Document:

Exhibit
4.16

EXECUTION
VERSION

 

CO-LENDER AGREEMENT

Dated as of June 17, 2019

by and between

CITI REAL ESTATE FUNDING INC.

(Initial Note A-1 Holder)

and

CITI REAL ESTATE FUNDING INC.

(Initial Note A-2 Holder)

Green Hills Corporate Center
Mortgage Loan

 

     

     

    

TABLE OF CONTENTS

Page

	Section 1.   Definitions; Conflicts	1
	Section 2.   Servicing of the Mortgage Loan	14
	Section 3.   Priority of Payments	25
	Section 4.   Workout	26
	Section 5.   Administration of the Mortgage Loan	27
	Section 6.   Appointment of Controlling Note Holder Representative and Non-Controlling Note Holder Representative	32
	Section 7.   Appointment of Special Servicer	33
	Section 8.   Payment Procedure	34
	Section 9.   Limitation on Liability of the Note Holders	35
	Section 10.   Bankruptcy	36
	Section 11.   Representations of the Note Holders	36
	Section 12.   No Creation of a Partnership or Exclusive Purchase Right	37
	Section 13.   Other Business Activities of the Note Holders	37
	Section 14.   Sale of the Notes	37
	Section 15.   Registration of the Notes and Each Note Holder	40
	Section 16.   Governing Law; Waiver of Jury Trial	41
	Section 17.   Submission to Jurisdiction; Waivers	41
	Section 18.   Modifications	42
	Section 19.   Successors and Assigns; Third Party Beneficiaries	42
	Section 20.   Counterparts	42
	Section 21.   Captions	42
	Section 22.   Severability	42
	Section 23.   Entire Agreement	42
	Section 24.   Withholding Taxes	43
	Section 25.   Custody of Mortgage Loan Documents	44
	Section 26.   Cooperation in Securitization	44
	Section 27.   Notices	45
	Section 28.   Broker	46
	Section 29.   Certain Matters Affecting the Agent	46
	Section 30.   Reserved	46
	Section 31.   Resignation of Agent	46
	Section 32.   Resizing	47

 

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THIS CO-LENDER AGREEMENT
(this “Agreement”), dated and effective as of June 17, 2019, by and between CITI REAL ESTATE FUNDING INC. (“CREFI”
and together with its successors and assigns in interest, in its capacity as owner of Note A-1, the “Initial Note A-1
Holder”, and in its capacity as the initial agent, the “Initial Agent”), CREFI (together with its
successors and assigns in interest, in its capacity as owner of Note A-2, the “Initial Note A-2 Holder” and,
together with the Initial Note A-1 Holder and the Note A-2 Holder, the “Initial Note Holders”).

W I T N E S S E T H:

WHEREAS, pursuant
to the Mortgage Loan Agreement (as defined herein), CREFI originated a certain loan (the “Mortgage Loan”) described
on the schedule attached hereto as Exhibit A (the “Mortgage Loan Schedule”) to the mortgage loan borrower described
on the Mortgage Loan Schedule (the “Mortgage Loan Borrower”), which was evidenced by a promissory note, dated
as of April 30, 2019, in the original principal amount of $61,500,000 (the “Original Note”) 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, CREFI and
the Mortgage Loan Borrower have agreed, pursuant to that certain Note Splitter and Loan Modification Agreement, dated as of May
5, 2019, between such parties, to split the Original Note into two promissory notes and the Mortgage Loan Borrower has executed
and delivered to CREFI (i) one substitute promissory note in the original principal amount of $50,000,000 (“Note A-1”)
made by the Mortgage Loan Borrower in favor of the Initial Note A-1 Holder, and (ii) one substitute promissory note in the original
principal amount of $11,500,000 (“Note A-2”) made by the Mortgage Loan Borrower in favor of the Initial Note
A-2 Holder, each dated as of April 30, 2019; and

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

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

Section
1.Definitions; Conflicts. References to a “Section” or the “recitals” are, unless otherwise
specified, to a Section or the recitals of this Agreement. Capitalized terms not otherwise defined herein shall have the respective
meanings ascribed to such terms or any one or more analogous terms in the Lead Securitization Servicing Agreement. Whenever used
in this Agreement, the following terms shall have the respective meanings set forth below unless the context clearly requires otherwise.
In the event of, and to the extent of, a conflict between this Agreement and the Lead Securitization Servicing Agreement, this
Agreement shall control.

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

      

     

    

“Agent”
shall mean the Initial Agent or such Person to whom the Initial Agent shall assign or delegate its duties hereunder, and at any
time that the Lead Securitization Note is included in the Lead Securitization, shall mean the Master Servicer as of such time.

“Agent Office”
shall mean the designated office of the Agent, which office at the date of this Agreement is the office of the Initial Note A-1
Holder listed on Exhibit B hereto, and which is the address to which notices to and correspondence with the Agent should be directed.
The Agent may change the address of its designated office by notice to the Note Holders.

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

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

“Asset Representations
Reviewer” shall mean Pentalpha Surveillance LLC or its successor in interest, or any successor asset representations
reviewer appointed as provided in the Lead Securitization Servicing Agreement.

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

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

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

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

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

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

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

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

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

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

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

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

“Controlling
Note Holder” shall mean the Note A-1 Holder; provided that for so long as greater than 50% of Note A-1 is held by (or
the majority “controlling class” holder or other party assigned the rights to exercise the rights of the Note A-1 Holder
is) the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, the Note A-1 Holder (and the majority “controlling
class” holder or other party assigned the rights to exercise the rights of the Note A-1 Holder) shall not be entitled to
exercise any rights it may otherwise have as Controlling Note Holder, and there shall be deemed to be no Controlling Note Holder
hereunder. At any time that Note A-1 is included in a Securitization, references to the “Controlling Note Holder” shall
mean the Lead Securitization Subordinate Class Representative or any other party assigned the rights to exercise the rights of
the “Controlling Note Holder” hereunder, as and to the extent provided in the related Lead Securitization Servicing
Agreement. In addition, the related Lead Securitization Servicing Agreement may contain additional limitations on the rights of
such designated party entitled to exercise the rights of the “Controlling Note Holder” hereunder if such designated
party is the Mortgage Loan Borrower or if it has certain relationships with the Mortgage Loan Borrower (which additional limitations
shall, as and to the extent provided in the Lead Securitization Servicing Agreement, accordingly limit the rights of the designated
party to exercise any rights provided hereunder).

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

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

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

“Depositor”
shall mean J.P. Morgan Chase Commercial Mortgage Securities Corp.

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

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

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

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

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

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

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

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

“Interest
Rate” shall mean the Interest Rate (as defined in the Mortgage Loan Documents).

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

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

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

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

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

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

“Lead Securitization
Servicing Agreement” shall mean the pooling and servicing agreement to be entered into in connection with the Securitization
of Note A-1 and issuance of Benchmark 2019-B11 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B11,
between the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor and the Asset Representations Reviewer,
the Certificate Administrator and the Trustee. The Servicing Standard in the Lead Securitization Servicing Agreement shall require,
among other things, that each Servicer, in servicing the Mortgage Loan, must take into account the interests of each Note Holder.

“Lead Securitization
Subordinate Class Representative” shall mean the “Controlling Class Representative” or “Directing Holder”
(or any term substantially similar thereto) as defined in the Lead Securitization Servicing Agreement.

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

“Loan Combination
Custodial Account” shall mean the “Loan Combination Custodial Account”, “Secured Whole Loan Collection
Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

“Major Decisions”
shall have the meaning given to such term or any analogous term in the Lead Securitization Servicing Agreement; provided that,
at any time that Note A-1 is not included in the Lead Securitization, “Major Decision” shall mean, collectively:

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

(ii)       any
modification, consent to a modification or waiver of a monetary term (other than Penalty Charges if the Mortgage Loan is not a
Specially Serviced Loan) or material non-monetary term (including, without limitation, a modification with respect to the timing
of payments and acceptance of discounted payoffs but excluding waiver of Penalty Charges) of the Mortgage Loan or any extension
of the Maturity Date of the Mortgage Loan;

(iii)       any
sale of the Mortgage Loan (when it is a Defaulted Mortgage Loan) or REO Property (other than in connection with the termination
of the Lead Securitization Trust) for less than the applicable Purchase Price;

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(iv)       any
determination to bring an REO Property into compliance with applicable environmental laws or to otherwise address Hazardous Materials
located at an REO Property;

(v)       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 immaterial condemnation actions and other similar takings or if otherwise required pursuant to the
specific terms of the Mortgage Loan and for which there is no lender discretion;

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

(vii)       any
property management company changes or franchise changes (in each case, to the extent the lender is required to consent or approve
under the Mortgage Loan Documents);

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

(ix)       any
acceptance of an assumption agreement or any other agreement permitting transfer of interests in the Mortgage Loan Borrower or
a guarantor releasing the Mortgage Loan Borrower or a guarantor from liability under the Mortgage Loan other than pursuant to the
specific terms of the Mortgage Loan and for which there is no lender discretion;

(x)       following
a default or an event of default with respect to the Mortgage Loan, any acceleration of the Mortgage Loan, or initiation of judicial,
bankruptcy or similar proceedings under the Mortgage Loan Documents or with respect to the Mortgage Loan Borrower or Mortgaged
Property;

(xi)       any
modification, waiver or amendment of an intercreditor agreement, co-lender agreement or similar agreement with any mezzanine
lender or subordinate debt holder related to the Mortgage Loan, or an action to enforce rights with respect thereto;

(xii)       any
determination of an Acceptable Insurance Default;

(xiii)       any
proposed modification or waiver of any material provision in the Mortgage Loan Documents governing the type, nature or amount of
insurance coverage required to be obtained and maintained by the Mortgage Loan Borrower; and

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(xiv)       any
approval of any casualty insurance settlements or condemnation settlements, and any determination to apply casualty proceeds or
condemnation awards to the reduction of the debt rather than to the restoration of the Mortgaged Property.

“Master Servicer”
shall mean Midland Loan Services, a Division of PNC Bank, National Association or its successor in interest, or any successor master
servicer appointed as provided in the Lead Securitization Servicing Agreement.

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

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

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

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

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

“Mortgage
Loan Agreement” shall mean the Loan Agreement, dated as of April 30, 2019, between the Mortgage Loan Borrower, as borrower,
and CREFI, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject
to the terms hereof.

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

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

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

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

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

“Non-Controlling
Note Holder” shall mean each Note Holder that is not the Controlling Note Holder; provided that for so long as greater
than 50% of any Non-Controlling Note is held by (or the majority “controlling class” holder or other party assigned
the rights to exercise the rights of such Non-Controlling Note Holder is) the Mortgage Loan Borrower or an Affiliate of the Mortgage
Loan Borrower, such Non-Controlling Note (and the majority “controlling class” holder or other party assigned the rights
to exercise the rights of such Non-

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Controlling Note Holder) shall not be
entitled to exercise any rights of such Non-Controlling Note Holder, and there shall be deemed to be no Non-Controlling Note Holder
hereunder with respect to such Non-Controlling Note. If the Non-Controlling Note is included in a Securitization, the related Securitization
Servicing Agreement may contain additional limitations on the rights of such designated party entitled to exercise the rights of
the “Non-Controlling Note Holder” hereunder if such designated party is the Mortgage Loan Borrower or if it has certain
relationships with the Mortgage Loan Borrower (which additional limitations shall, as and to the extent provided in the related
Securitization Servicing Agreement, accordingly limit the rights of the designated party to exercise any rights provided hereunder).

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

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

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

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

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

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

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

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

“Non-Lead
Securitization Determination Date” shall have the meaning assigned to such term in Section 2(c)(iii).

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

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

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

“Non-Lead
Securitization Subordinate Class Representative” shall mean, with respect to any Non-Lead Securitization, the holders
of the majority of the class of securities issued in the Securitization of the related Non-Lead Securitization Note designated
as the “controlling class” pursuant to the related Non-Lead Securitization Servicing Agreement or their duly appointed
representative.

“Non-Lead
Securitization Trust” shall mean any Securitization Trust that holds a Non-Lead Securitization Note.

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

“Non-Lead
Sponsor” shall mean, with respect to any Non-Lead Securitization Note, the related Note Holder that acts as the sponsor
with respect to such Non-Lead Securitization Note in connection with the related Non-Lead Securitization.

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

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

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

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

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

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

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

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

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

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

“Notes”
shall mean, collectively, Note A-1 and Note A-2, as each such note is amended, modified, supplemented or split.

“Operating
Advisor” shall mean Pentalpha Surveillance LLC or its successor in interest, or any successor operating advisor appointed
as provided in the Lead Securitization Servicing Agreement.

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

“Percentage
Interest” shall mean, (a) with respect to the Note A-1 Holder, a fraction, expressed as a percentage, the numerator of
which is the Note A-1 Principal Balance and the denominator of which is the sum of the Note A-1 Principal Balance and the Note
A-2 Principal Balance, and (b) with respect to the Note A-2 Holder, a fraction, expressed as a percentage, the numerator of which
is the Note A-2 Principal Balance and the denominator of which is the sum of the Note A-1 Principal Balance and the Note A-2 Principal
Balance.

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

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

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

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

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

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

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rating to one or more classes
of securities issued in connection with the Lead Securitization, or

(c)       one
or more of the following:

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

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

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

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

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

(d)       any
entity Controlled by any of the entities described in clause (c)(i), (ii), (iv)(B) or (v) of this definition or approved by the
Rating Agencies hereunder as a Qualified Institutional Lender for purposes of this Agreement, or as to which the Rating Agencies
have stated they would not review such entity in connection with the subject transfer.

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

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

“Rating Agency
Confirmation” shall mean (i) prior to a Securitization, with respect to any matter that each applicable Rating Agency
shall have confirmed in writing (which may be in electronic form) that a proposed action, failure to act or other event so specified
will not, in and of itself, result in the downgrade, withdrawal or qualification of the then-current ratings assigned by such Rating
Agency to any securities issued in connection with any Securitization; provided, however, that a written waiver or
other acknowledgment or course of conduct from the Rating Agency indicating its decision not to review the matter for which the
Rating Agency Confirmation is sought shall be deemed to satisfy the requirement for the Rating Agency Confirmation from each Rating
Agency with respect to such matter, and (ii) after a Securitization, the meaning given thereto or to any analogous term in the
Lead Securitization Servicing Agreement including any deemed Rating Agency Confirmation.

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

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

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

“Required
Special Servicer Rating” shall mean with respect to a special servicer (i) in the case of Fitch, a rating of “CSS3”,
(ii) in the case of S&P, such special servicer is on S&P’s Select Servicer List as a U.S. Commercial Mortgage Special
Servicer, (iii) in the case of Moody’s, such special servicer is acting as special servicer for one or more loans included
in a commercial mortgage loan securitization that was rated by Moody’s within the twelve (12) month period prior to the date
of determination, and Moody’s has not downgraded or withdrawn the then-current rating on any class of commercial mortgage
securities or placed any class of commercial mortgage securities on watch citing the continuation of such special servicer as special
servicer of such commercial mortgage loans, (iv) in the case of Morningstar, such special servicer has a ranking by Morningstar
equal to or higher than “MOR CS3” as a special servicer, provided that, if Morningstar has not issued a ranking
with respect to such special servicer, such special servicer is currently acting as Special Servicer on a deal or transaction-level
basis for all or a significant portion of the related mortgage loans in one or more other commercial mortgage-backed securitizations,
and Morningstar has not, with respect to any such other transactions, qualified, downgraded or withdrawn its rating or ratings
on one or more classes of securities issued in such transactions or placed any class of commercial mortgage securities on watch
citing the continuation of such special servicer as special servicer of such mortgage loans, (v) in the case of DBRS, such special
servicer is currently acting as a servicer for one or more loans included in a commercial mortgage-backed securitization that was
rated by DBRS within the twelve (12) month period prior to the date of determination, and DBRS has not downgraded or withdrawn
the then-current rating on any class of commercial mortgage securities or placed any class of commercial mortgage securities on
watch status citing the continuation of such special servicer as servicer of such commercial mortgage loans as the sole or a material
factor in any 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 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.

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

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

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“Securitization
Date” shall mean the effective date on which the Lead Securitization is consummated.

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

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

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

“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 or other analogous term in the Lead Securitization Servicing
Agreement or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement,
any analogous concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the
terms of this Agreement.

“Special
Servicer” shall mean Rialto Capital Advisors, LLC or its successor in interest, or any successor special servicer appointed
as provided in the Lead Securitization Servicing Agreement.

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

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

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

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

Section
2.Servicing of the Mortgage Loan.

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

    14 

     

    

to the Lead Securitization Servicing
Agreement and this Agreement; provided that the Master Servicer shall not be obligated to advance monthly payments of principal
or interest in respect of any Note other than the Lead Securitization Note if such principal or interest is not paid by the Mortgage
Loan Borrower but shall be obligated to advance delinquent real estate taxes, insurance premiums and other expenses related to
the maintenance of the Mortgaged Property and maintenance and enforcement of the lien of the Mortgage thereon, subject to the terms
of the Lead Securitization Servicing Agreement (including a determination of recoverability thereunder). Each Note Holder acknowledges
that the other Note Holder may elect, in its sole discretion, to include its Note in a Securitization and agrees that it will,
subject to Section 26, reasonably cooperate with such other Note Holder, at such other Note Holder’s expense, to effect such
Securitization. Subject to the terms and conditions of this Agreement, each Note Holder hereby irrevocably and unconditionally
consents to the appointment of the Master Servicer, the Certificate Administrator, the Operating Advisor and the Trustee under
the Lead Securitization Servicing Agreement by the Depositor, and the appointment of the Special Servicer as the initial Special
Servicer under the Lead Securitization Servicing Agreement by the Depositor (subject to replacement by the Controlling Note Holder
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 the Lead Securitization Servicing Agreement. Each Note Holder hereby appoints the Master
Servicer, the Special Servicer and the Trustee in the Lead Securitization as such Note Holder’s attorney-in-fact to sign
any documents reasonably required with respect to the administration and servicing of the Mortgage Loan on its behalf under the
Lead Securitization Servicing Agreement (subject at all times to the rights of the Note Holder set forth herein and in the Lead
Securitization Servicing Agreement). In no event shall the Lead Securitization Servicing Agreement require the Servicer to enforce
the rights of any Note Holder or limit the Servicer in enforcing the rights of one Note Holder against the other Note Holder; however,
this statement shall not be construed to otherwise limit the rights of one Note Holder with respect to the other Note Holder. Each
Servicer shall be required pursuant to the Lead Securitization Servicing Agreement to service the Mortgage Loan in accordance with
the Servicing Standard, the terms of the Mortgage Loan Documents, the Lead Securitization Servicing Agreement, this Agreement and
applicable law, and shall not take any action or refrain from taking any action or follow any direction inconsistent with the foregoing.

At any time that the
Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the Note Holders agree to
cause the Mortgage Loan to be serviced by one or more servicers, each of which has been agreed upon by the Note Holders, pursuant
to a servicing agreement that has servicing terms substantially similar to the Lead Securitization Servicing Agreement and all
references herein to the “Lead Securitization Servicing Agreement” shall mean such subsequent servicing agreement;
provided, however, that if a Non-Lead Securitization Note is in a Securitization, then a written confirmation shall
have been obtained from each Rating Agency that the appointment of the servicer(s) pursuant to such servicing agreement would not,
in and of itself, cause a downgrade, qualification or withdrawal of the then-current ratings assigned to the securities issued
in connection with such Securitization; provided, further, however, that until a replacement servicing agreement
has been entered into, the Lead Securitization Note Holder shall cause the Mortgage Loan to be serviced pursuant to the provisions
of the Lead Securitization Servicing Agreement as if such agreement was still in full force and effect with respect to the Mortgage
Loan, by the Servicer in the Lead Securitization or by any Master Servicer appointed by the Lead Securitization Note Holder that
is a qualified

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servicer meeting the requirements of
the Lead Securitization Servicing Agreement or by any Special Servicer appointed by the Lead Securitization Note Holder that satisfies
the Required Special Servicer Rating.

(b)       The
Master Servicer shall be the lead master servicer on the Mortgage Loan, and from time to time it (or the Trustee, to the extent
provided in the Lead Securitization Servicing Agreement) (i) shall be required to make Property 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 Advance, first from funds on deposit in the Loan Combination Custodial Account for the Mortgage Loan that
(in any case) represent amounts received on or in respect of the Mortgage Loan in the manner provided in the Lead Securitization
Servicing Agreement, and then, in the case of Nonrecoverable Property Advances, if such funds on deposit in the Loan Combination
Custodial Account are insufficient, from general collections of the Lead Securitization as provided in the Lead Securitization
Servicing Agreement and from general collections of each Non-Lead Securitization as provided below. The Master Servicer, the Special
Servicer and the Trustee, as applicable, will be entitled to reimbursement for Advance Interest Amounts on a Property Advance or
a Nonrecoverable Property Advance, in the manner and from the sources provided in the Lead Securitization Servicing Agreement,
including from general collections of the Lead Securitization and, in the case of Property Advances, from general collections of
each Non-Lead Securitization as provided below. Notwithstanding the foregoing, to the extent the Master Servicer, the Special Servicer
or the Trustee, as applicable, obtains funds from general collections of the Lead Securitization as a reimbursement for a Nonrecoverable
Property Advance or any Advance Interest Amounts on a Property Advance or a Nonrecoverable Property Advance, each Non-Lead Securitization
Note Holder (including from general collections or any other amounts from any Non-Lead Securitization Trust) shall be required
to, promptly following notice from the Master Servicer, reimburse the Lead Securitization for its pro rata share of such Nonrecoverable
Property Advance or Advance Interest Amounts.

In addition, each
Non-Lead Securitization Note Holder (including, but not limited to, the related Non-Lead Securitization Trust) shall be required
to, promptly following notice from the Master Servicer or the Special Servicer, pay or reimburse the Lead Securitization for such
Non-Lead Securitization Note Holder’s pro rata share of any Additional Trust Fund Expenses with respect to the Mortgage Loan
or the Mortgaged Property, any other fees, costs or expenses incurred in connection with the servicing and administration of the
Mortgage Loan as to which the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Operating
Advisor or the Depositor, as applicable, is entitled to be reimbursed pursuant to the Lead Securitization Servicing Agreement,
and any fees, costs or expenses related to obtaining a Rating Agency Confirmation, in each case to the extent amounts on deposit
in the Loan Combination Custodial Account that are allocated to the related Non-Lead Securitization Note are insufficient for reimbursement
of such amounts (which such reimbursement shall be made, if such Non-Lead Securitization Note has been included in a Non-Lead Securitization,
from general collections or any other amounts from such Non-Lead Securitization Trust). Each Non-Lead Securitization Holder agrees
to indemnify (i) (as and to the same extent the Lead Securitization Trust is required to indemnify each of the following parties
in respect of other mortgage loans in the Lead

    16 

     

    

Securitization Trust pursuant to the
terms of Lead Securitization Servicing Agreement) each of the Master Servicer, the Special Servicer, the Certificate Administrator,
the Trustee, the Operating Advisor and the Depositor (and any director, officer, employee or agent of any of the foregoing, to
the extent such parties are identified as indemnified parties in the Lead Securitization Servicing Agreement in respect of other
mortgage loans) and (ii) the Lead Securitization Trust (such parties in clause (i) and the Lead Securitization Trust, collectively,
the “Indemnified Parties”) against any claims, losses, penalties, fines, forfeitures, legal fees and related
costs, judgments and any other costs, liabilities, fees and expenses incurred in connection with the servicing and administration
of the Mortgage Loan and the Mortgaged Property (or, with respect to the Operating Advisor, incurred in connection with the provision
of services for the Mortgage Loan) under the Lead Securitization Servicing Agreement (collectively, the “Indemnified Items”)
to the extent of its pro rata share of such Indemnified Items, and to the extent amounts on deposit in the Loan Combination Custodial
Account that are allocated to the related Non-Lead Securitization Note are insufficient for reimbursement of such amounts, such
Non-Lead Securitization Note Holder shall be required to, promptly following notice from the Master Servicer, the Special Servicer
or the Trustee, reimburse each of the applicable Indemnified Parties for its pro rata share of the insufficiency (including, if
a Non-Lead Securitization Note has been included in a Non-Lead Securitization, from general collections or any other amounts from
the related Non-Lead Securitization Trust).

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

    17 

     

    

be, within two (2) Business Days of
making such determination. Each of the Master Servicer, the Trustee, any Non-Lead Master Servicer and any Non-Lead Trustee, as
applicable, will only be entitled to reimbursement for a P&I Advance that becomes non-recoverable and advance interest thereon
first from the Loan Combination Custodial Account from amounts allocable to the Note for which such P&I Advance was
made, and then, if funds are insufficient, (i) in the case of the Lead Securitization Note, from general collections of
the Lead Securitization Trust, pursuant to the terms of the Lead Securitization Servicing Agreement and (ii) in the case of a Non-Lead
Securitization Note, from general collections of the related Securitization Trust, as and to the extent provided in the related
Non-Lead Securitization Servicing Agreement.

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

(i)       the
Master Servicer or Trustee shall be required to provide written notice to each Non-Lead Master Servicer and each Non-Lead Trustee
of any P&I Advance it has made with respect to the Lead Securitization Note within two (2) Business Days of making such advance;

(ii)       if
the Master Servicer determines that a proposed P&I Advance with respect to the Lead Securitization Note or Property Advance
with respect to the Mortgage Loan, if made, or any outstanding P&I Advance or Property Advance previously made, would be, or
is, as applicable, a Nonrecoverable Advance, the Master Servicer shall provide each Non-Lead Master Servicer written notice of
such determination promptly after such determination was made together with such reports that the Master Servicer delivered to
the Special Servicer or Trustee in connection with notification of its determination of nonrecoverability;

(iii)       the
Master Servicer shall remit all payments received with respect to any Non-Lead Securitization Note, net of the servicing fees payable
to the Master Servicer and Special Servicer with respect to such Non-Lead Securitization Note, and any other applicable fees and
reimbursements payable to the Master Servicer, the Special Servicer and the Trustee, to the related Non-Lead Securitization Note
Holder by the earlier of (x) the Master Servicer Remittance Date (as defined in the Lead Securitization Servicing Agreement) and
(y) the Business Day following the “determination date” (or any term substantially similar thereto) as defined in the
related Non-Lead Securitization Servicing Agreement (such determination date, the “Non-Lead Securitization Determination
Date”), in each case, as long as the date on which remittance is required under this clause (iii) is at least one (1)
Business Day after the scheduled monthly payment date under the Mortgage Loan Agreement;

(iv)       in
connection with the expedited remittances contemplated by the preceding clause (iii) and the expedited reporting contemplated
by the following clause (v), (A) the Special Servicer shall (x) expedite its delivery of reports to the Master Servicer
with respect to the Mortgage Loan or the Mortgaged Property (including the delivery of information contemplated by CREFC® reports
that the Special Servicer is required to deliver to the

    18 

     

    

Master Servicer) so that the reports
(including CREFC® reports) provided by the Master Servicer to the Non-Lead Securitization Note Holder may include all information
contemplated to be included therein for the applicable reporting period, and (y) expedite withdrawals from accounts maintained
by it and remittances to the Master Servicer in respect of the Mortgage Loan or the Mortgaged Property so that the Master Servicer’s
remittances to the Non-Lead Securitization Note Holder contemplated by the preceding clause (iii) may include all amounts
for the applicable collection period; and (B) each party responsible under the Lead Securitization Servicing Agreement for delivering
any Additional Form 10-D Disclosure (or analogous information) to a Non-Lead Trustee or Non-Lead Depositor in respect of a Non-Lead
Securitization Note shall deliver such Additional Form 10-D Disclosure (or analogous information) no later than the 5th calendar
day following the distribution date for the related Non-Lead Securitization;

(v)       with
respect to any Non-Lead Securitization Note that is held by a Securitization, the Master Servicer agrees to deliver or cause to
be delivered or to make available to the related Non-Lead Master Servicer all reports required to be delivered by the Master Servicer
to the Certificate Administrator and the Trustee under the Lead Securitization Servicing Agreement (which shall include all loan-level
reports constituting the CREFC® Investor Reporting Package (IRP)) pursuant to the terms of the Lead Securitization
Servicing Agreement, to the extent related to the Mortgage Loan, the Mortgaged Property, such Non-Lead Securitization Note, the
Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee, by the earlier of (x) the Master Servicer
Remittance Date and (y) the Business Day following the related Non-Lead Securitization Determination Date, in each case, as long
as the date on which delivery is required under this clause (v) is at least one (1) Business Day after the scheduled monthly payment
date under the Mortgage Loan Agreement;

(vi)       the
Master Servicer and the Special Servicer, as applicable, shall provide (in electronic media) to each Non-Lead Securitization Note
Holder all documents, certificates, instruments, notices, reports, operating statements, rent rolls and other information regarding
the Mortgage Loan provided by it to the Lead Securitization Subordinate Controlling Class Representative or the Operating Advisor
in connection with any request for consent made to, or consultation with, such party at the time provided to such other party;

(vii)       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 Note Holders (including the respective trustees and
certificateholders) in accordance with the terms and provisions of this Agreement, the Lead Securitization Servicing Agreement
and the Servicing Standard;

(viii)       each
Non-Lead Securitization Note Holder shall be entitled to the same indemnity as the Lead Securitization Note Holder under the Lead
Securitization Servicing Agreement; each of the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator,
the Operating Advisor, the Custodian shall be required to (and shall require any Servicing Function Participant or Additional Servicer
engaged by it to) indemnify each Certifying Person and the depositor of any public Other Securitization Trust, and their

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respective directors and officers
and controlling persons, to the same extent that they indemnify the Depositor (as depositor in respect of the Lead Securitization)
and each Certifying Person for (A) its failure to deliver the items in clause (ix) below in a timely manner, (B) its failure to
perform its obligations to such depositor or the related Non-Lead Trustee under Article XI (or any article substantially similar
thereto) of the Lead Securitization Servicing Agreement by the time required after giving effect to any applicable grace period
or cure period, (C) the failure of any Servicing Function Participant or Additional Servicer retained by it (other than a Mortgage
Loan Seller Sub-Servicer) to perform its obligations to such depositor or trustee under such Article XI (or any article substantially
similar thereto) of the Lead Securitization Servicing Agreement by the time required and/or (D) any Deficient Exchange Act Deliverable
regarding, and delivered by or on behalf of, such party;

(ix)       with
respect to any Non-Lead Securitization that is subject to reporting requirements under the Securities Act, the Exchange Act (including
Rule 15Ga-1), and Regulation AB, (a) the Master Servicer, any primary servicer, the Special Servicer, the Trustee, the Certificate
Administrator or other party acting as custodian for the Lead Securitization shall be required to deliver (and shall be required
to cause each other servicer and servicing function participant (within the meaning of Items 1123 and 1122, respectively, of Regulation
AB) retained or engaged by it to deliver (provided that such party shall only be required to use commercially reasonable efforts
to cause a Mortgage Loan Seller Sub-Servicer to deliver)), in a timely manner (i) the reports, certifications, compliance statements,
accountants’ assessments and attestations, and information to be included in reports (including, without limitation, Form
ABS-15G, Form 10-K, Form 10-D and Form 8-K), and (ii) upon request, any other materials specified in the related Non-Lead Securitization
Servicing Agreement, in the case of clauses (i) and (ii), as the related Non-Lead Depositor or the related Non-Lead Trustee reasonably
believes, in good faith, are required in order for the related Non-Lead Depositor or the related Non-Lead Trustee to comply with
(1) its obligations under the Securities Act, the Exchange Act (including Rule 15Ga-1), Regulation AB and Form SF-3 and (2) any
applicable comment letter from the Commission or its obligations with respect to any Deficient Exchange Act Deliverable, (b) without
limiting the generality of the foregoing (x) the Depositor or the related Holder shall provide
or cause to be provided to the related Non-Lead Depositor (and to counsel to the related Non-Lead Depositor) and the related Non-Lead
Trustee (1) written notice (which may be by email) in a timely manner (but no later than three (3) Business Days prior to closing)
of the occurrence of the Lead Securitization, and (2) no later than the closing date of the Lead Securitization, a copy of the
Lead Securitization Servicing Agreement in an EDGAR-compatible format, and (y) the Master Servicer and Special Servicer (or any
replacement Master Servicer or Special Servicer, as applicable) shall, upon reasonable prior written request, and subject to the
right of the Master Servicer or the Special Servicer, as the case may be, to review and approve such disclosure materials, permit
a holder of any Non-Lead Securitization Note to use such party’s description contained in the Lead Securitization prospectus
(updated as appropriate by the Master Servicer or Special Servicer, as applicable, at the cost of the related Non-Lead Sponsor)
or contained in a Lead Securitization Form 8-K, for inclusion in the disclosure materials or a Form 8-K relating to any securitization
of the related Non-Lead Securitization Note, and (z) the Master Servicer and the Special Servicer (or any replacement Master Servicer
or

    20 

     

    

Special Servicer, as applicable),
shall provide indemnification agreements, opinions and Regulation AB compliance letters as were or are being delivered with respect
to the Lead Securitization (in each case, at the cost of the related Non-Lead Sponsor), and (c) in
connection with any amendment of the Lead Securitization Servicing Agreement, the Depositor shall provide written notice (which
may be by email) of such proposed amendment to any Non-Lead Depositor and the related Non-Lead Trustee no later than three (3)
Business Days prior to the date of effectiveness of such amendment, and, on the date of effectiveness of such amendment to the
Lead Securitization Servicing Agreement, provide a copy of such amendment in an EDGAR-compatible format to such Non-Lead Depositor
and the related Non-Lead Trustee. The Master Servicer and the Special Servicer shall each be required to provide certification
and indemnification to any Certifying Person with respect to any applicable Sarbanes-Oxley Certification with respect to a Non-Lead
Securitization;

(x)       each
of the Master Servicer, the Special Servicer, the Custodian and the Trustee and each Affected Reporting Party shall cooperate (and
require each Servicing Function Participant and Additional Servicer retained by it to cooperate under the applicable Sub-Servicing
Agreement), with each Non-Lead Depositor (including, without limitation, providing all due diligence information, reports, written
responses, negotiations and coordination) to the same extent as such party is required to cooperate with the Lead Depositor under
Article XI (or any article substantially similar thereto) of the Lead Securitization Servicing Agreement and in connection with
Deficient Exchange Act Deliverables. All respective reasonable out-of-pocket costs and expenses incurred by any Non-Lead Depositor
(including reasonable legal fees and expenses of outside counsel to such depositor) in connection with the foregoing (other than
those costs and expenses related to participation by such Non-Lead Depositor in any telephone conferences and meetings with the
Commission and other costs such Non-Lead Depositor must bear pursuant to Article XI (or any article substantially similar thereto)
of the Lead Securitization Servicing Agreement) and any amendments to any reports filed with the Commission therewith shall be
promptly paid by the applicable Affected Reporting Party upon receipt of an itemized invoice from such Non-Lead Depositor;

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

(xii)       each
Non-Lead Securitization Note Holder is an intended third-party beneficiary in respect of the rights afforded it under the Lead
Securitization Servicing Agreement and the related Non-Lead Master Servicer shall be entitled to enforce the rights

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of such Non-Lead Securitization
Note Holder under this Agreement and the Lead Securitization Servicing Agreement;

(xiii)       each
Non-Lead Master Servicer and each Non-Lead Special Servicer shall each be a third-party beneficiary of the Lead Securitization
Servicing Agreement with respect to all provisions therein expressly relating to compensation, reimbursement or indemnification
of such Non-Lead Master Servicer or such Non-Lead Special Servicer, as the case may be, and the provisions regarding coordination
of Advances;

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

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

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

(xvii)       Servicer
Termination Events with respect to the Master Servicer and the Special Servicer shall include: (A) solely with respect to the Master
Servicer, the failure to timely remit payments to any Non-Lead Securitization Note Holder, which failure continues unremedied for
one (1) Business Day following the date on which such payment was to be made; (B) solely with respect to the Special Servicer,
the failure to deposit into any REO Account any amount required to be so deposited within two (2) Business Days after the date
such deposit was to be made, or the failure to remit to the Master Servicer for deposit into the Collection Account or the related
Loan Combination Custodial Account, as applicable, any amount required to be so remitted by the Special Servicer within one (1)
Business Day after the date such remittance was to be made; (C) the qualification, downgrade or withdrawal, or placing on “watch
status” in contemplation of a rating downgrade or withdrawal of the ratings of any class of certificates issued in connection
with any Non-Lead Securitization by the rating agencies rating such securities (and such qualification, downgrade, withdrawal or
“watch status” placement shall not have been withdrawn by such rating agencies within sixty (60) days of actual knowledge
of such event by the Master Servicer or the Special Servicer, as the case may be), and publicly citing servicing concerns with
the Master Servicer or Special Servicer, as applicable, as the sole or a material factor in such rating action; and (D) the failure
to provide to any Non-Lead Securitization Note Holder (if and to the extent required under the related Non-Lead

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Securitization) reports required
under the Exchange Act, and the rules and regulations thereunder, in a timely fashion. Upon the occurrence of such a Servicer Termination
Event with respect to the Master Servicer affecting a Non-Lead Securitization Note Holder and the Master Servicer is not otherwise
terminated pursuant to the Lead Securitization Servicing Agreement, the Trustee shall, upon the direction of such Non-Lead Securitization
Note Holder, require the appointment of a subservicer with respect to the related Non-Lead Securitization Note. Upon the occurrence
of a Servicer Termination Event with respect to the Special Servicer affecting a Non-Lead Securitization Note Holder and the Special
Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Trustee shall, upon direction
of such Non-Lead Securitization Note Holder, terminate the Special Servicer with respect to, but only with respect to, the Mortgage
Loan;

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

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

(xx) the rates
at which Special Servicing Fees, Liquidation Fees and Workout Fees accrue or are determined shall not exceed 0.25% per annum, 1.00%
and 1.00%, respectively, subject to any minimum compensation provided for in the Lead Securitization Servicing Agreement; and

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

(d)       Each
Non-Lead Securitization Note Holder agrees that it shall cause the related Non-Lead Securitization Servicing Agreement to provide
as follows (and to the extent such

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following provisions are not included
in the related Non-Lead Securitization Servicing Agreement, they shall be deemed incorporated therein and made a part thereof):

(i)       Each
Non-Lead Securitization Note Holder shall be responsible for its pro rata share of any Nonrecoverable Property Advances (and advance
interest thereon) and any Additional Trust Fund Expenses, but only to the extent that they relate to servicing and administration
of the Notes and the Mortgaged Property, including without limitation, any unpaid Special Servicing Fees, Liquidation Fees and
Workout Fees relating to the Notes, and that in the event that the funds received with respect to each respective Note are insufficient
to cover such Property Advances or Additional Trust Fund Expenses, (A) the related Non-Lead Master Servicer will be required to,
promptly following notice from the Master Servicer or the Special Servicer, pay or reimburse the Master Servicer, the Special Servicer,
the Certificate Administrator, the Trustee or the Lead Securitization Trust, as applicable, out of general funds in the collection
account (or equivalent account) established under the related Non-Lead Securitization Servicing Agreement for such Non-Lead Securitization
Note Holder’s pro rata share of any such Nonrecoverable Property Advances (together with advance interest thereon) and/or
other Additional Trust Fund Expenses (including compensation due to the Master Servicer and the Special Servicer to the extent
related to the servicing and administration of the Mortgage Loan and the Mortgaged Property), and (B) if the Lead Securitization
Servicing Agreement permits the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee to reimburse
itself from the Lead Securitization Trust’s general account, then the Master Servicer, the Special Servicer, the Certificate
Administrator or the Trustee, as applicable, may do so, and the related Non-Lead Master Servicer will be required to, promptly
following notice from the Master Servicer, the Special Servicer or the Trustee, reimburse the Lead Securitization Trust out of
general funds in the collection account (or equivalent account) established under the related Non-Lead Securitization Servicing
Agreement for such Non-Lead Securitization Note Holder’s pro rata share of any such Nonrecoverable Property Advances (together
with advance interest thereon) and/or Additional Trust Fund Expenses (including compensation due to the Master Servicer and the
Special Servicer to the extent related to the servicing and administration of the Mortgage Loan and the Mortgaged Property);

(ii)       each
of the Indemnified Parties shall be indemnified (as and to the same extent the Lead Securitization Trust is required to indemnify
each of such Indemnified Parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the terms of the
Lead Securitization Servicing Agreement and, in the case of the Lead Securitization Trust, to the extent of any Additional Trust
Fund Expenses with respect to the Mortgage Loan) by the related Non-Lead Securitization Trust, against any of the Indemnified Items
to the extent of its pro rata share of such Indemnified Items and, to the extent amounts on deposit in the Loan Combination Custodial
Account that are allocated to the related Non-Lead Securitization Note are insufficient for reimbursement of such amounts, the
related Non-Lead Master Servicer will be required to reimburse each of the applicable Indemnified Parties for the related Non-Lead
Securitization Note’s pro rata share of the insufficiency out of general funds in the collection account (or equivalent account)
established under the related Non-Lead Securitization Servicing Agreement;

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

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

(e)       The
Initial Note A-1 Holder shall:

(i)                
give each other Note Holder (other than itself) notice of the Securitization of the Lead Securitization Note in writing
(which may be by email) within three (3) Business Days after the printing of the preliminary prospectus for such Securitization,
together with contact information for each of the parties to the related proposed Securitization Servicing Agreement;

(ii)              
on the Securitization Date, send a copy (in EDGAR-compatible format) of the Lead Securitization Servicing Agreement
to the other Note Holders (other than itself); and

(iii)       give
the other Note Holders (other than itself) written notice (which may be by email) in a timely manner (but no later than one (1)
Business Day prior to the applicable filing date) of any re-filing (other than a filing made in connection with a formal amendment
of the Lead Securitization Servicing Agreement) by the Depositor of the Lead Securitization Servicing Agreement subsequent to the
Securitization Date if such filing contains revisions or changes that are material to the other Note Holders.

 

Section
3.Priority of Payments. Each Note shall be of equal priority, and no portion of any Note shall have priority
or preference over any portion of the other Note or security therefor.

All amounts tendered
by the Mortgage Loan Borrower or otherwise available for payment on or with respect to or in connection with the Mortgage Loan
or the Mortgaged Property or amounts realized as proceeds thereof, whether received in the form of Monthly Payments, the

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Balloon Payment, Liquidation Proceeds,
proceeds under any guaranty, letter of credit or other collateral or instrument securing the Mortgage Loan, Condemnation Proceeds,
or Insurance Proceeds (other than proceeds, awards or settlements to be applied to the restoration or repair of the Mortgaged Property
or released to the Mortgage Loan Borrower in accordance with the terms of the Mortgage Loan Documents), 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 property
protection expenses or Property Advances then due and payable or reimbursable to the Trustee or any Servicer under the Lead Securitization
Servicing Agreement and (y) all amounts that are then due, payable or reimbursable (except for (i) any reimbursements of P&I
Advances previously made (and interest thereon) on the Lead Securitization Note, and (ii) any Servicing Fees due to the Master
Servicer in excess of any Non-Lead Securitization Note’s pro rata share of that portion of such Servicing Fees calculated
at the “primary servicing fee rate” (or analogous term) applicable to the Mortgage Loan as set forth in the Lead Securitization
Servicing Agreement) to any Servicer or the Trustee, with respect to the Mortgage Loan pursuant to the Lead Securitization Servicing
Agreement (including without limitation, any Additional Trust Fund Expenses relating to the Mortgage Loan (but subject to second
paragraph of Section 5(e) hereof) reimbursable to, or payable to, such parties and any Special Servicing Fees, Liquidation Fees,
Workout Fees, Assumption Fees, Modification Fees, Penalty Charges (to the extent provided in the immediately following paragraph)
and any other additional compensation payable pursuant to the Lead Securitization Servicing Agreement), shall be applied by the
Lead Securitization Note Holder (or its designee) to the Notes on a Pro Rata and Pari Passu Basis.

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

Section
4.Workout. Notwithstanding anything to the contrary contained herein, but subject to the terms and conditions
of the Lead Securitization Servicing Agreement, and the obligation to act in accordance with the Servicing Standard, if the Lead
Securitization Note

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Holder, or any Servicer, in connection
with a workout or proposed workout of the Mortgage Loan, modifies the terms thereof such that (i) the principal balance of the
Mortgage Loan is decreased, (ii) the Interest Rate is reduced, (iii) payments of interest or principal on any Note are waived,
reduced or deferred or (iv) any other adjustment is made to any of the payment terms of the Mortgage Loan, such modification shall
not alter, and any modification of the Mortgage Loan Documents shall be structured to preserve, the equal priorities of each Note
as described in Section 3.

Section
5.Administration of the Mortgage Loan.

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

Each Note Holder hereby
acknowledges the right and obligation of the Lead Securitization Note Holder (or the Special Servicer acting on behalf of the Lead
Securitization Note Holder), upon the Mortgage Loan becoming a Defaulted Mortgage Loan, to sell the Notes as notes evidencing one
whole loan in accordance with the terms of the Lead Securitization Servicing Agreement. In connection with any such sale, the Special
Servicer shall be required to sell the Notes together in such manner as will be reasonably likely to realize a fair price. Subject
to the other provisions of this paragraph and the two following paragraphs and the applicable provisions of the Lead Securitization
Servicing Agreement, the Special Servicer shall accept the first (and, if multiple offers are contemporaneously received, the highest)
cash offer received from any Person

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that constitutes a fair price for such
Defaulted Mortgage Loan. The Special Servicer shall notify the Controlling Note Holder Representative and each Non-Controlling
Note Holder Representative of any inquiries or offers received regarding the sale of such Defaulted Mortgage Loan.

Whether any cash offer
constitutes a fair price for the Mortgage Loan shall be determined by the Special Servicer, if the highest offeror is a Person
other than an Interested Person, and by the Trustee, if the highest offeror is an Interested Person (provided that the Trustee
may not be an offeror) unless (i) the offer is equal to or greater than the applicable Purchase Price, (ii) the offer is the highest
offer received and (iii) at least two other offers are received from independent third parties; provided, however, that
no offer from an Interested Person shall constitute a fair price unless (i) it is the highest offer received and (ii) at least
two other offers are received from independent third parties. In all cases under this Agreement (except to the extent the Trustee
is not required to determine whether any cash offer constitutes a fair price for the Mortgage Loan pursuant to the immediately
preceding sentence), in determining whether any offer received from an Interested Person represents a fair price for the Mortgage
Loan, the Trustee shall be supplied with and shall rely on the most recent Appraisal or updated Appraisal conducted in accordance
with the Lead Securitization Servicing Agreement within the preceding 9-month period or, in the absence of any such Appraisal,
on a new Appraisal. The appraiser conducting any such new Appraisal shall be an Appraiser selected by (i) the Special Servicer
if no Interested Person is making an offer with respect to the Mortgage Loan and (ii) the Trustee if an Interested Person is so
making an offer. The cost of any such Appraisal shall be covered by, and shall be reimbursable as, a Property Advance. In determining
whether any such offer from a Person other than an Interested Person constitutes a fair price for the Mortgage Loan, the Special
Servicer shall take into account (in addition to the results of any Appraisal, updated Appraisal or narrative Appraisal that it
may have obtained pursuant to the Lead Securitization Servicing Agreement within the prior 9 months), and in determining whether
any offer from an Interested Person constitutes a fair price for the Mortgage Loan, any Appraiser shall be instructed to take into
account, as applicable, among other factors, the period and amount of any delinquency on the Mortgage Loan, the occupancy level
and physical condition of the related Mortgaged Property and the state of the local economy. The Purchase Price for the Mortgage
Loan shall in all cases be deemed a fair price; provided, however, that with respect to Interested Parties, the requirements
of the first sentence of this paragraph must be satisfied. Notwithstanding anything contained in this paragraph to the contrary,
if the Trustee is required to determine whether a cash offer by an Interested Person constitutes a fair price, the Trustee may
(at its option and at the expense of the Interested Person) designate an independent third party expert in real estate or commercial
mortgage loan matters with at least 5 years’ experience in valuing or investing in loans similar to the Mortgage Loan that
has been selected with reasonable care by the Trustee to determine if such cash offer constitutes a fair price for the Mortgage
Loan. If the Trustee designates such a third party to make such determination, the Trustee will be entitled to rely conclusively
upon such third party’s determination. The reasonable costs of all appraisals, inspection reports and broker opinions of
value incurred by any such third party pursuant to this paragraph will be covered by, and will be reimbursable by the Interested
Person; provided that the Trustee will not engage a third party expert whose fees exceed a commercially reasonable amount
as determined by the Trustee.

Notwithstanding the
foregoing, the Lead Securitization Note Holder (or the Special Servicer acting on behalf of the Lead Securitization Note Holder)
shall not be permitted to sell the Mortgage Loan if it becomes a Defaulted Mortgage Loan without the written consent of each Non-

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Controlling Note Holder (provided that
such consent is not required if such Non-Controlling Note Holder is the Mortgage Loan Borrower or an Affiliate of the Mortgage
Loan Borrower) unless the Special Servicer has delivered to each Non-Controlling Note Holder: (a) at least 15 Business Days’
prior written notice of any decision to attempt to sell the Mortgage Loan; (b) at least 10 days prior to the proposed sale date,
a copy of each bid package (together with any material amendments to such bid packages) received by the Special Servicer in connection
with any such proposed sale, (c) at least 10 days prior to the proposed sale date, a copy of the most recent Appraisal for the
Mortgage Loan, and any documents in the Servicing File reasonably requested by any such Non-Controlling Note Holder that are material
to the price of the Mortgage Loan and (d) until the sale is completed, and a reasonable period of time (but no less time than is
afforded to other offerors and the Lead Securitization Subordinate Class Representative) prior to the proposed sale date, all information
and other documents being provided to other offerors and all leases or other documents that are approved by any Servicer in connection
with the proposed sale; provided, that any Non-Controlling Note Holder may waive, as to itself, any of the delivery or timing
requirements set forth in this sentence. Subject to the terms of the Lead Securitization Servicing Agreement, each of the Controlling
Note Holder, the Controlling Note Holder Representative, each Non-Controlling Note Holder and each Non-Controlling Note Holder
Representative shall be permitted to submit an offer at any sale of the Mortgage Loan unless such Person is the Mortgage Loan Borrower
or an agent or Affiliate of the Mortgage Loan Borrower.

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

The authority of the
Lead Securitization Note Holder to sell the Non-Lead Securitization Notes, and the obligations of the Non-Lead Securitization Note
Holders to execute and deliver instruments or deliver the related Non-Lead Securitization Notes upon request of the Lead Securitization
Note Holder, shall terminate and cease to be of any further force or effect upon the date, if any, upon which the Lead Securitization
Note is repurchased by the Initial Note-A-1 Holder from the trust fund established under the Lead Securitization Servicing Agreement
in connection with a material breach of representation or warranty made by the Initial Note A-1 Holder with respect to the Lead
Securitization Note or material document defect with respect to the documents delivered by the Initial Note A-1 Holder with respect
to the Lead Securitization Note upon the consummation of the Lead Securitization. The preceding sentence shall not be construed
to grant to any Non-Lead Securitization Note Holder the benefit of any representation or warranty made by the Initial Note A-1
Holder or any document delivery obligation imposed on the Initial Note A-1 Holder under any mortgage loan purchase and sale agreement,
instrument of transfer or other document or instrument that may be executed or delivered by the Initial Note A-1 Holder in connection
with the Lead Securitization.

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

(c)       The
Controlling Note Holder (or its Controlling Note Holder Representative) shall have, with respect to the Mortgage Loan, all of the
same rights and powers of the Controlling Class Representative under the Lead Securitization Servicing Agreement with respect to
the other mortgage loans included in the Lead Securitization, without limitation, the right to consent and/or consult regarding
Major Decisions and other servicing matters, the right to advise (1) the Special Servicer with respect to all Specially Serviced
Loans and (2) the Special Servicer with respect to non-Specially Serviced Loans as to all matters for which the Master Servicer
must obtain the consent or deemed consent of the Special Servicer, and the right to direct the Special Servicer to take, or to
refrain from taking, such other actions with respect to the Mortgage Loan as the Controlling Class Representative may deem advisable
or as to which provision is otherwise made therein, in each case subject to the terms and conditions of the Lead Securitization
Servicing Agreement.

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

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

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

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

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modification” of the Mortgage
Loan, within the meaning of Section 1.860G-2(b) of the regulations of the United States Department of the Treasury, more than three
(3) months after the startup day of the REMIC which includes the Notes (or any portion thereof). Each Note Holder agrees that the
provisions of this paragraph shall be effected by compliance with any REMIC provisions in the Lead Securitization Servicing Agreement
relating to the administration of the Mortgage Loan.

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

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

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

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

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

(c)       Each
Non-Controlling Note Holder shall have the right at any time to appoint a representative in connection with the exercise of its
rights and obligations with respect to the Mortgage Loan (such representative, with respect to each Non-Controlling Note Holder,
its “Non-Controlling Note Holder Representative”). All of the provisions relating to the Controlling Note Holder
and the Controlling Note Holder Representative set forth in Section 6(a) (except those contained in the last sentence thereof)
and Section 6(b) shall apply to each Non-Controlling Note Holder and its Non-Controlling Note Holder Representative mutatis
mutandis. The Non-Controlling Note Holder Representative as of the date of this Agreement and until the Lead Securitization
Note Holder (and the Master Servicer and the Special Servicer) is notified otherwise, shall be the Initial Note A-2 Holder with
respect to Note A-2, provided that at any time Note A-2 is included in a Securitization, references to the “Non-Controlling
Note Holder” herein shall mean the related Non-Lead Securitization Subordinate Class Representative or any other party assigned
the rights to exercise the rights of the related “Non-Controlling Note Holder” hereunder, as and to the extent provided
in the related Non-Lead Securitization Servicing Agreement and as to the identity of which the Lead Securitization Note Holder
(and the Master Servicer and the Special Servicer) has been given written notice.

Section
7.Appointment of Special Servicer. The Controlling Note Holder (or its Controlling Note Holder Representative)
shall have the right at any time and from time to time,

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with or without cause, subject to the
terms and conditions of the Lead Securitization Servicing Agreement, to replace the Special Servicer then acting with respect to
the Mortgage Loan and appoint a replacement Special Servicer in lieu thereof. Any designation by the Controlling Note Holder (or
its Controlling Note Holder Representative) of a Person to serve as Special Servicer shall be made by delivering to the other Note
Holders, the Master Servicer, the then existing Special Servicer and other parties to the Lead Securitization Servicing Agreement
a written notice stating such designation and satisfying the other conditions to such replacement as set forth in the Lead Securitization
Servicing Agreement (including, without limitation, a Rating Agency Confirmation, if required by the terms of the Lead Securitization
Servicing Agreement), if any; provided, that in the event the replacement Special Servicer does not have the Required Special Servicer
Rating from any Rating Agency rating a Non-Lead Securitization, a Rating Agency Confirmation will be required to be obtained with
respect to such Rating Agency and delivered to the related Non-Lead Securitization Note Holder. The Controlling Note Holder shall
be solely responsible for any expenses incurred in connection with any such replacement without cause. The Controlling Note Holder
shall notify the other parties hereto of its termination of the then currently serving Special Servicer and its appointment of
a replacement Special Servicer in accordance with this Section 7. If the Controlling Note Holder has not appointed a Special Servicer
with respect to the Mortgage Loan as of the consummation of the securitization under the Lead Securitization Servicing Agreement,
then the initial Special Servicer designated in the Lead Securitization Servicing Agreement shall serve as the initial Special
Servicer but this shall not limit the right of the Controlling Note Holder (or its Controlling Note Holder Representative) to designate
a replacement Special Servicer for the Mortgage Loan as aforesaid. If a Servicer Termination Event on the part of the Special Servicer
has occurred that affects any Non-Controlling Note Holder, such Non-Controlling Note Holder shall have the right to direct the
Trustee (or at any time that the Mortgage Loan is no longer included in a Securitization Trust, the Controlling Note Holder) to
terminate the Special Servicer under the Lead Securitization Servicing Agreement (or at any time that the Mortgage Loan is no longer
subject to the provisions of the Lead Securitization Servicing Agreement, the successor servicing agreement pursuant to which the
Mortgage Loan is being serviced) solely with respect to the Mortgage Loan pursuant to and in accordance with the terms of the Lead
Securitization Servicing Agreement (or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization
Servicing Agreement, the successor servicing agreement pursuant to which the Mortgage Loan is being serviced). The Controlling
Note Holder and each Non-Controlling Note Holder acknowledge and agree that any successor special servicer appointed to replace
the Special Servicer with respect to the Mortgage Loan that was terminated for cause at a Non-Controlling Note Holder’s direction
cannot at any time be the person (or an Affiliate thereof) that was so terminated without the prior written consent of such Non-Controlling
Note Holder. The related Non-Controlling Note Holder shall be solely responsible for reimbursing the Trustee’s or the Controlling
Note Holder’s, as applicable, costs and expenses, if not paid within a reasonable time by the terminated special servicer
and, in the case of the Trustee, that would otherwise be reimbursed to the Trustee from amounts on deposit in the Collection Account
or Loan Combination Custodial Account.

Section
8.Payment Procedure.

(a)       The
Lead Securitization Note Holder, in accordance with the priorities set forth in Section 3 and subject to the terms of the Lead
Securitization Servicing Agreement, shall deposit or cause to be deposited all payments allocable to the Notes to the Loan Combination

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Custodial Account pursuant to and in
accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer acting
on its behalf) shall deposit such amounts to the applicable account within one (1) Business Day after receipt of properly identified
funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan
Borrower; provided, however, that to the extent any such amounts are received after 2:00 p.m. Eastern time on any given Business
Day, the Master Servicer shall use commercially reasonable efforts to deposit such amounts into the applicable account within one
(1) Business Day of receipt thereof but, in any event, the Master Servicer shall deposit such amounts into the applicable account
within two (2) Business Days of receipt thereof.

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

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

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

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

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

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

Section
11.Representations of the Note Holders. Each Note Holder represents and warrants that the execution, delivery
and performance of this Agreement is within its corporate powers, has been duly authorized by all necessary corporate action, and
does not contravene such Note Holder’s charter or any law or contractual restriction binding upon such Note Holder, and that
this Agreement is the legal, valid and binding obligation of such Note Holder enforceable against such Note Holder in accordance
with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar
laws affecting the enforcement of creditors’ rights generally, and by general principles of equity (regardless of whether
such enforceability is considered in a proceeding in equity or at law), and except that the

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enforcement of rights with respect to
indemnification and contribution obligations may be limited by applicable law. Each Note Holder represents and warrants that it
is duly organized, validly existing, in good standing and in possession of all licenses and authorizations necessary to carry on
its business. Each Note Holder represents and warrants that (a) this Agreement has been duly executed and delivered by such Note
Holder, (b) to such Note Holder’s actual knowledge, all consents, approvals, authorizations, orders or filings of or with
any court or governmental agency or body, if any, required for the execution, delivery and performance of this Agreement by such
Note Holder have been obtained or made and (c) to such Note Holder’s actual knowledge, there is no pending action, suit or
proceeding, arbitration or governmental investigation against such Note Holder, an adverse outcome of which would materially and
adversely affect its performance under this Agreement.

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

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

Section
14.Sale of the Notes.

(a)       Each
Note Holder agrees that it will not sell, assign, transfer, pledge, syndicate, hypothecate, contribute, encumber or otherwise dispose
of all or any portion of its respective Note (a “Transfer”) except to a Qualified Institutional Lender. Promptly
after the Transfer, each non-transferring Note Holder shall be provided with (x) a representation from a transferee or the applicable
Note Holder certifying that such transferee is a Qualified Institutional Lender (except in the case of a Transfer in accordance
with the immediately following sentence) and (y) a copy of the assignment and assumption agreement referred to in Section 15 (unless
the transferee is a Securitization Trust and the related pooling and servicing agreement requires the parties thereto to comply
with this Agreement). If a Note Holder intends to Transfer its respective Note, or any portion thereof, to an entity that is not
a Qualified Institutional Lender, it must first obtain the consent of each non-transferring Note Holder and, if such non-transferring
Note

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Holder’s Note is held in a Securitization
Trust, a confirmation in writing from each Rating Agency that such Transfer will not result in a qualification, downgrade or withdrawal
of its then current rating of the securities issued pursuant to the related Securitization. Notwithstanding the foregoing, without
each non-transferring Note Holder’s prior consent (which will not be unreasonably withheld), and, if such non-transferring
Note Holder’s Note is held in a Securitization Trust, without a confirmation in writing from each Rating Agency that such
Transfer will not result in a qualification, downgrade or withdrawal of its then current rating of the securities issued pursuant
to the related Securitization, no Note Holder shall Transfer all or any portion of its Note (or a participation interest in such
Note) to the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party and any such Transfer shall be absolutely null and
void and shall vest no rights in the purported transferee. The transferring Note Holder agrees that it shall pay the expenses of
each non-transferring Note Holder (including all expenses of the Master Servicer, the Special Servicer and the Trustee) and all
expenses relating to the confirmation from the Rating Agencies in connection with any such Transfer. Notwithstanding the foregoing,
each Note Holder shall have the right, without the need to obtain the consent of the other Note Holder, the Rating Agencies or
any other Person, to Transfer 49% or less (in the aggregate) of its beneficial interest in a Note. None of the provisions of this
Section 14(a) shall apply in the case of (1) a sale of Note A-1, together with Note A-2, in accordance with the terms and conditions
of the Lead Securitization Servicing Agreement or (2) a transfer by the Special Servicer, in accordance with the terms and conditions
of the Lead Securitization Servicing Agreement, of the Mortgage Loan or the Mortgaged Property, upon the Mortgage Loan becoming
a Defaulted Mortgage Loan, to a single member limited liability or limited partnership, 100% of the equity interest in which is
owned directly or indirectly, through one or more single member limited liability companies or limited partnerships, by the Lead
Securitization Trust.

For the purposes of
this Agreement, if any Rating Agency shall, in writing, waive, decline or refuse 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, such waiver, declination, or refusal
shall be deemed to eliminate, for such request only, the condition that such confirmation by such Rating Agency (only) be obtained
for purposes of this Agreement. For purposes of clarity, any such waiver, declination or refusal to review or otherwise engage
in any request for 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.

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

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

    39 

     

    

Agreement. The rights of a Note Pledgee
under this Section 14(c) shall remain effective as to any Note Holder (and any Servicer) unless and until such Note Pledgee shall
have notified any such Note Holder (and any Servicer, as applicable) in writing that its interest in the pledged Note has terminated.

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

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

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

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

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

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

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

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

    40 

     

    

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

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

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

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

    41 

     

    

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

Section
18.Modifications. This Agreement shall not be modified, cancelled or terminated except by an instrument in writing
signed by each Note Holder. Additionally, for as long as any Note is contained in a Securitization Trust, the Note Holders shall
not amend or modify this Agreement without first receiving a written confirmation from each Rating Agency that such amendment or
modification will not result in a qualification, withdrawal or downgrade of its then current ratings of the securities issued in
connection with a Securitization; provided that no such confirmation from the Rating Agencies shall be required in connection
with a modification (i) to cure any ambiguity, to correct or supplement any provisions herein that may be defective or inconsistent
with any other provisions herein or with the Lead Securitization Servicing Agreement, or (ii) to make other provisions with respect
to matters or questions arising under this Agreement, which shall not be inconsistent with the provisions of this Agreement.

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

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

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

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

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

    42 

     

    

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

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

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

    43 

     

    

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

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

Section
26.Cooperation in Securitization.

(a)       Each
Note Holder acknowledges that any Note Holder may elect, in its sole discretion, to include its Note in a Securitization. In connection
with a Securitization and subject to the terms of the preceding sentence, at the request of the Lead Securitization Note Holder,
each Non-Lead Securitization Note Holder shall use reasonable efforts, at the Lead Securitization Note Holder’s expense,
to satisfy, and to cooperate with the Lead Securitization Note Holder in attempting to cause the Mortgage Loan Borrower to satisfy,
the market standards to which the Lead Securitization Note Holder customarily adheres or that may be reasonably required in the
marketplace or by the Rating Agencies in connection with the Securitization, including, entering into (or consenting to, as applicable)
any modifications to this Agreement or the Mortgage Loan Documents and to cooperate with the Lead Securitization Note Holder in
attempting to cause the Mortgage Loan Borrower to execute such modifications to the Mortgage Loan Documents, in any such case,
as may be reasonably requested by the Rating Agencies to effect the Securitization; provided, however, that either
in connection with the Lead Securitization or otherwise at any time prior to the Lead Securitization, a Non-Lead Securitization
Note Holder shall not be required to modify or amend this Agreement or any Mortgage Loan Documents (or consent to such modification,
as applicable) in connection therewith, if such modification or amendment would (i) change the interest allocable to, or the amount
of any payments due to or priority of such payments to, such Non-Lead Securitization Note Holder or (ii) materially increase such
Non-Lead Securitization Note Holder’s obligations or materially decrease such Non-Lead Securitization Note Holder’s
rights, remedies or protections. In connection with the Lead Securitization, each Non-Lead Securitization Note Holder agrees to
provide for inclusion in any disclosure document relating to the Lead Securitization such information concerning such Non-Lead
Securitization Note Holder and the related Non-Lead Securitization Note as the Lead Securitization Note Holder reasonably determines
to be necessary or appropriate, and each Non-Lead Securitization Note Holder covenants and agrees that it shall, at the Lead Securitization
Note Holder’s expense, cooperate with the reasonable requests of each Rating Agency and Lead Securitization Note Holder in
connection with the Lead Securitization (including, without limitation, reasonably cooperating with the Lead Securitization Noteholder
(without any obligation to make additional

    44 

     

    

representations and warranties) to enable
the Lead Securitization Noteholder to make all necessary certifications and deliver all necessary opinions (including customary
securities law opinions) in connection with the Mortgage Loan and the Lead Securitization), as well as in connection with all other
matters and the preparation of any offering documents thereof and to review and respond reasonably promptly with respect to any
information relating to such Non-Lead Securitization Note Holder and the related Non-Lead Securitization Note in any Securitization
document. Each Non-Lead Securitization Note Holder acknowledges that the information provided by it to the Lead Securitization
Note Holder may be incorporated into the offering documents for the Lead Securitization. The Lead Securitization Note Holder and
each Rating Agency shall be entitled to rely on the information supplied by, or on behalf of, each Non-Lead Securitization Note
Holder. The Lead Securitization Note Holder will reasonably cooperate with each Non-Lead Securitization Note Holder by providing
all information reasonably requested that is in the Lead Securitization Note Holder’s possession in connection with such
Non-Lead Securitization Note Holder’s preparation of disclosure materials in connection with a Securitization.

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

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

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

    45 

     

    

Servicer and the related Non-Lead Special
Servicer, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall be deemed
to have satisfied its delivery obligations with respect to such items hereunder or under the Lead Securitization Servicing Agreement.

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

Section
29.Certain Matters Affecting the Agent.

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

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

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

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

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

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

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

Section
30.Reserved.

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

    46 

     

    

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 such Master Servicer, as Master Servicer under the Lead Securitization
Servicing Agreement, shall be deemed a termination or resignation of such Master Servicer as Agent under this Agreement, and any
successor master servicer shall be deemed to have been automatically appointed as the successor Agent under this Agreement in place
thereof without any further notice or other action.

Section
32.Resizing. Notwithstanding any other provision of this Agreement, for so long as an Initial Note Holder or
an affiliate thereof (an “Initial Owner Entity”) is the owner of a Non-Lead Securitization Note (the “Owned
Note”), such Initial Owner Entity shall have the right, subject to the terms of the Mortgage Loan Documents, to cause
the Mortgage Loan Borrower to execute amended and restated notes or additional notes (in either case, “New Notes”)
reallocating the principal of such Owned Note to such New Notes or severing such Owned Note into one or more further “component”
notes in the aggregate principal amount equal to the then outstanding principal balance of such Owned Note provided that (i) the
aggregate principal balance of all outstanding New Notes following such amendments is no greater than the aggregate principal of
such Owned Note prior to such amendments, (ii) all Notes continue to have the same weighted average interest rate as the Notes
prior to such amendments, (iii) all Notes pay pro rata and on a pari passu basis (including after a default and in
connection with a condemnation or prepayment) and such reallocated or component notes shall be automatically subject to the terms
of this Agreement, and (iv) the Initial Owner Entity holding the New Notes shall notify the Lead Securitization Note Holder, the
Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee in writing of such modified allocations and
principal amounts. Except for the foregoing reallocation or severance and for modifications pursuant to the Lead Securitization
Servicing Agreement (as discussed in Section 5), no Note may be modified or amended without the consent of its holder and the consent
of the holder of the other Note. In connection with the foregoing (provided the conditions set forth in (i) through (iv) above
are satisfied, as certified by the applicable Initial Owner Entity, on which certification the Master Servicer can rely), the Master
Servicer is hereby authorized and directed to execute amendments to the Mortgage Loan Documents and this Agreement on behalf of
any or all of the Note Holders, as applicable, solely for the purpose of reflecting such reallocation of principal (which may include
the amendment or addition of applicable defined terms to reflect the New Notes) or such severing of such Owned Note. If an Owned
Note is severed into “component” notes, such component notes shall each have the same rights as the related Owned Note.
For the avoidance of doubt, Rating Agency Confirmation shall not be required for any amendments to this Agreement required to facilitate
the terms of this Section 32.

 

 

 

[SIGNATURE PAGE FOLLOWS]

    47 

     

    

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

	 	 	CITI REAL ESTATE FUNDING INC., as
	 	 	 	Initial Note A-1 Holder	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	By:	/s/ Richard Simpson	 
	 	 		Name:  Richard Simpson	 
	 	 		Title:   Vice President	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	CITI REAL ESTATE FUNDING INC., as
	 	 	 	Initial Note A-2 Holder	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	By:	/s/  Richard Simpson	 
	 	 		Name:  Richard Simpson	 
	 	 		Title:   Vice President	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

     

     

    

EXHIBIT A

MORTGAGE LOAN SCHEDULE

Description of Mortgage Loan

	Mortgage Loan Borrower:	Green Hills Realty Associates LP
	Date of Mortgage Loan:	April 30, 2019
	Original Principal Amount of Mortgage Loan:	$61,500,000.00
	Date of Note A-1 and Note A-2	April 30, 2019
	Initial Note A-1 Principal Balance:	$50,000,000.00
	Initial Note A-2 Principal Balance:	$11,500,000.00
	Location of Mortgaged Property:	Reading, Pennsylvania
	Initial Maturity Date:	May 6, 2029

 

    A-1 

     

    

EXHIBIT B

1.       Note
A-1 Holder:

(Prior to Securitization of Note A-1):

Citi Real Estate Funding Inc.

390 Greenwich Street, 5th Floor

New York, New York 10013

Attention: Raul Orozco

Facsimile number: (347) 394-0898

 

with copies to:

 

Citi Real Estate Funding Inc.

390 Greenwich Street

New York, New York 10013

Attention: Richard Simpson

Facsimile number: (646) 328-2943

 

with an electronic copy emailed to: richard.simpson@citi.com

 

and

Citi Real Estate Funding Inc.

388 Greenwich Street, 17th Floor

New York, New York 10013

Attention: Ryan M. O’Connor

Facsimile number: (646) 862-8988

 

with an electronic copy emailed to: ryan.m.oconnor@citi.com

 

(Following Securitization of Note A-1):

 

		(i)	Depositor:

 

J.P. Morgan Chase Commercial Mortgage
Securities Corp.

383 Madison Avenue, 8th Floor

New York, New York 10179

Attention: Kunal K. Singh

E-mail: US_CMBS_Notice@jpmorgan.com

 

    B-1 

     

    

with a copy to:

 

J.P. Morgan Chase Commercial Mortgage
Securities Corp.

4 New York Plaza, Floor 21

New York, New York 10004-2413

Attention: SPG Legal

E-mail: US_CMBS_Notice@jpmorgan.com

 

(ii)           Master Servicer:

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

10851 Mastin Street, Suite 700

Building 82, Suite 300

Overland Park, Kansas 66210

Attention: Executive Vice President – Division Head,

Fax number: 1-888-706-3565

Email: NoticeAdmin@midlandls.com

with a copy to:

Stinson LLP

1201 Walnut Street

Suite 2900

Kansas City, Missouri 64106-2150

Fax Number: (816) 412-9338

Attention: Kenda K. Tomes

Email: kenda.tomes@stinson.com

 

(iii)          Special Servicer:

Rialto Capital Advisors, LLC

790 NW 107th Avenue, 4th Floor

Miami, Florida 33172

Attention: Liat Heller

Facsimile number: (305) 229-6425

E-mail: liat.heller@rialtocapital.com

    B-2 

     

    

with copies to:

Jeff Krasnoff

Facsimile number: (305) 229-6425

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

Niral Shah

Facsimile number: (305) 229-6425

Email: niral.shah@rialtocapital.com;

Adam Singer

facsimile number: (305) 229-6425

Email: adam.singer@rialtocapital.com

(iv)          Trustee and
Certificate Administrator:

Wells Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045-1951

Attention: Corporate Trust Services (CMBS)

Benchmark 2019-B11 Mortgage Trust

with a copy to:

Telecopy Number: (410) 715-2380

E-Mail: cts.cmbs.bond.admin@wellsfargo.com, and to trustadministrationgroup@wellsfargo.com

(v)           Asset Representations
Reviewer and Operating Advisor:

Pentalpha Surveillance LLC

375 N. French Road, Suite 100

Amherst, New York 14228

Attention: Benchmark 2019-B11—Transaction Manager

With a copy sent via email to: notices@pentalphasurveillance.com (with Benchmark 2019-B11 in the subject line)

with a copy to:

Bass, Berry & Sims PLC

150 Third Avenue South

Suite 2800

Nashville, Tennessee 37201

Email: jknight@bassberry.com

    B-3 

     

    

EXHIBIT C

PERMITTED FUND MANAGERS

 

		1.	Westbrook Partners

		2.	DLJ Real Estate Capital Partners

		3.	iStar Financial Inc.

		4.	Capital Trust, Inc.

		5.	Lend-Lease Real Estate Investments

		6.	Archon Capital, L.P.

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

		8.	The Blackstone Group International Ltd.

		9.	Apollo Real Estate Advisors

		10.	Colony Capital, Inc.

		11.	Praedium Group

		12.	J.E. Robert Companies

		13.	Fortress Investment Group LLC

		14.	Lonestar Opportunity Fund

		15.	Clarion Partners

		16.	Walton Street Capital, LLC

		17.	Starwood Financial Trust

		18.	BlackRock, Inc.

		19.	Rialto Capital Management, LLC
	 	20.	Rialto Capital Advisors, LLC

 

		21.	Raith Capital Partners, LLC

		22.	Eightfold Real Estate Capital, L.P.

		23.	Perella Weinberg Partners

		24.	Square Mile Capital Management LLC

    C-1Exhibit 4.17

 

AGREEMENT
BETWEEN NOTEHOLDERS

 

Dated
as of February 13, 2019

 

by
and between

 

CITI
REAL ESTATE FUNDING INC.

(Initial Note A1-A Holder

 

DEUTSCHE
BANK AG, NEW YORK BRANCH

 

(Initial
Note A1-B Holder)

 

and

 

SHBNPP
GLOBAL PROFESSIONAL INVESTMENT TYPE PRIVATE REAL ESTATE 

INVESTMENT TRUST NO.14(H)

(Initial Note A2 Holder)

 

and

 

SHBNPP
GLOBAL PROFESSIONAL INVESTMENT TYPE PRIVATE REAL ESTATE 

INVESTMENT TRUST NO.15(H)

(Initial Note B Holder)

 

ARC
Apartments

 

     

    

    

 

THIS
AGREEMENT BETWEEN NOTEHOLDERS (“Agreement”), dated as of February 13, 2019 by and between CITI REAL ESTATE
FUNDING INC. (“CREFI” and, together with its successors and assigns in interest, in its capacity as initial
owner of Note A1-A, the “Initial Note A1-A Holder”), and in its capacity as the initial agent, the “Initial
Agent”), DEUTSCHE BANK AG, NEW YORK BRANCH (“DBAG” and, together with its successors and assigns
in interest, in its capacity as initial owner of Note A1-B, the “Initial Note A1-B Holder”), SHBNPP GLOBAL
PROFESSIONAL INVESTMENT TYPE PRIVATE REAL ESTATE INVESTMENT TRUST NO.14(H) (together with its successors and assigns in interest,
in its capacity as initial owner of Note A2, the “Initial Note A2 Holder”) and SHBNPP GLOBAL PROFESSIONAL INVESTMENT
TYPE PRIVATE REAL ESTATE INVESTMENT TRUST NO.15(H) (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,
CREFI and DBAG originated a certain loan described on the schedule attached hereto as Exhibit A (the “Mortgage
Loan Schedule”) (the “Mortgage Loan”) to 30-02 ASSOCIATES LLC F/K/A 30-17 ASSOCIATES LLC, a Delaware
limited liability company (the “Mortgage Loan Borrower”), pursuant to the Mortgage Loan Agreement (as defined
herein), secured by that certain Mortgage and Agreement of Consolidation and Modification of Mortgage, Assignment of Leases and
Rents and Security Agreement by and among Borrower, CREFI and DBAG dated as of February 13, 2019 (as amended, modified or supplemented,
the “Mortgage”) on certain real property located as described on the Mortgage Loan Schedule (the “Mortgaged
Property”), and evidenced by four (4) promissory notes, each dated as of February 13, 2019: (i) one promissory note
in the original principal amount of $57,000,000 (“Note A1-A”) made by the Mortgage Loan Borrower in favor of
the Initial Note A1-A Holder, (ii) one promissory note in the original principal amount of $38,000,000 (“Note A1-B”)
made by the Mortgage Loan Borrower in favor of the Initial Note A1-B Holder, (iii) one promissory note in the original principal
amount of $47,000,000 (“Note A2”) made by the Mortgage Loan Borrower in favor of the Initial Note A1-A Holder,
as assigned to Initial Note A2 Holder pursuant to that certain Allonge dated as of February 13, 2019 and (iii) one promissory
note in the original principal amount of $45,000,000 (“Note B”) made by the Mortgage Loan Borrower in favor
of CREFI, as assigned to Initial Note A1-B Holder pursuant to that certain Allonge dated as of February 13, 2019;

 

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 A1-A, Note A1-B, Note A2 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”, the “preamble” or the “recitals” are, unless otherwise specified, to a Section,
the preamble or the recitals of this Agreement. Capitalized terms used but not otherwise defined herein shall have the meaning
ascribed to such term or an analogous term in (i) prior to the Lead Securitization Date, the Model

 

     

    

    

 

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

 

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

 

“Additional
Servicing Expenses” shall mean (a) all Property Protection Advances and reasonable documented 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.

 

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

 

“Advances”
(i) prior to the Lead Securitization Date, shall have the meaning assigned to such term or an analogous term in the Model PSA,
and (ii) from and after the Lead Securitization Date, assigned to such term or an analogous term 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, twenty percent (20%) 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, twenty percent (20%) 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 Lead 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 A1-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 written notice
to the Noteholders.

 

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

 

    2 

    

    

 

“Appraisal”
(i) prior to the Lead Securitization Date, shall have the meaning assigned to such term or an analogous term in the Model PSA,
and (ii) from and after the Lead Securitization Date, assigned to such term or an analogous term in the Lead Securitization Servicing
Agreement.

 

“Appraisal
Reduction Amount” (i) prior to the Lead Securitization Date, shall have the meaning assigned to such term or an analogous
term in the Model PSA, and (ii) from and after the Lead Securitization Date, assigned to such term or an analogous term in the
Lead Securitization Servicing Agreement.

 

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

 

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

 

“Asset
Status Report” (i) prior to the Lead Securitization Date, shall have the meaning assigned to such term or an analogous
term in the Model PSA, and (ii) from and after the Lead Securitization Date, assigned to such term or an analogous term in the
Lead Securitization Servicing Agreement.

 

“Balloon
Payment” (i) prior to the Lead Securitization Date, shall have the meaning assigned to such term or an analogous term
in the Model PSA, and (ii) from and after the Lead Securitization Date, assigned to such term or an analogous term in the Lead
Securitization 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 Noteholder” shall have the meaning assigned to such term in Section 5(j).

 

“Business
Day” (i) prior to the Lead Securitization Date, shall have the meaning assigned to such term or an analogous term in
the Model PSA, and (ii) from and after the Lead Securitization Date, assigned to such term or an analogous term in the Lead Securitization
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.

 

    3 

    

    

 

“Collection
Account” (i) prior to the Lead Securitization Date, shall have the meaning assigned to such term or an analogous term
in the Model PSA, and (ii) from and after the Lead Securitization Date, assigned to such term or an analogous term in the Lead
Securitization Servicing Agreement.

 

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

 

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

 

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

 

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

 

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

 

“Control
Appraisal Period” means a Note A2 Control Appraisal Period or a Note B Control Appraisal Period, as the context may
require.

 

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

 

“Controlling
Noteholder” shall mean as of any date of determination (i) the Note B Holder, unless a Note B Control Appraisal Period
has occurred and is continuing, (ii) if and for so long as a Note B Control Appraisal Period has occurred and is continuing and
no Note A2 Control Appraisal Period has occurred and is continuing, the Note A2 Holder, and (iii) if and for so long as a Note
A2 Control Appraisal Period has occurred and is continuing, the Note A1-A Holder; provided that at any time the Note A1-A
Holder is the Controlling Noteholder and Note A1-A is included in the Note A1-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 A2 Holder or the Note B Holder would be the Controlling Noteholder pursuant to the terms hereof,
but any interest in Note A2 or Note B, respectively, is held by the Mortgage Loan Borrower or a Mortgage Loan Borrower Related
Party, or the Mortgage Loan Borrower or Mortgage Loan Borrower Related Party would otherwise be entitled to exercise the rights
of the Controlling Noteholder in respect of Note A2 or Note B, respectively, then a Note A2 Control Appraisal Period or a Note
B Control Appraisal Period, respectively, shall be deemed to have occurred; and provided further, however, that
if the Note A1-A Holder would be the Controlling Noteholder pursuant to the terms hereof, but any interest in Note A1-A is held
by the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party, or the Mortgage Loan Borrower or Mortgage Loan Borrower
Related Party would otherwise be entitled to exercise the rights of the Controlling Noteholder in respect of Note A1-A, then the
Controlling Noteholder shall be the Noteholder for the Senior Note that (x) is not held by the

 

    4 

    

    

 

Mortgage
Loan Borrower or a Mortgage Loan Borrower Related Party and the Mortgage Loan Borrower or Mortgage Loan Borrower Related Party
would not otherwise be entitled to exercise the rights of the Controlling Noteholder in respect of such Senior Note and (y) has
the largest Principal Balance (it being understood that if two or more Senior Notes meet such requirements and have the same Principal
Balance, then the Note with the lower alphabetical suffix will control (e.g., Note A1-A ahead of Note A1-B); and provided further,
however, that if no Senior Note meets the criteria set forth in clause (x) of the immediately preceding proviso and a Note
A2 Control Appraisal Period is in effect, then there shall be no Controlling Noteholder. The Note B Holder is the Controlling
Holder as of the Closing Date.

 

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

 

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

 

“Custodian”
(i) prior to the Lead Securitization Date, shall have the meaning assigned to such term or an analogous term in the Model PSA,
and (ii) from and after the Lead Securitization Date, assigned to such term or an analogous term in the Lead Securitization Servicing
Agreement.

 

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

 

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

 

“Defaulted
Mortgage Loan Purchase Price” shall mean:

 

(i)
in connection with the purchase of the Senior Notes by the Note A2 Holder or the Note B Holder, the sum, without duplication,
of each of the following to the extent that such amounts have not been previously paid or reimbursed pursuant to Section 3
or Section 4 of this Agreement:

 

(a) the
aggregate Principal Balance of the Senior Notes, (b) accrued and unpaid interest on the aggregate Principal Balance of the
Senior Notes at the Note A1 Rate from the date as to which interest was last paid in full by Mortgage Loan Borrower up to and
including the end of the interest accrual period relating to the Monthly Payment Date next following the date the purchase occurred,
(c) any other amounts due under the Mortgage Loan to the Senior Noteholders, other than Prepayment Premiums, default interest,
late fees, exit fees and any other similar fees, provided that if the Mortgage Loan Borrower or a Mortgage Loan Borrower
Related Party is the purchaser, the Defaulted Mortgage Loan Purchase Price shall include Prepayment Premiums, default interest,
late fees, exit fees and any other similar fees, (d) without duplication of amounts under clause (c), any unreimbursed
Property Protection Advances and any expenses incurred in enforcing the Mortgage Loan Documents (including, without limitation,
Property Protection Advances payable or reimbursable to any Servicer, and unearned and unpaid special servicing fees incurred
by or on behalf of any Senior Noteholder), (e) without duplication of amounts under clause (c), any accrued and unpaid
Advance Interest Amount with respect to an Advance made by or on behalf of any Senior Noteholder, (f) (x) if the Mortgage Loan
Borrower or a Mortgage Loan Borrower Related Party is the purchaser or (y) if the Mortgage Loan is purchased more than ninety

 

    5 

    

    

 

(90)
days after such option first becomes exercisable pursuant to Section 12 of this Agreement, any liquidation or workout fees
payable under the Servicing Agreement with respect to the Mortgage Loan, and (g) any Recovered Costs not reimbursed previously
to any Senior Noteholder pursuant to this Agreement. Notwithstanding the foregoing, if the purchasing Noteholder is purchasing
from the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party, the Defaulted Mortgage Loan Purchase Price shall not
include the amounts described under clauses (i)(d) through (f) of this definition. If the Mortgage Loan is converted
into a Foreclosure Property, for purposes of determining the Defaulted Mortgage Loan Purchase Price, interest will be deemed to
continue to accrue on the Senior Notes at the Note A1 Rate as if the Mortgage Loan were not so converted. In no event shall the
Defaulted Mortgage Loan Purchase Price include amounts due or payable to the Purchasing Noteholder under this Agreement; and

 

(ii)
in connection with the purchase of Note A2 by the Note B Holder, the sum, without duplication, of each of the following to the
extent that such amounts have not been previously paid or reimbursed pursuant to Section 3 or Section 4 of this
Agreement:

 

(a) the
Principal Balance of Note A2, (b) accrued and unpaid interest on the Note A2 Principal Balance at the Note A2 Rate from the
date as to which interest was last paid in full by Mortgage Loan Borrower up to and including the end of the interest accrual
period relating to the Monthly Payment Date next following the date the purchase occurred, (c) any other amounts due under the
Mortgage Loan to the Note A2 Holder, other than Prepayment Premiums, default interest, late fees, exit fees and any other similar
fees, provided that if the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party is the purchaser, the Defaulted
Mortgage Loan Purchase Price shall include Prepayment Premiums, default interest, late fees, exit fees and any other similar fees,
(d) without duplication of amounts under clause (c), any accrued and unpaid Advance Interest Amount with respect
to an Advance made by or on behalf of the Note A2 Holder, (e) (x) if the Mortgage Loan Borrower or a Mortgage Loan Borrower Related
Party is the purchaser or (y) if the Mortgage Loan is purchased after ninety (90) days after such option first becomes exercisable
pursuant to Section 12 of this Agreement, any liquidation or workout fees payable under the Servicing Agreement with respect
to the Mortgage Loan and (f) any Recovered Costs not reimbursed previously to the Note A2 Holder pursuant to this Agreement.
Notwithstanding the foregoing, if the purchasing Noteholder is purchasing from the Mortgage Loan Borrower or a Mortgage Loan Borrower
Related Party, the Defaulted Mortgage Loan Purchase Price shall not include the amounts described under clauses (ii)(c)
through (f) of this definition. If the Mortgage Loan is converted into a Foreclosure Property, for purposes of determining
the Defaulted Mortgage Loan Purchase Price, interest will be deemed to continue to accrue on Note A2 at the Note A2 Rate as if
the Mortgage Loan were not so converted. In no event shall the Defaulted Mortgage Loan Purchase Price include amounts due or payable
to the Purchasing Noteholder under this Agreement.

 

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

 

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

 

“Depositor”
shall mean the depositor under the Note A1-A PSA.

 

    6 

    

    

 

“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” (i) prior to the Lead Securitization Date, shall have the meaning assigned to such term or an
analogous term in the Model PSA, and (ii) from and after the Lead Securitization Date, assigned to such term or an analogous term
in the Lead Securitization Servicing Agreement.

 

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

 

“Foreclosure
Property” shall have the meaning assigned in Section 860G(a)(8) of the Code (determined without regard to the exception
applicable for purposes of Section 860D(a) of the Code).

 

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

 

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

 

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

 

“Independent”
(i) prior to the Lead Securitization Date, shall have the meaning assigned to such term or an analogous term in the Model PSA,
and (ii) from and after the Lead Securitization Date, assigned to such term or an analogous term in the Lead Securitization Servicing
Agreement.

 

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

 

“Initial
Note A1-A Holder” shall have the meaning assigned to such term in the recitals.

 

“Initial
Note A1-B Holder” shall have the meaning assigned to such term in the recitals.

 

“Initial
Note A2 Holder” shall have the meaning assigned to such term in the recitals.

 

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

 

“Initial
Noteholders” shall mean, collectively, the Initial Note A1-A Holder, the Initial Note A1-B Holder, the Initial Note
A2 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

 

    7 

    

    

 

any
proceeding seeking the appointment of a trustee, receiver or other similar custodian for all or any substantial part of the assets
of the Mortgage Loan Borrower or any other action concerning the adjustment of the debts of the Mortgage Loan Borrower, the cessation
of business by the Mortgage Loan Borrower, except following a sale, transfer or other disposition of all or substantially all
of the assets of the Mortgage Loan Borrower in a transaction permitted under the Mortgage Loan Documents; provided, however,
that following any such permitted transaction affecting the title to the Mortgaged Property, the Mortgage Loan Borrower for purposes
of this Agreement shall be defined to mean the successor owner of the Mortgaged Property from time to time as may be permitted
pursuant to the Mortgage Loan Documents; provided, further, however, that for the purposes of this definition,
in the event that more than one entity comprises the Mortgage Loan Borrower, the term “Mortgage Loan Borrower” shall
refer to any such entity.

 

“Insurance
and Condemnation Proceeds” (i) prior to the Lead Securitization Date, shall have the meaning assigned to such term or
an analogous term in the Model PSA, and (ii) from and after the Lead Securitization Date, assigned to such term or an analogous
term in the Lead Securitization Servicing Agreement.

 

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

 

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

 

“Lead
Securitization” shall mean (a) during the period from and after the initial Securitization Date and prior to the Note
A1-A Securitization Date, the related first Senior Note or portion thereof contributed to a Securitization, and (b) on and after
the Note A1-A Securitization Date, the Note A1-A Securitization.

 

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

 

“Lead
Securitization Note” shall mean any Senior Note held by the Lead Securitization or, prior to the initial Securitization
Date, the Note A1-A Holder.

 

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

 

“Lead
Securitization Servicing Agreement” shall mean (i) during the period from and after the initial Securitization Date
and prior to the Note A1-A Securitization Date, the related pooling and servicing agreement for the Securitization of the first
Senior Note or portion thereof and (ii) on and after the Note A1-A Securitization Date, the Note A1-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.

 

    8 

    

    

 

“Liquidation
Proceeds” (i) prior to the Lead Securitization Date, shall have the meaning assigned to such term or an analogous term
in the Model PSA, and (ii) from and after the Lead Securitization Date, assigned to such term or an analogous term in the Lead
Securitization Servicing Agreement.

 

“Major
Decisions” shall mean:

 

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

 

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

 

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

 

(iv)       any
sale of the Mortgage Loan (when it is a Specially Serviced Mortgage 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);

 

    9 

    

    

 

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

 

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

 

(xi)       any
releases of any 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 other than those required pursuant to the specific terms of the related Mortgage Loan Documents and for which there is no
lender discretion;

 

(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 described in
clause (c) of the definition of “Specially Serviced Loan” in the Model PSA (or, from and after the Lead Securitization
Date, such analogous section in the Lead Securitization Servicing Agreement);

 

(xv)      the
amendment, modification, waiver or execution of any lease or the granting of a subordination and non-disturbance or attornment
agreement in connection with any lease at the Mortgaged Property (to the extent Lender approval is required) if the lease involves
a ground lease or a lease of an outparcel or affects an area greater than or equal to the greater of (1) 30% of the net rentable
area of the improvements at the Mortgaged Property and (2) 20,000 square feet of the improvements at the Mortgaged Property;

 

(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;

 

    10 

    

    

 

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

 

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

 

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

 

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

 

(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;
or

 

(xxiii)    the
consent to or approval of any Prohibited Transfer (as defined in the Mortgage Loan Agreement);

 

provided,
however that upon the occurrence and during the continuance of a Note A2 Control Appraisal Period, “Major Decision”
shall have the meaning given to such term in the Servicing Agreement.

 

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

 

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

 

“Model
PSA” shall mean that certain pooling and servicing agreement, dated as of November 1, 2018, among Deutsche Mortgage
& Asset Receiving Corporation, as depositor, KeyBank National Association, as master servicer, LNR Partners, LLC, as special
servicer, Wells Fargo Bank, National Association, as certificate administrator, paying agent and custodian, Wells Fargo Bank,
National Association, as trustee, and Park Bridge Lender Services LLC, as operating advisor and asset representations reviewer,
relating to the Benchmark 2018-B7 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2018-B7.

 

“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).

 

    11 

    

    

 

“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.

 

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

 

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

 

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

 

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

 

“Mortgage
Loan Agreement” shall mean the Loan Agreement, dated as of February 8, 2019, between the Mortgage Loan Borrower, as
Borrower, and CREFI and DBAG, as Lenders, 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 A1 Rate, the Note A2 Rate and
the Note B Rate.

 

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

 

“Net
Note A1 Rate” shall mean the Note A1 Rate minus the Servicing Fee Rate.

 

“Net
Note A2 Rate” shall mean the Note A2 Rate minus the Servicing Fee Rate.

 

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

 

“Non-Controlling
A1 Noteholder” shall mean a Note A1-A Holder or Note A1-B Holder that is not the Controlling Noteholder.

 

“Non-Controlling
Noteholder” shall mean a Noteholder that is not the Controlling Noteholder; provided that, if at any time a Non-Controlling
Noteholder (or, at any time a Note held by a Non-Controlling Noteholder is included in a Securitization, the Non-Lead Securitization
Subordinate Class Representative) is held by the Mortgage Loan Borrower or a Mortgage Loan

 

    12 

    

    

 

Borrower
Related Party, no Person shall be entitled to exercise the rights of such Non-Controlling Noteholder with respect to such Note.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Non-Lead
Securitization” shall mean any Securitization that is not the Lead Securitization.

 

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

 

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

 

“Non-Lead
Securitization Note” shall mean any Senior Note that is not held as part of the Lead Securitization Trust.

 

“Non-Lead
Securitization Noteholder” shall mean any Senior Noteholder that is not the Lead Securitization Noteholder.

 

    13 

    

    

 

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

 

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

 

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

 

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

 

“Non-Lead
Sponsor” shall mean the applicable, then-current Senior Noteholder (immediately prior to the applicable Non-Lead Securitization)
in its capacity as the sponsor with respect to such Non-Lead Securitization Note in connection with such Non-Lead Securitization.

 

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

 

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

 

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

 

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

 

“Nonrecoverable
Property Protection Advance” (i) prior to the Lead Securitization Date, shall have the meaning assigned to such term
or an analogous term in the Model PSA, and (ii) from and after the Lead Securitization Date, assigned to such term or an analogous
term in the Lead Securitization Servicing Agreement.

 

“Note”
shall mean any of Note A1-A, Note A1-B, Note A2 and Note B, as applicable.

 

“Note
A1 Default Rate” shall mean a rate per annum equal to the Note A1 Rate plus the Note Default Interest Spread.

 

“Note
A1 Percentage Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the sum of the Note
A1-A Principal Balance and the Note A1-B Principal Balance and the denominator of which is the sum of the Note A1-A Principal
Balance, the Note A1-B Principal Balance, the Note A2 Principal Balance and the Note B Principal Balance.

 

    14 

    

    

 

“Note
A1 Rate” shall mean the Note A1 Rate set forth on the Mortgage Loan Schedule.

 

“Note
A1 Relative Spread” shall mean the ratio of the Note A1 Rate to the Mortgage Loan Rate.

 

“Note
A1-A” shall have the meaning assigned to such term in the recitals.

 

“Note
A1-A Holder” shall mean the Initial Note A1-A Holder, or any subsequent holder of Note A, together with its successors
and assigns.

 

“Note
A1-A Principal Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note
A1-A Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A1-A
Holder or reductions in such amount pursuant to Sections 3, 4 or 5, as applicable.

 

“Note
A1-A PSA” shall mean the pooling and servicing agreement to be entered into in connection with the Note A1-A Securitization.

 

“Note
A1-A Securitization” shall mean the sale by the Note A1-A Holder of all of such Note (or the first securitization of
any portion of such Note, if applicable) to the Depositor, who will in turn include such portion of such Note as part of a securitization
of one or more mortgage loans.

 

“Note
A1-A Securitization Trust” shall mean a trust formed pursuant to the Note A1-A Securitization pursuant to which Note
A1-A is held.

 

“Note
A1-B” shall have the meaning assigned to such term in the recitals.

 

“Note
A1-B Holder” shall mean the Initial Note A1-B Holder, or any subsequent holder of Note A1-B, together with its successors
and assigns.

 

“Note
A1-B Principal Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note
A1-B Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A1-B
Holder or reductions in such amount pursuant to Sections 3, 4 or 5, as applicable.

 

“Note
A1-B PSA” shall mean the pooling and servicing agreement to be entered into in connection with the Securitization of
Note A1-B.

 

“Note
A1-B Securitization” shall mean the sale by the Note A1-B Holder of all of such Note (or the first securitization of
any portion of such Note, if applicable) to the applicable depositor, who will in turn include such portion of such Note as part
of a securitization of one or more mortgage loans.

 

“Note
A1-B Securitization Trust” shall mean a trust formed pursuant to Note A1-B Securitization pursuant to which Note A1-B
is held.

 

    15 

    

    

 

“Note
A2 Control Appraisal Period” shall mean any period with respect to the Mortgage Loan, if and for so long as:

 

(a)               
(1) the initial Note A2 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 A2 after the date of creation of Note A2, (y) any
Appraisal Reduction Amount for the Mortgage Loan that is allocated to Note A2 and (z) any losses realized with respect to
the Mortgaged Property or the Mortgage Loan that are allocated to Note A2, is less than

 

(b)              
25% of the remainder of (i) the initial Note A2 Principal Balance less (ii) any payments of principal (whether as principal
prepayments or otherwise) allocated to, and received by, the Note A2 Holder on Note A2 after the date of creation of Note A2,

 

provided
that a Note A2 Control Appraisal Period shall terminate upon the occurrence of a Threshold Event Cure by the Note A2 Holder.

 

“Note
A2 Default Rate” shall mean a rate per annum equal to the Note A2 Rate plus the Note Default Interest Spread.

 

“Note
A2 Percentage Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the Note A2 Principal
Balance and the denominator of which is the sum of the Note A1-A Principal Balance, the Note A1-B Principal Balance, the Note
A2 Principal Balance and the Note B Principal Balance.

 

“Note
A2 Rate” shall mean the Note A2 Rate set forth on the Mortgage Loan Schedule.

 

“Note
A2 Relative Spread” shall mean the ratio of the Note A2 Rate to the Mortgage Loan Rate.

 

“Note
A2” shall have the meaning assigned to such term in the recitals.

 

“Note
A2 Holder” shall mean the Initial Note A2 Holder, and any successor in interest, or any subsequent holder of Note A2.

 

“Note
A2 Principal Balance” shall mean, at any time of determination, the Initial Note A2 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” shall have the meaning assigned to such term in the recitals.

 

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

 

(a)           (1)
the initial Note B Principal Balance minus (2) the sum (without duplication) of (x) any payments of principal (whether as principal
prepayments or otherwise) allocated to, and received on, Note B after the date of creation of Note B, (y) any

 

    16 

    

    

 

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 the (i) 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 Note B Control Appraisal Period shall terminate upon the occurrence of a Threshold Event Cure by the Note B Holder.

 

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

 

“Note
B Holder” shall mean the Initial Note B Holder, and any successor in interest, or any subsequent holder of the 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 A1-A Principal Balance, the Note A1-B Principal Balance, the Note
A2 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 A1 Default Rate, the Note A2 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 A1 Default Rate, the Note A2 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 A1 Rate, the Note A2 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 A1-A Holder, the Note A1-B Holder, the Note A2 Holder and the Note B Holder, as applicable.

 

    17 

    

    

 

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

 

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

 

“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 Securitization Servicing Agreement in respect of a delinquent monthly
debt service payment on the Note securitized pursuant to such Securitization Servicing Agreement.

 

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

 

“Person”
(i) prior to the Lead Securitization Date, shall have the meaning assigned to such term or an analogous term in the Model PSA,
and (ii) from and after the Lead Securitization Date, assigned to such term or an analogous term in the Lead Securitization 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 A1-A Principal Balance, the Note A1-B Principal Balance, the Note A2 Principal Balance
and the Note B Principal Balance, as applicable.

 

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

 

“Prohibited
Person” means any Person:

 

(i)            listed
in the annex to, or who is otherwise subject to the provisions of, Executive Order No. 13224 on Terrorist Financing, effective
September 24, 2001, and relating to Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit,
or Support Terrorism (the “Executive Order”);

 

(ii)           that
is owned or controlled by, or acting for or on behalf of, any Person that is listed in the annex to, or is otherwise subject to
the provisions of, the Executive Order;

 

    18 

    

    

 

(iii)          with
whom a Person is prohibited from dealing or otherwise engaging in any transaction by any terrorism or money laundering law, including
the Executive Order;

 

(iv)          who
commits, threatens or conspires to commit or supports “terrorism” as defined in the Executive Order;

 

(v)           that
is named as a “specially designated national and blocked person” on the most current list published by the U.S. Treasury
Department Office of Foreign Assets Control at its official website or at any replacement website or other replacement official
publication of such list; or

 

(vi)          who
is an Affiliate of any Person listed in clauses (i) through (v) above.

 

“Property
Protection Advance” (i) prior to the Lead Securitization Date, shall have the meaning assigned to such term or an analogous
term in the Model PSA, and (ii) from and after the Lead Securitization Date, assigned to such term or an analogous term in the
Lead Securitization 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 of the Initial Note A1-A Holder, the Initial
Note A1-B Holder, the Initial Note A2 Holder or the Initial Note B 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, 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, or an “accredited investor” within the meaning of Rule 501(a) (1), (2), (3) or (7) of Regulation
D under the Securities Act, or

 

(iii)       a
Qualified Trustee (or in the case of a CDO, a single purpose bankruptcy remote entity which contemporaneously assigns or pledges
its Subordinate 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

 

    19 

    

    

 

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

 

(v)        an
entity substantially similar to any of the foregoing, and in the case of any entity referred to in clause (b)(i), (b)(ii),
(b)(iii)(a), (b)(iv)(B), (b)(v) or (b)(vii) of this definition, (x) such entity has at least $250,000,000
in capital/statutory surplus or shareholders’ equity (except with respect to a pension advisory firm, asset manager or similar
fiduciary) and at least $600,000,000 in total assets (in name or under management), and (y) is regularly engaged in the business
of making or owning commercial real estate loans (or interests therein) similar to the Mortgage Loan (or mezzanine loans with
respect thereto) or owning or operating commercial real estate properties; provided that, in the case of the entity described
in clause (iv) (B) above, the requirements of this clause (y) may be satisfied by a general partner, managing member,
or the fund manager responsible for the day-to-day management and operation of such entity, or

 

(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

 

    20 

    

    

 

lenders
in such syndicate are otherwise Qualified Institutional Lenders under clauses (b)(i), (ii), (iv) and (v) above, or

 

(vii)      a
private real estate trust established and authorized under the laws of Korea (an “Acquiring Korean Trust”),
so long as (x) the beneficiaries of, and owners of not less than 51% of the equity interests in the Acquiring Korean Trust are,
directly or indirectly, Persons that are otherwise Qualified Institutional Lenders and satisfy the capital surplus/equity and
total asset requirements set forth herein, or

 

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

 

provided,
however, that in no event shall any of the Persons listed above be Qualified Institutional Lenders to the extent that such Person
(i) is a Prohibited Person, (II) itself has been and/or any other Person owned or controlled by such Person or affiliated with
such Person has been, within the ten (10) years preceding the date of determination, the subject of any case, proceeding or other
action by or against such Person under any existing or future law of any jurisdiction relating to bankruptcy, insolvency, reorganization
or relief of debtors, (III) is controlled by and/or owned in any material respect by any Person(s) which have ever been convicted
of a felony, or (IV) is a Prohibited Entity.

 

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

 

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

 

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

 

    21 

    

    

 

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

 

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

 

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

 

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

 

“Relative
Spread” shall mean any of the Note A1 Relative Spread, Note A2 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,
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

 

    22 

    

    

 

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

 

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

 

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

 

“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 A1-A Holder, Note A1-B Holder, Note A2 Holder or Note B Holder of all or a portion of
such Note to a depositor, who will in turn include such portion of such Note as part of a securitization of one or more mortgage
loans.

 

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

 

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

 

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

 

“Securitizing
Noteholder” has the meaning assigned to such term in Section 2(a).

 

    23 

    

    

 

“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 A2 Holder or the Note B Holder in accordance with
Section 11) and shall not be deemed to exist to the extent the Note A2 Holder or 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.

 

“Senior
Noteholder” means any holder of a Senior Note.

 

“Senior
Note(s)” means Note A1-A and Note A1-B.

 

“Serviced
Whole Loan Collection Account” (i) prior to the Lead Securitization Date, shall have the meaning assigned to such term
or an analogous term in the Model PSA, and (ii) from and after the Lead Securitization Date, assigned to such term or an analogous
term in the Lead Securitization Servicing Agreement.

 

“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” (i) prior to the Lead Securitization Date, shall mean the interim servicing agreement determined by the Note
A1-A Holder and (ii) after the Lead Securitization Date, the Lead Securitization Servicing Agreement; provided that in
the event that the Lead Securitization Note is no longer an asset of the trust fund created pursuant to the Lead Securitization
Servicing Agreement, the “Servicing Agreement” shall be determined in accordance with Section 2(j).

 

“Servicing
Fee Rate” shall be the per annum rate at which primary servicing fees are payable in respect of the Mortgage Loan (but
in no event in excess of 0.00250%) per annum) as set forth in the Servicing Agreement. The Servicing Fee Rate shall not reflect
any master servicing fees payable by any Noteholder.

 

“Servicing
Standard” (i) prior to the Lead Securitization Date, shall have the meaning assigned to such term or an analogous term
in the Model PSA, and (ii) from and after the

 

    24 

    

    

 

Lead
Securitization Date, assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.

 

“Servicing
Transfer Event” (i) prior to the Lead Securitization Date, shall have the meaning assigned to such term or an analogous
term in the Model PSA, and (ii) from and after the Lead Securitization Date, assigned to such term or an analogous term in the
Lead Securitization Servicing Agreement.

 

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

 

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

 

“Subordinate
Note” shall mean each of Note A2 and Note B.

 

“Subordinate
Noteholder” shall mean each of the Note A2 Holder and the Note B Holder.

 

“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.

 

    25 

    

    

 

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

 

(b)  
In no event shall any Subordinate Noteholder be entitled to exercise any rights of the “directing holder”,
controlling or consulting class or any analogous class or holder under the Servicing Agreement except to the extent such Subordinate
Noteholder is given such rights expressly under the terms of this Agreement or the Servicing Agreement in its capacity as the
Controlling Noteholder, and in no event may any such “directing holder”, controlling or consulting class or analogous
class or holder under the Servicing Agreement have any of the rights of the Controlling Noteholder hereunder except during a Note
A2 Control Appraisal Period.

 

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

 

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

 

In
addition, each Non-Lead Securitization Noteholder (including, but not limited to, the related Non-Lead Securitization Trust) shall
be required to, promptly following notice from the Master Servicer or the Special Servicer, pay or reimburse the Lead Securitization
for such Non-Lead Securitization Noteholder’s pro rata share of any additional trust fund expenses with respect to
the Mortgage Loan or the Mortgaged Property, any other fees, costs or expenses incurred in connection with the servicing and administration
of the Mortgage Loan and allocable to the Senior Noteholders pursuant to this Agreement and as to which the Master Servicer, the
Special Servicer, the Certificate Administrator, the Trustee, the Operating Advisor or the Depositor, as applicable, is entitled
to be reimbursed pursuant to the Lead Securitization Servicing Agreement, and any fees, costs or expenses related to obtaining
a Rating Agency Confirmation and allocated to the Senior Noteholders, in each case to the extent amounts on deposit in the Serviced
Whole Loan Collection Account that are allocated to the Non-Lead Securitization Notes are insufficient for reimbursement

 

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

 

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

 

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

 

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

 

(i)           
any payments received on the Mortgage Loan shall be paid by the Master Servicer to each of the Noteholders on the “master
servicer remittance date” under the Servicing Agreement; provided, that, with respect to a Non-Lead Securitization Note,
remittances shall be made to the related Non-Lead Securitization Noteholder in accordance with clause (viii) below;

 

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

 

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

 

(iv)          the
Servicing Agreement may not be amended without the consent of each Non-Lead Noteholder if such amendment would be materially adverse
to such Non-Lead

 

    29 

    

    

 

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

 

(v)           [reserved];

 

(vi)          the
Master Servicer or Trustee shall be required to provide written notice to each Non-Lead Master Servicer and each Non-Lead Trustee
of any P&I Advance it has made with respect to the Lead Securitization Note within two (2) Business Days of making such advance;

 

(vii)         if
the Master Servicer determines that a proposed P&I Advance with respect to the Lead Securitization Note or Property Protection
Advance with respect to the Mortgage Loan, if made, or any outstanding P&I Advance or Property Protection Advance previously
made, would be, or is, as applicable, a Nonrecoverable Advance, the Master Servicer shall provide each Non-Lead Master Servicer
written notice of such determination promptly after such determination was made together with such reports that the Master Servicer
delivered to the Special Servicer or Trustee in connection with notification of its determination of nonrecoverability;

 

(viii)      
the Master Servicer shall remit all payments allocated to a Non-Lead Securitization Note pursuant to Section 3 or
4, net of the servicing fees payable to the Master Servicer and Special Servicer with respect to such Non-Lead Securitization
Note, and any other applicable fees and reimbursements payable to the Master Servicer, the Special Servicer and the Trustee, to
the related Non-Lead Securitization Noteholder by the earlier of (x) the Master Servicer Remittance Date (as defined in the Lead
Securitization Servicing Agreement) and (y) the Business Day following the “determination date” (or any term substantially
similar thereto) as defined in the related Non-Lead Securitization Servicing Agreement (such determination date, the “Non-Lead
Securitization Determination Date”), in each case as long as the date on which remittance is required under this clause
(viii) is at least one (1) Business Day after the scheduled monthly payment date under the Mortgage Loan Agreement, provided,
that any late collections received by the Master Servicer after the related due date under the Mortgage Loan shall be remitted
by the Master Servicer in accordance with Section 2(c)(xv) below;

 

(ix)         
in connection with the expedited remittances contemplated by the preceding clause (viii) and the expedited reporting
contemplated by the following clause (x), (A) the Special Servicer shall (x) expedite its delivery of reports to the Master
Servicer with respect to the Mortgage Loan or the Mortgaged Property (including the delivery of information contemplated by CREFC®
reports that the Special Servicer is required to deliver to the Master Servicer) so that the reports (including CREFC® reports)
provided by the Master Servicer to each Non-Lead Securitization Noteholder may include all information contemplated to be included
therein for the applicable reporting period, and (y) expedite withdrawals from accounts maintained by it and remittances to the
Master Servicer in respect of the Mortgage Loan or the Mortgaged Property so that the Master Servicer’s remittances to each
Non-Lead Securitization Noteholder contemplated by the preceding

 

    30 

    

    

 

clause
(viii) may include all amounts for the applicable collection period; and (B) each party responsible under the Lead Securitization
Servicing Agreement for delivering any Additional Form 10-D Disclosure (or analogous information) to a Non-Lead Trustee or Non-Lead
Depositor in respect of a Non-Lead Securitization Note shall deliver such Additional Form 10-D Disclosure (or analogous information)
no later than the 5th calendar day following the distribution date for the related Non-Lead Securitization;

 

(x)           with
respect to each Non-Lead Note, the Master Servicer agrees to deliver or cause to be delivered or to make available to the Noteholder
(or, in the case of a Non-Lead Note held by a Securitization, the related Non-Lead Master Servicer) all reports required to be
delivered by the Master Servicer to the Certificate Administrator and the Trustee under the Lead Securitization Servicing Agreement
(which shall include all loan-level reports constituting the CREFC® Investor Reporting Package (IRP)) pursuant to the terms
of the Lead Securitization Servicing Agreement, to the extent related to the Mortgage Loan, the Mortgaged Property, the Non-Lead
Note, the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee, by the earlier of (x) the Master
Servicer Remittance Date and (y) the Business Day following the related Non-Lead Securitization Determination Date (if any), in
each case so long as the date on which delivery is required under this clause (ix) is at least one (1) Business Day after
the scheduled monthly payment date under the Mortgage Loan Agreement;

 

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

 

(xii)         the
servicing duties of each of the Master Servicer and Special Servicer under the Lead Securitization Servicing Agreement shall include
the duty to service the Mortgage Loan and all of the Notes on behalf of the Noteholders (including any respective trustees and
certificateholders) in accordance with the terms and provisions of this Agreement, the Lead Securitization Servicing Agreement
and the Servicing Standard;

 

(xiii)        each
Non-Lead Noteholder shall be entitled to the same indemnity as the Lead Securitization Noteholder under the Lead Securitization
Servicing Agreement; each of the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating
Advisor and the Custodian shall be required to (and shall require any Servicing Function Participant or Additional Servicer engaged
by it to) indemnify each Certifying Person and each Non-Lead Depositor, and their respective directors and officers and controlling
persons, to the same extent that they indemnify the Depositor (as depositor in respect of the Lead Securitization) and each Certifying
Person for (i) its failure to deliver the items in clause (xiii) below in a timely manner, (ii) its failure to perform
its obligations to such Non-Lead Depositor or the related Non-Lead Trustee under Article X (or any article substantially similar
thereto) of the Lead Securitization Servicing Agreement by the time required after giving effect to any applicable grace period
or cure period, (iii) the failure of any Servicing Function Participant or Additional Servicer retained by it (other than an Initial
Sub-Servicer) to perform its obligations to such depositor or trustee under such

 

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Article
X (or any article substantially similar thereto) of the Lead Securitization Servicing Agreement by the time required and/or (iv)
any Deficient Exchange Act Deliverable regarding, and delivered by or on behalf of, such party;

 

(xiv)        with
respect to any Non-Lead Securitization that is subject to reporting requirements under the Securities Act, the Exchange Act (including
Rule 15Ga-1), and Regulation AB, (a) the Master Servicer, any primary servicer, the Special Servicer, the Trustee, the Certificate
Administrator or other party acting as custodian for the Lead Securitization shall be required to deliver (and shall be required
to cause each other servicer and servicing function participant (within the meaning of Items 1123 and 1122, respectively, of Regulation
AB) retained or engaged by it to deliver; provided that such party shall only be required to use commercially reasonable
efforts to cause an Initial Sub-Servicer to deliver), in a timely manner (i) the reports, certifications, compliance statements,
accountants’ assessments and attestations, and information to be included in reports (including, without limitation, Form
ABS-15G, Form 10-K, Form 10-D and Form 8-K), and (ii) upon request, any other materials specified in the related Non-Lead Securitization
Servicing Agreement, in the case of sub-clauses (i) and (ii), as the related Non-Lead Depositor or the related Non-Lead
Trustee reasonably believes, in good faith, are required in order for such Non-Lead Depositor or such Non-Lead Trustee to comply
with (1) its obligations under the Securities Act, the Exchange Act (including Rule 15Ga-1), Regulation AB and Form SF-3 and (2)
any applicable comment letter from the Commission or its obligations with respect to any Deficient Exchange Act Deliverable, (b)
without limiting the generality of the foregoing (x) the Depositor or the Lead Securitization Noteholder shall provide or cause
to be provided to such Non-Lead Depositor (and to counsel to such Non-Lead Depositor) and such Non-Lead Trustee (1) written notice
(which may be by email) in a timely manner (but no later than three (3) Business Days prior to closing) of the occurrence of the
Lead Securitization, and (2) no later than the closing date of the Lead Securitization, a copy of the Lead Securitization Servicing
Agreement in an EDGAR-compatible format, and (y) the Master Servicer and Special Servicer (or any replacement Master Servicer
or Special Servicer, as applicable) shall, upon reasonable prior written request, and subject to the right of the Master Servicer
or the Special Servicer, as the case may be, to review and approve such disclosure materials, permit a holder of any Non-Lead
Securitization Note to use such party’s description contained in the Lead Securitization prospectus (updated as appropriate
by the Master Servicer or Special Servicer, as applicable, at the cost of the related Non-Lead Sponsor) or contained in a Lead
Securitization Form 8-K), for inclusion in the disclosure materials or a Form 8-K relating to any securitization of a Non-Lead
Securitization Note, and (z) the Master Servicer and the Special Servicer (or any replacement Master Servicer or Special Servicer,
as applicable), shall provide indemnification agreements, opinions and Regulation AB compliance letters as were or are being delivered
with respect to the Lead Securitization (in each case, at the cost of the related Non-Lead Sponsor), and (c) in connection with
any amendment of the Lead Securitization Servicing Agreement, the Depositor shall provide written notice (which may be by email)
of such proposed amendment to each Non-Lead Depositor and each Non-Lead Trustee no later than three (3) Business Days prior to
the date of effectiveness of such amendment, and, on the date of effectiveness of such amendment to the Lead Securitization Servicing
Agreement, provide a copy of such amendment in an EDGAR-compatible format to such Non-Lead Depositor and such Non-

 

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Lead
Trustee. The Master Servicer and the Special Servicer shall each be required to provide certification and indemnification to any
Certifying Person with respect to any applicable Sarbanes-Oxley Certification with respect to a Non-Lead Securitization;

 

(xv)         each
of the Master Servicer, the Special Servicer, the Custodian and the Trustee and each Affected Reporting Party shall cooperate
(and require each Servicing Function Participant and Additional Servicer retained by it to cooperate under the applicable Sub-Servicing
Agreement), with the related Non-Lead Depositor (including, without limitation, providing all due diligence information, reports,
written responses, negotiations and coordination) to the same extent as such party is required to cooperate with the Depositor
under Article X (or any article substantially similar thereto) of the Lead Securitization Servicing Agreement and in connection
with Deficient Exchange Act Deliverables. All respective reasonable out-of-pocket costs and expenses incurred by a Non-Lead Depositor
(including reasonable legal fees and expenses of outside counsel to such depositor) in connection with the foregoing (other than
those costs and expenses related to participation by such Non-Lead Depositor in any telephone conferences and meetings with the
Commission and other costs such Non-Lead Depositor must bear pursuant to Article X (or any article substantially similar thereto)
of the Lead Securitization Servicing Agreement) and any amendments to any reports filed with the Commission therewith shall be
promptly paid by the applicable Affected Reporting Party upon receipt of an itemized invoice from such Non-Lead Depositor;

 

(xvi)        any
late collections received by the Master Servicer from the Mortgage Loan Borrower that are allocable to a Non-Lead Securitization
Note or reimbursable to the related Non-Lead Master Servicer or the related Non-Lead Trustee shall be remitted by the Master Servicer
to the related Non-Lead Master Servicer within one (1) Business Day of receipt of properly identified funds; provided,
however, that to the extent any such amounts are received after 3:00 p.m. Eastern time on any given Business Day, the Master
Servicer shall use commercially reasonable efforts to remit such amounts to the related Non-Lead Master Servicer within one (1)
Business Day of receipt of properly identified funds but, in any event, the Master Servicer shall remit such amounts within two
(2) Business Days of receipt of properly identified funds; and provided, further, that in the event the Master Servicer
is in receipt of properly identified funds that are not available to the Master Servicer, the Master Servicer may instead remit
such amounts on the same Business Day that such properly identified funds become available to the Master Servicer;

 

(xvii)       each
Non-Lead Master Servicer and each Non-Lead Special Servicer shall each be a third-party beneficiary of the Lead Securitization
Servicing Agreement with respect to all provisions therein expressly relating to compensation, reimbursement or indemnification
of such Non-Lead Master Servicer or such Non-Lead Special Servicer, as the case may be, and the provisions regarding coordination
of Advances;

 

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

 

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(xix)         Servicer
Termination Events with respect to the Master Servicer and the Special Servicer shall include: (i) solely with respect to the
Master Servicer, the failure to timely remit payments to a Non-Lead Noteholder, which failure continues unremedied for one (1)
Business Day following the date on which such payment was to be made; (ii) solely with respect to the Special Servicer, the failure
to deposit into any REO Account any amount required to be so deposited within two (2) Business Days after the date such deposit
was to be made, or the failure to remit to the Master Servicer for deposit into the Collection Account or the related Serviced
Whole Loan Collection Account, as applicable, any amount required to be so remitted by the Special Servicer within one (1) Business
Day after the date such remittance was to be made (or, under certain circumstances, within two (2) Business Days); (iii) solely
with respect to the Special Servicer, the failure to meet the applicable criteria of each Rating Agency rating a Securitization;
and (iv) the failure to provide to a Non-Lead Securitization Noteholder (if and to the extent required under the related Non-Lead
Securitization) reports required under the Exchange Act, and the rules and regulations thereunder, in a timely fashion. Upon the
occurrence of such a Servicer Termination Event with respect to the Master Servicer affecting any Non-Lead Noteholder and the
Master Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Trustee shall, upon the
direction of any Non-Lead Noteholder, require the appointment of a subservicer with respect to the affected Non-Lead Note, which
appointment will be subject to written confirmation from each Rating Agency that such appointment would not, in and of itself,
cause a downgrade, qualification or withdrawal of the then-current ratings assigned to the securities issued in connection with
any Securitization. Upon the occurrence of a Servicer Termination Event with respect to the Special Servicer affecting a Non-Lead
Noteholder and the Special Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Trustee
shall, upon direction of a Non-Lead Noteholder, terminate the Special Servicer with respect to, but only with respect to, the
Mortgage Loan;

 

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

 

(xxi)         if
a Non-Lead Securitization Note becomes the subject of an Asset Review pursuant to the related Non-Lead Securitization Servicing
Agreement, the Master Servicer, the Special Servicer, the Trustee and the Custodian shall reasonably cooperate with the related
Non-Lead Asset Representations Reviewer in connection with such Asset Review

 

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by
providing such Non-Lead Asset Representations Reviewer with any documents reasonably requested by such Non-Lead Asset Representations
Reviewer, but only to the extent (x) such documents are in the possession of the Master Servicer, the Special Servicer, the Trustee
or the Custodian, as the case may be, and (y) such Non-Lead Asset Representations Reviewer has not been able to obtain such documents
from the related mortgage loan seller; and

 

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

 

Furthermore,
the Servicing Agreement, as it relates to the servicing of the Subordinate Notes, shall contain provisions no less favorable to
the Subordinate Noteholders than the comparable provisions contained in the Model PSA (unless otherwise agreed in writing by the
Subordinate Noteholders).

 

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

 

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

 

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Servicer
to the extent related to the servicing and administration of the Mortgage Loan and the Mortgaged Property);

 

(ii)           each
of the Indemnified Parties shall be indemnified (as and to the same extent the Lead Securitization Trust is required to indemnify
each of such Indemnified Parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the terms of
the Lead Securitization Servicing Agreement and, in the case of the Lead Securitization Trust, to the extent of any additional
trust fund expenses with respect to the Mortgage Loan) by the related Non-Lead Securitization Trust, against any of the Indemnified
Items to the extent of its pro rata share of such Indemnified Items and, to the extent amounts on deposit in the Serviced
Whole Loan Collection Account that are allocated to related Non-Lead Securitization Note are insufficient for reimbursement of
such amounts, the related Non-Lead Master Servicer will be required to reimburse each of the applicable Indemnified Parties for
the related Non-Lead Securitization Note’s pro rata share of the insufficiency out of general funds in the collection
account (or equivalent account) established under the related Non-Lead Securitization Servicing Agreement;

 

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

 

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

 

(g)  
The Lead Securitization Noteholder shall:

 

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

 

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

 

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

 

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

 

(j)    At
any time after the Lead Securitization Date, the Lead Securitization Note is no longer subject to the provisions of the Lead Securitization
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 each other Senior Noteholder and each Subordinate
Noteholder, in substance, to those in the Servicing Agreement and all references herein to the “Servicing Agreement”
shall mean such subsequent servicing agreement; provided, however, that if a Non-Lead Securitization Note is in a Securitization,
then a written confirmation shall have been obtained from each Rating Agency rating such Securitization that the appointment of
the servicer(s) pursuant to such servicing agreement would not, in and of itself, cause a downgrade, qualification or withdrawal
of the then-current ratings assigned to the securities issued in connection with such Securitization; provided, further,
that until a replacement servicing agreement has been entered into, the Lead Securitization Noteholder shall cause the Mortgage
Loan to be serviced in accordance with the servicing provisions set forth in the Servicing Agreement as if such agreement was
still in full force and effect with respect to the Mortgage Loan; provided, however, that the Servicer under such
replacement Servicing Agreement shall have no further obligations to advance monthly payments of principal and interest; provided,
further, however, that until a replacement servicing agreement is in place, the actual servicing of the Mortgage
Loan may be performed by any nationally recognized commercial mortgage loan servicer meeting the requirements of the Servicing

 

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Agreement
appointed by the Lead Securitization Noteholder and the special servicer appointed by the Controlling Noteholder (which special
servicer must satisfy the Required Special Servicer Rating of, or otherwise be acceptable to, each of the Rating Agencies rating
any outstanding Securitization) and does not have to be performed by the service providers set forth under the Servicing Agreement.

 

Section
3.            Subordination
of the Subordinate Notes; Payments Prior to a Sequential Pay Event. Note A2 and the rights of the Note A2 Holder to receive
payments of interest, principal and other amounts with respect to Note A2 shall at all times be junior, subject and subordinate
to the Senior Notes and the respective rights of the Senior Noteholders to receive payments of interest, principal and other amounts
with respect to the Senior Notes, as and to the extent set forth herein. Note B and the rights of the Note B Holder to receive
payments of interest, principal and other amounts with respect to such Note B shall at all times be junior, subject and subordinate
to the Senior Notes and Note A2 and the respective rights of the Senior Noteholders and the Note A2 Holder to receive payments
of interest, principal and other amounts with respect to the Senior Notes and Note A2, as and to the extent set forth herein.
If no Sequential Pay Event shall have occurred and be continuing, all amounts tendered by the Mortgage Loan Borrower or otherwise
available for payment on or with respect to or in connection with the Mortgage Loan or the Mortgaged Property or amounts realized
as proceeds thereof, whether received in the form of Monthly Payments, the Balloon Payment, Liquidation Proceeds, proceeds under
any guaranty, letter of credit or other collateral or instrument securing the Mortgage Loan or Insurance and Condemnation Proceeds
(other than proceeds, awards or settlements that are required to be applied to the restoration or repair of the Mortgaged Property
or released to the Mortgage Loan Borrower in accordance with the terms of the Mortgage Loan Documents, to the extent permitted
by the REMIC Provisions), but excluding (x) all amounts for required reserves or escrows required by the Mortgage Loan Documents
(to the extent, in accordance with the terms of the Mortgage Loan Documents) to be held as reserves or escrows or received as
reimbursements on account of recoveries in respect of Advances then due and payable or reimbursable to the Servicer under the
Servicing Agreement and (y) all amounts that are then due, payable or reimbursable to any Servicer (excluding master servicing
fees, trustee fees, certificate administrator fees, operating advisor fees and asset representations reviewer fees, all of which
shall be payable by each of the Senior Noteholders to such parties out of distributions made to them in respect of their respective
Senior Notes), with respect to the Mortgage Loan pursuant to the Servicing Agreement (such amounts contemplated by clauses
(x) and (y), “Withheld Amounts”), shall be distributed by the Master Servicer in the following order
of priority without duplication (and payments shall be made at such times as are set forth in the Servicing Agreement):

 

(a)   
first, to the Senior Noteholders, pro rata (based on their respective entitlements to interest) in an amount
equal to the accrued and unpaid interest on the aggregate Principal Balance of the Senior Notes at the Net Note A1 Rate;

 

(b)  
second, to the Senior Noteholders, pro rata (based on the respective Principal Balances of the Senior Notes)
in an aggregate amount equal to all principal payments received, including any Insurance and Condemnation Proceeds received with
respect to such Monthly Payment Date with respect to the Mortgage Loan allocated as principal on the Mortgage Loan and payable
to the Noteholders, until the aggregate Principal Balance of the Senior Notes has been reduced to zero;

 

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(c)   
third, to the Senior Noteholders, pro rata (based on their respective entitlements) up to the amount of any
unreimbursed out-of-pocket costs and expenses paid by such Senior Noteholders 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 A1-A and Note A1-B has been reduced, such excess amount shall be paid to the Note A1-A Holder, and the
Note A1-B Holder pro rata (based on the Note A1-A Principal Balance and the Note A1-B Principal Balance) in an aggregate
amount up to the reduction, if any, of the Note A1-A Principal Balance and the Note A1-B Principal Balance as a result of such
Workout, plus interest on such aggregate amount at the Note A1 Rate;

 

(e)   
fifth, to the Note A2 Holder in an amount equal to the accrued and unpaid interest on the Note A2 Principal Balance
at the Net Note A2 Rate;

 

(f)   
sixth, to the Note A2 Holder in an amount equal to all principal payments received, including any Insurance and
Condemnation Proceeds received with respect to such Monthly Payment Date with respect to the Mortgage Loan allocated as principal
on the Mortgage Loan and payable to the Noteholders, remaining after giving effect to the allocations in clause (b) above,
until the Note A2 Principal Balance has been reduced to zero;

 

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

 

(i)    
ninth, to the extent the Note A2 Holder has made any payments or advances to cure defaults pursuant to Section
11, to reimburse such Note A2 Holder for all such cure payments;

 

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

 

(k)  
eleventh, to the Senior Noteholders, pro rata (based on the respective Principal Balances of the Senior Notes)
in an aggregate amount equal to the product of (i) the Note A1 Percentage Interest multiplied by (ii) the Note A1 Relative Spread,
and (iii) any Prepayment Premium to the extent paid by the Mortgage Loan Borrower;

 

(l)    
twelfth, to the Note A2 Holder in an amount equal to the product of (i) the Note A2 Percentage Interest multiplied
by (ii) the Note A2 Relative Spread and (iii) any Prepayment Premium to the extent paid by the Mortgage Loan Borrower;

 

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(m)
thirteenth, 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;

 

(n)  
fourteenth, 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)-(m) and, as a result of a Workout the Principal
Balance of Note A2 has been reduced, such excess amount shall be paid to the Note A2 Holder in an amount up to the reduction,
if any, of the Note A2 Principal Balance as a result of such Workout, plus interest on such aggregate amount at the related Note
A2 Rate;

 

(o)  
fifteenth, if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed
the amounts required to be applied in accordance with the foregoing clauses (a)-(n) and, as a result of a Workout the 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;

 

(p)  
sixteenth, 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 Senior Noteholders, the Note A2 Holder and the Note B Holder in accordance with
the Note A1 Percentage Interest, the Note A2 Percentage Interest and the Note B Percentage Interest, respectively, with the amount
distributed to the Senior Noteholders to be allocated between the Senior Noteholders pro rata based on the respective Principal
Balances of the Senior Notes; and

 

(q)  
seventeenth, 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)-(p), any remaining amount
shall be paid pro rata to the Senior Noteholders, the Note A2 Holder and the Note B Holder in accordance with the initial
Note A1 Percentage Interest, the initial Note A2 Percentage Interest and the initial Note B Percentage Interest, respectively,
with the amount distributed to the Senior Noteholders to be allocated between the Senior Noteholders pro rata based on
the respective Principal Balances of the Senior Notes.

 

Notwithstanding
anything contained herein to the contrary, the Subordinate Noteholders shall receive amounts constituting payments for Debt Service
due to Subordinate Noteholders under the Mortgage Loan required to be remitted to such Subordinate Noteholders pursuant to this
Section 3 within two (2) Business Days of the applicable Monthly Payment Date.

 

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

 

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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 Senior Noteholders, pro rata (based on their respective entitlements to interest) in an amount
equal to the accrued and unpaid interest on the aggregate Principal Balance of the Senior Notes at the Net Note A1 Rate;

 

(b)  
second, to the Senior Noteholders, pro rata (based on the respective Principal Balances of the Senior Notes),
until the aggregate Principal Balance of the Senior Notes has been reduced to zero;

 

(c)   
third, to the Senior Noteholders, pro rata (based on their respective entitlements) up to the amount of any
unreimbursed out-of-pocket costs and expenses paid by such Senior Noteholders 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, 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 A1-A and Note A1-B has been reduced, such excess amount shall be paid to the Note A1-A Holder, and the
Note A1-B Holder pro rata (based on the Note A1-A Principal Balance and the Note A1-B Principal Balance) in an aggregate
amount up to the reduction, if any, of the Note A1-A Principal Balance and the Note A1-B Principal Balance as a result of such
Workout, plus interest on such aggregate amount at the Note A1 Rate;

 

(e)   
fifth, to the Note A2 Holder in an amount equal to the accrued and unpaid interest on the Note A2 Principal Balance
at the Net Note A2 Rate;

 

(f)   
sixth, to the Note A2 Holder, until the Note A2 Principal Balance has been reduced to zero;

 

(g)  
seventh, to the extent the Note A2 Holder has made any payments or advances to cure defaults pursuant to Section
11, to reimburse the Note A2 Holder for all such cure payments; and to the Note A2 Holder in the amount of any other unreimbursed
reasonable out-of-

 

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pocket
costs and expenses paid by the Note A2 Holder, in each case to the extent reimbursable by, but not previously reimbursed by, the
Mortgage Loan Borrower;

 

(h)  
eighth, 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;

 

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

 

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

 

(k)   
eleventh, to the Senior Noteholders, pro rata (based on the respective Principal Balances of the Senior Notes)
in an aggregate amount equal to the product of (i) the Note A1 Percentage Interest multiplied by (ii) the Note A1 Relative Spread,
and (iii) any Prepayment Premium to the extent paid by the Mortgage Loan Borrower;

 

(l)    
twelfth, to the Note A2 Holder in an amount equal to the product of (i) the Note A2 Percentage Interest multiplied
by (ii) the Note A2 Relative Spread and (iii) any Prepayment Premium to the extent paid by the Mortgage Loan Borrower;

 

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

 

(n)  
fourteenth, 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)-(m) and, as a result of a Workout the Principal
Balance of Note A2 has been reduced, such excess amount shall be paid to the Note A2 Holder in an amount up to the reduction,
if any, of the Note A2 Principal Balance as a result of such Workout, plus interest on such aggregate amount at the related Note
A2 Rate;

 

(o)  
fifteenth, if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed
the amounts required to be applied in accordance with the foregoing clauses (a)-(n) and, as a result of a Workout the 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;

 

(p)  
sixteenth, 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 Senior

 

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Noteholders,
the Note A2 Holder and the Note B Holder in accordance with the Note A1 Percentage Interest, the Note A2 Percentage Interest and
the Note B Percentage Interest, respectively, with the amount distributed to the Senior Noteholders to be allocated between the
Senior Noteholders pro rata based on the respective Principal Balances of the Senior Notes; and

 

(q)  
seventeenth, 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)-(p), any remaining amount
shall be paid pro rata to the Senior Noteholders, the Note A2 Holder and the Note B Holder in accordance with the initial
Note A1 Percentage Interest, the initial Note A2 Percentage Interest and the initial Note B Percentage Interest, respectively,
with the amount distributed to the Senior Noteholders to be allocated between the Senior Noteholders pro rata based on
the respective Principal Balances of the Senior Notes.

 

Section
5.            Administration
of the Mortgage Loan.

 

(a)   
Subject to this Agreement (including, without limitation, the rights of the Controlling Noteholder as set forth in Section
5(f) below) and the Servicing Agreement and consistent with the Servicing Standard, the Lead Securitization Noteholder (or
any Servicer acting on behalf of the Lead Securitization Noteholder) shall have the sole and exclusive authority with respect
to the administration of, and exercise of rights and remedies with respect to, the Mortgage Loan, including, without limitation,
the sole authority to modify or waive any of the terms of the Mortgage Loan Documents or consent to any action or failure to act
by the Mortgage Loan Borrower or any other party to the Mortgage Loan Documents, call or waive any Event of Default, accelerate
the Mortgage Loan or institute any foreclosure action or other remedy and no other Noteholder shall have any voting, consent or
other rights whatsoever with respect to the Lead Securitization Noteholder’s administration of, or exercise of its rights
and remedies with respect to, the Mortgage Loan. Subject to this Agreement and the Servicing Agreement (including, without limitation,
Section 5(f) below) and consistent with the Servicing Standard, the Note A1-B Holder and each Subordinate Noteholder agrees
that it shall have no right to, and hereby presently and irrevocably assigns and conveys to the Lead Securitization Noteholder
(or any Servicer acting on behalf of the Lead Securitization Noteholder) the rights, if any, that such A1-B Holder or Subordinate
Noteholder, as applicable, has to, (i) call or cause the Lead Securitization Noteholder to call an Event of Default under
the Mortgage Loan, or (ii) exercise any remedies with respect to the Mortgage Loan or the Mortgage Loan Borrower, including,
without limitation, filing or causing the Lead Securitization Noteholder to file any bankruptcy petition against the Mortgage
Loan Borrower. The Lead Securitization Noteholder (or any Servicer acting on behalf of the Lead Securitization Noteholder) shall
not have any fiduciary duty to any other Noteholder in connection with the administration of the Mortgage Loan (but the foregoing
shall not relieve the Lead Securitization Noteholder from the obligation to make any disbursement of funds as set forth herein).

 

(b)  
The administration of the Mortgage Loan shall be governed by this Agreement and the Servicing Agreement. Each Noteholder
agrees to be bound by the terms of this Agreement and the Servicing Agreement. The Servicers shall service the Mortgage Loan in
accordance with the terms of this Agreement, including without limitation, the rights of the Subordinate Noteholders set forth
in Section 5(f) below and consistent with the Servicing Standard. Servicing

 

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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 shall
cause the Master Servicer and the Special Servicer to service and administer the Mortgage Loan in accordance with the Servicing
Standard, taking into account the interests of each of the Noteholders as a collective whole (it being understood that (x) the
interest of the Note A2 Holder is subordinate to the Senior Notes and (y) the interest of the Note B Holder is subordinate to
the Senior Notes and Note A2, in the cause of each of (x) and (y) subject to the terms and conditions of this Agreement, including
without limitation the rights of the Controlling Noteholder), and any Subordinate Noteholder who is not the Mortgage Loan Borrower
or a Mortgage Loan Borrower Related Party shall be deemed a third party beneficiary of such provisions of the Servicing Agreement.
The foregoing provisions of this Section 5(b) shall not limit or modify the rights of the Controlling Noteholder and/or
the 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 Senior Noteholders pursuant to Section 3 and Section 4, as applicable, shall
be made as though such Workout did not occur, with the payment terms of the Senior Notes 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, second, by the Note A2 Holder, and then, by
the Senior Noteholders (pro rata based on the Principal Balances of their respective Notes), in that order, in each case
up to the amount otherwise due on such Note(s). Subject to the Servicing Agreement and this Agreement (including without limitation
Sections 5(f) and (6)), in the case of any modification or amendment described above, the Lead Securitization
Noteholder (or the Servicer on its behalf) will have the sole authority and ability to revise the payment provisions set forth
in Section 3 and Section 4 above in a manner that reflects (x) the subordination of Note A2 to the Senior
Notes and (y) the subordination of Note B to the Senior Notes and Note A2, with respect to the loss that is the result of such
amendment or modification, including: (i) the ability to increase the Note A1 Percentage Interest, to increase or reduce,
as applicable, the Note A2 Percentage Interest, and to reduce the Note B Percentage Interest in a manner that reflects a loss
in principal as a result of such amendment or modification and (ii) the ability to change the Note A1 Rate, the Note A2 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.

 

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(d)  
All rights and obligations of the Lead Securitization Noteholder described hereunder may be exercised by the Servicers
on behalf of the Lead Securitization Noteholder in accordance with the Servicing Agreement and this Agreement. Each Non-Lead Noteholder
shall be provided access to any website that an investor would be permitted to access in accordance with the procedures set forth
in the Servicing Agreement.

 

(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 a Senior Note (or any portion thereof). The Noteholders
agree that the provisions of this Section 5(e) shall be effected by compliance by the Lead Securitization Noteholder or
its assignees with this Agreement or the Servicing Agreement or any other agreement which governs the administration of the Mortgage
Loan or the Lead Securitization Noteholder’s interests therein. All costs and expenses of compliance with this Section
5(e), to the extent that such costs and expenses relate to administration of a REMIC or to any determination respecting the
amount, payment or avoidance of any tax under the REMIC Provisions or the actual payment of any REMIC tax or expense, shall be
borne by each Noteholder with respect to the REMIC containing the Note owned by such Noteholder.

 

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

 

(f)   
(i) Subject to clauses (ii) and (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

 

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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, if a failure
to take any such action at such time would be inconsistent with the Servicing Standard, the Servicer may take actions with respect
to such Mortgaged Property before obtaining the consent of the Controlling Noteholder (or its Controlling Noteholder Representative)
if the Servicer reasonably determines in accordance with the Servicing Standard that failure to take such actions prior to such
consent would materially and adversely affect the interest of the Noteholders as a collective whole, and the Servicer has made
a reasonable effort to contact the Controlling Noteholder. The foregoing shall not relieve the Lead Securitization Noteholder
(or a Servicer acting on its behalf) of its duties to comply with the Servicing Standard.

 

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

 

The
Special Servicer shall be required to provide copies to each Non-Controlling Noteholder of any notice, information and report
that is required to be provided to the Controlling Noteholder pursuant to the Servicing Agreement with respect to any Major Decisions
or the implementation of any recommended actions outlined in an Asset Status Report within the same time frame such notice, information
and report is required to be provided to the Controlling Noteholder, and at any time the Controlling Noteholder is the Note A1-A
Holder, the Special Servicer shall be required to consult with each Non-Controlling A1 Noteholder on a strictly non-

 

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binding
basis, to the extent having received such notices, information and reports, any Non-Controlling A1 Noteholder requests consultation
with respect to any such Major Decisions or the implementation of any recommended actions outlined in an Asset Status Report,
and consider alternative actions recommended by such Non-Controlling A1 Noteholder; provided that after the expiration
of a period of ten (10) Business Days from the delivery to any Non-Controlling A1 Noteholder by the Special Servicer of written
notice of a proposed action, together with copies of the notice, information and reports, the Special Servicer shall no longer
be obligated to consult with such Non-Controlling A1 Noteholder, whether or not such Non-Controlling A1 Noteholder has responded
within such ten (10) Business Day period (unless, the Special Servicer proposes a new course of action that is materially different
from the action previously proposed, in which case such ten (10) Business Day period shall be deemed to begin anew from the date
of such proposal and delivery of all information relating thereto). After the Note A1-A Securitization, references in this paragraph
to a Non-Controlling A1 Noteholder or Non-Controlling Noteholder as such term relates to the Note A1-A Holder shall mean the Controlling
Class Representative. After the Securitization of Note A1-B, references in this paragraph to a Non-Controlling A1 Noteholder or
Non-Controlling A Noteholder as such term relates to the holder of Note A1-B shall mean the controlling class representative or
directing certificateholder or analogous term under the applicable Securitization Servicing Agreement.

 

In
addition to the consultation rights provided in the immediately preceding paragraph, and at any time the Controlling Noteholder
is the Note A1-A Holder, each Non-Controlling A1 Noteholder shall have the right to attend annual meetings (which may be held
telephonically or in person, at the discretion of the Servicer) with the Lead Securitization Noteholder (or the Master Servicer
or the Special Servicer acting on its behalf), upon reasonable notice and at times reasonably acceptable to the Master Servicer
or the Special Servicer, as applicable, in which servicing issues related to the Mortgage Loan are discussed.

 

The
Noteholders acknowledge that the Lead Securitization Servicing Agreement may contain certain provisions that give the 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.

 

Notwithstanding
Section 17.19(b) of the Mortgage Loan Agreement, Lender consent matters shall be governed by this Agreement and any consent of
CREFI or DBAG, or their successors or assigns, under the Loan Agreement in breach of the provisions hereof shall not be binding
on the non-consenting Noteholders.

 

(g)  
Either the Note A2 Holder or the Note B Holder shall be entitled to avoid a Note A2 Control Appraisal Period or a Note
B Control Appraisal Period, respectively, caused by application of an Appraisal Reduction Amount upon satisfaction of the following
(which must be completed within thirty (30) days of the Special Servicer’s receipt of a third party Appraisal that indicates
such Control Appraisal Period has occurred (which such Appraisal the Special Servicer will be required to deliver to each Subordinate
Noteholder within two (2) Business Days of receipt by the Special Servicer of such third party Appraisal) together with the Master
Servicer’s calculation of the Appraisal Reduction Amount applicable to each Subordinate Note: (i) such Subordinate Noteholder
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

 

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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 such collateral (a) cash
collateral for the benefit of, and acceptable to, the Servicer or (b) an unconditional and irrevocable standby letter of credit
with the Lead Securitization Noteholder (or after the closing of the Lead Securitization, the Servicer or such other party as
provided under the Servicing Agreement) as the beneficiary, issued by a bank or other financial institutions the long term unsecured
debt obligations of which are rated at least “AA” by S&P, “A” by Fitch and “Aa2” by Moody’s
or the short term obligations of which are rated at least “A-1+” by S&P, “F-1” by Fitch and “P-1”
by Moody’s, in each case ignoring any of the foregoing ratings requirements with respect to any rating agency that is not
one of the Rating Agencies (either (a) or (b), the “Threshold Event Collateral”), and (ii) the Threshold Event
Collateral shall be in an amount which, when added to the appraised value of the Mortgaged Property as determined pursuant to
the Servicing Agreement, would cause the applicable Control Appraisal Period not to occur. If the requirements of this paragraph
are satisfied by a Subordinate Noteholder (a “Threshold Event Cure”), no Control Appraisal Period caused by
application of an Appraisal Reduction Amount shall be deemed to have occurred with respect to such Subordinate Noteholder. If
a letter of credit is furnished as Threshold Event Collateral, the applicable Subordinate Noteholder shall be required to renew
such letter of credit not later than thirty (30) days prior to expiration thereof or to replace such letter of credit with a substitute
letter of credit or other Threshold Event Collateral with an expiration date that is greater than forty-five (45) days from the
date of substitution; provided, however, that, if a letter of credit is not renewed prior to thirty (30) days prior
to the expiration date of such letter of credit, the letter of credit shall provide that the Servicer may (and at the direction
of the applicable Controlling Noteholder, shall) draw upon such letter of credit and hold the proceeds thereof as Threshold Event
Collateral. If a letter of credit is furnished as Threshold Event Collateral, the applicable Subordinate Noteholder 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; or (ii) the occurrence of
a Final Recovery Determination. 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 a Subordinate Noteholder, any or such portion of Threshold Event Collateral held by the Servicer
shall promptly be returned to such Subordinate Noteholder (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 applicable Principal Balance, plus accrued and unpaid interest thereon at the applicable interest rate and
all other Additional Servicing Expenses reimbursable under this Agreement and under the Servicing Agreement. Any Threshold Event
Collateral shall be treated as an “outside reserve fund” for purposes of the REMIC Provisions and such property (and
the right to reimbursement of any amounts with respect thereto from a REMIC) shall be beneficially owned by the posting Noteholder
who shall be taxed on all income with respect thereto. The entire amount of Threshold

 

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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 either Subordinate Note, each of the Master
Servicer and the Special Servicer shall provide to each Subordinate Noteholder copies of all notices, reports and information
that the Servicing Agreement requires such Master Servicer or Special Servicer, as the case may be, to provide to the Controlling
Noteholder during such time as no Control Appraisal Period is in effect.

 

(i)    
The Master Servicer or Special Servicer shall obtain appraisals that meet the requirements of, and at the times required
pursuant to, the terms of the Servicing Agreement. During such time as a Note A2 Control Appraisal Period or a Note B Control
Appraisal Period is continuing, the Note A2 Holder or the Note B Holder, respectively, shall have the same right as that afforded
to an “Appraised-Out Class” under the section of the Servicing Agreement that is analogous to Section 4.08(b) of the
Model PSA, to provide or require the Special Servicer to order an additional or updated Appraisal (referred to in the Model PSA
as a “second Appraisal”) at any time with respect to the Mortgage Loan, within the timeframes and subject to the conditions
set forth in the Servicing Agreement. Any such additional or updated Appraisal shall be at the expense of the requesting Noteholder
and the Special Servicer shall determine whether to obtain or accept such additional or updated Appraisal in accordance with the
Servicing Agreement and Special Servicer shall determine whether to re-calculate any applicable Appraisal Reduction Amount in
accordance with the Servicing Agreement.

 

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

 

(k)  
If an Event of Default under the Mortgage Loan has occurred and is continuing, the Special Servicer may, in accordance
with the terms and provisions of the Servicing Agreement and subject to the Servicing Standard, elect to sell (1) the Mortgage
Loan, subject to the consent right of the Controlling Noteholder (or its Controlling Noteholder Representative), in which case
such sale would include each of the Senior Notes, Note A2 and Note B as determined by the Special Servicer in accordance with
the Servicing Standard (taking into account the subordinate nature of the Subordinate Notes) or (2) subject to the rights of the
Subordinate Noteholders to purchase the Senior Notes as set forth in Section 12, the Senior Notes together, in which case
of this clause (2) the Special Servicer shall provide notice to the applicable Non-Lead Master Servicer who shall provide notice
to the related Non-Controlling Noteholder of the planned sale and of such Non-Controlling Noteholder’s opportunity to submit
an offer on the Mortgage Loan.

 

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

 

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

 

Section
6.            Appointment
of Controlling Noteholder Representative.

 

(a)   
The Controlling Noteholder shall have the right at any time to appoint a controlling noteholder representative to exercise
its rights hereunder (the “Controlling Noteholder Representative”). The Controlling Noteholder shall have the
right in its sole discretion at any time and from time to time to remove and replace the Controlling Noteholder Representative.
When exercising its various rights under Section 5 and elsewhere in this Agreement, the Controlling Noteholder may, at
its option, in each case, act through the Controlling Noteholder Representative. The Controlling Noteholder Representative may
be any Person (other than the Mortgage Loan Borrower, its principal or any Affiliate of the Mortgage Loan Borrower), 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

 

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Noteholder
has notified the Lead Securitization Noteholder (and any Servicer) of such appointment and, if the Controlling Noteholder Representative
is not the same Person as the Controlling Noteholder, the Controlling Noteholder Representative provides the Lead Securitization
Noteholder (and any Servicer) with written confirmation of its acceptance of such appointment, an address, any fax number and
any email address for the delivery of notices and other correspondence and a list of officers or employees of such person with
whom the parties to this Agreement may deal (including their names, titles, work addresses, telephone numbers, any fax numbers
and any email addresses). The Controlling Noteholder shall promptly deliver such information to any Servicer. None of the Servicers,
Operating Advisor and Trustee shall be required to recognize any person as a Controlling Noteholder Representative until they
receive such information from the Controlling Noteholder. The Controlling Noteholder agrees to inform each such Servicer or Trustee
of the then-current Controlling Noteholder Representative.

 

(b)  
Neither the Controlling Noteholder Representative nor the Controlling Noteholder will have any liability to any other Noteholder
or any other Person for any action taken, or for refraining from the taking of any action pursuant to this Agreement or the Servicing
Agreement, or for errors in judgment, absent any loss, liability or expense incurred by reason of its willful misfeasance, bad
faith or gross negligence. The Noteholders agree that the Controlling Noteholder Representative and the Controlling Noteholder
may take or refrain from taking actions that favor the interests of one Noteholder over any other Noteholder, and that the Controlling
Noteholder Representative may have special relationships and interests that conflict with the interests of a Noteholder and, absent
willful misfeasance, bad faith or gross negligence on the part of the Controlling Noteholder Representative or such Controlling
Noteholder, as the case may be, agree to take no action against the Controlling Noteholder Representative, such Controlling Noteholder
or any of their respective officers, directors, employees, principals or agents as a result of such special relationships or interests,
and that neither the Controlling Noteholder Representative nor such Controlling Noteholder will be deemed to have been grossly
negligent or reckless, or to have acted in bad faith or engaged in willful misfeasance or to have recklessly disregarded any exercise
of its rights by reason of its having acted or refrained from acting solely in the interests of any Noteholder.

 

(c)   
If the Lead Securitization Noteholder is the Controlling Noteholder, each of the other Senior Noteholders, the Note A2
Holder and 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

 

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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; (B) the initial or 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.
Prior to the Lead Securitization Date, if the Mortgage Loan becomes a Specially Serviced Mortgage Loan, and if not later than
thirty (30) days after the Mortgage Loan becomes a Specially Serviced Mortgage Loan the Controlling Noteholder (or its Controlling
Noteholder Representative) elects to replace the Special Servicer, then each Noteholder agrees that no liquidation fees or workout
fees shall be payable to the Special Servicer being replaced, unless such Special Servicer shall have either successfully completed
a workout or a liquidation, in which case such fees shall be payable as provided herein. The Lead Securitization Noteholder will
reasonably cooperate with the Controlling Noteholder in order to satisfy the foregoing conditions, including the Rating Agency
Confirmation.

 

The
Controlling Noteholder agrees and acknowledges that the Lead Securitization Servicing Agreement may contain provisions such that
any Special Servicer could be terminated under the Lead Securitization Servicing Agreement based on a recommendation by the Operating
Advisor if (A) the Operating Advisor determines, in its sole discretion exercised in good faith, that (1) the Special Servicer
is not performing its duties as required under the Servicing Agreement or is otherwise not acting in accordance 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 Serviced Whole Loan Collection Account established
pursuant to the Servicing Agreement. The Lead Securitization Noteholder (or the Lead Master Servicer on its behalf) shall establish
a segregated sub-account for amounts due to each Noteholder. The Lead Securitization Noteholder (or the Lead 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 Lead Master Servicer’s acting on its behalf) receipt of properly identified and available funds
from or on behalf of the Mortgage Loan Borrower; and provided, further, that in

 

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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 Serviced Whole Loan Collection 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 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

 

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losses
actually suffered due to the gross negligence, willful misconduct or breach of this Agreement on the part of such Noteholder.

 

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

 

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

 

Section
11.          Cure Rights of Subordinate
Noteholders.

 

(a)   
Subject to Section 11(b) below, in the event that the Mortgage Loan Borrower fails to make any payment of principal
or interest on the Mortgage Loan by the end of the applicable grace period (the “Grace Period”) for such payment
permitted under the applicable Mortgage Loan Documents (a “Monetary Default”), the Lead Securitization Noteholder
shall

 

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provide
written notice to each Subordinate Noteholder and the Controlling Noteholder Representative of such default (the “Monetary
Default Notice”). The Note A2 Holder and 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 in boldface font that the Subordinate Noteholder’s
or the Controlling Noteholder Representative’s failure to cure such Monetary Default within seven (7) Business Days after
receiving such notice will result in the termination of the right to cure such Monetary Default. At the time a payment is made
by a Subordinate Noteholder to cure a Monetary Default, such Subordinate Noteholder shall pay or reimburse the Senior Noteholders
for all unreimbursed Advances (whether or not recoverable with respect to any Note), Advance Interest Amounts, and unpaid fees
to any Servicer and any Additional Servicing Expenses. No Subordinate Noteholder shall be required, in order to effect a cure
hereunder, to pay any default interest or late charges under the Mortgage Loan Documents. So long as a Monetary Default exists
for which a cure payment permitted hereunder is made, such Monetary Default shall not be treated as an Event of Default by the
Lead Securitization Noteholder (including for purposes of (i) the definition of “Sequential Pay Event,” (ii)
accelerating the Mortgage Loan, modifying, amending or waiving any provisions of the Mortgage Loan Documents or commencing proceedings
for foreclosure or the taking of title by deed-in-lieu of foreclosure or other similar legal proceedings with respect to the Mortgaged
Property; or (iii) treating the Mortgage Loan as a Specially Serviced 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, the Subordinate Noteholders’ right to cure
under Section 11 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 and, in
the case of Additional Cure Periods requested by the Note B Holder, the Note A2 Holder’s consent will also be required.

 

(c)   
No action taken by a Subordinate Noteholder in accordance with this Agreement shall excuse performance by the Mortgage
Loan Borrower of its obligations under the Mortgage Loan Documents and the Senior Noteholders’ respective rights under the
Mortgage Loan Documents shall not be waived or prejudiced by virtue of any Subordinate Noteholder’s actions under this Agreement.
Subject to the terms of this Agreement, each Subordinate Noteholder shall be subrogated to the Senior Noteholders’ respective
rights to any payment owing to such Senior Noteholders for which such Subordinate Noteholder makes a cure payment as permitted
under this Section 11, and the Note B Holder shall be subrogated to the Note A2 Holder’s rights to any payment owing
to such Note A2 Holder for with the Note B Holder makes a cure payment as permitted under this Section 11, but in either
case such subrogation rights may not be exercised against the Mortgage Loan Borrower until ninety-one (91) days after the Note
is paid in full.

 

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(d)  
If an Event of Default (other than a Monetary Default) occurs and is continuing under the Mortgage Loan Documents (a “Non-Monetary
Default”), the Lead Securitization Noteholder shall provide notice of such Non-Monetary Default to each Subordinate
Noteholder and the Controlling Noteholder Representative of such Non-Monetary Default (the “Non-Monetary Default Notice”)
and the Note A2 Holder 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 such Subordinate Noteholder of the Non-Monetary Default Notice, and (b) the date which
is thirty (30) days from the date of receipt by such Subordinate Noteholder 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 a Subordinate Noteholder,
such Subordinate Noteholder (unless a Control Appraisal Period has occurred and is continuing with respect to such Subordinate
Noteholder) shall be given an additional period of time as is reasonably necessary to enable such Subordinate Noteholder in the
exercise of due diligence to cure such Non-Monetary Default for so long as (i) such Subordinate Noteholder diligently and expeditiously
proceed to cure such Non-Monetary Default, (ii) such Subordinate Noteholder makes all cure payments that they are permitted to
make in accordance with the terms and provisions of Section 11(a) hereof, (iii) such additional period of time does not
exceed ninety (90) days, (iv) such Non-Monetary Default is not caused by an Insolvency Proceeding or during such period of time
that the Note A2 Holder or Note B Holder have to cure a Non-Monetary Default in accordance with this Section 11(d) (the
“Non-Monetary Default Cure Period”), an Insolvency Proceeding does not occur, and (v) during such Non-Monetary
Default Cure Period, there is no material adverse effect on the value, use or operation of the Mortgaged Property taken as whole,
which cannot be cured by the applicable Subordinate Noteholder within five (5) days of such notice of such material adverse effect.
The Non-Monetary Default Notice shall contain a statement that the Subordinate Noteholders’ or the Controlling Noteholder
Representative’s failure to cure such Non-Monetary Default within the applicable Non-Monetary Default Cure Period after
receiving such notice will result in the termination of the right to cure such Non-Monetary Default. No Subordinate Noteholder
shall contact the Mortgage Loan Borrower in order to effect any cures under Section 11(a) or this Section 11(d)
without the prior written consent of the Lead Securitization Noteholder (or the Servicer on its behalf), such consent not to be
unreasonably withheld, conditioned or delayed.

 

(e)   
In the event that both the Note A2 Holder and the Note B Holder deliver a notice of exercise of cure rights, the Note B
Holder shall have the right to effectuate the related cure and the right of the Note A2 Holder to cure shall be suspended and
any cure payments remitted by the Note A2 Holder shall be returned to the Note A2 Holder. In the case of a Non-Monetary Default,
if the Note B Holder does not consummate such cure, notice of which failure the Lead Securitization Noteholder shall promptly
communicate (or cause a Servicing Party to communicate) such fact to the Note A2 Holder, then, in the case of a failure by the
Note B Holder in circumstances in which the Note A2 Holder delivered a notice of exercise, the Note A2 Holder shall have the right
to effectuate such cure within the time period for a cure specified above.

 

Section
12.         Purchase By Subordinate Noteholder.
Each of the Note A2 Holder and the Note B Noteholder shall have the right, by written notice to (x) the Senior Noteholders and
(y) if the purchasing Noteholder is the Note B Holder, the Note A2 Holder (a “Noteholder Purchase 

 

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Notice”;
the sender(s) of such notice, the “Purchasing Noteholder”; and each recipient of such notice, a “Selling
Noteholder”), delivered at any time an Event of Default under the Mortgage Loan or a Servicing Transfer Event has occurred
and is continuing, to purchase, in immediately available funds, (i) if the Purchasing Noteholder is the Note A2 Holder, the Senior
Notes, and (ii) if the Purchasing Noteholder is the Note B Holder, the Senior Notes and Note A2 (each 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 a Subordinate Noteholder elects to send a Noteholder Purchase Notice pursuant to this Section
12, it must purchase the applicable Purchased Note(s). Upon the delivery of the Noteholder Purchase Notice to the Selling
Noteholder(s), the Selling Noteholder shall sell (and the Purchasing Noteholder shall purchase) the Purchased Note(s) at the applicable
Defaulted Mortgage Loan Purchase Price, on a date (the “Defaulted Note Purchase Date”) not less than ten (10)
days and not more than sixty (60) days after the date of the Noteholder Purchase Notice, as shall be mutually established by the
Purchasing Noteholder and the Selling Noteholder(s). The Noteholder Purchase Notice shall contain a statement that the Purchasing
Noteholder’s failure to purchase the Purchased Note(s) on a Defaulted Note Purchase Date (other than as a result of any
failure to consummate such purchase on the part of the Selling Noteholder or as a result of the conditions giving rise to such
purchase ceasing to exist) will result in the termination of such right in respect of the Event of Default that caused such purchase
right to be exercisable and not in respect of any other Event of Default. Each Subordinate Noteholder agrees that the sale of
any Purchased Notes to it shall comply with all requirements of the Servicing Agreement and that all actual costs and expenses
related thereto shall be paid by the applicable Purchasing Noteholder. The Defaulted Mortgage Loan Purchase Price shall be calculated
by the Selling Noteholder(s) (or the Servicer on its or their behalf) three (3) Business Days prior to the Defaulted Note Purchase
Date (and such calculation shall be accompanied by a listing of all amounts included in the Defaulted Mortgage Loan Purchase Price
and reasonably detailed back-up documentation explaining how such price was determined), and shall, absent manifest error, be
binding upon the Purchasing Noteholder. Concurrently with the payment to the Selling Noteholder(s) in immediately available funds
of the Defaulted Mortgage Loan Purchase Price, the Selling Noteholder(s) shall execute at the sole cost and expense of the Purchasing
Noteholder in favor of the Purchasing Noteholder assignment documentation which will assign the Purchased Note(s) and the Mortgage
Loan Documents without recourse, representations or warranties (except each Selling Noteholder will represent and warrant that
it had good and marketable title to, was the sole owner and holder of, and had power and authority to deliver its Note and all
of its right, title and interest in and to the Mortgage Loan Documents free and clear of all liens and encumbrances (other than
the interest created by the Note(s) that are not the Purchased Note(s))). The right of the Note A2 Holder or 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 Subordinate Noteholders ten (10) Business Days’ prior written notice of its intent with respect
to such action (which such action shall be subject to Section 5 hereof)). Notwithstanding the foregoing sentence, if title
to the Mortgaged Property is transferred to the Lead Securitization Noteholder (or a designee on its behalf), in a manner commonly
known as “the borrower turning over the keys” and not otherwise in connection with a consummation by the Lead Securitization
Noteholder of a foreclosure sale or sale by power of sale, less than ten (10) Business Days after the acceleration of the
Mortgage Loan, the Lead Securitization Noteholder shall notify each Subordinate Noteholder

 

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of
such transfer and the Note A2 Holder and 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
(and, if the Note B Holder is delivering such Noteholder Purchase Notice, to the Note A2 Holder), in which case such Subordinate
Noteholder shall be obligated to purchase the Mortgaged Property, in immediately available funds, within such fifteen (15)
Business Day period at the applicable Defaulted Mortgage Loan Purchase Price.

 

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

 

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

 

Each
Subordinate Noteholder expressly and irrevocably waives for itself and any Person claiming through or under such Subordinate Noteholder
any and all rights that it may have under Section 1315 of the New York Real Property Actions and Proceedings Law or the provisions

 

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

 

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

 

Section
15.         Independent Analysis of each
Subordinate Noteholder. Each Subordinate Noteholder acknowledges that it has, independently and without reliance upon the
Initial Note A1-A Holder or the Initial Note A1-B Holder, except with respect to the representations and warranties provided by
the Initial Note A1-A Holder and the Initial Note A1-B Holder herein and in any documents or instruments executed and delivered
by the Initial Note A1-A Holder and the Initial Note A1-B Holder in connection herewith (including the representations and warranties
provided in the agreement pursuant to which it acquired its Subordinate Note), and based on such documents and information as
it has deemed appropriate, made its own credit analysis and decision to purchase such Subordinate Note and such Subordinate Noteholder
accepts responsibility therefor. Each Subordinate Noteholder hereby acknowledges that, other than the representations and warranties
provided herein and in such other documents or instruments, no Senior Noteholder has made any representations or warranties with
respect to the Mortgage Loan, subject to such representations and warranties as provided by such Senior Noteholder herein and
in such other documents and instruments, and that no Senior Noteholder shall have any responsibility for (i) the collectibility
of the Mortgage Loan, (ii) the validity, enforceability or legal effect of any of the Mortgage Loan Documents or the title insurance
policy or policies or any survey furnished or to be furnished to such Senior Noteholder in connection with the origination of
the Mortgage Loan, (iii) the validity, sufficiency or effectiveness of the lien created or to be created by the Mortgage Loan
Documents, or (iv) the financial condition of the Mortgage Loan Borrower. Each Subordinate Noteholder assumes all risk of loss
in connection with its Note except as specifically set forth herein.

 

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

 

Section
17.          Not a Security. No
Note shall be deemed to be a security within the meaning of the Securities Act 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 preferrred equity (each,
a “Mortgage Loan Borrower Related Party”), and receive payments on such other loans or extensions of credit
to Mortgage Loan Borrower Related Parties and otherwise act with respect thereto freely and without accountability in the same
manner as if this Agreement and the transactions contemplated hereby were not in effect.

 

Section
19.          Sale of the Notes.

 

(a)    Each
Subordinate Noteholder agrees that it will not Transfer all or any portion of its Note except in accordance with this Section
19. Each Subordinate Noteholder shall have the right, without the need to obtain the consent of any Senior Noteholder or any
other Person, to Transfer 49% or less (in the aggregate) of its interest in its Note to any Person, provided that any such Transfer
shall be made in accordance with the terms of this Section 19. Each Subordinate Noteholder shall have the right to
Transfer its entire Note or any portion thereof exceeding 49%, (i) to a Qualified Institutional Lender, provided, that promptly
after the Transfer the Senior Noteholders (and, in the case of a Transfer of Note B, the Note A2 Holder) is provided with (x)
a representation from a transferee or such Subordinate Noteholder certifying that such transferee is a Qualified Institutional
Lender, and (y) a copy of the assignment and assumption agreement referred to in Section 20 and provided further, that
such transfer would not cause such Note to be held by more than four persons nor cause there to be no one person owning a majority
of such Note and (ii) to an entity that is not a Qualified Institutional Lender, provided that with respect to this clause (ii),
such Subordinate Noteholder obtains (1) prior to the Lead Securitization Date, the consent of the Note A1-A Holder or the Note
A1-B Holder and, with respect to a transfer of Note B, the Note A2 Holder, each such consent not to be unreasonably withheld,
conditioned or delayed, and (2) after the Lead Securitization Date, Rating Agency Confirmation (and for avoidance of

 

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doubt,
no consent of the Note A1-A Holder or the Note A1-B Holder, or, with respect to a transfer of Note B, the Note A2 Holder shall
be required after the closing of the Lead Securitization); provided that in each of case (1) and (2), (x) promptly after
the Transfer the Senior Noteholders are each provided with a copy of the assignment and assumption agreement referred to in Section
20 and (y) such transfer would not cause the subject Note to be held by more than seven persons; and provided further,
however, that in the case of each of clause (i) and (ii), 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 A2 Principal Balance or the Note B Principal Balance, as applicable, shall
immediately appoint a representative to exercise all rights of such Subordinate Noteholder hereunder. Notwithstanding the foregoing,
no Subordinate Noteholder shall Transfer all or any portion of its Note to the Mortgage Loan Borrower or a Mortgage Loan Borrower
Related Party and any such Transfer shall be absolutely null and void and shall vest no rights in the purported transferee without
the prior consent of the Senior Noteholders and the other Subordinate Noteholders, each of which consent may be withheld in such
holders’ sole and absolute discretion. Each Subordinate Noteholder agrees it will pay the expenses of the Lead Securitization
Noteholder (including all expenses of the Master Servicer and the Special Servicer) and each other Senior Noteholder (including
all expenses of the applicable Non-Lead Master Servicer and the applicable Non-Lead Special Servicer) in connection with any such
Transfer.

 

(b)  
All Transfers under Section 19(a) shall be made upon written notice to the Senior Noteholders not later than the
date of such Transfer (and, in the case of a Transfer of Note B, upon not less than two (2) Business Days’ prior written
notice to the Note A2 Holder, unless the Transfer is to an Affiliate of the Note B Holder, in which case written notice need only
be given not later than the date of such Transfer), and each transferee shall (i) execute an assignment and assumption agreement
whereby such transferee assumes all or a ratable portion, as the case may be, of the obligations of the applicable Subordinate
Noteholder hereunder with respect to its Note from and after the date of such assignment (or, in the case, of a pledge, collateral
assignment or other encumbrance made in accordance with Section 19(e) by such Subordinate Noteholder of its Note solely
as security for a loan to such Subordinate Noteholder made by a third-party lender whereby such Subordinate Noteholder remains
fully liable under this Agreement, on or before the date on which such third-party lender succeeds to the rights of such Subordinate
Noteholder by foreclosure or otherwise, such third-party lender executes an agreement that such lender shall be bound by the terms
and provisions of this Agreement and the obligations of such Subordinate Noteholder hereunder) and (ii) agree in writing
to be bound by the Servicing Agreement, unless the Servicing Agreement is not then in effect with respect to the Mortgage Loan,
in which event the parties will enter into or agree to be bound by any replacement servicing agreement therefor in accordance
with the provisions hereof. Upon the consummation of a Transfer of all or any portion of a Subordinate Note in accordance with
this Agreement, the transferring Person shall be released from all liability arising under this Agreement with respect to such
Subordinate Note (or the portion thereof that was the subject of such Transfer), for the period after the effective date of such
Transfer (it being understood and agreed that the foregoing release shall not apply in the case of a sale, assignment, transfer
or other disposition of a participation interest in the subject Subordinate Note as described in clause (c) below). In connection
with any such permitted transfer of a portion of a Subordinate Note and for all purposes of this Agreement, a Senior Noteholder
need only

 

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recognize
the majority holder of such Subordinate Note for purposes of notices, consents and other communications between the applicable
Senior Noteholder, and such majority holder of the subject Subordinate Note shall be the only Person authorized hereunder to exercise
any rights of such Subordinate Noteholder under this Agreement; provided, however, the majority holder of the subject
Subordinate Note may from time to time designate any other Person as an additional party entitled to receive notices, consents
and other communications and/or to exercise rights on behalf of such Subordinate Noteholder hereunder by delivering written notice
thereof to the Senior Noteholders, and, from and after delivery of such notice, such designee shall be so authorized hereunder
and shall be the only party entitled to receive such notices, consents and such other communications and/or to exercise such rights.

 

(c)  
In the case of any sale, assignment, transfer or other disposition of a participation interest in a Note, (i) such
Noteholder’s obligations under this Agreement shall remain unchanged, (ii) such Noteholder shall remain solely responsible
for the performance of such obligations, (iii) the other Noteholders and any Persons acting on their behalf shall continue
to deal solely and directly with such Noteholder in connection with such Noteholder’s rights and obligations under this
Agreement and the Servicing Agreement, and (iv) all amounts payable hereunder shall be determined as if such Noteholder had not
sold such participation interest; provided, however, that if the applicable participant is a Qualified Institutional
Lender (and delivers to the other Noteholders a certification from an authorized officer confirming its status as a Qualified
Institutional Lender), such Noteholder, by written notice to the other Noteholders, may delegate to such participant such Noteholder’s
right to exercise the rights of the Controlling Noteholder hereunder and under the Servicing Agreement; provided, further,
however, that upon the occurrence of a Note A2 Control Appraisal Period or a Note B Control Appraisal Period, the aforesaid
delegation of rights shall terminate and be of no further force and effect with respect to Note A2 (in the case of a Note A2 Control
Appraisal Period) or Note B (in the case of a Note B Control Appraisal Period).

 

(d)  
Each Senior Noteholder 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 the Mortgage Loan Borrower or any Mortgage Loan Borrower
Related Party and (ii) after an Event of Default, to any party, including the Mortgage Loan Borrower and any Mortgage Loan Borrower
Related Party; provided, however, that following any Event of Default under the Mortgage Loan, a Senior Noteholder
may only transfer all or any portion of its Note to the Mortgage Loan Borrower or any Mortgage Loan Borrower Related Party with
the prior written consent of the Controlling Noteholder at any time when such Senior Noteholder is not the Controlling Noteholder;
provided further, however, that following any Transfer of a Senior Note, the Mortgage Loan continues to be serviced
in its entirety pursuant to the Servicing Agreement by a Servicer unaffiliated with Mortgage Loan Borrower. For the avoidance
of doubt, subject to Section 12, no Noteholder or the Servicer shall have any right to Transfer or cause the Transfer of
any other Note.

 

(e)    Notwithstanding
any other provision hereof, any Noteholder may pledge (a “Pledge”) its Note to any entity (other than the Mortgage
Loan Borrower or any Affiliate thereof) which has extended a credit or repurchase facility to such Noteholder and that is either
a Qualified Institutional Lender or a financial institution whose long-term unsecured debt is rated at least “A” (or
the equivalent) or better by each Rating Agency (a “Note Pledgee”), on terms and conditions

 

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set
forth in this Section 19(e), it being further agreed that a financing provided by a Note Pledgee to a Noteholder or
any person which Controls such Noteholder that is secured by such Noteholder’s interest in the applicable Note and is structured
as a repurchase arrangement, shall qualify as a “Pledge” hereunder, provided that a Note Pledgee which is not
a Qualified Institutional Lender may not take title to the pledged Note without (a) prior to the first Securitization of any Note,
the consent of each other Noteholder and (b) after the closing of the first Securitization of any Note, Rating Agency Confirmation.
Upon written notice by the applicable Noteholder to each other Noteholder and any Servicer that a Pledge has been effected (including
the name and address of the applicable Note Pledgee), each other Noteholder agrees to acknowledge receipt of such notice and thereafter
agrees: (i) to give Note Pledgee written notice of any default by the pledging Noteholder in respect of its obligations under
this Agreement of which default such Noteholder has actual knowledge; (ii) to allow such Note Pledgee a period of ten (10)
Business Days to cure a default by the pledging Noteholder in respect of its obligations to each other Noteholder hereunder, but
such Note Pledgee shall not be obligated to cure any such default; (iii) that no amendment, modification, waiver or termination
of this Agreement shall be effective against such Note Pledgee without the written consent of such Note Pledgee, which consent
shall not be unreasonably withheld, conditioned or delayed; (iv) that such other Noteholder shall give to such Note Pledgee
copies of any notice of default under this Agreement simultaneously with the giving of same to the pledging Noteholder and accept
any cure thereof by such Note Pledgee which such pledging Noteholder has the right (but not the obligation) to effect hereunder,
as if such cure were made by such pledging Noteholder; (v) that such other Noteholder shall deliver to Note Pledgee such
estoppel certificate(s) as Note Pledgee shall reasonably request, provided that any such certificate(s) shall be in a form
reasonably satisfactory to such other Noteholder; and (vi) that, upon written notice (a “Redirection Notice”)
to each other Noteholder and any Servicer by such Note Pledgee that the pledging Noteholder is in default, beyond any applicable
cure periods, under the pledging Noteholder’s obligations to such Note Pledgee pursuant to the applicable credit agreement
between the pledging Noteholder and such Note Pledgee (which notice need not be joined in or confirmed by the pledging Noteholder),
and until such Redirection Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee shall be entitled to receive any
payments that any Noteholder or Servicer would otherwise be obligated to pay to the pledging Noteholder from time to time pursuant
to this Agreement or any Servicing Agreement. Any pledging Noteholder hereby unconditionally and absolutely releases each other
Noteholder and any Servicer from any liability to the pledging Noteholder on account of any Noteholder’s or Servicer’s
compliance with any Redirection Notice believed by any Servicer or any such other Noteholder to have been delivered by a Note
Pledgee. Note Pledgee shall be permitted to exercise fully its rights and remedies against the pledging Noteholder to such Note
Pledgee (and accept an assignment in lieu of foreclosure as to such collateral), in accordance with applicable law and this Agreement.
In such event, the Noteholders and any Servicer shall recognize such Note Pledgee (and any transferee other than the Mortgage
Loan Borrower or any Affiliate thereof which is also a Qualified Institutional Lender at any foreclosure or similar sale held
by such Note Pledgee or any transfer in lieu of foreclosure), and its successor and assigns, as the successor to the pledging
Noteholder’s rights, remedies and obligations under this Agreement, and any such Note Pledgee or Qualified Institutional
Lender shall assume in writing the obligations of the pledging Noteholder hereunder accruing from and after such Transfer (i.e.,
realization upon the collateral by such Note Pledgee) and agrees to be bound by the terms and provisions of this Agreement. The
rights of a Note Pledgee under this Section 19(e) shall remain effective as to any Noteholder (and any

 

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Servicer)
unless and until such Note Pledgee shall have notified any such Noteholder (and any Servicer, as applicable) in writing that its
interest in the pledged Note has terminated.

 

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

 

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

 

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

 

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

 

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

 

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

 

Section
20.         Registration of Transfer.
In connection with any Transfer of a Note (but excluding (x) any participant and (y) any Pledgee unless and until it realizes
on its Pledge), a transferee shall execute an assignment and assumption agreement whereby such transferee assumes all of the obligations
of the applicable Noteholder hereunder with respect to such Note thereafter accruing and agrees to be bound by the terms of this
Agreement, including the restriction on Transfers set forth in Section 19, from and after the date of such assignment.
Notwithstanding the preceding sentence, a Trustee shall not be required to execute an assignment and assumption agreement in connection
with any Transfer of a Note if the obligations are assumed pursuant to the Servicing Agreement. In connection with a Transfer
of a Note, the Noteholder transferring its interests hereunder shall cause the applicable transfer to be registered on the Note
Register, and the Agent shall not recognize any attempted or purported transfer of any Note in violation of the provisions of
Section 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

 

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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 Certificate Administrator shall automatically become and be the Agent.

 

Section
21.         Registration of the Notes.
The Agent shall keep or cause to be kept at the Agent Office books (the “Note Register”) for the registration
and transfer of the Notes. The Agent shall serve as the initial Note registrar and the Agent hereby accepts such appointment.
The names and addresses of the holders of the Notes and the names and addresses of any transferee of any Note of which the Agent
has received notice, in the form of a copy of the assignment and assumption agreement referred to in Section 20, and the
principal amounts (and stated interest) of the Note owing to each such Noteholder, shall be registered in the Note Register. The
Person in whose name a Note is so registered shall be deemed and treated as the sole owner and holder thereof for all purposes
of this Agreement, except in the case of the Initial Noteholders who may hold their Notes through a nominee. Upon request of a
Noteholder, the Agent shall provide such party with the names and addresses of the Noteholders. To the extent another party is
appointed as Agent hereunder, the Noteholders hereby designate such person as its agent under this Section 21 solely for
purposes of maintaining the Note Register. The parties intend for the Mortgage Loan to be in registered form for federal income
tax purposes under Section 5.103-1(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, no Non-Lead Noteholder shall have any interest in any property taken as security
for the Mortgage Loan, provided, however, that if any such property or the proceeds of any sale, lease or other
disposition thereof shall be received, then each Non-Lead Noteholder shall be entitled to receive its share of such application
in accordance with the terms of this Agreement and/or the Servicing Agreement.

 

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

 

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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.

 

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.

 

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

 

(b)  
Each Subordinate Noteholder shall and hereby agrees to indemnify the Lead Securitization Noteholder against and hold the
Lead Securitization Noteholder harmless from and against any Taxes, interest, penalties and reasonable attorneys’ fees,
expenses and disbursements arising or resulting from any failure of the Lead Securitization Noteholder (or the Servicer on its
behalf) to withhold Taxes from payment made to such Subordinate Noteholder in reliance upon any representation, certificate, statement,
document or instrument made or provided by such Subordinate Noteholder to the Lead Securitization Noteholder in connection with
the obligation of the Lead Securitization Noteholder to withhold Taxes from payments made to such Subordinate Noteholder, it being
expressly understood and agreed that 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

 

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any
obligation or responsibility to investigate or to make any inquiries with respect to the accuracy, veracity, correctness or validity
of the same.

 

(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, each Subordinate Noteholder shall deliver to the Lead Securitization
Noteholder or Servicer, as applicable, evidence satisfactory to the Lead Securitization Noteholder substantiating whether such
Subordinate Noteholder 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 such Subordinate Noteholder is not a Non-Exempt Person. Without limiting the effect of the foregoing, (i) if a Subordinate
Noteholder (or, if such Subordinate Noteholder is disregarded for U.S. federal income tax purposes, the owner of such Subordinate
Noteholder) is created or organized under the laws of the United States, any state thereof or the District of Columbia, it shall
satisfy the requirements of the preceding sentence by furnishing to the Lead Securitization Noteholder an Internal Revenue Service
Form W-9 and (ii) if a Subordinate Noteholder (or, if such Subordinate Noteholder is disregarded for U.S. federal income tax purposes,
the owner of such Subordinate Noteholder) is not created or organized under the laws of the United States, any state thereof or
the District of Columbia, and if the payment of interest or other amounts by the Mortgage Loan Borrower is treated for United
States income tax purposes as derived in whole or part from sources within the United States, such Subordinate Noteholder shall
satisfy the requirements of the preceding sentence by furnishing to the Lead Securitization Noteholder Internal Revenue Service
Form W-8ECI, Form W-8IMY (with appropriate attachments), Form W-8BEN or Form W-8BEN-E, or applicable successor forms, as may be
required from time to time, duly executed by such Subordinate Noteholder; provided that such Subordinate Noteholder, without
request, shall deliver a new, appropriately completed Form W-8 if the Subordinate Noteholder’s current Form W-8 “expires”
or if there is a “change in circumstances” that makes any of the information on the current Form W-8 incorrect (both
within the meaning of the instructions to such Form W-8). The Lead Securitization Noteholder shall not be obligated to make any
payment hereunder to the Note A2 Holder or the Note B Holder in respect of Note A2 or Note B, as applicable, or otherwise until
such Note A2 Holder or 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

 

    68 

    

    

 

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 mail, postage prepaid
return receipt requested, and addressed to the respective parties at their addresses set forth on Exhibit B hereto, or
at such other address as any party shall hereafter inform the other party by written notice given as aforesaid. All written notices
so given shall be deemed effective upon receipt.

 

All
notices and reports (including, without limitation, Asset Status Reports) required to be delivered hereunder by the Lead Securitization
Noteholder (or any Servicer on its behalf) to the Controlling Noteholder (or its Controlling Noteholder Representative), or by
the Controlling Noteholder (or its Controlling Noteholder Representative) to the Lead Securitization Noteholder as a Non-Controlling
Noteholder (or any Servicer on its behalf), shall also be delivered by the applicable party to each other Noteholder (including
to the Note A2 Holder and the Note B Holder regardless of whether a Note A2 Control Appraisal Period or a Note B 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;

 

(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

 

    69 

    

    

 

(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 A1-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. CREFI, as Initial Agent, may transfer its rights
and obligations to a Servicer, as successor Agent, at any time without the consent of any Noteholder. CREFI, 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. Each Noteholder
agrees, subject to clause (iii)(y) below, that if a Senior Noteholder determines that it is advantageous to resize its Note (or
if the Senior Noteholders and the Note A2 Holder, acting unanimously, determine that it is advantageous to resize the Senior Notes
and Note A2) by causing the Mortgage Loan Borrower to execute amended and restated notes (“New Notes”) (which
must be pari passu in the event of a resizing of a Senior Note, but shall be senior and subordinate in the event of a resizing
of the Senior Notes and Note A2) reallocating the principal of such Note(s) to such New Notes, each Noteholder other than the
resizing Noteholder shall cooperate with the resizing Noteholder to effect such resizing at such resizing Noteholder’s expense;
provided that (i) the aggregate principal balance of all outstanding New Notes following the creation thereof is no greater
than the principal balance of such Note or Notes immediately prior to the creation of the New Notes, (ii) the weighted average
interest rate of all outstanding New Notes following the creation thereof is the same as the interest rate of the related Note
or Notes immediately prior to the creation of the New Notes, and (iii) no such resizing shall (x) change the interest
allocable to, or the amount of any payments due to, any other Noteholder, or priority of such payments, or (y) increase any
other Noteholder’s obligations or decrease any other Noteholder’s rights, remedies or protections. In connection with
any resizing of a Senior Note, the related Noteholder may allocate its rights hereunder among the New Notes in any manner in its
sole discretion. Any cap on a Senior Noteholder’s obligation to pay other Noteholder’s expenses pursuant to Section
40 of this Agreement shall not apply to any other Noteholder’s expenses in connection with a resizing pursuant to this
Section 38 or any Securitization of a resized Senior Note.

 

    70 

    

    

 

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 a Senior Note, at the request of the related Noteholder, each other Noteholder shall use
commercially reasonable efforts, at the requesting Noteholder’s expense, to satisfy, and to cooperate with the requesting
Noteholder in attempting to cause the Mortgage Loan Borrower to satisfy, the market standards to which the requesting Noteholder
customarily adheres or which may be reasonably required in the marketplace or by the Rating Agencies in connection with the Securitization,
including, entering into (or consenting to, as applicable) any modifications to this Agreement or the Mortgage Loan Documents
and to cooperate with the requesting Noteholder in attempting to cause the Mortgage Loan Borrower to execute such modifications
to the Mortgage Loan Documents, in any such case, as may be reasonably requested by the Rating Agencies to effect the Securitization;
provided, however, that either in connection with the Securitization or otherwise at any time prior to the Securitization
no other Noteholder shall be required to modify or amend this Agreement or any Mortgage Loan Documents (or consent to such modification,
as applicable) in connection therewith, if such modification or amendment would (i) change the interest allocable to, or the amount
of any payments due to or priority of any payments to be made to, such Noteholder, (ii) increase such Noteholder’s obligations
or decrease such Noteholder’s rights, remedies or protections hereunder or under any Mortgage Loan Document, or (iii) otherwise
materially adversely affect the rights and interests of such Noteholder. In connection with any such Securitization of a Senior
Note, each other Noteholder agrees to provide for inclusion in any disclosure document relating to the related Securitization
such customary non-confidential information concerning such Noteholder as the requesting Noteholder reasonably determines to be
necessary to satisfy its disclosure obligations in connection with its Securitization. Each Noteholder covenants and agrees that
if it is not the requesting Noteholder, it shall use commercially reasonable efforts to cooperate with the requests of each Rating
Agency and the requesting Noteholder in connection with the preparation of any offering documents in connection with the Securitization,
and to review and respond reasonably promptly with respect to any information relating to it in any Securitization document, all
at the cost and expense of the requesting Noteholder. Each Noteholder acknowledges that the information provided by it to the
requesting Noteholder pursuant to this Section 40 may be incorporated into the offering documents for a Securitization.
A requesting Senior Noteholder and each Rating Agency shall be entitled to rely on the information supplied by each other Noteholder
pursuant to this Section 40.

 

(b)  
The Senior Noteholder 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

 

    71 

    

    

 

draft
thereof, the deadline provided to the general working group of the related Securitization for review and comment), and if such
other Noteholder fails to respond within such time, such other Noteholder shall be deemed to have elected to not comment thereon
(but no failure to comment shall constitute a waiver of such other Noteholder’s rights hereunder or under the Mortgage Loan
Documents). In the event of any disagreement between any such other Noteholder with respect to the preliminary and final offering
memoranda, prospectus, free writing prospectus or any other disclosure documents the requesting Noteholder’s determination
shall control (the parties acknowledging that no inaccuracy in such documents shall in any respect prejudice any such other Noteholder’s
rights hereunder or under the Mortgage Loan Documents). No such other Noteholder shall have any obligation or liability with respect
to any such offering documents other than the accuracy of any comments it elects to make regarding itself.

 

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

 

[SIGNATURE
PAGE FOLLOWS]

 

    72 

    

    

 

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 A1-A HOLDER AND INITIAL
                    NOTE A1-B HOLDERS:

	 	 	 
	 	CITI REAL ESTATE FUNDING INC.
	 	 	 
	 	By:	/s/ Ana Rosu Marmann
	 	 	Name: Ana Rosu Marmann
	 	 	Title:   Vice President

 

Co-Lender Agreement – Signature Pages

 

     

    

    

 

	 	INITIAL NOTE A1-B HOLDER:
	 	 	 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH
	 	 	 
	 	By:	/s/ Peter Castro
	 	 	Name: Peter Castro
	 	 	Title:   Director
	 	 	 
	 	By:	/s/ Jon Tilli
	 	 	Name: Jon Tilli
	 	 	Title:   Vice President
	 	 	 

[ SIGNATURES CONTINUE ON THE FOLLOWING PAGE ]

 

Co-Lender Agreement – Signature Page

 

     

    

    

 

	 	INITIAL NOTE A2 HOLDER:
	 	 	 
	 	KOOKMIN BANK, acting as trustee of
	 	SHBNPP GLOBAL PROFESSIONAL 

INVESTMENT TYPE PRIVATE
    REAL 

ESTATE INVESTMENT TRUST NO.14(H)
	 	 	 
	 	By:	/s/ Min-Jae Lee
	 	 	Name: Min-Jae Lee
	 	 	Title:   Senior Manager of Custody Business Dept.

 

[ SIGNATURES CONTINUE ON THE FOLLOW PAGE ]

 

Co-Lender Agreement - Signature Page

 

     

    

    

  

	 	INITIAL NOTE B HOLDER:
	 	 	 
	 	KOOKMIN BANK, acting as trustee for
	 	SHBNPP GLOBAL PROFESSIONAL

 INVESTMENT TYPE PRIVATE
    REAL

 ESTATE INVESTMENT TRUST NO.15(H)
	 	 	 
	 	By:	/s/ Min-Jae Lee
	 	 	Name: Min-Jae Lee
	 	 	Title:   Senior Manager of Custody Business Dept.

 

[ SIGNATURES CONTINUE ON THE FOLLOW PAGE ]

 

Co-Lender Agreement - Signature Page

 

     

    

    

  

EXHIBIT
A

MORTGAGE LOAN SCHEDULE

 

A.       Description
of Mortgage Loan:

 

	Mortgage
    Loan:	Loan
    Agreement, dated as of February 8, 2019 between 30-02 Associates LLC F/K/A 30-17 Associates LLC, as borrower and Citi Real
    Estate Funding Inc., and Deutsche Bank AG, New York Branch, as co-lenders
	Date
    of the Mortgage Loan:	February
    8, 2019
	Date
    of Note A1-A:	February
    13, 2019
	Date
    of Note A1-B:	February
    13, 2019
	Date
    of Note A2:	February
    13, 2019
	Date
    of Note B:	February
    13, 2019
	Initial
    Principal Amount of Mortgage Loan:	$187,000,000
	Location
    of Mortgaged Property:	30-02
    39th Avenue (f/k/a 30-17 40th Avenue), Long Island City, New York
	Stated
    Maturity Date:	March
    1, 2024

 

B.       Description
of Note Interests:

 

	Initial
    Note A1-A Principal Balance:	$57,000,000
	Initial
    Note A1-B Principal Balance:	$38,000,000
	Initial
    Note A2 Principal Balance:	$47,000,000
	Initial
    Note B Principal Balance:	$45,000,000
	Initial
    Note A1 Percentage Interest:	50.802139%
	Initial
    Note A2 Percentage Interest:	25.13369%

 

     

    

    

 

	Initial
    Note B Percentage Interest:	24.064171%
	Note
    A1 Rate:	4.13052%
	Note
    A2 Rate:	5.10%
	Note
    B Rate:	5.90%

 

     

    

    

 

EXHIBIT
B

 

Initial
Note A1-A Holder:

 

Citi
Real Estate Funding Inc.

390 Greenwich Street, 5th Floor

New York, New York 10013

Attention: Paul Vanderslice

Facsimile number: (212) 723-8599

 

with
copies to:

 

Citi
Real Estate Funding Inc.

390 Greenwich Street, 7th Floor

New York, New York 10013

Attention: Richard Simpson

Facsimile number: (646) 328-2943

 

with
an electronic copy emailed to: richard.simpson@citi.com

 

and

 

Citi
Real Estate Funding Inc.

388 Greenwich Street, 17th Floor

New York, New York 10013

Attention: Ryan M. O’Connor

Facsimile number: (646) 862-8988

 

with
an electronic copy emailed to: ryan.m.oconnor@citi.com

 

     

    

    

  

Initial
Note A1-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:

 

Alston
& Bird LLP

90 Park Avenue

New York, NY 10016

Attention: David Freedman

E-mail: david.freedman@alston.com

 

Initial
Note A2 Holder:

 

SHBNPP
Global Professional Investment Type Private Real Estate Investment Trust No.14(H)

 

Shinhan
Investment Tower, 70 

Yeou-idaero,
Yeoungdeungpo-gu 

Seoul
07325, Korea 

Attention:
Ju Hyun Kim 

Phone:
+82-2-767-9052 

Facsimile
+82-2-767-5805 

Email:
juhyun.kim@shbnppam.com

 

With
copies to:

 

13th
fl, KB Securities Bldg, 21, Yeouinaru-ro 4-gil, 

Yeoungdeungpo-gu,
Seoul 07330 Korea 

Attention:
Min Jae Lee 

Phone:
+82-2-2073-5193 

Facsimile:
+82-2-2181-1611 

Email:
aco.kbg@kbfg.com

 

     

    

    

 

Initial
Note B Holder:

 

SHBNPP
Global Professional Investment Type Private Real Estate Investment Trust No.15(H)

 

Shinhan
Investment Tower, 70 

Yeou-idaero,
Yeoungdeungpo-gu 

Seoul
07325, Korea 

Attention:
Ju Hyun Kim 

Phone:
+82-2-767-9052 

Facsimile
+82-2-767-5805 

Email:
juhyun.kim@shbnppam.com

 

With
copies to:

 

13th
fl, KB Securities Bldg, 21, Yeouinaru-ro 4-gil, 

Yeoungdeungpo-gu,
Seoul 07330 Korea 

Attention:
Min Jae Lee 

Phone:
+82-2-2073-5193 

Facsimile:
+82-2-2181-1611 

Email:
aco.kbg@kbfg.com

 

     

    

    

 

EXHIBIT
C

PERMITTED FUND MANAGERS

 

1.
Apollo Global Real Estate

2.
Apollo Global Management

3.
Archon Capital, L.P.

4.
AREA Property Partners

5.
Athene Asset Management, L.P.

6.
BlackRock, Inc.

7.
The Blackstone Group International Ltd. 

8.
Brookfield Asset Management

9.
Capital Trust, Inc.

10.
Clarion Partners

11.
Colony Capital, Inc.

12.
DLJ Real Estate Capital Partners

13.
Eightfold Real Estate Capital, L.P.

14.
Fortress Investment Group LLC

15.
Garrison Investment Group

16.
Goldman, Sachs & Co.

17.
iStar Financial Inc.

18.
J.E. Robert Companies

19.
KKR Real Estate Manager Finance LLC

20.
Lend-Lease Real Estate Investments

21.
LoanCore Capital

22.
Lonestar Funds

23.
Praedium Group

24.
Raith Capital Partners, LLC

25.
Rialto Capital Management, LLC

26.
Rockpoint Group

27.
Starwood Capital/Starwood Financial Trust

28.
Torchlight Investors

29.
Walton Street Capital, LLC

30.
Westbrook Partners

31.
WestRiver Capital

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

33.
Vestas Investment Management Co., Ltd.

 

     

    

    

 

EXHIBIT
D

 

PORTFOLIO
INTEREST CERTIFICATION

 

Reference
is hereby made to the Co-Lender Agreement dated as of [   ] (as amended, supplemented or otherwise modified from time
to time, the “Agreement”), between [   ], 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 [A2][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
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 Borrower as described in Section 881(c)(3)(C) of the Code.

 

The
undersigned has furnished the Master Servicer and the 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[  ]

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