Document:

Exhibit 4.15

AGREEMENT BETWEEN NOTE HOLDERS

Dated as of December 30, 2021

by and between

CITI REAL ESTATE FUNDING INC.

(Note A-1 Holder)

and

CITI REAL ESTATE FUNDING INC.

(Note A-2 Holder)

and

BARCLAYS BANK PLC

(Note A-3 Holder)

and

BARCLAYS BANK PLC

(Note A-4 Holder)

 

 

 

Moonwater Portfolio

    	 		 

    	 

    

TABLE OF CONTENTS

	 	 	Page
	 	 	 
	Section 1.	Definitions.	1
	Section 2.	Servicing of the Mortgage Loan.	16
	Section 3.	Priority of Payments.	24
	Section 4.	Workout.	26
	Section 5.	Administration of the Mortgage Loan.	26
	Section 6.	Note Holder Representatives.	31
	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.	41
	Section 19.	Successors and Assigns; Third Party Beneficiaries.	42
	Section 20.	Counterparts.	42
	Section 21.	Captions.	42
	Section 22.	Severability.	42
	Section 23.	Entire Agreement.	43
	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.	45
	Section 29.	Certain Matters Affecting the Agent.	45
	Section 30.	Reserved.	46
	Section 31.	Resignation of Agent.	46
	Section 32.	Resizing.	46

 

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This AGREEMENT BETWEEN NOTE
HOLDERS (this “Agreement”), dated as of December 30, 2021, by and between BARCLAYS BANK PLC, a public limited company
registered in England and Wales (“Barclays”), and CITI REAL ESTATE FUNDING INC., a New York corporation (“Citi”
and, in its capacity as the initial agent, the “Initial Agent”).

W I T N E S S E T H:

WHEREAS, pursuant to the
Mortgage Loan Agreement (as defined herein), Barclays Capital Real Estate Inc., a Delaware corporation (“BCREI”), and
Citi 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 is evidenced, inter alia, by (i) a promissory note in favor of Citi (together with its successors
and assigns in interest, in its capacity as initial owner of Note A-1 described below, the “Initial Note A-1 Holder”)
in the original principal amount of $40,000,000 (as amended, modified, consolidated, or supplemented, “Note A-1”),
(ii) a promissory note in favor of Citi (together with its successors and assigns in interest, in its capacity as initial owner of
Note A-2 described below, the “Initial Note A-2 Holder”) in the original principal amount of $23,000,000 (as amended,
modified, consolidated, or supplemented, “Note A-2”), (iii) a promissory note in favor of BCREI (together with
its successors and assigns in interest, in its capacity as initial owner of Note A-3 described below, the “Initial Note A-3 Holder”)
in the original principal amount of $35,000,000 (as amended, modified, consolidated, or supplemented, “Note A-3”),
and (iv) a promissory note in favor of BCREI (together with its successors and assigns in interest, in its capacity as initial owner of
Note A-4 described below, the “Initial Note A-4 Holder”; the Initial Note A-1 Holder, the Initial Note A-2 Holder,
the Initial Note A-3 Holder, and the Initial Note A-4 Holder are referred to collectively herein as the “Initial Note Holders”)
in the original principal amount of $18,000,000 (as amended, modified, consolidated, or supplemented, “Note A-4”; and,
together with Note A-1, Note A-2, and Note A-3, the “Notes”);

WHEREAS, each of the Notes
is secured by a first mortgage (as amended, modified or supplemented, the “Mortgage”) on certain real property located
as described on the Mortgage Loan Schedule (the “Mortgaged Property”);

WHEREAS, BCREI transferred
Note A-3 and Note A-4 to Barclays simultaneously with the closing of the Mortgage Loan;

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

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

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

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Securitization Servicing Agreement. Whenever
used in this Agreement, the following terms shall have the respective meanings set forth below unless the context clearly requires otherwise.
Whenever a term is defined as having the meaning set forth in the Lead Securitization Servicing Agreement or substantially similar language,
it shall be deemed to refer to the definition of such term (or if no such definition exists, the definition of any term substantially
similar thereto) as is set forth in the Lead Securitization Servicing Agreement.

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

“Acceptable Insurance
Default” shall have the meaning set forth in the Lead Securitization Servicing Agreement.

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

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

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

“Agreement”
shall mean this Agreement Between Note Holders, any exhibits and schedules hereto and all amendments hereof and thereof and supplements
hereto and thereto.

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

“Asset Representations
Reviewer” shall mean the asset representations reviewer appointed as provided in the Lead Securitization Servicing Agreement.

“Asset Review”
shall mean any review of representations and warranties conducted by 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.

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

“Borrower Party”
shall mean the Mortgage Loan Borrower, a manager of the Mortgaged Property, an Accelerated Mezzanine Loan Lender or any Borrower Party
Affiliate.

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

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

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

“Certificate”
shall mean any certificate issued pursuant to a Securitization.

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

“Certificateholder”
shall mean any holder of a Certificate issued pursuant to a Securitization, to the extent provided under the terms of the related Securitization
Servicing Agreement.

“Citi”
shall have the meaning assigned to such term in the preamble to this 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 Securities and Exchange Commission.

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

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

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

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

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

“Controlling Note”
shall mean Note A-1.

“Controlling Note
Holder” shall mean the holder of the Controlling Note; provided that at any time the Controlling Note is included in
a Securitization, references to the “Controlling Note Holder” herein shall mean the holders of the majority of the class of
securities issued in such Securitization designated as the “controlling class” or any other party that is assigned the rights
to exercise the rights of the “Controlling Note Holder” hereunder, as and to the extent provided in the related Securitization
Servicing Agreement; provided that for so long as the Controlling Note Holder (or the majority “controlling class holder”
or other party assigned the rights to exercise the rights of the Controlling Note Holder) is a Borrower Party, the Controlling Note Holder
(and the majority “controlling class holder” or other party assigned the rights to exercise the rights of the Controlling
Note Holder) shall not be entitled to exercise any rights of the Controlling Note Holder, and there shall be deemed to be no Controlling
Note Holder hereunder. If the Controlling Note is included in a Securitization, the related Securitization Servicing Agreement may contain
additional limitations on the rights of the 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.

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

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

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

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

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

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

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

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

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

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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 recitals.

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

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

“Initial Note A-4
Holder” shall have the meaning assigned to such term in the recitals.

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

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

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

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

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

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

“Lead Securitization”
shall mean:

(i) during the period
from and after the Securitization of any Note other than Note A-1 and prior to the Note A-1 Securitization, the Securitization with the
earliest Securitization Date; provided that, prior to the Securitization of Note A-1, if two or more Notes other than Note A-1
have both the earliest Securitization Date and the same Securitization Date but are included in different Securitizations, then the Securitization
including the Note(s) with the larger (aggregate) Note Principal Balance shall be the Lead Securitization; and

(ii) immediately
upon the occurrence of and following the Securitization of Note A-1, the Note A-1 Securitization.

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

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

“Lead Securitization
Note” shall mean a Note held by the Lead Securitization.

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

“Lead Securitization
Servicing Agreement” shall mean the PSA executed and delivered in connection with the Lead Securitization; provided,
that during any period that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the
“Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

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

“Major Decisions”
shall mean “Major Decisions” as defined in the Lead Securitization Servicing Agreement.

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

“Model PSA”
shall mean that certain pooling and servicing agreement, dated as of July 1, 2021, relating to the BBCMS 2021-C10 securitization.

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“Moody’s”
shall mean Moody’s Investors Service, Inc., 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 December 30, 2021, between Barclays and Citi, collectively, as lender, and the Mortgage Loan
Borrower, as borrower, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to
the terms hereof.

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

“Mortgage Loan 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, guaranteeing or securing the Mortgage Loan.

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

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

“New Notes”
shall have the meaning assigned to such term in Section 32.

“Non-Controlling
Note” shall mean any Note (other than the Controlling Note), including any New Note designated as a “Non-Controlling Note”
hereunder pursuant to Section 32.

“Non-Controlling
Note Holder” shall mean any holder of a Non-Controlling Note; provided that at any time such holder’s respective
Note is included in a Securitization, references to such “Non-Controlling Note Holder” herein shall mean the “Directing
Certificateholder”, “Directing Holder”, “Controlling Class Representative” or any other party assigned the
rights to exercise the rights of such “Non-Controlling Note Holder” hereunder, as and to the extent provided in the related
Non-Lead Securitization Servicing Agreement (including without limitation subject to any restrictions applicable to the Mortgage Loan
Borrower or affiliates of the Mortgage Loan Borrower provided in such 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; provided
that for so long as 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” (as described above) is) a Borrower Party, such Non-Controlling
Note (and the majority “controlling class” holder or other party assigned the rights to exercise the rights of such “Non-Controlling
Note Holder” as described above) 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. The Lead Securitization Note Holder
(or the Master Servicer or the Special Servicer acting on its behalf) shall not be required at any time to deal with more than one party
in respect of any Note that is

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exercising the rights of a “Non-Controlling
Note Holder” herein or under the Lead Securitization Servicing Agreement (it being understood, for the avoidance of doubt, that
the Lead Securitization Note Holder (or the Master Servicer or Special Servicer on its behalf) may additionally need to deal with the
master servicer, special servicer or other person party to the related Securitization Servicing Agreement) and (x) to the extent that
the related Securitization Servicing Agreement assigns such rights to more than one party or (y) to the extent any Note is split into
two or more New Notes pursuant to Section 32, for purposes of this Agreement, the applicable Securitization Servicing Agreement
or the holders of such New Notes shall designate one such party to deal with the Lead Securitization Note Holder (or the Master Servicer
or the Special Servicer acting on its behalf) and provide written notice of such designation to the Lead Securitization Note Holder (and
the Master Servicer and the Special Servicer acting on its behalf); provided that, in the absence of such designation and notice,
the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall be entitled to treat the
last party as to which it has received written notice as having been designated as a Non-Controlling Note Holder, as a Non-Controlling
Note Holder under this Agreement. If the Non-Controlling Note is included in a Securitization, the related Securitization Servicing Agreement
may contain additional limitations on the rights of the 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.

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

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

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

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

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

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

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

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

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

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

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

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

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

“Non-Securitizing
Note Holder” shall mean, with respect to a Securitization, each Note Holder that is not a Securitizing Note Holder with respect
to such Securitization.

“Nonrecoverable
Advance” shall have the meaning given thereto or to an analogous term in the 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 PSA”
shall mean the pooling and servicing agreement or other comparable agreement entered into in connection with the Note A-1 Securitization.

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

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

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

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

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

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

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

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

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

“Note A-4”
shall have the meaning assigned to such term in the recitals.

“Note A-4 Holder”
shall mean the Initial Note A-4 Holder or any subsequent holder of Note A-4, as applicable.

“Note A-4 PSA”
shall mean the pooling and servicing agreement or other comparable agreement entered into in connection with the Note A-4 Securitization.

“Note A-4 Securitization”
shall mean the first sale by the Note A-4 Holder of all or a portion of Note A-4 to a depositor who will in turn include such portion
of Note A-4 as part of the securitization of one or more mortgage loans.

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

“Note Holders”
shall mean, collectively, the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, and the Note A-4 Holder.

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

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

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

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

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

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

“Payment Date”
shall have the meaning assigned to such term (or analogous term) in the Mortgage Loan Agreement.

“Percentage Interest”
shall mean, with respect to any Note Holder, a fraction, expressed as a percentage, the numerator of which is the principal balance of
the related Note and the denominator of which is the principal balance of the Mortgage Loan.

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

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

“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.

“PSA”
shall mean each of the Note A-1 PSA, the Note A-2 PSA, the Note A-3 PSA, and the Note A-4 PSA.

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

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

(b)              
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

    	 	-11-	 

    	 

    

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

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

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

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

    	 	-12-	 

    	 

    

(c)              
 any entity Controlled by any of the entities described in clause (b) (other than clause (b)(iii)) above or
that is the subject of a Rating Agency Confirmation as a Qualified Institutional Lender for purposes of this Agreement from each of the
Rating Agencies engaged by the Depositor and any Non-Lead Depositor to rate the securities issued by the related Securitization Trust.

“Qualified Trustee”
shall mean (i) a corporation, national bank, national banking association or a trust company, organized and doing business under
the laws of any state or the United States of America, authorized under such laws to exercise corporate trust powers and to accept the
trust conferred, having a combined capital and surplus of at least $50,000,000 and subject to supervision or examination by federal or
state authority, (ii) an institution insured by the Federal Deposit Insurance Corporation or (iii) an institution whose long-term
senior unsecured debt has a rating in either of the then in effect top two rating categories of each of the applicable Rating Agencies
(or, if not rated by an applicable Rating Agency, an equivalent (or higher) rating from any two of Fitch, Moody’s and S&P).

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

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

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

    	 	-13-	 

    	 

    

Securitization Servicing Agreement. For purposes
of clarity, any such waiver, declination or refusal to review or otherwise engage in any request for a Rating Agency Confirmation hereunder
shall not be deemed a waiver, declination or refusal to review or otherwise engage in any subsequent request for a Rating Agency Confirmation
hereunder and the condition for Rating Agency Confirmation pursuant to this Agreement for any subsequent request shall apply regardless
of any previous waiver, declination or refusal to review or otherwise engage in such prior request.

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

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

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

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

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

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

“Scheduled Interest
Payment” shall mean the scheduled payment of interest due on the Mortgage Loan on a Payment Date.

    	 	-14-	 

    	 

    

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

“Securitization”
shall mean the Note A-1 Securitization, the Note A-2 Securitization, the Note A-3 Securitization, and the Note A-4 Securitization.

“Securitization
Date” shall mean, with respect to a Securitization, the effective date on which such Securitization is consummated.

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

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

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

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

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

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

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

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

“Special Servicer”
shall mean the applicable special servicer with respect to the Mortgage Loan 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.

    	 	-15-	 

    	 

    

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

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

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

Section 2.               
Servicing of the Mortgage Loan.

(a)              
Each Note Holder acknowledges and agrees that, subject in each case to this Agreement, the Mortgage Loan shall be serviced from
and after the Lead Securitization Date by the Master Servicer and the Special Servicer pursuant to the terms of this Agreement and the
Lead Securitization Servicing Agreement; provided that the Master Servicer shall not be obligated to advance monthly payments of principal
or interest in respect of any Note other than the Lead Securitization Note if such principal or interest is not paid by the Mortgage Loan
Borrower but shall be obligated to make Servicing Advances subject to the terms of the Lead Securitization Servicing Agreement; provided,
further, that, when appointed, the Special Servicer has the Required Special Servicer Rating from each Rating Agency then rating
a Securitization. Each Note Holder acknowledges that any other Note Holder may elect, in its sole discretion, to include its Note in a
Securitization and agrees that it will, subject to Section 26, reasonably cooperate with such other Note Holder, at such other
Note Holder’s expense, to effect such Securitization. Subject to the terms and conditions of this Agreement, each Note Holder hereby
irrevocably and unconditionally consents to the appointment of the Master Servicer and the Trustee under the Lead Securitization Servicing
Agreement by the Depositor and the appointment of the Special Servicer by the Controlling Note Holder and agrees to reasonably cooperate
with the Master Servicer and the Special Servicer with respect to the servicing of the Mortgage Loan in accordance with the Lead Securitization
Servicing Agreement. Each Note Holder hereby appoints the Master Servicer, the Special Servicer and the Trustee in the Lead Securitization
as such Note Holder’s attorney-in-fact to sign any documents reasonably required with respect to the administration and servicing
of the Mortgage Loan on its behalf under the Lead Securitization Servicing Agreement (subject at all times to the rights of such Note
Holder set forth herein and in the Lead Securitization Servicing Agreement). The Lead Securitization Servicing Agreement shall not require
the Servicer to enforce the rights of any Note Holder against any other Note Holder or limit the Servicer in enforcing the rights of one
Note Holder against any other Note Holder as may be required in order to service the Mortgage Loan as contemplated by this Agreement and
the Lead Securitization Servicing Agreement; provided, that it is also understood and agreed that nothing in this sentence shall
be construed to otherwise limit the rights of one Note Holder with respect to any other Note Holder. Each Servicer shall be required pursuant
to the Lead Securitization Servicing Agreement (i) to service the Mortgage Loan in accordance with

    	 	-16-	 

    	 

    

the Servicing Standard, the terms of the
Mortgage Loan Documents, the Lead Securitization Servicing Agreement and applicable law, (ii) to provide information to each servicer
under each Non-Lead Securitization Servicing Agreement necessary to enable each such servicer to perform its servicing duties under such
Non-Lead Securitization Servicing Agreement, and (iii) to not take any action or refrain from taking any action or follow any direction
inconsistent with the foregoing.

At any time that the
Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the Note Holders agree to cause the
Mortgage Loan to be serviced by one or more servicers, each of which has been agreed upon by the Note Holders, pursuant to a servicing
agreement that has servicing terms substantially similar to the Lead Securitization Servicing Agreement and all references herein to the
“Lead Securitization Servicing Agreement” shall mean such subsequent servicing agreement; provided, however,
that the Notes that constituted the Lead Securitization Note shall continue to be considered as the Lead Securitization Note; provided
further, however, that unless otherwise agreed to by the holder of the Lead Securitization Note, the master servicer under
such subsequent servicing agreement shall not be required to make any P&I Advance in respect of such Note; provided further,
however, that if a Non-Lead Securitization Note is in a Securitization and the servicer(s) to be appointed under such replacement
servicing agreement would not otherwise meet the conditions to be a servicer under the Lead Securitization Servicing Agreement that is
being replaced, then a Rating Agency Confirmation shall have been obtained from each Rating Agency; provided, further, that the
special servicer and the related servicing arrangements under such replacement servicing agreement shall in any event satisfy the requirements
of clause (b)(iii)(2) of the definition of Qualified Institutional Lender; and provided, further, that until a replacement
servicing agreement has been entered into, the Lead Securitization Note Holder shall cause the Mortgage Loan to be serviced pursuant to
the provisions of the Lead Securitization Servicing Agreement (excluding, however, any obligation to make any P&I Advances in respect
of the Lead Securitization Note except as specifically agreed to by the Servicer, and provided that the Servicer’s right to reimbursement
for Servicing Advances as set forth in Section 2(b) shall remain in effect), as if such agreement were still in full force and effect
with respect to the Mortgage Loan, by the applicable Servicer in the Lead Securitization being replaced or by any Person appointed by
the Lead Securitization Note Holder that is a qualified servicer meeting the requirements of the Lead Securitization Servicing Agreement
(and, in the case of an appointed special servicer, that has the Required Special Servicer Rating from each Rating Agency then rating
securities of a Non-Lead Securitization). The Note Holders acknowledge that at any time that the Mortgage Loan is no longer subject to
the provisions of the Lead Securitization Servicing Agreement, the Master Servicer shall have no further obligation to make P&I Advances
with respect to the Mortgage Loan.

(b)              
The Master Servicer shall be the lead master servicer on the Mortgage Loan, and from time to time it (or the Trustee or the Special
Servicer, to the extent provided in the Lead Securitization Servicing Agreement) shall make the following advances, subject to the terms
of the Lead Securitization Servicing Agreement and this Agreement: (i) Servicing Advances on the Mortgage Loan and (ii) P&I Advances
on the Lead Securitization Note. The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled to reimbursement
for a Servicing Advance, first from funds on deposit in the Collection Account and/or the related Companion Distribution Account
for the Mortgage Loan that (in any case)

    	 	-17-	 

    	 

    

represent amounts received on or in respect
of the Mortgage Loan, and then, in the case of Servicing Advances that are Nonrecoverable Advances, if such funds on deposit in
the Collection Account and Companion Distribution Account are insufficient, from general collections of the Lead Securitization as provided
in the Lead Securitization Servicing Agreement. The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled
to reimbursement for interest on a Servicing Advance (including any Servicing Advance that is any Nonrecoverable Advance) at the Reimbursement
Rate in the manner and from the sources provided in the Lead Securitization Servicing Agreement, including from general collections of
the Lead Securitization. Notwithstanding the foregoing, to the extent the Master Servicer, the Special Servicer or the Trustee, as applicable,
obtains funds from general collections of the Lead Securitization as a reimbursement for a Servicing Advance that is a Nonrecoverable
Advance or any interest on a Servicing Advance (including any Servicing Advance that is a Nonrecoverable Advance) at the Reimbursement
Rate, each Non-Lead Securitization Note Holder (including any Securitization Trust into which such Non-Lead Securitization Note is deposited)
shall be required to, promptly following notice from the Master Servicer, reimburse the Lead Securitization for its pro rata share
of such Servicing Advance that is a Nonrecoverable Advance or interest thereon at the Reimbursement Rate.

In addition, any Non-Lead
Securitization Note Holder (including, but not limited to, any Securitization Trust into which the applicable Non-Lead Securitization
Note is deposited) shall be required to, promptly following notice from the Master Servicer or the Special Servicer, pay or reimburse
the Lead Securitization for such Non-Lead Securitization Note Holder’s pro rata share of any fees, costs or expenses incurred
in connection with the servicing and administration of the Mortgage Loan as to which the Master Servicer, the Special Servicer, the Certificate
Administrator, the Trustee, the Operating Advisor, the Depositor or CREFC®, as applicable, is entitled to be reimbursed
pursuant to the Lead Securitization Servicing Agreement and this Agreement, to the extent amounts on deposit in the related Companion
Distribution Account and, to the extent of funds related to the Mortgage Loan, the Collection Account, are insufficient for reimbursement
of such amounts. Each Non-Lead Securitization Note Holder agrees to indemnify (as and to the same extent the Lead Securitization Trust
is required to indemnify each of the following parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to
the terms of the Lead Securitization Servicing Agreement) each of the Depositor, the Master Servicer, the Special Servicer, the Certificate
Administrator, the Trustee and the Operating Advisor (and any director, officer, member, manager, employee or agent of any of the foregoing,
to the extent such parties are identified as indemnified parties in the Lead Securitization Servicing Agreement in respect of other mortgage
loans) (the “Indemnified Parties”) against any claims, losses, penalties, fines, forfeitures, legal fees and related
costs, judgments and any other costs, liabilities, fees and expenses incurred in connection with the servicing and administration of the
Mortgage Loan (or, with respect to the Operating Advisor, incurred in connection with the provision of services for the Mortgage Loan)
under the Lead Securitization Servicing Agreement (collectively, the “Indemnified Items”) to the extent of its pro
rata share of such Indemnified Items, and to the extent amounts on deposit in the related Companion Distribution Account and, to the
extent of funds related to the Mortgage Loan, the Collection Account, are insufficient for reimbursement of such amounts, each Non-Lead
Securitization Note Holder shall be required to, promptly following notice from the Master Servicer, the Special Servicer or the Trustee,
reimburse each of the applicable Indemnified Parties for its pro rata share of the insufficiency; provided that a Non-Lead Securitization
Note Holder’s

    	 	-18-	 

    	 

    

duty to pay, if any, Indemnified Items
to the Operating Advisor shall be subject to any limitations and conditions (including limitations and conditions with respect to the
timing of such payments and the sources of funds for such payments) as may be set forth from time to time in the related Non-Lead Securitization
Servicing Agreement with respect to the Non-Lead Operating Advisor.

Any Non-Lead Master
Servicer (or Non-Lead Trustee (if not made by such Non-Lead Master Servicer)) may be required to make P&I Advances on the respective
Non-Lead Securitization Note, from time to time, subject to the terms of the related Non-Lead Securitization Servicing Agreement, the
Lead Securitization Servicing Agreement and this Agreement. The Master Servicer, the Special Servicer and the Trustee, as applicable,
shall each be entitled to make their own recoverability determination with respect to a P&I Advance to be made on the Lead Securitization
Note based on the information that they have on hand and in accordance with the Lead Securitization Servicing Agreement. Any Non-Lead
Master Servicer, Non-Lead Special Servicer or Non-Lead Trustee under any Non-Lead Securitization Servicing Agreement, as applicable, shall
each be entitled to make its own recoverability determination with respect to a P&I Advance to be made on the related Non-Lead Securitization
Note based on the information that they have on hand and in accordance with the related Non-Lead Securitization Servicing Agreement. The
Master Servicer or the Trustee, as applicable, and any Non-Lead Master Servicer or Non-Lead Trustee, as applicable, shall each be required
to notify the other of the amount of its P&I Advance within two Business Days of making such advance. If the Master Servicer, the
Special Servicer or the Trustee, as applicable (with respect to the Lead Securitization Note) or a Non-Lead Master Servicer, Non-Lead
Special Servicer or Non-Lead Trustee, as applicable (with respect to a Non-Lead Securitization Note), determines that a proposed P&I
Advance, if made, would be non-recoverable or an outstanding P&I Advance is or would be non-recoverable, or if the Master Servicer,
the Special Servicer or the Trustee, as applicable, subsequently determines that a proposed Servicing Advance would be non-recoverable
or an outstanding Servicing Advance is or would be non-recoverable, then the Master Servicer or the Trustee (as provided in the Lead Securitization
Servicing Agreement, in the case of a determination of non-recoverability by the Master Servicer, the Special Servicer or the Trustee)
or such Non-Lead Master Servicer or Non-Lead Trustee (as provided in the related Non-Lead Securitization Servicing Agreement, in the case
of a determination of non-recoverability by a Non-Lead Master Servicer, a Non-Lead Special Servicer or a Non-Lead Trustee) shall notify
the Master Servicer and the Trustee, or the related Non-Lead Master Servicer and the related Non-Lead Trustee, as the case may be, of
such other Securitization within two Business Days of making such determination. Each of the Master Servicer and the Trustee, any Non-Lead
Master Servicer and any Non-Lead Trustee, as applicable, shall only be entitled to reimbursement for a P&I Advance that becomes non-recoverable
(and interest thereon at the Reimbursement Rate) first from the related Companion Distribution Account from amounts allocable to
the Note for which such P&I Advance was made, and then, if such funds are insufficient, (i) in the case of the Lead Securitization
Note, from general collections of the Lead Securitization Trust, pursuant to the terms of the Lead Securitization Servicing Agreement
and (ii) in the case of a Non-Lead Securitization Note, from general collections of the related Securitization Trust, as and to the extent
provided in the related Non-Lead Securitization Servicing Agreement.

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

    	 	-19-	 

    	 

    

(i)           
 such Non-Lead Securitization Note Holder shall be responsible for its pro rata share of any Servicing Advances that are
Nonrecoverable Advances (and interest thereon at the Reimbursement Rate) and any additional trust fund expenses under the Lead Securitization
Servicing Agreement, but only to the extent that they relate to servicing and administration of the Notes, including without limitation,
any unpaid Special Servicing Fees, Liquidation Fees and Workout Fees relating to the Notes, and that if the funds received with respect
to each respective Note are insufficient to cover such Servicing Advances or additional trust fund expenses, (x) the related Non-Lead
Master Servicer will be required to, promptly following notice from the Master Servicer or the Special Servicer, pay or reimburse the
Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee or the Operating Advisor, as applicable, out of general
collections in the collection account (or equivalent account) established under such Non-Lead Securitization Servicing Agreement for such
Non-Lead Securitization Note Holder’s pro rata share of any such Servicing Advances that are Nonrecoverable Advances (and
interest thereon at the Reimbursement Rate) and/or additional trust fund expenses under the Lead Securitization Servicing Agreement relating
to the Mortgage Loan, and (y) if the Lead Securitization Servicing Agreement permits the Master Servicer, the Special Servicer, the Certificate
Administrator, the Trustee or the Operating Advisor to reimburse itself from the Lead Securitization Trust’s general collections,
then the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee or the Operating Advisor, as applicable, may
do so and the related Non-Lead Master Servicer will be required to, promptly following notice from the Master Servicer or the Special
Servicer, pay or reimburse the Lead Securitization Trust out of general collections in the collection account (or equivalent account)
established under such Non-Lead Securitization Servicing Agreement for such Non-Lead Securitization Note Holder’s pro rata
share of any such Servicing Advances that are Nonrecoverable Advances (and interest thereon at the Reimbursement Rate) and/or additional
trust fund expenses under the Lead Securitization Servicing Agreement relating to the Mortgage Loan;

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

    	 	-20-	 

    	 

    

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

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

(d)              
If a Non-Lead Securitization Note becomes the subject of an Asset Review pursuant to the related Non-Lead Securitization Servicing
Agreement, the Master Servicer, the Special Servicer, the Trustee and the Custodian shall reasonably cooperate with the applicable Non-Lead
Asset Representations Reviewer or any other party to such Non-Lead Securitization Servicing Agreement in connection with such Asset Review
by providing such Non-Lead Asset Representations Reviewer or such other requesting party with any documents reasonably requested by the
Non-Lead Asset Representations Reviewer or such other requesting party (not at its own expense or the expense of the Lead Securitization
Trust but at the expense of the related mortgage loan seller, such Non-Lead Asset Representations Reviewer or such other requesting party
to the Non-Lead Securitization Servicing Agreement), but only to the extent that (i) such Non-Lead Asset Representations Reviewer or such
other requesting party has not been able to obtain such documents from the related mortgage loan seller or any party to the related Non-Lead
Securitization Servicing Agreement and (ii) such documents are in the possession of the Master Servicer, the Special Servicer, the Trustee
or the Custodian, as the case may be.

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

    	 	-21-	 

    	 

    

to receive such items as and to the extent
provided in the related Securitization Servicing Agreement) and, when so delivered to such master servicer and the special servicer, the
Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall be deemed to have satisfied
its delivery obligations with respect to such items hereunder or under the Lead Securitization Servicing Agreement; provided, however,
that all items that relate to a Non-Lead Depositor’s compliance with any applicable securities laws shall also be delivered to such
Non-Lead Depositor.

(f)               
In addition to the foregoing, each Securitization Servicing Agreement shall contain terms and conditions that are customary for
securitization transactions involving assets similar to the Mortgage Loan and that are otherwise (i) required by the Code relating
to the tax elections of the trust fund formed pursuant to such Securitization Servicing Agreement, (ii) required by law or changes
in any law, rule or regulation or (iii) requested by the Rating Agencies rating the related Securitization.  Each Non-Lead Securitization
Note Holder shall have the right to designate the related Non-Lead Master Servicer and related Non-Lead Special Servicer with respect
to the Securitization related to its Note.  Without limiting the generality of any provision set forth above, for purposes of the
Mortgage Loan, each Securitization Servicing Agreement shall contain (A) provisions requiring the related master servicer and the related
special servicer to maintain, or subjecting them to possible termination for not maintaining, compliance with customary servicer rating
criteria (but the rating agencies need not be the same) and (B) provisions substantially similar in all material respects to or materially
consistent with those set forth in the Model PSA with respect to (i) periodic reporting and periodic delivery of service provider compliance
documents under Regulation AB (and, in any event, each Securitization Servicing Agreement shall require such reporting and delivery so
long as the Lead Securitization Trust is required to file periodic reports under the Exchange Act), (ii) servicing transfer events that
would result in the transfer of the Mortgage Loan to special servicing status, (iii) the authority of the Controlling Note Holder (or
the Master Servicer or Special Servicer on its behalf) to grant or agree or consent to material modifications, waivers and amendments
to the Mortgage Loan, or to approve material assignments and assumptions or material additional indebtedness in connection with the Mortgage
Loan, (iv) the potential termination of the related master servicer and special servicer following a servicer termination event, (v) requirements
to obtain an appraisal or appraisal update following a transfer of the Mortgage Loan to special servicing status and periodic updates
thereof, (vi) duties of the special servicer in respect of foreclosure and the management of REO property, (vii) payments on serviced
companion loans (provided, that the Master Servicer under the Lead Securitization Servicing Agreement shall remit amounts payable on any
serviced companion loan on or before the Business Day following the determination date under the applicable Non-Lead Securitization Servicing
Agreement governing the securitization of such serviced companion loan (if any)), (viii) special servicing, workout and liquidation fees
(and, in any event, the fees at which such compensation accrue or are determined shall not exceed 0.25%, 1.00% and 1.00%, respectively
(subject to any market minimum special servicing fees and fee offsets set forth in the Servicing Agreement), (ix) indemnification of the
Depositor, Master Servicer, Special Servicer, certificate administrator, Trustee and Operating Advisor under the Lead Securitization Servicing
Agreement (and any director, officer, employee or agent of any of the foregoing, to the extent such parties are identified as indemnified
parties in the Lead Securitization Servicing Agreement in respect of other mortgage loans) against any claims, losses, penalties, fines,
forfeitures, legal fees and related costs, judgments and any other costs, liabilities, fees and expenses incurred in connection

    	 	-22-	 

    	 

    

with servicing and administration of the
Mortgage Loan (or, with respect to the related operating advisor, incurred in connection with the provision of services for the Mortgage
Loan) to the same extent that the Indemnified Parties are indemnified under the Lead Securitization Servicing Agreement against the Indemnified
Items, (x) requirements to give each Non-Lead Securitization Note Holder (except any Note Holder of any other Note included in the Lead
Securitization) notice of the Lead Securitization in writing (which may be by email) on or before the applicable closing date for such
Lead Securitization, together with contact information for each of the parties to the Lead Securitization Servicing Agreement; (xi) requirements
to send a copy (in EDGAR-compatible format) of the Lead Securitization Servicing Agreement to each Non-Lead Securitization Note Holder
(except any Note Holder of any other Note included in the Lead Securitization); and (xii) requirements to send written notice to each
Non-Lead Securitization Note Holder in a timely manner (but no later than two (2) Business Days after the applicable filing date) of any
8-K/A filing made by the Depositor regarding the Lead Securitization Servicing Agreement if such filing contains revisions or changes
to such Lead Securitization Servicing Agreement that are material to such Non-Lead Securitization Note Holder; provided, that (A)
this Section 2(f) shall not be construed to prohibit differences in timing, control or consultation triggers or thresholds, terminology,
allocation of ministerial duties between multiple servicers or other service providers or certificateholder or investor voting or consent
thresholds, or to prohibit or restrict additional approval, consent, consultation, notice or rating agency confirmation requirements;
and (B) if there is any conflict between this sentence and any other provision of this Agreement, such other provision of this Agreement
shall control. To the extent of any conflict between this Agreement and the Lead Securitization Servicing Agreement, the terms of this
Agreement shall control.

(g)              
The Lead Securitization Note Holder shall cause the Lead Securitization Servicing Agreement to contain provisions requiring the
Master Servicer to deliver to any Non-Lead Master Servicer, any Non-Lead Special Servicer and any Non-Lead Trustee (i) notice of any Appraisal
Reduction Event promptly following the occurrence thereof and (ii) a statement of any Appraisal Reduction Amount promptly following the
calculation thereof.

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

(i)           
the Master Servicer shall remit all payments received with respect to 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 (i) is at least one (1) Business Day after the scheduled monthly payment date
under the Mortgage Loan Agreement;

    	 	-23-	 

    	 

    

(ii)           
 in connection with the expedited remittances contemplated by the preceding clause (i) and the expedited reporting contemplated
by the following clause (iii), (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 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 each Non-Lead Securitization Note Holder contemplated
by the preceding clause (i) 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;

(iii)           
the Master Servicer agrees, with respect to any Non-Lead Securitization Note that is held by a Securitization, 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 (as defined in the Lead
Securitization Servicing Agreement) 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 (iii) is at least one (1) Business Day after the scheduled monthly
payment date under the Mortgage Loan Agreement; and

(iv)           
Servicer Termination Events with respect to the Master Servicer and the Special Servicer shall include the failure to provide to
any Non-Lead Securitization Note Holder (if and to the extent required under the related Non-Lead Securitization) reports required under
the Exchange Act, and the rules and regulations thereunder, in a timely fashion that allows the depositor for such Non-Lead Securitization
to timely satisfy all filing requirements under the Exchange Act and the rules and regulations promulgated thereunder in connection with
such Non-Lead Securitization.

Section 3.               
Priority of Payments. Each Note shall be of equal priority, and no portion of any Note shall have priority or preference
over any portion of any other Note or security therefor. All amounts tendered by the Mortgage Loan Borrower or otherwise available for
payment on or with respect to or in connection with the Mortgage Loan or the Mortgaged Property or amounts realized as proceeds thereof,
whether received in the form of Scheduled Payments, the Balloon Payment, Liquidation Proceeds, proceeds under any guaranty, letter of
credit or other

    	 	-24-	 

    	 

    

collateral or instrument securing the Mortgage
Loan, Condemnation Proceeds, or Insurance Proceeds (other than proceeds, awards or settlements to be applied to the restoration or repair
of the Mortgaged Property or released to the Mortgage Loan Borrower in accordance with the terms of the Mortgage Loan Documents, to the
extent permitted by the REMIC Provisions), shall be applied by the Lead Securitization Note Holder (or its designee) to the Notes on a
Pro Rata and Pari Passu Basis; provided, that (x) all amounts for required reserves or escrows required by the Mortgage
Loan Documents to be held as reserves or escrows or received as reimbursements on account of recoveries in respect of property protection
expenses or Servicing Advances then due and payable or reimbursable to the Trustee or any Servicer under the Lead Securitization Servicing
Agreement shall be applied to the extent set forth in, and in accordance with the terms of, the Mortgage Loan Documents; and (y) all
amounts that are then due, payable or reimbursable to any Servicer with respect to the Mortgage Loan pursuant to the Lead Securitization
Servicing Agreement and any other additional compensation payable to it thereunder (including without limitation, any additional trust
fund expenses under the Lead Securitization Servicing Agreement relating to the Mortgage Loan (but subject to the second paragraph of
Section 5(d) hereof) reimbursable to, or payable by, such parties and any Special Servicing Fees, Liquidation Fees, Workout Fees,
Penalty Charges (to the extent provided in the immediately following paragraph), but excluding (i) any P&I Advances (and interest
thereon) on the Lead Securitization Note, which shall be reimbursed in accordance with Section 2(b) hereof, and (ii) any Servicing
Fees due to the Master Servicer in excess of each Non-Lead Securitization Note’s pro rata share of that portion of such servicing
fees calculated at the “primary servicing fee rate” applicable to the Mortgage Loan as set forth in the Lead Securitization
Servicing Agreement, which such excess shall not be subject to the allocation provisions of this Section 3) shall be payable in
accordance with the Lead Securitization Servicing Agreement.

For clarification purposes,
Penalty Charges (or any analogous term as defined in the Lead Securitization Servicing Agreement) paid on each Note shall first,
be used to reduce, on a pro rata basis, the amounts payable on each Note by the amount necessary to pay the Master Servicer, the
Trustee or the Special Servicer for any interest accrued on any Servicing Advances and reimbursement of any Servicing Advances in accordance
with the terms of the Lead Securitization Servicing Agreement, second, be used to reduce the respective amounts payable on each
Note by the amount necessary to pay the Master Servicer, Trustee, any Non-Lead Master Servicer or any Non-Lead Trustee, as applicable,
for any interest accrued on any P&I Advance made with respect to such Note by such party (if and as specified in the Lead Securitization
Servicing Agreement or applicable Non-Lead Securitization Servicing Agreement, as applicable), third, be used to reduce, on a pro
rata basis, the amounts payable on each Note by the amount necessary to pay additional trust fund expenses under the Lead Securitization
Servicing Agreement (including Special Servicing Fees, unpaid Workout Fees and Liquidation Fees) incurred with respect to the Mortgage
Loan (as specified in the Lead Securitization Servicing Agreement) and finally, with respect to any remaining amount of Penalty
Charges, be distributed (x) prior to the securitization of the Lead Securitization Note or at any time the Mortgage Loan is not being
serviced pursuant to a Securitization Servicing Agreement, pro rata to each Note Holder, and (y) following the securitization of the Lead
Securitization Note, to the Master Servicer and/or the Special Servicer as additional servicing compensation as provided in the Lead Securitization
Servicing Agreement.

    	 	-25-	 

    	 

    

Any Note Holder that receives
proceeds from the sale of the primary servicing rights with respect to the Mortgage Loan shall remit to the other Note Holders, promptly
upon receipt thereof, such amounts as are required such that each Note Holder receives its pro rata share of such proceeds on a Pro Rata
and Pari Passu Basis. Any proceeds received by any Note Holder from the sale of master servicing rights with respect to its Note shall
be for its own account.

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

Section 5.               
Administration of the Mortgage Loan.

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

    	 	-26-	 

    	 

    

Each Note Holder hereby
acknowledges the right and obligation of the Lead Securitization Note Holder (or the Special Servicer acting on behalf of the Lead Securitization
Note Holder), upon the Mortgage Loan becoming a Defaulted Loan, to sell the Notes together as notes evidencing one whole loan in accordance
with the terms of the Lead Securitization Servicing Agreement. In connection with any such sale, the Special Servicer shall sell the Notes
together as notes evidencing one whole loan and shall require that all offers be submitted to the Trustee in writing. Whether any cash
offer constitutes a fair price for the Mortgage Loan shall be determined by the Special Servicer (unless the offeror is an Interested
Person, in which case the Trustee shall make such determination); provided, that no offer from an Interested Person shall constitute a
fair price unless (i) it is the highest offer received and (ii) at least two bona fide other offers are received from independent third
parties. In determining whether any offer received represents a fair price for the Mortgage Loan, the Trustee or the Special Servicer,
as applicable, shall be supplied with and shall rely on the most recent Appraisal or updated Appraisal conducted in accordance with the
Lead Securitization Servicing Agreement within the preceding nine (9)-month period or, in the absence of any such Appraisal, on a new
Appraisal. The Trustee shall select the appraiser conducting any such new Appraisal. In determining whether any such offer constitutes
a fair price for the Mortgage Loan, the Trustee or the Special Servicer, as applicable, shall instruct the appraiser to take into account
(in addition to the results of any Appraisal or updated Appraisal that it may have obtained pursuant to the Lead Securitization Servicing
Agreement), as applicable, among other factors, the period and amount of any delinquency on the affected Mortgage Loan, the occupancy
level and physical condition of the Mortgaged Property and the state of the local economy. The Trustee may conclusively rely on the opinion
of an Independent appraiser or other Independent expert in real estate matters with at least five (5) years’ experience in valuing
or investing in loans similar to the Mortgage Loan that has been selected with reasonable care by the Trustee to determine if such cash
offer constitutes a fair price for the Mortgage Loan, and that has been retained by the Trustee at the expense of the Holders in connection
with making such determination. Notwithstanding the foregoing, the Lead Securitization Note Holder (or the Special Servicer acting on
its behalf) shall not be permitted to sell the Mortgage Loan without the written consent of each Non-Lead Securitization Note Holder (provided
that such consent is not required with respect to any Non-Lead Securitization Note that is held by the Mortgage Loan Borrower or a Borrower
Party) unless the Special Servicer has delivered to each Non-Lead Securitization Note Holder: (a) at least 15 Business Days prior written
notice of any decision to attempt to sell the Mortgage Loan; (b) at least 10 days prior to the proposed sale date, a copy of each bid
package (together with any 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 requested by such Non-Lead Securitization Note Holder that are material to the sale price of the Mortgage Loan; and
(d) until the sale is completed, and a reasonable period of time (but no less time than is afforded to other offerors and the Lead Securitization
Directing Certificateholder or the Controlling Note Holder, as applicable) prior to the proposed sale date, all information and other
documents being provided to other offerors and all leases or other documents that are approved by the Master Servicer or the Special Servicer
in connection with the proposed sale. Subject to the foregoing, each Note Holder or its Note Holder Representative shall be permitted
to submit an offer at any sale of the Mortgage Loan (unless such Person is a Borrower Party).

    	 	-27-	 

    	 

    

Notwithstanding anything
contained in the preceding paragraph to the contrary, if the Trustee is required to determine whether a cash offer by an Interested Person
constitutes a fair price, the Trustee may (at its option and at the expense of the offering Interested Person purchaser) designate an
independent third party expert in real estate or commercial mortgage loan matters with at least five (5) years’ experience in valuing
loans similar to the Mortgage Loan, that has been selected with reasonable care by the Trustee to determine if such cash offer constitutes
a fair price for the Mortgage Loan. If the Trustee designates such third party to make such determination, the Trustee shall be entitled
to rely conclusively upon such third party’s determination. The reasonable fees of, and the costs of all appraisals, inspection
reports and broker opinions of value incurred by any such third party shall be covered by, and shall be reimbursable, from the offering
Interested Person.

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

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

(b)              
The administration of the Mortgage Loan shall be governed by this Agreement and the Lead Securitization Servicing Agreement. The
servicing of the Mortgage Loan shall be carried out by the Master Servicer and, if the Mortgage Loan is a Specially Serviced Loan (as
defined in the Lead Securitization Servicing Agreement) (or to the extent otherwise provided in the Lead Securitization Servicing Agreement),
by the Special Servicer, in each case

    	 	-28-	 

    	 

    

pursuant to the Lead Securitization Servicing
Agreement. Notwithstanding anything to the contrary contained herein, in accordance with the Lead Securitization Servicing Agreement,
the Lead Securitization Note Holder shall cause the Master Servicer and the Special Servicer to service and administer the Mortgage Loan
in accordance with the Servicing Standard, taking into account the interests of each Note Holder. The Note Holders agree to be bound by
the terms of the Lead Securitization Servicing Agreement. All rights and obligations of the Lead Securitization Note Holder described
hereunder may be exercised by the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee on behalf of the
Lead Securitization Note Holder to the extent set forth in the Lead Securitization Servicing Agreement. The Lead Securitization Servicing
Agreement shall not be amended in any manner that may materially and adversely affect any Non-Lead Securitization Note Holder in its capacity
as Non-Lead Securitization Note Holder without such Non-Lead Securitization Note Holder’s prior written consent. Each Non-Lead Securitization
Note Holder (unless it is a Borrower Party) shall be a third-party beneficiary to the Lead Securitization Servicing Agreement with respect
to its rights as specifically provided for therein.

(c)              
Notwithstanding the foregoing, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its
behalf) shall (i) provide copies of any notice, information and report that it is required to provide to the Lead Securitization Directing
Certificateholder or Controlling Note Holder, as applicable, 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-Lead Securitization Note Holder (or its Note Holder Representative), within the same time frame it is required to provide to
the Lead Securitization Directing Certificateholder (for this purpose, without regard to whether such items are actually required to be
provided to the Lead Securitization Directing Certificateholder under the Lead Securitization Servicing Agreement due to the occurrence
of a Control Termination Event or a Consultation Termination Event) and (ii) use reasonable efforts to consult with each Non-Controlling
Note Holder (or its Non-Controlling Note Holder Representative) on a strictly non-binding basis, to the extent having received such notices,
information and reports, such Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative) requests consultation with
respect to any such Major Decisions or the implementation of any recommended actions outlined in an Asset Status Report relating to the
Mortgage Loan, and consider alternative actions recommended by such Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative);
provided that after the expiration of a period of ten (10) Business Days from the delivery to such Non-Controlling Note Holder
(or its Non-Controlling Note Holder Representative) by the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer
acting on its behalf) of written notice of a proposed action, together with copies of the notice, information and report required to be
provided to the Lead Securitization Directing Certificateholder, 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 non-binding

    	 	-29-	 

    	 

    

consultation rights of each Non-Controlling
Note Holder (or its Non-Controlling Note Holder Representative) set forth in the immediately preceding sentence, the Lead Securitization
Note Holder (or Master Servicer or Special Servicer, acting on its behalf) may make any Major Decision or take any action set forth in
the Asset Status Report before the expiration of the aforementioned ten (10) Business Day period if the Lead Securitization Note Holder
(or Master Servicer or Special Servicer, as applicable) determines that immediate action with respect thereto is necessary to protect
the interests of the Note Holders. In no event shall the Lead Securitization Note Holder (or Master Servicer or Special Servicer, acting
on its behalf) be obligated at any time to follow or take any alternative actions recommended by a Non-Controlling Note Holder (or its
Non-Controlling Note Holder Representative).

In addition to the non-binding
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) with the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting
on its behalf), upon reasonable notice and at times reasonably acceptable to the Master Servicer or the Special Servicer, as applicable,
in which servicing issues related to the Mortgage Loan are discussed.

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

Anything
herein or in the Lead Securitization Servicing Agreement to the contrary notwithstanding, if one of the Notes is included in a REMIC
and another 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 any other Note Holder be reduced to offset or make-up any
such payment or deficit.

    	 	-30-	 

    	 

    

Section 6.               
Note Holder Representatives.

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

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

    	 	-31-	 

    	 

    

Holder, as the case may be, acting in such
capacity, agree to take no action against the Controlling Note Holder Representative, the Controlling Note Holder or any of their respective
officers, directors, employees, principals or agents as a result of such special relationships or interests, and that neither the Controlling
Note Holder Representative nor the Controlling Note Holder will be deemed to have been grossly negligent or reckless, or to have acted
in bad faith or engaged in willful misfeasance or to have recklessly disregarded any exercise of its rights, or to have breached this
Agreement, by reason of its having acted or refrained from acting, or having given any consent or having failed to give any consent, solely
in the interests of any Note Holder.

Each Non-Controlling Note
Holder shall provide notice of its identity and contact information (including any change thereof) to the Trustee, Certificate Administrator,
the Master Servicer and the Special Servicer under the Lead Securitization Servicing Agreement; provided, that each Initial Note Holder
shall be deemed to have provided such notice on the date hereof. The Trustee, Certificate Administrator, the Master Servicer and the Special
Servicer under the Lead Securitization Servicing Agreement shall be entitled to conclusively rely on such identity and contact information
received by it and shall not be liable in respect of any deliveries hereunder sent in reliance thereon.

Each Non-Controlling Note
Holder shall have the right at any time to appoint a representative in connection with the exercise of its rights and obligations with
respect to the Mortgage Loan (with respect to such Note Holder, the “Non-Controlling Note Holder Representative”).
All of the provisions relating to the Controlling Note Holder and the Controlling Note Holder Representative set forth in the first paragraph
of this Section 6(a) (except those contained in the last sentence thereof) and the second paragraph of this Section 6(a)
shall apply to each Non-Controlling Note Holder and its Non-Controlling Note Holder Representative mutatis mutandis.

For so long as the Lead Securitization
Note is included in the Lead Securitization, the “Directing Certificateholder” under the Lead Securitization Servicing Agreement
(or any other party designated under the Lead Securitization Servicing Agreement to exercise the rights of the Controlling Note Holder
hereunder) shall be the Controlling Note Holder Representative.

(b)                  
The Controlling Note Holder shall be entitled to exercise the rights and powers granted to the Controlling Note hereunder. In addition,
the Controlling Note Holder shall be entitled to advise (1) the Special Servicer with respect to all matters related to the Mortgage Loan
if it is a Specially Serviced Loan and (2) the Master Servicer and the Special Servicer with respect to all Major Decisions, and, except
as set forth below the Master Servicer and the Special Servicer shall not be permitted to implement or consent to any Major Decision as
to which the Controlling Note Holder has objected in writing within ten (10) Business Days (or thirty (30) days with respect to an Acceptable
Insurance Default) after receipt of the written recommendation and analysis and such additional information requested by the Controlling
Note Holder as may be necessary in the reasonable judgment of the Controlling Note Holder in order to make a judgment with respect to
such Major Decision. The Master Servicer or Special Servicer shall seek the consent of the Controlling Note Holder with respect to any
Major Decision to the same extent that it is responsible under the Lead Securitization Servicing Agreement for seeking the consent of
the Directing Certificateholder with respect to any Major Decision with respect to any other mortgage loan serviced thereunder (assuming
that a “Control Termination Event” or similar event under the

    	 	-32-	 

    	 

    

Lead Securitization Servicing Agreement has
not occurred and is not continuing). The Controlling Note Holder may also direct the Special Servicer to take, or to refrain from taking,
such other actions with respect to the Mortgage Loan as the Controlling Note Holder may deem advisable.

If the Controlling Note Holder
fails to notify the applicable Servicer of its approval or disapproval of any proposed Major Decision within ten (10) Business Days (or
thirty (30) days with respect to an Acceptable Insurance Default) after delivery to the Controlling Note Holder by the applicable Servicer
of written notice of a proposed Major Decision (which notice shall contain a legend, in conspicuous boldface type, substantially similar
to the following: “THIS IS A REQUEST FOR ACTION APPROVAL. IF THE CONTROLLING NOTE HOLDER FAILS TO APPROVE OR DISAPPROVE THE ENCLOSED
ACTION WITHIN TEN (10) BUSINESS DAYS, SUCH ACTION MAY BE DEEMED APPROVED”) together with any information requested by the Controlling
Note Holder as may be necessary in the reasonable judgment of the Controlling Note Holder in order to make a judgment, then upon the expiration
of such ten (10) Business Day period (or thirty (30) days with respect to an Acceptable Insurance Default), such Major Decision shall
be deemed to have been approved by the Controlling Note Holder.

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

No objection, direction,
consent or advice contemplated by the preceding paragraphs may require or cause the Master Servicer or the Special Servicer, as applicable,
to violate any provision of the Mortgage Loan Documents, applicable law, the Lead Securitization Servicing Agreement, this Agreement,
the REMIC Provisions or the Master Servicer or Special Servicer’s obligation to act in accordance with the Servicing Standard.

Section 7.               
Appointment of Special Servicer. The Controlling Note Holder (or its Controlling Note Holder Representative) shall have
the right (subject to the terms, conditions and limitations in the Lead Securitization Servicing Agreement) at any time and from time
to time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint a replacement
Special Servicer with the Required Special Servicer Rating. Any designation by the Controlling Note Holder (or its Controlling Note Holder
Representative) of a Person to serve as Special Servicer shall be made by delivering to each other Note Holder, the Master Servicer, the
Special Servicer and each other party to the Lead Securitization Servicing Agreement a written notice stating such designation and satisfying
the other conditions to such replacement as set forth in the Lead Securitization Servicing Agreement and this Agreement and delivering
a Rating Agency Communication to each Rating Agency (or obtaining a Rating Agency Confirmation from each Rating Agency, but only if required
by the terms of the Lead Securitization Servicing Agreement). The Controlling Note Holder shall be solely responsible for any expenses
incurred in connection with any such replacement without cause. The Controlling

    	 	-33-	 

    	 

    

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 solely with respect
to the Mortgage Loan pursuant to and in accordance with the terms of the Lead Securitization Servicing Agreement. Each Note Holder acknowledges
and agrees that any successor special servicer appointed to replace the Special Servicer with respect to the Mortgage Loan that was terminated
for cause at a Non-Controlling Note Holder’s direction cannot at any time be the person (or an Affiliate thereof) that was so terminated
without the prior written consent of such Non-Controlling Note Holder. Each Non-Controlling Note Holder shall be solely responsible for
reimbursing the Trustee’s or the Controlling Note Holder’s, as applicable, costs and expenses, if not paid within a reasonable
time by the terminated special servicer and, in the case of the Trustee, that would otherwise be reimbursed to the Trustee from amounts
on deposit in the Lead Securitization’s “collection account”.

Section 8.               
Payment Procedure.

(a)              
The Lead Securitization Note Holder (or the Master Servicer acting on its behalf), in accordance with the priorities set forth
in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall deposit or cause to be deposited
all payments allocable to the Notes to the Collection Account and/or related Companion Distribution Account (each as defined in the Lead
Securitization Servicing Agreement) pursuant to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization
Note Holder (or the Master Servicer acting on its behalf) shall deposit such payments to the applicable account within one Business Day
of receipt of properly identified and available funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf)
from or on behalf of the Mortgage Loan Borrower (provided, that to the extent that any payment is received after 2:00 p.m. (Eastern Time)
on any given Business Day, the Master Servicer is required to use commercially reasonable efforts to deposit such payments into the applicable
account within one (1) Business Day of receipt of such properly identified and available funds but, in any event, the Master Servicer
is required to deposit such payments into the applicable account within two (2) Business Days of receipt of such properly identified and
available funds).

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

    	 	-34-	 

    	 

    

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

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

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

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

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

    	 	-35-	 

    	 

    

that each Servicer must act in accordance with
the Servicing Standard and the terms of this Agreement.

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

Section 11.           
Representations of the Note Holders. Each Note Holder represents and warrants that the execution, delivery and performance
of this Agreement is within its corporate powers, has been duly authorized by all necessary corporate action, and does not contravene
such Note Holder’s charter or any law or contractual restriction binding upon such Note Holder, and that this Agreement is the legal,
valid and binding obligation of such Note Holder enforceable against such Note Holder in accordance with its terms, except as such enforcement
may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’
rights generally, and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity
or at law), and except that the enforcement of rights with respect to indemnification and contribution obligations may be limited by applicable
law. Each Note Holder represents and warrants that it is duly organized, validly existing, in good standing and in possession of all licenses
and authorizations necessary to carry on its business. Each Note Holder represents and warrants that (a) this Agreement has been
duly executed and delivered by such Note Holder, (b) to such Note Holder’s actual knowledge, all 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

    	 	-36-	 

    	 

    

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

Section 13.           
Other Business Activities of the Note Holders. Each Note Holder acknowledges that each other Note Holder or its Affiliates
may make loans or otherwise extend credit to, and generally engage in any kind of business with, the Mortgage Loan Borrower or any Borrower
Party, and receive payments on such other loans or extensions of credit to any such party 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)              
Except as otherwise provided in Section 14(c) below, each Note Holder agrees that it will not sell, assign, transfer, pledge, syndicate,
hypothecate, contribute, encumber or otherwise dispose of all or any portion of its respective Note (or a participation interest in such
Note) (a “Transfer”) except to a Qualified Institutional Lender in accordance with the terms of this Agreement. Promptly
after any such Transfer, any non-transferring Note Holders shall be provided with (x) a representation from each transferee or the
transferring Note Holder certifying that such transferee is a Qualified Institutional Lender (except in the case of a Transfer in accordance
with the immediately following sentence or a Transfer by a Note Holder to an entity that constitutes a Qualified Institutional Lender
pursuant to clause (b)(iii) of the definition thereof) 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 (a) obtain the consent of each non-transferring Note Holder and
(b) if any such non-transferring Note Holder’s Note is held in a Securitization Trust, provide each of the applicable engaged Rating
Agencies for such Securitization Trust with a Rating Agency Communication (or, if the transferring Note Holder is the Lead Securitization
Note Holder, obtain a Rating Agency Confirmation from each of the applicable Rating Agencies for such Securitization Trust). Notwithstanding
the foregoing, without each non-transferring Note Holder’s prior consent (which will not be unreasonably withheld), and, if any
non-transferring Note Holder’s Note is held in a Securitization Trust, until a Rating Agency Confirmation is obtained from each
engaged

    	 	-37-	 

    	 

    

Rating Agency for such Securitization Trust,
no Note Holder shall Transfer all or any portion of its Note (or a participation interest in such Note) to the Mortgage Loan Borrower
or a Borrower Party and any such Transfer shall be absolutely null and void and shall vest no rights in the purported transferee. The
transferring Note Holder agrees that it shall pay the expenses of any non-transferring Note Holder (including all expenses of the Master
Servicer, the Special Servicer, the Trustee and any Controlling Note Holder or Controlling Note Holder Representative) and all expenses
relating to any Rating Agency Communication or Rating Agency Confirmation in connection with any such Transfer. Notwithstanding the foregoing,
each Note Holder shall have the right, without the need to obtain the consent of any other Note Holder or of any other Person or having
to provide any Rating Agency Communication or having to obtain any Rating Agency Confirmation, to Transfer 49% or less (in the aggregate)
of its beneficial interest in a Note, other than to the Mortgage Loan Borrower or a Borrower Party. None of the provisions of this Section
14(a) shall apply in the case of (1) a sale of the Lead Securitization Note together with all of the Non-Lead Securitization Notes,
in accordance with the terms and conditions of the Lead Securitization Servicing Agreement or (2) a transfer by the Special Servicer,
in accordance with the terms and conditions of the Lead Securitization Servicing Agreement, of the Mortgage Loan or the Mortgaged Property,
upon the Mortgage Loan becoming a Defaulted Loan, to a single member limited liability or limited partnership, 100% of the equity interest
in which is owned directly or indirectly, through one or more single member limited liability companies or limited partnerships, by the
Lead Securitization Trust.

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

(c)              
Notwithstanding any other provision hereof, any Note Holder may pledge (a “Pledge”) its Note to any entity (other
than the Mortgage Loan Borrower or any Affiliate thereof) which has extended a credit facility to such Note Holder and that is either
a Qualified Institutional Lender or a financial institution whose long-term unsecured debt is rated at least “A” (or the equivalent)
or better by each applicable Rating Agency (or, if not rated by an applicable Rating Agency, an equivalent (or higher) rating from any
two of Fitch, Moody’s and S&P) or to a Person with respect to which a Rating Agency Confirmation has been obtained (any of the
foregoing, a “Note Pledgee”), on terms and conditions set forth in this Section 14(c), it being further
agreed that a financing provided by a Note Pledgee to a Note Holder or any person which Controls such Note that is secured by its Note
and is structured as a repurchase arrangement, shall qualify as a “Pledge” hereunder, provided that a Note Pledgee which is
not a Qualified Institutional Lender may not take title to the pledged Note without a Rating Agency Confirmation. Upon written notice
by the applicable Note Holder to each other Note Holder and any Servicer that a Pledge has been effected (including the name and address
of the applicable Note Pledgee), each other Note Holder agrees to acknowledge receipt of such notice and thereafter agrees: (i) to
give Note Pledgee written notice of any default by the pledging Note Holder in respect of its obligations under this Agreement of which
default such Note Holder has

    	 	-38-	 

    	 

    

actual knowledge; (ii) to allow such
Note Pledgee a period of ten (10) days to cure a default by the pledging Note Holder in respect of its obligations to each other
Note Holder hereunder, but such Note Pledgee shall not be obligated to cure any such default; (iii) that no amendment, modification,
waiver or termination of this Agreement shall be effective against such Note Pledgee without the written consent of such Note Pledgee,
which consent shall not be unreasonably withheld, conditioned or delayed; (iv) that such other Note Holder shall give to such Note
Pledgee copies of any notice of default under this Agreement simultaneously with the giving of same to the pledging Note Holder; (v) that
such other Note Holder shall deliver to Note Pledgee such estoppel certificate(s) as Note Pledgee shall reasonably request, provided that
any such certificate(s) shall be in a form reasonably satisfactory to such other Note Holder; and (vi) that, upon written notice
(a “Redirection Notice”) to each other Note Holder and any Servicer by such Note Pledgee that the pledging Note Holder
is in default, beyond any applicable cure periods, under the pledging Note Holder’s obligations to such Note Pledgee pursuant to
the applicable credit agreement between the pledging Note Holder and such Note Pledgee (which notice need not be joined in or confirmed
by the pledging Note Holder), and until such Redirection Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee shall be
entitled to receive any payments that any Note Holder or Servicer would otherwise be obligated to pay to the pledging Note Holder from
time to time pursuant to this Agreement or the Lead Securitization Servicing Agreement. Any pledging Note Holder hereby unconditionally
and absolutely releases each other Note Holder and any Servicer from any liability to the pledging Note Holder on account of such other
Note Holder’s or Servicer’s compliance with any Redirection Notice believed by any Servicer or such other Note Holder to have
been delivered by a Note Pledgee. A Note Pledgee shall be permitted to exercise fully its rights and remedies against the pledging Note
Holder to such Note Pledgee (and accept an assignment in lieu of foreclosure as to such collateral), in accordance with applicable law
and this Agreement. In such event, the Note Holders and any Servicer shall recognize such Note Pledgee (and any transferee other than
the Mortgage Loan Borrower or any Affiliate thereof which is also a Qualified Institutional Lender at any foreclosure or similar sale
held by such Note Pledgee or any transfer in lieu of foreclosure), and its successor and assigns, as the successor to the pledging Note
Holder’s rights, remedies and obligations under this Agreement, and any such Note Pledgee or Qualified Institutional Lender shall
assume in writing the obligations of the pledging Note Holder hereunder accruing from and after such Transfer (i.e., realization
upon the collateral by such Note Pledgee) and agrees to be bound by the terms and provisions of this Agreement. The rights of a Note Pledgee
under this Section 14(c) shall remain effective as to any Note Holder (and any Servicer) unless and until such Note Pledgee
shall have notified any such Note Holder (and any Servicer, as applicable) in writing that its interest in the pledged Note has terminated.

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

    	 	-39-	 

    	 

    

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

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

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

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

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

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

    	 	-40-	 

    	 

    

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

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

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

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

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

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

Section 18.           
Modifications. This Agreement shall not be modified, cancelled or terminated except by an instrument in writing signed by
each Note Holder. Additionally, for as long as any Note is contained in a Securitization Trust, the Note Holders shall not amend or modify
this Agreement without first obtaining a Rating Agency Confirmation from each Rating Agency then rating any securities of any Securitization;
provided that no such Rating Agency Confirmation shall be required in connection with a modification (i) to cure any ambiguity,
to correct or supplement any provisions herein that may be defective or inconsistent with any other provisions

    	 	-41-	 

    	 

    

herein or with the Lead Securitization Servicing
Agreement, or (ii) with respect to matters or questions arising under this Agreement, to make provisions of this Agreement consistent
with other provisions of this Agreement (including, without limitation, in connection with the creation of New Notes pursuant to Section 32).

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

Section 20.           
Counterparts. This Agreement may be executed in counterparts, each of which when so executed shall be deemed to be an original
and all of which when taken together shall constitute one and the same instrument, and the words “executed,” “signed,”
“signature,” and words of like import as used above and elsewhere in this Agreement or in any other certificate, agreement
or document related to this transaction shall include, in addition to manually executed signatures, images of manually executed signatures
transmitted by facsimile or other electronic format (including, without limitation, “pdf”, “tif” or “jpg”)
and other electronic signatures (including, without limitation, any electronic sound, symbol, or process, attached to or logically associated
with a contract or other record and executed or adopted by a person with the intent to sign the record). The use of electronic signatures
and electronic records (including, without limitation, any contract or other record created, generated, sent, communicated, received,
or stored by electronic means) shall be of the same legal effect, validity and enforceability as a manually executed signature or use
of a paper-based record-keeping system to the fullest extent permitted by applicable law, including the Federal Electronic Signatures
in Global and National Commerce Act, the New York State Electronic Signatures and Records Act and any other applicable law, including,
without limitation, any state law based on the Uniform Electronic Transactions Act or the Uniform Commercial Code.

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.

    	 	-42-	 

    	 

    

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

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

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

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

    	 	-43-	 

    	 

    

Securitization Note Holder an Internal
Revenue Service Form W-9 and (ii) if a Note Holder is not created or organized under the laws of the United States, any state thereof
or the District of Columbia, and if the payment of interest or other amounts by the Mortgage Loan Borrower is treated for United States
income tax purposes as derived in whole or part from sources within the United States, such Note Holder shall satisfy the requirements
of the preceding sentence by furnishing to the Lead Securitization Note Holder Internal Revenue Service Form W-8ECI, Form W-8IMY (with
appropriate attachments), Form W-8BEN or Form W-8BEN-E, or successor forms, as may be required from time to time, duly executed by such
Note Holder, as evidence of such Note Holder’s exemption from the withholding of United States tax with respect thereto. The Lead
Securitization Note Holder shall not be obligated to make any payment hereunder with respect to any Non-Lead Securitization Note or otherwise
until the holder of such Note shall have furnished to the Lead Securitization Note Holder requested forms, certificates, statements or
documents.

Section 25.           
Custody of Mortgage Loan Documents. Prior to the Lead Securitization Date, the originals of all of the Mortgage Loan Documents
(other than the Notes, which will be held by the respective Note Holders or their designated custodians) will be held by the Initial Agent
(or a duly appointed interim servicer or custodian on its behalf) on behalf of the registered holders of the Notes. On and after the Lead
Securitization Date, the originals of all of the Mortgage Loan Documents (other than the Notes, which will be held by the respective Note
Holders or their designated custodians) shall be held in the name of the Trustee (and held by a duly appointed custodian therefor) under
the Lead Securitization Servicing Agreement, on behalf of the registered holders of the Notes.

Section 26.           
Cooperation in Securitization.

(a)              
Each Note Holder acknowledges that any Note Holder may elect, in its sole discretion, to include its Note in a Securitization.
In connection with a Securitization and subject to the terms of the preceding sentence, at the request of the related Securitizing Note
Holder, each related Non-Securitizing Note Holder shall use reasonable efforts, at such Securitizing Note Holder’s expense, to satisfy,
and to cooperate with such Securitizing Note Holder in attempting to cause the Mortgage Loan Borrower to satisfy, the market standards
to which such Securitizing Note Holder customarily adheres or that may be reasonably required in the marketplace or by the Rating Agencies
in connection with such Securitization, including, entering into (or consenting to, as applicable) any modifications to this Agreement
or the Mortgage Loan Documents and to cooperate with such Securitizing Note Holder in attempting to cause the Mortgage Loan Borrower to
execute such modifications to the Mortgage Loan Documents, in any such case, as may be reasonably requested by the Rating Agencies to
effect such Securitization; provided, that no Non-Securitizing Note Holder shall be required to modify or amend this Agreement
or any Mortgage Loan Documents (or consent to such modification, as applicable) in connection therewith, if such modification or amendment
would (i) change the interest allocable to, or the amount of any payments due to or priority of such payments to, such Non-Securitizing
Note Holder or (ii) materially increase such Non-Securitizing Note Holder’s obligations or materially decrease such Non-Securitizing
Note Holder’s rights, remedies or protections. In connection with any Securitization, each related Non-Securitizing Note Holder
shall provide for inclusion in any disclosure document relating to such Securitization such information concerning such Non-Securitizing
Note Holder and its Note as the related

    	 	-44-	 

    	 

    

Securitizing Note Holder reasonably determines
to be necessary or appropriate, and such Non-Securitizing Note Holder shall, at the Securitizing Note Holder’s expense, cooperate
with the reasonable requests of each Rating Agency and such Securitizing Note Holder in connection with such Securitization (including,
without limitation, reasonably cooperating with the Securitizing Note Holder (without any obligation to make additional representations
and warranties) to enable the Securitizing Note Holder to make all necessary certifications and deliver all necessary opinions (including
customary securities law opinions) in connection with the Mortgage Loan and such Securitization), as well as in connection with all other
matters and the preparation of any offering documents thereof and to review and respond reasonably promptly with respect to any information
relating to such Non-Securitizing Note Holder and its Note in any Securitization document. Each Note Holder acknowledges that in connection
with any Securitization, the information provided by it in its capacity as a Non-Securitizing Note Holder to the related Securitizing
Note Holder may be incorporated into the offering documents for such Securitization. Each Securitizing Note Holder and each Rating Agency
shall be entitled to rely on the information supplied by, or on behalf of, each Non-Securitizing Note Holder. The Securitizing Note Holder
shall reasonably cooperate with each Non-Securitizing Note Holder by providing all information reasonably requested that is in the Securitizing
Note Holder’s possession in connection with such Non-Securitizing Note Holder’s preparation of disclosure materials in connection
with a Securitization.

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

Section 27.           
Notices. All notices required hereunder shall be given by (i)  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.

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 documents 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;

    	 	-45-	 

    	 

    

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

Section 32.           
Resizing. Notwithstanding any other provision of this Agreement, for so long as any Note Holder or an affiliate thereof
(an “Original Entity”) is the owner of any Non-Lead Securitization Note that is not included in a Securitization (each,
an “Owned Note”), such Original Entity shall have the right, subject to the terms of the Mortgage Loan Documents, to
cause the Mortgage Loan Borrower to execute amended and restated notes or additional notes (in each case, as applicable, “New
Notes”) reallocating the principal of an Owned Note to such New Notes; or severing an Owned Note into one or more further “component”
notes in the aggregate principal amount equal to the then outstanding principal balance of such Owned Note provided that (i) the aggregate
principal balance of all outstanding New Notes following such amendments is no greater than the aggregate principal of such Owned Note
prior to such

    	 	-46-	 

    	 

    

amendments, (ii) all Notes continue to have
the same weighted average interest rate as the Notes prior to such amendments, (iii) all Notes pay pro rata and on a pari passu
basis and such reallocated or component notes shall be automatically subject to the terms of this Agreement, (iv) the Original Entity
holding the New Notes shall notify each other Note Holder, the Master Servicer, the Special Servicer, the Certificate Administrator and
the Trustee in writing of such modified allocations and principal amounts, and (v) the execution of such amendments and New Notes does
not violate the Servicing Standard. If the Lead Securitization Note Holder so requests, the Original Entity holding the New Notes (and
any subsequent holder of such Notes) shall execute a confirmation of the continuing applicability of this Agreement to the New Notes,
as so modified. Except for the foregoing reallocation and for modifications pursuant to the Lead Securitization Servicing Agreement (as
discussed in Section 5), no Note may be modified or amended without the consent of its holder and the consent of the holder of
each other Note. In connection with the foregoing (provided the conditions set forth in clauses (i) through (v) above are
satisfied, with respect to clauses (i) through (iv), as certified by the Original Entity, on which certification the Master
Servicer can rely), the Master Servicer is hereby authorized and directed to execute amendments to the Mortgage Loan Documents and this
Agreement on behalf of any or all of the Note Holders, as applicable, solely for the purpose of reflecting such reallocation of principal
and that each New Note shall be a “Note” hereunder and for the purpose of adding and modifying any definitions related thereto.
If more than one New Note is created hereunder, for purposes of exercising the rights of a Controlling Note Holder or Non-Controlling
Note Holder hereunder, the “Controlling Note Holder” or “Non-Controlling Note Holder”, as applicable, shall be
as provided in the definitions of such terms in this Agreement; provided that the Controlling Note Holder shall be entitled to
designate any New Note created from the existing Controlling Note to be a Non-Controlling Note hereunder.

[SIGNATURE PAGE FOLLOWS]

    	 	-47-	 

    	 

    

IN WITNESS WHEREOF, each
of the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, and the Note A-4 Holder has caused this Agreement to be duly executed
as of the day and year first above written.

 

	 	CITI REAL ESTATE FUNDING INC.,
	 	as Note A-1 Holder
	 	 
	 	 
	 	 By:  	/s/ Tina Lin
	 	 	Name: Tina Lin 	
	 	 	Title:   Vice President	 
	 	 	 	 
	 	 	 	 
	 	CITI REAL ESTATE FUNDING INC.,
	 	as Note A-2 Holder
	 	 
	 	 
	 	 By:  	/s/ Tina Lin 
	 	 	Name: Tina Lin 	
	 	 	Title:   Vice President	 
	 	 	 	 
	 	 	 	 
	 	BARCLAYS BANK PLC,
	 	as Note A-3 Holder
	 	 
	 	 
	 	 By:  	/s/ Sabrina Khable
	 	 	Name:  Sabrina Khable 	
	 	 	Title:   Authorized Signatory 	 
	 	 	 	 
	 	 	 	 
	 	BARCLAYS BANK PLC,
	 	as Note A-4 Holder
	 	 
	 	 
	 	 By:  	/s/  Sabrina Khable
	 	 	Name:  Sabrina Khable 	
	 	 	Title:   Authorized Signatory	 
	 	 	 	 
	 	 	 	 

 

Moonwater Portfolio — Agreement Between Note Holders

    	 		 

    	 

    

 

EXHIBIT A

MORTGAGE LOAN SCHEDULE

Description of Mortgage Loan

	Mortgage Loan Borrower:	PREH POWER HOUSE TSSP LLC, POWER HOUSE TSSP, LLC, and MRK POWER HOUSE TSSP LLC, individually and/or collectively, as the context may require
	Date of Mortgage Loan: 	December 30, 2021
	Date of Notes: 	December 30, 2021
	Original Principal Amount of Mortgage Loan:	$116,000,000
	Principal Amount of Mortgage Loan as of the date hereof:	$116,000,000
	Note A-1 Principal Balance:	$40,000,000
	Note A-2 Principal Balance:	$23,000,000
	Note A-3 Principal Balance:	$35,000,000
	Note A-4 Principal Balance:	$18,000,000
	Location of Mortgaged Property:	Las Vegas, Nevada
	Initial Maturity Date:	January 6, 2032

    	 	A-1	 

    	 

    

EXHIBIT B

Note A-1 and Note A-2 Holder

 

Citi Real Estate Funding Inc.

390 Greenwich Street, 6th Floor

New York, New York 10013

Attention: Richard Simpson

Facsimile number: (646) 328-2943

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

 

with copies to:

 Citi Real Estate Funding Inc.

390 Greenwich Street, 7th Floor

New York, New York 10013

Attention: Raul Orozco

Facsimile number: (347) 394-0898

with an electronic copy emailed to: raul.d.orozco@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

 

Note A-3 Holder and Note A-4 Holder:

Barclays Bank PLC

745 Seventh Avenue

New York, New York 10019

Attention: Sabrina Khabie

 

    	 	B-1	 

    	 

    

EXHIBIT C

PERMITTED FUND MANAGERS

		1.	Alliance Bernstein

		2.	Annaly Capital Management

		3.	Apollo Real Estate Advisors

		4.	Archon Capital, L.P.

		5.	AREA Property Partners

		6.	Artemis Real Estate Partners

		7.	BlackRock, Inc.

		8.	Capital Trust, Inc.

		9.	Clarion Partners

		10.	CreXus Investment Corporation/Annaly Capital Management

		11.	DigitalBridge Group, Inc.

		12.	DLJ Real Estate Capital Partners

		13.	Dune Real Estate Partners

		14.	Eightfold Real Estate Capital, L.P.

		15.	Five Mile Capital Partners

		16.	Fortress Investment Group LLC

		17.	Garrison Investment Group

		18.	Goldman, Sachs & Co.

		19.	H/2 Capital Partners LLC

		20.	Hudson Advisors

		21.	Investcorp International

		22.	iStar Financial Inc.

		23.	J.P. Morgan Investment Management Inc.

		24.	JER Partners

		25.	Lend-Lease Real Estate Investments

		26.	Libermax Capital LLC

		27.	LoanCore Capital

		28.	Lone Star Funds

		29.	Lowe Enterprises

		30.	Normandy Real Estate Partners

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

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

		33.	Praedium Group

		34.	Raith Capital Partners, LLC

		35.	Rialto Capital Management, LLC

		36.	Rialto Capital Advisors LLC

		37.	Rimrock Capital Management LLC

		38.	Rockpoint Group

		39.	Rockwood

		40.	RREEF Funds

		41.	Square Mile Capital Management

		42.	Starwood Capital Group/Starwood Financial Trust

		43.	The Blackstone Group

		44.	The Carlyle Group

    	 	C-1	 

    	 

    

		45.	Torchlight Investors

		46.	Walton Street Capital, L.L.C.

		47.	Westbrook Partners

		48.	WestRiver Capital

		49.	Wheelock Street Capital

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

 

    	 	C-2Exhibit 4.16

EXECUTION VERSION

 

 

Novo Nordisk North American HQ

AMENDED AND RESTATED CO-LENDER AGREEMENT

Dated as of February 16, 2022

between

MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK,
NATIONAL ASSOCIATION, AS MASTER SERVICER ON BEHALF OF WILMINGTON TRUST, NATIONAL ASSOCIATION, AS TRUSTEE, FOR THE BENEFIT OF THE REGISTERED
HOLDERS OF BENCHMARK 2021-B31 MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2021-B31, AND THE UNCERTIFICATED VRR
INTEREST OWNERS

(Note A-1 Holder)

DBR INVESTMENTS CO. LIMITED

(Note A-2 Holder)

DBR INVESTMENTS CO. LIMITED

(Note A-3-1 Holder)

DBR INVESTMENTS CO. LIMITED

(Note A-3-2 Holder)

DBR INVESTMENTS CO. LIMITED

(Note A-4-1 Holder)

and

DBR INVESTMENTS CO. LIMITED

(Note A-4-2 Holder)

 

 

     

     

    

TABLE OF CONTENTS

Page

	1.	Definitions; Conflicts.	2
	2.	Servicing of the Mortgage Loan.	17
	3.	Priority of  Notes.	19
	4.	Workout.	20
	5.	Accounts; Payment Procedure.	20
	6.	Limitation on Liability.	21
	7.	Representations of the Holders.	21
	8.	Independent Analyses of each Holder.	22
	9.	No Creation of a Partnership or Exclusive Purchase Right.	22
	10.	Not a Security.	22
	11.	Other Business Activities of the Holders.	22
	12.	Transfer of Notes.	22
	13.	Exercise of Remedies by the Servicer.	24
	14.	Rights of the Directing Holder.	26
	15.	Appointment of Special Servicer.	28
	16.	Rights of the Non-Directing Holders.	28
	17.	Advances; Reimbursement of Advances.	29
	18.	Provisions Relating to Securitization.	30
	19.	Governing Law; Waiver of Jury Trial.	38
	20.	Modifications.	38
	21.	Successors and Assigns; Third Party Beneficiaries.	39
	22.	Counterparts.	39
	23.	Captions.	39
	24.	Notices.	39
	25.	Custody of Mortgage Loan Documents/ Mortgagee of Record.	39

 

    -i- 

     

    

THIS AMENDED AND RESTATED
CO-LENDER AGREEMENT (the “Agreement”), dated as of February 16, 2022, is between MIDLAND LOAN SERVICES, A DIVISION
OF PNC BANK, NATIONAL ASSOCIATION, AS MASTER SERVICER ON BEHALF OF WILMINGTON TRUST, NATIONAL ASSOCIATION, AS TRUSTEE, FOR THE BENEFIT
OF THE REGISTERED HOLDERS OF BENCHMARK 2021-B31 MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2021-B31, AND THE
UNCERTIFICATED VRR INTEREST OWNERS, and DBR INVESTMENTS CO. LIMITED, an Exempted Company incorporated in the Cayman Islands
(“DBRI”), having an address at 1 Columbus Circle, New York, New York 10019, as Note A-1 Holder, DBRI as Note A-2
Holder, DBRI as Note A-3-1 Holder, DBRI as Note A-3-2 Holder, DBRI as Note A-4-1 Holder and DBRI as Note A-4-2 Holder.

W I T N E S E T H:

WHEREAS, DBRI has made
a mortgage loan in the original principal amount of $210,667,000 (the “Mortgage Loan”) to PRINCETON HD OWNER LLC, a
Delaware limited liability company (the “Borrower”), pursuant to a loan agreement between the Borrower, as borrower,
and DBRI, as lender, dated as of November 5, 2021 (the “Loan Agreement”), which was originally evidenced, inter
alia, by (i) a promissory note in the original principal amount of $75,000,000 (“Note A-1”) made by the Borrower
in favor of DBRI, (ii) a promissory note in the original principal amount of $47,500,000 (“Note A-2”) made by the Borrower
in favor of DBRI, (iii) a promissory note in the original principal amount of $25,000,000 (“Note A-3”) made by the
Borrower in favor of DBRI and (iv) a promissory note in the original principal amount of $63,167,000 (“Note A-4”) made
by the Borrower in favor of DBRI, each secured by a first mortgage (as amended, modified or supplemented, the “Mortgage”)
on the property known as Novo Nordisk North American HQ, located in Plainsboro, New Jersey (the “Mortgaged Property”);

WHEREAS, (i) Note A-3 has
been split and replaced by two promissory notes, a promissory note with an outstanding principal amount of $12,500,000 (“Note
A-3-1”) and a promissory note with an outstanding principal amount of $12,500,000 (“Note A-3-2”), and (ii)
Note A-4 will be split and replaced by two promissory notes, a promissory note with an outstanding principal amount of $41,000,000 (“Note
A-4-1”) and a promissory note with an outstanding principal amount of $22,167,000 (“Note A-4-2”, collectively
with Note A-1, Note A-2, Note A-3-1, Note A-3-2 and Note A-4-1, the “Notes”, and each a “Note”)

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

WHEREAS, the parties hereto
desire to enter into this Agreement to memorialize the terms under which they, and their successors and assigns, shall hold Note A-1,
Note A-2, Note A-3-1, Note A-3-2, Note A-4-1 and Note A-4-2, respectively;

     

     

    

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

1.   Definitions; Conflicts.
References to a “Section” or the “recitals” are, unless otherwise specified, to a Section or the recitals of this
Agreement. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed thereto in the Servicing Agreement.
To the extent of any inconsistency between this Agreement and the Servicing Agreement, this Agreement shall control. Whenever used in
this Agreement, the following terms shall have the respective meanings set forth below unless the context clearly requires otherwise.

“Accelerated Mezzanine
Loan” shall mean any mezzanine loan (secured by a pledge of the direct (or indirect) equity interests in the Mortgagor) related
to the Mortgage Loan if such mezzanine loan either (i) has been accelerated, or (ii) is the subject of foreclosure proceedings against
the related collateral for such mezzanine loan.

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

“Advance”
shall mean any P&I Advance or Property Advance made with respect to any of the Notes, the Mortgage Loan or the Mortgaged Property
pursuant to the Note A-1 PSA, Note A-2 PSA, Note A-3-1 PSA, Note A-3-2 PSA, Note A-4-1 PSA and Note A-4-2 PSA.

“Affiliate”
shall mean, (i) prior to the occurrence of the Lead Securitization, with respect to any specified Person, (a) any other Person controlling
or controlled by or under common control with such specified Person (each, a “Common Control Party”), (b) any
other Person owning, directly or indirectly, ten percent (10%) or more of the beneficial interests in such Person or (c) any other
Person in which such Person or a Common Control Party owns, directly or indirectly, ten percent (10%) or more of the beneficial interests
(and, for the purposes of the definition in this clause (i), “control” when used with respect to any specified Person means
the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities,
by contract, relation to individuals or otherwise, and the terms “controlling” and “controlled” have meanings
correlative to the foregoing), and (ii) following the occurrence of the Lead Securitization, shall have the meaning assigned thereto in
the Lead Securitization Servicing Agreement.

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

“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.

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

“Borrower Party”
shall mean (i) prior to the occurrence of the Lead Securitization, either (a) the Borrower, the Mortgagor or the manager of the Mortgaged
Property

    -2-

     

    

or any Affiliate of any of the foregoing or
(b) a holder or beneficial owner of any Accelerated Mezzanine Loan or any Affiliate of any of the foregoing, and (ii) following the occurrence
of the Lead Securitization, shall have the meaning assigned to the term “Borrower Restricted Party” or “Borrower Party”,
as applicable, in the Lead Securitization Servicing Agreement.

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

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

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

“Certificate Administrator
Fees” shall have the meaning given to such term or an analogous term in the Note A-1 PSA, Note A-2 PSA, Note A-3-1 PSA, Note
A-3-2 PSA, Note A-4-1 PSA or Note A-4-2 PSA.

“Certificates”
shall mean any securities issued in connection with the Note A-1 Securitization, the Note A-2 Securitization, the Note A-3-1 Securitization,
the Note A-3-2 Securitization, the Note A-4-1 Securitization or the Note A-4-2 Securitization.

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

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

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

“Commission”
shall have the meaning assigned to such term in Section 18(b)(ix).

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

“Custodian”
shall mean the custodian under the Lead Securitization Servicing Agreement.

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

    -3-

     

    

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

“Depositor”
shall mean (i) with respect to the Note A-1 Securitization, the depositor under the Note A-1 PSA, (ii) with respect to
the Note A-2 Securitization, the depositor under the Note A-2 PSA, (iii) with respect to the Note A-3-1 Securitization,
the depositor under the Note A-3-1 PSA, (iv) with respect to the Note A-3-2 Securitization, the depositor under the Note A-3-2
PSA, (v) with respect to the Note A-4-1 Securitization, the depositor under the Note A-4-1 PSA and (vi) with respect to the
Note A-4-2 Securitization, the depositor under the Note A-4-2 PSA.

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

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

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

“Excluded Amounts”
shall mean:

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

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

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

provided, however, that Excluded Amounts shall
not include (A) any amounts received in respect of any P&I Advances (and interest thereon), (B) any “servicing fee”
due to the Master Servicer under the Servicing Agreement in respect of the Mortgage Loan (or any portion thereof) other than the Servicing
Fee and (C) any Trustee Fees, Certificate Administrator Fees or Operating Advisor Fees.

    -4-

     

    

“First Securitization”
shall mean the Securitization with the earliest Securitization Date.

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

“Hazardous Materials”
shall mean any dangerous, toxic or hazardous pollutants, chemicals, wastes, or substances, including, without limitation, those so identified
pursuant to the Comprehensive Environmental Response, Compensation, and Liability Act, 42 U.S.C. § 9601 et seq., or any
other environmental laws now existing, and specifically including, without limitation, asbestos and asbestos-containing materials, polychlorinated
biphenyls (“PCBs”), radon gas, petroleum and petroleum products, urea formaldehyde and any substances classified as
being “in inventory,” “usable work in process” or similar classification which would, if classified as unusable,
be included in the foregoing definition.

“Holder”
shall mean each of the Note A-1 Holder, the Note A-2 Holder, the Note A-3-1 Holder, the Note A-3-2 Holder, the Note A-4-1 Holder and the
Note A-4-2 Holder.

“Initial Note Holder”
shall mean each of the Note A-1 Holder, the Note A-2 Holder, the Note A-3-1 Holder, the Note A-3-2 Holder, the Note A-4-1 Holder and the
Note A-4-2 Holder named on the cover page hereof.

“Intervening Trust
Vehicle” shall mean, with respect to any Securitization Vehicle that is a CLO, a trust vehicle or entity which holds Note A-1,
Note A-2, Note A-3-1, Note A-3-2, Note A-4-1 or Note A-4-2 as collateral securing (in whole or in part) any obligation or security held
by such Securitization Vehicle as collateral for the CLO.

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

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

“Lead Note”
shall mean each Note held by the Lead Securitization.

“Lead Note Holder”
shall mean the Holder of the Lead Note(s).

“Lead Securitization”
shall mean the Note A-1 Securitization; provided, that in the event the Note A-1 Securitization is not the First Securitization,
then from and after the closing date of the First Securitization until the Note A-1 Securitization Date, the Lead Securitization shall
be the First Securitization.

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

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

“Lead Securitization
Servicing Agreement” shall mean the PSA executed and delivered in connection with the Lead Securitization.

    -5-

     

    

“Lead Servicer”
shall mean the servicer and/or special servicer designated under the Lead Securitization Servicing Agreement.

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

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

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

“Major Decision”
shall have the meaning given to such term or any analogous term in the Lead Securitization Servicing Agreement; provided that, at any
time that none of Note A-1, Note A-2, Note A-3-1, Note A-3-2, Note A-4-1 or Note A-4-2 is included in the Lead Securitization, “Major
Decision” shall mean, any of the following,

(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 as come into and continue in default;

(ii)       any
modification, consent to a modification or waiver of a monetary term or material non-monetary term (including, without limitation, the
timing of payments and acceptance of discounted payoffs but excluding Penalty Charges) of the Mortgage Loan or any extension of the Maturity
Date of the Mortgage Loan;

(iii)       any
sale of the Defaulted Mortgage Loan or REO Property (other than in connection with the termination of the Lead Securitization Trust) for
less than the applicable Repurchase Price (as defined in the Servicing Agreement);

(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 as required pursuant to the specific terms of the related Mortgage Loan and for which there is no material lender
discretion;

(vi)       any
waiver of a “due-on-sale” or “due-on-encumbrance” clause with respect to the Mortgage Loan or any consent to such
waiver or consent to a transfer of the Mortgaged Property or interests in the 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 Loan Agreement;

(vii)       any
property management company changes (with respect to the Mortgage Loan (i) with an unpaid principal balance greater than $2,500,000 or
(ii) where the successor property manager is affiliated with the Borrower) or franchise changes with

    -6-

     

    

respect to the Mortgage Loan for which
the lender is required to consent or approve under the Mortgage Loan Documents;

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

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

(x)       any
determination of an Acceptable Insurance Default;

(xi)       the
determination of the Special Servicer to transfer the Mortgage Loan to special servicing due to an imminent default;

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

(xiii)       any
modification, waiver or amendment of an intercreditor agreement, co-lender agreement, participation agreement or similar agreement with
any mezzanine lender, holder of a Note or other subordinate debt holder related to the Mortgage Loan, or an action to enforce rights with
respect thereto, in each case, in a manner that materially and adversely affects the holders of the Lead Note.

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

“Master Servicer
Remittance Date” shall mean, with respect to each Non-Lead Note, (i) prior to the related Non-Lead Securitization, the “master
servicer remittance date” as such term is defined in the applicable Servicing Agreement, and (ii) from and after the related Non-Lead
Securitization, the earlier of (x) the “master servicer remittance date” as such term is defined in the Lead Securitization
Servicing Agreement, and (y) the business day following the related Non-Lead Securitization Determination Date, in each case above in
this definition as long as such date is at least one Business Day after the Monthly Payment Date (as defined in the Loan Agreement).

For the avoidance of doubt,
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 18(b)(x) below.

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

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

    -7-

     

    

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

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

“Mortgage Interest
Rate” shall mean the Mortgage Interest Rate set forth in the Mortgage Loan Schedule with respect to each of Note A-1, Note A-2,
Note A-3-1, Note A-3-2, Note A-4-1 and Note A-4-2.

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

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

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

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

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

“Non-Directing Holder”
shall mean the Holder(s) of more than a fifty percent (50%) percentage interest in any Note other than Note A-1, and if such Note has
been included in a Securitization, the holders of Certificates representing the specified interest in the class of Certificates designated
as the “controlling class” or the duly appointed representative of the holders of such Certificates or such other party otherwise
entitled under each Non-Lead Securitization Servicing Agreement to exercise the rights granted to the related Non-Directing Holder
in this Agreement. If a Non-Lead Note is not in a Securitization, the Non-Directing Holder with respect to such Note will be the then-current
Holder of such Note.

“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 related Non-Lead Securitization Servicing Agreement.

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

“Non-Lead Depositor”
shall mean the applicable “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.

    -8-

     

    

“Non-Lead Note Holders”
shall mean each Holder other than (a) the Lead Note Holder or (b) a Holder of any Note that is not the Lead Note but is held by the Lead
Securitization.

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

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

“Non-Lead Securitization
Servicing Agreement” shall mean each PSA that is not the Lead Securitization Servicing Agreement.

“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 any Non-Lead Securitization Servicing Agreement.

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

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

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

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

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

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

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

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

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

    -9-

     

    

“Note A-1 Trust
Fund” shall mean the trust formed pursuant to the Note A-1 PSA.

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

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

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

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

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

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

“Note A-2 Trust
Fund” shall mean the trust formed pursuant to the Note A-2 PSA.

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

“Note A-3-1
Holder” shall mean DBRI or any subsequent holder of Note A-3-1.

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

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

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

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

“Note A-3-1
Trust Fund” shall mean the trust formed pursuant to the Note A-3-1 PSA.

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

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“Note A-3-2 Holder”
shall mean DBRI or any subsequent holder of Note A-3-2.

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

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

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

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

“Note A-3-2 Trust
Fund” shall mean the trust formed pursuant to the Note A-3-2 PSA.

“Note A-4-1”
shall have the meaning assigned such term in the recitals.

“Note A-4-1 Holder”
shall mean DBRI or any subsequent holder of Note A-4-1.

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

“Note A-4-1 PSA”
shall mean the “pooling and servicing agreement” entered into in connection with the Note A-4-1 Securitization.

“Note A-4-1 Securitization”
shall mean the first sale by the Note A-4-1 Holder of all or a portion of Note A-4-1 to a depositor who will in turn include all or such
portion of Note A-4-1 (as applicable) as part of the securitization of one or more mortgage loans.

“Note A-4-1 Securitization
Date” shall mean the closing date of the Note A-4-1 Securitization.

“Note A-4-1 Trust
Fund” shall mean the trust formed pursuant to the Note A-4-1 PSA.

“Note A-4-2”
shall have the meaning assigned such term in the recitals.

“Note A-4-2 Holder”
shall mean DBRI or any subsequent holder of Note A-4-2.

“Note A-4-2 Principal
Balance” shall mean, at any time of determination, the initial Note A-4-2 Principal Balance as set forth in the Mortgage Loan
Schedule, less any

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

“Note A-4-2 PSA”
shall mean the “pooling and servicing agreement” entered into in connection with the Note A-4-2 Securitization.

“Note A-4-2 Securitization”
shall mean the first sale by the Note A-4-2 Holder of all or a portion of Note A-4-2 to a depositor who will in turn include all or such
portion of Note A-4-2 (as applicable) as part of the securitization of one or more mortgage loans.

“Note A-4-2 Securitization
Date” shall mean the closing date of the Note A-4-2 Securitization.

“Note A-4-2 Trust
Fund” shall mean the trust formed pursuant to the Note A-4-2 PSA.

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

“Operating Advisor”
shall mean each operating advisor under the Lead Securitization Servicing Agreement.

“Operating Advisor
Fees” shall have the meaning given to such term or an analogous term in each of the Note A-1 PSA, Note A-2 PSA, Note A-3-1 PSA,
Note A-3-2 PSA, Note A-4-1 PSA and Note A-4-2 PSA.

“P&I Advance”
shall mean an advance made by a party to the Note A-1 PSA, Note A-2 PSA, Note A-3-1 PSA, Note A-3-2 PSA, Note A-4-1 PSA and Note A-4-2
PSA, as applicable, with respect to a delinquent monthly debt service payment on the Notes included in the related Securitization.

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

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

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

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

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

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

“PSA”
shall mean each of the Note A-1 PSA, Note A-2 PSA, Note A-3-1 PSA, Note A-3-2 PSA, Note A-4-1 PSA and Note A-4-2 PSA.

“Qualified Servicer”
shall mean (i) Wells Fargo Bank, National Association, (ii) Midland Loan Services, a Division of PNC Bank, National Association,
(iii) KeyBank National Association or (iv) any nationally recognized commercial mortgage loan servicer (1) rated at least
“CSS3,” in the case of a special servicer, or at least “CMS2,” in the case of a master servicer, by Fitch, (2) on
the S&P Select Servicer List as a U.S. Commercial Mortgage Master Servicer or a U.S. Commercial Mortgage Special Servicer, as applicable,
(3) as to which neither Moody’s nor KBRA has cited servicing concerns of such servicer as the sole or material factor in any
qualification, downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation of a ratings downgrade
or withdrawal) of securities in any CMBS transaction rated by Moody’s or KBRA, as applicable, and serviced by such servicer prior
to the time of determination, and (4) that is then currently acting as servicer in a CMBS transaction rated by DBRS Morningstar and as
to which DBRS Morningstar has not cited servicing concerns of such servicer as the sole or material factor in any qualification, downgrade
or withdrawal of the ratings (or placement on “watch status” in contemplation of a ratings downgrade or withdrawal) of any
securities issued in such transaction that are rated by DBRS Morningstar. For purposes of this definition, for so long as any Note is
included in a Securitization, the ratings or actions of any Rating Agency that is not rating such Securitization(s) shall not be considered.

“Qualified Transferee”
shall mean an Affiliate of DBRI, or one or more of the following (other than any Borrower Party):

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

(ii)       an
investment company, money management firm or a “qualified institutional buyer” within the meaning of Rule 144A under the Securities
Act of

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1933, as amended, which regularly engages
in the business of making or owning investments of types similar to the Mortgage Loan; or

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

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

(v)       a
Qualified Trustee (or, in the case of a CLO, a single purpose bankruptcy-remote entity that contemporaneously pledges its interest
in a Note to a Qualified Trustee) in connection with (A) a securitization of, (B) the creation of collateralized loan (or debt)
obligations (“CLO”) secured by, or (C) a financing through an “owner trust” of, any interest in a
Note (any of the foregoing, a “Securitization Vehicle”), provided that either (1) one or more classes of
securities issued by such Securitization Vehicle is initially rated at least investment grade by at least two (2) of the Rating Agencies
engaged to assign ratings to classes of securities issued in connection with the applicable Securitization of the applicable Note; (2) in
the case of a Securitization Vehicle that is not a CLO, the special servicer for the Securitization Vehicle is a Qualified Servicer at
the time of transfer; or (3) in the case of a Securitization Vehicle that is a CLO, the CLO Asset Manager and, if applicable, each
Intervening Trust Vehicle that is not administered and managed by a CLO Asset Manager that is a Qualified Transferee, is a Qualified Transferee
under clause (i), (ii), (iii) or (iv) of this definition; or

(vi)       an
investment fund, limited liability company, limited partnership or general partnership in which a Permitted Fund Manager acts as the general
partner, managing member, or the fund manager responsible for the day to day management and operation of such investment vehicle, provided
that greater than fifty percent (50%) of the equity interests in such investment vehicle are owned, directly or indirectly, by one or
more entities that are otherwise Qualified Transferees;

which, in the case of each of clauses (i),
(ii), and (iii) of this definition, has at least $650,000,000 in total assets (in name or under management) and (except with respect to
a pension advisory firm or similar fiduciary) at least $250,000,000 in capital/statutory surplus or shareholders’ equity, and is
regularly engaged in the business of making or owning commercial real estate loans or commercial loans similar to the Mortgage Loan.

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

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

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

For the purposes of this
Agreement, if any Rating Agency (1) waives, declines or refuses, in writing, to review or otherwise engage any request for a confirmation
hereunder from such Rating Agency that a proposed action will not result in a qualification, downgrade or withdrawal of its then current
rating of the securities issued pursuant to the related Securitization, or (2) does not reply to such request or responds in a manner
that indicates that such Rating Agency is neither reviewing such request nor waiving the requirement for Rating Agency Confirmation and
the related timing, notice and other applicable provisions set forth in the Note A-1 PSA, Note A-2 PSA, Note A-3-1 PSA, Note A-3-2 PSA,
Note A-4-1 PSA and Note A-4-2 PSA have been satisfied, then for such request only, the condition that such confirmation by such Rating
Agency (only) be obtained will be deemed not to apply for purposes of this Agreement. For purposes of clarity, any such waiver, declination
or refusal to review or otherwise engage in any request for such confirmation hereunder shall not be deemed a waiver, declination or refusal
to review or otherwise engage in any subsequent request for such Rating Agency Confirmation hereunder and the condition for such Rating
Agency Confirmation pursuant to this Agreement for any subsequent request shall apply regardless of any previous waiver, declination or
refusal to review or otherwise engage in such prior request.

“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.

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

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

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

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

“Securitization”
shall mean each of the Note A-1 Securitization, the Note A-2 Securitization, the Note A-3-1 Securitization, the Note A-3-2 Securitization,
the Note A-4-1 Securitization and the Note A-4-2 Securitization, as applicable.

“Securitization
Date” shall mean, with respect to a Securitization, the effective date on which such 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.

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

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

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

“Servicing Fee”
shall mean a fee that (i) shall accrue a rate per annum (expressed, for the purposes of this Agreement, as a percentage of the aggregate
of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3-1 Principal Balance, the Note A-3-2 Principal Balance,
the Note A-4-1 Principal Balance and the Note A-4-2 Principal Balance as of the date of determination) equal to the Servicing Fee Rate
and shall be computed for the same period and on the same interest accrual basis respecting which any interest payment due or deemed due
on the Mortgage Loan is computed and prorated for partial periods and (ii) shall be payable to the Master Servicer for primary servicing
the Mortgage Loan.

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“Servicing Fee Rate”
shall mean a rate per annum equal to the “primary servicing fee rate” set forth in the “mortgage loan schedule”
attached to the Servicing Agreement.

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

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

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

“Special Servicing
Fee” shall have the meaning given to such term or an analogous term in the Servicing Agreement; provided that under no circumstances
shall the Special Servicing Fee exceed 0.2500% per annum (25 basis points) of the outstanding principal balance of the Mortgage Loan,
subject to any applicable minimum Special Servicing Fee set forth in the Lead Securitization Servicing Agreement.

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

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

“Trust Fund”
shall mean each of the Note A-1 Trust Fund, the Note A-2 Trust Fund, the Note A-3-1 Trust Fund, the Note A-3-2 Trust Fund, the Note A-4-1
Trust Fund and the Note A-4-2 Trust Fund.

“Trustee”
shall mean the trustee under the Lead Securitization Servicing Agreement.

“Trustee Fee”
shall have the meaning given to such term or an analogous term in each of the Note A-1 PSA, Note A-2 PSA, Note A-3-1 PSA, Note A-3-2 PSA,
Note A-4-1 PSA and Note A-4-2 PSA.

2.   Servicing of the Mortgage
Loan. (a) Each Holder acknowledges and agrees that, subject in each case to the specific terms of this Agreement, the Mortgage
Loan shall be serviced (i) prior to the Lead Securitization Date, under interim servicing arrangements as directed by the Note A-1 Holder
and (ii) from and after the Lead Securitization Date, by the Master Servicer and the Special Servicer pursuant to the Servicing Agreement.

(b)       Subject
to the terms and conditions of this Agreement, each Holder hereby irrevocably and unconditionally consents to the appointment of the Master
Servicer and the Trustee under the Servicing Agreement by the Lead Depositor and the appointment of the

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

(c)       If,
at any time the Lead Note is no longer in a Securitization, the Lead Note Holder shall cause the Mortgage Loan to be serviced pursuant
to a servicing agreement that is substantially similar to the Servicing Agreement (and, if any Non-Lead Note is in a Securitization,
a Rating Agency Confirmation from the Rating Agencies that were engaged by the related Depositor to rate such Securitization shall be
obtained) and all references herein to the “Servicing Agreement” shall mean such subsequent Servicing Agreement; provided,
however, that the Notes that were held by the Lead Securitization shall continue to be considered as the Lead Note; provided
further, however, that unless otherwise agreed to by the holder of the Lead Note, the master servicer under such subsequent
servicing agreement shall not be required to make any P&I Advance in respect of such Note; provided, however, that until a replacement
Servicing Agreement has been entered into (and such Rating Agency Confirmation has been obtained), the Lead Note Holder shall cause the
Mortgage Loan to be serviced pursuant to the provisions of the Servicing Agreement to which the Lead Note was subject (excluding, however,
any obligation to make any P&I Advances in respect of the Lead Note except as specifically agreed to by the Servicer, and provided
that the Servicer’s right to reimbursement for Property Advances as set forth in Section 17 shall remain in effect), as if such
Servicing Agreement was still in full force and effect with respect to the Mortgage Loan; provided, further, however, that until a replacement
Servicing Agreement is in place, the actual servicing of the Mortgage Loan may be performed by any Qualified Servicer appointed by the
Lead Note Holder and does not have to be performed by the service providers set forth under the Servicing Agreement that was previously
in effect.

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

(e)       The
Holders acknowledge that the Servicer is to comply with this Agreement, the Servicing Agreement and the Mortgage Loan Documents in connection
with the servicing of the Mortgage Loan.

(f)       If
any Note is included as an asset of a real estate mortgage investment conduit (a “REMIC”), within the meaning of Section 860D(a)
of the Code, then, any provision of this Agreement to the contrary notwithstanding: (i) the Mortgage Loan shall be administered

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

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

3.   Priority of Notes.
Each Note shall be of equal priority, and no portion of any Note shall have priority or preference over any portion of any other Note
or security therefor. Except for the Excluded Amounts, all amounts tendered by the Borrower or otherwise available for payment on the
Mortgage Loan, whether received in the form of Monthly Payments, a balloon payment, Liquidation Proceeds, proceeds under any guaranty,
letter of credit or other instrument serving as security on the Mortgage Loan, proceeds under title, hazard or other insurance policies
or awards or settlements in respect of condemnation proceedings or similar exercise of the power of eminent domain, shall be distributed
by the Servicer and applied to the Notes on a Pro Rata and Pari Passu Basis.

The Servicing Agreement shall
provide for the application of Penalty Charges paid in respect of the Mortgage Loan to be used (i) to pay the Master Servicer, the
Trustee or the Special Servicer for interest accrued on any Property Advances and reimbursement of Property Advances, (ii) to pay
the parties to any Securitization for interest accrued on any P&I Advance, (iii) to pay certain other expenses (including Special
Servicing Fees, unpaid workout fees and liquidation fees) incurred with respect to the Mortgage Loan and (iv) to pay to the Master
Servicer and/or the Special Servicer as additional servicing compensation.

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

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4.   Workout. Notwithstanding
anything to the contrary contained herein, but subject to the terms and conditions of the Servicing Agreement and Section 13 of this
Agreement, and the obligation to act in accordance with the Servicing Standard, if the Lead Note Holder, or any Servicer, in connection
with a workout or proposed workout of the Mortgage Loan, modifies the terms thereof such that (i) the Mortgage Loan Principal Balance
is decreased, (ii) the Mortgage Interest Rate is reduced, (iii) payments of interest or principal on 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 the Notes as described in
Section 3.

5.   Accounts; Payment Procedure.
The Servicing Agreement shall provide that the Master Servicer shall establish and maintain the Collection Account or Collection Accounts,
as applicable. Each of the Note A-1 Holder, the Note A-2 Holder, the Note A-3-1 Holder, the Note A-3-2 Holder, the Note A-4-1 Holder and
the Note A-4-2 Holder hereby directs the Master Servicer, in accordance with the priorities set forth in Section 3 hereof,
and subject to the terms of the Servicing Agreement, (i) to deposit into the applicable Collection Account within the time period specified
in the Servicing Agreement all payments received with respect to the Mortgage Loan and (ii) to remit from the applicable Collection Account
for deposit or credit on the applicable Master Servicer Remittance Date all payments received with respect to and allocable to its respective
Non-Lead Note, by wire transfer to the account maintained by such Non-Lead Note Holder; 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
18(b)(x) of this Agreement.

If any Servicer holding or
having distributed any amount received or collected in respect of a Note determines, or a court of competent jurisdiction orders, at any
time that any amount received or collected in respect of such Note must, pursuant to any insolvency, bankruptcy, fraudulent conveyance,
preference or similar law, be returned to the Borrower or paid to the related Holder, or any Servicer or paid to any other Person, then,
notwithstanding any other provision of this Agreement, no Servicer shall be required to distribute any portion thereof to such Holder,
and such Holder shall promptly on demand repay to such Servicer the portion thereof which shall have been theretofore distributed to such
Holder together with interest thereon at such rate, if any, as such Servicer shall have been required to pay to the Borrower, the other
Holders, any Servicer or such other person or entity with respect thereto. Each of the Holders agrees that if at any time it shall receive
from any sources whatsoever any payment on account of the Mortgage Loan in excess of its distributable share thereof, it will promptly
remit such excess to the Master Servicer. The Master Servicer shall have the right to offset any amounts due hereunder from a Holder with
respect to the Mortgage Loan against any future payments due to such Holder under the Mortgage Loan, provided, that the obligations
of each Holder under this Section 5 are separate and distinct obligations from one another and in no event shall any Servicer
enforce the obligations of any Holder against any other Holder. The obligations of the Holders under this Section 5 constitute
absolute, unconditional and continuing obligations and each Servicer shall be deemed a third-party beneficiary of these provisions.

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6.   Limitation on Liability.
Subject to the terms of the Servicing Agreement, no Holder (including the Master Servicer or the Special Servicer on its behalf) shall
have any liability to any other Holder with respect to any Note, except (1) with respect to the Advance reimbursement provisions
set forth in Section 17 and (2) with respect to losses actually suffered due to the negligence, willful misconduct or
material breach of this Agreement on the part of such Holder (including the Master Servicer or the Special Servicer on its behalf, and
the Master Servicer’s or Special Servicer’s liability is further limited as set forth in the Servicing Agreement; which, for
the avoidance of doubt, shall not reduce the obligation of such parties to act in accordance with the Servicing Standard).

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

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

(ii)       The
execution and delivery of this Agreement by such Holder, and performance of, and compliance with, the terms of this Agreement by such
Holder, will not violate its organizational documents or constitute a default (or an event which, with notice or lapse of time, or both,
would constitute a default) under, or result in the breach of, any material agreement or other instrument to which it is a party or that
is applicable to it or any of its assets, in each case which materially and adversely affect its ability to carry out the transactions
contemplated by this Agreement.

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

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

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

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

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

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(viii)       It
is a Qualified Transferee.

8.   Independent Analyses
of each Holder. Each Holder acknowledges that, except for the representations made in Section 7, it has, independently and without
reliance upon any other Holders and based on such documents and information as such Holder has deemed appropriate, made its own credit
analysis and decision to purchase its respective Note. Each Holder hereby acknowledges that the other Holders shall have no responsibility
for (i) the collectability of the Mortgage Loan, (ii) the validity, enforceability or legal effect of any of the Mortgage Loan
Documents or the title insurance policy or policies or any survey furnished or to be furnished in connection with the origination of the
Mortgage Loan, (iii) the validity, sufficiency or effectiveness of the lien created or to be created by the Mortgage Loan Documents,
or (iv) the financial condition of the Borrower.

9.   No Creation of a Partnership
or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto, shall be deemed to constitute
between any Holder (or any servicer or trustee on its behalf) and any other Holder a partnership, association, joint venture or other
entity. Each Holder (or any servicer or trustee on its behalf) shall have no obligation whatsoever to offer to the other Holders the opportunity
to purchase notes or interests relating to any future loans originated by such Holder or any of its Affiliates, and if any Holder chooses
to offer to any of the other Holders, the opportunity to purchase notes or interests in any future mortgage loans originated by such Holder
or its Affiliates, such offer shall be at such purchase price and interest rate as such Holder chooses, in its sole and absolute discretion.
None of the Holders shall have any obligation whatsoever to purchase from any other Holder any notes or interests in any future loans
originated by any other Holder or any of its Affiliates.

10.   Not a Security.
None of the Notes shall be deemed to be a security within the meaning of the Securities Act of 1933 or the Securities Exchange Act of
1934.

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

12.   Transfer of Notes.
(a)  Each Holder may Transfer up to 49% (in the aggregate) of its beneficial interest in its Note whether or not the related
transferee is a Qualified Transferee without a Rating Agency Confirmation. Each Holder shall not Transfer more than 49% (in the aggregate)
of its beneficial interest in its Note unless (i) prior to a Securitization of any Note, the other Holders have consented to such
Transfer, in which case the related transferee shall thereafter be deemed to be a “Qualified Transferee” for all purposes
under this Agreement, (ii) after a Securitization of any Note, a Rating Agency Confirmation has been received with respect to such
Transfer, in which case the related transferee shall thereafter be deemed to be a

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“Qualified Transferee” for all
purposes under this Agreement, or (iii) such Transfer is to a Qualified Transferee. Any such transferee must assume in writing the
obligations of the transferring Holder hereunder and agree to be bound by the terms and provisions of this Agreement and the Servicing
Agreement. Such proposed transferee (except in the case of Transfers that are made in connection with a Securitization) shall also remake
each of the representations and warranties contained herein for the benefit of the other Holders. Notwithstanding the foregoing, without
the non-transferring Holder’s prior consent (which will not be unreasonably withheld), and, if such non-transferring Holder’s
Note is in a Securitization, without a Rating Agency Confirmation from each Rating Agency that has been engaged by the related Depositor
to rate the securities issued in connection with such Securitization, no Holder shall Transfer all or any portion of its Note to any Borrower
Party and any such Transfer shall be absolutely null and void and shall vest no rights in the purported transferee.

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

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

(d)       Notwithstanding
anything to the contrary contained herein, each Holder may pledge or transfer (a “Pledge”) its Note to any entity (other
than any Borrower Party) that has extended a credit facility to such Holder or has entered into a repurchase agreement with such Holder
and that, in each case, is either a Qualified Transferee or a financial institution whose long-term unsecured debt is rated at least “A”
(or the equivalent) or better by each Rating Agency (a “Note Pledgee”), or to a Person with respect to which a Rating
Agency Confirmation has been obtained, on terms and conditions set forth in this Section 12(d), it being further agreed that
a financing provided by a Note Pledgee to any Holder or any Affiliate that controls such Holder that is secured by such Holder’s
interest in its respective Note and is structured as a repurchase arrangement, shall qualify as a “Pledge” hereunder on the
condition that all applicable terms and conditions of this Section 12(d) are complied with. A Note Pledgee that is not a Qualified
Transferee may not take title to a Note without a Rating Agency Confirmation. Upon written notice, if any, by the pledging Holder to the
other Holders and any Master Servicer that a Pledge has been effected (including the name and address of the applicable Note Pledgee),
the other Holders agree to acknowledge receipt of such notice and thereafter agree: (i) to give such Note Pledgee written notice
of any default by the pledging Holder in respect of its obligations under this Agreement of which default such Holder has actual knowledge
and which notice shall be given simultaneously with the giving of such notice to the pledging Holder; (ii) to allow such Note Pledgee
a period of ten (10) Business Days to cure a default by the pledging Holder in respect of its obligations to the other Holders hereunder,
but such Note Pledgee shall not be obligated to cure any such default; (iii) that no amendment, modification, waiver or termination
of this Agreement or the Servicing Agreement (if the pledging Holder had the right

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to consent to such amendment, modification,
waiver or termination pursuant to the terms hereof) shall be effective against such Note Pledgee without the written consent of such Note
Pledgee, which consent shall not be unreasonably withheld, conditioned or delayed and which consent shall be deemed to be given if Note
Pledgee shall fail to respond to any request for consent to any such amendment, modification, waiver or termination within 10 days after
request therefor; (iv) that the other Holders shall accept any cure by such Note Pledgee of any default of the pledging Holder which
such pledging Holder has the right to effect hereunder, as if such cure were made by such pledging Holder; (v) that the other Holders
or any Servicer shall deliver to Note Pledgee such estoppel certificate(s) as Note Pledgee shall reasonably request, provided that any
such certificate(s) shall be in a form reasonably satisfactory to the other Holders; and (vi) that, upon written notice (a “Redirection
Notice”) to any Master Servicer by such Note Pledgee that the pledging Holder is in default beyond any applicable cure periods
with respect to the pledging Holder’s obligations to such Note Pledgee pursuant to the applicable credit agreement or other agreements
relating to the Pledge between the pledging Holder and such Note Pledgee (which notice need not be joined in or confirmed by the pledging
Holder), and until such Redirection Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee (or at any time that pledging
Holder otherwise directs that such payment be made to Note Pledgee pursuant to a separate notice) shall be entitled to receive any payments
that any Servicer would otherwise be obligated to make to the pledging Holder from time to time pursuant to this Agreement or any Servicing
Agreement. Any pledging Holder hereby unconditionally and absolutely releases the other Holders and any Servicer from any liability to
the pledging Holder on account of any Holder’s or Servicer’s compliance with any Redirection Notice believed by any Servicer
or other Holders in good faith to have been delivered by a Note Pledgee. Note Pledgee shall be permitted to exercise fully its rights
and remedies against the pledging Holder (and accept an assignment in lieu of foreclosure as to such collateral), in accordance with applicable
law, the pledge agreement, repurchase agreement or similar agreement between the pledging Holder and the Note Pledgee and this Agreement.
In such event, or if the pledging holder otherwise assigns its interests to the Note Pledgee, the other Holders and any Master Servicer
shall recognize such Note Pledgee (and any transferee (other than any Borrower Party) that is also a Qualified Transferee at any foreclosure
or similar sale held by such Note Pledgee or any transfer in lieu of foreclosure), and such Person’s successor and assigns, as the
successor to the pledging Holder’s rights, remedies and obligations under this Agreement, and any such Note Pledgee or Qualified
Transferee shall assume in writing the obligations of the pledging Holder hereunder accruing from and after such Transfer (i.e.,
realization upon the collateral by such Note Pledgee) and agrees to be bound by the terms and provisions of this Agreement. The rights
of a Note Pledgee under this Section 12(d) shall remain effective as to any Holder (and any Servicer) unless and until such Note
Pledgee shall have notified such Holder (and any Servicer, as applicable) in writing that its interest in the pledged Note has terminated.

13.   Exercise of Remedies
by the Servicer. (a)  Subject to the terms of this Agreement and the Servicing Agreement and subject to the rights and consents,
where required, of the Directing Holder, the Servicer shall have the sole and exclusive authority with respect to the administration of,
and exercise of rights and remedies with respect to, the Mortgage Loan, including, without limitation, the sole and exclusive authority
to (i) modify or waive any of the terms of the Mortgage Loan Documents, (ii) consent to any action or failure to act by the
Borrower or any party to the Mortgage Loan Documents, (iii) vote all claims with respect to the

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Mortgage Loan in any bankruptcy, insolvency
or other similar proceedings and (iv) to take legal action to enforce or protect each Holder’s interests with respect to the
Mortgage Loan or to refrain from exercising any powers or rights under the Mortgage Loan Documents, including the right at any time to
call or waive any Events of Default, or accelerate or refrain from accelerating the Mortgage Loan or institute any foreclosure action,
and the Holders shall have no voting, consent or other rights whatsoever with respect to the Servicer’s administration of, or exercise
of its rights and remedies with respect to, the Mortgage Loan. Subject to the terms and conditions of the Servicing Agreement, the Servicer
shall have the sole and exclusive authority to make Property Advances with respect to the Mortgage Loan. Except as otherwise provided
in this Agreement, each Holder agrees that it shall have no right to, and hereby presently and irrevocably assigns and conveys to the
Servicer the rights, if any, that such Holder has to (A) call or cause the Servicer to call an event of default under the Mortgage
Loan, or (B) exercise any remedies with respect to the Mortgage Loan or the Borrower, including, without limitation, filing or causing
the Lead Note Holder or such Servicer to file any bankruptcy petition against the Borrower. Each Holder shall, from time to time, execute
such documents as any Servicer shall reasonably require to evidence such assignment with respect to the rights described in clause (iii)
of the first sentence in this Section 13(a).

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

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

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

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

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

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

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

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

Any Non-Lead Note Holder
may waive any delivery or timing requirements set forth above only for itself. Subject to the foregoing, each of the Lead Note Holder,
the Directing Holder, the Non-Lead Note Holders and the Non-Directing Holders shall be permitted to submit an offer at any sale of the
Defaulted Mortgage Loan (unless such Person is a Borrower Party).

Subject to the conditions
set forth in this Section 13(c), the Non-Lead Note Holders hereby appoint the Lead Note Holder as their agent, and grant to the
Lead Note Holder an irrevocable power of attorney coupled with an interest, and its proxy, for the purpose of soliciting and accepting
offers for and consummating the sale of the Non-Lead Notes. Subject to the conditions set forth in this Section 13(c), each Non-Lead
Note Holder further agrees that, upon the request of the Lead Note Holder, such Non-Lead Note Holder shall execute and deliver to or at
the direction of Lead Note Holder such powers of attorney or other instruments as the Lead Note Holder may reasonably request to better
assure and evidence the foregoing appointment and grant, in each case promptly following request, and shall deliver the related original
Non-Lead Note, endorsed in blank, to or at the direction of the Lead Note Holder in connection with the consummation of any such sale.

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

14.   Rights of the Directing
Holder. The Directing Holder shall be entitled to exercise the rights and powers granted to the Directing Holder hereunder and the
rights and powers granted to the “Directing Holder,” “Controlling Class Certificateholder,” “Controlling
Class Representative” or similar party under, and as defined in, the Servicing Agreement with respect to the Mortgage Loan. In addition,
the Directing Holder shall be entitled to advise (1) the Special Servicer with respect to all matters related to a Specially Serviced
Mortgage Loan and (2) the Special Servicer with respect to all matters for which the Master Servicer must obtain the consent or deemed
consent of the Special Servicer, and, except as set forth below (i) the Master

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Servicer shall not be permitted to take any
Major Decision unless it has obtained the prior written consent of the Special Servicer and (ii) the Special Servicer shall not be
permitted to consent to the Master Servicer’s taking any Major Decision nor will the Special Servicer itself be permitted to take
any Major Decision as to which the Directing Holder has objected in writing within ten (10) Business Days (or thirty (30) days with respect
to an Acceptable Insurance Default) after receipt of the written recommendation and analysis and such additional information requested
by the Directing Holder as may be necessary in the reasonable judgment of the Directing Holder in order to make a judgment with respect
to such Major Decision. The Directing Holder may also direct the Special Servicer to take, or to refrain from taking, such other actions
with respect to the Mortgage Loan as the Directing Holder may deem advisable.

If the Directing Holder fails
to notify the Special Servicer of its approval or disapproval of any proposed Major Decision within ten (10) Business Days (or thirty
(30) days with respect to an Acceptable Insurance Default) after delivery to the Directing Holder by the applicable Servicer of written
notice of a proposed Major Decision, together with any information requested by the Directing Holder as may be necessary in the reasonable
judgment of the Directing Holder in order to make a judgment, then upon the expiration of such ten (10) Business Day (or thirty (30) days
with respect to an Acceptable Insurance Default) period, such Major Decision shall be deemed to have been approved by the Directing Holder.

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

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

The Directing Holder shall
have no liability to the other Holders or any other Person for any action taken, or for refraining from the taking of any action or the
giving of any consent or the failure to give any consent pursuant to this Agreement or the Servicing Agreement, or errors in judgment,
absent any loss, liability or expense incurred by reason of its willful misfeasance, bad faith or gross negligence. The Holders agree
that the Directing Holder may take or refrain from taking actions, or give or refrain from giving consents, that favor the interests of
one Holder over the other Holder, and that the Directing Holder may have special relationships and interests that conflict with the interests
of another Holder and, absent willful misfeasance, bad faith or gross negligence on the part of the Directing Holder, agree to take no
action against the Directing Holder or any of its officers, directors, employees, principals or

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agents as a result of such special relationships
or interests, and that the Directing Holder will not be deemed to have been grossly negligent or reckless, or to have acted in bad faith
or engaged in willful misfeasance or to have recklessly disregarded any exercise of its rights by reason of its having acted or refrained
from acting, or having given any consent or having failed to give any consent, solely in the interests of any Holder.

15.   Appointment of Special
Servicer. Subject to the terms of the Lead Securitization Servicing Agreement for so long as the Lead Note is included in the Lead
Securitization, the Directing Holder shall have the right at any time and from time to time, with or without cause, to replace the Special
Servicer then acting with respect to the Mortgage Loan and appoint a Qualified Servicer as the replacement Special Servicer in lieu thereof.
The Directing Holder shall designate a Person to serve as Special Servicer by delivering to the other Holders and the parties to each
PSA a written notice stating such designation and by satisfying the other conditions required under the Servicing Agreement (including,
without limitation, a Rating Agency Confirmation, if required by the terms of the Servicing Agreement), if any.

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

(i)       to
provide copies of any notice, information and report that it is required to provide to the Directing Holder pursuant to the 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 the Non-Directing Holders, within the same time frame it is required to provide to the Directing Holder; provided,
however, following a Non-Lead Securitization, all notices, reports, information or other deliverables required to be delivered to
the related Non-Directing Holder or the related Non-Lead Note Holder pursuant to this Agreement or the Lead Securitization Servicing Agreement
by the Lead Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall be delivered to the related Non-Lead
Master Servicer, the related Non-Lead Special Servicer and the related Non-Lead Certificate Administrator (who then may forward such items
to the party entitled to receive such items as and to the extent provided in the related Non-Lead Securitization Servicing Agreement)
and, when so delivered to such Non-Lead Master Servicer, Non-Lead Special Servicer and Non-Lead Certificate Administrator, the Lead 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; provided, however, that all items that relate
to the related Non-Lead Depositor’s compliance with any applicable securities laws shall also be delivered to such Non-Lead
Depositor; and

(ii)       to
consult with each Non-Directing Holder on a strictly non-binding basis, if, having received such notices, information and reports, such
Non-Directing Holder requests consultation with respect to any such Major Decision or the implementation of any recommended actions outlined
in an Asset Status Report relating to the Mortgage Loan, and consider alternative actions recommended by such Non-Directing Holder; provided
that after the expiration of a period of ten (10) Business Days (or in connection

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with an Acceptable Insurance Default,
thirty (30) days) from the delivery to each Non-Directing Holder of written notice of a proposed action, together with copies of the notices,
information and reports required to be provided to, or requested by, the Directing Holder, the Servicer shall no longer be obligated to
consult with the Non-Directing Holders (unless the Servicer proposes a new course of action that is materially different from the action
previously proposed, in which case such ten (10) Business Day period (or in connection with an Acceptable Insurance Default, thirty (30)
day period) shall be begin anew from the date of such proposal and delivery of all information relating thereto).

(b)       Notwithstanding
the foregoing non-binding consultation rights of the Non-Directing Holders, the Servicer may take any Major Decision or any action set
forth in the Asset Status Report before the expiration of the aforementioned ten (10) Business Day period (or thirty (30) day period with
respect to an Acceptable Insurance Default) if the Servicer determines, in accordance with the Servicing Standard, that immediate action
with respect thereto is necessary to protect the interests of the Holders.

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

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

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

17.   Advances; Reimbursement
of Advances. (a) (i) Pursuant to terms of the Servicing Agreement, the Lead Servicer and/or the related Trustee shall be
obligated (subject to customary determinations of non-recoverability) to make (1) Property Advances with respect to the Mortgage
Loan or the Mortgaged Property and (2) P&I Advances with respect to the Lead Note and (ii) pursuant to the terms of a Non-Lead
Securitization Servicing Agreement, the related Non-Lead Master Servicer and/or the related Non-Lead Trustee may be obligated to make
P&I Advances with respect to the related Non-Lead Note. The Lead Servicer and/or the related Trustee will not be required to make
any P&I Advance with respect to any Non-Lead Note and the related Non-Lead Master Servicer and/or the related Non-Lead Trustee will
not be required to make any P&I Advance with respect to any Lead Note, any other Non-Lead Note or any Property Advance. The Lead Servicer,
each Non-Lead Master Servicer, the Trustee and any related Non-Lead Trustee will be entitled to interest on any Advance (at a rate not
to exceed the Prime Rate) made in the manner and from the sources provided in the Note A-1 PSA, Note A-2 PSA, Note A-3-1 PSA, Note A-3-2
PSA, Note A-4-1 PSA and Note A-4-2 PSA, as applicable.

(b)       The
Lead Servicer and the related Trustee, as applicable, will be entitled to reimbursement for a Property Advance, first from the
Collection Account established with respect to the Mortgage Loan, and then, if such Property Advance is a Nonrecoverable Advance,

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if such funds on deposit in the Collection
Account are insufficient, from general collections of the Lead Securitization as provided in the Servicing Agreement.

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

(d)       The
parties to each of the Note A-1 PSA, Note A-2 PSA, Note A-3-1 PSA, Note A-3-2 PSA, Note A-4-1 PSA and Note A-4-2 PSA shall each be entitled
to make their own recoverability determination with respect to a P&I Advance based on the information that they have on hand and in
accordance with the Note A-1 PSA, Note A-2 PSA, Note A-3-1 PSA, Note A-3-2 PSA, Note A-4-1 PSA and Note A-4-2 PSA, as applicable.

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

18.   Provisions Relating
to Securitization. (a)  For so long as an Initial Note Holder or its Affiliate (an “Initial Note Holder Entity”)
is the owner of its Note(s), such Initial Note Holder Entity shall have the right, subject to the terms of the Mortgage Loan Documents,
to cause the Borrower to execute amended and restated notes or additional notes (in either case “New Notes”) reallocating
the principal of its Note(s) or severing its Note(s) into one or more further “component” notes in the aggregate principal
amount equal to the then-outstanding principal balance of its Note(s), provided that (i) the aggregate principal balance of
the New Notes following such amendments is no greater than the principal balance of the related original Note(s) prior to such amendments,
(ii) all New Notes continue to have the same weighted average interest rate as the original Note(s) prior to such amendments, (iii) all
New Notes pay pro rata and on a pari passu basis and such reallocated or component notes shall be automatically subject
to the terms of this Agreement and (iv) the Initial Note  Holder Entity holding the New Notes shall notify the other Holders
(or, for any Note that has been contributed to a Securitization, to the trustee and the applicable master servicer of such Securitization)
in writing of such modified allocations and principal amounts. In connection with the foregoing,

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(1) the Master Servicer is hereby authorized
to execute amendments to the Loan Agreement and this Agreement (or to amend and restate the Loan Agreement and this Agreement) on behalf
of any or all of the Holders solely for the purpose of reflecting such reallocation of principal or such severing of Note(s), (2) if a
Note is severed into “component” notes, such component notes shall each have their same rights as the respective original
Note (except if such original Note is Note A-1, then the applicable Initial Note Holder shall designate one of the New Notes to take the
place of Note A-1 in the definitions of “Directing Holder”, “Lead Note”, “Lead Securitization”, “Non-Directing
Holder” and “Servicing Agreement”, and (3) the definition of the term “Securitization” and all of the related
defined terms may be amended (and new terms added, as necessary) to reflect the New Notes. Rating Agency Confirmation shall not be required
for any amendments to this Agreement required to facilitate the terms of this paragraph 18(a).

(b)       The
Lead 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 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 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 Note, net of the Servicing Fees payable to the Master Servicer
and Special Servicer with respect to such Non-Lead Note, and any other applicable fees and reimbursements payable to the Master Servicer,
the Special Servicer and the Trustee with respect to such Non-Lead Note, to the related Non-Lead Note Holder by the Master Servicer Remittance
Date for the Non-Lead Note; 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 18(b)(x) below;

(iv)       with
respect to any Non-Lead Note that is held by a Securitization, the Master Servicer agrees to deliver or cause to be delivered or make
available to the related Non-Lead Master Servicer all reports required to be delivered by the Master Servicer to the Certificate Administrator
under the Lead Securitization Servicing Agreement (which shall include all loan-level reports constituting the CREFC® Investor Reporting
Package (IRP)) pursuant to the terms of the Lead Securitization Servicing Agreement to the extent related to the Mortgage Loan, the Mortgaged
Property, such Non-Lead Note, the Master

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Servicer, the Special Servicer, the Certificate
Administrator or the Trustee by the Business Day following the Master Servicer Remittance Date for the Non-Lead Note;

(v)       the
Master Servicer and Special Servicer, as applicable, shall provide (or the Special Servicer shall provide to the Master Servicer for provision
by the Master Servicer) (in electronic media) to each Non-Lead Note Holder 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;

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

(vii)       each
Non-Lead Note Holder shall be entitled to the same indemnity as the Lead Note Holder under the Lead Securitization Servicing Agreement;
each of the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor, any primary servicer
and the Custodian shall be required to (and shall require any Servicing Function Participant or Additional Servicer engaged by it to)
indemnify each “certification party” and the depositor of any public Securitization Trust, 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 party” for (i) its failure to deliver the items in clause (viii) below in a timely manner, (ii) its failure
to perform its obligations to such 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 a Mortgage Loan Seller Sub-Servicer)
to perform its obligations to such depositor or trustee under such Article X (or any article substantially similar thereto) of the Lead
Securitization Servicing Agreement by the time required and/or (iv) any Deficient Exchange Act Deliverable regarding, and delivered by
or on behalf of, such party;

(viii)       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-

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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 its obligations
under the Securities Act, the Exchange Act (including Rule 15Ga-1), Regulation AB and Form SF-3, (b) without limiting the generality of
the foregoing (x) the Lead Depositor or the related Holder shall provide or cause to be provided to any related Non-Lead Depositor and
any Non-Lead Trustee (1) written notice (which may be by e-mail) in a timely manner (but no later than three (3) Business Days prior to
closing) of the occurrence of such Securitization, and (2) no later than one (1) business day following the closing date of such 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 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, in the case of a replacement
Special Servicer, contained in a Lead Securitization Form 8-K), for inclusion in the disclosure materials (or, in the case of a replacement
Special Servicer, for inclusion in a Form 8-K) relating to any securitization of the related Non-Lead 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
party requesting such amendment shall provide written notice (which may be by e-mail) 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 party” with respect to any applicable Sarbanes-Oxley Certification
with respect to a Non-Lead Securitization;

(ix)       
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 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 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

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related to participation by such Non-Lead
Depositor in any telephone conferences and meetings with the United States Securities and Exchange Commission (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;

(x)       any
late collections received by the Master Servicer from the Borrower that are allocable to a Non-Lead 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 late collections 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;

(xi)       each
Non-Lead 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 will be entitled to enforce the rights of such Non-Lead Note Holder under this Agreement
and the Lead Securitization Servicing Agreement;

(xii)       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;

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

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

(xv)       to
the extent related to the Mortgage Loan, the Master Servicer or the Special Servicer, Rating Agency Confirmation shall be provided with
respect to the Certificates issued in connection with any Non-Lead Securitization to the same extent a

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Rating Agency Confirmation is provided
with respect to the Certificates issued in connection with the Lead Securitization;

(xvi)       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 any Non-Lead Note Holder, which failure continues unremedied for one (1) Business Day following
the date on which such payment was to be made; (ii) solely with respect to the Special Servicer, the failure to deposit into any REO Account
any amount required to be so deposited within two (2) Business Days after the date such deposit was to be made, or the failure to remit
to the Master Servicer for deposit into the Collection Account or the 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; (iii) the
qualification, downgrade or withdrawal, or placing on “watch status” in contemplation of a rating downgrade or withdrawal
of the ratings of any class of certificates issued in connection with 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 (iv) the failure to provide to any Non-Lead Note Holder (if and to the extent required under the Non-Lead Securitization)
reports required under the Exchange Act, and the rules and regulations thereunder, in a timely fashion. Upon the occurrence of such a
Servicer Termination Event with respect to the Master Servicer affecting a Non-Lead 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 Note Holder,
require the appointment of a subservicer with respect to the related Non-Lead Note. Upon the occurrence of a Servicer Termination Event
with respect to the Special Servicer affecting a Non-Lead 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 Note Holder, terminate the Special Servicer
with respect to, but only with respect to, the Mortgage Loan;

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

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provided unless receipt thereof has been
confirmed in writing (which may be by e-mail) from any such Non-Lead Depositor;

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

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

(c)       Each
Non-Lead Note Holder 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 the Non-Lead Securitization Servicing Agreement, they shall be deemed incorporated
therein and made a part thereof):

(i)       the
Non-Lead Note Holder shall be responsible for its Pro Rata and Pari Passu Basis share of any 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 (such parties and the Lead Securitization Trust, collectively, the “Indemnified Parties”),
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 Note Holder’s Pro Rata and Pari Passu Basis 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), 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-

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Lead Securitization Servicing Agreement
for such Non-Lead Note Holder’s Pro Rata and Pari Passu Basis 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 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 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 and Pari Passu Basis 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
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 Note’s Pro Rata and Pari Passu Basis 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, Non-Lead Trustee or Non-Lead Certificate Administrator will be required to deliver to the Trustee, the
Certificate Administrator, the Special Servicer, the Master Servicer and the Operating Advisor (i) promptly following Securitization of
the related Non-Lead Note, notice of the deposit of the related Non-Lead Note into a Trust Fund (which notice may be by e-mail and shall
also provide 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-Directing
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 or the party designated to exercise the rights of the
related “Non-Directing Holder” under this Agreement (together with the relevant contact information);

(iv)       any
matter affecting the servicing and administration of the Mortgage Loan that requires delivery of a Rating Agency Confirmation pursuant
to the Lead Securitization Servicing Agreement shall also require delivery of a Rating Agency Confirmation under the related Non-Lead
Securitization Servicing Agreement; and

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

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(d)       Each
Initial Note Holder shall:

(A)       give
each other Holder and the parties to any previously executed Securitization Servicing Agreement (provided that such Securitization Servicing
Agreement has been delivered to such Initial Note Holder) notice of the Securitization of such Holder’s Note in writing (which may
be by e-mail) prior to or promptly following the related Securitization Date, together with contact information for each of the parties
to the related proposed Securitization Servicing Agreement; and

(B)       in
the case of an Initial Note Holder contributing its Note to a Lead Securitization, send to each other Holder and the parties to each Non-Lead
Securitization Servicing Agreement (that are not also party to the Lead Securitization Servicing Agreement) (x) on any 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 Lead 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 Lead Depositor to the Lead Securitization Servicing Agreement (other
than a formal amendment thereto following the Lead Securitization Date).

(e)       The
Lead Securitization Servicing Agreement shall satisfy Moody’s rating methodology for eligible accounts and permitted investments
for a securitization rated “Aaa” by Moody’s.

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

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

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21.   Successors and Assigns;
Third Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective
successors and assigns. Each of the Master Servicer, each Non-Lead Master Servicer, the Trustee and each Non-Lead Trustee is an intended
third-party beneficiary of this Agreement. Except as provided in Section 5 and the preceding sentence, none of the provisions
of this Agreement shall be for the benefit of or enforceable by any Person not a party hereto.

22.   Counterparts. This
Agreement may be executed in counterparts, each of which when so executed shall be deemed to be an original and all of which when taken
together shall constitute one and the same instrument, and the words “executed,” “signed,” “signature,”
and words of like import as used above and elsewhere in this Agreement or in any other certificate, agreement or document related to this
transaction shall include, in addition to manually executed signatures, images of manually executed signatures transmitted by facsimile
or other electronic format (including, without limitation, “pdf”, “tif” or “jpg”) and other electronic
signatures (including, without limitation, any electronic sound, symbol, or process, attached to or logically associated with a contract
or other record and executed or adopted by a person with the intent to sign the record). The use of electronic signatures and electronic
records (including, without limitation, any contract or other record created, generated, sent, communicated, received, or stored by electronic
means) shall be of the same legal effect, validity and enforceability as a manually executed signature or use of a paper-based record-keeping
system to the fullest extent permitted by applicable law, including the Federal Electronic Signatures in Global and National Commerce
Act, the New York State Electronic Signatures and Records Act and any other applicable law, including, without limitation, any state law
based on the Uniform Electronic Transactions Act or the Uniform Commercial Code.

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

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

25.   Custody of Mortgage
Loan Documents/ Mortgagee of Record. The originals of all of the Mortgage Loan Documents (other than Non-Lead Notes) will be held
(i) prior to the Lead Securitization, by Wells Fargo Bank, National Association, as interim custodian and (ii) on and after the Lead Securitization,
by the Trustee for the Lead Securitization (or by a custodian on its behalf) under the terms of the Lead Securitization Servicing Agreement
on

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behalf of all of the Holders. The Trustee
of the Lead Securitization shall at all times be the mortgagee of record with respect to the Mortgage Loan.

[NO FURTHER TEXT ON THIS PAGE]

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

 

	 	Note A-1 Holder:
	 	MIDLAND
LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION, AS MASTER SERVICER ON BEHALF OF WILMINGTON TRUST, NATIONAL ASSOCIATION, AS
TRUSTEE, FOR THE BENEFIT OF THE REGISTERED HOLDERS OF BENCHMARK 2021-B31 MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,
SERIES 2021-B31, AND THE UNCERTIFICATED VRR INTEREST OWNERS
	 	 
	 	 
	 	 
	 	 By:  	/s/ Scott Dunkley
	 	 	Name:  	Scott Dunkley
	 	 	Title: 	Vice President
	 	 	 	 

 

 

    Novo Nordisk North American HQ Amended and Restated Co-Lender Agreement

     

    

 

 

 

	 	Note A-2
Holder:
	 	 
	 	DBR INVESTMENTS CO. LIMITED
	 	 
	 	 
	 	 By:  	/s/ Matt T. Smith
	 	 	Name:  	Matt T. Smith
	 	 	Title: 	Director
	 	 	 	 

 

 

 

	 	
	 	 
	 	 By:  	/s/ Daniel Penn
	 	 	Name:  	Daniel Penn
	 	 	Title: 	Managing Director
	 	 	 	 

 

 

 

	 	Note A-3-1 Holder:
	 	 
	 	DBR INVESTMENTS CO. LIMITED
	 	 
	 	 
	 	 By:  	/s/ Matt T. Smith
	 	 	Name:  	Matt T. Smith
	 	 	Title: 	Director
	 	 	 	 

 

 

 

	 	
	 	 
	 	 By:  	/s/ Daniel Penn
	 	 	Name:  	Daniel Penn
	 	 	Title: 	Managing Director
	 	 	 	 

 

 

 

	 	Note A-3-2 Holder:
	 	 
	 	DBR INVESTMENTS CO. LIMITED
	 	 
	 	 
	 	 By:  	/s/ Matt T. Smith
	 	 	Name:  	Matt T. Smith
	 	 	Title: 	Director
	 	 	 	 

 

 

 

	 	
	 	 
	 	 By:  	/s/ Daniel Penn
	 	 	Name:  	Daniel Penn
	 	 	Title: 	Managing Director
	 	 	 	 

 

    Novo Nordisk North American HQ Amended and Restated Co-Lender Agreement

     

    

 

 

	 	Note A-4-1 Holder:
	 	 
	 	DBR
INVESTMENTS CO. LIMITED
	 	 
	 	 
	 	 By:  	/s/ Matt T. Smith
	 	 	Name:  	Matt T. Smith
	 	 	Title: 	Director
	 	 	 	 

 

 

 

	 	
	 	 
	 	 By:  	/s/ Daniel Penn
	 	 	Name:  	Daniel Penn
	 	 	Title: 	Managing Director
	 	 	 	 

 

 

 

	 	Note A-4-2 Holder:
	 	 
	 	DBR
INVESTMENTS CO. LIMITED
	 	 
	 	 
	 	 By:  	/s/ Matt T. Smith
	 	 	Name:  	Matt T. Smith
	 	 	Title: 	Director
	 	 	 	 

 

 

 

	 	
	 	 
	 	 By:  	/s/ Daniel Penn
	 	 	Name:  	Daniel Penn
	 	 	Title: 	Managing Director
	 	 	 	 

 

 

    Novo Nordisk North American HQ Amended and Restated Co-Lender Agreement

     

    

EXHIBIT A

MORTGAGE LOAN SCHEDULE

A.       Description of Mortgage
Loan

	Borrower:	Princeton HD Owner LLC
	Mortgage Loan Origination Date:  	November 5, 2021
	Initial Principal Amount of Mortgage Loan:	$210,667,000
	Co-Lender Closing Date Mortgage Loan Principal Balance:	$210,667,000
	Location of Mortgaged Property:	800 Scudders Mill Road

Plainsboro, New Jersey
	Current Use of Mortgaged Property:	Office
	Maturity Date:	April 6, 2031

    A-1

     

    

B.       Description of Notes

	Mortgage Loan Origination Date:	November 5, 2021
	Note Date:	November 5, 2021
	Initial Note A-1 Principal Balance:	$75,000,000
	Initial Note A-2 Principal Balance:	$47,500,000
	Initial Note A-3-1 Principal Balance:	$12,500,000
	Initial Note A-3-2 Principal Balance:	$12,500,000
	Initial Note A-4-1 Principal Balance:	$41,000,000
	Initial Note A-4-2 Principal Balance:	$22,167,000
	Initial Note A-1 Percentage Interest:	35.60120949175710%
	Initial Note A-2 Percentage Interest:	22.54743267811290%
	Initial Note A-3-1 Percentage Interest:	5.93353491529285%
	Initial Note A-3-2 Percentage Interest:	5.93353491529285%
	Initial Note A-4-1 Percentage Interest:	19.46199452216060%
	Initial Note A-4-2 Percentage Interest:	10.52229347738370%
	Interest Rate for Note A-1, Note A-2, Note A-3-1, Note A-3-2, Note A-4-1 and Note A-4-2:	2.83800%1
	Default Interest Rate for Note A-1, Note A-2, Note A-3-1, Note A-3-2, Note A-4-1 and Note A-4-2:	Lesser of (a) the maximum legal rate or (b) five percent (5%) above the Note Interest Rate

 

1
Initial interest rate. After the “anticipated repayment date” under the Mortgage Loan, the interest rate will equal to the
greater of (i) 2.83800% plus 2.5000% and (ii) the swap rate in effect on such “anticipated repayment date” plus 4.19000%.

 

    A-2

     

    

EXHIBIT B

Note A-1 Holder:

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

10851 Mastin Street, Suite 700

Overland Park, Kansas 66210

Attention: Executive Vice President – Division Head

Fax number: 1-888-706-3565

with a copy to:

Stinson LLP

1201 Walnut Street, Suite 2900

Kansas City, Missouri 64106-2150

Attention: Kenda K. Tomes

Fax number: (816) 412-9338

Note A-2 Holder, Note A-3-1 Holder, Note A-3-2 Holder, Note A-4-1
Holder and Note A-4-2 Holder:

DBR Investments Co. Limited

1 Columbus Circle

New York, New York 10019

Attention: Robert W. Pettinato, Jr.

Facsimile No.: (212) 797-4489

E-mail: Robert.Pettinato@db.com

with a copy to:

DBR Investments Co. Limited

1 Columbus Circle

New York, New York 10019

Attention: General Counsel

Facsimile No. (646) 736-5721

    B-1

     

    

EXHIBIT C

PERMITTED FUND MANAGERS

Westbrook Partners

iStar Financial Inc.

Capital Trust

Archon Capital, L.P.

Whitehall Street Real Estate Fund, L.P.

The Blackstone Group

Normandy Real Estate Partners

Dune Real Estate Partners

AllianceBernstein

Rockwood

RREEF Funds

Hudson Advisors

Artemis Real Estate Partners

Apollo Real Estate Advisors

Colony Capital, Inc.

Praedium Group

Fortress Investment Group, LLC

Lonestar Opportunity Funds

Clarion Partners

Walton Street Capital, LLC

Starwood Financial Trust

BlackRock, Inc.

Eightfold Real Estate Capital, L.P.

DLJ Real Estate Capital Partners

Land-Lease Real Estate Investments

JER Partners

Rialto Capital Management

Raith Capital Partners

Torchlight Investors, LLC

 

    C-1

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