Document:

Exhibit
4.9

AGREEMENT BETWEEN NOTEHOLDERS

Dated as of January 3, 2020

by and among

GRASS RIVER REAL ESTATE CREDIT PARTNERS
LOAN FUNDING, LLC

(Initial Note A-1, A-2, A-3, A-4, A-5 and A-6 Holder)

CANTOR COMMERCIAL REAL ESTATE LENDING,
L.P.

(Initial Note B Holder)

SOL Y LUNA

    	 	 	 

     

    

THIS AGREEMENT BETWEEN
NOTEHOLDERS, dated as of January 3, 2020 by and between GRASS RIVER REAL ESTATE CREDIT PARTNERS LOAN FUNDING, LLC (“3650”
and in its capacity as initial owner of Note A-1, A-2, A-3, A-4, A-5 and A-6, the “Initial 3650 Note Holder”,
and in its capacity as the initial agent, the “Initial Agent”), a Delaware limited liability company, having
an address at 2977 McFarlane Road, Suite 300, Coconut Grove, Florida 33133 and CANTOR COMMERCIAL REAL ESTATE LENDING, L.P., a Delaware
limited partnership, having an address at 110 East 59th Street, 6th Floor, New York, New York 10022 (“CCRE”
and in its capacity as initial owner of Note B, the “Initial CCRE Note Holder” and together with the Initial
3650 Note Holder, the “Initial Noteholders”).

W I T N E S S E T H:

WHEREAS, pursuant
to the Mortgage Loan Agreement (as defined herein) the Initial Noteholders originated a certain loan (the “Mortgage Loan”)
described on the schedule attached hereto as Exhibit A (the “Mortgage Loan Schedule”) to the mortgage
loan borrower(s) described on the Mortgage Loan Schedule (the “Mortgage Loan Borrower”) secured by certain first
mortgages or deeds of trust lien (as amended, modified or supplemented, the “Mortgage”) on one or more parcels
of, or estates in, real property located as described on the Mortgage Loan Schedule (collectively, the “Mortgaged Property”),
which is evidenced, inter alia, by seven (7) promissory notes (as amended, modified or supplemented, each a “Note”)
made by the Mortgage Loan Borrower in favor of the applicable Initial Noteholder having the designations, principal balances and
Initial Noteholder as set forth in the chart below. Each Note shall be referred to herein by its “Note Designation”
as set forth in the chart below.

	
        Note
        Designation
	
        Holder
	
        Original
        Principal Balance

	Note A-1	3650	$20,000,000
	Note A-2	3650	$20,000,000
	Note A-3	3650	$10,000,000
	Note A-4	3650	$25,000,000
	Note A-5	3650	$10,000,000
	Note A-6	3650	$5,000,000
	Note B	CCRE	$53,000,000

WHEREAS, the parties
hereto desire to enter into this Agreement to memorialize the terms under which they, and their successors and assigns, shall hold
each Note;

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

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

    	 	 	 

     

    

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

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

“Additional
Servicing Expenses” shall mean (a) all Servicing Advances, fees and/or expenses incurred by and reimbursable to any Servicer,
Trustee, Operating Advisor, certificate administrator or fiscal agent pursuant to the Servicing Agreement relating solely to the
Mortgage Loan, and (b) all interest accrued on Advances made by (x) any Servicer or Trustee in accordance with the terms of the
Servicing Agreement or (y) any Non-Lead Servicer or Non-Lead Trustee in accordance with the terms of the Non-Lead Securitization
Servicing Agreement; provided that (i) the aggregate special servicing fee (or equivalent) (which fee is payable solely
during the period that the Mortgage Loan is a Specially Serviced Mortgage Loan) shall not exceed an amount equal to 0.25% per annum
of the outstanding principal balance of the Mortgage Loan, (ii) the special servicing liquidation fee (or equivalent) shall not
exceed 1.0% of the collections made with respect to the Mortgage Loan or any sums received from proceeds from the disposition of
the Mortgaged Property or the Mortgage Loan, as the case may be, (iii) the special servicing workout fee (or equivalent) shall
not exceed 1.0% of the collections made with respect to the Mortgage Loan while the Mortgage Loan is a performing or “corrected”
loan (or such other analogous term pursuant to the Servicing Agreement), and (iv) in no event shall both a workout fee and a liquidation
fee be payable on the same principal payment.

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

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

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

“Agent”
shall mean the Initial Agent or such Person to whom the Initial Agent shall delegate its duties hereunder, and from and after the
Securitization Date shall mean the Certificate Administrator, if any, and if there is no Certificate Administrator, shall mean
the Trustee.

“Agent Office”
shall mean the designated office of the Agent in the State of New York, which office at the date of this Agreement is located at
2977 McFarlane Road, Suite 300, Coconut Grove, Florida 33133 , and which is the address to which notices to and correspondence
with the Agent should be directed. The Agent may change the address of its designated office by notice to the Noteholders.

    	 	 	 

     

    

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

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

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

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

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

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

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

“B Note”
shall mean the Note that has a designation starting with “B”.

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

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

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

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

“Certificate
Administrator” shall mean the certificate administrator appointed pursuant to the Lead PSA.

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

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

    	 	 	 

     

    

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

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

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

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

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

“Control”
means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of an
entity, whether through the ability to exercise voting power, by contract or otherwise.

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

(a)               
(1) the initial Principal Balance of the B Note set forth on the Mortgage Loan Schedule minus (2) the sum (without duplication)
of (x) any payments of principal (whether as principal prepayments or otherwise) allocated to, and received on, the B Note after
the date of its creation, (y) any Appraisal Reduction Amount for the Mortgage Loan that is allocated to such B Note and (z) any
losses realized with respect to the Mortgaged Property or the Mortgage Loan that are allocated to the B Note, is less than

(b)  
25% of the remainder of (i) the initial Principal Balance of the B Note set forth on the Mortgage Loan Schedule less (ii)
any payments of principal (whether as principal prepayments or otherwise) allocated to, and received by, the Note B Holder after
the date of its creation.

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

“Controlling
Noteholder” shall mean as of any date of determination

(i)           
the holder of the B Note unless a Control Appraisal Period has occurred and is continuing; or

(ii)           
if a Control Appraisal Period has occurred and is continuing, the holder or holders of a majority of the Note A-1;

provided
that, if the B Noteholder would be the Controlling Noteholder 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 Noteholder, a Control Appraisal Period shall be deemed to have
occurred. At any time the Lead Note is the Controlling Noteholder and is included in the Lead Securitization, references to the
“Controlling Noteholder” herein shall mean the holders of the majority of the class of securities issued in the Lead
Securitization designated as the “controlling class” (or such lesser amount as permitted under the terms of the Servicing
Agreement) or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Noteholder”
hereunder, as and to the extent provided in the Servicing Agreement.

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

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

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

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

“Defaulted
Mortgage Loan Purchase Price” shall mean the sum, without duplication, of

(a) the aggregate
of the Principal Balances of each A Note, (b) all accrued and unpaid interest on each of the A Notes at its applicable Interest
Rate, from the date as to which interest was last paid in full by Mortgage Loan Borrower up to and including the end of the interest
accrual period relating to the Monthly Payment Date next following the date the purchase occurred, (c) any other amounts due under
the Mortgage Loan to the holders of each A Note, 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) without duplication of amounts under clause (c), 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 special servicing fees incurred by or on behalf of the Notes unless previously reimbursed by the Mortgage
Loan Borrower, (e) without duplication of amounts under clause (c), any accrued and unpaid Advance Interest Amount with respect
to an Advance made by or on behalf of any holder of an A Note, (f) (x) if the Mortgage Loan Borrower or a Mortgage Loan Borrower
Related Party is the purchaser, or (y) if the Mortgage Loan is purchased more than ninety (90) days after such option first becomes
exercisable pursuant to Section 12 of this Agreement, any liquidation or workout fees payable under the Servicing Agreement with
respect to the Mortgage Loan and (g) any Recovered Costs not reimbursed previously to the holders of each A Note pursuant
to this Agreement. Notwithstanding the foregoing, if the Purchasing Noteholder is purchasing from the Mortgage Loan Borrower or
a Mortgage Loan Borrower Related Party, the Defaulted Mortgage Loan Purchase Price shall not include the amounts described under
clauses (d) - (f) of this definition.

    	 	 	 

     

    

If the Mortgage Loan
is converted into an REO Property, for purposes of determining the Defaulted Mortgage Loan Purchase Price, interest will be deemed
to continue to accrue on each Note at the applicable Default Rate as if the Mortgage Loan were not so converted. In no event shall
the Defaulted Mortgage Loan Purchase Price include amounts due or payable to the Purchasing Noteholder under this Agreement.

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

“Default
Interest” shall mean with respect to any Note, interest on such Note at a rate per annum equal to interest accrued thereon
at the Default Rate in excess of the Interest Rate applicable to such Note.

“Default
Rate” shall mean with respect to any Note, the lesser of the Interest Rate plus five percent (5%) or the maximum rate
permitted by applicable law.

“Depositor”
shall mean the Person selected by the Lead Noteholder to create the Lead Securitization Trust.

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

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

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

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

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

“Indemnified
Items” shall mean, collectively, any claims, losses, penalties, fines, forfeitures, reasonable legal fees and related
costs, judgments and any other costs, liabilities, fees and expenses incurred in connection with the servicing and administration
of the Mortgage Loan and the Mortgaged Property (or, with respect to the Operating Advisor, incurred in connection with the provision
of services for the Mortgage Loan) under the Servicing Agreement.

“Indemnified
Parties” shall mean, collectively, (i) as and to the same extent the Lead Securitization Trust is required to indemnify
each of the following parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the terms of the
Servicing Agreement, each of the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Operating
Advisor, the 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 Servicing Agreement in respect of other mortgage loans)
and (ii) the Lead Securitization Trust.

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

    	 	 	 

     

    

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

“Initial
3650 Note Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

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

“Initial
Noteholder” as to any Note shall mean either the Initial 3650 Note Holder or the Initial CCRE Note Holder as is designated
the “Holder” in the table set forth in the preamble to this Agreement.

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

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

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

“Interest
Rate” shall have the meaning assigned to such term or any one or more analogous terms in the Mortgage Loan Documents.

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

“Interim
Servicing Agreement” shall mean that certain interim servicing agreement to be negotiated in good faith between the parties
hereto after the date hereof. Until such time as the parties hereto execute an Interim Servicing Agreement, the Noteholder of the
Lead Note shall

    	 	 	 

     

    

cause the Mortgage Loan to be serviced
in accordance with this Agreement and the customary and usual servicing practices of originators of commercial mortgage loans intended
to be securitized. The Servicing Fee Rate under the Interim Servicing Agreement will be paid monthly based on the outstanding principal
balance of the Notes and calculated on the same basis as interest is accrued on the Mortgage Loan.

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

“Junior Operating
Advisor” shall mean, with respect to the Mortgage Loan, the advisor appointed pursuant to Section 6(a).

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

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

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

“Lead PSA”
shall mean a pooling and servicing agreement, substantially in the form of the Model PSA or the pooling and servicing agreement
of another conduit securitization program, which provides for substantially similar reporting and non-trust noteholder rights as
the Model PSA and subject to Section 2 hereof, to be entered into in connection with the Lead Securitization, by and among (a) the
Person who serves as Trustee from and after the Lead Securitization Date, (b) the Person who serves as Master Servicer from
and after the Lead Securitization Date, (c) the Person which serves as Special Servicer from and after the Lead Securitization
Date, (d) the Person who serves as Operating Advisor from and after the Lead Securitization Date and (e) the Depositor, and
any other additional Persons that may be party to such pooling and servicing agreement; provided it is acknowledged that such agreement
is subject in all respects to changes (i) required by the Code relating to the tax elections of the related Securitization
Trust (ii) required by law or changes in any law, rule or regulation and (iii) requested by the Rating Agencies or any purchaser
of subordinate certificates. The Servicing Standard in the Lead PSA shall require, among other things, that each Servicer, in servicing
the Mortgage Loan, must take into account the interests of each Noteholder (taking into account that the Subordinate Notes are
junior to the A Notes as and to the extent provided herein).

“Lead Securitization”
shall mean (a) if the first Note to be securitized is the Note A-1, such Securitization and (b) if the first Note to be securitized
is not Note A-1, then (i) for the period from the closing date of the Securitization including the first Note to be securitized
until the Securitization of Note A-1, such first in time Securitization and (ii) on and after the Securitization of Note A-1, the
Note A-1 Securitization.

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

    	 	 	 

     

    

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

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

“Major Decisions”
shall mean:

(i)       any
workout or other change to any Mortgage Loan that would result in any modification of, or waiver with respect to, the Mortgage
Loan that would result in the extension of the maturity date or extended maturity date thereof, a reduction in the interest rate
borne thereby or the monthly debt service payment or a deferral or a forgiveness of interest on or principal of the Mortgage Loan
or a modification or waiver of any other monetary term of the Mortgage Loan relating to the amount or timing of any payment of
principal, interest, Prepayment Premiums or any other sums (including reserve requirements but other than the waiver or reduction
of late fees or default interest) due and payable under the Mortgage Loan Documents or a modification or waiver of any material
non-monetary provision of the Mortgage Loan, including but not limited to provisions which restrict the Mortgage Loan Borrower
or its equity owners from incurring additional indebtedness or transferring interests in the Mortgaged Property or the Mortgage
Loan Borrower;

(ii)       any
modification of, or waiver with respect to, the Mortgage Loan that would result in a discounted pay-off of Note B;

(iii)       any
foreclosure upon or comparable conversion (which may include acquisition of a REO Property) of the ownership of the Mortgaged Property
or any acquisition of the Mortgaged Property by deed-in-lieu of foreclosure or any other exercise of remedies following an Event
of Default;

(iv)       any
material direct or indirect sale of all or any material portion of the Mortgaged Property or REO Property;

(v)       any
determination to bring the REO property into compliance with applicable environmental laws or to otherwise address hazardous material
located at the REO Property;

(vi)       any
substitution, release or addition of collateral for the Mortgage Loan other than those required pursuant to the specific terms
of the Mortgage Loan Documents and for which there is no lender discretion;

(vii)       any
release of the Mortgage Loan Borrower or guarantor from liability with respect to the Mortgage Loan including, without limitation,
by acceptance of an assumption of the Mortgage Loan by a successor Mortgage Loan Borrower or replacement guarantor except as expressly
permitted by the Mortgage Loan Documents;

(viii)       any
determination (1) not to enforce a “due-on-sale” or “due–on–encumbrance” clause (unless such
clause is not exercisable under applicable law or such exercise is reasonably likely to result in successful legal action by the
Mortgage Loan Borrower) or (2)

    	 	 	 

     

    

accelerate a Mortgage Loan (other than
automatic accelerations pursuant to the Mortgage Loan Documents);

(ix)       any
transfer of the Mortgaged Property or any portion thereof, or any transfer of any direct or indirect ownership interest in the
Mortgage Loan Borrower, except in each case as expressly permitted by the Mortgage Loan Documents;

(x)       any
incurring of additional debt by the Mortgage Loan Borrower, including the terms of any document evidencing or securing any such
additional debt and of any intercreditor or subordination agreement executed in connection therewith and any waiver of or amendment
or modification to the terms of any such document or agreement or incurring of mezzanine financing by any beneficial owner of the
Mortgage Loan Borrower, including the terms of any document evidencing or securing any such mezzanine debt and of any intercreditor
or subordination agreement executed in connection therewith and any waiver of or amendment or modification to the terms of any
such document or agreement (to the extent Lender’s approval is required by the Mortgage Loan Documents);

(xi)       the
waiver or modification of any documentation relating to the Guarantor’s (as defined in the Mortgage Loan Documents) obligations
under the Guaranty (as defined in the Mortgage Loan Documents);

(xii)       the
voting on any plan of reorganization, restructuring or similar plan in the bankruptcy of the Mortgage Loan Borrower unless any
option to purchase the non-Controlling Pari Passu Notes pursuant to Section 12 of this Agreement has expired or been waived under
Section 12 hereunder;

(xiii)       any
determination of an Acceptable Insurance Default with respect to the Mortgaged Property;

(xiv)       the
approval of any Annual Budget (as defined in the Loan Agreement), to the extent Lender shall have such approval under the Loan
Agreement;

(xv)       the
approval of any Major Lease (as defined in the Loan Agreement), to the extent Lender shall have such approval under the Loan Agreement;

(xvi)       the
releases of any escrows or reserve accounts other than those required pursuant to the specific terms of the Mortgage Loan Documents
and for which there is no material lender discretion;

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

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

“Model PSA”
shall mean the Pooling and Servicing Agreement dated and effective
as of September 1, 2019, among Credit Suisse Commercial Mortgage Securities Corp., as

    	 	 	 

     

    

Depositor, Midland Loan Services, a
Division of PNC Bank, National Association, as Master Servicer and as Special Servicer, Wells Fargo Bank, National Association,
as Certificate Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations
Reviewer related to the CSAIL 2019-C17 Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates.

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

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

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

“Monthly
Payment Date” shall have the meaning assigned to the term Payment Date in the Mortgage Loan Documents).

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

“Morningstar”:
Morningstar Credit Ratings, LLC, or any of its successors in interest, assigns, and/or changed entity name or designation resulting
from any acquisition by Morningstar, Inc. or other similar entity of Realpoint LLC.

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

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

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

“Mortgage
Loan Agreement” shall mean the Loan Agreement, dated as of January 3, 2020, between the Mortgage Loan Borrowers, as Borrower,
and the Initial Noteholders, 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 18.

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

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

    	 	 	 

     

    

“Net Note
Rate” shall mean with respect to any Note, the Interest Rate for such Note minus the Servicing Fee Rate applicable to
such Note.

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

“Non-Controlling
Noteholder” shall mean each Noteholder other than the Controlling Noteholder; provided that, if at any time a
Non-Controlling Note (or, at any time a Non-Lead Note is included in a Securitization, the Non-Lead Securitization Subordinate
Class Representative) is held by the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party, no Person shall be entitled
to exercise the rights of such Non-Controlling Noteholder with respect to such Non-Controlling Note.

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

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

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

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

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

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

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

“Non-Lead
Noteholder Representative” shall have the meaning assigned to such term in the definition of “Non-Lead Pari Passu
Noteholder”.

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

“Non-Lead
Pari Passu Noteholder” shall mean each Note A Holder other than the Lead Note, provided that at any time an A
Note that is not the Lead Note is included in a Securitization other than the Lead Securitization, references to the “Non-Lead
Pari Passu

    	 	 	 

     

    

Noteholder” herein shall mean
the Non-Lead Securitization Subordinate Class Representative 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
Noteholder (and the Master Servicer and the Special Servicer) has been given written notice. The Lead Noteholder (or the Master
Servicer or the Special Servicer acting on its behalf) shall not be required at any time to deal with more than one party exercising
the rights of a “Non-Lead Pari Passu Noteholder” herein or under the Servicing Agreement and, to the extent that the
related Non-Lead Securitization Servicing Agreement assigns such rights to more than one party, for purposes of this Agreement,
the Non-Lead Securitization Servicing Agreement shall designate one party to deal with the Lead Noteholder (or the Master Servicer
or the Special Servicer acting on its behalf) and provide written notice of such designation to the Lead Noteholder (and the Master
Servicer and the Special Servicer acting on its behalf) (such party, the “Non-Lead Noteholder Representative”);
provided that, in the absence of such designation and notice, the Lead Noteholder (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-Lead Noteholder Representative with respect to such Non-Controlling Note for all purposes of this Agreement.

Prior to Securitization
of any Non-Lead Pari Passu Note by the Non-Lead Pari Passu Noteholder (including any New Notes), all notices, reports, information
or other deliverables required to be delivered to such Non-Lead Noteholder pursuant to this Agreement or the Servicing Agreement
by the Lead Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) only need to be delivered to each
Non-Lead Noteholder Representative and, when so delivered to each Non-Lead Noteholder Representative, the Lead Noteholder (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 Servicing Agreement. Following Securitization of any Non-Lead Pari Passu Notes by the Non-Lead
Noteholder, all notices, reports, information or other deliverables required to be delivered to such Non-Lead Pari Passu Noteholder
pursuant to this Agreement or the Servicing Agreement by the Lead Noteholder (or the Master Servicer or the Special Servicer acting
on its behalf) shall be delivered to the related Non-Lead Master Servicer and the related 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 the related Non-Lead Master Servicer and the related Non-Lead Special Servicer,
the Lead Noteholder (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 Servicing Agreement.

“Non-Lead
Pari Passu Note” shall mean an A Note other than the Lead Note.

“Non-Lead
Securitization” shall mean any Securitization of an 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 Servicing Agreement” shall mean the servicing agreement for the related Non-Lead Pari Passu Securitization.

    	 	 	 

     

    

“Non-Lead
Securitization Subordinate Class Representative” shall mean the holders of the majority of the class of securities issued
in a Non-Lead Securitization designated as the “controlling class” pursuant to the related Non-Lead Securitization
Servicing Agreement or their duly appointed representative; provided that if 50% or more of the class of securities issued
in any Non-Lead Securitization designated as the “controlling class” or such other class(es) otherwise assigned the
rights to exercise the rights of the “Controlling Noteholder” is held by the Mortgage Loan Borrower or a Mortgage Loan
Borrower Related Party, no Person shall be entitled to exercise the rights of the related Non-Lead Securitization Subordinate Class
Representative.

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

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

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

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

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

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

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

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

“Note”
shall mean any A Note or B Note, as applicable.

“Note A Holder(s)”
shall mean the Noteholder(s) of A Notes.

“Note B Holder”
shall mean the Noteholder of the B Note.

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

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

“Noteholder”
shall mean with respect to any Note, the Initial Noteholder thereof, or any subsequent holder of such Note, together with its successors
and assigns.

    	 	 	 

     

    

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

“Operating
Advisor” shall mean the operating advisor appointed pursuant to the Lead PSA.

“Percentage
Interest” with respect to any Note shall mean a fraction, expressed as a percentage, the numerator of which is the Principal
Balance of such Note and the denominator of which is the sum of the Principal Balances of all 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 a nationally-recognized manager of investment funds investing in debt or equity
interests relating to commercial real estate, (ii) investing through a fund or funds with committed capital of at least $500,000,000
and (iii) not subject to a proceeding relating to the bankruptcy, insolvency, reorganization or relief of debtors.

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

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

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

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

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

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

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

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

(b)  
one or more of the following:

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

    	 	 	 

     

    

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

(iii)           
a Qualified Trustee (or in the case of a CDO, a single purpose bankruptcy remote entity which contemporaneously assigns
or pledges its Note, or a participation interest therein (or any portion thereof) to a Qualified Trustee) in connection with (a)
a securitization of, (b) the creation of collateralized debt obligations (“CDO”) secured by, or (c) a financing
through an “owner trust” of, a Note (any of the foregoing, a “Securitization Vehicle”), provided
that (1) one or more classes of securities issued by such Securitization Vehicle is initially rated at least investment grade by
each of the Rating Agencies which assigned a rating to one or more classes of securities issued in connection with such securitization
(it being understood that with respect to any Rating Agency that assigned such a rating to the securities issued by such Securitization
Vehicle, a Rating Agency Confirmation will not be required in connection with a transfer of such Note to such Securitization Vehicle);
(2) in the case of a Securitization Vehicle that is not a CDO, the special servicer of such Securitization Vehicle has a Required
Special Servicer Rating or is otherwise acceptable to the Rating Agencies rating each Securitization (such entity, an “Approved
Servicer”) and such Approved Servicer is required to service and administer such Note in accordance with servicing arrangements
for the assets held by the Securitization Vehicle which require that such Approved Servicer act in accordance with a servicing
standard notwithstanding any contrary direction or instruction from any other Person; or (3) in the case of a Securitization Vehicle
that is a CDO, the CDO Asset Manager and, if applicable, each Intervening Trust Vehicle that is not administered and managed by
a CDO Asset Manager which is a Qualified Institutional Lender, are each a Qualified Institutional Lender under clauses (i),
(ii), (iii), (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 $500,000,000, in which (A) the applicable Noteholder, (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 entity substantially similar to any of the foregoing, and

    	 	 	 

     

    

(vi)           
in the case of any entity referred to in clause (b)(i), (b)(ii), (b)(iii)(a), (b)(iv)(B) or (b)(v) of this definition, (x)
such entity has at least $200,000,000 in capital/statutory surplus or shareholders’ equity (except with respect to a pension
advisory firm, asset manager or similar fiduciary) and at least $500,000,000 in total assets (in name or under management), and
(y) is regularly engaged in the business of making or owning commercial real estate loans (or interests therein) similar to the
Mortgage Loan (or mezzanine loans with respect thereto) or owning junior CMBS securities or owning or operating commercial real
estate properties; provided 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

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

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

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

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

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

“Rating Agencies”
shall mean any of (a) S&P, (b) Moody’s, (c) Fitch, (d) DBRS, (e) KBRA and (f) Morningstar or, (g) if any of such entities
shall for any reason no longer perform

    	 	 	 

     

    

the functions of a securities rating
agency, any other nationally recognized statistical rating agency reasonably designated by the Depositor or Non-Lead Depositor
to rate the securities issued in connection with the Securitization of any A Note; provided, however, that, at any time during
which any A Note is an asset of one or more Securitizations, “Rating Agencies” or “Rating Agency” shall
mean only those rating agencies that are engaged by the Depositor or Non-Lead Depositor, as applicable, from time to time to rate
the securities issued in connection with the Securitization of such Note.

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

“Recovered
Costs” shall mean any amounts referred to in clauses (d) and/or (e) of the definition of “Defaulted Mortgage Loan
Purchase Price” that, at the time of determination, had been previously paid or reimbursed to any Servicer from sources other
than collections on or in respect of the Mortgage Loan or the Mortgaged Property (including, without limitation, from collections
on or in respect of loans, if any, other than the Mortgage Loan).

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

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

“Relative
Spread” with respect to any Note and any date of determination shall mean the ratio of the Interest Rate of such Note
to the weighted average as of such date of determination (prior to taking into account any payments made on account of principal
as of such date) of the Interest Rates on all the Notes based on their Principal Balances.

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

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

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

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

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

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

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

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

“Securitization”
shall mean one or more sales by the holder of an A Note 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 Lead Note or portion thereof is consummated.

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

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

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

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

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

“Servicing
Agreement” shall mean, with respect to the Mortgage Loan, prior to the Lead Securitization Date, the Interim Servicing
Agreement, and, from and after the Lead Securitization Date, the Lead PSA, together with any amendment, restatement, supplement,
replacement or modification thereto entered into in accordance with the terms hereof or thereof.

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

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

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

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

    	 	 	 

     

    

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

“Subordinate
Note” shall mean the B Note.

“Subordinate
Noteholder” shall mean Noteholder of the B Note.

“Substitute
Servicing Agreement” means a servicing agreement that contains servicing provisions which are the same as or more favorable
to the Non-Lead Noteholders, in substance, to those in the 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 “Servicing Agreement”
shall mean such subsequent servicing agreement; provided, however, that if a Non-Lead Note is in a Securitization, then a Rating
Agency Confirmation for each such Securitization shall have been obtained from each Rating Agency with respect to such subsequent
servicing agreement.

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

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

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

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

“Trustee”
shall mean the trustee appointed pursuant to the Lead PSA.

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

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

    	 	 	 

     

    

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

Section 2.               
Servicing.

(a)   
Each Noteholder acknowledges and agrees that, subject to this Agreement, the Mortgage Loan shall be serviced pursuant to
this Agreement and the Servicing Agreement; provided that the Master Servicer shall not be obligated to advance monthly payments
of principal or interest in respect of the Notes other than the Lead Note (and a Non-Lead Master Servicer may be required to advance
monthly payments of principal and interest on a Non-Lead Pari Passu Note pursuant to the terms of the Non-Lead Securitization Servicing
Agreement) if such principal or interest is not paid by the Mortgage Loan Borrower but shall be obligated to advance delinquent
real estate taxes, insurance premiums and other expenses related to the maintenance of the Mortgaged Property and maintenance and
enforcement of the lien of the Mortgage thereon, subject to the terms of the Servicing Agreement (including a determination of
recoverability thereunder). Each Noteholder acknowledges that each Note A Holder may elect, in its sole discretion, to include
the related Note in a Securitization and agrees that it will reasonably cooperate with such other Noteholder, at such other Noteholder’s
expense, to effect such Securitization. Subject to the terms and conditions of this Agreement, each Noteholder hereby irrevocably
and unconditionally consents to the appointment of the Master Servicer, the Certificate Administrator, the Operating Advisor, the
Asset Representations Reviewer and the Trustee under the Servicing Agreement by the Depositor, and the appointment of the Special
Servicer as the initial Special Servicer under the Servicing Agreement by the Depositor (subject to replacement by the Controlling
Noteholder as provided herein) and agrees to reasonably cooperate with the Master Servicer and the Special Servicer with respect
to the servicing of the Mortgage Loan in accordance with this Agreement and the Servicing Agreement. Each Noteholder hereby appoints
the Master Servicer, the Special Servicer and the Trustee in the Lead Securitization as such Noteholder’s attorney-in-fact
to sign any documents reasonably required with respect to the administration and servicing of the Mortgage Loan on its behalf under
the Servicing Agreement (subject at all times to the rights of the Noteholders set forth herein and in the Servicing Agreement).
In no event shall the Servicing Agreement require any Servicer to enforce the rights of any Noteholder against any other Noteholder
or limit any Servicer in enforcing the rights of one Noteholder against any other Noteholder; however, this statement shall not
be construed to otherwise limit the rights of one Noteholder with respect to any other Noteholder. Each Servicer shall be required
pursuant to the Servicing Agreement to service the Mortgage Loan in accordance with the Servicing Standard, this Agreement, the
terms of the Mortgage Loan Documents, the Servicing Agreement, any intercreditor agreement and applicable law, and shall not take
any action or refrain from taking any action or follow any direction inconsistent with the foregoing.

(b)  
In no event shall any Subordinate Noteholder be entitled to exercise any rights of the “directing holder”, “controlling
or consulting class,” “controlling class representative” or any analogous class or holder under the Servicing
Agreement except to the extent such Subordinate Noteholder is given such rights expressly under the terms of this Agreement or
the Servicing Agreement in its capacity as the Controlling Noteholder, and in no event may any such “directing holder”,
controlling or consulting class or analogous class or holder under the Servicing

    	 	 	 

     

    

Agreement have any of the rights of
the Controlling Noteholder hereunder except during a Control Appraisal Period.

(c)   
The Lead PSA shall, unless otherwise agreed to by the Controlling Noteholder, contain servicing provisions (including the
definition of Servicing Standard) substantially similar in all material respects to the servicing provisions of the Model PSA.
In no event may the Servicing Agreement change the interest allocable to, or the amount of any payments due to, any Subordinate
Noteholder or materially increase any Subordinate Noteholder’s obligations or materially decrease any Subordinate Noteholder’s
rights, remedies or protections hereunder (other than to an immaterial extent) or otherwise adversely affect any Subordinate Noteholder’s
rights hereunder.

(d)  
The Master Servicer shall be the lead master servicer of the Mortgage Loan, and from time to time it (or the Trustee, to
the extent provided in the Lead PSA) (i) shall be required to make Servicing Advances with respect to the Mortgage Loan, subject
to the terms of the Lead PSA and this Agreement, and (ii) may be required to make principal and interest Advances on the Lead Note,
if and to the extent provided in the Lead PSA and this Agreement. The Master Servicer or Trustee shall be required to provide written
notice to the Non-Lead Master Servicer and the Non-Lead Trustee of any principal and interest Advance it has made with respect
to the Lead Note within two (2) Business Days of making such advance. The Master Servicer, the Special Servicer and the Trustee,
as applicable, will be entitled to reimbursement for a Servicing Advance, first from funds on deposit in each of the Collection
Account and the Companion Distribution Account that (in any case) represent amounts received on or in respect of the Mortgage Loan
in the manner provided in the Lead PSA, and then, in the case of Nonrecoverable Servicing Advances, if such funds on deposit in
the Collection Account and Companion Distribution Account are insufficient, from general collections of the Lead Securitization
as provided in the Lead PSA and from general collections of the Non-Lead Securitization as provided below. The Master Servicer,
the Special Servicer and the Trustee, as applicable, will be entitled to reimbursement for Advance Interest Amounts on a Servicing
Advance or a Nonrecoverable Servicing Advance, in the manner and from the sources provided in the Lead PSA, including from general
collections of the Lead Securitization and, in the case of Servicing Advances, from general collections of the Non-Lead Securitization
as provided below. Notwithstanding the foregoing, to the extent the Master Servicer, the Special Servicer or the Trustee, as applicable,
obtains funds from general collections of the Lead Securitization as a reimbursement for a Nonrecoverable Servicing Advance or
any Advance Interest Amounts on a Servicing Advance or a Nonrecoverable Servicing Advance, the Non-Lead Pari Passu Noteholder (including
from general collections or any other amounts from the Non-Lead Securitization Trust) shall be required to, promptly following
notice from the Master Servicer, reimburse the Lead Securitization for its pro rata share of such Nonrecoverable Servicing
Advance or Advance Interest Amounts. If the Master Servicer determines that a proposed principal and interest Advance with respect
to the Lead Note or Servicing Advance with respect to the Mortgage Loan, if made, or any outstanding principal and interest Advance
or Servicing Advance previously made, would be, or is, as applicable, nonrecoverable, the Master Servicer shall provide the Non-Lead
Master Servicer written notice of such determination promptly after such determination was made together with such reports that
the Master Servicer delivered to the Special Servicer or Trustee in connection with notification of its determination of nonrecoverability.

    	 	 	 

     

    

In addition, each
Non-Lead Pari Passu Noteholder (including, but not limited to, the Non-Lead Securitization Trust) shall be required to, promptly
following notice from the Master Servicer or the Special Servicer, pay or reimburse the Lead Securitization for such Non-Lead Pari
Passu Noteholder’s pro rata share of any additional trust fund expenses with respect to the Mortgage Loan or the Mortgaged
Property, any other fees, costs or expenses incurred in connection with the servicing and administration of the Mortgage Loan and
allocable to the Note A Holders pursuant to this Agreement and as to which the Master Servicer, the Special Servicer, the Certificate
Administrator, the Trustee, the Operating Advisor or the Depositor, as applicable, is entitled to be reimbursed pursuant to the
Lead PSA, and any fees, costs or expenses related to obtaining a Rating Agency Confirmation and allocated to the Note A Holders,
in each case to the extent amounts on deposit in the Companion Distribution Account that are allocated to such Non-Lead Pari
Passu Note are insufficient for reimbursement of such amounts (which such reimbursement shall be made, if such Non-Lead Pari Passu
Note has been included in a Non-Lead Securitization, from general collections or any other amounts from such Non-Lead Securitization
Trust). Each Non-Lead Pari Passu Noteholder agrees to indemnify (as and to the same extent the Lead Securitization Trust is required
to indemnify each of the Indemnified Parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the
terms of Servicing Agreement and, in the case of the Lead Securitization Trust, to the extent of any additional trust fund expenses
with respect to the Mortgage Loan) the Indemnified Parties 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 that are allocated
to such Non-Lead Pari Passu Note are insufficient for reimbursement of such amounts. Each Non-Lead Master Servicer will be required
to reimburse each of the applicable Indemnified Parties for the Non-Lead Pari Passu Note’s pro rata share of the insufficiency
out of general funds in the collection account (or equivalent account) established under the Non-Lead Securitization Servicing
Agreement.

The Non-Lead Master
Servicer may be required to make principal and interest Advances on a Non-Lead Pari Passu Note, from time to time, subject to the
terms of the Non-Lead Securitization Servicing Agreement, the Lead PSA 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 principal and
interest Advance to be made on the Lead Note based on the information that they have on hand and in accordance with the Lead PSA.
The Non-Lead Master Servicer and the Non-Lead Special Servicer and the Non-Lead Trustee, as applicable, shall be entitled to make
their own recoverability determination with respect to a principal and interest Advance to be made on a Non-Lead Pari Passu Note
based on the information that they have on hand and in accordance with the Non-Lead PSA. The Master Servicer and the Trustee, as
applicable, and the Non-Lead Master Servicer or the Non-Lead Trustee shall be required to notify each other servicer and trustee
with respect to a Securitization of the amount of its principal and interest Advance within two (2) Business Days of making such
advance. If the Master Servicer, the Special Servicer or the Trustee, as applicable (with respect to the Lead Note) or the Non-Lead
Master Servicer, the Non-Lead Special Servicer or the Non-Lead Trustee, as applicable (with respect to a Non-Lead Pari Passu Note),
determines that a proposed principal and interest Advance, if made, would be non-recoverable or an outstanding principal and interest
Advance is or would be non-recoverable, or if the Master Servicer, the Special Servicer or the Trustee, as applicable, subsequently
determines that a proposed Servicing Advance would be non-recoverable or an outstanding Servicing Advance is or would be non-recoverable,
then the Master Servicer or the Trustee (as provided in the Lead PSA, in the case of a determination of non-recoverability by the

    	 	 	 

     

    

Master Servicer, the Special Servicer
or the Trustee) or the Non-Lead Master Servicer or the Non-Lead Trustee (as provided in the Non-Lead Securitization Servicing Agreement,
in the case of a determination of non-recoverability by the Non-Lead Master Servicer, the Non-Lead Special Servicer or the Non-Lead
Trustee) shall notify the Master Servicer and the Trustee, or the Non-Lead Master Servicer and the Non-Lead Trustee, as the case
may be, within two (2) Business Days of making such determination. Each of the Master Servicer, the Trustee, the Non-Lead Master
Servicer and the Non-Lead Trustee, as applicable, will only be entitled to reimbursement for a principal and interest Advance that
becomes non-recoverable and advance interest thereon first from the Collection Account or the Companion Distribution Account from
amounts allocable to the Mortgage Loan for which such principal and interest Advance was made, and then, if funds are insufficient,
(i) in the case of the Lead Note, from general collections of the Lead Securitization Trust, pursuant to the terms of the Lead
PSA and (ii) in the case of the Non-Lead Pari Passu Note, from general collections of the Non-Lead Securitization Trust, as and
to the extent provided in the Non-Lead PSA.

(e)               
At any time after the Securitization Date that the Lead Note is no longer subject to the provisions of the Servicing Agreement,
the Lead Noteholder shall cause the Mortgage Loan to be serviced in accordance with the servicing provisions set forth in the Servicing
Agreement or a Substitute Servicing Agreement as if such agreement was still in full force and effect with respect to the Mortgage
Loan; provided, however, that the Servicer under the Servicing Agreement shall have no further obligations to advance monthly payments
of principal or interest; provided, further, however, that until a replacement servicing agreement is in place, the actual servicing
of the Mortgage Loan may be performed by any nationally recognized commercial mortgage loan servicer appointed by Lead Noteholder
and the special servicer appointed by the Controlling Noteholder and does not have to be performed by the service providers set
forth under the Servicing Agreement; provided, further, however, that until a replacement servicing agreement has been entered
into, if a Non-Lead Note becomes the subject of an Asset Review pursuant to the related Non-Lead Securitization Servicing Agreement,
the Master Servicer, the Special Servicer, the Trustee and the Custodian shall reasonably cooperate with the Non-Lead Asset Representations
Reviewer in connection with such Asset Review by providing the Non-Lead Asset Representations Reviewer with any documents reasonably
requested by the Non-Lead Asset Representations Reviewer, but only to the extent (x) such documents are in the possession of the
Master Servicer, the Special Servicer, the Trustee or the Custodian, as the case may be, and (y) the Non-Lead Asset Representations
Reviewer has not been able to obtain such documents from the related mortgage loan seller.

(f)               
Notwithstanding anything to the contrary contained in this Agreement, any obligation of the Servicer pursuant to the terms
hereof shall be performed by the Master Servicer or the Special Servicer, as applicable, as set forth in the Servicing Agreement.

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

(i)           
if an event of default under the Servicing Agreement has occurred (A) with respect to the Master Servicer under the Servicing
Agreement that affects a Noteholder or any class of commercial mortgage securities backed by an A Note, and the Master Servicer
is not otherwise terminated under the Servicing Agreement, then the Non-Lead Pari Passu Noteholders shall be entitled to direct
the Trustee to appoint a sub-servicer solely with

    	 	 	 

     

    

respect to the Mortgage Loan (or
if the Mortgage Loan is currently being sub-serviced, to replace the current sub-servicer, but only if such original sub-servicer
is in default under the related sub-servicing agreement); and (B) the appointment (or replacement) of a sub-servicer with respect
to the Mortgage Loan, as contemplated in clause (A) above, will in any event be subject to written confirmation from each Rating
Agency that such appointment would not, in and of itself, cause a downgrade, qualification or withdrawal of the then-current ratings
assigned to the securities issued in connection with any Securitization;

(ii)           
any payments received on the Mortgage Loan shall be paid by the Master Servicer (a) to each of the Noteholders (other than
the Non-Lead Pari Passu Noteholders) on the “master servicer remittance date” under the Servicing Agreement and (b)
to the Non-Lead Pari Passu Noteholders by the earlier of (x) the Master Servicer Remittance Date (as defined in the Lead Securitization
Servicing Agreement) and (y) the Business Day following the “determination date” (or any term substantially similar
thereto) as defined in the 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 (ii)
is at least one (1) Business Day after the scheduled monthly payment date under the Mortgage Loan Agreement;

(iii)           
each Non-Lead Noteholder shall be entitled to receive, and the Master Servicer and the Special Servicer shall provide access
to, any information relating to the Mortgage Loan, the Mortgage Loan Borrower or the Mortgaged Property as such Non-Lead Noteholder
may reasonably request and would be customarily in the possession of, or collected or known by, the Master Servicer or the Special
Servicer of mortgage loans similar to the Mortgage Loan and, in any event, all information that is required to be provided to holders
of the securities issued by the Lead Securitization Trust that includes but is not limited to standard CREFC reports and Asset
Status Reports, provided that if an interest in the requesting Noteholder or its related Note is held by the Mortgage Loan Borrower
or a Mortgage Loan Borrower Related Party, then such requesting Noteholder shall not be entitled to receive the Asset Status Report
or any other information relating to the Special Servicer’s workout strategy or any “excluded information” or
analogous term under the Servicing Agreement;

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

(v)           
the Servicing Agreement may not be amended without the consent of each Non-Lead Noteholder if such amendment would be materially
adverse to such Non-Lead Noteholder or would materially adversely affect the Mortgage Loan or any Non-Lead Noteholder’s rights
with respect thereto or would alter any term that is defined herein by reference to the Servicing Agreement in a manner that is
materially adverse to a Non-Lead Noteholder;

(vi)           
the Special Servicer selected by the Controlling Noteholder shall be named as the Special Servicer for the Mortgage Loan
at the Controlling Noteholder’s election either upon (x) the closing of the Lead Securitization or (y) the Mortgage Loan
becoming

    	 	 	 

     

    

a Specially Serviced Mortgage
Loan under any other Servicing Agreement; provided, however, that such Special Servicer has the Required Special
Servicer Rating of, or otherwise be acceptable to, each of the Rating Agencies rating each Securitization;

(vii)           
any matter affecting the servicing and administration of the Mortgage Loan that requires delivery of a Rating Agency Confirmation
pursuant to the Servicing Agreement shall also require delivery of a Rating Agency Confirmation for each Non-Lead Securitized Note
and the applicable Rating Agencies.

(h)              
Each Non-Lead Pari Passu Noteholder agrees that, if its Non-Lead Pari Passu 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 Pari Passu Noteholder shall be responsible for its pro rata share of any Servicing Advances (and advance
interest thereon) and any additional trust fund expenses, but only to the extent that they relate to servicing and administration
of the Notes and the Mortgaged Property, including without limitation, any unpaid special servicing fees, liquidation fees and
workout fees relating to the Notes, and that in the event that the funds received with respect to the Notes are insufficient to
cover such Servicing Advances or additional trust fund expenses, (A) the Non-Lead Master Servicer will be required to, promptly
following notice from the Master Servicer or the Special Servicer, pay or reimburse the Master Servicer, the Special Servicer,
the Certificate Administrator, the Trustee, or the Lead Securitization Trust, as applicable, out of general funds in the collection
account (or equivalent account) established under the Non-Lead Securitization Servicing Agreement for such Non-Lead Pari Passu
Noteholder’s pro rata share of any such Nonrecoverable Servicing Advances (together with advance interest thereon)
and/or additional trust fund expenses (including compensation due to the Master Servicer and the Special Servicer to the extent
related to the servicing and administration of the Mortgage Loan and the Mortgaged Property), and (B) if the Servicing Agreement
permits the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee to reimburse itself from the Lead
Securitization Trust’s general account for Non-Recoverable Servicing Advances, then the Master Servicer, the Special Servicer,
the Certificate Administrator or the Trustee, as applicable, may do so, and the Non-Lead Master Servicer will be required to, promptly
following notice from the Master Servicer, the Special Servicer or the Trustee, reimburse the Lead Securitization Trust out of
general funds in the collection account (or equivalent account) established under the Non-Lead Securitization Servicing Agreement
for the Non-Lead Pari Passu Noteholder’s pro rata share of any such Nonrecoverable Servicing Advances (together with
advance interest thereon) and/or additional trust fund expenses (including compensation due to the Master Servicer and the Special
Servicer to the extent related to the servicing and administration of the Mortgage Loan and the Mortgaged Property);

(ii)           
each of the Indemnified Parties shall be indemnified (as and to the same extent the Lead Securitization Trust is required
to indemnify each of such Indemnified Parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the
terms of Servicing Agreement and, in the case of the Lead Securitization Trust, to the extent of any additional trust fund expenses
with respect to the Mortgage Loan) by the Non-Lead

    	 	 	 

     

    

Securitization Trust, against
any of the Indemnified Items to the extent of its pro rata share of such Indemnified Items, and to the extent amounts on
deposit in the Companion Distribution Account that are allocated to the Non-Lead Pari Passu Note are insufficient for reimbursement
of such amounts, the Non-Lead Master Servicer will be required to reimburse each of the applicable Indemnified Parties for the
Non-Lead Pari Passu Note’s pro rata share of the insufficiency out of general funds in the collection account (or
equivalent account) established under the Non-Lead Securitization Servicing Agreement;

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

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

(i)    
Each Lead Noteholder shall:

(i)           
give each Non-Lead Pari Passu Noteholder notice of the Securitization of the Lead Note in writing (which may be by email)
not less than three (3) Business Days prior to the applicable pricing date for the Lead Securitization, together with contact information
for each of the parties to the Lead Securitization Servicing Agreement; and

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

    	 	 	 

     

    

(j)    
The Servicing Agreement shall provide that compensating interest payments as defined therein with respect to any A Notes
will be allocated by the Master Servicer between the A Notes, pro rata, in accordance with their respective Principal Balances.
The Master Servicer shall remit any compensating interest payment in respect of any Non-Lead Pari Passu Note to the applicable
Non-Lead Noteholder.

(k)  
In the event any filing is required to be made by any Non-Lead Depositor under the related Non-Lead Securitization Servicing
Agreement in order to comply with the Non-Lead Depositor’s requirements under the Securities Exchange Act of 1934, as amended,
the related Lead Noteholder (including the Depositor and Trustee) shall use commercially reasonable efforts to timely comply with
any such filing.

(l)    
If a Non-Lead 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 such Non-Lead Asset Representations
Reviewer in connection with such Asset Review by providing such Non-Lead Asset Representations Reviewer with any documents reasonably
requested by such Non-Lead Asset Representations Reviewer, but only to the extent that such documents are in the possession of
the Master Servicer, the Special Servicer, the Trustee or the Custodian, as the case may be, and are not in the possession of the
Non-Lead Asset Representations Reviewer (and the Non-Lead Asset Representations Reviewer has informed such party that it has first
requested, and not received, the documents from the master servicer, special servicer and custodian for the applicable Non-Lead
Securitization).

Section 3.               
Subordination of the Subordinate Notes; Payments Prior to a Sequential Pay Event. The Subordinate Notes and the rights
of the Subordinate Noteholders to receive payments of interest, principal and other amounts with respect to such Subordinate Notes
shall at all times be junior, subject and subordinate to the A Notes and the rights of the Note A Holders to receive payments of
interest, principal and other amounts with respect to such A Notes as set forth herein. If no Sequential Pay Event, as determined
by the applicable Servicer, shall have occurred and be continuing, all amounts tendered by the Mortgage Loan Borrower or otherwise
available for payment on or with respect to or in connection with the Mortgage Loan or the Mortgaged Property or amounts realized
as proceeds thereof, whether received in the form of Monthly Payments, the Balloon Payment, Liquidation Proceeds, proceeds under
any guaranty, letter of credit or other collateral or instrument securing the Mortgage Loan or Insurance and Condemnation Proceeds
(other than proceeds, awards or settlements that are required to be applied to the restoration or repair of the Mortgaged Property
or released to the Mortgage Loan Borrower in accordance with the terms of the Mortgage Loan Documents, to the extent permitted
by the REMIC Provisions), but excluding (x) all amounts for required reserves or escrows required by the Mortgage Loan Documents
(to the extent, in accordance with the terms of the Mortgage Loan Documents) to be held as reserves or escrows or received as reimbursements
on account of recoveries in respect of Advances then due and payable or reimbursable to the Servicer under the Servicing Agreement
and (y) all amounts that are then due, payable or reimbursable to any Servicer (excluding master servicing fees, trustee fees,
certificate administrator fees, operating advisor fees and asset representations reviewer fees, all of which shall be payable by
each of the Note A Holders to such parties out of distributions made to them in respect of such A Note, respectively), with respect
to the Mortgage Loan pursuant to the Servicing Agreement (such amounts contemplated

    	 	 	 

     

    

by clauses (x) and (y),
“Withheld Amounts”), shall be distributed by the Master Servicer in the following order of priority without
duplication (and payments shall be made at such times as are set forth in the Servicing Agreement):

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

(b)  
second, to each Note A Holder, pro rata, (based on the Principal Balance) in an amount equal to such A Note’s Percentage
Interest in all principal payments received, including any Insurance and Condemnation Proceeds received, if any, with respect to
such Monthly Payment Date allocated as principal on the Mortgage Loan and payable to the A Noteholders, until their respective
Principal Balances have been reduced to zero;

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

(d)  
fourth, to each Note A Holder, pro rata (based on their respective entitlements) in an amount equal to the product
of (i) the Percentage Interest of such Note multiplied by (ii) the Relative Spread of such Note and (iii) any Prepayment Premium
to the extent paid by the Mortgage Loan Borrower;

(e)   
fifth, if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed the amounts
required to be applied in accordance with the foregoing clauses (a)-(d) and, as a result of a Workout the aggregate Principal Balance
of the A Notes has been reduced, such excess amount shall be paid to each Note A Holder pro rata (based on the Principal
Balances of such Notes) in an aggregate amount up to the reduction, if any, of the Principal Balance of the each A Note as a result
of such Workout, plus interest on such aggregate amount at the related Note A Rate;

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

(g)  
seventh, to each Note B Holder, pro rata (based on the Principal Balances) in an amount equal to such B Note’s
Percentage Interest in all principal payments received, including any Insurance and Condemnation Proceeds received, if any, with
respect to such Monthly Payment Date allocated as principal on the Mortgage Loan and payable to the Noteholders remaining after
giving effect to the allocation in clause (b) above, until their respective Principal Balances have been reduced to zero;

(h)  
eighth, to each Note B Holder, pro rata (based on their respective entitlements) in an amount equal to the product
of (i) the Percentage Interest of such Note

    	 	 	 

     

    

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

(i)    
ninth, to the extent a Note B Holder has made any payments or advances to cure defaults pursuant to Section 11, to each
Note B Holder, pro rata (based on their respective entitlements to reimbursement for cure payments) to reimburse the such
Noteholder for all such cure payments;

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

(k)  
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 (a)-(j), any remaining amount shall be paid pro rata to the Noteholders in accordance
with their respective initial Percentage Interests.

Section 4.               
Payments Following a Sequential Pay Event. Payments of interest and principal shall be made to the Noteholders in
accordance with Section 3 of this Agreement; provided, if a Sequential Pay Event, as determined by the applicable Servicer
and as set forth in the Servicing Agreement, shall have occurred and be continuing, all amounts tendered by the Mortgage Loan Borrower
or otherwise available for payment on or with respect to or in connection with the Mortgage Loan or the Mortgaged Property or amounts
realized as proceeds thereof (including without limitation amounts received by the Master Servicer or Special Servicer pursuant
to the Servicing Agreement as reimbursements on account of recoveries in respect of Advances), whether received in the form of
Monthly Payments, any proceeds from the sale or distribution of any REO Property, the Balloon Payment, Liquidation Proceeds, proceeds
under any guaranty, letter of credit or other collateral or instrument securing the Mortgage Loan or Insurance and Condemnation
Proceeds (other than proceeds, awards or settlements that are required to be applied to the restoration or repair of the Mortgaged
Property or released to the Mortgage Loan Borrower in accordance with the terms of the Mortgage Loan Documents, to the extent permitted
by the REMIC Provisions), but excluding any Withheld Amounts, shall be distributed by the Master Servicer in the following order
of priority without duplication (and payments shall be made at such times as are set forth in the Servicing Agreement):

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

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

(c)   
third, to each Note A Holder, pro rata (based on their respective entitlements) up to the amount of any unreimbursed
out-of-pocket costs and expenses paid by such Note A

    	 	 	 

     

    

Holder including any Recovered Costs
not previously reimbursed by the Mortgage Loan Borrower (or paid or advanced by any Servicer on its behalf and not previously paid
or reimbursed to such Servicer) with respect to the Mortgage Loan pursuant to this Agreement or the Servicing Agreement;

(d)  
fourth, to each Note A Holder, pro rata (based on their respective entitlements) in an amount equal to the product
of (i) the Percentage Interest of such Note multiplied by (ii) the Relative Spread of such Note and (iii) any Prepayment Premium
to the extent paid by the Mortgage Loan Borrower;

(e)   
fifth, if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed the amounts
required to be applied in accordance with the foregoing clauses (a)-(d) and, as a result of a Workout the aggregate Principal Balance
of the A Notes has been reduced, such excess amount shall be paid to each Note A Holder pro rata (based on the Principal
Balances of such Notes) in an aggregate amount up to the reduction, if any, of the Principal Balance of the each A Note as a result
of such Workout, plus interest on such aggregate amount at the related Note A Rate

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

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

(h)  
eighth, to each Note B Holder, pro rata (based on their respective entitlements) in an amount equal to the product
of (i) the Percentage Interest of such Note multiplied by (ii) the Relative Spread of such Note and (iii) any Prepayment Premium
to the extent paid by the Mortgage Loan Borrower;

(i)    
ninth, to the extent a Note B Holder has made any payments or advances to cure defaults pursuant to Section 11, to each
Note B Holder, pro rata (based on their respective entitlements to reimbursement for cure payments) to reimburse the such
Noteholder for all such cure payments;

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

(k)  
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 (a)-(j), any remaining amount shall be paid pro rata to the Noteholders in accordance
with their respective initial Percentage Interests.

    	 	 	 

     

    

Section 5.               
Administration of the Mortgage Loan.

(a)   
Subject to this Agreement (including, without limitation, Section 5(f) below) and the Servicing Agreement and consistent
with the Servicing Standard, the Lead Noteholder (or any Servicer acting on behalf of the Lead Noteholder) shall have the sole
and exclusive authority with respect to the administration of, and exercise of rights and remedies with respect to, the Mortgage
Loan, including, without limitation, the sole authority to modify or waive any of the terms of the Mortgage Loan Documents or consent
to any action or failure to act by the Mortgage Loan Borrower or any other party to the Mortgage Loan Documents, call or waive
any Event of Default, accelerate the Mortgage Loan or institute any foreclosure action or other remedy and no other Noteholder
shall have any voting, consent or other rights whatsoever with respect to the Lead Noteholder’s administration of, or exercise
of its rights and remedies with respect to, the Mortgage Loan except as set forth in this Agreement and the Servicing Agreement
including the rights of a Subordinate Noteholder in its capacity as the Controlling Noteholder to consent to the Major Decisions
set forth in this Agreement. Subject to this Agreement and the Servicing Agreement (including, without limitation, Section 5(f)
below) and consistent with the Servicing Standard, each Non-Lead Noteholder and each Subordinate Noteholder agrees that it shall
have no right to, and hereby presently and irrevocably assigns and conveys to the Lead Noteholder (or any Servicer acting on behalf
of the Lead Noteholder) the rights, if any, that such Non-Lead Noteholder or Subordinate Noteholder, as applicable, has to, (i) call
or cause the Lead Noteholder to call an Event of Default under the Mortgage Loan, or (ii) exercise any remedies with respect
to the Mortgage Loan or the Mortgage Loan Borrower, including, without limitation, filing or causing the Lead Noteholder to file
any bankruptcy petition against the Mortgage Loan Borrower. The Lead Noteholder (or any Servicer acting on behalf of the Lead Noteholder)
shall not have any fiduciary duty to any Non-Lead Noteholder in connection with the administration of the Mortgage Loan (but the
foregoing shall not relieve the Lead Noteholder from the obligation to make any disbursement of funds as set forth herein).

Subject to Section
11 and Section 12 hereof, upon the Mortgage Loan becoming a Defaulted Mortgage Loan, each Non-Lead Noteholder hereby acknowledges
the right and obligation of the Lead Noteholder (or the Special Servicer acting on behalf of the Lead Noteholder) to sell each
Non-Lead Note together with the Lead Note as notes evidencing one whole loan in accordance with the terms of the Servicing Agreement.
In connection with any such sale, the Special Servicer shall be required to sell each Non-Lead Note together with the Lead Note
in the manner set forth in the Servicing Agreement and shall be required to require that all offers be submitted to the Trustee
in writing and be accompanied by a refundable deposit of cash in an amount equal to 5% of the offer amount (subject to a cap of
$2,500,000). Whether any cash offer constitutes a fair price for such Notes shall be determined by the Trustee; provided, that
no offer from an Interested Person shall constitute a fair price unless (i) it is the highest offer received and (ii) at least
two bona fide other offers are received from independent third parties. In determining whether any offer received represents a
fair price for such Notes, the Trustee shall be supplied with and shall rely on the most recent Appraisal or updated Appraisal
conducted in accordance with the Servicing Agreement within the preceding nine (9) month period or, in the absence of any such
Appraisal, on a new Appraisal. The Trustee shall select the Appraiser conducting any such new Appraisal. In determining whether
any such offer constitutes a fair price for such Notes, the Trustee shall instruct the Appraiser to take into account (in addition
to the results of any Appraisal or updated Appraisal that it may have obtained pursuant to the Servicing Agreement), as

    	 	 	 

     

    

applicable, among other factors, the
period and amount of any delinquency on the affected Notes, the occupancy level and physical condition of the related Mortgaged
Property and the state of the local economy. The Trustee may conclusively rely on the opinion of an Independent Appraiser or other
Independent expert in real estate matters retained by the Trustee at the expense of the Noteholders in connection with making such
determination. Notwithstanding the foregoing, the Lead Noteholder (or the Special Servicer acting on behalf of the Lead Noteholder)
shall not be permitted to sell the Non-Lead Notes if the Mortgage Loan become a Defaulted Mortgage Loan without the written consent
of each Non-Lead Noteholder (provided that such consent is not required if such Non-Lead Noteholder is the Mortgage Loan Borrower
or Mortgage Loan Borrower Related Party) unless the Special Servicer has delivered to such Non-Lead Noteholder: (a) at least 15
Business Days’ prior written notice of any decision to attempt to sell the Non-Lead Notes; (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 Non-Lead Noteholder
that are material to the price of the Non-Lead Notes and (d) until the sale is completed, and a reasonable period of time (but
no less time than is afforded to the other offerors and the Controlling Class Representative) prior to the proposed sale date,
all information and other documents being provided to other offerors and all leases or other documents that are approved by the
Special Servicer in connection with the proposed sale; provided, that such Non-Lead Noteholder may waive any of the delivery or
timing requirements set forth in this sentence. Subject to the terms of the Servicing Agreement, each of the Controlling Noteholder,
the Controlling Class Representative, any other Noteholder (or any controlling class representative or directing holder on its
behalf under the Non-Lead Securitization Servicing Agreement) shall be permitted to bid at any sale of the Non-Lead Note unless
such Person is the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party.

In addition, subject
to Section 11 and Section 12 hereof, upon the Mortgage Loan becoming a Defaulted Mortgage Loan, the Special Servicer shall not
sell the B Note, without obtaining the consent of the Note B Holder if the Note B Holder is the Controlling Noteholder.

Each Non-Lead Noteholder
hereby appoints the Lead Noteholder as its agent, and grants to the Lead Noteholder an irrevocable power of attorney coupled with
an interest, and their proxy, for the purpose of soliciting and accepting offers for and consummating the sale its Non-Lead Note.
Each Non-Lead Noteholder further agrees that, upon the request of the Lead Noteholder, such Non-Lead Noteholder shall execute and
deliver to or at the direction of Lead Noteholder such powers of attorney or other instruments as the Lead Noteholder may reasonably
request to better assure and evidence the foregoing appointment and grant, in each case promptly following request, and shall deliver
its original Non-Lead Note endorsed in blank, to or at the direction of the Lead Noteholder in connection with the consummation
of any such sale. For the avoidance of doubt, this paragraph is subject to the consent rights of the Note B Noteholders in the
immediately preceding paragraph.

The authority and
obligation of the Lead Noteholder to sell each Non-Lead Note, and the obligations of each Non-Lead Noteholder to execute and deliver
instruments or deliver its Non-Lead Note upon request of the Lead Noteholder, shall terminate and cease to be of any further force
or effect upon the date, if any, upon which Lead Note is repurchased by the seller of such

    	 	 	 

     

    

Lead Note from the trust fund established
under the Lead Securitization Agreement in connection with a material breach of representation or warranty made by such seller
as mortgage loan seller into such Lead Securitization with respect to Lead Note or material document defect with respect to the
documents delivered by such seller with respect to the Lead Note upon the consummation of the Lead Securitization. The preceding
sentence shall not be construed to grant to any Non-Lead Noteholder the benefit of any representation or warranty made by such
seller or any document delivery obligation imposed on such seller under any mortgage loan purchase and sale agreement, instrument
of transfer or other document or instrument that may be executed or delivered by such seller in connection with the Lead Securitization.

(b)  
The administration of the Mortgage Loan shall be governed by this Agreement and the Servicing Agreement. Each Noteholder
agrees to be bound by the terms of the Servicing Agreement. The Lead Noteholder (or the Servicer on its behalf) shall service the
Mortgage Loan in accordance with the terms of this Agreement, including without limitation, the rights of the Subordinate Noteholders
set forth in Section 5(f) below and consistent with the Servicing Standard. Servicing of the Mortgage Loan shall be carried
out by the Master Servicer and, if the Mortgage Loan is a Specially Serviced Mortgage Loan, by the Special Servicer, in each case
pursuant to the Servicing Agreement and consistent with the Servicing Standard. Notwithstanding anything to the contrary contained
herein, in accordance with the Servicing Agreement, the Lead Noteholder shall cause the Master Servicer and the Special Servicer
to service and administer the Mortgage Loan in accordance with the Servicing Standard, taking into account the interests of each
of the Noteholders as a collective whole (it being understood that the interests of the Note B Holder are subordinate to the interests
of the Note A Holders, subject to the terms and conditions of this Agreement, including without limitation the rights of the Controlling
Noteholder), and any Subordinate Noteholder who is not the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party shall
be deemed a third party beneficiary of such provisions of the Servicing Agreement. The foregoing provisions of this Section 5(b)
shall not limit or modify the rights of the Controlling Noteholder and/or the Junior Operating Advisor to exercise their respective
rights specifically set forth under this Agreement.

(c)   
Notwithstanding anything to the contrary contained herein, but subject to the terms and conditions of the Servicing Agreement
and this Agreement (including, without limitation, Sections 5(f) and 6), if the Lead Noteholder in connection with
a Workout of the Mortgage Loan modifies the terms thereof such that (i) the unpaid principal balance of the Mortgage Loan
is decreased, (ii) the Interest Rate or scheduled amortization payments on such Mortgage Loan are reduced, (iii) payments
of interest or principal on such Mortgage Loan are waived, reduced or deferred or (iv) any other adjustment (other than an
increase in the Interest Rate or increase in scheduled amortization payments) is made to any of the terms of the Mortgage Loan,
all payments to the Note A Holders and Note B Holder pursuant to Section 3 and Section 4, as applicable, shall be made
as though such Workout did not occur, with the payment terms of each Note A remaining the same as they are on the date hereof,
the full economic effect of all waivers, reductions or deferrals of amounts due on the Mortgage Loan attributable to such Workout
shall be borne first, by the Note B Holder (pro rata based on the Principal Balances of their respective Notes) and then,
by the Note A Holders (pro rata based on the Principal Balances of their respective Notes), in that order, in each case
up to the amount otherwise due on such Note(s). Subject to the Servicing Agreement and this Agreement (including without limitation
Sections 5(f) and 6), in the case of any modification or amendment described above, the Lead

    	 	 	 

     

    

Noteholder will have the sole authority
and ability to revise the payment provisions set forth in Section 3 and Section 4 above in a manner that reflects the
subordination of the B Note to the A Notes with respect to the loss that is the result of such amendment or modification, including:
(i) the ability to increase the Percentage Interest of an A Note and to reduce the Percentage Interest of a B Note in a manner
that reflects a loss in principal as a result of such amendment or modification and (ii) the ability to change the Interest
Rate applicable to a Note in order to reflect a reduction in the Interest Rate of the Mortgage Loan but shall not be permitted
to change the order of the clauses set forth in Sections 3 and 4 hereof. Notwithstanding the foregoing, if any Workout, modification
or amendment of the Mortgage Loan extends the original maturity date of the Mortgage Loan, for purposes of this paragraph, the
Balloon Payment will be deemed not to be due on the original maturity date of the Mortgage Loan but will be deemed due on the extended
maturity date of the Mortgage Loan.

(d)  
All rights and obligations of the Lead Noteholder described hereunder may be exercised by the Servicers on behalf of the
Lead Noteholder in accordance with the Servicing Agreement and this Agreement. Each Non-Lead Noteholder shall be provided access
to any website that an investor would be permitted to access in accordance with the procedures set forth in the Servicing Agreement,
it being understood and agreed that each Non-Lead Noteholder is subject to any restrictions on the access to such websites contained
in the Servicing Agreement.

(e)   
If any Note is included as an asset of a REMIC, any provision of this Agreement to the contrary notwithstanding: (i) the
Mortgage Loan shall be administered such that the Notes shall each qualify at all times as (or as interests in) a “qualified
mortgage” within the meaning of Section 860G(a)(3) of the Code, (ii) any real property (and related personal property) acquired
by or on behalf of the Noteholders pursuant to a foreclosure, exercise of a power of sale or delivery of a deed in lieu of foreclosure
of the Mortgage or lien on such property following a default on the Mortgage Loan shall be administered so that the interests of
the Noteholders therein shall at all times qualify as “foreclosure property” within the meaning of Section 860G(a)(8)
of the Code and (iii) no Servicer may modify, waive or amend any provision of the Mortgage Loan, consent to or withhold consent
from any action of the Mortgage Loan Borrower, or exercise or refrain from exercising any powers or rights which the Noteholders
may have under the Mortgage Loan Documents, if any such action would constitute a “significant modification” of the
Mortgage Loan, within the meaning of Section 1.860G-2(b) of the regulations of the United States Department of the Treasury, more
than three months after the earliest startup day of any REMIC which includes the Lead Note (or any portion thereof). The Noteholders
agree that the provisions of this Section 5(e) shall be effected by compliance by the Lead Noteholder or its assignees with this
Agreement or the Servicing Agreement or any other agreement which governs the administration of the Mortgage Loan or the Lead Noteholder’s
interests therein. All costs and expenses of compliance with this Section 5(e), to the extent that such costs and expenses relate
to administration of a REMIC or to any determination respecting the amount, payment or avoidance of any tax under the REMIC Provisions
or the actual payment of any REMIC tax or expense, shall be borne by each Noteholder with respect to the REMIC containing the Note
owned by such Noteholder.

Anything herein or
in the Servicing Agreement to the contrary notwithstanding, in the event that a Note is included in a REMIC and the other Notes
are not, the other Noteholders shall not be required to reimburse such Noteholder that deposited its Note in the REMIC or any other
Person for payment of (i) any taxes imposed on such REMIC, (ii) any costs or expenses

    	 	 	 

     

    

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

(f)   
(i)Subject to clauses (ii) or (iii) below, with respect to any consent, modification, amendment or waiver under or other
action in respect of the Mortgage Loan (whether or not a Servicing Transfer Event has occurred and is continuing) that would constitute
a Major Decision, the Servicer shall provide the Controlling Noteholder (or its Junior Operating Advisor) with at least ten (10)
Business Days (or, in the case of a determination of an Acceptable Insurance Default, 20 days) prior notice requesting consent
to the requested Major Decision. The Servicer shall not take any action with respect to such Major Decision (or make a determination
not to take action with respect to such Major Decision), unless and until the Servicer receives the written consent of the Controlling
Noteholder (or its Junior Operating Advisor) before implementing a decision with respect to such Major Decision.

(ii)       If
the Lead Noteholder (or the Servicer acting on its behalf) has not received a response from the Controlling Noteholder (or its
Junior Operating Advisor) with respect to such Major Decision within five (5) Business Days after delivery of the notice of a Major
Decision, the Lead Noteholder (or the Servicer acting on its behalf) shall deliver an additional copy of the notice of a Major
Decision in all caps bold 14-point font: “THIS IS A SECOND NOTICE. FAILURE TO RESPOND WITHIN FIVE (5) BUSINESS DAYS OF THIS
SECOND NOTICE WILL RESULT IN A LOSS OF YOUR RIGHT TO CONSENT WITH RESPECT TO THIS DECISION.” and if the Controlling Noteholder
(or its Junior Operating Advisor) fails to respond to the Lead Noteholder (or the Servicer acting on its behalf) with respect to
any such proposed action within five (5) Business Days after receipt of such second notice, the Controlling Noteholder (or its
Junior Operating Advisor), as applicable, shall have no further consent rights with respect to the specific action set forth in
such notice. Notwithstanding the foregoing, or if a failure to take any such action at such time would be inconsistent with the
Servicing Standard, the Servicer may take actions with respect to such Mortgaged Property before obtaining the consent of the Controlling
Noteholder (or its Junior Operating Advisor) if the Servicer reasonably determines in accordance with the Servicing Standard that
failure to take such actions prior to such consent would materially and adversely affect the interest of the Noteholders as a collective
whole, and the Servicer has made a reasonable effort to contact the Controlling Noteholder. The foregoing shall not relieve the
Lead Noteholder (or a Servicer acting on its behalf) of its duties to comply with the Servicing Standard.

(iii)       Notwithstanding
the foregoing, the Lead Noteholder (or any Servicer acting on its behalf) shall not follow any advice or consultation provided
by the Controlling Noteholder (or its Junior Operating Advisor) that would require or cause the Lead Noteholder (or any Servicer
acting on its behalf) to violate any applicable law, including the REMIC Provisions, be inconsistent with the Servicing Standard,
require or cause the Lead Noteholder (or any Servicer acting on its behalf) to violate provisions of this Agreement or the Servicing
Agreement, require or cause the Lead Noteholder (or any Servicer acting on its behalf) to violate the terms of the Mortgage Loan,

    	 	 	 

     

    

or materially expand the scope of any
Lead Noteholder’s (or any Servicer acting on its behalf) responsibilities under this Agreement or the Servicing Agreement.

The Servicer shall
be required to provide copies to each Non-Controlling Noteholder of any notice, information and report that is required to be provided
to the Controlling Noteholder pursuant to the Servicing Agreement with respect to any Major Decisions, or the implementation of
any recommended actions outlined in an Asset Status Report, within the same time frame such notice, information and report is required
to be provided to the Controlling Noteholder, and at any time the Controlling Noteholder is the Lead Noteholder, the Servicer shall
be required to consult with each Non-Lead Pari Passu Noteholder on a strictly non-binding basis, to the extent having received
such notices, information and reports, any Non-Lead Pari Passu Noteholder requests consultation with respect to any such Major
Decisions or the implementation of any recommended actions outlined in an Asset Status Report, and consider alternative actions
recommended by such Non-Lead Pari Passu Noteholder; provided that after the expiration of a period of ten (10) Business
Days from the delivery to any Non-Lead Pari Passu Noteholder by the Servicer of written notice of a proposed action, together with
copies of the notice, information and reports, the Servicer shall no longer be obligated to consult with such Non-Lead Pari Passu
Noteholder, whether or not such Non-Lead Pari Passu Noteholder have responded within such ten (10) Business Day period. Notwithstanding
the consultation rights of each Non-Lead Pari Passu Noteholder set forth above, the Servicer may make any Major Decision or take
any action set forth in the Asset Status Report before the expiration of the aforementioned ten (10) Business Day period if such
Servicer determines that immediate action with respect thereto is necessary to protect the interests of the Noteholders.

The Noteholders acknowledge
that the Lead PSA may contain certain provisions that give the Operating Advisor certain non-binding consultation rights with respect
to Major Decisions related to compliance with the Risk Retention Rules applicable to the Lead Securitization.

(g)  
The Subordinate Noteholders, acting unanimously, 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 Servicer’s
receipt of a third party Appraisal that indicates such Control Appraisal Period has occurred (which such Appraisal the Servicer
will be required to deliver to the Subordinate Noteholder within two Business Days of receipt by the Servicer of such third party
Appraisal) together with the Servicer’s, as applicable, calculation of the Appraisal Reduction Amount applicable to each
Subordinate Note): (i) such Subordinate Noteholder shall have delivered Threshold Event Collateral as a supplement to the appraised
value of the Mortgaged Property, in the amount specified in clause (ii) below, to the Servicer, together with documentation acceptable
to the Servicer in accordance with the Servicing Standard to create and perfect a first priority security interest in favor of
the Servicer on behalf of the Lead Noteholder in in such collateral (a) cash collateral for the benefit of, and acceptable to,
the Servicer or (b) an unconditional and irrevocable standby letter of credit with the Lead Noteholder (or after the closing of
the Lead Securitization, the Servicer or such other party as provided under the Servicing Agreement) as the beneficiary, issued
by a bank or other financial institutions the long term unsecured debt obligations of which are rated at least “AA”
by S&P, “A” by Fitch and “Aa2” by Moody’s or the short term obligations of which are rated at
least “A-1+” by S&P, “F-1” by Fitch and “P-1” by Moody’s, in each case ignoring any
of the foregoing

    	 	 	 

     

    

ratings requirements with respect to
any rating agency that is not one of the Rating Agencies (either (a) or (b), the “Threshold Event Collateral”),
and (ii) the Threshold Event Collateral shall be in an amount which, when added to the appraised value of the Mortgaged Property
as determined pursuant to the Servicing Agreement, would cause the applicable Control Appraisal Period not to occur. If the requirements
of this paragraph are satisfied by the Subordinate Noteholder (a “Threshold Event Cure”), no Control Appraisal
Period caused by application of an Appraisal Reduction Amount shall be deemed to have occurred with respect to such Subordinate
Noteholder. If a letter of credit is furnished as Threshold Event Collateral, the Subordinate Noteholders 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 Subordinate Noteholders, 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 Subordinate Noteholders shall be required to replace such
letter of credit with other Threshold Event Collateral within 30 days if the credit ratings of the issuing entity are downgraded
below the required ratings; provided, however, that, if such Threshold Event Collateral is not so replaced, the Servicer shall
draw upon such letter of credit and hold the proceeds thereof as Threshold Event Collateral. The Threshold Event Cure shall continue
until (i) the appraised value of the Mortgaged Property plus the value of the Threshold Event Collateral would not be sufficient
to prevent the applicable Control Appraisal Period from occurring; (ii) the occurrence of a Final Recovery Determination or (iii)
the return of the Threshold Event Collateral pursuant to the following sentence. If the appraised value of the Mortgaged Property,
upon any redetermination thereof, is sufficient to avoid the occurrence of a Control Appraisal Period without taking into consideration
any, or some portion of, Threshold Event Collateral previously delivered by the Subordinate Noteholders, any or such portion of
Threshold Event Collateral held by the Servicer shall promptly be returned to such Subordinate Noteholders (at their sole expense).
Upon a Final Recovery Determination with respect to the Mortgage Loan, such Threshold Event Collateral shall be available to reimburse
each Noteholder for any realized loss pursuant to 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 aggregate Principal Balances of the Notes more senior to such Subordinate
Noteholders, plus accrued and unpaid interest thereon at the applicable Interest Rate and all other Additional Servicing Expenses
reimbursable under this Agreement and under the Servicing Agreement. Any Threshold Event Collateral shall be treated as an “outside
reserve fund” for purposes of the REMIC Provisions and such property (and the right to reimbursement of any amounts with
respect thereto from a REMIC) shall be beneficially owned by the posting Noteholder who shall be taxed on all income with respect
thereto. The entire amount of Threshold Event Collateral, without a haircut or other reduction, shall be considered in determining
the sufficiency of such Threshold Event Collateral to avoid a Control Appraisal Period.

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

(i)    
Notwithstanding anything to the contrary contained herein or in the Servicing Agreement, if at any time the Mortgage Loan
Borrower or a Mortgage Loan Borrower Related Party is a Noteholder (a “Borrower Party Noteholder”), then (i)
such Borrower Party Noteholder

    	 	 	 

     

    

shall not have any rights as a Controlling
Noteholder or a Controlling Class Representative, (ii) such Borrower Party Noteholder shall have no right to appoint or terminate
the Master Servicer or Special Servicer, (iii) such Borrower Party Noteholder shall have no right to consult with or advise the
Master Servicer or Special Servicer, and shall have no right to review and approve or comment on any Asset Status Report and (iv)
in each and every instance where, pursuant to this Agreement or the Servicing Agreement, the Master Servicer or Special Servicer
must take into account the interests of each Noteholder (or words of similar import), such consideration shall be given to the
Borrower Party Noteholder only in its capacity as a holder of the applicable Note.

Section 6.               
Appointment of Junior Operating Advisor.

(a)   
The Controlling Noteholders shall have the right at any time to appoint a controlling noteholder representative to exercise
its rights hereunder (the “Junior Operating Advisor”). The Controlling Noteholders shall have the right in its
sole discretion at any time and from time to time to remove and replace the Junior Operating Advisor. When exercising its various
rights under Section 5 and elsewhere in this Agreement, the Controlling Noteholders may, at their option, in each case,
act through the Junior Operating Advisor. The Junior Operating Advisor 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 Noteholders, any
officer or employee of the Controlling Noteholders, any Affiliate of the Controlling Noteholders or any other unrelated third party.
No such Junior Operating Advisor shall owe any fiduciary duty or other duty to any other Person (other than the Controlling Noteholders).
All actions that are permitted to be taken by the Controlling Noteholders under this Agreement may be taken by the Junior Operating
Advisor acting on behalf of the Controlling Noteholders and other Noteholders (and any Servicer) will accept such actions of the
Junior Operating Advisor as actions of the Controlling Noteholders. The Lead Noteholder (or any Servicer on its behalf) shall not
be required to recognize any Person as a Junior Operating Advisor until the Controlling Noteholders have notified the Lead Noteholder
(and any Servicer) of such appointment and, if the Junior Operating Advisor is not the same Person as the Controlling Noteholders,
the Junior Operating Advisor provides the Lead Noteholder (and any Servicer) with written confirmation of its acceptance of such
appointment, an address, any fax number and any email address for the delivery of notices and other correspondence and a list of
officers or employees of such person with whom the parties to this Agreement may deal (including their names, titles, work addresses,
telephone numbers, any fax numbers and any email addresses). The Controlling Noteholders shall promptly deliver such information
to any Servicer. None of the Servicers, Operating Advisor and Trustee shall be required to recognize any person as a Junior Operating
Advisor until they receive such information from the Controlling Noteholders. The Controlling Noteholders agree to inform each
such Servicer or Trustee of the then-current Junior Operating Advisor.

(b)  
Neither the Junior Operating Advisor nor the Controlling Noteholders will have any liability to any other Noteholder or
any other Person for any action taken, or for refraining from the taking of any action pursuant to this Agreement or the Servicing
Agreement, or for errors in judgment, absent any loss, liability or expense incurred by reason of its willful misfeasance, bad
faith or gross negligence. The Noteholders agree that the Junior Operating Advisor and the Controlling Noteholders may take or
refrain from taking actions that favor the interests of one Noteholder over any other Noteholder, and that the Junior Operating
Advisor may have special relationships and interests that conflict with the interests of a Noteholder and, absent willful

    	 	 	 

     

    

misfeasance, bad faith or gross negligence
on the part of the Junior Operating Advisor or such Controlling Noteholders, as the case may be, agree to take no action against
the Junior Operating Advisor, such Controlling Noteholders or any of their respective officers, directors, employees, principals
or agents as a result of such special relationships or interests, and that neither the Junior Operating Advisor nor such Controlling
Noteholders will be deemed to have been grossly negligent or reckless, or to have acted in bad faith or engaged in willful misfeasance
or to have recklessly disregarded any exercise of its rights by reason of its having acted or refrained from acting solely in the
interests of any Noteholder.

(c)   
If the Lead Noteholder is the Controlling Noteholder, the Subordinate Noteholders acknowledge and agree all of the aforementioned
rights and obligations of the Controlling Noteholders and the Junior Operating Advisor set forth in Section 5(f) and 5(g) and this
Section 6 shall be exercisable by the Lead Noteholder (or the applicable Person specified in the Servicing Agreement) to the
extent set forth in the Servicing Agreement.

Section 7.               
Special Servicer. The Controlling Noteholders (or their Junior Operating Advisor), at their expense (including, without
limitation, the reasonable costs and expenses of counsel to any third parties and costs and expenses of the terminated Special
Servicer), shall have the right, at any time from time to time, to appoint a replacement Special Servicer with respect to the Mortgage
Loan. The Controlling Noteholders (or their Junior Operating Advisor) shall be entitled to terminate the rights and obligations
of the Special Servicer under the Servicing Agreement, with or without cause, upon at least ten (10) Business Days’ prior
written notice to the Special Servicer (provided, however, that the Controlling Noteholders and/or Junior Operating Advisor shall
not be liable for any termination or similar fee in connection with the removal of the Special Servicer in accordance with this
Section 7); such termination not be effective unless and until (A) each Rating Agency delivers a Rating Agency Confirmation (to
the extent any portion of the Mortgage Loan has been securitized); (B) the successor Special Servicer has assumed in writing (from
and after the date such successor Special Servicer becomes the Special Servicer) all of the responsibilities, duties and liabilities
of the Special Servicer under the Servicing Agreement from and after the date it becomes the Special Servicer as they relate to
the Mortgage Loan pursuant to an assumption agreement reasonably satisfactory to the Trustee; and (C) the Trustee shall have received
an opinion of counsel reasonably satisfactory to the Trustee to the effect that (x) the designation of such replacement to serve
as Special Servicer is in compliance with the Servicing Agreement, (y) such replacement will be bound by the terms of the Servicing
Agreement with respect to such Mortgage Loan and (z) subject to customary qualifications and exceptions, the applicable Servicing
Agreement will be enforceable against such replacement in accordance with its terms. The Lead Noteholder shall promptly provide
copies to any terminated Special Servicer of the documents referred to in the preceding sentence. The Lead Noteholder will reasonably
cooperate with the Controlling Noteholders in order to satisfy the foregoing conditions, including the Rating Agency Confirmation.

The Controlling Noteholders
agree and acknowledge that the Lead PSA may contain provisions such that any Special Servicer could be terminated under the Lead
PSA based on a recommendation by the Operating Advisor if (A) the Operating Advisor determines, in its sole discretion exercised
in good faith, that (1) the Special Servicer has failed to comply with the Servicing Standard and (2) a replacement of the Special
Servicer would be in the best interest of the holders of securities issued under the Lead PSA (as a collective whole) and (B) an
affirmative

    	 	 	 

     

    

vote of requisite certificateholders
is obtained. The Controlling Noteholder will retain its right to remove and replace the Special Servicer, but the Controlling Noteholder
may not restore a Special Servicer that has been removed in accordance with the preceding sentence.

Section 8.               
Payment Procedure.

(a)   
The Lead Noteholder (or the Servicer on its behalf), in accordance with the priorities set forth in Section 3 or 4, as applicable,
and subject to the terms of the Servicing Agreement, will deposit or cause to be deposited all payments allocable to the Notes
to the Collection Account or Companion Distribution Account for the Notes established pursuant to the Servicing Agreement. The
Lead Noteholder (or the Servicer on its behalf) shall establish a segregated sub-account for amounts due to the each Noteholder.
The Lead Noteholder (or the Servicer acting on its behalf) shall deposit such amounts to the applicable account within two (2)
Business Days following the Lead Noteholder’s (or the Servicer’s acting on its behalf) receipt of properly identified
and available funds from or on behalf of the Mortgage Loan Borrower.

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

(c)   
If, for any reason, the Lead Noteholder (or the Servicer on its behalf) makes any payment to any other Noteholder before
the Lead Noteholder (or the Servicer on its behalf) has received the corresponding payment (it being understood that the Lead Noteholder
(or the Servicer on its behalf) is under no obligation to do so), and the Lead Noteholder (or the Servicer on its behalf) does
not receive the corresponding payment within three (3) Business Days of its payment to such other Noteholder, then such other Noteholder
will, at the Lead Noteholder’s (or the Servicer’s on its behalf) request, promptly return that payment to the Lead
Noteholder (or the Servicer on its behalf).

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

    	 	 	 

     

    

on its behalf) enforce the obligations
of one Noteholder against another Noteholder. Each Noteholder’s obligations under this Section 8 constitute absolute, unconditional
and continuing obligations.

Section 9.               
Limitation on Liability of the Noteholders. No Noteholder (including any Servicer on a Noteholder’s behalf,
but only to the extent that the Servicing Agreement does not impose any other standard upon any Servicer, in which case the Servicing
Agreement shall control) shall have any liability to any other Noteholder except with respect to losses actually suffered due to
the gross negligence, willful misconduct or breach of this Agreement on the part of such Noteholder.

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

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

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

Section 10.           
Bankruptcy. Subject to the provisions of Section 5(f) hereof and the Servicing Standard, each Noteholder hereby covenants
and agrees that only the Lead Noteholder (or the Servicer on its behalf) has the right to institute, file, commence, acquiesce,
petition under

    	 	 	 

     

    

Bankruptcy Code Section 303 or otherwise
or join any Person in any such petition or otherwise invoke or cause any other Person to invoke an Insolvency Proceeding with respect
to or against the Mortgage Loan Borrower or seek to appoint a receiver, liquidator, assignee, trustee, custodian, sequestrator
or other similar official with respect to the Mortgage Loan Borrower or all or any part of its property or assets or ordering the
winding-up or liquidation of the affairs of the Mortgage Loan Borrower. Subject to the provisions of Section 5(f) hereof and the
Servicing Standard, each Noteholder further agrees that only the Lead Noteholder, as a creditor, can make any election, give any
consent, commence any action or file any motion, claim, obligation, notice or application or take any other action in any case
by or against the Mortgage Loan Borrower under the Bankruptcy Code or in any other Insolvency Proceeding. Subject to the provisions
of Section 5(f), the Noteholders hereby appoint the Lead Noteholder as their agent, and grant to the Lead Noteholder an
irrevocable power of attorney coupled with an interest, and their proxy, for the purpose of exercising any and all rights and taking
any and all actions available to the such Noteholders in connection with any case by or against the Mortgage Loan Borrower under
the Bankruptcy Code or in any other Insolvency Proceeding, including, without limitation, the right to file and/or prosecute any
claim, vote to accept or reject a plan, to make any election under Section 1111(b) of the Bankruptcy Code with respect to the Mortgage
Loan, and to file a motion to modify, lift or terminate the automatic stay with respect to the Mortgage Loan. The Noteholders,
hereby agree that, upon the request of the Lead Noteholder but subject to the provisions of Section 5(f), each other Noteholder
shall execute, acknowledge and deliver to the Lead Noteholder all and every such further deeds, conveyances and instruments as
the Lead Noteholder may reasonably request for the better assuring and evidencing of the foregoing appointment and grant. All actions
taken by any Servicer in connection with any Insolvency Proceeding are subject to and must be in accordance with the Servicing
Standard.

Section 11.           
Cure Rights of Subordinate Noteholders.

(a)   
Subject to Section 11(b) below, in the event that the Mortgage Loan Borrower fails to make any payment of principal
or interest on the Mortgage Loan by the end of the applicable grace period (the “Grace Period”) for such payment
permitted under the applicable Mortgage Loan Documents (a “Monetary Default”), the Lead Noteholder shall provide
written notice to each Subordinate Noteholder and the Junior Operating Advisor of such default (the “Monetary Default
Notice”). The Controlling Noteholders, acting unanimously (such permitted electing Subordinate Noteholders, the “Curing
Noteholders”), shall have the right, but not the obligation, to cure such Monetary Default within seven (7) Business
Days after receiving the Monetary Default Notice (the “Cure Period”) and at no other times. The Monetary Default
Notice shall contain a statement that the Curing Noteholders’ failure to cure such Monetary Default within seven (7) Business
Days after receiving such notice will result in the termination of the right to cure such Monetary Default. At the time a payment
is made by the Curing Noteholders to cure a Monetary Default, such Curing Noteholders shall pay or reimburse each Note A Holder
for all unreimbursed Advances (whether or not recoverable with respect to any Note), Advance Interest Amounts, any unpaid fees
to any Servicer and any Additional Servicing Expenses. No Curing Noteholders shall be required, in order to effect a cure hereunder,
to pay any Default Interest or late charges under the Mortgage Loan Documents. So long as a Monetary Default exists for which a
cure payment permitted hereunder is made, such Monetary Default shall not be treated as an Event of Default by the Lead Noteholder
(including for purposes of (i) the definition of “Sequential Pay Event,” (ii) accelerating the Mortgage Loan,
modifying, amending or waiving any provisions

    	 	 	 

     

    

of the Mortgage Loan Documents or commencing
proceedings for foreclosure or the taking of title by deed-in-lieu of foreclosure or other similar legal proceedings with respect
to the Mortgaged Property; or (iii) treating the Mortgage Loan as a Specially Serviced Mortgage Loan); provided that such
limitation shall not prevent the Lead Noteholder from collecting Default Interest or late charges from the Mortgage Loan Borrower
to be applied in accordance with this Agreement. Any amounts advanced by a Noteholder on behalf of the Mortgage Loan Borrower to
effect any cure shall be reimbursable to such Noteholder under Section 3 or Section 4, as applicable.

(b)  
Notwithstanding anything to the contrary contained in Section 11(a), the Subordinate Noteholders’ right (collectively)
to cure under Section 11(a) shall be limited to a combined total of (i) four (4) cures of Monetary Defaults over the term
of the Mortgage Loan, no more than three (3) of which may be consecutive, and (ii) three (3) cures of Non-Monetary Defaults over
the term of the Mortgage Loan. Additional Cure Periods shall only be permitted with the consent of the Lead Noteholder.

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

(d)  
Prior to a Control Appraisal Period, if an Event of Default (other than a Monetary Default) occurs and is continuing under
the Mortgage Loan Documents (a “Non-Monetary Default”), the Lead Noteholder shall provide notice of such Non-Monetary
Default to each Subordinate Noteholder and the Junior Operating Advisor of such Non-Monetary Default (the “Non-Monetary
Default Notice”) and the Curing Noteholder, acting unanimously, shall each have the right, but not the obligation, to
cure such Non-Monetary Default until the later of (a) the expiration date of the cure period afforded to the Mortgage Loan Borrower
under the Mortgage Loan Documents, without regard for the date of receipt by such Curing Noteholders of the Non-Monetary Default
Notice, and (b) the date which is thirty (30) days from the date of receipt by such Curing Noteholders of the Non-Monetary Default
Notice related to such Non-Monetary Default; provided, however, if such Non-Monetary Default is susceptible of cure
but cannot reasonably be cured within such period and if curative action was promptly commenced and is being diligently pursued
by the Curing Noteholders, such Curing Noteholders) shall be given an additional period of time as is reasonably necessary to enable
such Curing Noteholders in the exercise of due diligence to cure such Non-Monetary Default for so long as (i) such Curing Noteholders
diligently and expeditiously proceed to cure such Non-Monetary Default, (ii) such Curing Noteholders make all cure payments that
they are permitted to make in accordance with the terms and provisions of Section 11(a) hereof, (iii) such additional period
of time does not exceed ninety (90) days, (iv) such Non-Monetary Default is not caused by an Insolvency Proceeding or during such
period of time that the Curing Noteholders have to cure a Non-Monetary Default in accordance with this Section 11(d) (the
“Non-Monetary Default Cure Period”), an Insolvency Proceeding does not occur, and (v) during such Non-Monetary
Default Cure Period,

    	 	 	 

     

    

there is no material adverse effect
on the value, use or operation of the Mortgaged Property taken as whole, which cannot be cured by the Curing Noteholders within
five (5) days of such notice of such material adverse effect. The Non-Monetary Default Notice shall contain a statement that the
Subordinate Noteholders’ failure to cure such Non-Monetary Default within the applicable Non-Monetary Default Cure Period
after receiving such notice will result in the termination of the right to cure such Non-Monetary Default. No Curing Noteholder
shall contact the Mortgage Loan Borrower in order to effect any cures under Section 11(a) or this Section 11(d) without
the prior written consent of the Lead Noteholder (or the Servicer on its behalf), such consent not to be unreasonably withheld,
conditioned or delayed.

Section 12.           
Purchase By Subordinate Noteholder(s). Each Note B Holder shall have the right, by written notice to the Note A Holders
(a “Noteholder Purchase Notice”; the sender(s) of such notice, the “Purchasing Noteholder”;
and each recipient of such notice, a “Selling Noteholder”), delivered at any time an Event of Default under
the Mortgage Loan has occurred and is continuing, to purchase, in immediately available funds, the A Notes (each A Note, a “Purchased
Note”), in whole but not in part at the applicable Defaulted Mortgage Loan Purchase Price. If one or more Subordinate
Noteholder(s) elects to send a Noteholder Purchase Notice pursuant to this Section 12, it/they must purchase the applicable
Purchased Note(s). Upon the delivery of the Noteholder Purchase Notice to the Selling Noteholder(s), the Selling Noteholder shall
sell (and the Purchasing Noteholder shall purchase) the Purchased Note(s) at the applicable Defaulted Mortgage Loan Purchase Price,
on a date (the “Defaulted Note Purchase Date”) not less than ten (10) days and not more than 60 (sixty) days
after the date of the Noteholder Purchase Notice, as shall be mutually established by the Purchasing Noteholder and the Selling
Noteholder(s). The Noteholder Purchase Notice shall contain a statement that the Purchasing Noteholder’s failure to purchase
the Purchased Note(s) on a Defaulted Note Purchase Date (other than as a result of any failure to consummate such purchase on the
part of the Selling Noteholder or as a result of the conditions giving rise to such purchase ceasing to exist) will result in the
termination of such right in respect of the Event of Default that caused such purchase right to be exercisable and not in respect
of any other Event of Default. Each Subordinate Noteholder agrees that the sale of any Purchased Notes to it shall comply with
all requirements of the Servicing Agreement and that all costs and expenses related thereto shall be paid by the applicable Purchasing
Noteholder. The Defaulted Mortgage Loan Purchase Price shall be calculated by the Selling Noteholder(s) (or the Servicer on its
or their behalf) three (3) Business Days prior to the Defaulted Note Purchase Date (and such calculation shall be accompanied by
a listing of all amounts included in the Defaulted Mortgage Loan Purchase Price and reasonably detailed back-up documentation explaining
how such price was determined), and shall, absent manifest error, be binding upon the Purchasing Noteholder. Concurrently with
the payment to the Selling Noteholder(s) in immediately available funds of the Defaulted Mortgage Loan Purchase Price, the Selling
Noteholder(s) shall execute at the sole cost and expense of the Purchasing Noteholder in favor of the Purchasing Noteholder assignment
documentation which will assign the Purchased Note(s) and the Mortgage Loan Documents without recourse, representations or warranties
(except each Selling Noteholder will represent and warrant that it had good and marketable title to, was the sole owner and holder
of, and had power and authority to deliver its Note and all of its right, title and interest in and to the Mortgage Loan Documents
free and clear of all liens and encumbrances (other than the interest created by the Note(s) that are not the Purchased Note(s)).
The right of the Note B Holder to the A Notes as set forth above in this Section 12 shall automatically terminate upon a
foreclosure sale, sale by power of sale or delivery of a deed in lieu

    	 	 	 

     

    

of foreclosure with respect to the Mortgaged
Property (and the Lead Noteholder shall give the Subordinate Noteholders ten (10) Business Days’ prior written notice
of its intent with respect to such action). Notwithstanding the foregoing sentence, if title to the Mortgaged Property is transferred
to the Lead Noteholder (or a designee on its behalf), in a manner commonly known as “the borrower turning over the keys”
and not otherwise in connection with a consummation by the Lead Noteholder of a foreclosure sale or sale by power of sale or acceptance
of a deed in lieu of foreclosure, less than ten (10) Business Days after the acceleration of the Mortgage Loan, the Lead Noteholder
shall notify each Subordinate Noteholder of such transfer and the Note B Holder shall have a ten (10) Business Day period
from the date of such notice from the Lead Noteholder to deliver the Noteholder Purchase Notice to the Lead Noteholder, in which
case such Subordinate Noteholder shall be obligated to purchase the Mortgaged Property, in immediately available funds, within
such ten (10) Business Day period at the applicable Defaulted Mortgage Loan Purchase Price.

Section 13.           
Representations of each Subordinate Noteholder. Each Subordinate Noteholder represents, solely as to itself and its
Subordinate Note, and it is specifically understood and agreed, that it is acquiring such Note for its own account in the ordinary
course of its business and none of the other Noteholders shall have any liability or responsibility to such Subordinate Noteholder
except (i) as expressly provided herein or (ii) for actions that are taken or omitted to be taken by such other Noteholder that
constitute gross negligence or willful misconduct or that constitute a breach of this Agreement. Each Subordinate Noteholder represents
and warrants solely as to itself that the execution, delivery and performance of this Agreement is within its corporate powers,
has been duly authorized by all necessary corporate action, and does not contravene its charter or any law or contractual restriction
binding upon such Subordinate Noteholder, and that this Agreement is the legal, valid and binding obligation of such Subordinate
Noteholder enforceable against such Subordinate Noteholder in accordance with its terms, except as such enforcement may be limited
by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights
generally, and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity
or at law), and except that the enforcement of rights with respect to indemnification and contribution obligations may be limited
by applicable law. Each Subordinate Noteholder represents and warrants solely as to itself that it is duly organized, validly existing,
in good standing and possesses of all licenses and authorizations necessary to perform its obligations hereunder. Each Subordinate
Noteholder represents and warrants as to itself that (a) this Agreement has been duly executed and delivered by such Subordinate
Noteholder, (b) to such Subordinate Noteholder’s actual knowledge, all consents, approvals, authorizations, orders or filings
of or with any court or governmental agency or body, if any, required for the execution, delivery and performance of this Agreement
by such Subordinate Noteholder have been obtained or made and (c) to such Subordinate Noteholder’s actual knowledge, there
is no pending action, suit or proceeding, arbitration or governmental investigation against such Subordinate Noteholder, an adverse
outcome of which would materially and adversely affect its performance under this Agreement.

Each Subordinate Noteholder
acknowledges that no other Noteholder owes such Subordinate Noteholder any fiduciary duty with respect to any action taken under
the Mortgage Loan Documents and, except as provided herein, need not consult with such Subordinate Noteholder with respect to any
action taken by such other Noteholder, as applicable, in connection with the Mortgage Loan.

    	 	 	 

     

    

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

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

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

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

    	 	 	 

     

    

Section 16.           
No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken
pursuant hereto shall be deemed to constitute the relationship created hereby between or among any of the Noteholders as a partnership,
association, joint venture or other entity. None of the Noteholders shall have any obligation whatsoever to offer to any other
Noteholder the opportunity to purchase a Note interest in any future loans originated by such Noteholder or its Affiliates, and
if such Noteholder chooses to offer to any other Noteholder the opportunity to purchase a Note interest in any future mortgage
loans originated by the such Noteholder or their respective Affiliates, such offer shall be at such purchase price and interest
rate as the offering Noteholder chooses, in its sole and absolute discretion. No Noteholder shall have any obligation whatsoever
to purchase from any other Noteholder an interest in any future loans originated by such Noteholder or their respective Affiliates.

Section 17.           
Not a Security. No Subordinate Note shall be deemed to be a security within the meaning of the Securities Act of
1933 or the Securities Exchange Act of 1934.

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

Section 19.           
Sale of the Notes.

(a)   
Each Subordinate Noteholder agrees that it will not Transfer all or any portion of its Note except in accordance with this
Section 19. Each Subordinate Noteholder shall have the right, without the need to obtain the consent of any other Noteholder
or any other Person, to Transfer 49% or less (in the aggregate) of its interest in its Note to any Person, provided that any such
Transfer shall be made in accordance with the terms of this Section 19. Each Subordinate Noteholder shall have the
right to Transfer its entire Note or any portion thereof exceeding 49%, (i) to a Qualified Institutional Lender, provided, that
promptly after the Transfer each Note A Holder is provided with (x) a representation from a transferee or such Subordinate Noteholder
certifying that such transferee is a Qualified Institutional Lender, and (y) a copy of the assignment and assumption agreement
referred to in Section 20 and provided further, that such transfer would not cause such Note to be held by more than five
persons nor cause there to be no one person owning a majority of such Note and (ii) to an entity that is not a Qualified Institutional
Lender, provided that with respect to this clause (ii), such Subordinate Noteholder obtains (1) prior to the Lead Securitization
Date, the consent of the Lead Noteholder and each other Note A Holder, each such consent not to be unreasonably withheld, conditioned
or delayed, and (2) after the Lead Securitization Date, Rating Agency Confirmation (and for avoidance of doubt, no consent of the
Lead Noteholder or other Note A Holder shall be required after the closing of the Lead

    	 	 	 

     

    

Securitization); provided that
in each of case (1) and (2), (x) promptly after the Transfer each Note A Holder is provided with a copy of the assignment and assumption
agreement referred to in Section 20 and (y) such transfer would not cause the subject Note to be held by more than five
persons; and provided further, however, that if such transfer would cause there to be no one person owning a majority of
the subject Note, then such transfer will not be permitted unless persons owning a majority of the subject Note designate one of
such persons to act on behalf of such persons owning such majority. If the subject Note is held by more than one Noteholder at
any time, the holder or holders of more than 50% by Principal Balance of the B Note shall immediately appoint a representative
to exercise all rights of such Subordinate Noteholder hereunder. Notwithstanding the foregoing, without the Lead Noteholder’s
prior consent, which may be withheld in the Lead Noteholder’s sole and absolute discretion, no Subordinate Noteholder shall
Transfer all or any portion of its 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. Each Subordinate Noteholder agrees it will
pay the expenses of the Lead Noteholder (including all expenses of the Master Servicer and the Special Servicer) and the Non-Lead
Noteholders (including all expenses of the related Non-Lead Master Servicer and the related Non-Lead Special Servicer) in connection
with any such Transfer.

(b)  
All Transfers under Section 19(a) shall be made upon written notice to the Note A Holders not later than the date
of such Transfer, and each transferee shall (i) execute an assignment and assumption agreement whereby such transferee assumes
all or a ratable portion, as the case may be, of the obligations of the applicable Subordinate Noteholder hereunder with respect
to its Note from and after the date of such assignment (or, in the case, of a pledge, collateral assignment or other encumbrance
made in accordance with Section 19(e) by such Subordinate Noteholder of its Note solely as security for a loan to such Subordinate
Noteholder made by a third-party lender whereby such Subordinate Noteholder remains fully liable under this Agreement, on or before
the date on which such third-party lender succeeds to the rights of such Subordinate Noteholder by foreclosure or otherwise, such
third-party lender executes an agreement that such lender shall be bound by the terms and provisions of this Agreement and the
obligations of such Subordinate Noteholder hereunder) and (ii) agree in writing to be bound by the Servicing Agreement, unless
the Servicing Agreement is not then in effect with respect to the Mortgage Loan, in which event the parties will enter into or
agree to be bound by any replacement servicing agreement therefor in accordance with the provisions hereof. Upon the consummation
of a Transfer of all or any portion of a Subordinate Note in accordance with this Agreement, the transferring Person shall be released
from all liability arising under this Agreement with respect to such Subordinate Note (or the portion thereof that was the subject
of such Transfer), for the period after the effective date of such Transfer (it being understood and agreed that the foregoing
release shall not apply in the case of a sale, assignment, transfer or other disposition of a participation interest in the subject
Subordinate Note as described in clause (c) below). In connection with any such permitted transfer of a portion of a Subordinate
Note and for all purposes of this Agreement, each Note A Holder need only recognize the majority holder of such Subordinate Note
for purposes of notices, consents and other communications between such Note A Holders, as applicable, and such majority holder
of the subject Subordinate Note shall be the only Person authorized hereunder to exercise any rights of such Subordinate Noteholder
under this Agreement; provided, however, the majority holder of the subject Subordinate Note may from time to time
designate any other Person as an additional party entitled to receive notices, consents and other communications and/or to exercise
rights on behalf of such Subordinate Noteholder hereunder by delivering written notice

    	 	 	 

     

    

thereof to each Note A Holder, and,
from and after delivery of such notice, such designee shall be so authorized hereunder and shall be the only party entitled to
receive such notices, consents and such other communications and/or to exercise such rights.

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

(d)  
Each of the Note A Holders shall have the right to Transfer all or any portion of its Note without the prior consent of
any other Noteholder (i) with respect to each A Note prior to an Event of Default, to any party other than the Mortgage Loan Borrower
or any Mortgage Loan Borrower Related Party and (ii) after an Event of Default, to any party, including the Mortgage Loan Borrower
and any Mortgage Loan Borrower Related Party; provided, however, that following such Transfer of any A Note, the
Mortgage Loan continues to be serviced in its entirety pursuant to the Servicing Agreement by a Servicer unaffiliated with Mortgage
Loan Borrower.

(e)   
Notwithstanding any other provision hereof, any Noteholder may pledge (a “Pledge”) its Note to any entity
(other than the Mortgage Loan Borrower or any Affiliate thereof) which has extended a credit or repurchase facility to such Noteholder
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 19(e), it being further agreed that a financing provided by a Note Pledgee to a Noteholder or any
person which Controls such Noteholder that is secured by such Noteholder’s interest in the applicable Note and is structured
as a repurchase arrangement, shall qualify as a “Pledge” hereunder, provided that a Note Pledgee which is not
a Qualified Institutional Lender may not take title to the pledged Note without (a) prior to the first Securitization of any Note,
the consent of each other Noteholder and (b) after the closing of the first Securitization of any Note, Rating Agency Confirmation.
Upon written notice by the applicable Noteholder to each other Noteholder and any Servicer that a Pledge has been effected (including
the name and address of the applicable Note Pledgee), each other Noteholder agrees to acknowledge receipt of such notice and thereafter
agrees: (i) to give Note Pledgee written notice of any default by the pledging Noteholder in respect of its obligations under
this Agreement of which default such Noteholder has actual knowledge; (ii) to allow such Note Pledgee a period of ten (10)
Business Days to cure a default by the pledging Noteholder in respect of its obligations to each other Noteholder hereunder, but
such Note Pledgee shall not be obligated to cure any such default; (iii) that no amendment, modification, waiver or termination
of this Agreement shall be effective against such

    	 	 	 

     

    

Note Pledgee without the written consent
of such Note Pledgee, which consent shall not be unreasonably withheld, conditioned or delayed; (iv) that such other Noteholder
shall give to such Note Pledgee copies of any notice of default under this Agreement simultaneously with the giving of same to
the pledging Noteholder and accept any cure thereof by such Note Pledgee which such pledging Noteholder has the right (but not
the obligation) to effect hereunder, as if such cure were made by such pledging Noteholder; (v) that such other Noteholder
shall deliver to Note Pledgee such estoppel certificate(s) as Note Pledgee shall reasonably request, provided that any such
certificate(s) shall be in a form reasonably satisfactory to such other Noteholder; and (vi) that, upon written notice (a
“Redirection Notice”) to each other Noteholder and any Servicer by such Note Pledgee that the pledging Noteholder
is in default, beyond any applicable cure periods, under the pledging Noteholder’s obligations to such Note Pledgee pursuant
to the applicable credit agreement between the pledging Noteholder and such Note Pledgee (which notice need not be joined in or
confirmed by the pledging Noteholder), and until such Redirection Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee
shall be entitled to receive any payments that any Noteholder or Servicer would otherwise be obligated to pay to the pledging Noteholder
from time to time pursuant to this Agreement or any Servicing Agreement. Any pledging Noteholder hereby unconditionally and absolutely
releases each other Noteholder and any Servicer from any liability to the pledging Noteholder on account of any Noteholder’s
or Servicer’s compliance with any Redirection Notice believed by any Servicer or any such other Noteholder to have been delivered
by a Note Pledgee. Note Pledgee shall be permitted to exercise fully its rights and remedies against the pledging Noteholder to
such Note Pledgee (and accept an assignment in lieu of foreclosure as to such collateral), in accordance with applicable law and
this Agreement. In such event, the Noteholders and any Servicer shall recognize such Note Pledgee (and any transferee other than
the Mortgage Loan Borrower or any Affiliate thereof which is also a Qualified Institutional Lender at any foreclosure or similar
sale held by such Note Pledgee or any transfer in lieu of foreclosure), and its successor and assigns, as the successor to the
pledging Noteholder’s rights, remedies and obligations under this Agreement, and any such Note Pledgee or Qualified Institutional
Lender shall assume in writing the obligations of the pledging Noteholder hereunder accruing from and after such Transfer (i.e.,
realization upon the collateral by such Note Pledgee) and agrees to be bound by the terms and provisions of this Agreement. The
rights of a Note Pledgee under this Section 19(e) shall remain effective as to any Noteholder (and any Servicer) unless and
until such Note Pledgee shall have notified any such Noteholder (and any Servicer, as applicable) in writing that its interest
in the pledged Note has terminated.

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

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

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

    	 	 	 

     

    

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

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

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

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

Section 21.           
Registration of the Notes. The Agent shall keep or cause to be kept at the Agent Office books (the “Note
Register”) for the registration and transfer of the Notes. The Agent shall serve as the initial Note registrar and the
Agent hereby accepts such appointment. The names and addresses of the holders of the Notes and the names and addresses of any transferee
of any Note of which the Agent has received notice, in the form of a copy of the assignment and assumption agreement referred to
in Section 20, and the principal amounts (and stated interest) of the Note owing to each such Noteholder, shall be registered in
the Note Register. The Person in whose name a Note is so registered shall be deemed and treated as the sole owner and holder thereof
for all purposes of this Agreement, except in the case of the Initial Noteholders who may hold their Notes through a nominee. Upon
request of a Noteholder, the Agent shall provide such party with the names and addresses of the Noteholders. To the extent another
party is appointed as Agent hereunder, the Noteholders hereby designate such person as its agent under this Section 21 solely
for purposes of maintaining the Note Register. The parties intend for the Notes to be in

    	 	 	 

     

    

registered form for federal income tax
purposes under Section 5f.103-1(c) of the United States Treasury Regulations.

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

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

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

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

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

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

    	 	 	 

     

    

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

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

Section 26.           
Modifications; Amendment. This Agreement shall not be modified, cancelled or terminated except by an instrument in
writing signed by each Noteholder. Additionally, for as long as any Note is contained in a Securitization Trust, the Noteholders
shall not amend or modify this Agreement without first receiving a Rating Agency Confirmation; provided that no such confirmation
from the Rating Agencies shall be required in connection with a modification or amendment (i) to cure any ambiguity, to correct
or supplement any provisions herein that may be defective or inconsistent with any other provisions herein or with the Servicing
Agreement, (ii) entered into pursuant to Section 38 of this Agreement or (iii) to correct or supplement any provision herein
that may be defective or inconsistent with any other provisions of this Agreement.

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

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

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

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

    	 	 	 

     

    

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

Section 32.           
Withholding Taxes.

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

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

(c)   
Contemporaneously with the execution of this Agreement, and from time to time as reasonably requested by the Lead Noteholder
or Servicer during the term of this Agreement, each Subordinate Noteholder shall deliver to the Lead Noteholder or Servicer, as
applicable, evidence satisfactory to the Lead Noteholder substantiating whether such Subordinate Noteholder is a Non-Exempt Person
and whether the Lead Noteholder is obligated under applicable law to withhold Taxes on sums paid to it with respect to the Mortgage
Loan or otherwise under this Agreement, it being acknowledged by the parties hereto that delivery of a certification in the form
attached hereto as Exhibit D shall be satisfactory evidence that such Subordinate Noteholder is not a Non-Exempt Person.
Without limiting the effect of the foregoing, (i) if a Subordinate Noteholder (or, if such Subordinate Noteholder is disregarded
for U.S. federal income tax purposes, the owner of such Subordinate Noteholder) is created or organized under the laws of 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 Noteholder an Internal Revenue Service Form W-9 and (ii) if a Subordinate Noteholder (or, if such Subordinate Noteholder
is disregarded for

    	 	 	 

     

    

U.S. federal income tax purposes, the
owner of such Subordinate Noteholder) is not created or organized under the laws of the United States, any state thereof or the
District of Columbia, and if the payment of interest or other amounts by the Mortgage Loan Borrower is treated for United States
income tax purposes as derived in whole or part from sources within the United States, such Subordinate Noteholder shall satisfy
the requirements of the preceding sentence by furnishing to the Lead Noteholder Internal Revenue Service Form W-8ECI, Form W-8IMY
(with appropriate attachments), Form W-8BEN or Form W-8BEN-E, or applicable successor forms, as may be required from time to time,
duly executed by such Subordinate Noteholder; provided that such Subordinate Noteholder, without request, shall deliver
a new, appropriately completed Form W-8 if the Subordinate Noteholder’s current Form W-8 “expires” or if there
is a “change in circumstances” that makes any of the information on the current Form W-8 incorrect (both within the
meaning of the instructions to such Form W-8). The Lead Noteholder shall not be obligated to make any payment hereunder to any
Subordinate Noteholder in respect of its Note or otherwise until such Subordinate Noteholder shall have furnished to the Lead Noteholder
the requested forms, certificates, statements or documents.

Section 33.           
Custody of Mortgage Loan Documents. The originals of all of the Mortgage Loan Documents (other than the Notes) will
be held by the Lead Noteholder (or a custodian acting on behalf of the Lead Noteholder) who shall act as secured party under the
Mortgage Loan Documents on behalf of the registered holders of the Notes. Notwithstanding anything to the contrary in this Agreement,
upon the Lead Securitization, the originals of all of the Mortgage Loan Documents (other than the Notes) shall be held by the Custodian
(as defined in the Servicing Agreement). Each Note shall be held by the respective Noteholder or a custodian appointed by such
Noteholder.

Section 34.           
Notices. All notices required hereunder shall be given by (i) writing and personally delivered, (ii) sent by facsimile
transmission (during business hours) if a party has provided a facsimile number, (iii) reputable overnight delivery service (charges
prepaid), (iv) sent by electronic mail containing language requesting the recipient to confirm receipt thereof if a party has provided
an electronic mail address and only if such electronic mail is promptly followed by a written notice or (iv) certified United States
mail, postage prepaid return receipt requested, and addressed to the respective parties at their addresses set forth on Exhibit
B hereto, or at such other address as any party shall hereafter inform the other party by written notice given as aforesaid.
All written notices so given shall be deemed effective upon receipt.

All notices and reports
(including, without limitation, Asset Status Reports) required to be delivered hereunder by the Lead Noteholder (or any Servicer
on its behalf) to the Controlling Noteholder (or its Junior Operating Advisor), or by the Controlling Noteholder (or its Junior
Operating Advisor) to the Lead Noteholder (or any Servicer on its behalf), shall also be delivered by the applicable party to each
other Noteholder.

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

    	 	 	 

     

    

Section 36.           
Certain Matters Affecting the Agent.

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

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

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

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

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

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

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

Section 37.           
Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Lead
Noteholder. In the event that the Agent is terminated pursuant to this Section 37, all of its rights and obligations under this
Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination.

The Agent may resign
at any time upon notice, so long as a successor Agent, reasonably satisfactory to the Noteholders, has agreed to be bound by this
Agreement and perform the duties of the Agent hereunder. GRASS RIVER REAL ESTATE CREDIT PARTNERS LOAN FUNDING, LLC, as Initial
Agent, may transfer its rights and obligations to a Servicer, as successor Agent, at any time without the consent of any Noteholder.
GRASS RIVER REAL ESTATE CREDIT PARTNERS LOAN FUNDING, LLC, as Initial Agent, shall promptly and diligently attempt to cause such
Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity, shall promptly and diligently attempt
to cause a similar servicer to act as successor Agent. Notwithstanding the foregoing, the Noteholders hereby agree that, simultaneously
with the closing of the Lead Securitization, the Certificate Administrator shall be deemed to have been automatically appointed
as the successor Agent under this Agreement in place of the Initial Agent or any successor thereto prior to such Securitization
without any further notice or other action.

    	 	 	 

     

    

The termination or resignation of the
Certificate Administrator, as Certificate Administrator under the Servicing Agreement, shall be deemed a termination or resignation
of such Certificate Administrator as Agent under this Agreement.

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

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

Section 40.           
Cooperation in Securitization.

(a)   
Each Noteholder acknowledges that any Note A Holder may elect, in its sole discretion, to include its Note in a Securitization.
In connection with a Securitization of an A Note, at the request of the related Noteholder, each other Noteholder shall use commercially
reasonable efforts, at the requesting Noteholder’s expense, to satisfy, and to cooperate with the requesting Noteholder in
attempting to cause the Mortgage Loan Borrower to satisfy, the market standards to which the requesting Noteholder customarily
adheres or which may be reasonably required in the marketplace or by the Rating Agencies in connection with the Securitization,
including, entering into (or consenting to, as applicable) any modifications to this Agreement or the Mortgage Loan Documents and
to cooperate with the requesting Noteholder in attempting to cause the Mortgage Loan Borrower to execute such modifications to
the Mortgage Loan Documents, in any such case, as may be reasonably requested by the Rating Agencies to effect the Securitization;
provided, however, that either in connection with the Securitization or otherwise at any time prior to the Securitization no other
Noteholder shall be required to modify or amend this Agreement or any Mortgage Loan Documents (or consent to such modification,
as applicable) in connection therewith, if such modification or amendment would (i) change the interest allocable to, or the amount
of any payments due to or priority of any payments to be made to, such Noteholder, (ii) increase such Noteholder’s obligations
or decrease such Noteholder’s rights, remedies or protections hereunder or under any Mortgage Loan Document, or (iii) otherwise
adversely (other than de minimus changes) affect the rights and interests of such Noteholder. In connection with any such Securitization
of an A Note, each other Noteholder agrees to provide for inclusion in any disclosure document relating to the related Securitization
such customary non-confidential information concerning such Noteholder as the requesting Noteholder reasonably determines to be

    	 	 	 

     

    

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

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

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

[SIGNATURE PAGE FOLLOWS]

 

 

    	 	 	 

     

    

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

	 	GRASS RIVER
REAL ESTATE CREDIT PARTNERS LOAN FUNDING, LLC, as Initial 3650 Noteholder and Initial Agent
	 	 
	 	By: 	/s/ Toby Cobb
	 	 	Name: Toby Cobb
Title: Treasurer

 

	 	CANTOR COMMERCIAL REAL ESTATE LENDING, L.P., as Initial CCRE
    Noteholder
	 	 
	 	By: 	/s/ Paul Vanderslice
	 	 	Name: Paul Vanderslice
Title:  Chief Executive Officer

                                                                              CCRE

 

 

SOL
Y LUNA AGREEMENT BETWEEN NOTEHOLDERS

    	 	 	 

     

    

EXHIBIT A

MORTGAGE LOAN SCHEDULE

A.       Description
of Mortgage Loan:

 

	Mortgage Loan:	Loan Agreement, dated as of January 3, 2020  between CANTOR COMMERCIAL REAL ESTATE LENDING, L.P., a Delaware limited partnership, having an address at 110 East 59th Street, 6th Floor, New York, New York  10022 (“Lender”), SOL Y LUNA, DST, a Delaware statutory trust, having its principal place of business at 16B Journey, Suite 200 Aliso Viejo, California 92656 (“Borrower”) and SOL Y LUNA LEASECO, LLC, a Delaware limited liability company, having its principal place of business at 16B Journey, Suite 200 Aliso Viejo, California 92656 (“Master Tenant”)
	Date of the Mortgage Loan and Notes:	January 3, 2020
	Initial Principal Amount of Mortgage Loan:	$143,000,000
	Location of Mortgaged Property:	
        1020 North Tyndall Avenue, Tucson, Arizona 85719

        1027 North Park Avenue, Tucson, Arizona 85719

        1031 North Park Avenue, Tucson, Arizona 85719

	Maturity Date:	January 6, 2030

    	 	 	 

     

    

B.       Description
of Note Interests: Each Note shall have the Initial Principal Balance and initial rate of interest set forth in the table below.

	
        Note
        Designation
	
        Initial

        Interest Rate
	
        Original
        Principal Balance

	Note A-1	 	$20,000,000
	Note A-2	 	$20,000,000
	Note A-3	 	$10,000,000
	Note A-4	 	$25,000,000
	Note A-5	 	$10,000,000
	Note A-6	 	$5,000,000
	Note B	 	$53,000,000

 

 

    	 	 	 

     

    

EXHIBIT B

	1.		Initial 3650 Noteholder:

 

	
        Grass River Real Estate Credit Partners Loan Funding,
        LLC

        2977 McFarlane Road, Suite 300

        Coconut Grove, Florida  33133

        Email: legal@grassriver.com

        Attn.: Legal Dept.

         

        With a Copy to:

	 
	
        Midland Loan Services,

        a Division of PNC Bank, National Association

        P.O. Box 25965

        Shawnee Mission, Kansas 66225-5965

        Attention: Executive Vice President – Division
        Head

         

 

	2.		Initial CCRE Note Holder:

	
        Cantor Commercial Real Estate Lending, L.P.

        110 East 59th Street, 6th Floor

        New York, New York 10022

        Attention: Legal Department

        Facsimile No.: (212) 610-3623

        E-Mail: legal@ccre.com

         

	
        Cadwalader, Wickersham & Taft LLP

        200 Liberty Street

        New York, New York 10281

        Attention: Lisa J. Pauquette, Esq.

        Facsimile No.: (212) 504-6666

        E-Mail: lisa.pauquette@cwt.com

         

 

 

    	 	 	 

     

    

EXHIBIT C

PERMITTED FUND MANAGERS

		1.	Westbrook Partners

		2.	DLJ Real Estate Capital Partners

		3.	iStar Financial Inc.

		4.	Capital Trust, Inc.

		5.	Archon Capital, L.P.

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

		7.	The Blackstone Group International Ltd.

		8.	Apollo Real Estate Advisors

		9.	Colony Capital, Inc.

		10.	Praedium Group

		11.	J.E. Roberts Companies

		12.	Fortress Investment Group, LLC

		13.	Lonestar Opportunity Fund

		14.	Clarion Partners

		15.	Walton Street Capital, LLC

		16.	Starwood Financial Trust

		17.	BlackRock, Inc.

		18.	Rialto Capital Management, LLC

		19.	Raith Capital Partners, LLC

		20.	Rialto Capital Advisors LLC

		21.	Teachers Insurance and Annuity Association of America

		22.	Principal Real Estate Investors, LLC

		23.	Metropolitan Life Insurance Company

		24.	New York Life Insurance Company

 

 

    	 	 	 

     

    

EXHIBIT D

PORTFOLIO INTEREST CERTIFICATION

Reference is hereby made to the Agreement
Between Noteholders, dated as of November , 2019 (as amended, supplemented or otherwise modified from time to time, the “Agreement”),
by and between GRASS RIVER REAL ESTATE CREDIT PARTNERS LOAN FUNDING, LLC and CANTOR COMMERCIAL REAL ESTATE LENDING, L.P. and each
lender from time to time party thereto.

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

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

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

[NAME OF LENDER]

By:______________________________________

Name:

Title:

Date: ________ __, 20[  ]

 

 

    	 	C-1Exhibit 4.10

EXECUTION VERSION

 

  

CO-LENDER AGREEMENT

Dated as of December 2, 2019

by and between

Column
Financial, Inc.

(Initial Note A-1 Holder),

Column
Financial, Inc.

(Initial Note A-2 Holder),

Column
Financial, Inc.

(Initial Note A-3 Holder),

and

Column
Financial, Inc.

(Initial Note B Holder)

______________________________________________________

Commercial Mortgage Loan in the Principal Amount
of $380,000,000

Secured by a Retail Property

University Village Shopping Center – Seattle, Washington

 

 

 

 

    	 	 	Co-Lender Agreement
University Village

    	 

    

 THIS CO-LENDER
AGREEMENT (this “Agreement”) is dated as of December 2, 2019, between Column
Financial, Inc. (“COLUMN”, in its capacity as initial owner of Note A-1, the “Initial Note A-1
Holder”), Column (in its capacity as initial owner of Note A-2, the “Initial
Note A-2 Holder”), COLUMN (in its capacity as initial owner of Note A-3, the “Initial Note A-3 Holder”)
and Column (in its capacity as initial owner of Note B, the “Initial Note B
Holder” and, together with the Initial Note A-1 Holder, the Initial Note A-2 Holder and the Initial Note A-3 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), Column originated a certain loan (the “Mortgage Loan”) described
on the schedule attached as Exhibit A (the “Mortgage Loan Schedule”) to the mortgage loan borrower described
on the Mortgage Loan Schedule (together with its successors and permitted assigns, the “Mortgage Loan Borrower”),
in the original aggregate principal amount of $380,000,000, which is evidenced, inter alia, by the following three promissory
notes, each dated as of December 2, 2019:

(a)     that
certain Promissory Note A-1 evidencing a senior interest in the Mortgage Loan in the original principal amount of $175,000,000
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-1”),

(b)     that
certain Promissory Note A-2 evidencing a senior interest in the Mortgage Loan in the original principal amount of $50,000,000 (as
such may be extended, renewed, replaced, restated or modified from time to time, “Note A-2”),

(c)     that
certain Promissory Note A-3 evidencing a senior interest in the Mortgage Loan in the original principal amount of $25,000,000 (as
such may be extended, renewed, replaced, restated or modified from time to time, “Note A-3”), and

(d)     that
certain Promissory Note B evidencing a junior interest in the Mortgage Loan in the original principal amount of $130,000,000 (as
such may be extended, renewed, replaced, restated or modified from time to time, “Note B” and, together with
Note A-1, Note A-2 and Note A-3, the “Notes”);

WHEREAS, payment of
the Notes is secured by, among other things, a Security Instrument (as defined in the Mortgage Loan Agreement), dated as of December
2, 2019 (as amended, supplemented or modified, the “Mortgage”), encumbering the Mortgage Loan Borrower’s
fee simple interest in one retail property located in Seattle, Washington (together with all improvements and fixtures thereon,
the “Mortgaged Property”);

WHEREAS, with respect
to the Mortgage Loan:

(a)       Column
intends to transfer Note A-1 and Note B to Credit Suisse Commercial Mortgage Securities Corp. (the “Depositor”)
pursuant to a trust loan purchase agreement between Column and the Depositor, and the Depositor intends to transfer Note A-1 and
Note B to Wells Fargo Bank, National Association, as trustee (in such capacity, together with its permitted successors and assigns,
the “Trustee”) for a securitization (the “Lead Securitization”) involving the issuance of
the CSMC Trust 2019-UVIL, Commercial

    	 	  	Co-Lender Agreement
University Village

    	 

    

Mortgage Pass-Through Certificates
pursuant to a trust and servicing agreement, dated as of December 6, 2019 (the “Lead Securitization Servicing Agreement”),
between the Depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as servicer (together with its permitted successors and assigns, the “Master Servicer”), Cohen Financial, a
Division of Truist Bank, as special servicer (together with its permitted successors and assigns, the “Special Servicer”),
Park Bridge Lender Services LLC, as operating advisor (together with its permitted successors and assigns, the “Operating
Advisor”), the Trustee, Wells Fargo Bank, National Association, as certificate administrator (in such capacity, together
with its permitted successors and assigns, the “Certificate Administrator”), and Wells Fargo Bank, National
Association, as custodian and, upon such transfer, the Trustee will become the holder of Note A-1 and Note B;

(b)       the
Initial Note A-2 Holder (or a successor Note A-2 Holder) may contribute Note A-2, whether in its current form or as multiple replacement
promissory notes, into one or more securitization transactions;

(c)       the
Initial Note A-3 Holder (or a successor Note A-3 Holder) may contribute Note A-3, whether in its current form or as multiple replacement
promissory notes, into one or more securitization transactions.

WHEREAS, each Initial
Note Holder desires to memorialize the terms under which they, and their successors and assigns, will hold the Notes.

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

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 meanings ascribed thereto in the
Mortgage Loan Agreement or the Lead Securitization Servicing Agreement. Except as set forth in Section 4 of this Agreement,
to the extent of any inconsistency between terms defined in this Agreement and the Servicing Agreement, the Servicing 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.

“Acceptable
Insurance Default” shall mean (a) prior to the Lead Securitization Date, any Default arising when the Mortgage Loan Documents
require that the Mortgage Loan Borrower maintain all risk casualty insurance or other insurance that covers damages or losses arising
from acts of terrorism and the Special Servicer has determined, in its reasonable judgment in accordance with the Accepted Servicing
Practices, that (i) such insurance is not available at commercially reasonable rates and the subject hazards are not commonly insured
against by prudent owners of similar real properties located in or near the geographic region in which the Mortgaged Property is
located (but only by reference to such insurance that has been obtained by such owners at current market rates) or (ii) such insurance
is not available at any rate, and (b) from and after the Lead Securitization Date, the meaning assigned to such term or any analogous
term in the Servicing Agreement if so assigned, and otherwise, the foregoing clause (a) shall apply. In

    	 	 -2-	Co-Lender Agreement
University Village

    	 

    

making this determination, the Special
Servicer, to the extent consistent with the Accepted Servicing Practices, may rely on the opinion of an insurance consultant.

“Accepted
Servicing Practices” shall mean:

(i)    prior
to the Lead Securitization Date, the obligation of the Servicer to service and administer the Mortgage Loan in accordance with
this Agreement, the Notes and the Mortgage Loan Documents solely in the best interests and for the benefit of the Holders (as a
collective whole), exercising the higher of (x) the same manner in which, and with the same care, skill, prudence and diligence
with which the Servicer services and administers similar mortgage loans for other third party portfolios, and manages and administers
REO Property for other third party portfolios giving due consideration to customary and usual standards of practice of prudent
institutional commercial lenders servicing their own loans and managing REO Properties for their own account and (y) the same care,
skill, prudence and diligence which the Servicer utilizes for loans which the Servicer owns for its own account, in each case,
acting in accordance with applicable law, the terms of this Agreement and the Mortgage Loan Documents and with a view to the maximization
of timely recovery of principal and interest on a net present value basis on the Mortgage Loan, but without regard to:

(A)       any
relationship that the Servicer or any Affiliate of the Servicer may have with the Mortgage Loan Borrower or any Affiliates of the
Mortgage Loan Borrower;

(B)       the
ownership of any interest in the Mortgage Loan or any certificate issued or to be issued in connection with a Securitization by
the Servicer or any Affiliate of the Servicer;

(C)       the
ownership of any junior indebtedness with respect to a Mortgaged Property by the Servicer or any Affiliate of the Servicer;

(D)       the
Servicer’s obligation to make Advances as specified herein or otherwise incur servicing expenses with respect to the Mortgage
Loan;

(E)       the
Servicer’s right to receive compensation for its services hereunder or with respect to any particular transaction;

(F)       the
ownership, or servicing or management for others, by the Servicer or any sub-servicer, of any other mortgage loans or properties;
or

(G)       the
right of the Servicer or any sub-servicer to receive reimbursement of costs; and 

(ii)    from
and after the Lead Securitization Date, the meaning assigned to the term “Accepted Servicing Practices” or “Servicing
Standard” or any analogous term in the Servicing Agreement.

“Action
Notice” shall have the meaning assigned to such term in Section 21(c).

    	 	 -3-	Co-Lender Agreement
University Village

    	 

    

“Additional
Servicing Compensation” shall mean any servicing compensation other than Servicing Fees, Special Servicing Fees, Workout
Fees or Liquidation Fees that any Servicer is entitled to retain under the Servicing Agreement.

“Administrative
Advance” shall have, from and after the Lead Securitization Date, the meaning assigned to such term or any analogous
term in the Servicing Agreement.

“Advance”
shall mean a Property Advance, Administrative Advance or a P&I Advance, as the context requires.

“Advance
Interest Amount” shall mean the amount of interest accrued and unpaid on any Property Advance pursuant to the terms of
the Servicing Agreement.

“Advance
Rate” shall have the meaning ascribed to such term in the Lead Securitization Servicing Agreement.

“Affiliate”
shall mean with respect to any specified Person, (a) any other Person controlling or controlled by or under common control with
such specified Person (each a “Common Control Party”), (b) any other Person owning, directly or indirectly,
ten percent (10%) or more of the beneficial interests in such Person or (c) any other Person in which such Person or a Common Control
Party owns, directly or indirectly, ten percent (10%) or more of the beneficial interests. 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, relation to individuals or otherwise,
and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

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

“A Notes”
shall mean, collectively, Note A-1, Note A-2 and Note A-3.

“Applicable
Interest Rate” shall mean the Note A Interest Rate or the Note B Interest Rate, as the context requires.

“Appraisal”
shall mean an appraisal with respect to the Mortgaged Property conducted in accordance with the standards of the Appraisal Institute
by an Appraiser and certified by such Appraiser as having been prepared in accordance with the requirements of the Standards of
Professional Practice of the Appraisal Institute, the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation
and FIRREA.

“Appraisal
Reduction Amount” shall mean:

(i)    prior
to the Lead Securitization Date, for any Remittance Date as to which an Appraisal Reduction Event has occurred, an amount equal
to the excess, if any, of (a) the sum of (1) the Mortgage Loan Principal Balance as of the immediately preceding Monthly Payment
Date, (2) to the extent not previously advanced by the Servicer or any other Holder as an Advance under Section 9 ,
all accrued and unpaid interest on the Mortgage

    	 	 -4-	Co-Lender Agreement
University Village

    	 

    

Loan at a per annum rate
equal to the Applicable Interest Rate on each of the Notes, (3) all unreimbursed Advances, with interest thereon at the Advance
Rate in respect of the Mortgage Loan, and (4) all currently due and unpaid real estate taxes, ground rents (if applicable) and
assessments and insurance premiums (less any amounts held in escrow for such items) and all other amounts (not including any default
interest, Penalty Charges, Prepayment Premiums, liquidated damage amounts or other similar fees or charges) currently due and unpaid
with respect to the Mortgage Loan (which taxes, premiums and other amounts have not been the subject of an Advance by the Servicer),
over (b) an amount equal to ninety percent (90%) of the appraised value of the Mortgaged Property as determined by
the most recent Updated Appraisal obtained by the Servicer (the cost of which shall be advanced by such Servicer as an Advance),
minus the dollar amount of any liens on the Mortgaged Property that are prior to the lien of the Mortgage (other than the
liens for any items set forth in the immediately preceding clause (a)(4) which have been insured or bonded over by
Qualified Insurers, plus (without duplication of any amounts held in escrow deducted in clause (a)(4) above) the aggregate
of all reserves, letters of credit and escrows held in connection with the Mortgage Loan to the extent that such reserves, letters
of credit and escrows are permitted to be used by the Servicer in reduction of the Mortgage Loan); and

(ii)    from
and after the Lead Securitization Date, the meaning assigned to such term or any analogous term in the Servicing Agreement.

“Appraisal
Reduction Event” shall mean:

(i)    prior
to the Lead Securitization Date, the earliest to occur of any of the following: (a) 60 days after an uncured payment delinquency
(other than a delinquency in respect of the Balloon Payment) occurs in respect of the Mortgage Loan, (b) 90 days after
an uncured delinquency occurs in respect of the Balloon Payment for the Mortgage Loan unless a refinancing is anticipated within
120 days after the Maturity Date of the Mortgage Loan (as evidenced by a written and binding refinancing commitment from an
acceptable lender and reasonably satisfactory in form and substance to the Servicer, and the Controlling Holder, which provides
that such refinancing will occur within 120 days after the Maturity Date), in which case 120 days after such uncured
delinquency, (c) 60 days after a reduction in the Monthly Debt Service Payment Amount or a material adverse economic
change with respect to the terms of the Mortgage Loan has become effective, (d) 60 days after an extension of the Maturity
Date of the Mortgage Loan (except for an extension within the time periods described in clause (b) above), (e) 60
days after a receiver has been appointed in respect of the Mortgaged Property securing the Mortgage Loan on behalf of the Lender
or any other creditor, (f) immediately after the Mortgage Loan Borrower declares, or becomes the subject of, bankruptcy, insolvency
or similar proceeding, admits in writing the inability to pay its debts as they come due or makes an assignment for the benefit
of creditors unless such action is dismissed within 45 days, or (g) immediately after any Collateral securing the Mortgage
Loan becomes an REO Property; and

    	 	 -5-	Co-Lender Agreement
University Village

    	 

    

(ii)    from
and after the Lead Securitization Date, the meaning assigned to such term or any analogous term in the Servicing Agreement.

“Appraiser”
shall mean, with respect to the Mortgaged Property, an independent appraiser that is a member in good standing of the Appraisal
Institute and that is certified or licensed in the state where such Mortgaged Property is located, and who has a minimum of five
(5) years’ experience in the appraisal of comparable properties in the geographic area in which such Mortgaged Property is
located.

“Approved
Bank” shall mean a domestic financial institution which (A) prior to a Securitization, has long term unsecured debt obligations
of which are rated not less than “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 and (B) after a Securitization, has long term long unsecured debt obligations and/or short term obligations which
meet the applicable rating requirements of the Rating Agencies.

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

“Balloon
Payment” shall mean, with respect to the Mortgage Loan, the payment of principal due on its stated maturity date.

“Bankruptcy
Code” shall mean the United States Bankruptcy Code (11 U.S.C. Sec. 101 et seq.), or any similar statute, law,
rules, regulations or similar legal requirements of any other applicable jurisdiction, in each case, as amended from time to time
or any successor statute or rule promulgated thereto.

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

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

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

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

“Closing
Date” shall mean December 19, 2019.

“Code”
shall have the meaning assigned to such term in Section 4(h).

    	 	 -6-	Co-Lender Agreement
University Village

    	 

    

“Collateral”
shall mean the Mortgaged Property, the revenues from the Mortgaged Property, and all other tangible and intangible property in
respect of which the lender is granted a lien under the Mortgage Loan Documents, and all proceeds of the foregoing.

“Collection
Account” shall mean with respect to the Mortgage Loan, an account in which amounts received in respect of the Mortgage
Loan are segregated (by ledger entries or otherwise) and held for the benefit of the Holders.

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

“Common Control
Party” shall have the meaning given to such term in the definition of “Affiliate.”

“Condemnation
Proceeds” shall have the meaning assigned to such term or any one or more analogous terms in the Lead Securitization
Servicing Agreement.

“Control
Appraisal Event” shall be deemed to have occurred with respect to Note B, if and so long as (a) (1) the Initial
Note B Principal Balance, minus (2) the sum of (x) any payments of principal (whether as Prepayments or otherwise) allocated
to, and received on, Note B, (y) any Appraisal Reduction Amounts allocated to Note B in accordance with the terms of
this Agreement, and (z) any Realized Losses with respect to the Mortgage Loan to the extent allocated to Note B, is less than
(b) twenty-five percent (25%) of the Initial Note B Principal Balance.

“Controlling
Class Representative” shall have the meaning given such term in the Lead Securitization Servicing Agreement.

“Controlling
Holder” shall mean, as of any date of determination:

(i)       prior
to the Lead Securitization Date,

(x)       the
Note B Holder, unless (x) a Control Appraisal Event has occurred and is continuing with respect to Note B, or
(y) Note B is held by the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party, or

(y)       the
Lead Note Holder, if a Control Appraisal Event has occurred and is continuing with respect to Note B, or if Note B is held
by the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party; provided that:

(1)       if
a Control Appraisal Event occurs, then for the purposes of determining whether the Control Appraisal Event is continuing, the outstanding
Principal Balance of Note B shall be adjusted (up or down, as applicable) to reflect the then-current Appraisal Reduction Amount,
if any, indicated by any subsequently obtained Appraisal(s);

    	 	 -7-	Co-Lender Agreement
University Village

    	 

    

(2)       in
the event that the Note held by the Controlling Holder pursuant to this definition is held by more than one Person, (1) the Holder(s)
of at least a 51% interest therein may act as the Controlling Holder hereunder and (2) any ownership interest held by the Mortgage
Loan Borrower or a Mortgage Loan Borrower Related Party shall be deemed to equal zero for the purposes of determining which owners
can exercise the rights of the Controlling Holder hereunder;

(3)       the
Controlling Holder shall be entitled to appoint any Person to act on its behalf in exercising the rights of the Controlling Holder
hereunder and under the Servicing Agreement provided that such appointment is communicated in writing to the Lead Note Holder
and any Servicer acting on its behalf. Such designation shall remain in effect until it is revoked by the Controlling Holder by
a writing delivered to the parties hereto; and

(ii)    from and
after the Lead Securitization Date, the “Directing Holder” designated under the terms of the Lead Securitization Servicing
Agreement.

“Corrected
Mortgage Loan” shall mean:

(i)    prior
to the Lead Securitization Date, the meaning assigned in the definition herein of “Specially Serviced Mortgage Loan”,
and

(ii)    from
and after the Lead Securitization Date, the meaning assigned to such term or any analogous term in the Lead Securitization Servicing
Agreement.

“Costs”
shall mean all out-of-pocket costs, fees, expenses, Advances, interest, payments, losses, liabilities, judgments and/or causes
of action reasonably suffered or incurred or reasonably paid by a Holder (or any Servicer or other party (including a securitization
trustee) acting on behalf of such Holder) pursuant to or in connection with the enforcement and administration of the Mortgage
Loan, the Mortgage Loan Documents (not including any Servicing Fees, Special Servicing Fees, Workout Fees, Liquidation Fees or
Additional Servicing Compensation), the Mortgaged Property, this Agreement, including, without limitation, attorneys’ fees
and disbursements, taxes, assessments, insurance premiums and other protective advances, except for those resulting from the gross
negligence or willful misconduct of such Holder (or any Servicer or other party (including a securitization trustee) acting on
behalf of such Holder)); provided, however, that none of the following shall be included or deemed to be “Costs”:
(i) the costs and expenses relating to the origination or securitization of any Note, including the payment of any securitization
trustee fee, (ii) the day-to-day customary and usual, ordinary costs of servicing and administering the Mortgage Loan, (iii)
insofar as any Note is an asset of a Securitization Trust and as such to the extent the following amounts are allocable to such
Note under the terms of the related Securitization documents: (a) any fees, costs or expenses related to the reporting and compliance
with the REMIC Provisions or any provisions of the Code relating to the creation or administration of a grantor trust relating
to a Securitization Trust, including the

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determination related to the amount,
payment or avoidance of any REMIC or grantor trust tax on a Securitization Trust or its assets or transactions, (b) any fees, costs
or expenses incurred in connection with any audit or any review of the related Securitization Trust or its assets or transactions
by the Internal Revenue Service or other governmental authority, (c) any REMIC or grantor trust
taxes imposed on the related Securitization Trust or its assets or transactions, or (d) any advance made by a party to related
Securitization in respect of a delinquent payment of the Monthly Debt Service Payment Amount on such Note or any interest accrued
on such advance.

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

“Default”
shall mean a “Default” as defined in the Mortgage Loan Agreement.

“Defaulted
Mortgage Loan Purchase Price” shall mean the sum of the following, without duplication, the sum of (i) the Note A Principal
Balance and the Note B Principal Balance (each as of the date of purchase), (ii) accrued and unpaid interest on the Note A Principal
Balance at the Note A Interest Rate and the Note B Principal Balance at the Note B Interest Rate, up to (but excluding) the date
of purchase and if such date of purchase is not a Monthly Payment Date, up to (but excluding) the Monthly Payment Date next succeeding
the date of purchase, provided that payment is made in good funds by 3:00 p.m. New York local time, (iii) any Property Advances
and Administrative Advances that have not been reimbursed from collections on the Mortgage Loan and the related Advance Interest
Amount, (iv) any interest accrued on any P&I Advance made on any A Note or B Note by a party to the Lead Securitization Servicing
Agreement or a Non-Lead Servicing Agreement at the rate specified in the related servicing agreement; (v) any accrued and unpaid
Servicing Fees, Special Servicing Fees, Workout Fees, Liquidation Fees and Additional Servicing Compensation, and (vi) any unreimbursed
Costs incurred by any Note A Holder or B Note Holder or any party acting on such Holder’s behalf (which are not included
in the preceding clauses of this paragraph).

Subject
to the terms of Section 20(h) of this Agreement, the Defaulted Mortgage Loan Purchase Price, in the context of the initial
offer for sale of REO Property or a Specially Serviced Mortgage Loan (to a party other than the Note B Holder) pursuant to the
terms of Section 20(g) of this Agreement, shall, in addition to the amounts specified in the preceding paragraph, include
the sum of (i) the Note B Principal Balance (as of the date of purchase), (ii) the accrued and unpaid interest on the Note B Principal
Balance at the Note B Interest Rate, up to (but excluding) the date of purchase and if such date of purchase is not a Monthly Payment
Date, up to (but excluding) the Monthly Payment Date next succeeding the date of purchase, provided that payment is made
in good funds by 3:00 p.m. New York local time, (iii) any unreimbursed Property Advances made by the Note B Holder and the
related Advance Interest Amount, and (iv) any unreimbursed Costs incurred by the Note B Holder
or any party acting on its behalf (which are not included in the preceding paragraph or the preceding clauses in this paragraph).

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

“Directing
Holder” shall have the meaning set forth in Section 21(a).

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“Eligibility
Requirements” shall mean, with respect to any Person, that such Person 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 is regularly engaged in the business of making or owning commercial real estate
loans (or interests therein), mezzanine loans (or interests therein) or commercial loans (or interests therein) similar to the
Mortgage Loan.

“Environmental
Law” shall mean any present or future federal, state or local law, statute, regulation or ordinance, any judicial or
administrative order or judgment thereunder, pertaining to health, industrial hygiene, hazardous substances or the environment,
including, but not limited to, each of the following, as enacted as of the date hereof or as hereafter amended: the Comprehensive
Environmental Response, Compensation and Liability Act of 1980, 42 U.S.C. §§ 9601 et seq.; the Resource Conservation
and Recovery Act of 1976, 42 U.S.C. §§ 6901 et seq.; the Toxic Substance Control Act, 15 U.S.C. §§ 2601
et seq.; the Water Pollution Control Act (also known as the Clean Water Act, 22 U.S.C. §§ 1251 et seq.),
the Clean Air Act, 42 U.S.C. §§ 7401 et seq. and the Hazardous Materials Transportation Act, 49 U.S.C. §§
1801 et seq.

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

“Final Recovery
Determination” shall mean that Lead Note Holder has determined, in accordance with Accepted Servicing Practices, that
substantially all amounts likely to be recovered with respect to the Loan have been recovered.

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

“Holders”
shall mean, collectively, the Note A Holders and the Note B Holder, or, after any such Note has been securitized, any servicer
or trustee acting on its behalf.

“Initial
Holder” shall have the meaning assigned to such term in Section 40(b).

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

“Initial
Note A-1 Holder” shall mean Column.

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

“Initial
Note A-2 Holder” shall mean Column.

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

“Initial
Note A-3 Holder” shall mean Column.

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

“Initial
Note B Holder” shall mean Column.

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

“Insurance
Proceeds” shall have the meaning assigned to such term or any one or more analogous terms in the Lead Securitization
Servicing Agreement.

“Interim
Servicer” shall mean the master servicer (or single servicer) appointed by the Initial Note A-1 Holder under this Agreement
and any successor master servicer (or single servicer) appointed as provided hereunder, which Interim Servicer shall be a Qualified
Servicer. The initial Interim Servicer shall be KeyBank National Association pursuant to the Interim Servicing Agreement.

“Interim
Servicing Agreement” shall mean that certain Interim Servicing Agreement, dated as of September 3, 2002, between Column,
as owner, and the Interim Servicer, as servicer, and any replacement servicing entered into with any successor Interim Servicer
appointed by the Note A-1 Holder.

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

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

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

“Lead Note”
shall mean Note A-1.

“Lead Note
Holder” shall mean the Holder of the Lead Securitization Note or, after the Lead Securitization Date, any Servicer or
the Trustee when acting on such Holder’s behalf.

“Lead Securitization
Note” shall mean the Note or Notes included in the Lead Securitization.

“Lead Securitization
Trust” shall mean the trust established pursuant to the Lead Securitization Servicing Agreement in connection with the
Lead Securitization.

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

“Letter of
Credit” shall mean an irrevocable, unconditional, transferable, clean sight draft letter of credit, as the same may be
replaced, split, substituted, modified, amended, supplemented, assigned or otherwise restated from time to time (either an evergreen
letter of credit or a letter of credit which does not expire until at least two (2) Business Days after the Maturity Date of the
Mortgage Loan) in favor of the Note A Holder and entitling the Lead Note Holder to

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draw thereon, at a domestic location
reasonably acceptable to the Lead Note Holder, based solely on a statement purportedly executed by an officer of the Lead Note
Holder stating that it has the right to draw thereon, and issued by a domestic Approved Bank or the U.S. agency or branch of a
foreign Approved Bank.

“Liquidation
Fee”:

(i)    prior to the Lead
Securitization Date, if the Mortgage Loan or a Mortgaged Property is sold or transferred or otherwise liquidated (or a Specially
Serviced Mortgage Loan is sold or liquidated or a final discounted payoff is made), shall mean a fee payable to the Servicer from
Liquidation Proceeds with respect to such Mortgaged Property if the Servicer receives any Liquidation Proceeds with respect thereto,
equal to 50 basis points (0.50%) multiplied by Liquidation Proceeds (net of any Servicing Fees, Special Servicing Fees and reimbursement
of any Advances or interest thereon payable therefrom and legal fees and expenses, Appraisal fees, brokerage fees, and similar
fees and expenses in connection with the maintenance and preservation of such Mortgaged Property) related to the Mortgage Loan
or such Mortgaged Property; and

(ii)    from and after
the Lead Securitization Date, shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

The Liquidation Fee
shall be payable to the Special Servicer upon receipt of Liquidation Proceeds; provided, however, that the parties
agree that no Liquidation Fee will be payable in connection with, or out of, Liquidation Proceeds resulting from the purchase of
a Mortgaged Property or the A Notes by the Note B Holder pursuant to the provisions of this Agreement or the Lead Securitization
Servicing Agreement within ninety (90) days after a Triggering Event of Default.

“Liquidation
Proceeds”:

(i)    prior
to the Lead Securitization Date, shall mean the amount (other than insurance proceeds or amounts required to be paid to the Mortgage
Loan Borrower or other Persons pursuant to the Mortgage Loan Documents or applicable law) received in connection with the liquidation
of a Mortgaged Property or REO Property through a trustee’s sale, foreclosure sale or otherwise or the sale or other liquidation
of the Mortgage Loan, including a final discounted payoff of the Mortgage Loan, and

(ii)    from
and after the Lead Securitization Date, shall have the meaning assigned to such term in the Servicing Agreement.

“Major Decision”:

(i)    prior to the Lead
Securitization Date shall mean:

(a)       any
proposed or actual foreclosure upon or comparable conversion of the ownership of a Mortgaged Property securing the Mortgage Loan;

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(b)       any
modification, consent to a modification, or waiver of a monetary term (other than late payment charges or default interest) or
material non-monetary term (including, without limitation, the timing of payments and acceptance of discounted payoffs, but excluding
late payment charges or default interest) of the Mortgage Loan or any extension of the Maturity Date of the Mortgage Loan;

(c)       any
sale of the Mortgage Loan or any related REO Property for less than the Defaulted Mortgage Loan Purchase Price;

(d)       any
determination to bring an REO Property into compliance with applicable Environmental Laws or to otherwise address Hazardous Materials
located at an REO Property;

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

(f)       any
waiver of a “due-on-sale” or “due-on-encumbrance” clause or any consent to such waiver or consent to a
transfer of a Mortgaged Property or interests in the Mortgage Loan Borrower or consent to the incurrence of additional debt, other
than any such transfer or incurrence of debt as may be effected without the consent of the lender under the Mortgage Loan Agreement;

(g)       any
property management company changes for which the lender is required to consent or approve under the Mortgage Loan Documents;

(h)       releases
of any escrows, reserve accounts or letters of credit held as performance escrows or reserves other than those required pursuant
to the specific terms of the Mortgage Loan and for which there is no material lender discretion;

(i)       any
acceptance of an assumption agreement releasing the Mortgage Loan Borrower from liability under the Mortgage Loan and for which
there is no lender discretion;

(j)       any
determination of an Acceptable Insurance Default;

(k)       the
determination of the Special Servicer pursuant to clause (b) of the definition of “Specially Serviced Mortgage
Loan”; and

(l)       any
acceleration of the Mortgage Loan following a Default or an Event of Default or any initiation of judicial, bankruptcy or similar
proceedings under the Mortgage Loan Documents; and

(ii)    from and after
the Lead Securitization Date, shall have the meaning assigned to such term (or analogous term) in the Servicing Agreement.

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“Master Servicer”
shall have the meaning set forth in the recitals.

“Maturity
Date” shall have the meaning assigned to such term as set forth in the Mortgage Loan Schedule.

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

“Monthly
Payment Date” shall mean the “Monthly Payment Date” set forth in the Mortgage Loan Agreement.

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

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

“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 the date hereof by and between Column, as lender,
and Mortgage Loan Borrower, as borrower, as the same may be amended, supplemented or modified from time to time.

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

“Mortgage
Loan Borrower Related Parties” shall have the meaning assigned to such term in Section 19.

“Mortgage
Loan Documents” shall mean the Mortgage, the Mortgage Loan Agreement, the Notes and all other documents evidencing or
securing the Mortgage Loan including, without limitation, all guaranties and indemnities, as same may be amended, modified or restated
in accordance with this Agreement.

“Mortgage
Loan Principal Balance” shall mean, at any date of determination, the outstanding principal balance of the Mortgage Loan.

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

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

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

“New Notes”
shall have the meaning assigned to such term in Section 40(b).

“Non-Controlling
Holder” shall mean any Holder that is not the Controlling Holder. In the event that Note A-2 and/or Note A-3 is an asset
of a Securitization, the rights of the Non-Controlling Holder may be exercised by the “directing holder,” “controlling
class representative” or other party designated to exercise such rights pursuant to the terms of the related Securitization
servicing agreement.

“Non-Exempt
Person” means a Person that is neither (i) a U.S. Person or (ii) a Person who 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 such income tax treaty or the Code, permit such Person to receive payments with respect to
the Loan free of any obligation or liability of the payor to withhold amounts from such payment on account of any Excluded Taxes.

“Non-Lead
A Note” shall mean, collectively, Note A-2 and Note A-3.

“Non-Lead
A Note Holders” shall mean, collectively, the Holder or Holders of Note A-2 and Note A-3.

“Non-Lead
Securitization” shall mean, individually or collectively, as the context may require, (i) the sale by the Holder of Note
A-2 of all or a portion of Note A-2 to a depositor that in turn includes such Note as part of a securitization of one or more other
mortgage loans and (ii) the sale by the Holder of Note A-3 of all or a portion of Note A-3 to a depositor that in turn includes
such Note as part of a securitization of one or more other mortgage loans.

“Non-Lead
Securitization Trust” shall mean the trust established pursuant to a Non-Lead Securitization Servicing Agreement in connection
with a Non-Lead Securitization.

“Non-Lead
Servicing Agreement” shall mean any pooling and servicing agreement (or analogous agreement) relating to a Note, other
than the Lead Securitization Servicing Agreement.

“Nonrecoverable
Administrative Advance” shall mean an Administrative Advance that has been determined to be a “nonrecoverable”
in accordance with the terms of the Servicing Agreement.

“Nonrecoverable
P&I Advance” shall mean a P&I Advance that has been determined to be a “nonrecoverable” in accordance
with the terms of the Servicing Agreement.

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“Nonrecoverable
Property Advance” shall mean a Property Advance that has been determined to be a “nonrecoverable” in accordance
with the terms of the Servicing Agreement.

“Note”
shall mean any of Note A-1, Note A-2, Note A-3 and Note B, as the context requires.

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

“Note A Interest
Rate” shall mean individually or collectively, as the context may require, the Note A-1 Interest Rate, the Note A-2 Interest
Rate and/or the Note A-3 Interest Rate.

“Note A Percentage
Interest” shall mean individually or collectively, as the context may require, the Note A-1 Percentage Interest, the
Note A-2 Percentage Interest and/or the Note A-3 Percentage Interest.

“Note A Principal
Balance” shall mean individually or collectively, as the context may require, the Note A-1 Principal Balance, the Note
A-2 Principal Balance and/or the Note A-3 Principal Balance.

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

“Note A-1
Default Interest Rate” shall mean the Note A-1 Default Interest Rate set forth in the Mortgage Loan Schedule.

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

“Note A-1
Interest Rate” shall mean the Note A-1 Interest Rate set forth in the Mortgage Loan Schedule.

“Note A-1
Percentage Interest” shall mean, as of any date, the ratio of the Note A-1 Principal Balance to the Mortgage Loan Principal
Balance.

“Note A-1
Principal Balance” shall mean, at any time of determination, the Initial Note A-1 Principal Balance as set forth in the
Mortgage Loan Schedule, as previously reduced by payments of principal thereon received by the Note A-1 Holder and any reductions
in such amount pursuant to Section 4(c) and Section 7.

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

“Note A-2
Default Interest Rate” shall mean the Note A-2 Default Interest Rate set forth in the Mortgage Loan Schedule.

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

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“Note A-2
Interest Rate” shall mean the Note A-2 Interest Rate set forth in the Mortgage Loan Schedule.

“Note A-2
Percentage Interest” shall mean, as of any date, the ratio of the Note A-2 Principal Balance to the Mortgage Loan Principal
Balance.

“Note A-2
Principal Balance” shall mean, at any time of determination, the Initial Note A-2 Principal Balance as set forth in the
Mortgage Loan Schedule, as previously reduced by payments of principal thereon received by the Note A-2 Holder and any reductions
in such amount pursuant to Section 4(c) and Section 7.

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

“Note A-3
Default Interest Rate” shall mean the Note A-3 Default Interest Rate set forth in the Mortgage Loan Schedule.

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

“Note A-3
Interest Rate” shall mean the Note A-3 Interest Rate set forth in the Mortgage Loan Schedule.

“Note A-3
Percentage Interest” shall mean, as of any date, the ratio of the Note A-3 Principal Balance to the Mortgage Loan Principal
Balance.

“Note A-3
Principal Balance” shall mean, at any time of determination, the Initial Note A-3 Principal Balance as set forth in the
Mortgage Loan Schedule, as previously reduced by payments of principal thereon received by the Note A-3 Holder and any reductions
in such amount pursuant to Section 4(c) and Section 7.

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

“Note B Default
Interest Rate” shall mean the Note B Default Interest Rate set forth in the Mortgage Loan Schedule.

“Note B Holder”
shall mean the Initial Note B Holder or any subsequent holder of Note B.

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

“Note B Percentage
Interest” shall mean, as of any date, the ratio of the Note B Principal Balance to the Mortgage Loan Principal Balance.

“Note B Principal
Balance” shall mean, at any time of determination, the Initial Note B Principal Balance as set forth in the Mortgage
Loan Schedule, as previously reduced by

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payments of principal thereon received
by the Note B Holder and any reductions in such amount pursuant to Section 4(c) and Section 7.

“Note Pledgee”
shall have the meaning assigned to such term in Section 18(d).

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

“Operating
Advisor” shall have the meaning given such term in the recitals.

“Owned Note”
shall have the meaning assigned to such term in Section 40(b).

“P&I
Advance” shall mean an advance made in respect of a delinquent payment of the Monthly Debt Service Payment Amount on
a Note included in a Securitization by a party to such Securitization (and in accordance with the terms of the related Securitization
servicing agreement).

“Penalty
Charges” shall mean any amounts actually collected on the Mortgage Loan from the Mortgage Loan Borrower that represent
late payment charges, other than a Prepayment Premium or default interest.

“Percentage
Interest” shall mean, with respect to the A Notes, the Note A Percentage Interest, and with respect to Note B, the Note
B Percentage Interest.

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

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

“Pledge”
shall have the meaning assigned to such term in Section 18(d).

“Prepayment”
shall mean any payment of principal made by the Mortgage Loan Borrower with respect to the Mortgage Loan which is received in advance
of its scheduled Maturity Date, whether made by reason of a casualty or condemnation, due to the acceleration of the maturity of
the Notes or otherwise.

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

“Principal
Balance” shall mean with respect to any Note, at any date of determination, the then outstanding principal balance of
such Note.

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

“Qualified
Institutional Lender” shall mean the Initial Note A-1 Holder, the Initial Note A-2 Holder, the Initial Note A-3 Holder,
the Initial Note B Holder and the following:

(a)       an
entity Controlled (as defined below) by, or under common Control (as defined below) with, the Initial Note A-1 Holder, the Initial
Note A-2 Holder, the Initial Note A-3 Holder or the Initial Note B Holder, 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, in any case,
which satisfies the Eligibility Requirements;

(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 investment advisor registered under the Investment Advisers Act of 1940 or an institutional
accredited investor under Regulation D, which regularly engages in the business of making or owning investments of types similar
to the Mortgage Loan or the related Note, which satisfies the Eligibility Requirements;

(iii)       a
Qualified Trustee in connection with (A) a securitization of, (B) the creation of collateralized loan 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 at least two of the Rating Agencies which 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 (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 (a),
(b)(i), (b)(ii), (b)(v), (b)(vi) or (c) of this definition;

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(iv)       an
investment fund, limited liability company, limited partnership or general partnership in which a Permitted Fund Manager acts as
the 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 fifty percent (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;

(v)       an
institution substantially similar to any of the foregoing in clauses (b)(i), (ii) or (iv), which satisfies
the Eligibility Requirements; or

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

(c)       any
entity Controlled (as defined below) by, or under common Control (as defined below) with, any of the entities described in clause (b)
above; or

(d)       any
Person for which a Rating Agency Confirmation has been obtained.

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

“Qualified
Servicer” shall mean:

(i)    prior to
the Lead Securitization Date, either (x) a mortgage finance institution, insurance company, bank or mortgage servicing institution
(A) organized and doing business under the laws of the United States or any state of the United States or the District of Columbia,
(B) authorized to transact business in the jurisdiction where the Mortgaged Properties are located, if and to the extent required
by applicable law to enable such institution to perform its obligations under the Interim Servicing Agreement or, in the event
that such institution is acting as a sub-servicer, under the applicable sub-servicing agreement, and otherwise as contemplated
hereby, and (C) has a rating of “CMS3” in the case of Fitch, is on S&P’s Select Servicer List as a U.S.
Commercial Mortgage Master Servicer in the case of S&P or, in the case of Moody’s, such servicer is acting as 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 servicer as servicer of such commercial mortgage loans, or (y) as to which each of the Rating Agencies shall have
delivered to the Trustee written confirmation to the effect that the service by such entity as Servicer or Special Servicer, as
the case may

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be, would not, in and of itself,
result in a downgrade, qualification or withdrawal of the then current ratings assigned to the securities issued under the Servicing
Agreement, and

(ii)    from and
after the Lead Securitization Date, shall mean the Master Servicer or the Special Servicer, or, in the event that either the Master
Servicer or Special Servicer is replaced, any replacement selected in accordance with the terms of the Servicing Agreement.

“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, (ii) an institution insured by the Federal Deposit Insurance Corporation or (iii)
an institution whose long-term senior unsecured debt is rated any of the then in effect top two rating categories of each of the
applicable Rating Agencies.

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

“Rating Agency
Confirmation” shall have, at any time that any A Note or Note B is an asset of a Securitization, the meaning assigned
to such term or analogous term in the Servicing Agreement.

“Realized
Losses” mean any reduction in the Mortgage Loan Principal Balance that does not result
in an accompanying payment of principal to any of the Holders, which may result from, but is not limited to, one of the following
circumstances: (i) the cancellation or forgiveness of any portion of the Mortgage Loan Principal Balance in connection with a bankruptcy
or similar proceeding or a modification or amendment of the Mortgage Loan granted by the Servicer pursuant to the terms of the
Servicing Agreement, or (ii) a reduction in the Mortgage Interest Rate, the Note A Interest Rate or the Note B Interest Rate in
connection with a bankruptcy or similar proceeding involving the Mortgage Loan Borrower or a modification or amendment of the Mortgage
Loan agreed to by the Servicer in accordance with the terms of the Servicing Agreement, that as a result of the application of
Section 7, results in the application of principal to pay interest to one or more Holders (each such Realized Loss described
in this clause (ii) shall be deemed to have been incurred on the Monthly Payment Date for each affected monthly payment).

“Redirection
Notice” shall have the meaning assigned to such term in Section 18(e).

“Regulation
AB” shall have the meaning assigned to such term in Section 40(c)(viii).

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“REMIC”
shall have the meaning assigned to such term in Section 4(h).

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

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

“REO Account”
shall have the meaning assigned to such term in Section 20(d).

“REO Proceeds”
shall mean, with respect to any REO Property, all revenues received by the applicable Servicer with respect to such REO Property
or the Mortgage Loan, which do not constitute Liquidation Proceeds.

“REO Property”
shall mean the Mortgaged Property, after title to which has been acquired by the Servicer on behalf of the 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, 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 a ranking by Morningstar
equal to or higher than “MOR CS3” as a special servicer, provided that if Morningstar has not issued a ranking with
respect to such special servicer, such special servicer is acting as special servicer in a commercial mortgage loan securitization
that was rated by a Rating Agency within the twelve (12) month period prior to the date of determination, and Morningstar has not
downgraded or withdrawn the then-current rating on any class of commercial mortgage securities or placed any class of commercial
mortgage securities on watch citing the continuation of such special servicer as special servicer of such commercial mortgage securities,
(v) in the case of DBRS, such special servicer is acting as special servicer in a commercial mortgage loan securitization that
was rated by DBRS within the twelve (12) month period prior to the date of determination and DBRS has not downgraded or withdrawn
the then current rating on any class of commercial mortgage securities or placed any class of commercial mortgage securities on
watch citing the continuation of such special servicer as special servicer of such commercial mortgage securities as a material
reason for such downgrade or withdrawal and (vi) in the case of KBRA, such rating agency 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

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serviced by such special servicer prior
to the time of determination. The requirement of any rating agency that is not a Rating Agency shall be disregarded.

“Reserve
Collateral” shall have the meaning assigned such term in Section 21(h).

“S&P”
shall mean S&P Global Ratings, a Standard & Poor’s Financial Services LLC business, or its successor in interest.
If neither S&P nor any successor remains in existence, “S&P” shall be deemed to refer to such other nationally
recognized statistical rating agency or other comparable Person reasonably designated by the Depositor, notice of which designation
shall be given to the Trustee, and specific ratings of S&P herein referenced shall be deemed to refer to the equivalent ratings
of the party so designated.

“Securitization”
shall mean the Lead Securitization and any Non-Lead Securitization, as the context may require.

“Securitization
Trust” shall mean the Lead Securitization Trust or any Non-Lead Securitization Trust, as the context requires.

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

“Servicer”
shall mean (i) prior to the Lead Securitization Date, the Interim Servicer, and (ii) on and after the Lead Securitization Date,
the Master Servicer and the Special Servicer, as the context may require. Servicer shall also refer to, as the context may require,
any servicer or special servicer engaged in connection with a Non-Lead Securitization.

“Servicing
Agreement” shall mean:

(i)    prior
to the Lead Securitization Date, the Interim Servicing Agreement, and

(ii)    from
and after the Lead Securitization Date, the Lead Securitization Servicing Agreement.

“Servicing
Fee” shall have the meaning assigned to such term in Section 4.

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

“Special
Servicer” shall have the meaning set forth in the recitals.

“Special
Servicing Fee” shall have the meaning assigned to such term in Section 4.

“Special
Servicing Fee Rate” shall mean an amount:

(i)    prior
to the Lead Securitization Date, so long as the Mortgage Loan is a Specially Serviced Mortgage Loan, an amount equal to the product
of (A) 25 basis points (0.25%) per annum and (B) the Mortgage Loan Principal Balance and

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(ii)    from
and after the Lead Securitization Date, the meaning assigned to such term or analogous term in the applicable Servicing Agreement;
provided that any such Special Servicing Fee Rate shall not exceed 25 basis points (0.25%) per annum with respect
to the Mortgage Loan.

“Specially
Serviced Mortgage Loan” shall mean the Mortgage Loan if:

(i)    prior
to the Lead Securitization Date, any of the following occurs: (a) the Mortgage Loan Borrower fails to make a payment of the Monthly
Debt Service Payment Amount for a period of 60 days after its Monthly Payment Date; (b) in the reasonable business judgment of
the Servicer (with the consent of the applicable Controlling Holder), exercised in accordance with Accepted Servicing Practices,
there is an imminent risk of an Event of Default consisting of a failure to make a payment of the Monthly Debt Service Payment
Amount when due which Event of Default is likely to remain unremedied for a period of 60 days or more; (c) the Servicer has
received notice or has actual knowledge that the Mortgage Loan Borrower has become the subject of any bankruptcy, insolvency or
similar proceeding, admitted in writing its inability to pay its debts as they come due or made an assignment for the benefit of
creditors; (d) the Servicer has received notice of a foreclosure or threatened foreclosure of any lien upon the Mortgaged
Property; (e) except with respect to matters already addressed in clause (a) of this definition, the Servicer has received
notice or has actual knowledge that the Mortgage Loan Borrower is in Default beyond any applicable notice and/or grace periods
in the performance or observance of any of its obligations under the related Mortgage Loan Documents the failure of which to cure,
in the reasonable business judgment of the Servicer, exercised in accordance with Accepted Servicing Practices, materially and
adversely affects the interests of the Holders; or (f) a failure on the part of the Mortgage Loan Borrower to make the Balloon
Payment as and when the same becomes due and payable.

The period
during which the Mortgage Loan is specially serviced shall end and the Mortgage Loan shall be a “Corrected Mortgage Loan”:
(1) with respect to the circumstances described in clause (a) above, when the Mortgage Loan Borrower has paid in full
all payments due under the Mortgage Loan and has made three consecutive full and timely payments of the Monthly Debt Service Payment
Amount under the terms of the Mortgage Loan or, if the Mortgage Loan is “worked out”, when the Mortgage Loan Borrower
has made three consecutive full and timely payments of the Monthly Debt Service Payment Amount under the terms of the Mortgage
Loan as modified in connection with such workout; (2) with respect to the circumstances described in clauses (b), (c)
and (d) above, when such circumstances cease to exist in the good faith judgment of the Servicer, or in the case of clause (b)
above the related Event of Default does not occur within sixty (60) days from the date of such determination; (3) with respect
to the circumstances described in clause (e) above, when the Mortgage Loan Borrower has cured such Default; or (4)
with respect to the circumstances described in clause (f) above, when the Mortgage Loan Borrower has paid in full all
payments due under the Mortgage Loan or, if the Mortgage Loan is “worked out,” when the Mortgage Loan Borrower has
made three consecutive full and timely payments of the Monthly Debt Service Payment Amount under the terms of the Mortgage Loan
as modified in connection with such workout;

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provided that, in any case,
at such time no other circumstance identified in clauses (a) through (f) above exists that would cause the Mortgage
Loan to continue to be characterized as a Specially Serviced Mortgage Loan; and

(ii)    from and after
the Lead Securitization Date, the meaning given to such term or analogous term in the Lead Securitization Servicing Agreement.

“Transfer”
shall have the meaning assigned such term in Section 18.

“Triggering
Event of Default” shall mean (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to
pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as to which the Mortgage Loan becomes a Specially
Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (i)(b)
of the definition of Specially Serviced Mortgage Loan)).

“Trust Fund
Expenses” shall mean with respect to the Mortgage Loan, any unanticipated expenses and certain other Default related
expenses incurred by any Securitization Trust (including, without limitation, all Property Advances (together with interest thereon
at the Advance Rate) and all P&I Advances (together with interest thereon at the rates specified in the servicing agreement
applicable to each Note), and Administrative Advances (together with interest thereon at the Advance Rate) and all additional trust
fund expenses, to the extent not reimbursed by the Mortgage Loan Borrower or deemed to be a Nonrecoverable Property Advance) and
all other amounts (such as indemnification payments) permitted to be retained, reimbursed or withdrawn by (or remitted to) the
Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator or the Operating Advisor from the Collection
Account or the Distribution Account pursuant to the Lead Securitization Servicing Agreement or permitted to be reimbursed to any
of the parties to a Non-Lead Servicing Agreement pursuant to the terms thereof.

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

“Updated
Appraisal” shall mean an Appraisal of the Mortgaged Property or related REO Property conducted subsequent to any Appraisal
performed on or prior to the date of this Agreement by an Appraiser, selected by the applicable Servicer, in accordance with MAI
standards, the costs of which shall be paid as a Property Advance by the Lead Note Holder or applicable Servicer.

“Workout
Fee” shall mean:

(i)    prior
to the Lead Securitization Date, a fee equal to one-half of one percent (0.5%) of each collection of interest and principal (including
scheduled payments, prepayments, Balloon Payments and payments at maturity) received on a Corrected Mortgage Loan; and

(ii)    from
and after the Lead Securitization Date, the meaning assigned to such term in the Servicing Agreement.

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The Workout Fee shall
be payable out of each collection of interest and principal (including scheduled payments, prepayments, Balloon Payments and payments
at maturity) received on the Mortgage Loan for so long as the Mortgage Loan does not subsequently become a Specially Serviced Mortgage
Loan. The Workout Fee with respect to the Mortgage Loan shall cease to be payable if the Mortgage Loan subsequently becomes a Specially
Serviced Mortgage Loan or if the Mortgaged Property becomes an REO Property; provided that, if the Mortgage Loan thereafter
ceases to be a Specially Serviced Mortgage Loan, a new Workout Fee shall become payable to the applicable Servicer that had responsibility
for servicing the Mortgage Loan at such time.

2.       Subordination
of Note B. Note B and the right of the Note B Holder to receive payments with respect to Note B shall, subject to the provisions
of this Agreement, at all times be junior, subject and subordinate to each A Note and the rights of each Note A Holder to receive
payments with respect to its respective A Note.

3.       Intentionally
Omitted.

4.       Administration
of the Mortgage Loan.  (a) From and after the date hereof and prior to the Lead Securitization Date, the Interim
Servicer shall administer and service the Mortgage Loan consistent with the terms of this Agreement, the Interim Servicing Agreement,
the Mortgage Loan Documents, Accepted Servicing Practices and applicable law.

(b)       From
and after the Lead Securitization Date, the administration and servicing of the Mortgage Loan shall be governed by this Agreement
and the Lead Securitization Servicing Agreement; provided that:

(i)       except
as expressly provided for in this Agreement, the rights and remedies of the Note B Holder under the Lead Securitization Servicing
Agreement shall not be materially impaired compared to the rights and remedies of the Note B Holder set forth herein (and the obligations
of the Note B Holder under the Lead Securitization Servicing Agreement shall not be materially increased compared to the obligations
of the Note B Holder set forth herein),

(ii)       the
provisions of the Lead Securitization Servicing Agreement may differ from this Agreement to the extent requested by the Rating
Agencies, the subordinate bond buyers or any of the other parties thereto and differences necessary in order that each Initial
Note A Holder and its Affiliates obtain accounting “sale” treatment for its respective Note under FAS 140; provided
that, in all cases, any such differences between this Agreement and the Lead Securitization Servicing Agreement shall not have
a material adverse effect on any of the rights, remedies or protections granted to the Holders under this Agreement (without giving
effect to any provision of this Agreement which states that a term shall have “the meaning assigned to such term in the Servicing
Agreement,” or be “subject to the Servicing Agreement” or similar phrases),

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(iii)       following
the Lead Securitization Date, such Lead Securitization Servicing Agreement shall not be modified in any manner materially adverse
to a Holder without the prior written consent of such Holder, and

(iv)       the
Lead Securitization Servicing Agreement shall contain terms and conditions as are set forth in Section 40(c) of this Agreement
and such additional provisions 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 Lead Securitization.

(c)       The
Servicer shall distribute (or cause to be distributed) to the Holders all payments due to the Holders in accordance with Section 5
and Section 6 hereof; provided, however, that prior to calculating any amount of interest or principal
due on such date to the Holders, the Servicer shall reduce the Note B Principal Balance (not below zero) by any Realized Loss with
respect to the Mortgage Loan, and after the Note B Principal Balance has been reduced to zero, the Servicer shall reduce the Note
A-1 Principal Balance, the Note A-2 Principal Balance and the Note A-3 Principal Balance, pro rata (based on their respective
outstanding Principal Balances) (in each case, not below zero) by any Realized Loss with respect to the Mortgage Loan.

(d)       In
consideration for servicing the Mortgage Loan (inclusive of each Note) a servicing fee shall accrue at a rate not to exceed the
Servicing Fee Rate on the sum of the outstanding Note A Principal Balance and the outstanding Note B Principal Balance (the “Servicing
Fee”). The Servicing Fee shall be paid on the same interest accrual basis and for the same period of time for which interest
is paid on the Mortgage Loan, and shall be paid in accordance with the priorities set forth in Section 5 and Section
6 and the Lead Securitization Servicing Agreement.

(e)       In
consideration for special servicing the Mortgage Loan (inclusive of each Note) a special servicing fee shall accrue at a rate not
to exceed the Special Servicing Fee Rate on the sum of the outstanding Note A Principal Balance and the outstanding Note B Principal
Balance (the “Special Servicing Fee”). The Special Servicing Fee shall be payable to the Special Servicer if
the Mortgage Loan shall become a Specially Serviced Mortgage Loan, for so long as the Mortgage Loan remains a Specially Serviced
Mortgage Loan. Subject to any liquidation set forth in the Lead Securitization Agreement, the Liquidation Fee shall be payable
to the Special Servicer upon receipt of Liquidation Proceeds. For any period during which the provisions of Section 6
apply, any Workout Fees or Liquidation Fees shall be paid from funds available for distribution prior to the distribution of funds
to the Holders in accordance with Section 6 (it being agreed that a Workout Fee and a Liquidation Fee shall not be
payable with respect to the same payment or with respect to the same period of time, or otherwise simultaneously or duplicatively).
The Holders acknowledge that pursuant to the Servicing Agreement, the Servicers may be entitled to receive Additional Servicing
Compensation. To the extent any such Additional Servicing Compensation is actually received by a Servicer in accordance with the
Servicing Agreement, such Servicer shall be entitled to retain the same. In no event, however, shall any amounts relating to Additional
Servicing Compensation that are not otherwise actually received by a Servicer (or its subservicer) be deducted from any distributions
to any Holder pursuant to Section 5 or Section 6.

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(f)       Notwithstanding
anything to the contrary contained herein, if each of the Lead Securitization Note and Note B cease to be an asset of the
trust fund formed pursuant to the Lead Securitization Servicing Agreement, the provisions of this Agreement shall apply in their
entirety, and each Holder hereby agrees that the Mortgage Loan shall be serviced pursuant to this Agreement. In such event, all
references herein to the “Servicing Agreement” and to “from and after the Lead Securitization Date” and
any ancillary provisions relating thereto shall be deemed to be inoperative and of no further force and effect; provided
that the actual servicing of the Mortgage Loan under this Agreement shall be performed by a successor Master Servicer appointed
by the Lead Note Holder and a successor Special Servicer shall be appointed by the Controlling Holder, both of which replacement
Servicers shall be Qualified Servicers and shall be reasonably acceptable to each of the Holders. Any such entity acting as a successor
Master Servicer or successor Special Servicer of the Mortgage Loan pursuant to the proviso of the preceding sentence will be required
to perform such servicing in accordance with Accepted Servicing Practices and the provisions of this Agreement.

(g)       Notwithstanding
anything to the contrary contained herein, in accordance with this Agreement and the Lead Securitization Servicing Agreement, the
Lead Securitization Servicing Agreement shall provide that the Servicers are required to service and administer the Mortgage Loan
in accordance with Accepted Servicing Practices.

(h)       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 Internal Revenue Code of 1986, as amended (the “Code”) (notice of which shall
be given by the related Holder to the other Holders within three (3) Business Days of the “startup day”, within the
meaning of Section 860(G)(a)(9) of the Code, of the related REMIC), then, any provision of this Agreement to the contrary
notwithstanding: (i) the Mortgage Loan shall be administered such that each Note qualifies at all times as (or as interests in)
a “qualified mortgage” within the meaning of Sections 860G(a)(3) of the Code, (ii) any real property (and related
personal property) acquired by or on behalf of the 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 interests of the Holders therein shall at all times qualify as “foreclosure property” within the meaning
of Sections 860G(a)(8) of the Code and (iii) the related Holder may not 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 related Holder 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 Stated
Department of the Treasury, more than three (3) months after the earliest startup day of any REMIC which includes the related Note
(or any portion of such Note). The Holders agree that the provisions of this Section 4(h) shall be effected by compliance
by the related Holder or its assignee with this Agreement or the Servicing Agreement or any other agreement which governs the administration
of the Mortgage Loan or such Holder’s interest therein. All costs and expenses of compliance with this Section 4(h),
to the extent that such costs and expenses relate to administration of a REMIC or to any determination respecting the amount, payment
or avoidance of any tax under the REMIC Provisions or the actual payment of any REMIC tax or expense, shall be borne by the Holders.

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5.       Payments
Prior to an Event of Default. If no Event of Default shall have occurred and is then continuing, all amounts tendered by the
Mortgage Loan Borrower or otherwise available for payment on the Mortgage Loan (including, without limitation, payments received
in connection with any guaranty or indemnity agreement), whether received as a payment of the Monthly Debt Service Payment Amount,
Prepayments, Balloon Payments, Liquidation Proceeds, Penalty Charges, Cure Payments, proceeds under title, hazard or other insurance
policies or awards or settlements in respect of condemnation proceedings or similar exercise of the power of eminent domain (other
than any amounts for required reserves or escrows required by the Mortgage Loan Documents and 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 Accepted
Servicing Practices or the Mortgage Loan Documents) shall be distributed by the Servicer, pursuant to and in accordance with the
Lead Securitization Servicing Agreement, to the A Notes and Note B on a pro rata and pari passu basis, based on the
outstanding principal amount due under each such Note, and that all such payments of principal and interest allocated to the A
Notes shall be applied to Note A-1, Note A-2 and Note A-3 on a pro rata, pari passu basis; provided that all
amounts so applied shall first be applied to payments of interest on the A Notes and Note B (on a pro rata basis), then
to payments of principal on the A Notes and Note B (on a pro rata, pari passu basis); provided, further,
that with respect to all amounts collected by or on behalf of the Lead Securitization Trust in respect of Insurance Proceeds or
Condemnation Proceeds such amounts shall be applied first (A) to pay the Note A Holders on a pro rata, pari passu basis
among such A Notes until repaid in full, and then (B) to pay the Note B Holder in respect of Note B until repaid in full.

6.       Payments
Following an Event of Default.

(a)       If
an Event of Default has occurred and is continuing, all amounts collected by or on behalf of the Lead Securitization Trust in respect
of the Mortgage Loan or the Mortgaged Property, including without limitation, Liquidation Proceeds or Insurance Proceeds or Condemnation
Proceeds shall be applied in the following order of priority:

(i)       first,
to reimburse the Master Servicer, the Special Servicer and the Trustee for any unreimbursed Nonrecoverable Property Advances or
Nonrecoverable Administrative Advances relating to the Mortgage Loan and the Mortgaged Property and interest thereon at the Advance
Rate;

(ii)       second,
to first reimburse the Master Servicer (and, if applicable, the servicer of any other trust) for any unreimbursed Nonrecoverable
P&I Advances on the A Notes and interest thereon at the Advance Rate, on a pro rata and pari passu basis, then
to reimburse the Master Servicer for any Nonrecoverable P&I Advances on Note B and interest thereon at the Advance Rate;

(iii)       third,
to reimburse or pay the Master Servicer, the Special Servicer or the Trustee for any unreimbursed Property Advances and Administrative
Advances relating to the Mortgage Loan and the Mortgaged Property plus interest accrued thereon at the Advance Rate and any Trust
Fund Expenses (but only to the extent that they relate to servicing and administration of the Mortgage Loan and the Mortgaged Property,
including

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without limitation, any unpaid
Special Servicing Fees, Liquidation Fees and Workout Fees relating to the Mortgage Loan);

(iv)       fourth,
to pay to the Note A Holders accrued and unpaid interest on the A Notes (other than default interest) that was not included in
the amount of Nonrecoverable P&I Advances on the A Notes reimbursed pursuant to clause (ii) above, on a pro rata
and pari passu basis;

(v)       fifth,
to pay to the Master Servicer or the Trustee any interest accrued on P&I Advances on the A Notes on a pro rata and pari
passu basis;

(vi)       sixth,
to pay to the Note B Holder accrued and unpaid interest on Note B (other than default interest) that was not included in the amount
of Nonrecoverable P&I Advances on Note B reimbursed pursuant to clause (ii) above;

(vii)       seventh,
to pay to the Master Servicer or the Trustee any interest accrued on P&I Advances on Note B;

(viii)       eighth,
to pay to the Note A Holders the Note A Principal Balance of the A Notes due and payable on a pro rata and pari passu
basis;

(ix)       ninth,
if the proceeds of any foreclosure sale or any liquidation of the Mortgage Loan or the Mortgaged Property exceed the amounts required
to be applied in accordance with the foregoing clauses (i)-(viii), to pay to the Note A Holders, an amount equal to the
aggregate of unreimbursed Realized Losses previously allocated to the A Notes in accordance with the terms of Section 4(c)
or Section 7(a), on a pro rata and pari passu basis;

(x)       tenth,
to pay to the Note B Holder the Note B Principal Balance due and payable;

(xi)       eleventh,
to the Note B Holder, an amount equal to the aggregate of unreimbursed Realized Losses previously allocated to Note B in accordance
with the terms of Section 4(c) or Section 7(a);

(xii)       twelfth,
to pay the Master Servicer or the Special Servicer any amounts to be applied to the payment of, or escrowed for the future payment
of, real estate taxes, assessments and insurance premiums and similar items;

(xiii)       thirteenth,
to fund any other reserves to the extent then required to be held in escrow;

(xiv)       fourteenth,
(A) to pay to the Note A Holders any Prepayment Premiums then due and payable in respect of any or all of the A Notes, on a pro
rata and pari passu basis among such A Notes, and then (B) to pay to the Note B Holder any Prepayment Premiums then
due and payable in respect of Note B;

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(xv)       fifteenth,
to pay to the Master Servicer or the Special Servicer default interest and late payment charges then due and owing under the Mortgage
Loan, all of which will be applied in accordance with the Lead Securitization Servicing Agreement;

(xvi)       sixteenth,
to pay the Master Servicer or the Special Servicer any Additional Servicing Compensation that the Master Servicer or the Special
Servicer is entitled receive under the Lead Securitization Servicing Agreement; and

(xvii)       seventeenth,
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)-(xvi), any remaining amount shall be paid pro rata to the Note Holders based on the initial
principal balances of the Notes held by such Note Holders;

provided
that it is being understood and agreed that the priority of payment set forth above is solely for purposes of allocating collections
on the Mortgage Loan or the Mortgaged Property (net of any reimbursement or payment of Advances or Trust Fund Expenses relating
to the Mortgage Loan or the Mortgaged Property to the extent provided above) to each Note
and that any amounts payable to or allocable to the Notes in respect of interest, principal, default interest and interest on P&I
Advances will be subject to Section 1.3 and Section 3.4(c) of the Lead Securitization Servicing Agreement and the other applicable
provisions of the Lead Securitization Servicing Agreement and will not otherwise affect the reimbursement rights of the Master
Servicer, the Special Servicer or the Trustee thereunder.

If
any Note (or portion thereof) has been defeased, the foregoing provisions of this Section 6 will apply only to the non-defeased
Notes (or portions thereof). Any Note (or portion thereof) that has been defeased will be repaid solely from the proceeds of the
related defeasance collateral. 

(b)       Following
any period during which the terms of this Section 6 are in effect, in the event that the Mortgage Loan becomes a Corrected
Mortgage Loan, or if the applicable Event of Default is no longer existing, or if the Mortgage Loan is restructured in connection
with a workout such that the Mortgage Loan is no longer a Specially Serviced Mortgaged Loan and, as restructured, is transferred
back to the Servicer and the applicable Event of Default is no longer continuing, then the terms of Section 5 hereof shall
again be in effect, subject, however, to the terms of Section 7 hereof. For the avoidance of doubt, so long as the Mortgage
Loan remains a Specially Serviced Mortgage Loan, the terms of this Section 6 shall continue to be in effect. 

7.       Workout.  (a)
Notwithstanding anything to the contrary contained herein, but subject to the terms and conditions of the Servicing Agreement
and Section 20 and Section 21 of this Agreement, and the obligation to act in accordance with Accepted
Servicing Practices, if any applicable Servicer in connection with a workout or proposed workout of the Mortgage Loan, modifies
the terms thereof such that (i) the Mortgage Loan Principal Balance is decreased, (ii) the Mortgage Interest Rate (or the
Note A Interest Rate or Note B Interest Rate) is reduced, (iii) payments of interest or principal on the Mortgage Loan
are waived, reduced or deferred (other than due solely to an extension of the Maturity Date (that is not a forbearance) pursuant
to an executed extension agreement between Lender and the Mortgage Loan Borrower, so long as no other modification under this
Section 7 has occurred), or (iv) any other adjustment is made to any of the payment terms of the Mortgage Loan,
all payments to each Note A Holder pursuant to

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Section 5 and Section 6
shall be made as though such workout did not occur, with the payment terms of the A Notes remaining the same as they are on the
Closing Date, 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 the Note B Principal Balance, together with accrued interest
thereon at the Note B Interest Rate and any other amounts due the Note B Holder) and, second, pro rata by the Note
A-1 Holder (up to the Note A-1 Principal Balance, together with accrued interest thereon at the Note A-1 Interest Rate, and any
other amounts due to the Note A-1 Holder), the Note A-2 Holder (up to the Note A-2 Principal Balance, together with accrued interest
thereon at the Note A-2 Interest Rate, and any other amounts due to the Note A-2 Holder) and the Note A-3 Holder (up to the Note
A-3 Principal Balance, together with accrued interest thereon at the Note A-3 Interest Rate, and any other amounts due to the Note
A-3 Holder). If the Mortgaged Property shall become an REO Property, the same shall be acquired, managed and operated in substantially
the manner provided in the Servicing Agreement, and the priority of distributions among the Note A Holders and the Note B Holder
shall continue to be made in accordance with the terms of Section 6 that would be applicable following the occurrence
and during the continuation of an Event of Default (whether or not the applicable Mortgage Loan Documents then remain in effect),
with distributions on account of scheduled interest payments being deemed to be Assumed Monthly Payments (as such term shall be
defined in the Servicing Agreement) for such purpose.

(b)       For
purposes of determining the identity of the Controlling Holder (and not for any other purpose, including purposes of calculations
set forth in Section 5 and Section 6 hereof), Appraisal Reduction Amounts shall be allocated first, to reduce
the Note B Principal Balance, and then, to reduce the Note A-1 Principal Balance, the Note A-2 Principal Balance and the
Note A-3 Principal Balance, pro rata. The Lead Note Holder (or the Special Servicer on its behalf) shall notify the Holders
in writing of any Appraisal Reduction Amount calculated with respect to the Mortgage Loan and any allocation thereof to reduce
the Principal Balance of any Note.

8.       Collection
Accounts; Payment Procedure.  (a) Pursuant to the terms of this Agreement or the Servicing Agreement, the Lead
Note Holder shall cause the Servicer to establish and maintain the Collection Account. Each of the Holders hereby directs the
Servicer, in accordance with the priorities set forth in Section 5 and Section 6 and subject to the
terms of this Agreement or the Servicing Agreement, as applicable, (i) to deposit into the applicable Collection Account within
two (2) Business Days after receipt all payments received with respect to the Mortgage Loan and (ii) to remit from the applicable
Collection Account (x) for deposit or credit on the Remittance Date all payments received with respect to and allocable to each
A Note and Note B, by wire transfer to accounts maintained by each Holder and designated to the Servicer in writing; and (y) for
such other purposes and at such times as specified in this Agreement and the Servicing Agreement.

(b)       If
any Servicer holding or having distributed any amount received or collected in respect of any Note 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 Holder,
any Servicer or any other Person, then, notwithstanding any other provision of this Agreement, such Servicer shall not be required
to distribute any portion thereof to

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the Holder of such Note, and such Holder,
shall promptly on demand repay to such Servicer the portion thereof which shall have been theretofore distributed to the related
Holder, together with interest thereon at such rate, if any, as such Servicer shall have been required to pay to the Mortgage Loan
Borrower, the Holders, any other Servicer or such other Person with respect thereto, and, if the amount in question had been advanced
by the Servicer, then with interest thereon at the Advance Rate. Each 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 will promptly remit
such excess to the Servicer. The Servicer shall have the right to offset any amounts due hereunder from any Holder, with respect
to the Mortgage Loan against any future payments due to such Holder under the Mortgage Loan, provided that the obligations
of each Holder under this Section 8 are separate and distinct obligations from one another, and in no event shall any
Servicer be permitted or required under the Servicing Agreement to enforce the obligations of any Holder against the other Holders.
The obligations of each Holder under this Section 8 constitute absolute, unconditional and continuing obligations and
each Servicer shall be deemed a third party beneficiary of these provisions.

9.       Advances;
Default Interest; Penalty Charges.

(a)       Prior
to the Lead Securitization Date, if the Lead Note Holder elects, in its reasonable good faith discretion and in accordance with
Accepted Servicing Practices, to make a Property Advance, the Lead Note Holder shall notify the other Holders promptly, which notice
shall set forth the amount of the additional funds required, the date such funds are required and a summary of the need for such
advance. The other Holders shall be required to advance on or before the date specified in the related notice their respective
Percentage Interest of such Property Advance. If any Holder fails or refuses to advance the foregoing share of such Property Advance,
the Lead Note Holder shall have the right to advance the portion of such Property Advance not advanced by such other Holders. Repayment
of any and all such Property Advances made by any Holder together with interest thereon at the Advance Rate, if applicable, shall
be paid to such Holder from the collections on the Mortgage Loan in accordance with the priority of payments provided in Section
6 hereof. To the extent that any such Property Advance made by any such Holder becomes a Nonrecoverable Property Advance, each
Holder that did not make its Percentage Interest of such Property Advance shall be required to, promptly following notice from
the Holder that made such advance, reimburse the Holder that made such advance for non-advancing Holder’s pro rata
share of such Nonrecoverable Property Advance with interest thereon at the Advance Rate.

(b)       From
and after the Lead Securitization Date, the Servicer and/or the Trustee may be obligated to make Property Advances and (to the
extent that such Servicer or Trustee, as applicable, has determined that such Advance, together with interest thereon at the Advance
Rate would not constitute a Nonrecoverable Advance (as defined in the Servicing Agreement) if made) the right of such party to
reimbursement for any such Property Advances and interest thereon is prior to the rights of the Holders to receive any distributions
or amounts recovered with respect to the Mortgage Loan or the Mortgaged Property to the extent provided in this Agreement and the
Lead Securitization Servicing Agreement. To the extent the Master Servicer, the Special Servicer or the Trustee, as applicable,
obtains funds from general collections of the Lead Securitization as a reimbursement for a Nonrecoverable Property Advance or any
related Advance Interest Amount, the Non-Lead A Note Holder (including any Securitization Trust into which the Non-Lead A Note
is

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deposited) shall be required to, promptly
following notice from the Master Servicer, reimburse the Lead Securitization for its pro rata share of such Nonrecoverable
Property Advance or Advance Interest Amount.

(c)       If
any party to the Lead Securitization Servicing Agreement or any Non-Lead Servicing Agreement makes a P&I Advance in respect
of any Note, such P&I Advance and any interest accrued thereon shall be reimbursable to such advancing party solely as provided
under the terms of this Agreement and the Lead Securitization Servicing Agreement or Non-Lead Servicing Agreement, as applicable.

10.       Limitation
on Liability. Neither the Note A Holders nor any Servicer acting on its behalf shall have any liability to the Note B Holder
with respect to Note B, except with respect to losses actually suffered due to the gross negligence, willful misconduct or breach
of this Agreement on the part of such Note A Holder or the Servicer. The Note B Holder shall have no liability to any Note A Holder
with respect to its respective A Note except with respect to losses actually suffered due to the gross negligence, willful misconduct
or breach of this Agreement on the part of the Note B Holder.

11.       Intentionally
Omitted.

12.       Certain
Servicing Matters.

(a)       Books
and Records. In connection with any inspection of the Mortgaged Property or the books and other financial records of the Mortgage
Loan Borrower by the Lead Note Holder pursuant to the terms of the Mortgage Loan Documents, the Lead Note Holder shall, upon written
request of the Directing Holder, request that the Mortgage Loan Borrower to reasonably cooperate to provide the Directing Holder
access for its own inspection of the Mortgaged Property or the books and other financial records. In addition, in response to the
written request of the Directing Holder, the Lead Note Holder shall request that the officers of the Mortgage Loan Borrower and
the accountants and other representatives of the Mortgage Loan Borrower arrange a meeting (either telephonic or in person) to discuss
the business, financial and other condition of the Mortgage Loan Borrower, and all reasonable out-of-pocket costs incurred by the
Lead Note Holder shall be paid by the Controlling Holder.

(b)       Monthly
Servicing Report. Prior to the Lead Securitization Date, each month, the Servicer shall prepare and shall promptly deliver
copies to each of the Holders a report containing the following information:

(i)       For
each of the Holders, (x) the amount of the distribution from the Collection Account allocable to principal (y) separately identifying
the amount of scheduled principal payments, Balloon Payments, Prepayments made at the option of the Mortgage Loan Borrower or other
Prepayments (specifying the reason therefor) and Liquidation Proceeds included therein and information on distributions made with
respect to each of the Notes and (z) the amounts deposited and on reserve in each of the escrow and reserve funds accounts held
by Servicer;

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(ii)       For
each of the Holders, the amount of the distribution from the Collection Account allocable to interest and the amount of Prepayment
Premiums and default interest paid under the Mortgage Loan Documents;

(iii)       If
the distribution to the Holders is less than the full amount that would be distributable to such Holders if there had been sufficient
amounts available therefor, the amount of the shortfall and the allocation thereof between interest and principal and the amount
of the shortfall, if any, under the Mortgage Loan;

(iv)       The
principal balance and the Realized Losses relating to each of the Notes, after giving effect to the distribution of principal on
such Remittance Date;

(v)       The
amount of the servicing fees paid to the Servicer and the Special Servicer with respect to such Remittance Date, showing separately
the Servicing Fee, the Special Servicing Fee, any Workout Fee and any Liquidation Fee, and the amount of any fees payable to the
paying agent; and

(vi)       Information
regarding disputes affecting the Mortgage Loan Borrower and the Mortgaged Property and such other information as any Holder may
reasonably request, to the extent reasonably available to the Trustee, the Servicer or the related Special Servicer, such costs,
to the extent not included in the regular fees and charges of the Servicer, shall be reimbursed by the requesting party.

From and after the
occurrence of the Lead Securitization Date, the Servicer shall deliver such reports to the Holders as are provided in the applicable
Servicing Agreement.

(c)       Financial
Statements Etc. The Lead Note Holder shall promptly provide (or make available to) the other Holders with copies of each financial
statement and other statement and report delivered to the Lead Note Holder pursuant to the terms of the Mortgage Loan Documents.
Subject to the terms of the applicable Mortgage Loan Documents, upon the reasonable request of such other Holder, the Lead Note
Holder shall also promptly deliver (or make available) to such other Holder, copies of any other documents relating to the Mortgage
Loan, including, without limitation, property inspection reports and loan servicing statements.

(d)       Copies.
Any copies to be furnished by the Servicer under this Agreement may be furnished by hard copy or electronic means.

13.       Representations
and Warranties of Each Initial Note Holder. Each of the Initial Note A-1 Holder, the Initial Note A-2 Holder, the Initial Note
A-3 Holder and the Initial Note B Holder, as of the date hereof, hereby represents and warrants and covenants that:

(i)       It
is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware.

(ii)       The
execution and delivery of this Agreement by it, and the performance of, and compliance with, the terms of this Agreement by it,
will not violate its organizational documents or constitute a Default (or an event which, with notice or lapse of time, or both,

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would constitute a Default) under,
or result in the breach of, any material agreement or other instrument to which it is a party or that is applicable to it or any
of its assets, in each case which materially and adversely affect its ability to carry out the transactions contemplated by this
Agreement.

(iii)       It
has the full power and authority to enter into and consummate all transactions contemplated by this Agreement, has duly authorized
the execution, delivery and performance of this Agreement and has duly executed and delivered this Agreement.

(iv)       This
Agreement is its legal, valid and binding obligation enforceable against it in accordance with its terms, except as the enforcement
thereof may be limited by bankruptcy, insolvency, reorganization, liquidation, receivership, moratorium or other laws relating
to or affecting the enforcement of creditors’ rights or by general principles of equity (regardless of whether such enforceability
is considered in a proceeding in equity or at law).

(v)       Immediately
prior to the execution and delivery of this Agreement, the Initial Note Holder was the sole legal owner and Holder of its related
Note, free and clear of any lien, pledge, hypothecation, encumbrance or other adverse interest in the Mortgage Loan, and the Initial
Note Holder has the right to enter into this Agreement without the consent of any third party.

(vi)       Initial
Note Holder is not in violation of, and its execution and delivery of this Agreement and its performance of, and compliance with,
the terms of this Agreement will not constitute a violation of, any law, any order or decree of any court or arbiter, or any order,
regulation or demand of any federal, state or local government or regulatory authority, which violation, in the Initial Note Holder’s
good faith and reasonable judgment, is likely to affect materially and adversely either the ability of the Initial Note Holder
to perform its obligations under this Agreement or the financial condition of the Initial Note Holder.

(vii)       No
litigation is pending with regard to which the Initial Note Holder has received service of process or, to the best of the Initial
Note Holder’s knowledge, threatened against the Initial Note Holder the outcome of which, in the Initial Note Holder’s
good faith and reasonable judgment is likely to materially and adversely affect the ability of the Initial Note Holder to perform
its obligations under this Agreement.

(viii)       The
Initial Note Holder has not dealt with any broker, investment banker, agent or other person that may be entitled to any commission
or compensation in connection with the transactions contemplated hereby.

(ix)       No
consent, approval, authorization or order of, registration or filing with, or notice to, any governmental authority or court is
required, under federal or state law (including, with respect to any bulk sale laws), for the execution delivery and performance
of or compliance by the Initial Note Holder with this Agreement or the consummation by the Initial Note Holder of any transaction
contemplated hereby, other than (i) such

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consents, approvals, authorizations,
qualifications, registrations, filings or notices as have been obtained or made and (ii) where the lack of such consent, approval,
authorization, qualification, registration, filing or notice would not have a material adverse effect on the performance by the
Initial Note Holder under this Agreement.

14.       Intentionally
Omitted.

15.       Independent
Analyses of the Initial Note B Holder. Subject to the provisions of Section 13, the Initial Note B Holder acknowledges
that it has, independently and without reliance upon any Initial Note A Holder and based on such documents and information as such
Holder has deemed appropriate, made such Holder’s own credit analysis and decision to originate Note B. Except as expressly
provided in this Agreement, Initial Note B Holder hereby acknowledges that the other Holders have not made any representations
or warranties with respect to the Mortgage Loan, and that the other Holders shall have no responsibility for (i) the collectability
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 Initial Note A 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 Initial Note B Holder assumes all risk of loss in connection
with Note B, for reasons other than the gross negligence, willful misconduct or breach of this Agreement by the Initial Note A
Holders or the gross negligence, willful misconduct or bad faith by any Servicer.

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

17.       Not
a Security. None of Note A-1, Note A-2, Note A-3 or Note B shall be deemed to be a security within the meaning of the Securities
Act of 1933 or the Securities Exchange Act of 1934.

18.       Transfer
of Notes.  (a) The Note B Holder shall not sell, assign, transfer, pledge, syndicate, sell, hypothecate, contribute,
encumber, participate, sub participate or otherwise dispose of (each, a “Transfer”) more than a 49% interest
(in one or more transactions) in Note B, without first receiving Rating Agency Confirmation (and the Note B Holder shall pay all
reasonable out-of-pocket costs and expenses of the Lead Note Holder, all out-of-pocket costs and expenses of the Rating Agencies
and all reasonable documented costs and expenses (including internal costs and expenses) of the Servicer incurred in connection
with obtaining such Rating

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Agency Confirmation); provided
that prior to the Lead Securitization, in connection with a proposed Transfer of more than a 49% interest (in one or more transactions)
in Note B, in lieu of obtaining a Rating Agency Confirmation, the Note B Holder shall obtain the prior written consent of the Lead
Note Holder, which consent may be withheld in the sole and absolute discretion of the Lead Note Holder; and, provided, further,
that the Note B Holder may at any time or from time to time Transfer all or any portion of Note B, without the requirement of any
Rating Agency Confirmation, or prior to a Securitization, the written consent of the Lead Note Holder, but subject to the conditions
contained in the third succeeding sentence, to a Qualified Institutional Lender that provides to each Note A Holder certification
in writing from an authorized officer that it is a Qualified Institutional Lender; and provided, further, that notwithstanding
anything to the contrary contained herein, in no event shall the Note B Holder Transfer Note B, or any portion thereof or interest
therein to the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party. Transfers of interests in Note B of 49% or less
in the aggregate (in one or more transactions) shall not require prior consent or approval of each Note A Holder, any Servicer
or any other Person, or Rating Agency Confirmation from any Rating Agency, provided that any such Transfer shall be made
in accordance with the conditions in the second succeeding sentence. Pursuant to the Servicing Agreement, the Servicer shall be
required to present promptly to the Rating Agencies for the purpose of obtaining any Rating Agency Confirmation any application
and material prepared by the applicable Note B Holder relating to a Transfer, but shall not be required to make a recommendation
or prepare a case to the Rating Agencies in connection with obtaining such Rating Agency Confirmation. Notwithstanding the foregoing,
the Note B Holder agrees that each Transfer to be made by it under clauses (a) or (b) of this Section 18
is subject to the following restrictions: (i) all such Transfers shall be made upon at least three (3) Business Days’ prior
written notice to the Lead Note Holder, and (ii) a transferee shall (x) execute an assignment and assumption agreement whereby
such transferee assumes all or a ratable portion, as the case may be, of the obligations of the Note B Holder hereunder with respect
to Note B from and after the date of such assignment (or, in the case of a pledge, collateral assignment or other encumbrance by
the Note B Holder of Note B, solely as security for a loan to the Note B Holder, made by a third-party lender whereby the Note
B Holder remains fully liable under this Agreement, such third party lender executes an agreement that such lender shall be bound
by the terms and provisions of this Agreement and the obligations of the Note B Holder hereunder on and after the date on which
such lender succeeds to the rights of the Note B Holder hereunder by foreclosure or otherwise) and (y) agree in writing to be bound
by the Servicing Agreement, unless the Servicing Agreement is not then in effect with respect to the Mortgage Loan, in which event
the parties will enter into or agree to be bound by any replacement servicing agreement therefor in accordance with the provisions
of Section 4. Upon the consummation of a Transfer of all or any portion of Note B, the transferring Person shall be
released from all liability arising under this Agreement with respect to Note B (or the portion thereof that was the subject of
such Transfer), for the period after the effective date of such Transfer (it being understood and agreed that the foregoing release
shall not apply in the case of a sale, assignment, transfer or other disposition of a participation interest in Note B as described
in clause (b) below) and the transferee shall be the Note B Holder with respect to Note B for all purposes hereunder
with all of the rights, interests and obligations related thereto. The foregoing provision of this Section 18(a) shall not
apply to a Transfer of Note B to the Lead Securitization Trust.

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(b)       In
the case of any sale, assignment, transfer or other disposition of a participation interest in Note B, (i) the transferring Note
B Holder’s obligations under this Agreement shall remain unchanged, (ii) the transferring Note B Holder shall remain solely
responsible for the performance of such obligations, and (iii) the Lead Note Holder shall continue to deal solely and directly
with the transferring Note B Holder in connection with its rights and obligations under this Agreement and the Servicing Agreement,
and all amounts payable hereunder shall be determined as if the Note B Holder had not sold such participation interest; provided,
however, that if the applicable participant is a Qualified Institutional Lender but not the Mortgage Loan Borrower or a
Mortgage Loan Borrower Related Party (and delivers to the Lead Note Holder a certification from an authorized officer confirming
the foregoing status), then, the Note B Holder by written notice to the Lead Note Holder, may delegate to such participant the
Note B Holder’s right to exercise the rights of the Controlling Holder hereunder and under the Servicing Agreement; provided,
further, however, that upon the occurrence of a Control Appraisal Event, the aforesaid delegation of rights shall
terminate and be of no further force and effect.

(c)       Each
Note A Holder agrees that it shall not Transfer all or any portion of its respective A Note, except as follows: (i) to a Qualified
Institutional Lender, (ii) to the Depositor, or any other Person designated by such Note A Holder to act as the depositor and/or
any other Affiliate of such Note A Holder in connection with a Securitization or to the trustee in connection with a Securitization
of the related A Note, (iii) to a purchaser upon a foreclosure, sale or other liquidation of a Specially Serviced Mortgage Loan
or an REO Property, as expressly provided in the Servicing Agreement or (iv) as otherwise expressly provided or contemplated by
the Servicing Agreement. In addition, each Note A Holder may split its respective A Note into multiple participations without the
consent of the Note B Holder or any other Person (it being understood that no participant shall be entitled to amounts other than
what is allocated to the related A Note hereunder had such Note A Holder not participated its related A Note). Notwithstanding
the foregoing, each A Note may not be Transferred to the Mortgage Loan Borrower or any Mortgage Loan Borrower Related Party without
the prior written consent of the Note B Holder and, following the Lead Securitization Date, a Rating Agency Confirmation (it being
understood that any costs and expenses incurred in connection with any such transfer following the Lead Securitization Date shall
be borne by the related Note A Holder). Except with respect to the Transfer referred to in clause (ii) of the first
sentence, any such Transfer shall be made upon at least three (3) Business Days’ prior written notice to the Note B Holder.

(d)       No
Note A Holder shall give its consent to any action (whether through marketing, advertising, public disclosure or otherwise) that
would result in potential investors becoming aware of any proposed Non-Lead Securitization until (i) the establishment of the time
of the contract of sale for each purchaser of certificates for the Lead Securitization or (ii) the Lead Note Holder gives its consent
to such marketing, advertising, disclosure or other related activity.

(e)       Notwithstanding
anything to the contrary contained herein, the Note B Holder may pledge (a “Pledge”) Note B or any interest
therein to any entity (other than the Mortgage Loan Borrower or any Mortgage Loan Borrower Related Party) which has extended a
credit facility to the Note B Holder or has entered into a repurchase agreement with the Note B Holder and that, in each case,
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

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Agency (a “Note Pledgee”),
on terms and conditions set forth in this Section 18(e), it being further agreed that a financing provided by a Note Pledgee
to the Note B Holder or any Affiliate which controls the Note B Holder that is secured by the Note B Holder’s interest in
Note B and is structured as a repurchase arrangement, shall qualify as a “Pledge” hereunder, provided all applicable
terms and conditions of this Section 18 are complied with; provided that a Note Pledgee which is not a Qualified
Institutional Lender may not take title to Note B after a Securitization without a Rating Agency Confirmation and no Note Pledgee
may take title to Note B without satisfying the requirements for transfer set forth in this Section 18. Upon written notice,
if any, by the Note B Holder to the Lead Note Holder that a Pledge has been effected (including the name and address of the applicable
Note Pledgee), the Lead Note Holder agrees to acknowledge receipt of such notice and thereafter agrees: (i) to give such Note
Pledgee written notice of any default by the Note B Holder in respect of its obligations under this Agreement of which default
such Lead Note Holder has actual knowledge and which notice shall be given simultaneously with the giving of such notice to the
Note B Holder; (ii) to allow such Note Pledgee a period of ten (10) Business Days to cure a default by the Note B Holder in
respect of its obligations to 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 or the Servicing Agreement (if the Note B Holder had the right
to consent to such amendment, modification, waiver or termination pursuant to the terms hereof) shall be effective against such
Note Pledgee without the written consent of such Note Pledgee, which consent shall not be unreasonably withheld, conditioned or
delayed and which consent shall be deemed to be given if Note Pledgee shall fail to respond to any request for consent to any such
amendment, modification, waiver or termination within 10 days after request therefor; (iv) that such Lead Note Holder shall
accept any cure by such Note Pledgee of any default of the Note B Holder which the Note B Holder has the right to effect hereunder,
as if such cure were made by the Note B Holder; (v) that such Lead 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 Lead Note Holder; and (vi) that, upon written notice (a “Redirection Notice”) to such
Note A Holder and any Servicer by such Note Pledgee that the Note B Holder is in default beyond any applicable cure periods with
respect to the Note B Holder’s obligations to such Note Pledgee pursuant to the applicable credit agreement or other agreements
relating to the Pledge between the Note B Holder and such Note Pledgee (which notice need not be joined in or confirmed by the
Note B 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 Servicer would otherwise be obligated to pay to the Note B Holder from time to time pursuant to
this Agreement or any Servicing Agreement. The Note B Holder hereby unconditionally and absolutely releases the Lead Note Holder
from any liability to the Note B Holder on account of such Lead Note Holder’s (or Servicer’s) compliance with any Redirection
Notice believed by the Lead Note Holder in good faith to have been delivered by a Note Pledgee. Note Pledgee shall be permitted
to exercise fully its rights and remedies against the Note B Holder (and accept an assignment in lieu of foreclosure as to such
collateral), in accordance with applicable law and this Agreement. In such event, the Lead Note Holder shall recognize such Note
Pledgee (and any transferee (other than the Mortgage Loan Borrower or any Mortgage Loan Borrower Related Party) 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 Note B Holder’s rights, remedies and obligations

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under this Agreement, and any such Note
Pledgee or Qualified Institutional Lender shall assume in writing the obligations of the Note B 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 18(e) shall remain effective as
to the Lead Note Holder unless and until such Note Pledgee shall have notified the Lead Note Holder in writing that its interest
in Note B has terminated.

19.       Other
Business Activities of the Holders. Each of the Holders acknowledges that the other Holders may make loans or otherwise extend
credit to, and generally engage in any kind of business with, any Affiliate of the Mortgage Loan Borrower (“Mortgage Loan
Borrower Related Parties”), and receive payments on such other loans or extensions of credit to the 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.

20.       Exercise
of Remedies by the Servicer.

(a)       Each
of the Holders acknowledges that, subject to the terms of this Agreement (including without limitation, the Controlling Holder’s
rights under Section 21 hereof) and the Servicing Agreement, (i) the Lead Note Holder (or any Servicer or Trustee (if any)
on its behalf) may exercise or refrain from exercising any rights that such Lead Note Holder (or such Servicer or Trustee (if any))
may have hereunder or under the Servicing Agreement in a manner that may be adverse to the interests of the other Holders, so long
as such actions are in accordance with Accepted Servicing Practices and the other terms of this Agreement, (ii) the Lead Note Holder
shall have no liability whatsoever to the other Holders as a result of such Lead Note Holder’s (or any Servicer’s or
Trustee’s) exercise of such rights or any omission by such Lead Note Holder (or any Servicer or Trustee) to exercise such
rights, except as expressly provided herein or for acts or omissions that are taken or omitted to be taken by such Lead Note Holder
that constitute the gross negligence or willful misconduct of such Lead Note Holder or a breach of this Agreement, and (iii) the
Servicer and the Special Servicer shall (and shall be required under the Servicing Agreement to) service and administer the Mortgage
Loan on behalf of each Note A Holder and the Note B Holder (as a collective whole) in accordance with Accepted Servicing Practices,
taking into account the interests of each Note A Holder and the Note B Holder; but in all cases giving due consideration to the
fact that Note B is subject and subordinate to each A Note in accordance with the terms of this Agreement. Each Note A Holder and
the Note B Holder agree that the Servicer, to the extent consistent with the terms of this Agreement (including, without limitation,
Section 21) and after the Lead Securitization Date subject to and in accordance with the Servicing Agreement, shall
have the sole and exclusive authority (in each case, subject to the Accepted Servicing Practices and the terms and conditions set
forth in this Agreement, including without limitation the rights of the Controlling Holder) with respect to the administration
of, and exercise of rights and remedies with respect to, the Mortgage Loan, including, without limitation, the sole and exclusive
authority (i) to modify or waive any of the terms of the Mortgage Loan Documents, (ii) to consent to any action or failure to act
by the Mortgage Loan Borrower or any party to the Mortgage Loan Documents, (iii) to vote all claims with respect to the Mortgage
Loan in any bankruptcy, insolvency or other similar proceedings and (iv) to take legal action to enforce or protect the Holders’
interests with respect to the Mortgage Loan or to refrain from exercising

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any powers or rights under the Mortgage
Loan Documents, including the right at any time to call or waive any Events of Default, or accelerate or refrain from accelerating
the Mortgage Loan or institute any foreclosure action and in all cases acting in accordance with Accepted Servicing Practices and
the terms of this Agreement and the Servicing Agreement, and except as otherwise expressly provided in this Agreement and the Servicing
Agreement, the other Holders shall have no voting, consent or other rights whatsoever with respect to the Lead Note Holder’s
or Servicer’s administration of, or exercise of its rights and remedies with respect to, the Mortgage Loan. Each Holder agrees
that it shall have no right to, and hereby presently and irrevocably assigns and conveys to the Lead Note Holder and the Servicer
and the Special Servicer the rights, if any, that such Holder has (i) to declare or cause the Lead Note Holder or the Servicer
to declare an Event of Default under the Mortgage Loan (ii) to exercise any remedies with respect to the Mortgage Loan, including,
without limitation, filing or causing the Lead Note Holder or the Servicer to file any bankruptcy petition against the Mortgage
Loan Borrower or (iii) to vote any claims with respect to the Mortgage Loan in any bankruptcy, insolvency or similar type
of proceeding of the Mortgage Loan Borrower. Each Holder shall, from time to time, execute such documents as the Lead Note Holder,
the Servicer or the Special Servicer shall reasonably request to evidence such assignment with respect to the rights described
in clause (iii) of the preceding sentence. Except when acting in the capacity of trustee or paying agent, the Lead
Note Holder shall not have any fiduciary duty to the other Holders in connection with the administration of the Mortgage Loan but
shall in all events be obligated to act in accordance with Accepted Servicing Practices. Each Holder expressly and irrevocably
waives for itself and any Person claiming through or under such Holder any and all rights that it may have under Section 1315
of the New York Real Property Actions and Proceedings Law or the provisions of any similar law that purports to give a junior noteholder,
mortgagee or loan participant the right to initiate any loan enforcement or foreclosure proceedings.

(b)       Notwithstanding
anything to the contrary contained herein, the exercise by the Lead Note Holder (or any Servicer or the Trustee (if any) acting
on its behalf) of its rights under this Section 20 shall be subject in all respects to any sections of the Servicing
Agreement governing REMIC administration, and in no event shall the Lead Note Holder (or any Servicer or the Trustee (if any) acting
on its behalf) be permitted to take any action or refrain from taking any action which would violate the laws of any applicable
jurisdiction, breach the Mortgage Loan Documents, be inconsistent with Accepted Servicing Practices or violate any other provisions
of the Servicing Agreement or cause the arrangement evidenced hereby not to be treated as a “grantor trust” for Federal
income tax purposes. The Lead Note Holder (or any Servicer or the Trustee (if any) acting on its behalf) shall exercise such rights
and powers described in this Section 20 on the understanding that the Lead Note Holder (or any Servicer or the Trustee
(if any) acting on its behalf) shall administer the Mortgage Loan in a manner consistent with the Servicing Agreement and this
Agreement, provided that neither the Lead Note Holder nor any Servicer or the Trustee (if any) acting on its behalf shall
be liable to the other Holders with respect to anything the Lead Note Holder or such Servicer or the Trustee (if any) may do or
omit to do in relation to the Mortgage Loan, other than as expressly set forth in this Agreement. Without limiting the generality
of the foregoing, the Lead Note Holder and any Servicer or the Trustee (if any) acting on its behalf may rely on the advice of
legal counsel, accountants and other experts (including those retained by the Mortgage Loan Borrower) and upon any written communication
or telephone conversation which

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the Lead Note Holder or such Servicer
or the Trustee (if any) believes to be genuine and correct or to have been signed, sent or made by the proper Person.

(c)       If
title to the Mortgaged Property is acquired for the benefit of the Holders in foreclosure, by deed-in-lieu of foreclosure or upon
abandonment or reclamation from bankruptcy, the deed or certificate of sale shall be taken in the name of the Lead Note Holder
or its nominee (which shall not include any Servicer) on behalf of the Holders. The applicable Servicer, on behalf of the Holders,
shall dispose of any REO Property utilizing reasonable best efforts, consistent with Accepted Servicing Practices, to maximize
the proceeds of such disposal to the Holders (as a collective whole) if and when such Servicer determines, consistent with Accepted
Servicing Practices, that such disposal would be in the best economic interest of the Holders (as a collective whole). The applicable
Servicer shall (and shall be required under the Servicing Agreement to) manage, conserve, protect and operate each REO Property
for the Holders solely for the purpose of its prompt disposition and sale in accordance with Accepted Servicing Practices.

(d)       The
applicable Servicer shall have full power and authority, subject only to the specific requirements and prohibitions of this Agreement,
to do any and all things in connection with any REO Property as are consistent with Accepted Servicing Practices and the terms
of this Agreement, all on such terms and for such period as such Servicer deems to be in the best interests of Holders (as a collective
whole) and, in connection therewith, such Servicer shall only agree to the payment of management fees that are consistent with
general market standards or to terms that are more favorable to the Holders. The applicable Servicer shall (and shall be required
under the Servicing Agreement to) segregate and hold all revenues received by it with respect to any REO Property separate and
apart from its own funds and general assets and shall establish and maintain with respect to any REO Property a segregated custodial
account (each, an “REO Account”). The applicable Servicer shall (and shall be required under the Servicing Agreement
to) deposit or cause to be deposited in the REO Account within one Business Day after receipt all revenues received by it with
respect to any REO Property (other than Liquidation Proceeds, which shall be remitted to the Collection Account), and shall withdraw
therefrom funds necessary for the proper operation, management and maintenance of such REO Property and for other Costs with respect
to such REO Property, including:

(i)       all
insurance premiums due and payable in respect of any REO Property;

(ii)       all
real estate taxes and assessments in respect of any REO Property that may result in the imposition of a lien thereon;

(iii)       all
ground rents in respect of any REO Property (if applicable);

(iv)       all
costs and expenses reasonable and necessary to protect, maintain, manage, operate, repair and restore any REO Property; and

(v)       to
the extent that such REO Proceeds are insufficient for the purposes set forth in clauses (i) through (iv) above
and the applicable Servicer has provided written notice of such shortfall to the Holders of the necessity to take actions pursuant
to this

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subsection (d), any
expenditure associated with such actions taken by the applicable Servicer shall be payable by the Holders at their option pursuant
to Section 9.

(e)       The
applicable Servicer shall contract with an independent contractor, the fees and expenses of which shall be an expense of the Holders
and payable out of REO Proceeds, for the operation and management of any REO Property, within forty-five (45) days after the Holders’
acquisition thereof (unless the Holders approve otherwise), provided that:

(i)       the
terms and conditions of any such contract shall be reasonable and consistent with the terms of this Agreement and customary for
the area and type of property and shall not be inconsistent herewith;

(ii)       any
such contract shall require, or shall be administered to require, that the independent contractor pay all costs and expenses incurred
in connection with the operation and management of such REO Property, including those listed above, and remit all related revenues
(net of such costs and expenses) to the applicable Servicer as soon as practicable, but in no event later than thirty (30) days
following the receipt thereof by such independent contractor;

(iii)       none
of the provisions of this subsection (e) relating to any such contract or to actions taken through any such independent
contractor shall be deemed to relieve the applicable Servicer of any of its duties and obligations to the Holders or the Lead Note
Holder on behalf of the Holders with respect to the operation and management of any such REO Property; and

(iv)       the
applicable Servicer shall be obligated with respect thereto to the same extent as if it alone were performing all duties and obligations
in connection with the operation and management of such REO Property.

(f)       The
applicable Servicer shall be entitled to enter into any agreement with any independent contractor performing services for it related
to its duties and obligations hereunder for indemnification of such Servicer by such independent contractor, and nothing in this
Agreement shall be deemed to limit or modify such indemnification. When and as necessary, the applicable Servicer shall send to
the Holders a statement prepared by the applicable Servicer setting forth the amount of net income or net loss, as determined for
federal income tax purposes, resulting from the operation and management of a trade or business on, the furnishing or rendering
of a non-customary service to the tenants of, or the receipt of any other amount not constituting rents in respect of, any REO
Property.

(g)       With
respect to any Specially Serviced Mortgage Loan or REO Property which the applicable Servicer has determined to sell in accordance
with Accepted Servicing Practices, the applicable Servicer shall deliver to the Holders an officers’ certificate to the effect
that, the applicable Servicer has determined to sell such Specially Serviced Mortgage Loan or REO Property in accordance with this
subsection (g). The applicable Servicer may then offer to sell to any Person the Specially Serviced Mortgage Loan which
is in Default or the REO Property (and shall on a monthly basis advise the Holders in writing of the status of such Specially Serviced

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Mortgage Loan or REO Property) or, subject
to the following sentence, purchase any such Specially Serviced Mortgage Loan or REO Property (in each case at the Defaulted Mortgage
Loan Purchase Price), but shall, in any event, so offer to sell any REO Property no later than the time determined by the applicable
Servicer to be sufficient to result in the sale of such REO Property within the period specified in the REMIC Provisions. The applicable
Servicer shall deliver such officers’ certificate and give the Holders not less than ten (10) Business Days’ prior
written notice of its intention to sell any Specially Serviced Mortgage Loan or REO Property, in which case the applicable Servicer
shall accept the highest offer received from any Person for the Specially Serviced Mortgage Loan or any REO Property in an amount
at least equal to the Defaulted Mortgage Loan Purchase Price or, at its option, if it has received no offer at least equal to the
Defaulted Mortgage Loan Purchase Price therefor, purchase the Specially Serviced Mortgage Loan or REO Property at the Defaulted
Mortgage Loan Purchase Price.

(h)       In
the absence of any such offer at the Defaulted Mortgage Loan Purchase Price, or purchase by the applicable Servicer at the Defaulted
Mortgage Loan Purchase Price, such Servicer shall accept the highest offer received from any Person that is determined by such
Servicer to be a fair price for such Specially Serviced Mortgage Loan or REO Property; provided that the Lead Note Holder
(or the applicable Servicer, if the applicable Servicer or any Affiliate of the applicable Servicer is not an offeror) shall be
entitled to engage, at the expense of the Holders, an Appraiser to determine whether the highest offer is a fair price. Notwithstanding
anything to the contrary herein, neither the Mortgage Loan Borrower nor any Mortgage Loan Borrower Related Party may make an offer
or purchase any Specially Serviced Mortgage Loan or any REO Property pursuant hereto.

(i)       The
applicable Servicer shall not be obligated by either of the foregoing paragraphs or otherwise to accept the highest offer if the
applicable Servicer determines, in accordance with Accepted Servicing Practices, that rejection of such offer would be in the best
interests of the Holders as a collective whole. In addition, the applicable Servicer may accept a lower offer if it determines,
in accordance with Accepted Servicing Practices, that acceptance of such offer would be in the best interests of the Holders as
a collective whole (for example, if the prospective buyer making the lower offer is more likely to perform its obligations, or
the terms offered by the prospective buyer making the lower offer are more favorable), provided that the offeror is not the applicable
Servicer or an Affiliate of the applicable Servicer. The applicable Servicer shall in no event sell the Specially Serviced Mortgage
Loan or the REO Property other than for cash.

(j)       Subject
to the other provisions of this Section 20, the applicable Servicer shall act on behalf of the Holders in negotiating
and taking other action necessary or appropriate in connection with the sale of a Specially Serviced Mortgage Loan or REO Property,
including the collection of all amounts payable in connection therewith. Any sale of a Specially Serviced Mortgage Loan or REO
Property shall be without recourse to, or representation or warranty by, any Servicer or any Holder, and, if such sale is consummated
in accordance with the duties of the applicable Servicer pursuant to the terms of this Agreement, no such Person who so performed
shall have any liability to any Holders with respect to the purchase price therefor accepted by the applicable Servicer.

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(k)       The
proceeds of any sale of the Specially Serviced Mortgage Loan or REO Property after deduction of the direct out-of-pocket expenses
of such sale incurred in connection therewith shall be promptly, and in any event within one (1) Business Day following receipt
thereof, deposited in the Collection Account. Within thirty (30) days after the sale of the REO Property, the applicable Servicer
shall provide to the Holders a statement of accounting for such REO Property, including without limitation, (i) the date of disposition
of the REO Property, (ii) the gross sales price, the selling and other expenses and the net sales price, (iii) accrued interest
on the Note A Principal Balance at the applicable Note A Interest Rate, and on the Note B Principal Balance at the applicable Note
B Interest Rate calculated from the date of acquisition to the disposition date, and (iv) such other information as the Holders
may reasonably request. The applicable Servicer shall file information returns regarding the abandonment or foreclosure of a Mortgaged
Property with the Internal Revenue Service at the time and in the manner required by the Code.

(l)       The
provisions of subsections (c) through (k) of this Section 20 shall be of no further force and effect
from and after the Lead Securitization Date, and the analogous provisions of the Servicing Agreement shall control.

21.       Certain
Powers of the Controlling Holder. The following provisions shall apply during the term of this Agreement:

(a)       The
Controlling Holder shall be entitled to appoint (or act as) a “directing lender” (the “Directing Holder”)
with respect to the Mortgage Loan and to exercise the rights and powers granted to the Directing Holder and the Controlling Holder
hereunder and under the Servicing Agreement (such designation to be made by written notice to the Lead Note Holder); provided
that if the Mortgage Loan Borrower or any Mortgage Loan Borrower Related Party owns any portion of Note B, the ownership interests
of such Person shall be deemed to equal zero for the purposes of determining which owners can vote to elect the Directing Holder;
and provided, further, that in no event may the Mortgage Loan Borrower or any Mortgage Loan Borrower Related Party
serve as the Directing Holder. Such designation shall remain in effect until it is revoked by the Controlling Holder by a writing
delivered to each of the other parties hereto.

(b)       Notwithstanding
anything to the contrary contained herein (but subject to Section 21(d)), the Lead Note Holder shall,
prior to taking any Major Decision, be required to notify in writing the Directing Holder of any proposal to take any of such actions
(and to provide the Directing Holder with such information requested by such Directing
Holder as may be necessary in the reasonable judgment of such Directing Holder in order to make a judgment) and to receive the
written approval of the Directing Holder (which approval may be withheld in its sole discretion);

(c)       If
the Directing Holder fails to notify the Lead Note Holder of its approval or disapproval
of any such Major Decision within ten (10) Business Days after delivery to the Directing Holder by the Lead Note Holder
of written notice (“Action Notice”) of such a Major Decision together with
any information requested by the Directing Holder pursuant to this Section 21(b) or Section 21(c), then if the Directing
Holder fails to approve or reject the Major Decision within such ten (10) Business Day period, the Directing Holder’s approval
will be deemed to have

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been given for such
Major Decision. Notwithstanding the foregoing, any amounts funded by any Holder under the Mortgage Loan Documents as a result
of (1) the making of any protective Advances or (2) interest accruals or accretions and any compounding thereof (including default
interest) with respect to the Notes shall not at any time be deemed to require prior notice to the Directing Holder (except as
otherwise expressly required by this Agreement) or otherwise contravene this subsection. To the extent the Mortgage Loan Borrower
requests or the Servicer or Special Servicer structures, as part of a workout or otherwise, an extension of the Mortgage Loan for
two or more years beyond the Maturity Date, the Servicer or Special Servicer, as applicable, shall obtain the prior written consent
of the Lead Note Holder (in the same manner as the Directing Holder) in addition to the consent of the Directing Holder. The provisions
of Section 21(c) shall be of no further force and effect from and after the Lead Securitization Date, and the analogous
provisions of the Servicing Agreement shall control.

(d)       With
respect to any proposed action requiring consultation with or approval of the Directing Holder pursuant to Section 21(b),
the Lead Note Holder shall prepare a summary of such proposed action and an analysis of whether or not such action is reasonably
likely to produce a greater recovery on a present value basis than not taking such action, setting forth the basis on which the
Lead Note Holder made such determination, and shall promptly provide to each Holder copies of such summary and any other material
documents and items reasonably necessary to make such determination by hard copy or electronic means on a timely basis. If any
such proposed action is disapproved by the Directing Holder, the Servicer shall propose an alternate action (based on any counter-proposals
received from the Directing Holder, to the extent such counter-proposal is consistent with Section 21(d) or, if no
such counter-proposal is received by the Servicer when the disapproval of the Directing Holder is delivered to the Servicer, then
based on any alternate course of action that the Lead Note Holder may deem appropriate) until the approval of the Directing Holder
is obtained; provided that if the Servicer and Directing Holder do not agree on a proposed course of action within sixty
(60) days after the date on which the Servicer first proposed a course of action and the counter-proposals received from the Directing
Holder would, in the judgment of the Special Servicer, be permitted to be ignored by the Special Servicer in accordance with clause (d)
below), then after giving due consideration (subject to Section 21(d) hereof) to the alternatives and counterproposals,
if any, provided by the Directing Holder the Lead Note Holder shall take such action as it deems appropriate in accordance with
Accepted Servicing Practices. Notwithstanding the foregoing, if in accordance with Accepted Servicing Practices, (i) the Lead Note
Holder determines that emergency action is necessary to protect a Mortgaged Property or the interests of the Holders (as a collective
whole) at a time earlier than the time that such Servicer would otherwise be entitled to take such action pursuant to this Section
21(c) or otherwise under this Agreement and (ii) such action requires consultation with and/or consent of the Directing Holder,
then it shall contact the Directing Holder (by telephone, email or fax) promptly and shall discuss
(unless the Directing Holder shall fail to respond in a reasonable time frame under the circumstances) the proposed action with
such Directing Holder and, if the consent of the Directing Holder would ordinarily be required, attempt to reach agreement within
the revised time frame prior to taking the proposed action, but shall be entitled to take the necessary emergency action
within the necessary time frame regardless of whether it has been able to contact or obtained the agreement of the
Directing Holder. If such emergency action is taken, the Lead Note Holder will promptly
notify the Directing Holder of the action so taken, the Servicer’s reasons for determining that immediate action was necessary
and how

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the action differs from the proposed
actions, if any, that had theretofore been approved by the Directing Holder. The provisions of Section 21(d) shall be of
no further force and effect from and after the Lead Securitization Date, and the analogous provisions of the Servicing Agreement
shall control.

(e)       Notwithstanding
anything herein to the contrary, no advice, direction or objection from or by the Directing Holder, as contemplated by this Section 21,
or no advice, direction or objection, if any, from or by any Non-Controlling Holder, may (and the related Holder shall ignore and
act without regard to any such advice, direction or objection that such Holder (or Servicer on its behalf) has determined, in its
reasonable, good faith judgment, would): (A) require or cause such Holder to violate applicable law, the terms of the Mortgage
Loan Documents or any section of this Agreement or any Servicing Agreement, including such Servicer’s obligation to act in
accordance with Accepted Servicing Practices, (B) result in the imposition of federal income tax on any Securitization Trust, cause
any REMIC to fail to qualify as a REMIC, (C) expose any Securitization Trust, any certificateholder of any related Securitization,
the Depositor or the depositor of any Non-Lead Securitization, the Holders, the Servicer,
the Trustee or the trustee of any Non-Lead Securitization, the Certificate Administrator or any certificate administrator of any
Non-Lead Securitization, the Operating Advisor or the operating advisor of any Non-Lead Securitization or their respective Affiliates,
members, managers, officers, directors, employees or agents, to any material claim, suit or liability or (D) materially expand
the scope of the Servicer’s responsibilities under this Agreement or the related Servicing Agreement.

(f)       No
Controlling Holder or Directing Holder shall owe any fiduciary duty to the Trustee, any Servicer, any Special Servicer, any certificateholder
in any Securitization, or the other Holders. No Controlling Holder or Directing Holder shall have any liability to any the Trustee,
any Servicer, any Special Servicer, any certificateholder in any Securitization or the other Holders for any action taken, or for
refraining from the taking of any action or the giving of any consent or for errors in judgment. By its acceptance of a Note in
the Mortgage Loan, each Holder shall be deemed to have confirmed its understanding that (i) a Directing Holder may take or refrain
from taking actions that favor the interests of the related Controlling Holder or its affiliates over the other Holder, (ii) a
Controlling Holder may take or refrain from taking actions (or cause the related Directing Holder to take or refrain from taking
actions) that favor its interest or the interests of its affiliates over the other Holder, (iii) that a Controlling Holder or Directing
Holder may have special relationships and interests that conflict with the interest of the other Holder and shall be deemed to
have agreed to take no action against a Controlling Holder, a Directing Holder or any of their officers, directors, employees,
principals or agents as a result of such a special relationships or conflicts, (iv) that no Controlling Holder shall be liable
by reason of its having acted or refrained from acting solely in its interest or in the interest of its affiliates, and (v) that
no Directing Holder shall be liable by reason of its having acted or refrained from acting solely in the interests of the related
Controlling Holder or its affiliates.

(g)       The
Directing 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 such replacement
Special Servicer shall be a Qualified Servicer in accordance with this Section 21(g). The Directing Holder shall designate
a Person to serve as Special Servicer by delivering to the Non-Controlling Holders, the

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Servicer and the then existing Special
Servicer a written notice stating such designation and by satisfying the other conditions required under the Servicing Agreement
(including a Rating Agency Confirmation, if required by the terms of the Servicing Agreement), and by delivering to any Holder
that is a Non-Lead Securitization a Rating Agency Confirmation with respect to any rated securities issued in such Non-Lead Securitization.
The Directing Holder shall promptly pay any expenses incurred by the Lead Note Holder in connection with such replacement. The
Directing 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 21(g). The fees payable to any replacement
Special Servicer contemplated in this Section 21(g) at any time, following the Lead Securitization, when the Lead Securitization
Servicing Agreement is no longer in effect, shall be at then market rates for such services. Upon the occurrence of the Lead Securitization
governing the servicing of the Mortgage Loan, the initial Special Servicer designated in the applicable Lead Securitization Servicing
Agreement shall serve as the initial Special Servicer. If a Servicer Termination Event on the part of the Special Servicer has
occurred that affects the Non-Controlling Holder, the Non-Controlling Holder shall have the right to direct the Trustee (or at
any time that the Mortgage Loan is no longer included in a Securitization, the Controlling Holder) to terminate the Special Servicer
under the applicable Servicing Agreement solely with respect to the Mortgage Loan pursuant to and in accordance with the terms
of the Servicing Agreement. The Controlling Holder and the Non-Controlling Holder 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 the Non-Controlling
Holder’s direction cannot at any time be the person (or an Affiliate thereof) that was so terminated without the prior written
consent of the Non-Controlling Holder.

Notwithstanding the
foregoing, the Controlling Holder agrees and acknowledges that the Lead Securitization Servicing Agreement may contain provisions
such that the Special Servicer could be terminated under the Lead Securitization Servicing Agreement based on a recommendation
by the Operating Advisor if (A) the Operating Advisor determines, in its sole discretion exercised in good faith, that (1) the
Special Servicer has failed to comply with Accepted Servicing Practices and (2) a replacement of the Special Servicer would be
in the best interest of the holders of certificates issued under the Lead Securitization Servicing Agreement (as a collective whole)
and (B) an affirmative vote of requisite certificate holders is obtained. The Controlling Holder will retain its right to remove
and replace the Special Servicer, but the Controlling Holder may not restore a Special Servicer that has been removed in accordance
with the preceding sentence.

(h)       Notwithstanding
the foregoing, within ten (10) Business Days after receipt by the Note B Holder of notice indicating that the Note B Holder is
no longer the Controlling Holder, the Note B Holder may, at its option, post with the Lead Note Holder (a) cash collateral
for the benefit of, and reasonably acceptable to the Lead Note Holder or (b) a Letter of Credit (in each case, if there has
been a Securitization, together with documentation reasonably acceptable to the Lead Note Holder to create and perfect a first
priority security interest in favor of the Securitization in such collateral) (to be held by the Lead Note Holder in a segregated
securities account solely and exclusively in the name of each Note A Holder, meeting the Rating Agency criteria for an “eligible
account” on behalf of each Note A Holder) in an amount which, when added to and for this purpose considered a part of the
appraised value of the Mortgaged Property, will cause the Note B Holder to remain the Controlling Holder (such cash or Letter of
Credit, “Reserve Collateral”). The Note B

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Holder may make such election upon written
notice to the Lead Note Holder of its intention to post Reserve Collateral, and upon notifying the Lead Note Holder of such intention,
the Note B Holder shall post such Reserve Collateral as quickly as practicable (but in no event more than three (3) Business Days
following the receipt of the above notice) by delivering such Reserve Collateral to the Lead Note Holder. The Note B Holder shall
grant to and create in favor of each Note A Holder a first priority perfected pledge and security interest in the Reserve Collateral
in a manner reasonably satisfactory to the Lead Note Holder. The Note B Holder shall provide an opinion to the Lead Note Holder,
in form and substance and from counsel reasonably acceptable to the Lead Note Holder, regarding the validity, perfection and priority
of each Note A Holder’s interest in any Reserve Collateral. In addition, the Note B Holder shall pay or cause to be paid
any and all reasonable out of pocket costs and expenses incurred by each Note A Holder (and any servicing party on its behalf)
associated with the delivery and/or pledge of such Reserve Collateral, including the costs and expenses of any opinion of counsel.
Upon the posting of such Reserve Collateral and satisfaction of the other conditions set forth above, the Note B Holder may exercise
all of the rights of the Controlling Holder hereunder; provided, however, that such posting of such collateral and
such satisfaction of conditions will not prevent the Note B Holder from losing its status as the Controlling Holder again (provided
that such collateral shall be taken into account in determining the Mortgaged Properties’ value when calculating whether
the Note B Holder is the Controlling Holder), in which event the foregoing provisions of this paragraph will not again apply and
the Note B Holder may not again post Reserve Collateral. Any Reserve Collateral must be treated as an “outside reserve fund”
for purposes of the REMIC Provisions of the Internal Revenue Code of 1986, as amended, and such property (and the right to reimbursement
of any amounts with respect thereto from a REMIC) will be beneficially owned by the Note B Holder, who will be taxed on all income
with respect thereto. The provisions of Section 21(h) will be of no further force and effect from and after the Lead Securitization
Date.

(i)       Following
a Final Recovery Determination with respect to the Mortgage Loan and application of all proceeds of the liquidation of the Mortgage
Loan, a Mortgaged Property or any REO Property, the Lead Note Holder may draw on or liquidate the Reserve Collateral and apply
the proceeds thereof to reimburse each Note A Holder for any Trust Fund Expense or Realized Loss borne or experienced by each Note
A Holder, plus interest thereon from the date such Trust Fund Expenses or Realized Loss was borne or experienced to the date of
reimbursement. Within ten (10) Business Days following such Final Recovery Determination and application, the Lead Note Holder
shall pay any remaining portion of such proceeds of the Reserve Collateral to the Note B Holder. The provisions of Section 21(i)
shall be of no further force and effect from and after the Lead Securitization Date.

(j)       Notwithstanding
the foregoing, if a Letter of Credit is posted as Reserve Collateral, then Note B Holder shall provide a replacement Letter of
Credit from an Approved Bank in form and substance satisfactory to the Lead Note Holder and each of such Rating Agencies (i) at
least fifteen (15) Business Days before the expiration of the delivered Letter of Credit, and (ii) if the issuer of such Letter
of Credit is at any time not an Approved Bank, within five (5) Business Days following written notice from the Lead Note Holder
to such effect. If the Note B Holder does not effect such a replacement within the periods set forth in the preceding sentence,
the Lead Note Holder shall be entitled immediately thereupon to draw on such Letter of Credit to the full extent of the amount
then remaining available thereunder, in which case the Lead Note Holder shall hold the

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proceeds of such draw as Reserve Collateral
and may hold and apply such Reserve Collateral in the manner and for the purposes otherwise set forth above and below. The provisions
of Section 21(j) will be of no further force and effect from and after the Lead Securitization Date.

22.       Further
Assurances. Each Holder acknowledges and agrees that each Holder may sell all or any portion of its respective Note, subject
to the rights of the other Holders and the terms of this Agreement, and the related Mortgage Loan Documents in connection with
the related Securitization. At the request and at the sole cost and expense of a requesting Holder, and to the extent not already
required to be provided by the other Holders under this Agreement, each Holder shall reasonably cooperate with such requesting
Holder and take such steps as may be reasonably required by such requesting Holder or any Rating Agency in order to satisfy the
market standards to which the requesting Holder customarily adheres or which may be reasonably required by the Rating Agencies
in connection with the related Securitization. Such cooperation shall include, without limitation, each Holder’s agreement
to:

(a)       execute
such amendments to this Agreement as may be requested by the requesting Holder or the Rating Agencies to effect the related Securitization,
provided that no such amendments shall materially and adversely affect any of the rights or remedies granted to the Note
B Holder hereunder (including, without limitation, the timing and amount of payment and the rights granted to a “Controlling
Holder” or “Directing Holder”) or increase the obligations of such Holder hereunder;

(b)       cooperate
with the reasonable requests from third-party service providers engaged by the requesting Holder to obtain, collect, and deliver
information requested or required by such Note A Holder or the Rating Agencies in connection with the Holders, the Notes or the
Mortgage Loan; and

(c)       execute
amendments to the Mortgage Loan Documents to further sever the Notes.

No Holder shall take
any action or refrain from taking any action that would violate any law of any applicable jurisdiction, would be inconsistent with
the Accepted Servicing Practices or would violate the REMIC Provisions of the Servicing Agreement or any other provision of this
Agreement.

23.       Intentionally
Omitted.

24.       No
Pledge or Loan. This Agreement shall not be deemed to represent a pledge of any interest in the Mortgage Loan by the Note A
Holders to the Note B Holder, or a loan from the Note B Holder to the Note A Holders. The Note B Holder shall not have any interest
in any property taken as security for the Mortgage Loan; provided, however, that if any such property or the proceeds
thereof shall be applied in respect of payments due under the Mortgage Loan, then the Note B Holder shall be entitled to receive
its share of such application in accordance with the terms of this Agreement and/or the Servicing Agreement. The Holders acknowledge
and agree that the Mortgage Loan represents a single “claim” under Section 101 of the Bankruptcy Code, and that
the Note B Holder shall not be a separate creditor of the Mortgage Loan Borrower under the Bankruptcy Code.

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25.       Governing
Law; Waiver of Jury Trial. THIS AGREEMENT AND THE RESPECTIVE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED
IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED ENTIRELY
WITHIN SUCH STATE. 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.

26.       Modifications.
This Agreement shall not be modified, cancelled or terminated except by an instrument in writing signed by the parties hereto.
The party seeking modification of this Agreement shall be solely responsible for any and all reasonable expenses that may arise
in order to modify this Agreement. Additionally, from and after a Securitization, the Holders shall not amend or modify this Agreement
without first receiving (i) an opinion of counsel experienced in REMIC matters that such amendment or modification, in and of itself,
would not adversely affect the REMIC status of the Mortgage Loan or this Agreement, and (ii) a Rating Agency Confirmation, except
that no Rating Agency Confirmation shall be required in connection with a modification (x) prior to the Lead Securitization Date,
(y) to cure any ambiguity, to correct or supplement any provision herein that may be defective or inconsistent with any other provisions
herein or with the Servicing Agreement, or (z) 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, and (iii) if such modification, cancellation
or termination would adversely affect the rights or materially affect the duties of any Servicer or Trustee, the written consent
of such affected party.

27.       Successors
and Assigns; Third Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon the parties hereto
and their respective successors and assigns; provided that no successors or assigns of any Initial Note A Holder shall have
any liability for a breach of representation or warranty set forth in this Agreement (including Exhibit C). Each Servicer
and Trustee (if any) is an intended third-party beneficiary of this Agreement. Except as provided in Section 8 and the preceding
sentence, none of the provisions of this Agreement shall be for the benefit of or enforceable by any Person not a party hereto
or a successor or assign of a party hereto.

28.       Counterparts.
This Agreement may be executed in any number of counterparts and all of such counterparts shall together constitute one and the
same instrument.

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

30.       Notices.
All notices required hereunder shall be given by (i) telephone (confirmed in writing) or shall be in writing and personally delivered,
(ii) sent by facsimile transmission 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

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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 or, if mailed,
upon the earlier to occur of receipt or the expiration of the fourth (4th) day following the date of mailing.

31.       Note
Holder’s Access to Information. The Lead Note Holder shall provide to the other Holders and, after the Lead Securitization
Date, the Lead Securitization Servicing Agreement shall provide that such other Holders shall have access to, upon written request
to the Servicer or the Trustee, as applicable, subject to any restrictions on the distribution of such information contained in
the Lead Securitization Servicing Agreement, (a) a summary of the current status of principal and interest payments on the Mortgage
Loan, (b) copies of the Mortgage Loan Borrower’s current financial statements, to the extent in the Servicer’s possession,
(c) the most recent appraisal, if any, as to the value of the Mortgaged Property, to the extent in the Servicer’s possession,
(d) a copy of the Lead Securitization Servicing Agreement, (e) copies of any Default or acceleration notices sent to the Mortgage
Loan Borrower with respect to the Mortgage Loan and all material correspondence related thereto, (f) material notices delivered
to any Servicer by the Mortgage Loan Borrower, (g) copies of each other report provided to the Certificateholders in accordance
with the express terms of the Lead Securitization Servicing Agreement (but only to the extent such other reports relate to the
Mortgage Loan or the Mortgage Loan Borrower), and (h) other information with respect to the Mortgage Loan Borrower or the
Mortgage Loan, reasonably requested by such other Holder, to the extent required to be provided by the Servicer under the Lead
Securitization Servicing Agreement and in the Servicer’s possession or reasonably obtainable by the Servicer, in each case
at the sole cost and expense of such other Holder, to the extent not included in the regular fees and charges of the Servicer,
(with respect to all out-of-pocket and the reasonable administrative and photocopying costs of the Servicer).

32.       Custody
of Mortgage Loan Documents. The originals of all of the Mortgage Loan Documents (other than Note A-2, Note A-3 and Note B)
will be held by the Lead Note Holder on behalf of each of the other Holders, or, following the Lead Securitization Date, shall
be held by the Servicer, Trustee or custodian on its behalf, or other applicable Person under the Lead Securitization Servicing
Agreement.

33.       Statement
of Intent. It is the intention of the parties hereto that, for purposes of federal income taxes, state and local income and
franchise taxes and any other taxes imposed upon, measured by or based upon gross or net income, this Agreement shall be treated
as a grantor trust. The terms of this Agreement shall be interpreted to further this intention of the parties. The parties hereto
agree that, unless otherwise required by appropriate tax authorities, the Lead Note Holder shall file or cause to be filed annual
or other necessary returns, reports and other forms consistent with such intended characterization. Each other Holders, by its
acceptance of its interest herein, agrees, unless otherwise required by appropriate tax authorities, to file its own tax returns
and reports in a manner consistent with such characterization. If the Internal Revenue Service were to characterize this Agreement
as a partnership for federal income tax purposes, then each such other Holders authorizes and directs the Lead Note Holder to elect
out of partnership accounting pursuant to Treasury Regulation 1.761-2, and agrees to file its own tax returns and reports in a
manner consistent therewith.

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34.       Powers.
Except as expressly provided herein, the grantor trust created pursuant to this Agreement will not engage in any activity that
is inconsistent with the classification of this arrangement as a grantor trust for federal income tax purposes. Further, this grantor
trust shall not (a) acquire any additional assets or (b) modify (or agree to the modification of) or dispose of its assets other
than pursuant to the terms hereof. The grantor trust shall take no action (or fail to take any action) that will cause it to be
classified as other than a grantor trust for federal income tax purposes.

35.       Servicing
of the Loan. Pursuant to this Agreement or the Lead Securitization Servicing Agreement, the Master Servicer (whose identity
may change from time to time as provided in this Agreement or the Servicing Agreement) will be appointed as the servicer of the
Mortgage Loan. Pursuant to the Lead Securitization Servicing Agreement, the Special Servicer will be appointed as the special servicer
of the Mortgage Loan. The parties agree that the Servicers shall service the Mortgage Loan on behalf of the Holders. Prior to the
Lead Securitization Date, the Lead Note Holder shall have the right to appoint and remove the Interim Servicer with or without
cause under this Agreement and from and after the Lead Securitization Date, the Lead Note Holder shall have the right to appoint
and remove the Master Servicer in accordance with the terms of the Lead Securitization Servicing Agreement. The Lead Note Holder
has appointed KeyBank National Association to serve as the initial Interim Servicer. All rights and obligations of the Lead Note
Holder described hereunder may be exercised by the Servicer and/or the Special Servicer (except as set forth in the preceding sentence)
and, to the extent applicable, the Certificate Administrator, the Trustee or the paying agent on behalf of the Lead Note Holder
and the other Holders agree to cooperate with any such Persons with respect to its exercise of such rights and obligations.

36.       Registration
of Transfers. The Lead Note Holder shall maintain a register on which it shall record the names and addresses of, and wire
transfer instructions for, the Holders from time to time, to the extent such information is provided in writing to it by any other
Holders. Any transfer of a Note hereunder shall be recorded on such register. The transferring Holder (or the transferee) shall
reimburse the Lead Note Holder for the Lead Note Holder’s reasonable third party out-of-pocket costs and expenses (including
reasonable attorneys’ fees and disbursements) incurred in connection with the terms of this Section 36.

37.       Non-Recourse
Obligations of the Holders. Notwithstanding anything to the contrary contained herein or the Servicing Agreement (but subject
to Section 10 and Section 40 hereof), no Holder shall be personally liable hereunder or under the Servicing Agreement
other than to the extent of cash, property or other value realized or derived from its Note either (i) prior to its disbursement
and receipt by the Holder or (ii) after its receipt by the Holder under the circumstances and to the extent provided under Section 8(b)
hereof.

38.       Termination.
This Agreement and the respective obligations and responsibilities under this Agreement of the parties hereto shall terminate upon
(a) mutual agreement by the parties hereto, evidenced in writing; (b) thirty (30) days after each of the Notes is paid in full;
or (c) payment (or provision for payment) to the Holders of all amounts held by or on behalf of the Servicer and required under
the Servicing Agreement, to be so paid on the last Remittance Date following final payment or other liquidation (or any advance
with respect thereto)

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of the Mortgage Loan or the Mortgaged
Properties; provided, however, that in no event shall the arrangement created hereby continue beyond the expiration
of 21 years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States
to the Court of St. James, living on the date hereof.

39.       Withholding
Taxes.

(a)       If
the Lead Note Holder or the Mortgage Loan Borrower is required by law to deduct and withhold taxes from interest, fees or other
amounts payable to the other Holders with respect to the Mortgage Loan as a result of such Holder constituting a Non-Exempt Person,
the Servicer may do so with respect to such Holder’s interest in such payment (all withheld amounts being deemed paid to
such Holder), provided that the Servicer shall furnish such 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 Holder to seek any allowable
credits or deductions for the taxes so withheld in each jurisdiction in which such Holder is subject to tax.

(b)       Each
Holder shall and hereby agrees to indemnify the Lead Note Holder (or any Servicer on its behalf) against and hold the Lead Note
Holder (or any Servicer on its behalf) harmless from and against any taxes, interest, penalties and attorneys’ fees and disbursements
arising or resulting from any failure of the Lead Note Holder (or any Servicer on its behalf) to withhold taxes from payment made
to such Holder in reliance upon any representation, certificate, statement, document or instrument made or provided by such Holder
to the Lead Note Holder in connection with the obligation of the Lead Note Holder (or any Servicer on its behalf) to withhold taxes
from payments made to such Holder, it being expressly understood and agreed that (i) the Lead Note Holder may accept and rely on
any such representation, certificate, statement, document or instrument as being true and correct in all respects 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 Holder shall, upon request of the Lead Note Holder and at its sole cost and expense, defend any claim or action
relating to the foregoing indemnification using counsel reasonably satisfactory to the Lead Note Holder.

(c)       Each
Holder represents to the Lead Note Holder (for the benefit of the Mortgage Loan Borrower) that it is not a Non-Exempt Person and
that neither the Lead 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 Holder shall deliver to the Lead Note Holder evidence
satisfactory to the Lead Note Holder substantiating that it is not a Non-Exempt Person and that the Lead 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, (a) if a 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
Note Holder an Internal Revenue Service Form W-9 and (b) if a 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 Holder

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shall satisfy the requirements of the
preceding sentence by furnishing to the Lead Note Holder Internal Revenue Service Form W-8ECI, Form W-8BEN or Form W-8BEN, as applicable,
or successor forms, as may be required from time to time, duly executed by such Holder, as evidence of such Holder’s exemption
from the withholding of United States tax with respect thereto. The Lead Note Holder shall not be obligated to make any payment
hereunder to each other Holder in respect of its Note or otherwise until such Holder shall have furnished to the Lead Note Holder
the requested forms, certificates, statements or documents.

40.       Cooperation
in Securitization; Re-Sizing of A Note; Provisions Relating to Securitization.

(a)       In
connection with the Lead Securitization or any Non-Lead Securitization, Note B Holder hereby consents to the inclusion in any disclosure
document relating to the Lead Securitization or such Non-Lead Securitization of the identity of the Note B Holder and the identification
of other Persons that control Note B (other than the identification of its limited partners or other non-controlling investors).
The Note B Holder covenants and agrees that in the event any A Note is to be included as an asset of the Lead Securitization or
any Non-Lead Securitization, the Note B Holder shall, at the related Initial Note A Holder’s sole cost and expense (including,
without limitation, attorneys’ fees and disbursements reasonably incurred by the Note B Holder) and request, (i) meet with
representatives of the Rating Agencies to discuss the business and operations of the Note B Holder, (ii) cooperate with the reasonable
requests of each Rating Agency and such Initial Note A Holder in connection with the Lead Securitization or such Non-Lead Securitization,
as well as in connection with all other matters and the preparation of any offering documents thereof and (iii) review and respond
promptly with respect to any information (except as permitted above) relating to the Note B Holder in the Lead Securitization or
such Non-Lead Securitization document.

(b)       Notwithstanding
any other provision of this Agreement, for so long as Column or any affiliate of Column (an “Initial Holder”)
is the owner of an A Note (each, an “Owned Note”), such Initial Holder 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 an Owned Note to such New Notes; or severing an
Owned Note into one or more further “component” notes in the aggregate principal amount equal to the then outstanding
principal balance of such Owned Note provided that (i) the aggregate principal balance of all outstanding New Notes following
such amendments is no greater than the aggregate principal of such Owned Note prior to such amendments, (ii) all Notes continue
to have the same weighted average interest rate as the Notes prior to such amendments, (iii) all New Notes pay pro rata and
on a pari passu basis and such reallocated or component notes shall be automatically subject to the terms of this Agreement,
(iv) the Initial Holder holding the New Notes shall notify the Lead 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 Accepted Servicing Practices. If the Lead Note Holder so requests, the Initial
Holder 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. In connection with the foregoing (provided the conditions set forth in clauses (i)
through (v) above are satisfied, with respect to clauses (i) through (iv), as certified

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by the applicable Initial Holder, 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 solely for the purpose of reflecting
such reallocation of principal.

(c)       The
Lead Note Holder acknowledges and agrees that it shall cause the Lead Securitization Servicing Agreement to provide that (and,
to the extent such 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, Special Servicer and Trustee for such Lead Securitization shall be required to notify the master servicer, special
servicer and trustee under each Non-Lead Servicing Agreement of the amount of any P&I Advance it has made with respect to any
of Note A-1, Note A-2, Note A-3 or Note B or Property Advances it has made with respect to the Mortgaged Properties within two
Business Days of making any such advance;

(ii)       if
the Master Servicer determines that a proposed P&I Advance or Property Advance, if made, or any outstanding P&I Advance
or Property Advance previously made, would be, or is, as applicable, a “nonrecoverable advance,” the Master Servicer
shall provide the servicers under any Non-Lead Servicing Agreement written notice of such determination within two Business Days
after such determination was made;

(iii)       the
Master Servicer shall remit all payments received during the related Collection Period with respect to Note A-2 and Note A-3, net
of the Servicing Fee payable with respect to each such Note, and any other applicable fees and reimbursements payable to the Master
Servicer, the Special Servicer and the Trustee, to the Holders of such Notes on or prior to the Remittance Date;

(iv)       on
a monthly basis, with respect to each other Note that is held by a Non-Lead Securitization, the Master Servicer shall make available
CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File,
the CREFC® Special Servicer Loan File, the CREFC® Operating Statement Analysis Report and the CREFC®
NOI Adjustment Worksheet) available pursuant to the terms of the Lead Securitization Servicing Agreement;

(v)       the
Master Servicer and Special Servicer shall provide to both the Holder of Note A-2 and the Holder of Note A-3 all documents, certificates,
instruments, notices, reports, operating statements, rent rolls and other information regarding the Mortgage Loan provided to the
“Controlling Class Representative” (or analogous term) as such term is defined in the Lead Securitization Servicing
Agreement at the time provided to such other party;

(vi)       the
servicing duties of each of the Master Servicer and Special Servicer under the Lead Securitization Servicing Agreement shall include
the duty to service the Mortgage Loan and all of the Notes on behalf of the Holders (including the respective

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trustees and certificateholders)
in accordance with the terms and provisions of this Agreement, the Lead Securitization Servicing Agreement and Accepted Servicing
Practices;

(vii)       each
of the Holder of Note A-2 and the Holder of Note A-3 shall be entitled to the same indemnity with respect to the Mortgage Loan
as the Lead Note Holder and Note B is provided with respect to the Mortgage Loan under the Lead Securitization Servicing Agreement;
the Master Servicer, any primary servicer, the Special Servicer, the trustee, the certificate administrator and operating advisor
shall be required to indemnify each “certification party” and the depositors under each Non-Lead Servicing Agreement
related to any public Non-Lead Securitization to the same extent that they indemnify the Lead Securitization “certification
party” and depositor for their failure to deliver the items in clause (viii) below in a timely manner and for
any Deficient Exchange Act Deliverable (as defined in the Lead Securitization Servicing Agreement or any similar term thereto)
regarding, and delivered by or on behalf of, such party;

(viii)       with
respect to any Non-Lead Securitization that is subject to following reporting requirements under the Securities Act of 1933, as
amended, the Securities Exchange Act of 1934 (including Rule 15Ga-1), as amended, and Regulation AB, (a) the Master Servicer, any
primary servicer, the Special Servicer and the Trustee, certificate administrator or other party acting as custodian under the
Lead Securitization Servicing Agreement shall be required to (1) 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), in a timely manner, the reports, certifications, compliance statements, accountants’ assessments and attestations,
information to be included in reports (including, without limitation, Form 15G, Form 10K, Form 10D, Form 8K), and other materials
specified in each of the Non-Lead Servicing Agreements as the parties to the applicable Non-Lead Securitization may require in
order to comply with their obligations under the Securities Act of 1933, as amended, Securities Exchange Act of 1934 (including
Rule 15Ga-1), as amended, and Regulation AB, and any other applicable law, and (2) to the extent applicable, to cooperate with
any depositor in a Non-Lead Securitization in responding to comments from the Commission regarding any materials provided by such
party in the immediately preceding clause (1), and (b) without limiting the generality of the foregoing, the Depositor
for the Lead Securitization shall provide in a timely manner to the depositor and the trustee for any Non-Lead Securitization a
copy of the Lead Securitization Servicing Agreement and each of the Master Servicer, the Special Servicer, Trustee, certificate
administrator or other party acting as custodian for the Lead Securitization will be required to provide to the depositor, at the
expense of the requesting party, and the trustee for any Non-Lead Securitization, any other disclosure information required pursuant
to Regulation AB or the Securities Exchange Act of 1934, as amended, in a timely manner for inclusion in any disclosure document
or Form 8-K filing and market indemnification agreements, opinions and Regulation AB compliance letters as were or are being delivered
with respect to the Lead Securitization. As used in this Agreement, “Regulation AB” means Subpart 229.1100 –
Asset Backed Securities (Regulation AB), 17 C.F.R. §§ 229.1100-229.1125, as such may be amended from time to time, and
subject to such clarification and interpretation as have

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been provided by the Commission
or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time, in each case as effective
from time to time as of the compliance dates specified therein. “Commission” means the United States Securities and
Exchange Commission. The Master Servicer, any primary servicer and the Special Servicer shall each be required to provide certification
and indemnification to any Certifying Person (as defined in the Lead Securitization Servicing Agreement) with respect to any applicable
Sarbanes-Oxley Certification (or analogous terms) as such terms are defined in the related Non-Lead Servicing Agreement;

(ix)       each
of the Master Servicer, the Special Servicer, the custodian and the Trustee and each Other Exchange Act Reporting Party (as defined
in the Lead Securitization Servicing Agreement) shall cooperate (and require each Servicing Function Participant (as defined in
the Lead Securitization Servicing Agreement) and Additional Servicer (as defined in the Lead Securitization Servicing Agreement)
retained by it to cooperate under any applicable sub-servicing agreement), with each depositor for a Non-Lead Securitization (including,
without limitation, providing all due diligence information, reports, written responses, negotiations and coordination, and paying
all costs and expenses incurred in connection therewith) to the same extent as such party is required to cooperate with (and pay
the expenses of) the Depositor under the Lead Securitization Servicing Agreement in connection with Deficient Exchange Act Deliverables
(as defined in the Lead Securitization Servicing Agreement);

(x)       with
respect to each Non-Lead Note, the Master Servicer shall withdraw from the related Collection Account and remit to the related
Holders of such Notes (or, if securitized, the related master servicer of any applicable Non-Lead Securitization), within one (1)
Business Day of receipt of properly identified funds, any amounts that represent late collections on such Note (exclusive of any
portion of such amount payable or reimbursable to any third party in accordance with this Agreement or the Lead Securitization
Servicing Agreement), unless such amount would otherwise be included in the monthly remittance to the Holder of such Note for such
month, provided, however, 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 the Holder of such Note or to the master
servicer of any applicable Non-Lead Securitization, as applicable, within one (1) Business Day of receipt of properly identified
funds but, in any event, the Master Servicer shall remit such amounts within two (2) Business Days of receipt of properly identified
funds;

(xi)       the
Non-Lead A Note Holders are each an intended third-party beneficiary in respect of the rights afforded it under the Lead Securitization
Servicing Agreement and the non-lead master servicers will be entitled to enforce the rights of the Non-Lead A Note Holders under
this Agreement and the Lead Securitization Servicing Agreement;

(xii)       each
master servicer and special servicer under any Non-Lead Servicing Agreement shall be a third-party beneficiary of the Lead Securitization
Servicing Agreement with respect to all provisions therein expressly relating to compensation, reimbursement or indemnification
of such master servicer or special servicer, as the case

    	 	 -59-	Co-Lender Agreement
University Village

    	 

    

may be, and the provisions regarding
coordination of advances made in respect of any Note under the Lead Securitization Servicing Agreement and any Non-Lead Servicing
Agreement, as applicable;

(xiii)       if
the Mortgage Loan becomes a Specially Serviced Mortgage Loan and the Special Servicer determines to sell Note A-1, Note A-2, Note
A-3 and Note B in accordance with the Lead Securitization Servicing Agreement, it shall have the right and the obligation to sell
all of the Notes as notes evidencing one whole loan in accordance with the terms of the Lead Securitization Servicing Agreement.
In connection with any such sale, the Special Servicer shall provide notice to each Non-Controlling Holder of the planned sale
and of such Non-Controlling Holder’s opportunity to bid on the Mortgage Loan;

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

(xv)       to
the extent related to the Mortgage Loan, the Master Servicer or the Special Servicer, Rating Agency Confirmation shall be provided
with respect to the non-lead securitization certificates to the same extent provided with respect to the certificates issued in
connection with the Lead Securitization;

(xvi)       Servicer
Termination Events (as this term or an analogous term is defined in the Lead Securitization Servicing Agreement) with respect to
the Master Servicer and the Special Servicer shall include (i) the failure to remit payments to a Non-Lead Note A Holder as and
when required by the Lead Securitization Servicing Agreement; (ii) the qualification, downgrade or withdrawal of ratings of any
class of certificates in any Non-Lead Securitization; and (iii) the failure to provide to the Non-Lead A Note Holder (if and to
the extent required under the applicable Non-Lead Servicing Agreement) reports required under the Securities Exchange Act of 1934,
as amended, and the rules and regulations thereunder, in a timely fashion. Upon the occurrence of a Servicer Termination Event
with respect to the Non-Lead A Note Holder, the Trustee under the Lead Securitization shall, upon the direction of the related
Holder, require the appointment of a subservicer with respect to the related Note or termination of the Master Servicer or Special
Servicer, as applicable, as set forth in the Lead Securitization Servicing Agreement;

(xvii)       the
Special Servicing Fee for the Mortgage Loan and any related REO Property shall be calculated at a rate not in excess of 0.25% per
annum and shall accrue only while the Mortgage Loan is specially serviced or after a Mortgaged Property has become REO Property;

(xviii)       subject
to various adjustments and caps provided for in the Lead Securitization Servicing Agreement, which shall be substantially similar
to those set forth in the trust and servicing agreement for CSMC 2017-MOON, the Liquidation Fee for the Mortgage Loan if it is
a Specially Serviced Mortgage Loan or REO Property as to which a Liquidation Fee is payable shall not exceed 0.50% of the proceeds
of a full, partial or

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discounted payoff or the Net Liquidation
Proceeds (as defined in the Lead Securitization Servicing Agreement) related to a liquidation or repurchase of the Mortgage Loan,
in each case exclusive of any portion of such payoff or Net Liquidation Proceeds (as defined in the Lead Securitization Servicing
Agreement) that represents Penalty Charges;

(xix)       subject
to various adjustments and caps provided for in the Lead Securitization Servicing Agreement, which shall be substantially similar
to those set forth in the trust and servicing agreement for CSMC 2017-MOON, the Work-out Fee (as defined in the Lead Securitization
Servicing Agreement) for the Mortgage Loan shall not exceed 0.50% of each collection of interest and principal on the Mortgage
Loan;

(xx)       the
Trustee under the Lead Securitization Servicing Agreement shall promptly notify the trustee and the master servicer under any Non-Lead
Servicing Agreement of any resignation, termination or replacement of the Master Servicer, the Special Servicer or an applicable
primary servicer or the effectiveness of any designation of a new Master Servicer, Special Servicer or applicable primary servicer
(together with the relevant contact information); and

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

(d)       The
Non-Lead A Note Holder acknowledges and agrees that it shall cause the Non-Lead Servicing Agreement related to the Non-Lead Securitization
that includes its respective Note to provide that:

(i)       the
applicable master servicer, special servicer and trustee for such Non-Lead Securitization shall be required to notify the master
servicer, special servicer and trustee of the Lead Securitization and each other Non-Lead Securitization of any monthly principal
and interest advance it has made with respect to the applicable Note included in such Non-Lead Securitization within two Business
Days of making such advance;

(ii)       if
the applicable master servicer, special servicer or trustee determines that a proposed monthly principal and interest advance with
respect to the related Note, if made, or any outstanding monthly principal and interest advance previously made, would be, or is,
as applicable, a “nonrecoverable advance,” the master servicer shall provide the Master Servicer and each master servicer
in any other Non-Lead Securitization written notice of such determination within 2 Business Days after such determination was made;

(iii)       if
the related Holder of such Note is responsible for its proportionate share of any Nonrecoverable Property Advances (or any other
portion of a Nonrecoverable Property Advance) (and Advance Interest Amount thereon) or other fee or expense pursuant to Section
9, and that if funds received with respect to such Note are insufficient to cover such amounts, (x) the related master servicer
under the related Non-Lead Servicing Agreement will be required to pay the Master Servicer, Special Servicer or Trustee under the
Lead Securitization Servicing Agreement, as applicable, out of general funds in the collection account (or equivalent account)
established under the related Non-

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Lead Servicing Agreement and (y)
if the Lead Securitization Servicing Agreement permits the Master Servicer, Special Servicer or Trustee under the Lead Securitization
Servicing Agreement to pay itself from the Lead Securitization Trust’s general account then the master servicer under the
related Non-Lead Servicing Agreement will be required to reimburse the Lead Securitization Trust out of general funds in the collection
account (or equivalent account) established under the related Non-Lead Servicing Agreement;

(iv)       each
of the Master Servicer and the Special Servicer shall be indemnified (as and to the same extent the Lead Securitization Trust is
required to indemnify each such party) against any claims, losses, penalties, fines, forfeitures, legal fees and related costs,
judgments and any other costs, liabilities, fees and expenses, incurred in connection with the Lead Securitization Servicing Agreement
that relate solely to its servicing of the Mortgage Loan, and the master servicer under the related Non-Lead Servicing Agreement
will be required to reimburse the Master Servicer or Special Servicer under the Lead Securitization Servicing Agreement, as applicable,
out of general funds in the collection account (or equivalent account) established under the related Non-Lead Servicing Agreement;

(v)       (a)
each of the Master Servicer and the Trustee under the Lead Securitization Servicing Agreement will be a third party beneficiary
under the applicable Non-Lead Servicing Agreement with respect to any provisions therein relating to (1) the reimbursement of any
Nonrecoverable Property Advances made by the Master Servicer or the Trustee under the Lead Securitization Servicing Agreement with
respect to the applicable Note included in such Non-Lead Securitization and (2) as to the Master Servicer only, the indemnification
of the Master Servicer against any claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any
other costs, liabilities, fees and expenses, incurred in connection with any Non-Lead Servicing Agreement and relating to the applicable
Note included in such Non-Lead Securitization and (ii) the Special Servicer will be a third party beneficiary under the related
Non-Lead Servicing Agreement with respect to any provisions therein relating to (1) the reimbursement of any Nonrecoverable Property
Advances made by the Special Servicer (it being understood that the Special Servicer is not required to make any Property Advances)
with respect to such Note included in such Non-Lead Securitization and (2) the indemnification of the Special Servicer against
any claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any other costs, liabilities, fees
and expenses, incurred in connection with any Non-Lead Servicing Agreement and relating to the applicable Note included in such
Non-Lead Securitization; and

(vi)       the
Master Servicer and the Special Servicer are third party beneficiaries of the foregoing provisions.

(e)       The
Non-Lead A Note Holder shall give each of the parties to the Lead Securitization Servicing Agreement (that will not also be a party
to the Non-Lead Servicing Agreement related to the Non-Lead Securitization that will include the related Non-Lead A Note) notice
of the related Non-Lead Securitization in writing (which may be by e-mail) not less than 5 business days’ prior to the closing
of such Non-Lead Securitization. Such notice shall contain

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contact information for each of the
parties to the applicable Non-Lead Servicing Agreement. In addition, after the closing of the applicable Non-Lead Securitization,
the Non-Lead A Note Holder (or the Trustee on its behalf) shall send (i) to each of the parties to the Lead Securitization Servicing
Agreement a copy of the related Non-Lead Servicing Agreement to each of the parties to the Lead Securitization Servicing Agreement
and (ii) notice of any subsequent change in the identity of the master servicer under the related Non-Lead Servicing Agreement
or the party designated to exercise the rights of such Non-Controlling Holder under this Agreement (together with the relevant
contact information).

(f)       Following
the closing of the Lead Securitization, upon receipt of written notice (which may be by email) of the closing of any Non-Lead Securitization,
the Depositor shall provide the depositor under the related Non-Lead Servicing Agreement with a copy of the Lead Securitization
Servicing Agreement in an EDGAR-compatible format.

(g)       If
a Non-Lead Securitization closes prior to the Lead Securitization, the Lead Note Holder shall provide written notice of the closing
of such Lead Securitization to the depositor and trustee of each Non-Lead Securitization and, promptly upon the execution of the
Lead Securitization Servicing Agreement (but not later than one business day after the day on which such document is executed),
shall provide a copy of the Lead Securitization Servicing Agreement in an EDGAR-compatible format.

[NO FURTHER TEXT ON THIS PAGE]

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IN WITNESS WHEREOF,
each of the Initial Note A-1 Holder, the Initial Note A-2 Holder, the Initial Note A-3 Holder and the Initial Note B Holder has
caused this Agreement to be duly executed as of the day and year first above written.

	 	
        Initial Note A-1 Holder:

         

        COLUMN FINANCIAL, INC.

	 	 	 
	 	By:	/s/  David Tlusty 
	 	 	Name:  David Tlusty
	 	 	Title:    Authorized Signatory
	 	 	 
	 	
        Initial Note A-2 Holder:

         

        COLUMN FINANCIAL, INC.

	 	 	 
	 	By:	/s/  David Tlusty 
	 	 	Name:  David Tlusty
	 	 	Title:    Authorized Signatory
	 	 	 
	 	
        Initial Note A-3 Holder:

         

        COLUMN FINANCIAL, INC.

	 	 	 
	 	By:	/s/  David Tlusty 
	 	 	Name:  David Tlusty
	 	 	Title:    Authorized Signatory

 

 

[Signature Page to Co-Lender
Agreement]

    	 	 	Co-Lender Agreement
University Village

    	 

    

 

	 	
        Initial Note B Holder:

         

        COLUMN FINANCIAL, INC.

	 	 	 
	 	By:	/s/  David Tlusty 
	 	 	Name:  David Tlusty
	 	 	Title:    Authorized Signatory
	 	 	 

 

[Signature
Page to Co-Lender Agreement]

 

    	 	 	Co-Lender Agreement
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SCHEDULE 1

Permitted Fund Managers

	1.	Alliance Bernstein
	2.	Annaly Capital Management
	3.	Apollo Real Estate Advisors
	4.	Archon Capital, L.P.
	5.	AREA Property Partners
	6.	Artemis Real Estate Partners
	7.	BlackRock, Inc.
	8.	Capital Trust, Inc.
	9.	Clarion Partners
	10.	Colony Capital, LLC / Colony Financial, Inc.
	11.	CreXus Investment Corporation/Annaly Capital Management
	12.	DLJ Real Estate Capital Partners
	13.	Dune Real Estate Partners
	14.	Eightfold Real Estate Capital, L.P.
	15.	Five Mile Capital Partners
	16.	Fortress Investment Group, LLC
	17.	Garrison Investment Group
	18.	Goldman, Sachs & Co.
	19.	H/2 Capital Partners LLC
	20.	Hudson Advisors
	21.	Investcorp International
	22.	iStar Financial Inc.
	23.	J.P. Morgan Investment Management Inc.
	24.	JER Partners
	25.	Lend-Lease Real Estate Investments
	26.	Libermax Capital LLC
	27.	LoanCore Capital
	28.	Lone Star Funds
	29.	Lowe Enterprises
	30.	Normandy Real Estate Partners
	31.	One William Street Capital Management, L.P.
	32.	Och-Ziff Capital Management Group/ OZ Management, L.P./ OZ Management II., L.P.
	33.	Praedium Group
	34.	Raith Capital Partners, LLC
	35.	Rialto Capital Management, LLC
	36.	Rialto Capital Advisors LLC
	37.	Rimrock Capital Management LLC
	38.	Rockpoint Group
	39.	Rockwood
	40.	RREEF Funds
	41.	Square Mile Capital Management

 

    	 	Sch. 1 - 1	Co-Lender Agreement
University Village

    	 

    

 

	42.	Starwood Capital Group/Starwood Financial Trust
	43.	The Blackstone Group
	44.	The Carlyle Group
	45.	Torchlight Investors
	46.	Walton Street Capital, L.L.C.
	47.	Westbrook Partners
	48.	WestRiver Capital
	49.	Wheelock Street Capital
	50.	Whitehall Street Real Estate Fund, L.P.

 

    	 	Sch. 1 - 2	Co-Lender Agreement
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EXHIBIT A

MORTGAGE LOAN SCHEDULE

A.       Description
of Mortgage Loan

	Mortgage Loan Borrower:	University Village Limited Partnership
	Date of Mortgage Loan:	December 2, 2019
	Initial Principal Amount of Mortgage Loan:	$380,000,000
	Closing Date Mortgage Loan Principal Balance:	$380,000,000
	Location of Mortgaged Property:	Seattle, WA
	Current Use of Mortgaged Property:	Retail
	Mortgage Interest Rate:	3.300% per annum
	Mortgage Default Rate:	7.300% per annum 
	Maturity Date:	December 6, 2029
	Extension Fee:	N/A
	Prepayment Fee:	N/A

B.       Description
of Notes

	Closing Date:	December 2, 2019
	Initial Note A-1 Principal Balance:	$175,000,000
	Initial Note A-2 Principal Balance:	$50,000,000
	Initial Note A-3 Principal Balance:	$25,000,000
	Initial Note B Principal Balance:	$130,000,000
	Approximate Initial Note A-1 Percentage Interest:	46.053%

 

    	 	A-1	Co-Lender Agreement
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	Approximate Initial Note A-2 Percentage Interest:	13.158%
	Approximate Initial Note A-3 Percentage Interest:	6.579%
	Approximate Initial Note B Percentage Interest:	34.210%
	Note A-1 Interest Rate:	3.300% per annum
	Note A-2 Interest Rate:	3.300% per annum
	Note A-3 Interest Rate:	3.300% per annum
	Note B Interest Rate:	3.300% per annum
	Note A-1 Default Interest Rate:	7.300% per annum 
	Note A-2 Default Interest Rate:	7.300% per annum 
	Note A-3 Default Interest Rate:	7.300% per annum 
	Note B Default Interest Rate:	7.300% per annum 

 

 

    	 	A-2	Co-Lender Agreement
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EXHIBIT B

NOTICES

1.       Initial
Note A Holder:

(Prior to Securitization
of Note A-1, Note A-2 and Note A-3):

Column Financial, Inc.

Notice Address:

Column Financial, Inc.

11 Madison Avenue, 11th Floor

New York, New York 10010

General Counsel’s Office

Attention: Mark Covey

Facsimile No.: (212) 743-2823

with a copy to:

Column Financial, Inc.

Eleven Madison Avenue

New York, New York 10010

Attention: N. Dante LaRocca

Facsimile No.: (646) 935-8520

with a copy to:

Dechert LLP

Cira Centre

Philadelphia, Pennsylvania 19104

Attention: David W. Forti, Esq.

2.       Initial
Note B Holder:

(Prior to Securitization
of Note B):

Column Financial, Inc.

Notice Address:

Column Financial, Inc.

11 Madison Avenue, 11th Floor

New York, New York 10010

General Counsel’s Office

Attention: Mark Covey

Facsimile No.: (212) 743-2823

    	 	B-1	Co-Lender Agreement
University Village

    	 

    

with a copy to:

Column Financial, Inc.

Eleven Madison Avenue

New York, New York 10010

Attention: N. Dante LaRocca

Facsimile No.: (646) 935-8520

with a copy to:

Dechert LLP

Cira Centre

Philadelphia, Pennsylvania 19104

Attention: David W. Forti, Esq.

(Following Securitization
of Note A-1):

		(i)	Depositor:

Credit Suisse Commercial Mortgage Securities Corp.

11 Madison Avenue, 4th Floor

New York, New York 10010

Attention: N. Dante LaRocca

Facsimile number: (646) 935-8520

E-mail: dante.larocca@credit-suisse.com

with a copy to:

Cadwalader Wickersham & Taft LLP

200 Liberty Street

New York, New York 10281

Attention: Robert Kim

Facsimile number: (212) 509-6666

E-mail: Robert.kim@cwt.com

		(ii)	Servicer:

Midland Loan Services, a Division of PNC Bank, National Association

10851 Mastin Street, Building 82, Suite 300

Overland Park, Kansas 66210

Attention: Executive Vice President-Division Head

Facsimile number: (888) 706-3565

E-mail: NoticeAdmin@midlandls.com

		(iii)	Special Servicer:

Cohen Financial, a Division of PNC Bank

    	 	B-2	Co-Lender Agreement
University Village

    	 

    

4601 College Boulevard, Suite 300

Leawood, Kansas 66211

Attention: Head of Investor Services

Email: loanadmin@cohenfinacial.com

Facsimile number: 312-346-6669

		(iv)	Certificate Administrator:

Wells Fargo Bank, National Association

Commercial Mortgage Servicing

2010 Corporate Ridge

10th Floor, Suite 1000

McLean, Virginia 22102-7853

Attention: CSMC 2019-UVIL Asset Manager

Facsimile No.: (855) 689-5677

Email: mftransactions@wellsfargo.com

		(v)	Trustee:

Wells Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland  21045

Attention:  Corporate Trust Services (CMBS)

CSMC 2019-UVIL

With a copy to:

Wells Fargo Bank, National Association

Facsimile number:  (410) 715-2380

E-Mail:  cts.cmbs.bond.admin@wellsfargo.com, and to

trustadministrationgroup@wellsfargo.com

		(vi)	Operating Advisor:

Park Bridge Lender Services LLC

600 Third Avenue, 40th Floor

New York, New York 10016

Attention: CSMC 2019-UVIL – Surveillance Manager

with copies sent contemporaneously via email to:

cmbs.notices@parkbridgefinancial.com

		(vii)	Custodian:

Wells Fargo Bank, National Association

Commercial Mortgage Servicing

2010 Corporate Ridge

10th Floor, Suite 1000

    	 	B-3	Co-Lender Agreement
University Village

    	 

    

McLean, Virginia 22102-7853

Attention: CSMC 2019-UVIL Asset Manager

Facsimile No.: (855) 689-5677

Email: mftransactions@wellsfargo.co

 

    	 	B-4	Co-Lender Agreement
University Village

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