Document:

Exhibit 4.13

 

EXECUTION VERSION

CO-LENDER AGREEMENT

Dated as of May 16, 2019

by and between

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

as Initial Note A-1 Holder

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

as Initial Note A-2 Holder

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

as Initial Note A-3 Holder

and

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

as Initial Note B Holder

ICON Upper East Side Portfolio

 

     

     

    

TABLE OF CONTENTS

	 	 	Page
	Section 1.       	Definitions	2
	Section 2.	Servicing of the Mortgage Loan	14
	Section 3.	Priority of Payments	18
	Section 4.	Workout	20
	Section 5.	Administration of the Mortgage Loan	20
	Section 6.	Appointment of Controlling Note Holder Representative and Non-Lead Note Holder Representative	23
	Section 7.	Appointment of Special Servicer	27
	Section 8.	Payment Procedure	28
	Section 9.	Limitation on Liability of the Note Holders	29
	Section 10.	Bankruptcy	30
	Section 11.	Representations of the Note Holders	30
	Section 12.	No Creation of a Partnership or Exclusive Purchase Right	31
	Section 13.	Other Business Activities of the Note Holders	31
	Section 14.	Sale of the Notes	31
	Section 15.	Registration of the Notes and Each Note Holder	34
	Section 16.	Governing Law; Waiver of Jury Trial	35
	Section 17.	Submission To Jurisdiction; Waivers	35
	Section 18.	Modifications	36
	Section 19.	Successors and Assigns; Third Party Beneficiaries	36
	Section 20.	Counterparts	36
	Section 21.	Captions	36
	Section 22.	Severability	36
	Section 23.	Entire Agreement	37
	Section 24.	Withholding Taxes	37
	Section 25.	Custody of Mortgage Loan Documents	38
	Section 26.	Cooperation in Securitization	38
	Section 27.	Notices	39
	Section 28.	Broker	39
	Section 29.	Certain Matters Affecting the Agent	39
	Section 30.	Termination and Resignation of Agent	40

	Section 31.	Resizing	40

 

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THIS CO-LENDER AGREEMENT
(this “Agreement”), dated as of May 16, 2019, by and between JPMORGAN CHASE BANK, NATIONAL ASSOCIATION (“JPM”
and together with its successors and assigns in interest, in its capacity as initial owner of Note A-1, the “Initial
Note A-1 Holder”, and in its capacity as the initial agent, the “Initial Agent”), JPMORGAN CHASE
BANK, NATIONAL ASSOCIATION (together with its successors and assigns in interest, in its capacity as initial owner of Note A-2,
the “Initial Note A-2 Holder”), JPMORGAN CHASE BANK, NATIONAL ASSOCIATION (together with its successors
and assigns in interest, in its capacity as initial owner of Note A-3, the “Initial Note A-3 Holder”)
and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION (together with its successors and assigns in interest, in its capacity as initial
owner of Note B, the “Initial Note B Holder” and, together with the Initial Note A-1 Holder, the Initial
Note A-2 Holder and the Initial Note A-3 Holder, the “Initial Note Holders”).

W I T N E S S E T H:

WHEREAS, pursuant
to the Mortgage Loan Agreement (as defined herein), the Initial Note Holders originated a certain loan (the “Mortgage
Loan”) described on the schedule attached hereto as Exhibit A (the “Mortgage Loan Schedule”)
to the mortgage loan borrowers described on the Mortgage Loan Schedule (collectively, the “Mortgage Loan Borrowers”),
which is evidenced by, among other things, four Notes (as further described below) in the aggregate original principal amount of
$115,700,000 made by the Mortgage Loan Borrowers in favor of the Initial Note Holders, and secured by a first mortgage (as amended,
modified or supplemented, the “Mortgage”) on certain real property located as described in the Mortgage Loan
Agreement (the “Mortgaged Property”);

WHEREAS, the Mortgage
Loan is evidenced by the following promissory notes (as amended, modified or supplemented, the “Notes”), the
designations and original principal amounts set forth below, each dated as of April 17, 2019 and made by the Mortgage Loan Borrower
in favor of the applicable Initial Note Holder as set forth in the table:

	Note	Initial Note Holder	Original Principal Balance
	Note A-1	JPM	$8,500,000
	Note A-2	JPM	$25,000,000
	Note A-3	JPM	$25,000,000
	Note B	JPM	$57,200,000

 

WHEREAS, Initial Note
A-1 Holder and the Initial Note B Holder collectively intend (but are not bound) to sell, transfer and assign their respective
right, title and interest in and to all or a portion of Notes A-1 and B to a depositor who will in turn transfer such notes
to a trustee for the J.P. Morgan Chase Commercial Mortgage Securities Trust 2019-ICON UES;

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

     

     

    

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

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

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

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

“Advance”
shall mean any Administrative Advance, P&I Advance or Property Protection Advance.

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

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

“Agent Office”
shall mean the designated office of the Agent which office initially shall be the office of the Initial Note A-1 Holder listed
on Exhibit B hereto and after the Securitization Date, shall be the offices 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 Co-Lender Agreement, the exhibits and schedule hereto and all amendments hereof and supplements hereto.

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

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

“B Note”
shall mean Note B.

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

“Borrower
Affiliate” shall have the meaning set forth in the Lead Securitization Servicing Agreement; provided that in the
event that any Non-Lead Note is securitized in a Securitization, the term “Borrower Affiliate” as used in the definitions
of “Non-Lead Note Holder” and “Non-Lead Note Holder Representative” shall refer to a “Borrower Affiliate”
as defined in the

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related Non-Lead Securitization Servicing
Agreement or such other analogous term used in the related Non-Lead Securitization Servicing Agreement.

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

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

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

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

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

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

“Companion
Loan Distribution Account” shall have the meaning assigned to such term in 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).

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

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

“Controlling
Note Holder” shall mean the Note A-1 Holder; provided that at any time Note A-1 is included in the Lead
Securitization, the rights of the “Controlling Note Holder” herein may be exercised by the Directing Certificateholder
or any other party assigned the right to exercise the rights of the “Controlling Note Holder” hereunder, as and to
the extent provided in the Lead Securitization Servicing Agreement; provided, however, that if the Note A-1 Holder
is a Borrower Affiliate, it shall not be entitled to exercise the rights of the Controlling Note Holder.

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

“Depositor”
shall mean J.P. Morgan Chase Commercial Mortgage Securities Corp., and its successors-in-interest.

“Directing
Certificateholder” shall mean the “Directing Certificateholder”, if any, as defined in the Lead Securitization
Servicing Agreement or such other analogous term used in the Lead Securitization Servicing Agreement.

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

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

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

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

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

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

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

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

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

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

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this definition, if more than one entity
comprises the Mortgage Loan Borrower, the term “Mortgage Loan Borrower” shall refer to any such entity.

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

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

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

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

“Lead Securitization”
shall mean the Securitization of the Lead Securitization Notes in a Securitization Trust to be designated by the Initial Note A-1
Holder (in its capacity as Controlling Note Holder).

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

“Lead Securitization
Notes” shall mean Note A-1 and Note B for so long as any such note is included in the Lead Securitization.

“Lead Securitization
Servicing Agreement” shall mean the trust and servicing agreement to be entered into in connection with the Securitization
of the Lead Securitization Notes and issuance of the J.P. Morgan Chase Commercial Mortgage Securities Trust 2019-ICON UES,
Commercial Mortgage Pass Through Certificates, Series 2019-ICON UES, between the Depositor, the Master Servicer, the Special Servicer,
the Certificate Administrator and the Trustee.

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

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

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

“Monthly
Payment Date” shall mean the “Payment Date” as defined in the Mortgage Loan Agreement.

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

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

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

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

“Mortgage
Loan Agreement” shall mean the Loan Agreement, dated as of April 17, 2019, between the Mortgage Loan Borrowers, as borrowers,
and JPM, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject
to the terms hereof.

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

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

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

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

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

“Nonrecoverable
Advance” shall mean, (i) with respect to any Advances made by the Servicer or the Trustee under the Lead Securitization
Servicing Agreement, “Nonrecoverable Advance” as defined in the Lead Securitization Servicing Agreement, and (ii) with
respect to any P&I Advance made by a party to a Non-Lead Securitization Servicing Agreement, “Nonrecoverable Advance”
or any analogous term as defined in such Non-Lead Securitization Servicing Agreement.

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

“Non-Lead
Asset Representations Reviewer” shall mean the “asset representations reviewer” under any Non-Lead Securitization
Servicing Agreement.

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

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

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

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

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

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

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

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

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

“Non-Lead
Securitization Servicing Agreement” shall mean the servicing agreement for any Non-Lead Securitization.

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

“Non-Lead
Servicer” shall mean any Non-Lead Master Servicer or Non-Lead Special Servicer, as the context may require.

“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.

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

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

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

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

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

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

“Note Rate”
shall mean the applicable Interest Rate with respect to each Note.

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

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

“Permitted
Fund Manager” shall mean any Person that on the date of determination is (i) one of the entities on Exhibit C
attached hereto 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 total assets of at least $3,000,000,000 and committed capital of
at least $1,500,000,000 and (iii) not subject to a proceeding relating to the bankruptcy, insolvency, reorganization or relief
of debtors.

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

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

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

“Qualified
Institutional Lender” shall mean each of the Initial Note Holders (together with any affiliated transferee in connection
with a transfer to a Securitization or for internal bookkeeping or other corporate purposes) and any other U.S. Person that
is:

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

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

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or other securitization vehicle
are rated initially at least investment grade by each of the Rating Agencies, that assigned a rating to one or more classes of
securities issued in connection with the Lead Securitization, or

(c)       one
or more of the following:

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

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

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

(iv)       an
investment fund, limited liability company, limited partnership or general partnership having capital and/or capital commitments
of at least $1,500,000,000, 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

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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, or

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

in the case of any entity referred to
in clause (c)(i), (ii), (iii), (iv)(B) or (v) of this definition, (x) such entity has at least $1,500,000,000 in capital/statutory
surplus or shareholders’ equity (except with respect to a pension advisory firm, asset manager or similar fiduciary) and
at least $3,000,000,000 in total assets (in name or under management), and (y) is regularly engaged in the business of making
or owning commercial real estate loans (or interests therein) similar to the Mortgage Loan (or mezzanine loans with respect thereto)
or owning or operating commercial real estate properties; provided that, in the case of the entity described in clause (iv)(B)
above, the requirements of this clause (y) may be satisfied by a general partner, managing member, or the fund manager responsible
for the day-to-day management and operation of such entity; or

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

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

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

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

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

“Realized
Losses” shall mean any reduction in the Mortgage Loan Principal Balance that does not result in an accompanying payment
of principal to any of the Note Holders, which may result from, but is not limited to, one of the following circumstances: (i) the
cancellation or forgiveness of any portion of the Mortgage Loan Principal Balance in connection with a bankruptcy or similar proceeding
or a modification or amendment of the Mortgage Loan granted by the Servicer pursuant to the terms of the Lead Securitization Servicing
Agreement, or (ii) a reduction in the Mortgage Loan Interest Rate or any Note Rate in connection with a bankruptcy or similar
proceeding involving the Mortgage Loan Borrower or a modification or amendment of the Mortgage Loan agreed to by the Servicer in
accordance with the terms of the Lead Securitization Servicing Agreement, that as a result of the application of Section 4,
results in the application of principal to pay interest to one or more Note Holders (each such Realized Loss described in this
clause (ii) shall be deemed to have been incurred on the Monthly Payment Date for each affected monthly payment).

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

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

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

“REMIC Provisions”
shall mean the provisions of the Code relating to REMICs, which appear at sections 860A through 860G of the Code, and related provisions,
and regulations, including proposed regulations and rulings, and administrative pronouncements promulgated thereunder, as the foregoing
may be in effect from time to time.

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“Required
Special Servicer Rating” shall mean (i) in the case of Fitch, a rating of “CSS3”, (ii) in the case
of S&P, such special servicer is on S&P’s Select Servicer List as a U.S. Commercial Mortgage Special Servicer,
(iii) in the case of Moody’s, within the twelve (12) month period prior to the date of determination, such special
servicer has acted as special servicer for one or more loans included in a commercial mortgage loan securitization that was rated
by Moody’s and Moody’s has not downgraded or withdrawn the then-current rating on any class of commercial mortgage
securities or placed any class of commercial mortgage securities on watch citing the continuation of such special servicer as special
servicer of such commercial mortgage loans as a material reason for such downgrade or withdrawal, (iv) in the case of Morningstar,
either (a) the applicable replacement has a special servicer ranking of at least “MOR CS3” by Morningstar (if
ranked by Morningstar) or (b) if not ranked by Morningstar, is currently acting as a special servicer on a deal or transaction-level
basis for all or a significant portion of the related mortgage loans in other CMBS transactions rated by any of S&P, Moody’s,
Morningstar, Fitch, DBRS or KBRA and the trustee does not have actual knowledge that Morningstar has, and the replacement special
servicer certifies that Morningstar has not, with respect to any such other CMBS transaction, qualified, downgraded or withdrawn
its rating or ratings on one or more classes of such CMBS transaction citing servicing concerns of the applicable replacement as
the sole or material factor in such rating action, (v) in the case of KBRA, KBRA has not cited servicing concerns of such
special servicer as the sole or material factor in any qualification, downgrade or withdrawal of the ratings (or placement on “watch
status” in contemplation of a ratings downgrade or withdrawal) of securities in a transaction serviced by such special servicer
prior to the time of determination, and (vi) in the case of DBRS, within the twelve (12) month period prior to the date
of determination, such special servicer has acted as special servicer for one or more loans included in a commercial mortgage loan
securitization that was rated by DBRS, and DBRS has not downgraded or withdrawn the then-current rating on any class of commercial
mortgage securities or placed any class of commercial mortgage securities on watch citing the continuation of such special servicer
as special servicer of such commercial mortgage loans as a material reason for such downgrade or withdrawal (or placement on “watch
status” in contemplation of a ratings downgrade or withdrawal).

“Resizing
Note Holder” shall have the meaning assigned to such term in Section 31.

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

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

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

“SEC”
shall mean the U.S. Securities and Exchange Commission.

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

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

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

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

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

“Servicer”
shall mean (i) the Master Servicer if the Mortgage Loan is not a Specially Serviced Loan and (ii) the Special Servicer
if the Mortgage Loan is a Specially Serviced Loan, provided, that with respect to a specific function, right or obligation
as to which the Lead Securitization Servicing Agreement designates the Master Servicer of the Special Servicer, the party so designated
shall be the “Servicer”.

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

“Servicing
Standard” shall mean “Accepted Servicing Practices” as defined in the Lead Securitization Servicing Agreement.

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

“Special
Servicer” shall mean CWCapital Asset Management LLC, or its successor-in-interest, or any successor “special servicer”
appointed as provided in the Lead Securitization Servicing Agreement and this Agreement.

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

“Specially
Serviced Mortgage Loan” shall mean “Specially Serviced Mortgage Loan” as defined in the Lead Securitization
Servicing Agreement.

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

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

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

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

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

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

Section 2.               
Servicing of the Mortgage Loan.

(a)               
Each Note Holder acknowledges and agrees that, subject to the terms of this Agreement, the Mortgage Loan shall be serviced
from and after the Securitization Date pursuant to the Lead Securitization Servicing Agreement. Subject to the terms and conditions
of this Agreement, each Note Holder hereby irrevocably and unconditionally consents to the appointment of the Master Servicer,
the Special Servicer, the Certificate Administrator and the Trustee under the Lead Securitization Servicing Agreement by the Depositor
as each such party may be replaced pursuant to the terms of the Lead Securitization Servicing Agreement and agrees to reasonably
cooperate with the Master Servicer and the Special Servicer with respect to the servicing of the Mortgage Loan in accordance with
the Lead Securitization Servicing Agreement. Each Note Holder hereby irrevocably appoints the Master Servicer, the Special Servicer
and the Trustee in the Lead Securitization as such Note Holder’s attorney-in-fact to sign any documents reasonably required
with respect to the administration and servicing of the Mortgage Loan on its behalf under the Lead Securitization Servicing Agreement
(subject at all times to the rights of such Note Holder set forth herein and in the Lead Securitization Servicing Agreement). In
no event shall the Lead Securitization Servicing Agreement require the Servicer to enforce the rights of any Note Holder against
any other Note Holder or limit the Servicer in enforcing the rights of one Note Holder against any other Note Holder; however,
this statement shall not be construed to otherwise limit the rights of one Note Holder with respect to any other Note Holder. Each
Servicer (i) shall be required pursuant to the Lead Securitization Servicing Agreement to service the Mortgage Loan in accordance
with the Servicing Standard (which shall require, among other things, that each Servicer, in servicing the Mortgage Loan, must
take into account the interests of each Note Holder and that the B Note is subordinate to the A Notes), the terms of the Mortgage
Loan Documents, this Agreement, the Lead Securitization Servicing Agreement and applicable law, (ii) shall provide information
to each Non-Lead Servicer to enable each such Non-Lead Servicer to perform its servicing duties under the related Non-Lead Securitization
Servicing Agreement and (iii) shall not take any action or refrain from taking any action or follow any direction inconsistent
with the foregoing.

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(b)              
At any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement,
the Note Holders agree to cause the Mortgage Loan to be serviced by one or more servicers, each of which has been agreed upon by
the Note Holders, pursuant to a servicing agreement that has servicing terms substantially similar to the Lead Securitization Servicing
Agreement (including, without limitation, all applicable provisions relating to delivery of information and reports necessary for
any Non-Lead Securitization to comply with any applicable reporting requirements under the Securities Exchange Act of 1934, as
amended) and all references herein to the “Lead Securitization Servicing Agreement” shall mean such subsequent servicing
agreement; provided, however, that (1) if (x) the servicer(s) to be appointed under such replacement servicing
agreement would not otherwise meet the conditions to be a servicer under the Lead Servicing Agreement that is being replaced or
(y) a Non-Lead Securitization Note is in a Securitization and such replacement servicer would not otherwise meet the conditions
to be a servicer under the related Non-Lead Securitization Servicing Agreement, then a Rating Agency Confirmation shall have been
obtained from each Rating Agency for each Securitization then outstanding with respect to which Certificates thereof are then rated
by such Rating Agency and (2) until a replacement servicing agreement has been entered into, the Lead Securitization Note
Holder shall cause the Mortgage Loan to be serviced pursuant to the provisions of the Lead Securitization Servicing Agreement as
if such agreement was still in full force and effect with respect to the Mortgage Loan, by the Servicer in the Lead Securitization
or by any Person appointed by the Lead Securitization Note Holder that is a qualified servicer meeting the requirements of the
Lead Securitization Servicing Agreement; except that the Servicer shall have no obligation to make any P&I Advances or Administrative
Advances on the Lead Securitization Notes.

(c)               
The Master Servicer shall be the master servicer on the Mortgage Loan, and from time to time it (or the Trustee, to the
extent provided in the Lead Securitization Servicing Agreement) (i) shall be required to make Servicing Advances and Administrative
Advances with respect to the Mortgage Loan, subject to the terms of the Lead Securitization Servicing Agreement and this Agreement,
and (ii) may be required to make P&I Advances on the Lead Securitization Notes, if and to the extent provided in the Lead
Securitization Servicing Agreement and this Agreement. The Master Servicer, the Special Servicer and the Trustee, as applicable,
shall be entitled to reimbursement for any Advance and interest thereon and Trust Fund Expenses in accordance with the terms of
the Lead Securitization Servicing Agreement and this Agreement; provided, that any P&I Advance made in respect of the A Notes
shall be reimbursed on a Pro Rata and Pari Passu Basis immediately prior to the reimbursement of any P&I Advance made in respect
of the B Note.

(d)              
Each Non-Lead Securitization Note Holder agrees to indemnify (i) (as and to the same extent the Lead Securitization
Trust is required to indemnify each of the following parties in respect of the Mortgage Loan pursuant to the terms of the Lead
Securitization Servicing Agreement) each of the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee
and the Depositor (and any director, officer, employee or agent of any of the foregoing, to the extent such parties are identified
as indemnified parties in the Lead Securitization Servicing Agreement in respect of the Mortgage Loan) and (ii) the Lead Securitization
Trust (such parties in clause (i) and the Lead Securitization Trust, collectively, the “Indemnified Parties”)
against any claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any other costs, liabilities,
fees and expenses incurred in connection with the servicing and administration of

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the Mortgage Loan and the Mortgaged
Property under the Lead Securitization Servicing Agreement (collectively, the “Indemnified Items”) to the extent
of its pro rata share of such Indemnified Items.

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

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

For the avoidance
of doubt, no Non-Lead Holder shall be required to use general collections on the other mortgage loans in the related Non-Lead Securitization
Trust to reimburse any P&I Advances or any Nonrecoverable Advances that are P&I Advances on the Lead Securitization Notes
or any interest accrued and payable on such P&I Advances and Nonrecoverable Advances that are P&I Advances.

(f)               
The Non-Lead Master Servicer may be required to make P&I Advances on the related Non-Lead Securitization Note, from
time to time, subject to the terms of the related servicing agreement for the related Non-Lead Securitization Servicing Agreement.
Each Non-Lead Master Servicer, Non-Lead Special Servicer and Non-Lead Trustee, as applicable, shall be entitled to make their own
recoverability determination with respect to a P&I Advance to be made on the related Non-Lead Securitization Note based on
the information that they have on hand and in accordance with the related Non-Lead Securitization Servicing Agreement. Additionally,
the Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled to make their own recoverability determination
with respect to a P&I Advance to be made on the Lead Securitization Note (including different recoverability determinations
with respect to the B Note and the Note A-1) based on the information that they have on hand and in accordance with the Lead Securitization
Servicing Agreement. The Master Servicer and the Trustee, as applicable, and

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

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

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

(ii)              
in the event that the Master Servicer or the Special Servicer has determined that proceeds of the Mortgage Loan (or foreclosed
property) would be insufficient for reimbursement of the amounts described in clause (i) above and any collections allocable
to the B Note has been applied to pay such amounts, the related Non-Lead Master Servicer will be required to, promptly following
notice from the Master Servicer or the Special Servicer, pay the Master Servicer, the Special Servicer, the Certificate Administrator
or the Trustee or the Lead Securitization Trust, as applicable, such Non-Lead Securitization Trust’s Pro Rata Share of the
insufficiency out of general funds in the collection account (or equivalent account) established under the related Non-Lead Securitization
Servicing Agreement; and

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

(h)              
In the event that any filing is required to be made by the Depositor or any Non-Lead Depositor in order to comply with the
Depositor’s or such Non-Lead Depositor’s

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requirements under the Exchange Act,
the related Non-Lead Note Holder (including the related Non-Lead Depositor and related Non-Lead Trustee) or the Lead Securitization
Note Holder (including the Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee),
as applicable, shall use commercially reasonable efforts to timely comply with any such filing, in each case, in accordance with
the requirements of the Lead Securitization Servicing Agreement or the related Non-Lead Securitization Servicing Agreement respectively.

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

(j)                
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 and the Trustee and the Certificate Administrator shall reasonably
cooperate with such Non-Lead Asset Representations Reviewer in connection with such Asset Review by providing such Non-Lead Asset
Representations Reviewer with any documents reasonably requested by such Non-Lead Asset Representations Reviewer, but only to the
extent that such documents are in the possession of the Master Servicer, the Special Servicer, the Trustee or the Certificate Administrator
as the case may be, and are not in the possession of the Non-Lead Asset Representations Reviewer, Non-Lead Master Servicer, Non-Lead
Special Servicer or custodian under the related Non-Lead Securitization Servicing Agreement.

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

All amounts tendered
by the Mortgage Loan Borrower or otherwise available for payment on or with respect to or in connection with the Mortgage Loan
or the Mortgaged Property or amounts realized as proceeds thereof, whether received in the form of monthly payments, the Balloon
Payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit or other collateral or instrument securing the Mortgage
Loan or Insurance Proceeds or Condemnation Proceeds (other than and net of (1) 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, (2) all amounts for required reserves or escrows
required by the Mortgage Loan Documents (to the extent and in accordance with the terms of the Mortgage Loan Documents) to be held
as reserves or escrows, (3) all amounts received as reimbursements on account of recoveries in respect of Advances then due
and payable or reimbursable to the Servicer or the Non-Lead Master Servicer

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under the Lead Securitization Servicing
Agreement, (4) all amounts that are then due, payable or reimbursable to any Servicer, Certificate Administrator or Trustee
with respect to the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement (including, without limitation, reimbursement
of Servicing Advances and Administrative Advances with respect to the Mortgage Loan and P&I Advances on the Lead Securitization
Notes and interest thereon) and (5) any amounts that are then due and payable or reimbursable to any Non-Lead Master Servicer
(or Non-Lead Trustee) in respect of any P&I Advances and interest thereon in respect of Non-Lead Securitization Note (pursuant
to Non-Lead PSA) shall be applied and distributed by the Servicer in the following order of priority without duplication (and payments
shall be made at such times as are set forth in the Lead Securitization Servicing Agreement):

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

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

(iii)            
third, on a Pro Rata and Pari Passu Basis, to each Note A Holder, an amount equal to the aggregate of unreimbursed
Realized Losses previously allocated to such Note A Holder in accordance with the terms of Section 4 or Section 5(d),
plus interest thereon at the Net Note Rate for A Note compounded monthly from the date the related Realized Loss was allocated
to each A Note, such amount to be allocated to such Note A Holder, on a Pro Rata and Pari Passu Basis based on the amount of Realized
Losses previously allocated to each such Holder;

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

(v)              
fifth, to the Note B Holder in an amount equal to all principal payments (or other amounts allocated to principal)
received, if any, with respect to such Monthly Payment Date, until the Note Principal Balance of the B Note has been reduced to
zero;

(vi)            
sixth, to the Note B Holder, an amount equal to the aggregate of unreimbursed Realized Losses previously allocated
to the Note B Holder in accordance with the terms of Section 4 or Section 5(d), plus interest thereon at the Net Note
Rate for the B Note compounded monthly from the date the related Realized Loss was allocated to the B Note;

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

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

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

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

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

Section 5.               
Administration of the Mortgage Loan.

(a)               
Subject to this Agreement (including but not limited to Section 5(b)) and the Lead Securitization Servicing Agreement,
and subject to the rights and consents, where required, of the Controlling Note Holder Representative, the Lead Securitization
Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on behalf of the Lead Securitization Note Holder)
shall have the sole and exclusive authority with respect to the administration of, and exercise of rights and remedies with respect
to, the Mortgage Loan, including, without limitation,

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

Upon the Mortgage
Loan becoming a Specially Serviced Mortgage Loan, each Non-Lead Securitization 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) to sell
the Non-Lead Securitization Notes together with the Lead Securitization Notes as notes evidencing one whole loan in accordance
with the terms of the Lead Securitization Servicing Agreement. In connection with any such sale, the Special Servicer shall be
required to sell each Non-Lead Securitization Note together with the Lead Securitization Notes in the manner set forth in the Lead
Securitization Servicing Agreement.

Notwithstanding the
foregoing, the Lead Securitization Note Holder (or the Special Servicer acting on its behalf) will not be permitted to sell the
Mortgage Loan if the Mortgage Loan becomes a Specially Serviced Mortgage Loan without the written consent of each Non-Lead Securitization
Note Holder (provided that such consent is not required from any Non-Lead Securitization Note Holder that is a Borrower
Affiliate) 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 material amendments to such bid packages) received by the Special Servicer
in connection with any such proposed sale; (c) at least 10 days prior to the proposed sale date, a copy of the most recent
appraisal for the Mortgage Loan, and any documents in the servicing file reasonably requested by such Non-Lead Securitization Note
Holder that are material to the price of the Mortgage Loan; and (d) until the sale is completed, and a reasonable period of
time (but no less time than is afforded to other offerors) prior to the proposed sale date, all information and other documents
being provided to other offerors and all leases or other documents that are approved by the Servicer or the Special Servicer in
connection with the proposed sale; provided that such Non-Lead Securitization Note Holder may waive any of the

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delivery or timing requirements described
in this sentence. Subject to the terms of the Lead Securitization Servicing Agreement, each Non-Lead Securitization Note Holder
(or its representative) that is not a Borrower Affiliate shall be permitted to submit an offer at any sale of the Mortgage Loan.

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

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

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

Anything herein or
in the Lead Securitization Servicing Agreement to the contrary notwithstanding, if one of the Notes is included in a REMIC, 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

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

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

(d)              
Prior to calculating any amount of interest or principal due to the Note Holders under Section 3 hereof, the Servicer
shall reduce the Note B Principal Balance (not below zero) by any Realized Loss with respect to the Mortgage Loan, and after the
Note B Principal Balance has been reduced to zero, the Servicer shall reduce the Note A Principal Balance pro rata
(based on their respective outstanding Principal Balances) (in each case, not below zero) by any Realized Loss with respect to
the Mortgage Loan.

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

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

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

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

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

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the expiration of such ten (10) Business
Days such Major Decision shall be deemed to have been approved by the Controlling Note Holder.

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

No objection 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
of the Code or the Master Servicer or Special Servicer’s obligation to act in accordance with the Servicing Standard or materially
expand the scope of responsibilities of any of the Master Servicer or Special Servicer, as applicable.

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

(d)              
Each Non-Lead Note Holder shall have the right at any time to appoint a representative in connection with the exercise of
its rights and obligations with respect to the Mortgage Loan (the “Non-Lead Note Holder Representative”). Each
Non-Lead Note Holder shall have the right in its sole discretion at any time and from time to time to remove and replace the Non-Lead
Note Holder Representative in accordance with the terms of the Lead Securitization Servicing Agreement. When exercising its various
rights under Section 5 and elsewhere in this Agreement, each Non-Lead Note Holder may, at its option, in each case, act through
the Non-Lead

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Note Holder Representative. The Non-Lead
Note Holder Representative may be any Person (other than a Borrower Affiliate), including, without limitation, the related Non-Lead
Note Holder, any officer or employee of the related Non-Lead Note Holder, any affiliate of the related Non-Lead Note Holder or
any other unrelated third party. No such Non-Lead Note Holder Representative shall owe any fiduciary duty or other duty to any
other Person (other than such Non-Lead Note Holder). All actions that are permitted to be taken by each Non-Lead Note Holder under
this Agreement may be taken by a Non-Lead Note Holder Representative acting on behalf of such Non-Lead Note Holder.

(e)               
No Servicer, Trustee or Certificate Administrator acting on behalf of the Lead Securitization Note Holder shall be required
to recognize any Person as a Non-Lead Note Holder Representative until the related Non-Lead Note Holder has notified each Servicer,
Trustee and Certificate Administrator of such appointment and, if the Non-Lead Note Holder Representative is not the same Person
as the related Non-Lead Note Holder, the Non-Lead Note Holder Representative provides each Servicer, Trustee and Certificate Administrator
with written confirmation of its acceptance of such appointment (and such parties will be entitled to rely on such notice), an
address and facsimile number for the delivery of notices and other correspondence and a list of officers or employees of such Person
with whom the parties to this Agreement may deal (including their names, titles, work addresses and facsimile numbers). The related
Non-Lead Note Holder shall promptly deliver such information to each Servicer, Trustee and Certificate Administrator.

(f)               
(1) the Lead Securitization Note Holder (or the Special Servicer acting on its behalf) shall be required to provide
to each Non-Lead Note Holder or its related Non-Lead Note Holder Representative (provided that the Lead Securitization Note Holder
does not have knowledge that such Non-Lead Note Holder is a Borrower Affiliate) (i) notice, information and reports with respect
to any Major Decisions (similar to such notice, information and report it is required to deliver to the Directing Certificateholder
pursuant to the Lead Securitization Servicing Agreement) (for this purpose, without regard to whether such items are actually required
to be provided to the Directing Certificateholder under the Lead Securitization Servicing Agreement due to the occurrence of a
Control Event or a Consultation Termination Event) and (ii) a summary of any Asset Status Report relating to the Mortgage
Loan (at the same time as it is required to deliver to the Directing Certificateholder pursuant to the Lead Securitization Servicing
Agreement) (for this purpose, without regard to whether such Asset Status Report is actually required to be provided to the Directing
Certificateholder under the Lead Securitization Servicing Agreement due to the occurrence of a Control Event or a Consultation
Termination Event) and (2) the Lead Securitization Note Holder (or the Special Servicer acting on its behalf) shall be required
to consult with each Non-Lead Note Holder (or its related Non-Lead Note Holder Representative) on a strictly non-binding basis
with respect to any such Major Decision or the implementation of any recommended actions in such summary of the Asset Status Report
relating to the Mortgage Loan, and consider alternative actions recommended by the related Non-Lead Note Holder (or its related
Non-Lead Note Holder Representative); provided that after the expiration of a period of five (5) Business Days from the delivery
to a Non-Lead Note Holder (or its related Non-Lead Note Holder Representative) by the Lead Securitization Note Holder of written
notice of a proposed action, together with copies of the notice, information and report required to be provided to the Non-Lead
Note Holder, the Lead Securitization Note Holder (or the Special Servicer acting on its behalf) shall no longer be obligated to
consult with such Non-Lead Note Holder (or its related

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Non-Lead Note Holder Representative),
whether or not such Non-Lead Note Holder (or its related Non-Lead Note Holder Representative) has responded within such five (5)
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 five (5) Business
Day period shall be deemed to begin anew from the date of such proposal and delivery of all information relating thereto). Notwithstanding
the consultation rights of any Non-Lead Note Holder (or its related Non-Lead Note Holder Representative) set forth in the immediately
preceding sentence, the Lead Securitization Note Holder (or Special Servicer acting on its behalf) may make any Major Decision
or take any action set forth in the Asset Status Report before the expiration of the aforementioned five (5) Business Day period
if the Lead Securitization Note Holder (or Special Servicer) determines that immediate action with respect thereto is necessary
to protect the interests of the Note Holders. In no event shall the Lead Securitization Note Holder (or Servicer or Special Servicer,
acting on its behalf) be obligated at any time to follow or take any alternative actions recommended by any Non-Lead Note Holder
(or its related Non-Lead Note Holder Representative).

(g)              
In addition to the consultation rights of a Non-Lead Note Holder (or its related Non-Lead Note Holder Representative) provided
in the immediately preceding paragraph, each Non-Lead Note Holder shall have the right to attend annual meetings (either telephonically
or in person, in the discretion of the Servicer) with the Lead Securitization Note Holder (or the Master Servicer or the Special
Servicer acting on its behalf) at the offices of the Master Servicer or the Special Servicer, as applicable, 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; provided that each Non-Lead Note Holder, at the request of the Master Servicer or the Special
Servicer, as applicable, shall execute a confidentiality agreement in form and substance satisfactory to it, the Master Servicer
or the Special Servicer, as applicable, and the Lead Securitization Note Holder.

(h)              
Notwithstanding anything to the contrary stated herein, a Non-Lead Note Holder shall not be entitled to exercise the powers
described in Sections 6(f), 6(g) or 7 if it is a Borrower Affiliate.

Section 7.               
Appointment of Special Servicer. Subject to the terms of the Lead Securitization Servicing Agreement, the Controlling
Note Holder (or its Controlling Note Holder Representative) shall have the right at any time and from time to time, with or without
cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint a replacement Special Servicer
in lieu thereof. Any designation by the Controlling Note Holder (or its Controlling Note Holder Representative) of a Person to
serve as Special Servicer shall be made by delivering to the other Note Holder, the Servicer, the then existing Special Servicer
and other parties to the Lead Securitization Servicing Agreement a written notice stating such designation and satisfying the other
conditions to such replacement as set forth in the Lead Securitization Servicing Agreement and delivering a Rating Agency Confirmation
from each Rating Agency for each Securitization then outstanding with respect to which Certificates thereof are then rated by such
Rating Agency, provided, however, that Rating Agency Confirmation shall not be required from any Rating Agency rating
a Securitization if such replacement Special Servicer has the Required Special Servicer Rating from such Rating Agency. The Controlling
Note Holder shall be solely responsible for any expenses incurred in connection with any such replacement without

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cause. The Controlling Note Holder shall
notify the other parties hereto of its termination of the then currently serving Special Servicer and its appointment of a replacement
Special Servicer in accordance with this Section 7. If the Controlling Note Holder has not appointed a Special Servicer with
respect to the Mortgage Loan as of the consummation of the securitization under the Lead Securitization Servicing Agreement, then
the initial Special Servicer designated in the Lead Securitization Servicing Agreement shall serve as the initial Special Servicer
but this shall not limit the right of the Controlling Note Holder (or its Controlling Note Holder Representative) to designate
a replacement Special Servicer for the Mortgage Loan as aforesaid.

If a Special Servicer
Termination Event has occurred with respect to the Special Servicer that affects a Non-Lead Note Holder, such Non-Lead Note Holder
shall have the right to direct the Trustee (or at any time that the Mortgage Loan is no longer included in a Securitization Trust,
the Controlling Note Holder) to terminate the Special Servicer under the Lead Securitization Servicing Agreement (or at any time
that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the successor servicing
agreement pursuant to which the Mortgage Loan is being serviced) pursuant to and in accordance with the terms of the Lead Securitization
Servicing Agreement (or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing
Agreement, the successor servicing agreement pursuant to which the Mortgage Loan is being serviced). The Controlling Note Holder
and the Non-Lead Note Holders acknowledge and agree that any successor special servicer appointed to replace the Special Servicer
with respect to the Mortgage Loan that was terminated for cause at any Non-Lead 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-Lead Note Holder.
The applicable Non-Lead Note Holder shall be solely responsible for reimbursing the Trustee’s or the Controlling Note Holder’s,
as applicable, costs and expenses, if not paid within a reasonable time by the terminated special servicer and, in the case of
the Trustee, that would otherwise be reimbursed to the Trustee from amounts on deposit in the Collection Account or Companion Loan
Distribution Account.

Section 8.               
Payment Procedure.

(a)               
The Lead Securitization Note Holder, in accordance with the priorities set forth in Section 3 and subject to the terms
of the Lead Securitization Servicing Agreement, shall deposit or cause to be deposited all payments and collections on the Mortgage
Loan to the Collection Account and the portion of such payments and collections that are distributable to the Non-Lead Securitization
Note Holders shall be deposited into the Companion Loan Account pursuant to and in accordance with the Lead Securitization Servicing
Agreement. The Lead Securitization Note Holder (or the Master Servicer acting on its behalf) shall (i) deposit such amounts
to the applicable account within two (2) Business Days after receipt of properly identified funds by the Lead Securitization
Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower and (ii) remit from
the applicable account (A) prior to the Securitization Date, within two Business Days of receipt of properly identified funds
(unless otherwise specified pursuant to an interim servicing agreement) and (B) on or after the Securitization Date, (1) with
respect to the Lead Securitization Notes, the remittance date under the Lead Securitization Servicing Agreement for the Lead Securitization
Notes and (2) with respect to each Non-Lead Securitization Note, (x) prior to the Non-Lead Securitization, the remittance
date under the Lead Securitization Servicing Agreement for the Lead Securitization

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Notes and (y) on or after the Non-Lead
Securitization, the earlier of the remittance date under the Lead Securitization Servicing Agreement and the business day immediately
succeeding the “determination date” set forth in the related Non-Lead Securitization Servicing Agreement for such Non-Lead
Securitization Notes, all payments received and allocable pursuant to this Agreement and the Lead Securitization Servicing Agreement
with respect to the Non-Lead Securitization Notes (net of amounts payable or reimbursable from such account) by wire transfer to
accounts maintained by the applicable Note Holder.

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

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

(d)              
Each Note Holder agrees that if at any time it receives from any source 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(s), 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. Subject to the terms of the Lead Securitization Servicing Agreement
governing limitation on the liabilities of the Master Servicer, the Special Servicer, the Trustee and the Certificate Administrator
each Note Holder shall have no liability to any other Note Holder with respect to its Note except with respect to losses actually
suffered due to the negligence, willful misconduct or breach of this Agreement on the part of such Note Holder.

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

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

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

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

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

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

Section 14.           
Sale of the Notes.

(a)               
Each Note Holder agrees that it will not sell, assign, transfer, pledge, syndicate, participate, hypothecate, contribute,
encumber or otherwise dispose (either (i) directly or (ii) indirectly through entering into a derivatives contract or
any other similar agreement, excluding a repo financing or a Pledge in accordance with Section 14(d)) of a Note (a “Transfer”)
except to a Qualified Institutional Lender. Promptly after any Transfer, the non-transferring Note Holders shall be provided with
(x) a representation from the transferee or the applicable Note Holder certifying that such transferee is a Qualified Institutional
Lender (except in the case of a Transfer to a Securitization (and the related pooling and servicing or similar agreement requires
the parties thereto to comply with this Agreement) or in accordance with the immediately following sentence) and (y) a copy
of the assignment and assumption agreement referred to in Section 15. If a Note Holder intends to Transfer its respective
Note, or any portion thereof, to an

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entity that is not a Qualified Institutional
Lender, it must first obtain (x) prior to a Securitization, the consent of each non-transferring Note Holder, in which case
such new Note Holder shall be deemed to be a Qualified Institutional Lender pursuant to this Agreement, or (2) after a Securitization
of such non-transferring Note Holder’s Note, Rating Agency Confirmation from each of the applicable Rating Agencies for such
Securitization Trust (after which, such new Note Holder shall be deemed to be a Qualified Institutional Lender pursuant to this
Agreement). Notwithstanding the foregoing, without the non-transferring Note Holder’s prior consent (which will not be unreasonably
withheld), and, if such non-transferring Note Holder’s Note is held in a Securitization Trust, without Rating Agency Confirmation,
no Note Holder shall Transfer all or any portion of its Note (or a participation interest in such Note) to the Mortgage Loan Borrower
or a Borrower Affiliate and any such Transfer shall be absolutely null and void ab initio and shall vest no rights in the
purported transferee. The transferring Note Holder agrees that it will pay the expenses of the non-transferring Note Holder (including
all expenses of the Master Servicer, the Special Servicer and the Trustee) and all expenses relating to the confirmation from the
Rating Agencies in connection with any such Transfer. Notwithstanding the foregoing, each Note Holder shall have the right, without
the need to obtain the consent of any other Note Holder, the Rating Agencies or any other Person, to Transfer 49% or less (in the
aggregate) of its Note or any beneficial interest in its Note whether or not the related transferee is a Qualified Institutional
Lender. None of the provisions of this Section 14(a) shall apply in the case of (1) a sale of all of the Notes in accordance
with the terms and conditions of the Lead Securitization Servicing Agreement or (2) a transfer by the Special Servicer, in
accordance with the terms and conditions of the Lead Securitization Servicing Agreement, of the Mortgage Loan or the Mortgaged
Property, upon the Mortgage Loan becoming a Specially Serviced Mortgage Loan, to a single member limited liability or limited partnership,
100% of the equity interest in which is owned directly or indirectly, through one or more single member limited liability companies
or limited partnerships, by the Lead Securitization Trust.

(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)               
Any Note Holder may pledge (a “Pledge”) its Note to any entity (other than the Mortgage Loan Borrower
or any Borrower Affiliate) which has extended a credit facility to such Note Holder or has entered into a repurchase agreement
with such Note Holder that, in each case, is either a Qualified Institutional Lender or a financial institution whose long-term
unsecured debt is rated at least “A” (or the equivalent) or better by each Rating Agency or to an entity with respect
to which Rating Agency Confirmation has been obtained pursuant to this Section 14 (each 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 and Rating Agency Confirmation shall not be required, provided that a
Note Pledgee which is not a Qualified Institutional Lender may not take title to the pledged Note without

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

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

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

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

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

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

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

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

In connection with
any Transfer of a Note occurring hereafter (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 or the Transfer is
to a transferee in connection with a transfer to a Securitization Trust and the related pooling and servicing agreement or trust
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

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

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

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

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

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

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long as any Note is contained in a Securitization
Trust, the Note Holders shall not amend or modify this Agreement without first receiving a Rating Agency Confirmation from each
Rating Agency then rating any Certificates issued in a Securitization. However, no such confirmation from the Rating Agencies shall
be required in connection with a modification (i) to cure any ambiguity, to correct an error or supplement any provisions
herein that may be defective or inconsistent with any other provisions herein or with the Lead Securitization Servicing Agreement,
(ii) to make other provisions with respect to matters or questions arising under this Agreement, which shall not be inconsistent
with the provisions of this Agreement or (iii) entered into pursuant to Section 31 of this Agreement or (iv) if
and to the extent that it would be deemed given or not required pursuant to the definition of Rating Agency Confirmation in the
Lead Securitization Servicing Agreement and/or any Non-Lead Securitization Servicing Agreement, as applicable.

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

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

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

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

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

Section 24.           
Withholding Taxes. (a) If the Lead Securitization Note Holder or the Mortgage Loan Borrower is required by law
to deduct and withhold Taxes from interest, fees or other amounts payable to a Non-Lead Securitization Note Holder with respect
to the Mortgage Loan as a result of such Non-Lead Securitization Note Holder constituting a Non-Exempt Person,

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

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

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

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withholding of United States tax with
respect thereto. The Lead Securitization Note Holder shall not be obligated to make any payment hereunder with respect to a Non-Lead
Securitization Note or otherwise until the related Non-Lead Securitization Note Holder shall have furnished to the Lead Securitization
Note Holder requested forms, certificates, statements or documents.

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

Section 26.           
Cooperation in Securitization.

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

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

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

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

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

Section 29.           
Certain Matters Affecting the Agent.

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

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

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

(d)              
None of the Agent or any of its directors, officers, employees, Affiliates, agents or “control” persons within
the meaning of the Act shall 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;

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

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

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

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

(b)              
The Agent may resign at any time on ten (10) days’ prior notice, so long as a successor Agent, reasonably satisfactory
to the Note Holders (it being agreed that a Servicer, the Trustee or a Certificate Administrator in a Securitization is satisfactory
to the Note Holders), has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. JPM, 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 JPM without any further notice or other action. The termination or resignation of such Master
Servicer, as Master Servicer under the Lead Securitization Servicing Agreement, shall be deemed a termination or resignation of
such Master Servicer as Agent under this Agreement.

Section 31.           
Resizing. Notwithstanding any other provision of this Agreement, for so long as a Note Holder or an affiliate of
a Note Holder (the “Resizing Note Holder”) is the owner of a Non-Lead Securitization Note (the “Owned
Note”) and such Owned Note is not included in a Securitization, such Resizing Note Holder shall have the right, subject
to the terms of the Mortgage Loan Documents, to cause the Mortgage Loan Borrower to execute amended and restated notes or additional
notes (in either case, “New Notes”) reallocating the principal of the Owned Note to such New Notes; or severing
the Owned Note into one or more further “component” notes in the aggregate principal amount equal to the then outstanding
principal balance of the Owned Note provided that (i) the aggregate principal balance of all outstanding New Notes
following such amendments is no greater than the aggregate principal of the Owned Note prior to such amendments, (ii) all
Notes continue to have the same weighted average interest rate as the Notes prior to such amendments, (iii) all Notes pay
pro rata and on a pari passu basis (to the extent described in the Mortgage Loan Agreement) and such reallocated
or component notes shall be automatically subject to the terms of this Agreement, (iv) the Resizing Note Holder holding the
New Notes shall notify the Lead Securitization Note Holder, the Master Servicer, the Special Servicer, the Certificate Administrator
and the Trustee in writing (which may be by e-mail) of such modified allocations and principal amounts, and (v) the execution
of such amendments and New Notes does not violate the Servicing Standard. Except for the foregoing reallocation and

    40

     

    

for modifications pursuant to the Lead
Securitization Servicing Agreement (as discussed in Section 5), no Note may be modified or amended without the consent of
its holder and the consent of the holders of the other Notes. In connection with the foregoing (provided the conditions set forth
in (i) through (v) above are satisfied), (1) the Master Servicer is hereby authorized and directed to execute amendments
to the Mortgage Loan Documents and this Agreement (or to amend and restate any Mortgage Loan Document or this Agreement) on behalf
of any or all of the Note Holders, as applicable, solely for the purpose of reflecting such reallocation of principal or severing
of a Note (provided that such “component” notes shall each have their same rights as the respective original Note)
and (2) if more than one New Note is created hereunder, for purposes of exercising the rights of a Non-Lead Note Holder hereunder,
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.

[SIGNATURE PAGE FOLLOWS]

 

    41

     

    

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

	 	Initial Note A-1 Holder
	 	 	 
	 	JPMORGAN CHASE BANK, NATIONAL

ASSOCIATION, a national banking 

association
	 	 	 
	 	By:	/s/ Harris Rendelstein
	 	 	Name: Harris Rendelstein
	 	 	Title: Vice President
	 	 	 
	 	Initial Note A-2 Holder
	 	 	 
	 	JPMORGAN CHASE BANK, NATIONAL

ASSOCIATION, a national banking 

association
	 	 	 
	 	By:	/s/ Harris Rendelstein
	 	 	Name: Harris Rendelstein
	 	 	Title: Vice President
	 	 	 
	 	Initial Note A-3 Holder
	 	 	 
	 	JPMORGAN CHASE BANK, NATIONAL

ASSOCIATION, a national banking 

association
	 	 	 
	 	By:  	/s/ Harris Rendelstein
	 	 	Name: Harris Rendelstein
	 	 	Title: Vice President
	 	 	 

 

Co-Lender Agreement – ICON UES Portfolio

     

     

    

 

	 	Initial Note B Holder
	 	 	 
	 	JPMORGAN CHASE BANK, NATIONAL

ASSOCIATION, a national banking 

association
	 	 	 
	 	By:  	/s/ Harris Rendelstein
	 	 	Name: Harris Rendelstein
	 	 	Title: Vice President

 

Co-Lender Agreement – ICON UES Portfolio

 

 

     

     

    

EXHIBIT A

MORTGAGE LOAN SCHEDULE

Description of Mortgage Loan

	Mortgage Loan Borrowers:	242 East 75 Realty Associates LLC, 1556 Second Realty Associates LLC, 228 East 84 Realty Associates LLC, 244 East 78 Realty Associates LLC, 323 East 78 Realty Associates LLC, 338 East 55 Realty Associates LLC, 332 East 71 Realty Associates LLC, 322 East 74 Realty Associates LLC, 340 East 61 Realty Associates LLC, 342 East 76 Realty Associates LLC, 340 East 81 Realty Associates LLC, 340 East 55 Realty Associates LLC, 409 East 81 Realty Associates LLC, 407 East 81 Realty Associates LLC, 344 East 55 Realty Associates LLC, 443 East 78 Realty Associates LLC, 419 East 82 Realty Associates LLC, 502 East 73 Realty Associates LLC and 513 East 82 Realty Associates LLC
	Date of Mortgage Loan:	April 17, 2019
	Date of Notes:	April 17, 2019
	Original Principal Amount of Mortgage Loan:	$115,700,000
	Principal Amount of Mortgage Loan as of the date hereof:	$115,700,000
	Initial Note A-1 Principal Balance:	$8,500,000
	Initial Note A-2 Principal Balance:	$25,000,000
	Initial Note A-3 Principal Balance:	$25,000,000
	Initial Note B Principal Balance:	$57,200,000
	Location of Mortgaged Property:	
        1556 Second Avenue, New York, New York,

        228 East 84th Street, New York, New York,

        242 East 75th Street, New York, New York,

        244 East 78th Street, New York, New York,

        322 East 74th Street, New York, New York,

        323 East 78th Street, New York, New York,

        332 East 71st Street, New York, New York,

        338 East 55th Street, New York, New York,

        340 East 55th Street, New York, New York,

        340 East 61st Street, New York, New York,

        340 East 81st Street, New York, New York,

        342 East 76th Street, New York, New York,

        344 East 55th Street, New York, New York,

        407 East 81st Street, New York, New York,

        409 East 81st Street, New York, New York,

        419 East 82nd Street, New York, New York,

        443 East 78th Street, New York, New York,

        502 East 73rd Street, New York, New York and

        513 East 82nd Street, New York, New York

	Scheduled Maturity Date:	May 1, 2024

 

 

    A-1

     

    

EXHIBIT B

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

JPMorgan Chase Bank, National Association

Notice Address:

JPMorgan Chase Bank, National Association

383 Madison Avenue, 8th Floor

New York, New York 10179

Email: US_CMBS_Notice@jpmorgan.com

Attention: Kunal K. Singh

-and-

JPMorgan Chase Bank, National Association

4 New York Plaza, 21st Floor

New York, New York 10004

Email: US_CMBS_Notice@jpmorgan.com

Attention: SPG Legal

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

(Prior to Securitization of Note A-1
and Note B)

JPMorgan Chase Bank, National Association

Notice Address:

JPMorgan Chase Bank, National Association

383 Madison Avenue, 8th Floor

New York, New York 10179

Email: US_CMBS_Notice@jpmorgan.com

Attention: Kunal K. Singh

-and-

JPMorgan Chase Bank, National Association

4 New York Plaza, 21st Floor

New York, New York 10004

Email: US_CMBS_Notice@jpmorgan.com

Attention: SPG Legal

(Following Securitization of Note A-1
and Note B)

    B-1

     

    

(Following Securitization of the Lead
Securitization Notes):

(i)       Depositor:

J.P. Morgan Chase Commercial
Mortgage Securities Corp.

383 Madison Avenue, 8th Floor

New York, New York 10179

Attention: Kunal K. Singh

E-mail: US_CMBS_Notice @jpmorgan.com

with a copy to:

J.P. Morgan Chase Commercial
Mortgage Securities Corp.

4 New York Plaza, 21st Floor

New York, New York 10004

Attention: SPG Legal

E-mail: US_CMBS_Notice @jpmorgan.com

(ii)       Master
Servicer:

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

10851 Mastin Street, Suite 700

Overland Park, Kansas 66210

Attention: Executive Vice President
– Division Head

Fax Number: (888) 706-3565

with a copy to:

Eversheds Sutherland (US) LLP

700 Sixth Street, NW

Washington, DC 20001

Fax Number: (202) 637-3593

Attention: Lisa A. Rosen

(iii)       Special
Servicer:

CWCapital Asset Management LLC

7501 Wisconsin Avenue, Suite 500 West

Bethesda, Maryland 20814

Attention: Brian Hanson (JPMCC 2019-ICON UES)

facsimile number: (212) 715-9699

with a copy to:

CWCapital Asset Management LLC,

7501 Wisconsin Avenue, Suite 500 West

Bethesda, Maryland 20814

Attention: Legal Department (JPMCC 2019-ICON UES)

    B-2

     

    

(iv)       Certificate
Administrator or the Trustee:

Wells Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Corporate Trust Services - J.P. Morgan Chase Commercial Mortgage

Securities Trust 2019-ICON UES

Telephone: (410) 884-2000

with a copy to:

Facsimile: (410) 715-2380

Email: trustadministration@wellsfargo.com and

cts.cmbs.bond.admin@wellsfargo.com

    B-3

     

    

EXHIBIT C

1.       Angelo
Gordon

2.       Annaly
Capital Management

3.       Apollo
Global Management

4.       Ares
Management, L.P.

5.       Athene
Asset Management, L.P.

6.       Axonic
Capital LLC

7.       BlackRock,
Inc.

8.       The
Blackstone Group LP

9.       Brookfield
Asset Management Inc.

10.       Clarion
Partners

11.       Colony
Northstar, Inc.

12.       Fortress
Investment Group LLC

13.       Garrison
Investment Group

14.       Goldman,
Sachs & Co.

15.       H/2
Capital Partners

16.       iStar
Financial Inc.

17.       JPMorgan
Asset Management

18.       KKR
Real Estate Manager Finance LLC / KKR Real Estate Finance Holdings L.P. / Kohlberg Kravis Roberts & Co. L.P.

19.       LoanCore
Capital LLC

20.       Lone
Star Funds

21.       Loomis
Sayles & Company LP

22.       Metropolitan
Life Insurance Company / MetLife Real Estate Investments

23.       Oaktree
Capital Group LLC

24.       Och
– Ziff Capital Management Group LLC

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

26.       Oxford
Properties Group

27.       Praedium
Group

28.       Principal
Life Insurance Company

29.       Prudential
Real Estate Investors / Prudential Investment Management

30.       Rialto
Capital Advisors, LLC

31.       Rialto
Capital Management, LLC

32.       Rockwood
Capital

33.       Shelter
Growth Capital Partners LLC

34.       Starwood
Capital Group/Starwood Property Trust

35.       Square
Mile Capital Management LLC

36.       Torchlight
Investors

37.       Walton
Street Capital, LLC

38.       Waterfall
Asset Management LLC

39.       Westbrook
Partners

40.       Western
Asset Management Company

41.       WestRiver
Capital

 

 

    C-1Exhibit 4.14 

 

EXECUTION VERSION

 

 

NOV
Headquarters

CO-LENDER
AGREEMENT

Dated
as of June 27, 2019

between

LOANCORE
CAPITAL MARKETS LLC

(Note
A-1 Holder)

 

and

 

LCM
WAREHOUSE VII LLC

(Note
A-2 Holder)

    	 		 

     

    

TABLE
OF CONTENTS

Page

	1.	Definitions;
    Conflicts. 	2
	2.	Servicing
    of the Mortgage Loan. 	12
	3.	Priority
    of Notes. 	13
	4.	Workout.
    	13
	5.	Accounts;
    Payment Procedure. 	14
	6.	Limitation
    on Liability. 	14
	7.	Representations
    of the Holders. 	15
	8.	Independent
    Analyses of each Holder. 	15
	9.	No
    Creation of a Partnership or Exclusive Purchase Right. 	16
	10.	Not
    a Security. 	16
	11.	Other
    Business Activities of the Holders. 	16
	12.	Transfer
    of Notes. 	16
	13.	Exercise
    of Remedies by the Servicer. 	18
	14.	Rights
    of the Directing Holder. 	20
	15.	Appointment
    of Special Servicer. 	22
	16.	Rights
    of the Non-Directing Holder. 	22
	17.	Advances;
    Reimbursement of Advances. 	23
	18.	Provisions
    Relating to Securitization. 	24
	19.	Governing
    Law; Waiver of Jury Trial. 	30
	20.	Modifications.
    	30
	21.	Successors
    and Assigns; Third Party Beneficiaries. 	31
	22.	Counterparts.
    	31
	23.	Captions.
    	31
	24.	Notices.
    	31
	25.	Custody
    of Mortgage Loan Documents. 	31

 

    	 	-i-	 

     

    

THIS
CO-LENDER AGREEMENT (the “Agreement”), dated as of June 27, 2019, is between LOANCORE CAPITAL MARKETS LLC,
a Delaware limited liability company (“LCM”), having an address at 55 Railroad Avenue, Suite 100, Greenwich,
Connecticut 06830, as the holder of Note A-1 (in such capacity, the “Note A-1 Holder”) and LCM WAREHOUSE
VII LLC, a Delaware limited liability company (“Warehouse VII”), having an address c/o LoanCore Capital
at 55 Railroad Avenue, Suite 100, Greenwich, Connecticut 06830, as the holder of Note A-2 (in such capacity, the “Note
A-2 Holder”).

W
I T N E S S E T H:

WHEREAS,
LCM has made a mortgage loan in the original principal amount of $39,200,000 (the “Mortgage Loan”) to FM MCI
NOV LLC and FM WPI NOV LLC (collectively and together with each of its permitted successors and assigns, the “Borrower”),
pursuant to a loan agreement between the Borrower, as mortgage loan borrower (the “Mortgage Loan Borrower”),
and LCM, as lender, dated as of March 29, 2019 (the “Loan Agreement”);

WHEREAS,
the Mortgage Loan is evidenced by two promissory notes and the Mortgage Loan Borrower has executed and delivered to LCM (i) one
promissory note in the original principal amount of $20,000,000 (“Note A-1”) made by the Mortgage Loan Borrower
in favor of the Note A-1 Holder and (ii) one promissory note in the original principal amount of $19,200,000 (“Note A-2”
and together with Note A-1, the “Notes”) made by the Mortgage Loan Borrower in favor of LCM;

WHEREAS,
the Mortgage Loan is secured by a first mortgage lien (the “Mortgage”) on the property located in Texas, as
described on Exhibit A (collectively, the “Mortgaged Property”);

WHEREAS,
on or prior to the date hereof, LCM transferred its right, title and interest in and to Note A-2 to Warehouse VII;

WHEREAS,
LCM intends (but is not bound) to sell, transfer and assign its right, title and interest in and to Note A-1 to J.P. Morgan Chase
Commercial Mortgage Securities Corp. (“JPM Depositor”) as depositor, pursuant to a Mortgage Loan Purchase Agreement,
to be dated as of June 27, 2019, by and between JPM Depositor, as purchaser, and LCM, as seller, and JPM Depositor intends to
transfer its right, title and interest in and to Note A-1 to Wells Fargo Bank, National Association (“WFB”),
as trustee for the JPMCC Commercial Mortgage Securities Trust 2019-COR5 pursuant to a pooling and servicing agreement, to be dated
as of June 1, 2019 (the “Note A-1 PSA”), between JPM Depositor, Midland Loan Services, a Division of PNC Bank,
National Association, as master servicer and as special servicer, WFB, as trustee, WFB, as certificate administrator and custodian
and Pentalpha Surveillance LLC, as operating advisor and asset representations reviewer (such sales, transfers and assignments,
the “Note A-1 Securitization”);

WHEREAS,
at some time in the future, Warehouse VII intends (but is not bound) to sell, transfer and assign its right, title and interest
in and to Note A-2 back to LCM and LCM intends (but is not bound) to sell, transfer and assign its right, title and interest in
and to Note A-2

    	 		 

     

    

to
one or more future Securitizations (such sales, transfers and assignments, the “Note A-2 Securitization”);

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

NOW,
THEREFORE, in consideration of the mutual covenants 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, the terms of this Agreement shall control. Whenever used in this Agreement, the following terms shall have the respective
meanings set forth below unless the context clearly requires otherwise.

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

“Advance”
shall mean any P&I Advance or Property Advance made with respect to any of the Notes, the Mortgage Loan or the Mortgaged Property
pursuant to a PSA.

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

“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 the “Asset Representations Reviewer”
under the Non-Lead Securitization, as contemplated by Item 1101(m) of Regulation AB.

“Borrower”
shall mean the “Mortgage Loan Borrower” as such term is defined in in the recitals.

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

    	 	-2-	 

     

    

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

“Certificates”
shall mean any securities issued in connection with a Securitization.

“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).

“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 set forth in Section 18(d)(v).

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

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

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

“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, with respect to any Securitization, the depositor under the related PSA.

“Designated
Holder” shall mean the Holder of Note A-1.

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

    	 	-3-	 

     

    

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

“Excluded
Amounts” shall mean:

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

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

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

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

“First
Securitization” shall mean the first Securitization to close, which will be the Note A-1 Securitization.

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

“First
Securitization PSA” shall mean the PSA entered into in connection with the First Securitization.

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

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

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

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

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

“LCM”
shall mean LoanCore Capital Markets LLC and its successors in interest.

    	 	-4-	 

     

    

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

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

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

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

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

“Lead
Securitization Trust” shall mean the trust established under the Note A-1 Securitization.

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

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

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

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

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

“Master
Servicer Remittance Date” shall mean:

(a)               
With respect to the Lead Note, the “Master Servicer Remittance Date” (or analogous term) as defined in the
Servicing Agreement, and

(b)              
with respect to each other Note, the earlier of (1) the date set forth in clause (a) above and (2) the first Business Day
after the “determination date,” as such term or a similar term is defined in the related PSA for any such Note that
has been securitized, provided, however, that in no event may any such “determination date” occur prior to (and any
such otherwise earlier “determination date” shall, for purposes of this definition, be deemed to occur on) the sixth
day of each month or, if such sixth day is not a Business Day, the next succeeding Business Day.

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(d)(vii) 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.

    	 	-5-	 

     

    

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

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

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

“Mortgage
Interest Rate” shall mean the Mortgage Interest Rate set forth in the Mortgage Loan Schedule with respect to each Note.

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

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

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

 

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

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

“Non-Directing
Holder” shall mean the holder of all or a portion of Note A-2 or, if all or a portion of Note A-2 is 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 related PSA to exercise the rights granted to the Non-Directing Holder in this Agreement.

“Non-Lead
Master Servicer” shall mean the master servicer designated under the PSA other than the Note A-1 PSA.

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

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

“Non-Lead
Securitization” shall mean, at any time, each Securitization that is not then the Lead Securitization.

“Non-Lead
Servicing Agreements” shall mean from and after the date that any Note (other than Note A-1 or any other Note that is
deposited into the Note A-1 Securitization) is deposited into a Securitization, the related PSA.

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

    	 	-6-	 

     

    

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

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

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

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

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

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

“Note
A-2 Holder” shall mean Warehouse VII 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.

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

“P&I
Advance” shall mean an advance made by a party to any PSA with respect to a delinquent monthly debt service payment
on the Notes included in the related Securitization.

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

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

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

    	 	-7-	 

     

    

“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.

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

“PSA”
shall mean each “pooling and servicing agreement” entered into in connection with each related Securitization.

“Qualified
Servicer” shall mean any nationally recognized commercial mortgage loan servicer (1) rated at least “CSS3,”
in the case of a special servicer, or at least “CMS2,” in the case of a master servicer, by Fitch, (2) on the
S&P Select Servicer List as a U.S. Commercial Mortgage Master Servicer or a U.S. Commercial Mortgage Special Servicer, as
applicable, (3) as to which neither Moody’s nor KBRA has cited servicing concerns of such servicer as the sole or material
factor in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation
of a ratings downgrade or withdrawal) of securities in any CMBS transaction rated by Moody’s or KBRA, as applicable, and
serviced by such servicer prior to the time of determination, (4) rated at least “MOR CS3” by Morningstar and (5)
in the case of DBRS, such servicer is then acting as servicer or special servicer, as applicable,
in a commercial mortgage loan securitization rated by DBRS and DBRS has not downgraded or withdrawn the then-current rating on
any class of commercial mortgage securities or placed any class of commercial mortgage securities on watch citing the continuation
of such servicer as servicer or special servicer, as applicable, of such commercial mortgage securities as a material reason for
such downgrade or withdrawal. For purposes of this definition, for so long as any Note is included in a Securitization,
the ratings or actions of any Rating Agency that is not rating any such Securitization(s) shall not be considered.

“Qualified
Transferee” shall mean any Holder of a Note (or an Affiliate of any such entity) or one or more of the following (other
than a Borrower or any entity which is a Borrower Party Affiliate):

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

    	 	-8-	 

     

    

(ii)               
an investment company, money management firm or a “qualified institutional buyer” within the meaning of Rule
144A under the Securities Act of 1933, as amended, which regularly engages in the business of making or owning investments of
types similar to the Mortgage Loan; or

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

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

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

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

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

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

    	 	-9-	 

     

    

unsecured
debt is then rated in one of the top two rating categories of each of the Rating Agencies.

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

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

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

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

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

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

    	 	-10-	 

     

    

“Reporting
Article” shall mean, with respect to any PSA, the article of such PSA that relates to reporting under the Securities
Exchange Act of 1934, as amended, and Regulation AB.

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

“Securitization”
shall mean the Note A-1 Securitization and the Note A-2 Securitization, as the context requires.

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

“Servicing
Agreement” shall mean the Note A-1 PSA. In the event that the Lead Note is no longer in a Securitization the term “Servicing
Agreement” shall refer to the subsequent servicing agreement entered into pursuant to Section 2.

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

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

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

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

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

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

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

    	 	-11-	 

     

    

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

“Trustee”
shall mean the trustee under any PSA, as the context requires.

“Warehouse
VII” shall have the meaning given to such term in the recitals.

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

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

(c)               
If, at any time the Lead Note is no longer in a Securitization, the Designated Holder shall cause the Mortgage Loan to
be serviced pursuant to a servicing agreement that is substantially similar to the Servicing Agreement (and, if the Non-Lead Note
is in a Securitization, a Rating Agency Confirmation from the Rating Agencies that were engaged by the Depositor to rate such
Securitization shall be obtained) and all references herein to the “Servicing Agreement” shall mean such subsequent
Servicing Agreement; provided, however, that until a replacement Servicing Agreement has been entered into (and
such written confirmation has been obtained), the Designated Holder shall cause the Mortgage Loan to be serviced pursuant to the
provisions of the Servicing Agreement as if such agreement was still in full force and effect with respect to the Mortgage Loan;
provided, further, however, that until a replacement Servicing Agreement is in place, the actual servicing
of the Mortgage Loan may be performed by any Qualified Servicer appointed by the Designated 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 or a Borrower Party Affiliate
shall be deemed a third-party beneficiary of such provisions of the Servicing Agreement. It is understood that the 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

    	 	-12-	 

     

    

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

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

3.                 
Priority of Notes. Note A-1 and Note A-2 shall be of equal priority, and no portion of Note A-1 or Note A-2 shall
have priority or preference over any portion of the other Note or security therefor. Except for the Excluded Amounts, all amounts
tendered by the Borrower or otherwise available for payment on the Mortgage Loan, whether received in the form of Monthly Payments,
a balloon payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit or other instrument serving as security
on the Mortgage Loan, proceeds under title, hazard or other insurance policies or awards or settlements in respect of condemnation
proceedings or similar exercise of the power of eminent domain shall be distributed by the Master Servicer and applied to Note
A-1 and Note A-2 on a Pro Rata and Pari Passu Basis.

The
Servicing Agreement may provide for the application of Penalty Charges paid in respect of the Mortgage Loan to be used to (i) pay
the Master Servicer, the Trustee or the Special Servicer for interest accrued on any Property Advances and reimbursement of Property

    	 	-13-	 

     

    

Advances,
(ii) to pay the parties to any Securitization for interest accrued on any P&I Advance, (iii) to pay certain other
expenses incurred with respect to the Mortgage Loan and (iv) to pay to the Master Servicer and/or the Special Servicer as
additional servicing compensation.

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 Holders 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 any Note by wire transfer to
accounts maintained by the related 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(d)(vii)
of this Agreement.

If
any Servicer holding or having distributed any amount received or collected in respect of Note A-1 or Note A-2 determines, or
a court of competent jurisdiction orders, at any time that any amount received or collected in respect of Note A-1 or Note A-2
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 the related Holder, and such related 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 related Holder, any
Servicer or such other person or entity with respect thereto. Each Holder agrees that if at any time it shall receive from any
sources whatsoever any payment on account of the Mortgage Loan in excess of its distributable share thereof, it will promptly
remit such excess to the Master Servicer. The Master Servicer shall have the right to offset any amounts due hereunder from any
Holder with respect to the Mortgage Loan against any future payments due to such Holder under the Mortgage Loan, provided,
that the obligations of the Holders 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,

    	 	-14-	 

     

    

unconditional
and continuing obligations and each Servicer shall be deemed a third-party beneficiary of these provisions.

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

7.                 
Representations of the Holders. Each of the Holders hereby represents and warrants to, and covenants with each other
Holder that, as of the date hereof (or, in connection with a new Holder of a Note following a Transfer, as of the date of such
Transfer):

(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 the respective Note for its own account in the ordinary course of its business.

    	 	-15-	 

     

    

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

(viii)           
It is a Qualified Transferee.

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

9.                 
No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken
pursuant hereto, shall be deemed to constitute among any Holder (or the Master Servicer, Special Servicer or Trustee on its behalf)
and any other Holder a partnership, association, joint venture or other entity. Each Holder (or the Master Servicer, Special Servicer
or Trustee on its behalf) shall have no obligation whatsoever to offer to the other Holder 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 the other Holder, 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. Neither Holder shall have any obligation whatsoever to purchase from the other Holder any notes or interests in any
future loans originated by the other Holder or any of its Affiliates.

10.             
Not a Security. Neither Note A-1 nor Note A-2 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 Holder may make loans or otherwise
extend credit to, and generally engage in any kind of business with, any Borrower Party Affiliate, and receive payments on such
other loans or extensions of credit to any Borrower Party Affiliate and otherwise act with respect thereto freely and without
accountability, but only if none of the foregoing violate the Mortgage Loan Documents, in the same manner as if this Agreement
and the transactions contemplated hereby were not in effect.

    	 	-16-	 

     

    

12.             
Transfer of Notes. (a)  Each Holder may Transfer up to 49% (in the aggregate) of its beneficial interest
in its Note whether or not the related transferee is a Qualified Transferee without a Rating Agency Confirmation. Each Holder
agrees it shall not Transfer more than 49% (in the aggregate) of its beneficial interest in its Note, except to a Qualified Transferee,
unless (i) prior to a Securitization of any Note, the other Holder has consented to such Transfer, in which case the related
transferee (and its Affiliates) shall thereafter be deemed to be a “Qualified Transferee” for all purposes under this
Agreement, (ii) after a Securitization of any Note, a Rating Agency Confirmation has been received with respect to such Transfer,
in which case the related transferee shall thereafter be deemed to be a “Qualified Transferee” for all purposes under
this Agreement, or (iii) such Transfer is in connection with a sale by a Securitization Trust; provided that if such Transfer
is a Transfer of the Lead Note, such Transfer is to a Qualified Transferee. With respect to any Transfers pursuant to (i) or (ii)
above (except with respect to a Transfer to a Securitization Trust) such transferee must (x) assume in writing the obligations
of the transferring Holder hereunder and agree to be bound by the terms and provisions of this Agreement and, if applicable, the
Servicing Agreement and (y) remake each of the representations and warranties contained herein for the benefit of the other Holder.
Notwithstanding the foregoing, without the non-transferring Holder’s prior consent (which will not be unreasonably withheld),
and, if such non-transferring Holder’s Note is in a Securitization, without a Rating Agency Confirmation from each Rating
Agency that has been engaged by the Depositor to rate the securities issued in connection with such Securitization, no Holder
shall Transfer all or any portion of its Note to a Borrower or a Borrower Party Affiliate and any such Transfer shall be absolutely
null and void and shall vest no rights in the purported transferee. None of the provisions of this Section 12(a) shall
apply in the case of a sale of all of the Notes together, in accordance with the terms and conditions of the Lead Securitization
PSA.

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

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

(d)              
Notwithstanding anything to the contrary contained herein, each Holder may pledge or transfer (a “Pledge”)
its Note to any entity (other than a Borrower or any Borrower Party Affiliate) that has extended a credit facility to such Holder
or has entered into a repurchase agreement with such Holder and that, in each case, is either a Qualified Transferee or a financial
institution whose long-term unsecured debt is rated at least “A” (or the equivalent) or better by each Rating Agency
(a “Note Pledgee”), or to a Person with respect to which a Rating Agency Confirmation has been obtained, on
terms and conditions set forth in this Section 12(d), it being further agreed that a financing provided by a Note
Pledgee to any Holder or any Affiliate that controls such Holder that is secured by such Holder’s interest in its respective
Note and is structured as a repurchase arrangement, shall qualify as a “Pledge” hereunder on the condition

    	 	-17-	 

     

    

that
all applicable terms and conditions of this Section 12 are complied with. A Note Pledgee that is not a Qualified Transferee
may not take title to a Note without a Rating Agency Confirmation. Upon written notice, if any, by the pledging Holder to the
other Holder and the Servicer that a Pledge has been effected (including the name and address of the applicable Note Pledgee),
the other Holder agrees 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 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 or the Servicing Agreement (if the pledging Holder had the right to consent
to such amendment, modification, waiver or termination pursuant to the terms hereof) shall be effective against such Note Pledgee
without the written consent of such Note Pledgee, which consent shall not be unreasonably withheld, conditioned or delayed and
which consent shall be deemed to be given if Note Pledgee shall fail to respond to any request for consent to any such amendment,
modification, waiver or termination within 10 days after request therefor; (iv) that the other Holder 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 Holder or Servicer shall deliver to Note Pledgee such estoppel
certificate(s) as Note Pledgee shall reasonably request, provided that any such certificate(s) shall be in a form reasonably
satisfactory to the other Holder; and (vi) that, upon written notice (a “Redirection Notice”) to the Servicer
by such Note Pledgee that the pledging Holder is in default beyond any applicable cure periods with respect to the pledging 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 Holder 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 Holder in good faith to have been delivered by a Note Pledgee. Note Pledgee shall be permitted to exercise
fully its rights and remedies against the 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 Holder and the Servicer shall recognize such Note Pledgee (and any transferee (other than a Borrower or any
Borrower Party Affiliate) that is also a Qualified Transferee at any foreclosure or similar sale held by such Note Pledgee or
any transfer in lieu of foreclosure), and such Person’s successor and assigns, as the successor to the pledging Holder’s
rights, remedies and obligations under this Agreement, and any such Note Pledgee or Qualified Transferee shall assume in writing
the obligations of the pledging Holder hereunder accruing from and after such Transfer (i.e., realization upon the collateral
by such Note Pledgee)

    	 	-18-	 

     

    

and
agrees to be bound by the terms and provisions of this Agreement. The rights of a Note Pledgee under this Section 12(d)
shall remain effective as to any Holder (and any Servicer) unless and until such Note Pledgee shall have notified such Holder
(and any Servicer, as applicable) in writing that its interest in the pledged Note has terminated.

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

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

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

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

    	 	-19-	 

     

    

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

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

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

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

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

The
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 Holder and the Non-Directing Holder shall be permitted to
submit an offer at any sale of the Defaulted Mortgage Loan (unless such Person is a Borrower or a Borrower Party Affiliate).

The
Non-Lead Note Holder hereby appoints 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 Note. The Non-Lead Note Holder further agrees that, upon the request of the Lead Note Holder, the 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 such request, and shall deliver the related original Non-Lead Note, endorsed in blank, to or at the direction
of the Lead Note Holder in connection with the consummation of any such sale.

(d)              
Notwithstanding anything to the contrary contained herein, the exercise by the Servicer on behalf of the Holders of its
rights under this Section 13 shall be subject in all respects to any section of the Servicing Agreement governing
REMIC administration, and in no event shall the Servicer be permitted to take any action or refrain from taking any action if
taking or failing to take such action, as the case may be, would violate the laws of any applicable jurisdiction, breach the Mortgage
Loan Documents or be inconsistent with the Servicing Standard or violate any other provisions of the Servicing Agreement or violate
the REMIC

    	 	-20-	 

     

    

provisions
of the Code or any regulations promulgated thereunder, including, without limitation, the provisions of Section 2(f) of
this Agreement.

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

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

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

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

    	 	-21-	 

     

    

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

The
Holders acknowledge that the Servicing Agreement may contain certain provisions that give any operating advisor certain non-binding
consultation rights with respect to Major Actions.

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

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

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

    	 	-22-	 

     

    

the
Non-Lead Securitization(s), who shall forward such notice as and when required under the terms of the related Securitization documents;
and

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

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

(c)               
In addition to the foregoing non-binding consultation rights, the Non-Directing Holders shall have the right to 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 the Non-Directing
Holder.

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

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

    	 	-23-	 

     

    

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

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

(d)              
The parties to each 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 such PSA.

(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 the Non-Lead
Note share from the Non-Lead Note Holder.

18.             
Provisions Relating to Securitization.

(a)  New
Notes. For so long as a Note is not included in a Securitization, the Holder of such Note (the “Resizing Holder”)
shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Borrower to execute amended and restated
notes (“Amended Notes”) or additional notes (“New Notes”) reallocating the principal of
the Note or Notes that it owns (but in no case any Note that it does not then own) among Amended Notes and New Notes or severing
a Note into one or more further “component” notes in the aggregate principal amount equal to the then outstanding
principal balance of the Note or Notes being amended or created, provided that (i) the aggregate principal balance of the
Amended Notes and New Notes following such amendments is no greater than the principal balance of the Amended Notes and New Notes
prior to such amendments, (ii) all New Notes continue to have the same interest rate as the Amended Note of which it was a part
prior to such amendments, (iii) all New Notes pay pro rata and on a pari passu basis with the Amended Notes and
such reallocated or component notes shall be automatically subject to the terms of this Agreement and (iv) the Resizing Holder
holding the New Notes shall notify each other Holder, as applicable, and, if any

    	 	-24-	 

     

    

other
Note has been included in a securitization, the parties under each applicable PSA, in writing (which may be by email) of such
modified allocations and principal amounts. In connection with the foregoing, (1) the Master Servicer is hereby authorized to
execute amendments to the Loan Agreement and this Agreement (or to amend and restate the Loan Agreement and this Agreement) on
behalf of any or all of the Holders for the purpose of reflecting such reallocation of principal or such severing of a Note, (2)
if a Note is severed into “component” notes, such component notes shall each have their same rights as the respective
original Note, (3) the definition of the term “Securitization” and all of the related defined terms may be amended
(and new terms added, as necessary) to reflect the New Notes and (4) if Note A-1 is severed into “component” notes,
another note (or one of the New Notes) may be substituted for Note A-1 in the definition of “Designated Holder” and
“Directing Holder” and the definitions of “Lead Note” and “Lead Securitization” and “Non-Directing
Holder” will be revised accordingly. Neither Rating Agency Confirmation nor approval of the Directing Holder shall be required
for any amendments to this Agreement required to facilitate the terms of this Section 18(a). The Resizing Holder whose
Note is being reallocated or split pursuant to this Section 18(a) shall reimburse the other Holders for all costs and expenses
incurred by the other Holders in connection with the reallocation or split.

(b)              
The Non-Lead Servicing Agreement shall provide that:

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

(ii)           
if the applicable master servicer, special servicer or Trustee determines that a proposed P&I Advance, if made, or
any outstanding P&I Advance previously made, would be, or is, as applicable, a nonrecoverable advance, the master servicer
shall provide the other servicers written notice of such determination within 2 Business Days after such determination was made;

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

    	 	-25-	 

     

    

(iv)           
each of the Master Servicer and the Special Servicer shall be indemnified (as and to the same extent the Lead Securitization
Trust is required to indemnify each such party) against any claims, losses, penalties, fines, forfeitures, legal fees and related
costs, judgments and any other costs, liabilities, fees and expenses, incurred in connection with any PSA that relate solely to
its servicing of the Mortgage Loan, as applicable, and the master servicer under the Non-Lead Servicing Agreement will be required
to reimburse the Master Servicer, Special Servicer or Trustee under the Servicing Agreement, as applicable, out of general funds
in the collection account (or equivalent account) established under the Non-Lead Servicing Agreement;

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

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

(c)               
Notices to Parties.

(i)           
The Holder of the Lead Note shall provide the Depositor, the Trustee, the Servicer, and the Special Servicer under the
Non-Lead Servicing Agreement notice of the Lead Securitization in writing (which may be by email) prior to, or promptly following
the Lead Securitization Date. Such notice shall contain contact information for each of the parties to the Lead Securitization
PSA and the identity of the Controlling Class Representative under the Lead Securitization PSA. In addition, on the Lead Securitization
Date, the Lead Note Holder shall send a copy (in EDGAR-compatible format) of the Lead Securitization PSA to the Non-Lead Note
Holder (or in the case of the Non-Lead Note that is in a Securitization, to the Depositor, the Servicer, and the Special Servicer
under the related Non-Lead Servicing Agreement).

(ii)           
The Holder of each Note that is not included in the Lead Securitization shall provide the Depositor, the Servicer and the
Special Servicer under the Lead Securitization PSA (as of the closing date of each respective Securitization) (provided

    	 	-26-	 

     

    

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

(iii)           
The Holder of any Note that, upon closing of the Securitization of such Note, will constitute the Lead Note under this
Agreement, shall give the other Note Holder (except any Holder of any other Note included in such Securitization) written notice
in a timely manner (but no later than two (2) Business Day after the applicable filing date) of any 8-K/A filing made by the Depositor
regarding the related PSA if such filing contains revisions or changes to such PSA that are material to the other Note Holder.

(d)              
The Lead Securitization PSA shall:

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

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

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

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

(v)           
provide that (a) the Master Servicer, any primary servicer, the Special Servicer and the Trustee for the Lead Securitization,
certificate administrator or other party acting as custodian for the Lead Securitization shall be required to deliver (and shall
be required to cause each other servicer and servicing function participant (within the meaning of Items 1123 and 1122, respectively,
of Regulation AB) retained or engaged by

    	 	-27-	 

     

    

it
to deliver), to the parties to the Non-Lead Servicing Agreement, at its own expense, in a timely manner, the reports, certifications,
compliance statements, accountants’ assessments and attestations, information to be included in reports (including, without
limitation, Form ABS-15G, Form 10K, Form 10D, Form 8K), notices, and other materials specified in each of the other Servicing
Agreements as the parties to the Non-Lead Securitization may require in order to comply with (1) their obligations under the Securities
Act of 1933, as amended, Securities Exchange Act of 1934 (including Rule 15Ga-1), as amended, Regulation AB and Form SF-3, and
(2) any applicable comment letter from the United States Securities and Exchange Commission (the “Commission”)
or its obligations with respect to any Deficient Exchange Act Deliverable and any other applicable law and (b) without limiting
the generality of the foregoing, the Depositor or the related Lead Note Holder for a Lead Securitization shall provide in a timely
manner to the depositor and the Trustee for any prior Securitization a copy of the Lead Securitization PSA and each Lead Servicer
(at the expense of the Lead Note Holder) will be required, upon prior written request, to provide to the depositor and the Trustee
for any prior Securitization any other information required to comply in a timely manner with applicable filing requirements under
Items 1.01 and 6.02 of Form 8-K, any other disclosure information required pursuant to Regulation AB in a timely manner for inclusion
in any disclosure document (and, with respect to the Servicing Agreement, for filing under Form 8-K), and with respect to the
Lead Servicers (at the expense of the requesting party), upon prior written request, market indemnification agreements, opinions
and Regulation AB compliance letters as were or are being delivered with respect to the Lead Securitization. As used in this Agreement,
“Regulation AB” means Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§  229.1100-229.1125,
as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Commission
or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time, in each case as effective
from time to time as of the compliance dates specified therein. The Master Servicer, any primary servicer and the Special Servicer,
upon prior written request, shall each be required to provide certification and indemnification to each Certifying Person with
respect to the Sarbanes-Oxley Certification (or analogous terms) as such terms are defined in the related Non-Lead Servicing Agreements;

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

(vii)           
provide that, with respect to the Non-Lead Note, the Master Servicer shall withdraw from the related Collection Account
and remit to the Holder of the Non-Lead Note, within one (1) Business Day of receipt of properly identified and available funds,
any amounts that represent late collections or principal prepayments on such Non-Lead Note or any successor REO Property with
respect thereto (exclusive of any portion of such amount payable or reimbursable to any third party in accordance with this Agreement),
unless such amount would otherwise be included in the monthly remittance to the Holder of such Non-Lead Note for such month; provided,
however, that to the extent any such amounts are received after 3:00 p.m. Eastern time on any given Business

    	 	-28-	 

     

    

Day,
the Master Servicer shall use commercially reasonable efforts to remit late collections to the Non-Lead Master Servicer within
one Business Day of receipt of properly identified and available funds but, in any event, the Master Servicer shall remit such
amounts within two Business Days of receipt of properly identified funds;

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

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

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

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

(xii)           
provide that, in connection with (A) any amendment of the Servicing Agreement, a party to such Servicing Agreement is required
to provide a copy of the executed amendment to the depositor under the Non-Lead Servicing Agreement and one or more parties to
the Non-Lead Servicing Agreement (which may be by e-mail), together with a copy of such amendment in electronic format, no later
than the effective date of such amendment, and (B) the termination, resignation and/or replacement of the Master Servicer or Special
Servicer under the Servicing Agreement, the replacement “master servicer” or replacement “special servicer”,
as applicable, is required to provide to the depositor under the Non-Lead Servicing Agreement and one or more parties to the Non-Lead
Servicing Agreement all disclosure about itself that is required to be included in Form 8-K no later than the date of effectiveness
thereof (including, without limitation, any disclosure required under Item 1108 of Regulation AB) for the related Non-Lead Securitization
to comply with the applicable reporting obligations under the Securities Exchange Act of 1934, as amended;

(xiii)           
provide that “servicer termination events” (or any analogous term under the Servicing Agreement) include customary
market termination events with respect to failure to make advances, failure to remit payments to the Non-Lead Note Holder as required,
failure to deliver (or cause to be delivered) materials or information required in order for the Non-Lead Note Holder or the depositor
under the Non-Lead Servicing Agreement to timely comply with its obligations under the Securities Exchange Act of 1934, as amended,
the Securities Act of 1933, as amended, or Form SF-3, and for rating agency triggers with respect to any Certificates, subject
to customary grace periods

    	 	-29-	 

     

    

(provided
that, in the case of failures related to the securities laws, such grace periods will not cause a depositor under the Non-Lead
Servicing Agreement to fail to comply with the applicable provisions of such securities laws);

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

(xv)           
provide that the Non-Lead Note Holder shall be entitled to the same indemnity as the Lead Note Holder under the Lead Securitization
PSA with respect to the following items; each of the Master Servicer, the Special Servicer, the Trustee, the certificate administrator,
the operating advisor, and the custodian shall be required to indemnify each certifying person and the Depositor under any Non-Lead
Servicing Agreement, and their respective directors and officers and controlling persons, to the same extent that they indemnify
the Depositor of the Lead Securitization (in its capacity as such) and each certifying person for (i) its failure to deliver the
items in clause (v) above in a timely manner, (ii) its failure to perform its obligations to such Depositor of a Non-Lead Securitization
or Trustee of a Non-Lead Securitization under the Reporting Article (or any article substantially similar thereto) of the Lead
Securitization PSA by the time required after giving effect to any applicable grace period or cure period, (iii) the failure of
any servicer or servicing function participant retained by it to perform its obligations to such Depositor of a Non-Lead Securitization
or Trustee of a Non-Lead Securitization under such the Reporting Article (or any article substantially similar thereto) of the
Lead Securitization PSA by the time required and/or (iv) any deficient Securities Exchange Act of 1934 report regarding, and delivered
by or on behalf of, such party; and

(xvi)           
provide that, subject to certain applicable market caps and floor provisions, the special servicing, workout and liquidation
fee rates shall not exceed 0.25%, 1.00% and 1.00% (or, if such rate would result in a workout fee or liquidation fee that would
be less than $25,000, such higher rate as would result in a workout fee or liquidation fee equal to $25,000), respectively, subject
to any market minimum special servicing fees and fee offsets set forth in the Servicing Agreement.

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

    	 	-30-	 

     

    

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 (i) to cure any ambiguity, (ii) to correct
any error, (iii) to correct or supplement any provisions herein that may be defective or inconsistent with any other provision
or provisions herein or in the Servicing Agreement or (iv) as set forth in Section 18(a), this Agreement may not be modified
unless a Rating Agency Confirmation has been delivered with respect to each Securitization.

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

22.             
Counterparts. This Agreement may be executed in any number of counterparts and all of such counterparts shall together
constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Agreement in Portable
Document Format (PDF) or by facsimile transmission shall be as effective as delivery of a manually executed original counterpart
of this Agreement

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

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

25.             
Custody of Mortgage Loan Documents. The originals of all of the Mortgage Loan Documents (other than Note A-2) will
be held by the Note A-1 Trustee (or by a custodian on its behalf) under the terms of the Note A-1 PSA on behalf of both of the
Holders.

    	 	-31-	 

     

    

 

 

 

[NO
FURTHER TEXT ON THIS PAGE]

 

 

 

    	 	-32-	 

     

    

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

	 	Note
    A-1 Holder:
	 	 
	 	LOANCORE
    CAPITAL MARKETS LLC
	 	 
	 	 
	 	By:	/s/
    Tyler Shea
	 	 	Name:
    Tyler Shea
	 	 	Title:
    Authorized Signatory
	 	 	 
	 	Note
    A-2 Holder:
	 	 
	 	LCM
    WAREHOUSE VII LLC
	 	 
	 	 
	 	By:	/s/
    Tyler Shea
	 	 	Name:
    Tyler Shea
	 	 	Title:
    Authorized Signatory

 

(JPM
2019-COR5 – NOV Headquarters Co-Lender Agreement)

    	 		 

     

    

EXHIBIT
A

MORTGAGE
LOAN SCHEDULE

A.       Description
of Mortgage Loan

	Borrower:	FM
        MCI NOV LLC

        FM
        WPI NOV LLC

	Mortgage
    Loan Origination Date:  	March
    29, 2019
	Initial
    Principal Amount of Mortgage Loan:	$39,200,000
	Location
    of Mortgaged Property:	Houston,
    Texas
	Current
    Use of Mortgaged Property:	Office
    - Suburban
	Mortgage
    Interest Rate:	Note
    A-1:4.630%

    Note A-2: 4.630%
	Maturity
    Date:	April
    6, 2029

    	 	A-1	 

     

    

B.       Description
of Notes

	Mortgage
    Loan Origination Date:	March
    29, 2019
	Initial
    Note A-1 Principal Balance:	$20,000,000
	Initial
    Note A-2 Principal Balance:	$19,200,000
	Initial
    Note A-1 Percentage Interest:	51.02%
	Initial
    Note A-2 Percentage Interest:	48.98%
	Note
    A-1 Interest Rate:	4.630%
	Note
    A-2 Interest Rate:	4.630%
	Note
    A-1 Default Interest Rate:	Lesser
    of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-1 Interest Rate, compounded monthly
	Note
    A-2 Default Interest Rate:	Lesser
    of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-2 Interest Rate, compounded monthly

 

    	 	A-2	 

     

    

EXHIBIT
B

Holder
of Note A-1:

LoanCore
Capital Markets LLC

c/o LoanCore Capital

55 Railroad Avenue, Suite 100

Greenwich, Connecticut 06830

Attention: Dan Bennett

Email: dbennett@loancorecapital.com

Fax No.: (203) 861-6006

with
a copy to:

Cadwalader,
Wickersham & Taft LLP

200 Liberty Street

New York, New York 10281

Attention: Jeffrey Rotblat

Facsimile No.: (212) 504-6666

Email:
Jeffrey.Rotblat@cwt.com

 

Holder
of Note A-2:

LCM
Warehouse VII LLC

c/o LoanCore Capital

55 Railroad Avenue, Suite 100

Greenwich, Connecticut 06830

Attention: Dan Bennett

Email: dbennett@loancorecapital.com

Fax No.: (203) 861-6006

with
a copy to:

Cadwalader,
Wickersham & Taft LLP

200 Liberty Street

New York, New York 10281

Attention: Jeffrey Rotblat

Facsimile No.: (212) 504-6666

Email:
Jeffrey.Rotblat@cwt.com

    	 	B-1	 

     

    

EXHIBIT
C

PERMITTED
FUND MANAGERS

Westbrook
Partners

iStar Financial
Inc.

Capital
Trust

Archon
Capital, L.P.

Whitehall
Street Real Estate Fund, L.P.

The Blackstone
Group

Normandy
Real Estate Partners

Dune Real
Estate Partners

AllianceBernstein

Rockwood

RREEF Funds

Hudson
Advisors

Artemis
Real Estate Partners

Apollo
Real Estate Advisors

Colony
Capital, Inc.

Praedium
Group

Fortress
Investment Group, LLC

Lonestar
Opportunity Funds

Clarion
Partners

Walton
Street Capital, LLC

Starwood
Financial Trust

BlackRock,
Inc.

Eightfold
Real Estate Capital, L.P.

KKR Real
Estate Finance Manager LLC

Raith Capital
Partners, LLC

Rialto
Capital Management, LLC

Rialto
Capital Advisors, LLC

 

    	 	C-1

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