Noteholder (without any obligation to make additional representations
and warranties) to enable the Lead Securitization Noteholder to make all necessary certifications and deliver all necessary opinions
(including customary securities law opinions) in connection with the Mortgage Loan and the Lead Securitization), as well as in
connection with all other matters and the preparation of any offering

 

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documents thereof and to review and respond reasonably promptly
with respect to any information relating to a Note Holder and the related Non-Lead Securitization Note in any Securitization document.
Each Note Holder acknowledges that the information provided by it to the Lead Securitization Note Holder may be incorporated into
the offering documents for the Lead Securitization. The Lead Securitization Note Holder and each Rating Agency shall be entitled
to rely on the information supplied by, or on behalf of, each Note Holder. The Lead Securitization Note Holder will reasonably
cooperate with each Note Holder by providing all information reasonably requested that is in the Lead Securitization Note Holder’s
possession in connection with each Note Holders’ preparation of disclosure materials in connection with a Securitization.

 

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

 

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.

 

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Section
29.     Certain Matters Affecting the Agent.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

Section
30.     Termination and Resignation of Agent.

 

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

 

(b)          The
Agent may resign at any time on ten (10) days’ prior notice, so long as a successor Agent, reasonably satisfactory to the
Note Holders (it being agreed that a Servicer, the Trustee or a Certificate Administrator in a Securitization is satisfactory
to the Note Holders), has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. Natixis, 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 Natixis without

 

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any further notice or other action. The termination or resignation of such
Master Servicer, as Master Servicer under the Lead Securitization Servicing Agreement, shall be deemed a termination or resignation
of such Master Servicer as Agent under this Agreement.

 

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

 

(a)            Subject
to Section 32(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 Note Holder shall promptly provide notice to the Note B Holder
and the Controlling Note Holder Representative of such default (the “Monetary Default Notice”). The Note B
Holder shall have the right, but not the obligation, to cure such Monetary Default within ten (10) Business Days after receiving
the Monetary Default Notice (the “Cure Period”). At the time a payment is made to cure a Monetary Default,
the Note B Holder shall pay or reimburse the Lead Securitization Note Holder and the Non-Lead Securitization Note Holder for all
unreimbursed Advances (whether or not recoverable), Advance Interest Amounts, any unpaid fees to any Servicer and any Additional
Servicing

 

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Expenses. The Note B Holder shall not be required, in order to effect a cure hereunder, to pay any default interest
or late charges under the Mortgage Loan Documents. So long as a Monetary Default exists for which a cure payment permitted hereunder
is made, such Monetary Default shall not be treated as an Event of Default 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” (as defined
in the Lead Securitization Servicing Agreement); provided that such limitation shall not prevent the Lead Securitization
Note Holder or the Non-Lead Securitization Note Holder from collecting default interest or late charges from the Mortgage Loan
Borrower. Any amounts advanced by the Note B Holder on behalf of the Mortgage Loan Borrower to effect any cure shall be reimbursable
to the Note B Holder under Section 3.

 

(b)          Notwithstanding
anything to the contrary contained in Section 32(a), the Note B Holder shall be limited to six (6) cures of Monetary Defaults
in a 12 month period, and six (6) cures of Non-Monetary Defaults over the term of the Mortgage Loan, it being understood that
a Non-Monetary Default Cure Period that may extend longer than one month in accordance with Section 32(d) shall be considered
to be a single cure. Additional Cure Periods shall only be permitted with the consent of the Lead Securitization Note Holder.

 

(c)          No
action taken by the Note B Holder in accordance with this Agreement shall excuse performance by the Mortgage Loan Borrower of
its obligations under the Mortgage Loan Documents and the rights of the Lead Securitization Note Holder and the Non-Lead Securitization
Note Holder under the Mortgage Loan Documents shall not be waived or prejudiced by virtue of the Note B Holder’s actions
under this Agreement. Subject to the terms of this Agreement, the Note B Holder shall be subrogated to the rights of the Lead
Securitization Note Holder and the Non-Lead Securitization Note Holder with respect to any payment owing to the Lead Securitization
Note Holder or the Non-Lead Securitization Note Holder for which the Note B Holder makes a cure payment as permitted under this
Section 32, but such subrogation rights may not be exercised against the Mortgage Loan Borrower until 91 days after the Lead Securitization
Note and the Non-Lead Securitization Note are 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 Note Holder shall promptly provide notice to the Note B Holder and the Controlling
Note Holder Representative of such failure (the “Non-Monetary Default Notice”) and the Note B Holder shall
have the right, but not the obligation, to cure such Non-Monetary Default within ten (10) days from the later of (i) the expiration
of the cure period of the Mortgage Loan Borrower under the Mortgage Loan Documents and (ii) receipt of the Non-Monetary Default
Notice; provided, however, if such Non-Monetary Default is susceptible of cure but cannot reasonably be cured within
such period and if curative action was promptly commenced and is being diligently pursued by the Note B Holder, the Note B Holder
shall be given an additional period of time as is reasonably necessary to enable the Note B Holder in the exercise of due diligence
to cure such Non-Monetary Default for so long as (i) the Note B Holder diligently and expeditiously proceeds to cure such Non-Monetary
Default, (ii) the Note B Holder makes all cure payments that it is permitted to make in accordance with the terms and provisions

 

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of Section 32(a) hereof, (iii) such additional period of time does not exceed sixty (60) days, (iv) such Non-Monetary Default
is not caused by an Insolvency Proceeding or during such period of time that the Note B Holder has to cure a Non-Monetary Default
in accordance with this Section 32(d) (the “Non-Monetary Default Cure Period”), an Insolvency Proceeding does
not occur and (v) during such Non-Monetary Default Cure Period, there is no material adverse effect on the Mortgage Loan Borrower
or the Mortgaged Property or the value of the Mortgage Loan as a result of such Non-Monetary Default or the attempted cure.

 

Section
33.     Purchase Rights of Note B Holder. The Note B Holder shall .have the right, by written
notice to the Lead Securitization Note Holder and the Non-Lead Securitization Note Holder (any such notice, a “Note Holder
Purchase Notice”), delivered at any time an Event of Default under the Mortgage Loan has occurred and is continuing,
to purchase each of the Lead Securitization Notes and the Non-Lead Securitization Note, in immediately available funds, in whole
but not in part at the applicable Defaulted Mortgage Loan Purchase Price. Upon the delivery of the Note Holder Purchase Notice
to the Lead Securitization Note Holder and the Non-Lead Securitization Note Holder, the Lead Securitization Note Holder and the
Non-Lead Securitization Note Holder shall sell (and the Note B Holder shall purchase) the Lead Securitization Notes and the Non-Lead
Securitization Note at the Defaulted Mortgage Loan Purchase Price, on a date (the “Defaulted Mortgage Loan Purchase Date”)
(i) not more than ten (10) Business Days after the written exercise by the Note B Holder to purchase the Lead Securitization Notes
and the Non-Lead Securitization Note or (ii) not more than thirty (30) days after the written exercise by the Note B Holder to
purchase the Lead Securitization Notes and the Non-Lead Securitization Note if the Note B Holder deposits 10% of the Defaulted
Mortgage Loan Purchase Price with the Lead Securitization Note Holder within ten (10) Business Days after the written exercise
of the Note B Holder to purchase the Lead Securitization Notes and the Non-Lead Securitization Note. The Note Holder Purchase
Notice shall contain a statement that the Note B Holder’s failure to purchase the Lead Securitization Notes and the Non-Lead
Securitization Note on a Defaulted Mortgage Loan Purchase Date will result in the termination of the Note B Holder’s right.
The Note B Holder agrees that the sale of the Lead Securitization Notes and the Non-Lead Securitization Note shall comply with
all requirements of the Lead Securitization Servicing Agreement and that all costs and expenses related thereto shall be paid
by the Note B Holder. The Defaulted Mortgage Loan Purchase Price shall be calculated by the Lead Securitization Note Holder (or
the Master Servicer on its behalf) three (3) Business Days prior to the Defaulted Mortgage Loan Purchase Date (and such calculation
shall be accompanied by a listing of all amounts included in the Defaulted Mortgage Loan Purchase Price), and shall, absent manifest
error, be binding upon the Note B Holder. Concurrently with the payment to the Lead Securitization Note Holder and the Non-Lead
Securitization Note Holder in immediately available funds of its respective portion of the Defaulted Mortgage Loan Purchase Price,
the Lead Securitization Note Holder and the Non-Lead Securitization Note Holder will execute at the sole cost and expense of the
Note B Holder in favor of the Note B Holder assignment documentation which will assign the Lead Securitization Notes, the Non-Lead
Securitization Note and the Mortgage Loan Documents without recourse, representations or warranties (except the Lead Securitization
Note Holder and the Non-Lead Securitization Note Holder, and the Note B Holder, as applicable, will represent and warrant that
it had good and marketable title to, was the sole owner and holder of, and had power and authority to deliver the Mortgage Loan
or Note, as applicable, free and clear of all liens and encumbrances). The right of the Note B Holder to purchase the Lead Securitization
Note and the Non-Lead Securitization Note shall automatically

 

     49

     

    

 

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 Note Holder shall give the
Note B Holder fifteen (15) days notice of its intent with respect to any such action). Notwithstanding the foregoing sentence,
if title to the Mortgaged Property is transferred to the Master Servicer (or other nominee on behalf of the Lead Securitization
Note Holder) less than fifteen (15) days after the acceleration of the Mortgage Loan, the Lead Securitization Note Holder and
the Non-Lead Securitization Note Holder shall notify the Note B Holder of such transfer, and the Note B Holder shall have a fifteen
(15) day period from the date of such notice from Lead Securitization Note Holder and the Non-Lead Securitization Note Holder
to deliver a Note Holder Purchase Notice in accordance with this Section 33, in which case the Note B Holder will be obligated
to purchase the Mortgaged Property, in immediately available funds, within such fifteen (15) day period at the applicable Defaulted
Mortgage Loan Purchase Price.

 

[SIGNATURE
PAGE FOLLOWS]

 

     50

     

    

 

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

	 	 	 	 
	 	NATIXIS
    REAL ESTATE CAPITAL LLC,

    as Initial Note A-A-1 Holder
	 	 	 
	 	By:	/s/
    Jerry Tang
	 	 	Name:	Jerry
    Tang
	 	 	Title:	Executive
    Director
	 	 	 	 
	 	By:	/s/
    Delphine Clerjaud
	 	 	Name:	Delphine
    Clerjaud
	 	 	Title:	Vice
    President
	 	 	 
	 	NATIXIS
    REAL ESTATE CAPITAL LLC,

    as Initial Note A-A-2 Holder
	 	 	 
	 	By:	/s/
    Jerry Tang
	 	 	Name:	Jerry
    Tang
	 	 	Title:	Executive
    Director
	 	 	 
	 	By:	/s/
    Delphine Clerjaud
	 	 	Name:	Delphine
    Clerjaud
	 	 	Title:	Vice
    President
	 	 	 
	 	NATIXIS
    REAL ESTATE CAPITAL LLC, 

    as Initial Note A-B Holder
	 	 	 
	 	By:	/s/
    Jerry Tang
	 	 	Name:	Jerry
    Tang
	 	 	Title:	Executive
    Director

 

75
BROAD STREET CO-LENDER AGREEMENT

 

     

     

    

 

	 	 	 
	 	By:	/s/
    Delphine Clerjaud
	 	 	Name:	Delphine
    Clerjaud
	 	 	Title:	Vice
    President

	 	 	 	 
	 	NATIXIS
    REAL ESTATE CAPITAL LLC, 

    as Initial Note B Holder
	 	 	 
	 	By:	/s/
    Jerry Tang
	 	 	Name:	Jerry
    Tang
	 	 	Title:	Executive
    Director
	 	 	 
	 	By:	/s/
    Delphine Clerjaud
	 	 	Name:	Delphine
    Clerjaud
	 	 	Title:	Vice
    President

 

75
BROAD STREET CO-LENDER AGREEMENT

 

     

     

    

 

EXHIBIT
A

 

MORTGAGE
LOAN SCHEDULE

 

Description
of Mortgage Loan

 

	Mortgage
    Loan Borrower:	75
    Broad, LLC
	Date
    of Mortgage Loan: 	April
    3, 2017
	Date
    of Notes: 	Dated
    as of April 28, 2017 and effective as of May 5, 2017
	Original
    Principal Amount of Mortgage Loan:	$230,000,000.00
	Principal
    Amount of Mortgage Loan as of the date hereof:	$230,000,000.00
	Initial
    Note Principal Balance of Note A-A-1:	$59,000,000
	Initial
    Note Principal Balance of Note A-A-2:	$33,000,000
	Initial
    Note Principal Balance of Note A-B:	$84,000,000
	Initial
    Note Principal Balance of Note B:	$54,000,000
	Location
    of Mortgaged Property:	New
    York, New York
	Initial
    Maturity Date:	The
    Payment Date occurring in April 2027
	Note
    Rate of Note A-A-1	4.07670%
	Note
    Rate of Note A-A-2	4.07670%
	Note
    Rate of Note A-B	4.07670%
	Note
    Rate of Note B	5.00000%

 

    A-1

     

    

 

EXHIBIT
B

 

1.   Agent
Office:

 

(Prior
to the Securitization Date):

 

NATIXIS
REAL ESTATE CAPITAL LLC

 

Notice
Address:

 

Natixis
Real Estate Capital LLC

1251 Avenue of the Americas

New York, New York 10020

Attention: Khaled Mohiuddin

Facsimile: (212) 891-5777

 

with
a copy to:

 

Natixis
Real Estate Capital LLC

Office of Chief Operating Officer

1251 Avenue of the Americas

New York, New York 10020

Facsimile: (212) 891-6288

 

with
a copy to:

 

Natixis
North America LLC

Office of the General Counsel

1251 Avenue of the Americas

New York, New York 10020

 

for
legal notices, with a copy to:

 

legal.notices@us.natixis.com

 

(Following
the Securitization Date):

 

KeyBank
National Association

11501 Outlook Street, Suite 300

Overland Park, Kansas 66211

Attention: Michael Tilden (if to Servicer)

Facsimile number: (877) 379-1625

Email: michael_a_tilden@keybank.com

 

    B-1

     

    

 

2.     Initial
Note A-A-1 Holder:

 

NATIXIS
REAL ESTATE CAPITAL LLC

 

Notice
Address:

 

Natixis
Real Estate Capital LLC

1251 Avenue of the Americas

New York, New York 10020

Attention: Khaled Mohiuddin

Facsimile: (212) 891-5777

 

with
a copy to:

 

Natixis
Real Estate Capital LLC

Office of Chief Operating Officer

1251 Avenue of the Americas

New York, New York 10020

Facsimile: (212) 891-6288

 

with
a copy to:

 

Natixis
North America LLC

Office of the General Counsel

1251 Avenue of the Americas

New York, New York 10020

 

for
legal notices, with a copy to:

 

legal.notices@us.natixis.com

 

3.     Initial
Note A-A-2 Holder:

 

NATIXIS
REAL ESTATE CAPITAL LLC

 

Notice Address:

 

Natixis
Real Estate Capital LLC

1251 Avenue of the Americas

New York, New York 10020

Attention: Khaled Mohiuddin

Facsimile: (212) 891-5777

 

    B-2

     

    

 

with
a copy to:

 

Natixis
Real Estate Capital LLC

Office of Chief Operating Officer

1251 Avenue of the Americas

New York, New York 10020

Facsimile: (212) 891-6288

 

with
a copy to:

 

Natixis
North America LLC

Office of the General Counsel

1251 Avenue of the Americas

New York, New York 10020

 

for
legal notices, with a copy to:

 

legal.notices@us.natixis.com

 

4.     Initial
Note A-B Holder:

 

NATIXIS
REAL ESTATE CAPITAL LLC

 

Notice
Address:

 

Natixis
Real Estate Capital LLC

1251 Avenue of the Americas

New York, New York 10020

Attention: Khaled Mohiuddin

Facsimile: (212) 891-5777

 

with
a copy to:

 

Natixis
Real Estate Capital LLC

Office of Chief Operating Officer

1251 Avenue of the Americas

New York, New York 10020

Facsimile: (212) 891-6288

 

with
a copy to:

 

Natixis
North America LLC

Office of the General Counsel

1251 Avenue of the Americas

New York, New York 10020

 

    B-3

     

    

 

for
legal notices, with a copy to:

 

legal.notices@us.natixis.com

 

5.     Initial
Note B Holder:

 

NATIXIS
REAL ESTATE CAPITAL LLC

 

Notice
Address:

 

Natixis
Real Estate Capital LLC

1251 Avenue of the Americas

New York, New York 10020

Attention: Khaled Mohiuddin

Facsimile: (212) 891-5777

 

with
a copy to:

 

Natixis
Real Estate Capital LLC

Office of Chief Operating Officer

1251 Avenue of the Americas

New York, New York 10020

Facsimile: (212) 891-6288

 

with
a copy to:

 

Natixis
North America LLC

Office of the General Counsel

1251 Avenue of the Americas

New York, New York 10020

 

for
legal notices, with a copy to:

 

legal.notices@us.natixis.com

 

    B-4

     

    

 

EXHIBIT
C

 

PERMITTED
FUND MANAGERS

 

1.
Apollo Global Real Estate

2.
Archon Capital, L.P.

3.
AREA Property Partners

4.
BlackRock, Inc.

5.
The Blackstone Group International Ltd.

6.
Capital Trust, Inc.

7.
Clarion Partners

8.
Colony Capital, Inc.

9.
DLJ Real Estate Capital Partners

10.
Eightfold Real Estate Capital, L.P.

11.
Fortress Investment Group LLC

12.
Garrison Investment Group

13.
Goldman, Sachs & Co.

14.
iStar Financial Inc.

15.
J.E. Roberts Companies

16.
Lend-Lease Real Estate Investments

17.
LoanCore Capital

18.
Lonestar Funds

19.
Praedium Group

20.
Raith Capital Partners, LLC

21.
Rialto Capital Management, LLC

22.
Rialto Capital Advisors, LLC

23.
Rockpoint Group

24.
Starwood Capital/Starwood Financial Trust

25.
Torchlight Investors

26.
Walton Street Capital, LLC

27.
Westbrook Partners

28.
WestRiver Capital

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

 

    C-1Exhibit 4.10

 

EXECUTION VERSION

 

AMENDED
AND RESTATED AGREEMENT AMONG NOTE HOLDERS

Dated
as of May 15, 2017

by and among

 

WILMINGTON TRUST, NATIONAL ASSOCIATION, AS TRUSTEE, FOR THE BENEFIT

OF THE REGISTERED HOLDERS OF THE BANK 2017-BNK4, COMMERCIAL

MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2017-BNK4

(Note A-1 Holder)

 

and

 

WELLS
FARGO BANK, NATIONAL ASSOCIATION

(Initial Note A-2 Holder)

 

and

 

GOLDMAN
SACHS MORTGAGE COMPANY

(Initial Note A-3-1 Holder)

 

and

 

GOLDMAN
SACHS MORTGAGE COMPANY

(Initial Note A-3-2 Holder)

  

One
West 34th Street

 

     

     

    

 

This
AMENDED AND RESTATED AGREEMENT BETWEEN NOTE HOLDERS (“Agreement”), dated as of May 15, 2017, by and between
WILMINGTON TRUST, NATIONAL ASSOCIATION, AS TRUSTEE, FOR THE BENEFIT OF THE REGISTERED HOLDERS OF THE BANK 2017-BNK4, COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2017-BNK4 (together with its successors and assigns in interest, in its capacity as
initial owner of Note A-1 (as defined below), the “Note A-1 Holder”), WELLS FARGO BANK, NATIONAL ASSOCIATION
(“WFB” together with its successors and assigns in interest, in its capacity as initial owner of Note A-2 (as
defined below), the “Initial Note A-2 Holder”), GOLDMAN SACHS MORTGAGE COMPANY (“GSMC” together
with its successors and assigns in interest, in its capacity as initial owner of Note A-3-1 (as defined below), the “Initial
Note A-3-1 Holder”) and GSMC together with its successors and assigns in interest, in its capacity as initial owner
of Note A-3-2 (as defined below), the “Initial Note A-3-2 Holder”).

 

W
I T N E S S E T H:

 

WHEREAS,
pursuant to the Mortgage Loan Agreement (as defined herein), WFB and GSMC co-originated a certain loan (the “Mortgage
Loan”) described on the schedule attached hereto as Exhibit A (the “Mortgage Loan Schedule”) to Jacob’s
First LLC, a New York limited liability company (the “Mortgage Loan Borrower”), which was evidenced, inter
alia, by (i) one promissory note in the original principal amount of $60,000,000.00 (as amended, modified, consolidated, or
supplemented, “Note A-1”), made by the Mortgage Loan Borrower in favor of WFB (together with its successors
and assigns in interest, in its capacity as initial owner of Note A-1, the Initial Note A-1 Holder and in its capacity as the
Initial Agent), (ii) one promissory note in the original principal amount of $30,000,000.00 (as amended, modified, consolidated,
or supplemented, “Note A-2”), made by the Mortgage Loan Borrower in favor of the Initial Note A-2 Holder, and
(iii) one promissory note in the original principal amount of $60,000,000.00 (as amended, modified, consolidated or supplemented,
“Original Note A-3”), made by the Mortgage Loan Borrower in favor of the Initial Note A-3-1 Holder, each 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,
the Initial Note A-1 Holder, the Initial Note A-2 Holder and the Initial Note A-3-1 Holder entered into a Co-Lender Agreement
(the “Original Agreement”), dated as of March 15, 2017, to memorialize the terms under which the Initial Note
A-1 Holder, the Initial Note A-2 Holder and the Initial Note A-3-1 Holder would hold Note A-1, Note A-2 and the Original Note
A-3, respectively;

 

WHEREAS,
pursuant to the Mortgage Loan Agreement, the Original Note A-3 was split into two promissory notes and the Mortgage Loan Borrower
has executed and delivered to GSMC (i) one promissory note in the original principal amount of $40,000,000 (“Note A-3-1”)
made by the Mortgage Loan Borrower in favor of the Initial Note A-3-1 Holder and (ii) one promissory note in the original principal
amount of $20,000,000 (“Note A-3-2” and together with Note A-2, Note A-3-1 and Note A-3-2, the “Notes”)
made by the Mortgage Loan Borrower in favor of the Initial Note A-3-2 Holder;

 

     

     

    

 

WHEREAS,
the Initial Note A-1 Holder transferred Note A-1 to Wells Fargo Commercial Mortgage Securities, Inc. (“WFCMS”),
who in turn transferred Note A-1 to Wilmington Trust, National Association, as trustee, for the benefit of the registered Holders
of the Bank 2017-BNK4, Commercial Mortgage Pass-Through Certificates, Series 2017-BNK4, under a pooling and servicing agreement,
dated as of March 1, 2017 (the “Note A-1 PSA”), among WFCMS, as depositor, Wells Fargo Bank, National Association,
as master servicer, Rialto Capital Advisors, LLC, as special servicer, Wilmington Trust, National Association, as trustee, Wells
Fargo Bank, National Association, as certificate administrator, and Pentalpha Surveillance LLC, as operating advisor and asset
representations reviewer; and

 

WHEREAS,
the parties hereto desire to enter into this Agreement to (1) memorialize the terms under which they, and their successors and
assigns, shall hold Note A-1, Note A-2, Note A-3-1 and Note A-3-2 and (2) amend, restate and supersede the terms of the Original
Agreement.

 

NOW,
THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto mutually agree that the Original Agreement
is hereby amended, restated and superseded as follows:

 

Section
1.    Definitions; Conflicts.      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 to such terms, or terms of substantially similar import, in the Lead
Securitization Servicing Agreement. To the extent of any conflict between this Agreement and the Lead Securitization Servicing
Agreement, the terms of this Agreement shall control. Whenever used in this Agreement, the following terms shall have the respective
meanings set forth below unless the context clearly requires otherwise.

 

“Advance
Interest” shall mean the interest accrued on any Servicing Advance which is payable to the party that made that Servicing
Advance, in accordance with the Lead Securitization Servicing Agreement.

 

“Agent”
shall mean the Master Servicer.

 

“Agent
Office” shall mean the designated office of the Agent, which office shall be the office of the Master Servicer. The
Agent Office is the address to which notices to and correspondence with the Agent should be directed. The Agent may change the
address of its designated office by notice to the Note Holders.

 

“Agreement”
shall mean this Agreement between Note Holders, the exhibits 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.”

 

    -2-

     

    

 

“Asset
Representations Reviewer” shall mean the “Asset Representations Reviewer” (or similarly named Person that
is the “asset representations reviewer” as defined in Item 1101(m) of Regulation AB) under 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.

 

“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 a borrower, a Mortgagor, a manager of a Mortgaged Property, an Accelerated Mezzanine Loan Lender or
any Borrower Party Affiliate.

 

“Borrower
Party Affiliate” shall mean, with respect to a borrower, a Mortgagor, a manager of a Mortgaged Property or an Accelerated
Mezzanine Loan Lender, (a) any other Person controlling or controlled by or under common control with such borrower, Mortgagor,
manager or Accelerated Mezzanine Loan Lender, as applicable, or (b) any other Person owning, directly or indirectly, 25% or more
of the beneficial interests in such borrower, Mortgagor, manager or Accelerated Mezzanine Loan Lender, as applicable. 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.

 

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

 

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

 

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

 

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

 

“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).

 

    -3-

     

    

 

“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. The terms “Controlled”,
“Controlling” and “Controls” shall have the correlative meanings thereto.

 

“Control
Note” shall mean Note A-1.

 

“Controlling
Note Holder” shall mean the holder of the Control Note; provided that at any time Note A-1 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 such other party otherwise assigned the rights
to exercise the rights of the “Controlling Note Holder” under this Agreement or under the Note A-1 PSA, as and to
the extent provided in the Note A-1 PSA; provided that if at any time 50% or more of Note A-1 (or the class of securities
issued under the Note A-1 PSA designated as the “controlling class”) is held by (or such other party otherwise assigned
the rights to exercise the rights of the “Controlling Note Holder” is) a Borrower Party, Note A-1 (or the class of
securities issued under the Note A-1 PSA designated as the “controlling class” or such other party otherwise assigned
the rights to exercise the rights of the “Controlling Note Holder”) shall not be entitled to exercise any rights of
the Controlling Note Holder under this Agreement or the Note A-1 PSA, as and to the extent provided in the Note A-1 PSA, and the
Note A-2 Holder shall be the Controlling Note Holder unless 50% or more of Note A-2 (or class of securities issued under the Note
A-2 PSA designated as the “controlling class”) is held by (or such other party otherwise assigned the rights to exercise
the rights of the Controlling Note Holder is) a Borrower Party, Note A-2 (or the class of securities issued under the Note A-2
PSA designated as the “controlling class” or such other party otherwise assigned the rights to exercise the rights
of the “Controlling Note Holder”) shall not be entitled to exercise any rights of the Controlling Note Holder under
this Agreement or the Note A-1 PSA, as and to the extent provided in the Note A-1 PSA, and the Note A-3-1 Holder shall be the
Controlling Note Holder unless 50% or more of Note A-3-1 (or class of securities issued under the Note A-3-1 PSA designated as
the “controlling class”) is held by (or such other party otherwise assigned the rights to exercise the rights of the
Controlling Note Holder is) a Borrower Party, Note A-3-1 (or the class of securities issued under the Note A-3-1 PSA designated
as the “controlling class” or such other party otherwise assigned the rights to exercise the rights of the “Controlling
Note Holder”) shall not be entitled to exercise any rights of the Controlling Note Holder under this Agreement or the Note
A-1 PSA, as and to the extent provided in the Note A-1 PSA, and the Note A-3-2 Holder shall be the Controlling Note Holder unless
50% or more of Note A-3-2 (or class of securities issued under the Note A-3-2 PSA designated as the “controlling class”)
is held by (or such other party otherwise assigned the rights to exercise the rights of the Controlling Note Holder is) a Borrower
Party. If 50% or more of each of Note A-1, Note A-2, Note A-3-1 and Note A-3-2 (or class of securities issued under the Note A-1
PSA, the Note A-2 PSA, the Note A-3-1 PSA and the Note A-3-2 PSA designated as the “controlling class”) is held by
(or such other party otherwise assigned the rights to exercise the rights of the Controlling Note Holder is) a Borrower Party,
no person shall be entitled to exercise the rights of the Controlling Note Holder under this

 

    -4-

     

    

 

Agreement or the Note A-1 PSA, as
and to the extent provided in the Note A-1 PSA, and there shall be deemed to be no Controlling Note Holder hereunder.

 

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

 

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

 

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

 

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

 

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

 

“First
Securitization” shall mean the Note A-1 Securitization.

 

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

 

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

 

“Initial
Agent” shall mean Wells Fargo Bank, National Association.

 

“Initial
Note A-1 Holder” shall mean Wells Fargo Bank, National Association.

 

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

 

“Initial
Note A-3-1 Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

 

“Initial
Note A-3-2 Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

 

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

 

“Insolvency
Proceeding” shall mean any proceeding under Title 11 of the United States Code (11 U.S.C. Sec. 101 et seq.) or
any other insolvency, liquidation, reorganization or other similar proceeding concerning the Mortgage Loan Borrower, any action
for the dissolution of the Mortgage Loan Borrower, any proceeding (judicial or otherwise) concerning the application of the assets
of the Mortgage Loan Borrower for the benefit of its creditors, the appointment of or any proceeding seeking the appointment of
a trustee, receiver or other similar custodian for all or any substantial part of the assets of the Mortgage Loan Borrower or
any other action concerning the adjustment of the debts of the Mortgage Loan Borrower, the cessation of business by the Mortgage
Loan Borrower, except following a sale, transfer or other disposition

 

    -5-

     

    

 

of all or substantially all of the assets of the Mortgage
Loan Borrower in a transaction permitted under the Mortgage Loan Documents; provided, however, that following any
such permitted transaction affecting the title to the Mortgaged Property, the Mortgage Loan Borrower for purposes of this Agreement
shall be defined to mean the successor owner of the Mortgaged Property from time to time as may be permitted pursuant to the Mortgage
Loan Documents; provided, further, however, that for the purposes of this definition, in the event that more
than one entity comprises the Mortgage Loan Borrower, the term “Mortgage Loan Borrower” shall refer to any such entity.

 

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

 

“Intervening
Trust Vehicle” with respect to any Securitization Vehicle that is a CDO, shall mean a trust vehicle or entity 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 Note A-1 Securitization.

 

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

 

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

 

“Lead
Securitization Note Holder Representative” shall mean the “Directing Certificateholder” or equivalent Person
under the Lead Securitization Servicing Agreement.

 

“Lead
Securitization Servicing Agreement” shall mean (i) the Note A-1 PSA, and (ii) on and after the date on which 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.

 

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

 

“Master
Servicer Remittance Date” shall have the meaning assigned to such term (or analogous term) in the Lead Securitization
Servicing Agreement.

 

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

 

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

 

    -6-

     

    

 

“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 15, 2017, between the Mortgage Loan Borrower, as borrower,
Wells Fargo Bank, National Association and Goldman Sachs Mortgage Company, collectively as lender, as the same may be further
amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

 

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

 

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

 

“Mortgage
Loan Documents” shall mean, with respect to the Mortgage Loan, the Mortgage Loan Agreement, the Mortgage, the Notes
and all other documents now or hereafter evidencing, guarantying or 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 32.

 

“Non-Controlling
Note” means each of Note A-2, Note A-3-1 and Note A-3-2.

 

“Non-Controlling
Note Holder” means each holder of a Non-Controlling Note; provided that with respect to each Non-Controlling
Note, at any time such Non-Controlling Note is included in a Securitization, references to the “Non-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 such other party otherwise assigned the rights to exercise the rights of the “Non-Controlling Note Holder”
under this Agreement or under the related Securitization Servicing Agreement, as and to the extent provided in the related Securitization
Servicing Agreement, and as to the identity of which the Controlling Note Holder (and, if applicable, the Master Servicer and
the Special Servicer) has been given written notice; provided, further that if at any time 50% or more of any Non-Controlling
Note (or class of securities issued in a Securitization into which such Non-Controlling Note has been deposited is designated
as the “controlling class”) is held by (or such other party otherwise assigned the rights to exercise the rights of
the “controlling class” under the related Securitization Servicing Agreement is) a Borrower Party, no such Note Holder
or other Person shall be entitled to

 

    -7-

     

    

 

exercise any rights of such Non-Controlling Note Holder under this Agreement or the related
Securitization Servicing Agreement, as and to the extent provided in the related Securitization Servicing Agreement. The Controlling
Note Holder and the Lead Securitization Note Holder (or, if applicable, the Master Servicer or the Special Servicer acting on
its behalf) shall not be required at any time to deal with more than one party exercising the rights of a “Non-Controlling
Note Holder” herein or under the Lead Securitization Servicing Agreement and, (x) to the extent that the related Securitization
Servicing Agreement assigns such rights to more than one party or (y) to the extent the related Non-Controlling Note is split
into two or more New Notes pursuant to Section 32, for purposes of this Agreement, such Securitization Servicing Agreement or
the holders of such New Notes shall designate one party to deal with the Controlling Note Holder and the Lead Securitization Note
Holder (or, the Master Servicer or the Special Servicer acting on its behalf) and provide written notice of such designation to
the Controlling Note Holder and the Lead Securitization Note Holder (or, the Master Servicer and the Special Servicer acting on
its behalf); provided that, in the absence of such designation and notice, the Controlling Note Holder and the Lead Securitization
Note Holder (or, the Master Servicer or the Special Servicer acting on its behalf) shall be entitled to treat the last party as
to which it has received written notice as having been designated as the Non-Controlling Note Holder with respect to such Non-Controlling
Note for all purposes of this Agreement. As of the date hereof and until further notice from the Non-Controlling Note Holder (or,
if applicable, the related Non-Lead Master Servicer or another party acting on its behalf), the Initial Note A-2 Holder is the
Non-Controlling Note Holder with respect to Note A-2, the Initial Note A-3-1 Holder is the Non-Controlling Note Holder with respect
to Note A-3-1 and the Initial Note A-3-2 Holder is the Non-Controlling Note Holder with respect to Note A-3-2.

 

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

 

“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 “Asset Representations Reviewer” (or similarly named Person
that is the “asset representations reviewer” as defined in Item 1101(m) of Regulation AB.) under any Non-Lead Securitization
Servicing Agreement.

 

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

 

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

 

    -8-

     

    

 

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

 

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

 

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

 

“Non-Lead
Securitization Note Holder” shall mean each holder of a Non-Lead Securitization Note; provided that with respect
to each Non-Lead Securitization Note, at any time such Non-Lead Securitization Note is included in a Securitization, references
to the “Non-Lead Securitization 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 such other class(es) otherwise assigned the
rights to exercise the rights of the “Non-Lead Securitization Note Holder” under this Agreement or under the related
Non-Lead Securitization Servicing Agreement, 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, if applicable, the Master Servicer and the Special Servicer)
has been given written notice; provided, further that if at any time 50% or more of any Non-Lead Securitization
Note (or class of securities issued in a Securitization into which such Non-Lead Securitization Note has been deposited is designated
as the “controlling class” or such other class(es) otherwise assigned the rights to exercise the rights of the “controlling
class” under the related Non-Lead Securitization Servicing Agreement) is held by a Borrower Party, no such Note Holder or
other Person shall be entitled to exercise any rights of such Non-Lead Securitization Note Holder under this Agreement or the
related Non-Lead Securitization Servicing Agreement, as and to the extent provided in the related Non-Lead Securitization Servicing
Agreement.

 

“Non-Lead
Securitization Note Holder Representative” shall mean the “Directing Certificateholder” or equivalent Person
under the Non-Lead Securitization Servicing Agreement.

 

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

 

“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 other than 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 have the meaning assigned to such term in the preamble.

 

    -9-

     

    

 

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

 

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

 

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

 

“Note
A-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 Initial Note
A-2 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon (or any New Notes issued
in substitution thereof) received by the Note A-2 Holder (or any holders of New Notes in substitution thereof) or reductions in
such amount pursuant to Section 3 or 4, as applicable.

 

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

 

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

 

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

 

“Note
A-3-1” shall have the meaning assigned to such term in the recitals.

 

“Note
A-3-1 Holder” shall mean the Initial Note A-3-1 Holder or any subsequent holder of Note A-3-1, as applicable.

 

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

 

“Note
A-3-1 PSA” shall mean the pooling and servicing agreement or other comparable agreement entered into in connection with
the Note A-3-1 Securitization.

 

    -10-

     

    

 

“Note
A-3-1 Securitization” shall mean the first sale by the Note A-3-1 Holder of all or a portion of Note A-3-1 to a depositor
who will in turn include such portion of Note A-3-1 as part of the securitization of one or more mortgage loans.

 

“Note
A-3-1 Securitization Date” shall mean the closing date of the Note A-3-1 Securitization.

 

“Note
A-3-2” shall have the meaning assigned to such term in the recitals.

 

“Note
A-3-2 Holder” shall mean the Initial Note A-3-2 Holder or any subsequent holder of Note A-3-2, as applicable.

 

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

 

“Note
A-3-2 PSA” shall mean the pooling and servicing agreement or other comparable agreement entered into in connection with
the Note A-3-2 Securitization.

 

“Note
A-3-2 Securitization” shall mean the first sale by the Note A-3-2 Holder of all or a portion of Note A-3-2 to a depositor
who will in turn include such portion of Note A-3-2 as part of the securitization of one or more mortgage loans.

 

“Note
A-3-2 Securitization Date” shall mean the closing date of the Note A-3-2 Securitization.

 

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

 

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

 

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

 

“Note
Principal Balance” shall mean, (i) with respect to Note A-1, the Note A-1 Principal Balance, (ii) with respect to Note
A-2, the Note A-2 Principal Balance, (iii) with respect to Note A-3-1, the Note A-3-1 Principal Balance and (iv) with respect
to Note A-3-2, the Note A-3-2 Principal Balance.

 

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

 

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

 

“Operating
Advisor” shall mean the trust advisor, senior trust advisor, operating advisor or other analogous term as defined under
the Lead Securitization Servicing Agreement.

 

    -11-

     

    

 

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

 

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

 

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

 

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

 

“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 any of the Initial Note Holders, or

 

(b)          one
or more of the following:

 

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

 

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

 

(iii)        a
Qualified Trustee in connection with (a) a securitization of, (b) the creation of collateralized debt obligations (“CDO”)
secured by, or (c) a financing through an “owner trust” of, a Note or any interest therein (any of the foregoing,
a

 

    -12-

     

    

 

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

 

(iv)        an
investment fund, limited liability company, limited partnership or general partnership having capital and/or capital commitments
of at least $250,000,000, in which (A) any 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 (b)(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

 

    -13-

     

    

 

(c)          any
entity Controlled by any of the entities described in clause (b)(i), (ii), (iv)(B) or (v) above or subject to a Rating Agency
Confirmation as a Qualified Institutional Lender for purposes of this Agreement from each of the Rating Agencies engaged to rate
the securities for any Securitization.

 

“Qualified
Trustee” shall mean (i) a corporation, national bank, national banking association or a trust company, organized and
doing business under the laws of any state or the United States of America, authorized under such laws to exercise corporate trust
powers and to accept the trust conferred, having a combined capital and surplus of at least $50,000,000 and subject to supervision
or examination by federal or state authority or (ii) an institution whose long-term senior unsecured debt is rated in either of
the then in effect top three 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, however, that, at any time during which one or more of the Notes is
an asset of one or more Securitizations, “Rating Agencies” or “Rating Agency” shall mean
only those rating agencies that are engaged by the related depositor (or its Affiliate) from time to time to rate the securities
issued in connection with the Securitizations of the related Notes.

 

“Rating
Agency Confirmation” shall mean, with respect to any Securitization, a confirmation in writing (which may be in electronic
form) by each of the applicable Rating Agencies for such Securitization that a proposed action, failure to act or other event
so specified will not, in and of itself, result in the downgrade, withdrawal or qualification of the then current rating assigned
to any class of securities of such Securitization (if then rated by such Rating Agency); provided that a written waiver
or other acknowledgment from any such Rating Agency indicating its decision not to review the matter for which the Rating Agency
Confirmation is sought shall be deemed to satisfy the requirement for the Rating Agency Confirmation from such Rating Agency with
respect to such matter. 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 Note A-1 Holder, which consent shall not be unreasonably
withheld, conditioned or delayed.

 

“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 Securities Exchange Commission or by its staff, or as may be provided by the Securities Exchange Commission or its staff from
time to time.

 

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

 

    -14-

     

    

 

“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 within the twelve (12) month period prior to the
date of determination, and Moody’s has not downgraded or withdrawn the then-current rating on any class of commercial mortgage
securities or placed any class of commercial mortgage securities on watch citing the continuation of such special servicer as
special servicer of such commercial mortgage loans, (iv) in the case of Morningstar, such special servicer has acted as special
servicer in one or more other commercial mortgage-backed securitizations within the prior twelve (12) months, and Morningstar
has not, with respect to any such other transactions, qualified, downgraded or withdrawn its rating or ratings on one or more
classes of securities issued in such securitizations, and (v) in the case of DBRS or KBRA, such special servicer is acting as
special servicer for one or more loans included in a commercial mortgage loan securitization that was rated by DBRS or KBRA, as
applicable, within the twelve (12) month period prior to the date of determination, and DBRS or KBRA, as applicable, has not cited
servicing concerns of such special servicer as the sole or material factor in any qualification, downgrade or withdrawal of the
ratings (or placement on “watch status” in contemplation of a ratings downgrade or withdrawal) of securities in a
transaction serviced by such special servicer prior to the time of determination.

 

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

 

“Securitization”
shall mean the Note A-1 Securitization, the Note A-2 Securitization, the Note A-3-1 Securitization or the Note A-3-2 Securitization,
as applicable.

 

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

 

“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.

 

“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.

 

    -15-

     

    

 

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

 

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

 

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

 

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

 

“Special
Servicer” shall mean the special servicer appointed to act in such capacity with respect to the Mortgage Loan 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.

 

“Trust
Fund” shall mean the trust formed pursuant to the Lead Securitization Servicing Agreement.

 

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

 

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

 

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

 

Section
2.          Servicing of the Mortgage Loan.

 

(a)          Each
Note Holder acknowledges and agrees that, subject in each case to this Agreement, the Mortgage Loan shall be serviced from and
after the Securitization Date by the Master Servicer and the Special Servicer pursuant to the terms of this Agreement and the

 

    -16-

     

    

 

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 (unless such other Note is also included
in the Lead Securitization) if such principal or interest is not paid by the Mortgage Loan Borrower but shall be obligated to
make Servicing Advances, subject to the terms of the Lead Securitization Servicing Agreement. The Lead Securitization Servicing
Agreement shall contain terms and conditions that are customary for securitization transactions involving assets similar to the
Mortgage Loan and that are otherwise (i) required by the Code relating to the tax elections of any Securitization Trust, (ii)
required by law or changes in any law, rule or regulation or (iii) generally required by the Rating Agencies in connection with
the issuance of ratings in securitizations similar to the Securitizations. Each Note Holder acknowledges that each 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 hereof, 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 confirms its appointment of the Master Servicer, the Special Servicer and the Trustee in the
Lead Securitization as such Note Holder’s attorney-in-fact to sign any documents reasonably required with respect to the
administration and servicing of the Mortgage Loan on its behalf under the Lead Securitization Servicing Agreement (subject at
all times to the rights of such Note Holder set forth herein and in the Lead Securitization Servicing Agreement). In no event
shall the Lead Securitization Servicing Agreement require the Servicer to enforce the rights of any Note Holder against any other
Note Holder or limit the Servicer in enforcing the rights of one Note Holder against any other Note Holder; however, this statement
shall not be construed to otherwise limit the rights of one Note Holder with respect to any other Note Holder, and is subject
in all respect to Section 6.04 of the Lead Securitization Servicing Agreement. Each Servicer shall be required pursuant to the
Lead Securitization Servicing Agreement to service the Mortgage Loan in accordance with the Servicing Standard, the terms of the
Mortgage Loan Documents, the Lead Securitization Servicing Agreement and applicable law, shall provide information to each servicer
under the Non-Lead Securitization Servicing Agreement to enable each such servicer to perform its servicing duties, and shall
not take any action or refrain from taking any action or follow any direction inconsistent with the foregoing.

 

At
any time after the First Securitization 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,
then a Rating Agency Confirmation shall have been obtained from each other Rating Agency with respect to any such Non-Lead Securitization
Note regarding any Special Servicer to be appointed under such

 

    -17-

     

    

 

replacement servicing agreement that does not have the Required
Special Servicer Rating for such Rating Agency or, with respect to the Master Servicer, would not otherwise meet the conditions
to be a servicer under the Lead Securitization Servicing Agreement that is being replaced; 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 Servicers in the Lead Securitization or by any Person appointed by
the Lead Securitization Note Holder that is a Person meeting the requirements of a master servicer under the Lead Securitization
Servicing Agreement and, in the case of the Special Servicer, that meets the Required Special Servicer Rating for each Rating
Agency then rating securities of a Non-Lead Securitization.

 

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

 

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

 

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shall 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 Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Operating Advisor,
Asset Representations Reviewer 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) (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 and the Asset Representations Reviewer, 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 Companion Distribution Account or Collection Account in respect of the Mortgage Loan, as applicable, are insufficient for
reimbursement of such amounts, each Non-Lead Securitization Note Holder shall be required to, promptly following notice from the
Master Servicer, reimburse each of the applicable Indemnified Parties for its pro rata share of the insufficiency; provided,
however, that each Non-Lead Securitization Note Holder’s duty to pay Indemnified Items to the Operating Advisor shall
be subject to any limitations and conditions (including limitations and conditions with respect to the timing of such payments
and the sources of funds for such payments) as may be set forth from time to time in a related Non-Lead Securitization Servicing
Agreement.

 

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

 

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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 the related Non-Lead Master Servicer or
the related Non-Lead Trustee (as provided in the related Non-Lead Securitization Servicing Agreement, in the case of a determination
of non-recoverability by the related Non-Lead Master Servicer, the related Non-Lead Special Servicer or the related Non-Lead Trustee)
shall notify the Master Servicer and the Trustee, or the Non-Lead Master Servicer and the Non-Lead Trustee, as the case may be,
of the other Securitization within two Business Days of making such determination. Each of the Master Servicer, the Trustee, a
Non-Lead Master Servicer and a Non-Lead Trustee, as applicable, will only be entitled to reimbursement for a P&I Advance that
becomes non-recoverable first from the Companion Distribution Account 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 Securitization Trust, as and to the extent
provided in the related Non-Lead Securitization Servicing Agreement.

 

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

 

(i)        
  the Master Servicer shall remit all payments received with respect to the Non-Lead Securitization Note, net of
the servicing fees payable to the Master Servicer and Special Servicer with respect to such Non-Lead Securitization Note, and
any other applicable fees and reimbursements payable to the Master Servicer, the Special Servicer and the Trustee, to the
Non-Lead Securitization Note Holder by the earlier of (x) the Master Servicer Remittance Date and (y) the Business Day
following the “determination date” (or any term substantially similar thereto) as defined in the 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 (i) is at least one
business day after the scheduled monthly payment date under the 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 clause (c)(xiii) below;

 

(ii)          with
respect to the Non-Lead Securitization Note that is held by a Securitization, the Master Servicer agrees to deliver or cause to
be delivered or to make available to the Non-Lead Master Servicer all reports required to be delivered by the Master Servicer
to the Certificate Administrator 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 Securitization Note, the Master Servicer, the
Special Servicer, the Certificate Administrator or the Trustee, by the earlier of (x) the Master Servicer Remittance Date

 

    -20-

     

    

 

and
(y) the Business Day following the Non-Lead Securitization Determination Date, in each case so long as the date on which delivery
is required under this clause (ii) is at least one business day after the scheduled monthly payment date under the Loan Agreement;

 

(iii)         the
Master Servicer and Special Servicer, as applicable, shall provide (in electronic media) to each Non-Controlling Note Holder all
documents, certificates, instruments, notices, reports, operating statements, rent rolls and other information regarding the Mortgage
Loan that it has provided, or that it is required to provide, to the Controlling Note Holder or the Operating Advisor in connection
with any request for consent made to, or consultation with, the Non-Controlling Note Holder;

 

(iv)         the
Non-Lead Securitization Note Holder shall be entitled to the same indemnity as the Lead Securitization Note Holder under the Lead
Securitization Servicing Agreement; each of the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator,
the Operating Advisor, 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 depositor of any public Securitization related to a Non-Lead
Securitization Note, 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 (v) below in a timely manner, (ii) its failure to perform its obligations to such depositor or Non-Lead Trustee
under Article XI (or any article substantially similar thereto that addresses Exchange Act reporting and Regulation AB compliance)
of the Lead Securitization Servicing Agreement by the time required after giving effect to any applicable grace period or cure
period, (iii) the failure of any Servicing Function Participant or Additional Servicer retained by it (other than a Mortgage Loan
Seller Sub-Servicer) to perform its obligations to such depositor or trustee under such Article XI (or any article substantially
similar thereto that addresses Exchange Act reporting and Regulation AB compliance) of the Lead Securitization Servicing Agreement
by the time required and/or (iv) any Deficient Exchange Act Deliverable regarding, and delivered by or on behalf of, such party;

 

(v)          with
respect to any Non-Lead Securitization that is subject to reporting requirements under the Securities Act, the Exchange Act (including
Rule 15Ga-1), and Regulation AB, (a) the Master Servicer, any primary servicer, the Special Servicer, the Trustee, the Certificate
Administrator or other party acting as custodian for the Lead Securitization shall be required to deliver (and shall be required
to cause each other servicer and servicing function participant (within the meaning of Items 1123 and 1122, respectively, of Regulation
AB) retained or engaged by it to deliver; provided that such party shall only be required to use commercially reasonable efforts
to cause a Mortgage Loan Seller Sub-Servicer to deliver), to the Non-Lead Depositor and the Non-Lead Trustee, in a timely manner,
(i) the reports, certifications, compliance statements, accountants’ assessments and attestations, and all 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 clauses (i) and (ii), as the
parties to each Non-Lead

 

    -21-

     

    

 

Securitization may reasonably require in order to comply with their obligations under the Securities
Act, the Exchange Act (including Rule 15Ga-1), Regulation AB and Form SF-3 and (b) without limiting the generality of the foregoing,
the Initial Note Holder of the Lead Securitization Note shall provide in a timely manner to the Non-Lead Depositor and the Non-Lead
Trustee, if any, a copy of the Lead Securitization Servicing Agreement in EDGAR-compatible format (but not later than one business
day following the closing date of the Lead Securitization) and each Servicer under the Lead Securitization Servicing Agreement
will be required, upon prior written request, to provide to the Non-Lead Depositor and the Non-Lead Trustee, if any, any other
information required to comply in a timely manner with applicable filing requirements under Items 1.01 and 6.02 of Form 8-K, any
other disclosure information required pursuant to Regulation AB, in each case in a timely manner for inclusion in any disclosure
document (or for filing under Form 8-K, as applicable), and with respect to such Servicers, upon prior written request, market
indemnification agreements, opinions and Regulation AB compliance letters as were or are being delivered with respect to the Lead
Securitization (in each case at the expense of the Non-Lead Securitization Note Holder). The Master Servicer, any primary servicer
and the Special Servicer shall each be required to provide certification and indemnification to each Certifying Person with respect
to the Sarbanes-Oxley Certification (or analogous terms) as such terms are defined in the Non-Lead Securitization Servicing Agreement;

 

(vi)        each
of the Master Servicer, the Special Servicer, the Custodian and the Trustee and each Affected Reporting Party (or analogous term)
shall cooperate (and require each Servicing Function Participant and Additional Servicer retained by it to cooperate under the
applicable Sub-Servicing Agreement), with the Non-Lead Depositor (including, without limitation, providing all due diligence information,
reports, written responses, negotiations and coordination) to the same extent as such party is required to cooperate with the
Depositor under Article XI (or any article substantially similar thereto that addresses Exchange Act reporting and Regulation
AB compliance) 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 the Non-Lead Depositor in any telephone conferences and meetings with the United States Securities and Exchange
Commission (the “Commission”) and other costs the Non-Lead Depositor must bear pursuant to Article XI (or any article
substantially similar thereto that addresses Exchange Act reporting and Regulation AB compliance) 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;

 

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

 

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(viii)      each
Non-Lead Master Servicer and 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 Non-Lead Special Servicer, as the case may be, and the provisions regarding coordination of Advances;

 

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

 

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

 

(xi)          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 Securitization Note Holder, which failure continues unremedied
for one (1) Business Day following the date on which such payment was to be made; (ii) solely with respect to the Special Servicer,
the failure to deposit into any REO Account any amount required to be so deposited within two (2) Business Days after the date
such deposit was to be made, or the failure to remit to the Master Servicer for deposit into the Collection Account or the 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 a Non-Lead
Securitization by the rating agencies rating such securities (and such qualification, downgrade, withdrawal or “watch status”
placement shall not have been withdrawn by such rating agencies within sixty (60) days of actual knowledge of such event by the
Master Servicer or the Special Servicer, as the case may be), and publicly citing servicing concerns with the Master Servicer
or Special Servicer, as applicable, as the sole or a material factor in such rating action; and (iv) the failure to provide to
a Non-Lead Securitization Note Holder (if and to the extent required under the related Non-Lead Securitization) reports required
under the Exchange Act, and the rules and regulations thereunder, in a timely fashion. Upon the occurrence of such a Servicer
Termination Event with respect to the Master Servicer affecting a Non-Lead Securitization Note Holder, and the Master Servicer
is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Trustee or the Master Servicer shall,
upon the direction of a Non-Lead Securitization Note Holder, require the appointment of a subservicer with respect to the related
Non-Lead Securitization Note. Upon the occurrence of a Servicer Termination Event with respect to the Special Servicer affecting

 

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a Non-Lead Securitization Note Holder, and the Special Servicer is not otherwise terminated pursuant to the Lead Securitization
Servicing Agreement, the Trustee shall, upon direction of a Non-Lead Securitization Note Holder, terminate the Special Servicer
with respect to, but only with respect to, the Mortgage Loan;

 

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

 

(xiii)       any
late collections received by the Master Servicer from the Mortgage Loan Borrower that are allocable to a Non-Lead Securitization
Note or reimbursable to a Non-Lead Master Servicer or a Non-Lead Trustee shall be remitted by the Master Servicer to the related
Non-Lead Master Servicer within one (1) Business Day of receipt of properly identified and available funds constituting such late
collections; provided, however, that to the extent any such amounts are received after 3:00 p.m. Eastern time on any given Business
Day, the Master Servicer shall use commercially reasonable efforts to remit such late collections to such Non-Lead Master Servicer
within one (1) Business Day of receipt of properly identified and available funds but, in any event, the Master Servicer shall
remit such amounts within two (2) Business Days of receipt of properly identified and available funds;

 

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

 

(xv)        any
conflict between the Lead Securitization Servicing Agreement and this Agreement shall be resolved in favor of this Agreement provided
that in no event shall the Master Servicer or the Special Servicer, as the case may be, take any action or omit to take any action
in accordance with the terms of this Agreement that would cause the Master Servicer or the Special Servicer, as the case may be,
to violate the Servicing Standard or the REMIC Provisions;

 

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(xvi)       special
servicing, workout and liquidation fee rates shall not exceed 0.25%, 1.00% and 1.00%, respectively, subject to any market minimum
special servicing fees and fee offsets set forth in the Lead Securitization Servicing Agreement;

 

(xvii)      each
Lead Securitization Servicing Agreement shall also satisfy Moody’s rating methodology as of the closing date of the Lead
Securitization Servicing Agreement for eligible accounts and permitted investments for a securitization rated “Aaa”
by Moody’s; and

 

(xviii)     The
holder of the Lead Securitization Note shall:

 

(i)          on,
or within a timely manner following, the closing date of the Lead Securitization, provide notice of the closing of the Lead Securitization
and send (or provide for access through a financial printer together with notice (which may be by email) and contact information
therefor) a copy (in EDGAR-compatible format) of the Lead Securitization Servicing Agreement to each other Note Holder; and

 

(ii)          give
each other Note Holder written notice in a timely manner (but no later than one (1) business day prior to the applicable filing
date) of any re-filing (other than a filing made in connection with a formal amendment of the Lead Securitization Servicing Agreement)
by the Depositor of the Lead Securitization Servicing Agreement subsequent to the Securitization Date if such filing contains
revisions or changes that are material to the other Note Holders.

 

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

 

(i)          such
Non-Lead Securitization Note Holder shall be responsible for its pro rata share of any Nonrecoverable Advances relating
to Servicing Advances (and Advance Interest thereon) and any additional expenses of the Trust Fund, but only to the extent that
such expenses 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 in the event that amounts on deposit in the Companion
Distribution Account or Collection Account in respect of the Mortgage Loan, as applicable, are insufficient for reimbursement
of such amounts, (i) the related Non-Lead Master Servicer will be required to, promptly following notice from the Master Servicer,
reimburse the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee, as applicable, out of general
collections in the collection account (or equivalent account) established under the Non-Lead Securitization Servicing Agreement
for such Non-Lead Securitization Note Holder’s pro rata share of any such Nonrecoverable Advances and/or additional
expenses of the Trust Fund, and (ii) 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 collections,
then the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee, as applicable, may do so and the
related

 

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Non-Lead Master Servicer will be required to, promptly following notice from the Master Servicer, reimburse the Lead Securitization
Trust out of general collections in the collection account (or equivalent account) established under the related Non-Lead Securitization
Servicing Agreement for such Non-Lead Securitization Note Holder’s pro rata share of any such Nonrecoverable Advances
and/or additional expenses of the Trust Fund;

 

(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 each Securitization Trust holding a 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 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 the related Non-Lead Securitization Servicing
Agreement; provided, however, that such Non-Lead Securitization Servicing Agreement may include limitations and
conditions on the payment or reimbursement of Indemnified Items to the Operating Advisor (including limitations and conditions
with respect to the timing of such payments or reimbursements and the sources of funds for such payments or reimbursements);

 

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

 

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

 

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

 

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Non-Lead Securitization Note Holder (or its Note Holder Representative) and, when so
delivered to such Non-Lead Securitization Note Holder (or its 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 a Non-Lead Securitization Note (including any New Note), as applicable, all notices, reports, information or other deliverables
required to be delivered to the related Non-Lead Securitization Note Holder pursuant to this Agreement or the Lead Securitization
Servicing Agreement by the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf)
shall be delivered to the related Non-Lead Master Servicer and Non-Lead Special Servicer (who then may forward such items to the
party entitled to receive such items as and to the extent provided in the related Non-Lead Securitization Servicing Agreement)
and, when so delivered to such Non-Lead Master Servicer and such Non-Lead Special Servicer, the Lead Securitization Note Holder
(or the Master Servicer or the Special Servicer acting on its behalf) shall be deemed to have satisfied its delivery obligations
with respect to such items hereunder or under the Lead Securitization Servicing Agreement (except where required by this Agreement
or the Lead Securitization Servicing Agreement to deliver items directly to a Non-Lead Depositor or other party to a Non-Lead
Securitization Servicing Agreement for purposes of compliance with securities laws).

 

(f)          The
Lead Securitization Note Holder agrees that, if a Non-Lead Securitization Note is included in a Securitization, and such Non-Lead
Securitization is subject to reporting requirements under Regulation AB, the Master Servicer, the Special Servicer, the Trustee
and the Custodian shall be required to reasonably cooperate with the Non-Lead Asset Representations Reviewer in connection with
such Non-Lead Asset Representations Reviewer’s obligations under any Non-Lead Securitization Servicing Agreement with respect
to the Mortgage Loan by providing any documents reasonably requested by the Non-Lead Asset Representations Reviewer or other requesting
party in connection with the Non-Lead Asset Representations Reviewer’s obligations, but only to the extent such documents
are in the possession of the Master Servicer, the Special Servicer, the Trustee or the Custodian, as the case may be, but in any
event excluding any documents known to such the Master Servicer, the Special Servicer, the Trustee or the Custodian to contain
information that is proprietary to the related originator or Initial Note Holders or any draft documents or privileged or internal
communications. The reasonable out-of-pocket expenses of the Master Servicer, Special Servicer, the Trustee and the Custodian
actually incurred in connection with their compliance with such requests shall be reimbursable by the Non-Lead Asset Representations
Reviewer or, if not paid by the Non-Lead Asset Representations Reviewer, the Non-Lead Securitization Note Holder.

 

Section
3.          Priority of Payments.

 

(a)          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 Periodic Payments, the Balloon Payment,

 

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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 to be applied to the restoration or repair of the Mortgaged Property or released to the Mortgage Loan Borrower
in accordance with the terms of the Mortgage Loan Documents) shall be applied by the Lead Securitization Note Holder (or its designee)
to the Notes on a Pro Rata and Pari Passu Basis; provided, that (x) all amounts for required reserves or escrows required by the
Mortgage Loan Documents to be held as reserves or escrows or received as reimbursements on account of recoveries in respect of
property protection expenses or Servicing Advances then due and payable or reimbursable to the Trustee or any Servicer under the
Lead Securitization Servicing Agreement shall be applied to the extent set forth in, and in accordance with the terms of, the
Mortgage Loan Documents; and (y) all amounts that are then due, payable or reimbursable to any Servicer, with respect to the Mortgage
Loan pursuant to the Lead Securitization Servicing Agreement and any other compensation payable to it thereunder (including without
limitation, any additional expenses of the Trust Fund 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 and 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 Master Servicing
Fees due to the Master Servicer in excess of the 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 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 Non-Lead Master Servicer or the Non-Lead Trustee for any interest accrued on any P&I Advance
made with respect to such Note by such party (if and as specified in the Lead Securitization Servicing Agreement or the 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 expenses of the Trust Fund (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, shall be paid to the Master Servicer and the Special Servicer as additional servicing compensation as provided
in the Lead Securitization Servicing Agreement.

 

Any
proceeds received from the sale of the primary servicing rights with respect to the Mortgage Loan shall be remitted, promptly
upon receipt thereof, to the Note Holders on a Pro Rata and Pari Passu Basis. Any proceeds received by any Note Holder from the
sale of master servicing rights with respect to its Note shall be for its own account.

 

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

 

Section
5.          Administration of the Mortgage Loan.

 

(a)       Subject
to this Agreement (including 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, the Lead Securitization Note Holder (or the Master Servicer,
the Special Servicer or the Trustee acting on behalf of the Lead Securitization Note Holder) shall have the sole and exclusive
authority with respect to the administration of, and exercise of rights and remedies with respect to, the Mortgage Loan, including,
without limitation, the sole authority to modify or waive any of the terms of the Mortgage Loan Documents or consent to any action
or failure to act by the Mortgage Loan Borrower or any other party to the Mortgage Loan Documents, call or waive any Event of
Default, accelerate the Mortgage Loan or institute any foreclosure action or other remedy, and no Non-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 behalf
of the Lead Securitization Note Holder) 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

 

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Servicing Agreement and shall require
that all offers be submitted to the Special Servicer in writing. Whether any cash offer constitutes a fair price for the Mortgage
Loan shall be determined by the Special Servicer, if the highest offeror is a Person other than an Interested Person, and by the
Trustee, if the highest offeror is an Interested Person. Absent an offer at least equal to the Purchase Price, no offer from an
Interested Person shall constitute a fair price unless (i) it is the highest offer received and (ii) at least two other offers
are received from independent third parties. In determining whether any offer from an Interested Person received represents a
fair price for the Mortgage Loan, the Trustee shall rely on the most recent Appraisal (or update of such 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. In determining whether any such offer from a Person other than an Interested Person constitutes
a fair price for the Mortgage Loan, the Special Servicer shall take into account (in addition to the results of any Appraisal
or updated Appraisal or narrative appraisal that it may have obtained within the prior nine (9) months pursuant to the Lead Securitization
Servicing Agreement) among other factors, the period and amount of the occupancy level and physical condition of the Mortgaged
Property and the state of the local economy. In determining whether any offer received from an Interested Person represents a
fair price for any such Defaulted Loan, the Trustee shall rely on the most recent Appraisal (or update of such Appraisal) of the
related Mortgaged Property conducted in accordance with this Agreement within the preceding nine (9) month period or, in the absence
of any such Appraisal, on a new Appraisal. Except as provided in the following paragraph, the cost of any Appraisal will be covered
by, and will be reimbursable as, a Servicing Advance by the Master Servicer. Notwithstanding the foregoing, the Lead Securitization
Note Holder (or the Special Servicer acting on behalf of the Lead Securitization Note Holder) shall not be permitted to sell the
Mortgage Loan without the written consent of each Non-Lead Securitization Note Holder (provided that such consent is not
required if the related Non-Lead Securitization Note is held by a Borrower Party) unless the Special Servicer has delivered to
such Non-Lead Securitization Note Holder: (a) at least 15 Business Days prior written notice of any decision to attempt to sell
the Mortgage Loan; (b) at least 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 servicing file
reasonably requested by such Non-Lead Securitization Note Holder that are material to the sale price of the Mortgage Loan and
(d) until the sale is completed, and a reasonable period of time (but no less time than is afforded to other offerors and the
Lead Securitization Note Holder Representative) prior to the proposed sale date, all information and other documents being provided
to other offerors and all leases or other documents that are approved by the Master Servicer or the Special Servicer in connection
with the proposed sale; provided, however, that such Non-Lead Securitization Note Holder may waive any delivery
or timing requirements set forth in this sentence only for itself. Subject to the foregoing, each of the Controlling Note Holder,
the Controlling Note Holder Representative, the Non-Controlling Note Holders and the Non-Controlling Note Holder Representatives
shall be permitted to submit an offer at any sale of the Mortgage Loan (unless such Person is a Borrower Party).

 

Notwithstanding
anything contained in the preceding paragraph to the contrary, if the Trustee is required to determine whether a cash offer by
an Interested Person constitutes a

 

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fair price, the Trustee may (at its option and at the expense of the offering Interested Person
purchaser) designate an independent third party expert in real estate or commercial mortgage loan matters with at least five (5)
years’ experience in valuing 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. If the Trustee designates such third party to
make such determination, the Trustee shall be entitled to rely conclusively upon such third party’s determination. The reasonable
fees of, and the costs of all appraisals, inspection reports and broker opinions of value incurred by any such third party shall
be covered by, and shall be reimbursable, from the offering Interested Person.

 

Each
Non-Lead Securitization Note Holder hereby confirms its prior appointment of the Lead Securitization Note Holder as its agent,
and grants to the Lead Securitization Note Holder an irrevocable power of attorney coupled with an interest, and its proxy, for
the purpose of soliciting and accepting offers for and consummating the sale of the related Non-Lead Securitization Note. Each
Non-Lead Securitization Note Holder further agrees that, upon the request of the Lead Securitization Note Holder, such Non-Lead
Securitization Note Holder shall execute and deliver to or at the direction of Lead Securitization Note Holder such powers of
attorney or other instruments as the Lead Securitization Note Holder may reasonably request to better assure and evidence the
foregoing appointment and grant, in each case promptly following request, and shall deliver the original related Non-Lead Securitization
Note, endorsed in blank, to or at the direction of the Lead Securitization Note Holder in connection with the consummation of
any such sale.

 

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

 

(b)       The
administration of the Mortgage Loan shall be governed by this Agreement and the Lead Securitization Servicing Agreement. The servicing
of the Mortgage Loan shall be carried out by the Master Servicer and, if the Mortgage Loan is a Specially Serviced Mortgage Loan
(or to the extent otherwise provided in the Lead Securitization Servicing Agreement), by the Special Servicer, in each case pursuant
to the Lead Securitization Servicing Agreement. Notwithstanding anything to the contrary contained herein, in accordance with
the Lead Securitization Servicing Agreement, the Lead Securitization Note

 

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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. The Lead Securitization
Servicing Agreement shall not be amended in any manner that may materially and 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 a Borrower Party) shall be a third-party beneficiary to
the Lead Securitization Servicing Agreement with respect to its rights as specifically provided for therein.

 

(c)       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
Note Holder Representative pursuant to the Lead Securitization Servicing Agreement (for this purpose, without regard to whether
such items are actually required to be provided to the Lead Securitization Note Holder Representative under the Lead Securitization
Servicing Agreement due to the occurrence of a Control Termination Event or a Consultation Termination Event or effectively equivalent
period) with respect to any Major Decision or the implementation of any recommended actions outlined in an Asset Status Report
relating to the Mortgage Loan, to a Non-Lead Securitization Note Holder (or its Non-Lead Securitization Note Holder Representative),
within the same time frame it is required to provide to the Lead Securitization Note Holder Representative (for this purpose,
without regard to whether such items are actually required to be provided to the Lead Securitization Note Holder Representative
under the Lead Securitization Servicing Agreement due to the occurrence of a Control Termination Event or a Consultation Termination
Event or effectively equivalent period) and (ii) to consult with each Non-Lead Securitization Note Holder (or its Non-Lead Securitization
Note Holder Representative) on a strictly non-binding basis, to the extent having received such notices, information and reports,
such Non-Lead Securitization Note Holder (or its Non-Lead Securitization Note Holder Representative) requests consultation with
respect to any such Major Decision or the implementation of any recommended actions outlined in an Asset Status Report relating
to the Mortgage Loan, and consider alternative actions recommended by such Non-Lead Securitization Note Holder (or its Non-Lead
Securitization Note Holder Representative); provided that after the expiration of a period of ten (10) Business Days from
the delivery to such Non-Lead Securitization Note Holder (or its Non-Lead Securitization 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 Note Holder
Representative, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall
no longer be obligated to consult with such Non-Lead Securitization Note Holder (or its Non-Lead Securitization Note Holder Representative)
(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

 

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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-Lead Securitization Note Holder (or its Non-Lead Securitization 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 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-Lead Securitization Note Holder (or its Non-Lead Securitization
Note Holder Representative).

 

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

 

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

 

Anything
herein or in the Lead Securitization Servicing Agreement to the contrary notwithstanding, if one of the Notes is included in a
REMIC and the other is not, such other Note Holder shall not be required to reimburse such Note Holder or any other Person for
payment of (i) any taxes imposed on such REMIC, (ii) any costs or expenses relating to the

 

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

 

Section
6.          Rights of the Controlling Note Holder and Non-Controlling Note Holders.

 

(a)       The
Controlling Note Holder shall have the right at any time to appoint a representative in connection with the exercise of its rights
and obligations with respect to the Mortgage Loan (the “Controlling Note Holder Representative”). The Controlling
Note Holder shall have the right in its sole discretion at any time and from time to time to remove and replace the Controlling
Note Holder Representative. When exercising its various rights under Section 5 and elsewhere in this Agreement, the Controlling
Note Holder may, at its option, in each case, act through the Controlling Note Holder Representative. The Controlling Note Holder
Representative may be any Person (other than a Borrower Party), including, without limitation, the Controlling Note Holder, any
officer or employee of the Controlling Note Holder, any Affiliate of the Controlling Note Holder or any other unrelated third
party. No such Controlling Note Holder Representative shall owe any fiduciary duty or other duty to any other Person (other than
the Controlling Note Holder). All actions that are permitted to be taken by the Controlling Note Holder under this Agreement may
be taken by the Controlling Note Holder Representative acting on behalf of the Controlling Note Holder. No Servicer, Certificate
Administrator or Trustee acting on behalf of the Lead Securitization Note Holder shall be required to recognize any Person as
a Controlling Note Holder Representative until the Controlling Note Holder has notified each Servicer, Certificate Administrator
and 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 each Servicer, Certificate Administrator and Trustee with written
confirmation of its acceptance of such appointment (and such parties will be entitled to rely on such notice), an address and
facsimile number for the delivery of notices and other correspondence and a list of officers or employees of such person with
whom the parties to this Agreement may deal (including their names, titles, work addresses and facsimile numbers). The Controlling
Note Holder shall promptly deliver such information to any Servicer, Certificate Administrator and Trustee. None of the Servicers,
Certificate Administrator 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, in such capacity, will have any liability to the other
Note Holders or any other Person for any action taken, or for refraining from the taking of any action or the giving of any consent
or the failure to give any consent pursuant to this Agreement or the Lead Securitization Servicing Agreement, or errors in judgment,
absent any loss, liability or expense incurred by reason of its willful misfeasance, bad faith, gross negligence or breach of
this Agreement. The

 

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

 

(b)       Each
Non-Controlling Note Holder shall have the right at any time to appoint a representative (other than a Borrower Party) 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 Section 6(a) shall apply to each Non-Controlling Note Holder and its Non-Controlling Note Holder
Representative mutatis mutandis.

 

Each
Non-Controlling Note Holder 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 Servicing Agreement;
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 Servicing Agreement 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. The Non-Controlling Note Holder Representative with respect to the Non-Controlling Notes,
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, the Initial Note A-3-1 Holder and the Initial Note A-3-2 Holder.

 

(c)       The
Controlling Note Holder shall be entitled to exercise the rights and powers granted to the Controlling Note Holder hereunder and
the rights and powers granted to the “Directing Holder,” “Controlling Class Certificateholder,” “Controlling
Class Representative” or similar party under, and as defined in, the Lead Securitization Servicing Agreement with respect
to the Mortgage Loan. In addition, the Controlling Note Holder shall be entitled to advise (1) the Special Servicer with respect
to all matters related to the Mortgage

 

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Loan if it is a “Specially Serviced Loan” (as defined in the Lead Securitization
Servicing Agreement) and (2) the Special Servicer with respect to all matters for which the Master Servicer must obtain the consent
or deemed consent of the Special Servicer, and, except as set forth below, (i) the Master Servicer shall not be permitted to implement
any Major Decision unless it has obtained the prior written consent of the Special Servicer and (ii) the Special Servicer shall
not be permitted to consent to the Master Servicer’s implementing any Major Decision nor will the Special Servicer itself
be permitted to implement any Major Decision as to which the Controlling Note Holder has objected in writing within ten (10) Business
Days after receipt of the written recommendation and analysis and such additional information requested by the Controlling Note
Holder, and reasonably available to the Special Servicer, as may be necessary in order to make a judgment with respect to such
Major Decision. The Controlling Note Holder may also direct the Special Servicer to take, or to refrain from taking, such other
actions with respect to the Mortgage Loan as the Controlling Note Holder may deem advisable.

 

If
the Controlling Note Holder fails to notify the Special Servicer of its approval or disapproval of any proposed Major Decision
within ten (10) Business Days after delivery to the Controlling Note Holder by the applicable Servicer of written notice of a
proposed Major Decision together with any information requested by the Controlling Note Holder as may be necessary in the reasonable
judgment of the Controlling Note Holder in order to make a judgment, then upon the expiration of such ten (10) Business Day period,
such Major Decision shall be deemed to have been approved by the Controlling Note Holder.

 

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

 

No
objection, consent, direction or advice contemplated by the preceding paragraphs may, and neither the Master Servicer nor Special
Servicer shall take any action that would (i) 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 or the Master Servicer or Special Servicer’s obligation to act in accordance with the Servicing Standard
or (ii) result in the imposition of a tax on any Trust REMIC under the REMIC Provisions or cause any REMIC Pool to fail to qualify
as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under subpart E, part I of subchapter J of the Code
for federal income tax purposes, (iii) expose the Master Servicer, the Special Servicer, the Certificate Administrator, the Operating
Advisor, the Depositor, the Asset Representations Reviewer, the Trust or the Trustee or any of their respective Affiliates, officers,
directors, shareholders, partners, members, managers, employees or agents to any claim, suit, or liability for which this Agreement
or the Lead Securitization Servicing Agreement does not provide indemnification to such party or expose any such party to

 

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prosecution
for a criminal offense, (iii) materially expand the scope of responsibilities of any of the Master Servicer, Special Servicer,
the Certificate Administrator, the Asset Representations Reviewer, the Trustee or the Operating Advisor, as applicable, under
this Agreement or the Lead Securitization Servicing Agreement.

 

Section
7.          Appointment of Special Servicer. Subject to the conditions
and requirements set forth in the Lead Securitization Servicing Agreement, the Controlling Note Holder shall have the right at
any time and from time to time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage
Loan and appoint a replacement Special Servicer in lieu thereof. Any designation by the Controlling Note Holder (or its Controlling
Note Holder Representative) of a Person to serve as Special Servicer shall be made by delivering to the other Note Holder, the
Master Servicer, the then existing Special Servicer and other parties to the Lead Securitization Servicing Agreement a written
notice stating such designation and satisfying the other conditions to such replacement as set forth in the Lead Securitization
Servicing Agreement (including, without limitation, a Rating Agency 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 rated securities issued and outstanding under the related Securitization if such replacement Special Servicer does not
meet the Required Special Servicer Rating with respect to those Rating Agencies rating the securities of any Securitization related
to a Non-Controlling Note Holder. 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 Non-Controlling Note Holders of its termination
of the then currently serving Special Servicer and its appointment of a replacement Special Servicer in accordance with this Section
7. If the Controlling Note Holder has not appointed a Special Servicer with respect to the Mortgage Loan as of the consummation
of the securitization under the Lead Securitization Servicing Agreement, then the initial Special Servicer designated in the Lead
Securitization Servicing Agreement shall serve as the initial Special Servicer but this shall not limit the right of the Controlling
Note Holder (or its Controlling Note Holder Representative) to designate a replacement Special Servicer for the Mortgage Loan
as aforesaid. If a Servicer Termination Event on the part of the Special Servicer has occurred that affects a Non-Controlling
Note Holder, such Non-Controlling Note Holder shall have the right to direct the Trustee (or at any time that the Mortgage Loan
is no longer included in a Securitization Trust, the Controlling Note Holder) to terminate the Special Servicer under the Lead
Securitization Servicing Agreement solely with respect to the Mortgage Loan pursuant to and in accordance with the terms of the
Lead Securitization Servicing Agreement. The Note Holders acknowledge and agree that any successor special servicer appointed
to replace the Special Servicer with respect to the Mortgage Loan that was terminated for cause at 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. The Non-Controlling Note Holder that directs 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 shall be
solely responsible for reimbursing the Trustee’s or the Controlling Note Holder’s, as applicable, costs and expenses,
if not paid within a reasonable time by the terminated special servicer and, in the case of the Trustee, that would otherwise
be reimbursed to the Trustee from amounts on deposit in the Collection Account under the Lead Securitization Servicing Agreement.

 

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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 Companion Distribution Account pursuant to and in accordance
with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer acting on its behalf)
shall deposit such amounts to the applicable account within two (2) Business Days after receipt by it of properly identified funds
by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower.

 

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

 

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

 

(d)       Each
Note Holder agrees that if at any time it shall receive from any sources whatsoever any payment on account of the Mortgage Loan
in excess of its distributable share thereof, it shall promptly remit such excess to the applicable Note Holder, subject to this
Agreement and the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder shall have the right to offset
any amounts due hereunder from a Non-Lead Securitization Note Holder with respect to the Mortgage Loan against any future payments
due to such Non-Lead Securitization Note Holder under the Mortgage Loan. A 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. Each Note
Holder shall have no liability to any other Note Holder with respect to its Note except with

 

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respect to losses actually suffered
due to the gross negligence, willful misconduct or breach of this Agreement on the part of such Note Holder; provided,
that, notwithstanding any of the foregoing to the contrary, each Servicer will nevertheless be subject to the obligations and
standards (including the Servicing Standard) set forth in the related Securitization Servicing Agreement.

 

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

 

Section
10.          Bankruptcy. Subject to Section 5(c), each Note Holder
hereby covenants and agrees that only the Lead Securitization Note Holder has the right to institute, file, commence, acquiesce,
petition under Bankruptcy Code Section 303 or otherwise or join any Person in any such petition or otherwise invoke or cause any
other Person to invoke an Insolvency Proceeding with respect to or against the Mortgage Loan Borrower or seek to appoint a receiver,
liquidator, assignee, trustee, custodian, sequestrator or other similar official with respect to the Mortgage Loan Borrower or
all or any part of its property or assets or ordering the winding-up or liquidation of the affairs of the Mortgage Loan Borrower.
Each Note Holder further agrees that only the Lead Securitization Note Holder, and not any Non-Lead Securitization Note Holder,
can make any election, give any consent, commence any action or file any motion, claim, obligation, notice or application or take
any other action in any case by or against the Mortgage Loan Borrower under the Bankruptcy Code or in any other Insolvency Proceeding.
Each Note Holder hereby confirms its prior appointment of 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 exercising
any and all rights and taking any and all actions available to such 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. Each Non-Lead Securitization Note Holder hereby agrees that, upon the request of the Lead
Securitization Note Holder, such 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 the Servicer in connection
with any Insolvency Proceeding are subject to and must be in accordance with the Servicing Standard.

 

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

 

Section
12.          No Creation of a Partnership or Exclusive Purchase Right. Nothing
contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby
between the Note Holders as a partnership, association, joint venture or other entity. 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 a 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 the other Note Holder or its Affiliates may make loans or otherwise extend credit to, and generally
engage in any kind of business with, a Borrower Party, any entity that is a holder of debt secured by direct or indirect ownership
interests in the Mortgage Loan Borrower or any entity that is a holder of a preferred equity interest in the Mortgage Loan Borrower
(each, a “Mortgage Loan Borrower Related Party”), and receive payments on such other loans or extensions of
credit to Mortgage Loan Borrower Related Parties and otherwise act with respect thereto freely and without accountability in the
same manner as if this Agreement and the transactions contemplated hereby were not in effect.

 

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Section
14.          Sale of the Notes.

 

(a)       Except
as contemplated by the second following sentence, 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 (a “Transfer”)
except to a Qualified Institutional Lender in accordance with the terms of this Agreement. Promptly after the Transfer (other
than a Transfer to a Securitization Trust), the non-transferring Note Holder(s) shall be provided with (x) a representation from
a transferee or the applicable Note Holder certifying that such transferee is a Qualified Institutional Lender (except in the
case of a Transfer in accordance with the immediately following sentence) and (y) a copy of the assignment and assumption agreement
referred to in Section 15. If a Note Holder intends to Transfer its respective Note, or any portion thereof, to an entity that
is not a Qualified Institutional Lender, it must first (a) obtain the consent of each non-transferring Note Holder and (b) if
such non-transferring Note Holder’s Note is held in a Securitization Trust, obtain a Rating Agency Confirmation from each
Rating Agency then rating the securities of such Securitization Trust. Notwithstanding the foregoing, without the non-transferring
Note Holder’s prior consent (which will not be unreasonably withheld), and, if such non-transferring Note Holder’s
Note is held in a Securitization Trust, until a Rating Agency Confirmation is obtained, no Note Holder shall Transfer all or any
portion of its Note (or a participation interest in such Note) to a Borrower Party and any such Transfer made without the prior
consent of the non-transferring Note Holder and Rating Agency Confirmation (if such non-transferring Note Holder’s Note
is held in a Securitization Trust), shall be absolutely null and void and shall vest no rights in the purported transferee; provided
that for the avoidance of doubt, transfers of any securities backed by a Note held in a Securitization Trust will not be subject
to the foregoing requirement and such transfers shall be governed by the terms of the Lead Securitization Servicing Agreement
or any related Non-Lead Securitization Servicing Agreement, as applicable. The transferring Note Holder agrees that it shall pay
the expenses of the 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
in connection with any such Transfer. Notwithstanding the foregoing, each Note Holder shall have the right, without the need to
obtain the consent of the other Note Holder or of any other Person or having to provide any Rating Agency Confirmation, to Transfer
49% or less (in the aggregate) of its beneficial interest in a Note. None of the provisions of this Section 14(a) shall apply
in the case of (1) a sale of all of the Notes together, 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 (as such
or similar term is defined in the Lead Securitization Servicing Agreement) 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,

 

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and (iii) the Lead Securitization Note Holder and any Persons acting on its behalf shall continue to deal solely and directly
with such Note Holder in connection with such Note Holder’s rights and obligations under this Agreement and the Lead Securitization
Servicing Agreement, and all amounts payable hereunder shall be determined as if such Note Holder had not sold such participation
interest.

 

(c)       Notwithstanding
any other provision hereof, any Note Holder may pledge (a “Pledge”) its Note to any entity (other than a Borrower
Party) which has extended a credit facility to such Note Holder and that is either a Qualified Institutional Lender or a financial
institution whose long-term unsecured debt is rated at least “A” (or the equivalent) or better by each 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
that 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 any other Note Holder and any Servicer that a Pledge has been effected (including
the name and address of the applicable Note Pledgee), such other Note Holder agrees to acknowledge receipt of such notice and
thereafter agrees: (i) to give Note Pledgee written notice of any default by the pledging Note Holder in respect of its obligations
under this Agreement of which default such Note Holder has actual knowledge; (ii) to allow such Note Pledgee a period of ten (10)
days to cure a default by the pledging Note Holder in respect of its obligations to any 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 the other Note Holders and any Servicer by such Note Pledgee that the pledging
Note Holder is in default, beyond any applicable cure periods, under the pledging Note Holder’s obligations to such Note
Pledgee pursuant to the applicable credit agreement between the pledging Note Holder and such Note Pledgee (which notice need
not be joined in or confirmed by the pledging Note Holder), and until such Redirection Notice is withdrawn or rescinded by such
Note Pledgee, Note Pledgee shall be entitled to receive any payments that any Note Holder or Servicer would otherwise be obligated
to pay to the pledging Note Holder from time to time pursuant to this Agreement or the Lead Securitization Servicing Agreement.
Any pledging Note Holder hereby unconditionally and absolutely releases the other Note Holders and any Servicer from any liability
to the pledging Note Holder on account of such other Note Holder’s or Servicer’s compliance with any Redirection Notice
believed by any Servicer or such other Note Holder to have been delivered by a Note Pledgee. A Note Pledgee shall be permitted
to exercise fully its rights and remedies against the pledging Note Holder to such Note Pledgee (and accept an assignment in lieu
of foreclosure as to such collateral), in

 

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accordance with applicable law and this Agreement. In such event, the Note Holders and
any Servicer shall recognize such Note Pledgee (and any transferee other than a Borrower Party that is also a Qualified Institutional
Lender at any foreclosure or similar sale held by such Note Pledgee or any transfer in lieu of foreclosure), and its successor
and assigns, as the successor to the pledging Note Holder’s rights, remedies and obligations under this Agreement, and any
such Note Pledgee or Qualified Institutional Lender shall assume in writing the obligations of the pledging Note Holder hereunder
accruing from and after such Transfer (i.e., realization upon the collateral by such Note Pledgee) and agrees to be bound
by the terms and provisions of this Agreement. The rights of a Note Pledgee under this Section 14(c) shall remain effective as
to any Note Holder (and any Servicer) unless and until such Note Pledgee shall have notified any such Note Holder (and any Servicer,
as applicable) in writing that its interest in the pledged Note has terminated.

 

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

 

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

 

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

 

(iii)      Such
Note Holder pledges 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

 

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

 

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

 

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

 

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

 

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

 

(b)       CONSENTS
THAT ANY SUCH ACTION OR PROCEEDING MAY BE BROUGHT IN SUCH COURTS AND, TO THE EXTENT PERMITTED BY LAW,

 

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WAIVES ANY OBJECTION THAT
IT MAY NOW OR HEREAFTER HAVE TO THE VENUE OF ANY SUCH ACTION OR PROCEEDING IN ANY SUCH COURT OR THAT SUCH ACTION OR PROCEEDING
WAS BROUGHT IN AN INCONVENIENT COURT AND AGREES NOT TO PLEAD OR CLAIM THE SAME;

 

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

 

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

 

Section
18.          Modifications. This Agreement shall not be modified,
cancelled or terminated except by an instrument in writing signed by each Note Holder. Additionally, for as long as any Note is
contained in a Securitization Trust, the Note Holders shall not amend or modify this Agreement without first obtaining a Rating
Agency Confirmation from each Rating Agency then rating any 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 in this Agreement consistent
with other provisions of this Agreement (including, without limitation, in connection with the creation of New Notes pursuant
to Section 32).

 

Section
19.          Successors and Assigns; Third Party Beneficiaries. This
Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns. Except
as provided herein, including without limitation, with respect to the Trustee, Certificate Administrator, Master Servicer and
Special Servicer and the 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.

 

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

 

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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.

 

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

 

(b)       Each
Non-Lead Securitization Note Holder shall and hereby agrees to indemnify the Lead Securitization Note Holder against and hold
the Lead Securitization Note Holder harmless from and against any Taxes, interest, penalties and attorneys’ fees and disbursements
arising or resulting from any failure of the Lead Securitization Note Holder to withhold Taxes from payment made such Non-Lead
Securitization Note Holder in reliance upon any representation, certificate, statement, document or instrument made or provided
by such Non-Lead Securitization Note Holder to the Lead Securitization Note Holder in connection with the obligation of the Lead
Securitization Note Holder to withhold Taxes from payments made to such Non-Lead Securitization Note Holder, it being expressly
understood and agreed that (i) the Lead Securitization Note Holder shall be absolutely and unconditionally entitled to accept
any such representation, certificate, statement, document or instrument as being true and correct in all respects and to fully
rely thereon without any obligation or responsibility to investigate or to make any inquiries with respect to the accuracy, veracity,
correctness or validity of the same and (ii) such Non-Lead Securitization Note Holder, upon request of the Lead Securitization
Note Holder and at its sole cost and expense, shall defend any claim or action relating to the foregoing indemnification using
counsel selected by the Lead Securitization Note Holder.

 

(c)       Each
Non-Lead Securitization Note Holder represents to the Lead Securitization Note Holder (for the benefit of the Mortgage Loan Borrower)
that it is not a Non-

 

    -46-

     

    

 

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

 

Section
25.          Custody of Mortgage Loan Documents. The originals of
all of the Mortgage Loan Documents (other than the originals of the Non-Lead Securitization Notes) shall be held in the name of
the Trustee (by a duly appointed custodian therefor), in accordance with the terms of the Lead Securitization Servicing Agreement,
on behalf of the registered holders of the Notes.

 

Section
26.          Cooperation in Securitization. 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, the 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

 

    -47-

     

    

 

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 such 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 such Securitizing Note Holder (without any obligation to make additional
representations and warranties) to enable such 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 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.

 

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

 

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

 

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

 

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 representation made or
assignment and assumption agreement delivered to the Agent pursuant to Section 14 and Section 15;

 

    -48-

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

Section
30.          Reserved.

  

Section
31.          Resignation of Agent. The Agent may resign at any time
on ten (10) days’ prior notice, so long as a successor Agent, reasonably satisfactory to the Note Holders (it being agreed
that a Servicer, the Trustee or a Certificate Administrator in a Securitization is satisfactory to the Note Holders), has agreed
to be bound by this Agreement and perform the duties of the Agent hereunder. WFB, 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 a Lead Securitization,
the Master Servicer shall be deemed to have been automatically appointed as the successor Agent under this Agreement in place
of WFB or the master servicer of the First Securitization, as applicable, 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
32.          Resizing. Notwithstanding any other provision of this
Agreement, for so long as any Note Holder or an affiliate thereof (each, an “Original Entity”) is the owner
of a Note that is not included in a Securitization (each, an “Owned Note”), such Original Entity shall have
the right, subject to the terms of the Mortgage Loan Documents, to

 

    -49-

     

    

 

cause the Mortgage Loan Borrower to execute amended and restated
notes or additional notes (in either case, “New Notes”) reallocating the principal of the Owned Note to such
New Notes; or severing the Owned Note into one or more further “component” notes in the aggregate principal amount
equal to the then outstanding principal balance of the Owned Note provided that (i) the aggregate principal balance of
all outstanding New Notes following such amendments is no greater than the aggregate principal of the Owned Note prior to such
amendments, (ii) all Notes continue to have the same weighted average interest rate as the Notes prior to such amendments, (iii)
all Notes pay pro rata and on a pari passu basis and such reallocated or component notes shall be automatically
subject to the terms of this Agreement, and (iv) the Original Entity holding the New Notes shall notify the Lead Securitization
Note Holder, the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee in writing of such modified
allocations and principal amounts. 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 the other Note. In connection with the foregoing (provided the conditions set forth in (i) through (iv)
above are satisfied), the Master Servicer is hereby authorized and directed to execute amendments to the Mortgage Loan Documents
and this Agreement on behalf of any or all of the Note Holders, as applicable, solely for the purpose of reflecting such reallocation
of principal. 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, of such New Notes shall be as provided in the definition of such terms in this Agreement, provided that the Controlling
Note Holder shall be entitled to designate any New Note created from the originally existing Controlling Note to be a Non-Controlling
Note Holder. If the Lead Securitization Note Holder so requests, the Original Entity holding the New Notes shall (a) represent
that the conditions set forth in (i) through (iv) have been satisfied and/or (b) deliver a confirmation of the continued applicability
of this Agreement to the New Notes.

  

[Signature
Page Follows]

 

    -50-

     

    

 

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

 

	 	WILMINGTON TRUST, NATIONAL
	 	 	ASSOCIATION, AS TRUSTEE, FOR
	 	 	THE BENEFIT OF THE REGISTERED
	 	 	HOLDERS OF THE BANK 2017-BNK4,
	 	 	COMMERCIAL MORTGAGE PASS-
	 	 	THROUGH CERTIFICATES, SERIES
	 	 	2017-BNK4, as Note A-1 Holder
	 	 	 
	 	By:	Wells
                                         Fargo Bank, National Association, as 

Master Servicer
	 	 	 
	 	By:	/s/ Aldrin Buenaventura
	 	 	Name: Aldrin Buenaventura
	 	 	Title: Director
	 	 	 
	 	WELLS FARGO BANK, NATIONAL
	 	 	ASSOCIATION, as Initial Note A-2 Holder
	 	 	 
	 	By:	/s/ Jeffrey L. Cirillo
	 	 	Name: Jeffrey L. Cirillo
	 	 	Title: Managing Director

 

	 	GOLDMAN SACHS MORTGAGE
	 	 	COMPANY, as Initial Note A-3-1 Holder
	 	 	 
	 	By:	/s/ Michael Barbieri
	 		Name: Michael Barbieri
	 		Title: Authorized Representative

 

Amended
and Restated Agreement Among Note Holders – One West 34th Street

 

    

     

    

 

	 	GOLDMAN SACHS MORTGAGE
	 	 	COMPANY, as Initial Note A-3-2 Holder
	 	 	 
	 	By:	/s/ Michael Barbieri
	 	 	Name: Michael Barbieri
	 	 	Title: Authorized Representative

   

Amended
and Restated Agreement Among Note Holders – One West 34th Street

 

    

     

    

 

EXHIBIT
A

MORTGAGE LOAN SCHEDULE

 

Description
of Mortgage Loan

 

	Mortgage
    Loan Borrower:	Jacob’s
    First, LLC
	Date
    of Mortgage Loan:	March
    15, 2017
	Date
    of Note A-1:	March
    15, 2017
	Date
    of Note A-2:	March
    15, 2017
	Date
    of Note A-3-1:	May
    15, 2017
	Date
    of Note A-3-2:	May
    15, 2017
	Original
    Principal Amount of Mortgage Loan:	$150,000,000.00
	Principal
    Amount of Mortgage Loan as of the date hereof:	$150,000,000.00
	Initial
    Note A-1 Principal Balance:	$60,000,000.00
	Initial
    Note A-2 Principal Balance:	$30,000,000.00
	Initial
    Note A-3-1 Principal Balance:	$40,000,000.00
	Initial
    Note A-3-2 Principal Balance:	$20,000,000.00
	Location
    of Mortgaged Property:	One
    West 34th Street, 358 Fifth Avenue & 362 Fifth Avenue, New York, New York
	Initial
    Maturity Date:	April
    6, 2027

 

    A-1

     

    

 

EXHIBIT
B

 

1.          Note
A-1 Holder:

 

(i)         Depositor:

 

c/o
Wells Fargo Securities, LLC

375 Park Avenue, 2nd Floor, J0127 023

New York, New York 10152

Attention: A.J. Sfarra

 

with
a copy to:

Jeff D. Blake, Esq.

Wells Fargo Law Department, D1053 300

301 South College St.

Charlotte, North Carolina 28288

  

(ii)        Master
Servicer:

 

Wells Fargo Bank, National Association 

Commercial
Mortgage Servicing 

401
South Tryon Street, 8th Floor 

MAC
D1050-084 

Charlotte,
North Carolina 28202 

Attention:
BANK 2017-BNK4 Asset Manager 

Telecopy
Number: (704) 715-0036

  

with
a copy to:

Mayer Brown LLP 

214
North Tryon Street, Suite 3800 

Charlotte,
North Carolina 28202 

Attention:
Christopher J. Brady, Esq.

  

(iii)       Special
Servicer:

 

Rialto
Capital Advisors, LLC 

790
NW 107th Avenue, 4th Floor 

Miami,
Florida 33172 

Attention:
Liat Heller 

Facsimile
number: (305) 229-6425 

E-mail:
liat.heller@rialtocapital.com

  

with
copies to: 

 

Jeff
Krasnoff 

Facsimile
number: (305) 229-6425

E-mail:
jeff.krasnoff@rialtocapital.com; 

 

    B-1

     

    

 

Niral
Shah 

Facsimile
number: (305) 229-6425 

Email:
niral.shah@rialtocapital.com; 

 

Adam
Singer 

facsimile
number: (305) 229-6425 

Email:
adam.singer@rialtocapital.com 

 

(iv)       Trustee:

 

Wilmington
Trust, National Association

1100 North Market Street

Wilmington, Delaware 19890

Attention: CMBS Trustee BANK 2017-BNK4

 

with
a copy to:

  

CMBSTrustee@wilmingtontrust.com

Facsimile No.: (302) 636-4140

  

(v)        Certificate
Administrator:

 

Wells
Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Corporate Trust Services – BANK 2017-BNK4

 

with
a copy to:

  

cts.cmbs.bond.admin@wellsfargo.com

trustadministrationgroup@wellsfargo.com

  

(iv)       Operating
Advisor and Asset Representations Reviewer:

           

Pentalpha
Surveillance LLC 

375
North French Road, Suite 100 

Amherst,
New York 14228 

Attention:
Don Simon, Chief Operating Officer 

Email:
notices@pentalphasurveillance.com with BANK 2017-BNK4 in the subject line

 

2.         Initial
Note A-2 Holder:

  

Wells
Fargo Bank, National Association

375 Park Avenue, 2nd Floor

J0127-023

New York, New York 10152

Attention: A.J. Sfarra

 

    B-2

     

    

 

Email:
Anthony.sfarra@wellsfargo.com

with a copy to:

Jeff D. Blake, Esq.

Senior Counsel

Wells Fargo Law Department

D1053-300

301 South College St.

Charlotte, North Carolina 28288 

Email:
jeff.blake@wellsfargo.com

 

with
a copy to (if by email):

 

mike.jewesson@alston.com
and peter.mckee@alston.com

 

3.          Initial
Note A-3-1 Holder and Initial Note A-3-2 Holder:

  

Goldman
Sachs Mortgage Company 

200
West Street 

New
York, New York 10282 

Attention:
Miriam Wheeler 

Email:
Miriam.wheeler@gs.com

 

with a copy to:

Goldman Sachs Mortgage Company 

200
West Street 

New
York, New York 10282 

Attention:
General Counsel 

  

    B-3

     

    

 

EXHIBIT
C

PERMITTED FUND MANAGERS

  

		1.	AllianceBernstein

		2.	Annaly
                                         Capital Management

		3.	Apollo
                                         Real Estate Advisors

		4.	Archon
                                         Capital, L.P.

		5.	AREA
                                         Property Partners

		6.	Artemis
                                         Real Estate Partners

		7.	BlackRock,
                                         Inc.

		8.	Clarion
                                         Partners

		9.	Colony
                                         Capital, LLC

		10.	DLJ
                                         Real Estate Capital Partners

		11.	Dune
                                         Real Estate Partners

		12.	Eightfold
                                         Real Estate Capital, L.P.

		13.	Five
                                         Mile Capital Partners

		14.	Fortress
                                         Investment Group, LLC

		15.	Garrison
                                         Investment Group

		16.	H/2
                                         Capital Partners LLC

		17.	Hudson
                                         Advisors

		18.	Investcorp
                                         International

		19.	iStar
                                         Financial Inc.

		20.	J.P.
                                         Morgan Investment Management Inc.

		21.	JER
                                         Partners

		22.	Lend-Lease
                                         Real Estate Investments

		23.	Libermax
                                         Capital LLC

		24.	LoanCore
                                         Capital

		25.	Lone
                                         Star Funds

		26.	Lowe
                                         Enterprises

		27.	Normandy
                                         Real Estate Partners

		28.	Och-Ziff
                                         Capital Management Group

		29.	Praedium
                                         Group

		30.	Raith
                                         Capital Partners, LLC

		31.	Rialto
                                         Capital Management LLC

		32.	Rialto
                                         Capital Advisors LLC

		33.	Rockpoint
                                         Group

		34.	Rockwood

		35.	RREEF
                                         Funds

		36.	Square
                                         Mile Capital Management

		37.	The
                                         Blackstone Group

		38.	The
                                         Carlyle Group

		39.	Torchlight
                                         Investors

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

		41.	Westbrook
                                         Partners

		42.	Wheelock
                                         Street Capital

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

 

    C-1

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