Document:

Exhibit 4.4

 

EXECUTION COPY

 

AGREEMENT BETWEEN NOTEHOLDERS

 

Dated as of May 21, 2018

 

by and between

 

DEUTSCHE BANK AG, NEW YORK BRANCH

(Initial Note A Holder)

 

and

 

DEUTSCHE BANK AG, NEW YORK BRANCH

(Initial Note B Holder)

 

1001 North Shoreline Boulevard

 

     

     

    

 

THIS AGREEMENT BETWEEN
NOTEHOLDERS (“Agreement”), dated as of May 21, 2018, by and between DEUTSCHE BANK AG, NEW YORK BRANCH (“DB”
and, together with its successors and assigns in interest, in its capacity as initial owner of Note A, the “Initial Note
A Holder,” and in its capacity as the initial agent, the “Initial Agent”), and DB and, together with
its successors and assigns in interest, in its capacity as initial owner of Note B, (the “Initial Note B Holder”).

 

W I T N E S S E T H:

 

WHEREAS, pursuant to
the Mortgage Loan Agreement (as defined herein) DB originated a certain loan described on the schedule attached hereto as Exhibit
A (the “Mortgage Loan Schedule”) (the “Mortgage Loan”) to LH Shoreline LP, (the “Mortgage
Loan Borrower”), which was evidenced, inter alia, by (i) one promissory note in the original principal amount
of $64,450,000 (“Note A”) made by the Mortgage Loan Borrower in favor of the Initial Note A Holder, and (ii)
one promissory note in the original principal amount of $46,050,000 (“Note B”, and together with Note A, the
“Notes”) made by the Mortgage Loan Borrower in favor of the Initial Note B Holder, and secured by a first mortgage
(as amended, modified or supplemented, the “Mortgage”) on certain real property located as described on the
Mortgage Loan Schedule (the “Mortgaged Property”); and

 

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

 

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

 

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

 

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

 

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

 

“Additional
Servicing Expenses” shall mean (a) all Property Protection Advances and reasonable out-of-pocket expenses incurred by
and reimbursable to any Servicer, Trustee, certificate administrator or fiscal agent pursuant to the Servicing Agreement relating
solely to the Mortgage Loan, and (b) all interest accrued on Advances made by any Servicer or Trustee in accordance with the terms
of the Servicing Agreement; provided that (i) the aggregate special servicing fee (or equivalent) (which fee is payable
solely during the period that the Mortgage Loan is a Specially Serviced Loan) shall not exceed an amount equal to 0.25% per annum
of the outstanding principal balance of the Mortgage Loan, (ii) the special servicing liquidation fee (or

 

     

     

    

 

equivalent) shall not
exceed 1.0% of the collections made with respect to the Mortgage Loan or any sums received from proceeds from the disposition of
the Mortgaged Property or the Mortgage Loan, as the case may be, (iii) the special servicing workout fee (or equivalent) shall
not exceed 1.0% of the collections made with respect to the Mortgage Loan while the Mortgage Loan is a performing or “corrected”
loan (or such other analogous term pursuant to the Servicing Agreement), (iv) in no event shall both a workout fee and a liquidation
fee be payable on the same principal payment, and (v) any such workout fee or liquidation fees shall be excluded if Note A is purchased
within ninety (90) days of the date on which the first Noteholder Purchase Notice was given by the Note B Holder.

 

“Advance Interest
Amount” shall mean interest payable on Advances, as specified in the Servicing Agreement.

 

“Advances”
shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement
(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 the office
of the Initial Note A Holder listed on Exhibit B hereto, and which is the address to which notices to and correspondence with the
Agent should be directed. The Agent may change the address of its designated office by notice to the Noteholders.

 

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

 

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

 

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

 

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

 

    2 

     

    

 

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

 

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

 

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

 

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

 

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

 

“Borrower Party
Affiliate” With respect to the Mortgage Loan Borrower, a manager of the Mortgaged Property or a Restricted Mezzanine
Holder, (a) any other Person controlling or controlled by or under common control with such borrower, mortgagor, manager or Restricted
Mezzanine Holder, as applicable, (b) any other Person owning, directly or indirectly, 25% or more of the beneficial interests in
such borrower, mortgagor or manager, as applicable, or (c) any other Person owning, directly or indirectly, 25% or more of the
beneficial interests in such Restricted Mezzanine Holder. For the purposes of this definition, “control” when used
with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly,
whether through the ownership of voting securities, by contract or otherwise and the terms “controlling” and “controlled”
have meanings correlative to the foregoing.

 

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

 

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

 

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

 

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

 

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

 

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

 

    3 

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

    4 

     

    

 

“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 Purchase Price” shall mean the sum, without duplication, of each of the following to the extent that such amounts
have not been previously paid or reimbursed pursuant to Section 3 or Section 4 of this Agreement: (a) the aggregate
Principal Balance of Note A, (b) accrued and unpaid interest on Note A Principal Balance at the Note A Rate from the date as to
which interest was last paid in full by Mortgage Loan Borrower up to and including the end of the interest accrual period relating
to the Monthly Payment Date next following the date the purchase occurred and any accrued and unpaid Accrued Interest on Note A,
(c) any other amounts due under the Mortgage Loan to the Note A Holder, other than Prepayment Premiums, default interest, late
fees, exit fees and any other similar fees, provided that if a Borrower Party is the purchaser, the Defaulted Mortgage Loan
Purchase Price shall include Prepayment Premiums, default interest, late fees, exit fees and any other similar fees, (d) without
duplication of amounts under clause (c), any unreimbursed Advances and any expenses incurred in enforcing the Mortgage Loan
Documents (including, without limitation, Property Protection Advances payable or reimbursable to any Servicer, and special servicing
fees incurred by or on behalf of the Note A Holder), (e) without duplication of amounts under clause (c), any accrued and
unpaid Advance Interest Amount with respect to an Advance made by or on behalf of the Note A Holder, (f) (x) if a Borrower Party
is the purchaser or (y) if the Mortgage Loan is purchased more than ninety (90) days after such option first becomes exercisable
pursuant to Section 12 of this Agreement, any liquidation or workout fees payable under the Servicing Agreement with respect
to the Mortgage Loan, (g) if the Mortgage Loan is purchased more than 120 days after such option first becomes exercisable pursuant
to Section 12 of this Agreement, any default interest on each of the Note A Principal Balance at the Note A Rate from the
date as to which interest was last paid in full by Mortgage Loan Borrower and (h) any Recovered Costs not reimbursed previously
to the Note A Holder pursuant to this Agreement. Notwithstanding the foregoing, if the purchasing Noteholder is purchasing from
a Borrower Party, the Defaulted Mortgage Loan Purchase Price shall not include the amounts described under clauses (d) through
(g) of this definition. If the Mortgage Loan is converted into a Foreclosure Property, for purposes of determining the Defaulted
Mortgage Loan Purchase Price, interest will be deemed to continue to accrue on Note A at the Note A Default Rate as if the Mortgage
Loan were not so converted. In no event shall the Defaulted Mortgage Loan Purchase Price include amounts due or payable to the
Purchasing Noteholder under this Agreement; and

 

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

 

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

 

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

 

    5 

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Initial Noteholders”
shall mean, collectively, the Initial Note A Holder and the Initial Note B Holder.

 

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

 

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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.

 

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

 

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

 

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

 

“Lead Securitization”
shall mean the Note A Securitization.

 

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

 

“Lead Securitization
Note” shall mean Note A.

 

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

 

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

 

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

 

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

 

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

 

“Major Decisions”
shall mean:

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    8 

     

    

 

(xi)       any
determination that a Trigger Period (as defined in the Mortgage Loan Agreement) has commenced or terminated, and any releases of
any material amounts from any escrow accounts, reserve funds or letters of credit, in each case, held as performance escrows or
reserves, other than those required pursuant to the specific terms of the related Mortgage Loan Documents and for which there is
no lender discretion;

 

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

 

(xiii)     any
determination of an Acceptable Insurance Default;

 

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

 

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

 

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

 

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

 

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

 

(xix)      the
approval of any property improvement plans, including the approval of, engagement or retention of any property improvement plan
consultant and the approval of any work or reserve estimates by any property improvement plan consultant, or other material alterations
proposed for the Mortgaged Property;

 

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

 

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

 

(xxii)     any
filing of a bankruptcy or similar action against the Mortgage Loan Borrower or Guarantor or the election of any action in a bankruptcy
or Insolvency Proceeding to seek relief from the automatic stay or dismissal of a bankruptcy filing or voting for or opposing a
plan of reorganization, seeking or opposing an order for adequate protection, adequate assurance, a § 363 sale, order shortening
time or similar motion of procedure in an Insolvency Proceeding or making an § 1111(b)(2) election on behalf of the Noteholders;

 

(xxiii)    reinstating
the Mortgage Loan or waiving any Event of Default prior to or after acceleration of the Mortgage Loan;

 

(xxiv)   consenting
to the waiver of any of the covenants of the Mortgage Loan Borrower, to the extent the consent of the Lender is required for any
such waiver, relating to its status as a Special Purpose Bankruptcy Remote Entity (as defined in the Mortgage Loan Agreement);
or

 

(xxv)    any
enforcement of any cure right or the exercise of any remedies under any franchise agreement, management agreement, subordination
and non-disturbance, comfort letter, recognition agreement or similar agreement related thereto;

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    10 

     

    

 

“Morningstar”
shall mean Morningstar Credit Ratings, LLC, or any successor in interest.

 

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

 

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

 

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

 

“Mortgage Loan
Agreement” shall mean the Loan Agreement, dated as of March 15, 2018, as modified pursuant to that certain Promissory
Note Reallocation and Loan Modification Agreement, dated as of May 4, 2018, between the Mortgage Loan Borrower and Lender,
as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

 

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

 

“Mortgage Loan
Borrower Related Party” shall have the meaning assigned to such term in Section 18.

 

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

 

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

 

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

 

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

 

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

 

“Non-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-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).

 

    11 

     

    

 

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

 

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

 

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

 

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

 

“Note A Default
Rate” shall mean a rate per annum equal to the Applicable Interest Rate (as defined in the Mortgage Loan Agreement)
applicable to Note A plus the Note Default Interest Spread.

 

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

 

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

 

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

 

“Note A PSA”
shall mean the pooling and servicing agreement for the COMM 2018-COR3
Mortgage Trust transaction, dated as of May 1, 2018, between Deutsche Mortgage & Asset Receiving Corporation, as depositor,
Midland Loan Services, a Division of PNC Bank, National Association, as master servicer and special servicer, Wells Fargo Bank,
National Association, as trustee, certificate administrator, paying agent and custodian, and Park Bridge Lender Services LLC, as
operating advisor and asset representations reviewer, subject to such changes required by the mortgage loan sellers in connection
with the execution of the Servicing Agreement.

 

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

 

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

 

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

 

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

 

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

 

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

 

“Note B Default
Rate” shall mean a rate per annum equal to the Applicable Interest Rate (as defined in the Mortgage Loan Agreement)
applicable to Note B plus the Note Default Interest Spread.

 

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

 

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

 

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

 

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

 

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

 

“Note Default
Interest Spread” shall mean a rate per annum equal to four percent (4.0%); provided, however, that if the
weighted average of the Note A Default Rate and the Note B Default Rate would exceed the maximum rate permitted by applicable law,
the Note Default Interest Spread shall equal (i) the rate at which the weighted average of the Note A Default Rate and the Note
B Default Rate equals the maximum rate permitted by applicable law minus (ii) the Mortgage Loan Rate.

 

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

 

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

 

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

 

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

 

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

 

    13 

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    14 

     

    

 

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 Note A Holder or the Note B Holder, as applicable, (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

 

    15 

     

    

 

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

 

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

 

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

 

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

 

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

 

“Rating Agencies”
shall mean any of (a) S&P, (b) Moody’s, (c) Fitch, (d) DBRS, (e) KBRA (f) Morningstar or, (g) if any of such entities
shall for any reason no longer perform the functions of a securities rating agency, any other nationally recognized statistical
rating agency reasonably designated by the Depositor to rate the securities issued in connection with the Securitization of Note
A; provided, however, that, at any time during which any of Note A is an asset of the Note A Securitization, “Rating
Agencies” or “Rating Agency” shall mean with respect to Note A each and every of those rating agencies that are
engaged by the Depositor from time to time to rate the securities issued in connection with the Note A Securitization, but

 

    16 

     

    

 

excluding
any of those rating agencies that do not rate any securities issued in connection with any Securitization of Note A.

 

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

 

“Recovered Costs”
shall mean any amounts referred to in clauses (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”
shall mean any of the Note A Relative Spread or Note B Relative Spread, as the context may require.

 

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

 

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

 

“Required Special
Servicer Rating” shall mean with respect to a special servicer (i) in the case of Fitch, a rating of either “CSS3”
or “CLLSS3”, (ii) in the case of S&P, such special servicer is on S&P’s Select Servicer List as a U.S.
Commercial Mortgage Special Servicer, (iii) in the case of Moody’s, such special servicer is acting as special servicer for
one or more loans included in a commercial mortgage-backed 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-backed 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,

    17 

     

    

 

Morningstar,
Fitch, DBRS or KBRA and the trustee does not have actual knowledge that Morningstar has, and the replacement special servicer certifies
that Morningstar has not, with respect to any such other CMBS transaction, qualified, downgraded or withdrawn its rating or ratings
on one or more classes of such CMBS transaction citing servicing concerns of the applicable replacement as the sole or material
factor in such rating action, (v) in the case of KBRA, KBRA has not cited servicing concerns of such special servicer as the sole
or material factor in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status” in
contemplation of a ratings downgrade or withdrawal) of securities in a transaction serviced by such special servicer prior to the
time of determination, and (vi) in the case of DBRS, such special servicer is currently acting as special servicer for one or more
loans included in a commercial mortgage loan securitization that is rated by DBRS, and DBRS has not downgraded or withdrawn the
then-current rating on any class of commercial mortgage-backed securities or placed any class of commercial mortgage-backed securities
on watch citing the continuation of such special servicer as the sole or material factor in any qualification, downgrade or withdrawal
of the ratings (or placement on “watch status” in contemplation of a ratings downgrade or withdrawal) of securities
in a transaction serviced by such special servicer prior to the time of determination.

 

“Restricted
Mezzanine Holder”: A holder of a related mezzanine loan (a) that has been accelerated or as to which the mezzanine lender
has initiated foreclosure or enforcement proceedings against the equity collateral pledged to secure such mezzanine loan or (b)
as to which an Event of Default has occurred giving rise to an automatic acceleration of such mezzanine loan or the right of the
lender thereunder to accelerate such mezzanine loan.

 

“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. § 244), as such rule may be amended from time to time, and subject
to such clarification and interpretation as have been provided by the Office of the Comptroller of the Currency, the Board of Governors
of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the Commission and
the Department of Housing and Urban Development in the adopting release (79 Fed. Reg. 77601 et seq.) or by the staff of any such
agency, or as may be provided by any such agency or its staff from time to time, in each case, as effective from time to time as
of the applicable compliance date specified therein.

 

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

 

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

 

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

 

    18 

     

    

 

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

 

“Securitization
Trust” shall mean a trust formed pursuant to a Securitization pursuant to which Note A 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 has notice or knowledge of such event at least ten (10) Business Days
prior to the applicable distribution date, distributions will be made sequentially beginning on the subsequent distribution date;
provided, further, that the aforementioned requirement of notice or knowledge will not apply in the case of distribution
of the final proceeds of a liquidation or final disposition of the Mortgage Loan. A Sequential Pay Event shall no longer exist
to the extent it has been cured (including any cure payment made by the Note B Holder in accordance with Section 11) and
shall not be deemed to exist to the extent the Note B Holder is exercising its cure rights under Section 11 or the default
that led to the occurrence of such Sequential Pay Event has otherwise been cured or waived.

 

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

 

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

 

“Servicing Agreement”
shall mean the Lead Securitization Servicing Agreement; provided that in the event that the Lead Securitization Note is
no longer an asset of the trust fund created pursuant to the Lead Securitization Servicing Agreement, the “Servicing Agreement”
shall be determined in accordance with Section 2(f).

 

“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 Lead Securitization Servicing Agreement and this Agreement.

 

    19 

     

    

 

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

 

“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 Securitization Servicing Agreement.

 

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

 

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

 

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

 

Section 2.     Servicing.  (a)       Each
Noteholder acknowledges and agrees that, subject to this Agreement, the Mortgage Loan shall be serviced pursuant to this Agreement
and (i) prior to the Lead Securitization Date, under interim servicing arrangements as directed by the Note A Holder and (ii)
after the Lead Securitization Date, the Servicing Agreement; provided that the Master Servicer shall not be obligated to
advance monthly payments of principal or interest in respect of the Notes other than the Lead Securitization Note if such principal
or interest is not paid by the Mortgage Loan Borrower but shall be obligated to advance delinquent real estate taxes, insurance
premiums and other expenses related to the maintenance of the Mortgaged Property and maintenance and enforcement of the lien of
the Mortgage thereon, subject to the terms of the

 

    20 

     

    

 

 Servicing Agreement (including a determination of recoverability thereunder). Each Noteholder
acknowledges that another Noteholder (including, in particular, the 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, the terms of the Mortgage
Loan Documents, the Servicing Agreement and applicable law, and shall not take any action or refrain from taking any action or
follow any direction inconsistent with the foregoing.

 

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

 

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

 

The Master Servicer shall
be the lead master servicer on the Mortgage Loan, and from time to time it (or the Trustee, to the extent provided in the Lead
Securitization Servicing Agreement) (i) shall be required to make Property Protection Advances with respect to the Mortgage Loan,
subject to the terms of the Lead Securitization Servicing Agreement and this Agreement, and (ii) may be required to make P&I
Advances on the Lead Securitization Note, if and to the extent provided in the Lead Securitization Servicing Agreement and this
Agreement. The Master Servicer, the Special Servicer and the Trustee, as applicable, will be entitled to reimbursement for a Property
Protection Advance, first from funds on deposit in each of the Collection Account and the Companion Distribution Account that (in
any case) represent

 

    21 

     

    

 

amounts received on or in respect of the Mortgage Loan in the manner provided in the Lead Securitization Servicing
Agreement, and then, in the case of Nonrecoverable Property Protection Advances, if such funds on deposit in the Collection Account
and Companion Distribution Account are insufficient, from general collections of the Lead Securitization as provided in the Lead
Securitization Servicing Agreement. The Master Servicer, the Special Servicer and the Trustee, as applicable, will be entitled
to reimbursement for Advance Interest Amounts on a Property Protection Advance or a Nonrecoverable Property Protection Advance,
in the manner and from the sources provided in the Lead Securitization Servicing Agreement, including from general collections
of the Lead Securitization. The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled to make
their own recoverability determination with respect to a P&I Advance to be made on the Lead Securitization Note based on the
information that they have on hand and in accordance with the Lead Securitization Servicing Agreement.

 

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

 

(i)        any
payments received on the Mortgage Loan shall be paid by the Master Servicer to each of the Noteholders on the “master servicer
remittance date” under the Servicing Agreement;

 

(ii)       the
Note B Holder 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 the Note B Holder may reasonably request
and would be customarily in the possession of, or collected or known by, the Master Servicer or the Special Servicer of mortgage
loans similar to the Mortgage Loan and, in any event, all information that is required to be provided to holders of the securities
issued by the Lead Securitization Trust but not limited to standard CREFC® reports and Asset Status Reports, provided
that if an interest in the Note B Holder or Note B is held by a Borrower Party Affiliate, 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;

 

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

 

(iv)      the
Servicing Agreement may not be amended without the consent of the Note B Holder if such amendment would be materially adverse to
the Note B Holder or would materially adversely affect the Mortgage Loan or the Note B Holder’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
the Note B Holder;

 

(v)       the
Special Servicer selected by the Controlling Noteholder shall be named as the Special Servicer for the Mortgage Loan by the closing
of the Note A Securitization; provided, however, that such Special Servicer has the Required Special

 

    22 

     

    

 

Servicer Rating
of, or otherwise be acceptable to, each of the Rating Agencies rating the Lead Securitization;

 

(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 Noteholders in accordance with the terms and provisions
of this Agreement, the Lead Securitization Servicing Agreement and the Servicing Standard; and

 

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

 

(e)       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.

 

(f)       At
any time after the Securitization Date that the Lead Securitization Note is no longer subject to the provisions of the Servicing
Agreement, the Lead Securitization Noteholder shall cause the Mortgage Loan to be serviced pursuant to a servicing agreement that
contains servicing provisions which are the same as or more favorable to the Note B Holder, in substance, to those in the Servicing
Agreement and all references herein to the “Servicing Agreement” shall mean such subsequent servicing agreement; provided,
however, , that until a replacement servicing agreement has been entered into, the Lead Securitization Noteholder shall
cause the Mortgage Loan to be serviced in accordance with the servicing provisions set forth in the Servicing Agreement as if such
agreement was still in full force and effect with respect to the Mortgage Loan; provided, however, that the Servicer
under such replacement Servicing Agreement shall have no further obligations to advance monthly payments of principal and interest;
provided, further, however, that until a replacement servicing agreement is in place, the actual servicing
of the Mortgage Loan may be performed by any nationally recognized commercial mortgage loan servicer meeting the requirements of
the Servicing Agreement appointed by the Lead Securitization Noteholder and the special servicer appointed by the Controlling Noteholder
and does not have to be performed by the service providers set forth under the Servicing Agreement.

 

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

 

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

 

    23 

     

    

 

If no Sequential Pay Event shall have occurred and be continuing, all amounts tendered
by the Mortgage Loan Borrower or otherwise available for payment on or with respect to or in connection with the Mortgage Loan
or the Mortgaged Property or amounts realized as proceeds thereof, whether received in the form of Monthly Payments, the Balloon
Payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit or other collateral or instrument securing the Mortgage
Loan or Insurance and Condemnation Proceeds (other than proceeds, awards or settlements that are required to be applied to the
restoration or repair of the Mortgaged Property or released to the Mortgage Loan Borrower in accordance with the terms of the Mortgage
Loan Documents, to the extent permitted by the REMIC Provisions), but excluding (x) all amounts for required reserves or escrows
required by the Mortgage Loan Documents (to the extent, in accordance with the terms of the Mortgage Loan Documents) to be held
as reserves or escrows or received as reimbursements on account of recoveries in respect of Advances then due and payable or reimbursable
to the Servicer under the Servicing Agreement and (y) all amounts that are then due, payable or reimbursable to any Servicer (excluding
master servicing fees, trustee fees, certificate administrator fees, operating advisor fees and asset representations reviewer
fees, all of which shall be payable by the Note A Holder to such parties out of distributions made to them in respect of Note A),
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 the Note A Holder in an amount equal to the accrued and unpaid interest on the Note A Principal Balance at the Net Note A Rate;

 

(b)       second,
to the Note A Holder, in an amount equal to the Note A Percentage Interest of principal payments received, if any, with respect
to such Monthly Payment Date with respect to the Mortgage Loan, until Note A Principal Balance has been reduced to zero; provided,
that with respect to any (i) Insurance Proceeds or Condemnation Proceeds allocated as principal on the Mortgage Loan and payable
to the Noteholders pursuant to this Section 3 or (ii) principal payments received after the Anticipated Repayment Date,
100% of such Insurance Proceeds and Condemnation Proceeds and such principal payments shall be distributed to the Note A Holder
until the Note A Principal Balance has been reduced to zero;

 

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

 

    24 

     

    

 

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

 

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

 

(g)       seventh,
to the Note B Holder, in an amount equal to the Note B Percentage Interest of principal payments received, if any, with respect
to such Monthly Payment Date with respect to the Mortgage Loan, until Note B Principal Balance has been reduced to zero; provided,
that with respect to any (i) Insurance Proceeds or Condemnation Proceeds allocated as principal on the Mortgage Loan and payable
to the Noteholders pursuant to this Section 3 or (ii) principal payments received after the Anticipated Repayment Date,
100% of such Insurance Proceeds and Condemnation Proceeds and such principal payments remaining after distribution to Note A pursuant
to Section 3(b) above shall be distributed to the Note B Holder until the Note B Principal Balance has been reduced to zero;

 

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

 

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

 

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

 

(k)       eleventh,
to the extent assumption or transfer fees actually paid by the Mortgage Loan Borrower are not required to be otherwise applied
under the Servicing Agreement, including, without limitation, to provide reimbursement for interest on any Advances, to pay any
Additional Servicing Expenses or to compensate a Servicer (in each case provided that such reimbursements or payments relate to
the Mortgage Loan), any such assumption or transfer fees, to the extent actually paid by the Mortgage Loan Borrower, shall be paid
pro rata to the Note A Holder and the Note B Holder in accordance with the Note A Percentage Interest and the Note B Percentage
Interest, respectively;

 

(l)       twelfth,
first, to the Note A Holder in an amount equal to the accrued and unpaid Accrued Interest on the Note A Principal Balance, and
then, to the Note B Holder in an amount equal to the accrued and unpaid Accrued Interest on the Note B Principal Balance; and

 

(m)          thirteenth,
if any excess amount, including, without limitation, any Default Interest, is available to be distributed in respect of the Mortgage
Loan, and not otherwise applied in accordance with the foregoing clauses (a)-(l), any remaining amount shall be paid pro rata
to

 

    25 

     

    

 

the Note A Holder and the Note B Holder in accordance with the initial Note A Percentage Interest and the initial Note B Percentage
Interest, respectively.

 

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

 

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

 

(b)       second,
to the Note A Holder, until the Note A Principal Balance has been reduced to zero;

 

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

 

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

 

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

 

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

    26 

     

    

 

and to the Note B Holder in the amount of any other unreimbursed reasonable out-of-pocket
costs and expenses paid by the Note B Holder, in each case to the extent reimbursable by, but not previously reimbursed by, the
Mortgage Loan Borrower;

 

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

 

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

 

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

 

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

 

(k)       eleventh,
to the extent assumption or transfer fees actually paid by the Mortgage Loan Borrower are not required to be otherwise applied
under the Servicing Agreement, including, without limitation, to provide reimbursement for interest on any Advances, to pay any
Additional Servicing Expenses or to compensate a Servicer (in each case provided that such reimbursements or payments relate to
the Mortgage Loan), any such assumption or transfer fees, to the extent actually paid by the Mortgage Loan Borrower, shall be paid
to the Note A Holder and the Note B Holder in accordance with the Note A Percentage Interest and the Note B Percentage Interest,
respectively;

 

(l)       twelfth,
first, to the Note A Holder in an amount equal to the accrued and unpaid Accrued Interest on the Note A Principal Balance, and
then, to the Note B Holder in an amount equal to the accrued and unpaid Accrued Interest on the Note B Principal Balance; and

 

(m)       thirteenth,
if any excess amount, including, without limitation, any Default Interest, is available to be distributed in respect of the Mortgage
Loan, and not otherwise applied in accordance with the foregoing clauses (a)-(l), any remaining amount shall be paid pro rata
to the Note A Holder and the Note B Holder in accordance with the initial Note A Percentage Interest and the initial Note B Percentage
Interest, respectively.

 

Section 5.     Administration
of the Mortgage Loan.

 

(a)       Subject
to this Agreement (including, without limitation, Section 5(f) below) and the Servicing Agreement and consistent with the
Servicing Standard, the Lead Securitization Noteholder (or any Servicer acting on behalf of the Lead Securitization Noteholder)
shall have the sole and exclusive authority with respect to the administration of, and exercise of rights and remedies with respect
to, the Mortgage Loan, including, without limitation, the sole authority to modify or waive any of the terms of the Mortgage Loan
Documents or consent to any action or

 

    27 

     

    

 

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

 

(b)       The
administration of the Mortgage Loan shall be governed by this Agreement and the Servicing Agreement. Each Noteholder agrees to
be bound by the terms of this Agreement and the Servicing Agreement. The Servicers shall service the Mortgage Loan in accordance
with the terms of this Agreement, including without limitation, the rights of the Note B Holder set forth in Section 5(f)
below and consistent with the Servicing Standard. Servicing of the Mortgage Loan shall be carried out by the Master Servicer and,
if the Mortgage Loan is a Specially Serviced 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 Securitization Noteholder Holder shall cause the Master Servicer and the Special Servicer to service and administer
the Mortgage Loan in accordance with the Servicing Standard, taking into account the interests of each of the Noteholders as a
collective whole (it being understood that the interests of the Note B Holder are subordinate to Note A, subject to the terms and
conditions of this Agreement, including without limitation the rights of the Controlling Noteholder), and the Note B Holder, so
long as it is not a Borrower Party, shall be deemed a third party beneficiary of such provisions of the Servicing Agreement. The
foregoing provisions of this Section 5(b) shall not limit or modify the rights of the Controlling Noteholder and/or the
Controlling Noteholder Representative to exercise their respective rights specifically set forth under this Agreement.

 

(c)       Notwithstanding
anything to the contrary contained herein, but subject to the terms and conditions of the Servicing Agreement and this Agreement
(including, without limitation, Sections 5(f) and 6), if the Servicer in connection with a Workout of the Mortgage
Loan modifies the terms thereof in accordance herewith such that (i) the unpaid principal balance of the Mortgage Loan is decreased,
(ii) the Mortgage Loan Rate or scheduled amortization payments on such Mortgage Loan are reduced, (iii) payments of interest or
principal on such Mortgage Loan are waived, reduced or deferred or (iv) any other adjustment (other than an increase in the Mortgage
Loan Rate or increase in scheduled amortization payments) is made to any of the terms of the Mortgage Loan, all payments to the
Note A Holder and the Note B Holder pursuant to Section 3 and Section 4, as applicable, shall be made as though such
Workout

 

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did not occur, with the payment terms of Note A remaining the same as they are on the date hereof, the full economic effect
of all waivers, reductions or deferrals of amounts due on the Mortgage Loan attributable to such Workout shall be borne, first,
by the Note B Holder, and then, by the Note A Holder, in that order, in each case up to the amount otherwise due on such
Notes. Subject to the Servicing Agreement and this Agreement (including without limitation Sections 5(f) and (6)),
in the case of any modification or amendment described above, the Lead Securitization Noteholder (or the Servicer on its behalf)
will have the sole authority and ability to revise the payment provisions set forth in Section 3 and Section 4 above
in a manner that reflects the subordination of Note B to Note A with respect to the loss that is the result of such amendment or
modification, including: (i) the ability to increase the Note A Percentage Interest and to reduce the Note B Percentage Interest,
as applicable, in a manner that reflects a loss in principal as a result of such amendment or modification and (ii) the ability
to change the Note A Rate and the Note B Rate, as applicable, in order to reflect a reduction in the Mortgage Loan Rate of the
Mortgage Loan but shall not be permitted to change the order of the clauses set forth in Sections 3 and 4 hereof.
Notwithstanding the foregoing, if any Workout, modification or amendment of the Mortgage Loan extends the original maturity date
of the Mortgage Loan, for purposes of this paragraph, the Balloon Payment will be deemed not to be due on the original maturity
date of the Mortgage Loan but will be deemed due on the extended maturity date of the Mortgage Loan.

 

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

 

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

 

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

 

(f)     (i)     Subject
to clauses (ii) or (iii) below, if any consent, modification, amendment or waiver under or other action in respect of the Mortgage
Loan (whether or not a Servicing Transfer Event has occurred and is continuing) that would constitute a Major Decision has been
requested or proposed or any fact or circumstance has occurred requiring that a Major Decision be made, or if the Servicer or Special
Servicer otherwise intends to make a Major Decision, then the Servicer or Special Servicer, as applicable, shall deliver prompt
written notice thereof to the Controlling Noteholder and its Controlling Noteholder Representative, if any, at least ten (10) Business
Days prior to taking action with respect to such Major Decision (or making a determination not to take action with respect to such
Major Decision), and none of the Servicer, the Special Servicer or any other Person shall implement any decision with respect to
such Major Decision (or make a determination not to take action with respect to such Major Decision) unless and until the Servicer
or the Special Servicer, as applicable, has received the written consent of the Controlling Noteholder (or its Controlling Noteholder
Representative).

 

(ii)       If
the Servicer or Special Servicer, as applicable, has not received a response from the Controlling Noteholder (or its Controlling
Noteholder Representative) with respect to such Major Decision within five (5) Business Days after delivery of the notice of such
Major Decision, the Lead Securitization Noteholder (or the Special Servicer acting on its behalf) shall deliver an additional copy
of the notice of such Major Decision in all caps bold 14-point font: “This is a Second
Notice. Failure to respond within five (5) Business Days of this Second Notice will result in a loss of your right to consent with
respect to this decision,” and if the Controlling Noteholder fails to respond to the Lead Securitization Noteholder
(or the Special Servicer acting on its behalf) with respect to any such proposed action within five (5) Business Days after receipt
of such second notice, the Controlling Noteholder shall have no further consent rights with respect to such action (provided, however,
that such failure to reply shall not affect the rights of the Controlling Noteholder to consent to any future actions). Notwithstanding
the foregoing, or if a failure to take any such action at such time would be inconsistent with the Servicing Standard, the Servicer
may take actions with respect to such Mortgaged Property before obtaining the consent of the Controlling Noteholder (or its Controlling
Noteholder Representative) if the Servicer reasonably determines in accordance with the Servicing Standard that failure to take
such actions prior to such consent would materially and adversely affect the interest of the Noteholders as a collective whole,
and the Servicer has made a reasonable effort to contact the Controlling Noteholder. The foregoing shall not relieve the Lead Securitization
Noteholder (or a Servicer acting on its behalf) of its duties to comply with the Servicing Standard.

 

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

 

The Noteholders acknowledge
that the Lead Securitization Servicing Agreement may contain certain provisions that give the Lead 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
Note B Holder shall be entitled to avoid a Control Appraisal Period caused by application of an Appraisal Reduction Amount upon
satisfaction of the following (which must be completed within forty-five (45) days of receipt of a third party Appraisal ordered
by the Master Servicer or the Special Servicer that indicates such Control Appraisal Period has occurred (which such Appraisal
the Special Servicer will be required to deliver to the Note B Holder within two Business Days of receipt by the Special Servicer
of such third party Appraisal) together with the Master Servicer’s calculation of the Appraisal Reduction Amount applicable
to Note B): (i) the Note B Holder shall have delivered Threshold Event Collateral as a supplement to the appraised value of the
Mortgaged Property, in the amount specified in clause (ii) below, to the Servicer, together with documentation acceptable to the
Servicer in accordance with the Servicing Standard to create and perfect a first priority security interest in favor of the Servicer
on behalf of the Lead Securitization Noteholder in (a) cash collateral for the benefit of, and acceptable to, the Servicer or (b)
an unconditional and irrevocable standby letter of credit with the Lead Securitization Noteholder (or after the closing of the
Lead Securitization, the Servicer or such other party as provided under the Servicing Agreement) as the beneficiary, issued by
a bank or other financial institutions the long term unsecured debt obligations of which are rated at least “AA” by
S&P, “A” by Fitch and “Aa2” by Moody’s or the short term obligations of which are rated at least
“A-1+” by S&P, “F-1” by Fitch and “P-1” by Moody’s, in each case ignoring any of
the foregoing ratings requirements with respect to any rating agency that is not one of the Rating Agencies (either (a) or (b),
the “Threshold Event Collateral”), and (ii) the Threshold Event Collateral shall be in an amount which, when
added to the appraised value of the Mortgaged Property as determined pursuant to the Servicing Agreement, would cause the applicable
Control Appraisal Period not to occur. If the requirements of this paragraph are satisfied by the Note B Holder (a “Threshold
Event Cure”), no Control Appraisal Period caused by application of an Appraisal Reduction Amount shall be deemed to have
occurred with respect to the Note B Holder. If a letter of credit is furnished as Threshold Event Collateral, the Note B Holder
shall be required to renew such letter of credit not later than thirty (30) days prior to expiration thereof or to replace such
letter of credit with a substitute letter of credit or other Threshold Event Collateral with an expiration date that is greater
than forty-five (45) days from the date of substitution; provided, however, that, if a letter of credit is not renewed
prior to thirty (30) days prior to the expiration date of such letter of credit, the letter of credit shall provide that

 

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the Servicer
may (and at the direction of the applicable Controlling Noteholder, shall) draw upon such letter of credit and hold the proceeds
thereof as Threshold Event Collateral. If a letter of credit is furnished as Threshold Event Collateral, the Note B Holder shall
be required to replace such letter of credit with other Threshold Event Collateral within 30 days if the credit ratings of the
issuing entity are downgraded below the required ratings; provided, however, that, if such Threshold Event Collateral
is not so replaced, the Servicer shall draw upon such letter of credit and hold the proceeds thereof as Threshold Event Collateral.
The Threshold Event Cure shall continue until (i) the appraised value of the Mortgaged Property plus the value of the Threshold
Event Collateral would not be sufficient to prevent the applicable Control Appraisal Period from occurring; (ii) the occurrence
of a Final Recovery Determination or (iii) the return of the Threshold Event Collateral pursuant to the following sentence. If
the appraised value of the Mortgaged Property, upon any redetermination thereof, is sufficient to avoid the occurrence of a Control
Appraisal Period without taking into consideration any, or some portion of, Threshold Event Collateral previously delivered by
the Note B Holder, any or such portion of Threshold Event Collateral held by the Servicer shall promptly be returned to the Note
B Holder (at its sole expense). Upon a Final Recovery Determination with respect to the Mortgage Loan, such Threshold Event Collateral
shall be available to reimburse each Noteholder for any realized loss pursuant to Sections 3 or 4, as applicable,
with respect to the Mortgage Loan after application of the net proceeds of liquidation, not in excess of the Note A Principal Balance
and the Note B Principal Balance, as the case may be, plus accrued and unpaid interest thereon at the applicable interest rate
and all other Additional Servicing Expenses reimbursable under this Agreement and under the Servicing Agreement. Any Threshold
Event Collateral shall be treated as an “outside reserve fund” for purposes of the REMIC Provisions and such property
(and the right to reimbursement of any amounts with respect thereto from a REMIC) shall be beneficially owned by the posting Note
B Holder who shall be taxed on all income with respect thereto. The entire amount of Threshold Event Collateral, without a haircut
or other reduction, shall be considered in determining the sufficiency of such Threshold Event Collateral to avoid a Control Appraisal
Period.

 

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

 

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

 

(j)       Notwithstanding
anything to the contrary contained herein or in the Servicing Agreement, if at any time a Borrower Party is a Noteholder (a “Borrower
Party Noteholder”), then (i) such Borrower Party Noteholder shall not have any rights as a Controlling Noteholder or
a Controlling Class Representative, (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

 

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words of similar import), such consideration shall be given to the Borrower Party Noteholder
only in its capacity as a holder of the applicable Note.

 

(k)       If
an Event of Default under the Mortgage Loan has occurred and is continuing, the Special Servicer may, in accordance with the terms
and provisions of the Servicing Agreement and subject to the Servicing Standard, elect to sell (1) the Mortgage Loan, with the
consent of the Note B Holder, in which case such sale would include each of Note A and Note B or (2) Note A.

 

Section 6.     Appointment
of Controlling Noteholder Representative.

 

(a)       The
Controlling Noteholder shall have the right at any time to appoint a controlling noteholder representative to exercise its rights
hereunder (the “Controlling Noteholder Representative”). The Controlling Noteholder shall have the right in
its sole discretion at any time and from time to time to remove and replace the Controlling Noteholder Representative. When exercising
its various rights under Section 5 and elsewhere in this Agreement, the Controlling Noteholder may, at its option, in each
case, act through the Controlling Noteholder Representative. The Controlling Noteholder Representative may be any Person (other
than any Borrower Party), including, without limitation, the Controlling Noteholder, any officer or employee of the Controlling
Noteholder, any Affiliate of the Controlling Noteholder or any other unrelated third party. No such Controlling Noteholder Representative
shall owe any fiduciary duty or other duty to any other Person (other than the Controlling Noteholder). All actions that are permitted
to be taken by the Controlling Noteholder under this Agreement may be taken by the Controlling Noteholder Representative acting
on behalf of the Controlling Noteholder and other Noteholders (and any Servicer) will accept such actions of the Controlling Noteholder
Representative as actions of the Controlling Noteholder. The Lead Securitization Noteholder (or any Servicer on its behalf) shall
not be required to recognize any Person as a Controlling Noteholder Representative until the Controlling Noteholder has notified
the Lead Securitization Noteholder (and any Servicer) of such appointment and, if the Controlling Noteholder Representative is
not the same Person as the Controlling Noteholder, the Controlling Noteholder Representative provides the Lead Securitization Noteholder
(and any Servicer) with written confirmation of its acceptance of such appointment, an address, any fax number and any email address
for the delivery of notices and other correspondence and a list of officers or employees of such person with whom the parties to
this Agreement may deal (including their names, titles, work addresses, telephone numbers, any fax numbers and any email addresses).
The Controlling Noteholder shall promptly deliver such information to any Servicer. None of the Servicers, Operating Advisor and
Trustee shall be required to recognize any person as a Controlling Noteholder Representative until they receive such information
from the Controlling Noteholder. The Controlling Noteholder agrees to inform each such Servicer or Trustee of the then-current
Controlling Noteholder Representative.

 

(b)       Neither
the Controlling Noteholder Representative nor the Controlling Noteholder will have any liability to any other Noteholder or any
other Person for any action taken, or for refraining from the taking of any action pursuant to this Agreement or the Servicing
Agreement, or for errors in judgment, absent any loss, liability or expense incurred by reason of its willful misfeasance, bad
faith or gross negligence. The Noteholders agree that the Controlling Noteholder Representative and the Controlling Noteholder
may take or refrain from taking

 

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

 

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

 

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

 

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

 

Section 8.     Payment
Procedure.

 

(a)       The
Lead Securitization Noteholder (or the Master Servicer on its behalf), in accordance with the priorities set forth in Section
3 or 4, as applicable, and subject to the terms of the Servicing Agreement, will deposit or cause to be deposited all
payments allocable to the Notes to the Collection Account or Companion Distribution Account established pursuant to the Servicing
Agreement. The Lead Securitization Noteholder (or the Master Servicer on its behalf) shall establish a segregated sub-account for
amounts due to each Noteholder. The Lead Securitization Noteholder (or the Master Servicer acting on its behalf) shall deposit
such amounts to the applicable account within two (2) Business Days following the Lead Securitization Noteholder’s (or the
Master Servicer’s acting on its behalf) receipt of properly identified and available funds from or on behalf of the Mortgage
Loan Borrower; provided, however, that in the event the Master Servicer is in receipt of properly identified funds
that are not available to the Master Servicer, the Master Servicer may instead deposit such amounts into the Collection Account
and Companion Distribution Account, as applicable, on the same Business Day that such properly identified funds become available
to the Master Servicer.

 

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

 

(c)       If,
for any reason, the Lead Securitization Noteholder (or the Servicer on its behalf) makes any payment to any other Noteholder before
the Lead Securitization Noteholder (or the Servicer on its behalf) has received the corresponding payment (it being understood
that the Lead Securitization Noteholder (or the Servicer on its behalf) is under no obligation to do

 

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so), and the Lead Securitization
Noteholder (or the Servicer on its behalf) does not receive the corresponding payment within three (3) Business Days of its payment
to such other Noteholder, then such other Noteholder will, at the Lead Securitization Noteholder’s (or the Servicer’s
on its behalf) request, promptly return that payment to the Lead Securitization Noteholder (or the Servicer on its behalf).

 

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

 

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

 

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

 

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

 

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

 

Section 11.     Cure
Rights of the Note B Holder.

 

(a)  Subject
to Section 11(b) below, in the event that the Mortgage Loan Borrower fails to make any payment of principal or interest
on the Mortgage Loan by the end of the applicable grace period (the “Grace Period”) for such payment permitted
under the applicable Mortgage Loan Documents (a “Monetary Default”), the Lead Securitization Noteholder shall
provide written notice to the Note B Holder and the Controlling Noteholder Representative of such default (the “Monetary
Default Notice”). The Note B Holder shall each have the right, but not the obligation, to cure such Monetary Default
within seven (7) Business Days after receiving the Monetary Default Notice (the “Cure Period”) and at no other
times. The Monetary Default Notice shall contain a statement that the Note B Holder’s or the Controlling Noteholder Representative’s
failure to cure such Monetary Default within seven (7) Business Days after receiving such notice will result in the termination
of the right to cure such Monetary Default. At the time a payment is made by the Note B Holder to cure a Monetary Default, the
Note B Holder shall pay or reimburse the Note A Holder, for all unreimbursed Advances (whether or not recoverable with respect
to any Note), Advance Interest Amounts, any unpaid fees to any Servicer and any Additional Servicing Expenses. The Note B Holder
shall not be required, in

 

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order to effect a cure hereunder, to pay any default interest or late charges under the Mortgage Loan
Documents. So long as a Monetary Default exists for which a cure payment permitted hereunder is made, such Monetary Default shall
not be treated as an Event of Default by the Lead Securitization Noteholder (including for purposes of (i) the definition of “Sequential
Pay Event,” (ii) accelerating the Mortgage Loan, modifying, amending or waiving any provisions of the Mortgage Loan Documents
or commencing proceedings for foreclosure or the taking of title by deed-in-lieu of foreclosure or other similar legal proceedings
with respect to the Mortgaged Property; or (iii) treating the Mortgage Loan as a Specially Serviced Mortgage Loan); provided
that such limitation shall not prevent the Lead Securitization Noteholder from collecting Default Interest or late charges from
the Mortgage Loan Borrower to be applied in accordance with this Agreement. Any amounts advanced by a Noteholder on behalf of the
Mortgage Loan Borrower to effect any cure shall be reimbursable to such Noteholder under Section 3 or Section 4,
as applicable.

 

(b)  Notwithstanding
anything to the contrary contained in Section 11(a), the Note B Holder’s right to cure a Monetary Default or Non-Monetary
Default shall be limited to a combined total of (i) six (6) cures of Monetary Defaults over the term of the Mortgage Loan, no more
than four (4) of which may be consecutive, and (ii) six (6) cures of Non-Monetary Defaults over the term of the Mortgage Loan.
Additional Cure Periods shall only be permitted with the consent of the Lead Securitization Noteholder

 

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

 

(d)  If
an Event of Default (other than a Monetary Default) occurs and is continuing under the Mortgage Loan Documents (a “Non-Monetary
Default”), the Lead Securitization Noteholder shall provide notice of such Non-Monetary Default to the Note B Holder
and the Controlling Noteholder Representative of such Non-Monetary Default (the “Non-Monetary Default Notice”)
and the Note B Holder shall 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 the Note B Holder of the Non-Monetary Default Notice, and (b) the date which is thirty (30) days from
the date of receipt by the Note B Holder of the Non-Monetary Default Notice related to such Non-Monetary Default; provided,
however, if such Non-Monetary Default is susceptible of cure but cannot reasonably be cured within such period and if curative
action was promptly commenced and is being diligently pursued by the Note B Holder, the Note B Holder shall be given an additional
period of time as is reasonably necessary to enable the Note B Holder in the exercise of due diligence to cure such Non-Monetary
Default for so long as (i) the Note B Holder diligently and expeditiously proceed to cure such Non-Monetary Default, (ii) the Note
B Holder makes all cure payments that they are permitted to make in accordance with the terms and provisions of Section 11(a)
hereof, (iii) such additional

 

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period of time does not exceed ninety (90) days, (iv) such Non-Monetary Default is not caused by
an Insolvency Proceeding or during such period of time that the Note B Holder has to cure a Non-Monetary Default in accordance
with this Section 11(d) (the “Non-Monetary Default Cure Period”), an Insolvency Proceeding does not occur,
and (v) during such Non-Monetary Default Cure Period, there is no material adverse effect on the value, use or operation of the
Mortgaged Property taken as whole, which cannot be cured by the Note B Holder within five (5) days of such notice of such material
adverse effect. The Non-Monetary Default Notice shall contain a statement that the Note B Holder’s or the Controlling Noteholder
Representative’s failure to cure such Non-Monetary Default within the applicable Non-Monetary Default Cure Period after receiving
such notice will result in the termination of the right to cure such Non-Monetary Default. The Note B Holder shall not contact
the Mortgage Loan Borrower in order to effect any cures under Section 11(a) or this Section 11(d) without the prior
written consent of the Lead Securitization Noteholder (or the Servicer on its behalf), such consent not to be unreasonably withheld,
conditioned or delayed.

 

Section 12.     Purchase
By the Note B Holder. The Note B Holder shall have the right, by written notice to the Note A Holder (a “Noteholder
Purchase Notice”; the sender(s) of such notice, the “Purchasing Noteholder”; and each recipient of
such notice, a “Selling Noteholder”), delivered at any time an Event of Default under the Mortgage Loan or a
Servicing Transfer Event has occurred and is continuing, to purchase, in immediately available funds, Note A (such Note specified
in the Noteholder Purchase Notice, a “Purchased Note”), in whole but not in part at the applicable Defaulted
Mortgage Loan Purchase Price. For avoidance of doubt, if the Note B Holder elects to send a Noteholder Purchase Notice pursuant
to this Section 12, it must purchase the applicable Purchased Note. 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
at the applicable Defaulted Mortgage Loan Purchase Price, on a date (the “Defaulted Note Purchase Date”) not
less than ten (10) days and not more than sixty (60) days after the date of the Noteholder Purchase Notice, as shall be mutually
established by the Purchasing Noteholder and the Selling Noteholder. The Noteholder Purchase Notice shall contain a statement that
the Purchasing Noteholder’s failure to purchase the Purchased Note on a Defaulted Note Purchase Date (other than as a result
of any failure to consummate such purchase on the part of the Selling Noteholder or as a result of the conditions giving rise to
such purchase ceasing to exist) will result in the termination of such right in respect of the Event of Default that caused such
purchase right to be exercisable and not in respect of any other Event of Default. The Note B Holder agrees that the sale of any
Purchased Notes to it shall comply with all requirements of the Servicing Agreement and that all actual costs and expenses related
thereto shall be paid by the Purchasing Noteholder. The Defaulted Mortgage Loan Purchase Price shall be calculated by the Selling
Noteholder (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 in immediately available funds of the Defaulted
Mortgage Loan Purchase Price, the Selling Noteholder 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 and the Mortgage Loan Documents
without recourse, representations or warranties (except the Selling Noteholder will represent and warrant that it had good and

 

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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). The right of the Note B Holder
to purchase one or more Notes as set forth above in this Section 12 shall automatically terminate upon a foreclosure sale,
sale by power of sale or delivery of a deed in lieu of foreclosure with respect to the Mortgaged Property (and the Lead Securitization
Noteholder shall give the Note B Holder ten (10) Business Days’ prior written notice of its intent with respect to such action
(which such action shall be subject to Section 5 hereof)). Notwithstanding the foregoing sentence, if title to the Mortgaged
Property is transferred to the Lead Securitization Noteholder (or a designee on its behalf), in a manner commonly known as “the
borrower turning over the keys” and not otherwise in connection with a consummation by the Lead Securitization Noteholder
of a foreclosure sale or sale by power of sale or acceptance of a deed in lieu of foreclosure, less than ten (10) Business Days
after the acceleration of the Mortgage Loan, the Lead Securitization Noteholder shall notify the Note B Holder of such transfer
and the Note B Holder shall each have a fifteen (15) Business Day period from the date of such notice from the Lead Securitization
Noteholder to deliver the Noteholder Purchase Notice to the Lead Securitization Noteholder, in which case the Note B Holder shall
be obligated to purchase the Mortgaged Property, in immediately available funds, within such fifteen (15) Business Day period at
the applicable Defaulted Mortgage Loan Purchase Price.

 

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

 

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

 

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

 

Section 14.     Representations
of the Note A Holder. The Note A Holder represents and warrants that the execution, delivery and performance of this
Agreement is within its corporate powers, has been duly authorized by all necessary corporate action, and does not contravene
such 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.
The Note A Holder represents and warrants that it is duly organized, validly existing, in good standing and possession of all
licenses and authorizations necessary to carry on its business. The Note A Holder 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.

 

The Note A Holder 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 the Note B Holder. The Note B Holder acknowledges that it has, independently and without reliance upon the
Initial Note A Holder, except with respect to the representations and warranties provided by the Initial Note A Holder herein
and in any documents or instruments executed and delivered by the Note A Holder in connection herewith (including the representations
and warranties provided in the agreement pursuant to which it acquired Note B), and based on such documents and information as
it has deemed appropriate, made its own credit analysis and decision to purchase Note B and the Note B Holder accepts responsibility
therefor. The Note B Holder hereby acknowledges that, other than the representations and warranties provided herein and in such
other documents or instruments, the Note A Holder has not made any representations or warranties with respect to the Mortgage
Loan, subject to such representations and warranties as provided by the Note A Holder herein and in such other documents and instruments,
and that none of the Note A Holder shall have any responsibility for (i) the collectibility of the Mortgage Loan, (ii) the validity,
enforceability or legal effect of any of the Mortgage Loan Documents or the title insurance policy or policies or any survey furnished
or to be furnished to the Note A Holder in connection

 

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with the origination
of the Mortgage Loan, (iii) the validity, sufficiency or effectiveness of the lien created or to be created by the Mortgage Loan
Documents, or (iv) the financial condition of the Mortgage Loan Borrower. The Note B Holder assumes all risk of loss in connection
with its Note except as specifically set forth herein.

 

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

 

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

 

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

 

Section 19.     Sale
of the Notes.

 

(a)  The
Note B Holder agrees that it will not Transfer all or any portion of its Note except in accordance with this Section 19.
The Note B Holder shall have the right, without the need to obtain the consent of the Note A Holder or any other Person, to Transfer
49% or less (in the aggregate) of its interest in its Note to any Person, provided that any such Transfer shall be made in accordance
with the terms of this Section 19. The Note B Holder shall have the right to Transfer its entire Note or any portion thereof
exceeding 49%, (i) to a Qualified Institutional Lender, provided, that promptly after the Transfer the Note A Holder is provided
with (x) a representation from a transferee or the Note B Holder certifying that such transferee is a Qualified Institutional Lender,
and (y) a copy of the assignment and assumption agreement referred to in Section 20 and provided further, that such transfer
would not cause such Note to be held by more than five persons nor cause there to be no one person owning a majority of such Note
and (ii) to an entity that is not a Qualified Institutional Lender, provided that with respect to

 

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this clause (ii), the Note B
Holder obtains (1) prior to the Lead Securitization Date, the consent of the Lead Securitization Noteholder, such consent not to
be unreasonably withheld, conditioned or delayed, and (2) after the Lead Securitization Date, Rating Agency Confirmation (and for
avoidance of doubt, no consent of the Lead Securitization Noteholder shall be required after the closing of the Lead Securitization);
provided that in each of case (1) and (2), (x) promptly after the Transfer the Note A 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 holders of a majority of the Note B Principal Balance shall immediately appoint a representative
to exercise all rights of the Note B Holder hereunder. Notwithstanding the foregoing, without the Lead Securitization Noteholder’s
prior consent, which may be withheld in the Lead Securitization Noteholder’s sole and absolute discretion, the Note B Holder
shall not Transfer all or any portion of its Note to a Borrower Party and any such Transfer shall be absolutely null and void and
shall vest no rights in the purported transferee. The Note B Holder agrees it will pay the expenses of the Lead Securitization
Noteholder (including all expenses of the Master Servicer and the 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 Holder not later than the date of such Transfer,
and each transferee shall (i) execute an assignment and assumption agreement whereby such transferee assumes all or a ratable portion,
as the case may be, of the obligations of the Note B Holder hereunder with respect to its Note from and after the date of such
assignment (or, in the case, of a pledge, collateral assignment or other encumbrance made in accordance with Section 19(e)
by the Note B Holder of its Note solely as security for a loan to the Note B Holder made by a third-party lender whereby the Note
B Holder remains fully liable under this Agreement, on or before the date on which such third-party lender succeeds to the rights
of the Note B Holder by foreclosure or otherwise, such third-party lender executes an agreement that such lender shall be bound
by the terms and provisions of this Agreement and the obligations of the Note B Holder hereunder) and (ii) agree in writing to
be bound by the Servicing Agreement, unless the Servicing Agreement is not then in effect with respect to the Mortgage Loan, in
which event the parties will enter into or agree to be bound by any replacement servicing agreement therefor in accordance with
the provisions hereof. Upon the consummation of a Transfer of all or any portion of Note B in accordance with this Agreement, the
transferring Person shall be released from all liability arising under this Agreement with respect to Note B (or the portion thereof
that was the subject of such Transfer), for the period after the effective date of such Transfer (it being understood and agreed
that the foregoing release shall not apply in the case of a sale, assignment, transfer or other disposition of a participation
interest in Note B as described in clause (c) below). In connection with any such permitted transfer of a portion of Note B and
for all purposes of this Agreement, the Note A Holder need only recognize the majority holder of the Note B Holder for purposes
of notices, consents and other communications between the Note A Holder and such majority holder of Note B shall be the only Person
authorized hereunder to exercise any rights of the Note B Holder under this Agreement; provided, however, the majority
holder of Note B may from time to time designate any other Person as an additional party entitled to receive notices, consents
and other

 

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communications and/or to exercise rights on behalf of the Note B Holder hereunder by delivering written notice thereof
to the 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 Note B.

 

(d)  The
Note A Holder shall have the right to Transfer all or any portion of its Note without the prior consent of any other Noteholder
(i) prior to an Event of Default, to any party other than a Borrower Party and (ii) after an Event of Default, to any party, including
a Borrower Party; provided, however, that following any Event of Default under the Mortgage Loan, the Note A Holder
may only transfer all or any portion of its Note to a Borrower Party with the prior written consent of the Controlling Noteholder
at any time when such Note A Holder is not the Controlling Noteholder; provided further, however, that following
any Transfer of Note A, the Mortgage Loan continues to be serviced in its entirety pursuant to the Servicing Agreement by a Servicer
unaffiliated with Mortgage Loan Borrower. For the avoidance of doubt, subject to Section 12, no Noteholder or the Servicer
shall have any right to Transfer or cause the Transfer of any other Note.

 

(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 (x) either
a Qualified Institutional Lender or a financial institution whose long-term unsecured debt is rated at least “A” (or
the equivalent) or better by each Rating Agency or (y) to any Federal Reserve Bank or Federal Home Loan Bank to secure any obligation
of such Noteholder to such bank and such pledge shall be enforceable in accordance with the terms thereof (a “Note Pledgee”),
on terms and conditions set forth in this Section 19(e), it being further agreed that a financing provided by a Note Pledgee
to a Noteholder or any person which Controls such Noteholder that is secured by such Noteholder’s interest in the applicable
Note and is structured as a repurchase arrangement, shall qualify as a “Pledge” hereunder, provided that a Note
Pledgee which is not a Qualified Institutional Lender may not take title to the pledged Note without (a) prior to the first Securitization
of any Note, the consent of each other Noteholder and (b) after the closing of the first Securitization of any Note, Rating Agency
Confirmation. Upon written notice by the applicable Noteholder to each other Noteholder and any Servicer that a Pledge has been

 

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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.

 

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

 

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

 

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

 

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

 

(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 the Lead Securitization, the Master Servicer shall automatically become and be the Agent.

 

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Section 21.     Registration
of the Notes. The Agent shall keep or cause to be kept at the Agent Office books (the “Note Register”) for
the registration and transfer of the Notes. The Agent shall serve as the initial Note registrar and the Agent hereby accepts such
appointment. The names and addresses of the holders of the Notes and the names and addresses of any transferee of any Note of which
the Agent has received notice, in the form of a copy of the assignment and assumption agreement referred to in Section 20,
and the principal amounts (and stated interest) of the Note owing to each such Noteholder, shall be registered in the Note Register.
The Person in whose name a Note is so registered shall be deemed and treated as the sole owner and holder thereof for all purposes
of this Agreement, except in the case of the Initial Noteholders who may hold their Notes through a nominee. Upon request of a
Noteholder, the Agent shall provide such party with the names and addresses of the Noteholders. To the extent another party is
appointed as Agent hereunder, the Noteholders hereby designate such person as its agent under this Section 21 solely for
purposes of maintaining the Note Register. The parties intend for the Mortgage Loan to be in registered form for federal income
tax purposes under Section 5f.103-1(c) of the United States Treasury Regulations.

 

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

 

Section 23.     No
Pledge. This Agreement shall not be deemed to represent a pledge of any interest in the Mortgage Loan by the Noteholders. Except
as otherwise provided in this Agreement and the Servicing Agreement, 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 of any sale,
lease or other disposition thereof shall be received, 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.

 

Section 24.     Governing
Law; Waiver of Jury Trial. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT,
THE RELATIONSHIP OF THE PARTIES TO THIS AGREEMENT, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND DUTIES OF THE PARTIES
TO THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS OF THE STATE OF NEW YORK,
WITHOUT REGARD TO THE CHOICE OF LAW RULES THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). EACH OF
THE PARTIES HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING
TO THIS AGREEMENT.

 

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

 

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

 

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

 

(c)  AGREES
THAT SERVICE OF PROCESS IN ANY SUCH ACTION OR PROCEEDING MAY BE EFFECTED BY MAILING A COPY THEREOF BY REGISTERED OR CERTIFIED MAIL
(OR ANY SUBSTANTIALLY SIMILAR FORM OF MAIL), POSTAGE 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. Notwithstanding anything to the contrary, with respect to
any request for an amendment to this Agreement while DB or an affiliate thereof is the Note B Holder, neither the Master Servicer
nor the Special Servicer shall process, review or otherwise investigate or approve such request, but shall execute any such amendment
on behalf of the Securitization Trust at the direction of the Trust Directing Holder (as defined in the Servicing Agreement). The
Master Servicer shall forward any such request to the Trust Directing Holder, and the Trust Directing Holder shall be entitled
to provide consent on behalf of the Securitization Trust as holder of Note A. If the Trust Directing Holder so consents, the Trust
Directing Holder shall instruct the Master Servicer to execute the amendment on behalf of the Securitization Trust, and such amendment
will be deemed to be in compliance with the Servicing Standard. In

 

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addition, any amendment to a provision of this Agreement impacting
the timing, amount or nature of any payments or reimbursements to the Master Servicer, the Special Servicer or any other party
to the Servicing Agreement shall require the consent of such Master Servicer, Special Servicer or party to the Servicing Agreement.

 

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

 

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

 

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

 

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

 

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

 

Section 32.     Withholding
Taxes.

 

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

 

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purposes of assisting the Note B Holder to seek
any allowable credits or deductions for the Taxes so withheld in each jurisdiction in which the Note B Holder is subject to tax.

 

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

 

(c)  Contemporaneously
with the execution of this Agreement, and from time to time as reasonably requested by the Lead Securitization Noteholder or Servicer
during the term of this Agreement, the Note B Holder shall deliver to the Lead Securitization Noteholder or Servicer, as applicable,
evidence satisfactory to the Lead Securitization Noteholder substantiating whether the Note B Holder is a Non-Exempt Person and
whether the Lead Securitization 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 the Note B Holder is not a Non-Exempt Person.
Without limiting the effect of the foregoing, (i) if the Note B Holder (or, if the Note B Holder is disregarded for U.S. federal
income tax purposes, the owner of the Note B Holder) is created or organized under the laws of the United States, any state thereof
or the District of Columbia, it shall satisfy the requirements of the preceding sentence by furnishing to the Lead Securitization
Noteholder an Internal Revenue Service Form W-9 and (ii) if the Note B Holder (or, if the Note B Holder is disregarded for U.S.
federal income tax purposes, the owner of the Note B Holder) is not created or organized under the laws of the United States, any
state thereof or the District of Columbia, and if the payment of interest or other amounts by the Mortgage Loan Borrower is treated
for United States income tax purposes as derived in whole or part from sources within the United States, the Note B Holder shall
satisfy the requirements of the preceding sentence by furnishing to the Lead Securitization Noteholder Internal Revenue Service
Form W-8ECI, Form W-8IMY (with appropriate attachments), Form W-8BEN or Form W-8BEN-E, or applicable successor forms, as may be
required from time to time, duly executed by the Note B Holder; provided that the Note B Holder, without request, shall
deliver a new, appropriately completed Form W-8 if the Note B Holder’s current Form W-8 “expires” or if there
is a “change in circumstances” that makes any of the information on the current Form W-8 incorrect (both within the
meaning of the instructions to such Form W-8). The Lead Securitization Noteholder shall not be obligated to make any payment hereunder
to the Note B Holder in respect of Note B or otherwise until the

 

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Note B Holder shall have furnished to the Lead Securitization
Noteholder the requested forms, certificates, statements or documents.

 

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

 

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

 

All notices and reports
(including, without limitation, Asset Status Reports) required to be delivered hereunder by the Lead Securitization Noteholder
(or any Servicer on its behalf) to the Controlling Noteholder (or its Controlling Noteholder Representative), or by the Controlling
Noteholder (or its Controlling Noteholder Representative) to the Lead Securitization Noteholder (or any Servicer on its behalf),
shall also be delivered by the applicable party to each other Noteholder (including to the Note B Holder regardless of whether
a Control Appraisal Period is continuing).

 

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

 

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;

 

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

 

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

 

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

 

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

 

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

 

The Agent may resign
at any time upon notice, so long as a successor Agent, reasonably satisfactory to the Noteholders, has agreed to be bound by this
Agreement and perform the duties of the Agent hereunder. DB, as Initial Agent, may transfer its rights and obligations to a Servicer,
as successor Agent, at any time without the consent of any Noteholder. DB, as Initial Agent, shall promptly and diligently attempt
to cause such Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity, shall promptly and diligently
attempt to cause a similar servicer to act as successor Agent. Notwithstanding the foregoing, the Noteholders hereby agree that,
simultaneously with the closing of the Lead Securitization, the 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)(y) below, that if the 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

 

    52

     

    

 

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 Note A, the related Noteholder may allocate its rights hereunder among the New Notes in any manner in its
sole discretion.

 

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

 

Section 40.     Cooperation
in Securitization.

 

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

 

    53

     

    

 

(b)  The
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, the Note A Holder acknowledges and agrees that (i) no other Noteholder shall be required to incur
any out-of-pocket expenses in connection with its Securitizations of Note A, 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]

 

    54

     

    

 

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

 

	 	INITIAL NOTE A HOLDER AND INITIAL
    AGENT:
	 	 	 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH
	 	 	 
	 	By: 	/s/
    Natalie Grainger 
	 	 	Name: Natalie Grainger
	 	 	Title: Director
	 	 	 
	 	By: 	/s/
    Matt Smith 
	 	 	Name: Matt Smith
	 	 	Title: Director

 

 

 

COMM
2018-COR3: 1001 NORTH SHORELINE CO-LENDER AGREEMENT

 

     

     

    

 

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

 

 

COMM
2018-COR3: 1001 NORTH SHORELINE CO-LENDER AGREEMENT

 

     

     

    

 

EXHIBIT A

MORTGAGE LOAN SCHEDULE

 

A.       Description of
Mortgage Loan:

 

	Mortgage Loan:	Loan Agreement, dated as of March 15, 2018 (as amended, restated, replaced, supplemented or otherwise modified from time to time), between Deutsche Bank AG, New York Branch (together with its successors and assigns, “Lender”), and LH Shoreline LP, as borrower (“Borrower”)
	Date of the Mortgage Loan:	March 15, 2018
	Date of Note A:	March 15, 2018
	Date of Note B:	March 15, 2018
	Initial Principal Amount of Mortgage Loan:	$110,500,000.00
	Location of Mortgaged Property:	1001 North Shoreline Boulevard, Mountain View, CA 95051
	Anticipated Repayment Date:	April 6, 2028
	Stated Maturity Date:	April 6, 2030

 

B.        Description of
Note Interests:

 

	Initial Note A Principal Balance:	$64,450,000
	Initial Note B Principal Balance:	$46,050,000
	Initial Note A Percentage Interest:	58.33%
	Initial Note B Percentage Interest:	41.67%
	Note A Rate:	3.464880%
	Note B Rate:	5.500000%

 

    A-1

     

    

 

EXHIBIT B

 

Initial Note A Holder, Initial Agent and Initial Note B Holder:

 

Deutsche Bank AG, New York Branch

60 Wall Street, 10th Floor

New York, New York 10005

Attention: Robert W. Pettinato, Jr.

Facsimile No.: (212) 797-4489

E-mail: Robert.Pettinato@db.com

 

with a copy to:

 

Deutsche Bank AG, New York Branch

60 Wall Street, 10th Floor

New York, New York 10005

Attention: General Counsel

Facsimile No. (646) 736-5721

 

with a copy to:

 

Cadwalader, Wickersham & Taft LLP

200 Liberty Street

New York, NY 10281

Attention: Robert Kim

E-mail: Robert.Kim@cwt.com

 

    B-1

     

    

 

EXHIBIT C

 

PERMITTED FUND MANAGERS

 

		1.	Alliance Bernstein

		2.	Annaly Capital Management

		3.	Apollo Real Estate Advisors

		4.	Archon Capital, L.P.

		5.	BlackRock, Inc.

		6.	Clarion Partners

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

		8.	Dune Real Estate Partners

		9.	Eightfold Real Estate Capital, L.P.

		10.	Fortress Investment Group, LLC

		11.	Garrison Investment Group

		12.	Goldman, Sachs & Co.

		13.	H/2 Capital Partners LLC

		14.	iStar Financial Inc.

		15.	J.P. Morgan Investment Management Inc.

		16.	LoanCore Capital

		17.	Lone Star Funds

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

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

		20.	Praedium Group

		21.	Rialto Capital Management, LLC

		22.	Rialto Capital Advisors LLC

		23.	Rockpoint Group

		24.	Rockwood

		25.	RREEF Funds

		26.	Square Mile Capital Management

		27.	Starwood Capital Group/Starwood Financial Trust

		28.	Teachers Insurance and Annuity Association of America

		29.	The Blackstone Group

		30.	The Carlyle Group

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

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

 

    C-1

     

    

 

EXHIBIT D

 

PORTFOLIO INTEREST CERTIFICATION

 

Reference is hereby made
to the Agreement Between Noteholders, dated as of May 21, 2018 (as amended, supplemented or otherwise modified from time to time,
the “Agreement”), by and between Deutsche Bank AG, New York Branch, and each lender from time to time 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[  ]

 

    D-1Exhibit 4.5

 

EXECUTION
VERSION

	 

 

315
W 36th Street

 

Dated
as of April 10, 2018

 

between

 

DEUTSCHE
BANK AG, NEW YORK BRANCH 

(Note
A-1 Holder)

 

and

 

DEUTSCHE
BANK AG, NEW YORK BRANCH

(Note
A-2 Holder)

 

and

 

DEUTSCHE
BANK AG, NEW YORK BRANCH

(Note
A-3 Holder) 

	 

 

     

     

    

 

TABLE
OF CONTENTS

 

	 	 	Page
	 	 	 
	1.	Definitions; Conflicts	2
	2.	Servicing of the Mortgage Loan	13
	3.	Priority of  Notes	14
	4.	Workout	15
	5.	Accounts; Payment Procedure	15
	6.	Limitation on Liability	16
	7.	Representations of the Holders	16
	8.	Independent Analyses of each Holder	17
	9.	No Creation of a Partnership or Exclusive Purchase Right	17
	10.	Not a Security	18
	11.	Other Business Activities of the Holders	18
	12.	Transfer of Notes	18
	13.	Exercise of Remedies by the Servicer	20
	14.	Rights of the Directing Holder	22
	15.	Appointment of Special Servicer	23
	16.	Rights of the Non-Directing Holders	24
	17.	Advances; Reimbursement of Advances	25
	18.	Provisions Relating to Securitization	26
	19.	Governing Law; Waiver of Jury Trial	31
	20.	Modifications	31
	21.	Successors and Assigns; Third Party Beneficiaries	31
	22.	Counterparts	32
	23.	Captions	32
	24.	Notices	32
	25.	Custody of Mortgage Loan Documents	32

 

     -i-

     

    

 

THIS
CO-LENDER AGREEMENT (the “Agreement”), dated as of April 10, 2018, is between DEUTSCHE BANK AG, NEW YORK
BRANCH (“DBNY”), a branch of Deutsche Bank AG, a German Bank, having an address at 60 Wall Street, 10th
Floor, New York, New York 10005, as the holder of Note A-1, Note A-2 and Note A-3.

 

W
I T N E S S E T H:

 

WHEREAS,
DBNY has made a mortgage loan in the original principal amount of $77,000,000 (the “Mortgage Loan”) to Walsam
36 Delaware LLC, a Delaware limited liability company (the “Borrower”) pursuant to a loan agreement between
the Borrower, as borrower, and DBNY, as lender, dated as of February 9, 2018 (the “Loan Agreement”);

 

WHEREAS,
the Mortgage Loan is evidenced by three notes, Promissory Note A-1 in the original principal amount of $42,000,000, Promissory
Note A-2 in the original principal amount of $30,000,000 and Promissory Note A-3 in the original principal amount of $5,000,000
(individually, each, a “Note” and collectively the “Notes”);

 

WHEREAS,
the Mortgage Loan is secured by a first mortgage lien (the “Mortgage”) on the property known as 325 West 36th
Street (the “Mortgaged Property”);

 

WHEREAS,
DBNY intends, but is not bound, to sell, transfer and assign its right, title and interest in and to Note A-2 to German American
Capital Corporation (“GACC”), and GACC intends to transfer its right, title and interest in and to Note A-2
to Citigroup Commercial Mortgage Securities Inc. (“CGCMS”), as depositor, pursuant to a Mortgage Loan Purchase
Agreement by and between CGCMS, as purchaser, and GACC as seller, and CGCMS intends to transfer its right, title and interest
in and to Note A-2 to a trustee, as trustee for the Benchmark 2018-B3 Commercial Mortgage Trust under a pooling and servicing
agreement (the “Note A-2 PSA”) (such sales, transfers and assignments, the “Note A-2 Securitization”);

 

WHEREAS,
the Note A-1 Holder or an affiliate thereof intends, but is not bound, to sell transfer and assign all or a portion of its right,
title and interest in and to Note A-1 to an affiliate or one or more depositors who will in turn transfer the same to one or more
trusts as part of the securitization of one or more mortgage loans;

 

WHEREAS,
the Note A-3 Holder or an affiliate thereof intends, but is not bound, to sell transfer and assign all or a portion of its right,
title and interest in and to Note A-3 to an affiliate or one or more depositors who will in turn transfer the same to one or more
trusts as part of the securitization of one or more mortgage loans; and

 

WHEREAS,
the parties hereto desire to enter into this Agreement to memorialize the terms under which they, and their successors and assigns,
shall hold Note A-1, Note A-2 and Note A-3, respectively;

 

     

     

    

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

 

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 used but not otherwise defined herein shall have the meanings
ascribed thereto, or terms of substantially similar import, in the Servicing Agreement. To the extent of any inconsistency between
this Agreement and the Servicing Agreement, the terms of this Agreement shall control. Whenever used in this Agreement, the following
terms shall have the respective meanings set forth below unless the context clearly requires otherwise.

 

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

 

“Advance”
shall mean any P&I Advance or Property Advance made with respect to any of the Notes, the Mortgage Loan or the Mortgaged Property
pursuant to the Note A-1 PSA, the Note A-2 PSA or the Note A-3 PSA.

 

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

 

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

 

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

 

“Borrower
Party Affiliate”: With respect to a borrower, a mortgagor, a manager of the Mortgaged Property or a restricted mezzanine
holder, (a) any other person controlling or controlled by or under common control with such borrower, mortgagor, manager or restricted
mezzanine holder, as applicable, (b) any other person owning, directly or indirectly, 25% or more of the beneficial interests
in such borrower, mortgagor or manager, as applicable, or (c) any other person owning, directly or indirectly, 25% or more of
the beneficial interests in such restricted mezzanine holder. For the purposes of this definition, (1) “control”
when used with respect to any specified person means the power to direct the management and policies of such person, directly
or indirectly, whether through the ownership of voting securities, by contract or otherwise and the terms “controlling”
and “controlled” have meanings correlative to the foregoing and (2) “restricted mezzanine lender”
includes “accelerated mezzanine loan lender” or such other similar term as used in the Servicing Agreement.

 

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

 

“CLO
Asset Manager” shall mean, with respect to any Securitization Vehicle that is a CLO, the entity that is responsible
for managing or administering the underlying assets of such Securitization Vehicle or, if applicable, the assets of any Intervening
Trust Vehicle

 

     -2-

     

    

 

(including,
without limitation, the right to exercise any consent and control rights available to the Directing Holder).

 

“Certificates”
shall mean any securities issued in connection with the Note A-1 Securitization, the Note A-2 Securitization or the Note A-3 Securitization.

 

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

 

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

 

“Collection
Account” shall mean the “collection account” or sub-account thereof, established under the Servicing Agreement
for the purpose of servicing the Mortgage Loan.

 

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

 

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

 

“DBNY”
shall mean Deutsche Bank AG, New York Branch and its successors in interest.

 

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

 

“Defaulted
Mortgage Loan” or ‘‘Defaulted Loan” or such similar term as used in the Servicing Agreement
shall mean the Mortgage Loan in the event that the Mortgage Loan is delinquent at least 60 days in respect of its Monthly Payments
or more than 60 days in respect of its balloon payment, in either case to be determined without giving effect to any grace
period permitted by the Mortgage Loan Documents and without regard to any acceleration of payments under the Mortgage Loan Documents.

 

“Depositor”
shall mean (i) with respect to the Note A-1 Securitization, CGCMS, (ii) with respect to the Note A-2 Securitization, the depositor
under the Note A-2 PSA and (iii) with respect to the Note A-3 Securitization, the depositor under the Note A-3 PSA.

 

“Directing
Holder” shall mean the Note A-1 Holder or, if Note A-1 is included in a Securitization, the holders of the Certificates
representing the specified interest in the class of Certificates designated as the “controlling class” or the duly
appointed representative of the holders of such Certificates or such other party that the Note A-1 Holder grants the right to
exercise the rights granted to the Directing Holder in this Agreement; provided, that no Borrower, property manager or
Borrower Party Affiliate thereof shall be entitled to act as Directing Holder.

 

     -3-

     

    

 

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

 

“Excluded
Amounts” shall mean:

 

(i)       proceeds,
awards or settlements to be applied to the restoration or repair of the Mortgaged Property or released to the Borrower in accordance
with the terms of the Mortgage Loan Documents;

 

(ii)      amounts
required to be deposited in reserve or escrow pursuant to the Mortgage Loan Documents; and

 

(iii)     amounts
that are then due and payable pursuant to the Servicing Agreement to the parties to the Servicing Agreement, including, without
limitation, Servicing Fees, Special Servicing Fees, Liquidation Fees, Workout Fees, as applicable, reimbursement of costs and
expenses, reimbursement of Property Advances and interest thereon at the Reimbursement Rate;

 

but
shall not include (A) any amounts received in respect of any P&I Advances (and interest thereon), (B) any Servicing Fees due
to the Master Servicer in excess of the Servicing Fee calculated at the “primary servicing fee rate” set forth in
the Servicing Agreement and (C) any trustee fees.

 

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

 

“GACC”
shall mean German American Capital Corporation and its successors in interest.

 

“Holder”
shall mean the Note A-1 Holder, the Note A-2 Holder and/or the Note A-3 Holder, as the context indicates.

 

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

 

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

 

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

 

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

 

“Lead
Securitization” shall mean the Securitization in which the Lead Note is deposited.

 

“Lead
Securitization PSA” shall mean the PSA of the Lead Securitization.

 

     -4-

     

    

 

“Lead
Securitization Trust” shall mean the trust established under the Lead Securitization PSA.

 

“Lead
Servicer” shall mean the master servicer designated under the Lead Securitization PSA.

 

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

 

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

 

“Major
Action” shall have the meaning assigned to the term “Material Action,” “Major Action,” “Major
Decision” or any equivalent term in the Servicing Agreement.

 

“Master
Servicer” shall mean the master servicer under the Servicing Agreement and any successor thereunder.

 

“Master
Servicer Remittance Date” shall mean:

 

(a)       during
the period after the Note A-2 Securitization Date but prior to the Note A-1 Securitization Date, with respect to each Note, the
“Master Servicer Remittance Date” (or analogous term) as defined in the Note A-2 PSA, and

 

(b)       after
the Note A-1 Securitization Date::

 

(i)       with
respect to Note A-1, the “Master Servicer Remittance Date” (or analogous term) as defined in the Note A-1 PSA; provided,
however, that no remittance is required to be made until two Business Days after receipt of properly identified and available
funds constituting the scheduled monthly payment with respect to the Mortgage Loan;

 

(ii)      with
respect to Note A-2, the earlier of (a) the “Master Servicer Remittance Date” (or analogous term) as defined in the
Servicing Agreement or (b) the first Business Day after the “determination date,” as such term or a similar term is
defined in the Note A-2 PSA, as applicable, provided, however, that no remittance is required to be made until one Business Day
after the scheduled monthly payment date under the Loan Agreement; and

 

(iii)     with
respect to Note A-3, the earlier of (a) the “Master Servicer Remittance Date” (or analogous term) as defined in the
Servicing Agreement or (b) the first Business Day after the “determination date,” as such term or a similar term is
defined in the Note A-3 PSA, as applicable, provided, however, that no remittance is required to be made until one Business Day
after the scheduled monthly payment date under the Loan Agreement.

 

“Maturity
Date” shall have the meaning assigned to such term in Exhibit A.

 

     -5-

     

    

 

“Monthly
Payment” with respect to any period shall mean all amounts due and payable to any Holder or Holders during such period
in accordance with the Mortgage Loan Documents.

 

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

 

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

 

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

 

“Mortgage
Interest Rate” shall mean the Mortgage Interest Rate set forth in the Mortgage Loan Schedule with respect to each of
Note A-1, Note A-2 and Note A-3.

 

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

 

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

 

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

 

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

 

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

 

“Non-Directing
Holders” shall mean the Note A-2 Holders and the Note A-3 Holders or if any of Note A-2 or Note A-3 is included in a
Securitization, holders of Certificates representing the specified interest in the class of Certificates designated as the “controlling
class” or the duly appointed representative of the holders of such Certificates or such other party otherwise entitled under
the Note A-2 PSA or the Note A-3 PSA, as applicable; provided, that if at any time 50% or more of any Note (or class of securities
issued in a Securitization into which such Note has been deposited is designated as the “controlling class”) is held
by (or such other party otherwise assigned the rights to exercise the rights of the “controlling class” under the
related Non-Lead Servicing Agreement is) the Borrower or a Borrower Party Affiliate, no such Holder or other Person shall be entitled
to exercise any rights of a Non-Directing Holder under this Agreement or the related Non-Lead Servicing Agreement, and there shall
be deemed to be no Non-Directing Holder with respect to such Note.

 

“Non-Lead
Master Servicer” shall mean, with respect to any Non-Lead Note, the “master servicer” under the related
PSA (other than the Non-Lead Note that is included in the Lead Securitization).

 

     -6-

     

    

 

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

 

“Non-Lead
Note Holders” shall mean the holders of the Non-Lead Note (other than the Non-Lead Note that is included in the Lead
Securitization).

 

“Non-Lead
Servicing Agreements” shall mean the PSA with respect to each Non-Lead Note (other than the Non-Lead Note that is included
in the Lead Securitization).

 

“Nonrecoverable
Advance” shall have the meaning ascribed to such term in the Servicing Agreement.

 

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

 

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

 

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

 

“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 less any payments of principal thereon received by the Note A-1 Holder and any reductions in such
amount pursuant to Section 4.

 

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

 

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

 

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

 

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

 

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

 

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

 

“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 less any payments of principal thereon received by the Note A-2 Holder and any reductions in such
amount pursuant to Section 4.

 

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

 

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

 

     -7-

     

    

 

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

 

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

 

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

 

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

 

“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 less any payments of principal thereon received by the Note A-3 Holder and any reductions in such
amount pursuant to Section 4.

 

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

 

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

 

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

 

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

 

“P&I
Advance” shall mean an advance made by a party to the Note A-1 PSA, the Note A-2 PSA and/or the Note A-3 PSA, as applicable,
with respect to a delinquent monthly debt service payment on the Notes included in the related Securitization.

 

“Penalty
Charges” shall mean any amounts collected from the Borrower that represent default charges, penalty charges, late fees
and/or default interest, but excluding any yield maintenance charge or prepayment premium.

 

“Permitted
Fund Manager” shall mean any Person (a) listed on Exhibit C attached hereto or (b) that on the date of determination
is (i) a Qualified Transferee or any other nationally-recognized manager of investment funds investing in debt or equity interests
relating to commercial real estate, (ii) investing through one or more funds with committed capital of at least $250,000,000 and
(iii) not subject to a proceeding, whether voluntary or involuntary, 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.

 

“Property
Advance” shall mean an advance made in respect of property protection expenses or expenses incurred to protect, preserve
and enforce the security for the Mortgage

 

     -8-

     

    

 

Loan
or to pay taxes and assessments or insurance premiums with respect to the Mortgaged Property.

 

“Pro
Rata and Pari Passu Basis” shall mean with respect to the Notes and each Holder, (i) for purposes of allocating payments
of interest among the Notes, each Note or Holder, as the case may be, is allocated its respective pro rata share based on the
interest accrued on such Note at the respective Mortgage Interest Rate of such Note based on the outstanding principal balance
of the such Note and (ii) for all other purposes, the allocation of any particular payment, collection, cost, expense, liability
or other amount between such Notes or such Holders, as the case may be, without any priority of any such Note or any such Holder
over another Note or Holder, as the case may be, and in any event such that each Note or Holder, as the case may be, is allocated
its respective pro rata share based on the outstanding principal balance of its Note in relation to the outstanding principal
balance of the entire Mortgage Loan of such particular payment, collection, cost, expense, liability or other amount.

 

“PSA”
shall mean any pooling and servicing agreement or other servicing agreement executed in connection with a Securitization.

 

“Qualified
Servicer” shall mean any nationally recognized commercial mortgage loan servicer (1) rated at least “CSS3,”
in the case of a special servicer, or at least “CMS2,” in the case of a master servicer, by Fitch, (2) on the S&P
Select Servicer List as a U.S. Commercial Mortgage Master Servicer or a U.S. Commercial Mortgage Special Servicer, as applicable,
(3) as to which neither Moody’s nor KBRA has cited servicing concerns of such servicer as the sole or material factor in
any qualification, downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation of a ratings
downgrade or withdrawal) of securities in any CMBS transaction rated by Moody’s or KBRA, as applicable, and serviced by
such servicer prior to the time of determination, (4) a servicer that (i) during the 12-month period prior to the date of determination,
acted as master servicer or special servicer, as applicable, in a commercial mortgage loan securitization rated by Morningstar
and (ii) Morningstar has not qualified, downgraded or withdrawn the then-current rating or ratings of one or more classes of such
certificates citing servicing concerns with the servicer or special servicer, as applicable, as the sole or material factor in
such rating action and (5) in the case of DBRS, that within the twelve (12) month period prior to the date of determination such
servicer was acting as servicer or special servicer, as applicable, in a commercial mortgage loan securitization that was rated
by DBRS and DBRS has not downgraded or withdrawn the then-current rating on any class of commercial mortgage securities or placed
any class of commercial mortgage securities on watch citing the continuation of such servicer as servicer or special servicer,
as applicable, of such commercial mortgage securities as a material reason for such downgrade or withdrawal (or placement on watch
status). For purposes of this definition, for so long as any Note is included in a Securitization, the ratings or actions of any
Rating Agency that is not rating any such Securitization(s) shall not be considered.

 

     -9-

     

    

 

“Qualified
Transferee” shall mean an Affiliate of the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, or one or more
of the following (other than the Borrower or any entity that is a Borrower Party Affiliate):

 

(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 or 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, which regularly engages in the business of making or owning investments of types similar
to the Mortgage Loan; or

 

(iii)     an
institution substantially similar to any of the foregoing entities described in clauses (i) or (ii) above; or

 

(iv)     any
entity Controlled by or under common Control or Controlling any of the entities described in clauses (i), (ii) or (iii) above;
or

 

(v)      a
Qualified Trustee (or, in the case of a CLO, a single purpose bankruptcy-remote entity that contemporaneously pledges its interest
in a Note to 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, any interest in a Note (any
of the foregoing, a “Securitization Vehicle”), provided that either (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 that
also assigned a rating to one or more classes of securities issued in connection with the Securitization of a Note (and, if DBRS
is not one of such Rating Agencies, the special servicer for the Securitization Vehicle is a Qualified Servicer); (2) the special
servicer for the Securitization Vehicle is a Qualified Servicer at the time of transfer; or (3) in the case of a Securitization
Vehicle that is a CLO, the CLO Asset Manager and, if applicable, each Intervening Trust Vehicle that is not administered and managed
by a CLO Asset Manager that is a Qualified Transferee, is a Qualified Transferee under clause (i), (ii), (iii) or (iv) of this
definition; or

 

(vi)       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, provided that greater than 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 Transferees,

 

which,
in the case of each of clauses (i), (ii), and (iii) of this definition, has at least $650,000,000 in total assets (in name or
under management) and (except with respect to a pension advisory

 

     -10-

     

    

 

firm
or similar fiduciary) at least $250,000,000 in capital/statutory surplus or shareholders’ equity, and is regularly engaged
in the business of making or owning commercial real estate loans or commercial loans similar to the Mortgage Loan.

 

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

 

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

 

“Rating
Agency Confirmation” shall mean each of the applicable Rating Agencies shall have confirmed in writing that the occurrence
of the event with respect to which such Rating Agency Confirmation is sought shall not result in a downgrade, qualification or
withdrawal of the applicable rating or ratings ascribed by such Rating Agency to any of the Certificates then outstanding. In
the event that no Certificates are outstanding, any action that would otherwise require a Rating Agency Confirmation shall require
the consent of the Note A-1 Holder, which consent shall not be unreasonably withheld, conditioned or delayed.

 

For
the purposes of this Agreement, if any Rating Agency (1) waives, declines or refuses, in writing, to review or otherwise engage
any request for a confirmation hereunder from such Rating Agency that a proposed action will not result in a qualification, downgrade
or withdrawal of its then current rating of the securities issued pursuant to the related Securitization, or (2) does not reply
to such request or responds in a manner that indicates that such Rating Agency is neither reviewing such request nor waiving the
requirement for Rating Agency Confirmation and the related timing, notice and other applicable provisions set forth in the Servicing
Agreement, the Note A-1 PSA, the Note A-2 PSA and the Note A-3 PSA, as applicable, have been satisfied, then for such request
only, the condition that such confirmation by such Rating Agency (only) be obtained will be deemed not to apply for purposes of
this Agreement. For purposes of clarity, any such waiver, declination or refusal to review or otherwise engage in any request
for such confirmation hereunder shall not be deemed a waiver, declination or refusal to review or otherwise engage in any subsequent
request for such Rating Agency Confirmation hereunder and the condition for such Rating Agency Confirmation pursuant to this Agreement
for any subsequent request shall apply regardless of any previous waiver, declination or refusal to review or otherwise engage
in such prior request.

 

     -11-

     

    

 

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

 

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

 

“REO
Property” shall mean the Mortgaged Property, title to which has been acquired by the Servicer on behalf of (or other
Person designated by) the Holders through foreclosure, deed in lieu of foreclosure or otherwise.

 

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

 

“Securitization”
shall mean the Note A-1 Securitization, the Note A-2 Securitization, the Note A-3 Securitization, and/or any other securitization
in which a Note may be included, as applicable.

 

“Securitization
Trust” shall mean a trust formed pursuant to a Securitization.

 

“Servicer”
shall mean (i) the Master Servicer with respect to a non-Specially Serviced Mortgage Loan and the Special Servicer with respect
to a Specially Serviced Mortgage Loan, or (ii) with respect to a specific function, right or obligation as to which the Servicing
Agreement designates the Master Servicer or the Special Servicer, the party so designated, as applicable, pursuant to the Servicing
Agreement.

 

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

 

“Servicing
Fee” shall mean the fee of the Master Servicer pursuant to the terms of the Servicing Agreement, which will generally
be calculated as the product of (i) the Servicing Fee Rate and (ii) the outstanding principal balance of the Mortgage Loan as
of the date of determination.

 

“Servicing
Fee Rate” shall have the meaning applied to such term in the Servicing Agreement, being the rate per annum which, when
applied to the Mortgage Loan Principal Balance (which may be a different rate with respect to each of the Notes), will determine
the servicing fee payable to the Master Servicer under the Servicing Agreement.

 

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

 

“Servicing
Transfer Event” shall mean any of the events specified in the Servicing Agreement, whereby the servicing of the Mortgage
Loan is required to be transferred to the Special Servicer from the Master Servicer.

 

     -12-

     

    

 

“Special
Servicer” shall mean the special servicer of the Mortgage Loan as appointed under the terms of this Agreement and the
Servicing Agreement, or any successor special servicer appointed as provided thereunder or hereunder.

 

“Special
Servicing Fee” shall have the meaning given to such term in the Servicing Agreement.

 

“Specially
Serviced Mortgage Loan” shall mean the Mortgage Loan during the period it is serviced by the Special Servicer following
a Servicing Transfer Event.

 

“Transfer”
shall mean any assignment, pledge, conveyance, sale, transfer, mortgage, encumbrance, grant of a security interest, issuance of
a participation interest, or other disposition, either directly or indirectly, by operation of law or otherwise.

 

“Trustee”
shall mean the trustee under the Note A-1 PSA, the Note A-2 PSA and/or the Note A-3 PSA, as the context indicates.

 

2.       Servicing
of the Mortgage Loan.  (a) Each Holder acknowledges and agrees that, subject in each case to the specific terms
of this Agreement, the Mortgage Loan shall be serviced by the Master Servicer and the Special Servicer under the Servicing Agreement
in effect at any given time.

 

(b)       Subject
to the terms and conditions of this Agreement, each Holder hereby irrevocably and unconditionally consents to the appointment
of the Master Servicer and the Trustee under the Servicing Agreement by the Depositor and the appointment of the Special Servicer
by the Directing Holder and agrees to reasonably cooperate with the Master Servicer and the Special Servicer with respect to the
servicing of the Mortgage Loan in accordance with the Servicing Agreement. Each Holder hereby appoints the Master Servicer, the
Special Servicer and the Trustee under the Servicing Agreement as such Holder’s attorney-in-fact to sign any documents reasonably
required with respect to the administration and servicing of the Mortgage Loan on its behalf under the Servicing Agreement (subject
at all times to the rights of the Holders as set forth herein and in such Servicing Agreement).

 

(c)       If,
at any time the Lead Note is no longer in a Securitization, the Note A-1 Holder shall cause the Mortgage Loan to be serviced pursuant
to a servicing agreement that is substantially similar to the Servicing Agreement (and, if any Non-Lead Note is in a Securitization,
a Rating Agency Confirmation from the Rating Agencies that were engaged by the Depositor to rate such Securitization shall be
obtained) and all references herein to the “Servicing Agreement” shall mean such subsequent Servicing Agreement;
provided, however, that until a replacement Servicing Agreement has been entered into (and such Rating Agency Confirmation
has been obtained), the Note A-1 Holder shall cause the Mortgage Loan to be serviced pursuant to the provisions of the Servicing
Agreement as if such agreement was still in full force and effect with respect to the Mortgage Loan; provided, further,
however, that until a replacement Servicing Agreement is in place, the actual servicing of the Mortgage Loan may be performed
by any Qualified Servicer appointed by the Note A-1 Holder and does not have to be performed by the service providers set forth
under the Servicing Agreement that was previously in effect.

 

     -13-

     

    

 

(d)       Notwithstanding
anything to the contrary contained herein (including Sections 4 and 13(a)), each Servicing Agreement shall provide
that the Servicer shall be required to service and administer the Mortgage Loan in accordance with the Servicing Standard as set
forth in such Servicing Agreement, and any Holder who is not the Borrower or a Borrower Party Affiliate shall be deemed a third-party
beneficiary of such provisions of the Servicing Agreement. It is understood that any Non-Lead Note Holder may separately appoint
a servicer for its Non-Lead Note, by itself or together with other assets, but any such servicer will have no responsibility hereunder
and shall be compensated solely by the applicable Non-Lead Note Holder from funds payable to it hereunder or otherwise.

 

(e)       The
Holders acknowledge that the Servicer is to comply with this Agreement, the Servicing Agreement and the Mortgage Loan Documents
in connection with the servicing of the Mortgage Loan. Any conflict between the Servicing Agreement and this Agreement shall be
resolved in favor of this Agreement provided that in no event shall the Master Servicer or the Special Servicer, as the case may
be, take any action or omit to take any action in accordance with the terms of this Agreement that would cause the Master Servicer
or the Special Servicer, as the case may be, to violate the Servicing Standard or the REMIC Provisions.

 

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

 

(g)       In
the event that one of the Notes is included in a REMIC, the other Holders shall not be required to reimburse such Holder or any
other Person for payment of any taxes imposed on such REMIC or Advances therefor or for any interest on such Advance or for deficits
in other items of disbursement or income resulting from the use of funds for payment of any such taxes, nor shall any disbursement
or payment otherwise distributable to the other Holders be reduced to offset or make-up any such payment or deficit.

 

3.         Priority
of Notes. Note A-1, Note A-2 and Note A-3 shall be of equal priority, and no portion of any of Note A-1, Note A-2 or
Note A-3 shall have priority or

 

     -14-

     

    

 

 preference over any portion of the other Note or security therefor. Except for the Excluded Amounts, all amounts tendered by the
Borrower or otherwise available for payment on the Mortgage Loan, whether received in the form of Monthly Payments, a balloon
payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit or other instrument serving as security on the Mortgage
Loan, 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 shall be distributed by the Master Servicer and applied to Note A-1, Note A-2,
and Note A-3 on a Pro Rata and Pari Passu Basis.

 

The
Servicing Agreement may provide for the application of Penalty Charges paid in respect of the Mortgage Loan to be used to (i)
pay the Master Servicer, the Trustee or the Special Servicer for interest accrued on any Property Advances, (ii) to pay the parties
to any Securitization for interest accrued on any P&I Advance, (iii) to pay certain other expenses incurred with respect to
the Mortgage Loan and (iv) to pay to the Master Servicer and/or the Special Servicer as additional servicing compensation, except
that, for so long as Note A-2 is not included in a Securitization, any Penalty Charges allocated to any Note that is not included
in a Securitization that are not applied pursuant to clauses (i)-(iii) above shall be remitted to the respective Holder and shall
not be paid to the Master Servicer and/or the Special Servicer without the express consent of such Holder.

 

4.       Workout. Notwithstanding
anything to the contrary contained herein, but subject to the terms and conditions of the Servicing Agreement and Section 13
of this Agreement, and the obligation to act in accordance with the Servicing Standard, if the Lead Note Holder, or any Servicer,
in connection with a workout or proposed workout of the Mortgage Loan, modifies the terms thereof such that (i) the Mortgage Loan
Principal Balance is decreased, (ii) the Mortgage Interest Rate is reduced, (iii) payments of interest or principal on Note A-1,
Note A-2 or Note A-3 are waived, reduced or deferred or (iv) any other adjustment is made to any of the payment terms of the Mortgage
Loan, such modification shall not alter, and any modification of the Mortgage Loan Documents shall be structured to preserve,
the equal priorities of Note A-1, Note A-2 and Note A-3, as described in Section 3.

 

5.       Accounts;
Payment Procedure. The Servicing Agreement shall provide that the Master Servicer shall establish and maintain the Collection
Account or Collection Accounts, as applicable. Each of the Note A-1 Holder, the Note A-2 Holder and the Note A-3 Holder hereby
directs the Master Servicer, in accordance with the priorities set forth in Section 3 hereof, and subject to the terms
of the Servicing Agreement, (i) to deposit into the applicable Collection Account within the time period specified in the Servicing
Agreement all payments received with respect to the Mortgage Loan and (ii) to remit from the applicable Collection Account for
deposit or credit on the applicable Master Servicer Remittance Date all payments received with respect to and allocable to Note
A-1, Note A-2 and Note A-3 respectively; provided that delinquent payments received by the Master Servicer after the related
Master Servicer Remittance Date shall be remitted by the Master Servicer to such accounts within the time period specified in
the Servicing Agreement.

 

If
any Servicer holding or having distributed any amount received or collected in respect of Note A-1, Note A-2 or Note A-3 determines,
or a court of competent jurisdiction

 

     -15-

     

    

 

orders,
at any time that any amount received or collected in respect of Note A-1, Note A-2 or Note A-3 must, pursuant to any insolvency,
bankruptcy, fraudulent conveyance, preference or similar law, be returned to the Borrower or paid to the Note A-1 Holder, any
Servicer or paid to any other Person, then, notwithstanding any other provision of this Agreement, no Servicer shall be required
to distribute any portion thereof to the Note A-1 Holder, the Note A-2 Holder or the Note A-3 Holder, as applicable, and the Note
A-1 Holder, the Note A-2 Holder or the Note A-3 Holder, as applicable, shall promptly on demand repay to such Servicer the portion
thereof that shall have been theretofore distributed to the Note A-1 Holder, the Note A-2 Holder or the Note A-3 Holder, as applicable,
together with interest thereon at such rate, if any, as such Servicer shall have been required to pay to the Borrower, the Note
A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, any Servicer or such other person or entity with respect thereto. Each of
the Note A-1 Holder, the Note A-2 Holder and the Note A-3 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 Master Servicer. The Master Servicer shall have the right to offset any amounts due hereunder from the Note A-1
Holder, the Note A-2 Holder or the Note A-3 Holder, as applicable, with respect to the Mortgage Loan against any future payments
due to the Note A-1 Holder, the Note A-2 Holder or the Note A-3 Holder, as applicable, under the Mortgage Loan, provided,
that the obligations of the Note A-1 Holder, the Note A-2 Holder and the Note A-3 Holder under this Section 5 are separate
and distinct obligations from one another and in no event shall any Servicer enforce the obligations of any Holder against any
other Holder. The obligations of the Note A-1 Holder, the Note A-2 Holder and the Note A-3 Holder, under this Section 5
constitute absolute, unconditional and continuing obligations and each Servicer shall be deemed a third-party beneficiary of these
provisions.

 

6.       Limitation
on Liability.  Subject to the terms of the Servicing Agreement, no Holder (including the Master Servicer or the
Special Servicer on its behalf) shall have any liability to any other Holder with respect to any Note, except (1) with respect
to the Advance reimbursement provisions set forth in Section 17 and (2) with respect to losses actually suffered due to
the gross negligence, willful misconduct or material breach of this Agreement on the part of such Holder (including the Master
Servicer or the Special Servicer on its behalf, except that the Master Servicer’s or Special Servicer’s liability
may be further limited or expanded as set forth in the Servicing Agreement).

 

7.       Representations
of the Holders. (a) Each of the Holders hereby represents and warrants to, and covenants with each other Holder that,
as of the date hereof:

 

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

 

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

 

     -16-

     

    

 

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

 

(v)     It
has the right to enter into this Agreement without the consent of any third party.

 

(vi)    It
is the holder of the respective Note for its own account in the ordinary course of its business.

 

(vii)   It
has not dealt with any broker, investment banker, agent or other person, that may be entitled to any commission or compensation
in connection with the consummation of any of the transactions contemplated hereby.

 

(viii)  It
is a Qualified Transferee.

 

8.       Independent
Analyses of each Holder.  Each Holder acknowledges that, except for the representations made in Section 7,
it has, independently and without reliance upon any other Holders and based on such documents and information as such Holder has
deemed appropriate, made its own credit analysis and decision to purchase its respective Note. Each Holder hereby acknowledges
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 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 Borrower. Each Holder assumes
all risk of loss in connection with its respective Note for reasons other than gross negligence, willful misconduct or breach
of this Agreement by any other Holder or gross negligence, willful misconduct or bad faith by any Servicer, subject to the terms
of the Servicing Agreement (pursuant to which the liability of the Servicers may be further limited or expanded as set forth therein).

 

9.       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 among any Holder (or the Master Servicer, Special Servicer or Trustee on its behalf) and
any

 

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other
Holder a partnership, association, joint venture or other entity. Each Holder (or the Master Servicer, Special Servicer or Trustee
on its behalf) shall have no obligation whatsoever to offer to the other Holders the opportunity to purchase notes or interests
relating to any future loans originated by such Holder or any of its Affiliates, and if any Holder chooses to offer to any of
the other Holders, the opportunity to purchase notes or 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.
None of the Holders shall have any obligation whatsoever to purchase from any other Holder any notes or interests in any future
loans originated by any other Holder or any of its Affiliates.

 

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

 

11.       Other
Business Activities of the Holders.  Each Holder acknowledges that the other Holders may make loans or otherwise
extend credit to, and generally engage in any kind of business with, any Borrower Party Affiliate, and receive payments on such
other loans or extensions of credit to any Borrower Party Affiliate and otherwise act with respect thereto freely and without
accountability, but only if none of the foregoing violate the Mortgage Loan Documents, in the same manner as if this Agreement
and the transactions contemplated hereby were not in effect.

 

12.       Transfer
of Notes.  (a) Each Holder may Transfer up to 49% (in the aggregate) of its beneficial interest in its Note whether
or not the related transferee is a Qualified Transferee without a Rating Agency Confirmation. Each Holder agrees it shall not
Transfer more than 49% (in the aggregate) of its beneficial interest in its Note, except to a Qualified Transferee, unless (i)
prior to a Securitization of any Note, the other Holders have consented to such Transfer, in which case the related transferee
(and its Affiliates) shall thereafter be deemed to be a “Qualified Transferee” for all purposes under this
Agreement, (ii) after a Securitization of any Note, a Rating Agency Confirmation has been received with respect to such Transfer,
in which case the related transferee shall thereafter be deemed to be a “Qualified Transferee” for all purposes
under this Agreement, or (iii) such Transfer is in connection with a sale by a Securitization Trust; provided that if such
Transfer is a Transfer of the Lead Note, such Transfer is to a Qualified Transferee. With respect to any Transfers pursuant to
(i) or (ii) above (except with respect to a Transfer to a Securitization Trust) such transferee must (x) assume in writing the
obligations of the transferring Holder hereunder and agree to be bound by the terms and provisions of this Agreement and, if applicable,
the Servicing Agreement and (y) remake each of the representations and warranties contained herein for the benefit of the other
Holders. Notwithstanding the foregoing, without the non-transferring Holder’s prior consent (which will not be unreasonably
withheld), and, if such non-transferring Holder’s Note is in a Securitization, without a Rating Agency Confirmation from
each Rating Agency that has been engaged by the Depositor to rate the securities issued in connection with such Securitization,
no Holder shall Transfer all or any portion of its Note to the Borrower or a Borrower Party Affiliate and any such Transfer shall
be absolutely null and void and shall vest no rights in the purported transferee.

 

     -18-

     

    

 

(b)       Except
for a Transfer made in connection with a Securitization, or a Transfer made by a Holder to an Affiliate, at least five (5) days
prior to a transfer of any Note, the transferring Holder shall provide to the other Holders and, if any Certificates are outstanding,
to the Rating Agencies, a certification that such transfer will be made in accordance with this Section 12, such certification
to include (1) the name and contact information of the transferee and (2) if applicable, a certification by the transferee that
it is a Qualified Transferee.

 

(c)       The
Holders acknowledge and agree that, to the extent Rating Agency Confirmation is specifically required, any Rating Agency Confirmation
may be granted or denied by the Rating Agencies in their sole and absolute discretion and that such Rating Agencies may charge
the transferring Holder customary fees in connection with providing such Rating Agency Confirmation.

 

(d)       Notwithstanding
anything to the contrary contained herein, each Holder may pledge or transfer (a “Pledge”) its Note to any
entity (other than the Borrower or any Borrower Party Affiliate) that has extended a credit facility to such Holder or has entered
into a repurchase agreement with such Holder and that, in each case, is either a Qualified Transferee or a financial institution
whose long-term unsecured debt is rated at least “A” (or the equivalent) or better by each Rating Agency (a “Note
Pledgee”), or to a Person with respect to which a Rating Agency Confirmation has been obtained, on terms and conditions
set forth in this Section 12(d), it being further agreed that a financing provided by a Note Pledgee to any Holder or any
Affiliate that controls such Holder that is secured by such Holder’s interest in its respective Note and is structured as
a repurchase arrangement, shall qualify as a “Pledge” hereunder on the condition that all applicable terms and conditions
of this Section 12 are complied with. A Note Pledgee that is not a Qualified Transferee may not take title to a Note without
a Rating Agency Confirmation. Upon written notice, if any, by the pledging Holder to the other Holders and the Servicer that a
Pledge has been effected (including the name and address of the applicable Note Pledgee), the other Holders agree to acknowledge
receipt of such notice and thereafter agree: (i) to give such Note Pledgee written notice of any default by the pledging Holder
in respect of its obligations under this Agreement of which default such Holder has actual knowledge and which notice shall be
given simultaneously with the giving of such notice to the pledging Holder; (ii) to allow such Note Pledgee a period of ten (10)
Business Days to cure a default by the pledging Holder in respect of its obligations to the other Holders 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 pledging 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 the other Holders shall accept any cure by such Note Pledgee of any default of
the pledging Holder which such pledging Holder has the right to effect hereunder, as if such cure were made by such pledging Holder;
(v) that the other Holders or Servicer shall deliver to Note Pledgee such estoppel certificate(s) as Note Pledgee shall reasonably
request, provided that any such certificate(s) shall be in a form reasonably satisfactory to the other Holders; and (vi)
that, upon written notice (a “Redirection Notice”) to the Servicer by such Note Pledgee that the pledging Holder
is in default beyond any applicable cure periods with respect to the pledging

 

     -19-

     

    

 

Holder’s
obligations to such Note Pledgee pursuant to the applicable credit agreement or other agreements relating to the Pledge between
the pledging Holder and such Note Pledgee (which notice need not be joined in or confirmed by the pledging Holder), and until
such Redirection Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee (or at any time that pledging Holder otherwise
directs that such payment be made to Note Pledgee pursuant to a separate notice) shall be entitled to receive any payments that
any Servicer would otherwise be obligated to make to the pledging Holder from time to time pursuant to this Agreement or any Servicing
Agreement. Any pledging Holder hereby unconditionally and absolutely releases the other Holders and any Servicer from any liability
to the pledging Holder on account of any Holder’s or Servicer’s compliance with any Redirection Notice believed by
any Servicer or other Holders in good faith to have been delivered by a Note Pledgee. Note Pledgee shall be permitted to exercise
fully its rights and remedies against the pledging Holder (and accept an assignment in lieu of foreclosure as to such collateral),
in accordance with applicable law, the pledge agreement, repurchase agreement or similar agreement between the pledging Holder
and the Note Pledgee and this Agreement. In such event, or if the pledging holder otherwise assigns its interests to the Note
Pledgee, the other Holders and the Servicer shall recognize such Note Pledgee (and any transferee (other than the Borrower or
any Borrower Party Affiliate) that is also a Qualified Transferee at any foreclosure or similar sale held by such Note Pledgee
or any transfer in lieu of foreclosure), and such Person’s successor and assigns, as the successor to the pledging Holder’s
rights, remedies and obligations under this Agreement, and any such Note Pledgee or Qualified Transferee shall assume in writing
the obligations of the pledging 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 12(d) shall remain effective as to any Holder (and any Servicer) unless and until such Note Pledgee shall
have notified such Holder (and any Servicer, as applicable) in writing that its interest in the pledged Note has terminated.

 

13.       Exercise
of Remedies by the Servicer.  (a) Subject to the terms of this Agreement and the Servicing Agreement and subject
to the rights and consents, where required, of the Directing Holder, the Servicer 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 and exclusive authority to (i) modify or waive any of the terms of the Mortgage Loan Documents, (ii) consent
to any action or failure to act by the Borrower or any party to the Mortgage Loan Documents, (iii) 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 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 the Holders shall have no voting, consent or other rights whatsoever
with respect to the Servicer’s administration of, or exercise of its rights and remedies with respect to, the Mortgage Loan
other than as provided in the Servicing Agreement. Subject to the terms and conditions of the Servicing Agreement, the Servicer
shall have the sole and exclusive authority to make Property Advances with respect to the Mortgage Loan. Except as otherwise provided
in this Agreement, each Holder agrees that it shall have no right to, and hereby presently and irrevocably assigns and conveys
to the Servicer the rights, if any, that such Holder has to (A) call or cause the Servicer to call an Event of Default under the

 

     -20-

     

    

 

Mortgage
Loan, or (B) exercise any remedies with respect to the Mortgage Loan or the Borrower, including, without limitation, filing or
causing the Lead Note Holder or such Servicer to file any bankruptcy petition against the Borrower. Each Holder shall, from time
to time, execute such documents as any Servicer shall reasonably require to evidence such assignment with respect to the rights
described in clause (iii) of the first sentence in this Section 13(a).

 

(b)       The
Lead Servicer and the related Trustee shall not have any fiduciary duty to the Non-Lead Note Holders in connection with the administration
of the Mortgage Loan (but the foregoing shall not relieve the Lead Servicer and the related Trustee from their respective obligation
under the Servicing Agreement to make any disbursement of funds as set forth herein).

 

(c)       The
Holders hereby acknowledge and agree that the Servicing Agreement shall provide that, subject to the satisfaction of the conditions
set forth in the next sentence, upon the Mortgage Loan becoming a Defaulted Mortgage Loan, if the Special Servicer determines
to sell the Defaulted Mortgage Loan (or the Lead Note), it will be required to sell the entire Defaulted Mortgage Loan as a single
whole loan (i.e., both the Lead Note and Non-Lead Notes). Any such sale of the entire Defaulted Mortgage Loan is subject to the
satisfaction of the following:

 

(i)        Each
Non-Lead Note Holder has provided written consent to such sale; or

 

(ii)      The
Special Servicer has delivered the following notices and information to each Non-Lead Note Holder:

 

(1)       at
least 15 Business Days prior written notice of any decision to attempt to sell the Defaulted Mortgage Loan;

 

(2)       at
least 10 days prior to the proposed sale date, a copy of each bid package (together with any amendments to such bid packages)
received by the Special Servicer in connection with any such proposed sale;

 

(3)       at
least 10 days prior to the proposed sale date, a copy of the most recent Appraisal for the Mortgage Loan, and any documents in
the Servicing File requested by a Non-Lead Note Holder; and

 

(4)       until
the sale is completed and a reasonable period of time (but no less time than is afforded to other offerors and the Directing Holder)
prior to the proposed sale date, all information and other documents being provided to other offerors and all leases or other
documents that are approved by the Master Servicer or the Special Servicer in connection with the proposed sale.

 

Any
Non-Lead Note Holder may waive any delivery or timing requirements set forth above only for itself. Subject to the foregoing,
each of the Lead Note Holder, the Directing Holder, the Non-Lead Note Holders and the Non-Directing Holders shall

 

     -21-

     

    

 

be
permitted to submit an offer at any sale of the Defaulted Mortgage Loan (unless such Person is the Borrower or a Borrower Party
Affiliate).

 

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

 

(d)       Notwithstanding
anything to the contrary contained herein, the exercise by the Servicer on behalf of the Holders of its rights under this Section
13 shall be subject in all respects to any section of the Servicing Agreement governing REMIC administration, and in no event
shall the Servicer be permitted to take any action or refrain from taking any action if taking or failing to take such action,
as the case may be, would violate the laws of any applicable jurisdiction, breach the Mortgage Loan Documents or be inconsistent
with the Servicing Standard or violate any other provisions of the Servicing Agreement or violate the REMIC provisions of the
Code or any regulations promulgated thereunder, including, without limitation, the provisions of Section 2(f) of this Agreement.

 

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

 

(b)       If
the Directing Holder fails to notify the Special Servicer of its approval or disapproval of any proposed Major Action within ten
(10) Business Days (or 30 days with respect to an Acceptable Insurance Default) after delivery to the Directing Holder by the
applicable Servicer of written notice of a proposed Major Action together with any information

 

     -22-

     

    

 

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

 

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

 

(d)       No
objection, direction or advice contemplated by the preceding paragraphs may require or cause the Master Servicer or the Special
Servicer, as applicable, to violate any provision of the Mortgage Loan Documents, applicable law, the Servicing Agreement, this
Agreement, the REMIC provisions of the Code or the Master Servicer or Special Servicer’s obligation to act in accordance
with the Servicing Standard or expose the Master Servicer or the Special Servicer to liability, or materially expand the scope
of the Master Servicer’s or the Special Servicer’s responsibilities under the Servicing Agreement.

 

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

 

15.       Appointment
of Special Servicer.  Subject to the terms of the Servicing Agreement, 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 Qualified Servicer as the replacement Special Servicer in lieu thereof. The Directing Holder shall designate
a Person to serve as Special Servicer by delivering to the other Holders (including, to the extent a Note is included in a Securitization,
the parties to the related PSA) a written notice stating such designation and by satisfying the other conditions required under
the Servicing Agreement (including, without limitation, a Rating Agency Confirmation, if required by the terms of the Servicing
Agreement), if any.

 

     -23-

     

    

 

16.       Rights
of the Non-Directing Holders. (a) The Servicing Agreement shall provide that the Servicer shall be required:

 

(i)        to
provide copies of the same notices, information and reports that it is required to provide to the Directing Holder pursuant to
the Servicing Agreement with respect to any Major Actions or the implementation of any recommended actions outlined in an Asset
Status Report relating to the Mortgage Loan to the Non-Directing Holders (but without regard to whether or not the Directing Holder
actually has lost any rights to receive such information as a result of a Consultation Termination Event), within the same time
frame as specified with respect to the Directing Holder (but without regard to whether or not the Directing Holder actually has
lost any rights to receive such information as a result of a Consultation Termination Event), provided, however,
that if a Non-Lead Note has been included in a Securitization, then for any information for which the Special Servicer would be
required to provide to such Non-Directing Holder, the Special Servicer shall provide such notice to the master servicer of the
other Securitization, who shall forward such notice as and when required under the terms of the related Securitization documents;
and

 

(ii)       to
consult with each Non-Directing Holder on a strictly non-binding basis, if, having received such notices, information and reports,
such Non-Directing Holder requests consultation with respect to any such Major Action or the implementation of any recommended
actions outlined in an Asset Status Report relating to the Mortgage Loan, and consider alternative actions recommended by such
Non-Directing Holder; provided that after the expiration of a period of ten (10) Business Days from the delivery to each
Non-Directing Holder of written notice of a proposed action, together with copies of the notice, information and report required
to be provided to the Directing Holder, the Servicer shall no longer be obligated to consult with the Non-Directing Holders, whether
or not the Non-Directing Holders have responded within such ten (10) Business Day period (unless the Servicer proposes a new course
of action that is materially different from the action previously proposed, in which case such ten (10) Business Day period shall
be begin anew from the date of such proposal and delivery of all information relating thereto).

 

(b)       Notwithstanding
the foregoing non-binding consultation rights of the Non-Directing Holders, the Servicer may take any Major Action or any action
set forth in the Asset Status Report before the expiration of the aforementioned ten (10) Business Day period if the Servicer
determines that immediate action with respect thereto is necessary to protect the interests of the Holders.

 

(c)       In
addition to the foregoing non-binding consultation rights, the Non-Directing Holders shall have the right to participate in annual
conference calls with the Master Servicer or the Special Servicer upon reasonable notice and at times reasonably acceptable to
the Master Servicer or the Special Servicer, as applicable, in which servicing issues related to the Mortgage Loan are discussed.

 

(d)       In
no event shall the Servicer be obligated at any time to follow or take any alternative actions recommended by any of the Non-Directing
Holders.

 

     -24-

     

    

 

(e)       Any
Non-Directing Holder that is the Borrower or a Borrower Party Affiliate shall not be entitled to any of the rights set forth in
this Section 16.

 

17.       Advances;
Reimbursement of Advances. (a) From time to time, (i) pursuant to terms of the Servicing Agreement, the Lead Servicer
and/or the related Trustee may be obligated to make (1) Property Advances with respect to the Mortgage Loan or the Mortgaged Property
and (2) P&I Advances with respect to the Lead Note and (ii) pursuant to the terms of a Non-Lead Servicing Agreement, the related
Non-Lead Master Servicer and/or the related Trustee may be obligated to make P&I Advances with respect to a Non-Lead Note.
The Lead Servicer and/or the related Trustee will not be required to make any P&I Advance with respect to any Non-Lead Note
and the related Non-Lead Master Servicer and/or the related Trustee will not be required to make any P&I Advance with respect
to any Lead Note, any other Non-Lead Note or any Property Advance. The Lead Servicer, each Non-Lead Master Servicer and any Trustee
will be entitled to interest on any Advance made in the manner and from the sources provided in the Note A-1 PSA, the Note A-2
PSA and the Note A-3 PSA.

 

(b)       The
Lead Servicer and the related Trustee, as applicable, will be entitled to reimbursement for a Property Advance, first from
the Collection Account established with respect to the Mortgage Loan, and then, if such Property Advance is a Nonrecoverable
Advance, if such funds on deposit in the Collection Account are insufficient, from general collections of the Lead Securitization
as provided in the Servicing Agreement.

 

(c)       To
the extent amounts on deposit in the Collection Account with respect to the Mortgage Loan are insufficient to reimburse the Lead
Servicer for any Property Advance and/or interest thereon and the Lead Servicer or the related Trustee, as applicable, obtains
funds from general collections of the Lead Securitization as a reimbursement for a Property Advance or interest thereon, each
Non-Lead Note Holder (including any Securitization into which any Non-Lead Note is deposited) shall be required to, promptly following
notice from the Lead Servicer, pay to the Lead Securitization for its pro rata share of such Property Advance and/or interest
thereon at the Reimbursement Rate. In addition, each Non-Lead Note Holder (including any Securitization into which any Non-Lead
Note is deposited) shall promptly reimburse the Lead Servicer or the related Trustee for such Non-Lead Note Holder’s pro
rata share of any fees, costs or expenses incurred in connection with the servicing and administration of the Mortgage Loan
as to which the Lead Securitization or any of the parties thereto are entitled to be reimbursed pursuant to the terms of the Servicing
Agreement (to the extent amounts on deposit in the Collection Account with respect to the Mortgage Loan are insufficient for reimbursement
of such amounts).

 

(d)       The
parties to each of the Note A-1 PSA, the Note A-2 PSA and the Note A-3 PSA shall each be entitled to make their own recoverability
determination with respect to a P&I Advance based on the information that they have on hand and in accordance with the Note
A-1 PSA, the Note A-2 PSA or the Note A-3 PSA, as applicable.

 

(e)       If
the Lead Servicer or the related Trustee elects to defer the reimbursement of a Property Advance in accordance with the terms
of the Servicing Agreement, the Lead Servicer or the related Trustee shall also defer its reimbursement of each Non-Lead Note
share from the Non-Lead Note Holders.

 

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18.       Provisions
Relating to Securitization.  

 

(a) New Notes. For so long as a Note is not included in a Securitization, the Holder
of such Note (the “Resizing Holder”) shall have the right, subject to the terms of the Mortgage Loan Documents,
to cause the Borrower to execute amended and restated notes (“Amended Notes”) or additional notes (“New
Notes”) reallocating the principal of the Note or Notes that it owns (but in no case any Note that it does not then
own) among Amended Notes and New Notes or severing a Note into one or more further “component” notes in the aggregate
principal amount equal to the then outstanding principal balance of the Note or Notes being amended or created, provided
that (i) the aggregate principal balance of the Amended Notes and New Notes following such amendments is no greater than the principal
balance of the Amended Notes and New Notes prior to such amendments, (ii) all New Notes continue to have the same interest rate
as the Amended Note of which it was a part prior to such amendments, (iii) all New Notes pay pro rata and on a pari
passu basis with the Amended Notes and such reallocated or component notes shall be automatically subject to the terms of
this Agreement and (iv) the Resizing Holder holding the New Notes shall notify each other Holder, as applicable, and, if any other
Note has been included in a securitization, the parties under each applicable PSA, in writing (which may be by email) of such
modified allocations and principal amounts. In connection with the foregoing, (1) the Master Servicer is hereby authorized to
execute amendments to the Loan Agreement and this Agreement (or to amend and restate the Loan Agreement and this Agreement) on
behalf of any or all of the Holders solely for the purpose of reflecting such reallocation of principal or such severing of a
Note, (2) if a Note is severed into “component” notes, such component notes shall each have their same rights as the
respective original Note, (3) the definition of the term “Securitization” and all of the related defined terms may
be amended (and new terms added, as necessary) to reflect the New Notes and (4) if the Lead Note is severed into “component”
notes, another Note (or one of the New Notes) may be substituted for Note A-1 in the definition of “Directing Holder”
and the definitions of “Lead Note” and “Lead Securitization” and Non-Directing Holder” will be revised
accordingly. Neither Rating Agency Confirmation nor approval of the Directing Holder shall be required for any amendments to this
Agreement required to facilitate the terms of this Section 18(a). The Resizing Holder whose Note is being reallocated or
split pursuant to this Section 18(a) shall reimburse the other Holders for all costs and expenses incurred by the other
Holders in connection with the reallocation or split.

 

(b)       The
Non-Lead Note Holder agrees that (if a Non-Lead Note is included in a Securitization other than the Lead Securitization) it shall
cause the Non-Lead Servicing Agreement to provide as follows:

 

(i)        the
applicable master servicer or Trustee for such Securitization shall be required to notify the master servicer, special servicer
and Trustee of each other Securitization of the amount of any P&I Advance it has made with respect to the Note included in
such Securitization within two Business Days of making such advance;

 

(ii)       if
the applicable master servicer, special servicer or Trustee determines that a proposed P&I Advance, if made, or any outstanding
P&I Advance previously made, would be, or is, as applicable, a nonrecoverable advance, the master servicer shall

 

     -26-

     

    

 

provide
the other servicers written notice of such determination within 2 Business Days after such determination was made;

 

(iii)      in
the event such Non-Lead Note Holder is responsible for its proportionate share of any Nonrecoverable Advances (or any other portion
of a Nonrecoverable Advance) (and advance interest thereon) or other fee or expense pursuant to Section 17 and funds received
with respect to such Non-Lead Note are insufficient to cover such amounts, (x) the related master servicer will be required to
pay the Master Servicer, Special Servicer or Trustee under the Servicing Agreement, as applicable, out of general funds in the
collection account (or equivalent account) established under the related Non-Lead Servicing Agreement and (y) if the Lead Servicing
Agreement permits the Master Servicer, Special Servicer or Trustee under the 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 any PSA that relate solely to its servicing
of the Mortgage Loan, as applicable, and the master servicer under the related Non-Lead Servicing Agreement will be required to
reimburse the Master Servicer, Special Servicer or Trustee under the Servicing Agreement, as applicable, out of general funds
in the collection account (or equivalent account) established under the related Non-Lead Servicing Agreement;

 

(v)       each
of Trustee and the master servicer under the Non-Lead Servicing Agreement, as applicable, shall acknowledge that, (i) each of
the Master Servicer and the Trustee under the Servicing Agreement will be a third party beneficiary under the Non-Lead Servicing
Agreement with respect to any provisions therein relating to (1) the reimbursement of any nonrecoverable advances made with respect
to such Non-Lead Note by the Master Servicer or the Trustee under the Servicing Agreement 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 PSA and relating to such Non-Lead
Note 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 advances made with respect to such Non-Lead
Note by the Special Servicer (it being understood that the Special Servicer is not required to make any Advances) and (2) the
indemnification of the Special Servicer against any claims, losses, penalties, fines, forfeitures, legal fees and related costs,
judgments and any other costs, liabilities, fees and expenses, incurred in connection with any PSA and relating to such Non-Lead
Note; and

 

(vi)      the
Master Servicer and the Special Servicer shall be third party beneficiaries of the foregoing provisions.

 

     -27-

     

    

 

(c)       Notice
to Parties to the Lead Securitization PSA. 

 

(i)        The Note A-1 Holder
shall provide the Depositor, the Trustee, the Servicer, and the Special Servicer under the Note A-2 PSA (as of the Note A-1 Securitization
Date) (provided such party is not also a party to the Note A-1 PSA) notice of the related Securitization in writing (which
may be by email) prior to or promptly following the closing date of the Note A-1 Securitization. Such notice shall contain contact
information for each of the parties to the Note A-1 PSA and the identity of the Controlling Class Representative under the Note
A-1 PSA. In addition, after the Note A-1 Securitization Date, the Note A-1 Holder shall send a copy of the related PSA to the
Depositor, the Servicer, and the Special Servicer under the Note A-2 PSA (as of the Note A-1 Securitization Date) (provided
such party is not also a party to the Note A-1 PSA).

 

(ii)       The
Note A-3 Holder shall provide the Depositor, the Trustee, the Servicer, and the Special Servicer under the Lead
Securitization PSA (as of the Note A-3 Securitization Date) (provided such party is not also a party to the Lead
Securitization PSA) notice of the Note A-3 Securitization in writing (which may be by email) prior to or promptly following
the closing date of the Note A-3 Securitization. Such notice shall contain contact information for each of the parties to the
Note A-3 PSA and the identity of the Controlling Class Representative under the Note A-3 PSA. In addition, after the Note A-3
Securitization Date, the related Note A-3 Holder shall send a copy of the Note A-3 PSA to the Depositor, the Servicer, and
the Special Servicer under the Lead Securitization PSA (as of the Note A-3 Securitization Date) (provided such party
is not also a party to the Lead Securitization PSA).

 

(d)       The
Servicing Agreement shall:

 

(i)        provide
that the Master Servicer and Trustee for such Securitization shall be required to notify the servicer, special servicer and Trustee
of each other Securitization of the amount of any P&I Advance it has made with respect to the Note included in such Securitization
within two Business Days of making such advance;

 

(ii)       provide
that if the Master Servicer or Trustee determines that a proposed P&I Advance, if made, or any outstanding P&I Advance
previously made, would be, or is, as applicable, a nonrecoverable advance, the Master Servicer shall provide the other servicers
written notice of such determination within two Business Days after such determination was made;

 

(iii)      provide
that the Master Servicer shall remit all payments received (or advanced) with respect to any Non-Lead Note, net of its Servicing
Fee and any other applicable fees and reimbursements payable to the Master Servicer, the Special Servicer and the Trustee, to
the Non-Lead Holder on the applicable Master Servicer Remittance Date;

 

(iv)      provide
that the Master Servicer agrees to make available to each master servicer under a Non-Lead Servicing Agreement the CREFC®
Investor Reporting Package® pursuant to the terms of the Servicing Agreement on a monthly basis;

 

     -28-

     

    

 

(v)       provide
that the Master Servicer, any primary servicer, the Special Servicer and the Trustee for the Lead Securitization, certificate
administrator or other party acting as custodian for the Lead Securitization shall be required to deliver (and shall be required
to cause each other servicer and servicing function participant (within the meaning of Items 1123 and 1122, respectively, of Regulation
AB) retained or engaged by it to deliver), to the parties to any Non-Lead Servicing Agreement, at its own expense, in a timely
manner, the reports, certifications, compliance statements, accountants’ assessments and attestations, information to be
included in reports (including, without limitation, Form 15G, Form 10K, Form 10D, Form 8K), notices, and other materials specified
in each of the other Servicing Agreements as the parties to each Non-Lead Securitization may require in order to comply with (1)
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) any applicable comment letter from the Commission. Without limiting the
generality of the foregoing, each Lead Note Holder for a Lead Securitization shall provide in a timely manner to the depositor
and the Trustee for any prior Securitization a copy of the Servicing Agreement and each Lead Servicer (at the expense of the Lead
Note Holder) will be required, upon prior written request, to provide to the depositor and the Trustee for any prior Securitization
any other information required to comply in a timely manner with applicable filing requirements under Items 1.01 and 6.02 of Form
8-K, any other disclosure information required pursuant to Regulation AB in a timely manner for inclusion in any disclosure document
(and, with respect to the Servicing Agreement, for filing under Form 8-K), and with respect to the Lead Servicers, upon prior
written request, market indemnification agreements, opinions and Regulation AB compliance letters as were or are being delivered
with respect to the Lead Securitization. As used in this Agreement, “Regulation AB” means Subpart 229.1100 –
Asset Backed Securities (Regulation AB), 17 C.F.R. §§ 229.1100-229.1125, as such may be amended from time to time, and
subject to such clarification and interpretation as have been provided by the United States Securities and Exchange Commission
(the “Commission”) or by the staff of the Commission, or as may be provided by the Commission or its staff
from time to time, in each case as effective from time to time as of the compliance dates specified therein. The Master Servicer,
any primary servicer and the Special Servicer, upon prior written request, shall each be required to provide certification and
indemnification to each Certifying Person with respect to the Sarbanes-Oxley Certification (or analogous terms) as such terms
are defined in the related Non-Lead Servicing Agreements;

 

(vi)      provide
that the servicing duties of each of the Master Servicer and Special Servicer under the Servicing Agreement shall include the
duty to service each Non-Lead Note on behalf of the related Trustees and related Certificate holders in accordance with the terms
and provisions of this Agreement;

 

(vii)     provide
that, with respect to any/each Non-Lead Note, the Master Servicer shall withdraw from the related Collection Account and remit
to the Holder of the Non-Lead Note, within one (1) Business Day of receipt of properly identified and available funds, any amounts
that represent late collections or principal prepayments on such Non-Lead Note or any successor REO Property with respect thereto
(exclusive of any portion of such amount payable or reimbursable to any third party in accordance with this

 

     -29-

     

    

 

Agreement),
unless such amount would otherwise be included in the monthly remittance to the Holder of such Non-Lead Note for such month; provided,
however, that to the extent any such amounts are received after 3:00 p.m. Eastern time on any given Business Day, the Master
Servicer shall use commercially reasonable efforts to remit later collections to the Non-Lead Master Servicer within one Business
Day of receipt of properly identified and available funds but, in any event, the Master Servicer shall remit such amounts within
two Business Days of receipt of properly identified and available funds;

 

(viii)    provide
that the Non-Lead Note Holders are intended third-party beneficiaries in respect of the rights afforded it under the Servicing
Agreement and each master servicer under a Non-Lead Servicing Agreement will be entitled to enforce the rights of the related
Trustee with respect to such Non-Lead Note under this Agreement and the Servicing Agreement;

 

(ix)       provide
that each master servicer and special servicer under any Non-Lead Servicing Agreement shall be a third-party beneficiary of the
Servicing Agreement with respect to all provisions therein expressly relating to compensation, reimbursement or indemnification
of such master servicer or special servicer, as the case may be, and the provisions regarding coordination of Advances;

 

(x)        provide
that it shall not be amended in a manner that materially and adversely affects the rights of the Non-Lead Note Holders without
their consent;

 

(xi)       satisfy
Moody’s rating methodology as of the Closing Date of the Lead Securitization related to permitted investments and eligible
accounts applicable to securities rated “Aaa” by Moody’s;

 

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

 

(xiii)     provide
that “servicer termination events” (or any analogous term under the Servicing Agreement) include customary market
termination events with respect to failure to make advances, failure to remit payments to the Non-Lead Note Holders as required,
failure to deliver (or cause to be delivered) materials or information required in order for the Non-Lead Note Holders or the
depositor under a related Non-Lead Servicing Agreement to timely comply with its obligations under the Securities Exchange

 

     -30-

     

    

 

Act
of 1934, as amended, the Securities Act of 1933, as amended, or Form SF-3, and for rating agency triggers with respect to any
Certificates, subject to customary grace periods (provided that, in the case of failures related to the securities laws, such
grace periods will not cause a depositor under a Non-Lead Servicing Agreement to fail to comply with the applicable provisions
of such securities laws). Upon the occurrence of such a servicer termination event with respect to the Master Servicer affecting
the Non-Lead Note Holder and the Master Servicer is not otherwise terminated pursuant to the Servicing Agreement, the Master Servicer
shall be required, upon the direction of the Non-Lead Note Holder, to appoint a subservicer with respect to the Non-Lead Note.
Upon the occurrence of a servicer termination event with respect to the Special Servicer affecting the Non-Lead Note Holder and
the Special Servicer is not otherwise terminated pursuant to the Servicing Agreement, the Trustee shall, upon direction of the
Non-Lead Note Holder, terminate the Special Servicer with respect to, but only with respect to, the Mortgage Loan; and

 

(xiv)       provide
that if a Non-Lead Note becomes the subject of an “asset review” under a Non-Lead Servicing Agreement, the applicable
parties to the Servicing Agreement are required to reasonably cooperate with the related asset representations reviewer or other
applicable party to such Non-Lead Servicing Agreement in connection with such asset review, including with respect to providing
access to related underlying documents to the extent the asset representations reviewer and such other applicable party to the
Non-Lead Servicing Agreement has not obtained such documents from the related Non-Lead Note Holder and such documents are in the
possession of the applicable party to the Servicing Agreement.

 

19.       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.

 

20.       Modifications.  This
Agreement shall not be modified, cancelled or terminated except by an instrument in writing signed by the parties hereto. Additionally,
from and after a Securitization, except to (i) cure any ambiguity, (ii) correct any error, (iii) correct or supplement any provision
herein that may be defective or inconsistent with any other provision or provisions herein or with the Servicing Agreement, or
(iv) as set forth in Section 18(a), this Agreement may not be modified unless a Rating Agency Confirmation has been delivered
with respect to each Securitization.

 

21.       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

 

     -31-

     

    

 

assigns.
Each of the Master Servicer, Non-Lead Master Servicer and related Trustee is an intended third-party beneficiary of this Agreement.
Except as provided in Section 5 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.

 

22.       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 as effective as delivery of a manually executed original counterpart of this Agreement

 

23.       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.

 

24.       Notices.   Unless
stated otherwise, 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 or email if the sender on the same day sends a confirming copy of
such notice by reputable overnight delivery service (charges prepaid), (iii) reputable overnight delivery service (charges prepaid)
or (iv) certified United States mail, postage prepaid return receipt requested, and addressed to the respective parties at their
addresses set forth on Exhibit B hereto, or at such other address as any party shall hereafter inform the other party by
written notice given as aforesaid. All written notices so given shall be deemed effective upon receipt.

 

25.       Custody
of Mortgage Loan Documents.  The originals of all of the Mortgage Loan Documents (other than Note A-1 and Note A-3)
will be held by the Note A-2 Trustee (or by a custodian on its behalf) under the terms of the Note A-2 PSA on behalf of all of
the Holders until the Note A-1 Securitization Date, at which time the originals of all of the Mortgage Loan Documents (other than
Note A-2) will be transferred to and held by the Note A-1 Trustee (or by a custodian on its behalf) on behalf of all of the Holders.

 

[NO
FURTHER TEXT ON THIS PAGE]

 

     -32-

     

    

IN
WITNESS WHEREOF, each of the Note A-1 Holder, Note A-2 Holder and Note A-3 Holder has caused this Agreement to be duly executed
as of the day and year first above written.

 

	 	Note A-1 Holder:
	 	 
	 	DEUTSCHE
                    BANK AG, NEW YORK BRANCH

	 	 	 
	 	By: 	/s/ Matt Smith
	 	 	Name:  Matt Smith
Title:   Director

	 	 	 
	 	By: 	/s/ Helaine Kaplan
	 	 	Name:  Helaine Kaplan
Title:   Managing Director

 

BMARK
2018-B3 – Co-Lender Agreement

 

     

    

    

 

	 	Note A-2 Holder:
	 	 
	 	By: 	/s/ Matt Smith
	 	 	Name:  Matt Smith
Title:   Director

	 	 	 
	 	By:	/s/ Helaine Kaplan
	 	 	Name:  Helaine Kaplan
Title:   Managing Director

 

BMARK
2018-B3 – Co-Lender Agreement

 

     

    

    

 

	 	Note A-3 Holder:
	 	 
	 	DEUTSCHE
                    BANK AG, NEW YORK BRANCH

	 	 	 
	 	By: 	/s/ Matt Smith
	 	 	Name:  Matt Smith
Title:   Director

	 	 	 
	 	By:	/s/ Helaine Kaplan
	 	 	Name:  Helaine Kaplan
Title:   Managing Director

 

BMARK
2018-B3 – Co-Lender Agreement

 

     

    

    

 

EXHIBIT
A

 

MORTGAGE
LOAN SCHEDULE

 

   A.       Description
of Mortgage Loan

 

	Borrower:	Walsam
    36 Delaware LLC
	Mortgage
    Loan Origination Date:	February
    9, 2018
	Initial
    Principal Amount of Mortgage Loan:	$77,000,000
	Location
    of Mortgaged Property:	315-325
    West 36th Street, New York, New York 10018
	Current
    Use of Mortgaged Property:	Office
    – CBD
	Mortgage
    Interest Rate:	Note
                                         A-1: 4.505%

        

        Note
        A-2: 4.505%

        

        Note
        A-3:  4.505%

        

	Stated
    Maturity Date:	March
    6, 2028

 

     A-4

     

    

 

  B.       Description
of Notes

 

	Mortgage
    Loan Origination Date:	February
    9, 2018
	Initial
    Note A-1 Principal Balance:	$42,000,000
	Initial
    Note A-2 Principal Balance:	$30,000,000
	Initial
    Note A-3 Principal Balance:	$5,000,000
	Initial
    Note A-1 Percentage Interest	54.55%
	Initial
    Note A-2 Percentage Interest	38.96%
	Initial
    Note A-3 Percentage Interest	6.49%
	Note
    A-1 Interest Rate:	4.505%
	Note
    A-2 Interest Rate:	4.505%
	Note
    A-3 Interest Rate:	4.505%
	Note
    A-1 Default Interest Rate:	Lesser
    of (a) the maximum rate permitted by law or (b) four percent (4%) above the Note A-1 Interest Rate
	Note
    A-2 Default Interest Rate:	Lesser
    of (a) the maximum rate permitted by law or (b) four percent (4%) above the Note A-2 Interest Rate
	Note
    A-3 Default Interest Rate:	Lesser
    of (a) the maximum rate permitted by law or (b) four percent (4%) above the Note A-3 Interest Rate

 

     A-5

     

    

 

EXHIBIT
B

 

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

 

Deutsche
Bank AG, New York Branch 

60
Wall Street, 10th Floor 

New
York, New York 10005 

Attention:
Robert Pettinato and Lisa Patterson

Facsimile
No. (212) 797-4489

 

with
a copy to:

 

Deutsche
Bank AG, New York Branch 

60
Wall Street, 10th Floor

New
York, New York 10005

Attention:
General Counsel

Facsimile
No. (646) 736-5721

 

with
a copy to:

 

Sidley
Austin LLP

787
Seventh Avenue

New
York, New York 10019

Attention:
Alan S. Weil, Esq.

Facsimile
No. (212) 839-5599

 

with
a copy to:

 

Midland
Loan Services, a Division of PNC Bank, National Association

10851
Mastin, Ste 300

Overland
Park, Kansas 66210

Attention:
Jon C. Porter

Facsimile
No. (913) 253-9001

 

     B-1

     

    

 

EXHIBIT
C

 

PERMITTED
FUND MANAGERS

 

Westbrook
Partners 

iStar
Financial Inc. 

Capital
Trust 

Archon
Capital, L.P.

Whitehall
Street Real Estate Fund, L.P.

The
Blackstone Group

Normandy
Real Estate Partners

Dune
Real Estate Partners

AllianceBernstein

Rockwood

RREEF
Funds

Hudson
Advisors

Artemis
Real Estate Partners

Apollo
Real Estate Advisors

Colony
Capital, Inc.

Praedium
Group

Fortress
Investment Group, LLC

Lonestar
Opportunity Funds

Clarion
Partners

Walton
Street Capital, LLC

Starwood
Financial Trust

BlackRock,
Inc.

Eightfold
Real Estate Capital, L.P.

KKR
Real Estate Manager Finance LLC

 

    C-1

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