Document:

Exhibit 4.5

 

 

 

AGREEMENT BETWEEN NOTE HOLDERS

 

Dated as of December 27, 2017

by and between

 

SOCIéTé
GéNéRALE

(Initial Note A-1 Holder, Initial Note A-2 Holder, Initial Note A-3 Holder, Initial Note A-4 Holder, Initial Note A-5 Holder,
Initial Note A-6 Holder, Initial Note A-7 Holder and Initial Note A-8 Holder)

 

and

 

UBS AG, by and through its branch office at
1285 Avenue of the Americas, New York, New York

(Initial Note A-9 Holder, Initial Note A-10 Holder, Initial Note A-11 Holder, Initial Note A-12 Holder, Initial Note A-13 Holder,
Initial Note A-14 Holder, Initial Note A-15 Holder and Initial Note A-16 Holder)

 

AFIN PORTFOLIO

 

 

    

     

     

TABLE OF CONTENTS

 

Page

 

 

	Section 1.	Definitions	3
	Section 2.	Servicing of the Mortgage Loan	20
	Section 3.	Priority of Payments	28
	Section 4.	Workout	29
	Section 5.	Administration of the Mortgage Loan	29
	Section 6.	Rights of the Controlling Note Holder	34
	Section 7.	Appointment of Special Servicer	37
	Section 8.	Payment Procedure	37
	Section 9.	Limitation on Liability of the Note Holders	38
	Section 10.	Bankruptcy	39
	Section 11.	Representations of the Note Holders	39
	Section 12.	No Creation of a Partnership or Exclusive Purchase Right	40
	Section 13.	Other Business Activities of the Note Holders	40
	Section 14.	Sale of the Notes	40
	Section 15.	Registration of the Notes and Each Note Holder	43
	Section 16.	Governing Law; Waiver of Jury Trial	44
	Section 17.	Submission To Jurisdiction; Waivers	44
	Section 18.	Modifications	45
	Section 19.	Successors and Assigns; Third Party Beneficiaries	45
	Section 20.	Counterparts	45
	Section 21.	Captions	45
	Section 22.	Severability	46
	Section 23.	Entire Agreement	46
	Section 24.	Withholding Taxes	46
	Section 25.	Custody of Mortgage Loan Documents	47
	Section 26.	Cooperation in Securitization	47
	Section 27.	Notices	49
	Section 28.	Broker	49
	Section 29.	Certain Matters Affecting the Agent	49
	Section 30.	Agency	49
	Section 31.	Resignation of Agent	49
	Section 32.	Resizing	50

 

 

 

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THIS AGREEMENT BETWEEN NOTE
HOLDERS (“Agreement”), dated as of December 27, 2017, by and among Société Générale
(“SG”, together with its successors and assigns in interest, in its capacity as initial owner of the Note A-1,
the “Initial Note A-1 Holder”, and in its capacity as the initial agent, the “Initial Agent”),
SG (together with its successors and assigns in interest, in its capacity as initial owner of the Note A-2, the “Initial
Note A-2 Holder”, SG (together with its successors and assigns in interest, in its capacity as initial owner of the Note
A-3, the “Initial Note A-3 Holder”), SG (together with its successors and assigns in interest, in its capacity
as initial owner of the Note A-4, the “Initial Note A-4 Holder”), SG (together with its successors and assigns
in interest, in its capacity as initial owner of the Note A-5, the “Initial Note A-5 Holder”), SG (together
with its successors and assigns in interest, in its capacity as initial owner of the Note A-6, the “Initial Note A-6 Holder”),
SG (together with its successors and assigns in interest, in its capacity as initial owner of the Note A-7, the “Initial
Note A-7 Holder”), SG (together with its successors and assigns in interest, in its capacity as initial owner of the
Note A-8, the “Initial Note A-8 Holder”), UBS AG, by and through its branch office at 1285 Avenue of the Americas,
New York, New York (“UBS” and together with its successors and assigns in interest, in its capacity as initial
owner of the Note A-9, the “Initial Note A-9 Holder”), UBS (together with its successors and assigns in interest,
in its capacity as initial owner of the Note A-10, the “Initial Note A-10 Holder”), UBS (together with its successors
and assigns in interest, in its capacity as initial owner of the Note A-11, the “Initial Note A-11 Holder”),
UBS (together with its successors and assigns in interest, in its capacity as initial owner of the Note A-12, the “Initial
Note A-12 Holder”), UBS (together with its successors and assigns in interest, in its capacity as initial owner of the
Note A-13, the “Initial Note A-13 Holder”), UBS (together with its successors and assigns in interest, in its
capacity as initial owner of the Note A-14, the “Initial Note A-14 Holder”), UBS (together with its successors
and assigns in interest, in its capacity as initial owner of the Note A-15, the “Initial Note A-15 Holder”)
and UBS (together with its successors and assigns in interest, in its capacity as initial owner of the Note A-16, the “Initial
Note A-16 Holder” and together with the Initial Note A-1 Holder, the Initial Note A-2 Holder, the Initial Note A-3 Holder,
the Initial Note A-4 Holder, the Initial Note A-5 Holder, the Initial Note A-6 Holder, the Initial Note A-7 Holder, the Initial
Note A-8 Holder, the Initial Note A-9 Holder, the Initial Note A-10 Holder, the Initial Note A-11 Holder, the Initial Note A-12
Holder, the Initial Note A-13 Holder, the Initial Note A-14 Holder, the Initial Note A-15 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), SG and UBS co-originated a certain loan (the “Mortgage Loan”) described
on the schedule attached hereto as Exhibit A (the “Mortgage Loan Schedule”) to the mortgage loan borrower described
on the Mortgage Loan Schedule (the “Mortgage Loan Borrower”), which was evidenced, inter alia,
by a sixteen (16) promissory notes, each dated as of the respective dates set forth in Exhibit A hereto: (i) one promissory note
in the original principal amount of $25,000,000 (as amended, modified or supplemented, “Note A-1”) made
by the Mortgage Loan Borrower in favor of the Initial Note A-1 Holder, (ii) one promissory note in the original principal
amount of $25,000,000 (as amended, modified or supplemented, “Note A-2”) made by the Mortgage Loan Borrower
in favor of the Initial Note A-2 Holder, (iii) one promissory note in the original principal amount of $20,000,000 (as amended,
modified or supplemented, “Note A-3”) made by the Mortgage Loan

 

 

    

     

     

Borrower in favor of the Initial
Note A-3 Holder, (iv) one promissory note in the original principal amount of $12,000,000 (as amended, modified or supplemented,
“Note A-4”) made by the Mortgage Loan Borrower in favor of the Initial Note A-4 Holder, (v) one promissory
note in the original principal amount of $10,000,000 (as amended, modified or supplemented, “Note A-5”)
made by the Mortgage Loan Borrower in favor of the Initial Note A-5 Holder, (vi) one promissory note in the original principal
amount of $10,000,000 (as amended, modified or supplemented, “Note A-6”) made by the Mortgage Loan Borrower
in favor of the Initial Note A-6 Holder, (vii) one promissory note in the original principal amount of $5,000,000 (as amended,
modified or supplemented, “Note A-7”) made by the Mortgage Loan Borrower in favor of the Initial Note A-7
Holder, (viii) one promissory note in the original principal amount of $5,000,000 (as amended, modified or supplemented, “Note A-8”)
made by the Mortgage Loan Borrower in favor of the Initial Note A-8 Holder, (ix) one promissory note in the original principal
amount of $20,000,000 (as amended, modified or supplemented, “Note A-9”) made by the Mortgage Loan Borrower
in favor of the Initial Note A-9 Holder, (x) one promissory note in the original principal amount of $20,000,000 (as amended,
modified or supplemented, “Note A-10”) made by the Mortgage Loan Borrower in favor of the Initial Note A-10
Holder, (xi) one promissory note in the original principal amount of $15,000,000 (as amended, modified or supplemented, “Note A-11”)
made by the Mortgage Loan Borrower in favor of the Initial Note A-11 Holder, (xii) one promissory note in the original principal
amount of $15,000,000 (as amended, modified or supplemented, “Note A-12”) made by the Mortgage Loan Borrower
in favor of the Initial Note A-12 Holder, (xiii) one promissory note in the original principal amount of $10,000,000 (as amended,
modified or supplemented, “Note A-13”) made by the Mortgage Loan Borrower in favor of the Initial Note A-13
Holder, (xiv) one promissory note in the original principal amount of $8,000,000 (as amended, modified or supplemented, “Note A-14”)
made by the Mortgage Loan Borrower in favor of the Initial Note A-14 Holder, (xv) one promissory note in the original principal
amount of $5,000,000 (as amended, modified or supplemented, “Note A-15”) made by the Mortgage Loan Borrower
in favor of the Initial Note A-15 Holder and (xvi) one promissory note in the original principal amount of $5,000,000 (as
amended, modified or supplemented, “Note A-16” and together with Note A-1, Note A-2, Note A-3, Note A-4,
Note A-5, Note A-6, Note A-7, Note A-8, Note A-9, Note A-10, Note A-11, Note A-12, Note A-13, Note A-14 and Note A-15, the “Notes”)
made by the Mortgage Loan Borrower in favor of the Initial Note A-16 Holder. The Notes are secured by a first mortgage (as
amended, modified or supplemented, the “Mortgage”) on certain real property located as described on the Mortgage
Loan Schedule and commonly known as “AFIN Portfolio” (the “Mortgaged Property”);

 

WHEREAS, each Initial Note
Holder intends, but is not bound, to sell, transfer and assign all or a portion of its right, title and interest in and to its
respective Note to a depositor who will in turn transfer the same to a trust as part of the securitization of one or more mortgage
loans (which may be different depositors and trusts with respect to each Note);

 

WHEREAS, the Initial Note
Holders desire to enter into this Agreement to memorialize the terms under which they, and their successors and assigns, shall
hold their respective Notes;

 

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

 

 

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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.

 

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

 

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

 

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

 

“Agent Office”
shall mean the designated office of the Agent, which office at the date of this Agreement is located at Société Générale,
245 Park Avenue, New York, New York 10167, Attention: Jim Barnard, Facsimile number: (212) 278-2074, Email address: Jim.Barnard@sgcib.com,
and which is the address to which notices to and correspondence with the Agent should be directed. The Agent may change the address
of its designated office by notice to the Note Holders.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

 

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

 

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

 

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

 

“Controlling Note
Holder” shall mean the Note A-8 Holder; provided that at any time Note A-8 is included in a Securitization,
references to the “Controlling Note Holder” herein shall mean the holders of the majority of the class of securities
issued in such Securitization designated as the “controlling class” or such other class(es) otherwise assigned the
rights to exercise the rights of the “Controlling Note Holder” hereunder, as and to the extent provided in the related
Securitization Servicing Agreement.

 

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

 

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

 

“Depositor”
shall mean with respect to each Securitization, the depositor under the Lead Securitization Servicing Agreement or related Non-Lead
Securitization Servicing Agreement.

 

“Directing Certificateholder”
shall have the meaning assigned to such term in the related 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.

 

“First Securitization”
shall mean the earliest to occur of the Note A-1 Securitization, Note A-2 Securitization, Note A-3 Securitization, Note A-4 Securitization,
Note A-5 Securitization, Note A-6 Securitization, Note A-7 Securitization, Note A-8 Securitization, Note A-9 Securitization, Note
A-10 Securitization, Note A-11 Securitization, Note A-12 Securitization, Note A-13 Securitization, Note A-14 Securitization, Note
A-15 Securitization and the Note A-16 Securitization.

 

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

 

“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.

 

 

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“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 A-4
Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

 

“Initial Note A-5
Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

 

“Initial Note A-6
Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

 

“Initial Note A-7
Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

 

“Initial Note A-8
Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

 

“Initial Note A-9
Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

 

“Initial Note A-10
Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

 

“Initial Note A-11
Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

 

“Initial Note A-12
Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

 

“Initial Note A-13
Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

 

“Initial Note A-14
Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

 

“Initial Note A-15
Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

 

“Initial Note A-16
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.

 

 

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

 

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

 

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

 

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

 

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

 

“Lead Asset Representations
Reviewer” shall mean the “Asset Representations Reviewer” as defined in the Lead Securitization Servicing
Agreement.

 

“Lead Securitization”
shall mean (a) if the First Securitization is also the Note A-8 Securitization, such First Securitization and (b) if the First
Securitization is not also the Note A-8 Securitization, then (i) for the period from the closing date of the First Securitization
until the Note A-8 Securitization Date, the First Securitization and (ii) on and after the Note A-8 Securitization Date, the Note
A-8 Securitization.

 

“Lead Securitization
Note” shall mean (a) during the period from and after the Securitization of any Note (other than Note A-8) but prior
to the Note A-8 Securitization Date,

 

 

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the Note to be contributed
to the First Securitization; and (b) on and after the Note A-8 Securitization Date, Note A-8.

 

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

 

“Lead Securitization
Servicing Agreement” shall mean, as of any date of determination, the pooling and servicing agreement that governs the
Securitization that is then the Lead Securitization; provided, that during any period that the Mortgage Loan is no longer subject
to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall
be determined in accordance with the second paragraph of Section 2(a).

 

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

 

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

 

“Loan Combination
Custodial Account” shall mean the “Loan Combination Custodial Account” or similar term for such account as
defined in the Lead Securitization Servicing Agreement.

 

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

 

“Master Servicer”
shall mean the master servicer appointed as provided in the Lead Securitization Servicing Agreement and any successor thereunder.

 

“Monthly Payment
Date” shall mean the Scheduled Payment Date (as defined in the Mortgage Loan Documents).

 

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

 

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

 

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

 

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

 

“Mortgage Loan Agreement”
shall mean the Loan Agreement, dated as of December 8, 2017, between ARC CPOKCOK001, LLC, ARC SMWMBFL001, LLC, ARC CPFAYNC001,
LLC, ARC SPSANTX001, LLC, ARC JCLOUKY001, LLC, ARC NPHUBOH001, LLC, ARC ASANDSC001, LLC, ARC NLLKFL001, LLC, ARC RBASHNC001, LLC,
ARC MCLVSNV001, LLC, ARC BBLVSNV001, LLC AND ARC RGHCHRN001, LLC, as Mortgage Loan Borrower, SG, as lender, and UBS, as lender,
as may

 

 

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be amended, restated, supplemented
or otherwise modified from time to time, subject to the terms hereof).

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Non-Controlling
Note” means each of Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6, Note A-7, Note A-9, Note A-10, Note A-11,
Note A-12, Note A-13, Note A-14 and Note A-16 and any New Note designated as a “Non-Controlling Note” hereunder pursuant
to Section 33.

 

“Non-Controlling
Note Holder” means any holder of a Non-Controlling Note; provided that at any time such holder’s Note is
included in a Securitization, references to the “Non-Controlling Note Holder” herein shall mean the Directing Certificateholder
or any other party assigned the rights to exercise the rights of the “Non-Controlling Note Holder” hereunder, as and
to the extent provided in the related Securitization Servicing Agreement and as to the identity of which the Lead Securitization
Note Holder (and the Master Servicer and the Special Servicer) has been given written notice. If at any time 50% or more of a Non-Controlling
Note is held by (or the majority “controlling class” holder or other party assigned the rights to exercise the rights
of such “Non-Controlling Note Holder” (as described above) is) the Mortgage Loan Borrower or an Affiliate of the Mortgage
Loan Borrower, such Non-Controlling Note Holder shall not be entitled to exercise any rights of the Non-Controlling Note Holder
and neither any Non-Controlling Note Holder nor any other person shall be entitled to exercise the rights of such Non-Controlling
Note Holder (and if the Non-Controlling Note is included in a Securitization the related Securitization Servicing Agreement shall
contain limitations on the rights of any Non-Controlling Note Holder that can be exercised by a certificateholder that is the Mortgage
Loan Borrower or has certain relationships with the Mortgage Loan Borrower).

 

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

 

 

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“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 the Non-Lead Securitization Servicing Agreement.

 

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

 

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

 

“Non-Lead Securitization
Note” shall mean:

 

(1)        
during the period from and after the Note A-1 Securitization Date and prior to the Note A-2 Securitization Date, Note A-2,
Note A-3, Note A-4, Note A-5, Note A-6, Note A-7, Note A-8, Note A-9, Note A-10, Note A-11, Note A-12, Note A-13, Note A-14, Note
A-15 and Note A-16 and

 

(2)         on
and after the Note A-2 Securitization Date, Note A-1, Note A-3, Note A-4, Note A-5, Note A-6, Note A-7, Note A-8, Note
A-9, Note A-10, Note A-11, Note A-12, Note A-13, Note A-14, Note A-15 and Note A-16.

 

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

 

“Non-Lead Securitization
Servicing Agreement” shall mean the Securitization Servicing Agreement related to any Non-Lead Securitization Note .

 

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

 

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

 

 

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

 

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

 

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

 

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

 

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

 

“Note A-1 Special
Servicer” shall mean the special servicer under the Note A-1 PSA.

 

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

 

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

 

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

 

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

 

“Note A-2 Master
Servicer” shall mean the master servicer under the Note A-2 PSA.

 

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

 

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

 

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

 

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

 

 

    -10-

     

     

“Note A-2 Special
Servicer” shall mean the special servicer under the Note A-2 PSA.

 

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

 

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

 

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

 

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

 

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

 

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

 

“Note A-4 Holder”
shall mean the Initial Note A-3 Holder or any subsequent holder of Note A-4, as applicable.

 

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

 

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

 

“Note A-5”
shall have the meaning assigned to such term in the recitals.

 

“Note A-5 Holder”
shall mean the Initial Note A-5 Holder or any subsequent holder of Note A-5, as applicable.

 

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

 

“Note A-5 Securitization”
shall mean the first sale by the Note A-5 Holder of all or a portion of Note A-5 to a depositor, who will in turn include
such portion of Note A-5 as part of the securitization of one or more mortgage loans.

 

“Note A-6”
shall have the meaning assigned to such term in the recitals.

 

 

    -11-

     

     

“Note A-6 Holder”
shall mean the Initial Note A-6 Holder or any subsequent holder of Note A-6, as applicable.

 

“Note A-6 Principal
Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-6 Principal
Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-6 Holder or reductions
in such amount pursuant to Section 3 or 4, as applicable.

 

“Note A-6 Securitization”
shall mean the first sale by the Note A-6 Holder of all or a portion of Note A-6 to a depositor, who will in turn include
such portion of Note A-6 as part of the securitization of one or more mortgage loans.

 

“Note A-7”
shall have the meaning assigned to such term in the recitals.

 

“Note A-7 Holder”
shall mean the Initial Note A-7 Holder or any subsequent holder of Note A-7, as applicable.

 

“Note A-7 Principal
Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-7 Principal
Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-7 Holder or reductions
in such amount pursuant to Section 3 or 4, as applicable.

 

“Note A-7 Securitization”
shall mean the first sale by the Note A-7 Holder of all or a portion of Note A-7 to a depositor, who will in turn include
such portion of Note A-7 as part of the securitization of one or more mortgage loans.

 

“Note A-8”
shall have the meaning assigned to such term in the recitals.

 

“Note A-8 Holder”
shall mean the Initial Note A-8 Holder or any subsequent holder of Note A-8, as applicable.

 

“Note A-8 Principal
Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-8 Principal
Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-8 Holder or reductions
in such amount pursuant to Section 3 or 4, as applicable.

 

“Note A-8 Securitization”
shall mean the first sale by the Note A-8 Holder of all or a portion of Note A-8 to a depositor, who will in turn include
such portion of Note A-8 as part of the securitization of one or more mortgage loans.

 

“Note A-9”
shall have the meaning assigned to such term in the recitals.

 

“Note A-9 Holder”
shall mean the Initial Note A-9 Holder or any subsequent holder of Note A-9, as applicable.

 

“Note A-9 Principal
Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-9 Principal
Balance set forth on the Mortgage Loan

 

 

    -12-

     

     

Schedule, less any payments
of principal thereon received by the Note A-9 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

 

“Note A-9 Securitization”
shall mean the first sale by the Note A-9 Holder of all or a portion of Note A-9 to a depositor, who will in turn include
such portion of Note A-9 as part of the securitization of one or more mortgage loans.

 

“Note A-10”
shall have the meaning assigned to such term in the recitals.

 

“Note A-10 Holder”
shall mean the Initial Note A-10 Holder or any subsequent holder of Note A-10, as applicable.

 

“Note A-10 Principal
Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-10 Principal
Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-10 Holder or reductions
in such amount pursuant to Section 3 or 4, as applicable.

 

“Note A-10
Securitization” shall mean the first sale by the Note A-10 Holder of all or a portion of Note A-10 to a depositor,
who will in turn include such portion of Note A-10 as part of the securitization of one or more mortgage loans.

 

“Note A-11”
shall have the meaning assigned to such term in the recitals.

 

“Note A-11 Holder”
shall mean the Initial Note A-11 Holder or any subsequent holder of Note A-11, as applicable.

 

“Note A-11 Principal
Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-11 Principal
Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-11 Holder or reductions
in such amount pursuant to Section 3 or 4, as applicable.

 

“Note A-11
Securitization” shall mean the first sale by the Note A-11 Holder of all or a portion of Note A-11 to a depositor,
who will in turn include such portion of Note A-11 as part of the securitization of one or more mortgage loans.

 

“Note A-12”
shall have the meaning assigned to such term in the recitals.

 

“Note A-12 Holder”
shall mean the Initial Note A-12 Holder or any subsequent holder of Note A-12, as applicable.

 

“Note A-12 Principal
Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-12 Principal
Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-12 Holder or reductions
in such amount pursuant to Section 3 or 4, as applicable.

 

“Note A-13”
shall have the meaning assigned to such term in the recitals.

 

 

    -13-

     

     

“Note A-13 Holder”
shall mean the Initial Note A-13 Holder or any subsequent holder of Note A-13, as applicable.

 

“Note A-13 Principal
Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-13 Principal
Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-13 Holder or reductions
in such amount pursuant to Section 3 or 4, as applicable.

 

“Note A-13
Securitization” shall mean the first sale by the Note A-13 Holder of all or a portion of Note A-13 to a depositor,
who will in turn include such portion of Note A-13 as part of the securitization of one or more mortgage loans.

 

“Note A-14”
shall have the meaning assigned to such term in the recitals.

 

“Note A-14 Holder”
shall mean the Initial Note A-14 Holder or any subsequent holder of Note A-14, as applicable.

 

“Note A-14 Principal
Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-14 Principal
Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-14 Holder or reductions
in such amount pursuant to Section 3 or 4, as applicable.

 

“Note A-14
Securitization” shall mean the first sale by the Note A-14 Holder of all or a portion of Note A-14 to a depositor,
who will in turn include such portion of Note A-14 as part of the securitization of one or more mortgage loans.

 

“Note A-15”
shall have the meaning assigned to such term in the recitals.

 

“Note A-15 Holder”
shall mean the Initial Note A-15 Holder or any subsequent holder of Note A-15, as applicable.

 

“Note A-15 Principal
Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-15 Principal
Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-15 Holder or reductions
in such amount pursuant to Section 3 or 4, as applicable.

 

“Note A-15
Securitization” shall mean the first sale by the Note A-15 Holder of all or a portion of Note A-15 to a depositor,
who will in turn include such portion of Note A-15 as part of the securitization of one or more mortgage loans.

 

“Note A-16”
shall have the meaning assigned to such term in the recitals.

 

“Note A-16 Holder”
shall mean the Initial Note A-16 Holder or any subsequent holder of Note A-16, as applicable.

 

“Note A-16 Principal
Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-16 Principal
Balance set forth on the Mortgage

 

 

    -14-

     

     

Loan Schedule, less any payments
of principal thereon received by the Note A-16 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

 

“Note A-16
Securitization” shall mean the first sale by the Note A-16 Holder of all or a portion of Note A-16 to a depositor,
who will in turn include such portion of Note A-16 as part of the securitization of one or more mortgage loans.

 

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

 

“Note Holders”
shall mean collectively, the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note
A-5 Holder, the Note A-6 Holder, the Note A-7 Holder, the Note A-8 Holder, the Note A-9 Holder, the Note A-10 Holder, the Note
A-11 Holder, the Note A-12 Holder, the Note A-13 Holder, the Note A-14 Holder, the Note A-15 Holder and the Note A-16 Holder.

 

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

 

“Note Principal
Balance” shall mean each of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal Balance,
the Note A-4 Principal Balance, the Note A-5 Principal Balance, the Note A-6 Principal Balance, the Note A-7 Principal Balance,
the Note A-8 Principal Balance, the Note A-9 Principal Balance, the Note A-10 Principal Balance, the Note A-11 Principal Balance,
the Note A-12 Principal Balance, the Note A-13 Principal Balance, the Note A-14 Principal Balance, the Note A-15 Principal Balance
and the Note A-16 Principal Balance.

 

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

 

“Notes”
shall mean, collectively, Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6, Note A-7, Note A-8, Note A-9, Note
A-10, Note A-11, Note A-12, Note A-13, Note A-14, Note A-15 and Note A-16.

 

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

 

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

 

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

 

“Percentage Interest”
shall mean with respect to any Note and the applicable Note Holder, a fraction, expressed as a percentage, the numerator of which
is the Note Principal Balance of such Note and the denominator of which is the sum of the Note Principal Balances of all of the
Notes.

 

“Permitted Fund
Manager” shall mean any Person that on the date of determination is (i) one of the entities on Exhibit C attached
hereto and made a part hereof or any

 

 

    -15-

     

     

other nationally-recognized
manager of investment funds investing in debt or equity interests relating to commercial real estate, (ii) investing through
a fund with committed capital of at least $250,000,000 and (iii) not subject to a proceeding relating to the bankruptcy, insolvency,
reorganization or relief of debtors.

 

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

 

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

 

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

 

(a)            an
entity Controlled (as defined below) by 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 or other securitization
vehicle are rated 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)           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 loan obligations
(“CLO”) secured by, or (c) a financing through an “owner trust” of, a Note or any interest
therein (any of the foregoing, a “Securitization Vehicle”), provided that (1) one or more classes
of securities issued by such Securitization Vehicle is initially rated at least investment grade by each of the Rating Agencies
that assigned a rating to one or more classes of

 

 

    -16-

     

     

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) in the case of a Securitization Vehicle that is
not a CLO, 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 $250,000,000, in which (A) any Initial Note Holder, (B) a person that is otherwise a Qualified Institutional
Lender under clause (i), (ii) or (v) (with respect to an institution substantially similar to the entities referred to in
clause (i) or (ii) above), or (C) a Permitted Fund Manager, acts as a general partner, managing member, or the fund manager
responsible for the day-to-day management and operation of such investment vehicle and provided that at least 50% of the
equity interests in such investment vehicle are owned, directly or indirectly, by one or more entities that are otherwise Qualified
Institutional Lenders (without regard to the capital surplus/equity and total asset requirements set forth below in the definition),
or

 

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

 

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

 

(d)           
any entity Controlled by any of the entities described in clause (b) above or approved by the Rating Agencies hereunder
as a Qualified Institutional Lender for purposes of this Agreement.

 

 

    -17-

     

     

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

 

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

 

“Rating Agency Confirmation”
shall mean (x) prior to a Securitization with respect to any matter, confirmation in writing (which may be in electronic form)
by each applicable Rating Agency that a proposed action, failure to act or other event so specified will not, in and of itself,
result in the downgrade, withdrawal or qualification of the then-current rating assigned to any class of certificates (if then
rated by the Rating Agency); provided that a written waiver or other acknowledgment from the Rating Agency indicating its
decision not to review the matter for which the Rating Agency Confirmation is sought shall be deemed to satisfy the requirement
for the Rating Agency Confirmation from each Rating Agency with respect to such matter and (y) after a Securitization, the meaning
given thereto or any analogous term in the Lead Securitization Servicing Agreement or Non-Lead Securitization Servicing Agreement,
as applicable, including any deemed Rating Agency Confirmation.

 

“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 Commission or by
the staff of the Commission, or as may be provided by the Commission or its staff from time to time.

 

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

 

“Required Special
Servicer Rating” shall mean with respect to a special servicer (i) in the case of Fitch, a rating of “CSS3”,
(ii) in the case of S&P, such special servicer is on S&P’s Select Servicer List as a U.S. Commercial Mortgage
Special Servicer, (iii) in the case of Moody’s, such special servicer is acting as special servicer for one or more
loans included in a commercial mortgage loan securitization that was rated by Moody’s within the twelve (12) month period
prior to the date of determination, and Moody’s has not downgraded or withdrawn

 

 

    -18-

     

     

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

 

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

 

“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.

 

“Securitization”
shall mean, with respect to any Note, the sale of all or a portion of such Note to a depositor who will in turn include such portion
of such Note as part of the securitization of one or more mortgage loans.

 

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

 

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

 

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

 

 

    -19-

     

     

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Trustee”
shall mean the trustee 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 has elected to be treated as a U.S. Person).

 

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

 

Section 2.      
Servicing of the Mortgage Loan.

 

(a)      
Each Note Holder acknowledges and agrees that, subject in each case to this Agreement, the Mortgage Loan shall be serviced
by the Master Servicer and the Special Servicer pursuant to the terms of this Agreement and the Lead Securitization Servicing Agreement;
provided that the Master Servicer shall not be obligated to advance monthly

 

 

    -20-

     

     

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

 

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

 

 

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(b)          
The Master Servicer shall be the lead master servicer on the Mortgage Loan, and from time to time it (or the Trustee, to the extent
provided in the Lead Securitization Servicing Agreement) shall make the following advances, subject to the terms of the Lead Securitization
Servicing Agreement and this Agreement: (i) Servicing Advances on the Mortgage Loan and (ii) P&I Advances on the Lead Securitization
Note. The Master Servicer, the Special Servicer and the Trustee, as applicable, will be entitled to reimbursement for a Servicing
Advance, first from funds on deposit in the Collection Account (as defined in the Lead Securitization Servicing Agreement)
and/or the Loan Combination Custodial Account for the Mortgage Loan that (in any case) represent amounts received on or in respect
of the Mortgage Loan, and then, in the case of Nonrecoverable Servicing Advances, if such funds on deposit in the Loan Combination
Custodial Account are insufficient, from general collections of the Lead Securitization as provided in the Lead Securitization
Servicing Agreement and from general collections of any Non-Lead Securitization as provided below. The Master Servicer, the Special
Servicer and the Trustee, as applicable, will be entitled to reimbursement for advance interest on a Servicing Advance or a Nonrecoverable
Servicing Advance, in the manner and from the sources provided in the Lead Securitization Servicing Agreement, including from general
collections of the Lead Securitization and, in the case of Servicing Advances, from general collections of any Non-Lead Securitization
as provided below. Notwithstanding the foregoing, to the extent the Master Servicer, the Special Servicer or the Trustee, as applicable,
obtains funds from general collections of the Lead Securitization as a reimbursement for a Nonrecoverable Servicing Advance or
any advance interest on a Servicing Advance or a Nonrecoverable Servicing Advance, each Non-Lead Securitization Note Holder (including
any Securitization Trust into which each Non-Lead Securitization Note is deposited) shall be required to, promptly following notice
from the Master Servicer, reimburse the Lead Securitization for its pro rata share of such Nonrecoverable Servicing Advance
or advance interest.

 

In addition, each Non-Lead
Securitization Note Holder (including, but not limited to, any Securitization Trust into which such Non-Lead Securitization Note
is deposited) shall be required to, promptly following notice from the Master Servicer, reimburse the Lead Securitization for such
Non-Lead Securitization Note Holder’s pro rata share of any fees, costs or expenses incurred in connection with the servicing
and administration of the Mortgage Loan as to which the Master Servicer, the Special Servicer, the Certificate Administrator, the
Trustee, the Operating Advisor or the Depositor, as applicable, is entitled to be reimbursed pursuant to the Lead Securitization
Servicing Agreement, to the extent amounts on deposit in the Loan Combination Custodial Account that are allocated to the related
Non-Lead Securitization Note are insufficient for reimbursement of such amounts and to the extent that funds from general collections
in the Lead Securitization are applied towards the Lead Securitization Note Holder’s pro rata share of the insufficiency.
Each Non-Lead Securitization Note Holder agrees to indemnify (as and to the same extent the Lead Securitization Trust is required
to indemnify each of the following parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the
terms of the Lead Securitization Servicing Agreement) each of the Depositor under the Lead Securitization Servicing Agreement,
the Master Servicer, the Special Servicer, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer
and the Trustee (and any director, officer, employee or agent of any of the foregoing, to the extent such parties are identified
as indemnified parties in the Lead Securitization Servicing Agreement in respect of other mortgage loans) (the “Indemnified
Parties”) against any claims,

 

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losses, penalties, fines, forfeitures, legal
fees and related costs, judgments and any other costs, liabilities, fees and expenses incurred in connection with servicing and
administration of the Mortgage Loan (or, with respect to the Operating Advisor, incurred in connection with the provision of services
for the Mortgage Loan) under the Lead Securitization Servicing Agreement (collectively, the “Indemnified Items”) to
the extent of its pro rata share of such Indemnified Items, and to the extent amounts on deposit in the Loan Combination Custodial
Account are insufficient for reimbursement of such amounts, the Non-Lead Securitization Note Holder shall be required to, promptly
following notice from the Master Servicer, reimburse each of the applicable Indemnified Parties for its pro rata share of the insufficiency;
provided, however, that each Non-Lead Securitization Note Holder’s duty to pay Indemnified Items to the Operating Advisor
shall be subject to any limitations and conditions (including limitations and conditions with respect to the timing of such payments
and the sources of funds for such payments) as may be set forth from time to time in the related Non-Lead Securitization Servicing
Agreement.

 

Any Non-Lead Master Servicer
may be required to make P&I Advances on the respective Non-Lead Securitization Note, from time to time, subject to the terms
of the related Non-Lead Securitization Servicing Agreement, the Lead Securitization Servicing Agreement and this Agreement. The
Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled to make their own recoverability determinations
with respect to a P&I Advance to be made on the Lead Securitization Note based on the information that they have on hand and
in accordance with the Lead Securitization Servicing Agreement. Any Non-Lead Master Servicer, Non-Lead Special Servicer or Non-Lead
Trustee under any Non-Lead Securitization Servicing Agreement, as applicable, shall be entitled to make its own recoverability
determination with respect to a P&I Advance to be made on the related Non-Lead Securitization Note based on the information
that they have on hand and in accordance with the related Non-Lead Securitization Servicing Agreement. The Master Servicer and
the Trustee, as applicable, and any Non-Lead Master Servicer or the Non-Lead Trustee, as applicable, 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, Non-Lead Special
Servicer or the Non-Lead Trustee, as applicable (with respect to the Non-Lead Securitization Note), determines that a proposed
P&I Advance, if made, would be non-recoverable or an outstanding P&I Advance is or would be non-recoverable, or if the
Master Servicer, the Special Servicer or the Trustee, as applicable, subsequently determines that a proposed Servicing Advance
would be non-recoverable or an outstanding Servicing Advance is or would be non-recoverable, then the Master Servicer or the Trustee
(as provided in the Lead Securitization Servicing Agreement, in the case of a determination of non-recoverability by the Master
Servicer, the Special Servicer or the Trustee) or such Non-Lead Master Servicer or Non-Lead Trustee (as provided in the related
Non-Lead Securitization Servicing Agreement, in the case of the a determination of non-recoverability by a Non-Lead Master Servicer,
a Non-Lead Special Servicer or a Non-Lead Trustee) shall notify the Master Servicer and the Trustee, or the related Non-Lead Master
Servicer and the related Non-Lead Trustee, as the case may be, of such other Securitization within one business day of making such
determination. Each of the Master Servicer and the Trustee, the related Non-Lead Master Servicer and the related Non-Lead Trustee,
as applicable, shall only be entitled to reimbursement for a P&I Advance and advance interest thereon that becomes non-recoverable
first from the Loan Combination

 

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Custodial Account from amounts allocable to
the Note for which such P&I Advance was made, and then, if funds are insufficient, (i) in the case of the Lead Securitization
Note, from general collections of the Lead Securitization Trust, pursuant to the terms of the Lead Securitization Servicing Agreement
and (ii) in the case of each Non-Lead Securitization Note, from general collections of the related Securitization Trust, as and
to the extent provided in the related Non-Lead Securitization Servicing Agreement.

 

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

 

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

 

(ii)          each
of the Indemnified Parties shall be indemnified (as and to the same extent the Lead Securitization Trust is required to indemnify
each of such Indemnified Parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the terms of Lead
Securitization Servicing Agreement) by the Securitization Trust holding such Non-Lead Securitization Note, against any of the Indemnified
Items to the extent of its pro rata share of such Indemnified Items, and to the extent amounts on deposit in the Loan Combination
Custodial Account that are allocated to the related Non-Lead

 

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Securitization Note are insufficient
for reimbursement of such amounts, the related Non-Lead Master Servicer will be required to reimburse each of the applicable Indemnified
Parties for its pro rata share of the insufficiency out of general funds in the collection account (or equivalent account) established
under such Non-Lead Securitization Servicing Agreement; provided, however, that the Non-Lead Securitization Servicing Agreement
may include limitations and conditions on the payment or reimbursement of Indemnified Items to the Operating Advisor (including
limitations and conditions with respect to the timing of such payments or reimbursements and the sources of funds for such payments
or reimbursements).

 

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

 

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

 

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

 

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

 

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that has not been securitized, the related
Note Holder) and, when so delivered to such master servicer and the special servicer, the Lead Securitization Note Holder (or the
Master Servicer or the Special Servicer acting on its behalf) shall be deemed to have satisfied its delivery obligations with respect
to such items hereunder or under the Lead Securitization Servicing Agreement.

 

(e)    
      The Lead Securitization Servicing Agreement shall contain terms and conditions that are customary
for securitization transactions involving assets similar to the Mortgage Loan and that are otherwise (i) required by the Code relating
to the tax elections of the Lead Securitization Trust, (ii) required by law or changes in any law, rule or regulation or (iii)
requested by the Rating Agencies rating the Lead Securitization. The Lead Securitization Servicing Agreement shall also satisfy
Moody’s rating methodology for eligible accounts and permitted investments for a “Aaa” rated securitization.
The Lead Securitization Note Holder shall have the right to designate the Master Servicer and the Special Servicer as long as each
such party satisfies the conditions for such Servicer set forth in the Lead Securitization Servicing Agreement. Without limiting
the generality of any provision set forth above, for purposes of the Mortgage Loan, the Lead Securitization Servicing Agreement
shall contain (a) provisions requiring the Master Servicer and the Special Servicer to maintain, or subjecting them to possible
termination for not maintaining, compliance with customary servicer rating criteria (but the rating agencies need not be the same)
and (b) provisions substantially similar in all material respects to or materially consistent with those set forth in Pooling
and Servicing Agreement for the First Securitization with respect to (i) periodic reporting and periodic delivery of service
provider compliance documents under Regulation AB (and, in any event, the Lead Securitization Servicing Agreement shall require
such reporting and delivery so long as a Securitization is required to file periodic reports under the Securities Exchange Act
of 1934, as amended), (ii) servicing transfer events that would result in the transfer of the Mortgage Loan to special servicing
status, (iii) the authority of the servicers in the First Securitization to grant or agree or consent to material modifications,
waivers and amendments to the Mortgage Loan, or to approve material assignments and assumptions or material additional indebtedness
in connection with the Mortgage Loan, (iv) the potential termination of the master servicer and special servicer following
a Servicer Termination Event, (v) requirements to obtain an appraisal or appraisal update following a transfer of the Mortgage
Loan to special servicing status and periodic updates thereof, (vi) duties of the special servicer in respect of foreclosure
and the management of REO property, (vii) special servicing, workout and liquidation fees (and, in any event, the fees at
which such compensation accrue or are determined shall not exceed 0.25%, 1.00% and 1.00%, respectively) and (viii) control,
consultation and other rights of the directing certificateholder and senior trust advisor and any other material servicing and
administrative provisions and (ix) indemnification of the parties to any Non-Lead Securitization Servicing Agreement (and
any director, officer, employee or agent of any of the foregoing, to the extent such parties are identified as indemnified parties
in any Non-Lead Securitization Servicing Agreement in respect of other mortgage loans), for the pro rata share allocable to the
Lead Securitization Note, 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 servicing and administration of the Mortgage Loan (or,
with respect to the “operating advisor” under any Non-Lead Securitization Servicing Agreement, incurred in connection
with the provision of services for the Mortgage Loan) to

 

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the same extent that any Non-Lead Securitization
Servicing Agreement indemnifies the Indemnified Parties against the Indemnified Items for the time period during which any Non-Lead
Securitization Servicing Agreement acts as the Lead Securitization Servicing Agreement; provided, however, that (A) this
statement shall not be construed to prohibit differences in timing, control or consultation triggers or thresholds, terminology,
allocation of ministerial duties between multiple servicers or other service providers or certificateholder or investor voting
or consent thresholds, or to prohibit or restrict additional approval, consent, consultation, notice or rating agency confirmation
requirements; and (B) in the event of any conflict between this sentence and any other provision of this Agreement, such other
provision of this Agreement shall control.

 

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

 

(g)         The
Note A-8 Holder shall give each of the parties to the Non-Lead Securitization Servicing Agreements (that will not also be
a party to the Note A-8 PSA), as applicable, notice of the Note A-8 Securitization in writing (which may be by e-mail)
prior to or promptly following the Note A-8 Securitization Date. Such notice shall contain contact information for each of
the parties to the Note A-8 PSA. In addition, after the Note A-8 Securitization Date, the Note A-8 Holder shall
send a copy of the Note A-8 PSA to each of the parties to the Non-Lead Securitization Servicing Agreements.

 

(h)         The
Lead Securitization Servicing Agreement shall provide that compensating interest payments as defined therein with respect to the
Notes will be allocated by the Master Servicer among each Note, pro rata, in accordance with their respective principal
amounts. The Master Servicer shall remit any compensating interest payment in respect of a Non-Lead Securitization Note to the
related Non-Lead Securitization Note Holder.

 

(i)          The
Lead Securitization Servicing Agreement shall provide that (i) customary CREFC® reports related to the Mortgage Loan and
Mortgaged Property are required to be made available to the Non-Lead Securitization Note Holder in order to permit the Non-Lead
Master Servicer, Non-Lead Special Servicer or Non-Lead Trustee to comply in a timely manner with their respective reporting obligations
under the Lead Securitization Servicing Agreement, (ii) in connection with (x) any amendment of the Lead Securitization
Servicing Agreement, a party to the Lead Securitization Servicing Agreement is required to provide a copy of the executed amendment
to the Non-Lead Depositor and one or more parties to the Non-Lead Securitization Servicing Agreement (which may be by email), together
with a copy of such amendment in EDGAR compatible format, no later than the effective date of such amendment, and (y) the
termination, resignation and/or replacement of the Master Servicer or Special Servicer, such replacement Master Servicer or Special
Servicer, as applicable, is required to provide all disclosure about itself that is required to be included in Form 8-K no
later than the date of effectiveness thereof, (iii) the Non-Lead Securitization Note Holder is an intended third-party beneficiary
of the rights under the Lead Securitization

 

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Servicing Agreement to the extent such rights
affect the related Non-Lead Securitization Note or the Non-Lead Securitization Note Holder, (iv) it shall not be amended in
any manner that materially and adversely (or words of similar import) affects the Non-Lead Securitization Note Holder without the
consent of such party, (v) if the Non-Lead Securitization Note becomes the subject of an “Asset Review” (or such
similar term, as defined in the Non-Lead Securitization Servicing Agreement), the applicable parties to the Lead Securitization
Servicing Agreement are required to reasonably cooperate with the Non-Lead Asset Representations Reviewer or other applicable party
to the Non-Lead Securitization Servicing Agreement in connection with such Asset Review (or a substantially similar provision),
including with respect to providing access to related underlying documents.

 

Section 3.     Priority
of Payments. Each Note shall be of equal priority, and no portion of any Note shall have priority or preference over any portion
of the any Note or security therefor. All amounts tendered by the Mortgage Loan Borrower or otherwise available for payment on
or with respect to or in connection with the Mortgage Loan or the Mortgaged Property or amounts realized as proceeds thereof, whether
received in the form of Monthly Payments, the Balloon Payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit
or other collateral or instrument securing the Mortgage Loan, Condemnation Proceeds, or Insurance Proceeds (other than proceeds,
awards or settlements to be applied to the restoration or repair of the Mortgaged Property or released to the Mortgage Loan Borrower
in accordance with the terms of the Mortgage Loan Documents), but excluding (x) all amounts for required reserves or escrows
required by the Mortgage Loan Documents (to the extent, in accordance with the terms of the Mortgage Loan Documents) to be held
as reserves or escrows or received as reimbursements on account of recoveries in respect of property protection expenses or Servicing
Advances then due and payable or reimbursable to the Trustee or any Servicer under the Lead Securitization Servicing Agreement
and (y) all amounts that are then due, payable or reimbursable (except for (i) any P&I Advances (and interest thereon)
made with respect to each Note, which may only be reimbursed out of payments and collections allocable to each Note, and (ii) any
Servicing Fees due to the Master Servicer in excess of the Non-Lead Securitization Note’s pro rata share of that portion
of such Servicing Fees calculated at the “primary servicing fee rate” applicable to the Mortgage Loan as set forth
in the Lead Securitization Servicing Agreement) to any Servicer, with respect to the Mortgage Loan pursuant to the Lead Securitization
Servicing Agreement (including without limitation, any Additional Trust Fund Expenses relating to the Mortgage Loan (but subject
to second paragraph of Section 5(d) hereof) reimbursable to, or payable by, such parties and any Special Servicing Fees, Liquidation
Fees, Workout Fees, Default Charges (to the extent provided in the immediately following paragraph) and any other additional compensation
payable pursuant to the Lead Securitization Servicing Agreement), shall be applied by the Lead Securitization Note Holder (or its
designee) to the Notes on a Pro Rata and Pari Passu Basis.

 

For clarification purposes,
Default Charges (as defined in the Lead Securitization Servicing Agreement) paid on each Note shall be allocated to the Notes on
a Pro Rata and Pari Passu Basis and applied first, be used to reduce, on a pro rata basis, the amounts payable on
each Note by the amount necessary to pay the Master Servicer, the Trustee or the Special Servicer for any interest accrued on any
Servicing Advances and reimbursement of any Servicing Advances in accordance with the terms of the Lead Securitization Servicing
Agreement, second, be used to reduce the respective amounts payable on each Note by the amount necessary to pay the Master

 

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

 

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

 

Section 5.     Administration
of the Mortgage Loan.

 

(a)         Subject
to this Agreement (including but not limited to Section 5(c)) and the Lead Securitization Servicing Agreement and subject
to the rights and consents, where required, of the Controlling Note Holder Representative, the Lead Securitization Note Holder
(or the Master Servicer, the Special Servicer or the Trustee acting on behalf of the Lead Securitization Note Holder) shall have
the sole and exclusive authority with respect to the administration of, and exercise of rights and remedies with respect to, the
Mortgage Loan, including, without limitation, the sole authority to modify or waive any of the terms of the Mortgage Loan Documents
or consent to any action or failure to act by the Mortgage Loan Borrower or any other party to the Mortgage Loan Documents, call
or waive any Event of Default, accelerate the Mortgage Loan or institute any foreclosure action or other remedy, and the Non-Lead
Securitization Note Holders shall have no voting, consent or other rights whatsoever except as explicitly set forth herein with
respect to the Lead Securitization Note Holder’s administration of, or exercise of its rights and remedies with respect to,
the Mortgage Loan. Subject to this Agreement and the Lead Securitization Servicing Agreement, each Non-Lead Securitization Note
Holder agrees that it shall have no right to, and each Non-Lead Securitization Note Holder hereby presently and irrevocably assigns
and conveys to the Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on behalf
of the Lead Securitization Note Holder) the rights, if any, that such Note Holder has from and after the closing date of the Lead
Securitization to, (i) call or cause the Lead Securitization Note Holder to call an Event of Default under the Mortgage Loan,
or

 

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(ii) exercise any remedies with respect
to the Mortgage Loan or the Mortgage Loan Borrower, including, without limitation, filing or causing the Lead Securitization Note
Holder to file any bankruptcy petition against the Mortgage Loan Borrower. The Lead Securitization Note Holder (or the Master Servicer,
the Special Servicer or the Trustee acting on behalf of the Lead Securitization Note Holder) shall not have any fiduciary duty
to any Non-Lead Securitization Note Holder in connection with the administration of the Mortgage Loan (but the foregoing shall
not relieve the Lead Securitization Note Holder from the obligation to make any disbursement of funds as set forth herein or its
obligation to follow the Servicing Standard (in the case of the Master Servicer or the Special Servicer) or any liability for failure
to do so).

 

Each Note Holder hereby
acknowledges the right and obligation of the Lead Securitization Note Holder (or the Special Servicer acting on behalf of the Lead
Securitization Note Holder) upon the Mortgage Loan becoming a Defaulted Mortgage Loan, to sell the Notes together as notes evidencing
one whole loan in accordance with the terms of the Lead Securitization Servicing Agreement. In connection with any such sale, the
Special Servicer shall be required to sell the Notes together as notes evidencing one whole loan and shall require that all offers
be submitted to the Certificate Administrator or Special Servicer, as applicable, in accordance with the terms of the Lead Securitization
Servicing Agreement in writing. Whether any cash offer constitutes a fair price for the Mortgage Loan shall be determined by the
Trustee or Special Servicer, as applicable, in accordance with the terms of the Lead Securitization Servicing Agreement; provided,
that no offer from an Interested Person shall constitute a fair price unless (i) it is the highest offer received and (ii) at least
two bona fide other offers are received from independent third parties. In determining whether any offer received represents a
fair price for the Mortgage Loan, the Trustee shall be supplied with and shall rely on the most recent Appraisal or updated Appraisal
conducted in accordance with the Lead Securitization Servicing Agreement within the preceding nine (9)-month period or, in the
absence of any such Appraisal, on a new Appraisal. The Trustee shall select the Appraiser conducting any such new Appraisal. In
determining whether any such offer constitutes a fair price for the Mortgage Loan, the Trustee shall instruct the Appraiser to
take into account (in addition to the results of any Appraisal or updated Appraisal that it may have obtained pursuant to the Lead
Securitization Servicing Agreement), as applicable, among other factors, the period and amount of any delinquency on the affected
Mortgage Loan, the occupancy level and physical condition of the related Mortgaged Property and the state of the local economy.
The Trustee may conclusively rely on the opinion of an Independent appraiser or other Independent expert in real estate matters
retained by the Trustee at the expense of the Holders in connection with making such determination. Notwithstanding the foregoing,
the Lead Securitization Note Holder (or the Special Servicer acting on behalf of the Lead Securitization Note Holder) shall not
be permitted to sell the Mortgage Loan without the written consent of each Non-Lead Securitization Note Holder (unless 50% or more
of any Note (or the class of securities issued in the related Non-Lead Securitization designated as the “controlling class”
or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Note Holder”)
is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower) unless the Special Servicer has delivered
to such Non-Lead Securitization Note Holder: (a) at least fifteen (15) Business Days prior written notice of any decision to attempt
to sell the Mortgage Loan; (b) at least ten (10) days prior to the proposed sale date, a copy of each bid package (together with
any amendments to such bid packages) received by the Special Servicer in connection with any

 

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such proposed sale, (c) at least ten (10) days
prior to the proposed sale date, a copy of the most recent Appraisal for the Mortgage Loan, and any documents in the Servicing
File requested by such Non-Lead Securitization Note Holder and (d) until the sale is completed, and a reasonable period of time
(but no less time than is afforded to other offerors and the related Directing Certificateholder (or other similar term)) 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; provided that any
majority holder of the Non-Lead Securitization Note or the related Directing Certificateholder may waive any of the delivery or
timing requirements set forth in this sentence. Subject to the foregoing, each of the Controlling Note Holder, the Controlling
Note Holder Representative, the Non-Controlling Note Holder and any Non-Controlling Note Holder Representative shall be permitted
to bid at any sale of the Mortgage Loan.

 

Each Note Holder (to the
extent it is not the same entity as the Lead Securitization Note Holder) hereby appoints the Lead Securitization Note Holder as
its agent, and grants to the Lead Securitization Note Holder an irrevocable power of attorney coupled with an interest, and its
proxy, for the purpose of soliciting and accepting offers for and consummating the sale of its Note. Each Note Holder (to the extent
it is not the same entity as the Lead Securitization Note Holder) further agrees that, upon the request of the Lead Securitization
Note Holder, such Note Holder shall execute and deliver to or at the direction of Lead Securitization Note Holder such powers of
attorney or other instruments as the Lead Securitization Note Holder may reasonably request to better assure and evidence the foregoing
appointment and grant, in each case promptly following request, and shall deliver its original 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 Note, and the obligations of any other Note Holder to execute and
deliver instruments or deliver the related Note upon request of the Lead Securitization Note Holder, shall terminate and cease
to be of any further force or effect upon the date, if any, upon which the Lead Securitization Note is repurchased by the holder
of such Lead Securitization Note that sold such Lead Securitization Note into such Securitization from the trust fund established
under the Lead Securitization Agreement in connection with a material breach of a representation or warranty made by such Person
with respect to the Lead Securitization Note or a material document defect with respect to the documents delivered by such Person
with respect to the Lead Securitization Note upon the consummation of the Lead Securitization. The preceding sentence shall not
be construed to grant to the Non-Lead Securitization Note Holders the benefit of any representation or warranty made by the holder
of the Lead Securitization Note that sold such Lead Securitization Note into the Lead Securitization or any document delivery obligation
imposed on such Person under any mortgage loan purchase and sale agreement, instrument of transfer or other document or instrument
that may be executed or delivered by such Person in connection with the Lead Securitization.

 

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

 

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

 

(c)        Notwithstanding
the foregoing, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall
be required (i) to provide copies of any notice, information and report that it is required to provide to the Lead Securitization
Directing Certificateholder pursuant to the Lead Securitization Servicing Agreement with respect to any Major Decisions or the
implementation of any recommended actions outlined in an Asset Status Report relating to the Mortgage Loan, to each Non-Lead Securitization
Note Holder (or its related Note Holder Representative), within the same time frame it is required to provide to the Lead Securitization
Directing Certificateholder (for this purpose, without regard to whether such items are actually required to be provided to the
Lead Securitization Directing Certificateholder under the Lead Securitization Servicing Agreement due to the expiration of the
Subordinate Control Period or the Collective Consultation Period) and (ii) to consult with the Non-Controlling Note Holders (or
their Non-Controlling Note Holder Representatives) on a strictly non-binding basis, to the extent having received such notices,
information and reports, such Non-Controlling Note Holder (or their Non-Controlling Note Holder Representatives) request consultation
with respect to any such Major Decisions or the implementation of any recommended actions outlined in an Asset Status Report relating
to the Mortgage Loan, and consider alternative actions recommended by any Non-Controlling Note Holder (or its Non-Controlling Note
Holder Representative); provided that after the expiration of a period of ten (10) Business Days from the delivery to such Non-Controlling
Note Holders (or its Non-Controlling Note Holder Representative) by the Lead Securitization Note Holder (or the Master Servicer
or the Special Servicer acting on its behalf) of written notice of a proposed action, together with copies of the notice, information
and report required to be provided to the Lead Securitization Directing Certificateholder, the Lead Securitization Note Holder
(or the Master Servicer or the Special Servicer acting on its behalf) shall no longer be obligated to consult with such Non-Controlling
Note Holder (or its Non-Controlling Note Holder Representative), whether or not such Non-Controlling Note Holder (or its Non-Controlling
Note Holder Representative) has responded within such ten (10) Business Day period (unless, the Lead Securitization Note Holder
(or the Master Servicer or the Special Servicer acting on its behalf) proposes a new course of action that is materially different
from the action previously proposed, in which case such ten (10) Business Day period shall be deemed to begin anew from

 

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

 

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

 

(d)          
If any Note is included as an asset of a real estate mortgage investment conduit (a “REMIC”), within the meaning
of Section 860D(a) of the Code, then, any provision of this Agreement to the contrary notwithstanding: (i) the Mortgage
Loan shall be administered such that the Notes shall qualify at all times as (or as interests in) a “qualified mortgage”
within the meaning of Section 860G(a)(3) of the Code, (ii) any real property (and related personal property) acquired
by or on behalf of the Note Holders pursuant to a foreclosure, exercise of a power of sale or delivery of a deed in lieu of foreclosure
of the Mortgage or lien on such property following a default on the Mortgage Loan shall be administered so that the interest of
the pro rata share of each Note Holder therein shall at all times qualify as “foreclosure property” within the
meaning of Section 860G(a)(8) of the Code and (iii) no Servicer may modify, waive or amend any provision of the Mortgage
Loan, consent to or withhold consent from any action of the Mortgage Loan Borrower, or exercise or refrain from exercising any
powers or rights which the Note Holders may have under the Mortgage Loan Documents, if any such action would constitute a “significant
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, in the event that one of the Notes is included in a REMIC
and any of the others are not, such other Note Holder shall not be required to reimburse such Note Holder or any other Person for
payment of (i) any taxes imposed on such REMIC, (ii) any costs or expenses relating to the administration of such REMIC or to any
determination respecting the amount, payment or avoidance of any tax under such REMIC or (iii) any advances for any of the foregoing
or any interest thereon or for deficits in other items of disbursement or income

 

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resulting from the use of funds for payment
of any such taxes, costs or expenses or advances, nor shall any disbursement or payment otherwise distributable to the other Note
Holder be reduced to offset or make-up any such payment or deficit.

 

Section 6.     Rights
of the Controlling Note Holder.

 

(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 Section 5 and elsewhere in this Agreement, the Controlling Note Holder may, at its option, in each
case, act through the Controlling Note Holder Representative. The Controlling Note Holder Representative may be any Person (other
than the Mortgage Loan Borrower, its principal or any Affiliate of the Mortgage Loan Borrower), including, without limitation,
the Controlling Note Holder, any officer or employee of the Controlling Note Holder, any affiliate of the Controlling Note Holder
or any other unrelated third party. No such Controlling Note Holder Representative shall owe any fiduciary duty or other duty to
any other Person (other than the Controlling Note Holder). All actions that are permitted to be taken by the Controlling Note Holder
under this Agreement may be taken by the Controlling Note Holder Representative acting on behalf of the Controlling Note Holder.
Any Servicer acting on behalf of the Lead Securitization Note Holder shall not be required to recognize any Person as a Controlling
Note Holder Representative until the Controlling Note Holder has notified the Servicer or Trustee of such appointment and, if the
Controlling Note Holder Representative is not the same Person as the Controlling Note Holder, the Controlling Note Holder Representative
provides any Servicer or Trustee with written confirmation of its acceptance of such appointment, an address and telecopy 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 telecopy numbers). The Controlling Note Holder shall
promptly deliver such information to any Servicer. None of the Servicers, Operating Advisor and Trustee shall be required to recognize
any person as a Controlling Note Holder Representative until they receive such information from the Controlling Note Holder. The
Controlling Note Holder agrees to inform each such Servicer, Operating Advisor or Trustee of the then-current Controlling Note
Holder Representative.

 

Neither the Controlling Note
Holder Representative nor the Controlling Note Holder will have any liability to any other Note Holder or any other Person for
any action taken, or for refraining from the taking of any action or the giving of any consent or the failure to give any consent
pursuant to this Agreement or the Lead Securitization Servicing Agreement, or errors in judgment, absent any loss, liability or
expense incurred by reason of its willful misfeasance, bad faith or gross negligence. 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

 

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refrain from giving consents, that favor the
interests of one Note Holder over any other Note Holder, and that the Controlling Note Holder Representative may have special relationships
and interests that conflict with the interests of a Non-Controlling 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.

 

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

 

The Controlling Note Holder
shall be entitled to exercise the rights and powers granted to the Controlling Note hereunder and the rights and powers granted
to the Directing Certificateholder or similar party under, and as defined in, the Lead Securitization Servicing Agreement with
respect to the Mortgage Loan (assuming that no Control Termination Event or Consultation Termination Event, as applicable, has
occurred and is continuing (or that periods defined by analogous terms during which control and/or consultation are permitted,
such as “Subordinate Control Period”, are in effect) under, and as defined in, the Lead Securitization Servicing Agreement.

 

In addition, the Controlling
Note Holder shall be entitled to advise (1) the Special Servicer with respect to all matters related to a “Specially Serviced
Mortgage Loan” (as defined in the Lead Securitization Servicing Agreement) 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 implement any Major Decision unless it has obtained the prior written consent
of the Special Servicer and (ii) the Special Servicer shall not be permitted to consent to the Master Servicer’s 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 (or thirty (30) days with respect to an Acceptable Insurance
Default) after receipt of the written recommendation and analysis and such additional information requested by the Controlling
Note Holder as may be necessary in the reasonable judgment of the Controlling Note Holder in order to make a judgment with respect
to such Major Decision. The 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.

 

 

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

 

In the event that the Special
Servicer or Master Servicer (in the event the Master Servicer is otherwise authorized by the Lead Securitization Servicing Agreement
to take such action), as applicable, determines that immediate action, with respect to the foregoing matters, or any other matter
requiring consent of the Controlling Note Holder is necessary to protect the interests of the Note Holders (as a collective whole)
and the 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.

 

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 misfeasance, 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 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.

 

 

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Section 7.     Appointment
of Special Servicer. The Controlling Note Holder (or its Controlling Note Holder Representative) shall have the right at any
time and from time to time, 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 each other Note Holder, the
Master Servicer, the then existing Special Servicer and other parties to the Lead Securitization Servicing Agreement a written
notice stating such designation and satisfying the other conditions to such replacement as set forth in the Lead Securitization
Servicing Agreement (including, without limitation, a Rating Agency Confirmation, if required by the terms of the Lead Securitization
Servicing Agreement), if any. The Controlling Note Holder shall be solely responsible for any expenses incurred in connection with
any such replacement without cause. The Controlling Note Holder shall notify the other parties hereto of its termination of the
then currently serving Special Servicer and its appointment of a replacement Special Servicer in accordance with this Section 7.
If the Controlling Note Holder has not appointed a Special Servicer with respect to the Mortgage Loan as of the consummation of
the securitization under the Lead Securitization Servicing Agreement, then the initial Special Servicer designated in the Lead
Securitization Servicing Agreement shall serve as the initial Special Servicer but this shall not limit the right of the Controlling
Note Holder (or its Controlling Note Holder Representative) to designate a replacement Special Servicer for the Mortgage Loan as
aforesaid. If a Servicer Termination Event on the part of the Special Servicer has occurred that affects the Non-Controlling Note
Holder, such Non-Controlling Note Holder shall have the right to direct the Trustee (or at any time that the Mortgage Loan is no
longer included in a Securitization Trust, the Controlling Note Holder) to terminate the Special Servicer under the Lead Securitization
Servicing Agreement solely with respect to the Mortgage Loan pursuant to and in accordance with the terms of the Lead Securitization
Servicing Agreement. Each Note Holder acknowledges and agrees that any successor special servicer appointed to replace the Special
Servicer with respect to the Mortgage Loan that was terminated for cause at the Non-Controlling Note Holder’s direction cannot
at any time be the person (or an Affiliate thereof) that was so terminated without the prior written consent of such Non-Controlling
Note Holder. The Non-Controlling Note Holder shall be solely responsible for reimbursing the Trustee’s or the Controlling
Note Holder’s, as applicable, costs and expenses, if not paid within a reasonable time by the terminated special servicer
and, in the case of the Trustee, that would otherwise be reimbursed to the Trustee from amounts on deposit in the Lead Securitization’s
“collection account”.

 

Section 8.     Payment
Procedure.

 

(a)         The
Lead Securitization Note Holder, in accordance with the priorities set forth in Section 3 and subject to the terms of the
Lead Securitization Servicing Agreement, will deposit or cause to be deposited all payments allocable to the Notes to the Collection
Account and/or Loan Combination Custodial Account (each as defined in the Lead Securitization Servicing Agreement) pursuant to
and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer
acting on its behalf) shall deposit such amounts to the applicable account within one Business Day after receipt of properly identified
funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan
Borrower (provided, however, that, to the extent any such amounts are received after 2:00 p.m. Eastern

 

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time on any given Business Day, the Lead Securitization
Note Holder (or Master Servicer acting on its behalf) shall use commercially reasonable efforts to deposit such amounts into the
applicable account within one (1) Business Day of receipt thereof but, in any event, the Lead Securitization Note Holder (or
Master Servicer acting on its behalf) shall deposit such amounts into the applicable account within two (2) Business Days
of receipt thereof) and shall remit payments due on the Non-Lead Securitization Note to the Non-Lead Securitization Note Holder
(or the Non-Lead Master Servicer on its behalf) no later than one Business Day following the “Determination Date” under
the Non-Lead Securitization Servicing Agreement.

 

(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 any Note Holder or any Servicer or paid to any other Person, then, notwithstanding
any other provision of this Agreement, the Lead Securitization Note Holder shall not be required to distribute any portion thereof
to the related Non-Lead Securitization Note Holder and such Non-Lead Securitization Note Holder will 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 the Non-Lead Securitization Note Holder, such Non-Lead Securitization Note Holder shall, at
the Lead Securitization Note Holder’s request, promptly return that payment to the Lead Securitization Note Holder.

 

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

 

Section 9.     Limitation
on Liability of the Note Holders. Each 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 gross 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 the 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 Holders in connection with the Lead Securitization Note Holder’s exercise of rights or any omission by the Lead Securitization
Note Holder to exercise such rights other than as described above; provided, however, that the Servicer must act
in accordance with the Servicing Standard.

 

Section 10.           
Bankruptcy. Subject to Section 5(c), each Note Holder hereby covenants and 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 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, the Non-Lead Securitization Note Holders 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

 

 

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similar
laws affecting the enforcement of creditors’ rights generally, and by general principles of equity (regardless of whether
such enforceability is considered in a proceeding in equity or at law), and except that the enforcement of rights with respect
to indemnification and contribution obligations may be limited by applicable law. Each Note Holder represents and warrants that
it is duly organized, validly existing, in good standing and in possession of all licenses and authorizations necessary to carry
on its business. Each Note Holder represents and warrants that (a) this Agreement has been duly executed and delivered by
such Note Holder, (b) to such Note Holder’s actual knowledge, all consents, approvals, authorizations, orders or filings
of or with any court or governmental agency or body, if any, required for the execution, delivery and performance of this Agreement
by such 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. The Lead Securitization Note Holder shall have no obligation whatsoever to offer to any Non-Lead Securitization
Note Holder the opportunity to purchase a participation interest in any future loans originated by the Lead Securitization Note
Holder or its Affiliates and if the Lead Securitization Note Holder chooses to offer to a Non-Lead Securitization Note Holder the
opportunity to purchase a participation interest in any future mortgage loans originated by the Lead Securitization Note Holder
or its Affiliates, such offer shall be at such purchase price and interest rate as the Lead Securitization Note Holder chooses,
in its sole and absolute discretion. The Non-Lead Securitization Note Holders shall have no obligation whatsoever to purchase from
the Lead Securitization Note Holder a participation interest in any future loans originated by the Lead Securitization Note Holder
or its Affiliates.

 

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

 

Section 14.           
Sale of the Notes.

 

(a)               
Each Note Holder agrees that it will not sell, assign, transfer, pledge, syndicate, hypothecate, contribute, encumber or otherwise
dispose of all or any portion of its respective Note (a “Transfer”) except to a Qualified Institutional Lender.
Promptly after the Transfer, the non-transferring Note Holder shall be provided with (x) a representation from a transferee
or the applicable Note Holder certifying that such transferee is a Qualified Institutional Lender (except in the case of a Transfer
(and the related pooling and servicing or similar agreement requires the parties thereto to comply with this Agreement) in accordance

 

 

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

 

For the purposes
of this Agreement, if any Rating Agency shall, in writing, waive, decline or refuse to review or otherwise engage any request for
a confirmation hereunder from such Rating Agency that a proposed action will not result in a qualification, downgrade or withdrawal
of its then current rating of the securities issued pursuant to the related Securitization, such waiver, declination, or refusal
shall be deemed to eliminate, for such request only, the condition that such confirmation by such Rating Agency (only) be obtained
for purposes of this Agreement. For purposes of clarity, any such waiver, declination or refusal to review or otherwise engage
in any request for such confirmation hereunder shall not be deemed a waiver, declination or refusal to review or otherwise engage
in any subsequent request for such Rating Agency confirmation hereunder and the condition for such Rating Agency confirmation pursuant
to this Agreement for any subsequent request shall apply regardless of any previous waiver, declination or refusal to review or
otherwise engage in such prior request.

 

(b)              
In the case of any Transfer of a participation interest in any of the Notes, (i) the respective Note Holders’ obligations
under this Agreement shall remain unchanged, (ii) such Note Holders shall remain solely responsible for the performance of
such obligations, and (iii) the Lead Securitization Note Holder and any Persons acting on its behalf

 

 

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shall continue to deal solely and
directly with such Note Holder in connection with such Note Holder’s rights and obligations under this Agreement and the
Lead Securitization Servicing Agreement, and all amounts payable hereunder shall be determined as if such Note Holder had not sold
such participation interest.

 

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

 

 

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Qualified Institutional Lender at
any foreclosure or similar sale held by such Note Pledgee or any transfer in lieu of foreclosure), and its successor and assigns,
as the successor to the pledging Note Holder’s rights, remedies and obligations under this Agreement, and any such Note Pledgee
or Qualified Institutional Lender shall assume in writing the obligations of the pledging Note Holder hereunder accruing from and
after such Transfer (i.e., realization upon the collateral by such Note Pledgee) and agrees to be bound by the terms and
provisions of this Agreement. The rights of a Note Pledgee under this Section 14(c) shall remain effective as to any Note
Holder (and any Servicer) unless and until such Note Pledgee shall have notified any such Note Holder (and any Servicer, as applicable)
in writing that its interest in the pledged Note has terminated.

 

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

 

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

 

(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.

 

 

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Upon
request of a Note Holder, the Agent shall provide such party with the names and addresses of each other Note Holder. To the extent
the Trustee or another party is appointed as Agent hereunder, each Note Holder hereby designates such person as its agent under
this Section 15 solely for purposes of maintaining the Note Register.

 

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

 

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

 

 

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SUCH ACTION OR PROCEEDING WAS BROUGHT
IN AN INCONVENIENT COURT AND AGREES NOT TO PLEAD OR CLAIM THE SAME;

 

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

 

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

 

Section 18.           
Modifications. This Agreement shall not be modified, cancelled or terminated except by an instrument in writing signed by
each Note Holder. Additionally, for as long as any Note is contained in a Securitization Trust, the Note Holders shall not amend
or modify this Agreement without first receiving a written confirmation from each Rating Agency that such amendment or modification
will not result in a qualification, withdrawal or downgrade of its then current ratings of the securities issued in connection
with a Securitization; provided that no such confirmation from the Rating Agencies shall be required in connection with
a modification (i) to cure any ambiguity, to correct or supplement any provisions herein that may be defective or inconsistent
with any other provisions herein or with the Lead Securitization Servicing Agreement, (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, and
(iii) 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 the 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, Operating Advisor, Master Servicer and Special Servicer, and any Non-Lead Master Servicer,
Non-Lead Special Servicer or Non-Lead Trustee, none of the provisions of this Agreement shall be for the benefit of or enforceable
by any Person not a party hereto. Subject to Section 14 and Section 15, each Note Holder may assign or delegate its rights
or obligations under this Agreement. Upon any such assignment, the assignee shall be entitled to all rights and benefits of the
applicable Note Holder hereunder.

 

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

 

 

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

 

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

 

(c)               
Each Note Holder (to the extent it is not the same entity as the Lead Securitization Note Holder) represents (for the benefit of
the Mortgage Loan Borrower) that it is not a Non-Exempt Person and that neither the Lead Securitization Note Holder nor the

 

 

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Mortgage Loan Borrower is obligated
under applicable law to withhold Taxes on sums paid to it with respect to the Mortgage Loan or otherwise pursuant to this Agreement.
Contemporaneously with the execution of this Agreement and from time to time as necessary during the term of this Agreement, each
Note Holder (to the extent it is not the same entity as the Lead Securitization Note Holder) shall deliver to the Lead Securitization
Note Holder or Servicer, as applicable, evidence satisfactory to the Lead Securitization Note Holder substantiating that such Note
Holder is not a Non-Exempt Person and that the Lead Securitization Note Holder is not obligated under applicable law to withhold
Taxes on sums paid to it with respect to the Mortgage Loan or otherwise under this Agreement. Without limiting the effect of the
foregoing, (i) if a Note Holder is created or organized under the laws of the United States, any state thereof or the District
of Columbia, it shall satisfy the requirements of the preceding sentence by furnishing to the Lead Securitization Note Holder an
Internal Revenue Service Form W-9 and (ii) if a 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 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 the Non-Lead Securitization Note or otherwise until the holder of such Note shall have furnished to the Lead Securitization
Note Holder requested forms, certificates, statements or documents.

 

Section 25.           
Custody of Mortgage Loan Documents. Prior to the Lead Securitization Date, the originals of all of the Mortgage Loan Documents
(other than the Notes) will be held by the Initial Agent or a duly appointed custodian of the Initial Agent on behalf it’s
the registered holders of the Notes. Each Note will be held by its respective Note Holder or a duly appointed custodian of such
Note Holder. If the Lead Securitization is not also the Note A-8 Securitization, then on and after the Lead Securitization Date
the originals of all of the Mortgage Loan Documents (other than Note A-8 and any other Notes not included in such Lead Securitization)
shall be held in the name of the trustee (and held by a duly appointed custodian therefor) under the Lead Securitization Servicing
Agreement on behalf of the registered holders of the Notes. On and after the closing date of the Note A-8 Securitization, the originals
of all of the Mortgage Loan Documents (other than Notes not included in the Note A-8 Securitization) shall be transferred to and
held in the name of the trustee (and held by a duly appointed custodian therefor) under the Lead Securitization Servicing Agreement,
on behalf of the registered holders of the Notes.

 

Section 26.           
Cooperation in Securitization.

 

(a)               
Each Note Holder acknowledges that any Note Holder may elect, in its sole discretion, to include its Note in a Securitization.
In connection with a Securitization and subject to the terms of the preceding sentence, at the request of the Lead Securitization
Note Holder, each Non-Lead Securitization Note Holder shall use reasonable efforts, at the Lead

 

 

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Securitization Note Holder’s
expense, to satisfy, and to cooperate with the Lead Securitization Note Holder in attempting to cause the Mortgage Loan Borrower
to satisfy, the market standards to which the Lead Securitization Note Holder customarily adheres or that may be reasonably required
in the marketplace or by the Rating Agencies in connection with the Securitization, including, entering into (or consenting to,
as applicable) any modifications to this Agreement or the Mortgage Loan Documents and to cooperate with the Lead Securitization
Note Holder in attempting to cause the Mortgage Loan Borrower to execute such modifications to the Mortgage Loan Documents, in
any such case, as may be reasonably requested by the Rating Agencies to effect the Securitization; provided, however,
that either in connection with the Lead Securitization or otherwise at any time prior to the Lead Securitization, the Non-Lead
Securitization Note Holders shall not be required to modify or amend this Agreement or any Mortgage Loan Documents (or consent
to such modification, as applicable) in connection therewith, if such modification or amendment would (i) change the interest
allocable to, or the amount of any payments due to or priority of such payments to, the Non-Lead Securitization Note Holders or
(ii) materially increase the Non-Lead Securitization Note Holders’ obligations or materially decrease the Non-Lead Securitization
Note Holders’ rights, remedies or protections. In connection with the Lead Securitization, each Non-Lead Securitization Note
Holder shall provide for inclusion in any disclosure document relating to the Lead Securitization such information concerning such
Non-Lead Securitization Note Holder and its Non-Lead Securitization Note as the Lead Securitization Note Holder reasonably determines
to be necessary or appropriate, and such Non-Lead Securitization Note Holder 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 such Non-Lead Securitization
Note Holder and its Non-Lead Securitization Note in any Securitization document. Each 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, any Note Holder. The Lead Securitization Note Holder will reasonably cooperate with the Non-Lead Securitization Note Holder
by providing all information reasonably requested that is in the Lead Securitization Note Holder’s possession in connection
with the Non-Lead Securitization Note Holders’ preparation of disclosure materials in connection with a Securitization.

 

Upon request, the Lead Securitization
Note Holder shall deliver to the Non-Lead Securitization Note Holders 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.

 

 

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

 

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

 

Section 29.           
Certain Matters Affecting the Agent.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

Section 30.           
Agency. RESERVED.

 

Section 31.           
Resignation of Agent. The Agent may resign at any time on ten (10) days’ prior notice, so long as a successor Agent,
reasonably satisfactory to the Note Holders (it being agreed that a Servicer, the Certificate Administrator or the Trustee in a
Securitization is

 

 

    -49-

     

     

satisfactory to the Note Holders), has agreed
to be bound by this Agreement and perform the duties of the Agent hereunder. SG, as Initial Agent, may transfer its rights and
obligations to a Servicer, the Certificate Administrator or the Trustee, 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
SG without any further notice or other action. The termination or resignation of such Master Servicer, as Master Servicer under
the Lead Securitization Servicing Agreement, shall be deemed a termination or resignation of such Master Servicer as Agent under
this Agreement and any successor Master Servicer shall be deemed to have been automatically appointed as the successor Agent under
this Agreement in place thereof without any further notice or other action.

 

Section 32.           
Resizing. Notwithstanding any other provision of this Agreement, for so long as a Note Holder, or an affiliate thereof (a
“Resizing Entity”) is the owner of a Note not included in a Securitization (the “Owned Note”),
such Resizing Entity shall have the right, subject to the terms of the Mortgage Loan Documents and only with respect to the
Owned Notes such entity owns, 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
and such reallocated or component notes shall be automatically subject to the terms of this Agreement, (iv) the Resizing Entity
holding the New Notes shall notify the Lead Securitization Note Holder, the Master Servicer, the Special Servicer, the Certificate
Administrator and the Trustee in writing of such modified allocations and principal amounts, and (v) the execution of such amendments
and New Notes does not violate the Servicing Standard. If the Lead Securitization Note Holder so requests, the Resizing Entity
holding the New Notes (and any subsequent holder of such Notes) shall execute a confirmation of the continuing applicability of
this Agreement to the New Notes, as so modified. Except for the foregoing reallocation and for modifications pursuant to the Lead
Securitization Servicing Agreement (as discussed in Section 5), no Note may be modified or amended without the consent of
its holder and the consent of the holder of the other Note. In connection with the foregoing (provided the conditions set forth
in (i) through (v) above are satisfied), the Master Servicer is hereby authorized and directed to execute amendments to the Mortgage
Loan Documents and this Agreement on behalf of any or all of the Note Holders, as applicable, solely for the purpose of reflecting
such reallocation of principal. If more than one New Note is created hereunder, for purposes of exercising the rights of a Controlling
Note Holder or Non-Controlling Note Holder hereunder, the “Controlling Note Holder” or “Non-Controlling Note
Holder”, as applicable, shall be as provided in the definitions of such terms in this Agreement; provided that the Controlling
Note Holder shall be entitled to designate any New Note created from the existing Controlling Note to be a Non-Controlling Note
hereunder.

 

[SIGNATURE PAGE FOLLOWS]

 

 

    -50-

     

     

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

 

 

	 	 	 
	 	SOCIÉTÉ GÉNÉRALE,
	 	 	as Initial Note A-1 Holder
	 	 	 
	 	By:	/s/ Jim Barnard
	 	 	Name:   Jim Barnard
	 	 	Title:     Director
	 	 	 
	 	SOCIÉTÉ GÉNÉRALE,
	 	 	as Initial Note A-2 Holder
	 	 	 
	 	By:	/s/ Jim Barnard
	 	 	Name:   Jim Barnard
	 	 	Title:     Director
	 	 	 
	 	SOCIÉTÉ GÉNÉRALE,
	 	 	as Initial Note A-3 Holder
	 	 	 
	 	By:	/s/ Jim Barnard
	 	 	Name:   Jim Barnard
	 	 	Title:     Director
	 	 	 
	 	SOCIÉTÉ GÉNÉRALE,
	 	 	as Initial Note A-4 Holder
	 	 	 
	 	By:	/s/ Jim Barnard
	 	 	Name:   Jim Barnard
	 	 	Title:     Director

 

(Agreement Between Note Holders – AFIN PORTFOLIO)

 

     

     

    	 	 	 
	 	SOCIÉTÉ GÉNÉRALE,
	 	 	as Initial Note A-5 Holder
	 	 	 
	 	By:	/s/ Jim Barnard
	 	 	Name:   Jim Barnard
	 	 	Title:     Director
	 	 	 
	 	SOCIÉTÉ GÉNÉRALE,
	 	 	as Initial Note A-6 Holder
	 	 	 
	 	By:	/s/ Jim Barnard
	 	 	Name:   Jim Barnard
	 	 	Title:     Director
	 	 	 
	 	SOCIÉTÉ GÉNÉRALE,
	 	 	as Initial Note A-7 Holder
	 	 	 
	 	By:	/s/ Jim Barnard
	 	 	Name:   Jim Barnard
	 	 	Title:     Director
	 	 	 
	 	SOCIÉTÉ GÉNÉRALE,
	 	 	as Initial Note A-8 Holder
	 	 	 
	 	By:	/s/ Jim Barnard
	 	 	Name:   Jim Barnard
	 	 	Title:     Director

 

(Agreement Between Note Holders – AFIN PORTFOLIO)

 

     

     

    	 	 	 
	 	UBS AG, as Initial Note A-9 Holder
	 	 	 
	 	By:	/s/ David Schell
	 	 	Name:   David Schell
	 	 	Title:     Executive Director
	 	 	 
	 	By:	/s/ Racquel A.C. Small
	 	 	Name:  Racquel A.C. Small
	 	 	Title:     Executive Director

 

 

	 	 	 
	 	
        UBS AG,
        as Initial Note A-10 Holder

         

	 	 	 
	 	By:	/s/ David Schell
	 	 	Name:   David Schell
	 	 	Title:     Executive Director
	 	 	 
	 	By:	/s/ Racquel A.C. Small
	 	 	Name:  Racquel A.C. Small
	 	 	Title:     Executive Director

 

	 	 	 
	 	
        UBS AG,
        as Initial Note A-11 Holder

         

	 	 	 
	 	By:	/s/ David Schell
	 	 	Name:   David Schell
	 	 	Title:     Executive Director
	 	 	 
	 	By:	/s/ Racquel A.C. Small
	 	 	Name:  Racquel A.C. Small
	 	 	Title:     Executive Director

 

	 	 	 
	 	
        UBS AG,
        as Initial Note A-12 Holder

         

	 	 	 
	 	By:	/s/ David Schell
	 	 	Name:   David Schell
	 	 	Title:     Executive Director
	 	 	 
	 	By:	/s/ Racquel A.C. Small
	 	 	Name:  Racquel A.C. Small
	 	 	Title:     Executive Director
	 	 	 

 

 

(Agreement Between Note Holders – AFIN Portfolio)

 

     

     

     

 

	 	 	 
	 	
        UBS AG,
        as Initial Note A-13 Holder

         

	 	 	 
	 	By:	/s/ David Schell
	 	 	Name:   David Schell
	 	 	Title:     Executive Director
	 	 	 
	 	By:	/s/ Racquel A.C. Small
	 	 	Name:  Racquel A.C. Small
	 	 	Title:     Executive Director

 

	 	 	 
	 	
        UBS AG,
        as Initial Note A-14 Holder

         

	 	 	 
	 	By:	/s/ David Schell
	 	 	Name:   David Schell
	 	 	Title:     Executive Director
	 	 	 
	 	By:	/s/ Racquel A.C. Small
	 	 	Name:  Racquel A.C. Small
	 	 	Title:     Executive Director

 

	 	 	 
	 	
        UBS AG,
        as Initial Note A-15 Holder

         

	 	 	 
	 	By:	/s/ David Schell
	 	 	Name:   David Schell
	 	 	Title:     Executive Director
	 	 	 
	 	By:	/s/ Racquel A.C. Small
	 	 	Name:  Racquel A.C. Small
	 	 	Title:     Executive Director

 

	 	 	 
	 	
        UBS AG,
        as Initial Note A-16 Holder

         

	 	 	 
	 	By:	/s/ David Schell
	 	 	Name:   David Schell
	 	 	Title:     Executive Director
	 	 	 
	 	By:	/s/ Racquel A.C. Small
	 	 	Name:  Racquel A.C. Small
	 	 	Title:     Executive Director

 

(Agreement Between Note Holders – AFIN Portfolio)

 

 

     

     

     

 

EXHIBIT A

MORTGAGE LOAN SCHEDULE

Description of Mortgage Loan

	Mortgage Loan Borrower:	ARC CPOKCOK001, LLC, ARC SMWMBFL001, LLC, ARC CPFAYNC001, LLC, ARC SPSANTX001, LLC, ARC JCLOUKY001, LLC, ARC NPHUBOH001, LLC, ARC ASANDSC001, LLC, ARC NLLKFL001, LLC, ARC RBASHNC001, LLC, ARC MCLVSNV001, LLC, ARC BBLVSNV001, LLC AND ARC RGHCHRN001, LLC
	Date of Mortgage Loan:	December 8, 2017
	Date of Notes:	December 8, 2017
	Original Principal Amount of Mortgage Loan:	$210,000,000
	Principal Amount of Mortgage Loan as of the date hereof:	$210,000,000
	Initial Note A-1 Principal Balance:	$25,000,000
	Initial Note A-2 Principal Balance:	$25,000,000
	Initial Note A-3 Principal Balance	$20,000,000
	Initial Note A-4 Principal Balance	$12,000,000
	Initial Note A-5 Principal Balance	$10,000,000
	Initial Note A-6 Principal Balance	$10,000,000
	Initial Note A-7 Principal Balance	$5,000,000
	Initial Note A-8 Principal Balance	$5,000,000

 

 

    A-1 

     

     

	Initial Note A-9 Principal Balance	$20,000,000
	Initial Note A-10 Principal Balance	$20,000,000
	Initial Note A-11 Principal Balance	$15,000,000
	Initial Note A-12 Principal Balance	$15,000,000
	Initial Note A-13 Principal Balance	$10,000,000
	Initial Note A-14 Principal Balance	$8,000,000
	Initial Note A-15 Principal Balance	$5,000,000
	Initial Note A-16 Principal Balance	$5,000,000
	Location of Mortgaged Property:	Various
	Initial Maturity Date:	January 1, 2028

    A-2 

     

    EXHIBIT B

	 	1.	Initial Note A-1 Holder, Initial Note A-2 Holder, Initial Note A-3 Holder, Initial Note A-4 Holder, Initial Note A-5 Holder, Initial Note A-6 Holder, Initial Note A-7 Holder and Initial Note A-8 Holder:

Prior to Securitization of Note A-1, Note A-2,
Note A-3, Note A-4, Note A-5, Note A-6, Note A-7 and Note A-8:

Société Générale

245 Park Avenue

New York, New York 10167

Attention: Jim Barnard

with a copy to:

Société Générale

245 Park Avenue, 11th Floor

New York, New York 10167

Attention: General Counsel

Following Securitization of Note A-1, Note A-2,
Note A-3, Note A-4, Note A-5, Note A-6, Note A-7 and Note A-8, the applicable notice addresses set
forth in the related Securitization Servicing Agreement.

	 	2.	Initial Note A-9 Holder, Initial Note A-10 Holder, Initial Note A-11 Holder, Initial Note A-12 Holder, Initial Note A-13 Holder, Initial Note A-14 Holder, Initial Note A-15 Holder and Initial Note A-16 Holder:

 

Prior to Securitization of Note A-9, Note A-10,
Note A-11, Note A-12, Note A-13, Note A-14, Note A-15 and Note A-16:

 

UBS AG, by and through its branch office at 1285
Avenue of the Americas, New York, New York

1285 Avenue of the Americas

New York, New York 10019

Attention: David Schell

Email: david.schell@ubs.com

 

with a copy to:

 

Cadwalader, Wickersham & Taft LLP

200 Liberty Street

New York, New York 10281

Attention: Frank Polverino, Esq.

Facsimile No.: (212) 504-6666

email: frank.polverino@cwt.com

 

    B-1 

     

    Following Securitization of Note A-9, Note A-10,
Note A-11, Note A-12, Note A-13, Note A-14, Note A-15 and Note A-16, the applicable notice addresses
set forth in the related Securitization Servicing Agreement.

    B-2 

     

    EXHIBIT C

PERMITTED FUND MANAGERS

	 	1.	Westbrook Partners

	 	2.	DLJ Real Estate Capital Partners

	 	3.	iStar Financial Inc.

	 	4.	Capital Trust, Inc.

	 	5.	Lend-Lease Real Estate Investments

	 	6.	Archon Capital, L.P.

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

	 	8.	The Blackstone Group International Ltd.

	 	9.	Apollo Real Estate Advisors

	 	10.	Colony Capital, Inc.

	 	11.	Praedium Group

	 	12.	J.E. Roberts Companies

	 	13.	Fortress Investment Group, LLC

	 	14.	Lonestar Opportunity Fund

	 	15.	Clarion Partners

	 	16.	Walton Street Capital, LLC

	 	17.	Starwood Financial Trust

	 	18.	BlackRock, Inc.

	 	19.	Raith Capital Partners, LLC

	 	20.	Rialto Capital Management LLC

	 	21.	Rialto Capital Partners LLC

	 	22.	KKR Real Estate Manager Finance LLC

 

 

 

     C-1Exhibit 4.6

 

 

EXECUTION VERSION

 

	 

 

City Square and Clay Street

 

CO-LENDER AGREEMENT

 

Dated as of February 27, 2018

 

between

 

TUEBOR TRS II LLC

(Note A-1 Holder)

 

and

 

TUEBOR TRS II LLC

(Note A-2 Holder)

 

and

 

TUEBOR TRS II LLC

(Note A-3 Holder)

 

and

 

TUEBOR TRS II LLC

(Note A-4 Holder)

	 

 

     

     

     

TABLE OF CONTENTS

 

	 	 	 	Page
	 	 	 	 
	1.	Definitions; Conflicts	 	2
	2.	Servicing of the Mortgage Loan	 	14
	3.	Priority of Notes	 	16
	4.	Workout	 	16
	5.	Accounts; Payment Procedure	 	16
	6.	Limitation on Liability	 	17
	7.	Representations of the Holders	 	18
	8.	Independent Analyses of each Holder	 	18
	9.	No Creation of a Partnership or Exclusive Purchase Right	 	19
	10.	Not a Security	 	19
	11.	Other Business Activities of the Holders	 	19
	12.	Transfer of Notes	 	19
	13.	Exercise of Remedies by the Servicer	 	21
	14.	Rights of the Directing Holder	 	23
	15.	Appointment of Special Servicer	 	25
	16.	Rights of the Non-Directing Holders	 	25
	17.	Advances; Reimbursement of Advances	 	26
	18.	Provisions Relating to Securitization	 	27
	19.	Governing Law; Waiver of Jury Trial	 	33
	20.	Modifications	 	34
	21.	Successors and Assigns; Third Party Beneficiaries	 	34
	22.	Counterparts	 	34
	23.	Captions	 	34
	24.	Notices	 	34
	25.	Custody of Mortgage Loan Documents	 	34

 

     -i-

     

     

THIS CO-LENDER AGREEMENT
(the “Agreement”), dated as of February 27, 2018, is between TUEBOR TRS II LLC, a Michigan limited liability
company (“TTRS”), having an address at c/o Marsh Captive Solutions, 100 Bank Street, Suite 610, Burlington,
Vermont 05401, as the holder of Note A-1, TTRS, as the holder of Note A-2, TTRS as the holder of Note A-3 and TTRS, as the holder
of Note A-4.

 

W I T N E S S E T H:

 

WHEREAS, Ladder Capital Finance
LLC (“LCF”) has made a mortgage loan in the original principal amount of $90,000,000 (the “Mortgage
Loan”) to STG City Square, LLC and STG Clay Street, LLC (collectively, the “Borrower”) pursuant to
a loan agreement between the Borrower, as borrower, and LCF, as lender, dated as of January 25, 2018 (the “Loan Agreement”),
which Mortgage Loan is evidenced by four promissory notes: (i) Promissory Note A-1 in the original principal amount of $30,000,000,
(ii) Promissory Note A-2 in the original principal amount of $25,000,000, (iii) Promissory Note A-3 in the original principal amount
of $15,000,000 and (iv) Promissory Note A-4 in the original principal amount of $20,000,000 (“Note A-1”, “Note
A-2”, “Note A-3” and “Note A-4” respectively and individually, each, a “Note”
and collectively the “Notes”);

 

WHEREAS, on or before the
date of this Agreement, LCF transferred its right, title and interest in the Notes to TTRS;

 

WHEREAS, the Mortgage Loan
is secured by a first mortgage lien (the “Mortgage”) on the Borrower’s fee interest in the property known
as City Square and Clay Street located at the addresses listed on Exhibit D hereto (the “Mortgaged Property”);

 

WHEREAS, TTRS intends, but
is not bound, to sell transfer and assign all or a portion of its right, title and interest in and to Note A-1 and Note A-3 to
LCF for sale to one or more depositors who will in turn transfer the same to one or more trusts as part of the securitization of
one or more mortgage loans; and

 

WHEREAS, TTRS intends to
sell, transfer and assign all of its right, title and interest in Note A-2 and Note A-4 (the “UBS-C8 Notes”)
to LCF, which intends to sell, transfer and assign all of its right, title and interest in and to the UBS-C8 Notes to UBS Commercial
Mortgage Securitization Corp. (“UBSCMS”), as depositor, pursuant to a Mortgage Loan Purchase Agreement dated
as of February 12, 2018, by and between UBSCMS, as purchaser, and LCF, as seller, and UBSCMS, as purchaser, intends to transfer
its right, title and interest in and to the UBS-C8 Notes to Wells Fargo Bank, National Association, as trustee for the UBS Commercial
Mortgage Trust 2018-C8 under a pooling and servicing agreement, dated as of February 1, 2018 (the “UBS-C8 PSA”),
among UBSCMS, as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer and as special
servicer, Park Bridge Lender Services LLC, as operating advisor and as asset representations reviewer and Wells Fargo Bank, National
Association, as certificate administrator and as trustee (such sales, transfers and assignments, the “UBS-C8 Securitization”);

 

     

     

     

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

 

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

 

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

 

“Advance”
shall mean any P&I Advance or Property Advance made with respect to any of the Notes, the Mortgage Loan or the Mortgaged Property
pursuant to the Note A-1 PSA, the UBS-C8 PSA or the Note A-3 PSA.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

     -2-

     

     

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

 

“Certificates”
shall mean any securities issued in connection with the Note A-1 Securitization, the UBS-C8 Securitization or the Note A-3 Securitization.

 

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

 

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

 

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

 

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

 

“CREFC® Investor
Reporting Package®” shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.

 

“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 (i) with respect to the Note A-1 Securitization, the depositor under the Note A-1 PSA, (ii) with respect to the Note
A-3 Securitization, the depositor under the Note A-3 PSA, and (iii) with respect to the UBS-C8 Securitization, UBSCMS.

 

“Directing Holder”
shall mean (i) during the period prior to the Note A-1 Securitization Date, the Note A-1 Holder 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 and (ii) after the Note A-1
Securitization Date, the holders of Certificates representing the specified interest in the class of Certificates designated as
the “controlling class” under the Note A-1 Securitization or the duly appointed representative of the holders of such
Certificates; provided, that no Borrower Party, as defined in the applicable Servicing Agreement, thereof shall be entitled
to act as Directing Holder.

 

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

 

     -3-

     

     

“Excluded Amounts”
shall mean:

 

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

 

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

 

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

 

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

 

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

 

“Holder”
shall mean the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder and/or the Note A-4 Holder, as the context indicates.

 

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

 

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

 

“LCF”
shall mean Ladder Capital Finance LLC and its successors in interest.

 

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

 

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

 

“Lead Note Seller”
shall mean the entity that sells the Lead Note into the Lead Securitization.

 

“Lead PSA”
shall mean (a) during the period from and after the UBS-C8 Securitization Date and prior to the Note A-1 Securitization Date, the
UBS-C8 PSA and (b) from and after the Note A-1 Securitization Date, the Note A-1 PSA

 

     -4-

     

     

“Lead Securitization”
shall mean (a) during the period from and after the UBS-C8 Securitization Date and prior to the Note A-1 Securitization Date, the
UBS-C8 Securitization and (b) from and after the Note A-1 Securitization Date, the Note A-1 Securitization.

 

“Lead Securitization
Trust” shall mean (a) during the period from and after the UBS-C8 Securitization Date and prior to the Note A-1 Securitization
Date, the trust established under the UBS-C8 PSA in connection with the UBS-C8 Securitization and, (b) from and after the Note
A-1 Securitization Date, the trust established under the Note A-1 PSA in connection with the Note A-1 Securitization.

 

“Lead Servicer”
shall mean (a) during the period from and after the UBS-C8 Securitization Date and prior to the Note A-1 Securitization Date, the
servicer and/or special servicer designated under the UBS-C8 PSA and, (b) from and after the Note A-1 Securitization Date, the
servicer and/or special servicer designated under the Note A-1 PSA.

 

“Lead Trustee”
shall mean (a) during the period from and after the UBS-C8 Securitization Date and prior to the Note A-1 Securitization Date, the
UBS-C8 Trustee and, (b) from and after the Note A-1 Securitization Date, the trustee designated under the Note A-1 Securitization.

 

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

 

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

 

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

 

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

 

“Master Servicer
Remittance Date” shall mean:

 

(a)       during
the period after the UBS-C8 Securitization Date but prior to the Note A-1 Securitization Date:

 

(i)        with
respect to Note A-3, (1) if such Note is not included in a Securitization, one Business Day after the Determination Date (as defined
in the UBS-C8 PSA) and (2) if such Note is included in a Securitization, two Business Days prior to the Master Servicer Remittance
Date (or analogous term) as defined in the Note A-3 PSA (as long as such date is at least one Business Day after receipt of the
Monthly Payment);

 

(ii)       with
respect to the UBS-C8 Notes, the “Master Servicer Remittance Date” (or analogous term) as defined in the UBS-C8 PSA;
and

 

(iii)      with
respect to Note A-1, one Business Day after the Determination Date (as defined in the UBS-C8 PSA)

 

     -5-

     

     

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

 

(i)        with
respect to Note A-3, (1) if such Note is not included in a Securitization, one Business Day after the Determination Date (as defined
in the Note A-1 PSA) and (2) if such Note is included in a Securitization, two Business Days prior to the Master Servicer Remittance
Date (or analogous term) as defined in the Note A-3 PSA (as long as such date is at least one Business Day after receipt of the
Monthly Payment);

 

(ii)       with
respect to the UBS-C8 Notes, two Business Days prior to the Master Servicer Remittance Date (or analogous term) as defined in the
UBS-C8 PSA (as long as such date is at least one Business Day after receipt of the Monthly Payment); and

 

(iii)      with
respect to Note A-1 the “Master Servicer Remittance Date” (or analogous term) as defined in the Note A-1 PSA.

 

“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.

 

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

 

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

 

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

 

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

 

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

 

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

 

“Mortgage Loan Principal
Balance” shall mean, at any date of determination, the aggregate 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 Holders”
shall mean the holders of any Note other than Note A-1 or, if any of such Notes have been included in a Securitization, the holders
of Certificates

 

     -6-

     

     

representing the specified interest in the
class of Certificates designated as the “controlling class” or the duly appointed representative of the holders of
such Certificates or such other party otherwise entitled under the UBS-C8 PSA and the Note A-3 PSA to exercise the rights granted
to the Non-Directing Holders in this Agreement. If Note A-2, Note A-3 or Note A-4 is no longer in a Securitization, the Non-Directing
Holder with respect to such Note will be the then-current Holder of such Note.

 

“Non-Lead Master
Servicer” shall mean, (i) with respect to the UBS-C8 Notes, from and after the Note A-1 Securitization Date, the master
servicer designated under the UBS-C8 PSA and (ii) with respect to Note A-3, the master servicer designated under the Note A-3 PSA.

 

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

 

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

 

“Non-Lead Servicing
Agreements” shall mean (i) from and after the Note A-1 Securitization Date, the UBS-C8 PSA and (ii) the Note A-3 PSA.

 

“Non-Lead Special
Servicer” shall mean, (i) from and after the Note A-1 Securitization Date, the special servicer designated under the
UBS-C8 PSA and (ii) the special servicer designated under the Note A-3 PSA.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

     -7-

     

     

“Note A-1 Special
Servicer” shall mean the special servicer for the Mortgage Loan under the Note A-1 PSA.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

     -8-

     

     

“P&I Advance”
shall mean an advance made by a party to the Note A-1 PSA, the UBS-C8 PSA or the Note A-3 PSA, as applicable, with respect to a
delinquent monthly debt service payment on the Notes included in the related Securitization.

 

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

 

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

 

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

 

“Property Advance”
shall mean an advance made in respect of property protection expenses or expenses incurred to protect, preserve and enforce the
security for the Mortgage Loan or to pay taxes and assessments or insurance premiums with respect to the Mortgaged Property.

 

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

 

“PSA”
shall mean the Note A-1 PSA, the UBS-C8 PSA, and the Note A-3 PSA, as the context requires.

 

“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

 

     -9-

     

     

prior to the time of determination, (4) a servicer
that (i) during the 12-month period prior to the date of determination, acted as master servicer or special servicer, as applicable,
in a commercial mortgage loan securitization rated by Morningstar and (ii) Morningstar has not qualified, downgraded or withdrawn
the then-current rating or ratings of one or more classes of such certificates citing servicing concerns with the servicer or special
servicer, as applicable, as the sole or material factor in such rating action and (5) in the case of DBRS, that within the twelve
(12) month period prior to the date of determination such servicer was acting as servicer or special servicer, as applicable, in
a commercial mortgage loan securitization that was rated by DBRS and DBRS has not downgraded or withdrawn the then current rating
on any class of commercial mortgage securities or placed any class of commercial mortgage securities on watch citing the continuation
of such servicer as servicer or special servicer, as applicable, of such commercial mortgage securities as a material reason for
such downgrade or withdrawal. 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 LCF, or an Affiliate of Note A-1 Holder, Note A-2 Holder, Note A-3 Holder, Note A-4 Holder or one or more of the following
(other than the Borrower or any entity which is an Affiliate of the Borrower):

 

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

 

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

 

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

 

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

 

(v)        a
Qualified Trustee (or, in the case of a CLO, a single purpose bankruptcy-remote entity that contemporaneously pledges its interest
in a Note to a Qualified Trustee) in connection with (A) a securitization of, (B) the creation of collateralized loan (or debt)
obligations (“CLO”) secured by, or (C) a financing through an “owner trust” of, any interest in
a Note (any of the foregoing, a “Securitization Vehicle”), provided that either (1) one or more classes
of securities issued by such Securitization Vehicle is initially rated at least investment grade by at least two nationally recognized
credit rating agencies; (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

 

     -10-

     

     

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 $400,000,000 in total assets (in name or under management) and (except with respect
to a pension advisory firm or similar fiduciary) at least $200,000,000 in capital/statutory surplus or shareholders’ equity,
and is regularly engaged in the business of making or owning commercial real estate loans or commercial loans similar to the Mortgage
Loan.

 

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

 

“Rating Agencies”
shall mean DBRS, Moody’s, Fitch, KBRA, 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 for each Securitization 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 or none of the Notes are included in a Securitization, any action that would otherwise require
a Rating Agency Confirmation shall require the consent of the Note A-1 Holder, which consent shall not be unreasonably withheld,
conditioned or delayed.

 

For the purposes of this
Agreement, if any Rating Agency (1) waives, declines or refuses, in writing to review or otherwise engage any request for a confirmation
hereunder from such Rating Agency that a proposed action will not result in a qualification, downgrade or

 

     -11-

     

     

withdrawal of its then current rating of the
securities issued pursuant to the related Securitization, or (2) does not reply to such request or responds in a manner that indicates
that such Rating Agency is neither reviewing such request nor waiving the requirement for Rating Agency Confirmation and the related
timing, notice and other applicable provisions set forth in the Servicing Agreement and the Non-Lead Servicing Agreements, 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.

 

“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 Holder through foreclosure, deed in lieu of foreclosure or otherwise.

 

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

 

“Securitization”
shall mean the Note A-1 Securitization, the UBS-C8 Securitization and the Note A-3 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 (a) during the period from and after the UBS-C8 Securitization Date and prior to the Note A-1 Securitization Date, the
UBS-C8 PSA and, (b) after the Note A-1 Securitization Date, the Note A-1 PSA; provided that in the event the Lead Note is no longer
an asset of the trust fund created pursuant to the Servicing Agreement, the term “Servicing Agreement” shall refer
to the subsequent servicing agreement entered into pursuant to Section 2.

 

“Servicing Fee”
shall mean 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

 

     -12-

     

     

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 File”
shall have the meaning assigned to such term or an analogous term in 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 and hereunder.

 

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

 

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

 

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

 

“Trustee”
shall mean the trustee under the Note A-1 PSA, the UBS-C8 PSA or the Note A-3 PSA, as the context requires.

 

“TTRS”
shall mean Tuebor TRS II LLC and its successors in interest.

 

“UBS-C8 Master Servicer”
shall mean the master servicer under the UBS-C8 PSA.

 

“UBS-C8 Notes”
shall have the meaning assigned to such term in the recitals.

 

“UBS-C8 PSA”
shall have the meaning assigned to such term in the recitals.

 

“UBS-C8 Securitization”
shall have the meaning assigned to such term in the recitals.

 

“UBS-C8 Securitization
Date” shall mean the closing date of the UBS-C8 Securitization.

 

“UBS-C8 Special
Servicer” shall mean the special servicer for the Mortgage Loan under the UBS-C8 PSA.

 

“UBS-C8 Trustee”
shall mean the trustee under the UBS-C8 PSA.

 

     -13-

     

     

“UBS-C8 Trust Fund”
shall mean the trust formed pursuant to the UBS-C8 PSA.

 

“UBSCMS”
shall mean UBS Commercial Mortgage Securitization Corp. and its successors in interest.

 

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 as follows:

 

(i)        from
and after the UBS-C8 Securitization Date, but prior to the Note A-1 Securitization Date, by the UBS-C8 Master Servicer and the
UBS-C8 Special Servicer pursuant to the terms of this Agreement and the UBS-C8 PSA; and

 

(ii)       from
and after the Note A-1 Securitization Date, by the Note A-1 Master Servicer and the Note A-1 Special Servicer pursuant to the terms
of this Agreement and the Note A-1 PSA.

 

Each Holder agrees to reasonably
cooperate with each Servicer with respect to its exercise of its rights and obligations under the Servicing Agreement.

 

(b)       The
Note A-1 PSA, UBS-C8 PSA and Note A-3 PSA shall contain terms and conditions that are customary for securitization transactions
involving assets similar to the Mortgage Loan and that are otherwise (i) required by the Code relating to the tax elections of
the Note A-1 Trust Fund, the UBS-C8 Trust Fund and the Note A-3 Trust Fund, (ii) required by law or changes in any law, rule or
regulation or (iii) requested by the Rating Agencies rating the Note A-1 Securitization, the UBS-C8 Securitization or the Note
A-3 Securitization. In addition, the Note A-1 PSA, UBS-C8 PSA and Note A-3 PSA shall have such additional provisions as are set
forth in Section 18. The Note A-1 Holder shall have the right to designate the Master Servicer and Special Servicer for
the Note A-1 Securitization as long as each such party is a Qualified Servicer.

 

(c)       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).

 

(d)       If,
at any time the Lead Note is no longer in a Securitization, the Note A-1 Holder shall cause the Mortgage Loan to be serviced pursuant
to a servicing agreement that is substantially similar to the Servicing Agreement (and, if any Non-Lead Note is in a Securitization,
subject to receipt of a Rating Agency Confirmation from the Rating Agencies that were engaged by the Depositor to rate such Securitization)
and all references herein to the

 

     -14-

     

     

“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 Note A-1 Holder shall cause the Mortgage Loan to be serviced
pursuant to the provisions of the Servicing Agreement as if such agreement was still in full force and effect with respect to the
Mortgage Loan; provided, further, however, that until a replacement Servicing Agreement is in place, the actual
servicing of the Mortgage Loan may be performed by any Qualified Servicer appointed by the Note A-1 Holder and does not have to
be performed by the service providers set forth under the Servicing Agreement that was previously in effect.

 

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

 

(f)        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.

 

(g)       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.

 

(h)       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

 

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any such taxes, nor shall any disbursement
or payment otherwise distributable to the other Holders be reduced to offset or make-up any such payment or deficit.

 

3.         Priority
of Notes. Note A-1, Note A-2, Note A-3 and Note A-4 shall be of equal priority, and no portion of any of Note A-1, Note A-2,
Note A-3 or Note A-4 shall have priority or preference over any portion of the other Notes or security therefor. Except for the
Excluded Amounts, all amounts tendered by the Borrower or otherwise available for payment on the Mortgage Loan, whether received
in the form of Monthly Payments, a balloon payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit or other
instrument serving as security on the Mortgage Loan, proceeds under title, hazard or other insurance policies or awards or settlements
in respect of condemnation proceedings or similar exercise of the power of eminent domain shall be distributed by the Master Servicer
and applied to Note A-1, Note A-2, Note A-3 and Note A-4 on a Pro Rata and Pari Passu Basis.

 

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

 

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

 

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

 

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received by the Master Servicer after the related
Master Servicer Remittance Date shall be remitted by the Master Servicer to such accounts within the time period specified in the
Servicing Agreement.

 

If any Servicer holding or
having distributed any amount received or collected in respect of Note A-1, Note A-2, Note A-3 or Note A-4 determines, or a court
of competent jurisdiction orders, at any time that any amount received or collected in respect of Note A-1, Note A-2, Note A-3
or Note A-4 must, pursuant to any insolvency, bankruptcy, fraudulent conveyance, preference or similar law, be returned to the
Borrower or paid to the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 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 Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder or the Note A-4 Holder, as applicable, and such
Note A-1 Holder, Note A-2 Holder, Note A-3 Holder or Note A-4 Holder, as applicable, shall promptly on demand repay to such Servicer
the portion that has been distributed to the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder or the Note A-4 Holder,
as applicable, together with interest thereon at such rate, if any, as such Servicer shall have been required to pay to the Borrower,
the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, any Servicer or such other person or entity
with respect thereto. Each of the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder and the Note A-4 Holder agrees that
if at any time it shall receive from any sources whatsoever any payment on account of the Mortgage Loan in excess of its distributable
share thereof, it will promptly remit such excess to the Master Servicer. The Master Servicer shall have the right to offset any
amounts due hereunder from the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder or the Note A-4 Holder, as applicable,
with respect to the Mortgage Loan against any future payments due to the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder
or the Note A-4 Holder, as applicable, under the Mortgage Loan, provided, that the obligations of the Note A-1 Holder, the
Note A-2 Holder, the Note A-3 Holder and the Note A-4 Holder under this Section 5 are separate and distinct obligations
from one another and in no event shall any Servicer enforce the obligations of any Holder against any other Holder. The obligations
of the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder and the Note A-4 Holder under this Section 5 constitute
absolute, unconditional and continuing obligations and each Servicer shall be deemed a third-party beneficiary of these provisions.

 

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

 

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

 

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

 

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

 

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

   

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

 

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

 

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

 

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

 

(viii)   It
is a Qualified Transferee.

 

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

 

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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.

 

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

 

10.       Not
a Security. None of Note A-1, Note A-2, Note A-3 or Note A-4 shall be deemed to be a security within the meaning of the
Securities Act of 1933 or the Securities Exchange Act of 1934.

 

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

 

12.       Transfer
of Notes.  (a) Each Holder may Transfer up to 49% (in the aggregate) of its beneficial interest in its Note whether
or not the related transferee is a Qualified Transferee without a Rating Agency Confirmation. Each Holder shall not Transfer more
than 49% (in the aggregate) of its beneficial interest in its Note unless (i) prior to a Securitization of any Note, the other
Holder has consented to such Transfer, in which case the related transferee shall thereafter be deemed to be a “Qualified
Transferee” for all purposes under this Agreement, (ii) after a Securitization of any Note, a Rating Agency Confirmation
has been received with respect to such Transfer, in which case the related transferee shall thereafter be deemed to be a “Qualified
Transferee” for all purposes under this Agreement, (iii) such Transfer is to a Qualified Transferee, or (iv) such Transfer
is in connection with a sale by a Securitization trust. Any such transferee must assume in writing the obligations of the transferring
Holder hereunder and agree to be bound by the terms and provisions of this Agreement and the Servicing Agreement. Such proposed
transferee (except in the case of Transfers that are made in connection with a Securitization) shall also remake each of the representations
and warranties contained herein for

 

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the benefit of the other Holder. Notwithstanding
the foregoing, without the non-transferring Holders’ prior consent (which will not be unreasonably withheld), and, if any
such non-transferring Holder’s Note is in a Securitization, without a Rating Agency Confirmation from each Rating Agency
that has been engaged by the Depositor to rate the securities issued in connection with such Securitization, no Holder shall Transfer
all or any portion of its Note to the Borrower or an Affiliate of the Borrower and any such Transfer shall be absolutely null and
void and shall vest no rights in the purported transferee.

 

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

 

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

 

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

 

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request therefor; (iv) that the other Holders
shall accept any cure by such Note Pledgee of any default of the pledging Holder which such pledging Holder has the right to effect
hereunder, as if such cure were made by such pledging Holder; (v) that the other Holders or Servicer shall deliver to Note Pledgee
such estoppel certificate(s) as Note Pledgee shall reasonably request, provided that any such certificate(s) shall be in
a form reasonably satisfactory to the other Holders; and (vi) that, upon written notice (a “Redirection Notice”)
to the Servicer by such Note Pledgee that the pledging Holder is in default beyond any applicable cure periods with respect to
the pledging Holder’s obligations to such Note Pledgee pursuant to the applicable credit agreement or other agreements relating
to the Pledge between the pledging Holder and such Note Pledgee (which notice need not be joined in or confirmed by the pledging
Holder), and until such Redirection Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee (or at any time that pledging
Holder otherwise directs that such payment be made to Note Pledgee pursuant to a separate notice) shall be entitled to receive
any payments that any Servicer would otherwise be obligated to make to the pledging Holder from time to time pursuant to this Agreement
or any Servicing Agreement. Any pledging Holder hereby unconditionally and absolutely releases the other Holders and any Servicer
from any liability to the pledging Holder on account of any Holder’s or Servicer’s compliance with any Redirection
Notice believed by any Servicer or other 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 Holders and the Servicer shall recognize such Note Pledgee (and any transferee (other than the Borrower
or any Affiliate of the Borrower) that is also a Qualified Transferee at any foreclosure or similar sale held by such Note Pledgee
or any transfer in lieu of foreclosure), and such Person’s successor and assigns, as the successor to the pledging Holder’s
rights, remedies and obligations under this Agreement, and any such Note Pledgee or Qualified Transferee shall assume in writing
the obligations of the pledging Holder hereunder accruing from and after such Transfer (i.e., realization upon the collateral
by such Note Pledgee) and agrees to be bound by the terms and provisions of this Agreement. The rights of a Note Pledgee under
this Section 12(d) shall remain effective as to any Holder (and any Servicer) unless and until such Note Pledgee shall have
notified such Holder (and any Servicer, as applicable) in writing that its interest in the pledged Note has terminated.

 

13.       Exercise
of Remedies by the Servicer.  (a) Subject to the terms of this Agreement and the Servicing Agreement and subject
to the rights and consents, where required, of the Directing Holder, the Servicer shall have the sole and exclusive authority with
respect to the administration of, and exercise of rights and remedies with respect to, the Mortgage Loan, including, without limitation,
the sole and exclusive authority to (i) modify or waive any of the terms of the Mortgage Loan Documents, (ii) consent to any action
or failure to act by the Borrower or any party to the Mortgage Loan Documents, (iii) vote all claims with respect to the Mortgage
Loan in any bankruptcy, insolvency or other similar proceedings and (iv) to take legal action to enforce or protect the Holders’
interests with respect to the Mortgage Loan or to refrain from exercising any powers or rights under the Mortgage Loan Documents,
including the right at any time to call or waive any Events of Default, or accelerate or refrain from accelerating the Mortgage
Loan or institute any foreclosure action, and the Holders shall have no voting, consent

 

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

 

(c)     The
Holders hereby acknowledge 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., the Lead Note and Non-Lead Notes). Any such sale of the entire Defaulted Mortgage Loan is subject to the satisfaction of
the following:

 

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

 

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

 

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

 

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

 

(3)      at
least 10 days prior to the proposed sale date, a copy of the most recent Appraisal for the Mortgage Loan, and any documents in
the Servicing File reasonably 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

 

 

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documents that are approved by the
Master Servicer or the Special Servicer in connection with the proposed sale.

 

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

 

The Non-Lead Note Holders
hereby appoint the Lead Note Holder as their agent, and grant to the Lead Note Holder an irrevocable power of attorney coupled
with an interest, and its proxy, for the purpose of soliciting and accepting offers for and consummating the sale of the Non-Lead
Notes. Each Non-Lead Note Holder further agrees that, upon the request of the Lead Note Holder, such Non-Lead Note 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.

 

The authority of the Lead
Note Holder to sell the Non-Lead Notes, and the obligations of the Non-Lead Note Holders to execute and deliver instruments or
deliver the Non-Lead Notes upon request of the Lead Note Holder, shall terminate and cease to be of any further force or effect
upon the date, if any, upon which the Lead Note is repurchased by the Lead Note Seller from the trust fund established under the
Servicing Agreement in connection with a material breach of representation or warranty made by the Lead Note Seller with respect
to the Lead Note or material document defect with respect to the documents delivered by the Lead Note Seller with respect to the
Lead Note upon the consummation of the Lead Securitization.

 

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

 

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

 

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Servicer shall not be permitted to take any
Major 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.

 

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.

 

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

 

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

 

The Directing Holder shall have no liability to
the other Holders or any other Person for any action taken, or for refraining from the taking of any action or the giving of any
consent or the failure to give any consent pursuant to this Agreement or the Servicing Agreement, or errors in judgment, absent
any loss, liability or expense incurred by reason of its willful misfeasance, bad faith or gross negligence. The Holders agree
that the Directing Holder may take or refrain from taking actions, or give or refrain from giving consents, that favor the interests
of one Holder over the other Holder, and that the Directing Holder may have special relationships and interests that conflict with
the interests of another Holder and, absent willful misfeasance, bad faith or gross negligence on the part of the Directing Holder
agree to take no action against the Directing Holder or any of its officers, directors, employees, principals or agents as a result
of such special relationships or interests, and that the Directing Holder will not

 

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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 an 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 Holders and the parties to the Note A-1 PSA, the UBS-C8 PSA and the Note
A-3 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.

 

The Directing Holder agrees
and acknowledges that prior to the Note A-1 Securitization, the Special Servicer could be terminated under the UBS-C8 PSA in connection
with a “servicer termination event” thereunder, or otherwise based on a recommendation by the operating advisor under
the UBS-C8 PSA if (1) the operating advisor determines, in its sole discretion exercised in good faith, that (a) the Special Servicer
has failed to comply with the Servicing Standard and (b) a replacement of the Special Servicer would be in the best interest of
the holders of Certificates issued under the UBS-C8 PSA (as a collective whole) and (2) the affirmative vote of the requisite certificate
holders is obtained. The Directing Holder will retain its right to remove and replace the Special Servicer, but the Directing Holder
may not restore a Special Servicer that has been removed in accordance with the preceding sentence.

 

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

 

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

 

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Securitization transaction, who shall
forward such notice as and when required under the terms of the related Securitization documents; and

 

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

 

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

 

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

 

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

 

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

 

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

 

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entitled to interest on any Advance made in
the manner and from the sources provided in the Note A-1 PSA, the UBS-C8 PSA or the Note A-3 PSA, as applicable.

 

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

 

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

 

(d)       The
parties to each of the Note A-1 PSA, the UBS-C8 PSA and the Note A-3 PSA shall each be entitled to make their own recoverability
determination with respect to a P&I Advance based on the information that they have on hand and in accordance with the Note
A-1 PSA, the UBS-C8 PSA or the Note A-3 PSA, as applicable.

 

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

 

18.       Provisions
Relating to Securitization.

 

(a)        New
Notes. For so long as TTRS, LCF or an Affiliate of LCF (an “Initial Note Holder”) is the owner of any Notes,
such Initial Note 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

 

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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 Initial Note Holder holding the New Notes shall notify each other Holder, as applicable, and, if any other Note has
been included in a securitization, the parties under each applicable pooling and servicing agreement, in writing of such modified
allocations and principal amounts. In connection with the foregoing, (1) the Master Servicer is hereby authorized to execute amendments
to the Loan Agreement and this Agreement (or to amend and restate the Loan Agreement and this Agreement) on behalf of any or all
of the Holders solely for the purpose of reflecting such reallocation of principal or such severing of a Note, (2) if a Note is
severed into “component” notes, such component notes shall each have their same rights as the respective original Note
and (3) the definition of the term “Securitization” and all of the related defined terms may be amended (and new terms
added, as necessary) to reflect the New Notes. Rating Agency Confirmation shall not be required for any amendments to this Agreement
required to facilitate the terms of this Section 18(a). The Initial Note 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)        Each
Non-Lead Note Holder agrees that (if the related Non-Lead Note is included in a Securitization other than the Lead Securitization)
it shall cause the related Non-Lead Servicing Agreement to provide as follows:

 

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

 

 

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

 

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

 

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

 

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

 

(d)       The
Note A-1 Holder shall provide the Depositor, the Non-Lead Servicer and the Non-Lead Special Servicer under the UBS-C8 PSA and the
Note A-3 PSA (as of the Note A-1 Securitization Date) (provided such party is not also a party to the Note A-1 PSA) notice
of the Note A-1 Securitization in writing (which may be by email) prior to or promptly following the Note A-1 Securitization Date.
Unless accompanied by the Note A-1 PSA, such

 

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notice shall contain contact information for
each of the parties to the Note A-1 PSA and the identity of the Controlling Class Representative under such Note A-1 PSA. In addition,
after the Note A-1 Securitization Date, the Note A-1 Holder shall send a copy of the Note A-1 PSA to the Depositor, the Non-Lead
Servicer and the Non-Lead Special Servicer under the UBS-C8 PSA (as of the Note A-1 Securitization Date) provided such party is
not also a party to the Note A-1 PSA.

 

(e)       The
Lead PSA shall provide that:

 

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

 

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

 

(iv)       the
Master Servicer agrees to make available to each master servicer under the Non-Lead Servicing Agreements 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)        the
Master Servicer, any primary servicer, the Special Servicer and the Lead Trustee, certificate administrator or other party acting
as custodian for the Lead Securitization shall be required to deliver (and shall be required to cause each other servicer and servicing
function participant (within the meaning of Items 1123 and 1122, respectively, of Regulation AB) retained or engaged by it to deliver),
to the parties to the related Non-Lead Servicing Agreement, at its own expense, in a timely manner, the reports, certifications,
compliance statements, accountants’ assessments and attestations, information to be included in reports (including, without
limitation, Form 15G, Form 10K, Form 10D, and Form 8K), and other materials specified in a Non-Lead Servicing Agreement as the
parties to each Non-Lead Securitization may require in order to comply with their obligations under the Securities Act of 1933,
as amended, Securities Exchange Act of 1934 (including Rule 15Ga-1), as amended, and Regulation AB, and any other applicable law.
Without limiting the generality of the foregoing, the Lead Note Holder for a Lead Securitization shall provide in a timely manner
to the depositor and the trustee for any prior Securitization a copy of the Servicing Agreement and each Lead Servicer (at the
expense of the Lead Note Holder) will be required, upon prior written request, to provide to the depositor and the trustee for
any prior Securitization any other information required to comply in a timely manner with applicable filing requirements under
Items 1.01 and 6.02 of Form 8-K, any other disclosure information required pursuant to

 

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Regulation AB in a timely manner
for inclusion in any disclosure document (and, with respect to the Servicing Agreement, for filing under Form 8-K), and with respect
to the Lead Servicers, upon prior written request, market indemnification agreements, opinions and Regulation AB compliance letters
as were or are being delivered with respect to the Lead Securitization. As used in this Agreement, “Regulation AB”
means Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§ 229.1100-229.1125, as such may be
amended from time to time, and subject to such clarification and interpretation as have been provided by the United States Securities
and Exchange Commission (the “Commission”) or by the staff of the Commission, or as may be provided by the Commission
or its staff from time to time, in each case as effective from time to time as of the compliance dates specified therein. The Master
Servicer, any primary servicer and the Special Servicer, upon prior written request, shall each be required to provide certification
and indemnification to each Certifying Person with respect to the Sarbanes-Oxley Certification (or analogous terms) as such terms
are defined in the related Non-Lead Servicing Agreements;

 

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

 

(vii)       with
respect to any Non-Lead Note, the Master Servicer shall withdraw from the related Collection Account and remit to the Holder of
the applicable Non-Lead Note, within one (1) Business Day of receipt of properly identified 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 the month of receipt; provided,
however, that to the extent any such amounts are received after 3:00 p.m. Eastern time on any given Business Day, the Master
Servicer shall use commercially reasonable efforts to remit such late collections or principal prepayments to the related Non-Lead
Master Servicer within one Business Day of receipt of properly identified funds but, in any event, the Master Servicer shall remit
such amounts within two Business Days of receipt of properly identified funds;

 

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

 

(ix)       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;

 

 

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

 

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

 

(xiii)      provide
that “servicer termination events” (or any analogous term under the Servicing Agreement) include customary market termination
events with respect to failure to make advances, failure to remit payments to the Non-Lead Note Holders as required, failure to
deliver (or cause to be delivered) materials or information required in order for the Non-Lead Note Holders or the depositor under
a Non-Lead Servicing Agreement to timely comply with its obligations under the Exchange Act, the Securities Act or Form SF-3, and
for rating agency triggers with respect to any Certificates, subject to customary grace periods (provided that, in the case of
failures related to the securities laws, such grace periods will not cause a depositor under a Non-Lead Servicing Agreement to
fail to comply with the applicable provisions of such securities laws);

 

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

 

(xv)        any
conflict between the Lead PSA and this Agreement will be resolved in favor of this Agreement; and

 

(xvi)       in
the case of the Note A-1 PSA, have provisions materially consistent with those set forth in the UBS-C8 PSA with respect to:

 

 

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(A)       
servicing transfer events that would result in the transfer of the Mortgage Loan to special servicing status;

 

(B)        the
authority of the servicers in the UBS-C8 Securitization to grant or agree or consent to material modifications, waivers and amendments
to the Mortgage Loan, or to approve material assignments and assumptions or material additional indebtedness in connection with
the Mortgage Loan;

 

(C)       
requirements to obtain an appraisal or appraisal update following a transfer of the Mortgage Loan to special servicing status and
periodic updates thereof;

 

(D)       
duties of the special servicer in respect of foreclosure and the management of REO property; and

 

(E)       
subject to various adjustments and caps provided for in the Note A-1 PSA (which shall be substantially similar to those set forth
in the UBS-C8 PSA), primary servicing, special servicing, workout and liquidation fees (and, in any event, the fees at which such
compensation accrue or are determined shall not exceed 0.0025% per annum, 0.25% per annum, 1.00% and 1.00%, respectively),

 

provided, however,
that (1) this clause (xvi) shall not be construed to prohibit differences in timing, control or consultation triggers or thresholds,
terminology, allocation of ministerial duties between multiple servicers or other service providers or certificate holder or investor
voting or consent thresholds, or to prohibit or restrict additional approval, consent, consultation, notice or rating agency confirmation
requirements; and (2) in the event of any conflict between this sentence and any other provision of this Agreement, such other
provision of the Agreement shall control.

 

Any conflict between
the Lead and this Agreement will be resolved in favor of this Agreement.

 

(f)       If
any provision required to be included in the Note A-1 PSA, the UBS-C8 PSA or the Note A-3 PSA is not included therein as required
in this Agreement, each Holder agrees that each such provision shall be deemed to be incorporated as a provision of and made a
part of the Note A-1 PSA, the UBS-C8 PSA or the Note A-3 PSA, as the case may be.

 

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

 

 

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20.       Modifications.  This
Agreement shall not be modified, cancelled or terminated except by an instrument in writing signed by the parties hereto. Additionally,
from and after a Securitization, except to cure any ambiguity or to correct any error or as set forth in Section 18(a), (b) and
(c), this Agreement may not be modified unless a Rating Agency Confirmation has been delivered with respect to each Securitization,
except that no Rating Agency Confirmation shall be required in connection with a modification to cure any ambiguity or to correct
or supplement any provision herein that may be defective or inconsistent with any other provisions herein.

 

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

 

25.       Custody
of Mortgage Loan Documents.  The originals of all of the Mortgage Loan Documents (other than Note A-1 and Note A-3)
will be held by the UBS-C8 Trustee (or by a custodian on its behalf) under the terms of the UBS-C8 PSA on behalf of all of the
Holders until the Note A-1 Securitization Date, at which time the originals of all of the Mortgage Loan Documents (other than Note
A-2, Note A-3 and Note A-4) will be transferred to and held by the Note A-1 Trustee (or by a custodian on its behalf) on behalf
of all of the Holders.

 

[NO FURTHER TEXT ON THIS PAGE]

 

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

 

	 	Note A-1 Holder:
	 	 
	 	TUEBOR TRS II LLC
	 	 
	 	 By:	/s/ David M. Traitel
	 	 	Name: David M. Traitel
Title:   Managing Director

 

 

	 	Note A-2 Holder:
	 	 
	 	TUEBOR TRS II LLC
	 	 
	 	 By:	/s/ David M. Traitel
	 	 	Name: David M. Traitel
Title:   Managing Director

 

 

 

	 	Note A-3 Holder:
	 	 
	 	TUEBOR TRS II LLC
	 	 
	 	 By:	/s/ David M. Traitel
	 	 	Name: David M. Traitel
Title:   Managing Director

 

 

 

	 	Note A-4 Holder:
	 	 
	 	TUEBOR TRS II LLC
	 	 
	 	 By:	/s/ David M. Traitel
	 	 	Name: David M. Traitel
Title:   Managing Director

 

 

Signature Page

City Square and Clay Street Crossing Co-Lender
Agreement

 

     

     

     

EXHIBIT A

 

MORTGAGE LOAN SCHEDULE

 

A.       Description of Mortgage
Loan

 

	Borrowers:	STG City Square, LLC and STG Clay Street, LLC
	Mortgage Loan Origination Date:	January 25, 2018
	Initial Principal Amount of Mortgage Loan:	$90,000,000
	Co-Lender Closing Date Mortgage Loan Principal Balance:	$90,000,000
	Location of Mortgaged Property:	Oakland, California
	Current Use of Mortgaged Property:	Mixed Use – Retail/Office
	Mortgage Interest Rate:	4.728% per annum
	Maturity Date:	February 6, 2028

 

    A-1 

     

     

B.       Description of Notes

 

	Mortgage Loan Origination Date:	January 25, 2018
	Initial Note A-1 Principal Balance:	$30,000,000
	Initial Note A-2 Principal Balance:	$25,000,000
	Initial Note A-3 Principal Balance:	$15,000,000
	Initial Note A-4 Principal Balance:	$20,000,000
	Initial Note A-1 Percentage Interest:	33.33%
	Initial Note A-2 Percentage Interest:	27.78%
	Initial Note A-3 Percentage Interest:	16.67%
	Initial Note A-4 Percentage Interest:	22.22%
	Note A-1 Interest Rate:	4.728% per annum
	Note A-2 Interest Rate:	4.728% per annum
	Note A-3 Interest Rate:	4.728% per annum
	Note A-4 Interest Rate:	4.728% per annum
	Note A-1 Default Interest Rate:	Lesser of (i) the maximum rate permitted by applicable law, or (ii) five percent (5%) above the Note A-1 Interest Rate, compounded monthly.
	Note A-2 Default Interest Rate:	Lesser of (i) the maximum rate permitted by applicable law, or (ii) five percent (5%) above the Note A-2 Interest Rate, compounded monthly.
	Note A-3 Default Interest Rate:	Lesser of (i) the maximum rate permitted by applicable law, or (ii) five percent (5%) above the Note A-3 Interest Rate, compounded monthly.
	Note A-4 Default Interest Rate:	Lesser of (i) the maximum rate permitted by applicable law, or (ii) five percent (5%) above the Note A-4 Interest Rate, compounded monthly.

 

    A-2 

     

     

EXHIBIT B

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

 

Tuebor TRS II LLC

c/o Ladder Capital Finance LLC

345 Park Avenue, 8th Floor

New York, New York 10154

Attention: Mark Ableman

 

with a copy to:

 

Tuebor TRS II LLC

c/o Ladder Capital Finance LLC

345 Park Avenue, 8th Floor

New York, New York 10154

Attention: Kelly Porcella

 

with a copy to:

 

Kelley Drye & Warren LLP

One Jefferson Road

Parsippany, New Jersey 07054

Attention: James Jacobus, Esq.

 

with a copy to:

 

Wells Fargo Bank National Association

Commercial Mortgage Servicing

MAC D1086-120

550 South Tryon Street, 14th Floor

Charlotte, North Carolina 28202

Attention: Asset Management

 

    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.

Rialto Capital Management, LLC

Rialto Capital Advisors, LLC

Raith Capital Partners, LLC

KKR Real Estate Manager Finance LLC

 

    C-1 

     

     

EXHIBIT D

 

INDIVIDUAL PROPERTIES

 

	 	
        Individual Property

         

	1.	City Square Underground Garage, Oakland California
	2.	499 14th Street, Oakland California
	3.	500 12th Street, Oakland California
	4.	501 14th Street, Oakland California
	5.	1200 Clay Street, Oakland, California

 

    D-1

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